Relocation Tips

Sometimes when one is moving, it is not because you want to move for the location, rather it’s for a job. How do you know if the stress of moving will be worth it? Here are some tips to keep in mind if you are considering relocating for a job.
One thing to look out for is if the employer will offer you temporary housing, as most times a job wants you there faster than your family can get there. Will the employer cover this temporary housing, or at least help you find somewhere to live until you can find a new home?

Once a job has been offered, make sure to ask about your family needs as well. Will your employer help with finding adequate childcare, or senior care if you have an elderly relative staying with you? What about your pets, who will help care for them in the meantime? It is also important to look at schools in the area as well as day care centers too.

Another important thing to consider is the commute to work. You may find a house you fall in love with, and then once you being to commute to work, find that the journey is unbearable. Make sure to ask your employer about various types of commutes you can take in order to get to work, and the traffic as well.

Find out if your employer will compensate you. Some people want to give their best candidates an incentive for moving out to their location. Find out if this particular employer will help you move and compensate your for your travels. Find out what relocation monetary assistance the employer offers and what this entails. It is important to see what they will help pay for such as temporary housing or moving costs. Some companies will have relocation specialists help work with you and find appropriate locations for you and your family to move too. A good employer will help make this gigantic move as stress-free as possible.

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Things to consider

Sometimes you may wonder to yourself if it is better to buy a house or just build one yourself. When considering this, there are a few things to keep in mind.

The most important thing to consider, is if you can afford it! Consider the construction costs of building a house. Take into consideration the lumber cost, if the land plot needs additional surveying and ensure you have wiggle room if need be. You can never predict everything that could happen.

Do you have time to wait for the house to be built? This process is a very lengthy one. This can take around 6 to even 18 months to build, depending on how complicated your house is. If this is too long, buying an already built house may be your best bet.

Can your relationship take the stress? Sometimes there are many decisions you must make with your partner in order to finish building the house. If you two don’t agree, this process will become even more stressful and long.

Is this a longtime place you will live? If you don’t plan on staying in the house for very long, it may not be worth it. After waiting so long for a house to be built, only to move shortly after may backfire. You may become emotionally attached to the house or just so exhausted you do not want to move anywhere else.

One more thing to take into consideration, what do you need for this house and what do you want? These are two very different things, and is something you must be able to make sacrifices for. Building a house can be expensive, so make sure you build what you can afford and need.

Reverse Mortgage

If you are considering taking out a reverse mortgage, make sure to keep certain things in mind before doing so. You will want to ensure you are making the right decision for you.

If you learned about a reverse mortgage via the TV, keep an open mind. TV commercials tend to keep certain things out. There are alot of extra fees involved such as closing costs. This include the appraisal fee as well as the origination fee. Other extra expenses include mortgage insurance and taxes as well. Make sure you add up all these other expenses and insure that this is something you are able to do and are comfortable paying.

You will also want to find out if your spouse owns the house. You may have just forgotten to put the house in both of your names, however this step is crucial. You will want to make sure this is done. This is because if the person who owns the house passes away, then you now must pay back the loan on the house. If this cannot be done, then you lose the house. Double check this, this is a crucial step!

If choosing a reverse mortgage, then this should be as a last resort, not as a first resort. If you are able to find your retirement in other various ways, then a reverse mortgage is not for you. If you do not have alot of money, but do have equity on your house, then this may be the best option for you. Consider maybe selling the home, moving to a cheaper home and paying off your debts. You also would no be able to pass on your house to your children should you do a reverse mortgage. With all this mind, be sure to make the best decision for you.

How to be approved for a loan

Buying a house is obviously a stressful process, so learning the best way to qualify for a mortgage loan now will help you later down the road!

The best way to start is to know you credit score. It only takes a few minutes to do so and is quite an easy process. Some homeowners never end up doing this and then only realize their score is too low when they are already rejected for a loan. If your score is below 680, lenders are allowed to deny your request, so make sure you know what your score is before applying!

Make sure to save up your cash. Many Mortgage lenders require a down payment, so if you are unable to fork up any cash, be prepared to be rejected! Each down payment differs depending on the type of loan and lender you are working with. Keep in mind that this is not the only expensive you will need to be able to cover. There are also closing costs, home inspections, appraisals, title searched, and application fees to cover as well!

Also make sure to not quite your job during this process! This is a crucial step, because any changes to your employment or income can delay or even stop your mortgage approval process!

Another good tip is to start paying down your debt and avoid stacking up any additional debt. Before being approved for a mortgage, lenders evaluate your debt to income ration, so if you have alot of debt, you can be denied for a lower mortgage or denied all together! Don’t let your guard down once you are approved, lenders will re-check your credit before closing as well.

