Gregory Murphy & Cathy Ferrone - WEICHERT, REALTORS® - Briarwood Real Estate



Posted by Gregory Murphy & Cathy Ferrone on 7/19/2018

Let's face it – stress can be problematic, particularly for a homebuyer who is competing with others to find the best house at the lowest price. Lucky for you, we're here to help you minimize the guesswork associated with purchasing a house, increasing the likelihood of a stress-free homebuying experience.

Now, let's take a look at three tips to help you enjoy a stress-free homebuying journey.

1. Study the Housing Market

The housing market conditions in one city or town may vary from the real estate conditions in another. As such, you'll want to assess the local housing market closely to identify patterns and trends. This will allow you to obtain comprehensive real estate market insights that can help you become a diligent homebuyer.

Of course, don't forget to analyze the prices of recently sold houses in your city or town too. This housing market information can help you differentiate a seller's market from a buyer's one so you can tailor your homebuying journey accordingly.

2. Prep Your Finances

Although you know that you want to buy a house as soon as possible, you still have no idea how you'll pay for a residence. Fortunately, if you prepare your finances today, you'll be better equipped than ever before to enjoy a stress-free homebuying experience.

Consult with a variety of banks and credit unions to learn about all of the mortgage options at your disposal. That way, you can explore a wide range of mortgage options and select one that matches your finances perfectly.

Also, be sure to ask lots of questions when you meet with lenders. These financial institutions employ friendly, knowledgeable mortgage specialists who can help you evaluate all of your home financing options. And if you ask plenty of mortgage questions, you can gain the insights that you need to make the best-possible mortgage decision.

3. Collaborate with a Real Estate Agent

If you want to avoid stress throughout the homebuying journey, it helps to hire a real estate agent. In fact, with a real estate agent at your side, you can get the support that you need to thrive.

A real estate agent will learn about your homebuying goals and help you map out a successful homebuying journey. As a result, a real estate agent will make it easy to identify potential homebuying hurdles and ensure that you can avoid such issues.

Furthermore, a real estate agent delivers extensive assistance at each stage of the homebuying journey. He or she will help you examine a broad array of houses and find a home that is right for you. Plus, after you discover your dream house, a real estate agent will help you submit a competitive homebuying proposal.

As you get ready to enter the real estate market, it helps to plan ahead as much as you can. Take advantage of the aforementioned tips, and ultimately, you can minimize stress as you proceed along the homebuying journey.




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Posted by Gregory Murphy & Cathy Ferrone on 7/12/2018

The concept of a starter home is an American tradition that has existed for decades. Buying a starter home makes it possible to achieve homeownership, financial independence, and to build equity and credit while you transition to a larger home.

However, your first home doesn’t need to be a tiny, one-bedroom house with none of the amenities that you want.

In today’s post, we’re going to look at some of the things that are desirable in a first home or starter home, so that you can make the best financial decision now that will help you save more in the long run.

Top things to look for in your first home

1. Resale value

Perhaps the most important thing to think about when buying your first home is the day that you eventually decide to sell it and upgrade. There’s a lot that goes into the purchase value of a home. But, if you maintain the home or even make some upgrades, there’s a good chance you’ll be able to sell it for more than you paid.

Other factors that affect resale value are the location and real estate market trends. While you may not be able to change the economy, you can choose to buy a home that is in a location others will find desirable in the coming years.

2. Size

The cost of your first home will be determined by its location, as mentioned before, but another huge factor will be the size or square-footage of the home and yard.

If you don’t plan on having children in the next few years and don’t currently have kids at home, having several bedrooms and a large backyard probably aren’t huge priorities. This means you’ll be able to save by buying a small home on a small property.

Similarly, if it’s just you and a significant other living in the home, you may be comfortable with just one bathroom for the next few years. These omissions can save you a ton of money on your first starter home.

3. Transportation and proximity

Typically, when people buy their first home they are just getting settled into their career and may still change jobs a few times. Most workers in today’s economy change jobs between 10 and 15 times throughout their career and do so more often toward the beginning.

This means it will make sense for you to buy your first home within commuting distances to companies in your industry.

4. DIY and fixer-uppers

Homes that are in need of repairs or renovations can be a great way to save money and see a return on your investment when you decide to sell. Of course, there are limits to how many repairs are reasonable while still getting your money’s worth from a home.

You’ll know from your home inspection or by doing a walk-through with professional contractors how much work is required to bring the home up to standards. Use those resources to ensure that you’re making a sound financial decision for your first home.




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Posted by Gregory Murphy & Cathy Ferrone on 7/11/2018

This Is the One You Have Been Waiting For, Custom Built Colonial On A Deadend Street! This 3 Box Home Features A Huge Family Room w/An Open Floor Plan For The Rest Of The First Floor; Kitchen Is Large & Will Have Granite Countertops & Stainless Steel Appliances; Mudroom Makes Entry From The Garage Easy w/ Bench Area & A Closet For All Those Coats; The 2 Story Foyer Is Breath Taking & Really Speaks To The Size Of The House; All 3 Bedrooms Are Good Size & The Master Bedroom Has a Walk-in Closet & It's Own Bathroom! The Foundation Is In & The Framing Has Begun So Now Is The Time To Make An Offer On This One So You Can Customize Your Dream Home!

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by Gregory Murphy & Cathy Ferrone on 7/11/2018

This Is the One You Have Been Waiting For, Custom Built Colonial On A Deadend Street! This 3 Box Home Features A Huge Family Room w/An Open Floor Plan For The Rest Of The First Floor; Kitchen Is Large & Will Have Granite Countertops & Stainless Steel Appliances; Mudroom Makes Entry From The Garage Easy w/ Bench Area & A Closet For All Those Coats; The 2 Story Foyer Is Breath Taking & Really Speaks To The Size Of The House; All 3 Bedrooms Are Good Size & The Master Bedroom Has a Walk-in Closet & It's Own Bathroom! The Foundation Is In & The Framing Has Begun So Now Is The Time To Make An Offer On This One So You Can Customize Your Dream Home!

More Info on this Property | New Listing Alerts




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Posted by Gregory Murphy & Cathy Ferrone on 7/11/2018

Are You Ready To Be Amazed By This Home? There Are So Many Features I Can't List Them All But I am Going To Try: Modern White Cabinet Kitchen w/Dining Area; Huge Cathedraled Living Room w/Hardwood Floors; 3 Bedrooms w/Hardwood Floors (All the Hardwood Floors were just Refinished!); Updated Full Bath; Finished Lower Level w/Massive Family Room, Laundry Area & A 1/2 Bath (with room to make it a Full Bath with a little modification); Then The Game Changer... The Sunroom! Champion Sunroom Features A Cathedral Ceiling w/Fan, Slate Floor Sliding Windows & Sliding Door & It Is Heated By a Pellet Stove! It Overlooks The Fenced In Backyard; There is a Storage Shed in another Fenced Area & A Patio; Did I mention The Newer GAS Heating System or the Newer Roof! Updated Electrical, GAS Hot Water Heater, Vinyl Replacement Windows & Solid 6 Panel Doors; I Almost Forgot, The is a FULL Basement, No Crawl Space.. Very Rare, so You Have Plenty Of Storage! Don't Miss Out On The Open House, This Won't Last

More Info on this Property | New Listing Alerts