Navy Fellas Realty Group

Real Estate, Residential sales and purchase

One-stop Shopping: The Quick and Easy Guide to Buying a Home the First Time You See It

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One-stop Shopping: The Quick and Easy Guide to Buying a Home the First Time You See ItMost people peruse the real estate market for a while before they bite down and decide to invest in a home. However, whether you’re in a rush or you think you’ve found the ideal place, it’s possible you may be ready to put in an offer on the first visit. If you’re trying to determine how you can get the home you’re looking for the first time around, here are a few things to be aware of when going in.

Are There Any Maintenance Issues?

If you’re planning on putting in an offer right away, it’s imperative to take a look around at any maintenance issues that jump out. You may not be able to notice all of the things that might be in need of fixing, but watch out for things like peeling paint, windows drafts and small fix-ups that haven’t been completed. This will give you a sense of what the overall home maintenance is like and may be a good sign of whether the home is a solid bet.

What Are You Willing To Pay?

Many people have an idea of what they want to spend, but it often flies out the window as soon as they see their dream home. It’s important, however, to keep in mind what kind of offer you want to put down and not stray too far from it. This will ensure that you pay a reasonable price for your home and won’t be stretching your monthly budget. It’s just important to be ready to negotiate!

What Do You Really Want?

It’s easy to get swept away by the excitement of investing in a home, but if you’re planning to buy you’ll need to know exactly what you’re looking for so you can avoid buyer’s remorse. Instead of making a split decision, write down a list of the things that you absolutely must have and the things you can do without. If you find a great place, you might be willing to let go of them in the moment, but review the list before making an offer to ensure it’s the right choice.

There are a lot of factors that go into buying a home, but if you’re prepared to purchase on the first visit it’s important to determine beforehand what you really want and the price you want to pay. If you’re currently searching for a home, contact your trusted real estate professional for more information.

3 Simple Home Security Upgrades That Will Help to Deter Burglars

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3 Simple Home Security Upgrades That Will Help to Deter BurglarsWhether you’re going on an extended holiday or are just concerned about security in your neighborhood, you might be curious about the best ways to pursue safety in your home. If you’re wondering how you can successfully stave off theft without a high price tag, here are some tips for protecting your property.

Keep It Clean

It’s often said that one of the first things a burglar will look for when it comes to a prize home is an unkempt property. Fortunately for you, this means that keeping your property clean and tidy is a great way to prevent your home from being targeted. While everything doesn’t need to be spic and span, it’s a good idea to ensure that the lawn is mowed, the trees are well maintained and no tools or toys are hanging out on your yard for days on end. It might seem inconvenient, but it has the double-convenience of keeping your property clean and preventing crime!

Install Motion Activated Lights

It might have seemed like a good trick a few years ago to leave on the lights in the hope of scaring away burglars, but with more sophisticated technology comes more sophisticated methods. While you may want to use timers for your lights so they can go off randomly and give the illusion of you being at home, you may also want to spring for motion-activated lights. There is no 100% guard against crime, but motion-activated lights can work to scare off someone who’s up to no good and illuminate your property for observant neighbors.

Secure Doors and Windows

Locking your doors and closing your windows might seem like the most apparent of security tips, but it actually goes a long way in deterring crime. Burglars are often looking for the easiest target and that means that an unlocked door or a slightly ajar window can go a long way in convincing them of a prospect. Instead of risking it, ensure that your doors are locked and all windows are secured before leaving your home. You may also want to use extra reinforcements if you have sliding windows or French doors.

Protecting your home may seem like it comes at a high premium, but there are very simple and economical ways to keep your home secure. If you’re currently preparing to put your home on the market, contact your trusted real estate professional for more information.

Living With a Small Green Space: How to Make the Most of a Smaller, Intimate Yard

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Living With a Small Green Space: How to Make the Most of a Smaller, Intimate YardIt’s great to have a yard in this day and age, but so many new developments in the city have limited green space for you to let your imagination run wild. If you’re wondering what you can do with your patch of green space or small yard, here are a few options for making it aesthetically appealing and still maximizing its potential.

Pick A Centerpiece

In order to stretch the look of your green space, try adding a centerpiece or focal point that will draw the eye and instantly improve your yard’s appeal. Whether you decide on a planter, a birdbath or an awning covered in vines, a unique piece will work to distract from the limitations imposed by your yard. A centerpiece may do nothing to expand your garden space, but by changing the way you view it, it will make all the difference in how you feel about it.

Make It Match

Your garden or back green space is going to look a whole lot smaller if it’s eclectic style diverges greatly from your home, so keep the two aligned. If there’s a selection of colors and style you use in the room that faces your yard, use them outdoors! It’s also important to make it something you’ll really use. As landscape architect Amber Freda of Amber Freda Home & Garden Design says, “A plain dining table with wooden chairs won’t entice you to use it very much, but really comfortable lounge seating will.”

Keep It Clean

It’s a well-known fact that clutter in any enclosed space will instantly make it look smaller, and it’s no different when it comes to your yard. Instead of jamming an excessive amount of stuff into your small space, keep it simple and decide exactly what you want to get out of the area, whether it’s a vegetable garden or a comfortable place to sit. In keeping with clutter free, you’ll also want to make sure you keep any invasive or aggressive plants from making themselves too comfortable!

It may seem limiting to have an undersized green space, but by deciding what you want to get out of it and creating a central point of interest, you’ll be well on your way to a comfortable place. If you’re currently fixing up your home in the hopes of putting it up for sale, contact your local real estate professional for more information.

