Don’t get overwhelmed with one of the most important buying decisions in your life. We discuss new home financial topics including marketing information and the new home building, buying and selling processes.
If you’ve ever sold a home, be it townhome, condominium or single-family home, you know it’s all about setting yourself up for seller’s success.
Regardless of the circumstances surrounding your decision — perhaps a job transfer necessitates a quick sell — you want to give your real estate professional the best chance to move your current home quickly, and for maximum profit.
When you don’t, the moving process can screech to a halt. Here are some listing mistakes to avoid.
Your house is empty, or looks lived-in
Before you go to market, your home should prepped for its closeups with prospective buyers.
If you […]
NEWS FLASH: there’s no perfect time of the year to put your current home on the market.
There are seasons when going to market can be easier, depending on your geographical region, but the truth is there are no blanket absolutes. It all depends on the home you’re selling, where it is, the real estate trends in your area and your pricing.
The larger truth is the best time of year to sell your home is…when you need to sell it. And that may be the time of year generally cited as the worst time.
Doesn’t matter. You may have to move […]
There are a few circumstances where you can and may prefer to purchase a new home before selling your previous home. If you are in a hot seller’s market where homes are selling quickly, for example. If you are buying new construction, you have extra time to sell your current home while your new home is being built. But what options do you have if you are buying a new home that is move-in ready?
The first thing to do is see if you can qualify to carry both mortgages at the same time. Since you will own two homes […]
You might think all appraisals are the same, but a buyer’s choice of financing has an impact on the process. It can affect who can perform the appraisal, the minimum health and safety standards the house must meet, and the cost of the appraisal.
Not all appraisers can perform every type of loan appraisal. Appraisers must be individually certified to do conventional, VA, and FHA appraisals. Your lender will typically order conventional and FHA appraisals from an AMC (Appraisal Management Company). VA appraisals must be ordered directly from the VA.
While all appraisers must comply with Uniform Standards of […]
The economy is strong, rates are still low, and the real estate industry is hot. For people wanting to purchase a home but struggling to scrape up the down payment, there is hope. Many people are aware that they do not need a 20% down payment. But, what you might not be aware of is that there are many programs available that require little to no money down. Below are seven ways for buyers with limited funds to participate in the dream of home ownership.
1. USDA Rural Housing Loans
The United States Department of Agriculture (USDA) Rural Development department offers […]
Are you a seasonable Florida resident or wannabe?
Once summer humidity retreats and leaves began turning brilliant colors, do you dream of bicycle rides on the beach? Shirtsleeve weather in January?
Do you vacation for extended periods in the Sunshine State, or frequently, and dread leaving?
Sounds like seasonal residency might be for you.
Whether you’d like to become a snowbird or just pop down any time you like without reservations, second-homeownership is a great way to go. The hassles of renting or hotel stays are no more, and you can create your own home away from home. The key is owning instead […]