Real Estate

28

Oct

Real Estate

After Closing On A New Home: The Top Tasks To Complete

Closing on a new home is exciting and many people view their closing date as the finish line; however, even after closing a new home, there is still a lot that has to happen. What do new homeowners need to do after closing on a new home? Mark The Date Of The First Payment Every homeowner needs to know the first date of the new mortgage payment. They need to get their bank account set up for an automatic draft, or they need to send a physical check by that time. Keep in mind that the first payment might include…

27

Oct

By Lori Blank

Real Estate

Is An Escrow Account Right For You?

When someone is looking at purchasing a home, they usually focus on the purchase price of the home and the potential monthly payment. At the same time, there are other costs that need to be included as well. This includes home insurance and real estate taxes. As a result, many homeowners find themselves asking if they should use an escrow account or not. What do homeowners need to think about and how can they make the right decision? What Is An Escrow Account? First, it is important to define an escrow account. An escrow account is an account that contains…

21

Oct

By Lori Blank

Real Estate

Dealing With Stress Related To A Home Sale

Putting a house on the market can be a major life decision. Even though there might be a bit of a change during this time, there are ways to deal with the stress. Even though home showings, negotiations, and constant phone calls from real estate agents can be a lot to handle, there are a few tips for dealing with the stress. What do homeowners need to know if they are selling a home? Choose The Right Real Estate Agent First, homeowners must make sure they choose the right real estate agent. Think about the goals during the home sale.…

20

Oct

By Lori Blank

Real Estate

Important Relationships During The Home Buying Process

Purchasing a home is an exciting time, but there is also a lot to manage. There are a lot of text messages, phone calls, and emails coming in. It is important for potential homeowners to keep them straight. Who are some of the most important people during the purchase process? The Real Estate Team First, there are going to be a lot of important people on the real estate side of this transaction. Every home buyer should work with a real estate agent who can help them assess the market, arrange showings, and find the right home. There might also…

19

Oct

By Lori Blank

Real Estate

Taking A Look At The Current Real Estate Market

The law of supply and demand governs every area of the economy. The law is relatively straightforward. If there is more demand than there is supply, prices should be expected to rise. If there is more supply than there is demand, prices should be expected to fall. The same is true with houses, which have been rising quickly in price during the past year. Why is this the case, and what does this mean for the future? Housing Prices Are Going Up It should come as no surprise that houses are going up quickly. The biggest reason why the prices…

13

Oct

By Lori Blank

Real Estate

What Potential Homebuyers Need To Know About Buying Their First Homes

It is exciting to purchase a house for the first time, but this is also a major financial decision. Therefore, potential homebuyers need to make sure they are prepared. What do potential homeowners need to know about purchasing a home for the first time? Learn more about this process below. Ask For Help From A Real Estate Agent First-time home buyers always need to ask for help from a real estate agent. A real estate agent can help someone identify potential issues with a home that might have otherwise been overlooked. A real estate agent can also make sure potential…

12

Oct

By Lori Blank

Real Estate

Buying Property As-Is: How To Protect Yourself Accordingly

If you are looking for a home, your agent may tell you that a home is being sold as-is. This means that there may be major defects with the home that the seller is not willing to repair before offloading the property. As a result, their problems may become your problems if you purchase that property. How can you protect yourself during the sale? Look At All Disclosures Even though disclosure laws can vary significantly from state to state, the homeowner may be required to disclose certain problems to you. Real estate agents should always point out disclosures from sellers,…

08

Oct

By Lori Blank

Real Estate

What Are The Requirements To Sell A Home Using An FHA Loan?

Before an owner can market a property to buyers that want to use a FHA loan, he will want to familiarize himself with the FHA's standards. FHA won't insure loans on just any property. While their standards aren't as stringent as they used to be, a home needs to be in relatively good condition to qualify for FHA financing. Location And Lot To qualify for FHA financing, the property has to be located on a road or easement that lets the owner freely enter and exit. The access also has to be paved with a surface that will work all…

06

Oct

By Lori Blank

Real Estate

Getting Your Mortgage Application Approved As A Self-Employed, First-Time Homebuyer

A significant number of people are self-employed, which means they might be relying on this income to apply for a mortgage. It is true that people who are self-employed may face additional challenges when trying to get approved for a home loan when compared to someone with traditional W2 income, these are obstacles that can be overcome. With the right qualifications and documentation, even first-time homebuyers who are self-employed should be able to qualify for the home loan they need. Lenders Assess Someone’s Ability To Repay The Loan First, lenders are trying to make sure the person will repay the…

05

Oct

By Lori Blank

Real Estate

Keep Your Home Free From Clutter With These Helpful Unpacking Tips

The thrill of purchasing a new home is unparalleled; however, once you close on the sale, the dreaded unpacking process begins. You probably did not realize just how much stuff you had until you had to pack it all up. Worse yet, you need to unpack it when you get to your new home. If you don’t unpack intelligently, your new home could end up disorganized and full of clutter. With this in mind, how can you unpack without leading to a tremendous amount of clutter in your home? Get Rid Of Items You Do Not Need As you go…