Sue Palomba | Saugus Real Estate, Everett Real Estate, Peabody Real Estate, Revere Real Estate


Purchasing a house on a budget can be difficult for even the most diligent property buyer. Lucky for you, we're here to help you create an effective homebuying budget and reduce the temptation to spend beyond your means to acquire your ideal residence.

Now, let's take a look at three tips to help you craft a property buying budget.

1. Examine Your Finances Closely

Your income, everyday expenses and other financial factors may impact your ability to buy a house. Therefore, you should analyze your finances closely to determine how much you can spend on a residence.

Once you evaluate your finances, you can establish a price range for your home search. Next, you can kick off a house search and move one step closer to acquiring your dream house.

2. Get Your Credit Score

Your credit score is a three-digit number based on your outstanding debt, length of credit history and other factors. It may have a major impact on your ability to secure home financing and establish a successful homebuying budget. As such, you should review your credit score and work to improve it before you enter the housing market.

To obtain your credit score, you can request a copy of your credit report from each of the three reporting bureaus (Equifax, Experian and TransUnion). You are eligible to receive a free copy of your credit report annually from each credit reporting bureau. Thus, you should take advantage of this complimentary perk and obtain your credit report as soon as you can.

If you identify outstanding debt on your credit report, you should work to pay this off. Or, if you find errors on your credit report, you should contact the bureau that provided the report to fix these mistakes.

3. Meet with Lenders

Banks and credit unions are happy to meet with you to discuss various home financing options. If you consult with these lenders, you may be better equipped than ever before to create a successful homebuying budget before you launch a house search.

Ultimately, lenders can help you get pre-approved for a mortgage. If you get a mortgage prior to searching for a house, you'll know exactly how much you can spend on a residence. Then, you can speed up your home search and discover your dream house faster than ever before.

As you get ready to begin your quest for your ideal residence, you may want to hire a real estate agent too. This housing market professional can put you in touch with top lenders in your area and help you secure home financing. Furthermore, a real estate agent can tailor a home search to your property buying budget. Perhaps best of all, a real estate agent will help you negotiate with a seller's agent to ensure you can get the best price on any home, at any time.

Create an effective homebuying budget – use the aforementioned tips, and you can establish a property buying budget and use it to streamline your home search.



8 Wonderland Ave, Saugus, MA 01906

Single-Family

$599,000
Price

7
Rooms
4
Beds
1/1
Full/Half Baths
Would you like a Gracious Colonial nestled back in a private place in Saugus? This beauty presents a show piece with expansive living spaces. Kitchen boasts a center island with an open concept of dining room that includes an inviting brick fireplace. Second floor has a reception foyer with an outdoor deck that overlooks a patio a full bath and a washer and dryer for easy convenience. It hosts a private yard, Bocce Court, and patio ringed with flowers. The garage has 2 level living space which could be ideal for a contractor to park his vehicles. Would you like to make this yours? This is the one.
Open House
Monday
August 06 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 8 Wonderland Ave, Saugus, MA 01906    Get Directions

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Choosing a real estate agent is one of the most important things that you’ll do in the process of finding and buying a home or selling a home. Your real estate agent is a true ally throughout the process. You want to be sure that the agent you choose is someone that you trust and feel comfortable with. If you don’t know anyone who is an agent, there’s a few things that you can do in order to find an agent who is right for you. 


Ask People Who They Prefer


You can talk with friends and family and let them know that you are in the market to buy a house. See if they have any recommendations for a realtor. You can also do a bit of research on prospective realtors. You can ask for a list of what gents have helped to purchase and sold in the past year. You can also contact clients directly if you’re able to get contact information. Find out if they were pleased with their realtor in the process. If you’re selling a home, you’ll have different needs than if you’re buying. You, of course, want to most money in the sale of your home. Yet, when you’re buying, you just want a great price and a dependable property. 


For Sellers:

  • How long were the homes on the market?
  • How were the homes marketed?
  • Compare the price that home sold for with other properties in the neighborhood
  • What’s the strategy for selling my house?


For Buyers:

  • Compare the price of homes bought to that of other homes in the neighborhood
  • How long did it take clients to buy a home? 
  • How long have you been an agent?


Look Up Your Agent’s License


Every state gives you the opportunity to look up real estate agents and see what types of licensing they have and if there has been any disciplinary action taken against them. You can probably find this information right online.


