Real Estate Tips
THIS WEEK'S TIP
PRE-QUALIFY YOURSELF
QUESTION: How do I know if I am able to qualify for a
mortgage loan from a bank? I'm very nervous about
applying.
ANSWER: If you're so nervous that you won't qualify for a mortgage
that you're afraid to apply for one, you can relax! Lenders say that 85%
of all mortgage applicants are approved. Let's face it - banks are in the
business of lending money. That's what they do.
Take some preliminary steps to see how you rate with a lender.
Ask the officer if you qualify for a home loan with your income and in
what price range you should be looking. It wouldn't do any harm to
do some comparison shopping that will lead you to the best deal. A word
of caution - inquire only and do not allow mutiple credit checks against
your name as this can drive your credit score down.
LAST WEEK'S TIP
PRICING FOR SALE
QUESTION: How do I go about putting the right selling
price on my house?
ANSWER: You can check the real estate ads to try to find what
comparable houses are selling for, but that won't tell you what YOUR
home is worth.
For this vital decision you need the help of a Realtor. Overpricing
would delay a sale. Underpricing would be a pity. We know the local
market and what would be the best price for your home. Its location,
condition of the house and property and extra features will all play a
part in determining the asking price.
Selling price is the most important part of the sale. Make sure its
made properly. |
Call Tim at 250-785-0932
