Saturday, April 11, 2015 / by Steven Annth
One point that should be obvious; but is often overlooked, is that the realtor should know about all of the standard documents of the industry. Not only must they be familiar with what each one is, they should possess a deep understanding of that particular document and how it is utilized. If they do not, they could wind up missing an important step in a real estate transaction. Doing that could potentially leave their clients in a legal bind and it can cost quite a lot of money for them to repair any resulting damage.
You surely know the old saying "patience is a virtue." That is absolutely true in the real estate profession. Therefore an outstanding realtor must exhibit this trait. Of course, they must be patient with their customers - that is a given! However this patience should also extend to everyone else they will deal with in their business on a regular basis. People such as: other agents, financial institutions and experts, lenders, and virtually every kind of professional as ...
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Saturday, April 11, 2015 / by Steven Annth
When moving to a new home, you should be aware of the proper process required to transfer property from one person to another. In real estate transactions, this process is known as conveyancing and is necessary to complete a property sale. During this process, the title of the property is transferred from one person to another.
Conveyancing may also involve the process of moving water, electricity, gas or drainage services. In most instances, the process describes an exchange of contracts where both a legal title and equity title are transferred from one person to another. This process is completed to ensure that the buyer obtains a marketable title to the land or property.
This will allow the person to be able to buy and sell the property without a lien or other factors affecting the sale or re-sale. The legal process of conveyancing ensures that there are no restrictions on the land prior to purchase. Public records are often secured to verify that the title has no restrictions.
W ...
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Friday, April 10, 2015 / by Steven Annth
Not all home building trends are a good idea; do you remember the avocado-colored appliance craze, the pink tile trend, and the carpet on the walls phenomenon? If you're guilty of following those trends, don't allow this misjudgment to prevent you from latching on to the best trends of 2015. Below, we look at some home building and remodeling trends to follow, as recommended by experts in the field.
In the Kitchen
It seems as if people are moving away from stainless steel appliances because of how easily they show fingerprints. Experts recommend you don't stray too far away from the tried-and-trusted approach, however. For instance, concrete counter tops seem like a cool new trend but have a tendency to stain or even break.
The main kitchen remodeling trend appears to be clean lines in light fixtures and cabinetry. There is also a move towards larger tiles in the kitchen (and bathroom), with luxury vinyl appearing to be the material of choice because it looks like ; ...
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Friday, April 10, 2015 / by Steven Annth
The cost of living is increasing drastically from higher price tags in amenities, bigger expenses for different services and larger amount of money spent to accommodate all of your needs. Sometimes, the usual nine-to-five job cannot suffice your needs anymore. Luckily, there are other options that can help you gain more finances. For one, investing your savings is a good option. In this way, you can improve your profits. However, investing in a business is impossible if you are planning to purchase a house with your savings.
But, you can find affordable houses online and offline. However, some features of the house must be replaced or renovated to cater to your needs, which can be expensive as well. That is why, it is best to find the ideal house that can suit your preferences. In case that you plan to purchase a house, but do not have sufficient finances, the best thing you can do is to opt for a mortgage. Brokers state that this can help you purchase a house easily. To ensure that y; ...
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Friday, April 10, 2015 / by Steven Annth
Home owners with a mortgage usually want to reduce their interest cost by paying down the loan balance as fast as possible. This article is about what borrowers can and cannot do on their own, and answers some frequently asked questions about making extra payments.
Is There Any Benefit In Making Scheduled Payments Before the Due Date? No. On a standard mortgage, interest accrues monthly, and is calculated by multiplying one-twelfth of the annual interest rate times the loan balance at the end of the preceding month. For example, if the loan balance is $100,000 and the interest rate is 6%, the interest due is.06/12 x 100,000, or $500. The borrower owes $500 regardless of when the payment is made or how many days there are in the month,. If the payment is late by more than the 10 or 15 day "grace period," there is an additional late fee. But there is no rebate for paying early.
Simple interest mortgages, on which interest accrues daily, are an exception. On these mortgages, . ...
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