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How to Find the Best Home in the Market

2020-12-17 Andrea Diaz Home

Many people have discovered the benefits of owning a home, and this has led many to buy homes. The real estate industry is currently doing well with many people selling their homes. Buying a home is something that should not be taken lightly; it is a significant investment and may change your life.

Since buying a home is a crucial decision, many people might have a challenging time choosing an ideal home. The fact that there are many homes on sale does not make the situation easier. Several things will help you make the right decision on a home to purchase. Below are some factors you should consider.

Price

The first thing you should consider when buying a home is the amount of money you are going to spend. When purchasing most items, many people consider the price. It is crucial to state that each person has different financial capabilities, and this is not a bad thing. It would be best if you bought a home that you can afford without struggling to come up with the required money.

Many people tend to take a loan from banks and other institutions when buying a home. The problem with huge loans is that you might end up getting into financial problems in the future.

Choose a home that meets your budget. Though you may be tempted buying a lovely expensive home, you should consider your budget first.

Location

Apart from price, the next thing that you should put into account when choosing a home to buy is the location. Though a home might look good, the location will play a significant role.

You need to make sure you chose a home located in a safe neighbourhood, especially if you have a family. You should also consider a house near establishments like hospitals, leaning institutions and shopping centres. You should also consider the infrastructure.

Model

It would be best if you also considered how a home looks before making a purchase. Homes tend to come in different models. Some have a modern look while others have a vintage look. It all depends on your taste and the things you are looking for in a home.

You should buy a house that you had envisioned in your mind when the idea of purchasing a home was first brought up. Some buy homes and later renovate them to their liking.

To find the best home in the market, you should consider the price, model and location.

SHORT SALE OF YOUR RESIDENCE: IS IT BENEFICIAL TO YOU?

2016-12-12 Andrea Diaz Real Estate

If you are contemplating selling your present home or in the market for a new home, then you must have heard and asked the question, what is a short sale? Short sale, pre-foreclosure or short pays all have one meaning: the seller is in a fix with his or her mortgage and is trying to hatch a deal with a BBB accredited home buyer in the hope of escaping foreclosure.

Getting a good deal

Short sales are getting widely popular in sections of the country where the value of homes has slumped considerably. Short sales can be advantageous to prospective buyers searching for a bargain on their next location to reside, likewise to sellers confronted with the possibility of a foreclosure. Nevertheless, short sales can equally be challenging, thus appreciating how they function is key.

What is a Short Sale?

So, what is a short sale? Selling a residence for a price lower than what the present holder owes the mortgage firm is referred to as a short sale. In this kind of transaction, the lender concedes to take lower than the sum owed on the homeowner’s loan. The deal favors the lender by enabling them to evade reclaiming the residence in foreclosure, which is costly and tedious. Consequently, it favors the seller by enabling him or her to evade the negative credit consequences of foreclosure.

A short sale can be a perfect business deal for a purchaser as well; it can assist the seller to evade taking an absolute foreclosure on his or her credit statement. Though a foreclosure and a short sale adversely impact a seller’s credit score, the taint by a short sale can be reduced if the mortgagee can convince the lender to report the deficit to credit agencies as “paid in full.”

With a pre-foreclosure, sellers evade the tedious process of foreclosure and stave off the foreclosure consequences on their credit scores. In this kind of transaction, the lender and the seller corporate to decide the details of the arrangement, though normally sellers who effectuate a short sale equally escape owing the arrears of the mortgage.

The major benefit of the purchaser is evidently the possibility of shifting into a new home at a reduced price. Furthermore, purchasers may realize that short sales possess an additional advantage over foreclosures, because, unlike a foreclosure, the deal involves minimal risk.

Use a trusted agent

Still wondering what is a short sale? Hope you are answered, but before you close on that deal, whether buying or selling, ensure your agent is a BBB accredited home buyer seasoned with short sales. Due to the sophistication of this kind of agreement, you would never wish to deal with someone unfamiliar with the entire process. As well, ascertain that your agent is ready to collaborate with you on the deal since some brokers won’t like getting involved because of short sale’s poor reputation or due to their previous bad encounters. Not only does short sales earn less a commission, but they also call for more commitment from the agent.

Get a Cash Offer For Your Home

2015-10-12 Andrea Diaz Real Estate

There are many reasons that can force a homeowner to sell his house. The reason might be a bad neighbor, change of location, financial difficulties and the deteriorating condition of the house. Whatever the reason may be if you want to sell your house and to look for a good customer then we are here for your help.

We are in this business for the last couple of years, and all of our
customers have expressed satisfaction with our services. We do not take a long to make the deal and do not bother the owner much for the paperwork. Our team is experienced, and they will handle all these kind of issues. Moreover, we will not inspect your house and will not request you to make some repairing. We will buy your house as it is. And be sure that the price will not be compromised. If required, we are also able to offer you legal help.

If we choose any traditional process for selling your home, you will go through a complex and time-consuming process. You will have to spend the time to show your house to prospective buyers, and if required you might need to some repairing for getting a reasonable price. And also there is no guarantee the deal will be finalized until the closing date. Our procedure is less time consuming and we take maximum one week to finalize the contract. More importantly, we offer the cash option so you will get the money in hand without any hassle.

Why should you choose us?

• We offer cash instead of any other payment option.

• We cover all the expenses, so you do not need to spend any extra money on selling your house

• We buy homes in the “as it is condition” without asking for any repairing service

• We take less time and finish all the procedures within a week

• We do not inspect house and offer a good price as well

So, if you want a good deal then contact us without wasting any time. Our team will reach you and will finalize the deal soon after getting your consent. As mentioned above, if you have any legal complication then let us know. We will help you to sort out this issue. We buy houses in st Louis with cash. If you belong to this area, we can help you in a great way.

Tips on How to Buy a House

2015-01-07 Andrea Diaz Real Estate

Purchasing a house could be quite tough with various points that you should keep in mind in order to get your house without any issues. Below are a few of the essential points you should ensure you have actually completed prior to buying a house.

1. Are you eligible for a home loan? If you are not eligible for a house mortgage, then you run the risk of finding a home that you like just to go to the bank and figure out you cannot get a financing to buy it. Alternatively, you can run into lengthy delays or wind up losing the house to others that have their lending organized and ready! Ensuring that you can get approval for a housing loan is relatively simple, merely go to a financial institution and explain that you are planning to buy a house. Give them an idea of how much you may need for your loan.

2. Have you decided on your budget? If you are buying a house, you must have your financial status in good condition and also the best method to do this is deciding on a budget. You should accurately determine how much you earn currently and also how much you genuinely expect to earn in the future. Deduct all needed expenditures, and the rest is just how much you could use to save for a deposit or making payments on your mortgage in the future. If you don’t budget, you could wind up with major financial problems!

3. Have you done adequate research on the location where you wish to purchase? Numerous house purchasers fall into the catch of refraining from doing adequate research into the area they are planning on buying their house You need not just to check the house but additionally take a look at the community. Troubles such as loud barking, steady loud parties and violence in the community are points you need to keep an eye out for. You could just discover these things by asking the neighbours as well as directly exploring the area.

4. Have you made a plan for how you will negotiate the purchase? So as to get the very best rate for the house you’re purchasing you should have a plan. If you are buying a house from an auction you ought to visit a few other public auctions prior to the real one just to get an idea, and if you are acquiring via a broker you need to speak with those who have bought houses as they will each be able to give some idea on the right strategy.