Oct. 1, 2021

When Would You Like to, or Need to, be in a Home By?

If you are making a cash offer, generally we can get you into a home in less than 2 weeks. If you are getting a loan, generally plan on it taking 30 - 45 days to close on an accepted offer.

Sometimes finding "the" home takes the longest. Some buyers take a year, some 6 months, some 2 weeks and some a day! It all depends on your wants and needs. If you are looking for your "forever" home, we may need to start looking a few months in advance. If you are okay with the "average" home in the area, a 3 bedroom, 2 bath with a bonus room, it may only take a few weeks. 

Many things factor into finding the perfect home. Let's work together to figure out when we should start looking!

Sept. 30, 2021

What is OneHome?

OneHome is a personal website for you to check out the properties I think you'll like. You'll be notified as I add new properties - just click the link I send to see them.

You'll be able to:

• See the properties I pick out for you

• Let me know if you like the properties, or if they're not your style

• Leave notes for me or for yourself on any of the properties

You'll also be able to search for properties yourself using the MLS database!

Sept. 30, 2021

What Should You Do When You See a Home for Sale?

You're searching the internet or you drive by a home that's for sale. Who ya gonna call? Obviously not Ghostbusters! Lol.. Many peoples first reaction is to call the listing agent. STOP, don't do that! Many people think they'll get a "deal" if they work with the listing agent of the property. Keep in mind, that agent works for the seller, not you, the buyer. They are working to get the best deal for the seller.

So..what should you do? Call YOUR agent, the agent you've been talking to. Hopefully, the agent that you've Buyer Agency with. That agent represents YOUR best interests!

So next time you see a home you're interested in, please call YOUR agent.

Sept. 29, 2021

What Types of Financing are Available?

I'm not sure if you've purchased a home or not before, but in case you haven't, I thought I'd let you know what types of financing are available.
 
For purchasing a home, there are basically 4 loan programs being used on a regular basis: VA, FHA, USDA, and Conventional.
 
VA is for Veterans. It offers 100% financing. It  is the best loan program available, not only because of no money down, but also because of it's leniency with regard to credit history.
 
FHA is for any and everyone, but it requires a 3.5% down payment..It is also a good way to buy a home because of it's leniency with credit underwriting; however, FHA requires borrowers to pay monthly mortgage insurance premiums, which cause the mortgage payment to go up slightly. This loan may also be used with the NC Housing Down Payment Assistance program.
 
USDA is loan program available for families whose annual household income does not exceed $74,900 (this applies to most counties in North Carolina). USDA offers 100% financing. Although USDA has a monthly premium, the payments are still lower than FHA and you do not have to make a down payment. Bear in mind, only certain areas qualify for USDA loan programs because this program is geared toward rural development; fortunately, several areas in Cumberland County and many of our surrounding counties are USDA eligible.
 
 
Conventional financing requires a down payment of at least 5% and above average credit history. Many people who use Conventional loan programs are financially prepared to pay down more than the minimum 5%. If you choose the Conventional loan program, and finance above 80% of the sales price or appraised value (whichever is lower), you will be required to pay a monthly fee for Private Mortgage Insurance (PMI). It's worth noting that Conventional interest rates are slightly higher than all the other loan programs mentioned above.
Also, here are a few links to search homes, learn about the role an agent can play in a transaction, as well as if you are ready to start the process, there's a buyer interview sheet for you to complete at your convenience! :)
 
I look forward to working with you!
I hope this information helps and if you'd like to find out if you qualify for any of these loans, please email me, call me or text me at (910) 978-2337.  I look forward to hearing from you!
Sept. 29, 2021

What Costs Should You Expect to Pay When Buying a Home

You've either made the decision you'd like to buy a home or you've just gotten pre-approved to buy a home. There are some upfront costs that you need to know about and prepare for when buying a home.
The costs that you'll need to think about are:
1. Earnest Money Amount - generally between $0 - $1000. - Paid within 24 hours of a seller accepting an offer.
2. Due Diligence Fee Amount - generally at minimum 1% of the purchase price (i.e. $100,000 * .01 = $1,000) - Paid within 24 hours of a seller accepting an offer.
3. Closing Costs - Generally 3% of the purchase price (i.e. $100,000 * .03 = $3,000) - Paid at Closing. (The lender verifies throughout the transaction that you have this amount available.)
4. Home Inspection - Generally $500-$600
5. Home Warranty - Approximately $565
6. Appraisal Gap - In a highly competitive sellers' market, you may need to pay over list price to get the home of your dreams. If this happens, if the appraisal value comes in lower than your offer price then the you may need to make up the difference between the appraised value and the offer price.
7. Down Payment - Please see the "Financing types" email you will receive. A brief rundown is: VA = 0%, FHA = 3.5%, FHA with Down Payment Assistance = 3.5% with $8000 towards your down payment and closing costs, Conventional = 5%, Investment = 20% (generally)
**Note: PLEASE ASK ME ABOUT THE MARKET! The current market dictates the most favorable terms of an offer. 
Please, please ask me about the current market as far as terms of an offer!**
I hope this information is useful to you!
Also, here are a few links to search homes, learn about the role an agent can play in a transaction, as well as if you are ready to start the process, there's a buyer interview sheet for you to complete at your convenience! :)
 
