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Terry’s Blog: Tips To Help You Be A Successful Home Buyer!

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Tips To Help You Be A Successful Home Buyer!
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Do not let buying property intimidate you because there are terms you do not understand. Don’t worry; this article contains advice so that you can avoid this.

When you are interested in buying a home you should always know your credit score. Keep on eye on your credit report so that you will know if anything unusual pops up. If something on your report wasn’t paid or there is a error, it can affect your credit score. Even the littlest thing can cost you points and you don’t want to be turned down for a loan because of 2 points.

As the government is subsidizing your home purchase, buying a home not only provides housing to you and your family, but it has tax advantages too. All of the property taxes and mortgage interest you pay on the property can be deducted from your gross income, which may significantly reduce your taxable income.

Consider buying that vacation home you’ve always wanted during a slump in the real estate market. Some of the lowest property prices in the country during a slump are in destination markets. Interest rates may also be lower for buyers in those markets, in an attempt to entice new buyers into the area.

If you find a home that you like make sure that it is near all of the amenities that you might need. You do not want to live in the perfect house and have to drive an excessively long way in order to get to a pharmacy, grocery store, or any other convenience place.

Now that you’ve read this entire article, you can see that the purchase of real estate doesn’t have to be complicated. It is involved in terms of research and asking questions, but it is worth it in the end. Keeping these suggestions in mind, you can be smarter about purchasing real estate.fbcoverTerryBornitz

Terry’s Blog: Practical Tips For Selling Your Real Estate

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Practical Tips For Selling Your Real Estate
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There are a lot of programs you can spend money on out there that supposedly tell you how to sell a home, but the truth is that you do not need to purchase this information. Just read the tips we provide for you in this article and you can stage your home to sell in any possible market condition.

When people are selling their home they don’t always think of the little things. Potential buyers want to be able to picture their own things and family in the home. Or maybe they want to daydream about what they would do to the home. So try to help that vision out by putting some of your things in storage. Also painting your walls white will help them to imagine their own colors.

If you have any particularly valuable items or furniture in your home, consider having them endorsed. An endorsement is a statement from an independent party that you owned the valuable item in question and that it actually had that much worth. This ensures that you are insured for the full value of the item and can have its dollar value returned to you in the event of loss.

You should hire your own real estate agent to represent you. An agent that works for both the buyer and the seller can possibly have a conflict of interest. Ask friends to recommend an agent to you. Interview several agents and make sure you are comfortable with the person you choose. A knowledgeable agent is an invaluable resource.

The ability to sell your property is not necessarily a specialty skill. It is something that will take some time and practice, but virtually anyone can learn to do it. If you can understand the tips you just read in this article, you can put them into action and take the steps necessary to sell your home.fbcoverTerryBornitz

Terry’s Blog: Important Information To Know Before Making A Real Estate Investment

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Important Information To Know Before Making A Real Estate Investment
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Even though the real estate market is suffering, buyers can still find great deals on nice properties if they only know how and where to look. This is a lot easier said than done, however. In this article, we will talk about various tips you can use to make sure that you’re always buying the best real estate.

With so many foreclosure homes on the market today, people with large sums of cash at their disposal, may want to consider investing is these properties. By purchasing them at auction, you get a home for pennies on the dollar that can be fixed up and flipped for a profit or put on the rental market for steady monthly income.

When attending open houses, ask a contractor who has experience in renovating homes to accompany you. They will notice potential repairs that you might have missed if you went on your own. The contractor can give you an idea of how much you will have to spend to make the property look the way you want it to.

Discount brokers may be something to consider if you have the time to do the leg work when you are buying a house. They are much cheaper than a traditional broker but they do far less work for you. You will be responsible for setting up appointments to view homes and writing up your own sales contract. You will save money but work harder.

