What is right-sizing? We all hear about downsizing which is primarily associated with folks over 50, however, in our real estate practice, we believe it is all about right sizing. Regardless of whether one is moving up or down, it may come with alot of emotion, a lot of details to coordinate and then there is always the physical aspect to moving. Of the physical and emotional challenge’s, the emotional tips the scale as there are many things to consider when right-sizing. For the over 50 … [Read more...] about Is Right-Sizing in your Future?
For many sellers, their REALTOR’s commission is a small price for making the home sale process go smoothly. For others, it’s enough to make them seriously consider selling their home themselves. Here are some of the jobs that a REALTOR does for a seller. Ask yourself if you’re ready to take on these jobs: The answers can help you decide if “For Sale by Owner” or FSBO is right for you! 1. Pricing. You’ll need to find a list of 3-4 comparable homes that have recently sold in your community and … [Read more...] about Is “For Sale by Owner” Right for You?
Buyers and Sellers are traditionally thought of as adversaries, and while it’s true they often square off during negotiations, it’s possible for both buyers and sellers to win in one home sale! Part of the secret is to understand the other point of view so you can negotiate a winning compromise! Home Buyers Buyers are looking for a lower price, the home of their dreams with features important to them, a home that’s ready to occupy, a home in great condition, and a home that will be a … [Read more...] about Win-Win Contracts for Buyers and Sellers
Underwriters are the bank employees who calculate the risk of loaning money to each potential borrower. Some risk factors that can affect your mortgage interest rate or your acceptance rate are well known: Your credit score, debt ratio, and debt-to-income ratio. Other risk factors or concerns aren’t as well known: Sudden changes in debt ratio, changes in name or address, closing accounts, and accepting gifts to use as down payments. Learn about what lenders are looking for, what they avoid, and … [Read more...] about Top 10 Tips to Prepare Your Finances for a Home Loan
Buying a home at auction has been a growing trend, even though it just a small percentage of residential sales. Since the recession in 2009, buyers have seen auctions become more frequent and have noticed that this is a faster, simpler way to buy a home. It does come with some risks to the buyer, as most of these homes are sold “as is” with little time for inspections, personal or professional. There are 3 types of auction 1. Absolute Auction. This is also called an Auction without Reserve or … [Read more...] about Buying a Home at Auction