Svetlana Sheinina


Posted by Svetlana Sheinina on 7/16/2019

Are you planning on buying a home by a certain date? Itís unfortunate that life canít go as we plan it all the time! With a bit of planning finding the right home at the right time is possible. Many times, families are looking to buy a home before the end of the summer. This allows them to get settled in and get the kids started in a new school before the start of the year in September. Just because there are more popular times throughout the year to move doesnít mean that the inventory of homes changes much as to whatís on the market. Whatever the reason for the short supply of homes, youíll need to be informed and creative in order to land a house in a high demand market when itís crunch time. Below, youíll find some tips to help you on your search.


Research Your Location Ahead Of Time 


Every housing market has a bit of a down time. You want to pinpoint that period. Does your location have a time of year where people flee the area for vacations? The holiday season can also be a great time to look. There may still be low supply, but there also will be less competition. Do a bit of research in order to find pricing trends. When the prices dip, youíll know thatís a time where competition for homes is lower.


Always Have Your Finances In Order


When youíre buying a home, no matter what time of year it is, you need to have your lender on call. Make sure that you have been preapproved and that your downpayment money is at your disposal. Sellers like serious buyers who are ready to pass paperwork.  


Know What Youíre Willing To Compromise On


When youíre buying a home on a timeline, you may not have the luxury of searching around endlessly to meet your wishlist. You should have a few musts, but there may be many things that youíll need to work with or compromise on in finding the right property. You may be able to find a home in the right neighborhood, but it might not have the granite countertops that youíre looking for. When time is of the essence, your home search priorities need to be set straight.  


Donít Look For Bargains


When youíre in a time crunch to land a home, you donít want to fool around with price. In order to land a home that you love, you might have to offer a bit more than the asking price. Thereís no space for a bidding war, a low offer, or an extended search when you need to buy a home fast.          

  




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Posted by Svetlana Sheinina on 5/21/2019

If you've set a goal of buying your first home within the next year, there are several things you can begin doing now to set the stage for a positive experience.

While it pays to familiarize yourself with everything from your credit score to mortgage options, choosing a good real estate agent will prove to be an invaluable advantage when navigating through the process of buying a home. An experienced, knowledgeable agent will help keep you on track, prepare necessary documents for you, and answer the myriad of questions that will occur to you.

Should you choose the first real estate agent you talk to? People occasionally find a perfect fit right off the bat, but it's often a good idea to interview a couple agents before you make your final decision. Having one or two points of comparison can provide you with a wider perspective of available choices.

Not only would you want to work with a professional who has a successful track record in helping first-time home buyers, but you also want to make sure your personality is compatible with your agent's communication style and energy level. Unless you stumble on the home of your dreams on the first day, you're probably going to be spending a lot of time with them. Most real estate agents do tend to be knowledgeable, resourceful, and service oriented, but your journey will be a lot smoother and more satisfying if you sign on with an agent who's a good match for your individual needs and personality.

One of the most effective ways to prepare yourself for a real estate search is to create lists of things you need to do, have, and schedule. It's also helpful to prioritize what you want in your ideal house. By identifying and reminding yourself of the features that are most important to you, you'll have a greater tendency to recognize what you want when you see it. You'll also find yourself communicating your needs and wants more clearly to your real estate agent. As is the case with any professional or personal relationship, good quality communication usually yields the best possible results.

As a home buyer, there are many property features and priorities you'll want to ponder and discuss with your significant other. In addition to your future home's square footage, bedroom space, and number of bathrooms, you may also be interested in the reputation of school districts, the character of neighborhoods you're considering, and the amount of privacy each property affords.

Another list worth compiling before you get too far into the house hunting process is a personal budget. By seeing how your income stacks up against your monthly expenses, you'll be in a stronger position to determine a realistic price range for your next home.





Posted by Svetlana Sheinina on 4/23/2019

If you plan to purchase a house soon, you may want to narrow your home search. In fact, there are many reasons why you should hone your house search, and these include:

1. You can seamlessly navigate the homebuying journey.

The homebuying journey may seem tough to navigate, regardless of whether you're a first-time or experienced property buyer. Thankfully, narrowing a home search enables you to speed up the process of going from homebuyer to homeowner.

Ultimately, a refined home search allows you to focus exclusively on residences in your preferred cities and towns. This will make it simple for you to find houses that fall within your price range, set up home showings to view these residences and proceed accordingly.

It also may be beneficial to craft a list of home must-haves and wants before you conduct a house search. With homebuying criteria at your disposal, you can further accelerate the homebuying journey.

2. You can act quickly to acquire your dream house.

As a homebuyer, you must be ready to pounce at the opportunity to purchase your dream house. Because if you hesitate during the homebuying journey, you may miss out on the chance to buy your ideal residence.

If you narrow your home search, you may be better equipped than other homebuyers to act quickly to submit an offer to purchase a great house at an affordable price. And if your offer to purchase is accepted, you then can move one step closer to acquiring your dream home.

3. You can avoid wasting time and resources.

When it comes to finding a home, it generally is a good idea to plan ahead as much as possible. That way, you can avoid the risk of wasting time and resources throughout the homebuying journey.

With a refined home search, you can increase the likelihood of maximizing your time and resources. A refined home search ensures you can focus solely on residences that you are sure to enjoy and avoid houses that are unlikely to match your expectations. Then, you can find your ideal home and transform your homeownership dream into a reality.

