Are you looking for a second chance at buying a home? For any consumer who had to sell their home in a short sale due to foreclosure, the waiting period for buying a home with a FHA fixed-rate is typically 36 months (shorter in some instances). This all changes with the FHA Back to Work Program, shortening the wait time down to just as little as 12 months.
The FHA Back to Work Program, which began in 2013, and has been extended to 2016, has one goal in mind: providing homeowners who, due to extenuating circumstances like foreclosure, bankruptcy, or short sale, lost their home, a second chance at buying.
Do You Qualify?
According to the FHA website, in order to qualify for the FHA Read more [...]
When trying to sell your house, the first hurdle is to get buyers through the door. Before making appointments, almost all people look through listings online or in print ads. These ads have pictures that will make or break a house. If you're trying to sell your house for sale by owner, take the time to take some great pictures of your house using these tips.
Invest in a decent digital camera. You don't need to spend hundreds of dollars, but check out user ratings and get one with at least 10 megapixels.
Use a tripod. A steady hand takes good pictures, but a tripod makes them look more professional.
Remove the clutter. Toys, piles of papers, and other personal effects will take away Read more [...]
If you plan on selling your house by yourself, then you need to know how much value any past or future home improvements can add to the asking price. From actual receipts or web research, you already have a handle on the cost of a remodeling job. To find out what it’s worth in the current Albany real estate market, check out the “2013 Cost vs Value Report” by Remodeling Magazine. Please remember that it only gives mid-range prices. Actual values can vary.
To add a bathroom costs $39,661 for a 6-by-8-foot space that features a fiberglass tub/shower with ceramic tile surround, chrome fixtures, and a cultured-marble vanity top. It returns only $18,840 on resale, or 47 percent.
A Read more [...]
When selling your home, it is critically important to make your home as appealing as possible to prospective buyers. Often times that may mean "staging" the home is in order. Whether you do it yourself or enlist the help of a professional home stager, here are some tips to get you started.
A Definition of Staging:
Staging is preparing a home and its contents for sale with a primary emphasis on presentation and appearance. This normally involves things of an aesthetic nature, such as design, organization and overall appearance.
The reason for staging is to present your home in a way that is appealing to the largest possible audience. By appealing to the largest possible Read more [...]
Buying a home directly from the owner is a similar process to buying a home through a real estate agent. If you do not have a real estate agent and are handling the purchase on your own there are several things you should know.
You may think that for sale by owners are not as serious or dedicated to selling their homes, but most are. With help from the internet they know a great deal about the process and are intent on marketing their home and getting a competitive price for it. Many are willing to negotiate the price. For Sale by Owners are bound by the same laws as mandated by Federal and State as are real estate agents, so they must disclose anything pertinent to the home.
Be prepared Read more [...]
If you're trying to sell your home in the Albany area, spring is the perfect time to boost your curb appeal. Now that winter is finally behind us, you can finally do some work that will give prospective buyers a great first impression of your home. You don't have to spend a lot of money, and it will greatly increase the chances of your FSBO Albany home selling quickly.
1. Wash away the winter with a power washer. You get so used to seeing the dirt and salt from the winter you may not even notice it, but it's still lurking on your driveway, sidewalks, and steps. Borrow or rent a power washer and clean these surfaces. The difference will surprise you!
2. De-clutter the Read more [...]