Coleman & Sons Real Estate
451 Main St, Waltham, MA 02154
781-894-7100 | coleman451main@gmail.com



Posted by Coleman & Sons Real Estate on 2/28/2020

Purchasing a home may prove to be a good idea. In fact, there are many reasons to pursue a house, and these include:

1. You can purchase a home that you can call your own.

There is nothing quite like the feeling an individual typically experiences after he or she buys a house. If you conduct a search for your dream residence, you can enjoy this one-of-a-kind feeling in the near future.

Of course, if you decide to purchase a home, you may want to establish property buying criteria. This will allow you to hone your home search and accelerate the property buying journey.

As you put together homebuying criteria, think about where you want to reside and what features you want to find in your ideal residence. Then, you can begin the homebuying journey with a plan to achieve the best-possible results.

2. You could save money over the long haul.

Let's face it Ė the costs of renting an apartment, condo or house can add up over time. On the other hand, a home is a long-term investment that may help you save money in comparison to renting a property.

If you decide to launch a home search, you may want to get pre-approved for a mortgage too. Banks and credit unions are available in cities and towns nationwide, and these financial institutions can teach you everything you need to know about home financing. As a result, if you meet with banks and credit unions in your area, you can find a mortgage that complements your finances perfectly.

3. You can personalize your residence however you choose.

A house is more than just a place where you eat, sleep and store all of your personal belongings. And if you acquire a residence, you can transform an ordinary house into a personalized home.

As a homeowner, you can paint your home any color you choose, perform assorted house upgrades and much more. Therefore, homeowners enjoy unprecedented flexibility and can customize a house so it matches or exceeds their expectations.

For those who are ready to pursue a house, it often helps to hire a real estate agent. This housing market professional can offer plenty of guidance throughout the property buying journey and ensure you can quickly discover your dream house.

A real estate agent will keep you up to date about houses that fall within your price range, set up home showings and help you submit an offer to purchase your ideal residence. Plus, a real estate agent will negotiate with a seller's agent on your behalf to help you pay the lowest price for your dream home. And if you ever have concerns or questions during your home search, a real estate agent is ready to respond to them right away.

Ultimately, buying a home is a good idea for many people. If you hire a real estate agent today, you can instantly start a home search and move one step closer to acquiring your dream residence.




Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 2/7/2020

For those who are on the lookout for a great house, it may be beneficial to explore homes in small towns. In fact, there are many reasons to pursue a small town residence, and these include:

1. You can avoid the hustle and bustle of big city living.

Purchasing a house in the city may prove to be difficult. In many instances, competition for houses near city attractions and landmarks is fierce. Also, owning a home in the city may require you to pay high costs for taxes, parking and more.

Comparatively, small town living often provides a breath of fresh air, particularly for those who want to avoid the hustle and bustle of a big city. Small town homes are available in a variety of sizes and styles. Perhaps best of all, purchasing a small town house typically won't force you to break your budget.

2. You can live close to loved ones.

If family members and friends live in a small town, it may be beneficial to join them. And if you kick off a search for a home in the small town of your choice, you can live near loved ones.

Of course, prior to starting a small town home search, you may want to learn about the local housing market. If you possess housing market data and insights, you can tailor your property buying strategy accordingly.

3. You can find a superior house at a budget-friendly price.

Small town homes may be more affordable than their big city counterparts. Therefore, a buyer who wants to find the best value for a home may want to narrow his or her house search to properties in small towns.

When it comes to searching for a small town home, there are lots of exceptional options available across the United States. As such, determining exactly where to pursue a small town home sometimes can be challenging.

Thankfully, hiring a real estate agent is a viable option for all buyers, at all times. A real estate agent can teach a buyer about the housing market in any small town. By doing so, this housing market professional can help a buyer take the guesswork out of finding and purchasing a small town residence.

A real estate agent is happy to provide plenty of assistance at each stage of the property buying journey. He or she will set up small town home showings and keep a buyer up to date about properties that match this individual's criteria. Plus, if a buyer finds his or her ideal small town residence, a real estate agent will help this individual submit a competitive offer to purchase.

For those who want to pursue a small town residence, there is no reason to work alone. If you hire a real estate agent today, you can receive extensive support as you conduct a search for a home in the small town of your choice.




Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 12/6/2019

Buying a new home is a joyous occasion, one that should be celebrated by family members and friends. However, telling people about a new home purchase sometimes can be tough, particularly for those who may be leaving roommates or others behind.

Lucky for you, we're here to help you alleviate the stress and worry commonly associated with telling family members or friends about a new home purchase.

Here are three tips to ensure you can remain calm, cool and confident as you inform your loved ones about your decision to buy a new home.

1. Prepare As Much As You Can

Purchasing a house is a life-changing decision, and as such, your loved ones may have concerns. Therefore, you should plan ahead for any questions that you could face about your new house.

Why did you decide to buy a home in a particular city or town? How much did you pay for a house? And what does your home purchase mean for your loved ones? These are just some of the questions that you should prepare to face when you share the news about your new home purchase with loved ones.

Also, it is important to realize that you and your loved ones won't always see eye to eye. And if a family member or friend disagrees with your home purchase, accept his or her opinion and move forward.

2. Take a Proactive Approach

When it comes to informing others about your home purchase, it is always better to err on the side of caution. Thus, taking a proactive approach will ensure you can directly inform the most important people in your life about your home purchase.

