Closing Chaos

Source: CAR/One cool thing

Posted on January 10, 2018 at 12:05 pm
Kappel Gateway Realty | Category: closing | Tagged , , , , , , , , ,

The 2018 Home Upgrades for New Homeowners

The best way to personalize your space and give it a fresh, polished vibe is to make upgrades—big or small—that let your personality shine. Whether you’re ready to undertake a major remodeling project or only have the budget for a few modern touches, these DIY renovation ideas are a great place to start.

Welcome 2018 with an updated home that’s perfect for new beginnings and a lifetime of memories.

Make Your Kitchen Colorful

Gone is the popularity of a white, monochromatic kitchen. More homeowners are embracing bold accent colors on their countertops, backsplashes and cabinets, from vivid yellow and burnt orange to chic turquoise and dignified navy.

Another popular trend is juxtaposing the stainless steel appliances with warm, vibrant hues that make a space more inviting, while keeping that sleek look.

  • Small budget: When repainting, choose a two-toned base. For example, “dark colors offset with lighter or brighter colors…offer visually entertaining and appealing levels of contrast,” advise the contemporary design experts at Interior Zine.
  • Big budget: Replace all appliances with stainless steel; then do the painting.

Upgrade Your Storage Space

Finding enough room to store seasonal decorations, filing papers, hardware tools, keepsake items, cleaning products and office supplies is a common struggle of homeownership. Luckily, there are a number of creative and resourceful hacks for increasing the amount of storage without reconfiguring your entire space.

  • Small budget: You don’t have to find room in your home for more storage—head to the garage first. Take advantage of the walls by hanging DIY peg boards and adjustable wall panels: “With the help of hooks, you have the freedom of hanging your things anywhere and any way you want: in the center, horizontally, vertically, at the bottom, or top,” suggest garage experts. As you tackle inside storage, refer to 8 Space Savers for a Small Bedroom for inspiration.
  • Big budget: Invest in new furniture pieces that double as decorative and functional, like an old chest that you can keep in the living room or a coffee table with a storage space below.

Give Your Walls More Texture

Textured walls is a fun way to infuse character into any room, whether you’re into exposed brick, wooden shiplap, geometric molding or smooth tile. Walls are a blank canvas for experimentation, so harness your inner designer and play around with different materials or wallpapers that mimic the feel of those materials.

Note that you can combine more than one texture in the same room to create a particularly unique and artistic ambiance. For instance, a “grungy” or “rustic” wall could be adjacent to a “wavy design on the accent wall,” says Kareen Liez, civil engineer and architecture enthusiast.

  • Small budget: If you have unfinished drywall, use this to your advantage, with these ideas from Vintage Revivals or this idea from The Creativity in the Chaos.
  • Big budget: Go in all the way with high quality wall paper that creates texture with patterns or invest in the laundry list of materials needed to create your own exposed brick wall, for example. If your budget is flexible, there are many ways to tackle this project.

Re-Do the Garage Flooring

The garage has become an extension of a home’s living space that should be both aesthetic and functional. To take your garage to the next level, and turn it into a space you actually enjoy being in, start with the boring concrete floor—replace it with an epoxy coating.

This material is “noted for its durability and longevity,” according to flooring professionals at Kwekel Epoxy Floors. They explain: “With epoxy, you’ll enjoy protection against [mold] growth, as it offers a protective layer against moisture damage.” Not to mention, epoxy is also stain resistant and the surface repels chemicals, so if something spills, it won’t seep into your concrete.

  • Small budget: Take the DIY route and lay the epoxy flooring yourself. Use this tutorial from Family Handy Man to navigate through the process.
  • Big budget: Hire an epoxy company to handle the work, which can be done in one weekend.

Make the Space Your Own

A house is an expression of the people who live inside, so give your new home a splash of personality in the New Year. You’ll fee great about the space and excited to show it off to your friends and family.

Source: CB Blue Matter Blog

Posted on January 2, 2018 at 11:06 am
Kappel Gateway Realty | Category: construction, Fixer Uppers, interior decorating, real estate, upgrades | Tagged , , , , , , , , , , , , , , , , ,

How to Hide Unsightly Blemishes Around Your Home

What makes a house a home? It’s a hard question to answer, but a large part of it is the years of memories you’ve made in it. Oftentimes that includes the blemishes, flaws and dents on the walls and furniture that serve as lasting impressions of cherished moments and fun times. However, whether you’re selling your home or just making it presentable for guests, there are times you’ll want to camouflage them up. Read on for 10 clever ways to disguise your home’s flaws.

