How To Buy A Home Faster!
Posted by Admirals Cove Homes on Sep 23, 2014 in Real Estate | 0 comments
Are you looking to buy a home fast? Due to a variety of reasons many homebuyers are looking for a faster home purchase. It doesn’t matter why you want a fast home purchase it only matters that you do and how, so here is a list of the top five tips for a faster home purchase. Get Pre-approved For Your Mortgage: The first thing you should do to get your home buying experience set off on the right foot is to get pre-approved for your mortgage loan as soon as you possibly can. This will help you fully understand if you can afford a home and if so how much you will be able to afford in a home. Start Your Home Search Online: A great way to buy your home faster is to start your home search online. This will better help you get an understanding of the real estate out there and what you are interested in for a new home. You will be able to shuffle through various homes easily finding the features and aspects that appeal to you most. Know What You Want In A Home: After you have gotten pre-approved and have done a decent amount of research on what’s out there for sale you need to sit down and determine exactly what you want in a home. This will greatly help your realtor sift through everything for sale and bring you the perfect homes that fit you and your situation the best. Have Money For Closing Costs Ready: In order to insure your home buying experience keeps running smoothly and as quickly as possible it is very important that you have any and all money needed for closing costs ready and easily accessible. If financing is needed you will need to arrange this at the start of the mortgage process. Hire The Right Realtor For The Job: If you are truly looking for a quick and easy home purchase it is imperative that...
Top Ten Fall Home Selling Tips!
Posted by Admirals Cove Homes on Sep 22, 2014 in Real Estate | 0 comments
Selling your home is most likely one of the largest and most important transactions that you will ever make. So here is a list from our experts on the top ten home selling tips for homeowners looking to get their home sold this fall. Curb Appeal Is Crucial: As always curb appeal is key to home selling and this is true more than ever for the fall home selling season. Your curb appeal is how potential buyers develop a first impression on your home so be sure and freshen it up as much as possible. Price Your Home Right: One of the most critical aspects of fall home selling is to price your home right. It is important that you listen to and work with your realtor when it comes to setting the right asking price for your home. Pricing is key to a successful home sale this fall. Make It Move In Ready: A great way to increase the desirability of your home to potential buyers is to get it move in ready for them. Potential buyers want a home that they don’t have to wait for that they can move into right away. So be sure to get your home as move in ready as possible. Clean And Stage The Exterior: Be sure to clean and maintain the exterior of your home. Additionally, a great way to boost the desirability of your home is to stage the exterior of it. Consider staging a fall BBQ or fire pit area in your back yard to really set the stage of your home and boost its appeal to potential buyers. Embrace The Fall Season: It is imperative that you get serious about selling in the fall and embrace the fall season. There are few holidays that you can decorate after, not to mention the colors and accents that come with the fall season. It is important that you take advantage of what fall has to offer to help sell...
Attracting Potential Buyers!
Posted by Admirals Cove Homes on Sep 16, 2014 in Real Estate | 0 comments
The goal of any homeowner trying to sell their home is to attract as many potential buyers as possible. So if you are currently trying to sell your home the best way to attract as many potential buyers as possible is to boost its appeal and desirability. Here is a list from our experts on the top five ways to help you attract the most potential buyers that you possibly can. ) Price Competitively: The place to start when it comes to attracting the most potential buyers as possible is to price it competitively. Be sure to put in some of your own research and check out the comparable home sales for the past few months to help develop a starting place. But, by all means listen to your friendly real estate agent on where they believe the best price point for your home is. ) Boost Curb Appeal: Your curb appeal is what develops the first impressions potential buyers will develop about your home. Freshen up and boost your curb appeal to help attract more potential buyers. Start by driving by your home with some family and friends having everyone write down what they like and don’t like. Latter sit down and see what you need to fix, highlight, or get rid of. ) Clean, Clean, And Clean: Typically the cleaner a home is the better condition it will seem to potential buyers and the more attractive it will be to them. So be sure you clean your home until it sparkles and keep it that way until your home sells. This may be a very timely task so consider hiring a cleaning professional and setting up some type of schedule for regular cleanings. ) Set A Desirable Lifestyle: Another way that is very successful at attracting potential buyers is to set a desirable lifestyle. You want to make potential buyers fall in love with the potential of your home and this often means staging a desirable lifestyle...
Why Buying Is Better Than Renting!
Posted by Admirals Cove Homes on Sep 15, 2014 in Real Estate | 0 comments
A debate that needs to be settled here and now is the one on whether buying a home is truly better than renting one. Not only has owning a home long been a huge part of the American dream it is also far less expensive in long term than renting. ) Prices Are Rising: The median sales price for exiting single family home increased from 2012 to 2013 by over 11% the highest year to year increase since 2005. Our experts expect prices to keep rising steadily for the next several years making buying a home now a truly great investment compared to renting. ) Buying Is Cheaper Than Renting: According to the experts out there owning a home is currently around forty percent cheaper than renting. Even though rising mortgage rates and home price increases have narrowed the gap between them buying is still currently a great deal cheaper than renting one nationally. ) Mortgage Rates And Home Prices Are Increasing: As we said earlier mortgage rates are starting to increase and home prices are continuing to rise. Making now the best time for you to stop renting and buy a home. Not only is buying better than renting but according to the experts buying now is better than waiting. ) You Can Build Up Equity: When you rent a home with each rent payment you make you are just helping your landlord build his or her own equity. But when you own home with each mortgage payment you make you are helping to build your own equity, which is an investment you just can’t pass up. ) You Are The King Of Your Castle: When you rent a home there is always someone you must ask before you go making any major changes which can be a huge hassle when it comes to getting your home the way you want it. But when you own a home you can shape it and mold it to your desires....
Real Estate Definition Guide!
Posted by Admirals Cove Homes on Sep 14, 2014 in Real Estate | 0 comments
Our Admirals Cove experts have found that many people out there don’t exactly understand a lot of the commonly used real estate terms . So here is a list of definitions for some commonly used terms often misunderstood with people new to the real estate world. Pre-Qualification: Pre-qualification is given to buyers from a lender as a rough estimate of what they might be able to afford. It really says nothing to sellers about your ability to gain financing it just says the bank thinks you can. Pre-Approval: Pre-approval is given to buyers only after a lender has done some significant research into their financial history and agrees to loan them a certain amount. This carries a great deal more weight then pre-qualification. Down Payment: A down payment is the share of a home’s purchase price that a homebuyer pays upfront. The typical down payment for purchasing a home is currently roughly twenty percent or more. Price Appreciation: Price appreciation refers to the amount a home is likely to increase in value each year. However, price appreciation in unpredictable and can tend to be very volatile. Buyer Closing Costs: The closing costs associated with buying a home include things like mortgage points, title insurance, loan origination fees, escrow deposit, credit report running fees, appraisal fees, etc. Seller Closing Costs: The closing costs associated with selling a home include things like paying the real estate agents’ commissions, transfer taxes, title insurance fees, etc. Home Inspection: A home inspection is a complete examination of the current condition of a property. Done by an experienced and certified professional inspector. Your inspector will prepare and deliver you a comprehensive report on their findings. Home Appraisal: A home appraisal is the processes of evaluating the value of a property. Unlike a home inspection this is designed to determine fair market value not the condition of a home. Commission: A commission is the money realtors make for the work they do either selling your home...