Bethania Camilo - Coco,Early & Associates Star Division LLC



Posted by Bethania Camilo on 7/15/2018

A home showing represents a valuable opportunity for a property buyer. However, there may be instances in which a buyer is unsure about whether to attend a house showing. Lucky for you, we're here to help you weigh the pros and cons of scheduling a home showing.

Now, let's take a look at three questions to consider before you attend a house showing.

1. Is a home the right size for me?

Take a look at a home listing and find out the square footage and number of rooms in a house. That way, you'll be able to determine whether a house is the right size for you without setting foot inside the residence itself.

Of course, you should consider your immediate and long-term plans as you evaluate a home's size. If you plan to start a family soon, for example, you may want to search for a home that offers sufficient space for you, your spouse and your children. Or, if you intend to retire in the foreseeable future, you may want to pursue a small home that requires minimal maintenance.

2. Is a home located in one of my preferred cities and towns?

Think about where you want to reside. Oftentimes, it helps to make a list of preferred cities and towns and narrow your home search to these areas. And if you find a home you want to check out in one of these cities or towns, you then can schedule a property showing.

In addition, it is important to remember that a big city home may prove to be more expensive than a comparable residence in a small town. If you decide to pursue a house in a big city, you may face increased competition for city homes in comparison to small town residences too.

3. Could a home be my dream residence?

Ultimately, if there is even a small chance that a home could be your dream residence, it may be beneficial to set up a showing. If you attend a showing and find a residence is your ideal house, you can submit an offer to purchase this home. On the other hand, if you attend a showing and find a residence falls short of your expectations, you can simply continue your pursuit of your dream house.

As you conduct your search for your ideal residence, it generally is a good idea to hire a real estate agent. This housing market professional will set up home showings, keep you informed about new residences that become available in your preferred cities and towns and much more. Plus, if you ever have concerns or questions during the homebuying journey, a real estate agent is ready to respond to them.

Consider the aforementioned questions before you schedule a home showing – you will be glad you did. And if you decide to attend a house showing, you will be better equipped than ever before to determine whether a particular home is right for you.




Categories: Buying a Home   buying tips   showing  


Posted by Bethania Camilo on 7/1/2018

Although buying a home should be a fast, seamless process, negotiations with a home seller sometimes can slow down the homebuying journey.

Let's face it – no one wants to deal with long, arduous negotiations, particularly when they are close to acquiring their dream residence. However, homebuyers who prepare for the worst may be better equipped than others to avoid a complicated homebuying negotiation.

What does it take to prepare for a difficult homebuying negotiation? Here are three tips to help you do just that.

1. Understand the Housing Market

If you submit a competitive offer on a residence from the get-go, you may be able to avoid a difficult homebuying negotiation altogether.

Ultimately, a homebuyer who allocates the necessary time and resources to learn about the real estate market will understand how one residence stacks up against another. Then, he or she can submit a home offer that matches or exceeds a home seller's expectations, thereby reducing the risk of an extensive homebuying negotiation.

2. Analyze Your Homebuying Goals

A homebuyer who analyzes his or her homebuying goals can map out his or her property buying journey. That way, this homebuyer can assess homes that fit within his or her price range and minimize the chance of a complex homebuying negotiation.

Furthermore, if a homebuyer sets realistic expectations for a home search, he or she may be able to make informed decisions throughout a negotiation with a home seller.

A homebuyer who knows how much he or she can afford to pay for a house will be able to submit a home offer that corresponds with his or her budget. And if a home seller asks for more money, a homebuyer should feel comfortable walking away from a negotiation.

Remember, it is paramount for a negotiation to fulfill the needs of both property buyer and seller. If the negotiation favors a home seller, a homebuyer should be prepared to restart his or her home search.

3. Keep Your Emotions in Check

It is easy for a homebuying negotiation to escalate quickly. But a property buyer who understands how to control his or her emotions can take a step back during a stressful homebuying negotiation and plan his or her next move accordingly.

Stress sometimes can get the best of a homebuyer, especially if a property buyer wants to do everything possible to secure a great home as quickly as possible. If a homebuyer plans for stressful situations now, he or she may be able to reduce his or her stress levels when a homebuying negotiation begins.

Don't be afraid to take time to relax during a homebuying negotiation. Going for a walk outdoors or hanging out with family members and friends may provide a stress-relieving break from a homebuying negotiation.

Or, if a homebuyer wants extra help, hiring a real estate agent is ideal. This housing market professional understands the challenges of homebuying negotiations and will help a homebuyer alleviate stress time and time again.

Ready to acquire your ideal residence? Use the aforementioned tips, and you can get ready for a difficult homebuying negotiation.




Categories: Buying a Home   buying tips  


Posted by Bethania Camilo on 6/17/2018

If you plan to attend an open house, it usually pays to be prepared. That way, you'll know exactly which questions to ask during an open house and can ensure that you can gain the insights that you need to determine whether a residence is right for you.

Now, let's take a look at three key questions to ask a listing agent during an open house.

1. Why is this home for sale?

Although a home listing provides plenty of information about a residence, it is unlikely to explain why a homeowner is selling his or her house. Thus, you should use an open house to find out exactly why a home is for sale.

In many instances, a listing agent will be honest and forthright about why a homeowner has decided to add his or her residence to the real estate market. Once you receive an answer to your query, you can better understand whether a house matches your expectations.

On the other hand, if a listing agent hesitates or shies away from your question, you should be skeptical. At this point, you should continue to dig for more information about a residence to learn about any potential flaws.

