RE/MAX Journey



Posted by RE/MAX Journey on 3/19/2019

That time is coming if it is not already here. The kids are gone, and it is just the two of you—or, maybe there’s only one of you—and you feel like you’re rattling around the house like a couple of beans in a can. You’re tired of cleaning rooms that you never use. You’ve stopped visiting the basement, and you pretend that it isn’t even there. But you have no idea what things you should consider in purchasing that next “smaller” house. All you’ve ever planned for is that perfect house for the family, so … here are some things to consider.

If you’re still young physically, it’s hard to imagine not being able to do the things you have always done. Unfortunately, time does take its toll. 

Steps and doors...

Consider that you might want to find a single-story place with a master bedroom and maybe one guest room. That would seem simple enough, but unfortunately, not all single-level homes are created equal. The number one challenge as people get older is managing stairs. When you put “no step” in the equation, all the sudden you start to see how many steps are in many single-level homes. For example, there may be steps up to the front door, steps from the garage into the house, single steps from the dining room to the living room, a step into the bathroom, etc. Now you begin to wonder if the architect had “steps” on the brain. 

When buying your family home, you may not have even thought about doors, but there is the possibility of one day needing to use a walker or being in a wheelchair. Now, those standard doorways are a problem. Medical needs might limit you to exiting only through the front door—the only 36-inch door in the house. Oh yes, and there might be steps to get out that way as well. 

Fixed income...

The second challenge that happens as people get older, besides health challenges, is having a limited budget. In most cases, it’s fixed to your retirement income. So, it’s not just about the house payments. Even if you pay cash for your home, you still have gas, electric, and water bills. Take time understanding what those bills currently are, and determine if those will fit your budget. Then, decide if there's your room in your budget for them to up because you know that nothing goes down in cost. 

Time and effort...

Another consideration is lot size. You may really love to work outside in the garden or to have a garden that looks beautiful—even if someone else does the gardening. That is all well and good, but you should consider that there may come a time that it is too big or too costly to maintain. Do you want to move again because you cannot afford to keep up the yard or pay for all the water needed to keep it green? If you live in areas of the country that have lots of snow or ice in the winter, how much of the front walkways can you keep clean so you can come and go? If it is a large front yard with a long driveway and long sidewalks it may be more than you can handle.

These challenges are only a few of the things to consider when downsizing. Let your real estate professional know your needs now … and in the future.




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Posted by RE/MAX Journey on 3/12/2019

Buying a home is a very detail-oriented process, and there's a lot of important things you can overlook if you're not organized.

Home buyers generally have the opportunity to do a last-minute inspection of the premises to make sure everything's up to standards prior to closing on the property.

A real estate buyer's agent can accompany you on the final inspection or provide you with advice on what to look for.

If you've already visited the home a couple times and had the house professionally inspected, you're probably well-acquainted with any major malfunctions, flaws, or repair issues. In many cases, home buyers may reach an agreement with the seller to fix, replace, or make allowances for mechanical or cosmetic problems. While real estate negotiations and sales agreements are as varied as the people and properties involved, there are typically dozens of things buyers need to check on before they sign the final documents and accept ownership of the property.

Final Walkthrough Tips

As you're doing the final walk-through of the house, it's necessary to remember or have notes on the condition of the home when you last looked at it. You'll also want to have a clear idea of what appliances, fixtures, and window treatments are supposed to be remain in the house after it's been vacated by the seller. Depending on how close your final walk-through is to the actual closing, that has probably already happened.

If there's anything missing that the seller agreed to include in the sale, then that's an issue you'll want to discuss with your real estate agent or attorney. Any property damage that may have resulted from moving furniture and other belongings should also be discussed before final papers are signed. The same thing would apply to landscaping changes that appear to be inconsistent with the sales agreement. Your buyer's agent and/or lawyer can serve as intermediary in getting these issues clarified and ironed out.

To make sure your final inspection is thorough, it's a good idea to have a "final walk-through checklist" to help keep you organized and focused. You'll want to take a last-minute inventory of items that are supposed to be included with the property sale, such as appliances, lighting fixtures, furnishings, window treatments, children's play structures, hot tubs, and anything else that was agreed to in the sales contract.

Other items you'll need access to may include garage door openers, manuals for appliances and mechanical systems, warranties, invoices for repairs made, and remote control devices for things like ceiling fans, alarms, and other systems.

Your checklist and final walkthrough should focus on a variety of items, including the working condition of appliances, the electrical system, plumbing fixtures, and the condition of walls, floors, ceilings, doors, windows, and landscaping features. For a complete checklist, look online or consult your real estate agent.





Posted by RE/MAX Journey on 12/11/2018

Although buying a home should be a fast, seamless process, negotiations with a home seller sometimes can slow down the homebuying journey.

Let's face it – no one wants to deal with long, arduous negotiations, particularly when they are close to acquiring their dream residence. However, homebuyers who prepare for the worst may be better equipped than others to avoid a complicated homebuying negotiation.

What does it take to prepare for a difficult homebuying negotiation? Here are three tips to help you do just that.

1. Understand the Housing Market

If you submit a competitive offer on a residence from the get-go, you may be able to avoid a difficult homebuying negotiation altogether.

Ultimately, a homebuyer who allocates the necessary time and resources to learn about the real estate market will understand how one residence stacks up against another. Then, he or she can submit a home offer that matches or exceeds a home seller's expectations, thereby reducing the risk of an extensive homebuying negotiation.

2. Analyze Your Homebuying Goals

A homebuyer who analyzes his or her homebuying goals can map out his or her property buying journey. That way, this homebuyer can assess homes that fit within his or her price range and minimize the chance of a complex homebuying negotiation.

