Kathryn Varjian Ferrazzi - William Raveis Real Estate & Homes Services



Posted by Kathryn Varjian Ferrazzi on 5/23/2018

A home inspection enables a buyer to examine a residence and identify any underlying structural issues. Plus, the assessment allows a buyer to receive a report that details a home inspector's findings to help him or her determine how to proceed in the homebuying journey.

Ultimately, it helps to prepare as much as possible before you conduct a home inspection. If you allocate time and resources to get ready for a home inspection, you'll be better equipped than ever before to achieve the best-possible inspection results.

Let's take a look at three tips to help you prepare for a home inspection.

1. Hire an Expert Home Inspector

There is no shortage of home inspectors for hire in cities and towns nationwide. However, differentiating an average home inspector from an expert one can be difficult.

When it comes to getting ready for a home inspection, it pays to hire an expert to assess a residence both inside and out. Because if you have an expert home inspector at your side, you can learn about myriad home problems before you finalize a house purchase.

To find an expert home inspector, it helps to reach out to home inspectors in your area. Learn about each home inspector's expertise and ask for client referrals. After you perform an extensive evaluation of home inspectors, you can hire an expert home inspector to assess any residence, at any time.

2. Develop a Game Plan

If you want to achieve the optimal results during a home inspection, it helps to enter the inspection with a plan in hand. That way, you can evaluate all aspects of a residence and improve your chances of identifying both minor and major home issues.

Ensure your home inspection plan includes assessments of a house's interior and exterior, as well as a residence's attic, basement and roof. Also, you should test a home's heating and cooling system during an inspection.

3. Consult with a Real Estate Agent

A home inspection may prove to be difficult if you fail to plan accordingly. Luckily, if you hire a real estate agent, you can get the support you need to maximize the value of a home inspection.

Typically, a real estate agent will guide you along the homebuying journey. Once a seller accepts your offer on a home, a real estate agent can put you in touch with the best home inspectors in your area. Then, you, your real estate agent and your home inspector can work together to perform a successful home evaluation.

A real estate agent will provide plenty of assistance after a home inspection too. And if you are uncertain about how to proceed with a house after an inspection, a real estate agent can offer recommendations to help you make an informed decision.

Want to take the guesswork out of a home inspection? Use the aforementioned tips, and you can prepare for an upcoming home inspection.




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Posted by Kathryn Varjian Ferrazzi on 3/28/2018

Submitting a "fair" offer on your dream home may seem difficult, particularly for a first-time homebuyer. Lucky for you, we're here to help you determine what it takes to submit a fair offer on a home that increases the likelihood that a home seller will accept your proposal without delay.

Now, let's take a look at three tips to ensure that a first-time homebuyer can submit a fair offer on a house.

1. Study the Housing Market Closely

Are you preparing to submit an offer in a buyer's market or a seller's market? Ultimately, the current state of the housing market may help you define a fair proposal based on the sector's conditions.

For example, a buyer's market frequently includes an abundance of top-notch residences and a shortage of homebuyers. In this market, you may be able to submit an offer at or below a home seller's initial asking price and receive an instant "Yes."

On the other hand, a seller's market usually features a shortage of high-quality houses and an abundances of homebuyer. As such, you may need to submit an offer at or above a home seller's initial asking price if you want to secure your dream residence.

For first-time homebuyers who analyze the housing market closely, they should be able to differentiate between a buyer's market and a seller's market. That way, a first-time homebuyer can determine fair market value for a residence and submit an offer that corresponds to it.

2. Evaluate Your Homebuying Budget

There is no need to overspend for a house, regardless of the current housing market's conditions. But with a homebuying budget in hand, a first-time homebuyer can resist the urge to pay too much to acquire an outstanding residence.

Getting pre-approved for a mortgage often provides a great option for those who are uncertain about how much they can spend on a home. This budget will enable a homebuyer to narrow his or her home search based on the finances at his or her disposal.

Meet with a variety of banks and credit unions to learn about all of your mortgage options. Then, you can select a mortgage that matches your budget and move one step closer to acquiring a terrific residence.

