West Kentucky Real Estate News

 

July 17, 2019

Before Buying Dawson Springs Real Estate, Get Your Credit Score in Shape

Ask for a credit report before buying Dawson Springs real estate.When you start thinking of purchasing Dawson Springs real estate, one of the most important factors for getting a low mortgage rate is a good credit score. Your credit score is what lenders will look at to determine whether you are a safe person to lend money to. The credit score reflects your history of paying back debts. This includes car loans, credit cards, student loans, and sometimes even utility bills and rent.

Note that the credit score reflects your history of paying back money or paying bills on time. This means that having a credit card or a car loan and making payments on time will give you a good credit score. Obviously, late payments will lower your score. But not having any credit history at all will also lower your credit score. Long before you start shopping for a Dawson Springs home, you should have a plan to develop a strong credit history.

Potential Dawson Springs Home Owners Should Check Their Credit Report

You are entitled to see your credit report once a year for free. You can request it from any of the major credit bureaus, which are Equifax, Experian, and Trans union. Go over the report carefully to make sure it is accurate. Contact the bureau as soon as you can if there are mistakes or if you suspect someone has stolen your information.

Be careful not to request credit reports too often. Every time you apply for a credit card or other financial product, your credit will be checked. You don’t want to have a bunch of credit cards where you transfer balances back and forth but don’t actually pay them down. There are other times your credit report can be requested. Becoming a member at a country club or changing banks are both times that your credit report may be checked, and it becomes part of the credit report.

Buying Dawson Springs real estate is a huge decision. You want to find the right lender who can work well with your particular situation. Feel free to give our office a call so we can help you on your journey to home ownership.

 

Posted in News
July 15, 2019

Tips to Stage Your Clay Home and Reduce Stress

Get help staging your Clay home.It can certainly feel overwhelming to sell your Clay home. There is so much to do to get all of your belongings packed up, spruce up the place, and get it ready for potential buyers to walk through. Decluttering and staging can seem intimidating, but here are a few easy tips you may not have considered that may make your life easier.

Ask Friends to Help You Get Clay Real Estate Ready and Hire Professionals

First of all, get some help and utilize outside resources. Rent a storage unit or find space in a friend’s garage to keep the items that will not be needed in the staging process. Pack away all of the items that are personal or that are not necessary for a while. Also consider hiring someone to deep clean your Clay home. This can take a load of stress off of yourself. Once the place shines, you just have to keep it that way. Another idea is to ask a good friend if you can borrow their eyes and nose. Have them take a look around to see if there is anything that needs further cleaning or sprucing. An outsider may also notice a strange smell that is lurking in a closet that you have become used to.

Also think about your Clay real estate, its size, and location and think about who the potential buyers will be. Then decorate for them. If your home is great for a young couple just starting out, make it appeal to them. Opt for an office instead of a kid’s room and think about using more trendy paint colors. If you are downsizing and it is likely that a family will be buying your home, think about what they will be looking for. Make your home look spacious and emphasize recreational spaces.

Also remember that you are not alone in this staging process. Talk with your Realtor for more suggestions. They have a wealth of knowledge and know what appeals most to potential buyers. We’d be happy to help you with this process. Give the office a call so we can get started.

 

Posted in News
July 10, 2019

Interested in Living in Providence? Watch Out for Scams While You House Hunt

Be wary of scams when first living in Providence.When you’re searching for a new home, whether you’re already living in Providence or are new to the area, you will need to get used to asking lots of questions and researching all sorts of things. All the research and questions will help to save you from costly real estate scams. To start with, be sure you’re working with a real estate agent who is licensed. You need to be able to trust your agent to guide you through the labryinthine process of buying a house. So ask to see their license and make sure it’s current. An experienced agent will be happy to provide their credentials. Having a good agent will help you protect yourself from scams.

Search Providence Properties and Hire an Agent to Help You Find the Perfect One

In some areas, it’s very normal for both the buyer and the seller to have a real estate lawyer to make sure the contract is drawn up in accordance with all applicable laws. And some people hire a lawyer just to be extra confident. However, if a lawyer reaches out to you out of the blue, you should check to make sure they are actually representing the other party. This will save you from having to pay a commission to an imposter.

