Elena Langlois - Compass Massachusetts, LLC



Posted by Elena Langlois on 1/16/2020

If budgeting isn’t your thing, you’ll be glad to discover that it’s quite simple. There’s a way to categorize your spending and save money easily. If you learn the rule, it will become so automatic that you won’t even think about it. If you’re saving money for a home, this practice will be essential. Break your budget down into three categories: 


  • Living expenses
  • Financial goals
  • Personal spending


Half of your budget should go towards living expenses. This number includes all of the essentials like rent or mortgage, utilities, groceries, commute costs, and insurances. 


20 percent of your income should go towards other financial goals like savings, investments, or paying down debt. Credit card bills, student loans, and other bills would fall under this category. This category is also where you’d save for your down payment, closing costs, and other expenses. This percentage can be adjustable depending on how much debt you have or how much you need to save for retirement. 


The remaining 30 percent of your income can go towards personal spending. This category includes everything that you use your money for but isn’t a necessity. This percentage is also flexible. If your lifestyle doesn’t require you to use all 30 percent each month, you can indeed save more money.


A Clear Plan 


These categories simplify your budget. Even if you make some adjustments to the numbers, the outline truly makes budgeting easy even for the most scatterbrained among us. It allows you to see where your money goes clearly. It also works no matter what kind of living situation you have.


The great thing about this budgeting plan is that you have some future needs built into it. Many times, when we budget, we think of our immediate needs and our shorter term goals. Saving for any occasion can never happen too early. You are able to not only focus on your current goals and the future.   



Steps


First, determine your monthly income. This number is how much money you take home after taxes. From here, you’ll be able to split your money into categories by percentages. If your income fluctuates frequently, you’ll need to take an average of your monthly income to determine your numbers. 


Next, you should take a look at your spending habits. These include everything from your morning latte to your monthly rent payment. From here you can make adjustments. Perhaps you need to look for a less expensive apartment. Maybe you need to cut down your weekly pizza to a bi-monthly purchase. Whatever you see in your finances, a simple percentage rule gives you the tools you need to become a saver and be well on your way to the purchase of your first home.     





Tags: saving money   budgeting  
Categories: Uncategorized  


Posted by Elena Langlois on 1/9/2020

Millennials, i.e. individuals between the ages of 18 and 29 years old, often grab life by the horns. However, when it comes to getting ready for a move, Millennials often encounter problems along the way.

Fortunately, we're here to help Millennials who recently bought or sold a house discover what it takes to complete a successful move.

Let's take a look at three moving tips that every Millennial needs to know.

1. Get a Head Start on Your Move

Let's face it – the stress associated with moving can be overwhelming. And in some cases, it may lead Millennials to wait until the last minute to start packing.

Procrastination is never a good idea, particularly when it comes to moving. If you get an early start on your move, you can enjoy a seamless transition from one address to the next.

2. Pick Up Plenty of Packing Supplies

If you own a wide range of books, clothing and DVDs, there is no need to worry. Pick up plenty of packing supplies prior to moving day, and you can safeguard your belongings during your move.

Moving boxes are essential and come in a variety of sizes. You can always purchase moving boxes; or, you may be able to pick up boxes for free from a local grocery store or retailer.

In addition, be sure to pick up packing tape, bubble wrap and other packing supplies. With the right packing supplies at your disposal, you'll have no trouble getting your belongings ready for moving day.

3. Hire a Professional Moving Company

When it comes to moving, there is no need to work alone. Luckily, many moving companies are available to help Millennials complete a successful relocation.

Reach out to a variety of moving companies in your area – you'll be glad you did. If you discuss your moving budget and requirements with several moving companies, you should be able to find a professional mover that meets or exceeds your expectations.

Of course, if you need assistance as you search for a moving company, you may want to discuss your options with a real estate agent as well.

A real estate agent can put a Millennial in touch with the best moving companies in any city or town. By doing so, this housing market professional will make it simple for you to get the help that you need for your move.

Lastly, any time you need to buy or sell a house, it pays to hire a real estate agent. This housing market professional will learn about your homebuying or home selling goals and ensure you can achieve your desired results. Plus, if you ever have homebuying or home selling questions, a real estate agent is happy to respond to them.

Ready to relocate to a new address? Use the aforementioned moving tips, and any Millennial can pack up his or her belongings and enjoy a quick, easy move.




Tags: moving tips   moving   millennials  
Categories: Uncategorized  


Posted by Elena Langlois on 1/2/2020

Although a home seller wants to enjoy a quick, seamless home selling experience, problems sometimes can arise along the way. And if a home seller is not careful, these issues may cause him or her to encounter one of the dreaded home selling worst-case scenarios.

Ultimately, there are many home selling worst-case scenarios that a seller should try to avoid at all costs, and these scenarios include:

1. A home is priced too high.

A home seller should establish a competitive price for his or her residence from the get-go. Because failure to do so could force a residence to linger on the housing market for weeks, months or years.

To determine a competitive price, it helps to conduct plenty of real estate market research. Looking at the prices of recently sold houses in your city or town can help you determine whether you're preparing to enter a buyer's or seller's market. Also, examining the prices of comparable houses in your area can help you narrow your price range.

Furthermore, a property appraisal is a viable option for all home sellers, at all times. During an appraisal, a home expert will assess your residence and provide a property valuation. Then, you can use the property valuation to price your home accordingly.

2. A homebuyer requests a price reduction or major repairs after an inspection.

A home inspection generally takes place a few days after a seller accepts a buyer's offer on a residence. If this inspection reveals a wide array of home problems, it could jeopardize a potential sale.

