Joel Margolis - J. Barrett & Company | Beverly, MA Real Estate, Salem, MA Real Estate


When it comes to purchasing a home, there is no need to settle for an "average" homebuying experience. Instead, there are many things that you can do to become an expert homebuyer, i.e. someone who can discover a first-rate house at a budget-friendly price.

Now, let's take a look at three ways that a "typical" homebuyer can become an extraordinary one:

1. Evaluate the Housing Market Closely

The housing market can be complicated, particularly for those who are searching for a house for the first time. Fortunately, an informed homebuyer will be able to identify real estate market trends and plan accordingly.

For example, if there is an abundance of houses available and a shortage of homebuyers, you likely are operating in a buyer's market. In this market, you should have no trouble locating a top-notch house at a price that corresponds to your budget.

On the other hand, a real estate market that features a limited number of outstanding houses commonly favors property sellers. Therefore, you'll need to proceed cautiously if you want to acquire a high-end house at an affordable price.

Of course, you should always check out a wide range of houses in cities and towns where you'd like to live. This will enable you to explore many houses and improve your chances of finding a residence that matches or exceeds your expectations.

2. Get Your Finances in Order

Although you'd like to buy a home in the near future, you still need to figure out how you'll pay for it. Lucky for you, many credit unions and banks are available that can make it easy for you to get pre-approved for a mortgage.

Lenders are happy to meet with you at your convenience. These financial institutions can outline a variety of mortgage options and help you make an informed mortgage decision.

With a mortgage in hand, you can enter the real estate market with clear-cut financial expectations. This may help you avoid the temptation to overspend on a home. Plus, you'll be better equipped than other property buyers to narrow your home search, thereby accelerating the process of acquiring your ideal house.

3. Work with a Real Estate Agent

A real estate agent is a housing market professional. As such, he or she can help you simplify the process of going from homebuyer to homeowner.

For homebuyers, hiring a real estate agent is essential. This housing market professional can keep you up to date about new properties as they become available, set up home showings, submit home offers on your behalf and much more.

Perhaps best of all, a real estate agent is available to respond to your homebuying concerns and queries at any time. He or she will even provide homebuying recommendations to ensure you can navigate the property buying cycle quickly and effortlessly.

Ready to become an expert homebuyer? Use the aforementioned tips, and you can streamline the process of acquiring a terrific home that you can enjoy for years to come.


One of the biggest hurdles in becoming a homeowner is that of saving for a down payment. In today’s world, it’s hard for anyone to save sizable amounts of money due to the extreme cost of living in most areas. With less income and higher expenses, many people have less of an opportunity to save money.


Saving Isn’t Impossible


Many homebuyers are first-time homebuyers. While many simply dream of owning a home, others work to make it happen. Saving money is a goal. Once you save the money, you have made a real accomplishment. You’ll have a huge reward waiting for you once you reach your goal. How can you save effectively? There’s a few simple steps that will allow you to start saving for a down payment on a home. Remember that no matter how slow you go, every step is one step closer to hitting your goals. 


Get A Savings Account


Preferably, the savings account that you open should be dedicated to your house expenses. Most of the time, your bank will allow you to set up automatic transfers from your checking account. See how much you can afford to save and set up these transfers. Each time you get a paycheck from work, have a certain amount put right into the savings account. You’ll be saving without even thinking about it.


Be Budget Friendly


Budgeting sounds complicated, but really, it’s quite simple. First, put your monthly gross income on a spreadsheet. Then subtract things like taxes and fees that come out of your paycheck. Next, subtract all of your necessary monthly costs. These can include student loan debt, car loans, rent, and how much money you spend on food and entertainment. There's so many little things that we spend our money on everyday, you may be surprised to see how much you’re spending and what you’re spending it on. Some categories are important and others are not.       


See Where You Can Cut Costs


After you have made a concrete budget, see where you can cut some costs. If you need to cut out going to dinner and the movies, then do that. There’s bound to be something that you can cut out of your budget that’s not a necessity that can help you to save some cash. The sacrifice will be worth it in the end!       


Indulge For Your House


Every time that you get a small bonus, a gift, or a tax refund, put it away. It can be tempting to want to go buy a brand new TV or spend your money on entertainment, but saving that money for your house fund will be a lot more rewarding. 

The bottom line is that it won’t be a huge task saving your money for a down payment once you put your mind to it. Happy saving!


