Get new listings emailed daily! JOIN SIGN IN
Denise Salamone
REALTOR®, GRI, ABR
(410) 375-3689
(410) 561-0044
Facebook Icon LinkedIn Icon Realtor.com Icon Zillow Icon 

Denise's Blog

Denise's Blog Home

Subscribe and receive email notifications of new blog posts.




rss logo RSS Feed
Uncategorized | 3 Posts
June
28

If you're thinking about selling, now is the time. Jumpstart your home sale by me and take the first step towards your life's next great adventure.

mortgage.png

 

June
28

Summer is just around the corner and with it comes the heat. Energy bills during this time of year can really be a pain, but if you use smart, energy-efficient strategies, you can save yourself some real cash. Beat the heat this summer by using these 5 smart tips!

 

ThermometerHot_302901386

 

1. Block Sunny Windows
Sunlight streaming through your windows offers a ton of natural light, but it also brings a ton of pure heat into your home. Avoid the heat by covering up all of the windows on the sunny side of your house. Denser coverings are better, but a simple curtain will do. The more sunlight you block from entering your home, the cooler your home will stay.

 

2. Leave Windows Open at Night
Most nights the outdoor temperatures drop below the level of your air conditioning. Take advantage of this by opening your windows for the night. You can start doing this as early as mid-spring. Although your mornings may be slightly colder, the chill will keep your home cooler longer.

 

3. Use Your Ceiling Fans
A ceiling fan can be an inexpensive tool for keeping your home cool. To utilize this feature to your advantage, set your ceiling fan to spin counterclockwise. This will cause a downdraft, allowing air in the center of the room to move and create a wind chill effect. This cools your skin and makes higher indoor temperatures tolerable.

 

4. Take Cold Showers
Cold water is cheap. By taking cold showers, you can cool yourself off and save money! This will greatly lower your body temperature, allowing you to enjoy the warmer temperatures a bit longer.

 

5. Cook Outside
Ovens and stovetops can heat up a home quickly, making your kitchen hot and stuffy. Take your cooking outside and grill instead! Doing so keeps all of the heat outdoors, leaving your home cool and eliminating the need for your air conditioning to work overtime.

June
28

Buying a house should never be entered into lightly, and often many potential buyers may not realize just how much work it actually takes or understand the process involved. Doing as much research as possible can help determine exactly what is needed to put you in the best possible position to make a purchase.

CoupleUsingLaptop_531086104.jpg

Here are ten great ways to help you identify the point at which making a home purchase becomes feasible for you:

1) Little to no credit card debt

When you're trying to get a mortgage, perhaps the most important aspect of doing so is getting your credit card debt reduced as close to zero as possible, according to Money Under 30. That's true for two reasons. First, the size of your credit card balance is relative to your limit and makes up a significant portion of your credit score. Second, lenders look at the debt-to-income ratio. As long as you're carrying relatively small balances from one month to the next (or ideally, not carrying a balance at all), you'll be in good shape.

2) All other loans paid off

One of the biggest hurdles for the millennial generation, when it comes to being financially capable of buying a home, is student loans. It may not be wise to try to buy until your loan balance is under control, but that doesn't mean they have to be paid off in full. However, they certainly need to be somewhat small relative to your income.

3) Tens of thousands of dollars in savings

If you're trying to buy a home in today's market, you'll almost certainly need to make a sizable down payment. While it's possible to get mortgages with down payment requirements as low as three percent, the added long-term expense could end up costing you significantly over the life of the loan. Making as large a down payment as possible is going to keep your borrowing costs down.

4) A rainy day fund

In addition to the money that will go toward your down payment, it's vital to have some additional money saved just in case something goes wrong with the home, according to Mint. As a general rule, having about $1 per square foot – or one percent of the purchase price – in the bank will help cover some basic expenses you're likely to encounter after your home purchase.

5) A long-term plan

Whether you're buying a home for a whole family or as a single person, you need to know what your situation is going to look like two, five, 10 or even 20 years down the road. That will influence a lot of decisions about the kinds of homes you're looking to purchase – i.e. not buying a small one that you'll have to move out of in a few years when you have kids – and how much work you'll have to put in to make sure your finances are in good enough shape to do so.

6) Reliable income

Lenders also want to make sure you're going to be able to keep up with your mortgage payments in the long term, so a steady job is a must, according to Credit Sesame. While no one can predict their employers' future with 100 percent accuracy, it might not be a good idea to go house hunting at a time of turmoil. As long as you're fairly confident in your position, shopping should be no problem.

7) A comfortable cushion

One issue some homeowners encounter after buying a home is they've pushed themselves so far financially trying to get ready for the real estate sales process, that they come out the other side in rough financial shape. Being "house poor" means people own a house but otherwise struggle financially because of the cost of that property. You'll need to make sure you're not buying too much house or else risk running into other financial problems, even if you can technically afford the mortgage and other costs.

8) An understanding of what constitutes affordability

Along similar lines, it's vital to not only factor in the cost of the mortgage, taxes and so on, but also other expenses. This may include higher electric and heating bills that come with living in a bigger space, more costly insurance coverage (especially if your new home is in an area prone to flooding) and so on. Sitting down and doing the math around the true cost of homeownership will help you avoid being house poor or running into expenses you might not have realized will crop up.

9) A list of must-haves and nice-to-haves

When people actually start shopping for homes, it can be easy to fall in love with certain properties, according to Forbes. However, while it would be nice to have a state-of-the-art kitchen with stainless steel appliances, it's probably going to be expensive and not necessary to your happiness in the home. Having a list of things that you will absolutely need out of your new property – big backyard for the kids, a finished basement for a home office, etc. – will sway your choices and help you get a better idea of what you can actually afford.

10) A talented and experienced agent

The key role of real estate professionals in every portion of the process cannot be overstated. They will be able to help first-time buyers as well as those who have previously been through the process get as prepared as possible so they can maximize their understanding of the value they get out of buying a home. Experienced agents have likely seen it all and can help shepherd any client through a sale – as either buyers or sellers – with ease.

 

Buying a home is usually going to be the biggest purchase you will make in your entire life, so it's important to put in a lot of legwork – over a period of months or more – to ensure things go as smoothly as possible at each step of the shopping process. That, in turn, will help you feel more confident in your ability to make a purchase and know that you've done everything right.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/26/2022. The listing information on this page last changed on 09/26/2022. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Bright MLS (last updated Mon 09/26/2022 11:41:51 PM EST) or CJARMLS (last updated Fri 05/20/2022 2:39:11 PM EST). Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Homesale Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

Privacy Policy / DMCA Notice / ADA Accessibility
Federal Housing Equal Opportunity Realtor
Corporate Office - 215 S Centerville Rd. Lancaster, PA 17603 - 800-383-3535

©2022 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. Equal Housing Opportunity.


Agent License Information: 
Licensed in Maryland and Pennsylvania
Denise Salamone

124 N. Main Street, Bel Air, MD, 21014
410-697-8100
 

53 W Aylesbury Road, Timonium, MD 21093
410-561-0044

Login to Saved Search

Login to Saved Search