Thomas Murphy - Pine Shores Real Estate



Posted by Thomas Murphy on 7/4/2021

Completing a successful homebuying journey may be difficult, especially for those who do not plan ahead. In fact, high-pressure situations may arise that lead you to make rash homebuying decisions. And if you make the wrong choices, you risk paying an exorbitant price to acquire your dream residence.

There is no reason to let high-pressure situations cause you to make poor decisions throughout the homebuying journey. Now, let's take a look at three tips to help you map out your homebuying journey so you know exactly how to handle any high-pressure situations that come your way.

1. Maintain Flexibility

A high-pressure homebuying situation may make you feel like you are backed into a corner. However, it is important to remember that options are always available. And if you take a deep breath and step back and review a high-pressure homebuying situation closely, you can determine the best course of action.

Those who maintain flexibility as they try to acquire their dream home may be better equipped than others to handle high-pressure homebuying situations. Because if you maintain flexibility throughout the homebuying journey, you can take an objective view of the options at your disposal and proceed accordingly.

2. Establish a Budget

A budget generally is helpful, particularly for those who want to acquire a terrific home as quickly as possible. If you have a budget in hand, you'll know exactly how much you can spend on a home. Then, if you face pressure to increase your offer to purchase your dream residence, you'll know whether you have the financing available to do so.

Keep in mind that the costs associated with purchasing a home extend beyond the price of a house itself, too. As you establish a budget, you'll need to account for closing, appraisal and inspection expenses and various other fees in addition to the cost of a house itself.

3. Work with a Real Estate Agent

A real estate agent can take the guesswork out of buying a house. He or she also will go above and beyond the call of duty to alleviate stress and ensure you can proceed with confidence as you pursue your ideal residence.

Let's not forget about the guidance that a real estate agent provides when you're ready to submit an offer to purchase your dream home, either. At this point, a real estate agent will help you craft a competitive offer to purchase your ideal house. He or she next will submit this offer to a seller on your behalf and negotiate with the seller as needed. If you and a seller come to terms on a home purchase agreement, a real estate agent will help you close on your dream home as well.

For those who want to simplify the homebuying journey, it helps to prepare. Thanks to the aforementioned tips, you can get ready for high-pressure homebuying situations and speed up the process of acquiring your dream residence.




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Posted by Thomas Murphy on 6/20/2021

The ultimate goal of a home search is to find a residence that matches or exceeds your expectations. To enjoy a rewarding homebuying experience, you need to prepare accordingly.

Now, let's take a look at three tips to help you reap the benefits of a successful homebuying experience.

1. Narrow Your House Search

Think about where you want to live. By doing so, you can refine your home search and look for houses in your preferred cities and towns.

Also, creating a list of homebuying criteria usually is a good idea. This list can include home must-haves and wants, and ultimately, will help you further narrow your house search.

2. Get Pre-Approved for a Mortgage

Purchasing a house can be simple, particularly for those who get pre-approved for a mortgage. With a mortgage in hand, you can enter the real estate market with a budget. Then, you can pursue houses that fall within your price range and speed up your search for your dream home.

To get pre-approved for a mortgage, it is important to review all of the mortgage options at your disposal. Meet with banks and credit unions and discuss various mortgage options. This will allow you to learn about the differences between adjustable- and fixed-rate mortgages and find a mortgage that corresponds to your finances.

In addition, don't hesitate to ask mortgage questions when you meet with banks and credit unions. Lenders employ friendly, knowledgeable mortgage specialists, and these professionals will do everything possible to help you make an informed mortgage decision.

3. Work with a Real Estate Agent

A rewarding homebuying experience may be tough to achieve if you decide to pursue a house on your own. Thankfully, real estate agents are available who can provide plenty of guidance along the homebuying journey and ensure you can accomplish your desired results.

If you work with a real estate agent, you can take the guesswork out of purchasing a house. First, a real estate agent will meet with you and learn about you and your homebuying goals. This housing market professional then will craft a homebuying strategy to help you achieve the best-possible results as quickly as possible.

In addition, a real estate agent will keep you up to date about open house events, set up home showings and help you analyze the housing market. If you discover your dream house, a real estate agent will help you put together a competitive offer to purchase this home. Plus, if you have concerns or questions at any point during the homebuying journey, a real estate agent can respond to them.

When it comes to simplifying the homebuying experience, hiring a real estate agent is essential. Because if you have a top-notch real estate agent at your side, you can get the help you need to seamlessly navigate the homebuying journey.

Ready to find your dream house? Use the aforementioned tips, and you can enjoy a rewarding homebuying experience.




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Posted by Thomas Murphy on 4/4/2021

For those who want to conduct a successful home search, it is important to plan ahead as much as you can. Fortunately, there are lots of things you can do to get ready to pursue your dream home and speed up your house search.

Now, let's take a look at three tips to help you reduce the time it takes to discover your dream house.

1. Craft Homebuying Criteria

Homebuying criteria allows you to narrow your house search. Thus, if you make a list of home must-haves and wants today, you may be better equipped than ever before to streamline your quest to find your dream residence.

You also should consider where you want to reside. Because if you can hone your home search to your preferred cities and towns, you should have no trouble discovering your ideal residence in no time at all.

2. Prepare a Budget

A homebuying budget is essential, especially for a buyer who wants to accelerate the property buying journey. Thankfully, banks and credit unions are available that can help you put together a property buying budget.

Set up meetings with banks and credit unions in your city or town. Then, you can review a wide range of mortgage options and receive expert responses to your home financing concerns and questions.

