Peter Beauchemin - LAER Realty Partners/Beauchemin & Assoc.



Posted by Peter Beauchemin on 6/24/2018

If you plan to pursue a house, you likely want to enjoy a seamless homebuying experience. Although you may take extra steps to err on the side of caution as you explore myriad homes, there may be times when it helps to be an aggressive homebuyer.

Ultimately, there are many reasons why you may want to be aggressive and try to accelerate the homebuying journey, such as:

1. You're facing a tight deadline.

If you have only a certain amount of time to buy a house, it may be a good idea to be aggressive. That way, you can accelerate the homebuying journey and acquire your ideal residence before time runs out.

For those who are facing a tight deadline, you may want to stay on top of new houses as soon as they become available. Fortunately, if you work with an expert real estate agent, you can do just that.

An expert real estate agent can keep you up to date about houses that fall within your price range and are located in your preferred cities and towns. As a result, this housing market professional can help you secure your dream house faster than ever before.

2. You discover your dream home and don't want to risk losing it to a rival homebuyer.

If you find a house that fulfills all of your homebuying criteria, there is no need to wait to submit an offer. In fact, if you hesitate, you risk losing your ideal residence to a rival homebuyer.

Of course, when submitting an offer on a house, it pays to be realistic. If you analyze the housing market closely, you can understand a house's current value and submit a competitive proposal right away. As such, you can boost the likelihood of receiving an instant "Yes" from a seller, as well as improve your chances of enjoying a successful homebuying experience.

3. You possess the homebuying confidence and expertise that you need to succeed.

An informed homebuyer should have no trouble assessing the housing market and finding a residence that matches or exceeds his or her expectations. Thus, this homebuyer may be more likely than others to quickly discover a terrific house at a budget-friendly price.

To build your homebuying confidence and expertise, it may be beneficial to collaborate with a real estate agent. This housing market professional can teach you everything that you need to know about purchasing a house. By doing so, a real estate agent will ensure that you can achieve the best-possible results throughout the homebuying journey.

Let's not forget about the housing market insights that a real estate agent can provide, either. A real estate agent can help you differentiate between a buyer's and seller's market, submit a competitive offer on a home and much more. Therefore, with this housing market professional at your side, you can go from homebuyer to homeowner in no time at all.

Ready to start your search for your dream house? Become an informed homebuyer, and you can speed up the homebuying journey.




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Posted by Peter Beauchemin on 6/10/2018

You know that you want to buy a house, but you also don't want to break your day-to-day budget to acquire a residence. As such, you're in the market for inexpensive housing – something that can be tough to find in any real estate sector, at any time.

Buying a house can be difficult, especially if you're operating on a tight budget. Fortunately, we're here to help you take the guesswork out of finding an inexpensive house that matches or exceeds your expectations.

Let's take a look at three tips to help you streamline your search for an affordable residence.

1. Evaluate How Long a Home Has Been Available

When it comes to finding an affordable house, it pays to check out how long a residence has been available. By doing so, you may be able to discover a bargain, even in a highly competitive real estate market.

If a home that has been available for many weeks or months, a seller may be more motivated than ever before to accept an offer that falls below his or her initial expectations. Thus, if you submit an offer below a seller's initial asking price, the seller may accept your proposal in the hopes of getting rid of his or her residence quickly.

Of course, you should always ensure that a home offer is competitive based on a house's age and condition, along with the current state of the real estate market. Because if you submit a "lowball" proposal, a seller likely will respond with an immediate "No" to your offer.

2. Look at Fixer-Uppers

A fixer-upper is unlikely to have everything that you want in your dream house. On the other hand, a fixer-upper likely is more cost-effective in comparison to a new house.

If you're on the lookout for affordable housing, you should consider fixer-uppers. These houses may require some work, but buyers who are willing to allocate the necessary time and resources to perform myriad home repairs can transform these properties into dream homes.

3. Collaborate with a Real Estate Agent

For homebuyers who want to acquire a house without spending too much, it usually helps to hire a real estate agent. In fact, by working with a real estate agent, a homebuyer can streamline the process of acquiring an affordable residence.

A real estate agent first will meet with a homebuyer and learn about his or her homebuying goals. Then, this housing market professional can tailor a home search to complement a buyer's budget.

Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will set up home showings, negotiate with a seller's agent on your behalf and do whatever it takes to help you purchase an inexpensive house.

Ready to find a cost-effective house? Use the aforementioned tips, and you can accelerate the process of discovering an affordable home that you can enjoy for years to come.





Posted by Peter Beauchemin on 5/20/2018

A homebuying negotiation may cause your stress levels to rise. However, as you work toward purchasing your dream house, there is no need to worry. In fact, there are many ways that you can limit stress as you finalize a home purchase, including:

1. Discuss Your Homebuying Concerns with Family Members and Friends

Family members and friends offer plenty of support. Thus, these loved ones are happy to listen to you and help you in any way possible, no matter what happens during a homebuying negotiation.

Don't be afraid to ask family members and friends for homebuying advice, either. These loved ones may be able to share their past homebuying negotiation experiences with you. And by doing so, your family members and friends could provide you with valuable insights that may help you move one step closer to acquiring your ideal residence.

2. Consider the Big Picture

Buying a home likely will be one of the biggest transactions that you'll complete in your lifetime. At the same time, it is important to note that there are plenty of fish in the sea. Therefore, you should try to remember that even if a home purchase agreement falls through, dozens of high-quality houses are still available in cities and towns nationwide.

Sometimes, it helps to take a step back during a homebuying negotiation. If you can inhale and try to relax, you may be better equipped than ever before to stay calm, cool and collected during a negotiation. With a fresh perspective, you could boost the likelihood of coming to terms with a seller and finalizing a home purchase agreement.

