Tag Archives: Blog

House hunting for first-time homebuyers: is there a right way?

DHREA 15/11/2018

 

A lot of buyers, especially first-timers, worry about whether or not they’re going about their home search the right way.

On the one hand, buyers fret that if they find their “dream home” too early, they might be missing out on something better. But, on the other, if the process takes a while, they worry that they’ll never find a home that works for them. The FOMO is real.

Keep reading to find out if you’re on track with your home search and what you should do if you find that you need to go back to the drawing board.

How many homes should you see?

Honestly, that depends. While we understand the impulse to try and rely on hard-and-fast statistics, homebuying is a truly personal experience rather than a science.

Trust your intuition. You know your needs, likes, and dislikes better than anyone else. You’ll know when you’ve landed on the property that makes the most sense for you to call home.

That said, though, there are a few things you can do to help speed your search along:

If you’ve been looking for a while and haven’t really found anything that meets your needs, it might be time to redefine search criteria. Sit down and take some time to think about which features you really need to have in your new home versus which are more nice-to-have, wishlist items.

Narrowing your search

Sometimes, narrowing search criteria can get tricky. If you’re unsure of where to start, try using the following as a starting point.

Neighborhoods

Focusing in on a particular area is one of the easiest ways to refine your search. You can start by doing research into different neighborhoods by you. Think about what you commute to work will look like, if the area has amenities that you enjoy, the quality of the school district, and home values.

With that in mind, though, you getting too hung up on a particular zip code can also limit your criteria. The key is keep an ideal location in mind while still staying open to possibility.

Bedrooms & bathrooms

When searching for a house, you should have a firm idea of how many bedrooms and bathrooms you’re after. Whether you’re just looking to accommodate yourself and the occasional guest, are thinking about starting a family in the near future, or want the option to convert a spare bedroom into an office, this information will surely help narrow your search.

We advise against compromising on this feature because, while it is possible to put an addition on later, doing so takes a substantial amount of time and effort. More often than not, homeowners find that they would rather put their home on the market than go through the hassle of trying to renovate it to fit their changing needs.

Sale price

This is the big one. Once you have the above two details settled, it’s time to narrow your search results further to only those homes that you can truly afford. If you’ve already applied for a pre-approval, that number can be a good place to start. However, remember that a pre-approval shows the maximum amount that you can ask for in a loan. You may not want to borrow up to that amount once you factor in the rest of your monthly expenses.

To find a more comfortable sale price, we recommend using a mortgage calculator to get a sense of what your monthly payment could look like at various loan amounts and interest rates. Then, once you’ve landed on a number that works for you, try plugging that into your monthly budget to get a sense of how the payment will feel in addition to your other costs.

Now what?

The good news is that once you’ve narrowed your search down, your pool of available properties will likely be much smaller than it was before – and much more targeted to meet your needs. From here, your search will be about zeroing in on your perfect match on the basis of which property was the best fit for your personal tates.

You’ll know when a property feels like it could become home versus when you’d be trying to make the best of an imperfect situation. Keep hunting until you find the former.

This article originally appeared on OpenListings.

 

 

 

Join nearly 600 other real estate professionals in Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com! Click below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
586 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

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DHRE DIY Blog: Make A Home A Home!

DHREA 14/11/2018

welcomehome

 

The key to any living situation is making “a home feel like a home”. Whether you own or rent, a little elbow grease and creativity can go a long way. Here’s some quick and easy examples of how to make your home feel more like a home.

1. SHOW YOUR STRENGTHS

If you are someone who is crafty and clever, don’t take for granted your skill. If you own a staple gun, update you bedhead, armchair, or dining chairs at the cost of the fabric only. Competent sewers should consider recovering lampshades, cushion covers and whipping up some curtains. You might have a knack at photography or be a gifted artist. Here again, don’t undervalue your skills. Instead, consider creating some pieces for your wall. You will be updating your space at a low cost and can also have the satisfaction of knowing it is the result of your own handy work.

