Can you buy a home with bad credit?

Are you tired of renting and feel you are ready to invest in a property that you will own? Renting can feel like you are throwing away your money. But buying may not seem like a viable option if you have a lower credit score. That is why we wanted to address a common question we receive here at Lisa Cogdill Realty, “Can you buy a home with bad credit?”

The Challenge of Buying a Home with Bad Credit

In the mortgage lending industry, a bad credit score is one that is lower than 650, and anyone with a credit score above 750 is considered to be great.

Mortgage lenders look at several factors when determining if they feel a client is a reasonable risk or not. Unfortunately, lenders immediately make their perceptions based on the number of your credit score but don’t lose hope yet because there may be other options available to you.

Options for Home Buying with Poor Credit

While there may be options available to those with less than perfect credit, we will tell you it may not be easy but below are options worth checking into.

FHA Loans

The Federal Housing Administration (FHA) is a government-backed program through the U.S. Department of Housing and Urban Development (HUD). These loans are created for those of lower credit scores or first-time buyers in mind.

FHA loans are the most lenient when it comes to qualification requirements. If you have a credit score of at least 580 or higher, you can obtain a loan with as little as 3.5% down.

The FHA also allows for shorter wait times after negative events such as foreclosure, bankruptcy, or divorce.

VA Loans

The U.S. Veterans Administration (VA) offers loans to those who have served in the military and are also backed by the government.

They do require a credit score of 620 or higher, but one of the advantages they have is that no down payment is required. VA Loans also offer very competitive interest rates as opposed to traditional loans. In addition to the benefits above, these loans do not require Private Mortgage Insurance (PMI).

USDA Loans

In more rural areas, the United States Department of Agriculture (USDA) offers home loans to those whose income falls into the category of low to average for their given region.

Like the VA Loans, they do require a credit score of 620 or higher. They also share some of the benefits of VA Loans such as no down payment required, being backed by the government, do not require PMI, and offer competitive interest rates.

They also allow for a debt-to-income ratio of 50% or lower.

Additional Options

These types of loans are not the only options available to you if you have a lower credit score. One of the best ways to improve your chances of securing a mortgage loan is to save for a larger down payment.

By taking the time to save up for a larger down payment, you are not only indicating your level of dedication to purchasing a home, but you are also reducing the amount you need to borrow. If you can put down 20% or more of a down payment on a loan, you will be saving yourself a ton of money in interest alone.

With a higher down payment, you may also be able to negate the need for PMI insurance. PMI insurance can cost you upwards of $1,000 a year or more that you could use to pay off other debts instead.

Know Your Credit Score

However, before you do anything or consider buying a new home, you first need to understand your credit score. Carefully review your credit score and look for errors or negative terms that could be affecting you.

Next, take actionable steps to increase your overall score to improve your chances of getting a loan. Don’t despair if your score is low because knowledge leads to action if you choose for it too. The worst-case scenario is that you rent a little while longer while improving your credit.

Nevertheless, if you have questions or need help, don’t hesitate to consult with your local realtor for advice on the home buying process. Here at Lisa Cogdill Realty, we are here to help you achieve your home buying dreams! Contact Lisa today for any questions you may have!

How do I prepare my home for sale?

You have decided it is time for a change and that you are ready to sell your home, congratulations! Here at Lisa Cogdill Realty, we are delighted to help you through the process of the sale and purchase of a new home! Being in Western North Carolina, and having grown up here, Lisa is an expert in this unique market. Recently we were asked a question that we felt would be beneficial to everyone if we answered it in our news tips. That question was, “How do I prepare my home for sale?”

Disassociate Yourself from Your Home

Every seller wants their home to sell quickly and get the most money they can from their property. To do this, you must plan carefully and spruce up your property in advance. Letting go of your home can be difficult, but you must look at your home without emotion and become unbiased.

Mostly, look at your home like you would a major project or product that you have to sell. Close your eyes and imagine handing over the keys to a new owner. Walk through each room of your home and envision it as if you were someone looking to purchase the home. This will help you accept that shortly this will no longer be your home and it will help you begin to see the things that will need to be done.

Depersonalize the Space

Go ahead and pack up personal items such as photographs, family heirlooms, etc. When the home sells you are going to have to pack up anyway and packing up your personal details can be the first step. Potential buyers need to be able to visualize their own photos and artwork hanging on the walls. If a buyer walks through your home and sees all your personal effects, it can make it difficult for them not to be distracted.

