Bo Lee - CENTURY 21 Commonwealth



Posted by Bo Lee on 8/19/2018

Ready to submit an offer on a house? Not so fast. First, you'll want to consider a few key questions, including:

1. Can I afford to buy a house?

If you find a house you like, make sure you can afford the monthly mortgage payments. By doing so, you may be able to avoid costly, time-consuming problems down the line.

Ultimately, getting pre-approved for a mortgage can make a world of difference, particularly for a homebuyer who is ready to submit an offer on a home.

With pre-approval for a mortgage, a homebuyer will understand exactly how much money is at his or her disposal. As a result, this homebuyer can avoid the temptation to overspend on a house.

2. Should I submit a "lowball" offer?

For many homebuyers, it may seem like a good idea to submit a "lowball" offer on a house. But doing so may be problematic for a number of reasons.

If you submit a lowball proposal, a home seller is unlikely to take your bid seriously. As such, this home seller may dismiss your offer and move on to other proposals quickly.

In addition, a lowball offer may cause you to miss out on the opportunity to acquire your dream residence.

When you locate the perfect residence, there is no need to leave anything to chance. If you submit a fair proposal that meets or exceeds a home seller's expectations, you can avoid the risk of losing your dream house to a rival homebuyer.

3. How much should I offer for a residence?

We've already established that a lowball offer is rarely, if ever, a good idea. Now, you'll just need to determine what differentiates a fair proposal from a lowball one.

A fair proposal accounts for the needs of both a homebuyer and home seller. It should be based on the current state of the housing market as well as the condition of a home.

For instance, if you're operating in a buyer's market, there is likely to be a broad assortment of homes available. This means a home seller may need to lower his or her expectations due to the sheer volume of quality residences currently on the market.

Don't forget to study the prices of recently sold homes in a particular city or town too. This housing market data will help you better understand how a residence you're considering stacks up against comparable houses so you can submit an appropriate offer.

4. Do I need a real estate agent?

A real estate agent will take the guesswork out of buying a home, and for good reason. This real estate professional can help you prepare an offer and will negotiate with a home seller on your behalf. That way, you can streamline the process of going from homebuyer to homeowner.

Hire a real estate agent before you submit an offer on a house you'll be glad you did. A real estate agent will guide you along the homebuying journey and ensure you can secure a great house at a price that fits your budget.




Categories: Buying a Home   buying tips  


Posted by Bo Lee on 8/12/2018

The decision to buy a house may be one of the biggest choices that you make in your lifetime. As such, a potential home purchase should be fully evaluated to ensure you can achieve the best-possible results during the homebuying journey.

Furthermore, it may be beneficial to discuss your homebuying plans with family members, friends and other loved ones. There are many reasons why you may want to share your homebuying plans with loved ones, and these reasons include:

1. You can gain homebuying insights that you might struggle to obtain elsewhere.

Loved ones frequently are happy to share their homebuying insights with you. Thus, if you keep loved ones up to date about your homebuying plans, you may be able to gain comprehensive real estate insights that you won't find anywhere else.

Let's not forget about the past homebuying experiences of loved ones, either. If a loved one had a positive or negative homebuying experience, you may be able to learn lessons from this event that could help you navigate the homebuying journey.

2. You can look at the big picture.

Oftentimes, the temptation to rush through the homebuying process can be overwhelming, particularly for a first-time homebuyer. If you consult with loved ones, however, you can slow down and look at the big picture as you prepare to pursue your dream residence.

Loved ones are unafraid to be honest, especially when it comes to a life-changing decision like buying a house. Therefore, if you reach out to loved ones before you enter the housing market, you can assess your short- and long-term plans and map out your homebuying journey accordingly.

3. You can get the help you need to succeed.

No one should be forced to pursue a house on their own. Lucky for you, loved ones are available who can help you discover your ideal residence in no time at all.

Sharing your homebuying plans with loved ones may enable you to get plenty of support throughout the homebuying journey. Plus, if you ever have concerns or questions as you pursue your dream house, loved ones are ready to assist you in any way possible.

As you prepare to embark on a home search, you may want to consult with a real estate agent too. In fact, a real estate agent will ensure you can enjoy a seamless homebuying experience, regardless of where you want to live.

Typically, a real estate agent will set up home showings, keep you informed about new residences as they become available and help you submit offers on houses. This housing market professional also will negotiate with a seller's agent on your behalf, guaranteeing that you can get the best price on any home, at any time.

Ready to kick off a successful home search? Connect with loved ones and a real estate agent and you can get the assistance that you need to find your dream house.




Categories: Buying a Home   buying tips  


Posted by Bo Lee on 8/5/2018

When it comes to making a good impression on prospective home buyers, small details can make a big difference! Not only do you want prospects to see your home as being clean, neat, and well organized, but it should also leave them with a good overall feeling.

Even though it can be a bit of a hassle to continually prepare your bathrooms for house showings, there's no bigger turnoff to prospective buyers than a grungy bathroom! Generally speaking, if people cringe at any aspect of your home (especially the bathrooms or kitchen), then they're probably not going to make an offer on your property.

In addition to making all fixtures and surfaces sparklingly clean, winning over potential buyers also involves making your home look inviting.

One thing many home sellers overlook is the condition of their bathroom towels and washcloths. If they're wet, bedraggled, or ragged looking, then that's going to send the wrong message to buyers. There are a variety of ways to overcome that, including putting out brand new, colorful towels that have never been used before (Just make sure to take off the store tags before putting them on display!).

