Real Estate Blog

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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All About Making a Down Payment On A HomePeople who are new to the home buying process usually know that they're expected to make a down payment when they purchase a home, but they often have questions about how down payments work.

A down payment is a percentage of the cost of the home paid in cash as a supplement to the home loan. Altogether, the home loan and the down payment must equal the purchase price of the house. A person who wants to buy a home must have cash on hand to make the down payment, except in circumstances when a down payment is not required according to the loan terms.

Just how much money is required for the down payment and how the down payment can be obtained is important information for home buyers to have. Here's what they need to know.

For informational

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Why Home Inspections Are ImportantBuying a home is an important decision. And buying the right home is even more important. So whether the home was built in 1918 or 2018, a home inspection can reveal flaws in the home that aren't readily visible to the naked eye. From faulty craftsmanship to stubborn tree roots, buyers have a chance to examine and learn about the home's downsides before they sign the dotted line to buy the home. Learn more about what a home inspection entails and how homeowners can use it to avoid a mistake.

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

Inspecting the Elements

A home inspector typically checks the major exterior elements of the home, including

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Using a Mortgage? Check Out These Different TypesWhen purchasing a home, almost all first time home buyers will need to secure a loan or a mortgage to buy the home. There are many different types of mortgages that fit a wide variety of different buyers and the different homes they may want to purchase. It can be overwhelming attempting to understand and decide which is best, especially for a first-time home buyer who may not be familiar with many of them. Here are some of the different common mortgage types and how they may help different types of home buyers.

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

Federal Housing Administration (FHA) Loan

One of the most popular loans among first-time home

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Do I have to pay capital gains when I sell my home?There are a lot of considerations to keep in mind when someone is selling a home. Buying and selling homes are often the biggest financial transactions a person will engage in throughout their life. When the buyer's offer is accepted and every line of the contract dated and signed, the seller should be aware of the implications of the sale, particularly any applicable tax implications. While most home sales are exempt from capital gains taxes, there are some situations that will trigger a tax. Understanding these before putting a home on the market can help avoid surprises after the fact.

What Is Capital Gains Tax?

Any large or valuable asset, such as an investment account, a vehicle or a home, can be considered a capital asset. If a person

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