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Terri Bias & Associates Blog

Wednesday, June 19, 2019   /   by Terri Bias

Starting The Search For Your Dream Home? Here Are 5 Tips!

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.

1. Get Pre-Approved for a Mortgage Before You Start Your Search

One way to show you are serious about buying your dream home is to get pre-qualified or pre-approvedfor a mortgage before starting your search. Even if you are in a market that is not as competitive, understanding your budget will give you the confidence of knowing whether or not your dream home is within your reach.

This step will also help you narrow your search based on your budget and won’t leave you disappointed if the h ...

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  house for sale, real estate, realty, selling, home, house, north carolina

Monday, June 17, 2019   /   by Terri Bias

5 Reasons To Sell Your Home This Summer!

Here are 5 compelling reasons listing your home for sale this summer makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.

Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to ...

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  house for sale, real estate, realty, selling, home, house, north carolina

Friday, July 20, 2018   /   by Terri Bias

5 Tips to Get Your Home Ready to Sell

It’s summertime and the living is easy, right? Well, maybe not for those of you looking to sell your home. Stress can set in as you see clutter, lots of personal belongings, and marks on the walls. When it comes to selling your home, here are 5 tips to increase the likelihood of a quick sell.

(source: patch.com)
The less of it there is, the better. A clean, organized home will help a potential buyer see more a “staged” home that could belong to anyone, rather than a home with all of your family photos, clothes and knickknacks out front and center. Even if you are still living in the property during the process, make sure clothes are organized, and depersonalize the home as much as possible.
It doesn’t have to be super fancy. Even a new mailbox or a freshly painted front door can change so much about a home. The outside of the home is what the buyer sees first. It is impo ...

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  house for sale, real estate, realty, selling

Thursday, June 28, 2018   /   by Terri Bias

FHA vs Conventional Loan

A house is an expensive purchase. For most people, houses are likely to be the largest purchases you will ever make. Even when needing only 20% of the cost, that can still be a very large sum of money. There is another choice. The FHA loan is a government backed option that will help reduce the amount of money you will need upfront in order to purchase a house. The lower upfront costs comes some extra hoops to jump through however.

Before deciding if an FHA is worth consideration, let’s quickly breakdown the main points of a normal loan. A normal loan typically requires a higher credit score (620 or above is a good rule of thumb) and a 20% down payment. A $100k house would mean you need $20k (you’ll need more for closing costs and other fees, but as far as purely going to the mortgage that’s all you need). The FHA is a tad more complicated.

The pros:

-The most well-known pro of the FHA loan is the lower down payment. An FHA loan can be a cheap as ...

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Tuesday, February 06, 2018   /   by Terri Bias

Should you buy a new house or and older house?

Is it better to purchase a brand spanking new house or one that has some mileage? The answer isn’t necessarily black and white for everyone. There are many things to consider while figuring out where you want to start planting your roots.

The Pros of a new house:

It’s probably not going to break and if it does you’re covered. It is less likely things will break because everything is, well, new. Most new homes also come with a warranty, meaning in the off chance something does break, you’re more than likely covered.

It’s easier to renovate when it’s still on paper. If you want to add rooms to your home, it’s a lot easier to erase and redraw some lines on a blueprint than it is to figure out how to attach a room to a fully constructed house.

Your bills will probably be cheaper. New technology usually means more efficient products. Better insulation, more energy efficient light bulbs, toilets that use less water, etc all mean ...

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