The Vories Team

Of all the expenses that come with buying a home, prepaid costs can sometimes take buyers by surprise. (And while we all love a good surprise, you definitely don't want one in the buying process!). So, here's what to know: Prepaid costs are upfront cash payments you make at closing for various mortgage expenses before they’re actually due. Funds are held in escrow until needed. They include: - Initial escrow deposit - Homeowner’s insurance premiums - Real estate property taxes - Mortgage interest Prepaids are separate from closing costs which include the title search, appraisal, and cost of processing the loan. Curious about what your bottom line would be if you purchased a home? Want to buy but don't want surprises? DM us, and let’s crunch the numbers! www.findtristatehomes.com

Lightning-round mortgage FAQ! Q: Should I shop around for the best rate? A: A thousand times YES! And don’t worry about stepping on lenders' toes. Tell them you’d like to work with them, but you’re shopping around for the best rate. Q: Will multiple mortgage loan applications hurt my credit score? A: Maybe by a few points, but not enough to keep you from comparison shopping. As long as credit inquiries are made within a few days of one another, each is typically counted as a single inquiry for credit-scoring purposes. Q: How far in advance should I apply for a mortgage? A: The sooner, the better, but apply only when you’re almost certain to buy. Pre-approval letters are valid anywhere from 30-90 days. There, that was quick, wasn’t it? Have more questions? We have answers! DM us, We’d love to help. www.findtristatehomes.com

Lightning-round mortgage FAQ! Q: Should I shop around for the best rate? A: A thousand times YES! And don’t worry about stepping on lenders' toes. Tell them you’d like to work with them, but you’re shopping around for the best rate. Q: Will multiple mortgage loan applications hurt my credit score? A: Maybe by a few points, but not enough to keep you from comparison shopping. As long as credit inquiries are made within a few days of one another, each is typically counted as a single inquiry for credit-scoring purposes. Q: How far in advance should I apply for a mortgage? A: The sooner, the better, but apply only when you’re almost certain to buy. Pre-approval letters are valid anywhere from 30-90 days. There, that was quick, wasn’t it? Have more questions? We have answers! DM us, we’d love to help. www.findtristatehomes.com

Why a Home Inspection Is Non-Negotiable 🛠️ Never skip the home inspection! It’s a vital step to make sure your dream home doesn’t come with unexpected issues. A professional inspector can help identify potential problems that could save you thousands down the road. If you want to learn more about the importance of a home inspection reach out! We'd love to chat. www.findtristatehomes.com

Hey there, first-time homebuyer, can we have a heart-to-heart? You see, you’re buying your first home, and we couldn’t be more excited. We're showing up as your biggest fan's. But our guess is you’re hearing lots of chatter about this not being the ideal time to buy. Maybe even from people you love. Here’s the thing: Maybe conditions aren’t ideal, but if you know in your heart you’re ready to buy, then NOW is THE time. So long as you can take that spirit into this process, you’re going to be just fine. And I’ll be with you every step of the way. To leave nothing unsaid, here are a few other mind shifts I hope you, and all first-time buyers, will embrace: 1. This is your first home. Not your forever home. It’s okay if it doesn’t have everything on your wish list. That will come with time. 2. You can’t control the market or interest rates. You know the home you could have afforded two years ago isn’t the home you can afford today. But that’s okay. You will find the home that’s right for you right now. 3. Staying within your budget is important. Don’t get caught up in the emotional side of buying or begin to equate your value as a person with the home you purchase. Now that your mind and heart are ready, it’s time to get moving. Send us a DM, and let’s take the next step.

7005 Stewartsville Rd, Williamstown, KY is PENDING! What a way to kick off the weekend! We are so excited for our clients. 🥳 Next stop, the closing table! 🙌🏽

What you need to know before buying (that no one ever tells you): 1. Buy the house you can afford, not the maximum the mortgage lender thinks you can afford. 2. Don’t dismiss school districts - even if you don’t have kids. Buying in a sought-after district will come in genius at resell. 3. It’s okay if you don’t have a 20% down payment. Just talk with a reputable lender ASAP to see which loans are right for you. 4. Don’t be afraid to walk. Title issues, an overwhelming inspection, or a nagging hunch that won’t quit? You’re the buyer. You’re in charge. And you can walk at any point. 5. Buying is costlier than renting. You’ll be your own landlord now, so you’ve got to factor repair costs, utilities, and furniture into your budget. Another reason to revisit number one above. Tag a friend who needs to see this, or save this post for later.

Would you believe me if we told you that you can buy a home with no money down? It's true! Here are some first-time homebuyer programs to know about. 1) FHA loans: Backed by the Federal Housing Administration (FHA), these loans are a popular option for first-time buyers. Why? Think low down payment options and flexible and income requirements. 2) VA loans: These loans are available to eligible military members and veterans and offer competitive interest rates with zero down payment. 3) USDA loans: Available to homebuyers in rural areas, USDA loans offer low (or no) down payment options, flexible credit requirements, and the option to finance repairs and closing costs into the loan. 4) State and local programs: Many states and localities offer homebuyer assistance programs, such as down payment assistance, grants, and tax credits. Ask your realtor or lender about local programs for first-time homebuyers. 5) Homebuyer education courses: Some programs require first-time homebuyers to complete a homebuyer education course, which can help them understand the process and prepare them for homeownership. It may seem like a drag, but the more you know, the smoother it’ll go! If you’re thinking of buying this year, take a deep breath and start exploring your options - homeownership is within reach. Don't forget to save this post for later!

Before you buy a house, it's essential to research neighborhoods thoroughly! 🏘️🔍 Think about what's important to you: schools, commute times, amenities, and safety. Spend some time in potential areas at different times of the day to get a real feel for the community. 🏙️ As your team of realtors, we can provide detailed insights and help you find a neighborhood that fits your lifestyle perfectly. Reach out when you're ready to explore!

8843 Valley Circle Dr, Florence, KY is PENDING! We are THRILLED for our clients! Congratulations! 🎉🥳