Category Archives: Home Improvments

Choosing The Right Closing Date & Why It’s Important!

Closing Date

If you are buying a home, it is important for you to have a say in choosing your closing date. Selecting the right day can help you avoid spending unnecessary cash and reduce the odds that a deal-delaying mistake is made.

“For most buyers, a home is the most important purchase they’ll make, and the closing is the beginning of it,” says Scott Penner, a real-estate attorney in Milford, Conn.

Mortgage lenders will generally need up to 45 days to approve financing, Penner says. But beyond that, buyers should work with their lenders and agents to find a date that works for all parties. Here are three tips that experts say homebuyers should review before selecting a closing date. (Bing: What are the average closing costs in your state?)

1. Consider month’s end if cash is low
If you’re buying a home and cash flow is an issue, choosing a closing date near the end of the month will reduce the amount of prepaid interest you have to pay, says Shandra Sullivan, a real-estate agent with Solid Source Realty in Atlanta.

Typically, borrowers prepay interest to cover the period from the closing date until month’s end, and then they skip another month before their mortgage payment is due, she says.

MSN Money: 13 tips for better credit in 2013
A closing on Jan. 1 requires more prepaid interest than a closing on Jan. 31, so scheduling a later date could help if closing funds are a concern, Sullivan says. However, this is more of a cash-flow strategy rather than a money-saving tactic, she says. “If you’re tight on cash and need to minimize the amount you bring to the closing table, there’s an argument that can be made to wait to close until later in the month,” Penner says.

There is a potential drawback, however. Other buyers will likely schedule their closings at the end of the month for the same cash-flow reasons, causing a rush for lenders, says John Walsh, president of Total Mortgage Services in Milford, Conn.

Article continues below

2-Minute House Hunter: Closing Costs
Real-estate expert Brandi Vanderbeek sheds light on closing costs and how to prepare for them.

NOW PLAYING

UP NEXT

If the mortgage broker is backlogged or there’s a glitch somewhere along the way, the closing could be delayed into the next month. Walsh suggests a compromise: Schedule your closing sometime during the last two weeks of the month. This would cut down on the amount of prepaid interest and still give you enough wiggle room if your closing date is pushed back.

results by

Real Estate Niagara: First Time Home Buyers

First-Time-Home-Buyers.jpg
Common Questions from First-time Homebuyers – HUD
Common Questions from First-time Homebuyers …

MHFA gives Minnesota’s First Time Home Buyer…
More results from Bing:web | videos | images
2. Know when you’re ready to move
Schedule the closing date around the time you are ready to take possession of your new home, Sullivan says.

On our blog, ‘Listed’: View of homeownership shifting
For some people, taking possession means moving in. For others, it is when they start renovations on the property, Sullivan says. Either way, she says many buyers make the mistake of scheduling the closing at the end of one month to save on prepaid interest, but then don’t take possession until the middle of the next month.

“There’s no need to pay for a property you’re not utilizing,” Sullivan says. Instead, ensure the closing date is scheduled for when you are physically ready for your home, she says.

Another tip is to coordinate the move-in date with the move-out date of the property you’re leaving. “You won’t have to pay for temporary housing before the move,” Sullivan says.

Renting? Find a great place here
3. Beat the holiday rush
Many owners want to schedule a closing right before a holiday so they can use the down time to move, Walsh says. A better choice is to schedule the closing within a few days of the holiday, not the last business day before, he says.

“I wouldn’t schedule the Wednesday before Thanksgiving. If [because of a delay] you don’t end up closing on that day, you’re not going to close until the following week,” Walsh says.

Read: 6 tips for a painless closing

The same rule applies for Friday deals. “You get this mad rush to close right before those weekends, and many things are done last-minute,” Penner says. More mistakes can occur if people are rushing through their paperwork to beat the Friday deadline, he says.

Instead, Penner suggests setting the closing date for the middle of the week, so that participants aren’t as hurried.

