Find Real Estate Investment Tips That Work for You

3 Reasons To Utilize A Real Estate Title Service

Posted by on April 29, 2016 in Uncategorized | Comments Off on 3 Reasons To Utilize A Real Estate Title Service

One of the most useful businesses at your disposal when purchasing a home or piece of property is a real estate title service, mostly because utilizing one of these services can help you avoid potential issues in the future. Listed below are just a few of the reasons to hire a real estate title service. Determine Clear Ownership One of the most important reasons to hire a real estate title service is to determine exactly who owns the property that you are interested in purchasing or determining if the person or company offering the property for sale is authorized to make the sale. This is very useful in avoiding any potential scams or fraudulent behavior where someone may put up property that they do not actually own and then disappear with your down payment or earnest money. This service also helps you avoid time by ensuring that you know exactly who you must deal with in order to make an offer on a piece of property.  Look For Any Financial Issues Another reason to have a title service look into a piece of property for you is that they will be able to tell you if there are any financial obligations on the property, such as owed taxes or legal judgments against the property or current owner. This is very important information to have as the property may not be able to be sold legally until those issues are cleared or you may end up being liable for those judgments, owed taxes, or liens after you purchase the property.  Perform A Property Survey Finally, a real estate title service can help you out by performing a property survey in order to determine if anyone is using the property you wish to buy illegally. For example, if a neighbor is encroaching on the property, it can make it very difficult to get title insurance due to the fact that there may be an ownership dispute over the land. Title insurance is vital as once it is issued it will protect you financially if you purchase the land but another person comes forward afterward claiming that the land is his or hers. In that situation, if the person claiming the land is correct and the title company made a mistake, the title insurance will usually pay you for the home and repay your mortgage lender for the amount of the loan. Contact a real estate title service like TitleSmart today in order to discuss the many ways in which they can help you with your next real estate transaction. This type of service can determine if a title is valid by determining who actually owns the property and if any money is owed in relation to the property while also performing a survey of the property to ensure that the boundaries are not being encroached upon by a...

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Three Ways To Enjoy Hawaii Without Committing To Moving There

Posted by on April 27, 2016 in Uncategorized | Comments Off on Three Ways To Enjoy Hawaii Without Committing To Moving There

If you have always thought about seeing Hawaii, but you do not like the idea of paying hotel and lodging fees with each visit, there are ways around some of these costs. You could move to Hawaii, but if you like living where you are, that may not be the best option for you. Instead, consider one of the three following ways to enjoy Hawaii without moving there or becoming a semi-permanent resident. Timeshare in Hawaii If you can afford to fly to Hawaii once or twice a year, then it might be in your best interests to consider a timeshare. This is a real estate investment option that allows you to rent vacation homes in Hawaii (and other places of interest) for a flat, annual fee. You work with other investors to set up a schedule so that everyone that has a share in the property can visit it equally during the year. The schedule is also set for times and dates that work out well for everyone. Sometimes it is even possible to exchange a week or two in your scheduled time in the property with a week or two in somebody else’s scheduled time. The other person or family must agree to the time swap. House Swap in Hawaii Consulting with real estate agents in Hawaii and certain apps that focus on house-swapping, you could easily visit Hawaii any time of the year simply by agreeing to swap houses with another person or family. This has become a very popular practice for people who only want to be part-time occupants of another city, state or country. Just be sure to screen the other house-swappers carefully before you commit to any agreement or arrangement. (One way to ensure that only the nicest people swap houses with you is to go through a real estate agent, who screens people for you before signing a contract to swap houses. The real estate agents can even facilitate the contract for house-swapping so that some rules are established and there are legal consequences if the rules are not followed.) Vacation Rental in Hawaii If a timeshare is too expensive, and the thought of allowing strangers into your home too scary, then maybe you would like to try a vacation home rental in Hawaii instead. Vacation rentals allow you to rent out houses that belong to other people, who, for whatever reason, do not regularly occupy these places and opt to rent them out as vacation homes instead. Most rates for vacation home rentals are pretty reasonable, even in Hawaii. The major perks here are that you can rent any house that is available at any time of the year with no major commitment. You also have the freedom and the ability to cancel your plans and your rental with reasonable notice. Click here to learn more about vacation homes in...

