If you are searching for a rental home, you better have the right approach. Finding a suitable place to live is never easy. There are things many things that you need to take under consideration before you can make a decision. Continue reading “Renting Homes”
The Cost of Changing Locks on a House
Locksmith companies receive a large number of phone inquiries concerning the cost of changing the locks on a house. Many callers are happy new homeowners. Unfortunately, other calls are the result of criminal acts. When a break-in or other emergency has taken place, restoring security is the highest priority. If it is necessary to replace a lock, one should not procrastinate. Although service fees are inconvenient, compromised locks put an entire household in danger. The fees that locksmiths charge vary based on factors such as their travel distance, the hardware required for the job and the type and number of locks on the home. Some companies offer set rates for specific services, and others charge on an hourly basis. Continue reading “The Cost of Changing Locks on a House”
House prices are still ridiculously high and banks are tightening up their lending, meaning that getting on the property ladder is more of a challenge than ever. Renting a place to live gives you your own space without having to be tied to a mortgage; however it can take quite a bit of work to find the right place to rent for the right price. Continue reading “Take These Terrific Tips for Finding a Fabulous Flat”
Ever since the market crashed back in the late 2000s, many potential
buyers and sellers are getting used to the term “short sale” or “short
selling.” To put thing short, this is a relatively complex process that
enables the bank and the homeowner to agree upon a home purchase/sale
price, which can lead to extremely low numbers. The catch, though? You
have to wait longer than the typical 30-day close date. In fact, it can
sometimes be longer than six months.
To help you learn more about short selling, here are some other tips that
you may want to keep in mind:
#1 Long Closing Time
As already stated, a short sale won’t be completed within a few days time.
Instead, plan on waiting at least three to six months at a minimum.
Since the bank has to get the approval, this relatively long process can
take a long time. Keep in mind that some banks can work a lot faster than
others. For example, your local hometown bank that does mortgages may be
able to get a price approved months faster than a corporate bank.
#2 You have to be eligible
As a seller, a bank won’t just let anyone do a short sale. Instead,
you’re going to have to meet certain requirements. This will include
being behind on your mortgage, meeting certain income requirements,
financial hardship and most of the time, you will have to prove that you
can’t afford the payments anymore. As you can see, it can be a long
#3 Get experience
Keep in mind that every real estate agent isn’t created equally. A
qualified real estate agent will harass the bank until they get answers
while others will just wait until the phone call is made. With that being
said, always make sure that you get the appropriate agent to help you
complete a short sale successfully.
#4 Not 100%
Just because your home is approved for a short sale, it doesn’t mean that
it’s going to be finalized. What you may find is that many short sales
will never meet the end, and it’s because of a few reasons. These reasons
can include impatient buyers, a slow bank or your home simply goes into
foreclosure due to missed payments. Whatever the cause may be, don’t have
your mind set on completing the deal 100%.
#5 Be careful!
A short sale can be a fantastic deal for those that are patient, but there
is one thing that you have to keep in mind. Many short sales could have
potential danger signs. Like any other home that you plan on purchasing,
it’s so important that you get the home inspected. That way, if anything
pops up before you purchase the home, you will be well aware of the
#6 How many lenders?
When most think of a short sale, many think that they are dealing with one
bank. This isn’t always the case. What you may find is that you’re
dealing with more than one bank, and if so, this is where the process can
get complicated. Before the process begins, try to find out how many
banks are involved. While two bank short sales can be completed, the
chances of them being completed, compared to a one bank short sale is low.
About The Author: Kathy is from the website How Much Do
Things Cost? Be sure to check out her website if you ever want to
find out what things such as home goods, surgeries and home appraisals cost. You
can also reach out to her on Twitter @howmuchforit.
1. Choosing The Right Real Estate Agent
Searching for a home is a complex and confusing process even if you have been through it before. Therefore, you need a Colorado real estate agent who is going to be there for you each step of the way. You will not be able to find a home that is right for you unless you have someone representing you who will be a true advocate.
2. Find Someone Who Wants What You Want
Your real estate agent should only be showing you homes that fit your criteria. After all, you are the one who will be paying $100,000 or more on this next purchase. Do not let your real estate agent decide what homes to look at. Most home buyers are looking for specific features within their home. Your agent should be able to show you properties that only have those characteristics.
3. Choose Someone Who Understands The Process Of Buying A House
Buying a house isn’t as easy as buying a loaf of bread. You have to have a lot of paperwork ready, make an offer and then patiently wait until the deal officially closes. During that process, there is a lot of negotiation, competition to have that offer accepted and many other hoops to jump through. Your agent should be able to be honest and upfront with you through it all.
4. Work With Someone Who You Can Build A Relationship With
There may be several Colorado real estate deals in your future. Therefore, you want to work with an agent who you can turn to in the future. Finding and purchasing a quality property will be as easy as a phone call to your agent once you build that rapport. When it comes time to sell the property, you may even be able to save some money on his or her commission.
5. Does This Person Understand Green Principles
If you asked your agent to find you an eco-friendly home, would this person know what you are talking about? To some homeowners, it is very important that the environment is not trampled on in favor of a hot tub that gobbles up water and electricity. If you seek an eco-friendly home, you should find an agent who understands what that entails. Otherwise, you may be working with someone who does not fit any of the other criteria listed above.
Don’t settle for a Colorado real estate agent just because they have a great ad in the paper. Be sure to do your homework before choosing someone to go through the home buying process with. Working with someone who doesn’t have your interests in mind will simply put you in a position where you don’t find a home that you truly enjoy living in.
Please contact us to tour eco-friendly homes in the Denver, Colorado area and thank you for reading our blog. House Calls Realty loves being green!