RE/MAX Advantage I



Posted by RE/MAX Advantage I on 9/19/2019

When you think of your real estate budget, you should know that the more you spend on a home, the more overhead costs youíll face. Youíll need to pay for things like real estate agent fees, attorneys fees, and other closing costs. The more you pay for a house, the higher all of these fees will be since they are usually percentage based. So, the overarching question is how do you budget and find a reasonable amount of money to spend on a home? 


Prioritize


Your real estate agent may show you a myriad of homes across many different price ranges. Each property will have pros and cons. You can look at seeing these homes as an educational experience. Viewing properties could even help you hone in on what you want in a home. There are a few good reasons to look at homes above your budget range. 


Housing Prices Could Rise Or Drop


When housing prices begin to rise, people tend to believe that theyíll keep climbing. The panic couldnít be further from the truth. Eventually, the prices need to drop. The idea of buying a property and adding value is to make a bit of a profit back when you go to sell. You need to be prepared for anything when you head out to buy a home. Price changes will apply to you if you plan on living in your new home only for a specified period. If you donít have plans in your future to move, you may not worry about home value changes quite as much when shopping for a property. 


Mortgages End Eventually


If you plan ahead, you donít have to pay mortgages for the rest of your life. If you keep moving and taking out 30-year mortgages, you could be making mortgage payments forever. If the average family stays in their home for around a decade, that's not a significant amount of time. Here, youíll find a great reason not to max out your budget on a home. If you buy a less expensive house, you can get the mortgage paid off faster. You may even be able to take the mortgage out for a shorter term. Paying your home off more quickly allows your financial freedom. Itís simple, yet many people opt for a bigger house that they arenít planning on staying in, causing a bit of a financial headache.


You Need A Rainy Day Fund


If you avoid maxing out your budget to buy a home, youíll be able to save a bit for any emergencies that come up. You will be under less stress knowing that you have a little bit of money set aside in case your home needs major repairs, or you face a job loss or illness. In conclusion, itís never a good idea to max out your budget on a home purchase.                    





Tags: Buying a home  
Categories: Uncategorized  


Posted by RE/MAX Advantage I on 9/12/2019

You are required to get homeowners insurance when you purchase a home. You probably are so excited about buying a home that you neglect to learn the ins and outs of your policy. Unfortunately, there are many things that insurance wonít cover, yet many homeowners think that they are covered under their home insurance policy. Below, youíll find some things that are often not covered by your home insurance, even though you might think they are. 


Broken Pipes


While your home insurance will cover damage from water in your home (different than flood insurance), the policy probably wonít cover what it takes to fix broken pipes. Your best bet in this area is prevention. You should be sure that your pipes are insulated properly and that there is adequate airflow around the pipes in your cabinets.


Earthquakes


If an earthquake hits, youíre out of luck when it comes to your homeowners insurance policy. You typically need a separate policy to get earthquake coverage. If you live in an area prone to earthquakes, youíll need to inquire about specific policies to protect your home from this type of natural disaster.


Floods


Youíll also need a separate policy in the event of a flood. Homeownerís policies do not cover damage or losses caused by flooding. You can get optional coverage and this is highly recommended, especially if you live near a body of water or in an area thatís prone to flooding.


A Sewer Backup


If a sewer backs up, youíll face some serious damage in your home. Unfortunately, your homeowners policy will not cover this type of damage. The repairs can be hefty. If you wish, you can always add this type of coverage to your policy. 


Only Portions Of Disasters May Be Covered


If a hurricane hits, any damage that has been caused by the wind will be covered by your home insurance policy. If you face flooding, however, and do not have a flood insurance policy, youíll be out of luck. Without extra coverage, some natural disasters can be a special disaster for you and your wallet. 


Keep Up The Maintenance On Your Home


Itís important to understand what is and isnít covered by your home insurance policy. When you know how to prepare for different situations, it will make caring for and maintaining your home and your financial future a lot easier. If you prepare accordingly for natural disasters as directed, and perform proper maintenance on your home, your insurance policy should act in the best interest for you. If you happen to live in an area where you are prone to natural disasters, make sure you get the appropriate additional coverage that youíll need to protect you.





Posted by RE/MAX Advantage I on 9/5/2019

If you plan to sell your house, you should be proactive. Because, in most cases, a proactive home seller is a successful home seller.

With a proactive approach, a home seller can find unique ways to differentiate his or her house from the competition. That way, this home seller can boost his or her chances of a quick, profitable home sale.

Now, let's take a look at three best practices for proactive home sellers.

1. Upgrade Your Home's Interior and Exterior

Ensure your house looks great both inside and out. By doing so, you can guarantee your residence will make a long-lasting impression on homebuyers.

When it comes to improving your home's interior, it pays to mop the floors, wipe down the walls and ceilings and perform assorted home interior maintenance. If you need extra help along the way, you can always hire a professional home cleaning company as well.

To upgrade your home's exterior, you should mow the lawn, remove dirt and debris from walkways and perform any necessary home siding repairs. Remember, your house only gets one chance to make a positive first impression. And if your home's exterior dazzles, it will increase the likelihood that a buyer will want to set up a home showing.

2. Conduct a Home Appraisal

What you paid for your house a few years ago is unlikely to match your home's value today. Luckily, a home appraisal can help you set a competitive price for your residence from day one.

During a home appraisal, a professional appraiser will examine your home's interior and exterior. He or she also will evaluate assorted housing market data and use all of this information to provide a property valuation.

