Friday, March 11, 2016 / by Sonya McVeay
Headline: Five tips for first-time buyers
No matter how much time you spend on researching and educating yourself about your home purchase, it’s hard to cover every detail. Here are a few tips for avoiding rookie mistakes with your first home purchase.
1. Save as early as you can: Even if you think you’re years away from buying your first home, try to start saving for your down payment. It makes a huge difference in your monthly payments, and helps avoid paying Private Mortgage Insurance.
2. Be thorough with mortgage shopping: There are countless resources out there that can help you get the best terms for your mortgage. It may seem like a lot of work to shave less than a point off your mortgage rate, but it’ll save you thousands in the long run.
3. Consult a skeptic: You’re likely to fall in love with a home, and that can make it difficult to take problems seriously. Bring along a skeptical friend or family member who can give you an honesm ...
Thursday, March 10, 2016 / by Sonya McVeay
THDA is no longer a vehicle for low income households. With THDA you can receive down payment assistance in certain counties on a home priced up to $375,000.00.
Saturday, March 5, 2016 / by Donna Kaye Mauldin
Nashville, TN Area Real Estate
Thursday, January 14, 2016 / by Sonya McVeay
Make sure your house is move-in ready.
The last thing a buyer wants to do when they move into their new home is start fixing things.
If the house needs work, do it before you put it on the market.
If a buyer sees too many things that need to be changed or replaced, they will quickly lose interest.
So get out the paintbrushes and lawn equipment to get your home in tip top shape to sell quickly.
Wednesday, October 7, 2015 / by Sonya McVeay
WHAT IT COST YOU TO WAIT TO BUY A HOUSE
As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.
Let us explain.
There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.
What will happen over the next 12 months?
According to CoreLogic’s latest Home Price Index, prices are expected to rise by 4.7% by this time next year.
Additionally, Freddie Mac’s most recent Economic Commentary & Projections Tablepredicts that the 30-year fixed m ...