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Why sell your home before 2014

Placing a home on the market with the objective of achieving a closed sale before 2014 is a worthwhile goal and still quite doable. Homes that are promoted over the holiday season are viewed by buyers who are determined and sincere. The Realtors who commit to working the holiday season expect to initiate and close sales before the beginning of the New Year. Buyers looking for homes this time of year are more frequently pre-qualified and prepared to submit a deposit and perform on a tight schedule. The short fuse of this goal supports momentum, energy and desire that will not fade before close of escrow. Because Realtors are working with fewer and more qualified buyers, the focus is more resolute. Buyers, sellers and Realtors, the stakeholders who stand to benefit from end of year closings are getting qualified for loans, putting homes on the market and booking real property showings to prepare for an exciting 2014.

Experienced Realtors expect to put in long hours over the holidays. Showings and open houses scheduled before, after and on Black Friday are less in number but more effective as far as producing sales. Only the most serious are shopping for homes this time of year and real estate professionals tend to be more dedicated to those who will most certainly boost year-end sales totals. Although homes are viewed less overall, those looking to buy are envisioning a move-in and will work hard to make it happen before the New Year.

Aggressively marketing a home before year end is an opportunity to avoid another uncertain time of higher interest rates which will undoubtedly occur in 2014. Higher interest rates will reduce the amount of qualified buyers. It is expected that the number of homes for sale will increase at the beginning of the New Year and sellers will be competing with one another for the same buyers. Realtors recommend making the sale now before competition will decrease the odds for a quick closing. The past few years have demonstrated a volatile market and have shown us all how quickly conditions can change. A fast close before the end of the year will reduce the risk of market fluctuations which affect otherwise good real estate sales. For sellers considering another real estate purchase, a closed sale will expedite other opportunities.

It can be very challenging to market a home during the holidays but it is also a time that many homes look their best. To close a real estate sale before 2014, call Jillian Batchelor at 702-823-3801 or contact us online at: www.LasVegas1RealEstate.com and make an appointment today.

The Pros and Cons of Buying a Home?

Everyone wants a dream home to call their own, but the decision to enter the housing market should be made with care. Your financial situation at different stages in life is important to consider before purchasing a house. The current state of real estate prices and loan rates also are key factors. If you want to make the best choice, be sure to weigh all the pros and cons.

Renting a house or apartment is the most sensible option for some individuals. If you are strapped for cash, a rental deposit is typically going to be much more affordable than a down payment on a house. In addition, some landlords will pay utility bills that would be your responsibility if you were the homeowner. If your income isn’t steady or if you haven’t established good credit yet, renting also may be the best alternative.

On the other hand, the rent that we pay to a landlord doesn’t offer the same long-term financial benefits as home ownership. When you buy a home, you are investing in your future by building home equity and wealth. Homeowners also may enjoy certain tax benefits if they choose to deduct mortgage payments when filing their income tax returns.

Unlike renters, homeowners have the freedom to do what they want with their property. They can make building improvements, decorate or paint any room, plant a garden or initiate any other changes they desire. They don’t have to worry about the rent going up or about being forced to move if a landlord faces foreclosure.

Some prospective homeowners may also be able to avoid a high down payments if they qualify for Veterans Administration (VA) or Federal Housing Administration (FHA) loans. These government-backed loans may require little or no money down on a home purchase.

A professional real estate agent can help you to sort out concerns and to choose the right path. Jillian Batchelor and her Las Vegas-based real estate team of experts at The Batchelor Group, can advise you about the steps to take as you pursue every American’s dream of owning a home!

Tips on How to Get Approved for a Home Loan in Las Vegas

Buying your first house is extremely exciting, and many people can attest to that fact. However, in order to purchase a house, most people need to take out a home loan. Saving up enough money to cover the entire cost of the house is an impossible task for most, but a loan can seriously help make this dream a reality.

When you are thinking about purchasing a home, you need to work to get your financial situation in order. Generally, this means you need to save up a sizable down payment. If you’re able to qualify for an FHA loan, you can put as little as 3.5 percent down on the loan. Many people try to save a much as 25% for a down payment, but this can be extremely difficult, especially in more expensive parts of the country.

It’ also a must that you work to ensure that your credit scores are in decent shape… the higher the better When your fico scores are low, you pose a major risk to lenders. Even if you are approved for a home loan, you could end up paying very high interest rates. Fortunately, if this situation does occur, you could refinance later for lower interest rates once your finances are in a better place.

As you get closer to the home-buying moment, you should obtain a pre-approval with a loan provider. Generally, you are going to go through a bank or mortgage company to get a home loan. If you have any extenuating circumstances, you should speak with a loan representative about the best way to address any challenges. For example, if you have low credit scores, you would need to explore the option of entering into a specific program.

A pre-approval tells you how much of a loan you are going to get approved for. Then, you’ll be able to start looking at houses that fall within your approved budget. This pre-approval is quite important! It’s important to pay particular attention to the expiration date on the approval letter. Once that day has come and gone, you would need to get approved for the loan all over again.

When you are ready to buy your home, you’ll go through a last and final approval. Working with an experienced real estate agents like The Batchelor Group and Joshua Nieves one of the top lenders in Las Vegas through this process is highly advisable to great optimal results in your buying process.