Kevin Durkin - LAER Realty Partners | Lowell, MA Real Estate, Dracut, MA Real Estate,Durkinsells,


For first-time homebuyers, going from property buyer to property owner may seem virtually impossible. Lucky for you, we're here to help you take the guesswork out of buying a home.

Now, let's take a look at three questions that every first-time homebuyer needs to consider:

1. What is my "dream" residence?

One first-time homebuyer's definition of a "dream" residence may differ from another's. As such, you should consider what you'd like to find in a dream house before you begin your real estate search.

Creating a checklist of "must-haves" and "wants" in your house often serves as a great starting point for first-time homebuyers. This checklist will enable homebuyers to consider what they'd like to find in a dream home and plan accordingly.

Also, it is important to establish realistic expectations before you kick off a home search.

Many terrific houses are available in cities and towns nationwide, but no home is likely to have every feature that you desire in a dream residence.

Therefore, if you establish realistic expectations for your home search, you can avoid potential let-downs as you explore a broad array of high-quality houses.

2. How will I pay for a home?

Getting pre-approved for a mortgage is vital for a first-time homebuyer, and for good reason. With pre-approval for a mortgage, you'll know what you can afford to spend on a home before you enter the real estate market.

Many banks and credit unions are happy to meet with you to discuss your mortgage options. These lenders can outline the differences between adjustable- and fixed-rate mortgages, help you assess your credit score and ensure you can make an informed mortgage decision.

Furthermore, lenders can answer any mortgage questions that you may have. They can help you evaluate your current financial situation and enable you to obtain a mortgage that won't force you to revamp your day-to-day budget.

3. How do I begin searching for a house?

Beginning a home search is easy, particularly for first-time homebuyers who work with expert real estate agents.

An expert real estate agent understands what it takes to find a wonderful house at a budget-friendly price. In fact, he or she will do everything possible to help you navigate the housing market quickly and effortlessly.

Typically, an expert real estate agent will keep you up to date about new homes as they become available, set up home showings and submit home offers on your behalf. This housing market professional also will offer honest, unbiased recommendations throughout the homebuying journey to help you select a house that matches or exceeds your expectations.

When it comes to exploring the housing market, there is no need to work alone. Fortunately, you can hire an expert real estate agent who can help you get the best results possible during the homebuying journey.

Want to acquire your first home? Use the aforementioned tips, and you can move one step closer to owning a top-notch house.


If you've conducted an in-depth search for your dream house but still have yet to find your ideal residence, there is no need to worry. In fact, you can revisit your homebuying strategy and revise it as needed. This will allow you to restart your house search and increase the likelihood that you'll discover your dream home sooner rather than later.

Ultimately, there are many reasons to revisit your homebuying strategy, and these include:

1. You can consider why you're searching for a house.

There are many reasons why an individual may choose to buy a home. By revisiting your homebuying strategy, you can think about why you want to purchase a house and proceed accordingly.

For example, if your initial goal was to buy a home near the top schools in a particular city or town, you may want to refocus your house search to achieve the optimal results. Or, if you now find that you'd prefer to own a house in a big city instead of a small town, you can update your house search.

2. You can evaluate your home must-haves and wants.

After attending open house events and home showings, your homebuying criteria may have changed. As such, now may be a good time to revisit your homebuying strategy so you can update these criteria.

Think about things you've liked and disliked as you've viewed various available houses. You can use your open house and home showing experiences to revamp your home must-haves and wants, and as a result, reenter the housing market with a fresh perspective.

3. You can review where you want to live.

As you've searched for homes, you may have found that houses in certain cities and towns are more appealing than other residences. Thus, you can revise your homebuying strategy to focus on residences in your preferred cities and towns. This will help you accelerate your house search and ensure you can find a home in a city or town where you want to live.

Of course, conducting a home search on your own often can be difficult. But if you hire a real estate agent, you can receive plenty of support throughout the homebuying journey.

A real estate agent understands exactly what it takes to find a great residence in any city or town. He or she can help you revamp your homebuying strategy and streamline your house search.

In addition, a real estate agent will set up home showings, keep you up to date about new houses that become available and help you navigate the homebuying cycle. Once you find your dream house, a real estate agent will make it easy to submit a competitive offer to purchase this residence. And if you ever have concerns or questions about purchasing a home, a real estate agent is ready to respond to them.

Revisit your homebuying strategy today, and you could move one step closer to finding and purchasing your ideal residence.


One of the worst mistakes you can make when looking for a new home is to allow yourself to become discouraged. Once that happens, your energy level drops, your optimism wavers, and your standards slide.

Searching for just the right house for you and your family may take longer than you expect, but success is often right around the corner! In the mean time, persistence and mental focus will help you get past the rough spots and detours. If you decide to work with a real estate buyers' agent, they will help keep you motivated, encouraged, and updated on new listings.

Although a certain amount of flexibility is necessary when you're in the market for a new home, there are advantages to having a clear picture in your mind of what you're looking for. There are a lot of factors that can play a role in your degree of happiness and comfort in a new home, and it's vital to recognize exactly what those key features and characteristics would be.

Here are a few things to mull over as you visit homes for sale and compare the pluses and minuses of each.

