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Home Buying Tips | Coldwell Banker Realty Blog

Sunday, June 9, 2024   /   by Steve Ticknor

New Homeowner Tips: What You Should Focus on First

Congratulations on buying a Lake Havasu home. This very well may be the biggest financial decision you make in your life. As a new homeowner, there are a few very important areas you need to focus on right away.
New Homeowner Tips: What You Should Focus on First
Warranty Time
If the seller did not offer a home warranty when you purchased your property, you might want to consider buying one yourself. A standard home warranty covers the major systems of a home (electrical, plumbing, appliances, HVAC, etc.). Most warranties last for one year. This takes the stress off worrying about whether or not you need to shell out thousands of dollars if one of these systems breaks on you during this time. A warranty may prove worthwhile even if you purchase a brand-new home.
Change Out Your Locks
Another quick yet effective tip for new homeowners is to change the locks on your exterior doors. Even though the old homeowner handed over the keys at signing, for your safety and the safety of your fZ ...

  lake havasu real estate, home buying tips, havasu homeowners

Monday, May 20, 2024   /   by Steve Ticknor

Pre-Approval vs Pre-Underwriting: What Home Buyers Need to Know

Typically, the Lake Havasu real estate market heats up in the springtime. It usually hits its peak in May. That means that the hottest time for home sales is right now. If a new Havasu home fits into your plans right now, you should definitely think about finances first. While pre-qualification was enough in the past, most sellers won't even consider an offer without a pre-approval letter. Even better, you might want to think about going the extra step to pre-underwriting. What's that? Let me explain.
Pre-Approval vs Pre-Underwriting: What Home Buyers Need to Know
Pre-Approval
The pre-qualification process takes a few minutes with your lender. They ask you a couple of questions about your monthly income, your monthly debt load (approximately), and what you expect to put down. This gives them a rough estimate about what you might qualify for with a mortgage loan. The pre-approval process takes longer. First, they expect you to provide your financial documents (ie W2s, paycheck stubs,Z ...

  lake havasu real estate, home buying tips

Sunday, February 25, 2024   /   by Steve Ticknor

How Bankruptcy Affects a Home Buyer

According to the US Court website, more than 430,000 people filed for bankruptcy last year. The decision to do so brings many emotions along with it: shame, embarrassment, depression, anger. It also affects your finances for several years afterward. If you want to buy a Lake Havasu home, how does it affect your chances? Will you ever be able to buy one again?


How Bankruptcy Affects a Home Buyer

Will I Ever Be Able to Buy a Home?

First, let's answer the big question. Will you ever be able to buy another home again? Short answer? Yes. It takes a little time and some discipline. But you can become a homeowner down the road.

How Long Do I Need to Wait?

Typically, it takes anywhere from seven to ten years for a bankruptcy to come off your credit report after a discharge. A discharge is when the court officially releases you from responsibility for the debt included in your filing. Fortunately, you don't usually have to wait that long before you are considered creditworthy eZ ...

  lake havasu real estate, home buying tips, home mortgage info

Sunday, December 17, 2023   /   by Steve Ticknor

Why Right Now May be the Right Time to Buy a Home

In just 10 days, we bid our final adieu to 2023. The busiest time of year to buy a Havasu home tends to be in late spring/early summer. But that does not mean that you should wait until then to look for your next property. Find out why the right time to buy a home in Lake Havasu may be right now.
Why Right Now May Be the Right Time to Buy a Home
Home Sellers are REALLY Motivated
First of all, as the year comes to a close, sellers tend to become more and more motivated to close a deal. That puts more bargaining power in your pocket. Make sure you talk over terms with your Havasu real estate agent before making an offer.
Less Competition
Next, as many people focus their attention on the holidays, they tend to put any plans of home buying on the back burner. That means less competition for you. Less competition also translates to more negotiating power when it comes time to make a deal.
Mortgage Rates Are on the Decline
Mortgage rates for a 30-year fixed-rate loan have been above 7Z ...

  lake havasu real estate, home buying tips

Sunday, July 9, 2023   /   by Steve Ticknor

Real Cost of Buying a Home

You scrimp and you save for months...maybe even years...to buy a home. Finally, the time feels right. You're ready to dig in your heels and start looking. You prepared yourself for some of the basic expenses. But did you ever stop to think about the real cost of buying a Lake Havasu home? Hint: there's more to it than a down payment.
The Real Cost of Buying a Home
Before You Buy
Down Payment - Of course. This is probably the first thing you thought of when I talked about "cost". Unless you pay all cash or are a veteran using a VA loan to purchase your property, you need to come up with a down payment. FHA loans require at least 3.5% down. On a $500,000 home, that means $17,500 at the very least. But that is only the first in a long line of actual costs.
Closing Costs - Closing costs are the fees for services required to complete the sale of your home. They include prorated HOA and property taxes, title search, loan origination, appraisal, credit check, and sales tax, among others.Z ...

  lake havasu real estate, home buying tips, havasu homeowners

Coldwell Banker Realty
Steve Ticknor And Bob Ulery
2148 McCulloch Blvd N #105
Lake Havasu City, 86403
928-302-6177

Copyright 2024 WARDEX Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but not guaranteed. This data is provided by the Western Arizona REALTOR Data Exchange, Inc.
IDX information is provided exclusively for consumers’ personal and non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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