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  • What to Know About Buying in 2024

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    What to Know About Buying in 2024 Email

    That Marketing Blueprint: January

    H.O.M.E.S. Marketing: Email

    What to Know About Buying  in the Real Estate Market in 2024

    In the dynamic landscape of real estate in 2024, potential homebuyers are faced with a myriad of considerations—from soaring rental rates to fluctuating interest rates. If you are thinking of buying this year, here are some things you need to know!

    1. Renting vs. Buying: It’s a Personal Decision

    There’s an ongoing debate about whether it’s better to rent or buy in the current market conditions. Despite high-interest rates, renting might not be the cost-effective option it once was. Rental rates are soaring and are expected to continue rising. For those with the financial capacity—downpayment, good credit score, and means to buy—it may be more beneficial to invest in homeownership. With renting, you’re essentially paying someone else’s mortgage.

    2) “Marry the House. Date the Rate.”

    The resurgence of this real estate mantra emphasizes the importance of prioritizing the property over the interest rate. While interest rates are expected to decrease in 2024, securing your dream home should be the primary focus. Additionally, the flexibility of refinancing in the future allows homeowners to adjust their interest rates as market conditions change.

    3) Pre-Approval: Your Key to Informed Decisions

    Higher interest rates mean reduced buying power. Therefore, obtaining a pre-approval before embarking on your home search is crucial. Knowing your financial limits will guide you in making informed decisions and ensure you don’t waste time exploring properties that are beyond your means.

    4) Negotiation Power in a Slower Market

    The market slowdown due to higher interest rates has created a unique advantage for buyers—increased negotiating power. In 2024, buyers have the opportunity to implement strategies like negotiating a lower purchase price, requesting closing credits, and addressing inspection-related items. Seize this moment to make the most of your investment.

    5) The Indispensable Role of a Real Estate Agent

    Regardless of market conditions, hiring a real estate agent remains a critical step in the home-buying process. A skilled agent brings expertise, market knowledge, and negotiation skills to the table. In a market where strategic decision-making is key, having a professional advocate on your side can make a significant difference.

    As you embark on your homebuying journey in 2024, remember that knowledge is your greatest ally. If you find yourself contemplating the prospect of homeownership this year, I’m here to guide you through the process. Whether it’s clarifying your financial standing, strategizing negotiations, or simply providing expert advice, don’t hesitate to reach out. Your dream home awaits, and I’m here to ensure your path to it is both smooth and rewarding. Call me today, and let’s make your homeownership aspirations a reality.

  • Considering Selling? 3 Reasons to Work with Me Email

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    Considering Selling? 3 Reasons to Work with Me Email

    That Marketing Blueprint: August

    H.O.M.E.S. Marketing: Email

    Considering Selling? 3 Reasons to Work with Me

    Selling a home can be an overwhelming and stressful process. From setting the right price to staging and marketing, there are many factors to consider to ensure that you get the best possible value for your property. That’s why it’s important to work with a real estate agent who has the experience and expertise to guide you through the process and help you achieve your goals – just like me!

    If you’re considering selling your home, here are three reasons listing with me is just a smart decision.

    1. Market Knowledge

    One of the key advantages of working with a real estate agent is their in-depth knowledge of the local market. As an experienced agent, I can provide you with a detailed analysis of current market conditions, including recent sales trends, average prices, and the overall demand for homes in your area. This information can help you set a realistic asking price for your home and ensure that you receive a competitive offer.

    In addition to providing you with market data, I can also help you navigate the complex legal and financial aspects of selling a home. From preparing the necessary documents to negotiating with potential buyers, I can guide you through every step of the process and ensure that you’re fully informed and prepared at every stage.

    1. Negotiation Skills

    Negotiating the sale of a home goes beyond just the sale price and can be a delicate and complex process. That’s why it’s important to work with an agent who has strong negotiation skills and can advocate for your interests.

    As your agent, I have the experience and expertise to anticipate potential issues and resolve them before they become a problem, which can save you time, money, and headaches in the long run.

    1. Marketing to Get You the Most for Your Home
    2.  

    In today’s competitive real estate market, it’s not enough to simply list your home and hope for the best. Effective marketing is essential to attract potential buyers and generate interest in your property.

