The Difference Between Hard and Soft Credit Inquiries
March 07, 2019
If you’ve received credit offer after offer in which you’re “pre-approved” for a certain product, you may wonder how the lender made their decision.The insurance/credit card/mortgage company likely made a “soft” credit inquiry into your report without your permission, allowing them a glimpse of your credit.Soft credit inquiryIn addition to those pre-approval offers, ...
Never underestimate what a real estate agent does...
March 07, 2019
You may think that the real estate agent’s life consists of basically showing you some properties and getting you to sign some papers and showing up on closing day, while taking several vacations in between working. Some buyers/sellers may even take an issue with their agent grossing 3% commission on the sale, because you can’t SEE ...
More Balance For Housing Market In 2019
March 07, 2019
More Balance For Housing Market In 2019Mortgage Bankers Association Chief Economist Mike Fratantoni does sees reasons to be positive about the housing market over the next 12 months."I think next year will be closer to a balanced market for buyers, and because of the strong job market, and because you have a lot of millennial buyers entering ...
Biggest Challenges For Real Estate Firms Over Next 2 Years
March 07, 2019
March 7, 2019Source: https://magazine.realtor/daily-news/2019/03/07/biggest-challenges-for-real-estate-firms-over-next-2-yearsKeeping up with technology, facing increased competition from nontraditional market participants, and growing concerns over housing affordability are the top challenges that real estate firms say they’re increasingly alarmed about, according to the National Association of REALTORS®’ newly released 2019 Profile of Real Estate Firms. NAR’s report is based on a survey ...
Weekly mortgage applications rise 3.6%, a sign of hope for the spring homebuying season
March 06, 2019
https://www.cnbc.com/2019/02/20/weekly-mortgage-applications-rise-3point6percent.html?__source=sharebar|facebook&par=sharebar&fbclid=IwAR194WhWn4pWvpU2rNUM1OqTosjCWzpK8O85qnsncBDjjBIXBDb8Pe4gK6s...
February 2019 Home Sales Manchester TN 37355
March 05, 2019
In February 2019, there were 58 sales in Coffee County, TN. The average square feet was 1730 and average sales price was $175,948. Thinking of purchasing a home or selling yours? Now is the perfect time! Call Lora Pratt-Umbarger / EXIT Realty Partners at 931-723-3300 or 931-272-3784. Visit www.LoraUmbarger.com for up ...
Your Stress-Free Guide to Shopping for Home Loans
March 04, 2019
With this super-simple breakdown of loan types, you won’t get overwhelmed — you’ll find the right mortgage. When it comes to buying a house, most people know what they prefer: a bungalow or a condo, a hot neighborhood or a sleepy street.Mortgages, too, come in many styles — and recognizing which type you should choose ...
6 Tips Before You Sell Your Home
March 04, 2019
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Plan Ahead For Your First Home FHA Loan
March 01, 2019
You can never start planning too early when it comes to buying your first home. There are a lot of variables to take into account when planning your FHA home loan including the nature of your home loan itself.FHA Home Loans: Different Loans For Different NeedsThe first-time home buyer who wants to buy real estate that needs repairs ...
5 Tips For First Time Home Buyers - Avoid Paying Too Much For a Mortgage
March 01, 2019
Home ownership is a core component in establishing and living the American Dream. For most people, the ambition to acquire their own home is their most important goal, surpassing all others, and it is the primary influence and motivation for how they conduct their business, financial, and personal lives.Most people will have to finance their home ownership by ...
Best mortgage tips for 2019
March 01, 2019
The new year has brought changes for homeowners and homebuyers alike. Higher mortgage limits for conforming loans, thanks to Fannie Mae and Freddie Mac, mean homebuyers have more leeway when it comes to shopping for a house.Meanwhile, baby boomers are gearing up for home makeovers, according to one study — and equity can be one way to foot ...