I look forward to working with you!
Sept. 29, 2021

Getting a Loan / The 1st Step in the Home Buying Process

Getting pre-approved for a loan is the first step in purchasing a home. Unless you have cash to purchase a home, I suggest speaking to a lender and getting pre-approved. Will you be purchasing a home with cash or do you already know who you will be using for a lender? If so, who will be working with? Please forward their company name, the contacts name, address, email address and phone number so that when we are ready to start looking at homes, I'll know exactly who I will need to contact when I am typing up the offer.
Don't worry, if you haven't gotten qualified yet, give one of my preferred lenders a call or apply online. It generally takes 15 minutes. 
Tammy Lindsay
Union Home Mortgage
910-257-5122
TLindsay@uhm.com
Kelly Hall
Lending Path Mortgage
www.KellyAHall.com <- You can apply online!
919-337-6293 Mobile
Also please note that you can do more than 1 mortgage application at a time. Each application will not be a hard hit on your credit, only the first one in a 45 day window.
 
I hope this information is useful to you!
Also, here are a few links to search homes, learn about the role an agent can play in a transaction, as well as if you are ready to start the process, there's a buyer interview sheet for you to complete at your convenience! :)
I look forward to working with you!
Sept. 29, 2021

Why Do You Need a Buyer's Agent to Represent You?

As your Buyer Agent: 
  • I promote your best interests
  • am loyal to you
  • follow your lawful instructions
  • provide you with all material facts that could influence your decisions
  • use reasonable skill, care and diligence
  • account for all monies I handle for you. 
Once you have agreed (either orally or in writing) for the me to be your buyer’s agent, I may not give any confidential information about you to sellers or their agents without your permission so long as I represent you. 
 
But until you make this agreement with any buyer’s agent, you should avoid telling the agent anything you would not want a seller to know.
 
Having a buyer's agent is at NO COST TO YOU! 
 
Would you like me to represent you as YOUR agent?
 
Email me, text me, or give me a call with any questions; otherwise all I need is your full legal name and your email address to send you the agreement to review and sign.
 
I hope this information is useful to you!
Also, here are a few links to search homes, learn about the role an agent can play in a transaction, as well as if you are ready to start the process, there's a buyer interview sheet for you to complete at your convenience! :)
 
I look forward to working with you!
Sept. 29, 2021

Are You on Facebook?

Facebook has been a game changer in the real estate industry. Insurance agents, real estate agents, and many other industries have historically created relationships with clients. In order to find business, agents either cold called or door knocked in the past. Clients became friends and vice versa, friend became clients.

Facebook has been an amazing tool for me. I'm originally from Wisconsin, but of course I now live here in Fayetteville, NC. I moved here in 2005. Most of my family and many of my friends live in Wisconsin. Facebook has allowed me to stay in touch. Facebook has definitely been a life line to me.

The reason I tell you this is become I want to become friends with you on Facebook. I want you to know who you are choosing to work with if you decide to work with me; but also, I want to know who you are. Many of Facebook friends have become not only clients, but also friends. 

Life includes ups and downs, Facebook lets us share the highs and lows together, as a community. I hope that you'll Join me on Facebook! I look forward to getting to know you!

Sept. 29, 2021

Working With Real Estate Agents

The North Carolina Real Estate Commission (link) requires that we review their brochure with you! This document, "Working With Real Estate Agents" (link), is a thorough explanation of how agency works in North Carolina. It is not a contract; your signature is simply an acknowledgement that you received the information.

I hope this information is useful to you!
Also, here are a few links to search homes, learn about the role an agent can play in a transaction, as well as if you are ready to start the process, there's a buyer interview sheet for you to complete at your convenience! :)
 
July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates