Marty Green Properties



Posted by Marty Green Properties on 4/23/2019

The homebuying journey should be fast and seamless, but problems may arise that prevent you from accomplishing your desired goals. For example, if a buyer with a poor credit score fails to get financing before submitting an offer to purchase a house, this individual may struggle to acquire his or her dream residence. Or, if a buyer fails to evaluate various housing market data, he or she may miss out on opportunities to purchase the right house at an affordable price.

There is no need to worry about homebuying crises. Lucky for you, we're here to guide you along the homebuying journey and ensure you can mitigate problems that otherwise may make it difficult for you to buy your dream house.

Avoid homebuying crises Ė here are three tips to help you minimize the risk of encountering problems during the homebuying journey.

1. Learn About the Local Housing Market

The housing market is complex, regardless of whether you are pursuing residences in small towns or big cities. Fortunately, plenty of housing market data is available to help you understand real estate patterns and trends. This information can help you map out your homebuying journey based on the current housing market's conditions.

Typically, it helps to look at the prices of recently sold houses in your preferred cities and towns. This information highlights whether house sellers are receiving offers at or above their initial asking prices and may help you differentiate a buyer's market from a seller's one.

You also should examine the prices of available houses that match your homebuying criteria. That way, you can hone your home search and accelerate the homebuying journey.

2. Get Pre-Approved for a Mortgage

Believe it or not, it usually does not take long for a homebuyer to get pre-approved for a mortgage. In fact, banks and credit unions can quickly teach you about different home financing options and ensure you can make an informed mortgage decision.

If you receive pre-approval for a mortgage, you can enter the housing market with a budget. Then, when you discover your dream house, you can submit an offer to purchase with home financing in hand.

3. Work with a Real Estate Agent

A real estate agent is a must-hire, especially if you want to limit the risk of potential crises during the homebuying journey. With a real estate agent at your side, you can identify homebuying problems and resolve these issues before they escalate.

Generally, a real estate agent will support you at each stage of the homebuying journey. He or she first will learn about you and your homebuying goals. Then, a real estate agent will create a personalized homebuying strategy to help you accomplish the optimal results. And if you have concerns or questions during the homebuying journey, a real estate agent is happy to respond to them.

Prevent homebuying crises Ė use the aforementioned tips, and you can increase the likelihood of a successful homebuying experience.




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Posted by Marty Green Properties on 4/9/2019

Buying a new home can be an exciting but anxiety-inducing experience. With so many things to consider, it can be difficult to keep track of the things that matter most to you.

This process is complicated further when you discover a second or third home that you like as much as the first and youíre trying to decide which one to make an offer on.

In todayís post, weíre going to talk about how you can effectively compare houses to ensure that youíre making the most sensible, long-term decision for you and your family.

Itís all about the spreadsheet

Today, our method isnít going to rely on any fancy new apps or paid tools. Everything you need to accomplish your spreadsheet is a tool like Google Sheets (itís like a free version of Excel) or a simple pencil and notebook.

The columns of your spreadsheet will be made up of the factors that will influence your decision. This will include the obvious details like the cost and square footage of the home, but also finer details like its proximity to key places in your life.

The rows of your spreadsheet will be the properties youíre comparing. Now, it may be tempting to start listing every house on your radar in the columns of your spreadsheet. However, I think itís more time-effective to only include the homes that youíre likely to make an offer on. This means doing some hard thinking and having a conversation with your family about your realistic goals for buying a home.

What is most important to you in a home and neighborhood?

Letís turn our attention back to the top row of your spreadsheet. We want to fill that section with around 10 factors that are most important to you in a home and the location the home will be in.

In this section, you can include the estimated cost of the home and the estimated monthly expenses for owning that home (utilities, taxes, etc.).

Hereís the secret weapon of our spreadsheet, however. Rather than listing the actual cost of the home in this row, weíre going to give it a rank of 1 to 5. A score of 1 means the house is a lot more expensive than you want. A score of 5 means the house is the ideal cost. A 3 would be somewhere in the middle.