The market may still be suffering, but that doesn’t mean it’s impossible to find a good, stable deal out there as a buyer. If you are willing to use the tips you just read in this article, you can greatly improve your chances of making a great deal as a buyer. Don’t neglect to use this info; it can help you out in a jam.fbcoverTerryBornitz

Terry’s Blog: Home Mortgage Tips To Help You Out

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Home Mortgage Tips To Help You Out
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Owning a home is a huge responsibility which shouldn’t be taken lightly. The first step is often to get approved for a mortgage, but there is a lot to learn before you dive right in. People who have taken mortgage in the past have contributed their knowledge to this article so you can learn how to avoid the mistakes they’ve made, so read on.

Remember that the interest rate isn’t the most important part of a mortgage. You also have to think about closing costs, points and other incidentals. There are different kinds of loan as well. That is why you have to find out as much as you can about what you’re eligible for.

Do not sign up with the first mortgage lender that you come across. There are so many out there that you would be doing yourself a disservice by being hasty. You should shop around a bit to make sure that the rate you are being offered is fair and competitive.

Talk to your family and friends about where they got their home mortgages. Sometimes the best recommendations are from those immediately around you. They’ll have lots of information on their own experiences with their banks, so you can feel more secure about where you should shop. Really it can save you many hours of time!

If the idea of a mortgage looming over your head for the next few decades does not appeal to you, consider refinancing over a shorter period. Although your monthly payments will be more, you’ll save a lot in terms of interest over the life of the loan. It also means being mortgage-free much sooner, and owning your home outright!

Now that you’ve read about the truth when it comes to getting a mortgage, you will avoid the hurdles which tripped up your peers in the past. Their struggles will make your mortgage application process smooth sailing. Be sure to use these tips, otherwise you will face the same perils they did.fbcoverTerryBornitz

Terry’s Blog: Help Making Your Real Estate Selling Decisions

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Help Making Your Real Estate Selling Decisions
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There are a lot of things you can do in order to improve your chances of selling your property quickly and for a nice profit. Information is power in the real estate industry, and this article will help shed some light on various tips and tactics you can use to make sure that you’re always acting as an empowered seller.

If you are ready to sell your home the first thing that you should look at is what kind of curb appeal that it has. Things to look for is your lawn is mowed nice and no weeds. Check the state of your driveway and porch and make sure that there are no huge cracks or chunks missing.

Know how long it takes your realtor, on average, to sell an average property. If your prospective realtor does not have this information on hand, or if the time frame for turning over property is longer than comparable properties from the local MLS, then you might be dealing with a realtor who is not on their game.

Making a few changes to your windows and doors will help you sell your home faster. These features are one of the first things a buyer sees as they pull up to your residence. Cleaning them up and giving them a fresh appearance makes your entire home look newer. Consider painting, replacing or adding curtains to the windows.

To get the most money when you sell real estate, you should price it right from the beginning. A property will get the most attention from other agents and potential buyers when it first goes on the market. If they feel like it is priced too high they will just ignore it and move on.

Nobody in real estate lucks into profits. Everyone attempting to sell any type of property needs to realize that having the right knowledge of the marketplace is the only way to move property efficiently and to profit from it. Use what you’ve just learned in this article when you’re ready to sell your property.fbcoverTerryBornitz

Terry’s Blog: Tips For Your Real Estate Hunt

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Tips For Your Real Estate Hunt
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Taking a step into the mysterious land of buying real estate for the very first time might feel somewhat daunting. By keeping the helpful tips listed below in mind, you will soon find yourself buying the property of your dreams, all while using some helpful information that can help you avoid scams.

Take the time to investigate the inspector for your potential property. You should make sure that they are certified, work for a reputable company and if possible are with an inspector association that is non-profit. If not, their credentials may be supplied by a non-reputable organization that supplies them for nothing more than a fee.

To avoid costly upgrades, pay attention to the heating or plumbing when visiting a house. Look at the ceilings and floors to detect any leaks. Ask the owners to turn the heat on so you can see if the furnace functions well. If anything looks old, prepare yourself for replacing it.

Don’t rush into a purchase if you are buying a home. No matter how excited you may be about the house, no matter how much you are willing to pay whatever they are selling for–you’ve got to take a step back and think about whether this purchase is a smart one. Take at least 24 hours before making an offer on a home and you’ll be able to think more clearly about your choices.

