Thursday, December 16, 2021 / by Steve Ticknor
In the past, homebuyers could visit a lender, answer a few questions, and get a rough idea about what they would qualify for in a home loan. That was enough to start their home search. However, nowadays, buyers need to include a pre-approval letter with their offer. And in a seller's market like Lake Havasu's, you may only have a few days to find a property and put in an offer before someone else snatches it up. Therefore, we at the Sunstone Real Estate Group highly recommend that you make an appointment with your lender before you start looking for your new Havasu home.
Why Loan Pre-Approval is Important to Your Havasu Home Search
Pre-Qualification vs Pre-Approval
It might help you understand why pre-approval is preferred over pre-qualification if you know the difference between the two. Pre-qualification takes just a few minutes. The lender asks you about your income, employment, and if you have any assets among other things. Then, they may perform a "soft credit check" to see . ...
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lake havasu real estate, home buying tips, home mortgage info
Friday, December 3, 2021 / by Steve Ticknor
Sunstone Real Estate Group at Coldwell Banker Realty, Lake Havasu City, AZ
Originally posted on our Lake Havasu real estate blog here: https://www.sunstonerp.com/lake-havasu-market-report-nov-2021/.
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lake havasu real estate, lake havasu home sales, lake havasu housing inventory, lake havasu housing market, lake havasu market report, lake havasu home sale prices
Thursday, November 18, 2021 / by Steve Ticknor
Buying a home while simultaneously trying to sell your home sometimes comes down to timing. In a seller's market (like here in Lake Havasu), you may sell your home quickly. But finding a new home among the limited inventory available may take a little time. Plus, you might need to use the equity from your Havasu home sale to purchase a new property. In that case, you might want to include a rent-back agreement in your sales contract.
How a Rent-Back Agreement Can Help a Home Seller
What Is It?
A rent-back agreement is exactly what it sounds like. This agreement allows the seller to rent the home from the new owner for a specified period of time and amount of money per month. It also allows the seller to stay in the home while they look for a new one. Plus, it avoids the hassle of moving twice: into a rental property when you sell and then into your new home when you buy. Instead of finding a temporary home while you look for a new one, you pay the new owner a monthly fee (plus a . ...
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lake havasu real estate, home selling tips, rent-back agreement
Thursday, November 11, 2021 / by Steve Ticknor
Sunstone Real Estate Group at Coldwell Banker Realty, Lake Havasu City, AZ
Originally posted on our Lake Havasu real estate blog here: https://www.sunstonerp.com/lake-havasu-market-report-oct-2021/.
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lake havasu real estate, lake havasu home sales, lake havasu housing inventory, lake havasu housing market, lake havasu market report, lake havasu home sale prices
Thursday, October 28, 2021 / by Steve Ticknor
Sellers want to make their homes look their best. In doing so, they may use smoke and mirrors to mask problems from potential buyers. Whether you look at new construction or older homes, first-time buyers as well as seasoned home buyers need to keep an eye out for these warning signs when buying a Havasu home.
Warning Signs for the Home Buyer
Heavy Scents
Scents can help sell homes (think about the smell of baking cookies or spices boiling on the stove). But, if you see candles, wax warmers, and plug-ins in every room giving off a heavy scent, these could be warning signs that the seller wants to cover up some nasty smells. And those smells will be there for you to deal with once you take ownership of the property.
Bad Tiling Job
Check out the backsplash and tiles in the kitchen and bathroom. Look for crooked, uneven, or wide gaps in between tiles. In new construction, this may indicate poor craftsmanship. In existing homes, it could mean a bad DIY job. And that may mean spendin. ...
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lake havasu real estate, home buying tips, warning signs for home buyers
