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If you’re ready to buy a house, then you’re no doubt aware that you’ll need a mortgage to finance the purchase. But are you aware that you should get pre-approved for a mortgage before you make an offer on a house? In fact, in today’s market, it’s essential to contact mortgage brokers and get a pre-approval or your offer is likely to be overlooked. Here’s what you need to know to make the process as painless as possible.

What is a mortgage pre-approval?

First of all, let’s start with the basics. A pre-approval does not mean that you will ultimately qualify for the loan you want. What it does mean is that a lender has reviewed your finances and has determined how much you can afford, the best type of loan for you, and what interest rate you can qualify for. They will then supply you with a letter that you can submit when you make an offer.

Why do you need a mortgage pre-approval?

In a competitive market, many buyers may be making an offer on the same property as you. In order for your offer to be taken seriously, the seller will want to know that you qualify for financing. You will be at a serious disadvantage if you don’t take the time to get pre-approved, and your offer will likely be rejected.

When do you need to get the pre-approval?

Ideally, you should obtain your pre-approval before you begin your home search in earnest. Once you’ve reviewed your credit reports and determined that you are financially ready for a home purchase, you can then seek pre-approval. Your pre-approval letter will be valid anywhere from 60-90 days. If you want to be particularly cautious, you can request a pre-approval six months to a year in advance of your future purchase to see what you will qualify for. Just be aware that you will need to do the process again when you’re ready to make an offer as your credit reports can change in that time.

Is there a difference between pre-approval and pre-qualification?

Though the terms pre-approval and pre-qualification are often used interchangeably, they are not the same. The difference lies in how in-depth the lender’s review process is. When you get pre-qualified, a lender makes a recommendation of what they can offer you based on the numbers you give them. In this case, the lender is not questioning the financial information you supply. However, when you get pre-approved, the lender is using your actual financial data to prove how much you can afford. They will verify all the information you supply before giving you the pre-approval letter.

How long does it take?

The pre-approval process can take as little as one day. However, if you have a complicated financial history, then the process could take anywhere from a few days to a few months. Be upfront about your finances and provide all the documentation that the lender requests in order to make the process as speedy as possible.

Does it hurt your credit score?

Finally, some buyers may be concerned that the pre-approval process can hurt their credit score. Be aware that although your score may drop a few points if multiple lenders are pulling your reports, it’s not enough to significantly damage your score.

Compliments of Virtual Results

Are you thinking about listing your home for sale this spring or summer? While this can be an ideal time of the year to sell your home, it can also be competitive. There may be many other homeowners in your area who are putting their homes on the market at the same time. When buyers have several options, it’s easier for your home to be overlooked. For this reason, here’s what you need to do to stand out among the crowd.

Price it right

It is absolutely essential that you price your home correctly from the very beginning. If your home is more expensive than comparable homes in the area, then it’s unlikely to get offers. Work with a professional real estate agent who is an expert in the local market. They will have the knowledge, experience, and tools needed to price your home right from the start.

Clean and stage

Potential buyers will be more attracted to homes that are clean and well-maintained. Before listing your home, clean it thoroughly from top to bottom. This includes shampooing carpets, washing windows, and cleaning walls. You should also make needed repairs like fixing leaky faucets and patching holes. Once you’ve cleaned, it’s time to de-clutter and depersonalize. Store extra furniture and personal belongings. You want your home to feel as spacious as possible. You also want buyers to be able to imagine themselves in your home so don’t leave out pictures of family or other personal items. If possible, have your home professionally staged to maximize its appeal.

Add curb appeal

Potential buyers will form a first impression of your home based on the exterior. It’s important to spruce up your curb appeal. This is the best time of year to make your home attractive on the outside, and you don’t need to spend much money. Trim trees and prune shrubs. Clean up yard debris and keep the lawn mowed. Inspect and repair any damages on your fencing installation. Add colorful annuals and potted flowers and plants to the front porch. Add a small and tasteful decorative touch like a seasonal wreath on the front door.