2. PERSONALIZE

Displaying photos in the house is a no-brainer for personalizing your home, but how you do it can make or break your space. Group photos together to create a gallery wall for an effective contemporary look. Avoid using small photos which can get lost on the wall and create clutter. Similarly, your book collection is uniquely yours so empty your books out of their storage boxes and display them in your home. Whether stacked on bookshelves, piled in a tower on the floor or plumping up a vignette, books are an ideal way to personalize your space.

3. GO GREEN

If I’ve said it once, I’ve said it 100 times: Greenery in the home provides life. While some will argue this, we all need more plants in our interiors. A large plant is an ideal way to fill out a corner and there’s no reason to stop at one. A collection of different plants in varying heights and in varying pots creates interest, lushness, and vitality.

4. BE A SOFTY

A home to me should be a like a big fuzzy bear hug – a place you feel comfortable and at ease. Pay special attention to the soft furnishings in your home to simply soften up your space. Cushions, rugs, curtains, bed quilts, and towels, are those pieces that create a layered, welcoming, and homely look and feel. And strive for diversity in your materials and patterns to create added interest.

5. HAVE FUN

When styling any space be willing to play around with your furnishings until you can stand back and feel a sense of pride and satisfaction. There are interior styling ‘rules’ which you can apply to help you in the process, but it is largely intuitive and requires a lot of play. Add, delete, shift, delete, shift, add, shift, delete, delete, delete! I suggest waiting until you’re home alone, playing your favorite tunes, getting in the zone, and then play the day away.

6. LOOK FOR UNIQUE BARGAINS

It might be time to step out of your comfort zone and seek out some fun and interesting furniture and homeware retailers. Not only can discovering new suppliers provide a fresh source of inspiration, but often the more diversely you shop, the more diverse your space becomes. And don’t be afraid of second hand stores and antique dealers…sometimes the most obscure find can really satisfy your taste for unique decor.

 

 

Join nearly 600 other real estate professionals in Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com! Click the box below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
586 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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#TaraMTG Tuesdays: Five Quick Ways to Estimate Your Home’s Value!

DHREA 13/11/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

Home values change pretty quickly, which makes it tricky to get an accurate home value estimate without a professional. Whether you’re thinking about selling in the future or just curious, there are ways to find out the value of your home in a less official manner.

5 Methods for Calculating Your Home Value Without an Official Appraisal

Ask a Real Estate Agent

A real estate agent familiar with your neighborhood can give you a reasonable estimate of your home’s value. You may even consider getting several estimates from various agents for an even more accurate assessment.

Hire an Independent Appraiser

If you’re selling, buying or refinancing, an appraiser has likely come out to review your home. But did you know that you can hire one independently?

As an independent, they can calculate a fair value without any outside pressures. Although not typical, banks sometimes put pressure causing appraisers to have an overly critical eye. With this unbiased outside opinion, you can feel more confident about how much they say your house is worth.

Compare Recent Home Sales

One of the ways that appraisers determine the value of a home is to review sales of similar properties sold recently. These are called “comparables.” We recommend comparing the prices of properties that have sold within the past six months and within one mile of your home.

Use the Internet

The internet is a great place to see what homes are selling for in your neighborhood or what they have recently sold for. Some real estate sites even have online tools for assessing your property’s value by just inputting your address.

Cruise Your Neighborhood for Open Houses

Take a Sunday afternoon to check out your local open houses and see what they are going for. You can also ask the real estate agent questions about what other homes have sold for in the neighborhood or their opinion of the demand for housing in that area. They can also give you insight into the recent upgrades that the current homeowner did to help raise the value of the home.

If nothing else, you’ll get ideas for ways you can upgrade your home either for reselling or just for personal satisfaction.

Combine several of these methods, and you’ll get a pretty good idea of what others are willing to pay for your home. Thinking about selling? Besides knowing how much you can get for your home, it’s also important to know how much you can afford for your next one.

Contact Tara Mortgage Services today for a no-obligation home loan pre-qualification!

