Monthly Archives: April 2020

Risk of Buying a House During the Redemption

Financial distress may force a homeowner to sell his property. But there are also times when it is foreclosed by the financial institution to which the property is mortgaged. Yet, the redemption period still gives an opportunity to reown the house. However, there are risks which should be considered in order to take advantage of the stipulated time.

First, the redemption period is time-constrained. This means that the homeowner will be given a short period to reown the house after the buyer or the third-party has filed the necessary paperwork to the court. After such period, the chance to regain ownership of the house will be forfeited.

The second risk is associated with the price to regain ownership. Normally, the price tag isn’t all that should be shouldered as there are also mortgage overdue, taxes, and documentation costs. All of these should be paid within the period allotted.

Third, there are personal risks such as the capacity of the owner to raise huge amount of money to cover the necessary expenses to reown what used to be under his namesake. During the financial distress, there might be other expenses that arose such as unpaid utility bills, credit charges, and school fees. These can come on top of regular costs of daily food and travel.

There can also be associated risks that can pop up from the situation such as when relocation is an option until such time that the house is reowned. If moving out is the top choice, then there can again be expenses that could eat up the amount trying to be earned for the redemption. But there are circumstances when the third party would still allow the owner to dwell until it is redeemed or until the redemption expires.

The redemption period is like a last ticket to a must-see movie. But unlike movies which can possibly be streamed on the internet, reownership of a house is tricky. It concerns effort, time, and money. These three needs to be combined seriously along with the right mixture of perseverance in order for the redemption period to be a fruitful endeavor towards repossession of the property where memories and moments are shared and created.

If you are currently under a redemption period and you’re quite unsure of the steps to take, your friendly local real estate agent is just a call away. He will be more than happy to guide you step-by-step and will even give you advices on the situation.

Selecting Great Beach House Plans – House Plans

If you are planning to build a beach house then you should know that planning is crucial to such construction. Beach house plans are essential because of the fact that there are a lot of considerations involving construction on the shore. Here are but a few of them:1. FoundationEven the Christian Bible will tell you that the beach is not a great place to build strong houses on. This is because the sand can serve as a pretty weak foundation.The action of the water and other elements can pretty much make your house collapse into nothing if you are not careful. Because of this, you need to have a beach house plan which takes this problem into careful consideration.The beach house plan you get has to have a plan regarding what to do in order to strengthen the building’s foundation. Thankfully enough, technology today enables people to do this at a price that’s not so steep.2. Wind actionMost people find that the biggest irritation with beach houses is the wind. Sure, a cool breeze is probably the best thing you can have when you are under the sun. However, cool breezes are not the winds that the sea produces.Combine strong winds with the beach, and you’ll end up with something akin to a sandstorm. You need beach house plans which take advantage of this and which actually help you make sure that the wind does very little to damage your home.Some beach house plans accomplish this through materials. Certain materials are strong enough to withstand the onslaught of even a hurricane and these are used according to beach house plans.Other beach house plans do this through design. Basically, these beach house plans design the building so that it is aerodynamic. This makes the wind pass by it with very little resistance and thus, practically no damage.3. Overall structural integrityAs said before, beach houses are constantly exposed to the elements. Be it wind, heat, moisture, etc.Because of this, it is always important to see if the beach house plans that you are getting take every little factor into account and design the house to be able to withstand the onslaught of nature. This is just a small price to pay for the beauty and luxury of living on the beach.As you can see, there are a lot of reasons for getting dependable beach house plans. It is not really all about the looks. Getting beach house plans is just like making sure that you will be able to truly live someplace nice and which will keep being nice as time goes on.

How to Speak With a Seller When Buying a House

Having a serious conversation with another human being is not necessarily easy, especially if you don’t already know the other person. This can be especially difficult if you’re used to working alone in a closed environment like an office or factory. And the ultimate difficulty comes when you’re not confident about your side of the conversation.

Which leads me to the question at hand: how do you speak with a seller when you’re trying to buy their house?

