Maureen Giuliano - Classified Realty Group


Classified Realty Group



Posted by Maureen Giuliano on 12/15/2017

Attending an open house is a great way to learn a great deal about a home in a relatively short amount of time. It allows you to see inside the home with your own eyes, enabling you to notice details that are omitted in photos, whether itís a noisy neighborhood or a smelly basement.

Aside from learning about the home, an open house is also an opportunity to help real estate agents learn about you. Being prepared and professional at an open house could set you apart from other, more casual, attendees helping you make a good impression.

Since most of us donít attend open houses on the regular, and since there probably isnít an Open House Etiquette 101 course you can take at your local college, it can be difficult to know exactly how to prepare for an open house. How should you dress? Should you take notes? Is it rude to take photos? Which questions are welcome and which should be avoided?

In this article, weíll help demystify the open house, leaving you more prepared to leave a positive impression when you go to see what could potentially be your future home.

Appearance

How should you dress when attending an open house? An open house is neither a funeral nor a trip to the beach. The realtor showing the house likely isnít a fashion critic-theyíre there to answer your questions.

In most cases, casual clothing is appropriate. Since youíll be touring the house and yard, however, you might want to avoid heels.

Questions and conversation

An open house is your time to learn all of the relevant facts about a house. Good questions to ask include upgrades to the house, how many offers it has received, and the current ownerís timeline (when they want or need to close by).

There are other topics youíll want to avoid. Donít ask too many personal questions about the sellers. It will make the real estate agent, understandably, uncomfortable. Also be sure not to reveal too many details about yourself. You donít want to mention things like your spending limit as this will remove some of your powers of negotiation.

Itís okay if the furniture and decorations in the home arenít your taste, but itís a bad idea to criticize these items as you tour the house, as you may offend the agent or owners who have decorated.

Being respectful of the owner'sí space

Even though the house is for sale, itís still someoneís home. Itís inadvisable to bring food or drinks without a secure cap into an open house.

We live in a time when everyone photographs and shares everything. But avoid the temptation to take photos when youíre at an open house. Would you want someone going through your home, taking pictures of your valuables, and then sharing them online? Instead, refer back to photos that are available online or from the agent.

When it comes to touring the house, all of the rooms should be viewable. In fact, if thereís a room you canít enter for any reason this should raise a red flag that something is wrong with the home. However, just because you should look in the closets to get an idea of space doesnít mean you should touch or go through the personal belongings of the homeowner.


Follow all of the above open house tips and youíll be sure to leave a good impression.





Posted by Maureen Giuliano on 12/8/2017

Looking to purchase your first home? Not sure if you want to purchase a single-family home or a condo? What you purchase will be determinant on your thoughts about the below information. Take a look at the various differences between single-family homes and condos and decide the pros and cons for yourself. Location: Based on your price range, you will typically be able to purchase a condo in a location where you would otherwise not be able to purchase a home. But in return, you are often getting less square footage, closer by neighbors, and smaller outdoor living space. If you sacrifice a downtown city location for a location right outside of the city, you will get more for your money. Do you want to be able to walk to restaurants, shops and maybe work or is a home with free parking a more attractive option to you? It all depends on what is most important to you. Privacy: There will be less privacy when owning a condo versus a home, as neighbors are much closer. Condos typically share a wall with one another, some on just one side and some on both sides. This is an important detail to take into consideration when deciding between a condo and single-family home. Additional Costs: HOA fees or homeowner association fees are monthly fees that condo owners must pay. The fees cover things such as utilities, reserve and contingency funds, amenities, maintenance and repairs, which includes lawn care, snow removal, trash removal, exterior upkeep, etc. These costs vary depending on the condo amenities and policies. However, itís important to be aware that there is the possibility that these fees increase if there is not enough in the reserve to cover unforeseen costs. When owning a home, there are no HOA fees. This means that a homeowner needs to be cognizant of the additional costs of owning a home. Will you purchase a lawnmower and snow blower or hire a service? Will you have the additional funds to pay for unforeseen expenses? These are important questions to consider. Restrictions: Owning a condo has some limitations as there will be restrictions that would not exist when owning your own home (unless you purchase a historical home). There are often restrictions dealing with the exterior of your home, parking restrictions as well as having certain barbecues on decks. Condos are an attractive choice for those looking for a low maintenance lifestyle. And owning and maintaining a home will take more work on the homeownerís part. Itís important to figure out exactly what you want out of a home before you decide on one or the other, but knowing the difference between a single-family home and a condo is a first step.





Posted by Maureen Giuliano on 10/13/2017

Sometimes, being in the hunt for a home feels like being in a race you canít win. You should craft an offer that they cant refuse in order to get ahead on the house hunt. The real estate market can be hot or cold. No matter what the market is like, having a solid offer can be very beneficial to you as a buyer. Hereís some tips for you to get the offer you make accepted:


Get Preapproved


When you get preapproved, youíre showing the seller that youíre a serious buyer. Being preapproved gives you a shorter closing time and helps you to clear any financing hurdles before you get to them.


Avoid Lowball Offers


Make sure that you check out the prices of other homes in the neighborhood. Your real estate agent can help you to do this research. Often, youíll need to offer the asking price or above if itís a sellerís market. If all the research leads you to offer somewhere in the neighborhood of the asking price for a home, youíll want to abide with that.


Too Many Contingencies Turn A Seller Off


The financing contingency is the agreement that is put forth to help a buyer get out of the deal if financing falls through. Youíll need to be sure that you actually have the cash on hand to help you if the appraisal falls short, however. While this isnít recommended, it can give you a leg up in the buying process if you know what youíre doing. 

