When someone is ready to buy, they often hop in their car and start browsing the local housing stock for their new home. It can be an exciting venture, especially when you’ve found a few in your price range.
But what is your “price range,” really? Do you know what that corner dream house with the covered patio and finished basement will cost you each month? The truth is, the sticker price in the homebuyers guide is just a part of the total housing cost and doesn’t take into account all the other costs and criteria that a lender will be considering when you apply for a mortgage loan.
There are distinct questions a lender has to answer before they can determine what a mortgage payment is going to look like. We’ll discuss these elements over the next couple installments, but for now… we will start at the beginning.
When it comes to buying and selling real estate, it’s vital to have a great supporting team – not only for your clients, but also for you the Realtor®. You need to be able to rely on your team to get the job done efficiently and effectively, so that your clients have a smooth transaction and transition process. If they do, they are more likely to refer you in the future.
It’s no secret the home buying process can be challenging and cumbersome, even for those who have previously owned a house. Unfortunately, many people make the mistake of trying to figure things out as they go rather than following the appropriate steps to homeownership. Continue reading →
It’s no secret the Mahoning Valley has faced its share of economic challenges. However, an incentive program offered by the State of Ohio takes aim at addressing the issues that have plagued the region for so long. Continue reading →
50+ million people from New York City to Cleveland, Ohio were left in the dark in the largest blackout in United States history. We fell in love with a clown fish on the big screen in Finding Nemo. And, oh yeah, Apple® launched a little thing called iTunes®.
This was 2003. The same year the federal government established the National Do Not Call Registry. It’s that list where you can register your phone number (you can register your number here), putting a stop to those pesky telemarketers and prerecorded voice messages from tying up your landline phone (the days before smartphones). The idea worked… for a little while. Continue reading →
Well, six reasons actually. AmeriFirst has an exclusive $2,000 R2K Grant!
Are you feeling cramped from the hustle and bustle of city life? Perhaps living out in the ‘burbs’ isn’t what you thought it would be. If either of these are the case, then we have the remedy for you and your family.
The stereotype is millennials are lazy and entitled. But, that’s far from the truth. In fact, this group of tech gurus, social media specialists who have a knack for food and culture are driven to making a difference in the world. Our way of living and doing business has dramatically changed due to the technology inspired and developed by this largest living generation. But, when it comes to finances, millennials may experience some challenges to building a nest egg.
Shipping containers; you seem them, a lot. From on the road to rail and water, these large steel containers appear as giant Lego blocks, packed with goods that keep us and the world moving. It brings us to the question, have you thought about what’s inside of them? Or better yet, did you ever imagine living inside of one? Okay, chances are the idea has never crossed your mind, but calling a container home is very real.
Think creatively: don’t worry about what a listing ‘should’ look like
Identify the key advantage of renovating this house, then turn it into an attention-grabbing headline
Write an opening statement that gets to the point – a sentence or two should do it
Sell emotion with your copy – describe the ‘home’, not just the ‘house’
Accentuate the positives and focus on the potential
Create urgency with a closing call-to-action
How are renovation listings different?
Listings for homes with perfect foundations, new roofs, gorgeous gardens and all the modern amenities practically write themselves. So, how do you spin sweet poetry about a property that needs some TLC?
The first step is to ditch any preconceived notion you may have about what a property listing should look like. Lately, it seems like most listings are just a quick paragraph listing the property’s features. Yet, if your property is ripe for a renovation mortgage, describing features like, “Roof needs replaced, windows are drafty, paint chipped throughout, and hole in the bathroom floor,” won’t whet anybody’s appetite.
With an attention-grabbing headline and the right descriptive copy, your listing will attract the right audience and will clearly communicate why this property is worth the time and investment to renovate.
In my last post, I discussed what drives a lending decision. I also want to take a look at payment ratios/formulas and how they impact the total monthly payment for a home. The dirt is in the details…let’s consider buying a house.
Whenever my team works with a client, maybe the most frequently asked question is, “How much will this house cost me every month?” It’s understandable….a necessary question. Buying a home is a huge financial investment. Not to mention one of the most important financial decisions a person will make. I find many clients are under informed about what home ownership truly costs.
The mortgage loan is simply one variable in the grand scheme of things. Instilling confidence by providing “how to” details is important…with financial clarity comes less anxiety.