Find Real Estate Investment Tips That Work for You

Important Concerns About Title Insurance Addressed

Posted by on December 7, 2016 in Uncategorized | Comments Off on Important Concerns About Title Insurance Addressed

One of the most important purchases that you can make when buying a home is investing in a title insurance policy. For new homebuyers, title insurance can be rather confusing, which makes learning the answers to questions concerning title insurance a worthy investment of your time. Do All Title Insurance Policies Offer The Same Coverage? Title insurance may be an afterthought to many homebuyers, which can cause them to fail to take the time to closely review the protections offered by the potential policies. While title insurance will typically always protect you in the event of a lien or other direct claim to the property, many policies offer additional protections as well. Protecting you against the results of inaccurate surveys and incomplete or falsified property disclosures. What Happens If There Is A Problem Once The Purchase Is Finalized? In the event that there is a problem with your property’s title or other covered issues, you will need to immediately contact your title insurance company. Typically, these companies will employ a couple of different strategies for protecting their clients against these unfortunate real estate complications. In instances where legal expenses will be required to correct the matter, the insurance company may send their attorneys to handle the matter for you. When there are direct financial damages, such as a lien, the insurance will pay out of the required amount to lift the lien from the property. How Long Will Your Title Insurance Policy Provide Protection? There are some homeowners that may resist buying title insurance due to concerns that they will have another premium that they must pay. However, there is only a one-time cost for purchasing this type of insurance, and it will last for as long you own the property. Additionally, this insurance is usually transferable to heirs, which will allow your loved ones to enjoy the protection of this insurance after you have passed away. How Is A Title Insurance Policy’s Premiums Determined? One of the key factors in determining the cost of your title insurance policy will be the value of the property. Not surprisingly, more valuable properties are likely going to be more risky to insure, which will result in their premiums being higher. Additionally, older homes will typically have higher premium costs than new construction. This results from the fact that the older home will have had more time to develop title issues or disputes. Luckily, your quote for coverage from a real estate title insurance provider will provide an itemized list of the factors that contributed to the decision regarding the...

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Buying An Older Home? Look Out For These Things

Posted by on November 30, 2016 in Uncategorized | Comments Off on Buying An Older Home? Look Out For These Things

There is nothing wrong with buying an older home, with some people even preferring the vintage style of them. That said, you should be on the look out for a few things when you are serious about purchasing an older home. The Age of the Appliances One thing that can easily sneak up on you is the age of the appliances in the home. This includes things such as the furnace, water heater, air conditioner, and sump pump. Even though these things may be in working condition, they could be nearing the end of their lifespan and need replacement sooner than you think. Make sure you look at how old these appliances are, and if they are well beyond their lifespan be prepared to replace it soon after buying the home. You could also request credit at closing from the seller to compensate you for the older appliances, but it is not a guarantee. The Quality of the Windows It’s possible that an older home has windows that are in dire need of replacement. Once again, the windows may still be functional, but not up the standard of modern windows made today. You could have windows that are made with single pane glass, which are not going to be so great when it comes to energy efficiency. You may end up swapping out the windows for new ones shortly after moving in, so be sure to set aside some additional funds for window replacement. The Kind of Foundation Older homes were built on many different kinds of foundations, but if the home is still structurally sound, it means the home’s foundation is well-built. You do need to be aware that some foundations require more attention than others. Foundations made with old brick may have to be sealed, especially if you live in a region that has a higher than usual water table. Go into the home’s basement and take a close at the foundation walls. Is the mortar crumbing? Does it look loose and sandy? It’s a sign that foundation repair may be in your future. With so many things that could be wrong with an older home, it’s tough to navigate all of the issues on your own. That is why it helps to work with a real estate agent from a place like Cudd Realty. They have the experience dealing with older homes that they can give you a heads up on any potential problems that they...

