Buying a house is very important decision of the life. House means the happiness and warmth place of every member in the family. Before decision, you have to set the goal and plan every step by circumspectness. These steps are usefully for decision to buy your perfect house.
Step 1: Set the house target
You have to review your family satisfactions. What you and your members need. Such as, how many rooms inside the house? What is the house style? Or where is your new house? Write all in your notebook!
Step 2: Estimate how much house you can afford.
Talk to the suppliers about the price of interesting houses, promotion or special offers. Survey your finance options. Talk to the bank and your partner about the budget. Keep the number in your mild.
Step 3: The detail of the house.
Follow to the budget in your mild. List the details of the house such as the size of your rooms, the style of the garden, the materials for the floor, the enter decoration, the color outside and inside, doors and windows styles, roof color, or the special things you want for your house.
Step 4: Search for the house target
You have to plan where you can reach your target house. This step you have to concentrate and take time for review, which house match to your plan. Talk to the architect and suppliers where the house is, what are different to your plan? And could the plan adapt to your need?
Step 5: Look at the real house.
Go to the house that you select before decision. Look around and review all details. Ask any questions if you doubt. Don't forget to see the neighborhood and the distance to your office or your child's schools.
Step 6: Deal the price with supplier.
If everything about the house is OK. Deal the price with the supplier and talking about payment. How much money you have to pay at the first time? Read the contract carefully before sign.
Author: P.O. Pharm
Full Article
Elizabethtown KY Real Estate
25.9.07
Seeking Foreclosures Miami For Real Estate Investment
Foreclosures in Miami are appealing for a variety of reasons. Some people see them as retirement or vacation homes; others consider them terrific rental or investment opportunities. Buying a foreclosure in Miami for less than its true market value is a great way for someone to either get their present home at a discount or secure income for their future.
Homes end up in foreclosure, no matter which financial institution--HUD, the VA, or a bank--holds the mortgage on them. As soon as information on foreclosures in Miami is made public, it generates considerable interest.
It's not always possible for homeowners, evening Miami to sell their homes before they go into foreclosure. As desirable the housing markets in some sections of Miami may be, foreclosures can happen before the homeowners have time to find buyers for their homes on their own.
Those homeowners who have not accumulated sufficient equity in their homes and have them go into foreclosure in Miami will often not have enough time to attract buyers qualified to assume the balance of their loans. Those homeowners may become so desperate to sell that they accept offers which are too low, only to have them turned down by their mortgage holders. So the homes are put into foreclosure, and even if they sell for less than what was offered to their owners, the lenders are assured of recovering the full amounts of their loans.
Investors In Search of Turnarounds
Investors see foreclosures in Miami as a prime target, buying when of job shortages and force more homeowners to fall behind on their payments, and selling when real estate prices recover. They will study the listings of foreclosures in Miami for the properties most likely to generate the largest profit in the shortest time.
If those purchasing foreclosures in Miami do not have to put any money to the properties they buy, they will often sell them for only slightly more than the foreclosure price, still getting a profit without having to maintain the properties any longer than is necessary. For more info see http://www.foreclosureshomeguide.com/Pre_Foreclosures on real estate investors.
There are other investors in foreclosures in Miami, however, that look for properties in poor condition and but them at dock-bottom prices. They put enough money in the homes to make them presentable, and sell for their costs plus a nice profit. So many undesirable foreclosures in Miami eventually become transformed once again into desirable homes.
Author: David Faulkner
Full Article
Fort Knox Real Estate
Homes end up in foreclosure, no matter which financial institution--HUD, the VA, or a bank--holds the mortgage on them. As soon as information on foreclosures in Miami is made public, it generates considerable interest.
It's not always possible for homeowners, evening Miami to sell their homes before they go into foreclosure. As desirable the housing markets in some sections of Miami may be, foreclosures can happen before the homeowners have time to find buyers for their homes on their own.
Those homeowners who have not accumulated sufficient equity in their homes and have them go into foreclosure in Miami will often not have enough time to attract buyers qualified to assume the balance of their loans. Those homeowners may become so desperate to sell that they accept offers which are too low, only to have them turned down by their mortgage holders. So the homes are put into foreclosure, and even if they sell for less than what was offered to their owners, the lenders are assured of recovering the full amounts of their loans.
