Buyers

6 Repairs to Focus on When Buying a House

6 Repairs to Focus on When Buying a House
Big repairs are generally not the first thing you think of when buying a house. While buying a house can be both an exciting and stressful experience, we often put on our blinders and try to see all the positives of each home we tour, it is important to make sure to keep an eye out for items that could potentially cost you thousands in repair bills later down the line.   #1 Siding Often something that gets overlooked, and yet can be one of the most expensive repair items, is siding...

Date Published: July 28, 2021 | Author: Erika

What Type of Homes Are Millennials Buying?

What Type of Homes Are Millennials Buying?
There are innumerous theories about millennials and why they make the choices that they do. They are the first generation to have grown up with the internet, and statistics show that they are taking their time when it comes to buying their first home. One-third of millennials have returned home to live with their parents, while others have chosen to rent rather than buy. The question is whether millennials want to buy or are they are put off by the idea of being geographically and financi...

Date Published: July 25, 2021 | Author: Erika

Is Cash Always King When Buying Real Estate?

Is Cash Always King When Buying Real Estate?
Cash is king, so they say… Until it's not. Cash can be considered king when talking about real estate or it actually could harm your purchase. Were going to discuss the pros and cons of using cash or being an all-cash buyer when purchasing Portland homes and specifically luxury real estate. Most homebuyers do purchase in all-cash but is that really the best way to go?   A jumbo loan may be in your better interests but let's discuss both the advantages and disadvantages of going with...

Date Published: July 20, 2021 | Author: Erika

How We Saved $10,000 Working With Orlando Buyers Broker

How We Saved $10,000 Working With Orlando Buyers Broker
How We Saved $10,000 Working With Orlando Buyers Broker - We love working with first-time homebuyers and because this is their first time buying a home, many of them just don't know the process. I love being able to inform buyers of how they can save money and purchase a home with as little stress as possible but it does take a little bit of know-how, knowledge, and understanding of the transaction. I recently worked with a couple that was buying their first home in Orlando,  and I asked them t...

Date Published: July 14, 2021 | Author: Erika

5 Things You Should Never Do Once Approved for a Home Loan

5 Things You Should Never Do Once Approved for a Home Loan
  5 Things You Should Never Do Once Approved for a Home Loan - Once you gain a pre-approval offer from the lender, you must avoid doing certain things. This is because the lender evaluates your assets, debt, credit, and income. Some actions may affect your credit score, which in turn can lead to a delay in mortgage closing or not getting mortgage approval at all. The actions to avoid include:   Making any large purchases   You should avoid buying anything expe...

Date Published: July 5, 2021 | Author: Erika

10 Things to Know About an HOA

10 Things to Know About an HOA
10 Things to Know About an HOA - In Orlando, there are several subdivisions, gated communities, and neighborhoods that are part of their own HOA. And HOA stands for Homeowner’s Association and is typically the Association or Board of members that manage the community, keep things consistent, and adhere to the rules and bylaws of the community. It’s important to understand the type of homeowner Association that you’re getting into if you’re choosing a home within the community. You’...

Date Published: June 30, 2021 | Author: Erika

How is Your Mortgage Interest Rate Determined by a Lender?

How is Your Mortgage Interest Rate Determined by a Lender?
The mortgage interest rate that you are offered by a lender is determined by several different factors. Some may be within your control to help determine and others are not. With knowledge of what factors go into the determination of a mortgage interest rate, you can feel more confident about getting the best competitive interest rate when shopping for a mortgage.   Interest rate factors that you can control   Lenders adjust the mortgage rate that they offer to a particular app...

Date Published: June 24, 2021 | Author: Erika

Property Types Most Investors Want

Property Types Most Investors Want
  For a little while now many real estate investors have stayed out of the real estate game. Prices have been too high in competition to fears. But now, many investors are getting back in the saddle when it comes to investing in properties in real estate but why and what type are they looking for now? Since the pandemic started, investor activity has been slightly waning. But a recent report from a major real estate Corporation stated that investor home purchases were up nearly 3% ov...

Date Published: June 15, 2021 | Author: Erika

How Your Credit Score Can Affect Your Mortgage Rate and Monthly Payment

How Your Credit Score Can Affect Your Mortgage Rate and Monthly Payment
Your credit score and credit history directly influence your mortgage rate and your monthly payment deals. You might be wondering how it does. Lenders look at a lot of factors when determining how much of a risk you are when buying property and borrowing money.   Here is a breakdown of how credit score impacts your mortgage and monthly payment.   Lenders use the credit score to measure your viability for credit - credit score reflects your past credit usage. It speaks volum...

Date Published: June 7, 2021 | Author: Erika

How Financially Prepared Should You Be Before Buying a House?

How Financially Prepared Should You Be Before Buying a House? Finding a dream home is easy but being financially qualified is a fog to your vision of dreams. Getting the minimum credit score to bring your dream home to reality is the most exhilarating and stressful process you will ever encounter in your life, especially if you do not have a financial plan to purchase your home. To have a better dream home, you need to roll up your sleeves and create a well-laid-down financial plan to allow ...

Date Published: June 3, 2021 | Author: Erika