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


Posted by John Colby on 8/22/2021

If you intend to buy a house in the foreseeable future, it pays to prepare. That way, you can enter the real estate market as an "extraordinary" homebuyer, i.e. someone who knows exactly what it takes to find a great house at an outstanding price.

Now, let's take a look at three tips to help any homebuyer go from ordinary to extraordinary.

1. Learn the Ins and Outs of the Housing Sector

The real estate market is complex, particularly for someone who is pursuing a house for the first time. Fortunately, plenty of housing market data is available that can help you gain the insights that you need to make an informed home purchase.

Take a look at homes that are currently available in your city or town. By doing so, you can better understand the prices of houses that match your expectations. Then, you can tailor your home search accordingly.

Furthermore, don't forget to assess the prices of recently sold residences in your area. This housing market data will help you determine whether you're about to enter a real estate market that favors buyers or sellers.

2. Get Your Finances in Order

Meet with banks and credit unions to learn about your mortgage options you'll be glad you did. If you get pre-approved for a mortgage, you can begin your home search with a budget in hand, thereby reducing the temptation to spend too much on a house.

Lenders are happy to provide you with information about a broad range of mortgage options. Also, if you ever have mortgage questions, lenders employ friendly, professionally trained mortgage specialists who are ready to respond to your queries.

In addition, it usually is a good idea to evaluate your credit score prior to applying for a mortgage.

You can obtain a free annual copy of your credit report from each of the three credit reporting bureaus (Equifax, Experian and TransUnion). If you review your credit report closely, you can identify and resolve any potential credit problems and increase the likelihood that you can obtain a favorable mortgage.

3. Work with a Real Estate Agent

When it comes to becoming an extraordinary homebuyer, it is important to note that it can be difficult for even the most diligent homebuyer to succeed on his or her own. However, if you employ an expert real estate agent, you can streamline the process of acquiring your dream residence.

A real estate agent is committed to your homebuying success, and as such, will do everything possible to help you find the perfect residence.

Typically, a real estate agent will set up home showings, negotiate with a seller's agent on your behalf and provide honest, unbiased homebuying recommendations. This housing market professional will even help you alleviate homebuying stress and ensure that you can quickly go from homebuyer to homeowner.

Ready to embark on the homebuying journey? Use the aforementioned tips, and you can become an extraordinary homebuyer in no time at all.




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Posted by John Colby on 6/27/2021

As a homebuyer, you likely will want to do everything possible to secure your dream house at a budget-friendly price. Yet for those who are dealing with an aggressive property seller, achieving the optimal results may prove to be challenging.

Lucky for you, we're here to help you simplify the homebuying process so you can acquire your ideal residence at an affordable price even if you're forced to deal with an aggressive home seller.

Now, let's take a look at three tips to help you deal with an aggressive property seller and accomplish your desired homebuying results.

1. Remain Patient

It may be tough to deal with an aggressive home seller at times, but those who stay the course can buy a house that matches or exceeds their expectations.

Remember, a patient homebuyer generally is a happy homebuyer. If a buyer avoids rash decisions and remains calm, cool and collected when dealing with an aggressive seller, he or she can boost the likelihood of making the best-possible choices throughout the property buying journey.

2. Focused on Your Desired Results

The ultimate goal of the homebuying journey is to find and buy a house that you can enjoy for years to come. In some instances, an aggressive seller may make it difficult for you to accomplish your goal. But if you prioritize the end results of the homebuying journey, you may be better equipped than others to secure a terrific residence.

If you focus on the big picture, you may be able to reduce the risk that minor issues with an aggressive home seller could slow down the property buying journey. And if you do whatever it takes to achieve your desired homebuying results, you may be able to find unique solutions to various problems.

Don't forget to maintain open communication with a seller. If you open the lines of communication with a seller, both you and a seller can work together to ensure all parties are satisfied with the results of a home sale.

3. Hire a Real Estate Agent

If you're uncertain about how to deal with an aggressive seller, you may want to hire a real estate agent. That way, you'll have an expert negotiator at your disposal.

A real estate agent is happy to negotiate with a home seller and his or her agent on your behalf. By doing so, a real estate agent will minimize the risk of potential property buying delays.

Let's not forget about the frequent updates that a real estate agent provides during a negotiation with a property seller, either. A real estate agent will keep you informed about seller negotiations and ensure you can move along the homebuying cycle. And if you ever have concerns or questions during the homebuying journey, a real estate agent is ready to respond to them at your convenience.

Manage the homebuying journey like never before use the aforementioned tips, and you can avoid the headaches commonly associated with dealing with an aggressive property seller.




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Posted by John Colby on 4/18/2021

As a homebuyer, it is important to set high expectations. At the same time, a homebuyer must act reasonably, or he or she risks missing out on a golden opportunity to acquire the perfect residence.

Ultimately, becoming a reasonable homebuyer can be quick and easy here are three tips to help you do just that.

1. Establish Realistic Expectations for the Homebuying Journey

The homebuying journey sometimes can take weeks or months to complete, and a homebuyer should plan accordingly. By doing so, a homebuyer can prepare for any potential homebuying pitfalls.

For example, a homebuyer may submit an offer on a home and receive a "Yes" from a home seller. But if a home inspector discovers myriad problems with a residence, a homebuyer may need to walk away from the house and restart the homebuying journey.

In the aforementioned scenario, a homebuyer may become frustrated and annoyed, and for good reason. Conversely, if a homebuyer understands the challenges associated with buying a house, he or she can plan for the best- and worst-case scenarios.

2. Search for Homes That Fall Within Your Price Range

Have you established a budget for your home search? If not, you may wind up focusing on houses that you won't be able to afford.

