Talking to the Right Lender and Pre-Approval

It's Your Advantage - Start Right, Get the Details

Technology has certainly streamlined the home buying process and introduced things that help purchasers make better decisions. Buyers have enthusiastically embraced video tours, digital signatures and the enormous amount of information available about a home, neighborhood, schools and neighbors. The ironic thing is that buyers are ignoring the one single thing that can help them secure the “right” home. Talking to a lender or using a financial calculator is not pre-approval. Pre-approval requires written verification on employment and income and ordering a credit report for the purpose of obtaining a mortgage. A mortgage credit score is different than what a person might see from credit reporting websites.  Pre-approval gives buyers the confidence to know the amount they can borrow which can result in bargaining power when dealing with a seller or competing against another offer. Transactions can close quicker once a buyer has been pre-approved. If any issues are discovered in the initial process, the purchaser and lender will have more time to correct them compared to trying to get it done during the loan approval period as stated in the sales contract.  Most lenders best interest rates are only available to the best borrowers. You might get approved on a loan but at a higher rate than you expected which could make a significant difference in the monthly payments. The “right” home without financing will never have the buyer’s address. Getting pre-approved with a trusted mortgage professional is one of the first steps in the buying process. It can definitely be an advantage that will benefit you in negotiations and ultimately, during the time you own the home. www.callkim.net Call Kim Today @ 702-521-3939

What does an Interest Rate Increase Mean for You?

Although the interest rate you will

"most likely" obtain on a 

home purchase in today's market, will be 
lower than what is noted here below,

you can easily see by the scenarios offered 

what a 1% difference means to you with

your home purchase and payment.

DO NOT WAIT ANY LONGER

Call today to begin the process of home

ownership and loan qualification.  Please note

there are funds still available for the 

*FREE 4% for down payment and 

closing cost assistance program =

"Home is Possible" Grant Program.

*certain restrictions apply please call for information. 

Thank you,

Kim Duclos

Elite Realty

702.521.3939

www.callkim.net

Great fun for the family and dog family!

 

Thank you,

Kim Duclos

Elite Realty

 

Call me with you real estate needs!

Great fun for you and the Family!

We have a lot of fun things to do in the Las Vegas Valley

 

Are you curious about the Las Vegas Real Estate Market?

Please Call Kim at 702-521-3939

callkimfirst@realtor.com

www.callkim.net

Your Neighborhood, Safefy and Dogs

SAFETY, WALKING, AND DOGS

When you first meet........

Do not approach an unfamiliar animal, even if they look friendly.
Pay attention to any animal's behavior, even if you are familiar with them.  If they are acting aggressive, skittish or odd, you should back off.

Don't present yourself as an easy target, but stand stand still and give a startled animal the change to leave if you do not feel immediately in danger.  Most dogs have a short attention span, just like your children.

Don't extend hands or fingers to strange dogs, but keep them tucked in by folding or crossing your arms or balling them into fists.

To avoid problems.........

If a dog is acting oddly, assume a non-threatening stance: rather than facing the dog head-on, turn to the side, but keep the dog in your peripheral vision.  slowly back away.

Never turn your back on an aggressive or unknown animal.

Do not try to stare down a dog, it can be seen as a challenge and may encourage conflict.

Do not smile at a dog, bearing your teeth may also be interpreted as a challenge to fight.

Do not run, this initiates the predator mode.

Put a large object between you and the animal; tree, park bench, gate/fence, car etc...

Speak softly and firmly, but never yell, scream or flail your arms, again this can be interpreted as a signal to attack.

If attacked.....

If a dog charges you, use anything on hand to block the attack, a wadded jacket or coat, a stick, a purse, or a briefcase.

Do not kick at an attacking dog, since it will most likely grab and tear flesh from your leg.  Do not pull away if a dog has it's teeth in your, to avoided tearing flesh.

If attacked, curl up in a ball and protect delicate parts of your body like the skin, face, neck and head.

After an incident....

If you are attacked and wounded, immediately seek medical attention.

If you are threatened or attacked by an animal, report the incident to animal control and the local authorities as soon as possible.  Some aggressive dogs have even more aggressive owners, so be sure you report an incident to protect yourself and others. 

For a search of homes please visit www.callkim.net

Please call with any questions on the real estate market and value.

Kim Duclos  702.521.3939       Elite Realty

FHA General Guidelines for Appraisals

FHA General Guidelines for Appraisal  

*******POWER AND WATER MUST BE ON AT TIME OF INSPECTION****

• Earthquake straps AKA (Seismic Straps)
• Missing handrails-Need to be Replaced
• Cracked or damaged exit doors that are otherwise operable
• Cracked window glass
• Defective paint surfaces (Peeling Paint)
• Minor plumbing leaks (such as leaky faucets)
• Defective floor finish or covering (worn through the finish, badly soiled carpeting)
• Rotten or worn out counter tops
• Damaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978
• Trip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)
• Crawl space with debris and trash
• Smoke alarms
• The electrical box should not have any frayed or exposed wires.
• All habitable rooms must have a functioning heat source
• The roofing must keep moisture out.
• The roofing must be expected to last for at least two more years.
• The appraiser must inspect the attic for evidence of possible roof problems.
• The roof cannot have more than three layers of roofing.
• If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.
• Door between the garage and the home must be fireproof.

Property Access
The property must provide safe and adequate access for pedestrians and vehicles, and the street must have an all-weather surface so that emergency vehicles can access the property under any weather conditions.

Structural Soundness
Any defective structural conditions and any other conditions that could lead to future structural damage must be remedied before the property can be sold. These include defective construction, excessive dampness, leakage, decay, termite damage and continuing settlement.

Asbestos
If an area of the home contains asbestos that appears to be damaged or deteriorating, the FHA requires further inspection by an asbestos professional.

Bathrooms
The home must have a toilet, sink and shower. (This might sound silly, but you'd be surprised what people will take with them when they're foreclosed on.)

Appliances

FHA requires properties to have working kitchen appliances, particularly a working stove. However, FHA documents do not mention any requirements regarding appliances.

 

Swimming Pools

Swimming pools must be operational to provide Contributory Value. The appraiser must report readily observable defects in a non-covered pool that would render the pool inoperable or unusable. If the pool water contains algae and is aesthetically unappealing, The appraiser must require that pools with unstable sides or structural issues be repaired or permanently filled in accordance with local guidelines, and the surrounding land re-graded if necessary.

 

 

Converted Garage-Non-permitted additions

Often non-permitted additions and remodels are not finished to code. Not only may FHA require that these items be brought to code, but if FHA decides to approve the loan without that requirement, FHA will not consider the value of non-permitted items in its appraisal

 

The FHA does not require the repair of cosmetic or minor defects, deferred maintenance and normal wear if they do not affect the safety, security or soundness.

Call Kim with your real estate 

questions and concerns!

                         Kim 702.521.3939

Summer Fun in Las Vegas *** Water Parks

Las Vegas is more than casinos on the strip. . . although good food, shopping, head-lining stars, boxing, nightclubs are just a few of the benefits we offer here (I could go on and on) while visiting Las Vegas  ****** but summer time fun, what better way to spend time with the kids at our Water Parks!   We have several venues to choose from:

Cowabunga Bay is located  at: 900 Galleria Dr, Henderson, NV 89011









Wet and Wild
7055 S Fort Apache Rd, Las Vegas, NV 89148









and don't forget, for all your real estate needs, just CALL KIM!

Kim Duclos
Elite Realty
(702) 521-3939

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