Sunday, September 15, 2019 / by Shannon Eagan
You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders.
But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.
The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.
The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you pu ...
Saturday, September 14, 2019 / by Shannon Eagan
You've narrowed down your wish list, viewed many homes, and finally found your perfect fit! Time to take the leap and make an offer!
This can be both incredibly intimidating and exponentially exciting. So, how can you throw your hat into the ring with confidence? Here's what you need to know to make an offer like a boss!
Determine Your Price Limit.Work with your agent to determine if the seller's listing price is fair based on similar home sales in the area, interest in the home, time on the market, etc. Next, figure out the max offer price you are willing to reach that isn't too financially taxing and settle on what your starting offer price will be.
Add Contingencies.Any home sale generally comes with a set of contingencies that must be met before it can be completed. These can include inspections, repairs, appraisals, and more. These need to be selected carefully, as an offer with too many may be less appealing to the seller.
Set Your Settlement Date.When you submit an offer, yo ...
Friday, September 13, 2019 / by Shannon Eagan
Not only does owning a home build future wealth, but it provides you with tax savings, overall happiness, and roots in a specific neighborhood, street, or area!
Not to mention, when you own a home, you can paint a wall, change the backsplash, or do any general upgrade you want without having to ask permission or waste your hand earned money.
If you want to plant your roots, call our office at 704-467-8877 today!
Thursday, September 12, 2019 / by Shannon Eagan
Ever wish you could become one of those rare morning people? The ones that wake with a start, feeling refreshed and energized. The ones that get in that morning workout or wrap up some work before many of us even hit the snooze button for the first time. Here are five tips to help you achieve that early bird status!
Create a morning schedule. Physically write down the things you’d like to complete in the morning and set a time for each. Then stick with it. Once you force yourself out of bed early one or two weeks consistently, you’ll find it gets easier and easier to do.
Let the light in. Whether natural or artificial, light tells your brain its time to get up and get going. If your room lacks large windows where you can open the blinds up, consider investing in a timed lamp or alarm clock with a light.
Prep and eat breakfast. Although there are many of us who chose the skip breakfast, it is key to perking up your energy in the morning. Try prepping protein-focused m ...
Wednesday, September 11, 2019 / by Shannon Eagan
When you’re getting ready to list your home, it’s of the upmost importance to ensure you are showing it in the best light. Taking time to highlight its strengths and fix up some of its possible weaknesses can make a big difference in how fast it sells. Here are our top five recommended repairs to make before selling your home.
Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.
Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing them. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!
Refresh the landscaping.
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