When it comes to selecting the best day to close on a home, it’s important to prioritize time for funding and make moving arrangements. After that, homebuyers should work with their agents and lenders to find a date that’s good for all participants but that allows leeway in case there’s a small delay.
Closing DateClosing Date

Source: Coldwell Banker LLC

Advertisements

Leave a comment

Filed under Before Buying a House, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound, Grapevine, Grapevine Texas REALTOR, Highland Village, Home Decor On A Budget, Home Improvments, Interest Rates, Real Estate, Texas, Texas Homes For Sale, Texas Real Estate, Uncategorized

It’s a Seller’s Market in Texas!

market

Suddenly, it’s a seller’s market in Texas? What happened?

Texas weathered the national recession better than most states. Affordable home prices, continued job growth, and Texans’ can-do attitude have all helped.

But has the pendulum already swung back to a seller’s market in the Lone Star State, with home prices creeping up again and buyers potentially facing bidding wars? We sure think so. No better time to list!

Leave a comment

Filed under Before Buying a House, Dallas Real Estate, Dallas Texas REALTOR, Flower Mound, Grapevine Texas REALTOR, Highland Village, Home Decor, Home Decor On A Budget, Home Improvments, Interest Rates, Real Estate, Texas, Texas Real Estate, Uncategorized

Country Living At Its Best with Room to Roam For You & Your Horses!


Beautiful Home With Country Living with Horse Property Too!


Overview
Maps
Photos
Description

$499,000
Single Family Home
Main Features
4 Bedrooms
5 Bathrooms
1 Unit
Interior: 4,620 sqft
Lot: 3.26 acre(s)
Location
2005 Parker Road
St Paul, TX 75098
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Jim Striegel

Jim Striegel

(972) 899.0634
JStriegel@Realtor.com
http://www.JimStriegel.com

   

Listed by: Jim Striegel Team, Real Estate Connections

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com

Leave a comment

Filed under Before Buying a House, Dallas Texas REALTOR, Flower Mound, Grapevine Texas REALTOR, Highland Village, Home Decor, Home Decor On A Budget, Home Improvments, Interest Rates, Real Estate, Rentals, Texas, Uncategorized

Holiday Home for Sale

When you look at your holiday calendars you may find the months already overloaded with seasonal obligations — shopping, entertaining, children’s pageants, charity work, decorating the house, and so much more. If you are also trying to sell your home in the Dallas/Fort Worth area during the holidays, you are under extra pressure to keep your home in “showtime” condition. And that could be the last thing you need before the holiday spirit is broken.

It is understandable why you would be tempted to take your home off the market during the holidays. Better to just pack it in and start fresh in January, right?

Not exactly. Top-selling REALTORS® say taking your home off the market during the Christmas season is a mistake. Jennie Ling, a vice president of Virginia Cook REALTORS® and the number one sales person in her company for almost every one of her more than 35 years in the real estate business, says ”The holidays are my best-selling period. Why? Because most people take off work sometime during the season. The husband and wife are both off and want to see houses. I showed homes on New Year’s Day last year. I like the holidays because the buyers have more time, and they can look at homes together.”

Before you take your home off the market, consider the following points:

Although buyer activity may appear to slow down, the buyers who are actively looking during the holidays are that much more serious. Ling believes the home market is no more affected at Christmas than during other “busy” period. If that were so, the market would shut down throughout the year as families concentrate on spring weddings, June graduations, summer vacations, and autumn back-to-school activities.

Many buyers deliberately choose to shop for a home after the busy spring and summer rush. They know that it will be easier to look, and that negotiations will be less stressful. They may not have children, or they may have grown children, so moving to accommodate the school year isn’t a consideration. Finding the right home at the right price, however, is.

Relocating families often don’t have a choice in when they can leave for their new destination. Although 68 percent of transferring families have children, many families have to transfer during the middle of the school year. These families are that much more motivated to get their families settled in either before the January semester begins, or to arrange for the move during spring break in March. If you sign a contract by New Year’s Eve, the timing couldn’t be more perfect.

