Take a look at this spectacular 5 bedroom, 3 bathroom, ranch-style home located in the desirable Ridges subdivision. You'll have 3,159 square feet of living space including a fully finished lower level! This custom built home features attention to detail throughout, from the upgraded trim and solid doors, to the gourmet kitchen with granite counter tops, and built-in bookshelves surrounding the great room fireplace. Enjoy evenings spent in the spacious four-seasons room and summer barbecues on the deck overlooking the professionally landscaped, private and secluded backyard. Schedule a showing today!
The Mortgage Corner with GreenState Credit Union: The Process of Buying & Selling a Home at the Same Time
Buying or selling a home can be stressful. It's not just about finding the perfect property to move into or finding the right buyer for your current home; it's about timing it right, qualifying for loans, and managing finances. And when these two significant life events happen simultaneously, the stress can be overwhelming. But don't fret. With the right preparation and guidance, you can navigate through this process smoothly. Here are a few tips to think about as you consider your next home purchase.
Getting Your Finances in Order
The first step in this journey is to get your finances in order. This includes understanding your current
The Mortgage Corner with GreenState Credit Union: October is Financial Planning Month!
Did you know that October is Financial Planning Month? If you haven’t taken stock of your finances lately — specifically your household budget — it’s the perfect time to do so. A good household budget can help you better manage spending and save for your financial goals, like buying a home, paying off debts, or even just taking a much-needed vacation.
Are you ready to update your household budget this month? Take these steps:
Know your after-tax income. Before you can create a smart budget, you need to know how much money you’re bringing in each month after taxes. This will, of course, include your salary, but any extra income should be considered as
There are Plenty of Buyers Active in Today's Market
Source: KCM
Are you holding off on selling your house because you think there aren't any buyers out there? Data proves just how active buyers still are today, even with higher mortgage rates.
The ShowingTime Showing Index is a measure of buyers touring homes. It shows they're actually a lot more active that normal. This proves buyers still want to buy and those who can afford to move today are doing so.
"Interest rate hikes continue to further cut into buyers' purchasing power, although they appear to have adapted to the higher mortgage rate environment..." Danielle Hale - Chief Economist, Realtor.com
If you are thinking of buying don't delay your plan to sell for fear of no one
When you live in a home for such a significant amount of time, it’s natural for you to experience changes in your life while you’re in that house. As those life changes and milestones happen, your needs may change. And if your current home no longer meets them, you may have better options waiting for you.
Consider the Equity You’ve Gained
And, if you’ve been in your home for more than a few years, you’ve likely built-up substantial equity that can fuel your next move. That’s because you gain equity as you pay down your loan and as home prices appreciate. And, the longer you’ve been in your home, the more you may have gained.
Data from the Federal Housing Finance Agency (FHFA)
3 Reasons Why You Should Not Trust Your Zillow Estimates
If you are looking to sell and are basing the price of your home off what you see on Zillow, you are going to want to reconsider. Here are three VERY important reasons why you should not trust that Zillow estimate.
Zillow is NOT Local - Zillow takes a general price of homes in your town/city and generates a home value from there.
Missing Home Features - This one is BIG! Zillow has never been inside your home or around your neighborhood. Zillow is missing some MAJOR details, features or updates that can contribute to the price of your home.
It is Computer Generated - Zillow is taking the very basic information and generating a price from there. When attractive details
The Mortgage Corner With GreenState Credit Union: What is an Escrow Analysis?
To understand what an escrow analysis is, we must first understand what an escrow account is.
An escrow account is an account established at the time of mortgage closing to hold the property taxes and insurance premiums. When an escrow account is established the monthly payment due from the borrower will include the actual loan principal and interest, plus the monthly equivalent of the property taxes and insurance premium for the home. When the taxes and insurance items are due, they are paid by the mortgage lender from the homeowners’ escrow account.
Now that we have that understanding, let’s walk through what an escrow account analysis is.
Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.
Challenge #1: The Reluctance to Take on a Higher Mortgage Rate
According to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):
But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put
Crossing the Finish Line. What You Can Expect When Closing on Your Home and Conducting the Final Walk-Through
You are almost there! After you accept an offer on your home, the closing process begins. Your agent will start the process of obtaining the abstract to your home and making sure that all documents needed for closing have been prepared.
The Final Walk-Through
The buyer and the buyer’s agent will conduct a final walk-through of your home. Prior to closing, they’ll coordinate a time to perform the final inspection of the home.
What buyers will be looking for?
Buyers want to see that the repairs they requested have been made and that the home is in the same condition it was when their offer was accepted. Though you aren’t
Selling your house is no simple task. While some homeowners opt to sell their homes on their own, known as a FSBO (For Sale by Owner), they often encounter various challenges without the guidance of a real estate agent. If you’re currently considering selling your house on your own, here’s what you should know.
The most recent Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) surveyed homeowners who’d recently sold their own homes and asked what difficulties they faced. Those sellers say some of the greatest challenges were prepping their home for sale, pricing it right, and properly managing the required paperwork, just to name a few.