Joe, Sally and Greg are three sales professionals with a great sales opportunity. See how each one proves their worth, leverages marketing and gets the deal, in this fun and important story.
Joe, Sally and Greg are three sales professionals with a great sales opportunity. See how each one proves their worth, leverages marketing and gets the deal, in this fun and important story.
This Month in Real Estate explores recent market trends in the housing industry. Brought to you by Shawn Kormondy, Reis Group, Inc. at Keller Williams Realty.
LA Lifestyle @ Reisgroup.org - Showcasing Taye Hansberry’s journalism & photography as a means to gain an insightful perspective into what an Angeleno truly is. Enjoy!
http://reisgroup.org/2010/05/a-little-west-of-fairfax/
LA Lifestyle @ Reisgroup.org - Showcasing Taye Hansberry’s journalism & photography as a means to gain an insightful perspective into what an Angeleno truly is. Enjoy!
http://reisgroup.org/2010/05/lets-talk-chocolate/
HOW CANADIAN RENTERS CAN BENEFIT FROM RENT TO OWN OPTIONSStreetwise Homes
This presentation goes through some of the many benefits that Canadian Renters could have by choosing to use Rent to Own to Purchase their home. Things such as having your rent go towards the purchase, Repairing damaged credit, Not having the home price climb out of reach.
First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.
Have questions? Contact us today.
✅ https://kmrealtygroup.net/contact-us/
This Month in Real Estate explores recent market trends in the housing industry. Brought to you by Shawn Kormondy, Reis Group, Inc. at Keller Williams Realty.
LA Lifestyle @ Reisgroup.org - Showcasing Taye Hansberry’s journalism & photography as a means to gain an insightful perspective into what an Angeleno truly is. Enjoy!
http://reisgroup.org/2010/05/a-little-west-of-fairfax/
LA Lifestyle @ Reisgroup.org - Showcasing Taye Hansberry’s journalism & photography as a means to gain an insightful perspective into what an Angeleno truly is. Enjoy!
http://reisgroup.org/2010/05/lets-talk-chocolate/
HOW CANADIAN RENTERS CAN BENEFIT FROM RENT TO OWN OPTIONSStreetwise Homes
This presentation goes through some of the many benefits that Canadian Renters could have by choosing to use Rent to Own to Purchase their home. Things such as having your rent go towards the purchase, Repairing damaged credit, Not having the home price climb out of reach.
First Time Home Buyer's Guide - KM Realty Group LLCTammy Jackson
The process of buying a home can be overwhelming at times, but you don't need to go through it alone.
You may be wondering if now is a good time to buy a home… or if you should continue renting. The free eGuide below will answer many of your questions and likely bring up a few things you didn't even know you should consider when buying a home.
Have questions? Contact us today.
✅ https://kmrealtygroup.net/contact-us/
Embarking on the journey of purchasing your first home in Chicago? KM Realty Group presents the "First Time Homebuyer Guide 2023," your essential companion to navigating the Chicagoland real estate market with confidence.
https://kmrealtygroup.net/
Need MCA leads? No sweat! MCAs are great for small biz funding. Learn how to snag top-notch leads: businesses needing cash, with repayment ability, decision-makers, and accurate contacts. Use content, social ads, lead platforms, partnerships, and capture processes for quality leads.
https://www.leadgeneration.media/blog/b/streamline-your-mca-sales-process-with-pre-qualified-leads
Omaxe Sports City Dwarka stands out as a premier residential and recreational destination, offering a blend of luxury and sports-centric living. Located in the thriving area of Dwarka, this project by Omaxe Limited is designed to cater to modern lifestyle needs while promoting a healthy, active living environment.
One FNG by Group 108 Sector 142 Noida Construction UpdateOne FNG
One FNG by Group 108 is launching a new commercial project in Sector 142 Noida. Office space and high street retail shops on the FNG and Noida Expressway. For more information visit the website https://www.onefng.com/
Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szet...Volition Properties
=== Investing In The US As A Canadian… And How To Do It RIGHT!! (feat. Erwin Szeto) ===
Ever been curious about Real Estate Investing in the US?? At Volition, for the past 14 years, we have been focused on helping investors invest in over $250M of real estate and generate $100M of wealth in the Toronto market, but we are always open to learning more about other business models and learning from other investors.