The same is true for the furniture in your home as well. Although we like to imagine everyone shares our tastes in décor, it isn’t true that they do. If you have a piece of furniture that is very bold and eye-catching, it can distract your buyer from seeing the benefits of specific living spaces. For example, if your living room has a bright red sofa with zebra print accent pillows, you may want to remove it and place a more understated sofa in its place.

Declutter in Advance

The longer we live in a home, the more we collect. It is amazing how much junk we accumulate over time. Take our advice if you have items in your home that you have not used in over a year you don’t need them. If you don’t need them then why don’t you donate them?

As you begin the process of decluttering your home take a moment to consider if you want to pack up some items and if you don’t think you do, then they need to go.

Remove books from bookcases, pack up items on countertops, and go ahead and pack up those knickknacks. Little things can prove to be a significant distraction to home buyers so get a head start on your packing and remove them.

Organize & Rearrange Your Closets and Cabinets

Buyers will snoop and open every closet door and cabinet that they can. Why? Because they want to see how much room is available to them for their own belongings.

If someone opens a door or closet and things fall on them, what kind of impression does this leave on them? Every space of your home needs to be viewed as an “ad” that sells your home to a buyer, and you do not want to leave any space messy.

Take time to stack your dishes neatly and that the clothing in your closets is organized. With this extra effort, it will leave the impression on your buyers that you took excellent care of your home, thus giving them reassurance in their purchase.

Make Minor Repairs

As you begin to pack up your belongings and notice imperfections go ahead and make those repairs. These can be as simple as holes in the walls where pictures used to hang, fixing a drawer that does not close right, leaky faucets, etc. The smallest thing can turn a buyer off without you knowing it so do everything in your power to prevent this.

You may also want to repaint your walls a neutral color if you chose bold hues in your home. Think of your home as a canvas waiting to be painted by your buyers.

Moreover, go ahead and replace those burned-out light bulbs if they cannot see an area they may look elsewhere.

Deep Clean

Finally, give the interior and exterior of your home a thorough deep clean. You may want to hire someone to professionally clean for you to make your home sparkle!

When you are finished with everything take the time to go back and revisit each room with fresh eyes. Imagine yourself as the buyer and make any changes necessary. If a piece of furniture doesn’t look right move it then.

After all, is done you will have a head start on packing and will be on track mentally to sell your home. Keep in mind there are several steps in the sale of a house, but we will be here for you every step of the way. Lisa Cogdill Realty is a professional real estate firm that specializes in helping you buy and sell your property. Contact Lisa today with any questions you may have here!

5 Questions to Ask Your Realtor

Buying a home or property is a major investment for you and your family. After all, you will be spending most of your time in your new home. Doesn’t it make sense to research your protentional real estate agent to make sure they can meet your needs? Here at Lisa Cogdill Realty, we want you to feel comfortable with us and the process. So, to get you started we are going to share 5 questions to ask your real estate agent to ensure you have found a good one.

Who has been your most challenging client, and how did you handle it?

This question may sound like one that you might receive in a job interview. And you would be correct!

When choosing a real estate agent, you must consider that you have stepped into the role of a hiring manager. Why? Because you are hiring someone to either assist you in selling your property or acquiring a new one. Always keep in mind that your agent needs to keep your needs at the forefront, and they are working for you.

By asking your agent what your most challenging client was, you get a glimpse into how they handle conflicts and tensions.

It is inevitable that at times there will be conflict arise. Buying or selling a home can be stressful and time-consuming.

If the agent is willing to bash a former client, it may lead you to wonder what they may say about your when you are not around.

Lisa Cogdill Realty handles all of our clients with the utmost respect and professionalism. We are more than happy to discuss with you how we resolve issues while educating you on the buying process.

If you were looking to buy a place, where would you move and why?

Asking this question allows your agent to clue you in on what neighborhoods are being “buzzed” about.

It will also give you a glimpse into what your agent’s lifestyle is like. Having an agent who has a similar background can provide additional benefits. For example, Lisa Cogdill has an insider’s viewpoint of Western North Carolina having been born and grown up here.

Because of this, she is uniquely able to help both local families find appropriate housing as well as those looking to relocate.  

What are some ways you can make my offer more attractive besides just increasing the price?

This gives your agent an opportunity to explain to you how they negotiate and their market knowledge.

