Classic Properties REALTORS ®



Posted by Classic Properties REALTORS ® on 2/17/2019

You know you want to make your homeownership dream come true sooner rather than later. At the same time, you still have no idea about how you'll acquire a great house at a budget-friendly price.

Navigating the housing market can be tricky, especially for those who are operating with limited finances at their disposal. Lucky for you, we're here to take the guesswork out of the homebuying journey and ensure you can discover a wonderful residence at a price that won't break your budget.

Now, let's take a look at three tips to help you buy your dream house at the lowest-possible price.

1. Analyze the Housing Market

The real estate market may seem complicated at first. Fortunately, homebuyers who collect and review housing market data can become real estate experts in no time at all.

Ultimately, homebuyers who know the ins and outs of the real estate market may be better equipped than others to get the best price on a house. These buyers can identify patterns and trends within housing market data and determine whether they're operating in a buyer's or seller's market. Then, once a buyer finds his or her dream house, this individual can submit a competitive offer to purchase that meets the needs of all parties involved in a home sale.

2. Get Pre-Approved for Home Financing

Getting pre-approved for home financing allows you to enter the real estate market with a good idea about how much you can spend on a residence. Thus, you'll be able to determine exactly how much you can afford to pay for a residence – and avoid overspending on a house – if you obtain pre-approval for a mortgage.

To receive pre-approval for a mortgage, you should meet with a variety of banks and credit unions. These financial institutions employ courteous, knowledgeable mortgage specialists who can teach you everything you need to know about home financing. That way, you can get the information you need to make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

Hiring a real estate agent is essential for a homebuyer who wants to purchase his or her dream house at the right price. In fact, a real estate agent will go above and beyond the call of duty to ensure that you can avoid paying too much for your ideal residence.

Typically, a real estate agent will meet with you and learn about your homebuying goals. He or she next will craft a personalized homebuying strategy, one that allows you to quickly and effortlessly discover a high-quality and affordable residence. After you find your ideal house, a real estate agent will help you put together a competitive offer to purchase too. And if a seller accepts your homebuying proposal, a real estate agent will guide you along the final stages of the property buying journey.

Ready to make your homeownership dream a reality? Use the aforementioned tips, and you can find a top-notch house at a price that matches your budget.





Posted by Classic Properties REALTORS ® on 2/3/2019

Do you enjoy the hustle and bustle of the big city? If so, you're sure to enjoy a city home.

Ultimately, there are many reasons to consider purchasing a home in a big city, including:

1. You can enjoy quick, easy access to public transportation.

Let's face it – owning a car sometimes can be problematic, and the costs associated with fuel, insurance and maintenance can add up quickly. However, you may be able to cut out some of these expenses if you live in the city.

Many cities feature public transportation systems that make it simple to travel from one location to the next. That way, you can avoid the hassles commonly associated with car ownership.

2. You can check out a broad assortment of attractions and entertainment.

The lights are always brightest in the city. Here, you can visit museums, historic landmarks and other attractions any time you choose.

For those who live in the city, you should have no trouble accessing a massive assortment of attractions and entertainment. From live theater performances to sports events, you can enjoy fun experiences in the city year-round.

3. You can visit a wide range of high-quality restaurants.

Foodies rejoice! Cities are home to some of the world's best restaurants, guaranteeing you can sample gourmet cuisine that you may struggle to find elsewhere.

Whether you appreciate traditional pub fare or elegant French dishes, you're sure to find exactly what you're looking for at a city restaurant. Plus, many city restaurants offer take-out menus, ensuring you can get first-rate cuisine delivered to your home.

How can you obtain a home in the city?

You don't need to be a millionaire to purchase a city home. In fact, here are three tips to ensure you can acquire an outstanding city house at a price that meets your budget:

1. Browse the housing market closely.

New homes reach the real estate market every day. As a homebuyer, you'll want to explore the housing market closely to find a residence that you can enjoy both now and in the future.