The US has always been an intriguing market to invest in. But the US is a big place… if you’re interested in investing in the US, you probably have a lot of questions, like:
☑️ Specifically WHERE should you invest?
☑️ What are the best markets to invest in and why?
☑️ How much are property prices there?
☑️ What are the returns like?
☑️ What is cashflow like?
☑️ Compared to investing in Toronto or other cities in Ontario, what are the benefits / tradeoffs?
☑️ What ownership structure should I use?
☑️ What are the tax implications?
☑️ Can I get financing?
☑️ What are tenants like?
Enter Erwin Szeto, a longtime friend of Volition. Since 2005, Erwin Szeto and his team have navigated the challenging landscape of being landlords in Ontario. Now, they are shifting their focus and guiding their clients' investments toward the more landlord-friendly environment of the USA. This decision comes after assisting Canadian clients in transacting over $440,000,000 in income properties. Faced with issues like affordability constraints, tenant-friendly laws, rent control, and rental licensing in Canada, Erwin sees a clear opportunity in the U.S. Here, there is a significant influx of investments leading to the creation of high-paying manufacturing jobs. Erwin and his clients are poised to capitalize on these opportunities where landlord rights are stronger and there is no rent control.
To facilitate this transition, Erwin has partnered with and become a client of SHARE, a one-stop-shop U.S. Asset Manager. Founded by Canadians for Canadians, SHARE enables as passive an ownership experience as possible for landlords in the U.S., while still maintaining direct, 100% ownership.
Erwin is “Making Real Estate Investing Great Again”!!
Website: https://www.infinitywealth.ca/
Facebook: https://www.facebook.com/iwinrealestate and https://www.facebook.com/ErwinSzetoOfficial
Podcast: https://www.truthaboutrealestateinvesting.ca/
Instagram: https://www.instagram.com/iwinrealestate/ and https://www.instagram.com/erwinszeto/
500 acres of brilliance await you here at Riverview City which offers modern living, effortless convenience, and a beautiful natural setting. It is a mega township by Magarpatta City in Loni Kalbhor, Pune. Enjoy easy access to work, schools, and fun while experiencing a perfect work-life balance.
Visit - magarpattacity.developerprojects.in
MC Heights-Best Construction Company in jhanglaraibfatim009
MC Heights stands as the epitome of excellence in construction within Jhang. With a commitment to unparalleled quality and innovative design, MC Heights redefines urban living in the heart of Jhang. Offering luxurious residential spaces, cutting-edge commercial complexes, and vibrant community areas, MC Heights caters to the diverse needs of modern lifestyles. Our dedication to superior craftsmanship and customer satisfaction ensures that every aspect of MC Heights exceeds expectations, making it the premier choice for those seeking unparalleled sophistication and comfort in Jhang.
Brigade Insignia offers meticulously designed apartments with modern architecture and premium finishes. The project features spacious 3,3.5,4 and 5 BHK units, each thoughtfully planned to provide maximum comfort, natural light, and ventilation.
https://www.newprojectbangalore.com/brigade-insignia-yelahanka-bangalore.html
BricknBolt Understanding Load-Bearing Walls and Their Structural Support in H...BrickAndBolt
Load-bearing walls are the backbone of any home construction, providing crucial structural support that carries the weight of the house above. For companies like Brick and Bolt Mysore and Bricknbolt Faridabad, understanding and properly implementing these elements are key to constructing safe and durable buildings.
Referans Bahcesehir which is being constructed, in the center of the most regional destination as Bahçeşehir, shines out with its central location and unique landscape including social facilities such as a fitness center, sauna, sports facilities, children’s playground and recreational areas.
Not only drawing attention for immediate surroundings including commercial centers and private schools but also providing the easily accessible location with closeness to Tem Highway and connection roads, ongoing construction of 3rd Bridge Connection roads and Metro Projects
Bahcesehir is a rising value in the great city of Istanbul… Located at a new transportation junction in the northwest of the City… Located at such a spot that the access roads for the 3rd bridge and for the 3rd Airport will reach the region in 2016. The Marmaray and the Subway will extend all the way to Referans Bahcesehir respectively in 2018 and 2019.