2. Are there any home problems that I need to know about?

An open house enables you to get an up-close look at a residence. Furthermore, the event allows you to find out about a residence's pros and cons from a listing agent.

Ask a listing agent about any home problems – you'll be glad you did. The listing agent should be able to provide you with plenty of insights into a home's condition, ensuring you can make an informed decision about whether to submit an offer.

A listing agent is likely to be honest with you about any problems with a house. By doing so, this agent will reduce the risk of a homebuyer later rescinding an offer after a home inspection.

3. Have there been any offers on the house?

It is important to find out if there is any competition for a house, especially if you discover your dream residence. Thus, during an open house, you should ask a listing agent if any offers have been submitted on a residence.

If a listing agent responds "Yes" to your query, you may want to act fast to submit a competitive offer on a house. Because if you wait too long to make an offer on your dream residence, you risk losing this house to a rival homebuyer.

Lastly, if you need help getting ready for an open house, you should collaborate with a real estate agent. This housing market professional can provide deep insights into a residence before you attend an open house. Therefore, a real estate agent will help you take the guesswork out of getting the most out of any open house, at any time.

Want to optimize the value of an open house? Ask the aforementioned questions, and you can get the information that you need to fully evaluate a residence.




Categories: Buying a Home   Open House  


Posted by Bethania Camilo on 6/3/2018

Ready to buy a new home? Not so fast! You'll first want to establish a budget to understand exactly what you can afford month after month.

What does it take to set up a homebuying budget? Here are three tips to help you establish the right homebuying budget.

1. Consider Your Monthly Expenses

How much do you spend on food, electricity and other monthly essentials? You'll want to consider these costs closely before you begin your search for the perfect home.

Ultimately, your monthly expenses can play an important role in your ability to afford your dream house. And if you can assess your monthly expenses, you can map out your home costs accordingly.

Make a list of your monthly expenses versus your monthly earnings. Then, consider if there are non-essential items that you can remove from your monthly budget.

Remember, if you save money now, you may be better equipped to land your dream house when you kick off you your home search. If you can cut non-essential items from your monthly expenses, you can start saving for a down payment on a new house.

2. Get Pre-Approved for a Mortgage

Banks and credit unions across the United States offer a wide range of mortgage options. Review all of the mortgage options at your disposal, and you should have no trouble getting pre-approved for a mortgage that meets your needs.

Adjustable- and fixed-rate mortgages are two of the most common mortgage options for homebuyers. However, if you discuss your financial needs with a bank or credit union, this lender may be able to provide you with additional mortgage options as well.

After you are pre-approved for a mortgage, you will be able to set a price range for your home search. As a result, you can narrow your search and accelerate the process of finding the perfect home at the best price.

3. Consult with a Real Estate Agent

Real estate agents are available to assist you throughout the homebuying journey. These real estate professionals can put you in touch with lenders, keep you informed about new homes that fall within your price range and even offer tips to establish a homebuying budget.

Perhaps best of all, real estate agents will make it easy for you to explore a broad array of homes that match your budget. These real estate agents can help you determine which homes you can afford – and which ones you can't – and ensure that you can stick to your homebuying budget.

Your real estate agent is committed to helping you get the best results, and he or she is happy to respond to any homebuying queries. That way, you can receive expert guidance as you start your search for your ideal residence.

When it comes to buying a home, there is no reason to browse the real estate market on your own. Instead, work with an experienced real estate agent, and you can find a great home at a budget-friendly price.




Categories: Buying a Home   buying tips  


Posted by Bethania Camilo on 5/27/2018

When you find a home you love, you most likely will want to take the steps you can to buy it. When a home is already under contract, there’s actually a little-known strategy that can be used to help you have a chance at getting the property. 


When you make a backup offer, you’re doing all of the same things you’d do under normal circumstances. The only difference between a normal offer and a backup offer is that you’re not guaranteed to get the home. The first deal needs to fall through in order for you to have a shot.


Advantages To Backup Offers


The backup offer is a bit of a stretch, but it still does give you a little bit of a chance to get a home. When a backup offer is in place, the home won’t just go back on the market if something falls through. This is especially smart when it comes to lower inventory markets. When a home is re-listed, you’ll need to compete against other buyers. If a bidding war is initiated, the home’s price will keep going up. The backup offer being in place helps the seller to feel secure in the sale of their home one way or another. If for any reason the first buyer falls through, you’ll be able to swoop in and get the home yourself.


Timing Is Everything


Keep in mind that there’s a certain period of time before a deal needs to be closed on for a home. The original buyer will need to close the deal on the home in an average of 50 days. Knowing the time frame that you’ll need to wait around for a decision is helpful for you in your own search for a home.


You can also have your agent check in with the listing agent for the property on a frequent basis. This lets the agent ad seller know that you have a keen interest in the property in case there are any difficulties coming from the other side of the deal. 


If The First Deal Doesn’t Go Through


If the first deal on a home does fall through, you’re not the new owner of the home just yet. There’s always a possibility that the first buyers found some very difficult problems with the home during the inspection. These could be big issues like an issue with the roof or the foundation of the home. Be sure to include a home inspection contingency with your contract so that you can have your own inspection conducted. This way, you’ll know if there are any problems with the home and that you will be able to deal with them.


A backup offer can be a great tool to use in tight markets to help you get a home that you love. It’s always a good idea to proceed with caution in any home deal to make a sound financial decision.