It often helps to complete a home inspection before listing a residence. This inspection allows a seller to identify any home problems and resolve these issues immediately.

In addition, a home seller should understand his or her options after an inspection that reveals myriad home problems.

If a buyer requests a price reduction or home repairs after an inspection, a seller can agree to the buyer's terms or counter a buyer's proposal. Or, if a seller feels a buyer is being unreasonable, he or she can walk away from a home sale and relist his or her residence.

3. A home seller hires a real estate agent who lacks comprehensive industry experience.

If a seller hires a real estate agent who lacks comprehensive industry experience, he or she risks a long, arduous home selling experience.

There is no need to hire an inexperienced real estate agent. In fact, dozens of top-notch real estate agents are available nationwide, and these housing market professionals can help you achieve your home selling goals in no time at all.

The ideal real estate agent will know the ins and outs of the housing market. Plus, he or she will be able to guide you along each stage of the home selling journey and do whatever it takes to promote your residence to the right groups of buyers.

Enjoy a fast, profitable and worry-free home selling experience – consider the aforementioned home selling worst-case scenarios, and you can minimize risk throughout the home selling journey.




Categories: Uncategorized  


Posted by Elena Langlois on 12/26/2019

Photo by Bilanol via Shutterstock

You’ve heard all the sayings: “Location, location, location,” and the line in Robert Frost’s poem, “Good fences make good neighbors.” You’ve even made Abraham Lincoln’s saying your motto, “Discourage litigation. Persuade your neighbors to compromise whenever you can.” 

Yet here you are, trying to sell our home, and the neighbors simply are not cooperating. They park vehicles in front of your house so that the “For Sale” sign is hidden, or they leave stuff in their yard that makes it unattractive. In your urgency to get your home sold, you take everything as a personal affront. What happened to those nice, friendly neighbors you’ve shared barbeques and fun with over the years?

It May Not Be You

It’s probably not even on their radar that their everyday actions cause you sleepless nights. The stress level is yours, not theirs. Here are some best practices for being neighborly when you put your house on the market.

Let them know what’s happening. Tell them that you’ve gotten a job change, or are getting married or whatever the case is and that you need to sell your home. That way, they can be ambassadors for you. If they have friends or family that want to live near them, this is the perfect opportunity.

Let them know what to expect. If your agent schedules an open house, let the neighbors know. After all, the street will have more traffic, and parking may be at a premium. The last thing you want is to have your open house the same day as their family reunion with no parking available for anyone.

Invite them to visit your home during the open house. Neighbors are curious. If your homes are similar, upgrades you’ve done might spark ideas for their home. On a few occasions, neighbors have bought the house next door. Perhaps because it’s a better fit for their family, or it lets them remodel theirs without living in it.

Let your neighbor know what will help your home sell, such as keeping the street in front of your house clear. Tell them that the more you sell your house for, the more it improves their home value. See if that doesn’t get them on our side.

Introduce Your Agent

Take a few moments to introduce your agent to your neighbors. That way, they’ll know who’s coming and going, and if it’s okay for people to be in your house when you’re not there. It also gives your agent a chance to talk about neighborhood values and point out the lovely features in your neighbor’s yard. A little flattery goes a long way toward promoting extra effort to make things look nice. 




Tags: curb appeal   neighbors   Parking  
Categories: Uncategorized  


Posted by Elena Langlois on 12/19/2019

Although all home buyers have different tastes, expectations, and preferences, there are several things you as a home seller can do to make your home more appealing.

Three priorities worth keeping in mind are spaciousness (or, at least, the appearance of it), brightness, and cleanliness.

Whether your home is a compact cottage or a large colonial, a feeling of spaciousness will enhance its visual and psychological appeal.

Sometimes getting a second opinion can make all the difference in identifying ways to improve the look and feel of your home. As an example: If you're unsure whether a bulky piece of furniture, a huge plant, or a rarely used side table is detracting from that desired look of spaciousness, your real estate agent or an interior decorator can provide you with helpful feedback.

One common room decorating mistake that many people make is to choose a coffee table that's either too big or too small for the furniture or available space. It may seem like a small detail, but it's one of many elements that can throw off the balance and flow of a living room.

Another staging tip for home sellers is to have groups of chairs and couches face each other to create "conversation areas." That effect often helps to add warmth to a living room or family room, and makes it easier for potential buyers to imagine living there and enjoying the space with friends and family.

Lots of illumination, whether it's natural light or artificial light, can make your home appear more cheerful and inviting. It also reduces shadows and dark corners, which can detract from the beauty of your living space. While there is the possibility that some of your lights may be too harsh or glaring, dimmer switches can often be a quick and easy solution to that problem.

Keeping your home impeccably clean every day is one of the biggest challenges of putting your house on the market and making it available to agents for client showings. Since first impressions are one of the most important aspects of attracting a serious buyer, cleanliness should be among your main priorities. The good news is that keeping your home clean will become easier when you get into a routine. As you scramble to make sure your home is ready and presentable for the next showing, you'll find yourself becoming more and more adept at streamlining the process.

One strategy for increasing efficiency might be to get your family in the habit of cleaning up after themselves on a consistent basis. It may require a little gentle nagging now and then, but if it helps get your house sold faster, it'll be worth it! Create a cleaning checklist you can refer to when you're getting ready for a house showing to improve your efficiency. Evenly divide the work among family members, and make sure nothing important is overlooked along the way.