Ben Esposito - RE/MAX Real Estate Center



Posted by Ben Esposito on 5/27/2018

Let's face it Ė purchasing your dream home may prove to be an uphill climb, particularly for a homebuyer who fails to prepare accordingly. Lucky for you, we're here to help you make your homeownership dream a reality and ensure you can discover your ideal residence in no time at all.

Now, let's take a look at three tips to help you get ready to pursue your dream house.

1. Establish Homebuying Criteria

Finding your ideal house can be quick and easy if you establish homebuying criteria before you launch a home search. In fact, with homebuying criteria in hand, you can narrow your house search and speed up the homebuying journey.

To create homebuying criteria, you first should think about cities and towns where you want to live. Next, analyze houses in your preferred cities and towns and consider home must-haves and wants. Once you know exactly what you want to find in your dream house and where you want to reside, you can schedule home showings and move closer to finding your ideal house.

2. Get Pre-Approved for Home Financing

Homebuyers rarely have all the money they need to buy a home. Thankfully, banks and credit unions offer a wide range of mortgage options to make it simple for homebuyers to purchase residences. And if you meet with banks and credit unions, you can review your mortgage options and get pre-approved for home financing.

Obtaining a mortgage may help you streamline your house search because it enables you to establish a homebuying budget that you can use to hone your quest to find your dream home. Perhaps best of all, getting pre-approved for a mortgage may help you resist the temptation to spend beyond your means to purchase your ideal residence.

3. Hire a Real Estate Agent

Navigating the housing market on your own can be challenging for first-time and experienced homebuyers alike. Fortunately, real estate agents are available who can help you take the guesswork out of pursuing your dream house.

A real estate agent is a housing market expert who understands what it takes to complete a successful home search. He or she will meet with you, analyze your homebuying goals and map out a homebuying strategy. Then, a real estate agent will work with you to help make your homeownership dream come true.

As you conduct your home search, a real estate agent will keep you up to date about new residences that become available in your preferred cities and towns. He or she also will set up house showings and offer insights into the local real estate market. Furthermore, if you find your dream house, a real estate agent will help you craft a competitive offer to purchase this residence. And if your homebuying proposal ultimately is accepted, a real estate agent will guide you through the final stages of the homebuying process.

Start your search for your dream house Ė use the aforementioned tips, and you can boost the likelihood of a successful homebuying journey.




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Posted by Ben Esposito on 5/6/2018

Shopping for a new home is difficult and time-consuming. With all of the homes listed for sale, itís tempting to want to visit all of them. However, if youíre juggling house-hunting with your work and personal life, then you likely wonít have time to set aside many hours to visit several homes.

 This is where you can use technology to your advantage. With free, modern tools online you can find out plenty about a house and the neighborhood itís in without ever having to go and visit it. Better yet, you can do so in just a few minutes right from home.

 In this article, weíre going to teach you how to become a real estate investigator from the comfort of your own couch, helping you save time while hunting for the perfect home for you. 

 Know what youíre looking for

While itís okay to browse homes for pleasure, when it comes to getting serious about buying a home youíll want to keep your search as specific as possible. Think about what you or your family need in a house and neighborhood, rather than focusing on idealized versions of those things.

A good way to do this is to sit down and make a list of your budget and the five most important things youíre looking for in a home. These could be things like distance to work, being in a certain school district, or having a certain number of bedrooms. Once you have these details in mind you can begin your search.

Search tools

There are a number of search tools for locating homes near you. The key to searching, however, isnít the tool you use but how you search. Refer to your list for things like room numbers, square footage, and location.

If you donít come up with as many hits as youíd like, try setting up email or text alerts so you can be made aware of the new results for your area.

Once you have a list of about ten properties, youíre ready to start researching them further to see which sellers you want to contact to view the home.

Researching a potential home

Many people are surprised at the number of things you can learn about a home just from a Google search. However, Google will be an indispensable tool in your search for the perfect home.

Letís start our search on Google Maps. Type in the address for the house youíre researching and see if there are any photos of the home that arenít on the listing page. Next, enter the satellite view of the home to get an idea of the layout of the home and property.

While youíre in Google Maps, itís a good idea to browse the local area for businesses, hospitals, schools, parks, and other services that might affect your decision. Then, set a driving route between the house and your place of work to find out how long it would take you to get to work if you moved there.

Once youíre done in Google Maps, head back to the Google search page and browse the results for the address. This could show you information on previous owners, prices, and crime statistics. All of this will be useful information in your search.

Repeat this search method for the rest of your homes on your list and youíll be narrowing down potential homes to visit in no time.





Posted by Ben Esposito on 4/22/2018

Searching for a new house that will meet your needs without breaking your budget can sometimes feel overwhelming! There are dozens of factors to consider and countless details to handle at any point in time.

Fortunately, there are strategies for getting it all done, maintaining your sanity, and being satisfied with the final outcome.

If you feel like you're getting off track (or can't even find the train station), here are a few tips for getting organized:

Create a priority list. If you haven't clarified and discussed with your spouse what you want and what's important to both of you, then there's a good chance you won't get it. You do not have to go it alone, though! A top-notch real estate agent can help you create a working list of priorities and preferences that you can use as a measuring stick when evaluating homes for sale. Better still, once you develop this list with your agent, he or she will have the information they need to efficiently locate properties that conform to your wish list and requirements. Your priority list will be based on a lot of criteria, including your desired lifestyle, the size of your family, and proximity to good schools, recreation, and shopping centers. If may also be important to you to live within a short drive to work, childcare facilities, or houses of worship. One of the best ways to organize your wants and needs is to get a copy of a homebuyers' "wish list" from your Realtor or the U.S. Department of Housing and Urban Development (HUD). Key factors to consider when developing your list may include items like architectural style, the amount of remodeling you're prepared to do, and the size of the yard. Privacy, space between neighboring houses, and distance from busy highways are also important factors to weigh.

