Sibcy Cline Super Open House Weekend: May 18 and 19, 2019

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Sibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on May 18 and 19, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

It’s spring and a great time to sell and buy a home. Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

Five Tips for First-Time Home Buyers

Spring is here and that means many first-time buyers are looking to enter the market. Having the ability to get through that process with as little stress as possible is critical – especially in highly competitive real estate markets.

Here are five tips to help first-timers better navigate the real estate sales process without a lot of stress, confusion or hiccups:

1) Work with a Qualified Real Estate Professional
First-time buyers are advised to work with a real estate agent. There are about a million things that can pop up in the course of the search for a home and, even after a deal is agreed upon, the negotiation and closing processes need the assistance of a real estate agent. Having an agent to answer questions or concerns as they develop is an absolute must.

2) Get Pre-Approved
When trying to buy a home, one of the most difficult things for first-time buyers is finding a budget that works for them and their unique financial situations, and actually sticking to it. When buyers fall in love with a particular home, it can be easy to bid aggressively and end up agreeing to a price they might not actually be able to afford.

This is a big reason getting pre-approved for a mortgage is so important: A lender will let you know roughly how much credit will be extended to you, and that should serve as the ceiling for what you can afford. As an added bonus, borrowers will also be able to expedite the sales process once pre-approved.

3) Narrow the Search
With the help of your real estate agent and a budget in mind, first-timers will have a much easier time finding homes they’re interested in and really focusing on which home features are best for them based on their needs. Honing in on specific features within a certain price range can help reduce the number of open houses and showings you need to attend.

4) Look Beyond the Asking Price
In addition to the expense of buying the house itself, first-timers would be wise to remember the other costs associated with homeownership, according to DaveRamsey.com. Adding in expenses like electric and heating bills, homeowners insurance and the cost of making the small home repairs is a must when it comes to determining how much house you can truly afford.

5) It’s More Than the House
Finally, it’s also important to consider future plans. If first-time buyers think they will be looking to trade up for a bigger house in the next five years, that’s something to discuss with an agent. Home buyers also need to do their research about things that matter to them: local amenities, proximity to the highway, schools and other important items.

Start looking for homes here!

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers.  To learn more click www.hmsnational.com.

 

 

Sibcy Cline Super Open House Weekend: April 6 and 7, 2019

Sibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on April 6 and 7, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

It’s spring and a great time to sell and buy a home. Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

Sibcy Cline Super Open House Weekend: March 16–17, 2019

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Sibcy Cline agents are holding a Sibcy Cline Super Open House Weekend on March 16–17, 2019. There will be lots of great homes to see throughout Cincinnati and Dayton, Ohio; Northern Kentucky; and Southeastern Indiana.

Look at homes for sale.

It’s a great time to sell and buy a home. Mortgage interest rates remain low. Home values are rising. Now may be the right time for you to sell your old home and find a new one to meet your needs. Talk to your Sibcy Cline agent!

Avoid these Seven Credit Mistakes before Applying for a Mortgage Loan

Home on a Stack of CashCredit history is an important factor when applying for a mortgage loan. Your FICO® score (a measure of consumer credit risk) plays an important role in your mortgage’s loan terms.

Your goal is to have a high FICO® score (700+) to achieve a lower interest rate loan. The higher your score, the lower your rate will be.  (Note: People do qualify for mortgage loans with lower scores.)

If your score is not in a higher range, you can work on boosting it higher by responsibly managing your credit over time.

Here are seven things to avoid with your credit before applying for a mortgage loan so that your FICO® score is as high as possible.

1–Not Checking Your Credit

Mistakes can occur on credit history that can affect a FICO® score. It is important to check your credit report to ensure it is accurate. There are three major U.S. credit bureaus to check: Equifax, Experian and TransUnion. If you do find mistakes, you can dispute any errors and get them fixed. Be sure to check first with your loan officer before disputing items as this can sometimes have a negative affect on your credit.

2–Applying for Credit

When you apply for credit there will be an inquiry on your credit report. This new credit application can cause a small dip in a FICO® score.  If you have a “hard” inquiry – meaning you have applied for credit or a loan, the issuer of that credit or loan will pull a report (that you have authorized) on your credit history. If your score is on the edge, this could cause you to then qualify for a mortgage loan at a higher interest rate. (Inquiries will remain on your report for two years, but FICO® scores only count for the past 12 months.)

3–Over-Using Current Credit Cards

Mortgage lenders look at debt-to-income ratios and this will include outstanding credit card balances. If you have a large monthly credit card balance, you might not receive the lower mortgage interest rate. The good news is that over-using your credit cards does not have a long-term impact on your FICO® score.

4–Falling Behind on Payments

Late payments will lower your credit score. Always be current on all of your accounts.

5–Consolidating Credit

If you move outstanding credit balances, your new credit card could appear to have too high of a ratio of debt. Your goal is to keep the balance on all credit cards as low as possible.

6–Making Large Cash Purchases

Part of your loan approval will be verification of cash in the bank. If you use this cash for a large purchase, it will lower your reserves and impact your  score and loan approval.

7–Making Large Deposits

All deposits need to be documented and accounted for. You will need to explain where the money came from.

Need help applying for a mortgage? Contact Sibcy Cline Mortgage Services. Our loan officers can guide you through the entire mortgage process.

Sibcy Cline Super Open House Weekend is November 3 and 4, 2018

Super Open HouseSibcy Cline Realtors is hosting a Super Open House Weekend on November 3 and 4, 2018.  There will be some great homes for sale held open for public viewing. Look at homes for sale here.

The weather outlook is positive for Saturday and Sunday with little chance of rain. The Bengals are not playing a football game on Sunday – it’s their BYE week. It’s going to be a super time to look at some homes for sale and BUY one!

What to Look For When Buying a Home this Fall

If you are looking to purchase a home during the fall season, it’s always best to consult with your real estate agent for advise on the best ways to maximize negotiating power. In today’s real estate market, bidding wars can be common despite the usual seasonal slowdown in real estate sales activity in autumn.

Be Financially Prepared
Home buyers need to understand the current status of the real estate market and how fast-paced it is currently. Someone with a low credit score or the inability to make a down payment may find it more difficult become pre-approved for a mortgage. Additionally, understanding the current market main mean making a fast decision for an offer to purchase a home.

Is This the Right Home in the Right Place at the Right Price?
Sometimes would-be buyers are all too eager to make a home purchase without actually considering the condition of that local market. They are willing to make too many compromises on what they’re looking for just in hopes of buying sooner than later. There isn’t necessarily anything wrong with that approach, but it’s important for buyers to think about whether their new homes fit their long-term living plans.

Buyers should seek advice from their agents about local market shifts and trends to make better informed decisions as well as consider how long to plan on owning that home before thinking of moving again.

Strike When It’s Wise
Home buyers should keep in mind why autumn is such a buyer-friendly season in the first place. While competition is still considerable because of existing market conditions, the number of people looking at homes does decrease, making purchasing a home a bit easier. Sellers who have had their homes on the market since the start of spring may be more motivated to make a deal than they were in the summer.

Look at homes for sale here.

Brought to you by HMS Home Warranty.  HMS is an industry leader with over 30 years of creating success for clients and providing peace of mind for customers. To learn more click www.hmsnational.com