Communication is key between family members and friends. With a proactive approach, you can inform your loved ones about your homebuying decision and minimize the risk that they will hear the news from a third-party.

Don't leave anything to chance as you determine who to tell about your home purchase. If you believe there is a risk that a loved one will be left in the dark about your new home, be sure to reach out to this individual directly.

3. Understand the Emotions Involved with a New Home Purchase

A new home purchase represents a new opportunity for you and your family. If some family members and friends feel left out of your upcoming move, many emotions may bubble to the surface.

Keep the lines of communication open with family members and friends Ė you'll be glad you did. That way, loved ones can share their thoughts and feelings about your new home purchase and understand you will allocate the time needed to hear them out.

If you need extra help as you get ready to tell loved ones about a new home purchase, don't be afraid to ask your real estate agent for assistance, either. This real estate professional understands the intricacies of purchasing a home and can provide expert guidance throughout the homebuying journey.




Categories: Uncategorized  


Posted by Coleman & Sons Real Estate on 11/29/2019

Going through the process of applying for a mortgage only for your application to get denied can be a frustrating and confusing time. If youíre hoping to buy your own home in the near future, itís vital to secure financing or you risk missing out on a home that you may have been depending on getting.

In todayís post, weíre going to talk about what happens when your mortgage application is denied and what you can do to fix the problem as quickly as possible.

Determine the Cause of Denial

If your application is denied, priority number one needs to be to understand what happened. Since lenders are required to provide denied applicants with a letter explaining why they were denied, this just means reading the letter and making sure you understand all of the reasons listed.

There are a few common reasons that an application may be denied. Some of them are simple fixes, while others might require time and effort on your part that may delay your house hunt for a while.

One issue that many mortgage applicants have to handle is when their employer wonít provide proof of income to a mortgage lender. Since income verification is vital to the mortgage application process, itís important to make sure you can provide all of your income details from the last 2 years to the lender.

Sometimes there are issues with contacting employers, such as when your former place of employment goes out of business. Or, you may be a freelance or contract worker with atypical forms of income verification. Regardless, make sure you are clear with your loan officer regarding your employment history.

Other common causes for denial of an application include problems with your down payment (such as not meeting the required down payment amount) and credit history issues, such as having a lower score than you thought.

Credit score lower than expected

Itís not uncommon for a lender to run a credit check and come up with a score that is lower than you anticipated. Since scores change on a monthly basis, and since there are differences between the scores provided by the three major credit bureaus, you might find that your lender found a score slightly lower than what thought.

If the score is drastically different, however, this could be a sign of two things. First, make sure that you havenít recently made multiple credit inquiries (such as applying to several lenders who perform credit checks) or by opening new credit cards or loans. These inquiries temporarily lower your credit score.

If you havenít recently made any inquiries (other than applying for a mortgage with your lender of choice), then itís a good idea to get a detailed credit report and scrutinize it for errors. Inaccuracies on your credit report can be disputed and resolved and can give your score the boost you need to be competitive on your mortgage application.  

Choosing a different lender

While most lenders use similar criteria in determining your borrowing eligibility, there are some differences between lenders.

For example, some lenders might take on more risk by lending to someone with a lower credit score. However, they will also likely require a higher interest rate in exchange for the added risk theyíve acquired.


Now that you know your options for what to do when an application is denied, youíre well-equipped to start tackling the issue and getting back on track to becoming a homeowner.





Posted by Coleman & Sons Real Estate on 9/27/2019

Your credit score can play a major role in your ability to get the financing that you need to buy a house. As such, you'll want to do everything possible to improve your credit score before you enter the real estate market.

Now, let's take a look at three quick, easy ways to boost your credit score.

1. Pay Off Debt As Quickly As Possible

Get a copy of your credit report from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). You are entitled to one free copy of your credit report annually from each credit reporting bureau, and you should take advantage of this perk so that you can learn about your outstanding debt.

If you have lots of outstanding debt, you'll want to start paying this off as quickly as possible. Because the less debt that you have, the more likely it becomes that you can get a favorable mortgage from a credit union or bank.

Don't wait to begin paying off outstanding debt. If you pay off even a small portion of your outstanding debt regularly, you can move closer to getting the financing that you need to acquire a terrific house.

2. Avoid New Credit Cards

A low credit score can be worrisome, and it may cause you to consider a variety of options to manage outstanding debt. However, if your credit score is low, there is no need to take out additional credit cards.

New credit cards may seem like viable short-term options to help you cover various expenses while you pay off assorted outstanding debt. But these cards are unlikely to help you resolve the biggest problem Ė paying off your outstanding debt to bolster your credit score.

Instead of signing up for new credit cards, it often helps to cut back on non-essential bills. For instance, if you don't need cable, you may be able to eliminate this expense and use the money that you save to pay off outstanding debt. Or, if you have first-rate items that you don't need, you may want to sell these items and use the profits to pay off myriad bills.

3. Keep Your Credit Card Balances Low

Once you have paid off your outstanding debt, you'll want to keep your credit card balances low.

It often helps to have one credit card that you can use in emergencies. If you keep one credit card and get rid of any others, you may be better equipped than ever before to maintain a high credit score.

Lastly, if you require additional assistance as you prepare to kick off a home search, you may want to work with a real estate agent. This housing market professional can help you narrow your home search to residences that fall within a specific price range. That way, you can avoid the risk of spending too much to acquire a house.

Increase your credit score Ė use the aforementioned tips, and you can raise your credit score before you launch a home search.







Tags
UA-55586042-1