Egypt Sherrod’s getting approved for a mortgage

Next to finding your dream home, getting approval for a mortgage to buy the property is the most important step in the home buying journey. While I am certainly no expert in home financing, I have listed my top eight tips on how to put yourself in the most favorable light with the bank that is helping you with your mortgage: Prove your stability. If possible, don’t jump around to different jobs too often. Banks like to see consistency in your paychecks and employment over a long period of time. ...

Egypt Sherrod’s eight ways to find a home in a seller’s market

The real estate market is in a constant state of flux. Sometimes there is a shortage of houses available for sale , creating the environment for a seller’s market, which can lead to higher prices and bidding wars on desirable properties. Many times it’s the other way around- a buyer’s market. That’s when buyer’s have more leverage than sellers and are able to negotiate a lower price for a home or get closing concessions. As of today it’s a seller’s market in the U.S. and has been so for the past three years. Many cities simply can’t keep up with the demand ...

Egypt Sherrod’s finding the home of your dreams

Once you have assembled your real estate dream team, the hunt for the home of your dreams can begin! An ideal starting point is making a list of desired features that the house needs to have. Additionally make a list of what you absolutely do NOT want in a house. This will simplify the process and give your real estate agent a road map. Since it’s not always easy to find a house that will meet 100% of your wish list, you may want to think about any points that you’d be willing to compromise on.  Once you’ve narrowed down ...

Egypt Sherrod’s building your real estate dream team

Buying residential real estate property is a journey best taken with the help of an experienced agent by your side. With so much riding on a home sale or purchase, you want the best talent possible to ensure you make the right decision. When searching for and picking an agent you can’t put the bar high enough. Here are four qualities that I think make an excellent agent: Commitment: Ability to focus his or her complete time and attention on you and your needs. Communication: Ability to listen and respond to what you want, not just what ...

Egypt Sherrod’s ‘12 pros’ to use when selling to property virgins

Buying property for the very first time can be a stressful journey. In my career, I have noticed that the best real estate agents will often go to great lengths to offer both practical and emotional support to their first-time homebuying clients. The challenge of working with new home buyers is that it’s rarely a cut-and-dried affair. Some first-timers may think they are ready to take the plunge into home ownership but may not actually have sufficient funds for a down payment or a solid credit history for financing. Others may not be ready to settle into a community ...