Gay Realty Network

Real Estate News With a Gay Slant

Terry’s Blog: Everything You Ever Wanted To Know About Buying A Home

No Comments »

Everything You Ever Wanted To Know About Buying A Home
20121102_100341
Buying real estate can be beneficial for many reasons. For investors, the purchase of real estate will mean both rental and capital profit. For home owners, they gain a valuable place to live. The advice in this article will help you whether you are an investor or home seeker looking to purchase real estate.

If you need first months rent, last months rent and a deposit, in order to rent a property, ask the landlord about possibly paying the last months rent over time. By adding a couple hundred dollars to each month’s payment, you can get that new place, without having to have all of the money up front.

When you are buying your first home there is an insurance called Private Mortgage Insurance. This protects the lender in case you don’t make your loan payments. If you can, try to have a down payment of more than twenty percent to: avoid looking like a high risk, and having to carry that insurance.

Build a strict set of goals when selling or buying your real estate. This will help you to establish boundaries in not only monetary terms, but also in other areas such as locations or features. It will also help you setup due dates for success. In the end, this will enable you and the other party to “get on the same page.”

For most families the kitchen is the center of the house. Buyers should consider the size, the location and the equipment of the kitchen. Old, outdated kitchens are expensive to upgrade and it can add thousands of dollars to their budget while a spacious kitchen with up-to-date appliances can significantly reduce the final costs, and can add additional joy to the ownership of the home.

Buying real estate can benefit both home seekers and investors. Both obtain property for a specific reason, whether it is for a living space or for profit. By following the advice in this article, you can start purchasing real state for your particular needs.fbcoverTerryBornitz

Terry’s Blog: Have Questions About Home Mortgages? Get Answers Here

No Comments »

Have Questions About Home Mortgages? Get Answers Here
20121102_100341
Buying a home is a great time in anyone’s life, but getting to that point for most people requires a home mortgage. This is where things can get complicated and delay the process of you actually purchasing your dream home. Don’t wait until it is too late, get started now by reading the following article that shows what is needed to get approved for a home mortgage.

Before trying to get a mortgage approval, find out your credit score. Mortgage lenders can deny a loan when the borrower has a low credit score caused by late payments and other negative credit history. If your credit score is too low to qualify for a mortgage loan, clean up your credit, fix any inaccuracies and make all your payments on time.

Regardless of how much of a loan you’re pre-approved for, know how much you can afford to spend on a home. Write out your budget. Include all your known expenses and leave a little extra for unforeseeable expenses that may pop up. Do not buy a more expensive home than you can afford.

Pay down your debt. You should minimize all other debts when you are pursuing financing on a home. Keep your credit in check, and pay off any credit cards you carry. This will help you to obtain financing more easily. The less debt you have, the more you will have to pay toward your mortgage.

So many people rush into the home buying process without preparing the financial situation properly in order to get approved for a home mortgage. This can unfortunately delay the process if you get denied. Then you are left wondering what you need to do to get approved. Thankfully the tips presented here should get you prepared on what is needed to get that dream home of yours.fbcoverTerryBornitz

Terry’s Blog: Home Selling Advice That Will Help Keep You In Control

No Comments »

Home Selling Advice That Will Help Keep You In Control
20121102_100341
Selling your home can be an exciting time because it means that there will be new opportunities available for you. However, it can be quite stressful as well. This article will give you some simple guidelines to use to help you get your house sold at the best price possible.

Hire a real estate attorney, even if you are selling your home on your own. By hiring a legal professional to look over your contracts, you are saving yourself many potentially costly problems in the future. A lawyer can spot flaws in your documents, allowing you to rectify them before it’s too late.

Pricing your home right is incredibly important in a difficult real estate climate. Make sure to consider what other properties in your area have sold for, and listen to your Realtor’s advice when it comes to pricing. The right price will bring in more potential buyers and increase your chances of selling fast.

Make the home more inviting as you show your home to potential buyers. Light a candle or two, set out a plate of cookies and it will be easier for them to feel welcome as they tour your home. If you have vibrant colors on the walls, consider a quick paint job prior to showing it, in order to make it easier for a buyer to picture himself living in the space.

If you have had your home listed on the market for a long time, consider updating the photos that are on your listing. Old photos can make your home seem dated and can deter potential buyers from looking at it further. Keeping the photos within the season are a great way to make your home look fresh and inviting.

As you can see, there are some simple things that you can do in order to make your home more appealing. If you follow these guidelines, you will draw the attention of many interested buyers toward your home. The next thing you know, you will have an offer and your house will be sold.fbcoverTerryBornitz

Terry’s Blog: Ways To Get You Your Dream Home

No Comments »

Ways To Get You Your Dream Home
20121102_100341
Buying a home can be very overwhelming for first time buyers and experienced one as well. It is important that you are knowledgeable in the field of home buying before you even begin the process. The following article is meant to help you learn information that may assist you in getting a home.

