Donahue Real Estate Company



Posted by Donahue Real Estate Company on 4/17/2019

If you plan to buy a home in the immediate future, there are several concerns that you should address before you embark on your house search. In fact, some of the most common homebuying concerns include:

1. Lack of Home Financing

You know you want to purchase a house, but obtaining financing sometimes is difficult. Fortunately, if you meet with various banks and credit unions, you can review all of the home financing options at your disposal and map out your home search accordingly.

Remember, there is no such thing as a "bad" question to ask a bank or credit union relative to home financing. Banks and credit unions employ courteous, knowledgeable home financing specialists who are happy to assist you in any way possible. These specialists can respond to your home financing concerns, and as a result, help you make an informed mortgage selection.

2. Tight Homebuying Timeline

If you are tasked with relocating to a new home as quickly as possible, you may have to conduct a fast house search. But if you explore ways to maximize your time and resources, you could boost the likelihood of conducting a successful home search, regardless of your homebuying timeline.

Oftentimes, it helps to make a list of homebuying tasks that you need to complete. You then can establish goals designed to help you stay on track with your homebuying timeline.

You also should keep a close eye on the housing sector in your preferred cities and towns. That way, if a great home at a budget-friendly price becomes available, you can instantly pounce at this homebuying opportunity.

3. Establishing Realistic Homebuying Expectations

The homebuying journey offers no guarantees. If you enter the housing market with realistic expectations, however, you can avoid potential disappointments during your home search.

To establish realistic homebuying expectations, it generally is a good idea to make a list of home must-haves and wants. This list will allow you to hone your house search to residences that meet your criteria. It also can help focus on available residences that fall within your price range.

In addition, it often helps to hire a real estate agent before you conduct a house search. A real estate agent can teach you everything you need to know about finding and purchasing a house. Plus, he or she can provide expert insights at each stage of the homebuying journey.

Let's not forget about the assistance that a real estate agent provides when you are ready to submit an offer to purchase a home, either. At this point, a real estate agent will help you craft a competitive homebuying proposal and submit it to a seller. If a seller accepts your offer, a real estate agent then will help you finalize your house purchase.

Ready to embark on the homebuying journey? Address your homebuying concerns, and you can minimize risk as you begin your search for your ideal residence.




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Posted by Donahue Real Estate Company on 4/10/2019

If you find your dream house, you likely want to submit an offer to purchase this residence as soon as possible. That way, you can avoid the danger of losing your ideal residence to a rival homebuyer.

Although you may strive to quickly submit an offer to purchase your dream residence, it is important to allocate sufficient time to craft a competitive homebuying proposal. Ultimately, there are many reasons to be diligent as you prepare an offer to purchase, and these include:

1. You can avoid the risk of overpaying to acquire your dream house.

You want to buy your dream house, but at the same time, you don't want to pay too much for it. Fortunately, if you allocate time and resources to learn about a home's condition and the current state of the real estate market, you may be better equipped than ever before to submit a competitive offer to purchase.

Analyze a house's condition closely as you put together a property buying proposal. It often is beneficial to consider any potential home improvement projects as well.

Also, take a look at the prices of comparable houses in the same city or town as your dream residence. With this housing market data in hand, you can establish a price range for homes that are similar to your dream residence. Then, you can submit an offer to purchase that accounts for the present state of the housing market.

2. You can submit an offer to purchase that falls in line with a seller's expectations.

It usually is beneficial to consider the seller's perspective as you put together an offer to purchase. By doing so, you can craft a homebuying proposal that falls in line with a seller's expectations.

If you think about the seller's perspective, you may be able to avoid submitting a "lowball" offer to purchase. Because if you understand how a seller may perceive your homebuying proposal, you can submit a competitive offer to purchase that likely will make a positive impression on him or her.

3. You can increase the likelihood of receiving an instant "Yes" from a seller.

With a competitive offer to purchase, a seller may respond with an instant "Yes." As a result, if you craft a competitive homebuying proposal, you may be able to move forward with a home purchase and quickly acquire your dream residence.

As you navigate the real estate market and prepare an offer to purchase your dream house, you may want to work with a real estate agent. This housing market professional can offer honest, unbiased recommendations about how much you should offer to pay for a residence. And if your homebuying proposal is accepted, a real estate agent will help you finalize your house purchase too.

Ready to make your homeownership dream come true? Collaborate with a real estate agent, and you can get the help you need to find your dream home and submit a competitive offer to purchase this residence.




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Posted by Donahue Real Estate Company on 4/3/2019

So, the family trip this year requires a road trip. The thought of everyone packed in the car or van for hours may cause some anxiety, but it doesn’t have to. These hours on the road can be an opportunity to build family bonds and create one-of-a-kind memories that you all will be talking about years from now. Although it may take some planning and a little imagination you can head on out with confidence, excited for the journey, as much as the destination. Depending on the ages of your family you can put together a road trip adventure kit that is sure to engage everyone in the vehicle. 