    I have developed a comprehensive marketing strategy for my clients to help reach the widest possible audience of potential buyers. From professional photography and virtual tours to targeted advertising and open houses, I can leverage a range of marketing tools and techniques to help you sell your home quickly and for the best possible price.

    If you’re considering selling your home, working with me means you are partnering with the expertise, support, and resources you need to achieve your goals. With my market knowledge, negotiation skills, and marketing expertise, I can help you navigate the complex process of selling a home and ensure that you receive the best possible price for your property. Contact me today to learn more about how I can help you sell your home with confidence and ease.

  • Beat the Heat – Save $$$ Even with High Rates Email

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    Beat the Heat - Save $$$ Even with High Rates

    That Marketing Blueprint: July

    H.O.M.E.S. Marketing: Email

    Beat the Heat: Learn How to Save Money on Your New Home Even when Rates are High

    Buying a new home can be an exciting and overwhelming experience, especially when mortgage rates are high. However, there are ways to save money on your new home purchase even in a high-rate environment.

    1. Shop around for the best mortgage rate

    When it comes to buying a new home, the mortgage rate is one of the most important factors that can affect your monthly payments. It’s crucial to shop around and compare rates from different lenders to ensure that you are getting the best deal possible. Even a small difference in interest rates can translate into significant savings over the life of the loan.

    1. Consider rate buydowns

    A rate buydown is a strategy that can help you save money on your mortgage payments. It involves paying an upfront fee to the lender in exchange for a lower interest rate for a certain period, usually the first few years of the loan.

    For example, let’s say the current interest rate on a 30-year fixed-rate mortgage is 4.5%. With a rate buydown, you could pay an upfront fee to lower the interest rate to 4.0% for the first three years of the loan. This would result in lower monthly payments during that period, which could help you save money.

    1. Increase your down payment

    Another way to save money on your new home purchase is to increase your down payment. A larger down payment means you’ll need to borrow less money, which could result in a lower interest rate and lower monthly payments.

    Additionally, if you put down at least 20% of the purchase price, you can avoid paying private mortgage insurance (PMI), which is an extra monthly cost that lenders require when you have less than 20% equity in the home.

    1. Consider a shorter loan term

    While a 30-year fixed-rate mortgage is the most popular option, it’s not always the best choice for everyone. Consider a shorter loan term, such as a 15-year or 20-year fixed-rate mortgage. These loans typically have lower interest rates and can save you thousands of dollars in interest over the life of the loan.

    1. Improve your credit score

    Your credit score plays a significant role in determining the interest rate you’ll receive on your mortgage. By improving your credit score, you can potentially qualify for a lower interest rate, which can result in significant savings over the life of the loan.

    Some ways to improve your credit score include paying your bills on time, keeping your credit card balances low, and disputing any errors on your credit report.

    Regardless of current interest rates, you can still save money and start building equity on your new home purchase. If you don’t know where to start, just give me a call, and I would be happy to help!

  • 6 Steps to Becoming a Homeowner This Summer Email

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    6 Steps to Becoming a Homeowner This Summer Email

    That Marketing Blueprint: May

    H.O.M.E.S. Marketing: Email

    6 Steps to Becoming a Homeowner this Summer

    Are you dreaming of becoming a homeowner this summer? With the market shifting, it’s a good time to buy, but it’s important to know the process and plan ahead. Here are 6 steps you can take to make sure you’re ready to purchase a home this summer.

    Know your credit score. Having a good credit score is an important of purchasing a home because it shows lenders that you’re trustworthy and have a history of paying your bills on time. To start, find out what your credit score is and what you need to do to improve it if necessary. Pay off any outstanding debts, and make sure all of your bills are paid on time. Then you can start saving for a down payment.

    Save up for your downpayment. In order to purchase a home, unless you are a veteran or receive assistance, you will need to put down a downpayment when you buy. A good rule of thumb is to save at least 3-5% of the purchase price of the home you’re interested in, plus, funds for closing costs and future maintenance.

