Darryln Leikauskas - CENTURY 21 Commonwealth



Posted by Darryln Leikauskas on 3/23/2018

When everything is online, it’s hard to discern when getting up, leaving the house, and checking out a home can be helpful. There’s so much information regarding real estate online; you probably want to pick and choose when and where you go to see a home. Even if you’re nowhere near being able to buy a home, you may want to check out open houses to help you in the future.


Looking at real estate is fun. You can dream of living in a neighborhood on the street you may never be able to afford. There are many advantages to checking out open houses. 


You’ll Understand How Far Your Dollar Will Stretch


The type of home that you can afford, and the type of home you want may not be in the same ballpark. If you take a look at different open houses, you may be able to see where your budget takes you. Even if the market changes, you’ll be able to match your expectations with your wallet. As you know what’s out there, you’ll be able to hone in on what you want in a home. 


From here, it will be easier to work with a real estate agent because you’ll be able to give them a better idea of what you want when the time does come to buy a home. 


It Will Be Easier To Hire An Agent


As you go to open houses, you’ll meet more real estate agents. These agents can become potential hires once you do get more serious about buying.


You’ll See The Market Firsthand


Besides understanding how much house you can get for your dollar, you’ll be able to get an idea of how many buyers are actually out there. If you’re seeing many other potential buyers at open houses, you may be facing quite a bit of competition when you head out to buy a home of your own. When the competition is high, you’re looking at offering above asking price for houses. You could even get into bidding wars. A lot of other buyers doesn’t mean you should back out of buying a home altogether, but just enter the market with caution. 


You Can Discover New Areas


By exploring open houses, you may find a neighborhood that you love that wasn’t on your list before. How can you get to know an area if you have never spent time there before? 


You’ll Learn Where You Need To Compromise


By looking at different houses, you can see the potential (or lack thereof) in many homes. If you can see where you’d be willing to compromise long before the home search is on, your search will be that much smoother   





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Posted by Darryln Leikauskas on 3/16/2018

For those who want to acquire a stellar house at a budget-friendly price, it pays to work with a diligent real estate agent. In fact, some of the top reasons to hire a diligent real estate agent include:

1. A diligent real estate agent knows all about the housing market.

Are you still unsure about what differentiates a buyer's market from a seller's market? No worries, as a diligent real estate agent can teach you everything you need to know about the housing market.

A diligent real estate agent will dedicate the necessary time and resources to help you become an informed home shopper. That way, you can enter the real estate market with the support and insights that you need to succeed.

Also, a diligent real estate agent is ready to respond to any homebuying concerns and questions. This housing market professional can serve as an expert homebuying resource who can help you achieve the best possible results during the property buying journey.

2. A diligent real estate agent can help you establish realistic homebuying expectations.

Although it may seem simple to look at houses and find one that can serve you well for years to come, the property buying process may prove to be much more complex than you initially thought. However, a diligent real estate agent can help you map out your homebuying journey so you can avoid potential hurdles along the way.

For example, a diligent real estate agent may encourage you to get pre-approved for a mortgage. Because, with a mortgage in hand, you can begin your home search with a clear understanding of how much money you can spend on a house.

A diligent real estate agent may ask you to differentiate between "must-haves" and "wants" for your dream residence. And with a homebuying checklist in hand, you can narrow your home search and accelerate your quest for the perfect residence.

3. A diligent real estate agent can help you handle homebuying negotiations.

Let's face it – homebuying negotiations can be tricky, particularly if you're forced to work with a stubborn home seller. But with a diligent real estate agent at your side, you can get the assistance you need to purchase your dream house at your ideal price.

A diligent real estate agent can negotiate with a home seller on your behalf and keep you up to date at each stage of a negotiation. Then, as homebuying negotiations progress, a diligent real estate agent will be able to offer tips and guidance to help you make informed decisions.

In addition, a diligent real estate agent can help you minimize stress throughout homebuying negotiations. If these negotiations become too stressful, a diligent real estate agent will do everything possible to help you stay calm, cool and collected as well.

If you're planning to buy a home in the near future, hiring a diligent real estate agent is a must. This housing market professional will do what it takes to ensure you can purchase a wonderful residence that matches or exceeds your expectations.




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Posted by Darryln Leikauskas on 2/23/2018

If you intend to purchase a house, it helps to submit a competitive offer. In fact, if you submit a competitive offer, you may be better equipped than ever before to enjoy a fast, seamless homebuying experience.

Ultimately, there are many reasons to submit a competitive offer on a home, and these include:

1. You can increase the likelihood of an instant "Yes" from a home seller.

Let's face it – no home seller wants to deal with a "lowball" offer on a house. Fortunately, a competitive offer helps improve your chances of receiving an instant "Yes" from a seller, thereby increasing the likelihood of a stress-free homebuying experience.

A homebuyer who allocates the necessary time and resources to understand a house and its strengths and weaknesses should have no trouble defining a competitive offer. Then, this buyer can submit a proposal that accounts for a house's age and condition. And if a seller accepts the homebuying proposal, both the buyer and seller can work together to finalize a purchase agreement.

2. You can open the lines of communication with a home seller.

Although a competitive home offer may suit your interests, it may not match a seller's expectations. However, a buyer's decision to submit a competitive proposal may open the lines of communication with a seller.

