Monday, April 17, 2023 / by Dave Magua
Buying or selling a property can be both an exciting and daunting task. Whether you're a seller preparing your home for the market or a buyer looking for your dream home, it's important to know the value difference between a property that is well-prepared for sale and one that isn't.
Let's start by defining what we mean by a property that is not prepared for the market. This is a property that has not been staged, cleaned, decluttered, or renovated to appeal to potential buyers. It may also have outdated fixtures or appliances and noticeable wear and tear that has not been addressed. On the other hand, a well-prepared property has been carefully prepared for sale, with upgrades, renovations, and a professional staging to attract potential buyers.
The price value difference between these two types of properties can be significant. A property that is not prepared for the market is likely to receive fewer offers and may sit on the market for a longer period of time. Buyers may see t! ...
Sunday, April 16, 2023 / by Dave Magua
Purchasing a home is a significant financial decision that requires careful planning and preparation. One of the essential factors to consider when applying for a mortgage is your credit score. Your credit score affects the interest rates you're offered, the amount you can borrow, and whether you qualify for a loan at all. If your credit score is lower than you'd like, don't worry. Here are ten tips that can help improve your credit score and put you on the path to homeownership.
Check Your Credit Report for Errors
The first step to improving your credit score is to check your credit report for errors. You're entitled to a free credit report from each of the three credit reporting agencies once a year. Review your report and dispute any errors that you find.
Pay Bills on Time
Payment history is the most significant factor in your credit score, so it's essential to pay your bills on time. Set up automatic payments or reminders to help you stay on top of your bills.
Keep B. ...
Friday, April 14, 2023 / by Dave Magua
Considering a home purchase, but hesitant due to high prices and interest rates? As the spring homebuying season begins, it's natural to question whether it's a good time to buy. However, recent market trends suggest that now may be a favorable time to jump into the housing market.
According to a recent report, national mortgage rates have dropped from 7.37% in October to 6.2% in January 2023. Home prices have also decreased by 2.5% from their peak in spring 2022, and 42% of home sellers are now offering concessions to attract buyers. Additionally, the job market has improved, with an unexpected 223,000 new jobs added and a national unemployment rate of 3.5% in January 2023.
While these shifts may seem small, they have boosted buyer confidence in the housing market. Buyers believe that home prices will continue to fall through Q3-2023 and that mortgage rates will also decrease, despite the Federal Reserve's efforts to control inflation by raising interest rates.
To get a bette. ...
Thursday, April 13, 2023 / by Dave Magua
Are you looking to spruce up your home without breaking the bank? Consider making small improvements that can have a big impact!
First, focus on boosting your curb appeal. The front entrance of your home is crucial for making a great first impression. For a quick upgrade, give your front door a fresh coat of paint in a trendy color. Some other options include, adding a new welcome mat, a stylish framed house number, a freshly painted mailbox, and some planters filled fresh greenery and colorful flowers.
Next, turn your attention to your floors. Regular foot traffic and spills can make wood and carpeted floors look dull and dirty. To revive your hardwood floors, polish them once a year or before putting your home on the market. For carpets, weekly vacuuming can remove surface dirt, but for a deeper clean, consider hiring professionals to remove stains, pet odors, allergens, dust mites, and deeply embedded dirt. Not only will your floors look and smell new, but they'll also last lo. ...
Wednesday, March 29, 2023 / by Dave Magua
Day of Closing
1. The buyer will walk through the property to make sure that everything is in the condition agreed upon in the sales contract, and that any required repairs have been made.
2. Final Closing Disclosure Review: The buyer will review the final closing disclosure, which outlines all the costs associated with the transaction, including the down payment, closing costs, and any prorated expenses.
Signing of Documents: The buyer will sign all the necessary documents, including the mortgage agreement, promissory note, and deed of trust.
3. Payment of Closing Costs: The buyer will pay all the closing costs, including the down payment, closing costs, and any prorated expenses.
4. Title Transfer: The title of the property will be transferred from the seller to the buyer, and the deed will be recorded with the appropriate government office.
5. Disbursement of Funds: The funds will be disbursed. ...