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Want A Cat-Friendly Home? 4 Features To Look For In Properties Before Buying

Posted by on April 20, 2016 in Uncategorized | Comments Off on Want A Cat-Friendly Home? 4 Features To Look For In Properties Before Buying

Before you start house hunting, you want to figure out exactly what you want and need in a home. However, you cannot just think about you and your spouse, you have to think about children and pets. If you have cats, intend on having cats, or even want to foster felines, you may want to look at properties with cat-friendly features. It is easier to move into an already cat-friendly home than it is to make a wide variety of changes or additions that cost both time and money to make happen. Optimal Flooring The flooring is a huge feature that you need to take into consideration, especially because your cats are going to spend a lot of time walking, laying, and playing on the floors throughout your home. It is ideal to look at homes with vinyl or tile flooring as they are both resistant to damage and easy to clean. Lots of Windows Cats love looking outside at nature, people, or whatever they can set their eyes on. However, windows without a thick windowsill or perch are just not ideal for watching outside. It is helpful to look at houses that not only have lots of windows to give your cats viewpoints from every corner of the house, but ones that provide them with enough space to get comfortable while enjoying the view. Fenced Yard Outdoor cats have a much higher risk of getting injured compared to indoor cats. However, you can fix this by moving into a house with a fully fenced yard. This will allow you to add netting or coyote rollers to the top of the fence to prevent your cats from being able to escape from the yard. It is a great way to encourage exercise by getting them outside where they can play with each other and run around. High Places Although it is highly unlikely that you will find a home designed just for cats, you can certainly take note of features that your cats would love to use. Cats like high places for a variety of reasons, so it makes sense to prioritize properties that are able to provide them with things that they enjoy. As a cat owner, you want to do everything you can to make sure your cats are happy. Looking at cat-friendly properties will ensure that you are able to give them what they want and need right away. If you’re searching for a house, reach out to a local real estate agency, such as Lori Cordero – South Bay Residential Real...

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Tips For Keeping Cockroaches Out Of Your Home

Posted by on April 18, 2016 in Uncategorized | Comments Off on Tips For Keeping Cockroaches Out Of Your Home

If you are a homeowner or an apartment dweller, you are going to want to make sure that the place where you live is free from bugs or anything else that you don’t want to deal with. This is important because having bugs in your home can make it feel less safe. Here are some tips for keeping cockroaches out of your home. 1. Take the Trash Out Nightly You might worry that this is going to cost you a lot of money in garbage bags, but taking your trash out nightly has the potential to do wonders for keeping cockroaches out of your home. Cockroaches are attracted to the scent of food and are going to come in if you leave food on your tables. You know this already. However, cockroaches can even smell food in the trash. Try to take out your trash each night so that there is not a lot of food in the garbage can at night. This will keep you from waking up to cockroaches all over your kitchen in the morning. 2. Get Rid of the Crumbs Next, you might be vigilant about not leaving food on dishes and putting those dishes in the sink without washing them. You might also be vigilant about wiping off the table so that spilled punch is not going to attract bugs with its sugar. You might not be as vigilant about making sure that the crumbs that fall to the floor are swept up. Make a nightly habit of sweeping or vacuuming under your table or anywhere else people are eating food in order to make sure that there is absolutely nothing attracting cockroaches to your home. 3. Use Hot Sauce Spray Take a spray bottle and fill it a third of the way with hot sauce and the rest of the way with water. Shake until the hot sauce and the water have completely mixed. Then, spray areas where you suspect cockroaches are coming in or anywhere you might have seen cockroaches. This will dissuade cockroaches from coming into your house and risking being exposed to a substance that causes them pain. 4. Spray Roaches With Mint Oil Finally, if you see a roach, spray it with mint oil. This will cause it to suffocate and die. It is safe to use around children and will allow you to kill the cockroach before it is able to send out signals to other roaches that it has found food. For more information, talk to a company that specializes in pest control. Find out more here or do an online search....

