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Empty Nester? 3 Things to Ask Before You Downsize to a Smaller Home

If you are about to become an empty nester–or even if you’ve been one for a while now–you may be thinking about downsizing from the family home. After all, bigger isn’t always better, especially once the kids are out of the house and you start to find you’ve got a lot more space than you know what to do with. The larger the home, the more time and money it takes to maintain.  Downsizing...

Your Debt-to-Income Ratio: What It Is and How it Impacts Your Ability to Get a Mortgage

Your debt-to-income ratio is one of the key factors in qualifying for a new home loan. But how much do you really know about this important calculation and what can you do to move it in your favor? Your debt-to-income ratio, or DTI, is used by mortgage lenders in making a decision regarding your worthiness for a home loan. If your DTI is too high, you could end up paying a higher interest rate or worse...

When the Offer Includes a Contingency: What Home Sellers Need to Know

When you’ve got your home listed, getting an offer can be exciting. And, in today’s market, it’s more likely you’ll be looking at multiple offers at one time. Comparing those offers can be a challenge, particularly when it comes to understanding the contingencies that you might see. Read on to learn what you need to know as the seller. Three common contingencies While these are common...

Escalation Clause: Love It or Hate It, Here’s What Homebuyers Need to Know

With buyer competition reaching new heights, it’s no wonder homebuyers feel they need to pull out all the stops to ensure their offer rises to the top. There’s nothing like the frustration of losing out on a house that checked all your boxes—especially if it turns out to be a matter of a few thousand dollars you would be willing to throw into the deal, if given the chance. Pursuit of the top...

What it Takes: Preparing to Make a Winning Offer on Your Next Home

It’s never fun to lose out on the house you had your heart set on. Unfortunately, when inventories are tight, that scenario can play again and again. The result of not being able to move when you want to can make the whole scenario very challenging. So, how do you get the edge over other buyers and land the home of your dreams?  As your real estate agent, there are a number of strategies and...

Numbers Game: What Credit Score Do You Need to Buy a House in Today’s Real Estate Market?

When it comes to credit scores and applying for a home mortgage, your first thought may fall to whether or not you qualify. But, your credit score not only plays a critical role in your ability to qualify for a home loan, its influence continues when it comes to your down payment requirements, interest rates and other mortgage terms. Here’s what you need to know: Minimum score to qualify The four...

Buyer Disappointment: Here are the Worst Reasons Not to Make an Offer on a Home

Yes, it’s a competitive world out there if you’re a homebuyer. But you can’t win if you don’t get in the game.  That’s not to say every house you look at is going to be worth making an offer. There are plenty of very legitimate reasons for not making an offer, such as serious structural issues or a price that is way over budget, to name but a few. But, let’s face it. Sometimes,...

Before You Shop for Houses, Ask Yourself These Six Questions

A home purchase is a major commitment–likely the largest purchase you’ll make in your lifetime. Before you get too far down the road to homeownership, you need to be sure you’re prepared for the home-buying process. To get started, ask yourself the following six questions: 1. Do you have verifiable income and employment? While it’s true that your mortgage lender will want to be able to verify your...

Here’s What Buyers Say Are the Biggest Challenges to New Home Ownership

Buying a home is an exciting endeavor. But, it isn’t without its challenges. If you’re thinking about making a new home purchase, whether this is your first home or your fifth, you may be wondering what buyers are saying about the process. What are the obstacles they found most difficult to get through?  According to the National Association of REALTORS®  2021 Home Buyer and Seller...

Keeping it Simple: Five Steps to Home Ownership for First-time Homebuyers

The real estate process can seem complicated, especially if you’re a first-time homebuyer. The thought of dealing with tight inventories, financial requirements and complex negotiations can seem almost an insurmountable challenge. It’s enough to make your head spin and leave you wondering where do you start? Where do you turn next? Wouldn’t it be great if the whole process could just somehow be...

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