Admirals Cove Blog
How To Buy A Home Faster!
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 you hire the right realtor for the job. It is crucial that you hire an experienced professional who a specialist in the area you are interested in. This will afford you the knowledge and expertise needed to get your home purchase done smoother and faster. These are great tips for a faster home purchase for any homebuyer not just the ones buying the fabulous real estate in Admirals Cove. So please consider sharing our article...
read moreTop Ten Fall Home Selling Tips!
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 your home. Clean, Clean, And Clean Again: The cleaner you can make your home the better maintained it will seem to potential buyers and the more appealing it will be to them. So it is extremely important that you ensure your home is sparkling clean and maintain it the best you can until your home sells. Stage It To Sell: Staging a home is one of the best home selling tricks for any time of year and especially so during the fall home selling season. Staging is a very effective way to increase the desirability of your home to potential buyers making it a great home selling tool that you should be sure and utilize. Always Think About Safety: As a homeowner you probably think that your home is safe and secure. But the home selling process is a totally different beast and you need to treat it that way. You will have many strangers coming in and out of your house so you need to be even more cautious about your homes security. Be Prepared To Move: It is extremely important that you are ready to move if and when your home sells. Your move will run much quicker and smoother if you prepare for it in advance. You will eliminate a lot of the stress of this impending...
read moreAttracting Potential Buyers!
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 throughout it. From the interior to the exterior of your home you need to set a very desirable lifestyle that will attract the most potential buyers. ) Add Incentives: A very effective way to generate a great deal of interest in your home is to incorporate some incentives with it. There are a variety of ways you can throw in some incentives and make a difference. Items like a pool table or home theater system all make great incentives or even offering to pay closing costs can really boost the desirability of your home and attract potential buyers. These are great tips for any home seller on how to attract potential buyers not just the home sellers selling the fabulous real estate in Admirals Cove. So please consider sharing this article...
read moreWhy Buying Is Better Than Renting!
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. ) You Enjoy Many Tax Advantages: By renting you afford yourself little to no tax advantages. However, with buying and owning a home many expenses such as interest and other things are tax deductible. Affording you with numerous tax advantages that really make homeownership extremely desirable. These are great reasons for any potential homebuyer why buying is better than renting not just the potential buyers of the highly sought after real estate in Admirals Cove. So please consider sharing this article...
read moreReal Estate Definition Guide!
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 or helping you purchase one. This is typically a percentage of the homes selling price split between both agents. Mortgage Term: The term of your mortgage is the length of your mortgage, meaning the amount of years until your mortgage will be paid off. Typically you will find mortgages with 15 year and 30 year terms. Interest Rate: An interest rate is the rate a mortgage borrower will pay interest to a lender for the right to use their money. It is a percentage of the loans principal generally paid a certain amount of times per year. Property Tax: A property tax is the levy on a property that a homeowner pays to the area’s governing authority. This can be levied either by the national government, state, county, or...
read moreHiring The Perfect Realtor To Sell Your Home!
Selling your home is one of the largest and most important transactions that you will ever make in your lifetime. Due to the enormity of this experience it is critical that you hire the perfect realtor to help guide you through it. So our experts have developed some great advice on finding the perfect agent to sell your home. Finding Potential Agents: Ask For Recommendations: A great way to find the perfect real estate agent is to ask your family and friends for recommendations. If one of them has had success recently with a particular agent they are good choice to put in your pot of potential realtors to hire. However, remember just because your friend or family member had success with them doesn’t mean you will so be sure to check them out further before you go hiring them. Research Realtors Online: Another great way to find potential realtors is to go and do some research online. Go online and look up local area real estate agents for selling homes comparable to yours. There is also some very effective agent finding tools out there on the Internet like Trulia’s “Find a Real Estate Professional” that you might find useful in locating and contacting trustworthy potential real estate agents. Tips On Choosing The Right One For You: Check Out Their Online Presence: Experts say that the majority of homebuyers today start their home search online. Plus a good online presence will increase the reach of your home to potential buyers. That is why you need to check out your potential agent’s online presence to ensure it fits your needs and wants. Check Out Their Current Listings: It is important for you to ask your potential agents for data on their current listings. This data can deliver you a lot of information on how many clients they currently have, how long their listings have been on the market, and so much more that can help you make a decision. Contact Their Recent Clients: One of the best ways to get the down and dirty on each of your potential agents is to contact one or two of their recent clients. This might seem like a hassle but these people can really provide you with information on your potential agents that you truly just can’t get anywhere else. Interview Them In Person: it is imperative that you have a sit down with each and every one of your potential agents in person and not just over the phone. This will really help you get a better understanding of who they are and how they operate. Remember this person is going to be representing you and your home to potential buyers. This is great advice for any home seller looking to hire a realtor not just the home sellers of the beautiful real estate in Admirals Cove. So please consider sharing this article...
read moreTop Ten Home Buying Tips!
