Donna Coffin - ERA Key Realty Services - Distinctive Group



Posted by Donna Coffin on 12/15/2017

Finding your dream home can be an uphill climb, one that may prove to be both costly and time-consuming. Fortunately, real estate agents are available that can help you discover your ideal residence without delay. There are many great reasons for a homebuyer to work with a real estate agent, including: 1. Industry Insights A real estate agent understands the lay of the land, and as such, can offer insights that you might struggle to find elsewhere. For example, a real estate agent likely works with peers to understand the homes available in certain areas. As a result, this professional may be able to offer comprehensive insights into areas where home values are rising and declining. Furthermore, a real estate agent is happy to share his or her industry insights with homebuyers to help these buyers simplify the process of finding the right residence at the right time. 2. Broad Reach A real estate agent may be able to help you explore recently listed homes, houses with prices that recently were reduced and other residences that meet your criteria. Typically, a real estate agent will work with you to understand your wants and needs and help you extend the scope of your home search. And ultimately, working with this real estate agent will ensure that you can discover a wide range of great homes that will fit your lifestyle perfectly. For homebuyers who want to expand their real estate searches, collaborating with a real estate agent is ideal. With this agent at your disposal, you'll be better equipped to find a vast assortment of houses that deliver exactly what you want and need. 3. Support with Home Sellers As a homebuyer, how will you approach a situation where you want the home seller to complete repairs before you move into your new residence? This can be an extremely tough situation for any homebuyer, but those who hire a real estate agent won't have to worry about dealing with this scenario on their own. Comparatively, working with a real estate agent ensures that you have a friendly, hardworking real estate professional at your side, one who will help you take the guesswork out of the homebuying process. A real estate agent will serve as the liaison between you and a home seller. Thus, any time you need repairs before you finalize the purchase of a new residence, your real estate agent will work with the home seller to ensure these tasks are completed quickly and efficiently. Many real estate agents are available to homebuyers, and finding real estate professionals who possess the skills and know-how to help you discover your dream home can be quick and simple. In fact, homebuyers who evaluate the real estate agents in their area are sure to find a great agent to work with at any time. Choose a real estate agent to guide you along the homebuying process. By doing so, you may be able to speed up your search for the perfect residence and find a home that meets all of your criteria immediately.





Posted by Donna Coffin on 12/8/2017

A home showing may prove to be exceedingly valuable, regardless of whether you're actively searching for a residence or preparing to enter the real estate market. In fact, there are many reasons to schedule a home showing, and these include:

1. You think a home may be right for you.

If you review a home listing and feel a house may be your dream residence, it never hurts to set up a home showing. By visiting a residence, you can get an up-close look at a house and determine whether this home is right for you.

Ultimately, the only thing that a home showing will cost you is time. If you find that a home matches or exceeds your expectations, you can always submit an offer on this residence after a showing. Conversely, if a home falls short of your expectations during a showing, you can continue your search for your ideal house.

2. You are interested in learning about the local housing market.

Let's face it Ė the housing market can be tricky to navigate, particularly for those who intend to purchase a home for the first time. Luckily, a home showing offers a commitment-free opportunity to examine a residence and learn about the local real estate market.

Typically, a home showing allows you to review a house in-person and ask questions about this residence. Once the showing is complete, there is no obligation to move forward with a home purchase. Instead, you can assess your homebuying options and proceed accordingly.

3. You want to narrow your home search.

Although you know that you want to buy a house, you still have lots of ideas about what you want from your ideal residence. Thankfully, a home showing gives you an opportunity to walk through a house and determine what you like and don't like. And even if you decide not to proceed with a home offer, you can use the insights from a home showing to hone your house search.

If you need help setting up a home showing, you may want to reach out to a local real estate agent sooner rather than later. Because if you have a real estate agent at your side, you can check out a wide range of residences and boost the likelihood of discovering your dream home.

A real estate agent can help you get ready for a home showing and offer plenty of insights into the housing market. This professional also will walk through a house with you during a showing and is prepared to respond to any concerns or queries. Perhaps best of all, if you want to submit an offer on a house after a showing, a real estate agent will make it simple to put together a competitive homebuying proposal.

Make your homeownership dream come true Ė attend a house showing, and you can increase your chances of finding a terrific residence that you can enjoy for years to come.




Tags: Buying a home   showing  
Categories: Uncategorized  


Posted by Donna Coffin on 10/27/2017

Let's face it Ė even though many great homes are available, securing your dream house at the best price can be extremely difficult due to the sheer volume of homebuyers. Lucky for you, we're here to help you stand out from the competition so you can purchase your ideal home at a price that matches your budget.

What does it take to differentiate yourself from the homebuying competition? Here are three tips to help homebuyers gain a competitive edge over rivals:

1. Submit a Competitive Offer

There is no time for hesitation in a highly competitive real estate market. Thus, if you see a home that you like, be ready to submit a competitive offer immediately.

With a competitive offer, you can improve your chances of securing your dream home in no time at all. This offer shows that you are serious about purchasing a residence Ė something that may help your proposal stand out from others. Plus, a competitive offer will be based on housing market data and research, ensuring that your proposal will meet your needs as well as a home seller's.

Furthermore, if a home seller counters your initial offer, be ready to negotiate. Keep an open mind, and ultimately, you may be able to land your dream house quickly and effortlessly.

2. Get Pre-Approved for a Mortgage

Getting pre-approved for a mortgage enables you to establish realistic expectations before you begin your search for your perfect home.

Check out what various credit unions and banks have to offer prior to agreeing to mortgage terms. By doing so, you can find a mortgage that will correspond with your finances.