465 flats and 34 stores are designed with an outstanding approach and arranged with a unique perspective offering the following options: 1 plus 1, 2 plus 1, 3 plus 1, 3.5 plus 1, 4 plus 1, and 4.5 plus 1. It is planned so as to safeguard you and your loved ones based upon a modern, technological safety approach. As you experience the joy and luxury here, you will be content and feet at ease.
It is worth seeing both inside and outside with heart-warming cafes, tasty restaurants and elegant stores… And it is ready to offer a vivacious social life with a warm and cozy space design.
A folding swimming pool and indoor swimming pools, playgrounds, Turkish bath, sauna… It has them all. Everything you need for your well-being and for having a pleasant time will be at your service. You simply need to align the rhythm of life with the rhythm of Referans Bahcesehir.
https://listingturkey.com/property/referans-bahcesehir/
Simpolo Tiles & Bathware
Tile ho,
toh Simpolo.
Since the first steps were taken in 1977, Simpolo Ceramics has carved its niche as a consistently growing organisation with unparalleled innovation and passion rooted in simplicity.
We endure gratification for every experience we offer, created to share something meaningful. It may not resonate with the majority, but that makes us a class apart. If only a handful were to understand the purpose of our existence, we would be proud to have found our believers. Rather, people with whom we can share our beliefs.
VISUALIZER
Design your space in your style with our very own Visualizer. Now, you can choose the tiles of your liking from our wide selection and see how they would look in a space. Select the tile from the multiple options and the visualiser will replace the surfaces in the image with the selected tiles. This way, instead of just your imagination, you can choose the tiles for your place by getting an actual picture of how they would look in a space. So, design your space the way you desire digitally and implement it in real life to get the best results!
You can also share this visualiser with others to help them design their space.
Committed to delighting customers with world-class ceramic products and services. Make Simpolo synonymous with the best quality and set new benchmarks of excellence for all stakeholders. Pursue best business practices with utmost integrity to make Simpolo an exciting organisation to work with, for vendors, channel partners, investors and employees alike.
Gain worldwide recognition in the field of ceramic building products through Research and Innovation and bring an enhanced lifestyle within reach for every household.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Green Homes, Islamabad Presentation .pdfticktoktips
Green Homes Islamabad offers beautifully designed 5, 8, and 10 Marla homes near the airport and motorway. Enjoy luxury, convenience, and high rental returns in a prime location.
Torun Center Residences Istanbul - Listing TurkeyListing Turkey
THERE IS LIFE IN ITS CENTER!
The most energetic spot of the city that will add utterly different pleasures to your life, with a park that will make Istanbul breathe, delighting indoor and outdoor bistros, cafes, restaurants, the brand-new Food Hall concept, where dozens of unique tastes are served together, market area, cinema, theater, fitness club, SPA and event venue...
All the pleasures that will enrich your lives are awaiting you on the most beautiful side of the city, at Torun Center Residences. In Mecidiyeköy, where the heart of Istanbul beats, business, life and entertainment opportunities are located at the exact center, at Torun Center, the most beautiful side of the city.
Penthouse apartments and different styles of flats from 1 + 1 to 4 + 1, from 100 to 425 square meters in a 42-story residence tower, have been designed for those who want to live in the center of magnificence. Torun Center is the redefinition of a better life with specially landscaped floor gardens, apartment options with private balconies, and automatic glass systems equipped with Trickle Ventilation that offers clean air comfort.
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Delightful details
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Neighboring to the most pleasant square of Istanbul
A few steps from the Torun Center Residences, you can reach the city's most modern city square and open the doors of a quality city life. Torun Center Residences brings together on the same project the long-awaited city life for Istanbul and gourmet restaurants, cafes, gym and SPA, and state-of-the-art cinema and Artı Stage, hosting the most famous plays of the season.
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Lixin Azarmehr, a Los Angeles-based real estate development trailblazer, co-founded JL Real Estate Development (JL RED) in 2015 and serves as its CEO. Her expertise has propelled the firm to specialize in luxury residential and mixed-use commercial projects, with a portfolio that features upscale retail spaces and sophisticated care facilities.