Get Pre-Approved: When buying a home these days unless you plan on using cash it is imperative that you get pre-approved for your home loan as soon as possible. Most sellers’ agents won’t even talk to you unless you have a pre-approval letter. Do Your Homework: The success of your home buying experience will be determined on how prepared you are for it. It is important that you take the time to do your homework on everything from whom you hire as an agent to what the current market trends are. Know What You Want: The only way to start off a successful home buying experience is to know exactly what you want in a home. Knowing exactly what you want will help your realtor filter through all those potential possibilities out there to find the right home to fit you perfectly. Utilize Professional Help: It is imperative that you utilize professional help when buying a home. The knowledge and expertise of a realtor will prove to be invaluable through out your entire home buying experience. Interview a few potential agents and be sure the one you choose fits you and your situation best. Get Legal About It: A great home buying tool that is often neglected by homebuyers is the use of a real estate attorney. The security and safety that comes with a real estate attorney makes the home buying process run much more smoothly and stress free. Don’t Get Emotional: It can be very easy to allow yourself to get caught up in the excitement of the home buying experience allowing your emotions to take control. But it is crucial that you stay calm and in control keeping emotions out of the home buying experience. Keep An Open Mind: Even though you need to know exactly what you want you also need to keep an open mind. An open mind is critical when purchasing a home so be open to any ideas and suggestions from your real estate agent, because you never know what you will fall in love with. Be Prepared To Compromise: Compromising is huge in home buying and is needed in everything from the features and amenities of your home to the way you tailor your offer to the seller. For you to have a successful home purchase it is very important that you are prepared to compromise. Always Get An Inspection: It is vital that you never buy a home without getting an inspection first. You may think you can do it yourself but no matter how experienced a homebuyer you are, your eyes are just not as good as a trained home inspector who has the professional eyes needed for the job. Buy Homeowners Insurance: Another home buying tool that is underused by way too many people is homeowners insurance. Homeowners insurance covers you the homeowner on a wide variety of things that might happen These are great home buying tips for any home buyer not just the buyers of the beautiful homes in Admirals Cove. So please consider sharing this article...
read moreTop Ten Home Selling Tips!
Know The Market: Being an informed home seller is extremely important for a successful home sale. So before you go listing your home for sale it is important that you take the time to get a good understanding of the current market. If the market meets your home selling requirements then continue with your sale. Boost Your Curb Appeal: Your curb appeal will help determine the first impression that potential buyers develop about your home. Poor curb appeal can even turn off potential buyers are stop a home from selling all together. So it is important that you boost your curb appeal as much as possible. Make Necessary Repairs: It is critical that you make any and all of the repairs your real estate agent has pointed out and says are necessary for a successful home sale. You may be thinking the buyer won’t see that or look there but believe me if they don’t their inspector will. Stage Your Home To Sell: Staging is a great tool that you should consider using when selling your home because it will boost its appeal and desirability to potential buyers. But remember staging isn’t just for the inside of your home so don’t neglect the exterior when it comes time to stage your home for sale. Clean It Until It Sparkles: The cleaner a home the better maintained it feels to potential buyers. So it is important that you clean your home until it sparkles and maintain it until you sell. This can be a big task so consider hiring a professional for a regular cleaning. Clear Out All Clutter: You need to clean out and pack away any and all clutter from your home. This might be a good time for you to consider sorting through all of this stuff keeping only the stuff that you really need and throwing away or donating everything else. De-Personalize Completely: In order to appeal to as many potential buyers as possible it is crucial that you de-personalize your home as much as you possible can. This includes everything from your family photos and religious items to the color of the paint in the bedrooms. Utilize A Professional: It is a proven fact that homes sell quicker and at a higher price when sold using a real estate agent versus for sale by owner. Plus the knowledge and experience of a real estate agent removes a great deal of the stress involved with the home selling experience. Price It Right: Setting your asking price right is critical for a successful home sale and the mistake of pricing your home wrong can fail your home selling experience from the start. Buyers are more knowledgeable than ever before and in order to be competitive you need to price your home right from the start. Leave Something Behind: A great way to set your home apart from the others and really infuse it in the memory of your potential buyers is to leave something really great behind to come with the house. Like if your home is in a golf community maybe you leave a golf cart behind for your buyer. These are great home selling tips for any home seller not just the sellers of the fabulous real in Admirals Cove. So please consider sharing this...
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