Review of house 4 sale::For Sale by Owner? - What's Your Question?
Review of house 4 sale::For Sale by Owner? - What's Your Question?
You have decided to sell your house. That is am important decision. It can be a stressful time; you'll have to have strangers walking through your house, you'll have to negotiate the price, you'll have to pack up all of your belongings and move. So, why not take some time before you've got an offer and locate all the documents you'll need to complete the sale. In addition, you may find that you can not locate something you were sure you had. If you get all of your documents together ahead of time, you will have plenty of time to replace anything that you can't find. You may also discover that you need permits from your local town hall. Getting these can be time consuming. If you begin the process now, you won't have to hold up your sale or make any last minute negotiations. 1.Deed or deeds to the property a. Property description b. Exact boundaries and size of the plot or acreage c. Tax map number of section, block and lot d. Restrictions and easements (others' right to property including mineral, water and drilling) legally binding all future owners e. Description of any property sold from original purchase 2. Surveys, survey maps, tax maps. Often, the buyer's bank will want a new survey of the property. This is the usually responsibility of the buyer to order and pay for. However, while your house is for sale, prospective buyers may want to get an accurate idea of property boundaries, so if you have a survey or tax map be sure to find it. 3. Title insurance policy or title search information. You will need a copy of your title insurance certificate or policy. This states that you own the house and that no one else except your mortgagor makes claim to the property. You will need this documentation. 4. Property taxes (any reduction due to veteran's or other exemption?). If you have any property tax exemptions, be sure to let the buyer know before contracts are signed for the sale or your house. For example, the buyer many not be entitled to your Veteran's exemption. A buyer can claim misrepresentation if the true property tax amount is not disclosed. 5. Mortgage information (including first and second mortgages, any liens, judgments or equity loans on the property). You will also need to get a pay off amount from your mortgagor shortly before the closing. The buyer or his attorney will need to make out a check to your bank for this amount. 6. Insurance. Make sure that you have all insurance certificates on file and that they are current. 7. Engineering or contractor inspection report. Your buyer will almost certainly want to have his or her own building inspection of your house. However, if you have had a recent engineering or contractor inspection report, you many want to have it accessible to prospective buyers. 8. Guarantee and warranties. The buyer will appreciate having any warranties or instruction manuals for the appliances, etc. Also, you may have guarantees for items like a roof or central air conditioning unit. Be sure to turn these over to the buyer at the closing. Having them handy may even be a selling point to a buyer. 9. Contracts and leases. If you have a tenant, be sure to have a copy of his or her lease on hand, as well as any other contracts you any have involving your house. 10. Utility bills. Prospective buyers will often want to know what the costs are of running your house. Of course, prices will vary from year to year and so will their usage. But it is a good idea to have these bills handy as a guideline. 11. Termite inspection or guarantee. In most areas, the seller is responsible for delivering a house free and clear of any wood eating insects or from damage due to those insects. A bank generally will not finance a house that has live termites or carpenter ants. The buyer will often have an inspection done to determine if any of these insects are present. If a treatment is determined to be necessary, be sure to get a treatment and a one year guarantee. Bring the guarantee to the closing. 12. CO's (certificates of occupancy) by your local town for additions or changes to existing structure and/or property as well as for original structure. It is a great idea to make sure that these are all in order when or before you list your house for sale. If you have made any changes to the structure of the house, if you have added or enlarged windows or if you have finished previously unfinished space, you will need a Certificate of Occupancy from your local town hall. Don't wait until the last minute for these. No one wants to get to the closing table, only to find out that the sale is held up because you are missing a permit. Your local Realtor may be able to help you determine if you need any additional permits or Certificates of Occupancy. Smooth Sailing Now that you have all of your documents ready, you can proceed with the sale or your house. You will not have to make any concessions because you have something missing at the last minute. If you have all of your paperwork handy and current, you will find that the process of selling your house will go more smoothly. Be sure to check with your local Realtor or attorney as customary paperwork may vary from region to region. |
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Labels: Existing Home Sales, Government Owned Homes for Sale, Home Sales in My Neighborhood, Homes Sale Owner, Houses Sale Huntsville TX, Re Max, Recent Home Sales My Area, Sheriff Sale Homes
Review of houses 4 sale::Log Homes For Sale In Wyoming?