Examine the prices of recently sold homes in the city. Also, be sure to check out a variety of residences in-person. By doing so, you can understand what you can afford and map out your homebuying journey accordingly.

2. Get pre-approved for a mortgage.

Meet with multiple banks and credit unions before you begin your search for a city house. This will enable you to get pre-approved for a mortgage and kick off your home search with a homebuying budget in hand.

3. Work with a real estate agent.

Hire a real estate agent who understands a city's real estate market. This real estate professional will offer honest, unbiased homebuying recommendations. That way, you can accelerate the homebuying process and avoid the risk of spending too much on a city home.

Use the aforementioned homebuying tips, and you can move one step closer to securing your dream home in the city of your choice.




Categories: Buying a Home   buying tips  


Posted by Classic Properties REALTORS ® on 1/20/2019

Applying for a mortgage may seem like a long, stressful process at first. Fortunately, we're here to help you take the guesswork out of submitting a mortgage application.

Now, let's take a look at three tips to help you streamline the mortgage application process.

1. Ask Questions

A bank or credit union likely will ask you to provide a wide range of information as part of the mortgage application cycle. And as you complete a mortgage application, you may have questions along the way too.

Remember, a lender is happy to help you in any way possible. If you ever have concerns or questions as you complete a mortgage application, you should reach out to a lender for expert support. That way, you can reduce the risk of potential problems down the line that otherwise could slow down the mortgage application process.

Even a single mistake on a mortgage application may prevent you from getting a mortgage. Perhaps even worse, a delayed mortgage application may force you to miss out on an opportunity to acquire your dream house. But if you reach out to a lender as you complete your mortgage application, you can gain the insights you need to quickly and effortlessly finalize the necessary documentation to obtain a mortgage.

2. Be Thorough

A mortgage application may require you to look back at your financial and employment histories and provide information that a lender will use to determine whether to approve or deny your submission. Meanwhile, you should be ready to provide a lender with any requested information to ensure a seamless application process.

As a homebuyer, it is your responsibility to include accurate information on your mortgage application. In fact, failure to do so may cause a lender to reject your mortgage application. If you allocate the necessary time and resources to dot every I and cross every T on your mortgage application, you can boost the likelihood of a fast approval.

3. Shop Around

For homebuyers, it is crucial to check out all of the mortgage options that are available. If you meet with a variety of banks and credit unions, you can review myriad mortgage options and select a mortgage that complements your finances.

Banks and credit unions generally provide a broad array of fixed- and adjustable-rate mortgages. If you learn about all of the mortgage options at your disposal, you can find one that enables you to purchase your dream house without breaking your budget.

Of course, once you are approved for a mortgage and are ready to launch your house search, you may want to hire a real estate agent as well. A real estate agent will offer plenty of guidance at each stage of the homebuying journey. In addition, a real estate agent can make it easy for you to find a top-notch residence at a budget-friendly price in any housing market, at any time.

Start the mortgage application process today, and you can move one step closer to acquiring your dream residence.




Tags: mortgage   Buying a home  
Categories: Buying a Home   Mortgage  


Posted by Classic Properties REALTORS ® on 1/6/2019

If you live in one state, but are trying to buy a home in another state, you’ll face some obvious challenges. There’s certain steps that you can take to help you get through the home buying process in another state. Whether you’re buying a vacation home, or are in a complete transition, you’ll need to follow a few steps to make life easier for you. 


Know How Much Time You Have


First, you’ll need to ask yourself when you’re planning to move. If you have flexibility and are planning a trip to the new state before you need to move, that paints a much different picture than a more rushed move. Consider:


  • The time it will take to sell your current home
  • When the closing will be on the new home


Keep that timeline in mind.


You’ll definitely want to hire a realtor to handle everything for you on both ends when you’re in this situation. A Realtor’s knowledge and experience is definitely worth it to help you.


