Kinlin Grover BK Real Estate

Posted by Kinlin Grover BK Real Estate on 7/24/2017

Whether you buy your first home later in life, or directly from college, buying your first home is a major milestone in your life.† For that reason, there are things you need to be knowledgeable about before your purchase is complete. You will want to safeguard yourself so you know that you are getting a home and a loan that you can afford. Here are a few tips from mortgage and real estate pros to help prepare you for the biggest purchase of your life. Using an Agent If you are a buyer, then there is no reason not to use a real estate professional. It does not cost you any more money to hire an agent. That agent will do more than find you that perfect house. You will discover that after you find a house is when you will need that agent the most.† The agent will use their expertise to present your offer to the seller and then address issues that may arise between contract and closing. House Hunting Remember, location, location, location. This is very important when buying a house.† Location plays a big part in determining the market value of the home. Before you start the house hunting process, make sure you know what neighborhood is a good location for you. Also, it would be good to have an idea of what style home you are looking for. Real estate moves quickly, so if you see a property that you love, you should move on it before someone else does. Find a Loan that Works for Your It sure can be tricky business trying decide what kind of loan is right for you.† There are many different types of loans that you should be aware of.† There is an Adjustable rate mortgage which has an interest rate that is linked to an economic index. So as the index changes your interest rate and payments may go up or down. There is also a 30 Year Fixed Rate Mortgage as well as a 15-Year Fixed Rate Mortgage. Some state and county maximum loan amount restrictions may apply. Home Buyer Alternatives for First Timer Saving for a first home can sometime seem like itís a hill that too steep, but donít worry there are assistance programs that can help. The Federal Housing Administration offers loans to people with a credit score as low as 640, low down payments and down payment assistance. There are also VA and USDA loans: Certain active members of the military and veterans as well as qualifying residents of designated rural areas can qualify for a 0% down-payment housing loans that are free of mortgage insurance fees. How Much Do You Have to Put Down? It really depends on what type of loan you have. If you have a conventional loan then you may have to put as much as 20% down. It is possible to put 5% down on a conventional loan if you donít mind paying mortgage insurance.† If you go with the FHA loan you will need at least 3.5 % down.† For people who are relying on others to help with down payments, an FHA loan may be a good option. First time home buyers need to look around and know that there are a multitude of down payment assistance offers by state or local governments. Closing cost: There can be a lot of hidden fees in closing costs; first time home buyers should be aware of these costs.† These fees are typically included in the closing costs, including fees for commissions, appraisals, inspections, certifications and surveying.† There will also be fees for government record changes, tax and title services and transfer taxes.

Posted by Kinlin Grover BK Real Estate on 7/17/2017

Let's face it Ė no condo seller wants to deal with a high-pressure negotiation. Lucky for you, we're here to help you streamline the process of selling your condo so you can avoid stressful negotiations with property buyers.

What does it take to remain calm, cool and collected during a negotiation with a condo buyer? Here are three tips that every condo seller needs to know.

1. Consider the Condo Buyer's Perspective

As an informed condo seller, it is important to consider both sides of a negotiation. By doing so, you can evaluate a condo buyer's perspective and plan your next move accordingly.

For condo sellers, the goal is to get the best price for a property. As such, a condo seller who performs extensive housing market research probably understands the true value of his or her residence.

On the other hand, a condo buyer is likely to conduct real estate market research on his or her own. This property buyer also will assess the current condition of a condo in relation to his or her budget and submit an offer that accounts for these factors.

Ultimately, a condo seller and buyer should try to find common ground. That way, both parties can work together to get the best results out of a negotiation.

2. Review All of Your Options

After a condo seller accepts a buyer's proposal, the next step likely involves a property inspection. At this point, a condo acquisition may move forward, or a condo seller might need to rethink his or her plan.

If a condo inspector discovers myriad problems with a property, a condo buyer may ask the seller to complete repairs or lower the price of the property. Meanwhile, a condo seller will need to review all of his or her options quickly.

Following a condo inspection, it is important to consider the results of the evaluation.

If a condo seller discovers major repairs are required, he or she should consider completing the repairs or lowering the price on a property.

Or, if a condo buyer asks for a major price reduction even though only minimal repairs are needed, a seller should be unafraid to say "No" to the buyer's requests.

It is important for a condo seller to feel comfortable with any decision that is made throughout the property selling cycle. Thus, if a condo seller is uncomfortable with completing property repairs or reducing the price of a residence after a property inspection, he or she should be ready to decline a buyer's demands.

3. Consult with a Real Estate Agent

A real estate agent will handle negotiations between a condo seller and buyer. Therefore, this housing market professional can play a pivotal role in a seller's ability to get the best price for a condo.

Consulting with a real estate agent who possesses condo experience is key. This real estate agent can keep you up to date during negotiations with condo buyers and ensure you are fully satisfied with the final results.

Take advantage of the aforementioned tips, and you can move one step closer to maximizing the value of your condo.