Knowing what you can afford in monthly payments is very important when considering a real estate purchase. If you have a maximum monthly payment amount that you feel comfortable with, then you will eliminate the possibility of making yourself “house poor”, meaning that all of your income goes towards your housing payment, leaving you little extra money for fun or entertainment.

When buying a home, get pre-approved. Don’t think that being pre-qualified means the same as pre-approved. If you have been pre-approved, it means that a lender has taken a look at your credit history and financial information and is prepared to offer you a loan. They will let you know exactly what you can afford to buy and how much they are prepared to loan you. Pre-qualified, simply means that you are qualified to go through the pre-approval process.

If you’ve dreamed of having a vacation home, now is the time to buy. Home prices have plummeted in popular vacation destinations like Florida, Las Vegas, and California, and so have interest rates. It sounds risky, sure, but as it’s said, you have to spend money to make money; and you can easily rent out your second house while you’re not using it. It’s definitely a buyer’s market out there.

As was stated in the beginning of this article, both first time home buyers and experienced ones may feel overwhelmed when getting their first home. That is why it is important you are given important information about the process before it even begins. Use the tips given to you in this article to help you in your journey!fbcoverTerryBornitz

Places With Sharp Price Increases, Relatively Low Incomes

No Comments »

Bedford-Stuyvesant

Zip code 11216 in the Bedford-Stuyvesant neighborhood of Brooklyn has a spectacular stock of stately brownstones. The buildings — long ago sliced into apartments, but easily restored as grand townhomes again — composed the last major collection of brownstones in the borough that hadn’t yet been gentrified going into this housing cycle in the early part of the last decade.

“So there was a huge feeding frenzy for them,” said Stephen Smith, a New York writer behind the Market Urbanism blog.

Since 2004, single-family home values in the ZIP code have risen by 194 percent; they’ve almost tripled in barely a decade. That’s the single biggest gain of any ZIP code among the 300 largest metro areas in the country, according to a new Washington Post analysis of how home values have changed across the United States during the bubble, bust and recovery.

ZIP code 11216 looks a bit odd in the data. It now has a median single-family home value of more than $1 million. But the median income according to the most recent five-year American Community Survey data only is about $44,000 — certainly not what you’d need to buy such a place.

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 Badger
See the Full Story at the Rocky Mountain Telegram.

Click here for gay realtors, mortgage lenders, and other real estate professionals in New York

Terry’s Blog: Tips To Help You Sell Your House

No Comments »

Tips To Help You Sell Your House
20121102_100341
Selling a home in this down economy can seem like a losing battle, but it doesn’t have to be. Take the advice that’s been put together here for you and you might be surprised just how easy selling your property can be, even when the conditions aren’t ideal.

When selling a home, it is important to make the space feel as open and clean as possible. Take extra pieces of furniture and personal belongings that you don’t need on a daily basis to storage and re-arrange what is left to make the home feel open.

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.

When you are selling your home and working on the outside to add nice curb appeal take a look at your front door. A nice front door can go a long way in making the outside of your house look nice. Choose a bright or contrasting color so that it doesn’t match your house. Red looks good with green hues and blue goes well with orange hues.

Real estate agents across the country are reporting the rise in requests for homes with garden ponds. Consider adding this to the front lawn area, or tucked away in the back garden. They are a peaceful retreat as well as a draw for local wildlife. The avid outdoor person will love the idea of deer in their front or back yard.

With a little bit of creative ingenuity and a lot of great tips and advice, you can sell your home even in this economy. Hopefully this article has given you the confidence to know that you can do it and to go forward with the sale of your property.fbcoverTerryBornitz

Bill Ruegge, Gay Palm Springs Real Estate Agent

No Comments »

Bill Ruegge, Gay Palm Springs 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:

Diligent, hard working and honest best describe me as a person and an agent.

The desert is best known for its architecturally significant homes, night life, shopping, golf and much more.

See Bill’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Palm Springs

Terry’s Blog: Read These Handy Tips If You Are Thinking About Buying Real Estate

No Comments »

Read These Handy Tips If You Are Thinking About Buying Real Estate
20121102_100341
You are looking for a house to buy. Whether this is your first house, a larger house for a growing family, or your retirement home, your excitement is tempered by a bit of anxiety. So much depends on this decision. The following tips are presented to help you find the house of your dreams.

