real estate

How is a home valued?

How is a home valued?

The reasons why the valuation of a home is necessary are varied: knowing the price for its sale, liquidations of community of property, inheritances, requests for mortgage loans, refinancing or other loans in which the property serves as collateral, etc. Although in a few cases it is not mandatory to resort to certified or authorized professionals, the truth is that, without their presence in the appraisal process, the margin of error grows considerably and can cause serious economic losses to the owners. The fact of valuing something implies carrying out an appraisal To value the price of movable and immovable property it…
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9 Closing Steps in a New Home

9 Closing Steps in a New Home

You have made an offer for a home and the seller has accepted it. Now what? Next, you close in your new home. But this part of the home buying process can be a source of major headaches for many buyers. It is a complex process that involves a series of steps before the triumphant moment when you receive the keys to your new place. Let's take a look at the main steps involved in the closing process, also known as "custody" or "liquidation," depending on your location, so that when you get to that important moment, you'll be prepared. If you're…
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Tips on how to negotiate with your builder the price and improvements of a new home

Tips on how to negotiate with your builder the price and improvements of a new home

So he has decided to buy a new house and is researching all the new constructions in his favorite places. Or maybe you've already selected the neighborhood where you've decided to live, but haven't closed the purchase yet. Regardless, you'll want to get the best possible price for your new home. Some factors that influence prices include the following: location, cost of land, cost of building materials, labor costs, real estate market conditions and utility provision costs. When it comes to a resale home you have to deal with the seller's emotional attachment to the home. Fortunately, the latter is…
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Government Real Estate Loan Programs for First Homebuyers

Government Real Estate Loan Programs for First Homebuyers

First-time homebuyers face several challenges when looking for a new home. They may not have an established credit history or may not have enough money to make the down payment that would qualify them for a traditional mortgage loan or the debt-to-income ratio may be too high to qualify for a traditional mortgage loan. What many early homebuyers don't know is that there are alternatives to traditional mortgage loans. Government grants and loan programs and even some financing options have helped millions of avid buyers become first-time homeowners. Here's a look at some of the biggest programs and how you can take advantage…
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Buy a home. Where to start?

Buy a home. Where to start?

One of the most important decisions in a person's life is the acquisition of a home ownership. When that moment comes, innumerable doubts arise as a result of not knowing the functioning of the real estate market. Where do I start? What is the first step I should take? This post will give you the answer to these and other questions. Steps to buy a home Identify your needs There are many questions you should ask yourself before you start searching: Will I live alone or as a couple? Do I prefer a house in the city center or on…
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Useful Tips for Buying a New Condo Home

Useful Tips for Buying a New Condo Home

Condo homes are a great option for first-time homebuyers and active adults looking for a smaller home. A condominium home is a single-family home that is part of a larger housing complex with shared spaces. When you buy a condo home, you don't own the land and there is a homeowners association (HOA) that manages everything. There are many benefits to owning a condo home. There is no garden to take care of, it costs less than a comparable single-family home, several additional services are often included (such as swimming pool, gym, covered or reserved parking, etc.) and there is a community…
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How to buy a rental property?

How to buy a rental property?

One Rental property can be a fantastic and rewarding investment both financially and personally; But there are aspects to consider, for Supposed. From choosing a profitable property to acting as a landlord, the Rental investment comes with its own risks and responsibilities. Even though Risks / rewards can be expected There are many unexpected situations that one will face as owner. From rebellious and illegal tenants to infestations of bed bugs and replacing an air conditioner that you can't allow yourself, your responsibility in dealing with each problem or situation should be decisive and immediate to avoid lawsuits or tenants that destroy…
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Is 2022 the year of green mortgages?

Is 2022 the year of green mortgages?

Climate change and biodiversity loss are of increasing concern. According to UNESCO's World in 2030 report, 67% of the world's population considers these to be two of the most important challenges facing humans in the coming years. The level of awareness on both issues is very similar in our country. 65% of Spaniards are willing to change their consumption habits if it benefits the environment (according to the Sustainable consumer spending survey by ING TFI Consumer Research). And one of the ways to fight climate change is by improving the energy conditions of buildings. The growing interest in sustainable housing has increased…
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How to Complete the New Home Buying Process Remotely

How to Complete the New Home Buying Process Remotely

When you can't be physically present for your home purchase, such as buying a place long distance, it's still possible to get to the finish line and buy your new home remotely. Thank you to technology like Skype and Zoom for virtual meetings, Facetime and Google Duo for face-to-face chats, DocuSign and Other portals for the secure exchange of vital information, the whole process From home purchase, from purchase to signature, can be handled from anywhere. If your new home is almost complete, it's time to get into Contact numerous professionals to make sure you can close the deal on time and move as planned. Stay…
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Understanding Your New Home Purchase Agreement

Understanding Your New Home Purchase Agreement

Before you are handed the keys to your dream house, you will have to sign on the last line, putting your initials here and there on a large number of documents. One of the most important? The contract of sale of new housing. But before you affix your signature to this stack of papers, it's critical that you truly understand this very important document. To help you figure it out, we spoke with two experts: real estate agent and co-founder of Home Value Leads, Brian Rayl of Dallas, Texas, and broker Dianne Langston of Quality Real Estate Services in Fairfield,…
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Do I have enough savings to buy a home?

