William Raveis Real Estate and Home Services



Posted by Deborah Schilling on 12/7/2017

Purchasing a deluxe home at an affordable price may seem impossible, particularly for property buyers who are searching for a residence in a seller's market.


Lucky for you, we're here to help take the guesswork out of buying a terrific residence at a budget-friendly price, regardless of the current housing market conditions.


Now, let's take a look at three factors that homebuyers need to consider before they enter a seller's market.


1. Your Timeline

What is your homebuying timeline? Ultimately, you'll want to consider how quickly you need to relocate to a new residence. This will enable you to map out a homebuying journey that boosts your chances of getting the best results possible.


For example, if you have several months to plan ahead, you may be able to wait out a seller's market. You can pursue a wide range of residences over an extended period of time. And if you find a residence that you like, you can submit an offer on it.


On the other hand, if you need to move right away, you'll likely need to speed up the homebuying journey. In this scenario, you'll want to make the most of the time and resources at your disposal. If you can optimize the time and resources that are available, you may be better equipped than other homebuyers to discover a great home in a seller's market.


2. Your Budget

How much can you afford to spend on a home? A seller's market favors property sellers, so you'll want to do everything possible to budget appropriately and avoid the temptation to overspend to acquire a residence.


Getting pre-approved for a mortgage usually is an excellent idea. If you meet with banks and credit unions, you can learn about your mortgage options and choose a mortgage that matches your finances perfectly.


With a mortgage in hand, you can enter the housing market with realistic property buying expectations. You also may be able to narrow your home search, and as such, speed up the process of purchasing your ideal house.


3. Your Homebuying Expertise

What do you know about the housing market? In most cases, homebuyers lack real estate expertise. However, working with a real estate agent ensures you can receive comprehensive support as you navigate a seller's market.


A real estate agent is a friendly, knowledgeable housing market professional, one who will go above and beyond the call of duty to assist you during the homebuying journey.


Typically, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. He or she will even provide honest, unbiased recommendations, guaranteeing you can get the expert insights you need to make informed homebuying decisions.


When it comes to exploring houses in a seller's market, why should you be forced to leave anything to chance? Consider the aforementioned factors closely, and you can improve your chances of acquiring a stellar home without having to break your budget.




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Posted by Deborah Schilling on 11/30/2017

If you are thinking of buying a home in the near future, thereís one three-digit number that could be oh so important to you. That number is your credit score. Read on to find out how a credit score can affect you and the steps you can take to be sure that your credit is in good standing when you head to apply for a mortgage.


What Is A Credit Score?


Your credit score is checked by lenders of all kinds. Every time you apply for a loan or a credit card, thereís a good chance that your credit score is being pulled to see if you qualify for the loan. Your credit score is calculated based on the information on your credit report. This information includes:


Payment history

Debt-to-credit ratio

Length of credit history

New credit accounts opened


The areas with the most impact on your score is your payment history and your debt-to-credit ratio. This means that on-time payments are super important. You also donít want to get anywhere close to maxing out your credit cards or loan amounts to keep your score up.


Whatís A Good Score?


If youíre aiming for the perfect credit score, itís 850. Most consumers wonít reach that state of perfection. Thatís, OK because you donít have to be perfect to buy a house. If your score is 740 and above, know that youíre in great shape to get a mortgage. Even if your score is below 740 but around 700 or above, youíll be able to get a good interest rate on your mortgage. Most lenders typically look for a score of 620 and above. Keep in mind that the higher your credit score the better your interest rate will be. ††


What If You Lack Credit History?


Most people should get a credit card around age 20 in order to begin building credit. You can still qualify for a mortgage without a credit history, but it will be considerably harder. Lenders may look at things like your rent payments or car payments. Lenders want to know that youíre a responsible person to lend to.


What If Your Score Needs Help?


It doesnít mean youíre a hopeless case if you lack good credit. Everything from errors on your credit report to missed payments can be fixed. The most important thing that you can do if youíre buying a home in the near future is to be mindful of your credit. Keep an eye on your credit report and continue to make timely payments. With a bit of focus, youíll be well on your way to securing a mortgage for the home of your dreams. † † † †






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Posted by Deborah Schilling on 11/23/2017

Searching for a new house that will meet your needs without breaking your budget can sometimes feel overwhelming! There are dozens of factors to consider and countless details to handle at any point in time.

Fortunately, there are strategies for getting it all done, maintaining your sanity, and being satisfied with the final outcome.

If you feel like you're getting off track (or can't even find the train station), here are a few tips for getting organized:

Create a priority list.

