On this week’s episode, Peter’s guest was Pastor Dwayne Jones of the Mt. Aaron Baptist Church of Buffalo! During this episode, Peter and Pastor Dwayne chatted about the development of the church and so much more!
On the newest episode of The R – House Radio Show, Peter Hunt had David Rust, Chief Executive Office for Say Yes Buffalo as his guest! Peter and David chatted about many different things, and to hear what they talked about take a listen to the full episode!
The Buffalo, New York housing market has grown increasingly competitive over the last several years, fueled by a decline in available housing stock and increasing real estate prices. In a newly-desirable housing market, first-time homebuyers still have many opportunities to find a home to call their own, but a little preparation is required.
Houses in the Buffalo market sell within an average of only 16 days and prices are up about 14% since last year, so buyers must be prepared to make an offer as soon as they find a home that suits their needs. This home buying guide is designed to support those in the market for a new home, including first-time homebuyers.
Assessing Your Needs
When creating your hierarchy of new-home needs, determine the importance of location for you and anyone with whom you’ll share your home.
Commuting in Buffalo
If commute time or easy access to the city’s amenities is a concern, know that Buffalo is the best city for commuters, with an average commute time clocking in at under 20 minutes, 22% shorter than the average commute elsewhere. So, unless a homebuyer is tethered to a school district, being flexible and considering emerging markets outside your target zip codes can increase your chance of finding a home.
Picking a neighborhood
Understanding the city’s neighborhoods is another essential location consideration. In Buffalo, lifestyles can vary between neighborhoods greatly, with highly walkable pockets of the city being more convenient to public transportation over the largely car-focused first-ring suburbs. We have three different ways for you to explore the city’s neighborhoods here. Visit Buffalo Niagara, the region’s tourism bureau created a helpful online guide to neighborhoods; it outlines each district’s amenities and vibe.
This map illustrates how the neighborhoods are configured geographically. You can also find HUNT’s snapshot of the housing market for popular areas below.
Hot Buffalo, NY Housing Markets
Choosing the right school
In Buffalo, family status is a significant factor for homebuyers due to the varying quality of public education from district to district. If you have school-age kids or intend to raise children in your new home, selecting a neighborhood may be best determined by first choosing a school district. Check out the most up-to-date school rankings online.
Identifying your non-negotiables
From garages and front porches to finished basements and open floor plans, ranking a list of the desired interior and exterior home features will help narrow down the homes they’ll visit and bid on. To create a hierarchy of needs, rank the items that cost the most to add to the home post-purchase at the top. For example, adding a driveway and garage to your dream home is more challenging than upgrading the kitchen appliances or HVAC, so the driveway and garage should rank higher on your non-negotiable list than the other two amenities.
Determining your budget
Now that you’ve selected potential neighborhoods and a list of non-negotiables, do some research. This will help you research the cost of the homes that meet your needs and allow you to adjust your budget or desires accordingly. Use our mortgage calculator to determine a budget that works with your finances. It’ll be helpful to gather as much information as you can about mortgage options before entering the market.
Make a decision based on the home’s asking price and how well it matches your wish list. While the asking price is a significant factor, a proposal to buy a home includes the price and terms. Sometimes, terms can equal thousands of dollars in additional value or costs.
Making an offer is an art; a great real estate agent can help strategize. In some markets, it may be suggested that buyers place their first offer at a specific percentage below asking. That is often not the case in Buffalo’s current housing market. If multiple buyers compete for a home, sellers may quickly receive full-price or “over-asking” offers. If demand in a homebuyer’s selected zip code is weaker, an offer below the asking price may prove to be a savvy move.
The closing process (sometimes called “settlement” or “escrow”) has evolved into a somewhat automated process thanks to technological advances. Closings bring together all involved in the real estate transaction. If you’re unfamiliar with the complexity of closing costs, HUNT offers this detailed look at the breakdown of closing costs.
Buyers typically have one last chance to walk the property confirming its condition hasn’t changed since the sale agreement was initially signed. At the closing, the paperwork, which includes the sale agreement and verifies every participant’s interest in the sale, has been prepared by closing agents, attorneys, title companies, and lenders. Buyers receive the title to the property, the lender has their loan added to public records, and the state government collects transfer taxes.
