Monday, September 30, 2013

Real Estate Tips and Tricks for October 2013





National Home Sales Remain Above Year-Ago Levels
When it comes to predicting immediate future sales, economists rely on the Pending Home Sales Index. It tracks the number of contracts in the housing market, not closings. And while July's pending home sales were down a slight 1.3 percent, they were still 6.7 percent above last year's level. 
What's more, for the past 27 months the index has stayed above year-ago levels 

Rising Mortgage Rates
The slight dip in the index can be blamed... Read More

What You Need to Know Before Choosing a Home Mortgage



Once you have found the perfect home and it has passed its home inspection, the next step is finding the right home mortgage. There are many different types of mortgages, and each has its benefits and drawbacks. You need to understand the ins and outs of your mortgage agreement before you sign anything. 

What is a home mortgage?
A home mortgage is an agreement between a borrower and a lender that the borrower will pay back the mortgage loan with a pre-determined amount of interest. Until the loan is completely paid off, the mortgage lender owns... Read More

Saturday, September 21, 2013

Check out some tips and tricks for  your home! 

http://www.anypresentations.com/enl/view.php?&id=6763&sid=2e4c&NID=96

Friday, September 20, 2013

Thinking of buying in Arizona check out this chart for the latest on how much and how many....

ARMLS puts together a chart each month that recaps the market...this is helpful as each area is selling for more or less because of demand. 

See this chart in the link and it will show you the picture of where we are at.

http://www.armls.com/docs/armls-home-sales-2013/hmsalesarmlsaugust2013.pdf?sfvrsn=2


Now, each community will sell for more or less because of demand- so if you need help buying or selling your home, please feel free to give me a call. I can help you narrow down the price for the home in a certain community by the specifics.   

I am always happy to help you answer any questions, with no obligation.  I am just a phone call away!


How to beat out a cash offer


First you get all of your finances in order and start the process of looking for the home you and your family need.  After a while of searching for the perfect home- You find it, this is the one you can see your furniture in, see your daughter come down the stairs for her first date, see your son hanging in the living room with his buddies and all of the other dreams you have for your home.  You are so excited you found it!

However, you’re not the only one that loves the home, because there are multiple offers — and one of them is cash.

Cash buyers are seen as desirable because they’re almost always a guaranteed quick close.

They don’t have to borrow money from a bank therefore won’t have any financing hang-ups, which is where a large portion of offers fall through. Don’t worry; not all hope is lost.

Follow the steps below to beef up your offer and get your foot in the door. So to speak;

Get Pre-Qualified and Pre-Approved

Have your lender do the DU approval and provide that along with the offer and any other pre-qualification form needed. This shows the seller that you are not only pre-qualified, but also you have a pre-approval for the loan amount. Showing your strength beyond most offers that need financing.

Less Expensive Homes

If you’ve put offers in on homes at the asking price and are continually beat out by buyers that are paying more, then you might want to consider looking in a lower price range. This is an especially smart strategy for those living in fast-selling markets. By looking at less expensive homes, you can be the one that puts in an offer over the asking price.

20 Percent Down Payment

Save up a higher down payment for the price range of homes you’re considering. If you can come up with 20 percent, then you’re in a position to wave the appraisal contingency for financing with the bank. The more you have in cash, the better.

Take-It-Or-Leave-It Home Inspection- As is

This means that based on the home inspection, you’ll take the property with all its issues, or you’ll walk away. What you won’t do is ask the seller to waste more of their time and money fixing every little problem that’s found.

Fees

Waive the seller concessions, such as closing costs and the home warranty. These extra costs add up in the mind of the seller and will show that you really want the property.

Going up against cash buyers can be extremely discouraging. But, just because they’re dealing in cash doesn’t mean they’ll get the property. Many investors think they can put in a low offer because they’re dealing in cash. But a smart buyer can do some of these simple things to get an edge on the competition.  
Good luck and if you have any questions about this- please let me know!