My Blog

Sell My House in North Carolina | Are Homeowners Renovating to Sell or to Stay?

11/15/2018

Sell My House in North Carolina | Are Homeowners Renovating to Sell or to Stay?

 

Most real estate brokers and agents don't really have all the tools needed to provide 100% selling services to sellers that need to sell their houses  quick, for cash and at a fair price.   

This is why we have integrated fully with all the data on the MLS and became a real estate source to thousands of investors in the Piedmont Triad region of North Carolina.   

In order for most consumers to take advantage of the competition between these investors, we've created the perfect system. If you are in the market to sell you home and you are in need for a fair offer  right away... you've come to the right place.   

We can provide customized innovation towards all  your real estate needs if you are a home seller.

Today, I would like to talk to you about Are Homeowners Renovating to Sell or to Stay?

 

Over the past few years, two trends have emerged in the housing market:

 

 1.- Home renovations have shot up

 2.- Inventory of homes available for sale on the market has dropped

 

A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National Association of Realtors, we are currently at a 4.4-month supply.

This low inventory environment has many current homeowners worried that they would be unable to find a home to buy if they were to list and sell their current houses, which is causing many homeowners to instead renovate their homes in an attempt to fit their needs.

According to Home Advisor, homeowners spent an average of $6,649 on home improvements over the last 12 months. If that number seems high, it also includes homeowners who recently bought fixer-uppers.

A new study from Zillow asked the question,

“Given a choice between spending a fixed amount of money on a down payment for a new home or fixing up their current home, what would you do?”

Seventy-six percent of those surveyed said that they would rather renovate their current homes than move. The results are broken down by generation below.

More and more studies are coming out about the intention that many Americans have to ‘age in place’ (or retire in the area in which they live). Among retirees, 91% would prefer to renovate than spend their available funds on a down payment on a new home.

If their current house fits their needs as far as space and accessibility are concerned, then a renovation could make sense. But if renovations will end up changing the identity of the home and impacting resale value, then the renovations may end up costing them more in the long run.

With home prices increasing steadily for the last 6.5 years, homeowners have naturally gained equity that they may not even be aware of. Listing your house for sale in this low-competition environment could net you more money than your renovations otherwise would.

 

Bottom Line

If you are one of the many homeowners who is thinking about remodeling instead of selling, let’s get together to help you make the right decision for you based on the demand for your house in today’s market.

 

Source.. forsalegreensboro.com

 

To protect your interests and assure that you make the best possible decisions,  

it's important that you have a knowledgeable agent on your side who is an expert in the local real estate market.  

We are dedicated to keeping you on top of our local market. Rest assured that we will provide you with a well-informed,  

and the most updated strategic view for your home purchase in Greensboro North Carolina  

To reach us, please call 336-750-6453

or send us an email  mike@forsalegreensboro.com

 

Greensboro North Carolina | How to Honor a Veteran Today and Everyday

11/15/2018

Greensboro North Carolina | How to Honor a Veteran Today and Everyday

 

At a local level in Greensboro North Carolina, buyer confidence remains strong with some changes that varies on the price level and what type of houses they are looking for.     

Particularly in and around Greensboro 27455 zip code. The addition of new store and business entities in the area makes Elm St one of the most busiest areas in Greensboro NC.      

As you are aware, for most families, choosing a new home is the biggest financial decision they will ever make and for that reason, there are many complicated decisions involved in choosing your new home.   

Today I would like to talk to you about How to Honor a Veteran Today and Everyday

 

One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and then, later on, became Veterans Day.

But Veterans Day is not for veterans. They don’t serve for thanks or recognition. Veterans Day sets aside a day for those of us who haven’t worn the uniform to acknowledge those who have.

 

So today, we honor and remember.

If you ask a military family, ANY military family, how you can help them, they will respond without hesitation, “Make sure my service member is taken care of.”

If you ask a service member, ANY service member, how you can best honor them, they will respond without hesitation, “Take care of my family.”

Don’t know anyone who has served or is serving? More than likely, there are veterans in your midst. Each year, 260,000 military personnel relocate to new communities, and another 230,000 transition out of the military. In total, there are 22 million veterans among us in the world.

