Nancy Whitehouse-Bain - RE/MAX Property Promotions



Posted by Nancy Whitehouse-Bain on 1/14/2019

The homebuying journey is rarely problem-free. Fortunately, homebuyers who know how to address challenges throughout the property buying journey should have no trouble making their homeownership dreams come true.

Now, let's take a look at three tips to help you develop an effective approach to address any homebuying challenges that come your way.

1. Be Diligent

When it comes to homebuying challenges, it helps to be diligent. A diligent homebuyer allocates time and resources to understand problems and address them from every angle. As such, this buyer may be better equipped than others to find the right solution to any homebuying challenge, at any time.

Furthermore, a diligent homebuyer often learns about the housing market and analyzes real estate market patterns and trends. With this information at his or her disposal, a homebuyer can use real estate market data to gain an advantage over rival property buyers. And as a result, a diligent homebuyer can use housing market data to make fast, informed decisions throughout the property buying journey.

2. Understand the Worst-Case Scenarios

No one likes to think about the worst-case scenarios. Yet considering potential challenges that could arise during the homebuying cycle may help a property buyer plan ahead for these problems.

As a homebuyer, it is important to prepare as much as possible for all stages of the property buying journey. If a buyer understands potential challenges, he or she may be able to address such problems without delay. Perhaps best of all, this buyer can minimize the risk of encountering possible hurdles that otherwise may prevent him or her from finding the right house at the right price.

3. Work with a Real Estate Agent

Dealing with a homebuying challenge on your own can cause immense stress. Lucky for you, real estate agents are available who can help you identify and resolve any homebuying challenges before they escalate.

A real estate agent is a homebuying expert who can guide you along each stage of the property buying journey. First, he or she will learn about your homebuying goals and craft a custom property buying strategy. A real estate agent next will keep you up to date about new homes that match your property buying criteria, as well as set up home showings. And once you find a house that you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence.

Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase a home, either. At this point, a real estate agent will help you schedule a house inspection and ensure that you are fully prepared for closing day. And if you have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to become a confident homebuyer? Use the aforementioned tips, and you can bolster your homebuying confidence and address any homebuying challenges with poise and integrity.




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Posted by Nancy Whitehouse-Bain on 12/24/2018

If a seller approves your offer to purchase his or her house, conducting a home inspection likely will be the next step of the property buying cycle. Although you may have the option to forgo a house inspection, you should not avoid this evaluation. Because if you forgo a home inspection, you may wind up purchasing a house that fails to meet your expectations.

Ultimately, there are many reasons to perform a house inspection before you finalize a home purchase, and these reasons include:

1. You can gain deep insights into a house's condition.

A home showing enables you to get an up-close look at a residence so you can determine if a residence is right for you. Meanwhile, an inspection goes one step beyond a showing, as it allows you to work with a property expert to analyze all aspects of a house.

During a home inspection, a property expert will walk through a house and analyze the residence's underlying condition. Then, this property expert will provide an inspection report that details his or her findings.

It is important to assess an inspection report closely. That way, you can learn about a home's condition and decide whether to continue with a house purchase.

2. You can review potential property repairs.

If you want to identify potential house repairs, a home inspection is key. If you conduct a home inspection, you can find out about possible property repairs, review the costs associated with them and plan accordingly.

Of course, if the costs of home repairs are significant, you may want to request a price reduction from a house seller. On the other hand, if various home repairs are simple to complete on your own, you may want to proceed with a home purchase.

3. You can make the best-possible homebuying decision.

Let's face it Ė buying a home may be one of the biggest decisions you will make in your lifetime. If you make a poor decision, you may suffer the consequences of your choice for an extended period of time.

Thanks to a home inspection, you can gain the insights you need to make a data-driven home purchase. Best of all, you can use a home inspection to perform a full analysis of a house and feel good about your decision to buy a residence.

As you get ready to pursue a house, you should hire a real estate agent as well. This housing market professional can help you prepare for a house inspection and complete other homebuying tasks.

For example, a real estate agent will attend a home inspection with you. And after a home inspection is finished, you and your real estate agent can review the inspection results together. Finally, your real estate agent can offer an honest, unbiased recommendation about how to proceed following a house inspection.

Ready to find and acquire your dream home? Conduct an inspection as part of the homebuying process, and you can learn about a house and determine whether a residence matches your expectations.




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Posted by Nancy Whitehouse-Bain on 12/17/2018

Finding and purchasing a home sometimes can be difficult, particularly for an individual who encounters assorted challenges throughout the property buying journey. Lucky for you, there are several shortcuts that a homebuyer can use to streamline the property buying process. These shortcuts include:

1. Narrow Your Home Search

If you know you want to buy a home, you should consider where you want to reside and what features you want in your ideal residence. That way, you can avoid the danger of committing time and resources to analyze houses that fail to meet your expectations.

Oftentimes, it helps to craft a list of preferred cities and towns. This list will help you hone your home search to specific areas and ensure you can accelerate the homebuying journey.

Think about what you want to find in your dream house and create a list of home must-haves and wants too. With this list in hand, you can further accelerate your search for your ideal home.

2. Get Pre-Approved for a Mortgage

Some homebuyers apply for a mortgage after they find their dream residence, but doing so may prove to be problematic. Because if a buyer submits an offer to purchase a home without a mortgage at his or her disposal, this individual likely will need to move quickly to get home financing. Or, if a buyer provides a homebuying proposal but cannot secure a mortgage, this individual risks missing out on the opportunity to acquire his or her dream house.

To get pre-approved for a mortgage, you can meet with banks and credit unions and explore a wide range of mortgage options. Then, once you select a mortgage, you can kick off your home search and know exactly how much you can spend to purchase your ideal residence.

