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Buying and Selling Property Online For You

To keep up with modern developments, almost any industry or company needs to engage with the internet, and the real estate industry is no different. The online property market has grown rapidly, because it is convenient, fast, and cheap.

Generally, the way that people who are buying and selling houses meet each other is through online classifieds. This is the digital analogue of the old ‘for sale’ sign on the street front, and there are numerous websites where you can look for or place a house.

Or else you can go to one of the online auction sites, which are another haven for internet real estate. As well as looking for properties on the internet you can also use it to find agents and brokers to help you.

A step up in technical specialization from the online classifieds is the property website service. Generally, you pay a subscription, and then the service will provide more advertizing for your property by heightening your search ranking.

Another up and coming innovation, which both professionals and amateurs alike a started to use, is the burgeoning social networking sites. Weblogs and sites like Facebook and MySpace are great for not only putting your house own, but also at finding more people who are looking to buy or sell.

One of the best things about these sites is that they are more intimate and friendly. Most of the time you will have a common connection and this engenders a trust and reliability other methods do not.

Some of the more progressive types have started to hyperlink their real estate’s website onto their newsfeed on Facebook. It should be noted though, that you do not want to pester all your friends, so do not become overzealous with your sales techniques.

It is becoming easier and easier to buy and sell property online these days. You are able to not only reach people a lot quicker and easier, but now you are able to reach more people.

 

Buying and Selling Property

If you are planning to buy or sell a residential or commercial property, it is important to get or pay the right price. Here are a few tips that will hopefully help make sure you do. Consider your needs and requirements.

This may sounds obvious but buying property can be very exciting and many people get caught up in that excitement and forget what their requirements are and buy something that they later realise isn’t suitable or wasn’t really what they wanted.

Think very carefully about the location, the architecture, for example a listed building may look beautiful but if there is any changes you would like to make will you be able to?

If you are selling a property, you need to be sure that you are getting the correct value. Have a look at the price of any similar properties for sale or that have been sold recently in the same area. A local estate agent can value the property for you, if you feel their estimate is very different to yours then ask them to explain why they value it at that price. It almost goes without saying the better order your property is in and the more popular features it has the more money and interest it should generate.

Whether you are buying or selling a property the state of the property market is vitally important. If the market is buoyant and prices are high then it may be a good time to sell your property but it wouldn’t be a good time to try and buy an investment property. And of course vice versa if you are buying a property, you may be able to find a much better buy whilst the market is slower and property isn’t being sold at such a high rate.

If you want to buy and sell properties quickly and easily, you need to find a good local Estate agent that you can develop a relationship with. They will then list your property usually in classifieds and local newspapers and most importantly these days on the internet. Similarly they can make buying property much easier, they have list of property for sale and you can give them your specific requirements and they will show you properties that are suitable.

A good estate agent can make buying or selling property a more pleasant and straight forward experience. Visit Estate Agents in your country for more help and advice on buying or selling property

 

Tips for You When You Are Dealing in Property and Real Estate

Dealing in property or real estate is one of the most important decisions in your life. For many of the people this may be once in a life time decision when they want to own a new home for their family. It is therefore important that you keep you every step safe when you are dealing in real estate or any property.

In the time of financial crisis it is very much crucial for everyone to keep themselves on the safe side before they plan to invest in property. There are many of the things that you should keep in mind before going further.

• First of all it is very important for you that you look and examine the property carefully before buying it out. You should never pay any money before visiting the property you are purchasing. You should know what you are getting and what it is worth for.

• Then you should get an idea about the cost of the property. Different real estate properties are available at different rates which mainly depend on various factors. The location is one of the most important factors which decide the value of any property. You should get the idea about it.

• Many of the sellers may increase the cost of the property simply because it’s an old one. But the old property does not necessarily mean that it is right for you and you should look carefully about the advantage of getting it at the right price.

• Then it is ms for you that you hire a professional and expert in the field. It is important that you do all the necessary paper work and other legal work after consulting a real estate agent. With their help you will reduce the chances of being scammed and you can get the best deal you are looking for.

 

A Home Buyer’s Caveat: KNOW What You Want!

There are a number of reasons, individuals begin to search for a home, of their own, or a new home. While some, are focused on their needs, goals, and priorities, others become absorbed by the concepts of the so – called, American Dream, of owning a home, of your own! Smart home buyers must be ready, and prepared, to proceed, with their eyes – wide – open, so they clearly, KNOW, what they seek, and what they might afford, as well as what will serve their needs, both today, and into the future. With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why it matters.

