• Resolutions to Make If You Want to Buy a Home in 2018

    resolutions to buy a home

    Is one of the New Resolutions you made about buying a home? One of the most important factors which could make the home purchasing process a lot easier is to plan ahead of time. When you do so, you will be able to understand the process and choose the home which suits you the most. Planning well ahead of time also helps to discover some shortcuts which could be used in the home buying process. Here are some resolutions you should make to buy the dream home you always wanted.

    Resolution 1: Decide Exactly What You Want

    deciding what home to buy
    The very first and the easiest step is to decide what you actually want. You should be able to determine the where, when and what about this purchase. Some questions you should ask yourself are as follows:

    i. What type of house do you want?
    ii. What area would you like the house to be located in?
    iii. When would you want the purchase to be finalized?

    Because buying a new house is an extremely serious commitment you should definitely spend a lot of time in thinking about the whole process before making a decision. Choose a house in which you will be happy for several years to come.

    Resolution 2: Get Your Finances in Order

    saving to buy a home

    Once you know what exactly you are looking for, it is time for you to get realistic about what you can actually afford. How much money have you set aside for the down payment? What is your monthly budget for the mortgage going to be? Do you have the amount required for closing taxes and costs? Is your financial position stable? There are very few people who can purchase the house using cash. Therefore, start planning on getting a loan as well. Which leads us to our next resolution.

    Resolution 3: Get the Pre-Approval Before You Begin To Look for Houses

    get preapproved to buy a home
    Pre-Approval means speaking with a loan officer to have your credit files reviewed and getting the approval of the loan officer before-hand. If your loan officer believes you qualify for the given loan amount only then proceed to apply for a loan. Based on your income, debt, and other information, the lender is going to provide you with the pre-approval letter, which will effectively show your borrowing power.
    Even though it is not the final loan approval, these preapproval letters will be used to show that as a home buyer you have the ability to move forward with a home purchase successfully and is generally required to submit an offer on a home. This information is extremely important for homeowners as they are unlikely to accept offers which are probable to fail due to the finances. Loan officers are going to be very carefully reviewing your financial situation which includes your credit reports and other information and then s/he will suggest programs which meet all your requirements.

    Resolution 4: Use a LystHouse Real Estate Agent

    lysthouse real estate agent
    Purchasing and selling property is a highly complicated process. Even though at first it might seem that you can find the correct home by simply by searching for homes online ; houses differ, and so do the contract terms and conditions, finance options, inspection requirements and also the closing rates. This is where you would require the help of a LystHouse real estate agent. A LystHouse real estate agent has information about the in’s and out’s of the industry and knows how to effectively deal with the home seller to get you the perfect house in the price range you have. The best part is you’ll save money buying a home with a LystHouse real estate agent because LystHouse give .5% CASH BACK to first time home buyers. For those that are selling and buying, you sell for FREE when you buy your next home with LystHouse that saves you 3% on the sale side.

    By choosing and opting for the above mentioned real estate resolutions, you might be able to purchase the dream house you have always wanted in 2018!

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  • The Difference Between FHA and Conventional Home Loans

    the difference between conventional and fha home loans

    There are a lot of different questions regarding the conventional mortgage loans from those who want to buy a house. They often question why conventional loans are so much harder to get than the FHA Home Loans. Another frequently asked question is regarding the major differences between the FHA Home Loans and the conventional home loans.

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  • The Best Time to Buy a House (SPOILER ALERT) …. It’s NOW

    winter mid century modern home for sale

    Home sales mostly tend to rise with the temperature. Summer and spring are historically supposed to be two of the best times to consider buying a house. The weather is comparatively warm, the inventory high, and the school year is slowly winding down. However, those who purchase the house during these peak buying seasons will also have to face more competition and even higher prices. On the other hand, all the home buyers who can brave the cold weather might be able to benefit in numerous ways by buying a home now.

    Even though winter home buyers are generally going to come across a small inventory, they have a noticeable advantage as they would have a fierce competition to face. Furthermore, in January the prices are supposed to be at their lowest. In 2019, with the mortgage rates likely to increase, there are numerous reasons why January is considered the best time to buy a house. Following are some reasons why you should purchase a house in January.

    The spring of the home selling season begins at the very beginning of the year which is January. Right after the very first day of the year, there is a sudden burst of activity from those people who have been waiting for the holiday season to end. It is this time of the year when people start to post about home listing and the prices are comparatively lower.

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  • What is the Difference Between VA and FHA Home Loans?

    difference between va and fha home loans

    Wondering “what’s the difference between VA and FHA home loans”? The Federal Housing Administration (FHA), which is a branch of the U.S. government, guarantees FHA loans. On the other hand, a subdivision of Department of Veterans Affairs, namely the Veterans Benefits Administration, ensures VA loans. It is pertinent to mention that everyone can qualify for an FHA home loan, but only active or retired veterans are eligible for a VA home loan.

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  • LystHouse OfferNow

    OfferNow

    LystHouse OfferNow is a home buying option for home buyers who want to instantly make an offer on a home. In just a few clicks, home owners are able to make an offer with a licensed real estate agent. The instant offer is provided to the home buyer at no cost or obligation to buy. After a home buyer puts in their information, they will be contacted by a licensed real estate agent to verify and confirm information and answer any questions the home buyer may have. Next, LystHouse will reach out to the sellers and let them know that an offer is on its way for their review. Then the offer paperwork is electronically drawn up and sent to the home buyer to digitally review and sign before it is presented to the seller. Not a home buyer? We have answers for home sellers and investors too!

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  • How to Sell Your Home Fast

    Sell your home fast with LystHouse

    Selling your home fast for the highest price possible is our bread and butter at LystHouse. Here are a few quick tips on how you can make sure your home sells quickly, easily, and for the highest price you can get.

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  • Keeping Cool and Saving Money This Summer by Summer-Proofing Your Home

    Summer-Proof Your Home

    Summer is heating up about as fast as the real estate market is here in Texas! But just because it is scorching outside doesn’t mean you  need to let your electric bill skyrocket. Here are a few ways you can save money with your energy bill during these sizzling hot months.

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  • 3 Tips for Homebuyers in a Rocket Fueled Real Estate Market

    Fast Paced Real Estate Market

    At LystHouse, we sometimes sell homes within hours of putting them on the market. So we know it’s tougher than ever right now for many homebuyers as they struggle to beat out the competition. Follow these 3 tips and you’ll be better prepared to win in a fast paced real estate market like we’re seeing now in North Texas.

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  • High-Speed Train Service Will Be a Game Changer for Real Estate in Texas

    texas bullet train Rural Viaduct Rendering 2

    Texans are poised to get a high-speed train that provides safe, affordable and reliable transportation between North Texas and Houston with a stop in the Brazos Valley. The Texas bullet train will use the proven Tokaido Shinkansen, the world-class technology that has operated for over 50 years in Japan without a single passenger injury or fatality from train accidents.

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  • Text Msg Marketing for Home Sellers

    text-message-marketing-for-home-sales

    LystHouse already makes real estate easy over mobile devices. But recently, we just made it even better! Now, all homes listed with LystHouse come complete with automated text message marketing. Home buyers need only text the listing code on the For Sale sign to receive the virtual tour of the property sent to their phone.

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