Category Archives: Tip of the Day

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TOP TEN REASONS TO BE OPTIMISTIC ABOUT THE HOUSING MARKET

June 27, 2013
By: cometrealty

Friendly. Professional. Local. Be sure to contact your favorite Comet Realty agent to achieve your real estate goals and contribute to an overall economic recovery:  Mike Copeland, 805-441-9021 Therese Cron, 805-878-1684 Shannon Fitzpatrick, 805-801-5436 Keith Hoffmann, 805-801-6498 Kristin Lachemann, 805-801-4653 Erik Slayter, 805-476-3663 Tim Townley, 805-440-8735 Hayley Townley, 805-440-9194 Follow us on Facebook! 


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The Ripple Effect of Real Estate!

April 23, 2013
By: cometrealty

Friendly. Professional. Local. Be sure to contact your favorite Comet Realty agent to achieve your real estate goals and contribute to the ripple effect:  Mike Copeland, 805-441-9021 Therese Cron, 805-878-1684 Shannon Fitzpatrick, 805-801-5436 Keith Hoffmann, 805-801-6498 Kristin Lachemann, 805-801-4653 Erik Slayter, 805-476-3663 Tim Townley, 805-440-8735 Hayley Townley, 805-440-9194


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GREEN TIP: Packing Materials

July 24, 2012
By: cometrealty

Styrofoam packing peanuts, bubble wrap, and foam are useful during a move, but not for the environment.  To go green on your next move, try using old newspapers to wrap fragile items, and then recycle the paper when you unpack. Wrap pieces of furniture and art with blankets to ensure they do not get damaged during the move instead of packing them in foam. If you must use non-biodegradable packing materials, ask around to see if anyone has any from a past move to give…
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Mortgage Rates Continue to Set New Record Lows!

July 2, 2012
By: cometrealty

Mortgage rates continue to set new record lows, leaving many home buyers and refinancers wondering how low rates can go and how to capture the best rates now. Making sense of the story: Many economists are forecasting that mortgage rates will rise again later this year as the American economy gradually improves and as more global investors turn to the U.S. as a safe haven for money. The average rate on a 30-year fixed-rate mortgage averaged 3.66 percent the month of June. This is the…
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Advantages of Pre-approval

June 29, 2012
By: cometrealty

The housing market is warming up in many areas, with multiple offers becoming more commonplace. Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a pre approval. Making sense of the story The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what a borrower discloses to the loan officer or broker about his/her earnings, credit score, and total assets, including what is available for a down…
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Six Must Haves for Mortgage Approval

March 12, 2012
By: cometrealty

Interest rates are hovering around historical lows, and low interest rates increase affordability, making it easier for buyers to qualify. Yet stories of buyers waiting months to gain loan approval and home purchase transactions not closing on time due to lender’s strict underwriting are all too common.Some buyers are turned down for illogical reasons. For instance, if you have investments — even if they’re performing well — an underwriter might deny the mortgage because your portfolio doesn’t fall into the underwriter’s risk assessment model.One couple…
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Getting Ready to Buy a Home? Lender Do’s & Don’ts

November 29, 2011
By: cometrealty

There are 4 things you should avoid doing prior to submitting a loan application, or during the loan process, according to Kevin Hauber of iMortgage. Any one of these things can greatly impact your ability to qualify for a mortgage loan, so it is critical to avoid doing any of these until AFTER your loan has closed escrow. DO NOT PAY OFF BILLSYour loan officer will advise you if it is necessary to pay off bills to help you qualify for a loan. They will…
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Hayley’s Feng Shui Tip: FALL CLEANING TIPS!

September 20, 2011
By: cometrealty

Fall is in the air! Prepare for the change of season (even if you are in California!) with a few deep-cleaning tips for your home. A clean home is a happy home! Clean from ceiling to floors, starting with the most used rooms. Tackle this list over a few weeks if you get overwhelmed. I won’t tell anybody!  LIVING ROOM Dust fans, crown molding and air vents. Soak and wash glass light fixtures.  Walls and corners collect lots of dust (and dog hair, in my case!)…
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TIP: Home Improvements That Pay Off

September 13, 2011
By: cometrealty

Dian Hymer is a nationally syndicated real estate columnist, and author. The temptation is strong: Clean up the yard, declutter the house, and put it on the market without spending time and money sprucing the place up for sale. This is especially the case if you anticipate losing money on the sale. Some real estate agents recommend you do little if anything to get your home ready for sale. This could work if you price the listing to look like a bargain. However, most buyers…
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Top 10 Tax Tips for Sellers According to IRS

September 6, 2011
By: cometrealty

If you are thinking of selling, the first thing you should do is call Comet Realty to find out how they can market and sell your property!  The second thing you should do is look at this list that the IRS has published for sellers. (http://www.irs.gov/newsroom/content/0,,id=104608,00.html.) Here are the IRS’s top 10 tax tips for home sellers (taken from their website August 2011): 1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your…
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