Part 1: 6 Buying & Selling Mistakes to Avoid


There are six mistakes you want to avoid during a simultaneous sale. Here are the first three.


In part one of our two-part series on real estate mistakes, we’ll be going over the first three pitfalls you want to avoid when buying and selling at the same time: 1. Waiting too long to prepare your home for the market. If you wait until the last second to prepare your home, it can cause a lot of unnecessary stress. You may have to paint walls, repair decks, and more. Don’t wait until it’s too late! 2. Not having a backup plan. When you’re going through the buying and selling processes at the same time, there are a lot of moving parts to consider. It’s good to have something to fall back on if issues come up and you need to make changes.

Don’t let reality hit you after you’ve found the perfect home.
3. Not speaking with a lender before starting the home search. If you don’t talk with a lender up front, you won’t have a pre-qualification or pre-approval and you’ll have no idea what you can actually afford. Don’t let reality hit you after you’ve found the perfect home; speaking with a lender from the outset will help eliminate the daydreaming. Stay tuned for part two of our series, where we’ll cover the final three mistakes to avoid during a simultaneous sale. If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon.
No comments :
Labels: ,
Location: Temple, TX, USA

How Long Does a Pre-Approval Last?


Once you get pre-approved, how long is this pre-approval good for? Find out with today’s quick message.


You probably already understand the importance of getting pre-approved. After all, meeting with a lender to verify your capacity to buy is the first step you should take in your home search. But after a lender reviews the necessary documents (bank statements, pay stubs, etc.) and explains what kind of home you can afford, how long will this pre-approval last?

Meeting with a lender to verify your capacity to buy is the first step you should take in your home search.
Thankfully, you’ve got quite some time before your mortgage pre-approval will expire. Lenders understand that buying a home can be intense. They know it can’t happen overnight, so most mortgage pre-approvals will remain valid for at least 90 days. After that point, you may need to undergo a second pre-approval process to ensure that you still have the means to buy a home. If you have any other questions or would like more information, feel free to give us a call or send us an email. We look forward to hearing from you soon.
No comments :
Labels:
Location: Temple, TX, USA

5 Reasons to Sell Your Home This Year


Should you sell your home in 2019? Absolutely, and here’s why.


Home prices have been on a meteoric rise for years, inventory is incredibly low, and the market continues to favor sellers. If you haven’t thought about it already, here are five reasons why you should sell your home this year: 1. When there is little inventory, there is little competition. If you list now, you may be the only listed home in your area, which means you’ll get much more attention. Inventory is beginning to increase, however, so you’ll see more competition over time. 2. In a seller’s market, you tend to make more of a profit. We’ve seen home values increase dramatically over the last few years. This is beginning to slow down, however, and waiting to sell doesn’t guarantee you’ll make more down the road.

Inventory is incredibly low, and the market continues to favor sellers.
3. There is a high demand for homes under $300,000. If you’re in the entry-level price point, you’ll enjoy a lot of attention from first-time homebuyers. The price range between $150,000 and $225,000 has a high demand for homes and a low inventory, allowing you to really capitalize on your sale. 4. Mortgage rates are low. We’re at a 12-month low of around 4.25%, and this contributes a lot to buyer demand. 5. There are a lot of millennials entering the market. People tend to buy their first home around the age of 30. Since many will reach this age within the next two years, it means there will be many new buyers in the market, which will push price and demand upward. If you’re ready to get your home on the market or wanting to learn more, feel free to reach out to me. I look forward to hearing from you soon.
No comments :
Labels:
Location: Temple, TX, USA
Subscribe to: Posts ( Atom )