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If you are buying or selling a home, then you may have come into contact with some real estate lingo that isn’t familiar to you. In fact, some of these terms may not only be unfamiliar, they may also be downright confusing. But as someone who is entering into the real estate market, it is essential that you understand the language. Here are some of the most common terms you’ll encounter when buying or selling a home as well as their definitions.

Buyer’s Agent

As the term suggests, the buyer’s agent is the real estate professional who is representing the buyer during a home purchase. A buyer’s agent is responsible for helping buyers find homes to visit and assisting during the entire closing process. The seller typically pays the commission for the buyer’s agent.

Listing Agent

A listing agent is the real estate professional who is representing the seller in a real estate transaction. They help the seller prep their home for the market and assist with the closing process. The seller also pays the commission for the listing agent.

Pre-approval letter

If you are a buyer, then you need to get pre-approved for a mortgage. This will help you determine how much you can afford and will signal to a seller that your offer is serious. When you obtain a pre-approval from a lender, they will provide you with a letter that you can submit with your offer.

Earnest money

Earnest money is the money that the buyer pays to the seller when an offer has been accepted on a home. It is usually between one and three percent of the purchase price. Earnest money helps to protect the seller should the buyer walk away from the deal. When the deal is closed, the earnest money is usually applied to the down payment.

Escrow

When a home is “in escrow” it means that it is under contract and a third party is watching over the entire transaction. The escrow agent is responsible for holding all money, documents, and instructions until closing. During closing they disburse all money and supervise the transfer of the deed.

Inspection

An inspection is part of the closing process. The buyer schedules the inspection, and a home inspector prepares a report stating the condition of the property and recommended repairs. This allows buyers to determine if they want to move forward with the purchase or negotiate with the seller because of issues that need to be addressed.

Appraisal

An appraisal also happens during the closing process. An appraiser is a third party hired by the lender who assesses the value of a home. This helps the lender to determine whether or not the home is worth the amount of the loan being offered.

Closing

The closing is the point at which the sale of the home is finalized. A closing date is set that allows the buyer to conduct their inspection and the lender to perform the underwriting process including the appraisal. During the closing, both the buyer and the seller sign all the final paperwork and the buyer receives the keys to the house.

Courtesy of Virtual Results

As much as we’d like to have picture-perfect weather on Open House day, Mother Nature doesn’t always cooperate. If rain is in the forecast, then you may be tempted to reschedule your Open House for another day. But don’t throw in the towel so fast. There will always be people on the hunt for their next home, and a little bad weather won’t deter many of them. In fact, you can bet that those who do show up are serious buyers and not just there to browse. Here’s what you should do to have a successful rainy day open house.

Prepare for umbrellas

If it’s raining outside, then you should be prepared to deal with wet umbrellas. Park a basket outside your door if you have a covered patio or just inside the door if you don’t. Then buyers can leave their wet umbrellas at the door so they don’t get water everywhere inside the house. In addition, if you’d like buyers to see your outdoor area, then have a few extra umbrellas on hand. That way, they can grab one of your umbrellas and have a look around outside without getting too wet.

Have plenty of mats and rugs

You don’t want anyone getting your perfectly clean floors dirty, so be sure to have some mats and rugs on hand. Station one outside and one inside the front door so that people can wipe their feet before they enter. You might even consider asking visitors to remove their shoes before touring the house. Another option is to provide disposable shoe covers in case some people are not comfortable removing their shoes. You can also place mats along all the walkways in the house to keep dirt to a minimum. This shows buyers that you care about the cleanliness of the house and that they can expect the house to be clean when they move in.

Keep the lights on

Rainy days can be deceptively dark, even in the middle of summer. Don’t be afraid to turn on all the lights inside. This will make the house feel cozy and inviting, which is especially important if it’s dark and wet outside. You should turn on all the outdoor lights as well.

Cheer it up

In addition to keeping all the lights on, you can fill your home with fresh flowers. On a rainy day, fresh flowers are a welcome touch and make your home feel cheerful. Limit the flowers to one or two big vases, which will have much more visual impact than several small vases. If possible, buy flowers that have a light fragrance, especially if the rain brings with it a musty smell.

