Sharon Lanen Coskren - Leading Edge Real Estate



Posted by Sharon Lanen Coskren on 8/23/2019

Want to make your homeownership dream a reality? Get pre-approved for a mortgage, and a first-time homebuyer can move closer than ever before to acquiring his or her ideal residence.

Ultimately, there are many reasons to receive pre-approval for a mortgage, including:

1. You can establish a realistic homebuying budget.

Entering the housing market for the first time can be challenging. In fact, many first-time homebuyers struggle to establish realistic expectations before they begin their home search. And as a result, these homebuyers may end up spending too much for a house.

Fortunately, getting pre-approved for a mortgage enables a homebuyer to enter the real estate market with a budget in hand. This ensures a homebuyer can avoid the temptation to overspend on a residence.

Pre-approval for a mortgage also allows a homebuyer to map out his or her homebuying journey. With a plan in place, this homebuyer may be better equipped than others to acquire a top-notch residence that matches or exceeds his or her expectations.

2. You can speed up the homebuying journey.

Although a first-time homebuyer can always submit an offer on a home without a mortgage in hand, doing so may be tricky. In some cases, it may even slow down the homebuying process, especially if a homebuyer has to allocate significant time and resources to find a mortgage lender.

On the other hand, a homebuyer who gets pre-approved for a mortgage should have no trouble accelerating the property buying cycle. This homebuyer will know exactly how much money is at his or her disposal, and as a result, can speed up the homebuying journey.

3. You can gain a competitive advantage over rival homebuyers.

In many instances, a home seller may be more likely to accept a proposal from a first-time homebuyer who has been pre-approved for a mortgage versus an offer from a buyer who still needs to obtain a mortgage.

A homebuyer who has a mortgage likely won't have to wait too long to acquire a house. Conversely, a homebuyer who needs to apply for a mortgage after an offer has been submitted may need to wait many weeks or months to complete a home sale.

Clearly, there are many great reasons for a first-time homebuyer to receive pre-approval for a mortgage. For homebuyers who want to ensure the best results possible, it certainly helps to collaborate with an experienced real estate agent too.

An experienced real estate agent understands the ins and outs of the housing market and will do whatever it takes to help a homebuyer streamline the property buying journey. This housing market professional will set up home showings and negotiate with a home seller on a property buyer's behalf. Plus, he or she is happy to provide honest, unbiased recommendations to help a homebuyer make his or her homeownership dream come true.

Take the next step to acquire your dream residence get pre-approved for a mortgage today, and a first-time homebuyer can get the necessary financing to purchase his or her ideal house.




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Posted by Sharon Lanen Coskren on 7/19/2019

Believe it or not, even a first-time homebuyer can become a property buying expert. If you plan ahead for the homebuying journey, you can quickly and easily navigate the path from homebuyer to homeowner.

Now, let's take a look at three tips to help you master the homebuying journey.

1. Create Homebuying Criteria

If you know you want to buy a home in the foreseeable future, it generally is a good idea to create property buying criteria. That way, you'll know what you want to find in your dream residence and can map out your home search accordingly.

For instance, if you prefer big city life, you may want to hone your house search to a select group of cities. On the other hand, if you want to own a house that offers a large backyard and an in-ground swimming pool, you may want to search for homes that fall in line with your expectations.

2. Get Home Financing

As a homebuyer, you likely will need to secure a mortgage so you can acquire your dream residence. Fortunately, there is no shortage of banks and credit unions across the United States that are happy to help you obtain home financing.

Take a look at the mortgage options available from a variety of banks and credit unions you'll be happy you did. By conducting an in-depth evaluation of your home financing options, you can make an informed mortgage selection.

Of course, home financing can be complicated. And if you have any concerns or questions, don't hesitate to ask a bank or credit union for assistance. Banks and credit unions employ friendly, knowledgeable home financing specialists, and these professionals can provide mortgage insights you may struggle to obtain elsewhere.