For those who relocate through a Permanent Change of Station (or PCS), it can be a pretty stressful time. There isn’t a lot of time to find a new place to live and the timeline is more accelerated for finding a place to call home.

MILLIE is an online community and digital marketplace that connects members of the military and their families with specialized knowledge and trusted resource providers to alleviate the stress of PCSing.

According to MILLIE, “70% of active duty families live off the installation and in the surrounding communities.” Wondering what you can do to help make a recently PCSed family feel welcome?

A recent survey of military families revealed that,

“When respondents described the support they most appreciate, family, friends, and faith-based communities rose to the top. When they described the support they needed, they called for more networking, communication, and support groups.

Families said that when leaving service, they feel as though they do not fit into the civilian world. Forging partnerships between military and civilian support systems will encourage pathways of understanding.”

If you find out that your new neighbor may have been PCSed, make an effort to share what you know about your community, from the best pizza place to where you can get your oil changed.

If you know that the service member of the family is actively deployed, helping out with tasks like mowing the lawn or bringing over a home-cooked meal are small gestures that will go a long way towards welcoming this family into their new home.

 

Bottom Line

Today, we honor and remember those who have served for our country. Everyone always asks what they can do to help, sometimes the simplest answer is the best one.

 

More about MILLIE:

MILLIE is an online community and digital marketplace that connects members of the military and their families with specialized knowledge and trusted resource providers to alleviate the stress of PCS’ing. Check out MILLIE’s Installation Guides, their network of Veteran and military spouse real estate agents, and MILLIE Scouts, their on-demand task service comprised of military spouses.

 

Source.. forsalegreensboro.com

 

To protect your interests and assure that you make the best possible decisions,  

it's important that you have a knowledgeable agent on your side who is an expert in the local real estate market.  

We are dedicated to keeping you on top of our local market. Rest assured that we will provide you with a well-informed,  

and the most updated strategic view for your home purchase in Greensboro North Carolina  

To reach us, please call 336-750-6453

or send us an email  mike@forsalegreensboro.com

 

Summerfield North Carolina Homes For Sale | VA Home Loans by the Numbers [INFOGRAPHIC]

11/15/2018

Summerfield North Carolina Homes For Sale | VA Home Loans by the Numbers [INFOGRAPHIC]

 

If you are looking to buy a home in Summerfield North Carolina. As a real estate agent, I want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. One of the methods I use is to research the current inventory almost on a daily basis, I want to know where are the best deals for my clients when it comes to purchasing a brand new home in the Summerfield NC area.   

Today, I would like to talk to you about VA Home Loans by the Numbers

 

Some Highlights:

 * The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million    veterans & 2 million active duty service members which helps them achieve their dreams of    homeownership.

 * In 2017, $189 billion was loaned to veterans and their families through the program.

 * VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

 

Source.. forsalegreensboro.com

 

If you have any questions about Summerfield North Carolina, the schools, the amenities or the surrounding community, don't hesitate to call on us at 800-950-6453 We will be happy to help you. We specialize in Summerfield and our agents also live here.

Please call us at 800-950-6453

Or text to: 336-750-6453

Email: mike@forsalegreensboro.com 

Thinking of selling your home?

Let Michael Jones take over the marketing of your property with our unique 99 STEPS system

- Call or text 336-750-6453 for more information.

 

Oak Ridge North Carolina Homes For Sale | 75% of Renters Have Been Misinformed

11/15/2018

Oak Ridge North Carolina Homes For Sale | 75% of Renters Have Been Misinformed

 

If you are looking for a home in the Oak Ridge North Carolina. Let us share a secret with you. When someone becomes a professional real estate agent, they make a commitment to their clients from the moment they first connect, whether it is, first-time homebuyer's, who are very excited to purchase their very own home.... or seasoned Investors who are trying to build equity with key purchases and increase their portfolios. What is important for you to know is that your main purpose is to find the right real estate professional that will dedicate time and energy to bring exactly what you are looking for. Take your time and pick the one that has that commitment deep in their hearts.

To show this commitment to my clients, We bring the latest technology, know-how and information allowing me to bring the best possible outcome on every real estate transaction we perform.

 

Today, I would like to talk about 75% of Renters Have Been Misinformed

 

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home.

