Charles Burt Realtors Blog

What Should You Look for In Your Real EstateTeam?

by Michelle Clemons, Realtor

What Should You Look for In Your Real Estate Team? | MyKCM

How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender?

The most important characteristic that you should be looking for in your agent is someone who is going to take the time to really educate you on the choices available to you and your ability to buy in today’s market.

As the financial guru Dave Ramsey advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Do your research. Ask your friends and family for recommendations of professionals they’ve worked with in the past and have had good experiences with.

Look for members of your team who will be honest and trustworthy; after all, you will be trusting them to help you make one of the biggest financial decisions of your life.

Whether this is your first or fifth time buying a home, you want to make sure that you have an agent who is going to have the tough conversations with you, not just the easy ones. If your offer isn’t accepted by the seller, or they think that there may be something wrong with the home that you’ve fallen in love with, you would rather know what they think than make a costly mistake.

According to the Home Buyer and Seller Generational Trends Report:

Buyers from all generations primarily wanted their agent’s help to find the right home to purchase. Buyers were also looking for help to negotiate the terms of sale and to help with price negotiations.” Additionally, “Help understanding the purchase process was most beneficial to buyers 37 years and younger at 75 percent.”

Look for someone to invest in your family’s future with you. You want an agent who isn’t focused on the transaction but is instead focused on helping you understand the process while helping you find your dream home.

Bottom Line

In this world of Google searches, where it seems like all the answers are just a mouse-click away, you need an agent who is going to educate you and share the information that you need to know before you even know you need it.

Posted by Jackie Brummett on April 3rd, 2018 10:59 AM

7 Factors to Consider When Choosing A Home to Retire In

As more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.

According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.

1. Affordability

“It may be easy enough to purchase your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.

Would moving to a complex with homeowner association fees actually be cheaper than having to hire all the contractors you would need to maintain your home, lawn, etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement?

2. Equity

“If you have equity in your current home, you may be able to apply it to the purchase of your next home. Maintaining a healthy amount of home equity gives you a source of emergency funds to tap, via a home equity loan or reverse mortgage.”

The equity you have in your current home may be enough to purchase your retirement home with little to no mortgage. Homeowners in the US gained an average of over $14,000 in equity last year.

3. Maintenance

“As we age, our tolerance for cleaning gutters, raking leaves and shoveling snow can go right out the window. A condominium with low-maintenance needs can be a literal lifesaver, if your health or physical abilities decline.”

As we mentioned earlier, would a condo with an HOA fee be worth the added peace of mind of not having to do the maintenance work yourself?

4. Security

“Elderly homeowners can be targets for scams or break-ins. Living in a home with security features, such as a manned gate house, resident-only access and a security system can bring peace of mind.”

As scary as that thought may be, any additional security and an extra set of eyes looking out for you always adds to peace of mind.

5. Pets

“Renting won’t do if the dog can’t come too! The companionship of pets can provide emotional and physical benefits.”

Evaluate all of your options when it comes to bringing your ‘furever’ friend with you to a new home. Will there be necessary additional deposits if you are renting or in a condo? Is the backyard fenced in? How far are you from your favorite veterinarian?

6. Mobility

“No one wants to picture themselves in a wheelchair or a walker, but the home layout must be able to accommodate limited mobility.”

Sixty is the new 40, right? People are living longer and are more active in retirement, but that doesn’t mean that down the road you won’t need your home to be more accessible. Installing handrails and making sure your hallways and doorways are wide enough may be a good reason to look for a home that was built to accommodate these needs.

7. Convenience

“Is the new home close to the golf course, or to shopping and dining? Do you have amenities within easy walking distance? This can add to home value!”

How close are you to your children and grandchildren? Would relocating to a new area make visits with family easier or more frequent? Beyond being close to your favorite stores and restaurants, there are a lot of factors to consider.

Bottom Line

When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, let’s get together to evaluate your ability to sell your house in today’s market and get you into your dream retirement home!