3. Work with a Real Estate Agent

A real estate agent is a must-have for a first-time homebuyer, and for good reason. This housing market professional can teach you about the intricacies of buying a house and help you submit a fair offer on a residence any time you choose.

Furthermore, a real estate agent will guide you along each stage of the homebuying journey and help you overcome any potential pitfalls along the way. And if you ever have homebuying concerns or questions, a real estate agent is happy to respond to them at your convenience.

Take advantage of the aforementioned tips, and by doing so, a first-time homebuyer should have no trouble submitting a fair offer on a residence.




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Posted by Kathryn Varjian Ferrazzi on 3/7/2018

Purchasing a deluxe home at an affordable price may seem impossible, particularly for property buyers who are searching for a residence in a seller's market.

Lucky for you, we're here to help take the guesswork out of buying a terrific residence at a budget-friendly price, regardless of the current housing market conditions.

Now, let's take a look at three factors that homebuyers need to consider before they enter a seller's market.

1. Your Timeline

What is your homebuying timeline? Ultimately, you'll want to consider how quickly you need to relocate to a new residence. This will enable you to map out a homebuying journey that boosts your chances of getting the best results possible.

For example, if you have several months to plan ahead, you may be able to wait out a seller's market. You can pursue a wide range of residences over an extended period of time. And if you find a residence that you like, you can submit an offer on it.

On the other hand, if you need to move right away, you'll likely need to speed up the homebuying journey. In this scenario, you'll want to make the most of the time and resources at your disposal. If you can optimize the time and resources that are available, you may be better equipped than other homebuyers to discover a great home in a seller's market.

2. Your Budget

How much can you afford to spend on a home? A seller's market favors property sellers, so you'll want to do everything possible to budget appropriately and avoid the temptation to overspend to acquire a residence.

Getting pre-approved for a mortgage usually is an excellent idea. If you meet with banks and credit unions, you can learn about your mortgage options and choose a mortgage that matches your finances perfectly.

With a mortgage in hand, you can enter the housing market with realistic property buying expectations. You also may be able to narrow your home search, and as such, speed up the process of purchasing your ideal house.

3. Your Homebuying Expertise

What do you know about the housing market? In most cases, homebuyers lack real estate expertise. However, working with a real estate agent ensures you can receive comprehensive support as you navigate a seller's market.

A real estate agent is a friendly, knowledgeable housing market professional, one who will go above and beyond the call of duty to assist you during the homebuying journey.

Typically, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. He or she will even provide honest, unbiased recommendations, guaranteeing you can get the expert insights you need to make informed homebuying decisions.

When it comes to exploring houses in a seller's market, why should you be forced to leave anything to chance? Consider the aforementioned factors closely, and you can improve your chances of acquiring a stellar home without having to break your budget.




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Posted by Kathryn Varjian Ferrazzi on 1/10/2018

