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Monthly Archives: June 2015

4 realtor-tested home staging tips

One of the most important elements of successfully selling your home is the staging process. As you probably know, just showing your home in its current condition, clutter and all, isn't likely to inspire many potential buyers. Here are a few staging tips from realtors, who are the real experts on what sells a house:

  • Upgrade your home's surfaces. Your floors, carpets and countertops get progressively more scuffed over the time that you live in the house, so it's a good idea to replace them before bringing potential buyers in. Take this opportunity to replace overly bright or personal carpets and paint colors with more neutral, less attention-grabbing options, which will make it easier for potential buyers to imagine customizing the home themselves.

5 things not to forget when you move out

You've found a new home, sold yours off and packed everything up to go, but are you really ready to move out? It's easy to forget things in the crazy shuffle of the moving process, especially logistical arrangements that aren't staring you in the face like all the belongings you have to move. Here are a few things to make sure you remember to take care of before you move out:

4 tips for selling your home fast

Sometimes when you're selling a home, you have a good deal of time to list it, show it to prospective buyers and choose the best offer. Other times, like when you're moving with a set deadline to take a job or attend a university, you just need to get the home off your hands as soon as possible in order to be able to afford to move. Here are some strategies for selling your home quickly when you're pressed for time:

  • Slightly underprice it. If you can stand to take a small financial hit, look around at what comparable houses in your neighborhood are selling for and choose a list price that's slightly lower. Buyers in your area will flock to your house looking for a good deal.

TRID Implementation Deadline Moving

CFPB Has Proposed Delaying TRID Implementation till October 1, 2015

In case you haven’t heard, yesterday the Consumer Financial Protection Bureau (CFPB) announced a delay in the implementation of TRID- a.k.a. TILA-RESPA Integrated Disclosure. The “proposed amendment” will push back implementation two months, to October 1, 2015. New Penn has been proactively preparing for TRID since March, and we are ahead of the curve in our operational and training preparation…since our sights were laser focused on August 1.

We look forward to using the new TRID disclosure as it should alleviate some of the stress sometimes associated with obtaining a mortgage loan; by simplifying the borrower experience with more review time and user-friendly explanations.

We look forward to using the new TRID disclosure as it should alleviate some of the stress sometimes associated with obtaining a mortgage loan; by simplifying the borrower experience with more review time and user-friendly explanations.

3 moving tips for military families

If you or your spouse has been in the military for a while, you probably have a lot of experience with moving. However, making the move to a permanent home after years of bouncing around the country can be an especially difficult task. Here are some tips to help the home-buying and moving process go more smoothly:

  • Take advantage of the VA loan program. The U.S. Department of Veterans Affairs (VA) backs loans made by private lenders to allow military families greater access to mortgage loans. These loans generally come with no down payment and don't require any private mortgage insurance. They are available through designated lenders to veterans, current active duty personnel, National Guard members and certain surviving spouses of deceased veterans.

4 ways to improve your home's value

This spring has seen some of the biggest improvements in the housing market since the recession, and with existing homes in short supply, sellers currently have the advantage when it comes to negotiating pricing. That means that this is a great time to make improvements to your home that will raise its value. Here are some of the best ways to quickly boost your home's attractiveness to potential buyers, and therefore the price you can net for it:

 

June is National Homeownership Month

According to the U.S. Department of Housing and Urban Development (HUD), this is the month to recognize "the critical role owning a home plays in communities across America." June is National Homeownership Month, and recently there has been a lot of good news for Americans who are looking to become homeowners.

The National Association of Home Builders (NAHB) reports that home affordability has been significantly higher in the first quarter of 2015 than in past years. The NAHB/Wells Fargo Housing Opportunity Index reveals that 66.5 percent of homes, both existing and new construction, that were sold between January and March were affordable for families earning the American median income of $65,800. This was in part due to the decline in average home price from $215,000 in the fourth quarter of 2014 to $210,000 in the first quarter of this year, and also partially due to lower average interest rates, which dropped from 4.29 percent to 4.03 percent during the same time period.

3 tips for choosing between offers when selling your home

Every home seller looks forward to the time when all their hard work promoting, staging and showing their home pays off and offers start coming in. However, it can be hard to decide which offer to go with if you haven't sold your home before. Here are some tips for successfully working with your real estate agent to accept the best offer for your home:

●  Find the best potential buyer. The best bid is not necessarily the highest, because some people will place high bids on a home just to scare off other bidders, then end up not going through with the purchase. You want to choose to continue the process with someone who seems committed to actually purchasing the home. This probably means they've visited to look around more than once and have been on the market for a while, demonstrating that they're serious about the home search.

3 top home selling mistakes to avoid

When you're selling your home, some small things are bound to go wrong at some point, but it's important to avoid the more common bigger mistakes so that you don't lose money on the sale or end up not being able to sell at all.

Here are some of the more common missteps that first-time home sellers make: