This is a page of the real estate blog post. All of them are written by me, Marlon Thomas Jr, a Realtor in Williamsburg, Virginia. As I’ve mentioned before, the property market is always changing. Therefore, I feel it’s best to share my knowledge and expertise with people with such needs. After all, I have always enjoyed writing. Furthermore, I made a choice to leverage technology along with my writing skills. Thus allowing me to mesh them together and create this website.
For home buyers, I have written posts about mortgages, how to afford a home, etc. Suppose you’re a first-time homebuyer in Virginia. With this in mind, I wrote an article about how you can use the VA’s first-time homebuyer programs. This is definitely worth a read if you need financial aid. On the other hand, if you’re a seller, maybe you should consider reading about the home selling process’s seven steps instead. And if you’re in Williamsburg, I also have a page with a list of marketing services I offer. Lastly, I also explain why I would use one particular method over the other.
A blog post is a great way to connect with potential clients in real estate in the final analysis. Not to mention the abundance of info you can get at any moment. You may feel free to subscribe or reach out at any time with questions if necessary. After all, an excellent real estate agent is a source of valuable tips and insight. Thank you for reading! Please enjoy!
Getting pre-qualified and pre-approved are the very first steps of the home buying process. Without this step, you can’t get a mortgage, meaning can’t buy a home. Unless you’re a cash buyer. Nonetheless, most people will have to go through this process before home shopping. If you’re unsure of how much you’re likely to afford, try using a mortgage prequalification calculator first.
Here’s a homebuyer tip from Bank of America: “Expect surprises! Lenders look at every detail of your finances when granting preapproval. You might be asked about a car loan payment you made with a credit card, for example. Be prepared to answer lender questions as soon as they come up.”
A mortgage is a loan secured by the collateral of real estate. Mortgages typically have 15 to 30-year terms and can have a fixed or adjustable interest rate. The borrower is bound to make monthly payments to the principal, which is your outstanding balance. In the case that you stop making payments, the lender can take possession of the property. Otherwise known as the process of foreclosure.
All in all, the lender holds the most stake in your home. Therefore, by making monthly payments, you’re always increasing the amount of ownership in the property. Lastly, here’s a fun fact for you: The origin of the word “mortgage” is Latin and then came from Old French, which initially meant a death pledge.
It is vital to understand the home selling process before listing. The last thing you want is to feel like you’re flying blind while hoping for the best. As a Realtor, I’ve put together a condensed step-by-step guide to sell your home.
As you continue your home search, I’m sure you’ve wondered if it’s better to buy new construction or a resale home. You might love the idea of owning a home with the latest safety standards and modern technology. Or you might like the idea of buying an older home because of its charm. But of course, both will come with their fair share of pros and cons. Here are a few reasons you may prefer to buy a newly built home over an existing one.
Did you know 85% of home buyers request a home inspection? I think it’s safe to say, taking this step during the home buying process is extremely important, and that goes for both new construction and older homes. Doing so before taking ownership may save you a grip in the long run.
Knowing what mortgage type is best for you can be somewhat of a doozy. For this reason, it should in your best interest to find a reputable mortgage lender. This will allow you to be consulted by an expert while finding out what home loan is best.
Before continuing, I must make a disclaimer. My intent with this article is to briefly describe each type of loan while giving my opinions. I am a Realtor, and I do not proclaim myself to be a mortgage expert whatsoever.