Step 2 – Buying a Utah Home – Financing and Budgeting

Realty Experts Utah

Step 2 – Buying a Utah Home – Financing and Budgeting

Once you decide that you want to buy a house, now we have to figure out how to pay for it. Before you go to a lender, sit down and determine what your budget is and how much per month you are willing to pay for a mortgage payment. This is very important to know first. In a addition, prioritize your budget in what is most important to be paid first. Reason being, if you find the perfect Utah home for $50 a month higher than budgeted, then maybe the $50 Slurpee budget may have to go. Priorities are very important to revisit with each decision.

Once, you know your budget then sit down with an experienced loan officer. (Preferably some one who has been in the business for a long time through the good and bad.) Here they…

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4 Things Buyers Can Do To Minimize Surprise

Andria Allen

When people say they hate surprises, it’s a little bit like when someone says they don’t like change. Most people actually love change and surprises – so long as the changes are pleasant or they perceive the surprises to be in their favor.  It’s really only unpleasant surprises that agitate, irritate and frustrate the average person.

This is true in life – and it’s certainly true in home buying.If your agent surprises you with dozens of homes that have amenities far beyond your wish list for $50,000 below your budget, I’m sure you’ll find a way to make peace with that. But if you get a call from your mortgage broker the day before you have to bring in an extra $3,000 more than you expected, chances are good you’ll be disgruntled, at a minimum. Fortunately, that means that there is actually a pretty short list of unpleasant surprises which…

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The Legal Processes Of Buying A House

5 Biggest Home Inspection Mistakes

I Heart Homes

Just like cars, your home could be a Lemon! Unlike a car, your home is usually your biggest and most important purchase, so why wouldn’t you want an inspection?

The following article speaks about the importance of Home Inspections, common pitfalls, and buyer mistakes.

http://www.bankrate.com/finance/real-estate/5-biggest-home-inspection-mistakes-1.aspx

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How Much Do I Need?

“How much do I need?” is the second article of my series title The First Timer. While there are a few specific loan types that allow 100% financing, they will be covered at another time. Those loan types are USDA, VA, 80/20 or 80/10/10 loans. It is important to note that although they allow 100% financing, it doesn’t mean you can’t have any money and get into a home. There are certain criteria you must meet and certain asset levels you must be at.

Down Payment: This is one of my favorite questions. The bare minimum for FHA and Conventional loans is 3.5% of the sale price to put down. This is your skin in the game. While 3.5% is the minimum down, mortgage insurance will be required and your rate will be higher to reflect the increased risk. While you have to pay mortgage insurance whether you…

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Step 3 – Buying a Utah Home – Understand the Process – Utah Realty Experts

Realty Experts Utah

Always understand the process before you ever see a home. The main reason is buying a homes can be exciting. So exciting, that once you find a house you like then all you care about is getting that house. Before you know it you are signing papers you have never seen, writing a check to who knows and then hoping in 30 or 40 days that someone will hand you a key.

This is not how to buy a house. Without the proper information in the beginning, then you are about to go on an emotional roller coaster. It is very important to sit down with a real estate professional and understand the whole process.

Here is a small list of important and needed questions:

1) What is a Short Sale and how do they work? Is it realistically possible to actually get one?

2) What is a HUD home…

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5 Tips for Selling Your Home During the Holidays

minnrealtors

Selling Your Home During the Holidays

The holiday season is often considered the worst time to sell your house. While selling in the snowy months may feel like the equivalent of receiving a lump of coal in your stocking, the season does have its advantages: holiday buyers tend to be more serious and competition isn’t as intense with fewer homes on the market. If you are indeed set to sell, then put on your best holiday sweater and cheerful smile as you follow these 5 tips for selling during the holidays.

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How to Remove Foul Odors from Your Fridge

Alan And Heather Davis

If your refrigerator loses power or remains off for a long time, it will usually develop a horrible smell that results from spoiled foods. Getting rid of the odor can become anightmare, as rubbing and scrubbing might remove the stains, but not the lingering smell.  Do not despair, however, if your refrigerator develops a bad smell because there are ways to eliminate it.

Below are proven methods for removing bad odors from refrigerators in an easy and inexpensive way:

1. Remove all items from your fridge. Separate and throw away spoiled food products because they will contain an ecosystem full of microorganisms that can spread to other foods. Put the good food in a cooler while you clean the refrigerator to make sure they don’t get spoiled during the cleaning process, too.
2. Keep track of the expiration dates of your food.  Label them with the date you bought or prepared them…

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Tips for Keeping Your House Clean While it is Listed

St Louis Buy and Sell

Keeping You House Tidy when you are trying to sell your home can be a daunting task.  

Below is a list to help you keep things organized so you are not stressed during he process and are ALWAYS prepared for a showing.

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FIRST TIME HOME BUYER | PROCESS OF PURCHASING

Real {estate} Talk

You’ve decided it’s time to stop renting and make the leap into home buying – congratulations! Where do you begin? Frequently a new buyer will approach me and say “I can afford a $150,000 House”. I then ask if they been pre qualified for that amount. Typically the answer is no. So this is where you begin…with the end in sight.

Many buyers will contact the loan officer at the bank they have already been established with. However, it’s a good idea to shop around. I like to give my customers options! Compare interest rates, terms, and see what types of loans different lenders offer. Typically I give my customers 2-3 lenders to contact so that they know all the options available.

The lender will collect your financial information so that a determination can be made as to a whether or not they believe they will be able to give…

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