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Now You Can Buy a Home For $500.00 to $1000.00 Down! For Recorded Information And Your FREE Educational Report Call:                   1-800-439-4674 ext. 9001 Anytime, 24 Hours A Day!  Your Report Will Be Mailed Within 24 Hours. Have You Wanted A Larger Home But Thought You Couldn't Afford It? For Recorded Information And Your FREE Educational Report Call 1-800-439-4674 ext. 9011 Anytime, 24 Hours A Day!  Your Report Will Be Mailed Within 24 Hours. How To Sell Your Home Quickly, For The Highest Possible Price! For Recorded Information And Your FREE Educational Report Call 1-800-439-4674 ext. 9021 Anytime, 24 Hours A Day!  Your Report Will Be Mailed Within 24 Hours.  

Buy or Sell: What to do first?

Ask your agent the right questions that will help you decide whether to sell the house first or buy a house first, and then wait for a good price to sell the old house.
    • Confide in your agent
    • Determine the urgency of the situation.
  • Contingency sales, which mean that you must wait to buy a home until you sell yours, can work to your detriment. Talk with your agent about the best strategy in this case.
How to go about it Financial Situation Economic Situation Downside
Buy your new home before you sell the current home. Makes sense if you have a comfortable cash position. Hot Market with soaring real estate prices and intense bidding. Getting stuck with two homes, if your old home does not sell fast. Cash required for the down payment before freeing up the old home.
Buy the new home and rent out the former home for a temporary period of time. The rent checks will cover the mortgage and maintenance. What’s more the tax deductions can be an added bonus. Sellers market, high prices and steep interest rates. Renting rather than selling a property for an extended period of time may jeopardize your tax benefits. Keep in mind that according to federal tax law, you can receive tax benefits only if you have lived in the home as your principal residence for two of the past five years.
Take a home equity line of credit on your old house. Then buy the house of your choice, followed by the sale of your old house and pay off both the mortgages. Sufficient income, but cash crunch or liquidity issues. Problems with selling your home. Low interest rates favoring a purchase. Sellers market. Make sure that you have strong contracts that you have read properly. The mortgage lender and the bank providing the interim loan may want to see a contract of sale. A lack of specific conditions may allow the purchaser to back out of the sale.
Sell your house first and rent it back from the new owners. Sellers market where the buyer will agree to your terms to get the home they want. Lots of homes on the market and you don’t anticipate that taking a long time to find the home of your choice. Some buyers may be unwilling to allow you to do this, and if you do, you must find a home to purchase within a limited time period.
Sell your house first and consider renting an apartment till you can find the right home. Buyers market where you cannot afford to refuse the terms of the buyer, or offer contingent sale. Lots of homes on the market and you expect to find the home of your choice soon. Make sure to check the cost of storage to avoid huge payments just before you are get ready to buy a new home. Check the availability of apartments in the area where you are planning to move.

BEWARE OF THESE SITUATIONS:

When you are selecting an agent to represent you, these are some of the situations you want to be wary about.
  • Make an offer to buy a new home, contingent on the sale of your old home – Most sellers will not accept this, because it entangles them in your uncertainty to sell the house. They want surety and clarity, so this may not be a good idea.
  • Renting the house for too long: If you decide not to sell your house and simply rent it out instead, make sure that you don’t rent it for too long. According to federal tax law, you must live in a home as your principal residence for 2 out of the last 5 years of ownership to qualify for tax benefits from the sale. Please consult your tax advisor for tax related information.
  • If you have agreed to vacate your home in 60 days, you will be in a weak negotiating position due to the tremendous pressure to agree to an inferior deal when purchasing your home after the sale. This situation will be further aggravated if the seller is aware of your constraints and decides to use this as a tactic to increase the price.
  • Try to aim for a period longer than 60 days till closing. Negotiate for 90 or more days or see if the buyer will consider a short term rent for a month or two after closing. Try to offer a security deposit or rent that covers the new mortgage costs. During this temporary rentback phase, you want to make sure that the homeowners insurance company is covering the home and your possessions.
Take the right step at the right time. Call an informed agent who can make finding your “dream home” a smooth and enjoyable experience. "All information in this report is deemed reliable, but not guaranteed."    

