4 Misconceptions About Mortgages

Are you ready for the spring market?

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There may be snow on the ground but Spring is just around the corner!

In most real estate markets the spring is the most common time to be selling a home, for multiple reasons.

  • Supply of ready, willing, and able buyers is the highest in the spring
  • Buyers typically get their income tax returns during the spring which can be put towards the purchase of a home
  • More daylight meaning homes will typically show better
  • Landscaping and curb appeal during the spring is better than the fall or winter months

 

What can you do to get ready?

Get Pre-Approved Before Spring
You need to be pre-approved for your loan, of course. Why get pre-approved months in advance? In most cases, there are ways to massage your circumstances to get you approved to borrow more, or to get a better rate.

 

Get your home ready!

Clean & Organize
I know it’s cliché but it’s imperative to give your home a thorough “spring cleaning.” This doesn’t mean wait until spring though. Be proactive and start cleaning now; you’ll be glad you didn’t wait. A huge turnoff for prospective buyers are foul odors. Things such as smoke odors and pet odors can kill home sales.

Begin Packing and Organizing Your Belongings
There’s no way to know for sure how long it will take for your home to sell – it could take a month, or years – and while it may seem crazy to start packing up your stuff before a sale occurs, it’s best to be prepared for any outcome.

Make Repairs and Improvements
The last thing anyone wants to do before they sell their home is to dump a bunch of money into it for an extensive renovation; however, there are minor repairs and improvements that can be made to make a home look fresher for potential buyers. (fresh paint, fresh hardware, etc…)

 

For more tips for Sellers & Buyers visit HomesWithCathy.com

6 Expenses to Include in Your Homebuying Budget

First-time homebuyers are sometimes caught off guard by overlooked expenses, which can create an uncomfortable financial pinch. Be sure you consider these one-time and ongoing expenses.
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1. Home Inspection
For a few hundred dollars, an inspection can uncover potential trouble such as structural problems or asbestos.

2. Home Maintenance
Experts recommend setting aside 1 to 3%* of the home’s purchase price for annual maintenance. For example, you may need to buy lawn care equipment or replace the roof, furnace, or water heater.

3. Taxes And Insurance
Property taxes and homeowners insurance aren’t always included in mortgage payment calculators.

4. Extra Cash At Closing
Your lender should give you a detailed estimate of closing costs. But beyond those, you may have to pay additional expenses, such as a prorated portion of property taxes or homeowners association fees that the seller has already paid.

5. The Move
Whether you hire professional movers for a few thousand dollars or rent a truck, buy boxes and recruit friends to help, moving costs money.

6. Settling In
You may have to pay utility connection fees when you move in, plus utility costs may be higher than you were used to as a renter. Other costs include lock replacements and decorating expenses.

Your Guide to November

 

  

General Election Day

 

Determines our elected officials on the federal, state, and local levels. Remember to vote!

 

 

 

 

 

Veterans Day (Observed Nov. 12)

 

 

In honor of all the brave men and women who have served our country: Thank you for your service.

 

 

 

 

 

 

World Diabetes Day

 

A global campaign to raise awareness for people with diabetes. Learn more and take action atworlddiabetesday.org.

 

 

 

 Great American Smokeout

 

An event sponsored by the American Cancer Society that challenges people to stop smoking and provides resources to help them quit.

 

 

 

 

 

 

National Adoption Day

 

Brings awareness to the more than 117,000 children in foster care who are awaiting a forever family.

 

 

 

 

 

 Thanksgiving

 

A time to gather with the ones we love and reflect on what we’re thankful for. Happy Thanksgiving to you and yours!

 

 

 

 

 

  

Black Friday

 

The official kickoff to the holiday shopping season, for those who love a good deal and don’t mind a crowd.

 

 

 

 

 

 

Cyber Monday

 

For those who love snagging a deal but do mind a crowd, shop from the comfort of your computer. Happy shopping!

 

 

 

 

 

 

November = Movember: a movement that encourages men to grow a mustache as a symbol of celebrating men’s health and to raise awareness regarding different male diseases.

November is the birth month of famous people such as Mark Twain, Winston Churchill, Georgia O’Keeffe, Bruce Lee, Scarlett Johansson, Martin Luther, Demi Moore, Leonardo DiCaprio, and Gordon Ramsay.

The Parker Brothers introduced the world to the Monopoly game on November 5, 1935.