    Talk with a lender. It’s always a good idea to talk to a lender before you start seriously looking to purchase a home. Doing so can help you determine what type of loan you qualify for, how much you can afford to spend, and what your estimated monthly payments and interest rate could look like. Taking the time to discuss your options with a lender can help you make an informed decision about the home you want to buy, and can also help you determine if you need to make any changes to your budget or finances before making a purchase. 

    Find a real estate agent. A real estate agent is a key player in helping you find the right home and guiding you through the home-buying process. Look for realtors that have solid track records and positive reviews. Ask your friends and family for recommendations, and look online to see what others are saying about potential realtors. Before you make a decision, it’s important to meet with the realtor and have a conversation. Make sure the realtor you choose is someone you trust and get along with.

    Understand the market. The real estate market fluctuates all the time, and it is key to understand the market before you start shopping. Talk with your real estate agent about what to expect in this particular season so you are prepared when you step into the buying ring.

    Make a list. Create a list of must-haves and prioritize your needs. Know exactly what you need will help you narrow down your options as you begin your search. It will also help you make more informed decisions when you get caught up in the emotions of the buying process.

    Following these steps can help make sure you’re ready to become a homeowner this summer. And don’t forget to call me when you are ready!

     

  • 5 Renovations that Bring a Value Increase Email

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    5 Renovations that Bring a Value Increase Email

    That Marketing Blueprint: April

    H.O.M.E.S. Marketing: Email

    April Showers Bring May Flowers – 5 Renovations that Bring a Value Increase

    Are you looking to add value to your home this spring? Renovations are a great way to increase the value of your property, as well as make your home more enjoyable to live in. While you may be leery of putting more money into your home if you are considering selling, these value increases make your home more attractive to buyers in the market. This could mean a quicker sale for a higher dollar amount which is important in this shifting market. Here are 5 renovations that can help add value to your home.

    Creating an Outdoor Living Space

    • Average cost in 2022: $3,369
    • Average resale value in 2022: $3,563
    • Cost recouped: 109%*

    If you have an outdoor area, consider transforming it into a comfortable living space. Add a deck, patio, or pergola and add some outdoor furniture and plants to make it a relaxing and inviting area for you and potential buyers.

    Garage Door Replacement 

    • Average cost in 2022: $4,041
    • Average resale value in 2022: $3,769
    • Cost recouped: 93.3%**

    Replacing your old and worn-out garage door with a newer, sturdier one can not only add to the aesthetics of your home but also increases your home’s value. Upgrading to a higher-end garage door will help you get more for your home when you decide to sell. 

    Adding Stone Veneer 

    • Average cost in 2022: $11,066
    • Average resale value in 2022: $10,109
    • Cost recouped: 91.4%**

    Adding stone veneer to the exterior of your home brings a touch of elegance that can increase the overall value of your home. It’s an affordable way to make your home stand out from the rest and will make potential buyers more interested. 

    Minor Kitchen Remodel 

    • Average cost in 2022: $28,279
    • Average resale value in 2022: $20,125
    • Cost recouped: 71.2% **

    Kitchen remodels are always a great way to increase your home’s value because they are the heart of a home. You don’t have to break the bank to give your kitchen a makeover. Simple changes like replacing outdated appliances, painting the cabinets, and installing new countertops can make a big difference in the look and feel of your kitchen. 

    New Windows

    • Average cost in 2022: $20,482
    • Average resale value in 2022: $13,822
    • Cost recouped: 67.5%**

    Old, drafty windows can be a huge turn-off to buyers. Installing new windows will not only improve the look and feel of your home but also make it more energy efficient. This can help save you money on your energy bills and can help make your home more valuable when you decide to sell. 

    By investing in these renovations, you can make your home more valuable and desirable to potential buyers.

    *According to a HomeLight survey of top agents

    **According to the 2022 Cost vs. Value report 

  • Is Buying Better than Renting Right Now? Email

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    Is Buying Better than Renting Right Now? Email

    That Marketing Blueprint: March

    H.O.M.E.S. Marketing: Email

    Is Buying Really Better than Renting Right Now?

    It’s a question many people are asking in today’s market: is it better to buy or rent? Homes prices and interest rates are high when it comes to purchasing a home, but rental rates are skyrocketing. Should you wait until the prices come down to buy?