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4 Denver Home Areas Ideal For Outdoor Enthusiasts

Posted by on April 14, 2016 in Uncategorized | Comments Off on 4 Denver Home Areas Ideal For Outdoor Enthusiasts

The whole state of Colorado is filled with amazing nature, but you can enjoy both the outdoors and city life around the city of Denver. If you’re an outdoor enthusiast who loves to hike and explore, then there are four specific areas in the Denver, Colorado area that can give you access to plenty of outdoor activities. By knowing about these areas, you can easily work with a realtor to find a home located nearby. Skyland A neighborhood located in the heart of Denver is known as Skyland. There are a number of different homes for sale in the area and many of them are within walking distance to the Denver Museum of Nature & Science. The museum is filled with a number of outdoor programs and is actually located right at City Park. The same area is also home to the Denver Zoo, allowing you to go outside and explore with all types animal attractions. Lakewood, Colorado Southwest of Denver is the suburbs of Lakewood, Colorado. Head east to enjoy the city of Denver or you can head just a little bit west to explore the outdoors and giant nature park known as the Red Rocks Park. The park is filled with large mountain formations and great views of the surrounding areas. There are dozens of trails that you can explore in the area year after year once you have purchased a home. The Lakewood area is also home to numerous golf courses that allow you to play a fun game and enjoy the outdoors. West Highland If you love exploring plants and gardens, then consider purchasing a home in the West Highland area. The neighborhood is home to the Elitch Gardens. This is a collection of botanical gardens and is filled with all types of plants, trees, and blooming flowers. Along with the gardens, there is an amusement park with all types of games and rides to go on. During the summer, there are numerous water rides that can be enjoyed during the warm weather. Morrison, Colorado Explore the outdoors and rich history of the area with a home in the town of Morrison, Colorado. Located just west of Denver, the small town is home to an area known as the Dinosaur Ridge. The climbing area features numerous trails to explore and natural fossils that are a part of the scenery. You can explore the outdoors and walk alongside dinosaur tracks that were placed there millions of years ago. This is a great area to move to with children who love dinosaurs and exploring the outdoors. By expressing your love for the outdoors to a real estate agent, they can help you find various homes for sale in Denver, Colorado and in these...

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Places To Hide Your Safe To Avoid Detection

Posted by on April 12, 2016 in Uncategorized | Comments Off on Places To Hide Your Safe To Avoid Detection

When it comes to keeping a safe in your home, you essentially want two things — you want to be able to open the safe when needed and you don’t want it taken in the event of a break-in. You can greatly increase the odds of success in the former category by hiring a safe technician to perform some maintenance tasks on your safe every two or three years. This appointment will ensure that the moving mechanisms are properly cleaned and lubricated. Regarding the safe being undetected during a break-in, it’s important to be vigilant about finding a perfect spot to hide it in your home. Here are some ideas. In A Child’s Room When a burglar breaks into your home, they know that they have a limited amount of time to look for valuables. As such, they’ll often grab electrical components from your TV room or home office and seek valuables such as cash and jewelry from the master bedroom. Many burglars won’t waste time accessing a child’s room, which makes this an ideal spot to store your safe. In the back of a child’s cupboard behind a pile of stuffed animals, for example, is one place that should be safe from anyone who has entered your home. Behind A Wall If you have a small safe, an effective hiding place is behind a wall. You don’t need to be particularly handy and build a framed area on which to store it. Instead, provided the wall is thick enough, you can simply cut a rectangular hole, set the safe in behind the hole and cover it with an air vent that you can inexpensively buy at your local home supply store. When you need to get your safe maintained or otherwise access it, you just need to unscrew the air vent plate. The Rear Of A Clothing Drawer A small safe can easily fit in the rear of a deep clothing drawer and be carefully disguised with several layers of clothing stacked in front of it. While a burglar might quickly open one of the smaller drawers at the top of your dresser to look for jewelry, it’s unlikely that he or she would take the same approach with a lower drawer that appears full of clothing. In The Garage Although a burglar might enter your garage in the hopes of finding tools that he or she can quickly sell, the overcrowded nature of many people’s garages makes this area an ideal spot for storing your safe. Place it in an area that’s crowded or messy — at the bottom of a cupboard behind several bottles of engine oil or washer fluid or behind old sporting gear in the crawlspace above the garage are two...