As you’re looking at different Providence properties, be wary of houses with remodeling that is covering up major problems. Always ask to see the paperwork detailing all the work done by the contractor. If you’re in any doubt, hire a home inspector. A full inspection will be able to identify any major issues. Don’t let yourself get talked out of a home inspection.

Finally, when you go shopping for your loan, watch out for terms that look too good to be true. They usually are! Be especially cautious if you’re asked to provide your personal and banking information. Your real estate agent will be able to steer you toward reputable banks and brokers.

We hope you will enjoy living in Providence. Please reach out so we can talk to you about finding you the house of your dreams.

 

Posted in News
July 8, 2019

5 Questions to Ask to Get a Good Deal on Dawson Springs Property

Questions to ask before buying Dawson Springs property.When you’re on the market for Dawson Springs property, you want to make sure you’re getting a house that’s in good condition at a fair price. Be sure to work with an experienced real estate agent, especially if you don’t currently live in Dawson Springs. They can help you find a great neighborhood and will know if the asking price is a good one. A good agent will also know about the price history of a house. Sometimes a home will be put on the market priced above market value and have to come down several times. These houses often spend more time than average on the market, and sellers may be more willing to negotiate on the price and other concessions.

Want to Live in Dawson Springs Happily Ever After? Get Plenty of Info on the House!

Here are questions to ask to make sure you understand the quality and condition of a Dawson Springs property before you sign on the dotted line.

1. What is the age of all the major systems? You want to know if the roof that will need major repairs or a full replacement in the near future. This may affect your ability to get a loan. You can also use it as leverage to bring the price down. Find out about the age of the HVAC system, the plumbing, and the electricity, especially on an older home. Older systems are more likely to need replacing, and you need to take that into account as you budget.

2. What is the repair history of the house? Make sure any additions have the correct permits to save yourself a headache later one.

3. Have there been any recent claims on the home owners insurance? If there have been, be sure to follow up and make sure the repairs were completed properly.

4. Is the area prone to natural disasters? Floods, tornadoes, wildfires--each one has the potential to destroy your house. You might also need to get a special clause in your homeowners insurance to cover it. Find out how much that will cost.

5. Are there health hazards in the house? Discuss with the home inspector whether there is lead paint, asbestos, radon, or mold. If the inspector recommends extra testing, it’s probably a good idea to go through with it. These are serious issues and can also affect a lender’s willingness to underwrite a loan.

Feel free to get in touch with our office so we can help you start house hunting in Dawson Springs and the surrounding communities.

 

Posted in News
July 3, 2019

How to Afford Luxury Clay Real Estate on a Regular Budget

Find luxury Clay real estate on a budget.When looking for Clay real estate, it may seem that a luxury family home would be too far out of reach. However, with a little extra planning and the help of an experienced real estate agent, this dream can become a reality. The best place to start is to work on your credit score. Lenders will be taking a very close look at your credit history and your credit score will directly relate to your interest rate. By improving your credit score, you can get a better interest rate and be able to pay off the mortgage quicker.

Also keep in mind that luxury family homes that are situated on the water or in a prime location are going to be costlier. You can look for Clay real estate a little outside of the city and be able to get more house for your money. Property taxes are also often lower outside city limits. Plus, you are likely to find a luxury home on a larger property a bit outside of town if you are hoping to spread out.

A Real Estate Agent Can Help You Find the Perfect Clay Home

Lastly, be patient and work with an experienced agent. Take your time and look around. Work with your agent to find potential properties and go see them. Wait until the perfect luxury Clay home comes on the market to make an offer. The agent will also have a good eye for items on the property that may be a little costlier to keep up so you can get a better idea of the total cost of ownership. Realtors can also recommend several lenders so you can shop around for terms. In addition, the agent will be able to negotiate the price of the home for you to get the best deal. Reducing the price by a few thousand dollars or getting better terms for the mortgage can save a large amount of money in the long run.

