Kate Hogan -Amherst, MA real estate, Hadley, MA real estate, Northampton, MA real estate
Kate Hogan - Amherst & Pioneer Valley Realtor


As a homebuyer, it is important to do everything you can to find your dream residence. Once you discover your ideal house, you should be ready to submit a competitive offer to purchase this home.

Ultimately, there are several factors to consider as you try to put together a competitive offer to purchase your dream house. These factors include:

1. A Home's Age and Condition

Examine a house closely before you craft an offer to purchase – you will be glad you did. Because if you leave no stone unturned in your quest to learn about a residence, you can create an offer to purchase that accounts for a house's age and condition.

If you have questions about a house, you should reach out to a seller's agent. That way, you can address these questions before you submit an offer to purchase.

Also, it is important to remember that there is no such thing as a "bad" question to ask about a house. A home purchase may be one of the biggest transactions you will complete in your lifetime. And if you devote time and energy to learn about all aspects of a house, you can ensure you are ready to purchase this home. Perhaps best of all, you can identify potential home problems that otherwise may prove to be costly and time-intensive down the line.

2. The Current State of the Housing Market

Differentiating between a buyer's market and seller's market is key, particularly for those who are ready to submit an offer to purchase a house. If you assess the local housing sector, you can find out whether a buyer's or seller's market is in place and submit an appropriate offer to purchase your dream residence.

In a buyer's market, homes may remain available for many weeks or months after they are listed. Thus, a seller may be willing to accept an offer to purchase, even if it falls below his or her initial home asking price.

Comparatively, in a seller's market, there is a shortage of quality houses available. And in this market, the best houses sell quickly, which means you likely will need to submit a competitive offer to purchase to secure your ideal home.

To determine if a buyer's or seller's market is in effect, take a look at how quickly houses are selling in your city or town. You also should find out if homes are selling at or above their initial asking prices. With this information in hand, you will be better equipped than ever before to submit a competitive offer to purchase your dream house.

3. Your Homebuying Budget

There is no need to overspend to buy your ideal house. Therefore, you should try to submit an offer to purchase that accounts for your homebuying budget.

Oftentimes, it helps to meet with banks and credit unions before you embark on a home search. This will allow you to get pre-approved for a mortgage and enter the homebuying journey with a budget at your disposal.

As you navigate the homebuying journey, you may want to hire a real estate agent, too. Because if you have a real estate agent at your side, you should have no trouble crafting a competitive offer to acquire your dream residence.


This Single-Family in Holyoke, MA recently sold for $237,000. This Ranch style home was sold by Kate Hogan - Brick & Mortar.


30 Sheehan Dr, Holyoke, MA 01040

Single-Family

$230,000
Price
$237,000
Sale Price

6
Rooms
3
Beds
1
Baths
Charming 3 bedroom home on a corner lot with a spacious yard perfect for relaxing and entertaining. Sought after neighborhood. Well maintained ranch style home with one level living. Inside you will find an eat in kitchen, newer windows, living room with wood floors and natural light, a renovated full bath with tub and shower, and 3 bedrooms all with wood floors. There is a finished room in the basement -could be used as an office, guest room, or family room. Ample storage space in the basement with a washer/dryer and sink. An opportunity to buy a beautifully affordable home in a great location!

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If you've bought a home that includes kitchen appliances, you may need to sell your current appliances before moving day. Fortunately, if you host a garage sale, you can sell a wide range of kitchen appliances in no time at all.

Some of the most popular kitchen appliances to sell at a garage sale include:

1. Refrigerator

In many instances, a homebuyer will request a refrigerator in a home offer. And if the seller accepts this proposal, a property buyer may need to get rid of his or her current refrigerator quickly.

Selling your refrigerator during your garage sale offers several benefits. First, you may be able to earn several hundred dollars for your refrigerator if it looks and performs great. You also can sell your refrigerator before your move, thereby eliminating the risk that you'll have to relocate this large, heavy appliance to your new address.

Evaluate the age and condition of your refrigerator prior to pricing it. That way, you can establish a competitive price for your appliance.

In addition, spend some time cleaning your refrigerator's interior and exterior. This will increase the likelihood that your refrigerator will stir up interest from garage sale shoppers.

2. Microwave

Although your kitchen microwave has served you well for many years, you likely have no need for two microwaves at your new address. Luckily, you can sell your current microwave now to earn extra cash prior to moving day.

