|
|
|
Croatia: An Emerging European Real Estate Hotspot
Croatia is an Eastern European success story and a country quickly developing an incredibly exciting real estate market into which foreign investment is free flowing.
Since Croatia achieved independence from the former federal independent...
How To Avoid Pitfalls In The Sale Of Your Home
Appraisal vs. Market Value
When you sell your home, appraisers use comps (comparable market sales) of local properties sold within the last six months to value your home. With today’s rapidly rising seller’s market, six-month-old information...
Real Estate Clubs Hot Among Investors
Six or seven years ago, the stock market was booming, Internet companies that no one had ever heard of were valued at billions of dollars, and anyone and everyone was investing their money in tech stocks. Then, in 2000, the stock market crashed,...
The Best Way To Buy A New Home While Selling Your Existing Home
Buying a home and selling a home at the same time can be one of the most difficult and nerve wracking of all real estate transactions. Many people wonder how to juggle the selling of one home with the purchase of another. They may be worried that...
To Picket Fences
Of the 359 homeowners in my area, 112 are running afoul of the law in a deviously blatant way by committing the heinous "fence offence;" in other words, breaching Los Angeles municipal code sections 12.21 and 12.22 which limit front yard fence and...
|
|
| |
|
|
|
|
|
|
Seven Steps To Make Buying A New Home An Enjoyable And Intelligent Move
Buying a new home is one of the most exciting and most important decisions you will make in your lifetime. For both financial and lifestyle reasons. However, it may not be apparent if you have made a good move until months or years down the road, so it is very important for you to take the time to analyze each step and each decision BEFORE you make the final move and sign on the dotted line to purchase the new home.
You can find many web sites that will provide answers to the questions below, but you may also want to work with professional to make the best, educated decisions. Here are seven steps to make buying a new home an enjoyable and intelligent move for you.
1. Deciding if now is a good time to buy a new home. (Rent vs buy or even stay where you are)
The reasons for moving are varied. You may have outgrown your current home. Or you've decided to accept a new job in a new location. Or you are preparing for retirement and are downsizing and accessing the profits from your investment in your home so you can retire. If you are renting now, and contemplating buying a new home, you may even want to do a rent VS. buy analysis. In addition, if you are considering taking a new job in a new community, be sure to analyze the cost of living in the new community. Will you actually have a better lifestyle after the move just because you will be taking a new job that pays more? Perhaps not. Again, web sites with resources are provided below to guide you in these decisions.
2. Finding out what type of home you can afford today. (Visiting your local banker or mortgage broker)
To make an educated decision, you will need to talk to a professional advisor and loan specialist. A few of of your deciding factors will be:
1. How much is your current home worth if you own one. And of course how much equity you have in your existing home.
2. The long term planning you have done in the past with your retirement pension and investments.
3. The price of new homes that you want to move into.
4. The amount of debt load you carry now.
5. Your credit report and your credit rating.
You may want to start at your local bank if you have or want a relationship with them. You can also go to the online mortgage specialists to compare national offers.
You may also want to work with a local REALTOR because a REALTOR ® usually knows the local money market and can tell you about financing options. A REALTOR ® can also tell you what personal and financial data to bring with you when you apply for a loan.
3. Finding the right real estate agent or going it alone. (Finding the right agent or looking for a for sale by owner)
The Internet has made it much easier pre-qualify yourself for a home loan and to then find the right home for you and your family. However, you may still want to work with a professional Realtor for many reasons. One of the most important reasons may be that the REALTOR ® is that they have knowledge in many areas and may make just one recommendation or warning that may save you time, money and headaches. In addition, a REALTOR ® can supply information on real estate values, taxes, utility costs, municipal services and facilities, and may be aware of proposed zoning changes that could affect your decision to buy. A REALTOR ® also has access to listings of available homes, can evaluate them in terms of your needs and affordability, and doesn't waste your time on unsuitable homes.
4. Finding the right community and neighborhood for your family (You will have different needs at different times in your life)
Are you moving to a new city or just
moving within your city? In any case, you might make many of the same decisions, whether you are moving within your city to a new city. Do you need to be near things like access to the night life? Or are these things more important? Schools. Sports facilities. Workout facilities. Jobs for you and your spouse. Many of these decisions are simply dependent on the stage of your life, if are you retiring or if your family growing.
A simple process that will help you is to take a piece of paper out and make a line down the middle. Then make headings for "Must have" and one for "Would be nice". Then write down all the things you feel would be "Must haves" on the left column and the things you feel "Would be nice" on the right. Then make a decision based on the community that has the most or best items that you must have or need. Again, a REALTOR ® can help you by working out a realistic idea of the home best suited to your needs- size, style, features, location, accessibility to schools, transportation, shopping, etc.
5. Deciding on the right type of home and the right home for your family. (Do you need a home with room for a family to grow or a 1 level home that will be easier in your upcoming retirement?)
What type of home do you want to buy (e.g. a ranch home, a split foyer, a 2 story, etc.) Or do you need a lesson in the benefits of each one? Should you buy a new home or an older home? Are you hoping to buy a home that needs repairs to so you can fix it up and build sweat equity, or do you want to simply move in to a new home? Or are you going to build a new home and need to work with a contractor to buy the lot, dig the basement and build the home? Again, you may need help. A REALTOR ® has no emotional ties to the homes, or contractors, and can be objective about them, and can point out advantages and disadvantages while answering your questions.
