Claire LeBlanc - REALTY EXECUTIVES



Posted by Claire LeBlanc on 2/17/2021

You've found your dream home – at least, you initially thought you discovered your ideal house. But following the home inspection, you're starting to have second thoughts about whether you want to purchase a particular residence.

A home inspection is a valuable opportunity for a homebuyer. It enables a buyer to receive expert insights from a property inspector about a house's age and condition. Thus, if a home inspection reveals myriad problems with a residence, a homebuyer still has an opportunity to walk away from a home sale.

Ultimately, there are many factors for a homebuyer to evaluate after a home inspection, including:

1. The Home's Condition

When it comes to evaluating a home's condition, there may be more than meets the eye. Fortunately, a home inspection enables a property inspector to take a deep look at a house's interior and exterior and provide detailed findings.

If a home's condition fails to match your expectations, don't hesitate to walk away from a home sale. By doing so, you can reenter the housing market and begin your search for the perfect residence once again.

On the other hand, if a home's condition is not a deal-breaker, feel free to move forward with a home sale. And in a short period of time, you'll likely soon be the owner of a great house.

2. The Home's Age

A home's age may dictate whether substantial home repairs or improvements may be needed down the line.

For example, a home's furnace usually needs to be replaced every 10 to 15 years. If a 30-year-old residence still has its original furnace in place, this device may need to be replaced sooner rather than later.

A home inspection should provide clear-cut insights into potential home improvements that you may need to perform in the near future. Use these insights to your advantage, as they may help you if you try to renegotiate the price of a house.

3. Long-Term Home Improvements

Spend plenty of time with a home inspector and don't hesitate to ask this professional plenty of questions. Remember, he or she is available to help you make an informed homebuying decision. And if you learn about potential long-term home improvements now, you may be able to avoid severe home problems down the line.

If a home inspector discovers roof problems or other substantial house issues, take his or her recommendations seriously. That way, you can avoid the danger of buying a "money pit," i.e. a house that may prove to be more trouble than it's worth.

Lastly, if you need help at any point during the homebuying journey, reach out to a real estate agent. This housing market professional can put you in touch with the best home inspectors in your area and allow you to minimize stress throughout the homebuying cycle.

Ready to make your homeownership dreams come true? Consider the aforementioned factors after a home inspection, and you can move one step closer to purchasing a terrific house at a budget-friendly price.




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Posted by Claire LeBlanc on 9/9/2020

Image by mohamed Hassan from Pixabay

Too busy to buy that second home in Myrtle Beach? No time to fly down and walk through multiple properties to find the one that's right for your family? No problem. You, too, can enjoy the dream of homeownership when you buy your next property remotely. 

What Is Remote Home Buying? 

When you buy a home remotely, someone else takes care of the specifics. Your main responsibilities are communicating your wants and needs to an on-site real estate agent, paying for the home and being available to sign the finalizing documents digitally. Because of this, buying a home that's located one state or half-a-world away is entirely feasible in today's real estate market.

Who Handles a Remote-Home-Buying Transaction? 

You'll work with a real estate agent when buying a home through remote means. This is similar to any other home-buying venture. In a remote transaction, however, it's vital to have an agent whom you trust completely and with whom you have excellent communication. Your agent should be local to the area where you're buying your new home, and they should be an expert on the neighborhood. You'll communicate via phone, email or internet with your agent and will likely use an e-sign process, followed up by signed hard copies, when it's time to finalize. 

How Do I Pay for a Home I've Bought Remotely? 

Typically, you'll pay for a home you've purchased remotely by wiring the amount needed to close. Most people can't afford to buy a home using cash, but you'll likely need at least a down payment and other costs up front.

How Will I Know the Home Is a Good Deal? 

The real estate agent with whom you're working will view the home, be present at inspections in your stead, and do their part to ensure that the home you're buying is viable. They will be able to advise you on comparable prices in the neighborhood to give you an idea of whether the price you're paying is reasonable. 

Why Would I Want to Buy a Home Remotely?

Most people who buy homes remotely do so because they're too busy or live too far away to buy the home in a traditional way. There's little risk involved as long as you use a licensed real estate agent who's experienced in remote-home sales. 

It's good to remember that once you own a remote property, there's no backing out. It's vital to make sure you're buying a home that's well suited to you and your family. This is where your choice of real estate agent becomes vital in helping you choose the location of your home, the size, layout and community in which it's located. 




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Posted by Claire LeBlanc on 9/2/2020

Photo by Kirk Fisher via Pixabay

Whether you are buying your first home or are upgrading, consider buying a larger home. Even if you are just planning on starting a family, a larger home allows you to grow into it. And, you don’t have to put up with the pesky chore of moving when it’s time to go bigger. If you are upgrading, you should still go bigger than what you think you need because you’ll eventually run out of space. As long as you can afford it, going bigger has more benefits than downfalls.

Save Money When Your Family Grows

Instead of trying to sell a home and buy a larger home when your family starts growing, you’ll already have the larger home. If you plan on two kids but often have relatives or friends visit overnight, you’re better off with the extra bedrooms: one for each child, the master suite and at least one guest bedroom. When you have more than one guest bedroom, you’ll be able to make one into an office or a library if you decide to work for yourself later in life or if you decide you just want a quiet place to escape to once in a while.

