Steve Casey
RE/MAX Real Estate Center | 508-341-4464 | stcreal@aol.com


Posted by Steve Casey on 7/2/2018

Obtaining a home loan is a must for most homebuyers. However, there is a lot to think about to ensure a homebuyer can secure a loan that matches or exceeds his or her expectations.

Some of the key questions to consider about a home loan include:

1. What is a home loan's interest rate?

It is paramount to understand a home loan's interest rate, along with any associated loan fees. That way, a homebuyer will know exactly how much he or she will be paying over the life of a home loan.

If a homebuyer chooses a fixed-rate mortgage, he or she can lock in an interest rate for the duration of a home loan. This means a homebuyer will pay the same amount each month. And in many instances, a fixed-rate mortgage can be paid off early without penalty.

On the other hand, a homebuyer may prefer an adjustable-rate mortgage. With this type of mortgage, a homebuyer may receive a lower interest rate initially that rises after a set period of time.

Compare and contrast the different home loan options and their associated interest rates. By doing so, a homebuyer can make an informed home loan decision, one that serves him or her well both now and in the future.

2. Does a home loan require a minimum down payment?

Ask a lender about whether there is a minimum down payment required as part of a home loan agreement. Typically, a homebuyer will need to pay at least a small portion of a home's price to secure a home loan, and it certainly helps to have this information available before you start evaluating available residences.

In addition, it may be worthwhile to save as much money as possible prior to starting a home search. With money at your disposal, you may be better equipped than ever before to make a large down payment, thereby reducing the amount that you'll need for a home loan. Plus, you may even be able to boost your chances of getting a favorable home loan interest rate.

3. Will I need to provide legal documents to obtain a home loan?

Lenders will require you to provide proof of your income and assets, W-2 statements and other legal documents to finalize a home loan agreement. If you stay organized and have these documents readily available, you should have no trouble providing them to a lender as needed.

Overall, the home loan application process may vary from several weeks to many months. The time it takes to secure a home loan can be stressful, and if you need extra help along the way, it never hurts to reach out to a real estate agent.

With a real estate agent at your side, you can streamline the process of buying your dream home. This housing market professional can offer expert tips throughout the homebuying journey and ensure you can discover a great house at an affordable price.

Take the guesswork out of securing a home loan – consider the aforementioned questions, and you can move one step closer to getting the financing you need to obtain your ideal residence.




Tags: Buying a Home   loans  
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Posted by Steve Casey on 6/25/2018

There is no need to struggle as you pursue your dream home. In fact, there are many things you can do to ensure the homebuying journey is quick and easy.

Now, let's take a look at three tips to help you enjoy a seamless property buying experience.

1. Know Where You Want to Reside

It often helps to narrow a home search to a small group of cities and towns. That way, you can focus exclusively on residences in a set area and speed up your house search.

As you consider where you want to live, it generally is a good idea to review your short- and long-term plans. For example, if you intend to return to school soon, you may want to search for houses near some of the nation's top colleges and universities. On the other hand, if you want to start a family, you may want to focus on homes close to parks and other family-friendly attractions.

2. Establish a Homebuying Budget

Most homebuyers will need to get a mortgage so they can acquire their dream residence. Fortunately, banks and credit unions are happy to teach you about home financing and help you make an informed mortgage selection.

Typically, banks and credit unions employ courteous, knowledgeable mortgage specialists who can educate you about all aspects of home financing. These specialists are ready to respond to your home financing concerns and questions and help you find a mortgage that suits you perfectly.

There is no such thing as a "bad" question to ask mortgage specialists, either. If you work with mortgage specialists to assess all of your home financing options, you can select a mortgage that will serve you well for the foreseeable future.

3. Hire a Real Estate Agent

When it comes to searching for a home, you don't have to work alone. Thankfully, real estate agents are available throughout the country, and these housing market professionals can make it simple for you to acquire a great home at a budget-friendly price.

A real estate agent goes above and beyond the call of duty to make the property buying journey fast and easy. First, he or she will learn about you and your homebuying goals. This housing market professional next will craft a personalized homebuying strategy for you and put this plan into action. Then, after you discover your ideal residence, a real estate agent will do everything possible to help you acquire this home.

In addition, a real estate agent will work with you to finalize a home purchase. As a home closing date approaches, a real estate agent will help you plan accordingly. By doing so, he or she can help you purchase your dream residence without delay.

For those who want to enjoy a quick, easy homebuying journey, it helps to plan ahead. With the aforementioned tips, you can prepare for the homebuying journey and limit the risk of encountering various problems as you search for your ideal house.




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Posted by Steve Casey on 6/4/2018

You may have the notion as you’re searching for a house that the first bid will win when it comes to jumping at the chance to buy a home. That’s not always true. however, can waiting too long to put in an offer on a home be detrimental to your home search? We’ll go over some of the best advice as to what makes a good offer, and when the best time to put that offer in is.  


There’s actually no real set timeline for when you should put an offer in on a home. The real determination of this is the type of housing market that we’re in in at any particular time. A fast moving housing market can equate to the need for you to make an offer quickly. Most realtors will agree that you shouldn't wait too long to put in an offer on a home that you like. 


If you have a good realtor, and you have done your homework as well, you’ll be able to make an educated offer. You’ll have done your due diligence if you have a pre-approval letter ready and understand a bit about the market itself, along with the pricing typical of the neighborhood where you’re interested in buying. Your realtor can help you to understand as to whether the offer you want to put in is a good one or not. 