 

Posted in News
July 1, 2019

Create a Debt Pay Down Plan to Get the Best Terms on a Providence Home Loan

Pay off debt to afford a Providence home.Whether you’re planning a Providence home purchase or trying to figure out your retirement, debt can be a problem. Too much debt makes it hard or impossible to save up for a down payment on Providence real estate, to put funds in a retirement account, and to feel confident about your financial health in general. The first step you can make toward getting control of your finances is to make a budget. You can do this the old fashioned way with a ledger book and a pencil. Or you can go high tech with all sorts of programs and apps. It doesn’t really matter how you do it. Just pick something you can stick with. If you’ve never made a budget, you might want to take a couple of months to just monitor how you spend. You might find you can easily make some cuts in spending.

Make a Budget and Plan to Save up for the Down Payment on Providence Real Estate

Once you have a reasonable budget, try to start a “debt pay down snowball”, as some experts call it. Start with the credit card with the highest interest rate. Pay it off as quickly as you can. Then take the amount you’ve been paying and put it to the next debt with the next highest interest. You should also refrain from putting more purchases on the cards once they’re paid off or while you’re working on paying them down.

Why is it so important to get your debt to a manageable level before buying a Providence home? For one thing, you’ll improve your credit score when you have a low debt to income ratio. A higher credit score means more favorable mortgage terms, which will save you thousands of dollars over the life of the loan. Also, the less you have to spend on credit cards, car payments, and student loans, the more you will have to save for the down payment. On the other hand, if you’re looking at retirement, less debt means more to put into your retirement account. Many people see their home as an investment for their retirement, too. When it’s time to sell, the more equity you have in your house, the bigger the profit you will make.

If you’re looking to buy a first home or downsize, give us a call! We’d be happy to talk about your needs and help you come up with a plan to find the right house.

 

Posted in News
June 26, 2019

Sellers who Live in Dawson Springs Should Budget for Closing Costs

Live in Dawson Springs and budget for closing costs.When you buy a house, you know you’re going to have to spend a bundle of money. However, selling a house can come with a sizable price tag, too. If you live in Dawson Springs and are considering selling your current house, you need to budget for several costs that will go along with the sale of the house. First, be sure to take into account closing costs. These are based on the selling price of the Dawson Springs property. You should also account for taxes and your real estate agent’s commission. The national average for closing costs is 8 to 10% of the selling price. Traditionally, the seller pays both their own agent’s commission and the commission for the buyer’s agent. Most agents charge 3%. Sometimes you can bargain with your agent for a lower amount, especially if they are representing you to both sell your current house and buy a new one.

Be Prepared to Deep Clean and Improve Dawson Springs Property to Get Top Dollar

The other major cost for sellers who live in Dawson Springs are home improvements before you put the house on the market. Be sure to talk with your agent about what improvements buyers in your area expect. Most sellers should plan to pay for professional house cleaning and carpet cleaning. Consider hiring a landscaping company to increase the curb appeal of the front of your home. Many sellers will repaint the interior and exterior, too. In higher end areas, a professional home stager can help your home really shine, which will net a higher selling price. Then there are the costs of moving--hiring a company or a moving truck, boxes, tape, and eating out while your kitchen is packed up.

Some sellers might balk at the idea of spending money to sell their house, especially with home improvements. However, houses that have been improved and upgraded are more likely to sell at or above their asking price, so it’s actually a good investment.

Give our office a call so we can discuss ways we can help you sell your home for top dollar.

 

Posted in News
June 24, 2019

Increase the Value of Clay Property with These Inexpensive Upgrades

Easy ways to improve Clay property.Many homeowners have big dreams of upgrading their Clay property, but they are unfortunately often squashed by the price tag. Even though your plans might have to be scaled back a bit, there are still many upgrades that can be done without a lot of money. These small improvements will not only add to your own enjoyment and better function of your home, but will also add value to your Clay property.

Get More Enjoyment Living in Clay with These Easy Projects

Upgrade some of the smaller items in your home. These can include cabinet hardware, faucets, and light fixtures. You may not be able to remodel the whole kitchen, but getting outdated hardware out of the room can really help. There are many modern options out there made out of a variety of materials. Shop around and find one that speaks to you and makes the room look great. Faucets also look worn and dull after a while. Consider upgrading. There are lots of great options that don’t cost a lot. This can definitely be a project that you can do yourself, or hire it out. Instructions are easy to follow. Light fixtures are also pretty easy to replace and this upgrade can really make a space shine. Add color, personality, or just a more modern vibe with new fixtures and bulbs.

