Renee Prunier


Posted by Renee Prunier on 9/17/2018

Many homebuyers face an interesting dilemma. On one hand, a broad array of houses is available nationwide, making it easy to find a great residence just about anywhere. Conversely, the housing market remains fierce, and a homebuyer who fails to submit the right offer at the right time may miss out on the opportunity to acquire his or her dream residence.

Ultimately, homebuyers must be ready to submit a fair offer on a house at any time. And even though you may be tempted to submit a proposal that exceeds a home seller's asking price to secure your ideal house, you should try to do everything you can to avoid overspending.

Lucky for you, we're here to teach you the ins and outs of making a reasonable offer on a home. Here are three tips to ensure you can avoid spending too much for a house.

1. Know What to Look for in Your Dream House

The definition of a "dream house" may vary from homebuyer to homebuyer. If you consider exactly what you'd like to find in your ideal home, you'll be able to browse the real estate market accordingly.

Although many great houses are readily available, it is important to keep in mind that no residence is perfect. As such, you should establish lists of must-haves and wants for your dream home and set realistic expectations. This will allow you to compare and contrast homes against your lists, find a residence that meets your expectations and remain calm, cool and collected as you prepare to submit an offer on a home.

2. Get a Mortgage in Advance

Homebuyers can get pre-approved for a mortgage and create a budget before they embark on a search for their dream home.

Getting pre-approved for a mortgage will require you to meet with banks and credit unions and assess all of the mortgage options at your disposal. In addition, lenders may be able to offer a variety of financing options based on your credit score, annual income and other economic factors.

With a mortgage in hand, you can explore the real estate market and find homes that fall within your price range. Therefore, if you get pre-approved for a mortgage, you may be better equipped to accelerate the homebuying process and avoid overspending on a house.

3. Choose the Right Real Estate Agent

Your real estate agent may make or break your home search. And with the right real estate agent at your side, you should have no trouble finding your dream home in any real estate market.

Your real estate agent is happy to provide tips to ensure you can submit a fair offer on any residence. That way, you can avoid the risk of overspending and improve your chances of acquiring your dream home at a reasonable price.

Hire a real estate agent who possesses comprehensive expertise and great people skills. By doing so, you can work with a real estate professional who can help you acquire your ideal home in no time at all.




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Posted by Renee Prunier on 9/10/2018

When you want to buy a home, you know that good credit will be necessary. You may have heard some things about your credit score that just aren’t true. Read on to set the record straight on some of the most significant misconceptions about credit. 


Checking Your Credit Only Gives You Knowledge


Checking your credit score or report will not lower your score. The only way checking a score is damaging to a credit score is in the form of credit inquiries. This is when a lender, employer, or other merchant checks your credit in order for you to either gain employment or open a new line of credit. You have the right to review your score without it being impacted. 


You Shouldn’t Carry Balances


The best way to keep a high credit score is to use a credit card and pay the balance off in full each month. It’s a false belief that carrying a balance is an excellent way to increase your credit score. You need a low debt level to maintain a good credit score. 


Your Age And Income Have Nothing To Do With Your Score


It’s natural that older people who have a longer credit history have a better shot a good credit score, but your age has nothing to do with your score. It all depends on when you established credit. Some people started their credit histories early because their parents opened accounts for them. Others needed to wait awhile before opening their first credit card account. 


Your income also is not a factor in determining your credit score. It may be true that if you have a higher income, it’s easier to stay out of debt, but the amount of money you make has no direct impact on your score. 


You Cannot Access Your Credit Score For Free


You have a legal right to obtain a free copy of your credit report once a year but, your credit score isn't included in this report. There are free services that are outside of your credit report that will give you your credit rating, but you need to search for them. It’s a good idea to check your credit report periodically, but you should also know your score especially if you're getting ready to make a big purchase such as buying a home.


Your Credit Matters More Than You Think


While you know your credit score matters when you head to get a home loan, you may not know just how many entities take your credit into account when you apply for them. Some things you may do where your credit score matters:


Apply for a job

Apply for a credit card

Rent an apartment

Sign up for phone and Internet services

Get other utilities in your home


Your credit history gives a picture to the world to let them know if you’re financially stressed. If you have gone through rough patches, there are always ways to bring your score up. If you had a judgment ruled against you in a lawsuit, for example, that would only appear on your credit report for a certain number of years. Lenders will often allow you to explain bumps in your credit report as well. Understanding credit is half the battle to a good score!      




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Posted by Renee Prunier on 9/3/2018

An adjustable-rate mortgage (ARM) offers a home loan with an interest rate that may move up or down. Therefore, with an ARM, your mortgage payments may rise or fall depending on a variety of market factors.

For many homebuyers, an ARM remains a viable home financing option for a number of reasons, including:

1. Lower Interest Rate at the Beginning of Your Mortgage

An ARM enables you to purchase a home that may exceed your price range. As such, it frequently represents an ideal option for a young professional who expects his or her income to rise over the next few years.