Get Your Finances In Order


You’ll need to apply for a loan on the home you’re buying in the new state. You should start by getting pre-approved for a mortgage in that state. You don’t want all of your important paperwork to be buried in the midst of packing and moving. Also, you’ll need to have that loan secured before you even head to the new state to close on the home. Everything should be in order. This situation may be more challenging for you than a typical home purchase. Since big purchases affect your credit score, you’ll need to hold off on buying a car, furniture, or any major appliances that you may need. 


Get As Much Information As You Can


As a buyer who is from out of state, you’ll need to do your homework. Maybe you have visited the state many times before. Perhaps you know nothing about it. The more you know ahead of time, the easier that your transition will be. You’ll need to find recommendations about which neighborhood to search in. You’ll also want to learn a bit more about the lifestyle the area provides for activities like dining, entertainment, and recreation. You can learn a lot in the internet, but talking to locals- even a local realtor- can help you to find the right spot to live in. 


Find The Right Realtors


You’ll need to find the right realtors in both your home state and the state that you’re moving to. The seller’s agent will assist you in getting your old home sold. From marketing the listing to home showings to sending you all of the paperwork that you’ll need to sign, a seller’s agent is very valuable to someone who needs to move out of one state and into another. 


The buyer’s agent can help you in your new state, communicating with you on new listings and advising you on the neighborhoods that you’ll be the most happy in. Hiring these two realtors may be one of the most important steps in your feat of moving across two different states.


With the resources that are available online, moving from state-to-state isn't as hard as it may seem. Do your research for a smooth transition. Happy moving!





Posted by Classic Properties REALTORS ® on 12/16/2018

Purchasing a house should be an unforgettable journey for all the right reasons. However, problems sometimes may arise that can make it tough to enjoy a positive homebuying experience.

Whether it's struggling to know where to search for your dream home or getting the financing you need to purchase a house, myriad problems may prevent you from enjoying a positive homebuying experience. Lucky for you, we're here to help you identify potential homebuying hurdles and eliminate such problems before they escalate.

Now, let's take a look at three tips to help you reap the benefits of a positive homebuying experience.

1. Enter the Housing Market with Clear Expectations

If you know you want to purchase a house, it helps to enter the real estate market with clear expectations. That way, you'll be better equipped than ever before to streamline your house search.

Consider what you want to find in your dream house. For example, if you want to own a house near the beach, you should conduct your home search accordingly. Or, if you want to buy a home with a big backyard and outdoor swimming pool, you can hone your home search as needed.

Think about areas where you want to reside too. By doing so, you can focus on available homes in specific cities and towns.

2. Know Your Homebuying Budget

Get pre-approved for a mortgage – you'll be glad you did. Because if you have a mortgage at your disposal, you can pursue houses in a specific price range and speed up your home search.

Obtaining a mortgage can be simple. In fact, if you meet with a variety of banks and credit unions, you may be able to get a mortgage in no time at all.

Remember, banks and credit unions employ knowledgeable mortgage specialists who are happy to assist you in any way possible. If you have any mortgage questions, these specialists can respond to your queries. And as a result, you can gain the insights you need to get a mortgage that matches your finances.

3. Employ a Real Estate Agent

A real estate agent is a difference-maker, particularly for a homebuyer who wants to seamlessly navigate the property buying journey. With a real estate agent at your side, you can achieve the best-possible results, regardless of where and when you're searching for a home.

Typically, a real estate agent will meet with you, learn about your homebuying expectations and help you map out a property buying strategy. This housing market professional can offer expert insights into the local real estate market and ensure you can pursue houses that match your expectations. Plus, a real estate agent will set up home showings, help you submit an offer to purchase your dream house and negotiate with a seller's agent on your behalf. And if you ever have concerns during the homebuying journey, a real estate agent will address them immediately.

Ready to enjoy a positive homebuying experience? Use the aforementioned tips, and you can quickly and effortlessly navigate the homebuying journey.




Categories: Buying a Home   buying tips