Homeownership by Movementum Realty Dan Giachetti

Join myself and Ron Stroup of Loan Depot as we dive into some great loan programs that offer zero down payment options.

Join your host Dan Giachetti of Movementum Realty and Ron Stroup of Loan Depot as they dive into the basics of a VA Home Loan benefit for Veterans and active duty military to include national guard and reserves. We will be covering what exactly is a VA Home Loan, and the different benefits and savings are associated with this type of Loan!

In this episode we discuss that when buying a home it is important to do all you can to protect your property from abnormal wear and tear. Make sure to sit down and create a normal maintenance plan to ensure everything is being done. During the home inspection process the home inspector tells us a lot about the general maintenance of your home. Use your home inspection report to generate a checklist of the things that need attention. Choosing to do a little project each week can save you a lot of time and money in the long run. A home left on its own without maintenance will end up in disrepair very quickly at your own personal expense.

In this episode we discuss that during the height of the pandemic market we saw people waving home inspections on the majority of home purchases. Recently we have seen an uptick in the amount of buyers choosing to have a home inspection. Having a home inspection is not required in order to obtain a home loan but there are some standards that must be met based on each loan type. The appraisal is the process where the lender does their property inspection to watch out for major items. Choosing to waive a home inspection oftentimes gives an offer a better chance of getting accepted. That said it puts full liability on the buyer if they purchase the home and something is wrong.

In this episode we discuss that when buying a home it is important to look at all options within your budget. Oftentimes if new construction is within your budget one of the added benefits is less short term maintenance costs. When buying new construction you can before, during, or after the construction process. The more custom you want your home the earlier you need to be involved in the purchase. With new construction it is important to have flexibility on a move in date. With such a large project and so many moving pieces there is a large possibility of delays and changes.

In this episode we discuss that owning a home is a big responsibility that comes with the need to attend to things when bad weather is coming. Failure to secure your property can lead to massive damages that often are not covered by your insurance company. Make sure to keep trees and branches pruned back away from growing over your home to a safe distance. Failure to do so could cause you to suffer a huge property loss in a high wind event. When heavy rains are forecasted make sure to walk your property and think what you can do to divert water. Cleaning storm drains, placing sandbags, testing pumps, extending gutters, and so much more are great ways to avoid a costly flood.