When purchasing a home, especially for the first time, you are going to encounter a lot of terms and jargon you may never have heard before. “Property survey” is one such term you may encounter in the process, and it is often not considered one of the more important parts of the home buying process, but it is an essential part of any home purchase closing process and should not be overlooked. What Is A Property Survey? A property survey is a document, usually in the form of a map or sketch, that outlines all the prominent features of a property, including the house and the physical boundaries of that property. It can also include other items, such as natural features on the property, including ponds or lakes, and man-made features such as pools. These property surveys must be completed by a professional qualified to carry out a property survey, and usually have to be done within six months of any change of deed. Why Do You Need A Property Survey? In some states a property survey is required for a number of reasons. From the perspective of a home buyer, your mortgage lender will usually want to see a […]
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Short sales can offer really great deals on homes, but the process of buying a short sale property can be difficult and drawn out. If you’re willing to be patient and put in a little extra work, you could get a lot more house for your budget. Be Prepared To Be Patient Buying a short sale property isn’t as quick as a standard sale. Because the owners are attempting to sell the property for less than they owe, the sale must be approved by the bank—and in many cases there is more than one bank involved. Waiting for the full approval to come in can take months, and can fall through if one bank’s approval expires while you wait on the other. If you want to buy quickly and are looking to move as soon as possible, short sales may not be the right choice for you. Look Past The Cosmetic Many homes that are being offered as short sales have been neglected for a long time. In some cases, this is because the owner knows that there will be no profit made from the sale and has stopped caring; in others it is because the reason for the short […]
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When you’re ready to head out and look at those potential future homes, there are a few things you can bring along to make the experience more helpful as well as more efficient. Packing a small house-hunting bag with these items will make sure that you make an informed decision and don’t forget the details of each home. A Pad And Paper This is useful for jotting down notes about each home, including things you liked and things you didn’t, and repairs that might be needed. Simply write the address at the top, and then as you look at the property write down your thoughts and observations. Many people come home after looking at a few houses and can’t recall which one had the rosebushes out front or which one needed a new water heater. The notes will make it easy to remember these details and keep track of which houses are your best bets. A Camera Sometimes a picture is even better than a note. Taking a few pictures of the home as you go through it (as long as the current residents don’t mind) can really help in making the decision later. Be sure to ask if photographing […]
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Whether your kids have moved out or you simply want a lower mortgage payment, downsizing your home has a lot of benefits. You’ll save on utilities, have less to clean, and less to maintain as well. Before you get ready to move to a smaller home, consider these important points that will make the transition smooth. Is Storage An Issue? When you have been living in a larger home, you may not realize just how much stuff you really have. Moving to a smaller place can make it clear in a hurry, because it simply won’t all fit. While you can give away some things or hold a garage sale, there are always things you simply can’t part with. They may be of sentimental value or things you really need for the future. Consider what sort of storage the new place has. If you can’t fit everything, you might need to look into renting an off-site storage unit for the things you don’t need frequently. Will The Furniture Fit? Large furniture does well in large spaces, but may make a smaller room appear cramped and tight. Before you move, a change to smaller furniture might be in order. Take a […]
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When buying a home, location is always one of the most important considerations. Most buyers consider the obvious, such as the quality of the schools, commute distance from work, neighborhood safety, and even things like the view. But there are other things to keep in mind when choosing the location of your new home. Proximity Of Emergency Services A house out in the country has its appeal, but how far away is the fire department? The distance in an emergency can cost you precious minutes that could save lives or valuable property. Beyond that, a home insurance company may charge you more if your home is not within a certain distance from the fire department, to ensure their interests are protected as well. Look for a home that is accessible to emergency vehicles; narrow streets or long winding country roads may make it difficult for larger vehicles to approach. Remember that in an emergency, every second counts. How Close Are The Schools? Many schools have rules about how far away you need to be to qualify for bus services; if you’re within the range your students will either be walking or relying on you for a ride. In inclement weather, […]
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Now that you’ve signed all the paperwork and your loan is approved, it’s time to move in. But wait! Before you put your feet up, there are a few things that you will need in order to make your new house a home. Locks Regardless of whether you purchase a newly constructed home or one that was formerly owned by someone else, it’s important that you have the locks changed. Everyone from REALTORS® and contractors to friends and family of the former owner may have a key, which is why getting new locks should be at the top of your list. Furnishings You can’t hang your hat without a hatrack, so don’t forget to add some necessary furnishings. Some homes may include appliances and possibly even some furniture, but most homeowners prefer to decorate their house themselves. After all, someone else’s taste in decor may not necessarily be the same as your own. If you purchase from a furniture store, they will handle the delivery for you. Otherwise, you can hire a moving company. Appliances & Cookware Even if your new home is equipped with appliances, you may still need to add a few items into the mix. For instance, […]
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