Egypt Sherrod’s the Closing Table

I can’t think of a more appropriate topic to end this series of posts I’ve been writing for eCommission than the closing table. After all, we have covered lots of topics related to finding and buying your dream home. But now is not the time to let up. The closing table is a critical and final part of your home purchase. Let’s begin: Make sure you bring every document you received throughout the home-buying process to the closing meeting. This includes the good faith estimate and proof of homeowners insurance. It would also be good to bring ...

Egypt Sherrod’s Home Title Scrub Down

Many home buyers can be left a bit confused when it comes to the home title and obtaining title insurance. In other words, what the heck do title companies really do and why should I buy title insurance? A title company’s sole purpose is to ensure that a property title is clean and legitimate. What does that mean? A title company makes sure that the individual who is selling the property is indeed the rightful owner of the land and its buildings. The title company will research everything having to do with the property before the ...

Egypt Sherrod’s home buying pitfalls to avoid

Purchasing a house for the first time can be a special experience in a person’s life. But if you aren’t prepared, what could’ve been a great ride, can quickly turn into a home-buying nightmare. Here are nine pitfalls I recommend you keep in mind as you look to purchase your first dream home: Being overly enthusiastic. Manage your emotions. Don’t jump for joy at the sight of a new house in the presence of the seller (or the seller’s agent) and then expect him to budge on the asking price. Save your high-fives for your agent. When dealing with the seller, keep ...

Egypt Sherrod’s Home Appraisals 101

Congratulations! You have made a bid on the home of your dreams and it was accepted. You then ordered a home inspection and fortunately, the house was found to be in good condition, or you were able to negotiate the necessary repairs. Next up? A property appraisal! The appraisal is meant above all else to be a safeguard for the mortgage company, which will never agree to loan you more money than the current property value as determined by an objective appraiser. All appraisers are state-licensed and work independently of mortgage lending institutions to ensure fair and accurate valuations. Appraisers will ...

Egypt Sherrod’s Making an Offer In a Seller’s Market

The moment of truth has arrived. With the help of your real estate agent, you have finally found the house of your dreams. The next step of your journey to becoming a homeowner is to make a formal bid, also called an ‘offer.’ Keep in mind, however, at this stage you may not be the only one making an offer for the house. There may be another bidder, or several others if you’re in a hot real estate market, and you will need to make your offer count. Here are five tips to help you improve your chances of winning a bidding ...

Egypt Sherrod’s Hiring A Home Inspector

Hiring a professional home inspector should not really be seen as an option. It’s simply a bare necessity if you want to save yourself loads of time, money and heartache on the back end. A home inspector will often notice flaws or imperfections that you are very likely to miss yourself. He or she conducts a walk-through of the property to assess the physical, mechanical, structural, and cosmetic condition of the house. In a home inspection report you will find the things that need to be replaced, serviced or repaired. With this report in hand, you will now ...

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 ...