 

 

Join nearly 600 other real estate professionals in Alex Deacon’s Real Estate Networking Workshop group on MeetUp.com! Click the box below!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
585 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Happy Veterans Day from Deacon Hoover Real Estate Advisors!

DHREA 12/11/2018

 

From everyone here at Deacon Hoover Real Estate Advisors, we’d like to thank all of our brave men and women who have served this wonderful country! To our heroes, we say, “never forget and thank you for your sacrifice”!

 

 

 

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
584 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

 

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Homeowners…Should You Relocate For A New Job?

DHREA 06/11/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

When you’re a renter, relocating for a new job isn’t too difficult. You give your current job your two-week notice, your landlord a 30-day notice, put down your deposit on your new place and within a month you have a whole new life.

But things aren’t as easy when you’re a homeowner. Indeed, one of the biggest perks of owning a home is that you can set down roots, so it makes it more difficult to move to a different location and settle down again.

As exciting and welcoming as the new career may seem, as a homeowner, you might start to wonder whether it’s the right choice or whether it’s worth it.

Our office often hears from others in situations just like this –weighing their options for selling their home and relocating for a new job. Here are some things to think about before you decide for or against relocating for work.

Is Relocating for the Job a Good Idea in the First Place?

New city, new career, new home. It all sounds pretty fantastic but remember that there more to life than just work.

  • How would relocating effect your spouse or partner?
  • What changes can you expect for schooling for your children? What about daycare?
  • Does living in a new place move you further away or closer to loved ones –how does that make you feel?
  • If you’re unable to find a home right away, will your new employer provide temporary housing?
  • Will they help with the cost of relocating?
  • How does the move affect your cost of living? Does it fit in your budget?

The decision to relocate your life shouldn’t be made hastily. Try to separate yourself from the romanticism of it and consider all the ramifications that this change would have on your life, as well as the lives of your family.

Should You Sell Your Home if You Relocate?

If relocating makes sense and you’ve decided to take a new position, it’s time to decide what to do about your existing home.

One option is to buy a second home and keep your first home as an investment property. There are specific location requirements when it comes to having two mortgages, one for your primary residence and the other for your investment property. However, since you are relocating, meeting location requirements will unlikely be an issue and applying for a loan for your new home begins the same as the first time around.

What may end up being a problem is the actual management of the property. Managing a rental property in a different location can be difficult. While it comes at a cost, you may want to use a property management company to take care of it for you.

The other option and the one we most often recommend is to sell your first home. Read on to see how to get started.

Tips for Buying A Home and Relocating Quickly

Buying a home comes with a sense of urgency, but when combined with a work relocation, the anticipation doubles. Here’s how you can prepare and make a move quickly and easily.

  • Get pre-qualified as soon as possible.
  • Look for a mortgage professional with a history of closing on-time. You’re on a tight timeline so closing on time should be your lender’s priority too.
  • Respond quickly to requests for documentation such as tax returns, bank statements, and W2′s.Take advantage of electronic submission whenever possible.
  • Travel light. Go through your household and personal items with a critical eye and donate as much as you can to charity.
  • Make a spreadsheet of who to notify about the move such as your bank, credit card companies, utilities. This will help to minimize disruption to service.

Are you relocating or do you know someone who’s relocating?

Contact Tara Mortgage Services today to get your pre-approval started!

 

 

Don’t miss Alex Deacon’s final Real Estate Workshop of 2018!!! We’ve opened up the room for extra seating due to our growing attendance. Click below to connect with Alex on MeetUp.com, network with nearly 600 other Real Estate Professionals, and RSVP to the November workshop!

Alex Deacon Real Estate Networking Workshops

Carnegie, PA
580 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

Next Meetup

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM
34 Attending

Check out this Meetup Group →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Think you’re ready to buy a house? Here’s 4 signs.

DHREA 02/11/2018

 

“Am I ready to buy a house, or should I just keep renting?”