Review of houses 4 sale::Log Homes For Sale In Wyoming?
The most extreme Halloween attractions, where you can spend time with the gogglers, where the evil dead comes alive, and scare you out of your mind can be found, at the Dead Acres Haunted Hoochie, located in Patatskala, Ohio, also serving the Columbus, area. You're dare to trick, or treat, and see everything that is not sweet. The Haunted Hoochie has added this year their newest attraction feature simulated live demon birth. You can buy tickets on sale for $17.00, or purchase a V.I.P ticket for only $27.00 on-line at. You may want to bring money to the Haunted Hoochie, to buy food, and merchandise. The Dead Acres Haunted Hoochie complete days of operation, rain or sunshine begin on, Thursday, September 25, 2009. The haunted Hoochie will be opened to the public every night. The Haunted Hoochie ends on Saturday, November 1, 2009. Among the most extreme haunted houses serving the Columbus area is, the House of Nightmare, located at 477 S. Front St. in Columbus Ohio 43215. This year is all new effects. You would how to come see why the House of Nightmare at Terror Fest was selected as one of America's best haunts by, www.AmericasBestHaunts.com where you will be entertained by the darkest, and scariest place on earth. The House of Nightmare at, Terror Fest consists of 2 extraordinary attractions, the House of Nightmare, and the Brewery Butcher Serial Killer. This state of the art attraction puts you into the demented nightmare experience by one of the nations first serial killer. The Butcher murdered more than 38 peoples doing the Heyday of Columbus, thriving Brewery District. Now he's back, and he's waitng for you. Operation date starts September 25, 2009, and last through November 1, 2009. Operation hours starts at 7:00 pm to 10:00 pm, Sunday through Thursday. 7:30 pm to 12:00 midnight, Friday and Saturday. For ticket sales visit, www.theterrorfest.com. The Ohio Haunted Santa Maria is located in Battelle River Front Park at, 25 Marconi Blvd, Columbus, Ohio. Climb abroad this ship for the most tense experience in fear for Halloween scariest attractions, if you dare not to be afraid of surprised attacks. You will experience the ultimate ghostly attractions in Columbus, Ohio. Do you have any fear of crawlers, and creepers, then look out for the spiders, and rats, be careful not to run or hit, you may get hurt. Bring along with you your family and friends, watch over your shoulder for skeletal kins, and never turn your back from the scariest moments, you'll ever experience aboard the Haunted Ship. For tickets onsale, or group rates available with advanced reservations, call (614) 645-8760. You can also visit online at, www.hauntworld.com, or www.santamaria.org, for online ticket purchases, and ticket prices by clicking on spectacular events link. There is three operation dates aboard the Ohio haunted Santa Maria starting October 29, 30, and 31, 2009. |
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Labels: Existing Home Sales, Government Owned Homes for Sale, Home Sales in My Neighborhood, Homes Sale Owner, Houses Sale Huntsville TX, Re Max, Recent Home Sales My Area, Sheriff Sale Homes
Review of recent house sales in my area::find out what house sold for in my area
Review of recent house sales in my area::find out what house sold for in my area
As I spoke with my mother recently, we talked about the current state of finances. She is aware of many people struggling with Forclosures right now. She has helped as many as she could. She worked part time for a bit after she retired. She stopped her part time work well over a decade ago. She was able to stay with the same job for quite some time. She stated that when she retired she made $39,000. This was in the early 90's. She asked me if I thought that was good. I said yes. It was good for the time. She and her husband continue to do well with a nice sized home with equity in an upwardly mobile community in Maryland. They are both retired and live off of the retirement fixed income. It amazes me how many now that salary doubled would be looked at by many as barley getting by to make ends meet. New Home Values in the New Foreclosure Climate in MD In fact, my neighborhood most homes are valued at over $600,000. On the real property search which is Maryland's tax assessment system, the median value on my block was over $630,000. With that tax value being the basis for real estate property taxes, appraisers are having a tough time in some cases getting a value over 600,000. I recall a case where a client had work done to there house. They got and appraisal for $400,000. They had 50,000 worth of real work done to there house. They updated their kitchen and bathroom and added a new 2 car garage. The appraiser came back and said the new value was $390,000. In this case, the local sales dropped the value of the home. In spite of all the work, the home dropped in value during the 2 months it took to complete the work. Luckily this person had several hundred's of thousand of dollars in equity. In many cases with people this would have lead right