Tag Archives: Home Buying

Strategies for Tackling Buyer’s Remorse

CLbqPpjXAAASWnqFor some, any major—or even small—purchase will elicit feelings of anxiety, regret, and even doom; however, even though you may be someone who is generally inclined to a bit of hand-wringing, when purchasing a home, it doesn’t necessarily have to be that way.

YOU CANNOT CONTROL EVERYTHING

For starters, let’s just address the obvious.  Yes, purchasing a home is a huge commitment, both in terms of finances and time.  Still, while a large part of that process may feel overwhelming and beyond your control, remember try to remember that it is often our need to feel like we must control everything that gets us into trouble.

Instead of fixating on everything that frightens you about owning your new home—or a home in general—remind yourself of all the reasons you made the decision to purchase in the first place.  Whether you were tired of landlords or simply loved the possibility of having a big backyard, chances are good that you put in a lot of time, effort, and money to get to where you are.

As with most things in life, if you spend more time focusing on the good instead of ruminating over the bad, you’re likely to be a much happier person.  Overcoming buyer’s remorse is no different.  Fixate on the possibilities, the potential, and the parts that simply feel like home.

STOP AND THINK

All-too-often, we find ourselves feeling overwhelmed without taking the time to assess what we’re truly feeling.  Where are those thoughts of buyer’s remorse coming from?  Are you afraid that you won’t be able to afford the mortgage?  Is there a lot of work that still needs to be done?  Do you feel like it may be smaller than you expected?

Instead of standing still and continuing to stress, make a list of your worries and start by addressing what you can, one thing at a time.  Take a Saturday to paint the guest room.  Replace the lighting in the kitchen.  By slowly crossing items off your list, you’re likely to feel that sense of dread lift, ever so slightly.

SHOW IT OFF

Hey!  You just bought a home!  That’s great!  …and let’s be honest, it really is great!  Not everyone is in a position to do that—no matter how much they’d like to be—so why not celebrate?

Throw a housewarming party, barbeque, or dinner and gather your loved ones for a celebration.  Chances are better than good that everyone will be more than excited for you, so let a little bit of those good vibes remind you of how fantastic your new place is.

TAKE SOME TIME TO CREATE YOUR SPOT

Part of learning to love something requires finding a bright spot in what may otherwise be somewhat dim.  When you take the time to appreciate one area of your home, chances are good that those warm feelings will spread.

Set aside a few spare moments to just sit in your new space—every day—and appreciate the things you love about your little corner of comfort.  Whether it’s soft light at sunrise or open French doors, let this part of your house feel like home and hopefully, the rest will follow.

If you’d like to find your dream home and want some assistance with the buying process, I’d love to offer my services.  Please feel free to contact me anytime.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

The Fed Announces Imminent Interest Rate Hike: What it Means for Buyers

101711088-182695069.530x298You may have recently heard that the Federal Reserve has plans to raise interest rates; however, at this point in time, there’s no definite time frame for the shift.  The decision, which is expected to be announced later this year—experts are suggesting the possibility of mid-September—is the result of a healthier economy that no longer needs the buffer that interest rates close to zero have provided over the last 9 years.

In essence, returning rates to historically “normal” levels will not only help keep future inflation from rising too quickly, but will also ensure the vitality of the lending market.

While this type of rate increase often leads to a bit of temporary instability in the market, which can lead to negative issues such as slowed economic recovery and stagnant employee wages, it can also signal higher returns for consumers who consistently save their money.

Still, if you are someone who is looking to borrow the necessary funds for a new home, you’re bound to find yourself in a tight spot if you fail to lock in today’s low rates.  At this point in time, an average 30-year mortgage carries a 3.8% interest rate, which is down from 4.3% about a year ago, so experts suggest that if you’re thinking of buying a home, now is the time to push for loan approval.