What’s the “pitch”?, I’ve been asked.

Let me start out by assuring you that you’re not trying to create a sales pitch, at all. In fact, this isn’t about selling anything – it’s really about creating a relationship. It’s about listening. It’s important that you talk honestly with the seller, not about yourself, but about them.

People buy from people they like. People sell to people they like.

Following are some negotiation key points:

1. Speak with the owner. The first thing you want to establish is that the person you are speaking with is the person selling the property. It’s important to be communicating with the ultimate decider. You don’t want to work your way to an agreement with the person who met you at the house only to find out that someone else is actually on the deed (the real seller) and doesn’t agree with the terms that have been created.

2. Find out why the home is being sold. Selling a home is never about the house, it’s about the situation the seller is in. There are as many reasons to sell as there are sellers – downsizing, job loss, transfer, illness, divorce, etc. The house is the result of the situation, not the cause.

3. Create a solution. You won’t be their only solution, of course, but you do offer one. Once you have a relationship established, you talk numbers. What they want/need; what it is actually worth after repairs vs. what they think it will be worth; what repairs will cost.

4. Make the offer. What you can offer and why comes last.

And what you plan to do with the property after you purchase it is totally irrelevant to the seller – they just want to get their property sold – so don’t start explaining why you’re buying it. By the time you show up for your appointment, they should know you’re not going to live in the property and that you intend to make your own profit, but they’re not generally interested in our lives. Your focus needs to be on the seller, on their needs and their situation, so relax and plan to listen – a lot.

The negotiation is not a game. It is not a trick. You’re not trying to “win” anything. You’re helping sellers. You’re having a conversation. Think about how you would want to be approached if you were selling.

And always remember, you’re dealing with a person, not a property.

What have you found helpful when negotiating with a seller?

3 Tips For Buying Land and Building a House to Sell

“Sell Your House Fast in The Bronx, NY. Call Today and get an Immediate Cash Offer!

we will buy your House for Cash in The Bronx New York… don’t wait months for a realtor to sell your House. Call or Text us today and we will make you an offer within 24 hours! – 347 685 9317

Selling your house with a realtor can get quite overwhelming and stressful. We hear you asking “how to sell a house fast” or “I need to sell my house fast Bronx, NY.” We buy houses for cash and take care of everything for you. You don’t need to waste a lot of time and energy listing your house with a realtor, only for the deal to fall through last minute. We specialize in quick house sales in The Bronx and surrounding areas and ensure that we buy your house in 14 days or less.

As a homeowner, it is never easy to sell a house, a house that you have probably spent considerable amount of time and energy. There are various steps to selling a house by owner the regular way, which includes:

Getting the home repaired and cleaning the house.

Having a complete and thorough maintenance check completed.

Taking care of all the inspection details.

Listing a quick house sale Bronx for cash.

Listing your house with a realtor. Ugh!

Having multiple buyers visit your home to see it before actually finalizing anything.

Waiting for the prospective buyer to actually buy your house.

Negotiating the market rate, which can fluctuate.

The list goes on and on and on and you will wonder “how to sell your house quickly?” We Have the Answer! We will Buy Your House in 14 days or Less in “as-is” condition and will pay you in cash. You don’t have to worry about renovating, repairing or having any inspections done. And the best thing is we will take care of ALL the paperwork for you to sell your house quickly in The Bronx NY.

We buy houses Bronx, NY and help property owners like yourself to overcome the stress and strain of selling your home. We understand that selling a home is never an easy decision and it could be rooted with multiple reasons like- Divorce, Death, Relocation, Unable to pay mortgage, etc. We don’t have to know all the details and and never judge anyone. We’ll just offer you a fair cash price to buy your home in The Bronx “As Is.”

More reasons to choose when asking yourself how to sell a house fast in The Bronx, NY:

Avoid stressful paperwork- There is always a lot of paperwork involved when you want to sell a house fast. We simplify this entire process and make it extremely easy and facilitate a quick house sale in The Bronx, NY.