Create a Gallery Wall

Put your inner art connoisseur to work to blend random light switches or bulky thermostats into your design. Strategically place similarly sized artwork around switch plates, outlet covers and wall gadgets to distract the eye. If you want to cover it entirely, mount a canvas painting over it or hang art from a swing arm so you can reach behind it when necessary.

 

Hang Long Drapes

Window treatments are generally used for, you guessed it, windows, but they certainly aren’t restricted to other uses. Drape big and breezy curtains above to disguise unsightly wall features or awkward off-center windows. Off-white and cream shades are perfect to use now and throughout winter, such as the one seen in this Swedish bedroom that cleverly conceals the radiator and window when pulled closed.

 

Paint the Wall

This is probably one of the most obvious solutions to drywall chips and paint scratches, but here are some guidelines to help you get it right. Stick to one matte color for the walls, ceiling and trim to downplay the lines between and blend them together. Remember, the glossier the paint finish is, the more it will highlight imperfections.

Consider chalkboard paint for a non-glossy texture and an ever-changing wall feature. You can create your own design and erase it as your style evolves or use it to jot down lists and reminders.

Add wallpaper. Use wallpaper to inject personality and fun into any space. Choose from subtle designs to a dramatic mural or anywhere in between. Keep optical illusions in mind when picking patterns. For example, a striped design can make a small space look taller or wider.

 

Cover it With Clothes

If you have a scratch on your bedroom wall that just won’t go away, play fashionista and move a shop-style clothing rack in front. Showcase some of your most stylish garments or everyday staples on the rack to lighten your closet’s load.

 

Lay Down a Rug

Roll out a gorgeous area rug over all the nicks and notches on your floor from moving furniture or dropping heavy items. Especially great for renters, rugs come in a variety of styles, colors and price points to fit your personal preferences without committing to a permanent change.

 

Rethink the Fifth Wall

This is a bit of a heavier project to take on, but perhaps most rewarding for those left with an infamous popcorn ceiling. Upgrade overhead stucco for a beautiful new feature with paint or paneling. Try white beadboard or wood slats for irresistible rustic charm.

 

Work Around Wall Vents

Air vents are necessary for cooling, heating and any other home circulation systems, but can be quite unattractive. Conceal them with slotted laser-cut screens that add texture and visual interest. In this D.C. living room, the revamped air return works double duty as a display shelf.

 

Choose Your Switches Wisely

Light switches and power outlets are must-haves in every home and there’s often no easy way around them. Wherever possible, especially in the kitchen and bathroom, group your electrical outlets together and shop for new switch plates that complement the existing wall. You can blend them into an existing pattern, as seen here, or make them a fun feature with vibrant colors and textured materials.

Embrace imperfections. After all, they’re what makes your house so special. You can capitalize on the look and help them blend in by investing in distressed furnishings, such as rustic coffee tables or stained wood floors. You won’t have to worry too much about future drops or spills and they instantly add built-in age and character to any space.

Source: CB Blue Matter Blog

Posted on December 29, 2017 at 9:46 am
Kappel Gateway Realty | Category: cleaning, decorating, mazimizing space, real estate | Tagged , , , , , , , , , , , ,

Speedy Home Sales: Top 5 Things Buyers Were Looking for in 2017

Are you are curious to know what it takes for your community to see speedy home sales in 2018? In order to determine what makes home sales happen quickly, as agents, we look at the patterns. We compile the data and compare it, year over year. So if you are wondering what it takes to sell your home quickly in 2018 or “What did the homes that sold in Petoskey in 2017 in 30 days or fewer have in common?” we can tell you that.

Without further ado, let’s take a look at the top five things buyers were looking for these past 12 months.

1. Square Footage

Twenty-seven homes sold in Petoskey in less than 30 days in 2017. On average, these homes were built at around 1,500 square feet. Median square footage was 1,470 square feet. About half of the homes had basements (not included in the square footage measurements).

According to an article by the National Association of Home Builders, the NAHB, national averages in new builds has been around 2,600 square feet since 2016 and on a steady increase.

The article stated that: “The post-recession increase in single-family home size is consistent with the historical pattern coming out of recessions. Typical new home size falls prior to and during a recession as some home buyers tighten budgets, and then sizes rise as high-end home buyers, who face fewer credit constraints, return to the housing market in relatively greater proportions.”

