Real Estate Tip:Qualifying Guidelines

It may be difficult to qualify for a home mortgage loan. As a buyer, you may find the perfect home, but finding the perfect financing might become elusive. After you complete the application process, your lender may turn you down, which is an upsetting development for any prospective homebuyer. What can be done to remedy such a setback?

The answer depends on why you were turned down. If your income is too low to satisfy one mortgage company, there might be another company with more liberal qualifying guidelines. If you have had credit problems, some lenders may be more willing than others to help you clear them up in a manner that satisfies their underwriters. If your loan runs into problems, sit down with the loan officer and your real estate agent to investigate the possibility of using a different lender. The first company may be able to "assign" the package to a competitor, enabling you to use your same credit report and appraisal. You will need the cooperation of your sellers, too.

While loan rejections are disappointing, they can be resolved.

The Wilmington Grand Prix is this weekend!

Date	May 18, 2012 to May 20, 2012
Description	Wilmington Renaissance Corporation (WRC), the City of Wilmington and their many partners once again bring professional cycling to the streets of Downtown Wilmington with the Wilmington Grand Prix. In six years, the event has grown from a regional bicycle race to one of the premier cycling events in the country. The 2012 Grand Prix is set for May 18-20 with three days of festivities. The action opens on Friday, May 18, with the return of the Monkey Hill Time Trial, a 3.2-mile race against the clock through Wilmington’s Brandywine Park, a course made famous by the Tour DuPont. The action continues on Saturday with a series of men’s and women’s pro-am criterium races along a one-mile course in Downtown Wilmington. Sunday will feature the Governor’s Ride, a 15-mile cycle tour of Brandywine Valley cultural attractions. Governor Jack Markell will lead a recreational bike ride through attractions such as the Delaware Art Museum, Hagley Museum, Winterthur Museum and Country Estate, Delaware Museum of Natural History and Rockford Park. The ride will finish with a party in the sculpture garden at the Delaware Art Museum. New this year is the Wilmington Grand Prix Gran Fondo, a 100-kilometer course traversing 11 cultural attractions featuring two timed climbs and a hilly terrain. The course will be challenging and fun with unprecedented access to ride through Dupont estates and attractions. Saturday’s activities begin at noon with the 3nd annual Parade to Fight Hunger, a parade featuring marching bands, vintage bicycles, drill teams and more than 40 organizations that actively support the Food Bank of Delaware. The racing action begins at approximately 11:30 a.m., with men’s and women’s racing in a variety of professional and amateur categories. A series of youth races will also be held. In addition to the racing action, the Grand Prix Street Festival returns, offering free family entertainment from the 5th Street to Rodney Square. Activities include live music, sidewalk sales, course-side cafes and variety of family games and activities including moon bounces, rock climbing, bungee jumping, fitness challenges, bike expos and more.
Location	Wilmington, DE
Additional Information	Website: www.wilmgrandprix.com

Real Estate Tip:Selling Selling Sold

Although your real estate agent is responsible for marketing your property, it requires a joint effort to get your home sold.

How can you empower your agent? It is very important that you feel absolutely confident in your agent's ability to produce results--no matter what the market is like in your area! This may sound like stating the obvious, but it is important to let your real estate agent know you trust them to get the job done. Support that trust by putting a realistic price tag on the property and keeping it in prime showing condition. Work out showing agreements that will make it easy for agents to preview or show your home. Meet periodically to discuss any feedback from buyers who have seen your home to determine how you can improve its appeal.

Don't hesitate to share any ideas you may have about marketing your home. I will try anything that works, and have received some very good suggestions from clients.

Quick Delivery Home in Hickory Hollow!

Ryan Homes has a rare quick delivery home available in Hickory Hollow!  This is new construction without the wait.  Call Erik today for more information.

Some of the features and options included are:

·         Elevation A with Siding

·         Four bedrooms with 2.5 baths

·         2-Car Garage

·         2,980 square feet of living space

·         Finished Basement with three-piece plumbing rough-in           

·         Morning Room

·         42” Maple Espresso Kitchen Cabinets and Gourmet Island

·         Stainless Steel GE Appliance Package including Range, Microwave, Dishwasher and Refrigerator

·         Gas Fireplace with Slate Surround

·         Luxury Owner’s Bath with Double Bowl Vanity and Upgraded Maple Espresso Cabinets

·         Hardwood in Foyer, Powder Room, Living Room, Kitchen, Morning Room and Family Room

·         7 ceiling fan rough ins

·         Guardian Technologies Security System

·         Second Floor Laundry Room

·         9’ First Floor Ceilings

Total Sales Price:                               $277,995

Total Savings:                         ($18,005)

NEW SALES PRICE:  $259,990*

For more Information please call Erik Hoferer at 302 299-1111

*When utilizing NVR Mortgage.

 Prices and incentives subject to change without notice.

Legacy at the Village of Fox Meadow

Ryan Homes is introducing another great community in New Castle County.

Call Erik for all of the latest details at 302 299-1111.