Failure to pay property taxes can lead to serious consequences. Finds, interest, property liens, are even foreclosure. Most lenders, require monthly mortgage payments to include an escrow for 1/12 of the annual property taxes. If your taxes aren’t a part of your monthly payment, make sure you’re setting aside enough to cover the annual taxesContinue reading “Impact Of Unpaid Real Estate Taxes”
Tag Archives: NY real estate
What Does A Home Inspector Do
An inspector checks the safety of your potential new home. Home inspectors focus, first of all on the structure, construction, and mechanical systems of the house and inform you of the need for repair. Read Also: Things To Do After Selling Your Home The inspector does not evaluate whether you get the value for your moneyContinue reading “What Does A Home Inspector Do”
Things To Do After Selling Your Home
So you’ve sold your home and closed the deal successfully. Now what? Read Also: What Is Equity As of the date you vacate the premises. Most importantly, if your closing experience was a good one, send a thank you note to both the realtor and the lender. Watch the video below: Subscribe to our YouTube ChannelContinue reading “Things To Do After Selling Your Home”
What Is Equity
“Equity” is the value you own in a property, such as a house. It’s the difference between what’s owed and what the property is worth in the current market. Read Also: Understanding Seller Disclosures Let’s say you have a house worth three hundred thousand dollars today and you owe the bank two hundred thousand dollars. YourContinue reading “What Is Equity”
Understanding Seller Disclosures
Most states require sellers to disclose any known defects and material facts about the property. They’re selling while these disclosures vary from state to state. The disclosures are the homeowner’s responsibility and not the realtor’s. In many states, it is illegal for a seller to conceal major defects. Generally speaking, you’re only required to discloseContinue reading “Understanding Seller Disclosures”
What Is An Appraisal
Every house is unique. Appraisers are trained and licensed for expertise in putting a value on properties. Appraisers don’t work for the buyer or the seller. Their primary mission is actually to protect the lender, who’s risking money on the home’s sale value. Appraisers have to wait for factors about the property and location, includingContinue reading “What Is An Appraisal”
How To Prepare For Internet Showing
These days, your first show will be on the internet. Your price listing description and photos are determined. Whether or not someone will pay a personal visit, consider professional staging advice or help prepare for photos and videos just as carefully as real visits. Ask your realtor if they use a professional photographer. If theyContinue reading “How To Prepare For Internet Showing”
Are The Holidays A Good Time To Sell
Many sellers avoid putting their homes on the market during the holidays, but real estate professionals know that the holiday season is a great time to sell because of lower inventory. During the holidays, buyers have fewer homes to choose from, and this can create competition among buyers and lead to higher sales prices. ReadContinue reading “Are The Holidays A Good Time To Sell”
How To Handle Home Buyer’s Remorse
Some people experience a phenomenon known as “buyer’s remorse” after buying a home. A sense of regret associated with their purchase a few days after closing. They wonder if they made the right decision, if they acted too quickly or if they paid too much. Read Also: Is An Older Home A Better Value Than AContinue reading “How To Handle Home Buyer’s Remorse”
Is An Older Home A Better Value Than A New One
There isn’t a definitive answer to this question. You shall look at each home for its characteristics. Generally, older homes may be in more established neighborhoods that offer more ambiance and have lower property taxes. People who buy older homes, however, shouldn’t mind maintaining their homes and making some repairs. Read Also: Tips For Hiring ProfessionalContinue reading “Is An Older Home A Better Value Than A New One”