Investors In Search of Turnarounds
Investors see foreclosures in Miami as a prime target, buying when of job shortages and force more homeowners to fall behind on their payments, and selling when real estate prices recover. They will study the listings of foreclosures in Miami for the properties most likely to generate the largest profit in the shortest time.
If those purchasing foreclosures in Miami do not have to put any money to the properties they buy, they will often sell them for only slightly more than the foreclosure price, still getting a profit without having to maintain the properties any longer than is necessary. For more info see http://www.foreclosureshomeguide.com/Pre_Foreclosures on real estate investors.
There are other investors in foreclosures in Miami, however, that look for properties in poor condition and but them at dock-bottom prices. They put enough money in the homes to make them presentable, and sell for their costs plus a nice profit. So many undesirable foreclosures in Miami eventually become transformed once again into desirable homes.
Author: David Faulkner
Full Article
Fort Knox Real Estate
24.9.07
New York Foreclosure Homes and More Basics for Sellers and Buyers
One thing is for certain, the delay in the court system for processing New York foreclosure homes can help some parties involved considerably. The anxious and likely depressed seller of his family home and the nervous yet determined home buyer can both take advantage of the long timeline from Lis Pendens to the day of the auction sale. The process for inner city property foreclosures typically can last as long as 445 days or around 15 months, outside the city limits just a little less than 12 months. This is a general guideline only, every foreclosure is different, and this estimate assumes no delays, no contested action. Lenders non judicial foreclosures, a faster process, are seldom used in New York.
When no workout plan seems feasible to the lender, and the borrower is 90 days overdue with loan payments, the lender will request an attorney to initiate the foreclosure and demand that the borrower hand over the collateral backing the loan. A Lis Pendens is a public record and the starting gun as far as would be investors in pre foreclosure homes are concerned. Whether the buyer is experienced and acting on his own, or seeking to cover the best in opportunities to buy well through a real estate broker, now is the time he uses to communicate his interest, establish a level of trust with the home owner and gain enough information to determine the buying strategy.
Not all homes facing foreclosure will be attractive propositions. Not all home owners facing the loss of their property and lifestyle will be motivated to actively market their home for sale. Or discuss their circumstances freely. Faced with high inventories of unsold traditional housing all around, the owner, seeing a sale before the auction as a final chance to avoid foreclosure, needs time to sell, even at a discounted price.
Basic information to be evaluated once a buyer knows a particular property is in pre foreclosure must come from the search of title. Foreclosure actions can be brought by any mortgage holder, and until the potential buyer knows exactly how much is owed to all lien holders he cannot calculate the existing equity. Ranking of the liens plays its part in the buyer’s strategy, should it be apparent there is no equity, or the loans together are more than what the property would bring at the auction, the buyer can try to negotiate a discounted settlement with the junior lien holders, lowest ranked first, in order to create equity for himself. All this takes time. Here in New York, the home owner has a fighting chance to resolve most of his financial difficulties with a timely sale
Radcliff KY Real Estate
When no workout plan seems feasible to the lender, and the borrower is 90 days overdue with loan payments, the lender will request an attorney to initiate the foreclosure and demand that the borrower hand over the collateral backing the loan. A Lis Pendens is a public record and the starting gun as far as would be investors in pre foreclosure homes are concerned. Whether the buyer is experienced and acting on his own, or seeking to cover the best in opportunities to buy well through a real estate broker, now is the time he uses to communicate his interest, establish a level of trust with the home owner and gain enough information to determine the buying strategy.
Not all homes facing foreclosure will be attractive propositions. Not all home owners facing the loss of their property and lifestyle will be motivated to actively market their home for sale. Or discuss their circumstances freely. Faced with high inventories of unsold traditional housing all around, the owner, seeing a sale before the auction as a final chance to avoid foreclosure, needs time to sell, even at a discounted price.
