Wilson Wolfe Real Estate



Posted by Wilson Wolfe Real Estate on 12/10/2017

Have you heard a lot about HUD homes, but arenít sure if you should buy one or what the process entails?  HUD stands for The Department Of Housing And Urban Development. The FHA (Federal Housing Administration) is a part of HUD. The FHA is where federal mortgage insurance comes from. If a home is foreclosed on and insured by the FHA, the lender has a right to file a claim for the balance due on the mortgage. The FHA will pay this claim, and then transfer the ownership of the property to the HUD who will sell the home.


Will A HUD Home Provide A Price Break? 


The answer to this question is not necessarily. A HUD home is appraised just like any other home for sale. The price is based on the fair market value of the home. The prices may be adjusted according to any repairs that need to be made to the home. Itís a good idea to have your realtor look into comparable prices for HUD homes, as these properties arenít guaranteed to be a deal.


Know that HUD homes are sold as-is. There isnít much negotiating like that of a typical home purchase. As the new owner, youíll be responsible for all of the repairs. Itís a good idea to invest in a home inspection before you buy a HUD home for this reason. Youíll have a better understanding of what youíre getting into with this type of home purchase. 


How Do You Begin The Search For A HUD Home?


Housing and Urban Development homes are listed by state on the departmentís website. This is a good place to start your search. The site also lists brokers who are approved by the HUD. You can then contact local brokers to show you the HUD properties that youíre interested in.


The Process Of Making An Offer


Buying a HUD property can be very different than buying any other type of home in that the offer process is a bit different. These properties are sold through bids. You must hire a licensed real estate agent to assist you in this process, you canít just put a bid in on your own. Youíll need to be sure that your offer is placed during the designated offer period. Either the highest bid is accepted or the bid that came in first in order will be taken. Generally, the HUD wants to take the offer that will get them the most profit.


Careful With Financing


The HUD does not finance homes. Youíll need to apply for a mortgage just as you would in buying any other home. Before you can even make an offer on a home you must have approved financing. If for some reason you get through the process of having your offer accepted on the home and the financing falls through, thereís a chance that you could lose your earnest money deposit.     

     





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Posted by Wilson Wolfe Real Estate on 12/3/2017

If youíre in the process of moving, you donít necessarily need to hire a moving company. Hiring movers is only one option of many when it comes to getting your stuff from place to place. If you want to save some money on your move, you should check out alternatives to hiring movers.  


Containers


If you donít want to drive your own moving truck, but still could use some assistance on your move, you should take a look at container moving. You fill up the container with all of your stuff, and the company will get the container from place to place for you. This is especially helpful if you are doing a long-distance move.


Self-Service


You can always rent your own truck, pack your own stuff, and head out the door on your own. Youíll pay for gas and mileage, but have control of your own timeframe. Moving companies often have many different resources available to help you in the process including boxes and packing supplies. National companies provide convenient truck returns over most parts of the country where youíll be, so itís easy to get the truck back. 


Ship Your Stuff


If you happen to be moving a long distance, sometimes, itís more cost effective to let the big stuff go. Ship items like clothes, books, DVDs, and other personal belongings that canít easily be replaced. Sell big items like beds and sofas. 


You can use many different kinds of shipping services, or even use air cargo to get your things from one place to another. While youíll need to purchase some furniture when you get to your final destination, this could be a good option, especially if youíre looking to start over, or if you donít own a whole lot of furniture and large items.


Use Your Car


Your car is always an option to help you move no matter where you are moving to. Whether youíre moving across the country or just across town, youíll probably need to pack your car. Itís also a lot of fun to have your car for a road trip on long distances. This way, youíll have a lot of stuff with you, but you can still travel and see many things that you wouldnít have seen otherwise.


Tips For Packing The Car


You want to be able to get the maximum packing space out of your car for the move, no matter how far youíre going. First, you should plan how youíll pack ahead of time. You donít want to save the task of packing the car for moving day. Also, you need to make sure that there will be room for every living thing that needs to go into the car like children and pets. Those are important and you definitely donít want them all squished in between some boxes during a long move!




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Posted by Wilson Wolfe Real Estate on 11/26/2017

Looking to buy or sell a house in the near future? Hire a real estate agent, and you should have no trouble achieving the best possible homebuying or home selling results.

Ultimately, there are many great reasons to trust a real estate agent throughout the homebuying or home selling journey, including:

1. A real estate agent boasts comprehensive industry experience.

When it comes to buying or selling a house, there is no reason to work alone. Fortunately, real estate agents are available who possess extensive industry experience and understand what it takes to buy or sell a home, regardless of the current housing market's conditions.

An experienced real estate agent is easy to find Ė all you have to do is search.

With a simple online search, you can discover dozens of qualified real estate agents in your area. Then, you can reach out to local real estate agents and find one who can help you navigate the homebuying or home selling journey.

2. A real estate agent can help you accelerate the process of buying or selling a home.

The process of buying or selling a house can be time-consuming. Conversely, a real estate agent understands what it takes to streamline the homebuying or home selling cycle.

For a homebuyer, a real estate agent will help this individual discover a great home in no time at all. In fact, a real estate agent will set up home showings, keep a homebuyer up to date about new houses as they become available and ensure a homebuyer can narrow his or her home search. That way, a real estate agent will make it simple for a homebuyer to quickly and effortlessly complete the property buying process.