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Scanning tenants in NYC requires a thorough and compliant approach to ensure you find reliable renters. For a positive rental experience, consider hiring a property management service. Belgium Management LLC specializes in NYC rental property management and tenant relationship management. We prioritize tenant satisfaction, making us a trusted name in New York property management. Our dedicated team ensures tenants feel valued and supported throughout their lease.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...Newman George Leech
Oeiras Tech City, a historic development in the Oeiras municipality of Lisbon, is acquired by RE Capital and REIG. It is located on a 93,000-square-meter plot of land and combines co-living, business, and residential areas. It highlights ESG principles and is close to Tagus Park, which improves the urban landscape of Lisbon.
Oeiras Tech City, Developed by RE Capital and REIG, Will Become Lisbon's Futu...
8 Steps to Buying a Home
1.
2. Step 1: Decide to Buy
Do you really want to pay
someone else's mortgage?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
If you’re renting and Very few people can afford to buy their
dream home when they buy their first
have a stable job with home. In fact, according to the National
some savings, and Association of Realtors®, 69 percent of
first-time home buyers in the United
a credit score in the States compromised on some features
high 600 range, you of their first home. So you make some
compromises, buy your first home, and
can likely qualify for start building equity. This approach takes
FHA or conventional you further and faster down the road to
being able to own your dream home than if
financing at you hadn’t purchased a home at all.
historically low rates.
Gary Keller and his wife Mary serve as a
The key question you need to consider is,
great example of how this works. They
of course, why are you still renting? Think
used their first home as a forced savings
about it for a moment. If your reason
plan for their future dream home. They
is fear, then it may be time to let go of
even made additional principal payments
that fear and focus on the facts of home
when they could to accelerate their equity
ownership. Here is one example.
buildup. Interestingly, this approach
Fear: allowed them to pay off their first home in
I can’t afford to buy my about eight years. Then, all that financial
dream home. equity was available to help them build a
second home—their dream home.
Fact:
The best way to get Continued on next page ...
closer to buying your
dream home is to buy
your first home.
1 For more information on deciding to buy, see chapter 1 in Your First Home.
3. Step 1: Decide to Buy
continued ...
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Purchasing your own home is a great investment that
provides specific financial advantages, including equity
buildup, value appreciation potential, and tax benefits. It’s
also a forced savings plan that you cannot get from renting!
So, again, ask yourself if you can really afford to keep
renting. Here is an example scenario.
BUYING VS. RENTING
C A N YO U R E A L LY A F F O R D TO K E E P R E N T I N G ?
Sheila’s $900 mortgage includes $700 of interest. Sheila’s friend Chris believes he “can’t afford” to buy.
Her total house payments are $10,800 annually. At He pays $800 in rent each month.
the end of the year, $8,400 (12 months x $700) is tax Chris’s housing costs for the year are $9,600.
deductible in the United States. She is in the 28 percent
So, even though he thinks he’s saving money by
tax bracket, so her tax savings are $2,352 ($8,400 X .28).
renting, he actually spends about $1,150 more than
Her actual housing costs for the year are $8,448 Sheila–and he’s not building any equity!
($10,800 - $2,352). And Sheila has built $2,400 in equity.
Above all else, when done There is never a wrong time to buy the right
home. All you need to do in the short run is
right, home ownership can find a good buy and make sure you have the
help lay the foundation for financial ability to hold it for the long run. The
most important rule for keeping your stress
a life of financial security to a minimum is that you don’t have to know
everything—leave that to your real estate agent.
and personal choice.
2 For more information on deciding to buy, see chapter 1 in Your First Home.
4. Step 2: Hire Your Agent
How about putting a champ
in your corner?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
When you’re looking for a real estate professional to help you, know that above
all else good agents put their clients first.
