Donna Coffin - ERA Key Realty Services - Distinctive Group



Posted by Donna Coffin on 10/12/2018

After a home seller accepts your offer on a home, the next step usually involves a home inspection.

At this point, you'll hire a home inspector who will walk through the home you'd like to buy and offer expert insights into the residence's strengths and weaknesses. Then, you'll be able to assess potential issues with a home and determine whether to move forward with a home purchase.

A home inspection can be stressful, particularly for a first-time homebuyer. Lucky for you, we're here to help you take the guesswork out of home inspections.

Ultimately, there are many questions to consider after a home inspection is completed, including:

1. What did the home inspection reveal?

A home inspection offers unparalleled insights into a residence. It enables you to look beyond a house's surface and find out whether major repairs will be required both now and in the future.

Hiring an experienced home inspector is paramount for homebuyers. With an experienced home inspector at your disposal, you'll be better equipped than others to identify "hidden" problems within a house.

Also, don't forget to review a home inspection report closely. With this information at your disposal, you'll be able to understand whether a residence meets your expectations.

Be sure to consider the long-term value of a property as well. Remember, a home that you plan to purchase should be able to serve you well for years to come. But if you encounter myriad home issues during a property inspection, you may want to consider rescinding your offer on a residence and restarting your search for the ideal house.

2. Are there major home issues?

As a homebuyer, it is important to be able to identify the differences between major and minor home issues.

For example, if there are tiny cracks and chips in the paint on a kitchen's walls, these issues are minor. In fact, you may be able to repair such issues quickly and effortlessly.

On the other hand, an old, inefficient furnace can cause major headaches. Without a properly functioning furnace, you may struggle to heat your home in winter. Meanwhile, it may cost several thousand dollars to replace this furnace.

If you encounter problems with a residence during a home inspection, consider the costs associated with these issues. By doing so, you'll be able to determine how much you may need to spend to correct such problems and can proceed with a home purchase accordingly.

3. What should I do next?

An informed homebuyer will be equipped with the knowledge and insights needed to make a great decision.

Consider the problems that were discovered during a home inspection. If you can fix home issues without having to commit substantial time and resources to complete various home maintenance projects, you may want to consider moving forward with a home purchase.

If you encounter major home issues, you can always ask a home seller to perform home repairs. Or, you may want to remove your offer on a home altogether.

Working with a real estate agent is ideal, especially for homebuyers who want help with home seller negotiations. With assistance from a real estate agent, you should have no trouble determining how to proceed after a home inspection.




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Posted by Donna Coffin on 10/5/2018

A home inspection is a valuable opportunity for a property buyer. If a homebuyer knows how to plan for an inspection, he or she should have no trouble getting the most out of this opportunity.

Now, let's take a look at three tips to help you get ready for a home inspection.

1. Hire an Expert Home Inspector

Not all home inspectors are created equal. And if you make a poor home inspector selection, you risk missing out on potential problems that may result in costly, time-intensive home repairs down the line.

When it comes to finding the right home inspector, it pays to be diligent. As such, it is crucial to allocate time and resources to conduct an extensive search for an expert house inspector. Because if you have a qualified home inspector at your side, you can get the support you need to perform an in-depth property evaluation.

Ask a home inspector for client referrals before you make your final decision. That way, you can find out what past clients have to say about a home inspector and determine if this professional is the right choice for you.

2. Attend Your Home Inspection

Although you are not required to attend your home inspection, it generally is a good idea to walk through a property with a professional inspector. By doing so, you may be able to gain insights that won't necessarily appear in your house inspection report.

You may want to take notes during your home inspection as well. If you remain diligent throughout your home inspection, you can understand a house's strengths and weaknesses. And as a result, you'll be better equipped than ever before to decide whether to move forward with a home purchase.

3. Ask Questions

There is no need to leave anything to chance, especially when you buy a house. Thus, if you have concerns or questions during a home inspection, address them immediately.

Remember, a home inspector is happy to respond to any of your property concerns or questions. He or she can provide honest, unbiased responses to your queries and help you make an informed decision about a house purchase.

As you prepare for a home inspection, you may want to consult with a real estate agent too. This housing market professional can offer recommendations and suggestions to help you get ready for a home inspection and put you in touch with the top home inspectors in your area. Plus, a real estate agent will help you review a house inspection report so you can determine whether to proceed with a home purchase.

For those who want to get the most out of a house inspection, you may want to prepare as much as possible. Thanks to the aforementioned tips, you can streamline the home inspection preparation process. Then, you can enter a home inspection with a plan in hand and use this evaluation to decide if a house will be able to serve you well both now and in the future.




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Posted by Donna Coffin on 8/10/2018

When youíre shopping for a home, one of the most important things is that you feel comfortable in the home. Sure, you can look at the listing and visit the property, but youíll never know what itís like to sleep in a home until you move in. While there arenít many homeowners that offer overnights in order for you to feel out their property listing, there are ways that you can test a home out subtly.


Check Out The Neighborhood


You can learn a lot about a neighborhood just by observing the area. See how many people are out walking around. What is the age group of the people you see? This can give you a great idea of the neighborhood that your potential home is in. You could do this investigating several times at different hours of the day to get a full picture of the area.


Getting out and taking a stroll around the neighborhood is also a great idea to see what potentially living in your new home will be like. Check out public transportation options and local establishments like restaurants and coffee shops. Another great place to check out is local parks and recreation centers. This will allow you to see both the quality and the quantity of the options available to you. 


