Best Renovations That Make Your Home Sell
While most home renovations bring a decent return on investment, some are better than others. When people are shopping for a home they tend to be more concerned about big ticket items more than little cosmetic things that can be easily fixed. Here are some of the best renovations that will make your home sell in Admirals Cove. Kitchen- A renovated kitchen is one of the best things that cane be done when it comes to return on investment. Buyers love to see updated appliances so when considering a renovation that will get your buyer’s attention, the kitchen is the way to go. Big ticket items- While the big ticket items aren’t usually the first thing to catch a prospective buyers eye, they are just as important as the more flashy items. People want to be able to move into the home and not have to worry about shelling out a lot of money for major work, especially after paying for the down payment and closing costs. The HVAC system and roof are the two biggest of the big ticket items that you want to make sure are in good shape. Go green- Many buyers these days want to move into a green home. Installing high-efficient upgrades will not only make your home sell faster but for a higher price as well. For more information on home listings in...
view the listing
How Mortgage Rates Affect the Housing Market
The number of people trying to buy for a home keeps increasing every month due to two huge factors. First, home costs are still comparatively cheap, and second, mortgage interest are still near all-time lows. But, because the demand for home ownership continues to grow, home prices and mortgage rates continue to rise. It’s clear that interest rates have an effect on home buyers. However, they also have an effect on the sellers as well. That’s why it is important for everybody to keep an eye on what rates are doing. On a $200,000 loan with a 30-year, fixed-rate mortgage, an interest rate increase of just 1% can add nearly $1,400 in annual costs and $42,000 over the life of the loan. That’s why real estate experts say the time to buy is now. However, for many buyers, that is easier said than done. There are so many people that want to buy right now that the increase in buyers have led to bidding wars, with many homes selling for more than the original listing price. As long as this continues, sellers will maintain control of the market. However, with mortgage rates on the rise, some prospective buyers are choosing to bail out and stop pursuing a home. As home prices and interest rates increase, the idea of buying a home becomes less attractive to some consumers, especially if...
view the listing
How Lenders Make Sure You’re Mortgage Worthy
When the housing market crashed several years ago, banks learned the hard way that they needed to be a little stricter when it came to approving mortgages. Borrowers started defaulting on the loans and it left the banks scrambling. As a result, banks have become much more conservative when it comes to approving a home loan. So how do banks determine if you are mortgage worthy in the new housing market? Well, they start off by looking at your credit score and your debt-to-income ratio. By doing this, they can determine whether you are a person that they want to loan their money to. The debt-to-income ratio tells the banks how much you can realistically spend on a mortgage each month, while the credit score tells the bank how you have historically handled your money. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
view the listing
Best Ways To Land a Luxury Home
In this new housing market, there is a lot of competition from prospective home buyers. With the competition it can make it difficult to purchase a home, especially a luxury one. Here are some tips to help you get the luxury home you have been looking at in Admirals Cove. Be aggressive- Once you find that luxury house that you are interested in, be aggressive with your initial bid. If you go to low on the initial offer, the seller might not consider you for the home. It’s a good idea to make an offer that is close to the asking price. Be prepared- If you want to get the seller’s attention, come to the table ready to buy the home. Make sure that you are already pre-approved for your home loan that way you can prove to the seller that you can purchase the home. It also helps if you already have a closing attorney picked out and ready to go. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
view the listing
Advantages To Performing an Energy Audit
If you have ever felt a breeze coming up from your door or have had an open air vent that didn’t blow out much air, then chance are your home has wasted energy. An energy audit is a way to make sure that your house is not wasting energy. Here are some reasons why it is a good idea to have an energy audit performed on your home in Admirals Cove. Saves money- While getting an energy audit will cost you money, the audit will pay you back over time. After all, wasted energy is wasted money. Many energy audit companies provide a savings calculator on their website so you can figure out exactly how much you are spending and how much you will save in the long run. Add value to home- Most home buyers want to know about energy use so they can figure out the monthly costs. Having energy efficient upgrades done as a result of the energy audit will immediately add value to your home. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
view the listing
How To Decide Where To Live
Finding a new place to live can be a very tough and stressful decision to make, especially if you are in a new marriage and it is your first home purchase. You and your spouse can have different ideas on what constitutes as the “perfect home”. Here are some ways to help in that decision making process and find the perfect Admirals Cove home. Communicate- One of the keys is communication. Talking about things like proximity to work, what is important to you in the home, and how much you want to spend are key components to deciding on where to live. Compromise- You are not always going to agree on everything, which is why it is important to compromise. By compromising, both people feel as though they are getting what they want. Creating a list and making note of what things you are willing to compromise on will make the process easier. For more information on home listings in Admirals Cove, contact Rob Thomson and the rest of the Admirals Cove team at (561) 743-0344 or...
view the listing