A good real estate agent should be able to quickly inform their buyers on insider information such as the sellers are looking for a quick closing because they are relocating. Another example could be that they do not want to move until the end of the school year due to children in the household.

All of this is vital information that your agent should be able to use and share in the buying process to ensure everyone’s needs are met and not just their own.

How can you help me narrow down my choices and fit house hunting into my busy schedule?

This question gives your agent the platform to show how much legwork they are going to do for you.

Visiting homes and properties can be a very exhausting process especially in Western North Carolina due to the distance’s homes can be placed. Not to mention the winding mountain roads!

Lisa will spend ample time getting to know you and your unique needs to ensure that your time is not wasted. She will work tirelessly to pull listings that will suit what you are looking for and schedule viewings on your schedule.

How do you help buyers come to a final decision?

And finally, perhaps the most important question of all! It is easy to get distracted as you are looking at different homes and locations by fixtures, views, a great backyard, etc. It is imperative to have someone who is unbiased on your side to help you make your decision.

A truly professional real estate agent will have sufficient knowledge of the market and area in which you are buying to discuss the pros and cons of properties. However, even this can only take you so far. Your agent should be able to be your sounding board and help you see what you really need. After all, it will be you living in your new home!

Here at Lisa Cogdill Realty, we take the time to get to know you so we can better meet your needs. Lisa is always continuing her education in the market and has in-depth knowledge of the area. She will be happy to assist you in any way she can and answer these questions and more! Contact her today here to begin the process of finding your dream home!

Can you finance land?

Has your dream been to own your own land? You can find a wealth of information about how to purchase a home. In fact, Lisa Cogdill Realty has an article on that subject here, but today we want to go beyond just financing a home. One of our frequently asked questions is, “Can you finance land?”

Is financing land the same as a mortgage?

The borrowing process of capital for land is different than a mortgage of a home.

Financial institutions can easily place value on homes or businesses. However, placing that value on a parcel of land is more challenging. Financing land also holds a higher risk factor for banks and other lenders because they must determine the funds that they could recoup if you default on the loan.

Determine the type of land you wish to finance.

Before you ever set foot inside a bank determine the type of land you want to purchase and why.

Do you want to build a home on it or use it for farming?

Typically, land parcels fall into two categories in the eyes of lenders, raw (unimproved) land and improved land.

  • Raw Land is land that has not been touched or influenced by humans. This land is harder to finance with a lender because it is harder to sell later if you default on your loan. You can improve your odds by providing your chosen lender with the ideas in which you plan to improve upon the land.
  • Improved Land is land that has had some work done to it. There can be varying degrees of work done to improved land such as roads or driveways previously built, sewer or septic systems in place, lot clearing and more. This is the best kind of land to buy if you plan to build a home on it. Lenders will be more likely to finance improved land in areas where developments are trending.

There are a lot of things you can do to be prepared before you seek assistance from a financial lender.

How to prepare to finance a parcel of land or lot?

The more prepared you are before you go into a bank the more likely a lender will finance the land you wish to own. Below you will find the information you will need to gather as you work through the process. You can gather this information yourself or enlist the aid of a real estate agent.

  • Land Survey-A land survey will show you exactly where the boundaries of a lot are. This is not always easy to see just by visiting an area.
  • Property Easements-There is a list of people and agencies that will have rights to enter your property. These can be utilities and townships, etc. Knowing where they may have rights to build sewer lines or power lines can help you know where you can and cannot build on your land.
  • Title Search-this can help you determine what easements are attached to your property as well as give you a history of the land and how it has been used.
  • Zoning Laws-these are laws that have been set in place that attribute to what you can and cannot do your land. They fall within residential and commercial purposes.
  • Flood Hazard Risk-determining the risk for floods is not only important for your insurance company, but lenders also want to see this. The risk factor for flooding will impact where you can build and if a lender will be willing to lend you the money you need.
  • Appraisal-having a professional appraisal will give your lender an idea of the current market’s land value. You may need to have a real estate agent create this for you.

Don’t Be Discouraged

Overall, it may be a bit more difficult to get financing for land but that does not mean you should get discouraged. You just need to do your homework in advance and be fully prepared before you seek financial assistance. Although you can obtain all the information needed yourself it can be overwhelming. That is why Lisa Cogdill Realty is here to help you through the process.

