How To Buy A Home in 2016

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How To Buy A Home in 2016 – The new year is finally here! Are you planning on buying a home this year?  In addition to the tips and tricks that will help you get into your new home, there are also a number of things to keep in mind before you begin the process. Here are five things to remember throughout your search for a new home in 2016.

Choose the Right Agent

Having the right agent will help you in numerous ways. He or she will be able to help you identify things that are must-haves in your new home, and will do everything in his or her power to make sure those must-haves are obtained. Your agent will also have incredible knowledge about the homes in the area, providing you with the best resources for what to look for.

Where to Search

In addition to consulting with the proper agent, you can also check out websites like Zillow and Trulia. If you find something up your alley, talk to your agent about what you like and don’t like about the home. They will be able to take that knowledge, in addition to their knowledge of the market and community, and find the home that best suites you.

Save For A Down Payment

Saving for a down payment is one of the most important steps in the home-buying process. You may need to save between 10 – 20% of the cost of the home you’re trying to buy, depending on the type of loan you’re looking for. Knowing what you have saved and what type of home you’re looking for will also play a big factor when determining your budget.

Look For The Right Loan

Looking for the loan that works best for you and your family can become stressful, but be confident in knowing that you have plenty of resources to help you make an informed decision. Whether you choose to have a 30-year or 15-year mortgage, a fixed-interest or split, make sure to do your research thoroughly to determine which option is best for you.

Choose The Right Home

When you finally find the home you love, you will know. Whether it’s move in ready or you need to put some elbow grease into it, it will be worth it. Not only will you feel emotionally satisfied by your choice, but you will feel financially comfortable in your decision.

For more information about buying a home in 2016, visit here.

 

5 Money Saving Tips for First Time Home Buyers

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Buying your first home requires a ton of research and careful planning. Let’s face it, you’ve never done this before, so money is probably the first thing on your mind – it is a huge expense; however, it’s incredibly rewarding to become a homeowner for the first time. Here are 5 tips for first time home buyers to save some money throughout the process.

Pay for an Inspection

At first glance you might think that this is an added expense that you can skip – wrong. If something is wrong with your potential new home, hiring a professional to conduct an inspection before you sign any papers can save you money in the long run.

Choose the Right Mortgage

This can be tricky, a 30-year mortgage might appear to be the best option at the beginning, but if you go with a 15-year mortgage right from the beginning, you will end up paying less in interest fees overall. Do your research to figure out what works best for you, but don’t forget about interest rates!

Negotiate Closing Costs

These costs typically account or 1-8% of the purchase price, so don’t be afraid to negotiate this added expense.

 

Bundle Cable/Internet/Phone

Cable, internet and phone are things that most people see as a necessity, so when you are moving into your new space, consider bundling these services to provide you with the most possible savings.

Consult a Professional

A local real estate agent is one expense that will actually save you time and money. He/she will act as a resource and provide you with the right type of guidance to get the most bang for your buck.

To learn more about money saving tips for first time home buyers, visit here.

Why the Spring Real Estate Market Is So Busy

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Why the Spring Real Estate Market Is So Busy – Spring has always been a busy time for real estate, but why is that? According to rismedia.com and realtor.com, there are a number of reasons for a busy spring real estate market, one of which is related to the warmer weather. People typically choose to buy or sell a home in the Spring because it puts them moving in a warm month, versus in the freezing cold winter months. Another reason for a busy Spring market revolves around the school year. Families with kids in school choose to move in the spring or summer so they can get settled before the next school year starts in the fall. Here are some of the other reasons for a busy market in the Spring:

 

Millennials are ready to buy: Say goodbye to the Generation X population and hello to the Millennial population in the buyers market. Rental rates are increasingly on the rise, and as such, this sizable population represents a large portion of new homebuyers this spring. As reported by realtor.com, millennials make up about 65% of first time buyers. Additionally, the Millennials’ age range is currently 20-35, a prime time to buy a first home or purchase a bigger home to make room for growing families.

 

Fannie and Freddie are here to help: A new program by Fannie Mae and Freddie Mac is available to first-time homebuyers with a steady income and solid credit score. This program allows some new homebuyers to purchase with rate as low as 3% down, rather than the traditional 10% to 20% down payment. Likely Millennials and more are utilizing this accessible and affordable option to purchase their first homes this spring.

 

Interest rates will soon rise:  Mortgage interest rates have been hovering near zero for the past five years, but things are about to change. In 2014, the Federal Reserve officially announced that federal fund interest rates, which directly affect mortgage rates, are likely to increase by the end of 2015. As a result, homebuyers are smart to take advantage of these low interest rates while they possibly can.

 

Foreclosures are falling: Foreclosure property numbers are diminishing after many years, the end result being that the composition of home sales is finally normalizing. Correspondingly, this leads to a decreased number of foreclosure and short sales in the market mix, resulting in improved sales for sellers overall.

 

For all of these reasons Spring is the number one time to buy or sell your home. If you’re thinking of buying or selling this year, aim for springtime so you can take advantage of a market that is saturated with buyers and sellers.

