Robert S. Soltz CRS, GRI, CBR, RECS
Sagan REALTORS ® | 781-479-0852 | bob@ownproperty.com


Posted by Robert S. Soltz CRS, GRI, CBR, RECS on 2/12/2018

If you’re in the market to buy a home, you want to find the perfect place for you and your family. In a seller’s market, the competition can be fierce. As a buyer, you may be under the impression that you need to make the highest offer in order to secure the home of your dreams. The problem is, you may never know what price other people have offered for the same home.


Know Your Budget


First, you should know what kind of a budget you have to work with to buy a home. You probably have done an online search to see what’s out there and what price range the homes you like fall into. You’ll want to go beyond the online search and actually see some of your favorite houses in person because pictures can be deceiving. 


Next, you’ll want to do is speak with a lender. This can help you before you even hit the ground running on your home search. A lender can pre-qualify you then work you through the process of pre-approval. This will give you a definitive number to work with when searching for a home. With this number, you’ll know how much you can offer comfortably when you find that house you fall in love with.


Make A List Of Priorities


Finding the “perfect” house usually requires that you make a few compromises along the way. It’s very unlikely that you’ll find one house that gives you everything you want in one place without a bit of imagination. Jot down all of the things about a home that are the most important to you. These items could include:


  • The neighborhood
  • Big backyard
  • Open floor plan
  • Number of bedrooms
  • Hardwood floors
  • The size of the rooms
  • Style of the house
  • Granite countertops


Whatever is important to you should be on the list. Next, go through the list and see what can be compromised on. There are probably a few luxuries on the list that you could stand to give up in lieu of something else.  


The Offer


Once you find that home you know that you absolutely want to live in, you’re going to want to make an offer. Let your realtor know immediately that you’re interested in the home and they can get to work. Your realtor can help you to make an offer that’s reasonable based on the asking price and your budget. Your offer doesn’t have to be thousands of dollars over the asking price for you to win the bid. There are a couple of strategies that can help you to land the right home even if you’re not stretching your budget to the max.


Showing You’re Serious


Taking steps like being pre-approved and having all of your finances in order can help to give you the upper hand in the house hunt. Sellers don’t want to deal with a buyer who is ultimately going to have issues where the deal will fall through.


The Offer Letter


Writing a letter along with your offer is a great personal touch to help you land the home of your dreams. If a seller knows that the home they have lived in and loved will go to another owner who is going to appreciate and take the same great care of the home, they will be more likely to go with you as a buyer. First, tell the seller a bit about yourself and why you love the home so much. Compliment the landscaping. Tell the seller just how much your kids are going to appreciate living in the home. Don’t be afraid to get too personal when it comes to writing an offer letter to the sellers. They will appreciate honesty and a candid approach in the sometimes all too serious matter of buying a home.





Posted by Robert S. Soltz CRS, GRI, CBR, RECS on 2/5/2018

If you want to buy a house, it helps to plan ahead as much as possible. That way, you can increase the likelihood of a fast, seamless homebuying journey.

Now, let's take a look at three tips to help you prepare to enter the housing market, and ultimately, ensure that you can enjoy a speedy homebuying experience.

1. Focus on Specific Cities and Towns

Consider what you want to find in your dream house. Then, you can fine-tune your dream home criteria and narrow your house search.

For example, if you prefer small town living to life in the big city, you may want to search for houses in various towns in your state of choice. Or, if you want to buy a house near your office in the city, you can browse residences in or near the city itself.

Differentiating your dream home must-haves and wants can make a world of difference too. Because if you know exactly what you want to find in your ideal residence, you can streamline your house search and accelerate the homebuying journey.

2. Get Pre-Approved for a Mortgage

The process of filling out a mortgage application and getting approval from a bank or credit union can be long and arduous. And if you submit an offer a house without financing in hand, you may face a time crunch to get a mortgage as well.

When it comes to home financing, it pays to be proactive. If you start searching for a mortgage today, you may be able to save time down the line.

For instance, if you meet with a bank or credit union, you can learn about a variety of mortgage options. Next, you can select a mortgage that matches your needs, and this mortgage will allow you to enter the housing market with a budget. With this budget at your disposal, you can narrow your search to houses that fall within your price range.

3. Employ a Real Estate Agent

Let's face it – few homebuyers have the necessary time and resources to conduct a comprehensive home search. Luckily, real estate agents are available to help you discover your dream house in no time at all.

A real estate agent will learn about your homebuying goals and find out what you want from your dream house. With this information, a real estate agent can provide you with details about houses that fulfill your criteria.

Furthermore, a real estate agent is a housing market expert who will do everything possible to help you buy a high-quality residence. He or she will teach you about the housing market and provide extensive insights into real estate patterns and trends. Also, a real estate agent is happy to respond to your homebuying concerns and questions at any time.

For those who want to buy a house, there is no need to wait to enter the housing market. Instead, use the aforementioned tips, and you can reap the benefits of a quick, stress-free homebuying experience.




Categories: Uncategorized  


Posted by Robert S. Soltz CRS, GRI, CBR, RECS on 1/29/2018

Want to relocate to a condo? Buying a condo can be an uphill climb, particularly for homebuyers who are browsing the real estate market for the first time. Fortunately, real estate agents are available who will allocate the necessary time and resources to ensure you can find a top-notch condo in no time at all.

Ultimately, hiring the right real estate agent to assist you during your condo search can be easy. Here are three questions that you should ask a real estate agent before you hire him or her to guide you during your condo search:

1. How have you helped condo buyers in the past?

Ask a real estate agent about his or her past experience with condo buyers – you'll be glad you did. With this information at your disposal, you can find out how a real estate professional collaborates with condo buyers to help them achieve their goals.

