Titine Joyce - Coldwell Banker Residential Brokerage - Scituate



Posted by Titine Joyce on 5/13/2021

If you find your dream house, there is no need to leave anything to chance. But if you submit a "lowball" homebuying proposal, you risk missing out on the opportunity to acquire your ideal residence.

Putting together a competitive offer to purchase can be easy. Now, let's take a look at three tips to help you craft an aggressive homebuying proposal.

1. Study the Housing Market

The housing market fluctuates constantly. If the real estate market favors buyers today, it may shift into sellers' favor tomorrow, or vice-versa. As such, you should study the housing market, determine whether it favors buyers or sellers and craft a homebuying proposal accordingly.

Oftentimes, it helps to look at the prices of recently sold houses in your area, as well as how long these homes were listed before they sold. With this housing market data in hand, you may be better equipped than ever before to differentiate a buyer's market from a seller's market. And as a result, you can boost the likelihood of submitting a competitive homebuying proposal.

2. Know Your Budget

If you know how much you can spend on a house, you can minimize the risk of submitting an offer to purchase that stretches beyond your financial limits.

To establish a homebuying budget, it generally is a good idea to get pre-approved for a mortgage. Banks and credit unions can teach you everything you need to know about different mortgage options and help you select the right mortgage. Plus, if you have any questions as you evaluate your mortgage options, banks and credit unions are happy to respond to your home financing queries.

3. Collaborate with a Real Estate Agent

If you hire a real estate agent, you can submit a competitive offer to purchase on any house. In fact, a real estate agent can offer in-depth housing market insights to help you put together an aggressive homebuying proposal that may receive an instant "Yes" from a seller.

A real estate agent is a homebuying expert who understands what it takes to purchase a home in any housing market. He or she first will meet with you, learn about you and your homebuying goals and create a personalized property buying strategy. Next, a real estate agent will help you pursue houses in your preferred cities and towns until you find one that matches your expectations. And after you discover your ideal residence, a real estate agent will make it simple for you to submit an offer to purchase that fulfills the needs of all parties involved.

Of course, if your offer to purchase your dream home is accepted, a real estate agent will guide you through the final steps of the homebuying process. Or, if your homebuying proposal is rejected, a real estate agent will help you reenter the housing market.

Avoid the danger of submitting a lowball offer to purchase your dream house use the aforementioned tips, and you can craft a competitive homebuying proposal and move one step closer to acquiring your ideal home.





Posted by Titine Joyce on 5/6/2021

After you complete a home showing, you may face a dilemma. If you like a house following a showing, you may want to set up a follow-up showing or submit an offer to purchase. Or, if you are dissatisfied with the results of a home showing, you may want to continue your house search.

It helps to know what to expect after you attend a house showing. Because if you know what to do following a showing, you may be able to speed up the process of going from homebuyer to homeowner.

Now, let's take a look at three tips to help you make the best-possible decision about a house following a showing.

1. Assess the Pros and Cons of a House

Performing a comprehensive home analysis is a must after a showing. That way, you can weigh the pros and cons of a residence and decide whether a house is right for you.

Think about how you felt as you walked through each room of a house. If you can envision yourself as the owner of a home, you may want to move sooner rather than later to submit an offer to purchase.

Conversely, if you find a house is in need of major repairs or simply does not suit your lifestyle, you should not hesitate to continue your house search. With a diligent approach to home evaluations, you should have no trouble discovering your dream residence in the foreseeable future.

2. Consider the Next Step in Your Homebuying Journey

When it comes to finding the perfect residence, it helps to plan ahead as much as possible. And if you have a plan in place for what to do after a home showing, you'll be better equipped than ever before to prepare for the worst-case scenarios.

For example, a home seller could accept a rival buyer's offer to purchase before you have time to consider your options following a showing. But if you have a backup plan in place, you can move quickly to continue your homebuying journey, regardless of how a showing pans out.

3. Collaborate with a Real Estate Agent

If you are unsure about the best course of action at a home showing's conclusion, you may want to consult with a real estate agent. This will enable you to gain expert insights into the housing market and make an informed decision about how to proceed with a particular residence.

A real estate agent is happy to teach you about all aspects of the housing market. Following a home showing, a real estate agent can meet with you and help you review all of the options at your disposal. And if you decide to submit an offer to purchase a house, a real estate agent will make it easy to put together a competitive homebuying proposal.

