George P. Goulas - KELLER WILLIAMS REALTY | 508-509-3833 | GGoulas@kw.com


Posted by George P. Goulas on 4/24/2019

Are you an experienced homebuyer? If so, you may be better equipped than others to enjoy a quick, worry-free homebuying experience.

Ultimately, a veteran homebuyer can learn a lot from his or her past experiences, including:

1. How to Avoid Paying Too Much for a House

The housing market offers many opportunities for veteran and first-time homebuyers alike. However, a first-time homebuyer may struggle to pounce at an opportunity to acquire a top-notch house at a budget-friendly price. On the other hand, an experienced homebuyer likely knows what it takes to acquire a house at a price that matches or surpasses his or her expectations.

As an experienced homebuyer, it generally helps to think about how you narrowed your price range when you most recently searched for a home. This experience may guide you as you look to establish a price range for an upcoming house search.

Furthermore, a veteran homebuyer may know exactly what types of housing market data to examine before entering the real estate market. By evaluating the prices of recently sold houses and available residences in cities and towns where you'd like to live, you can use assorted real estate market data to accelerate your home search.

2. How to Get Home Financing

If you struggled to get a mortgage for your first home, there is no need to deal with home financing problems once again. Instead, a veteran homebuyer can allocate the necessary time and resources to get pre-approved for a mortgage and enter the housing market with a budget in hand.

To receive pre-approval for a mortgage, it usually is a good idea to meet with various banks and credit unions. These financial institutions can educate you about myriad mortgage options and help you select the ideal mortgage based on your homebuying needs.

3. How to Differentiate a Buyer's Market from a Seller's Market

Regardless of whether you previously bought a house in a buyer's or seller's market, you can use your past homebuying experience to help you assess the current state of the housing sector. Then, you can map out your homebuying journey accordingly.

If you notice houses are selling quickly at prices above their initial asking figures, you may be preparing to enter a seller's market. In this scenario, you may need to act quickly to acquire a great house.

Comparatively, if you find that homes are lingering on the housing market for many weeks or months, a buyer's market may be in place. In a buyer's market, you may be able to purchase a stellar house at a discounted price due to the sheer volume of houses that are available.

Before you launch a home search, it is important to note that even a veteran homebuyer may need help at times. If you hire a real estate agent, you can receive expert support throughout the homebuying journey. In fact, this housing market professional will make it easy for you to discover a superb house in no time at all.




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Posted by George P. Goulas on 3/20/2019

Purchasing a home may prove to be a long, arduous process, particularly for individuals who fail to prepare for potential house buying hurdles. Thankfully, there are several things that you can do to put yourself in position to enjoy a successful homebuying journey, such as:

1. Establish Realistic Expectations

Much in the same way that Rome was not built in a day, you should not expect to find and acquire your dream house right away. If you establish realistic expectations from day one of the homebuying journey, you can identify and resolve potential problems before they escalate.

Think about why you want to buy a home, where you want to reside and other homebuying factors. Then, you can make a list of homebuying goals and criteria. And once you have this list in hand, you can map out your quest to achieve your desired house buying results.

2. Get Your Home Financing in Order

If you find a home you want to buy but cannot quickly obtain financing for this residence, you may lose the house to a rival buyer. On the other hand, if you start a home search with a mortgage in hand, you could seamlessly navigate the homebuying journey.

To get pre-approved for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ mortgage specialists who can teach you about all of your home financing options. Next, you can select a mortgage that enables you to acquire your dream residence without spending beyond your means.

3. Hire a Real Estate Agent

Oftentimes, it helps to hire a real estate agent prior to launching a home search. Because if you work with an expert real estate agent, you can gain comprehensive homebuying insights that you may struggle to obtain elsewhere.

A real estate agent understands what it takes to purchase a house in any housing market, at any time. First, he or she will learn about you and your homebuying expectations. A real estate agent then will craft a plan designed to help you identify your ideal residence. This housing market professional next will put this plan into action and ensure you can check out a broad array of quality residences. Finally, when you discover your dream house, a real estate agent will help you submit a competitive offer to acquire this home.

Let's not forget about the assistance that a real estate agent provides after a seller accepts your offer to purchase his or her home, too. At this point, a real estate agent will help you schedule a home inspection and finalize your house purchase. And if you ever have concerns or questions before you complete your home purchase, a real estate agent is happy to respond to them.

There is no telling what challenges you may encounter when you try to buy a house. With the aforementioned tips, you can minimize risk during the homebuying journey. Perhaps best of all, these tips could help you speed up your quest to find and purchase your dream home.




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Posted by George P. Goulas on 2/27/2019

Buying a home is one of those things in life that requires you to take a certain order of steps to complete the process. First, youíll need to save up some money for a down payment and all of the other costs that go along with buying a home. Next, youíll take a look at what you can afford and perhaps get pre-qualified. Then, youíll hire a realtor and begin searching for properties. Finally, youíll make an offer, sign for the mortgage and close on the home. After that, youíll probably buy some furniture and paint the walls to make yourself feel at home. 


Would you ever dream of making that big home purchase without actually seeing the property first? One of the most time-consuming parts of the home buying process is that of viewing homes and visiting property after property. 


There are actually many reasons that a buyer might buy a property without seeing it first. With the Internet, itís fairly easy to get an idea of what a house might be like. Too, if youíre an investor, itís sometimes worth the gamble to scoop up a property at the right price in order to score a great deal. 


