Category: Buyer Tips
Pros & Cons of Living in an HOA Community
If you are a first-time home buyer, you may be wondering whether living in an HOA community is a good option for you. An HOA, or homeowners association, is an organization that sets and enforces rules and standards for a neighborhood. Communities with HOAs can offer many benefits. These benefits can include: amenities, maintenance, security,... Read More
VA Loan Assumption
Let’s discuss a strategy buyers and sellers are using to avoid the current higher interest rates… VA Loan Assumptions. A VA loan “assumption” is when a borrower takes over an existing mortgage, and it’s possible even if the buyer isn’t a military service member, veteran, or eligible surviving spouse. That means a buyer might be... Read More
Temperate of the Market
Today I have our Sales Manager, Meagan Nungester, here with me to talk about the Temperature of the Market from both a Buyer & Seller’s perspective! Shannon: Thanks for being here, Meagan. Meagan: Yeah, super excited! Shannon: Just so all of our viewers know, Meagan is over our agent team and our sales division, so... Read More
What will the housing market look like this summer?
2023 has been an unpredictable year in the housing market. After the upheaval of the pandemic and the low interest rates we saw over the last two years, it seemed like a return to normal was coming this year. And one of the ways the market was going to get back to normal was that... Read More
Why You Need An Appraisal!
Why do you need an appraisal, and what happens if that appraisal comes in low? For sale purposes, if you are getting a loan on a home, the bank is going to require an appraisal on that home. The purpose of this appraisal, is to be sure that the price that you are paying for... Read More
Should You Use Your Current Bank for Your Mortgage?
Today I want to talk about if you should use your current bank that you have your savings or checking with for your mortgage. When looking to purchase a home, one of the most important decisions is how to finance it. One option is to use your current bank for a mortgage. But is it... Read More
Let’s Talk Interest Rates & Pre-approval!
Today I have my favorite mortgage company here with me, Motto Mortgage Simplified, and we are going to discuss the first thing you should do if you’re thinking about buying, and what the interest rates are currently doing. The main reason I love Motto Mortgage Simplified is because they are local. If you have a... Read More
4 Common Contingencies Found in a Real Estate Contract
When buying a home, you should be aware of something called a contingency. A contingency clause means that certain requirements must be met in order for the contract to be binding, and if those terms aren’t met, then the contract could end. Contingencies are included in your real estate contract. Let’s discuss these possible contingencies: ... Read More
Home Owner Benefits
Today I want to share with you 4 benefits that come along with owning a home. First and most important, financial stability. Yes it is true that buying a home comes with a lot of upfront expenses, such as the down payment, closing costs, and ongoing maintenance costs; but with a fixed-rate loan the homeownership... Read More