3. Hire a Real Estate Agent

If you're unsure how you'll navigate the homebuying journey, there is no need to worry. Dozens of real estate agents are available in cities and towns nationwide, and these housing market professionals can offer comprehensive homebuying insights.

For those who want to master the homebuying journey, it often is beneficial to hire a real estate agent. This housing market professional can teach you about different aspects of the homebuying journey. Plus, he or she is ready to provide homebuying recommendations and suggestions as you search for your ideal residence.

In addition, a real estate agent offers extensive assistance at each stage of the homebuying journey. From the moment you start your home search to the moment you finalize your home purchase agreement, a real estate agent is available to help. Best of all, a real estate agent will help you alleviate stress as you consider houses and ensure you can make the best-possible home purchase decision.

As you get set to enter the real estate market, you should strive to become a homebuying expert. Thanks to the aforementioned tips, you can master the homebuying journey and discover and buy your dream residence in no time at all.




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Posted by Sharon Lanen Coskren on 6/7/2019

Believe it or not, buying a condo can be a quick, easy process, particularly for those who understand their homebuying needs.

Ultimately, there are several factors to consider before you purchase a condo, including:

1. Your Budget

How much can you afford to spend on a condo? You should evaluate your homebuying budget closely to ensure you can cover all of the costs associated with condo living.

Getting pre-approved for a mortgage usually is ideal. With a mortgage in hand, you can browse a wide range of condos and find one that matches your budget perfectly.

Furthermore, don't forget to account for homeowners' association (HOA) fees before you buy a condo. HOA fees will vary depending on the condo community, and you should learn about them in advance so you can budget accordingly.

2. Property Size and Location

How much space do you need to accommodate your family? Consider the short- and long-term ramifications of a condo purchase, and you should have no trouble finding a condo that is the right size for you.

If you're uncertain about how big of a condo that you'll need, don't hesitate to consult with a real estate agent. This housing market expert will learn about your homebuying needs and help you narrow your search for the ideal condo.

Also, be sure to consider the location of a condo. If you want to find a place to live near school or work, you should search for condos that will help you cut down on your commute time.

3. Condo Rules and Regulations

Condo living is different from living in a traditional house. In a condo community, you'll have your own property, but there may be numerous condo rules and regulations in place that you'll need to follow at all times.

For example, many condo owners cannot modify a property's exterior without first getting approval from an HOA board. This means if you want to paint your condo bright pink or upgrade the property's windows, you'll need to ask the HOA board for permission.

Examine a condo community's rules and regulations prior to purchasing a condo. This will enable you to review the HOA board's mandates and determine whether you would feel comfortable following these rules and regulations.

When it comes to finding a condo, there is no need to look for a property on your own. Conversely, if you work with a real estate agent, you can take the guesswork out of searching for a top-notch condo.

Finding a real estate agent with condo experience is essential. This real estate professional will set up condo showings, keep you informed about new condos as they become available and negotiate with property sellers on your behalf. That way, this real estate agent will make it easy for you to acquire a first-rate condo at a budget-friendly price.

Kick off your search for the perfect condo today, and you can move closer to securing a condo that will serve you well for an extended period of time.




Tags: buyer tips   Buying a home   Condo  
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Posted by Sharon Lanen Coskren on 5/24/2019

A home inspection represents a key stage during the homebuying journey. This inspection enables you to examine a house with a professional property inspector. And if you discover minor or major property issues, you can ask a seller to perform repairs. Or, you may choose to reduce your initial home offer or rescind your proposal.

Ultimately, it pays to be diligent during a home inspection. If you perform an in-depth assessment of a house, you can understand whether this residence is the right choice.

On the other hand, there may be property problems that you identify during a home inspection that you won't ask a seller to repair. These issues may include:

1. Cosmetic Problems

If you ask a home seller to perform cosmetic repairs, the seller may choose to walk away from your homebuying proposal. And if this happens, you could lose your dream house to a rival homebuyer.

