Buyers

There are currently 23 blog entries related to this category.

Buyers don't despair...even though interest rates are rising and inventory is super low. You can still find the home of your dreams. But first you must be prepared.

1.Talk to a lender . Before you start your home search, talk to a lender to find out what you can qualify for. It doesn't make sense, if you don't know what price range to look in. Lenders look at a number of things to determine how much they will lend. And when you find the perfect home, you'll need a pre qualification letter to accompany your offer. With homes having multiple offers, you want to be ready.

 2. Find yourself a good Realtor. Your Realtor can not only help you find a home, but can also help determine the best price to offer and help you navigate through the process to get

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WHEN YOUR CREDIT CHANGES


It's a combination car, pickup
truck and SUV. You really want it. The features are
great, the style is the latest, and it's affordable after
the down payment, the cost
is only $300 a month.
"Would you buy this car today if I can include the genuine wood grain, rubberized
side moldings?" asks the salesman.
Before emitting a strong "yes", stop and consider what's about to happen. You will
be increasing your debt load and monthly payments, things which make mortgage
lenders edgy. If you want to buy a home in the coming months, you need to
carefully consider your financial choices.
The issue here is not cars. If you need a car for safe travel, then safety comes first.
But if you merely want a new car or
superduper
music system, an

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Happy 4th of July

I would to wish everyone a safe and Happy Independence Day.

If you are traveling, please drive responsible. 

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Buying a new home is very exciting, but can be overwhelming even to those who have bought a home previously. Below is a brief overview of what buyers can expect and hopefully help them understand the process.

1.       Lender pre-approval .  Before starting the search for your new home, it’s smart to contact a lender to find out what you actually pre-qualify for. This way you can look at homes that you are qualified to purchase. You may already have an idea of the price range you would like to be in but your lender can provide a solid idea of what you can afford and what they will lend. Keep in mind that when you make an offer, you will need a pre-qualification/pre-approval letter to submit with your offer.

2.       Realtor.  Your Realtor will help

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The Foreclosure Crisis: 10 Years Later | MyKCM

CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day.

With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire foreclosure crisis.

Dr. Frank Nothaft, Chief Economist for CoreLogic, had this to say,

“The country experienced a wild ride in the mortgage market between 2008 and 2012, with the foreclosure peak occurring in 2010. As we look back over 10 years of the foreclosure crisis, we cannot ignore the connection between jobs and homeownership. A healthy economy is driven by jobs coupled with consumer confidence that

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4 Great Reasons to Buy This Spring! | MyKCM


Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4% over the last couple months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of

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Ready to Make an Offer? 4 Tips for Success | Simplifying The Market

So you’ve been searching for that perfect house to call a ‘home’ and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!

Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here are the 4 Tips they covered along with some additional information for your consideration:

1. Understand How Much You Can Afford

“While it's not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”

This ‘tip’ or ‘step’ really should take place before you start your home search process.

As we’ve mentioned before, getting pre-approved is

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1% CASH BACK 

For the months of April,May and June I am running a Special CASH BACK offer: If you use me as your buyer's agent when purchasing a new construction home, I will give you 1% cash back! For example: if the purchase price of the new construction home is $300,000, I will give you $3,000 at closing! Mention this Special when you contact me :)

 

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50% of Houses sold in 36 Days or Less in July [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for their Confidence Index
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 38 out of 50 states and Washington D.C.
  • Homes sold in less than 30 days in 17 states
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