Posted by Liberty Real Estate on 9/16/2020

Ready to acquire your dream house? Before you embark on a home search, it often helps to establish a homebuying wish list. That way, you can narrow your house search and discover your dream home without delay.

Now, let's take a look at three factors to consider as you craft your homebuying wish list.

1. Home Size

Home sizes vary. As such, you'll want to consider your living situation closely to ensure you can find a house in a size that suits you perfectly.

Remember, a three-bedroom house may be too big for a single person. Much in the same vein, a one-bedroom home is unlikely to meet the needs of a family of five. But if you consider your living situation ahead of time, you can determine what size home to buy.

2. Home Location

Do you want to own a house that is located just minutes from your office in the city? Or, would you prefer a home in a small town? Think about where you want to live, and you can tailor your home search accordingly.

Keep in mind that home prices will vary based on location. Oftentimes, houses in or near major cities are more expensive than similar homes in small towns. At the same time, homes close to top schools or attractions may prove to be more expensive than others.

3. Home Exterior and Interior Features

Consider the home exterior and interior features that you want – you'll be glad you did. If you evaluate home exterior and interior must-haves, you can create priorities as you search for your dream house.

For instance, buying a house that features a central air unit may be a top priority if you plan to relocate to a warm-weather region. On the other hand, you might want to purchase a house that features an in-ground swimming pool, but you can live without this outdoor amenity if necessary.

A homebuying wish list is essential, regardless of where you choose to pursue houses. In addition, if you require extra help as you get ready to enter the housing market, you may want to employ a real estate agent.

With a real estate agent at your side, you can boost your chances of acquiring a top-notch house at a budget-friendly price. A real estate agent will allocate the necessary time and resources to learn about your homebuying goals. Then, this housing market professional can help you streamline your home search.

Furthermore, a real estate agent will provide expert assistance throughout the homebuying journey. He or she will set up home showings, help you submit offers on homes and handle homebuying negotiations. And if you ever have homebuying questions, a real estate agent is happy to respond to them at any time.

Make your dream of purchasing a home come true – consider the aforementioned factors, and you can create a wish list to help you accomplish your homebuying goals.




Categories: Uncategorized  


Posted by Liberty Real Estate on 8/26/2020

For those who are on the lookout for a great house, it may be beneficial to explore homes in small towns. In fact, there are many reasons to pursue a small town residence, and these include:

1. You can avoid the hustle and bustle of big city living.

Purchasing a house in the city may prove to be difficult. In many instances, competition for houses near city attractions and landmarks is fierce. Also, owning a home in the city may require you to pay high costs for taxes, parking and more.

Comparatively, small town living often provides a breath of fresh air, particularly for those who want to avoid the hustle and bustle of a big city. Small town homes are available in a variety of sizes and styles. Perhaps best of all, purchasing a small town house typically won't force you to break your budget.

2. You can live close to loved ones.

If family members and friends live in a small town, it may be beneficial to join them. And if you kick off a search for a home in the small town of your choice, you can live near loved ones.

Of course, prior to starting a small town home search, you may want to learn about the local housing market. If you possess housing market data and insights, you can tailor your property buying strategy accordingly.

3. You can find a superior house at a budget-friendly price.

Small town homes may be more affordable than their big city counterparts. Therefore, a buyer who wants to find the best value for a home may want to narrow his or her house search to properties in small towns.

When it comes to searching for a small town home, there are lots of exceptional options available across the United States. As such, determining exactly where to pursue a small town home sometimes can be challenging.

Thankfully, hiring a real estate agent is a viable option for all buyers, at all times. A real estate agent can teach a buyer about the housing market in any small town. By doing so, this housing market professional can help a buyer take the guesswork out of finding and purchasing a small town residence.

A real estate agent is happy to provide plenty of assistance at each stage of the property buying journey. He or she will set up small town home showings and keep a buyer up to date about properties that match this individual's criteria. Plus, if a buyer finds his or her ideal small town residence, a real estate agent will help this individual submit a competitive offer to purchase.

For those who want to pursue a small town residence, there is no reason to work alone. If you hire a real estate agent today, you can receive extensive support as you conduct a search for a home in the small town of your choice.




Categories: Uncategorized  


Posted by Liberty Real Estate on 8/19/2020

Ready to buy a new home? Ultimately, there is no shortage of high-quality residences at your disposal.

For homebuyers, you'll likely need to conduct plenty of research to find your dream house. And as you begin your search for the ideal residence, you should consider a house's interior closely. By doing so, you'll be able to determine whether costly, time-intensive home interior repairs will be needed in the foreseeable future.

What does it take to assess a home's interior properly? Here are three questions that every homebuyer should ask when he or she evaluates a house's interior:

1. Does a home's interior match my personal style?

Do you prefer bold, vibrant home interior colors? Or, do you enjoy a subtle mix of light and dark colors? Consider your personal style as you study a house's interior, and you'll be able to decide whether a home's interior complements your individual preferences.

Remember, a home's interior might fail to meet your expectations. But keep in mind that there are plenty of fish in the sea. As such, you can explore a broad array of houses and should be able to find a residence with an interior that will make you smile.

2. Were recent home interior renovations completed?

Learn about any recent home interior renovations that were completed. That way, you can understand how much time a home seller has committed to improving a home's interior.

Also, if a home seller has performed myriad home interior improvements, try to find out when these renovations were finished.

As a homebuyer, information is key. With details about assorted home interior renovations, you may be better equipped than ever before as you decide whether a residence is right for you.