If they're neatly folded and strategically placed, then they'll convey an impression of freshness, cleanliness, and neatness. Those are among the key qualities people want to see when they're considering buying your home. By making sure your house is well organized, uncluttered, and tastefully decorated, you're also giving the impression that you and your family take pride in the appearance and upkeep of your home. This is sure to score many Brownie points with potential buyers!

Besides ragged-looking towels, another subtle, but powerful turnoff for buyers is old-looking curtains. Although you may be so accustomed to your old curtains that you don't even notice or see them any more, there's a good chance they'll stand out like a sore thumb to other people! If the appearance of your curtains degrade the rest of the room, then that one aspect could literally be a deal killer. As the expression goes, "A chain is only as strong as its weakest link." People may not know exactly why they weren't favorably impressed with your home -- even though it met all their basic requirements --but it could be something as simple as grungy, faded, tattered-looking curtains, rugs, or towels. It's often an easy, relatively inexpensive fix, but you have to be aware of the problem before you can take corrective action.

Working with a real estate agent to help you present your home in its best light can make the process go much more smoothly and result in a faster sale. Experienced agents will also provide you with valuable advice, guidance, and marketing assistance that can favorably affect the actual selling price and the length of time your home remains on the market.





Posted by Bo Lee on 7/29/2018

Navigating the home selling journey can be difficult, regardless of whether you're an experienced or first-time property seller. Fortunately, we're here to help you limit the possibility of encountering home selling problems that otherwise may prevent you from achieving your desired results.

Now, let's take a look at three tips to help you avoid risks during the home selling journey.

1. Learn About the Housing Market

What sets your residence apart from others on the real estate market? Ultimately, if you allocate time and resources to learn about the local real estate sector, you can promote your residence to the right groups of prospective buyers.

Take a look at the prices of homes that are similar to your own and are located in your city or town. With this real estate market information, you can narrow the price range for your residence.

Also, check out the prices of recently sold houses in your area and find out how long these homes were available before they were sold. This real estate market information will enable you to determine whether you're about to enter a buyer's or seller's market.

2. Establish an Aggressive Price for Your House

An aggressive initial home asking price can be a difference-maker during the home selling journey. Because if you have an aggressive asking price in place for your home, you could boost the likelihood of a fast house sale.

Conducting a home appraisal enables you to understand the value of your house based on its age, condition and the current state of the housing market. This appraisal is performed by a property expert, and it may help you establish an aggressive initial home asking price from day one of the home selling journey.

In addition, it may be beneficial to complete a home inspection. If a home inspector analyzes your residence both inside and out, he or she can help you identify potential problems. Then, you can perform various home upgrades to boost the value of your home.

3. Remain Flexible

The home selling journey typically varies from seller to seller. However, if you remain flexible as you proceed along this journey, you may be better equipped than other home sellers to identify and address problems before they escalate.

If you require extra assistance during the home selling journey, you may want to hire a real estate agent as well. This housing market professional can guide you along the home selling journey and take the guesswork out of listing your residence.

A real estate agent will help you add your residence to the housing market, promote your house to potential buyers and set up open house events and home showings. Plus, if you receive an offer to purchase your residence, a real estate agent will help you review this proposal and make an informed home selling decision.

Avoid problems throughout the home selling journey use the aforementioned tips, and you can quickly detect and resolve any potential home selling issues.





Posted by Bo Lee on 7/22/2018

As a home seller, you want your house to spark interest among large groups of interested homebuyers. That way, you'll be better equipped to reap the benefits of a fast sale. Ensuring your home sells quickly, however, can be a time-consuming process. Fortunately, we're here to help you speed up the process of selling your home. Here are three tips that you can use to accelerate the home selling process: 1. Focus On Improving Your Home's Curb Appeal. What do homebuyers think when they see your house for the first time? Ultimately, your house's curb appeal can make a world of difference in the eyes of homebuyers and may help you speed up the process of finding prospective homebuyers as well. You don't need to break your budget to boost your house's curb appeal, either. In fact, simple home maintenance such as mowing your front lawn, pressure-washing the front walkway and even polishing the doorknob on your front door can help your house stand out to homebuyers. 2. Depersonalize Your Home. The photographs, antiques and treasured art that fill your home serve as wonderful decorations, but you should put these items in storage to depersonalize your residence while you sell your home. By doing so, you'll be able to ensure your personal items remains safe and can make it easier for homebuyers to envision what life could be like if they purchase your residence. Typically, homebuyers will evaluate the "potential" of your house during a home showing. And if your home is filled with personal items, it may become exceedingly difficult for homebuyers to imagine a future in which they buy your home. Dedicate the necessary time and resources to depersonalize your house before you add it to the real estate market. Because if you're able to depersonalize your residence as much as possible, you'll be better equipped to speed up the home selling process. 3. Employ a Friendly, Experienced Real Estate Agent. Selling a home can be tricky, but a friendly, experienced real estate agent will help you streamline the process of selling your house. Thus, this professional will ensure you're able to maximize the value of your home and improve your chances of a quick sale. For instance, a real estate agent can share information about your home with a broad array of homebuyers without delay. This professional also can provide homebuyers with high-quality photographs of your home and any other information they need to help them become more comfortable with submitting an offer on your house. Perhaps best of all, a real estate agent works for you and is ready to answer any of your concerns or questions. As such, your real estate agent serves as a dependable resource who can guide you through each step of the home selling process. When it comes to selling your residence, don't take any chances. Instead, use the aforementioned tips, and you'll be better equipped to generate significant interest in your house.







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