McClintick Real Estate, Inc.



Posted by McClintick Real Estate, Inc. on 6/14/2018

If you're on the lookout for your dream house, it pays to operate as a competitive homebuyer. And if you find your ideal residence, you should not hesitate to submit a competitive offer to purchase this house.

Ultimately, there are many reasons why you should submit a competitive offer to acquire your dream house, and these include:

1. You risk alienating a seller.

Dozens of homes are available in cities and towns across the United States, yet an individual's dream house may only be available for a limited time. Therefore, when it comes to submitting an offer to acquire your dream house, it usually is a good idea to put your best foot forward. Because if you submit a "lowball" homebuying proposal, you risk receiving an instant "No" from a seller.

Although you likely want to avoid breaking your budget to purchase your ideal residence, you also should strive to avoid a lowball offer. Fortunately, an informed homebuyer can learn about the local real estate market and use this information to assess the prices of houses in a particular area. And with comprehensive housing market data in hand, this homebuyer can submit an offer to purchase that may match or exceed a seller's expectations.

2. You may lose your dream house to a rival buyer.

Once you discover your dream house, you should submit a competitive offer on it right away. If you wait too long to provide a competitive homebuying proposal, you risk losing your ideal residence to a rival buyer.

Remember, the housing market is fierce, and the top residences typically will sell quickly. But if you submit a competitive offer, you can reduce the likelihood that you'll squander the opportunity to acquire your dream house.

3. You may wind up having to spend more to acquire an alternative house.

The real estate market fluctuates constantly, and failure to submit a competitive offer on a house today may prove to be a costly mistake. In fact, if a buyer's market transforms into a seller's market, you may be forced to pay more to purchase your ideal home in the foreseeable future.

For those who are uncertain about what differentiates a competitive offer to purchase from an ordinary homebuying proposal, there is no need to stress. If you hire a real estate agent, you can get the help you need to submit a competitive homebuying proposal any time you choose.

Generally, a real estate agent will serve as an expert guide throughout the homebuying journey. This housing market professional will teach you about the real estate sector and help you narrow your home search. Then, when you discover your dream house, a real estate agent will help you put together a competitive offer to purchase. He or she will even negotiate with a seller's agent on your behalf to ensure you can get the best price on your dream residence.

Ready to simplify the process of buying a house? Collaborate with a real estate agent today, and you can receive extensive support at each stage of the homebuying journey.




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 5/24/2018

The sellers of your home will not be present during a home inspection. It constitutes a conflict of interest. In fact, in some cases, you may never actually get to meet the occupants of a home you’re considering buying. There’s ways that you can get in touch with the sellers. That’s through your realtor. It is a good idea to ask the sellers of a home plenty of questions that may concern you. It will help you to make a more informed final decision on the home you’re considering buying. Getting these answers also can help you to know what to expect once you actually live in the home. Unless you’re buying a short sale or a foreclosure property, you’ll have likely have this opportunity to ask questions.  Most of the things that you’ll ask the seller will be a bit more open-ended. Here’s some ideas of what you might want to ask the sellers of a home:


Have you ever had water in your basement?


While the home inspection can reveal traces of mold and mildew, the fact that water comes into the basement on a regular basis is a problem. Other questions related to this would be, “Do you have a sump pump?” If there are any major signs of water damage, you can ask that it be repaired before you even buy the home.


Have you had any structural problems repaired? Are there any cracks in the walls?


The seller will answer these questions honestly, allowing you to better assess the condition of the home. 



Has your roof ever leaked? When was the last time the roof was replaced?


The typical roof on a home lasts about 25-30 years. If the roof was replaced more recently, you won’t have to worry about it for years to come. The home inspection will also reveal a lot about the roof and any water damage that may have occurred.


How do the heating and cooling systems work in the home? How much do you typically spend on these utilities?


You should find out from the occupants how well the heating and cooling systems work in the home and if there are any problems that have been found. You can also get an idea from the previous owners of how much money you can expect to spend on gas, oil, and electricity in the home. Your home inspector will also give the heating and or cooling systems a good inspection and let you know if he sees any potential problems with the unit.  


Have you made any recent improvements to the home?


A bonus to any home purchase is if a seller has made any major recent upgrades to the home. Everything that the sellers have done from replacing windows to updating the kitchen to replacing the roof is all things that you won’t have to worry about until a much later date. 


Asking questions during a home inspection is always a great idea. It’s also even better if you get an idea of the condition of the home from the sellers themselves. The bottom line is that when you’re buying a home, you shouldn’t be afraid to ask questions!




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 5/10/2018

You may have heard the term “escrow” in your experience with real estate. You might know it’s an account, but what exactly does it do for you as a buyer? An escrow account is what your lender uses to make payments on things like property taxes, insurance, and more. The lender collects your monthly mortgage payment, and part of that cash goes into an escrow account. 


This type of account is an excellent option for homeowners because your bills relating to being a homeowner will all be paid without you having to do anything. It makes budgeting a breeze because there aren’t any complicated calculations involved. Every month, your lender collects 1/12 of the estimated tax bill and insurance cost for the home. The rest of your mortgage payment covers the principal and interest on the loan of the house.


Are Escrow Accounts Mandatory?


You’ll find that most lenders require you to have an escrow account. The purpose of the account is to keep the home safe as collateral for the loan. The bank has an interest in the proper insurance behind the property. The taxes also need to be paid on time in order to keep the property in good standing. If the taxes aren’t paid, a tax lien will be placed against the house. 


