Lisa Corr, Olde Town Realty | Haverhill, MA Real Estate


If you want to purchase a home, it pays to establish a homebuying budget. By doing so, you can enter the housing market with a budget in hand and narrow your search for your dream house.

Now, let's take a look at three best practices to help you create a homebuying budget.

1. Look at Your Finances

Your finances will play a major role in your ability to purchase a home. Thus, you should evaluate your current financial situation closely so you can map out an effective homebuying journey.

Request a copy of your credit report – you'll be glad you did. You are eligible for a free copy of your credit report from each of the three reporting bureaus (Equifax, Experian and TransUnion) annually. Take advantage of this complimentary perk, and you can gain deep insights into your outstanding debt.

If you have outstanding debt, try to pay this down as much as possible. That way, you can boost your credit score, which ultimately will help you improve your chances to acquire your ideal residence.

2. Meet with Banks and Credit Unions

When it comes to buying a home, meeting with banks and credit unions usually is a great idea. That way, you can learn about your home loan options and get pre-approved for a mortgage.

Apply for a mortgage from several banks and credit unions. Then, you can receive various mortgage quotes and select one that suits you perfectly.

Also, don't hesitate to ask plenty of questions during a lender consultation. Banks and credit unions employ friendly, knowledgeable mortgage professionals – all of whom are happy to help you make an informed mortgage decision. Therefore, if you're unsure about whether to proceed with a 15- or 30-year mortgage or can't decide between an adjustable- or fixed-rate mortgage, you can ask these mortgage professionals for expert advice.

3. Consult with a Real Estate Agent

A homebuying budget is tricky to establish on your own, especially if you are entering the real estate market for the first time. Fortunately, a real estate agent can help you plan ahead for all stages of the homebuying cycle.

During a real estate agent consultation, a housing market professional will learn about your homebuying goals. Next, this professional will help you establish realistic homebuying expectations and ensure you can discover a great house at a budget-friendly price.

Of course, let's not forget about the world-class support that a real estate agent provides after you kick off a home search, either.

A real estate agent will set up home showings, keep you informed about open houses and offer homebuying recommendations and suggestions. Perhaps best of all, a real estate agent can negotiate with a seller's agent on your behalf to help you get the best price on a house.

Ready to begin your search for your dream home? Use the aforementioned best practices, and you can craft a homebuying budget and start your homebuying journey.


There's one thing all successful real estate agents, advertising executives, and marketing professionals know about human behavior: Many people make buying decisions for emotional reasons, and then justify those decisions with facts. In other words, they might say they bought a particular house because of all the updates and stainless steel appliances, but the real reason was that they could imagine themselves living there, being happy, entertaining friends and family, raising their children, and even growing old together there.

For some home buyers, the deciding factor is that it reminds them of fond childhood memories or perhaps the house they grew up in. Whenever a home for sale stirs up good feelings, happy  memories, or positive thoughts in the mind of prospective buyers, it increases the chances they'll make an offer on the house.

Home Staging Tips

If your house is now on the market or you're considering putting it up for sale, there are a lot of steps you can take to make it more attractive to buyers. Obvious improvements like doing a thorough top-to-bottom cleaning of the house can make a big difference, but there are literally dozens of other things you can do to attract more offers and get the highest possible price for your property. Sometimes it's something as simple as a creating a pleasing scent, like cinnamon, lavender, hot coffee, of freshly baked bread, cookies, or muffins, that can create a comforting and enticing ambiance for potential buyers.

Although your real estate agent should already be well versed in the nuances of home staging, it would be to your benefit to do some research on it and participate in the process. Some home owners hire a professional home staging consultant to make sure no details are overlooked.

Avoiding Home Staging Pitfalls

Attractively decorating your home can be one aspect of making a good impression on potential buyers, but it's necessary to cast the widest possible net, so to speak, when making decorating choices. In other words, you would want the appearance, style, and color choices in your home to appeal to a wide variety of different tastes, rather than just a select few. That's why it's beneficial to get an objective opinion from an experienced real estate agent, a professional decorator, or a home staging consultant. Since you've been living in your home for umpteen years, you're probably going to be "too close to the trees to see the forest."

