The Mortgage Corner

How to Save Money on Real Estate Closing Costs

Posted by on 6:06 am in Uncategorized | Comments Off on How to Save Money on Real Estate Closing Costs

Closing costs are a natural part of any real estate deal. Here are some ways that you can cut down on the expenses that come with closing on your new home. Negotiate When you’re closing your real estate deal, that’s the last chance to negotiate for any other perks before the ink has dried. You may not be able to shave off any more on the closing price, but can your real estate agent negotiate anything else into the deal? For example, perhaps you really love a piece of furniture that was left in the house during staging. Perhaps you could negotiate to buy it along with the property and save yourself time and money on shopping for your own furniture. Shop Around for Closing Services There are a number of legal procedures that you will need to accomplish during closing. Shopping around for title settlement and other services can save you a lot of money. It’s worth finding a company that can do multiple things for you and bundle them together into a fair price to save you time and money during your search. Talk to a company like Whitford Land Transfer to learn about your options. Share Costs With the Seller The seller may also be willing to help out with certain costs that go along with closing. Home inspection is one task that is in everyone’s best interest. A home inspection helps you because it gives you peace of mind in knowing that the house isn’t falling apart. But it’s a good idea for the seller too, since they probably don’t want to have to deal with disputes later if you feel that you were misled. Try to negotiate with your seller to pay for certain parts of the fees involved with closing. They might pay for the home inspection, while you pay for the title settlement fees. Close Towards the End of the Month Prepaid interest can get you if you close at the wrong time of the month. Generally, closing towards the end of the month is the best option for streamlining your mortgage payments to avoid overpaying for this financial service. In short, a real estate closing is all part of the deal and something that you should continue to research carefully when buying a home. There are several ways that you can save money at the last few seconds before closing, so ask your real estate agent for advice on how to be money-savvy during...

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Going To College On A Budget

Posted by on 7:24 am in Uncategorized | Comments Off on Going To College On A Budget

Moving out from your parents’ home to attend college in a different state is a big step to take in life. If you won’t be living in a dorm on campus, you will need to find a place to live elsewhere. You should make sure the place is affordable if you won’t have a large amount of money to spend during your time going through college. There are other things that you should consider in regards to living on a small budget as well. Take a look at the suggestions in this article for some direction on how you can make through college on a low budget. 1. Avoid Paying a Large Amount of Utilities When you start searching for a place to live, make sure it will not put you in a position to pay a lot of utilities each month. The best home option for a college student is an apartment, as you might find one in which the utilities are paid by the owner. If you have to pay any utilities, be sure to choose an apartment that only makes one utility the responsibility of the tenant, such as the electricity bill. You can actually hire a real estate agent to help you to find the most ideal apartment for your needs, such as University Manor Apartments. The agent will also come in handy for finding the most ideal area to live in, being that you are new to the city. 2. Cook at Home as Much as Possible Although eating at fast food restaurants can be tempting as you are going through college, you should avoid eating out. Fast foods can accumulate to be a lot of money spent as time passes by. You should get into the habit of making meals at home. If you are too tired to cook on a daily basis, consider preparing your meals in advance and storing them in the refrigerator. You will then be able to quickly heat them up so you can study and rest. 3. Don’t Purchase Items that You Don’t Need An easy way to live on a low budget while in college is to not spend money on items that you don’t need. For instance, if you go out shopping, you should only purchase your daily essentials. Don’t waste a lot of money on buying clothing, shoes, accessories, and other items. If you want to buy random items sometimes, try to find a bargain store and limit yourself to spending a specific amount of...