If you’re on the hunt for a new home or are simply looking for a competent mortgage professional, I’d be happy to provide referrals and offer guidance along the way.  Please feel free to contact me at your earliest convenience.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Why You Need a Realtor When Buying New Construction

new-constructionAs the economy has improved, so too has the construction of new homes.  What were once sad, empty parcels of land are now beautiful new developments, so it’s no surprise that sales in these neighborhoods have increased as buyers have returned to the market.

Building your dream home can be exhilarating, especially if given the opportunity to not only pick your lot and layout, but everything from your interior finishes to your upgrades as well.  While today’s homebuilders work hard to make the process as easy as possible for potential buyers, it’s still important to remember that purchasing a home involves a large financial transaction that can have an abundance of financial implications if handled incorrectly.

Therefore, while most new housing developments have their own agents on site to assist future homeowners in procuring a home, it’s still extremely important for buyers to maintain their own representation as well.

BUILDER REPS HAVE AN OBLIGATION TO THE BUILDER—NOT YOU.

While builder reps help detail things like the difference between various models and floorplans, as well as upgrades and available financing, it’s imperative to remember that those reps are still contractually obligated to place the interests of the builder first.  Therefore, in order to be sure that your total wellbeing is given priority, buyers should seriously consider utilizing the services of an experienced Realtor who can make sure their wants and needs are placed at the forefront of the deal.

While you may think that you can easily go forth without an agent, especially in the hopes that the builder will negotiate the 3% agent fee back into your pocket, the reality is that they’ll probably keep it unless you have the representation of a Realtor who can research how much negotiating can be done.  Without this outside assurance, chances are good that you may find yourself over paying for your property.

FIDUCIARY RESPONSIBILITY.

Real estate transactions involve a good deal of paperwork and legal considerations which can be difficult to navigate if you are not completely sure how the process should work.  If you’re making the decision to spend hundreds of thousands of dollars on a home, you need to make sure that someone is looking out for your best financial interest.  A Realtor will not only be contractually obligated to protect you, but can help you navigate the various clauses, riders, and upgrade options embedded in the final new-construction contract.

SMOOTH NEGOTIATION PROCESS.

Part of the buying process involves the negotiation of terms, upgrade options, and closing costs, as well as selecting the best financing for your needs.  A Realtor will be able to present other attractive options for financing or will be able to work directly with the builder’s lender to secure a better rate for your mortgage.

A GUIDING HAND FROM SEARCH TO CLOSE.

From here, it’s important to remember that buying a new home is more than the fun process of selecting your finishes and signing on the dotted line.  It also involves everything from working with title companies to attending numerous inspections, so it’s worth having a Realtor on your side who can manage the overall process and ensure you’re not missing anything before the home is completely yours.

Therefore, if you’re in the market for a new home and would like some help navigating the waters, I’d love to make my services available.  Please call me for more information or to set up a meeting.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Mortgage Rates are Rising, So It’s Time to Buy!

mortgage ratesWhile most of us are happy to see the end of the foreclosure crisis and an improved national economy, the truth of the matter is that, while buyers were able to land some amazing deals during the recession, their current situation isn’t looking as promising.  Plain and simple, in the majority of markets, the number of people searching for homes far exceeds the available inventory, which means many buyers are having a difficult time finding a home that truly meets their needs.

In the last few years, buyers were able to score big with low mortgage rates; however, the real estate industry—as well as the federal government—made no secret of the fact that rates were expected to go up in 2015.

As it stands right now, mortgages are up 30 to 40 points from last year’s low.  While the actual math behind these numbers may prove confusing, suffice it to say that a higher mortgage rate will increase your monthly payment, which may potentially limit the type of home you can purchase.  Present numbers would suggest that most buyers can expect an additional $40 on their monthly statement, which may prove to be a lot for many middle- and lower-income households.

Therefore, if your goal is to secure a suitable home at the lowest price possible, it’s worth entering the real estate market sooner rather than later since rates are expected to keep going up.  To get things moving, it’s important to utilize the services of an experienced real estate agent, as well as a reputable mortgage lender who can help you look for discounts, government programs, and other savings during the application process.