Take professional photos

Most homebuyers begin their search online. It is so easy to browse home listings, so you’ll want to make your home stand out in this environment. Consider hiring a professional photographer to take pictures of your home. Great photos will entice buyers to see your home in person. The photos should make your home look spacious and well-maintained.

Be ready for showings

With so many other homes on the market, you’ll need to be ready to show your home at any time. Make arrangements to have pets out of the home during a showing. Keep your home clean and tidy and ready for visitors.

Hire a professional

Ultimately, one of your greatest resources when selling your home in a competitive market is a professional real estate agent. When you work with someone who is an expert in your neighborhood, they will have the tools and advice needed to make your home stand out. Working with an agent will boost your chances of selling quickly and for a great price, so it’s worth the investment.

Compliments of Virtual Results

We’re heading into one of the busiest seasons in real estate. If you’re gearing up to buy your first home, you may have some competition out there. Spring and summer tend to dominate the housing market and see the most activity. When you’re buying your first home, the whole process may seem a little intimidating. Here’s what you need to know in order to have a successful first-time home-buying experience.

Know what you can afford

One of the biggest mistakes you can make when shopping for a home is not determining what you can reasonably afford. Your monthly mortgage payment will likely be your biggest expense, and not being able to make that payment can be stressful. For this reason, you should narrow your search to homes you can afford based on your current finances. Plug your data into an online calculator to get an estimate of the price range you should concentrate on.

Get pre-approved for a mortgage

Before you being your home search in earnest, it is essential you get pre-approved for a mortgage. Getting pre-approved signals to a seller that you are a serious homebuyer. If you’re searching in a competitive market, not being pre-approved will work against you. If there are multiple offers on a house, the sellers are most likely to choose the buyer who has been pre-approved.

Know what you want

Once you begin to look at home listings, you’ll see there are so many choices out there. If you don’t want to waste your time, get clear about what you want. Is the school district important? Would you like to be close to your job? How many bedrooms do you need? Would you like to be within walking distance of certain amenities like restaurants or cultural attractions? Take time before you start looking to create a wish list so you can be strategic about your home search.

Be flexible

Once you’ve determined what you want, you also need to stay open and be flexible. It’s unlikely that the perfect house will materialize out of nowhere. You will need to make compromises. You should know ahead of time what items on your wish list are “must-haves” and which ones are “would-be-nice-to-haves.”

Know the costs

You are probably already aware that you’ll need a down payment for your home. This can range anywhere between three to 20 percent of the purchase price, depending on the type of loan you secure. But be prepared for other costs you will incur. You’ll need earnest money to submit when you make an offer. You’ll also need to factor in the closing costs such as taxes, attorney fees, title insurance, and inspection.

Work with an agent

Finally, one of the most important things you can do as a first-time homebuyer is to work with an experienced real estate agent. When you work with an agent, you have a trusted partner who is working in your best interest. They will be familiar with the local market and understand the entire real estate process. Working with a professional will help eliminate loads of stress and they can make suggestions and offer advice throughout the entire process.

Compliments of Virtual Results

Did you see a “for sale” sign go up in your neighbor’s yard? Watching a good neighbor move away can certainly make you feel a little sad. But it can also provide you with valuable information about your home and the local market. This is especially true if you’re thinking about selling your property sometime soon. Here are some of the things you should do when your neighbor sells their home.

Go to the open house

If your neighbor is hosting an open house, then by all means you should attend. This will give you time to explore their home and see how it compares to yours. You’ll hear feedback from other potential buyers about what they like and what they don’t like about the home. This can help you make decisions down the line when it comes time to sell your home. In addition, attending the open house can give you a different perspective about your home. What does it look like from the outside from their house? Is there anything that you would fix or change if you could?

Pay attention to the market

When your neighbor sells their home, it can reveal important information about your local market. How long did it take for the home to sell? This is especially useful to know if their home is quite similar to yours. If it sold quickly, you may want to sell soon. But if it languished for several weeks or months, it may pay to wait. Also, what was the final sale price, and how much did it differ from the original asking price? In addition, how did it compare to other selling prices for similar homes in your neighborhood? You may also want to find out who bought the house, as it can tell you if the demographic in your neighborhood is shifting. Perhaps what was once a neighborhood of young families is turning into a neighborhood of retirees. This can help you focus your marketing efforts down the line.

