There is a lot of talk regarding the slow pace at which appraisals are now being done, the figures they are also giving are way too low. Much to the dislike of the many real estate agents and sellers alike. The process of appraising a home tends to come as part of the buying process where a buyer or the agent acting on behalf of the buyer, contacts an authorized appraisal representative who is hired to make an estimation of the true value of a specific property. They are licensed to carry out their jobs at par with industry standards yet realtors disprove of their results which they say are way lower than the true value of properties they are selling. There is a lot of controversy as to the figures they are using in their estimation and calls for a revamp of these very tables are called for by the many realtors out in the ailing housing market.
It’s that time of the year again when you need to wear those rain boots and take your umbrella along with you everywhere you go. As ready as you are to take on the rainy season, have you ever considered getting your home prepared as well?
Here are some tips on how to prepare for the wet season.
1. Get your roof ready for a lot of rain. – Look for cracks or holes on your roof that might cause water to enter your home. The roof should be on a tip top condition.
2. Clear any debris or dry leaf that can cause clogging of the rain gutters. Your gutters should drain well.
3. Make sure that both your door and windows close properly. Not being able to properly shut both is one of the major causes of having unwated rain water to enter your home and ruin your furniture.
4. If you live in a home that is prone to flooding, have enough sandbags to counter the flood.
Home renovations are very flexible but before you can even hammer a single nail, you’re going to need money to pay for it.
You can turn to cash and liquid assets to fund your home renovation – your savings and checking accounts, as well as saving bonds. This way you don’t have to deal with interest rates, extra charges, nor do you have to be dependent on anyone else. On the downside, this could deplete your savings. This option is only good if you have lots of cash to spare. Read the rest of this entry »
Both modular and manufactured homes are built in the factory but modular homes have more advantages.
Manufactured homes are also called mobile homes, and are built only to HUD, or federal building code. They are not required to meet code requirements in the specific destination where the homes will be erected. Also, it is not required for the inspectors to approve the structure.
Modular homes on the other hand, have to pass a stricter set of guidelines. It is held to the same IRC code requirements as site built homes, and must adhere to the local and state codes. It will therefore appreciate better as investments.
Education is always a priority in this county, where the fourth largest school in
Though recession has evidently slowed down the real estate industry last year, it still did not stop people, at least the rich ones, to purchase expensive homes. According to Trulia.com these were the most expensive homes of 2012, some of it were already sold, some are still in the market.
5. Woodside California’s $85 million mansion. This 9,000 square feet home has 9 bedrooms, and 8 bathrooms. The home itself is not as expensive but the vast land of 91 acres property is beautiful and has so much potential.
4. Sherry Netherland Penthouse in New York. This home has 7 bedrooms and 8 bathrooms. A full floor in this NY hotel overlooking Central Park is being sold for $95 million.
3. City Spire Penthouse – This home, also located in New York is for the value of $100. It has 6 bedrooms and 9 bathrooms. Great view and sits more than 70 stories high.
2. Ocean Drive Mansion, Miami Florida- For a bargain at $100 million, this mansion boasts of 10 bedrooms, 11 baths and has hand-painted frescoes and an observatory.
1. Fleur de Lys - $125 million mansion with 12 bedrooms and 15 baths. Located in Bel-air, Los Angeles. It has a screening room with 50 seats!
Some home buyers who are looking for a good deal usually consider getting a house in foreclosure. Sellers go into foreclosure for various reasons: they got laid off or fired from their job, mounting debt and bills, transfer to another state, or are unable to work because of medical conditions.
Before buying a house in foreclosure, remember that the proceedings differ from state to state. Some homeowners can occupy the property up to a year; in other states, the seller has about four months before he or she vacates the house.
You also need to determine if you’re the kind of person who can take advantage of the seller’s unfortunate circumstances. Some might argue that this is just business while others believe they are helping the seller, but deep down you know that isn’t true.
Here are some more ways you can find a real estate agent who will listen to your needs.
Attending open houses is one way you can meet various real estate agents in a work environment. Get their business cards and write notes on each real estate agent. Observe if he or she is polite, knowledgeable, and professional, and pay attention to the way the agent shows the home.
Look at the listings in your neighborhood and pay attention to the day they are placed and when the sold sign is placed. An agent who sells homes fastest might be better than one who has a lot of “for sale” signs.
Also look at print ads. There are usually two kinds of print ads run by real estate agents – the first sells a specific property while the second promotes the agent. Look for ads of properties in your ideal neighborhood and then research online about the agents who are advertising them.
Manufactured homes are commonly thought of as “trailer homes” or “mobile homes”. Today, however, manufactured homes come in different styles and offer more options than in previous years. Manufactured homes are usually built in a factory according to the standards of the Federal Building Code or the HUD code, as well as local codes. Made out of a non-removable steel chassis, portions of a manufactured home or the entire home itself can be moved to the site from the factory using its own wheels. Once the manufactured home reaches the site, they are assembled and the utilities are connected. An inspector looks at the work that has been done before the structure is approved. While less expensive than modular homes, the value of a manufactured home often decreases with time.
Subprime woes spread to pricey real estate.
NEW YORK – The subprime mortgage crisis is spreading to a somewhat unexpected place: homes costing more than $500,000.
As lending has rapidly gotten more restrictive for borrowers taking out large loans, sales of expensive homes have fallen sharply around the country during what should be one of the busiest seasons for buyers and sellers, mortgage bankers and real estate agents say.