James Conforti and Domingo Medina - Coldwell Banker Residential Brokerage



Posted by James Conforti and Domingo Medina on 1/18/2018

If youíre on the hunt for a home, youíre undoubtedly excited. You might be eager to ask a lot of questions and get all the information that you can. Youíre also probably eager to share quite a bit of information about yourself and your home purchase. While this is a great approach, this isnít the case for everyone youíre involved with in your real estate transaction. When youíre dealing with the sellerís agent, more information isnít always better. You donít need to share as much information with them as you may think you do. Your agent as a buyer is your advocate. They do know a lot of information about you, and they should. Your buyerís agent knows everything from your budget to your needs and wants. The sellerís agent doesnít need to know any of this! This is why you hire a buyerís agent in the first place. Hereís what you shouldnít divulge to a sellerís agent and why:


Your Opinion Of The House


Youíll want to be as neutral as possible when it comes to how much you like or dislike a house. While itís perfectly fine to let the agent know that you feel at home in the space and are interested in putting in an offer, you don't need to get into too many details. 


On the flip side, if you have a few things that you donít like about a house, you should keep those to yourself. You donít want to decide to put an offer in on the home, only to be seen as a less than serious buyer. In hot markets, you should always give yourself the upper hand. 


Your Budget


You should never let a sellerís agent know how much youíre looking to spend on a home. If sellers know how high or how low youíre willing to go on a home purchase, both the buyer and the seller should get a fair price for the home. Your goal as a buyer is to have your offer accepted at the best possible price. 


Let Your Agent Do His Job


While it can be hard in the midst of excitement, you should really let your agent do most of the talking when it comes to a home purchase. Your agent can help you through everything from negotiations to working with your lender to navigating you through open houses. Your agent may even be able to attend quite a few open houses right along with you. This way, youíll have someone else to do the talking for you. Just remember the tips above in case youíre flying solo through some home tours. While itís great to be eager on your home search, itís never to your benefit to be overzealous.





Posted by James Conforti and Domingo Medina on 12/21/2017

When you budget to buy a home, you sit down, do the math, and try to estimate what all of your monthly costs will be. There are so many monthly costs that come with being a homeowner that can make the whole process complicated. Sure, you have taken the standard costs into account like home insurance, property taxes, and even utilities. But there are a few out-of-the-box costs that youíll need to consider for your house hunt.


Flood Or Other Natural Disaster Insurance


Natural disasters are costly and devastating. Many homeowners who live in areas that are affected by natural disasters like floods and earthquakes often opt for additional coverage for their homes. Premiums for earthquake and flood insurance often end up being very high. As a natural disaster strikes, these premiums can go up even more. If you live in one of the high-risk areas for natural disasters, youíll want to check with your insurance agent ahead of time to plan for the additional costs that these special kinds of insurance will incur.


Water Costs During A Drought


There are many areas across the US that suffer drought conditions from time to time. Your water bill can skyrocket during these times. Itís best to continue conserving water and watch your bill closely in order to try and save some costs. Thereís not a whole lot you can do otherwise to control your bill. Youíll need to stay prepared with some extra cash on hand in case of these emergencies and know that costs can rise due to different environmental conditions.  


Tax Hikes And Special Assessments 


As a homeowner, youíll need to prepare for different kinds of assessments and tax increases. If your condominium complex needs significant repairs then youíll probably end up paying an assessment to help offset the costs. This is what comes with belonging to a homeownerís association. 


You canít prevent that the town is building a brand new school that requires a tax increase, nor can you prevent roof damage on one of the buildings in your complex. Financially, this is a hidden cost of homeownership that you should be prepared for. 


Unexpected Maintenance Costs And Home Furnishings


Once you move into a home, youíll need to prepare for the unexpected. The dishwasher may need to be replaced. The roof may need repair. The walls may need some paint. 


When you buy a home you may also need a bunch of things to furnish the home. These could include dishes, pots and pans, sofas, beds, and more. You donít want to leave your new home completely empty! You also donít want to be without vital appliances like an oven or a sink for too long if they are outdated or in disrepair. This is why itís a good idea to have extra money on hand to deal with any of these costs.


The best rule of thumb to follow when buying a home is to always be prepared with a but of extra cash on hand to avoid major issues down the road.           






Posted by James Conforti and Domingo Medina on 12/7/2017

If you've been pre-approved for a mortgage, you can enter the housing market with a budget in hand. In fact, this mortgage will enable you to spend up to a certain amount on a house. But in many instances, it pays to buy less house than what you can actually afford.

Ultimately, there are many reasons to consider purchasing a house below your means, such as:

1. You might not have to worry about significant home maintenance.

A small house likely means less home maintenance than would be required in a large house. Therefore, you may be able to spend less time worrying about keeping your residence looking great if you acquire less home that what you can afford.

Of course, let's not forget about the money that you might save by purchasing an affordable residence. If you buy an inexpensive home, you may be able to use the money that you save to hire professional home cleaners, landscapers and others to help you enhance your residence's appearance.

2. You'll be better prepared than ever before for unexpected expenses.

There is no telling when a family emergency, natural disaster or other dangerous situations may arise. Fortunately, if you spend less on a house now, you may be better equipped than ever before to handle the expenses commonly associated with these unforeseen events.

Purchasing a cheap house may prove to be valuable if you encounter costly, time-intensive home repairs down the line too.

For example, your home's roof won't last forever, and you likely will need to fix or replace it at some point. But if you purchase a budget-friendly home, you may be able to save extra money that you can use to cover the costs associated with various home repairs.