1. Knowledge; keep it; kitchen: How will you decide, if a particular house, is best for you, and your true needs? Will you take the time, and make the effort, to learn, as much as possible, about the options and alternatives, as well as relevant aspects, and use your knowledge, to make you, a smarter, better prepared consumer? Are you considering, using this house, as a starter home, or will you keep it, into the foreseeable future? Why do you believe you will be happy, and well – served, living there?

2. Needs; nuances; niche; necessities: How will you determine your needs, goals, priorities, etc? How will a particular house, make you happier, and satisfy your need? Are there, specific nuances, which you believe, are most essential, to being happy, in your home? Would you identify, with some specific niche, and why? If you considered things carefully, can you differentiate between necessities/ priorities, and your personal, wish list?

3. Objectives; options; organized; optimize: Begin your house hunting, process, by clearing understanding and knowing your personal objectives! What specific options, are most important, for your present, and anticipated future, life style? Is the specific house, capable of being organized, to address your priorities, and is it possible to optimize your living experiences?

4. When; why; where; what; wonderful: When do you want to move in, and when do you need to? Why are you looking for a home, and this specific one? Is it located, where you will be best – served? What is needed, and necessary, to make your living experience, more wonderful?

Before you commit to buying, the best home, for you, KNOW what you need to know, and be prepared, as well as what, you seek, to be happy there! Will you commit to the process?

Why Every Home Buyer Should Do Mold Testing Before Buying A Home

No one wants to buy a house when it has a mildew problem. Unfortunately, spores can grow in places that potential buyers cannot see such as around leaking pipes and between walls. If you are considering buying a home; learn about spore detection, request that specialized testing be done, require that the seller disclose all mildew issues, and stipulate that the problem, if any exists, be resolved before you purchase the house.

Begin The Process By Asking Your Home Inspection Professional About Possible Damage

If you have a home inspection professional inspect the premises before you buy the property, he or she may see obvious signs of water damage during their inspection of those less seen places. While it is not their job to look for spores, most home inspection professionals will mention noticeable signs of water damage and the possible presence of spores. Also, do not be afraid to ask the inspector if they saw signs of mildew or noticed potential problem areas and ask them to include their observations in their report.

Set Mold Testing As A Top Priority

For individuals who are sensitive to spores, a home inspection specialist’s observations may need to be augmented by a mold testing expert. While some species of spores are visible and will often times produce an offensive odor, others can grow in areas that are less noticeable such as in wall paneling and under ceiling tiles. Specialized testing can unearth a potential problem, pinpoint the source, and determine the severity of the situation through the use of air sampling; swab and tape lift sampling, moisture mapping, and thermal imaging.

Mold Remediation Options

If spore growth is recent and confined to a small area, the issue can be remedied by scrubbing the area with detergent followed by a solution of bleach and water and then allowed to thoroughly dry. For problems that have been allowed to exist for long periods of time, a remediation expert could be the best option. For elevated levels of mildew, a mold remediation company will eliminate spore sources, clean the air with specialized equipment, apply antimicrobial treatment to infected areas and areas that could become a possible source, and dispose of items that cannot be cleaned. After mold remediation has been completed, the company will run a clearance test to make sure the problem has been eradicated.

Addressing Remediation Before Purchasing A House

If you purchase a house and later discover it has a mildew problem, it will be too late to ask the seller to defray the costs for spore remediation and for fixing the damage. This is why it is important to have mold testing done before purchasing the property. If testing reveals mildew issues, the buyer can ask the seller to reduce their price to cover mold remediation costs or can ask the seller to remove the mildew before the contract is signed. Be alert; protect your interests from the beginning.

Three Critical Factors to Consider When Buying a Home Or Lot on Lake Murray South Carolina

All real estate is not created equal, and this is certainly true with waterfront property on Lake Murray South Carolina. Understanding what to look for can help in the decision making process and can also help to ensure years of enjoyment from your lake-front home. For most people, the three critical factors to consider when purchasing water-frontage on Lake Murray are whether it has fringe-land, whether the property can have a private dock, and whether it has year-round water.

The first critical factor is fringe-land. Fringe-land is a term used by SCE&G (South Carolina Electric and Gas) which basically refers to a seventy-five foot wide strip of land which is owned by SCE&G and lies between the edge of the lake and the adjacent waterfront property.

Owners of the adjacent property only have foot access to the lake and are restricted from encroaching upon the land or cutting trees or shrubs on the land without written consent. While the majority of properties on the lake do not have to contend with this “vegetative buffer”, there are still many properties in the more rural areas of the lake where this is a consideration. Generally, properties free from fringe-land are more desirable.