    Ultimately, it can still be cheaper to buy than to rent, which is driving the real estate market. Until that changes, there is a huge advantage to buying. However, the decision comes down to individual circumstances and what makes the most sense for you and your family. That said, there are some factors to consider that may help you make the best decision for your current situation.

    First, consider the costs associated with purchasing a home versus renting an apartment or condo. While buying a home typically requires a larger upfront investment, the costs associated with renting can add up over time, especially as rental rates continue to increase. In addition, when you buy a home, you are building equity which you can use in the future if needed.

    Second, consider the stability of each option. Even though rental rates increases are slowly starting to decelerate, rent is at an all time high. When you rent, you have little control over the cost of your rental from term to term, making it difficult to plan for the future. If you buy a home, you have the security of knowing you can stay in it as long as you want, provided you can make the payments.

    Finally, regardless of the financial implications, you do need to consider the lifestyle you want. Do you prefer the flexibility of renting or the feeling of owning your own home? It’s important to consider what kind of lifestyle you want and what will make you comfortable.

    Ultimately, the answer to the question of whether it’s better to buy or rent depends on your individual situation. Weighing these factors can help you make an informed decision and determine the best path for you and your family.

    If you are curious about whether or not buying might be the right move for you, give me a call. I would be happy to help you!

  • 5 Tips to Prepping Your Home for a Successful Sale Email

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    5 Tips to Prep Your Home for a Successful Sale Email

    That Marketing Blueprint: February

    H.O.M.E.S. Marketing: Email

    Top 5 Tips for Preparing Your Home for a Successful Sale

    Meet with Your Agent.

    It should come as no surprise that this is the first thing recommended if you are thinking of selling. Sit down with your agent and discuss what they believe your home can sell for, repairs that may need to be taken care of before listing, and the timeline for getting your home sold.

    Know Your Bottom Line.

    While you are sitting down with your agent, ask them to prepare a net sheet for you. This will give you an idea of what you will be walking away with after selling your home. It is important to know these numbers and your bottom line upfront so that you can make more confident and educated decisions throughout the process.

    Tackle Maintenance.

    Unless they are looking for a property to invest into, most buyers are looking for homes without problems. In fact, avoiding plumbing, electrical, and other maintenance problems is the number one reason those that buy new construction do so, and buyers, in my experience, tend to overestimate the cost of such maintenance issues. It also causes them to look at the home with even more of a magnifying glass thinking, “If they overlooked taking care of this, what else did they miss?”

    Have you neglected to change out any filters? Have a leak you’ve been putting off? Have caulk that is in dire need of a refresh? Take a weekend before you list your house and tackle some of these issues.

    De-Clutter Your Home.

    Once those maintenance projects are handle, now it is time to declutter. Begin by removing about 50% of the clothes and other items from your closets. You’ll have to pack them sooner or later! Next pack up anything laying around the house that isn’t decor, such as larger toys, excessive dog toys, the beanbag chairs the kids love to drag out, etc. Finally, clear off those countertops. If it isn’t for decoration, hide it under the sink or in the pantry.

    Deep Clean.

    Before the photographer and showings start coming through, give your house a good deep clean. I’m talking dust those hidden shelves you never get, mop behind the toilet, and get those floors shining. A clean house will instantly elevate you above the crowd.

  • 3 Ways to Save for a Downpayment Email

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    3 Ways to Save for Your Downpayment Email

    That Marketing Blueprint: January

    H.O.M.E.S. Marketing: Email

    3 Ways to Help Save Up Money this year for your Downpayment

    If buying a home is on your list of New Year’s resolutions, it is time to start thinking of saving up for that downpayment. The good news is there are loan options that allow for as low as a 3% downpayment, but typically the more money you put down, the better your loan product and rate. You can start saving up for your downpayment this month with these three tips. 

    Make a budget. Start by tracking all of your spending for at least a month. This will help you get an idea of where your money is going and where you can cut back. Once you have an idea of where you can cut back, make a budget of your fixed and variable expenses. This will help you plan for savings and make sure you stay within your budget. 

    Open a high-interest savings account. Look for a bank that offers a high-interest savings account and transfer your savings into it. With a high-interest savings account, you can earn more money on your savings and grow your down payment more quickly. 