Everything In One Place


You’ll receive an annual statement from your lender that will show you how much money was collected and placed in your escrow account. Escrow payments often change because insurance premiums and taxes tend to change quite frequently. The amount being put into escrow may change a few times throughout the year. The lender keeps track of all this for you, saving you some time. 


Bills That Need To Be Paid


Whether you have an escrow account or not the bills that are included must be paid one way or another. It’s a good idea to speak with your lender before you buy a home to find out that bank’s procedures around these insurance and tax payments. Property tax and home insurance are items that you’ll need to budget for regardless of how your lender does things. An escrow account can be much more convenient for many buyers. 


Escrow is just another one of the many essential terms that you’ll come across as a homebuyer. Knowing the advantages and purpose of the account helps you to be informed as you dive into the home buying process. 





Tags: Buying a home   mortgage  
Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 3/8/2018

Buying a home is a complicated process with a lot of opportunities to make costly mistakes. There’s no high school class to prepare you for buying a home but there probably should be. If you’re a first time homebuyer and you came across this article looking for advice, congratulations--you’re already doing the most important thing you can when making a big financial decision: the research.

In this article, we’ll cover some of the most common mistakes that first time homebuyers make when entering the real estate market. We’ll break it down by the three main phases of home-buying: saving for a home, hunting for a home, and signing a mortgage.

Saving for a home

One of the first lessons that all first time homeowners quickly learn is that being able to afford your monthly mortgage payments doesn’t mean you can afford a home. Many first time buyers are often coming from living situations where certain utilities are included (water, heat, electricity, etc.). Aside from those obvious expenses, there are also things like property tax and home insurance to budget for, both of which may increase. Finally, when you’re living in an apartment and your faucet breaks, you simply call the landlord. When you own a home, especially an older home, be prepared to spend on repairs and to start learning basic maintenance skills that will save you money.

The hunt for your first home

Now that you’re aware of the costs, it might be tempting to jump in and start looking at homes. Another common mistake first time homebuyers make is to waste time looking at homes before they’ve met with a real estate agent or have gotten pre-approved for a loan. Start there, then once you know the scope of your home search, you’ll have a much more relaxing hunt for your new home.

Another mistake that first time homebuyers make is to underestimate the time and commitment it takes to find a home. When you work with a real estate agent, make sure you are available at all times. Keep your phone nearby, stick to your schedule for viewing homes, and keep a list of each home you’re considering. Showing initiative and dedication won’t just help you stay organized, it will also show your agent and the home seller that you are worth their time.

Mortgage mistakes

One of the most common mistakes that buyers make when it comes to their mortgage is to fail to shop around for a lender. In fact, the Consumer Financial Protection Bureau found that only half of all buyers considered more than one lender for their home.

Buyers, first time and repeat, often think their credit report is set in stone. What they don’t realize is that the three main credit Bureaus (Experian, Equifax, and TransUnion) can all make mistakes on your credit. Check your detailed credit reports and fix any errors long before applying for a mortgage to increase your chances of getting a good rate.

If you avoid these common mistakes and continue to do your research along the way, you should be able to save yourself some headaches and some money in the long term.




Categories: Uncategorized  


Posted by McClintick Real Estate, Inc. on 2/22/2018

A home showing may prove to be exceedingly valuable, regardless of whether you're actively searching for a residence or preparing to enter the real estate market. In fact, there are many reasons to schedule a home showing, and these include:

1. You think a home may be right for you.

If you review a home listing and feel a house may be your dream residence, it never hurts to set up a home showing. By visiting a residence, you can get an up-close look at a house and determine whether this home is right for you.

Ultimately, the only thing that a home showing will cost you is time. If you find that a home matches or exceeds your expectations, you can always submit an offer on this residence after a showing. Conversely, if a home falls short of your expectations during a showing, you can continue your search for your ideal house.

2. You are interested in learning about the local housing market.

Let's face it – the housing market can be tricky to navigate, particularly for those who intend to purchase a home for the first time. Luckily, a home showing offers a commitment-free opportunity to examine a residence and learn about the local real estate market.

Typically, a home showing allows you to review a house in-person and ask questions about this residence. Once the showing is complete, there is no obligation to move forward with a home purchase. Instead, you can assess your homebuying options and proceed accordingly.

3. You want to narrow your home search.

Although you know that you want to buy a house, you still have lots of ideas about what you want from your ideal residence. Thankfully, a home showing gives you an opportunity to walk through a house and determine what you like and don't like. And even if you decide not to proceed with a home offer, you can use the insights from a home showing to hone your house search.

If you need help setting up a home showing, you may want to reach out to a local real estate agent sooner rather than later. Because if you have a real estate agent at your side, you can check out a wide range of residences and boost the likelihood of discovering your dream home.

A real estate agent can help you get ready for a home showing and offer plenty of insights into the housing market. This professional also will walk through a house with you during a showing and is prepared to respond to any concerns or queries. Perhaps best of all, if you want to submit an offer on a house after a showing, a real estate agent will make it simple to put together a competitive homebuying proposal.

Make your homeownership dream come true – attend a house showing, and you can increase your chances of finding a terrific residence that you can enjoy for years to come.




Tags: Buying a home   showing  
Categories: Uncategorized