HUNT Mortgage 2nd Look Program For Homebuyers

If you are looking to purchase a home, your first stop should be to speak with a lender. Getting your finances in order BEFORE you begin shopping is imperative for a few reason.

  1. You will be able to get advice on what your credit report looks like and how you can make it better, possibly opening up access to different loan types or better rates.
  2. It will help you to set a shopping budget for your home purchase.
  3. Sellers and agents are expecting any buyers who request showings have already been pre-qualified with a lender.

There are many loan types out there and lots of lenders to choose from. Product type and rates may differ from lender to lender. Buyers should speak with a few mortgage consultants to compare products and services, kind of like when you consider purchasing a car from a dealership and they each have their own financing products to help with your purchase.

I always suggest my clients speak with Bob Tuttle and Pat O’Connor at HUNT Mortgage; not because there is some incentive for me to do so, but because I have worked with them on several occasions and they have gone above and beyond to ensure my clients’ purchases went smoothly. I have also seen them secure mortgage commitments and clear to close status in record time. They do a great job and are excellent resources for buyers, especially first-time homebuyers who have never gone through this process before.

One of the benefits of HUNT Mortgage is their 2nd Look Program. If you have been pre-qualified with a lender and would like to compare that financing with what HUNT Mortgage can provide, you should speak with Bob or Pat. They will review rate terms to see if they can do better. Fun story: Over the summer I was working with a client who ran into a snag with his financing through another lender. I directed him to speak with Pat and after doing so my client ended up with a better rate and a better loan type. He also got his mortgage commitment in 10 days!!!

Also, by having one of the HUNT Mortgage experienced consultants review your financing you will receive a $50 Gift Card! The best part – if HUNT Mortgage can’t beat the rate from the other lender you still get to keep the gift card!

So what do you have to lose? Have Bob Tuttle or Pat O’Connor at HUNT Mortgage take a look at your financing. It means $50 more in your pocket today and possibly huge savings down the road!

Bob Tuttle –
Direct: (518) 416-4431
Email: robert.tuttle@huntmortgage.com

Pat O’Connor –
Direct: (518) 312-0181
Email: patrick.oconnor@huntmortgage.com

MortgageRate_Offer_flyer_2017_OConnor

NOTE: HUNT Mortgage is an affiliate company of HUNT Real Estate ERA. You are not required or obligated to utilize HUNT Mortgage services in order to work with a HUNT Real Estate ERA Licensed Salesperson. You may opt to use any financing or lender for your home purchase. This blog is intended only to inform you of the services provided by HUNT Mortgage. Bob Tuttle and Pat O’Connor are both New York State licensed mortgage consultants servicing the Capital Region.

Erin Miller is a Licensed Real Estate Salesperson with HUNT Real Estate ERA in Clifton Park, NY. Whether you are listing your home, buying a home or both, Erin would love to speak with you about the services that she and HUNT Real Estate ERA provide to support you with your real estate adventure. Visit her website and find her on Zillow.

 

 

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Being a Buyer in a Seller’s Market

 Erin - Sellers Market Blog - In Post Image

Looking for a house is an exciting time, it can also be a stressful time. If you are shopping for a home in a seller’s market, listings can be scarce and competition can be fierce. It doesn’t matter if you are a first-time homebuyer or shopping for your 4th home, shopping in a seller’s market can be a frustrating and disappointing experience. The good news is, there are things that you can do as a buyer that will prepare to be the strongest buyer you can be.

Having a strong, competitive offer is only one part of being a successful buyer in a competitive market. Below are some tips that will help you conquer the unforgiving landscape of a seller’s market.

  1. Save, save, save – Cash is your greatest asset when buying a home. Even if you choose to use financing that requires nothing down or a low-down payment amount, your savings will come in handy in off-setting concessions for closing costs. Your offer can be made stronger if you can cover your own closing costs. It also makes the offer more attractive as a concession can raise a purchase price and that can mean trouble when it comes time for the mortgage appraisal. Cash is king! The more you save the more you will be able to play in a competitive real estate market.
  2. Get financing in order before shopping – Speaking with a loan officer can help sort out finances and identify the right financing for you. It’s also expected that you are pre-qualified before beginning your home search and going on showings (open houses are the exception to this, they are open to everyone). Having a pre-qualification means your finances have been reviewed and you are ready to roll as soon as you find a home. It also helps set your budget; it stinks when you find the perfect house, only to find out that you can’t get a mortgage to purchase that home. Knowing your financial limits will help you narrow down your options in the market.

SIDE NOTE: There are many fantastic mortgage companies in the Capital Region with great products. I have worked with many of them and I have yet to come across one that I have had a bad experience with. However, I would be remiss if I didn’t take a moment to give a shout-out to 2 awesome loan officers at HUNT Mortgage – not just because it is a HUNT affiliate company* or because they are my office colleagues, but they both rock at their jobs. Bob Tuttle & Pat O’Connor are great guys who have helped several of my clients purchase their homes. They bring an enormous amount of experience to the table which has only benefitted my clients, and myself. They take time to educate buyers and are wonderful communicators, making the process smooth and keeping everyone in the loop. Additionally, HUNT Mortgage is now providing a Pre-Purchase Commitment that commits to loan approval for a buyer with the only condition being a home passes the bank appraisal. That means a buyer can offer on a home and show their financing is ready to commit as soon as an appraisal is approved. A pre-purchase commitment, along with an attractive monetary offer, shows a seller that you are a serious buyer and want to own their home. It can make your offer stand out in a multiple offer situation as well.