Day Trippin’

Depending on how long the trip will be, you can plan it out by the number of scheduled stops. For one day trips, you can have everyone weigh in on when to stop and for how long. Including everyone in the logistical planning can create a sense of anticipation even before you hit the road. Making individual snack boxes or bags with each persons' choice of travel-friendly foods is a great idea. A small cooler to carry beverages and food items that need refrigeration is another good idea to keep passengers satisfied and the road trip, on the road. Individual activities such as books and 3-d puzzles (think Rubik cubes) can keep some travelers entertained. But if you have a passenger that tends to get a bit carsick, you can have them try a road trip scavenger hunt. Options are available online to print out and cover different kinds of areas you will be traveling through; for example, city, country or even mountain areas.

Many Miles to Go

If your road trip unfolds over the course of a few days, your planning will need to be a bit more detailed. Think about making a map with the route and stops marked with stickers for the younger travelers to use as a tracker. Then every time you hear that infamous question "Are we there yet?" you can refer them to the map and have them find where you are currently and how long it will be until you reach the next scheduled stop. Older travelers may want to plug in their electronics that entire way, but you can challenge them to take a selfie every 100 miles or so to document the trip process. With some planning, your family road trip will be an enjoyable part of your time together. 

Next time you are planning a trip try having each person pack their individual activity bag with some car-trip friendly items and see what they invent.




Tags: family fun   how to  
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Posted by Donahue Real Estate Company on 3/27/2019

You may have heard the term “escrow” in your experience with real estate. You might know it’s an account, but what exactly does it do for you as a buyer? An escrow account is what your lender uses to make payments on things like property taxes, insurance, and more. The lender collects your monthly mortgage payment, and part of that cash goes into an escrow account. 


This type of account is an excellent option for homeowners because your bills relating to being a homeowner will all be paid without you having to do anything. It makes budgeting a breeze because there aren’t any complicated calculations involved. Every month, your lender collects 1/12 of the estimated tax bill and insurance cost for the home. The rest of your mortgage payment covers the principal and interest on the loan of the house.


Are Escrow Accounts Mandatory?


You’ll find that most lenders require you to have an escrow account. The purpose of the account is to keep the home safe as collateral for the loan. The bank has an interest in the proper insurance behind the property. The taxes also need to be paid on time in order to keep the property in good standing. If the taxes aren’t paid, a tax lien will be placed against the house. 


Everything In One Place


You’ll receive an annual statement from your lender that will show you how much money was collected and placed in your escrow account. Escrow payments often change because insurance premiums and taxes tend to change quite frequently. The amount being put into escrow may change a few times throughout the year. The lender keeps track of all this for you, saving you some time. 


Bills That Need To Be Paid


Whether you have an escrow account or not the bills that are included must be paid one way or another. It’s a good idea to speak with your lender before you buy a home to find out that bank’s procedures around these insurance and tax payments. Property tax and home insurance are items that you’ll need to budget for regardless of how your lender does things. An escrow account can be much more convenient for many buyers. 


Escrow is just another one of the many essential terms that you’ll come across as a homebuyer. Knowing the advantages and purpose of the account helps you to be informed as you dive into the home buying process. 





Tags: Buying a home   mortgage  
Categories: Uncategorized  


Posted by Donahue Real Estate Company on 3/20/2019

Ready to buy or sell a house? With the right real estate agent at your disposal, you should have no trouble acquiring a new home or selling your current residence.

Ultimately, it is important to assess a variety of real estate agents. This will enable you to find the right housing market professional to guide you along the homebuying or home selling journey and ensure you can get the best results possible.

Comparing and contrasting several real estate agents may seem difficult at first. Lucky for you, we're here to help you take the guesswork out of hiring the ideal real estate agent.

Now, let's take a look at three factors to consider as you evaluate real estate agents.

1. Industry Experience

An experienced real estate agent understands the ins and outs of the housing market. As such, he or she can offer comprehensive housing market insights that you may struggle to obtain elsewhere.

Take a look at a real estate agent's background and education. By doing so, you can learn more about this housing market professional's experience and determine whether this individual is the right person to guide you along the homebuying or home selling journey.

2. Communication Skills

Is a real estate agent an effective negotiator? Meet with a real estate agent, and you can learn about his or her communication skills.

A real estate agent should possess the communication skills to succeed in any housing market, at any time. He or she should be able to help you make sense of the housing market and respond to your concerns or questions as the homebuying or home selling journey progresses.

Furthermore, a real estate agent should be unafraid to be honest with you – without exception. This housing market professional will provide you with the support you need throughout the homebuying or home selling process. That way, you can reap the benefits of a fast, seamless homebuying or home selling journey.

3. Client Referrals

What are past clients saying about a real estate agent? Ask a real estate agent for client referrals, and you can gain first-hand knowledge about how a particular housing market professional supports his or her clients.

Typically, a real estate agent should be able to provide you with multiple client referrals. As a homebuyer or home seller, it is your responsibility to reach out to these past clients and use their insights to make an informed decision about a real estate agent.

Client referrals are exceedingly valuable because they can help you better understand what it's like to work with a real estate agent. They also can give you a glimpse into whether a particular real estate agent can provide you with the assistance you need to accomplish your homebuying or home selling goals.

Allocate the necessary time and resources to compare and contrast several real estate agents – you'll be glad you did. If you find the right real estate agent today, you can move one step closer to enjoying an unforgettable homebuying or home selling experience.