John Colby
Colby Realty | 978-249-5871 | [email protected]


Posted by John Colby on 6/28/2020

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.




Categories: Uncategorized  


Posted by John Colby on 6/21/2020

Although you might have entered the housing market with a strategy to help you streamline your search for your dream home, it is important to remember that even the best-laid plan may need to be changed. And if you fail to discover your ideal residence after a comprehensive search, now may be a great time to revise your homebuying strategy.

Let's take a look at three tips to help you revamp your homebuying plan.

1. Consider Your Home Must-Haves and Wants

Creating a list of home must-haves and wants may be done at the start of a house search. Over time, however, this list may evolve. And if you update your list, you may be better equipped than ever before to reenter the real estate market with a fresh perspective.

Think about where you want to live in the foreseeable future too. Then, you can narrow your home search to specific cities and towns and accelerate the homebuying journey.

2. Review Your Budget

If you recently paid off your student loans or eliminated your credit cards, you may want to reassess your homebuying budget. That way, you can hone your house search and explore residences that fall within your up-to-date price range.

Of course, if you have yet to get pre-approved for a mortgage, you can still do so. Meet with banks and credit unions to learn about all of the mortgage options that are available. This will enable you to gain the insights you need to select a mortgage that matches your finances.

3. Learn About the Housing Market

The housing market may favor buyers or sellers. And if you have been searching for your dream home for several weeks or months, the market may have changed.

It does not take long for a buyer's market to become a seller's market, or vice-versa. As you consider your homebuying options, you should study the local real estate sector closely to determine whether the current housing market favors buyers or sellers.

Evaluating the prices of recently sold houses in a particular city or town usually is a good idea. This housing market data will enable you to find out whether sellers are receiving offers at or near their initial home asking prices.

You also should find out how long current residences in a particular city or town have been listed. If houses linger on the real estate market for an extended period of time, you may be operating in a market that favors buyers. Or, if homes are selling quickly, you may be operating in a seller's market.

Lastly, hiring a real estate agent often is helpful, particularly for homebuyers who are struggling to identify the perfect residence. A real estate agent can offer lots of tips as you conduct your search for your dream residence. Plus, if you need to revamp your homebuying strategy, a real estate agent will make it easy for you to do just that.




Categories: Uncategorized  


Posted by John Colby on 6/14/2020

Image by Burst from Pexels

Buying a home is an exciting time. As you start to comb through listings and decide you’re ready to take the plunge to purchase, you’ll want to pursue getting pre-approved for a mortgage. This way, you'll know how much you're approved for and can shop for homes within your price range. Additionally, having a pre-approval boosts your chances of having your offer accepted once you’ve found a house you want to buy. If you aren't already pre-approved, this delays your ability to put in a bid, which means someone else may be the one moving into your dream home.

To get yourself qualified for a mortgage, it’s a good idea to shop around for rates. Many people find they do best with a credit union, however, there are some drawbacks you might want to consider before making your decision of the type of lender you want to work with.

Credit Unions Require a Membership

Unlike traditional banks, credit unions aren’t open to everyone to use. To apply for a mortgage through a credit union, you’ll have to join as a member. The drawback is not just anyone can join. To qualify for membership, you’ll have to be affiliated with a specified organization or meet other designated criteria set by the credit union’s guidelines.

Many people find they are successfully able to locate a credit union they are eligible to join, but it’s not a given. To check to see if you meet the criteria for membership to a credit union near you, check MyCreditunion.gov.

Fewer Branch Networks

Credit unions are community-based non-credit entities. As a result, most of them are geographically concentrated and operate with fewer branches than traditional banks. This means your options may be extremely limited if you want in-person service.

Having a physical branch to visit when you want to resolve problems is a convenience many people often want when working with a financial institution. Consider how important this access to your lender would be to you. If you’re comfortable with strictly phone contact or online options (which might also be limited, depending on the size of the credit union), in-person access may not be an issue for you.

Limited Financing Options

Larger commercial banks typically have a broad range of financing options. While you might find a good rate at a credit union, you’ll typically find far fewer product offerings than you would at a larger bank.

Depending on your individual credit and financial standing, a credit union may not be able to offer you the best interest rates on a mortgage. Additionally, since they are smaller entities, they don’t always have nearly as much cash on hand as traditional banks, which means they might be limited in the number of mortgages they can approve at a given time.

When shopping for lenders to pre-approve you for a mortgage, you have many options between traditional banks, credit unions, mortgage banks and mortgage brokers. If you diligently do your homework, it’ll empower you to find a lender that can meet your financing needs.




