Raynor Profile and Articles
1). Who Is Responsible For Closing Costs
Buying or selling a home is a euphoric experience for both of the parties involved. This euphoria can cool when you learn which party is responsible for the closing costs.
Who Is Responsible For Closing Costs
When looking to buy or sell a home, every person eventually arrives at the question of funding closing costs on the transaction. To put it simply, both buyers and sellers typically are responsible for some of the closing costs.
2). An Overview of a Quit Claim Deed
The deed to a property is a legal document that establishes ownership. There are different types of deeds. Here is an overview of a quit claim deed.
An Overview of a Quit Claim Deed
Quit claim deeds are a form of deed used in the transfer or sale of property when a grantor, a person who owns an interest in the property, is essentially allowing the transfer of that property to another person.
3). What Is the Best Color For Selling A Home?
Love at first sight is a concept that applies to the real estate market. So, what is the best house color to sell your home to a love struck buyer?
What Is the Best Color For Selling A Home?
When you go to social events, do you make an effort to snazzy yourself up? Of course you do. The simply fact is attraction is a key factor in forming relationships and the same applies to your house.
4). Meaning of Catch Phrases in Ads For Homes
If you are buying or selling a home, the chances are good you struggle with the meaning of descriptive real estate terms. Here’s the first in a series of articles explaining them.
The Wise Seller
Be very truthful if you are a seller advertising your home. Mention your home’s best features, but do not exaggerate. If someone comes to look at your home and feels disappointed, they are not apt to buy.
5). FSBO Sellers - Real Estate Signage
Real estate signage is part and parcel of the FSBO sales process. That being said, you have to know how to use them to get the biggest bang for your buck.
FSBO Sellers - Real Estate Signage
When it comes to selling real estate, it is important to understand that the number one thing that leads to a sale is not snappy advertisements, professional help and so on.
6). Understanding Mello-Roos When Considering a Purchase
Part of the process of evaluating the decision to make an offer on a home in a newer development is understanding the costs. Mello-Roos are one issue that is popping up more and more.
Understanding Mello-Roos When Considering a Purchase
The process of real estate development has become a much more complex one in many parts of the country. The idea of buying some land and building a few homes is a bit naïve these days.
7). Considering Paint Colors When Preparing Your Property for Sale
It is undisputed that the decision to purchase real estate is very much an emotional one. To spike the emotional interest, you need to consider the paint schemes of your property.
Considering Paint Colors When Preparing Your Property for Sale
A very odd thing seems to happen to people when they decide to sell their home. They immediately start doing all the improvements they meant to do all those years, but never got around to.
8). Unique Down Payment Strategy
Coming up with a down payment for a home can be a lengthy process. Most people do not realize they can use a unique down payment strategy to free up cash.
Unique Down Payment Strategy
Making a down payment on a house purchase can be a breeze or incredibly challenging depending on the type of loan you are pursuing. Depending on your credit and available loan programs, you might be able to get away with a no down payment loan, three percent, ten percent, twenty percent or twenty five percent.
9). Listing Your Property With To High of a Price
The biggest issue many homeowners face when listing their house for sale is the price. You want to get the most you can, but be careful when it comes to pricing it to high.
Listing Your Property With To High of a Price
For no particular reason, you have picked up the itch to sell your house. Maybe there are developments in your area that have caused massive appreciation and you simply want to cash out while the going is good.
10). Increase You Home Value With Bathroom Improvements
Many home owners look for ways to add value to their homes through improvements. One of the best ways is to have a go at your bathrooms.
The Almighty Bathroom
Today’s bathrooms are wonderful. Showers that “rain” on you, warm air hydrotherapy bathtubs, sinks that look like water worn boulders. You can pamper yourself now and smile on your way to the bank when you sell because homes with good kitchens and bathrooms are in demand.
11). An Overview of the Escrow Account
Whether buying or selling real estate, you will inevitably deal with an escrow account. If you are not familiar with an escrow account, here is an overview.
An Overview of the Escrow Account
A real estate transaction is a high dollar transaction. In fact, you will probably never make a bigger one in your life regardless of whether you are buying or selling.
12). Carefully Consider the Real Cost of that Fixer Upper
If you watch television, you have seen the shows that turn dumps into pristine dream homes. Fixer uppers can return good profits, but be careful when calculating repair costs.
Carefully Consider the Real Cost of that Fixer Upper
Flip it! Ah, the American Dream to the road to riches. The goal is to find a decent to nice neighborhood with one home that can charitably be considered to have a lot of “character.
13). Selling Your Property On The Internet
Should you sell your property on the internet? This is a common question with an equally common answer – YOU MUST!
