Costello Real Estate & Investments Blog | Costello REI

9 Reasons You Need a Real Estate Agent

Whether you're selling a home or buying one in Charlotte, Raleigh, or Fort Mill a Realtor® is a must. There are so many good reasons to go into this massive financial transaction with an expert by your side. While you may be able to do it yourself, this type of transaction should never be treated as a DIY project.

Are you well-versed in real estate law? Do you understand any recent changes to the laws impacting real estate? Are you familiar with homeowner's associations in the area? Do you know Charlotte's neighborhoods like the back of your hand?

Unless you answered YES to all of these questions, you NEED a Realtor®. Here are several great reasons why you should always hire a Realtor® when buying or selling a home.

It's a Huge Financial Transaction

For most people, buying or selling a home will be one of the largest financial transactions of their life. Hiring an expert to ensure the "t's" are crossed and the "i's" are dotted is just smart. Without an expert by your side, one small mistake could end up costing you thousands of dollars.

Realtor's ® are Expert Negotiators

We all like to think we are great negotiators, but you probably don't negotiate for a living. Realtor's ® negotiate real estate deals every single week and they know exactly what to expect.

Selling and buying real estate comes with plenty of challenges. One of the main challenges is making sure you can...

What You May Not Know About Plaza Midwood

Plaza Midwood is very popular and it's one of the oldest neighborhoods in Charlotte. You may know quite a bit about this amazing neighborhood, but you may not know it all.

The neighborhood is known for the incredible restaurants, unique bars, thriving culture, and arts scene and so much more. It's a true Charlotte institution and one of the best neighborhoods in the city. If you are a foodie, are an avid music enthusist, or an Art lover this neighborhood is perfect for you due to its rich and eclectic culture

Plaza Midwood is also a great place to call home with plenty of wonderful homes. Many of the houses here are historic and have been well preserved. There's also some new construction on the larger streets, as well as, condos and apartments. Many residents love the fact that the neighborhood is very walkable.

If you're considering moving to Plaza Midwood, you'll want a real estate agent familiar with the area. You will also want to learn all about the neighborhood and it's thriving culture!

While you may know some of the main facts about Plaza Midwood, you may not know everything. Here are some of the top things you may not know about Plaza Midwood.

WBT Radio Station

F.M. Laxton is a famous early resident from Plaza Midwood. He set up a radio transmitter in his backyard chicken coup back in the 1910s. Eventually, he became the founder of the WBT radio station, which was only the third licensed station in the entire county. This caused Charlotte to become a hotspot for music recording...

What to Ask Your Lender When Buying a House

The home buying process can be both exciting and stressful. Becoming informed and hiring the right real estate agent are two of the best ways to take the stress out of buying a house. While you certainly want to be informed on the buying process, you should also know what to ask your lender.

A big part of buying a home is taking out a mortgage. If you don't ask the right questions, you may end up with the wrong lender or loan. Here are a few of the most important questions to ask your lender when buying a house.

Which Loan Program Works Best for Me?

Every situation is different and if you don't ask this question, you may get a program your lender wants to sell you, not the right one for you. Whether you work a regular job or you work for yourself, there are likely multiple loan programs you qualify for with most lenders.

Our Partners at Movement Bank are here to help! Contact Team Romero today to get a head start on your loan process or with any questions that you might have in reference to getting pre-approved.

A good lender will take the time to get to know you and will figure out which mortgage is best for your situation. Make sure your lender does this or you may get stuck with a program that isn't right for you but paid the account executive a better commission.

How Much Will My Down Payment Be?

You don't need any surprises in the home buying process. However, with the current market, you may be surprised that you don't neccisarly need the traditional 20% down to buy a home. Before you go any further, find out how much the lender...

A First-Time Homebuyer's Guide to Buying a House in 2019

Buying your first home should be exciting. However, it often comes with plenty of stress and can become rather overwhelming.

Last year, the real estate market experienced rather low inventory and many buyers were demanding affordable housing. This made the market sway towards the seller and buyers had to be on their toes to get the home they really want for a price they liked.

Regardless of whether it's a buyer's market, seller's market, or a balanced market, as a first-time homebuyer, you need to know what you're getting into. If you're planning to buy for the first time this year, here's a quick guide to help you along the way.

Your Credit Matters, so Start with Your Score

Pull your credit score and find out what it is. If you have poor credit, it's time to start here and work on getting your credit score up before you even attempt to buy a home. Even if your credit is good, but not great, you may want to do some work in this area first.

Your credit score will be used by any lender you try to get a mortgage from. They will pull your credit report and look at the score to help determine if you qualify and how good of an interest rate you may qualify for.

Speak to a Lender

After you've seen your credit score, it's time to speak to a lender. While not all will take your call and answer your questions, the ones that will are the ones you will work with when it's actually time to buy your first home. We recommend contacting Team Romero with Movement Bank.

Talk to them about your credit score and what it means for your down payment, potential interest rate, and loan...