In 2008, the housing market crashed and home values fell by as much as 60% in certain markets. This was the major trigger to the Great Recession we experienced from 2008 to 2010. To come back from that recession, mortgage interest rates were pushed down to levels that were never seen before.

For the last ten years, you could purchase a home at a dramatically discounted price and attain a mortgage at a historically low mortgage rate.

 

Affordability skyrocketed.

Now that home values have returned to where they should be, and mortgage rates are beginning to increase, it is less affordable to own a home than it was over the last ten years.

However, what is not being reported is that it is MORE AFFORDABLE to own a home today than at any other time since 1985 (when data was first collected on this point).

If you take out the years after the crash, affordability today is greater than it has been at almost any time in American history.

This has not been adequately reported which has led to many Americans believing that they cannot currently afford a home.

As an example, the latest edition of Freddie Mac’s Research: Profile of Today’s Renter reveals that 75% of renters now believe it is more affordable to rent than to own their own homes. This percentage is the highest ever recorded. The challenge is that this belief is incorrect. Study after study has proven that in today’s market, it is less expensive to own a home than it is to rent a home in the United States.

Thankfully, some are starting to see this situation and accurately report on it. The National Association of Realtors, in their 2019 Housing Forecast, mentions this concern:

“While the U.S. is experiencing historically normal levels of affordability, potential buyers may be staying out of the market because of perceived problems with affordability.”

 

Bottom Line

If you are one of the many renters who would like to own their own homes, let’s get together to find out if homeownership is affordable for you right now.

 

Source.. forsalegreensboro.com

 

If you want to find the best house for the money in Oak Ridge North Carolina….

This is what we can do for you, 

We will prepare you a list of houses that fit your criteria and take the time to show all these houses to you, with no pressure and no hassle.

So please let us know when you are ready to get started

If you want to get started now, 

Please call us at 800-950-6453

Or text to: 336-750-6453

Email: mike@forsalegreensboro.com 

Thinking of selling your home?

Let Michael Jones take over the marketing of your property with our unique 99 STEPS system

- Call or text 336-750-6453 for more information.

 

Greensboro North Carolina Ashcroft Park | Why Has Housing Supply Increased as Sales Have Slowed Down?

11/15/2018

Greensboro North Carolina Ashcroft Park | Why Has Housing Supply Increased as Sales Have Slowed Down?

 

As Greensboro has developed over the years, many neighborhoods are now blended with one and another without any distinction or personalities. 

Not in Ashcroft Park, the newest and most vibrant community in Greensboro North Carolina   

Located north on Church Street, this new and unique neighborhood is built by DR Horton 

If you are looking for city-living style with a flair of urban village, The Ashcroft Park community has everything to offer and more. 

Today, I would like to talk to you about Why Has Housing Supply Increased as Sales Have Slowed Down?

 

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers.

For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared.

NAR’s Chief Economist Lawrence Yun shed some light on what could be contributing to this shift,

“This is the lowest existing home sales level since November 2015. A decade’s high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings remain low, continuing to spur underperforming sales activity across the country.”

 

Let’s take a deeper look:

Interest Rates

Since January, 30-year fixed mortgage interest rates have increased nearly a full percentage point (from 3.95% to 4.9%). Fannie Mae, Freddie Mac, the National Association of Realtors, and the Mortgage Bankers Association are all in agreement that rates will continue to increase to about 5.2% over the next 12 months.

“The rise in [mortgage] rates paired with this very strong price appreciation absolutely is slowing housing,” said Fannie Mae’s Chief Economist Doug Duncan.

Even though rates are higher than they’ve been in a decade, they still remain below the average for the 1970s, 80s, 90s, and 2000s!

 

Mismatch of Inventory

Elizabeth Mendenhall, President of NAR, said it best, “Despite small month over month increases, the share of first-time buyers in the market continues to underwhelm because there are simply not enough listings in their price range.”

Prices of starter and trade-up homes have appreciated faster than their higher-priced counterparts. Over the last 5 years, the lowest-priced homes have appreciated by 47% while the highest-priced homes have appreciated by only 24%.