s yo u r
T h e se ve n m a in ro le
l p e rf o rm
re a l e st a te a g e n t w il
g:
in cl u d e th e fo ll ow in
1. Educate you about your market.
2. Analyze your wants and needs.
3. Guide you to homes that fit your criteria.
4. Coordinate the work of other needed professionals.
5. Negotiate on your behalf.
6. Check and double-check paperwork and deadlines.
7. Solve any problems that may arise.
3 For more information on hiring your agent, see chapter 2 in Your First Home.
5. Step 3: Secure Financing
How much home can
you comfortably afford?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
It’s normal to ask how And if you finance at less than 20 percent
down, you’ll likely need to pay PMI or private
much you can afford, mortgage insurance as well. It’s a lot to think
and you might begin by considering your about. Ultimately, keep in mind that your
monthly rent payment. You’ll also need lender will preapprove you for a certain
to factor in all of your expenses and then YOU will decide what
amount, but
revisit your income. Lenders use fairly strict you’re comfortable paying every
guidelines and formulas to dictate how much month. And you always want to leave room
you can spend on your mortgage payment, for the unexpected costs and opportunities—
which typically includes PITI, or principal, from furnishing to repairs to gardening.
interest, taxes, and homeowner’s insurance.
Your lender decides what you can borrow.
But you decide what you can afford.
OLIVIA AND ALEX EACH EARN $4,000 A MONTH.
TRADITIONALLY,THEIR MAXIMUM HOUSING PAYMENTS WOULD BE 28 PERCENT OF THEIR INCOMES, OR $1,120.
HOWEVER,THEIR FINANCIAL PROFILES ARE REALLY VERY DIFFERENT,
LEADING THEM TO VERY DIFFERENT DECISIONS ABOUT HOW MUCH THEY CAN AFFORD.
OLIVIA HAS $15,000 IN STUDENT LOANS, JUST ALEX’S STUDENT LOANS ARE PAID OFF, HE HAS
BOUGHT A NEW CAR, AND HAS SEVERAL CREDIT LITTLE CREDIT CARD DEBT, AND HIS CAR IS AN
CARDS WITH BALANCES. ECONOMY MODEL.
Car payment $350 Car payment $200
Student loans $150 Credit card minimum + $50
Credit card minimum + $150 Monthly nonhousing debt $250
Monthly nonhousing debt $650
Maximum total debt payment
Maximum total debt payment (36 percent of $4,000) $1,440
(36 percent of $4,000) $1,440 – $250
– $650 Safe housing payment $1,190
Safe housing payment $790
4 For more information on securing financing, see chapter 3 in Your First Home.
6. Step 3: Secure Financing
continued ...
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Be sure to follow these six steps to financing your home:
And remember, you
1. Choose a loan officer. don’t need to save up a
lot of money for the down
2. Make a loan application and get preapproved. payment. A conventional
mortgage can require as
3. Determine what you want to pay and select a loan option. little as a 5 percent down
payment, and there are
4. Submit to the lender an accepted purchase offer contract. even some first-time buyer
programs and FHA loans that
5. Get an appraisal and title commitment.
require even less. And once
again, only you can decide
6. Obtain funding at closing. what you can afford.
If you can afford a
$1,000 monthly m
payment (not includ ortgage
im p a ct ing taxes and insura
In te re st ra te s a low interest rate nce),
se
h ow m u c h h o u
can allow you to af
a higher-priced ho ford
me.Your rate will
also
yo u c a n a f f o rd
determine how m
uch interest you pa
the life of your loan y over
.
LOAN INTEREST MONTHLY TOTAL INTEREST
AMOUNT RATE P&I PAYMENT PAID OVER 30 YEARS
$136,000 8% $998 $223,251
$150,000 7% $998 $209,263
6% $995 $192,291
$166,000
For the last twenty years, the mortgage interest rate averaged
approximately 8 percent in both the United States and Canada.
5 For more information on securing financing, see chapter 3 in Your First Home.
7. Step 4: Find Your Home
Where, or how, do you
begin your search?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
So you are
preapproved and
ready to begin your
search. But how or
Yo u r h o m e
where do you begin? wants and
The best thing to do is consult with your
agent to more accurately pinpoint the home
n e e d s c r it e r ia :
you are looking for. This is likely the biggest
investment you’ll ever make, and you’ll need
to create a criteria for a home that meets
Location
all of your important needs, and as many
of your additional wants as possible. Some Size
questions you might ask yourself include:
Condition
Appreciation
or a new home?
Neighborhood
appreciation?
Freestanding or condo/town home,
resale or new contstruction
Features and amenities
Which do I really need?
You’ll learn as you look at homes, it’s wise Potential for expansion
to refine your priorities along the way. And or improvment
your agent is experienced and can help
expedite the process.
