Real Estate Tips

Quick tidbits of advice and ideas about real estate.

Found 182 blog entries about Real Estate Tips.

When you are selling your home, you want to take full advantage of the market. No matter your home’s location, size, or age, it will bring in significantly more if you are able to optimize its condition before you list it for sale. However, if you are preparing to sell your home and you have realized that it needs extra TLC before it is market ready, today’s guide is for you.

The worst-case scenario for your property is it languishing on the market for months after you list it, only drawing in a smattering of lowball offers. To avoid this disheartening dynamic, rectify the following before listing:

Clutter

You are no doubt used to your belongings being comfortably strewn throughout your home. Sellers, though, will expect your home’s

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When you are preparing to purchase, refinance, or sell a home, you will first need to acquire a home appraisal. The only exception to this rule is in the rare event that you are selling your home to a buyer who is paying the full amount in cash.

If your home appraisal is lower than you believe is fair, you have the option and the right to challenge it. Today, we are covering precisely how to challenge a home appraisal efficiently, effectively, and with the full power of all applicable laws.

To print the USA government’s guide to challenging your home appraisal, please click here.

Reconsideration of Value

If you have reason to believe that your home is worth more than the amount at which it has been assessed, you are eligible to ask that

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Once you've submitted your mortgage application, it's crucial to tread carefully in the financial landscape to ensure a smooth approval process. Here are 10 things you should avoid after applying for a mortgage:

1.) Steer Clear of Significant Purchases

Resist the temptation to make large purchases, whether it's a new car or extravagant furniture, in the period following your mortgage application. Lenders analyze your debt-to-income ratio, and substantial new debts can raise concerns about your financial stability.

2.) Maintain Job Stability

Lenders appreciate stability, and changing jobs during the mortgage application process might send red flags. Try to stay in your current job until the mortgage is approved, as it reflects

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Owning a home is a significant milestone, but the path to homeownership often comes with its fair share of hurdles. One of the most substantial financial challenges is navigating the closing costs associated with buying a home.

While these costs are inevitable, there are savvy strategies to minimize the financial impact and make your dream home more affordable.

Let's explore some ways to potentially reduce closing costs and make the home-buying process a smoother journey.

Shop Around for Third-Party Services:

Lenders often have preferred sources for closing services, but you have the flexibility to explore alternatives. Check section C of page 2 of your good faith loan estimate for listed services and consider opting for companies not on

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Millennials will be 28 - 43 years old in 2024, and despite the significant economic changes their generation has faced, more than half of them are now homeowners. Still more Millennials are projected to follow this pattern of success this year, so it’s little wonder that sellers who are Gen Xers or Boomers want to market properties to this younger generation. 

If you have placed your home on the market with the intention of targeting buyers aged 28 - 43 only to encounter crickets instead of an avalanche of offers, you have to be wondering why Millennial buyers aren’t interested in your home. Most importantly, what can you change to draw in this key demographic?

Decide on One Slice of Millennial Buyers 

You aren’t going to be able to draw in

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Are you a homeowner who plans to purchase your second home in 2024? If so, you will be applying for a mortgage under different circumstances than those under which you bought your first home. Securing a loan for a second home is more complicated, more difficult, and even includes two separate sets of rules - one for vacation homes and another for investment properties. 

Let’s examine these two types of homes, the rules that govern them, and the pros and cons of each approach when it comes to your finances. 

What Qualifies as a Vacation Home?

Your primary residence is where you’ll spend most of your time, of course, but you are permitted to have one or more vacation homes as well, or even a residence that you use as your office. Either way,

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Eyeing that perfect house but feeling a bit flustered by the talk of high mortgage rates? Don't let those numbers scare you off just yet! Here are some nifty tricks to navigate these high rates. Think of them as your secret weapons to bag that dream home, even when rates are playing hardball.

Let's dive into seven smart moves that could make those seemingly daunting rates work in your favor!

1.) Seller Sweeteners: Ever heard of seller concessions? Picture this: sellers covering a chunk of your closing costs, throwing in a shiny home warranty, or even leaving behind some dreamy appliances. When rates climb, sellers are often more game to negotiate these goodies.

2.) Closing Cost Cushion: Feeling the pinch of those upfront costs? Some

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It’s no secret that some of the most stressful parts of becoming a homeowner are securing a mortgage, locating your ideal property, placing a competitive offer, and navigating the intricacies of closing paperwork and processes. Of course, you have your agent to take care of you and your interests every step of the way! 

Once you have your keys in hand and the deed in your name, you may experience a whole new wave of thoughts and emotions—hopefully full of pride in your accomplishment and plans for your new home. You may also find yourself wondering: What happens now?

Here are some things to expect when you become a homeowner:

You Will Feel More Security and Freedom

Whether it happens as soon as you have the keys in hand, or a week later

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HGTV’s “Love it or List It” showcases an all-too-familiar conundrum for homeowners throughout Middle Tennessee and beyond. If you’ve seen the show, you know featured guests ask for help deciding whether to remodel and relist or remodel and stay put in their refreshed home. 

As much as you may feel like this show could feature you and your current predicament, the reality is that very few Americans have enough expendable cash, a team of professionals, and a hotel voucher to cover our time away from home. Still, you have a decision to make: should you stay, or should you go? 

Let’s break down the factors that are most likely to help you determine the answer to this question. 

You Should Stay If:

You Have Poor Credit

Life can throw up

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Finding the perfect home is thrilling, but the financial puzzle that accompanies it can be daunting. Luckily, government-backed home loan programs exist to smooth the path toward homeownership. If you're curious about these programs and how they can help you land that dream home, let's dive into the realm of government home loans.

Understanding Government Home Loans

Government home loans—like VA, FHA, and USDA loans—are backed by federal agencies, offering better terms and rates to eligible applicants. They're not confined to the conventional guidelines for income, debt, credit, and down payment set by Fannie Mae and Freddie Mac.

Working with Government Agencies

Approved mortgage lenders collaborate with government agencies to assist

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