Need Mortgage Help?
866-515-1212
Fast Mortgage Rate Quotes

What Is The Post Bubble Home Buying Incentive?

Comments Off on What Is The Post Bubble Home Buying Incentive?
Bookmark and Share

housing-bubblesThere have been some dramatic events in the housing market in the past decade that have made many sensible potential home-buyers think twice about taking the plunge and buying their own homes. The worst of it was, of course, The Crash, that period around 2007-2008 when all of the optimists and gamblers suddenly found that their bets were not going to pay off.

They would never have a chance to refinance after taking on expensive loans or loans that would soon adjust to a rate that would be impossible to service for more than a few months. This is what caused so many homeowners to end up in foreclosure and that frightened many others out of the market altogether.

Going Back To The Basics That Never Failed

The good news is that the world has not come to an end, the last house has not been sold at the end of the Earth and there are some simple evergreen principles that will help you find and purchase a nice home in which your family can settle in comfortably.

The advice that is good now probably has been good since the mortgage and finance system has been established in this country. It’s just that the over-exuberance of the bubble caused buyers to become swept up in the hysteria. If you took on a mortgage that was affordable in 2005 and never missed a payment you likely are doing well now.

Best Practices In Home Ownership

If you took on a teaser rate adjustable rate sub-prime mortgage at that time you may have had a tough few years and even been relieved when you walked away from payments that you could never afford. So the incentives are, as they always have been, in the basic principles of buying to suit your budget.

Reality and common sense consistent over time and just because everyone else is doing it does not mean that you should too. Since the bubble burst there have been opportunities for investors with cash and stable consumers who had cash and good credit as those foreclosures and short sales have come onto the market. There may be a few around still. If you have the heart and ambition for a fix-up you might be able to get more than you could afford at full market rate.

Principles And Patience Provide The Modern Incentive

The first step is to take inventory of your finances, speak to your bank and start to build a relationship with your friend local agent or broker. If you do it right you will be able to buy with finance and enjoy a home that both suits your budget and lifestyle. The most dangerous part of buying a home is getting caught up in the greed and fear of the swings of the marketplace.

Stick to the basic principles of buying what you can afford and being patient will always serve you well in the long term and enable you to enjoy a happy stable home for as long as you want to be there. If it is the right time in your life and if you have been following the basic principles of home buying then you will be much more likely to have a positive home-buying experience.

Five More Surprising Homebuyer Turnoffs

Comments Off on Five More Surprising Homebuyer Turnoffs
Bookmark and Share

Home Selling TipsSo Here We Go Again

The comprehensive list of why potential homebuyers walk away from viewings unimpressed and determined to buy elsewhere is long and complicated. When you are seeking to sell your home it is surprising how much influence you can have on the buying decision with relatively minor effort. So here are five more things to avoid when it comes time to show your home to

Deceptive Listings Are Hazardous To Your Wealth

If you try to show your home in too good a light or make too much of a minor feature you are setting yourself up for disappointment or worse. Doing things cutting out the telephone company’s concrete bunker next door or stretching to get that glimpse of a scenic view you cannot otherwise see without a safety harness in your listing picture will be extremely obvious when the viewing appointment comes around.

Laundry And Clutter

Speaking of deceptive listings, clutter has been written about before here and will be written about again, no doubt. Really, any kind of clutter or untidiness will be a huge turnoff. This is a concept that does not suffer from frequent repetition. You must be as tidy as you have ever been in your life when you are listing your home and showing it to potential buyers. This includes laundry whether it is dirty clothes spilling out of the hamper or neatly stacked clean towels; just don’t!

Your Wallpaper Is Awful – It Just Is

Some homeowners enjoy patterned and textured paper on the walls of their homes. Somehow, this does not translate to homebuyers. When touring an unfamiliar home in an exploration of possible purchase buyers universally despise wallpaper. Your best option is to strip the paper and paint a neutral beige sort of color, before you start showing your home to buyers.

Helicopter Sellers – No Badge Or Spotlight Required

There is little more awkward and less inviting than a sell that insists upon hovering over the potential homebuyer as they tour your home. When you are looking over their shoulders, they are feeling defensive and a little suspicious that you have something to hide. Your realtor probably will not be thrilled with it either; most agents prefer that you not be in your home when people view it.

That being said, agents do realize that it is not always practical to ask you to be out when the buyers are in. If you must be there, have anything you might worry about losing secured, take a deep breath and step back and play the gracious but aloof host that does is not hover like over your guests.