    Automate your savings. Set up automatic transfers from your checking account to your savings account. This will ensure that you are regularly saving money each month, and it will make it easier to reach your down payment goal.

  • Home for the Holidays Email

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    Home for the Holidays Email

    That Marketing Blueprint: December

    H.O.M.E.S. Marketing: Email

    Home for the Holidays: Why the Holidays Can Still Be a Great Time to Buy or Sell

    Most think of spring as the “selling season” when it come to real estate, but the holiday season can be a great time to buy or sell a home. It’s a time when people are often looking to make a change, whether it’s to start fresh in a new home or to downsize and simplify their lives. Plus, there are many advantages for buyers and sellers alike.

    1. Emotions run high during the holiday season.

    During the holiday season, emotions run high. People are thinking about family, traditions, and the memories they’ve created in their homes. This can make it an ideal time for buyers to find a home that really resonates with them. As a seller, you can use this time and capitalize on emotion by showcasing your home with a warm and welcoming feel.

    1. The holiday season can be a slow time for real estate.

    While the holiday season can be a slow time for real estate, it can also work to your advantage as a buyer or seller. With fewer homes on the market, you have less competition as both a buyer and seller, which could result in a better deal for buyers and a quicker sale for sellers.

    1. It’s a time when people have time off work

    The holiday season is also a time when many people have time off work, making it an ideal time for them to schedule home viewings, meet with lenders, and take care of other real estate-related tasks. As your real estate agent, I can make myself available during this time to accommodate your schedule and help you achieve your real estate goals before the end of the year.

    4. Tax benefits for closing before the end of the year.

    Closing on a home before December 31 can provide tax benefits for buyers and sellers. For example, if you purchase a home before the end of the year, you may be able to deduct your mortgage interest and property taxes on your tax return. 

    Ultimately, the right season to buy or sell is when you are ready for it. If that means during the holiday season, I’ll be here to help guide you every step of the way!

  • If You’re Planning to Buy Next Year Email

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    If You're Planning on Buying Next Year Email

    That Marketing Blueprint: November

    H.O.M.E.S. Marketing: Email

    5 Things to Do Now if you plan on Buying Next Year

    If you’re planning on buying a home next year, now is the perfect time to start preparing. By taking the right steps now, you can put yourself in a better position to find the perfect home and secure financing when the time comes. Here are five things you should do if you plan on buying next year:

    1. Check Your Credit Score

    Your credit score plays a critical role in your ability to secure financing for a home purchase. Before you start looking at homes, check your credit score and report. If your score is low, take steps to improve it. This could include paying off outstanding debts, disputing errors on your report, or even seeking professional credit counseling.

    1. Save for a Down Payment

    While it’s possible to get financing with a small down payment, having more money upfront can give you a better interest rate and lower your monthly mortgage payments. Start saving for a down payment as early as possible. Set a goal and create a budget to help you save enough money.

    1. Make a list of needs and wants. 

    Before you start looking at homes, make a list of the features you absolutely need in a home (e.g. number of bedrooms, location, yard) and the features you would like to have but aren’t essential (e.g. a swimming pool, a large garage, a fireplace). This can help you prioritize your search and ensure that you find a home that meets your needs without overspending on unnecessary features.

    1. Find a Real Estate Agent

    A good real estate agent can be a valuable asset when buying a home. They can help you find properties that meet your needs and budget, negotiate with sellers, and guide you through the entire buying process. Start looking for an agent now so you have time to find the right fit.

    1. Talk with a Lender 

    Talking with a lender before you start looking at homes can give you a better idea of how much house you can afford and what your financing options are. A lender can help you understand the different types of mortgages available, as well as their requirements and benefits. They can also give you an estimate of how much you could be approved for based on your income, credit score, and other factors. By talking with a lender early on, you can avoid falling in love with a home that is outside of your budget, and can also make a stronger offer when you do find the right home.

    Regardless of your timeline, if you plan on buying a home next year, it’s important to start preparing now. By preparing now, you can put yourself in a better position to find and buy your dream home when it is time to start your search.

