This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home...or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home...or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
Check it out, and feel free to get in touch if you have any questions.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
This packet contains the latest trends and information for rates and prices across the US. It contains important information about the steps to purchasing real estate, hiring the right real estate agent and reasons why you should be providing your mortgage broker with a ton of paperwork upfront in order to get the most accurate quote on how much of a house you can afford. Use this as a guide in helping you decide whether or not now is the time to buy and use it during your home buying process. Knowledge is power, the more you know, the easier the home buying process will be for you. Not only that - the more you know, the less you may be given the run-around!
Take a peek at the most recent sales trends and step by step home purchasing time line to help you decide if this is the right time for you to purchase a home.
National real estate trends and predictions for home buyers. This edition tells you the pros and cons of buying real estate this winter, where the rates are currently and where they may head in the future and why it's important to hire a real estate agent to guide you on your home purchasing journey.
Things to consider when buying a home in Eastern CT including Ledyard, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.
Things to Consider When Buying a Home (Spring 2015)
This “Buyer Guide” will give you powerful marketing materials and help you simply and effectively explain the current market opportunities to potential buyers.
There is more to buying a home than looking at houses for sale online. This brochure is packed full of great information for both the first time home buyer, and experienced property owners. For even more information, CALL TROY 770-676-8999.
This packet contains the latest trends and information for rates and prices across the US. It contains important information about the steps to purchasing real estate, hiring the right real estate agent and reasons why you should be providing your mortgage broker with a ton of paperwork upfront in order to get the most accurate quote on how much of a house you can afford. Use this as a guide in helping you decide whether or not now is the time to buy and use it during your home buying process. Knowledge is power, the more you know, the easier the home buying process will be for you. Not only that - the more you know, the less you may be given the run-around!
Take a peek at the most recent sales trends and step by step home purchasing time line to help you decide if this is the right time for you to purchase a home.
National real estate trends and predictions for home buyers. This edition tells you the pros and cons of buying real estate this winter, where the rates are currently and where they may head in the future and why it's important to hire a real estate agent to guide you on your home purchasing journey.
Things to consider when buying a home in Eastern CT including Ledyard, Groton, Mystic, Stonington, Norwich, Montville, New London, East Lyme, or Waterford.
Things to Consider When Buying a Home (Spring 2015)
This “Buyer Guide” will give you powerful marketing materials and help you simply and effectively explain the current market opportunities to potential buyers.
There is more to buying a home than looking at houses for sale online. This brochure is packed full of great information for both the first time home buyer, and experienced property owners. For even more information, CALL TROY 770-676-8999.
Are You Thinking About Buying a Home?
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home...or if interest rates are projected to rise or fall. This free eGuide will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
This “Buyer Guide” will give you powerful marketing materials to share with clients, and help you simply and effectively explain the current market opportunities to potential buyers.
It’s difficult to know when is the best time to sell, or how to get the most money for your house, but you don’t need to go through the process alone.
You may be wondering if prices are projected to rise or fall…or how much competition you may be facing in your market. The free eGuide below will answer many of your questions and likely bring up a few things you haven’t even thought about yet.
The process of buying a home can be overwhelming at times, but you don’t need to go through it alone.
You may be wondering if now is a good time to buy a home…or if interest rates are projected to rise or fall. The free eGuide below will answer many of your questions and likely bring up a few things you didn’t even know you should consider when buying a home.
This “Seller Guide” will help you simply and effectively explain the current market to potential sellers, and give you powerful marketing materials to share with clients, or bring to your pre-listing appointments.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
Vinra Construction Tech Enabled Company for Eco-Friendly Home Construction
Contact With Vinra for a Greener Future >>> Call us @ 888 4898 765
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Elegant Evergreen Homes - Luxury Apartments Redefining Comfort in Yelahanka, ...JagadishKR1
Experience unmatched luxury at Elegant Evergreen Homes, offering exquisite 2, 3, and 4 BHK apartments in the serene locality of Yelahanka, Bangalore. These meticulously crafted homes blend modern design with timeless elegance, providing a harmonious living environment. Enjoy top-tier amenities and a prime location, making Elegant Evergreen Homes the ideal choice for discerning homeowners.
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Flat available for sale
Location- Tupudana, Ranchi
Savitri enclave
Area- 3BHK
Rate- 4000/sq.ft.
Super Build Up Area-1629 sq.ft.
Build-up area-1253 sq.ft.