Lisa is a native of Western North Carolina, so she has in-depth knowledge of the land here. She can help you find the land you wish to purchase and provide you with everything necessary to make your dreams a reality. Don’t hesitate to contact her today!

What is the best way to go about buying a house?

One of the most exciting times in anyone’s life is when they go to purchase a home. It is the American dream to own your own home and a major milestone in your life. However, it is a process and you may be asking yourself, “What is the best way to go about buying a house?”

Are you ready to become a homeowner?

The first step before you even begin to consider buying a home is to get your finances in order. Pull your FICO score and look over your budget. Make sure that you can afford a mortgage payment before you dive into the home-buying process. If you feel that they are, your next step is to begin saving for a down payment.

How much do you need to put down on a house?

Let’s begin with defining what a down payment is. A down payment on a home is the money that a buyer gives the seller of a property to lock in the purchase. This payment is always a percentage of the total of the purchase ranging from as low as 3.5% on Federal Housing Administration (FHA) loans to 20% depending on which lender you choose.

Just keep in mind that the more that you can put down on a home the better lenders like it. And in the long run, you will as well. Which leads us to our next question, “What kind of credit score do I need?”

What kind of credit score do I need to buy a home?

Your credit score is a huge factor in the process of buying your home. However, there is not a hard-and-fast rule to apply to everyone.

In general, the better your credit score is the more likely you will qualify for a good loan. Currently, the FHA requires a minimum FICO score of 580. However, other lenders prefer a minimum, preferably higher, FICO score of 620.

Nevertheless, your credit score is not the only thing that will be considered when you are qualifying for a home loan. Don’t hesitate to shop around with different lenders and compare interest rates because they add up over time.

Can you buy a house with no down payment?

There are some instances in which consumers can get a loan for a home without having to put anything down.

You can get this type of loan in the following instances:

  • If you are a Veteran, US Department of Veteran Affairs
  • Low to Moderate-Income in a rural area, USDA Loans
  • First-time Home-Buyer Assistant Programs
  • Some FHA Loans

However, keep in mind that if there is little to no down payment on your home purchase the monthly payment is higher. Therefore, it is always beneficial, if possible, to have a down payment.

Who do I contact to begin the process of buying my home?

Lisa Cogdill Realty!

As an agent who was born and raised in Western North Carolina, I understand the difficulties of buying and selling a home in this region. That is why I personally continue my education to be a helpful asset to my clients.  Along with yearly updates I am specialized in:

  • SBS, Strategic Pricing Specialist
  • ABR, Accredited Buyers Representative
  • SRES, Seniors Real Estate Specialist
  • Home Staging Specialist

I strive to make all my clients feel comfortable and confident throughout the buying process. It can be intimidating to first-time buyers, or anyone, to go through the process of buying a home. At times it can be exhausting and very time-consuming, but an educated agent can be an asset to you. I can help you through it all and help make your dreams reality.

10 Things to Look for in a Home Inspection

10 Things to Look for in a Home Inspection

Buying a home is most likely the most substantial investment of your life, as well as, being one of the most exciting times. You could be a first-time buyer or have reached a stage in your life where you are finally able to purchase that dream home you have always wanted. However, it is important to educate yourself about the process of investing in your home because there are many things to consider before signing. A key thing to have done is a home inspection by someone who is qualified. The state of North Carolina does require home inspectors to complete classroom training, as well as other statues, but no one is perfect and can miss things. That is why we highly recommend you are present when your home inspector occurs. Therefore, today we are going to look at the 10 things you should look for in a home inspection.


If your inspector can get into the attic without harming the insulation it can tell you a lot about the health of the home. Have them check for air leaks and sagging insulation. While up there they can also do a once over for any pests. A red flag in this area would be, do the bathroom vents go all the way thru the roof? If not, then they are creating mold and mildew and are not up to code.


If any appliances are coming with the home the first thing you should do is find out the age of them. Don’t hesitate to try them out while you are there and look for rust. Turn the range on and place a thermometer in the oven, set it to 350 degrees, then check back in 10 minutes. Also, place a cup of water in the microwave and check it after 45 seconds to see if it is heating up properly. Upon arrival to the property start a cycle with the dishwasher and by the time the inspection is done it should have completed.


The basement is another key area for inspection much like the attic. Look for mold, mildew, and areas of water or water stains. Also, check the basement windows and look for cracks in the walls or foundation. Cracks may not be a deal breaker, but it is important to find out what caused them, your inspector should be able to answer this for you.


