Sumathi Narayanan Realty's Blog
If you recently sold your house, you will need to move quickly to pack up your belongings and relocate to a new address. In addition, you probably will want to clean your house as much as possible prior to a homebuyer's final walk-through.
Fortunately, there are many quick, easy ways to clean a home before you move, including:
1. Straighten Up Your Home While You Pack
Home cleaning can be a long, arduous process, particularly for those who wait until the last minute to perform various home cleaning tasks. If you clean up after yourself while you prepare for your upcoming move, you can avoid the stress of completing extensive home cleaning right before moving day.
Wiping down home countertops, walls and ceilings usually is a great idea. By doing so, you can keep these spots clean while you plan for your move.
Also, don't forget to empty the attic and basement and remove dirt, dust and debris from these areas. This will ensure you can clean these areas once and for all before moving day arrives.
2. Remove All Clutter from Your Home
There is no reason to let clutter slow you down as you prepare for an upcoming move. Instead, clear out clutter immediately, and you can clean your home and reduce the number of items that you'll need to move to your new address.
Today, there are several ways to get rid of clutter. In many instances, you can sell excess items as part of a yard sale or online. Or, you can always donate these items to local charities or give them to friends or family members.
Regardless of what you decide to do with clutter, it is essential to remove clutter from your house as soon as you can. That way, you can cut down on clutter and increase the likelihood of a quick, seamless moving day experience.
3. Hire a Cleaning Company
Cleaning a home from top to bottom can be a lot of work. Plus, if you're already allocating significant amounts of time to packing for an upcoming move, you may lack the necessary time and energy to improve your house's interior and exterior.
Many home cleaning companies are available in cities and towns nationwide. These businesses employ friendly, highly trained professionals who are happy to help you clean your residence prior to moving day.
If you plan to hire a home cleaning company, don't wait to contact this business. Because the longer you wait to book a home cleaning company, the more likely it becomes that this business won't be able to accommodate your cleaning needs before you move.
Lastly, if you need help finding a cleaning company in your area, you can always consult with a real estate agent. This housing market professional can help you sell a home, as well as connect you with first-rate cleaning companies in any area, at any time.
Use the aforementioned tips, and you should have no trouble cleaning your house in the days leading up to your move.
Moving across town should be a little less stressful than moving from one state to another, but it does require some thinking ahead and careful planning. If you’re tackling a cross-town move, the better you plan, the easier the move will go. Here are some tips to make your move as easy as possible.
1. Purge Before Moving Day
Sure, you may not be paying professional movers for their help, but why pay to move items you really don’t need in your new home? Before moving day, take time to declutter your home and get rid of those items you just don’t need or use anymore. This will make moving day easier on everyone.
2. Decide Who Will Help
Moving cross-town can mean eliminating the moving company, but it doesn’t have to. Sometimes you can find enough friends and family who are willing to help you haul boxes and furniture to your new place, but you may find that professional movers can do the job more quickly and safely.
If you opt to have friends or family help, line up extra help in case someone has a conflict when moving day arrives. If you opt for local moving services, be prepared to pay by the hour for the help. Decide who is going to help with your move, and start setting up your help early so you can be certain it’s ready on moving day.
3. Overlap Time Frames
If you can, try to schedule the closing on your new house a few weeks before you have to move out of your current house or apartment. This will give you the freedom to tackle some of your moving tasks before your big move day. It will also give you the chance to paint, renovate, or clean before you move in.
4. Move in Stages
If you are able to close on your new place before your move-out date at your existing place, then you can begin moving items over slowly in the few weeks leading up to your big move. By doing so, you can limit the amount of work on moving day to just your large pieces of furniture and your most important household items.
5. Use the Containers You Have
When you aren’t moving across the country, you don’t have to pack everything into a moving box. Use your laundry baskets and other containers you already have to transport some items to your new home. Unload these containers, and return for another load. This can help cut down on the cost of your moving supplies.
There is a measure of freedom that comes from moving across town instead of across the country. Use these tips to make your cross-town move as affordable and as minimally stressful as possible.
If you’ve been considering taking the next step toward homeownership, you’ve likely heard about FHA loans. Offered by the Federal Housing Administration (hence, “FHA”), these loans are great for a number of people hoping to purchase a home but who don’t have a large down payment saved.
There are many misconceptions about FHA loans since they’re often advertised by large, private mortgage lenders but are technically a government program. In order to clear up some of the confusion, we’ve provided answers to some frequently asked questions regarding FHA loans.
Read on to learn about FHA loans and how they might help you purchase a home.
Who issues an FHA loan?
FHA loans aren’t issued by the government. Rather, they’re issued by private lenders but insured, or “guaranteed,” by the government.
Since lenders want to make sure they’ll see a positive return from lending to you, they typically want you to have a high credit score and a large down payment (typically 20%). However, not everyone is able to meet those requirements. In this situation, the FHA is able to help you acquire a loan by giving your lender a guarantee.
Are there different types of FHA loans?
Yes. In fact, there are nine distinct types of loans guaranteed by the FHA. These include fixed rate mortgages, adjustable rate mortgages, refinance loans, reverse mortgages, VA loans, and more.
What do you need to qualify for an FHA loan?
It’s a common misconception that you need to be a first-time buyer to qualify for an FHA loan. However, if you have previously owned a home that was foreclosed on or if you’ve filed for bankruptcy, the foreclosure and bankruptcy have to be at least three years old.
