T. Jay Johnson Jr. - Lamacchia Realty, Inc.



Posted by T. Jay Johnson Jr. on 1/8/2021

For first-time homebuyers, going from property buyer to property owner may seem virtually impossible. Lucky for you, we're here to help you take the guesswork out of buying a home.

Now, let's take a look at three questions that every first-time homebuyer needs to consider:

1. What is my "dream" residence?

One first-time homebuyer's definition of a "dream" residence may differ from another's. As such, you should consider what you'd like to find in a dream house before you begin your real estate search.

Creating a checklist of "must-haves" and "wants" in your house often serves as a great starting point for first-time homebuyers. This checklist will enable homebuyers to consider what they'd like to find in a dream home and plan accordingly.

Also, it is important to establish realistic expectations before you kick off a home search.

Many terrific houses are available in cities and towns nationwide, but no home is likely to have every feature that you desire in a dream residence.

Therefore, if you establish realistic expectations for your home search, you can avoid potential let-downs as you explore a broad array of high-quality houses.

2. How will I pay for a home?

Getting pre-approved for a mortgage is vital for a first-time homebuyer, and for good reason. With pre-approval for a mortgage, you'll know what you can afford to spend on a home before you enter the real estate market.

Many banks and credit unions are happy to meet with you to discuss your mortgage options. These lenders can outline the differences between adjustable- and fixed-rate mortgages, help you assess your credit score and ensure you can make an informed mortgage decision.

Furthermore, lenders can answer any mortgage questions that you may have. They can help you evaluate your current financial situation and enable you to obtain a mortgage that won't force you to revamp your day-to-day budget.

3. How do I begin searching for a house?

Beginning a home search is easy, particularly for first-time homebuyers who work with expert real estate agents.

An expert real estate agent understands what it takes to find a wonderful house at a budget-friendly price. In fact, he or she will do everything possible to help you navigate the housing market quickly and effortlessly.

Typically, an expert real estate agent will keep you up to date about new homes as they become available, set up home showings and submit home offers on your behalf. This housing market professional also will offer honest, unbiased recommendations throughout the homebuying journey to help you select a house that matches or exceeds your expectations.

When it comes to exploring the housing market, there is no need to work alone. Fortunately, you can hire an expert real estate agent who can help you get the best results possible during the homebuying journey.

Want to acquire your first home? Use the aforementioned tips, and you can move one step closer to owning a top-notch house.




Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 12/18/2020

Filling out a mortgage application may prove to be a long, arduous process, particularly for those who are buying a house for the first time. Lucky for you, we're here to help you dot the I's and cross the T's on your mortgage application to ensure you can quickly and effortlessly acquire your dream house.

Now, let's take a look at three tips to help you prepare your mortgage application.

1. Be Diligent

A mortgage application may appear daunting at first. The application may include several pages of questions, and you may have only a limited amount of time to finalize your submission.

When it comes to completing a mortgage application, it generally pays to be diligent. If you answer each mortgage application question to the best of your ability, you likely will have no trouble moving forward with your home purchase.

2. Avoid Guessing

If you're uncertain about how to respond to certain mortgage application questions, there is no need to guess. Instead, search for the information that you need to provide a comprehensive response. This will help reduce the risk of encountering potential problems down the line that otherwise could slow down your home acquisition.

Remember, guessing on a mortgage application probably won't do you or your lender any favors. But if you allocate the necessary time and resources to understand mortgage application questions and provide thoughtful responses, you can minimize the risk of application errors.

3. Ask Questions

Completing a mortgage application sometimes can be tricky. Fortunately, a lender employs mortgage specialists who are happy to respond to your application concerns or questions at any time.

If you're unsure about information that is requested on a mortgage application, don't hesitate to reach out to a lender's mortgage specialists for help. These specialists possess extensive mortgage expertise and can help you complete a mortgage application.

Furthermore, mortgage specialists can offer insights into a wide array of mortgage options. These specialists can explain the differences between fixed- and adjustable-rate mortgages and enable you to select the right mortgage option based on your financial situation.

As you prepare to buy a house, you may want to consult with a real estate agent as well. In fact, with a real estate agent at your side, you can seamlessly navigate the homebuying process.

A real estate agent understands exactly what it takes to acquire a house, regardless of the finances at your disposal. This housing market professional can set up home showings, help you submit offers on houses and ensure you can purchase a residence that matches or exceeds your expectations. And if you need help getting a mortgage, a real estate agent may even be able to connect you with the top lenders in your city or town.

Ready to move forward in the homebuying journey? Use the aforementioned tips, and you can finalize a mortgage application and secure the financing that you need to acquire your ideal residence.




Tags: Mortgage   Buying a Home  
Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 12/4/2020

Are you a productive homebuyer? If not, you may miss out on an opportunity to acquire your dream residence.

A productive homebuyer understands the ins and outs of the real estate market. As such, this individual may be better equipped than others to purchase a top-notch residence at a budget-friendly price.

Ultimately, operating as a productive homebuyer may be easier than you think here are three tips to ensure that you can become a productive homebuyer in no time at all.

1. Narrow Your Home Search

If you know what you want to find in a dream home, you can maximize the time and resources at your disposal.

For example, if you prefer a home in a big city, you can start searching for houses in the city of your choice. Or, if you enjoy the unparalleled serenity of small town life, you may want to focus exclusively on houses in various towns.

You also should consider your day-to-day activities as you kick off your home search. If you attend college classes every day, you may want to find a house close to school. Comparatively, if you regularly take the bus to work, you may want to consider homes that provide quick, easy access to public transportation.

