Buying a home is a dream that’s shared by many people. Making that dream come true isn’t always as simple as just going out and applying for a mortgage loan, though. Some potential homeowners need a little bit of assistance in keeping loan requirements manageable, even though they are fully able to afford the loan itself. Fortunately, there are a number of home loan programs that can help make home ownership attainable even for first-time buyers and those who worry that they might not meet all of the requirements for a traditional mortgage loan.

It’s important to keep in mind that the rules and requirements for these loan programs are updated from time to time. Before starting out looking for the home of your dreams, you should make sure that you are up to date on the exact terms of the loan program you’re considering using. Here is some information on some of these updates to help you along your way.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Housing prices continue to climb, inventories continue to remain low, demand for housing is intense, and there’s absolutely no relief in sight. It’s a hard time to be a homebuyer right now! Despite that, you can still find a house that you’ll love; it may just take a little extra polish and shine as you head into your home buying adventure. Cash is still king, but you can be more competitive by putting your best foot forward with your offers.

Here are our best tips for buyers trying to secure a home in this busy and tight market.

According to homeadvisor.com, the average bathroom remodel costs about $10,000! When yours is crying out for help but the money for a complete overhaul is not in the budget, there are plenty of options that are easy on the wallet. Find some inexpensive inspiration in the following tips: 

• Something as simple as updating your light fixture can be a huge improvement. Whether you buy brand new at your local home store or a good-as-new used piece, this is an easy DIY. Call a reputable electrician if you choose to add lighting or move the current connection. 
• Add style to a plain mounted mirror with a frame! Framing kits come with everything you need for this quick update and are available at home centers and online for less than $100. 

• Old linoleum that is in good condition can be covered with adhesive-backed vinyl tile or painted with porch paint. Create a custom look by using a stencil. Supplies may cost a bit more than other paint jobs, but it beats the expense of replacing the flooring. 
• Are the walls covered in thirty-year-old wallpaper? The easiest fix for that is to paint over it! Benjamin MooreⓇ suggests you start by sealing any peeling spots with adhesive and applying clear caulking where wallpaper meets the ceiling or the floor. Save time by using paint with built-in primer, and paint as you would any other wall surface. 
• A new faucet is a quick way to update the sink. Confident do-it-yourselfers can switch the old with the new with help from this step-by-step video how-to for faucet installation from Home Depot. 
• The most inexpensive update for the cabinet would be paint and new hardware. Even laminate countertops can be painted or tiled for a fresh look. 
• If your budget is tight, just the purchase of a new shower curtain, window treatment, inexpensive framed prints, and one nice coordinating towel set can make a huge improvement to a dated bathroom. 

Having several remodeling jobs on the to-do list usually means beginning with the most affordable projects. Making budget-friendly bathroom updates will help ease the urgency of needing a full renovation. Save yourself stress and money by holding out just a little longer, and when it’s time, you’ll have the perfect bathroom! 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: The House That Lars Built 

When the time comes to relocate, the thought of selling your home while purchasing another seems too much, so renting your current place sounds like a win-win for you. The extra income sounds great, knowing your house is still there in case you need it is another nice thought.  There are pros and cons to this decision, however, so look through these tips to help you finalize your decision: 

• One major factor to consider is when you know the move is not permanent.  If you know you will be returning in a few years, and it may be a good idea to lease while you are away so you will not have to house hunt upon your return. 
• Take a close look at the financial aspects of renting your house: 

• Landlord’s insurance premiums may cost more than a homeowner’s policy. Talk to your insurance agent about the differences in cost. 

• If you have equity in your house, or the money a sale will generate will allow for a nice deposit on another, you really should consider a sale. 
• Do the math–if you have a loss after all your expenses (insurance, repairs, property taxes, etc.) are deducted from the rental payments, it would be a better idea to sell. 

