Lake Life is Good Life by Marr/Elliott & Associates

Essential Home Repairs to Make Before Listing Your Lake of the Ozarks Property When it comes to selling your home, ensuring you get the best value for your property requires some proactive measures. Real estate experts unanimously agree on the importance of addressing specific issues before listing your home for sale. Here are the top problems that you should absolutely repair: 1. Water Damage and Mold One of the first things to tackle is any form of water damage, including visible signs of mold or mildew. I always recommend homeowners prioritize fixing any remnants of water damage. Water damage not only poses a significant problem for a home but also raises concerns for potential buyers about the overall condition of the property. Cosmetic repairs after a repair has been made are a necessary final step! Water stains after a roof have been repaired or leaking dishwasher has been replaced can create unneeded stigma in the eyes of a buyer.  Signs of water damage trigger worries ...

Recently, new lending guidelines are making it easier for single, non-married individuals. The introduction of new lending rules has been a game-changer, offering a more equitable platform for these buyers. These changes are making the dream of homeownership more accessible and fair for single home buyers. Understanding the New Lending Rules Historically, the lending environment has been skewed in favor of married couples or joint borrowers, often leaving single applicants at a disadvantage. The new rules, however, introduce several key changes: Income Consideration : Lenders are now required to consider a wider range of income sources, including part-time jobs, freelance income, and even potential rental income from a portion of the property. This is particularly beneficial for single buyers who may rely on diverse income streams. Debt-to-Income Ratio Flexibility : The revised regulations offer more leniency in the debt-to-income (DTI) ratio. This shift acknowledges that single buyers...