Replace the Roof?

Posted by on Jun 5, 2018 in Blog, homes

Making your house look its best is the goal when it comes to selling your home. There are many things you can do to make it look better, like updating the front entry, improving the landscaping and multiple touches inside the house. Probably the most critical part of the house to most people is the part that keeps you safe from the weather. Your roof. When you get ready to move, should you get your roof replaced? There are some questions you should answer before you consider getting it repaired. Do you own the home? If you own the home entirely, it may be in your best interest to leave the roof the way it is. The cost to replace the roof may exceed the amount you would get back from the home sale. If you don’t own the home, you may need to maximize the amount you can get from a sale, so getting the roof fixed could be a better idea. Can you afford it? A roof can be one of the most expensive things in a house to fix. Most people don’t have a lot of cash lying around to fix something costly like a roof. If you don’t have the cash, is it worth it to you to take out a home equity loan? A home equity loan is a loan you can take out against the value you have put into your home. If you can find a good deal on a home equity loan, is it worth it to use to fix your roof? If you do take out a home equity loan, it will need to be paid back once you sell the house, so it will take a bite out of the amount you get for the home sale. What is the competition like in your area? If you are in a seller’s market, where homes in the area are getting multiple offers, you may be able to skip the roof overhaul. When competition is high for homes, a buyer may overlook a roof. If you are in a buyer’s market, however, you need to give buyers every possible reason to want to buy, and a new roof could be just the thing to get them considering your house. Will the roof be a negative? A bad roof can cause a domino effect. If you have any leaks or holes, weather can start causing damage to your ceilings and water damage can wear away at other parts of the house. A small hole can turn into a more prominent hole, and if you aren’t fixing the roof, soon your problems could balloon. Even if a homeowner can overlook things like that, a lender might not. Will insurance help? Make a call to your insurance agent. A simple phone call could save you a lot of hassle, time and money. Your insurance...

Read More »

What do you need to know about Closing Costs?

Posted by on Feb 23, 2018 in Blog, Featured, homes

There are a lot of different phases of the home buying process. The part that most people imagine and hope for someday is the day you get the key and can finally move into the house. Usually the part you need to do right before that is to pay the closing costs, which officially make the homes yours. What do you need to know about closing costs? Let’s take a look. How much are they? Knowing how many closing costs are is the most critical question. Knowing how much they help you understand what to budget for them. The average is going to be between 2-4% of the sale of the home. The costs will likely depend on the points and origination fees. This is what makes up a loan estimate. Keep in mind that closing costs are usually not able to be borrowed as they add to the price of the home and that could raise the buyer’s ratio. Can a buyer get free closing costs? First-time buyers may qualify to get closing costs paid for by a government grant. It is always a good idea to ask your lender if you are eligible for closing costs to be covered and what you would need to do. Non-recurring Closing Costs Some of the closing costs are non-recurring, which means they are paid once and then never have to be paid again. Some of the one-time fees include: Title Policies Escrow Notary Wire fees Courier or Delivery Attorney Fees Endorsements Recording State, Country, or City Transfer Taxes Home Protection Plans Natural Hazard Disclosures Home Inspection Lender Fees for the loan and loan estimate Recurring Buyer Costs These are costs that will occur monthly or yearly, and you will have to pay again and again throughout the life of the loan. Fire insurance Flood insurance (if required in the area you live) Property Taxes Mutual or Mortgage Insurance Prepaid Interest The time of year will give you the amount you have to pay pro-rated. Some loans will require that you have an escrow account for the fees. Can you ask the seller to pay for Closing Costs? Sometimes a buyer will ask the seller to pay a part or all of the closing costs of a house. Before you go into negotiations, make sure it is something that your lender or applicable laws will allow. If you are financing 100% of the price of the home, lenders may limit you to only 3% credit. Depending on your FICO score and the amount of down payment, the lender might allow a seller to credit up to 6%. Lenders won’t allow a borrower to receive cash from a seller at closing. Knowing what to expect will help budget when it comes to your closing costs. Also, knowing what you can and can’t help you in the negotiations of the closing....

Read More »


Posted by on Sep 18, 2017 in Blog

Theres a lot of strategy that goes into purchasing a home in the current market. Every city is just a little bit different. I have experience all over the valley and enjoy the obvious advantages each city has. I am passionate about negotiating on your behalf. I am aware that I am your advocate and I love making your purchase smooth and easy. Not only that I have trusted professionals in all fields that will help before, during and after the sale. Call me if you would like to work with someone who wants to find the home that fits your lifestyle....

Read More »