For our purposes, the homes we are talking about that sold in 2017, were not new builds. In fact, at least one of the homes was built as far back as the year 1900, 5 homes were noted as being built in 2002 or sooner. The ages for most of the rest of the homes, however, were unknown. All that said, it appears that national averages and averages here in Petoskey don’t necessarily correlate. To further make that point, in a study of the 1,789 homes sold since 2011, only 42 were built in 2010 or sooner with an average of 2,250 square feet. Of those 42 homes, only 4 sold in less than 30 days. Furthermore, the average day on market was 180 days over the course of 7 years.

2. Bedrooms and Bathrooms

According to the National Association of Home Builders, homes are most often built to include 2.56 bathrooms and 3.38 bedrooms. These figures coincide with what buyers were looking for in 2017. The vast majority of homes that sold were 3 bedroom, 2 bath homes. These homes are usually preferable because they can accommodate growing families, guests, or retirees all the same.

Nationally speaking, master bedrooms trend at making up 12% of the square footage space. Second and third bedrooms account for nearly 17% of the home space. Lastly, bathrooms account for approximately 12% of the square footage. Most of the floorplans are dedicated to living spaces, family rooms, dining, and kitchens — totaling nearly 40%. The remaining square footage is dedicated to spaces such as foyers, closets, pantries, laundry, and garages.

3. Financing

When it comes to how homes are selling quickly, financing accounts for 37% of home sales. While most homes sold for cash (16 homes or 59%) the remainder of sales were done through a mortgage (10 homes or 37%). One home sold on a land contract.

Of the 27 homes sold within 30 days in 2017, the average sale price was $260,063. It is important to note that the highest sale price was $1,000,000 and the lowest was $60,000. Because there is such a disparity between the highest and the lowest sale price, knowing the median sale price is more indicative of the trend. The median sale price was $175,000, with the majority of homes (15) selling under $200,000.

Finally, the average price per square foot was $173, and the median price per square foot was $152.

4. Garages

It appears that if you want to see a speedy home sale, you should make sure you have a garage. Nearly all homes sold (with the exception of two) had at least a one-car garage and on average a two-car garage. It’s no wonder Petoskey residents want garages; with our harsh winters, it only makes sense to have a safe place to house a car. So if you don’t have one already, you may want to consider adding on a garage. It may help with a quicker sale, and it is also likely to increase your home’s value too. In fact, the data shows, that of homes sold in the same neighborhood with much of the same features, the 2 homes with garages sold at substantially higher prices than those without.

5. Stick-Built

Of all of the criteria that helped contribute to speedy home sales in 2017, having a “stick-built” home seemed to be on trend; 23 of the 27 homes were built on the site where they reside.

“Stick-built” or “site-built” homes tend to hold their value at a much better rate than manufactured homes. This is because the materials used for “site-built” homes tends to be of higher quality, making them more desirable. This fact coincides with the next, that site-built homes look better in the eyes of lenders. If an investment holds its value longer, simply put, it is the better investment.

Of all the things that helped to push faster sales in 2017, it should be noted that location, correct pricing, and marketing are also factors that can contribute. Because each home is unique, it is important to get a professional market analysis from a real estate agent who knows your market area. Perhaps there are some things you can work on to help your home sell such as staging or small repairs, but you won’t know until you get a professional opinion. Call an agent today.

Source: CB Blue Matter Blog

Posted on December 19, 2017 at 8:46 am
Kappel Gateway Realty | Category: Buyer's Market, Buyers, buying, closing costs, real estate | Tagged , , , , , , , , , , , ,

Carve Out a Personal Retreat for Yourself at Home

The holidays are always a stressful season filled with family and friends and loaded with work and travel obligations. Having a personal haven at home to unwind and restore your mind, body and soul is key to staying sane and on top of it all. Even if you’re renting or moving soon, it’s important to have a space to de-stress on busy days. Make the most of your nooks and crannies at home with these ideas for a rejuvenating retreat.

Set Your Focus and Intentions Upfront

Decide what’s most important to you and what you want to achieve in these personal sessions. It doesn’t have to be an ambitious goal; a simple wish to rest is perfectly valid. Alternatively, you can use this time for spiritual exploration or to work on your craft. Jot down your thoughts in a journal before, during and after the experience, and keep it nearby to reflect on in future sessions.

