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An open house is a really powerful way to garner interest in your home. It can generate buzz and efficiently shows off your property to interested buyers. Make the most of it by making sure your home is in "show ready" condition. Here are some things you’ll likely need to do: Deep clean You’ll want to make sure the space is extra-clean. With lots of eyes on the home, this is your opportunity to garner attention, and you don’t want to lose potential buyers due to dust and dirt. They’ll want to see a well-kept, beautiful home. Stage it This can be as simple as decluttering and rearranging furniture advantageously, and as complex as renting all-new furniture. Remove pets You never know who’s allergic or will be turned off by a home due to pet hair or smells. In addition to removing pets, you should attempt to minimize any signs of them. Pet odors and hair can be just as bad as the real thing. Eliminate odors Before an open house, don’t cook any strongly-scented foods, and do your best to neutralize odors. That includes things like strong perfumes, room sprays, and candles. Your home should smell like nothing, ideally. Brighten up Open all the curtains and blinds, and turn on all the lights. Buyers want to be able to see your lovely home. Get out You are a wonderful person and people like you. But at an open house, buyers are less comfortable exploring and expressing opinions if the seller is present. After the Open House As your selling agent, I will receive feedback from buyers and their agents, which can help us better understand what buyers like and dislike about your home. Armed with this additional feedback, I will help you strategize about what to do next. In some cases, we will get offers immediately or may need to prepare for second showings. Want To Learn More? Are you interested in selling a home in 2020 or beyond? Let's talk today 704-941-0624!   We will discuss the current market, explain how to get pre-qualified for a mortgage,
and breakdown the steps to homeownership, & more! You do not want to miss this informative seminar, register now www.ezrealty120.eventbrite.com If you're doing research about buying a home, you will like see the terms "pre-approval" and "pre-qualification" everywhere. Although they sound similar, these are actually two different things! Here’s how you can tell distinguish them: What Does Pre-Qualified Mean? A quick “snapshot” that helps you know how much mortgage money you might qualify for. May require a credit check, depending on your state. Does not require documentation of your financial situation. Provided by a lender as a ballpark estimate. No cost involved and no commitment on either side. A good way to start figuring out how much home you can afford. Does not work as a signal that you are ready to purchase a home. What Does Pre-Approved Mean? Always requires a credit check. Verified financial history, including documentation. Should you choose to, you can get a mortgage for the amount and terms for which you are pre-approved. No commitment to receive a mortgage from the pre-approving company. A sign that you are very serious and ready to purchase a home. Learn More About Buying a Home Are you interested in buying a home in 2020 or beyond? Let's talk 704-941-0624  We will discuss the current market, explain how to get pre-qualified for a mortgage,
and breakdown the steps to homeownership, & more! You do not want to miss this informative seminar, register now www.ezrealty914.eventbrite.com Understanding Your Mortgage Most buyers need one, and there are a lot of options that vary greatly from lender to lender and from buyer to buyer. This means it's important to understand what you're looking for and talk to a lot of different lenders to ensure you're getting the best deal possible. Types of Mortgages There are four basic types of mortgages used by the majority of home buyers. 1) Conventional Mortgage: This is the standard loan used by buyers with good to excellent credit who make down payments of at least 10%. However, there are programs that offer options for lower down payments based on buyer credit and location. 2) FHA Mortgage: These loans often apply to buyers with lower credit scores, as they offer a down payment as low as 3.5% and lower interest rates. However, FHA mortgages do also require mortgage insurance premiums, which can result in higher overall costs. 3) VA Mortgage: All veterans and active military members qualify for VA loans. These offer up to 100% financing, simplified loan approvals, and lower interest rates. They can be much lower than conventional loans. 4) USDA Mortgage: These loans are available to buyers in rural or low-density areas and offer up to 100% financing and below-market interest rates. Their ideal buyers are of average means, have lower credit scores, and are buying modest homes. Additionally, because of the government's loose definition of the term "rural," some of the buyers in the smaller communities surrounding Raleigh will qualify for this loan. What Do Mortgages Include? There are four main components to a mortgage payment, often abbreviated as "PITI." Principal: This is the repayment of the initial amount you borrowed from your lender (in other words, the price of your home). Interest: This is a payment to the lender for the money borrowed (and is then added on to the initial price of your home). Taxes: Your annual city and county taxes assessed on your property are divided by the number of mortgage payments you make in a year and added into your mortgage. Insurance: Your monthly homeowner's insurance payment covers you against various hazards and is added to your mortgage payment. Going Loan Shopping and Understanding Your Options Before you decide on any particular loan or lender, it's important to do your research. That means meeting with AT LEAST two different lenders to ensure that you're getting the best rate possible. It's also important to understand two different types of interest rates offered by mortgage lenders. 1) Fixed-Rate Mortgage: The interest on an FRM will not change, so your monthly payments won't change, making them very predictable. 2) Adjustable-Rate Mortgage: The interest rate on an ARM will often be lower initially, but as interest rates do fluctuate with the market, they can be somewhat unpredictable or even result in higher payments. Still Have Questions? That is where I come in, buying your first home is no simple process, and although I have tried to provide as many important details about mortgages as possible, there's still so much more. Contact me today at 704-941-0624 for more information.  Q: Is this a good time to buy?
A: It really depends on how "you" define good. The best time to buy is when you find the “perfect house” and can afford it.  Q: What is the best type of a mortgage?
A: There are lots of mortgage options available which is a great thing. The key is to explore your options and decide what makes the most sense financially. Each mortgage has its own combination of pros/cons with loans ranging from 15 to 30 years, some have $0 down payment others between 3% and 20% of purchase price.  Q: I think I want a house what should I do now?
A: Before you start viewing homes or casually searching on the internet I suggest making a list of what your ideal home will be like. The list should include bedrooms, bathrooms, school district, commute times, etc. My hope is this list prevents you from getting overwhelmed once you see a house with a fireplace in the bedroom (which of course is a nice feature but not a necessity). Your Own Keys & Modern Solutions have partnered to provide 2 Tickets to the Hornets Game on Thursday March 21st at 7PM!! Rules to Enter to Win (Instagram Contest): (1) Must follow @yourownkeys (2) Must follow @modern_solutions (3) Like the photo & tag your friends for multiple entries The winner will be announced on Wednesday, March 20th @ 12pm noon and reached out to by DM. #yourownkeys #modernsolutions 🏀 Hornets Ticket Giveaway Results 🏀 Congrats to @laina_layne
Your Own Keys & Modern Solutions would like to thank everyone for participating in our 1st of many giveaways this year. |
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