Fall might be the best time to buy a house according to data details on Realtor.com®. Buyer-friendly conditions include more listings, lower prices, price cuts, and less competition. Buyers don’t have to move quite as quickly as they do in the peak of the spring and summer buying season. That can be especially good for […]
The Best Properties Aren’t Always the Best Looking When searching for a house, remember that the best properties aren’t always the best looking. A picture is worth a thousand words, the saying goes. But what that saying doesn’t mention is that a picture can hide cracked floorboards, busted boilers, and leaky pipes. So, while it’s […]
Pricing a home is both art and science. To understand what will inform your agent’s pricing decisions and prepare to bring your own educated input to the conversation, you have a few resources at your disposal to figure out where your house stands among the crowd: a listing agent’s expertise and guidance, plus online property […]
At the home inspection, it can cause almost as much anxiety for you as a seller as it does for buyers. Most purchase agreements are contingent on a home inspection (plus an appraisal, which will be managed by the buyer’s lender). This gives allows the buyer to inspect the home from top to bottom and […]
You can prepare with for the mortgage preapproval process with these four steps: Obtain a free credit score: A credit score of at least 620 is often recommended in qualifying for a mortgage, though higher scores can benefit you with the loan amount and interest rate. But some lenders will approve borrowers with lower scores. For […]
The top five reasons lenders reject mortgage applications, according to the National Association of REALTORS® “2024 Profile of Home Buyers and Sellers” are: High debt-to-income ratio: 40% Low credit score: 23% Income was unable to be verified: 12% Not enough money in reserves: 12% Insufficient down payment: 9% Check out below to see what sold in […]
You might wonder how much mortgage you can be reapproved for when applying for one. The amount a lender will preapprove you for will be based on multiple factors including: Income: Your gross monthly income and any other income you receive. Credit score: Higher credit scores — 700 or above — tend to qualify for larger loan […]
What does it mean to get preapproved for a mortgage? Mortgage preapproval requires a lender or mortgage broker’s thorough review of your finances to determine if you qualify for a mortgage and for how much. Many people think they are good to buy because they make a certain amount of money, but there is more […]
A title inspection of a home could show unresolved liens or legal disputes over the property’s ownership. Options include: Ask the seller to clear the title before closing — for example, by paying off any outstanding lien or resolving any legal disputes involving the property. Wait for the title to be cleared before proceeding. Ask […]
When closing on a house, contracts typically close within 30 to 60 days. In that time, you’ll need to accomplish certain things: resolving contingencies outlined in your purchase contract, meeting contractual deadlines, getting your financing ready, and making sure paperwork is in order. Your agent will] help you navigate the timelines and stay on top […]
