Tag Archives: Real estate

5 Tips To Get Rid Of Clutter Around The House

Happy New Years to everyone in the Central Coast! We at Valley Hills Realty have had a great start to 2017 and we hope that you have too. This year will bring many changes to you and family around you and one of those changes may be in the comfort of your own home. One way to make your home more comfortable is to get rid of clutter. Here are 5 ways to bring down clutter around your house.

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Follow these tips for easy and quick ways to de-clutter your home.

1.  Adding shelves: The addition of shelves in your home will not only create space but also give your home a different feel. Get rid of stuff that is lying around on the floor and place them on shelves to give you more floor space.

2. Garage storage: Make your garage your main storage area. Yes you can have multiple uses for the garage but if you set it as your primary storage area, you will have more space in your home.

3. Getting rid of broken items: It may be hard to get rid of some precious stuff in your house but if the item is broken or un-useable, then why keep it? They just take up space around your home so get rid of them to get your space back.

4. Placing stuff in drawers: If you have extra drawers around the house, you can use those drawers to create more space. By neatly organizing in drawers, one can get rid of clutter that is simply lying around.

5. Reorganize one room at a time: By taking it one room at a time, it will seem much less stressful when reorganizing. Take it easy and calm.

By going through these steps on a monthly basis, you will experience a home that is much more livable than before with more space and room to mingle in.

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The Differences Between a Home Appraisal and Inspection

When purchasing a home there are many things that can be overlooked. A thing that one must keep in mind when buying a house, especially for first-time home buyers, is the differences between an Appraisal and an Inspection. A Home Appraisal and a Home Inspection are reports based on the inspection of a home but they each have different requirements or elements to them. An appraisal is used to determine the market value of a home and is required by the mortgage lender. An inspection is a more detailed evaluation of the home usually requested by the home buyer and is not required by the lender.

When a home buyer needs to borrow money, known as a mortgage, the lender will require an appraisal of the home to provide a more accurate estimate of the home’s value.  Home appraisals are usually short and do not take much time. The real estate appraiser will assess the actual home as well as provide a comparison of homes that have been sold in the same neighborhood, usually within the last year.

Home inspections are more detailed and are requested by the home buyer since they are not required for the home seller to provide. A home inspector will evaluate the details of the home like the AC, plumbing, electrical, and other areas alike. Though they are not required, home inspections are strongly recommended so that the buyer has a more accurate depiction of the property that they are buying.

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Buying A Home After Bankruptcy

Buying A Home After Bankruptcy

If you have ever experienced having to go through bankruptcy then you know just how devastating it can be.  One thing that you may be wondering is if you will still be able to attain a home loan.  Also, not to mention the thought of  buying a home after bankruptcy can still be a possibility.

Bankruptcy can make your home mortgage loan approval extremely difficult, but we at Greater Mortgage Solutions can still make it possible to get you approved for a new home loan.  Not to mention bad credit does not last forever and there are loans for bad credit being accepted all the time. These type of lenders are known as Subprime lenders and they are focused on helping individuals with bad credit in attaining the home of their dreams after bankruptcy. Do keep in mind that time does have to pass after bankruptcy typically at least 1-2 years after re-establishing some credit.

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There are an increasing number of people with poor credit who are searching  for home financing. Here are some extremely good ideas to consider after bankruptcy to expedite your approval for a home loan.

Increase your credit rating. By simply making regular payments on time or on a regular basis, the odds of your credit score rising is high. Once your bankruptcy has ended for some time, usually about 2-3 years, you should have an easier time qualifying for a smaller interest rate for a mortgage loan.

Owning an asset. Renting a home may be a simple way of putting a roof over your head, but you are essentially throwing your monthly payments away each month. Financially it is better to buy a home because over time, the value of your home will increase, thus working your way towards owning an asset. After some time of purchasing your dream house you may be able to consolidate any other debt that your bankruptcy might of not included, you can achieve this by attaining an equity loan.

Things To Consider After Bankruptcy

It can be extremely tempting to purchase an new home, vehicle, or to perform renovations after bankruptcy discharge since you have no debt left. Due to the financial relief that you had, you may probably feel like you can afford a larger house payment. Let me tell you that it is not that easy so I have provided some things to consider before you obligate yourself to a new mortgage payment.

The Pre-payment Penalty.  This penalty lasts about 6 months worth of house payments, and usually lasts anywhere from 2-3 years. Upon signing those mortgage documents you need to make those payments on time, on a timely basis.  Making those payments on a timely basis is crucial to prevent you from losing the house. So we suggest to have extra funds available for incidentals that you may need in the future

The Two Year Mark. After 2-3 years from the date of the bankruptcy discharge, mortgage loans will be much easier to attain. With a small down payment, you might even be able to get a mortgage loan without a pre-payment penalty. If you are close to the 2 year mark we advice to wait it and have more mortgage loan options.

Borrowing Too Much. Don’t spend more than you can afford. This mistake tends to be the most common that we usually get into. When deciding to buy a house, purchase one that you know you can afford. Avoid maxing out your credit or living on the edge of your income.

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Gene Perez Your Lender Resource And More

, from Santa Maria, Ca.,  has been helping his clients for the past 20 years with their financial and needs.   If you are looking to buy a home and have been shopping he can help you not only qualify but find that perfect home.   He specializes in VA Home loans , FHA home loans and Conventional home loans give him a call or visit http://geneperez.net and see what he can do for you.

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Do You Know What Is A Lis Pendens ?

I seriously doubt most people know what a Lis Pendens really is or have even heard of it.  It really does not sound like it has anything to do with buying a home or getting qualified for a home loan.  Basically in simple terms it is used by someone that has filed a claim or complaint against the property, usually to stop the sale of a property.   So lets say a property is for sale and the home owner accepts an offer on the property.

When you are buying and selling real estate keep in mind that you are actually hopefully using an agent or some one to represent you.  If that is the case you are using legal contracts.

So lets say the seller accepts an offer and some time next week or so he gets an another offer that is much higher than the one he got.  But he lets all parties know that this is just a back up offer “wink , wink “, except the buyer with the higher offer.

The first buyer is performing as he should and getting everything done as he should.  But little does he know that the seller has trying to sell his home to the second buyer since his offer was much higher.  If the first buyer feels that this may be happening he can file a lis pendens on the property.   Which is just a notice of pending action on it, so no one will record on it as well no title company will issue a title policy on it either.

This is basically a way for someone to protect their interests in the property and keep it from changing hands.  Now your agent will not be able to file this for you unless he practices law as well more than likely you will need to hire one to file it for you.

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