Lorie Farley Real Estate

First Impressions

When you are ready to market your home, one thing to keep in mind is that you have only one chance to make a first impression--beginning the moment potential buyers drive up.

You can help create that good first impression by presenting potential buyers with a well-cared-for yard including a mowed lawn. Your front door and porch should be clean and neat, preferably freshly painted.

These first important encounters create a positive impression that carries through to the rest of your home. An inviting atmosphere implies that your house has been well maintained and taken care of. Homes that convey pride of ownership usually receive the best offers.

If your home appears disheveled or uncared for, prospective buyers may quickly conclude it's been neglected and is in need of repairs. Such a negative impression can result in a less-than-generous offer--or possibly no offer at all.

Try viewing your home through a potential buyer's eyes. Would YOU buy your home?

Home Loans 101

For many people looking to buy a home, the financial part of the process is intimidating and confusing. Naturally, you’ve been reading up on home loans. There’s a lot of information to take in, but here are a few fundamental concepts to keep in mind when preparing your finances for buying a home:

Keep your finances stable

When looking for a home it’s smart to avoid making any major moves that alter your finances, such as buying a car or changing jobs. Banks appreciate a sense of stability in would-be homeowners.

Pay off debt

The amount of debt you have now affects your ability to take on additional debt of a home loan. Know your current debt level and work to lower it as much as possible between now and when you purchase a home.

Assess your credit score

For credit cards and other debt, be sure to make your payments on time to get good credit. Payment history is the most important factor in your credit score, accounting for about 35% of the total. Check with major credit bureaus to verify your score and fix any errors.

Know the loan types

The basic mortgage types are fixed-rate, adjustable-rate and hybrid. However, there are many types of loans available that suit a variety of financial situations. Ask about loan options that are right for you.