  • Location: In addition to seeking out a neighborhood that's convenient for shopping, commuting, and meeting your family's needs, it also pays to keep investment value in mind. While nobody can look into a crystal ball and say with absolute certainty that property values will increase in the foreseeable future, there are educated guesses and projections that can be made based on trends and available data. An experienced real estate agent can be one of your best resources in determining whether a neighborhood is growing or declining. Very often there are telltale signs that are worth paying close attention to when evaluating different homes for sale.
  • Architectural style: While many house hunters are only interested in features like square footage, lot size, and the quality of the school district, you may have preferences for specific architectural styles. Finding a house that conforms to your architectural preferences can make a big difference in your level of satisfaction. Although there are more than thirty different styles from which to choose, many people lean toward Colonial houses, Craftsman style homes, Contemporaries, Ranch houses, Tudors, Victorians (Queen Anne, for example), Cape Cods, Art Deco houses, Split Levels, and Bungalows. Other style possibilities include Dutch Colonials, Georgian-style houses, and Spanish-influenced architectures , such as the Monterey, Spanish Eclectic, and Pueblo. While some styles tend to be mostly confined to certain areas of the country, most communities have a wide array of architectural styles available to home buyers.
  • Condition of the Home: Some of a house's flaws are easy to spot, while others may require the expertise of a certified house inspector. The extent to which you're willing to make repairs, updates, and renovations to a new home will be one key factor that will determine which house is best for your needs, goals, and budget.
There are literally dozens of features, characteristics, and quality standards to keep in mind when shopping for a new home, but location, structural condition, and style are three factors that are well worth including on your priority list.

A home showing is a valuable opportunity for a buyer, as it enables him or her to walk through a residence and find out what a house is all about. At the same time, a single home showing may be insufficient.

Ultimately, there are many reasons why you may want to schedule a follow-up house showing, and these include:

1. You can get responses to any unanswered home questions.

A second home showing gives you the chance to gain additional insights into a residence. Thus, if you failed to get answers to certain home questions during an initial showing, you may want to schedule a follow-up showing.

Of course, it often helps to craft a list of questions prior to a showing. This list will help you learn about all aspects of a residence.

2. You can analyze any potential problem areas in-detail.

If you want to get a close look at various home issues, you may want to schedule a second showing. That way, you can assess these problems in-detail and determine your next step in the homebuying journey.

Sometimes, it helps to bring a home improvement professional with you during a house showing. If you have a friend or family member who is a home improvement expert, for example, you may want to bring him or her along for a follow-up property showing. This home improvement expert then can provide comprehensive insights into the condition of the house.

3. You can determine if a house matches your expectations.

If you are still on the fence about a home following an initial showing, it never hurts to take a second look at this house in-person. Because if you attend a second home showing and find a house matches your expectations, you then can submit an offer to purchase this residence. On the other hand, if you discover a home is not a great fit for you during a second property showing, you can continue your search for your dream residence.

As you navigate the homebuying journey, it generally is a good idea to hire a real estate agent, too. This housing market professional will go above and beyond the call of duty to help you find a terrific residence that you can enjoy for years to come.

Typically, a real estate agent will teach you about the homebuying journey and offer tips to help you prepare for property showings. He or she also will attend a home showing with you and respond to your concerns and questions. Plus, if you want to schedule a follow-up home showing or submit an offer to purchase a residence, a real estate agent is happy to help.

When it comes to navigating the homebuying journey, it usually is beneficial to err on the side of caution. Therefore, if you strive to learn as much as possible about a home after an initial showing, you should schedule a follow-up showing. By doing so, you can perform a full home analysis and determine if a house is right for you.


As incredible the act of purchasing a home is, many buyers end up regretting their purchase. There’s a variety of reasons for this. It all comes down to being ill-informed about buying a home and the type of home needed for the most liable situation. Read on to find out some of the biggest regrets home buyers face and how to avoid them. 


Buying Too Small Of A Home


The most prominent regret that many buyers face is not buying a larger property. Many people want to live in a specific location or type of home that they overlook the size altogether. One reason that people end up buying a home that’s the wrong size is that they rush to find a property in a particular area. If you branch out on your search, you’ll have a better shot at finding the right size home. The area might not matter as much as the space you’re living in, s keep that in mind. 


Not Doing Your Research


People tend to skip out on the research phase of buying a home. It’s critical that buyers understand things like mortgage rates, fees, credit reports, how much needs to be saved, and more. There are so many things that go into buying a home that you could easily miss out on something if you don’t know what you’re in for ahead of time.


Not Saving Enough


Your home will be one of the largest purchases you make in your entire life. There is a lot more to the cost than just the monthly mortgage payment. You’ll need a lot of money upfront when you buy a home including a downpayment along with other closing costs and fees. Plus, you’ll need to set some money aside for any repairs or replacements you need to do in the home once you move in. It’s also a good idea to have an emergency fund available just in case. Life happens, and you don’t want your savings to be depleted because you bought a house. 


Keep in mind that the bigger of a downpayment you make, the better off you’ll be. Even if you can buy a home with a low downpayment, you want to put down as much as possible. A higher downpayment will keep your mortgage payments lower, get you a better rate, and you may even be able to avoid paying for PMI (private mortgage insurance.) Aim to save a 20 percent down payment for the most optimal mortgage situation.      

   




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