Itís also usually not detrimental to buyers who are trying to get a home in a high competition market to go after places they really love immediately. The early bird does get the worm, right?


Foreclosed Properties 


Properties in distress may be in poor condition, but for the right buyer can be a great deal. Banks want to get rid of these places as soon as possible due to the expenses incurred by keeping them. 


Pre-Construction Properties


Not all properties that are bought sight unseen are fixer uppers. Some properties can be bought in the pre-construction phase. These homes havenít been built but are already on the market available for purchase. Many times, buying properties this way can be cheaper than buying the new construction home after itís built. 


The Risks


There are obviously many risks to buying a home sight unseen. First, pictures can be deceiving. You never really know what youíre walking into until you see it. Photographs can easily hide major damage. Until a home is physically inspected, you may not know what the costs will be to repair it. 


The same risks apply to new construction homes. The layout of the home may not be what youíre looking for, or the home may not include the features that you want.


When you do decide to buy a home sight unseen you need to weigh the risk versus the reward in the transaction. It can be a valuable decision, in the long run, to take a chance on buying a home that you havenít been able to physically inspect.       

 





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Posted by George P. Goulas on 2/13/2019

A diligent homebuyer understands what it takes to shop for a residence. As such, this individual may be better equipped than others to discover a house that matches or exceeds his or her expectations.

Ultimately, there are many reasons to become a diligent homebuyer, including:

1. You can boost your chances of acquiring a top-notch residence.

Buying a home can be a long, complex process, particularly for those who lack housing market insights. Fortunately, it is easy for any homebuyer to become a diligent homebuyer, thanks in large part to the wealth of housing market data that is available.

A diligent homebuyer can analyze the prices of recently sold houses, along with the prices of homes that are currently for sale. By doing so, a diligent homebuyer can understand whether he or she is shopping in a buyer's or seller's market. This homebuyer also may be able to narrow his or her home search.

For those who want to acquire a first-rate residence, diligence is paramount. And as a diligent homebuyer, you may be able to identify many opportunities to purchase a deluxe residence.

2. You could save money on a home purchase.

When it comes to shopping for a home, there is no need to overspend, regardless of whether you're searching for a residence in a buyer's or seller's market.

Meanwhile, a diligent homebuyer is a thrifty home shopper who understands how to save money on a house.

A diligent homebuyer, for example, may be more likely than others to get pre-approved for a mortgage. This homebuyer will meet with a variety of lenders and learn about all of his or her mortgage options. That way, a diligent homebuyer can enter the housing market with a budget in hand and avoid the temptation to overspend.

Furthermore, a diligent homebuyer knows how to stay calm, cool and collected in stressful price negotiations with a property seller. This homebuyer will possess the housing market insights to make an informed purchase decision. In addition, he or she will have the confidence to walk away from a potential home sale if price negotiations get out of hand.

3. You can accelerate the homebuying process.

Although a diligent homebuyer analyzes real estate market patterns and trends closely, he or she usually realizes that navigating the housing sector alone can be tough. Thus, a diligent homebuyer may reach out to a real estate agent for extra help.

A real estate agent can provide even a diligent homebuyer with the necessary assistance to speed up the homebuying cycle. This housing market professional can help a homebuyer understand and overcome assorted property buying hurdles. Plus, he or she can offer expert insights into the housing market that a homebuyer may struggle to obtain elsewhere.

If you plan to purchase a house in the near future, it definitely pays to become a diligent homebuyer. This property buyer will be able to browse a broad array of high-quality houses, assess these residences effectively and seamlessly move through the process of acquiring the perfect home at the lowest price.




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Posted by George P. Goulas on 1/30/2019

Buying a luxury home isn't merely about buying an expensive house, it's about buying the most elegant home in the most exclusive and expensive neighborhoods. In addition to that, you are purchasing the architecture, landscaping, finishing, and fittings that come with the house. Thatís why you have to do it the right way to avoid regrets in the future. 

Here are a few tips you should be aware of before you decide to go through with that luxury purchase.

  • Get the right realtor The right realtor is an agent with a lot of experience making high-end sales happen. They know the right places to get you what you need within your budget. It's not enough to get an agent because buying and selling luxury homes is a niche market in itself.
  • Get familiar with the area Remember that youíre not just buying a home, youíre buying the exclusivity of the neighborhood. There is a direct correlation between the value of the house and its location, so get as much information as you can about it. Ask questions about prospects for the areaís future to be sure that new property development doesnít reduce the value of the neighborhood in the future.
  • Think of the resale value Itís very likely that you will end up selling your house someday, so resale should be at the back of your mind even as you make your decision about your purchase. That means if your personal tastes are somewhat eccentricóand it reflects in what you buy nowóit might be more difficult to sell later until you find another buyer equally attracted by what you like. Thatís not to say you shouldnít spend your money as you please, itís just a cautionary note to consider the future when you buy now.
  • Check the home out The first rule of home buying is never to buy a house without inspecting it, and that holds true for luxury homes too. Go beyond the photographs and look closely at the house. If this is your initial luxury home purchase, the property might likely be different than the previous home you bought, so you should get a home inspector familiar with the ins and outs of luxury homes to give it a clean bill of health for you. For help on finding a good home inspector, ask your realtor for suggestions and recommendations.




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