Overpricing Yourself Out Of The Market

Overpricing is the best way to first ensure that no one views your home or, if they do, homebuyers breeze through and don’t make an offer. If you the right market value then you will begin to get requests to view your home almost as soon as it is listed. If you receive offers that is a confirmation of the price. If you are slightly high you may get viewings but no offers and if you are way over… just imagine crickets chirping and you get the idea.

Finding the right market value is best left to a professional and your listing agent will provide a detailed market analysis based on recent sales in your area. If you have carefully chosen your agent and they are experienced in your type of home they will generally be able to hit the mark every time. When you are too insistent on a higher price your home will probably just sit on the market without sale until you come around.

A Short Checklist Of Home Buying Rules

Comments Off on A Short Checklist Of Home Buying Rules
Bookmark and Share

Home Purchase BasicsThis is a checklist to determine if that dream home purchase, which you are thinking about stretching to, is actually the right decision. It is real a set of rules but if you read through it completely you should be a little bit more clear on whether you are going to proceed with such a life changing purchase or not.

If it is the right time and the right thing to do then it is a great opportunity to get into. If it is the wrong timing and you choose to go ahead anyway then it can be a burdensome and downright painful experience that will leave you feeling like you have been burned. So, to get it right take an honest look at your personal circumstances

Twelve Checklist Items That Determine Your Home Buying Status

  1. If it is out of your price range or the numbers don’t add up then do not buy now, wait until you can afford it.
  2. Be mindful; make sure that you are doing it right.
  3. Remember that you are purchasing the location and that means that you need to be satisfied that it is the right neighborhood. Research the community resources such as schools and crime statistics carefully before decide.
  4. No more questionable financing! You need to stick to the traditional home loan that you understand and requires you to make monthly payments that do not result in negative amortization (increase in loan balance due).
  5. Banks and mortgage brokers make money by maxing out your borrowing capacity. So, whatever they say that you can make in payments and balance, reduce it by twenty percent. Remember, a conservative attitude is your friend and your lender is a mercenary seeking payment.
  6. Lending standards have gone up in recent years and that is a good thing. You will have to be meticulous in your financial recordkeeping to make sure that you get the best deal that is available for you. Understand that it is a lengthy process, even if it is all smooth sailing, and that you must be patient throughout.
  7. The biggest mistake that borrowers who got into trouble in the financial crisis was to assume that by taking on huge debt they would be able to get better terms later on and refinance at a higher value. The lesson is that you cannot make assumptions and that if you cannot afford a home at the current rate then you should not buy it.
  8. As trite as it sounds, less really is more. When you buy less than you can afford you have more for the life that you intend to live in your new home. Also it means easier payments or faster repayment and greater abundance throughout your life.
  9. Know your credit score. If it is above 750 on all three major credit agencies you are in a good position to finance. If your score is below 750 then you may have higher rates.
  10. Can you buy and then stay put for five years? Generally speaking, this is the minimum time before it is worth owning your home. Moving more frequently will cause you to pay way too much in fees each time. If you cannot stay put that long then rent until you can.
  11. Like owning a car there will be extra costs when you least expect them with home ownership. Allow for this in your budget as well as for regular monthly and annual expenses.
  12. You need to be certain of your job security and that you will be able to make payments over an extended period. If you foresee any rough patches in employment in the near future then you need to hold off on buying until you can be confident of financial stability.

Why So Tough On Home Buying?

All of these might seem like a really strict approach to home buying. It used to be assumed that if you could qualify and occupy a home you were set. It was a general assumption that home values only ever increase. Today, we know that this is necessarily true. Add in the risks and uncertainties of the modern job market you have to understand that doing it right is a great way to avoid bad home ownership experiences.

Home Inspection Tips

Comments Off on Home Inspection Tips
Bookmark and Share

Home Inspection 101The Basic Points Of Getting Inspections Done Right

When you purchase a home one of the most tense and yet interesting activities is the day you go in with an inspector to check your possible new home with a fine-toothed-comb. In most cases there is a requirement for inspection in order to take on such a high valued asset and liability as an improved piece of real estate.

Any time you take on financing the mortgage company or bank will be certain to get the necessary professional opinion to cover the company’s potential liability. For them it is all about paper work; as long as they do everything by the book they are insured and they can pass on the blame like good bureaucrats always do. For the home inspector it is a job but for you it could mean an expensive fix up down the road.

Looking Out For Your Interests

Home inspectors are human and, in spite of training and experience and a calibrated eye they can fall back on insurance if they make a mistake, not that they would seek that in any way. So they tend to be measured in their opinions and stick to those things with which they are experienced and knowledgeable.

