Posts in category 'Buy A House'

When you move from one home to another, there are always bumps in the road. Sometimes, the road goes out, and you need a bridge to get to the other side. Bridge loans are short-term loans that give you access to cash that you can use to make the transition a little smoother. Our real estate agents often help clients who use bridge loans to pay off existing debts, finance their new home, and other things. There are advantages and disadvantages to bridge loans, and buyers should fully understand the benefits and drawbacks involved before applying for the loan.

Bridge Loan Basics

Bridge loans are short-term, with most having repayment periods of between six to 12 months, but some can extend to two or three years. These loans are typically used by homeowners who wish to purchase a new home before their current home is sold. Homeowners can tap into their equity to secure a down payment, remodel the home they want to purchase, and cover expenses until the house sells.

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The internet is full of articles about the number of steps necessary to buy a home. They make it sound as if you can sit in front of your computer for an hour in the morning and go house shopping in the afternoon. This is likely the largest purchase you have made in your life, and if you haven't done your homework, can be a very stressful experience. Our real estate agents want you to enter the process with a clear vision of the path before you and the confidence to know that with their help, you can navigate it. 

• Are you ready to buy a home?
  Readiness includes good work history, steady income, a good credit score, a working budget, and savings. If you have no idea how to create a budget or calculate your credit score, you're in good company. More than half of Americans have no idea how much money they spent last month. They think of budgets like they do diets: One more set of rules to control you. But in truth, a budget is a roadmap to your ultimate goals, and there is no shame in asking for directions along the way. HUD offers several opportunities for first-time home buyers to get the information they need online and with a housing counselor. A counselor can help guide you in creating a budget and answer your questions.

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Here at Fisher Nicholson Realty, our real estate agents know you have plenty of information to sort through when making important decisions about your home sale. Market conditions change, and it's essential to time your transaction right.

One thing that should never be overlooked is the importance of having the right real estate agent. There's still plenty of interest in Klamath Falls homes for sale, but only an agent is positioned to help you access qualified buyers and achieve a successful sale.

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Buying a new home can be a stressful experience. There are ups, downs, twists, and turns like a rollercoaster. One minute you can be riding high on excitement, and the next, you could find yourself in a dark tunnel with no end in sight. Whether it's your first home or your next home, our real estate agents recommend the following steps to help keep your spirits up and your thoughts positive throughout the homebuying process.   

• Don't Get Too Attached
  Every home you see will have something you love, something you like, and maybe something you never thought you'd ever find. It's common to develop a quick attachment to a property, but it's best to remain aloof.

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Our real estate agents know that depending on where you're from, moving to Oregon can be a bit of an adjustment. Many of our clients love Klamath Falls homes for sale but they wonder if they are ready for an Oregon winter, for example.

Moving to Oregon is well worth it, and many of the concerns new residents have are things they easily adapt to. Let's take a look at what you can expect from the Beaver State and how to make a move easy.

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