You’ll also need to demonstrate a stable employment history, usually including two years of employment with the same employer.
Finally, the FHA will ask you for your current and previous addresses, the last two years tax returns, and the W-2 forms from any of your recent jobs.
What is the most I can borrow with an FHA loan?
The FHA sets mortgage limits on loans depending on the state and county you’ll be living in. For a single-family home, the limit ranges from $275,000 to $451,000. So be sure to check the limits for your state and county.
Can you refinance an FHA loan?
Refinancing a loan is a great way to receive a lower interest rate or to shorten the term of their mortgage to save in the total number of interest payments. In fact, the FHA typically only allows refinancing when it will result in lower interest payments on a loan.
What is the minimum credit score needed to qualify for an FHA loan?
While you don’t need excellent credit to qualify for a loan, the FHA will require you to have a score of at least a 580. You can check your score for free online from a number of companies, such as Mint or Credit Karma. Be aware, however, that scores vary between credit bureaus. So, it’s a good idea to check your FICO score once per year, which is the score used by mortgage lenders.
Architecturally speaking, many home buyers have very definite ideas about their preferred house style.
Whether it stems from a sense of practicality or positive childhood memories, few house hunters are "on the fence" when it comes to the number of stories their ideal house should have.
Perhaps you're one of those people who grew up in a two-story house and wouldn't feel right sleeping down the hall from the kitchen and family room. Some people just prefer their sleeping quarters to be on the second floor!
Although it's a matter of personal preference, there are certain practical aspects to buying a ranch-style or traditional rambler house.
Less stair climbing: While this is an advantage that seniors typically value the most, stairs can be a burden anyone -- especially when you're lugging suitcases, boxes of books, or that heavy new futon you wanted to put in the guest room.
You can probably also recall countless evenings when exhaustion set it, and the last thing you felt like doing was climbing a long, winding staircase to get to your bedroom. (Okay, well maybe it's not "winding," but you get the idea!)
Then, of course, there are those times when you haven't been to the gym in a few months -- make that years -- and your home treadmill has turned into more of a clothes rack than an exercise machine! Although going up and down stairs a few times a day can help counteract the effects of a sedentary lifestyle, sometimes stairs can feel like they're more trouble than they're worth! That would definitely be the case if you have any physical conditions or health problems which make climbing stairs painful or medically unsafe. (Your physician can provide helpful advice on the latter.)
Home maintenance: If you hate getting up on tall ladders to paint your house or clean your rain gutters, owning a one-story home is a solution. Since home maintenance and repairs can often end up costing a bundle, it may make sense to consider doing your own exterior house painting. Although it's time consuming, messy, and sometimes a bit strenuous, painting your own house can potentially save you thousands of dollars in labor costs. Naturally, you'll still need to buy your own paint, brushes, rollers, and other supplies, but the amount of money you can save on labor is substantial.
Personal safety: If there's a fire or other emergency and you need to quickly evacuate your home in the middle of the night, a first-floor window can be safer and less scary than having to exit your house though a second-story window. While this type of dire situation is unlikely and will hopefully never happen to you, it's one of many factors to consider when comparing and contrasting ranch-style homes with other architectural styles.
If you do opt for a two-story (or three-story) architectural style, such as a colonial, craftsman, Tudor, Victorian, or farm house, it's especially important to have a fire escape ladder on hand, as well as a working knowledge of its proper use.
Missing a mortgage payment is not the end of the world. Many lenders are more than ready to work out a payment plan if you’re going through a rough patch or budgetary crisis. However, you may end up doing more harm than good to your credit and home ownership if you don’t contact your mortgage lender as soon as the financial need arises.
Below are things to remember about a late mortgage payment.
1. Mortgages Come with a Grace Period
Even if you pay one day or five days after the due date, it still might not be considered late since many lenders offer a grace period of about five to fifteen days. If you want to know about your specific grace period, contact your lender for grace period information.
2. A Late Fee Will Appear
If your payment is delayed, then it will most likely incur a late-payment fee. You can expect to pay the late fee in your next mortgage payment. Work with your lender to see if you can avoid a late fee by setting up an automatic payment method or if there are other clauses in your contract to have the fee waived in extreme circumstances.
3. Damage to Credit Score
A damaged credit score is one of the adverse effects of a late mortgage payment. Your payment history is of uttermost importance as it can affect your ability to secure financing of any sort in the future. Your lender usually reports your payment history, and if you are thirty days behind, your credit score may feature “late 30” next to the loan. This mark could drastically hurt your overall FICO® score.
4. Suffer Drastic Measures
When you suffer delinquent payment beyond 90 days, your lender automatically considers you in default on your loan. If left without a written waiver or payment arrangement, they may start to take foreclosure actions against you, which could lead to more public actions and eviction from the home. There are other things that can be done to retain your home, however. Bankruptcy affords the ultimate protection until your debts can be assessed and discharged by the government but should be a last option since it can remain on your credit report for ten years.
5. The Account Goes to Collection
Your account can go into collection if you are behind your mortgage payment. In that case, you will receive a phone call or a letter from your lender about the late fee and that your account is being sent to a collection agency.
Every borrower’s situation is different, depending on credit score and payment history. If possible, avoid falling short of your mortgage payment. The earlier you make the due payment, the better it is for you, but if you’re unable to, set up an arrangement with your lender.
Still have more questions about mortgages and how to successfully nail down the right price for you? Contact me, and I’ll point you in the right direction.