Monday, 08 21st

Last updateMon, 30 Jan 2017 4pm

DECORATOR AGREEMENT

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You have just signed an agreement to purchase a home. You don’t want to move in before settlement, but you would like to paint and fix up prior to the closing. If the property is empty, why not?
In this situation, sellers are likely to want a pre-settlement decorator agreement, a contact which allows the buyer to paint and repair the property, but not occupy it. Such agreements routinely call for

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DON'T BE YOUR OWN REALTOR

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Many home sellers, especially when the market is hot, figure they can save money and avoid real estate commissions by selling their own home without the assistance of a licensed real estate professional.
Although this method may appear a cost-cutting measure on the surface, those who attempt to sell their home and don’t have the training and knowledge that a real estate professional has, may be opening t

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ENERGY AFFECTS SALES PRICE

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The degree of energy efficiency (or deficiency) can play a significant role in the selling price you can get for your home.
In the area of buyer financing, for example, lenders are looking closely at the projected utility costs for a home in determining whether a prospective borrower can afford both the monthly mortgage payment AND the utility payment.
Similarly, FHLMC has eased its guidelines to

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DO YOUR RESEARCH

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You are interested in buying an income producing property. You hear about a building for sale with a good financial yield. Checking on it you find that it’s a fine property-modern in good condition, and fully occupied. You visit the place and verify everything you’ve been told. What now? If the price seems right you might want to have the necessary papers drawn up and start negotiations. Wait! Here’s whe

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CONDOMINIUM VS. COOPERATIVE

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Did you ever wonder about the difference between a condominium and a cooperative? In a condominium, you get actual title to the space within your unit plus an undividedinterest (along with other owners) to the
structure, grounds and common elements (pool, parking area, hallways, recreational area, etc.)
In a cooperative, the “co-op” corporation owns everything within the complex including your unit and

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CLOSING AND THE SELLER

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If you are about to close a sale of your home, there are steps you should be aware of to make the closing as smooth as possible. Normally, you and your attorney will be responsible for drawing the new deed and bringing this document to the closing. The purchase of tax stamps may also be necessary. You will need a copy of your most recent tax bill, which should be receipted if it has been paid. If

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BEST TIME TO MAKE OFFER

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It takes a lot of courage to invest in real estate: You can look-at dozens of houses, find the ideal investment, and conclude that there is no way to lose. But when it comes time to actually sign that check for the purchase, you may find your hand shaking a bit.
The only advice I can offer to be your own boss. Listen to others but always make that final decision yourself. If it will makeyou feel any

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BEFORE BUYING A CONDO

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Before you buy a condo, weigh the advantages and disadvantages. Owning a condo unit entitles you to all the tax benefits of home ownership. Your mortgage interest payments and property tax can be deducted from your taxable income. And you’re relieved of many responsibilities: the condo’s management company usually maintains the exterior of the building and grounds.
However, condos aren’t for everyone. D

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