3. Am I comfortable with a home's interior?

A homebuyer should feel comfortable with a home's interior before he or she purchases a residence.

If you fall in love with a house's interior during a home showing, you may want to consider moving forward by submitting an offer on a house. On the other hand, if you find a home requires many home interior improvements, you may want to consider exploring other houses that are available.

For homebuyers who are on the fence about a home, a real estate may be able to help. This housing market professional can offer expert insights into a house that you may struggle to obtain elsewhere, ensuring you can make an informed decision about a residence.

Furthermore, a real estate agent can take the guesswork out of the homebuying journey. This real estate expert will keep you up to date about new homes as they become available, set up home showings for you and even negotiate with home sellers on your behalf. As a result, a real estate agent will make it easy to find a house that will serve you sell for years to come.

Work with a real estate agent, and you can move closer to finding a home that looks beautiful both inside and out.




Categories: Uncategorized  


Posted by Liberty Real Estate on 8/5/2020

Image by Free-Photos from Pixabay

So, you're buying a home remotely. Because you probably don't want to invest hundreds of thousands of dollars in a house that smells like cats or that features weekly invasions by the SWAT team of the building next door, it's important to find a long-distance realtor you can trust. You need someone who excels at the remote-home-buying experience and who will represent you faithfully. Agents like these are out there, but it may take a bit of work to find them. Here's what we recommend.

Choose a Certified Residential Specialist

A certified residential specialist is a real estate agent who has undergone additional training and who has more experience than other agents. Only about 3 percent of all realtors in the United States have attained CRS status. You can find a CRS locally by using the online search function available at the Residential Real Estate Council.

To become a certified residential specialist, an agent must meet strict minimum requirements, including:

  • Completion of between 25 and 150 successful real estate transactions.
  • Completion of between 16 and 80 additional hours of training and education in realty.
  • Adherence to a higher code of ethics than the average realtor. 

While millions of hard-working real estate agents exist, only a small number have gone that extra mile to earn CRS certification. These are the agents you should trust to handle your transaction when you can't be there in person. 

Choose an Expert Communicator

Choose a realtor who's an expert in your desired area and with whom you feel comfortable from the first conversation. The relationship between you and your remote-home-buying partner should feature excellent communication. He or she needs to understand your needs precisely, including your must-haves, your budget, your time frame, and what you're hoping to find in a neighborhood. If you're bringing along three small dogs, your mother-in-law, or two moody teenagers, your long-distance realtor needs to make sure there's sufficient space for everyone included. 

Find a REALTOR® Who Cares

The REALTOR®you choose should be an expert on local schools. He should be able to get back to you with crime rates and economics. Additionally, he should be present at home inspections to ensure your future home doesn't have a termite infestation or a sketchy, outdated septic system. Everything from water pressure to the condition of outdoor fencing matters. These are all things you would investigate when viewing a home in person. If it's important to you, it should be important to the realtor you choose. 

Seventy-eight percent of all home buyers value the quality of a neighborhood over the size of a home, and 57 percent would rather have a shorter work commute than a sprawling yard. It's statistics like these that can make or break your remote-home-buying experience. It's vital to partner with the best agent for the job. 




Categories: Uncategorized  


Posted by Liberty Real Estate on 7/8/2020

If buying a home is something you’re considering, you might be curious about the different types of mortgages that are available to you. After all, the interest rate on your loan could have a huge impact on your finances over time, saving you thousands of dollars.

In today’s post, I’m going to demystify the home loan by explaining the most common types of mortgages. That way, you’ll be able to approach a lender with a bit of context and knowledge to help make the best mortgage decision for you and your family.

Fixed-rate mortgages

The most common types of home loans in the United States today are fixed-rate mortgages. A fixed-rate mortgage has the benefit of stability in terms of its interest rate--year after year, or the lifetime of your loan, you know exactly what percent of interest you’re going to pay.

Fixed-rate mortgages most frequently come with repayment terms of 15 or 30 years. However, some lenders offer different repayment periods.

As with any debt, paying off a mortgage in a shorter term typically amounts to paying less interest over the lifespan of the loan. For this reason, buyers who can afford higher monthly mortgage payments often opt for a 15-year fixed-rate mortgage.

If you can’t afford higher monthly payments, a 30-year loan will typically have lower mortgage payments, but at the expense of paying more interest over the life of the loan.

The 30-year option is the most often in the United States, where first-time buyers typically have too many other monthly bills to afford a high mortgage payment.

Adjustable-rate mortgages

Adjustable-rate mortgages (ARMs) were once an ideal option for first-time buyers who could purchase a home at a very low interest rate and then refinancing once that rate was set to rise. However, after the housing crisis of 2007, trust in the housing market drastically declined.

In recent years, ARMs have begun to make a comeback. However, they currently still only account for around 5% of home loans.

Adjustable-rate mortgages come with one important advantage and one huge disadvantage over fixed-rate mortgages. The upside is the ability to borrow money for a home at a lower interest rate than other mortgage types. The down side? Your interest rate isn’t locked in for the length of the loan, meaning your rate could, in theory, rise dramatically before you sell or pay off the home. This is exactly what happened to borrowers during the subprime mortgage crisis.

Guaranteed loans

There are a number of special loan programs that have been sponsored by the government over the years. Among them are USDA rural development loans, VA loans for veterans and their spouses, and FHA loans offered by the Federal Housing Authority.

All of these loans make it easier to buy a home with little or no down payment or a credit score that’s less than perfect. That makes these options great for first-time homeowners.




Tags: Buying a home   Mortgage  
Categories: Uncategorized  




Tags