Test The Plumbing


If you have a chance as youíre walking through a home, touring it, be sure to check out the plumbing. Turn on the faucets. See how the water pressure from the shower is. It seems like kind of a strange thing to think of testing, but itís important. You donít want to move into a house only to find out the water pressure is unlivable and the hot water isnít so hot! 


Check Out How The Windows Work


A home with a breeze is always nice. See if any windows get stuck or are leaking out cold air when shut. This is a subtle way to do your own home inspection of an important aspect of your potential future home. Paying attention to the windows can also help you to hear the noise factor that you might face in the home. Can you hear a lot of traffic? Is the neighborhood quiet? Discovering these things will be very important in your decision to purchase a home.   


How Is The Storage Space?


Look around the homes that youíre considering and see how much storage space youíll have. Is there a basement or an attic or both? How easy are these spaces to access? If a home lacks adequate closet space for storing things like towels, cleaners, clothing, etc, you may find yourself scrambling for ways to keep all of your things in the home once you move in. Make sure the storage space you see is enough for you and your familyís lifestyle.    

 






Posted by Donna Coffin on 8/3/2018

Getting pre-approved for a mortgage may prove to be a long, arduous process if you are not careful. Fortunately, homebuyers who plan ahead should have no trouble obtaining a mortgage so they can enter the housing market with a budget in hand.

Ultimately, there are many questions to consider as you assess your mortgage options, and these questions include:

1. What type of mortgage should I get?

The two most common types of mortgages are adjustable- and fixed-rate varieties. If you understand the differences between these mortgage options, you can make an informed mortgage decision.

An adjustable-rate mortgage generally features a lower initial interest rate than a fixed-rate option. However, after a set amount of time, an adjustable-rate mortgage's interest rate will increase.

Comparatively, a fixed-rate mortgage has an interest rate that will remain intact for the life of your mortgage. This means you will pay the same amount each month until your mortgage is paid in full.

When it comes to deciding between an adjustable- and fixed-rate mortgage, it pays to look at the pros and cons of both options. Remember, no two homebuyers are exactly alike, and a mortgage that works well for one buyer may not work well for another. But if you evaluate adjustable- and fixed-rate mortgages closely, you can make the best-possible decision.

2. What differentiates an ordinary lender from an outstanding one?

There is no need to settle for an "ordinary" lender as you pursue mortgage options. Instead, you should seek out an exceptional lender that goes above and beyond the call of duty to assist you.

Typically, an outstanding lender employs mortgage specialists who are ready to respond to any concerns or questions. These specialists can help you evaluate a broad array of mortgage options and decide which mortgage best suits your individual needs.

Don't be afraid to meet with several banks and credit unions, either. This will allow you to assess many lenders and select one that matches or exceeds your expectations.

3. Which mortgage should I select?

There is no one-size-fits-all mortgage that works well for all homebuyers, at all times. As such, you should conduct plenty of research as you explore your mortgage options. This research will enable you to analyze assorted mortgages and lenders and make the optimal choices.

Once you have a mortgage, you can move one step closer to acquiring your dream house. And if you collaborate with a real estate agent, you can receive expert support at each stage of the homebuying journey.

A real estate agent is a must-have for any homebuyer, regardless of the current housing market's conditions. This housing market professional can teach you everything you need to know about buying a house. Also, he or she can help you examine a vast collection of available houses.

Ready to kick off a house search? Get pre-approved for a mortgage, and you can enter the housing market with a homebuying budget at your disposal.




Tags: Buying a home   mortgage  
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Posted by Donna Coffin on 7/6/2018

From clogged toilets to a lack of ample shower time, thereís always an issue of too many people and too little bathrooms in a home. Most people will agree that one bathroom isnít enough in a home. Yet, while youíre on the hunt for a home, should you decide to just settle for a single bathroom or keep hunting for a house with more bathrooms? There is always the additional option of putting in another bathroom as well, although this can be costly.  


 In todayís fast-paced world, we have new bathroom needs that make us look at properties differently. Different cultures are also accustomed to varying standards of bathrooms and home building, and find it a normalcy to have only one bathroom. Also, once upon a time, it was feasible for everyone to have people take their turn in the bathroom-even in America. As the family unit shifted and everyone in the house became accustomed to living on the same exact schedules, it became more necessary to have an extra bathroom. 


Age Of A Home   


While you can survive with one bathroom, the biggest message one bathroom in a home sends is that itís an older property. That may be the underlying factor that steers people away from one bathroom homes. Many realtors even warn of the difficulties in selling a one bathroom home. Ultimately, the decision is up to you. Thereís some things that you should consider when youíre searching for a home and are concerned about the number of bathrooms.


How Many Bathrooms Will You Actually Use?


If youíre a bachelor, living on your own, you may not need more than one full bathroom in a home. For comfort reasons, you could consider places with an additional half-bath, but it may not be necessary. If youíre planning on co-living with your in-laws or friends, youíll definitely need to consider your need for multiple private baths high.


Home Value


If you can afford the upfront cost, it could be well worth it to put a second bathroom into a one bathroom home. It will add a lot of value to the home once it is sold again and your family will have more privacy and space. Not to mention that your home will be more attractive to buyers once the time to sell does come. 


A Luxury


Homes with extra bathrooms are truly seen as a luxury. Have you ever seen celebrity homes advertised that have more bathrooms than there are bedrooms? Thereís probably little reason for that other than the luxury factor. Ultimately, your home search will be a bit harder when you seek out multiple bathrooms. However, if this will increase you and your familyís comfort, the time spent searching is definitely worth it! When youíre on the house hunt, the number and type of bathrooms are just one of many things that youíll need to consider.




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