Catherine Albiani - Sales Associate - CENTURY 21 Commonwealth | Winchester, MA


If you want to buy your dream house in the near future, you likely will need to put together a competitive offer to purchase. That way, you can boost the likelihood of receiving an immediate "Yes" from a property seller after you submit your homebuying proposal.

Ultimately, it helps to know what differentiates a competitive homebuying proposal from a lowball one. If a homebuyer understands what to offer for a residence, he or she should have no trouble purchasing the right residence at the right price.

To better understand how to acquire your dream house at the lowest-possible price, let's take a look at three tips to help you determine what to offer for a residence.

1. Study the Housing Market Closely

The housing market experiences ebbs and flows. Therefore, a real estate sector that favors homebuyers one day may favor home sellers the next. And if you fail to learn about the current state of the real estate market, you may struggle to put together a competitive offer to purchase your ideal residence.

Analyze the prices of available houses in your area, the prices of recently sold houses in your preferred cities and towns and other housing market data. With this information in hand, you can find out whether you're operating in a buyer's or seller's market. Then, you can craft an offer to purchase your dream residence that accounts for the present state of the real estate market.

2. Weigh the Pros and Cons of Your Dream Home

No house is perfect, and even your dream home may have its fair share of flaws. Fortunately, a homebuyer who assesses the pros and cons of a house may be better equipped than ever before to submit a competitive offer to purchase this residence.

If you view a house multiple times, you can learn about all aspects of this home and assess any property damage. After you obtain these home insights, you can create a competitive offer to purchase that accounts for the house's current condition.

3. Collaborate with a Real Estate Agent

When it comes to purchasing a house at a price that matches your expectations, it generally is beneficial to work with a real estate agent. This housing market professional will do everything possible to help you buy your dream home at a price that fits your budget.

A real estate agent understands the ins and outs of the real estate sector and can help you map out a successful homebuying strategy. He or she first will offer insights into available homes in your preferred cities and towns. Next, when you find your dream residence, a real estate agent will help you craft a competitive homebuying proposal. And if your offer to purchase is accepted, a real estate agent will make it easy to navigate the final steps of the homebuying journey.

Ready to streamline your quest for your ideal house? Use the aforementioned tips, and you can improve your chances of acquiring your dream home at a price that you can afford.


This Single-Family in Reading, MA recently sold for $500,000. This Ranch style home was sold by Catherine Albiani - Berkshire Hathaway HomeServices Commonwealth Real Estate.


38 Bear Hill Rd, Reading, MA 01867

Single-Family

$529,900
Price
$500,000
Sale Price

9
Rooms
4
Beds
1/1
Full/Half Baths
Outstanding opportunity to purchase a lovingly cared for home located in a great neighborhood and close to all Reading has to offer. A rare and deceivingly large ranch style home with 4 bedroom 1.5 bath offering flexible space whether you are looking for 4 bedrooms, guest space, HOME OFFICE etc. Fire-placed living room has wonderful natural light. dining room directly off the kitchen makes entertaining a breeze. Partially finished basement space is an added bonus. Make cosmetic updates and enjoy the home for years to come just how you want. Electric sun screen over patio to sit and enjoy the private rear yard. Piano and Living room Rug included in sale Open House Sunday. Offers, if any, are due Tuesday Aug 18th

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 Photo by Mohamed Hassan via Pixabay

Even if you love your home and never plan to leave it, there may come a point when you need to put it on the market. The home maintenance tasks you tackle today have a direct impact on your home’s value tomorrow. If you want to protect the value of your home, these are the home maintenance tasks you shouldn't put off.

Keep the Roof in Good Repair

A roof can make or break a home sale. Most roofs will last 20 to 25 years. If yours is nearing the end of that lifespan or is showing signs of distress, start planning for a replacement. Similarly, if you’ve had a storm recently, have the roof inspected, and tap into your insurance coverage for a new roof if needed.

Maintain Your HVAC

Your HVAC system may not be the most attractive part of your home, but it’s one of the most important for your home’s comfort. Keep up with routine maintenance, including filter replacement, air duct cleaning, and yearly maintenance inspections. This will help you get the best possible life out of your system, while also ensuring you can list the home with all of its components when you’re ready to sell.