Moving on…

  1. Be realistic on what your budget will buy you – If you find yourself in a seller’s it may limit your buying power for something that meets your needs. Even in a buyer’s market you may have to reduce wants ex) you get 2,000 square feet, 4 beds and 2 baths, but you will have to put in some elbow grease to make that diamond shine. If you are looking for a steal in a seller’s market chances are your low-ball deal might fall flat. Consider reviewing your wishlist and defining what your needs versus your wants are. You might also want to investigate some other areas or neighborhoods that can provide you with the same conveniences or atmosphere you are looking for at a more wallet-friendly price. At least you are widening your inventory pool giving you more options to consider.
  2. Be ready to write an offer – A market with lots of buyers and few listings can be a nightmare if you are one of those buyers. New listings may not last long before going pending. Heck! I had one receive multiple offers in less than 24 hours back in October (2017)! The market is not going to wait for you to make up your mind and there is a lot of truth to the realtor.com®  “Not You” commercials – the you may nail down the house, but look at all those not yous that lost out. Don’t be a not you.
  3. Brace for disappointment – It sucks to lose out on a house. As an agent, I hate it when my clients get beat, I truly feel the blow. It’s easy to get discouraged, but it happens and it can happen more than once. This includes buyers with above average budgets too. Remember to breathe when things get overwhelming. When you can’t even get past the finding a home phase it can be frustrating. Be prepared to face a loss when buying in a seller’s market, hopefully, your offer is accepted without a hitch, but you will be ready for the news if it doesn’t.
  4. Learn from your mistakes –So, your first offer situation didn’t go according to plan – what now? Talk with your agent; ask questions about what went wrong and what you should do next time. They are there to help guide you, good communication with your agent will only lead to success. Every offer is different because every home and buyer are different. Learn from each failed offer to better your next one.

No matter who the market favors, buying a home is an adventure. If you find yourself shopping in a market that favors sellers, be the strongest buyer you can, be prepared to fail, and learn from your mistakes. Surround yourself with a team that can guide you on your journey – your agent, your loan officer, and your attorney should all have your back through your purchase. Be prepared, be competitive, and be confident; you will find yourself a winner in a high-stress market and nab that perfect home!

Erin Miller is a Licensed Real Estate Salesperson with HUNT Real Estate ERA in the Clifton Park, NY office. She is also a member of the National Association of REALTORS® . Erin enjoys working with buyers to find their perfect new home. If you are looking for an agent to help in your Capital Region home search, contact Erin, and check out her reviews on her website at www.homeswitherinmiller.com

 

*HUNT Mortgage is an affiliate company of HUNT Real Estate ERA. There is no obligation to utilize the services of HUNT Mortgage in order to work with a HUNT Real Estate ERA salesperson. The opinion on the services of HUNT Mortgage and the mentioned loan officers are those of the writer and in no way imply any client is required to work with this lender.

Saratoga Area Fun – Saratoga Balloon and Craft Festival

Hot Air Balloon Blog

There are many things that I love about being a real estate agent based in Saratoga County. The county is full of lifestyle choices from rural areas, suburban neighborhoods, villages, hamlets and cities. There is pretty much an area for everyone, I chose a rural area. Additionally, there is tons to do within the limits and summer events are very popular.

One of the area’s most popular events is coming up – one that myself and many of my friends enjoy. The Saratoga Balloon and Craft Festival is a wonderful family-friendly event held annually at the Saratoga County Fairgrounds in Ballston Spa. Each year the festival brings many beautiful and unique balloons.

Balloon launches occur daily, weather permitting of course for everyone’s safety. You can take a tethered balloon ride or experience a true hot air balloon ride. The Saratoga Balloon and Craft Festival also is host to the “best balloon glow in the U.S.”

In addition to all of the balloons, there are many amazing artisans that exhibit during the festival. From paintings to jewelry, home decor, specialty foods and many other one-of-a-kind items you can find all sorts of neat stuff that make great gifts for a friend or yourself. There will also be demonstrations by select exhibitors – see how they make their creations!

As mentioned it is a family-friendly event. There is tons for kids to do at the Stewart’s Shops Kid Zone. Check out the Walk-About Balloon, Petting Zoo, or have your face painted! There is live music and food vendors making this a great all-day activity.

So if you are looking for something to do in the Saratoga area this summer, this is one event you don’t want to miss. You can purchase tickets and learn more about the fair on the Saratoga Balloon and Craft Festival website. Even purchase a ticket for a hot air balloon ride! Keep your fingers crossed for good weather and I hope I see you there.

Erin Miller is a Licensed Real Estate Salesperson with HUNT Real Estate ERA in Saratoga Springs, NY. In the past Erin has worked in the field of marketing, focusing in social media and internet marketing. She also holds excellent customer service skills and enjoys working in the community. Erin is looking forward to blending real estate and her other skills to provide a great experience for future clients in the Capital Region. Visit her website http://www.homeswitherinmiller.com