Posts with tag 'Homebuying advice'
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12
Applying for a Mortgage When You're Self-Employed
If you're self-employed and considering buying a home, our real estate agents are trained to help you through the maze of red tape associated with obtaining a mortgage. More than anything, you've got to have your paperwork in order, to satisfy the mortgage company's requirements. Being self-employed adds an extra layer to this process.
Lenders don't make special requirements for self-employed home buyers, although it may seem like it. Regardless of where you work, they ask for proof that you are financially solvent. This includes confirmation of steady income, a good credit rating, and a low debt to income ratio.
8
Home Buyers: Use This Final Walk-Through Checklist
Exciting thoughts of settling into your new home can distract you from the details you need to focus on during the final walk-through. While most major problems will be discovered during a home inspection, a final walk-through gives you a chance to go through the property once it's cleared out to verify that everything is in the condition you expect.
To help you during the final walk-through of your home, Our real estate agents have prepared this easy to follow checklist for you to print off and follow as you go through the property.
Before the Walk-Through:
- Print a copy of your contract and inspection summary.
- Grab a notepad, your phone, phone charger, flashlight, & light bulb.
- Confirm time with your real estate agent.
20
Home Buyers: Do This After You Receive a Home Inspection Report
When you were in school, a failing grade remained on your permanent record. Fortunately, as a home buyer, you don't need to despair if there less-than-favorable results on a home inspection report.
Our real estate agents have extensive experience helping buyers understand and work through common problems uncovered by home inspection reports on Augusta homes for sale. Take these proactive steps before deciding the report is a deal-breaker.
- Include a Well-Written Inspection Clause
Groundwork should be laid before the inspection even takes place. Many sale agreements provide latitude for a buyer to have an inspection completed, but there are no consequences for the seller. Make sure the home inspection clause includes recourse for a problematic report, such as renegotiating the price or walking away if you're not satisfied.
11
5 Tips for Successful Springtime Home Bidding
Birds are chirping and blossoms are beginning to emerge. Just as Mother Nature awakens from her long winter snooze, home buyers around Augusta, Maine are emerging from their homes to take a peek at the beautiful Augusta homes for sale this season. This can create competition for property and buying the home of your dreams requires strategic planning on your part. If you want to submit the right bid at the right time, the following are five tips for successful springtime home bidding we recommend.
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Secure Pre-approval Locally
Securing pre-approval shows the seller that you have the ability to purchase the home. This puts them at ease and gives you a little leverage to negotiate. When you secure the pre-approval from a local lender, you're likely to receive preference over competitors who have pre-approvals from online or out-of-area lenders.
Don't forget to polish your credit before you go in to secure a mortgage preapproval. Make sure that the information is accurate and that any discrepancies are addressed. It's also advisable to pay as much of your debt down and take steps to improve your debt-to-income ratio.
4
First-Time Buyers: How to Avoid Home Offer Anxiety
Buying a home is an exciting time for anyone, but the excitement and emotions for a first-time home buyer can be at an all-time high. From finding the perfect home to making your first offer, your emotions may get the better of you. It's important to channel those emotions into positive thoughts and use that energy to carry you through the buying process.
Fortunately, our real estate agents know a thing or two about buying anxiety, so we've put together this handy guide for how to avoid home offer anxiety.