3. You'll have more money that you can use to personalize your house.

The money that you save on a house today may be used to upgrade your home both now and in the future.

For instance, if you want to install a deluxe swimming pool or fire pit in your backyard, spending less on a house now may provide you with the financial resources that you need to fund these projects. And if you complete a broad range of home renovations, you may be able to increase your house's value as well.

Deciding how much to spend on a house can be a tough decision for any homebuyer, at any time. If you collaborate with a real estate agent, you can explore a vast array of residences that fall within your price range.

A real estate agent will learn about your homebuying goals and tailor your home search accordingly. He or she also will set up home showings, keep you informed about new residences that become available and ensure that you can discover a home that matches or exceeds your expectations.

Consider your budget closely as you prepare to kick off a home search. By doing so, you should have no trouble finding a terrific house at an affordable price.





Posted by James Conforti and Domingo Medina on 11/9/2017

Finding your dream home can be an uphill climb, one that may prove to be both costly and time-consuming. Fortunately, real estate agents are available that can help you discover your ideal residence without delay. There are many great reasons for a homebuyer to work with a real estate agent, including: 1. Industry Insights A real estate agent understands the lay of the land, and as such, can offer insights that you might struggle to find elsewhere. For example, a real estate agent likely works with peers to understand the homes available in certain areas. As a result, this professional may be able to offer comprehensive insights into areas where home values are rising and declining. Furthermore, a real estate agent is happy to share his or her industry insights with homebuyers to help these buyers simplify the process of finding the right residence at the right time. 2. Broad Reach A real estate agent may be able to help you explore recently listed homes, houses with prices that recently were reduced and other residences that meet your criteria. Typically, a real estate agent will work with you to understand your wants and needs and help you extend the scope of your home search. And ultimately, working with this real estate agent will ensure that you can discover a wide range of great homes that will fit your lifestyle perfectly. For homebuyers who want to expand their real estate searches, collaborating with a real estate agent is ideal. With this agent at your disposal, you'll be better equipped to find a vast assortment of houses that deliver exactly what you want and need. 3. Support with Home Sellers As a homebuyer, how will you approach a situation where you want the home seller to complete repairs before you move into your new residence? This can be an extremely tough situation for any homebuyer, but those who hire a real estate agent won't have to worry about dealing with this scenario on their own. Comparatively, working with a real estate agent ensures that you have a friendly, hardworking real estate professional at your side, one who will help you take the guesswork out of the homebuying process. A real estate agent will serve as the liaison between you and a home seller. Thus, any time you need repairs before you finalize the purchase of a new residence, your real estate agent will work with the home seller to ensure these tasks are completed quickly and efficiently. Many real estate agents are available to homebuyers, and finding real estate professionals who possess the skills and know-how to help you discover your dream home can be quick and simple. In fact, homebuyers who evaluate the real estate agents in their area are sure to find a great agent to work with at any time. Choose a real estate agent to guide you along the homebuying process. By doing so, you may be able to speed up your search for the perfect residence and find a home that meets all of your criteria immediately.





Posted by James Conforti and Domingo Medina on 11/2/2017

The homebuying process can be stressful, particularly for those who are purchasing a house for the first time. From the time it takes to find your "dream" home to the final closing, there may be many hurdles that you'll need to overcome to secure your ideal home. As such, it sometimes can be difficult for a first-time homebuyer to maintain a positive outlook during the most challenging times.

Lucky for you, we're here to help you remain calm, cool and collected throughout the entire homebuying cycle.

Now, let's take a look at three tips to help first-time homebuyers maintain a positive outlook at each stage of the homebuying journey:

1. Establish Realistic Expectations

Although first-time homebuyers would like to believe the property buying journey will be quick and seamless, it is important to realize that problems can arise without notice. However, homebuyers who understand the ins and outs of purchasing a house should have no trouble identifying potential issues and minimizing their impact.

For example, a homebuyer who defines his or her ideal residence can narrow a home search accordingly. This homebuyer also will be able to check out a variety of houses based on assorted property buying criteria and boost his or her chances of discovering the perfect residence without delay.

A homebuyer who establishes realistic expectations will be ready for the worst-case scenarios too. And if this homebuyer submits an offer to purchase a home that ultimately gets rejected, he or she will remain confident and be ready to restart the homebuying cycle from stage one.

2. Become an Informed Homebuyer

A first-time homebuyer who learns about the housing market can improve his or her chances of getting the best possible results.

Allocating the necessary time and resources to understand the differences between a buyer's market and a seller's market, for instance, can make a world of difference for any homebuyer, at any time.

Furthermore, an informed homebuyer may be more likely than others to get pre-approved for a mortgage. With a mortgage in hand, this property buyer can set a budget for his or her home search and increase the likelihood of securing a terrific house at an affordable price.

3. Work with a Real Estate Agent

When it comes to purchasing a home for the first time, why should a homebuyer leave anything to chance? Instead, a homebuyer can work with a real estate agent to reduce the risk of potential pitfalls throughout the homebuying cycle.

A real estate agent is happy to respond to a homebuyer's concerns and questions as the property buying journey progresses. This housing market professional will even help a homebuyer maintain a positive outlook, regardless of what happens. That way, a real estate agent can assist a homebuyer through both good times and bad and ensure a property buyer can purchase a first-rate house that matches or exceeds his or her expectations.

Take advantage of these tips, and any first-time homebuyer can keep things positive at each stage of the homebuying cycle.







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