• EXIT Homevets Realty Blog Page Blog

    Wednesday, January 17, 2018   /   by Jose Segarra

    61% of First-Time Buyers Put Down Less than 6%

    According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017.
    Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers.
    Zillow Senior Economist Aaron Terrazas’ recent comments shed light on why buyer demand has remained strong,
    “Looking into 2018, rent is expected to continue gaining. More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward the relative stability of a monthly mortgage payment instead.”
    It’s no surprise that with rents rising, more and more first-time buyers are taking advant ...

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    Saturday, January 13, 2018   /   by Jose Segarra

    Benefits of Staging Your Home

    Some Highlights: 

    The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging.

    50% of staged homes saw a 1-10% increase in dollar value offers from buyers.

    77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.

    The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.

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    Saturday, January 13, 2018   /   by Jose Segarra

    93% Believe Homeownership Is Important in Attaining the American Dream

    Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

    “Owning a home remains a core element of the American Dream.” 

    When asked “How important a part of the American dream is owning a home?”

    18% of those surveyed said it was the most important part
    53% of those surveyed said it was very important
    22% of those surveyed said it was somewhat important

    Homeownership and Financial Stability
    The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

    “After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.  ...

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    Monday, April 10, 2017   /   by Yamilet Berlingeri

    The Home Buying Process

    Choose a Texas REALTOR®

    Decide What You Want
    Before you start looking, make a list of what you want. Then assign each item a priority.

    Know What You Can Afford (Get Pre-qualified)

    Before you start looking at homes, Contact a Mortgage Lender. (Get Pre-qualified)

    Make an Offer You’ve figured out your home-search criteria and what you can afford. Now find a house and make an offer. 

    Secure Financing Unless you’re paying cash for the home, you’ll need a loan. Keep in mind the true price of financing goes beyond the interest rate alone.  

    Close the Deal After weeks or even months of research and decision-making, you close the transaction, usually at the title company's office.

    - See more at: www.exithomevets.net

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      first time home buyers, buying a new home, relocating to killeen, tx, killeen, bell county, copperas cove, bolton, temple

    Wednesday, April 27, 2016   /   by Tess Lucas

    Think you cant affort to buy a home? Think again

    Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn't fit neatly into the box, you may still qualify with some lenders. Here's how.
    When you apply for a mortgage, lenders use four pillars to measure your finances and put together a loan suited to your purpose. Your credit, debt, income and assets play integral equalroles in lenders' eyes. Let's break down the nuts and bolts of what lenders want to see on loan applications, and how working within these four pillars may help you find a mortgage to suit you, even if your situation isn't "perfect."
    The credit score is the best-known financial barometer to predict a borrower's future likelihood of default. Of course, you're not planning to get a mortgage to subsequently go delinquent, but lenders nevertheless use it to measure your payment predictability. Lender ...

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