Empire Real Estate Group



Posted by Empire Real Estate Group on 2/23/2018

Credit plays an important role in your ability to secure a home loan and to qualify for a low-interest mortgage. However, many first-time homebuyers arenít arenít sure about the exact relationship between credit scores and mortgages.

This doesnít come as much of a surprise considering the many factors that go into your credit score and into your lenderís decision to approve you for a mortgage. So, in this article, weíre going to cover three commonly asked questions that homebuyers have about credit scores and how theyíre used by mortgage lenders to determine your eligibility for a home loan.

Will my credit score go down if I check my credit report?

If youíre thinking of buying a home in the near future, one of the first things youíll want to do is check your credit. However, if youíve heard that some credit inquiries briefly lower your credit score you might be hesitant to find out.


This common misconception stems from the fact that taking out new lines of credit results in a temporary decrease in your credit score. The difference between checking your credit and a credit inquiry is simple: a credit check you can access for free online through a service like Credit Karma, whereas a credit inquiry is performed by a lender or creditor with whom youíve applied for credit.

In short, checking your credit score online wonít affect your score. In fact, the major credit bureaus are required to allow you to check your credit for free once per year.

Can I get a loan with low credit?

Increasing your credit score is a lengthy process that requires careful financial management. Many people who have had difficulties paying off bills, loans, and credit cards will have to rebuild their credit. Or, if youíre young and donít have a diverse history of credit payments, youíll be starting from scratch to build your score.

If youíre hoping to get an FHA (first-time homeowner loan), the lowest your score can be is 580. However, that doesnít mean you should always take a loan with a low credit score. When you donít have a good credit history, lenders will seek other ways to guarantees their investment. This comes in the form of higher interest rates or PMI (private mortgage insurance) which youíll have to pay on top of your monthly home insurance and mortgage payments.

Will applying for a home loan affect my credit?

Simply stated, yes. However, applying for a loan or get preapproved is considered a credit inquiry and wonít leave any lasting negative on your credit score. Making several inquiries within a short period of time, however, can significantly lower your score, so choose your inquiries wisely. And, be sure to monitor your credit score on a monthly basis so you have an idea of where you stand along the road to applying for a home loan.




Tags: Buying a home   FAQ   homebuyers  
Categories: Uncategorized  


Posted by Empire Real Estate Group on 2/16/2018

If you recently bought a home, now may be an ideal time to look at internet services providers in your new city or town.

Ultimately, not all internet services providers are created equal, and you'll want to look closely at the options at your disposal.

To better understand how to find the right internet services provider, let's consider three best practices.

1. Evaluate the Services That You Need

Most homeowners demand fast, reliable internet services, but it is important to note that the needs of one homeowner may vary from the needs of another.

For example, a homeowner who works out of his or her residence may need the fastest internet services available. This homeowner likely will need internet services that deliver consistent latency and bandwidth to ensure he or she can stay on track with everyday work.

On the other hand, a homeowner who uses the internet to download movies, music and video games may require internet services that work great around the clock. That way, this homeowner can instantly download large files at any time.

Check out all of the internet services that a company has to offer. And when in doubt, speak with an internet services representative directly. This will enable you to learn about all of the internet services that are available and make an informed purchase decision.

2. Consider Your Budget

The costs of internet services may vary based on where you live. As such, you'll want to consider your monthly budget to guarantee that you don't stretch your finances too thin.

In many instances, internet services providers will offer discounts or rebates if you sign a multi-year agreement. This may prove to be an excellent option if you plan to live in your home for the next few years, as you'll be able to lock in your internet services pricing for a set amount of time.

Furthermore, many companies provide internet, TV and phone services. And if you bundle the aforementioned services, you may be able to receive discounted rates.

3. Examine Customer Reviews

What are current and past clients saying about an internet services provider? Evaluate customer reviews, and you can find out what it's like to work with a particular internet services provider.

You may be able to receive client reviews directly from an internet services provider. Or, if you conduct an online search, you should have no trouble evaluating feedback about a broad array of internet services providers in a particular city or town.

Lastly, if you need extra help as you evaluate internet services providers, you should consult with a real estate agent. In addition to helping you discover your dream home, a real estate agent can offer insights into internet services providers in various cities and towns. Then, you'll be able to make the best possible decision.

Take the next step to set up internet services at your new home Ė use the aforementioned best practices, and you can choose an internet services provider that will meet or surpass your expectations.




Tags: moving   internet  
Categories: Uncategorized  


Posted by Empire Real Estate Group on 2/9/2018

In the quest to find a new home that you love, there are two fundamental things you must know: how much you can realistically afford to spend and what you need to be happy.

Qualifying for a mortgage is one of the first hurdles on the road to home ownership, but loan approval doesn't necessarily mean you can comfortably afford a house you have your eye on.

There are other expenses to factor into the equation, such as closing costs, the down payment, school and property taxes, possible HOA fees, and maintenance costs.

If a house you're considering needs a lot of repairs, updating, and decorating, for instance, those projects could take a big bite out of your bank account and household budget. First-time home buyers and growing families moving into larger homes often have to consider the cost of furniture, new window treatments, and painting supplies. People moving from an apartment or condo to a house may also need to buy a lawnmower, tools, and property maintenance machinery (weed whackers, leaf blowers, snow blowers, etc.)

Once you've determined that you can absorb all those costs without being "house poor," the next step is creating a list of requirements, preferences, and lifestyle goals. For example, if privacy is important to you, you'll need to narrow your search to homes that have a sufficient amount of frontage and space between neighbors and streets. Fences, privacy hedges, and mature trees could also help provide you with the kind of living environment you're looking for.