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Why You Should Use A Real Estate Agent To Rent Your Home

Posted by on 6:59 am in Uncategorized | Comments Off on Why You Should Use A Real Estate Agent To Rent Your Home

Making the decision to buy a house is a big decision, but choosing to keep your current home as a rental property can be an even bigger choice. If you are in this position, it might be a good idea to hire a real estate agent to help you rent your current home. Real estate agents primarily help people buy and sell homes, but many agents also offer services for rental properties. Here are three reasons you should consider hiring a real estate agent to help you with this. Agents Get Leads One of the best reasons to hire a real estate agent for this is that they receive leads all the time. People do not only call agents for help locating homes to buy or for help selling homes, but many people will also call a real estate agent when they are looking for a place to rent. In addition, real estate agents often know the situations of many clients, and they can offer help for those that need rental properties. For example, if a client’s house sold really fast and he or she was not yet prepared to move, the client might need a rental property for a period of time. The agent in this case would know this and be able to offer the house you have for rent. They Know How To Get The Job Done Real estate agents also know the real estate market well. Hiring an agent can help you determine what work you should do on the house before renting it, and the agent can help you with creating a lease agreement and running background checks. Real estate agents are very good with rental laws too, and your agent will be able to answer all the questions you have. It Will Relieve You Of Duties Finally, you will have to understand how much time and effort it can be when you become a landlord, and you should ask yourself if you really want these extra duties. If you want to keep your home as a way of earning long-term revenue but do not want to be involved in the day-to-day tasks, hiring someone to maintain the property will be vital. If you hire a real estate agent to do this, you will have to pay a commission to him or her; however, you will receive a lot of services in return. The agent will find tenants, fill out paperwork, and handle the repairs that are needed, and this means you will not have to worry about any of these tasks. Renting a house can be a good idea if you have enough money to maintain two households. To learn more, contact a real estate agent...

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4 Tips To Consider Before Investing In A Waterfront Home

Posted by on 3:49 am in Uncategorized | Comments Off on 4 Tips To Consider Before Investing In A Waterfront Home

Having a waterfront home is highly desirable for a number of reasons. Not only will you likely have direct and possibly even private access to the water, but living by the water is also calming and peaceful, and it provides a beautiful view. However, before investing in any waterfront home, it’s important to consider these four tips first: Hire the Right Real Estate Agent: Attempting to purchase a waterfront home without a real estate agent can be challenging. A real estate agent is going to point you in the right direction and find you a waterfront home that fits your needs and budget. This way, you are not wasting your time looking at waterfront homes that you won’t even be able to purchase. However, you need to be sure that the real estate agent you hire is one who has experience and specializes in working with waterfront homes.  Get the Property Inspected: Before purchasing any waterfront property, you should have the property inspected by a professional to ensure that it is structurally sound. When you invest in a waterfront home, you don’t want to have to immediately deal with structural issues because this can cost a ton of money. Plus, if the home has any structural problems, you may not notice it until a larger storm occurs that can cause major water damage and more.  Talk With the Neighbors: One of the best ways to find out about the history of the property is by talking with the neighbors. They will tell you what kind of problems they may have had in the past, such as flooding issues. This is also going to give you a better idea of how the neighborhood is. When you live in a waterfront home, you want to be sure that you are happy with all the perks that the neighborhood comes with. For example, some waterfront homes will be in a community that has a community park, theater, and even a school for the kids.  Find Out About Utility Issues: Some waterfront homes will be located in a community that has some issues with utilities. For example, some will be located in rural areas where it’s difficult to get electricity, cell phone service, and more. If this is something that you do not want issues with, you need to let your real estate agent know so that they can find a community that is better suited for your needs while still being on the waterfront.  When you consider these four tips, you can be sure that you invest in a waterfront home that works best for you and your family. This ensures that your investment goes a long way....