Home, Sweet Home
After closing is complete, a new homeowner can begin living the life they’ve envisioned throughout the buying process! To find a new life and a new home, contact HUNT today. With over 1,300 sales professionals and 40+ offices throughout Western and Upstate NY, trust HUNT to help you find your perfect property!
Respected real estate industry publication REAL Trends has released its annual Top 500 survey, recognizing the nation’s most successful real estate firms. This year’s survey included the ranking of the real estate industry’s Top Core Services Providers, which tallies the number of sales of mortgage, title insurance, and homeowners insurance policies – the products that are sold most frequently by residential real estate firms. With 15,638 total core services transactions in 2021, HUNT Real Estate ranks sixth in the nation, and first for real estate firms headquartered in New York State.
HUNT operates a mortgage banking firm – HUNT Mortgage, an insurance agency – HUNT Insurance, and a title agency – Network Title.
In addition to ranking number six on the REAL Trends Top Core Services Providers list, HUNT also ranked #40 nationwide in 2021 for real estate transactions with 13,997 closed units and #90 in sales volume with over $3.8 billion in sales volume.
According to Peter F. Hunt, Chairman and CEO of HUNT Real Estate Corporation, “The vision for our organization is simple: ‘always there for you,’ which means that we must offer a complete service to all buyers and sellers. This ranking is recognition of the incredible combined effort inside HUNT to serve our clients, effectively making it possible for every one of our real estate professionals to be a leader of a coordinated team, adding real value to the customer experience.”
REAL Trends collects data submitted by individual brokers nationwide. All sales and transaction data is submitted directly by the brokerage firms and verified by the firm’s financial executives, outside accounting firms and/or corporate franchise headquarters.
The REAL Trends Top Core Services Providers can be found here: https://www.realtrends.com/core-services-rankings
On the latest episode of the Beyond the Yard Sign Podcast your host Sarah chats with the President of HUNT Mortgage, Linda Mallia. During this episode, they talked about the mortgage process but also the strong relationship Sales Professionals and Mortgage Consultants have here at HUNT!
On this week’s episode of The R Hosue, your host Peter Hunt had John Leonardi, CEO of the Buffalo/Niagara Realtors Association as his guest. During the show, they talked about the ever-changing housing market and much more!
We are pleased to welcome the following sales professionals to the HUNT Real Estate ERA family. Their association further affirms our commitment to offering the highest level of service to our clients.
WHY SHOULD YOU JOIN HUNT?
HERE ARE JUST A FEW REASONS…
The HUNT® Reputation
Rankings & Accolades
- #1 Family-Owned and Operated Real Estate Firm in New York State
- Top-Ranked Broker in the ERA Real Estate network
- Ranked #43 on REAL Trends Top 500 Brokerages Survey*
- Gene Francis Memorial Award Winner Honoring ERA’s Top All-Around Company
- Member of Who’s Who in Luxury Real Estate
- Ranked one of Western New York’s Fastest-Growing Companies
The Most Productive Agents
- 1600 Licensed Real Estate Professionals in 50+ Branches
- 13,000+ Transactions
- $3.3 Billion in Closed Sales
- Per Person Productivity of Nearly 9 Transactions
If you’re ready to take advantage of everything we have to offer AND make more money, join HUNT Real Estate ERA today!
*Source: 2021 REAL Trends 500 | Ranked by Closed Transaction Sides
On this week’s episode, Peter Hunt had Stephanie Crockatt, Executive Director of the Olmstead Parks as his guest! During the show, they chatted about Buffalo’s Parks, the history, and the future of the parks!
On the latest episode of The R – House your host Peter Hunt chats with Robert Shibley, Dean of the School of Architecture and Planning at the University at Buffalo! During this episode Peter and Robert talk about how the current state of the world has affected and is changing learning, and the sector of architecture and planning.
On the latest episode of the Beyond the Yard Sign podcast this episode is about Pride and the LGBTQ+ community here at HUNT Real Estate! Your host Sarah chatted with Sales Professional Brian Szkatulski and Branch Director Nikki Henry. In this episode, they discussed HUNT’s participation in this year’s Pride Festival and much more!