Category: Home Buying Advice
Do I need a Mortgage Pre-Approval Letter?
Buying a Home is Tricky Business in today’s market. It’s no longer safe to assume that you have enough money to buy a home and will qualify for the payments. When it’s time to start thinking about that big purchase it’s best to do some research and reach out to a Mortgage Professional for advice and details. Let’s address 3 issues to help guide the average consumer through the process.
#1 Do you even need a pre-approval letter?
The answer … Read the rest
Read More3 Tips to Hire a Great Team, Not Just an Agent
You can and should have a fantastic experience when buying a home. There should be celebrations and possibly champagne involved, but it’s rarely (if ever) due to the work of a single individual. These results are produced by teams that work together in a defined system to produce better synergy, service, and speed. Here are 3 tips to help you find the right team.
#1 – When interviewing a real estate agent or loan officer, ask them who they … Read the rest
Read More3 Ways to Level the Home Buying Field
3 Ways to Level the Home Buying Field
Real Estate Agent
Use a flat fee service. Most real estate agents work off of an outdated model of commission based on a percentage of your home value. This is an archaic system that offers a clear bias towards high ticket sales. Your $333,000 home purchase might pay the agent $10,000 while the $500,000 purchase one neighborhood over might pay the agent $15,000. It’s the same type of … Read the rest
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Why Should You Get Pre-approved
If you are starting your home search, there are benefits to getting pre-approved for a mortgage that you might not realize. It may seem obvious that getting pre-approved will help you understand how much home you can afford, letting you know what price range to stick to, but there is more to it than that. Below we highlight some benefits you may not think about.
Identify Credit Issues
Getting pre-approved will help identify any potential issues with your credit that … Read the rest
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Navigating Today’s Real Estate Market
Homes for sale in DFW have hit a staggeringly low inventory level. If you’re thinking about selling your home, the intense demand for homes will drive your sales price.
On the other end of that, buyers are having a difficult time finding something in their desired timeline. If you are in a position at all to do temporary housing, you’re allowing yourself a stronger hand in this whirlwind market. Not only are you not in a panic to find something … Read the rest
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Making Competitive Offers
When you’ve found the home of your dreams, and you’re ready to make an offer, it can be tricky to set your price.
It’s crucial to do some investigating first.
The location of a listing makes a big difference, for example. Even though one neighborhood in a city experiences a drop in property value, another community in that same city could be a seller’s dream.
Home offers aren’t challenging to make, but they do require care and attention.
Keep reading … Read the rest
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Buying and Selling a Home Simultaneously
It’s not the easiest thing in the world to sell a home in today’s market. The thought of trying to buy a home at the same time is something that most people would never even consider. But, it’s not quite as difficult as it seems, especially if you keep a few tips in mind.
It’s not the easiest thing in the world to sell a home in today’s market. The thought of trying to buy a home at the same … Read the rest
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Saving for a Down Payment
Even though people recommend putting a 20% down payment on a new home, there are first time home buyers who put down as little as 3%.
That being said, there are significant benefits of being able to put down a good chunk of change.
Opting to put down a substantial amount upfront inevitably means better loan rates.
Plus, when you start saving for a down payment, it’s crucial to create a budget that sticks.
Are you saving for your … Read the rest
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