What Would Home Buyers do Differently if Given the Chance?

 

Top 5 listed here . . .

 

 

Buying a home is one major decision. Buying a home is about the biggest single financial decision most people make in their lifetime. What do home buyers say they would handle differently if given the chance?

1. Understand the financing and mortgage options and what the options are.

It isn't easy and picking the right lender as well as Realtor, home inspector and title companies, all of this can make a difference.  Financing is complex and the entire process is extensive.  What mortgage is right for the buyer and what are the "true" options available?  What about PMI, is it necessary in all cases?  ... this is just a start on some of the questions a buyer can review.

2. Home size and what is really right for them? 

Should the buyer be looking to buy a larger home in preparation for family growth?  Are utility and hoa fees a concern?  Or perhaps a smaller space is actually adequate, not so much "wasted space" is needed.  Most of us have "stuff" we don't really need, but it seems to follow us no matter where we go.  So what is the right size for your new home?

3. Would the buyer now purchase in a different price range regardless     
     of what their approval point is?

It is very important to look realistically at the purchase and not look through rose colored glasses.  When the initial thrill of the home purchase wears off, it is important that the buyer buys what is really needed, size, neighborhood, price range are all important, must consider factors.

4. Do Home Buyers expect a speedy process?

While some lending institutions pride themselves in speedy closings, not every purchase can boast of a quick and timely closing, quite frankly the opposite most often holds true.  Buyers often times don't realize the extensive process of buying a home.

5. What is the cost of moving?

It can be easy to get caught up in the thrill of the moment and not realistically look at the cost to move.  There are many things to consider, transferring utilities, moving trucks, children's schools, packing and unpacking!  Moving can be a costly venture, but home ownership is a wonderful thing.  There are new expenses with home ownership and often times when moving into a new home there are minor repairs or projects a new home buyer faces.

www.callkim.net

Call Kim for your real estate needs!  (702) 521-3939

New Forms - Metro Quits Responding to Non-injury Accidents/Crashes

Southern Nevadans involved in minor, non-injury car accidents shouldn’t expect a response from Las Vegas police as of March 3, 2014. this is an effort to free up the department for more serious accidents and help to prevent fatalities.


So speak of the devil . . . I saw an accident today, and the drivers were trying to exchange info, I immediately thought of these forms and wanted to share with you. 

If you have trouble printing these forms, I will be happy to send the link to you, just email me www.callkim.net or call me at (702) 521-3939.

Kim Duclos with Wardley RE

 

 

World’s greatest all-natural, ammonia-free window cleaner.

We will soon be embarking on the wonders of Springtime!!!  Feels like spring in Las Vegas already!

A helpful hint for bright, streak-free window.

In a 26-oz. spray bottle (or larger), combine:

20 oz. distilled water
4 oz. white vinegar
1 oz. rubbing alcohol
(or absolute vodka, if you really want to use it to clean windows)
1 to 2 tsp. cornstarch (or tapioca flour/starch)

Shake before each use…the cornstarch won’t dissolve, so you need to shake it or it’ll clog up the sprayer!

Call Kim (702) 521-3939 for all of your real estate questions today!

Wardley Real Estate

HUD Announces New FHA Guidelines to go into Effect January 1, 2014

 

 

 

FHA Loan Limits are decreasing from $400,000.00 to $287,500.00 in Clark County as on January 1, 2014.

 

Any buyers over this amount need to have the property under contract and the case number ordered before 12/31/2013.  Act Now!

If you are a  buyer and are on the fence about purchasing,  please know now is the time to get off the fence, move forward, and get a case number assigned to your file before the end of the year! If your are an FHA buyer over $287,500 touch base with me (702) 521-3939 so we can move quickly with your approval and your options.

 

Find a house with your mouse at www.callkim.net

 

Happy New Year!

Kim Duclos

Wardley Real Estate

(702) 521-3939

 

FHA "Back to Work" Program

Back to Work

 

If you have experienced an economic event and can document the situation, you may still qualify for a home loan with FHA's Back to Work Program.  FHA allows for the consideration of borrowers who have experienced a defined economic event and can document:

1. Certain credit impairments were the result of loss of employment, or a significant loss of household income beyond the borrower's control.

2. The borrower has demonstrated full recovery from the event.

 

3. The borrower has completed housing counseling.

 

The FHA program allows as little as a 12 month waiting period after a bankruptcy, foreclosure or short sale to approved for new FHA financing.

 

Contact me today and I will connect you with the experts handling this great program!

 

and don't forget to find a house with your mouse at:  www.callkim.net

 

                                                   Kim Duclos - - - Wardley Real Estate

 

Home Owners Bill of Rights - Oct 1, 2013



October 1, 2013 the Home Owners Bill of Rights goes into effect here in Nevada.  This is new and different from Assembly Bill 284

The new bill:

• Requires that at least thirty days before recording a notice of default and election to sell, or commencing a judicial foreclosure action, and at least 30 days after the borrower's default, the mortgage servicer must provide to the borrower (1) information concerning the borrower's account, (2) foreclosure prevention alternatives, and (3) a statement of the facts supporting the right to foreclose.

• Prohibits the recording of a notice of default and election to sell, or the commencement of a judicial foreclosure action involving a failure to make payment, until the servicer makes contact with, or attempts to contact the borrower.

• Prohibits a mortgage servicer from continuing the foreclosure process while an application for a foreclosure prevention alternative is pending, or while the borrower is current on his or her obligation under a foreclosure prevention alternative.

• Requires a mortgage servicer to provide a single point of contact for a borrower who requests a foreclosure prevention alternative.

• Requires that under certain circumstances, a mortgage servicer, mortgagee or beneficiary of a deed of trust must dismiss a judicial foreclosure action or rescind a recorded notice of default and election or notice of sale.

This bill applies only to a notice of default and election to sell which is recorded on or after October 1, 2013, and does not apply to a financial institution that, during its preceding annual reporting period, has foreclosed on 100 or fewer owner-occupied homes in Nevada. Lastly, this bill provides civil remedies for any material violation of its provisions.

Find a house with your mouse at: www.callkim.net

 

Kim Duclos
Wardley Real Estate
(702) 521-3939

WHAT DO THE JUNE NUMBERS MEAN TO YOU?

NOW IS THE TIME TO BUY!

It was certainly important to understand the details of last week's Existing Home Sales report. The headline numbers showed June Existing Home Sales were down a disappointing 1.2%, to a 5.08 million annual rate. But other details were encouraging. Existing Home Sales are up 15.2% over a year ago. The median price of an existing home rose and is now up 13.5% from a year ago. Sales are near their highest levels since November 2009, when they were spiked by the big home buyer tax credit. Existing home sales remain above the 5 million a year threshold, a very decent place to be. 

We see success with the new home sale numbers!
New single-family home sales shot up 8.3% in June, to a 497,000 annual rate, their highest level since May 2008. These sales are now up a humongous 38.1% versus a year ago. The median price of a new home also gained for the month and is now up 7.4% from a year ago. For those worried about how the recent uptick in mortgage rates would affect sales, this first look at purchase contracts signed in June shows no impact.  Of course we must keep in mind that many lenders locked the rate for their buyers. The FHFA index of prices for homes financed with conforming mortgages was up 0.7% in May, up 7.3% over a year ago.

 Call Kim @ (702) 521-3939

Kim Duclos

Wardley Real Estate

 

www.callkim.net