 

Make it Yours

However nice a personal corner is, it won’t mean much unless you can connect with it on a deeper level. Place special mementos around the area that are extremely significant and meaningful to you. These could be pictures of your loved ones and favorite places, or trinkets you’ve collected throughout your life and travels. Store a couple of your favorite books nearby, light candles, start an aromatherapy diffuser and brew a hot pot of herbal tea to add to the ambience – whatever speaks to your heart.

 

Turn on the Tunes

The right music has the power to immediately energize or stabilize your mood and take you to a place of idyllic tranquility. Before indulging in a personal retreat session, put together a playlist of your personal soundtrack or download a relaxing podcast. Invest in a white noise machine to set the mood if words are too distracting to you.

 

Layer it Up

If the only free space you have left is a spare corner of a room, don’t fret. Turn it into a cozy comfort zone by adding as many pillows and throws as your heart desires. They will immediately warm up any space and serve up a whole lot of style. Winter is the perfect season to snuggle up with lots of layers, especially if your retreat space ends up being your bed, as many are.

 

Practice Meditation or Yoga

Once you’ve set up your space and are all ready to go, you may begin to think “now what?” and you certainly aren’t alone. Having moments of silence are key to self-reflection but can also get boring fast. A wonderful way to combat this is to set up an activity such as meditation or yoga that keeps you focused while also allowing for room to unwind and relax. Lay down a yoga mat and get started with a couple of beginner stretches.

 

Go Outside

If your home is simply too stuffy, step outside for a breath of fresh air. Bonus points if you have a lush garden to retreat to. Hang a hammock or set up camp beneath a shady tree for a place to call your own. Being surrounded by greenery and basking in natural sunlight will immediately elevate your mood and induce relaxation. Furry friends are always welcome too, like the cat seen on this Australian patio.

 

 

If you’re in a highly urbanized neighborhood, you can still reap Mother Nature’s benefits by taking a stroll to a nearby park. If you’d rather keep it all indoors though, pull up a chair near a sunny window and add a few low-maintenance houseplants. Succulents are great for first-timers and come in a variety of eye-catching arrangements. This welcome addition of life amidst the bleak winter landscape will keep you happy and healthy this season.

Source: CB Blue Matter Blog

Posted on December 18, 2017 at 10:43 am
Kappel Gateway Realty | Category: decorating, real estate | Tagged , , , , , , , , , ,

How to Decorate Like a Christmas Elf on a Budget

It’s beginning to look a lot like Christmas!!! Break out that rubbermaid and dust off your ornaments because it’s time to decorate your home like the elf that I know you are. Here are five affordable and totally adorable ways to decorate your home with Christmas ornaments.

Christmas Shadow Box

Adding Christmas Cheer to your home couldn’t be more easy than this easy DIY Christmas Shadow Box idea.

 

Christmas Ornament Wreath

This project may look difficult but in just four easy steps you will be humming jingle bells. Learn how here.

Window Display

Show your neighbors that you are ready for a Holly Jolly Christmas with this simple hanging ornament idea.

In a Glass Vases

Remind your family it is the Most Wonderful Time of the Year with these easy Vase ideas.

As a Tree

Your guests will be rockin’ around the Christmas Tree when they see this adorable DIY Ornament Tree craft.

Source: CB Blue Matter Blog

Posted on December 4, 2017 at 8:51 am
Kappel Gateway Realty | Category: Celebrate, decorating, holidays, interior decorating, real estate | Tagged , , , , , , , , , , ,

Coldwell Banker at Inman Connect San Francisco 2017

Inman Connect San Francisco brings together more than 4,000 of the most important people in real estate including top-producing agents and brokers, CEOs of leading real estate franchises and tech entrepreneurs to embrace and leverage the change that surrounds real estate.

Coldwell Banker showed up big this year.  From the stage to the lobby Gen Blue was seen and heard – reminding the industry why it is real estate’s most iconic brand.

Below are some highlights from the week.

The President and CEO of Coldwell Banker, Charlie Young, gave an inspiring keynote from mainstage about how the Empowered Agent is  bringing positive disruption to real estate and is a force to be reckoned with.

Charlie also wrote a piece for Inman on how to identify, embrace and support these talented specialists as we look to the future.

A special group of empowered agents were highlighted on mainstage including Team Diva with Coldwell Banker Bain in Seattle. Pictured on-screen below is Kim V. Colaprete and Roy Powell.

