Thursday, May 26, 2022 / by Steve Ticknor
A few weeks back, we talked about what it costs home sellers to sell their Lake Havasu properties. Purchasing a home also comes with expenses (obviously). In fact, this is arguably one of the biggest financial decisions you will make in your lifetime. As you start your hunt, don't forget there will be other costs associated with your purchase other than the price of the home. Here are five fees to keep in mind when buying a home in Lake Havasu.
Hidden Fees to Be Aware of When Buying a Home
This is a crucial step in the home buying process. The findings that come from the inspection can help you negotiate price and repairs. Generally, you can expect to pay between $240 to $580 depending on the size of the home and the location. According to Home Blue, you pay anywhere from $240 to $340 for a 2000 sq ft home.
Title services encompass the transfer of the title from the seller and a thorough search of the property’s records to ensure to no one w. ...
Thursday, April 28, 2022 / by Steve Ticknor
Hunting for a new home online is a great place to start your Lake Havasu home search. In fact, according to Statista, 93% of homebuyers in 2018 (the latest statistics available) began their house hunting online. But it should not be your end all be all. Good listing agents are excellent at highlighting the best features of a home. However, keep in mind that there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture of home listings online, keep the following three things in mind.
Top Tips for House Hunting Online
Stay Up to Date
When you start your house hunting online, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS). This is where real estate agents actively post their most current homes for sale. Many online resources update less often or fail to remove listings that are off the market. This makes it more difficult to sort through the clutter.
Pictures Can be Dec. ...
Thursday, February 24, 2022 / by Steve Ticknor
Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the best possible deal for your money. So, what should you negotiate when buying a Lake Havasu home?
What to Negotiate When Buying a Havasu House
The closing costs of your Lake Havasu home are determined by a variety of factors, but you can expect it to be between 2% to 5% of the purchase price. Ask the seller to cover some or all of the closing costs upfront or request a closing credit that can be used to make specific updates and fixes to the home.
Love how the seller has furnished and decorated the home? Buyers often negotiate keeping couches, fixtures, landscaping items, patio furniture, appliances, and more. And many sellers agree, wanting to make the home more appealing.
Inspection and Closing Timing
Buyer offers that include a quick inspection and close tim. ...
Thursday, February 17, 2022 / by Steve Ticknor
You’ve found your dream Havasu home and now it’s time to cross all your T's and dot all your I's before it’s all your own. One of the first items on your closing checklist is the home appraisal. So, what exactly is that?
Your Guide to Your Home Appraisal in Lake Havasu
The home appraisal is essentially a value assessment of your Lake Havasu home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately.
What Happens During an Appraisal?
During a home appraisal, the appraiser conducts a complete visual inspection of the interior and exterior of the home. He or she factors in a variety of things, including the home’s floor plan functionality, condition, location, school district, fixtures, lot size, and more. An upward adjustment is generally made if the home has a deck, a view, or a large yard. The appraiser will also compare the home to several similar homes that were sold within the last six m. ...
Thursday, January 13, 2022 / by Steve Ticknor
Even with the price of a Lake Havasu home on the rise, it is possible for single people (including those with children) to buy a home today. While many people depend on a dual income for their lifestyle, some people do not have this luxury. If you fall in this category and wish to buy a Havasu property this year, consider these mortgage tips for the single homebuyer.
Mortgage Tips That Help the Single Homebuyer
Include ALL Income
First of all, make sure you include all of your income when applying for a mortgage. That means what you earn from your job as well as any bonuses, commissions, alimony, long-term disability, social security, retirement, pension, and/or trust income. For single homebuyers with children, include any child support you receive as well as tax credits. You provide the sole income for this loan. Therefore, you need to show lenders all of the income you receive to establish your ability to repay the loan.
Aim for a 25% Mortgage Payment-to-Income Ratio
With no Z ...