Posts Tagged ‘Kansas State Univeristy’

DEBUNKING MYTHS TO HOME BUYING

Monday, 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estate agent on your side means you’ll get to see homes that aren’t as readily available on public searches, you avoid outdated listings and scammers (there are lots of them), and you have protection when it comes to navigating the legalities of contracts and buying a home.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.

Purple Power Play on Poyntz

Monday, 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.