• Take into consideration that in larger areas, there may be times of a vacancy.  Can you handle your current mortgage and rent or mortgage payment in the new place?  If not, put the house on the market. 
• Renting may be a good choice if the house needs repairs or improvements to bring a good sale price, and the cost of those fixes all at once is out of your budget. 
• Consider the occasional tenant that will not care for the property as you do. Landlord insurance will not cover normal wear-and-tear, nor intentional damage. 

• Things can happen, and even good tenants are suddenly unable to pay rent on time–or worse, stop paying rent–and you will be stuck with the mortgage payment, not to mention the possibility of the costs of going through the eviction process.  
• If you live in an area that attracts visitors or tourists, consider short-term leasing with an online booking company. Be sure you are within your city’s regulations for short-term rentals and consider the frequent cleaning costs and other risks taken when renting to tenants that you have little means to check into before they enter your house. 

The stress of renting just might be greater than the house-hunting in the case of a temporary move.  Talk to other property managers in your area and look at your financial information before you make the final choice. When you decide to sell, call a trusted RealtorⓇ.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: The Real Deal

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Stats courtesy of StellarMLS

The tough housing market just keeps on getting tougher.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Stats courtesy of StellarMLS

Realtor® Magazine’s definition of disclosures is “federal, state, county, and local requirements of disclosure that the seller provides, and the buyer acknowledges.”  In most states, this means that a seller must let a buyer know about known problems with the property they are selling.  Disclosing issues with a house is important for both buyer and seller. Understand more about property disclosures in this guide: 

Disclosures and the Seller 

• Every prospective property seller will receive a disclosures form from their listing agent.  This form should be filled out truthfully and to the best of the seller’s knowledge. 
• Most states want these items disclosed to the buyer:  lead paint or asbestos, previous repairs or additions, mold or water damage, pest issues, drainage problems, foundation cracks, problems with HVAC and other appliances, and roof condition/age. 

• The listing agent will be aware of all government disclosure requirements–federal, state, and local.  Transparency from the seller is a must at this point of the property sale. 
• “Better safe than sorry,” should be the homeowner’s motto when it comes to disclosures.  For instance, if there is a possibility that mold is an issue under the house, an inspector should have a look. 
• Disclose minor things that you have learned to live with.  Items a seller considers small–such as a rattling window on a windy day, or a repair made many years past–can be big things to the buyer. 
• The disclosure should be ready before the seller accepts an offer–for their protection. 

What the Buyer Needs to Know 

• Once a potential buyer receives the disclosure statement, they should read it over carefully and without distraction. Any questions should be marked or written down and questions presented before the disclosure form is signed. 
• The added expense of having a home inspection is vital to this part of the sale.  When the buyer meets the inspector, the disclosure form should be in hand so each item can be checked out thoroughly. 
• Check local government building permit and zoning information to make sure any additions were performed legally by licensed people. 
• If negotiations about any disclosure’s issues break down, it may be best for the buyer to walk away from the sale. 

• In the end, doing due diligence is the best way for a buyer to find problems that will be a major issue after the sale. 

Disclosures should be a seller’s protection plan, and smart sellers will be completely honest, and even disclose more than necessary.  Sellers should make sure that their state laws ask them to disclose things like traffic noise, undesirable neighbors, or even paranormal activity!  Choosing a Realtor® with experience will help sellers through the disclosures process so that buyers will have full confidence in the property they are purchasing, which makes for a quick and smooth sale! 

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

Get Orlando Daily News delivered to your inbox! Subscribe here!

Photo credit: Realtor.com

Drainage problems can be a major issue for homeowners. Not only does poor drainage cause standing water in your yard, but it can also lead to leaks and foundation problems with your house depending on where the water collects. As if that wasn’t bad enough, landscaping and lawn upkeep become a lot harder when your yard doesn’t drain well. Is there anything that can be done for these problems?

Fortunately, yes. There are actually a few different ways to treat drainage issues in your yard, and this is a great time to undertake a project to correct them. By taking action now, you can avoid problems that might arise from heavy spring rains. The exact solution to your drainage issues will depend on the cause of your problem, so here are a few different options to consider.