Selling Your Property On The Internet
For those looking to sell a property themselves, many ask themselves whether or not they should sell on the internet. Well, the simple answer is, if you don’t list it on the internet then you are only hurting yourself.
14). Avoiding the Over Improved Home
Purchase real estate, make improvements to it and then sell for a tidy profit. That is how we are all told we can make a bundle in real estate, but it can lead to problems.
Avoiding the Over Improved Home
There are two basic rules in real estate. The first is you should buy in the right location. The second is do not buy the best house on the block.
15). Weeding Out Buyers with Financial Excuses
Selling a home can quickly become frustrating when buyers claim financial delays. Here is how to eliminate these excuses up front.
Weeding Out Buyers with Financial Excuses
If you have ever put your house on the market, you know the frustration potential buyers can cause you. It is fairly shocking how many people will come to an open house or ask for a private viewing, yet have no intention of buying the home.
16). The Lesson of the Real Estate Rapist Conviction
The recent conviction of Oliver Hooper, the real estate rapist, presents a grim and important lesson for homeowners. In your urge to sell your home, do not throw common sense out the window.
The Lesson of the Real Estate Rapist Conviction
The story of Oliver Hooper offers a lesson for all people selling there homes. Called the real estate rapist, Hooper was a traveling salesman.
17). Getting The Word Out About Your Open House
When selling your home, you have to get the word out to buyers in the area. The Internet is a great method for doing that, but traditional methods are really the way to go.
Getting The Word Out About Your Open House
Part of the selling process for a home is conducting open houses. Many sellers cringe at the idea, but having an open house viewing is vital.
18). The Difference Between Appraisals and Assessments
Many people think appraisals and assessments are the same thing or at least that they should be for the same amount. The truth is they can vary greatly. Let’s look at each of them.
An appraisal is an estimate of market value. An appraiser can use many methods for coming up with this estimate. For income producing property, the appraiser may capitalize the value of the income stream.
19). Should You Pursue Lease Options To Purchase a Home
The real estate market is a place where people can get very creative. This brings us to the rent with option to buy programs you see on the market.
Should You Pursue Lease Options To Purchase a Home
Leasing is a fairly popular form of living arrangement since it basically involves renting over a pre-set period of time, usually 3, 6, or 12 months at a time.
20). Making A Good First Impression When Selling Your Home
The decision to buy a home is often dependent upon the first impression of the buyer. This means your home must be spiffed out so buyers will make the emotional attachement.
Making A Good First Impression When Selling Your Home
Imagine you have always wanted to work in a particular job for a particular company. After years of education, you have finally received an interview for the position.
21). How Do YOu Sell An Expensive Home?
You’ve lived in your house for years and taken pride in with numerous improvements. Now it is overvalued and you’re wondering, "How do I sell an expensive house?"
How Do YOu Sell An Expensive Home?
When discussing how to sell an expensive house, there are two scenarios in which the issue comes up. The first is you have a home in an expensive neighborhood, but one which you’re asking for a price comparable to similar homes around you.
22). Thoughts on the Future of the Real Estate Market
You hear it everywhere. The baby boomers are starting to retire. The stock market and real estate market will suffer as money is pulled out. This hardly seems true for real estate.
Thoughts on the Future of the Real Estate Market
Baby boomers are those individuals born during the period from roughly 1945 to 1964. Following World War II, peace and economic prosperity occurred for roughly twenty years.
23). Closing Costs When Purchasing A Home
Buying a home is a financial strain if you are making a sizeable down payment. This can lead to problems if you forget the hard, cold cash you will need for closing.
Closing Costs When Purchasing A Home
Everybody looking to purchase a home no doubt wonders what the average closing costs will be. It is only natural to wonder, especially considering how expensive the closing costs can truly be if you are not careful.
24). Lenders Do Not Really Trust You
Whether you are selling or buying a home, you should always go through an escrow period. Part of the process involves the establishment of a lender account since they do not trust you.
Lenders Do Not Really Trust You
Escrow is not a process that is used only in real estate transactions. It is often used in business transactions to create a safety zone for the transfer of something, often business secrets or intellectual property.
25). Is FSBO For You?
Selling your home yourself can save you thousands of dollars in commissions. However, that doesn’t mean you should necessarily do it for the following reasons:
Selling your home yourself is demanding. What if you spend enormous amounts of time, energy, and concentration in your business or profession? What if you have to travel a.
26). For Sale By Owner Purchase Contracts
Deciding to sell your home will save you thousands of dollars in realtor commissions. In exchange, you need to understand subjects such as a purchase contract.