Repairs- You do not need to repair or renovate your house or even clean it up for that matter! We buy houses in “As Is” condition and do not put you through the stress and strain of running around and chasing contractors to get work completed!

Foreclosure – If you have have had a loss of income through loss of job or divorce you may not be in a position to pay your mortgage. Even if you list your house it can take months to sell and it may still go into foreclosure before there is an actual buyer.

We can help you if your house is in any condition and in ant part of The Bronx, NY. And we will close in your time frame, when YOU are ready!

We are your quickest way to sell a house. Whatever condition, whatever location, We Buy Houses in Queens, Brooklyn, Manhattan, Staten Island, Westchester County, Rockland County, Putnam County & Long Island, NY. Call Now and get an absolutely hassle-free, all cash quote within 24 hours. Call or Text us to help you sell a house quickly in Bronx, NY today! – 347 685 9317 – You’ll be happy you called 🙂

Even if an agent can’t sell your house, we can help. (Sometimes selling a house through a real estate agent is not for everyone.)

And as a bonus…

you don’t need to clean up and repair the property

don’t waste time finding an agent who you trust and who can deliver on their promise of selling your house quickly

you won’t need to sign a contract that binds you to an agent for a certain term

or deal with the paperwork and the waiting and wondering (and hoping)

We’ll know very quickly if we can help you, and unlike selling through an agent, you don’t have to wait to see if the buyer can get financing… we’re ready to buy right now!

Give Us A Call Now At: (347) 685 9317 or https://www.fairofferny.com/

Realtor Can Help You Sell Your Home

SELLING REAL ESTATE TODAY IS STRESSFUL

Selling a house often proves to be a tense moment in someone’s life. There’s so much to do in preparing a home for the market and getting a home in the market – and then finding potential buyers for the property. With all the houses on the market currently competing for a small group of buyers who fulfill much smaller requirements, it is increasingly difficult for any home to stand out and sell. That’s where the top real estate agents in the Tampa Bay area can help.

FINDING A TOP SELLING REALTOR

Finding a great agent does not have to be difficult. One of the best ways to find the perfect agent is through word of mouth. By talking to both current and past clients of an agent, a seller can better get an idea of exactly what that agent has to offer. When selling Tampa, Florida real estate, the services an agent offers are often crucial to executing the sale of a home. And you may wish to inquire if the agent is certified by an independent company for quality service. The QSC offers a rating of real estate professionals.

REALTOR SERVICES

The first, and most basic service, is pricing the home so that it will sell. Another important service is keeping the seller informed, in a timely manner, of any changes in the market that will impact the selling price. Once a competitive price has been established the home will be listed in the MLS (multiple listing service), allowing for those looking for Tampa, Florida real estate to find prospective homes.

I INTERNET IMPORTANT REAL ESTATE SALES TOOL

Internet marketing has become increasingly more critical and most of the real estate internet sites get their information from their local MLS. Some top public home search sites are Realtor.com, Zillow.com, and Trulia.com. Historically, advertising in newspapers and magazines was an important aspect in marketing Tampa Bay Real Estate, but those days are definitely over.

A great real estate agent will take the burden off the homeowner and can make selling that Tampa, Florida real estate a much less stressful process than it might otherwise be. It pays to work with a proven professional.

House Insurance Online Guide: 5 Mistakes You MUST Avoid When Buying Home Insurance

Home insurance is something that most people require. While it is very easy to search for house insurance online, it's not as easy to actually select a policy. There are plenty of mistakes that people make when selecting coverage. Just one mistake can cost you dearly.

Since it's probably one of – if not THE – most valuable asset you own, it's essential that you buy the correct type of insurance for your house.

Here are some huge mistakes you'll want to avoid when purchasing house insurance online:

Mistake # 1: Underinsuring your home

Many people go with the lowest price thinking they will save money every month. They buy only enough insurance to cover the mortgage, or only insure the house for its real estate value, in the gamble that the house won't burn to the ground or get flooded out.

