Donahue Real Estate Company



Posted by Donahue Real Estate Company on 2/13/2019

No matter what your age, buying a new home symbolizes the beginning of a new chapter in your life. It's an exciting event, whether you're a first-time home buyer or a retiree looking to downsize. When you stumble upon a house in your price range that has the features and characteristics you've been searching for, it can be a life-changing moment!

Unfortunately, it's at this point that many people cast their good judgment to the wind! Although it's difficult to separate your emotions from the rational part of your brain, it's crucial that you try to make a balanced decision -- one that's based on your budget, your short-term needs, and your long-term goals.

Sometimes buyers can develop "tunnel vision" when they see a house with a white picket fence, a big backyard, or a cozy-looking eat-in kitchen. In some cases, people are irresistibly drawn to a house that reminds them of where they grew up. While all those elements can enhance a home's ambiance and charm, the most satisfying home-buying choices usually come from being able to look at "the big picture."

One vital step in the house-buying process that helps eliminate a lot of the risk is having the property carefully looked over by a certified house inspector. That way, even if your judgement is a little skewed by your emotional attachment to the house's architectural style or its resemblance to the house you grew up in, you can be reasonably sure it is structurally sound and free from any major defects. Although home inspectors can't look behind walls or accurately predict how long an HVAC system will last, they can provide you with valuable insights into the condition of the house, the stability of the foundation, and other aspects of the property. When you know the strengths and weaknesses of a house you're considering buying, you can make an informed decision that will be based, in large part, on a professional, objective opinion.

Other factors worth bringing into your decision might include the commuting distance to your job or business, the amount of privacy the property affords, the overall character of the neighborhood, and the proximity of the property to grocery stores, drug stores, other retail shops, entertainment, recreation, childcare, medical services, family, friends, and other necessities. When choosing a place to call home, you may also want to take note of how quiet (or noisy) the neighborhood is, its access to highways and transportation services, and the reputation and ranking of the local school district.

Additional information about desirable places to live can be gleaned from websites like Livability, U.S. News and World Report, Niche, Money Magazine, and the National Association of Realtors. To get expert guidance that relates to your specific circumstances and wish list, consider working with an experienced real estate agent. They'll help you navigate the market, negotiate on your behalf, and find the home that best suits your needs and lifestyle.





Posted by Donahue Real Estate Company on 2/6/2019

Anyone can buy a home – all it takes is hard work and diligence to evaluate your home financing options. Fortunately, we're here to help you streamline the process of finding the financing that you'll need to pay for a residence.

Now, let's take a look at three tips to help you determine how you will afford a house.

1. Take a Look at Your Current Financial Situation

Put together a monthly budget that outlines your current spending patterns. This will enable you to review how much you earn, what you're paying for housing and other pertinent financial information.

After an in-depth review of your current financial situation, you'll be better equipped than ever before to determine how much you can pay for a house. Then, you can create a homebuying budget to help you move closer to acquiring your dream residence.

2. Get a Copy of Your Credit Report

In all likelihood, a lender will receive your credit score to determine whether you are a viable candidate for a mortgage. If you request a copy of your credit report today, you can learn about your credit score and take steps to improve it before you apply for a mortgage.

The three major credit reporting bureaus (Equifax, Experian and TransUnion) provide one free copy of a credit report annually. If you submit a request for your credit report, you can gain unprecedented credit insights in no time at all.

Furthermore, if you find errors on a credit report, don't hesitate to contact the reporting bureau. This will enable you to fix any credit report mistakes prior to applying for a mortgage.

3. Reach Out to Local Lenders

Banks and credit unions are happy to meet with you and discuss a variety of mortgage options. These lenders are available in cities and towns nationwide and can teach you everything you need to know about home financing.

Ultimately, lenders can explain the home financing process and ensure you can avoid any potential pitfalls along the way. And if you ever have mortgage concerns or questions, lenders are available to respond to them at any time.

If you need extra help prior to kicking off a home search, you may want to contact a real estate agent as well. This housing market professional understands the ins and outs of purchasing a house and can help you plan accordingly.

Oftentimes, a real estate agent will meet with you and learn about your homebuying goals. This housing market professional then can ensure you won't have to break your budget to afford a terrific residence.

If you want to buy a home but have limited finances at your disposal, a real estate agent is happy to assist you. Or, if you are searching for a mortgage but don't know where to begin, a real estate agent can put you in touch with top lenders.

Work with a real estate agent, and you can improve your chances of acquiring a first-rate house at an affordable price.





Posted by Donahue Real Estate Company on 1/30/2019

Getting ready to buy a home is one of the most exciting times in life. The purchase of a home is one of the biggest financial decisions that you will ever make in your lifetime. When you make the decision to buy a home. There are a few key things that you need to do to be prepared for the process of a property purchase. It can be simple if you have the right preparation and knowledge.


Find The Right Realtor


A good realtor will steer you in the right direction when it comes to finding the home of your dreams. Your real estate agent also will help you each step of the way on the road to buying that home. There’s a lot of paperwork that must be done in a timely manner throughout the buying process. The right realtor can even help you to get the offer in for the right home in on time. In a competitive market, having a realtor who is on top of things can mean the difference between purchasing the home you want and letting it fall through the cracks.


Know That You’re Signing A Lot Of Legal Paperwork


The purchase of a home does involve a contract. If you need more time for anything such as reviewing your home inspection or waving certain contingencies, you’ll need to state that. Every piece of the transaction is important and needs to be formally processed when it comes to purchasing a home. Your realtor will be there to help you through all of these complicated processes. 