Getting pre-approved for a mortgage loan is a very responsible choice. This way you know what you can and cannot afford before you start looking. All you need to do is contact a mortgage lender and submit your financial and personal information and wait for a response. This way, you know what your budget will be. By following these simple steps, you can make the house buying process slightly less stressful!

Things to do before moving in

Finally, after searching for so long, you have finally found the house you want have bought it! Now what? Moving in can be quite stressful, so follow the tips before and your move in should be as pain free as possible.

Make sure to connect your internet! Getting an appointment to do this can take up to three weeks, as service providers are very busy! It can be quite inconvenient to be without internet for so long, so plan accordingly! Make sure to connect your energy in your new home, but in your name! All you need to do is to call your energy provider, give them you information and they will switch the energy over to you. This will ensure that the previous tenants aren’t charged for your energy consumption.

If you are moving with children, pets or both, then you will need to make sure you have a plan for them on move in day. Have someone watch over them, so you can focus on organizing the house. Once moved in, you will need to make sure everyone knows your new address so people are able to get into contact with you. Make sure to notify your friends, family and relatives as well as any business that may need to know this new information as well. This should be done as soon as possible, because you cannot always rely on the new tenants of your old home to forward your mail. Make sure to let the post office know of your address change.

A good idea to do in a new home is to have an “un-packing” box. This box should contain keys, tools to construct furniture, any loose screws from your furniture from your old home, scissors, tape and anything else you think you may need. You will definitely want to make sure to contact your insurance provider to ensure you are covered for the duration of your move. This way you can make sure that while you are in between houses, and don’t really live at either one, you are still covered during this time. As soon as you have the keys to your new home, make spares!! Moving days can be stressful and so it would be very easy to loose the one key you have that would give you access to the house. By following these rules, move in day can be just a little less stressful!

For Sale by Owner

Usually buying a house entails buying it through a listing agent, but sometimes the homeowners themselves will list their house. So why would people do this? The main reason is to save money. To prepare yourself to sell your own home, there are a few things you need to do. The first thing is to make sure the outside of your house looks well taken care of and pruned!
The next thing to do is to price your home. You can do this by hiring an appraisal professional, but if you want to save this money, you can do it yourself. This can be done by seeing what other homes that have similarities to your house have been listed for.
Next, you need to ensure you take good photos of your house. Most people shop for houses online, so you will want to make sure you have very eye-catching photos listed. This means they need to be taken with a high-definition camera as well as natural lighting. Time it to where you have the best natural light coming into your house. This will make your house look more appealing to others.
A detailed listing is also a must. The listing needs to stand alone, and draw people in. You can brainstorm ideas by looking at other house listing and see what attract you. If this attracts you, it will most likely attract others.
Once the listing is up, being available is vital. Potential buyers need to see your house, and if you are the one selling it, you are the one everyone will have to go through. A potential buyer should always be able to reach you, whether this is through e-mail, phone or in person. You need to engage these potential buyers and try to convince the to come see your house. Be prepared to work with a potential arrangements for showing the home. If this buyer is coming with their own agent, you’ll most likely have to leave the house during this time.
After all this, you’re not done yet! You’ll still need to know what to do during a closing too. This can be a pretty complex process that entails lots of paperwork. You have to stay on top of this, and to also make sure the buyer is doing the same thing. Selling your home yourself is pretty hard, however it is possible if you put in the time and effort!

HOAs

When moving into a neighborhood, you may be wondering about the dreaded HOA fees in the back of your head. Well fear not, because this post will tell you all you need to know about HOA fees!

The first and most important thing to do when it comes to HOAs is to research and do your homework! Home owner associations manages the common area and amenities of the neighborhood There are certain documents that have all the HOA information that you should be sure to read before making a decision of moving in. One of the documents is the covenants, conditions and restrictions. This is what all the homeowners in the neighborhood must abide by. These rules can limit you on many things such as maintenance or number of pets.

The HOA budget and financial statements are also very important as well. The budget should include operating expenses, salaries and utilities. Thus, if the budget is small, then you may have to spend extra money or have your dues increase. When you join an HOA, you gain access to their amenities, and this is sometimes what makes it worth it to some people. This is because you are able to enjoy things you would not be able to otherwise such as pools, gyms or tennis courts.

So in short, you need to ensure you do your homework so you won’t be surprised come move in day. Many feel that HOAs and the rules that come with it can be very limiting. Research what these rules are and see if this is something you can or cannot live with.

