Bob Falter, CRS, GRI - Exit Real Estate Executives | 508-612-1649 | BobFalter@gmail.com


Posted by Bob Falter, CRS, GRI on 4/18/2018

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  


Posted by Bob Falter, CRS, GRI on 1/31/2018

The corner lot is a prized piece of real estate. Is living on the corner really all that it is said to be? The truth is that there are both pros and cons to buying the corner lot. Breaking down the pros and cons of the corner lot can help you to make an informed decision on your home purchase. The Upside There’s so many advantages to living on the corner lot. Living on the corner lot feels like you’re living on more space. Corner lots also enable you to have a garage on the side of the home, because you have roads on both the front and the side of the home. Wrap-around porches are a reality on corner lots due to their design. The ultimate privacy is also available on the corner lot, since you only have one neighbor on one side of the house. These are definitely pros for people who are looking for privacy. This gives your family flexibility to use both the front and the side yard with ease. There’s so many things you can do with the extra space on the larger side yard like put up a basketball hoop, plant a garden, or set up a volleyball game. The possibilities are endless. The Downside There are some downsides to living on the corner lot. First, there’s a lot more to landscape. With more yard, this only stands to reason. You want your yard to look even and flow beautifully with the way it’s landscaped, so there’s a bit more work to be done in this area. This landscaping work includes trimming, mowing, irrigating and maintaining. Your garage or driveway will also be affected by owning the corner lot. Since it may be set back more from the street, entering and exiting your driveway will be challenging in some cases. You also need to be mindful that your car isn’t edged out into the sidewalk or the road when it is parked. Another downside to the corner lot is that it’s often more expensive since it’s usually a more versatile piece of land. While privacy is a plus on the corner lot when it comes to neighbors, privacy could be a negative for these homes depending on the location. Noise and privacy concerns are a must consider when it comes to homes in certain locations because the amount of traffic (whether by vehicle or by foot) can cause some disturbances to you and your family. To remedy this problem, you may consider installing fencing or other landscape buffers. These privacy concerns may not be as much of an issue depending upon the design of the home. If you consider where the entrances to the home are as well as the location of the garage, the house could be perfect for your needs. No matter where you choose to live, pay special attention to the lot surrounding the home before you decide to buy. It’s important to choose to live in a place where you’ll feel comfortable and happy.





Posted by Bob Falter, CRS, GRI on 1/3/2018

Estimating the market value of your home isn't a precise science. There are several factors that go into assessing the value of a home and the process is complicated by changes in the market that can sway home prices in either direction. Since homes are so expensive and are such a huge investment, the pragmatist and worrier in us all wants it to be a clear cut decision backed up by facts. Unfortunately, no two people will ever arrive at precisely the same number for the value of a home. The good news is that you can use this ambiguity to your advantage when bargaining with prospective buyers. To learn more about the six main factors that determine a home's value, read on.

Condition

Homebuyers don't want to walk into what could be their new house and discover months of expensive repairs and upgrades waiting for them. Especially for busy, young professionals there is great appeal in a home that is move-in ready. If your home needs some work, it will knock off some digits from your asking price.

Location

We would all love to say that having a home near the ocean or the mountains is our top priority. But, let's face it--having a place that is close to your work and that is in a good school district will probably take precedence over our daydreams. Location factors that add value to your home could include close proximity to schools, shopping, highways, and other amenities. However, if your home is far away from them or is in a neighborhood that appears run-down or dangerous you will find the value of your home decreasing. An easy way to get a ballpark figure for your home value is to look up the value of other comparable homes in your neighborhood.

Age

Age is just a really expensive number. For some, buying an old home is a dream they've always had. Old homes have character and offer challenges when it comes to DIY repairs and renovations. For others, an old home means more headaches and more expensive utilities if it's drafty or outdated.

Features

Curb appeal is important, but once your prospective buyers are inside you'll have to keep them around with great, convenient household features. Lots of storage space, updated kitchens with new appliances, finished basements, or a beautiful backyard with a view can all add thousands to a home value.

Size

Square-footage is important to many homebuyers. In spite of the current trends around minimalism and being eco-friendly, the numbers show that Americans are buying increasingly larger homes and vehicles.

Market

You've probably heard the terms "buyer's market" and "seller's market" thrown around in conversations about real estate. They are essentially descriptions of the supply and demand of homes. Many buyers with few homes means you're in a seller's market, whereas a surplus of vacant homes and few prospective buyers means it's a buyer's market. This is closely tied to location, different cities and suburbs experience different rates of growth and decline depending on the local economy.




Tags: Real estate   home   home value   value  
Categories: Real estate   home value   home  


Posted by Bob Falter, CRS, GRI on 9/27/2015

Moving can be an expensive endeavor. Even if you decide to rent a truck and move your belongings yourself there are lots of other expenses that can add up. Luckily, there are a few simple ways consumers can save money hauling their belongings from their current home to the next one. Purge your things. Instead of moving things that you don't use sell or donate them. If you decide to donate items to charity, you could save lots of time and even get a tax deduction. Move on a less popular day. The most popular time to move is at the end of the month. Since most closings happen and leases are up at the end of the month there’s more competition for the trucks and moving crews. Moving at the end of the month will also cost you more. Choose your moving date midweek, closer to the middle of the month. Packing materials like bubble wrap and foam peanuts are costly. If you are packing your own items use things you have around the house like bed linens, towels and clothing to pad your items. You can also use newspapers and tissue paper from gift bags. Be careful when using newspaper as the newsprint will smudge on dishes and other items. Don't buy moving boxes check Freecycle and Craigslist for free ones first. Ask around, your friends may have boxes suitable for moving.





Posted by Bob Falter, CRS, GRI on 8/16/2015

If you listen to the media you will never know which way is up when it comes to the state of the real estate market. It's not just the market that determines how a house will sell but also location, price, and condition of the home. Like they say real estate is local. Just like you wouldn't expect the weather to be the same in one place vs. another - the same is true about the real estate market. There are a few things you can look at to determine the type of market in your area. 1. Contact a real estate professional. 2. If you are a seller ask for a comparable market analysis on your home. 3. If you are a buyer determine the average number of days on the market in your desired area and price range. 4. Ask your agent what the absorption rate is the market your are looking to buy or sell. Absorption rate is the rate at which homes are selling. Whether you are buying a home or selling it's important to understand the market conditions.