Sandi Boucini & Michelle Granger - RE/MAX Executive Realty



Posted by Sandi Boucini & Michelle Granger on 8/15/2018

Adding your residence to the housing market can be tricky. And for those who are unprepared for the potential pitfalls of the real estate market, it may be difficult to get the best results from the home selling journey.

Fortunately, we're here to teach you about the housing market so you can understand what it takes to optimize the value of your home.

To better understand the ins and outs of the real estate market, let's take a look at three common misconceptions that are frequently associated with selling a house.

1. Your home has increased in value since you initially purchased it.

What you paid for your house a few years ago is unlikely to match what it is worth today. As such, it is important for a home seller to understand the current state of the real estate so he or she can price a residence accordingly.

A home seller should look at the prices of comparable residences before adding his or her home to the housing market. By doing so, this home seller can see how his or her residence stacks up against the competition and price it based on the current housing market's conditions.

Also, a home seller should complete a property appraisal. This evaluation allows a home seller to receive expert insights into a house's pros and cons. Plus, a home appraisal ensures a property seller can prioritize myriad home improvement projects to help boost a house's value.

2. You should have no trouble stirring up plenty of interest in your house.

Although a home seller enjoys his or her residence, there is no guarantee that homebuyers will feel the same way. Therefore, a home seller should allocate the necessary time and resources to enhance a property's appearance both inside and out.

Completing simple home exterior improvement projects like mowing the front lawn and clearing dirt and debris from the walkways can make a world of difference in homebuyers' eyes. These home exterior improvements will help you bolster your house's curb appeal and boosts your residence's chances of making a positive first impression on homebuyers.

In addition, don't forget to declutter your residence's interior as much as possible. This will make it easy for homebuyers to imagine what life may be like if they purchase your home.

3. You don't need support from a real estate agent.

When it comes to selling your residence, it is always better to err on the side of caution. With a real estate agent at your side, you may be able to accelerate the home selling process and improve your chances of maximizing the value of your house.

A real estate agent will help you manage challenges throughout the home selling process. He or she will show you how to list your residence and promote it to the right groups of homebuyers, along with provide comprehensive responses to your home selling questions.

Employ a real estate agent to guide you along the home selling process Ė you'll be happy you did. A real estate agent will do everything possible to ensure you can sell your residence quickly and effortlessly.




Categories: Uncategorized  


Posted by Sandi Boucini & Michelle Granger on 8/8/2018

Being a first-time home buyer is tough. It can seem like you have undertaken one of the most overwhelming processes ever. Thereís so much to learn in the process of securing a mortgage and closing on a home. If you go into buying a home prepared with knowledge, it will be that much easier for you. 


Thereís a lot of terminology to learn about the home buying process. Youíll need to know who should be involved with the transaction including agents, lawyers and bankers. Youíll need to be prepared for the fees involved in buying a home as well. There are many different programs available to help first-time homebuyers that can help you save money and secure your first home. Hereís just some of those programs: 


FHA

This is the Federal Housing Administration and itís a very popular go-to for first-time home buyers. Itís also great for people who have tarnished credit history. As a borrower with FHA backing, you can qualify for a loan with as little as 3.5% down. These FHA loans have an additional cost built into them which is mortgage insurance. In case you default on the loan, this protects the lender.


The Department Of Veteranís Affairs


This resource helps veterans, service members and their surviving spouses to buy homes. Often, this program requires no down payment or mortgage insurance. The problem is that getting these kinds of loans can take awhile to process, so you canít be in a big hurry to buy a home.


Good Neighbor Next Door


This program is meant for teachers, law enforcement, firefighters and emergency medical responders, which is why itís called the ďGood NeighborĒ initiative. This is a program sponsored as part of the Department of Housing and Urban Development. It allows 50% discounts of the price of homes in places considered revitalization areas. All you need to do is be in one of the said professions and commit to living on the property for at least 3 years. The catch is that these homes are listed for just 7 days on the Good Neighbor Next Door website.


Fannie Mae and Freddie Mac


These are government-sanctioned companies that work with local lenders to offer good mortgage options for first-time home buyers such as 3% down payment options.


USDA


The U.S Department of Agriculture has its own homebuyersí assistance program. The benefits are for people who live in rural areas and allows 100% financing by offering lenders mortgage guarantees in return. There are income limitations that can vary by region.

Assistance Isnít Hard To Find


As you can see, there are many programs available to help first-time homebuyers. From downpayment assistance to ways that you can keep your mortgage payments low, you can find some help if you need it. You may feel that purchasing a home is something thatís far in the future the future, but with federal programs, more people can realize their dreams of home ownership.        




Tags: mortgage   FHA loans   home loans  
Categories: Uncategorized  


Posted by Sandi Boucini & Michelle Granger on 8/4/2018

Lovingly maintained home offers it all! Set on a quiet country road, this home entices you with an awesome back yard! Fully fenced in and private with a separate fenced in area for pets, expansive paver patios both covered & uncovered, huge storage shed, multiple decks PLUS a great 3 season porch to enjoy! Inside boasts a totally open first floor w/ an eat-in kitchen that has updated stainless appliances, living room, cozy family room w/ wood inlay & wood stove! First floor laundry & full bathroom are super convenient. The 2nd floor is all hardwood & includes a large master w/ a spacious walk-in closet & full bath with tub/shower. Two guest bedrooms are very roomy! The finished walk-out basement offers versatile space that could be a playroom, exercise room, office...you name it! Plus there is also unfinished space for storage! Many updates have been done in the last 10 years including; septic, well pump, most windows, exterior paint, hot water tank....all you need to do is move in!