The second critical factor is the ability to have a private dock. Not all Lake Murray properties can have private docks. SCE&G controls dock permitting, and they have strict guidelines governing permit issuance. Properties that have the ability for a private dock are in more demand and typically command a higher price than those with only a shared dock or with no dock at all.

The third critical factor is whether the property has year-round water. With Lake Murray being a hydro-electric lake, it has an annual draw-down in the fall and winter. The result for land owners is that some properties might be “dry” during the low period. Unfortunately, most real estate agents do not understand how to properly evaluate this aspect of lake properties.

Often times properties will be presented as having year-round water, but they don’t. This is not usually intentional deceit on the part of the listing agent, but usually just a lack of skill. If you plan on purchasing a home or lot on Lake Murray, be sure your real estate agent can do a USGS based depth analysis on any property of interest.

When buying any real estate, you should perform proper due diligence. Now you have an idea of what to look for when considering making a purchase on Lake Murray South Carolina. See you on the lake!

Reasons For Buying, Your Starter Home

Although, we often, consider, home ownership, as one of the core ingredients, in the American Dream, the financial realities of doing so, often, begins, with buying a starter home, rather than, the home of one’s dreams! As a Licensed Real Estate Salesperson, in the State of New York, I have often discussed, this concept and approach, as opposed to simply, waiting, and hoping, for the ability, in the future, to buy something else. Life is evolving, and our needs, goals, priorities, and perceptions, often, change over time. Many of us, must, decide, if buying something, focused on now, rather than for the longer – term, may be a smart approach, and alternative, to merely, renting. With that in mind, this article will attempt to briefly, consider, examine, review, and discuss, some reasons, for purchasing, a starter house.

1. Renting versus buying: When one rents, all the funds, are merely expenses, and go, to your landlord. They become, similar to, paying monthly charges for utilities, and bills. If there is an affordable way, to purchase a house, rather than, merely, renting, you become to build – up, and create, a genuine asset, which usually grows, over time! Wouldn’t you benefit, in a real way, from creating value from your monthly home payments, and, eventually, being able to use the proceeds, towards a down – payment, for something, closer to your dream home? If you have collected, at least some funds (or a family member will provide you, with it), then, a starter home, may be a good idea, for you, and your needs, and priorities!

2. What is a starter home?: What is meant, by a starter house? Generally, it means, accepting your current financial abilities, and situation, and creating a process, for building up your total assets, when the time comes. Since, needs, goals, priorities, etc, change and evolve, over time, as long, as this home, meets your current needs, as well as an apartment rental might, it’s often, a smart approach! Many younger couples begin this way, before they have families, or other needs. Sometimes, this permits someone to sell, and buy something more appropriate in the future, while, for others, if the property and neighborhood, permit (and it makes sense), you might expand it, renovate, and enjoy living there, for a longer- term.

Historically, real estate has been, one of the best overall investments, because it handles, both our housing needs, as well as builds equity, while doing so. Since, for most, our house represents our single, biggest, financial asset, doesn’t it make sense, to take advantage of, the possibilities?

Buying a Home? Watch Out For These Estate Agent Tricks

This is the second in a series of three articles warning home buyers and sellers about the main tricks estate agents use to get hold of your money. These articles are aimed at helping you avoid being fleeced by your estate agent.

Selling to buyers

Although we all know that agents are acting for sellers, many are experts in befriending buyers and getting them to feel that they are on our side, working to help us get the best property at the best price. If you’re buying a property you should be on your guard against several sales traps including the block, stock-shifting, pumping up the price, the spider’s web and the sealed-bid scam.

1. The Block

Of all estate agents’ tricks, the block is probably the one people least expect. Most of us assume agents want to sell properties to us and so it doesn’t occur to us that they may be interested in preventing us from buying. There are several reasons an agent might try to block us from buying a property. The most obvious is that they’ve planned a slash-and-grab for themselves or one of their contacts and so don’t want us to disrupt their plans by buying at a higher price than they’re offering. Another reason may be that the agent has a buyer who is also taking out a mortgage through that agent or an associate mortgage agent. The agent can earn almost as much commission from flogging the mortgage as from selling the property and so may be less interested helping a buyer with cash or who has organised their own mortgage. In both these cases, an agent may withhold our offers from a seller or, if they do pass on our offers, they may discourage the seller from accepting them by suggesting that we may not be in a good position to buy. An investigation by one journalist found that of six offers made to estate agents, only two were passed on to sellers.

