Showing posts with label use an agent. Show all posts
Showing posts with label use an agent. Show all posts

Thursday, February 12, 2015

Buying a home? You don't have to do it alone.

Man on the shoreDiscover Home Loans conducted an interesting survey that revealed how prepared people who are buying a home are for the actual mortgage process.
Remodeling and Home Design
The survey reported that 94% of prospective buyers believe they are making a good investment decision if they buy a home. The survey also explained that 66% of buyers reach out to real estate agents to help determine whether buying a certain home would be a good investment. However, there is less certainty regarding the mortgage process. Most buyers overwhelmed The majority of potential buyers are actually overwhelmed with the plethora of information available about the home financing process. Here are some interesting highlights from the report:
  • Nearly 66% feel overwhelmed with the amount of information available
  • 76% of those under the age of 30 feel overwhelmed
  • 76% of first time buyers feel the same way
  • 54% of those buyers who have previously owned also were overwhelmed
  • 59% of buyers turn to mortgage bankers to help evaluate mortgage terms and comparing offers
  • 49% of buyers turn to real estate agents to help evaluate mortgage terms and comparing offers
There is help available…use it! Cameron Findlay, chief economist at Discover Home Loans, gives great advice: “The industry is becoming more transparent in an effort to help homebuyers become informed about changes that may affect their process. The sheer amount of information can lead to confusion and stress. Those looking to purchase should work closely with their lender and realtor to make sure they are comfortable with mortgage terms and understand the impact a loan will have on their finances.” Bottom Line Purchasing a home can put great pressure on a family. Reach out to the best mortgage and real estate professionals in your market for assistance throughout the process. November 3, 2014 by ·

Bridget Morrissey Realtor

Bridget Morrissey Team

Email: bridgetmorrissey@remax.net

bridgetamorrissey@gmail.com

Cell / Text: (860) 857-5165

Fax: (860) 928-0230

Wednesday, February 11, 2015

Top 5 Benefits of using a Professional to buy a home

Every year the National Association of REALTORS releases their Profile of Home Buyers & Sellers, in which they reveal the Top 5 Benefits of using a Professional to buy a home. The latest profile revealed what actual buyers saw as the benefits of using an agent during the home buying process.

Here are the Top 5:

  #1: Helped the Buyer Understand the Process Whether it is your first time purchasing a home, or you’re an experienced buyer, there are over 230 possible actions that need to happen during every successful real estate transaction. Having someone to guide you through the process who can simply explain what is going on at every step of the way was sited as the top benefit by 63% of all buyers (that number jumped to 83% with first time buyers).

  #2: Pointed Out Unnoticed Features/Faults with the Property When you start the process of buying a home, you may be too excited to see each potential home for what it is, good and bad. An experienced professional can help you realize the potential hidden gems or risks before you make an offer.  Nearly 60% of all buyers listed this as a major benefit of hiring a professional.

  #3: Improved the Buyer’s Knowledge of Search Areas Whether you are looking to relocate to a new state, or just across town, having someone who knows the neighborhoods in which you are looking can be an invaluable asset.

  #4: Negotiated Better Sales Contract Terms/Better Price In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

  #5: Provided a better list of service providers A great agent has relationships with mortgage professionals, home inspectors, appraisers and other experts that you will need in securing your dream home. Bottom Line If you are considering purchasing a home, whether as a first-time or move up buyer, sit down with a local experienced real estate professional in your area and see what they have to offer.

December 1, 2014 by 




Bridget Morrissey Realtor

Bridget Morrissey Team

Email: bridgetmorrissey@remax.net

            bridgetamorrissey@gmail.com

Cell / Text:  (860) 857-5165

Fax:             (860) 928-0230