Making Your Move Less Stressful

Here are some tips selected from different sources to make your move easier. Have you set the date of the move? If so, start preparing one step at a time. Start planning a few weeks in advance to prevent a last minute rush. SAMPLE NOTIFY CHECKLIST
    • Remember to send your new address to:
      • Family and friends
      • Post office
      • Department of Motor Vehicles
      • IRS
      • Library
      • Utilities – Allow an overlap when switching utilities in case of a delay. Here is a list of utilities you won’t want to forget: electric, disposal, water, newspaper, magazine subscription, gas, telephone, DSL or Internet cable, and the TV cable company.
      • Doctors and other medical professionals, dentists, your optometrist and
      • your vet.
      • Bank, financial institutions and your employer.
      • Organizations and associations where you are a member.
    • Arrange a date and time with your moving company.
    • Get an estimate for all your items and any special services that you may require.
    • Make sure all the boxes are labeled and review the list before signing the bill.
    • Take pictures of valuable items before the move just in case you need to provide a proof for damage claims later.
    • If you are going to use professional packers, organize your belongings for your convenience when unpacking.
    • If you are doing the packing yourself, make a list of the number of boxes and packing materials that you will need. Be sure to get them in advance of your move to prevent a last minute rush.
    • Label the boxes clearly so that you will be able to readily identify them after the move. The label should include the room they will go to and the name that represents the type of contents in the box. Fox example, “Kitchen/Glass” or “Michael’s Room/toys.”
    • Make a list of emergency phone numbers of those you may need to call if you need help. Inform them in advance that you may need their help. Add these numbers to your cell phone phonebook.
    • Create a separate survival box for all the items you may need on “day one” of your move into the new home. Make sure that you carry this box with you and load it last, so that it is the first one you can unload.
Items to add to that box:
Medicines, First aid kit Snacks Light bulbs Toothpaste
Sheets, Blankets and Pillows Paper plates Soap Pots and Pans
Water Cups & Spoons Paper Towels Milk
Slippers Sugar, Cereal Tape Trash Bags
Scissors Hammer Milk, Coffee Tape
  • Avoid waste by using up items that may spoil: like frozen foods, milk, yogurt, or open canned items, which may be a hassle to move.
  • Get rid of unnecessary belongings by having a garage sale or donating items.
  • Set a place for all packing material so that it is easy to find. Do not let it get lost in the clutter in the house. Here are some of the things your packing area should contain:
    • Markers
    • Folded boxes
    • Tape
    • Binding rope
    • Labels
    • Scissors
    • Cutters
    • Bubble wrap
    • Dolly
YOUR FAMILY AND THE MOVE Ensure that you have taken care of the following paperwork and processes:
  • Create accounts or transfer funds from you bank account to the area in which you will now be residing.
  • Gather copies of all your medical records, x-rays, prescriptions and other information that you may need.
  • Inform your children’s school about the move and ask them to transfer school records and transcripts to the new school. If you do not know the name of the school, make a package of all the material you will need for the application and secure the documents well in advance to avoid unexpected delays.
  • If you have pets, you may want to visit the vet and request health certificates for them.
  • If you have young children, you may avoid the adverse effect of the move by ensuring that they have enough to do, so they dont complain that they miss their friends.
  • Spend some time getting to know your neighbors and finding playmates for your children.
  • Get your children’s rooms set up first to avoid temper tantrums and make them feel more comfortable. One way to keep them engaged while you unpack is to rent movies or hire a babysitter to spend time with them. If you have family close by, you may want to ask them to take care of your children while you move in.
  • Your children may get hungry often with all the excitement and energy associated with the move. Make sure you have lots of water and healthy snacks for them.
"All information in this report is deemed reliable, but not guaranteed."  

You can buy with Zero Down

What is Zero Down? A zerodown payment or 100% financing allows qualified buyers to purchase a home with no cash upfront. What may be a perfect fit for one person may not be a good idea for you?
  • With a zero-down payment, you will end up paying a higher interest rate.
  • The good part is that the interest payments are tax deductible, so this may be a good option if you are a first time homebuyer.
  • Zero-down programs are perfect, if you have good credit and a steady income but have been unable to save money for a down payment.
Information from Mortgage News, Homebound Mortgage states that “zero-down loans will be capped at the FHA maximum of $ 160,000 in many smaller and moderate cost housing markets around the country, but will go to $ 90,000 in large, high-cost markets.” Here are the keys to making these transactions work:
  1. Find a seller who is willing to help pay the costs associated with any real estate transaction in exchange for a higher selling price.
  2. Keep a checklist to guide you through the process, so you don’t miss anything vital in the excitement of buying a new home.
  3. Benefit from the wealth of information on the web by shopping for a mortgage that has a zero-down payment program online.
  4. Another resource is the housing department in your county. You can inquire about federally or locally insured financing programs that have zero-down options.
  5. Do you belong to a credit union? Find out if you can receive special financing assistance as part of your benefits.
  6. Get a pre-approval, so that you can decide what price range you can look in. Don’t confuse pre-qualification with pre-approval. Pre-qualification is a superficial and casual process. Pre-approval will impress your seller more than a prequalification.
  7. Speak to your real estate agent about the information you need before you speak to a loan agent. Remember your agent is representing you, while the loan agent is looking out for the mortgage company or the bank’s interest. Your real estate agent can give you valuable tips on how to phrase your request, how to give just enough information, but not too much, and how to present yourself. Alternatively, the agent may want to be there with you.
  8. When you call a loan company, try not to ask about individual rates; ask about different programs and packages that are offered. Often the package price offers a better deal. Discern if the company has a significant number of good programs that are structured for your needs.
  9. When you call to inquire about a loan program, here is the list of information you may want to provide:
    • Your qualifications
    • Your income
    • Your debts
    • Your credit rating
Here are some of the questions you may want to pen down before you analyze your financing options:
  • Your employment history
  • Your credit history
  • Your savings
  • Are you prepared for larger monthly mortgage payments or do you need to plan to make a substantial down payment?
  • If you have been turned down for a mortgage in the past, what are the reasons and what can you do to improve your chances for approval in the future?
This analysis will allow you to be prepared for any questions, objections or comments that are posed by the lending officer. You will then be able to negotiate from a position of authority because you understand where you stand.

