RE/MAX Advantage I



Posted by Mark Consolmagno Michelle Curran Team on 6/6/2018

Finding a mortgage lender should be easy, particularly for homebuyers who want to purchase a high-quality residence without having to worry about spending too much. However, many mortgage lenders are available nationwide, and the sheer volume of lenders can make it difficult to choose the right one.

Lucky for you, we're here to help you streamline the process of selecting the ideal lender.

Now, let's take a look at three tips that homebuyers can use to accelerate the process of choosing the perfect lender.

1. Know Your Credit Score

Your mortgage interest rate may vary based on your credit score. As such, you should learn your credit score before you begin your search for the right lender. This will enable you to boost your credit score if necessary – something that may help you get a preferred mortgage interest rate.

You are eligible for one free copy of your credit report annually from each of the three major credit reporting agencies (Equifax, Experian and TransUnion). Request a copy of your credit report, and you can find out your credit score and map out your search for the ideal mortgage lender accordingly.

2. Meet with Several Mortgage Lenders

There is no shortage of mortgage lenders in cities and towns around the country. Therefore, you should allocate the necessary time and resources to meet with several credit unions and banks to explore all of your mortgage options.

Each lender can provide details about fixed- and adjustable-rate mortgages, how these mortgages work and other pertinent mortgage information. This information can help you make an informed decision about a mortgage.

In addition, don't hesitate to ask questions when you meet with a mortgage lender. If you obtain plenty of information from a mortgage lender, you'll be able to understand the pros and cons of various mortgage options and make the best choice possible.

3. Review a Mortgage Closely

A mortgage may enable you to secure your dream residence, but it is important to understand all of the terms and conditions associated with a mortgage before you select a lender.

For example, if you decide to purchase a condo, your mortgage might only cover the costs of your property. Meanwhile, you still may be responsible for condo homeowners' association fees that total hundreds of dollars each month, so you'll need to budget properly.

Of course, you should feel comfortable working with a mortgage lender as well. The ideal mortgage lender should be available to answer your concerns and questions at any time and help you stay on track with your monthly mortgage payments.

If you need extra assistance as you consider the mortgage lenders in your area, you can reach out to a real estate agent for additional support. This housing market professional can provide insights into mortgage interest rates and may even be able to connect you with the top local lenders.

Take the guesswork out of finding the right mortgage lender – use these tips, and you can move one step closer to getting the financing you need to buy your dream residence.




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Posted by Mark Consolmagno Michelle Curran Team on 3/14/2018

The homebuying journey may seem daunting at first. Lucky for you, we're here to help take the guesswork out of finding and acquiring your dream house.

Now, let's take a look at three tips to help you approach the homebuying journey with poise and confidence.

1. Be Diligent

A diligent homebuyer may be better equipped than others to enjoy a seamless and successful property buying experience. In fact, this buyer likely will do whatever it takes to find the right house at the right price, regardless of the current real estate market's conditions.

To become a diligent homebuyer, it generally is a good idea to learn about the housing market in your preferred cities and towns. With this information, you can determine whether you're pursuing a home in a buyer's or seller's market and plan accordingly.

Furthermore, it may be beneficial to get pre-approved for a mortgage. If you enter the housing market with a mortgage, you'll know exactly how much you can spend to acquire your dream house.

2. Know Where You Want to Go

Establish homebuying criteria – you'll be glad you did. If you know what differentiates your dream house from others, you can quickly and effortlessly search for residences that match your expectations.

Also, you may want to hone your home search to specific cities and towns. For example, if you want to find a house close to your office in the city, you may want to explore residences in or near the city itself. On the other hand, if your goal is to buy a house near the top schools in a particular state, you should narrow your house search based on school rankings and other pertinent data.

3. Work with a Real Estate Agent

Buying a house is no small feat, and ultimately, there is no reason to try to navigate the homebuying journey alone. Thankfully, you can hire a real estate agent who can provide expert support throughout the homebuying journey.

A real estate agent is a must-hire, and for good reason. He or she will guide you along the entire homebuying journey and respond to any of your homebuying concerns and questions. In addition, a real estate agent offers recommendations and suggestions to help you make informed decisions as you pursue your dream residence.

Usually, a real estate agent will learn about your homebuying goals and craft a personalized homebuying strategy for you. He or she next will keep you informed about available residences that meet your criteria and set up home showings. Once you find your dream residence, a real estate agent will help you put together a competitive offer to acquire this house. And if your offer receives a "Yes" from a home seller, a real estate agent will help you finalize your house purchase.

Ready to streamline the homebuying journey? Use the aforementioned tips, and you can kick off a house search and discover your ideal residence in no time at all.




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Posted by Mark Consolmagno Michelle Curran Team on 2/28/2018

Before you kick off a home search, it is important to differentiate an ordinary house from a dream residence. That way, you can set realistic goals for your home search and accelerate the process of acquiring a house that matches your expectations.

Ultimately, each homebuyer's definition of a dream home varies. But for homebuyers who want to streamline the search for a dream home, there are several home factors to consider, and these include:

1. The Age and Condition of a Home

Dedicate the necessary time and resources to learn about a home's age and condition – you'll be glad you did. With these home insights, you can determine whether a home will require substantial repairs in the immediate future.