It’s one of the questions that we hear most often and something to which first-time homebuyers often spend months, if not years, trying to figure out the answer.

Below are a list of four tell-tale signs that you’re ready to bite the bullet and take the leap into home ownership:

Sign #1: You’re ready to settle down

The first sign that you’re in the right mindset to become a homeowner is that you’re ready to stay put — at least for a little while.

Conventional wisdom states that in order for your purchase to make financial sense, you’ll want to plan on staying put for at least the next five years. When you sit down to think about house hunting, you’ll want to use that timeframe as your reference point.

Ask yourself the following questions:

  • Can you see yourself staying at your job for that long, or will you be looking for new opportunities?
  • If the right position came along, would you be willing to move for it?
  • Do you like the area you’re living in, or would you like to explore other options?
  • Do you see your living situation changing soon?
  • Are you planning on moving in with a significant other or expanding your family?

If these questions make you squirmy, the idea of looking five years into the future still feels a little too far ahead for you to grasp, or you still want to see where life life takes you, you may want to consider renting for a bit longer or thinking about a for-a-few-years home vs. a forever home.

2. You’re done living paycheck-to-paycheck

Let’s face it, becoming a homeowner is expensive.

Not only is there a monthly mortgage mortgage payment to consider, which will likely be more than your current rent check, but prospective homebuyers need to be prepared to come up with a sizable down payment, shoulder a portion of the closing costs, and have the dough to take care of any necessary repairs.

Luckily, there is a way that you can prepare for the added financial pressure before the big day comes and understand how much house you can afford. Use a mortgage calculator to estimate what a monthly payment could based on the type of home you’re looking to buy. Then, subtract the amount you pay in rent each month, and aim to put the the remainder into savings.

Start by working towards a down payment that could be worth 3%-10% of a home’s sale price, and then move onto a seperate emergency fund.

3. You’re ready for more responsibility

Once you find a home and actually buy it, that’s really where all the fun begins.

Yes, owning a home means that you have a lot more freedom to improve the property as you see fit — whether that means putting in an entirely new kitchen or redoing the hardwood floors.

However, in addition to that creative freedom comes an added layer of responsibility. As the homeowner, you’re the one who is responsible for any necessary maintenance and upkeep on the property.

Think about what you’re like as a tenant now.

Are you willing to roll up your sleeves and help with small tasks or are you relieved to know that you have someone to call? If you’re less handy, you may want to take some time to familiarize yourself with common home maintenance tasks before committing to buying anything. It always helps to have a fair idea of what you’re getting into.

4. You know what you’re looking for

Last but not least, though it may sound self-explanatory, when you’re trying to determine whether or not you’re ready to buy a home, it’s useful to have an idea of what you’re looking for.

You don’t have to have every single detail set in stone. (In fact, it’s preferable if you leave some room to flexibility in your home search.) That said, though, having a basic set of parameters in mind will make the homebuying process go much easier.

Here, you’ll want to think about the most important factors that you absolutely must have in a home. These will be the things that you would not feel comfortable buying a home without. This may include details like your preferred location, an ideal number of bedrooms and bathrooms, a target sale price, or any specific must-have features like that perfect picture window view.

If you have a strong idea of your must-haves and can’t see that changing in the near future, and the above signs sound like you, you may just be ready to take the plunge into home ownership. If not, there’s no shame in the game waiting.

 

This article originally appeared on OpenListings.

 

 

Don’t miss the final Alex Deacon Real Estate Workshop of 2018!!! We’ve opened up the room for extra seating due to our growing attendance. Click below to connect with Alex on MeetUp.com, network with nearly 600 other Real Estate Professionals, and RSVP to the November workshop!

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

28 Members Attending

We have done a few actual bus tours in the past but with the strong turnout I dont like to have to turn down folks due to the high volume of requests. Our next workshop in November we will do a virtual tour of some current and past projects and show you where to spend your money wisely and where you can and cant cut corners in order to stay profita…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

 

 

 

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Happy Halloween from everyone at Deacon Hoover Real Estate Advisors!

