Great time for Pearland First Time Homeowners. News from Maggie McFarland RE/MAX One in Pearland Texas. Below is information from National Association of Realtors. For more information contract Maggie McFarland at 281-412-2022
First-Time Home Buyer Tax Credit for Closing Will Move Market ...
"A true housing recovery depends on buyers returning to the market and reducing inventory," said National Association of Realtors® President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. ...
Magge McFarland RE/MAX One 281-412-2022
More Pearland Real Estate Information Visit TheHomeSourceOnline
THINKING ABOUT BUYING YOUR FIRST Pearland Home?
You've probably wondered many times if you can afford to buy a home. Did you know that continuing to make rental payments may be more expensive in the long-run? When you make rental payments, the money is gone forever. When you make mortgage payments, however, you build equity in your home. The longer you own your own home, the larger your equity becomes. Your home may also appreciate in value, usually at a rate faster than the rate of inflation. In addition, property taxes and mortgage interest paid on your personal residence are usually 100% tax deductible. There are numerous advantages to owning a home. Here are some things to consider when buying your first home.
Obtain Your Credit Report
Get a copy of your credit report from the three major credit bureaus (Experian, Equifax,Trans Union) and review the information. Most lenders will get a credit report for you and review it with you as part of their pre-approval process. The sooner you do this the better. If your credit report contain items which need correcting, it's easier to attend to them well before you make an offer. Don't assume you can't buy a home because your credit isn't perfect. There are numerous lenders and loan programs designed for people with less-than-perfect credit. Contact several lenders to discuss your options. In the unlikely event you don't qualify for a loan, determine what steps to take to improve your credit standing and qualify in the future.
Determine How Much Home You Can Afford
Maggie McFarland can give you a list of Mortgage Companie they can help with this process. Also, many web sites offer calculators that help you determine how much home you can afford. A good calculator will give you a range of affordability. Many of these calculators use standard debt ratios of 28/36. This means that your housing payments cannot exceed 28 percent of your gross income and that your total debt cannot exceed 36 percent of your gross income. However, there are a wide range of programs. Depending on your assets, credit history and earning potential, you may be able to qualify for more than what the standard debt ratio calculations would indicate. Contact a lender to determine of how much you can afford.
Understand The Cost Of Home Ownership
In addition to your mortgage payment, you will also pay for property taxes and home owners insurance. In Pearland the tax rate is different for many of the subdivisions. If you buy a condominium or townhouse you'll likely pay a monthly homeowner's association fee. It is important that you understand the full cost of owning a home in addition to the tax benefits. Many real estate agents and lenders can help you analyze the cost of owning a home. You may also want to consult with an accountant or a financial planner to determine how purchasing a home will help meet your financial goals.
Determine How Much Money You Will Need
Most loan programs require cash to pay for the down payment and closing costs. In today's market most lenders offer a variety of programs and down payment options. Even if you have less-than-perfect credit, you may be able to buy a home with a limited down payment. Many home buyers mistakenly assume they need to save 10 or 20 percent the purchase price before they can buy a home.
Determine How Long Your Pearland Home Will Meet Your Needs
What home features do you require today? When and in what way might your requirements change? Will you have a larger or smaller family in the near future? Will you some day need a home-office or work area? A two-bedroom home, for example, may serve the needs of a couple, but may not be roomy enough for a growing family. What will be required to convert the garage into additional work or living space? Consider how your needs may change before you buy.
Maggie McFarland - RE/MAX One - 281-412-2022- http://www.TheHomeSourceOnline.com
Pearland Home Staging Tip of the Week from Maggie McFarland of RE/MAX One. Pearland Realtor with over 15 years of experience.
The first thing you want to do is stand out at the street. This is your buyer's first thing they see and the first impression of your home. Spend some time and make lots of notes. When you are finished take your time and get the exterior ready for potential home buyers! Can you see the front door? Is the front door clean? Can you see all of the windows? Is the lawn well maintained and green? Are flower beds free of weeds and bushes nicely trimmed? Does the home need paint? Is the roof clean? Is there wood trim on the house that needs to be replaced? These are all questions you need to ask yourself. Remember you want the buyer to want to come inside the home.
Next week tip of the week will be the 8 second rule!
Maggie McFarland - RE/MAX One - 281-412-2022 TheHomeSourceOnline.com
Pearland Real Estate mortgage rate information from Maggie McFarland - RE/MAX One -Pearland Realtor.
Freddie Mac Reports Increased Mortgage Rates For Second Week ...
