Wednesday, April 26, 2017 / by Jason Huerkamp
When you are looking to buy a home in todays hot real estate market, its important to think about the Seller when making your serious offer on a home. Here are a few points to think about when you want that dream home in a competitive market.
When your offer is submitted via the real estate agent on your dream home, what is it about your offer that My Seller would prefer over all others that are presented? Most buyers think its only about price, but that is not always the case. The Seller has needs. He wants to get his home sold in the shortest possible time, for the most amount of money, with the least amount of hassle and inconvenience. The answer is literally in that sentence. So how can you make that happen?
Shortest Possible Time - A serious seller will have priced him home to suit the market. As his representative, we would have gone through the stats and decided on an appropriate price for the property in order to get it sold in the shortest possible time. Your quick move ...
Friday, March 17, 2017 / by Jason Huerkamp
The first thing you need to do is be sure you are working with a great real estate agent, someone who has experience and understands your needs. Choosing your real estate agent is of prime importance. Choose with care. Read more about that here.
We get asked many questions by buyers when they are considering buying a home. There are a few that come to mind that are really important. Lets take a look at those important questions.
How Much Home Can I Afford
There is a good chance that when you get pre-approved / pre-qualified for a home your lender will have spoken to you about the amount of the loan and what payment you will have to pay each month. Before you buy, make a list of all the things that you will need to pay over and above your mortgage payment. Here are a few items you may need to consider to add in to your monthly budget
These costs are house rela ...
Tuesday, December 20, 2016 / by Jason Huerkamp
FHA and Conventional Loans
When buying a home and requiring a mortgage, we often get asked about the option of getting an Federal Housing Administration (FHA) Loan and what the difference would be to you the buyer. Would there be any reason why a seller would choose another offer to purchase with a conventional loan in preference to an FHA loan offer from a buyer.
What is an FHA Loan?
An FHA loan is one that is applied for through a conventional home loan provider (one on the list of providers by the FHA and approved by them) and is insured by the FHA so that the lender is guaranteed their money should you default on your loan. There are two sets of criteria to be met in order to be able to use the the FHA option - The Lenders criteria and The Governments criteria. The buyer, depending on their credit score, will generally be able to put down a lower downpayment of 3.5%. It is important to know your credit score and how to remedy it before applying for a loan an ...
Wednesday, November 9, 2016 / by Jason Huerkamp
Know Your Credit Score Before Buying a Home
Credit history is vitally important when considering purchasing a home. Not only does it allow you to get the best rates and the best offers from a lender, it gives you the opportunity to be pre-approved and the best kind of buyer should you get into a bidding war on your dream property.
If you haven't got a credit history it is almost as bad as having a terrible credit score. The lender likes to see that you have been responsible looking after your payments and so its an essential part of the plan when considering a home purchase.
In order to establish a credit history, you could go into the bank and get a pre-paid credit card and whatever you purchase on your card, be sure to pay the same amount off each month. You will be showing you are responsible and before you know it you will have a fair credit score. Once you have proved your value you can ask the bank for a credit limit. Your credit score will build qui ...