Druann Jedrey | Wilmington Real Estate, Tewksbury Real Estate, Billerica Real Estate


Entering the housing market may be difficult for a buyer. In many instances, buyers worry about paying too much for a house. On the other hand, the temptation to overspend on a house sometimes can be overwhelming for a homebuyer who is concerned about losing his or her dream residence to a rival buyer.

Fortunately, we're here to help you determine exactly what you can afford to pay for a house, thereby reducing the risk of spending too much on a residence.

Let's take a look at three tips to ensure a buyer can purchase a great house at the right price.

1. Get Pre-Approved for a Mortgage

A mortgage generally is a must-have for a homebuyer. If you get pre-approved for a mortgage, you can start searching for houses that fall within your financial limits.

To learn about your mortgage options, you should meet with a variety of banks and credit unions. These financial institutions employ friendly, knowledgeable mortgage specialists who can teach you about myriad mortgage options.

Also, don't hesitate to ask questions as you search for a mortgage. If you understand all of the mortgage options at your disposal, you can make an informed mortgage decision. Then, you'll be able to start pursuing houses with a budget in hand.

2. Assess the Housing Market

The real estate market frequently fluctuates. As such, you should look closely at housing market data to find out whether you're preparing to search for a house in a buyer's or seller's market.

Oftentimes, it helps to look at the prices of recently sold houses in your area. This will allow you to see how much sellers received for their homes, as well as how long these houses were available before they sold. That way, you can use this housing market data to narrow your price range and establish realistic expectations for your home search.

3. Consult with a Real Estate Agent

A real estate agent is a housing market expert. Therefore, a real estate agent can make it simple for you to pay the right price for your ideal house.

Typically, a real estate agent will want to meet with you before you start your home search. He or she then can learn about you and your homebuying goals and help you craft a homebuying budget. As a result, a real estate agent will allow you to refine your home search, ensuring you can check out high-quality houses at budget-friendly prices.

Let's not forget about the support that a real estate agent delivers throughout the homebuying journey, either. A real estate agent will set up home showings and keep you up to date about new houses that fall within your price range. And if you'd like to submit an offer on a house, a real estate agent will help you put together a competitive proposal as well.

Pay the right price for your dream house – use the aforementioned tips, and you can boost the likelihood of discovering the right home, at the right price.



32 Porter St, Billerica, MA 01821

Single-Family

$579,900
Price

10
Rooms
4
Beds
3
Baths
PRICE IMPROVEMENT! Beautiful, expansive split level home in desirable Tower Farm Estates is new to the market. This rare find with 4 spacious bedrooms on the main living level, including a master en suite, will suit those needing all the bedrooms on one floor. Formal dining room, step up living room, spacious updated kitchen and spectacular 3-season room with full bath round out the main floor. The fully finished lower level is ideal for the extended family and could be used as a fantastic family room, game room, or media room. The additional guest room with a full bath just steps away is ideal for out of town company or an overnight guest. The outdoor space is no less spectacular with spacious yard surrounded by mature trees and fenced in area with in ground pool. Two car garage, central air conditioning, meticulous grounds and more located in one of Billerica's most sought after neighborhoods. Minutes to Rt. 3A, major roadways and shopping.
Open House
No scheduled Open Houses