Another thing that you might consider is waiving the inspection. This does however, remove the ability to be sure that a home is in livable condition. This is another way to give yourself an advantage in the home search process, but itís not recommended. A better way to keep the inspection and streamline the process is to shorten the inspection time by having the inspector ready to go immediately.  


Add A Clause To Increase Your Amount


You are able to add an escalation clause into a deal. This will automatically increase your deal by a predetermined amount if the seller gets more than one offer on the home. Thereís a cap on these deals, so it doesnít work like an auction. Itís a good option and it causes sellers to have to disclose the competing offers. Typically, this wouldnít be the case. The only way youíd be out of the deal is if other offers exceed your cap.


Be Smart With Negotiations


You can offer to pay closing costs and home warranties instead of the seller having to pay them. Costs associated with the closing can be extensive, so offering to pay these fees can be very appealing to the seller. 


Get Personal


Itís difficult for sellers to part with the home that they love. If you get a bit personal and write a letter or send a video message to the sellers, you may often appeal to them on another level. In the letter, you may want to address how well the sellers have taken care of the home and express your desire to continue your life in the home in the same fashion. Many times, this is really a great way to connect with your seller and give you a better chance of getting your offer accepted.




Categories: Uncategorized  


Posted by Maureen Giuliano on 9/22/2017

Buying a home is a complicated process with a lot of opportunities to make costly mistakes. Thereís no high school class to prepare you for buying a home but there probably should be. If youíre a first time homebuyer and you came across this article looking for advice, congratulations--youíre already doing the most important thing you can when making a big financial decision: the research.

In this article, weíll cover some of the most common mistakes that first time homebuyers make when entering the real estate market. Weíll break it down by the three main phases of home-buying: saving for a home, hunting for a home, and signing a mortgage.

Saving for a home

One of the first lessons that all first time homeowners quickly learn is that being able to afford your monthly mortgage payments doesnít mean you can afford a home. Many first time buyers are often coming from living situations where certain utilities are included (water, heat, electricity, etc.). Aside from those obvious expenses, there are also things like property tax and home insurance to budget for, both of which may increase. Finally, when youíre living in an apartment and your faucet breaks, you simply call the landlord. When you own a home, especially an older home, be prepared to spend on repairs and to start learning basic maintenance skills that will save you money.

The hunt for your first home

Now that youíre aware of the costs, it might be tempting to jump in and start looking at homes. Another common mistake first time homebuyers make is to waste time looking at homes before theyíve met with a real estate agent or have gotten pre-approved for a loan. Start there, then once you know the scope of your home search, youíll have a much more relaxing hunt for your new home.

Another mistake that first time homebuyers make is to underestimate the time and commitment it takes to find a home. When you work with a real estate agent, make sure you are available at all times. Keep your phone nearby, stick to your schedule for viewing homes, and keep a list of each home youíre considering. Showing initiative and dedication wonít just help you stay organized, it will also show your agent and the home seller that you are worth their time.

Mortgage mistakes

One of the most common mistakes that buyers make when it comes to their mortgage is to fail to shop around for a lender. In fact, the Consumer Financial Protection Bureau found that only half of all buyers considered more than one lender for their home.

Buyers, first time and repeat, often think their credit report is set in stone. What they donít realize is that the three main credit Bureaus (Experian, Equifax, and TransUnion) can all make mistakes on your credit. Check your detailed credit reports and fix any errors long before applying for a mortgage to increase your chances of getting a good rate.

If you avoid these common mistakes and continue to do your research along the way, you should be able to save yourself some headaches and some money in the long term.




Categories: Uncategorized  


Posted by Maureen Giuliano on 9/15/2017

Want to relocate to a condo? With assistance from a real estate agent, you should have no trouble moving into the condo of your choice.

Employing a real estate agent with condo experience is ideal, particularly for property buyers who are considering condos for the first time. However, it is important to note that not all real estate professionals with condo experience are created equal, and some stand out for all the right reasons.

Ultimately, there are several factors to consider as you search for a real estate agent to help you find the perfect condo, including:

1. Expertise

How many years has a real estate agent been assisting condo buyers? Does a real estate agent know how to get information from a homeowners' association (HOA)? And can a real estate agent set up condo showings at your convenience? These are just a few of the questions that condo buyers need to consider before they employ a real estate agent.

As a condo buyer, there is no need to settle for a subpar real estate agent. In fact, real estate agents with condo expertise are available across the country. And if you conduct a comprehensive search for the right real estate agent, you should have no trouble finding a real estate professional who can guide you along each step of the condo buying journey.

2. Communication Skills

How does a real estate agent keep in touch with his or her clients? Try to find a real estate agent who provides regular updates throughout the condo buying process. This real estate professional will make his or her clients a priority and do whatever it takes to help them get the best results possible.

Ideally, you should be able to get in touch with a real estate agent via phone, email or text. And if a real estate agent is unavailable, you usually should expect to hear back from him or her within a few hours at most.

A real estate agent who is readily available will be able to provide you with the condo buying support that you need, any time you need it. As a result, this real estate professional can keep you up to date about new condos as they become available, the state of negotiations with a condo seller and much more.

3. Client Satisfaction

Are past clients satisfied with the support that they received from a real estate agent? Ask a real estate agent for client referrals to find out.

Reaching out to past clients can provide you with a better idea about how a real estate agent will assist you during the condo buying journey. That way, you can determine whether you will feel comfortable working with this real estate agent or if you should consider other options.

Dedicate the necessary time and resources to find a great real estate agent to help you find your dream condo. By doing so, you can move one step closer to making your condo ownership dreams come true.




Tags: Buying a home   buyer tips   Condo  
Categories: Uncategorized