According to the Institute of Luxury Home Market’s Luxury Market Report, the $1M-and-up price range is now experiencing a buyer’s market. This means that supply (inventory) has finally caught up with demand and buyers are in the driver’s seat when it comes to negotiations. Additionally, many listings in this price range have experienced price cuts in order to entice buyers to put in offers.

 

Natural Disasters

Although not fully to blame for the national shortage in sales and inventory, natural disasters like Hurricane Florence, Hurricane Michael, and the wildfires on the West Coast have certainly had an impact.

 

Bottom Line

Additional inventory coming to market could help normalize the housing market and allow incomes to catch up to home prices. For more information about sales and inventory in our area, let’s get together so we can help you make the best decision for you and your family.

 

Source.. forsalegreensboro.com

 

If you want to find the best house for the money in Ashcroft Park in Greensboro North Carolina….

This is what we can do for you, 

We will prepare you a list of houses that fit your criteria and take the time to show all these houses to you, with no pressure and no hassle.

So please let us know when you are ready to get started

If you want to get started now, 

Please call us at 800-950-6453

Or text to: 336-750-6453

Email: mike@forsalegreensboro.com 

Thinking of selling your home?

Let Michael Jones take over the marketing of your property with our unique 99 STEPS system

- Call or text 336-750-6453 for more information.

 

Sell My House in North Carolina | 5 Tips When Buying a Newly Constructed Home

11/15/2018

Sell My House in North Carolina | 5 Tips When Buying a Newly Constructed Home

 

Most real estate brokers and agents don't really have all the tools needed to provide 100% selling services to sellers that need to sell their houses  quick, for cash and at a fair price.   

This is why we have integrated fully with all the data on the MLS and became a real estate source to thousands of investors in the Piedmont Triad North Carolina region.   

In order for most consumers to take advantage of the competition between these investors, we've created the perfect system. If you are in the market to sell you home and you are in need for a fair offer  right away... you've come to the right place.   

We can provide customized innovation towards all  your real estate needs if you are a home seller. 

Today, I would like to talk to you about 5 Tips When Buying a Newly Constructed Home

 

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place.

To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction:

 

1. Hire an Inspector

Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying new construction, you will have between 1-3 inspections, depending on your preference (the foundation inspection, the pre-drywall inspection, and a final inspection).

These inspections are important because the inspector will often notice something that the builder missed. If possible, attend the inspection so that you can ask questions about your new home and make sure the builder fixes any problems found by the inspector.

 

2. Maintain good communication with your builder

Starting with the pre-construction meeting (where you will go over all the details of your home with your project manager), establish a line of communication. For example, will the builder email you every Friday with progress updates? If you are an out-of-state buyer, will you receive weekly pictures of the progress via email? Can you call the builder and if so, how often? How often can you visit the site?

 

3. Look for builder’s incentives

The good thing about buying a new home is that you can add the countertop you need, the mudroom you want, or an extra porch off the back of your home! However, there is always a price for such additions, and they add up quickly!

Some builders offer incentives that can help reduce the amount you spend on your home. Do your homework and see what sort of incentives the builders in your area are offering.

 

4. Schedule extra time into the process

There are many things that can impact the progress on your home. One of these things is the weather, especially if you are building in the fall and winter. Rain can delay the pouring of a foundation as well as other necessary steps at the beginning of construction, while snow can freeze pipes and slow your timeline.

Most builders already have a one-to-two-week buffer added into their timelines, but if you are also in the process of selling your current home, you must keep that in mind! Nobody wants to be between homes for a couple of weeks.

 

5. Visit the site often

As we mentioned earlier, be sure to schedule time with your project manager at least once a week to see the progress on your home. It’s easy for someone who is not there all the time to notice little details that the builder may have forgotten or overlooked. Additionally, don’t forget to take pictures! You might need them later to see exactly where that pipe is or where those electrical connections are once they’re covered up with drywall!

 

Bottom Line

Watching your home come to life is a wonderful experience that can sometimes come with hassles. To avoid some of these headaches, keep these tips in mind!

If you are ready to put your current home on the market and find out what new construction is available in your area, let’s get together to discuss your options!

 

Source.. forsalegreensboro.com

 

To protect your interests and assure that you make the best possible decisions,  

it's important that you have a knowledgeable agent on your side who is an expert in the local real estate market.  