Rate- 65lakh16k(approx)
Floor available- Flat available in all floor(G+12)
Balcony- 2
Washroom- 2
Parking - CAR PARKING
Amenities- Joggers track,temple, children's park,gym,banquet hall (5 Lakh)
Possession year (Handover year)- Dec 2025
Outside View from the apartment and flat balcony is very beautiful.
For more information contact AASHIYANA STAR PROPERTIES
7766900371
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
Business and life in the same place
Excellent service
Torun Center has many delightful details, from a swimming pool to sunbathing and resting terrace. With 24/7 concierge services, 24/7 security, valet, technical service, closed-circuit camera system (CCTV), central heating and cooling system, it makes your life easier.
Delightful details
The two-story Torun Center Lounge, with its indoor and outdoor seating areas, children's playroom, private dining and TV lounge, promises unforgettable memories to you and your loved ones with its unique Istanbul view.
Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
Located at the intersection of alternative public transportation options such as the metro and Metrobus, Torun Center comes to the fore as the most accessible office for both sides of Istanbul. With a central location and rich transportation lines, Torun Center offices make life easier for employees and increase productivity.
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
Urbanrise Paradise on Earth - Unveiling Unprecedented Luxury in Exquisite Vil...JagadishKR1
Immerse yourself in the epitome of luxury living at Urbanrise Paradise on Earth. These opulent 4 BHK villas, nestled off the prestigious Kanakapura Road in Bangalore, redefine elegance and sophistication. With meticulous craftsmanship, breathtaking design, and unparalleled amenities, Urbanrise Paradise on Earth offers a sanctuary where every moment is infused with luxury and serenity. Experience a life of grandeur and indulgence at this exclusive residential enclave.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Avrupa Konutlari Yenimahalle - Listing TurkeyListing Turkey
Welcome to Avrupa Konutları Yenimahalle, where luxury living meets unparalleled convenience in the heart of Istanbul. Developed by Artaş Holding, one of Turkey’s leading construction companies, this prestigious residential project offers a contemporary lifestyle experience like no other.
https://listingturkey.com/property/avrupa-konutlari-yenimahalle/
2. TABLE OF CONTENTS
WHAT’S HAPPENING IN THE HOUSING MARKET?
WHAT YOU NEED TO KNOW BEFORE YOU BUY
WHAT TO EXPECT WHEN BUYING A HOME
3 4 REASONS TO BUY A HOME THIS WINTER
5 BUYING IS NOW 37.7% CHEAPER THAN RENTING IN THE US
6 HOME PRICES OVER THE LAST YEAR
7 BUYING A HOME? CONSIDER COST NOT JUST PRICE
8 THE COST OF RENTING VS. BUYING [INFOGRAPHIC]
STARTING TO LOOK FOR A HOME? KNOW WHAT YOU WANT
VS. WHAT YOU NEED9
10 YOU NEED A PROFESSIONAL WHEN BUYING A HOME
11 WHAT DO YOU ACTUALLY NEED TO QUALIFY FOR A MORTGAGE?
13 YOU CAN SAVE FOR A DOWN PAYMENT FASTER THAN YOU THINK
14 WHY GETTING PRE-APPROVED SHOULD BE YOUR FIRST STEP
15 WHAT YOU NEED TO KNOW ABOUT THE MORTGAGE PROCESS
16 GETTING A MORTGAGE: WHY SO MUCH PAPERWORK?
17 READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
19 WHAT TO EXPECT WHEN HOME INSPECTING
20 HAVE YOU PUT ASIDE ENOUGH FOR CLOSING COSTS?
3. 3
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over
the last 12 months. The same report predicts that prices will continue to increase at a rate of
5.2% over the next year.
The bottom in home prices has come and gone. Home values will continue to appreciate for
years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year
mortgage have remained around 4%. Most experts predict that they will begin to rise over the
next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National
Association of Realtors are in unison, projecting that rates will increase by this time
next year.
An increase in rates will impact YOUR monthly mortgage payment. A year from now, your
housing expense will increase if a mortgage is necessary to buy your next home.
4 REASONS TO BUY A HOME THIS WINTER!
4. 4
3. Either Way You are Paying a Mortgage
As a paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for
more favorable tax treatment of owning, homeowners pay debt service to pay down
their own principal while households that rent pay down the principal of a landlord plus
a rate of return. That’s yet another reason owning often does—as Americans intuit—
end up making more financial sense than renting.”
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the
current mortgage rate. It appears that both are on the rise.