While the emotional appeal of a house is an important aspect of home-buying decisions, the location of a property and the amount of living space it provides will play a central role in your level of satisfaction. In addition to having enough bedrooms, bathrooms, and storage space, you may also want to consider things like the home's architectural style and whether the floorplan is to your liking.

Many families prioritize the quality of the school district, the look and feel of the neighborhood, and the distance from shopping centers, recreation, and needed services. Also highly desirable is a daily commute to work that isn't too grueling or time consuming!

Since everyone has different goals and needs when it comes to finding the ideal home, there's no one-size-fits-all strategy for zeroing in on the house of your dreams. Although there are a lot of websites that provide great ideas on everything from flooring and countertops to cabinetry and room color, having your real estate agent show you houses that match your specifications is the most productive thing you can do.

Getting out there and physically viewing and walking through houses in your price range will eventually lead you to the home that's just right for you and your family. It's a process in which you need to immerse yourself, but with a little persistence and a clear idea of what you want, you're sure to find the home that checks off most (if not all) of the boxes on your priority and wish lists!




Categories: Uncategorized  


Posted by Empire Real Estate Group on 2/2/2018

Houseplants may seem like a strange thing to bring into your home. Plants belong outside, donít they? Plants and people actually have a relationship where they need one another. Plants produce much-needed oxygen for humans. Humans release carbon dioxide, which plants need to perform photosynthesis. Plants should be placed throughout the home, especially in bedrooms, to release fresh air throughout the night when sleeping. Essentially, the right plants in your home can help to improve your overall health and well-being. 


Increases Humidity


Many people complain of having dry air in their homes. Plants actually release about 97 percent of the water that they take in. This moisture is released back into the air and increase the humidity in the air. This means that putting several plants together can really help to increase the moisture levels in a room. Having a more moist room helps to keep respiratory symptoms from flaring up as well as decreases the number of colds, dry skin flare ups, and other ailments associated with dry air.     


Natural Air Purifiers


Plants are natural air purifiers. They remove toxins from the air and even get rid of a large percentage of volatile organic compounds (VOCs). These compounds can be found in everything from paint to newspapers and textbooks. VOCs are actually transformed into food for the plant. 


Just How Many Plants Should You Have?


To improve your health and the air quality in your home, youíll want to place plants about every 129 square feet. For air purification purposes, youíll want to place about 16-18 plants in an 1800 square foot space. This may sound like a lot, but if you consider spreading plants throughout your home, you'll fill the quota fairly quickly. Larger plants can also be used, placing one or two per room to fill this suggested requirement.  



Best Houseplant Choices:


  • Gerbera daisy
  • Spider plant
  • Boston fern
  • Philodendron
  • Snake plant
  • Peace lily


These plants all have different benefits but most are best known to purify the air, improve happiness, and increase well-being.

If you donít have a green thumb, you should definitely get one. Most houseplants are not that hard to take care of. Itís easy and fairly inexpensive to equip your home with a good number of houseplants. The greenery will also add to the ambiance and decor of your homeís overall theme. Every room, including the bathroom, can benefit from these plants. Think of houseplants like another member of the family- one that gives you oxygen and clean air to breathe!       


 





Tags: decorating   houseplants  
Categories: Uncategorized  


Posted by Empire Real Estate Group on 1/26/2018

Let's face it Ė a first-time home seller may encounter many problems as he or she tries to navigate the home selling journey. Lucky for you, we're here to help you streamline the process of listing your residence and ensuring you can maximize your house's value.

Now, let's take a look at three common challenges that first-time home sellers might face:

1. You don't know what your home is worth.

What you paid for your house several years ago is unlikely to match your home's value today. Fortunately, a property appraisal can help you gain the insights you need to better understand your house's current value.

During a property appraisal, a home inspector will evaluate your residence from top to bottom. Then, this inspector will provide you with a report that highlights your house's strengths and weaknesses so you can plan potential home improvement projects accordingly.

When it comes to figuring out what your home is worth, don't forget to assess the prices of homes that are currently available too. With this housing market data in hand, you can find out how your residence stacks up against comparable houses.

2. You don't know how to enhance your residence's interior and exterior.

Consider the homebuyer's perspective as you examine your house's interior and exterior Ė you'll be glad you did. This will enable you to think about the best ways to enhance your house and ensure it will dazzle homebuyers consistently.

Remember, your home only gets one chance to make a positive first impression on property buyers. And if you allocate the necessary time to mow the front lawn, trim the hedges and remove dust and debris from walkways, you may be able to boost your house's chances of generating substantial interest from property buyers.

Don't forget to declutter your home's interior, either. By doing so, you can make it simple for property buyers to envision what life would be like if they purchase your residence.

3. You have no idea what it takes to add your house to the real estate market.

Adding a house to the real estate market should be simple, but myriad problems may arise that prevent you from listing your residence and getting the best price for it. However, if you work with a real estate agent, you can avoid any potential pitfalls throughout the home selling journey.

A real estate agent understands the ins and outs of selling a house. As such, he or she can serve as an expert guide through each stage of the home selling cycle.

Typically, a real estate agent will set up home showings and open houses, market your house to potential homebuyers and negotiate with property buyers on your behalf. This housing market professional also will be happy to respond to your home selling concerns and queries at any time.

For first-time home sellers, there's no need to panic. Use these tips, and you should have no trouble getting the optimal results during the home selling journey.




Categories: Uncategorized