Tag Archives: buying a home

Tips for Spring Buying

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Tips for Spring Buying – Warmer weather means the return of more than just the sun and the flowers-it’s also the high season for the real estate market. It’s a great season to buy a home, since the weather is good for moving and for home improvement projects. However, since spring is the busiest time to purchase a new home that means that there is a great deal of competition among prospective home buyers. It’s important to be prepared for purchase before you begin your search for a new home. Below are a few tips to get ready for the buying process. Happy buying!

  • Set your budget. Your first step should be to decide how much you can afford to spend on a new home. Besides your asking price, also take closing costs, montly mortgage payments, a down payment, moving and other expenses into consideration. The Mortgage Bankers Association recommends that buyers spend no more than 2.5 times their income on a home. Total housing payments should not exceed 28 percent of your gross income, and total debt payments should be less than 36 percent.
  • Make a list of must-haves. What does your new home absolutely need to have? What features are negotiable and what are not? Research these now to save time when you’re searching.
  • Find a good real estate agent. A real estate agent can often give you valuable information that may not be available to you otherwise and help you find a home with all of your requirements within your budget. Ask friends and family for recommendations, or check online.
  • Get your mortgage pre-approved. Discuss your options for a mortgage with several lenders and choose the rate and terms that are right for you. This way you’ll be able to act quickly once you find a home that you love.

Keep these tips and mind and when spring hits you’ll be ready to find your new home!

How Do Interest Rates Affect my Ability to Buy a Home?

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How Do Interest Rates Affect my Ability to Buy a Home? Many factors can affect your ability to buy a new home, it just depends on each individual home buyer and situation. Interest rates can have an immense effect on any given person’s ability to buy a home, and home loan interest rates have been increasing recently. Here are some ways you might be affected by interest rates, and some ways you can act on it.

Home loan interest rates have been rising in the recent past, and this can affect the home loan you can qualify for. You might not be able to take out as significant of a loan if the interest rates are higher than you expected. This, in turn, can affect the type of home you can afford.

The higher cost of money, or interest rates, leaves you with several options when you’re searching for your new home. If you’re a homebuyer, you can alter your search terms, and look for houses that will be less expensive and more affordable for you in this situation. If you’re a home seller, you might consider lowering the cost of your home, or the buyer will have to pay higher monthly payments. If the buyer cannot make higher monthly payments, they ultimately will not be able to afford this particular home.

Due to these rising interest rates, more buyers are being forced out of the market because they cannot afford the cost. What does this mean for sellers in this market? Well, they won’t be able to sell their homes at this cost. With little competition, you will either need to take your home off the market, or sell your home at a significantly lower value.

If you are serious about buying a home, there will be no stopping you. Interest rates affect everyone and each situation is different; however, there is often a solution if you work with your real estate professional, who has knowledge of the area and market..

To learn more about how interest rates affect your ability to buy a new home, visit here.

Why Should Someone Choose Rita As Their Realtor?

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Why Should Someone Choose Rita As Their Realtor? Buying or selling your home is a huge task. Whether this is your first time, or you’ve done it a million times, a little help from a professional can always help you in the best possible way. Rita Boswell prides herself on the communication she has between herself and her clients. She’s an expert on residential real estate sales and listing, single family homes, condominiums, distressed properties, short sales, downsizing, relocation, and working with buyers and sellers. She is a great resource when it comes to the real estate market, and you can always expect honesty and integrity from her – something that isn’t true for every agent you work with in your lifetime.

About Rita

Rita may not have started her career as a real estate professional; however, that has been a great benefit and has given her a broad background and set of skills that not many professionals have. She began her career as an accounting and support operations manager, where she learned business skills that she applies to her life in the real estate business today. As a native of central Ohio, she is familiar with the area and can provide the best possible advice to buyers and sellers.

Location

Rita’s office is located in the heart of Worthington, Ohio. She serves a number of communities surrounding central Ohio, including: Clintonville, Delaware, Dublin, Gahanna, Galena, Hilliard, Lewis Center, Powell, Sunbury, Upper Arlington, Westerville and Worthington. Working and living in the area gives her an extra advantage when it comes to being a great resource for her clients. Her knowledge digs deeper than the surface, making her a reliable and trusted real estate professional.

What she has to offer

Rita has plenty to offer to individuals and families who are looking to buy or sell their home. Not only does she have extensive knowledge of the real estate industry, but she is familiar with the ins and outs of central Ohio, and keeps your best interest at heart as a homeowner. Her listings range from condos to single family homes to rentals and everything in between, and she works to ensure that her clients are happy and satisfied with their home in the area.

 

To learn more about Rita, and all of the wonderful things she has to offer that will help you sell your home and find your next home, visit here.

10 Reasons To Make Sure A Home Is Inspected Before Buying

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10 Reasons To Make Sure A Home Is Inspected Before Buying – Buying a home is a major investment and can be a lot to take on. Having a home inspection before you buy your new home is one of the key ingredients in the home buying process. Here are ten reasons why you should make sure a home has been inspected by a professional before you buy.

1. It can prepare you for projects you might have to complete upon moving in to your new home. If you’re not able to complete the projects, then the home isn’t for you.

2. Depending on the results of the inspection, you can decide on what to offer for the home. A less than perfect home inspection can often warrant a lower offer price.

3. You will learn about the ins and outs of your new home.

4. It will help you make sure the home you are moving into is safe and livable, for the whole family.

5. It will provide you with the actual value of the home, which in the long run can help you determine how much return you will get on your investment in the future.

6. If you’re in a high-risk area, having a home inspection can let you know if your home is able to withstand earthquakes or natural disasters.

7. You can get recommendations from a home inspector and if you choose to follow them, it could save you a lot of money in the long run.

8. You will have an accurate evaluation of the entire home before you choose to purchase it for you and your family.

9. It gives you a deeper look, past the shiny floors and clean exterior.

10. Above all else, it gives you peace of mind knowing that a professional has given your new home the stamp of approval.

To learn more about why you should make sure a home inspection has been completed before buying your new home, visit here. What do you think about these tips? Have you had your home inspected before buying? Comment to share with us!