Do not hesitate to get additional inspections for items that will be your problem at some inconvenient future date.

Real estate is not a commodity and each home is potentially very different from the rest and so there may be some things that require special opinions and special inspections. To that end, the following is a short list of some of the most common elements of your future home that might require a special inspection.

Following The Code

Not the Pirate’s Code but your local building code. If there is an extension or addition to the home in some way, such as a sunroom or a patio, it will likely have required approval from the local planning authority to begin construction.

Your inspector might hesitate to comment if it looks like a borderline case or obviously non-compliant. In this case you will need to get before you close on the home. If the building fails a non-conforming use inspection then you might wish to run away as if it was actually built by pirates.

Causes That Call For Special Inspections

  • Geological Inspection – Faults in the ground and subsidence can crack your foundations.
  • Sewer Inspection – What goes in must come out, make certain it goes out where you expect.
  • The Creepy Crawly Inspections – Pests such as termites can literally eat you out of house and home.
  • The Fungus Among Us – The hazard presented by mold infestation can be life threatening but at the same time easy to miss during inspection.
  • Manufactured Materials Hazards – Before the 1970s asbestos was considered a miracle material, until health risks became known. All homes built prior to 1975 need to be inspected for asbestos and other toxic materials.
  • Roof And Chimney Inspections – These are both vital components in your home structure. If you suspect faults you will need to have a special inspection.

If you think that there are faults in any of these elements of your home check with you inspector as to whether they are qualified to render a professional determination. You may need to take on the added expense of calling in a second, specialized inspector.

The risk of taking on a property with such defects is too great not to go the full distance. Most likely you will at least get peace of mind from knowing that you did everything possible to prevent unpleasant surprises down the road.

How Long Does It Take To Get A Home Loan

Comments Off on How Long Does It Take To Get A Home Loan
Bookmark and Share

Home Purchase ProcessThe Solution Requires Preparation

When you are not looking to finance a home purchase it seems like everywhere there is someone trying to sell you a home loan. But when it is crunch time and you need to have financing in place to actually purchase that dream home then you start to appreciate all of the obstacles blocking the way.

Buying your home is one of the most complicated transitions you can go through and there are so many ways that it could go wrong; many of them center on getting the loan to make it happen.

You need to make some preparations and take the initiative in advance of choosing your dream home. Not doing so will very likely slam the brakes on the process just as you get to the point of commitment. Unless you have cash in the bank or a rich relative to gift it to you it takes time to get set up financially for a home purchase.

Prequalify For A Foot In The Door

You need to start preparing early on in the process, before you start seriously shopping for homes and probably even before you seek a realtor to represent you in negotiations. The term for this is to pre-qualify for a loan. This pre-approval is the process of lining up your finances, finding a banker or broker you can work with and complete an application.

Finding the right loan company, broker, bank or credit union offer is the first step in the process. You are likely to be shopping around for about two weeks to find the deal that suits you and for which you can estimate that you will qualify. To qualify you must have a high enough credit score and income ratio that allows for your present spending and the new loan on top of that. There are many calculators and worksheets online that will allow you to figure out if you have a chance of qualifying.

When you have someone to work with on your home loan ask the lending company to issue a prequalification letter. This states that you are generally fit to get a home loan. It takes generally less than a week to have a so-called prequal issued once they have determined that they can lend to you.

Home Loan Preapproval

The next stage to proceed through is that of obtaining actual pre-approval in detail, based upon your exact and documented financial records and credit history. In the most straightforward cases you will receive approval within two weeks. However, if you have finances or obligations that need to be considered it can take significantly longer. If you have regular paid income from and employer and few debt obligations it is easy.

If your circumstances are more complex, say, you are self-employed, divorced, existing financing or past bankruptcies then, even if you can confidently make the payments, the lender is going to look very carefully at your finances before issuing a final approval. On the high end it might take several months before you get a final yes to your application.

Once you are in possession of that all-important preapproval letter you are set to choose a home and make a move. This is the point at which professionals in real estate and sellers will be willing to work with you to make a sale. The next part of the process is to get approval on the property you intend to buy.

Qualify Your Home

So, now you have approval but the lender now needs to ensure that the asset secured by your mortgage or trust deed will be a sound investment. At this time you will send in the inspectors and appraiser to determine the quality of the property. This last part should take less than a week.

