Michelle Gillespie - Keller Williams Pinnacle MetroWest



Posted by Michelle Gillespie on 2/18/2018

Buying a house should be a fast, simple process. However, problems sometimes can arise that prevent a homebuyer from discovering his or her dream residence.

Ultimately, there are many factors to consider before you purchase a house to ensure you can avoid myriad homebuying hurdles, and these factors include:

1. Your Home Needs

No two houses are identical, and much in the same vein, no two homebuyers have the same definition of the perfect residence. As such, a homebuyer should consider his or her dream home demands prior to kicking off a home search.

Making a checklist of home "must-haves" and "wants" is paramount. With this checklist in hand, a homebuyer will be able to refine his or her home search and map out the property buying journey accordingly.

It may be helpful to consider your day-to-day activities as you evaluate where you want to live too.

For example, if you work in the city, you may want to find a house that is located near public transportation. Comparatively, if you have kids, you may want to consider houses that are located close to top schools.

2. Your Budget

You know that you want to buy a house. On the other hand, you still have no idea how much money is available to ensure you can make your homeownership dreams come true.

When it comes to buying a house, it pays to meet with banks and credit unions. With pre-approval for a mortgage, you'll know precisely how much you can spend on a house.

To get pre-approved for a mortgage, set up consultations with several potential lenders. Then, you can learn about all of your mortgage options and select a mortgage lender that matches or surpasses your expectations.

3. Your Homebuying Timeline

Are you looking to buy a home as soon as possible? Or, can you afford to take a wait-and-see approach throughout the homebuying journey?

Examine your homebuying timeline and plan ahead as much as possible. By doing so, you can boost your chances of finding a terrific house and minimize stress as you browse the real estate market.

Regardless of your homebuying timeline, it always helps to work with a real estate agent. This housing market professional can take the guesswork out of searching for a residence and ensure you can discover a stellar house at a budget-friendly price.

Typically, a real estate agent will keep you up to date about new residences as they become available. He or she also will provide honest, unbiased homebuying recommendations and respond to any homebuying concerns and questions.

Let's not forget about the support that a real estate agent can provide during homebuying negotiations, either.

A real estate agent is happy to negotiate with a home seller on your behalf. That way, he or she can help you secure a great house without having to worry about paying too much.

Streamline the process of acquiring your ideal residence. Consider the aforementioned factors, and you can keep things simple as you proceed along the homebuying journey.




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Posted by Michelle Gillespie on 2/11/2018

For home sellers, you won't necessarily need a bold, beautiful bathroom to improve your chances of a quick sale. However, you should try to improve the quality of your bathroom as much as possible before you add your home to the real estate market. In a highly competitive real estate market, homebuyers will look for any reason not to buy your home. On the other hand, home sellers who offer a residence with an exceptional bathroom can reduce the risk of alienating homebuyers. Furthermore, home sellers may be able to transform a subpar bathroom into an outstanding feature if they devote time and resources to make bathroom improvements. You don't need to spend a lot to make significant bathroom improvements, either. In fact, here are three simple, affordable bathroom improvements that every home seller needs to know about: 1. Painting the walls If the paint on your bathroom walls is fading or peeling, it may be time for a new paint job. Fortunately, you usually can pick up low-cost paint supplies at any hardware store quickly and easily. Although hiring professional painters also is an option, you may be able to paint your bathroom walls yourself to save money. Remember, your bathroom likely is smaller than other rooms in your house, which means a new paint job won't necessarily require a significant time and resource investment. 2. Updating bathroom fixtures The little details can make all the difference in the eyes of a homebuyer. And home sellers who update bathroom fixtures can boost their bathroom's chances of making a great impression on homebuyers during a home showing. Drawer pulls, towel racks and other bathroom fixtures often are simple to update in just minutes. In addition, these bathroom improvements require minimal time and money, ensuring you'll be able to complete bathroom fixture improvement projects to enhance your bathroom's appearance without delay. 3. Adding caulk and grout Bathroom caulk and grout details may be overlooked by many home sellers, but those who want their homes to stand out in a competitive marketplace should consider adding straight, clean lines of caulk and grout. Placing new lines of caulk and grout around a bathtub and sink can help these pieces sparkle. Ultimately, caulk and grout improvements are fast and effective too, making them valuable options for home sellers. It is important to note that improving the quality of a home's bathroom rarely, if ever, requires a full-blown overhaul. Instead, focus on making minor improvements over an extended period of time. And, of course, be sure to keep your bathroom looking pristine – that way, if a homebuyer wants to view your residence, your home's bathroom will stand out for all the right reasons. Bathroom improvements offer superb options for home sellers who want to transform a good residence into a must-buy. These improvements typically won't require substantial time and resources, but they can serve as key difference-makers that will help set your home apart from others on the real estate market. Take advantage of bathroom improvements, and you'll be better equipped to improve the overall quality of your residence.





