Brad's Blog

They want to buy a house. They just don’t want to hire a contractor.

Real-estate agents say buyers right now seem in no mood to take on the additional costs and headaches of major renovation projects. There is no national data tracking how much quicker renovated homes sell than unrenovated ones, but there are signs of this change. It is one reason sellers are receiving an average of three offers now, compared with around six a year ago, according to the National Association of Realtors.

Homeownership is a significant milestone in many people's lives. It's not just about finding the perfect house; it's also about ensuring that your finances are in order to support this long-term commitment. 

Do your clients need a little help with their down payment?

Any reverse mortgage professional in the business today is well aware of the lingering reputational issues plaguing the industry’s distribution to new clients, but one new editorial piece published by MarketWatch breaks the mold by instead focusing on ways in which the product could benefit those at or near retirement.

Ultimately, given the right circumstances, the reverse mortgage can provide a great opportunity to both fill in the gaps of a retirement plan or facilitate gifting and legacy desires while still living. With home values at record highs and interest rates still at low levels, this could be a great time to secure a reverse to help manage both needs and desires going forward.

First time home buyers may feel as if they are climbing a mountain trying to save for a down payment to purchase a house. Many buyers believe they need 20% down payment. We have several government loans with very little money down…..Here’s three programs that may brighten your day. Good news here too…you can ask the seller to pay for part or all of your closing costs.

Did you know that the majority of Americans dislike their neighbor? A particularly bad neighbor can lower your home’s value, disrupt your quality of life (and sleep), or even inspire you to relocate.

If you want to have neighbors that complement your new location with a sense of community, it’s important to check whether the grass is greener on the other side of the fence when touring homes.

If you’re worried about your saving, income, the ability to retire. If you’re already retired and seeing your monthly income your purchasing power dwindling don’t look to Washington DC for answers. Politicians are very slow to act on “any” crisis.

It’s a common misconception that buyers must make a 20% down payment on a home. In reality, the average down payment in 2021 was just 12%.There are several reasons why 20% is the recommended amount, but that doesn’t mean it is the optimal number for every home buyer. Farris Mortgage has several government programs that do not require 20% down.

Buying your first home is so exciting!
Congratulations on taking the first step: learning what to expect from the home-buying process.
While you may be feeling exhilarated, chances are you’re also a bit stressed out and overwhelmed.
Never fear — home-buying isn’t a solo task, and we can work together to build your team and find you the perfect place to live.