Ruth McMahon's Blog
Are you ready to buy your first home? Although you may conduct plenty of research, know your budget and understand what you want to find in your first residence. Problems may arise along the way that could force you to rethink your homebuying plans. So what does it take to ensure your first home purchase will be a successful one? Here are three lessons that every first-time homebuyer needs to know: 1. Purchase a home only when you're comfortable with your decision. Let's face it – buying a home can be stressful, regardless of whether you're a first-time homebuyer or have purchased multiple residences in the past. As a result, stress can be problematic, and it ultimately may lead you to buy a home before you're ready to do so. In a stressful homebuying situation, be sure to take a step back and explore all of the options at your disposal. By doing so, you can minimize the risk of committing to buy a home in the heat of the moment. When in doubt, don't be afraid to consult with family members, friends and, of course, your real estate agent. A strong support system can make a world of difference for a first-time homebuyer, and it might even help you eliminate stress throughout the homebuying process. 2. Put aside money for home improvements. Budgeting for a home can be tricky. Ideally, you'll want to be able to put at least a few thousand dollars down on your purchase. You'll also want to ensure that you're in great shape financially to handle your mortgage payments. At the same time, you should try to put money aside for potential home improvements. Although you've conducted an extensive home inspection, there are no guarantees that your home will maintain its quality for an extended period of time. As such, having a "rainy day fund" will ensure you're ready to handle numerous home improvement projects down the line. Adding money to your rainy day fund each month can deliver long-lasting benefits. This will allow you to be ready for any home improvement issues that may arise, along with avoiding the anxiety commonly associated with finding the finances to afford home repairs. 3. Understand the ups and downs of the real estate market. What you pay for your home today may not be what it's worth tomorrow. In fact, the real estate market fluctuates frequently, so you'll want to understand that your house's value will change in the years following your purchase. In many cases, the value of your home will rise over the years. But in some situations, it may fall. Remember, buying a home is a major decision and is not without risk. Even though you might expect your home's value to skyrocket, you'll still need to take care of your house. Maintaining your residence will boost your chances of increasing its value, regardless of the real estate market. However, you need to be aware that a buyer's market can change into a seller's one at a moment's notice, so there is always a chance that your house's value will go up and down periodically. Be a prepared homebuyer, and you can minimize problems as you explore the real estate market for your first residence. Thus, you'll be better equipped to find a house that fulfills your needs and will serve you well for years to come.
In a culture where more is more minimalism has a certain appeal albeit one that can also feel intimidating. Not only do we add sentimental value to many of the items in our home but we also accumulate piles of it as the years pass. It can be overwhelming to even think of cutting down on the clutter. Minimalism doesn’t have to mean an all white house devoid of knick-knacks or a lifestyle only for those couples who opt to forego having children, however. By using the tips and tricks listed below you can create a happy balance in your home that is inspired by minimalism. Uncluttered surfaces. Part of the appeal of minimalist homes is how neat and clean they are. Everything is intentionally placed and countertops aren’t filled with gizmos and gadgets. You can easily give your home the same feel by giving everything you own “a home”, that is, a place that it will always be returned to when not in use. Create storage space in drawers, cabinets and consider investing in furniture that pulls double duty with hidden storage inside. By creating storage that is out of plain sight you allow yourself the sleek, clean look of a minimalist home without tossing out half of your belongings. Quality over quantity. So many purchases we make eventually get pushed to the back of closets after the excitement of a new item wears off. The next time you go shopping, opt for quality over quantity. Whether this is with household items, clothes or toys for your children you can choose just one “category” to start. Knowing your family’s lifestyle will really help aid in the decision process of what items will get the most use so that you can then choose one that is well made. Minimalism does not equal boring. You can still have decorations, paintings and knick knacks while maintaining a minimalist home. Keep what you truly love or items that hold value to you and place them somewhere in the open where they can truly be enjoyed. Arranging the items you keep on display artfully creates an air of intention instead of clutter. Keep decluttering. Don’t let this be a one-off project. Each month take some time to assess your home. You will be sure to find more and more you can get rid of as time goes on and you become more comfortable with having less stuff in your home. Easily decrease the amount of things you have by clearing out duplicates. Think towels, kitchen items, cleaning supplies, etc. Ask yourself if you use this item every three months, and if it’s not a seasonal item, consider donating it. Keep in mind that this process doesn’t have to be a big project where you makeover your entire house. You can always begin with one room at a time or even just one area of a room. Shop less. This step is one you can proactively and easily work on each week. Every time you go shopping assess the items you are putting into your cart whether it’s a physical one or online. Ask yourself if these are must have items and envision them in your day to day life. If you can’t see yourself reaching for it time and time again, put it back on the shelf. When looking at sleek minimalist homes featured in the glossy pages of a magazine you might be tempted to think your home can never achieve a similar look. However, this is not so. With a dedication to the process of decluttering over time and making smart purchases, you too can have a minimalist inspired home before you know it!
