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


Posted by John Colby on 1/17/2021


 Photo by Steven Buissinne via Pixabay

Buying a luxury penthouse isn’t just about finding one perfect thing about it. Several other factors come into play when deciding where you might live for many years. If everything isn’t just right, you may end up with buyer’s remorse. Buying a penthouse is different from buying a house in that you have to share several features with others.

Location

The most important part about finding a great luxury penthouse is the location. You could have a luxury penthouse in a part of town that isn’t the best. While you might be safe in the building and your penthouse, your vehicle might not be quite as safe. And, when you have guests, you don’t want the outside of the building and the area around the building to look trashy, even though the inside is ultra-luxurious.

View

The view goes right along with the location. You are paying top dollar for the penthouse. You should have some benefits for the price you pay, even if money is no object. A building might have a great view on one side, but if your penthouse is not on that side of the building, you won’t get the view. Be sure the view isn’t overlooking a bad part of the city. Not only will you be looking at an eyesore, but the sounds and smells could keep you from enjoying the penthouse.

Balcony

Your penthouse should have a good-sized balcony. If you want to grill out or just sit outside and get some fresh air, you won’t have to go all the way downstairs to do it. The balcony should have a sturdy railing, the cement or wood should be in good condition and it should not smell. Previous owners could have let their animals out to do their business on the balcony instead of walking them.

The Floor Plan

As with buying a house, a penthouse should have a floor plan that is perfect for you. If you enjoy entertaining, pick a floor plan that has enough space, preferably an open plan for the living room, kitchen and dining room. A split floor plan is also nice, as it separates the master from the other bedrooms and gives you privacy whether you have kids or have guests that stay over. If you have guests that stay over, you might look for a floor plan that includes more than one master suite.

Convenient Parking

In some cases, a penthouse may not have convenient parking, whether the parking is outside or in an adjacent building. The penthouse you choose should have parking in your building. Also, management should allocate plenty of parking for guests. You would need at least two spaces for yourself if you have a family and drive two vehicles. Guest parking should also be in the same building.




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Posted by John Colby on 10/25/2020

For a first-time homebuyer, it is important to realize that a home seller's acceptance of your initial offer provides no guarantees. In fact, a homebuyer will still need to complete a home inspection before a home sale is finalized.

A home inspection is a valuable opportunity to learn about any potential issues with a house. After the inspection is finished, a homebuyer has the opportunity to submit a counter-proposal, rescind a proposal or keep his or her current offer intact.

Ultimately, hiring the right home inspector can make a world of difference for a homebuyer. With an expert home inspector at your side, a homebuyer can gain insights into a house's pros and cons and determine whether a house is a viable long-term investment.

So what does it take to employ the right home inspector? Here are three tips to help a first-time homebuyer do just that.

1. Conduct an Extensive Search

Search far and wide for a home inspector – you'll be glad you did. If you allocate the necessary time and resources to locate a skilled home inspector in your area, you can boost your chances of identifying potential home problems before you complete a home purchase.

A first-time homebuyer can begin a search for an expert home inspector online. A simple web search is sure to provide plenty of results, and a homebuyer then can perform an in-depth review of local home inspectors' credentials.

Furthermore, don't hesitate to ask family members and friends for assistance. If a loved one recently sold a house and had a great experience with a home inspector, it may be worthwhile to hire this same professional to perform your home inspection.

2. Look at a Home Inspector's Background

How many years of industry experience does a home inspector have? What are past clients saying about a home inspector? And how does a home inspector approach each job? These are some of the questions that a first-time homebuyer should consider as he or she assesses a home inspector's background.

In addition, a homebuyer can always reach out to a home inspector directly to learn more about this professional's experience. A face-to-face or phone conversation with a home inspector may require only a few minutes to complete and can help a homebuyer make an informed decision.

3. Consult with a Real Estate Agent

A real estate agent can help you discover your dream house as well as put you in touch with the top home inspectors in your area. As a result, this housing market professional will ensure you can purchase a first-rate house that matches or exceeds your expectations.

If you're uncertain about whether to hire a particular home inspector, it never hurts to consult with a real estate agent. By doing so, you can gain honest, unbiased tips to determine whether a home inspector is the right person to evaluate your residence.

Employ the best home inspector prior to completing your home purchase – use these tips, and a first-time homebuyer should have no trouble hiring a superior home inspector.




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Posted by John Colby on 10/18/2020

A home showing enables a property buyer to get an up-close look at a residence. After a showing, a property buyer can determine whether a house matches his or her expectations. And if a property buyer likes a house, he or she may be ready to take the next step in the homebuying journey.

Ultimately, a showing is crucial for a property buyer. And if you fail to plan accordingly for a home showing, you risk missing out on the opportunity to identify your ideal residence. Lucky for you, we're here to help you get ready for a house showing and ensure you can use this opportunity to your advantage.

Let's take a look at three tips to help you prepare for a house showing.

1. Create a Checklist

You may have already learned about a home from a listing. However, there is only so much information available in a home listing. But if you craft a checklist prior to a house showing, you'll be better equipped than ever before to get the insights you need to determine if a home is right for you.

Include any questions you have about a home in your house showing checklist. Also, you may want to include areas of a home you want to review during a showing in your checklist.

