Showing posts with label Home inspection. Show all posts
Showing posts with label Home inspection. Show all posts

Saturday, February 1, 2014

The First Steps to Sell Your Home

Property in Europe
Most people who put their home on the market are hoping to sell their home in a timely fashion, in order to move on to another property or benefit from the generate revenue. It’s important that when you make the decision you must fully become committed in order to best present your home to potential buyers. 

A realtor can help you along the journey to help you place your property on the market the right way, to get it sold fast. You need to visit to find the best real estate agent in the area and to have a partner in the home-selling process.


If you’ve lived in your home for more than a few years, it’s likely that it will need some remodeling. One of the most valuable resources in selling a home is having your home inspected before you place it on the market. This will provide you with insight to the changes that need to be made to improve the actual value of the home, while getting you ready for the bank home inspection that comes after you find the right buyer.


Take what you have learned from the home inspection and apply it to your property. You can save money by doing simple projects on your own, if you are handy with tools. But larger renovations will require professional assistance. Keep in mind that for electrical and plumbing jobs, you’ll need a certification from the town office for approval. 

After you have made the suggested changes from the inspection, you need to begin making your home look its best. Fresh paint on both the interior and exterior of the property, decluttering, downsizing items in the room and updating the hardware and light fixtures can really make a difference in your home’s appearance.

Tuesday, January 14, 2014

5 Mortgage Problems You Want To Avoid So You Don't Lose Money

They say we learn from our mistakes, so that means it's a good idea to make them in the first place. What they really mean is that it's good to make a spelling mistake so the teacher can correct you. They're not telling you to make a terrible mistake when you're half way through the biggest purchase of your life. You'll still learn from the mistake, but it could cripple you. Let's look at a few things you don't want to mess up when it comes to your mortgage.

Don't go crazy with credit

Before you apply for a mortgage you don't want to have too much credit in your name. That means any big purchases you're thinking of making should be put on hold until your future mortgage is wrapped up. Even if you have the best credit rating in the world it's going to scare companies away when you owe lots of money to different people. What would happen if your circumstances changed and your finances were hit? Everyone who has lent you money would have to compete with each other to get theirs back.

Don't hide from your lender

A lot of people hate hearing bad news so they don't open their mail when it comes in. If they can't afford to pay their mortgage it gets worse because they stop answering their phone. Lenders find it impossible to reach people, but I'm sure you realize this will never make the problem go away. It could actually make it worse since lenders have a few options at their disposal and they could maybe save your home, but unfortunately this is never going to happen when they can't even contact you.

Don't skip the inspection

It's easy to fall in love with a beautiful home as soon as you walk through the front door. Sometimes they just 'feel' right and you know you want to buy it. Unless you can see into the future you don't know what is going to go wrong. The only way you can find any unknown problems is by getting a home inspection and you need one carried out before your offer becomes official. Your perfect home might look beautiful to the naked eye, but you don't know what is going on behind the scenes.

Don't lie on your application

At the moment you might not have the greatest income in the world and you could even owe some money to credit card companies, but you still have to tell the truth when you're filling in your mortgage application. It's even harder when you know you're due a big pay rise within the next year because you'll have to settle for a much smaller loan at the present moment. If your lender finds out you've lied to them you could end up in a lot of trouble and it could also be a federal offense.

Don't pick the wrong mortgage

I know it's easy to change your mortgage these days and everyone swaps around like crazy, but don't pick the wrong mortgage in the first place and you'll save yourself so much hassle. You might still need to change it further down the line, but at least you'll save yourself a few years of wasted money. People only choose the wrong mortgage in the first place because they choose the wrong people to help them, but you can take care of that by making sure you speak to a skilled financial adviser.

You only get one shot

Once you mess up you'll lose money and there is no getting away from it. You can always take out another mortgage, but your money will never magically appear again. Take your time if you're buying a home for the very first time because you don't want to regret something even if it only affects you negatively for a few years.

Author Byline:
The author of this article, Ian Andrews, is a freelance blogger, currently writing for First World Mortgage, well-known mortgage lenders in Connecticut. Ian loves cooking and on weekends he provides lessons to the underprivileged youth.

Thursday, June 6, 2013

How to Get the Most Money When Selling Your Home

It's still a buyer's market out there. If you're putting your house on the market, you'll be up against some serious competition. To get your property sold at the price you want, you'll have to go the extra mile to help it stand out from the crowd.

Fortunately, doing so need not cut too deeply into your profits. When prepping your home for sale, the smallest touches often bring the biggest return. 

Improve Your Home's Stage Presence

It's doubtful that you would arrive for a Fortune 500 job interview dressed in a T-shirt and jeans. It's the same when selling your house. Over 1,000 experienced real estate agents agree that taking the time to clean and de-clutter a house can pay big dividends, resulting in a gain of between $1,500 and $2,000 in its selling price.

Think Beige

Although the thought of ripping the grape-patterned paper from the walls of your Tuscan kitchen might bring a tear to your eye, one thing is certain. When it comes to your decorating flights of fancy, potential buyers may not be feeling the love.

