A pre-approval letter is a document from a lender based on certain assumptions, stating the maximum the lender is willing to lend to purchase a home. When applying for a mortgage pre-approval, the lender typically requires information about your credit, employment, income, debts, and assets to determine your creditworthiness. Documents Needed for Mortgage Pre-Approval Here […]
What is the Difference Between Pre-Qualified and Pre-Approved for a Mortgage?
As you prepare to purchase a new home, you’ll hear the terms “pre-qualified” and “pre-approved.” These are key steps in the mortgage application process. However, there are important differences in the two terms that every homebuyer needs to understand. Briefly, being pre-qualified is a first step in the mortgage process that gives you an idea […]
Staging Tips: Sell Your Home Faster and For a Higher Price
Staging a home will help it sell faster and for a higher price. However, home staging is more than just cleaning, straightening, and rearranging the furniture. Home staging is a way to showcase your home’s best assets to make it appealing to the broadest range of potential buyers. Think of staging as dressing your home […]
Is New Construction Right for Your Home?
Is new construction the right way to go when you can’t find the “perfect” home? Finding an existing home can be a frustrating experience, especially when you discover that the “perfect” home just sold. According to Zillow, homes are selling faster than in previous years. In 2020, homes spent an average of 25 days on […]
Homeowners Have the Selling Power
According to the real estate brokerage firm Redfin, the average homeowner stays in their home longer than they used to. In 2010 a typical homeowner stayed eight years in a home. In 2019, the average was 13 years. Longer homeownership helps drive increased homeowner equity. It is one of the bright spots of the 2020 real estate […]
