Home PurchasingView All
For successful home purchasing, it is important for aspiring home owners to familiarize themselves with home financing options that are...
For successful home purchasing, it is important for aspiring home owners to...
For successful home purchasing, it is important for aspiring home owners to...
For successful home purchasing, it is important for aspiring home owners to familiarize themselves with home financing options that are available to them. The most common financing available is a home mortgage loan which can be accessed through a bank or a credit union.
It is however important to note that this is not a straightforward financial transaction. Usually, it goes through a certain criteria of course depending on the lender. In many cases, loan applicants have been denied the financing.
Let’s take a look at 4 tips to get your mortgage application approved.
Have sufficient cash savings
A mortgage repayment is a long term commitment and lenders are usually more confident in your ability to repay when you have some skin in the game. This basically means that a lender will only be willing to give you their money if they see that you are also willing to put in a significant sum of your money into the home purchase. Therefore, ensure you save up enough cash so that by the time you are applying for a mortgage, you have enough to convince a lender that you are a serious customer who is capable of paying them back.
You must have a good credit score
Your credit score is one of the main things that a lender will look at before they approve your mortgage. Therefore as an aspiring home owner, it will be important to ensure that your credit score is good, and your credit history reflects that of a person who can be trusted with credit. Make it a habit to pull your credit report at least once every six months or yearly to ensure that you are aware of your score at all times and that you are maintaining it an acceptable rating.
Maintain a stable employment
At the end of the day, what lenders want is a guarantee that you will pay back their money. Therefore, as an aspiring home owner, you need to be aware that not being employed creates doubt as to whether you will be able to make your mortgage repayments. In the event you have your own business, it will be important to facilitate the lender with your financial statement so that they know your business is making enough money to enable you make your loan repayments.
Get a pre-approval for your mortgage
As an aspiring home owner, it is important to start your home search once you know what you can afford. This ensures that your search is realistic and guided because you are going for what is within your means. Going to a lender and getting pre-approval for a mortgage is the way to go as based on your financial position, they will tell you the maximum financing you can access from them and this is the information that will guide your search for a home.
All in all, don’t be discouraged if you don’t get approval the first time. Simply sort out your credit problems and reapply.
We welcome you to share your home purchasing story. Let it inspire another aspiring home owner
Many of our clients especially those engaged in home purchasing in Aurora, Colorado have expressed plenty of excitement as well as anxiety as they make their move into their new home. It’s somewhat a bittersweet moment because they are saying goodbye to old memories and opening a blank chapter in which to record new memories.
The only downside that they dread is the actual moving process. Well, we thought it wise to share with you a few tips to make your moving process much easier.
1 Start with cleaning your new home
There is nothing as easy as cleaning an empty space. No furniture or equipment obstructing you, the ability to get to every corner and most of all the ability to do a thorough job. You are not likely to get such an opportune moment which also enables you spot any sections of the house that may need some repairs or refinishing. So, before you bring in your stuff into your new home, do some cleaning. It pays more dividend than waiting till the house is full to start thinking about cleaning.
2 Be very strategic when packing
One of the most stressful moments is arranging your furniture and other smaller things in your new home. The work of sifting through tens of boxes trying to figure out where different things were packed is never something to look forward to. The idea is to be strategic when packing. You need to have an idea of which part of the house every item being packed will go and ensure the boxes are clearly labelled and arranged in the order in which they will go into rooms. This makes your work much easier when arranging your new home.
3 Reduce the boxes
Boxes can be overwhelming. At times terrifying. You simply do not know where to start. Good news! Someone invented vacuum seal bags. These are a life saver especially for items like blankets, pillows and other clothing material. They will help you significantly reduce the quantity of boxes required for your move and even make unpacking much easier because you can see what’s inside them.
Be sure to try this out and your moving experience will be much more bearable.
If you have any moving tips that you feel will benefit your fellow readers, we would love to hear more about them. Feel free to share your experiences with us.
The beauty about home purchasing in Aurora, Colorado is that this is an area with a significantly low crime rate. This however does not negate the need for you to protect your home and your family through taking various basic security measures.
Here are 7 simple measures to improve your home security.
You must change your locks
When you move into a new home, remember it was once occupied and you don’t know how many people had access to the premise. As the first basic security measure, you must change all the locks in the house. This also applies when you lose your house keys.
You must install an alarm system
Alarm systems don’t only offer home protection but they are also a good deterrent. Burglars will seldom attempt to break into your house if they suspect that you have an alarm system.