The real estate market is filled with many high-quality residences, and after a comprehensive search, you've found a residence that fits your personal needs and budget perfectly. However, you may need to think twice before you submit an offer on this residence. There are many factors that homebuyers should consider before they make an offer on a house, including: 1. Neighborhood Ideally, you'll want to find a home in a community filled with friendly neighbors. But in many cases, homebuyers may focus exclusively on a residence and ignore the neighborhood entirely. Taking a walk around a neighborhood often allows you to get a better feel about what it is like to live in a neighborhood and may give you a chance to meet some of the neighbors as well. Also, a simple walk around the block will provide you with a better idea about whether a house's value may rise or fall in the foreseeable future. For instance, a neighborhood filled with houses with well-maintained front lawns, nearby parks and schools and other local amenities may prosper for years to come, and home values may rise in this neighborhood over the next few years. 2. Crime No one wants to live in an unsafe area, and you can learn about crime near a prospective home before you submit an offer on a residence. Contacting a local police station usually is a great idea for homebuyers who want to find out about crime statistics in a particular area. Furthermore, your real estate agent can provide insights into crime in a specific area and help you determine whether a particular house is the best option. 3. Traffic Although your dream home features all of the amenities you want, it might fail to provide you with quick, easy access to your office day after day. For example, traffic can be a problem if your house is located in or near a major city. And if you need to travel to work every day, it is important to understand how traffic could affect your daily commute. To better understand traffic patterns in a particular area, try driving to a residence at different times during the day. By doing so, you can learn about traffic patterns near a house and be better equipped to make a more informed decision about whether to submit an offer on a residence. 4. Taxes You've been pre-approved for a mortgage and have established a monthly budget for a new home, but taxes may vary depending on where you move. Thus, you'll want to learn as much as possible about potential taxes that you could face at a new residence before you submit an offer. Taxes may add up quickly, but homebuyers who budget accordingly can minimize the risk that they'll fall behind on tax bills. And with support from your real estate agent, you can learn about taxes that you may encounter if you purchase a particular residence. If you're fully satisfied with a residence after you consider the aforementioned factors, you'll be ready to submit an offer and move one step closer to moving into your dream house.

This Condo in Brookline, MA recently sold for $535,000. This Garden,Mid-Rise style home was sold by Joel Margolis - J. Barrett & Company.


22 Chestnut Place, Brookline, MA 02445

Condo

$549,900
Price
$535,000
Sale Price

3
Rooms
1
Beds
1/1
Full/Half Baths
"GARAGE PARKING" is deeded to this special best of all available units giving it REAL ADDED VALUE. Bright and Sunny with huge windows, this 3+ room,1 bedroom unit offers 1.5 baths.This high demand unit is located in Sargent Estates in a professionally maintained setting with pool and expanded grounds.The owner has remodeled the now granite kitchen with stainless appliances plus 2 new outstanding bathrooms. The open floor plan layout is now freshly painted and the beautiful parquet floors shine like new. Casually dine at the breakfast bar or spread out in the expandable dining area. Huge master bedrm with en-suite bath also offers walk-in closet & second closet.This 1st floor unit actually sits a full story above grade giving an expansive open outside view. Professionally managed with concierge & elevator. Nothing to do but move in. Huge function room,laundry,storage & guest parking. Convenient to shopping, medical facilities, restaurants and transportation. Buyer assoc. orientation req

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Selling a home can be a major hassle. Lucky for you, family members and friends may be able to lend a helping hand as you prep your house for the real estate market.

There are many reasons why you should include loved ones in the home selling journey, including:

1. Loved ones can help you promote your house to potential property buyers.

Family members and friends can share details about your home with large groups of potential homebuyers. That way, you can boost your chances of stirring up interest in your home as soon as your residence hits the real estate market.

Encourage family members and friends to promote your home via social media and word of mouth. If loved ones allocate plenty of time and resources to share information about your home with others, they may be able to help you get the optimal results during the home selling journey.

2. Loved ones can help you complete assorted home improvement projects.

Although your home may look great both inside and out, there may be minor property improvement tasks that you need to complete before you add your house to the real estate market. Fortunately, loved ones may be able to help you finish assorted home improvement tasks.

Family members and friends may be able to assist you as you clean your house. They might even be able to take excess items off your hands so you can declutter your residence quickly and effectively.

Furthermore, loved ones may be able to offer expert recommendations for various home repair projects. And if you need major home repairs like roof maintenance or a complete backyard overhaul, family members and friends may be able to help you get in touch with the right home repair professionals.

3. Loved ones can help you minimize stress at each stage of the homebuying journey.

The process of selling a home can be long and arduous, especially for those who choose to embark on the home selling journey alone. However, loved ones can help you stay calm, cool and collected throughout this journey, regardless of what happens.

Family members and friends are happy to support you in any way possible. As such, they will listen to your home selling concerns and queries and ensure you can minimize stress time and time again.

Also, loved ones may be able to provide home selling insights that you might struggle to receive elsewhere. If family members or friends have sold homes in the past, they can offer guidance to help you streamline the home selling journey.

If you need extra help with selling your home, don't hesitate to reach out to a real estate agent, either. This housing market professional understands the ins and outs of the real estate sector and will help you generate substantial interest in your property.

Ready to add your house to the real estate market? Get your loved ones involved in the home selling process, and you can move one step closer to optimizing the value of your residence.




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