“Being a single mom of three and starting over wasn’t on my agenda, but my ultimate goal was to have my own house. My mortgage lender told me ‘no’ for three years due to credit issues. Finally Lynn told me to go look! Purchasing MY home was the best feeling ever. It discounted all negative thoughts from myself and others. Get what's yours. Home is where the heart is!” --Mary Thoreson
This is the exciting part! Now you know for sure that the underwriter has approved you, based on meeting the conditions listed on the approval. Work quickly with your lender and processor to get those conditions in as soon as possible. Be aware that when you send conditions in, the underwriter may need further clarification, so be ready to send more until you hear that everything has been signed off.
The sales price will be higher in a major city versus in the suburbs. Good schools and access to major stores and attractions also raise desirability. Many are finding they need to stretch their search to find homes in their price range. Get the best home you can afford, in the best location, at a price you can comfortably manage.
If there are any concerns with your loan approval, I highly advise that you ask your lender to submit your file for a fully underwritten credit approval. This gives everyone peace of mind that both the loan consultant and underwriter have reviewed your information. If you are self-employed, have multiple streams of income or have had a few job gaps in the last few years, definitely get the full credit approval.
Getting a mortgage can change lives. I see it over and over. I remember how much my husband and I wanted to own our own home, and I bring that feeling with me to every loan I handle. I hope these 100 Lessons inspire you and take the fear out of mortgages, whether it’s your first home, or the first home on your own!
Create a master suite that feels like a private oasis. Use bedding with a bold but elegant pattern and add accent pillows in a restful color like blue or green. Carry this color into the bath with new, fluffy towels, a few elegant accents on the counter, and some white orchids. Complete the retreat with a tea-for-two tray on the bed and soft music. See more master bedroom retreats and spas.
There should be no sign that work actually happens in this kitchen! First, clear EVERYTHING off the counters. To make it easier to live in the staged kitchen, I like to create vignettes of items on trays which can easily be moved when it’s time to cook dinner. My go-to kitchen trays include an Italian-themed, high-end pasta tray and a French press coffee tray. See more kitchen trays.
I had a listing that was in foreclosure. It needed a new roof, windows, flooring and electrical panel, and had rodents in the crawl space. The seller did not have any financial resources, but he was able to get friends to help him paint and clean. I then staged it to the max and generated a bidding war. We got nineteen offers and sold for $25,000 over list price. See more fixer-uppers.
Most staging companies in the greater Seattle area only stage vacant homes and will not bring their inventory into a home that is occupied, especially if there are kids and pets in the home. You can usually book a consultation with the stager for an hour or two to give you advice, or your broker may be like me and do their own staging or be able to recommend the two or three staging companies that still do occupied homes.
First, do the basics. For the home to be financeable for the largest number of buyers possible, including FHA and VA buyers, the most important repairs are a sound roof, fixing safety issues and no peeling paint. The next priority is to fix obvious problems that may scare buyers away (plumbing or electrical problems) and make sure all your systems are in working order.