For Sale By Owner Purchase Contracts
Once you have decided to sell your home without going through a real estate agent, you need to take some time to develop an understanding of the process and necessary documents.
27). Checklist for Preparing Your Home to Be Listed
Once you decide to sell your property, you need to realize it evolves from your residence into a product. Before listing it, here are some tips on sprucing up your product.
Property Checklist for Preparing Your Home to Be Listed
Most sellers make the mistake of assuming the way they live in a home is a good atmosphere in which to conduct a sale. It is not.
28). Looking At Geography Can Lead To Real Estate Buying Opportunities
When a person decides they are ready to buy a home, they tend to start looking for the most they can afford in the best possible neighborhood. Alas, there is another approach.
Looking At Geography Can Lead To Real Estate Buying Opportunities
Geography is the study of the features of the Earth and the distribution of life across it. Did you catch that last part? While geography may not be the most exciting of subjects, it can be a very important part of the real estate buying process, particularly if you think long-term.
29). Owning The Home That Just Won't Sell
The real estate market is hopping and houses in your neighborhood are selling like hotcakes. You, however, are stuck owning the house that won’t sell.
Owning The House That Won’t Sell
We first need to get some common anxiety issues out of the way. There is no curse on your house. Real estate agents are not conspiring against you. Home buyers are not tasteless idiots.
30). Appraisals - Plan for It
A critical part of selling a home is the appraisal. Here’s how to plan for it.
You have a contract to sell your home and now the appraiser is coming. The appraisal needs to come in at a good price in order for your buyer to get his loan. What should you do?
The Appraiser Says
Appraisers typically tell people not to do anything special before they come.
31). Improving Bathrooms In Your Home
One of the best ways to increase the value of your home is to improve the bathrooms. Here’s a primer on things to consider.
Villeroy and Boch makes a sink that mimics a boulder worn into a bowl by water flowing into it. It can be quite handsome in a minimalist home or a rustic one. You can see it and others at villeroy-boch.com.
Concrete Jungle makes some dramatically simple concrete sinks and vanities that surprisingly look very modern, or very farm-house.
32). For Sale By Owner and the Web
Unless you have been living under a rock, you know the Internet has radically changed society. In real estate, this has led to a massive surge in for sale by owner properties on the web.
For Sale By Owner and the Web
In the past, choosing to go the path of “For Sale By Owner” could turn out to be incredibly difficult and overbearing. Realtors dominated the market because they had proprietary access to the multiple listing service, known as MLS, and you had to be listed in it if you wanted your property to be seen.
33). Overcoming Hesitation as a FSBO Seller
One tends to hesitate when trying anything for the first time. In the case of selling a home by owner, overcoming this hesitation can save you a bundle of money.
Overcoming Hesitation as a FSBO Seller
If I asked you to go skydiving with me, you might be incredibly enthusiastic or look at me like I was insane. Skydiving is, of course, an extreme activity to say the least.
34). Mortgage Tips for First Time Home Buyers
Going through the purchase of your first property can be a bit intimidating. Yes, you can read books and get help, but doing something for the first time is always a bit stressful. Just to add to your fun, picking up a property also requires you to get a mortgage.
Mortgage Tips for First Time Home Buyers
You have decided to pursue the American Dream of homeownership.
35). The Value of Good Mortgage Brokers
Applying for a mortgage can be frustrating to say the least. Frankly, you are just a number to the lender, one of many more or less begging for a loan. Alas, there is one way to improve your stature.
The Value of Good Mortgage Brokers
Good mortgage brokers fill an important role in the real estate industry. They give borrowers leverage when dealing with banks that otherwise do not pay much attention.
36). A Word of Warning About Home Inspections When Buying
When you make the decision to purchase a home, you are committing to a lot of debt. You want a home inspection, but be careful with your choice of inspectors.
A Word of Warning About Home Inspections When Buying
When purchasing a home, it should be required that the buyer set up a home inspection on the home. This home inspection is designed to ensure the home is in good condition and to notify the buyer of any potential problems in the home.
37). Tips For Property Sellers
For the last five years, you could pretty much list a property on the market in any condition and have it sell. That is no longer the case, which means you need some tips.
Tips For Property Sellers
In recent years, selling a property was a breeze. As long as the structure was in any kind of decent shape, you could expect offers to rain down when it hit the market.
38). Selling Property without A Real Estate Agent
I am going to sell my property without an agent. This refrain is being heard more and more these days as the Internet and real estate market evolves beyond the realtor-based transaction.
Selling Property without A Real Estate Agent
FSBO is an acronym meaning for sale by owner. The advantages of selling as a FSBO are numerous. With real estate commissions of six percent, you are looking at immediately saving tens of thousands of dollars in commissions.