"All information in this report is deemed reliable, but not guaranteed."

Your Home – New or Resale

Are you finding it difficult to decide whether you should purchase a new or resale home? Use the checklist below for an initial take on what may be the right choice.

New Home Resale Home
Are you looking for a home that will be an expression of you? Are you looking for a home with an established character?
Are you looking for a home that reflects your personal tastes and style? Are you looking for a home that exists in an established neighborhood?
Are you looking for a home that you want to fit with the most modern convenience? Are you looking for a home has improvements made by past owners?
Here are some of the benefits of each type before you are ready to make your decision: RESALE HOME:
  • If you like developed landscaping and lush natural surroundings and don’t want to have to have to establish it, a resale home may be the right choice for you.
  • If you want to know the character and history of the potential neighborhood and want to associate yourself with its identity, then you may want to choose a resale home in a location that allows you to do that.
  • If you want to know your potential neighbors before you move in and not expect surprises like a shopping mall or restaurant next to your new home.
NEW HOME:
  • If you like the experience of a fresh start, and enjoy fostering relationships with other new home builders, a new home may be the right choice for you. Families, who buy a new home in a particular area, are at a common level, facing similar challenges and life-changing situations, which draw them together into a community.
  • If you are concerned about the electricity consumption and want a more energyefficient home, you may want to choose a new home because of the technological improvements to heating and cooling systems, insulation, construction technology etc. The U.S. Census Bureau's 1991 American Housing Survey suggests that operating costs per house are lowest for brand-new homes, slightly higher for relatively new existing homes but lower on average for older existing homes. Measured per square foot of living space, however, operating costs are consistently higher for progressively older existing homes.
Things to consider if you are buying a new home:
  • Make sure to find out about the number of phases planned in the new development and when they are scheduled to be completed.
  • Try not to be the first family on the block, so that you can take advantage of the improvements in the initial stages that previous owners have pointed out.
  • The sale price of a new home will continue to increase the more it is on the market as opposed to a resale home, which will fall with the length of its stay on the market.
  • Buyers who are experienced in the resale market may negotiate for a price that is lower than the asking price, however this is not true for new homebuilders who will not negotiate their price.
  • With regard to agents, the resale agents generally know a lot about the community, but not much about the homes that you visit. The new homes sales community will know a lot about the surrounding area, the local community and also the product that they are selling.
  • Ask the developer about future access to public transport, shopping centers, churches, schools and libraries.
  • Review the local zoning ordinances because a remote area can be converted into a fast-food chain. Even if the neighborhood is not strictly residential, make sure it is not out of control.
"All information in this report is deemed reliable, but not guaranteed."
 

PREPARING YOUR PROPERTY

Pre-Marketing Checklist

Fully preparing your home for sale can make a considerable difference in the time it takes to sell it. You can help eliminate buyer objections before they arise by making necessary repairs and improvements, some of which are suggested below.
Outdoors
  • Spruce up your garden and lawn; trim shrubbery and replace dead plants.
  • Yard and patio should be neat; outdoor furniture should be clean and in good shape.
  • Manicure your front yard; make sure your driveway and entryway are free of clutter.
Exterior
  • Check to make sure the house numbers, mailbox and exterior lighting are in good condition.
  • Touch-up with fresh paint as needed.
  • Inspect chimney for cracks or earthquake damage.
  • Repair loose trim, drain pipes and fencing.
  • Clean stains and window screens.
Garage
  • Remove clutter and tidy up the shelves.
  • Clean the floor.
Living Areas
  • Apply fresh paint as needed. Think about brightening your interiors with neutral-toned paint.
  • Clean draperies and carpets.
  • Replace burned out light bulbs.
  • Clean the fireplace and remove smoke stains from the wall and mantle.
Kitchen
  • Sinks, appliances and counter tops should sparkle. Remove any clutter.
  • Wax the floor.
  • Clean the oven, range and other appliances.
  • Clean tile and grout; replace if necessary.
Bathrooms
  • Clean mirrors, glass, chrome and porcelain surfaces.
  • Replace shower curtain if necessary.
  • Fix any faucet drips or leaks.
  • Clean grout and caulking; replace if necessary.
Closets
  • Doors and drawers should open and close easily.
  • Remove clutter; tidy up shelves and racks.
  • Shoes and clothes should be neatly arranged.
Overall
  • Check the basics around the house. It takes just a minute to check all doors, windows and cabinets to make sure they don't stick, sqeak or are too loose.
  • Clean your furnace and water heater, so buyers know they are looking at a house that has been well maintained.

"All information in this report is deemed reliable, but not guaranteed."

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