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3 Questions To Ask A Rental Property Leasing Company

Posted by on February 26, 2016 in Uncategorized | Comments Off on 3 Questions To Ask A Rental Property Leasing Company

Renting a home is a big decision. It isn’t one you should take lightly. There are a lot of specifics that come into play when trying to find the home of your dreams. Because of this, you want to make sure you have a thorough understanding of what to expect when renting. To help you navigate your way through the process and make sure you get the home you want, here are three questions you might want to ask a potential leasing company. Will you have to commit to an extended term or can you do a month to month basis after your lease is up? While you might initially sign a one-year lease, you need to know what to expect at the end of your lease. You need to know if you are able to do a month-to-month basis or if you are going to have to commit to another six months or a year. This will not only help you plan for the future, but it will give you an idea of whether the landlord is going to be flexible in their terms or if they adhere to a more rigid structure. Do you have to purchase renter’s insurance? Renter’s insurance is meant to protect your belongings in the event of a theft, fire, or other disaster. While this is often optional and up to the renter to decide if they want this coverage or not, some landlords actually require the renter to purchase it. Every landlord is different, so you will want to make sure you know if this is something you have to look into purchasing or not beforehand so you can better plan for the added expense every month. Who is responsible for yard maintenance in a single-family home? Ask the landlord who is going to take care of things like removing ice and snow, trimming the weeds and mowing the grass. If it is something they handle for you, make sure to ask when the company is going to come and do it so you can better plan your day. If it is something you have to take care of on your own, you might be able to get your rent reduced for taking on the added responsibility. Every landlord is different, so you want to clarify this ahead of time. By asking the questions above of home leasing companies, you can make sure you know what to expect right from the...

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Tips For Investing In Your First Multi-Family Property

Posted by on January 15, 2016 in Uncategorized | Comments Off on Tips For Investing In Your First Multi-Family Property

A multi-family home, whether a simple duplex or a small apartment complex, gives you more bang for your real estate dollar since you can have multiple tenants supporting one property. This can minimize the chances of dealing with vacancies and no incoming rent to cover the mortgage payment, which then means more profit. The following advice can help you make a wise decision when choosing to invest in your first multi-family property. Tip #1: Know the Historical Rental Rate Although it is possible for a new landlord to come in and reverse a poor rental trend, it takes time and effort. It’s best to opt for a home that historically has had steady tenants, both in longevity of the leases in the percentage of units rented. Avoid properties that have sat for long periods of time with more than one open unit. This is uncommon in most rental markets. Tip #2: Learn What Is Popular Chances are a certain type of multi-family housing is more popular in the area you are looking to buy. For example, condominium style homes are often popular near areas that draw a lot of young, childless professionals because they don’t want to deal with any form of upkeep. Duplexes or multiplexes with small yards and outdoor communal areas are usually more attractive to families with children, who want areas for their kids to play outside both alone and with the other neighborhood kids. Tip #3: Budget for Profit It’s best to select homes where you can make the mortgage, maintenance and tax payments on just half the properties’ income. This way, you are at least breaking even as long as half of the property is being rented at any given time. Each additional unit rented will then be profit. The only real exception to this rule is if you are living in one unit, such as you live in one half of the duplex and rent out the other half. Tip #4: Plan for Ongoing Maintenance Often, single family homes can be managed without the need for an outside crew. The renter tends to handle basics, like yard work, and more major issues, such as plumbing repairs, are dealt with as they occur. With multi-family units, there needs to be someone in charge of landscape and communal area maintenance. In some cases you can offer reduced rent to one tenant in exchange for these chores. This is often a viable solution for smaller homes, such as duplexes. Larger properties, such as small apartment complexes, benefit more from having a dedicated maintenance person or the aid of a property management company to maintain both the exterior and interior of the units. Make sure you know the cost of this service and figure it into your final property costs before deciding whether the property fits into your budget. For more information, visit local real estate companies, such as...