to Foreclosure. To qualify for their homes, most couples had to earn roughly $200,000. There are many homes in my neighborhood that go for well over 1 million. Those whom qualify for those loans are dealing with different kinds of jumbo loan borrowing strategies. The income of those in the million dollar homes is also something that its hard to ascertain. Most have done stated income deals which allow you to show lower amounts of table income, but based upon good credit history you can state your income with minimum income verification. Its brings me back to question, in an area with so much prosperity, why are so many families struggling with foreclosure? When I take a closer look, I see many house are up for sale. One of the recent local Realtor housing statistics showed that homes in my zip code this summer were being sold for 5% less than their listing price. So if a home was listed at $500,000 it sold for $475,000. It would be great if you have $200,000 in equity. However most people I know are mortgaged to the max. That $25,000 might have been all the equity they had in the home. As I considered those factors, I read the new outline for Bush's Aid for Mortgages. What I thought would be an interesting take on a solution turned out to be an example of why some politicians need a perspective change Who are some of the New Foreclosure Climate in MD The administration seems to challenge those speculative investors whom are facing foreclosure. The current administration indicated the government is not business of bailing out speculative investors. The aminstration does not have a policy to support those whom gambled and turned out wrong. The current administration also stated that they were interested in working with FHA to build policy to give loans to those will good credit whom are faced with rising interest rate. Those whom have good credit with a slight fiancial challenge will be able to get a loan, with or without the administrations help. Though there are few Stated Income deals, they have not gone completely away. The people I know facing foreclosure are doing so because they are going through a traumatic experiences. Some have just gone through or continue to go through a divorce. Some had a recent job loss and can not find a job paying and equivalent amount. Some have seen unexpected deaths in their immediate family for various reasons. The big picture is that these people have has some issue as a distraction and now are behind on the mortgage. The New Foreclosure climate, also prevents investors from being. I know one woman that has a home valued at $450,000 in December. She has been attempting to sell her house at 390,000 since March. She is now in foreclosure and is frustrated. She stated she was simply willing to walk away from the property for the mortgage balance, which is slightly over $300,000. Her problem is so many other homes in her area have sole for just over 300, 000 that here home in 8 month as dropped tremendously in value. She had a house on her block in July sell for $315,000 which is less than she owes on the house. If she were to sell it at fair market value, she would have to come to the table with money. There are many other cases like her situation. What can be done in the New Foreclosure Climate in MD Quite honestly, I don't know. I know that investors have the pick of the litter. They are able to swoop in and pick and choose what deals they will do. Most are only looking for situation that they can get in and out of quickly. When the Fall & he holiday season fast approaching, a slow housing market is about to get slower. I have faith that we can get out of this quagmire. My belief is that while this is a correction, we can and will survive. I know that many will go through much pain right now, but things will get better. My thoughts on a solution start with education. The more people are aware of what they sign up front the better we all are. Many people bought $600,000 homes with low interest payment ARMs. The ARM loans expired and people were not prepared to make the new payment. Two people that might have made a combined 100,000 a year can afford a 3000 note on a home. Where clauses allow new payments to adjust up to 4500 in interest rate environment, many people were not prepare. When you add the fact that some still continue to be laid off, it makes a touch situation more of a challenge. That said, education is key. Sometimes experience is the best teacher. Its a tough price to pay but people hopefully learn there lesson well. My hope is that the solution is: 1) Education of the consumer base about best lending practices 2) New life experience that parents of this generation can pass down to others I hope and pray that this challenge get much better. While I do not know the solution, I do know things can and will improve. |
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Labels: Home Sales in My Area, Home Sales in My Neighborhood, House Sales by Zip Code, House Values by Zip Code, Houses Sold in My Street, Recent Sales by Zip Code, Recent Sales in My Neighborhood, Sold Properties in My Area