If you are considering purchasing a home that requires renovation or repair, bring along a contractor experienced in home rehab to the viewing. The contractor may notice hidden defects that would escape the average homeowner. In addition, the contractor may be able to give you a ballpark estimate on the cost of renovating the property.

So, after reading and applying the helpful tips listed above, you should feel a bit more at ease in the land of buying real estate. You have the tools and now you need to use them. You should be ready to begin your property buying journey to reach your dream property, without losing money.fbcoverTerryBornitz

San Francisco Inventory Decline Leads to Mass Overbidding

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SF Inventory

A gradual decline in inventory has contributed to the increase in overbidding among buyers, according to a new report from Paragon Real Estate. The real-estate firm tallied the number of homes, co-ops, TICs, condos and even 2-4-unit buildings listed on the MLS, starting just before the market recovery began in 2012. It found that while listings consistently peak in the spring and autumn, and plummet around the December holidays, those peaks and valleys have been sinking lower and lower over the past few years.

The reduced inventory (as well as a widespread underpricing strategy by local realtors) has led motivated buyers to bid considerably over the asking price for the vast majority of S.F. sales. Paragon’s figures show that February 2015\0x2032s sales prices were an average of 8% higher than asking prices overall, with single-family homes selling for 12% over asking, condos averaging 7% over, and 2-4 unit buildings 2% over asking. “Houses are becoming a smaller and smaller percentage of city home sales (since virtually no new ones are being built), which has generally made them the most competitive market segment,” according to the report.

Now for some (slightly) good news for buyers: Paragon claims that even in this hot market a good 20%-30% of homes are price reduced before selling or are so overpriced they are removed from the market without a sale taking place. Now for more bad news: the less expensive the home, the bigger the buyer frenzy. “Right now, more affordable homes–for example, condos under $1 million–appear to be in particularly high demand,” according to the report.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Emily Landes – See the Full Story at SFGate

Click here for gay realtors, mortgage lenders, and other real estate professionals in San Francisco.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Featured Gay Real Estate Agent: Pete McGahan, St. Petersburg, Florida

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Pete McGahan, Gay St. Petersburg Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

I am a full service St. Petersburg Real Estate Agent, ready, willing and able to help you buy or sell a home in the Tampa/St. Petersburg area. I can help you sell your home from the day you list your place with me all the way through the home closing process and beyond. I will help you prepare your home to sell, with the marketing of your home, showings, and I will work with the buyers and their agents to make the process as smooth as possible.

See Pete’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Florida

Philadelphia’s Gayborhood to Get Rainbow Crosswalks

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Philadelphia's gayborhoodExpect to see a burst of color if you’re walking through the Gayborhood this summer.

Philly Pride Presents in collaboration with the City of Philadelphia will paint permanent rainbow-colored crosswalks at 12th and Locust and 13th and Locust streets following Philadelphia’s Pride Parade. The eight crosswalks will be dedicated at the Annual Reminders Block Party on July 5th honoring the 50th anniversary of the first U.S. LGBT-rights group demonstrations.

The crosswalks have been a long time coming, said Philly Pride Presents executive director Franny Price. “We know that other cities have installed rainbow crosswalks,” Price told the Philadelphia Gay News, “and we have been trying to do the same in Philadelphia for a long time.”

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Layla A. Jones – See the Full Story at Philly.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in Pennsylvania.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Image via Apple Maps

Featured Gay Real Estate Agent: Patrick Martin, West Hollywood, California

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Patrick Martin, Gay West Hollywood RealtorPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

For more than a decade, Patrick Martin has been an industry leader in West Hollywood and the Los Angeles real estate market. Handling a diverse portfolio of properties and clientele he’s known for flawless service, strong follow through and impeccable organization. From first time home buyers to experienced real estate investors, his clients come from California and all over the world. Patrick’s background as a General Contractor provides him a clear understanding of housing and the market that many competitors lack.

See Patrick’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in LA County