Whether it’s people, puppies, or houses, most human beings have a natural attraction to cute things. Cute people get more dates. Cute houses get more money. Hollywood is full of examples of very cute people who, though they are initially very attracted to each other, soon decide that “cute” wasn’t enough. The same thing can happen with home ownership — that “cute house” might not be all that you hope it is. Here are a few things to consider when trying to get beyond the “cute factor.”
1) Sometimes a great house is obscured by a not-so-great exterior. But let’s face it, how much time do you spend looking at the outside of your house? As with long-term relationships, it’s the inside that counts. For example, split-level homes are almost always cuter than ramblers, but the moment you have a sprained ankle, C-section or other physical challenge you’ll gladly give up a lot of “cute” to avoid a few stairs.
2) Flippers love ugly, not cute, houses. Why? Because they’re cheap and often they can look a lot better with just a little work. You know those makeover shows on television, where some different clothes, a little makeup, and a haircut make somebody look a lot better? Sometimes the same goes for a little paint, a little carpet, and a few well-placed bushes around a house.
3) What’s “cute” changes. In the 1970s, harvest gold and avocado green were the ultimate in cute. In ten years, will we be looking at stainless steel appliances the same way we now look at harvest gold? Probably. Are you willing to pay a premium for “cute” when the standards are bound to change?
4) You change. Have you ever looked at a picture of yourself from a couple of decades ago and asked yourself “what was I thinking?” Have you ever felt a strong physical attraction to somebody only after you got to know him or her? Sometimes you have to take some time and live with what you thought was “ugly” brown carpeting before you realize how well it works.
5) Are you ready to maintain the “cute”? Lots of times, cute takes work. (Once again, this applies to people and relationships as well!) Keeping up with the flower boxes and making sure the deck gets painted every year… Some houses are so cute they’re like the person who needs $300 a month worth of haircuts and highlights. That’s fine if you value that kind of thing, and if have the money to support it, but those maintenance costs need to be a factor in your home-buying decisions.
When it comes to buying a house, “cute” is an important element, but it’s only one of many. Don’t let your initial “cute” or “not cute” emotions overrule everything else!
Ruth Ann Larson is an “advanced real estate hobbyist” based in the suburban Twin Cities metropolitan area of Minneapolis/St. Paul, Minnesota. She is founder of (and regular contributor to) Home Deals - Bargain Real Estate in Minnesota, a web site dedicated to informal real estate advice and discussion of “good deals” in the housing market.
June 26th, 2008 by admin
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So you know you have what it takes to make a healthy living in the investment real estate market but you don’t know where to get started? This FREE real estate investing course will show you the process used by some of the biggest names in the industry and how they got started in the industry ( you can bet it wasn’t searching for months in their hometown for ugly fixer uppers). Remember, if you think cents you’ll make cents, if you think dollars - you’ll make dollars.
If you’re going to devote your life to a real estate career then why not choose a path where the profits are big and the risks are small? Do you really think your time is well spent competing in the “We Buy Ugly Houses” cults that dominate every newspaper classifieds? Of course not, you’ve had enough of the rat race and now you’re ready to make a name for yourself in the profitable investment real estate industry. Do you think The Donald spent his early days buying run down houses in New York and fixing them up or do you think he started actually investing in preconstruction investment properties.
This Free Real Estate Investing Course is designed to give both the newcomer and the experienced investor a chance to succeed in the investment real estate market. The main way to succeed in the investment real estate industry is simply to use common sense, of course it helps if you are also armed with an education of the industry. This is why it’s important to learn as much as you can about the industry and read as many real estate articles as you can and meet with local agents and developers. The more contacts you can gain the better.
1. Don’t Believe the Hype - Sorry to be the barer of bad news but many of these real estate “gurus” don’t know any magic tricks to making money in real estate. It’snot that they are ill informed it’s that their is NO MAGIC TRICK. It’s fairly easy rules that everyone knows and few people actually take the time to do. These real estate agents often times fail selling real estate so go to selling over priced CD sets instead. Here’s an interesting thing to do on a Saturday evening, do a search online and add the keyword “scam” or “rip off” after your favorite real estate gurus name. If you’re going to follow the right real estate investing course then you need to get these fairytales out of your head before you get started.