Lowering Property Tax

With the many things that one needs to remember and consider when buying a house, one things that can be pretty overwhelming is property tax. These taxes can continue even if the mortgage is paid off! Well fear not, read further and you can find out a few tips on how to lessen your property tax.

One thing you can do, which most people do not realize, is to request a copy of your property tax card from the local assessor’s office. This card will inform the homeowner about the tax history of the house. It will let you know the size of the lot, dimensions of the room, the number and types of fixtures in the home and it will include any upgrades that have been done. If there are any discrepancies, then you can tell the tax assessors and have a re-evaluation done.

Any changes structurally to your home will, in the end, increase your tax bill. So, when you are considering adding a new addition to the house, make sure to research how much this will affect your tax payments so you will be prepared. Your local tax department should be able to help you with this.

Unfortunately, tax assessors have a certain amount of subjectivity when it comes to assessing a home. But more often than not, more attractive homes receive a higher assessment. In a nutshell, your property is being compared to your neighbor’s and the urge to improve your property is strong, and this may cost you alot more in the end. Try not to make any cosmetic improvements to your house until after the assessment has been done!

Since you are able to look your own property tax card, this means you can also look at other property tax cards as well. This means you can review other homes and compare and contrast your own home. This can lead to finding mistakes that in the end can lower your own property tax!

When the assessment of your house is being done, don’t let the assessor wander around your home unattended. More often than not, the assessor will only see the new and improved features of the house, and not the things that are out of date. By walking with them, you can point of the old and new things in your home to ensure you receive the fairest evaluation possible.

This all may sound a little overwhelming and impossible. But just make sure to do your homework and due diligence to ensure you are receiving the fairest property tax you can!

Mortgage Lender

When house hunting, there are a lot of different decisions that you need to make. One of the most important and critical decisions you will make would be choosing which lender to work with. There are tons of lenders out there, ready to accept your loan application, however just because they will accept it does not mean they are looking out for your best interest. Since you will be the one left with this mortgage for many years down the road, it is important to find a lender for your specific needs.

There are many benefits of working with a broker, a broker can save you a lot of time by doing a large portion of the work, when it relates to finding lenders. However, keep in mind some of the drawbacks of this. Brokers are able to earn their profits by making deals between you and the lender. The wrong match, could give the broker a high profit, but not the right mortgage for you. So make sure that you do your homework and research as well to make sure that you are getting the best deal for you!

You will also need to find out what type of lender you desire. Do you want to work with a large company, or a small company? Would you want the lender to actually remember your name? This means you might want to go towards a small lender. However, if you want the best interest rate, then a large lender might be a better option. Research, research research!

A broker is not the only way to find a lender. You can also ask friends, family or coworkers and ask about their experience. At least this way, you are asking people you trust and will have your best interest in mind.

Another great option is to ask your real estate agent. A good agent will not limit their recommendations to just their in-house lenders. Use this to your advantage and ensure that the lender you work with is also recommended by your real estate agent as well.

When hearing about a lender, whether this is recommended by a family member or real estate agent, it is important to do a background check as well. Find out what their past clients though of them, and check out the online reviews as well. Try to learn as much as you can, so that you can avoid disasters down the road. This might seem very intimidating, and scary, but just ensure that you are doing as much research as you can to make the right choice for you!

Lofts

There are many different options of living spaces people can move into, and one of these options is lofts! So what’s so great about lofts and how do you move into one? Let’s find out!

One great tip to keep in mind when loft searching is to ensure you bring a loft specialist with you during your first viewing. Actually, sellers usually require this, and in the long run the agent will be representing you and your best interest, so what’s not to loose? When placing a bid on a loft, you want to try your best to ensure you place your highest and best offer on the very first day of listing. Prices are negotiable and it is always possible to ask the seller to cover some expenses such as closing costs. If you bid too much then you may loose the offer all together. By waiting to see what other bidders do, you may miss out on the loft of your dreams all together.

Most real estate purchases include delays and unexpected costs. Some transactions fail because of these unexpected costs or some people cannot obtain the right finances. But, if you work with a lender this can be avoided! By working with a lender that is experienced with lofts, they know exactly what they are doing. When working a experienced loft lender, you will want to make sure you ask them certain questions. You will want to ensure you are prepared for any delays that may happen, such as allowing extra time for moving or unexpected costs. Make sure that the seller has carbon monoxide detectors installed, and ensure that you know the HOA fees. HOA’s often require a move in and out fee as well as a security deposit. Lastly ensure that the electricity is turned on when you move in. Often times, electricity is turned off before or right after a purchase is made.