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Buying A Home? 4 Reasons You Need A Real Estate Agent

Posted by on January 14, 2016 in Uncategorized | Comments Off on Buying A Home? 4 Reasons You Need A Real Estate Agent

If you are interested in buying a home, you might currently be deciding if you should use a real estate agent or not. While the Internet has provided a lot of resources to help you find a home on your own, there are certain things you can’t do unless you have a real estate agent’s experience. Here are some reasons to consider using a real estate agent, such as Plaza Realty, when shopping for a new home. The Agent Communicates With the Seller One big benefit to going through a real estate agent is that whenever you are interested in a home and want to learn more about it, set up an appointment to see it, or to give an offer, your agent can do it for you. The agent either communicates with the seller of the home, or the realtor working with the seller. Some real estate agents work with both buyers and sellers, becoming an excellent buffer between the two parties. This can help keep you from getting overwhelmed with contacting everyone to set up appointments and give offers. They Know About Listings First If you have ever contacted someone that lists their home publicly, you know how frustrating it is when they already have a half dozen offers and aren’t taking anymore. This is because when homes are listed, people try to snatch them up quickly, especially if it is being sold for a decent price or located in an area with an excellent real estate market. When you work with a real estate agent, they will know about listings first when they go through their own realtor’s office. If your agent finds a home that would be a good fit for you, they will let you know about it first so you have a good chance at giving the first offer. Agents Keep Up With Market Conditions Another benefit to using an experienced real estate agent when buying a home is that they know all about market conditions, and keep up with the changes. This is useful to you because they can tell you what houses are going for a decent price, what the average cost per square foot in any given area is, and look at the ratios of the days a house has been on the market. This definitely comes in handy when you are looking for the right home to buy. The Agent Researches Homes For You While you can still browse homes for sale on your own, it is really helpful to have an agent constantly looking around at available homes that fit your criteria. You might not have the time and energy to continue doing this until you have found the perfect home. While you are at work and spending time with your family, the agent is working for you so you can find an excellent...

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Dealing With A Low Home Appraisal

Posted by on January 13, 2016 in Uncategorized | Comments Off on Dealing With A Low Home Appraisal

Your home loan approval depends upon many issues, such as your credit worthiness, interest rates and the amount for which your new home may be appraised. If the seller has accepted your offer, you have reason to be thrilled, but unfortunately in today’s home buying atmosphere, your loan is far from a given. Credit hurdles and interest rates notwithstanding, if your potential new home appraises for below the agreed upon purchase price, you may be in for a huge disappointment. Banks simply won’t lend for more than the appraised price, since the home is the potential collateral for the mortgage. If you are dealing with an unexpectedly low appraisal, read on for more information about why this is happening more and more and what to do about it. Why so many low appraisals? Since the housing financing fiasco in 2008, not only has the bank industry undergone a complete overhaul, but the appraisal industry has as well. One of the major contributing factors to the housing bubble burst was the unhealthy relationship between lenders and appraisers, leading to over-inflated home prices and thus over-inflated loans. During this time period, lenders and appraisals conspired to inflate home values and the corresponding loans, causing regrettable damage to the industry at large and home owners in particular. New regulations now require that there be a firewall between lenders and appraisers and that appraisers be kept in the dark about the amount of the pending home loan to prevent bias. This firewall is presented in the form of appraisal management companies, who act as the middleman. Unfortunately, appraisal management companies charge fees for their service, and the professional appraisers are seeing their fees plummet as a result. Inexperienced appraisers willing to work for less and sometimes traveling from a distance to work have led to a tendency for properties to be undervalued. Experience and local knowledge are valuable traits in a home appraiser. How you can fight back. 1. You have the option to hire an independent appraiser yourself to complement the bank-hired appraiser. The bank should be made aware of significant differences in the appraised values of a given home. 2. If you challenge the data of an appraiser, be prepared to produce your own counter-data. 3. File a formal protest for the low appraisal with the lending institution. 4. Ask the bank to conduct a new appraisal with a different appraiser or appraisal management company. 5. Ask that the appraisal include “for sale by owner” homes, which may not be included in the Multiple Listing Service database that appraisers use for “comps” (comparable home sales in the same neighborhood). 6. Alert the appraiser to improvements that could raise the appraised value that could be overlooked, such as particular types of flooring or windows with higher insulation values. 7. If none of these tips work, you can try appealing to the seller to lower the purchase price or offer a larger down payment to bring down the financed amount. Throughout the home-buying process, your experienced, local real estate agent should be the go-to person for help and information about all aspects of completing a successful purchase of your dream home. For more information, contact Haring Realty or a similar...

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