2. Save Up Capital / Build Credit Score - If you want to invest in real estate the right way you’ll need money for down payments and reservations. If someone tells you it’s possible to make millions with no money chances are they’re trying to sell you something (probably an over priced CD set). If it was possible to make millions with no money everyone in the industry would be millionaires in a few months. If you’re serious about investing be sure to have capital and a good credit score before buying your first project.
To build your credit score there are a number of easy ways. I’d recommend logging in to your favorite search engine and searching for phrases like “build my credit score” and “raising my credit score”.
3. Find an Investment Brokerage - No matter how many free articles you read or research on the industry you should still find yourself a responsible real estate brokerage that specializes in preconstruction and investment real estate. You can only know so much first entering the market and brokerages have their fingers on the pulse of the industry. An educated investment brokerage will know what developers to stay away from and which ones have a healthy track record or which locations in a city are growing and which are going to be dominated by HUD or section 8 in the next few months.
4. Research Multiple Cities - Don’t just buy investment real estate in a city because a friend of a friend did really well there. You never know what factors were involved in the transaction or even worse if it really happened. Cities usually only have a few years of substantial growth before it cools down so must be careful of outdated information. While you’ll still make a decent profit in almost any major city if you do your due diligence wouldn’t you rather invest in an explosive market where real estate is skyrocketing?
***Note: As of Nov 8, 2005 I believe the best markets now are Orlando, Miami, and Las Vegas.***
5. Read Free Real Estate Investing Courses - Although most of the free advice you get is often the most expensive there is much to be learned from every author or expert. The trick is to read as many of these free real estate investing courses and only pick out the useful information and let the rest go. I can honestly say that I learn something useful from every free real estate investing course I read. Maybe I learn that a certain person has no clue what they’re talking about and I make a mental note or maybe I learn a new technique that I haven’t thought of yet. Either way free investment real estate courses are very useful if you stay educated in the market and don’t rely too much on them for all your information.
Why do I say research free real estate investing courses and not the expensive ones? If a real estate brokerage or agent needs to sell CD’s or books to make a living chances are they are not as knowable about the real estate industry as you think. Also, they all tend to regurgitate the same information over and over again.
The above information was taken from the Free Goldberg Executive Realty Investment Course found at http://www.investrealestate101.com
Goldberg Executive Realty Group
Mark Goldberg
Phone: 1-866-247-2259
E-mail: GoldbergRealtyGroup@cfl.rr.com
http://www.InvestRealEstate101.com
May 28th, 2008 by admin
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So…you have decided that your current home is not meeting your
needs anymore and that you want to buy another one. You begin
looking in the real estate periodicals and visiting open houses
until one day you find the home you are looking for. You decide
to make an offer, but what you do not realize is that at this
point you are actually a seller not a buyer. Real estate
professionals fondly refer to you as a buyer in a bunny suit.
Under Pressure!
Now that you have found the home of your dreams that fits your
current needs, you will need to make an offer contingent on the
sale of your current home. Many sellers look at this as a very
risky transaction and will reject your offer. But let’s say for
arguments sake that they accept it. Because of the risk
involved, they most likely will want a full price offer to
satisfy their interest since there is a possibility that your
home will not sell and they will be back to square one. On
average you can expect sellers to come down from their asking
price about 3%. Using the example of your new home asking price
being $250,000 (which by the way is probably bigger and more
expensive than your current home), that means that in this part
of the transaction you have lost $7,500.
Many of us have been in this position before and have squeaked
out of the transaction by the skin of our teeth. For some this
is a position they are able to handle by being able to obtain a
bridge loan for both properties, or by being financially able to
carry two mortgages. However, for most people this is a position
that is not only impossible to sustain, but one that in the long
run costs you a substantial amount of money. By putting yourself
in this position, you lose your leverage in negotiating the most
lucrative deal on both the sale of your current home and the
purchase of your new home. Let me explain why.
The Power Of Real Estate Negotiation
Your loss of negotiating power in both transactions has led to a
whopping total loss of $17,500 over the long term. To most
people, that alone is a lot of money. Let’s take it one step
further. Assuming you are going to take a mortgage on your new
home at 6% for 30 years, that figure begins to multiply at an
alarming rate. This will increase your monthly payment by $105.
That doesn’t seem so bad, huh? Multiply that by 12 months, which
is an additional $1,260 per year. Still not convinced? Multiply
that by 360 (number of months over 30 years), and you arrive at
a loss over the course of your mortgage totaling $453,600!!
Now you have the challenge of getting your current home sold.
