Costello Realty
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Posted by Costello Realty on 6/20/2019

Although you may be tempted to spontaneously make an offer on a house that triggers happy memories of your childhood, it's usually best to approach house buying in a methodical, dispassionate way.

Your emotions will come into play as you visit different listings, but they should be tempered by a realistic budget, a list of personal requirements, and a sprinkling of "wish list" items -- ones that will help make your new home extra special!

A lot will depend on whether you're a first-time home buyer or a seasoned home owner. In all likelihood, the more houses you've owned, the higher your expectations will be. That's certainly not a hard-and-fast rule, but it does lend itself to reason. As is the case with most things in life, experience tends to clarify our needs, our tolerances, our quality standards, and our lifestyle preferences.

Buying a home is a huge decision for two reasons: It not only impacts our financial situation (both immediate and long term), but it effects our quality of life for the foreseeable future. So, similar to the institution of marriage, buying a house is a commitment that should not be taken lightly!

Fortunately, there are several effective ways to help ensure that the home you buy will live up to your expectations. One of the most steadfast "anchors" you can have in your search for the ideal home is a seasoned real estate agent. They have the training, knowledge, and communication skills to help you find the house, the right property, and the optimal location that will best suit your needs.

Your agent will work closely with you to create a list of house hunting requirements and preferences. Although the location, school district, and number of bedrooms will probably have a major bearing on your decision, there are literally dozens of other features and characteristics that will influence your final choice. Among those will be square footage, number of bathrooms, and the property's tax rate.

Standard checklists that include a wide range of home buyer requirements are available online and through your real estate agent. These checklists will help you rank each house you visit and objectively compare the homes you like the best. While flexibility is a necessary part of a successful house-hunting campaign, there will invariably be items you won't want to compromise on.

By deciding in advance what your new home should include, you'll create a clear vision of the type of living environment you and your family will find the most satisfying. Whether you're looking for a home with an open floor plan, a screened-in porch, one or more fireplaces, a finished basement, a two-car garage, or ample space between neighbors, getting your requirements down on paper is the first step to turning your house-buying goals into reality!





Posted by Costello Realty on 6/13/2019

After you receive an offer to purchase your residence, determining the best course of action often can be difficult. Because if you make the wrong decision, you risk missing out on an opportunity to sell your house and maximize its value.

Ultimately, it may prove to be beneficial for a home seller to submit a counter-offer. There are many reasons why a seller may choose to provide a counter-proposal, and these include:

1. A homebuyer's initial offer to purchase fails to match your expectations.

Although a homebuyer's initial offer to purchase your residence fell below your expectations, you can always submit a counter-offer to find out if a buyer is negotiable. That way, you may be able to work with a buyer to find a common price that is suitable for all parties.

When it comes to selling a house, there is no harm in submitting a counter-offer. Remember, the worst response a home seller will receive to a counter-proposal is a simple "No." And even in the worst-case scenario, a seller can move forward with the property selling journey and await an offer to purchase that matches his or her expectations.

2. You are flexible about the price of your house.

As a home seller, you probably realize that what you originally paid for your house is unlikely to match your residence's current value. But even if you set a competitive initial asking price for your home, you may still want to negotiate a counter-offer if a buyer's initial proposal falls short.

The housing market constantly fluctuates, and a sector that favors sellers today may favor buyers tomorrow. Thus, if you are flexible about the price of your house, you can always negotiate a price with a buyer that accounts for the present state of the real estate sector.

3. You want to get the best-possible price for your residence.

The goal of the home selling journey is to obtain the best price for your home, regardless of the real estate market's conditions. Therefore, rather than accept or reject an offer to purchase, it may be beneficial to see if you can receive a better proposal from a buyer.

As you move along the home selling journey and review an offer to purchase, you should not hesitate to collaborate with a real estate agent. With a real estate agent at your side, you can receive plenty of guidance throughout the home selling journey.

Typically, a real estate agent will help you list your residence and promote it to prospective buyers. He or she will set up home showings and open house events and keep you up to date about any offers to purchase your residence. Then, when you receive an offer to purchase, you and your real estate agent can work together to determine how to proceed.

Hire a real estate agent – you'll be glad you did. By employing a real estate agent, you can get the help you need to fully analyze an offer to purchase your residence.





Posted by Costello Realty on 6/6/2019

Beginning a new habit, job, or task could be daunting. Your debut as a designer could even be frightening. However, like any other task, some tips help starters and experienced decorators alike.

Several tools aid in creating great designs, but often the whole design process is left to the designer to decide, and that could be hard for beginners. However, the tips below will help you when starting.

