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Text only newsletter stories Issue 4 Vl. 3


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Headline: A new option for helping buyers combat multiple offers

There’s intense competition for homes in areas where home inventory is low, and cash buyers often get the nod in situations where there are multiple offers.

But there’s a new option for non-cash buyers that could help them compete in these situations, according to a recent article in the New York Times.

Some mortgage lenders are beginning to offer “pre-underwriting.” Rather than a simple pre-approval for a loan, which is usually based on the borrower’s credit report, pre-underwriting is a complete review of all documents that would be required for loan approval. This “pre-underwriting” strategy puts borrowers on more equal footing with cash offers.

Pre-underwriting is much more involved and time-consuming than a typical pre-approval, so not all buyers are eligible, but that could change in the future. One mortgage company offering pre-underwriting is Luxury Mortgage in Stamford, Conn.

“We’ve agreed to do this very recently, and I think it’s only necessary when you have a pretty hot market,” Luxury Mortgage’s Peter Grabel told The Times.

No two markets are the same, so if you have questions about your market and your financing options, get started by contacting a trusted real estate professional.


Headline: Five things that make us happy with our homes

According to a recent survey conducted by houzz.com, here are five things that consistently make people happy with their homes.

 1. Big windows and comfortable furniture: Nearly 75 percent of respondents listed these two items as major difference-makers. It’s a no-brainer—people like lots of light and a good place to relax.

 2. A big-screen TV: This is more likely to be a key feature for men than women. 40 percent of men said having a big-screen TV makes them happy with their homes, compared to just 17 percent of women.

 3. Overall design and layout : 87 percent of the 6,000 people surveyed said the design of the home is a major contributor to overall happiness. If you’re unhappy with your home and there’s a project you’ve been wanting to tackle, get to it!

 4. Home cookin’: 39 percent of respondents said the scent of good cooking or baking made them happiest. Clearly, it helps to have a capable chef around the house!

 5. Keep it tidy: 72 percent of homeowners said they’re happiest when their houses are clean and well-organized. If you want to be happier with your home, try having a place for everything, and put everything in its place.


Headline: Don't be a victim: Trim those shrubs

Crime prevention studies show that burglarized homes have less visual access than their neighbors who were not burglarized. Burglars seek to victimize homes with easy access in and out, and most importantly, they don't want to be seen. A common thread in burglaries are homes with overgrown trees and shrubbery. When walkways and windows are covered in green they may look great to you, but they look like “opportunity” to the would-be burglar. When looking at your home from the street, can you see all access points clearly and easily? If not, make sure you trim the green and keep you and your family safe.


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