DHREA 31/10/2018

treatortrick

(We’re re-posting this blog from last week in case you missed it! Can’t be too safe with our little ones running around tonight! Happy Halloween!)

Let’s talk Trick or Treat safety! Halloween is an exciting time of year for kids, and to help ensure they have a safe holiday, here are some tips from the American Academy of Pediatrics (AAP):

ALL DRESSED UP:

  • Plan costumes that are bright and reflective. Make sure that shoes fit well and that costumes are short enough to prevent tripping, entanglement or contact with flame.
  • Consider adding reflective tape or striping to costumes and trick-or-treat bags for greater visibility.
  • Because masks can limit or block eyesight, consider non-toxic makeup and decorative hats as safer alternatives. Hats should fit properly to prevent them from sliding over eyes. Makeup should be tested ahead of time on a small patch of skin to ensure there are no unpleasant surprises on the big day.
  • When shopping for costumes, wigs and accessories look for and purchase those with a label clearly indicating they are flame resistant.
  • If a sword, cane, or stick is a part of your child’s costume, make sure it is not sharp or long. A child may be easily hurt by these accessories if he stumbles or trips.
  • Do not use decorative contact lenses without an eye examination and a prescription from an eye care professional. While the packaging on decorative lenses will often make claims such as “one size fits all,” or “no need to see an eye specialist,” obtaining decorative contact lenses without a prescription is both dangerous and illegal. This can cause pain, inflammation, and serious eye disorders and infections, which may lead to permanent vision loss.
  • Review with children how to call 9-1-1 (or their local emergency number) if they ever have an emergency or become lost.

CARVING A NICHE:

  • Small children should never carve pumpkins. Children can draw a face with markers. Then parents can do the cutting.
  • Consider using a flashlight or glow stick instead of a candle to light your pumpkin. If you do use a candle, a votive candle is safest.
  • Candlelit pumpkins should be placed on a sturdy table, away from curtains and other flammable objects, and not on a porch or any path where visitors may pass close by. They should never be left unattended.

HOME SAFE HOME:

  • To keep homes safe for visiting trick-or-treaters, parents should remove from the porch and front yard anything a child could trip over such as garden hoses, toys, bikes and lawn decorations.
  • Parents should check outdoor lights and replace burned-out bulbs.
  • Wet leaves or snow should be swept from sidewalks and steps.
  • Restrain pets so they do not inadvertently jump on or bite a trick-or-treater.

 ON THE TRICK-OR-TREAT TRAIL:

  • A parent or responsible adult should always accompany young children on their neighborhood rounds.
  • Obtain flashlights with fresh batteries for all children and their escorts.
  • If your older children are going alone, plan and review the route that is acceptable to you. Agree on a specific time when they should return home.
  • Only go to homes with a porch light on and never enter a home or car for a treat.
  • Because pedestrian injuries are the most common injuries to children on Halloween, remind Trick-or-Treaters:
    • Stay in a group and communicate where they will be going.
    • Remember reflective tape for costumes and trick-or-treat bags.
    • Carry a cellphone for quick communication.
    • Remain on well-lit streets and always use the sidewalk.
    • If no sidewalk is available, walk at the far edge of the roadway facing traffic.
    • Never cut across yards or use alleys.
    • Only cross the street as a group in established crosswalks (as recognized by local custom). Never cross between parked cars or out driveways.
    • Don’t assume the right of way. Motorists may have trouble seeing Trick-or-Treaters. Just because one car stops, doesn’t mean others will!
    • Law enforcement authorities should be notified immediately of any suspicious or unlawful activity.

HEALTHY HALLOWEEN:

  • A good meal prior to parties and trick-or-treating will discourage youngsters from filling up on Halloween treats.
  • Consider purchasing non-food treats for those who visit your home, such as coloring books or pens and pencils.
  • Wait until children are home to sort and check treats. Though tampering is rare, a responsible adult should closely examine all treats and throw away any spoiled, unwrapped or suspicious items.
  • Try to ration treats for the days and weeks following Halloween.

