Wendy Johnson - RE/MAX Professional Associates



Posted by Wendy Johnson on 4/1/2020

For those who want to enjoy a quick, seamless homebuying experience, it helps to prepare as much as possible. In fact, those who plan ahead may be better equipped than others to avoid various challenges throughout the homebuying cycle.

From struggling to obtain home financing after a seller accepts your offer to purchase to struggling to find the right home in one of your preferred cities and towns, myriad issues may make it tough for you to achieve your desired results on the homebuying journey. Fortunately, we're here to help you minimize risk as you pursue your dream residence.

Now, let's take a look at three tips to help you avoid a homebuying fiasco.

1. Establish Homebuying Criteria

If you enter the housing market with criteria in hand, you can narrow your house search. As a result, you may be able to accelerate your journey from homebuyer to homeowner.

Think about where you want to live. Then, you can hone your home search and focus exclusively on houses in specific cities and towns.

It also may be beneficial to establish a list of home must-haves and wants. This list can help you determine exactly what you want to find in your dream house so you can map out your home search accordingly.

2. Get Pre-Approved for a Mortgage

There is no need to wait to get a mortgage. Thankfully, lenders are available that can help you get approved for a mortgage before you kick off your home search.

Meet with a variety of banks and credit unions – you'll be glad you did. This will allow you to learn about the ins and outs of different mortgage options.

Furthermore, don't hesitate to ask questions about all of the mortgage options at your disposal. Because if you understand exactly how a mortgage works, you can make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

When it comes to avoiding problems during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional will offer comprehensive support at each stage of the homebuying journey. By doing so, a real estate agent will ensure you can quickly and effortlessly navigate the housing market.

For example, if you want to find a house in a small town, a real estate agent will help you explore residences that match your expectations. He or she will set up home showings and keep you informed about open house events. Plus, if you identify your dream house, a real estate agent will help you submit a competitive offer to purchase.

Let's not forget about the housing market expertise that a real estate agent possesses, either. If you ever have concerns or questions as you pursue your dream house, a real estate agent is happy to address them at any time.

Want to discover your dream residence? Use the aforementioned tips, and you can reduce the risk of encountering problems as you search for your ideal residence.




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Posted by Wendy Johnson on 3/25/2020

A home appraisal enables a seller to learn about the value of his or her house relative to the current housing market. As such, an appraisal represents an important opportunity, particularly for a seller who wants to maximize the profits from his or her home sale.

Ultimately, it helps to plan ahead for a home appraisal. If you prepare for an appraisal, you can use the appraisal results to achieve your home selling goals in no time at all.

Let's take a look at three tips to help you get ready to perform a home appraisal.

1. Learn About Your Home's Strengths and Weaknesses

What you initially paid for your house is unlikely to match the current value of your residence. Fortunately, if you understand your house's strengths and weaknesses, you can prioritize home improvements and complete these upgrades. As a result, you may be able to boost your chances of receiving a favorable property valuation during a home appraisal.

Also, it may be beneficial to conduct a home inspection before you schedule an appraisal. That way, you can use the inspection results to determine which areas of your house need to be upgraded.

2. Assess the Housing Market

The present real estate sector will impact the valuation of your house. To establish realistic expectations for a home appraisal, it often helps to analyze the current housing market.

If homes are selling quickly, this likely indicates that a seller's market is in place. This market favors sellers and may enable you to receive plenty of offers if you establish a competitive price for your home.

Comparatively, if homes linger on the real estate market for many days, weeks or months, a buyer's market may be in place. In this market, you may need to set an aggressive price to help your residence stand out to potential buyers.

3. Consult with a Real Estate Agent

A home appraisal is an important part of the home selling journey. And if you collaborate with a real estate agent, you can work with a home selling expert who can help you maximize your property valuation during an appraisal.

With a real estate agent at your side, you can receive comprehensive support throughout the home selling journey. A real estate agent can put you in touch with the top home appraisers in your city or town. Furthermore, a real estate agent can help you determine how to price your house to ensure you can stir up significant interest in your residence.

A real estate agent also is happy to help you review any offers on your home. If you're unsure about whether to accept, reject or counter a homebuying proposal, a real estate agent can help you weigh the pros and cons of each option.

Ready to conduct a home appraisal? Use the aforementioned tips, and you can perform a home appraisal before you add your residence to the housing market.




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Posted by Wendy Johnson on 3/18/2020

If you plan to buy a house, it helps to take an honest approach to the homebuying journey. In fact, there are many reasons to remain open and honest throughout the homebuying journey, including:

1. You can set realistic expectations for the homebuying cycle.

If you're honest with yourself, you can determine exactly how much that you can spend on a residence. Then, you can tailor your home search accordingly.

Furthermore, an honest approach is ideal to ensure you can maintain realistic expectations as you pursue houses. No house is perfect, but an honest homebuyer will realize this before he or she embarks on a home search. As a result, this homebuyer may be better equipped than others to discover a terrific house that matches his or her expectations.

