Home Selling & Buying

The Skinny on Home Mortgages 2017

 getting a mortgage

All About Getting a Mortgage

Residential mortgages these days are a lot more comfortable looking for people that are searching to buy a home. However, people are getting a little bit antsy as they hear that the Fed is raising interest rates. Never fear, those interest rates are still rather low. In fact, they are at historical lows, and so the time to buy is definitely now. Potential home buyers also have all kinds of modern resources at their disposal when it comes to examining home mortgages and what they need. All things considered, what you really need is the skinny on home mortgages as you prepare yourself to purchase a house.

Mortgage Rates on the Rise

As mentioned, while mortgage rates are on the rise, they are still at historical lows. To give you the skinny on home mortgages, let me start by telling you that the interest rates are expected to rise a quarter of a percent each quarter in the year 2017. That is what is expected, but you never know what will happen until it happens. It should be noted, however, that the Fed has already handled the first interest rate hike.

You likely have another few months, and it will happen again. Do not let that work you into a panic searching for a home. You are in a very advantageous position historically speaking to be a potential home buyer right now. Slow your roll and make sure you search out the right property. With all of those online resources at your disposal and companies making mortgages much easier these days, seek out that pre approval first thing.

Types of Mortgages

Shopping for houses knowing the amount that you are approved for makes things just that much easier. It helps you have all your ducks in a row when it comes to preparing to enter a contract with a home seller. It also helps you in regards to communication with your real estate agent. What else do you need to know about home mortgages?

Well, first of all, it’s not just about securing the home mortgage, but about what happens afterward as well. Naturally, that has everything to do with the situation you put yourself in and the type of mortgage you take on. Are you going for a traditional or conventional mortgage? Perhaps you are interested in a variable rate mortgage or ARM mortgage instead. You have all different types of options even after the housing bubble crisis, and you certainly need to know what would best fit your situation when buying a home.

Pay close attention to the terms of a mortgage as it has everything to do with how much interest you end up paying over the life of the loan. Also realize that companies often sell mortgages after taking them on, so you might end up with another company sooner than later. Don’t let that scare you, as it is quite typical. What you need to do is focus on getting the right mortgage at the right interest rate, and focus on making timely payments so that you have everything under control.

All About Selling A House In Today’s Economy

selling your house

So You Want to Sell Your House. . .

Are you interested in selling your house? If you are, you should consider a couple of different options. You may have a house that is in a prime location, yet that’s not the only factor that will lead to its sale. The price of the home that you are asking for, the number of bedrooms, bathrooms, and its proximity to schools are always factors that need to be looked at. If you are going to go through a realtor, you may receive many offers, yet not sell it for several months, which might lead you to change your strategy. Here are a few strategies that are all about selling a house, starting with how to sell your house in this economy in a traditional way, and then ways to sell it quickly if that is what you need to do.

How To Sell A House The Typical Way

The first thing that you will do is get your property in order. You want to make sure that all of the rooms are clutter free. If you have to rent a storage facility, that something you will need to do if you truly want to sell your house as quickly as possible. People need to see themselves inside of your home, and that’s very difficult to do if most of your belongings are still there. Second, you need to make sure that the landscaping is good, allowing you to impress them when the initially walk up to the property. Finally, you need to consider the state that the house is currently in. Does it need a new roof? Is it in dire need of a paint job? These are all things that will cost the new owner money, so you need to factor that into the amount that you are asking for the home. You will list your property with a realtor, and they will do their best to advertise for you and negotiate. If this does not work, then you will have to consider a few other options which could help you sell your house very quickly.

Work With An Investment Group

This is typically a measure of last resort for people that are trying to sell their home in the next few weeks. You might be moving out of town to a new job, and you really don’t want to deal with renters. Although you could hire a company to manage it for you, you might just want to let everything go. If that is the case, and you don’t mind taking a little less than the market value for your house, you can sell it to an investment group. This is either an individual that is wealthy who will invest in real estate, or a group where multiple investors are all working together. They will purchase properties for the purpose of adding them to their portfolio of rentals, or they will simply sell the house for a profit after fixing it up.

One Final Option

One other option that you might want to consider is video marketing. This is done in a couple of different ways. First of all, you will want to do a video of your own house, including the interior and exterior, as well as the general surroundings. You can upload that to the Internet on a YouTube channel, and the channel must be named the address of your home. This will allow you to have a listing high up in Google for people that might be looking for a house in your particular neighborhood. This could actually attract people from all over the country that might be interested in moving into your city, and this can help you get more offers. This is a strategy that could actually work well for most people, especially if there house is in good condition.

These are just a few ideas that are all about selling a house. There is the traditional way, and also working with investors. You can help find potential buyers, and also investors, by creating a YouTube channel of your house that will be up on the web. Now that you have a better idea of what you need to do to sell your house fast, you can use these strategies to cash in on your home as quickly as possible.