Lisa Westerman - ReMax Professional Associates


Finding the right vacation house is rarely simple. Dozens of quality vacation residences are available in cities and towns nationwide. Yet if you make even a single mistake during your search for the ideal vacation residence, you risk making a poor property buying decision.

As you get set to begin a search for a vacation home, there are many things you can do to boost the likelihood of finding a residence that matches your needs. Now, let's take a look at three tips to help you conduct a comprehensive – and successful – vacation home search:

1. Establish Homebuying Criteria

Prior to launching a search for a vacation house, consider the features you want in your dream residence. Then you can hone your search for vacation homes that fall in line with your expectations.

Crafting a list of vacation home must-haves usually is a good idea. This list can focus on distinct features you want to find inside your home – from a modern, state-of-the-art kitchen to a spacious master bedroom. It also can focus on home exterior features like a beautiful front yard or a large driveway.

2. Determine Your Preferred Cities and Towns

Once you know what you want to find in your ideal vacation residence, make a list of preferred cities and towns. With this list in hand, you can focus exclusively on vacation houses in cities and towns you know you will enjoy.

Before you craft a list of preferred cities and towns for your vacation home search, it is important to remember that house prices vary nationwide. Thus, it often helps to take a look at home prices in various cities and towns. This will give you an idea about the average price range for houses in different areas.

3. Work with a Real Estate Agent

If you want to streamline your search for a vacation home, it typically helps to hire a real estate agent. Because if you have a real estate agent at your side, you can receive extensive support as you navigate each stage of the vacation homebuying journey.

A real estate agent is a homebuying expert who is happy to share his or her housing market knowledge with you. First, he or she will learn about you and your vacation homebuying goals. A real estate agent next will craft a custom strategy designed to help you achieve your homebuying goals as quickly as possible. Finally, you and your real estate agent can put this plan into action.

Let's not forget about the assistance that a real estate agent provides when a homebuyer is ready to submit an offer to purchase a vacation house, either. At this point, a real estate agent will help a homebuyer put together a competitive homebuying proposal. And if a seller accepts this offer to purchase, a real estate agent then will guide the buyer through the final stages of the homebuying journey.

Take the necessary steps to find your dream vacation home – use the aforementioned tips, and you could accelerate your quest to discover a vacation residence that suits you perfectly.


FHA loans have long been a valuable resource for Americans who want to fulfill their goal of homeownership but who don’t have the benefit of a lengthy credit history and equity.

If you’re hoping to buy a home in the near future but want to explore all of your options in terms of financing, this article is for you.

Today we’re going to talk about FHA loans and how to know if you qualify for one.

What are FHA loans?

FHA loans are issued by private mortgage lenders across the country, just like regular mortgages. The difference, however, is that an FHA loan is “guaranteed” by the federal government.

Lenders decide your borrowing eligibility, and how much you can borrow, by determining risk. If you don’t have a sizable down payment (oftentimes 20% or more) and you have a low credit score, most mortgage lenders will see you as a risky person to lend to.

When you get an FHA loan, however, the federal government assumes some of that risk, allowing you to secure the loan anyway.

This means you can buy a home with a low credit score, a smaller than usual down payment, and save on some closing costs.

How do I qualify for an FHA Loan?

To find out if you qualify for an FHA loan, you’ll head to the same place as a traditional mortgage--a mortgage lender. Oftentimes, you can simply call or visit the website of lenders to get the process started.

As with all things, it’s a good idea to shop around for a mortgage lender. Their offerings will be largely similar, but there might be minor differences that make one better than another for your particular circumstances.

Down payment requirements

To secure an FHA loan, you will need to make a down payment of at least 3.5%. However, this low down payment comes with a price. You’ll typically be required to pay private mortgage insurance (PMI) fees on top of your accruing interest for your loan.

Credit score requirements

While you can often secure a mortgage with a lower credit score through an FHA loan, there are still some requirements. To secure a loan with the lowest possible down payment (3.5%), you’ll need a credit score of 580 or above.

Previous homeowners and FHA loans

A common misconception about FHA loans is that they are only for first-time homeowners. However, you can still qualify for an FHA loan if you’ve owned a home before as long as it has been three years since you’ve had a foreclosure or two years since filing for bankruptcy.

If you meet these three conditions, you should be able to secure an FHA loan through a traditional mortgage lender.


This Land in Paxton, MA recently sold for $99,900. This style home was sold by Lisa Westerman - RE/MAX Prof Associates.