6 For more information on finding your home, see chapter 4 in Your First Home.
8. Step 5: Make an Offer
So what's a fair price
for the home you love?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Congratulations! So you’ve fulfill the contract. Okay, it can get admittedly
found a home you love. Now you confusing here. So look to your agent to guide
need to make a compelling offer. The three the right price
you. Keep in mind,
basic components of your purchase offer to offer should reflect the fair
are price, terms, and contingencies. Price is market value of the home you
obviously the dollar amount you are approved want to buy. Your agent’s market
for, willing, and able to pay. Terms cover the research will help guide this decision.
other financial and timing factors that will
be included in your offer. Contingencies
are clauses that let you out of the deal if the
house has a problem that didn’t exist or that
you weren’t aware of when you went under
contract. Contingencies specify any event W ha t’s a fa ir pr ic e fo r
that will need to take place in order for you to 34 5 Ca rd in al la ne ?
Welcome to The Grasslands, a quiet neighborhood built in the 1960s. Most homes
here have three bedrooms, range from about 1,500 to 1,750 square feet, and have
been selling between $140,000 and $180,000. You want to make an offer on
345 Cardinal Lane, listed at $165,000. What price will you offer?
123 Eagle Pass 223 Robin Lane 345 Cardinal Lane
updated in the past five years
extensive landscaping
Sold last week for $90/square You decide to offer
foot, or $139,500 $95/square foot,
Sold two weeks ago for or $157,000
$102/square foot,
or $175,950
7 For more information on making an offer, see chapter 5 in Your First Home.
9. Step 6: Perform Due Diligence
Know what to expect
when you're inspecting?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Just because you love decision for you. And remember, if your home
passes inspection with flying colors, you’ll
a particular property still need to buy a homeowner’s insurance
doesn’t mean that it’s policy to protect against loss or damage to
perfect. In fact, this is where reason the property itself and against liability in case
someone sustains an injury while on your
has to trump emotion. And you’ll have help
property.
here, too. You’ll need to have a property
inspection (which we highly recommend
you attend) that will hopefully expose all the
issues a home might hide. This way you’ll
know exactly what you are getting into before
you sign closing papers. Your main concern is
the possibility of structural damage. This can
come from water damage, shifting ground,
or poor construction when the house was
built. And remember, don’t sweat the small
It’s the inspector’s job to
stuff.
mark everything discovered,
no matter how large or small.
Things that are easily fixed can be overlooked.
In case you have a big problem show up in
your inspection report, you should bring in a
specialist. And if the worst-case scenario turns
out to be true, you might want to walk away
from the purchase. Again, this is your home,
so work with your agent and make the best
8 For more information on performing due diligence, see chapter 6 in Your First Home.
10. Step 7: Close
Know how to keep
yourself mortgage worthy?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
You’ve made an offer and performed
due diligence, which means you’re
now in the “home” stretch, pun
But you have a few
intended.
preclosing responsibilities,
and these include staying in
control of your credit and
finances, first and foremost.
You will also need to keep in touch with
your agent and lender and return all
phone calls and paperwork promptly.
You might need to communicate with
your agent at least once or twice a week,
and verify with your lender that all
mortgage funding steps are completed.
If possible, conduct a final walk-through
of the home with your agent as well.
confirm with
And finally, be sure to
your agent, home insurance
professional, and lender
that you have the settlement
statement, certified funds,
and evidence of insurance
lined up prior to closing.
9 For more information on closing, see chapter 7 in Your First Home.
11. Step 8: Protect Your Investment
Are you giving your
home the love it needs?
STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8
Whew.
That was exhausting.
But you’re done! Well,
sort of. You’ve closed
and moved in, but now
you’ll need to protect
your investment for
years to come. And you
can do so by performing routine
maintenance on your home’s
systems, depending on their age and
condition. A good rule of thumb is to
watch for signs of leaks, damage, and
wear. If you fix small problems early,
you will save yourself from having to
spend big money later. And remember
that kind real estate professional who
assisted you throughout the process?
Well, after closing your agent can
still help you with such things as
providing information for your tax
returns, finding contractors and
repair services, and even tracking
your home’s current market value.
10 For more information on protecting your investments, see chapter 8 in Your First Home.