DEBUNKING MYTHS TO HOME BUYING

June 12th, 2017

Finally ready to make the transition into home ownership? That’s awesome, and in this exciting time you can be turning to friends and family for an insight into the process. However, there seems to be a circulation of misinformation spreading around, so we’re here to clear up a few myths.

Are you looking to buy or sell in the Manhattan, KS area. Contact me today to set up a time to discuss your needs.

1. THE FIRST STEP IS SEARCHING FOR A HOME

You know the saying, “Don’t put the cart before the horse,” well that’s important to remember when it comes to buying a home. You don’t want to start looking for a house until you have gotten to sit down with a lender and discuss what the bank will qualify you for. If you fall in love with a house that’s $250,000 and come to find out you’re only qualified for $200,000 you can get your hopes crushed and waste a lot of time. Don’t start the process on the wrong foot and make sure the numbers line up.

2. YOU DON’T NEED A REAL ESTATE AGENT

For starts, when buying a home, 99% of the time the buyer’s agent gets paid by the sellers. That random 1% can be for odd circumstances. So you’re getting to use the services of a real estate agent for free. Having a real estate agent on your side means you’ll get to see homes that aren’t as readily available on public searches, you avoid outdated listings and scammers (there are lots of them), and you have protection when it comes to navigating the legalities of contracts and buying a home. Why wouldn’t you want an awesome negotiator working to ensure you get the best from the transaction? For FREE!

3. YOU CAN’T BUY A HOME WITH BAD CREDIT

Fortunately for some, this is a myth. Lenders and banks come by the hundreds of thousands and all though there are a few loan options, a lot of lenders can work with credit scores down to the low to mid 500’s. Get in touch with an agent to help you connect with the right lender who can help you potentially approved. There is a lot of factors that go into approvals, but your credit doesn’t have to be a sore thumb during the process. However, you will be doing yourself a favor if you connect with a credit repair specialist to at least get those numbers in the 600’s. A better score will lower you interest rate.

4. YOUR DOWN PAYMENT HAS TO BE 20%

Think you have to sell an arm and a leg to buy a home? Not at all! An FHA loan only requires 3.5% while a conventional only requires 5%. There are a lot of programs that can potentially help you with down payment assistance or be 0% down mortgage. USDA and VA loans are the most popular 0% down programs. If you qualify, this can take a big chunk off the amount of cash you have to bring to the closing table.

5. DOWN PAYMENTS ARE THE ONLY UPFRONT COST

This is one of the biggest misconceptions. There is a lot of cost that goes into buying a home, and that includes upfront costs. One of the mandatory ones are a termite and appraisal. If you are getting a mortgage, the home will have to appraise and get a letter stating there are no termites in the home. Termite can range between $25-$75 dollars. An appraisal can range from $300-$700 dollars. Aside from your down payment, you then have to pay for closing costs. And NO, they are not the same thing. Closing costs can range anywhere between 3-6% of the purchase price. In certain markets, this can be negotiated for sellers to cover by rolling into the offer price, but whether that decision is smart to do or not when it comes to landing your dream home will need to be discussed with your agent.

Now that you have some knowledge to get the process started, contact me and I will help you get through the process as smoothly as possible.

6 REASONS YOUR HOME WON’T SELL

June 6th, 2017

Are you ready to sell your home and want it to have a great first impression on the market? Or maybe your home has been listed for a few weeks or months, and you can’t figure out why it won’t sell, and you know your agent is working hard to market it. We’ve listed below the top 6 reasons your home may not make a good impression and end up stagnant on the market.

1. IT’S OVERPRICED

To be clear, an overpriced home is the #1 reason a home won’t sell. We often times want our homes to be worth a lot more than we may see based on the data, but if you put your home on the market for the number you wish it will bring instead of the price it actually needs to be, your home can sit on the market for months without getting a single showing. If you’re thinking you need to price high to leave room for negotiations, statistics show that views for your property, for buyers in your price range, can drop a whopping 90% if it’s priced too high. Discuss with your agent what the market says the value of your home is, then price it competitively to potentially get a bidding frenzy instead of low offers or having it expire.