Selling Your Home Spring
February 28, 2019
Selling Your Home Spring Anytime is a good time to sell your home. Homes that are priced right will always sell.Springtime is a time for cleaning up yard. Power washing home and sidewalks.Open up and air out the inside. Clean base boards. Buyers do look at that.Wash you pet beding often. Move cat litter to a ...
Spring Home Maintenance Checklist!
February 26, 2019
March☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐Inspect your fire extinguisher(s)April☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐Inspect your fire extinguisher(s)May☐ Inspect, and possibly change out HVAC filters☐ Clean kitchen sink disposal☐ Clean range hood filters☐Inspect your fire extinguisher(s)Quarterly☐ Test smoke/carbon monoxide detectors☐ ...
Tax Breaks for First-Time Homebuyers
February 19, 2019
Tax season is here, so make sure you’re tapping into homebuyer tax benefits. Buying a home requires hefty initial costs, like a down payment and closing expenses. There are a host of things, however, such as federal grants, tax credits and other options you can research to make your first home more affordable. Take note of the first-time ...
When to Talk to a Lender
February 19, 2019
Most first time home buyers believe they should only talk to a lender when they are ready to buy now. That is not always the case. Most FTHBs aren’t familiar with what is needed on the financing part of home buying. A lot of things come into play such as your credit score, lines of ...
Inspecting your home before spring selling season
February 18, 2019
In our area of East Tennessee, winters are considered to be short, which means spring usually arrives before you know it. This applies to getting your property ready to list, possibly leaving the homeowner in a rush to get the necessary inspections to ...
How to Get a Better Perspective on Affordability
February 18, 2019
How to Get a Better Perspective on Affordability Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate.Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past ...
Exploring Today's Real Estate Market -- And Its Future
February 16, 2019
Post written by Jason Mitchell Jason Mitchell Forbes Council Forbes Real Estate Council Dec 10, 2018, 08:00amYou may have noticed the real estate market tightening and slowing in recent months. Homebuyers are becoming increasingly more cautious due to the feeling that they may be purchasing at the top of the market and will have to obtain a higher market ...
How Long Will Your House Last?
February 15, 2019
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WHAT TO KNOW About Credit Scores
February 15, 2019
Credit scores range between 200 and 850, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:Your payment history.Did you pay your credit card bills on time? Bankruptcy filing, liens, and collection activity also affect your history. How much you owe and where. If you owe a great deal of money ...
What not to store in the basement.
February 15, 2019
Ah, the joys of having a below-ground level to your home. It might offer you a bonus space to transform into a family room or guest bedroom, or even just provide the right amount of square footage to use for short- and long-term storage. But basements and storage don’t always make for happy home partners.Some basements - ...
Spring Cleaning Ideas to Help Sell Your Home!!
February 15, 2019
The month of March brings spring, and with spring comes bright budding flowers, longer days, warmer weather, and spring cleaning. There is no better way to shake off the dreariness of winter than a freshly cleaned home ready to welcome the season. Here are 10 easy ways you can clean your home for spring.1. Open the WindowsThere's ...
8 tax deductions and credits to save you more money
February 15, 2019
Tax season may not be your favorite time of year, but it could be more rewarding if you know the right strategies. You may be leaving money on the table in unclaimed tax deductions and credits without knowing it. Consider the following questions to potentially lower your bill to Uncle Sam—or even end up with a refund....
5 Secrets to Saving for the Future While Enjoying Life Now
February 15, 2019
Save? Spend? Or both?In my work with younger clients, that’s one of the main conflicts I see: The desire to prepare for the future and save versus the impulse to live for the present and enjoy earnings now. People know that nobody is promised tomorrow, but they also don’t want to live out their retirement years ...
How to Prepare Your Home This Winter for a Successful Spring Sale by Sharon Lee
February 14, 2019
If you are planning to sell your home next spring, why not get a jumpstart during the fall /winter season so you have more time and less stress while preparing? An added plus is that your home could potentially be ready to list in time for the early spring selling season at the end of January when the market ...