Weíre going to use this 1 to 5 ranking system for all other factors on our spreadsheet as well.

Next to these costs, youíll want to add other important factors to your home buying decision. Does it have the number of rooms youíre looking for? If a backyard is important to you, does it provide for that need?

In terms of upgrades, how much work will you have to do on the home to make it something youíre satisfied with? For DIY-minded people with time to spare, home improvement might be a welcome concept. For others, it simply would take too much time to accomplish everything you want. So, when you fill out the ďUpgradesĒ column of your spreadsheet, make sure you determine a system for ranking the homes that suits your needs.

House location shouldnít be overlooked

Itís a sad truth, but in todayís busy world, the average homeowner spends most of their time away from home, whether theyíre at work, commuting, or bring their kids to and from after school activities.

Youíll want at least one column on your spreadsheet to be devoted to location. When ranking the location of a home, consider things like commuting time, distance to schools, hospitals, parks, and grocery stores. All of these things will have a larger impact on your day-to-day life than small details of the house itself.

Ranking the homes

Now that you have the first row and column of your spreadsheet built, itís time to fill in the details and tally up the totals. These numbers will help inform your decision as to which house is really right for you.




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Posted by Marty Green Properties on 4/2/2019

Ready to acquire your dream home? Although you might have already located your ideal residence, you may need to negotiate with a home seller. By doing so, both you and a home seller will be satisfied with the final results of a property transaction.

However, a homebuying negotiation sometimes can be tricky. And if you fail to keep your cool throughout a negotiation, you may miss out on the opportunity to purchase your dream residence.

What does it take to remain calm during a homebuying negotiation? Here are three tips to help you do just that.

1. Take Your Emotions Out of the Equation

Don't take it personally if a home seller wants to negotiate. Instead, view it as an opportunity to ensure all parties involved in a home sale get the best results possible.

In many instances, it's easy for homebuyers to let their emotions get the best of them. But if you feel overwhelmed by stress and frustration, it is essential to take a step back and assess the situation. That way, you can avoid making any rash decisions that could put your chance to purchase a top-notch house in danger.

Try to maintain a positive outlook throughout a homebuying negotiation. Also, don't hesitate to reach out to family members and friends for support, as these loved ones likely can help you analyze any homebuying hurdles and find ways to overcome them.

2. Know Your Options

You may invest many hours in a homebuying negotiation, and you might even make various concessions along the way. But despite your best efforts, there are no guarantees that your homebuying negotiation will be successful.

For homebuyers, it is important to remember that there are plenty of houses available in cities and towns nationwide. Therefore, if a homebuying negotiation goes sour, you can walk away and start a new search for a terrific home.

3. Consult with Your Real Estate Agent

When it comes to negotiating a home purchase, a real estate agent can make it easy to streamline the process of acquiring your dream residence. This housing market professional can serve as a liaison between you and a home seller. As such, he or she will do everything possible to deliver exceptional results for all parties involved in a homebuying negotiation.

Your real estate agent can take the guesswork out of a homebuying negotiation. This real estate expert can respond to any concerns or questions you may have throughout a negotiation. In addition, he or she will provide honest, unbiased recommendations to help you make informed homebuying decisions.

Perhaps best of all, your real estate agent can help you alleviate stress during a homebuying negotiation. He or she will provide you with world-class guidance, enabling you to stay calm, cool and collected as you search for your ideal residence.

Don't let your emotions overwhelm you during a homebuying negotiation. Conversely, use the aforementioned tips, and you can maintain your composure throughout a homebuying negotiation and boost your chances to acquire a first-rate house.





Posted by Marty Green Properties on 2/26/2019

House hunting can be time-consuming. With so many houses currently on the market and so little time to spend visiting homes, itís important to narrow down your search as much as possible before attending a showing.

Fortunately, in todayís digital world, itís possible to learn a great deal of important information right from your phone or computer.

In todayís post, Iím going to give you some advice on researching the homes youíre thinking about making an offer on. Weíll talk about researching the neighborhood, and--of course--the house itself.