Ensure that your home always looks occupied
In most cases, burglaries usually take place when no one is at home. It is therefore important to always create the impression that your house is occupied. You could do this through ensuring your schedule is not predictable, ensuring that it is not clear how many occupants your home has and installing automatic timers for your lights.
Never leave your key under the doormat
There is a tendency by many home owners to leave a spare key under the doormat just in case a guest comes home when the owner is away or for the housekeeper. This is the surest way to allow intruders free entry into your home.
Use strong locks for your exterior doors
The exterior doors in your home should have strong locks therefore, ensure that you install as a minimum, 1 inch thick deadboltlocks. They may be more expensive than regular locks but will offer you much more protection and some peace of mind.
Only use interior door hinges
As a way of making it difficult for intruders to gain entry into your home, only use interior door hinges. These are much more difficult for an intruder to removeand gain entry.
You must protect your windows
Windows are generally a weak point in most homes and a burglar’s easiest entry point. Therefore, you should invest in strong window locks or even burglar-resistant glass.
Security will always start with you therefore you should do as much as possible to protect your home and your family.
Please share with us any innovative and cost effective home security solutions that you have tested out.
When most home owners purchase their homes especially while still young, they never really take into consideration that a time will come when they will be seniors, and unable to enjoy the many amenities that their homes provide. Basic things like the large size of the home, staircases and other obstacles, are things they may overlook today but will not be able to ignore a couple of years down the line.
When in your senior years, home purchasing is undoubtedly a challenging task and stressful as well especially when you come to the realization that you will no longer be able to enjoy many of the pleasures that come with being young. Take heart however because getting to move into a new home is always still an exciting experience.
Here are a list of things to consider when purchasing a retirement home.
The ease of navigation through the house
When in your senior years, it is important to think about your ability to navigate through the house. You will need a house with wide enough doors and corridors that a wheelchair can move through with ease in case you are using one or a spacious house with as little clutter as possible so that your walking stick doesn’t get caught up. The house does not necessarily need to be large, just well-arranged to enable ease of navigation.
The safety hazards
When in your senior years you are likely to be prone to injuries with the slightest knocks or falls. Therefore, it is important to ensure the house you are looking to purchase has been properly checked for anything that may be a safety hazard to you. This will require a keen eye because most of these hazards will not be that obvious.
A manageable size
When in your senior years, you will definitely not have the energy to do the regular day to day chores. You may opt to hire a help but ultimately it is unnecessary to have too much space that you won’t really need. It is therefore a good idea to go for a home that gives you ample space but not too much of it. Too much space may also bring about a sense of loneliness because of the emptiness.
Old age is a reality and not something to be feared. It is part of life. The better prepared you are for it, the better the transition will be in terms of your living arrangements. Be sure not to go through this adjustment alone. Engage your family and friends in the process and most importantly, a good realtor.
When you finally make that all important decision to purchase a home, there are two main categories of homes that you must be aware of. The first is a move-in ready house while the second is a fixer-upper house. The choice between which of these to go for is usually down to the buyers preference, budget, comfortability or goals
We take a look at these 2 categories as well as some of their pros and cons to help you improve your home purchasing decision making.
A fixer-upper house
A fixer-upper house is a house that will require some level of renovation or repairs before you can comfortably live in it. Some will first require work before moving in whereas others can be worked on while you are living inside them. The choice is mostly the buyer’s. Generally, some home owners prefer this category of houses because they will come at a low price owing to the fact that they need repairs, or the house gives them an easy opportunity to remodel and give it their own preferred look and feel. On the downside, this type of house requires an extensive level of due diligence especially with regards to inspection so as to ensure that as a buyer, you will actually be able to afford the repairs. Otherwise, it may turn out to be a very expensive undertaking.
A move-in ready house
A move-in ready house is just as the name suggests, a house that is ready to be moved into and will not require any work on it. This type of house offers a lot of convenience because there is no time consumed in repairs, you can move in immediately and resume your daily routine and most importantly, the home purchasing process is much easier. The few downsides to these types of homes is that they are usually pricey, and will still cost the buyer a fortune in the event they want to do some modifications.
If you are looking to buy a home, it is therefore important to do your homework and figure out which options work best for you. Home ownership is mostly a journey that requires patience and clear headed thinking therefore it should not be rushed.
We would like to hear your home ownership story especially if you have had the opportunity to compare these two options. Your experiences will tremendously help other owners make more informed home purchasing decisions.
Every person who intended their home to be a financial investment will always look forward to getting a really good price when it’s finally time to sell. However, it is important to keep in mind that your pitch to the potential buyer is what will determine whether you will get your full asking price.