Lindsay Listanski, Senior Manager Media Engagement for Coldwell Banker, ran a social media crash course on how to implement geographic marketing using Facebook, Instagram and YouTube.

The audience ate it up and so did Inman. Lindsay’s presentation was packed full of how-tos, best practices and helpful tips on how to take your social media marketing to the next level and wow your sellers. You can catch her full presentation here.

David Marine, Senior Vice President of Marketing, predicted the future of real estate marketing. Spoiler alert: the future is video. He covered everything from local television advertising to how to effectively use video to bolster your listings. He also addressed how real estate brands should think about using tools like Zillow and Trulia to their advantage.

Coldwell Banker rounded out the week with a visit to the Nest Headquarters in Palo Alto.

Agents and brokers heard from Nest CMO Doug Sweeny about the future of the connected home and received a preview of what Nest is doing to support real estate Smart Home specialists.

Come back to CB Exchange for a new suite of marketing assets next month!

The networking and fun continued at the invite-only Coldwell Banker cocktail party – Smart Cocktails and Smart Conversations.

Even if you weren’t there in person you can catch up on everything you missed right here:

Coldwell Banker sales associates can also stay in the know with Gen Blue News. Now available on Amazon Alexa, just enable Gen Blue News on your Amazon Echo or Echo Dot and say “”Alexa, Open Gen Blue News” or download the podcast through iTunes.

And if you’re still having FOMO make sure to join us at Gen Blue and Inman Connect NYC!

Posted on August 18, 2017 at 2:26 pm
Kappel Gateway Realty | Category: community, financing, first time buyers, Homeowners, market trends, real estate | Tagged , , , , , , , , , , , , , , , , ,

No Kids? Here’s Why You Should Still Buy in a Good School District

Even if you don’t have kids, buying in a good school district is always a good decision — if you can afford it.

Ever hear the old adage “Location, Location, Location”?  Well, here’s more proof!

Learn why buying in a top-notch school district can benefit you — even if you don’t have kids.

Living in a good school district doesn’t just bring better teachers, better books, and better test scores — it also can help preserve home values and ensure faster resale rates.

It’s a smart move to consider the quality of school districts in your home-buying decision — although there are pros and cons to buying in top-notch school regions. Parents hoping to land a good home deal and give their kids access to a high-quality education have several costs to weigh. If you do the math, you’ll find that pricier homes in a strong public school district may actually be better bargains than affordable homes in districts where many children attend private schools.

Seeking good public schools

Many buyers search for real estate by school district, and say school districts are among the key factors in their home-buying decision. In a recent Trulia survey, 19% of Americans indicated that their dream home is located in a great school district. But among parents of children under 18, the percentage of Americans who want to live in a great school district jumps to 35%.

How can you tell if your potential new home is in a district that makes the grade? Consider the age of the schools, the condition of their facilities, the student-to-teacher ratios, and, of course, standardized test scores.

The bigger picture

It’s not as simple as it may seem to draw conclusions between school districts and real estate, though. A poorly ranked public school district doesn’t necessarily mean that the overall quality of local education there is poor.

And there are private schools to consider as well. Parents looking for homes in lower-rated districts but who still want quality education may need to factor in the cost of a private education, which runs well into the thousands per year. Tuition rates vary widely, but the average tuition cost is $10,940, which is the same as $912 per month in mortgage payments, according to a 2014 Trulia analysis.

Put it this way: A homeowner with a $1,326 mortgage payment on a $300,000 house who is also paying the $912-per-month average tuition could, in effect, afford a $520,000 house with public school education in a better-quality school district. Because home prices and school tuitions vary so widely, buyers will have to calculate these differences on their own (and obviously there are more factors than just local school districts and housing prices that drive real estate decision making).

Considering the future

When it comes to resale value, though, even for buyers without children, investing in a home in a good-quality school district can pay off. Homes in good school districts tend to sell faster than homes in lower-quality school districts. And during tougher economic times that trigger declines in home values, homes in better school districts usually hold their value more than homes in lower-quality school districts.

On the downside, these homes in better school districts also tend to be more expensive. Buyers here will pay higher property taxes, and much of that money will be allotted right back to the schools. For childless buyers, that’s no bargain. But in general, buying in a good school district does matter and, with more stability in home prices and more savings from costly private school education, it usually works in favor of the buyer.