When to call it off

If the forecast calls for more than just a little rain, then it might be time to call off the open house. You should consider rescheduling if dangerous weather is predicted, such as hurricanes or tornadoes, or if flooding is possible. You don’t want to find out during the open house that your basement floods when there is excessive rain, or that water pools in a low spot in the yard. When in doubt, postpone your home showing for a better day.

Compliments of Virtual Results

If you’ve never purchased a home before, then you may be wondering exactly how long the process takes. Although every situation is unique, there are certain average timelines for each phase of the home-buying process. But if you consider to Purchase a relocatable home in Auckland, it won’t take that long.

Here’s how long you can expect it to take when you’re buying a house so that you can plan accordingly.

Getting ready to buy a home – six months

Buying a house is typically not something you can just jump into. If you want to get the best deal on the home that’s just right for you, then you need to spend some time preparing. The more time you can spend getting ready before you begin your search, the better. One of the things you’ll need to do when you’re getting ready to buy a home is to get pre-approved for a mortgage.

This includes shopping around for the best deal and getting all your financial documents in order. Though the idea of purchasing Thunder Bay houses may sound great, it’s always better to look into your financial condition before making any big decisions. You may also need time to improve your credit score or fix errors on your credit report. You should also include the time it will take to save for the down payment on the house. Expect this phase of the process to take as long as six months.

Searching for a home – at least three weeks

Once you’ve secured your down payment and gotten pre-approved for a mortgage, it’s time to begin your search. You can begin online to find out what’s available in your market. A real estate agent can also help you find properties like waterfront homes for sale that fit your criteria. Also have a look at some areas of Spain as there are some amazing places to live there, this explains why buying property in Alhurain EL Grande is so popular and why so many folks are flocking to areas like that. Once you’ve found some homes you want to see in person, it’s time to schedule visits.

Looking for an excellent place to move into? Marina View Residences is near to shopping and lifestyle destinations including China Square, Esplanade Mall, Funan Digitalife, The Central, and People’s Park Centre are right at the corner.

On average, most buyers need to see at least 10 homes before they find a home they like. This part of the process can take shorter or longer depending on your needs, the amount of inventory in your market, and how available you are for home showings. But you can expect this part of the process to take at least three weeks and up to several months.

Closing on a home

Once you’ve found a home you like, it’s time to make an offer. If the seller accepts your offer, then the process of closing on the home begins. There are many steps involved when closing on a home. If you are financing the purchase of the home with a mortgage, then the process will take longer than if you are paying cash. During this time, you will need to schedule a home inspection, and you’ll be submitting many documents. At times you will feel like there is too much to do in a short amount of time. At other points during this part of the process, it will feel as if nothing is happening. On average, you can expect the closing process to take approximately 50 days from when you make the offer until you obtain the keys to the house.

While this is a general guideline to give you a sense of how long your home-buying journey will take, understand that it could be different for you. You can help the sale move along by knowing what to expect, staying organized, and working with an agent who is an expert in your market.

Compliments of Virtual Results

We are entering into the dog days of summer and cities across America are feeling the heat. It also happens to be the time of year when many people are moving into new homes. While summer is the most popular time to move, it can also be physically demanding — especially if there’s a heat wave. If you’re getting ready to move and the weather reports are forecasting soaring temperatures, then follow these important tips.

Start early

One of the best ways to beat the summer heat when you’re moving is to get an early start. Try to schedule your move as early in the morning as possible. Once the clock hits 11 a.m., temperatures will be at their peak and they will stay there for several hours.

Take it slow

Hot summer days are not the best times to be working hard and fast. Although you want to get the move over with as soon as possible, you need to take it slow. Allow for extra time so that you don’t have to rush. Take breaks often – you will need them. Keep an eye on older folks who may react more strongly to the heat.

Stay hydrated

Nothing will sap your energy faster on a hot day than being dehydrated. Make sure to drink plenty of water in the days leading up to your move. On the day of the move, always have cold water at the ready, and take frequent water breaks. Avoid drinking beverages with caffeine or sugar as they can make you more dehydrated. Also, you may want to install a home water treatment system in your new home to ensure you’ll have access to clean and safe drinking water.

