finance options

Finance Options When Buying a Home

It’s a great time to be  looking for a new home.  With that, comes all the financial decisions.  Do you have cash or will you be looking for a mortgage loan?

There are many options for residential loans.  Some of these options include:

Conventional

FHA

VA

USDA-RD

State Housing Programs

Jumbo

Renovation Programs

New Construction End Loans for Permanent Financing

Reverse Mortgages

Are you looking for a fixed rate or interest-only loan?  There are also adjustable rates and hybrid arms.

You may be looking for a 1-4 family property, a single-family home or a second home.  You could also be an investor looking to flip a home.

All these options may be confusing but the best first step is to speak with a mortgage lender and discuss your options.  Before you start looking at homes you are interested in, it’s important to meet with a mortgage specialist.  They can explain the different types of loans you may qualify for.  They will also look at your financial situation and talk to you about the price range you may want to be looking at and can provide you with a pre-approval when you find a house that fits your needs and budget.

Once you know your price range, your real estate agent can show you homes that fit your criteria and budget.  It is critical to talk to your lender first since a pre-approval is needed when you are ready to make an offer on a house.  If you are unsure which lender to start with, talk to your agent.  They can make suggestions on local banks and mortgage companies.  Your loan officer and your agent will be with you every step of the way to help the transaction proceed smoothly and keep you informed at every step.

Are you thinking of starting a real estate career?  Agent Rising Real Estate School has you covered! We offer online courses to help you earn your hours needed as well as all the tools you need to pass your real estate exam.  We also offer Broker Courses! Earn your broker hours in two eleven-hour days.  Visit www.agentrising.com and sign up today! or call 508-997-8844

 

Real estate career

5 Tips to Launch Your Real Estate Career

You’ve just passed your real estate exam and are ready to start your new career.  Here are 5 tips to help you launch.

1. Treat it like a Job. Go to work at 9 am (or whatever your designated “working hours” are) and start your day. Offer to help with what is needed. Dress and act professionally. Act “AS IF”.  Sign up for uptime and be available when the phone rings.  Start your marketing strategy with daily prospecting calls.  Send out your postcards announcing your new profession to the neighborhood.  Start handing out your business calls.

2. Follow a training Plan. Whatever your sales training is, do it the way it is laid out for you. Don’t get creative or skip corners. If your company does not provide a training program, use other resources to follow one. Make your car a traveling classroom. Shadow one of the more experienced realtors in the company.  Offer to help them at an Open House or showing appointment.  It is a great learning experience.

3. Join a Committee at the Board of Realtors. Become embedded in your professional board. Take advantage of what State and National Associations of Realtors has to offer. Treat other Realtors as your A+ customers. Go to events!

 

4. Volunteer on a Local Level. Become an integral part of your community. Southcoast- Serves (www.south-coast-serves.org) has many volunteer opportunities if you don’t have any favorites. There are many opportunities to help out in your community.  Volunteer at school or sporting events.  It will help you get noticed.  Wear your company swag so people will be aware of your new profession.

 

5. Become Dedicated and Informed. Work toward certifications, Follow Real Estate News through sources like Inman News, Bloomsberg, and MAR and NAR. Get on their email news flashes.

 

Please contact us at Agent Rising with any questions you may have. We can help you jump start your career and get you noticed.

www.agentrising .com  or call 508-997-8844

ScholarSHARE

Agent Rising’s ScholarSHARE Program

Earn a Free Online Course

Have you always wanted to go into Real Estate but didn’t know what steps to take to get there or faced obstacles that prevented you from pursuing your goal? We select a deserving winner every month to take the SOAR Online Real Estate Class for FREE, valued at $327. This scholarship is awarded each month. You can re-apply if not selected for the current month.

Now is a great time to start a real estate career! With unlimited earning potential, you can be your own boss and make your own schedule. The more time you put in, the more you get out of your real estate career.

We understand that finances may be an issue to starting your real estate career. Tell us your story and how a real estate career can change your life and you may be chosen to receive our free online course.  It’s a great opportunity to change your life!

We provide you with all the tools you need to pass your real estate exam! Start now and you could be a real estate agent by the New Year!

Visit www.agentrising.com or call 508-997-8844

fall curb appeal

Fall Curb Appeal

According to HGTV, here are some tips to enhance your curb appeal this fall, and get your house sold.