Posted in:Buying Tips and tagged:
Posted by Jackie Brummett on March 15th, 2018 8:36 AM

Tips for purchasing a short sale home:

  1. A short sale is different from a foreclosure
  2. Foreclosure is when the seller's lender has taken title of the home and is selling it directly
  3. During a short sale, the homeowner is trying to sell the home in order to avoid foreclosure
  4. The lender has to agree to allow the owner to attempt a short sale
  5. The lender will be taking a loss on the loan
  6. Even though the seller will sign on the accepted sales contract, it must still be approved by the lender.

Are you a patient buyer?  Often it takes anywhere from 2 to 4 months to complete a short sale!

Be sure you completely understand the short sale process before making an offer on the property

Posted by on March 23rd, 2016 10:12 AM
If you are not experienced in purchasing a home, here are some tips for you:
  • Before you start your search, decide what features you must have in your home
  • Make sure you know what you want before starting your home search
  • Decide whether it is best to rent or buy (On our website are several helpful mortgage calculators)
  • When searching for your home, always look at the potential for resale
  • Have all necessary personal financial information gathered and ready to take to a lender
  • Get pre-qualified/pre-approved for a home mortgage loan
  • Be sure to stay within your budget
  • Educate yourself on the current market conditions
  • Make sure you have representation during the home buying process; get a Buyer's agency with a Realtor. Work with a Realtor that will represent and guide you through the complete process.
Posted by on January 27th, 2016 11:57 AM
Tips on how to reduce the stress of buying a home part 2;
5). Once you have narrowed your home search down, be sure you drive through the neighborhood at various times of the day.  You want to get an idea of what the neighborhood activity is like throughout the day,and night.  

6).  Whether your offer on a home is written or verbal, it should be based on two things;
a).  What you can afford, b). What you believe the home is actually worth.  A professional Realtor representing you as a buyer's agent can do a Comparable Market Analysis on the home.  The Realtor will have knowledge of market conditions and recent sales, etc.

7).  Get a home inspection!  A home inspector's sole responsibility is to provide you with detailed information regarding the home.

8).  Once you have obtained your credit score, been pre-approved for a home loan, DO NOT MAKE any major purchases before closing on your new home.  Too many times a home buyer will obtain a signed and accepted contract on a home and before closing make a large purchase or even two before closing on the home.  REMEMBER, lenders will recheck your credit score before your scheduled home closing.  If you have made a large enough purchase before closing on your home.   It could have a major effect on your credit score and possibly keep you from closing on your home.
Posted by on November 19th, 2015 11:34 AM
Whether you are a first-time home buyer or experience in buying a home here are a few suggestions!   Almost everyone at one time or another has faced the decision should we buy a home or rent?

Buying a home is not something you should take lightly!  To avoid what Realtors term "Buyer's Remorse" (where potential buyers have made an offer on a home only to later wonder if it was the right decision?), you should be prepared with as much information about the process as possible.  You may think you are ready to become a homeowner, but have you done your research?

You should not commit to buying a home until you are ready!  
1)Do you know your credit score? (it is very easy to find your credit score thanks to the internet.  Three established companies many individuals use are Experian, TransUnion and Equifax.
2)Have you visited with a mortgage lender in order to determine "How Much Home Can I Afford).   
3). After steps 1 and 2 you know your credit score and how much home you can afford.
Now you are prepared for the next process in buying a home, locating available homes within your price range
4)Decide location, school district (even if you do not have school aged children, school districts often help resale your home) number of bedrooms, number of baths, square footage desired in your home.  Decide what features are important in your next home!  
5).  Now you are ready to start your home search.  However, the typical person will start their home search before doing steps 1 through 4.   The internet has made access to homes for sale a much easier process.  Be cautious about looking at homes before you truly know how much home you can afford!  Nothing will make you depressed any quicker than finding that perfect home only to discover it is out of your price range.  An old saying is very appropriate, "Do Not Put The Cart Before the Horse!"
6). Your Realtor will assist you through the home buying process.  One important step is to have a home inspection.  This will allow you to ensure the home is in good condition.

Be sure to check out our mortgage calculators and mortgage saving tips on our website.
Posted by on September 30th, 2015 10:13 AM

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