Kim Daneault
KELLER WILLIAMS REALTY / Metropolitan | 603-345-7783 | [email protected]


Posted by Kim Daneault on 8/19/2018

An informed homebuyer may be better equipped than others to enjoy a successful property buying experience. In fact, an informed homebuyer likely will understand the ins and outs of the local housing market Ė something that could make it simple for this individual to discover a great residence at a budget-friendly price.

Ultimately, it helps to review the local real estate market closely before you embark on the homebuying journey. Lucky for you, there are many things you can do to analyze the local real estate market and gain the homebuying insights you need to succeed.

Let's take a look at three tips to help you study the local housing sector so you can navigate the homebuying journey with poise and confidence.

1. Assess the Prices of Recently Sold Houses

Oftentimes, it is a good idea to review the prices of recently sold houses in cities or towns where you plan to search for your dream residence. If you understand how much home sellers are receiving for their residences, you can narrow your house search to properties that fall in line with your budget.

It is important to remember that city houses may be more expensive than comparable residences in small towns, too. Thus, you should budget accordingly based on where you choose to search for a home.

2. Find Out If Homes Are Selling Quickly

Take a look at how quickly homes are selling in cities and towns where you want to live. With this housing market data in hand, you can determine whether a buyer's or seller's market is in place.

In a buyer's market, there may be an abundance of available houses. Or, in a seller's market, homes may sell within days of being listed.

If you are operating in a buyer's market, you may be able to take your time to find your ideal house. Comparatively, in a seller's market, you should be prepared to act quickly to acquire your dream residence.

3. Consult with a Real Estate Agent

A real estate agent can teach you everything you need to know about the housing sector. That way, a real estate agent can help you become an informed homebuyer in no time at all.

Typically, a real estate agent will learn about you and your homebuying goals. He or she next will provide insights into the housing market in your preferred cities and towns and help you hone your house search. Then, a real estate agent will help you search for your dream residence. And once you find a house you want to purchase, a real estate agent will help you submit a competitive offer to purchase this home.

As you prepare for the homebuying journey, it may be beneficial to learn about the local real estate sector. By doing so, you can gain comprehensive housing market insights that you can use to streamline your home search. As a result, you could speed up the process of finding and purchasing your ideal house.




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Posted by Kim Daneault on 8/12/2018

A home inspection may prove to be exceedingly valuable, particularly for a homebuyer who is on the fence about whether to purchase a particular house. In fact, a house inspection may raise a number of questions that a buyer will need to consider to make an informed decision about whether to proceed with a home purchase.

Some of the key questions that a homebuyer needs to consider after a house inspection include:

1. What do the inspection results reveal about the overall condition of a house?

A home inspection represents a learning opportunity for a buyer. After the evaluation is finished, a buyer will receive a report that outlines a home inspector's findings. This report usually is available within 24 to 48 hours of an inspection and can make a world of difference to any buyer, at any time.

As a homebuyer, it is essential to review the results of a home inspection closely. That way, you can learn about any underlying issues with a home and map out the best course of action.

If you find that a home has a variety of problems, you may want to ask a seller to complete myriad house repairs before you finalize your home purchase. Or, if you are satisfied with a home after an inspection, you may want to continue with your house purchase.

Keep in mind that you can always walk away from a home sale after an inspection too. In this scenario, you can simply reenter the housing market and continue your search for your dream residence.

2. After reviewing the home inspection results, am I comfortable with a house?

Oftentimes, it helps to consider the prices of possible home repairs after you complete an inspection. If you analyze these potential costs and find they exceed your budget, you should plan accordingly.

Home repairs sometimes can be expensive and time-consuming. As such, if you are uncomfortable completing a broad assortment of home repairs on your own, you'll want to account for these repairs as you decide how to proceed with a house following an inspection.

3. Is a house a viable long-term investment?

The decision to purchase a home is a life-changing choice. Therefore, you should consider the results of a home inspection to ensure you can maximize the value of this potential long-term investment.

Remember, a home inspection gives you an opportunity to assess any structural issues with a house prior to finalizing a house purchase. If you have any concerns about a possible home purchase following an inspection, you should address these concerns before you complete your transaction.

When it comes to conducting a home inspection and reviewing the assessment results, it generally is a good idea to work with a real estate agent. This housing market professional can help you find an expert home inspector to analyze a residence both inside and out. Plus, a real estate agent will offer tips about what to do following an inspection and ensure you can achieve the best-possible results throughout the homebuying journey.




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Posted by Kim Daneault on 7/15/2018

Once you move in with a partner, you know you have reached an important milestone in your relationship. For the first time, you could be talking about money with your partner. Whether youíre moving into an apartment or buying a home together, itís important to break down how youíll merge your finances together. 


While itís one of the least romantic conversations that youíll probably have as a couple, sharing your financial situation is one of the most vital. Below youíll find some tips on starting that conversation and making it a smooth one.


Be Honest


In any relationship, honesty and communication are key. This is especially true when it comes to finances. Thereís a lot that goes into your own financial picture, and itís important that you share that with your partner. This is important for everything that will happen in the future including purchasing a home. Some things that your partner should know:


  • How much loan debt you have
  • A rough idea of your credit score and history
  • Your income
  • Your spending habits
  • Your saving habits

Itís important to know how another personís habits will affect you as a whole when youíre thinking of making an investment together like a piece of property. Everyone handles money differently, and you should know how someoneís spending habits meshes with yours. Do they live paycheck to paycheck? Do they save money regularly? Are they financially strained? All of these questions help you to understand where you are similar and where you are different when it comes to money.



