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Tag Archives: Home Buyer Tips

Mortgages Made Easy: How to Choose the Right Home Loan

Key Takeaways:

  • As mortgage rates continue hovering near historic lows, many potential buyers are eager to make a move—but it can be hard to know which type of loan is best.
  • There are dozens of different mortgage options available today, and some even have low down payment or credit score requirements. This can help a variety of buyers finally achieve their real estate goals. 
  • Need help finding a lender or choosing the right mortgage for your needs? We’d be more than happy to offer a few recommendations.

Home Financing 101: The Most Common Types of Mortgages

Let’s face it—understanding mortgages can be the most complicated part of buying a home. Even experienced buyers sometimes have trouble deciding between lenders or shopping around for the best interest rate. And because there are so many options, it can be difficult to track down the mortgage that best meets your needs.

There are a variety of factors you should consider before committing to a loan, such as your income, debt, financial history, and how long you plan on staying in your new home. But if you play your cards right, you could end up scoring a great deal. Here are some of the most popular types of mortgages, as well as their pros and cons. Continue reading

The Pros and Cons of a Buyer’s Letter: Standing Out in a Busy Market

Imagine, after weeks of searching, that you’ve finally found your dream home. It’s in the perfect location with the right features and exactly the amount of space you need. But after requesting more information, your agent informs you that there are already several offers made on the house. How do you stand out in a busy market and snag your dream home?

When buyers are looking to make a lasting impression on sellers, they often opt to submit a letter to the seller. In fact, a recent study found that buyers who submitted letters were 9% more likely to have their offer accepted.

A Buyer’s Letter can work both with you and against you, so it’s important to understand what they are and when you should use one. Continue reading

6 Questions to Ask When Considering a Neighborhood with an HOA

community pool with inflatable innertubeLet’s say you have your heart set on buying a home in a community with a swimming pool, a clubhouse, and maybe even a playground or trails. Having access to these amenities often means living in a community with a homeowners association, or HOA.

Generally, an HOA is responsible for keeping the neighborhood looking beautiful — and as a result, keeping property values high. But since no two neighborhoods are the same, no two HOAs will be the same, either.

What You Should Know About the Homeowners Association

Doing your research on homes and communities means finding the answers to dozens of questions. As a savvy home buyer, you’ve probably already considered some of the most important topics early on in your home search, such as the local property taxes and whether the neighborhood is appreciating in value.

But if you’re considering a neighborhood with an HOA, there are a few additional things that you should know. Here are the essential questions you should ask. Continue reading

3 Surprising Ways Public Schools Affect Your House Hunt

sharpened colored pencils in a circleIt’s back-to-school season. School supplies are front and center in the stores, back-to-school sales are everywhere, and school buses are becoming part of the morning commute.

Even if the public school district is not an important factor in your home search, the location of public schools can still have a significant impact on your home buying decision.

If you are looking for a home near a school, you may want to take these factors into consideration.

1. School Speed Zones

Pay attention to the speed limit around schools and times that the school zone speed is enforced. You may want to consider a home that has convenient alternate routes around the school zone.

the stop sign on the side of a bus2. School Bus Stops

Whether there is a bus route through your neighborhood or on a major thoroughfare, it can affect traffic around your home. Call the school district and ask if there is a bus that stops near your home to pick up students.

Continue reading