What Do Appraisers Look At? What home appraisers look for: External factors of the house Depending on your property’s condition and size, the appraisal process can be a quick 15-minute visit or a two- to three-hour examination. Other external factors include: Neighborhood characteristics (i.e., urban, suburban, rural) Percentage of present land use in the neighborhood (one-unit housing, two- to four-unit housing, multifamily, commercial) Zoning classification Lot size Whether the property has public utilities The type of driveway surface and any car storage. What home appraisers look for: Internal factors of the house Structure, condition, and size, including: What home appraisers look for: What’s the general condition of the house? The materials and conditions of the foundation and exterior walls, the roof surface, screens, gutters and downspouts What home appraisers look for: Home improvements, upgrades, and additions Necessities such as the type of heating and cooling systems a home has. Call Amber Cyman now to discuss buying your dream home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/QRse
Source: https://sites.google.com/view/ambercyman/home#h.p_jOESEmnYwnzm
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What Is Minimum Down Payment For A Second Home? Conventional loans for vacation homes are an option, but be prepared to make a larger down payment, pay a higher interest rate and meet tighter guidelines than you would for a mortgage on your principal residence. The minimum down payment for a vacation home is usually 20% for a mortgage guaranteed by Fannie Mae or Freddie Mac, but many lenders have raised their minimum down payment requirement to 30% or even 35% for a second home. To qualify for a conventional loan on a second home, you will typically need to meet higher credit score standards of 725 or even 750, depending on the lender. Your monthly debt-to-income ratio needs to be strong, particularly if you are attempting to limit your down payment to 20%. All borrowers need to fully document their income and assets for a second home loan because lenders will need to see significant cash reserves to make sure you have the resources to handle payments on two homes. Call Amber Cyman now to discuss buying a second home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/eZZA
Source: https://docs.google.com/document/d/1M1RILTuWUBfv1WWacD3MBaQ0TzuL3c7L3lfhpgPxQhI/edit?usp=sharing
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What Does A Sellers Agent Do? A great real estate agent for a seller is a jack of all trades. They will help you prepare your home for sale, set a price, determine a selling strategy and negotiate with buyers. Here’s more information on the responsibilities of a seller’s agent and what qualities to look for, so when the time comes you’ll know how to choose a real estate agent to sell your home. Seller’s Agent Definition A seller’s agent is the real estate agent or REALTOR® who represents the person who wants to sell their property. “Seller’s agent” and “listing agent” are often used interchangeably. This in contrast to a buyer’s agent, who represents the person who is interested in purchasing the property. Call Amber Cyman now to talk about buying a new home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/hXqv
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How Can I Buy A House With No Money? Different types of zero down mortgages that are available in 2017. USDA Loans – Zero Down Payment VA Loans – Zero Down Payment FHA Loans (Low Down Payment Home Loan) FHA 203k Loans (Home Renovation Loan) Conventional 97% LTV Mortgage (3% Down) First-time home buyer down-payment assistance programs No money down mortgages with bad credit USDA and VA loans require zero down payment. FHA and Conventional loans need just 3.5% or less down, but 100% of the down payment can be a gift. This would make it possible to buy a house with no money down. Call Amber Cyman now to discuss buying a new home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/e19B
Source: https://docs.google.com/document/d/1F3xkhshpNUCrkod_FYri-9Cg5V2vynehcuM0uh_6d80/edit?usp=sharing
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Do Realtors cost money? A good real estate agent can serve as a guide, pointing you in the right direction, giving you a heads-up when bumps are on the road ahead, and, if something comes up that is beyond the agent’s scope of knowledge, helping you find a specialized guide to solve that problem. There’s good news for you as a home buyer: Both the agent representing the seller and the agent representing you, the buyer, will be paid out of the seller’s proceeds at closing. Although you pay the seller for the house, you don’t need to add anything in for the agents’ pay. The seller is responsible for seeing that the agents involved receive their payment, which is commonly set as a commission; that is, a percentage of the selling price. Call Amber Cyman now to talk about buying your dream home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/FxpA
Source: https://sites.google.com/view/ambercyman/home#h.p_9d1ACnfFwnys
