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Have you ever really wanted to do something but at the same time you don't want to? It is a strange feeling.
What do you do when you are on a diet, you really want to eat that chocolate bar (which happens to be the only one for miles) but you see on the label that the chocolate contains fried worms and insect legs? The sensible option would be to walk away from it and say "Yuk!". But, what if you want the chocolate so much that you opt to eat it? What then?
25 Şubat 2013 Pazartesi
When 'friends' hurt you
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It is horrible when people who are supposed to be your friends hurt you.
Actually, two things are the worst; One is when the friend actually set out to hurt you on purpose (pre-meditated hurt) and the other is when no-matter what you do for them, how much time you spend on them, they decide to treat you badly - i.e. they are inconsiderate, take alot but give very little, or are just plain rude.
We have all been there haven't we? You do your best for that person, you help them, you listen to their problems, you are there for them when they need you - and how do they chose to express their gratitude and honour your friendship? Well, they say nasty things to you, ignore all you did for them, are never there when YOU need to talk about your problems and quite honestly behave like absolute tw**s!
This is not friendship.
Actually, two things are the worst; One is when the friend actually set out to hurt you on purpose (pre-meditated hurt) and the other is when no-matter what you do for them, how much time you spend on them, they decide to treat you badly - i.e. they are inconsiderate, take alot but give very little, or are just plain rude.
We have all been there haven't we? You do your best for that person, you help them, you listen to their problems, you are there for them when they need you - and how do they chose to express their gratitude and honour your friendship? Well, they say nasty things to you, ignore all you did for them, are never there when YOU need to talk about your problems and quite honestly behave like absolute tw**s!
This is not friendship.
Why you shouldn't buy a home on leased land
To contact us Click HERE
Photo: haven't the slightest
Did you know you could buy property without owning the land it sits on?
You're familiar with mobile homes, right? They're the most well-known example of a home you can own while paying a monthly fee to rent the ground it sits on.
But you can do the same thing with an actual house, or even a condo. You’ll find different types of leased land properties in different parts of the country. Some leased land communities are retirement or vacation home communities.
How can you identify these properties, which are often disguised in real estate listings?
-The property might have a regular street address but also have a lot number.
-The home might be priced far below similar homes in the area, or be far nicer but priced like an average home.
-The price might be a dream come true given the location, like waterfront property for the price of an inland property.
-The listing might describe the home as being in a planned development or master planned community (though traditional homes can also fit this description).
Sometimes, it may simply appear that the property is governed by a homeowners association (HOA) because the listing might mention the association features you’ll have access to, like a community pool and playground. However, the HOA fees will be sky-high, double or triple the standard HOA rate for your area. That's because part of the HOA fee will go toward community amenities; the rest will cover your land lease fee.
I don't think these arrangements really work out in favor of homeowners, as I discuss in my Mortgage-Calc.com article, Why you shouldn't buy a home on leased land.
There are also lifestyle issues to consider. Land lease communities, like other HOA properties, can have restrictive rules such as how long guests may stay with you or what types and sizes of pets you can own.
Indeed, leased land properties often belong to HOAs. That means you not only need to understand the details of the leased land arrangement, but you should also understand what you’re getting into when you buy a home in an HOA. Learn how they work in my articles, 9 Things You Need to Know About Homeowners Associations and What Living in a Homeowners Association Means.
Photo: haven't the slightestDid you know you could buy property without owning the land it sits on?
You're familiar with mobile homes, right? They're the most well-known example of a home you can own while paying a monthly fee to rent the ground it sits on.
But you can do the same thing with an actual house, or even a condo. You’ll find different types of leased land properties in different parts of the country. Some leased land communities are retirement or vacation home communities.
How can you identify these properties, which are often disguised in real estate listings?
-The property might have a regular street address but also have a lot number.
-The home might be priced far below similar homes in the area, or be far nicer but priced like an average home.
-The price might be a dream come true given the location, like waterfront property for the price of an inland property.
-The listing might describe the home as being in a planned development or master planned community (though traditional homes can also fit this description).
Sometimes, it may simply appear that the property is governed by a homeowners association (HOA) because the listing might mention the association features you’ll have access to, like a community pool and playground. However, the HOA fees will be sky-high, double or triple the standard HOA rate for your area. That's because part of the HOA fee will go toward community amenities; the rest will cover your land lease fee.
I don't think these arrangements really work out in favor of homeowners, as I discuss in my Mortgage-Calc.com article, Why you shouldn't buy a home on leased land.
There are also lifestyle issues to consider. Land lease communities, like other HOA properties, can have restrictive rules such as how long guests may stay with you or what types and sizes of pets you can own.
Indeed, leased land properties often belong to HOAs. That means you not only need to understand the details of the leased land arrangement, but you should also understand what you’re getting into when you buy a home in an HOA. Learn how they work in my articles, 9 Things You Need to Know About Homeowners Associations and What Living in a Homeowners Association Means.
The FHA's 203(k) loan can help you buy a fixer-upper
To contact us Click HERE
Photo: Amy Fontinelle
Here’s a common scenario that homebuyers face when they want to buy fixer-uppers: The buyers need to finance the purchase with a mortgage, but the mortgage lender will only provide funds for homes in good condition.