Wear the right clothes

On the day of your move, dress in light clothing that is made of a breathable fabric like cotton or linen, if you decide to do some exercies then you can try wearing something like black fine ribbed biker shorts. Try to avoid synthetic fabrics like polyester or rayon, as they don’t breathe. Choose light colors that will reflect the heat as dark colors will absorb heat and make you hotter. And don’t forget to wear sunglasses and a hat. You can also check out these Peaches Boutique short dress for prom if you find a full-length gown too fussy.

Wear sunscreen

Along with wearing the right clothing, you need to also protect your skin from the sun. Make sure to completely cover any exposed skin with sunscreen. Reapply the sunscreen often. Let’s face it – you’re going to be sweating. Choose a sunscreen that has an SPF of at least 30, and apply it before you head outside.

Be careful with certain items

The items that you load into the truck first are going to be in there the longest. Be aware that the inside of the moving truck can get very hot in the summer sun. Don’t pack sensitive items such as electronics or anything that could melt at the beginning of the day.

Use cold towels

Another great way to beat the heat is to have cold towels on hand. Fill a cooler with ice and pack it with washcloths and small towels. Whenever you need some relief, grab a cold towel for around your neck.

Know the signs of trouble

Overdoing it in the summer heat can cause health problems, so know what the symptoms are for heat exhaustion or heat stroke. If you are feeling dizzy, weak, nauseated, or confused, take a break. Lie down and take a cold shower if needed.

Compliments of Virtual Results

If you’re the kind of person who loves a good deal, then there’s no reason you can’t get a good deal on a home. Although you won’t be clipping coupons to save on that home purchase, there are ways you can save big. Here are some of the best tips we’ve found to score the best deal on a new home.

Shop around for a mortgage

As with any big purchase, you should shop around for a home loan to make sure you’re getting the best deal. You should ideally start shopping for a mortgage between three and six months before you begin house hunting. Compare the rates of different lenders. By choosing the right mortgage, you could potentially save thousands of dollars over the life of the loan.

Buy a fixer-upper

When you’re house hunting, you may find listings that describe a home as a “fixer-upper” or one that is being sold “as-is.” If you’re hoping for a bargain, these homes are often the places to find them. Although you will need to put money and time into the repairs to make the home livable, you will undoubtedly get a big break on the purchase price.

Look for homes with price reductions

In addition to finding fixer-uppers, you may also come across “price reduced” listings. These are homes that have been on the market for a long period of time. The longer a home languishes on the market, the harder it can be to sell. It’s possible the seller may be willing to cut you an even better deal than the reduced listing price.

Ask the seller to pay closing costs

Some sellers may not be open to negotiating on the price of the house. But that doesn’t mean you can’t find ways to save money on the deal. In some cases, sellers don’t want their home sale to be less successful than a neighbor’s sale. They don’t want the public numbers to be less than their asking price. But you may be able to negotiate with them to pay the closing costs instead. These numbers aren’t as public, and can save you a few thousand dollars.

Offer to pay all cash

If you have the means to pay for the home with cash, then you have a great bargaining chip. All-cash offers are very appealing to sellers because they don’t have to worry about the sale falling through because of a mortgage denial or an appraisal issue. Cash offers can close faster as well, which could entice the seller to give you a break on the purchase price.

Work with the best agent

Finally, the best way to get a great deal on a new home is to find a good real estate agent. Working with an experienced agent who is an expert in your market will help to ensure that you get the best price on your home. They will have experience negotiating the best deal, which could save you money on the purchase price or on closing costs. Get recommendations from family and friends, and interview several agents before making your decision.

Compliments of Virtual Results

As a first-time homeowner, you may not know exactly how to care for that green lawn surrounding your new home. Even long-time homeowners can be a bit mystified by the process. Though it seems easy – you just turn on the sprinkler – when and how much you water your lawn can have a big effect on its overall health. According to lawn care company servicing Wellington, FL, Here is what you need to know about watering your lawn so it looks great all summer long.