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All’s Well That Ends Dwell: 4 Home Buyers’ Tips for a Speedy Real-Estate Closing

Posted by on November 28, 2016 in Uncategorized | Comments Off on All’s Well That Ends Dwell: 4 Home Buyers’ Tips for a Speedy Real-Estate Closing

Buying a home can seem like a process that goes on forever when you start looking at houses. First, there is the matter of figuring out what you ideally want from a home, and then you need to find one in your area that meets or exceeds your expectations and is within your home-buying budget. Once you find the home of your dreams that you can afford, you may be in a hurry to close the real-estate deal. The good news is that home-selling agents want to help you expedite the process as well. Here are some things that are within your control that can help the real-estate closing happen more quickly. Tip #1: Make a Fair and Generous Offer A home seller is likely to be far more enthusiastic about selling the home to you when you make a fair and generous offer on the property. Although you may be able to save money by putting in a low offer on a house, that can create a sense of ill will from the seller, and it can result in counter-offers and a lot of time that’s wasted if you have a hard time agreeing on a price. Tip #2: Schedule Your Closing Earlier Than You Need If you know that you need to move into your new home by a certain date, be sure to schedule the real-estate closing for a few weeks prior to that date. That may not always be possible, but it is a smart idea because that will enable you to still meet the necessary date even when there are delays in closing. Since delays in closing real estate are common, this is an important step. Tip #3: Put Off Buying a Car or Making Other Big Purchases Try not to purchase a lot of big-ticket items at the same time as your house should be closing. Wait to finance a new car or take out new credit cards until after you have closed on your home. Big-ticket purchases can have an impact on your credit score, and those changes are not always for the better. Since buying a car or taking out a new credit card increases your debt-to-income ratio, that can make mortgage companies and loan officers hesitate when considering whether to approve your home loan. Tip #4: Don’t Switch Jobs Although switching jobs may be inevitable if the motivation for buying a home is moving from one city to another, it’s best to try to avoid changing jobs just before you apply for a home loan. The more stability you can show a mortgage company, the better.  When you have held a steady job for a long period of time, it shows how reliable you are. Finally, keep in mind that there is only so much control that the buyer has when it comes to controlling how quickly the real-estate closing occurs. However, these tips may help move things along and help you take possession of your dream home as soon as possible.  For more information, contact a real-estate...

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Ideas For Making Your Home Feel Welcoming During A Fall Open House

Posted by on November 21, 2016 in Uncategorized | Comments Off on Ideas For Making Your Home Feel Welcoming During A Fall Open House

When you list your home for sale in the fall, it’s probable that you want to sell the home quickly — possibly so that you can be moved and settled into your new home by the holidays. While there are a number of factors that will influence the speed with which you sell the home, it’s in your best interest to make the residence feel cozy and welcoming during your open houses. In addition to the usual pre-open house tasks you perform, such as dusting and vacuuming, take some time to institute these ideas. They can help potential buyers instantly feel at home. Decorate The Front Porch A front porch that feels welcoming is ideal during the fall. At a time of the year when the weather turns cold, a welcoming front porch encourages people to enter the home and generates a feeling of hominess before the front door is even opened. There are a number of suitable ways to decorate the front porch, but a couple of pumpkins can give the area a pleasant, welcoming feel. On the front door, a harvest wreath featuring maple leaves, pieces of straw, small gourds, and other autumn decorations also serve to warmly invite people into the open house. Give The Home Some Autumn Smells There are a number of pleasant smells associated with the season, so make sure that your home smells welcoming before the open house. If you’re an avid baker, consider baking a pumpkin or apple pie in the hour before the open house, and then leaving it on a pie stand in the kitchen. People who attend the open house will feel welcome — and their mouths might be watering, too. Scented candles are also appropriate. Pumpkin spice, for example, is a smell that many people favor at this time of the year. Provide Some Warmth One of the coziest things about entering a home in the fall is going from chilly, windy conditions to a warm environment. To this end, make sure that the heat is turned up in your home. Don’t try to save a buck by turning the thermostat down, as your home could feel cold an inhospitable. Lighting a gas, electric, or wood pellet fireplace can also be ideal. In addition to the heat that these elements provide, they also create a welcoming, homey feeling that potential buyers will instantly appreciate from the minute they walk through the doors of the open...

