Sean Perkins - Stone Ridge Properties



Posted by Sean Perkins on 4/4/2018

Itís a long road to get to the status of being a homeowner. Once all of the iís are dotted and the tís are crossed at closing, youíll be handed the keys to your wonderful new place to live. Now, youíll have a huge responsibility on your hands as well. Youíll need to pay the mortgage monthly. Youíll need to perform regular maintenance around the home. Youíll also need to pay for things like home insurance, utilities, and more. Everything that happens in your home when you have those keys is your responsibility. 


Once you have unpacked and settled into your new place, thereís a seemingly unending amount of things to do including organizing, unpacking, painting, decorating, cleaning, renovating, and so much more. You really need to take a break from all of that and take the time to bask in the glory of homeownership for a few minutes.        


Know What You Have Accomplished


Buying a home is not something that every person can achieve. It takes a lot of hard work, dedication, and persistence to save up money, find a home you love, and close the deal. Youíll also learn a lot through the process of buying a home. Youíve established a sense of independence and freedom through buying a home; youíre truly living the American Dream. 


You Have Something To Call Your Own


As a homeowner, you are not the master of your own domain. Anything that you wish is your command. Any hobbies you have, whatever type of decorations you want, and the types of chairs you like to sit in are all your choice in your own home. Once you own a home you donít need to worry about the unruly neighbors upstairs or the landlord who wouldnít ket you paint the walls. Do you want to plant a vegetable garden in your yard? You can! Thereís no one there to tell you that you canít. Have a blast using your yard and your home the exact way that you want it. Now you can feel free to have friends over and entertain to your heartís content. This is one of the best parts of owning a home.


You Now Have A Better Financial Future


Buying a home is a smart investment. Youíre contributing positively to your financial future. Every mortgage payment that you make is contributing to something that you own. Thereís no security deposits and no fees for your pets. The longer you live in your home, the more equity that youíre building up since your property is increasing in value over time. If you continue to make timely payments and upkeep your home properly, youíll be able to really see a return on your initial investment on the home.  

    





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Posted by Sean Perkins on 2/28/2018

Buying a home is one of the more complicated purchases that youíll make in your lifetime. Itís not something that you can just open your wallet, pull out a wad of cash and buy. Thereís a warm-up period for a house hunt. You need to prepare before you even start the process of the purchase. Thereís a lot of different things that you should do to ready yourself to buy a home. Youíll need to organize your finances, find a real estate agent and ready yourself. If youíre looking to buy a home in the near future, itís time to get busy! 


Keep Your Credit Score In Check


Your credit score is so important for so many reasons. The highest your credit score can be is 850 and the lowest it can be is 300. Youíll get a really good interest rate on a home if your credit score is 740 or above. A lower interest rate can save you a lot of money over a yearís time. 

The good news is that you can spend time repairing your score. This will include paying down debt, asking for credit limits to be raised and correcting errors that may be on your credit report. You want to be sure that youíre using 30% or less of your total available credit. As always, if your bills are paid on time, it will help you to keep that score up. Also, stay away from opening new credit cards, as this can bring your score down due to frequent credit checks. 


Put Gifts To Good Use


Whenever you get a financial gift, whether it be for a wedding, a Christmas bonus, or a birthday gift, make sure that you save it for your home purchase. Youíll need quite a bit of capital between closing costs, fees and down payments. Youíll be glad you saved the money once you start the home buying process. Youíll also want to make sure that you have and emergency fund built up. You donít want to buy a home without some sort of a financial cushion behind you. 


Research Real Estate Agents 


Your real estate agent will be your right hand person when it is time to buying a home. Youíll want to know that your agent is knowledgable and can help you in this big decision. Your real estate agent is the person who will help you reach your goals, and you want to feel comfortable with them. Ask for recommendations and do your research.  


Get Preapproved


Sellers love buyers who have been preapproved. This shows that theyíre reliable and financially able to buy a home. A preapproval can be done a few months in advance of buying a home. It will take an in-depth look at your finances including:


  • Proof of mortgage or rent payments over the last year
  • W2 forms for the past 2 years
  • Paycheck stubs for the past 2 months
  • List of all debts including loans and court settlements
  • List of all assets including car titles, investment accounts and any other real estate you may own.


Buying a home is a big deal but with the right preparation, youíll be on the road to success and ready to secure a home purchase.




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