by Bloomington Board of REALTORS® | Feb 27, 2018 | Buyers, Money Matters, Money Matters for Buyers, Mortgage & Finance
Every lender requires documents as part of the process of approving a mortgage loan. Here are documents you’re generally required to provide. W-2 Tax returns — or business tax returns if you’re self-employed — for the last two or three years for every...
by Bloomington Board of REALTORS® | Feb 27, 2018 | Money Matters, Money Matters for Sellers, Sellers
Offers can be exciting, but unless your potential buyer has the resources to qualify for a mortgage, you may not really have a sale. Your real estate professional will try to determine a buyer’s financial status before you sign the contract. But it’s good for you to...
by Bloomington Board of REALTORS® | Feb 27, 2018 | Buyers, Money Matters, Money Matters for Buyers, Money Matters for Sellers, Realtors® & Affiliates
Once you are under contract, the buyer’s lender will send out an appraiser to make sure the purchase price is in line with the property’s value. Appraisals help guide mortgage terms. The appraised value of a home is an important factor in the loan underwriting...
by Bloomington Board of REALTORS® | Feb 27, 2018 | DIY, Sellers, Staging Your Home
These tips will help you convince buyers your property offers top value for their dollar. Amp up curb appeal. Look at your home objectively from the street. Check the condition of the landscaping, paint, roof, shutters, front door, knocker, windows, and house number....
by Bloomington Board of REALTORS® | Feb 27, 2018 | Buyers, Home Buying Process, Homeowners
Tax benefits The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, and some of the costs involved in buying a home. Appreciation Historically, real estate has had a long-term, stable growth in value. In fact, median...
