How do you pay off a 30 year mortgage in 20 years or less? There are several options … the biweekly mortgage payment plan …. Making one extra payment a year … Or adding to the payment every month … Here’s how each option works…
Author: Tim Knox
Should Millennials Buy Homes Right Out of College
I’m often asked by Ambitious Millennials … Wait… Is that an oxymoron? …. Usually young college grads just entering the workforce … If they should buy a house as soon as possible … In a word …. NO… Just because you’re out of school and making a buck doesn’t mean it’s time to get a mortgage … This video explains why ….
Is Your House Suffering From Ugly Baby Syndrome
Many homeowners consider their home to be their baby …. The get it when it’s new … They nurture it …. They feed it … They watch it grow … They grow to love it … They get emotionally attached …. But the harsh truth is: some of those houses are ugly babies ….
FSBOs Often Lose Money When Selling Their House Themselves
A new National Association of Realtors survey shows that many FSBOs sell their home for less than a Realtor could … At the average price of $190k versus $250k … And that many FSBOs sell to friends and family, which could explain why they’re losing money when they sell.
Don’t Let Cosmetic Fixes Blind You To A Home’s Potential
Just because a house needs paint and flooring, or other cosmetic fixes doesn’t mean it’s not a great house …. Paint and flooring are easy fixes … You might be passing on the perfect home simply because you don’t like the paint…
Why Feedback Is So Important To Your Real Estate Agent
Nothing is more frustrating to a realtor than having clients who offer NO FEEDBACK about the homes they’re being shown … We can’t do our job unless we understanding what you like, what you hate, what you’re passionate about and what doesn’t matter… FEEDBACK … Come on … Lay it on us!
What Is Real Estate Wholesaling
Real estate wholesaling occurs when an interested party — a wholesaler — contracts the option to buy a property at a wholesale price for a certain period of time … Usually 30 to 40% or more below market value … The wholesaler then tries to find an investor to assume the contract at a greater price…. The wholesaler’s profit is the difference between the contract value and the price the investor/buyer pays …. It is similar to flipping, except that the time frame is much shorter and no repairs are made to the home … And nothing is set in stone …. Watch the video now ….
Get Your Priorities Straight Before Home Shopping
Looking at houses can be a lot of fun … Until you’ve looked at hundreds of houses without finding a single one that suits your needs … Before you even begin the house hunt … Get your priorities straight … What’s most important to you … What’s your budget … How much space do you need … Do you have kids … Do you like a particular neighborhood … Get your priorities in line and let your realtor know … The house shopping progress will go much smoother …
Beware The Shady For Sale By Owner
Lots of people buy houses directly from the owner … And I would venture to say that the majority of those transactions go smoothly … Or smoothish … However, if the seller is hesitant to sign a formal agreement … Or asks for a cash deposit … Or doesn’t want to give your inspector access to the house…. Or asks if his nephew can continue to live above the garage … Or demands that his buddy Earl do all the needed repairs … Run Forrest …. Ruuuuuuun…..
Why Most FSBOs Eventually List With A Realtor
You’ve decided to sell your home on your own … Congrats … You are now a FSBO (for sale by oh-no) … It is possible to sell your home on your own … Just be prepared because it really is a lot of work … Signs … Showings …. Lookie Loos … Low ball offers … Contract negotiations … Unqualified buyers … Inspections … Appraisals … Fits of rage … That’s why you call me … You’ll go from FSBO to ahhh….