Tuesday, June 26, 2018
Buying and Selling a Home on the Same Day
4:37 pm cdt
Whoa, it's been a busy summer! I have been so busy helping clients buy and sell. What's the most
common thing I've seen? People buying and selling on the same day. It's required sometimes, but it can be precarious. Here's
a few tips I have if you're doing a buy/sale on the same day.
1) Schedule your movers to
move your belongings out the day prior to closing. Buyers do not want to do a walk through of your home prior to closing and
see your belongings still there, or that you are still moving out. Buyers want to see your home clean and empty.
2) And speaking of clean and empty, don't leave trash in the home. Don't leave stuff in the fridge or the
freezer. Broom clean condition is required, a professional cleaning service is nice. Don't leave big furniture or mattresses
in the home that you don't want for the new buyer to deal with.
3) Let your
attorney attend your sale in the morning with your pre-signed documents. You don't need to be there and you have other things
you can be doing during that time. You don't need to attend the sale of your home.
DO however, need to attend the purchase of your new home, unless you've made arrangements with your lender and attorney to
5) Don't schedule movers for 1:00 when your buy is at noon. Give yourself
at least three hours for closing. They usually don't take that long, but are sure to if you have a moving truck sitting outside
your new home.
6) RELAX! Things don't always go perfectly when you're trying to coordinate
a million things. Let your real estate professionals help you and handle the details.
Tuesday, April 17, 2018
Spring Is Here!
3:59 pm cdt
OK, well it may not seem like it with the late season snow we've been getting, but spring is here.
The market is crazy and homes are flying off the market. Everyone I'm talking to says there's way more buyers out there than
inventory. If you've been hesitant to put your home on the market and buy something new, I think now is the time. Rates are
still low and lots of Sellers are selling their homes in record time, some with multiple offer situations. Don't sit on the
fence too long!
Wednesday, January 31, 2018
The Spring Market is Upon Us!
Believe it or not, the Super Bowl is this weekend. I'm a Vikings fan, so I'm a little salty about my
team not being able to have a home advantage for the big game, but Super Bowl weekend also typically marks the beginning of
the spring market in real estate. Are you ready?
12:58 pm cst
Thursday, October 26, 2017
12:19 pm cdt
Fall is definitely here, and if you're a pumpkin fan, this is the time of year for you! (I hate anything
pumpkin so I can't relate LOL). I've seen an upswing in business from the beginning of the month with people getting out there
again to buy or sell a home before the holidays. It can be done!
Also, for your viewing
pleasure, I'm updating some of the pics on my website. Enjoy and Happy Halloween!
Tuesday, October 10, 2017
If you're thinking about buying a home but are turned off by the time of year, don't fret! There's still
time to find a home and close before the holiday season starts! Remember to make sure you hire a qualified real estate agent,
inspector and real estate attorney.
11:54 am cdt
Friday, July 21, 2017
Did You Find Me on Yelp! or Google?
3:46 pm cdt
I've been getting so many new
client calls lately, thanks to the the magic of the internet. And I am SO grateful!
These particular clients who left this amazing review on Yelp! and Google were such a
pleasure to work with. They moved to Florida, and I really felt like I was have a family member move away!
Thanks, guys, for the review below:
"We chose Rachell Horbenko because of the fantastic reviews on Yelp! And she lived up to everyone of
those reviews. Rachell is a super lawyer, she's honest, caring and very professional. I used her services to handle the closing
on my home. She is the lawyer you want to have on your side. She cares about you and your specific project like you're the
only one she is working with. She is so personable and easy to work with and made both my wife and I feel like we had known
her for years... like a close a friend! Rachell, has the knowledge and the drive to give you excellence and to give you all
you deserve. She is very knowledgeable in many areas of law and was able to provide much needed wisdom beyond the scope of
our closing! When you choose her you need not look any further you have the best!!"
Tuesday, July 11, 2017
Summer Is In Full Swing!
4:13 pm cdt
Summer is half over, and this year has been completely insane!
I've definitely seen an increase in the amount of people able to sell their homes without losing their shirts versus last
If you're thinking of upgrading (or downsizing),
now may be the time. Rates are low and the market for sales is HOT!