It often helps to consider costs you may encounter during the homebuying journey too. From house closing costs to home inspection fees, you'll need to be able to cover various expenses as you try to acquire your dream residence. But if you start planning for assorted homebuying costs today, you can ensure that you'll have the funds available to cover these expenses.

3. Hire a Real Estate Agent

If you are unsure about how to discover your dream home as quickly as possible, there is no need to worry. Real estate agents are available in cities and towns nationwide, and these housing market professionals will do whatever it takes to help you accelerate your home search.

A real estate agent is a homebuying professional who is happy to assist you in any way possible. He or she will craft a personalized homebuying strategy for you and help you narrow your house search. Plus, a real estate agent will set up home showings, help you weigh the pros and cons of different houses and ensure you can submit a competitive offer to purchase your dream residence.

Let's not forget about the assistance that a real estate agent will offer before you finalize your home purchase, either. A real estate agent can provide plenty of recommendations and suggestions to help you prepare for your home closing. Furthermore, he or she will go above and beyond the call of duty to help you minimize stress in the days leading up to your house closing.

Ready to acquire your ideal house? Use the aforementioned tips, and you can boost the likelihood of enjoying a fast, worry-free homebuying experience.




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Posted by Thomas Murphy on 3/21/2021

If you find your dream house, there is no need to leave anything to chance. But if you submit a "lowball" homebuying proposal, you risk missing out on the opportunity to acquire your ideal residence.

Putting together a competitive offer to purchase can be easy. Now, let's take a look at three tips to help you craft an aggressive homebuying proposal.

1. Study the Housing Market

The housing market fluctuates constantly. If the real estate market favors buyers today, it may shift into sellers' favor tomorrow, or vice-versa. As such, you should study the housing market, determine whether it favors buyers or sellers and craft a homebuying proposal accordingly.

Oftentimes, it helps to look at the prices of recently sold houses in your area, as well as how long these homes were listed before they sold. With this housing market data in hand, you may be better equipped than ever before to differentiate a buyer's market from a seller's market. And as a result, you can boost the likelihood of submitting a competitive homebuying proposal.

2. Know Your Budget

If you know how much you can spend on a house, you can minimize the risk of submitting an offer to purchase that stretches beyond your financial limits.

To establish a homebuying budget, it generally is a good idea to get pre-approved for a mortgage. Banks and credit unions can teach you everything you need to know about different mortgage options and help you select the right mortgage. Plus, if you have any questions as you evaluate your mortgage options, banks and credit unions are happy to respond to your home financing queries.

3. Collaborate with a Real Estate Agent

If you hire a real estate agent, you can submit a competitive offer to purchase on any house. In fact, a real estate agent can offer in-depth housing market insights to help you put together an aggressive homebuying proposal that may receive an instant "Yes" from a seller.

A real estate agent is a homebuying expert who understands what it takes to purchase a home in any housing market. He or she first will meet with you, learn about you and your homebuying goals and create a personalized property buying strategy. Next, a real estate agent will help you pursue houses in your preferred cities and towns until you find one that matches your expectations. And after you discover your ideal residence, a real estate agent will make it simple for you to submit an offer to purchase that fulfills the needs of all parties involved.

Of course, if your offer to purchase your dream home is accepted, a real estate agent will guide you through the final steps of the homebuying process. Or, if your homebuying proposal is rejected, a real estate agent will help you reenter the housing market.

Avoid the danger of submitting a lowball offer to purchase your dream house use the aforementioned tips, and you can craft a competitive homebuying proposal and move one step closer to acquiring your ideal home.





Posted by Thomas Murphy on 2/28/2021

Image by Free-Photos from Pixabay

It may be tempting, when buying a home remotely, to jump at the first great deal that fits your checklist. But, number of beds and baths aren't everything. Location matters, too. So does the school district if you have school-age children. Don't be afraid to delve deeply into a property that you're thinking of buying sight unseen, because failure to do so could lead to some serious buyer's remorse. Here's the checklist of items to cover and questions to ask before you buy a home long-distance. 

Neighborhood Crime Statistics

Sites such as ADT.com and Cityrating.com can help you learn about crime rates in your potential new neighborhood. The local police department or sheriff's office is a good resource, too. All are easy to find online once you know the address of the home or county in which it's located. Find registered sex offenders living nearby and whether your new neighbor has a collar for burglary. 

Costs of Getting There

If you're searching remotely for homes that are close to your new job location, ask your employer about job relocation assistance. Sometimes employers have packages in place to help with the logistics involved in relocating for work. A package might include financial assistance for multiple items, including:

  • Costs associated with moving companies.
  • Costs associated with storage facilities.
  • Cost to rent or own a home in the new location.
  • Costs associated with selling your existing home.
  • Having financial help to get you and your family settled in before your first day of work at your new job is a great perk. It goes a long way toward alleviating the stress of relocation. 

    HOA Restrictions

    Homeowner's Associations can be beneficial in keeping housing values steady in your target area, but they can be costly, as well as restrictive. Is your new home governed by an HOA? If so, expect to pay monthly dues, and read up on the restrictions before you commit. If you plan to change the color or layout of your new home, you may have strict guidelines you're required to follow. 

    Reputation of the Local Schools

    Parents of school-age children should also be concerned with the school district they're moving into. Your real estate agent should be a good resource for the best schools in the area, but it never hurts to Google. The best schools have a low student-to-teacher ratio, strong test scores compared with the rest of the state and plenty of support programs in place for students and parents.

    A little homework done from the comfort of your home office can help you score the remote home purchase of your dreams. Don't be afraid to play investigator throughout your new target neighborhood. 




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