Tina McManus | Beverly Real Estate, Salem Real Estate, Hamilton Real Estate, Danvers Real Estate


As incredible the act of purchasing a home is, many buyers end up regretting their purchase. There’s a variety of reasons for this. It all comes down to being ill-informed about buying a home and the type of home needed for the most liable situation. Read on to find out some of the biggest regrets home buyers face and how to avoid them. 


Buying Too Small Of A Home


The most prominent regret that many buyers face is not buying a larger property. Many people want to live in a specific location or type of home that they overlook the size altogether. One reason that people end up buying a home that’s the wrong size is that they rush to find a property in a particular area. If you branch out on your search, you’ll have a better shot at finding the right size home. The area might not matter as much as the space you’re living in, s keep that in mind. 


Not Doing Your Research


People tend to skip out on the research phase of buying a home. It’s critical that buyers understand things like mortgage rates, fees, credit reports, how much needs to be saved, and more. There are so many things that go into buying a home that you could easily miss out on something if you don’t know what you’re in for ahead of time.


Not Saving Enough


Your home will be one of the largest purchases you make in your entire life. There is a lot more to the cost than just the monthly mortgage payment. You’ll need a lot of money upfront when you buy a home including a downpayment along with other closing costs and fees. Plus, you’ll need to set some money aside for any repairs or replacements you need to do in the home once you move in. It’s also a good idea to have an emergency fund available just in case. Life happens, and you don’t want your savings to be depleted because you bought a house. 


Keep in mind that the bigger of a downpayment you make, the better off you’ll be. Even if you can buy a home with a low downpayment, you want to put down as much as possible. A higher downpayment will keep your mortgage payments lower, get you a better rate, and you may even be able to avoid paying for PMI (private mortgage insurance.) Aim to save a 20 percent down payment for the most optimal mortgage situation.      

   


While it's not always possible for conditions to be "perfect" when a real estate agent is showing a home for sale, things usually go more smoothly when homeowners are not present.

There are several reasons for this, including the fact that the family's presence at a real estate showing may make the prospect feel self conscious and uncomfortable.

Among other things, the potential buyer may feel like they're intruding and being an imposition. Some buyers also find it harder to concentrate on the many details they need to focus on to evaluate the home.

The ideal scenario happens when house hunters are able to picture themselves as the future owners of your home -- perhaps imagining what it would feel like to cook dinner in your kitchen, entertain guests in your living room, and relax on the back porch. However, when you and your family are there, it makes it more difficult for them to conjure up those images in their mind. So, to the extent that it's possible, it's often a good idea to take the kids out for ice cream or go on a short trip to the mall when a showing of your home is scheduled.

Granted, it may be a little inconvenient -- especially if the visit was set up at the last minute -- but you don't want to unintentionally dissuade someone from making an offer on your house. You never know what might "upset the apple cart!" There's a lot at stake and every prospect is a potential buyer.

Ideally, prospects should feel unpressured, unhurried, and free to express their opinions about what they're seeing. If they feel like they have to weigh their words carefully and be discreet about every reaction, then their discomfort may spill over into their feelings about the house, itself. Since buying a home is often an emotional decision, any negative feelings in the prospect could potentially derail the chances of a purchase offer being made.

Real estate agents not only serve as knowledgeable "tour guides" and objective sources of information for house hunters, but they're also there to accentuate the positive and minimize the negative aspects of a property. One of their main objectives is to put prospects at ease and help them appreciate all the desirable aspects of your home.

There are dozens of details, property features, unique attributes, and flaws that potential buyers are trying to assimilate and remember, so the fewer distractions there are, the better! That's why it makes sense to keep the atmosphere as uncomplicated as possible. It can be a bit of a delicate balance for real estate agents to maintain, but most have the training, experience, and finesse to keep things on an even keel and moving forward!