Why you should to water your lawn

Although it may seem like watering your lawn is unnecessary, it’s actual quite important. When your lawn doesn’t get enough water, it grows shallow roots. In order to have healthy grass, it needs to have deep roots. Deeper roots make it easier for your lawn to withstand periods of drought or intense heat. When your lawn isn’t getting any water at all, it can turn brown. The ground will dry out and become hard. This makes it more difficult for it to absorb moisture when it does get watered. At this point, you will likely need to reseed the lawn or replace patches of grass.

When you should water your lawn

Many people aren’t aware that there are certain times of the day when it is most beneficial to water your lawn. The best time of the day to water your lawn is in the early morning. This allows the water to absorb before it evaporates. Watering during the hottest parts of the day will cause the water to evaporate before it penetrates the lawn. And watering at night can cause the moisture to linger on the grass for too long, which can cause disease. It is best to water your lawn 2 – 3 times a week instead of every day. Watering for longer periods of time allows the water to penetrate deeply, instead of watering for shorter periods of time every day. The more deeply the water penetrates, the deeper the roots will grow.

How much you should water your lawn

You want to water enough so that your lawn gets between one and one-and-a-half inches of water per week. If you are unsure how much water your lawn is getting, install a rain gauge. This will also help you to determine if you’ve gotten enough rainfall so that you don’t need to water. Another good test to know if you’re giving your lawn enough water is by pushing a screwdriver into the ground. If you cannot push it in at least six inches, your lawn is not getting enough water.

Watering with sprinklers

If your home has installed sprinklers, then much of the work is done for you. However, you will need to determine how long to run them. Use a rain gauge or even empty tuna cans spread around your lawn and let the sprinklers run for 15 minutes. Once you’ve finished watering, measure how much is in each can to see if you need to run the sprinklers for a longer period of time. If you need help with sprinkler repairs, make sure to contact a sprinkler repair specialist for expert help.

Watering by hand

If you don’t have installed sprinklers, you can water with a rotating sprinkler attached to your hose. In addition, if your hose isn’t long enough when watering plants, you may connect another one using a Layflat Hose Coupler. Again, gauge how much water is being delivered to make sure you’re giving your lawn enough water. Move the sprinkler around the lawn to ensure even distribution. You may need to allow extra time for particularly sunny and dry areas of your yard.

Compliments of Virtual Results

You’re ready to sell. You’ve de-cluttered, de-personalized, and made all the necessary repairs to your home. You’ve repainted and staged each room to appeal to potential buyers. But what do you do in the moments before a buyer is scheduled to show up? Here’s the rundown of all those little home-staging tasks you should address at the last minute.

Make your bed

No buyer wants to see an unmade bed. Before showing the house, make your bed. Better yet, make the bed first thing in the morning when you get up. Then you won’t have to worry about it later in the day.

Open the curtains

You want your home to have as much natural light as possible during the showing. Take a quick run through the house and make sure all the curtains, plantation shutters, and shades are open. If you still do not have shutters you can visit roller shutters Melbourne.

Turn on all the lights

In addition to opening all the curtains, make sure the lights are on in every room. This includes overhead lights as well as table and floor lamps.

Wipe down counters

Your kitchen counters and sink should be sparkling clean when buyers arrive. Take a moment to wipe down all these surfaces. Get in the habit of doing dishes the night before so you don’t have to worry about it in the morning.

Take out the garbage

Bad odors make bad first impressions. Make it a practice to take out your garbage every day when your home is on the market. And don’t smoke inside!

Check the bathrooms

Make sure all the bathrooms are tidy and the sinks and counters are wiped down. Close toilet seat lids. One way to make sure the bathrooms are always ready is to shower at night.

Check the pet areas

Pet odors can derail your home showing. Check your pet areas regularly to make sure they are clean and odor-free. Empty the kitty litter at least once a day and vacuum or sweep up pet hair. Keep disinfecting wipes handy to knock out pet odors.

Close closet doors

Yes, buyers will want to look inside your closets. But you should keep all closet doors closed. Even if your closet is clean and organized, it still creates visual clutter. Keeping the doors closed will help to ensure that the buyer has a positive first impression of the room.

Clean up toys

If you have children, then you’re going to need a system for dealing with their toys and games when you’re selling. Keep a basket handy to toss everything into in a hurry.

