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Buying

Found 56 blog entries about Buying .

Offering over asking price can make even experienced home buyers shudder. But paying more than a seller's asking price can make sense for some home buyers. So, when should you aim high? Check out these 5 times offering more than asking price might be the right decision.

1. You Can Afford to Pay Over Asking Price. Remember that the home still has to be appraised for the asking price if you're getting a mortgage. Otherwise you'll be stuck paying for anything above that amount. 

2. It's a Seller's Market. A seller's market is when there are more home buyers looking for homes than there are homes on the market. It's also a good idea to be pre-approved for a home loan and be ready to act quickly when you find a home you want to make on offer on. 

3.

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Sallan Real Estate would be honored to help you find your Northern Nevada dream home. We specialize in a variety of property types all over Northern Nevada, including Somersett, Caughlin Ranch, Arrow Creek, Damonte Ranch, Galena, Montreux, Canyon Pines, Sierra Canyon, Verdi, Old Southwest Reno, and Midtown Reno. 

With nearly 20 years of experience helping people buy and sell real estate in Northern Nevada, we love the area and know you will too! We can help you get financing, guide you to local neighborhoods, help you determine your budget, and prioritize a list of essential features that you need in your next home. We'll save you valuable time by finding the properties that best suit your requirements. 

If you are planning to purchase a home in the

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Interest Rate, Interest, Percentage, Percent, MortgageMortgage rates have dropped to lows not seen in nearly 50 years! If you are planning to purchase a home in the near future, it may be worth it to start the process now. As of this writing, mortgage rates are: 

30-year Fixed Rate Mortgage: 3.29%

15-year Fixed Rate Mortgage: 2.79%

Check current interest rates here. 

To put the current interest rates into perspective, the previous lowest rates occurred during the housing crisis in November 2012 when mortgage interest rates dropped to 3.31%. 

If you are considering purchasing a home or refinancing your current home loan, talk with a mortgage professional to see if the lower rates will be of benefit and check out this post to see what questions you should ask before you refinance. 

If you

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Mortgage rates have been at record lows for quite a while and if you own your home, you might have thought about refinancing. Refinance loan volume jumped to the highest level since 2013 earlier this month. The current rate for a 30-year mortgage is 3.69%. So if your mortgage interest rate is higher than that, you could be paying too much. But, before you refinance your mortgage, here are some things to consider. 

How Are Your Finances? About 25% of mortgages are denied, most often for poor credit and too high debt-to-credit ratio. Before you consider refinancing, make sure that your credit score is solid, there aren't any errors on your credit report, and you have paid down or paid off debts to decrease your debt-to-credit ratio. 

How Long

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Many homeowners want a luxurious, spacious bedroom. But if one, or all, of your bedrooms is smaller than you would like, you'll have to get creative. We've created a list of the best ideas for utilizing the space in your cramped bedroom to create a functional space. 

Apartment, Bed, Bedroom, Book Shelve, Books, Carpet1. Built-Ins. Floor to ceiling built ins can help make the best use of your wall space. Whether you're storing books or shoes, built-ins can be your friend in tiny bedrooms. 

2. Daybed. For a children's or a guest bedroom, a daybed can be the perfect space saver. With either another twin sized bed or storage underneath the bed, you'll be utilizing some much needed space. 

3. Wardrobes. If you're bedroom doesn't have much, or any, closet space, a floor-to-ceiling wardrobe with a slim

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If you resolved to buy a home this year, then knowing some first-time home buyer tips is essential to reaching your goal. To put together a list of helpful first-time home buyer tips, I reached out to two of Dickson Realty’s trusted partners: Dereck Bowlen, the Branch Manager for Synergy Home Mortgage in Caughlin Ranch and Dwight Pace, the Homebuyer Programs Supervisor for the Nevada Housing Division. They recommended these seven first-time home buyer tips to anyone who wants to buy a new home this year.

Follow These 7 First-Time Home Buyer Tips

1. Assess your financial inventory

The first step to buying a home is getting a clear picture of your finances, Bowlen says. He recommended that first-time home buyers take an inventory of their income,

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It's common knowledge that Northern Nevada's economy is doing well. No corporate income tax, no personal income tax, and a cost of doing business that's 6% lower than the national average are all excellent reasons why so many businesses are moving to and launching in the area. Real estate is also going strong in Northern Nevada and you can read the latest real estate market report here. Or check out the latest in economic news. Many people are interested in investing in real estate and the Northern Nevada region is an excellent place to purchase an investment property. Below we've highlighted some tips to help you decide what might be a good property for you. 

Higher Education- The University of Nevada, Reno, Truckee Meadows Community College, and

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Reno-Sparks is a great area in which to own a rental property. With University of Nevada, Reno here and so many businesses moving to the area, the need for long-term rentals is growing. If you are considering purchasing an investment property, please reach out. We've assisted many homeowners purchase single family homes, multi-family properties and condos for investment purchases. 

To increase your odds for finding the perfect tenant, these features may help your rental property stand out from the crowd. 

Location. A property with easy access to UNR will appeal to more college students and a single family home in an Eastern Sparks neighborhood may appeal to a family who has just relocated to the area for a job at one of the many businesses at the

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You're tired of renting and want your hard-earned money to be going toward an investment, namely a home. Experienced Realtors will be able to walk you through the home buying process with as little stress as possible. However, before you start seriously looking at properties, there area seven questions you need to ask yourself, especially if this is your first home. 

1. How's my credit? If you've never checked your credit, you get one free credit check per year from each of the credit reporting agencies: TransUnion, Experian, and Equifax. When you get your report, review it to make sure the accounts and amounts are correct. About a quarter of Americans have incorrect information on their reports so the sooner you can get that removed from your report,

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The documents are signed and your Realtor has given you the key to your new home! Take time to celebrate, but remember there are a few things you'll want to do as soon as you move in to your new home. 

1. Change the Locks. Contractors, neighbors, and the previous owner's friends may all have keys to your home. Have the locks re-keyed or just replace them before moving in. 

2. Deep Clean. You'd hope the home was cleaned before you move in, but with open houses and showings, you'll want to clean again. Whether you bust out the disinfectant or you hire a professional, a deep cleaning of your new home is in order. 

3. Change Alarm Batteries. Changing your carbon monoxide and smoke alarm batteries doesn't sound that important with all the other things

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