 

Posted on July 8, 2017 at 2:00 pm
Kappel Gateway Realty | Category: buying, community, family, Location, neighborhood, parent, real estate, Resale Value, schools, Uncategorized | Tagged , , , , , , , , , , ,

Dixon May Fair 2017 Coming Up This Weekend!

A sure right of Spring Passage in Solano County is the Annual Dixon May Fair. 2017 dates are May 11 – May 14.

Lots of Family Fun for everyone!

Attractions at the May Fair include:

Livestock Exhibits

Youth Dog Show

Horse Show

Carnival Rides

Bronc & Bull Ride Rodeo

Demolition Derby

Truck & Tractor Pull

Fabulous Concerts

Kids FunZone

Much much more!

Advance ticket sales are available now!

Click this link for more information and the Dixon May Fair 2017 Schedule!

Dixon May Fair 2017

Let’s go have some FUN!

 

Posted on May 9, 2017 at 2:20 am
Kappel Gateway Realty | Category: Dixon, Entertainment, Family Fun, Festivals, May Fair | Tagged , , , , , ,

5 Tips for First-Time Homebuyers

You’ve decided to go for it. You know mortgage rates are enticingly low. Buying a home can be thrilling and nerve-wracking at the same time, especially for first-time homebuyers. It’s difficult to know exactly what to expect.

Take these five steps to make the process go more smoothly.

Check Your Credit
Your credit score is among the most important factors when it comes to qualifying for a mortgage.

“In addition, the standards are higher in terms of what score you need and how it affects the cost of the loan,” says Mike Winesburg, formerly a mortgage planner in Wheeling, W. Va.

Scour your credit reports for mistakes, unpaid accounts or collection accounts.
Just because you pay everything on time every month doesn’t mean your credit is stellar. The amount of credit you’re using relative to your available credit limit, or your credit utilization ratio, can sink a credit score.

The lower the utilization rate, the higher your score will be. Ideally, first-time homebuyers would have a lot of credit available, with less than a third of it used.

Repairing damaged credit takes time. If you think your credit may need work, begin the repair process at least six months before shopping for a home.

Evaluate Assets and Liabilities
A first-time homebuyer should have a good idea of money they owe and money they have coming in.

“If I were a first-time homebuyer and I wanted to do everything right, I would probably try to track my spending for a couple of months to see where my money was going,” Winesburg says.

Additionally, buyers should have an idea of how lenders will view their income, and that requires becoming familiar with the basics of mortgage lending.

For instance, some professionals, such as the self-employed or straight-commission salesperson, may have a more difficult time getting a loan than others.

The self-employed or independent contractor will need a solid two years’ earnings history to show, according to Winesburg.

Organize Documents
When applying for mortgages, you must document income and taxes.

Typically, mortgage lenders will request two recent pay stubs, the previous two years’ W-2s, tax returns and the past two months of bank statements—every page, even the blank ones.

“Why it has to be every single last page, I don’t know. But that is what they want to see. I think they look for nonsufficient funds or odd money in or out,” says Floyd Walters, owner of a mortgage company in La Canada Flintridge, Calif.

Qualify Yourself
Ideally, you already know how much you can afford to spend before the mortgage lender tells you how much you qualify for.

By calculating debt-to-income ratio and factoring in a down payment, you will have a good idea of what you can afford, both upfront and monthly.

Though there’s not a fixed debt-to-income ratio that lenders require, the standard dictates that no more than 28 percent of your gross monthly income be devoted to housing costs. This percentage is called the front-end ratio.

The back-end ratio shows what portion of income covers all monthly debt obligations. Lenders prefer the back-end ratio to be 36 percent or less, but some borrowers get approved with back-end ratios of 45 percent or higher.

Figure Out Your Down Payment
It takes effort to scrape together the down payment.

There are programs that can assist buyers with qualifying incomes and situations.

“I’ve helped arrange assistance loans for $10,000, which are interest- and payment-free, and forgivable after five years. Although considered a loan, they’re more like grants. Other programs can provide up to $40,000 interest-free,” Winesburg says.

Finally, speak with mortgage lenders when you’re starting the process. Check with friends, co-workers and neighbors to find out which lenders they enjoyed working with and ask them questions about the process and what other steps first-time homebuyers should take.

Posted on March 6, 2017 at 7:09 pm
Kappel Gateway Realty | Category: buying, credit score, financing, first time buyers, mortgage, real estate, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,