Weekly links: Sept. 14

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From our blog:

Our listings:

Must read/see:

From La Crosse Fine Homes Pinterest (if you want one of your pins featured, follow us on Pinterest):

We hope everyone has a great extended weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Sept. 7

easelly_visual

From our blog:

Our newest listings:

Must read/see:

From La Crosse Fine Homes Pinterest (if you want one of your pins featured, follow us on Pinterest):

We hope everyone has a great extended weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Sept. 1

Can you believe it’s already September? Here’s what we’ve been reading during the last couple days in August.

From our blog:

Our newest listings:

Must read/see:

From La Crosse Fine Homes Pinterest (if you want one of your pins featured, follow us on Pinterest):

We hope everyone has a great extended weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

A love letter for a house

Clients often ask if there is anything they can do when submitting an offer that will make the sellers chose theirs over another. Competing offers are always a concern, especially when many real estate agents keep their cards close to their chests.

In Minnesota, a few buyers took matters into their own hands and wrote letters to the seller to try and persuade them to pick their offer over another.

Think of it like a love letter but for a house.

Aleah Vinick recently wrote a letter to a seller that described the fondness she and her husband feel for the Powderhorn Park neighborhood of Minneapolis, where their dream house was located.

“The neighbors, the events, the park itself shape our day to day and inspire us,” she wrote.

They got the house. It’s unclear if the letter made a difference. But the seller did tell Vinick’s real estate agent that he appreciated it. He didn’t mention the part of the letter Vinick left in by mistake, in which she accidentally included a gushy “hugs and kisses” closing — left over from an early draft sent to her husband.

Writing such a letter can go either way. Some sellers may think of it as a cheesy tactic that shows desperation or a way to make up for offering less money.

Some sellers may find the thought of parting with their house of 30 years (where they have made many memories) eased knowing that someone else is going to get to make more memories in it.

The real question is, would you do it? Let us know what you think in the comments.

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Aug. 25

Here’s what we’ve been reading:

From our blog:

Must read/see:

  •  July housing stats (via WRA)
  • How cooler heads can prevail during renovations (via NAR)

From La Crosse Fine Homes Pinterest (if you want one of your pins featured, follow us on Pinterest):

  • Herringbone tile
  • Ombre staircase
  • Linen closet storage idea (pretty brilliant if you ask us)

We hope everyone has a great weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

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Why pre approval matters

There are certain things that have to fall in place before you can buy a home:

  • Have enough for a down payment and all closing costs
  • Know what closing costs are
  • Clean up your credit score by clearing old debts and stop applying for other lines of credit
  • Figure out how much you can realistically afford
  • Know what you want in a home and what you can do without

But the most important thing to do is get preapproved for a mortgage, if needed. If, as a buyer, you don’t need a mortgage and are paying in cash, you are a rare breed and can log in to Facebook now. You don’t need to read this.

A pre-approval is a commitment in writing from a lender that a borrower would qualify for a particular loan amount based on income and credit information. Most pre-approval letters are good for 60 to 90 days.

A buyers’ chances of purchasing a home improve greatly when you have your financing in place before you walk through the first house.

It help you know what your limits are financially so you don’t spend six months looking at homes that are  out of your league. That is a waste of your agent’s and your time. Plus, you don’t want to fall in love with a house you can’t afford.

When it comes to writing an offer, having pre-approval is great. It is a good argument for why the sellers should accept your offer. It shows the buyer is committed to buying a house, can afford the price they are agreeing to and things won’t fall apart at the last minute because of financing.

Or, if you find a house you love and then have to go take time to get pre-approved, another buyer can swoop in and snipe that house.

Sad, but I’ve seen it happen.

Getting pre-approved isn’t as simple as filling out a profile on Facebook. The process for preapproval is a bit more extensive than in the past. You first have to contact a lender and will need to have a variety of documents, ranging from W2s from the past two years, paystubs for past three months, tax returns from past two years, savings and checking account bank statements as well as landlord or previous mortgage information. Contacting a lender before you start house hunting gives you ample time to get all of these together, so you don’t have to rush and stress out later in the process.

The lender will analyze your credit report for any red flags such as late or missed payments or charged off debt. Your credit score will affect your ability to qualify for a loan and determine how low of a rate you can get. Your overall debt (minimum credit card payments, student loan payments, car payments, etc.) will be analyzed to calculate your overall debt-to-income ratio. You will also need to provide any alimony or child support payments you are required to pay.

A lender can also answer questions of the ins and outs of mortgages.

If you have any questions about pre-approval or the process of purchasing a home, ask us!

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Aug. 18

Here’s what we’ve been reading:

From our blog:

Must read/see:

From La Crosse Fine Homes Pinterest:

We hope everyone has a great weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Aug. 12

Here’s what we’ve been reading:

From our blog:

Must read/see:

From La Crosse Fine Homes Pinterest:

We hope everyone has a great weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

Weekly links: Aug. 3

We hope you get a chance to get outside and enjoy the beautiful weather. If you are lounging around, here are some interesting links for you check out:

From our blog:

Must read/see:

  • Creative pantry solutions (via Zillow)
  • Six-story mansion has five stories underground (via Yahoo! homes)
  • The 10 most desirable DIY outdoor projects (via NAR)

From La Crosse Fine Homes Pinterest:

  • We found a few pins that were neat bathroom ideas
  • Here are some bike trail ideas
  • How to fix a running toilet

We hope everyone has a great weekend and if you have any suggestions, comments or questions, contact us!

La Crosse Fine Homes Group of Keller Williams Realty

When sellers want to paint

Hi everyone!

We wanted to add something different to our blog, so we are going to do some video posts.

Our first is some advice for when sellers decide to paint their walls.

If you have any questions or comments, feel free to contact us.

Have a great weekend!

La Crosse Fine Homes Group of Keller Williams Realty