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No Down Payment? No Problem. You Can Buy A House With A Down Payment of $0

Most potential homeowners believe that in order to purchase a home they’ll need to come up with at least 20% for the down payment. And with the median price of homes in the US at $240,900, that’s a whopping $48,000. For many, coming up with that kind of cash just isn’t possible.

But while you traditionally needed a substantial down payment in order to secure a loan, today there are plenty of ways to become a homeowner—even if you haven’t saved a penny for a down payment.

In a recent video, the team at Realtor.com break down a few options available for potential buyers looking to buy a home without a substantial down payment. One option is a mortgage from the US Department of Agriculture’s Rural Development office, which provides 0% down payment mortgages to buyers in towns with populations of 10,000 or less (which covers 97% of the US!). Other options include mortgages from credit unions, VA loans, and down payment assistance programs. In addition to the options outlined in the video, nontraditional lending options like FHA loans are also a great way to purchase a home without breaking the bank with a down payment.

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An Open Letter from an Agent to Anyone Considering Selling Their Home

So you’re thinking about selling your home? I realize you didn’t arrive at this decision lightly, and that you might be nervous or scared. There are so many things that are probably going through your head right now. I’d like to help you by offering some advice, and hopefully putting your mind at ease.

First, do some research.
It’s important for you to understand how much money you can expect to get for your home. We need to be realistic. Unfortunately, checking online sites like Zillow or Trulia isn’t going to give you the most accurate picture of your home’s value. This is why it’s important to sit down with a real estate agent that understands the market and will give you a realistic home value estimate by comparing similar properties that have recently sold in your area.

This meme is pretty funny (and rather sarcastic)… but at the same time, it illustrates a painful reality.

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Discuss your situation.
Discussing your situation with a real estate agent will also help you identify any other aspects of the transaction that you might be forgetting. For instance, there might be something glaringly obvious that could get in the way of a smooth home inspection that you might not be considering… or, on the other hand, a unique feature that your home might have which could help maximize its value. Also, discussing the process with an agent will help you understand how much money you can expect to walk away with after the closing.

Considering braving it alone?
If you’re considering selling your home without an agent, remember that you’re doing so at your own risk. There are quite a few things that can go wrong (many of them legal) which an agent is trained and perfectly set up to handle. Also, do you really want to deal with random strangers showing up at random times throughout the day, wondering whether they’re even qualified to buy a house or if they’re just bored and looking for something to do?

Or said a different way…

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Let an agent worry about these things; you’ll thank yourself later.

Pick the right agent.
Working with the right person can mean the difference between a smooth transaction and a less-than-memorable experience. How do you pick the right one?

First, make sure you feel comfortable with the person. You might spend a lot of time with them, so it’s important that you have a rapport.

Secondly, if the agent is giving you some inconvenient feedback or information, don’t dismiss them. The best agents will tell you the truth because they understand that setting the right expectations is more important than promising you the world.

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Remember, if it sounds too good to be true, it probably is. Lastly, ask as many questions as you need to until you feel comfortable with your level of understanding. The right agent will be patient with you and will understand just how big of a deal this is.

Don’t stress!
This might be easier said than done, but try to keep things in perspective. Your home is probably your most valuable asset and the most consequential transaction that you’ll ever work on. But people buy and sell their homes every day, and there’s a very comprehensive system in place that helps facilitate those transactions. Your agent will help guide you through the process and will help you feel at ease. Remember, you’re not the first and you won’t be the last person to feel the stress.

Expect the unexpected.
It would be lovely if I could promise you that everything will go perfectly smooth, but it rarely does. Obstacles almost always come up during a real estate transaction, but that doesn’t mean you should pull your hair out worrying. Agents know there will be bumps in the road, and they’ll also know how to get over them and get your home sold with as little stress for you as possible.

So don’t stress, be realistic, find the right agent to help, and remember that small hiccups are just part of the transaction.

And by the way, feel free to give me a call. 🙂

I’ve created a free guide to help my clients properly prepare their house for sale. If you’re thinking about selling your starter home in the near future (or ever…), grab a copy!  How To Prepare Your House For Sale

Eliminate Pet Odors in Your Home

Eliminate Pet Odors In Your Home

Eliminating bad odors from your home is incredibly important, you want to make sure you’ve removed them before putting it on the market. Often times, the first thing buyers notice upon entering your home, is how it smells. If there is an odd odor, it will instantly put them off. No matter how beautifully staged and presented it is, strong odors or stale air can make your home unappealing to prospective buyers. Opening windows and exhaust fans will only go so far in removing foul odors, but won’t generally eliminate it completely. To ensure you don’t lose potential buyers, follow these odor eliminating tips to ensure your home smells and feels fresh and new.

Don’t Use Artificial Freshening Sprays
Don’t make the mistake of spraying artificial room freshener sprays in hopes that it will remove the bad odor. Deodorizers will quickly fade, and only mask the smell, sometimes in an overwhelming way. If a buyer walks into your home, your air freshener can cause a reaction, like a runny nose or a headache, and will make them suspicious of an underlying foul odor. Instead of trying to mask it, locate the actual source of the bad odor and get rid of it.

Best Pet Carpet Cleaners for Accidents
We all love our furry friends, but unfortunately, they can get your home pretty smelly. Whether the smell is on the carpet, furniture, or even on the walls – it’s essential to have it removed. Most odors stem from accidents. You always want to attend to the accident right away. Blot them with a paper towel and use mild dishwashing liquid to help remove the odor. Once completely cleaned, blot again with fresh paper towels to dry the spot. If the accident is not recent, use an enzyme cleaner to eat the bad bacteria. Another great idea is to use activated charcoal. It is a form of carbon that has been activated to make it extremely porous. You can get activated charcoal meant for pet odors at most pet stores.

Green Cleaning Products
Using natural odor eliminators is a great green alternative to most of the chemicals sold at stores. One of the most recommended products is to use baking soda. You can place an open box of it in a room to help absorb unwanted smells. It also helps to remove musty aroma in dark spaces, like a basement. On top of being used to remove pet odors, it also works great for cigarette smells. If you don’t wish to use baking soda, most pet supply stores will have green cleaning products that help remove odors, while still being safe for your household.

I’ve created a free guide to help my clients properly prepare their house for sale. If you’re thinking about selling your starter home in the near future (or ever…), grab a copy!  How To Prepare Your House For Sale