Rachel (Hillman) Foy - Hillman Homes



Posted by Rachel (Hillman) Foy on 2/12/2020

The homebuying process may prove to be challenging, particularly for individuals who fail to anticipate potential problems. Lucky for you, we're here to help you identify and address homebuying hurdles before they escalate.

Now, let's take a look at three tips to ensure you can seamlessly anticipate and overcome homebuying hurdles.

1. Learn About the Housing Market

The real estate market can be complex. Fortunately, an informed homebuyer should have no trouble resolving potential problems early in the property buying journey.

Examine a wide range of housing market data – you'll be glad you did. Look at the prices of recently sold houses – as well as the prices of available residences – in your preferred cities and towns. With this housing market information, you'll be better equipped than ever before to differentiate a buyer's market from a seller's one and plan your homebuying journey accordingly.

2. Get Home Financing

If you intend to pursue a house, you likely will need a mortgage. Thankfully, banks and credit unions are available to help you obtain a mortgage in no time at all.

Ultimately, it helps to get pre-approved for a mortgage. If you enter the housing market with a mortgage in hand, you can narrow your house search to properties that fall within your price range. And as a result, you could speed up the process of finding and buying your dream house.

When you meet with lenders, don't hesitate to ask lots of questions, either. If you allocate time and resources to learn about all of your home financing options, you can determine exactly which option is right for you.

3. Employ a Real Estate Agent

There is no need to pursue a house on your own, regardless of whether you're an experienced or first-time property buyer. But if you employ a real estate agent, you can work with a homebuying expert who can help you make your homeownership dream come true.

A real estate agent understands what it takes to find a great house at an affordable price. He or she can teach you about the housing market and help you make informed decisions at each stage of the property buying journey. Perhaps best of all, a real estate agent can prepare you for potential homebuying hurdles and ensure you can quickly address these issues.

Let's not forget about the assistance that a real estate agent provides as the homebuying journey progresses as well. A real estate agent will set up home showings, help you weigh the pros and cons of different houses and ensure you can submit an offer to purchase your dream residence. And as you approach the date of your home closing, a real estate agent will offer tips and recommendations to ensure you can finalize your house purchase without delay.

Want to avoid homebuying hurdles? You're not alone. But with the aforementioned tips, you can identify and overcome various homebuying hurdles and effortlessly navigate the property buying journey.




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Posted by Rachel (Hillman) Foy on 2/6/2020

WOW! Gorgeous views of the city and water at Harbor Towers on the 23rd floor. Fall in love with this stunning corner two bedroom unit with two spacious bedrooms and 2.5 baths. Gleaming Brazilian floors in the open concept living/dining room with large windows, sliding glass door to private balcony & incredible water views! Designer eat-in kitchen with gas cooking, breakfast bar and stainless appliances. The master suite features a custom walk-in closet and has en-suite luxurious bath with vanity and designer tiled shower. Fabulous location on the waterfront between Rowes Wharf and the Aquarium. Easy walk to the Financial District and North End restaurants/shopping. Amenities include 24-hour concierge & gated security, seasonal outdoor pool, and rental parking available.

More Info on this Property | New Listing Alerts




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Posted by Rachel (Hillman) Foy on 2/5/2020

Image by Jan Vašek from Pixabay

One of the biggest hurdles people face when looking for a home is applying for a mortgage. While applying for a mortgage is relatively straightforward, finding favorable terms might be more challenging. Many buyers are surprised by how broad the terms of a mortgage might be. With this in mind, it is critical to understand the most common mistakes people make when looking for a mortgage.

Not Looking Locally First

The most common mistake people make when looking for a mortgage is not looking locally first. Many are tempted to use the internet to seek out a loan. While there is nothing wrong with looking around (in fact, this is encouraged), don't forget to head to the traditional bank or credit union a few miles down the road. There are professionals who are interested in building a relationship with the local community often providing more favorable terms.

Assuming All Mortgages are the Same

Don't assume all mortgages are the same. This is far from accurate. Applying for a mortgage can be an involved process that people rarely want to do this more than once. You may assume the next lender will offer similar terms. In reality, some lenders might be willing to wave origination fees or points on the mortgage. Some might even offer a lower interest rate, be sure to ask what special offers may be available.

Not Locking In the Rate

One of the common questions people face when applying for a mortgage is whether or not they would like to lock in the rate. The fear of locking in the rate is that, if the mortgage rates drop, they might miss out on the opportunity to save money. On the other hand, people also forget the alternative. The rate might actually go up. The downside to this is that their monthly mortgage payments may not be affordable anymore. Go ahead and lock in the rate.

