The Advantages Of Pre-Approval

The decision to purchase a home can be an exciting but sometimes confusing undertaking.  When beginning your search for the perfect home, there are a number of factors that you will want to consider.  Whether you are a first time buyer or already own a home and want to move up, getting pre-approval for your mortgage is a necessary and time saving step.  Here are some of the benefits of getting pre-approved!

Know Your Budget!

Getting pre-approved means that you will have a clear picture of the credit you have available to you to purchase your new home, as well as your price range.  This will prevent you from spending time looking at homes that may be out of your budget and perhaps getting attached to a home that you cannot afford.  It means that if you find the home that is right for you, it can more easily become yours!

Close Quickly

Getting pre-approved for your mortgage means that you can act more quickly once you find the home that is right for you.  The process of getting the mortgage approved is generally the longest and most complicated process in any home purchase.  It requires verification of your income and employment, an evaluation of your credit reports, and the completion of a loan application. Having this step completed can save weeks of time in the closing process.  Pre-approval also means that you have an advantage should a bidding war begin.  The seller can be confident that you can afford the bid you are making and that you can move quickly to finalize the sale.

Overall, there are a number of benefits to getting pre-approval for your mortgage before beginning the search for your new home. Most importantly, it can give you peace of mind in knowing that you are ready and able to make the commitment to homeownership, and that you are not wasting your time in looking at properties that you may not be able to afford.

What Is A Home Warranty Plan?

What Is A Home Warranty Plan?

A home warranty plan, also known as a home protection plan, is a service contract that offers homeowners a way to safeguard themselves against possible breakage or a malfunction within the home.  It's impossible to predict the future, which is why so many buyers look for that little extra peace of mind to comfort them when life unexpectedly throws them an unforeseen problem.

Who Needs A Home Warranty Plan

Basically, anyone who purchases a home and is concerned with the cost of repairs should consider a home warranty plan.  This is especially true of first-time home buyers who may not be familiar with home maintenance.

Factoring In The Cost

When factoring in the potential cost of repairing a major appliance or other home component, a home warranty plan may not be a bad investment.  The actual cost of warranty coverage will depend on the plan chosen and the items protected.  As is the case with everything in life, it's best to shop around and compare prices.

Who Pays For A Home Warranty Plan

As a buyer, you can order a home warranty plan in conjunction with the purchase of your home.  However, some sellers or builders may include this type of offering as an incentive to attract potential buyers.  In this case, the plan is yours at no additional cost.  Some REALTORS® may also offer a home warranty plan as a gift to customers who buy a home through their agency.

What's Covered & What's Not

Just like a car warranty, no two policies are the same.  Coverage varies by location and issuer, and your REALTOR® can help you to choose a warranty plan that best suits your needs.  Most basic plans cover a home's heating and cooling system, electrical system, plumbing, water heater and major appliances, including a dishwasher, range/oven/cooktop, garbage disposal, etc.  Coverage does not apply to items that are misused or damaged, either intentionally or through negligence.  Instead, most home warranty plans are designed to protect the homeowner from defects that result during the course of normal wear and tear.

When considering the purchase of a home warranty plan, review the complete contract and familiarize yourself with exactly what's covered under your policy.  If you want an upgraded policy, don't hesitate to ask your REALTOR® if one is available.  Most companies do not require a home inspection and will notify homeowners when their coverage is about to expire.  The good news is that most policies are renewable.

What To Do If A Problem Arises

If you are unable to satisfactorily resolve an issue with your home warranty plan, either due to denial of a claim or undesirable service, talk to the REALTOR® who sold you the home.  If he/she refers a lot of business to this particular company, it may be possible for him/her to speak with them about reaching an amicable resolution.

The purchase of a home is a big step and it's likely to be the largest purchase you will ever make, so be sure to consider all of the options available to help protect yourself from costly repairs.  Ask your REALTOR® for more information relating to available home warranty plans. 

Seven Tips for First Time Home Buyers

Seven Tips For First-Time Home Buyers

Now that you've made the decision to purchase your first home, a hearty congratulations is in order!  Becoming a homeowner, especially for the first time, can stir up some feelings of anxiety and excitement.  With the knowledge that you gain through individual research and the help of your REALTOR®, you will soon begin to feel like a seasoned house hunter.

Tip # 1: Do Your Homework

Did you know that there are a number of incentives available to first-time home buyers?  Everything from a 5-10 percent down payment and interest rates as low as 3.00 percent are just a few of the ways that lenders help to make the dream of home ownership into a reality for many.  An FHA loan, for instance, is especially appealing to first-time home buyers.  The best way to find out what's available, in terms of down payment requirements and interest rates, is to do your homework by comparing offerings from various lenders.

Tip # 2: Save Money

Although many loans are geared toward offering lower down payments to first-time home buyers, it's important to save as much money as possible so that you will have enough to provide an earnest money deposit (if applicable), pay for closing costs and still have the funds to furnish and decorate your new home.

