Viewing category: Buying Property
Thursday, 10 January 2008
What Your Home Inspection Should Cover
What Your Home Inspection Should Cover
1. Siding: Look for dents or buckling
2. Foundations: Look for cracks or water seepage
3. Exterior Brick: Look for cracked bricks or mortar pulling away from bricks
4. Insulation: Look for condition, adequate rating for climate
5. Doors and Windows: Look for loose or tight fits, condition of locks, condition of weatherstripping
6. Roof: Look for age, conditions of flashing, pooling water, buckled shingles, or loose gutters and downspouts
7. Ceilings, walls, and moldings: Look for loose ... Read more
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Thursday, 17 January 2008
7 Reasons to Own Your Own Home
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there’s no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS" found that a typical homeowner has approximately $50,000 of unrealized gain in a home.
3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity owners... Read more
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Thursday, 31 January 2008
Every Year at this Time
Every year at this time, folks have the feeling there is a little more in the air than love. Perhaps it’s the anticipation of another sharp pointed projectile aimed in our direction. This ‘other’ feeling isn’t coming from the warm caring feelings of one near and dear to us with the aid of Cupid’s bow. . . It comes instead in the form of Tax Forms from our not so ambivalent Internal Revenue Service.
Every year we Americans appear to pay our government more in taxes with less to show for it at the personal level, and each year we attempt to seek out just one more deduction to soften t... Read more
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Wednesday, 12 March 2008
Improving Credit to Qualify for a New Mortgage
It isn’t unusual for GreatWest GMAC Professionals to come across clients, who would like to purchase a home, but are a tad skinny on qualifying for a new mortgage.
It is interesting to note that in fairly short order, a buyer can improve their finances enough to more readily allow for easier qualification of a home loan.
For instance, if you are someone, who has a few credit card or consumer bills coming in each month, there are steps you can do which will help allow for a swifter loan payoff, or more readily get yourself out of debt.
One of the more notable ways i... Read more
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Wednesday, 2 July 2008
Pictures May be Worth Thousands of Words - But They Don't Replace Real Estate Agents
As many GreatWest GMAC Real Estate clients have learned in the last few years, technology and the Internet has dramatically empowered them in their quest to buy and sell real estate. There is a wealth of websites available, where buyers can conduct their own searches for homes. Many buyers (and sellers too) begin their search, before contacting an agent, and some continue to search, on their own, even while working with a real estate professional.
Internet consumer searches are done in much the same way, as real estate agents. Search parameters (towns, price range, number of bedroo... Read more
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Wednesday, 9 July 2008
5 Common First-Time Homebuyer Mistakes
5 Common First-Time Homebuyer Mistakes
1. They don’t ask enough questions of their lender and miss out on the best deal.
2. They don’t act quickly enough to make a decision and someone else buys the house.
3. They don’t find the right real estate professional who is willing to help you through the homebuying process.
4. They don’t do enough to make their offer look good to a seller.
5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.
Reprinted with permission from Real Est... Read more
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Wednesday, 20 August 2008
Avoiding Scams Surrounding Free Credit Reports
Often when folks are readying themselves to buy homes, one of their first acts of readiness is to obtain their all important credit score. By law, consumer credit reporting companies, Experian, TransUnion, Equifax, are to provide you a free copy of your credit report, once a year, should you request it.
There is a toll-free number, mailing address, and a central website (listed below), which you can reach these the three companies mentioned above.
It should also been known there are companies that claim to provide this free service. However, there is also and high incidence o... Read more
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Sunday, 28 September 2008
Houses are Receiving Multiple Offers
We’ve certainly had more than our fair share of bad news in the housing marketplace in recent months, but there may be reason for a glimmer of hope, and a new dawn breaking at last on the horizon.
More and more GreatWest GMAC Real Estate Professionals are reporting offers being written, and more buying activity than seen in awhile.
The entry-level housing arena seems to be enjoying some exuberance being fed by the CAL FHA, First Time Buyer program.
One real estate agent reported they had been working with a buyer for a few weeks, using this type of financing fo... Read more
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Monday, 5 January 2009
Good Reasons to Own Your Own Home
1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, property taxes you pay, and some of the costs involved in buying your home.
2. Gains. Between 1998 and 2002, national home prices increased at an average of 5.4 percent annually. And while there’s no guarantee of appreciation, a 2001 study by the NATIONAL ASSOCIATION OF REALTORS" found that a typical homeowner has approximately $50,000 of unrealized gain in a home.
3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership inte... Read more
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Wednesday, 14 January 2009
The Tax Value of Home Ownership
During this Important Tax Filing Season it is Important to Remember the Value of Home Ownership.
Although during this tax-filing season we are keenly aware some homeowners are having difficulty paying their mortgages, it is important to realize the benefits which come with home ownership.
Here are some points to consider, and discuss with your tax professional:
· Mortgage interest on your home continues to be tax deductible.
· Property tax is also very much deductible.
· Home energy and tax savings – There can be Energy Tax Incentives, which offer taxpay... Read more
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