 

5 Ways a Home Improvement Contractor Can Help You

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5 Ways a Home Improvement Contractor Can Help You

If you’re gearing up for a home improvement project, you’ve probably considered getting a home improvement contractor.  While it may seen expensive or unnecessary, hiring a contractor can benefit you in both the short and long runs.  Check out these reasons why hiring a home improvement contractor can help you.

Cheaper in the Long Run

Would you rather get something right the first time?  Hiring a contractor can help you do just that.  It will lessen the margin of error since a professional will be on the job.  This could save you some money, time, and even embarrassment.  Why finish a project on your own only to find you did something wrong? Do the smart thing.  Hire a contractor to get it right.

Higher Quality

Not all do-it-yourself jobs turn out poorly completed, but consider that doing renovations is these contractors’ jobs.  That being said, you can expect a level of planning and labor higher than you can produce.  Think about it.  Do you know the proper materials?  Do you know how to design what you are imagining?  Consider higher quality work; consider a contractor.

What if Something Goes Wrong?

What do you do if you get stuck halfway through your project?  Will you know how to fix problems that arise?  If you do, great.  But keep in mind that contractors not only plan projects out in their entirety, but also can adjust mid-project should an issue occur.  A contractor can finish your project and even avoid getting stuck altogether.

Contractors are Insured

This is their job.  Should something go wrong on the site, they are insured.  What if you get injured in the process of doing your own renovations?  This could pose a potential threat to your safety, your finances, or your job security.  Your insurance may not cover that kind of accident.  Check your policy but remember that contractors have that all taken care of.

Time and Physical Labor

You may want to take this project on yourself, but do you have the time to do so?  Are you able to lift heavily materials for long periods of time?  It may be tough to pencil a renovation into your schedule.  Consider this; contractors have the time and the physical ability to do what you need.  Again, this is their job.  Hiring one could mean a lot less stress on you, your family, and your wellbeing.

Home renovations are a big undertaking.  Getting a home improvement contractor will help you get on the right track, complete your project, and ensure that it doesn’t need to be redone.  It’s a solid investment and can save you a lot in the long run.

How To Get More Online Exposure When You Sell Your Home

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How To Get More Online Exposure When You Sell Your Home – Selling your home can be quite a daunting task, but in order for you to make a quality return on your investment, you want to make sure you market your home accordingly. Whether you have extensive knowledge of the market or this is your first rodeo, it is helpful to immerse yourself on the most up-to-date marketing tactics. Here are five ways to get more online exposure when you sell your home.

Photos

You have the option to either hire a photographer, or take the photos yourself; but when it comes to images of your home, the more the better. If potential buyers are able to see your home and fall in love with it in pictures, they’re more willing to come in with a plan – and an offer.

List on Several Services

List your home online for several different services, to increase the number of people who will have the opportunity to see it. Take advantage of sites like Zillow, where you can list your home for people who are looking for something in your area.

Create an Interactive Floorplan

You might catch the eye of a buyer who is located out of town if you provide them with an interactive floorplan. This will allow them to explore how they can make your house into their home.

Social Media

It is the era of social media, so what better way to market your home than with the effective marketing tool? Post links to draw attention to the home selling services that your home is listed on. Use relevant hashtags, like #forsale or #homeforsale, to attract people who are on the hunt.

Consult a Professional

Your real estate agent will also be helpful in getting you the maximum online exposure, which will inevitably get you more bang for your buck. In this day and age, everything is online so it is crucial to create a presence for your home.

There are a number of ways you can use the internet to get more online exposure for your home sale. To learn more about how to get more online exposure when you sell your home, visit here.

Tips for Spring Buying

 

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Tips for Spring Buying – Spring means the return of more than just the sun and the flowers-it’s also the high season for the real estate market. It’s a great season to buy a home, since the weather is good for moving and for home improvement projects. However, since spring is the busiest time to purchase a new home that means that there is a great deal of competition among prospective home buyers. It’s important to be prepared for purchase before you begin your search for a new home. Below are a few tips to get ready for the buying process. Happy buying!

  • Set your budget. Your first step should be to decide how much you can afford to spend on a new home. Besides your asking price, also take closing costs, montly mortgage payments, a down payment, moving and other expenses into consideration. The Mortgage Bankers Association recommends that buyers spend no more than 2.5 times their income on a home. Total housing payments should not exceed 28 percent of your gross income, and total debt payments should be less than 36 percent.
  • Make a list of must-haves. What does your new home absolutely need to have? What features are negotiable and what are not? Research these now to save time when you’re searching.
  • Find a good real estate agent. A real estate agent can often give you valuable information that may not be available to you otherwise and help you find a home with all of your requirements within your budget. Ask friends and family for recommendations, or check online.
  • Get your mortgage pre-approved. Discuss your options for a mortgage with several lenders and choose the rate and terms that are right for you. This way you’ll be able to act quickly once you find a home that you love.

Keep these tips and mind and when spring hits you’ll be ready to find your new home!

NEW Price – 3612 River Ridge Way, Perrysburg, Ohio!

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– Stunning Perrysburg luxury home! Ultimate gourmet kitchen with quartz counters and fabulous back splash. Awesome family room perfect for entertaining. Gorgeous landscaping features a fire pit in back yard. Second floor laundry. Full finished basement. Mudroom with cabinets off the 3 car garage. Corner lot, newer hardwoods throughout! –

Check out more about this beautiful home, right here!