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Posted by MDM Realty, Inc on 9/10/2019

If you want to quickly find and acquire your dream house, it generally is beneficial to narrow your property search. Because if you focus on available homes in a select group of cities and towns, you may be able to speed up the process of buying your ideal residence.

Now, let's take a look at three tips to help you locate your dream home.

1. Consider Your Short and Long-Term Aspirations

Think about where you want to be in the next few years. Then, you can map out your home search based on your short- and long-term goals.

For instance, if you currently work in a big city and intend to stay with your company for many years, you may want to search for a residence in the city itself. Or, if you plan to start a family soon, you may want to focus on houses near parks and schools.

You should try to be flexible as you begin a home search too. Remember, even the best-laid plans won't necessarily come to fruition. But if you maintain flexibility, you could find a home that will suit you perfectly both now and in the future.

2. Create a Budget

The homes in large cities tend to be more expensive than those in small towns. Fortunately, if you craft a homebuying budget, you can determine where you can afford to reside and plan accordingly.

Oftentimes, it helps to get pre-approved for a mortgage. If you meet with banks and credit unions, you can learn about myriad home financing options. Next, you can select a mortgage and enter the real estate market with home financing in hand.

If you have concerns as you pursue a mortgage, don't hesitate to ask questions. Banks and credit unions employ expert mortgage specialists, and these professionals are happy to provide you with the insights you need to make an informed home financing decision.

3. Collaborate with a Real Estate Agent

If you are uncertain about how to approach a home search, there is no need to worry. In fact, you can hire a real estate agent who can help you identify your dream residence.

A real estate agent is dedicated to client satisfaction, and he or she will work with you to make your homeownership dream come true. First, a real estate agent will help you narrow your house search. This housing market professional then will keep you up to date about available homes in your preferred cities and towns. Once you find a house you want to buy, a real estate agent will help you submit a competitive offer to purchase this residence. Finally, when you are ready to close on a house, a real estate agent will help you complete your home purchase.

Dedicate time and resources to find your dream house – you'll be glad you did. Thanks to the aforementioned tips, you can accelerate the process of locating your ideal residence and acquire a house that can serve you well for years to come.




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Posted by MDM Realty, Inc on 9/3/2019

Two terms that you may have heard when talking about real estate is fair market value and assessed value. These two terms are not the same or even interchangeable terms. 


The assessed value of a home can often be higher than the price the house is being sold. These properties can often be seen as a “bargain” in the real estate community. The problem is that this is often a red flag. The property may be overassessed by the town which means the taxes are higher than necessary. 


Homes can also be listed at a higher price than the assessed value. Contrary to popular belief, a low evaluated cost doesn’t mean that the value of the home is less than the asking price. The asking sale price for a property is based on many factors, none of which are what the town deems the property is worth. 


Fair Market Value


Fair market value is what a buyer is willing to pay with no outside influence. As a homeowner, the best way to determine the fair market value of your home is to look at what’s real estate agents call a “Comparative Market Analysis” or CMA. The agent will look at similar properties in the area that have recently sold- generally within the last six months. This analysis will often include things that the assessor doesn’t take into account when pricing a home.


The Appraisal


When you buy a home, and the appraisal is done for the lender when the buyer is obtaining a mortgage, the purpose is specific. The lender is protecting themselves and the buyer. The lender wants to be sure that the property they are lending money on has a value greater than or equal to the purchase price of the home. Appraisals are also done in this manner when homeowners are refinancing the house. 


Challenging Assessed Values


Often, homeowners will buy a property and then later challenge the assessed value of a home for tax purposes especially if the owner feels that the assessed value is worlds apart from the fair market value of the home. If you believe that the assessed value is out of sync with the fair market value of the house and out of line based on the values of another home in the town, you need to file what’s called a tax abatement. Your city or town hall has all of the necessary information for submitting these forms. From there, each city and town has their own timelines for how long the tax assessor has to address this.                  




Tags: home value   best value  
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Posted by MDM Realty, Inc on 8/27/2019

Buying your beginning home is one of the significant steps you will make in your life. It can be both exciting and daunting, which cause many first-time home buyers to grab the first home that falls within their budget quickly and others get themselves stuck in a mortgage that they will pay for a better part of the life. Real estate advertisement doesn't make it any easier. Well, you can relax now. Here are six helpful tips to alleviate the burden and mistakes involved in buying your first home.

