Camarillo Real Estate Agent

Camarillo Real Estate Agent - Terese Ayers

What to expect in closing costs on a home purchase

Terese Ayers

Many are taking advantage of this year's low mortgage rates to purchase a home. Pent up with excitement, many families, who have scrimped and saved for a down-payment, jump for joy when the mortgage lender finally approves their application. But, they should realize that there's a whole new set of expenses that must be covered before actually closing on the sale.

New homeowners are often taken aback by up-front closing costs such as mortgage and title insurance, attorney fees, recording fees and loan points, which can run into the thousands of dollars. But there is no need to be afraid of these charges. With a little background on their purpose and shrewd financial foresight, closings can be a breeze.

Moving on: Powerful tips for selling your home

Terese Ayers

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Maybe you're moving to a larger home to accommodate a growing family, relocating for a new career opportunity, or purchasing a townhouse for retirement. Whatever the reason for the move, you'll need to take the necessary steps to sell your home for the best possible price, within a reasonable amount of time. Where do you begin?

If you're like most people, you'll start by seeking assistance from a professional. A local real estate sales associate, who knows your neighborhood, can help you determine a fair market price. The sales associate should also recommend the extent to which you should make repairs or improvements to your house.

In order to select a real estate professional who's right for you, ask family, friends and neighbors for referrals. Attend open houses and interview several sales associates to find out how professional or experienced they may be. Get a written outline of how they plan to market your property and the services they will offer you.

Timing the Market

Terese Ayers

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If you've been thinking about selling your home and buying a new one, but you're concerned about how to best "time the market" so you get market value, I can help.

Vacation homes are becoming a reality for more homeowners

Terese Ayers

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Vacation homes are becoming a reality for more homeowners. Whether its a oceanfront cottage, a log cabin in the woods, or a home on the golf course - a vacation home often seems to be a dream that only the wealthy can afford. But these days, you dont have to be a millionaire to own one.

A nationwide survey shows the median household income of second-home owners is $46,500. And, according to recent statistics, there were 7.2 million U.S. households in 1990 that owned some kind of recreational property or second home for vacation purposes. That number is expected to at least double and possibly triple over the next 10 years. With todays continued low interest rates, the tax advantages a second home can bring, and a wide selection of areas experiencing solid home price appreciation, this is an excellent time to consider purchasing a second home as an investment and a great getaway place.

5 Factors that decide your credit score

Terese Ayers

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5 Factors That Decide Your Credit Score

Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.

2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.

More Articles...

2009 Homebuyer Tax Credit Extension

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Terese Ayers -REALTOR®

What to expect in closing costs on a home purchase

Moving on: Powerful tips for selling your home

Timing the Market

Vacation homes are becoming a reality for more homeowners

5 Factors that decide your credit score

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