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Developing Land For Residential Real Estate? Why You Should Consider Townhomes

Posted by on October 31, 2016 in Uncategorized | Comments Off on Developing Land For Residential Real Estate? Why You Should Consider Townhomes

If you purchased a large piece of empty property and you want to develop it for residential purposes, you should consider townhomes. The townhome, or townhouse, often refers to a house that shares one or more of its walls with an adjacent house. However, the homes are entirely separate and function as single homes. Home descriptions in these cases may even refer to them as “single family attached” houses. Here are some more reasons why you should hire townhome builders and develop your property by building townhomes on it. More Square Footage, Less Space Townhouses are built to have more square footage than an apartment. Sometimes they have even more square footage than a condo! What separates the design features of these homes from others is the fact that their construction takes up less space. Since these houses are typically multi-story, unusually shaped to fit the property, and share walls with the next house over, they maximize their use of upward space while minimizing their use of horizontal space. This means that you can get more houses on your property with townhouses than you could with duplexes or single family detached homes. Rent, Rent-to-Own, or Purchase Options Townhouses are often purchased by the persons or families that reside in them. However, as the owner of the property on which these houses are constructed, you could choose to rent the houses or offer a rent-to-own option for any tenants that cannot afford to buy a house outright. Ergo, your property could continue to turn a profit for you after you have developed it. You could also sell some of the townhomes right away to cover development expenses, and then rent out the rest to pay remaining expenses. You Retain an Ongoing Interest in the Property Some land developers will develop property, then sell it and never look back. Others will develop it, but want to retain a continued interest in the property and how it is maintained. If you are part of the latter group, then building townhouses/homes on your property is an ideal situation. You retain the right to return to the property frequently, provide some in-house maintenance, and provide landscaping maintenance to keep the property looking its best. This way the property will continue to sell its homes, or get and retain renters to make you more money. If you opt to rent some of the houses for an ongoing income, you definitely will need to provide some of these...

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Cozy Touches To Complete Before Your Open House

Posted by on October 27, 2016 in Uncategorized | Comments Off on Cozy Touches To Complete Before Your Open House

When you’re holding an open house in an attempt to sell your home, it’s a good idea to spend as much time as is necessary to clean, tidy, and organize each room so that it looks its best. The more time you spend doing this work, the better your home can look to people who are visiting — and you may receive a purchase offer in the next few days. It’s also advantageous to spend some time putting together some cozy touches that people will appreciate noticing upon entering the home. Here are some ideas of simple touches that you can do in advance of the open house. Display Freshly Cut Flowers While it’s true that no one will buy your home simply because there are flowers in one or more of your rooms, fresh blooms can cheer up the room and make prospective buyers feel more cozy in your space. It’s a small price to pay for beautifying your home in this manner. There are numerous places throughout your home that you can display freshly cut flowers. An obvious choice is to have a vase of flowers on your dining room table or on the island in your kitchen. You can also think about having some blooms in a bathroom or in the entry hall of the home. Light Some Candles It’s OK to have lit candles during the open house, given that your real estate agent will be present. Find some special areas that can be beautified by the addition of some flames. Candles on your mantle are always a good idea, while a candle in the bathroom or in the master bedroom can also help to make each room feel cozy. When you select candles for this job, it’s best to opt for the unscented variety. Remember, some people have sensitivities to strong fragrances, and a scented candle might be a bother to some visitors. Play Some Music A little bit of quiet music in the right room can help to show your home’s cozy qualities. For example, if you’re worked hard to make your master bathroom into a spa-like environment, subtly playing a relaxation track from speakers in the room can augment the positive feeling people get when they enter this space. Likewise, a bit of quiet classical music can also make a family room or dining room feel more like home to prospective buyers during the open...

