- Everyone has a dream home, however there’s always something that we do not quite like in each house that we view. The key to finding the right home is setting realistic expectations. Make a list of your dream features and amenities before you start house hunting, at the same be willing to let some of those features go once you start looking at properties. It helps to score each feature on a scale of 1 to 10 to really see what each home has to offer.Once you’re house hunting, it can be nearly impossible to decide when you’ve looked at enough houses. Keep in mind that if you view a lot of homes it may result on the chances of getting confused as to what actually you are looking for. It will be a good idea to make a list of each property’s strengths and weakness, like’s and don’ts, and then get ready to compromise.
Set realistic expectations and look at more than a few houses, it’s time to start making some tough decisions. Just make sure you’re not compromising on something you’ll regret later.
If you’re in a sellers’ market, homes can go quickly and you might just be missing the window of opportunity.
Happy House Hunting!
Rents are at an all-time high for single-family homes according to Zillow‘s affordability report for the second quarter of 2015.
Did you know that consumers are currently spending an average of twice as much of their monthly income on rents as they are on mortgage payments?
Money talks! This is WHY NOW is a good time to buy a home, not only good! It is the best time to buy a house.
There is not doubt rents will likely keep rising at their current pace, and it is a fact high rents make it difficult to save for a down payment. Well, I have GOOD NEWS for you! There are down payment assistance programs that can help you buy your first home! Let’s GO!
Buying your FIRST HOME it is a very emotional process for most of homebuyers. However, don’t allow your emotions to get the best of you! You may fall into a number of common and high costly home buyer’s mistakes.
It’s important to keep your emotions in check to make the best possible decision. Once you’ve fallen in love with a particular home, it maybe hard to go back. Avoid the temptation to get in over your head financially, or the disappointment of feeling like you’re settling for less than you deserve. Start your search at the low-end of your price range, and see what home will satisfy your priorities.
Even when you have a long list of must-haves, there are probably several homes out there that can meet your needs. Be open-minded, so you don’t run away from good deals. However, don’t buy a fixer-upper that’s more than you can handle in terms of time, money or ability, and definitely out of your budget. If you have been looking for a while, and still not seeing anything you like, don’t get desperate by overbidding excessively to get into your new house.
In a HOT REAL ESTATE MARKET it may be necessary to pull the trigger very quickly if you find a home you REALLY like. However, you have to balance the need to make a quick decision in this kind of market, make sure the home will be right for you, without neglecting important steps like making sure the neighborhood is appealing to you, and it feels safe at night and during the day, investigating also possible noise issues like a nearby train, airports, among others. Taking the time to consider your decision will also give you a chance to research how much the property is really worth and offer a reasonably price for it!
HAPPY HOUSE HUNTING!
The Supreme Court decision making same-sex marriage legal nationwide will boost the mortgage demand as it provides gay and lesbian couples with more financing opportunities and stronger joint property rights.
The Supreme Court decision could spur not only more purchase lending, but also more refinancing, line of credit, among other helping to them to plan and build wealth.
Married same-sex couples also will have more access to the Department of Veterans Affairs mortgage program, said Gary Boyer, a mortgage loan officer at a brokerage in Portland, Ore.
“This has big implications as far as federal agencies. The VA, for example, has honored a same-sex spouse in states where marriage was legal, but did not honor same-sex spouses in states where it was not yet legal. Any veteran will now be able to have their same-sex spouse on the mortgage with them,” he said. Congratulations!
First, you need to establish a good credit.
Why? Because a good credit history is an important factor in reaching additional goals in your life like buying a house.
According to Zillow , here are 5 things you need to know in establishing a good credit history.
1. Find out where you stand
2. Build a credit history
3. Research credit card options
4. Use credit responsibly
5. Chip away at student loans Wishing you only the Best Grads! Thumbs UP!
On a non-seasonally adjusted basis sales of new homes nationwide these were estimated at 49,000 units, were the South counted for more than half of those sales.
The average sales price was $341,500, up from $325,100 one year earlier.
Are we there yet?
But bigger is usually not better when it comes to houses. There’s an old adage in real estate that says don’t buy the biggest, best house on the block. The largest house only appeals to a very small audience and you never want to limit potential buyers when you go to re-sell.
Your home is only going to go up in value as much as the other houses around you. If you pay $600,000 for a home and your neighbors pay $350,000 to $300,000, your appreciation is going to be limited. Sometimes it is best to is buy the house that has the most deferred maintenance on the block, because the worst house per square foot always trades for more than the biggest house.
Decorating or redesigning our homes should not be thought as an expensive or complicated activity.
The usage of appropriate color scheme and fabrics to emphasize and provide light for the rooms in our home play a very important role. Balance is the most important part of home decorating, and it applies to colors as well. They have the power to affect how we perceive things.
Room colors can influence our mood and our thoughts. Colors affect people in many ways, depending upon one’s age, gender, ethnic background or local climate. So when it comes to decorating, it is important to choose wisely.
You do not have to worry too much about trends, as they come and go. Make your home beautiful by choosing Colors and styles that reflect your personality. Have fun!