Ned Mahoney's Blog
You know you want to make your homeownership dream come true sooner rather than later. At the same time, you still have no idea about how you'll acquire a great house at a budget-friendly price.
Navigating the housing market can be tricky, especially for those who are operating with limited finances at their disposal. Lucky for you, we're here to take the guesswork out of the homebuying journey and ensure you can discover a wonderful residence at a price that won't break your budget.
Now, let's take a look at three tips to help you buy your dream house at the lowest-possible price.
1. Analyze the Housing Market
The real estate market may seem complicated at first. Fortunately, homebuyers who collect and review housing market data can become real estate experts in no time at all.
Ultimately, homebuyers who know the ins and outs of the real estate market may be better equipped than others to get the best price on a house. These buyers can identify patterns and trends within housing market data and determine whether they're operating in a buyer's or seller's market. Then, once a buyer finds his or her dream house, this individual can submit a competitive offer to purchase that meets the needs of all parties involved in a home sale.
2. Get Pre-Approved for Home Financing
Getting pre-approved for home financing allows you to enter the real estate market with a good idea about how much you can spend on a residence. Thus, you'll be able to determine exactly how much you can afford to pay for a residence – and avoid overspending on a house – if you obtain pre-approval for a mortgage.
To receive pre-approval for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ courteous, knowledgeable mortgage specialists who can teach you everything you need to know about home financing. That way, you can get the information you need to make an informed mortgage decision.
3. Collaborate with a Real Estate Agent
Hiring a real estate agent is essential for a homebuyer who wants to purchase his or her dream house at the right price. In fact, a real estate agent will go above and beyond the call of duty to ensure that you can avoid paying too much for your ideal residence.
Typically, a real estate agent will meet with you and learn about your homebuying goals. He or she next will craft a personalized homebuying strategy, one that allows you to quickly and effortlessly discover a high-quality and affordable residence. After you find your ideal house, a real estate agent will help you put together a competitive offer to purchase too. And if a seller accepts your homebuying proposal, a real estate agent will guide you along the final stages of the property buying journey.
Ready to make your homeownership dream a reality? Use the aforementioned tips, and you can find a top-notch house at a price that matches your budget.
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Purchasing a condo should be fast and easy. However, negotiations with a condo seller can quickly become stressful and may put your chances to acquire your dream condo in danger.
Lucky for you, we're here to help you simplify the process of negotiating with a condo seller to ensure you can purchase your ideal property.
Here are three tips to help you navigate tough negotiations with a condo seller.
1. Consider the Condo Seller's Perspective
Think about the condo seller's perspective and try to find common ground with this individual. By doing so, you and the condo seller may be able to agree to terms that meet the needs of both sides.
When you initially submit an offer on a condo, ensure your proposal accounts for the condo's condition and the current state of the real estate market. That way, you'll be able to avoid the risk of submitting a "lowball" offer that falls below a condo seller's expectations.
Also, maintain open lines of communication throughout the negotiation process. This will allow you to listen to a condo seller's concerns and respond accordingly.
2. Collect Plenty of Housing Market Data
If a condo seller believes you are unwilling to pay a sufficient price for his or her condo, it is always a good idea to present housing market data to back up your offer.
Explore the housing market closely to learn about the prices of comparable condos in nearby cities and towns. This will allow you to see how a particular condo stacks up against similar properties in terms of price and condition.
In addition, check out the prices of recently sold condos in your area to identify housing market patterns and trends. With this real estate market information at your disposal, you'll be able to make an informed decision about whether to continue to negotiate with a condo seller or consider other properties.
3. Collaborate with a Real Estate Agent
A real estate agent will negotiate with a condo seller on your behalf. Therefore, he or she will help you minimize the stress and anxiety that is commonly associated with condo negotiations.
Typically, a real estate agent will submit an offer on a condo and wait to hear back from a condo seller. If a condo seller decides to negotiate, a real estate agent will work with you throughout the negotiation process.
A real estate agent will listen to your condo buying concerns and questions and respond immediately. He or she also will provide honest, unbiased recommendations to help you make informed decisions during negotiations with a condo seller. This real estate professional will even share your concerns with a condo seller to help you get the best results possible.
When it comes to a negotiating with a condo seller, there is no need to worry. If you collaborate with a real estate agent, you can take the guesswork out of condo negotiations. And ultimately, you may be able to move one step closer to buying a condo that meets or exceeds your expectations.
Sky at dusk is how Pantone describes classic blue, their 2020 color of the year. Restful and tranquil, a bold color such as classic blue gives the eye a place to rest as it travels around a space, which makes it ideal for accent items such as throw pillows, wall art or drapes. But, for the brave at heart, classic blue makes a suitable wall color for large rooms, too. And as an exterior paint, it can make your home look like a cover of Coastal Living. Classic blue evokes a nautical mood, indicative of long summer weekends by the bay, and that's never a bad thing. If you're longing to incorporate Pantone's 2020 color of the year into your home palette, here's what we suggest.
Highlight an Architectural Feature
By using classic blue to highlight a single fireplace or a column, you bring importance to that piece without overwhelming an already dark room with an even darker wall color. Architectural features include:
By painting only the most important elements in your space in classic blue, you'll help them become focal points, which is what they were always intended to be.
Paper an Accent Wall
Wallpaper is making a comeback this year, and what better way to feature classic blue than on an accent wall papered with a patterned print, like this one at Elle Decor? Bold, yet contained, classic blue patterned wallpaper is simply luxurious.
Modern wallpaper can be adhered with paste, or it may contain adhesive on the back of the paper that becomes activated in water. Peel-and-stick paper is another option that's gaining popularity. Depending upon your level of skill, hanging wallpaper may be an easy DIY project. But if you have little experience with pasting or booking, or if you don't know how to make sure the paper hangs plumb, professional installation might be a better approach.
Upholster a Chair
Classic blue upholstery fabric, like these fabrics featured in Traditional Home, is a unique way to introduce this bold color into your home decor. Whether patterned or solid, upholstered furniture brings comfort and texture to your space. Additionally, upholstering a headboard or the top of a cedar chest adds depth and personality to a bedroom.
Of course, true lovers of the rich, classic blue color always have the option of painting entire rooms or house exteriors. When done well, with an eye for design, this can be quite beautiful. Dark colors such as this work well to make large, cavernous rooms feel more cohesive. And as a home exterior, classic blue can lend nearly any style of home a beachfront feel.