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Home Buyers: Make Note of These 3 Deal breakers

Posted by on Jul 1, 2016 in Real Estate | 0 comments

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If a home doesn’t fit your needs in any of these categories, move on.

While you’re shopping, be on the lookout for things about the home that you can’t change (or that would require major time and effort to alter). These factors will impact the home’s value for the long haul.

Here are three serious considerations to evaluate before you determine whether to pursue a home purchase.

Location (more…)

Lease Agreements: 5 Things You Didn’t Know You Could Negotiate

Posted by on Jun 29, 2016 in Real Estate | 0 comments

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When you factor in the formulaic legal documents, generic 20-minute interview, and perfunctory tour of the apartment and its amenities, it’s not unusual for renters to feel like they must either take it or leave it. It may not seem like there is room to negotiate the residential lease agreement.

That might be true — sometimes. But renters may actually be in a better bargaining position than they realize. Often, potential renters are able to negotiate some aspects of the lease agreement, especially when the landlord is eager to rent a particular unit.

Here are five aspects of your lease agreement you may have more control over than you think.

  1. Security deposits

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Pros and Cons of a Second Mortgage

Posted by on Jun 24, 2016 in Real Estate | 0 comments

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Homeowners are always thrilled when their home’s value goes up, and many take this growth opportunity as a chance to take out a second mortgage.

A second mortgage — often called a home equity loan — is an additional mortgage that you have on your home. This additional mortgage essentially allows you to have access to the equity of your property, and, just like your mortgage, your home is used as collateral.

Since property values are on the rise, these mortgages might be something to consider, but how do you know if it’s the right move for you and your family? Here are some pros and cons of taking out a second mortgage.

Pros (more…)

Predicting the ‘Right Time’ to Buy or Sell a Home

Posted by on Jun 23, 2016 in Real Estate | 0 comments

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Buying or selling a home at the ‘right time’ is tougher than it sounds. People usually take these actions because of a life event or financial issues. The economy and real estate forecasts tend to be secondary considerations. Yet both buyers and sellers often pose the question, “When is the best time to buy or sell?”

If you have the luxury of choosing when you enter the real estate market, here are some points to consider when timing a home purchase or sale.

Every market is different

There’s no longer one national real estate market or forecast like there was 20 years ago. And just because the 24×7 national news outlets tell stories of hot real estate markets with multiple offers and quickly rising prices doesn’t mean that’s happening in your neighborhood. (more…)

How to Label Boxes for Your Move

Posted by on Jun 17, 2016 in Real Estate | 0 comments

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These pro tricks will take you from stressed-out novice to moving master. So, what is the best way to approach labeling moving boxes?

First, make sure you have everything you need. Then, choose a labeling system that works for you. And don’t forget to mark the boxes with your specific handling requirements.

Materials you’ll need

Before you can get down to work, you need to have a few items on hand:

  • Permanent markers.Get high-quality colored markers to make sure the writing on your moving boxes will be easy to read. Rain or snow on moving day, as well as unfavorable storage conditions, can cause the writing to smudge or run if you don’t use permanent waterproof markers.
  • Color labels are your best choice when it comes to easily organizing and identifying your moving boxes.
  • Quality packing tape.You may need clear packing tape to attach the labels to the packed boxes, and, as an extra step, you can cover labels with clear tape to protect them from dirt and moisture.

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Avoiding Home Buyer’s Remorse

Posted by on Jun 15, 2016 in Real Estate | 0 comments

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Home shopping can be an intense, emotional process. Here’s how to make sure you don’t get caught up in it.

Thinking it through

How do you avoid getting into this situation? To avoid buyer’s remorse, stay grounded by asking yourself the following questions throughout the home-buying process.

Must I ‘own’ this house or must I ‘win’ this house?

Often, in a competitive situation, a buyer just wants to win. If you’re competing and forced into a multiple-offer situation, step back and ask yourself: Is this the home I really want, or do I just want to beat out the other buyers?

Also, has the potential purchase price exceeded the list price? Putting an offer on a home at $475,000 is one thing. But a few rounds of counter offers may bring the price up over $500,000. A price $25,000 higher can create an entirely different set of circumstances, and the home may no longer be right for you. (more…)

Simple Changes for a Greener Home

Posted by on Jun 8, 2016 in Real Estate | 0 comments

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Think it’s too tough to make your home more eco-friendly? These straightforward tips will make you think again.

Incorporating green practices in your home is simpler than you might think. We’re not talking installing solar panels or adding car-charging stations in your garage (at least, not yet).

You can have an eco-conscious home without building one from the ground up. From switching to LED light bulbs to installing a toilet that wastes less water, there are a number of ways to make your home a little greener.

Read on to learn how you can work toward making your current home a bit more environmentally friendly.

Light bulbs and beyond (more…)

Think Outside the Box: Exterior Considerations When House Hunting

Posted by on Jun 1, 2016 in Real Estate | 0 comments

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Most home buyers focus on what’s on the inside of a house, but neglecting the outside could cost you.

It’s easy to get tunnel vision while house hunting. When you fall hard and fast for a house, you may be willing to do just about anything to make it your own. But even if you’ve found what seems to be your dream home, take a closer look outside before you make an offer. Any home you consider calling yours should go through a thorough exterior inspection.

Trees and foliage

Susan Krus of Texas Realty One suggests evaluating trees and foliage first. How close are trees to the foundation of the home? When trees get too big, they can cause foundation problems. And if a mature tree is removed, the foundation can drop when the roots decay. (more…)

Why Home Buyers and Agents Need to Have Each Other’s Backs

Posted by on May 31, 2016 in Real Estate | 0 comments

 

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It can be all too easy for over-eager home shoppers to waste a well-intentioned agent’s time. Here’s what both sides should know about their relationship.

Searching for a home and engaging with a real estate agent today is not the same as it was a generation ago. The space (both physical and virtual) between the buyer and the real estate agent was much larger, and coming together was slower and more methodical.

If a buyer saw a For Sale sign or an ad in the paper, they might call the real estate agency’s office, get some information, and move on. Or they could walk into an open house solo. They could be rather anonymous.

The real estate agent’s experience (more…)

Why Sharing Your Home Just Got Easier

Posted by on May 25, 2016 in Real Estate | 0 comments

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Home builders and mortgage lenders are racing to keep up with the trend of shared homes to accommodate multigenerational families and rental units.

Whether for care-giving, cultural, or economic reasons, more American families are sharing a home.

In 2013, 21 percent of U.S. households were shared, according to a Fannie Mae study  — including multiple generations (grandparents, adult children, and their children) or families of the same generation living together.

The low for multigenerational households in the U.S. was 12 percent in 1980, the researchers noted.

Two homes in one (more…)

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