Basic information to be evaluated once a buyer knows a particular property is in pre foreclosure must come from the search of title. Foreclosure actions can be brought by any mortgage holder, and until the potential buyer knows exactly how much is owed to all lien holders he cannot calculate the existing equity. Ranking of the liens plays its part in the buyer’s strategy, should it be apparent there is no equity, or the loans together are more than what the property would bring at the auction, the buyer can try to negotiate a discounted settlement with the junior lien holders, lowest ranked first, in order to create equity for himself. All this takes time. Here in New York, the home owner has a fighting chance to resolve most of his financial difficulties with a timely sale
Radcliff KY Real Estate
One thing is for certain, the delay in the court system for processing New York foreclosure homes can help some parties involved considerably. The anxious and likely depressed seller of his family home and the nervous yet determined home buyer can both take advantage of the long timeline from Lis Pendens to the day of the auction sale. The process for inner city property foreclosures typically can last as long as 445 days or around 15 months, outside the city limits just a little less than 12 months. This is a general guideline only, every foreclosure is different, and this estimate assumes no delays, no contested action. Lenders non judicial foreclosures, a faster process, are seldom used in New York.
When no workout plan seems feasible to the lender, and the borrower is 90 days overdue with loan payments, the lender will request an attorney to initiate the foreclosure and demand that the borrower hand over the collateral backing the loan. A Lis Pendens is a public record and the starting gun as far as would be investors in pre foreclosure homes are concerned. Whether the buyer is experienced and acting on his own, or seeking to cover the best in opportunities to buy well through a real estate broker, now is the time he uses to communicate his interest, establish a level of trust with the home owner and gain enough information to determine the buying strategy.
Not all homes facing foreclosure will be attractive propositions. Not all home owners facing the loss of their property and lifestyle will be motivated to actively market their home for sale. Or discuss their circumstances freely. Faced with high inventories of unsold traditional housing all around, the owner, seeing a sale before the auction as a final chance to avoid foreclosure, needs time to sell, even at a discounted price.
Basic information to be evaluated once a buyer knows a particular property is in pre foreclosure must come from the search of title. Foreclosure actions can be brought by any mortgage holder, and until the potential buyer knows exactly how much is owed to all lien holders he cannot calculate the existing equity. Ranking of the liens plays its part in the buyer’s strategy, should it be apparent there is no equity, or the loans together are more than what the property would bring at the auction, the buyer can try to negotiate a discounted settlement with the junior lien holders, lowest ranked first, in order to create equity for himself. All this takes time. Here in New York, the home owner has a fighting chance to resolve most of his financial difficulties with a timely sale.
Fort Knox Real Estate
When no workout plan seems feasible to the lender, and the borrower is 90 days overdue with loan payments, the lender will request an attorney to initiate the foreclosure and demand that the borrower hand over the collateral backing the loan. A Lis Pendens is a public record and the starting gun as far as would be investors in pre foreclosure homes are concerned. Whether the buyer is experienced and acting on his own, or seeking to cover the best in opportunities to buy well through a real estate broker, now is the time he uses to communicate his interest, establish a level of trust with the home owner and gain enough information to determine the buying strategy.
Not all homes facing foreclosure will be attractive propositions. Not all home owners facing the loss of their property and lifestyle will be motivated to actively market their home for sale. Or discuss their circumstances freely. Faced with high inventories of unsold traditional housing all around, the owner, seeing a sale before the auction as a final chance to avoid foreclosure, needs time to sell, even at a discounted price.
Basic information to be evaluated once a buyer knows a particular property is in pre foreclosure must come from the search of title. Foreclosure actions can be brought by any mortgage holder, and until the potential buyer knows exactly how much is owed to all lien holders he cannot calculate the existing equity. Ranking of the liens plays its part in the buyer’s strategy, should it be apparent there is no equity, or the loans together are more than what the property would bring at the auction, the buyer can try to negotiate a discounted settlement with the junior lien holders, lowest ranked first, in order to create equity for himself. All this takes time. Here in New York, the home owner has a fighting chance to resolve most of his financial difficulties with a timely sale.