With an ARM, you are able to lock in an interest rate for the first few years of your mortgage. For instance, with a 5/1 ARM, your interest rate will remain in place for the initial five years of your home loan. This means that your mortgage payments will remain the same for five years, then rise or fall based on market conditions.

Ultimately, an ARM may help you secure your dream home. In fact, an ARM often allows homebuyers to pay a lower interest rate at the beginning of a mortgage than the interest rate associated with many traditional fixed-rate mortgage (FRM) options.

2. Extra Savings for Home Improvements

If you choose an ARM with a below-average interest rate, you may be able to save extra money that you can use to improve your home.

For example, if you want to overhaul your residence's attic or basement or add an outdoor swimming pool, an ARM may help you do just that. Because you'll know exactly what you're paying for the first few years of your home loan, you can budget accordingly and invest in home improvements that may help you boost the value of your home.

3. Affordable Short-Term Financing

If you intend to live in a home for only a few years, an ARM may be preferable compared to an FRM.

In many instances, an ARM will feature a lower interest rate than an FRM. As a result, if you take advantage of an ARM, you may be able to secure a great house at an affordable price. Plus, if you sell your home before your initial interest rate expires, you can avoid the risk that your interest rate – and monthly mortgage costs – may rise.

Homebuyers should evaluate both ARM and FRM options. By doing so, a homebuyer can assess his or her home loan options and make an informed decision.

If you ever have ARM or FRM questions, banks and credit unions are happy to respond to your queries. These lenders will enable you to evaluate your financing needs so you can acquire your dream house.

Furthermore, consulting with your real estate agent may deliver immediate and long-lasting benefits. Your real estate agent can offer home loan recommendations and put you in touch with local lenders.

Dedicate the necessary time and resources to assess your home financing options, and you can move one step closer to securing your ideal house.




Tags: Mortgage   mortgage rates  
Categories: Uncategorized  


Posted by Renee Prunier on 9/1/2018

This just might be the one you have been waiting for. Many great features and updates including a Complete In-law / extended family / Au pair suite addition on the 1st floor built in 2005. The main house offers an open kitchen / dining area with new granite, microwave and Stove installed in 2017. Fantastic 3 season porch, front to back living room with brick fireplace. 1st floor bedroom could be used for Master or office. New carpet on stairs, hallway and 2nd floor bedrooms, Freshly painted thru-out. Bonus office/den on 2nd floor with hardwood & Skylight. Grand 24x24 vaulted ceiling great room with Hardwood flooring, skylights & french door to 2nd floor deck overlooking tree lined fenced back yard. Generac 17kw whole home standby generator included. Two car beamed garage with high ceilings & storage. Private setting in a sought after neighborhood just minutes to Rte 20 and Stafford Street. Owners worked hard to prepare this home for you to just move in! Quick closing Possible.

More Info on this Property | New Listing Alerts





Posted by Renee Prunier on 8/27/2018

If you recently bought or sold a house, you may have only a short amount of time to pack up your belongings and get your family ready for moving day. As such, you'll need to tell your children about your upcoming move to ensure they can prepare accordingly.

Ultimately, informing your kids about your move can be difficult, especially for families that have lived in a particular city or town for many years. Lucky for you, we're here to help you minimize the stress commonly associated with telling your kids about moving day.

Here are three tips to ensure you can stay calm, cool and composed when you inform your kids about your decision to relocate.

1. Speak with Your Kids As Soon As Possible

The longer that you wait to tell your kids about your move, the tougher it will become to break the news to them. Thus, as soon as you decide to purchase or sell a home, you should tell your kids.

Remember, the sooner you speak with your children, the sooner they can start planning for the future. You also can discuss any moving concerns with your kids and ensure they can receive your full emotional support as moving day approaches.

2. Plan Ahead for Your Family Discussion

In most instances, kids will have lots of questions about your decision to move. As a parent, it is your responsibility to dedicate the necessary time and resources to respond to all of your kids' queries.

Consider your children's perspective before you inform your kids about your decision to buy or sell a house – you'll be glad you did. If you plan ahead for a discussion with your kids, you may be able to anticipate potential questions and be ready to provide thoughtful responses.

3. Be Honest

No parent has all the answers, all the time. And if you face children's questions about your move and are uncertain about how to respond to them, you should not hesitate to speak from the heart.

It may be impossible to have answers to all of your kids' questions about an upcoming move. However, if you're honest with your children, you can provide them with plenty of support throughout the moving cycle.

When it comes to discussing an upcoming move with kids, both parents and their children may get emotional. Fortunately, parents and children can work together to support one another and ensure all family members can reap the benefits of a successful transition to a new address.

Lastly, if you need extra help as you get ready to discuss an upcoming move with your kids, you can always consult with a real estate agent. In addition to helping you navigate the homebuying or home selling process, a real estate agent can provide honest, unbiased recommendations about the best ways to inform your children about your decision to buy or sell a residence.

Use the aforementioned tips, and you can take the guesswork out of telling your kids about your upcoming move.




Tags: moving tips   kids  
Categories: Uncategorized