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Monthly Archives: May 2017

First Time Homebuyers Tricks from Realtors

Finding the Home You Want

Once you have committed yourself to becoming a homeowner, you can expect the process to be a bit chaotic. More than likely, you’ll make a lot of offers and get a great many counter-offers in return. But don’t be intimidated or allow yourself to get frustrated. A professional can walk you through each and every step so that you’re not overwhelmed.

Financing

You will more than likely have a wide range of financing options, even if you don’t have the best credit. You may be able to find a loan backed by the federal government or get financing that doesn’t require the standard 20 percent down payment. In addition, the state you live in may provide special incentives for first-time buyers. Realtors can provide you with easy-to-understand information on all your options so you can feel confident while shopping around.

Making the Offer

Once you have honed in on the house that meets your needs, your real estate agent can help you decide how much you should offer, as well as any conditions you should request before signing on the bottom line. For example, you could ask the seller to pay your closing costs. Your agent will then take your offer to the seller’s agent, who will then either accept your terms or reject them and make a counter-offer. This back-and-forth will continue until you reach a deal or decide to move on to another option.

When you reach an agreement with a seller, you may be asked to put down a good-faith deposit. The transaction will then move into escrow, which is a period of time (about 30 days, typically) that the seller takes the house off the market. He or she will do so with the expectation that you will buy the home – provided that an inspection does not uncover any serious problems.

Tips Find great Building Contractor

If you are struggling to find a good contractor, you can ask for recommendations. Contact friends and relatives who have recently purchased properties. This will surely help you to gather names of some reliable builders.

Your next step should be viewing work samples. Here, we would like to advise you not to opt for the first project of any builder. Always opt for companies or professionals who can show your samples. Looking at the past projects of the person or company you are looking to rely on will give you the confidence required for investing a big sum.

Don’t forget to check certificates and licenses that make a construction a legal construction. You can talk to your lawyer to know what kind of licenses and certificates a real estate contractor must possess. If the contractor fails to show you necessary documents, don’t think twice before discarding him.

Whatever might be the area of the property you are looking to purchase the builder should be able to offer you a fixed price quote. You may be looking to buy a commercial property covering an area of 15000 square feet or a 2BHK apartment covering an area of 1000 square feet, you must get a fixed price quote before completing the registration procedure.

If it’s a residential property, you should know what kind of neighbors you will be having once you start living in the newly purchased apartment. Top real estate contractors always make sure that people buying apartments from them have a good background. So, it’s extremely important that the company you are purchasing the flat from is one of the most trusted builders in the area it is operating in.

Ideal Granny Flat

The name “granny flat” is said to have come from the fact that these structures would be used by families to provide a separate living space for their ageing or disabled parents, so that they could maintain some degree of independence while still remaining within the family property where they can have company, assistance or any help that they would need.

But more and more people are becoming creative with their use of the granny flat; others would use the space as a home office or a place to pursue hobbies, like making crafts or building things in a workshop. Still others fix up the place to so that they can rent it out to individuals or couples looking for an affordable place to live.

Granny flat designs, Sydney experts say, can vary greatly from place to place, depending on their intended purpose. Generally, a granny flat has to be smaller than the original house in the property; some of the minimum requirements include maintaining a property size of 450 square metres, and a maximum size of 60 square metres for the actual granny flat.

Some granny flats come with one or two bedrooms, one bathroom, and an open-plan kitchen and living area. Others can have up to three bedrooms and two bathrooms instead of one, plus high ceilings so that the unit can benefit from more space and light. A porch in front can also be incorporated so that its dwellers can have a place to enjoy the sun and the breeze.

Search For Rental Property

Choose the Location Wisely

The location of the property can determine the rental charges and the kind of neighborhood you will have. This makes it very important to choose your location. Before visiting the areas of interest, check with agents to find out if the area is within your budget range. Renting can be a bit expensive in major cities as compared to less popular cities. It is most advisable that you shortlist at least four areas or suburbs of interest so that you have a suitable choice by the end of making all comparisons. Consider the facilities and transport network too before renting.

Search for Your Ideal Property

When you have targeted areas you wish to rent in, your next step should be to start with the search. Luckily, there are property websites where you can begin your property search from. The best thing about search sites is that they will have comprehensive property listings for you to go through and compare to make a choice. Most have detailed information about the properties, hence making it very easy for you to decide and remain within your budget range. When renting, for instance, you will easily narrow the search with the city as your keyword search.

Understand Your Rental Agreement

The contract will differ from one property agent or owner to the other. It is however very important that you take the time to read through the agreement to make sure that you agree with every clause that is included in it. When dealing with a lease, you might be required to pay a month’s rent and bond which acts as a security deposit against damages on property or unpaid bills. It is also important to find out about payment methods to make sure they suit your preferences.