Mortgages - Get Pre-Approved!
With the changes in the new mortgage rules it is imperative that Buyer's contact their mortgage specialist prior to house shopping. Many factors are taken into consideration when applying for a mortgage and the new legislative requirements make it a bit harder to qualify. Lenders look at your credit score, the type of property (residential, commercial etc.), the state of the property, location, if it is insurable or not and the list goes on. Your mortgage specialist will have you fill out an application and discuss the current mortgage rates and terms with you. Once you have received confirmation from your lender, you then should contact your Real Estate Professional.
Your Real Estate Professional will ask you if you have been to see your mortgage specialist, at this point you should be prepared to provide your agent with the mortgage specialists name and contact information. The agent will verify with the lender the information provided.
It is never a good idea to shop for a home prior to knowing if you can obtain a mortgage...it ties up the Sellers time and home, the Real Estate Professional's time and sets you up for disappointment.
Get your ducks in a row...before you start house hunting! Everybody wins this way!
Home Inspections - Do it Right!
In most offers to purchase a home a Buyer usually has a "condition" that they want the home inspected prior to finalizing the sale.
The time has come to do the home inspection and the Buyer has elected not to have an accredited certified home inspector do the inspection. Instead, the Buyer has a relative/friend/co-worker who has "knowledge" about houses because they bought several, work in the building industry, did their own renovations...you get the picture, and that person will be doing the inspection. The Buyer usually sees the monetary savings as a benefit and the fact that they know and trust the person as an advantage. But is that really an advantage?
A superior accredited certified home inspector is trained to notice deficiencies, address the concern with the Buyer and many times offer solutions. There are occasions that the inspector will find a structural problem and the Buyer and their Real Estate Professional will decide what plan of action to take. The inspection process is thorough and well orchestrated and a report with pictures and information is provided to the Buyer.
Let's take a look at the Buyer who chooses to have a "friend" do the inspection. They show up at the home and the friend takes a look at the exterior...tells the Buyer to write everything they say down on paper. The friend notices an exterior "issue" and brings it to the Buyer's attention and then they head into the home. Outside, the friend totally missed that the ground is sloping toward the home and not away from it (a drainage concern). Inside the home the friend looks at the windows makes a comment about some mold only to find that when the Buyer touches it, it was dirt on the sill not mold. They head into the kitchen...the friend turns on the kitchen facet watches the water go down the drain and shuts it off. The friend turns to the Buyer and says "looks good to me". Did the friend check under the sink...inspect the plumbing...NO! The Buyer tells the friend, "I also get all the appliances" and the friend responds "that's great" as they walk past the stove, fridge and dishwasher to go inspect the bathroom. Did the friend check to see if the appliances were operational....NO! The friend points out that the front screen door is missing the button to lock the door (the leaver is there just not the button top)...write that down the friend tells the Buyer. During the entire inspection, the friend failed to check the furnace, air exchanger, electrical panel, climb on the roof to check the shingles and structure, in fact they (the Buyer and friend) failed to notice that the home had no smoke detectors...a very serious issue!! How do I know about these "friends" simply because I've been to these types of inspections and the things this friend did are actual occurrences I have witnessed at these inspections.
Seriously, if you're going to spend hundreds of thousands of dollars on a home...most likely the largest purchase you'll make in your lifetime why, why, why would you ask a "friend" to inspect the home for you? Ask your Real Estate Professional to provide you with the names of several accredited certified home inspectors and please consider paying for their services...the small amount they charge could save you thousands in the end!!
brighten up winter
Welcome to the beginning of another year. We've had an interesting winter this year with cold and mild days...some days with sun and others with none. These days just make us stop and think about warmer weather. While we are looking forward to spring let's consider some updates to our homes that will help us pass the time indoors and increase value to our home at the same time.
Let’s delve into paint, an inexpensive way to update and refresh your home. It can change the ambiance of a room from restful and subdued to vibrant and invigorating. Houses painted in modern shades will more likely capture a buyer’s interest, as it denotes a well maintained trendy home. That sense of modern appeal translates into value and can easily increase the asking price of a home.
With so many paint colors to choose from how do you select the right color. If you're looking to sell your home in the near future...be sure to pick neutral colors. There is a wide pallet of neutrals from off whites to grays and browns that will show off the home and intrigue potential buyers. Keep the flow from room to room smooth and transitional. If you're looking to refresh your home for your own personal use then feel free to work with several coordinating shades. Choose several paint sample colors to take home and tape them to your walls. You want to see how the lighting during the day and night affects the color. Make sure that the paint tones work together, sometimes using warm and cool tones together will not create the effect you are trying to achieve.
Don't scrimp when it comes to paint, use a good product. Your results will reflect the quality of the paint.
So grab your brushes and have some fun!
I spent a lot of summers at a beautiful lake, where the water was fresh and clear. The evening sunsets reflected on that calm water creating a mirror image and the morning air held the anticipation of another enjoyable day. Every minute at this lake was to be savored...so I felt it appropriate to add this picture to my blog page.