Our South Bay Community Blog

Getting a 203(k) Loan to Finance Your Fixer Upper HomeProspective home buyers who are interested in purchasing a home that is classified as distressed or is in need of significant renovations, updates, or repairs may find it difficult to find financing to cover these improvements, in addition to the purchase price. In this situation, buyers may want to consider applying for a FHA 203k loan, guaranteed by the Federal Housing Administration, instead of a construction loan that may be more difficult to obtain.

FHA 203k Loans Allow Buyers to Combine Mortgage Plus Renovation Costs

The FHA 203k loan was designed to allow borrowers to combine the purchase costs plus the cost of renovations into one mortgage. In addition, borrowers may be able to also include funds to cover costs of housing for up to

89 Views, 0 Comments

How to Decide if You Should Buy a Fixer UpperMany buyers love charming older homes in up-and-coming neighborhoods. Many enjoy tinkering around working on home projects. Sometimes, a buyer's budget just won't support a new, move-in-ready house, particularly in competitive markets like Henderson.

Whatever the reason a potential home buyer is considering buying a fixer upper home, it's not a bad choice. Homes that need work can end up being dream houses if the owner proceeds strategically and knowledgeably during the renovation process. On the downside, they can also be money pits with unforeseen expenses that tank even the most determined fixer-upper owner. 

Buyers should think carefully and answer these six questions honestly before deciding to buy a fixer upper. 

Buyer DIY Skill

138 Views, 0 Comments

Understanding FHA Loans: FHA ExplainedWhen it is time to purchase a home, choosing the right home mortgage can be nearly as complicated as choosing the right house. Even though the mortgage interest rates are still low across the board, they are beginning to move up, with the FED recently raising the prime rate another quarter percent, with future raises expected.

In addition to rising interest rates, home buyers who select a loan without understanding how it works or comparing the terms involved may be ignoring key differences that could end up making them repay more than they should over the life of the loan or make the application and approval process more complicated than it needs to be. If preparing to dive into the housing market, this overview of one of the most popular loan

77 Views, 0 Comments

Should I Get a Home Warranty?After purchasing a home, the new homeowner will likely be offered a home warranty by special home warranty companies. In other instances, sometimes the previous owner will purchase a home warranty to give the new owners some peace of mind. But many homeowners wonder: is a home warranty really worth it?

What Is a Home Warranty?

Like a warranty someone would buy to protect their cell phone or computer, a home warranty does that for a home and it covers most major appliances and major systems such as ovens, furnaces, and hot water heaters. If something breaks, homeowners with a warranty can file a claim with the company the warranty was purchased from and they will send someone to fix it.

What Does it Cost?

Premiums for a home warranty

642 Views, 0 Comments

How to Sell a Home Quickly and EasilyIt's a good bet that today's home buyers have done their research and are ready to move quickly when they find the home they want to purchase. This is why it is more important than ever for homeowners who want to sell their home to make sure their home is completely ready for the market. But seller responsibilities do not end when the cleaning and decluttering is completed or when that fresh coat of paint has dried. For home sellers who want to ensure an optimal selling process from listing date through closing date, the following tips can help.

Team Up With A Qualified Agent

The first and most important task for homeowners who have prepared their home for sale and are ready to put the home on the market is to team with a successful,

70 Views, 0 Comments

house hunt choices A home purchase is a major decision, and a lot of influencing factors should be taken into consideration. In addition to how long the work commute might be or how close restaurants and shopping are, it pays to think about what type of home to buy.

Some people tend to like the independence of a single-family home, which allows them to do as they please with the property. They can landscape how they choose or add on another room down the line. Others opt for the condo lifestyle, appreciating that the bulk of home and yard maintenance will be done for them. When it comes time for a new roof, it won’t be coming solely out of their pocket. How do you know which to choose?

Benefits Of A Single-Family Home

Owning your own home is synonymous with

227 Views, 0 Comments

How Seniors can Sell their Homes When Downsizing or MovingFor many seniors, selling a home after many years of living in one place can be emotionally and physically challenging. Some seniors face physical limitations that can make packing up and staging a home difficult. For seniors who live in older properties, making upgrades and performing deferred maintenance may be a critical but challenging component of preparing the home for sale. Having a plan in place and knowing when to reach out for help can help make preparing the house for sale easier.

Upgrade Older Decor

Many seniors live in the same homes they have occupied for decades. Older homes with older decor may get lower offers from home buyers who believe they will need to make major improvements before moving into the house. Making cosmetic

37 Views, 0 Comments

How to Manage a Home Sale While Moving at the Same Time Selling a house is a busy process with multiple steps from cleaning to listing to closing, and it can be an extended process that takes up a lot of time. Moving, too, can be an extended process that involves purging, packing and getting all belongings from Point A to Point B. Doing them simultaneously? That's a balancing act. Staying organized, simplifying household chores, getting help from experts and packing early in the process can help make these events more manageable. 

Purge, Purge, Purge

Clutter is the enemy during a move and when selling a home. Clutter can make a home look small and messy, which may turn off home buyers. Clutter also makes moving more difficult and expensive. One of the best ways to simplify the moving process and

236 Views, 0 Comments

Revamping a Home with a Bad Backyard Sometimes, the home that is right for you comes with an exterior property that is all wrong. If the home is perfect but the backyard is completely out of control, you may still be able to turn it into an excellent place you will love for years to come. These tips will help you prepare.

Consider Safety

There is a reason that families with vulnerable members prefer homes with an enclosed backyard: It is easier to keep them safe. The first item to consider in the landscape is the safety hazards that are posed to you and any family. Make a list of the worst problems, with water features at the top of the list. Any old structures on the property may become a climbing risk for any children present, especially if they won't be fixed up and put to

41 Views, 0 Comments

Buying a New Home to Downsize When it comes to buying a home, there are plenty of options available. Most current home-owners purchase a home that is similar in size or larger larger than what they already have. They want to move up either because they need or want more space, or because they are expanding their family. But not everyone wants a larger home. Some buyers are interested in downsizing and getting a smaller house, either because all of their children are grown, they are getting divorced, they want to live a more minimalist lifestyle, or for a myriad of other reasons. With that in mind, there are several things to consider when downsizing.

How Small is Too Small?

When downsizing, it's very important to think about the size of the home that's really needed. Not

41 Views, 0 Comments