I’ve always told my clients that the closing date is a “target date” because things can sometimes come up at the last minute that can delay the closing a day, or a week, or sometimes even longer. It seems like it’s RARE to close on time nowadays. The reasons for the delay are many. Sometimes […]
Credits or Fix
My normal rule of thumb is to spend as little as possible fixing the house up, but still get the job done. You don’t want to spend money on items where you won’t get your money back. For example, it’s not worth putting a pool in just to sell the home. However, I will suggest […]
Do Houses Shrink?
So why is it that the square footage of your home is different when it is measured for an appraisal than what the builder’s floor plan showed? And how come different appraisers will measure a home at different sizes? Unless you’ve added onto the home, I’m sure it’s the same size as the day you […]
Negotiating the deal. There are many more things a Realtor can do for you….
As a Realtor we are always working to do what is best for our clients. Not only can we negotiate the purchase or sale of real estate, but we can do many more things for you…
Depreciation – Today’s Real Estate Term
depreciation |diˌprē sh ēˈā sh ən| noun a reduction in the value of an asset with the passage of time, due in particular to wear and tear. • decrease in the value of a currency relative to other currencies : depreciation leads to losses for non-dollar-based investors | a currency depreciation. There are many ways […]
Floor Area Ratios – Today’s Real Estate Term
Floor Area Ratios simplify defined is the area of a building divided by the area of its lot (Land area). The formula is Floor area Ratio = Building Area / land area. The floor area ratio is often limited by local zoning codes. Make sure you contact your local planning department to verify local zoning […]
Hard Money Loan – Today’s Real Estate Term
There is no doubting that the economy is in tough shape. During these hard economic times it is all but impossible to get good, easy financing for your real estate ventures. This is when hard money loans become the only option for many investors. It is surprising to me how often people ask me what […]
Lease Purchase – Today’s Real Estate Term
Definition from Wikipedia and the Dictionary of Real Estate Terms (6th Edition) A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an exclusive option of […]