Friday, May 26, 2017
6:05 pm cdt
Taking this time to say "thank you" to all those who gave their lives serving our country.
Fly your American flags this weekend if you don't already.
Also, check out my facebook
page The Law Office of Rachell M. Horbenko and give it a Like!
Tuesday, April 4, 2017
Pending Home Contracts Exceed Expectations!
12:13 pm cdt
Pending home sales made an unexpected jump in February, leading contract signings to their second
highest mark since 2006, according to the National Association of Realtors.
pending home sales index showed a 5.5 percent jump in homes under contract, a surprising bump from its prediction of
2.5 percent. That puts February’s pending homes total at the highest level since April 2016 and the second highest level
since 2006, according to NAR.
Lawrence Yun, NAR chief economist, said February’s
numbers were boosted by unseasonably warm weather that led to an early start to the Spring home sale market. The numbers are
proof that 2017 could be another year of positive growth for the housing market.
came back in force last month as a modest, seasonal uptick in listings were enough to fuel an increase in contract signings
throughout the country,” Yun said in a press release. “The stock market’s continued rise and steady hiring
in most markets is spurring significant interest in buying, as well as the expectation from some households that delaying
their home search man mean paying higher interest rates this year.”
may not last long, however. Because housing inventory is at historic lows across the country, there are not enough houses
to replace the ones under contract, Yun said. That is especially the case with lower-and-mid-market homes.
homes most buyers are in the market for are unfortunately the most difficult to find and ultimately buy,” Yun said.
“The country’s healthy labor market is translating to great job security, but affordability is not improving because
home prices in some areas are still outpacing incomes by three times or more because of tight supply. How much new and existing
inventory there is on the market this spring will determine if sales can reach their full potential and finally start reversing
the nation’s low homeownership rates.”
Contract signings increased 11.4 percent
in the Midwest, 4.3 percent in the South, 3.4 percent in the Northeast and 3.1 percent in the West, according to NAR.
Wednesday, November 30, 2016
Helpful Pointers for First Time Home Buyers
9:16 am cst
Buying a home can be overwhelming. Sometimes you may feel like gathering paperwork and communicating
with your team is another full time job! Here are some tips to help make the process more stress-free.
1. Don't Make Large Purchases Before You Apply For Your Loan: This is a big one. Lenders look at your
credit score during the application process, and then again just before closing. Keep your credit profile clean. If you accumulate
a bunch of debt just before, or during the process, it can cause your loan to be denied. Don't make any large purchases before
your closing, either. Lenders will look at your score again just before closing, and it may cause issues.
2. Don't Worry About Whether It's The Right Time: Any time is the right time to buy a home. This time
of year, people shy away from buying because of the holiday season. Don't stress. You can't predict the housing market, and
you might miss out on a great opportunity.
3. Don't Focus Just On The Rate: There
are other costs involved with buying a home. Don't focus on the rate only. There are HOA fees, insurance, taxes, and closing
costs that need to be paid as well.
4. Hire A Home Inspector: Do NOT buy a home
without hiring a home inspector. This is NOT the area to be trying to save money. It will be the best $300-500 you spend.
A home inspector will give you the complete picture of the condition of the home, let you know what maintenance items to budget
for, and keep you from buying something you'll regret.
5. Hire A Real Estate Attorney:
Again, no skimping on this. Lawyers are important to the process (and I'm not just saying that because I am one). You'll
need someone to review title, deed and loan documents. You'll need an advocate for attorney review and home inspection items.
The $400-800 you spend on a lawyer is another great investment to ensure things are right at closing.
Scope Out the Neighborhood: Before you make a purchase, check out the neighborhood. How close is it to things you need
to get to? Do you need public transportation? Is it close to the grocery store? Your kids' school? Drive by the house at different
times of the day and evening. You may love a neighborhood during the day, but may hate it at night.
Relax: Home buying is stressful. But it's also supposed to be fun. Don't stress about the little things, and listen to the
people you've hired to help you - lender, Realtor, attorney, home inspector. We have done this thousands of times. We know
how things go. Take our advice.