In total there a process that take about six weeks at a minimum. You do need to be prepared to patiently wait out the various applications and approvals but once you do you will be in a powerful position to select the home that fits your budget and your needs and which becomes an important part of your life for years

Nine Things To Raise Your Home Buying IQ

Comments Off on Nine Things To Raise Your Home Buying IQ
Bookmark and Share

purchase-homeworkIf you are considering the purchase of a home for the first time you may be wondering what is involved. If you have an unsuccessful past experience in attempting to buy your own home it might be that there are painful memories of having your heart set on a particular property, one that got away.

Even if you are currently occupying your residence as a homeowner you still might be forgiven for dreading the idea of moving to a more preferable home. Here is a breakdown of the things that you have to be prepared to do to make your next home purchase happen and for it to be a positive experience.

Get Your Credit House In Order

Do you know what is your credit score? If you do not then you probably have not pulled your records from the three main consumer credit scoring agencies recently. The simplest way to do this is to use the only official website designated for that purpose at AnnualCreditReport.com.

Figure Out How Much Home You Can Afford

You need to establish the price range of what is affordable in your budget. This is a matter of determining your weekly, monthly, seasonal and annual expenses as well as payments on loans and credit cards.

Decide Where You Want To Live

Find the neighborhood you like and where the prices fit your budget. Also find information about local schools, crime statistics and any other factor that will make the difference in your quality of life.

Start Saving For A Down Payment

Ideally you will have enough for all of your costs plus twenty percent as a down payment. You can certainly purchase with less but the costs will start to rise when you have less.

Get pre qualified or preapproved

This is where the earlier steps you’ve taken begin to pay dividends. When you apply for a loan there are many variables that play into the final selection of the right financial package. However, you will get a better deal if you have better credit and cash to cover a larger down payment.

Research Agents Carefully

Realtors will take you more seriously if you are already prequalified. In fact, you will be in a position of strength if they see that you are prepared and prequalified. You should research carefully in selecting the agents that you work with. Not only should they be agreeable, they should have a reputation that you can confirm by third party sources such as past clients and social media.

Be Prepared To Have Prospective Homes Inspected

Again, you want to have all of your tools lined up because, when you find a home you want, you need to be ready to take action. Having a home inspector on standby, who you can call in at short notice, will put you in the position to negotiate the final deal that suits you best.

Learn About Your Options In Closing Costs

Be prepared to negotiate with the seller on this. When you have your resources and research lined up you are much more likely to get the deal that you were hoping for.

Start Touring Open Houses

Start visiting open houses early on in the process to speak with realtors and to get an idea of how the process works. The more experience that you have when you find the one home you really want the better you will be able to negotiate and to search.

Get Ready To Move In

Develop a plan of action for moving in, a strategy to get it done once you close escrow and have the keys in your hand. Preparation is the best solution to minimize stress and confusion on moving day.

Purchasing a home is an important step in life and one that can be rough on the uninitiated. When you start out by doing your homework and making preparations early you find that the process goes much more smoothly from start to finish.

A Sellers Guide To Comparable Sales

Comments Off on A Sellers Guide To Comparable Sales
Bookmark and Share

Comparable Sales BasicsSqueezing Liquid Gold From Bricks And Mortar

When you sell your home you tend to have your heart set on getting the highest possible value in return for your precious asset. As the occupant and owner there is an emotional bond that causes homeowners to have clouded vision when it is time to put a selling price on the beloved land and improvements we call home.

Homes are not a liquid asset: That simply means that it takes some doing in each individual case to convert a home into the equivalent amount of cash. That is why there is a well-developed profession of real estate agency and brokerage in every state.

Comparable Sales

In all, realtors do a good job of creating a free and open market in real estate, a market that is governed almost entirely by the economic forces of supply and demand. Therefore here is a primer in the main method used to reach that price: The comparable sales method of valuation.

There are many ways to determine the value of a high value asset such as real estate. In residential real estate sales the most effective method is to look to the records of the marketplace and compare the qualities of the property to yours and estimate the equivalent value on the open market.

This works best because it depends on real-world prices that have actually been paid from buyers to sellers. The trick lies in determining what is actually an equivalent real estate holding.

The Difference Is In The Done Deal

The first thing to be aware of in comparable sales is the difference between what people wish to get for a property versus the value at which homes actually change hands. You can find the differences on the Web at sites like Trulia.com and Zillow.com. Remember to set search parameters to view actual past sales and not listing prices.

