Eddie Hoskins - Hoskins Realty, Inc | 508-317-6045 | ed@hoskinsrealty.com


Posted by Eddie Hoskins on 4/16/2018

If you're not one of those people who "seizes the moment" when you have the chance to save money, it might pay to establish some new bargain-hunting habits. When you adopt the mindset of a frugal shopper, you'll become more effective at stretching your household budget and having more money left over after paying the bills. One costly mistake a lot of people make is to wait until they urgently need something before buying it. Under those conditions, the pressure is on and your choices for saving money are usually limited. If your priorities include saving money, getting the best deal, or stocking up for future needs, then buying things when they're on sale is often the way to make your funds go farther. Here are a few examples of opportunities that can pass you by if you don't take advantage of them while you can:

  • Going out of business sales: There are a lot of reasons a store might be closing its doors, but in many cases that closure could mean substantial savings for you and your family. If the manager's objective is to liquidate as much of the store's inventory as possible, then you could easily negotiate incredible bargains. Although a store's signs and ads might be more promotional than factual ("Everything must go! No reasonable offer refused!"), if they're selling things you need or anticipate needing, it's probably worth stopping by and checking out the sale.
  • End of season sales: When a season or major holiday comes to an end, you may not be in the mood to buy a discounted snow-blower, lawn mower, or Christmas decorations. However, if you can afford it and you know it's something you're going to need next year, it may make sense to buy it now and enjoy the savings later.
  • Scratch and dent sales: Consumer products like household appliances can be quite expensive if you don't look for sales, compare prices, and take advantage of money-saving opportunities. If a retailer is willing to reduce the price of an appliance, a furniture set, or a piece of home office equipment because of a cosmetic flaw or some other minor issue that won't affect it's performance or quality, you might be able to get an exceptionally good deal on the item. Sometimes asking a store manager if they have any unadvertised discounts or distressed merchandise can result in unexpected savings.
  • Surplus merchandise, overstocks, clearance sales, and closeouts: Theoretically, you should be able to save a bundle of money when you shop at stores advertising clearance sales and surplus inventory. Although results may vary depending on the nature of the sale, it often pays to keep an eye out for clearance or surplus inventory sales when hunting for good bargains.
Saving money begins with a certain frame of mind and a strong desire to stretch your household budget. It just takes a little determination, research, and advance planning to ferret out an assortment of worthwhile sales, discounts, and money-saving opportunities.




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Posted by Eddie Hoskins on 8/22/2016

Have you found the home of your dreams but are overwhelmed by the price tag? This is a no-win situation that challenges even the most patient, resourceful homebuyer, and perhaps for good reason. Finding the perfect home may take days, weeks, months or years. And if you discover a residence that meets all of your needs but falls outside your budget, you're likely to be tempted to overspend to acquire this residence. However, you'll want to take a step back and think carefully about your decision, and those who weigh the short- and long-term ramifications of their decision ultimately will be able to make the right choice. Furthermore, you should consider the following factors as you try to resist the urge to overspend on a house: 1. Your monthly mortgage payments Although you may be able to handle a higher monthly mortgage payment in the short-term, you'll want to think about your long-term plans before you finalize your purchase. For example, do you plan to raise children? Or do you anticipate a career change over the next few years? You'll want to consider any plans that could impact your budget and determine whether you're ready to handle your monthly mortgage payments both now and in the future. 2. The quality of the home Although your dream home likely is of the highest quality, you'll want to ensure this residence won't require any immediate improvements. The quality of the home will dictate whether this residence will require substantial short- and long-term maintenance and repairs. And if you find there are many home improvement projects that may need to be completed soon, you may be better off considering other homes on the real estate market. 3. Your wants and needs Ideally, you'll want to find a home that fulfills all of your wants and needs instantly. But in today's highly competitive real estate market, only a fraction of houses may come close to meeting all of your demands. Differentiating between your wants and needs, however, is critical, as this will allow you to distinguish what you need to enjoy your home versus what you'd like your home to include in a dream scenario. For instance, your home needs electricity, running water and other everyday essentials. On the other hand, you may want a home with a pool, a spacious back yard and other distinct features, but you should not rule out homes due to the fact that they lack some of these non-essential amenities. Take a close look at your priorities and your budget, and you'll be able to make the right compromises to find a home that won't require you to break your budget altogether. Remember, your home is what you make it, and overspending to acquire a house may leave you satisfied in the short-term but struggling to pay your bills over an extended period of time. Make the right compromises as you explore the real estate market and set realistic expectations for the houses you check out. By doing so, you can improve your chances of finding a high-quality residence that meets your personal and budgetary needs.




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