Thursday, May 31, 2012


Tips on home staging to sell your home faster.
In a tough and competitive market, sellers need to maintain a competitive edge when selling their homes. In this aspect, home staging is a great way to make your listing look stunning and appealing to every prospective buyer. 


De-clutter:  
Clutter can be one of the biggest distractions to a potential buyer. It can immediately distract the attention of the buyer by shifting his or her interest from the house to your trust and trinkets. You don't really need to toss it away, put it away in a secluded place that your buyers won't notice.      

Group the furniture:

Grouping the furniture will help in drawing the interest of the buyer. This is because a room with oversized and disorganized furniture tends to look smaller than its actual size. On the other hand, small furniture stuffed up in a big room also makes the room disproportionate. Choose the correct furniture to enhance the size and the look of the room.

Set rooms according to their purpose:

Buyers are interested in homes with rooms that serve the intended purpose. Though it may work for you to set the second bedroom as a craft room or a dining room as an office, a potential buyer won't be amused with such set up. It helps to keep the room in their proper form.

Proper lighting:

Try as much as possible to ensure that all the lights and lamps are on in all the rooms and that they are in proper working conditions. Homes with proper lighting look more appealing.

Do all the repairs:

Most buyers are not interested in investing extra money in doing any kind of repairs to a house they have just bought. Therefore helps fixing all the problems to make your listing look like a well maintained one. This will go a long way in drawing the buyer's interest.

Keep it neutral:

A bad coat of paint on the wall is enough for a potential buyer to slip off your hands. Keeping it neutral will make the buyer feel at ease living in the house. Avoid all the crazy colors you can think of. 

Providing fresh flowers:

Though ignored by many, providing fresh flowers can work magic when home staging. Nothing says it is clean and fresh than a bouquet of fresh flowers. They not only provide splashing colors but also provide a pleasing aroma to entice your buyers.  

Set rooms according to their purpose:

Buyers are interested in homes with rooms that serve the intended purpose. Though it may work for you to set the second bedroom as a craft room or a dining room as an office, a potential buyer won't be amused with such set up. It helps to keep the room in their proper form.

A jazzed up bedroom:

A luxurious bedroom is an instant magnet to every potential buyer. Make the Master bedroom appealing not only to the eye, but to other senses as well. Updating bedding and throwing some nice pillows can do the trick.

A well setup dining area:

The dining room may not be used often, but why not stage it for this important occasion? Proper placement of glasses and plates around the dining table is enough to attract the buyer.

Thorough cleaning:

Even if the above are perfected, you may not achieve better results if you fail to clean up the area around the home. The place needs to look shiny. Clean the carpets, the bathroom walls, and remove any visible stain around the house.
Your listing may not be in a perfect condition to attract any serious buyers, but staging can make your home not only stunning, also competitive in the market. It may be the deciding factor between selling and not selling.


It is about creating an impressive image that will appeal to a large range of buyers. With home staging, you are creating an image that buyers cannot resist to the extent that they will be imaging living in the house on sale.


Call me for a Complimentary Email List of Available homes in your favorite city with your preferred options.


I look forward to hearing from you. 


Now lets Find Your Dream Home!


Thank you.


David Akram

Realtor, DRE# 01891274 
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves
Contact: http://contactme.davidnewhome.com 
Web: http://www.DavidNewHome.com
Blog: http://blog.davidnewhome.com 



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Member of National Association of Realtors, California Association of Realtors, Southland Regional Association of Realtors, National Notary Association, Notary Rotary Association.

Friday, February 3, 2012

Top six reasons mortgage applications are rejected

Top six reasons mortgage applications are rejected
Half of refinance applications are abandoned or rejected, as are 30 percent of purchase mortgage applications, according to the Mortgage Bankers Association. All told, the Federal Financial Institutions Examination Council (FFIEC) says that well over 2 million mortgage applications were rejected last year.


Want to avoid falling into that number? It's tough -- especially in light of the fact that mortgage lenders have become increasingly restrictive in terms of their lending guidelines since the housing market crash.

Here, as a cautionary tale and primer on what to expect, are the top six reasons mortgage lenders reject applications.

1. Income issues. Most failed applications falling into this category have income too low for the mortgage amount they are seeking; often, a spouse's credit issues can create this problem, too, as the income the spouse plans to actually chip in toward the mortgage cannot be considered by a lender.

But increasingly, the recent vagaries of the job market are also causing this issue, as people who have changed their line of work or have changed from salaried employee to freelancer over the last couple of years can also have their home loan applications rejected based on income.

2. Muddled money matters. If the mortgage for which you're applying plus your monthly payments on credit card, car and student loan debts will comprise more than 45 percent of your total income, you could have problems qualifying for a home loan. You might also run into problems if you rely too heavily on bonuses, overtime, cash wages or rental income -- all of these can be difficult or impossible to get a mortgage bank to consider, and if they do, they might not take all of it into account.

3. Credit issues. Today, the mortgage-qualifying FICO score cutoff falls somewhere between 620 and 660, depending on which lender and which loan type you seek. More than one-third of Americans, by some numbers, have credit scores too low to qualify for a home loan. Even if your credit score is high enough to qualify, if you have any late mortgage payments, a short sale, a foreclosure or a bankruptcy in the last two years, loan qualifying could be difficult to impossible.

4. Property didn't appraise. Since the whole industry had its hand smacked for allowing home values to skyrocket in a very short time, appraisal guidelines have tightened up -- some would say, even more than overall mortgage guidelines. So, it is increasingly common to have the property appraise for a price lower than the sale price negotiated between the buyer and seller.

