Mary O'Brien's Blog
778 Turnpike St, Stoughton, MA 02072
778 Turnpike St, Stoughton, MA 02072
There are a lot of ways a real estate agent can help you find the best home for your needs. However, the final decision always rests squarely on your shoulders.
The challenge for many home buyers -- especially first-timers -- is to keep everything in perspective and avoid sacrificing features that are especially important to you.
Developing a carefully thought-out priority list, consisting of both necessities and "wish list" items, is an essential starting point for getting what you want in a new home. Even though house hunting can potentially wear you down, it's important to hang in there and stay true to your priorities.
While everyone has different expectations, lifestyle needs, and personal requirements, some things are bound to create issues down the road.
- Being too close to neighbors: Depending on your need for privacy, this may or may not be a problem for you. However, if you don't want your life to feel like a reality show (with your neighbors being the audience), then it would probably pay to maintain a comfortable distance between houses. Unfortunately, that's not always possible. For example, if you're in the market for a home in an urban environment or a townhouse setting, then close proximity "comes with the territory". If living in suburbia is your objective, though, it's often feasible and desirable to keep some breathing room between neighbors.
- Basement laundry: Having to go up and down an extra flight of stairs every time you do your laundry is not the worst thing in the world, but it can make laundry day more of a hassle. The inconvenience of a basement laundry is multiplied if you have to do several loads of laundry every week. To make that chore even more unpleasant, unfinished basements are often dank, musty smelling, and not much to look at! Regardless of the condition of the basement, though, having a first-floor laundry does make life a lot easier!
- A tiny yard: A spacious yard is not a feature all house hunters require, but if you have dogs, kids, and the occasional backyard barbecue, then you'd probably find a good-sized yard to be more satisfying. On the other hand, if your short-term plan includes moving in a few years, then yard size might not be a major issue.
- Being too far from conveniences: Do you have your heart set on a rural setting for your next home? If so, you may have to sacrifice being close to shopping, entertainment, friends, and work. It is a potential trade-off that you and your family will need to consider carefully. Reaching a consensus on what you must have versus what you'd like to have in a home will hopefully help ensure a decision you'll all be satisfied with.
Norton, MA 02766
Whether you're 25 or 65, one thing's for sure: Home ownership, raising a family, and having enough money to retire comfortably takes a lot of money! Surprisingly, a high percentage of people of all ages have not accumulated a sufficient nest egg for their future needs.
What many homeowners (and aspiring homeowners) don't stop to realize is that there are many opportunities to save money, reduce expenses, and keep more of your hard-earned cash where it belongs: in your pocket, bank account, or retirement plan. While it may seem like your money flies out the window as fast as you can earn it, you may be overlooking some key strategies for holding on to more of it. One of the most powerful tactics for saving and making more money is learning how to negotiate effectively.
Practicing the Art of Negotiation
Virtually "everything is negotiable," especially in real estate transactions. Fortunately, you can rely on a good real estate agent to look out for your interests and get you the best deal. However, it is generally to your advantage to have a basic understanding of negotiating principles and the possibility of winning concessions from the other side.
Perhaps the number one thing to keep in mind when attending an open house or touring a home you're considering buying is to choose your words carefully -- particularly if you're in the presence of the seller's agent or the home seller, themselves (Note: If you're just viewing the house with your buyers' agent, you don't have to worry about weighing your words or being too effusive.) As an example, if you blurt out "This house is absolutely perfect!" or "This is exactly what we're looking for!" then you're putting yourself at a strategic disadvantage when it comes to making an offer on the house. It pays to "play things close to the vest." That expression, of course, originated from the game of poker, in which it's a tactical error to let your opponents see your cards.
There are dozens of situations in life where negotiating skills can help you gain hundreds, if not thousands of additional dollars from a transaction. Examples range from negotiating a raise or a starting salary to buying or selling real estate or automobiles. By developing your negotiating skills and practicing them at every opportunity, you'll find yourself gaining financial and other advantages that wouldn't otherwise be available to you. As the poem "My Wage" by Jessie B. Rittenhouse reminds us, if we bargain with life for pennies, then that's exactly what we'll get in return.
By negotiating the best possible deal in real estate transactions, automobile purchases, home improvement contracts, employment opportunities, credit card interest rates, and dozens of other situations, you can build up a larger retirement nest egg, help your kids pay for college, and achieve a greater measure of financial security.