All About Animal Prints in your Home

RealtyTimes.com, September 15th, 2014
Whether your hunter-gatherer spirit embraces the idea of authentic animal hides or you simply like the patterning of exotic animals, it’s easy to bring a little wild kingdom into your home and create a snazzy style that suits your taste.
Full Story: http://realtytimes.com/rtpages/20140915-All-About-Animal-Prints-In-Your-Home.htm

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This Year’s Fall Design Trends for your Home

RealtyTimes.com, September 14th, 2014
Hallelujah, it’s almost fall! In honor of the coming season, some more temperate weather, and all the goodies this time of year brings, we’ve compiled a few fall style musts for your home.
Full Story: http://realtytimes.com/rtpages/20140914-This-Years-Fall-Design-Trends-For-Your-Home.htm

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Move-Up Mania

RealtyTimes.com, September 12th, 2014
Homeownership isn’t the American dream – moving up and up to get to the home you really want is, right? Is it time for you to play the game? Answer the following questions and find out.
Full Story: http://realtytimes.com/rtpages/20140912-Move-up-Mania.htm

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Getting a Mortgage: Why So Much Paperwork?

Posted: 11 Sep 2014 KCM Crew

Getting a Mortgage: Why so much Paperwork? | Keeping Current MattersWe are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

  1. The government has set new guidelines that now demand that the bank prove beyond any doubt that you are indeed capable of affording the mortgage. During the run-up in the housing market, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again
  2. The banks don’t want to be in the real estate business. Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation. The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate probably below 5%. The friends and family who bought homes ten or twenty ago experienced a simpler mortgage application process but also paid a higher interest rate (the average 30 year fixed rate mortgage was 8.12% in the 1990’s and 6.29% in the 2000’s). If you went to the bank and offered to pay 7% instead of <5%, they would probably bend over backwards to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates. ________

Posted in Design & Remodel, Financing, Home Buying, Home Selling, Homeownership, Market Conditions, Mortgage | Tagged , , , | Leave a comment

Why Loans are Still Hard to Get

RealtyTimes.com, September 11th, 2014
In the early days, if you wanted a mortgage loan, you had to have a job, some down payment money and good credit. While that’s still true today, loans are more difficult to get.
Full Story: http://realtytimes.com/rtpages/20140911-Why-Loans-Are-Still-Hard-to-Get.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” …… click LIKE to receive real estate info and what’s happening in Marshfield.  

Posted in Credit Score, Financing, Home Buying, Home Selling, Homeownership, Market Conditions, Mortgage | Tagged , , , , | Leave a comment

You Need a Professional When Buying a Home

Posted: 09 Sep 2014 KCM Crew

You Need a Pro When Buying a Home | Keeping Current Matters

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional!

You Need an Expert Guide if you are Traveling a Dangerous Path

The field of real estate is loaded with land mines. You need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and ready for you to move in to can be tricky. An agent listens to your wants and needs, and can sift out the homes that do not fit within the parameters of your “dream home”.

A great agent will also have relationships with mortgage professionals and other experts that you will need in securing your dream home.

You Need a Skilled Negotiator

In today’s market, hiring a talented negotiator could save you thousands, perhaps tens of thousands of dollars. Each step of the way – from the original offer, to the possible renegotiation of that offer after a home inspection, to the possible cancellation of the deal based on a troubled appraisal – you need someone who can keep the deal together until it closes.

Realize that when an agent is negotiating their commission with you, they are negotiating their own salary; the salary that keeps a roof over their family’s head; the salary that puts food on their family’s table. If they are quick to take less when negotiating for themselves and their families, what makes you think they will not act the same way when negotiating for you and your family? If they were Clark Kent when negotiating with you, they will not turn into Superman when negotiating with the buyer or seller in your deal.

Bottom Line

Famous sayings become famous because they are true. You get what you pay for. Just like a good accountant or a good attorney, a good agent will save you money…not cost you money.

_________________________

Posted in Credit Score, Financing, Home Buying, Home Selling, Homeownership, Market Conditions, Mortgage | Tagged , , , , | Leave a comment

How Safe is a Home? Know Before you Buy

REaltyTimes.com, September 11th, 2014
The company that brought the walkability factor to help buyers decide if the neighborhood is walkable enough for them, is introducing a Crime Grade measure.
Full Story: http://realtytimes.com/rtpages/20140911-How-Safe-Is-A-Home-Know-Before-You-Buy.htm

Follow Len and Leslie Marma of Success! Real Estate on their facebook business page, “Marshfield Matters” ….. click LIKE to receive real estate info and what’s happening in Marshfield.

 

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