1. First Things First, Be Prepared. As overwhelming as it seems, you must take a moment to get yourself ready before delving into the first-time home buying process. Take a moment and consider the type of home you want, the amount of money available for the purchase, and the amount of mortgage for which you qualify. You also should figure out how you want to go about the search. Do you need a real estate agent? Do not begin the home-buying process until you satisfy these conditions. 2. Carefully Scout for Your Dream Home. The process of searching for your dream home can be very challenging, which is why I advise first-time home buyers to explore thoroughly. Some home buyers, especially first-time home buyers, give up the search after the second tour. They resolve to rent or settling for just about any home on their list. To alleviate the frustration and stress that comes with the search, employ the service of a real estate agent. You could also search for listings online and ask for recommendations from friends and family. Do not do it yourself. 3. What Financing Options are Available in Your State? Although the program varies by state, every first-time home buyer has a couple of financing options to help them purchase their dream home. It is best to consult with your real estate agent for a suitable financing option. 4. Don’t be Scared to Negotiate the Offer. A common mistake seen among first-time home buyers is that they tend to compare the prices of houses at different locations. That is wrong! The locality of any home has a tremendous influence on its pricing. As a first-time home buyer, it is safest to ask your real estate agent for help. The agent is vastly knowledgeable in the field, as such, is in a better position to conclude the sale at a reasonable price. 5. A Home Inspection is Compulsory! Require a home inspection regardless of how flawless the home appears. Be sure to have a professional inspect every nook and cranny of the house before closing the deal. If you find faults that the seller willingly withheld during bargain the sale could fall through. You could also ask the seller to make repairs to seal the deal. 6. Close the Deal or Move on to the Next Home. There are two options available after inspection. You either close the deal or continue your search for your dream home. If the home inspection went well (that is you like what you saw), then it is time to close the deal. Congratulations on your first home!





Posted by MDM Realty, Inc on 8/20/2019

Persistence may prove to be exceedingly important to a home seller. In fact, a persistent home seller may be better equipped than others to reap the benefits of a fast, profitable property selling experience.

Now, let's take a look at three tips to help you become a persistent home seller.

1. Analyze the Real Estate Market

Persistence and confidence often go hand-in-hand. And if a seller allocates time and resources to learn about the housing sector, he or she can build the confidence needed to remain persistent throughout the home selling journey.

Take a look at the prices of available houses in your city or town that are similar to your own residence. By doing so, you can see how your house stacks up against the competition and identify innovative ways to differentiate your residence from the pack.

Furthermore, it may be beneficial to look at the prices of recently sold residences in your area. This housing market data can help you determine whether you're preparing to enter a seller's or buyer's market.

2. Set an Aggressive Initial Home Asking Price

A persistent home seller will take a data-driven approach to establish a competitive initial asking price for his or her residence. That way, this seller can set an aggressive home price that will help his or her residence stir up plenty of interest as soon as it becomes available.

Conducting a home appraisal offers a quick, easy way to receive an expert property valuation. It usually only takes a few days to receive a home appraisal report. Once a seller has this report, he or she can use it to set an aggressive initial home asking price.

3. Hire a Real Estate Agent

Even a persistent home seller realizes that he or she may struggle to navigate the home selling journey alone. Thankfully, if you hire a real estate agent, you can receive comprehensive support at each stage of the home selling cycle.

A real estate agent is committed to helping a home seller enjoy a seamless property selling experience. He or she will work directly with a seller and keep him or her up to date throughout the house selling process. As a result, a home seller and real estate agent together can maximize the value of any house, at any time.

In addition, a real estate agent is resourceful and will do whatever it takes to promote a residence to the right groups of buyers. He or she will host open house events and home showings and provide a property seller with plenty of feedback. Best of all, a real estate agent maintains constant communication with a house seller. And if a seller has questions, a real estate agent is ready to answer these queries.

For home sellers who want to achieve the best-possible results, persistence is paramount. With the aforementioned tips, anyone can become a persistent home seller and boost the likelihood of a successful house selling experience.




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Posted by MDM Realty, Inc on 8/13/2019

If you buy or sell a house, you may need to hire a moving company as well. That way, you can work with an expert moving company to ensure all of your personal belongings can safely make it to your new address.

Ultimately, there are lots of things you can do to put yourself in the best position to conduct a successful search for a moving company, such as:

1. Reach Out to Multiple Moving Companies

There is no shortage of moving companies available in cities and towns nationwide. Thus, if you reach out to several moving firms, you should have no trouble finding one that matches your budget.

Account for your moving timeline as you search for a moving company, too. The top moving companies may be in high demand. But if you can give a moving company plenty of notice about your upcoming relocation, you can boost the likelihood that this business can help you on moving day.

2. Request Client Referrals

Sometimes, it can be tough to differentiate one moving company from another. If you ask a moving company for client referrals, however, you can learn from a business' past clients. Then, you can use these client referrals to help you decide if a particular moving company is right for you.

A moving company typically can provide client referrals upon request. Meanwhile, you should ask a moving company's past clients about their experiences. You then can use these clients' insights to determine if a moving company can match or exceed your expectations.

3. Evaluate a Moving Company's Services

Moving companies may provide a wide range of services for residential and commercial customers. As such, you should examine a moving company's services to find a business that can help you accomplish your desired results.

If you need a moving company that can help you pack and move your belongings from Point A to Point B, for example, you should hire a business that can fulfill your request. On the other hand, if you need a moving company that can handle an out-of-state relocation, you should hone your moving company search accordingly.

When it comes to finding the right moving company, you may encounter myriad challenges along the way. Lucky for you, a real estate agent may be able to help you speed up your search to find the right moving company.

In addition to helping you buy or sell a residence, a real estate agent may provide moving company recommendations. He or she also may be able to put you in touch with the top moving companies in your city or town.

For those who want to streamline an upcoming move, it generally is a good idea to hire a moving company. Thanks to the aforementioned tips, you can conduct a comprehensive search for a moving company in your area. As a result, you may quickly find a moving company that can take the guesswork out of transporting all of your belongings to your new home.




Tags: moving   moving tips  
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