Sunday, December 10, 2023 / by Tatiana Seidlin
Are you buying a home you can confidently afford?
Here are some guidelines to provide a starting point for answering the question... how much can I afford?
Most financial experts say housing expenses should be no more than 28% of your total pre-tax income. This includes your monthly P&I mortgage payment, homeowners insurance, property taxes, and PMI payments (if applicable).
For example, if your salary is $55,000 annually, your gross monthly income is $4,583 ($55,000 divided by 12). Your total housing costs (principal, interest, taxes, and insurance) shouldn’t exceed $1,283 per month (28% of $4,583).
Remember that total debt should be under 36% of your pre-tax income. This includes housing costs mentioned above and credit cards, car loans, personal loans, and student loans.
Hope this is helpful!
KW Advisors | United Home Group
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Thursday, November 16, 2023 / by Tatiana Seidlin
What is a Rent-to-Own Property?
A rent-to-own property is an agreement between the buyer and seller that allows the buyer to purchase a home after a few years of renting. It can be a bit more complex than a regular rental but is a viable alternative to purchasing a home you have not lived in yet. You will have to sign a standard lease and an option to buy agreement.
Typically, the buyer pays a slightly higher rent. In some cases, the seller allows these extra funds to act as a down payment at the end of the agreement. Should the buyer choose not to purchase, the extra payments are forfeited.
While a rent-to-own property allows you to "test drive" homeownership, you stand to lose money if you choose not to buy in the end.
It may sound risky BUT if you see the rental as a place you want to call home, it is worth speaking to your landlord about it.
KW Advisors | United Home Group
Sunday, October 1, 2023 / by Tatiana Seidlin
How to Successfully Stage your Home
Focus on Curb Appeal (Yup! again. It's really important okay!)
First impressions matter so make this one count. Consider pressure washing, fresh paint on doors and shutters, replacing house numbers, and a new mailbox. And of course, clean out the flowerbeds, spread fresh mulch, and plant some seasonal flowers.
Make sure your kitchen shines
Kitchens sell houses, so make yours stand out by clearing the clutter and updating the hardware. And please, please, please, make sure it’s clean!
Reduce Furniture to a Minimum
Too much or too big furniture will make your rooms look small and choppy. Arrange the furniture in a way that makes each room feel spacious, homey, and easy to navigate.
Depersonalize Each Space
Remove all the family photos, keepsakes, refrigerator art, toys, and personal items in the bathroom. You want the buyer to easily envision themselves in your home — not you in your home.
Thursday, September 14, 2023 / by Tatiana Seidlin
Moving Day Hacks
Purge your closets before you move and don't pack anything that you haven't needed, worn, or used in a year. This will also reduce the amount of laundry you have to do regularly. Who doesn't dream about that? You basically want to purge, every drawer, every cabinet, and every nook!
Pack a cooler so you have easy-to-grab snacks and water as needed. Don’t pack this in the back of the moving truck. I also like to back a suitcase as if I were staying in a hotel for a few nights. A couple of outfits, socks, toiletries, chargers, and a Bluetooth speaker. This way you don't have to dig and search for a shirt in the morning before you've unpacked. Keep it with you so it doesn't get buried in boxes.
Don't empty dresser drawers. Leave items there, and wrap the drawer in plastic wrap. Likewise, leave clothes on hangers and store them in a garbage bag or wardrobe box. This will save you an insane amount of time! ...
Wednesday, August 2, 2023 / by Tatiana Seidlin
How Do I Get TOP DOLLAR When Selling My Home
Focus on curb appeal. Think shiny new mailbox, pressure-washed driveway and sidewalks, trimmed trees and hedges, fresh mulch, and seasonal color.
De-personalize your home. Tuck the family photos and mementos away and swap them out with neutral artwork or even nothing at all. You may even want to also consider hiring a professional stager. (Want a recommendation? DM me!)
Zhuzh up the kitchens. It's true that kitchens sell houses. Plus, you’ll get around 85% of your money back when you sell. The easiest updates? Painting and new cabinet hardware—just choose neutral colors that will appeal to a wide range of buyers.
Maximize natural light. Think clean windows, airy lampshades, and high-wattage light bulbs. You can even remove drapes and blinds altogether if privacy isn’t a concern.
Choose an agent wisely. An agent who knows your neighborhood and what buyers are looking for is ...