If you have more than a couple children or an extended family that likes to visit frequently, then owning a large home may be a good match for your lifestyle. While some people immediately assume that a large house would be too expensive, that's not necessarily the case. There are several factors which influence price -- including location, market conditions, and, of course, the house itself. An experienced real estate agent can provide you with the guidance to determine what type of house is best suited to your family's needs, your budget, and your goals. Advantages of a Big House If you love to throw big holiday parties and host family gatherings, then a spacious house can be the perfect setting for that kind of lifestyle -- especially, if overnight guests are part of the plan. Having extra bedrooms also provides space for things like home offices, exercise rooms, and children's play areas. Big homes are ideal for large families because they enable parents and children to pursue separate activities in different parts of the house without disturbing each other. Lots of bathrooms come in handy when you have a houseful of company or just a big family all wanting to use the bathroom at the same time! Side note: A challenge for some home owners is resisting the temptation to use spare rooms as repositories for obsolete electronics, out of date clothing, outgrown toys, old magazines, and other things of questionable value. (I'll reserve that topic for a future blog post!) Are Big Houses "High Maintenance"? The first potential disadvantage that comes to mind when discussing the pros and cons of a spacious home is the monumental task of keeping the house clean. If your budget allows it, a good residential cleaning service is an expense that's well worth the cost. As is the case with all professional services, there's a lot of variation between prices, guarantees, quality, and personalities. That's why it pays to get at least two or three estimates to help ensure you're receiving the most value for your money. Another set of costs to keep in mind when eyeing a large house is heating, cooling, and maintenance. If you're thinking about buying a big home, those things should be factored into your decision. Other details to notice when checking out homes for sale is the amount of insulation in the attic and the energy efficiency of the windows and doors. A knowledgeable home inspector can help you make sure the house is well insulated and energy efficient. Otherwise, you could find yourself saddled with enormous energy bills that could have otherwise been avoided. Ideally, a spacious home should have a climate control system that enables you to regulate different 'zones' individually. That way, you don't have to waste energy heating or cooling parts of the house that are essentially unoccupied at certain times. Programming your HVAC system to accommodate changing energy needs at night and during the work day is another way to help control potentially high utility bills in a large house.

Ready to add your house to the real estate market this fall? Not so fast! Autumn may prove to be a difficult time to sell your home, particularly for those who are unprepared for the fall housing market. Fortunately, we're here to help you take the guesswork out of selling your home in fall.

Here are three autumn real estate tips that every home seller needs to know about:

1. Set a Competitive Price from Day One

Many homebuyers exit the real estate market in summer, which means that the number of home sellers may exceed the number of property buyers in autumn. Thus, you'll want to establish a competitive price for your home from the get-go to boost your chances of a quick home sale.

To determine a fair price for your home, you'll first want to look at the current housing market. Check out the prices of comparable houses in your city or town. Also, examine how long similar houses have been available and whether home sellers have been forced to drop their prices over the past few months.

Don’t forget to conduct a home appraisal as well. This appraisal will enable you to identify your home's strengths and weaknesses so you can price your house accordingly.

2. Clean Your Home Inside and Out

Let's face it – no homebuyer wants to purchase a messy residence. Lucky for you, there's still plenty of time to clean your home's interior and exterior before you add your residence to the autumn housing market.

Assess your home's exterior and make improvements to optimize your residence's curb appeal. Mow the front lawn, rake leaves away from walkways and install exterior lighting as needed. By doing so, you'll be able to make it easy for homebuyers to fall in love with your residence as soon as they see it.

When it comes to cleaning your home's interior, you can mop the floors, wipe down the walls and ceilings and de-clutter. And if you need extra help along the way, you can always hire a professional cleaning company too.

3. Work with a Real Estate Agent

A real estate agent is a difference-maker, and as such, will do everything possible to showcase your residence to the right homebuyers in autumn.

Hiring a real estate agent ensures that you can receive expert guidance throughout the home selling process. This real estate professional will teach you about the ins and outs of the autumn real estate market and ensure that you can prep your home properly. He or she will even set up home showings and open houses, promote your home through social networks and other online sources and much more.

Selling a home in autumn may seem challenging, but a real estate agent will help you streamline the home selling cycle. Therefore, it is paramount for a home seller to hire a real estate agent to get the best results possible.

Use the aforementioned home selling tips, and ultimately, you should have no trouble selling your residence in autumn.



6 Crosby Ave, Beverly, MA 01915

North Beverly

Single-Family

$399,900
Price

6
Rooms
3
Beds
1
Baths
Instantly Appealing, this 3 bedroom, 1 bath Cape Cod-style home is pretty as a picture. The living room has a classic brick fireplace to gather around, a casual dining room off the living room for mealtime relaxation. The remodeled kitchen has granite counter tops and stainless steel appliances, and the house features hardwood floors in the kitchen, dining room, living room, and bedrooms. A light, bright sunroom with vaulted ceiling and sliding glass doors lets in views of the garden. There's a lovely, fenced-in yard - with your own pear tree! - where you'll long to linger. This house also has a full basement and 1-car attached garage. An ideal location, no through-street traffic and minutes to shopping, nature trails, the beach, commuter routes and rail. This home is too good to last! 1st showings at Open Houses Sept. 29th and 30th 11:30-1:00. Offers, if any, due Monday, 10/1 by 5:00 pm. Seller to respond Tuesday, 10/2 by 5:00 pm.
Open House
Saturday
September 29 at 11:30 AM to 1:00 PM
First showings at this Cape Cod Charmer with 3 bedrooms, 1 bath, an attached 1-car garage, hardwood floors, fireplace, updated kitchen, and a fenced-in yard! Don't miss it!
More Open Houses
Cannot make the Open Houses?
Location: 6 Crosby Ave, Beverly, MA 01915    Get Directions

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