Christopher Barrett | Wakefield Real Estate, Lynnfield Real Estate, Melrose Real Estate


Buying a home can be fast and easy for just about anyone. However, becoming the "perfect" property buyer can be challenging, particularly for those who are shopping for a house for the first time.

The perfect homebuyer understands what it takes to land his or her ideal house at the best price. As such, he or she will know how to handle difficult homebuying situations and streamline the process of going from property buyer to property owner.

Ultimately, becoming the perfect homebuyer may be easier than you think – here are three tips to help you acquire your ideal residence quickly and effortlessly.

1. Study the Real Estate Market Closely

The real estate market has many ups and downs, but the perfect homebuyer will know the ins and outs of the housing sector. By studying the real estate market closely, this property buyer will be able to identify the right opportunities and overcome any potential homebuying hurdles.

Spend some time looking at the prices of homes that are currently available. This will allow you to find homes at price that you like – and homes at prices that you don't like – and map out your homebuying journey accordingly.

Also, take a look at homes that recently sold in cities or towns where you'd like to live. This will enable you to differentiate between a buyer's market and a seller's market.

2. Know What You Can Spend on a Home

The perfect homebuyer should have no trouble avoiding the temptation to overspend on a house. In fact, this homebuyer will understand how to get pre-approved for a mortgage, which will ensure that he or she can establish a property buying budget.

To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. Each meeting will enable a homebuyer to learn about the mortgage options that are available from a variety of lenders. Plus, a homebuyer can ask questions and discuss myriad mortgage options with these lenders.

With pre-approval for a mortgage, a homebuyer will be able to enter the housing market with a budget in hand. Then, this property buyer can narrow his or her search for the ideal residence.

3. Collaborate with a Housing Market Professional

Becoming the perfect homebuyer may require you to receive housing market guidance at times. Fortunately, if you work with a real estate agent, you can get top-notch support as you navigate the homebuying journey.

A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you. He or she will be able to provide homebuying recommendations to help you make informed decisions. Also, a real estate agent will be able to keep you up to date about new houses as they become available, guaranteeing that you can speed up the homebuying process.

When it comes to buying a home, it is essential to do whatever it takes to acquire a first-rate residence at a budget-friendly price. Take advantage of the aforementioned tips, and you can move one step closer to doing just that.


This Condo in Lynnfield, MA recently sold for $468,500. This Townhouse style home was sold by Chris M. Barrett - Barrett, Chris. J., REALTORS®.


1100 Salem St, Lynnfield, MA 01940

Condo

$475,000
Price
$468,500
Sale Price

6
Rooms
3
Beds
2/1
Full/Half Baths
Fabulous updated Townhouse at Cedar Pond Village. Gorgeous two story entry foyer with wrap around staircase and balcony. Hickory floors throughout the main living areas. Sun splashed fireplaced living room open to a full wall of glass sliders plus a balcony with a lovely view over looking the woods and brook. The dining room has a cut out to the entry foyer and flows nicely into the LR. Well designed new kitchen includes stainless steel appliances, farmers sink, convection oven, tile floor, quartz counters and 2 seat breakfast corner. 1st level BR features part vaulted ceiling and skylights.The second level is open including 2 bedrooms and 2 bathrooms off of the hallway balcony and staircase featuring a MBR suite with 3/4 tiled bath. Cedar Pond is nearly 130 acre's of woods and water. A truly magnificent setting that also includes tennis and bocce courts, pool, clubhouse & community environment.

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This Single-Family in Wakefield, MA recently sold for $690,000. This Cape style home was sold by Chris M. Barrett - Barrett, Chris. J., REALTORS®.


27 Strathmore Rd, Wakefield, MA 01880

Single-Family

$589,900
Price
$690,000
Sale Price

7
Rooms
3
Beds
1/1
Full/Half Baths
Top Wakefield West side address. Picture-book Barry Wills styled Cape Cod nestled onto a pretty lot. This home is filled with lots of original detail and touches. Combination family room kitchen features granite counters, gas stove, some glass front cabs, recessed lighting and is open to the vaulted ceiling tv sitting area. All this opens out to a fabulous elevated deck with a gorgeous wooded back drop. The living room has an oversize mantle with a gas fireplace, the formal dining room features wainscoting and china cab. There are hardwood floors throughout. Two nice sized 2nd floor bedrooms with walk in closets. Walkout lower level has a large pine paneled game room plus a separate office area. Newer gas heating system attached garage. Wonderfully opportunity to move into great neighborhood setting

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This Multi-Family in Wakefield, MA recently sold for $555,000. This style home was sold by Chris M. Barrett - Barrett, Chris. J., REALTORS®.


52 Pleasant St, Wakefield, MA 01880

Multi-Family

$549,900
Price
$555,000
Sale Price

2
Units
2,169
Approx. GLA
Owner occupied two family home in popular Lakeside location. Most updates done mid to late 1990's. Common entry foyer with nice winding staircase to 2nd floor. 1st floor apartment entry has a walk through den to an open kitchen and living room area. MBR off the rear has the exterior access. There is a dining room that could be a 2nd bedroom currently, no closet. Top floor apartment is vacant. Similar layout to 1st floor with 1, 2nd floor bedroom. Walk up 3rd floor access through the den. 3rd floor is 1 br plus a large open area office/family room space. Separate utilities, include CB's, gas heat and HW. Nice fenced rear yard with elevated patio/deck. --------- SHOWINGS: Show top floor vacant, apartment, (side entrance) and basement through rear bulkhead only. Owners apt virtual views only.




Photo by Fotocraft via Shutterstock

Many homeowners spend thousands of dollars on improvements and upgrades only to find out that the return on their investment (ROI) is less than $1 to $1. That means that for every dollar spent, the selling price of their home does not go up a corresponding dollar. In fact, very few home improvements offer a dollar for dollar increase in price.

What some improvements accomplish, however, is a reduction of time that your home spends on the market. When calculating overall costs, a quicker sale can save you several additional mortgage payments on your home.

In-Home Improvements

If you intend to live in the house for some time, make the improvements that give you pleasure in your home. Renovate the house to meet your needs and improve your life. If you’re renovating just to sell, unless you bought the home as the lowest-priced house in a highly desirable market, redoing the kitchen and bath won’t always pay for themselves. However, they will make the home more attractive to buyers and give you a leg up on the competition.

Adding a room and increasing square-footage usually improves the home’s value. This means converting an attic or basement might be a better use of your funds. Adding a second bathroom also garners a buyer’s attention. But turning a garage into a family room could backfire on you if buyers treasure a garage more than the extra space. Before undertaking a garage conversion, speak with a knowledgeable real estate agent in that area to see which option buyers most often request.

Curb appeal Improvements

When choosing improvements for resale, adding to the curb appeal gives you the most bang for your buck. Replace street-view garage doors with carriage-house style or modern minimalist options and update the front door to match. Clean out flower beds, replant them, and trim them with stone edging. Keep bushes and hedges trimmed and prune trees to keep them healthy.

Circulation Improvements

Old homes in areas where air conditioning was an afterthought benefit from adding attic fans and insulation to improve the cooling properties. Also, when possible, install a whole house fan (different from an attic fan) as it offers superior circulation for a small investment and makes the lack of central air conditioning less noticeable.

Your professional real estate agent is your best resource to learn what’s selling in homes in your neighborhood.




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