2. Give Yourself Plenty of Time

There is no reason to rush through a home showing. Because if you fail to allocate the proper amount of time to conduct a showing, you may struggle to obtain the insights you need to make an informed decision about a house.

Clear your schedule for at least an hour before and after a showing – you'll be glad you did. This should give you sufficient time to arrive at a home and take an in-depth look at all areas of the property.

Of course, if you find that one home showing is insufficient, there is no need to stress. You can always schedule a follow-up showing to further review a residence.

3. Consult with a Real Estate Agent

A real estate agent can teach you everything you need to know about buying a house. Plus, he or she can help you get the most out of any home showing, at any time.

Typically, a real estate agent will attend a house showing with you. He or she can provide home insights as you walk around a residence and respond to your property buying concerns or questions. In addition, a real estate agent is happy to provide homebuying recommendations and suggestions. And if you're ready to submit an offer to purchase a home following a showing, a real estate agent can help you do just that.

As you get set to attend a home showing, you should prepare as much as you can. Thanks to the aforementioned tips, you can get ready for a home showing and use this opportunity to decide whether a particular residence will be able to serve you well for years to come.




Tags: Buying a home   showing  
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Posted by John Colby on 8/16/2020

House hunting can be enjoyable but becomes overwhelming pretty quickly. After looking at many different houses, they can all start to look the same. It’s hard to remember what homes had what features. In order to make a right decision on which home to make an offer on, you’ll need to remember the details of each house. Read on for tips to help you house hunt like a pro.


Keep Track Of The Homes You Have Looked At


Whether you’re doing simple online searches or touring open houses, it’s easy for your mind to get jumbled as to what you have seen. It’s a good idea to keep a record of homes with their addresses as to where they are located, the color of the house, and the desirable features contained within the home. This way, you can have an overall picture of what you want. 


Know What Features Are Important 


You should make a list of everything you’re looking for in a home before you even start searching. Include things like:


  • The price range
  • How big of a house you’re looking for
  • How many bedrooms
  • How many bathrooms
  • Additional features like walk-in closets
  • Eat-in kitchen or dining room
  • What type of home you’re looking for
  • How many stories you want the home to be



You can then branch off from the essentials on the list adding other desirable features in a property like a pool, a jacuzzi, a large backyard, or a fireplace. Then, you should make a list prioritizing what is the most important to you in your home search. Things like the number of bedrooms and the size of the home will be a higher priority than a jacuzzi tub. 


Look At Your Commute


One of the most significant factors in finding a home is how far it is from your workplace. The closer you are to work, the less stressful your life will be. If you take the train or a bus to work, it may be easier to live close to a station or stop. On the flip side, to be closer to work what are you sacrificing? Are you close to schools, parks, stores, and other regularly visited spots? See what locations suit your lifestyle.


Review What You’ve Looked At

Once you have done your research and decided what you need and want, it’s time to make comparisons. Look at the prices of each home and see what they have to offer for the money. Once you decide the price and amenities are on par with your original wishlist, the house is a good candidate to put an offer on.             






Posted by John Colby on 8/2/2020

Let's face it – the mere thought of informing family members about your decision to pursue a new home may cause your blood pressure to rise. However, there are many reasons why it often is beneficial to notify family members about your decision to kick off a search for a new residence. These reasons include:

1. You can identify and address potential homebuying hurdles.

Your family typically has your best interests in mind. As such, family members can help you plan ahead for the homebuying journey and resolve any potential conflicts.

For example, family members can help you analyze prospective home financing options. They may even be able to put you in touch with local banks and credit unions that can help you get pre-approved for a mortgage. Then, once you have home financing in hand, you can enter the real estate market with a homebuying budget at your disposal.

2. You can gain homebuying insights that you may struggle to obtain elsewhere.

Family members who previously bought homes may be able to provide you with property buying insights that you probably won't receive elsewhere. With these insights, you'll be better equipped than ever before to understand the housing market and make the best-possible homebuying decision based on your individual needs.

Of course, family members may be able to keep you informed about new houses that become available in your preferred cities and towns too. Because if family members know where you want to find a home, they can help you accelerate your property search.

3. You can receive plenty of support throughout the homebuying journey.

Your family is there for you during good times and bad. If you inform family members about your decision to pursue a new home, they can provide you with comprehensive support throughout the property buying journey. As a result, family members can work with you to help you achieve your desired homebuying results in no time at all.

When it comes to getting help in your quest to discover your dream house, you may want to hire a real estate agent as well. If you have a real estate agent at your side, you can receive expert assistance as you proceed along the homebuying journey.

A real estate agent is committed to helping you find a great home at a budget-friendly price. First, he or she will meet with you and learn about your homebuying criteria. A real estate agent next will craft a personalized homebuying strategy and notify you about new homes that become available that match your property buying criteria. And once you discover your dream residence, a real estate agent will help you put together a competitive offer to purchase this house. Lastly, if your homebuying proposal is accepted, a real estate agent will help you finalize your home purchase so you close on this residence and move into your new house.

Take the guesswork out of buying a house – hire a real estate agent today, and you can seamlessly navigate the homebuying journey.




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