Choose the right real estate agent: The ideal way to find a real estate agent you'll be pleased with is to get recommendations from family, friends, and trusted business associates. If someone you know well has had a favorable experience with a specific real estate agent, chances are good that your experience would be similar. Since most real estate agents value referrals, a smart agent will strive to make a positive impression on both you and the person who referred you. It's often advisable to talk with more than one real estate agent before making your final decision, though. That way you'll be in a position to compare qualities like experience, knowledge, personality, rapport, and energy level. It's vitally important that you feel comfortable with the agent you decide to work with, and that they're responsive to your questions, concerns, and requirements.

While a "wish list" and a "must have" list are essential components of a successful real estate search, the process unfolds much more smoothly when you remain open minded, flexible, and realistic.





Posted by Ben Esposito on 4/1/2018

If you're ready to pursue your dream house, it generally is a good idea to enter the real estate sector with an open mind. In fact, there are many benefits to keeping your options open as you search for your ideal residence, and these benefits include:

1. You may be able to discover a bargain.

As you kick off your home search, it helps to pursue houses in a wide range of cities and towns. Doing so can help you separate your dream home must-haves from your wants. Also, this may enable you to find an affordable residence that matches or exceeds your expectations.

There is no telling whether a real estate market will favor buyers or sellers. The housing sector fluctuates constantly, and a buyer's market today may morph into a seller's market tomorrow.

Luckily, if you maintain an open approach to buying a house, you can remain patient as you search for your perfect residence. Perhaps most important, you can capitalize on homebuying opportunities as they become available and avoid the temptation to overspend on a house.

2. You can move quickly to acquire your dream residence.

With an open approach to the homebuying journey, you should have no trouble moving quickly to acquire your ideal residence. If the opportunity presents itself to buy a great house at a terrific price, you can submit an offer and proceed accordingly.

Of course, you should always think ahead before you submit an offer on any house, at any time. If you put together a competitive offer on a residence, you may receive an instant "Yes" from a home seller. Then, you can seamlessly finalize your home purchase and move into your dream residence.

3. You can minimize stress throughout the homebuying journey.

Buying a home is a major decision, and as such, stress can be problematic throughout the homebuying journey. If you are open to new ideas as you pursue a home, however, you may be better equipped than ever before to purchase your perfect residence.

Remember, stress may force a homebuyer to make rash decisions Ė something that a homebuyer probably wants to avoid at all costs. But if you're willing to take a deep breath and step back from the homebuying cycle at times, you can look at the big picture. And as a result, you can remain calm, cool and collected as you consider all of your homebuying options.

For those who are looking for extra help in their pursuit of the perfect home, it may be beneficial to hire a real estate agent too. This housing market professional can share details about a broad array of houses in cities and towns where you want to live. Plus, a real estate agent can keep you informed about new residences as they become available, help you submit offers on houses and much more.

Make your homeownership dream come true Ė take an open approach to the homebuying journey, and you may be able to accomplish your homebuying goal faster than ever before.




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Posted by Ben Esposito on 3/18/2018

Buying a home is a lengthy process that requires months or even years of planning. The end result, however, is to have a home you can truly call your own and to own equity that you can then use later down the road.

Figuring out the right time to buy a home can be difficult for prospective homeowners. Youíll need to have a firm grasp on your finances and personal goals for what you want your life to look like for the next 5 or more years.

Buying a home in more than just a financial commitment. It also means you take on all of the responsibilities of owning that home. Maintenance, both inside and out, can take up a significant amount of your time.

Furthermore, owning a home ties you down to one area. Youíll need to determine if youíre ready and able to settle in one area for the next 5-7 years. This has implications for careers and for family life. Will your job bring you elsewhere? If you change jobs, are there ample opportunities where you live? These are just a couple of the questions youíll need to ask yourself before deciding whether youíre ready to buy a home.

To simplify the process, Iíve created a checklist for some of the things youíll need before youíre ready to buy a home. While this list does cover the basics, there may be other factors unique to your circumstances that youíll have to take into consideration.

So, if youíre thinking about buying a home sometime in the near future, read on for the checklist. And, keep in mind that these are not necessarily mandatory before buying a home. But they will give you the best chance of making a solid investment and securing financial stability.

The home buyerís preparedness checklist

  • Raise your credit score to 750 or more. A score in the ďexcellentĒ range will help you get the lowest possible interest rate on your mortgage. Itís possible to get approved for a mortgage with a score that is much lower, but a high score is ideal and can help you avoid PMI and a high interest rate.

  • Have an emergency fund saved. You donít want to buy a house and then suddenly find yourself needing money for an emergency. Save a monthís worth of expenses before your down payment.

  • Have an active budget plan for saving up your down payment. Creating a dedicated savings account that you automatically have a portion of your pay deposited into is a good way to ensure that you meet your savings goals.

  • Bolster the case for your financial stability. Lenders will want to see that your income is predictable and regular. Keep records of your income, tax returns, and anything else that can help show that youíre making more than enough money to safely lend to.

  • Have open conversations with your family. If youíll be buying a home with a spouse and/or children, discuss what youíre looking for in a home. This can include location, size, etc. Itís a good idea for everyone to be on the same page before you ever start shopping for a home.

  • Get preapproved. Getting preapproved for a home loan will make you a better prospective buyer in the eyes of sellers.

  • Run the numbers again. Aside from your mortgage payments, youíll also have to pay utilities, trash removal, property taxes, and any other expenses related to the home. Make sure you can comfortably afford these while still contributing to savings.




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