Tag: Mancos

Tips to sell your home in the SpringTips to sell your home in the Spring

April 6, 2017April 6, 2017| Carrie SummersTips to sell your home in the Spring| 0 Comment| 5:04 pm

When selling your house in the Spring, you need to know how to stand out above the rest.  Here are some tips that will help you.

1.  Hire a realtor who can be your trusted advisor, knows the market and has sold homes in your area.   Do your homework and get recommendations, and interview potential Realtors.  I’ve lived in Mancos for 26 years, and would love to do a free market analysis for you.

2.  Before the home is listed, get it inspected.  This way, you have a chance to fix things and you        won’t have any surprises once you find a buyer.

3.  Clean the house this includes windows, and outside.  Get the house power washed, clean the fans, do touch up painting and declutter.   You want your house to be spacious, so buyers can imagine their stuff in the home.  Make sure your closets are not stuffed.  First impressions are huge.

4.  On the day of a showing, have curtains opened up, for sunshine and turn on the lights.  Also have bottle water and cookies out for potential buyers.  You want them to linger and fall in love with your home.

5.  Have a detailed sheet for the buyers in the kitchen for them to take home.  List the things that you love about the home, ie. proximity to schools, forest, big yard, heated floors, views.

I’d love to help you get your home sold in Mancos, Cortez and Dolores, Colorado.  I’m a Realtor here to help. Call me anytime.   MancosHomes.com 970-759-2540

Do I have enough for a down payment?Do I have enough for a down payment?

March 7, 2017March 7, 2017| Carrie SummersDo I have enough for a down payment?| 0 Comment| 4:45 pm

So you want to buy a home, however you don’t think you have enough cash for a down payment? That’s the #1 reason why non owners don’t buy a home. However 8 out of 10 people according to the National Association of Realtors say that owning a home is the “American Dream”.

Most lenders will state you need 20% down. That’s $60,000 on a $300,000 home! Plus you need money for cost of getting your loan. That’s scary! So now what? You can actually buy a home with as little as 3% down or 0 down!

The Federal Housing Administration is a government agency charged with helping home buyers — especially first timers — get approved. The FHA assists mortgage lenders to make loans by guaranteeing a portion of the balance.

And if you’re an active or retired service member, or live in a rural area, you may have access to zero down payment programs through the Department of Veterans Affairs or the Department of Agriculture’s Rural Development program (USDA).

A lower down payment makes you a bigger risk in the eyes of the lender. That’s why it will look for help from one of those government programs to guarantee a portion of the loan. The thing is, you pay for the guarantee. It’s called mortgage insurance. There will be an upfront fee and likely an ongoing charge built into your monthly payment.

Some of the programs don’t require mortgage insurance, but will charge an “upfront guarantee fee” or “funding fee.” Whatever you call it, a fee is a fee. And as a “higher risk,” you’ll likely pay a higher interest rate for the life of the loan in addition to the other fees.

It’s tempting to go with the lowest all-in upfront charges when trying to buy a home. But the key is to do your homework!

~ Check out Homesfund.org. They are a wealth of information.

~ Review your financial situation and meet with several lenders and discuss options.

Buying a home can sometimes be a challenging process, but with a little work and me, at your side, 2017 may be a good time to start looking. I’m here to help. MancosHomes.com