On touring the home have your inspector check each outlet to see if it is working. They should have the proper tools with them to check voltage and can tell if the outlets are grounded properly and up to code. It is also important to have your inspector look over the electrical system within the home as well.

HVAC System

Have your inspector check all aspects of your heating, ventilation, and air conditioner system. While they can simply tell you if it is functioning or not at the time of inspection go a step further. Ask them to check the serial number and tell you how much longer they think the condenser (outdoor) unit will last. On average most units last 12-15 years before needing replacement. Don’t forget to find out when the last time the system was maintained.


Go over all the plumbing in the home and check for leaks and the age of the plumbing. If the plumbing is old, it may not be up to code. Another thing to check for is to have your inspector check that the bathtub and shower pans are draining properly. Turn on all the water faucets of the home and check for water pressure and drainage and flush all the toilets. If there is a sink that is not draining well it could be indicative of a larger issue. It may be worth it to also consider having a separate sewer inspection. These can be conducted for a reasonable fee and done via video.


Your inspector should climb on the roof, if possible, and look for any issues and take pictures to document it. Thirty-nine percent of all insurance claims in the US are pertaining to the roof. Look for curling or missing shingles, water damage, and also ask when was the last time the roof was replaced. Look at the gutter system as well to see if it is clogged or damaged. Poor gutters could be a sign of underlying issues on the roof not being well-kept.

Water Heater/Furnace

To get an idea of how well either the water heater or furnace was taken care of check the filter systems. A poor filter is a sure sign of neglect and could end up costing you a lot out of pocket, and just like the HVAC system ask when the last time maintenance was performed on them. If either is getting close to being replaced, consider that in your offer on the property.


Open every window in the home to see if any get stuck or have trouble closing.


Above are the major things that you should consider when inspecting a property but there are many more as well. For example, move rugs to look at the floor, move pictures to check for damage on the walls, search for water stains, paint peeling, cracked tiles, and other cosmetic fixes. Freshly painted walls or partial floor fixes could mean that the current homeowner cares about the home or it could be a cover-up for something else. Likewise, inspect the porches for wear and tear or decay.  Always ask questions!

Buying a home is exciting but go into it educating yourself so that you know exactly what kind of property you are investing in. Understand what types of things to look for in a home inspection so you can be confident in the purchase you make for yourself and family.


Why You Need a Home Inspection

Home Inspection Before Buying

A home inspection is an all-around inspection or examination of the state of a home. A home inspection is a cheap way discovering the general condition of a home.  Conducting a home inspection is essential in order to prevent a costly mistake of going on to purchase a property requiring major repairs.

Even if you are of the opinion that you have finally gotten your dream home, it is the responsibility of the home inspector to inform you whether the home is right for you or not.

A qualified home inspector is an expert who is in charge of conducting various inspections as a way to determine the general condition of the home.  Inspecting a home will help the home buyer to understand precisely what he or she is about to purchase.

Why is a home inspection highly recommended?  There are numerous reasons why a home inspection is highly recommended in the purchase and sale contracts in real estate. Some of these include:

To Guarantee Peace of Mind

A home is one of the largest investments you can think of doing in your lifetime. The costs associated with purchasing a home is quite expensive. The major reason for performing a home inspection is to guarantee that the home is a very solid and safe one.  Performing a home inspection before buying your home will provide peace of mind.

Reveal Safety Issues

The home inspection serves as an opportunity to carefully investigate the home you have the intention of purchasing.  Some issues which are discovered during the process of home inspection such as leaking roof blocked drainage, inappropriate electrical wiring, plumbing deficiencies and so on can be quickly noticed.

The purpose of performing a home inspection is to make sure everything in the home is in good working condition and safe for use. A home inspection helps to determine that the home you are planning on purchasing has no obvious safety issues.

Relatively Cheap

The cost of performing a home inspection is relatively cheap. Purchasing a home is quite a large investment. The little amount of money spent on a home inspection should be enough to make the choice easy to perform an inspection.

Uncover Likely Insect and Pest Problems

A home can be destroyed by the infestation of insects and pest. Based on your location, the probability of having an insect or pest problem usually differs.  Wood-boring insects and pests, like termites, can cause a big in case they are not discovered on time. Same thing goes to termites.

Try as much as possible to ask your real estate agent if they have any pest-home inspection companies. This will make sure the home you plan on buying is free from insect or pest problems.

