Angela Bergin | Flavin & Flavin Realty | Quincy,Braintree,Milton,Weymouth,Dorchester,Hingham RE


The summer real estate season provides a valuable opportunity for homebuyers across the United States. And with the right homebuying strategy, you should have no trouble securing your dream home at a price that fits your budget.

What does it take to discover a wonderful home in summer? Here are three tips to help you purchase a great home during the warmest months of the year:

1. Know What You Want from Your Dream Home

Although you may allocate substantial time and resources to browse the real estate market, your best efforts may not be enough to find your dream residence. As such, you'll want to go above and beyond the call of duty to transform your homeownership dream into a reality.

Make a checklist of must-haves for your dream residence before you browse homes that are available in summer. By doing so, you'll be able to better understand what you want from your dream house and plan accordingly.

In addition, getting pre-approved for a mortgage usually is an excellent idea. With pre-approval, you'll know exactly how much you can spend to acquire your dream house.

2. Take Advantage of Vacations and Long Weekends

For many people, summertime offers extended breaks from the hustle and bustle of day-to-day life. Meanwhile, homebuyers who take advantage of extra time may be able to commit additional resources to complete their search for the perfect house.

Summer vacations and long weekends can be a time to relax. However, if you have time to spare, feel free to browse the real estate market. By doing so, you can check out a broad array of houses and even set up home showings at your convenience.

When it comes to checking out homes in summer, don't forget to enjoy the beautiful weather, either. For example, if you spend an afternoon viewing homes, you may want to reward yourself with a trip to the amusement park in the evening. Or, if you're checking out a home that is located near a beach, feel free to plan a beach trip after the home showing is finished.

3. Hire an Experienced Real Estate Agent

Navigating the real estate market may seem impossible at times, particularly during summer. Fortunately, hiring an experienced real estate agent ensures that you can streamline the process of securing your dream residence.

An experienced real estate agent understands the ins and outs of the housing market and will do whatever he or she can to help you find a terrific home. This real estate professional can offer information about home listings in your area and set up times to view houses. Plus, your real estate agent will be able to respond to your homebuying concerns or questions at any time.

Employ an experienced real estate agent to take the guesswork out of acquiring a home in summer – you'll be happy you did. With support from an experienced real estate agent, you can explore a vast array of houses and find one that suits you perfectly.


Ready to purchase a condo? No worries, as there are many terrific condos available in cities and towns nationwide.

As a condo buyer, you'll want to do everything possible to ensure you can buy a top-notch property quickly and effortlessly. Lucky for you, we're here to help you streamline the process of acquiring your dream condo.

Now, let's take a look at three tips to help you simplify the condo buying process.

1. Know What You Want Out of the Perfect Condo

Are you looking for a condo in a small town or a big city? Do you want a condo that features a community swimming pool, tennis courts and other deluxe amenities? And how close is a condo to your workplace? These are just some of the questions that you'll want to consider before you kick off your condo search.

An informed condo buyer will know exactly what to look for in the perfect condo. As a result, this condo buyer may be better equipped than others to accelerate his or her property search.

2. Understand Your Price Range

You know that you want to buy a first-rate condo, but what can you afford? With a condo buying budget in hand, you'll be able to estimate your monthly property expenses and plan accordingly.

Getting pre-approved for a mortgage may prove to be a great idea. If you meet with several banks and credit unions, you'll be able to learn about all of the mortgage options at your disposal. Then, you can select a mortgage that will enable you to establish a price range for your condo search.

In addition, don't forget to consider any homeowners' association (HOA) fees before you choose a condo. HOA fees cover property maintenance costs and will vary depending on the condo community. Therefore, if you fail to account for these fees before you purchase a condo, they may cause you to exceed your monthly budget.

3. Work with a Real Estate Agent

Take the risk out of finding a condo that meets or exceeds your expectations by working with a real estate agent – you'll be glad you did.

A real estate agent with condo experience understands what it takes to speed up the search for the perfect property. This real estate professional will go above and beyond the call of duty to help you find a property that you can enjoy for years to come.

Typically, a real estate agent will set up condo showings and keep you up to date about open houses. He or she also will help you submit offers on condos and negotiate with condo sellers on your behalf, ensuring you can manage any challenges during the condo buying process.

A real estate agent will even respond to any condo buying concerns and queries. That way, you can receive expert guidance as you navigate the process of going from condo buyer to condo owner.

Use the aforementioned condo buying tips, and you should have no trouble securing an amazing condo in the near future.


If you are in the market for an FHA loan, you are probably happy to get many benefits from the loan like a good interest rate along with the need for a low downpayment. While these loans can be very helpful on the path to homeownership, they can be complex. It’s a good idea to hire a realtor who is well-versed in the ins and outs of FHA loans and standards. A real estate agent can help you to find the right property to suit your needs and meet the standards the FHA loan will require.    


Do you know what you’re getting into when it comes to shopping for a home? The FHA sets the rules for how homes get approved for an FHA loan and under what standards. These rules exist because the FHA is insuring the loan, but the organization is not directly funding the loan itself. This insurance protects the lender if the loan is defaulted on. An inspection appraisal report must be completed on each property. The appraiser is required to be an FHA approved appraiser to complete the job.


Loans


There are limits on how much of a loan you can get when it is FHA-backed. This is because the FHA will only insure a loan amount up to this limit. This means that you won’t be looking at high-end homes because the limits are usually quite restrictive as to the type of property you can get. This holds true unless you can afford a larger downpayment than the standard 3.5% required by the FHA.  


