December 24, 2016

How to Get Your Credit Report Ready for a Mortgage Application

When you apply for a mortgage, every point in your credit score matters. With DC real estate prices, even a small increase in your interest rate can cost you tens or hundreds of thousands of dollars. Here’s what you need to do to polish your credit report to get the best score and interest rate possible. Review Your Credit Reports as Soon as Possible Review your credit reports well in advance of when you plan to apply for a mortgage so you have time to fix any errors. Common errors include the credit bureau mixing up consumers with similar names […]
November 9, 2016

Top 5 Things People Forget When Buying A Home

When it comes to buying a home, there is a lot to think about and a lot to plan. It can be easy for details to fall through the cracks or never be considered when choosing a house. Here is a list of the top five things that people often forget when they buy a new home. 1. Seasonal Changes When purchasing a home, many people forget what their new house will need or look like throughout the seasons. This might include the type of trees on the property (evergreen means no raking of leaves, but deciduous trees might create […]
October 18, 2016

How Your Student Loans Affect Getting a Mortgage When Buying a Home

The decision to balance student loan debt with homeownership is an audacious one, and quite satisfying if it’s well-executed. Find out how your degree type and student loan repayment program influence your ability to secure different types of home loans – and learn what you need to do to demonstrate your capability as a borrower. Purchasing your first home is a huge investment, and an even greater accomplishment. To ensure your success, it’s imperative to have your finances in order. In particular, there may be much speculation and concern surrounding the impact of student loan debt on home-buying achievement. Perhaps […]
September 26, 2016

Choosing the Right Buyer’s Agent

So you’ve saved up your down payment, and you’re ready to start looking for your first home? Choosing the right real estate agent to help you find what you’re looking for is an important variable in the purchase equation. While the housing market is awash with agents, there are essentially only two types; each one plays a different role in the real estate transaction. Seller’s Agent Vs. Buyer’s Agent Seller’s Agent:  This agent lists the house and works for the seller. In this role, the agent provides information about the buyers, help with pricing the property, and advises the seller during […]
August 12, 2016

How to Reduce Closing Costs for Buyers

You did it! You have saved up for a down payment and are ready to purchase the house of your dreams. But before you make an offer on a home, we recommend learning more about closing costs. In this article, we’ll help you learn what to expect as a buyer at closing and how to reduce your out-of-pocket expenses. Which Closing Costs Are Buyers Responsible For? Buyers are usually responsible for paying for a lot of different closing costs. These tend to amount to anywhere from 3 to 5 percent of the total purchase price of the house. For example, […]
August 5, 2016
Steps to buying a home

5 Steps to Buying a Home: Home Buying Process Explained

While buying a home can be a daunting process, there is plenty of help to assist you along the way. There are a lot of moving parts in today’s real estate market so most homebuyers hire knowledgeable professionals – agents, lenders and appraisers – to assist them in this exciting yet challenging endeavor. While professional assistance is key, personally understanding the purchasing process is just as important. Americans will move nearly a dozen times in their lifetime and equipping yourself with the following information is essential to your success as you search for your next home: 1. Prepare Yourself for Ownership […]
July 16, 2014
How to remedy mold

What to Do If a Home Inspection Finds Mold

“Mold” is the last thing you want to hear when you’re making an offer on a house. While this could be unsettling news, mold doesn’t have to be a deal breaker, as Michelle Hopkin ProTec Inspection Services explained to Realtors at a recent visit to Central Properties. When mold is suspected, a home inspector certified to test for mold should visit the property to determine the scope of the problem, and to recommend a course of action for remediation. Have more questions? Need help buying or selling your home? Talk to us: we can help!   [] 1 Step 1 […]
January 6, 2014
First Time Homebuyers

5 Tips for First Time Homebuyers

Are you thinking about buying your first home this year? It has been said repeatedly that this is one of the biggest financial decisions you will ever make. It’s both an exciting and nerve-racking time for perspective homeowners. Setting realistic expectations is a must; rarely do first time home buyers purchase their dream home. That may happen on the second or third purchase. The first step is to save! According the National Association of Realtors, 32% of all buyers cut spending on luxury or non-essential items. Twenty-six percent cut spending on entertainment, 20% cut spending on clothes and 13% canceled […]