Chad Goldstein - Gold Key Realty LLC



Posted by Chad Goldstein on 7/8/2019

When it comes time to attend a home showing, it helps to be prepared. That way, you can check out a house from top to bottom and confirm that this house fits your needs.

Ultimately, there are several important steps that a homebuyer should take before attending a home showing, and these are:

1. Review the Home Listing

Reading a home listing often serves as a first opportunity to evaluate a house and determine whether it could be your dream residence. As such, you'll want to review the listing closely to verify your interest in a house.

Oftentimes, reading a home listing a few times is a good idea. This will enable you to analyze all aspects of the listing and ensure it is worth your time to visit a house in-person.

2. Create a Home Showing Checklist

Although a home listing likely provides lots of information about a house, there may be plenty of unanswered questions that you have about a residence. Fortunately, a home showing gives you the opportunity to ask questions and receive insights into a house that you won't be able to receive elsewhere. And if you craft a home showing checklist in advance, you'll be ready to get the information that you need to fully assess a residence.

Remember, there is no such thing as a "bad" question, particularly when it comes to evaluating a house. If you make a list of questions before a home showing, you'll be able to receive responses that can help you make an informed decision about whether to submit an offer on a house.

Don't forget to include different areas of a home in your home showing checklist, either. In most cases, you'll want to evaluate a house's roof, attic and other areas to determine whether costly, time-intensive repairs may be needed in the near future.

3. Consult with a Real Estate Agent

Preparing for a home showing may prove to be difficult, particularly for a buyer who is attending a showing for the first time. If you consult with a real estate agent, however, you can get the help that you need to prepare for any home showing, at any time.

A real estate agent is a homebuying professional who understands the ins and outs of evaluating a residence. He or she can provide expert home showing preparation recommendations and serve as a guide throughout the showing itself.

Perhaps best of all, a real estate agent is happy to help you at each stage of the homebuying journey. If you have questions before or after a home showing, a real estate agent is ready to answer them. And if you want to submit an offer following a showing, this housing market professional can help you submit a competitive proposal at your convenience.

Don't wait to kick off your search for the perfect home. Instead, follow the aforementioned steps, and you can prepare for a home showing and move closer to acquiring your ideal residence.




Categories: Buying a Home   buying tips   showing  


Posted by Chad Goldstein on 7/1/2019

The biggest area of your life that you need to understand before you buy a house is your own finances. Before you know what kind of house you can buy, you値l need to understand your own buying power. While things like square footage, how many bedrooms you need, and finding the right neighborhood are important, you can稚 go very far without some type of financing. While understanding how much you can spend on a property is one of the more serious parts of buying a home, it痴 something that you値l want to do. Knowing what you can spend on a home is a step to helping you land a home you love. If you understand your own numbers, you値l know the chances that you have of an offer being accepted on a place you love.  


The Elements Of Your Buying Power


Your Credit Score


This little three digit number has a lot of meaning behind it. This is the most basic piece of information that lenders use to determine your loan worthiness. The factors that influence your credit score include:


  • Payment history
  • How much you owe
  • Length of your credit history
  • Mix of credit accounts
  • How much new credit you have opened


A low credit score is somewhere under 620. Having a score this low doesn't necessarily mean that you値l be denied for a loan, but the type and amount of the loan you池e offered can be impacted. You値l also face higher interest rates because of a low credit score. This means your mortgage could be considerably more expensive than if you had a higher credit score. 


Down Payment


The 20 percent down as a rule of thumb actually offers many benefits to your buying power. This means that you値l need 20% down of the purchase price of the home in cash. If you put this amount of money (or even more) down on a home, it eliminates the need for you to have to buy PMI (Private Mortgage Insurance). You値l even be able to negotiate a lower interest rate. A large down payment may be especially helpful in competitive markets where there is a lot of buyer competition.


How Your Financial Picture Appears


Your assets and your debt-to-income ratio are also important factors in your financial picture that you present to the lender. Basically, all of these numbers let both the lender and the seller see how committed you are to buying a home. It is one of the biggest financial undertakings of your entire life. If you can稚 show financial responsibility, then it may be a bit difficult for lenders to see that you値l actually pay your loan back in a timely manner.


The better all of your financial numbers are, the more buying power that you値l have. If your numbers are good, you値l be able to afford more house. While it may not be the most exciting thing to look over all of your financial numbers, it痴 a vital step in the process of your journey to home ownership.




Tags: Buying a home   finances  
Categories: Buying a Home   credit score   finances  


Posted by Chad Goldstein on 6/24/2019

A successful homebuying experience is a pipe dream for many individuals. However, those who understand the key attributes of a successful homebuyer may be able to transform their homebuying dreams into realities.

Now, let's take a look at three key attributes of successful homebuyers.

1. Persistent

A successful homebuyer won't take "No" for an answer; instead, this individual will go the extra mile to ensure he or she can acquire a great house at a budget-friendly price.

Ultimately, a successful homebuyer is driven to accomplish his or her goals. This individual's persistence is distinct, and as such, may help him or her achieve the optimal results.

To be persistent throughout the homebuying journey, it generally is a good idea to monitor the housing market closely. Because if you keep track of new homes that become available in cities and towns where you want to live, you can pounce at the opportunity to acquire your ideal residence.

2. Data-Driven

A successful homebuyer likely realizes that he or she needs to learn about the real estate sector. Therefore, this individual will allocate the necessary time and resources to analyze housing market data.

With a data-driven approach to buying a house, a homebuyer can increase the likelihood of a seamless homebuying experience. In fact, myriad housing market data is available to help a buyer discover the perfect house in no time at all.