Freshen the Paint

Not only does a fresh coat of paint make your home look great, but it also helps protect the woodwork in your home from damage due to everyday life. Buy quality paint when you paint, and try to keep up with the current trends while also reflecting your own style. This will keep your home looking attractive while also protecting its value. Keep the interior and exterior painted whenever necessary.

Protect and Cultivate Your Landscaping

A beautiful home with an unkempt yard is going to be worth less than a standard home with a beautiful yard. Your landscaping doesn’t need to be extravagant, but you should spend some time each year keeping it looking its best. This will increase your property’s perceived value down the road.

Appliance Care and Upgrades

Your appliances are something you rely on every day to keep things functioning well in your home. Keep up with their maintenance, and upgrade as needed, to give your home the best possible value. You will need good, working appliances in your home to keep things running smoothly, and potential buyers down the road will appreciate these items as well.

Maintaining your home makes it more enjoyable to live in, and it also makes it more appealing to potential buyers down the road.


It can be difficult to find the extra savings to put towards your first home as a renter. With rent and utility prices rising, most people’s paychecks are leaving them with less and less savings at the end of the month.

Buying your first home, however, can be a great long-term financial decision. It will help you build equity, and, eventually, you’ll be able to use that equity toward another home or toward retiring.

In today’s post, we’ll talk about some of the ways to save for a down payment while renting an apartment.

How much to save

In order to make the most of your first home purchase, you’ll want to save up as much of a down payment as possible. This will help you receive the lowest interest rate and reduce the amount you’ll pay toward interest.

If you can manage to save 20% of the loan, you’ll also be able to waive private mortgage insurance (PMI), that would otherwise set you back around $100 per month or more.

Smart ways to save while renting

If you’re ready to get serious about saving for your first down payment, let’s talk about the best way to approach your savings plan.

Pay off small debts

If you’ve had that lingering credit card debt that you’ve never quite paid off, now is the time. Take a look at your current debts. Pay off the smaller balances first and focus on debt with the highest interest rate.

This will enable you to start making larger deposits toward your down payment savings sooner and can help you avoid needlessly paying interest on small loans and credit card debt.

Open a dedicated account or CD

The best way to make sure you contribute to your down payment savings plan is to open a savings account or take out a CD (certificate of deposit).

A savings account with a high-interest return is a good option for people who are worried that they may need to access their funds before they’re ready to buy a home.

If you’re comfortable with not being able to access your funds until a set date, then a CD could help you save more money.

Since CDs are a one-time payment, many people choose to combine both CDs and high-interest savings accounts to achieve their savings goals.

Regardless of which option you choose, be sure to shop around for the highest interest rate. Online banks tend to have higher rates than traditional banks and are also easy to sign up for.

Direct deposit a portion of your pay

Opening a bank account or CD won’t do you any good if you don’t commit to contributing to it. If you are paid via direct deposit, visit your HR office and ask them to reassign a portion of your weekly pay to your new account.

By following these tips, you’ll be able to better prepare for your down payment. Don’t  wait! The sooner you start saving, the sooner you’ll be able to purchase your first home.


This Single-Family in Dracut, MA recently sold for $390,000. This Colonial style home was sold by Catherine Albiani - Berkshire Hathaway HomeServices Commonwealth Real Estate.


173 Brook St, Dracut, MA 01826

Kenwood

Single-Family

$375,000
Price
$390,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
Beautiful move in ready center entrance colonial located in east Dracut. First floor boasts a large sun filled front to back living room with French doors leading to your private deck. Kitchen includes lots of cabinets and counter space along with a nice tile back-splash. A generous dining area and half bath complete the first floor. On the second floor you will find a large master bedroom with lots of space in your walk in closet. Two additional carpeted bedrooms and a tiled full bath can be found on second floor. An additional 238 square feet of living area awaits you in the finished basement/family room with recessed lighting and a separate bar. The basement includes a utility area, storage, washer, dryer and a walk out. Updates include a newer heating system, instant hot water, roof, landscaping, front porch.

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