Because of the contingency of your offer to purchase the new
home, you have a time limit before the contract expires. You are
under the gun to sell because you so desperately want your new
home. Offers come pouring in, but nothing that is really
acceptable to you. Now, down to the wire, another offer comes.
It is higher than most of the offers you have received but still
not what you were hoping for. You really want your new home, so
you accept the offer of $190,000. The excitement of now being
able to move forward to the new home drowns out the fact that
you have lost $10,000 on the sale of your current home.
I hope at this point you are you starting to see the
consequences of being the “buyer in a bunny suit”. The
importance of selling your current home first before making an
offer on the home of your dreams is something to seriously
consider. Having the power to negotiate is a must if you want a
“win-win” situation. Real estate transactions can be extremely
prosperous, so think carefully before hopping into something
that will hurt your basket full of cash! For more information
visit me on the web at www.theskysthelimitasheville.com
May 21st, 2008 by admin
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One of the biggest mistakes people make when it comes to buying
a new build is thinking that they don’t need their own realtor.
This is mostly due to inaccurate myths and misinformation about
real estate. Let me explain why. Why do I need a Realtor? I
guess the question you need to ask yourself isn’t “why do I need
a Realtor?” A better question is “why wouldn’t I get a Realtor?”
Some people believe that if they don’t use a Realtor when
purchasing new builds that they will receive a price reduction
or a “better deal”. This just is not true. Usually the price of
a new build is not negotiable so whether or not you have
representation the price will most likely stay the same. Why do
I need Representation? The key word here is representation. It
is always a good idea to have someone working for you that has
your best interest at heart when making the biggest investment
that you might ever make. You will have someone working for you
to look over the documents to ensure that everything is in
order. Most importantly your realtor can keep up with the
process of the purchase to ensure everything is moving along
smoothly and that your best interest is being met, not the
builders. How much will it cost me? The best part of having a
Realtor is that it’s FREE!! It should not cost you the buyer
anything. Most new builds CO-OP to realtors and actually welcome
Realtors. Remember that your Realtor needs to be with you to
sign you in the first time visiting new build sites. If you go
without your Realtor on the first visit, the builder will not
pay their commission if you decide that you want one.
So, if you are in the market of purchasing a new build home, go
out and get representation. You will have peace of mind knowing
that a professional Realtor is looking out for your best
interest. Remember that new build Realtors work for the builder
but your Realtor is working for you. Thank you and good luck
with your new home.
Erica Wilson is a full service Realtor working with Merit
Company Inc. and serving the Colorado Springs and Pikes Peak
areas. You can search for Colorado Springs
Real Estate at http://www.springscoloradorealestate.com
April 19th, 2008 by admin
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Getting an appraisal done on your home or property is one of the first things you want to take care of when you decide to sell. Just because you think you have some idea of what your home or property is worth, the dollar amount that you come up with is most likely drastically different from the dollar amount that a professional appraiser would come up with.
An appraisal on your home is basically a professional opinion of the worth of your home or property from someone who is trained to analyze such things. Small factors such as a sun room, porch or deck, number of bathrooms and whether they are whole or half bathrooms are all factors that play into the net worth of your home. Good appraisals also take neighborhood characteristics into consideration, such as proximity to local schools, hospitals, and grocery stores. Especially when families are concerned, convenience is something that people are willing to pay for, and the closer a property is to these things, and the better quality of the schools, markets, etc, the more value added to your home in that respect.
An appraisal is a professional opinion and is to be respected, but keep in mind that it is just that–an opinion. Opinions are not set in stone, no matter who they come from whether it be your disapproving mother, a circuit court judge, or a professional appraiser. If an appraisal is too high or low, a bank or mortgage company may reject the estimate, there by causing problems and delays for your prospective home buyers, yourself, and any body else that is involved in your real estate transaction.
Depending on the nature of the property, a professional appraiser may take one of several approaches to determining the value of your home. The cost or replacement approach is, in essence, a determination of what the home would cost to rebuild should it burn to the ground. This includes everything; your windows, porch, pool, and even any money you have invested into your landscaping, yard or garden are all taken into consideration. The comparison approach to the appraisal takes into consideration all of the houses that are similar to yours that have sold in your particular area in a given set of time, usually the last six months.