Posted by Michelle Gillespie on 2/4/2018

Obtaining a home loan is a must for most homebuyers. However, there is a lot to think about to ensure a homebuyer can secure a loan that matches or exceeds his or her expectations.

Some of the key questions to consider about a home loan include:

1. What is a home loan's interest rate?

It is paramount to understand a home loan's interest rate, along with any associated loan fees. That way, a homebuyer will know exactly how much he or she will be paying over the life of a home loan.

If a homebuyer chooses a fixed-rate mortgage, he or she can lock in an interest rate for the duration of a home loan. This means a homebuyer will pay the same amount each month. And in many instances, a fixed-rate mortgage can be paid off early without penalty.

On the other hand, a homebuyer may prefer an adjustable-rate mortgage. With this type of mortgage, a homebuyer may receive a lower interest rate initially that rises after a set period of time.

Compare and contrast the different home loan options and their associated interest rates. By doing so, a homebuyer can make an informed home loan decision, one that serves him or her well both now and in the future.

2. Does a home loan require a minimum down payment?

Ask a lender about whether there is a minimum down payment required as part of a home loan agreement. Typically, a homebuyer will need to pay at least a small portion of a home's price to secure a home loan, and it certainly helps to have this information available before you start evaluating available residences.

In addition, it may be worthwhile to save as much money as possible prior to starting a home search. With money at your disposal, you may be better equipped than ever before to make a large down payment, thereby reducing the amount that you'll need for a home loan. Plus, you may even be able to boost your chances of getting a favorable home loan interest rate.

3. Will I need to provide legal documents to obtain a home loan?

Lenders will require you to provide proof of your income and assets, W-2 statements and other legal documents to finalize a home loan agreement. If you stay organized and have these documents readily available, you should have no trouble providing them to a lender as needed.

Overall, the home loan application process may vary from several weeks to many months. The time it takes to secure a home loan can be stressful, and if you need extra help along the way, it never hurts to reach out to a real estate agent.

With a real estate agent at your side, you can streamline the process of buying your dream home. This housing market professional can offer expert tips throughout the homebuying journey and ensure you can discover a great house at an affordable price.

Take the guesswork out of securing a home loan – consider the aforementioned questions, and you can move one step closer to getting the financing you need to obtain your ideal residence.




Tags: Buying a home   loans  
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Posted by Michelle Gillespie on 1/28/2018