We are dedicated to keeping you on top of our local market. Rest assured that we will provide you with a well-informed,  

and the most updated strategic view for your home purchase in Greensboro North Carolina  

To reach us, please call 336-750-6453

or send us an email  mike@forsalegreensboro.com

 

Summerfield North Carolina | 2 Myths Holding Back Home Buyers

11/15/2018

Summerfield North Carolina | 2 Myths Holding Back Home Buyers

 

If you are looking to buy a home in Summerfield North Carolina. As a real estate agent, I want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. One of the methods I use is to research the current inventory almost on a daily basis, I want to know where are the best deals for my clients when it comes to purchasing a brand new home in the Summerfield area.           

Today I would like to talk to you about 2 Myths Holding Back Home Buyers

 

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that,

“Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware of low–down payment programs.”

 

Myth #1: “I Need a 20% Down Payment”

Buyers often overestimate the down payment funds needed to qualify for a home loan. According to the same report:

“Most potential homebuyers are largely unaware that there are low-down payment and no-down payment assistance programs available at the local, state, and federal levels to help eligible borrowers secure an affordable down payment.”  

These numbers do not differ much between non-owners and homeowners. For example, “30% of homeowners and 39% of renters believe that you need more than 20 percent for a down payment.”

While many believe that they need at least 20% down to buy their dream homes, they do not realize that there are programs available which allow them to put down as little as 3%. Many renters may actually be able to enter the housing market sooner than they ever imagined with programs that have emerged allowing less cash out of pocket.

 

Myth #2: “I Need a 780 FICO® Score or Higher to Buy”

Similar to the down payment, many either don’t know or are misinformed about what FICO® score is necessary to qualify.

Many Americans believe a ‘good’ credit score is 780 or higher.

To help debunk this myth, let’s take a look at Ellie Mae’s latest Origination Insight Report, which focuses on recently closed (approved) loans.

As you can see in the chart above, 51.7% of approved mortgages had a credit score of 600-749.

 

Bottom Line

Whether buying your first home or moving up to your dream home, knowing your options will make the mortgage process easier. Your dream home may already be within your reach.

 

Source.. forsalegreensboro.com

 

If you have any questions about Summerfield NC, the schools, the amenities or the surrounding community, don’t hesitate to call on us at 336-750-6453 We will be happy to help you. We specialize in Summerfield and our agents also live here.

To reach us, please call 336-750-6453

Or send us an email to: mike@forsalegreensboro.com

Thinking of selling your home? Let Mike take over the marketing of your property with our unique 99 STEPS system 

 

Ashcroft Park Greensboro North Carolina Homes For Sale | The Difference an Hour Will Make This Fall [INFOGRAPHIC]

11/15/2018

Ashcroft Park Greensboro North Carolina Homes For Sale | The Difference an Hour Will Make This Fall [INFOGRAPHIC]

 

At a local level in Greensboro North Carolina, buyer confidence remains strong with some changes that varies on the price level and whit type of houses they are looking for.     

Particularly in and around Ashcroft Park 27455 zip code. The addition of new store and business entities in the area makes Milestone one of the most busiest areas in Greensboro NC.      

As you are aware, for most families, choosing a new home is the biggest financial decision they will ever make and for that reason, there are many complicated decisions involved in choosing your new home. 

Today, I would like to talk to you about The Difference an Hour Will Make This Fall

 

Every Hour in the US Housing Market: 

 * 596 Homes Sell

 * 278 Homes Regain Positive Equity

 * Median Home Values Go Up $1.20

 

Source.. forsalegreensboro.com

 

If you want to find the best house for the money in Ashcroft Park in Greensboro North Carolina….

This is what we can do for you, 

We will prepare you a list of houses that fit your criteria and take the time to show all these houses to you, with no pressure and no hassle.

So please let us know when you are ready to get started

If you want to get started now, 

Please call us at 800-950-6453

Or text to: 336-750-6453

Email: mike@forsalegreensboro.com 

Thinking of selling your home?

Let Michael Jones take over the marketing of your property with our unique 99 STEPS system

- Call or text 336-750-6453 for more information.

