Even though it’s the middle of the winter season, before you know it, spring will be here. Historically in most real estate markets, the spring is when it really begins to heat up. The spring real estate market generally yields the highest prices for those selling their home. This is only possible though if the proper preparations are taken beforespring is upon us!
If you’re thinking of selling your home in the spring, you must know that even though you may receive top dollar for your home, the competition will also be the strongest. This means it’s absolutely critical that you’re prepared for the spring real estate market so you can knock out your competition. Check out these tips so that you’re prepared.
Begin Interviewing Prospective REALTORS®
It doesn’t matter what time of year you decide to sell your home, it’s critical that when selling a home, you know
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Does paying off your mortgage and saving tens of thousands of dollars while doing it sound good? Of course it does. And if you’re thinking that you’ll need to rob a bank to pay off your bank, think again. Paying off your mortgage early can likely be done with less stress – and less money – than you think.
“Of course, you will have to come up with more money. There’s no getting around that. After all, the bottom line is the bottom line,” says Bishoi S. Nageh, vice president of New Jersey’s Mortgage Network Solutions. But, he says, people are often surprised at how easy and affordable paying off their mortgage can be through tactics such as extra payments or refinancing to a shorter-term loan.
Of course, it depends on your specific situation, but for some, the cost of paying off their mortgage early could…
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It should be the perfect moment for first-time buyers—the missing link in the housing recovery—to enter the market. Houses are selling, prices are rising, foreclosure rates are down, and interest rates have maintained historically low levels—yet they have not jumped in. With its recent moves, the Obama administration is trying to entice them.
On the heels of a new 3% down loan program outlined in December, President Obama announced this week that the Federal Housing Administration will cut mortgage insurance premiums on its loans. The FHA estimates that 250,000 first-time buyers will enter the market after the premium reductions.
Mortgage insurance premiums on FHA loans will be cut to 0.85% from 1.35% for a new borrower choosing a 30-year fixed-rate mortgage starting Jan. 26. This comes after years of raises—the premiums had gone up a whopping 145% since 2010, the FHA said, at one point reaching 1.55% per month.
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Prediction One: Mortgage Rates
This time next year the interest rate on a 30-year fixed rate mortgage will be about 5%. Right now — as in yesterday, those loans at trending at about 4%. If you want it to be lower, then go out and get a 15-year fixed rate. That will fetch you about 100 basis points lower, which in fancy broker finance talk means 1 point lower or 3% for a 15-year fixed rate mortgage.
Prediction Two: House Prices
If you had to chart the slowdown in home appreciation over the past two years, you might as well slap a picture of the state of Florida on a graph chart. Not to be graphic, but the state of the housing industry is having a bit of erectile dysfunction. In 2013, the appreciation for household value was 9.3 percent, and in 2014, it was half as much with 4.5…
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Having an annual furnace inspection by a knowledgeable and skilled HVAC professional is not only a good idea to ensure that your HVAC system is working at its most efficient, but it can also be a safety guarantee as a malfunctioning furnace could potentially release harmful (even deadly) gases into your home or cause a fire. An annual inspection and tune-up can also help extend the life of your heating equipment by preventing unnecessary damage to vital parts of your system and can also identify and address small problems before they become more serious issues that involve costly repairs or even total system replacement.
When you have scheduled your annual furnace inspection, you might be wondering what to expect when the HVAC professional comes to your home. How long will he be there? Will he need to examine other parts of the home other than the furnace? Will he have questions for you about your system? These are all…
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While you are house hunting, it’s helpful to keep track of what you’ve seen. After walking through more than a half-dozen homes, the features and foibles of each house can begin to blur together.
You need to recall the amenities each home offers to determine which place would suit your needs best. These five tips can help you stay focused and organized.
1. Set priorities
Before you start your house search, make a master list of all the things you need and all the things you like. List the items in order of importance. For example, home office space might be more important than a Jacuzzi tub in the master bathroom or a walk-in closet. Make sure your list includes the following:
- Maximum price
- Overall square footage
- Number of bedrooms
- Number of bathrooms
- Size of yard
- Style of home (e.g., condo or single-family)
You could also add these other features:
- Large master bathroom
- Walk-in closet
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