Real Estate Blog

Renter to Buyer: Information for New Home BuyersThe transition from renter to buyer is often a difficult one. Many first-time homeowners have no idea what to expect when they set out to buy a house. Being prepared for homeownership can make the experience more enjoyable and exciting. If you're a renter who will soon be buying your first home, these tips can help.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Create a Budget

Home ownership can be expensive. The first thing that a renter must do to prepare for homeownership is to determine whether or not there is room in their budget to own a house. Some common expenses that homeowners must fit in their budget include:

  • Mortgage. In some
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Technology Set to Usher In a New Era for Home Builders and BuyersTechnology today isn't all about security and convenience, although those are important considerations in the home. There are other ways, however, that smart technology can be used to boost home value, and offer great return on dollars spent. In the future, the value of smart technology will accrue to new home builders as well as to owners, as the demand for smart homes continues to grow.

Think about smart lighting and smart shades just as a beginning. Tech-savvy ways to make a personal statement as well as add convenience and energy-savings will also be likely to pay off in the future in terms of appraisals, initial home prices and resale value. There are many ways to incorporate new technology into the home environment. Think beyond the walls

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Selling Your Home? What You Need to KnowEvery home sale is different, but in general, most home sales happen in four stages. Knowing these various stages and what to expect can help home sellers throughout the home purchasing process. Going into the process with open eyes can reduce stress and make the process more enjoyable. If you're a homeowner who would like to sell your home, here's what you need to know.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

Home Staging and Improvement

Often before listing a home for sale, homeowners will make small home improvements to make their home more appealing to buyers. Some homeowners stage their home, some make home improvements.

Home

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Looking to Buy a Home? Get Started with This Home Buying GuideIs it finally time to stop renting and become a homeowner? Owning and maintaining a home is a significant investment and there are a variety of factors to take into consideration prior to taking the plunge. A thorough review of a number of financial factors done before going for pre-approval can help prevent potential challenges, increasing the chance that one will be approved for a mortgage loan.

Explore the following financial aspects before falling in love with a home.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

The Down Payment for a Conventional Mortgage Loan

In order to be approved for a conventional loan, applicants should be willing to

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Selling Your Home? Follow These Valuable Home Showing TipsThere are a lot of steps that go into selling a home, and though it's difficult to say if any are more important than the others, home showings are a very important part of the process where interested buyers come to tour the home to decide whether or not it's a good fit for them. Buyers will be looking for any damage or flaws in the home, as well as whether or not the house fits their own homeownership preferences and needs. Here's what to know about preparing for a successful home showing.

For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

How to Prepare for a Home Showing

Because of the nature of home showings, most preparation is best done before

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Home Improvements with High ROISome home improvements are more valuable than others, especially when the time comes to selling a home. Homeowners who want to get the best bang for their buck can turn to these home improvement projects.

Kitchen Renovation

Kitchen renovations are high ROI because they attract home buyers. In fact, a typical kitchen remodel has an ROI of about 83%. The best way to ensure that a kitchen remodel will have a high ROI is to keep costs low and avoid extravagant upgrades. Many home buyers will not pay extra for gourmet appliances. Spending extra money on unnecessary features usually results in a lower ROI. Homeowners who want to control costs when renovating their kitchen can work with their contractor for best results.

Deck Addition

Deck

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What to Know About USDA LoansThere are a lot of different options available to home buyers when it comes to choosing a loan to use. One of the loans home buyers can use is sponsored by the United States Department of Agriculture, shortened to just USDA loan. These loans are not like FHA loans or conventional loans. And like any specialized loan, USDA loans aren’t for everyone, but some home buyers can benefit greatly from using them. Here is what all home buyers interested in USDA loans should know before jumping in and applying for one.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

The History and Purpose of USDA Loans

USDA loans have been around since 1991, and since then

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How to Buy a Home with a 203k LoanHome buyers have many options available to them when they want to purchase a property. When a home buyer tries to purchase a property that needs to be renovated, the buyer's loan options become somewhat limited. Understanding the 203k loan and how it can help purchase a property that needs to be renovated is important. Here's what you need to know.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is a 203k Loan?

A 203k loan is an FHA backed loan that allows the home buyer to borrow money for the purchase and renovation of the home. 203k loans are different from standard FHA loans because standard FHA loans require the home to be in move-in ready

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All About VA Loans and Different Types of MortgagesVeterans Affairs (VA) loans are a popular mortgage among active and veteran members of the United States Armed Forces. It is one type of mortgage among many available to home buyers. However, what many people don’t realize when initially researching VA loans is that there are multiple different types of VA loans that can help different types of home buyers. Here is an explanation of the different types of VA loans, what they do, and who benefits from using them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

Purchase Loans

The main loan that most people think of when people think of when they hear “VA loan.” Purchase loans are the most general and

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FHA Loans: What You Should KnowWhen buying a South Plainfield new home, buyers have a lot of options when it comes to choosing the mortgage that’s right for them. One of the loans they may consider is the Federal Housing Administration loan, or just FHA loan. FHA loans are widely used by first-time home buyers as well as veteran home buyers, but what makes them so appealing? Here is everything home buyers should know about FHA loans to make an informed decision about if it’s right for them.

For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

What Is an FHA Loan?

FHA loans are one of the different types of mortgage sponsored by the United States government, like VA loans and USDA loans.

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