Purchasing a home is a large investment and not one that anyone should make on a whim. Itís important to understand your maximum budget but also what you are comfortable spending, which may not be the same number as your maximum budget. But itís also important to fully understand the hidden costs that come with owning a home. Your mortgage payment is not the only payment you will be making each month and itís certainly not the only cost associated with owning a home. Letís take a look at some hidden costs listed below: Home Insurance: Insurance is something that you may know you need, but not a cost you are thinking about when house hunting. Therefore, the cost can sneak up on you. Be sure to factor in this cost, as it will be associated with your homeís location, age and value. For example, you are going to pay more if you live in an area that is prone to natural disasters such as floods or tornadoes. Home furnishings: Is this your first home or, at least, your first home that you would like to furnish with new furniture not hand-me-downs or a couch from craigslist? There also may be items that you need for this home that you did not need in your apartment such as a dining room table or spare bedroom bed frame and mattress. Furnishing your home can be a large expense and one that you should be saving up for. You donít need to go out and spend thousands on each item and you may want to spread out your purchases, but this is a very important cost to consider when purchasing a home. Appearance: When you purchase a home there may be things about the house that you want to change or update. This is something that not many factor in when buying the home as they are so wrapped up in the process of purchasing. However, even small updates cost money and if you spend all of your money on the down payment, you will not have any leftover to make those updates to make the home truly yours. Maintenance: If you previously rented, then maintenance is not something that you had to handle, as that is what your landlord was for. However, when you buy a home all maintenance and repairs fall on you. If you are purchasing an older home itís extremely important to understand what needs to be updated or replaced now or in the near future, such as the water heater, furnace or roof. Itís possible that you may get the previous homeowner to take care of this if itís in need at the time of selling, but if these updates/replacements take place a couple years down the road then itís up to you to take care of it. There is also the general maintenance of your home such as landscaping and snow removal. Will you purchase your own equipment or hire a service? Either way, this is an additional expense. Utilities: Often times many utilities are included in your rent. Well, this is not the case when owning a home. If the home does not have a septic system then you will need to pay for water and sewerage. You will have to pay for your own cable, Internet, and phone, and letís not forget about electricity. Itís important to understand all of the utilities that you will have to pay when you purchase a home. Property Taxes: Property taxes vary by town, but will always be an additional cost when owning a home. And, this cost will increase if you make additions or significant updates to your home. More desirable/expensive locations will have higher property taxes. This is often a cost that catches many off guard so be sure to research the locations where you are house hunting to see if you can afford the property taxes on top of all of the other associated costs. This is not meant to discourage anyone but shed light on the costs that many do not consider when they are house hunting. Make sure your budget allows for your mortgage payment and the expenses listed above that are tailored to your situation and you will have no problem becoming and staying a homeowner.





Posted by Kathryn Varjian Ferrazzi on 9/20/2017

Buying a house may prove to be a long, complex journey, especially for a first-time homebuyer who decides to pursue a residence on his or her own. Fortunately, many real estate agents are available to help first-time homebuyers make their homeownership dreams come true.

Now, let's take a look at three tips that first-time homebuyers can use to find the right real estate agent in any housing market, at any time.

1. Go Beyond a Web Search

In many instances, it is easy to conduct a web search of real estate agents in a city or town. However, a diligent first-time homebuyer will know to look beyond a simple web search to discover the ideal real estate agent.

Take a look at a real estate agent's website. By doing so, a homebuyer can learn about a real estate agent's industry accomplishments and experience.

Also, don't hesitate to contact a real estate agent's office directly. This enables a homebuyer to have a brief conversation with a real estate agent and find out exactly what this housing market professional is all about.

2. Host a Face-to-Face Meeting

A face-to-face meeting may prove to be exceedingly valuable for both a first-time homebuyer and a real estate agent, and for good reason.

During a face-to-face meeting, a homebuyer can ask questions and learn about a real estate agent's industry expertise. Plus, a homebuyer can receive comprehensive insights into what it will take to acquire a top-notch residence at a budget-friendly price.

Meanwhile, a face-to-face meeting helps a real estate agent learn about a homebuyer's goals. A homebuyer can provide information about what he or she wants in a dream home, and a real estate agent can offer details about what a homebuyer should expect at each stage of the property buying journey.

3. Receive Client Referrals

Although a first-time homebuyer may feel comfortable with hiring a real estate agent after a face-to-face meeting, it is always better to err on the side of caution. Thus, a homebuyer who requests client referrals from a real estate agent ensures that he or she can make the best possible decision.

A real estate agent should have no trouble providing you with multiple client referrals. Then, you can reach out to this housing professional's past clients to find out how he or she has helped homebuyers achieve their desired results.

Spend some time reaching out to a real estate agent's past clients Ė you'll be happy you did. With additional client insights at your disposal, you can improve your chances of choosing the perfect real estate agent.

Lastly, it is important to remember that a real estate agent should be available to guide you along the homebuying journey. This housing market professional boasts in-depth industry experience, and as such, can share deep insights to help you make informed decisions as you go from homebuyer to homeowner.

Take advantage of the aforementioned tips, and a first-time homebuyer can employ a first-rate real estate agent and gain unparalleled support throughout the homebuying cycle.




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