More Info on this Property | New Listing Alerts




Categories: Uncategorized  


Posted by Sandi Boucini & Michelle Granger on 8/1/2018

Thereís many different myths about buying a home that may have been presented to you as fact. All of these rumors could have you believing that being a home owner is a dream. Here, weíll debunk some of the most common misconceptions about home buying and give you the tools to solve any issues that you may come across in the process of securing a home loan.


If You Donít Have 20% To Put Down On A Home, You Canít Buy


Many conventional loans do require a 20% down payment on a home. Thereís also many different loans available that may suit your needs. From Federal Housing Administration loans to Veteranís programs to down payment assistance programs, thereís many different things that can be done to help you buy a home. Keep in mind that any time you put less than 20% down, youíll need to provide additional mortgage insurance, also known as PMI or private mortgage insurance.  


If Your Credit Score Is Terrible Youíre Out Of Luck

If you want really good mortgage rates, having great credit is very important. If your credit score is low, your rates tend to be much higher. A really low credit score could keep you from getting a loan completely. FHA loans allow you to still qualify for a loan with a credit score as low as 580.


You Need To Make Bank To Get Money From The Bank


Monthly annual income is just one of the factors thatís considered when it comes to getting a loan to purchase a home. Your debts matter just as much if not more. People with significant credit card debt and other loans may be denied a home loan even if they have a substantial income. 


Youíre In The Clear If Youíre Pre-Qualified


Pre-qualification is much different than pre-approval. Pre-qualification involves giving your lender basic information about your finances in order to estimate how much of a loan you can get. This will give you a ballpark figure of about how much youíll be able to borrow. Of course, this is very helpful in the home search process, but youíre not done. To get pre-approved, youíll need a complete mortgage application in order to have your complete financial background check and credit rating.  


If Youíve Met One Real Estate Agent, Youíve Met Them All


This couldnít be further from the truth. Your relationship with your real estate agent is going to be quite close. Youíll need to share somewhat personal information in order to secure a house youíll love. Agents are involved in one of the biggest decisions that youíll ever make. Each agent has his or her specialties and knows different neighborhoods better than others. Definitely go with a real estate agent that you feel comfortable with and knows their stuff.  


Closing Costs Arenít Your Responsibility


Sometimes, sellers do pay the closing costs in the sale of a home. It all depends upon how the negotiations go with the home. Youíll need to be prepared for upfront costs in buying a home. These include a credit check, attorney fees and property insurance. As a buyer, youíll be paying anywhere between 2 and 5 percent of the purchase price of the home.  


Itís important to be prepared and to stay informed in order to make sound financial decisions throughout the process of purchasing a home. Everything will be that much more exciting when you have all of the pertinent information that youíll need.




Categories: Uncategorized  


Posted by Sandi Boucini & Michelle Granger on 7/25/2018

Ready to enter the real estate market for the first time? As a first-time homebuyer, you may encounter many challenges as you kick off your search for the perfect house. However, property buyers who understand these challenges will be better equipped than others to overcome such difficulties quickly and effortlessly.

Now, let's take a look at three common challenges that first-time homebuyers may face:

1. You don't know what to look for in a house.

You know you want to own a house, but how do you define your "dream" residence? Ultimately, you'll want to consider what you'd like to find in your perfect house so you can map out your real estate search accordingly.

Creating a checklist of things you'd like to have in your dream home usually represents a great starting point for first-time homebuyers. This checklist should include both "must-haves" and "wants" and can help you narrow your search for the ideal residence.

2. You aren't sure how much money you have available to purchase a home.

How much can you spend to acquire a residence? Without a budget, you may struggle to begin your real estate search.

Lucky for you, many banks and credit unions make it simple to get pre-approved for a mortgage.

Set up meetings with a few lenders in your city or town Ė you'll be glad you did. These lenders can help you assess your current financial situation, outline all of your mortgage options and ensure you can gain pre-approval for a mortgage.

With a mortgage in hand, you may be better equipped than other homebuyers to secure your ideal residence. This mortgage will help you determine exactly how much you can spend on a home. Plus, getting pre-approved for a mortgage can help you avoid the temptation to spend beyond your financial means to acquire your dream house.

3. You don't know what it takes to go from homebuyer to homeowner.

The homebuying process can be long and complicated, especially if you have no idea about what to expect from it. Fortunately, real estate agents are available to help you take the guesswork out of going from homebuyer to homeowner.

A real estate agent is a housing market professional who is happy to share his or her insights with you. He or she will respond to your homebuying concerns and queries and teach you about all stages of the homebuying cycle.

Furthermore, a real estate agent will set up home showings, keep you up to date about new houses as they become available and negotiate with property sellers on your behalf. This housing market professional will even go above and beyond the call of duty to guarantee you can purchase a home that you'll be able to enjoy for years to come.

When it comes to buying a home for the first time, there is no need to navigate the homebuying journey alone. Instead, collaborate with a real estate agent, and you can accelerate the process of acquiring a top-notch house at a budget-friendly price.




Categories: Uncategorized