If you haven't clarified and discussed with your spouse what you want and what's important to both of you, then there's a good chance you won't get it. You do not have to go it alone, though! A top-notch real estate agent can help you create a working list of priorities and preferences that you can use as a measuring stick when evaluating homes for sale. Better still, once you develop this list with your agent, he or she will†have the information they need to efficiently locate properties that conform to your wish list and requirements.

Your priority list will be based on a lot of criteria, including your desired lifestyle, the size of your family, and proximity to good schools, recreation, and shopping centers. If may also be important to you to live within a short drive to work, childcare facilities, or houses of worship. One of the best ways to organize your wants and needs is to get a copy of a homebuyers' "wish list" from your Realtor or the U.S. Department of Housing and Urban Development (HUD).

Key factors to consider when developing your list may include items like architectural style, the amount of remodeling you're prepared to do, and the size of the yard. Privacy, space between neighboring houses, and distance from busy highways are also important factors to weigh.

Choose the right real estate agent.

The ideal way to find a real estate agent you'll be pleased with is to get recommendations from family, friends, and trusted business associates. If someone you know well has had a favorable experience with a specific real estate agent, chances are good that your experience would be similar.

Since most real estate agents value referrals, a smart agent will strive to make a positive impression on both you and the person who referred you. It's often advisable to talk with more than one real estate agent before making your final decision, though. That way you'll be in a position to compare qualities like experience, knowledge, personality, rapport, and energy level.

It's vitally important that you feel comfortable with the agent you decide to work with, and that they're responsive to your questions, concerns, and requirements.

While a "wish list" and a "must have" list are essential components of a successful real estate search, the process unfolds much more smoothly when you remain open minded, flexible, and realistic.





Posted by Deborah Schilling on 11/16/2017

All house buyers have different pet peeves when it comes to evaluating homes, but there are a lot of easy fixes you can do to reduce the chances of†losing a sale. Here are a few tips to keep in mind.


Squeaky doors: Lubricating squeaky hinges is one of the easiest things you can do to improve your chances of making a positive impression on prospective home buyers. A seemingly small thing like squeaky door hinges†can make your†house seem old, poorly maintained, and in disrepair. A squeaky door hinge is probably not going to make or break the sale of your house, but in combination with other little flaws that prospects might notice, it could have a major impact.


Weeds cropping up: Another clear signal to prospects that your property hasn't been properly maintained -- at least in their minds -- is the existence of weeds. Other than an overgrown lawn, nothing detracts from curb appeal more than weeds coming up everywhere, especially in driveway cracks, walkways, and front steps. If your home is on the market or you're considering selling it in the near future, getting rid of noticeable weeds will help improve your property's curb appeal and make a better impression on prospective buyers. If you hate the idea of handling or applying commercial weed killers, non-toxic household items like vinegar or salt have been known to nip the weed problem in the bud. Whether you use store-bought herbicides or natural remedies, make sure you don't damage any nearby plants that you want to protect. In some cases, manually pulling out weeds and carefully digging out the roots is the most risk-free approach, although it's also the most labor intensive!


Dust and cobwebs: No matter how thorough you think you've been in cleaning your house, you're probably going to miss a few spots that prospective buyers will notice. In small amounts, a little dust is not going to make or break†your sale, but like squeaky door hinges, small problems add up! Areas that homeowners and house cleaners often overlook include baseboards, ceiling fans, and corners of ceilings.


Unpleasant odors: If your house smells like pets, mold, or mothballs, that sometimes can be a deal breaker. Bad odors are a major sensory turnoff that could easily sour people on the idea of making an offer on your house. Musty odors are often indicative of a larger problem, such as a damp basement, leaky pipes, water damage,†or mold infestation. Eliminating odors prior to having your house shown can be as simple as doing a thorough cleaning, or as complex and expensive as hiring a mold remediation service.


The good news about preparing your home for sale is that a seasoned real estate agent can provide you with the advice, guidance, and help you need to maximize your chances for attracting offers and selling your property for its full market value.





Posted by Deborah Schilling on 11/15/2017

Stunning Contemporary Cape overlooking quiet small bog in desirable Whistleberry neighborhood. 1st floor MBR suite has cathedral ceiling, skylight and slider to heated sunspace. Cathedral ceiling skylit kitchen, formal DR,LR and magnificent 4 season 35x13 family room overlooking bog and back yard gardens. 2 BR and bath on 2nd level, plus play and office space in basement. The space is ample--need more for guests, etc? Finish the attic space over 2 car garage with skylights ready to your personal needs. Association offers deeded beach on Middle Pond, tennis courts and play area. Sited on dead end private road, this home will feel like an escape from the hustle and bustle of today's busy life. Taxes may vary by occupancy of owner.

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Deborah Schilling
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