Fort Knox Real Estate
Some Basic Selling Ploys Can Help to Stop Foreclosures
Isn’t it time to give the home owners facing and trying to stop foreclosures a helping hand? So much advice is available (often for free) out there for first time buyers of foreclosures, but what if the home owner has never prepared to sell a house before. As the old hands at it will know, it can be a disruptive experience, time consuming and frustrating. Imagine how much more difficult it will be for the owner selling to avoid foreclosure in a cold market.
What is more difficult for the first time seller of a home she is in danger of losing when the lender calls in the collateral?
• There is no money for essential repairs,
• Little has been done for some time to spruce up the house,
• Pride will play a part, but most will know instinctively that explaining the true circumstances leading to selling will lower the offer price,
• She desperately needs the help of a realtor but knows this means less in the hand to cure the default and get a fresh start.
Here’s some great advice I have accumulated in the past that helps the mindset. Once you have made the decision to sell, it’s no longer your home; it becomes your “property”, an asset you should realise at the best possible value. That goes a long way to remove emotion and have you thinking positive.
You have to have the right attitude about how to sell smartly when all traditional housing (as opposed to actual foreclosures) for sale around you has been for sale for months. From bitter experience you know prices are moving down. After all, you tried unsuccessfully to refinance.
Forget about what the property has cost you, how much you paid for alterations or additions, think only of comparable values in your immediate neighborhood. Comparable means in size, construction, amenities, and state of repair! When prices are trending down, houses that will sell first price ahead of the down curve. You don’t have the luxury of time; your debts are mounting. Price now for the next 3 months rather than list, discount, then list again meanwhile not getting a soul to show to.
Before you make the big decision as to whether paying commission to a realtor is most likely good value anyway, think about all the inexpensive ways you can give your property some curb attraction, something to give a good impression as the potential buyer comes to the front door. Have a thorough clean up and out of clutter and junk, from the entrance to the laundry, outside and in the closets inside. Find the pennies to pay for lawn mowing, and fixing dripping faucets.
Cleaning is so important and sparkling windows and washed down paintwork costs so little yet adds so much to appearances. Not to mention the aroma and the attitude.
Author: philip smith
Full Article
HomeEzSearch
Fort Knox Real Estate
What is more difficult for the first time seller of a home she is in danger of losing when the lender calls in the collateral?
• There is no money for essential repairs,
• Little has been done for some time to spruce up the house,
• Pride will play a part, but most will know instinctively that explaining the true circumstances leading to selling will lower the offer price,
• She desperately needs the help of a realtor but knows this means less in the hand to cure the default and get a fresh start.
Here’s some great advice I have accumulated in the past that helps the mindset. Once you have made the decision to sell, it’s no longer your home; it becomes your “property”, an asset you should realise at the best possible value. That goes a long way to remove emotion and have you thinking positive.
You have to have the right attitude about how to sell smartly when all traditional housing (as opposed to actual foreclosures) for sale around you has been for sale for months. From bitter experience you know prices are moving down. After all, you tried unsuccessfully to refinance.
Forget about what the property has cost you, how much you paid for alterations or additions, think only of comparable values in your immediate neighborhood. Comparable means in size, construction, amenities, and state of repair! When prices are trending down, houses that will sell first price ahead of the down curve. You don’t have the luxury of time; your debts are mounting. Price now for the next 3 months rather than list, discount, then list again meanwhile not getting a soul to show to.
Before you make the big decision as to whether paying commission to a realtor is most likely good value anyway, think about all the inexpensive ways you can give your property some curb attraction, something to give a good impression as the potential buyer comes to the front door. Have a thorough clean up and out of clutter and junk, from the entrance to the laundry, outside and in the closets inside. Find the pennies to pay for lawn mowing, and fixing dripping faucets.
Cleaning is so important and sparkling windows and washed down paintwork costs so little yet adds so much to appearances. Not to mention the aroma and the attitude.
Author: philip smith
Full Article
HomeEzSearch
Fort Knox Real Estate
19.9.07
Conquering Initial Fear As A Real Estate Agent
The success of a real estate agent working online and offline depends largely on the dedication and motivation he has towards the steps he take on real estate marketing. Each task that he faces must be overcome and unfortunately, there is no better way to go around it.
