home buyers in northern virginia: 6 Expenses Home Buyers Often Overlook
- 02/19/17 06:27 AM
6 Expenses Home Buyers Often Overlook Becoming a homeowner is exciting but, it’s also a big investment and one that requires a lot of thought and preparation to make. Be sure to factor in these expenses that home buyers frequently overlook.
Home Inspection – while a home inspection isn’t required it is money WELL SPENT. Once you have made an offer on a home it’s in your best interest to have a professional conduct a home inspection for you. The cost varies on the size and type of home. In the Northern Virginia area they range from $250 to $750.
Appraisal – If … (26 comments)
home buyers in northern virginia: Home Buyer Pitfalls – Part 3
- 02/04/17 06:29 AM
Home Buyer Pitfalls – Part 3 This week we will conclude our Home Buyer Pitfalls series with part 3. We originally planned to share a 2 part series but, after talking with one of our preferred lenders, Brian Kempf with George Mason Mortgage we wanted to share some insight on what he is seeing buyers struggle with when getting their financing in place.
Excessive Use of Credit Cards – we’re all coming off the holidays and we know that’s the season of giving but, if you’re purchasing a home you have to be careful. Ideally utilizing 30% of your available credit is … (19 comments)
home buyers in northern virginia: Home Buyer Pitfalls – Part 2
- 01/26/17 10:51 AM
Home Buyer Pitfalls – Part 2 As we mentioned last week in part 1 of our Home Buyer Pitfalls series buying a home is a big decision and an even bigger investment. Let’s look at three more pitfalls this week that home buyers should avoid.
Always Looking For A Better Deal – when you’re looking for a new home it’s important to understand there are always going to be homes entering the market; it’s inevitable inventory will fluctuate. Buyers know when they’ve found “the one” – sounds cliché but, it’s true. Trust your instincts and be prepared to make an offer. Always looking … (19 comments)
home buyers in northern virginia: Home Buyer Pitfalls – Part 1
- 01/19/17 03:00 PM
Home Buyer Pitfalls – Part 1 Buying a home is one of, if not the biggest investment most people make during their lifetime. It can be a process with many unknowns because the majority of home buyers purchase between 1 and 4 homes throughout their lives. Planning ahead and preparing for your home purchase will save you a lot of time and stress. Emotional mistakes are common among home buyers because they let feelings cloud their judgment. Buyers shouldn't beat themselves up for getting emotional though, buying a home is a big deal! That said avoiding these pitfalls can save you a … (11 comments)
home buyers in northern virginia: Why Buyers Should Get Pre-Approved Before Seeing Alexandria Properties
- 01/09/17 09:17 AM
Why Buyers Should Get Pre-Approved Before Seeing Alexandria Properties If you are thinking of buying a home, do not miss the critical introductory step of getting a home loan pre-approval. What is a pre-approval? A pre-approval evaluates your financial information and credit rating to assess whether you can be approved for financing. It is not a promise of a mortgage but, it is the best estimation in lieu of a full application. Receiving a pre-approval letter is important for several reasons. This blog provides reasons why buyers should get pre-approvals before seeing properties.
Know Your Price Range Loan options and mortgage rates will vary. A … (16 comments)
home buyers in northern virginia: Buyers – Change The Locks After Closing
- 02/09/14 09:55 PM
Buyers – Change The Locks After Closing One of the most frequent questions I get asked from buyers as we near closing is do we have to change the locks? Do you have to – no. Should you? 100% yes! The chances of the sellers coming back and entering the home are probably slim to none but, you just never know. The greater risk comes from anyone they might have given a key to over the years. There could be an endless trail of keys floating around. How do you know if the previous owners changed the locks when they moved in? You … (80 comments)
Buying A New Car Do not buy a new car at any point while shopping for a house. Once approved for a mortgage buying a new car can take you from approved to declined in a matter of seconds or can change how much you qualify for. A car payment changes debt to income ratios drastically and if you didn’t … (3 comments)
6 Expenses Home Buyers Often Overlook
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