Category Archives: Real Estate Tips

What To Include In Real Estate Contracts

If you are looking to make a real estate purchase soon, it is important to know what to pay attention to in your contracts. With a home purchase being one of the biggest investments that you may make in your life, it is crucial that these legal documents have you fully protected. Here is a closer look at those details. Contract Basics All contracts should clearly list some basic information about the parties involved. The property address, contact information for buyer and seller along with government issued ID numbers for each party. Of course the agreed upon sale price, earnest monies paid and important dates should all be recorded. Terms and Conditions The main part of the contract should address Read More »

7 Habits of Successful Homebuyers

Today’s real estate market is ever changing. The process of buying a home in the past few years is not quite like it is today. While inventory is a little better than it was, rates are higher now which makes for a different set of challenges. Today’s homebuyer finds success when adhering to a particular mindset. Here are some pointers of what can be helpful.  Persistence The real estate market may be cooling slightly, but there still are pockets of neighborhoods or properties that are still hot. That means there could still be some bidding wars happening. Buyers who remain persistent will find themselves being the winning bidder. Emotional strength Buying a home can be a very exciting time as Read More »

How Much Do You Need For a Down Payment?

If you are planning on buying a home in the near future, you are probably focusing on saving as much as you can for all that is involved. One of the largest things at the top of your list is probably the down payment. While 20% is often the number thrown around, don’t let that scare you or prohibit you from making your move.  20% Is Not The Norm According to Freddie Mac, “. . . nearly a third of prospective homebuyers think they need a down payment of 20% or more to buy a home. This myth remains one of the largest perceived barriers to achieving homeownership.” Unless outlined by your lender or loan type, it is not required Read More »

5 Tips For Choosing a Home That Will Save Energy

These days with inflation and rising costs from the gas pump to the grocery store everyone is looking for ways to save a little money. For those looking to buy a new home, energy savings is more than likely something that homebuyers will have a regard for. So with that being said there are some things to keep in mind for when you start looking for your new home.  Commute Your commute is not probably the first thing that you are thinking about when looking for your next home, but it should be close to the top of your list. Nobody wants to spend a considerable part of their life behind the wheel getting to and from work, but with Read More »

Solar Panels Can Add Value To Your Home

When most people think about solar panels they may think they are too expensive or it is too involved to add to their home. However, solar panel options have come a long way and they can benefit you in a few ways. Here are some ways that they can add value to your property. Lowers Electric Bill Although solar panels won’t completely eliminate your electric bill, they can significantly lower it. Especially for those homes that rely on 100% electricity to power their homes from lighting to heating/cooling, it can be a great option with the savings. Can Add Curb Appeal Depending on your home’s style, solar panels can add a sleek and modern look. There are also different styles Read More »

Self Employed Buyer Facts to Know

You may be aware that buying a home if you are self-employed may be a bit more challenging. A self-employed person will have to jump through a few more hoops than someone that is a W-2 employee as you validate income and work history but it is all worth it in the end. Here is a closer look at what is required.  Mortgage qualification Everyone who buys a home that needs a loan will have to go through a mortgage qualification process. These lenders will look at your debt-to-income ratios along with your credit to assess your overall financial profile. However, those who are self-employed tend to have more fluctuating incomes so there typically will be more questions or documentation Read More »