Communicate with seller’s agent

Do you have any unresolved issues with your neighbor? This could include disputes about where the property line is or who is responsible for calling a fence company to fix a broken fence. Sellers are required to disclose many things about their property to potential buyers, but those requirements can vary from place to place. Be upfront with the seller’s agent about what they should communicate to potential buyers.

Work in tandem

Finally, if you’re planning to sell your home at the same time that your neighbor is, join forces with them. Instead of seeing it as a competition, you can work together to get a more favorable outcome for both parties. Try using the same agent if possible. This way, it’s easy for potential buyers to view both properties at the same time. You can also work with your neighbor about your listing price. Make an agreement that neither of you will lower the price without talking with each other. Now is not the time to get into a bidding war with someone who can be a good ally in your home sale.

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Are you thinking about buying a home to rent out on Airbnb or other rental sites? These types of real estate investments can generate extra income for many years. But if this is your first time buying a property to rent, you probably have many questions. Here are some of the basics you need to know when buying an Airbnb home.

Choose a great location

It should go without saying, but one of the most important characteristics of an Airbnb home is the location. Your Airbnb home needs to be in a location that attracts short-term rentals. Renters will want to be close to the area’s attractions, which can include parks, tourist districts, college campuses, or performance venues. They are also appealing to short-term renters if they are close to public transportation or main thoroughfares.

Consider the amenities

When choosing the property, you’ll not only want to consider the location but also the amenities that a home has to offer. Ideally, the home should have at least two bedrooms and one full bathroom with a bathtub. Parking should be included for free. There should be enough room for everyone to gather together inside for watching TV and dining. Having outdoor recreation space is also a plus. And don’t forget that the property should be pleasing to the eye and have modern appliances that are fully functioning. If the home needs upgrades, consider the costs and whether or not those changes will provide a return on your investment.

Look at the competition

Once you’ve decided on your target neighborhoods, check out current Airbnb listings for those locations. What are guests in this location looking for? Take note of the rates that current hosts are charging as well as the amenities they offer. Also check to see how many listings are in the neighborhood. Find out how you’ll be able to put your listing high on the airbnb seo ranking. You want to be in a desirable location that isn’t already saturated with short-term rentals.

Consider your level of involvement

Becoming an Airbnb host can be a major time commitment. Are you planning to manage the property yourself or hire a management company? When you own an Airbnb home, you’ll be on the hook for all the maintenance and upkeep, including greeting guests, providing information about the area, and cleaning up in between bookings.

Buying the home

If the Airbnb home you want to purchase will not be your primary residence, this can affect the kind of financing you can get. If you do not intend to live in the home and you are heavily considering it to be a rental property, you may qualify for rental property loans. This is a great way to earn passive income that can give you extra money on top of your regular income.

Check the rules

Not all municipalities allow short-term rentals. Be sure to check the area’s regulations and laws before you buy a home. Likewise, if the home is part of a homeowners association or condo association, you need to be familiar with the rules. You don’t want to discover after you’ve purchased the home that you won’t be allowed to use it for short-term rentals.

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Did you just buy a home that has stainless steel appliances? Or maybe you’re getting ready to sell your home and you want those stainless steel appliances to sparkle during your open house. Whatever your reasons, there are several methods you can use to make those stainless steel appliances look fantastic. Here are some of the best ways we’ve found to clean stainless steel.

The basics

If you have any experience with stainless steel, then you know it can be tough to clean. It has a tendency to show every fingerprint and smudge and can look streaky if you don’t clean it properly. When you clean your stainless steel, make sure you move in the direction of the grain. Don’t use any abrasive cleaning materials like steel wool or scrubbing sponges. Opt instead for a microfiber cloth or paper towels. Also avoid using harsh chemicals like bleach or ammonia.