  • Keep it simple. Most beginners think their designs will make sense if they include all they know about designing into a project. However, results have shown that the opposite is the case. As much as possible, ensure that your designs are simple and carry the message for which you created them. That is what makes it a design, not clustered ideas.
  • Use colors wisely. Another problem most beginner designers fall into is using too many colors. Colors are a sensitive part of any design, and you should be careful in using them. Of course, you need colors in your plans, but use ones that are complementary with the general design. For instance, in choosing a color scheme, you don't need more than one to three primary colors and an additional one to three secondary colors that complement each other.
  • Create an order with alignment. Order is critical in design. So, don't create a project without ensuring it is properly in order through alignment where each item connects to the others. Using alignment makes sure that your design elements aren't scattered but relate well with each other.
  • Be creative and original. Creativity and originality are virtues that are must-haves in designing.
  • Ask for help. In any endeavor ones take up, some people started earlier of whom you can ask questions. These people have the experience, so when you run into a problem or are not sure about a thing, don't hesitate to ask questions.
  • Take a break. Designing takes a lot of mental energy, and you can feel drained after or during designing. When you do, ensure to take a break. Leave the design for a while, and take a break. You can see a movie before going back to it. By the time you are back, you will be fully refreshed to start all over again.

If you need professional help, your realtor may be able to make a referral.




Categories: Uncategorized  


Posted by Costello Realty on 5/30/2019

We all want our homes to be secure, but do we really take the steps that are necessary to make security a priority in our homes? Between home security and neighborhood security, you’ll want to do whatever you can to keep both your home and your neighborhood safe. Below, you’ll find some tips to help you select and maintain a safe home an neighborhood. From the moment you move into a new home, you should have your eyes peeled for ways to make your home and neighborhood a safer place to live. Some often overlooked parts of home security are:


  • Door locks
  • alarm systems
  • Smoke detectors
  • Neighborhood visibility
  • Window locks
  • Home entrances and exits


Make Safety A Part Of Your Search Criteria


If you do research before you even buy a home, you can avoid living in an area where you will regret moving to. There are plenty of online resources to help you see where crime is prevalent as opposed to where safer neighborhoods are. Doing this research can be extremely valuable to your home search. Some search engines even provide a certain amount of data that’s available by street as to when and where incidents have happened. Although you may not want to get that detailed, you can use the data you find to help you in your home search. A neighborhood with a large number of incidents may not be where you want to start your home search.   


Find The Holes In Your Home’s Security


Once you close on a home, one of the first things that you should do is asses the security inside the home. This means changing the locks, checking the windows, looking for entrances such as a basement door, and more. Check the smoke and carbon monoxide detectors as well. This can really help to ensure that your new space is safe in a few simple steps. To get more heavily into security, install a security system. You can get a system that’s professionally monitored or a simple home alarm to ward off thieves. 


Get To Know The Neighbors


If you take the time to get to know your neighbors, your neighborhood is more likely to be secure. If you are acquainted with the people next door, they’re apt to keep an eye out on your property and vice versa. You may even want to get involved or begin a neighborhood watch program to help keep the neighborhood safe.


The key to home and neighborhood security is vigilance. The more observant you are, the better chances you have of preventing crime from striking your area.   






Posted by Costello Realty on 5/23/2019

For those who plan to list a house in the foreseeable future, it often is beneficial to track the real estate market. By doing so, a home seller can identify real estate market patterns and trends and quickly address any potential property selling hurdles.

Now, let's take a look at three tips to help you analyze housing market data so you can accelerate the property selling journey.

1. Review the Prices of Recently Sold Houses in Your Area

Check out the prices of recently sold houses in your city or town. That way, you can find out whether sellers are accepting offers to purchase at or above their initial home asking prices.

Furthermore, it may be a good idea to see how your house ranks against recently sold residences. With this housing market data in hand, you may be better equipped than ever before to establish a competitive initial asking price for your home.

2. Determine How Quickly Houses Are Selling

As a home seller, you should find out whether you're preparing to enter a buyer's or seller's market. If you look at how quickly houses are selling in your city or town, you can distinguish a buyer's market from a seller's one.

In a buyer's market, you will find many sellers and few buyers. Conversely, in a seller's market, there is an abundance of buyers and few sellers.

The differences between a buyer's and seller's market are significant. If you understand whether you're getting ready to sell your home in a housing market that favors buyers or sellers, you can determine how to price your residence so it will generate plenty of interest from buyers. And as a result, you may be able to streamline the home selling journey.

3. Assess the Prices of Homes That Are Similar to Your Own

Your home may be one of many available to property buyers. Thus, you should review the prices of houses in your city or town that are similar to your own. This housing market data will help you narrow the price range for your residence.

Also, you may want to review rival home sellers' property listings and see how these sellers promote their residences to prospective buyers. Because if you can find ways to differentiate your home listing from competitors', you could boost the likelihood of a successful house selling experience.

As you prepare to add your house to the real estate market, you may want to hire a real estate agent as well. A real estate agent will offer recommendations so you can enhance your residence both inside and out and help you establish a competitive initial home asking price. Plus, a real estate agent will help you review an offer to purchase your home and determine the best course of action.

Take the guesswork out of selling your house – use the aforementioned tips, and you can monitor the real estate market and use housing sector data to simplify the property selling journey.




Categories: Uncategorized