Home Buying Tips

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Home-buying regrets (and how to hopefully avoid them!)

Posted by Lauren Klein on March 13, 2017  /  in Buyers, Home Buying Tips, Pittsburgh, Tips  /  Comments off

Happy March, everyone! Here we are in the last month of the first quarter of 2017; can you even believe it?

TrAs we all chug along with our busy lives, I thought I’d take a moment to share some interesting research  that was recently conducted and published by NerdWallet regarding home buying — more specifically, the regrets some buyers feel and why. I thought this research was interesting because the results are broken out by the generations of survey respondents: Millennials, Gen Xers and Baby Boomers. As my clientele spans all three generations, it was interesting to see how responses varied.

Of course I hate to hear of any homebuyer feeling regrets, but it does happen (although I hope not to any of my clients!). The most common regrets found in this survey center on the process of applying for and securing a mortgage. I know what a stressful beast this can be; but I believe with my whole heart that it doesn’t have to be, at least not horribly so. My two best pieces of advice for buyers before they start down the path of purchasing a home are:

  1. Know your financial picture. Understand your debt-to-income ratio, know where all your paperwork is (pay stubs, W-2s, etc.), and decide what your limits are when it comes to making a home purchase. Your limits will be based on your financial security and comfort, and they’re different for everyone. Stick to them.
  2. Find allies you trust. Buying and financing a home is a complex undertaking. Don’t do it alone. Hire a real estate agent that you trust to guide you through the process; one you know will be available to answer all your questions. In addition to a good agent, you’ll need a good mortgage broker, too. As they say, you don’t know what you don’t know. You should be able to rely on your agent and your mortgage broker to give you all the information you need to make a sound home-buying decision that you won’t regret. So do your research and surround yourself with people who will be your trusted allies.

As any of my current and former clients know, I’m on your side. I will work hard to answer all your questions, calm your worries and guide you through your home purchase. I will also work to connect you with more allies, including excellent mortgage brokers. My goal is always to help my clients feel confident and happy with their decision, from the beginning of the home search to the closing table. You don’t want regrets and I don’t want you to have them, either!

If you’re considering purchasing a home, whether it’s your first time or not, I’d recommend you read the NerdWallet report. It’s helpful to learn from others’ regrets. After all, what are mistakes for if not to learn from them! Arm yourself with as much information as you can from the beginning. Don’t be afraid to ask questions.

And of course, if you need an ally in Pittsburgh…I’d love to help!

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Fall is for Buyers!

Posted by Lauren Klein on October 05, 2016  /  in Buyers, Home Buying Tips, Sellers, Trends  /  Comments off

Fall is officially here and its beauty all around us is undeniable. Brilliantly colored leaves, crisp air and of course, in this town, football! But with the change in weather comes another change for real estate — one of which you may not be aware. While summer is typically a seller’s market, the entrance of fall shifts the market more in favor of buyers. And if you’re searching for your dream home, that’s great news!

A buyer’s market means you, as a buyer, are in a better position for negotiating and getting a great price on a home. There are a few reasons for this but chief among them is that by the time fall rolls around, families with school-age children need to be settled in new homes before the school bell rings for the first time. That means that a significant portion of potential buyers in the market, possibly even buyers you were competing against if you were also searching in the summer, drop off the radar. This decreases competition for inventory and can also increase a seller’s willingness to negotiate.

If you’re considering searching for your dream home — and you’re not governed by the school calendar — I’d recommend you pick up a pumpkin-spiced something-or-other from your local coffee shop and see what the fall real estate market has to offer! I would love to show you around our great city of Pittsburgh and see if we can find you exactly what you’re searching for.

Another thing worth noting about the fall season for real estate is that it’s a great time to purchase a vacation home, if you’re in the market. Purchasing now leaves plenty of time to get the home ready by spring, and also allows you to check out what the new locale has to offer in fall and winter.

As always, please don’t hesitate to let me know if I can help you in your real estate journey. I wish you a very happy fall!

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