2. You can resist the temptation to spend beyond your means.

Oftentimes, it helps to get pre-approved for a mortgage before you enter the housing market. If you pursue houses with a mortgage in hand, you can establish a price range for your home search, thereby reducing the risk of spending too much on a house.

When it comes to getting a mortgage, you'll need to be honest with prospective lenders. These financial institutions will perform their due diligence to ensure you are qualified to receive a mortgage. And if you are dishonest with lenders, you are unlikely to get the mortgage you need to acquire your ideal house.

3. You can speed up the homebuying journey.

The homebuying journey may prove to be a long, drawn-out process if you're not careful. Fortunately, with an honest approach to buying a house, you can limit the risk of encountering time-consuming homebuying hurdles.

For example, if you are honest with yourself about where you want to live, you can refine your home search to particular cities or towns. This will enable you to keep track of available houses in certain areas, resulting in a fast, efficient home search.

The aforementioned list highlights some of the key reasons to be honest with yourself and others as you pursue a house. Of course, if you need extra assistance as you search for your dream home, you may want to hire a real estate agent too.

A real estate agent is a homebuying expert who will be direct and forthright with you throughout the homebuying journey. As such, a real estate agent can help you take the guesswork out of purchasing a house.

Usually, a real estate agent will meet with you and learn about your homebuying criteria. This housing market professional then can tailor a home search to help you identify your dream residence. And if you have any homebuying questions, a real estate agent can respond to these queries immediately.

Perhaps best of all, a real estate agent will provide honest, unbiased recommendations as you proceed along the homebuying journey. This housing market professional will simplify the homebuying process, ensuring you can acquire a top-notch house that you can enjoy for years to come.




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Posted by Wendy Johnson on 3/17/2020

Today is your LUCKY DAY! JUST LISTED and ready for you to make this house your HOME. Great ranch style home conveniently located in lovely neighborhood near Chaffin Pond and Winthrop Oaks Park. Looking for a starter home or one level living, this home has 2 large bedrooms with hardwood flooring and ample closet space; eat in kitchen with updated flooring, and large family room with wall to wall carpeting (hardwoods under carpet) with bay window. Bathroom has been updated with paint and new vanity. Laundry is conveniently located in the basement. Enjoy the spacious back yard with a shed for storage and a great tree ...PERFECT for a tire swing. Showings start now and quick closing possible. OPEN HOUSE SATURDAY - LIMITING TO 10 IN HOUSE AT ONE TIME FOR EVERYONE'S PROTECTION

More Info on this Property | New Listing Alerts




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Posted by Wendy Johnson on 3/11/2020

Photo by Mohamed Hassan via Pixabay

You’ve decided to sell your home to upgrade or even downsize, but you don’t know whether you should start looking and buy first or wait to sell first. The best-case scenario is to do both, but that takes a lot of planning. If you are sure your credit is good enough to get the loan you want, you can find a home and you have a buyer for your home all at the same time, the process could be quite smooth. Working with an excellent real estate agent goes a long way to making this scenario go smoothly.

Buying First

If you decide to buy a new house before you sell, and then put your home on the market, or choose to put your home on the market and buy a new home, even if your home doesn’t sell quickly, you will most likely have a place to move to—and can take your time moving. This plan has two hitches, and they’re not necessarily bad:

  • Your house sells quicker than you expected. If it does and you haven’t found a home, or you did, but you haven’t closed yet, you may have to move to temporary housing until your deal closes. On the other hand, if the seller is not in any hurry, you could rent your home back until your deal closes and you get moved.

  • You will have to pay two mortgages. If your current home is not paid off, you will have to pay two mortgages. Depending on your income, you may not be able to close the loan on the new home until you sell your current home. If your debt-to-income ratio has room for two mortgages, this is not a problem.

Selling First

Selling first is probably the safest way to go about moving. Once your house sells, put most of your possessions into storage and find a short-term rental. This allows you to take your time finding your dream home and getting the financing for the new house. Since you have all the time in the world, you’ll be able to shop around for the best mortgage without feeling pressured to take something because you need to close quickly.

Making the Decision

Before you decide on whether to buy or sell first or do both at the same time, determine which is best for your situation.

  • Check your credit score. The better your credit, the lower your new interest rate will be. Lenders will be more willing to work with you.

  • Start browsing for homes for sale to see if there is anything you are interested in.

  • Know how much mortgage you will qualify for. Speak to several lenders about the different available loan programs.

  • Contact a real estate agent to discuss listing your home. Ask about the listing contract and the cost of listing. Some real estate agents give you a discount on their commission if you use them to buy and sell.

  • Know the market. If buyers are flooding the market, it may be easier to sell your home. If sellers are flooding the market, it may take longer to sell your home because there are many homes for people to choose from.

The answers to these questions will let you know if it is better to buy or sell first.




Tags: home seller   buying   selling   Homebuyer  
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