August-2023-MVP-Blog-Post-Image.jpg To avoid buyer’s remorse, be sure to consider your future self when shopping for a home. Most new homebuyers don’t regret becoming homeowners. In fact, according to a survey by LendingTree, 80% of recent buyers who successfully overcame a challenging housing market say they’re glad they found their current homes.1 But that doesn’t mean newly-minted homeowners don’t have any regrets about their buying choices. On the contrary, research shows that even the most-satisfied homeowners would change some aspects of their home purchase if given the … Continue reading...
Information on HOA’s and condos
Understanding the difference between condo and HOA fees is crucial when considering living in a condominium or a community with a homeowners association. Condo fees, typically higher, cover a broader range of maintenance responsibilities, while HOA fees tend to be lower. It should be noted that neither HOA nor condo fees are tax deductible. This is a question that gets asked frequently by prospective buyers. The two associations differ between ownership structure, fee allocation, and the ability to impose penalties. It is crucial to comprehend these distinctions, research the financial … Continue reading...
Getting a divorce, some items you need to know.
For owner occupied residences, we are limited to 80% max loan to value ratio. When it comes to a divorce, if one spouse is keeping the house they will often have to pay the departing spouse their share of the equity in the home. A cash out mortgage is often necessary to get this done. However, the traditional Texas Home Equity loan could make that difficult due to the cap at 80% of the available equity. Enter the Owelty loan. This is specifically for a divorce where cash is needed to pay the departing spouse. You can get cash out to pay off the departing spouse, even if the loan … Continue reading...
Why your offer maybe did not get accepted.
You think you have found the perfect house and want to make an offer. Your REALTOR discusses the price you want to offer, your terms and the moving date with you. The offer is presented and you think you are on your way to home ownership. A few days later, your agent lets you know that the seller accepted another offer. Disappointed, you wonder what went wrong? Here Are Some Reasons What May Have Gone Wrong... The Amount Offered Was Too Low We are experiencing a low inventory market. Even though it's understandable that you want to get the best price possible, the … Continue reading...
What are homes sales looking like in the U.S.
Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June soared to their second highest on record in the last two decades, and more buyers are facing multiple offer situations once again, the latest reports from the National Association of REALTORS® shows. NAR’s Pending Home Sales Index—a forward-looking indicator of home sales based on contract signings—rose 0.3% in June, the first increase in four months. “The recovery has not taken place, but the housing recession is over,” says Lawrence Yun, … Continue reading...
Have your home ready to show.
Heading: Keep Your Home Show Ready If you've ever sold a home or are thinking about selling your home, you'll always hear about staging and ensuring your home is "show-ready." These are very important, but unless you move out of your home while it's for sale, having a show-ready home is easier said than done. After all, life still must go on. So here are a few tips to ease stress and help you maintain a home that will wow potential buyers. Keep Your Home Fresh When your home is on the market, it's good to let it breathe. Open the windows and let air flow through your home frequently so … Continue reading...
Things to do in August in Colorado
5 things to do in Colorado in August Make the most out of the long summer days while they last and enjoy these events and attractions this August in Colorado. Peaches are low in calories, rich in fiber and a good source of vitamins and minerals. Photo by Getty Images.Peaches are low in calories, rich in fiber and a good source of vitamins and minerals. They’re the stars of the summer harvest in Colorado. August in Colorado offers outdoor adventures, vibrant festivals and opportunities to taste Colorado-grown food, picked at the peak of deliciousness. Make the most out of the … Continue reading...
Why you should buy a home
Did you know that a home purchase gives you a 34% return on your dollar Gold gives you a 26% return Stocks give you a 18% Saving accounts 13% and bonds 7 % Owning real estate means more than just having a home-it's an investment in your future. That's because it's typically a stable and secure asset that tends to increase in value as time goes on. … Continue reading...
What you need to know about HOA’s
Homeowners Associations (HOAs) are vital in managing and improving residential communities through regulations and maintenance work. HOAs are governed by elected boards that oversee their operations, and residents contribute fees to sustain community upkeep. With rules aimed at enhancing neighborhoods, HOAs can increase property values. We will provide an overview of HOA functions, including governance, rules, fees, and the pros and cons of living in an HOA community. It also explores considerations for homebuyers and current homeowners. While HOAs usually look out for owners' best … Continue reading...
Why curb appeal is so important in selling a home
Featured Image Why is Curb Appeal Important for Home Sellers? • Curb appeal can greatly impact the first impression potential buyers have of the home. • A well-maintained and attractive exterior can make a home stand out from others on the market and create a positive emotional connection with potential buyers. This can lead to more interest in the home, more showings, and ultimately a quicker sale and higher selling price. • Curb appeal can make a significant difference in a home's marketability and overall value. So, more interest equals more offers! While dedicating … Continue reading...