Understand Your Mortgage

When it comes to buying a home, do you know how much loan you can handle? For most people who are looking to buy a home, applying for a loanrow-of-homes-san-francisco is not new, but navigating the financial world can be kind of tricky.

Before you apply for a home loan, taking time to check your FICO score is important. Depending where your credit score is can have a huge impact on the kind of loan you get and if you
even qualify for one. Any credit score above 720 usually qualifies for good rates. Talk to your loan officer about what your credit score qualifies for you.

Another important term to understand is debt-to-income ratios.When it comes to mortgage loans, the general rule of thumb is avoid dedicating more than 28% of your monthly take-home income. In mathematical terms, if you are taking home $50,000, you should avoid paying more than $1,166 per month toward your home (i.e. $50,000 x 0.28 = around $1,166). Again, if you have any questions or concerns, talk to your mortgage lender who will be able to answer all your questions.

As you move forward with buying a home, remember to consider future expenses. Don’t spread yourself too thin where you can’t pay your bills or save for your retirement. Talking with your loan officer and real estate agent to help you find the right home for you at the right price.

Give me a call today and let me help you find your dream home today.

Homeowner Trends for 2015

Are you considering a remodel? Do you want to make your home more trendy? Are you looking to buy a home that is more up to style? Just curious to know what is popular? Wherever you stand on the topic, there are a lot of fun thing going on in real estate.

The first thing, and not surprising, is a home with storage space. Homeowners are looking for specialized storage in their homes where they can store things in a more. Walk-in closets and large pantries are other popular aspects to have in your home for maximized storage.

Having open spaces in your home is another growing trend especially among the younger crowd. People like having more room to socialize and entertain in their homes. Not ready to start knocking down walls? There are many tips and tricks to open up any space.

Include a fireplace or fire-pit into your home or landscaping design for is great to add warmth, ambiance, and romance. If you are trying to decide between a wood burning or electric fireplace, here are some pros and cons to consider.

In the end, no matter what the recent trends are, pick a home that you love and fits your lifestyle. What are some aspects in your home that are important to you? What do you love? What do you hate? Having a clear idea on what you are looking for, can help make the home-buying process a little easier.

Ready to buy or sell? Give me a call today and let me help you find your next dream home.

What Season is the Best Time to Sell?

 27470db8-2e06-4d3a-a134-055ac1b281c1Living in Utah there is a lot of beauty to the every changing seasons. No matter  the time of year, Utah has a variety of family friendly and fun things to do. However, choosing which season is best to sale your home is another matter. Many would probably argue that spring is the ideal time, but a recent Redfin study might change your mind.

According to the study, 39% of the homes listed in the spring went under contract in the last 30 days and 15% sold for more than the list price. Whereas 38% of homes listed in the winter sold within 30 days and saw 14% of those homes sold for more that list price.

If you are ready to sell your home, give us a call and let us assist your find your next dream home.

 

Benefits of Working with an Agent

Spring is right around the corner and with the warmer weather, people more inclined to buy a new home.

What some people don’t realize is when working with an agent, most clients actually end up with more money in their pockets and have less stress during the whole home buying experience.

Hiring a Realtor is free for home-buyers since sellers are the ones who pay their commission. For some people, there is an appeal of going it alone but there are a lot of benefits of working with an agent. One of those perks, when you work with an agent you will have more exposure on your home which can lead to more offers and more money.

To help market your home, Realtors use a Multiple Listing Service (MLS) which allows them to view homes right as they go on the market. With various fields, agents are able to narrow down on exactly what you are looking for to help you find your dream home before someone else does.

Home-buyers aren’t the only ones who benefit from working with an agent. Sellers also have an advantage to using a broker. In 2013, 18% of sellers reported the most difficult task was performing and understanding the paperwork; 14% said it was difficult to know if they were getting the right price for their home.

On average, a home sold for $230,000 with an agent compared to $184,000 when selling directly by owner.

Why not give us a call today and find out what we can do for you. We are committed to making sure you get everything you deserve.

The Role of a Real Estate Agent

CardWhen it comes to being a real estate agent there is a lot of time and energy that goes into being successful. The role of an agent is to serve others. Sometimes when people call looking for an agent, it can be under stressful circumstances such as a death in the family, job promotion or divorce. It is important for an agent to understand and relate to their clients and how they can best serve them.

Communication is key. You need to be able to build trust with your clients, know your product and your strategy. When it comes to being a great agent, you need to be responsive and available 7 days a week. Agents often work nights and weekends showing homes, setting up open houses, and marketing properties.

An agent’s job is to know the markets they work in and be able to answer all the client’s questions and concerns about school districts, zoning, expansion and so much more.

Although the role of agent can be demanding, there is a lot of reward to helping someone sell or find the perfect home for them.

Share your thoughts. What do you look for in an agent? How did having an agent benefit you?