  • Spooky Savings on Your Home Email

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    Spooky Savings on Your Home Email

    That Marketing Blueprint: October

    H.O.M.E.S. Marketing: Email

    Spooky Savings on Your Dream Home

    Buying a dream home is a huge investment, but it doesn’t have to be scary. With home prices remaining high and interest rates increasing, it’s important to find ways to save money. Let’s talk about a few ways you can save on your dream home without sacrificing the features you want.

    1. Use Rate Buy downs

    One effective way to save money on your dream home is to use a rate buy down. This involves paying an upfront fee to reduce your interest rate for the first few years of your mortgage. For example, you might pay an extra 1% of the loan amount to reduce your interest rate by 0.25% for the first two years of your mortgage.

    With the market balancing and buyers having a little more negotiating power, consider asking for a seller credit at closing to help pay for your rate buy down. This keeps more money in your pocket while helping reduce your interest rate.

    1. Shop Around for Homeowners Insurance

    Another way to save money on your dream home is to shop around for homeowners insurance. Rates can vary widely between providers, so it’s important to get quotes from several companies before making a decision. Look for policies that provide the coverage you need at a price you can afford.

    You may also be able to save money by bundling your homeowners insurance with other types of insurance, such as auto or life insurance. Some companies offer discounts for customers who have multiple policies with them.

    1. Consider a Fixer-Upper

    If you’re willing to put in a little sweat equity, buying a fixer-upper can be a great way to save money on your dream home. These properties are often priced lower than move-in ready homes, and you can customize them to your exact specifications over time, building it into your dream home.

    Of course, buying a fixer-upper comes with its own set of challenges. You’ll need to have a clear vision of what you want to accomplish and be willing to put in the time and effort to make it happen. It’s also important to have a thorough home inspection before making an offer, so you know what you’re getting into.

    Regardless of the market, there are always ways to find your dream home at a price you can afford. Remember to work with a reputable lender and real estate agent who can help guide you through the process and ensure a successful outcome. If you ready to start the conversation, give me a call! I’d love to help find you your dream home!

  • Cozy Staging Ideas Email

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    5 Cozy Staging Ideas Email

    That Marketing Blueprint: September

    H.O.M.E.S. Marketing: Email

     

    5 Staging Ideas to Make Your Home Cozier

    As the leaves start to change and the air becomes crisp, it’s time to prepare your home for the fall season. Whether you are getting ready to sell your home or just want to make it the perfect place to relax and unwind, fall is the perfect time to create a cozy atmosphere in your home. By adding a few simple staging elements, you can transform your home into a warm and inviting space that’s perfect for the season. 

    1. Bring in Warm Textures

    One of the best ways to create a cozy atmosphere in your home is to add warm textures. This could include anything from a soft throw blanket to a plush area rug. Look for materials like wool, flannel, and faux fur to add warmth and texture to your space. You can also incorporate natural elements like wood and stone to add an earthy, rustic feel.

    1. Use Warm Lighting

    Lighting can make a big difference in the way a room feels. In the fall, it’s all about creating a warm, cozy glow. Consider using warm, soft lighting instead of harsh overhead lights. You can use table lamps, floor lamps, and even under the counter lighting to create a cozy ambiance. And don’t forget about candles! They not only provide a warm glow but also add a lovely scent to your home.

    1. Add Seasonal Decorations

    Fall is a great time to bring in seasonal decorations to your home. Think pumpkins, gourds, and other fall-inspired decor. You can also incorporate fall foliage by bringing in branches, leaves, and other natural elements. Adding seasonal decor not only makes your home feel cozier but also adds a touch of personality and style. But if you are selling, be careful to keep the decor as neutral as possible.

    1. Create Cozy Nooks

    Creating cozy nooks throughout your home is a great way to make it feel more inviting. This could include a reading corner with a comfortable chair and a bookshelf or a window seat with plush cushions and warm blankets. These little nooks provide the perfect place to curl up with a book or a cup of tea and enjoy the season.

    1. Add Warm Scents

    Finally, don’t forget about scent! Adding warm, inviting scents to your home is an easy way to make it feel cozier. Consider using essential oils, candles, or simmering pots to create a warm and inviting atmosphere. Scents like cinnamon, vanilla, and pumpkin spice are perfect for fall and will make your home smell amazing, but if you are selling make sure they aren’t overwhelming.