To evaluate a house's age and condition, you should hire a home inspector. This professional will examine a residence both inside and out and search for any structural problems with the property. Then, the home inspector will provide a detailed report that outlines any home issues.

A home inspection offers a valuable learning opportunity, one that can help you determine if a house is right for you. And if a home inspection reveals your dream home is actually a dud, you can always rescind a home offer and reenter the housing market.

2. A Home's Price

Many people want to own large, extravagant mansions. Yet the costs of these properties can be prohibitive, which is why most homebuyers search for houses that fall within a specific price range.

As you prepare to search for your dream home, you should get pre-approved for a mortgage. This will enable you to enter the housing market with a budget in hand and avoid the temptation to spend too much on a house.

Also, it is important to realize that no home is perfect. Although you may search far and wide for a dream house that has all the amenities and features that you want, you'll likely need to make trade-offs to find your ideal residence.

Creating a list of must-haves and wants for your dream home usually is a great idea. This list will enable you to narrow your home search, evaluate properties that fall within your price range and discover your dream home faster than ever before.

3. A Home's Location

Consider where you want to live before you launch a home search. By doing so, you can identify available houses in certain cities and towns and map out your home search accordingly.

Think about what's important to you in terms of home location. For example, if you want a home that's close to your office in the city, you may want to search for residences in or near the city itself. Or, if you want to live close to the beach, you can explore properties that are conveniently nestled along the beachfront.

Lastly, if you need help finding your dream home, you should hire a real estate agent. With a real estate agent at your side, you should have no trouble making your homeownership dreams come true.




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Posted by Mark Consolmagno Michelle Curran Team on 11/23/2016

An open house allows a homebuyer to explore a residence. And ultimately, this event may help a homebuyer determine whether to submit an offer on a home. For homebuyers, there are many terrific reasons to attend an open house, including: 1. You Can Learn About a Home from a Home Seller's Real Estate Agent. Although you may spend time reviewing home listings online, there may be information about a house that is unavailable on the web. Fortunately, an open house enables you to speak directly to a home seller's real estate agent and find out more information about a residence. From learning whether a home seller is motivated to sell quickly to finding out which internet services providers are available in the area, a home seller's real estate agent should be able to answer any questions you may have during an open house. As a result, you can receive plenty of insights that can help you make an informed decision about whether a particular residence is right for you. 2. You Can Check Out the Overall Condition of the Home. Online photos sometimes can be deceiving, but an open house allows you to get an up-close look at a residence and find out if it fulfills your personal needs. For instance, an open house will enable you to check out the size of each room as well as the overall condition of the home's exterior and interior. Plus, you may be able to review the performance of a home's air conditioning and heating systems and find out if these units will need to be repaired or replaced in the near future. Perhaps best of all, an open house gives you the chance to envision what life could be like if you bought a residence. Because you can walk around the home and explore it at your leisure during an open house, this event provides you with the freedom to evaluate a residence in a pressure-free situation. 3. You Can Find Out if There Is Significant Interest in a Home. Typically, a home seller's real estate agent will set up a sign-in sheet for attendees who visit an open house. This sheet enables a home seller to see how many people attended an open house and may provide you with a good indication about whether there is substantial interest in a residence. It is important to remember that the housing market is competitive, regardless of whether you're searching for a residence in a buyers' or sellers' market. As such, if an open house is filled with people, there likely is significant interest in a house. And if only a few people attend the event, there may be a greater chance that a home seller would accept an offer below his or her initial asking price. Ask your real estate agent for information about open houses in your area – you'll be glad you did! This real estate professional will be able to keep you up to date about open houses and help you find your dream home quickly and efficiently.




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Posted by Mark Consolmagno Michelle Curran Team on 10/12/2016

When it comes to searching for a home, there are a lot of factors that you have to consider, especially if you are shopping for condos, as you will be sharing a lot of common space with your neighbors and may be facing high condo fees on top of a mortgage payment. The first thing to look into is the overall community within the block of condos you are considering to make your home. How and who runs the condo association? Is there opportunity to be heard within the association? What are the rules and regulations of the condo and what amenities are taken care of for you? Some condo communities do not allow pets, and so if you are looking for a condo for you and your pets, you need to conduct the proper investigation prior to even seeing any units. Do not fall in love with a condo just to find out your life-long friend, Fluffy, is not welcome within the complex. How comfortable are you interacting with others? If you like to maintain a certain level of privacy and your condo association is heavily focused on community events and interaction, you may wish to look elsewhere. While it can be very beneficial to live in a community, it can at times be stressful if you are not one to follow strenuous rules. For some people, the idea of owning a home means that they have the freedom of choice to do what they want in their property, but there are certainly benefits to condos, as well. One of the most important things to look into when buying a condo is the condo fees. What are they and what will they be down the road? Are they set condo fees, or could they become too costly to pay down the road? One of the pluses of a condo is the little amount of personal responsibility regarding maintenance which is involved, and this can be especially beneficial for older or elderly persons when it comes to having the landscaping and shoveling taken care of for you. Altogether, a condo is a great option for many buyers and you can generally get into a condo for a fair price. Just be sure to educate yourself and do your research before committing to anything, just like you would with a house.




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Mark Consolmagno Michelle Curran Team
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