Choice Properties Real Estate
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- 2020 | 12 Posts
- 2019 | 42 Posts
- 2018 | 47 Posts
- 2017 | 45 Posts
- 2016 | 47 Posts
- 2015 | 54 Posts
- 2014 | 13 Posts
25
Who Pays the Closing Costs?
Buyers and sellers in the housing market have many fees to consider when purchasing and selling a home. One of the costs, closing fees, can be confusing to understand who pays for the fee. Learn more about closing costs when buying or selling a property.
Buyer Costs
Closing fees can be present for both buyers and sellers. Typically, the buyer is faced with more line-item expenses than the seller (who typically pay more). Most buyers are getting loans to make the purchase of a home and many charges stem from the loan itself. A buyer should receive something called a loan estimate form early on in the sale pro...
24
The 5 Stages of a Remodel
Remodeling a home can be stressful whether it includes a room or a full addition. Five distinct stages exist which a homeowner experiences while remodeling: planning, budgeting, demolition, construction and cleanup. If a homeowner stays focused on the goals of a remodel, it is possible to feel less anxious and more excited as each step progresses closer to the end goal.
Planning
The main goal when starting out is to stay organized. Remodeling projects and home additions are challenging depending on the size and budget of a project. Start by listing ‘must-haves’ and stick to the product list to stay on budget and schedule. A minor change can cause delays.
17
Hidden Costs and Last Minute Fees to Watch Out for in Your Lease
Companies are working hard to bring in extra money for business all the time. Airlines are charging for extras which used to be free (baggage, extra leg room, snacks) and food companies are putting less in packaging for the same or even a higher cost. The bottom line has become more important than meeting consumer needs, in some cases. Consumers may forget this fact when signing a lease for a home. Renters may feel reasonable fees are charged to lease space but forget about itemized charges for utilities and other amenities which add to the total cost. A competitive rental market has driven prices higher than ever before in many urban markets. Learn more about the hidden costs and fees associated with leases and what to look for before signing a lease on the dotted line.
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10
4 Steps to Buying a Second Home
Purchasing a second home can be a big step. Whether seeking a cabin in the woods, a getaway beach home or modern condo in the city, buying another property is a big decision. Here’s how to know if now is the time to buy.
Affordability
Assessment of personal finances is critical in determining whether to purchase a second home. Beyond the cost of a second mortgage are other financial issues such as what interest is charged on a second mortgage. It may also depend if the home will be rented out as lenders consider rental properties a higher risk than those listed as primary residences. Other factors may include:
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Insurance
2
How to Maximize This Year’s Seller’s Market
Whether a first-time buyer or one with experience, inventory is slim but lots of competition exists which can lead to a frustrating seller’s market. Quick, easy sales are best for buyers. Sellers and buyers can benefit from some of the following tips for maximizing home selling and buying and the current competitive market.
Sellers and Buyers
The following tips will help any person selling a home or purchasing know what to look for when stepping into the current market.
Seller: Prepare, inspect, disclose and plan ahead. The market is less forgiving if a person makes a mistake. A home which goes ‘back on the ma...