Buying a home can often be categorized as an intimidating process, especially if you’re doing it for the first time. Very few people like Bill Gates can buy their house with cash and all the other laymen require taking resort to professional financing in the form of mortgage loans. Continue reading
Previously, real estate transaction was equivalent to sale and the buyers were completely liable to detect the defects in properties before buying. A large number of agents worked for the seller, so they were not responsible to the buyers for anything. This was more evident, especially when the agents represented the sellers. At the end of 1960’s, the consumer advocacy groups became active and tenant’s rights were introduced. In this situation, most of the states compelled the law making body to implement disclosure laws in real estate transactions.
What is the function of the disclosure law?
The disclosure law was introduced to protect the buyers as well as prevented sellers from hiding serious defects in a property. Therefore, when the seller lists a property for sale with the help of real estate broker, he is required to disclose the defects before selling. According to the disclosure law, the seller is required to provide information required by the state in regards to the condition of the property.
In Southern states like Georgia and Louisiana, where termites are considered to be the biggest issue. In this area, the properties are required to undergo pest inspection by a licensed exterminator before closing. If the property does not have proper condition, then the buyers have the right to back out of the sale. The buyers even have the right to ask the seller to fix the problem areas if required.
Is it justified to implement the disclose law?
Most of the buyers as well as sellers may consider the justification behind disclosure laws. Due to the implementation of the disclosure laws, both the parties need to agree to the terms of the sale to close the deal. Therefore, the sellers are required to disclose the known defects to make the buyers aware of the basic defect of the property. If the buyer drops the idea of buying the property after evaluating the property, then the contract is void.
Do the state laws vary from state to state?
The degree of disclosure law varies from state to state, and the issues that are required to be disclosed are different from state to state. In some states the properties are sold on the basis of a written agreement. However, in other states, the sellers are required to disclose the information under every circumstance.
Are disclosure forms available?
In most of the states, you may get disclosure forms or check list inclusive of questions that the sellers need to answer. This form is an indispensable part of the real estate contract. The buyers are required to sign on the disclosure form in order to signify that they’re aware of the disclosure. If the buyer detects any problem in the property that is proved that the seller knew, then the buyer can sue him for not disclosing.
Therefore, you need to be cautious while buying a property and ensure that the seller provides a disclosure form according to the real estate law.
Getting the first mortgage loan is always a special experience but due to the various complexities of the entire process of taking out a home loan, this experience often becomes intimidating. A mortgage loan is an onerous burden that is taken out by a borrower who is about to buy a new home. If you’re someone who doesn’t know the experience of becoming a homeowner, you’re lagging behind! Continue reading
Majority of the real estates and mortgages brokers are sales people who work for commission based projects. Now, if you have not been accustomed with such commission based projects, you must be wondering as to how do these payment type works. Commission is nothing but the payment which is made based on the sales that an employee can make. It mainly is based on the total sales percentage. Therefore, the more is the percentage of sales, the more will be the amount of money that the sales person may be able to earn. Now, there can be various such situations when marketing may not go well, or the people may not even be interested in buying a thing. This therefore means, almost little or no money for the sales people. So, how can you as a sales person ensure that you have little problem, with regards to your finances?
Pros and cons of the commission system
The commissions serve as an extra income for you, but in some cases salary comes mainly in the form of commissions. However, the main problem is that it may not be possible to earn commissions as always. This therefore spells doom for those whose salary is mainly based on the commissions. There can be months when you may have lots of money to make and then there also will be months, when you may have no option at all to earn. So, there both are the advantages and disadvantages of this commissions system.
Getting financially strong through wise budgeting
It is extremely important for you to strengthen your finances, and that would be possible if you:
- Start saving for the rainy days – As you are into a commission based job, it would be important for you to start saving from the very beginning, if you follow a strict budget, and if you control your impulses, it may become easier for you to save more. The more you save, highly secure is going to be your life, even if you cannot earn commissions all the time of the year.
- Plan the amount of sales possible – As it may not be possible for you to earn throughout the year, it would be better to plan the sales program. This is going to help you in planning as to how much you can earn. Based on that you may have to decide what your affordability level would be like throughout the year. The expenses made, will have to be based on the same.
- Compare prices before buying anything – It would be better to compare prices before buying any items. This is going to help in ensuring that you save money even on the things you require the most.
So, this is how you can stay financially fit and avoid going bankrupt or extremely dependant on others, during the no commission period.
WELCOME SELLERS The typical home owner will live in their property for 5 to 7 years before they decide to sell. It is very rare these days for a home owner to live in the same home for 30 years as economic factors and family changes will dictate the person’s future living arrangements. Newhomeprograms.com understands this well and we are always looking for suitable properties to present to our prospective buyers.
READY TO SELL
Are you ready to sell your home? If so, you may have a long road ahead of you in today’s challenging real estate market. With the foreclosure sales creating a burden on home values, the real estate market for sellers can be worrisome and very nerve-racking. But there is HOPE!
LISTING YOUR HOME
Newhomeprograms.com is a BUYERS representative firm which means our primary business is working with home buyers who are anxious to buy a home of their own. At any given time, we may have hundreds of qualified home buyers in your town or city who are ready to buy your home. With this being said, we would like the opportunity to give you a FREE Comparative Market Analysis of homes which are now on the market for sale in your community as well as homes that have recently sold. A free consultation with one of our Realtor® will include:
- FREE Comparative Market Analysis
- Government home down payment grants your home may qualify for if purchased by a First Time Home Buyer or Military Veteran
- How to sell your home for more and pay less
- Tips on increasing the value of your home
- How to buy your next home using government second time home buyer programs
SHORT SALES – If you are in danger of a foreclosure sale, please contact us IMMEDIATELY! We work with real estate investors and attorneys who may be able to stop the foreclosure process and negotiate with your mortgage lender to buy your home. We will then prepare you to buy your next home in 24 months from the date of the short sale.