Furthermore, if a homebuyer sets realistic expectations for a home search, he or she may be able to make informed decisions throughout a negotiation with a home seller.

A homebuyer who knows how much he or she can afford to pay for a house will be able to submit a home offer that corresponds with his or her budget. And if a home seller asks for more money, a homebuyer should feel comfortable walking away from a negotiation.

Remember, it is paramount for a negotiation to fulfill the needs of both property buyer and seller. If the negotiation favors a home seller, a homebuyer should be prepared to restart his or her home search.

3. Keep Your Emotions in Check

It is easy for a homebuying negotiation to escalate quickly. But a property buyer who understands how to control his or her emotions can take a step back during a stressful homebuying negotiation and plan his or her next move accordingly.

Stress sometimes can get the best of a homebuyer, especially if a property buyer wants to do everything possible to secure a great home as quickly as possible. If a homebuyer plans for stressful situations now, he or she may be able to reduce his or her stress levels when a homebuying negotiation begins.

Don't be afraid to take time to relax during a homebuying negotiation. Going for a walk outdoors or hanging out with family members and friends may provide a stress-relieving break from a homebuying negotiation.

Or, if a homebuyer wants extra help, hiring a real estate agent is ideal. This housing market professional understands the challenges of homebuying negotiations and will help a homebuyer alleviate stress time and time again.

Ready to acquire your ideal residence? Use the aforementioned tips, and you can get ready for a difficult homebuying negotiation.




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Posted by RE/MAX Journey on 11/27/2018

If you plan to pursue a home in the near future, there is no need to wait to get a mortgage. Because if you enter the housing market with a mortgage in hand, you'll know exactly how much you can spend to acquire your dream house. As a result, you'll be able to map out your home search based on your property buying budget.

There are many things you can do to ensure you can get a great mortgage prior to launching a house search. These include:

1. Learn About Your Mortgage Options

Banks and credit unions offers a wide range of mortgage options. If you meet with these financial institutions, you can learn about all of the mortgage options at your disposal.

As you assess your mortgage options, it is crucial to weigh the pros and cons of each option. That way, you can make an informed decision about a mortgage and decide which option will serve you well in the years to come.

2. Ask Mortgage Questions

If you are uncertain about what differentiates one mortgage option from another, it is important to remember you are not alone. Fortunately, you can ask mortgage questions to home financing professionals to determine which mortgage option is right for you.

Banks and credit unions employ friendly, knowledgeable home financing specialists who are ready to respond to your mortgage queries. Thus, if you discuss your mortgage concerns with home financing specialists, you can get the guidance you need to choose the best mortgage based on your individual needs.

3. Improve Your Credit Score

Your credit score may have far-flung effects on your ability to get pre-approved for a mortgage. However, if you analyze your credit score, you can determine if you need to take steps to improve this score before you apply for a mortgage.

You are entitled to a free copy of your credit report annually from each of the three credit reporting agencies (Equifax, Experian and TransUnion). Take advantage of this complimentary perk, and you can analyze your credit score at your convenience.

If you have outstanding debt on your credit report, you may want to pay this off as soon as possible. Remember, the sooner you pay off outstanding debt, the sooner you can bolster your credit score.

In addition, if you identify any errors on your credit report, notify the agency that provided the report immediately. This will allow you to correct any credit report mistakes before you submit a mortgage application.

As you get set to apply for a mortgage and conduct a home search, you may want to hire a real estate agent too. A real estate agent can provide expert guidance as you pursue your dream residence. He or she will help you find a house that matches your budget, attend home showings and much more.

Ready to launch a comprehensive home search? Get pre-approved for a mortgage, and you can take the first step to establish a budget for the homebuying journey.




Tags: Buying a home   Mortgage  
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Posted by RE/MAX Journey on 11/6/2018

Regardless of when or where you search for a house, a home buying checklist is essential. With this checklist in hand, you can quickly and effortlessly discover a residence that suits you perfectly.

Now, let's take a look at three factors to incorporate into your home buying checklist.

1. Your Home Buying Timeline

Account for how much time is available to find and purchase a house. That way, you can boost the likelihood of getting the most out of the time and resources at your disposal.

As you create a home buying checklist, consider how much time you have before you need to relocate from your current address. Then, you can see how much time you have to pursue your dream home and evaluate the steps you will need to take to make that process run smoothly.

2. Your Home Must-Haves and Wants

Consider what you absolutely require from your new home. For instance, if you need a house that is close to your office in the city, you should check out homes in or near the city itself. Or, if you require a home that offers ample space for you and your children, you should hone your search to residences that have two or more bedrooms.

Of course, it helps to create a list of home wants and needs when you develop a house buying checklist. With the ability to evaluate your home needs at any time, you will be better equipped when deciding if a particular house is right for you.

3. Your Home Buying Budget

You know you want to purchase a house, but your current financial situation may be limited. Fortunately, if you prepare a home buying budget, you will know how much you can spend on a residence and map out your search accordingly.

Oftentimes, it helps to meet with credit unions or banks before you begin a home search. Credit unions and banks can teach you about different types of mortgages and how they work. Plus, these financial institutions can help you get pre-approved for a mortgage.

For those who want to streamline the home buying journey, it's a good idea to hire a real estate agent, too. A real estate agent can help you craft a home buying checklist, as well as provide tips and guidance as you search for your ideal house.

A real estate agent understands what it takes to find a terrific house at a budget-friendly price. First, a real estate agent will help a buyer evaluate the local real estate sector and narrow their home search. A real estate agent will also help a buyer discover a home that matches their expectations. Finally, a real estate agent will work with a buyer to put together a competitive offer to purchase this residence.

Craft a home buying checklist today – you will be happy you did. Once you have a home buying checklist, you can more seamlessly navigate the house buying journey.




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