When it comes to home purchasing in Aurora, Colorado, there are a number of things home buyers are usually looking for that will influence their decision on whether to buy your home.
Here are the top 6 home selling tips for you.
Ensure the yard is well maintained
The yard is one of the first things a buyer will notice as it enhances the external appeal of the home. You should therefore ensure that you have a very attractive yard as this will ensure that your house attracts interest pretty fast.
Ensure the house is painted
The newer your house looks and feels, the more money it will fetch you. Be sure to paint your house as this makes it feel and look new in the eyes of potential buyers therefore they will not put too much resistance to meeting your asking price.
Ensure you have done all the necessary repairs
When a buyer is looking to move into a house, most will always want the kind of house that is ready to live in and not one that will require time and financial investment in repairs. It is therefore important for you to ensure that all necessary repairs such as plumbing, electricals, heat, gas and all others have been done.
Ensure to set the right price
Although price is mostly determined by market conditions, the quality of your house in terms of finishing, amenities and other personalized modifications may allow you to put a markup on the price of your home. Just ensure not to overvalue or undervalue it as this may make it difficult to sell. Be sure to get a professional realtor to help you with this aspect.
Ensure to work with the right realtor
It is the work of a realtor to handle the task of selling your home on your behalf because it can be time consuming therefore impossible for you to do on your own especially if you have a fulltime job. Be sure to work with a good professional realtor who will ensure your best interests are met during the process of selling your home.
Ensure to stage your home really well
The best way for a buyer to know what your home truly has to offer is through giving them an opportunity to see, touch and feel it. This is done during staging. Make an effort to go all out with your staging to ensure potential buyers get an awesome experience. This will increase the appeal of the house and probability of being bought.
There you go. We trust that selling your home will now become a breeze.
Getting to sell your home can be exciting especially if you bought it as an investment and there is a very big chance that you are going to get your full asking price. There is no better feeling than that of a big payoff from an investment.
However, there are a number of considerations to put in place in order to ensure that the buyer interested in the home purchasing gets to see and appreciate the full value proposition of your home.
Here’s a complete guide on how to go about showing your home in an appealing way.
- You need to settle on a good realtor to help you with the showing because chances are that you will not have adequate time on your hands for this task.
- You need to vacate your house because there are definitely going to be interested home owners coming for the showing all through the day so they will require ample opportunity view the house without bumping into the house occupants.
- In the event you can’t vacate your home then you will need to rehearse a quick plan of action with your family, especially children and pets. Have a place where they can spend the day or a couple of hours when you will be showing your house, as well as a dedicated storage space where they can quickly dump their toys and other stuff when a potential buyer shows up unexpectedly.
- Ensure that your home is in tip top shape at all times. There are times when you will get a notice from a potential buyer before a viewing and at other times there may be no notice. It is therefore important that your home is in great shape at all times and ready for a showing.
At the end of the day, purchasing a home is an emotional choice and has to do a lot with intuition. It is therefore important for a potential buyer to be able to feel that your house is what they have been looking for. You can never go wrong when you pull on their emotional heartstrings.
Remember to share with us your own home showing experiences.
Moving into a new home is filled with plenty of excitement as well as anxiety. It’s bittersweet as you say goodbye to old memories and open a blank chapter in which to record new memories. This is a feeling we experience with our clients on a daily basis as we help them identify, purchase and move into their new dream homes.
What we have noticed especially with our clients doing home purchasing in Aurora, Colorado is that the excitement of a new home sometimes prevents them from seeing the bigger picture. This is why we thought it wise to share these 3 important things to consider before moving to place that you will call home for the rest of your life.
1 The crime rate is low
You obviously want to live in a place where you have peace of mind. A low crime rate will definitely help with this. Knowing that you and your family are safe in your home, your things are safe even when no one is at home, you can go shopping or on a run without worrying about getting mugged. There’s no greater feeling. This is therefore one of the statistics you must have before signing on the dotted line.
2 There is a good community
Humans are social creatures and this comes into play when choosing where to move. It is very important to find out as much as possible about the community before you move into the neighborhood. You want a good community that will both allow you and your family an element of privacy, but at the same time be there when you need them. There is no greater feeling than living in place where residents are actively involved in making their community more awesome.
3 Residential property is on high demand
Usually, when we purchase homes, the intention is to live there for the rest of our lives. However, certain unavoidable circumstances such as a change in jobs may at times require us to move. A place where residential property is on high demand will ensure that when you have to move, selling your home will be much faster and easier, and you will even make a profit due to rising property value which is prompted by demand.
We trust that you will take this into consideration before you make your move.
Feel free to share with us any other factors you consider important that would influence your move.