Miriam Keri's Blog
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.
2 Mayfair Lane, Nashua, NH 03063
House flipping is a lucrative real estate investment venture that requires a lot of skills, planning, and sometimes luck to pull off. Any wrong decision when flipping a house can lead to disaster. When done right, it could also bring in a lot of money. If you can make smart decisions to buy the home at a great price, and keep renovation costs down to the minimum while maximizing the reach, then you can sell the house at a much higher rate than you paid for it.
If you are looking to flip a house, you are looking to make a profit, so you need to make sure you are aware of the steps to take when investing in house flipping:
1. Invest in the house flip with cash
House flipping is a risky venture, and you do not want to add more debt to increase your financial risk. Flippers that borrow money with interest to finance a house flip often end up having to pay several months of interest which adds to the effective selling price of the house, making the project tighter than it already is. Using cash only to fund a house flip also means that you can wait out a slow market until you find the right buyer for the house at the best price for it.
2. Know the neighborhood market
It is normal to get excited during a house flip, but you must be sure that you never lose sight of the figures behind the investment. Know the neighborhood well so that you can buy houses that are around 80% of the average market value or less. Have the vision to know how the finished house will compete with homes already on the market and how best to price the house for a quick sale.
3. Have a strict budget for your house flip
Speak with your contractor to work out a good idea of how much the renovations will cost. It is good to have an estimate even before buying the house so that you do not overspend and become desperate with the house. Identify all structural, electrical and other issues the house may have before starting the project so that you can know if you can afford the house flip, even if unknown expenses crop up.
4. Plan for smart renovations
Aim for renovations that are low on cost and high on value. Instead of shiny floors and custom cabinets, you can refinish the existing cabinets, add granite countertops and replace all appliances to new stainless-steel ones. Things like painting and thorough cleaning can help increase the house value.
Your real estate agent will guide you on how to finish and renovate your house to meet local expectations and have a quick sale.
The American population over age 65 is set to double by the year 2060. That’s almost 100 million seniors needing housing in facilities that currently are in short supply. And really, do you want to live in a senior housing facility when you’re older? Most don’t. In fact, 80 percent of seniors would prefer to stay in their current home if they could.
The challenge, however, is that most home designs simply never factored in the needs of growing older. Today, however, is a new day. With technology at our fingertips, homes built now can feature assistance for you to stay in place in your home over the long run. This technology, a part of the ambient assisted living emerging industry, brings improved safety, medical care, and mobility right into your home.
Check out these smart home options and think about how to include them in your build or remodel.
- Security: Systems designed to warn you of fire and gas leaks are old news. But, newer systems that also can tell you who is at your front door, or that let you lock the front door from anywhere inside or outside the home via an app on your phone take it a step closer to giving autonomy to less mobile seniors. It also can let family know if you've fallen, or if there is an emergency, so it provides the family with the security of that their loved one is secure. Check out the options from Abode Iota, Nest Secure, or Ring Video Doorbells and Alarms.
- Peace of mind: The newest version of Apple Watch, Series 4, has fall detection software that can detect when a hard fall occurs if you’re wearing the watch. In that event, it’s internal vibration system “taps” your wrist, displays an alert message, and sounds an alarm. At that moment, you can dismiss the alarm or call emergency. If it detects movement, the watch waits for you to respond, but if you've been immobile for over a minute, your watch will automatically call emergency, and also send a message to your designated emergency number letting them know your location and that it dialed emergency services for you.
- Hazards: Getting around in the kitchen creates complications for anyone with limited mobility. Sense, a home energy monitor, can attach to the home’s electric panel. It can detect if an appliance runs too long and notify the homeowner. It also notifies a caregiver of changes to typical usage patterns, so if mom always makes coffee at 8:00 AM, and today that didn’t happen, Sense lets the caregiver know that something could be amiss. Protect yourself from bathroom hazards with Walabot Home’s two-way fall-detection system.
- Autonomy: June, a countertop oven, automatically detects and recognizes the food placed in it, cooks it and then turns itself off. Connect your June to Alexa, and it tells you when your food has cooked. The AmazonBasics microwave works with Alexa or Echo Dot voice commands to set temperatures, cook, and inform you when your meal is ready. This feature particularly assists vision impaired cooks. In the living room, let Siri, Google Home Hub, or another device turn on your television, music, movies and more.