When was the last time you examined the lighting in your hallway? For home sellers, you may want to consider revamping the lighting in your hallway. By doing so, you can brighten up your hallway, and ultimately, help make your home more appealing to prospective homebuyers. So what does it take to improve your hallway lighting? Here are three tips to consider: 1. Add Lighting Controls. Although you may already have a light switch to control your hallway lighting, incorporating a dimmer switch or occupancy sensor into your hallway may prove to be a great option to enhance your hallway's overall appearance. A dimmer switch ensures you can brighten or dim your hallway as much or as little as you choose. The added control provided by a dimmer switch enables you to create a certain ambiance that you can share with homebuyers when they check out your residence. Comparatively, an occupancy sensor detects when a person walks through a hallway automatically. This sensor may serve as a distinct feature in your home, one that may help your residence stand out in the eyes of homebuyers. 2. Incorporate Wall Sconces. For home sellers who want to impress prospective homebuyers the moment they enter a hallway, wall sconces may serve as ideal additions. Wall sconces come in many shapes and sizes, allowing you to select lighting that matches your hallway's décor beautifully. Also, wall sconces are available that enable you to create both up and down lighting that can give your hallway a one-of-a-kind look and feel. Try to find wall sconces that deliver a sense of balance in your hallway. By doing so, you'll be able to utilize wall sconces that provide a superior mix of fashion and function. 3. Install Track Lighting. Looking to brighten up a long hallway? Choose track lighting – you'll be glad you did! Track lighting typically runs parallel to your hallway's walls and offers immense versatility. Therefore, it serves as a wonderful option for those who want to make a hallway dazzle day after day. In many instances, you can change the direction of track lighting with ease, too. This type of lighting gives you superb flexibility, and as such, remains an exceedingly popular option in many homes. When it comes to brightening up a hallway or any other area of your home, be sure to evaluate all of the options at your disposal. Remember, you'll want to do whatever you can to help your residence sparkle, and the right lighting may enable you to transform a dull hallway into an eye-catching one. Lastly, don't forget to consult with your real estate agent before you perform hallway lighting improvements or other home repairs. This real estate professional likely boasts years of industry experience and will be able to guide you as you explore ways to make your home more attractive to homebuyers. Take a close look at your home's hallway lighting, and you're sure to find many great lighting options that you can use to help your residence stand out in any real estate market.





Posted by Michelle Gillespie on 1/21/2018

A home appraisal enables a seller to learn about the value of his or her house relative to the current housing market. As such, an appraisal represents an important opportunity, particularly for a seller who wants to maximize the profits from his or her home sale.

Ultimately, it helps to plan ahead for a home appraisal. If you prepare for an appraisal, you can use the appraisal results to achieve your home selling goals in no time at all.

Let's take a look at three tips to help you get ready to perform a home appraisal.

1. Learn About Your Home's Strengths and Weaknesses

What you initially paid for your house is unlikely to match the current value of your residence. Fortunately, if you understand your house's strengths and weaknesses, you can prioritize home improvements and complete these upgrades. As a result, you may be able to boost your chances of receiving a favorable property valuation during a home appraisal.

Also, it may be beneficial to conduct a home inspection before you schedule an appraisal. That way, you can use the inspection results to determine which areas of your house need to be upgraded.

2. Assess the Housing Market

The present real estate sector will impact the valuation of your house. To establish realistic expectations for a home appraisal, it often helps to analyze the current housing market.

If homes are selling quickly, this likely indicates that a seller's market is in place. This market favors sellers and may enable you to receive plenty of offers if you establish a competitive price for your home.

Comparatively, if homes linger on the real estate market for many days, weeks or months, a buyer's market may be in place. In this market, you may need to set an aggressive price to help your residence stand out to potential buyers.

3. Consult with a Real Estate Agent

A home appraisal is an important part of the home selling journey. And if you collaborate with a real estate agent, you can work with a home selling expert who can help you maximize your property valuation during an appraisal.

With a real estate agent at your side, you can receive comprehensive support throughout the home selling journey. A real estate agent can put you in touch with the top home appraisers in your city or town. Furthermore, a real estate agent can help you determine how to price your house to ensure you can stir up significant interest in your residence.

A real estate agent also is happy to help you review any offers on your home. If you're unsure about whether to accept, reject or counter a homebuying proposal, a real estate agent can help you weigh the pros and cons of each option.

Ready to conduct a home appraisal? Use the aforementioned tips, and you can perform a home appraisal before you add your residence to the housing market.




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