6. Preparing for the closing and finalizing your decision.
Although preparing for the closing on your new home is an exciting time, it is also can be a time consuming and very important event. If you have made an offer on a home that you really want, one small snag could keep you from getting it. In addition, you could lose money if you do not have a clear understanding of your contract. A REALTOR ® can help familiarize you with the closing process by explaining it all in advance.
7. Making the move and all the things you need to do.
You're almost in your new home now! Now all you have to do is move, right? Not quite, but you should be so excited by now that it will not slow you down. You'll need to write down all the tasks you need to complete to make it a smooth move. Many web sites have checklists for moving for you to print and follow for your move. A few examples are lining up the professional movers or moving yourself. Hopefully your employer will be paying for the move, but if not, you'll need a moving truck, a dolly, packing blankets, and perhaps hired hands to do the moving. You'll also need to plan dates and processes for things like changing your mailing address, ordering new services such as your new phone, cable TV, garbage removal and more.
Again, many web sites have checklists for moving for you to print and follow for your move and that is the best place to start.
About the Author: For many more resources to assist you in your move, visit: http://www.talking-realestate.com
Source: www.isnare.com
|
|
|
|
|
| Real Estate, Property, Land and Homes for Sale, lease and rent ... |
| Comprehensive real estate and property listings. Includes information on buying and selling, tips on building, an auction timetable and other helpful ... |
| www.realestate.com.au |
|
| Real Estate | Homes for Sale | Houses for Sale | MLS Listings ... |
| RealEstate.com provides home listings , homes for sale , REALTORS , house listings , apartment locating services. We have Florida real estate , Texas ... |
| www.realestate.com |
|
| REALTOR.com: Real estate listings & homes for sale |
| Search for a new home or find mortgage rates, real estate agents, and relocation services throughout the US, Canada, and Puerto Rico. |
| www.realtor.com |
|
| Real Estate on Yahoo! Real Estate - Homes, Mortgage Rates, School ... |
| Yahoo! Real Estate is the most comprehensive place for real estate, housing market information, school reports, local mortgage rates and more! |
| realestate.yahoo.com |
|
| Find Your Home Value, House Values and Prices on Yahoo! Real Estate |
| Yahoo! Real Estate - Free instant home values and comparable home valuations for millions of houses. Check your home's price or any house value. |
| realestate.yahoo.com |
|
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses ... |
| Real Estate, Houses for Sale, Rentals, Commercial and Businesses for sale at Realestate.co.nz. |
| www.realestate.co.nz |
|
| Real Estate - Buy, Sell or Rent a Home - New York Times |
| Online real estate listings for properties in New York and nationwide. |
| www.nytimes.com |
|
| Century 21 Real Estate Agents and Brokers |
| Agency with franchised offices throughout the United States, Canada, Europe, Latin America, the Middle East and Asia. Find local offices and agents, ... |
| century21.com |
|
| Zillow - Your Edge in Real Estate |
| Zillow provides a free Home Valuation Tool for Real Estate enthusiasts. Whether you're an agent, broker, buyer of investment property or first time ... |
| www.zillow.com |
|
| STLtoday - Homes |
| Real estate agent revels in the boom in downtown St. Louis living ... [more real estate news as seen in the St. Louis Post-Dispatch] ... |
| www.stltoday.com |
|
| Real estate - Boston.com |
| Boston Real Estate - Search the Boston Globe and Boston.com for Massachusetts Real Estate, Boston Condos, Land for sale, Vacation Rentals and more. |
| www.boston.com |
|
| ABCs of Real Estate |
| Real Estate ABCs consumer tips, hints, and resources for home buyers, sellers, and mortgage borrowers. |
| www.realestateabc.com |
|
| washingtonpost.com - Washington DC real estate, Maryland real ... |
| Washington, DC, Virginia and Maryland homes, real estate news and headlines. [Registration required] |
| www.washingtonpost.com |
|
| Coldwell Banker Real Estate Corporation |
| Real Estate from Coldwell Banker ®. Buying a home, selling a home, or finding a real estate agent is easy with Coldwell Banker. Find a home, sales associate ... |
| www.coldwellbanker.com |
|
| Detroit News Online | Real-Estate |
| Sellers around the state have been frustrated with the slow sales patterns of Michigan real estate over the past year or two. But buyers have been enjoying ... |
| www.detnews.com |
|
| Newsday.com - Long Island Real Estate for Nassau County and ... |
| In a real estate market increasingly defined by niches, ... Real Estate Resources. Search by school district for recent home sales in Nassau and Suffolk ... |
| www.newsday.com |
|
| Real Estate for Sale, Rent and Share @ Domain.com.au |
| Real Estate for Sale, Rent and Share @ Domain.com.au. Houses and apartments for sale or rent all over Australia. Thousands of properties in Sydney, ... |
| www.domain.com.au |
|
| Luxury real estate news and features - Forbes.com |
| Luxury real estate news and features at Forbes.com. Core topics include real estate, mansions, condos, co ops, oceanfront realty, second homes, ... |
| www.forbes.com |
|
| Real Estate News - Prices, Mortgages, and Calculators from CNNMoney |
| Latest on mortgages, refinancing, & home tips from CNNMoney.com. Calculators for refinancing, mortgage payments and more. |
| money.cnn.com |
|
| Los Angeles, California, national and world news, jobs, real ... |
| Los Angeles' leading online source for local, state, national, world, entertainment, and sports news. Plus jobs, real estate, cars and shopping information ... |
| www.latimes.com |
|
|