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 […]

Five criteria we use when pricing a home

Five criteria we use when pricing a home

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria we look for in a sales […]

Settlement Tips for Home Sellers

Settlement Tips for Home Sellers

When you have a signed contract with the buyer for your home, you may feel as if you can breathe a sigh of relief. While it’s certainly true that you can lighten up on the perfectionism required to show your home at any moment, as a seller you still need to cooperate with your buyer, […]

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 […]

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 […]

What affects your home insurance?

What affects your home insurance?

Research suggests that about 1 in 20 homeowners will make an insurance claim each year. So while it may seem that your monthly home insurance expenses aren’t worthwhile, the chances of needing your insurance are higher than you might think. There’s are countless factors that influence your insurance rates, so here are few examples—some you’ve […]

How do I Improve the Odds of a Real Estate Offer

How do I Improve the Odds of a Real Estate Offer

Sellers: How to improve the odds of an offer. Price it right. Set a price at the lower end of your property’s realistic price range and consider these points: Comparable properties: A “comp” is what real estate professionals call home sales that can be reasonably used to help determine the price of your home. But just because […]

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 […]

7 Questions to Ask When Considering Selling

7 Questions to Ask When Considering Selling

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, you may be ready to move. 1) Have you built substantial equity in your current home? Check your annual mortgage statement or call your lender to […]