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What is the definition of an agent?
I’m ready to help you! At Lake Realty, there is never a fee to the buyer.
The mortgage process.
What you need to know. Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.
Mortgage rates on the rise so far this year.
But that’s not necessarily bad news. Mortgage rates are on the rise so far this year. But that’s not a bad sign! In a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate. As seen in the graphic, home prices APPRECIATED […]
2 ways to get the most money from the sale of your home.
Here are two keys to ensure that you get the highest price possible. 1.) Price it a bit low This may seem counter-intuitive, but let’s look at this concept for a moment. Many homeowners think that pricing their homes a little OVER market value will leave them with room for negotiation. In actuality, this just […]
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Certified New Home Co-Broker
To serve you better. The challenge in today’s market is to be able to serve a new home shopper and a resale shopper with the same high level of service. That’s why I earned my New Home Co-Broker Designation. According to the National Association of Realtors, Realtors sell 63% of new homes. And—according to a […]
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Due Diligence Fee
Do you know what Due Diligence Fee means?
Where are mortgage rates headed in 2018?
Heading higher… According to Freddie Mac’s U.S. Housing Marketing Outlook, interest rates are expected to slowly but surely head higher in 2018. What does this mean for you if you are considering buying a new home? Depending on the amount of the loan that you secure, a half of a percent (.5%) increase in interest […]
Low inventory of homes, especially starter homes.
Now may be the perfect time to sell. According to Trulia, the U.S. supply of homes on the market in the 4th quarter of 2017 dipped 10.5% compared to the same quarter in 2016. That’s the biggest drop since the 2nd quarter of 2013. Digging deeper, the bar chart shows that starter homes fall into […]
Whether you rent or buy, either way you are paying a mortgage.
Rent is like a mortgage. There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in […]
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What you should do before shopping for houses
Talk to your local lender! As a broker, there is no point in showing homes that a buyer is not qualified to purchase. Home sellers are certainly not going to want to have unqualified buyers walking through their home, either. So how can we solve this dilemma? Talk to your local mortgage professional. Submit your […]