Sean Perkins - Stone Ridge Properties



Posted by Sean Perkins on 9/27/2017

Finding the ideal home for your family's needs is no easy task, but if you stay organized and focused, the right property is sure to come along!

One of your most valuable resources in your search for a new home is an experienced real estate agent -- someone you trust and feel comfortable working with.

They'll not only set up appointments for you to visit homes in your desired price range and school district, but they'll also help keep you motivated, informed, and on track. Once you know and have shared your requirements (and "wish list") with them, your agent will be able to guide you on a path to finding the home that will best serve your needs -- both short- and longer term.

In addition to proximity to jobs, good schools, and childcare, you'll probably want to pick a location that's close to supermarkets, recreation areas, and major highways. If you have friends or family in the area, then that would also be a key consideration.

While your immediate needs are a good starting point for creating a checklist of requirements, it's also a good idea to give some thought to what you may need in the future. Plans to expand your family, possibly take care of aging parents, or adopt pets are all factors to consider when looking at prospective homes to buy.

If you have college-age children or recent graduates in the family, you might have to save room for them in your new house. Many grads need a couple more years of financial and moral support from their parents (not to mention home-cooked meals) before they're ready to venture out on their own. Houses with a finished basement, a separate in-law apartment, or even a guest cottage on the property are often well-suited for multigenerational households.

In many cases, people tend to buy a home based on their emotional reaction to it, and then justify the purchase with facts. For example, if the price was right and a particular house reminded you of your childhood home, then that combination of elements could prompt you to make an offer on the house -- assuming those childhood memories were happy!

Sometimes prospective buyers might simply love the look and feel of a neighborhood or the fact that there's a spacious, fenced-in back yard in which they can envision their children or dogs happily (and safely) playing.

According to recent surveys, today's buyers are attracted to homes that have energy efficient features, separate laundry rooms, and low-maintenance floors, counter tops, and backyard decks. Gourmet kitchens, stainless steel appliances, a farmhouse sink, a home office area, and outdoor living spaces are also popular features. Although your tastes may differ, many house hunters also like design elements such as subway tiles, hardwood floors, shaker cabinets, pendant lights, and exposed brick.

When it comes to choosing the home that you and your family will live in for the next few years, your top priorities will probably include a sufficient amount of space, plenty of convenience, and a comfortable environment in which you and your loved ones can feel safe, secure, and happy for the foreseeable future!





Posted by Sean Perkins on 3/30/2016

Buying a home is an important decision. That decision can often be an emotional and confusing time. While buying a home is not always about the numbers a little market knowledge can go a long way. Market statistics are also helpful for home sellers to place their home competitively in the marketplace. Here are some helpful stats every buyer (and seller) should know: 1. What kind of market it is There are typically three kinds of markets, a buyer's market, a seller's market and a normal or balanced market. Remember all real estate is local so if you have a question about what kind of market it is in your area be sure to consult with a real estate professional who can help give you the local information and statistics. 2. Average home prices Having a good grasp on the average sales price in your marketplace will help you know the pool of buyers you have to compete with when buying a home. If you are selling you will know if you have large or small pool of buyers. A home above the average will have a smaller pool and a home below will have a bigger pool of buyers who can afford the property. 3. Absorption rate The absorption rate is also known as the amount of inventory. The absorption rate calculates the amount of time a home is likely to sell in. To figure out the absorption rate divide the total number of available homes by the average number of sales per month. A high absorption rate (5 months or less) indicates a homeowner should sell in a shorter period of time. A low absorption rate (7 months or more) indicates a homeowner should sell in a longer period of time. A normal or balanced market has an absorption rate between 5 and 7 months. 4. Mortgage rates                                                                                                                       Mortgage rates vary depending on the type of loan, your credit and other factors. You should at least have knowledge of what the going rate is for mortgages. You may want to get more than one opinion on a mortgage. All of this information is readily available when working with a real estate professional. Remember to always use a trusted professional when making large financial decisions.