By financen | July 15, 2017 - 2:26 pm - Posted in Real Estate

Transitioning from a home to an apartment isn’t just for those instances when life has took an unexpected turn. There are several other reasons why downsizing is the smart decision, such as when moving to a new area or when you have too much home for your needs. No matter what the reasons, the following tips will help you successfully move from a home to an apartment.

Embrace the Less is More Attitude

Downsizing to a smaller space is a great reason to get rid of the unnecessary stuff that is weighing you down. Go through your items and decide if you really want to keep something, and if you’re not keeping it, decide if you are selling it, donating it, or throwing it away. Getting rid of the clutter can increase the positive feelings in your life.

Purchase Renters Insurance

Renters insurance is usually a necessary part of renting any property. While home owner’s insurance generally protects the structure of the property, your renters insurance will protect what’s inside the apartment. Even if your landlord doesn’t require their tenants to have renters insurance Florida, you should still consider purchasing a policy to protect you and your belongings.

Maintain a Positive Attitude

Moving of any sorts can be a stressful and frustrating time that leaves you feeling overwhelmed. This is made even worse if you’re downsizing due to an unwanted life event, such as job loss. And while it’s easier to let the sadness take over, it’s not the best thing for your life. Maintain a positive attitude, instead, and look at the move as an adventure and you can always change your path in the future.

See it as a Unique Chance

Transitioning from a house to an apartment actually provides you a unique chance that a lot of people don’t get to experience. This act can be seen as a brand new chapter in your life where you get to decide how it is written. Take this chance to do new things, maybe something you have always wanted to try but were too afraid to, and meet no people. You may be pleasantly surprise what it brings to your life.

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By financen | November 7, 2016 - 5:44 pm - Posted in Mortgage, Property, Real Estate

It makes you feel very bad when you realize that your dream property is not as good as you thought for the first time. And more importantly, if you find out later that your home needs several thousand dollars in repairing it some portions, you will feel completely disheartened.

You should get a thorough inspection done before buying a house. Using some common sense while buying a property will help you in avoiding many common mistakes. There are some things that you should be always wary of. Here are a few warning signs that should be kept in mind before you sign the contract.

Problems inside the house : There may be some internal problems inside the house that can be easily identified, such as termites, damp spots, and cracks in the walls and ceilings. But there may be some other major problems that are often not disclosed by the seller. For example, if there is a cracked tile in the bathroom, it will indicate water damage, if there is any mould, it may be due to ventilation problem. If there is any brown areas, it may be due to poor wiring connection. Therefore, it is important to get your house properly inspected before buying it. You must also check out other things like water pressure, sticking windows, pipe and drain leaks, insulation levels, and get pest control done. Write down all these points in your check list and get your house reviewed by a professional.

Buying property

property in real estate market

Problems outside the house : Likewise, there may be some problems outside the house as well and in many cases, the seller does not want to mention these points to the overexcited buyer. One crucial element is orientation. If you are working from home and that area is receiving very less natural light, you may want to reconsider. You can also check out the fuse box, signs of the asbestos, blocked drains, roof damage, garden watering systems, condition and age of nearby trees, and pollution levels. After doing the initial assessment, you can ask a professional to review it thoroughly.

Incomplete documents : There are always chances of your identity getting stolen. If you buy your valuable property without necessary documentation, it will be the most dangerous situation to go through, not only financially, but legally and emotionally as well. Never make such a mistake in your life. You can avoid such situations by hiring a solicitor who can be of great help during your purchase. It is worth spending some money on a solicitor rather than paying for the losses in the later stage due to lack of proper documentation.

Shady property history : Before buying a property, you should always inquire about its details, like when was it first built? What was on the land before the property was built? Why the tenants keep changing. If you get the answers to these questions and are satisfactory at your level, then you can move ahead. But if you are not satisfied, then it is better to pass. Because the seller may be trying to cover the shady past history of the property.

Unprofessional seller : The seller or the real estate agency should be able to answer to your basic questions about the house. If you are not convinced by their answer, you can always shop for the next one. If the property has a bad history, and the seller is trying to hide it, then it is better to leave that one and search for another good property.

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By financen | September 27, 2013 - 6:15 pm - Posted in Real Estate

Finding a good real estate is important, especially for first time home buyers because obtaining your first loan, as well as locating the perfect home that will meet your needs, is a complex process. And trying to sell your property without the aid of a seasoned pro could cost you thousands of dollars in lost profit. First and foremost, you want to find an experienced agent. One way to do this is to go online and search the agent’s MLS (Multiple Listing Service) for the area you are interested in.

Real Estate

Real Estate

Look for an agent that has multiple and professional listings.
Buying and selling real estate has always been competitive, but it is even more so in today’s economy. There are many agents to choose from, and you are most likely to find someone who will work hard for you if you know the right questions to ask.

Once you have narrowed your search to a half dozen agents, prepare a list of pertinent questions to help you choose a qualified agent. If possible, meet the agent in his or her workplace—that is out in the field. There are several ways to do this: go to open houses that the agent is hosting. It doesn’t matter if you are interested in that particular home, you are there to see how the agent “sells” the home and to get a feel for what type of working relationship you might have with the agent. You can also ask friends and neighbors to recommend their agent.

Some important questions to ask a prospective agent include their length of employment as a real estate agent, how many homes they have sold, how many homes they have sold in the previous year, whether or not they work full-time, how much commission they take, and if they have a website. If all answers are satisfactory, take the time to visit the agent’s website before you make a decision. A poorly designed website could mean less exposure for the home you want to sell, or a poor selection of homes to choose from if you are considering buying.