After you receive a home appraisal report, you should review the report findings closely. By leveraging all of the report data, you should have no trouble establishing a competitive price for your residence.

3. Work with a Real Estate Agent

If you want to be a proactive home seller, you need to work with a real estate agent. In fact, a real estate agent will do everything possible to help you accelerate the home selling process and ensure you can get the best price for your house.

A real estate agent understands the ins and outs of selling a home and will teach you about the home selling journey. Plus, he or she will learn about your home selling goals and guarantee you can accomplish your aspirations.

Perhaps best of all, a real estate agent is happy to set up home showings and open houses, promote your residence to potential buyers and negotiate with a buyer's agent on your behalf. And if you have home selling questions, a real estate agent is happy to answer them.

There is no need to take a wait-and-see approach to selling your home. Instead, use the aforementioned tips, and you can become a proactive home seller.




Categories: Uncategorized  


Posted by RE/MAX Advantage I on 8/29/2019

Getting pre-approved for a mortgage may prove to be a long, arduous process if you are not careful. Fortunately, homebuyers who plan ahead should have no trouble obtaining a mortgage so they can enter the housing market with a budget in hand.

Ultimately, there are many questions to consider as you assess your mortgage options, and these questions include:

1. What type of mortgage should I get?

The two most common types of mortgages are adjustable- and fixed-rate varieties. If you understand the differences between these mortgage options, you can make an informed mortgage decision.

An adjustable-rate mortgage generally features a lower initial interest rate than a fixed-rate option. However, after a set amount of time, an adjustable-rate mortgage's interest rate will increase.

Comparatively, a fixed-rate mortgage has an interest rate that will remain intact for the life of your mortgage. This means you will pay the same amount each month until your mortgage is paid in full.

When it comes to deciding between an adjustable- and fixed-rate mortgage, it pays to look at the pros and cons of both options. Remember, no two homebuyers are exactly alike, and a mortgage that works well for one buyer may not work well for another. But if you evaluate adjustable- and fixed-rate mortgages closely, you can make the best-possible decision.

2. What differentiates an ordinary lender from an outstanding one?

There is no need to settle for an "ordinary" lender as you pursue mortgage options. Instead, you should seek out an exceptional lender that goes above and beyond the call of duty to assist you.

Typically, an outstanding lender employs mortgage specialists who are ready to respond to any concerns or questions. These specialists can help you evaluate a broad array of mortgage options and decide which mortgage best suits your individual needs.

Don't be afraid to meet with several banks and credit unions, either. This will allow you to assess many lenders and select one that matches or exceeds your expectations.

3. Which mortgage should I select?

There is no one-size-fits-all mortgage that works well for all homebuyers, at all times. As such, you should conduct plenty of research as you explore your mortgage options. This research will enable you to analyze assorted mortgages and lenders and make the optimal choices.

Once you have a mortgage, you can move one step closer to acquiring your dream house. And if you collaborate with a real estate agent, you can receive expert support at each stage of the homebuying journey.

A real estate agent is a must-have for any homebuyer, regardless of the current housing market's conditions. This housing market professional can teach you everything you need to know about buying a house. Also, he or she can help you examine a vast collection of available houses.

Ready to kick off a house search? Get pre-approved for a mortgage, and you can enter the housing market with a homebuying budget at your disposal.




Tags: Buying a home   mortgage  
Categories: Uncategorized  


Posted by RE/MAX Advantage I on 8/22/2019

There are plenty of things to worry about around your home when you have kids. One of your top priorities should be safety for your kids. If you look closely, youíll find some hidden safety dangers around your home that should be addressed. The top culprits can be found described in detail below.


The Dishwasher


Your dishwasher is something that you probably use every single day. There are a few considerations that you need to make about the dishwasher when you have kids. First, the door should have a good locking mechanism. If the door to the dishwasher doesnít shut properly, all if takes is a little tap for the door to release and fall right on top of your child who is either walking or crawling around the house.


The other point to consider about a dishwasher is the actual contents of the dishwasher. Silverware, especially sharp objects, should be left pointing downward. This is in case the washer is left open and the child gets at it. You donít want sharp knives pointing upward that could cause an injury to your child. The detergent can also be a hazard to your child. Whether you are using pods, liquid detergent, or the powdered kind, all pose poison control risks and choking hazards to your kids. Keep the dishwasher closed and locked when it is not in use. Also, be sure to wipe down your dishwasher in case of any debris thatís left from your detergent. 


Ovens And Ranges


If your range or oven is not installed properly it could cause serious harm to your kids. For safety, be sure that ranges have anti-tip brackets installed. This way if the child leans on the stove or climbs it, the unit will not fall on them, posing the risk of serious injury. 


Wall ovens should be secured as well. Make sure that the door of the oven locks and cannot fling open easily. When cooking, use the back burners in stead of the front. You should also keep the pot handles turned inward so they arenít as easy for kids to reach.  


The Nursery


The nursery is where your child will spend a lot of their time. First, you should start with the crib. The crib needs to be firm and nothing should be in the crib other than the mattress and a tightly fitted sheet around the mattress until the baby is old enough. The crib should also be sturdy. Itís preferable to have a new crib for the baby as occasionally, hand me down cribs can be missing parts or have faced major amounts of wear and tear. The nursery should also be free from excessive cords and be equipped with window locks. This way, youíll be able to put your child to sleep with peace of mind.         








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