Things you shouldn’t do before applying for a home loan

If you’re getting ready to buy a home, there are a lot of things you should do, such as getting pre-approved for a home loan. But there are also a few things you don’t want to do. 1. Change your job. Now is not the right time to become self-employed, to quit your job or to even switch jobs. Lenders want to see job stability, which means you’re less likely to default on your loan. 2. Co-sign on a loan. Even if you’re not the one who will be making the payments on a loan, if you’re a co-signer, you’re financially responsible...

April 30th, 2015 | Mortgage Options, Things you shouldn’t do before applying for a home loan

Are you ready for some home remodeling?

Are you planning on doing some home remodeling this year? You’re in good company. Home remodeling activity is on the rise as millions of Americans are now able to tap their home equity to tackle a variety of improvement projects. Homeowners spent nearly $130 billion on remodeling projects last year, according to U.S. Census data. The increase in projects and spending — at a six-year high! — is a sign of pent-up demand unleashed by rising home prices. For the first time in several years, many homeowners are able to tap home equity lines of credit or take out home equity loa...

April 25th, 2015 | Home Renovation, Are you ready for some home remodeling?

Inexpensive ways to get your home ready to sell

You want to sell your home, but you don’t have a lot of money to invest in repairs and upgrades before it hits the market. You’re in luck! There’s a lot you can do to make your home more inviting to potential buyers that doesn’t cost a fortune. Here are some fairly inexpensive steps you can take before you list your home: Clean the carpets. Investing in a professional carpet cleaning can be a great move, especially if you have small children and pets. Stained carpets aren’t exactly aesthetically appealing, and carpets can harbor all kinds of odors. Make...

April 20th, 2015 | Home Renovation, Home Selling Tips, Inexpensive ways to get your home ready to sell

Distressed properties: What’s changed for home buyers

Interesting in buying a distressed property? You’ll still find these types of homes on the market. But there are definitely fewer bank-owned properties and short sales available for sale today than there were a couple of years ago. Beyond a smaller supply of available properties, here’s what else has changed for home buyers: Discounts aren’t as deep. Foreclosures are selling for less of a discount than in the past – in general, between 12 percent and 16 percent off market prices compared with discounts of 20 percent or more in the past. That’s why you don&...

April 16th, 2015 | Home Buying Tips, Distressed Properties, Distressed properties: What’s changed for home buyers

Appraisal anxiety got you down? Here’s how to cope

If you’re buying or selling a home, you may be worried about the appraisal. What should you do if the appraisal comes up short?  Here are some options for both buyers and sellers: For sellers: • Walk away. If the appraised value comes in lower than what a buyer is willing to pay,  that buyer may want you to lower your price. You can do that, or you can walk away and put the property back on the market with hopes that a new buyer, new lender and new appraiser could yield different results. There is a chance, of course, you’ll end up in the same situati...

April 12th, 2015 | Home Values, Appraisals, Appraisal anxiety got you down? Here’s how to cope

The most common homebuyer mistakes

In the market for a new home? You’ll want to avoid these common mistakes made by first-time buyers – and even those who already have purchased a home or two before. Shopping before getting pre-approved. Without consulting with a mortgage company first, you aren’t going to know how much house you can afford. And if you find a home you want to buy, sellers in today’s market may disregard your offer if you aren’t pre-qualified by a mortgage company. Looking for homes on your own. Tap the experience and knowledge of a good Realtor. Especially for first...

April 8th, 2015 | Home Buying Tips, The most common homebuyer mistakes

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