What’s Ahead For Mortgage Rates This Week – May 8, 2017

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Last week’s economic news included readings on construction spending, the post-meeting statement by the Fed’s Open Market Committee and labor-related reports including ADP payrolls, Non-farm payrolls and the national unemployment rate. Weekly readings on new jobless claims and mortgage rates were also released.

Fed Rate Unchanged, Mortgage Rates Hold Steady

Federal Reserve policymakers did not change the target federal funds rate, which ranges from 0.75 to 1.00 percent. In its usual post-meeting statement, FOMC said that a weak first quarter was “transitory” and expected economic growth to continue going forward. Less consumer spending contributed to a sluggish first quarter, but analysts said that a rate hike was very likely at the FOMC meeting in June. The FOMC included its usual caveat concerning monetary policy in its statement; FOMC policies are not pre-determined, but are based on members’ ongoing review of news and economic developments.

Freddie Mac reported minor changes in its weekly survey of mortgage rates. 30-year fixed rate mortgage rates were one basis point lower at 4.02 percent. The average rate for a 15-year fixed rate mortgage was unchanged at 3.27 percent; the average rate for a 5/1 adjustable rate mortgage rose one basis point to 3.13 percent. Discount points averaged 0.50 percent for all three mortgage types.

Construction, Labor Reports Reflect Economic Growth

Construction spending fell in March after an unusually high reading in February. The original growth rate for February construction spending was 0.80 percent, but was adjusted to 1.80 percent. A spurt of unseasonably warm weather was cited as pushing construction activity to unusual levels in February. Construction spending fell by -0.20 percent as compared to an expected reading of 0.50 percent, which was based on the original reading for February.

ADP Payrolls reported lower growth for private sector jobs in April with a reading of 177,000 new jobs as compared to 255,000 new jobs gained in March. The Federal Non-farm payrolls report, which covers public and private sector jobs, posted a gain of 211,000 jobs in April after reporting only 79,000 jobs added in March. The disparity in month to month readings indicates ongoing volatility in jobs growth, but the national unemployment rate dropped to 440 percent in April from 4.50 percent in March. Low unemployment rates can indicate economic growth with job seekers gaining employment.

Til’ Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Poor Credit Score

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Til' Debt Do Us Part: How to Get a Mortgage If One Spouse Has A Terrible Credit ScoreA poor credit history is a reality for many people, but it can be particularly daunting when it comes to investing in a house. Fortunately, simply because you or yours have experienced bad credit doesn’t mean that you should be penalized in the future. If your spouse has struggled with bad credit in the past but you’re both preparing to move forward and invest in a home, here are some tips for getting it together financially.

Face The Music

Many people who have bad credit are too scared to take a look at their credit report and broach it honestly, but it’s important to come to terms with the problem so that it can be fixed. Instead of ignoring it, get a copy of the credit report and review it for any errors so that you can update these if needed and be aware of the issues impacting your credit score. While there may not be any inaccuracies on the report, knowing what you’re dealing with will give you a point to start from.

Make Your Payments

At some point, most people have missed a credit card or bill payment, but the first step involved in improving your finances and your credit is ensuring your spouse is paying their bills on time. While this won’t require paying the complete balance each month, it’s important to pay the minimum balance before the due date, and stick with it! It may seem like a small step, but over time it will improve credit and say a lot to mortgage lenders!

Save Up For Down Payment

20% is the amount that’s often suggested when it comes to a down payment, but if your spouse has terrible credit, it may be worth your while to save up more. It goes without saying that having good credit for both yourself and your spouse is important in getting approved for a mortgage, but by having extra for your down payment and paying your bills on time, you may be successful at convincing lenders you’re a solid bet.

It can be a lot more difficult to get your mortgage approved if your spouse has bad credit, but there are steps you can take to improve your financial outlook and give lenders a better impression. If you’re planning on investing in a home in the near future, contact your local real estate professionals for more information.

Three Ugly, Dated Design Features That You Need to Get Rid of Before You Sell Your Home

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Three Ugly, Dated Design Features That You Need to Get Rid of Before You Sell Your HomeThere are a lot of inexpensive renovations that can easily improve the value of your home, but you might not be aware of dated features that are working against you and aging its look. If you’re ready to put your home on the market and are wondering what types of design will downgrade your home’s appeal, here are a few things you may want to consider upgrading or discarding before planning your first open house.

Bright Accent Walls

While brightly colored paint can certainly enhance a room if it’s done in the right home and the right space, it can also age the room it’s in. If you’ve got a neon tone that’s overstayed its welcome, you may want to pull out the paint and go back to a neutral-toned wall. This will ensure that visitors to your home are not overwhelmed by the look and won’t have to consider renovating right away if they don’t like the color.

Lightly-Shaded Wood CabinetsIt’s one thing if you’re in a log cabin, but most potential homebuyers don’t want to see old kitchen cabinets that are lightly toned like maple and oak. This color palette can instantly age a kitchen and they’re also not that easy an upgrade. A kitchen is one of the most important selling features of your home, so instead of leaving this to chance, consider pulling out the paint for an instantly improved cabinet finish.

Clunky Furniture Pieces

The furniture that fills your home may be one of the easiest fixes there is, but it also has a significant impact on how homebuyers will view the potential of your home. A large L-shaped couch or a clunky chair can not only swallow up a room, they can create an unpleasant visual for the buyer. In these modern times, it’s best to stick with a more minimal look so that homebuyers can imagine themselves in your house. If you can’t cover up your item, you may want to consider moving it out when it comes time for home viewings.

There are many design features and items in your home that you may love, but when it comes to oversized furniture and bright accent walls, they may not appeal to the modern buyer. If you’re currently cleaning up your home and are planning to put it on the market soon, contact your local real estate professional for more information.