The House Inspection

The moment we decided to put our house on the market, we had a thorough clean-up and made easy fixes inside the house. We make sure that the moment the buyers walk-in, they could tell that they want this house. We de-clutter and I did the staging. I make sure that every room in the house is functional and squeaky clean.

The Inspection

As sellers, the thought of having to respond to the buyers request of inspection is daunting. Wise buyers need to have an inspection for protection of their expensive purchase. It is not advisable to just go on the big purchase without it and relying only with their ocular inspection. There might be a money pit hidden beyond those walls.

In total of 2 weeks, we received 5 offers and we accepted the highest offer with two requests, they wanted the outdoor grill that we have and they will have an inspection ASAP. Fair enough, we accepted the offer and sign the contract.

The inspection was smooth. It lasted about 2 hours. I was already thinking, the result was great. When we bought this house two years ago, our inspector took more than 4 hours inspecting the entire house. He gave us a long list what rooms need to work. Two major problems that needs instant fixes, gut the whole kitchen and add a new AC unit and duct work. We did that. Now, the inside of the house is fairly new.

We were confident that the inspection turns out great which, it did! We pass.

There was also a termite inspection, another company that the buyer hired. He came and gone in less than 30 minutes. Whewww ... we were so happy and relieved because we did not have a termite inspection before so; we pass again.

Oh, we can't wait to move.

Potential Home

I can't stop thinking about this property. The net amount from the house that we sold is enough to buy this huge property located in the ideal neighborhood (talking about the view minus the storm). It has 2,824 sq ft, with a good size swimming pool with a golf course view at the back. Truly awesome for the square footage and worth for the money. There's a catch though!

As you can see it, it is a brick home. I like it a lot! The yard is alright but, with a landscaping improvement, this will look appealing. The location is few blocks to the beach with easy access to a boat dock. The golf course is right on the backyard , how cool is that?

Anyone who loves fishing and boating, this is a great property to buy because the bayou is just 3 blocks away too. I saw this area 4 years ago and the place is really blessed with beautiful view by the water.

Vaulted ceiling which I love and it has a fireplace which tops hubby's wish-list. Nice floors right? I don't hate the paint colors on the wall but, that's an easy cosmetics to fix.

As I was trying to check this property in other listing company, I found out that this house in good condition is worth 4x the asking price. This is totally a bargain right now. This might look good but, behind that wall, it tells otherwise. The catch that I mentioned earlier? Though the location has a nice view, this area is within the flood zone and this is a fixer upper. Remember hurricane Katrina? This area was flooded. Therefore, this house has a flood damage especially in plumbing and electrical. Plus, insurance premium in flood zone area is ridiculously high! We cannot afford this house. This is a money pit for us.

 

Considering the "catch", if it is you, would you buy this property?

New Appliances

When we bought this house, the kitchen is outdated and nasty. We thought that we cannot pull the project in three days but, we did. We hired 3 carpenters and show the design of the kitchen. It was easy for them and we enjoyed our new kitchen after 3 days. Our kitchen has a combination of black and stainless steel appliances. We did not go to an Appliance House for we certainly do not have that here but, we bought all appliances from different home furnishing stores in our area. For more than two months of living in our new house, hubby and I are contended with our new home.

Fixed Rates or Adjustable Rates

We are anxious to hear the final good news about the property that we bid last month. The seller of the townhouse accepted our offer in less than a week and it made us so happy. But, since the property was listed as a short sale, the bank of the seller will have to approve on the sellers' price. This would mean one thing; the sellers' bank has the last say about the price of the property. We both love this townhouse because the building is new and the HOA is minimal. We are hoping that the bank can come up a decision soon.

Anyway, are you planning to buy a house soon? If you have a good credit, you will have no problem with any mortgage loan because lending institutions will definitely love to have you as their client. But if your credit is bad, do not despair. You will get approved too. The interest rate is not the same with those having a good credit but the good news, your mortgage application will not be turned down. Lending institutions offer fixed rates or adjustable rates so; make sure to set your goal to either pay lower amount for long years or pay it in few years' time.

A Proud Home Owner

When I was growing up, we moved from one apartment to another. We either rent the property or rent the land to build our house. I told myself, "this course has to end" and I will buy a house for my Mom. She is a single parent and she deserves a break. I found a job after graduation and in two years, I reached that dream of becoming a proud home owner.

Every month, I am paying a mortgage and my property is under a government home loan. I do not consider a refinancing option from any institution since my home loan is almost paid off. My husband and I owned two properties also and both are fully paid. We are aiming to buy another property as rental income but then again, as much as we can afford it, we plan to purchase the property in cash to avoid the monthly obligations.

Despite the properties that we have, I am still hoping to buy my dream home. Since it will be an expensive house, mortgage lenders are great option to consider. If I sign a mortgage for 30 years, it will benefit me as a buyer because the cash value of the money at present will always be less than the cash value in 30 years.

Anyway, if you want to buy a property, just do it now while the real estate business dive down rock bottom. This is the right moment to buy the property because there are so many properties listed as foreclosure and the price is really unbelievable. If you decide to have a mortgage payments, make sure that you can afford it or else, foreclosure may occur on your case too. Be a smart consumer and do not be a victim of loan fraud.

There are so many lending institutions out there who are willing to assist you in your home buying process. Aurora loan, a mortgage lender is one of them and is all set to help people like you who needed a home loan. If you want to buy a beautiful home, a lending institution will be your great option. If you have the time, you can check out their Website at MyAuroraLoan.com and take a moment to understand their process. They offer online banking too so you can access their site at the comfort of your home. Visit the Website now!

Home Mortgage Rate

The best time to buy your dream home is right NOW! Take advantage of the low interest rates and reasonable down payments. If you have a perfect credit score, you are always qualified for a mortgage loan and lending agencies will always welcome you with both arms.We just closed on a property that we bid two months ago and we are excited to make it as a property income. The search of buying a dream home did not come to an end yet. We are still on the verge of finding the right property at the right location with the right price that we can afford. To get the property that we want will rely solely with our credit scores too unless if we opt to buy it cash, which is not the case for right now. Anyway, if you find the property that you love, apply for a mortgage and decide if you can afford with fixed or adjustable rate. Get your Free quote now!

Credit History

Did you know that here in the US, credit history is very relevant in every aspect of your life? If you mess up with your credit, you can't rent an apartment, you can't get a car, sometimes you can't have a utility account and certainly they can't trust you. You need to straighten your credit history before you can enjoy all these again. Are you planning to own a house but has no cash to finance it? You can try to get a home mortgage for a fix rate or depending on how long you want to pay it. As long as you have the best credit score, your doors for offers are everywhere. Make sure that when you use your credit card, you did not overspend so that your credit score will be a positive. The more responsible you are, the more trustworthy you are in the eyes of lenders. Start building your credit score now!