Know What You Want


The most important part of putting in an offer on a home is knowing what you want in a  home. Before you get to the point where you actually want to put in offers, it’s a good idea to have searched a bit online, and even attended a few open houses in the area where you’re searching. This will give you a better idea of what’s out there in your price range.     


The First Offer Is The Best One


This is an old adage in the real estate business. If you’re a seller, you have to assume that what a buyer is offering is their top number. If other offers come in at a higher price, then buyers who were really interested in the home may be fresh out of luck. That’s why putting in a strong offer is so important. You don’t want to lose out on a home that you really want because you haven’t taken the time to understand what a good price point for a home in your neighborhood of choice is.


New Listings Have More Interest


Homes that have just been listed generate the most enthusiasm. Sometimes, the biggest part of putting an offer in on a home is trial and error. Many people will put in 2 to 3 offers before they finally secure the home of their dreams. Newer listings typically expect more for the price point the house is listed at. If a home has been listed for a short time, buyers can expect to pay close to the asking price for the home. Homes that have been on the market for a longer period of time have more negotiating power, giving the buyer a bit more wiggle room in their offer.  

The bottom line is that if you see a home that you love, you’ll want to put an offer in as soon as possible. When the market is hot, no home will last long. Be prepared to make an offer when you find that property you want so that the process will be a lot easier for you.  






Posted by Steve Casey on 5/28/2018

Want to make your homeownership dream a reality? Get pre-approved for a mortgage, and a first-time homebuyer can move closer than ever before to acquiring his or her ideal residence.

Ultimately, there are many reasons to receive pre-approval for a mortgage, including:

1. You can establish a realistic homebuying budget.

Entering the housing market for the first time can be challenging. In fact, many first-time homebuyers struggle to establish realistic expectations before they begin their home search. And as a result, these homebuyers may end up spending too much for a house.

Fortunately, getting pre-approved for a mortgage enables a homebuyer to enter the real estate market with a budget in hand. This ensures a homebuyer can avoid the temptation to overspend on a residence.

Pre-approval for a mortgage also allows a homebuyer to map out his or her homebuying journey. With a plan in place, this homebuyer may be better equipped than others to acquire a top-notch residence that matches or exceeds his or her expectations.

2. You can speed up the homebuying journey.

Although a first-time homebuyer can always submit an offer on a home without a mortgage in hand, doing so may be tricky. In some cases, it may even slow down the homebuying process, especially if a homebuyer has to allocate significant time and resources to find a mortgage lender.

On the other hand, a homebuyer who gets pre-approved for a mortgage should have no trouble accelerating the property buying cycle. This homebuyer will know exactly how much money is at his or her disposal, and as a result, can speed up the homebuying journey.

3. You can gain a competitive advantage over rival homebuyers.

In many instances, a home seller may be more likely to accept a proposal from a first-time homebuyer who has been pre-approved for a mortgage versus an offer from a buyer who still needs to obtain a mortgage.

A homebuyer who has a mortgage likely won't have to wait too long to acquire a house. Conversely, a homebuyer who needs to apply for a mortgage after an offer has been submitted may need to wait many weeks or months to complete a home sale.

Clearly, there are many great reasons for a first-time homebuyer to receive pre-approval for a mortgage. For homebuyers who want to ensure the best results possible, it certainly helps to collaborate with an experienced real estate agent too.

An experienced real estate agent understands the ins and outs of the housing market and will do whatever it takes to help a homebuyer streamline the property buying journey. This housing market professional will set up home showings and negotiate with a home seller on a property buyer's behalf. Plus, he or she is happy to provide honest, unbiased recommendations to help a homebuyer make his or her homeownership dream come true.

Take the next step to acquire your dream residence – get pre-approved for a mortgage today, and a first-time homebuyer can get the necessary financing to purchase his or her ideal house.




Categories: Uncategorized  


Posted by Steve Casey on 3/31/2018

When you hire a realtor to be your buyer’s agent, you want to make the most of the resource that you have. If you learn a bit more about realtors, it can help you to work with your agent in tandem to get the best deal on the property that’s right for you. Below, you’ll find some tips to help you navigate working with your realtor and make the whole process quite smooth. 


Be Punctual


You should keep your appointments and be on time when meeting with a realtor. While he works for you, you shouldn’t assume that you’re the only client he has. Yes, you’re important to him, but understand that your realtor is very busy and his time should be respected. If you’re running late or need to reschedule an appointment, always make the effort to call your agent to let him know what’s going on.


Let Your Agent Do The Work


While there are plenty of things that you can do to help your agent through the process of helping you buy a home, you should let him do his job. This means that you should never call a listing agent if you have signed on with a buyer’s agent for yourself. Understand that a buyer’s agent could also get passed on commission if the listing agent believes that you are under a dual agency agreement and do not mention your buyer’s agent. It’s important that all contacts are done through your agent. That’s what they are there for! 


It’s also important to note that you should try and avoid going to property showings and open houses without your agent. If you do need to go to an open house on your own, you should let your agent know so he can make the proper arrangements ahead of time. You should expect to sign an agreement with your agent once you decide to hire him as your buyer’s agent. 


Let Your Agent Know What You’re Looking For 


It’s important that you’re honest and upfront with your buyer’s agent. Buying a home is no small task and your agent is your advocate throughout the process. Your realtor will have a basic understanding of your finances, what you’re looking for in a home, and will even know a bit about your family structure. 


So that your agent can best help you to find the home that’s right for you, don’t try and sugarcoat anything. If you see a house you’re not fond of, say so. If a home seems out of your budget, you need to discuss it. The easiest way to find the property to fit your needs is to relay your desires and circumstances to your realtor.        


 




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