Amy Yu Yang - Gainesville Realtor

05/04/2022

Ever wondered what the difference is between being pre-qualified for a mortgage and being pre-approved? Here’s a quick breakdown!

🔸 Pre-qualification ⬇

🏠 First step in the mortgage process.
🏠 You’ll supply an overview of your financial history to the lender, including income, assets, debts, and credit score, but this doesn’t always require documentation, it can be self-reported.
🏠 The lender will then review this information to give you an estimate of what you would qualify for.

🔸 Pre-approval ⬇

🏠 Comes after pre-qualification.
🏠 You will need to fill out a mortgage application with documentation of your financial history, and the lender will verify the information you provide.
🏠 The lender will also run a credit check and if you’re pre-approved, you’ll get a pre-approval letter, which is an offer to lend you a specific amount for 90 days.

Still have questions as far as pre-approval vs pre-qualification? Send me a DM and let’s chat about it!

04/29/2022

Did your inspection reveal issues? You could negotiate repairs (and there are some other options, too).

If there are underlying issues with your new home, here are a few tips for negotiating repairs after a home inspection or for backing out of the deal.

04/27/2022

Can you search homes before getting pre-approved? Of course, no one is stopping you. But, SHOULD you? Not if you’re serious about buying.

Here are a few reasons why you should get pre-approved before you start looking at homes:

✔ You’ll be seen as a more serious buyer when you have the backing of a lender. Pre-approval means a lender has looked at your financial background and determined how much home you can afford.
✔ Getting pre-approved can also save you valuable time by identifying how much you can afford, so you can target your home search to your price level.
✔ With a pre-approval letter ready to go, you’re more likely to have more negotiating power because sellers and agents know that you have already talked to a lender and you mean business.
✔ Getting your ducks in a row early will leave little room for unexpected surprises, like a low credit score or a less than desirable debt-to-income ratio, when you find the perfect home.
✔ A pre-approval can help to speed up the closing process, since much of your financial information is already collected and in the lender’s system.

Ready to buy, but not sure how to get started with the pre-approval process? Reach out and let’s chat!
352-562-3288

04/26/2022

Whether you're a buyer or a seller, you should know these four things about inspections.

They really could make or break a real estate transaction.

04/23/2022

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04/22/2022

Curious about the state of the market? Contact me today to stay informed.

04/21/2022

If you're planning to paint any part of your home, be sure you don't make this common mistake.

We are definitely guilty of making this particular mistake

04/21/2022

The Amazing Give has started!
Please make your donation using the link below so we can match your donation, up to $100. But remember, because it is Fair Housing Month, we will DOUBLE MATCH your donation to a fair housing organization. So if you donate $100, it turns into $300!
A list of those are below.
theamazinggive.org/business_fundraisers/1578/bosshardt-cares

Alachua Habitat for Humanity
Rebuilding Together North Central Florida
St. Francis House
Catholic Charities Gainesville
The Arc of Alachua County
Southern Scholarship Foundation
Family Promise of Gainesville, FL
https://www.facebook.com/GRACEMarketplace

04/18/2022

Before you buy a home in a neighborhood with a homeowners association, you should be aware of the bylaws, expected dues and more.

HOA dues help you share expenses with your neighbors, and also impact your budget. Learn what they do and don't cover, and how it will impact your finances.

04/17/2022

This beautiful 5 bedroom 3 bathroom home in Breckenridge features a open floor plan, a gas fireplace in the living room, an eat-in area in the kitchen and a separate dining area. Enjoy time with family and friends on the large, covered and screened in back patio. Breckenridge is a gated community just off NW 39th Avenue. Located close to shopping, restaurants, UF and all that Gainesville has to offer. New roof in 2021!
Interested? Call/text/DM me today to schedule your showing!

04/15/2022

You're likely aware that there may be barriers to buying a home, but that doesn't mean it's impossible.

Looking at the most common barriers to buying a home last year may give prospective buyers the edge they need to close a deal in 2022.

04/12/2022

House hunting can be exhausting, especially when there's low inventory and high demand. But all is not lost: These five tips may help you find what you're looking for.

Having trouble on your home search? Read this.