A real estate agent should be a good communicator, i.e. someone who keeps condo buyers informed at each stage of the condo buying journey. That way, this real estate professional will keep you up to date about new condos as they become available and ensure you can find a great condo at a budget-friendly price.

When in doubt, be sure to ask for client referrals too. By doing so, you can reach out to a real estate agent's past clients to learn about their condo buying experiences.

2. How do you approach difficult situations?

Unfortunately, the condo buying journey sometimes can be filled with roadblocks along the way. For real estate agents, it is important to remain calm, cool and collected in these situations and do everything possible to limit their impact.

Ask a real estate agent to share details about past condo buying experiences that did not necessarily go according to plan. This will provide you with insights into how a real estate agent approaches unforeseen circumstances and whether he or she can thrive under pressure.

A real estate professional with condo buying experience should do whatever it takes to help his or her client get the best results possible. With this real estate agent at your side, you should have no trouble securing your dream condo, regardless of the challenges that you encounter along the way.

3. Why should I hire you?

There is no right or wrong answer as to why you should hire a real estate agent to help you find a condo. For many condo buyers, it is a gut feeling. Meanwhile, other property buyers will choose a real estate professional based solely on his or her education and past successes.

As a condo buyer, it is important to employ a real estate agent who you will feel comfortable working with at all times. This real estate professional should be happy to help you in any way possible and respond to your condo buying concerns and queries. In addition, he or she will go the extra mile to ensure you can buy a terrific condo that matches or exceeds your expectations.




Tags: Buying a home   buyer tips   Condo  
Categories: Uncategorized  


Posted by Robert S. Soltz CRS, GRI, CBR, RECS on 10/16/2017

In real estate, cash is power. It’s not exactly the amount of money that you have been approved for by a lender. This type of “cash” is what you can pull directly from your account to buy a property on demand. It can be difficult to compete with cash buyers especially in tight real estate markets. Below, you’ll find some tips to help you match up against any cash offers that you may be competing with when you buy a home. 


Make Your Offer Look Attractive As Possible


First, you should always have a pre-approval letter from your lender. This lets sellers know that you’re a qualified buyer. You should also get your lender or realtor (or both) to provide some financial information about you along with your offer. This helps to add to the case that you’re a dependable buyer.


Let Things Move Quickly 



If you allow your lender to send an appraiser to the property as quickly as possible, this will give you an advantage in the home buying process. You want to reduce the amount of time that it will take to close on the house. That means you should consider cutting down on both the appraisal and contingency time. You could even consider waiving any contingencies if you feel comfortable. 


To speed up the process, even more, you should pre-order an appraisal in advance. You can do this before your offer has even been written. It can be difficult to arrange this, especially with larger scale lenders, but it’s always worth a try. Once the offer is written, the lender can relay to the seller that an appraisal has already been scheduled.


You’ll also want to get the inspection done fairly quickly. You only have a short window of time to get the inspection done. The quicker you get this done, the more serious of a buyer you appear to be. You should have the inspector who you’ll use ready before you even put an offer in on a home in order to expedite this part of the process. Usually, inspectors don’t take terribly long to schedule appointments knowing that their clients have short windows to get inspections done.  


Make A Strong Offer


Making a good offer could mean paying extra for a home you love in order to compete with cash offers. Spending more money helps to win. Here’s why: Sellers almost always will give a cash buyer a bit more of a discount since they’ll be getting all of the funds up front. If you love the house and plan to live in it for years to come, the extra money you spend will be well worth it.         


Write An Offer Letter


An offer letter adds a bit of a personal touch to the number you put down as a buyer. Here, you can tell the seller who you are and why you love the home. It can be emotional to sell a property, but a seller will feel more comfortable knowing that the home is going to someone who will appreciate it.

  






Categories: Uncategorized  


Posted by Robert S. Soltz CRS, GRI, CBR, RECS on 9/11/2017

Once you have found the home that you want to live in, put in the offer, and start the process of closing on a home, you may feel like you’re “home free.” The hard part may technically be over, but there’s one more important thing that you need to think about before you get the keys to your place: Closing costs. 

A few days before you head to sign all of your paperwork to close on the home, your lender will send you a detailed report of different closing costs that you need to pay upon the settlement of the property. 


Closing Costs Defined


Closing costs are what you pay to the lender and third parties. These are due at the time of closing on the property and must be paid up front. You should estimate that your closing costs will be between 2 and 5 percent of the purchase price of the home.


Everything Included In Closing Costs


Closing costs cover both one-time and recurring fees that are a part of your home purchase. The one-time fees are things that are generally associated with buying the home. These would include attorneys fees, lender fees, home inspection fees, document prep fees, underwriting fees, credit report fees, and realtor fees. You’ll also need a bank issued check for your down payment at this time.  


At closing, an escrow account will be set up. This is like a forced savings account that will be drawn from to cover things like taxes, insurance, loan interest, and title insurance. These are all very important costs that are a part of buying a home.     


Do Your Homework Ahead Of Time


The best way to deal with closing costs is to be prepared ahead of time. Talk to your lender in order to get an estimate of the closing costs. From there, you’ll need to decide if you need to finance your closing costs or simply pay them up front. There are advantages to both approaches. Sometimes, lenders will look at you as less favorable if you need to finance all of your closing costs. It all depends on the terms of your loan. This is why research is vital.


Compare Rates And Lenders


It’s important not to go with the first lender you talk to. Get some recommendations from your realtor and friends to see who might be a good fit for you. Every lender specializes in something different, so you want to be sure that who you chose is a good fit for you. 


The most important thing that you can do with closing costs and the financing of your home is to get educated!     





Tags: Buying a home  
Categories: Uncategorized  




Robert S. Soltz CRS, GRI, CBR, RECS