 

 

Don’t miss the final Alex Deacon Real Estate Workshop of 2018!!! We’ve opened up the room for extra seating due to our growing attendance. Click below to connect with Alex on MeetUp.com, network with nearly 600 other Real Estate Professionals, and RSVP to the November workshop!

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

20 Members Attending

We have done a few actual bus tours in the past but with the strong turnout I dont like to have to turn down folks due to the high volume of requests. Our next workshop in November we will do a virtual tour of some current and past projects and show you where to spend your money wisely and where you can and cant cut corners in order to stay profita…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

Read More

Avoid These Mistakes That Delay Closing Your Home Loan

DHREA 30/10/2018

(Every Tuesday we feature a blog from one of our fantastic affiliates, Tara Mortgage Services!)

 

Our goal is to get your home loan to close as quickly as possible –we know that when it comes to making an offer on your dream home, time is crucial. Did you know that you also play an essential role in making your loan close fast?

Here are the most common causes that delay home loan approval and closing:

#1: Missing Financial Details

We don’t need to know your entire financial history, but we will need to see every detail from the past two years. Don’t worry; we’ll let you know precisely what you need to provide, making sure that everything moves as quickly as possible.

#2: Leaving Out Documentation

The documentation needed for your loan may vary (and we’ll let you know what your loan calls for) but keep in mind that we’ll need the following:

  • Tax returns and W-2s from the past two years (or year-to-date financial statements for the self-employed)
  • Last month’s pay stubs
  • Two months of bank account statements
  • Copy of any transactions that exceed $1,000 Home insurance quote
  • Financial details of any other homes, businesses, or vehicles that you own
  • If anything significant pops up when we check your credit, we’ll need documentation for this as well.

#3: Mistaking Pre-Qualified For Approval

Pre-qualified requires minimal information from you. It’s a great way to get an idea of how much you can afford to buy, but it doesn’t mean that your loan is approved. Applying for a loan, getting approved for the loan, getting the underwriting approved are the additional steps that need to happen before your loan is approved and can take the step toward closing. Don’t let this discourage you! We take care of all the heavy lifting and make sure that it moves along quickly. All we need from you is to get the ball rolling by applying for a mortgage.

#4: Not Sharing Details Of The Offer With Us

When you buy a home, the purchase contract will layout certain financial milestones that we need to know about, such as by when your loan approval should be secured and how many days you have to close. If we miss any of these dates, not only will it delay your loan but it could cause you to lose the home!

#5 Making Big Changes to Your Finances or Career

Changing jobs, opening a new line of credit, making big purchases, or loaning your friend 3k to start up their business changes your financial portfolio. This means that adjustments must be made and you may not qualify for as much as you originally were quoted. The application process, essentially, needs to start over –delaying your home loan and delaying closing even more.

There are many more factors that could delay your home loan, things that are out of your control. Rest assured that we will be with you, ready for any surprises, minimizing any unnecessary delays.

Contact Tara Mortgage Services today to partner with a home loan specialist that has your best interest in mind!

 

 

ALEX DEACON’s NOVEMBER REAL ESTATE WORKSHOP HAS BEEN ANNOUNCED! CLICK BELOW FOR DETAILS, TO RSVP, AND TO CONNECT WITH NEARLY 600 REAL ESTATE PROFESSIONALS!

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

20 Members Attending

We have done a few actual bus tours in the past but with the strong turnout I dont like to have to turn down folks due to the high volume of requests. Our next workshop in November we will do a virtual tour of some current and past projects and show you where to spend your money wisely and where you can and cant cut corners in order to stay profita…

Check out this Meetup →

Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Tips for Ensuring a Smooth Move for Seniors!

DHREA 29/10/2018

 

Moving can be overwhelming for anyone, let alone some of our great seniors. Here’s some tips to make their move as easy as possible.