When renting a piece of real estate, make sure to take photos of the condition of the property before or on the same day you get the keys. You will need these if here is ever a dispute about damage you may or may not have caused. Pictures are a much better option than just a written description.

If you’re considering buying a house in a new neighborhood, don’t just take the real estate agent’s description of the area. Find out about crime levels from the local police department, pick up the local newspaper and visit the local grocery store. You can find out a lot about the local area by doing these three things.

First-time home buyers should consider not only the home they’re looking at, but also the neighborhood. What are the schools in your new neighborhood like? How convenient are shopping and entertainment sites? Questions like this are important to ask so you can establish or maintain a lifestyle that works for you.

Make sure that you get all of the closing documents ahead of time. Going into closing blind can lead to a very long meeting as well as oversights. Read the documents thoroughly ahead of time and ask any questions prior to closing. This will make for a much smoother transaction on the day you go in to sign.

This decision is not so intimidating now that you can approach it with so much knowledge in hand. You are armed against the foibles of an impulsive decision that could cost you dearly in the long run. You are ready to diligently check out everything about this house, from cellar to roof. May the house you choose be a place of joy for many years!fbcoverTerryBornitz

The Strange Is Gone From San Francisco

No Comments »

San Francisco

As I walk into the homey Inner Richmond apartment of Vetiver singer Andy Cabic three days before Christmas, the first thing I notice are the boxes lining the walls — an all too familiar sight in San Francisco these days. When asked about the changes the city has faced over the last five or so years, Cabic sighs and looks out the kitchen window toward the Presidio, a view that he soon would no longer be able to enjoy. “Artists would not be able to live here if it wasn’t for rent control,” he says. By New Year’s Eve, his apartment building will change ownership and Cabic will be forced to say goodbye to the railroad-style apartment where he and his partner Alissa have lived for more than a decade. Everything was still uncertain when I spoke with him, echoing a refrain that the displaced San Francisco band Two Gallants used as the title of their 2015 piano ballad, “There’s So Much I Don’t Know.”

This scenario has gone from regular occurrence to cliche; evictions in the Bay Area have become the norm when they were once the exception. As rents have risen to the highest in the country — skyrocketing well past New York City, according to Zumper’s National Rent Report from May 2016 — it has become increasingly expensive to live in San Francisco. The creative class has been hit hard, getting pushed to the outskirts of the city — most notably, the far western suburban Outer Sunset and southern Excelsior neighborhoods, both a considerable distance away from downtown. Many have crossed the San Francisco Bay to Oakland, where rents have been rising at an equal or faster rate over the past few years, now cracking the list of top-five most expensive cities in America. As a result of rent increases, Oakland has lost a quarter of its African-American population in the past decade alone. Many people have left the Bay Area altogether, journeying south to Los Angeles, north to Portland, or in some cases, across the country to New York.

It’s easy to focus on how the city itself has changed (just walk down the tree-lined and wine-bar-littered Valencia Street in the Mission), but hyper-gentrification has manifested itself in more subtle ways, cutting deep into the psyche of many musicians who once called the area home.

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 Steven Edelstone
See the Full Story at Spin

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

Terry’s Blog: Common Answers To Home Mortgage Questions

No Comments »

Common Answers To Home Mortgage Questions
20121102_100341
Shopping around for a home mortgage can be a daunting task. It becomes even more tricky when you have no clue about home mortgages. Everyone would love to get their dream home, and thankfully there are many articles out there such as the one below that have great tips about what is needed when you shop for a home mortgage. Keep reading and find out!

Prepare your paperwork before applying for a mortgage. There are many items that a lender will require. These items include the last two or three years worth of tax returns, copies of each of your monthly credit card statements and installment loans. Three months bank statements and two months worth of pay stubs are also needed for approval.

Put all of your paperwork together before visiting a lender. Some of the paperwork you’ll need includes your recent pay stubs, tax forms and bank statements. If you already have these together, the process will be smooth sailing.

What do you do if the appraisal does not reflect the sales price? There are limited options; however, don’t give up hope. You can dispute the appraisal and ask for a second opinion; however, you will need to pay for the appraisal out of your pocket at the time of the appraisal.

You may wish to refinance without closing costs. You do not always need to spend your money to save money when you refinance. Many lenders will offer mortgages that have no closing costs. Lenders make up for these costs by charging you an interest rate that’s slightly higher. This slight increase sometimes translates into some extra dollars in your monthly payment, but you can save thousands in your closing costs.

Now you see how simple it is to prepare to get approved for a home mortgage. Anyone can get approved if they follow the simple steps that were laid out in this article. Don’t get discouraged, keep doing what you need to do in order to not get turned down for a home mortgage.fbcoverTerryBornitz