Other easy upgrades for those living in Clay include fresh paint and new flooring. It may not be in the budget to get new flooring for the whole house, but look around and see which areas have worn or outdated flooring. There are many options out there these days that are inexpensive, durable, look great, and are easy to install. Think about the kitchen, mud room, laundry room, and bathrooms as options. Lastly, a fresh coat of paint can really make a space look bright and fresh. Change any old or drab colors on the walls and also consider painting doors, trim, or even cabinets.

Call the office to discuss any upgrades you may be considering.

 

Posted in News
June 19, 2019

What Providence Real Estate Buyers Need to Know About Title Insurance

Get title insurance on Providence Springs real estate.There are several costs that come when you close on Providence real estate. One of the most important is title insurance. If your new Providence home purchase, you might not know why title insurance is necessary. Rest assured, it is. Title insurance ensures that there won’t be any questions about your ownership of the house. There are lots of scenarios that could affect your title. Maybe someone didn’t get the signature of an estranged spouse a couple of sales previous. You don’t want someone turning up saying they have a claim to the property. Or an unpaid contractor could have put a lien on the house. Truly, the possibilities are endless.

Title Insurance Protects Your Investment in Your New Providence Home

In order to protect your right to your Providence real estate purchase, your lender will require that you buy title insurance. There is both lender’s title insurance, which covers the lender’s investment, and owner’s title insurance, which covers your investment. Whether the buyer or the seller pays for title insurance is something you’ll negotiate. Make sure the policy covers not only the purchase price of the house but also inflation and protects you from liens against the house after closing.

Title insurance is a one-time cost. Once you’ve bought it, the title company will search through all the records it can find that refer to the house, its various owners, whether mortgages and liens are paid off, whether there are any easements, and legal actions. The company may search digitized records, as well as paper records. The insurance covers you in case the title company missed something, too.

Most lenders will have a company they usually work with. The easiest and cheapest thing to do is just get your policy from the same company. If you have a strong preference for another company, you can negotiate with the lender.

 

Posted in News
June 17, 2019

What to Expect During a Dawson Springs Home Inspection

Be sure to get a Dawson Springs home inspection.Once you’re under contract on a Dawson Springs home, you need to schedule a home inspection. This is very important, since you want to be aware of any potential issues. You can also negotiate with the seller if the inspection turns up a problem that will be expensive to fix. To find the right inspector for Dawson Springs real estate, ask your real estate agent for recommendations and look online for reviews. You’ll want to be at the inspection, along with your agent. The seller’s agent will probably be there, too. You should block out several hours for the whole inspection. The inspector will not only be looking for problems. He or she will also be able to tell you about routine maintenance you’ll need to do.

Don’t Skip Inspection Day for Dawson Springs Real Estate

Be sure you have a copy of the seller’s disclosure statement for the inspector on inspection day. If repairs have been done, make sure they are double checked to be sure the issue is really solved. You also want to know if there is any unpermitted work on the house.

Your inspector will be looking at several major systems and structures in the Dawson Springs home.

  • The foundation should be free of cracks and not shifting. Make sure trees are not encroaching on it. Drainage should be away from the house.
  • Find out the age and condition of the roof. Be sure the attic is free from leaks.
  • Is asbestos an issue, either in the exterior or interior? That will be a problem if you want to remodel at all.
  • Inside, look for evidence of water damage around ceilings and windows. If there is a musty smell, it may be that the basement is wet. Be aware of other smells and figure out what is causing them.
  • The plumbing should be free of malfunctions and unexplained noises. Find out if the sewer line as been checked for cracks.
  • The electrical system should have all switches working and outlets grounded. Check to see if the panel is updated. Can it be expanded if you remodel?
  • Find out the age of the furnace and HVAC. Do they work well?
  • If you are getting appliances with the house, find out how old they are and if warranties are still in place.

Feel free to give the office a call so we can help you find a good home inspector.

 

Posted in News