On the other hand, a real estate agent will help a home seller add a property to the real estate market and optimize the property's value. This housing market professional will even negotiate with homebuyers on a home seller's behalf to boost a seller's chances of generating a profit from a home sale.

3. A real estate agent knows how to handle tough situations.

Buying or selling a house should be a fast, seamless process. However, this rarely, if ever, is the case.

Luckily, a real estate agent knows how to handle difficult situations and ensure a homebuyer or home seller can overcome assorted hurdles. He or she can help an individual alleviate stress and proceed with confidence throughout the homebuying or home selling journey.

If you need a helping hand as you get ready to buy or sell a house, it pays to collaborate with a real estate agent. This housing market professional is a real estate expert, and as such, will do whatever it takes to help you accomplish your homebuying or home selling goals.

Employ a real estate agent today Ė you'll be happy you did. With a real estate agent at your side, you can increase your chances of enjoying a successful homebuying or home selling journey.





Posted by Wilson Wolfe Real Estate on 11/19/2017

Looking to buy a house? Ultimately, you'll want to attend at least a few open houses in your city or town. By doing so, you'll be able to understand exactly what you'd like to find in your dream house.

Before you attend an open house, there are several factors to consider, and these include:

1. Your Homebuying Budget

With a budget in hand, you can narrow your search for the ideal home. That way, you can avoid the temptation to attend open houses for residences that fall outside your price range.

To establish a homebuying budget, take a look at your current financial situation. Then, consider your future expenses like those related to student loans or children and plan accordingly.

In addition, it never hurts to get pre-approved for a home loan. If you gain pre-approval, you can enter the housing market with a budget in hand and review a broad array of houses that match your budget.

2. Your Homebuying Checklist

If you're living to a warm-weather climate, you may want to own a home with a swimming pool. Or, if you plan to reside near the ocean, you may consider houses where you can dock your boat nearby.

Create a homebuying checklist before you visit open houses. This will allow you to streamline your home search and accelerate the homebuying journey.

Also, it may help to separate your homebuying checklist into "wants" and "must-haves." Although your dream house may not include all of your homebuying checklist "wants," you can use these categories to determine exactly what you'd like to find in your ideal residence.

3. Your Homebuying Timeline

Are you planning to move next week or in the next several weeks? Some homebuying journeys are faster than others, and you'll want to map out your property buying journey based on when you need to move.

For example, if you've accepted a new job in the city, you may need to move quickly to relocate. This may require you to act so you can get settled in a new home before you begin your new job.

Comparatively, if you're in no rush to relocate, you can take a wait-and-see approach to the housing market. And if you attend an open house and like what you see, then you can submit an offer to acquire a residence.

If you're unsure about how to approach open houses, there is no need to worry. In fact, many real estate agents are available in cities and towns nationwide to assist homebuyers.

A real estate agent can offer expert insights into a home before a homebuyer attends an open house. Plus, this housing market professional can provide honest, unbiased homebuying recommendations and will even negotiate with a home seller on a buyer's behalf.

Get ready for an open house Ė consider the aforementioned factors, and a homebuyer should have no trouble exploring a broad array of residences and finding one that he or she can enjoy for years to come.




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Posted by Wilson Wolfe Real Estate on 11/12/2017

Buying a home is the mark of an important milestone in your life. While youíre very excited, you need to be prepared for all of the costs that are associated with buying a home. There are a few different costs that go into buying a home that are often overlooked. Before you dive into the home buying process, youíll want to be prepared.



The Closing Costs


Many homebuyers have gone smoothly through the process of buying a home until they get to the closing table. They suddenly realize that they need a bit more cash than they anticipated. You probably were more than prepared with your down payment, but thereís other costs that are associated with buying a home. Some costs that you should be prepared for include:


  • The home appraisal
  • Attorneyís fees
  • lenderís fees
  • Underwriting fee
  • Processing fees
  • Inspection fees



Youíll receive a disclosure up front to help you understand all of the charges and cash that you must present when your signing the final documents for the purchase of the house. Keep in mind that many of these fees can be negotiable. 


Decorating Your New Home


Once you move into a new home, youíre going to want to decorate the space. You may need a some new furniture. Perhaps you own no furniture and need to furnish the entire house. Youíll want to budget for this. The good news is that there are plenty of ways to fill up your home with items that wonít break the bank yet look good in the home. Places that you can shop include online sources like Craigslist or Facebook Marketplace. You can even check out local second hand stores for some great deals on furniture and decor that is in good condition. The important thing is that you understand how much youíll need to buy as you move into the home.   



Escrow Accounts


The escrow account typically holds the insurance and taxes for the home. Funds are withdrawn as premiums and payments are due. Not every lender has these set up, but you should be prepared to have the money up front for the home insurance and even the taxes at the closing table.  


Improvements Around The Home


There will be plenty of things that youíll want to do around your new home to spruce up the place and make it your own. From planting bushes in the front to flower gardens outside to fresh coats of paint, youíll quickly discover how expensive it is to be a homeowner. 

     

If youíre preparing to buy a home, now you understand why saving is so important! Investigate all the costs that youíll need to pay up front while youíre in the midst of buying a home to avoid any surprises.







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