Comparables Mean Characteristics

When you compare the price of homes you do so on the basis of the similarity of characteristics. For example, you get no comparison from looking at sale prices of detached five-bedroom split-level homes if you are analyzing a three-bedroom townhouse. You need to match similar type and age properties that have comparable number of rooms and square footage, with similar lot features located as nearby as possible.

Changing Time And Shifting Value

As we all know, real estate prices change over time. So you want to look at the most recent completed sales to eliminate the changes in market levels as much as possible.

See For Yourself

When you find sold homes that appear to be alike to the one you intend to sell take a drive around to them yourself and try to get a good look at them. You will be able to make a visual determination as to whether they are actually a close comparison to your home.

Notice What Moves And What Does Not

As you watch the market over a period of weeks and months you will start to see patterns of differences between listing prices and sold prices. Also there will be those properties that stay on the market for extended periods.

Even in a slow real estate market, properties that are priced right for the market and condition will sell fairly quickly, i.e., within days of listing. The difference is entirely based on price: If it is the right price for the prevailing market conditions it will sell; if not the price is simple too high for the market to bear.

Five Preventable Reasons Home Sales Fall Through

Comments Off on Five Preventable Reasons Home Sales Fall Through
Bookmark and Share

Five Things to Avoid When Purchasing a HomeFive Ways To Blow The Deal

Here are some things that can derail a real estate transaction. Home sales are complicated transactions, so it is important to know how to keep transactions moving along smoothly.

When you are preparing to buy a home there is a logical order of events that lead up to closing. Each phase should be approached with a methodical and careful determination. Here are five common reasons that sales fall through.

Procrastinate On Securing Financing

Buyers this means you! Getting financing is an extended process that has at least three stages before you can move to closing. Put it off if you want to not be taken seriously by realtors and sellers. If you do get a seller, you have the perfect opportunity to pull the rug out from under them by not having a source of funding when it is time to close. Make financial pre qualification a priority, it takes time and is bound to throw up some obstacles before you get the thumbs up.

For sellers, if you want the sale to fall through just go ahead and work with anybody, regardless if they have been preapproved or not. It is like rolling the dice when it comes time to close. And of course there is that extra six to ten weeks to get financing from scratch it will take close assuming they can qualify.

Try to work only with buyers who are taking it seriously. At the very least your prospects should have already secured preapproval from a lender. Finding a cash buyer might seem ideal but they often will attempt to use this position of strength to negotiate a discounted price.

Low Appraisals Can Be Like A Bucket Of Cold Water

When the appraisal comes in low it might sting a little bit, or a lot! As much as you want to get the price you had your heart set on, you may have to swallow your pride unless you are prepared to wait a long time, i.e., until the market catches up with your ego.

The Home Inspection And Title Red Flags

There are two ways in which you are at risk when you agree to purchase a home. If it is a new-built home you will by definition not have any unexpected claims to the title of your home and new homes usually come with a warranty.

In previously owned homes this is a different matter all together. Previous owners may have some claim over the property and wear and tear accumulates on the structure and fittings over time. Make sure to follow up closely on the title search and all recommended building inspections.

Rigid Response

When you allow the seller to make the sale conditional upon the sale of their home you multiply the risk of the whole process dropping through the floor. The sale of your home will go through a lot more easily if there is no chain of other sales that have to first take place. Avoid including this contingency in your contract and give preference to buyers who do not demand it if you want to significantly speed up your selling process.

Scare Your Buyer Out Of Closing

As a seller you should definitely stay away from nervous buyers. If you can have your choice, select the buyer who is the most confident and comfortable with the transaction. Prequalification and larger deposits are again important indicators of intentions and confidence.

An experienced realtor can help guide you through all of these potential pitfalls. But, whether you are a seller or a buyer, it does help if you have done your own homework and have a good conceptual understanding of the things that cause home sales to fall through.

Moving To A New Home Essentials List

Comments Off on Moving To A New Home Essentials List
Bookmark and Share

movingAn Alphabet Of Things You Need On Moving Day

Here is a semi-alphabetical list of all of the things that you absolutely need to take with you on moving day. When you are moving house it is one of the most stressful times that a family can endure. Make it a little easier to get through the day and on to a new life in you new home with this list of all you will need to have and maybe a few things that you had not considered.

Lists are helpful in moving to a new home and throughout life, use this example and see if you can come up with anything additional that will be essential to your personal situation.

A List For Moving Into A New Home

A is for the portable alarm clock to awaken you in new surroundings.

B is for the beverages such as juice and bottled water that will quench your thirst in strange surroundings.

