There Are Major Incentives For Homeowners To Sell Their Homes Now

there-are-major-incentives-for-homeowners-to-sell-their-homes-nowNow is a great time to take out a new home loan because mortgage rates continue to hover near historic lows. As a result, many homeowners are refinancing to a lower rate. This is also the perfect time to move because homeowners can take out a new home loan with a lower interest rate. Mortgage rates will not remain at historic lows forever and have already begun to rise slowly this year. Homeowners should sell now and take out a new home loan before they rise too much.

Homeowners Can Take Advantage Of A Bidding War

Because the real estate market is so competitive right now, homeowners might be able to take advantage of a bidding war. With surveys showing that homeowners are getting more offers on their homes than ever before, this is an opportunity for homeowners to drive up the sale price.

Homeowners Can Speed Through The Closing Process

While many homeowners get frustrated about the time it takes to close a sale, home sales are closing faster than they ever have in the past. The number of all-cash sales is going up as well, which is also an opportunity for homeowners to close quickly. Anyone who is looking for a quick closing process should consider selling in the current market.

Homeowners Can Sell Without Updating The Home

Finally, this is also a great time for homeowners to sell because they might be able to sell their homes without updating anything. Instead of having to worry about home upgrades and cosmetic changes, homeowners might be able to get great value for the home as-is. This opportunity might not come along again for decades, so now is a great time to sell.

3 Reasons to Avoid Giving Wrong Information on Your Mortgage Application

3 Reasons to Avoid Giving Wrong Information on Your Mortgage ApplicationA mortgage application is typically several pages in length, and it requires you to provide a considerable amount of information about your personal, professional and financial life. Some mortgage applicants may not have access to all of the information when completing the application, and others may simply skim over the form and provide incomplete answers. These are only a few of the reasons why information on the mortgage application may not be accurate, but there are several key reasons why applicants should avoid giving inaccurate information.

Loan Approval is Based on It

The initial loan application will usualy serve as a basis for the pre-qualification of the mortgage request. The applicant may make a decision to move forward with an offer to purchase a home based on this pre-qualification, but the pre-qualification is based on the accuracy of the information that is initially provided to the lender in the loan application. If the information is incorrect then an applicant may not be able to qualify for the loan and the deal could fall through. 

Information Will Be Verified

The majority of the information that is provided by the applicant in the loan application will be verified at various points throughout the loan process. For example, a credit report may be pulled very early on in the loan process, and it may be used to document the accuracy of the debts and monthly payments that the applicant wrote on the loan application. Tax returns, pay stubs and other related documentation may also be required. Essentially, the lender will eventually have access the accurate data, so there is little benefit to provide inaccurate information up-front on the loan application.

It Is Against the Law

A final reason why it is not advisable to provide inaccurate information on the application is because this is illegal. There is a disclaimer on the standard mortgage application that goes into detail about the law regarding providing false information on a loan application. There are also disclosures that are signed before and during closing that relate to this.

Completing a loan application is among the first steps mortgage applicants take when applying for a loan, and it is easy to overlook the importance of providing accurate and detailed information at this stage in the process. It is best to take time complete the loan application as thoroughly and accurately as possible since it is a legal requirement and because of many other negative consequences. Those who have questions about how a loan application works or who would like to begin the loan application process can reach out to their trusted mortgage professional for assistance.

Surprising Secrets Of Successful Home Staging

surprising secrets of successful home staging Before you let a potential buyer see your home, take the following steps to ensure a great showing. These surprising secrets of successful home staging will help.

Maximize Horizontal Space

Horizontal space gives the illusion of spaciousness. Nearly every homebuyer wants to buy a home with lots of living space. The horizontal space you create doesn’t even need to be utilized. You can create the horizontal space by:

  • Clearing surfaces like countertops, tables and desks
  • Hanging floating bookshelves with nothing on them
  • Clearing the tops of kitchen cabinets

Invest In Fresh Flowers And Plants

Fresh flowers and plants evoke feelings of vitality and health. Homebuyers will respond positively when you use this tip. Place arrangements of fresh flowers and plants at strategic locations throughout the home. Be sure to avoid undoing your horizontal space clearing. Instead, consider placing fresh flowers and plants atop corner occasional tables, on outdoor decking, on each side of the front door, etc.

Stick To Neutral Paint Colors

Your bold tastes in color might not appeal to homebuyers. If you do need to paint a room to make it show-ready, stick to neutral colors. If your teen has painted their room black or some gaudy or bright color, it’s worth it to paint over it with a neutral tone. Otherwise, colors may be all your prospective homebuyers will remember about your home.

Rent A Storage Unit

Decluttering is a necessary step in staging. Buyers don’t want to see your assortment of desk accessories, perfume bottles, or family photo walls. Less is more. Gather all the excess clutter you can and box it up or hide it in drawers. Takedown wall decor, fold-up sofa throws, and corral kitchen appliances. Put all the clutter into boxes and bring it to a storage unit.  Afterward, your home will look more airy and spacious.

Hire Professional Cleaners

Hire professional cleaners to come in and get everything sparkling clean. Every home looks better when it’s clean. Even though you could do this yourself, professional cleaners will do a better job. This will save you the stress and still get your home in picture-perfect condition.

These home staging secrets will enable you to ensure that your home looks its best during showings. Remember, you have only one chance to make your home shine for buyers.