Lynn D'Avolio
J. Barrett & Company | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 7/2/2019

Looking to buy a house without having to break your budget? Put together a homebuying roadmap, and you can increase your chances of finding a top-notch house that falls within your price range.

Ultimately, there are many things to consider as you put together a homebuying roadmap, such as:

1. Your Dream Home Definition

Differentiate your dream home must-haves from your wants Ė you'll be glad you did. If you can determine exactly what you want to find in your dream house, you can narrow your home search accordingly.

For example, if you need a home with multiple bedrooms to accommodate your entire family, you should include this information near the top of your homebuying roadmap. You then can kick off a search of multi-bedroom homes and move closer to finding your ideal residence.

2. Where You Want to Live

Do you enjoy life in the big city? Or, would you prefer to settle down in a small town? Think about where you would like to call home so that you can effectively plan your homebuying journey.

Ideally, you should try to refine your home search to a small collection of cities and towns. This will enable you to speed up your home search and ensure you can find a house that suits you perfectly.

Keep in mind your day-to-day activities as you consider where you want to live too. For instance, if you work in the city, you may want to pursue houses in or near the city itself. On the other hand, you may be able to purchase a small town home for less than what you would have to pay for a city residence and commute into the city for work.

3. Your Homebuying Timeline

Determine how quickly you'd like to finalize a home purchase. That way, you can map out exactly how you want to approach the housing market.

If you are committed to buying a house as soon as possible, you'll need to be proactive. The top houses sell quickly, and if you don't act fast, you risk missing out on your dream residence to a rival homebuyer.

Conversely, if you can afford to be patient, you can avoid pressure throughout the homebuying process. In this scenario, you can pursue houses at your convenience. And once you find the right home, you can submit an offer and finalize your home purchase.

When it comes to creating a homebuying roadmap, it generally helps to get support from a real estate agent. In fact, this housing market professional can provide plenty of assistance throughout the homebuying journey.

A real estate agent will learn about your homebuying goals and help you develop a successful homebuying roadmap. Furthermore, he or she can keep you up to date about new homes as they become available and make it easy to discover a wonderful residence at a budget-friendly price.

Ready to get started on the process of purchasing a house? Consider the aforementioned items as you create a homebuying roadmap, and you can plan a successful homebuying journey.




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Posted by Lynn D'Avolio on 6/11/2019

Entering the real estate market and buying your dream home may seem simple at first. However, problems may arise that make it tough to secure your ideal house at a price that matches your budget.

When it comes to finding the right home at the right price, it helps to prepare. Fortunately, we're here to help you get ready to enter the housing market and ensure you can quickly and effortlessly discover your dream residence.

Now, let's take a look at three tips to simplify the homebuying process.

1. Create Homebuying Criteria

Purchasing a house is rarely easy, particularly for a property buyer who has no idea how to kick off a home search. But if you establish homebuying criteria, you can speed up the process of going from homebuyer to homeowner.

Allocating time and resources to create homebuying criteria is essential because it forces you to consider where you want to live and what amenities you want to find in your dream residence. Plus, once you have homebuying criteria at your disposal, you can start your home search and move one step closer to acquiring your ideal residence.

2. Obtain Home Financing

Home financing is paramount, particularly for property buyers who want to avoid the risk of spending too much to purchase a house. Thankfully, banks and credit unions can teach you about a variety of mortgage options and help you secure the financing you need to buy a home.

Typically, a lender will meet with you and outline your mortgage options. It also will explain the differences between fixed- and adjustable-rate mortgages and respond to any of your mortgage concerns and questions. Then, after you review your mortgage options, a lender will help you make an informed home financing decision.

Don't wait to get home financing, either. If you have home financing in hand when you launch a home search, you may be better equipped than other buyers to quickly submit an offer to purchase a home.

3. Work with a Real Estate Agent

For those who want to avoid challenges throughout the homebuying journey, it generally is a good idea to collaborate with a real estate agent. In fact, a real estate agent will do everything possible to help you identify and resolve homebuying problems before they escalate.

A real estate agent is a housing market expert and is happy to assist you as you proceed along the homebuying journey. If you are interested in houses in specific cities and towns, a real estate agent will keep you up to date about residences that become available in these areas. Or, if you want to submit an offer to purchase a house, a real estate agent will help you put together a competitive homebuying proposal. Best of all, if you have homebuying concerns, a real estate agent will address them right away.

Ultimately, buying a house can be easy. Use the aforementioned tips, and you can streamline the homebuying cycle.




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Posted by Lynn D'Avolio on 5/28/2019

The kitchen is one of the busiest rooms in a home. Not just a place to cook meals itís also often the entrance to a home and where families gather together at the end of the day. Arguably, itís also the most important room in the home and the one home buyers should be most astute of.

The kitchen is one of the most expensive rooms to remodel ranging between $20,000 and $50,000. Whether youíre eager for some renovation projects or looking for a move-in ready home, youíll want to assess the level of work this room will need as your shop potential houses.

Start with perhaps the most obvious - is the room large enough for your daily needs? Is there plenty of counter space or room to expand cabinetry? Do you have a lot of kitchen tools that call for plenty of storage space or perhaps prefer an island to prep dinner at? Know what your ideal kitchen space ahead of time, especially if it is a priority, so your realtor can help you find the perfect fit.