Some things that homeowners often tend to overlook just before prospective buyers arrive to tour their house include the following:

  • Furniture that's arranged in a haphazard, disjointed, or cluttered way
  • 'Welcome' mats that are dirty, faded, and anything but welcoming
  • Overflowing or grungy-looking trash baskets
  • Overgrown shrubbery
  • Smudged or cobweb-laden windows
  • Kitchens, bathrooms, and other areas of the house that are disorganized and visibly unclean
Keeping your home in immaculate condition at all times is definitely one of the more challenging aspects of putting it up for sale. However, when you consider the cost of keeping a house on the market for longer than necessary and eventually having to lower the price, the extra effort is well worth it!


 



11 Summit Ave, Haverhill, MA 01830

Single-Family

$319,900
Price

9
Rooms
4
Beds
1/1
Full/Half Baths
When you walk into this house you will feel the grandeur of this home. The front staircase is elegant. The marble statue in the front hall is a gift from the sellers. French doors lead into the formal living room with hardwood floors. The living room is quite large and also has hardwood woods. There is a smaller room off the hallway. Great use for an office, storage playroom, what ever your needs are. Large dinning room that leads out to the kitchen and half bath. Laundry is located in the 1st floor in the half bath. This house has double staircase. The gas grill is also a gift to the buyer. It is plumbed in to the deck with propane. So much more to see. Easy to show.
Open House
No scheduled Open Houses

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57 S New St, Haverhill, MA 01835

Bradford

Single-Family

$289,900
Price

7
Rooms
3
Beds
1
Baths
Adorable cape, that is looking for your touches. Beautiful level yard surrounds this house. 1 Car garage plus a work area in the back of the garage plus a shed for all your tools. Hardwood floor under some of the carpet. 2nd floor has 2 bedrooms. This won't last long.
Open House
No scheduled Open Houses

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Looking for an effective way to boost your home's value? You can take a do-it-yourself (DIY) approach to numerous home improvement projects. By doing so, you can learn how to enhance your residence on your own without breaking your budget. In addition, there are many wonderful DIY home improvement projects that you can complete over the course of a given day, including:
  1. Adding a fresh coat of paint.
A blotchy, inconsistent paint job remains an eye sore that homebuyers are sure to notice. Fortunately, you can add a fresh coat of paint in any room of your home to give this space a fresh, clean look. You can pick up a gallon of paint, rollers, painter's tape and other painting supplies at any home improvement store. And ultimately, this home improvement project may allow you to bolster your home's value as well.
  1. Perform basic landscaping. 
For those who enjoy the great outdoors, cutting the grass, trimming the hedges and other landscaping projects offer an ideal opportunity to improve your home and work outside simultaneously. Basic landscaping is paramount for home sellers, and those who ignore landscaping tasks altogether may damage their home's value significantly. Remember, beauty is in the eye of the beholder, and homebuyers remain unlikely to purchase a residence with high grass and weeds scattered throughout its front yard and backyard. But home sellers who devote the necessary time and resources to perform basic landscaping tasks can improve the appearance of their home's exterior, and eventually, their home's value.
  1. Update fixtures.
Switch plates, outlet covers, curtain rods and other fixtures that have been in place for years could use an update. Luckily, you can pick up stunning fixtures that can easily be replaced and may make your home more appealing to homebuyers, too. Updating your residence's fixtures represents a fun day project for any ambitious home seller. Each fixture is usually inexpensive to purchase and can be installed quickly and effortlessly. Meanwhile, even a minor fixture replacement could make a big difference in the eyes of a homebuyer, particularly if this individual is searching for a residence with awe-inspiring, one-of-a-kind features.
  1. Replace cabinet knobs and drawer handles.
Who says you need to replace all of your kitchen cabinets and drawers to add a touch of glamour to your kitchen's décor? Comparatively, you can replace your kitchen cabinet knobs and drawer handles, which serves as a cost-effective alternative to a full-scale kitchen remodeling project. Revamping your kitchen hardware is essential for homeowners who have ignored their kitchen cabinet knobs and drawer handles for years. But with a simple hardware update, you can improve your kitchen's décor instantly.
  1. Pick up a new front door mat.
You only get one chance to make a first impression, so why not make the most of it? With a fun, exciting new front door mat, you can make a bold statement any time potential homebuyers check out your residence. Front door mats come in a variety of styles and designs, and you're sure to find one that suits your personality perfectly. Also, the right front door mat may help bring a smile to a homebuyer's face before he or she even enters your home, thus delivering a positive first impression. Take advantage of DIY home improvement projects, and you may be able to boost your home's value and help your residence stand out in a competitive real estate market.



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