Peterson & Associates

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% …

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

82,338 Great Reasons to Buy a Home Today

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation …

82,338 Great Reasons to Buy a Home Today Read More »

5 Things You Need to Be Doing If You’re on a Well Water System

Here are five things you need to be doing if your home happens to have a well water system. 1. Get your water tested annually Wells are prone to contamination, so regular testing of your water quality is tantamount to your health. Home expert Dan DiClerico of HomeAdvisor recommends having a water test done once a year …

5 Things You Need to Be Doing If You’re on a Well Water System Read More »

How Much Leverage Do Today’s House Sellers Have?

The housing market has been scorching hot over the last twelve months. Buyers and their high demand have far outnumbered sellers and a short supply of houses. According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 23.7% from the same time last year while the inventory of homes available for …

How Much Leverage Do Today’s House Sellers Have? Read More »

How to Make a Winning Offer on a Home

Today’s homebuyers are faced with a strong seller’s market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical stage of the …

How to Make a Winning Offer on a Home Read More »

Are There Going to Be More Homes to Buy This Year?

If you’re looking for a home to purchase right now and having trouble finding one, you’re not alone. At a time like this when there are so few houses for sale, it’s normal to wonder if you’ll actually find one to buy. According to the National Association of Realtors (NAR), across the country, inventory of available homes for sale …

Are There Going to Be More Homes to Buy This Year? Read More »