Tip # 3: Get Your Credit Profile In Order

When you apply for a loan, the lender will access a copy of your credit report and will use the information to determine your creditworthiness and/or interest rate.  This means that you will want to make sure that the information contained in your credit report is accurate and up-to-date.  You can do this by requesting a copy of your file from each of the three major credit reporting agencies - Experian, Equifax and TransUnion.

In addition to past credit history, lenders will also look at your current debt ratio in order to determine whether or not you can afford the home.  This means that you may want to consider paying down some of your existing credit card debt and avoid taking on any new debt before applying for a mortgage.

Tip # 4: Start Your Search

With the World Wide Web being what it is today, it's no surprise that many potential home buyers start their search online.  A Realtor's Web site is designed to not only list real estate, but also to educate a buyer as they move through the process of searching for a new home.  In addition, the internet offers a way for consumers to browse through color photos and virtual tours, both interior and exterior, along with information pertaining to the homes themselves.  The convenience of being able to find a home that you like without having to wait is just one of the many benefits to shopping for a house online.  When you are finally ready to meet with a REALTOR®, you will already have one or more prospects in mind.

Tip # 5: Have Patience

Perhaps you will find the perfect house this week, or maybe it will take a little longer.  Some buyers find exactly what they are looking for right away, while others have to do a little more searching to find their dream home.  As a first-time home buyer, it's a good idea to begin the process with an understanding that good things really do come to those who wait.  You may see a number of homes, take numerous photos and may even make an offer or two, but patience may very well be the key to finding your new home.

Tip # 6: Take Notes

If you see a lot of homes, it will be impossible to remember the features of each.  For this reason, you should consider taking a notebook and writing down each unique or defining aspect that you like or dislike about a particular house.  This information, along with any photos that you take, will help you greatly when it's time to make a choice.

Tip # 7: Don't Settle

A home is a big investment and it could, quite possibly, be the largest you will ever make.  For this reason, along with the fact that you will be living in the home every day, make sure that you get what you want.  There could be an instance where you need to make some type of compromise, but you may want to avoid choosing something just because it's within your price range or you feel as though it's your only option.  New houses are placed on the market every day and, as a buyer, the next one listed may just be your dream home.

Need a Few Ideas to Help Organize your Garage?

Ideas For Organizing Your Garage

Believe it or not, your garage is not only made to house your automobiles.  In fact, you can use it for storage or even a work area for small household projects.  Whether you decide to keep tools, lawn care equipment or other accessories in the garage, organization is a must.

Maximize Your Workspace

If you use the garage for small woodworking projects or other chores that require a sturdy surface, consider installing a fold-down table on the interior wall.  When not in use, you can simply lift the table back up and into place.  This is a terrific idea for those who have a small garage or simply enjoy making the most out of their workspace.

Unclutter Your Clutter

If you have any items that are broken, outdated or simply unusable for any reason, toss them out.  One of the first steps to organizing your garage is to get rid of the things that you no longer need or can use.

If you have tools that are rarely used, put them away so that you can place the most commonly used tools in the forefront.  As a general rule, your garage will be more efficient if the things that you need on a regular basis are easily accessible.

Categorize & Sort

When it comes to organizing any part of your home, including the garage, properly categorizing your items is essential.  This will help you to locate everything quickly and efficiently.  You can use storage bins, shelves and even clear drawers for sorting your items.

Storage Solutions For Your Small Items

If you typically use your garage to store hardware, such as nails, bolts and other small items, try organizing them in a clear glass jar instead of leaving them lying loosely in a toolbox.  Not only is the proper storage safer, but it also allows you to easily view and retrieve the items as needed.  Used baby food jars are ideal for this purpose. 

Wall Mounting Is A Must

If you or your children own a bicycle or you need to find the perfect spot for your ladder or large tools, consider mounting them on the wall using the proper hook or other support.  It's important to note that larger items should be within reach to avoid injury while trying to retrieve them.  Mounting your large items on the garage walls will save on both yard and garage clutter and it's also a wise way to protect your items from being stolen.

Have You Prepared Your Garden for Winter? Weekly Home Tip #6

Getting Your Garden Ready For Winter

The beauty and relaxation that your garden can provide you and your family is certainly worth all the work you put in each year.  Putting in a little extra work at the end of the season, however, can make getting your garden ready next spring easier and can help keep your plants healthy through the winter months.  Here are a few great tips that will get your garden ready to handle the cold and snow.

Clean Up: Though not a favorite task of any gardener, it is a very necessary step to getting your garden ready for winter.  Remove your annuals, empty and store any pots and containers, and give your garden one last mow.  Also, raking up all those leaves is one chore all homeowners are familiar with each autumn, but they do make great mulch for your perennials and vegetable garden, and are also a great addition to your compost.