In today's market, many foreclosed and short-sale homes need major repairs since their owners couldn’t afford basic maintenance. Buyers who would like to earn sweat equity through purchasing and rehabbing such properties are often shut out of the mortgage market.
But the Federal Housing Administration's 203(k) program makes it possible for these types of would-be owner-occupants to get loans for fixer-upper properties (the 203(k) program is not available to investors).
If you're interested, here are a few things you should know about 203(k) loans:
-A seller might be reluctant to accept a purchase offer that’s contingent on FHA 203(k) financing because of the extra time and uncertainty involved in closing these loans.
-The program allows homeowners to do their own rehab work, but it will hold you to professional standards.
-You’ll be allowed a maximum of 6 months to complete the work whether you hire professionals or do it yourself.
-While loan proceeds can only be used to pay for professional labor--not homeowner labor--doing the work yourself could mean a smaller mortgage.
The FHA 203(k) program isn’t for the faint hearted. It takes two of life’s most expensive and stressful transactions--buying a home and doing major renovations--and adds mortgage lenders and government, two of the most difficult institutions to work with, to the mix.
But this loan program can make an otherwise impossible home purchase a reality for determined homebuyers.
For more information about this type of loan, read my Mortgage-Calc.com article, The FHA 203(k) mortgage: Home renovation helper.
Photo: Amy FontinelleHere’s a common scenario that homebuyers face when they want to buy fixer-uppers: The buyers need to finance the purchase with a mortgage, but the mortgage lender will only provide funds for homes in good condition.
In today's market, many foreclosed and short-sale homes need major repairs since their owners couldn’t afford basic maintenance. Buyers who would like to earn sweat equity through purchasing and rehabbing such properties are often shut out of the mortgage market.
But the Federal Housing Administration's 203(k) program makes it possible for these types of would-be owner-occupants to get loans for fixer-upper properties (the 203(k) program is not available to investors).
If you're interested, here are a few things you should know about 203(k) loans:
-A seller might be reluctant to accept a purchase offer that’s contingent on FHA 203(k) financing because of the extra time and uncertainty involved in closing these loans.
-The program allows homeowners to do their own rehab work, but it will hold you to professional standards.
-You’ll be allowed a maximum of 6 months to complete the work whether you hire professionals or do it yourself.
-While loan proceeds can only be used to pay for professional labor--not homeowner labor--doing the work yourself could mean a smaller mortgage.
The FHA 203(k) program isn’t for the faint hearted. It takes two of life’s most expensive and stressful transactions--buying a home and doing major renovations--and adds mortgage lenders and government, two of the most difficult institutions to work with, to the mix.
But this loan program can make an otherwise impossible home purchase a reality for determined homebuyers.
For more information about this type of loan, read my Mortgage-Calc.com article, The FHA 203(k) mortgage: Home renovation helper.
A Broker's Open House Can Help You Sell Your Home
To contact us Click HERE
Photo: PhotoAtelier (Glen)
If you're selling your home, you might want to consider holding a lesser-known type of open house called a broker's open house or broker's preview.
This event gives the selling agent an opportunity to market your home to other agents who might see that your home matches the requirements of a buyer.
Find out how a broker's open house differs from a traditional open house, whether a broker's open house can help you sell your home faster, and more in my Investopedia article, A Broker's Open House Can Help You Sell Your Home.
Photo: PhotoAtelier (Glen) If you're selling your home, you might want to consider holding a lesser-known type of open house called a broker's open house or broker's preview.
This event gives the selling agent an opportunity to market your home to other agents who might see that your home matches the requirements of a buyer.
Find out how a broker's open house differs from a traditional open house, whether a broker's open house can help you sell your home faster, and more in my Investopedia article, A Broker's Open House Can Help You Sell Your Home.
24 Şubat 2013 Pazar
Why you shouldn't buy a home on leased land
To contact us Click HERE
Photo: haven't the slightest
Did you know you could buy property without owning the land it sits on?
You're familiar with mobile homes, right? They're the most well-known example of a home you can own while paying a monthly fee to rent the ground it sits on.
But you can do the same thing with an actual house, or even a condo. You’ll find different types of leased land properties in different parts of the country. Some leased land communities are retirement or vacation home communities.
How can you identify these properties, which are often disguised in real estate listings?
-The property might have a regular street address but also have a lot number.
-The home might be priced far below similar homes in the area, or be far nicer but priced like an average home.
-The price might be a dream come true given the location, like waterfront property for the price of an inland property.
-The listing might describe the home as being in a planned development or master planned community (though traditional homes can also fit this description).
Sometimes, it may simply appear that the property is governed by a homeowners association (HOA) because the listing might mention the association features you’ll have access to, like a community pool and playground. However, the HOA fees will be sky-high, double or triple the standard HOA rate for your area. That's because part of the HOA fee will go toward community amenities; the rest will cover your land lease fee.
I don't think these arrangements really work out in favor of homeowners, as I discuss in my Mortgage-Calc.com article, Why you shouldn't buy a home on leased land.