Similar Properties




858 Main St, Wakefield, MA 01880

Condo

$599,900
Price

8
Rooms
4
Beds
2/1
Full/Half Baths
*OH, 10/13 Sunday 11-1* Spectacular multilevel end townhome in a complex of only 4 units will leave you stunned. Soaring ceilings and hardwood flooring with spacious rooms throughout offering the versatility to suit your needs. Large chef's kitchen with abundant cabinetry, stainless steel appliances and just a few steps to an amazing magazine worthy entertainment sized dining room/fireplaced living room combination. Jaw dropping master en suite with custom closet system, spacious Master bathroom with dual sinks, large soaking tub and a surprise Juliette balcony to sit and enjoy your surroundings. Top floor family room ideal as a media room, game room or play room. Four bedrooms in total with 2.5 baths, a fully finished lower level, central a/c, plenty of storage and a one car garage. Outdoor space includes a private deck with terraced plantings. Ideally situated minutes to downtown Melrose, Lake Quinnapowitt, and steps to the commuter rail with a quick ride to North Station.
Open House
Sunday
October 13 at 11:00 AM to 1:00 PM
No Patriot's game means more time to view this beautiful home! Magnificent multilevel town home with great access to commuter rail, downtown Melrose, Lake Quannapowitt and more! Plenty of room for the extended family in this 4 bedroom gem!
Cannot make the Open Houses?
Location: 858 Main St, Wakefield, MA 01880    Get Directions

Similar Properties



If you receive an offer to purchase your house, determining how to proceed with this proposal sometimes can be difficult. Ultimately, a home seller needs to weigh the pros and cons of accepting an offer to purchase. And if the pros outweigh the cons, it probably is a good idea to accept the homebuying proposal.

When it comes to reviewing an offer to purchase, there are many reasons why a seller should accept this proposal, and these include:

1. An offer to purchase matches or exceeds a home seller's expectations.

If a home seller receives an offer to purchase at or above the initial asking price for his or her house, accepting the proposal likely is a no-brainer. In fact, a seller may want to provide an instant "Yes" to this offer so he or she can quickly move on to the next step of the property selling journey.

Of course, it helps to establish realistic home selling expectations before listing a residence. If a seller sets a competitive initial asking price that corresponds to his or her home selling expectations, then this individual may be better equipped than others to enjoy a seamless property selling experience.

2. An offer to purchase falls in line with the current housing market's conditions.

If you're selling a home in a buyer's market, you may pounce at the opportunity to accept any offer to purchase that comes your way. Comparatively, if you list your house in a seller's market, you may need to consider all of your options closely before you accept an offer to purchase.

As a home seller, you should evaluate the current state of the real estate market. If you allocate time and resources to learn about the housing market, you can gain real estate market insights to help you determine whether to accept an offer to purchase.

3. An offer to purchase enables a home seller to speed up the property selling process.

If you're operating on a tight home selling timeline, you may be more inclined than ever before to accept an offer to purchase, even if it falls below your initial expectations. Conversely, if you plan ahead for the home selling journey, you may reduce the risk of facing a time crunch to sell your house.

For home sellers, hiring a real estate agent is key. This housing market professional can help a seller prepare for the real estate market and ensure that a seller sets a competitive price for his or her house. Plus, a real estate agent will set up home showings and open house events to showcase a residence to prospective buyers. And if a seller receives an offer to purchase, a real estate agent can provide a recommendation about the best way to respond to this homebuying proposal.

Ready to add your house to the real estate market? Collaborate with a real estate agent, and you can boost the likelihood of getting an offer to purchase your home that allows you to maximize the value of your property.


**Open House, Sun, 10/6 from 11-1** Welcome to your dream home! This beautifully crafted turn-of-the-century colonial was built to last w/impeccable craftsmanship and charm. The open plan on the first floor creates a great flow throughout, while the 9-ft ceilings & oversized windows provide a warm, sun-drenched atmosphere. Period details abound from the crown molding down to the bead board (even a claw foot tub!), while the fresh paint & beautifully refinished wood floors throughout provide a modern touch. The 2nd floor has a full bath, 3 spacious bedrooms, and a bonus room perfect for an office or nursery. There’s also a huge walk up attic for storage or expansion! This home is situated on a large lot with an oversized & completely fenced-in yard perfect for pets, kids, & backyard BBQs! Last but not least, LOCATION, LOCATION, LOCATION! Leave your car home because the train is only 5 min away making this the perfect home for commuters or anyone interested in quick access to Boston .

More Info on this Property | New Listing Alerts



Loading