A real estate agent usually begins small and most have probably started without anything at all. They could be entirely passionate about working in the real estate field but what they know about it could be limited. Some may also have the tools to do the marketing tasks for real estate but it could also become a difficult marketing move if proper use of this is not put to work.
Real estate marketing is a difficult task for any person. Don't think that you are the only who are going through mishaps at the moment. There could be a lot of questions a real estate agent might ask even after having worked on a marketing aspect for some time now but the main idea is just to allow everything to flow as how things happen and to have a direction towards where you are headed.
Asking yourself whether you are in the right position to create a marketing step for your real estate is a good way to start. But you also need to ask the right questions. Giving a negative impression to what you have decided to do doesn't help. Saying that you don't know much about real estate marketing is just natural, everybody starts from scratch and as for you, be realistic so you can move on from this phase. Acquire as much knowledge as you can about the subject and if you think you really don't have enough ammo for your real estate market, research as much as you can and add more knowledge as you go along.
As for sending your message across to your real estate market and list of real estate leads, if you are worried of being not knowledgeable enough of the twists and turns of real estate, don't worry. You surely know how to deal with your audience with profession and ethics, right? Just bring out there what you know and combine it with professionalism and you will be surely liked.
It is important for you to trust what you think you could do best in working for this industry because if you don't take courage and step further, you will never get anywhere. Think about the goals you have planned.
Author: Shareen Aguilar
Full Article
HomeEzSearch
Homes Fort Knox
A real estate agent usually begins small and most have probably started without anything at all. They could be entirely passionate about working in the real estate field but what they know about it could be limited. Some may also have the tools to do the marketing tasks for real estate but it could also become a difficult marketing move if proper use of this is not put to work.
Real estate marketing is a difficult task for any person. Don't think that you are the only who are going through mishaps at the moment. There could be a lot of questions a real estate agent might ask even after having worked on a marketing aspect for some time now but the main idea is just to allow everything to flow as how things happen and to have a direction towards where you are headed.
Asking yourself whether you are in the right position to create a marketing step for your real estate is a good way to start. But you also need to ask the right questions. Giving a negative impression to what you have decided to do doesn't help. Saying that you don't know much about real estate marketing is just natural, everybody starts from scratch and as for you, be realistic so you can move on from this phase. Acquire as much knowledge as you can about the subject and if you think you really don't have enough ammo for your real estate market, research as much as you can and add more knowledge as you go along.
As for sending your message across to your real estate market and list of real estate leads, if you are worried of being not knowledgeable enough of the twists and turns of real estate, don't worry. You surely know how to deal with your audience with profession and ethics, right? Just bring out there what you know and combine it with professionalism and you will be surely liked.
It is important for you to trust what you think you could do best in working for this industry because if you don't take courage and step further, you will never get anywhere. Think about the goals you have planned.
Author: Shareen Aguilar
Full Article
HomeEzSearch
Homes Fort Knox
18.9.07
Real Estate to Witness Impressive Growth: Experts
Real estate pundits on Thursday said the sector is set to witness an impressive growth in the coming years as India has a shortfall of 24.7 million housing units.
“Affordability has gone up and the tendency to have a second-home among the youth are contributing to the spurt in demand,” HDFC’s Chief Financial Officer Keyur Shah said at a Ficci-organised banking summit here.
Stating that the real estate sector would require a mammoth USD 40 billion dollar investment to bridge the gap and another USD 65 billion to create the supporting infrastructure, he, however, said lot of equity money is coming into Indian real estate sector sensing huge demand.
Real estate consultancy firm Knight Frank’s chairman Pranay Vakil said the real estate sector was growing at such a rapid pace that it might lead to shortage of workers at the ground level.
He said the growth of the industry would be more widespread and volumes would remain buoyant.
“With the growth of the knowledge sector, the office sector will grow. The housing sector will continue to witness growth as long as mortgage finance rates remain stable,” Vakil added.
Source: IndiaRealEstateblog
HomeEzSearch
Fort Knox Real Estate
“Affordability has gone up and the tendency to have a second-home among the youth are contributing to the spurt in demand,” HDFC’s Chief Financial Officer Keyur Shah said at a Ficci-organised banking summit here.
