Peterson & Associates

How Colors Affect Your Mood Plus 4 Ways to Use It to Your Advantage

Color can have a powerful effect on the way we feel when we walk into a room. Certain shades can trigger feelings of warmth and comfort, inspire joyful spirits, or establish a soothing ambiance. It all comes down to color theory, which attempts to explain how humans perceive color and how different hues relate to each other. “The …

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How to Bridge the Appraisal Gap in Today’s Real Estate Market

It’s never been more important to understand the appraisal process and the risks involved. It’s also crucial to work with a skilled real estate agent who can guide you to a successful closing without overpaying (if you’re a buyer) or overcompensating (if you’re a seller). Find out how appraisals work and in some cases, don’t …

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Why You Need to Make Sure Your Home Isn’t Underinsured

Just like all drivers need car insurance for their vehicles, all homeowners need insurance for their homes. However, many homeowners don’t have as much insurance as they should, which can be devastating if something happens to their home. In the United States, roughly two out of every three homes does not have the proper amount …

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4 Tips to Maximize the Sale of Your House

In such a hot market, houses are selling pretty quickly. According to the National Association of Realtors (NAR), homes are typically on the market for just 18 short days. Despite the speed and opportunity for sellers, there are still steps you can take to prep your house to shine so you get the greatest possible return. 1. Make Buyers …

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Don’t Forget to Budget for Closing Costs

When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According to Trulia: “When you close …

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What is an FHA Loan and Is It Right for You?

The Federal Housing Administration insures what are called FHA loans. These mortgage loans provide opportunities for buyers with less-than-perfect credit or limited down payments to purchase homes, but they aren’t without potential pitfalls. FHA loans are available to borrowers with a credit score of at least 580, and you have to make a minimum 3.5% …

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