If visiting or passing through Pensacola one must stop by Joe Patti's Seafood... if just to see or to pick up the freshest seafood in town. And if you time it right you may see Frank doing what he does best ....yelling at his crew to move faster. Located at the intersections of Main and B Streets in downtown Pensacola. You can't miss it.
If you are ready to being the house hunting process you will need to be prepared to have some ‘earnest funds’ available.Typically, the amount is 1-5% of the purchase price.
When does earnest money come into the picture? Once an offer is made ‘Earnest Money’ or “Earnest Funds” is money provided by the buyer as a good faith gesture to let the seller know you are serious about buying their home.The amount of earnest money is deposited into an escrow account with a title company, escrow company or the seller’s broker.Earnest money gives the seller a peace of mind to move forward with the next steps of the transaction and proves that you are sincere…. or ‘earnest’ about the purchase.
So, what happens once your earnest funds are deposited into an account?This account is called “Escrow”.This money is not a down payment for the purchase of the home, however it can be included into the purchase price.
Can Earnest Money ever be returned? Yes, however you’ll want to read and understand the purchase agreement because there are several ways you can have your earnest money deposit returned.If everything happens as it should the earnest money will be included into your closing costs.But you’ll need to be careful and read your purchase agreement because there are several ways you could lose your earnest money deposit too.You will want to make sure your agent has contingencies written into your agreement so you can get your earnest money returned if the deal does not work out.
·What if the home does not get appraised at the offered amount?Perhaps you make an offer and it is accepted by the seller however the appraisal does not come in at the agreed purchase price.
·What if the home does not pass the home inspection? The home may have significant damages that you may not be able to workout with the seller.
·What if you cannot get financing?You may encounter hiccups in the finance process.
These areas are situations that earnest funds can be returned if things do not work out.Life happens and sometimes deals fall apart for various reasons.When working with an agent, your agent should keep you aware of the dates established in the agreement to meet these conditions.
Work with a Real Estate Agent!
The best way to navigate the home buying process is with the guidance of a trusted and experienced professional.If I can help you with your home buying process, please give me a call.My goal is to always make your real estate experience exceptional by taking you through the process step-by step and ensure it’s a positive and memorable experience.
Here's the numbers for May 2020. A quick snapshot of where our Pensacola real estate market is this year compared to previous years. Good news if you are a seller, less competition of other properties on the market, and less days spent on market.
If you are thinking about selling your home, let's talk! Lots of buyers and limited inventory makes NOW a great time to be a seller.
Whether you bought a starter home or what you hoped would be a forever home, circumstances change. One thing that doesn’t change though, is the inevitable expansion that occurs when you become a homeowner. As time goes on, you acquire tools that need to be used just once or twice a year, like step ladders and extension ladders, lawn mowers, edgers and leaf blowers. When it’s time to sell, you may find you’ve expanded just a bit too much. Getting rid of clutter is the first thing you need to do when you’re thinking of putting your home on the market, and sadly, unless you move frequently, there are very few people who don’t accumulate more than they should.
Here are seven reasons you need to get rid of that clutter to ensure a quick home sale.
1. It’s all about imagined lives
Clutter makes it hard to think. You may not think of your collection of exotic masks from your foreign travels as clutter. But let’s face it, we don’t all like the same things, and if your home is bursting with small objects, buyers can’t imagine themselves in your space. You have to make room for them and their imagined lives in what might soon be their home rather than yours. Store the highly personal collections during the selling process so buyers can see the space as theirs, and they’ll be more likely to make an immediate offer.
2. Help the potential buyer maintain focus
Extra seating, family photos and bone china tea cup collections are all distractions. You don’t want potential buyers to become so intrigued (or puzzled) by the things you’ve collected—none of which they’ll be purchasing—that they don’t actually register the house itself. You want them to look at the space, appreciate its best features and become convinced of its potential for their family.
3. Create the illusion of space to entice buyers
By getting rid of extra seating, paring down the clothes in your closets and weeding out everything in the pantry that’s past its best-before date, you create the illusion of more space, which is always a good thing when trying to sell a home. After all, empty rooms always look bigger than rooms filled with furniture.
Be strategic, though, and don’t leave yourself with nowhere to sit. Think of your home as wearing its Sunday best rather than sweats and a t-shirt, and if there’s a chair the cat’s clawed, the sun has faded or that needs cleaning or reupholstering, get it out of the house while potential buyers are viewing. There will be plenty of time to kick back and relax in that past-its-prime lounger when you’re moved into your new home.
4. Well-staged homes photograph better
While you might get a viewing from a drive-by or after an open house, most potential buyers these days are going to look at your house and its listing online. Good photos make all the difference here, but you’re not going to get them if you haven’t decluttered. Put the family photos away, get all the toys into the toy box, remove the gym equipment that’s migrated from the basement to other living areas and make your real estate agent’s job easier by presenting a home that shows to advantage in both photos and real life.
5. Maximize kitchen counter space
Yes, it’s a pain. But even though your family uses the toaster and blender every day, putting them away in cupboards before viewings provides a clean slate and makes potential home buyers think about all the meals they’re going to prepare in their new home.
