Appraisals

Buyers: What you need to know about appraisals

Once you are under contract, your lender will send out an appraiser to make sure the purchase price is in line with the property’s value. Appraisals help guide mortgage terms The appraised value of a home is an important factor in the loan underwriting process. Although lenders may use the sale price to determine the […]

4 Tips to Determine How Much Mortgage You Can Afford

4 Tips to Determine How Much Mortgage You Can Afford

By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Home ownership should make you feel safe and secure, and that includes financially. Be sure you can afford your home by calculating how much of a mortgage you can safely fit into your budget. Why not just take […]

How to prepare for house-hunting

How to prepare for house-hunting

Know that there’s no “right” time to buy. If you find the perfect home now, don’t risk losing it because you’re trying to guess where the housing market and interest rates are going. Those factors usually don’t change fast enough to make a difference in an individual home’s price. Don’t ask for too many opinions. It’s […]

7 Reasons to Work With a REALTOR®

7 Reasons to Work With a REALTOR®

REALTORS® aren’t just agents. They’re professional members of the National Association of REALTORS® and subscribe to its strict code of ethics. This is the REALTOR® difference for home buyers: 1. Ethical treatment Every REALTOR® must adhere to a strict code of ethics, which is based on professionalism and protection of the public. As a REALTOR®’s […]

7 Reasons to Own a Home

7 Reasons to Own a Home

1. Tax benefits: The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home. 2. Appreciation: Historically, real estate has had a long-term, stable growth in value. In fact, median single-family existing-home sale prices have increased on average 5.2 percent each […]

Financing a Home

Financing a Home

Buyers: Are you prepared to finance a home? Develop a budget: Use receipts and your banking transaction history to create a budget that reflects your actual habits over the last several months. This approach will better factor in unexpected expenses alongside more predictable costs such as utility bills and groceries. You’ll probably spot ways to save, whether […]

9 Questions to Ask When Considering a Condo or HOA

9 Questions to Ask When Considering a Condo or HOA

Condominiums, townhomes, and properties located within a homeowner association offer certain perks, but it’s important to consider them in your decision process. 1) How much storage is available? Some properties include storage lockers, but there may not be attics or basements to hold extra belongings. 2) How’s the outdoor space? Your yard may be smaller […]

Five things to do right after closing - Sarah Harrington Real Estate

Five things to do right after closing

If you just bought your first home, you’re probably still celebrating and feeling the sense of pride and accomplishment that comes with home ownership. You’re shopping for furniture, drawing up plans for renovations … but wait! There are some important tasks to cross off your list before you get to the fun stuff. 1) Change […]