Move.com Trends real estate blog covers topics such as home ownership, neighborhoods, home technologies, and celebrity homes.
Mortgage Rates Climb in Response to Recent Rise in Bond Yields ...
"30-year fixed-rate mortgage rates caught up to the recent rise in long-term bond yields this week to reach a 25-week high," said Frank Nothaft, Freddie Mac vice president and chief economist." And the slowdown in the housing market has ...
Loan Programs for Pearland Home Buyers
30-Year Fixed-Rate Mortgage The 30-year fixed is one of the most popular loans. Many people like the fixed interest rate and lower monthly payments. But since the term of the loan is long, you'll pay more interest over the life of the loan.
15-Year Fixed-Rate Mortgage† You generally pay a lower interest rate with a 15-year loan. You will pay less interest than you would with a longer-term loan and build equity quickly. Your payments will be higher than those on a 30-year mortgage.
5/1 Adjustable-Rate Mortgage (ARM)† This loan has a fixed rate for the first 5 years and a rate that changes once each year for the remaining life of the loan. Because the interest rate can change after the first 5 years, the monthly payment will increase if rates go up and will be reduced if rates fall.
Interest-only loans This loan has an initial time frame in which only interest is paid, followed by a period of time in which the payment goes up in order to pay down the loan's balance. This is different than traditional mortgages, where the payment consists of principal and interest for the life of the loan. Use the savings from the lower initial payments for other immediate needs, keeping in mind that payments will increase in the future.
Get more Pearland Real Estate information at TheHomeSourceOnline.com
Contact Maggie McFarland - RE/MAX One at 281-412-2022
Pearland Real Estate information from Maggie McFarland - RE/MAX One. Pearland Texas full time Realtor. For the latest Pearland Real Estate information visit TheHomeSourceOnline.com
PEDC Touts Pearland's Success and Opportunity at Annual Broker Day ...
Green construction and progress were the themes of the Pearland Economic Development Corporation (PEDC) annual Broker/Developer Day Event. Area real estate professionals and community leaders toured the city by bus to see first-hand why ...
Maggie McFarland RE/MAX One 281-412-2022 http://www.TheHomeSourceOnline.com email Maggie at pearlandhometeam.com
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Pearland Texas Real Estate Agent serving Pearland for over 18 years. Maggie McFarland FULL TIME Top Producing RE/MAX Realtor offers premier Real Estate services. Homes for Sale in Pearland Tx
· Full Time Real Estate Agent
· Peak Performance Graduate
· Member of TAR, NAR TREC and HAR
· RE/MAX Realtor – Hall of Fame, 100% club
· Pearland Texas Realtor
· Yearly Multi-Million Dollar Producer
· Internet Marketing
· Over 18 Years’ Experience as a license Real Estate Agent
Whoooeeeeee! It's been a long time. 18+ years as a Realtor, and I've loved it... well most of the time. There have been some bumps along the way, but so many great people, many who have become my good friends whom I have sold homes to multiple times and now selling homes to their kids and other family members. Most of my Real Estate business is done right here in Pearland and the surrounding cities like Friendswood, Alvin, Manvel, Rosharon and Alvin.
I have been married to my hubby Stephen McFarland for almost 25 years! After all these years he is still my best friend and very favorite HUSBAND! Stephen and I both grew up here in Pearland and both of our families still live here so it was the perfect place to raise our family. We have four kids Candace, Blake, Travis and Jayden. Candace is a 1st grade school teacher, Blake is in the Army in Fort Stewart Georgia, Travis works and goes to college. Jayden our youngest (by many years) is in fourth grade. We also have a granddaughter Kylee that is wild and crazy and the love of our life.
As a Pearland Top Producing Pearland REALTOR, I focus on residential home sales, including single family homes (resales, new construction)
I work with both buyers and sellers, and have substantial experience with first time home buyers. I have significant personal relocation experience, and as a REALTOR have helped a number of buyers relocate (from a few hundred miles to across the country). I understand the difficulties of relocation and offer a variety of unique real estate services tailored specifically for relocation clients.
Here is a great blog I wrote for First Time Home Buyers
Look here for some Great Tips on Selling your home
For sellers, I provide a variety of marketing services.
Internet marketing is a large part of today's Real Estate. My personal website includes local information, plus all mls listings!
http://www.PearlandHomeTeam.com
I specialize in representing my clients in the purchases and sales of single-family residences and income property within the cities of Pearland, Silverlake, Friendswood, Manvel, Alvin and surrounding areas. I keep current of all transactions in these areas, and I'm also very knowledgeable with the local schools and city developments.
