What NOT To Do During The Mortgage Process

 

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What NOT to do during the mortgage process. Have you have been pre-approved for a mortgage? Home buying is a process. In this video I will share with you tips to help make it through the mortgage process without losing the loan because of poor choices. Simply things that you should NOT do between the pre-approval and funding of your mortgage, These mistakes can cost you your loan.

✔GET YOUR FREE HOME BUYERS/SELLERS GUIDE: http://freeebook1.toplirealtor.com/buyer/sellerguide Suggested Videos: The Banks Says You Have Been Pre-approved For A Large Mortgage Can You Really Afford It? https://youtu.be/0SH1hGCMkZ8 Should I Buy A House During This Coronavirus Pandemic? https://youtu.be/ZUX5KLrr33A Mortgages (COVID-19) Can I Still Get One? (TIME SENSITIVE) https://youtu.be/aAvgbxXDYPI How To Sell My House During The Coronavirus Lockdown🏘 https://youtu.be/e4uuJijdRLc Wen Is The Best Time To Sell? https://youtu.be/KR6NfnDunuU RESIDENTIAL REAL ESTATE 101 NEW CHANNEL INTRO https://youtu.be/gGPa-NRN-SA Please feel free to contact me with questions Mark Schreier Licensed Real Estate Agent Century 21 American Homes, Syosset, New York Email: Realtor@markschreier.com Cell: 516.263.9094 Connect with me. Website: http://bit.ly/2xLPW51 Blog: https://longislandrealestate101bymarkschreier.blogspot.com/2019/ Facebook Page: https://www.facebook.com/TopPlainviewRealtor/ LinkedIn: www.linkedin.com/in/markschreier Twitter: https://twitter.com/MarkSchreier

Mortgage Rates 50 Year Low! Should I Buy?

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Mortgage Rates 50 Year Low! Should I Buy? 

Is this the right time to buy a house? Should I wait for the rates to drop more? What other monthly expenses are there when I buy a house? Buying a house is not just mortgage and interest payments . Learn what other expenses you need to factor into your housing budget before you make that offer.Transcript of video:

yes interest rates are historically low how much buying power do you actually

get that's the topic of my next video mortgage rates at a 50-year low that's

right i'll say it again mortgage rates at a 50-year low what

does it mean for you mr buyer and seller that's the topic of

today's video hello everybody my name is Mark Schreier and i'm a licensed sales

associate with Century 21 American Homes Real Estate

right here on sao said long island if you're new to my channel thanks for

stopping by please don't forget to subscribe and

give me a pair of thumbs up if you enjoy the

content oh and don't forget to leave some comments

about today's video topic as well interest rates

30-year low um excuse me 50-year low hard to believe

that's right 50-year low what does it mean for

you well first let's take a look and put it in some perspective

back in the 1970s and check out this infographic

right here in the 1970s the average mortgage interest rate was eight

point eight six percent on a three hundred thousand dollar house

you were paying almost twenty four hundred dollars a month

23 84 to be exact fast forward all the way down to 2010

mortgage rates four point zero nine percent on a three

hundred thousand dollar loan your average

monthly expense was one thousand four hundred and forty eight dollars

hovering at three percent 2.96 percent the mortgage rates this is from freddie

mac by the way 30 year fixed your mortgage rates 2.96 percent

1 258 that is a significant difference so what does it

mean for you the buyer and seller well for the buyer you get more buying

power for the seller you get people with more buying

power making offers on your house driving the prices

up and you might say it's a wash and in some regards it might be

depending upon how over inflated your prices become

on the property and how much of a deduction

or reduction the buyer gets on their mortgage rates but more money

is in play everybody has more money to play with and that's a wonderful thing

so definitely give me that thumbs up if you're thinking about it right now

because this is a great time to be a seller for

sure and also a great time to be a buyer

because you have more buying power moving forward

now the negative is we are still in the midst of a pandemic

yes the coronavirus pandemic we're right now in

august of 2020 so that has an effect on a lot of people's finance so with that

being said you need to know your numbers if you aren't sure and you're shopping

for a property the last thing you want to do is

make an offer on a house and find out it wasn't accepted

because financially you didn't present it in the best

light so what do i mean by that if you are financially

set to make an offer of whatever dollar amount you did but you didn't prepare

the package right to give to the listing agent or if it's

a for sale by owner to the owner of the

house then you're doing yourself a disservice and i'm going to include a

video link in the comments below on what are

the advantage of a buyer broker in this market you're going to need them

also with that being said this is not a market for people who are thinking about

low balling offers the houses are gone the second

they go on the market so if you're gonna low ball you're

wasting everybody's time if you're serious about buying

this is the market for you you can find a house

is going to take a little more time of course it is i will have a professional

working for you and yeah i'm biased i am a realtor

but i will tell you this is the market you need a professional working in your

corner to get those properties before other

people do it and also to coach you on how to set up

your offer package not just the dollar amount but how to get everything

together so when you present that package it

actually has an impact on the listing agent and the owner of

the property with that being said we're talking about

numbers on in a buyer in a seller's market that we're in right now

like i mentioned earlier you can have bidding wars

so besides numbers it's the terms and that's where presenting the package

in a very good fashion with all the documents needed

and disclosures will help your presentation

also understand besides just buying the property being pre-proved

pre-approved for a number you also have other expenses you need to

take into consideration that you missed a buyer are required to

pay every month besides your principal and your interest

you have taxes on long island our taxes are not cheap

know what the taxes are on the market that you're shopping

in and make sure you add that to your specific property

monthly bill i wouldn't say just look at the listing and i see what the taxes are

no double and triple check that with the public records or the

tax clerk for your specific town that you're buying in

call your county call the town hall or speak to a realtor and find out where

you can get those numbers insurance property insurance homeowners

insurance in order to get a mortgage you need to have homeowners insurance

know the number know the type of insurance you want know much

know what you need and speak to a insurance professional to find out all

the different types of insurances that are also available for you

if you live in a flood zone and i'm also going to include a link about

buying a house in a flood zone how do i know if i live in a flood zone

there's no way this house can be in a flood zone because there's no water

around here wrong that's not the way there are

believe it or not canals and things that are affecting

your property if there's ever a flood you need to do the research and find out

for sure if your house is in a flood zone and if

so what you can do or how much is your

flood insurance going to be so the acronym is pity and

in this case it's going to be two types of insurance for principal

interest taxes insurance and if need be flood insurance and that

is not counting all the other um things that you can't you know

predict like you might have a leaky roof in a

couple of years that you need to fix you might have other things your air

conditioner breaks you didn't expect that

all these incidentals now i'm not trying to say home ownership

is not a good thing it's a great thing to own your own property to own your own

land but there's definitely upkeep and i

would be misguiding you if i told you it's just

basically your mortgage payment and you're good

that's not the case and don't let anybody fool you and tell you otherwise

if you have been pre-approved and you're ready to make a move and you have spoken

to your financial professionals and you know your dollar

amount jump into the market it's a great time

to buy and it's definitely a great time to sell

i hope this video is helpful don't forget thumbs up

if you enjoyed the content hit the button on the bottom to

subscribe and the little bell for notifications for upcoming videos

my name is Mark Schreier i'm a Licensed Sales Associate with Century 21 American

homes and thanks for watching

you

7 LOW COST DO IT YOURSELF TIPS TO PREPARE YOUR HOUSE FOR SALE

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Transcript of video:

    7 low course do-it-yourself tips to prepare your house for sale

that's the topic of my next video

low-cost tips to get your house ready for sale that's the topic of today's

video hello everybody my name is Mark Schreier

and i'm a licensed real estate agent right here on long island

if you're looking to get your house ready for sale but you don't want to

spend too much money and at the same time increase the marketability

and bottom line sales price then this video is for you

i'm gonna share with you tips that will get the job done

and not take too much of a hit to your pocket that's right

seven tips seven tips that you can do doesn't take too much effort doesn't

take a lot of um handyman skills as well so let's get

started oh and by the way if you're new to my channel

don't forget to subscribe and hit the bell for notifications

and let's start with tip number one first thing you need to do they always

say curb appeal is the biggest thing when it

comes to selling a house you only get one chance to impress that

buyer that comes to the door or these days to impress the buyer

online before they even come to the door is

much more important in the day of virtual open houses so

curb appeal what can you do that doesn't cost too much money

but gets that job done well the first thing is clean up your yard

if you have a lot of weeds and weeds growing out of the um

you know in between the cement slabs clean them out

if you have some shrubs or if you don't have shrubs

get some low-carb shrubs from some of the

local home gardening centers and put a little landscaping even if you

put them in pots and put them around the property you

want to basically make the house look as nice as possible

so curb appeal gardening is a big thing if your lawn

hasn't been cut cut it if you uh your the bushes that you have around your

property or growing wild maybe hire a landscaper to do a spring

or cleanup just to get the house ready to show well

because like they said you only get one chance for that first impression

number two and this is so very important and so many people don't even

think of it clear the clutter well what do i mean by

that everybody knows what clutter is all that stuff that you have all over

your desk all over the kitchen all over the bathroom that's just been

laying there and when you get around to it you're gonna go throw it out and

clean it up all that stuff needs to be removed

because remember you are selling your house to a

potential buyer if they come into your property and it

looks cluttered you're going to turn them off right away

and you don't want to do that so clear the clutter very important tip

number two tip number three home repairs you know

that broken door handle that you've been

waiting for months and months and when you get around to it

if it's on the honey-do list or you're gonna call the home repair

a handy person and you just haven't gotten around to do it

do it those little home repairs can really

turn somebody off a lot of people have difficulty

looking beyond the broken doorknob and they see a broken doorknob

and automatically this house is not for them because they can't see past it

that was tip number three tip number four

very important again you're selling a house that you've lived in

you want people to think picture themselves living in the house and

making that house theirs so clean clean clean everything in that

house needs to be as clean as possible the last thing somebody

wants to do is walk into a dirty house particularly

now with this pandemic that's going on if they see dirt they're going to get

turned off from the house so make sure you clean it if you're not

good with that hire a professional cleaning service and

have them go through every single room including the basement

and the garage and the backyard also and make the house

as clean as possible if you have siding on the property power

wash if it looks dirty you'll be surprised

how a good power washing on a deck on

even the bricks or pavers can really give a very positive first impression

and all-around impression of your property

so clean the inside clean the outside clean the windows that's tip number four

tip number five the house could be spotless the curb

appeal can be great but if all of a sudden you walk in that

house and oh my god i just made this great shrimp scampi the night before

and the house smells like shrimp scampi well when the buyer comes in

they might not like shrimp scampi so you have to make sure it has a

neutral or no order whatsoever a good trip there a good trick they

always say real estate is to um bake some chocolate chip cookies

everybody loves homemade chocolate chip cookies

and i don't mean like the candle i mean bake the cookies have them out on the

counter and that particular that that good smell

in the house is actually a positive and it can offset

the bad odors but definitely open the windows try to get

those odors out turn up some air purification you know if you have an air

filter or something like that that purifies the air

then bake those cookies if you don't have the cookies

light a candle uh but get those ugly odors out of the property it is

definitely a turn off to a lot of people unless they like shrimp scampi but i

don't know about 9 10 11 a.m in the morning that could be a

turn off de-personalize yes those pictures on the

walls of all the family events not a positive remember you have to

think as a potential buyer you go into a property and you see

their family on the walls they're thinking that this is your house and

even though they know it's your house they're trying to see the house is

theirs and if they can't get past that because you have all your

family stamps pictures all over the walls that's not a

positive okay to have one or two pictures

but to have a whole gamut of pictures all over the place not a good thing so

de-personalize your house and get all those pictures off the walls and

with that being said a lot of times if you get all those

pictures off the walls you start noticing that the paint has

faded around the pictures and when you take

the pictures off oh that's what my paint color look like

so paint where needed and that might mean go through a whole room if you had

a lot of pictures in the living room and you take those pictures off and it

looks like spots everywhere that's not a positive

get a neutral color paint if you're handy enough to paint yourself

paint that living room or family room a neutral color

if you have uh areas where you've you know taken pictures off

and you need to do a little spackle do that there's tons of youtube videos on

how to do that properly if you're not that good hire a local

handy person to come in and take care of all those minor

painting needs now do you have to paint the whole interior of the house

i'd say no but if you want to that's a plus particularly if it's a lot

of really strong colors that turn people off you want to make

neutral colors like beiges and whites off and again remember some people can't

see past the minor things in the house and you

don't want to reduce your buyer pull so make sure that you touch it where

needed hire a professional painter a handyman if you

want to go the extra mile and get those things taken care of so

number seven the last one like i mentioned is

painting the house so let's re let's go through the seven real quick

you want to get your house ready for sale you want to do it yourself or low

cost what can you do number one curb appeal

number two clear the clutter three make the minor repairs

four clean clean claim five pleasant house smells you wanna get rid

of those bad odors in the house six is depersonalized all the pictures

we've mentioned seven is paint where needed now i hope

these help i hope they were helpful uh if

you're new to the channel again my name is mark schreier if you enjoyed the

video please give me a thumbs up i am a realtor with century 21 american

homes and for those people who would like this

video in an actual ebook please leave a comment

or better yet instant message me your contact information your email your

phone number and i will send you out this free ebook

no course that's the word free if you're more comfortable clicking the link on

the bottom click the link it will take you to

another page just fill out the information and you will get a free

ebook with the seven do-it-yourself tips to

get your house ready for sale i hope this video was helpful this is

Mark Schreier from Century 21 American Homes

and i will see you on the next video thanks for watching