A great website to consult for more tips and information about choosing a real estate agent, is Whatever you do, don’t sign an agreement of any kind until you have thoroughly vetted the agent you have in mind.

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The economic climate of the country is not in a good state; since global recession hit the market the property market started experiencing a downturn. This initiated a lot of problems; and the situation started turning more grave each passing day.

As the recession began rolling in people started losing jobs and failed to pay their mortgage. As a result thousands of homes were repossessed by the lenders and sold at cheap rate at property auctions. Moreover, a lot of homeowners tried to sell house fast to avoid repossession. This pushed property prices down the slope.

Despite of low property price people took a back and refrained from buying properties; there were several reasons behind this, major two reasons were:

  • It was difficult to get mortgage
  • The employment market was still unstable

However, things have started changing. Lenders are offering easy mortgage products. The building societies are also coming up with cheap fixed rate mortgage products. This is definitely a good sign.

Meanwhile cash buyers have come up as a strong force in the property market. Cash buyers are property investors; they buy properties for instant cash. Homeowners who need quick sale find cash buyers as the most useful channel of selling property fast.

Even when estate agents cannot help you sell a house fast, cash property buyers can help you sell the house really quick in a hassle-free way. The process is so simple, that few banks started selling repossessed houses to the cash buyers.

It’s true that property market will not remain gloomy forever. Things will improve and people would regain their buying ability. But cash buyers will always be there to help distressed homeowners sell their houses fast and get rid of financial difficulties.

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By financen | February 25, 2011 - 5:52 am - Posted in Real Estate

Buying a house is a major financial decision that must be viewed from many perspectives to determine if the timing is right, if the investment is prudent, and if the Buyer is financially capable of fulfilling his potentially long-term obligations. Assuming the Buyer is qualified, the investment decision then hinges upon the condition of the market and whether the property under consideration can easily be resold at a profit in a reasonable period of time.

Buying a house is a lifetime dream, but home equity is also an important long-term consideration in anyone’s personal financial plan. For the average American family, the equity in their home represents nearly thirty-three percent of their personal net worth later in life. That asset value will gain in importance as college educations for children come and go and retirement approaches. The long-term resale value for a home depends on a variety of factors, many specific to the individual property under consideration. The time-honored phrase of “location, location, location” drives home this key point, but there are a set of market factors that affect the investment decision that cannot be overlooked as well. Here is a quick review of these items:

• The Economy: If the economy is healthy, then there will be a considerable supply of buyers willing to buy or trade up in the market. Prices typically will rise under these conditions. One of the problems contributing to today’s real estate market sluggishness is that average disposable income has actually declined over the past decade. Home values generally rise in tandem with disposable income. Until this metric improves, demand will continue to be weak and many consumers will not be able to meet their current obligations. However, as the Dollar weakens, foreign investors may abound. For example, the “AUD/USD” and “NZD USD” currency pairs have appreciated nearly 30% over the past five years, such that properties in our market may appear cheap to Australians and New Zealanders;

• Interest Rates: One benefit of a weak economy is the prevalence of low interest rates. Mortgages at reasonable rates can be found for the creditworthy, whether fixed or adjusting. The timing is now for this factor, but as the economy improves, inflation may become an issue. Our central bank will then consider raising rates to quell price appreciation. The impact of higher rates is typically to reduce home values or lower the value of home that a buyer can afford;

• Government Policy: Congress is presently reviewing the budget and determining how to deal with our nation’s massive deficit and public debt. There remain many issues dealing with mortgage-backed securities and assets held on the balance sheets of banks, but consideration is also being given to modifying the interest rate deduction for home mortgages. Changing these rules would make owning a home that much tougher and force many more homes onto the open market for resale;

• Inventory of Homes for Sale: There are close to nine months of homes to be sold on the real estate market today. The “shadow inventory”, those homes that are in or should be in foreclosure by banks, represents another year of homes that could flood the market and cause another severe reduction in present home values. New home starts are the lowest in history, due to lack of demand and construction financing.

Another real estate “selling” season is quickly approaching, and agents and sellers are combining their efforts to achieve success. Buyers should remain cautious. It is still a Buyer’s market, regardless of the urgency that an agent may suggest.

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By financen | September 6, 2008 - 4:03 am - Posted in Real Estate

The real estate market is pretty slow and stable in the last few months but it has definitely caught a lot of attention in the media. While the national markets are making big news, sellers should focus more on local trends.

The nationwide real estate market does not have a major significant role in the real estate industry. It is a discussion by the communities usually based on averages. However, in unique circumstances, the averages are entirely different.

For example, the real estate market in Stockton, California is a complete nightmare. Most of the houses are either in foreclosure or distressed. This has been the worst scenario ever. That being said, does it represent a national trend?

There is nothing in the national trends in the real estate market. This is perhaps the worst real estate market since a long time. The market in Jacksonville is perhaps strong. Sales are happening. Hence they might agree to the national trends.

Every real estate market is a self contained local phenomenon. There is a small market inside every big market. For example, homes in San Diego are worth $500,000 range. There are more expensive homes in the range of $800,000 that are also getting sold and still carrying their value. Basically, homes above that price range are actually making good profits. In other words, we are discussing about two markets in the same geographical area but divided by price.

If you are a homeowner, these examples will teach you a lot of things. National and state trends do not make too much difference. You need to focus more on the market in your neighborhood. See how fast homes near your area are selling. Is the home value rising or dropping down? These are numbers that will help you in understanding the market value in real estate, not what is happening in just one area like Stockton!

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