Philip & Hrono Partners | Everett Real Estate, Revere Real Estate, Chelsea Real Estate


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Too busy to buy that second home in Myrtle Beach? No time to fly down and walk through multiple properties to find the one that's right for your family? No problem. You, too, can enjoy the dream of homeownership when you buy your next property remotely. 

What Is Remote Home Buying? 

When you buy a home remotely, someone else takes care of the specifics. Your main responsibilities are communicating your wants and needs to an on-site real estate agent, paying for the home and being available to sign the finalizing documents digitally. Because of this, buying a home that's located one state or half-a-world away is entirely feasible in today's real estate market.

Who Handles a Remote-Home-Buying Transaction? 

You'll work with a real estate agent when buying a home through remote means. This is similar to any other home-buying venture. In a remote transaction, however, it's vital to have an agent whom you trust completely and with whom you have excellent communication. Your agent should be local to the area where you're buying your new home, and they should be an expert on the neighborhood. You'll communicate via phone, email or internet with your agent and will likely use an e-sign process, followed up by signed hard copies, when it's time to finalize. 

How Do I Pay for a Home I've Bought Remotely? 

Typically, you'll pay for a home you've purchased remotely by wiring the amount needed to close. Most people can't afford to buy a home using cash, but you'll likely need at least a down payment and other costs up front.

How Will I Know the Home Is a Good Deal? 

The real estate agent with whom you're working will view the home, be present at inspections in your stead, and do their part to ensure that the home you're buying is viable. They will be able to advise you on comparable prices in the neighborhood to give you an idea of whether the price you're paying is reasonable. 

Why Would I Want to Buy a Home Remotely?

Most people who buy homes remotely do so because they're too busy or live too far away to buy the home in a traditional way. There's little risk involved as long as you use a licensed real estate agent who's experienced in remote-home sales. 

It's good to remember that once you own a remote property, there's no backing out. It's vital to make sure you're buying a home that's well suited to you and your family. This is where your choice of real estate agent becomes vital in helping you choose the location of your home, the size, layout and community in which it's located. 


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.


It can be difficult to find the extra savings to put towards your first home as a renter. With rent and utility prices rising, most people’s paychecks are leaving them with less and less savings at the end of the month.

Buying your first home, however, can be a great long-term financial decision. It will help you build equity, and, eventually, you’ll be able to use that equity toward another home or toward retiring.

In today’s post, we’ll talk about some of the ways to save for a down payment while renting an apartment.

How much to save

In order to make the most of your first home purchase, you’ll want to save up as much of a down payment as possible. This will help you receive the lowest interest rate and reduce the amount you’ll pay toward interest.

If you can manage to save 20% of the loan, you’ll also be able to waive private mortgage insurance (PMI), that would otherwise set you back around $100 per month or more.

Smart ways to save while renting

If you’re ready to get serious about saving for your first down payment, let’s talk about the best way to approach your savings plan.

Pay off small debts

If you’ve had that lingering credit card debt that you’ve never quite paid off, now is the time. Take a look at your current debts. Pay off the smaller balances first and focus on debt with the highest interest rate.

This will enable you to start making larger deposits toward your down payment savings sooner and can help you avoid needlessly paying interest on small loans and credit card debt.

Open a dedicated account or CD

The best way to make sure you contribute to your down payment savings plan is to open a savings account or take out a CD (certificate of deposit).

A savings account with a high-interest return is a good option for people who are worried that they may need to access their funds before they’re ready to buy a home.

If you’re comfortable with not being able to access your funds until a set date, then a CD could help you save more money.

Since CDs are a one-time payment, many people choose to combine both CDs and high-interest savings accounts to achieve their savings goals.

Regardless of which option you choose, be sure to shop around for the highest interest rate. Online banks tend to have higher rates than traditional banks and are also easy to sign up for.

Direct deposit a portion of your pay

Opening a bank account or CD won’t do you any good if you don’t commit to contributing to it. If you are paid via direct deposit, visit your HR office and ask them to reassign a portion of your weekly pay to your new account.

By following these tips, you’ll be able to better prepare for your down payment. Don’t  wait! The sooner you start saving, the sooner you’ll be able to purchase your first home.