But that shouldn't be a gamble you take. What you should do is buy enough coverage so that you will easily be able to rebuild the home. Building a house usually costs more than what it is worth – especially considering the increase in construction prices.

Mistake # 2: Not buying contents insurance

Don't forget about the actual contents INSIDE the home when shopping around for house insurance. Make sure the policy includes your personal belongings. What are you going to do if your favorite, expensive piece of jewelry is stolen? Or all of the furniture, floors, and appliances on the first floor and basement are destroyed in a flood?

Mistake # 3: Overestimating your amount of coverage

Don't just assume that because the monthly payment is high that it covers everything. You must know all of the details of the policy. You could end up filing a claim for nothing. Before making any agreements with an insurance company, make sure you understand what is covered, what is not covered, when you will be allowed to make a claim, and for how much.

Mistake # 4: Not setting your deductible correctly

Another common mistake many people make when buying house insurance online is setting their deductible either too too low or too high. With too high of a deductible, you could end up with large premium payments. With it too low, you will wind up paying more out of the pocket when something goes wrong.

Mistake # 5: Ignoring certain types of weather coverage

Whether you live at a high elevation and don't think you'll need flood coverage, or live outside of an area prone to earthquakes and don't think you'll need earthquake coverage, you are mistaken. Anything can cause a flood, including a plumbing disaster. Even if it's not your entire property, you'll still have some damages to worry about. As for an earthquake, there are states other than California, HI, and Alaska to worry about. There are Faults in other parts of North America as well.

Keep these factors in mind when searching for house insurance online . The best place to start is with Lemonade. It offers a variety of affordable policies for homeowners and renters, and even covers contents. If you're lucky, you might even be able to find Lemoande sales and coupon offers.

Burn for Conversion – Unique and Interesting Home Today

For most people, it might not be expected that an old Barn can be converted into a very decent, unique, and attractive residence. Even though this is not a method of building a house in general, it has become increasingly popular lately. There will always be problems when going to build a house, as well as when we will turn a burn into a decent place to live. The basic problem experienced by most people is the lack of knowledge. Knowledge of Barn for conversion is very important so that the conversion process will runs smoothly, effectively, and most importantly, saves money.

Not all barns come in good condition, and almost all of these buildings need basic repairs before major renovations. Weak roofs, damaged floors, falling boards, are common problems when you buy Burn for conversion. Do not have too many requirements when you intend to buy one of the Burns in your area, because if you are too radical to maintain your standards, then you will have difficulty getting a unique home from Barn. For people who don’t have creativity, maybe an old barn won’t give you many ideas, but if you look at the various references out there you might be amazed to see unique living room, dining room and kitchen located in the old Barn.

In essence, you must understand the science of layout, art, and furniture. For example, the kitchen, you can do many things here. Not all subordinate material has to be replaced, if you think brick walls, windows, doors or ceilings still give a unique impression, better not to replace them, but they need to be polished to look young again. What about furniture? The choice of furniture depends on your taste; you can choose modern and elegant furniture or prefer a simple model but made of quality materials such as marble. You can also choose kitchen cabinets and ovens in white. The most important thing is the selection of furniture must be able to give a broad impression.

Choosing a Barn for conversion for housing in the modern era is a unique and interesting idea. Even in modern cities like London, Barn for conversion becomes a lifestyle. More and more people are interested in this property because of its uniqueness. There are several methods that can be applied to convert a Barn into a unique and attractive residence. One method used is standard housing construction. The cost for this method sometimes exceeds standard construction, but you will get a Barn that is more like a stylish residence. Another method that can be applied is to renovate with the same material as Barn. All materials and even the manufacturing method must be the same as the previous one. This method aims to keep the old Barn’s charm intact. Maybe you just need to go to a local saw factory to buy rough saw boards to make interior floors and walls. This method will obviously save thousands of dollars.

How? Are you interested in buying Barn for renovation? If so, then it is normal. A Barn will not reduce your social status; home from an old Barn will actually increase the selling value of a property.