2. LOW SHOWING AVAILABILITY

Making sure the house is clean and having to leave on a daily basis for buyers to tour the home may get a little overwhelming, but it is crucial to have open availability to have your home shown. You could end up missing out on the perfect buyer if you decline too many showings. The longer it sits on the market, the less value buyers will see in it. Talk with your agent about having a 24 hour notice period if the extra time is needed, but make sure your home is available to be shown as often as possible.

3. CLUTTERED SPACE

Buyers want to walk into a house and envision their lives in that home. This is difficult to do if your home is cluttered with personal belongings. They are instantly given the feeling of invading someone else’s personal space, instead of the satisfaction of being able to see a future in your home. Make sure your property is clutter free before putting it on the market; and store away any family photos.

4. UNPLEASANT ODORS

If you smoke or have pets, it’s easy to get used to the smell to the point that you don’t even notice it anymore. But it’s important to understand that the scent can be picked up by new people visiting your home, and it can really turn them off from making an offer. Before a showing, make sure to dispose of any garbage, don’t cook fish or other strong smelling food, and ensure the home is freshened up so there are no pet or smoke odors.

5. UNWILLING TO MAKE REPAIRS

Selling your home as-is may sound appealing at first, but being unwilling to make repairs could cost another mortgage payment that far exceeds the cost of repairs if you refuse to work with the buyer on their requests and the home goes back on the market again. It’s wise to be open to repair requests, and simply go over with your agent what you can afford to do and make a reasonable counter offer during the repair negotiations. 

6. UNWILLING TO NEGOTIATE WITH BUYERS

It’s important to have an open mind about requests that will come from buyers when it comes to purchasing your home. These requests can come in the form of price negotiations, repair requests, or even requests to cover closing costs or home warranties. With your agent on your side advising you of the best steps to take, it’s best to be open to working with the buyer’s on some of their requests to ensure a successful closing.

Home Inspection, should I get one?

February 2nd, 2017

Today, I would like to discuss with you the importance of getting a home inspection whether you are buying new construction or an existing property, and what you can expect to see on an inspection report.

On the inspection report, you can expect to find things checked such as the electrical, the kitchen appliances, bathrooms, roof, visual inspection basement and the exterior of the home, and much more.  Inspection reports today are anywhere from 30 to even 50 pages long depending on the property, and the square footage. Your home inspector is incredibly thorough and does his best to report everything he sees in a manner that is best presented to you so you understand the property and what is going on with it. Most reports will also include photos of the home so you can reference an image when reading the report.

I often get asked, “I’m buying a new construction. Should I get the house inspected?” I do recommend getting all properties inspected whether they are a new construction or resale property. I think it’s a great opportunity for a third party to walk through and just double-check everything with the property.  It also provides you a nice report that you can then have that gives you a little bit of background on your home, in addition to the documents that you will receive from the builder.  The home inspection report also provides a punch list of items that might not be done yet, so that way we’re all on the same page of what is still yet to be finished with the property.

Interested in searching the Manhattan market for homes for sale? Go to taraclaycamp.com to search the up to date live local MLS feed! If you have additional questions, please feel free to to reach out to me. My cellphone is 785-317-6826, or you can always email me at taraclaycamp@gmail.com

Renting, but thinking about buying a home?

August 19th, 2016

Are You Stuck in the Renter’s Trap?

 

Real Estate Market Video

March 9th, 2015

How is the real estate market?

Is it a good time to Buy real estate?

Is it a good time to list my home Sell my home?

Looking to Buy or Sell?

February 25th, 2015

Northeastern Kansas is a great place to live, work and play. When you’re thinking of buying or selling a home, working with a REALTOR can help take away the stress of all that a real estate transaction entails.

If you’re not familiar with “purchase agreements,” “disclosures,” and other legal requirements involved in buying and selling homes and property, don’t worry– I am. As a REALTOR in Manhattan, Kansas, I am very familiar with the substantial amount paperwork involved in real estate transactions and can help guide you through the process of buying or selling a home.