1. Communication and Choice

Seniors can be emotionally vested in the home they’re leaving, and it’s expected that there will be sadness and apprehension about the move. It can be a tough conversation to have with your aging parent, but give them time to grieve the change and talk about where they will be living and why they are moving, in order to help make the transition smoother. When seniors are asked to leave their longtime homes, a frequent cause of distress is their perceived loss of control, so give your loved one as much choice as possible as they plan and implement the move.

2. Plan Effectively

Before families begin the sorting and organizing process, it will help to have a visual of what they are getting into. What rooms need to be furnished? How many square feet is the new residence? Writing for AARP, Ann Goyer recommends plotting the floor plan of your loved one’s new home on graph paper, and suggests cutting out pieces to represent furniture.

3. Enlist Relatives

This will undoubtedly be a big job, so enlist help from your family. Encourage siblings or other close family members to take a few days off of work. Even children and younger members in the family can participate. Surrounding your senior parents with loved ones who are supportive and encouraging could help ease the emotional stress of moving as well.

4. Sort and Organize

Moving your elderly parents will involve downsizing. Go through the house item by item with your support team. You can categorize objects to make the process easier: items to be moved, keepsakes to be left with family, items to be sold or donated, and items to be thrown out. Don’t allow yourself to become a packing robot lacking feelings. Honor the emotional attachment to personal belongings and allow your senior parent to reminisce as you help sort out their possessions. Remember, these are not just things you’re moving; they’re memories. Also, be open to your own emotions, especially if this was your childhood home.

5. Clean and Repair

After the organizing and packing is complete, there is work that still needs to be done. Whether the house is going to be sold, rented or passed on to another relative — the general requirements are the same. The house should be cleaned, and they should consider making any required repairs now before any get worse. It’s better to take care of maintenance issues all at once rather than dealing with them later while the house is for sale (or after renters move in).

6. Plan the Moving Day

There are a few different strategies for moving your senior loved one into their new home. A full service mover is the easiest way to go, but also the most expensive. They will load everything, deliver to its destination and put things in place. We looked at quotes from movers and found the cost of moving the contents of a two bedroom home across the country exceeds $6,000.  Families can save some money on the move by using a self-service mover, which means their family will load the moving truck, but the cargo will be hauled by a professional mover.  Then there’s the do-it-yourself (DIY) option where you can rent a moving truck or trailer. But, even the DIY option of renting a U-Haul or Ryder is not cheap: a move from Atlanta to Los Angeles in a 26 foot truck could exceed $3,000 when you factor in gasoline.

Of course, each family’s circumstances are unique, so we’re hesitant to give blanket advice. However, I hope these tips help you better plan and execute your elder loved one’s next move!

 

 

ALEX DEACON’s NOVEMBER REAL ESTATE WORKSHOP HAS BEEN ANNOUNCED! CLICK BELOW FOR DETAILS, TO RSVP, AND TO CONNECT WITH NEARLY 600 REAL ESTATE PROFESSIONALS!

Virtual Bus Tour of Current and past rehabs

Saturday, Nov 10, 2018, 10:00 AM

Hampton Inn Bridgeville
150 Old Pond Rd Bridgeville, pa

19 Members Attending

We have done a few actual bus tours in the past but with the strong turnout I dont like to have to turn down folks due to the high volume of requests. Our next workshop in November we will do a virtual tour of some current and past projects and show you where to spend your money wisely and where you can and cant cut corners in order to stay profita…

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Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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Getting Ahead of Simple Winter Projects

DHREA 24/10/2018

doorhinge

Accomplishments, even little ones, go a long way toward a sunny outlook. Fortunately, there are plenty of easy, quick home repair chores you can do when you’re mired in the thick of winter. For max efficiency, make a to-do list ahead of time and shop for all the tools and supplies in one trip. On your work days, put the basics in a basket and carry it from room to room, checking off completed tasks as you speed through them.

What to Look (and Listen) For

In each room, look around and take stock of what needs fixing or improving. Focus on small, quick-hit changes, not major redos. Here are some likely suspects:

Sagging towel rack or wobbly toilet tissue holder.

