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Teresa Parker- Pahrump Local Expert Blog

Friday, May 10, 2019   /   by Teresa Kenney Parker

The Benefits of a 20% Down Payment

The Benefits of a 20% Down Payment





If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage.


The truth is that there are many programs available that let you put down as little as 3%. Those who have served our country could qualify for a Veterans Affairs Home Loan (VA) without needing a down payment.


These programs have cut the savings time that many families would need to compile a large down payment from five or more years down to a year or two. This allows them to start building family wealth sooner.


So then, why do so many people believe that they need a 20% down payment to buy a home? There has to be a reason! Today, we want to talk about four reasons why putting 20% down is a good plan, if you can afford it.


1. Your interest rate will ...

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  buy a home, own a home, 20 percent down, current market, down payment

Wednesday, May 8, 2019   /   by Teresa Kenney Parker

Why Access Is One of the Most Important Factors in Getting Your House Sold!

Why Access Is One of the Most Important Factors in Getting Your House Sold!





So, you’ve decided to sell your house. You’ve hired a real estate professional to help you through the entire process, and they have asked you what level of access you want to provide to your potential buyers.


There are four elements to a quality listing. At the top of the list is access, followed by condition, financing, and price. There are many levels of access that you can provide to your agent so that he or she can show your home.


Here are five levels of access that you can give to buyers, along with a brief description:





Lockbox on the Door – this allows buyers the ability to see the home as soon as they are aware of the listing, or at their convenience.






Providing a Key to the Home – although the buyer’s agent may need to stop by an office to pick up the key, there is little delay in being abl ...

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  buy a home, own a home, current market, realtor