Stating that the real estate sector would require a mammoth USD 40 billion dollar investment to bridge the gap and another USD 65 billion to create the supporting infrastructure, he, however, said lot of equity money is coming into Indian real estate sector sensing huge demand.
Real estate consultancy firm Knight Frank’s chairman Pranay Vakil said the real estate sector was growing at such a rapid pace that it might lead to shortage of workers at the ground level.
He said the growth of the industry would be more widespread and volumes would remain buoyant.
“With the growth of the knowledge sector, the office sector will grow. The housing sector will continue to witness growth as long as mortgage finance rates remain stable,” Vakil added.
Source: IndiaRealEstateblog
HomeEzSearch
Fort Knox Real Estate
17.9.07
Role of Mortgage & Mortgage Broker
Mortgage is the financial term used in terms of money. Mortgage is a method used to obtain loan on behalf of any collateral security. Mortgage plays the dominant role in the world financial market for the purpose of obtaining money from the mortgage lenders. Mortgage broker is the other important person who helps the people to obtain mortgages from the lenders by securing a collateral security. Mortgaging is the business which fetches more demand among the people and huge number of people are engaged in the activity of providing mortgages for the public.
Generally, mortgages will be provided based on securing any real or personal property for payment of debt obtained. Nowadays, mortgage and mortgage dealers play the important and essential role in the world market. Mortgages are provided by the financial institutions, banks and many other financial sources. Mortgage dealers are available in the market in more numbers and nowadays most of the people are interested in mortgage business. Real and personal properties can be secured as the collateral security to obtain payment debt.
There is standard method of obtaining mortgages loan and each institutions formality differs. Generally, mortgage loan are obtained for construction of residential and commercial properties and for purchase of different kinds of house property. Mortgages are the instrument used for the purpose of obtaining loan or financial sources which can be obtained for different interest rates. Mortgage loans will be issued for different interest rates and the interest rate varies as per the institution and banks issued. Most of the people obtain mortgages for their houses, business, marriage, education or for any other kind of issues.
Arranging mortgage from the financial institution is not the difficult task and for the purpose only mortgage brokers are exist in the market. To arrange credit loans and advances, mortgage brokers provides excellent, unique and uncreditable performance to the customers. Over the past years mortgage brokers were finds to be listed in few numbers. But now due to increase in population and requirement of the people more number of mortgages and mortgage institutions has been started. To perform excellent performance in mortgage business, proper experience and knowledge is required for the business.
Because of the extensive performance and demand of the mortgage brokers, more number of mortgages is provided. Nowadays, mortgage loans are provided for reasonable interest rate to enable customers to obtain mortgages from this kind of banks, financial institutions. The profession of mortgage business broker differs according to each state and his style. Mortgage broker of each state is required to obtain mortgage broker license from the state and federal government to engage in the business. Without mortgage broker license, the mortgage broker cannot able to perform the mortgage broker business.
Author: shijina
Full Article
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HomeEzSearch
Fort Knox Real Estate
Generally, mortgages will be provided based on securing any real or personal property for payment of debt obtained. Nowadays, mortgage and mortgage dealers play the important and essential role in the world market. Mortgages are provided by the financial institutions, banks and many other financial sources. Mortgage dealers are available in the market in more numbers and nowadays most of the people are interested in mortgage business. Real and personal properties can be secured as the collateral security to obtain payment debt.
There is standard method of obtaining mortgages loan and each institutions formality differs. Generally, mortgage loan are obtained for construction of residential and commercial properties and for purchase of different kinds of house property. Mortgages are the instrument used for the purpose of obtaining loan or financial sources which can be obtained for different interest rates. Mortgage loans will be issued for different interest rates and the interest rate varies as per the institution and banks issued. Most of the people obtain mortgages for their houses, business, marriage, education or for any other kind of issues.