There are also lifestyle issues to consider. Land lease communities, like other HOA properties, can have restrictive rules such as how long guests may stay with you or what types and sizes of pets you can own.
Indeed, leased land properties often belong to HOAs. That means you not only need to understand the details of the leased land arrangement, but you should also understand what you’re getting into when you buy a home in an HOA. Learn how they work in my articles, 9 Things You Need to Know About Homeowners Associations and What Living in a Homeowners Association Means.
Photo: haven't the slightestDid you know you could buy property without owning the land it sits on?
You're familiar with mobile homes, right? They're the most well-known example of a home you can own while paying a monthly fee to rent the ground it sits on.
But you can do the same thing with an actual house, or even a condo. You’ll find different types of leased land properties in different parts of the country. Some leased land communities are retirement or vacation home communities.
How can you identify these properties, which are often disguised in real estate listings?
-The property might have a regular street address but also have a lot number.
-The home might be priced far below similar homes in the area, or be far nicer but priced like an average home.
-The price might be a dream come true given the location, like waterfront property for the price of an inland property.
-The listing might describe the home as being in a planned development or master planned community (though traditional homes can also fit this description).
Sometimes, it may simply appear that the property is governed by a homeowners association (HOA) because the listing might mention the association features you’ll have access to, like a community pool and playground. However, the HOA fees will be sky-high, double or triple the standard HOA rate for your area. That's because part of the HOA fee will go toward community amenities; the rest will cover your land lease fee.
I don't think these arrangements really work out in favor of homeowners, as I discuss in my Mortgage-Calc.com article, Why you shouldn't buy a home on leased land.
There are also lifestyle issues to consider. Land lease communities, like other HOA properties, can have restrictive rules such as how long guests may stay with you or what types and sizes of pets you can own.
Indeed, leased land properties often belong to HOAs. That means you not only need to understand the details of the leased land arrangement, but you should also understand what you’re getting into when you buy a home in an HOA. Learn how they work in my articles, 9 Things You Need to Know About Homeowners Associations and What Living in a Homeowners Association Means.
The FHA's 203(k) loan can help you buy a fixer-upper
To contact us Click HERE
Photo: Amy Fontinelle
Here’s a common scenario that homebuyers face when they want to buy fixer-uppers: The buyers need to finance the purchase with a mortgage, but the mortgage lender will only provide funds for homes in good condition.
In today's market, many foreclosed and short-sale homes need major repairs since their owners couldn’t afford basic maintenance. Buyers who would like to earn sweat equity through purchasing and rehabbing such properties are often shut out of the mortgage market.
But the Federal Housing Administration's 203(k) program makes it possible for these types of would-be owner-occupants to get loans for fixer-upper properties (the 203(k) program is not available to investors).
If you're interested, here are a few things you should know about 203(k) loans:
-A seller might be reluctant to accept a purchase offer that’s contingent on FHA 203(k) financing because of the extra time and uncertainty involved in closing these loans.
-The program allows homeowners to do their own rehab work, but it will hold you to professional standards.
-You’ll be allowed a maximum of 6 months to complete the work whether you hire professionals or do it yourself.
-While loan proceeds can only be used to pay for professional labor--not homeowner labor--doing the work yourself could mean a smaller mortgage.
The FHA 203(k) program isn’t for the faint hearted. It takes two of life’s most expensive and stressful transactions--buying a home and doing major renovations--and adds mortgage lenders and government, two of the most difficult institutions to work with, to the mix.
But this loan program can make an otherwise impossible home purchase a reality for determined homebuyers.
For more information about this type of loan, read my Mortgage-Calc.com article, The FHA 203(k) mortgage: Home renovation helper.
Photo: Amy FontinelleHere’s a common scenario that homebuyers face when they want to buy fixer-uppers: The buyers need to finance the purchase with a mortgage, but the mortgage lender will only provide funds for homes in good condition.
In today's market, many foreclosed and short-sale homes need major repairs since their owners couldn’t afford basic maintenance. Buyers who would like to earn sweat equity through purchasing and rehabbing such properties are often shut out of the mortgage market.
But the Federal Housing Administration's 203(k) program makes it possible for these types of would-be owner-occupants to get loans for fixer-upper properties (the 203(k) program is not available to investors).
If you're interested, here are a few things you should know about 203(k) loans:
-A seller might be reluctant to accept a purchase offer that’s contingent on FHA 203(k) financing because of the extra time and uncertainty involved in closing these loans.
-The program allows homeowners to do their own rehab work, but it will hold you to professional standards.
-You’ll be allowed a maximum of 6 months to complete the work whether you hire professionals or do it yourself.
-While loan proceeds can only be used to pay for professional labor--not homeowner labor--doing the work yourself could mean a smaller mortgage.
The FHA 203(k) program isn’t for the faint hearted. It takes two of life’s most expensive and stressful transactions--buying a home and doing major renovations--and adds mortgage lenders and government, two of the most difficult institutions to work with, to the mix.
But this loan program can make an otherwise impossible home purchase a reality for determined homebuyers.
For more information about this type of loan, read my Mortgage-Calc.com article, The FHA 203(k) mortgage: Home renovation helper.
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