    By incorporating these staging elements into your home, you can create a warm and inviting space that’s perfect for the fall season. Happy staging!

  • 3 Ways to Help Save Up Money this Year for Your Downpayment

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    If buying a home is on your list of New Year’s resolutions, it is time to start thinking of saving up for that downpayment. The good news is there are loan options that allow for as low as a 3% downpayment, but typically the more money you put down, the better your loan product and rate. You can start saving up for your downpayment this month with these three tips. 

    Make a budget. Start by tracking all of your spending for at least a month. This will help you get an idea of where your money is going and where you can cut back. Once you have an idea of where you can cut back, make a budget of your fixed and variable expenses. This will help you plan for savings and make sure you stay within your budget. 

    Open a high-interest savings account. Look for a bank that offers a high-interest savings account and transfer your savings into it. With a high-interest savings account, you can earn more money on your savings and grow your down payment more quickly. 

    Automate your savings. Set up automatic transfers from your checking account to your savings account. This will ensure that you are regularly saving money each month, and it will make it easier to reach your down payment goal.

  • Week Eight – What to Expect Once Under Contract

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    Once you are under contract, all parties will begin working through the due diligence period and contingencies on the contract. 

    During this time, the buyer will most likely order an inspection on the home to ensure there are no major issues. These inspections can include but are not limited to: a general inspection, radon inspection, sewer scope, mold inspection, roof inspection, structural engineer, etc. A general inspection typically takes a few hours, so plan on being away during this time. 

    Many times, after the inspection, issues will arise that result in another round of negotiations. The buyer may request that you do some repair work or ask for a credit in lieu of repair work. Each inspection and buyer is different, but your agent will be there with sound advice, creative suggestions, and negotiation skills to help you through.

    The lender will also most likely order an appraise to ensure the value. The Lender does not want to be lending more money than the home is worth, so an appraisal is ordered to determine the market value of the home by an independent third-party. 

    During this time, the title company will perform a title search. A Title Company will search all records of the home to verify that the title is indeed transferrable and all liens and loans on the home are paid off during closing ensuring the buyer has no future issues. If you have a loan on your home, the title company will also ask for you to provide them with some information so they can order the payoff letter for your loan, which will be paid at closing.  

    Once all these have been completed and the buyer’s loan has been approved through underwriting, it will be time for you to head to the closing table! 

    Prior to closing, make sure that you have all your moving plans in place. When the buyer takes possession of the home, you should be completely moved out and the home left in a cleanly condition. Call your utilities companies and make sure they are aware of the move and transfer everything out of your name effective on the day of possession. 

    Once the loan is fully approved and the transaction fully funded, you have sold your home. The title company will record the real estate documents with the tax county for you, and the buyers will be able to move in as agreed upon in the contract. Congratulations!!! 

  • Week Seven – The Offer

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    Of course, as a seller, you want to get the most money out of your home when you sell it as possible. But there is a lot more to offers that just the dollar amount. 

    It is important to review ALL aspects of an offer before signing it, regardless of whether you have just one on the table or ten. 

    So let’s talk about some other key components you should be reviewing in your offers.

    • ✔️ Reputable Lender. A offer well over asking may be amazing, but if the lender can get that loan to the closing table, then it is all for naught. Make sure the lender has a good reputation and can get the deal done within the specified time.
    • ✔️ Closing Date. Does this date fit your needs? Is it too lengthy? Not far enough out? 
    • ✔️ Reasonable Dates. Beyond just the closing date, you want to make sure the other dates are are reasonably short. Why, you may ask? If the buyer asks for an exceptional long inspection period and then decides at the final hour that the home inspection does not meet their expectations then you have wasted an awfully long amount of time off the market. You want to get it back on the market quickly if there is an issue.
    • ✔️ Contingencies. Does the buyer have to sell a home prior to purchasing yours? Any contingency like this puts an extra layer of risk in the deal. It happens quite often, but be aware.
    • ✔️ Concessions. Sometimes the buyer will ask for the seller to pay concessions at closing towards their closing costs. This will affect your bottom line.