At Christmastime, our culture focuses on family and the home. Preparing for the indoor activities of winter is one of the most enjoyable periods of family life. Allowing buyers to view your home during this most hospitable of seasons lets them better picture their own family life in the attractive environment you have created.

With reduced inventories and motivated buyers, you will have all the members of the MLS on your team. You may find you have more showings than you would if you marketed your home during a busier time of the year.

If you do get a contract, you can arrange the terms to suit your needs. If moving during the holidays isn’t an option, you can put in the closing date of your choice. “Most people can close 30 to 60 days after a contract is written, so there is plenty of time,” Ling says. “Possession and closings are are very negotiable.”

If, after reading this article, you feel the timing may be right to try and sell your Nashville home during this holiday season, then let’s talk, weigh out the pros and cons and see if selling your home during the holidays would be good for you!

Source: http://nativenashvillehomes.com

Leave a comment

Filed under Before Buying a House, Dallas Texas REALTOR, Flower Mound, Grapevine Texas REALTOR, Highland Village, Home Decor, Home Improvments, Open House, Real Estate, Rentals, Texas, Uncategorized

Painting for a Home Sale

Making the proper impression is a major factor in attracting prospective home buyers and keeping their interest. One of the best ways to do that when selling a home is to repaint key areas of the home. The entire thing does not necessarily need a new paint job, unless the current one is significantly flawed.

Important areas

According to Paint Quality Institute expert Debbie Zimmer, determining where to apply fresh paint is as much a psychological question as anything else. As a result, the front door can be a key spot. Before prospective buyers come inside, this will form part of their first impression of the property. If it looks shabby, that perception may color their opinions of the rest of the home, even if it is in better condition. Aside from being pleasant in its own right, an attractive front door conveys the impression that the sellers have taken care of the home, a good first impression to make.

The area just inside the door is also important. This is the first part of the home’s interior that prospective buyers will get a clear view of, and can profoundly affect their opinion of the home and their ability to picture themselves living there. Zimmer notes it may be particularly important to look over any rooms where children and pets have spent significant amounts of time. The Washington Post notes that new paint can appeal more strongly to buyers who wish to avoid working on a home themselves, whereas colors they do not care for may cause them to begin thinking about the time or money they would need to spend repainting.

Coloring

To make it easier for potential future residents to imagine themselves living in the home, Zimmer recommends selecting white, off-white or another quiet color, since these appeal to most people. Home sellers should carefully consider whether to do any repainting themselves, keeping in mind that rushed or visibly unprofessional work may need to be fixed.

One real estate agent told The Washington Post repainting has an added advantage. It can make a home look much better in photographs, an important consideration in an era where buyers commonly examine a number of houses online before determining which to visit.

photo credit: Chiot’s Run via photopin cc

Source: Coldwell Banker LLC

Leave a comment

Filed under Before Buying a House, Dallas Texas REALTOR, Flower Mound, Gardening, Grapevine Texas REALTOR, Highland Village, Home Decor, Home Decor On A Budget, Home Improvments, Real Estate, Rentals, Texas, Uncategorized

10 Property Investment Tips


2012 is being touted as the year to invest in properties. But before you pounce on the first okay looking apartment you see, here are some tips to make sure that your investment will be worth it.

1. Do your research!

Knowledge, especially in the real estate industry is more than half the battle. Before you jump to the more exciting part such as house visits, make sure you have a working knowledge of the real estate market.

Know the differences between mortgages and moulding, so you won’t be clueless about what your broker is talking about. Having enough knowledge would also make you more attuned to reading between the lines of real estate listings.

Lastly, know what you want in a house. Knowing exactly what you’re looking for saves a lot of time and effort.

2. Make sure you can afford it

While you might have scraped up enough savings for the down payment, make sure you have enough monthly income for the mortgage and other hidden payments.