3. Consult with a Real Estate Agent

When it comes to purchasing a house, there is no need to embark on the homebuying journey alone. Fortunately, if you hire a real estate agent, you can receive expert support as you navigate the homebuying journey.

A real estate agent understands the stress associated with purchasing a house and will do everything possible to help you alleviate your homebuying worries. He or she can explain the homebuying process and respond to any concerns or questions. Plus, a real estate agent can negotiate with a seller's agent on your behalf to help you get the best price on your dream residence.

Furthermore, a real estate agent provides support after a seller accepts your offer to purchase a residence. A real estate agent will help you set up a home inspection, conduct this inspection with you and ensure you can complete a full review of the inspection results. In addition, a real estate agent can help you prepare for a home closing and ensure you can finalize a home purchase as quickly as possible.

There is no need to let stress get the best of you during a homebuying negotiation. By using the aforementioned tips, you can keep your stress levels in check as you negotiate a home purchase and accelerate the process of purchasing your dream home.





Posted by Peter Beauchemin on 4/15/2018

Closing costs are usually an unavoidable part of buying a home. While there are ways to reduce some closing costs and fees, they are an expense you will likely have to consider when it comes time to save for a home.

On average, buyers can expect to pay between 2 and 5 percent of the purchase price in closing costs and fees.

In this article, we’re going to break down those costs and talk about some ways to plan for, or limit, the fees associated with closing on a home.

A breakdown of closing costs

Most closing costs in a real estate transaction are paid for by the buyer. When getting approved for a mortgage, your lender is required to provide you with an estimate of the closing costs. This is called a “Closing Disclosure statement” which overviews the details of your loan.

Different lenders will charge varying amounts in fees. Some are even willing to waive certain fees. But, we’ll discuss that later.

For now, let’s focus on the closing costs buyers typically have to pay:

  • Attorney fees - a flat-fee or hourly rate depending on the attorney

  • Origination fees - an upfront fee charged by the lender for processing your mortgage application

  • Prepaid interest or discount points - a payment for the interest that will accrue on your mortgage from the time you close until your first mortgage payment is due

  • Home inspection fee - the fee that a professional home inspector charges to inspect a home

  • Escrow deposits - Usually split with the seller, this is the fee charged by an escrow agent

  • Recording fees - fees for legally recording the new deed and mortgage

  • Underwriting fees - fees paid to the lender for researching your mortgage case and determining whether or not to approve your application

These are just some of the many fees that can be due upon closing on a home. Depending on where you live, which lender you choose, and the type of mortgage you secure, your closing costs will vary, so it’s a good idea to shop around for a lender and mortgage type with reasonable closing costs.

Reducing closing costs

Some lenders offer no-cost, or low-cost mortgages. However, these savings often come with a higher interest rate which, over the lifespan of your loan, can cost you more in the long run.

You should also be aware of the different loan types that you may be eligible for. FHA loans, USDA loans, and VA loans are all designed for buyers hoping to make lower down payments on their home.

Each loan type provides different amounts due at closing. Fortunately, your mortgage lender will be able to give you an estimate of costs for each loan type.

Want to get an estimate of the closing costs you’ll have to pay when you buy a home? You can use this online calculator to see an average.




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Posted by Peter Beauchemin on 2/4/2018

Sometimes, being in the hunt for a home feels like being in a race you can’t win. You should craft an offer that they cant refuse in order to get ahead on the house hunt. The real estate market can be hot or cold. No matter what the market is like, having a solid offer can be very beneficial to you as a buyer. Here’s some tips for you to get the offer you make accepted:


Get Preapproved


When you get preapproved, you’re showing the seller that you’re a serious buyer. Being preapproved gives you a shorter closing time and helps you to clear any financing hurdles before you get to them.


Avoid Lowball Offers


Make sure that you check out the prices of other homes in the neighborhood. Your real estate agent can help you to do this research. Often, you’ll need to offer the asking price or above if it’s a seller’s market. If all the research leads you to offer somewhere in the neighborhood of the asking price for a home, you’ll want to abide with that.


Too Many Contingencies Turn A Seller Off


The financing contingency is the agreement that is put forth to help a buyer get out of the deal if financing falls through. You’ll need to be sure that you actually have the cash on hand to help you if the appraisal falls short, however. While this isn’t recommended, it can give you a leg up in the buying process if you know what you’re doing. 

Another thing that you might consider is waiving the inspection. This does however, remove the ability to be sure that a home is in livable condition. This is another way to give yourself an advantage in the home search process, but it’s not recommended. A better way to keep the inspection and streamline the process is to shorten the inspection time by having the inspector ready to go immediately.  


Add A Clause To Increase Your Amount


You are able to add an escalation clause into a deal. This will automatically increase your deal by a predetermined amount if the seller gets more than one offer on the home. There’s a cap on these deals, so it doesn’t work like an auction. It’s a good option and it causes sellers to have to disclose the competing offers. Typically, this wouldn’t be the case. The only way you’d be out of the deal is if other offers exceed your cap.


Be Smart With Negotiations


You can offer to pay closing costs and home warranties instead of the seller having to pay them. Costs associated with the closing can be extensive, so offering to pay these fees can be very appealing to the seller. 


Get Personal


It’s difficult for sellers to part with the home that they love. If you get a bit personal and write a letter or send a video message to the sellers, you may often appeal to them on another level. In the letter, you may want to address how well the sellers have taken care of the home and express your desire to continue your life in the home in the same fashion. Many times, this is really a great way to connect with your seller and give you a better chance of getting your offer accepted.




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