Arranging mortgage from the financial institution is not the difficult task and for the purpose only mortgage brokers are exist in the market. To arrange credit loans and advances, mortgage brokers provides excellent, unique and uncreditable performance to the customers. Over the past years mortgage brokers were finds to be listed in few numbers. But now due to increase in population and requirement of the people more number of mortgages and mortgage institutions has been started. To perform excellent performance in mortgage business, proper experience and knowledge is required for the business.
Because of the extensive performance and demand of the mortgage brokers, more number of mortgages is provided. Nowadays, mortgage loans are provided for reasonable interest rate to enable customers to obtain mortgages from this kind of banks, financial institutions. The profession of mortgage business broker differs according to each state and his style. Mortgage broker of each state is required to obtain mortgage broker license from the state and federal government to engage in the business. Without mortgage broker license, the mortgage broker cannot able to perform the mortgage broker business.
Author: shijina
Full Article
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HomeEzSearch
Fort Knox Real Estate
13.9.07
Tears at a Real Estate Closing
The real estate closing was at the title company. The seller was nervous, because she had to do it without her husband, who had moved months before to start his new job. I was a new real estate agent, young and inexperienced. The buyer was a grumpy old man.
She showed me the closing statement. Of course I had seen it, but she wanted to point out that they owed more than what they would get from their home. She would get a few hundred dollars from the closing proceeds, but she still owed $1,000 to her grandmother, for help with the down payment. She didn't know where she would get the money.
This wasn't my fault, of course, and she knew that. They had just bought the home a year earlier and had put very little down on it. They hadn't had time to build equity before her husband's job transfer came in, and my commission, along with the closing costs, ate what little there was. It was just that she found all this out this morning. The title company didn't have the closing statement ready until the last moment.
In any case, she was happier than she had been lately, because the home was finally sold and she would soon be joining her husband. The buyer, on the other hand, wasn't happy at all.
"What's this charge here?" he asked the title company representative who was doing the closing. She explained that it was for the propane in the tank. The seller had paid $300 to have the tank filled, and it was still half full. It was standard procedure to have the buyer pay for any propane still in the tank.
"I'm not paying that $150!" he insisted. The agent who had sold him the home patiently explained that he would have to buy propane to heat the home in any case, so it was only fair that he pay. He couldn't expect the seller to give him $150 worth of free propane. Unfortunately, that's exactly what he expected.
"I'll walk out of here before I pay for that!" he announced, turning red. The seller began to cry. The closing agent tried again to convince the man that this was fair. He again refused.
"I don't care!" the seller almost yelled. "I'll give him the propane." The closing agent left the room to change all the documents to reflect the new agreement. The seller was losing another $150 on her home. She wiped her tears and said, "I hope there's nothing else." Fortunately, there wasn't.
Preparing For A Real Estate Closing
I never did like being a real estate agent. But as you can imagine, after that I was at least more prepared for real estate closings. Here are some of the ways that you can be too.
1. Ask your real estate agent what will happen at the closing, and make a list. Call the closing company to verify that this is correct, and that it is everything.
2. Make sure the other party to the transaction understands everything the same way you do. Ask your agent to do this if necessary.
3. Have everything you need (papers, cashiers check, keys, etc) ready the day before closing, and check with your real estate or closing company agent to verify that you have what you need.
4. When agreeing to use a closing company, make it clear that you will only use one that has closing statements ready at least two days before closing. This way you can resolve any issues that come up before there are tears at the closing table.
Author: Steve Gillman
Full Article
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HomeEzSearch
Fort Knox Real Estate
She showed me the closing statement. Of course I had seen it, but she wanted to point out that they owed more than what they would get from their home. She would get a few hundred dollars from the closing proceeds, but she still owed $1,000 to her grandmother, for help with the down payment. She didn't know where she would get the money.
This wasn't my fault, of course, and she knew that. They had just bought the home a year earlier and had put very little down on it. They hadn't had time to build equity before her husband's job transfer came in, and my commission, along with the closing costs, ate what little there was. It was just that she found all this out this morning. The title company didn't have the closing statement ready until the last moment.
In any case, she was happier than she had been lately, because the home was finally sold and she would soon be joining her husband. The buyer, on the other hand, wasn't happy at all.