From there, the appraiser adds value and takes away value in accordance with the specifics to your home. If you have a basement and most of the other homes similar to yours that sold in the past few months didn’t have basements, the appraiser would be able to estimate the value that having the basement adds to the property. If everyone on the block with homes similar to yours had basements, but theirs are finished and yours is not finished, or partially finished, then the appraiser should have some approximation of how much value to take away from the house in accordance with that. The last approach is the income appraisal approach, and it is used more commonly when commercial properties are in question.
Steven Jonas, Real Estate Agent from the official Real Estate Property website. Visit the Real Estate Finder website.
April 10th, 2008 by admin
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As many have learnt the hard way - there are agents in Spain who will willingly take you for a ride - and it tends to be the bigger and well known foreign agencies that are the worst (the very ones who say you can trust them). So in this jungle is it worth using an agent to buy your Spanish Property or is it worth going on your own?
There is no doubt that an agent can be of great assistance if they know their area and should be able to help you narrow down your search to a few specific properties. Ideally they should sit with you a while and endeavour to discover your real requirements for your house. But this boils down to much more than how many bedrooms a house has and if it has a pool or not. For example you may see your dream house in a photo, and the agent takes you to view it, but after talking to you he/she discovers that one of you doesn’t drive. The house may be perfect but the area is miles from anywhere. Clearly then going to see such a property would be a waste of your time.
You can rest assured that if you visit 10 agents at least 9 of them would take you to see this house. The sad fact is that most agents aren’t really concerned about your needs, only whether you buy a property from them or not, so you may end up being shown many houses that really don’t fit the bill. You will feel frustrated, dejected and probably begin to think that your dream home doesn’t exist.
They may have nothing better to do with their days (and in today’s slow market it is probably a welcome relief to be showing houses than sitting in their office drinking coffee). But do YOU really want to be trailing around houses that do not meet your basic needs let alone your implied needs.
Also some agents put you under inordinate pressure to buy and some (like my now friends who bought by a main road) are pressurised into buying something not suitable for them. Don’t ever be pressurised by anyone. If you don’t feel comfortable with a viewing for any reason - politely say so and exit.
I once asked to see apartments within 200M of the beach and was shown a town house 20 minutes inland (that’s 20 minutes drive inland). When I asked why we had come to see it I was told that it was a lovely house. No doubt it was but it wasn’t what I asked for. Needless to say we went back to the car park to pick up my car amid protests from the agent that he had some really nice properties to see.
Your time is important and you need to utilise it very carefully. A good agent on the other hand, is worth his (or her) weight in gold. They will help you through every step of the way and guide you through the minefield and ensure you get the best property to suit your needs. At the very least they will try and understand you as a person/family and try to ensure that they match you with an ideal property. It shouldn’t stop there though. A good agent will also help you long after the ink has dried - easing you into your new life, helping you locate schools, buying cars finding tradesmen and much more.
How do you find a good agent?
Finding bad agents is easy. Finding mediocre ones equally so. So how do you pick out the good from the bad? The easiest way is to ask questions. Many people advocate only using agents who have API membership - this is the Spanish Estate Agents association (or one of them). However whilst current membership extends certain safeguards on the client, not all API registered agents are still registered. Equally not all non registered agents are bad. Wow what a battle - how do you judge?
Prepare a list of questions to ask them - the following is a sample, but not exhaustive, list
• How long have they been in business
• How many clients have they dealt with
• What services do they offer their clients both during and after the sale
• What commissions do they charge
• Do they speak good Spanish (if not how can they possibly operate in Spain)
• Do they translate all documents in English
• Can you speak to some previous clients
and anything else you deem important. Also ask in local bars (specifically Spanish ones) who they would recommend - the Spanish don’t like estate agents and so will only give you recommendations that they believe are good.
What about going it alone?
So let’s assume you decide you don’t want to use an agent. How do you find a property yourself? In the Costa Blanca and the Costa del Sol you will find many publications (CB News, Inland Trader, Costa Del Sol News, Sur in English). However these are English Language papers and so you will in the main be dealing with English owners (a lot of whom have over realistic ideas as to the values of their property). Also be wary because a lot of agents advertise in the local papers in the lineage ads. Why - It is cheaper to do so and a lot of people just go straight past the main display ads for agents.
The internet is obviously a good source with sites such as ThinkSpain.com and Kyero.com - but these tend to be mainly agents advertising. In fact most of the properties advertised on the internet are agents. You may find a few For Sale By Owner type sites - but not many for the Spanish Property Market.