With a mortgage in hand, you can start your home search. Be sure to explore lots of houses that fall within your price range. And when you're ready to submit an offer, a home seller may be more likely to accept your proposal thanks in part to the fact that you have already secured financing.

3. Employ an Experienced Real Estate Agent

Real estate agents possess plenty of housing marketing knowledge and expertise. Therefore, they can help you streamline the process of securing the perfect residence.

Finding a real estate agent who understands the ins and outs of the housing market is paramount. This real estate professional will keep you informed about new houses in your area as they become available, set up home showings and even help you submit competitive offers on residences. In addition, if you're ever uncertain about how to proceed, your real estate agent can offer guidance and tips throughout the homebuying journey.

Perhaps best of all, your real estate agent will respond to your homebuying concerns and queries. He or she is happy to help you in any way possible and will ensure that you can differentiate yourself from the homebuying competition.

Hire an experienced real estate agent, and you can gain a competitive edge that is sure to serve you well in any housing market, at any time.




Categories: Uncategorized  


Posted by Donna Coffin on 10/20/2017

Finding a home can be intimidating, particularly for first-time homebuyers. As such, you'll want to conduct an extensive search, do plenty of research along the way and ensure any residence you check out meets all of your needs. Ultimately, you'll want to make an informed home purchase. And in order to do so, here are three factors that you'll want to consider: 1. The Current Real Estate Market Do you know the difference between a buyer's market and a seller's one? If not, you may be in trouble, especially if you hope to find a bargain on the real estate market. Real estate prices may fluctuate depending on a variety of factors, including the national economy and supply and demand for houses in a particular area. Thus, you'll want to be thorough and learn as much as possible about the real estate market in your area. Examining the prices of houses in a particular area is valuable, as this will enable you to see what previous homebuyers paid for residences over the past few months. Also, you should meet with a real estate agent who will be able to provide you with extensive housing market data that can help you make the best decision. 2. Your Budget Let's face it Ė a starter home may be one of several residences you own in your lifetime. As a result, it should serve as a viable residence that you can enjoy for at least a few years, then allow you to move on to a bigger and better house. When it comes to searching the real estate market for a starter home, you'll want to take a close look at your budget. By doing so, you'll be able to determine the maximum amount that you can afford for a starter residence and explore homes within a set price range. To establish a budget, you should consult with a lender and try to get pre-approved for a mortgage. That way, you'll know what you can afford, be able to improve your chances of purchasing a starter home that fits your budget and accelerate the process of finding a new place to live. 3. Your Must-Haves Although a starter home is commonly viewed as a short-term residence, there's no reason to settle for a subpar residence. Instead, you can make a list of must-haves and wants for your new home and explore the real estate market for a residence that fulfills your needs. Your must-haves are essentials, i.e. things like central air if you want to move to a warm-weather climate. On the other hand, wants may include things like a swimming pool and other non-essential features. Differentiate your must-haves from your wants by deciding exactly what you need from a starter home. Crafting a list of must-haves and wants will help you determine what is important to you and make it easier to search for residences that meet your homebuying criteria. Use the aforementioned tips to avoid the stress commonly associated with buying your first house, and you should have no trouble finding a great starter residence quickly and effortlessly.





Posted by Donna Coffin on 10/6/2017

Thereís numerous reasons why the name on a title to a home may not be the same as the name thatís on the mortgage loan. These reasons include:


  • Only one buyer had stable credit
  • Only one person was on the loan application
  • One person was released from the mortgage


No matter why this is the case, having your name on the mortgage but not on the title to a home can affect you and people residing in the home in different ways. 


Why Would Only One Name Be On The Mortgage?


If people are looking to get a home or refinance a home, but only one person has good credit a decision must be made. For the best possible mortgage rates, youíll want to person with the best credit to be the primary loan holder. This may mean that you need additional legal documents in the process.  


The person with lower credit may still be able to have their name placed on the title to the home. Anyone who plans to contribute financially to a home, even if not on the mortgage, should place their name on the title. This would be one instance when a name would be on the title to a home and not on the mortgage loan. In this case, a person has property rights, but no legal-financial responsibility to the home. Itís important to agree on the home arrangement that youíre considering. This would be done through a will or a legal contract. This way, all parties are protected in regards to the ownership of the home should something happen to the individual whose name is on the mortgage.


Legal Things To Consider


Those who are listed on the mortgage are the people who are responsible for house payments. If a personís name isnít on the mortgage, it doesnít release them from complete responsibility from the home. If your name is on the title to the home but not on the mortgage, the bank generally has first dibs on the home if thereís a lapse in payments. If you want to keep living in the house, youíll have to keep making payments on the home. If you canít make the mortgage payments, youíll risk going into foreclosure. 


Taxes


An issue that can come up if your name is not on the mortgage is that you cannot use the home youíre living in as a tax deduction. Even if you make payments on the home, in order for you to get tax benefits, your name must be on the mortgage stating that youíre legally responsible for the home. If you are paying for the mortgage because your name appears on the title to the home, you arenít legally entitled to pay, giving away your rights to tax benefits. If youíre married, filing jointly, and only one name appears on the mortgage, however, you can use this as a tax deduction. This becomes an issue if two unmarried people buy a home together.  


Ask For Legal Assistance


Whenever you have an issue with the title of your home or with names on the mortgage, itís good to consult legal counsel. The attorney can assist you in determining who is legally responsible for the home and if the people listed on the title of the home are correct. This can help save you from trouble at a future date.


Since credit scores and loans can get messy at times during the home buying process, itís good to understand all the implications of home mortgages and titles.




Tags: Buying a home   mortgage  
Categories: Uncategorized