Knowing which financial weaknesses raise red flags for lenders, and avoiding them, can strengthen your chances of loan approval. Lenders are trained to spot financial mismanagement so they are careful to review your finances before they take you on as a mortgage client. A bad risk isn’t good for their business.
Mold infestations are one of the major concerns to homeowners and may be a deal breaker for buyers. It ranks close behind termite and roof damage in terms of turning off a potential sale. It is unsightly, has an unpleasant odor, and can be unhealthy to humans.
So, you want to make a few renovations to your home, and you are itching to get started. Pause for a minute to consider what features in your home should be left alone. There are a few that should never be touched.
AC units are our favorite appliance during record-breaking high temps. But when they are on the fritz, life can be miserable! An HVAC system (for heating, ventilating, and air conditioning) is what keeps a home cool in the summer and warm during the winter. You can also justt add AC.But not all AC units are built the same, and there are several different types. So, let’s dive in and see which one is right for you.
When looking for a new home, be sure to tally all the costs of buying and the ongoing costs associated with home ownership. This will help you make a realistic budget for the purchase and related costs to make the place your own. And, it’s best to have an idea of the costs before you even start looking for a new home.
Record prices in the housing market are easing up, but bidding wars continue in competitive areas. Silly misunderstandings or misinterpretations of real estate language can cost you the house of your dreams and you could find yourself back at square one in your search. Take time to learn key terminology and you may be well on your way to moving into your new home.
There is a distinction between the terms “highest and best” and “best and final,” used to describe the kinds of offers a buyer should know when purchasing a home. Knowing the differences and some tips to help you get the best deal will help you navigate the home buying process. Read on for the definitions — and for insight on the subtleties of each so you won’t lose out on your new home.
Your house has sold, and you have a new home to move into. Check that off your list. But that’s only part of the moving process. You can save money on the move and have extra cash for new accessories to make this home your own. Plan ahead and take advantages of freebies offered when moving to a new home.
Rising home prices are good news if you are planning to sell your home this year. Understanding why they are rising may help you realize the full benefit of this trend, including the increased equity in your home right now.
Homebuyers looking for a bargain will have better luck finding deals on home décor at the dollar store than in housing this year. In some cases, even if a home needs major repairs, seller’s have the upper hand and can ask what they want. That’s because available houses are lagging far behind the demand. If you are looking to buy, make sure and leverage all of the advantages available to you.
Are you looking to ramp up the curb appeal when selling your home, or just dreaming of dining beneath the stars this summer? Here are some affordable tips for sprucing up outdoor spaces to help you meet your end goal, and get some extra enjoyment out the summer before moving. The project doesn’t have to be big or expensive to be full of appeal.