You can also pick up a copy of the local Spanish Papers (in the Valencia region a great source is Levante). These have adverts by Spanish People for property. You will find these comparatively cheaper than similar properties in the English Speaking Press.
You could also drive out to the areas you would like to live in look for Se Vende Signs (for Sale), ask at bars, in streets and anywhere (obviously this requires a knowledge of Spanish) but you would be surprised how many properties are up for sale but not advertised - there is a great jungle telephone system working out here. Many a time I have asked about property for sale to be told that neighbours have properties for sale - and the prices being asked are considerably less than you find in the estate agents.
Finally you could locate a buyers agent who would only act on your behalf. Be wary though many so called buyers agents are really just estate agents or collaborators who use the term to lead the buyer into thinking they are working for them. If it is a true buyers agent you should be paying their commission not the seller (or their agents)
So If you choose to go it alone make sure you do your homework - locate your area first then locate your property.
To use an agent or not? If you find the right one they can make the process so much easier. There are a few good ones. There are also many who have the best intentions but don’t really know their right hand from their left, and there are others who will rob you blind if you let them But if you have no other option then just make sure you choose wisely.
Vince Barnes is the owner of http://www.SpanishProperty-Direct.co.uk - a website aimed at informing buyers about the process of buying in Spain and keeping up to date with news and regulations affecting the Spanish Property Market. He has also just published the book - “The Insiders Secret Guide To Buying A Property In Spain - The Book Estate Agents Don’t Want You To Read” - available at http://www.spanishproperty-direct.co.uk/book.htm.
April 3rd, 2008 by admin
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The largest financial obligation most people ever take on couldn’t escape the reach of the Internet. Home mortgage loans originated online comprise an integral part of one of the largest and most profitable aspects of the banking industry. Unlike many shifts in big business recently, this change actually seems to greatly benefit consumers by increasing competition and placing more financial control in the hands of homeowners.
To finance or refinance a home in the olden days (before the Internet), you needed to find a mortgage lender, broker, or banker who wanted to make a loan for you. Though mortgage lenders always wanted to make good loans, the process of gathering information to compare interest rates, points, and loan programs among lenders presented a tedious task for borrowers. Without a centralized information source for mortgage rates, loan programs and financial advice, most people just called a few banks and went with the lender that seemed to offer the lowest rate for the least discount points.
Now borrowers can access up-to-the-minute financial information and economic indicators online. Comparing rates and fees between lenders takes only the click of a mouse. Loan programs and mortgage calculators quickly figure the best strategy for everything from which loan represents the lowest cost over time to how much money a borrower could save by prepaying their mortgage on a monthly or bi-weekly basis. Financial tools available online truly empower any borrower with Internet access.
Though the Internet represents a faster and more hassle-free way to refinance your first or second mortgage, remember these important facts:
Loan Programs - Just because the Internet makes the loan process easier doesn’t mean you should abandon common sense. Take the time to analyze which loan program best meets your needs based on the big picture of how long you’ll live in the house, the payment you can handle comfortably, and how much cash or equity the lender requires.
Fees - All lenders don’t charge equally. Many offer a lower interest rate, but make up the discount in fees and charges. Analyze costs between lenders by obtaining a list of all associated loan fees known as a “Good Faith Estimate”.
Service - Obtaining a loan online won’t do you a bit of good if you run into a problem and need to speak with a live human. Make sure your online lender maintains offline customer service.
Rate Lock-in - The lender’s website should clearly explain their interest rate lock-in period and policy. Don’t get lured in by a lender offering a lower rate and points only to find out the hard way that your interest rate lock expires before you can get the loan closed.
Loan Commitment - Find out from the lender’s site what legally binding documentation they provide to document the loan commitment once you get loan approval.
Though many borrowers use the Internet purely for research, record numbers now go online to apply and complete the entire mortgage process on the Web, while saving significant money and time in the process.
Copyright 2005 Jim Edwards
Jim Edwards is a consultant specializing in internet mortgage refinance strategies and consumer home loan information. He is the author of “The TEN Dirty Little Secrets Of Mortgage Financing” at http://www.mortgageloantips.com/info.html and offers a free mortgage e-course at http://www.mortgageloantips.com/eclass.htm
April 1st, 2008 by admin
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To most people, the home buying process can seem like a
complicated and confusing process Even though it seems like a
daunting task can be made much easier if you take things
step-by-step, you will soon be holding the keys to your own
home! But before going into the process of buying that home, you
really need to honestly ask yourself if you are honestly ready
to buy a home in the first place! Think about this.
