Buying a house is an exciting time but it can also be stressful. Be sure to follow these 5 tips to ensure a smoother home buying process!
* Get a home inspection! This will be the smartest money you have ever spent. Before you invest your hard earned money in a home you want to be entirely sure that the home is sturdy, up to code, safe, and free of need for expensive repairs!
* Get pre-approved for a mortgage loan BEFORE you start house hunting. There is nothing worse than falling in love with a house out of your price range or having a home bought before you can get the paperwork together for the loan. Being prepared can make all the difference!
* Make a realistic wish list of what you can afford. Rank the things that are most important at the top. The fact is that most homes are not going to meet your every whim but as long as they have the essentials you don’t want to rule it out.
* Get everything in writing. While you want to believe that you can trust everyone on their word it is simply a smarter business decision to have everything in writing. Specifically you will want the sellers to put every component of the deal on paper.
* Let your realtor do your talking. Any communication with the seller should go through your realtor as to avoid any miscommunication or misunderstanding. Your realtor has experience dealing with sellers and other agents and is better equipped to handle the nitty gritty of the real estate world.
Pendleton, IN: (July 28th, 2014)~ The Real Estate Pros announces the addition of Mandee Sears, Realtor. Based in Pendleton, Indiana, The Real Estate Pros is led by Keller Williams Indy Metro Northeast 2013 Top Selling Agent Heather Upton, who also brings ten years of successful real estate expertise and experience to homebuyers and sellers.
Mandee Sears grew up in a military family and therefore is very familiar with the process of moving from place to place. Once she had her own family she continued to move around and understands what it’s like to be the new kid on the block as well as the person saying good-bye to their beloved home. These experiences have naturally drawn her into a career in real estate.
Mandee and her family recently returned to Pendleton after fifteen years away and couldn’t be happier! Mandee and her husband are both graduates of Pendleton Heights High School so it is like coming home. Madison County is a wonderful place to live, work, and raise your family.
As a team member of The Real Estate Pros, she is committed to assisting you in your home buying or selling and eager to get the positive results that you are looking for. Mandee recognizes that buying or selling your home can be a stressful ordeal and she is here and dedicated to help it go as smooth as possible.
You don’t miss the open houses that we are holding today! All of the homes are beautiful, spacious, and priced to sell! Plus with our no pressure sales approach it will make for a wonderful Sunday afternoon activity! For more of our listings visit our website!
If you are starting the home buying process and are confused about the types of loans that are offered, don’t worry you are certainly not alone. While your lender should explain the differences, pros, and cons to each loan here is a quick overview so that you can have an idea before you meet with the lender.
Fixed Rate Mortgage Loan: This is a very common type of loan where the monthly payment amount is amortized (meaning the same) for a set amount of years. The amount of years can range from a 5 year fixed rate mortgage all the way up to a 50 year mortgage. In these loans you are paying more of the interest off in the beginning of the loan repayment and that dwindles as you pay more into principle. In these loans you can shorten the length of the loan by paying a bit more toward principle each month.
FHA Loan: These are especially handy for first time home buyers or those with not-so-great credit since the down payment requirement is minimal and your credit scores are not near as important. In fact, if your FICO score is 580 or above you only have to put down 3.5%. These loans are insured by the government through mortgage insurance that is funded into the loan.
USDA Loans: (sometimes called a rural development loan): These mortgages are designed to serve buyers in rural or small towns where credit availability can be tight.
VA Loans: These loans are reserved for active and retired military personnel.
If you quality for the USDA or VA loan than you can get the biggest loan for the least. Down payments can be as low as zero!
While there isn’t necessarily a “season” for selling your home it is widely accepted that most people don’t want to move when the weather is bad. Carrying your boxes and furniture through 6 inches of snow and slush is not appealing for anyone. This is why I am writing this now to let you know that right now is a great time to list your home. Houses, especially in Pendleton, are in such high demand that the amount of time it would spend on the market is minimal. With that being said it takes an average of 45-60 days once the home is under contract to settle. This would put moving day in September when the weather is usually mild and the fall months are beginning, an ideal time to move!
Another reason that selling now is a great idea is that your curb appeal will be in full swing unlike many of the other months. Any flowers you have are blooming, the grass is green, and the trees are providing ample shade. During the winter your home (and everyone’s home for that matter) does not look nearly as inviting.
As I mentioned before the demand is high in almost every market with makes for an easier sell. And with interest rates softening, the supply dwindling, and the demand growing it makes for the perfect storm of home selling. Be sure to take advantage of this time!
Last but not least if you are considering selling your house it is time to move on. Whether you want to move closer to family, downsize after the kids leave, or find more space for your growing family it is time to capitalize and take the plunge. If you have any questions or want a free evaluation on pricing your home feel free to give me a call at 317-572-5589~ I look forward to hearing from you!
We are very excited to announce 2 additions to our growing team. The first addition is realtor Kevin J. Guion who will serve as our team leader. Kevin and his family have lived in Lapel for years until their recent move to Cicero. With Kevin comes years of experience, he started his real estate career in 1989 with a break in there to follow his career dream of serving the homeless. His children are now grown and he has reignited his desire to be involved in real estate. Kevin will be focusing a great deal of his efforts to the Cicero, Noblesville, Lapel, and Pendleton areas. Almost as important as his experience and dedication is his charisma and innate ability to put people at ease. We look forward to learning tips and tricks to the real estate market from Kevin and hope you get a chance to meet him as well.
The second new team member we are thrilled to introduce is realtor Adrian Renner. Adrian lives in Anderson and has been a lifelong Madison County resident. Adrian has a strong desire to help our community thrive and grow. She stated that “real estate is the pulse of progress” and brings years of community experience and dedication to the table. Adrian is the ideal mix of drive and compassion that we need on our team. She is married with 6 kids which as any mother can attest shows her ability to multi-task, organize, and delegate which is essential in any real estate team. If you see Adrian make sure to welcome her!