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3 Things To Consider When Getting Your Real Estate License

Posted by on 7:05 am in Uncategorized | Comments Off on 3 Things To Consider When Getting Your Real Estate License

If you are interested in giving yourself a leg up in terms of career potential, real estate is a great area of interest to hone in on. Regardless of the ups and downs that the housing and renting market face, people will always need a place to live. When you want to earn a living that helps people, while remaining potentially lucrative for you, getting your real estate license should be tops on your to-do list. To this end, consider this resource and use it as you think about getting into real estate.  Gain An Understanding Of The Real Estate Business And Figure Out What You Will Do With Your License Getting a real estate license is one thing, but going about it strategically and with a vision in mind should be the objective. Real estate is a multifaceted field — you could sell family homes, specialize in land transfers, acquire and flip vacation properties, in addition to many other real estate ventures. Since the key is getting your license, having a “why” in mind of what you’ll do with the license will keep you locked in when taking courses and studying for the real estate exam. There are a lot of benefits to becoming a state certified real estate agent, which include MLS access, flexible hours that you control and healthy commission potential.  Stock Up On Exam Study Materials When you are looking to pass the real estate exam and get a license, the more study materials you have, the better. Get your hands on the most recent state exam study guide and some practice exams. It would behoove you to also form a study group of people who are after the same goal, to keep each other accountable. Plan out your real estate exam timetable ahead of time and learn where the exam will be held, the fees involved and more.  Satisfy The Necessary Coursework The more you put into getting your real estate license, the better chance you will have to excel at the exam and beyond. Each state has a breakdown of how much classroom time is required, in addition to which courses you must pass. For example, the state of Texas requires 180 hours of course time, split up among many different classes that are involved.  Consider these tips so that you can get the most out of your path toward becoming a real estate...

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3 Tips To Consider When Trying To Sell Your Business

Posted by on 6:56 am in Uncategorized | Comments Off on 3 Tips To Consider When Trying To Sell Your Business

Are you ready to move on from your small business? Whether you are looking for help selling a chiropractic practice, restaurant, or small goods shop, there are a number of things you are going to want to take into consideration before you move forward. Here are three of the first things you should do upon deciding to sell your small business. Be Honest With Yourself About How Attractive the Business Is to a Buyer First things first, why are you selling the business? If you are selling it because it hasn’t been that profitable for you or it requires very long hours every week, stop and consider whether or not that’s going to be attractive at all to a potential buyer. When a buyer goes looking to purchase an existing business, they are going to want to see things like increasing profits and consistent paychecks month after month. If you can’t offer that yet, then going through the trouble of putting your business up for sale probably isn’t worth it just yet. Get a Business Valuation If you know your business is profitable and you have the income statements to prove it, the next step is to decide just how much you want for your business. But remember that how much you want and what your business is actually worth might be two different figures. One way to come to terms with this dilemma would be to hire an official business appraiser who can take a look at your company and your industry at large and give you a rough figure of how much you are worth. Hire a Professional Broker Finding the right buyer for your business may take some time, especially if you want to make sure the business will be handed off to someone who shares your values or someone who will continue your success. Every day that you spend time looking for a buyer or negotiating with someone is potentially time that you are taking away from continuing to run the business. If this goes on for a while, the distraction might actually cause your business to start losing value because the owner hasn’t been around. But today, you can hire a professional business broker for help selling a chiropractic practice, restaurant, or any other kind of business. This person will seek out buyers for you and only come to you when a good offer is on the table. if you are looking to sell your business, first get your financials in order and make sure the business is attractive to others. Then, get an official appraisal of what you are worth and consider bringing on a professional business broker to handle the sale for you. In the meantime, don’t neglect your business if you want to get the maximum offer...

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4 Reasons Bathroom Caulking Is An Essential Improvement When Selling Your Home

Posted by on 10:20 am in Uncategorized | Comments Off on 4 Reasons Bathroom Caulking Is An Essential Improvement When Selling Your Home

