The real estate purchase agreement is more than just a casual offer. The moment you and the seller sign it, it is a legally binding contract. Since you can put what you want in your offer, why not include some of the clauses that smart buyers use to protect themselves and save money? Some suggestions follow. Six Purchase Agreement Clauses A better earnest money clause. You can put a small earnest money deposit down and still be taken seriously, if you include a clause like this: "$100 earnest money deposit, to be increased to $2,000 upon acceptance of this offer." (6 comments)
Read My Other Articles on Appraisals in Frisco TXHow Appraisals and Assessments Differ In Frisco TX A critical part of selling a home is the appraisal. Here's how to plan for it. You have a contract to sell your home and now the appraiser is coming. The appraisal needs to come in at a good price in order for your buyer to get his loan. What should you do? The Appraiser Says Appraisers typically tell people not to do anything special before they come. They tell the owner they see lots of houses and they can look past a little (0 comments)
Most people in Frisco, TX look to comps in their area to come up with the listing price for their property. This is logical, but you also have to focus on the bottom line. How Much Will You Make on The Sale of Your Property? It happens more often than you might imagine. A homeowner decides to sell and goes about figuring the best price to sell. They may set a price off of the cuff or do a little research to ascertain the best price that will result in a sale within a specific time period. What many do not (0 comments)
Read My Articles On Rehabbing PropertiesForming a Successful Real Estate Rehab Team in Frisco TX The top 12 things I look at when I walk through a house I am interested in rehabbing: 1. Price - Make sure that the price is way below the market value of the real estate in that area otherwise you are wasting your time looking at properties that you cannot make any money on. 2. Foundation - I buy and sell real estate in Frisco, Texas and foundation is a huge problem here, and it is the first thing I look at. If there is foundation (2 comments)
Real Estate Investment Financing is simply industry jargon for a real estate investment loan. In a bad property market where rental yields are low, the most dreaded word that you can say to a real estate investor is negative equity. So what is negative equity? It is a situation which arises when the foreclosed value of your property is less than the price that you paid for it and in certain states like in New York, the mortgagee (the bank) can then bring a deficiency action against the owner to reclaim the difference. This article will therefore go (0 comments)
Read More Articles about Shopping for a Home Loan in Frisco , TXBuying A Home With Past Credit Problems Types Of Home Loans Shopping For The Best Home Loan in Frisco TX Things You Need When Applying For A Home Loan Congratulations! Now that you have found the perfect home, all that's left is getting the perfect mortgage. In order to do that, you will have to know what your lender needs from you in order to get your loan application approved. Property Description When applying for a home loan, you will need to provide the lender with detailed (0 comments)
Read More Articles about Shopping for a Home Loan in Frisco , TXBuying A Home With Past Credit Problems Things You Need When Applying For A Home Loan Shopping For The Best Home Loan in Frisco TX Types Of Home Loans If you are in the market for a new home, it's important that you know what type of loans are available to you. Whether you have perfect credit, a few financial blemishes or are just starting out in life and want to own a home, understanding your options will prove to be invaluable during your house hunting excursion. (0 comments)
Read More Articles about Shopping for a Home Loan in Frisco , TXBuying A Home With Past Credit Problems Things You Need When Applying For A Home Loan Types Of Home Loans
Shopping For The Best Home Loan Finding the perfect home is a task, but shopping for the best home loan can be even more tedious. With so many lenders promising low rates, closing costs and little or no down payment requirements, it's often difficult to know which way to turn. Luckily, there are several steps that you can take to find the right (0 comments)
Read More Articles about Shopping for a Home Loan in Frisco , TXShopping For The Best Home Loan in Frisco TXThings You Need When Applying For A Home Loan Types Of Home Loans
Buying A Home With Past Credit Problems Buying a home can be both exciting and stressful but, for those with past credit problems, the process may also seem intimidating. The good news is that many lenders have adapted to the idea that many hopeful homeowners simply need a second chance, which means that past credit problems no longer have to define your future. (0 comments)
Check out my other Commercial Real Estate Blogs:Commercial Real Estate Leases - Numerous Options DefinedShould Your Small Business Buy, Rent, or Lease?The Optimum Deal - A Good Relationship With Your Landlord!! Office Space - Lease Negotiation Most businesses require leased space, and office space is one of the largest expenses a growing company incurs. A lease agreement constitutes a significant financial commitment for a business. Yet many people blindly sign leases that bind their business for many years without any meaningful attempt to negotiate the terms of the lease. Negotiating the best lease possible can save your company enough (1 comments)
Check out my other Commercial Real Estate Blogs:Commercial Real Estate Leases - Numerous Options DefinedShould Your Small Business Buy, Rent, or Lease?
