Millennium Realty



Posted by Millennium Realty on 3/4/2021

If youíre ready to buy a home, you probably have done a lot of research. One thing is sure: You know you need to get pre-approved for a mortgage. Itís perhaps the most critical step in the process of buying a home for a variety of reasons. Thereís down payments and debt-to-income ratios, and other financial issues to worry about. You need to know what type of mortgage you should get. To help you understand what kind of mortgage you need, you should get pre-approved.


Understand The Pre-Approval Process


There are many misconceptions about pre-approvals. First, buyers need to understand that there is a difference between a pre-qualification and a pre-approval. A pre-qualification merely scrapes the surface of your financial state, while a pre-approval goes through everything a mortgage company will need to grant you a loan. You may be pre-qualified for a much higher amount than you can actually afford, for example.


Pre-Approval Defined


A pre-approval is a lenderís written commitment to a borrower. The approval states that the lender is willing to lend a certain amount of money for a home. The lender obtains the following from the buyer:


  • Employment history
  • Credit report
  • Tax returns
  • Bank statements


The time and effort that it takes to get a pre-approval is worth it because everything will be ready for the lender to grant the mortgage once an offer is made on a home. It also gives the buyer an upper hand in finding the home of their dreams. Many sellers require a pre-approval with an offer.


When To Get A Pre Approval


As soon as you know youíre serious about buying a home and are ready to start the house hunt, you should get pre-approved. Pre-approvals do expire after a certain amount of time, but lenders can renew them with proper notice. 


The Importance Of The Pre-Approval


Many buyers feel that they can skip the pre-approval process altogether. It has many benefits. Besides giving you a better look at your finances and how much house you can afford, pre-approvals can:


  • Give you the insight to correct your credit score and help you correct credit problems
  • Help to avoid disappointment when you find a home you love
  • Allow first-time buyers to see all of the costs involved in buying a home


A pre-approval is a handy thing to have, and itís not just because the experts say itís essential. Getting pre-approved for a mortgage can help you to be more on top of your finances going into one of the most significant purchases you'll ever make in your life. 

 




Tags: Buying a home   Mortgage  
Categories: Uncategorized  


Posted by Millennium Realty on 2/25/2021

Photo by Pixabay from Pexels

When you have an indoor pool, you don’t have to wait for the weather to cooperate in order to go swimming. Indoor pools offer a convenient way to swim for exercise or relaxation whenever you want. These pools can also add even more luxury to your home with the right features and design. Whether you’re thinking about installing a lap pool for working out or an elegant pool for unwinding, use these tips to help you decide on an ideal design.

Size and Shape

Your pool should be large enough to fit your needs, whether you’ll be the only one mainly using it or you have family or friends who will be using it as well. When it comes to shape, you can go with a traditional, rectangular design, which works well for a lap pool. If your pool is mostly for relaxation, you can choose from a wide range of shapes, including freeform shapes that are visually striking or an elegant oval or kidney-shaped option. 

Lighting

Owning an indoor pool means you can swim anytime during the year, but you’ll need good lighting sources if you plan to use it at night. Standard room lighting won’t provide the illumination you need for safe swimming. Installing underwater lights, wall sconces or lights along the edges of your pool area are all options for ensuring that you can swim safely when it’s dark out. Keep in mind that lighting also helps create a specific ambiance for your indoor pool. Consider colored lights for visual appeal or softer, white lighting for a more elegant look.

Retractable Roof and Skylights

If you're looking for an option that combines the inside with the outside, consider adding a retractable roof to the area. This type of roof can open and close as needed so that your indoor pool area can have more ventilation and natural light. Skylights are another option to consider when you want to feel like you’re outside while swimming. Skylights allow natural sunlight to seep into your indoor pool area and provide stunning starlight views at night. 

Water Features

The addition of water features can give indoor pools a more relaxing or exciting appearance, depending on your preferences. Add gushers or fountains as an elaborate visual display, or have a waterfall added to create a more natural and soothing swimming environment. Water jets with colored lighting can add a dramatic visual effect to your pool’s appearance.

If you’re exploring your options for a new luxury home, contact us today.




Tags: swimming pool   planning   luxury  
Categories: Uncategorized  


Posted by Millennium Realty on 2/18/2021

Image by Free-Photos from Pixabay

So, you're buying a home remotely. Because you probably don't want to invest hundreds of thousands of dollars in a house that smells like cats or that features weekly invasions by the SWAT team of the building next door, it's important to find a long-distance realtor you can trust. You need someone who excels at the remote-home-buying experience and who will represent you faithfully. Agents like these are out there, but it may take a bit of work to find them. Here's what we recommend.

Choose a Certified Residential Specialist

A certified residential specialist is a real estate agent who has undergone additional training and who has more experience than other agents. Only about 3 percent of all realtors in the United States have attained CRS status. You can find a CRS locally by using the online search function available at the Residential Real Estate Council.

To become a certified residential specialist, an agent must meet strict minimum requirements, including:

  • Completion of between 25 and 150 successful real estate transactions.
  • Completion of between 16 and 80 additional hours of training and education in realty.
  • Adherence to a higher code of ethics than the average realtor. 

While millions of hard-working real estate agents exist, only a small number have gone that extra mile to earn CRS certification. These are the agents you should trust to handle your transaction when you can't be there in person. 