My Blog has some great articles and information for Pearland.. Take some Time and HAVE FUN checking them out. Pearland Independence Park is one of the oldest parks in Pearland. Pearland's Curb Side Recycling Yes, of course I think Pearland is a great place to live Great Reasons to buy a Home in Pearland Two times a month on Saturday you can visit Pearland's Farmer's Market
How I sell Homes in Pearland, Texas.....
I know buying a home is the one of the biggest investment for home buyers. But, it also has to be your home that you love. I do the right thing for my clients because it's the best way to lead your life. If you want to buy or sell, call me. We'll figure out the best way to proceed, then we will make it happen. You have my word! And if that means encouraging them to do nothing, then I've done my job well.
What Maggie's Client's are Saying about working with her.....
We would like to take this time to thank you for your hard work in making our dream come true. Every step that was done to make our home in Pearland sell for top dollar was very much appreciated. Maggie you were there every step of the way with the skills necessary to have us list with RE/MAX. Your personality is pricesll; it always made us feel like you cared. ~Ronnie & Terry Pullig
Ya'll have made the selling of our home a very stress-free process. We appreciate all of your attention to detail and hard work. We will recomend you guys ot all of our friends and family in Pearland! Thanks again! ~Mitch & Julie Allen
I want to thank you for all you did for us. It was kind of hairy for a while but YOU WERE GREAT! We love our new house.. We like the neighborhood more than we thought we would. Thank you again for the great candle. I will recommend you to everyone I know. ~Angie & Charles Whitlock
Maggie was excellent in helping my husband and I find a home "children friendly". I have mentioned her to all of my family and friends who are looking to move. ~ Stephanie & Justin Mark
Maggie was excellent. Even after we closed, she was helpful on ALL of our problems and questions. We appreciate her dedicaton to us. We have refered her to several friends. ~Gregory & Jaycie Novak
Maggie was wonderful and SO helpful to us! She was so quick to get documents back to us and answer any questions we had! I would recommend her to anyone looking for a new home! She was also very knowledge able about the area! Would absolutely use Maggie again! ~ Jenny Turner
Working with Maggie was such a pleasure! This was my first experience at selling a home and Maggie was so organized and helpful with the entire process. From our first meeting where she showed all the research she had done regarding the area and comparable listings, to guiding us through the process of getting all the documents and processes complete, Maggie was with us the whole way. Between the regular email updates and phone calls we were able to feel completely comfortable with the entire experience. Maggie is so competent at what she does and her entire persona makes you feel like you are working with an old friend! I was amazed at how quickly the whole process was finalized and while my results might be out of the ordinary, I feel that the way Maggie ... pleasure! This was my first experience at selling a home and Maggie was so organized and helpful with the entire process. From our first meeting where she showed all the research she had done regarding the area and comparable listings, to guiding us through the process of getting all the documents and processes complete, Maggie was with us the whole way. Between the regular email updates and phone calls we were able to feel completely comfortable with the entire experience. Maggie is so competent at what she does and her entire persona makes you feel like you are working with an old friend! I was amazed at how quickly the whole process was finalized and while my results might be out of the ordinary, I feel that the way Maggie took care of us was customary for all of her clients. I highly recommend Maggie as she is truly a professional in every sense of the word. I look forward to her referring a realtor in our new area to help my husband and I find our new home together! Thanks again for such a great house selling experience! ~ Vicki Lumb
I just closed on my beautiful home yesterday and I couldn't have done it without Maggie. We had tried with another realtor previously and could not get through some difficult financial issues so we gave up on getting a home and lost $2000. I called Maggie about renting a house and that is when we discussed what had happened previously with buying. She said that the financial issue we described should have not been a problem. She got in touch with the Loan Officer I use and they got us in our beautiful home. Only sad about one thing, I am really gonna miss Maggie, since she stays in contact with her clients all along the way, I got use to talking to her. I consider Maggie a good friend and the best realtor around. ~ Kay Vickery
Maggie is an excellent realtor. Very straight forward, honest, wonderful to work with. She is a no pressure realtor, and absolutely has your best interests at heart. We purchased a home Maggie had listed, did not even bother to get our own realtor, as Maggie was very professional for both the seller and my husband and I as the buyers. Thanks to Maggie's efficiency and attentiveness, along with our mortgage broker, Christine, at First South, we were able to go from offer to closing in 21 days. VERY VERY professional, and we will definately recommend Maggie to anyone! ~ Jessica McCormick
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