Unscrew the fixture and look for the culprit. It’s probably a wimpy, push-in type plastic drywall anchor. Pull that out (or just poke it through the wall) and replace it with something more substantial.

Squeaky door hinges.

Eliminate squeaks by squirting a puff of powdered graphite alongside the pin where the hinge turns. If the door sticks, plane off a bit of the wood, then touch up the paint so the surgery isn’t noticeable.

Creaky floor boards.

They’ll shush if you fasten them down better. Anti-squeak repair kits feature specially designed screws that are easy to conceal. A low-cost alternative: Dust a little talcum powder into the seam where floorboards meet…the talcum acts as a lubricant to quiet boards that rub against each other.

Rusty shutoff valves.

Check under sinks and behind toilets for the shutoff valves on your water supply lines. These little-used valves may slowly rust in place over time, and might not work when you need them most. Keep them operating by putting a little machine oil or WD-40 on the handle shafts. Twist the handles back and forth to work the oil into the threads. If they won’t budge, give the oil a couple of hours to penetrate, and try again.

Blistered paint on shower ceilings.

This area gets a lot of heat and moisture that stresses paint finishes. Scrape off old paint and recoat, using a high-quality exterior-grade paint. Also, be sure everyone uses the bathroom vent when showering to help get rid of excess moisture.

Loose handles or hinges on furniture, cabinets, and doors.

You can probably fix these with a few quick turns of a screwdriver. But if a screw just spins in place, try making the hole fit the screw better by stuffing in a toothpick coated with glue, or switching to a larger screw.

Safety Items

You know those routine safety checks you keep meaning to do but never have the time? Now’s the time.

Carbon monoxide and smoke detectors.

If you don’t like waking up to the annoying chirp of smoke detector batteries as they wear down, do what many fire departments recommend and simply replace all of them at the same time once a year.

Ground-fault circuit interrupter (GFCI) outlets.

You’re supposed to test them once a month, but who does? Now’s a great time. You’ll find them around potentially wet areas…building codes specify GFCI outlets in bathrooms, kitchens, and for outdoor receptacles. Make sure the device trips and resets correctly. If you find a faulty outlet, replace it or get an electrician to do it for $75 to $100.

Exhaust filter for the kitchen stove.

By washing it to remove grease, you’ll increase the efficiency of your exhaust vent; plus, if a kitchen stove top fire breaks out, this will help keep the flames from spreading.

Clothes dryer vent.

Pull the dryer out from the wall, disconnect the vent pipe, and vacuum lint out of the pipe and the place where it connects to the machine. Also, wipe lint off your exterior dryer vent so the flap opens and closes easily. (You’ll need to go outside for that, but it’s quick.) Remember that vents clogged with old dryer lint are a leading cause of house fires.

Drain hoses.

Inspect your clothes washer, dishwasher, and ice maker. If you see any cracks or drips, replace the hose so you don’t come home to a flood one day.

Electrical cords.

Replace any that are brittle, cracked, or have damaged plugs. If you’re using extension cords, see if you can eliminate them. For example, replacing that too-short lamp cord with one that’s longer. If you don’t feel up to rewiring the lamp yourself, drop it off at a repair shop as you head out to shop for your repair materials. It might not be ready by the end of the day. But, hey, one half-done repair that you can’t check off is no big deal, right?

 

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Alex Deacon Real Estate Networking Workshops

Carnegie, PA
574 Members

Learn investing from a local expert with a vast amount of experience in the Pittsburgh market. Alex started investing in 1993. We will review hands on examples, analysis, and …

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Visit our affiliates!

MACE Property Management: www.PittsburghPropertyManagement.com

Tara Mortgage Services, LLC: www.Tara-MTG.net

HDH Settlement Services, LLC: www.HDHTitle.com

Burkhead Insurance Services: Burkhead.Insure

Bin There Dump That: www.PittsburghDumpsterRental.com

 

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