Do you enjoy or even prefer moving into different places or
areas of the country? Do you prefer to use your money for things
like vacations, appliances, retirement or having your own
business? Do you dislike doing typical household maintenance,
repair and handyman work around the home?
If you answered yes to these questions, you may not be ready to
delve into the home buying experience. You may think you have a
lot of good reasons for buying a home. but it’s very important
that you should also consider your reasons for not wanting to
become a homeowner!
Remember that buying a home isn’t just the biggest financial
decision you’ll probably ever make but it can also be the most
nerve wracking emotional choice in your life! So be prepared to
make wise decisions and be willing to logically and
unemotionally think out the entire process before you buy.
Basically, look before you leap!
In today’s hot real estate market, buying a home always seems to
be a great idea, but it’s important to completely understand
that homeownership also comes with a great deal of
responsibility too! Of course, being a homeowner is something to
be proud of, but it also means having to invest heart earned
money, time, energy and financial resources. So you have to
really be sure this is right for you.
Typically the first thing that comes to mind when we dream of
homeownership, are the wonderful things that are connected to
it, which are great reasons for buying a home. Here are some of
the tremendous advantages for buying a home:
Yes, it’s really nice to think about the positive aspects of
owning a home, it is also a crucial part to consider the
downsides as well. Here are some of the disadvantages on home
buying.
Financial Stress
Probably the most common feeling in the home buying process.
Coming up with the down payment, meeting regular mortgage
payments and other ongoing costs will tie up a lot of your cash,
and can put considerable stress on your finances. So it’s very
important that you carefully manage your budget and finances to
make sure that you can meet all of your obligations. Many new
homeowners get a shock in their first year of owning a home.
Proper planning and preparation can help you avoid this.
Maintenance Costs
Unlike renting where a landlord may take care of the
maintenance, when you’re a homeowner you are solely responsible
for keeping your home in good working order. Keeping a home
operational and looking good requires time and money. Once
again, it’s important that new homeowners carefully monitor
their finances and also carefully keep an eye on small
maintenance issues and work on them before they become huge
repairs.
Higher Monthly Payments:
It’s entirely possible that you will pay more each month for
your home payment that you ever did as a renter. You not only
have to pay the mortgage, you pay taxes, you pay utilities, you
pay expenses, you pay for maintenance, everything. And when you
add that up it can be shocking at how much that can be. Yes, in
today’s tax code there are benefits that come from homeownership
that can defer some of that expense, but you still have to pay
it first!
Still think you want to buy a home? GOOD! If you feel that now
is the time and homeownership is right for you, you need to make
sure that you are truly financially ready to do so.
To avoid any future surprises, you can do some financial
planning to see where you stand, including: calculating your net
worth, determining your current monthly expenses and your
current monthly debt payments.
Gathering this detailed information and knowing things like your
net worth is important because you’ll need this information when
you discuss financing with your mortgage lender. Going through
this exercise will give you a snapshot of where you stand
financially and show you how much you can afford to invest as
your down payment on the home purchase. You do not want to rush
this process since finding the best type of financing for your
particular situation will determine how much you will be paying
every month.
Also be sure to work with a trustworthy and professional real
estate professional. In today’s market there are real estate
agents and Realtors that work specifically in representing
buyers. These professionals will help you in everything from
finding the right home for you, to helping you understand the
contracts and paperwork, to negotiating the deal for you, and
representing your interests in the buying process. They can even
help direct you to good financing sources and be a “one stop
shop” to help you in every step of the way to find your home and
get you in it with the least amount of stress.
After you’ve found your dream home, and contracts have been
accepted and your financing is in place you’re ready for closing
day when you finally settle the transaction and become the
proud, legal owner of a home that you can call your own.
Although this is a GREAT day, it’s also very confusing and full
of papers flying around and being signed. Your closing attorney
or title company will handle all of the details of the closing
including making sure the money is in place from your mortgage
company, make sure that tax bills are paid, any outstanding
debts resolved, takes care of the seller’s paperwork. Bottom
line, they make sure that all the T’s are crossed and I’s are
dotted so that when you leave you’ll have a deed which calls YOU
the owner of that property!
When all the dust settles, you’ll be handed the keys and you’ll
be able to walk into a home that you can call your own! Enjoy
the moment and congratulations on becoming a homeowner!
March 30th, 2008 by admin
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