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Posted by Kinlin Grover BK Real Estate on 7/10/2017

One of the requirements of buying a home is for the buyer to provide a down payment equal to somewhere between 3 and 20% of the price of the home being purchased. The reasons behind a down payment may have seemed a bit arbitrary up to this point. Home buyers know they need a down payment, but just how important a down payment is can often be overlooked. Once itís all explained here, it will make a ton of sense to all first-time home buyers. Why Is A Down Payment Important? The larger the amount of the down payment that you can provide, the better it will be for your home loan status. The amount of the down payment provided will affect the type of loan that you get the and amount of the loan that you get for the house you buy. For any down payment that is less than 20% of the purchase price of the home, youíll need to get PMI (private mortgage insurance). A smaller down payment may also mean that less of the closing costs will be covered up front. This is definitely something to look into because long term, it may not be a wise decision financially. Think of the down payment as the foundation of the biggest purchase youíll ever make. Check Your Finances If youíre not able to save up for a down payment, it may not be the best time for you to buy a house. The mortgage process makes you take a step back and really check out your finances. Buying a home is a huge financial commitment. If youíre unable to save properly for a down payment, you may not be ready to commit to buying a home. If you havenít been able to save up enough for a down payment, you may not be financially ready to buy a home. Itís a great way to take a look at your financial health when youíre thinking about acquiring a mortgage. A small down payment means that youíre eligible for fewer types of mortgages. Typically a down payment of 5% or less limits you to only a few different kinds of mortgages. This is important to keep in mind when planing your financial future. Also, keep in mind that the larger the down payment, the more keen lenders will be on actually granting you a loan. Renting Could Help You In The Long Term The thought of continuing to a rent over buy a home could be stressful for you. In the long term, however, itís much better to continue paying rent than to risk losing your home due to foreclosure. Being unable to make mortgage payments is a serious thing. The entire process of buying a home starts in acquiring for the down payment.

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Posted by Kinlin Grover BK Real Estate on 7/3/2017

Searching for a real estate agent who can help you sell your home? There likely are numerous real estate professionals in your area, many of whom will say that they can find plenty of interested buyers for your residence. However, it is important to note that not all real estate agents are created equal. Although many of these professionals will do everything they can to promote and sell your residence, others might lack the skills and know-how needed to help you optimize the value of your home and accelerate the sales process. So what should you look for in a real estate professional? Here are three key traits to target when you search for a real estate agent to help you sell your home: 1. Industry Experience How has a real estate agent fared at selling homes in the past? Typically, you should be able to find plenty of client reviews online related to a real estate professional's work in your area. These reviews will enable you to get a better idea about how a real estate agent supports his or her clients as well as whether he or she is able to help home sellers maximize the value of their residences consistently. Also, finding a real estate agent who has sold homes in your neighborhood may prove to be a great idea. By doing so, you'll know that you're working with a real estate professional who understands the area well and may be better equipped with the knowledge and insights needed to find interested homebuyers without delay. 2. A Positive Attitude A successful real estate agent usually will focus on a home's strengths rather than its weaknesses. Thus, this professional will be able to accentuate the positives of any home and ensure that both a home seller and homebuyer get the results they want. Employing a real estate agent with a positive attitude may go a long way toward speeding up the home sales process, too. This professional will be able to provide a positive first impression for homebuyers and ensure that your home's strengths are showcased any time an interested homebuyer checks out your residence. 3. An Honest Approach Selling a home can be a time-consuming and stressful if you hire a real estate agent who fails to communicate with you during each step of the home selling process. Fortunately, many real estate professionals are available who are honest and ready to keep you up to date. Remember, the home selling process can be complicated at times, and unforeseen challenges may arise along the way. But home sellers who leverage a real estate professional who is committed to honesty will be able to overcome such issues immediately. When it comes to finding a real estate agent, hiring one who takes an honest approach is ideal. This professional will be unafraid to share both good and bad news with you and will collaborate with you to ensure you get your desired results. Dedicate the necessary time and resources to find a real estate agent who fulfills your home selling requests, and you can boost your chances of generating significant interest in your home.

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Posted by Kinlin Grover BK Real Estate on 6/19/2017

Boston is the city that many people access to enter one of the six New England states. The six states, Massachusetts, Connecticut, Maine, Rhode Island, Vermont and New Hampshire, are rich with history. The American Revolution, Pilgrim Monument, Martha's Vineyard, great lakes and miles of natural landscape are some of the historic events and modern day sights that help to give New England states a unique appeal. Surprising facts about New England Despite the fact that New England cities may not make national news as often as places like New York, Chicago, Los Angeles and Miami, towns in New England make great places to live. Check out these 10 reasons why it might be a great idea to buy a house in New England.

  1. New Hampshire has no state tax - Shop at New Hampshire department stores, antique shops or roadside retailers without worrying about the added costs of state sales tax.
  2. Four seasons - Buy a house in New England and you'll enjoy all four seasons. There are scented blossoms to watch pop open up during spring, filling the area with amazing sights, beaches to visit during summer, millions of leaves to watch change hues during Autumn and ski slopes to race down come winter. Regardless of where you are from, you'll find a season in New England to love.
  3. Ivy league colleges and universities - New Hampshire's Dartmouth College, Massachusetts' MIT (Massachusetts Institute of Technology) and Connecticut's Yale University are all located in the New England states, putting a top postsecondary education within commuting reach.
  4. Coffee and donuts - Dunkin Donuts opened its first store in Quincy, Massachusetts. Now, you have another reason to feel good while enjoying a cup of Joe.
  5. Long trusted news - America's oldest newspaper, The Hartford Courant, is in Connecticut. The newspaper is still printing out great stories.
  6. Dairy - Vermont has more dairy cows per person than any other place in America.
  7. Location - New England states like Maine and Vermont are next door to Canada. Maine is also close to a hosts of islands, making a beach side vacation only a few hours away.
  8. Blueberries - Maine grows more blueberries than any other state. Love blueberry pie or blueberry muffins? Make New England home and you could enjoy a bounty of delicious locally grown blueberries.
  9. Let's play the lottery - Playing the lottery (also referred to as "the numbers" years ago) used to be illegal. It was New Hampshire that first legalized the lottery; the year when the lottery went legit in New Hampshire was 1963.
  10. History - Starting with the American Revolution, you'd be hard pressed to find towns that have as much history as New England cities. There's Fort George, the Strawberry Banke Museum, the Salem Witch Museum, †Mount Washington, Freedom Trail, the Robert Frost House, Walden Pond and Bunker Hill, to name a few.