Oceanside Homes and Real Estate For Sale - 760 822-7403 - www.PierviewPropertiesRealEstate.com -
Wednesday, November 28, 2018
Ready For Staging: 4 Repairs You Need Before Selling Your Home
Selling your home is a complex process that may take weeks to complete. This is partially because your house may need to be updated or renovated before it can go on the market. What are some of the most crucial fixes that you should make before listing your property?
Update the Exterior
The first thing that you will want to do is make sure that the home's exterior is in good condition. This may involve landscaping work such as removing trees or shrubs that are dead or dying. It may also involve inspecting the roof, siding or other exterior components that may need to be repaired or updated to make the house easier to sell. At the very least, a fresh coat of paint should be applied before putting the house on the open market.
Check the Air Conditioning
If you have a central air conditioning unit in your home, make sure that it works properly. This means that it should start easily and produce an even amount of cool air throughout the house.
Ideally, you will have it inspected once a year by someone like Doctor Fix-It. However, inspecting it and making repairs prior to selling your home should be considered mandatory. It may also be a good idea to check the furnace and clean the ducts before you show the home to buyers.
Make Sure the Floors Are Adequate
Whether your home has wood floors or carpet, make sure that they are in good condition. If necessary, wax and clean the wood or put down new carpet in areas where it may be frayed or dirty. If you are going to replace your carpet, make sure that it is the same color and style throughout a given space.
Check the Plumbing and Electrical Systems
Buyers aren't going to want to put an offer on a home that has poor water pressure. They are also unlikely to want to make an offer on a home that has dangerous electrical wiring. If the fixes to either system are relatively minor, you can do them yourself. However, it may also be a good idea to call a professional to make sure that the job is done safely.
Selling your home can be a great way to help you downsize or lock in profits. However, if the process is not done right, it could reduce the sale price of the home or result in the home staying on the market longer than you anticipated that it would.
If you have any Questions regarding the Staging of Your Home - Give David Albert Broker/Owner PIERVIEW PROPERTIES REAL ESTATE 760 - 822-7403
The 2018 VA Home Loan limit increased to $649,750 in 2018 in San Diego Counties. The maximum conforming VA loan limits for mortgages acquired by Fannie Mae and Freddie Mac are determined by the The Federal Housing Finance Agency (FHFA).
2018 VA Loan limits apply to all loans closed January 1, 2018 through December 31, 2018.
These limits do apply to most military borrowers. These increased VA loan limits are intended to allow Military borrowers in more expensive loan markets to borrow more without having to put any money down. In most markets the VA loan limit is $453,100. ____________________________________
VA Home Loan Myths
There are many VA home loan myths out there that deter people from fulfilling their dream to own a home. Within the VA Loan field there tends to be multiple myths concerning when and who can be eligible for a VA Loan. Do not allow these typical misconceptions to deter you from searching into it and hopefully the data given here will assist you in securing a loan for your house. Here are a few myths explained. Myth 1: I do not have a full 2 years of service; therefore, I am not qualified.
This isn’t necessarily the whole truth across the board. As a general rule for eligibility, the Veteran handbook reports that a veteran is qualified for VA housing loan benefits if she or he served on active duty within the Coast Guard, Marine Corps, Air Force, Navy, or Army was discharged underneath conditions other than dishonorable following either: ninety days or more, any portion of which happened within wartime. OR- 181 continual days or above (Peacetime). Two-Year Requirement: A longer length of service requirement has to be met by veterans who: Enlisted (then service began) following September 7th, 1980 OR- Was an officer, plus service started following October 16th, 1981 Those veterans have to have either completed: Twenty-four continual months or beyond OR- The complete span for which ordered to active duty, yet not less than ninety days (any portion within wartime) or
181 continual days (peacetime).
Myth 2: I only can utilize my VA benefit for my initial house.
There are multiple situations where you might reuse your VA entitlement to secure a housing loan, according to VA guidelines: Entitlement that was previously utilized in conjunction with a VA housing loan might be restored underneath specific circumstances.
When restored, it could be utilized again for additional VA Loans.
Restoration of previously utilized entitlement is probable if: The property that secured the VA guaranteed loan was sold,
and the loan was paid in full. OR- A qualified veteran-transferee agreed to assume the outstanding balance upon the VA loan and substitute her or his entitlement for the same quantity initially utilized upon the loan. The assuming veteran has to additionally meet occupancy, credit and income requirements of the law. OR- The previous VA loan was paid in full and a veteran has made application for the loan to be secured by the exact same property that secured the previous VA loan. OR- The previous VA loan was paid in full, yet the veteran hasn’t disposed of the property that secured the loan. Myth 3: I have a foreclosure or bankruptcy upon my credit history,
and thus am not qualified for a VA loan.
A bankruptcy within an applicant’s (or a spouse’s) credit history doesn’t in itself disqualify a loan, according to VA guidelines. A good credit history especially after the bankruptcy and length of time since the bankruptcy can be contributing positive