After a thorough review of the real estate market, you've found your dream home. Now, you just need to submit a fair offer that the home seller will accept. Regardless of whether you're shopping for a home in a buyers' market or a sellers' market, you'll want to avoid the risk of submitting a "lowball" offer, i.e. an offer that a home seller will turn down immediately. Remember, if you want to land your ideal home, you'll likely need to submit an offer that is attractive to a home seller. And if you know what it takes to minimize the dangers of submitting a lowball proposal, you'll be better equipped to secure your dream house quickly. Making a fair offer on a home is simple – here are three tips to ensure you can avoid the dangers of submitting a lowball offer: 1. Review the Real Estate Market. As a diligent homebuyer, you've probably checked out dozens of residences in your search for the perfect home. Along the way, you might have even noticed that home prices vary depending on the size and condition of a residence. The real estate market remains in a constant state of flux, and what a home is worth today is unlikely what it is going to be worth in five years. However, a homebuyer who evaluates real estate market trends as well as prices of similar homes in a particular area should have no trouble submitting a fair offer on his or her dream house. 2. Evaluate the Condition of the Home. Keep in mind that the condition of the home may impact its short- and long-term value. Thus, you should try to submit an offer that accounts for the overall condition of a residence. For instance, a home's old furnace may need to be replaced in the near future, and doing so could prove to be both costly and time-consuming. But if you consider the cost of a new furnace installation in your proposal, you may be able to justify submitting an offer that is below a home seller's initial asking price. Or, in some cases, you may be able to convince the home seller to repair or replace this furnace to seal the deal. 3. Understand Your Budget. You've been pre-approved for a mortgage and know your budget for a new home. When you submit an offer, you should keep your budget in mind and ensure you'll be able to make the mortgage payments if a home seller accepts your proposal. A homebuyer who understands his or her budget can explore residences within a set price range. And ultimately, this homebuyer will be able to eliminate the chance of submitting a lowball offer on a house that he or she may be unable to afford down the line. When in doubt, don't be afraid to discuss your options with your real estate agent, too. This professional can offer insights into how much similar homes in an area have sold for recently, along with other housing market resources and tips to help you secure a house at a fair price. Avoid the dangers of submitting a lowball offer on a home, and you'll be better equipped to land your dream residence without delay.
Even a first-time homebuyer can become an informed shopper, i.e. someone who understands the ins and outs of the housing market. In fact, some of the best ways to become informed as you move along the homebuying process include: 1. Determine How Much Money You'll Need. How much money do you have to spend on a home? Find out by getting pre-approved for a mortgage and establishing a homebuying budget. Pre-approval for a mortgage may help you speed up your journey from homebuyer to homeowner. And with the right homebuying budget, you'll be able to narrow your home search to residences that fall within a set price range. Plus, you'll be able to avoid the dangers associated with overspending for a home, along with the risk of falling behind on mortgage payments down the line. In addition, try to determine how much you'll need to cover the down payment, closing costs and other fees you may encounter during the homebuying process. By doing so, you'll be prepared to manage your expenses and ensure you have enough money to purchase your dream home. 2. Evaluate a Wide Range of Houses. Although you might fall in love with the first house you view, it is important to keep in mind that the real estate market is filled with a variety of exceptional residences. Therefore, if you spend some time attending open houses and home showings, you may be better equipped to find the right home quickly. For homebuyers, it usually is a great idea to create a list of must-haves for your house. This list will allow you to search for residences that fit specific criteria. Furthermore, don't forget that an informed homebuyer frequently asks questions as he or she assesses a residence. There is no such thing as a bad question to ask during an open house or home showing, and ensuring all of your concerns and queries are addressed is paramount in your quest to find the right home at the right price. 3. Collaborate with a Friendly, Experienced Real Estate Agent. When it comes to finding your dream home, who says you need to navigate the homebuying process alone? Instead, find a friendly, experienced real estate agent to guide you along the homebuying journey, and you can reap the benefits provided by a housing market expert. Your real estate agent will serve as a key contributor in your efforts to discover your ideal home quickly and effortlessly and will help take guesswork out of the homebuying process, too. Moreover, your real estate agent will be able to set up home showings, keep you up to date about new real estate listings in various cities and towns and provide comprehensive insights and resources into the housing market. As a result, this professional will make it simple for you to move along the homebuying process and guarantee you're satisfied with the end results. Be an informed homebuyer – use the aforementioned tips, and you should have no trouble purchasing your dream residence.
This Mobile Home in North Hampton, NH recently sold for $79,000. This style home was sold by Ruth McMahon - RE/MAX On the Move.
47 Granite Drive, North Hampton, NH 03862
Come see what Granite Post Green has to offer in this Marlette style mobile home. Situated at the very end of Granite Drive, and abutting the woods, this home will offer lots of privacy and quiet living. A large kitchen and living room area combined with a 7x21 tip-out provide plenty of room for family, friends and gatherings. A large, bright sunroom can be used for reading, as another living area or as an another bedroom. Sorry, no pets. A nice deck on the front of the home offers outside enjoyment. Clean and ready to move in!