I specialize in investment properties and residential homes. Whether you're buying, selling, or investing, I'm here to help you in your journey! Coldwell Banker
Dale Locander
Executive Broker
email me
visit my website
479-531-3600 (Mobile)
479-531-3600 (Mobile)
What is your home really worth? Today you can go online and click a button and get a quick guesstimate of what your home is wor
th. But that guess could be very wrong, especially if you don't have a cookie-cutter home. If you want to get a more accurate assessment of what your home is really worth, that's where I can help. I can show you comparable home sales in our local area, displaying both the original asking price and the final sales price as well as what is currently listed for sale. So if you want to know what your home is really worth, give me a call or send me an email. As always, if you know anyone looking to Buy or Sell a home, please let me know so I can contact them right away. Any and all referrals are greatly appreciated!*
Did you know you have 3 different credit scores? One of the biggest surprises when you apply for a home loan is discovering that you don't have just one credit score - you actually have three. More importantly, your lender will use all three scores when qualifying you for a home loan. Knowing just your FICO score from one company isn't enough, because the three credit bureaus that calculate your credit score don't always have the exact same information. When you get credit approved to buy a home, your lender will pull your scores from Experian, Equifax and Trans Union. It's important to do this as early as possible in the home buying process because if there is an error, you will need time to get it fixed. Often home buyers discover that just one of the bureaus has bad information, and the score from that credit agency can significantly lower your overall credit score. The lower your overall score, the higher your interest rate. That's why it's important to know all three of your credit scores.
3 biggest risks of renting
It's happening everywhere: A notice arrives from the landlord that says the rent is going up, again. Rents have been spiking across the U.S., and economists will tell you that these increases are making owning a home for many renters a better deal, and less risky. That's because rents are outpacing average wage increases and renters take on risks that they don't need to worry about when owning a home, including:
Risk of higher rents: Even with overall inflation levels at historic lows, rents have been increasing rapidly. In 2016, top housing experts are predicting increased rents ranging from 4 to 8 percent and that trend is likely to continue for some time to come. households that are spending at least half of their income on rent is expected to increase by 25% to 14.8 million over the next decade, as inventory remains tight. Risk of displacement: In most places, if the landlord wants to move back into the place they own, they can give you notice. If they are converting it to a condo for sale, that can result in displacement as well. Many states also allow the landlord to displace renters if they are having an immediate family member move in. Be sure to check your local rental laws and ask the landlord about their long term plans for the unit. Risk of lost security deposits: Unfortunately, there are no universal laws that determine the rules for security deposits and many renters have to turn to legal remedies to get some or all of their deposits returned. The bottom line is many renters are better off buying. If you are renting, I would like to show you how you could become a homeowner and stop writing bigger and bigger monthly checks. I'm here to help.
5 closing day tips to avoid last minute headaches
There are a few key details to remember on the day you close on the purchase of your home. These six closing day tips can help save you a few headaches and keep the closing on track:
Keep extra money in your account. Something unexpected can pop up during the closing that will require more money out of pocket. Either bring your checkbook or find out how much you will need and bring a certified check for the additional amount. Take time to review your closing documents. If your name is misspelled, that could cause a delay. Go through them carefully. Bring your personal ID. A driver's license, passport, or other acceptable photo ID will do. If time permits, complete a before-closing inspection. It is always a good idea, if possible, to walk through the property to make certain everything is in order. Utilities. Remember to arrange in advance to have the water and electric meters read on closing day and the service switched to your name to prevent interrupted service. The same applies for properties that have fuel tanks. In other words, be a good scout: Be prepared! What's the difference between market value and appraised value? A certified appraiser who is trained to provide the estimated value of a home determines its appraised value. The appraised value is based on comparable sales, physical inspection of the property by the appraiser to assess the condition of the property and several other factors. Market value is the price the house will bring at a given point in time, once you and the buyer establish an agreed upon amount for your home. Dale Locander
Executive Broker
479-531-3600 (Mobile)
479-273-3838 (Office)
Email Me | Visit My Website
Coldwell Banker Harris McHaney & Faucette Real Estate
3113 N Walton Blvd
Bentonville, Arkansas 72712
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