In the real estate world you’ll hear the common refrain of ‘location, location, location’ time and again. And while it’s true that where the home is located has a strong bearing on its appeal and potential selling price, the place has to be attractive as well.
Continue reading “Increase your Home’s Value with a Bathroom Worthy of a Showroom”
When it comes to build your house roofing plays a key role. A strong and robust roof not only creates a safe shelter but also protects your home from nature’s blows for years. With the advancement of technology and invent of techniques we have more reliable and durable roofing materials like copper roofing shingles. Continue reading “Copper Roofing Material to Protect Your Home for A Hundred Years”
There are generally three options for homeowners when they reach the point of selling their homes. They can sell them themselves, they can look toward low commission realtors, and they can go for full service regular real estate agents.
While many homeowners either decide to try and sell their homes without help or go all the way toward full service realtors, the more moderate choice is the low commission realtor, and a number of homeowners have begun to explore this option in recent years. The advantages of this choice will be discussed in detail below. Continue reading “Advantages of A Low Commission Realtor”
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”
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
process.
#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
dangers.
#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.