When most people consider home improvements that need to be made before putting their home for sale, few think about the bathroom, but the simple task of putting in new bathroom caulking can completely change the look and feel of your bathroom. In fact, it can transform how potential home buyers respond to your bathroom. Simply put, bathroom caulking can be the cheapest mandatory home improvement you make prior to putting your home up for sale. Consider these four reasons why bathroom caulking is an essential home improvement when you’re selling your home. Reason #1: It Has Minimal Costs for Big Potential Rewards Most home sellers wouldn’t imagine that some home improvement projects can be completely for under $20. However, bathroom caulking can be completed for as little as ten bucks, and it can go a long way towards making your home look its best. When people are looking for a home, many home buyers spend time in the bathroom, and they will notice aging caulking and not be happy about it. Reason #2: You Can Do It All Yourself Without Stress Although you would need to hire a professional contractor for many types of home improvement projects, anyone can put new caulking in their bathroom with minimal tools and just a shot amount of time. It likely won’t be a stressful project, either, since it is straightforward and simple. Doing it yourself will save money on an already low-cost project. Reason #3: It Can Alter How Well Your Bathroom Is Perceived Consider how you would feel if you walked into a house you were considering, yet you saw that the caulking in the bathroom was turning brown. It can make the entire bathroom look like it has mildew and mold, and that can make potential home buyers feel like you don’t take care of your home. They won’t want to imagine themselves living in a home that feels neglected. Reason #4: It Can Have an Impact on Your Bottom Line Although it may not seem like an instantly logical conclusion to make, replacing unsightly, aging caulking can ultimately have a big impact on the final price you get for your home. By inspiring home buyers to imagine themselves enjoying the lifestyle that a beautiful home with a well-maintained bathroom can provide them, it can ultimately impact how much they are willing to offer on your home. Small things can have a big impact on the psychology of home buying and how much profit you ultimately get. Finally, keep in mind that you should be sure that the caulking looks new and fresh in every area of your bathroom. That includes the wall by and above the bathtub, the bathroom sink, and the shower stall itself. You will find that applying the caulk is inexpensive and easy compared to other kind of home improvement projects, and it can offer you big benefits when you are selling your...

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Three Updates To Request Of The Management Company Who Runs Your Condo

Posted by on 10:25 am in Uncategorized | Comments Off on Three Updates To Request Of The Management Company Who Runs Your Condo

Hiring a management company to run your condominium can save you a lot of time and running around. Being a landlord is a lot more involved than a lot of property owners are aware of. A condo property management company can take care of the maintenance, tenant needs, and money collection. If you own a condo or several condo units and the management company is taking care of your tenants, it is important that you still stay abreast of certain things. Here are three updates that you should request that your condo property management company provide you with on a regular basis.  Any type of maintenance or property damage The good thing about hiring a property management company is that they can dispatch a professional to take care of any requested maintenance at your condo. Although you may not want to be in charge of getting the maintenance done, you should request to be updated any time that maintenance is requested. You need this information in case you see a pattern of a specific appliance breaking down or issue with the pipes in one of the rooms. This will let you know if your condo is in need of a deeper inspection or needs brand new appliances, instead of constant repairs.  If there are changes to the individuals living in the unit It is important that you know exactly who is residing inside of your unit. Most condos will require that you only allow a certain amount of people to stay in a condo that is of a certain size. If the tenants who are residing inside of your unit are expanding their family or seem to have someone else living with them, this is information that you should request from your management company. Knowing who is inside of the unit and how many people live in the unit can also help to estimate any extra utility costs that may come along with an increase in tenants.  Changes in interest in your condo or properties If you have an open unit or several units, you need to know how much or how little interest you are getting in the unit. If the unit is empty or will be soon, a listing should go up to look for tenants. If you are getting more interest or less interest than in the past, you may need to recheck how much you are charging or any perks that you should be offering with your rentals. Knowing about any changes in the interest that you have garnered will help you keep up with the current real estate...

