Tuesday, April 28, 2009

An Offer Made On YOUR Home

In reviewing the offer, you have three options: accept, reject, or make a counteroffer. A counteroffer is a rejection of a buyer’s offer with a simultaneous offer from you to the buyer. In making your decision, carefully review the figures compiled earlier to determine your net proceeds. Because the terms and estimated closing costs may be quite different from earlier calculations, you will want to discuss the possibilities me, your realtor. You are also encouraged to seek the advice of an attorney and a tax adviser.

Seller’s Disclosure
In most residential sales, a seller will deliver a Seller’s Disclosure Notice to a buyer on or before the effective date of a contract to purchase the property. The notice is required by law to be delivered. It provides important information about the seller’s knowledge of the condition of the property. Complete the notice to your best knowledge and belief. As your realtor, I will most likely ask that you complete the notice at the time the listing is first taken. Copies of the completed notice will be made available to the prospects looking at your property.

Once you and the buyer agree on terms and sign the contract, the buyer will generally have to find a lender and apply for a loan. As your realtor, I may monitor the loan process, which could last several weeks. During this time, I will also be busy coordinating other arrangements to prepare for the final sale. I take care of my clients from beginning to the end! Should you have any questions, I would be available and willing to answer them to the best of my ability.

Tuesday, April 21, 2009

APRIL 26, 2009 from 2-4 p.m.

OPEN HOUSE on April 26th from 2-4 pm located at 10004 Glensprings Place, Union Kentucky in the Cool Springs subdivision across from Ryle High School! This home is truly amazing and sits on a fantastic lot! Front and rear staircase, 2-story greatroom, planning desk, bonus room, 4 bedrooms, open foyer and an amazing kitchen that the chef will adore! Plan on coming to view this beautiful home! To see more pictures on the property you can view the following link http://agentbob.vflyer.com/home/flyer/home/2370454

Thursday, April 16, 2009

6193 Ridgewood Court, Florence, KY 41042

A fabulous 3 bedroom ranch that you've just gotta see! Step into this lovely home and view the wonderful hardwood in the greatroom that extends to the kitchen and breakfast area! A finished basement with wood burning fireplace is exactly what you need to unwind and relax after a busy day! You will also appreciate the walkout that opens up into a great fenced in backyard!! This home has LOTS OF UPDATES from the updated kitchen with new countertops and cabinets to the new bathrooms with new countertops and ceramic tile. Click link to connect to take a Virtual Tour and then call me, Bob Hahn at (859) 525-2624 to set up an appointment to view this listing! Don't let this slip away!

Tuesday, April 14, 2009

Brand New Listing

Located at 1008 Anvil Court, Florence, KY 41042. This amazing home has 4 nice size bedrooms, dining room with crown molding, beautiful sitting room and MORE!! A fabulous living room with gas fireplace, surround sound and large windows allowing the beautiful natural light to flow into the room. You will appreciate the 2nd floor laundry room with convenient access to all of the bedrooms! The master bedroom is a delightful retreat for the owner with vaulted ceilings and adjoinging master bathroom and walk-in closet!! The master bathroom features a double vanity, garden tub and step-in shower! Home comes complete with a finished lower level theater area and walkout to patio! In a great location with convenient access to the interstate, shopping and restaurants! Don't let this one get away! Call Bob Hahn to view this lovely property or visit him online at http://www.agentbob.com/

Making things happen!!

With the flowers and trees in bloom and the warming of the springtime sun, the real estate market seems to be taking off! Spring brings new life all around us and the real estate market is following suit. I am listing many new homes for sale that may be exactly what you've been looking for. If you would like to view my properties, you can go to http://www.agentbob.com/ once you are there, browse and find the perfect home for you and give me a call! I can show you any property listed on the Multiple Listings Service (MLS) and welcome the opportunity to work with you in meeting your real estate needs.

Once you begin your spring cleaning, you may realize, now is the time to sell! Call me, Bob Hahn to receive a comparitive market analysis or if you have any real estate questions. I would be more than happy to assist you and/or answer those questions! Together, we can make a real estate sale!!

Wednesday, April 1, 2009

In the Market to Buy a Home?

Before you begin looking at homes, you will want to determine what you can afford. That depends on three things:
* Down Payment
* Qualifying For a Loan
* Closing Costs

Down Payment: A conventional loan typically requires a down payment. It is not uncommon for buyers to place a down payment of 10 to 20 percent of the purchase price. For example, on an $80,000 home, a down payment of $8,000 to $16,000 in cash may be warranted.
Government-backed loans require 5 percent or less as a down payment. Loans insured by the Federal Housing Administration (FHA) and the Veterans Administration (VA) are particularly useful to first-time buyers.

The thing to remember is that the higher your down payment, the lower the risk you pose for the lender and therefore the lender may be able to offer you better loan terms. The higher the down payment the lower your interest expense on the mortgage will be.

Qualifying For A Loan: The key is not what you think you can afford but how much a lender calculates you can afford. Be prepared to provide the lender with a two to five year financial history that contains the following:
Gross monthly income as well as employment history, education, and any secondary income such as bonuses, dividends, and child support. The lender may require a letter from your employer, W-2 forms, or, if you are self-employed, recent tax returns.
Current checking account balances, savings accounts, stocks and bonds, certificates of deposit, other property, insurance policies, and pension funds.
Debts on cars and appliances, debts on all credit cards, and history of debt repayment. Your lender may ask for a credit report, so you may want to clear up any known negative terms in advance.
I can help you determine what price range and monthly payment you can afford. The monthly payment typically consists of principal, interest, taxes and insurance – PITI, for short. The monthly payment is calculated based on the loan amount, the interest rate, the term of the loan, the costs of any insurance, and taxes. You can get an idea of what your payment will be by using this mortgage calculator.

Closing Costs
Purchasing a home involves a number of other parties and services. For example, the lender may require a survey and an appraisal to be completed. The title company will hire an attorney to prepare the conveyance document. You may want to have an inspection completed. You can expect fees for such services as appraisal, survey, inspections, hazard insurance, loan origination (lender’s administrative costs), credit report, document preparation, title search and insurance, recording fees, notary, attorney and escrow.
You will pay for some fees and the seller will pay for others. The costs will vary depending on each transaction. Most lenders will provide you with a good faith estimate of such costs. I can also help you estimate what those costs might be.

One item at closing that is often confusing to first-time buyers is points. Points are an additional amount a lender charges up front for the loan. Points are interest collected in advance. One point is 1 percent of the loan amount. Three points on a $70,000 loan amount, for example will be $2,100. By collecting points (interest) in advance, the lender actually increases his rate of return on the loan. For example, if market interest rates are at 8.5% for a 30-year loan with no points a lender might offer you an alternative loan at 8% if you pay some points.
Other Costs
One additional consideration is the other costs associated with owning a home – namely, utilities and maintenance. These costs will depend on the home you choose, but it’s a good idea to budget for them in advance.