Discover Structural Issues

Another reason to have a home inspection before purchasing your dream home is to be able to determine if any form of structural issues exist with the home.  A home’s structure is one of the major essential components of the home.

Structural issues, if not determined on time, can end up costing thousands of dollars to repair. Avoid spending such an unnecessarily large amount of money on structural repairs and renovations by performing a home inspection,

In conclusion, doing a home inspection is extremely recommended before purchasing a home. Even though a home inspector may not be perfect, they are still going to inspect your home thoroughly, even more than the way you and your real estate agent did during your first visit.

What Is the Process for Buying a House?

What Is the Process for Buying a House?

It is the desire for many to own a house. In order to make this dream happen, there are certain steps of buying a house that needs to be adhered to. Buying a house involves a huge financial commitment hence the need to get the acquisition right. Buying a house can be very complicated than most people think. These steps guarantee that the person owns a house in the right location, and buys a suitable house.

In this article, we will provide you the step-by-step guide on how to buy a house that you dream of.

Plan Your Budget

Firstly, you have to gauge the size of your pocket, as this would enable you to determine how much you can afford. Ensure that you have the money to make down payment as to avoid plunging yourself into a state of debt.  If you intend to apply for a mortgage loan, you should ensure that you have a good credit score. This is because most financial lenders now use credit score as a metric to grant loans to applicants.

Decide Type of House You Want To Acquire

The type of house a person is a necessary factor to consider when looking for a house to buy. You should determine if the house that you intend to buy has a resale value. You also take into consideration your lifestyle and the type of family that you want to have in the future.


Once you have determined your budget and the type of house that you want to own, the next step is the research for a house that you are interested in. There are different mediums through which find the house that you are looking for. They include the magazine, websites, and newspapers that have real estate listings.

Hire the Services of a Real Estate Agent

Real estate agents are invaluable partners that can help you in the process of buying a house. They would save you time and resources. This is because they understand the real estate market. Real estate agents are highly experienced and provide you the needed information on homes that would be suitable and not suitable for you. They have powerful negotiation skills that can you can use to secure a fair deal.

Make an Offer

It is time to make an offer on a property once you have found the house that you are looking for. Before this, you have to make an extensive research on the price of other properties within and outside the area.  This is where a real estate agent can offer their expertise. Sometimes you might find some blemishes of the property to persuade the seller to accept an offer below the selling price.   Again, a real estate agent would have the experience and recommendation for you to make an offer on your dream home.

Carry Out Inspection

When buying a home, it is important to carry out a thorough inspection of all the parts of the home. The essence of carrying out inspection is to ensure that the property you are about to buy is worth the asking price.

Various parts of the home that you may need to inspect include plumbing system, home’s roofing, structural system, electrical system, HVAC system, and so forth. With the services of a home inspection company, you can check for structural damage that may need repairing.

Complete the Sale

Once the seller has approved your offer, you should close the sale by signing paperwork so that is necessary. This includes the loan documents. Once these are completed, you are good at moving into your new castle.

Selling or Buying can be exhausting and very time consuming. That is why it is important to have a Realtor on your side that is involved and loves what they do.  By following all the tips provided above, you are on the right track to becoming a home owner.

How to Prepare Your House to Sell

Successful selling of a house is tied to the preparatory stages

Successful selling of a house is tied to the preparatory stages underwent to get it ready to be staged for sale. Many buyers today are discouraged from buying a house once they spot a flaw in a house; nobody wants to buy a liability.

In order to prevent this and to have a quicker and better sale, it is important to consider some preparation options in prepping a house for sale. This is because house buyers are attracted to better-looking houses.

Are you planning on listing you home on the market anytime soon? Here are seven ways how to prepare your home for sale

Clean the House Thoroughly

The first impression they say matters a lot. A clean house leaves buyers with the impression that you have taking care of the house. This goes a long way to pique their interest in your property. Clean the drapes, cabinets, the windows. Wash the curtains and drapes. Remove odors from your home by using air fresheners or, better still use a baking soda. Get rid of cobwebs and mop the floors. In a situation where you have limited time to clean your house, acquire the service of a cleaning company.

Repair Your Home

Prior to the staging of your home to buyers, you should inspect your house for details that would drive buyers away from buying your house or paying low for it. Inspect if there are leaky taps, broken bulbs, damaged sewer lines, and damaged doors and handles. Replace or repair any of these if detected in order to impress your buyers.