With increasing mortgage rates, you’ll need all the savings you can get, so surrounding yourself with a solid team is extremely important.

To learn more about finding your dream home before the mortgage rates get even higher, please feel free to contact me.  I’d love to offer my advice or provide you with referrals for several qualified mortgage professionals.

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Increase Your Home’s Exposure: Marketing to Millennials

180717315Marketing your home is all about universal appeal, which means you’ve probably heard an abundance of advice imploring you to “de-personalize” your space and to paint in neutral colors.  However, while following such guidance is important, there’s also something to be said for targeting large sections of the population who are in a position to buy.

Enter the Millennial—someone who reached adulthood around the year 2000, putting them in their early-to-mid thirties.  While this generation may seem like a bit of a tough sell, especially since studies have shown that they’re much more open to the idea of choosing a lease over a mortgage, dismissing their purchase potential could be a costly mistake.

Plain and simple, many Millennials are looking to buy their first home, so if you’re looking to tap into their market, you’ll need to advertise, stage, and prep your home in a way that will appeal to their demographic.

HIGHLIGHT THE RIGHT FEATURES.  While generations of years past may have fixed their sights on things like two-car garages and extra storage space, Millennials tend to favor homes with open floor plans, media rooms, hardwood floors, and granite countertops.  By specifically marketing these features, chances are good that you’ll grab the attention of younger buyers.

MAKE YOUR NEIGHBORHOOD A SELLING POINT.  For many Millennials, the neighborhood matters just as much as the home, so make a point to emphasize your close proximity to desirable locations such as malls, restaurants, major cities, and schools.  Simply knowing that your house is located within a convenient location will increase its appeal and cast an otherwise unremarkable home in a new light.

GO GREEN.  It’s no secret that younger generations tend to place more emphasis on being environmentally-conscious, so it shouldn’t be a surprise that this emphasis also comes into play when searching for the right house.

Most builders already use eco-friendly materials and products in newly built homes, but if your property is a bit older, you may want to consider making a few upgrades to stay competitive.  Simply replacing single-pane windows with double-pane glass can go a long way, as can adding water efficient shower heads.

LESS CLUTTER, THINK CLEAN.  While modern architecture tends to be popular with younger buyers, your house doesn’t need to have a minimalist design to maintain its appeal.  Make a point to clear out your personal clutter and remind yourself that less is more.  Your goal is to make your home appear as open and light as possible, so consider home staging that will create clean, crisp surroundings.

GET ONLINE.  Younger buyers live in a technological world, so if you want your home to be seen, it needs to be there as well.  Personal websites, Twitter, and Facebook are great places to advertise if you’re looking to increase exposure, so don’t be afraid to get online.

If you’d like to learn more about how to increase your home’s universal appeal for all ages, please feel free to contact me.  I’d love to put a little money in your pocket!

Marie Dinsmore | The Dinsmore Team | www.DinsmoreTeam.com | 770-712-7789

Community Resources

WELCOME

2019 Welcome Services

The Dinsmore Team has created this handy guide for both Buyers and Sellers. The guide lists trusted service providers that we use personally and professionally. The providers listed service the Forsyth and North Fulton County areas.

2014 Complete Guide to Moving

This 20-Page Guide will be your comprehensive source for selling your home and planning your move. It includes tips for getting ready to sell, planning your move, packing and transitioning into your new home.

2014 Home Owners Tip Guide

This 20-Page Guide will help you develop an annual maintenance schedule for your home's systems and appliances to help you avoid bigger problems by taking care of them while they are small. It's also a great resource for trouble shooting malfunctions on your own, saving you time and money.


utilities

Looking for a fast way to connect all of your utility services online? Try Connect Utilities.

Please let us know if there are other resources you'd like to see.

Marie@DinsmoreTeam.com

770-712-7789