2. The stock-shift

Buyers may be looking for their ideal home, but agents can only sell the properties they have on their books. Moreover, they have to shift their stock if they are to meet their sales targets. Unless an agent is lucky enough to have properties that perfectly match buyers’ requirements, the only way they can get their monthly bonus is by convincing buyers to take whatever they’ve got to sell. So the art of a successful agent is to influence buyers to compromise and take what is available rather than hold out for their dream property.

There are various ways of getting buyers to compromise. The easiest is to use fear to push you into making an offer. An agent may tell you that they have the perfect property, that this has just come on the market, but that you’ll have to move quickly before someone else snaps it up. Or if a buyer is hesitating, the agent will use the phantom buyer trick and claim that several other buyers are also interested. To add a little colour the agent may also say that one of the phantom buyers is a cash buyer and therefore in a much better position than you. Or an agent may arrange for several buyers to view a property at the same time. This is intended to make buyers believe that there is competition for the property and can lead to buyers being infected by auction-fever – always a great way to spur them into action and push the price up. Typically an agent will say that prices in the area are going up so if you don’t buy quickly, you’ll end up paying a lot more in a few months time. And there’s the sandwich – here the agent shows a buyer three properties with the first and the third being either unsuitable or out of their range and the middle one being closer to what they want. This helps create the impression in the buyer’s mind that there are few properties fitting their requirements and makes them more open to being fobbed off with something which is reasonably close to what they were looking for.

3. The price pump

Research has repeatedly shown that around 70% of buyers spend on average about 20% more for their homes than they had originally intended. So, whatever a buyer may say to an agent about their price limit, the agent already knows from experience that the large majority of buyers can be squeezed well above this if shown a property they like. The simplest way for the agent to push the price up is to claim that they already have several offers on a property, so if you’re interested, you’re going to have to put in a fairly juicy bid. Or else an agent may use the build-up – show you four or five properties, starting with the cheapest and moving on to the most expensive. Most buyers, when seeing a property they really like, will stretch their financial limit rather than letting the property go to someone else. Another tactic is to show you a home that is way above your financial limit. In comparison, any subsequent properties will seem reasonably priced. Or the agent could use the sneer – take you to an expensive property and then suggest that it’s a pity that you can’t stretch your budget to buy such a perfect home. This is particularly easy if the agent can use buyer’s partner or family to pile on the emotional pressure.

4. The spider’s web

In addition to sellers and property developers, agents have a wide web of people who can help them increase their earnings. For example, if an agent convinces a buyer to use a particular mortgage advisor or supposedly independent financial advisor, on an average loan the advisor will pocket about £2,000 and the agent £1,000 to £1,500. Even if a buyer has finance available, an agent might tell buyers that ‘it’s company policy’ to ensure that all buyers get the best loan deals available and so, whether you want it or not, the agent makes an appointment for you to meet a mortgage salesman with business connections to the agency.

Similarly, an agent will usually get generous kickbacks if they pass buyers onto lawyers and surveyors that they regularly work with. An added advantage of using lawyers and surveyors known to the agent is that they will tend to overlook problems with properties to enable sales to go through. In any town or even areas of a city, most agents, lawyers and surveyors will have worked together in the past and none will want to upset any of the others. So even when a buyer believes their lawyer and surveyor are representing their interests, it’s likely that the lawyer and surveyor will be more sensitive about ensuring continuing a good relationship with the estate agent rather than worrying about the interests of a buyer that they will probably never deal with again. When I began to question both my lawyer and surveyor about things they had apparently ‘overlooked’, the lawyer paid me £6,000 and the surveyor £2,500 – this may have been because they were terribly nice people and particularly liked me; or it may have been because they realised their cosy little arrangement with the estate agent had been rumbled and so were keen to avoid any possibly embarrassing explanations. Any buyer who gets caught in the spider’s web of the agent’s business associates may find it a very expensive experience.

5. Sealed-bid scams

If there are several buyers chasing a property, the seller and agent may ask all the potential purchasers to submit their ‘best and final’ offer in an envelope by a certain date and time with the understanding that the highest bid will be accepted. This is a wonderful way of getting the price up as buyers’ competitive natures can cloud their common sense. But the sealed bid process is open to abuse. For a start, the seller doesn’t have to accept the highest offer – a slightly lower cash offer may be preferable to a higher offer from someone who needs time to arrange finance. Also, once the bids are opened, the agent can easily go back to the bidder with the deepest pockets and suggest that if they increase their offer by a certain amount, then the property is theirs. If they think a potential buyer has access to more money, the agent can also lie about the level of the highest bid or invent a phantom bid in order to push the price higher. Or, if they want to do a slash-and-grab to get the property for themselves, a developer, a family member or friend, then an agent may withhold some bids.

