mls in anacortes

What Should You Consider If You Plan On Buying A Bigger Home

Everyone enjoys the idea of upgrading to a larger and more luxurious home. That said there are a few things worth considering if you plan on making the jump into a bigger house. For example, one key ingredient of being successful in transitioning to a larger home is in choosing the right mortgage. This is especially true if you do not plan on keeping house for an extended period of time. In this instance, an adjustable rate mortgage will typically be the best bet.

Maximize Cash Flow

The adjustable rate mortgage will save you money through a better interest rate. In fact, in most cases an adjustable rate mortgage will be lower than the 30-year fixed type product. In addition, choosing an adjustable rate mortgage is a great option for those wishing to maximize cash flow. Equally important is to explore all options when it comes to your existing home. If you are able to lease out your current home rather than sell it this may be a smart move in terms of building equity in multiple pieces of real estate.

Jumbo Loans

As a note, those wishing to upgrade to a larger and more extravagant home may require a jumbo mortgage. As such, you should be prepared to qualify for a jumbo mortgage with solid financials and strong credentials. Mortgage underwriters typically determine a borrower's risk based on their credit, capacity to pay and collateral. Make sure that you understand all aspects of jumbo loans so that you are able make an offer on the property and close quickly. This is especially important if you find the perfect home and wish to secure that home without it being sold to another party.

Current Real Estate Climate

With an improving Anacortes housing market and increased home values as well as lower interest rates, now may be the perfect time to make the jump into a larger and more impressive home. Those with a growing family as well as anyone else wishing to make a good investment can take advantage of all that the current real estate climate has to offer by being prepared and making the right choices. If you are looking to relocate to Anacortes Washington, there are many Anacortes MLS listings that may fit your needs perfectly. Contact Nicole Haun by visiting our website at Realestateinanacortes.com to learn more. We look forward to speaking with you soon!

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House Hunting Tips Every Prospective Homebuyer Should Consider

Buying a new home can be one of the most exciting events in an individual’s life. That said searching for the perfect home requires understanding a few simple and basic tips for getting the most out of your house hunting efforts. This is especially true when visiting and touring multiple properties on multiple days. Staying organized, focused and disciplined will help to ensure that a smart and financially beneficial purchase is made.

Writing Down Priorities

Perhaps one of the first and most important aspects of hunting for a home is to simply set priorities. Sitting down with your spouse and writing down details regarding what is desired in your future home can go a long way in having a far more successful outcome. Invite all members of the household to provide input when writing down priorities. When shopping for a home always keep your list of priorities close at hand so that you stay on track. Equally important is to have some type of charted comparison of each home that you visit.

Natural Lighting

Visiting and touring multiple houses can get very confusing and that is why it is best to have some type of chartered comparison chart listed in an organized and detailed way. Take notes as well as photographs and even videos of the homes that you tour so that you can review the information at a later time. Notes can be taken on everything from landscaping to the condition of the interior of the home as well as the exterior. The level of natural lighting, overall storage space and unique features should also be noted. It may also be a good idea to take notes about the neighborhood where each home is located.

Type Of Flooring

When walking through a home for the first time try to get a general feel for the overall property condition and appeal. Once this is done, take a second walk through the entire home and begin taking notes. Make a list of your favorite features of each home as well as any disadvantages that are apparent or obvious. Consider the size of each room and determine whether or not your existing furniture will be a comfortable fit for the space. Paint color, the type of flooring and the type of appliances inherent in the home should also be taken into account.

Closets And Cupboards

Finally, it is always a good idea to go through all the closets and cupboards within the home prior to making a final decision. Today, more than ever before people require ample amounts of useful and functional storage. Make a note of how many closets and cupboards are found throughout the Anacortes homes you visit. Even something as simple as lifting up area rugs to check on the integrity of flooring is well worth considering. As an added note, drive by each home at different times of the day to get a feel for the neighborhood and various levels of daytime and nighttime lighting. Contact Nicole Haun by visiting Realestateinanacortes.com for a copy of Anacortes MLS home listings.

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How To Find The Down Payment Needed To Buy A New Home

This is a common concern that is often raised especially by those who are young first-time home buyers. However, the good news is that it is really much easier than most people might imagine to secure the funds needed to make a down payment for a new home purchase. For example, young couples just starting out may wish to consider simply asking their parents, relatives or friends for an affordable loan.

First Alternative

Best of all, securing this type of loan usually means that there will be no strict time-frame in terms of paying off the loan and in many cases no interest. This is clearly the best type of loan available and should always be considered as a first alternative when preparing to buy for the first time. As another option, it may be worth considering having a parent or close relative cosign a loan in order to become a new homeowner. Another idea is to consider liquidating assets as a way to buy your first home.

The Potential Profit That Is Inherent In That Market

For example, selling stocks, bonds or even a boat or motorcycle as well as maybe a second vehicle can help open up the door to having the funds necessary to purchase a first home. Conversely, those with established life insurance policies with an accrued value may find that cashing it in is a great way to access the real estate market and the potential profit that is inherent in that market. As a note, first-time homebuyers may be able to enjoy penalty free access to a retirement account up to $10,000. Consult with your accountant to know for sure.

Many Loan Products Available Today

Finally, everything from increasing your income by taking a second job or talking with your local church or other nonprofit organization about low down payment loan options is worth considering. It should also be noted that there are many loan products available today that require either a very low down payment or no down payment at all. From an FHA loan to a VA loan and other types of unique loan programs, there are a number of ways to finance the purchase of a home without having to come up with a substantial down payment. Contact Nicole Haun by visiting Realestateinanacortes.com today to learn more about buying a home in Anacortes Washington. Anacortes MLS Listing information is available, please contact us for a detailed list of available properties.

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Home Inspection Tips For Savvy Home Buyers

Making an offer on a piece of property that is then accepted can prove to be incredibly exciting especially for first-time homebuyers. Once an offer has been accepted it is important to consider the necessity of having a professional home inspection performed. This is the key to avoiding costly home buying related mistakes. Hiring a professional home inspector who will thoroughly and expertly check and inspect a house is a smart and effective way of protecting what is likely to be a very large and substantial investment.

Organized And Detailed

A typical home inspection should include a complete check of the plumbing systems, attic, basement, scrawl spaces, heating and air-conditioning systems as well as electrical systems and exterior home components. In addition, there should be an organized and detailed room by room review as well as a complete check of the foundation and structural components of the house including the interior and exterior. Anything less than this comprehensive type of inspection could end up resulting in something being missed. Potential homebuyers should always follow with the home inspector through the entire inspection process.

Actively Involved In The Inspection

If a home inspector is not open to the idea of a buyer being actively involved in the inspection process it may be a good idea to find a new home inspector. Being actively involved in the inspection process can help a home buyer better understand the findings of the final report. This also helps to reduce any post closing potential surprises. Homebuyers should stay proactive when it comes to a house being checked out by asking questions when appropriate. There are many items that will be covered by qualified and experienced inspector.

Impact On Energy Usage

This includes everything from checking for roof leaks and any possible roof defects associated with aging. In addition, drainage problems that may result in water related damage should be thoroughly checked. Faulty fuses, a rotting deck or water damage on a ceiling will also be looked at during the inspection. Attic ventilation, the quality of weather stripping around doors and windows as well as caulking around fixtures will also be thoroughly covered. These items are especially important because they can have an impact on energy usage and ultimately energy costs. Any potential environmental contamination will also be brought to the attention of the homebuyer by the inspector. Contact Nicole Haun and RealestateinAnacortes.com today for a list of Anacortes homes for sale. Choosing the right Anacortes realtor can ultimately save homebuyers money, time and trouble.

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