Sharon Lanen Coskren - Leading Edge Real Estate Sharon Lanen Coskren



Posted by Sharon Lanen Coskren on 2/21/2020

The amount of money you will need to ensure you can purchase a house varies based on a number of factors. For example, if you want to purchase a house in a big city, you may need to save more money than you likely would require to buy a residence in a small town. Meanwhile, your decision to choose a fixed-rate mortgage over an adjustable-rate mortgage or vice-versa can impact your monthly housing costs. And let's not forget about the costs of home utilities like electricity and water, either.

Ultimately, it helps to put together a homebuying budget before you embark on a house search. Because if you know how much money you have at your disposal, you can map out your house search accordingly. And as a result, you can minimize the risk of spending too much to acquire your dream residence.

Let's now take a look at three tips to help you craft an effective homebuying budget.

1. Evaluate Your Current Expenses

An in-depth assessment of your current monthly expenses is key. If you conduct an expense evaluation, you can find out how much you spend on various must-haves and wants. You then can take steps to reduce your monthly expenses and increase your savings for a new home.

It also never hurts to consult with a financial planner. If you have a financial planner at your side, you can gain expert insights to help you evaluate your current expenses. Plus, you can work with a financial planner to determine the best course of action so you can eventually buy your dream residence.

2. Get Pre-Approved for a Mortgage

Meet with a variety of banks and credit unions and explore your mortgage options you will be happy you did. If you assess your mortgage options closely, you can find one that complements your finances. And once you get pre-approved for a mortgage, you will know how much you can spend on a house.

Generally, it is beneficial to meet with as many banks and credit unions as you can. If you consult with myriad lenders, you can receive extensive insights into many mortgage options. Best of all, you will be better equipped than ever before to find the lowest-possible interest rate on a mortgage.

3. Consider Your Down Payment Options

The down payment required for a home purchase varies, but it commonly ranges between 5 percent and 20 percent of a house's total price. If you account for a down payment as you craft a homebuying budget, you can use this total to plan ahead for the property buying journey.

Lastly, you may want to collaborate with a real estate agent as you prepare to launch a home search. In addition to helping you find your dream residence, a real estate agent can put you in touch with potential lenders and offer plenty of guidance throughout the property buying journey.

Ready to pursue a home? Use the aforementioned tips, and you create a successful homebuying budget.




Categories: Uncategorized  


Posted by Sharon Lanen Coskren on 2/19/2020


140 Appleton St, North Andover, MA 01845

Single-Family

$550,000
Price

7
Rooms
4
Beds
2
Baths
Are you looking for something different? This is not your cookie cutter home! Unique raised ranch in coveted Bear Hill neighborhood provides many possibilities. Look inside this incomparable home to find brand new kitchen and baths with quartz countertops, stainless steel appliances, hardwood floors and white cabinets. Beautiful flat almost 1.5 acre private yard with cobblestone driveway and bluestone patio offers plenty of room for summer games and barbecues. Newly added family room on first floor is a great space to relax and spend cozy winter nights. All of this plus town water and sewer. Be a part of all of the activities this neighborhood offers plus walk to Smolak Farms, youth center and town common.
Open House
Saturday
February 22 at 1:30 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 140 Appleton St, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Price Change  


Posted by Sharon Lanen Coskren on 2/19/2020


11 Cherise Cir, North Andover, MA 01845

Single-Family

$599,900
Price

8
Rooms
3
Beds
2/1
Full/Half Baths
Have you dreamed about living in an adorable colonial on a cul de sac with a huge family room and central air? Well this is the one you've been waiting for! This light filled home is deceivingly spacious and offers bonus space in the walkout lower level. Spend cozy winter nights in your beautiful fireplaced family room and gaze at the snowfall outside your picture window. The white kitchen with granite and stainless steel flows seamlessly into the family room and offers an eat in area and great space to entertain. You also have a large dining room for all of your gatherings. When the weather warms up you can head outside to your deck overlooking your private backyard. Home office if you need to work from home. The lower level has flexible space for a gym, playroom or potential 4th bedroom plus nice mudroom. A quick drive to major highways, Cedardale, restaurants, shops and all that the area has to offer. You can also enjoy parties, events and strolls through the neighborhood.
Open House
Saturday
February 22 at 11:30 AM to 1:00 PM
Cannot make the Open Houses?
Location: 11 Cherise Cir, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Open House  


Posted by Sharon Lanen Coskren on 2/19/2020


140 Appleton St, North Andover, MA 01845

Single-Family

$559,900
Price

7
Rooms
4
Beds
2
Baths
Are you looking for something different? This is not your cookie cutter home! Unique raised ranch in coveted Bear Hill neighborhood provides many possibilities. Look inside this incomparable home to find brand new kitchen and baths with quartz countertops, stainless steel appliances, hardwood floors and white cabinets. Beautiful flat almost 1.5 acre private yard with cobblestone driveway and bluestone patio offers plenty of room for summer games and barbecues. Newly added family room on first floor is a great space to relax and spend cozy winter nights. All of this plus town water and sewer. Be a part of all of the activities this neighborhood offers plus walk to Smolak Farms, youth center and town common.
Open House
Saturday
February 22 at 1:30 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 140 Appleton St, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Open House  


Posted by Sharon Lanen Coskren on 2/19/2020


140 Appleton St, North Andover, MA 01845

Single-Family

$559,900
Price

7
Rooms
4
Beds
2
Baths
Are you looking for something different? This is not your cookie cutter home! Unique raised ranch in coveted Bear Hill neighborhood provides many possibilities. Look inside this incomparable home to find brand new kitchen and baths with quartz countertops, stainless steel appliances, hardwood floors and white cabinets. Beautiful flat almost 1.5 acre private yard with cobblestone driveway and bluestone patio offers plenty of room for summer games and barbecues. Newly added family room on first floor is a great space to relax and spend cozy winter nights. All of this plus town water and sewer. Be a part of all of the activities this neighborhood offers plus walk to Smolak Farms, youth center and town common.
Open House
Saturday
February 22 at 1:30 PM to 3:00 PM
More Open Houses
Cannot make the Open Houses?
Location: 140 Appleton St, North Andover, MA 01845    Get Directions

Similar Properties





Categories: Open House  




Sharon Lanen Coskren