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 6/28/2018

Your credit score is one of the most important numbers to your financial picture. You know how important it is to have a high credit score. If you pay your bills on time and keep your debt down, you think that your score will be just fine, but this isn’t always the case. There are a few hidden mistakes that you could be making that are bringing your credit score down. Read on to find out what to avoid when trying to keep your credit score up and maintain it. 


Too Many Credit Inquiries


Beware that every time you apply for a new loan or even just check on what type of interest rate you can get, your credit will be reviewed. You want to avoid too many credit inquiries because a high number will bring your credit score down. Always ask if a lender is pulling a hard inquiry to check your score, don’t allow too many of these credit checks. 


Anything Small Can Make A Big Impact


Was there a mistake on a medical bill that you paid but it says it was unpaid? If you let this go, your credit score could be impacted. Even unreturned library books that have been turned over to collections can negatively affect your score. Stay on top of things because you never know how a small mishap can affect you.


Your Information Is Wrong


You should look at your credit report so that you can see more than just your history. You can see the information that is being reported to check for mistakes. Incorrect information can bring your credit score down. You can call the credit bureau that’s associated with any errors that you see on your credit report. It can be a little bit of a process to correct the mistakes on your credit report, but the time and effort is definitely worth it for your credit score.                       



Not Using your Credit


While using your credit too much is a problem, not making use of your credit at all can be a problem. Responsibly use your credit. Open a credit card and use it to make small purchases. Charge only things that you can afford and pay the balance off each month. This simple use of a card is one of the easiest ways to establish credit.      


It’s important to do what you can to develop and maintain a healthy credit score. Keep all of your avenues covered to be sure that nothing hidden can negatively affect your credit score. 





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Posted by Gregory Murphy & Cathy Ferrone on 5/31/2018

Want to relocate to a condo? With assistance from a real estate agent, you should have no trouble moving into the condo of your choice.

Employing a real estate agent with condo experience is ideal, particularly for property buyers who are considering condos for the first time. However, it is important to note that not all real estate professionals with condo experience are created equal, and some stand out for all the right reasons.

Ultimately, there are several factors to consider as you search for a real estate agent to help you find the perfect condo, including:

1. Expertise

How many years has a real estate agent been assisting condo buyers? Does a real estate agent know how to get information from a homeowners' association (HOA)? And can a real estate agent set up condo showings at your convenience? These are just a few of the questions that condo buyers need to consider before they employ a real estate agent.

As a condo buyer, there is no need to settle for a subpar real estate agent. In fact, real estate agents with condo expertise are available across the country. And if you conduct a comprehensive search for the right real estate agent, you should have no trouble finding a real estate professional who can guide you along each step of the condo buying journey.

2. Communication Skills

How does a real estate agent keep in touch with his or her clients? Try to find a real estate agent who provides regular updates throughout the condo buying process. This real estate professional will make his or her clients a priority and do whatever it takes to help them get the best results possible.

Ideally, you should be able to get in touch with a real estate agent via phone, email or text. And if a real estate agent is unavailable, you usually should expect to hear back from him or her within a few hours at most.

A real estate agent who is readily available will be able to provide you with the condo buying support that you need, any time you need it. As a result, this real estate professional can keep you up to date about new condos as they become available, the state of negotiations with a condo seller and much more.

3. Client Satisfaction

Are past clients satisfied with the support that they received from a real estate agent? Ask a real estate agent for client referrals to find out.

Reaching out to past clients can provide you with a better idea about how a real estate agent will assist you during the condo buying journey. That way, you can determine whether you will feel comfortable working with this real estate agent or if you should consider other options.

Dedicate the necessary time and resources to find a great real estate agent to help you find your dream condo. By doing so, you can move one step closer to making your condo ownership dreams come true.




Tags: buyer tips   Condo   Buying a home  
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Posted by Gregory Murphy & Cathy Ferrone on 5/17/2018

When you’re 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 you’ll never know what it’s like to sleep in a home until you move in. While there aren’t 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 you’re 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 it’s important. You don’t want to move into a house only to find out the water pressure is unlivable and the hot water isn’t 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 you’re considering and see how much storage space you’ll 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 family’s lifestyle.    

 






Posted by Gregory Murphy & Cathy Ferrone on 5/3/2018

A home inspection is a crucial part of the homebuying process. At this point, a home inspector will walk through a house with you and examine the property inside and out. If a home inspector identifies underlying problems with a residence, these issues could put your purchase in jeopardy. On the other hand, if a home inspection reveals that there are no major problems with a residence, you may feel comfortable proceeding with a purchase.

Ultimately, how a homebuyer approaches a property inspection can have far-flung effects. For those who want to achieve the best-possible home inspection results, we're here to help you get ready for a house inspection.

Let's take a look at three tips to ensure you know exactly how to approach a house inspection.

1. Prepare for the Best- and Worst-Case Scenarios

Regardless of how a home inspection turns out, you need to be ready. That way, you'll have a plan in place to act quickly, even in the worst-case scenario.

In the best-case scenario after a house inspection, you likely will take a step forward in your quest to complete a home purchase. Conversely, in the worst-case scenario following a home inspection, you may rescind your offer to purchase a house and reenter the real estate market.

It also is important to remember that you can always walk away from a house sale if an inspection reveals there are significant problems with a residence. For a homebuyer, it is paramount to feel comfortable with a house after an inspection. If a home raises lots of red flags during an inspection, a buyer should have no trouble removing his or her offer to purchase a house.

2. Ask Plenty of Questions

A home inspector is a property expert who can provide insights into the condition of a residence. Thus, you should rely on this property expert as much as possible.

Don't hesitate to discuss a home with an inspector. Because if you ask lots of questions during a home inspection, you may be able to receive comprehensive property insights that you may struggle to obtain elsewhere.

3. Analyze the Inspection Results Closely

Following a home inspection, you'll receive a report that details a property inspector's findings. Review this report closely, and if you have follow-up questions about it, reach out to the inspector that provided the report.

Lastly, as you look for ways to streamline the homebuying journey, you should work with a knowledgeable real estate agent. This housing market professional can put you in touch with the top home inspectors in your city or town. Plus, if you want to request home repairs or a reduced price on a house after an inspection, a real estate agent will negotiate with a seller's agent on your behalf.

Let's not forget about the support that a real estate agent provides at other points in the homebuying journey, either. If you ever have concerns or questions during the homebuying journey, a real estate agent will respond to them at your convenience.

Prepare for a home inspection, and you can use this evaluation to gain the insights you need to make an informed homebuying decision.




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