Buying a home is a big step in one's life especially when you are doing it for the first time. Take a look at some of the most essential questions to ask before moving forward.
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b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:41 PM
When buying a home one of the more vital considerations is getting your financial house in order. This includes making sure you pay all your bills on time and now taking out large loans.
One of the largest driving forces in giving a borrower their interest rate and mortgage terms is the credit score they have. Given how much weight is placed on credit scores it makes sense to work on them prior to purchasing a home.
In the article at Realty Times, see a rundown of what lenders think is a good credit score. You will see what is considered a good credit score and a bad one as well. You will also see some excellent tips on how you can improve your score before purchasing a house.
Putting in the effort to increase your score will be well worth your time.
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:43 PM
When you are going to be buying a home there will be numerous financial terms that you will encounter in the process. It is vital that you have at least a basic understand of most of these terms.
In the article at Maximum Real Estate Exposure, you will see a comprehensive review of some of the more common mortgage jargon that buyers will come across. When you visit you'll see thirty-five of the most essential mortgage terms to understand.
If any of these terms are confusing it would behoove you to speak with either a competent mortgage broker or real estate agent for clarification.
Make any kind of serious mortgage mistake could be costly.
Paula-Damico-Auger's curator insight,
April 25, 2018 11:44 AM
By marketing your home as COMING SOON, you give up the opportunity for massive exposure through the power of the internet and the MLS.. You are essentially ruining your ability to get maximum profits from your home. Need marketing advice, #DamicoNHouston, #DamicoProperties
Paula-Damico-Auger's curator insight,
May 16, 2018 9:36 PM
For as long as I can remember open houses have been a part of significant percentage of real estate agents marketing plans. Before the internet came to be holding an open house was a worthwhile exercise to give a sellers home additional exposure.
With the advent of the internet that all changed. Buyers are able to freely look at homes online in the comfort of their own house.
When they want to see a home they can easily reach a real estate agent to schedule an appointment. This is what all serious buyers do!
Open houses are no longer necessary and put a sellers home at risk of theft. Many real estate agents unfortunately do not educate their clients of this fact.
Open houses bring anyone through the door whether they are in the market to purchase a home or not. There is no point in a seller having people who are not qualified to purchase or belong in the home.
So why do real estate agents hold open houses? A pretty easy question to answer. They are great activities for an agent to prospect for business whether it is another seller in the neighborhood thinking of selling or a buyer who can't afford the open house but are a buyer none the less.
If you are selling a $400,000 home and the person walking through the door can only spend $300,000 it is pointless. They won't be buying the home.
For a real estate agent, however, this is a person who can buy a $300,000 home elsewhere!
For this reason real estate agents love to push open houses. The problem for the seller is they are magnets for crime. Lots of theft occurs in open houses every year.
If you are selling a home you don't need an open house. What you do need is an exceptional agent who will price your home correctly and market it well online.
Take a look at the article referenced above. It will be an eye opener on open houses.
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:44 PM
Like many industries there are good eggs and bad eggs. Some real estate agents love nothing better than giving their clients the best representation possible.
Sadly, there are also real estate agents who do nothing but think about how much commission they can take out of the sale. These are the kind of agents you want to avoid at all costs.
In the article at Maximum Real Estate Exposure your going to see 5 ways real estate agents fool their seller clients.
One of the most common ways is with dual agency. Dual agency is terrible for a seller. When you hire a real estate agent you want them to be representing your best interests throughout the sale, including trying to get you the best price for your home.
When you agree to dual agency YOUR Realtor becomes a neutral party. The agent you hired no longer represents you. Some agents, however, love dual agency so they will explain it to you in a way that doesn't make it sound all that bad.
Don't believe it! Dual agency only benefits one party - the real estate agent! Double commission are wonderful for an agent.
Another way sellers get deceived is by agent who promote open houses without explaining the risks. Frankly, open houses are not necessary to sell a home and put the clients home at risk.
With an open house you let anyone in the door with a pulse. Open houses have become a magnet for crime. Don't let a real estate agent convince you they are necessary. Real buyers schedule showings which are vetted by the agent.
Take a look at the other ways real estate agents trick sellers in the latest article at Maximum Real Estate Exposure. If you enjoy the post, give it a share or scoop. |
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:40 PM
When you are buying or selling a home, you're bound to see what is referred to in the real estate world as contingencies. Real Estate contingencies give either a buyer or seller certain rights under a contract.
For example, one of the most common real estate contingencies is a home inspection. A home inspection contingency gives a buyer the right to conduct an inspection on a home they are interested in purchasing. Should the inspection reveal problems they are uncomfortable with a buyer will be able to leave the transaction. In other words, the purchase is "contingent" on a successful inspection.
There are numerous contingencies that can be found in purchase and sale agreements. Some of them are typical and others are not.
In the reference at Maximum Real Estate Exposure, you will see a comprehensive overview of many types of real estate contingencies you should be familiar with when buying or selling a home.
Use the information to make informed decisions when buying or selling a home.
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:42 PM
Are you excited about the prospects of becoming a first time homeowner? Have you been wanting to own a home but felt you were locked out of the real estate market?
If so, you are not alone. One of the most significant stumbling blocks to become a first time home buyer is coming up with a down payment. For some it is truly too difficult to save what they need for they need. For others there is a lack of education about down payment requirements.
Many buyers have no idea that there are still low and no down payment mortgage options. A significant portion of the population still thinks a twenty percent down payment is required.
In the article at Vocal Media, the curtain is put aside on the down payment requirements. You will learn where you can get financing that requires little or no money down.
If you have been wanting to purchase a home get yourself educated on the process, as well as what it takes to prepare financially to be the next homeowner.
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:43 PM
When you are going to be buying a home for the first time, one of the essential considerations is your credit score. Those who have the best credit scores generally get the best interest rates and mortgage terms from lenders.
Given the importance of your credit score, it is vital to do what you can to improve it. First-time buyers would also be wise to make sure their credit report is accurate as a mistake can have a devastating impact on your score?
Did you know that you can get a free credit report one time a year? Well, you can! In the article at Maximum Real Estate Exposure, see what you need to know about getting a hold of your free credit report.
Once you have it in hand do your best to check for errors and take action if you discover there are any.
b54wp4xg3u@privaterelay.appleid.com's curator insight,
February 22, 2021 9:43 PM
When purchasing a home, one of the most important aspects is the financing. For home buyers, there are literally hundreds of options.
Should you go with a fixed or adjustable rate mortgage? Does going with a thirty year, fifteen years or some other time frame mortgage make the most sense?
Being educated on the mortgage process with be a critical component to your financial success. Therefore it is imperative to have questions to ask your lender lined up ahead of time.
The lender you choose with have financial ramifications that will affect you for a long time. It makes sense to take the time and do your due diligence when selecting a lender.
The questions you ask will go a long way in making the absolute best choice. The reference above provides a great article found on Maximum Real Estate Exposure that will explain what you should be asking.
Make sure that you get the answers you are looking for to these detailed set of questions.
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Will you be purchasing your first house in the near future? If so, exciting times are ahead. Looking at homes and then eventually finding one you will love is fun to do.
Before committing to your first house, however, there are some vital things to consider before making a home purchase. In the article at Bloglovin, you will see some of the most crucial considerations. You should never buy a house before you are both financially and emotionally ready.
Doing so could make the whole experience an unpleasant one. Take a look at the helpful first-time buyer tips that will keep you on track.