Top 10 Things To Consider In A New House Plan – House Plans

Seeing that I have recently finished building our new home I thought I’d share some insights into the design of a new home. There are many new house plans available today and the sky’s the limit on features and styles. The biggest problem with the design process is once we’ve decided that we’d like to build a new home human nature kicks in and we want it to happen over night. The problem with that is we typically don’t spend enough time evaluating and considering the design aspects of the new house. The most important thing to remember is spending extra time in the beginning will prevent you from having second thoughts once the house is done. The following list are ten important things to consider when choosing a new house plan.1. Style – I think the style of the home is the best place to start. The style of the home will connect with so many of the choices you make so its important to spend some quality time thinking about the style you’d like to live in. Are your preferences more modern or traditional? Do you want a house that is similar to your neighbors? What house style will hold the best value in your neighborhood? What style house will closely match your interior style and existing furnishings? These are all questions that you need to ask yourself and your family. This was a tough question for my wife and I as we grew up on two sides of the country and our styles are very different.2. Number of Bedrooms – This question may seem simple and easy to answer but it is worth thinking about and discussing. The easiest answer to this question would be based on your current family size and needs. You may need a two bedroom today and need a four bedroom down the road when your family grows. Or maybe you need four bedrooms today yet your kids will be off to college in a few years.3. Single Level Vs. Multiple Levels – Whether or not your new house has only one level or more is really a personal decision. Some people really enjoy having single level living with no stairs to climb up and down. Some people prefer the more traditional cape and colonial home styles with bedrooms on the second floor. Some land sites are quite small and someone looking for decent square footage may only be able to build a multi-level house. If you think you may retire and live in your house as you get older the single level house may appeal to you.4. Master Bedroom Suite – Today’s new house plans typically offer a master bedroom suite. These suites often have generous closet space, large private bathrooms with soaker tubs, jetted tubs, large walk-in showers and even walk-in closets. These suites generally increase the value of the home and make the house more marketable if you sell in the future.5. Bonus Rooms (Laundry, Play) – One of the most popular trends in today’s house plans are dedicated laundry rooms and the renewed popularity of pantries. In fact, in my new house we made the mudroom a combination laundry and pantry. Some house plans offer laundry on the second floor of multi-leveal houses. A word of caution if you choose a second floor laundry. Make sure you insist that some type of extensive drain system be installed in the unfortunate case there is a broken washing machine hose.6. Number of Bathrooms – The average number bathrooms in new houses has steadily increased over the years. The average home in the US has 2 1/2 baths and the average appears to be heading towards 3.7. Kitchen Style – I could write an entire article on this topic, however, the main point here is that many house plans have just a basic kitchen layout. My suggestion is find a house you like and then modify the kitchen to your liking. Plenty of home supply stores will design you a new kitchen free of charge based on the floor plan so don’t let a simple kitchen layout deter you from a house plan you really like.8. Floor Plans – When evaluating floor plans try to visualize how you will furnish the house and how you plan on using different rooms in your daily life. Get a tape measure and measure rooms in your current house to get an idea of how big a 12’x15′ room really is. Often people have a hard time visualizing the size of a room and later when the house is done they are not happy with the size. I really suggest spending time on the evaluation.9. Functionality – The functionality of the new house plan is really one of the most important aspects for your long term comfort and use of the house. If you put the dining room on the other side of the living room so that you have to carry meals through the living room you will soon realize that’s not very functional. The same is true about the proximity of bathrooms to bedrooms. Again, I think its important to compare where you currently live to the house plan and think about your likes and dislikes.10. House Site – The house site can sometimes play a big part in the style, floor plan and functionality. For instance, if you have a very small site you may need two floors. Or maybe your lot is really hilly and needs a drive under garage. Just make sure that when you pick a couple of plans you evaluate them based on the lot as well.If you get one thing out of this article remember this, plan, plan, plan and plan some more. The more you plan and evalulate your new house plans the happier you will be when you’re finally living in your new house.