There is no need to worry about what to do after a house showing. Use the aforementioned tips, and you can boost the likelihood of making the best-possible decision following a home showing.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Titine Joyce on 4/29/2021

Photo by fran hogan on Unsplash

If you’re a homeowner considering selling your home as an investment property, timing is important. From a financial perspective, just as you probably bought strategically, you want to sell strategically too. The trick is knowing when the right time arrives. Here are four common metrics people use to determine when it's time to sell their property.

Amount of Equity in the House

A primary factor to look at is how much equity is in the home. Ideally, to sell a home as an investment, the seller can make a tidy sum. If mortgage payments are still owed, this may negate any potential profit made, but not necessarily. If you're looking to broaden your investment portfolio, be certain you can sell your house for enough money to pay off your debt with a sufficient amount left over to re-invest. If you don’t have enough equity to do this, you’re better holding off.

Market Conditions Are Good

Many owners who bought low and can sell high find this to be a strong motivator to put their property on the market. Since market conditions eventually shift to a buyer’s market, it’s a smart strategy to sell when the housing market favors the seller. Owners who have held their property for a long time or purchased as the housing bubble burst between 2007-2012, are likely going to make a better profit than investors who purchased when prices were at their peak.

Tax Code Advantages

Buyers are often motivated to sell if there are tax code advantages. For instance, the IRS currently offers a tax-deferred advantage to investors looking to sell one property to buy another. Under tax IRC Section 1031, sellers are required to find another property to purchase within 45 days and then buy it within 135 (180 days total).

By selling and making a similar real estate investment, investors can defer paying their federal and state capital gain taxes. It’s a good strategy to use if you want to leverage real estate and broaden your portfolio.

Taxes Are Going Up

If local taxes are going up, often buyers find this to be an incentive to sell. For instance, if a town severely limits commercial activity, the tax burden falls to homeowners. Over time, the tax bill may become too exorbitant. If you own enough equity in your property and the housing market is in your favor, high taxes might be your tipping point.





Posted by Titine Joyce on 4/23/2021

OCEANFRONT SHOWCASE PROPERTY: Spectacular Year Round 5 bedroom, 3 1/2 bath Home with breathtaking views from both floors. Open Floor Plan with impressive 2 story Atrium with soaring ceilings & a dramatic staircase leading up to the considerable balcony space. Great Room w/ open Dining Room off the State of the Art Kitchen w/ a quartz island & counters, custom cabinets w/ interior & under mount lighting, built-in wine chiller & the 3 sided glass gas fireplace to enjoy from many spaces. First AND Second floor Master En suites w/ balconies to enjoy morning coffee w/ a view. Many luxurious renovations & updates to be appreciated including the beautiful 1st floor master bedroom and bath, shiplap details, innovative lighting system & motorized window treatments. Central AC, Kohler Whole House generator, motorized storm shutters, outdoor shower. Rear expansive entertainment deck for lazy summer days & romantic nights.

More Info on this Property | New Listing Alerts





Posted by Titine Joyce on 4/22/2021


48 Oceanside Drive, Scituate, MA 02066

Single-Family

$1,495,000
Price

9
Rooms
5
Beds
3/1
Full/Half Baths
OCEANFRONT SHOWCASE PROPERTY: Spectacular Year Round 5 bedroom, 3 1/2 bath Home with breathtaking views from both floors. Open Floor Plan with impressive 2 story Atrium with soaring ceilings & a dramatic staircase leading up to the considerable balcony space. Great Room w/ open dining Room off the State of the Art Kitchen w/ a quartz island & counters, custom cabinets w/ interior & under mount lighting, built-in wine chiller & the 3 sided glass gas fireplace to enjoy from many spaces. First AND second floor Master En suites w/ balconies to enjoy morning coffee w/ a view. Many luxurious renovations & updates to be appreciated including the beautiful 1st floor master bedroom and bath, shiplap details, innovative lighting system & motorized window treatments. Central AC, Kohler Whole House generator, motorized storm shutters, outdoor shower. Rear expansive entertainment deck for lazy summer days & romantic nights.
Open House
Saturday
April 24 at 1:00 PM to 3:00 PM
Covid protocol required: masks and social distancing. At Seller's request: 3 parties at a time. 15 minute intervals if and when necessary.
Cannot make the Open Houses?
Location: 48 Oceanside Drive, Scituate, MA 02066    Get Directions






Categories: New Homes