If a buyer submits a lowball proposal on a house, he or she may receive an immediate rejection from a seller. Comparatively, a competitive home offer may force a seller to consider his or her options closely. And even though a seller may not be fully satisfied with the proposal, he or she could counter the offer and negotiate terms with a buyer.

3. You can avoid the risk of overspending to acquire a residence.

A homebuyer who analyzes the real estate market can find out what a home is worth based on a variety of housing sector conditions. Therefore, this buyer can submit a competitive offer, one that minimizes the risk that he or she will overspend to acquire a residence.

When it comes to putting together a competitive home offer, you may want to collaborate with a real estate agent as well. This housing market professional can work with you throughout your home search and ensure you can pounce at any opportunity to purchase your ideal house.

A real estate agent understands all aspects of the housing market. He or she will help you search for residences in your preferred cities and towns. Plus, once you discover your dream house, a real estate agent will make it simple to put together a competitive offer.

Furthermore, a real estate agent is happy to respond to your concerns and questions throughout the homebuying journey. This housing market professional will offer expert homebuying insights, enabling you to make the best-possible homebuying decision.

Limit the guesswork associated with submitting a competitive homebuying proposal – use the aforementioned tips, and you can make an aggressive offer on any house, at any time.




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Posted by Darryln Leikauskas on 2/16/2018

Whether you’re a first-time homebuyer or you’re upgrading to a larger house to fit your family’s needs, it’s vital to understand just how much house you can afford before you start shopping for homes.

When planning for your future home, there are two main things you need to figure out.

  • What is a smart amount to spend on a home for your budget

  • What are the key features in a home that will give you the most benefits for the cost

These two questions may seem simple, but there are quite a few factors that should go into determining each one.

So, in today’s post, I’m going to walk you through the process of determining what kind of house you can afford so you can make the best home buying decision for you and your family.

A smart home buying budget

To create an effective budget, you’ll need to gather some information and possibly create a spreadsheet with Excel (or a free alternative like Google Sheets).

On your spreadsheet, you’ll first want to add up all sources of income that your family has. This is the easy part for most people who only have one or two sources of income based on a salaried job.

Next, is the hard part--expenses. We can’t just use your current expenses to determine the new budget because we have to account for changes in several areas.

If you aren’t sure of the cost of living for the area you hope to move to, try plugging it into this cost of living comparison tool to see get a better idea of the cost of things like transportation, childcare, groceries, and more.

Likewise, it’s also a good idea to assume you’ll be paying more in utilities if you’re hoping to move into a home that is larger than your current home. Keep in mind, however, that different houses have different levels of energy-efficiency, so it’s a good idea to also ask the seller of the homes you’re interested in to determine what your costs might be.

Now, subtract your expenses from your income. The amount remaining should easily cover whatever mortgage payment you receive along with, ideally, 20% of your income going toward savings.

Deciding what you need in a home

The second part of determining how much house you can afford is to find out exactly what you’re looking for in a home. The number of bedrooms, bathrooms, location, the size of the backyard; all of these are questions that have a monetary value.

So, to really answer this question you’ll need a strong understanding of what you and your family’s goals are for at least the next 5-7 years, if not longer.

Once you have your long-term goals and a good understanding of your budget, you can start safely shopping for homes with a clearer idea of the type of home you’re looking for and just how much home you can afford.




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Posted by Darryln Leikauskas on 10/27/2017

If you plan to attend an open house, it usually pays to be prepared. That way, you'll know exactly which questions to ask during an open house and can ensure that you can gain the insights that you need to determine whether a residence is right for you.

Now, let's take a look at three key questions to ask a listing agent during an open house.

1. Why is this home for sale?

Although a home listing provides plenty of information about a residence, it is unlikely to explain why a homeowner is selling his or her house. Thus, you should use an open house to find out exactly why a home is for sale.

In many instances, a listing agent will be honest and forthright about why a homeowner has decided to add his or her residence to the real estate market. Once you receive an answer to your query, you can better understand whether a house matches your expectations.

On the other hand, if a listing agent hesitates or shies away from your question, you should be skeptical. At this point, you should continue to dig for more information about a residence to learn about any potential flaws.

2. Are there any home problems that I need to know about?

An open house enables you to get an up-close look at a residence. Furthermore, the event allows you to find out about a residence's pros and cons from a listing agent.

Ask a listing agent about any home problems – you'll be glad you did. The listing agent should be able to provide you with plenty of insights into a home's condition, ensuring you can make an informed decision about whether to submit an offer.

A listing agent is likely to be honest with you about any problems with a house. By doing so, this agent will reduce the risk of a homebuyer later rescinding an offer after a home inspection.

3. Have there been any offers on the house?

It is important to find out if there is any competition for a house, especially if you discover your dream residence. Thus, during an open house, you should ask a listing agent if any offers have been submitted on a residence.

If a listing agent responds "Yes" to your query, you may want to act fast to submit a competitive offer on a house. Because if you wait too long to make an offer on your dream residence, you risk losing this house to a rival homebuyer.

Lastly, if you need help getting ready for an open house, you should collaborate with a real estate agent. This housing market professional can provide deep insights into a residence before you attend an open house. Therefore, a real estate agent will help you take the guesswork out of getting the most out of any open house, at any time.

Want to optimize the value of an open house? Ask the aforementioned questions, and you can get the information that you need to fully evaluate a residence.




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