The process of finding and purchasing your dream house may prove to be difficult, regardless of whether you are an experienced or first-time homebuyer. Fortunately, there are many things you can do to avoid hurdles as you navigate the homebuying journey.

Now, let's take a look at three tips to help you quickly discover a quality home at an affordable price.

1. Narrow Your Home Search

Understand what you want to find in your dream home. Then, you can enter the housing market with a plan in hand to discover your ideal residence.

To narrow your home search, think about the features you require from a home. If you need a house that offers multiple bedrooms, for example, you can hone your house search accordingly. Or, if you want a home that boasts an outdoor swimming pool, you can search for a house that matches your expectations.

Don't forget to consider where you want to reside as well. That way, you can narrow your house search to a select group of cities and towns.

2. Establish a Homebuying Budget

If you know you want to buy a home soon, you may want to search for a mortgage. Because if you begin a home search with a mortgage at your disposal, you will know how much you can spend on a house.

To obtain a mortgage, you should meet with a variety of banks and credit unions. These financial institutions can teach you about different mortgage options and help you make an informed home financing selection.

Also, you can always ask mortgage questions when you meet with financial institutions. If you receive expert insights into assorted home financing options, you can choose the right mortgage.

3. Work with a Real Estate Agent

If you collaborate with a real estate agent, you can receive plenty of assistance as you navigate the homebuying journey. And as a result, you could streamline your search for your dream house.

A real estate agent is a homebuying specialist who is ready to help you accomplish your desired results. For instance, if you want to acquire a budget-friendly home in the city of your choice, a real estate agent can help you do just that. On the other hand, if you are looking to buy a house that provides convenient access to your office, a real estate agent can help you map out your house search so you can quickly find your dream home.

In addition, a real estate agent can help you submit a competitive offer to purchase your ideal house. And once a seller accepts your offer to purchase, a real estate agent will help you finalize your home purchase.

Finding and purchasing a home sometimes can be tricky. Thanks to the aforementioned tips, however, you can simplify your quest to buy your ideal residence. Perhaps best of all, these tips may make it easy for you to navigate the homebuying journey like a pro.


A home inspection is a key part of the property buying process. If you fail to allocate the necessary time and resources to conduct an in-depth inspection, you may struggle to identify various home problems before you finalize your property purchase. And if you cannot identify such issues, you risk buying a home that may require costly, time-intensive upgrades in the foreseeable future.

Ultimately, there are many things that you can do to ensure that a home inspection provides you with the insights you need to determine whether to proceed with a home purchase. These include:

1. Hire an Expert Home Inspector

A home likely is one of the biggest purchases you'll make in your lifetime. As such, there is no need to leave anything to chance, especially when it comes to conducting a house inspection. But if you hire an expert home inspector, you can get the support you need to conduct a comprehensive property inspection.

Look for a home inspector who possesses extensive experience. Also, you may want to ask a home inspector for client referrals before you make your final hiring decision. If you get in touch with a home inspector's past clients, you can find out what it's like to work with this professional and proceed accordingly.

2. Attend Your Home Inspection

You are under no obligation to attend your home inspection. But in most instances, it is beneficial to attend an inspection.

A home inspection usually requires just a few hours to complete, but the benefits of attending an inspection may last a lifetime.

For example, during an inspection, a home inspector may be able to provide you with property repair insights that otherwise won't be included in your inspection report. Meanwhile, attending a home inspection allows you to ask questions and gain the insights you need to make an informed decision about a home purchase.

3. Analyze Your Home Inspection Results

Spend some time reviewing a home inspection report – you'll be happy you did. If you assess a home inspection report closely, you can use all of the information at your disposal to decide whether to continue with a house purchase.

Furthermore, if you have questions about a home inspection report, don't hesitate to reach out to the inspector who conducted the evaluation. This inspector can respond to any report questions that you may have and provide you with information that could prove to be exceedingly valuable as you make your final decision about a house.

As you get ready to buy a home, it certainly helps to have a best-in-class real estate agent at your side too. This housing market professional can offer recommendations and suggestions about what to do following a home inspection. Plus, he or she can provide plenty of guidance at each stage of the property buying journey.

Take the guesswork out of a home inspection – use the aforementioned tips, and you can boost the likelihood of completing a successful property inspection before you finalize a home purchase.




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