Homebuyers may want to assess the prices of recently sold houses in their preferred cities and towns. This information can help buyers differentiate between a buyer's and seller's market and map out the homebuying journey accordingly.

Furthermore, examining a personal financial data may be helpful before kicking off a home search. And if a homebuyer collaborates with a bank or credit union, he or she can get pre-approved for a mortgage and enter the housing market with a budget in hand.

3. Patient

A successful homebuyer understands the challenges associated with purchasing a house. As a result, this individual can take the right steps to avoid such challenges as he or she proceeds along the homebuying journey.

For example, a successful homebuyer won't feel stressed if he or she encounters problems during a home inspection. Conversely, the homebuyer will look at his or her options and determine the best course of action. And if this individual decides to walk away from a home sale, he or she will feel good about reentering the housing market and beginning a home search once again.

When it comes to enjoying a successful homebuying experience, it pays to hire an expert real estate agent as well. This housing market professional can help you evaluate a wide range of houses and find one that matches or exceeds your expectations. Then, a real estate agent will ensure you can put together a competitive homebuying proposal to secure your dream residence.

Consider the key traits of a successful homebuyer you'll be glad you did. If you strive for success at each stage of the homebuying journey, you should have no trouble acquiring your dream residence.




Categories: Buying a Home   buying tips  


Posted by Chad Goldstein on 4/29/2019

A home inspection is a vital part of every real estate transaction. Its importance is usually solidified in a purchase contract in the form of a contingency clause.

Whenever you buy or sell a home, the transaction is typically contingent upon a few things being fulfilled. Inspections help protect the buyer from purchasing a home that they believed didn稚 have any major issues.

For buyers, an inspection can save you thousands in the long run. For sellers, getting a preemptive inspection done (on your own dime) can be useful since it will help you avoid any surprises that could arise when a potential buyer has your home inspected.

Hiring a home inspector

Regardless of whether you池e the buyer or the seller in this instance, hiring a home inspector isn稚 something you should take lightly. You値l want to confer with your agent before you pick an inspector.

It痴 also a good idea to check out some online reviews and visit the inspector痴 website for pricing. Typically, inspectors charge between $200 and $400 for an inspection, so feel free to shop around.

Inspectors are certified, so make sure whoever you choose has the proper licensure. You can search for inspectors in your area with this search function.

Ultimately, you値l want to choose an inspector that can give you the most unbiased assessment of the home, so that you can be assured that you know what you池e getting into when you buy or sell a home.

Preparing for an inspection

Many buyers aren稚 sure what to expect on inspection day. However, the process is relatively simple.

You値l want to make sure the inspector can easily access workspaces (like around the furnace, circuit breakers, etc.). This will make the inspector痴 job easier and allow them to focus on the service they池e providing you.

If possible, it痴 also a good idea to provide them with records of important home maintenance and repairs. Inspectors know what red flags to look for with the home, both physically and on paper.

Finally, make sure pets, kids, and any other distractions are away from home or with someone who can attend to them.

Post inspection

After the inspection is complete, the inspector will hand you a report and be able to answer any questions you have about their findings. They will give recommendations about the timeline for repairs that need to be made soon or even years into the future.

With this report in hand, you can determine if there are repairs you want to negotiate with the seller if you池e buying a home. As a seller, this report will tip you off to issues that potential buyers will likely have and give you a chance to address them in advance.





Posted by Chad Goldstein on 4/1/2019

If you plan to pursue your dream house, it generally helps to evaluate housing market data. In fact, there are many reasons why homebuyers should assess real estate market data, and these include:

1. You can learn about mortgage interest rates.

Mortgage interest rates rise and fall frequently. As a homebuyer, you'll want to do everything you can to identify the lowest-available mortgage interest rates. And if you study the housing market, you may be better equipped than ever before to do just that.

In addition, it often helps to meet with banks and credit unions. These financial institutions can help you track mortgage interest rates and provide you with mortgage insights that you may struggle to obtain elsewhere. Plus, banks and credit unions can help you get pre-approved for a mortgage and ensure that you have finances in hand when you pursue your dream residence.

2. You can reduce the risk of spending too much to acquire your ideal house.

Let's face it you want to buy your dream house, but you don't want to break the bank to do so. Fortunately, if you understand housing market data, you may be able to avoid the temptation to overspend on a house.

Examine the prices of available houses and recently sold homes in areas where you want to live. By doing so, you can establish a price range for your dream residence and find out whether you're preparing to enter a buyer's or seller's market.

3. You can quickly and effortlessly navigate the homebuying journey.

The homebuying journey may prove to be long and complicated, especially for those who fail to prepare for it. Luckily, housing market data can give you a better idea about what to expect as soon as you kick off your search for your ideal house. Then, you can use this information to identify and address potential homebuying hurdles faster than ever before.

For those who are unsure about how to collect and analyze housing market data, there is no need to stress. If you collaborate with a real estate agent, you can get the help the you need to discover your dream house.

A real estate agent can provide you with the right housing market data, at the right time, every time. He or she also will allocate the necessary time and resources to explain the importance of assorted housing market data and paint a picture of the current state of the real estate sector. That way, you can take a data-driven approach to buying a house.

Perhaps best of all, a real estate agent is available to take the guesswork out of the homebuying journey. This housing market professional will keep you up to date about new houses as they become available and ensure that you can find a terrific house that matches your budget.

Ready to make your homeownership dream come true? Use real estate market data, and you can become an expert homebuyer in no time at all.




Categories: Buying a Home   Real estate  




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