C is for the basic cleaning supplies, because empty homes often have dust and dirt waiting to surprise the new occupants.

D is for the dishes and food for pets that have had a tough-enough day already.

E is for the easy-to-make meal staples so that you can eat after a crazy day.

F is for the flashlight or headlamp you need to find the circuit breaker in the dark.

G is for the gadgets of the modern kitchen. This includes any basic cookware, your microwave oven and if you don’t have an electric kettle, now might be the time to get one.

H is for how you are going to eat your food. Make sure that enough plates, utensils and cups go with you and not into the moving boxes that might arrive late.

I is for all of your important identification cards and records.

J is for the jolt your portable electronics get from spare batteries. (Yeah, that’s a stretch)

K is for all of your keys.

L is for linens sheets and pillows.

M is for money, meaning cash, credit cards and checkbook.

N is for a list of your important contact phone numbers.

O is the shape of that extremely versatile roll of duct tape that will hold your life together on this crazy day.

P is for pen and paper to write notes and even more lists.

Q is for at least one roll of quilted softness you will miss desperately if you forget your toiletries to include essential paper supplies.

R a portable radio for news and entertainment while you await the cable guy.

S is for a shower curtain.

T is for a small and portable tool kit that includes a sturdy pair of scissors.

U is for UV protecting sunblock. Waiting outside is always a possibility on moving day.

V is for vital prescription medication you take daily plus a basic first-aid kit.

W is for the instant coffee or teabags to wake you up.

X is for those extra changes of clothing.

Y is for tasty snacks and a personal treat or two.

ZZzzzzs are what you will be soundly making, knowing that you pulled it off, with all the things in hand that you needed to survived the day you moved to your new home.

The Moving List

  • Alarm Clock
  • Bottled Drinks
  • Cleaning Supplies
  • Pet Food And Bowls
  • Food
  • Flashlight
  • Basic Cookware
  • Microwave
  • Electric Kettle
  • Cups Plates And Utensils
  • Id And Personal Documents
  • Spare Batteries
  • Keys
  • Sheets And Pillows
  • Cash Credit Cards And Checkbook
  • Contact Numbers
  • Duct Tape
  • Pen And Paper
  • Toiletries
  • Towels
  • Portable Radio
  • Shower Curtain
  • Tool Kit Including Scissors
  • Sunblock
  • Prescription Medicines
  • First-Aid Kit
  • Coffee Or Teabags
  • Extra Changes Of Clothing
  • Snacks And Treats

Reasons For Buying In A Good School District

Comments Off on Reasons For Buying In A Good School District
Bookmark and Share

Before You Purchase Your HomePublic Schools Impact Everyone

The relationship between school districts and home values is an important and complicated one. Although you might want the house that is right next door to the local school you will find that having one nearby will be evaluable for your present or future family.

Whether you have children of school age or not you will find higher home values in districts that are known for the quality of their school districts. Good schools create demand and that increases district property taxes, which in turn increases the resources available to the school district.

Interestingly, poorer public school quality will tend to increase enrollment in private schools for those who can afford it. Again, this tends to feed back in the opposite direction and make the public schools even less appealing for that community.

How Close Is Too Close?

The issue with being too close to a school is that there will be issues with students milling around, possibly on your front lawn and parents parking and loitering to pick up and drop off their kids. As well as the disruption to your lifestyle this will negatively impact your home’s value, compared to the average real estate values in your neighborhood.

The Public Record Of Public Schools

The quality of education you can give your children is one of the most important factors in choosing an area in which to settle. There are volumes of data and statistics that disclose the innermost details of public school successes and failures. You owe it to your family to look into it very closely.

You can look at the age of the school building as an indicator of quality, as long as you also consider the condition. A historic building superbly kept may be at least as appealing as a brand new building. It is a balance between the building age and facility condition overall.

The ratio of students and teachers is critical as more teachers giving attention is vital to helping your child to learn. In districts with more students and less teachers you get larger class sizes and it comes down to the natural ability of your child to take in knowledge unassisted and in spite of the distractions that are ever-present.

Whatever else you might think of standardized test scores, the fact that they are published and give a fairly equitable comparison of results is a good indicator of school quality. Test results are a strong factor in determining whether or not a district is considered to have high quality schools.

A School District Makes A Community

While there are certainly other considerations in determining where you choose to purchase your next home the quality of the school district is a very important part of the process. Because of the benefits that good schools give to the community at large, make sure that you factor it into your search for a suitable property whether you presently have children or not.

Mortgage Rates