Check that all appliances to ensure they are in working order as per the disclosure statement claims. Appliances are a big expense and youíll want to have a good idea of what will need replacing or to be installed. Consider if they are an easy color to match when it comes time for replacement and if any are under warranty.

Youíll also want to examine the cabinetry. Check to ensure all drawers and cabinets are properly aligned and open smoothly. If they are wooden cabinets you can easily swap out hardware or change the color if youíre not a fan of the current style. However, other materials are not as convenient so consider replacement costs if youíre unhappy with the current installation.

Countertops can be another major expense. Have the granite countertops been properly taken care of? If they are laminate are they scratched or chipped? If this isnít an upgrade youíre looking to make, be sure to look closely at what each home already has in place.

Kitchens are one of the busiest rooms in your home, especially if you love to cook. Check flooring for loose tiles, discoloration or poorly maintained wood flooring. This tells you a few things. Firstly, the quality of the materials used to build the home. And secondly, how well the house has been maintained over time.

Remodeling isnít on everyone's list when house shopping. And with kitchenís being one of the most expensive to renovate, this is one room you want to pay extra attention to as you view each potential home. Happy house hunting!




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Posted by Lynn D'Avolio on 5/21/2019

If you discover a house that you want to buy, it generally is a good idea to submit a competitive offer. That way, you can move one step closer to acquiring your ideal residence.

However, the hours after you submit a home offer can be stressful, particularly for a buyer who fails to plan accordingly. Lucky for you, we're here to help you stay calm, cool and collected as you wait to receive a seller's response to your offer.

Let's take a look at three tips to help you get ready to handle a seller's response to your homebuying proposal.

1. Plan for the Worst-Case Scenario

Even the worst-case scenario is not the end of the world for a buyer who is awaiting a seller's response to a home offer. In fact, if a seller rejects your proposal, you can always reenter the housing market and continue your pursuit of your dream home.

As you await a seller's response to your home offer, you should not stop searching for available houses. Because if you continue your home search, you'll have no trouble moving forward in the homebuying journey if a seller rejects your home offer.

2. Consider All of Your Options

If you submit a home offer and a seller says "Yes," what should you do next? Consider how you'll proceed if a seller accepts your proposal, and you'll be better equipped than ever before to enjoy a seamless homebuying experience.

On the other hand, it helps to prepare for a potential counter-offer from a home seller as well. If you are open to negotiating with a seller, you may be able to find common ground with him or her and finalize a home purchase.

3. Consult with a Real Estate Agent

A real estate agent knows all about the stress that is commonly associated with submitting a homebuying proposal. He or she can help you minimize this stress and ensure you can achieve the best-possible results throughout the homebuying journey.

Typically, a real estate agent will work with you to submit a homebuying proposal. This housing market professional then will keep you up to date as you await a seller's response to your offer. And if you have any concerns or questions during this time, a real estate agent is happy to respond to them.

A real estate agent will make it simple to streamline the homebuying journey too. For instance, if a home seller accepts your offer, a real estate agent will be ready to help you move forward with a property inspection and appraisal. Conversely, if a home seller rejects your proposal, a real estate agent will be prepared to work with you to help you discover another house that matches or exceeds your expectations.

The waiting period after you submit an offer on a house may prove to be a challenging time. Fortunately, if you plan ahead for this period, you can maintain your confidence and continue to move forward in the homebuying journey.




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Posted by Lynn D'Avolio on 5/14/2019

For many individuals, the homebuying journey often begins with getting pre-approved for a mortgage. Because if a buyer has a mortgage, he or she can enter the real estate market with a budget in hand.

Ultimately, there are many signs that now may be the perfect time to apply for a mortgage, and these include:

1. You're ready to upgrade from an apartment to a home.

If you're tired of paying monthly rent for an apartment, purchasing a house offers a viable alternative. And if you get pre-approved for a mortgage, you can move one step closer to moving from an apartment to a house.

In most instances, a home offers a significant upgrade over an apartment. Many residences are available in cities and towns nationwide that offer more space than apartments. Plus, as a homeowner, you won't have to worry about dealing with a landlord.

2. You feel good about your credit score.

If you have a strong credit score, you likely are a great candidate for a mortgage. In fact, you may be better equipped than others to get a favorable interest rate on the mortgage of your choice.

Understanding your credit score is a key part of the homebuying journey. You can request a free copy of your credit report annually from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). Then, once you find out your credit score, you can determine whether you are in good shape to pursue a mortgage.

3. A buyer's market is in place.

In a buyer's market, there usually is an abundance of top-notch houses and a shortage of buyers. This means a homebuyer may be able to get a wonderful deal on a house, especially if he or she performs a comprehensive house search.

To find out whether a buyer's market is in place, you should check out the prices of recently sold houses in your area. Also, you may want to find out how long recently sold houses were listed before they sold. By reviewing this housing market data, you can differentiate a buyer's market from a seller's market and decide whether now is the right time to apply for a mortgage.

If you're interested in getting a mortgage and starting a house search, you may want to hire a real estate agent too. Because if you have a real estate agent at your side, you can receive extensive support at each stage of the property buying journey.

A real estate agent will teach you everything you need to know about pursuing a house. He or she will offer insights into the local housing market and ensure that you can conduct a successful house search. And if you ever have concerns or questions along the way, a real estate agent is ready to respond to them.

Want to launch a home search? Get pre-approved for a mortgage, and you can take the first step to acquire your ideal residence.




Tags: Buying a home   Mortgage  
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