Condition Of The Home


FHA-backed home loans can be rejected due to the poor condition of the home. If an appraiser says that the home is unsafe or hazardous to occupants, the loan will be denied. The assessment of the home’s condition is very important to the lender’s decision to grant the loan. The lender may even require that certain improvements be made before the loan can be approved. These improvements can include pest treatments, fixing leaks, or other damages that are deemed hazardous.


The Property Itself


The FHA also sets guidelines for the type of property that you can get. A condo must be in a HUD approved complex, for example. If you want to research FHA-approved condo complexes, you can search right on the HUD website. Each complex meets the Department of Housing And Urban Development’s standards for financial stability, hazard, and liability insurance. If you’re looking at manufactured homes, these are also held to certain standards. The manufactured home must be permanently attached to the foundation, have the ability to be taxed as a real estate property asset, and have been constructed before June 15, 1976.   



As a homebuyer, entering the real estate market with insights into what it takes to find the perfect house is essential.

Becoming an expert homebuyer, however, may seem impossible at times. Lucky for you, we're here to help you gain the knowledge and skills you need to make your homeownership dreams come true.

What does it take to become an expert homebuyer? Here are three tips to help you do just that.

1. Look at Real Estate Market Trends

The housing market ebbs and flows. Therefore, a seller's market today may transform into a buyer's market tomorrow.

Ultimately, the real estate market fluctuates constantly, and you'll want to learn as much as possible about the housing sector to ensure you can map out your homebuying journey accordingly.

In a buyer's market, there are usually more home sellers than buyers. This means homebuyers may be better equipped than ever before to secure a top-notch house at a budget-friendly price.

On the other hand, a seller's market features an abundance of homebuyers and a shortage of sellers. For homebuyers who operate in a seller's market, they may be forced to submit competitive offers on homes quickly, or risk missing out on a dream residence to a rival.

When you study the housing market, don't forget to check out the prices of residences that recently sold. By doing so, you can gain a better understanding of how much you'll likely need to pay to acquire a first-rate house based on the current state of the housing market.

2. Learn How a Mortgage Works

What differentiates a fixed-rate mortgage from an adjustable-rate option? An expert homebuyer will know the ins and outs of assorted mortgage options and select one that corresponds to his or her finances.

To learn about mortgages and how they work, you'll want to meet with credit unions and banks. These lenders can describe the different types of mortgages and the pros and cons associated with them.

Also, an expert homebuyer will get pre-approved for a mortgage. With a mortgage in hand, this homebuyer will be able to stick to a price range as he or she searches for the ideal home.

3. Collaborate with a Real Estate Agent

Let's face it – no homebuyer can afford to make mistakes. Fortunately, you can work with a real estate agent to receive expert guidance as you navigate the homebuying journey.

A real estate agent boasts the skills and know-how needed to streamline the homebuying process. He or she may have many years of housing market experience and is happy to teach you about the opportunities and challenges associated with buying a house.

Furthermore, a real estate agent will help you accelerate the homebuying cycle. He or she can set up home showings, negotiate with home sellers on your behalf and much more. That way, you can focus on what's important – finding a terrific house at an affordable price.

Take advantage of the aforementioned tips, and you can become an expert homebuyer.


As a homebuyer, you may want to consider the seller's perspective before you submit an offer to purchase your dream house. That way, you can boost the likelihood of receiving an instant "Yes" to your homebuying proposal.

Now, let's take a look at three tips to help you analyze the seller's perspective.

1. Review the Prices of Comparable Homes

Once you find your dream home, you may want to take a look at the prices of comparable residences in the same city or town. This housing market data can help you narrow the price range for houses in a particular area.

With insights into the prices of houses that are similar to your dream home, you can put together a data-driven offer to purchase. Perhaps best of all, you can avoid the risk of submitting a "lowball" homebuying proposal that misses the mark with a home seller.

2. Assess the Housing Market

The current state of the housing market may have far-flung effects on how much you should offer to pay for a residence.

For instance, in a buyer's market, there is an abundance of available houses and a shortage of buyers. This often means buyers can browse dozens of outstanding houses and won't necessarily face steep competition to acquire the right residence at the right price.

On the other hand, a seller's market favors sellers. It generally features an abundance of buyers and a shortage of top-notch residences. Therefore, if you're searching for a home in a seller's market, you may need to submit a competitive offer to purchase to secure your dream house.

Review the housing market closely so you can differentiate a buyer's market from a seller's market. If you find houses are selling quickly at or above sellers' initial asking prices, you likely are operating in a seller's market. Or, if you find houses linger on the real estate market for many weeks or months and sell at or below sellers' initial asking prices, you may be working in a buyer's market.

3. Collaborate with a Real Estate Agent

A real estate agent is a homebuying expert who can provide you with housing market insights that you may struggle to obtain elsewhere. Plus, he or she can help you evaluate the seller's perspective so you can submit a competitive offer to purchase the home of your choice.

Let's not forget about the assistance that a real estate agent provides throughout the property buying journey, either. A real estate agent can help you hone your home search and find your ideal residence in no time at all. Furthermore, if you have concerns or questions at any point during the homebuying journey, a real estate agent is ready to address them.

Want to purchase your dream house at a price that matches your budget? Consider the seller's perspective – you'll be glad you did. If you review the seller's perspective, you can craft a competitive homebuying proposal and move closer to acquiring your ideal house at a budget-friendly price.




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