Argelia Morales Realty ONE Group West of the Gateway

When buying a home, many first-time buyers focus on the down payment and mortgage payments but overlook several hidden costs that can add up quickly. Here are some of the most common hidden costs:

1. Closing costs: loan origination fee, appraisal fee, title insurance, attorney fees, home inspection fee, etc.

2. Property taxes: These vary by location and are based on the assessed value of your property and are often rolled into your monthly mortgage payment.

3. Homeowners insurance: Lenders typically require homeowners insurance, and it’s another cost that’s often included in your monthly mortgage payment.

4. Maintenance & repairs: Both routine maintenance and unexpected repairs should be budgeted for.

5. Utilities & HOA fees: Utility bills may be a bigger expense if you are upgrading from a small apartment to a full family home. Neighborhood online groups can help give you an idea of what your utilities may cost in comparable homes in your area. While not everyone has an HOA fee, it’s important to know if you do and what the cost will be.

Being aware of these hidden costs and budgeting for them can help you avoid financial surprises and ensure a smoother home-buying process.

Today, we remember the heroes, honor the victims, and stand united in strength and resilience.

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Your credit score can play a significant role in the home-buying process, particularly in securing a mortgage and determining the terms of your loan. Lenders use your credit score to assess your creditworthiness. A higher score indicates that you are a lower-risk borrower, making it easier to qualify for a mortgage. Certain types of loans, such as conventional mortgages, typically require higher credit scores, while government-backed loans like FHA, VA, and USDA loans may have more lenient credit score requirements. Your credit score directly affects the interest rate on your mortgage. A higher credit score typically results in a lower interest rate, which can save you tens of thousands of dollars over the life of the loan.
If your score isn’t quite where you would like it to be, don’t fret! You can take steps to improve your credit score, from ensuring you pay bills on time to limiting new credit inquiries, any increase will help lead to lower interest rates, better loan options, and lower overall costs, making it an essential aspect of the home-buying process to focus on.

Location is one of the most critical factors when buying a home because it can significantly impact your lifestyle, property value, and long-term investment.
From proximity to school or your workplace to property taxes to resale value, there is plenty to consider when choosing where you want to buy. Sit down and make a list of what matters most to you, considering how much location can impact.
Location affects not only the immediate living experience but also the long-term financial viability of your home investment. Choosing the right location is crucial to ensuring that your home meets your needs and holds its value over time.

Understanding your budget for buying a home involves several key steps. Here’s how to go about it:

1. Assess your financial situation! What is your total income, expenses, and savings.

2. Determine your debt-to-income ratio. This is the gross monthly income that goes towards paying debts. The typical goal is 36% or lower.

3. Get pre-approved for a mortgage. This gives you an estimate of how much you can borrow based on your financial profile

4. Calculate your down payment and factor in closing costs. Your down payment can vary depending on the type of mortgage or loan you plan to use and closing costs typically range from 2-5% of the purchase price.

5. Estimate your monthly mortgage payment. A mortgage calculator can help you with this and from there, you can ensure that payment comfortably fits within your budget.

🏠 Thinking about selling your home without a realtor? Think again! You might just end up leaving money on the table! 💸

With my expertise, we can price your home just right and make sure you get every dollar you deserve! Let’s maximize your profit and make the selling process smooth and stress-free! 🎯

Ready to sell smarter, not harder? Let’s chat today! 📞💬

👉 DM me to schedule a free home valuation and discover how much your home is really worth!

Happy Labor Day!

The 1 percent rule is a good standard because it's so easy to remember. Just put aside 1 percent of the total purchase price of your home for home maintenance repairs. A $250,000 home would require you to save $2,500 annually, or about $209 per month.
Remember this is a rough estimate that doesn’t consider labor costs or materials, and other factors can contribute to this base price. It is a great starting place to ensure any unexpected expenses can be taken care of without stress.

Congratulations to this amazing couple on buying their first home! 🏠🎉 It’s been a pleasure to help you take this exciting step into homeownership. Wishing you countless happy memories in your new place! 😊

Thinking about buying or selling a home? Let me help you unlock the door to your next chapter! 🗝️🏡 Contact me today to get started!

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Tuesday Mornings are for final walkthroughs 🙌
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So you’re getting ready to buy a house. Congratulations! Before you start picking out decor, there’s something you need to consider: Is your budget ready to handle monthly mortgage payments?

If you’re not buying with cash, this is an important question to ask. Knowing what can be included in a monthly mortgage payment and how much home you can actually afford are key steps to finding a home that will fit your long-term goals.

To get a better grip on what you’re paying, why you’re paying it, and for how long, consider this list of what can be included in a typical monthly mortgage payment and ask questions about any items you are unsure about!