Make Money

A home with at least one extra bedroom and bathroom commands more money on the market when you decide to sell it. Instead of a three-bedroom, two-bath house, you might consider a five-bedroom home with at least three bathrooms. You’ll get more for a sale than you would for a three-two. While you might pay more for the house, depending on how the market is when you sell, you could see quite a bit more appreciation than in a smaller house.

More Space

Generally, larger homes also have larger living spaces in addition to the extra rooms. You’ll have a more spacious kitchen and a larger living room that won’t feel as crowded when you entertain. You might find a new hobby later in life and will have the extra space to accommodate that hobby. And, because you have more space, your home will look less cluttered because you won’t have to “find” room to store your stuff.

Finally, you can get the furniture you want, instead of settling for something just because it fits in your living room. If you’ve always wanted that big-screen TV or even a room with movie theater seating, you can have that when you go bigger.

What You Can Afford

Look at your debt-to-income ratio as that determines what you are able to afford. If you can go bigger, the benefits outweigh the larger utility bills and the amount of extra time it takes to clean. And, look for a house that is on some acreage so that you can create a large outdoor living area and won’t be on top of your neighbors.




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Posted by Claire LeBlanc on 7/15/2020

The more you know about the process of buying a house, the better prepared you'll be for doing it successfully.

How might you define "success" when it comes to purchasing a home?

There are a lot of standards that could be applied to successfully navigating the home buying process, but here are a few that immediately come to mind:

  • Finding the house of your dreams: While very few people find a home that is absolutely perfect in every way, it is possible to come close to achieving that ideal. Although a certain amount of flexibility goes a long way, knowing what you want and prioritizing important features are among the main prerequisites to getting what you want. As baseball legend Yogi Berra once said, "If you don't know where you are going, you'll end up someplace else." Thanks to the variety of websites devoted to home ownership, home decorating, remodeling, and landscaping, it's easy to find pictures online that can help inspire your imagination and clarify exactly what the house of your dreams might look like.
  • Minimizing setbacks and frustrations: The process of house hunting is a journey that often involves bumpy roads, detours, and dead ends. One secret to getting through it successfully is to work with an experienced real estate agent who knows the ropes and can keep you on track. It also helps to approach house hunting with a sense of optimism, resourcefulness, and commitment. Although you probably have a lot of competing priorities in your life, finding a house that you and your family will be happy in for the next few years deserves a top spot on your list!
  • Avoiding unpleasant surprises: Knowing your credit score and understanding the impact it will have on getting loan approval and a favorable interest rate will help prepare you for the financial side of buying a house. The ability to get prequalified for a mortgage and come up with sufficient down payment will also set the stage for a successful home buying experience. On the plus side, a higher down payment can potentially result in a lower interest rate and not having to pay private mortgage insurance (A 20% down payment is necessary to avoid PMI.) Since many loan programs and lenders require at least a 3-5% down payment, that can be a stumbling block for first-time home buyers. To purchase a $200,000 home, for example, you'd need to come up with a cash outlay of between $6,000 to $10,000 -- not an easy feat for everyone!
If coming up with a sufficient down payment is an issue for you, your real estate agent or loan officer can work with you to brainstorm possible solutions and alternative strategies. For some first-time home buyers, the best plan is to postpone your house buying plans for a couple years until you can improve your credit score and set aside several thousand dollars for a down payment.





Posted by Claire LeBlanc on 4/22/2020

When you make the decision to buy your first home, you should be certain that you’re ready to make the leap into homeownership. There’s many different things that you should do as a buyer to get ready before you even set out on the search of a perfect home.


Choose An Agent


You may think that one real estate agent is the same as any real estate agent that you’ll find. This is far from the truth. Some agents have certain specialties. The knowledge that an agent will bring to your house hunt is often invaluable. You are making one of the biggest purchases that you’ll ever make in your lifetime. While many buyers think that they can simply do an online search themselves to find a home, your realtor will have many more resources to assist you in finding exactly what you’re looking for.


Figure Out The Financial Portion Of Buying A Home


While knowing how many bedrooms you need and where you hope to live is important, understanding your finances is even more important. You’ll need to talk to a lender to get the process started. After looking at your own personal budget, you should get pre-qualified. Getting pre-qualified allows you to see a general number of how much house you can afford. That can help you start the process, however, there’s still a few more steps. 


From here, you can do what needs to be done to get your entire financial picture ready to buy a home. This includes saving for a downpayment, improving your credit score, and continuing to keep up bill payments and consistent work history. 


Next, you’ll want to get pre-approved. This allows your lender to dig into your financial picture. Everything from your credit score to your income and employment history will be considered. Your lender will then give you a more definitive number of how much you’ll actually be able to get for a loan when you buy a home. To get pre-approved, be prepared with 1099 forms, pay stubs, tax returns, and bank statements. You’ll then have the concrete amount that you’re approved for along with the interest rate that you qualify for. 


Once You Have Applied For A Home Loan


Once you find the realtor to assist you and secure the home of your dreams, you’re not free to head out and buy all the furniture that you need to fill up your house. The home loan must go through the underwriting process and until that is complete, your finances are essentially on lockdown. If you start opening new credit cards, decide to buy a car, or fall behind on payments, you could end up in a lot of trouble. You want to keep your credit score stable throughout the process of buying a home for smooth sailing.







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