Think Of The Future


When you’re choosing a home, you’re not just buying for your life as it stands right now. Are you hoping to have a big family? Do you need a home office? How much entertaining are you planning on doing? All of these things are important when it comes to the type of home that you’ll buy. If you don’t plan for the future, you’ll outgrow the home that you’re in quite quickly. 


Look For Potential


See what potential the homes that you’re looking at have for you. Some homes may have major cosmetic issues that can easily be fixed. Perhaps The walls just need some fresh coast of paint. Maybe the deck needs to be stained. If you go into the house search with an open mind, it will be a lot easier for you to find the right home. You don’t need a home that is absolutely move-in-ready unless of course, you’re building a brand new home from scratch.


Know Your Finances


One of the most important things about buying a home is knowing your finances. Don’t buy a home that you can‘t afford. From looking at your own budget to getting pre-approved, you’ll be able to have a better understanding of your own financial situation and how much house you can afford.




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Posted by Donahue Real Estate Company on 1/23/2019

How many times have you heard yourself say (or think) something very similar to this: "One of these days, I'm going to organize my closet(s)"? If not your closets, then it's your basement, attic, or garage that needs decluttering, organizing, and/or cleaning.

Question: Are you one of those homeowners (or apartment dwellers) who keeps saving things you don't need, and then finally gets around to sifting through it all when mountains of clutter have taken over your valuable storage space? If that sounds all-too-familiar, then don't worry; you're not alone! Unfortunately, the easiest thing about organizing your home is putting it off until another day.

There comes a point, though, at which clutter takes over your life. Symptoms you're moving in that direction include an inability to find things and the inexplicable disappearance of storage space (actually, there's a perfectly rational explanation for it)! So if the "clutter monster" has been rearing its ugly head in your home in recent months, here are some causes and possible solutions to the problem.

  • You know you have a lot of junk, but you're not sure what to do with it. Well, first of all, "one man's junk is another man's treasure," so things you no longer have any use for may be very useful to charitable groups, community fund drives, or homeless shelters. In addition to giving stuff away, you could also offer free or inexpensive things to people in your social media network, hold a yard sale, or offer gently used hand-me-downs to relatives and friends. If your unwanted stuff is actually junk (by anyone's standards), then it might be worth it to have a local junk hauling service pick it up at your house and properly dispose of it. An alternative is to rent a dumpster for a few days and fill it up at your convenience. The cost may be surprisingly affordable, and the amount of living and storage space you'll reclaim in your home will make it all worthwhile. You never know until you get a quote or two!
  • You just can't seem to motivate yourself to get started! Procrastination is one of the leading causes of household clutter, but there are solutions. One strategy is to announce to your significant other, best friend, or parents that you're going to devote two or three hours on Saturday (or Sunday) to straightening out your closets, basement, or garage. The value of telling someone else of your intentions is that it sort of puts you on the hook and makes you accountable. A similar approach is often used for dieting, exercising, or spending quality time with your kids. Even though two or three hours of work probably won't transform your home into a model of organization, you'll at least have gotten started and made a dent in the project. For most people, the biggest hurdle to getting organized is getting started!
Picking up a supply of inexpensive bins, storage compartments, and shelving at your local discount outlet, hardware store, or even neighborhood garage sale may also give you the nudge you need to get your decluttering plans moving forward!





Posted by Donahue Real Estate Company on 1/16/2019

The homebuying process can be stressful, particularly for those who are purchasing a house for the first time. From the time it takes to find your "dream" home to the final closing, there may be many hurdles that you'll need to overcome to secure your ideal home. As such, it sometimes can be difficult for a first-time homebuyer to maintain a positive outlook during the most challenging times.

Lucky for you, we're here to help you remain calm, cool and collected throughout the entire homebuying cycle.

Now, let's take a look at three tips to help first-time homebuyers maintain a positive outlook at each stage of the homebuying journey:

1. Establish Realistic Expectations

Although first-time homebuyers would like to believe the property buying journey will be quick and seamless, it is important to realize that problems can arise without notice. However, homebuyers who understand the ins and outs of purchasing a house should have no trouble identifying potential issues and minimizing their impact.

For example, a homebuyer who defines his or her ideal residence can narrow a home search accordingly. This homebuyer also will be able to check out a variety of houses based on assorted property buying criteria and boost his or her chances of discovering the perfect residence without delay.

A homebuyer who establishes realistic expectations will be ready for the worst-case scenarios too. And if this homebuyer submits an offer to purchase a home that ultimately gets rejected, he or she will remain confident and be ready to restart the homebuying cycle from stage one.

2. Become an Informed Homebuyer

A first-time homebuyer who learns about the housing market can improve his or her chances of getting the best possible results.

Allocating the necessary time and resources to understand the differences between a buyer's market and a seller's market, for instance, can make a world of difference for any homebuyer, at any time.

Furthermore, an informed homebuyer may be more likely than others to get pre-approved for a mortgage. With a mortgage in hand, this property buyer can set a budget for his or her home search and increase the likelihood of securing a terrific house at an affordable price.

3. Work with a Real Estate Agent

When it comes to purchasing a home for the first time, why should a homebuyer leave anything to chance? Instead, a homebuyer can work with a real estate agent to reduce the risk of potential pitfalls throughout the homebuying cycle.

A real estate agent is happy to respond to a homebuyer's concerns and questions as the property buying journey progresses. This housing market professional will even help a homebuyer maintain a positive outlook, regardless of what happens. That way, a real estate agent can assist a homebuyer through both good times and bad and ensure a property buyer can purchase a first-rate house that matches or exceeds his or her expectations.

Take advantage of these tips, and any first-time homebuyer can keep things positive at each stage of the homebuying cycle.




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