✨Your Dream Home Awaits in San Luis!✨

Searching for the perfect 3-bed, 2-bath home? Look no further!
This gem is just waiting for your personal touch.
Stay cool all summer with a brand-new AC, and enjoy the convenience of a new water heater, microwave, and stove—all installed this year.
With endless potential, this home is ready to be your canvas.
Come fall in love and make it yours today!
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Getting your house ready to sell involves a combination of cleaning, repairing, and staging to make it as appealing as possible to potential buyers. Here’s a checklist to help you prepare your home for the market:

1. Clean and Declutter
2. Make Necessary Repairs
3. Enhance Curb Appeal
4. Stage the Home As Needed
5. Set the Right Price
6. Prepare for Showings
7. Work with Professionals

By following these steps, you can enhance your home’s appeal, attract potential buyers, and potentially achieve a quicker sale at a better price.

🏡 My clients are soo excited —their dream home is almost complete! 🎉🔑

Next up: the final walkthrough next week

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Curb appeal is crucial for several reasons, particularly when it comes to selling a home:

1. First Impressions: Curb appeal is the first impression potential buyers have of a property. A well-maintained exterior can create a positive initial impact, making the home more attractive and inviting.

2. Increased Value: Homes with strong curb appeal often have higher perceived value. Buyers are willing to pay more for a property that looks well-cared-for from the outside, as it suggests that the home has been maintained throughout.

Investing time and effort into improving curb appeal can significantly impact the attractiveness and value of your home, making it a worthwhile consideration for both sellers and homeowners looking to enhance their property.

San Luis ,AZ trip to do additional marketing on my listing 🏠

Successfully managing the sale of your current home and the purchase of a new one requires careful planning and coordination. By understanding these aspects and seeking professional help, you can make the process smoother and less stressful. Know that you’re not alone: 71% of buyers are also, simultaneously, sellers. The key to success on both ends of the deal is having a realtor to guide you through. If you’re feeling overwhelmed or uncertain, the best thing to do is to talk to a pro who can ease your worries. We are here to help you through every step of the journey - let’s talk today!

Your dream home is more than just a place—it's the foundation of your future. Let's build it together with passion and purpose! 🏡✨

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**Your Dream Home Awaits in San Luis!**

Searching for the perfect 3-bed, 2-bath home? Look no further! This gem is just waiting for your personal touch. Stay cool all summer with a brand-new AC, and enjoy the convenience of a new water heater, microwave, and stove—all installed this year. With endless potential, this home is ready to be your canvas. Come fall in love and make it yours today! 😄
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Skipping a home inspection can be risky for several reasons. Home inspections reveal potential problems that may not be visible during a casual walkthrough. This can include structural issues, electrical or plumbing problems, and issues with the roof or foundation. Identifying issues before purchasing helps you avoid unexpected repair costs. If major problems are found, you might be able to negotiate repairs or a lower purchase price with the seller. Overall, a home inspection is a crucial step in the home-buying process that helps protect your investment and ensures you’re making a well-informed decision.

Off to another listing appointment on this beautiful Thursday morning!

Preparing your kids for a big move can help ease the transition and minimize stress. Here are some tips to help your children adjust to the change:

• Communicate Early: Let your kids know about the move as early as possible. Use age-appropriate language to explain why you’re moving and what they can expect. This helps them process the information gradually.

• Involve Them in the Process: Give your children a sense of control by involving them in the moving process. Let them help with packing their belongings, choose colors for their new room, or even select new furniture if possible.

By addressing your children's needs and feelings during the move, you can help them transition more smoothly and start enjoying their new home.

It’s signing day for my awesome buyer! Soon he will be getting the keys to his brand new home 🏠

Before making any big career moves while buying a home, hit pause and talk to your lender first! 🏡💼 A quick chat could save you from a financing hiccup. Let’s keep your home-buying journey smooth!

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Celebrate every step on your journey! 🎉 Don’t wait until the finish line to feel proud—every step counts.

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Home buyers often place a high value on storage for several reason. Ample storage helps keep a home organized, reducing clutter and making it easier to find and access items. Buyers appreciate the ability to neatly store personal belongings, which enhances the home's overall functionality and appeal. Good storage solutions maximize the use of available space. Features like walk-in closets, built-in shelves, and cabinets make a home feel more spacious and efficient, which is particularly appealing in homes with limited square footage. Overall, ample storage enhances a home's functionality and livability, making it a highly sought-after feature for many buyers.

There are several myths about buying a home that can mislead prospective buyers. Some of the most common are listed here. While the internet is a great source of information, it will always serve in your best interest to check in with real estate professionals when you aren’t sure. Being aware of these myths can help you make more informed decisions and avoid common pitfalls in the home-buying process.

Happy International Cat Day 🐈
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The time it takes for a home buyer to find a house can vary widely depending on several factors. These can include market conditions, location, price range, and certain personal circumstances. On average, in a balanced market, buyers might find a home within a few weeks to a few months. In highly competitive markets, it might take longer as buyers need to act quickly and may face multiple offers on desirable properties. It’s also not uncommon for buyers to take several months or even over a year to find the right home, especially if they have very specific requirements or are waiting for market conditions to shift.