"What's this charge here?" he asked the title company representative who was doing the closing. She explained that it was for the propane in the tank. The seller had paid $300 to have the tank filled, and it was still half full. It was standard procedure to have the buyer pay for any propane still in the tank.
"I'm not paying that $150!" he insisted. The agent who had sold him the home patiently explained that he would have to buy propane to heat the home in any case, so it was only fair that he pay. He couldn't expect the seller to give him $150 worth of free propane. Unfortunately, that's exactly what he expected.
"I'll walk out of here before I pay for that!" he announced, turning red. The seller began to cry. The closing agent tried again to convince the man that this was fair. He again refused.
"I don't care!" the seller almost yelled. "I'll give him the propane." The closing agent left the room to change all the documents to reflect the new agreement. The seller was losing another $150 on her home. She wiped her tears and said, "I hope there's nothing else." Fortunately, there wasn't.
Preparing For A Real Estate Closing
I never did like being a real estate agent. But as you can imagine, after that I was at least more prepared for real estate closings. Here are some of the ways that you can be too.
1. Ask your real estate agent what will happen at the closing, and make a list. Call the closing company to verify that this is correct, and that it is everything.
2. Make sure the other party to the transaction understands everything the same way you do. Ask your agent to do this if necessary.
3. Have everything you need (papers, cashiers check, keys, etc) ready the day before closing, and check with your real estate or closing company agent to verify that you have what you need.
4. When agreeing to use a closing company, make it clear that you will only use one that has closing statements ready at least two days before closing. This way you can resolve any issues that come up before there are tears at the closing table.
Author: Steve Gillman
Full Article
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HomeEzSearch
Fort Knox Real Estate
12.9.07
Sell House Fast to Get Cash Fast
Debts, more often than not, are the main reason why many people feel the need to sell their house. Not that this is an one-off instance, but in fact, many more people in Britain are under bad debts than ever before. But at times when situations are more desperate such as defaults on your payments and the threat of possession, this means that you would require to sell your house fast.
You are in urgent need of cash and the only way out could be quick liquidation of your assets. Cash, whatever way it comes, is welcome. And if you own a house, it is the most feasible way to get hold of a large amount of cash. With quick sale scheme, you are able to sell house fast and still get a genuine price of your property and collect cash fast.
So when financial hardships get out of your hand, you can opt for this scheme. The other situation when your financial health may see a damage is during divorce proceedings. One who has been through this knows of the exorbitance of it all. However, what would be advisable could be quick sale of your house. This way you can access enough cash to tide over your expenses as well as separate from your past.
If you have emigration plans anyway, then quick house sale could be an obvious logical move. If you sell house fast, you gain enough time on your hands to proceed with your plans in secure mode, since your house is sold at a desirable price and also you can stay on for a few days until you are ready to 'catch on the flight'.
There are some property trading agencies who are specialised in providing these special services. They will negotiate directly with you, ensuring there is no long chain in the buying process. Internet is the best resource to avail their services in a quick and easy manner.
Author: Derrick Adolfo
Full Article
HomeEzSearch
Fort Knox Real Estate
You are in urgent need of cash and the only way out could be quick liquidation of your assets. Cash, whatever way it comes, is welcome. And if you own a house, it is the most feasible way to get hold of a large amount of cash. With quick sale scheme, you are able to sell house fast and still get a genuine price of your property and collect cash fast.
So when financial hardships get out of your hand, you can opt for this scheme. The other situation when your financial health may see a damage is during divorce proceedings. One who has been through this knows of the exorbitance of it all. However, what would be advisable could be quick sale of your house. This way you can access enough cash to tide over your expenses as well as separate from your past.
If you have emigration plans anyway, then quick house sale could be an obvious logical move. If you sell house fast, you gain enough time on your hands to proceed with your plans in secure mode, since your house is sold at a desirable price and also you can stay on for a few days until you are ready to 'catch on the flight'.
There are some property trading agencies who are specialised in providing these special services. They will negotiate directly with you, ensuring there is no long chain in the buying process. Internet is the best resource to avail their services in a quick and easy manner.
Author: Derrick Adolfo
Full Article
HomeEzSearch
Fort Knox Real Estate
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