There is no need to jeopardize a home sale due to a cracked floor tile, a deck that needs to be stained or other cosmetic problems. Instead, plan to perform cosmetic repairs on your own.

In addition, keep in mind that many cosmetic issues are quick and easy to fix and won't require you to break your budget. This means you likely will have no trouble completing myriad cosmetic repairs after you close on a home.

2. Loose Fixtures

A loose doorknob or light fixture can be frustrating. And as you walk through a house during an inspection, you may feel like repairing a loose fixture is a top priority.

Loose fixtures generally require simple hand tools to repair, and problems with these fixtures frequently can be solved in just minutes. As such, you may want to focus your attention on bigger and potentially more expensive home repairs as you determine which property repair requests to submit to a seller.

Of course, if a loose fixture creates a safety hazard, you should not hesitate to ask the seller to fix this problem. Because if a hazardous fixture remains in place, it may put your health and safety at risk.

3.Non-Functional Light Switch

A non-functional light switch may raise red flags as you inspect a house. But in many instances, this problem is minor.

If you notice a non-functional light switch during a home inspection, there usually is no need to worry. In fact, a property inspector typically can tell you whether a home's electrical system is safe to use and up to code.

For homebuyers who are uncertain about how to proceed with a residence following an inspection, it pays to consult with a real estate agent. This housing market professional can offer expert tips to help you make informed decisions at each stage of the homebuying journey.

Consider your potential property repair requests following a home inspection. By doing so, you can prioritize major property repairs and increase the likelihood that you and the seller can find common ground as you work toward finalizing a purchase agreement.




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Posted by Sharon Lanen Coskren on 5/3/2019

For those who want to enjoy a seamless homebuying experience, it helps to prepare accordingly. That way, you will be ready to identify and address any hurdles that come your way during the homebuying journey.

Ultimately, there are lots of things you can do to avoid a complex homebuying journey, such as:

1. Establish Homebuying Criteria

If you enter the housing market with homebuying criteria in hand, you can search for residences that match your expectations. Best of all, you may be better equipped than ever before to streamline your quest to find and acquire your dream home.

To craft homebuying criteria, think about what you require from a house. For instance, if you need a home that is located near your office in the city, you can hone your house search to residences in or near the city itself. On the other hand, if you want a home that offers two or more bedrooms, you can search for a house that provides the space you need.

You may want to create a list of home must-haves, too. This list may help you simultaneously narrow your home search and speed up the homebuying journey.

2. Know Your Homebuying Budget

There is no need to focus on homes that fall outside your price range. Instead, develop a homebuying budget, and you can avoid the risk of wasting time pursuing a house that you are unable to afford.

Oftentimes, it helps to meet with banks and credit unions before you launch a home search. These financial institutions can teach you about different home financing options so you can develop an effective property buying budget.

Banks and credit unions can help you get pre-approved for a mortgage as well. Once you have a mortgage in hand, you will know precisely how much you can spend to acquire your ideal residence.

3. Collaborate with a Real Estate Agent

Let's face it no one wants to encounter roadblocks during the homebuying journey. Fortunately, real estate agents are available in cities and towns nationwide, and these homebuying experts are happy to help you achieve your desired results.

A real estate agent can offer comprehensive insights into the homebuying journey. He or she also can help you conduct an in-depth home search, set up house showings and much more.

In addition, a real estate agent understands the challenges associated with buying a house. He or she will help you alleviate stress throughout the homebuying journey and ensure you can make informed decisions along the way. Plus, a real estate agent is ready to provide homebuying recommendations and suggestions at your request.

When it comes to navigating the homebuying journey, you may want to start planning today. Thanks to the aforementioned tips, you can map out a successful homebuying journey. And as a result, you can boost the likelihood of purchasing a house that will serve you well both now and in the future.




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Sharon Lanen Coskren