What are the top 6 reasons a house does not sell?

What are the top 6 reasons a house does not sell?

Some homes stay on the market for a long time, and often sellers don’t understand why their house is not selling. One reason may be that they are not marketing the home effectively. However, there are other reasons.

1. The home could be overpriced.
2. Could be a bad location.
3. Overall bad market.
4. The home could be in poor condition.
5. The home could have an off-putting odor.
6. The home owner could be inflexible in price or terms during the negotiation.

Be sure you hire the right agent who knows how to overcome these obstacles and get you the results you’re looking for - a house that sells quickly and for the best price possible.

What credit score do I need to buy a house?

What credit score do I need to buy a house?

According to MSN Real Estate, the average credit score for approved mortgages dropped to 727 in December 2013, down from 748 one year prior. FICO credit scores run on a scale from 300 to 850.

It appears that borrowers are having an easier time applying for a mortgage compared to a year ago. Lenders may be getting more comfortable easing standards since home prices have been increasing over the past year.

All lenders have different requirements. Your credit score will determine the best mortgage loan product for you. In most cases, a higher score will allow for a lower interest rate resulting in an overall better loan.

If you are thinking about buying a home now or in the next 12 months, find out what your credit score is today! Meet with a mortgage professional to be prepared and plan for the best loan product for you. Call me for a referral if you need one! 402-305-4335