Get pre-approved for a home loan you'll be glad you did. With a home loan in hand, you can enter the real estate market with a homebuying budget. Then, you'll be able to narrow your home search to houses that fall within your price range, thereby speeding up your search for the ideal residence.

It won't take long to get pre-approved for a home loan, either. In fact, if you meet with local banks and credit unions, you can instantly learn about a variety of home loan options.

3. Collaborate with a Real Estate Agent

Although you know that you want to buy a house, you have no idea what to expect during the homebuying journey. Fortunately, if you hire a real estate agent, you can learn what it takes to stay calm, cool and collected as you search for a house.

A real estate agent is a housing market expert who takes pride in his or her work. As such, a real estate agent will be available to respond to your homebuying concerns and questions, ensuring that you can make an informed home purchase.

Perhaps best of all, a real estate agent will go above and beyond the call of duty to eliminate homebuying hurdles.

For instance, a real estate agent is happy to negotiate with a seller's agent on your behalf, guaranteeing that you can avoid the stress of negotiating a home price. Or, if you need help finding a qualified home inspector, real estate attorney or other local professionals, your real estate agent can provide honest, unbiased recommendations.

Be reasonable as you kick off your search for your dream residence. That way, you can seamlessly navigate the homebuying journey and improve your chances of acquiring a house that matches or exceeds your expectations.




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Posted by John Colby on 3/14/2021

Image by S K from Pixabay

Buying a new home can be an exciting experience. Unfortunately, the closing can seem a little daunting if you are unsure about what to expect during the closing process. Below is a simple guide as to what you can expect during the closing of your first home.

Knowing How Long the Process May Take

The process of closing a house is a complicated one and can take some time to perform properly. Don't expect to be able to move in shortly after your offer is accepted. If the seller does not request a longer escrow period, it can still take up to 41 days for the closing process to be completed. This length of time is typically the result of delays in the process, with the most common types of delays including transactional and financing issues. 

Knowing Who Will Be Present During the Closing

While you may obviously expect both the seller and your's and their real estate agents to be present, there are also other officials who will need to be included in the process. There will be a representative from the title company, the lender who is providing the financing and a closing agent who will be brought by either the title company or the lender. Depending on the level of complication of the transaction, an attorney for you or the seller may be present as well.

Understanding Which Documents You Will Be Expected to Look At

You will be presented with a number of key documents during the actual closing and will be required to sign a number as well. The amount of paperwork can seem overwhelming, but your agent, the finance company and a representative from the title company will be there to answer any questions that you may have about each of the documents. You can better prepare yourself by understanding the purpose of each document before they are presented to you. Documents you are likely to see during the closing process include:

  • Loan Estimate: The loan estimate will include the terms of the loan, the interest rate and detailed closing costs. You will be expected to verify that all the information in the document is correct.
  • Closing Disclosure: This will outline the details of your mortgage, and you will be able to see the document before the closing, so any changes can be made if necessary.
  • Escrow Statement: The statement will detail the payments that will be made from the escrow account during the first year of the mortgage from your lender. It will include taxes and insurance. 
  • Mortgage Note: This is your promise to repair the mortgage and what steps the lender can take if you fail to make payment. 
  • Deed: The deed to the property will provide the lender's claim against your home if you fail to pay. 

If you are unsure about any of the closing process, talk to your real estate agent, so there are no surprises, and your closing can proceed as smoothly as possible. 




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Posted by John Colby on 3/7/2021

A homebuying plan is a must-have, particularly for those who want to enjoy a successful property buying experience. Lucky for you, there are many things you can do to execute a homebuying plan to perfection.

Now, let's take a look at three tips to help you put your homebuying plan into action and achieve the best-possible results during the property buying journey.

1. Establish Realistic Homebuying Goals

As you craft your homebuying plan, it generally is a good idea to establish milestones. That way, you can take a step-by-step approach to go from homebuyer to homeowner.

Of course, it is paramount to set realistic homebuying goals. Think about why you are pursuing a home in the first place, and you can map out your homebuying plan accordingly.

It may be beneficial to hone your home search as well. If you narrow your house search to a select group of cities and towns, you may be better equipped than ever before to streamline the homebuying journey.

2. Maintain Flexibility

Although you may devote many hours to craft an effective homebuying strategy, it is important to remember that problems may arise as you search for your dream residence. Fortunately, if you maintain flexibility, you will be ready to adjust your homebuying plan as needed.

If you have to modify your homebuying strategy, there is no need to worry. Instead, adjust your plan and continue your pursuit of your ideal residence. Because if you are flexible as you search for your dream home, you can minimize stress and boost the likelihood of discovering a residence that may serve you well for an extended period of time.

3. Collaborate with a Real Estate Agent

When it comes to developing and executing a homebuying plan, you do not have to work alone. In fact, you can hire a real estate agent who is happy to help you find and purchase a terrific residence at an affordable price.

By consulting with a real estate agent, you can receive expert homebuying support. A real estate agent knows what it takes to acquire a first-rate home at a budget-friendly price, and as such, will work with you to ensure your homeownership dream can come true.

If you are unsure about where to search for homes, for example, a real estate agent can help you determine where to pursue residences. He or she also can help you get in touch with banks and credit unions so you can obtain home financing. Plus, a real estate agent is ready to help you submit an offer to purchase your dream residence. And if you have concerns or questions during the homebuying journey, a real estate agent is prepared to respond to them too.

For those who want to seamlessly navigate the homebuying journey, you may want to craft a property buying plan. Thanks to the aforementioned tips, you can get the most out of a homebuying strategy and ensure you can quickly find your dream residence.




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