Putting together all the stats on the home

Letís start with, arguably, the most important thing to research: the house itself. When you want to learn about a home, the best place to look is usually the real estate listing. Since most of us discover homes through listings, odds are youíre already on this page. However, thereís a lot of information in a listing, so take the time to go through it and gleam whatever you can from the homeís description.

Next, Google the house address and click on listings from other real estate sites. Oftentimes, a house that has been sold before will have multiple listings across the internet with different data.

Once youíve scoured the listings, head over to the county assessorís website to look at records of the homeís ownership. This will tell you who bought and sold the home and when. Thereís much you can learn from this data, especially if a home is being sold frequently. You can also use this information to contact previous owners to ask them questions about the home that the current owner might not know the answer to.

Snooping around the neighborhood

If the house is nearby, simply driving through the neighborhood can tell you a lot. You can visit the neighborhood during rush hour to see what the traffic is like, for example.

However, it isnít always practical to take the time to visit a house that you arenít sure youíre interested in. So, whatís the next best thing? Google Maps.

Visit the neighborhood on Google Maps to see whatís in the area. Are there a lot of closed businesses? That could be a sign of a neighborhood in decline. Check for nearby things like parks, grocery stores, and other amenities that could influence your buying decision.

Next, use Googleís ďstreet viewĒ feature and explore the neighborhood. You can see what kind of shape the other homes are in, and find out the condition of infrastructure like roads and sidewalks.

Note addresses of comparable homes in the neighborhood and look up their purchase prices. This will give you an idea of whether the home is being priced appropriately.

If youíre having trouble finding information on a home, such as sale records, try contacting the local assessor. They should be able to point you to a database that will help you in your search.





Posted by Marty Green Properties on 12/4/2018

Buying a house is never a simple decision. Aside from all of the financial aspects of purchasing a home, there are numerous life-related considerations youíll need to think about. So, it comes as little surprise that diving head on into the house hunting process can be stressful and taxing to the home buyer.

With all of the different numbers to keep track of--a down payment, closing costs, credit scores, interest rates, and so on--itís easy to get lost in the finer details of your budget. This can lead to even more stress as you try to navigate your way through getting approved for a mortgage and shopping for the perfect home.

In this article, weíre going to give you some tips on how to maintain your budget and reduce stress throughout the home buying process. That way, when you do finally find the house youíve been waiting for, youíll be able to move forward confidently.

Trust the process

Many first-time home buyers enter the real estate market with little knowledge or experience of how things work. Any newcomer to such a huge and complex industry is bound to be flustered with all of the different options available to them.

However, much of the home buying process is relatively standardized. Real estate agents all make roughly the same commission, lenders use similar algorithms to decide how much of a loan youíll be approved for, and real estate contracts contain legal safeguards and contingencies to ensure that you and the sellerís interests are protected.

When shopping for a mortgage or getting pre-approved, itís a good idea to ask friends, family, or read reviews online to find someone you know you can trust. From there, rely on the experts to lead you through the process.

Have a long-term plan

Much of the stress and anxiety around buying a home comes from the uncertainty of the future. Sitting down with your family and significant other and deciding your long-term goals for homeownership is a good way to build confidence and know that youíre making the right choice.

Determining things like location, the number of years you want to live in a home, and what priorities are the most important (school districts, neighborhood safety, etc.) will help you make that plan a reality.

Use the tools at your disposal

If youíre reading this article, you already have started to take advantage of one of the most important resources you have, the internet. Look up real estate terminology youíre unfamiliar with, read up on the different types of mortgages, and take advantage of free online calculators to create what-if scenarios to find out what you might end up paying in closing costs and interests.

Itís also a good idea to check your credit score for free online. You can check your official reports once per year, but for simple credit checks you can look it up each month for free.

Knowing that youíre in good hands with a lender and agent, that you have a basic understanding of industry terms, that you have a long-term plan, and that your finances are in order will all help set your mind at ease and give you confidence as you move forward toward homeownership.




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