First Time Home buyer

Home Buying Myth Busters

Most everyone has a parent, aunt, uncle, cousin, co-worker or friend who owns their home and is full of advice that you should follow. Listen to them and you’ll derail your dreams by believing a lot of myths. Truth be told, there’s a lot of misinformation out there about buying a home and you also must consider that Uncle Joe bought his [...]

Choosing a Mortgage Lender

 

It’s a seller’s market and the best way to arm yourself with some excellent negotiating tools is to become pre-approved before you start working with a Realtor. But before you begin researching lenders, get your credit report! You can do this free through [...]

Who comes first, Realtor or Banker

As a new Agent I thought at first it seemed kind of offensive to immediately ask “Are you pre-approved for a mortgage?” or “Are you going to be an all cash buyer?”  especially to someone who is looking at/for property you just met for the first time! First meetings are to be opportunity to gather as much information from your prospect, to [...]

Equity Builder Program

Buying your first home can be emotionally and financially challenging. With rising home prices, limited inventory, down-payment requirements and upfront closing costs, it’s enough to overwhelm someone right out of the process.  In New Hampshire some local banks recognize how difficult entering the housing market can be and able to offer some [...]

12 Tips of Holiday House Hunting

Whether you planned to search for a home during the holiday season (November to January) or outside forces made the decision for you, you’re actually house hunting at a good time.  While there is less inventory in July, there will also be less competition.  There are more advantages at this time of year as there are fewer buyers for one and the homeowner; if their property has been on the market for a while may let the sale of their property go below asking price.  Sellers may be willing to stay in their homes through the end of the calendar year, but rest assured, they’ll want to seal the deal for the New Year. Just because there are limited buyers doesn’t mean you’ll get a fire sale price, sellers who keep their homes on the market through the winter typically are motivated but also willing to wait until they get a fair and reasonable offer.  Every home and every seller are different; here are 12 tips to remember when looking for a home during the holidays.

  1. Balance your budget – Have a firm number you can comfortably afford for a mortgage. The last thing you want to do is make yourself house-poor.
  2. Check your credit – You don’t want your lender to be surprised by any forgotten accounts – good or bad. more

Buying in a Sellers Market

If you’re looking to purchase a new home in a seller’s market you are likely to hit a few barriers; limited inventory and increased competition from other buyers, just to name a few.  The best offense is a good defense so be sure to get pre-approved with a reputable lender and have hearty funds on hand for a down-payment. Accept that you are trying to buy in a seller’s market and prepare yourself to be patient until the home in your area and price-range comes along.

While you’re waiting for that one home to come on the market, use the time to become familiar with listings in your area.  Pay particular attention to listing prices in comparison to the amount a property actually sells for. Most local real estate agencies have a link on their website for sold properties. In Waterville, Campton and Thornton, NH, single family homes are selling for an average of 91% of the listing price. Keep this in mind when you’re putting together an offer, you don’t want to submit an more  

Credit ? It's More Than Just a Number

Having a good credit score isn’t just necessary for financing a home; it’s also used to keep insurance premiums down and for screening applicants by some employers.  The use of credit scores is the same across the board, It’s to mitigate risk, plain and simple.  Banks want to know if they lend $300,000 for a home that they will get the money

back within the terms set forth in the loan. The insurance industry has also proven time and time again that individuals who pay their bills on time have less insurance claims. And now employers are using credit scores with the same premise that on time bill payers make better employees.  How does your credit score stack up? Check out this chart and see which category you fall in to.  If you don't know your credit score you can sign-up for free with Credit Karma. Learn more on how insurers use credit information. more