Plant Or Relocate Trees And Shrubs: The fall is the best time to get new trees into the ground, or move those you have earmarked to be relocated.  The best strategy is to choose trees that are hardy for your zone, as it makes their survival more likely and maintenance easier.  Also, choosing evergreens and shrubs that produce berries in the winter months can make your garden more interesting and provide activity for birds and other wildlife.

Protect Your Trees: For new or young trees this is an important step you'll not want to forget in winterizing your garden.  Covering trees and shrubs with burlap is most important in areas that have exposure to northwest winds and high sun.  Be sure, however, not to do this too early in the season, in order to prevent rot.  It is also a good idea to give your evergreens plenty of water to prevent burnout.

Test Soil And Mulch: After the ground freezes be sure to add mulch to your perennial garden.  This will protect both your soil and plants through the long winter months, as well as provide much needed nutrients for spring.  This is also a good time to test the pH of your soil to see if it is lacking any essential minerals for the next growing season.

Plant Spring Bulbs: This is also the time of year to get your spring bulbs into the ground. Be sure that you do this before the first frost, and give them plenty of water when planting them.

Unlike all the work you put into your garden in spring, winter clean-up can seem like a difficult and unrewarding task, but with this effort you will keep your garden in tip-top shape for the growing season ahead!

Remember if you would like a specific topic covered contact me and I will gladly research for you!!

Trick or Treat Safety Tips

Halloween Safety Tips

On October 31 of every year, children around the nation enjoy carving jack-o-lanterns, dressing up in their favorite costumes and going out trick-or-treating for candy and treats.  Although the traditions of Halloween have been longstanding, it is important that both parents and children approach the occasion with a combination of diligence, forethought and safety in mind.

Costume Selection

When children choose a Halloween costume, they think more about the style and character than the actual safety aspect.  It's important that any mask be designed in such a way that does not obstruct the child's view while being worn.  In addition, a costume should be comfortable and not restrict movement or increase the risk of the child stumbling or falling.  Therefore, the costume's length must also be considered.  Bright colors also are recommended so they can be easily seen.  

Chaperone Requirements

In a perfect world, it would be safe for children to go out and enjoy Halloween by trick-or-treating in the nearby area or neighborhood.  However, this is not a perfect world and it's important that an adult accompany children who are outdoors and/or trick-or-treating.  Ideally, there should be one adult for every 2-3 children.  This is especially important in large groups, where it may take more than one adult to supervise multiple children at once.

Must-Have Accessories

Because trick-or-treating typically occurs in the evening hours, it's important to have a working flashlight on hand.  Add fresh batteries to ensure it will last through the night.  Adults should carry their cell phone in case of car trouble or to reach emergency contacts, if needed.

Rules Of The Road

When trick-or-treating, always remain in well-lit areas.  This includes areas with working street lights and homes that have a porch light turned on, which is a sign that the homeowner(s) welcomes trick-or-treaters.  If the house is dark and/or the porch light is off, avoid the home and continue on to the next one.

One of the greatest attractions of Halloween to a child is that of trick-or-treating and the prospect of receiving candy and other treats.  It's important that both parents and children know which types of candy are safe and which are not.  Candy that is unwrapped or is not factory sealed should not be eaten.  Instead, it should be thrown away.  In addition, candy with expiration dates that have passed or anything that's homemade should be discarded.  With this in mind, it is recommended that nothing is eaten until parents and children examine all of the “loot” once everyone gets home.

Observing Local Curfews

Trick-or-treating is typically designated at a certain time for every area.  This means that some towns may allow trick-or-treating on the night before or the night of Halloween.  Additionally, there are specific hours and age limits that must be observed by all who choose to trick-or-treat.  It's important that both children and adults understand the local rules and adhere to them strictly.  If you are concerned about missing the curfew, wear a watch that lights up with the touch of a button.  This will allow you to easily see your watch face in the dark and will ensure that everyone gets home on time.

Weekly Home Tip 5 - Is Your House Ready for Winter??

FIVE QUICK TIPS TO GET YOUR HOME READY FOR WINTER

Roof repairs: If you can safely get onto your roof to inspect for missing shingles or other factors that may lead to a leaky roof, now's the time to do it!  If not, call in a professional organization and have them take care of the rooftop work for you.

Seal it off: Inspect doors and windows to ensure that the weather-stripping is in good condition.  This will keep your house warmer and cozier in the winter months.

Hot stuff: Make sure that your heater and ventilation systems are in good working order!  Clean out accessible ducts and replace filters where necessary.

Chimney sweep: Creosote, a black substance that builds up in the chimney when wood is burned, can cause chimney fires.  Inspect your chimney for creosote and call a chimney sweep to keep your fireplace safe and functional.

Gutter check: Now's the time to clean out those rain gutters again!  If you want to do it yourself, make sure that you can safely access the gutters and then scoop out any debris, blast the drains clean with a high-powered hose, and repair any leaks you may find along the way.

Would you like a specific topic covered?  Contact me and I will do the research for you.