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Home Buying Tips | Coldwell Banker Realty Blog

Wednesday, November 23, 2022   /   by Steve Ticknor

Hiring the Right Real Estate Agent

Whether you wish to buy a home or need to sell one, you need a good agent by your side. Their knowledge and expertise help guide you through every step of the way. With over 120 offices and more than 470 active agents in Lake Havasu City alone, how do you know you are hiring the right real estate agent to handle your transaction?
Hiring the Right Real Estate Agent
Determine Your Priorities
Decide what you really want in an agent. Do you need daily updates or would you prefer less communication? How would you prefer your agent to contact you? Text? Email? Face-to-face? Is experience more important to you than a huge amount of sales? Or vice versa? Do you only want to deal with your agent when it comes to your real estate transaction or are you OK with talking to their team? (Most agents come with a team that helps them with different aspects of the deal.) Decide what you need to feel safe and secure throughout the process and find the agent that fits those parameters.
Get Referrals
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  lake havasu real estate, home buying tips, home selling tips

Thursday, October 27, 2022   /   by Steve Ticknor

Is an Adjustable-Rate Mortgage a Good Option for Me?

For the past few years, interest rates hit historical lows. Unfortunately, that is no longer case. We keep seeing rates go up, up, and UP! With the lower rates, financial experts suggested that a fixed-rate mortgage was the better option for home buyers. However, that may no longer be the case. How do you know whether to choose a fixed-rate (FRM) or an adjustable-rate mortgage (ARM) when it comes to your home loan options?

Adjustable-Rate Mortgage for the Home Buyer
How Does an ARM Work?
Unlike fixed-rate mortgage loans, the interest rate on an adjustable-rate mortgage fluctuates over time. Initially, it starts out lower than a fixed-rate mortgage. For example, Freddie Mac shows the average 30-year FRM at 7.08% as of the writing of this post. However, they show the ARM at 5.96%. On a $400,000 mortgage, that means a difference of almost $300 a month ($3600 in the first year). But this will not always be the case. The rate may go up or down.
For a set period of time (usually the fi. ...

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

Thursday, September 22, 2022   /   by Steve Ticknor

Watch Out for These Real Estate Scams

As long as money has changed hands for real estate, there have been con men ready to take advantage. In the late 1800s, George C Parker "sold" the Brooklyn Bridge (among other landmarks)...several times. In 1925, Charles Ponzi promised outrageous returns in a short amount of time for investors in what turned out to be Florida swampland. Thus, the origin of the "Ponzi scheme" was born. Unfortunately, real estate scams continue today. And the scammers get more and more creative as technology changes. Whether you rent, own, buy or sell a piece of property, beware of these common scams so you do not fall victim to them.

Watch Out for These Real Estate Scams
Renters Beware
You may have heard the saying "if it's too good to be true, it probably is". That seems especially true with rental properties. As rents rise, so do rental scams. If you see ads for a nice property in a great neighborhood priced well below the going rental rate, beware. Or if the "landlord" requests a deposit before . ...

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  lake havasu real estate, home buying tips, home selling tips, real estate scams

Thursday, September 15, 2022   /   by Steve Ticknor

Must-Have Tools for the Lake Havasu Homeowner

When you own your home, things are going to break. Now that you are a Lake Havasu homeowner, you can no longer call the landlord to take care of these issues. So, unless you want to spend your money on visits from a neighborhood handyman, you’re going to need to fix at least some of them yourself. Fortunately, YouTube offers a "how to" video on just about every household chore you need to tackle. Luckily, you don’t need an arsenal of tools to handle most home maintenance fixes. These five tools should cover most of a Lake Havasu homeowner's basic projects.
Must-Have Tools for the Lake Havasu Homeowner
Cordless Drill
A cordless drill is a must-have for installing cabinets, drawer pulls, hinges, picture frames, shelves and hooks, and more. Whether it’s for do-it-yourself projects or repairs, you’ll use your cordless drill just about every month. Just make sure to place it back on its charging station when done so it will be ready to go for that next project.
D. ...

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  lake havasu real estate, home buying tips, havasu homeowners

Thursday, August 4, 2022   /   by Steve Ticknor

Common Contingencies a Home Buyer May Ask For

You searched and searched the Lake Havasu real estate market and finally found a home you love. Now, you must put together your offer to present to the buyer. In it, you might want to include a contingency or two (conditions of sale) to protect yourself in case something goes wrong. If the contingencies in the sales agreement are not met by the close of escrow, you can cancel the sale and get your earnest money deposit back. But you do not want to overwhelm a seller with too many of these conditions. Otherwise, they might not accept your offer. Here are a few common contingencies home buyers ask for (and many sellers expect to see).
Common Contingencies a Home Buyer May Ask For
Home Inspection
No responsible professional would ever suggest waiving a home inspection. This allows the buyer the chance to hire a third-party (unrelated to the seller) to examine the household for potential issues (mold, pests, water damage, etc.). Even with a newly constructed home, you should consider hi. ...

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  lake havasu real estate, home buying tips, common contingencies

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

Copyright 2023 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, non-commercial use, and 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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