Friday, July 23, 2021 / by Capprice Kitchen
It's been challenging to adjust to a new normal during the COVID-19 epidemic. With residents being asked to continue to stay at home, there are many who have lost their jobs or been asked to work remotely. The mortgage industry has also taken a big hit that has directly affected homeowners, renters, and investors alike.
There are many who are in the final stages of closing on their homes, and for some, the pandemic has made it difficult to efficiently move forward with the process. To help, desktop and exterior- only appraisals are being accepted as long as there is sufficient property information available online - this is not typically the most ideal method of a property appraisal. Potential borrowers can also submit their verification of employment via email, paystub, or bank statement to help streamline the process.
Significant changes have been made during COVID-19 to help homeowners get through "the new normal". tThose who have lost their jobs may be eligib ...
Monday, July 12, 2021 / by Capprice Kitchen
It may come as a shock that many people purchase a home before ever setting foot inside. These buyers may be moving to a new country or city far away, or they may not have the time or resources to visit for a home search before the big move. Not everyone has the option (or the desire) to rent for a few months while they find a permanent home in their new location. Most homebuyers would prefer to purchase a house before they arrive, so they can move their belongings and quickly get settled into their home.
There are a few things you can do to make the process more manageable if you've considered buying a house unseen. The first step is to find a realtor in the area that you can trust. Let them know your circumstances and that you'll need them to help vet potential properties for you. They'll be able to provide you with a link to a virtual tour if it's offered, or schedule a meeting where they can walk you through the house via FaceTime or another video-based app. This will help y ...
Monday, May 24, 2021 / by Capprice Kitchen
Will rising rates affect how much you can afford to borrow when you’re buying a home?
My name is Capprice Kitchen, Amelia Island Real Estate Associate. Today, let’s talk about how the increasing rates will impact your home buying power.
We’re already seeing rates slowly start to increase and it’s leaving a lot of potential buyers wondering “Can I still afford to buy a home, or did I miss my chance?” Here’s what you need to know:
Every time the mortgage rate increases, the loan amount must decrease to keep your monthly costs in your budget. This means that you may have to look for lower priced homes the longer you hold off.
At the end of the day, right now is the perfect time to lock in your rate while they are still low so you can afford to borrow more! This gives you way more purchasing power when you start house hunting!
Rates are rising and the numbers you’re seeing today mm ...
Sunday, May 16, 2021 / by Capprice Kitchen
I’m sure you’ve heard about this crazy seller’s market we’re experiencing in the Amelia Island/Fernandina Beach area (and everywhere else it seems), so if you’re considering listing your home, here are tips to sell your home for top dollar!
My name is Capprice Kitchen with Pineywoods Realty and I’m excited to give you the tips you need to get the most bang for your buck when you sell!
Number One: Make Buyers Feel at Home:
One of the best ways to get an offer quickly and for top dollar is to do everything you can to help buyers picture themselves living in your home! Take time to declutter, paint walls neutral colors, and remove unique décor that may turn away buyers. Remember, we all don’t have the same likes and dislikes and you’d be surprised what little details may turn away a buyer.
Sidebar – My husband is a huge University of Tennessee fan and when we listed our house in Brentwood, TN, t; ...
Monday, May 3, 2021 / by Capprice Kitchen
It can be disturbing to realize that the beautiful home you’ve fallen in love with is in a flood zone. While it’s not necessarily a deal-breaker, there are some serious considerations to understand before moving forward.
Flood zones are defined by the Federal Emergency Management Agency (FEMA) and are categorized according to the level of risk. A high-risk area is defined as having a 1+% chance of annual flooding, whereas a low-to-moderate location has a 0.2% or less chance of annual flooding.
FEMA maintains a flood map center where you can research the classification of the location and the level of concern. Zones labeled A and V are the highest risk zones. These are areas that are either coastal or riverside communities. These Special Flood Hazard Areas will have to carry flood insurance and have a 25% chance of serious flooding in a 30-year timeframe. Zones labeled B, C, and X are lower risk.
Flood insurance is available to homeowners in any location. It ...