Thursday, February 17, 2022 / by Anne Rose
Protect Your Mortgage Pre-approval
Following these tips could be your key to a great home loan with low rates and fees.
Do stay current on existing accounts.
One 30-day late notice can compromise your ability to be approved.
Do continue to use your credit as normal.
Changing your pattem will raise a red flag and can lower your credit score.
Do call your mortgage loan professional first.
If you have any questions or concerns, always contact your mortgage professional.
Don't apply for new credit.
Every time you have your credit pulled by a potential creditor or lender, you will lose points from your credit score. This includes co-signing for a loan or applying for new credit.
Don't max out credit cards.
Do not use more than 30% of your available credit limit during the loan process. If you pay down balances, do it across the board.
Don't consolidate your debt.
When you consolidate all of your debt onto one or two credit cards, it will appear that ...
Thursday, February 17, 2022 / by Anne Rose
Inside your home
Remove pets - book daycare, crate in the garage, or take them for a drive
Hide pet bowls, toys, cat towers, litter boxes
Hide kids' toys and computer gaming systems
Remove as many personal items in bathroom as possible, including toilet brushes, trash
cans, throw rugs
Remove kitchen rugs and stow as many countertop items as possible
Take magnets off refrigerator and clear refrigerator top
Tidy up closets and create a sense of roominess if possible
Remove family photos
Create as much space as possible by removing or rearranging furniture
Outside your home
Mow, rake, and trim grass and shrubs
Tidy up flower beds and refresh mulch
Stow trashcans, yard tools, and hoses
Wipe down and straighten up yard furniture, raise umbrellas
Blow leaves and debris from driveway and walkways
Move cars, trucks, boats, RVs, trailers and other vehicles from front driveway
Clear and wipe all counters, fixtures and appliances in bathrooms and the kitchen
Wednesday, February 9, 2022 / by Anne Rose
With the prospect of rising interest rates on the horizon, home buyers who haven’t locked in a mortgage rate may find that the home of their dreams is more expensive.
“Rates remain extremely low by historical averages,” says Adam Slack, senior vice president of mortgage lending with Guaranteed Rate, “but as we move into 2022, we will continue to go further into a rising interest rate environment.”
What should home buyers do?
Because mortgage interest rates have a measurable long-term cost impact on home purchases, home buyers may feel the pressure to make their real estate investment decision sooner rather than later.
“In a rising interest rate environment, it is important that buyers lock an interest rate in as soon as they have an accepted agreement or signed purchase contract,” advises Slack. “The rate lock is tied to the property address, so a rate can be locked in the same day the prospective buyer has a purchase contract. ...
Saturday, December 18, 2021 / by Anne Rose
Kirk Pugh wraps up 2021 with a holiday greeting and review of the year's Real Estate market performance, while looking ahead to 2022.
The new year is quickly approaching, and as a leadership group, we've been reflecting on many of the things that we had to be grateful for this year and gosh, there's a ton of it, right?
So we've started a handful of new agents with our company. We've added commercial real estate to our portfolio of services. We've stumbled across and pursued some development opportunities as a real estate group, and for the year, we're going to finish up right around 300 units, $80 million in volume. That's a 44% increase over last year, and net of inflation or home price appreciation, that's about 25%, which I don't care who you are: That's pretty darn good growth.
And we are grateful for the faith that all of our clients have put in us and our team over the years.
I'm going to run through some numbers to kind of wrap up the year and keep in mind, these numb ...
Thursday, June 10, 2021 / by Anne Rose
Kirk Pugh, on the State of the Real Estate market:
These video updates are when I normally give you a bunch of numbers and statistics and tell you how the market is, and my best advice to buyers and sellers. I'm not going to talk about numbers today. Market's great. End of story.
My take away from today's market is, whether you are a buyer or a seller, in today's market it is absolutely vital that you have a seasoned professional helping you, either on the sell side or the buy side.
As a seller, you really need to take a careful, hard look at every offer you get on your home. As a buyer, you need to listen to your advisor and let them help you craft an offer that is likely to be accepted in this hyper-competitive market. It is very fast-paced. It is moving at the speed of light.
There are lots of reasons why we are in this situation. Increased prices due to demand, cost of materials, and cost of labor. Lots, and lots, and lots of reasons, and also because th ...