Archive for October 2009 – Page 2

What To Expect From Your Inspection

Monday, October 19th, 2009

As a prospective home buyer, getting to the inspection stage is one of the big milestones over the course of a real estate transaction. You may have walked through the home a few times and given it your own critical eye, but now the big guns are coming in to tell you just what you might be getting in to.

That can be a bit of a blessing and a bit of a curse at the same time for prospective buyers that have fallen in love with a property. They want to know everything Real estate home inspectionabout it, but they don’t want to hear that it’s got significant problems that might be a barrier to purchase. Because of this dynamic, inspections can be a bit of a daunting prospect, but they certainly don’t have to be.

Forget The Notion Of A Perfect Home


Many prospective home buyers have walked through a property only to fall in love with it. Maybe it has the perfect amount of space for a particular family or maybe it has the right kind of amenities for a new couple. Whatever the case, rose-colored glasses may immediately be put on and seeing flaws in the property can then prove difficult.

Throw out the notion that a particular home is perfect and you will find it much easier to accept the possibility that an inspector will turn up something that needs to be addressed. Through no fault of anyone’s time can simply wear down aspects of a home like a foundation and repairs may be necessary. This is not a deal-breaker and a settlement is likely to be reached in the event of an issue. Prepare for your perfect home to not be so perfect.

Own The Process


A home inspector is working for you, giving you the information you need to either reach a settlement on key issues or take care of things after a real estate transaction has been completed. Don’t let this valuable resource slip through your fingers without getting full explanations on every item on the inspector’s checklist. Don’t let the burden of information lie on the inspector and your real estate agent. Instead, take that burden on yourself.

Committing to the process and pledging to understand what needs to be done to a home after purchase will greatly ease your transition into a new home and remove the prospect of headaches down the road. Many consumers have gotten into homes to find problems they didn’t expect either because they didn’t listen to the inspector or commit to understanding what was told to them.

Enjoy Yourself


This might seem like an odd piece of advice, but keep in mind that you are embarking on a real estate transaction that will bring a new home to you or your family. That is an exciting prospect and treating it as some dour event that you have to trudge through will only fulfill that perspective.

Yes, there will be issues with the home you want and yes, there might be complications, but don’t let that detract from the joy you should be feeling about finding the right home for you and getting to work on building a new life within it. The real estate process should be a fun one and the inspection process is no different. Go with it and enjoy yourself as you pick apart your new toy.

Hearing bad news will always be an uncomfortable part of life, but in the great scheme of things, hearing that your prospective new piece of real estate might need a new furnace is not the worst that could happen. By keeping in mind these three bits of advice, you can take control of your inspection process in your own mind to ensure an easy transition into the new home you’ve selected.

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2301 ROSLYN COLUMBIA, MO 65203 229,900

Thursday, October 15th, 2009

Click Here To See Details
Brand new cottage style ranch by Smarr Custom
Homes with TONS of class& charm! Cul-de-sac lot, extensive trim package, much
attention to detail, stone fireplace, split bedroom design,
built-ins/organizers, oil-rubbed bronze fixtures, in-ground sprinkler system,
keyless entry, inviting front covered porch, private patio off eat-in kitchen-
true quality& pride of workmanship!
Bedrooms: 3
Bathrooms:
2
Square Feet:
1872
Type:
Traditional
Subdivision:
CASCADES
Area:
Southwest

MLS ID: 324869

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Categories : Previous Listing

Leaves are falling and so are mortgage rates!

Thursday, October 8th, 2009

Mortgage rates fell at the beginning of the month, with the average rate on 30-year fixed-rate mortgages falling below 5% to a four-month low, according to Freddie Mac’s weekly survey.

Meanwhile, the 15-year fixed-rate dropped to 4.36%, the lowest figure since Freddie began tracking such mortgages in 1991. The average rate was 4.46% last week and 5.78% last year. Five-year Treasury-indexed hybrid adjustable-rate mortgages also hit a low, dropping to 4.42% from 4.51% and 6%, respectively.

The 30-year, fixed-rate mortgage averaged 4.94% for the week ended Thursday, down from last week’s 5.04% average and 6.1% a year ago. The last time the 30-year fixed-rate mortgage was below 5% was the week ending May 28, when it averaged 4.91%.

Meanwhile, one-year Treasury-indexed ARMs were at 4.49%, down from 4.52% last week and 5.12% last year.

Contact your lender for more information.

*Rates subject to change and approval is required.


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