Find Out What Your Agent Specializes In


Some agents specialize in helping military families find homes. Some agents have taken classes in residential real estate. Other agents have accreditations in being buyer’s representatives. A good rule of thumb when looking for an agent is: if they have a lot of letters after their title, they have a lot of special qualifications!   


Here’s what some of the abbreviations mean:


ABR

Accredited buyer’s representative


SRES   

Seniors real estate specialist

NAR

National Association Of Realtors


ABR

Accredited buyer’s rep


CFR

Certified foreclosure resource


ASR

Accredited seller representative



Look At The Agent’s Current Listings


Just take a peek at your prospective agent’s listings online. This can give you an idea of the type of market that they may typically appeal to. You can also check the listing prices and see how long different properties have been on the market. If you’re buying a home, your realtor is able to represent you no matter who the listing agent is for a property, so keep that in mind.


Doing a bit of ground work before choosing a real estate agent can really be helpful in finding the right person to guide you through the process of buying or selling a property.



6 Stone Street, Saugus, MA 01906

Single-Family

$569,000
Price

8
Rooms
3
Beds
1/1
Full/Half Baths
Would you like a home that carries great pride of ownership? Would you like a Great Location to Live?? Bright and airy Colonial with gleaming hardwood floors. This home Welcomes a front entrance that opens to a new kitchen with stainless steel appliances, subzero refrigerator, new double oven and center island. Cozy and natural light in family room with cedar cathedral ceiling & sliding doors leading to a 22 x 13 deck. Dining Room has an atrium double door leading to deck and also extends to a spacious beamed living room allowing gorgeous sunlight and centers around the fireplace. The second level holds 3 bedrooms and a full bath plus lots of storage in walk up attic. 2nd bdrm offers balcony. 2nd Family Room in lower level, laundry Room & additional storage. This home offers 2 car garage with brand new wooden door, level fenced in yard, professional landscaping, driveway for 6-8 cars and more. This area allows access to transportation, highway, and malls, into a thriving town.
Open House
Sunday
August 05 at 12:00 PM to 2:00 PM
Cannot make the Open Houses?
Location: 6 Stone Street, Saugus, MA 01906    Get Directions

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Looking to sell a house for the first time? Ultimately, your home's curb appeal may dictate how quickly you can proceed along the home selling journey.

Typically, a house with an awe-inspiring exterior will make a great first impression on homebuyers. This means homebuyers may become more likely to pay attention to this home over others and submit an offer that matches or exceeds a home seller's expectations.

On the other hand, a home that has a messy, uncut front lawn, cracked and chipped exterior paint and other exterior problems is unlikely to generate substantial interest from the right groups of homebuyers. As such, this home may remain on the housing market for an extended period of time.

Lucky for you, we're here to help you upgrade your house's curb appeal before you add your residence to the real estate market.

Now, let's take a look at three tips to help you bolster your home's curb appeal and increase your chances of a fast, profitable home sale.

1. Take an Objective Look at Your Home's Exterior

For first-time home sellers, it is important to do everything possible to guarantee that a residence stands out from the competition. And with a few simple home exterior improvements, a home seller can improve a house's curb appeal quickly.

Home exterior maintenance like mowing the front lawn, clearing debris from walkways and trimming the hedges can make a world of difference in the eyes of homebuyers.

Also, if you want extra help with home exterior tasks, don't hesitate to reach out to landscaping companies or other home exterior maintenance professionals. These home exterior experts should have no trouble helping you transform an ordinary home exterior into a dazzling one.

2. Conduct a Home Appraisal

A home appraisal offers a wonderful opportunity for a first-time home seller to identify potential home exterior issues and address such problems without delay.

During a home appraisal, a property inspector will assess a house both inside and out. He or she likely will spend several hours analyzing a house's strengths and weaknesses. Then, when the property inspector's evaluation is complete, he or she will provide a report that details the assessment findings.

A first-time home seller should analyze a home appraisal report closely. By doing so, this home seller can find out what it takes to upgrade a house's exterior and map out assorted home improvements accordingly.

3. Consult with a Real Estate Agent

If a first-time home seller is unsure about how to improve a house's curb appeal, consulting with a real estate agent is ideal. This housing market professional can offer honest, unbiased home exterior improvement recommendations to help a home seller bolster a house's curb appeal.

Furthermore, a real estate agent is happy to respond to a home seller's concerns and questions throughout the home selling process. He or she will serve as a home selling guide and do everything possible to help a home seller achieve the optimal results.

Take the guesswork out of boosting a home's curb appeal – first-time home sellers can use the aforementioned tips to enhance a house's curb appeal in no time at all.




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