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Buying A Home: Three Smart Actions To Take

Posted by on October 21, 2016 in Uncategorized | Comments Off on Buying A Home: Three Smart Actions To Take

When you have finally saved up enough for a downpayment for a new house, you may be thrilled about the possibility of home ownership and eager to start your search. However, the process of searching for and selecting the home you’ll live in for years can soon become overwhelming. Here are actions you can take to make smart choices throughout the process. Seek Out a Fair Mortgage Looking at different homes for sale is fun, but before you even contact a realtor, you need to be certain that you have the financing for a house settled. That way, you won’t adore a home only to find out you are unable to get a mortgage approval for it. Shop for low interest rates and favorable terms with different mortgage lenders until you get a deal you are satisfied with. You’ll feel a sense of relief when you finally start seeing homes and are confident that you can afford them. Sellers will also be pleased if you are pre-approved, as the sale will go through more rapidly. Have the House Inspected Discovering that a house needs a list of repairs that you weren’t expecting can be expensive and stressful. While the seller is likely to disclose problems with the house before you buy it, if you want to be confident that the home is in good condition, you may want to enlist the help of a home inspector. The inspector will take a look at the entire structure and give you a report about what needs to be fixed right away and what might turn into a problem down the road. The information from the inspector can help you in a number of ways. If you are still interested in the house, you can ask the seller to knock down the price a bit. You can also put a plan in place now to save for repairs you know you’ll need. Find Out about Other Local Sales When you’ve finally chosen a particular home and want to place an offer, it’s important to do everything you can to ensure that the price you are offering to pay is fair and that you aren’t overpaying if that offer is accepted. Ask your real estate agent to find comparable sales of houses in the area to see what they sold for. Some adjustments might have to be made for different amenities and features when comparing your future house to others, but you’ll get an idea of what other buyers have paid. You might want to even have an appraiser give you some idea of what the house is worth so you can feel comfortable that your investment is a sound one. Take the actions above to avoid problems and feel good about the home you buy. Get additional buying pointers from your...

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How A Real Estate Broker Is Helpful When Selling A House

Posted by on October 14, 2016 in Uncategorized | Comments Off on How A Real Estate Broker Is Helpful When Selling A House

Do you need to sell your house in the fastest and smoothest way possible? Marketing a house to potential buyers and going through the selling process is a difficult task when you don’t have the right kind of experience. You can actually have more success with selling your house if a real estate broker is by your side through the process. Below, you will find out why assistance from a real estate broker is a wise decision when trying to sell a house. Appraise Your House for the True Value One of the services of a real estate broker is to appraise a seller’s house. However, the service can only be offered if the broker is properly licensed depending on the state you reside in. Learning the true value of your house will help with setting a fair price and attracting potential buyers. Overpricing your house can lead to your house staying on the market for a long time. Compare the Value of Your House to Competitors A real estate broker can provide a comparative market analysis (CMA) of your house. Basically, a CMA is useful when selling a house because it will let you know how the value of your house compares to competitors. The broker will also let you know why a competitor’s house in the same neighborhood might be worth more than yours. Suggest Improvements That Can Help Make a Sale If your house is not as valuable as you would like for it to be, a broker can suggest improvements. He or she will base the suggestions on the type of features that competitive houses have that yours don’t. For instance, if many of the houses in your neighborhood are equipped with irrigation systems, you might want to get one of an equal value for your house as well. The broker might suggest making changes to interior areas such as the cabinets, countertops, and flooring materials. Thoroughly Market Your House to Buyers You can expect a real estate broker to thoroughly market your house to potential buys via various methods. For instance, the broker will likely already have a list of people who are looking to buy a house.  He or she will also put your house in a multiple listing service database that is accessed by other real estate industry professionals. An appealing for sale sign will be placed in your lawn as well, such as one that is not hard to miss when people drive by. Speak to a real estate broker about your...

