Empire Real Estate Group



Posted by Empire Real Estate Group on 4/23/2019

If you want to buy a home, the chances are that you are either buying it for a lifestyle upgrade, for business, as an investment, or for family use. Having decided to purchase the home of your choice, one of the significant decisions you have to make is to determine where you want to live. 

The location of your property has a significant influence on the future value of your investment as well as most aspects of your daily living. Various factors will influence your choice of location when buying a house. This article is dedicated to finding those factors and the influence they have on your options.

1. Where in the Country You Choose to Live

Anywhere you want to live will affect your lifestyle especially if you plan to stay in your new home for a long time. Still, you need to look at some variables that are most important such as the median home prices, soft infrastructural amenities – healthcare services, entertainment, nearby shopping areas, and others. 

2. The Kind of Neighborhood it's in

Any particular city has different areas, and each area has its own unique characteristics. So, you will want to choose an environment that fits your lifestyle and personality preferences. This should be a place you will feel comfortable and live in peace with your neighbors.Your kids and the schools they attend will have to form the basis of your choice. The neighborhood you are going to choose has to have facilities that support child development, sportsmanship, and cohabitation. Also, you need to check whether the neighborhood is at the risk of natural disasters such as floods and fire outbreaks. Some districts have incidences of repeated flooding and others wildfire. So ensure you choose well to mitigate against these risks.

3. Safety has to be a Top Priority

This is the security of both life and belongings. An area with low incidences of crime and robbery are often more costly places to live. On the other hand, you will pay less to live in less-secured places and compensate for the lower price with fear, theft, and the likes. Unfortunately, if you are in areas of low security, you might be forced to resell your home.

If you buy a home in the safest area you can afford, you will live all your life enjoying peace of mind. In fact, safety should be your number one factor or topmost factor to consider when looking for a property to buy.

There are many other factors to think about such as proximity to friends and family members, leisure activities, workplace, and other factors. Having narrowed down these factors, it is time to take that bold step of buying a home of your choice. So, go for the best, you deserve it.




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Posted by Empire Real Estate Group on 4/12/2019

You’re moving into a new home and have all kinds of ideas about new furniture pieces, arrangements, art, and organization. Knowing this, you also know that you’ll need to pare down the items you’re bringing from your current home. Nowadays, there are myriad ways to sell your unwanted belongings. The classic garage sale, or estate sale, is still a great option and there are simple actions that you can take to make sure your sale goes well. Here are some suggestions to help you be successful in selling off and getting rid of all your items, before, during, or after your sale.

Remember, remember, remember—plan ahead! Knowing what you want to sell, what price you can accept, and when you want to host your sale is imperative to your success. 

PICK YOUR SALE DATE: Many cities only allow you to conduct yard sales on specific dates or weekends throughout the year. Double-check when you may host your sale. Then pick your time and start advertising a few weeks early. Post signs in your neighborhood and on surrounding city streets if you're allowed. And connect with your social network to spread the word. Include the types of items you’re selling, and even images of your higher-value pieces if you can. If your city requires any notice or paperwork completed, make sure you cross all your T’s well before your sale date. 

BIG TICKET ITEMS: If you have any higher-priced items—furniture, appliances, exercise equipment, or tools—consider pricing these items first and starting your sale efforts online. Posting your sale items on Craigslist, eBay, Neighborhood, Facebook Marketplace, Upcycle, and other classified sites can help put your things in front of buyers currently looking for just what you're offering. People looking for specific pieces or professionals looking for new wares for their shops frequently search through these classifieds—and they typically know precisely what their budget is for each item. Once you know your timeline for completing your sales, what day you will host your estate sale, and when you’re moving into your new home get your big-ticket items posted online as early as possible to get the sale process rolling. 

Note: for things you are not able to sell or donate, posting items as “Pick up for free” on classified sites can help you unload them with less effort on your end.

THE SALE:

  • Set prices ahead of time. When you know what pieces you want to sell, start researching their resale price online. Compare resale prices on classifieds sites with suggested pricing on garage sale advice sites. Note the amount you want to sell the item at, and the lowest price you're willing to accept. Keep these handy in a notebook so you can check your bottom line before you haggle. Checking prices ahead of time will also help you discover items that won't sell, so you can price them lower for a quick sale. You’ll help yourself get rid of clutter and have less to manage at the end of your sale. Consider having a “Clearance” or “Liquidation” or “Lowest Price Marked” area—and even a “FREE” area—to indicate items that must go!
  • Create enough space between tables, racks, and standing furniture for shoppers to move through easily and see everything. Try to design the flow of your sale so that traffic moves past the best place for you to be to conduct transactions, answer questions, and keep an eye on your belongings. Clothing will sell better if shoes are set out in pairs, clothing hung on racks (especially adult clothing), and if you divide items by adult/child, gender, and size.
  • If you are selling any electronic items or appliances be sure to provide an area near an outlet or extension cord for shoppers to use to test them. For battery-powered items have a few spare batteries in each of the sizes you need to allow for testing. Make sure you check all items yourself ahead of time and mark any that aren't fully functional.
  • Have a team designated to help you during your sale. You may not be able to answer all questions, make deals, and monitor your belongings on your own. Have enough cash on hand to give change, even for large bills, and designate someone on your team to keep a close eye on the bank box while you assist shoppers. 
  • Attract buyers with signs, by putting attractive large items and small items out front, and by offering a beverage or simple snack to encourage them to say and browse.

AFTER THE SALE: For the easiest close to your sale, arrange for a local charity to come to pick up any remaining items at the end of the day. Or, have someone on your team (maybe your friend with the pickup?) scheduled to take leftovers to a donation center. This way you won't have to worry about storing any items you weren't able to sell. 

Ask your local real estate agent for their advice on preparing for a sale before your next big move.




Tags: garage sale   homebuyers   minimal  
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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 aren’t aren’t sure about the exact relationship between credit scores and mortgages.

This doesn’t come as much of a surprise considering the many factors that go into your credit score and into your lender’s decision to approve you for a mortgage. So, in this article, we’re going to cover three commonly asked questions that homebuyers have about credit scores and how they’re 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 you’re thinking of buying a home in the near future, one of the first things you’ll want to do is check your credit. However, if you’ve 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 you’ve applied for credit.

In short, checking your credit score online won’t 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 you’re young and don’t have a diverse history of credit payments, you’ll be starting from scratch to build your score.

If you’re hoping to get an FHA (first-time homeowner loan), the lowest your score can be is 580. However, that doesn’t mean you should always take a loan with a low credit score. When you don’t 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 you’ll 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 won’t 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  
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