Spruce Up Your Lawn

While brilliant fall foliage can automatically make your home look more attractive for showings, that doesn’t mean you can slack off on lawn maintenance during this season. Keep falling leaves at bay with frequent raking and patch up any brown spots in the grass.

Plant Fall Flowers

Once your lawn is looking its best, spice it up with a splash of color. As your summer plants start to fade, replace them with vibrant mums or other colorful flowers.

Highlight Your Front Door

Making your front door the focal point of your home’s exterior is a good tactic no matter what time of year you decide to sell your home. During the fall, a simple wreath of fall foliage and flowers can add an inviting touch. A fresh coat of paint in a vivid red can also make your entrance stand out.

Clean Up the Exterior

When fall rolls around and the trees shed their leaves, your home becomes more exposed, making its exterior appearance extra important. Before putting your home on the market, pressure wash the exterior and clean the windows. If the paint is chipped or faded, applying a fresh coat will do wonders to revive your home’s appearance.

Clear Out All Gutters

Staying on top of yearly and monthly maintenance lets buyers know you care about your home’s upkeep. During the fall, be sure to clear your gutters and downspouts of leaves and other debris, which will protect your home from water damage.

Add Outdoor Lighting

As the days get shorter, it becomes increasingly important to provide potential homebuyers with a safe path to your front door. Use decorative lights to illuminate walkways, and install flood lights or lanterns to brighten up entrance areas.

Keep Decorations Simple

While subtle fall decor – a wreath on the door or pots of seasonal flowers – will make your home look inviting and fresh, going overboard will distract buyers from your home itself. Save your scarecrows and spooky Halloween decorations for another year.
Visit www.hgtv.com for more ideas to make your home pop.
Visit www.agentrising.com to start your journey to your real estate career.  Agent Rising has online as well as Live Hours to help you prepare and pass your real estate exam.  Now is a great time to become a real estate agent.  Let Agent Rising give you all the tools you need to be a licensed agent by the end of the year.
Don’t forget our LIVE Bootcamp, Friday, October 4th and Saturday, October 5th. It’s not too late to sign up!
Call 508-997-8844
This blog was posted on www.boldrealestate.com on October 2nd, 2019
Real estate terms

Important Real Estate Terms

Are you ready to become a real estate agent? Here are some important terms you will need to know.

Buyer’s agent and Listing Agent:  A buyer’s agent represents the buyer in a transaction and the listing agent represents the seller.  They may also be called a seller’s agent.

Fixed rate vs. adjustable rate mortgage:  A fixed rate mortgage has a rate that doesn’t change for the life of the loan, common in a 30-year fixed-rate mortgage.  An adjustable rate mortgage varies over the life of the loan.

Pre-approval letter:  A pre-approval letter is given to a buyer by their lender with an estimate of how much they are willing to loan the buyer.  It is necessary to put an offer in on a house.

Home Inspection: A Home inspection is usually scheduled after an offer is accepted on a home.  A home inspector is hired by the buyer to thoroughly inspect the house top to bottom and inform the buyer of any major issues or defects and long term problems.  The cost can be between $500-800 dollars.

Appraisal:  The lender will order an appraisal of the property prior to closing.  A licensed appraiser will come out to the house and estimate the house’s value as compared to other comparable homes in the area.

Offers and Purchase and Sale contracts:  A real estate agent will fill out an offer for the buyer with the price they are willing to pay for the home and any contingencies they are asking the seller to make.  The seller will either accept the offer or offer a counter-offer to the buyer until a price is agreed upon.  If the offer is accepted, a purchase and sale will be drawn up by the real estate agent or the seller’s attorney.  It is always a good idea to have an attorney look over the purchase and sale on both the buyer and seller end before it is signed.  Once signed, a deposit is given to the seller’s  agent to be put in an escrow account.  This contract is legally binding.

Closing Costs:  These are the expenses that the buyer and seller will be responsible for at closing time.  These include attorney fees, recording fees, tax stamps, and property tax to name a few.

These are just some of the terms you can expect to see on your real estate exam and in your day to day dealings as a real estate agent.  Visit www.agentrising.com to start on your road to your real estate career.  We have all the tools you need to pass your real estate exam.  We offer online courses as well as live hours to fulfill your requirements.  You can also call Marie at 508-997-8844

 

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