Diane Stone - CENTURY 21 Commonwealth



Posted by Diane Stone on 10/2/2017

Ready to buy a home? Ultimately, you'll want to prepare for the homebuying process. By doing so, you can avoid many costly mistakes.

Believe it or not, it is easy to make mistakes as you browse the housing market. Some of the expensive mistakes that homebuyers frequently make include:

1. Overspending on a Residence

No one should be forced to overspend on a home. Unfortunately, if you fail to study the real estate market, you risk paying too much to acquire your dream house.

Remember, an informed homebuyer will be better equipped to optimize the value of his or her real estate investment than others. And if you understand the costs of properties in your area, you can avoid the temptation to overspend.

Explore the real estate market closely and assess the prices of similar houses. By doing so, you can understand the price range of homes that fall within your budget and plan accordingly.

Also, work with an experienced real estate agent. This real estate professional will help you determine how much you can spend on a home and can provide you with details about properties that match your budget.

2. Failure to Get Pre-Approved for a Mortgage

After you find your dream home, you'll need to figure out how to pay for it. And if you struggle to obtain a mortgage before you start your home search, you might miss out on the opportunity to purchase your dream residence.

Meeting with banks and credit unions prior to checking out properties is ideal. This will allow you to obtain a mortgage and search for houses that fit your price range.

Moreover, getting pre-approved for a mortgage may help you stand out in the eyes of a home seller, as he or she won't have to wait for you to secure financing to finalize a purchase agreement.

3. Lack of Realistic Expectations

As a homebuyer, it is important to understand that every house has its pros and cons. But if you fail to establish realistic expectations for the homebuying process, it may be impossible for you to find the right property at the right price.

Separating your homebuying wants from your homebuying needs is vital. If you determine exactly what you'd like to find in your dream home before you explore the real estate market, you can narrow your search and streamline the process of acquiring the perfect residence.

Furthermore, hiring a real estate agent can make a world of difference for homebuyers. Your real estate agent can keep you up to date about new homes as they become available, set up home showings and help you submit offers on residences. This real estate professional also can offer homebuying recommendations, ensuring that you can minimize the risk of homebuying mistakes.

With a real estate agent at your side, you can accelerate the process of going from homebuyer to homeowner. Collaborate with a real estate agent today, and you should have no trouble securing your ideal residence.




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Posted by Diane Stone on 6/18/2017

After you launch a search for the perfect home, it may seem like a fast, easy process to acquire your ideal residence. But if you're not careful, you may encounter many homebuying hurdles along the way.

Lucky for you, we're here to ensure that you can streamline the process of purchasing your dream home. Here are three tips that you can use to accelerate your push for the perfect house:

1. Determine Exactly What You Want

Spend some time considering what you want out of your dream house. By doing so, you'll be able to speed up the process of going from homebuyer to homeowner.

Ultimately, no two houses are identical, and homebuyers who know what to look for in a dream house can narrow their search for the perfect residence.

If you understand what you want out of a house, you'll be able to budget accordingly as well. Thus, you may be able to improve your chances to buy your dream residence and avoid the temptation to overspend on a house if you plan ahead.

2. Examine a Large Assortment of Houses

After you narrow your home search, take an up-close look at residences that fit your needs.

Open houses frequently are held on weekends throughout the year, making it easy for you to check out available residences without having to rework your weekday schedule. Plus, open houses ensure that you can browse a house at your convenience and find out if a property corresponds to your budget and lifestyle.

Don't forget to set up individual home showings, either. These home showings will enable you to assess all aspects of a residence. And if you are satisfied with a residence following a showing, you can submit an offer.

3. Hire an Experienced Real Estate Agent

The homebuying journey features many twists and turns, and as such, there is no need to navigate it on your own. Fortunately, many experienced real estate agents are available to help you purchase your dream house.

An experienced real estate agent understands the differences between a buyer's market and a seller's market. Therefore, this real estate professional knows what it takes to acquire a residence in any real estate market, at any time.

With an experienced real estate agent at your disposal, you won't have to worry about missing out on your dream residence. Instead, your real estate agent will keep you informed about new houses that may meet or exceed your expectations as soon as these properties become available. Your real estate agent also will offer recommendations for submitting a competitive offer on a residence, conducting a home inspection and much more.

Perhaps best of all, an experienced real estate agent is happy to share his or her expertise with you. And if you ever have homebuying concerns or questions, this real estate professional will respond to your queries without delay.

For homebuyers, there is no need to leave anything to chance. Employ an experienced real estate agent, and you can streamline your search for the perfect house.




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Posted by Diane Stone on 9/11/2016

Owning your own house or apartment is a gratifying experience, as you not only have a place you can call home, but you also have the freedom to live the way you choose once you enter your domain. However, to find a home that can truly make you happy, there are a few points that you should consider beforehand. The first point to think about is the neighborhood (where your home will be located). This is important, because you need to feel that the area you are living in will be safe from crime, and that it will also be easy to commute to work on a daily basis. In the end, you do not want to spend too much time traveling in the evenings or in the mornings, as this can only make life more difficult. The next point to think about is how much space you want, as well as how many responsibilities you are willing to put up with. In other words, you could either choose to find a home that has a huge garden and a swimming pool, which is perfect if you enjoy gardening and going out for a swim, or, you could decide to do away with these extra bells and whistles if you hate gardening and do not want to spend time cleaning the pool. In other words, you want a home that you can truly feel comfortable living in, as this in turn will ensure that you can keep your life as stress free as possible. Price is always important, and you want to make sure you look for a home that you can afford. There are a lot of other expenses you have to think about, cable TV, insurance, taxes, telephone, heat, electric, maintenance etc. So make sure you factor all of these into your monthly budget. You do not want to be house poor and buying a home that you may fall in love with can in the end be very stressful if you are struggling to pay for it every month. Look for a home at a good value and that may need some cosmetic fix ups and grow into the home with home improvements down the road. This will bring value to your home and in turn be a good invest when you go to sell the home.





Posted by Diane Stone on 8/7/2016

There is a saying often used in the real estate industry to refer to buyers, it says buyers are liars. That is in fact not case. The perception comes from the fact that buyers often buy on emotion rather than their needs. Buying on emotions often leaves buyers passing over a potential good deal or fit and instead overpaying for their dream home. Here are some common buyer errors and how to avoid making them. 1: Not using the right agent Choose an agent that works in the local market and never go it alone. An agent has the skills to negotiate the best deal for one of the biggest purchases of your life. A local agent has the lay of land and knows the area well and will be able to find you the right fit. 2: There usually isnít a better deal When buyers keep waiting for a better deal they often miss out. When you find a house that fits your needs go for it. Donít wait because there is no guarantee that a better deal will come on the market. 3: Overpaying for cosmetics Look at the structure and the function of the home. Paint colors or dťcor donít matter in how much the house is ultimately worth. Often buyers will pay for cosmetics and staging in a home and ignore a better deal that isnít perfectly decorated or match their taste. 4: Not negotiating realistically Who doesnít want to get the lowest possible price when buying a home? Buyers need to understand there is a big difference between negotiating and lowballing. If a buyer truly wants a chance at a sale it is best to make a fair offer. Lowball offers often immediately get rejected or cause the seller to become agitated which often ends negotiations. Buyers must understand a lowball offer comes with a risk of losing the property.