39). Understanding Deeds When Selling a Home
When selling a home, there are a few fundamental topics you need to understand. This brings us to the issue of the different types of deeds you will run into.
Understanding Deeds When Selling a Home
The process of selling property is easier if you understand the basics of the sales process. Marketing the property and dealing with buyers and/or the hassles of real estate agents can be aggravating, but the piles of paperwork and all the different forms involved are really the biggest issue.
40). How Much Will You Make on The Sale of Your Property?
Most people look to comps in their area to come up with the listing price for their property. This is logical, but you also have to focus on the bottom line.
How Much Will You Make on The Sale of Your Property?
It happens more often than you might imagine. A homeowner decides to sell and goes about figuring the best price to sell. They may set a price off of the cuff or do research to ascertain the best price that will result in a sale within a specific time period.
41). Home Improvement Contract Tips
Many a soul has hired a contractor to do repairs or improvements on a home only to find something is fishy. Here are some tips to avoid problems.
Home Improvement Contract Tips
Hiring a contractor to do work on your home is not always as easy as it sounds. Many people call themselves contractors, but really are not. The first step to avoiding problems is to make sure you hire someone with who is actually licensed as a contractor.
42). Investigate Surrounding Vacant Land Before Buying
Homebuyers are always looking for an ideal situation with low prices. If you are looking in an area with open land around it, you absolutely must investigate the plans for the area.
Investigate Surrounding Vacant Land Before Buying
You have been out shopping for a home for months and have not found that perfect specimen. One day you come upon a home that meets your needs and fits your price.
43). Evaluating Properties Back On The Market
As you house hunt for your dream home, you will often see properties that have come back on to the market. So, are these properties to be avoided or a good deal?
Evaluating Properties Back On The Market
Houses popping on and off the market are a common occurrence. The situation occurs when the home is listed and an offer is accepted. At some point during the escrow period, the buyer and seller come upon an issue that results in the real estate transaction falling apart.
44). Should You Buy Real Estate Now?
As has been reported in the media lately, the real estate market has cooled off dramatically. This raises the question of whether you should buy now or wait for a bit for prices to fall further.
Should You Buy Real Estate Now?
First off, timing anything in the financial arena can be a bit of a misnomer. History has shown that real estate is a good investment over time regardless of when you buy.
45). Home Styles
Whether you’re buying or selling, reading real estate ads can be confusing. Here’s a primer on the styles mentioned in the ads.
What’s the difference between a Tudor and Colonial style? What about a Colonial and Dutch Colonial? Read on to find out.
“Colonial,” “Georgian,” or “Federal” style
Terms used when talking about a two (could be 3 or two and one half) story house that is very symmetrical.
46). Selling Tips – Determining Your Market
The decision to sell a home is more complex then many people first realize. One of the primary issues to consider is your market and how it will impact the sale of the property.
Selling Tips – Determining Your Market
People sell their homes for a variety of reasons. In some cases, the sale is involuntary due to issues that arise in every day life such as a job-related transfer, divorce and financial problems.
47). Taking Little Steps to Make Your Property Sell Faster
Ask most coaches in professional sports what sets the best teams from the also ran’s and they will say sweating the details. The same is true for getting a fast offer on your property.
Taking Little Steps to Make Your Property Sell Faster
In many areas of the country, neighborhoods are built in collective groups. Ostensibly, this means there are other properties in your area, maybe a lot, that are very similar to yours.
48). Perks That Get Buyers To Make Offers
In the real estate business, you need to take steps to make your home stand out from those around you. Here are some thoughts on perks that get buyers interested.
Perks That Get Buyers To Make Offers
From the perspective of the average buyer, hunting for that perfect home is both exciting and excruciating. Even with the advent of real estate sites on the Internet, buyers spend an inordinate amount of time looking at homes that simply do not fit their vision.
49). FSBO Sellers – The Real Estate Agent Is Not Your Enemy
If you are selling your home without a real estate agent, you need to realize the agents in your area are not your enemy. In fact, they may prove very useful in moving your property.
FSBO Sellers – The Real Estate Agent Is Not Your Enemy
A common mistake made when people decide to list their home for sale by owner is to assume real estate agents are to be avoided.
50). Sell Your Property Without An Agent
For the longest time, owners would always turn to agents to sell properties. These days, you can sell your property without an agent and save a bundle on commissions.
Sell Your Property Without An Agent
One thing that many property owners get caught up in that they don’t necessarily have to is dealing with a real estate agent. When looking to sell, many property owners think that they need a real estate agent to sell their property.
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