Cindy Gordon
Coldwell Banker Residential Brokerage | 774-249-4824 | cindygordonhomes@gmail.com


Posted by Cindy Gordon on 7/2/2017

Browsing the real estate market may seem like an exhausting process, particularly for those who are searching for inexpensive properties. Fortunately, there are many quick, easy ways to streamline your search for a cost-effective residence.

Here are three tips that homebuyers can use to find inexpensive properties in any real estate market, at any time.

1. Check Out "Fixer-Uppers"

A fixer-upper, i.e. a property in need of substantial upgrades and maintenance, may prove to be a great value.

In many instances, fixer-uppers are priced to sell. These properties may require a lot of repairs, but homebuyers who are ready to work hard and perform a variety of home improvement projects on their own may be able to save money by purchasing a fixer-upper.

Check out the fixer-uppers in various cities and towns. By doing so, you can assess the current condition of a fixer-upper and find out how much maintenance it requires. And ultimately, you'll be able to determine whether a fixer-upper matches your price range, along with whether you're up to the task of completing myriad home improvement tasks.

2. Submit Offers on Many Residences

When it comes to buying an inexpensive home, it is important to remain patient. If at first you don't succeed with an initial offer on a home, be sure to try again.

It may take some time to find a home that corresponds with your budget. But homebuyers who are committed to exploring the real estate market are sure to find lots of properties that they can enjoy for years to come. And even though the asking prices of some homes may appear to be outside of your price range, it never hurts to ask whether a home seller will consider a proposal that is less than his or her initial asking price.

Be prepared to submit many offers on residences as you browse the real estate market for an inexpensive home. If a home seller rejects your initial proposal, don't be discouraged. Remember, there are many terrific homes that are available, and a diligent homebuyer should have no trouble discovering the right residence at a budget-friendly price.

3. Collaborate with a Real Estate Agent

Real estate agents are ready to assist you in any way possible. Thus, if you work with an experienced real estate agent, you can explore a vast array of inexpensive houses at your convenience.

Your real estate agent will keep you up to date about any properties that match your price range as they become available. Plus, your real estate agent can offer homebuying recommendations that you may struggle to obtain elsewhere, ensuring that you can secure your dream residence at the right price.

Work with a real estate agent as you begin your search for an inexpensive home – you'll be glad you did. Your real estate agent will go the extra mile to help you find a wonderful house that won't require you to overspend. As a result, your real estate agent will make it simple for you to go from homebuyer to homeowner in no time at all.





Posted by Cindy Gordon on 8/18/2013

Buying a home is an important decision. That decision can often be an emotional and confusing time. While buying a home is not always about the numbers a little market knowledge can go a long way. Market statistics are also helpful for home sellers to place their home competitively in the marketplace. Here are some helpful stats every buyer (and seller) should know: 1. What kind of market it is There are typically three kinds of markets, a buyer's market, a seller's market and a normal or balanced market. Remember all real estate is local so if you have a question about what kind of market it is in your area be sure to consult with a real estate professional who can help give you the local information and statistics. 2. Average home prices Having a good grasp on the average sales price in your marketplace will help you know the pool of buyers you have to compete with when buying a home. If you are selling you will know if you have large or small pool of buyers. A home above the average will have a smaller pool and a home below will have a bigger pool of buyers who can afford the property. 3. Absorption rate The absorption rate is also known as the amount of inventory. The absorption rate calculates the amount of time a home is likely to sell in. To figure out the absorption rate divide the total number of available homes by the average number of sales per month. A high absorption rate (5 months or less) indicates a homeowner should sell in a shorter period of time. A low absorption rate (7 months or more) indicates a homeowner should sell in a longer period of time. A normal or balanced market has an absorption rate between 5 and 7 months. 4. Mortgage rates                                                                                                                       Mortgage rates vary depending on the type of loan, your credit and other factors. You should at least have knowledge of what the going rate is for mortgages. You may want to get more than one opinion on a mortgage. All of this information is readily available when working with a real estate professional. Remember to always use a trusted professional when making large financial decisions.