But what if they weren’t? Would you wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you
want to have a great place for your children to grow up, you want your family to be safer or
you just want to have control over renovations, maybe now is the time to buy.
If the right thing for you and your family is to purchase a home this year, buying
sooner rather than later could lead to substantial savings.
5. 5
The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains
cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro
areas in the United States.
The updated numbers actually show that the range is an average of 17.4% less expensive in
Honolulu (HI), all the way up to 53.2% less expensive in Miami & West Palm Beach (FL), and
37.7% nationwide!
Other interesting findings in the report include:
• Interest rates have remained low, and even though home prices have appreciated around
the country, they haven’t greatly outpaced rental appreciation.
• Home prices would have to appreciate by a range of over 23% in Honolulu (HI), up to over
45% in Ventura County (CA), to reach the tipping point of renting being less expensive
than buying.
• Nationally, rates would have to reach 9.1%, a 145% increase over today’s average of 3.7%,
for renting to be cheaper than buying. Rates haven’t been that high since January of
1995, according to Freddie Mac.
Bottom Line
Buying a home makes sense socially and financially. If you are one of the many renters out
there who would like to evaluate your ability to buy this year, let's get together to find your
dream home.
BUYING IS NOW 37.7% CHEAPER THAN
RENTING IN THE US
6. 6
HOME PRICES OVER THE LAST YEAR
Every quarter, the Federal Housing Finance Agency (FHFA) reports on the year-over-year
changes in home prices. Below, you will see that prices are up year-over-year in every region.
Looking at the breakdown by state, you can see that each state is appreciating at a different
rate. This is important to know if you are planning on relocating to a different area of the
country. Waiting to move may end up costing you more!
Year-over-Year Prices Regionally
Year-over-Year Prices By State
7. $92.58
Mortgage Interest Rate Payment (P&I)
Today $250,000 4.00% $1,193.54
Q4 2017 $263,250 4.20% $1,286.12
Difference in Monthly Payment
Monthly Annually Over 30 Years
$92.58 $1,110.96 $33,329
7
*Rates based on Freddie Mac’s prediction at time of print
As a seller, you will be most concerned about ‘short term price’ – where home values
are headed over the next six months. As a buyer, however, you must not be concerned
about price, but instead about the ‘long term cost’ of the home.
The Mortgage Bankers Association (MBA), the National Association of Realtors (NAR)
and Freddie Mac all project that mortgage interest rates will increase by this time next
year. According to CoreLogic’s most recent Home Price Index Report, home prices will
appreciate by 5.2% over the next 12 months.
What Does This Mean as a Buyer?
Here is a simple demonstration of the impact an interest rate increase would have on
the mortgage payment of a home selling for approximately $250,000 today if home
prices appreciate by the 5.2% predicted by CoreLogic over the next twelve months:
BUYING A HOME?
CONSIDER COST NOT JUST PRICE
9. 9
STARTING TO LOOK FOR A HOME? KNOW WHAT
YOU WANT VS. WHAT YOU NEED
In this day and age of being able to shop for anything anywhere, it is really important to know
what you’re looking for when you start your home search.
If you’ve been thinking about buying a home of your own for some time now, you’ve probably
come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers
fantasize about the amenities that they see on television or Pinterest, and start looking at the
countless homes listed for sale with rose-colored glasses.
Do you really need that farmhouse sink in the kitchen in order to be happy with your home choice?
Would a two-car garage be a convenience or a necessity? Could the man cave of your dreams be a
future renovation project instead of a make or break now?
The first step in your home buying process should be to get pre-approved for your mortgage. This
allows you to know your budget before you fall in love with a home that is way outside of it.
The next step is to list all the features of a home that you would like & to qualify them as follows:
• ‘Must Haves’ – if this property does not have these items, then it shouldn’t even be
considered. (ex: distance from work or family, number of bedrooms/bathrooms)
• ‘Should Haves’ – if the property hits all of the must haves and some of the should haves, it
stays in contention, but does not need to have all of these features.
• ‘Absolute Wish List’ – if we find a property in our budget that has all of the ‘must haves,’
most of the ‘should haves,’ and ANY of these, it’s the winner!
Bottom Line
Having this list flushed out before starting your search will save you time and frustration, while
also letting your agent know what features are most important to you before starting to show you
houses in your desired area.
10. 10
YOU NEED A PROFESSIONAL
WHEN BUYING A HOME
Many people wonder whether they
should hire a real estate professional
to assist them in buying their dream
home or if they should first try to do it
on their own. In today’s market: you
need an experienced professional!