This is especially common in the refinance realm, as well over a quarter of U.S. homes are now upside-down, meaning the mortgage balance owed is greater than the value of the home.

5. Condition problems. With all the distressed properties on the market, and with most non-distressed sellers barely breaking even, more home-sale transactions than ever are falling apart due to condition problems with the property. Many lenders will not extend financing on homes where the appraiser points out problems like cracked or broken windows, missing kitchen appliances, electrical problems, or wood rot.

And in the world of condos and other units that belong to a homeowners association, if more than 25 percent of units are rented (rather than owner-occupied) or more than 15 percent are delinquent on their HOA dues, new applications for refinance or purchase mortgages on units in the development are likely to be rejected.

6. Technical difficulties with application. The days when lenders just took your word for it are long, long gone. Applications with incomplete or unverifiable information are doomed.

If any of these mortgage loan application glitches arise in your homebuying or refinancing process, it's critical that you connect with your mortgage professional, be it your banker or mortgage broker, to determine what course of action to take.

In some cases, it might be as simple as buying a stove you find at Craigslist and installing it before escrow closes; but with income issues your mortgage pro will need to help you determine whether it makes sense to pay some bills down, get a co-signer, or even wait six months so your income documentation will qualify.


I look forward to hearing from you.

Now lets Find Your Dream Home!

Thank you.

David Akram
Realtor, DRE# 01891274
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves
Contact: http://contactme.davidnewhome.com  
Web: http://www.DavidNewHome.com
Blog: http://blog.davidnewhome.com

Tara-Nicholle Nelson is an author and the Consumer Ambassador and Educator for real estate listings search site Trulia.com. 


Tips on increasing the curb appeal of your home #1

Tips on increasing the curb appeal of your home #1 Before you scrape any paint or plant more azaleas, wash the dirt, mildew, and general grunge off the outside of your house. Washing a house can add $10,000 to $15,000 to the sale prices of some houses.

A bucket of soapy water and a long-handled, soft-bristled brush can remove the dust and dirt that have splashed onto your wood, vinyl, metal, stucco, brick, and fiber cement siding. Power washers (rental: $75 per day) can reveal the true color of your flagstone walkways.

Wash your windows inside and out, swipe cobwebs from eaves, and hose down downspouts. Don’t forget your garage door, which was once bright white. If you can’t spray off the dirt, scrub it off with a solution of 1/2 cup trisodium phosphate—TSP, available at grocery stores, hardware stores, and home improvement centers—dissolved in 1 gallon of water.

You and a friend can make your house sparkle in a few weekends. A professional cleaning crew will cost hundreds—depending on the size of the house and number of windows—but will finish in a couple of days.


I look forward to hearing from you.

Now lets Find Your Dream Home!

Thank you.

David Akram
Realtor, DRE# 01891274
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves
Contact: http://contactme.davidnewhome.com  
Web: http://www.DavidNewHome.com
Blog: http://blog.davidnewhome.com






Thursday, November 3, 2011

Primary advantage of Homeownership - The Equity.

Primary advantage of Homeownership - The Equity.



When you are renting the rent that you pay every month  - you never see that money again.
Your rent money helps your landlord build equity in the property that you are living in.
What is equity?
It is the Market Value of the property less the balance of all  the liens on the property.
Here is a very simple example: Your purchased a property 5 years ago for $100,000 on a 30yr fixed rate home loan and have made regular monthly payments on it. Lets say after 5 years hypothetically you have paid off 10,000 off the $100,000 loan and your current loan balance is $90,000. But now after 5 years since you purchased the property the current market value of your property is now $120,000. Therefore your equity is $120,000 - $90,000 = $30,000
So if you sell your home today your will make $30,000 of this property less the closing costs and real estate agent commission of course.
A lot of people so agree that buying a home may come with some hefty initial costs (downpayment, closing costs, inspections), but you will make that money back over time in equity built in the home. Historically, homes appreciate by about 4 to 6 percent a year. Some areas are still experiencing normal appreciation rates. For the areas that have seen harder times since the recession, experts feel that the housing market will recover. Homeownership is not about making a quick profit - so don't pay too much attention to those house flipping strategies, rather homeownership is about building long-term wealth. A home bought for $25,000 in 1950 is most likely worth 10 times that in today's real estate market. You do the math!


I look forward to hearing from you.

Now lets Find Your Dream Home!

Thank you.

David Akram
Realtor, DRE# 01891274
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves
Contact: http://contactme.davidnewhome.com  
Web: http://www.DavidNewHome.com
Blog: http://blog.davidnewhome.com






Tuesday, October 4, 2011

Do You Know a Veteran?

If you know of someone who has served for our country, in the past or present, they may be eligible for a VA loan for purchasing of their home!

Some of the benefits of a VA Loans are:

- Low interest rate

- Lower qualifying credit score (620), and more flexible income qualification.

- Requires ZERO Downpayment, and minimum savings in the bank.

- Has No monthly mortgage insurance; The VA funding fee can be financed into the loan!

Let's thank our veterans for their service with benefits they can really use. A VA loan does just that. Contact me to find out how we can make a veteran's home ownership dream a reality.


I look forward to hearing from you.

Now lets Find Your Dream Home!

Thank you.

David Akram
Realtor, DRE# 01891274
Notary Public, Certified Loan Signing Agent.
Cell: 661-505-8550
Century 21 All Moves
Contact: http://contactme.davidnewhome.com  
Web: http://www.DavidNewHome.com
Blog: http://blog.davidnewhome.com


Thursday, August 4, 2011

How to Build a Deck, Part 1: Design a Deck and Build Deck Plans

How to Build a Deck, Part 1: Design a Deck and Build Deck Plans