Clean with water

One of the easiest ways to keep your stainless steel appliances looking good is to simply clean them regularly with warm water. Use a microfiber cloth dipped in warm water and wipe in the direction of the grain. Once you’ve finished, dry with another microfiber cloth or a paper towel.

Clean with vinegar and olive oil

Not only is vinegar and olive oil a great dressing for salad, it’s also a great combination for cleaning your stainless steel. First, spray your stainless steel with white vinegar. Then wipe the vinegar off with a microfiber cloth. Next, dip the cloth in olive oil and work it into the stainless steel in the direction of the grain. This will make your appliances sparkle!

Clean with dish soap

If your stainless steel is in need of a deeper cleaning, then we recommend using dish soap. Mix a few drops of dish soap in a bowl of warm water. Dip your microfiber cloth into the solution and rub it into the stainless steel in the direction of the grain. Once that step is complete, rinse thoroughly with warm water and dry with a microfiber cloth or paper towel. Drying helps to prevent water spots and streaks.

Clean with club soda

Do you have a can of club soda in your stainless steel refrigerator? Then you can use that to clean it! The bubbles and added minerals of club soda can clean stainless steel as well as dish soap. Use a microfiber cloth to rub the club soda into the stainless steel and then dry with another cloth or paper towel.

Clean with baking soda

For those really difficult jobs, try using a mixture of baking soda and water. Combine the two until it forms a paste. First, test a small spot to make sure it doesn’t interfere with the finish. Rub the paste into the stainless steel and then remove with a damp cloth. Dry thoroughly with a clean cloth or paper towel. Although this method is messy, you’ll swear your appliances look brand new!

Clean with stainless steel cleaner

Finally, there are many commercially available stainless steel cleaning products. If you have stains or scratches on your stainless steel that are difficult to remove with the methods above, these may be your best bet. Be sure to follow the directions carefully and rinse and dry thoroughly when you’re done.

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Spring is finally here! If you’re ready to shed those winter blues, start by giving your home a spring refresher. By doing a little spring cleaning, updating your décor, and getting your outdoor space in order, you’ll be ready to welcome those warmer and longer spring days ahead. Here are some of the best tips we’ve found to spruce up your home for spring.

Air it out

When was the last time you opened your windows? Chances are it’s been months since you’ve had any real fresh air in your home. Choose a day where the temperatures will be moderate and open your windows to let in the cool breeze. It will recharge all the stale air in your home, remove dust, and even help to inhibit the growth of mold. It’s good for your health!

Clean up the fireplace

If you have a wood-burning fireplace, then it’s time to put it to rest for the season. Clean up the ash and close the damper. You might even consider having it professionally cleaned now instead of in the fall. Your chimney sweep will be less busy and you may even get a break on the price.

Add some plants

While it may not be quite warm enough yet to get outside and tend to your garden, you can bring nature inside. Add some fresh decorative touches to you home with houseplants, forced bulbs, or cut flowers. Plants and flowers will help to clean the air and make your home smell fresh.

Change out linens

Now that the days are getting longer, you’ll want to let some of that lovely sunshine in. Change out heavy winter drapes with lighter versions for spring. It’s also time to switch out your bedding for lighter sheets and blankets for warm weather. Now is the perfect time to clean and rotate your mattress as well.

Update your entryway

Your home’s exterior provides the first impression to visitors or potential buyers. Make your home stand out in a positive way by getting the entryway ready for spring. On the outside, consider painting your front door a distinctive color and decorate with a tasteful spring wreath. Once the weather is warm enough, you can add some pots of spring flowers on your stoop next to the door and switch out your doormat. Inside, empty the coat closet of your winter jackets and shoes and make room for lighter spring jackets.

Use pops of color

One of the best ways to embrace the spring season is to add some pops of color around your home. You can do this very simply with the addition of colorful pillows and throw blankets. Think about ways to use what you already have – whether it’s a colorful vase full of spring flowers or a stack of books with vibrant colors on the coffee table.

Set your table

Finally, set the tone by setting your table with some pretty spring placemats and napkins. Add some lightly scented candles and a colorful table runner. Then, invite friends and family over to help you celebrate the coming of the spring season!