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Three Small Details To Note From Pictures In House Listings

Posted by on October 7, 2016 in Uncategorized | Comments Off on Three Small Details To Note From Pictures In House Listings

When you are looking at pictures of homes that you are considering on a multiple listing service, you may be excited to see some of the features that you will get inside of these homes. Some home listings will show small details, including the ceiling trim, while others will take one large photo of the rooms to show an overview of the home. Here are three photographic details that you should take note of in any home’s photos before expressing your interest in bidding.  Take a big look at photos of the exterior A photograph of the exterior of the home can tell you a lot about the house. You will be able to tell how well the front yard has been maintained, see any issues with siding or crumbling bricks, or see any unfixed roof issues. Along with any issues in the front of the home, you will also be able to tell a little bit about the neighborhood. You will be able to see if the other homes look similar or if the neighborhood seems to have homes in many different states of build or disrepair.  Figure out if the home is being lived in When you take a look at the photos of the home, if the furniture looks like it belongs in a showroom, this could be a sign that the home is no longer being lived in. A home without any furniture but looks like it needs some tidying could mean that it was abandoned. It is important to understand the state of the home that you will be getting, so ask your real estate agent on the current situation of a house you are skeptical about.  Determine if anything is being deliberately skipped If a home has a number of detailed photographs but skips a spot or two in the home, this is a time when you should be skeptical. If there are major issues in any room or if a room is unfinished, you may not be able to find an unobstructed view of the space. If you notice this in specific rooms around the home, you may need to view the home in person to determine the true detail. Viewing the home will give you some idea of whether the house is completely finished or needs some work done that has not been revealed in the advertisement.  For more information, contact local professionals like Premier Property Group...

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Location, Location, Location — 5 Ways To Know Where You Should Buy A Home

Posted by on September 30, 2016 in Uncategorized | Comments Off on Location, Location, Location — 5 Ways To Know Where You Should Buy A Home

If you’re looking to buy your first home, you may often hear the refrain, “location, location, location”. Obviously, finding the right location is a key for most experienced home buyers. But, as a newcomer, how can you know what is the right location? What should you look for? Here are the top 5 tips to finding the best location. Neighborhood. A key rule of thumb for many home buyers is to buy the worst home in the best neighborhood. Why? Because you can fix up the home, but it’s nearly impossible to fix up the neighborhood by yourself. Buying a home in a stable, safe, growing neighborhood — even if it needs some repairs or modernization — can give you a great return on your investment when you seek to sell. Schools. Whether or not you are planning to have kids, it’s still important to look at the schools in the area. This is because it is likely to be important to those who will be interested in buying your home when you later decide to sell it. As a first-time home buyer, your home will likely be the kind that is geared toward selling to young families, so don’t underestimate the value of having good schools and kids’ activities in the neighborhood. Access. What type of access is considered “good” in your region may vary. In a city or suburban area, it’s likely to mean convenient access to shopping, restaurants, and other popular activities. It may also mean having easy access to a freeway if you are buying in an area with a lot of commuters. In a more rural area, the term may mean access to lakes or other water spots. Find out what’s important in the area, and look for easy access to it if you want a good resale value. Noise. The noise factor is one item that may make for a bad location. Homes that are near airports or hospitals, university housing, or fire stations can be a turn-off for future buyers due to fear of nighttime noise. Be wary of homes on busy intersections, bordering highways or freeways, or right beside schools, too. If you’re unsure of the noise levels in a certain neighborhood, talk to existing neighbors or visit the area during different parts of the day or week.  Views. Having a view can be more or less important to people, but it’s especially valuable if you buy a home in a smaller city or a rural area. Having the view you want can make up for having to make some changes in the home itself. However, keep in mind that the view can change if development is likely. So, if you do find a location with a view you love, you may want to consider purchasing the view itself.  By knowing what defines a “good location” both for yourself and for your future home buyers, you can help ensure that you find the right home now and that you get your money’s worth when you decide to sell it. For help finding your dream home, contact a real estate agent from a company like GREENVILLE...

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