- Health: New on the scene are telehealth (remote healthcare) options that reduce the need for doctor visits. Since transportation typically is a challenge for seniors, advancements in this area with wireless devices and monitoring look to a future of improved livability.
Early adoption of these systems prepares you for a time when you need to rely on them. In some new developments, builders install smart home technology from the ground up. If you'd like to see smart homes in your area, talk to a local real estate professional to view available homes.
So, you recently downsized your living space. You mentally prepared to adjust your lifestyle to a more compact living area, you reorganized all your belongings, implemented new storage systems and found the most effective furniture arrangements, but what about the dog? While the new living arrangement might be a little adjustment for you, it could be a more significant adjustment for your pets, especially for dogs used to a large backyard and play area. How can you help your pet make the transition? Try some of these tips.
Design their backyard ahead of time.
Just as you investigated the best way to layout your new home to make the downsizing transition work for you, your dog will need help designing their new yard space to make the smaller area work for them. Start by separating and designating areas your dog needs as much as possible. Did your pet have a specific bathroom area in their old yard? It usually is in a corner far away from their play areas or your entertainment areas. Having a designated place to "go" is a comforting factor to your dog. It may be harder for them to find and keep a specific location in a smaller yard without infringing on their play area. Before bringing your dog into the new yard take a look at the space and figure out the best place for their house, potty area and play areas. Try keeping their home and the potty regions in opposite corners with a corridor, or the most extended angled area you can find, available for play. When you first introduce your pup to the yard walk them around the perimeter, introduce them to their house, and get them to mark in their new bathroom corner. You should do this daily for at least a couple weeks to help ingrain the different areas and help them separate the spaces in their yard.
Keep your dog entertained.
If you have an outdoor dog that is used to a large yard, particularly if you have a larger breed, you may find that they are having trouble adjusting to a small yard. While they used to be able to occupy your time at work with chasing birds or squirrels and generally running around, they now have less natural entertainment in the small condo or bungalow yard. When you come home from work, do they seem bored? Are they very antsy? Are they tearing up your new yard looking for something to do? Depending on your pet's play preferences - chewing, tugging, digging - there are simple DIY backyard projects you can tackle to provide more independent play activities for your dog.
- Tug of War - Installing an independent tug toy is a very effective entertainment source for your dog. You can DIY this set up using a fence or stair railing post, or by planting a large stake in the yard. Grab a short bungee cord and a long piece of thick rope from your local hardware store. Tie several large and tight knots at the end of the rope, then tie the rope around the center of the bungee cord. Wrap the cord tight around the post several times until it has no flex when hooked together. If you don’t have a post available invest in a long metal stake that you can secure in the ground, then use a medium size carabiner to clip the rope toy to the post. Introduce the toy to your dog and entertain them for hours.
- Digging Area - If your dog likes to dig but can quickly dig up your entire new yard, try establishing a specific digging area for him. Take another corner of your yard, or a place along the side yard if you have one and dig out a small pit. Fill the hole with heavier sand or mulch to make it easier for your dog to dig. Convince them the new pit is the right place to dig by burring a bone, their favorite toy or a treat and show them they can dig to find it. Continue establishing the spot with your dog over the first few weeks, and they'll soon be burying their bone there themselves and have a new independent play option.
Maintain the yard.
Work to keep your yard space clean and usable—for you and the dog. You may not have had to pick up poop daily on your larger property. It is now imperative to keep the bathroom area clean and contained. And, maintain as much usable space in the yard as possible. If you host a bbq make sure you clean up and restore any furniture that encroaches on your dog’s play area.
If you have a large dog who needs a bigger outdoor space, make sure you take up this concern with your real estate agent while you look for your new home, so they can help you find the best option for downsizing that keeps you and your pup happy. For even more life enjoyment expand your pup's living space with indoor activities as well. Spending time with you in your space is also good for the dog's stimulation. See part two of this article for tips on entertaining your pet indoors.