Friday, June 24, 2022 / by Teresa DiPeso
New, May 2022 Cape May County Market Reports
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Middle Township Nj | TERESA DIPESO JERSEY SHORE REAL ESTATE BLOG
Thursday, June 23, 2022 / by Teresa DiPeso
Things To Avoid After Applying for a Home Loan
Once you’ve applied for a mortgage to buy a home, there are some key things to keep in mind. While it’s exciting to start thinking about moving in and decorating, be careful when it comes to making any big purchases. Here are a few things you may not realize you need to avoid after applying for your home loan.
Don’t Deposit Large Sums of Cash
Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.
Don’t Make Any Large Purchases
It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have compared to your monthly income). Since higher ratios make for riskier loans, borrowers may no longer qualify for their mortgage. Resist the temptation to make any larg. ...
Don’t Deposit Large Sums of Cash
Lenders need to source your money, and cash isn’t easily traceable. Before you deposit any amount of cash into your accounts, discuss the proper way to document your transactions with your loan officer.
Don’t Make Any Large Purchases
It’s not just home-related purchases that could disqualify you from your loan. Any large purchases can be red flags for lenders. People with new debt have higher debt-to-income ratios (how much debt you have compared to your monthly income). Since higher ratios make for riskier loans, borrowers may no longer qualify for their mortgage. Resist the temptation to make any larg. ...
Saturday, June 18, 2022 / by Teresa DiPeso
Where To Find Free Concerts In The Wildwoods This Summer
The Wildwoods will host FREE concerts four nights a week throughout the summer. Grab your dancing shoes or bring a beach chair, because you won't want to miss all four evenings of FREE live music in the Wildwoods, sponsored by the Downtown Wildwood Special Improvement District, the City of Wildwood, Wildwood Crest and North Wildwood.
FREE Downtown Wildwood Music in the Plaza
Every Thursday, June 23 - September 1
A live band and dance party takes place every Thursday night this summer at Byrne Plaza in Downtown Wildwood, located at 3400 Pacific Avenue. Bring your chair or blanket. The event takes place 7:30 - 9 pm weekly. Parking is FREE. For more information, call 609-523-1602 or visit www.DOOWW.com.
Wildwood Crest Summer Music Series
Wednesdays & Saturdays, June 25 - September 17
The Wildwood Crest Summer Music Series will take place at Centennial Park, located on Fern Road and Ocean Avenue, in Wildwood Crest. Concerts start at 7:30 pm. Bring a blanket or beach ch ...
FREE Downtown Wildwood Music in the Plaza
Every Thursday, June 23 - September 1
A live band and dance party takes place every Thursday night this summer at Byrne Plaza in Downtown Wildwood, located at 3400 Pacific Avenue. Bring your chair or blanket. The event takes place 7:30 - 9 pm weekly. Parking is FREE. For more information, call 609-523-1602 or visit www.DOOWW.com.
Wildwood Crest Summer Music Series
Wednesdays & Saturdays, June 25 - September 17
The Wildwood Crest Summer Music Series will take place at Centennial Park, located on Fern Road and Ocean Avenue, in Wildwood Crest. Concerts start at 7:30 pm. Bring a blanket or beach ch ...
Saturday, June 18, 2022 / by Teresa DiPeso
Should Home Sellers Get a Pre-Inspection? The Pros and Cons
Every home buyer knows hiring a home inspector to check out a property before closing is a good idea. In fact, a home inspection is often a requirement for a mortgage. The trickier question is this: Should home sellers also hire a home inspector to conduct a pre-inspection? That’s where you have an inspector scrutinize your property for problems before it’s even listed.
Is a pre-inspection worthwhile? Let’s take a look at the pros and cons.
Pro: A pre-inspection means fewer surprises
Regardless of who’s doing the hiring, a certified home inspector evaluates about 1,600 items that make up the property’s foundation, structure, electrical, plumbing, and HVAC systems. The purpose is to uncover hidden and potentially expensive problems that could affect the value of the home.
For buyers, the results of a home inspection contingency in a sales contract can empower them to request repairs, reopen p ...
Is a pre-inspection worthwhile? Let’s take a look at the pros and cons.
Pro: A pre-inspection means fewer surprises
Regardless of who’s doing the hiring, a certified home inspector evaluates about 1,600 items that make up the property’s foundation, structure, electrical, plumbing, and HVAC systems. The purpose is to uncover hidden and potentially expensive problems that could affect the value of the home.
For buyers, the results of a home inspection contingency in a sales contract can empower them to request repairs, reopen p ...
Saturday, June 18, 2022 / by Teresa DiPeso
7 Home Buyer Tips For Succeeding In Today's Market
Once upon a time, prospective homebuyers could leisurely peruse a variety of properties in their price range, mull over their choices, put in an offer, and presume they’ll be moving in soon enough. But how things have changed!
In today’s hot seller’s market, scads of desperate house hunters scramble for limited inventory, paying sky-high prices to beat out other bidders.
As the homebuying landscape has evolved, so too must homebuyers, ferreting out a whole new set of insider ploys that can give them the edge in today’s market. To keep you up with the times, here are 7 great tips!
1. Look a little lower
Fixer-upper, anyone? How about an up-and-coming neighborhood? There’s no need to give up your wish list entirely; but in today’s market, you’ve got to get real.
Move-in ready homes with modern finishes sell first. So, you may need to look at the tier just below your maximum price. You could get a better deal and use the extra money to ...
In today’s hot seller’s market, scads of desperate house hunters scramble for limited inventory, paying sky-high prices to beat out other bidders.
As the homebuying landscape has evolved, so too must homebuyers, ferreting out a whole new set of insider ploys that can give them the edge in today’s market. To keep you up with the times, here are 7 great tips!
1. Look a little lower
Fixer-upper, anyone? How about an up-and-coming neighborhood? There’s no need to give up your wish list entirely; but in today’s market, you’ve got to get real.
Move-in ready homes with modern finishes sell first. So, you may need to look at the tier just below your maximum price. You could get a better deal and use the extra money to ...