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Posted by John Colby on 6/7/2020

Photo by James Balensiefen via Unsplash

An outdoor entrance that provides an attractive, welcoming appearance not only has the ability to enhance the curb appeal of your property, it also makes household residents and visitors with a warm visual reception to your home. You probably already know that hanging baskets and planters brimming with blooming flowers provide vibrant accents from spring through autumn, but entryways need more than flowers, particularly during late autumn, winter, and early spring. Here's what you can do to keep your outdoor entry area looking pulled together and appealing no matter what the season.

Plant Evergreens

Whether you place a dwarf spruce or Norfolk pine in a planter or plant arborvitae or another upright conifer tree in the ground near your steps, some kind of greenery is usually necessary to make an outdoor entryway look fully dressed. It also helps keep a bit of color going during the cold season. As an added bonus, you can decorate your evergreens with holiday lights and other embellishments during the celebratory season.

Create a Small Seating Area

Even if all you've got is a set of steps leading to a tiny landing, try to find room for a chair or a bench. This is functional as well as welcoming because it provides a place for people to sit and remove outer footwear before entering the home or to simply sit and relax for a minute or two before going inside after a long day at work. If you've got the room, a small bistro set made from weather-resistant materials adds a nice touch and provides a fun way to enjoy a casual family meal or round of beverages.

Install an Exposed Aggregate Walkway

Exposed aggregate walkways do double duty by serving as a highly attractive introduction to your home and providing a slip-proof surface that helps keep household residents and guests safe from potentially harmful slip-and-fall accidents. You can get as creative as you like with these and use aggregates in a variety of colors or simply stick with an understated, monochromatic look. For instance, you can use agate aggregate for a multicolored effect and oyster shell aggregate for a lustrous look. Add ground-level solar lights along the sides to show it off after dark.

Other ideas for creating a fabulous outdoor entryway include hanging a decorative door with features such as carved floral accents or stained glass, putting down rustic outdoor rugs  in front of the door, and placing accent items such as basketry or statuary on each side of the door. Have fun with it and don't be afraid to put some personality into it.

Please feel free to reach out to us for more advice on making the most of your home's appearance.




Categories: Uncategorized  


Posted by John Colby on 5/31/2020

Photo by Bonnie Kittle on Unsplash

Tired of looking at a dated bathroom day after day but dread updating it knowing the average remodeled bathroom will set you back thousands of dollars? Even if you don’t have the budget for a complete makeover, there are several DIY ways you can update your bathroom.

1. Paint Tub & Tile

For many homeowners, the most outdated area of their bathrooms is the tub and shower. The good news is if your tub and tiles are in good shape, you don’t necessarily need to remove them—simply give them a refresh.

  • Thoroughly clean tub and tile.
  • Purchase a prepackaged tub and tile kit—it’ll give you a list of supplies and tools and the right epoxy, along with detailed instructions.
  • Sand down all tub and tile surfaces so you establish a good clean base for adhesion.
  • Use quality paint designed for this type of project.
  • Thoroughly ventilate your working area.
  • Give your tub a good amount of curing time before running a bath.

This project is a little trickier than simply painting walls, but with patience and know-how, you can give your old bathroom a completely brand-new look.

2. Refinish a Dated Vanity

If your bathroom vanity looks like it came straight out of the 1980s, you can easily remedy this by refinishing it.

  • Remove all hardware, drawers and the cabinet door; put them aside to paint separately.
  • Gently sand down the vanity's surface and then clean off any dirt, dust or grime.
  • Using smooth strokes with a brush or roller (you can test to see which looks better), paint the vanity’s surface and let it thoroughly dry.

Once your newly painted drawers and cabinet door are completely dry, reattach your hardware and add on some sparkling new knobs. Voila!

3. Update Your Lighting

Many homeowners find they can easily swap out old fixtures for new ones and see their bathrooms in a whole new light. Or you can get crafty and create your own. Popular styles include:

  • Pendant lights.
  • Mason jar sconces.
  • 3 or 4 bulb bath bar.
  • Lighting can make or break a room. If you're seeking a more modern look, look to change out your fixtures.

    4. Create a Unique Bathmat

    Sometimes it’s the simple touches that add flair to a room. One easy thing you can do is ditch the regular bathmat and create one out of cedar strips. Cedar is great since it’s water-resistant and it gives your bathroom a spa-like vibe. You’ll need a 1x6x10 cedar board, measuring tape, circular saw, table saw, wood glue and teak oil.

  • Cut your board into three pieces with your circular saw for the desired length.
  • Using the remaining wood, cut out three support pieces.
  • Thoroughly sand all pieces and then position them to your liking.
  • Glue pieces in the position you choose and then nail them together.
  • Once you’ve put your cedar bath mat together, allow it time to completely dry before using it.

    Giving your old bathroom a facelift, or even some new bling, can do wonders for its appearance. Identify your pain points, apply an update and see what a difference even the smallest changes can make.







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