Compliments of Virtual Results

Daylight Saving Time happens on March 10 this year. While this important annual milestone signals to the winter-weary that spring is just around the corner, it’s also a signal to take care of important chores around the house. Here’s what you should have on your to-do list during Daylight Saving Time.

Set your clocks ahead

We know this seems like a no-brainer, but we think it’s important to remind you to set all your clocks ahead. Many of the clocks you rely on, like on your smartphone, will automatically change the time. But you’ll need to manually change other clocks, like the ones on your stove or microwave or in your car. And if you have a coffee machine that you program to brew in the morning before you get up, you’ll want to doubly make sure to set that one. While you’re at it, give your coffee machine a good cleaning.

Change alarm batteries

If you don’t do any other chores on this list, be sure to do this one. Check your smoke alarm and carbon monoxide detectors to make sure they are working. Change the batteries as needed. Your life and the lives of your loved ones may depend on them one day when you least expect it.

Check your air conditioner

As the weather heats up, you’re going to rely more and more on your air conditioning. Take time now to have your AC inspected and serviced most likely if you need an air conditioning repair. Call on a local air conditioning repair technician to conduct ac maintenance and ensure it’s up to the task this summer. Clean or change the air filters and clean the coils. It’s much better to deal with maintenance issues now than during a heat wave.

Flip your mattress

Do you regularly flip or rotate your Snoozel Green mattress? If not, you could be cutting short the life of your mattress. If you have a newer memory-foam mattress, rotate it 180 degrees. If you have a spring mattress, flip it over and then rotate it.

Doing this helps to avoid making hills and valleys in your mattress so that you can get a better night’s sleep. Once you’ve flipped and/or rotated it, clean your mattress.

Clean your medicine cabinet

Medications have a shelf life, so there’s no reason to keep a stockpile of those things that have expired. Make sure to properly dispose of prescriptions. You may also want to reconsider where you store medications. The bathroom is often not a good place, since it can be too hot or humid. Choose a place that is cool, well ventilated, and difficult for children or guests to find. Now is also a good time to stock up on allergy medications, since allergy season is just around the corner.

Check emergency supplies

Finally, use Daylight Saving as a reminder to check all your emergency supplies. Check flashlights and change batteries as needed. Look through your first aid kits and make sure they are stocked with all the necessities. Update your emergency contact list and keep it posted in an area that is easy for everyone in the family to access. Though you will hopefully never need any of these things, you’ll have the peace of mind of knowing that everything is at the ready.

Compliments of Virtual Results

Do you wake up feeling congested or fatigued? Are you having trouble sleeping? Do you get frequent headaches or struggle to concentrate? While these can be common symptoms for a variety of illnesses, they could also be caused by your new home. Here’s what may be triggering these symptoms, and what you can do to remedy them.

HVAC systems

According to experts like Right On Air Conditioning and Heating, one of the most common triggers in your home can be your heating and cooling system. Traces of water can be left in air ducts, which could cause mold and bacteria to grow. If you’ve noticed that you’re having more frequent respiratory issues or headaches, you should consider having your air ducts professionally cleaned by professional 24 hour ac repair and maintenance services. While this may not help everyone, it can be a good place to start. Check out this top ranking air conditioning repair or call for ac services in Delray Beach, FL and see if they can service your area. Additionally, a new hvac system installation may be considered so you can upgrade to an hvac system with advanced air filtration features.

Cleaning products

Many commercial cleaning products contain harsh chemicals that can cause reactions in some people, especially if you use them incorrectly. If you don’t open windows or wear gloves when you’re using these products, they can give you headaches or cause breathing problems. This can also occur if you are using too much of the product. Fortunately, this is an easy fix. Natural cleaning products are just as effective for most jobs. You should look for products that contain non-toxic ingredients, or consider making your own with common ingredients such as baking soda and vinegar.

