Thursday, September 26, 2013

Choosing a Neighborhood

Before deciding on a house, first decide which area is most suitable for you.  Consider the following:  What is the crime rate?  How important is traffic and proximity to schools, shopping and other activities?  Have property values been increasing?  Call me, my job is to know these important neighborhood characteristics.

Check out this article from Realtor.com...

14 Things to Consider Before Buying a Home
August 19, 2013
By:  Realtor.com Team

When you’re buying a home, it’s easy to let emotions get in the way of reality. “Sometimes we want something so badly, we’re not willing to ask all the questions we should,” says Leslie Levine, author of “Will This Place Ever Feel Like Home?” To make sure your dream home isn’t a mirage, follow these 14 tips:

1. Visit at various times of day. The windows that let in so much light during the day may be a peeping Tom’s dream at night. That seemingly quiet residential street may be a noisy, highway-feeder street during morning or evening rush hour. The adjacent school may seem like a nice perk if you’re buying in the summer, but during the school year, daily playground noise and extra traffic may be more than you bargained for.

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Thursday, September 5, 2013

Fixer-Uppers

Is a fixer-upper right for you?  Good deals can be found, but make sure that it will not cost you more in the long run.  A home inspection can help identify both major and minor problems.  Work the repairs into a budget and create a timeline of how and when you want to complete them.  Calculate additional financing for problems found along the way.  Call me, I can help you find the potential in a less than perfect house.

Check out this article from Realtor.com...

FHA 203(k) Loans to Fix Your Home
August 29, 2013
by Realtor.com


Want to buy a fixer-upper or rehab a home you already own? The Federal Housing Administration's 203(k) loans are for houses that are damaged or sorely in need of renovation.

If you’re buying a home, the loan covers the cost of both the property and necessary home repairs. The down payment requirement is low — currently 3.5 percent of the combined price of the home and repairs — and eligibility criteria are loose.

If you own a home that needs help, you can refinance with a 203(k). The loan can cover a vast range of repairs, including room additions, bathroom remodeling, roofing, flooring and air conditioning systems.

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