 

Sell My House in North Carolina | How Will Home Sales Measure Up Next Year?

11/15/2018

Sell My House in North Carolina | How Will Home Sales Measure Up Next Year?

 

Most real estate brokers and agents don't really have all the tools needed to provide 100% selling services to sellers that need to sell their houses  quick, for cash and at a fair price.   

This is why we have integrated fully with all the data on the MLS and became a real estate source to thousands of investors in the Piedmont Triad region of North Carolina.   

In order for most consumers to take advantage of the competition between these investors, we've created the perfect system. If you are in the market to sell you home and you are in need for a fair offer  right away... you've come to the right place.   

We can provide customized innovation towards all  your real estate needs if you are a home seller.

 

Today, I would like to talk to you about How Will Home Sales Measure Up Next Year?

 

There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources:

 

Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments.

The National Association of Realtors (NAR) – The largest association of real estate professionals in the world.

Freddie Mac – An organization which provides liquidity, stability, and affordability to the U.S. housing market in all economic conditions extending to all communities from coast to coast.

Fannie Mae – A leading source of financing for mortgage lenders, providing access to affordable mortgage financing in all markets.

Here are their projections:

Bottom Line

Every source sees home sales growing next year. Let’s get together to chat about what’s going on in our neighborhood.

 

Source.. forsalegreensboro.com

 

To protect your interests and assure that you make the best possible decisions,  

it's important that you have a knowledgeable agent on your side who is an expert in the local real estate market.  

We are dedicated to keeping you on top of our local market. Rest assured that we will provide you with a well-informed,  

and the most updated strategic view for your home sell in Greensboro North Carolina  

To reach us, please call 336-750-6453

or send us an email  mike@forsalegreensboro.com

 

Summerfield North Carolina | Taking Fear Out of the Mortgage Process

11/15/2018

Summerfield North Carolina | Taking Fear Out of the Mortgage Process

 

If you are looking to buy a home in Summerfield North Carolina. As a real estate agent, I want to be prepared to ensure that you are given the best buying experience with knowledge and expertise to guide you along the way. One of the methods I use is to research the current inventory almost on a daily basis, I want to know where are the best deals for my clients when it comes to purchasing a brand new home in the Summerfield NC area.   

Today, I would like to talk about Taking Fear Out of the Mortgage Process

 

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification.

 

For many, the mortgage process can be scary, but it doesn’t have to be!

In order to qualify in today’s market, you’ll need a down payment (the average down payment on all loans last year was 5%, with many buyers putting down 3% or less), a stable income, and good credit history.

Throughout the entire home buying process, you will interact with many different professionals who will all perform necessary roles. These professionals are also valuable resources for you.

Once you’re ready to apply, here are 5 easy steps that Freddie Mac suggests to follow:

 

1.- Find out your current credit history & score – even if you don’t have perfect credit, you may already     qualify for a loan. The average FICO Score® of all closed loans in September was 731, according to     Ellie Mae.

2.- Start gathering all of your documentation – income verification (such as W-2 forms or tax returns),     credit history, and assets (such as bank statements to verify your savings).

3.- Contact a professional – your real estate agent will be able to recommend a loan officer who can help     you develop a spending plan, as well as help you determine how much home you can afford.

4.- Consult with your lender – he or she will review your income, expenses, and financial goals in order       to determine the type and amount of mortgage you qualify for.

5.- Talk to your lender about pre-approval – a pre-approval letter provides an estimate of what you might     be able to borrow (provided your financial status doesn’t change) and demonstrates to home sellers     that you are serious about buying!

Bottom Line

Do your research, reach out to professionals, stick to your budget, and be sure that you are ready to take on the financial responsibilities of becoming a homeowner.

 

Source.. forsalegreensboro.com

 

If you have any questions about Summerfield North Carolina, the schools, the amenities or the surrounding community, don't hesitate to call on us at 800-950-6453 We will be happy to help you. We specialize in Summerfield and our agents also live here.

Please call us at 800-950-6453

Or text to: 336-750-6453

Email: mike@forsalegreensboro.com 

Thinking of selling your home?

Let Michael Jones take over the marketing of your property with our unique 99 STEPS system

- Call or text 336-750-6453 for more information.

 

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