Tidy up outside

Check to make sure your porch or patio is neat and that the walkway is clear. Make sure coats and shoes are tidy next to the front and back doors.

Adjust the temperature

Check the thermostat and set to an optimal temperature – nothing too hot or too cold. You don’t want buyers rushing through your house because they are uncomfortable.

Stay prepared

When your home is on the market, you should start every day knowing that you could get a last-minute showing. Stay ahead of the game by being prepared. By keeping on top of the small tasks outlined above, you can save precious minutes when a buyer is on their way over. It’s also a great way to be less stressed during an already stressful process.

Compliments of Virtual Results

Have you been thinking about buying a condo? Condos like Dunman Grand Condo are a very popular type of housing in today’s market, and you’ve probably seen several listings of luxury Condo units if you’ve been house hunting. While condo living is a great choice for many people, you should consider whether or not it’s the right choice for you. Here’s what you need to know about condo life in order to make that decision.

What is a condo?

First of all, let’s define what a condo actually is. In some ways, condos are like apartments. They are both homes within a larger community, except in the case of condos you actually own the home as a private residence. In most condos, you share amenities with your neighbors, such as a pool, fitness center, and the grounds. And unlike apartments, in a condo you pay monthly fees to maintain these amenities. Amo Residences will soon be the limelight of Outer Central Region (OCR) in Singapore. Also, another condo in Singapore, The Continuum is developed by well-established developers: Hoi Hup Realty and Sunway Development are behind it. Try to see these properties for yourself!

Benefits of owning a condo

Like anything in life, owning a condo has its pros and cons. Here are some of the benefits you can expect when you live in a condo:

• Less maintenance – When you own a condo or live in luxury apartments, someone else handles the maintenance. This can include taking care of the lawn, removing snow, and making repairs in community spaces. Be aware, however, that you will be responsible for repairs inside your own home in most cases.
• Amenities – Owning a condo often means having access to amenities that you may not be able to afford in a single-family home. Some of the amenities your condo community may have include a pool, gym, media room, or party room. Many condo communities also offer classes and social clubs.
• Security – Condo communities often offer extra security you wouldn’t get in a single-family home, such as a gated entrance that is secured by design and on-site security staff. It can also be reassuring to know that there are security services close by in case of an emergency.
• Location – Condos are often built in prime locations, close to public transportation, restaurants, bars, shopping, and cultural attractions. The Hill @One-North Condo residents will appreciate the easy access will appreciate the close proximity The Star Vista and Rochester Mall and will be able walk to Cold Storage , as well as a range of eateries.
• Affordability – In most areas, condos are more affordable than single-family homes. This can be great for first-time homeowners or those looking to downsize. If you’re looking for a full service condo rental, consider Saida Towers South Padre.

Disadvantages of owning a condo

While there are many upsides of living the condo life, there are also downsides to consider. These include:

• Lack of privacy – If you are someone who enjoys privacy, then condo living may not be for you. Because of the shared living spaces and close proximity of neighbors, you will often be interacting with other people.
• Fees – Even when you pay off the mortgage for the condo, you will still be on the hook for monthly maintenance fees. These can often range from $100 – $700 per month, depending on your location and the amenities in your community.
• Rules – If you like to do things your own way, then you may not enjoy living in a condo. When you live in a condo community, you are required to follow certain rules and regulations. If you want to make upgrades to your condo, you will likely need permission from the HOA. There may be restrictions on the number and size of pets you can own as well as how many guests you may have.
• Slower appreciation – Finally, if you think of your condo as an investment, be aware that condos are often slower to gain in value than single-family homes.

Downsizing sounds like a great way to save money, right? A smaller house should mean smaller expenses, but that isn’t always the case. In fact, sometimes downsizing can actually cost you money. Here are some of the hidden costs you should take into account when you’re deciding whether or not to downsize.

Cost of repairs

Have you kept up on maintenance in your current home? If not, you may be on the hook for some expensive repairs when it comes time to sell. If you want to sell your current home for top dollar, you’ll need to get it in great shape before you put it on the market. This could mean anything from replacing your roof with the help of a roofing contractor or fixing your furnace to making cosmetic upgrades. Many homebuyers are looking for properties that are move-in ready. If you last made renovations during the Reagan administration, then it may be necessary to spend money to get your home up to speed.