Have A Plan For How Youíll Divide Expenses


It may seem like a 50/50 split on expenses makes the most sense. For many couples it does. In other situations, if one person makes more money, they may need to pay a bit more of the costs. Some couples have one person pay the rent while the other takes the utilities on as an expense. Take amounts and percentages that you feel comfortable with and do what wrks best for the both of you. 


Remember that chores count too when it comes to dividing up the ďexpenses.Ē This is just an extra tip that will help you to build a stronger relationship in the long term and help to save arguments.


Use A Joint Account For Expenses


You should still keep your own bank accounts when you move in with a significant other.  All of your money shouldnít be funneled into one singular account. Create a separate bank account for your expenses like rent or mortgage and utilities. All of your personal expenses should come out of your own respective accounts. 


Make Contracts


No matter how much you feel that you can trust a person, itís always good to put everything in writing. This way, if there are any disputes in the future, youíll always have a contract that you can refer back to. Itís also important to have these documents for things like security deposits or down payments. If the relationship ends at any point, itís important for the person who paid for certain things to get their money back.     


Planning and tracking your finances when you move in with a significant other is important. It will certainly make your life easier if you have these conversations beforehand.





Posted by Kim Daneault on 7/8/2018

For those who want to enjoy a quick, seamless homebuying experience, it helps to prepare as much as possible. In fact, those who plan ahead may be better equipped than others to avoid various challenges throughout the homebuying cycle.

From struggling to obtain home financing after a seller accepts your offer to purchase to struggling to find the right home in one of your preferred cities and towns, myriad issues may make it tough for you to achieve your desired results on the homebuying journey. Fortunately, we're here to help you minimize risk as you pursue your dream residence.

Now, let's take a look at three tips to help you avoid a homebuying fiasco.

1. Establish Homebuying Criteria

If you enter the housing market with criteria in hand, you can narrow your house search. As a result, you may be able to accelerate your journey from homebuyer to homeowner.

Think about where you want to live. Then, you can hone your home search and focus exclusively on houses in specific cities and towns.

It also may be beneficial to establish a list of home must-haves and wants. This list can help you determine exactly what you want to find in your dream house so you can map out your home search accordingly.

2. Get Pre-Approved for a Mortgage

There is no need to wait to get a mortgage. Thankfully, lenders are available that can help you get approved for a mortgage before you kick off your home search.

Meet with a variety of banks and credit unions Ė you'll be glad you did. This will allow you to learn about the ins and outs of different mortgage options.

Furthermore, don't hesitate to ask questions about all of the mortgage options at your disposal. Because if you understand exactly how a mortgage works, you can make an informed mortgage decision.

3. Collaborate with a Real Estate Agent

When it comes to avoiding problems during the homebuying journey, it generally is a good idea to hire a real estate agent. This housing market professional will offer comprehensive support at each stage of the homebuying journey. By doing so, a real estate agent will ensure you can quickly and effortlessly navigate the housing market.

For example, if you want to find a house in a small town, a real estate agent will help you explore residences that match your expectations. He or she will set up home showings and keep you informed about open house events. Plus, if you identify your dream house, a real estate agent will help you submit a competitive offer to purchase.

Let's not forget about the housing market expertise that a real estate agent possesses, either. If you ever have concerns or questions as you pursue your dream house, a real estate agent is happy to address them at any time.

Want to discover your dream residence? Use the aforementioned tips, and you can reduce the risk of encountering problems as you search for your ideal residence.




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Posted by Kim Daneault on 6/17/2018

Buying your first home is a big endeavor, both financially and personally. Homeownership means taking on new responsibilities and bills, but it also means true financial independence.

If youíre hoping to buy a home in the near future, you might be wondering what you should be doing now to put yourself in the best position when it comes time to buy a home. Well, youíre in luck. Todayís post is a simplified list of all of the things you can be doing today to start making your way toward your ultimate goal of homeownership.

1. Pay off small debts

The first thing youíll want to do to start saving for a down payment is to make sure youíre not pouring money down the drain to credit card companies for interest rates. If you owe small amounts of money (or less than $1,000), now is the time to aggressively pay down those debts.

The goal here is to get your credit cards to a place where you pay off your balance in full each month, avoiding interest while still earning rewards and building credit.

2. Speaking of creditÖ

One of the most important aspects of buying a home is your credit score. Take the time to learn about the 5 main things that contribute to your credit score and then work on ways to improve your score in those areas.

3. Donít open any new accounts if you can help it

Once you start getting closer to applying for a mortgage, you wonít want any new inquiries on your account that are temporarily lowering your score. If you need to open a new account to lift your score, then do so well in advance of applying for a mortgage.

4. Get serious about saving for a down payment

There are a few ways to proactively save for your down payment; none of them include setting money aside when you feel like it. Start by opening a dedicated account and direct-depositing a portion of your pay into that account each week.

If you have an emergency fund in place, you might be in a position to use a CD or certificate of deposit. These give the highest earnings from interest out of any form of savings. The catch? You canít withdraw from the account until you reach your savings goal without a penalty. If you know you wonít need to dip into these funds before theyíve matured, a CD is an excellent way to save.

5. Find out how much house you can afford

Homes are expensive. but, if itís your first home, you might need to borrow the maximum amount form the bank to find a house that youíll love. To find out what is a reasonable amount to spend on a home, youíll need to consider your monthly mortgage, bills, taxes, insurance, and any other expenses. Leave yourself room for savings, emergencies, and to live a little. You wonít be able to enjoy your home much if you have to spend your days struggling to afford it.

6. Career planning is vital

A good career is a balance between stability and upward mobility. Donít be afraid to be on the lookout for new positions with higher pay and better opportunities, even if youíre happy with your current job.

If youíve been in your position for a while, consider asking for a raise. Research salaries for other people in your position and go to your boss equipped with data to show that show you deserve a raise.




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