You Need an Expert Guide if You
Are Traveling a Dangerous Path
The field of real estate is loaded with
land mines. You need a true expert to
guide you through the dangerous
pitfalls that currently exist. Finding a
home that is priced appropriately and
ready for you to move in to can be
tricky. An agent listens to your wants
and needs, and can sift out the homes
that do not fit within the parameters
of your “dream home.”
You Need a Skilled Negotiator
In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of
thousands of dollars. Each step of the way – from the original offer, to the possible
renegotiation of that offer after a home inspection, to the possible cancellation of the deal
based on a troubled appraisal – you need someone who can keep the deal together until
it closes.
Realize that when an agent is negotiating their commission with you, they are negotiating
their own salary; the salary that keeps a roof over their family’s head; the salary that puts
food on their family’s table. If they are quick to take less when negotiating for themselves
and their families, what makes you think they will not act the same way when negotiating
for you and your family? If they were Clark Kent when negotiating with you, they will not
turn into Superman when negotiating with the buyer or seller in your deal.
Bottom Line
Famous sayings become famous because they are true. You get what you pay for. Just like a
good accountant or a good attorney, a good agent will save you money…not cost you money.
11. 0.02% 0.34%
8.2%
21.2%
24.5%
32.7%
13.0%
500-549 550-599 600-649 650-699 700-749 750-799 800+
11
WHAT DO YOU ACTUALLY NEED TO QUALIFY FOR
A MORTGAGE?
Fannie Mae's “What Do Consumers Know About The Mortgage Qualification Criteria?” Study
revealed that Americans are misinformed about what is really required to qualify for a
mortgage when purchasing a home.
To help correct these misunderstandings, let’s take a look at the survey results compared to
the latest Ellie Mae Origination Insight Report, which focuses on recently approved loans.
59% of Americans either
don’t know (54%)
or are misinformed (5%)
about what FICO score is
necessary to qualify.
Many Americans believe
a ‘good’ credit score is
780 or higher. 53.9% of
approved mortgages
had a credit score of
600-749.
Survey Results vs. What’s Really Required
53.9%
FICO Score
Distribution
12. 12
Bottom Line
Whether buying your first home or moving up to your dream home, knowing your
options will definitely make the mortgage process easier. Your dream home may
already be within your reach.
76% of Americans either
don’t know (40%) or are
misinformed (36%) about
the minimum down
payment required.
Many believe that they
need at least 20% down
to buy their dream
home. New programs
actually let buyers put
down as little as 3%.
13. 13
YOU CAN SAVE FOR A DOWN PAYMENT FASTER
THAN YOU THINK
In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly
eight years” for a first-time buyer to save enough for a down payment on their dream home.
Depending on where you live, median rents, incomes and home prices all vary. By determining the
percentage of income a renter spends on housing in each state, and the amount needed for a 10%
down payment, they were able to establish how long (in years) it would take for an average resident
to save.
According to the study,
residents in South Dakota
are able to save for a
down payment the
quickest in just under 3.5
years.
On the right is a map
created using the data for
each state.
What if you only needed
to save 3%?
What if you were able to
take advantage of one of
the Freddie Mac or Fannie
Mae 3% down programs?
Suddenly saving for a down
payment no longer takes 5
or 10 years, but becomes
attainable in under two
years in many states (as
shown in the map on the
right).
Bottom Line
Whether you have just
started to save for a down
payment, or have been for
years, you may be closer
to your dream home than
you think!
14. 14
WHY GETTING PRE-APPROVED SHOULD BE
YOUR FIRST STEP
In many markets across the country, the amount of buyers searching for their dream home
greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace
where buyers often need to stand out. One way to show you are serious about buying your
dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
But even if you are in a market that is not as competitive, knowing your budget will give you
the confidence to know if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website.
“It’s highly recommended that you work with your lender to get pre-approved before you
begin house hunting. Pre-approval will tell you how much home you can afford and can
help you move faster, and with greater confidence, in competitive markets.”
One of the many advantages of working with a local real estate professional is that many have
relationships with lenders who will be able to help you with this process. Once you have
selected a lender, you will need to fill out their loan application and provide them with
important information regarding “your credit, debt, work history, down payment and
residential history.”
Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:
• Capacity: Your current and future ability to make your payments
• Capital or cash reserves: The money, savings and investments you have that can be sold
quickly for cash
• Collateral: The home, or type of home, that you would like to purchase
• Credit: Your history of paying bills and other debts on time
Getting pre-approved is one of many steps that will show home sellers that you are serious
about buying and it often helps speed up the process once your offer has been accepted.