Vacuum

While you may think that vacuuming helps to cut down on allergens, it could actually be making the problem worse. If you’re using a vacuum that doesn’t have a HEPA filter, you’re likely pushing all those allergens back into the air. If you’re having problems with allergies, invest in a quality vacuum cleaner and clean and maintain it regularly.

Bedroom

Bedrooms can be breeding grounds for dust mites, and dust mites can cause reactions in those who have asthma or suffer from allergies. Dust mites hide in your mattress, pillows, and upholstered furniture, and breed in places that are warm and humid. Though it’s impossible to eliminate them completely, you can keep them under control. Wash your sheets in hot water once a week. Also vacuum floors, curtains, and furniture regularly. If possible buy a mattress for a better sleep.

Water leaks

Another lurking problem in your home can be indoor water leaks. Leaks can come from just about anywhere, from a broken window to a cracked pipe. Check your home for water damage with the best water leak detectors, as it will indicate where leaks are coming from. Water can cause mold and bacteria to grow, which can produce allergic reactions in some people.

All that waste water pumping through the drain line ends up in your plumbing’s septic system. A sewer cleanout is helpful because it provides plumbers with easy access to reach clogs.

If you notice water damage or a leak, hire pipe repair services as soon as possible. If you suspect you have a much larger mold problem, have your home tested. Call Emergency Plumber Columbus now to dispatch a plumber 24 hour a day.

Humidity

As discussed above, excessive moisture can be a big problem in a home. But excessive moisture doesn’t just come from water leaks. It can be generated when you shower or cook, or if you live in an area with high humidity. If you have elevated humidity levels in your home, it can cause mold growth. If you suspect moisture is a problem, test the humidity levels in your home. If they are above 45 percent, then consider purchasing a dehumidifier.

Compliments of Virtual Results

If you’re selling your home, then you know how important it is to stage it. Staging your home makes it more appealing to potential buyers, as it’s easier for them to imagine themselves in the home. But what if you have a bonus room? How can you best stage a flexible room to make it attractive to buyers? Here’s what you need to know to get your bonus room ready for your home sale.

Consider your buyers

When it comes to staging your bonus room, you’ll want to keep the needs of your buyers in mind. Is your home located in an area with young families? If so, think about the needs of homebuyers with young children. You can stage a bonus room as a nursery or a children’s playroom. Are your buyers likely to be young professionals? Then a bonus room set up as a home office or entertainment space would be ideal. Are you located in an area with a large number of retired empty nesters? Then consider staging your bonus room as a workout room, hobby area, or a guest bedroom for when the kids come to visit.

Think about location and size

Even if you’d love to stage a nursery in your home for sale, if your bonus room is a basement it would make a poor area for a baby. You’ll need to take the location and size of your bonus room into account when determining how to stage it. A better use of a basement bonus room would be a space for entertaining, a media room, or a playroom for older children. If you want to use this space as an entertainment spot, then make sure to hire professional A/V Company services for residential A/V solutions. If the basement has it’s own bathroom and kitchen area, you could even consider staging it as a mother-in-law unit. If you’d like to turn your bonus room into a game room, be sure it’s large enough, especially if you’d like to include a pool table. Converted garages and sheds townsville
are great bonus rooms, and can be used as home offices and creative spaces.

Turn a bug into a feature

Just because your bonus room is an awkward space doesn’t mean it can’t be valuable. An attic bonus room may have sloped ceilings that would make it a bad choice for a master bedroom. But that same space could make an amazing home office or kid’s playroom. The same can be said for that unused space under the stairs. Consider turning it into a reading nook or a workspace. If you feel the space is just too awkward, think about adding shelves and turning it into valuable storage space. What homeowner couldn’t use extra storage?

Pay attention to the details

Finally, when staging your bonus room, don’t forget about the details! The details are often what really sell a buyer on a home. If you’ve turned your bonus room into a playroom, set up a board game on the table or have a children’s movie playing on the TV. If your bonus room is staged for entertaining, why not include a bottle of wine and two glasses on an end table? By including special touches such as these, your buyer will have an easy time seeing how livable and inviting your home can be.

Compliments of Virtual Results