Gathering a significant amount of unimportant properties can dent the aesthetics of your house. Removal of these unwanted things will. Make your house appear simpler and finer. Try to imagine the point of view of the buyer how you would feel if you walk into a staged house for sale cluttered with irrelevant properties. Organize the books on its shelve, ran and range the kitchen utensils in its positions, remove books that are not needed, and keep your closest clean.

Recreate House Items

If there are house items or heirlooms that you would want to take along with you, you should remove it before a buyer sees it. Buyers see everything in a house as part of what they are paying for and your refusal to selling them your coveted house item can cause a deadlock over making a deal. Remove and replace any item that you want to take with you.

Make Decorations Appealing

Another way to prepare your home for sale is to make your home décor more appealing. Any home buyer will be willing to pay more for a home that looks nice, well decorated and appealing on sight. Ensure that your decorations are nice and simple. This is done to increase the appeal of your house to a buyer. Avoid excessively using frills and keep it plain.

Illuminate Your House

Presence of natural light in your house makes it appear warmer, cozier and more spacious. Use bright light bulbs or open the windows to allow penetration of sunlight into your house. Repaint dark areas of your house with light color paints. This would make your house more exquisite and appealing.

Expand Each the Size of Rooms

Heavy and large furniture so can make a room appear smaller. In other to create more space for a room, you have to remove and replace bulky furniture with smaller ones. This will dovetail with the decorating elements of your house to make it roomy and cleaner and interesting.

With a considerable amount of effort, you can use these tips to prep your house for a big sale.


Get Best Interest Rate When Buying a House

Looking to Buy a House?  Concerned about the Interest Rate?

Getting a suitable interest rate saves you money, in the long run, buying a house. This is because a huge loan with high-interest rates amounts to making a costly monthly installment payment.

Take for example; a $100,000 loan with a fixed interest rate at 5% would accrue an interest payment of $93,256. A lower interest rate at 4.5% at the same principal will generate $82,407 monthly payments to the lender. Securing a loan from the second lender will save you a whopping sum of $10,849.

Do you intend securing a mortgage loan for purchasing a house?  These few tips will help you how to get the best interest rates in purchasing your dream house.

Secure a Short-Term Loan

Short term loans have smaller interest rates contrary to long-term loans that have high-interest rates. Mortgage banks and loan lenders are always willing to oblige to your loan request knowing that it will be easier for you to pay. You can save a sizeable amount of money applying for this sort of loan.

Search Thoroughly

You should ask for referrals from real estate agents, friends, and family about where to get low-interest rate loans for house purchase. There are online lenders, you can search on the internet, compare each of the online lenders and select the one that offers loan at a smaller fixed interest rate. Different lenders use different calculations to determine the interest rate your loan will be benched on. Find out which offers them would suit you most.

Go For Credit Unions

For-profit banks in their quest to generate profit from issuing loans have high-interest rates. Credit unions are not-for-profit lending bodies. Due to this, they have the lowest interest rates. You can go for this type of lending institution in order to save costs.

Have a Good Credit Score

A credit score is a numeric statement highlighting your financial worthiness. Most lenders today review credit scores to ascertain the probability of a prospective loanee defaulting on a loan payment. A good credit card score can enhance your chances of getting a low-interest loan.

Try an ARM

Adjustable rate mortgages have lower interest rates for the first few years unlike a fixed mortgage interest, the initial interest paid is lower for the first 3,5,7 years and changes periodically according to prevailing rates. You can use to lock in low rates for few years if you do not intend using the house for long.

Pay For Points

In order to get a loan at a lower interest, you may consider paying an upfront fee equal to 1% of the total mortgage amount. A lender drops the interest paid after you have bought the rate. Paying for points helps you pay for lower interest rates in maintaining your loan on a long term.

Type of House Bought

Lenders tend to lower interest rates for single family house mortgages than for residential house mortgages. The reason could be hinged on the fact that family houses are subject to lesser risk than residential houses. You can secure a mortgage loan for a family house at a lower interest rate.

There you have it! Above are a couple of tips to help you get best interest rate when buying a house. You don’t have to break the bank just because you are buying a new home. With so many mortgage banks and loan lenders springing up rapidly, you should scrutinize the policy and terms of each financial institute before acquiring a loan for the purchase of a house. By following the tips above, be rest assured of getting the best home deals.