Focus on the sales price of the house. Don't antagonize the seller over non-essentials like the air conditioner, appliances etc. Ask the seller to share in closing costs to help in reducing the over all cost. Arrange for a home inspection if you have any doubts about hidden construction flaws. Many times the seller will pick up the costs or split them if you ask them to. Do this and you will not suffer...
Buying or selling a home is a complicated process. And you can make it even more challenging when you make some of the more common buying or selling mistakes. Just ask your local real estate agent. You can bet that the agents selling homes in your community have seen plenty of mistakes from both first-time buyers and sellers, and those who have bought and sold homes several times. What does your real...
SUMMARY Your first investment will be a learning process. While you’ll definitely make a few mistakes along the way, there are a few common pitfalls that can be avoided if you educate yourself beforehand. From financing errors to underestimating repair costs, newbies are at risk to lose serious cash if they’re not careful. Still, a real world education is invaluable, and this guide will help steer you...
The ratio affects your buying power... Your debt to income ratio is a simple way of showing what percentage of your income is available for a mortgage payment after all other continuing obligations are met. The ratio is one of the many things a lender considers before approving your home loan. A qualifying ratio of 28% is indicates the maximum percentage of your monthly gross income that the lender allows...
Green building You've probably heard the term, and perhaps even considered the use of certain green materials or green building concepts for your new home or remodel. But what exactly is green building and how can it benefit you and the world around you? Green building encompasses many different areas of construction, and as such there is no single definition that sums it all up. Basically, the concept of...
What are "the right things wrong" with a house? If you want to profit from your home purchase by more than the current average annual market value appreciation rate in most communities, you'll need to buy a less-than-perfect home. Here are five keys to unlock a profitable home purchase... Buy a sound, well-located home without major defects. Most home buyers aren't looking for major fix-up projects. But...
The preparing of the legal documents for the sale or transfer of ownership of land or other property, such as a car or home is know as conveyancing. The actual conveyance involves three stages: The Pre-Contract Stage, the Contract Stage and the Conveyance /Transfer of Legal Title. In the Pre-Contract Stage the transfer and creation of any interest in property, especially land, is one of the most important...
Start With Defining The Basics: Why do you want a second house? Is it for vacation or retirement, or is it a financial investment? Determining this will help point you in the right direction for the location, price and type of second home you ultimately purchase. Next, Location, Location, Location: You want a vacation home that's convenient to your primary residence, but still far enough away to create a...
You've found the perfect house, but the land it sits on isn't quite what you have in mind. Or maybe you've seen a great piece of land, but the house doesn't fit your needs. If nothing really says home to you, it might be time to consider building. Buying land may seem intimidating at first, but it really isn't difficult at all if you plan a course of action and stick to it. Know Your Budget Talk with a...
Many people aspire to one day own their own homes and go to great lengths to achieve this. Certainly in Trinidad and Tobago we have witnessed a rapid growth in the real estate sector and have stood by and watched prices of property soar to all-time highs. Everyone is looking for their dream property and may have budgeted for it, but many times, in the quest for the perfect home, several of the costs...