Many microwaves are available, and as such, you'll want to learn as much as possible about your microwave. This will enable you to provide garage sale shoppers with plenty of information about your microwave's features.

Don't forget to test and clean your microwave before you add it to your garage sale inventory. By doing so, you can guarantee your microwave performs correctly and looks outstanding when you try to sell it during your garage sale.

3. Toaster

Your toaster has been a mainstay in your kitchen, but there may be no time like the present to sell it.

Remove crumbs and other food particles from your toaster as soon as possible. These particles can affect a toaster's performance, and in some instances, create fire hazards.

Furthermore, wipe down your toaster's exterior. An in-depth toaster cleaning will help you generate interest in your appliance during your garage sale.

Kitchen appliances usually are in high demand among garage sale shoppers. If you dedicate the necessary time and resources to clean and maintain these items, you should have no trouble selling them at a garage sale.

Lastly, if you plan to buy a home in the near future, you may want to consult with a real estate agent. This housing market professional can keep you up to date about new homes as they hit the market and help you submit offers on houses. Plus, a real estate agent will make it easy to plan ahead for a pre-moving day garage sale and ensure you can enjoy a seamless transition from one address to another.


This Single-Family in Amherst, MA recently sold for $451,000. This Colonial style home was sold by Kate Hogan - Brick & Mortar.


16 Forestedge Rd, Amherst, MA 01002

Single-Family

$389,900
Price
$451,000
Sale Price

8
Rooms
4
Beds
1/1
Full/Half Baths
Class Act! Meticulously maintained. This is the one you've been waiting for! Stylish Colonial in a sought after neighborhood on a cul de sac, close to town, area trails, UMass, all on a professionally landscaped half acre of land. Spacious lawn perfect for gardening with a Goshen stone patio and a deck for entertaining. Inside on the first level you will find an inviting modern kitchen with stainless steel appliances, living room with gorgeous built-ins, dining room, half bath with laundry, and a cozy den with access to deck. Hardwood floors throughout most of the house. On the second level there are 4 bedrooms and a full bath. The 4th bedroom could be used as an office. The kitchen and bathrooms have been remodeled with many other interior updates throughout the house. Full basement with plenty of storage. Charming Classic Colonial with modern updates, natural light, and great location! Showings start Friday afternoon. Please see showing instructions.

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The biggest area of your life that you need to understand before you buy a house is your own finances. Before you know what kind of house you can buy, you’ll need to understand your own buying power. While things like square footage, how many bedrooms you need, and finding the right neighborhood are important, you can’t go very far without some type of financing. While understanding how much you can spend on a property is one of the more serious parts of buying a home, it’s something that you’ll want to do. Knowing what you can spend on a home is a step to helping you land a home you love. If you understand your own numbers, you’ll know the chances that you have of an offer being accepted on a place you love.  


The Elements Of Your Buying Power


Your Credit Score


This little three digit number has a lot of meaning behind it. This is the most basic piece of information that lenders use to determine your loan worthiness. The factors that influence your credit score include:


  • Payment history
  • How much you owe
  • Length of your credit history
  • Mix of credit accounts
  • How much new credit you have opened


A low credit score is somewhere under 620. Having a score this low doesn't necessarily mean that you’ll be denied for a loan, but the type and amount of the loan you’re offered can be impacted. You’ll also face higher interest rates because of a low credit score. This means your mortgage could be considerably more expensive than if you had a higher credit score. 


Down Payment


The 20 percent down as a rule of thumb actually offers many benefits to your buying power. This means that you’ll need 20% down of the purchase price of the home in cash. If you put this amount of money (or even more) down on a home, it eliminates the need for you to have to buy PMI (Private Mortgage Insurance). You’ll even be able to negotiate a lower interest rate. A large down payment may be especially helpful in competitive markets where there is a lot of buyer competition.


How Your Financial Picture Appears


Your assets and your debt-to-income ratio are also important factors in your financial picture that you present to the lender. Basically, all of these numbers let both the lender and the seller see how committed you are to buying a home. It is one of the biggest financial undertakings of your entire life. If you can’t show financial responsibility, then it may be a bit difficult for lenders to see that you’ll actually pay your loan back in a timely manner.


The better all of your financial numbers are, the more buying power that you’ll have. If your numbers are good, you’ll be able to afford more house. While it may not be the most exciting thing to look over all of your financial numbers, it’s a vital step in the process of your journey to home ownership.




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