July 2016

Found 7 blog entries for July 2016.

Is it a Good Time to Buy a Home? Economic Concerns.

For today’s post, I’d like to highlight though many buyers are out there madly shopping for homes in what is currently a seller’s market, a lot of buyers are hanging back wondering “is it a good time to buy a home” due to economic concerns.

Unsure about what the current administration’s impact on economy and housing, jobs and wages, world affairs, stock markets and real estate market fluctuations have many buyers scratching their heads, waffling about a home purchase. Looks good? Smells good?

is it a good time to buy a home

I’d like to offer some simple but wise advice if you fall into that category.

It’s not always the right time to buy a home for some with regard to savings, bill-paying power, credit and

4,794 Views, 0 Comments

Are You Really Prepared for the Cost of Buying a Home?

In a fast moving and ever-changing real estate market, buyers wrestle with wanting to make a home purchase happen but have you asked if yourself if you are really prepared for the cost of buying a home?

I’d hate to see you fail, I really would.

the cost of buying a home

It happens; you find a house that meets all or most all your requirements and you’ve actually spoken to a lender and a pre-approved for a home loan, let’s say $250,000 and the listing is also $250,000.

Let’s also say, hypothetically, you get an accepted offer at $240,000 and you jump for joy – but then one by one, expenses start to pop up and you begin to worry if the cost of buying a home is going to be too great.

Planning now, and more

13,516 Views, 2 Comments

Residential Real Estate Investing – 3 Ways to Mitigate Risk

One of the most concerning things a real estate investor wrestles with is risk, whether just starting out with small real estate investing in single family homes or those pursing multi-family and commercial properties.

The risks can be scary, but there are tools, instruments and other investments that will keep your real estate investing safer, preserve your progress, peace of mind and protect you and your investment from a legal standpoint.

real estate investing

Another facet of risk in real estate investing is choosing areas and properties that perform, this article is meant to address other types of risk.

Investing in single family and multi-family house – a duplex on up to a small 8-25 unit

2,088 Views, 2 Comments

Pre-Approval Definition vs Pre-Qualified Home Loans

A lot of clients, buyer or seller and some real estate professionals lack understanding about the substantial difference between a pre-approval definition and pre-qualified home loans and unfortunately cost some the dream of buying a home.

There are several reasons both Realtors and sellers want buyers to fit the pre-approval definition as it means the buyer has spoken to a lender and has the financial capacity to follow through on a purchase.

pre approval definition

Savvy Realtors that are going to help list a property also want the seller to get pre-approved if the Realtor is going to help them with a home purchase as well before listing the current property.

Pre-qualified home loans are a positive signal, but

1,879 Views, 3 Comments

Buy a Cheap House?

A dream shared by many, to buy a cheap house and have next-to-no mortgage, fixing it up yourself, making it your own and feeling the DIY pride and savings right?

Ideal perhaps for some, but for many it can be biting off more than one can comfortably chew. If you intend to buy a cheap house, know that there are some home improvements and renovations best left to a professional.

buy a cheap house

That being said, there's a problem inherent for most when it comes to buying a cheap house and doing the repairs yourself – If you're financing you are not allowed to do the repairs.

Yep, that's right, it's Federal law when using an FHA renovation loan, or FHA 203k / 203b streamline, that only FHA certified contractors may perform the work. That

7,177 Views, 0 Comments

How to Sell My Home for More

My business partner Marty Snyder and I help clients buy and sell dozens of homes every year, and while sellers usually have a ballpark idea of their home’s value, it’s usually on the high end.

This is only natural, of course, just like a parent’s bias for a child and natural too to attempt to net every penny possible from the sale of their home.

sell my home for more

To that end, here are seven tips to help get top dollar when selling a home.

But before I dive into that, soon-to-be sellers should realize that consulting with neighbors, parents or the local tax man will not give you an accurate fair market value range.

"What is my home worth?" Rely on facts.

Range has everything to do with time frame constraints. It takes

5,884 Views, 0 Comments

How to Make an Offer on a Home - Strategy

If you have not been shopping for a home lately, you might not be aware of what is going on around you. Most homes (that are in good condition and are priced right) are selling the same day they hit the market. Most are also selling at or above the asking price. So, if you want to buy a home, you better be armed and ready!

Over the past several years, home buyers have been able to enjoy lower home prices and even being able to get some downright bargains on their home purchases. However, those days have gone by the wayside.

how to make an offer on a home

Today’s market is very different than it was even as little as a year ago. You ask, “why”? First, I will give you a brief explanation as to what has transpired and then I will give

3,475 Views, 3 Comments