2. Establish a Price Range

Although you know that you want to buy a home, you may have no idea what it will cost to obtain your dream home. However, if you enter the housing market with a home price range in hand, you can quickly and effortlessly navigate the homebuying process.

Meet with banks and credit unions in your area. That way, you can learn about myriad home financing options and choose a mortgage that complements your finances.

Don't forget to ask bank and credit union professionals for mortgage recommendations and suggestions as well. These mortgage specialists are happy to teach you about many mortgage options and ensure that you can make an informed home financing decision.

3. Work with a Real Estate Agent

A real estate agent is a homebuying expert who will do everything possible to help you optimize your productivity. If you collaborate with a real estate agent throughout the homebuying process, you can increase the likelihood of getting the best possible results.

A real estate agent will set up home showings, negotiate with a home seller's agent on your behalf and help you get the best price on a home. By doing so, this housing market professional will ensure that you can enjoy a seamless homebuying experience.

Let's not forget about the advanced housing market knowledge that a real estate agent possesses, either. A real estate agent understands the challenges of buying a home and will help you identify and overcome these difficulties. He or she will even answer any homebuying questions, at any time.

Become a productive homebuyer today use the aforementioned tips, and you can maximize your productivity as a homebuyer and reap the benefits of a quick, efficient homebuying journey.




Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 10/30/2020

Home showing preparation is key for any homebuyer. In fact, if you know how to get ready for a home showing, you may be better equipped than other buyers to assess a house and determine whether to move forward with an offer to purchase.

Ultimately, there are many ways that a homebuyer can prepare to attend a home showing, and these include:

1. Create a List of Questions

A home listing provides plenty of information, but it also may leave many unanswered questions about a house. Fortunately, if you craft a list of questions about a home prior to a showing, you can gain comprehensive home insights during this showing.

There is no such thing as a "bad" question to ask about a house during a showing. Remember, a home purchase is one of the biggest transactions that you may complete in your lifetime. And if you prepare a list of questions before a showing, you can take an informed approach to this showing and gain the insights you need to determine whether a house is right for you.

2. Perform Plenty of Housing Market Research

The housing market constantly fluctuates, and a real estate sector that favors homebuyers one day may favor home sellers the next. Thus, it generally is a good idea to study the housing sector closely to determine whether you're operating in a buyer's or seller's market.

In a buyer's market, there is no shortage of high-quality residences available. And if you attend a home showing in a buyer's market, you may be able to take your time to decide how to proceed with a residence.

Comparatively, in a seller's market, there is an abundance of homebuyers and a limited number of top-notch residences. This means you likely will need to act quickly if you want to acquire a deluxe residence following a showing in a seller's market.

3. Collaborate with a Real Estate Agent

The housing market can be complex for both experienced and first-time homebuyers. Luckily, real estate agents are available who can offer expert guidance at a home showing and ensure you can achieve the best results during your home search.

A real estate agent understands what it takes to acquire a home in any housing market. As such, he or she will help you plan ahead for a home showing and guarantee you can obtain in-depth home insights during this event.

Let's not forget about the assistance that a real estate agent can provide throughout the homebuying journey, either. A real estate agent can help you find houses in your preferred cities and towns and submit offers on residences. Plus, a real estate agent is happy to respond to any of your homebuying concerns and questions.

Take the guesswork out of attending a home showing consult with a real estate agent today, and you can get the support you need to discover your dream house in no time at all.




Tags: Buying a Home   showing  
Categories: Uncategorized  


Posted by T. Jay Johnson Jr. on 10/9/2020

Buying a home represents a life-changing decision. As such, you'll want to look beyond the price of a residence as you search for your dream house.

Ultimately, there are many factors beyond price that you should consider as you pursue your ideal residence, including:

1. A Home's Location

For most homebuyers, a house's location is the number one factor when they explore the real estate market, and perhaps it is easy to understand why.

Finding a home in a location that is convenient for you is priceless. And if you know how to conduct a comprehensive home search, you can quickly discover a high-quality home in a wonderful location.

As you prepare to kick off your home search, consider whether you'd like to live in a city or town. This will enable you to narrow your home search.

You also may want to consider homes that are located near work or school. By doing so, you can ensure that you won't have to travel too far to get to destinations that you frequently visit.

2. A Home's Condition

A home may look like a great investment at first, but its condition may have deteriorated over time. Thus, you'll want to take a close look at a house's condition before you finalize a home purchase.

Typically, a homebuyer will complete a property inspection after a home seller accepts an offer on a residence. This inspection will enable a homebuyer to perform an in-depth assessment of a residence and learn about its strengths and weaknesses. Then, a homebuyer can determine whether to move forward with a home acquisition.

If a property inspector discovers myriad issues that impact a home's condition, a homebuyer may want to reconsider his or her offer. At this point, a homebuyer can still walk away from a home purchase. Or, a homebuyer can ask the home seller to complete various home improvements as well.

On the other hand, a homebuyer who falls in love with a house may choose to proceed with a home purchase, regardless of the residence's condition. If you choose this option, however, it is important to consider the potential long-term ramifications of your decision.

3. Your Future

It is paramount for a homebuyer to find a house that he or she can enjoy for years to come. Therefore, a homebuyer should consider his or her future before finalizing a home purchase.

For example, if you plan to settle down and start a family, you may want to evaluate houses that are close to schools. Conversely, if you eventually want to work in the big city, you may want to consider homes that will make it easy to commute into the city day after day.

Don't forget to hire a real estate agent to help you during the homebuying journey too. With a real estate agent at your side, you should have no trouble examining a broad range of top-notch houses that won't force you to break your budget.




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