Tag Archives: Pooler homes for sale

Many Thanks & Congratulations!

20 Jun

Mr. Akridge bought one of my listings and got a great home at a great price. Congratulations!

DOUGLAS

Congrats to The Beesons…again!

19 Jun

These two may look familiar. They have bought and sold with me three times now. We just closed on a new home in Pooler that is just perfect! Congrats to The Beesons!

BEESON2NDCLSOING

Does Moving Up Make Sense?

17 Mar

 

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

  1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.
  2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.
  3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.
  4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
  5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.
  6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.

The Worst Things You Can Do Before Buying A Home . . .

10 Mar

Cynics may scoff, but getting under contract on the right home can turn even the most stoic shopper into a bit of a dreamer. From paint colors to planting a garden, picturing yourself in that property is critical for many buyers.

But leave a little room for pragmatism. Remember that getting pre-approved for a mortgage and even under contract isn’t a guarantee. That prefix is there for a reason. Loan pre-approval is not loan approval.

You’ll have more hurdles to clear before a lender legally commits to funding your home loan. Buyers who don’t know any better can inadvertently add obstacles to that path, or even kill the entire deal between contract and closing day.

Some missteps can be costlier than others. Here’s a look at five of the worst things you can do before buying a home.

1. Go Credit-Crazy

It’s almost become cliché in the mortgage industry, but the warning still bears repeating: Don’t buy a truckload of furniture until after your loan closes. The prohibition goes beyond sofas and settees,  avoid obtaining credit for any major expense, such as a car, a boat or, yes, a new bedroom set.

Be careful with even minor expenses. If you absolutely need to obtain new credit or accrue debt before closing, talk with your loan officer as soon as possible.

New payments are going to affect your monthly debt-to-income ratio (and residual income on a VA loan), and not in a good way. Hard inquiries on your credit report could also lower your credit score. That might hurt your interest rate if you haven’t locked or even knock you out of qualifying range all together.

2. Shuffle Dollars and Cents

Lenders will scour your most recent bank statement as part of the pre-approval process. It’s not like they forget about it after that. They’ll take another look at your assets and bank records again during the underwriting process.

You’ll need to explain any unusual deposits or withdrawals. Lenders will require clear documentation and a paper trail if you’re putting gift funds toward a down payment or closing costs. Stuffing a wad of undocumented cash into your account is going to raise some red flags.

3. Get Behind on Bills

Having a late payment hit your credit report before closing can devastate your deal. Payment history comprises about a third of your credit score.

One solitary 30-day late payment can clip 60 to 110 points from your credit score. Maybe not a huge deal if you had an 800 score, right?

Possibly. But if that 30-day late blemish is a mortgage or rent payment, some lenders will boot your application altogether. Many will require at least 12 consecutive months of on-time payments to qualify for a home loan.

4. Co-Sign on a Loan

Co-signing a loan is arguably a bad financial move whenever you make it. But it’s especially risky during the mortgage lending process. It means you’re financially liable for someone else’s debt.

Yes, that someone else might be the most responsible person on the planet. Lenders will still need to factor that new monthly obligation into your overall affordability profile. Adding one more debt to the list could stretch too thin your debt-to-income ratio and assets.

5. Changes in Employment

Probably goes without saying, but losing your job is going to be a big problem. Even job-hopping can present some major hurdles. Lenders crave stable, reliable income that’s likely to continue.

Lenders are likely to slam on the brakes if you take a new job in a different field. Or if you decide to start your own business. Or even if you get a promotion but see some or all of your income shift to a commission basis.

The bottom line: Any change to your employment is significant. Keep your loan officer in the loop, and ask questions when in doubt. The last thing you want is to waste time and money on a home loan you’re never going to get.

Throughout the mortgage process, it can also be helpful to monitor your credit scores for changes so you can know whether you need to address any problems. To do that, you can use a free tool like Credit.com’s Credit Report Card, which updates your credit scores and an overview of your credit report every month.

This article was written by Chris Birk and originally published on Credit.com.

Congratulations Tim & Jenni!!!

21 Nov

Tim, Jenni & I have been on quite the ride. I first met the Carey’s a few years ago when they relocated here from blustery Michigan. I helped them find a home while they settled in. Then last year they decided they were ready to buy again. They chose to build a brand new home, and it is gorgeous!! I have to say there were a few challenges on this transaction but in the end everything was great and some of the nicest people I have ever met got a beautiful home. Cheers guys!

tim n jen house

Under Contract – 1212 Crawford Way

24 Jun

Cute little HUD house under contract. With a little TLC this will be a happy home again!

1212 crawford

Congrats to Mike

7 May

Mike is one driven individual. Hard work pays off and he deserves the beautiful new home he closed on. MIKE

Under Contract – 3 Rolling Springs

17 Jan

3rollingsprings

This beautiful 4 bedroom 2.5 bath home with loft is being bought out of foreclosure. This was a fantastic buy as the buyer got such a good price, the appraisal came back favorable with equity.

 

Many Thanks…

5 Dec

The Jenkins are a young military family with two of the cutest twin boys I have ever seen! I helped them sell their first home and move up to a second home to accommodate their growing family. Mr. Jenkins will deploy in a few days to Afghanistan and I wish him a safe journey and many,many thanks for his service to our nation. The strength it takes to be an Army family is inspiring and I am grateful for that as well. Congratulations Solomon & Shameia. Thank you both for your service to our country. 

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Congratulations to The Hankins!

5 Dec

Eric and Stephanie stuck out a bumpy ride with an REO, but got a wonderful first home. They bought in a community with lots of amenities and their home has plenty of room to grow into. Thank you both for the opportunity to work with you. Congratulations!

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Home for the Holidays!

19 Nov

Under Contract- 143 Wax Myrtle

 

This super cute, like-new, 4 bedroom home has plenty of room for this young family. Complete with formal dining room and fireplace, this new home will be perfect to host Holiday celebrations.

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New Listing! 61 Timber Crest

14 Aug
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