The Optimum Deal - A good relationship with your landlord When we represent and negotiate for tenants, we keep in mind that we are arranging a "marriage" between our client and the landlord. Our duty is to facilitate an arrangement that works well for both parties over the long haul. The optimal deal for a tenant is not always a lease with the lowest base rent. If we become responsible for "leaving the landlord's blood on the (0 comments)
Check out my other Commercial Real Estate Blogs:Should Your Small Business Buy, Rent, or Lease?The Optimum Deal - A Good Relationship With Your Landlord!! Commercial Real Estate Leases - Numerous Options Defined A wide range of commercial leasing possibilities exist. Typically, an office lease in a major city and a retail lease in a suburban shopping center will be considerably different. From a broad perspective, there are a few types of leases commonly found. Within these categories, leases may vary considerably. Gross lease: The tenant pays a set amount of rent and the landlord is responsible for payment of taxes, (0 comments)
Check out my other Commercial Real Estate Blogs:Commercial Real Estate Leases - Numerous Options DefinedThe Optimum Deal - A Good Relationship With Your Landlord!! Many small business owners struggle with the dilemma of deciding whether to buy, rent, or lease office space. If you ask business consultants or real estate brokers, you will get conflicting answers. The key point to remember is this: Each small business brings its own unique situations and concerns to the table, which means the answer will be different for each business owner. A good place to begin is by examining your company's current business plan (1 comments)
Family Three-Day Home Emergency Kit Every home should have an emergency kit. Whether it's an actual emergency, inclement weather, a power outage or other unforeseen occurrence, it's important to expect the unexpected. Therefore, it's a good idea to prepare a three-day home emergency kit that includes the following elements: Bottled Water Experts recommend drinking 6-8 glasses (8 oz.) of water every day, which is why having bottled water in your home emergency kit is essential. Not only is water necessary for good health, it's also necessary for survival. You should keep enough bottled water for everyone in your (2 comments)
We all want to feel safe in our own homes. Accidents, especially tragic ones, aren't something we want to think about. But when it comes to accidents, the old adage, "an ounce of prevention is worth a pound of cure" is doubly true! I thought I would share with you some precautions against some of the most common household accidents. Change the locks on all your exterior doors. Unless your house is brand new you never know how many strangers may have a key to your front door. Never leave standing liquids unattended. Stay within arm's reach while your child is bathing (0 comments)
When moving day arrives, there's nothing quite like the nagging feeling that you're forgetting something. But, don't let the moving blues get you down because there are a few tricks that you can use to make sure that you don't leave anything behind. A good rule of thumb is that the last things that you use are likely to be those that are forgotten, so make sure to do a final check through the house before leaving. As you are packing in the days leading up to the move, make a (5 comments)
Starting out in the real estate business (or any business for that matter) can be a little anxiety inspiring. The initial stage of getting off the ground is always a challenge. There are plenty of ideas out there on how to get new business, but one of the best ways to build your business is by building on the relationships with your current clients. If you offer outstanding service and do the job right, you will get the referrals. Word of mouth is still one of the best marketing tools a business can ask for in Frisco, TX. Always keep (0 comments)
Buying a home is euphoric and scary. On one hand, you are moving into a property you own. On the other, you are committing to the repayment of a lot of money. How to Avoid Buyer's Remorse Buying a property can throw your emotions all over the place. First, you are ecstatic when the seller agrees to your offer. Soon thereafter, you start worrying about the price, potential problems and the commitment you have made to pay hundreds of thousands of dollars over the next 10, 15 or 30 years. It can be a monstrous rollercoaster for your emotions. You (2 comments)
To Listen To a Pre-Recorded Message About Short SalesCall (972)200-1774 Ext.0627 As dreams of home ownership are taking newer turns, so are our efforts to realize them. It is only natural for anyone to dream of a home of one's own, where one can live with one's loved ones and cherish all the dreams that one had regarding a home, sweet home. And to acquire this, one can actually do anything starting from laboring day in and day out to pay that sky-high mortgage, even compromising on several aspects of daily life. But what happens when you miss one installment? The (1 comments)
The simple fact is we Americans move a lot... 11 or 12 times in a lifetime depending on whom you consult. Chances are you are going to purchase a house during quite a few of those moves and somewhere along the line you may have the opportunity to build a new home. Should you? Everyone has fantasized at some point about his or her dream house. You may want closets big enough to live in; a bathroom that doubles as a spa; a kitchen in which you could produce programs for the Food Network But, as in most fantasies, there (3 comments)