Thursday, October 8, 2015

Are You Ready To Buy A Home?

The home buying process starts with finances.  For most people, it is the biggest financial decision that they will make.  So, it makes sense that you should be in a good place financially before beginning your home search, right?

You'd be surprised at how many people are either unaware of their finances or just simply are indifferent when it comes to that question.  Here is a great article from Money Under 30 that talks about getting your financial house in order.

If you are ready, and would like me to get you connected with a lender to start the process, contact me at any time!

Take care,

Sunday, October 4, 2015

Homeowner's Insurance

Insurance.  I don't have to tell you what it is or what is does... The interesting part of homeowner's insurance is how little we talk about it compared to health insurance and auto insurance.  I'm sure we use the other two more often, but even through my experiences within the real estate industry, I rarely get on the topic of homeowner's insurance with clients. 

With each standard contract that I write, clients receive a one-year home warranty.  I've had several instances where I've had clients use this warranty to their benefit, some clients have used it multiple times.  But, the insurance piece is one that I hope my clients remember to look into when something happens with their home after the first year.  

Let this post be a reminder to you to look into your insurance information and review your policy to see what is covered and what is not.  And when something happens around your home out of the ordinary, check again before you call a repair service just to be certain the situation isn't covered.  It sure can't hurt to check.  

Here is an article I read recently on homeowner's insurance that I felt I could pass along.  The article isn't overly heavy on details because each policy is different, but this is a good reminder of general information... 

Take care, 
Scott Morrison

Sunday, July 26, 2015

The Cost of Common Home Repairs

In my 7+ years of homeownership I've found out firsthand the cost of the dreaded "home ownership" type repairs.  I've replaced a sump pump, got a new HVAC, new carpet, had electric work done, the list continues with little items here and there.

While I was reading one of my favorite blogs, The Simple Dollar, I came across the article linked below on the cost of common home repairs.  The costs of these repairs obviously will differ based upon location and severity of damage (among other variables) but I thought that the article had a great message about the costs that you should budget for as a homeowner.

When parents tag along during the buying process with young buyers I often overhear the discussion of repairs and hidden costs.  This is a time when mom and dad are right, the costs are real and they are something you should be prepared to encounter.  It's certainly a negative side effect of homeownership, but if you plan ahead and expect that these unexpected costs will pop up, you'll be prepared to face the adversity without breaking the bank.

Take care,

Thursday, July 16, 2015

When Will Mortgage Rates Go Up?

I love the reminder in the final paragraph of the article I've linked to below.  The article posted on the website, The Simple Dollar, says "If a small bump in mortgage rates will mean that you'll no longer be able to buy a home, consider whether you should be in the market in the first place."  

This is one of the first conversations I have with each of my clients.  Not necessarily the mortgage rates conversation, but more broad discussion around making sure that this is the right time to search for a home.  You can never time the market, if we could, we'd all know when to buy and when to sell and we'd all be rich and happy!  

The best you can do is to make sure that you do your homework.  Meet with the right people, have the right people advising you, and begin the home buying process when it is right for you, don't just rely on the market.  

Take care, 
Scott Morrison