Cost of moving

If you haven’t moved in a long time, then you may be surprised by how expensive it can be. According to moving.com, the average cost of a local move is $1,250 while a long-distance move will cost you $4,980. If you don’t have that money set aside, you may find yourself scrambling to get the job done. In order to save money, shop around for the best price. Get quotes from several companies and research them to make sure they have a good reputation. Don’t move during peak summer season, or at the beginning or the end of the month. If possible, pack your own boxes.

Cost of a new location

Chances are that if you’re downsizing, you’re probably moving to a more desirable location. For many, this means moving to a place with lots of sunshine, low crime, and plenty of amenities. Of course, these kinds of locations usually come with higher price tags. You can expect to pay more for a home. You’ll probably also pay more for things like gas, groceries, and eating out.

Cost of new furniture

Downsizing often means that your old furniture just won’t work in your new, smaller space. That king-sized bed may not fit in your new bedroom, and the dining table that seats 10 probably won’t work in an eat-in kitchen. For many people, this means buying new furniture to fit your new situation. Be aware that it can be tough to sell your current furniture for a good price. Many younger adults are opting for minimalist lifestyles that don’t pair well with large, heavy pieces of furniture.

Cost of services

Finally, you should also consider the cost of services in your new location. If you’re moving into a condo or planned community, you’ll be paying HOA and maintenance fees for the upkeep of community spaces like swimming pools and fitness centers. If you’re moving to place where you’ll care for your outdoor spaces yourself, you may need to hire a lawn care or snow removal service. Take into consideration both your current and future needs when determining how much you’ll be spending on services in your new home.

Compliments of Virtual Results

Creating privacy is often a priority for many homeowners. Installing a fence is a common option for creating privacy, but it isn’t right in every circumstance. For those looking to create privacy without putting up a fence, growing a privacy hedge could be the best solution. Here’s what you need to know to create a beautiful living fence that will provide the privacy you’re looking for and last for years to come.

Benefits of a privacy hedge

Growing a living fence has many benefits, including:

• Obstructing an unpleasant view and creating a more beautiful one.
• Providing a barrier for noise.
• Providing privacy from neighbors.
• Protecting against wind.
• Combating road pollution.

Choose plant type

When growing a privacy hedge, you need to determine what kind of plant will best suit your needs. You basically have two choices:

• Deciduous – A deciduous hedge will lose its leaves in winter, which will provide less privacy. However, deciduous hedges will often produce beautiful flowers in spring and summer and attractive fall foliage.
• Evergreen – An evergreen hedge will provide privacy throughout the entire year, but it won’t provide the same amount of visual interest in spring, summer, and fall that a deciduous hedge will.

Understand space requirements

Not all hedges can be grown in all spaces. In order to choose the best type of privacy hedge for your property, determine how much space you have. How tall can the hedge grow, and do you want it to provide privacy on a second story? How wide is the space you have? If you don’t have much width, you will need to choose narrow, compact hedges that won’t overgrow the space. Good choices for narrow spaces include boxwood and arborvitae.

Mark the area

Once you’ve determined what to plant based on your needs, it’s time to mark the planting area. Use sticks to mark each end of the area and tie a string between them. This will help to ensure that you are planting the hedge straight. Determine how far apart each plant needs to be, and tie sprinkler flags at each point along the string.

Planting the hedge

Once you’ve marked the planting area, you will dig a trench for your hedge. The trench should be two-to-three times wider than the root ball of the largest plant. The depth of the trench should be two inches less than the depth of the largest root ball. Place one plant at each sprinkler flag. Mix the soil you’ve dug out of the trench with compost in a two-to-one ratio, and fill the trench back up level with the surrounding area. Create a dam around each plant that is slightly wider than the root ball and thoroughly water the plant. Make sure to water the plant once a week until it is firmly established.

Training the hedge

In order to create a full and lush hedge, you will need to train the shrubs or trees you’ve planted. Give the plants one or two seasons to establish themselves. Then, each year cut new shoots to half their length.

Compliments of Virtual Results