Not Putting Enough Money Down

Lastly, many try to save money by not putting enough cash down. When you don't put enough money down, you may end up with a higher interest rate and a higher monthly mortgage payment. Additionally, you may have to purchase Private Mortgage Insurance, also known as PMI, for the lender making the monthly payment even higher. To prevent this from happening, make sure the down payment is large enough to satisfy the lender, usually between 10 and 20 percent.




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Posted by Rachel (Hillman) Foy on 1/29/2020

Photo by NeONBRAND on Unsplash

The headboard has become an integral part of bedroom furniture in the contemporary bedroom. Often the centerpiece of a bedroom, there are many design options available to you. Some are simple and understated. Others may feature cushioned back support, storage functions or built-in reading lights.

Wooden

Wooden headboards are a classic and timeless choice. Traditional wooden styles can take center stage or be beautifully understated, letting your bedding or other design features take the spotlight. You’ll find paneled options, mission, spindle or sleigh styles and even variations that incorporate shelving or drawers for storage. Modern options could use simple shapes that highlight rustic or distressed finishes.

A wooden headboard doesn’t have to be traditional. For a more unusual wooden option, consider repurposing an intricate antique door or a hand-carved medallion. 

Upholstered

Upholstered headboards are often finished with fine textiles like velvet and satin but they can also be found in leather or leather-like materials. There are plenty of understated styles that come in standard sizes but many upholstered headboards are quite large and can become a natural focal point for the room. Sophisticated details like brass nailheads or thick piping are often used in these designs.

There are DIY options available that can show you how to add upholstery to an existing headboard. Consider this option if you already have a headboard that is a size that fits your space well.

Paint or Textiles

If your room is on the smaller side and you want to conserve space, incorporate a headboard that is either painted on the wall or created with hanging textiles.

If you opt to paint, carefully measure and draw your design on the wall where the head of your bed will be. Use painters tape to achieve a crisp line. It’s easy to repaint if you change your color scheme or bedroom style so this is a good option if you often like to refresh your space.

If textiles are a better fit for you, consider installing a decorative curtain rod near the ceiling line above your bed. You can use the curtain rod to hang curtains, tapestries or even macrame or woven pieces. If you have a few bedding sets that you cycle through, this gives you the flexibility to easily update the hanging textile to match.





Posted by Rachel (Hillman) Foy on 1/22/2020

While it's not always possible for conditions to be "perfect" when a real estate agent is showing a home for sale, things usually go more smoothly when homeowners are not present.

There are several reasons for this, including the fact that the family's presence at a real estate showing may make the prospect feel self conscious and uncomfortable.

Among other things, the potential buyer may feel like they're intruding and being an imposition. Some buyers also find it harder to concentrate on the many details they need to focus on to evaluate the home.

The ideal scenario happens when house hunters are able to picture themselves as the future owners of your home -- perhaps imagining what it would feel like to cook dinner in your kitchen, entertain guests in your living room, and relax on the back porch. However, when you and your family are there, it makes it more difficult for them to conjure up those images in their mind. So, to the extent that it's possible, it's often a good idea to take the kids out for ice cream or go on a short trip to the mall when a showing of your home is scheduled.

Granted, it may be a little inconvenient -- especially if the visit was set up at the last minute -- but you don't want to unintentionally dissuade someone from making an offer on your house. You never know what might "upset the apple cart!" There's a lot at stake and every prospect is a potential buyer.

Ideally, prospects should feel unpressured, unhurried, and free to express their opinions about what they're seeing. If they feel like they have to weigh their words carefully and be discreet about every reaction, then their discomfort may spill over into their feelings about the house, itself. Since buying a home is often an emotional decision, any negative feelings in the prospect could potentially derail the chances of a purchase offer being made.

Real estate agents not only serve as knowledgeable "tour guides" and objective sources of information for house hunters, but they're also there to accentuate the positive and minimize the negative aspects of a property. One of their main objectives is to put prospects at ease and help them appreciate all the desirable aspects of your home.

There are dozens of details, property features, unique attributes, and flaws that potential buyers are trying to assimilate and remember, so the fewer distractions there are, the better! That's why it makes sense to keep the atmosphere as uncomplicated as possible. It can be a bit of a delicate balance for real estate agents to maintain, but most have the training, experience, and finesse to keep things on an even keel and moving forward!







Rachel (Hillman) Foy