3. Hire a Real Estate Agent

A real estate agent is a homebuying expert who will guide you along the property buying journey. He or she can help you identify potential homebuying hurdles and overcome these issues before they escalate. Best of all, a real estate agent will do everything possible to ensure you can acquire a great home at a budget-friendly price.

In addition, a real estate agent will work with you throughout the property buying journey. He or she first will learn about your homebuying goals and help you craft an effective property buying strategy. Next, a real estate agent will help you put your homebuying plan into action and ensure you can discover a house that matches your expectations. And once you discover your ideal home, a real estate agent will help you put together a competitive offer to purchase this residence.

As you prepare to kick off the homebuying journey, you should try to plan ahead as much as possible. By taking advantage of the aforementioned shortcuts, you can prepare for the homebuying journey and speed up the process of finding and purchasing your dream residence.




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Posted by Nancy Whitehouse-Bain on 8/27/2018

Purchasing a home may prove to be an arduous process, particularly for those who fail to plan ahead for the property buying journey. Thankfully, there are many quick, easy ways to streamline the homebuying cycle.

Now, let's take a look at three tips to help you become a smart homebuyer.

1. Study the Real Estate Market

A smart homebuyer realizes the housing market fluctuates constantly. In fact, a real estate market that favors sellers today may favor buyers tomorrow, or vice-versa. But if a homebuyer reviews the housing sector closely, he or she can differentiate a buyer's market from a seller's market and plan accordingly.

Oftentimes, it helps to analyze the prices of recently sold houses in your preferred cities and towns. This will enable you to see whether houses are selling at or near their initial asking prices. It also will allow you to find out how long homes are available before they sell.

2. Obtain Home Financing

A smart homebuyer understands the importance of getting a mortgage before he or she pursues a residence. Thus, this buyer will meet with lenders and get pre-approved for home financing to further accelerate the homebuying journey.

Generally, it won't take long to get pre-approved for a mortgage. Banks and credit unions employ friendly, knowledgeable mortgage specialists who can help homebuyers quickly analyze various home financing options. These specialists can teach you about a broad array of mortgage options and help you weigh the pros and cons of different mortgages. Then, once you evaluate all of your mortgage options, you can select a mortgage and kick off the homebuying journey with a budget in hand.

3. Hire a Real Estate Agent

A smart homebuyer knows that working alone to find and purchase a house can be difficult. Therefore, this buyer will allocate time and resources to hire a real estate agent who can provide comprehensive assistance throughout the homebuying journey.

Typically, a real estate agent is a must-have for a homebuyer, regardless of the current housing market's conditions. A real estate agent understands the ins and outs of the housing sector and is happy to share his or her expertise with any homebuyer, at any time.

When it comes to navigating the homebuying journey, a real estate agent is ready to help you in any way possible. For instance, if you need help finding a residence in a particular city or town, a real estate agent will make it simple to narrow your house search. On the other hand, if you want to buy a new house as quickly as possible, a real estate agent will ensure you can discover your dream residence on your timeline. Best of all, a real estate agent will respond to any of your homebuying concerns and questions and help you make informed decisions at each stage of the homebuying cycle.

Enter the housing market as a smart homebuyer Ė use the aforementioned tips, and you can increase the likelihood of enjoying a successful homebuying journey.




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Posted by Nancy Whitehouse-Bain on 8/20/2018

Your thirties are a time of many important financial decisions. Many people are starting families, buying homes, and getting settled into their careers by the time they turn thirty. The following ten years are often marked by salary increases, moving into larger homes, and saving for retirement.

Itís vital to have a solid grasp on personal finance in your thirties, as it is in many ways the foundation of your finances for the decades to come. So, in this article weíre going to give you some advice on buying a home and managing your money in your thirties.

Straighten out your credit

If your twenties were a volatile time of incurring debts from student loans, car loans, and other expenses, then itís paramount to get your credit in order in your early thirties. Having a high credit score can secure you lower interest rates on a home loan or let you refinance your loans at lower rates.

Start by making sure your bills are on auto-pay, and be sure to settle any older debts from your younger years. You can also use a credit card for recurring expenses, such as gas to get to work or groceries, and then pay them off in full each month. This way, youíll build credit and avoid accruing  interest at the same time.

Reevaluate your lifestyle and long term goals

A lot can change from the time you turn 25 to the time you turn 35. Your goals might shift from finding a home near the ocean to finding a home near a good school district for your children. You might also have the shocking realization that your children will be heading to college sooner than it might seem, and that youíre still working on paying off your own student debt.

Consider things like the size house youíll need for your family, where you want to live and whether that involves being close to aging parents, and reallocating money depending on your retirement goals.

Rethink your insurance coverage

Gone are the days when all you needed was a car insurance policy to get by. As you age and your responsibilities grow, youíll need to think about the future for you and your family. That may include a more comprehensive health insurance plan for your family, a life insurance policy for yourself, or increased covered for home and auto insurance.

Automate the headaches away

With all of these growing responsibilities, it can be easy to get frustrated with the time youíre losing to keeping your finance in order. Fortunately, there are many tools at your disposal in the internet age that will make all of those responsibilities an afterthought.

First, get a budget planning app, like Mint or You Need a Budget (YNAB). Next, set up your bills to auto-pay if you havenít yet. Then, put reminders in your phone to periodically check your credit score and reassess whether you need to pay for certain monthly services (do you still watch Hulu?). Finally, if you havenít yet, make sure you have your paychecks direct deposited into the accounts youíd like them to enter so you donít have to worry about them.




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