Bad advice or a lack of details in the home buying process simplified down to an “app” can make nightmares happen and disillusioned buyers in the end.
In recent years, reserve planning has become a long overdue reality for many older homeowner associations. The boom and bust mentality of deferred maintenance and special assessments has finally been replaced with proper long range planning and funding. For all of them, that meant accumulation of hundreds of thousands of dollars and for some, millions.
It’s that season where you want to celebrate the coming holidays with a grandiose display of ghouls and goblins followed by pumpkins and wreaths and hand-traced kindergarten turkeys glued on paper plates and then, of course, garland and lights and ornaments hanging from everything and inflatables and a giant incredible tree. But going overboard while your home is for sale can actually keep it from selling. And there’s nothing festive about that.
From marketing the event to staging the home, hosting a successful open house can be tricky. Be too specific – like targeting only first-time home buyers – and you risk missing a whole slew of potential leads. But be too broad – like not doing anything to set the property or yourself apart – might prove disastrous as well.
It’s only natural to make the home you bought more comfortable and functional for your household. But before you put in a hot tub or convert the garage into a bedroom, think about whether or not these improvements will add or subtract perceived value from your home someday.
Lenders want to give you a mortgage, but they also want to minimize their own risk. The easiest way to retard risk is for them to use your credit scores to make their lending decisions.
My wife and I want to buy a condominium now, especially since interest rates are so low. We need approximately $40,000 for the earnest money deposit, which is ten percent of the purchase price. My parents are prepared to lend us this money, but they will have to take it out of their Individual Retirement Account. Mom is 54 and Dad is 56. Can they do this?
Might a landlord have extra liability if he rents out a property that includes a swimming pool? Most of us would probably answer yes, and we would be right. But just how far do the landlord’s duties extend? Well, how about a duty of care to protect the minor children of the tenant’s guests? The point is clearly made in a California case filed earlier this year.
In our ‘just Google it’ society, professionals must still possess a depth of working knowledge that is continuously refreshed and strengthened by research and education. PJ Wade explains resources available to these professionals and asks 2 important questions for buyers and sellers to consider.
It’s a seller’s market! Those two words get everyone that’s about to put their house on the market all giddy. But “seller’s market” doesn’t mean license to be a real estate snob. Somewhere between what the last people paid for a house like yours and the highest price suggested to you by a REALTOR – that’s your sweet spot. But pinpointing it isn’t always easy. Here are five tactics that will help.