Bottom Line
Many potential home buyers overestimate the down payment and credit scores needed to
qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly
surprised at your ability to do so as well.
16. 16
Why is there so much paperwork mandated by
lenders for a mortgage loan application when
buying a home today? It seems that they need
to know everything about you and require
three separate sources to validate each and
every entry on the application form.
Many buyers are being told by friends and
family that the process was a hundred times
easier when they bought their home ten to
twenty years ago.
There are two very good reasons that the loan
process is much more onerous on today’s
buyer than perhaps any time in history.
GETTING A MORTGAGE:
WHY SO MUCH PAPERWORK?
1. The government has set new guidelines that now demand that the bank prove
beyond any doubt that you are indeed capable of paying the mortgage.
During the run-up in the housing market, many people ‘qualified’ for mortgages that they could
never pay back. This led to millions of families losing their homes. The government wants to make
sure this can’t happen again.
2. The banks don’t want to be in the real estate business.
Over the last seven years, banks were forced to take on the responsibility of liquidating millions of
foreclosures and also negotiating another million+ short sales. Just like the government, they don’t
want more foreclosures. For that reason, they need to double (maybe even triple) check everything
on the application.
However, there is some good news about this situation.
The housing crash that mandated that banks be extremely strict on paperwork requirements also
allowed you to get a mortgage interest rate around 4%.
The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage
application process but also paid a higher interest rate (the average 30-year fixed rate mortgage
was 8.12% in the 1990s and 6.29% in the 2000s).
If you went to the bank and offered to pay 7% instead of around 4%, they would probably bend over
backwards to make the process much easier.
Bottom Line
Instead of concentrating on the additional paperwork required, let’s be thankful that we are able
to buy a home at historically low rates.
17. READY TO MAKE AN OFFER? 4 TIPS FOR SUCCESS
So you’ve been searching for that perfect house to call a ‘home’ and you finally found one!
The price is right, and in such a competitive market you want to make sure you make a good
offer so that you can guarantee your dream of making this house yours comes true!
Freddie Mac covered “4 Tips for Making an Offer” in their latest Executive Perspective. Here
are the 4 tips they covered along with some additional information for your consideration:
1. Understand How Much You Can Afford
“While it's not nearly as fun as house hunting, fully understanding your finances is
critical in making an offer.”
This ‘tip’ or ‘step’ really should take place before you start your home search process.
Getting pre-approved is one of many steps that will show home sellers that you are serious
about buying, and will allow you to make your offer with the confidence of knowing that you
have already been approved for a mortgage for that amount. You will also need to know if
you are prepared to make any repairs that may need to be made to the house (ex: new roof,
new furnace).
2. Act Fast
“Even though there are fewer investors, the inventory of homes for sale is also low
and competition for housing continues to heat up in many parts of the country.”
The inventory of homes listed for sale has remained well below the 6-month supply that is
needed for a ‘normal’ market. Buyer demand has continued to outpace the supply of homes
for sale, causing buyers to compete with each other for their dream home.
Make sure that as soon as you decide that you want to make an offer, you work with your
agent to present it as soon as possible.
17
18. 18
3. Make a Solid Offer
Freddie Mac offers this advice to help make your offer the strongest it can be:
“Your strongest offer will be comparable with other sales and listings in the neighborhood. A
licensed real estate agent active in the neighborhoods you are considering will be
instrumental in helping you put in a solid offer based on their experience and other key
considerations such as recent sales of similar homes, the condition of the house and what
you can afford.”
Consider ways of making your offer stand out! Many buyers write a personal letter to the
seller letting them know how much they would love to be the new homeowners. Your agent
will be able to help you figure out if there are any other ways your offer could stand above
the rest.
4. Be Prepared to Negotiate
“It's likely that you'll get at least one counteroffer from the sellers so be prepared. The two
things most likely to be negotiated are the selling price and closing date. Given that, you'll
be glad you did your homework first to understand how much you can afford.
Your agent will also be key in the negotiation process, giving you guidance on the
counteroffer and making sure that the agreed-to contract terms are met.”
If your offer is approved, Freddie Mac urges you to “always get an independent home
inspection, so you know the true condition of the home. If the inspection uncovers
undisclosed problems or issues, you can typically re-negotiate the terms or cancel the
contract.”
Bottom Line
Whether buying your first home or your fifth, having a local real estate professional who is an
expert in their market on your side is your best bet to make sure the process goes smoothly.
