Steve Smith | Groton Real Estate, Dunstable Real Estate, Westford Real Estate, Nashua Real Estate


Buying a home can be fast and easy for just about anyone. However, becoming the "perfect" property buyer can be challenging, particularly for those who are shopping for a house for the first time.

The perfect homebuyer understands what it takes to land his or her ideal house at the best price. As such, he or she will know how to handle difficult homebuying situations and streamline the process of going from property buyer to property owner.

Ultimately, becoming the perfect homebuyer may be easier than you think – here are three tips to help you acquire your ideal residence quickly and effortlessly.

1. Study the Real Estate Market Closely

The real estate market has many ups and downs, but the perfect homebuyer will know the ins and outs of the housing sector. By studying the real estate market closely, this property buyer will be able to identify the right opportunities and overcome any potential homebuying hurdles.

Spend some time looking at the prices of homes that are currently available. This will allow you to find homes at price that you like – and homes at prices that you don't like – and map out your homebuying journey accordingly.

Also, take a look at homes that recently sold in cities or towns where you'd like to live. This will enable you to differentiate between a buyer's market and a seller's market.

2. Know What You Can Spend on a Home

The perfect homebuyer should have no trouble avoiding the temptation to overspend on a house. In fact, this homebuyer will understand how to get pre-approved for a mortgage, which will ensure that he or she can establish a property buying budget.

To get pre-approved for a mortgage, a homebuyer should meet with several banks and credit unions. Each meeting will enable a homebuyer to learn about the mortgage options that are available from a variety of lenders. Plus, a homebuyer can ask questions and discuss myriad mortgage options with these lenders.

With pre-approval for a mortgage, a homebuyer will be able to enter the housing market with a budget in hand. Then, this property buyer can narrow his or her search for the ideal residence.

3. Collaborate with a Housing Market Professional

Becoming the perfect homebuyer may require you to receive housing market guidance at times. Fortunately, if you work with a real estate agent, you can get top-notch support as you navigate the homebuying journey.

A real estate agent is a housing market professional who will go above and beyond the call of duty to assist you. He or she will be able to provide homebuying recommendations to help you make informed decisions. Also, a real estate agent will be able to keep you up to date about new houses as they become available, guaranteeing that you can speed up the homebuying process.

When it comes to buying a home, it is essential to do whatever it takes to acquire a first-rate residence at a budget-friendly price. Take advantage of the aforementioned tips, and you can move one step closer to doing just that.



515 Main St, Groton, MA 01450

Condo

$193,900
Price

5
Rooms
2
Beds
2
Baths
Sunny 2 bedroom condo at conveniently located Groton Residential Gardens. Just outside of Groton center and near the shops at Mill Run Plaza, this 1st floor unit has an open floor plan with the living room, kitchen & dining area. Fully applianced kitchen along with a breakfast bar and large pantry. The master bedroom is situated at the back of the unit with its own deck (room enough for a couple of chairs!) facing peaceful woods. The master has a walk in closet and an en suite! Need a guest room or home office? The spacious 2nd bedroom also has a good sized closet. No need to go to the laundromat...this unit includes the washer & dryer in the hall closet! 1 YEAR AHS HOME WARRANTY INCLUDED! This is a 40B unit which is subject to affordable housing and resale restrictions. Income and asset limits apply. Unit must be owner occupied. Subject to seller finding suitable housing.
Open House
No scheduled Open Houses




If you are thinking of buying a home in the near future, there’s one three-digit number that could be oh so important to you. That number is your credit score. Read on to find out how a credit score can affect you and the steps you can take to be sure that your credit is in good standing when you head to apply for a mortgage. 


What Is A Credit Score?


Your credit score is checked by lenders of all kinds. Every time you apply for a loan or a credit card, there’s a good chance that your credit score is being pulled to see if you qualify for the loan. Your credit score is calculated based on the information on your credit report. This information includes:


Payment history

Debt-to-credit ratio

Length of credit history

New credit accounts opened


The areas with the most impact on your score is your payment history and your debt-to-credit ratio. This means that on-time payments are super important. You also don’t want to get anywhere close to maxing out your credit cards or loan amounts to keep your score up. 


What’s A Good Score?


If you’re aiming for the perfect credit score, it’s 850. Most consumers won’t reach that state of perfection. That’s, OK because you don’t have to be perfect to buy a house. If your score is 740 and above, know that you’re in great shape to get a mortgage. Even if your score is below 740 but around 700 or above, you’ll be able to get a good interest rate on your mortgage. Most lenders typically look for a score of 620 and above. Keep in mind that the higher your credit score the better your interest rate will be.    



What If You Lack Credit History?


Most people should get a credit card around age 20 in order to begin building credit. You can still qualify for a mortgage without a credit history, but it will be considerably harder. Lenders may look at things like your rent payments or car payments. Lenders want to know that you’re a responsible person to lend to. 


What If Your Score Needs Help?


It doesn’t mean you’re a hopeless case if you lack good credit. Everything from errors on your credit report to missed payments can be fixed. The most important thing that you can do if you’re buying a home in the near future is to be mindful of your credit. Keep an eye on your credit report and continue to make timely payments. With a bit of focus, you’ll be well on your way to securing a mortgage for the home of your dreams.        





3 Colchester Road, Windham, NH 03087

Single-Family

$595,000
Price

3
Bedrooms
10
Rooms
2/1
Full/Half Baths
Set back from the road and peacefully nestled in the trees is this spacious 3300+sqft contemporary home. A beautiful paver walk leads to the elegant entrance. Inside, step down to the spacious living area. The family room with double sided stone fireplace, wet bar area with granite counters, and pocket doors along with an open living room which is adjacent to the dining area and breakfast nook. The dining room and breakfast nook flow into the updated kitchen with granite counters, breakfast bar, new appliances and two pantries. Still working from home? Separate office w/dedicated heat zone & exterior access provides your quiet space! Large master w/16 long walk in closet & en suite. Sizable additional bedrooms. Loft area is perfect for a reading nook. Newly created laundry room on the 2nd floor with sink and storage. Huge storage area on the 2nd floor over the 3 car garage. Screened porch with ceiling fan is perfect to enjoy the evenings & watching wildlife. Tile floors in all wet areas. Carpeted stairs. The rest are hardwood. Why not make this your new home? Pictures & floor plan coming soon!
Open House
No scheduled Open Houses




This Single-Family in Nashua, NH recently sold for $340,000. This Cape style home was sold by Steve Smith - Coldwell Banker Residential Brokerage - Westford.


81 Westwood Drive, Nashua, NH 03062

Single-Family

$340,000
Price
$340,000
Sale Price

4
Bedrooms
9
Rooms
2
Baths
Conveniently located, this 4 bedroom, 2 full bath home awaits you! Flexible floorplan makes this easy living with multiple home office options! Comfortable space on the first floor which includes the kitchen, dining room (w/hardwood floor!), living room, a bedroom and a full bath. Hardwood stairs bring you to the 2nd floor where the front to back master with 2 large closets awaits you. Two additional bedrooms (1 with a loft!) and another full bath. The walk out lower level is mostly finished & heated w/a ceramic tile mudroom area w/2 closets flowing into two additional rooms. A separate office space with built in desk and cabinets could be your primary WFH space. Huge wrap around deck is great for hosting company with plenty of space for social distancing. Maintenance free vinyl siding along with a newer roof, windows, bathrooms, heating system, on demand hot water heater all means you will be enjoying the terraced yard instead of working on your home! Conveniently located near exits 1 and 4 off rt 3, this home has quick access to all of Nashua's amenities.






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