What You Can Do if you Get Bad Home Inspection Results


What You Can Do if you Get Bad Home Inspection Results Home inspections come with a nervous feeling of “what if,” with the results potentially scaring away an interested buyer. Although home inspections are required, they should not be a step in the process you stress over. Remind yourself to stay relaxed and calm during the inspection, knowing you are equipped to tackle any results. At Choice Properties, we know the anxious feeling associated with the process, so we created a list of what you can do if you get bad home inspection results. Be Prepared Although you should not always expect the worse, being prepared for shocking news allows you to mentally process in a healthy way. Going into the inspection knowing you have physically and mentally prepared will let you welcome the results in a breeze. It can be hard to stay patient during this process as you are one step closer to selling to a potential buyer, but repairing any damages or concerns without rushing will ensure a promising
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How Does Your Credit Card Debt Affect Your Mortgage Rate?


How Does Your Credit Card Debt Affect Your Mortgage Rate? Credit card debt is a common discussion in today’s age and, when handled responsibly, can be a great way to boost your credit score when applying for a mortgage. Although a little credit card debt can do wonders, having too much can hurt your chances of obtaining a mortgage loan. Most Americans set a goal of buying a home, making it important to keep credit card debt under control. If you find yourself asking, “How does your credit card debt affect your mortgage rate?”, then stay tuned to hear our expert realtors of Choice Properties explain the potential outcomes.   Having High Credit Card Balance If you have a high credit card balance, be prepared to show proof of available funds used to pay off the balance. If you lack the funds you could be subject to a higher interest rate on your loan. Having a strong credit history with monthly payments will help show your financial security, preventing a rise in interest rate. It is im
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5 Ways Homeowners can Avoid Foreclosure and Rebound


5 Ways Homeowners can Avoid Foreclosure and Rebound Owning a home comes with the responsibility of not only maintenance, but a financial obligation to pay a mortgage. As life happens, individuals may be presented with challenges and financial stress that can result in missing a payment. If several payments have been missed without contact with the homeowner’s leasing company, a foreclosure might be presented by the lender. Although this is one possible outcome of falling behind on mortgage payments, there are several ways to avoid the foreclosure process even if a homeowner cannot afford the debt. The expert realtors at Choice Properties have listed 5 ways homeowners can avoid foreclosure, and rebound out of the rut. Foreclosure Workout During the time between the foreclosure announcement and the house auction, lenders are encouraging a compromise rather than proceeding with the auction. Lenders want to see homeowners stay on the right track, and are willing to negotiate a mortgage pa
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Things to Consider about Buying a Fixer Upper


Things to Consider about Buying a Fixer Upper Older homes hold true characteristic in both their interior and exterior, making them great for fixer uppers. Updating an older space allows you to treasure the unique statements, such as discovering hidden shiplap or restoring old hardwood floors and bring out the raw beauty within the home. Not only are historic homes beautiful for fixer uppers, but can also come with a cheaper price. Your Choice Properties real estate agent can help find your dream fixer upper within your price range and desired features. In the meantime, we have created a list of things to consider about buying a fixer upper, ensuring you are fully prepared for the flip. Talk to an Inspector When buying an older home, it’s common of the home to come with both cosmetic and design updates. It’s important to speak with an inspector to fully understand the condition and safety of the home, ranging from plumbing, electrical, to foundation. Having a complete understanding of
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Costly Mistakes to Avoid After Buying Your First Home


Costly Mistakes to Avoid After Buying Your First Home Buying your first home is a rewarding accomplishment in life. To officially call yourself a homeowner and knowing your hard work paid off is a memory that will last forever. Although you should feel prepared to avoid pitfalls, it never hurts to research common problems almost all new homeowners experience. The last thing you should be worrying about is not being prepared for the unexpected. We have curated a list of costly mistakes to avoid after buying your first home to help your process be smooth and memorable. Investing in Multiple Expensive Home Improvements Updating your home consists of fun projects worth planning, but don’t let the eagerness make you invest in too many home improvements at once. Tackling one project at a time will keep your budget in line and ensure a well completed renovation. If you are debating between which home improvements to start, consider speaking with a trusted real estate agent to discover which
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Real Estate Seller’s Survival Guide ; A 5 Step Checklist


Real Estate Seller’s Survival Guide ; A 5 Step Checklist As a homeowner, coming to the decision to sell your home brings a wave of emotions and stressors making the process feel overwhelming. You will learn to cherish your memories spent as you prepare to take the next adventure in life, giving your family the chance to make new, enjoyable moments. Don’t let the anxiety of selling your home take away from the excitement! We have created a real estate seller’s survival guide ; a 5 step checklist to help ease the stress. Define Goals Creating a defined list of goals will gauge your need to sell. Weighing the pros and cons of selling your house is a great way to show the advantages or disadvantages of selling your home in this moment. When doing this, make note of the length of time you are able to have your house on the market. Defining your goals will determine your readiness, and will create milestones for you to proudly accomplish. Calculate Selling Expenses Selling a home comes with
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Considerations for Buying an Older Home


Considerations for Buying an Older Home Character and personality are nice things to have in a home, but it does not always mean the home is going to be what you want. Fine woodwork, wrap-around porches, arched doorways, carved staircases and ornate tapestry are all part of the deal but it can come with additional risks and expenses of buying an older home. Learn how to protect yourself against these risks. Foundation and Structure Even the best homes can shift over time, causing cracks in the foundations and walls. Doors and windows may jam, chimneys need support, and stonework needs attention. Older homes are also at greater risk of termite damage, which impacts floors, structural walls, and the drywall. Hazardous Materials Homes built prior to 1978 often contained lead based paint, both inside and out. Old lead pipes can get into the water system. Asbestos was commonly used for insulation and fireproofing. This is all fixable, at a cost to the homeowner. Electrical System If you kn
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