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How Do I Buy My First House? Buying your first home is one of the biggest financial steps that you will ever make. It is important to take this decision seriously. You’ll also need to take the time to prepare yourself for this important milestone. Follow these steps to ensure you’re ready to purchase your first home. Determine If You Are Ready to Buy a Home Start Shopping for a Loan Find the Best Payment Options and Loan Types Be Honest About What You Can Afford Find a Good Realtor Request a Home Inspection Be Patient During Escrow Close and Move In It is important to realize that you need to include the cost of taxes and homeowner’s insurance into your monthly housing cost. With the insurance and taxes, your monthly housing costs should not be more than 30 percent of your monthly salary. Call Amber Cyman now to discuss buying a vacation home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/bqqY
Source: https://www.slideshare.net/ambercyman/buy-a-house-near-me-traverse-city-mi
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How do you pick a realtor? Whether you’re a first-time seller or you’ve done it all before, selling a home can be a complicated and stressful experience. It’s no wonder that 89 percent of sellers choose to list with a real estate agent. Read on for tips on how to choose the real estate agent that’s the best fit for you. Start by doing your own market research 1. Check out the local housing market in person 2. Talk to an agent in person at an open house 3. Compare real estate agents online 4. Get a referral 5. Meet with at least three agents 6. Ask the right questions 7. Explain your communication preferences 8. Clarify your motivation to sell 9. Discuss selling strategy and number of showings 10. Agree on all the important details Do a quick name search online for the real estate agents you’ve identified. Online reviews are the next best thing to a personal referral. Read what people in your area are saying about a recommended real estate agent. And, take note of how that agent responds to negative reviews. Call Amber Cyman now to talk about selling your home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/ZTJt
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Is there a difference between a realtor and a real estate agent? Real estate agent and realtor are terms that seem to get thrown around interchangeably, but there are some differences. While both are state licensed professionals that help clients buy and sell property, realtors are active members of the National Association of Realtors, which provides them with a code of ethics to work by. Real estate agents and realtors share a very similar working environment and set of responsibilities. Both of these professionals work with their clients to sell and purchase properties and homes. Both work in real estate offices, as well as travel to properties where they stage open houses for sellers and present homes to buyers. In fact, realtors are real estate agents. The only difference being that realtors are members of the National Association of Realtors. As members, realtors must pay yearly dues and follow the Association’s code of ethics. Call Amber Cyman now to talk about buying your dream home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/ZTJt
Source: https://docs.google.com/document/d/1pH_rSf9yoKg3FN2qIi4jJMvSQNtuuWbBZ3o_DNSw918/edit?usp=sharing
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What Sells A House Quickly? Selling your home fast is always a good idea, no matter the motivation. The longer the home is on the market, the less valuable it becomes so speed is of the essence. Derek Gutting, the top #2 ranking real estate agent in Indianapolis, Indiana, explained that “the longer the home is on the market, the higher the probability of getting a lower offer.” If you are selling your home, you need to do it quickly. To accomplish that, you need to be smart. Here are some quick little guide on the fastest way to sell a house. 1. Start With a Top Selling Real Estate Agent 2. Be Smart About the Listing Price 3. Fake it Til’ You Make It 4. Keep Up With Current Technology 5. Keep Your Friends Close… And Your Facebook Friends Closer 6. Don’t Cut Corners–Bring in the Pros. Call Amber Cyman now to talk about buying a second home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/jQ3M
Source: https://docs.google.com/drawings/d/1S8QB72G4JL2N02JxYG-JgAgbhY2rXUg_gOcnhPN26FE/edit
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How Do You Buy A House For The First Time? First-Time Home Buyer Tips Pay Off All Debt and Build an Emergency Fund. Determine How Much House You Can Afford. Save a Down Payment. Save for Closing Costs. Get Preapproved for a Loan. Find a Home for Sale in Your Price Range. Research Neighborhoods for Best Fit. Attend Open Houses and Think Long Term. Make a Competitive Offer (That’s Within Your Budget!) Prepare for Closing Call Amber Cyman now to talk about buying a waterfront house. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/9v1B
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Amber Cyman Real Estate 