RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Mortgages Average 47 Days to Close

March 29, 2016 1:48 am

Given market conditions—and regulation changes—the time needed to close a mortgage loan currently ranges anywhere from 44 to 50 days. According to a recently released Ellie Mae® report, the breakdown averages are as follows:

Purchase Loans – 48 days

Refinances – 44 days

FHA Loans – 47 days

VA Loans – 50 days

“This could be due to lenders becoming more familiar with the new loan estimate and closing disclosure forms and business process around Know Before You Owe,” explains Jonathan Corr, president and CEO of Ellie Mae.

The average 30-year rate across all loan types fell to 4.22 percent last month.

Source: Ellie Mae®

Published with permission from RISMedia.


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10 Touch-Ups for a Show-Ready Home

March 29, 2016 1:48 am

When selling your home, it pays to touch up the paint. The higher perceived value of a maintained home is well-documented, and there's no easier (or more economical) way to give the impression than with some fresh paint.

Before placing your home on the market, complete these 10 touch-ups:

1. If you want buyers to consider your home, make sure the front door is well-painted. A fresh coat of paint will make a great first impression.

2. Next up is the entrance hall, where buyers will get their initial glimpse of the interior. At the very least, touch up areas where the paint shows marks or chips.

3. Bathrooms often receive extra scrutiny from buyers, so give them extra attention. Touch up as needed.

4. Size does matter when it comes to the kitchen. If you want to make yours look bigger, paint the walls white or off-white. If repainting is not an option, remove food stains from the walls and conceal water spots by applying primer, then touch-up paint.

5. Assess your windowsills, especially if the view is a selling point. Sand, prime and paint them as needed.

6. Check your woodwork. Touch up chipped or marred paint on chair rails and floor molding.

7. Inspect areas that come in contact with soiled hands—window frames, door frames, edges of doors, and walls around light switches. You may be able to clean them if you used a glossy paint; if not, do more touch-ups.

8. Scrub cabinet doors clean of fingerprints, if possible, or touch up painted areas.

9. Water stains on the ceiling are a huge red flag for buyers. Be sure to prime and re-paint these potential deal breakers.

10. Put the finishing touches on your home. Look for stray flecks of paint, as well as marks and stains. Conceal them with some touch-up paint, and your home will be good to go...and show!

Source: The Paint Quality Institute

Published with permission from RISMedia.


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