Author Archives: admin

About admin

I have been helping clients with their financial needs and goals for over 15 years. If you are looking to buy a home or sell a home I can help you find that home and help you get the financing for the home you want.

5 Common Mistakes That New Homeowners Make

Are you getting ready to purchase your first home? This can be exciting but grueling and challenging at time. Not to mention the fear that comes along with it. Renting a place is much different, you have less responsibility and worries but when you purchase a home, many things come into factor. For most people it may seem easy, they find a house that they love at a reasonable price but it is not that simple. Many of those people make common mistakes that hurt them in the long run. This article provides you with some of the common tips that most first time home buyers make when purchasing a home.

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1. Not Knowing What You Can Afford

One of the first things that you need to know is how much can you afford. If you are a first time home buyer in your early 30’s, maybe save your money for future investing because this is your first home but it will certainly not be your last. We suggest that you keep track of your monthly expenses and plan for any upcoming expenditures that may arise such as homeowners insurance, realtor fees, and loan payments. Keeping track of your current expenses is the key to figuring out how much you can afford.

2. Skipping Mortgage Qualification

Another big mistake that first time home buyers tend to make is to skip their mortgage qualification. Make sure to get pre-approved for a loan before placing an offer on the house of your dreams. This is especially true if you have little to no credit or an unstable income.

3. Not Considering  Further Expenses

Upon being a homeowner, you will encounter expenses on top of your monthly mortgage payments. Unlike renting, you’ll be now responsible for paying property taxes, home insurance and making any repairs the house needs.

4. Neglecting to Inspect

Before going into Escrow and close on the sale, you have to know what kind of shape the house is in. Just like buying a used car, you must give it a thorough inspection in order to know the car is fully functioning. This will allow you to avoid unexpected repairs that cause headaches to say the least.

5. Not Choosing to Hire an Agent or Using the Seller’s Agent

Walking into an open house without a qualifies real estate agent is one of the worst mistakes on can make. Real Estate Agents are held responsible to act on both the seller’ and buyers’ best interest so we suggest that you contract an agent of your own so that you two build a mutual relationship that is long lasting.

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Once you’re seriously shopping for a home, don’t walk into an open house without having an agent (or at least being prepared to throw out a name of someone you’re supposedly working with). Agents are held to the ethical rule that they must act in both the seller and the buyer parties’ best interests, but you can see how that might not work in your best interest if you start dealing with a seller’s agent before contacting one of your own.

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5th Annual Cambria Christmas Market

During the dates of November 25 through December 23 join us for the 5th Annual Cambria Christmas Market. The market has a German style of Christmas Markets with entertainment provided every night. Event information can be seen below. We hope to see you there!

Event:   Cambria Christmas Market

Dates:   November 25 – December 23

Time:    5pm – 9pm

Cost:     $5, $10, $15 (depending on the night); Kids 5 and under are free! Please refer to the Cambria Christmas Market calendar for nightly pricing.

Transportation: There are shuttles to and from the Market. The last shuttle to the Market is at 8pm and the last one from the Market is at approximately 9:15pm

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Cambria Christmas Market

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Alternative Uses for Wine

Wine can have many benefits besides the consumption of wine itself. Before throwing away that half bottle of wine that you did not get a chance to finish during last week’s dinner party, try one of these unusual ideas that wine is good for.

Red Wine – Whether you were drinking Merlot or a smooth Cabernet, red wine has tremendous effects on other things besides cooking or drinking.

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Benefits of having leftover red wine

Skin Moisturizer

Jump in the bath tub with a glass of new wine and pour a few glasses of previously opened red wine into the water. The red wine compounds soften skin, disinfect and replenish your skin.

Plant Fertilizer

If you compost this will work wonders for you. Adding the last few drops of your aged red wine into the bin will cause the bacteria to activate thus helping you grow a healthier garden.

White Wine –  If you are having a nice Chardonnay or tasteful Sauvignon Blanc during the start of your evening, don’t feel bad if end up having to plug the cork back on the bottle because you have some leftover wine. White wines have other uses besides drinking too!

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Benefits and alternative uses of white wine

Grease Stains

White Wines when mixed with baking soda can do good during a kitchen clean or anywhere else you are trying to remove those nasty grease stains. It will make scrubbing your grill or kitchen floor an easy task to accomplish.

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What You Need To Know About Home Appraisals

1) Examination of the Property

The physical examination of a property is performed by an appraiser. These types of visits are usually brief if the house is in good condition. Other factors that contribute to the lengthiness of the appraisal are the Gross Living Area (GLA) and the design of the home. A home with a large living area will take longer than those examinations for smaller homes. Also homes that are designed a bit more complex will lead to longer examinations. A typical home appraisal takes about 30 minutes to complete and are required by the lender who is completing the loan.

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2) Selecting Comparables

This part of an appraisal is when the appraiser chooses a nearby house that closely resembles your home and has closed within the last 6 months. Most appraisals require at least 3 closed comparables, 2 of which have closed within 6 months and another that has closed within 12. No comparables will be taken into consideration if it has closed 12 or more months prior to the appraisal. Some lenders are now requiring comparables that are pending or still active to be included. The comparable is usually within a 1 mile radius of the location of your home but the proximity of the comparable differs between suburban and rural neighborhoods. Suburban homes tend to require a comparable that is no more than 1 mile away while homes located in a rural type of neighborhood can be as far apart as 5 miles. The appraiser will choose the most appropriate one and include it in the Appraisal Report.

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3) Completing the Appraisal Report

After the examination of the property and choosing the best comparable sales available, the appraiser can now begin to compile the Appraisal Report. The appraiser evaluates all information that is entered into the report so that they can determine an accurate Market Value of your home. This report is usually handed back to the client after seven to ten business days of the appraisal.

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These three main categories are what complete an appraisal report when trying to sell your home. Though they may vary somewhat throughout real estate, this is typically how an appraisal is performed. Next time you are looking to sell your home keep these topics in mind so that you are aware of what the appraiser is looking for.

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The Benefits of Renovating Your Home

Having thoughts on whether or not to remodel your home? Well it is time to put those thoughts into action. Home renovation can have many benefits, both financially and aesthetically. Here are 3 innovation ideas that will certainly add value to your home.

1. Increasing the space

Expanding the space within a home will make the house seem bigger, allowing you to do your things more freely. Giving your home some breathing room will provide you the benefit of having guests over in a comfortable manner.

2. Comfort

As mentioned above, comfort is one of the many benefits of renovating your home. It can make your house seem safer and increase the likeliness of a buyer to commit.

3. Energy Efficiency

Going green is the new trend going on in the real estate industry. More home buyers are searching for houses that are energy friendly. Start thinking about energy and environmental pleasant renovations that will certainly attract more buyers and save you money on monthly bills.

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