Lot 0 Suomi Street, Paxton, MA 01612

Land

$99,900
Price
$99,900
Sale Price

6.69
Acres
Residential
Land Type
REDUCED to $99,900! Build your dream home on this beautiful 6.69 acre lot located on Suomi Street, a lovely country road. The lot has 270 feet of frontage, with 200 feet on the left of 154 Suomi Street (starting at a stake to the far left of the house & ends further left by the flag before the huge oak tree) On the right of 154 Suomi there is an additional 70 feet of frontage (it begins at a flag by a large rock & it ends to the right of the garage - there are stakes) The buildable portion of the lot to construct a single family home is beyond the treeline behind the home on 154 Suomi - the driveway would be on the right by the garage in the 70-foot wide section. The plot plan is attached. PLEASE DO NOT WALK THE LAND WITHOUT AN ACCOMPANIED APPOINTMENT!




This Single-Family in West Boylston, MA recently sold for $315,000. This Ranch style home was sold by Lisa Westerman - RE/MAX Prof Associates.


323 Maple St, West Boylston, MA 01583

Single-Family

$306,000
Price
$315,000
Sale Price

6
Rooms
2
Beds
2
Baths
Just what you've been waiting for - an updated ranch home w/ 1 car garage located on a flat, corner lot in WB!. This home boasts many updates including Central Air, gas heat, vinyl siding, vinyl replacement windows, updated kitchen & baths, Buderus boiler, young water heater, etc. The young family rm addition gives this home multiple options to meet your family's needs with a double closet, interior french door & an exterior entrance makes it ideal for home office, guest rm, dining rm or famiy rm. Need 1 level living? This home has laundry rm, family rm/sunroom, 2 bedrooms & kitchen all w/ hardwood flrs on one level. Also has a spacious basement w/ cedar closet & full bath. Outside boasts a corner lot w/ a large open side yard & a fenced in back yard. The area has many ways to enjoy nature including golf, hiking & biking the rail trail, & mins to Mt Wachusett, also mins to shopping, dining & major routes 190, Rt12, 290 &140. Showings start @OH Sat 10/24. RingDoorbell A/V front door.

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Buying a house should be a worry-free experience. Yet problems may come up that prevent a property buyer from achieving the optimal results. Lucky for you, we're here to help you quickly identify and address various homebuying hurdles.

Now, let's take a look at three tips to help you minimize stress as you navigate the homebuying journey.

1. Plan for the Best- and Worst-Case Scenarios

An informed homebuyer should have no trouble enjoying a worry-free property buying experience. In fact, this buyer will understand the best- and worst-case scenarios and know exactly what to do – even in a stressful homebuying situation.

In the best-case scenario, a homebuyer will instantly find his or her dream house, submit an offer to purchase this residence and receive an immediate "Yes" from a seller. Then, this buyer can finalize a home purchase and move into his or her new residence.

On the other hand, the worst-case scenario likely will force a homebuyer to miss out on the opportunity to acquire his or her ideal residence. This scenario may involve a failure to agree to terms with a seller due to many potential homebuying problems.

Homebuyers will want to do everything they can to avoid the worst-case scenario. Fortunately, if you learn about the housing market, you can gain the insights you need to plan ahead for the property buying journey. And as a result, you can increase the likelihood of finding and buying your dream house in no time at all.

2. Get a Mortgage

Let's face it – purchasing a home is your dream, but you probably don't have the necessary finances to buy a house on your own. Therefore, you may need to get home financing before you can make your homeownership dream come true.

Applying for a mortgage may seem stressful, but lenders are happy to help you in any way they can. If you consult with multiple banks and credit unions, you can review a variety of home financing options.

Don't hesitate to ask questions as you complete a mortgage application too. If you address your mortgage concerns and questions with a home financing professional, you can alleviate the stress commonly associated with applying for a mortgage.

3. Work with a Real Estate Agent

A real estate agent is a homebuying expert who can respond to any concerns or questions that you may have. If you collaborate with a real estate agent, you can get the help you need to minimize stress at each stage of the property buying journey.

Typically, a real estate agent will learn about you and your homebuying goals and help you plan accordingly. He or she will keep you up to date about available houses in your preferred cities and towns and set up home showings. And if you find a house that you want to purchase, a real estate agent will help you submit a competitive property buying proposal.

Remove stress from the homebuying journey – use the aforementioned tips, and you can reap the benefits of a worry-free homebuying experience.