Listing Courtesy of DELMARVA RESORTS REALTY
When you find yourself poised on the brink of any new real estate venture, there’s no more important initial step than seeking out a great Ocean View Realtor® to round out your team. Without even thinking about it, everyone automatically knows that they want a real estate professional with the technical experience, communication skills, and local knowledge that such serious business requires. It also won’t hurt if your Realtor has bottomless reserves of energy and a positive attitude to match—as well as the sympathetic human traits that makes them a pleasure to work with.
There are lots of conventional channels that make it easy to identify perfectly well-qualified Ocean View Realtors (and we are lucky to have many talented ones here in the area)—but when you’re looking for the one who will sync with you and your ultimate goals, that level of rapport will most likely take an extra proactive step or two to secure.
Positive word-of-mouth is a good way to start, but it’s realistic to remember that the one making the referral may or may not share your priorities in a working relationship. You will be working together for a while, and depending upon each other to make some significant decisions—some of which could be made under pressure. When the team has good chemistry going for it, those decisions will come easier. A few ideas that people have found helpful in finding the right Realtor:
This is a good way to see a Realtor at work. Whether you are buying a Ocean View home or selling your own, dropping in unexpectedly will allow you to listen to what they say and how they interact with prospects. Don’t hesitate to be upfront about your own situation: a great Realtor will be able to help other potential buyers and deal with you without missing a beat!
You can also start conversations with prospective Realtors on social media to gauge how long it takes them to respond, whether or not they can give you detailed answers, and to see how they engage with other members of the public. This is a good way to tell if they use social media skillfully, building their brand while clearly valuing the people who interact with them.
The opinions of contractors, mortgage brokers and repair people can be valuable, too. Professional people have an insider’s view of the Ocean View Realtors who work hard to get the job done efficiently.
Of course, fine-tuning your choice should include doing the conventional legwork, too. Look at the Realtor’s listings, their track records, their accolades, and where they live. The rest is up to you. Needless to say, I hope I make it to your final cut!
For Sussex County renters who are beginning to investigate the possibility of buying a first house, the prospect can look like more than just a steep hill to climb—it can look more like a cliff! Just last month, the Daily Real Estate News cited recent research that indicates in most places (512 counties surveyed, in fact) it can take the average family more than twelve years to save up for a 20% down payment. When you consider the significant financial advantage that a first house brings its Sussex County owner, the situation seems like a Catch-22. How can you save any faster when that big tax advantage goes only to the existing homeowners?
If a decade-plus wait sounds unreasonable, there’s a lot you can do to trim the delay—
1) (Obvious) Cut excess spending
If you take notes for a month or so about how you really spend your money, you find that the little things really add up: morning coffee, daily lunches, planned and unplanned shopping expeditions all put serious dents in your wallet. Spot the expenditures, you can cut back on, then reduce or eliminate them as soon as possible.
2) (Less Obvious) Create a ‘First House’ account
Create a separate savings account with the single purpose of holding your first house down payment. Watching it grow month by month will more than make up for the inconveniences caused by scrimping on daily and other spending.
3) (Way Less Obvious) Pick up extra work
You may never have considered it, but sometimes moonlighting is a great way to add additional income that quickly build your First House account. If you have a hobby that lends itself to web sales, think of starting a store on sites like Etsy or Amazon.
4) Reduce your current bills
There are those bills that you can't quite get rid of -- cell phone, credit cards and other bills don't just go away because you're saving for a new Sussex County house. For some bills, though, there are options for slimming down your monthly payments. Try negotiating a lower APR or reducing your phone or cable plan.
5) Make (and stick to) a budget
Those notes you made up there on 1) can be the raw material for making a detailed budget that separates necessary expenditures from extras like gifts, trips and special nights out. Find creative ways to entertain yourself and get together with your friends. Hosting movie nights, finding free concerts, and moving cocktail hour to home are all surprisingly doable.
It may seem counterintuitive: why would you decrease the size of your current digs? If you can temporarily scale back, the lowered rent can materially boost your savings. If it’s at all practical, living with relatives might move the process along even more quickly!
The kind of scaling back that builds for a local first house down payment is a lot more fun if you can see quick progress. And the possibility of qualifying for a smaller than 20% down payment is also currently increasing. Give me a call for a realistic discussion of your own Sussex County first house purchase!