 

I study the market and know details about certain areas that can help you price your home accordingly so it sells. As a REALTOR, I can show your home to potential buyers without you having to be there.

If you’re a buyer, I can be your objective negotiator, working toward getting you and the seller to discover a mutually agreed upon purchase price.


Call me at 785-317-6826 or email me at info@TheLittleAppleLife.com. I’m here to help you buy or sell a home in Northeastern Kansas.

It’s Official Manhattan, Ks…..

January 18th, 2013
This certifies that I have completed the Internet Marketing Specials Designation.

This certifies that I have completed the Internet Marketing Specials Designation.

I am thrilled to announce that I have received my Internet Marketing Specialist Designation. Through the IMSD program I have learn valuable tools to maximize exposure for my sellers and increase my ability to connect with potential buyers. We all know that the majority of buyers are looking on the Internet even before they contact an agent to view homes.   What that means for you. Your home must have a dominate Internet presence in your area. It must stand out from the competition. With this training I am able to maximized exposure for your home through proved marketing stategies. The formula is simple. Interested? Feel free to get in touch with me today for further information!

Purple Power Play on Poyntz

August 20th, 2012

Calling Manhattan, Kansas residents and all Wildcat Fans! It is almost time to, “Cheer on the Cats!” Next week starts the football season opener against Miami at Bill Synder Family Stadium.  For those of you new to town, or those wondering where summer went football is here.  The season opener is preceded by Purple Power Play on Poyntz, a pep rally on steroids. Purple Power Play on Poyntz started in 1988. Originally it was to welcome back Kansas State University students. It began with only about 200 people in attendance and has now become a non-for profit organization that will have more then 80 vendors and have more then 20,000 people in attendance over the two days. For those looking for something to do this weekend in Manhattan, KS Purple Power Play on Poyntz begins on Aug. 30, 2012 at 6pm then concludes on Aug. 31st, 2012 with the Intrust Bank Firework and Pyrotechnic Display.

The first night is all about Kansas State University Football, with Coach Synder speaking at 8:10pm (per the schedule). Prior to the Classy Cats, MHS Pops Choir, Bates Dance Studio and Brad Everett (KSU Baseball Coach) will all be in attendance.Willie the Wildcat will be available for photos with the kids and  from 5pm-7pm in the Manhattan Town Center. I am sure if you do not fall into the age range of “kid” you could still get a photo too.   There will also be a performance by the “Pride of Wildcat Land,” the KSU Marching Band!

Night two will be the KSU Men’s and Woman’s Basketball night. Bruce Webber the men’s coach and Deb Patterson the woman’s coach will be the speakers of the night. Performances by the Jared Daniels Band and the K-State Tap Ensemble will round out the performances prior to the Intrust Bank Firework and Pyrotechnic Display.

It is truly family fun though and not just for those who “bleed purple.” Both nights there is the Capitol Federal Savings Inflatable Carnival from 6pm-8:30pm at the 500 block of Poyntz Ave. Did I mention this is free?  Poyntz is lined with vendors, face painting, food and fun. If you have never been it is worth going down and checking it out. The Manhattan community works very hard in promoting events such as this and making it so that there is a little something for everyone to enjoy.

January 17th, 2012

A New Year is in full swing! The real estate market has been busy and new buyers are contacting us everyday. If you are on the fence and can not decide whether it is time to put your home on the market, NOW IS THE TIME to get started. It is important to get your home ready and have ample time to get everything done. Let’s face it, we are all getting busier and busier. Give me a call so that we can visit and get your home ready for the Manhattan Real Estate market. It is going to be a great year!

Bowl Bound

December 6th, 2011

Congrats to the KSU Wildcats on the Cotton Bowl nod! I am sure the last 24 hours have been a blur for both players and fans alike. Players getting prepared and fans preparing in their own way, buy getting tickets and hotel rooms!

I will be supporting my cats from good ole’ Manhappiness!

Go State!