Buying a home is not something to scrimp on, so make sure you have more than enough cash on hand just in case your dream house is selling for a slightly steeper price than what you have projected.

3. Don’t be in a hurry

Rome wasn’t built in a day, and your dream house can’t be found in a short time either. Resign yourself to the fact that several of your weekends might have to be allotted for open houses and house visits with your broker.

Don’t look for a house to invest in when you desperately need one too. My suggestion is to rent for the time being so you won’t feel pressured to plunk your money down in an investment that you don’t love.

4. Start with your current networks

Before attacking the real estate section of your city’s newspaper, casually ask friends or families if they know of any houses for sale. Usually the recommendations of people close to you are more trust worthy that the best worded ad in the paper.

Asking your networks would also alert you to some hidden gems that might be selling at a bargain. So inform your friends and family once you are thinking of investing in real estate, their tips might prove to be invaluable to your hunt.

5. Go for the long haul

It doesn’t make sense to invest in a property that you can only see yourself living in for a short span of time. Make sure to consider not just your present needs but also future ones such as an extra bedroom for your future kids.

Another option for finding properties that are too good to pass up is to buy it then have it rented out, just make sure you have the money to spare in case you won’t find renters immediately.

6. Ask for help from someone more experienced

Having a real estate agent is costly, but it’s definitely worth the investment if you are a newbie to the real estate market. Just make sure to hire an agent that is trustworthy and has your best interests at heart.

Once you’ve hired an agent, don’t hesitate to ask him or her questions because that’s what they’re there for. Chances are, they would even appreciate your proactivity in looking for a house and will be more inclined to help you out.

7. Buy what you love

This is a no brainer. Make sure you are positively head over heels in love with a house before signing the contract. This love for your new home will be what will fuel you to make all those monthly payments at the bank.

8. Check out your neighbors and the rest of the community

Remember that you aren’t just buying the house in isolation, you are also buying into the whole community as well. Make sure that your neighbors are people you are comfortable with and that their lifestyles won’t clash with yours.

Having great neighbors is a priceless asset in the city, so make sure that you can readily make friends with the couple next door to borrow an extra cup of sugar or when you need an emergency baby sitter.

9. Accessibility is gold in the city

Even if you find the perfect house, it’s a bummer if you can’t spend time in it because your daily commute takes more than a couple of hours. Be realistic and find a home that is near your workplace and all the other places you’re used to going to.

10. Read the fine print

Lastly, don’t get caught up in the excitement of being a homeowner at last. Read everything that you sign and speak up if there’s something that sounds fishy in the contract.

Source: IncomeTherapy.com

Leave a comment

Filed under Before Buying a House, Dallas Texas REALTOR, Flower Mound, Grapevine Texas REALTOR, Highland Village, Home Decor, Home Decor On A Budget, Home Improvments, Interest Rates, Lakeside DFW, Real Estate, Rentals, Texas, Uncategorized

Amazing Highland Village, Texas Home For Sale!


Impeccably Clean Energy Star Rated Milan floor plan by Stillbrooke in Highland Village, Texas!


Overview
Maps
Photos
Description
Neighborhood

$429,900
Single Family Home
Main Features
5 Bedrooms
4 Bathrooms
1 Unit
Interior: 3,630 sqft
Lot: 8,276 sqft
Location
2720 Chapel Springs Drive
Highland Village, TX 75077
USA
To get updates on open home dates and other property events, please click the “Like” button below:


Jim Striegel

Jim Striegel

(972) 899.0634
JStriegel@Realtor.com
http://www.JimStriegel.com

   

Listed by: Jim Striegel Team, Real Estate Connections

Our recent listings

Subscribe to our listing feed

Nearby properties for sale

Powered By RealBird.com

Leave a comment

Filed under Before Buying a House, Dallas Texas REALTOR, Flower Mound, Gardening, Grapevine Texas REALTOR, Home Decor, Home Decor On A Budget, Home Improvments, Interest Rates, Real Estate, Rentals, Texas