- 22 January 20189 ViewsContinue Reading
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
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
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
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
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!
- 5 December 2017142 ViewsContinue Reading
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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The home buying process can seem overwhelming at first. A home purchase is a major commitment. Buying a home requires a lot of time and effort. If you follow these 10 steps to homeownership you can understand and manage your home purchase more easily.
An informed home buyer will feel less stress and the process will flow more smoothly if you educate yourself early on. But the better you understand the process and the people/parts involved, the less stress you may feel.
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Great news for home buyers! Now you can view the snapshot of a city you’re interested in by selecting the city from the LystHouse homepage. Complimenting our Google Street View integration, the City Snapshot allows our users to see photos and stats of the cities they are interested in in.
Features of City Snapshot include:
Walkability Score – this measures the walkability and pedestrian friendliness of neighborhoods based on the analysis of population density, road metrics, intersection density, block length, and hundreds of walking routes to local amenities. Amenities located within a quarter mile or 5 minute walk are given maximum points. Points decrease the longer the walk and the farther the amenities. After a walk exceeds 30 minutes, no points are given.
Transit Score – this measures how well a city provides access to public transportation. Transit score is based on analysis of data provided by public transit agencies.
Photos – Photos of the city are pulled from Google
Snapshots of home for sale – Every 5 minutes we pull the newest homes for sale within a city so you get the latest status updates on homes for sale in the cities you care about.
Properties for Rent – Every 5 minutes we pull all the newest properties for rent within a city so you get the latest status updates on homes for rent in the cities you care about.
Local Schools – View local schools on the map
Map and other Statistics – You’re going to love exploring the map on the City Snapshot to explore dining, entertainment, and many other local amenities!
We added this feature to further delight our users and make their real estate search experience more informed and efficient. We know that the city and neighborhood where you buy your home is just as, if not more important than the home itself. Google Street View and now the City Snapshot allow users to get to know more about their city by providing this precious information.
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