Aug 192017
 

Is it really a good time to sell? Do you think that the housing market will continue to rise? Maybe we should just use it as a rental property for now–what do you think? These are all questions that I hear from homeowners when they seek advice about listing their homes for sale. Placing a home on the market to sell can be just as nerve wracking as purchasing your first home. So I try to help all of my clients work through some of those nerves with a few great techniques.

Research Your Local Housing Market

Brachel Rogers tells how to research your home's marketI advise all my clients to research the local housing market. If you have lived in your home for a few years, you may already know the economic conditions and asking prices of homes in your neighborhood. Still, it is important to know the asking prices of all homes in your city when listing your home. You will need to know the pros and cons of each area, and the economic median of income. These factors will help you to determine a reasonable asking price. You may find local and regional housing statistics through The National Association Of Realtors by visiting REALTORS.org.

Interview Real Estate Agents Before You List Your Home

Many of my clients will ask why they should not just sell their home using the For Sale By Owner (FSBO) Method. I explain that homes listed with a licensed real estate agent typically sell for more than homes that are listed using the FSBO method. Also, a licensed real estate agent can provide a detailed Comparative Market Analysis (CMA )for your property. After researching the local housing statistics, it is important to speak with an agent to determine a reasonable listing price for your home.

Don’t Forget The Curb Appeal

Remember to spruce up the curb appeal. You may want to pressure wash the outside of your home. Keep the lawn well maintained, and paint the mailbox if necessary. Make sure the home is free of clutter, and please keep your home as clean as possible during viewing hours. Check baseboards and window sills, and wipe these daily to make sure that they do not attract dust. First impressions are very crucial.

Real Estate Agent Brachel Rogers will sell your houseThis is why it is so important to choose an agent who will work with you to help you get your home SOLD as quickly, and as smoothly as possible. As stated earlier, placing your home on the real estate market is a huge financial decision. You deserve an agent that is willing to go the extra mile for you. I would love to answer any questions, and help you through your home selling process. Just give me a call so we can list your home for sale, today.

Let Me Get You Those Keys,

Brachel

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Aug 072017
 

I love being a Remax Real Estate Agent. Nothing brings me more joy than helping my first time home buyers find the perfect home, at the perfect price. I always say that when you find your forever home, you will know it. It will just FEEL like home. But though the gasps of excitements, and tears of joy, I realize that many of my clients are more than first time home buyers. Many are first generation home buyers, as well, and being the first person in your family to purchase a home can be pretty overwhelming. I hope that this blog post can help alleviate some of that stress.

Things All First Generation Home Buyers Should Understand

  • Purchasing A Home Is A Financial Investment

Brachel Rogers explains buying your first homeI tell all my buyers that once you decide to buy a home, you should think of it as an investment. Most business minded people agree, that you should always position yourself to receive the greatest return on any investment. So I advise them to study the market, research the different school districts, and to check out different neighborhood associations. It is very important to see if the value of the home you plan to purchase will increase or decrease over the years.

  • Not All Home Mortgage Loans Require 20% Down Payments

There are many types of home mortgage loans. An FHA loan only requires 3.5% of the purchase price as a down payment. USDA home mortgage loans are 100% financed, and require no down payments. VA home mortgage loans are 100% financed, as well. In addition, lenders may require only 3%-5% percent down on conventional loans. The days of NEEDING 20% of the purchase price, as a down payment, are long gone.

  • Mortgage Lenders Use Your FICO Score, Not Your Vantage Score, To Determine If You Qualify For A Mortgage Loan

While there is a new Bipartisan Senate Bill being discussed, for the moment home mortgage lenders are still using FICO scores to help determine if a person will qualify for a home mortgage loan. Although your vantgage score may be much higher, your FICO score uses factors, such as income, and current debt, to determine qualification for home mortgage loans. In addition, in order to qualify to purchase a home, mortgage lenders will pull FICO scores from all three major credit bureaus, and use the middle FICO score.

  • Credit To Debt Ratios and Debt To Income Ratios Also Impact The Amount Of Your Mortgage Loan

Credit Scores are not the only factors that determine if a home buyer will qualify for a mortgage loan. Freddie Mac and Fannie Mae provide guidelines for all USDA, VA, and FHA loans. First, the lender will make sure that the buyer has sufficient income to purchase a home. Next, the lender will access the buyer’s prior financial obligations in order to determine the buyer’s debt to income ratio. The home buyer will need to be able to afford the new mortgage payment, still pay all prior financial obligations, and have a percentage of income left over in order to qualify for purchasing a home.

take that first step to buying your first homeSo many of my first time home buyers are first generation home buyers, as well. Many of my buyers want to purchase a home, and many of them qualify to purchase. However, they are overwhelmed with not knowing where to begin, and they don’t have the benefit of mom and dad’s experiences. I hope that this post has shed some light on a few topics. I also invite you all to contact me with any questions. I would love to schedule a consultation to place you on the path to home ownership!