Let’s talk about how we can make your dreams of homeownership a reality!
19. 19
WHAT TO EXPECT WHEN HOME INSPECTING
How to Choose an Inspector
Your agent will most likely have a short list of inspectors that they have worked with in the
past that they can recommend to you. Realtor.com suggests that you consider the following 5
areas when choosing the right home inspector for you:
• Qualifications – find out what’s included in your inspection & if the age or location of
your home may warrant specific certifications or specialties.
• Sample Reports – ask for a sample inspection report so you can review how thoroughly
they will be inspecting your dream home. The more detailed the report the better in
most cases.
• References – do your homework – ask for phone numbers and names of past clients that
you can call to ask about their experience.
• Memberships – Not all inspectors belong to a national or state association of home
inspectors, and membership in one of these groups should not be the only way to evaluate
your choice. Often membership in one of these organizations means that there is
continued training and education provided.
• Errors & Omission Insurance – Find out what the liability of the inspector or inspection
company is once the inspection is over. The inspector is only human after all, and it is
possible that they might miss something they should have seen.
Ask your inspector if it’s ok for you to tag along during the inspection. That way they can
point out anything that should be addressed or fixed.
Don’t be surprised to see your inspector climbing on the roof, crawling around in the attic,
and on the floors. The job of the inspector is to protect your investment and find any issues
with the home, including but not limited to: the roof, plumbing, electrical components,
appliances, heating & air conditioning systems, ventilation, windows, the fireplace &
chimney, the foundation & so much more!
Bottom Line
They say ‘ignorance is bliss,’ but not when investing your hard-earned money in a home of
your own. Work with a professional you can trust to give you the most information possible
about your new home so that you can make the most educated decision about your purchase.
So you made an offer, it was accepted, and
now your next task is to have the home
inspected prior to closing. More often than
not, your agent may have made your offer
contingent on a clean home inspection.
This contingency allows you to renegotiate
the price paid for the home, ask the sellers
to cover repairs, or even, in some cases, walk
away. Your agent can advise you on the best
course of action once the report is filed.
20. HAVE YOU PUT ASIDE ENOUGH FOR
CLOSING COSTS?
There are many potential homebuyers, and even sellers, who believe that you need at least a
20% down payment in order to buy a home, or move on to their next home. Time after time,
we have dispelled this myth by showing that there are many loan programs that allow you to
put down as little as 3% (or 0% with a VA loan).
If you have saved up your down payment and are ready to start your home search, one other
piece of the puzzle is to make sure that you have saved enough for your closing costs.
Freddie Mac defines closing costs as:
“Closing costs, also called settlement fees, will need to be paid when you obtain a
mortgage. These are fees charged by people representing your purchase, including
your lender, real estate agent, and other third parties involved in the transaction.
Closing costs are typically between 2 and 5% of your purchase price.”
We’ve recently heard from many first-time homebuyers that they wished that someone had
let them know that closing costs could be so high. If you think about it, with a low down
payment program, your closing costs could equal the amount that you saved for your down
payment.
20
21. 21
Here is a list of just some of the fees/costs that may be included in your closing costs,
depending on where the home you wish to purchase is located:
Is there any way to avoid paying closing costs?
Work with your lender and real estate agent to see if there are any ways to decrease or defer
your closing costs. There are no-closing mortgages available, but they end up costing you
more in the end with a higher interest rate, or by wrapping the closing costs into the total
cost of the mortgage (meaning you’ll end up paying interest on your closing costs).
Home buyers can also negotiate with the seller over who pays these fees. Sometimes the
seller will agree to assume the buyer’s closing fees in order to get the deal finalized.
Bottom Line
Speak with your lender and agent early and often to determine how much you’ll be
responsible for at closing. Finding out you’ll need to come up with thousands of dollars right
before closing is not a surprise anyone is ever looking forward to.
• Government recording costs
• Appraisal fees
• Credit report fees
• Lender origination fees
• Title services (insurance, search fees)
• Tax service fees
• Survey fees
• Attorney fees
• Underwriting fees
22. CONTACT ME TO TALK MORE
Anthony D’Alicandro
Dwell Real Estate
info@dwellsouthjersey.com
www.Dwellsouthjersey.com
(609) 391-1009
https://www.facebook.com/dwellsouthjersey/
I’m sure you have questions and concerns…
I would love to talk with you more about what you read here, and help you on the path to
buying a home. My contact information is below. I look forward to hearing from you…