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3 Tips For Dealing With Rats And Mice In Winter

Posted by on 9:02 am in Uncategorized | Comments Off on 3 Tips For Dealing With Rats And Mice In Winter

One of the best strategies against home invasions by rats and mice is to keep them from seeking shelter in your home in the first place. For instance, rodents are perfectly happy to remain outdoors during the warm summer months, but when nighttime temperatures begin to dip in autumn, they start looking for cozy places to spend the winter — and that’s when homeowners get busy sealing up any and all possible access points. However, many people find themselves dealing with invasions of rodents during the winter months either because they missed an access point or simply didn’t realize that things needed to be sealed up. Following are three tips for dealing with rats and mice in the home during winter.  Don’t Seal Access Points  Although it may be tempting to get out there and identify and seal up access points, doing so during winter will only serve to trap rodents inside your home. Cracks, crevices, holes, and other ways that rodents could possibly access your home interior should be sealed only after you are 100-percent positive that no rodents remain indoors. Seeking the assistance of rodent control services is recommended in instances where indoor rodent populations are high.  Don’t Feed the Rodents  All trash should be placed in a sealed receptacle and removed from the home on a regular basis. Because rodents are nocturnal, taking the trash out at night is the best way to ensure that they don’t enjoy midnight feasts from your garbage pail. Also, keep your kitchen and living areas free of leftover food and crumbs. One of the biggest mistakes, however, that otherwise vigilant homeowners make, is leaving pet food out at night. Rodents love pet food and could live off it indefinitely. If Fido or Fluffy doesn’t eat all of his or her dinner, seal it up in a thick plastic bag before turning in for the night. Establish regular pet feeding times and optimal amounts so that leftover food isn’t constantly in the bowl. Although some people like to leave food in their pets’ dishes at all times, this strategy could easily lead to infestations of rodents.  Keep it Clutter Free Keeping home interiors clutter free is also important when you’re trying to discourage rodents from setting up shop in your house. Clutter of all types provides places for rodents to hide and make nests.  Contact a local pest control service if rodent infestations have become a problem in your home this winter....

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3 Tips For Purchasing A Home In A Seller’s Market

Posted by on 6:44 am in Uncategorized | Comments Off on 3 Tips For Purchasing A Home In A Seller’s Market

When it comes to buying a house, one of the first things that you need to find out from a realtor is what type of market you are buying in. Is it a buyer’s market or a seller’s market? Obviously, you want it to be a buyer’s market because it will be more favorable for you. However, if it is a seller’s market, it doesn’t mean that a purchase is impossible, but it can make things a bit more difficult. After all, in a seller’s market, there is a lot more competition and fewer homes on the market. Here are a few tips to help you navigate a seller’s market and hopefully come out on top: 1. Be Willing To Put Up A Larger Deposit (Earnest Money). When a seller is receiving multiple offers, it is going to look great when you can put up earnest money. However, what is going to look even better is if you can double or possibly even triple the standard earnest money deposit amount. Think about it this way: this is money that you are going to be paying when you close on the house anyway, so why not go ahead and pay it now to show the seller that you are serious about the house. It shows the seller that you aren’t going to be a buyer that backs out at the last minute and that you are committed to the offer that you have placed on the house. 2. Submit a Pre-approval Letter for a Loan. More often than not when you submit an offer on a home, you should include a pre-approval letter from a lender or some form of documentation that shows you can get financing to purchase the home. In doing so, you are showing the seller that you are a solid buyer and that you have already sought out financing and have been approved. Keep in mind that it is ideal that this letter has the same date as your official offer for the home. 3. Allow the Sellers Plenty of Time to Move Out. There is a good chance that the sellers are looking for another place to purchase, since they are selling the home that they currently live in. Many are unable to make a purchase until they actual receive the cash for the home that they are selling. This makes things very difficult and time sensitive. So, rather than expecting them to be out the day after closing, give them a few extra days to get all of their personal belongings out of the house, and make sure that they know that you will do this for them. In fact, you can even put it in writing, if you’d like. This consideration can speak volumes in your favor. For more advice on buying in a seller’s market, work with an experienced real estate agent at an agency like Chris Calhoon Real Estate who is familiar with the area where you would like to purchase a...

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