Let Me Get You Those Keys,

Brachel

 

 

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Jul 142017
 

Home Buyers Should Always Sign A Buyer Agency Agreement With Their Real Estate Agent

Buyer Agency AgreementIt happens more more often than you would think. First time home buyers spend countless hours with their real estate agent while searching for the perfect home. They discuss the buyers’ likes, dislikes, and must haves. They finally find the perfect property, purchase their new construction home, and move into their new space.

It is only six months after the completion of the sale that they realize that they could have bought another home, with a similar floor plan, that was built two years ago, and only a mile away from the kids’ school, for much less than what they paid for their current home. To make matters worse, they had stressed the importance of being near the kids’ school to their realtor. What happened? Did the realtor really look out for their best interests?

If all home buyers would take the time to enter into a buyer agency agreement, it would ensure that the buyers will receive representation that protects the best interests of the buyer. Oftentimes real estate agents will attempt to make a buyer pay more for a property because sellers usually pay the real estate agent’s commission. The only sure way to guarantee that the real estate agent is truly representing the buyer is with a legally binding contract, or buyer agency agreement.

A Buyer Agency Agreement Protects Both the Home Buyer and the Real Estate Agent

The importance of a Buyer Agency AgreementNot only does a buyer agency agreement protect the buyer, an exclusive buyer agency agreement will also protect the real estate agent. Many times, a real estate agent will help a home buyer through many phases of the home buying process. They may refer them to a credit specialist, introduce the buyer to a mortgage lender, and spend countless hours helping them search for the perfect home, only to have another real estate agent present an offer on behalf of the buyer.

When this happens, the first real estate agent is not compensated for any of the work that was done previously. In these instances, it may not be the buyers’ fault. Many first time home buyers do not understand how the real estate industry works.

I always explain the importance of a buyer agency agreement to all of my buyers. It is not to force them into something–it is to protect all parties, so that we can work together efficiently to make the best possible home purchase!

Let Me Get You Those Keys,

Brachel

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Jun 282017
 

USDA Raises Income Limit For Home Buyers

I love it when Katy Kirby of Stark Mortgage drops by my office. It always means that  great things are happening in the home mortgage loan industry. Imagine how excited I was when she told me that the income requirements have been raised for USDA home loans. The new income eligibility requirements are still based on a 640 credit score, but allows more middle class families to obtain the help needed when purchasing a home.

A family of 1-4 people can now make up to $75,650, can still qualify for a USDA home mortgage loan. High income area residents are now allowed an even higher income bracket. In some areas, a family of 1-4 people can have an annual income of up to $153,400. I work with a lot of first time home buyers, and could not wait to tell them all about the new USDA eligibility guidelines.

USDA Home Mortgage Loans Mean
No Money Down Financing

As a buyer’s agent, I understand that getting approved for a USDA home loan may be very beneficial when purchasing a home. If the home buyer is approved for a USDA home loan, the entire loan amount is financed. Yes, 100% financing means NO MONEY DOWN! The USDA home mortgage program is a great way to purchase a home. You just can’t beat home-ownership with no money down financing. Many home buyers were already taking advantage of this amazing opportunity. I am so happy about the new guidelines. Now even more people will qualify to purchase a home with no money down.

Please keep in mind that appraiser’s fees and closing costs cannot be financed in any home mortgage loan. Debt to Credit Ratio guidelines will still apply, as well. Still, the real estate market is HOT right now, and this is the perfect time to purchase a home.

Let Me get You Those Keys,

Brachel

Brachel Rogers announces USDA mortgage rate changes

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First Time Home Buyers Seminar Held At Statesboro Regional Library

First Time Home Buyers Seminar Held At Statesboro Regional Library

Are You A First Time Home Buyer With  Questions About The Home Buying Process? As a buyer’s agent, I am really excited about my upcoming First Time Home Buyers Seminar. The real estate market is HOT right now, and it is the perfect time to buy a house. However, I know that the process can […]

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Real Estate Agent Discusses The Problems With FSBO Listings

Real Estate Agent Discusses The Problems With FSBO Listings

Most real estate agents require a 6% commission after helping to sell your home. Many sellers will decide to list their properties themselves (For Sale By Owner, or FSBO) to save this expense, but how much are they really saving? What Really Happens When You Choose To Sell Your Property Without Using A Real Estate […]

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Real Estate Agent Explains Comparative Market Analysis

Real Estate Agent Explains Comparative Market Analysis

A Comparative Market Analysis Will Help Determine The Fair Market Value Of Your Home So you sit in the corner of the kitchen, and sip your morning cup of coffee. Although the news is fantastic, and the opportunity magnificent, leaving your home is bittersweet. For the next hour you reminisce over the meals that you […]

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Why First Time Home Buyers Should Get Prequalified  Before Shopping For Homes

Why First Time Home Buyers Should Get Prequalified Before Shopping For Homes

First Time Home Buyers Should Speak With A Mortgage Lender Before Shopping For A Home I advise all of the first time home buyers that I work with to speak with a home mortgage lender before we begin to shop for homes. This is because there several factors involved with being approved for a home mortgage […]

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