If your home’s being shown to first-time home buyers, chances are good they’re looking for more space, particularly an opportunity to expand from a galley kitchen to one that has room for a table and chairs. Help them believe they’re going to be transformed into hosts with the most when they buy your home by giving them the visual space they need.
6. Don’t borrow trouble
Cluttered homes make potential buyers uneasy. Viewing someone else’s occupied home is slightly uncomfortable for most people. Clutter is not only a distraction; it makes your home look uncared for. This can make potential buyers start to ask themselves, “if they haven’t taken care of their possessions, what other problems are brewing here?” You could lose an offer if this kind of nebulous doubt sets in.
7. Let your home show itself
Let’s face it—you’re selling your home, not the couch and coffee table. By getting rid of clutter and replacing it with neutral but stylish accessories, you lead the buyer’s eye to the features of your home that are its true selling points. That means you’re going to get a quicker sale and a higher price than if you make a potential buyer struggle to see your home’s merits.
The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash.
One thing the experts are saying is that while we’ll see a swift decline in economic activity in the second quarter, we’ll begin a sharp rebound in the second half of this year. According to John Burns Consulting:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices), and some very cutting-edge search engine analysis by our Information Management team showed the current slowdown is playing out similarly thus far.”
Given this situation, if you’re thinking about buying a home this year, the best thing you can do right now is use this time to get pre-approved for a mortgage, which you can do from the comfort of your home. Pre-approval will help you better understand how much you can afford so that you can confidently do the following two things when you’re ready to buy:
1. Gain a Competitive Advantage
Today’s low inventory, like we’ve seen recently and will continue to see, means homebuyers need every advantage they can get to make a strong offer and close the deal. Being pre-approved shows the sellers you’re serious about buying a home, which is always a plus in your corner.
2. Accelerate the Homebuying Process
Pre-approval can also speed-up the homebuying process so you can move faster when you’re ready to make an offer. Being ready to put your best foot forward when the time comes may be the leg-up you need to cross the finish line first and land the home of your dreams.
Pre-approval is the best thing you can do right now to be in a stronger position to buy a home when you’re ready. Connect with a local real estate professional today to get the process started.
It is with honor that I share the news that I have received an esteemed Better Homes and Gardens® Real Estate Silver Award.
This distinction recognizes my performance as a real estate professional in the top 15 percent of the Better Homes and Gardens Real Estate brand and my commitment to my clients. I am honored to have been chosen as your Realtor in 2019 and thankful for the opportunity to have served you!
If you are ready to put your real estate goals in CREWS CONTROL please give me a call at 417 576-4787. I am full time agent and always happy to answer any real estate questions you may have.
Spring is right around the corner, so flowers are starting to bloom, and many potential home buyers are getting ready to step into the market. If you’re thinking of buying this season, here’s how mortgage interest rates are working in your favor.
To put this in perspective, the following chart shows how average mortgage rates by decades have impacted the approximate monthly payment of a $200,000 home over time:
Clearly, when rates are low – like they are today – qualified buyers can benefit significantly over time. Keep in mind, if interest rates go up, this can push many potential home buyers out of the market.
You certainly don’t want to be priced out of the market this year, and waiting may mean a significant change in your potential mortgage payment should rates start to rise. If your financial situation allows, now may be a great time to lock in at a low mortgage rate to benefit greatly over the lifetime of your loan.
If I can help you with your real estate goals, please give me a call today! I am always happy to answer any real estate questions you may have.
The VA home loan program has serviced over 24 million home loans for veterans and active service members since its creation in 1944, part of the original Servicemen's Readjustment's Act, better known as the GI Bill of Rights.
A VA mortgage loan is a great option for a first time home buyers or repeat buyers that may have a lower income and/or a limited amount of money to put down.
Some of the benefits that can get you into the home of your dreams include:
·No down payment
·Higher debt-to-income (DTI) ratios are allowed
·FICO scores as low at 600
·No private mortgage insurance (PMI) required
·Limited closing costs (sellers can pay up to 4% in buyer’s concessions)
·Lower average interest rates than other loan types. VA loans continue to have the lowest average interest rates of all loan types.
The VA loan is one of the reason 79% of veterans own their own homes, compared with just 63% for the non-veteran population, according to Trulia.com
If you are interested in starting your home buying process, please give me a call. As a retired military member and full-time real estate I can help!
Because I'm a retired military member, I personally know what it's like to make a move across country and across the world. The planning, the packing, the kids, the schools, the looking for your next home, maybe selling the home you have now. It all can make for a hectic and stressful couple of months.So, when you are granted 10 days of house hunting leave, you need a REALTOR® that is as ready to hit the ground running just as fast as you are.
As aFlorida Military SpecialistandMilitary Relocation ProfessionalI am one of the very few to achieve these coveted designations which gives me a clear advantage when working with military individuals and their families.
Call me today and let's talk about what's important to you as you prepare to PCS. It doesn't have to be hectic and stressful. My goal is to ALWAYS make your real estate experience exceptional...whether you are MOVING IN or MOVING ON.