The solution is simple: Go neutral. Regardless of your love for color, you might be surprised to see how the use of soft whites, tans and other neutrals can open up your space. These shades will also blend as well with your own furnishings as they will with those of your prospects, relieving them of having to paint over your more creative hues after they've moved in. 


An interested party is far more likely to sign on the dotted line if he can envision himself actually living in your house. Those beloved pictures of your kids on the piano and grandma hanging on the fireplace wall may spell "home" to you, but they will make it very hard for a stranger to see himself living in your space. It's best to pack those family treasures safely in cotton batting, promising them star billing once you've arrived at your new digs.

Dress It up a Bit

Some of the most valuable decorative touches will cost the least to accomplish. Fresh flowers in the living room will make an immediate impact. A roaring fire on a cold winter's day will do the same, particularly if you accompany the visual effect with the scent of apple cinnamon potpourri boiling on the stove.

Make Some Reasonable Renovations

In a weak economy, the often-prohibitive expense of updating a kitchen or installing a new attic bedroom can cut too deeply into any hoped-for ROI. Fortunately, other fix-me-ups can make an impression in a way that's considerably more cost-effective. These include:

  • A new front door. 
  • Vinyl or fiber-cement siding.
  • Double- or triple-pane windows.
  • A modern water heater.
  • Upgraded HVAC.
  • New or steam-cleaned carpets.
  • A back-yard patio or deck.

Smile for the Camera

According to Julie Reynolds of, web appeal could soon trump curb appeal when it comes to attracting buyers. Many modern house hunters spend days scouring the web before ever setting foot inside a Realtor's office. She also recommends using an agent that has gone through a qualified real estate school.

If your home is to compete well on the online front, it must be ready for its close-up, and still pictures alone may not be enough. Statistics show that potential buyers are 150 percent more likely to click on a Realtor's listing if it features a video walk-through. Such extras work wonders in encouraging buyers to leave the comfort of their own homes to have a closer look at yours.

Have Your Own Inspection

Do-it-yourself projects, so popular in stringent economic times; often suffer from shoddy workmanship that leads to dangerous conditions. The hazards may not announce themselves at first glance, but if they show up during a buyer's inspection, they can seriously stymie any sale.

The savvy seller will beat buyers to the punch with a pre-inspection. The fact that a home has already had and passed one with flying colors will be of enormous comfort to any house hunter and could mean the difference between a walk-away and an actual sale.

In good times and bad, carrying out these cost-effective home improvements can enable you to reap the greatest profits on the day you turn over the keys.

Tuesday, January 29, 2013

6 Tips for First Time Home Buyers

You've finally decided to make one of life’s biggest decisions – buying your first home. No longer will you have to deal with stuffy landlords, exorbitant rent prices, or annoying neighbors—you will finally have a space you can call all your own. Now that you've made this very adult decision, you need to consider a few things before you make one of the biggest purchases you will make in your entire life. Before you buy, you need to ask yourself some serious questions. If you already own property and are looking into purchasing income property, you will also need to do your homework.

Tips for Homeowners 

1. Know Your Budget and Mortgage Basics 

It’s important to know what you can afford to spend before you seriously start looking to buy. It is also equally important to know how much mortgage you qualify for. Look for first time homeowners seminars in your area to get more information or speak to a representative at your bank.

2. Get a Real Estate Agent you Trust

Looking for your dream home on your own can get overwhelming. This is where real estate agents come in. They can help you figure out the logistics of a sale, will negotiate prices for you, and will do all the paper work. It’s important you have a good rapport with your agent and that they know what your needs and wants are. Remember, you are the one who will be living in this home, not them.

3. Make a Smart Offer

Your real estate agent can help you navigate this important step of the purchasing process. This is your time to name a price as well as your conditions for purchasing. More than likely the seller will counter-offer, putting the ball back in your court. Once you come to an agreement, you will go into escrow which means you have 30 days in order to inspect and purchase the property.

4. Get a Home Inspection

During the escrow period, it is your responsibility to get a home inspection. During this inspection a trained professional will check every inch of the property to make sure it’s safe and sound and ready for purchase. If they find any issues (mold or other deficiencies the seller did not mention), you can still retract your offer.

5. Read Before You Sign

Like all things in life, it is always crucial to read the fine print before you sign any agreement. It is also important to get everything in writing and avoid verbal agreements. Your banker and real estate agent can help walk you through any language or steps you are unsure of.

6. Cover all Angles on Your Income Property

Income property is property that is bought with the intention of renting or leasing. It is a higher risk than owner occupied properties, but can be beneficial in helping you off-set the costs on your own home and bring in extra income. Before purchasing a residential or commercial income property you need to do your research. Know your rights as a landlord and see if the time and money put into the property will put you out ahead in the long run.

Angie Picardo is a staff writer for NerdWallet, a personal finance website dedicated to helping homeowners find the best credit cards.

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