Choose an Expert Communicator

Choose a realtor who's an expert in your desired area and with whom you feel comfortable from the first conversation. The relationship between you and your remote-home-buying partner should feature excellent communication. He or she needs to understand your needs precisely, including your must-haves, your budget, your time frame, and what you're hoping to find in a neighborhood. If you're bringing along three small dogs, your mother-in-law, or two moody teenagers, your long-distance realtor needs to make sure there's sufficient space for everyone included. 

Find a REALTORģ Who Cares

The REALTORģyou choose should be an expert on local schools. He should be able to get back to you with crime rates and economics. Additionally, he should be present at home inspections to ensure your future home doesn't have a termite infestation or a sketchy, outdated septic system. Everything from water pressure to the condition of outdoor fencing matters. These are all things you would investigate when viewing a home in person. If it's important to you, it should be important to the realtor you choose. 

Seventy-eight percent of all home buyers value the quality of a neighborhood over the size of a home, and 57 percent would rather have a shorter work commute than a sprawling yard. It's statistics like these that can make or break your remote-home-buying experience. It's vital to partner with the best agent for the job. 




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Posted by Millennium Realty on 2/11/2021

Image by mohamed Hassan from Pixabay

Too busy to buy that second home in Myrtle Beach? No time to fly down and walk through multiple properties to find the one that's right for your family? No problem. You, too, can enjoy the dream of homeownership when you buy your next property remotely. 

What Is Remote Home Buying? 

When you buy a home remotely, someone else takes care of the specifics. Your main responsibilities are communicating your wants and needs to an on-site real estate agent, paying for the home and being available to sign the finalizing documents digitally. Because of this, buying a home that's located one state or half-a-world away is entirely feasible in today's real estate market.

Who Handles a Remote-Home-Buying Transaction? 

You'll work with a real estate agent when buying a home through remote means. This is similar to any other home-buying venture. In a remote transaction, however, it's vital to have an agent whom you trust completely and with whom you have excellent communication. Your agent should be local to the area where you're buying your new home, and they should be an expert on the neighborhood. You'll communicate via phone, email or internet with your agent and will likely use an e-sign process, followed up by signed hard copies, when it's time to finalize. 

How Do I Pay for a Home I've Bought Remotely? 

Typically, you'll pay for a home you've purchased remotely by wiring the amount needed to close. Most people can't afford to buy a home using cash, but you'll likely need at least a down payment and other costs up front.

How Will I Know the Home Is a Good Deal? 

The real estate agent with whom you're working will view the home, be present at inspections in your stead, and do their part to ensure that the home you're buying is viable. They will be able to advise you on comparable prices in the neighborhood to give you an idea of whether the price you're paying is reasonable. 

Why Would I Want to Buy a Home Remotely?

Most people who buy homes remotely do so because they're too busy or live too far away to buy the home in a traditional way. There's little risk involved as long as you use a licensed real estate agent who's experienced in remote-home sales. 

It's good to remember that once you own a remote property, there's no backing out. It's vital to make sure you're buying a home that's well suited to you and your family. This is where your choice of real estate agent becomes vital in helping you choose the location of your home, the size, layout and community in which it's located. 




Categories: Uncategorized  


Posted by Millennium Realty on 2/4/2021

Photo by Subham Majumder from Pexels

When you are trying to sell your home, you want it to look its best. The more appealing your home is to potential buyers, the faster it will sell and the higher your profits will be. One of the best ways to enhance the appeal of your home is through "staging," which is a marketing tactic that involves optimizing the appearance of your home for potential buyers. To stage your home properly, follow the tips below. 

1. Think like a buyer. 

As the owner of your home, you have preconceived notions about its value, as well as an emotional connection to the property. As you prepare to stage your home, try to look at the property through fresh eyes. Look for any issues that need to be fixed, as well as the features that could be enhanced to increase appeal. 

2. Rearrange furniture for space. 

One of the aspects of any home that draws in potential buyers is spaciousness. If necessary, rearrange your furniture to add a feeling of space to your home. You can also add space by removing non-essential furniture. For example, if you have an extendable dining room table, consider removing the leaf and extra chairs. 

3. Eliminate clutter. 

Another way to add space to your home and improve its overall appeal is to eliminate unnecessary clutter. This may involve removing unneeded appliances from kitchen countertops, storing your children's toys out of sight or even taking down some of your decorative wall hangings. 

4. Appeal to the buyer's imagination. 

When a potential buyer enters your home, you want the individual to be able to picture themselves as the home's new owner. To make it easier for buyers to imagine themselves purchasing your home, remove any identifying decor from the house. Examples include family pictures or wall hangings that include your name. 

5. Consider curb appeal. 

The view of your home from the curb is the first thing all potential buyers will see. Make a good initial impression by enhancing your home's curb appeal. If your landscaping needs work, take the time to spruce it up before you begin showing the home to potential buyers. Keep your lawn trimmed at all times, and don't allow the yard to become cluttered with outdoor toys or other belongings. Ask your real estate agent if he or she has any other specific tips for improving your home's curb appeal. 

Finding a buyer for your home can take time, but proper staging always speeds up the process. Follow the tips above to improve the appeal of your home and ensure a quick, lucrative sale. 




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