As you get ready to start a house search, you may want to collaborate with a real estate agent. By hiring a real estate agent, you can receive plenty of support as you evaluate residences.

A real estate agent understands what it takes to find a house in any city or town. He or she will learn about you and your homebuying goals and offer personalized home search tips. Plus, a real estate agent will set up home showings and keep you up to date about open house events. Perhaps most important, a real estate agent will respond to your homebuying concerns and questions and ensure you can make informed decisions at each stage of the homebuying journey.

Take the guesswork out of finding the right house at the right price Ė hire a real estate agent, and you can receive expert assistance as you search for your ideal residence.





Posted by Svetlana Sheinina on 3/26/2019

The prospect of buying your first home is both exciting and nerve-wracking. On one hand, owning your own house is the final step of financial independence. Youíre no longer accountable to a landlord and their rental agreement. On the other hand, buying a home is a huge financial decision that will determine where you live for the next several years.

As a first-time buyer, thereís a lot to learn about buying a house. Youíll often hear homeowners say, ďI wish I knew that before buying this house.Ē So, in this article, weíre going to give you some common mistakes that first-time buyers make so you can have the best possible experience in the home buying process.  

1. Underestimating the costs

When first-time buyers get preapproved for a mortgage, they sometimes see this as permission to spend whatever amount theyíre approved for. However, even after closing costs, there are a number of other expenses youíll need to account for in your budget.

Youíll be responsible for maintenance, utilities, taxes, and repairing things when they get old. If all of your money is tied up just paying your mortgage and other bills, you wonít have anything left over to maintain your house.

Furthermore, living your life just to make your mortgage payments is draining. Instead, buy a house that gives you enough room to save for retirement, vacations, a family, or whatever else you see in your future.

2. Prequalify first

Before you start shopping for homes, make sure you meet some basic prerequisites. Youíll need a solid credit score, steady income history, and money saved for a down payment. You might set yourself up for disappointment looking at homes that are outside of your spending limit if you donít get prequalified first.

3. This probably isnít your last home

While itís okay to dream about the future, donít set unrealistic expectations for your first home. You can always upgrade later on, and building equity in your first home is a good way to help you do that.

4. Donít get too attached to your ďdream homeĒ

So, youíve been shopping around for a few weeks and finally found the perfect house. If everything goes well your offer could get accepted. But if it doesnít, donít worry about it. There are constantly new houses appearing on the market, and thereís a good chance youíll like one even more than this one.

5. Donít waive contingencies without good reason

Contingencies are there to protect you. They might seem like a way to needlessly complicate a contract. Or, you might think that waiving them makes you look better in the eyes of the seller. However, both sellers and their agents know that contingencies serve an important purpose.

The three main contingencies youíll want when buying a home are an appraisal contingency, financing contingency, and an inspection contingency. Unless youíre buying under special circumstances, youíll want to keep all three in your contract. 





Posted by Svetlana Sheinina on 2/26/2019

Shopping for a house is a high-stakes game. If youíre a first-time buyer, it can be difficult to gauge the value of various components and features of a home. Appraisals are designed for just this reason.

However, an appraisal is a subjective tool to determine a rough estimate. Furthermore, there are a number of things you canít learn from an appraisal--such as how convenient the home would be for your work commute.

In this article, weíre going to help you, the homebuyer, determine the true value of a home as it would mean to you in your everyday life. Read on for tips on finding out the value of that home youíve been dreaming of and deciding whether itís really the best home for your budget.  

Appraisals are a baseline

When lenders are in the process of approving your home loan, theyíll want to decide whether the home youíre buying is worth the amount youíre paying. To achieve this, theyíll typically hire a third-party appraiser.

Find out from your lender which appraiser they use and read their online reviews. This will ensure that theyíre a trustworthy source of information. Also be sure to check that the appraiser is certified and that they work with a diverse range of clientele (not just your lender!).

Since youíll likely be paying the appraisal fee as part of your closing costs, make sure youíre happy with the appraisal and appraiser.

Key appraisal factors

After the appraisal, consider getting a second opinion or inspection of any of the key components of your home that may impact the appraisal. Some of these factors include:

  • The roof, HVAC system, and septic systems

  • The energy-efficiency of the home

  • The current market value in the area

  • The general upkeep of the home--a few cosmetic problems shouldnít affect the home value much, but serious neglect can cause long-lasting and expensive issues like mold, water damage, pest invasion, and more

What an appraisal canít tell you

Now that weíve discussed the nuts and bolts of home value, we have to venture into what value means to you and your family. Youíll need to ask yourself a series of questions, and some of them wonít have a cut-and-dry answer.

First, how well does this home fit into the work life of you and your spouse? Will it mean a shorter commute, and therefore lower transportation costs and more free time? Putting a dollar value on an extra thirty minutes not spent in traffic can be difficult, but itís a worthwhile exercise to take part in.

Furthermore, does the house have features that will make it a better asset in years to come? Energy-efficiency, proximity to in-demand schools, businesses, etc., can all be selling points for future buyers that are willing to pay more for your home.


Using a combination of a certified appraisal and some introspection, you should be able to come to a confident conclusion as to the value of the home as it means to you and your family.




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