The CARDS Approach For Preparing To Buy A Home

Congratulations, and best of luck! You’ve made the decision, to seek, what for many, for generations, has been, which is the essential component of the so – called, American Dream – buying a home, of your own. When one proceeds, carefully, and wisely, and buys, what he needs, likes, can afford, and is located, in an area and neighborhood, you desire, you’ll have the best chance, of achieving your objectives, in a relevant, smart, priorities – oriented way. Since, for most Americans, their ownership of their house, represents their single, biggest, financial asset, doesn’t it make sense to pay keen attention, and get the best results? With that in mind, this article will briefly discuss, consider, and review, using the mnemonic approach, the CARDS approach to home buying.

1. Credit: For those who are well – prepared, before they begin their search and hunt, it has the potential to be, a satisfying, inspiring, motivating experience. An essential aspect and component, is to fully consider, review and prepare, so, your credit is your friend, rather than becoming an obstacle, and/ or worse! Several months before you begin searching, sit down with a recommended, mortgage professional, and gather relevant, meaningful, feedback. Then, address, any, and every area, suggested. Have all the necessary reserves, for down – payment, maintenance, several months carrying charges, etc. Carefully review your Credit Report, and address any issues, and make it, as favorable, as possible! Be prepared!

2. Attention: Pay keen attention to details, and never ignore, even the minor issues, but proceed, in a timely manner, to be, as prepared, as possible. Objectively, introspectively, examine your needs, goals, priorities, as well as limitations, and determine, the best course of action, to pursue.

3. Reserves: Accumulate all the reserves you will need, as well as those which might make you more comfortable! Obviously, you must have the down – payment. Have at least 6 to 9 months, reserves, put aside, for monthly carrying charges, etc. Create a reserve for repairs, renovations, maintenance, etc, so, home ownership, becomes a pleasure, rather than stressful!

4. Debts: Simply stated, reduce all other debts, so you have an easier time, qualifying for the best mortgage! Doing so, also, creates a form of needed, self – discipline! Aim to become your best friend, rather than being your enemy! Also, avoid taking out, any additional, new debts!

5. Savings: Focus on accumulating savings, as well as proceeding, efficiently in areas, such as energy, and other cost – savings, areas

Let the CARDS approach, work for you, so you are best – prepared, for home buying. Will you have the self – discipline?

What You Should Consider Before Buying a Home

Purchasing a home can be one of the most significant events in a person’s financial life. For most people, it can be their largest asset or their biggest obligation. Determining the right time to buy will make or break your investment. If you act responsibly, it could be one of the best periods in time to buy a home. Housing prices are at record lows and deals are in abundance. Taking the proper steps can ensure a return on your investment.

The housing market is definitely a buyer’s market. The truth is that most of the country is still recovering from housing decline that started in 2006. In some areas of the country, some homes are listed at prices lower than the average sedan. This won’t last because indicators are showing that the over all market is showing signs of recovery. Some cities are showing appreciation in median home prices and others are still down. Doing a little research about the city your planning to buy in can go a long way.

Interest rates have remained at an all time low. Prime rate has remained at 3.25% for over 8 years and conventional mortgage rates typically are not much higher. Depending on your loan program you could pay less than prime. Deciding on buying your rate will also be something to think about.

How much can you really afford? This is one of the most important questions. Some loans allow for a max of 50% Debt to income ratio. Note that all conventional loans currently have a 41% maximum ratio before the buyer is forced to pay private mortgage insurance. Keep in mind that guidelines change constantly, so make sure to ask your lender. Even with these underwriting guidelines there is still much to consider. You are likely to have other expenses that are not part of your debt ratios. Things like putting money away for retirement and a child that may be going off to college are important to consider.

Your loan program will be a major factor. 20% is a must for a conventional loan. It allow for an equity position from the start getting into a loan. This gives the owner the ability to maneuver if they have to refinance or sell. anything above the 80% the borrower will be forced to pay private mortgage insurance. The reason for PMI is that in case of default debt will fall in to lien positions. Any taxes owed first, 1st mortgage, 2nd mortgage. that 20% can easily fall into third position which creates the need for mortgage insurance. FHA and VA loans are government subsidized loans that come with their own requirements.