Cuando usted está buscando un gran lugar para jubilarse o simplemente un lugar maravilloso para estar lejos,considere una casa de vacaciones en Florida. Usted encontrará que puede elegir de muchos hogares maravillosos que superarán sus expectativas.
Le encantará la selección de Townhomes, Villas, Casas unifamiliares y condominios que ofrecen incluso el estilo de vida que usted está buscando. Encontrar el perfecto hogar de vacaciones en la Florida a la venta será una tarea fácil cuando se trabaja con la mejor compañía de bienes raíces disponibles. Florida tiene mucho que ofrecer a todo el mundo. Si usted está jubilado, o si es sólo usted y su esposa, o si simplemente desea llevar a la familia a vacacionar a la Florida encontrará un montón de actividades para complacer a usted y a su familia. Imagina ser capaz de tomar el sol en las playas o en cualquier momento que elija para hacer un viaje de pesca fletados para capturar el pez de sus sueños. Una casa de vacaciones en Florida puede abrir un nuevo mundo para ti. Florida también ofrece excelentes tiendas y experiencias culinarias que son agradables para todos.
Las inmobiliarias principales en la Florida que están disponibles sin duda le sorprenderá y ser capaz de elegir la casa de vacaciones en Florida para la venta que se ajuste a sus gusto va a ser una tarea emocionante y fácil. Con precios económico, las tasas de interés de hipotecas en los precios más bajos que se ha podido encontrar en la historia! Y préstamos para segunda vivienda siendo ofrecidos por los prestamistas hipotecarios, no es extraño que las ventas de propiedades para vacacionar en la Florida están en aumento! Para empezar a trabajar en su búsqueda de casas de vacaciones, comuníquese con su agente de bienes raíces, Milly Kammerdiener hoy!
Milly Kammerdiener y su esposo son dueños de Newhomeprograms.com una empresa inmobiliaria que se ha estado ayudando a los compradores de vivienda desde 2004. Su experiencia en bienes raíces incluye la construcción de casa nueva, crédito hipotecario, crédito mejorado y venta de Bienes Raíces y Negociaciones. Con oficinas en Florida y un equipo de agentes de bienes raíces dedicados, Milly puede ayudarle a comprar su próxima casa de vacaciones en Florida en las ciudades de Tampa, Orlando y Miami.
Milly nació en Venezuela para padres misioneros cristianos y ha dedicado su vida a servir a Dios en el lugar del mercado inmobiliario.
When you are looking for a great place to retire or just a wonderful place to get away,consider a Florida vacation home. You will find that you can choose from many wonderful homes that will exceed your expectations.
You will love the great selection of Townhomes, Villas, Single Family Homes and even Condos that offer the lifestyle that you are seeking. Finding the perfect Florida vacation home for sale will be an easy task when you deal with the best Florida Real Estate Company available.
Florida has so much to offer to everyone. Whether you are retired and it’s just you and the wife or you want to take the family to Florida you’ll find plenty of activities to please you and everyone else. Imagine being able to bask on the beaches anytime you choose or to take a chartered fishing trip to catch the fish of your dreams. A Florida vacation home can open up a whole new world for you. Florida also offers great shopping and dining experiences that are pleasing to anyone.
The prime Florida real estate that is available will certainly surprise you and being able to choose the Florida vacation home for sale that meets your standards is going to be an exciting and easy task. With affordable prices, interest rates at an all time low and second home mortgages now being offered by many mortgage lenders, no wonder Florida Vacation Home sales are on the rise!
Search Florida Vacation Homes now!
Nothing is more exciting than being a first time home buyer. Nothing can be more frustrating than driving around town becoming an official: “lookie lou” wasting gas and time, and having no clue about the “nuts and bolts” of buying a home. To avoid any further frustration, you need to grab a parachute labeled , Realtor® and let them handle all the “what if’s” while you make the transition from a “lookie lou” to a “supervisor.”
That said, as a first time home buyer “supervisor” you’ll need to look for the caution signs in terms of using a Realtor® .
Your dream of home ownership is at stake so make sure you hire one you can work with, as well as one who’ll listen to your needs and desires. One who has experience, is persistent but polite, and recognizes your comfort zone. Knowing the area where you have chosen to buy helps. The key word here is interview.
Be sure that your Realtor® understands mortgage financing to insure you are presented with the best mortgage financing options for your needs. Not all home loans are the same and many financing programs come with extra benefits for first time home buyer. Continue reading
Newhomeprograms.com LLC is a private owned real estate firm that caters to the first time home buyer real estate market. In the 2004, Newhomeprograms.com was launched as an online web site portal of information for first time home buyers seeking help with obtaining home down payment assistance grants and free credit counseling. Newhomeprograms.com grew to become one of the most popular lead generating sources for first time home buyers in the Houston metropolitan area.
As of April 2010, Newhomeprograms.com is now a full service real estate firm licensed in Texas, Florida, Pennsylvania and in the near future North Carolina, Georgia and Connecticut. Continue reading
NEW YORK (CNNMoney) — Mortgage rates dropped again this week, sending both 15-year and 30-year fixed-rate loans to record lows.
According to mortgage giant Freddie Mac, the average rate on the 30-year fell to 3.34%, 0.06 percentage point lower than last week. The 15 year fell 0.04 percentage point to 2.65%
The new lows reflect increased demand for government bonds, according to Keith Gumbinger, of HSH.com, a mortgage information company.
“It’s a flight to quality,” he said. “You may have noticed that stocks sold off last week after the election.”
When investors turn away from stocks, they often park their cash in Treasurys, and the added demand brings down bond yields. Mortgage rates tend to track those yields down. Continue reading