Do I have enough savings to buy a home?

It is possible that after the fateful year 2020 you are thinking about looking for a home to become independent, improve your quality of life or finally become the owner of your home. In any of these cases before starting the search for your ideal home it is important to make a segmentation appropriate to your personal and professional profile. This will take you directly to visit properties that fit your characteristics with the consequent gain of time. Is it necessary to have savings to get mortgage financing? What is the amount of equity that banks require to start talking?…
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Louisiana Closing Cost Guide 2021

Louisiana Closing Cost Guide 2021

With its world-renowned Creole cuisine, live music and incredible festivals, and stunning scenery from the southern swamp to rolling hills in the north, it's hard to beat life in Louisiana. If you're a homebuyer putting down roots in Pelican State, make sure you're saving not only for your new home down payment, but also for closing costs. While saving on the down payment is at the forefront of homebuyers' minds, closing costs are what often fall by the wayside. A 2017 survey found that 35 percent of Americans are surprised by how expensive they are. Another 17 percent didn't even…
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New home buyer profiles in 2021

New home buyer profiles in 2021

The Covid-19 pandemic has been a turning point for all economic sectors, including real estate. Although the impact of the health crisis has not been so serious in this, it has influenced issues such as the profile of the buyer or the type of housing that is most demanded now. According to Solvia's latest residential report, which has been echoed by the Idealista.com portal, in the new construction market the buyer profile has changed. We tell you who the new housing seekers are. Young couples, private investors and elderly claimants The search for new homes has increased significantly. The reason is that…
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Real estate opportunities in summer, do not miss them!

Real estate opportunities in summer, do not miss them!

The summer season is synonymous with rest and tranquility, two factors that positively influence when we are looking for the house of our dreams. To find the best real estate opportunities it is necessary to have free time that allows us to know the market in depth and reflect on what is best for us. In this article we tell you what advantages it has to buy a home in summer. Don't miss your chance. Take advantage of this summer to buy the perfect home Summer is always a good time to buy a home but this year it seems that…
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Difference between the appraisal of a home and its valuation

Difference between the appraisal of a home and its valuation

Despite being different concepts, it is common for there to be confusion between the appraisal and the valuation of a property. Whether we want to apply for a mortgage or if we want to sell our house, it is necessary to know what each term means to avoid confusion and know at all times what we are asking for. The legal nature of each makes the difference The main difference between a real estate appraisal and a valuation is the legal nature of the former. Although with both we can know approximately how much a home is worth, only with the appraisal we obtain a…
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Is buying a property as an investment profitable at the present time?

Is buying a property as an investment profitable at the present time?

Taking into account the low values of the Euribor, many are those who resort to alternative sources of investment to obtain profitability. The real estate sector is undoubtedly one of them. If you have savings or have liquidity, buying a property can be a good option to recover the investment and get recurring income. Is the real estate sector profitable today? The pandemic has caused the real estate market to fall in terms of rates and prices, making it an excellent time to invest. According to the latest forecasts, this trend in the sector will continue until at least the end of the…
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Kansas Closing Cost Guide 2021

Kansas Closing Cost Guide 2021

You've earned a competitive interest rate on a mortgage, saved for the down payment, and are ready to call Kansas home. But there's one more expense to consider: closing costs. Closing costs encompass all administrative and legal services you will need to pay for before you receive the keys to your new home. For convenience, you pay these costs in a lump sum on closing day and typically amount to 2 percent to 5 percent of the home's purchase price. Closing costs are paid along with your down payment. If you're buying a new home in Kansas, NewHomes here has put together…
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6 Requirements for a mortgage without entry

6 Requirements for a mortgage without entry

A mortgage without entry is one that we request from the bank and covers 100% of the purchase and sale amount of the house. Prior to the bursting of the real estate bubble in 2008, theywere known as 100% Mortgages, since in addition to the amount of financing they also covered the expenses associated with that mortgage. After this crisis and due to the large number of non-performing loans, banks stopped marketing them. Is it possible today to get a mortgage without an entry? What is a mortgage without entry? As we explained at the beginning of this article, a…
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