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


Posted by Bob Falter, CRS, GRI on 5/2/2018

Let's face it Ė homebuyers constantly compete with one another, especially if a new home is added to the real estate market that fulfills the requests of a large assortment of homebuyers in a particular area. Thus, you'll want to do whatever you can to gain a competitive advantage over other homebuyers, as this competitive edge will enable you to discover the right home quickly and efficiently. So what does it take to obtain a competitive advantage over your homebuying rivals? Here are three tips to help you gain a competitive edge over homebuyers in any real estate market: 1. Act Fast. The early bird catches the worm, and the same holds true for homebuyers who want to find the best homes in a competitive real estate segment. Homebuyers who act quickly are more likely to find great homes as soon as new residences hit the real estate market. Also, these homebuyers will be in an ideal position, one that enables them to check out a recently listed home quickly and make an offer without delay if a residence meets their needs. Study the real estate market carefully, and you'll be better equipped to make a move on a recently listed house faster than other homebuyers. Also, be sure to get pre-approved for a mortgage, as this will enable you to submit an offer without having to worry about committing extensive time and resources to get approved for a mortgage down the line. 2. Offer More Than the Asking Price. What can you do to ensure your offer stands out to a home seller? Offer more than the asking price for a residence, and you can improve your chances of securing your dream home. In the event that a home seller receives multiple offers for his or her residence, offering more than the initial asking price will help your offer stand out from others. Therefore, you'll be able to reduce the risk that you could miss out on your ideal house if you submit an offer that exceeds a home seller's asking price. 3. Work with an Experienced Real Estate Agent. When it comes to finding your dream home, why should you be forced to leave anything to chance? Instead, hire an experienced real estate agent, and you'll be able to enjoy a long-lasting competitive edge over other homebuyers. Typically, a real estate agent will possess extensive industry know-how and experience, ensuring that he or she can help you find your perfect residence immediately. This professional also will be ready to respond to any concerns or queries and ensure you are fully supported during every step of the homebuying process. From determining your ideal budget for a new home to setting up home showings, a real estate agent can make it easier for you to check out many wonderful residences in cities and towns nationwide. As a result, hiring a real estate agent could mean the difference between settling for an average house and discovering your dream residence in any real estate market. Gain the competitive edge you need in any real estate market, and you should be able to make an offer on your dream home instantly.





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 Thereís so many advantages to living on the corner lot. Living on the corner lot feels like youíre 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. Thereís 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, thereís 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 itís landscaped, so thereís 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 isnít edged out into the sidewalk or the road when it is parked. Another downside to the corner lot is that itís often more expensive since itís 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. Itís important to choose to live in a place where youíll feel comfortable and happy.





Posted by Bob Falter, CRS, GRI on 8/23/2015

Owning a home is a dream come true for most people. To them, it is living the ideal life, for others, it is the worst decision they will ever make as far as their finances are concerned. The reason for this is that there was no proper in-depth analysis before they made the purchase. Many questions come to mind when it comes to owning a home, questions like, do I really need a home? Will I stay in this home long enough to reap the benefits of owning it? Am I ready for the financial responsibilities associated with owning this home? Owning a home is a major financial investment and should not be done without a proper understanding of all aspects of ownership. Below is a †look at the pros and cons of owning a home, this should help prospective home owners determine if owning a home is in their favor. Pros and Cons of Owning a Home There is the need to consider the financial impact owning a home will have on you. Would being a home owner have a positive effect on your financial position? Let us look at the advantages and disadvantages from a balanced point of view before arriving at a conclusion. The Pros

  • As a home owner, you have greater privacy.
  • There is a great possibility that your home will increase in value.
  • You tend to have a stable cost as compared to renting because most mortgage rates are fixed.
  • Interest and property tax portion of your mortgage is tax deductible.
  • There is pride and a healthy self-esteem associated with owning a home.
The Cons
  • The financial commitment associated with owning a home is long term.
  • All maintenance related expenses associated with your home is your responsibility.
  • When you own a home, you are more likely tied to your community making it more difficult to suddenly relocate.
  • When buying a home, there is a down payment, mortgage payment and closing cost.
  • If you do not make the mortgage payment, your home can be taken by the bank.
  • There is no guarantee that the value of your home will increase.
Pros and Cons of Renting a Home The Pros Depending on your financial standing, renting a home might be a preferred option. Here are a few pros and cons associated with the renting.
  • It may be a cheaper option than buying a home with comparable size. Your rent might also cover the monthly utilities.
  • It affords more flexibility especially when you have a job that requires you to move from place to place.
  • Maintenance expenses are not on you. The landlord is responsible for all maintenance from plumbing to electricity as well as other expenses associated with household repairs.
The Cons
  • You are not entitled to a tax break. When you file for a tax return, you cannot claim deduction for property tax and mortgage.
  • Your rent is not fixed and there is the possibility that it would increase from year to year.
In summary, there are several factors to consider when deciding whether or not to buy a home as ownership is not for everyone. This important decision should be based on your present financial status, the nature of your job and what plans you have for the future.