October 2018

Found 5 blog entries for October 2018.

Good Reasons to Obtain an Updated Property SurveyBuying a home is complicated with a lot of moving parts. In addition to the purchase and sale agreement, there are inspections, appraisals and very often surveys. A home survey lets a home buyer know for sure where the boundary lines are for their property. But beyond that, what are the other details of a home survey?

Types of Surveys

There are actually several different survey types, each with a specific purpose. While commercial property surveys may be more comprehensive and detailed, a survey is always a good idea when buying both raw land or a home, or prior to building. Some of the various types of surveys include:

  • ALTA/NSPS Survey: The initials stand for American Land Title Association and National Society of Professional
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Deferred Maintenance: What Is it?When looking for a new home to buy, one of the things that may come up during the search is deferred maintenance. When a home has deferred maintenance, it can have a big impact on the homeowner. But just what is deferred maintenance? This guide will explain what deferred maintenance, and what it means for buyers and sellers alike when dealing with a home that has it.

What Is Deferred Maintenance?

Deferred maintenance on a home is exactly what it sounds like: when a homeowner continually postpones necessary repairs, resulting in the home to fall into disrepair. This is often done in order to save money, stay underbudget, or simply because they can’t afford to have their home repaired. Examples of deferred maintenance include things like: 

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    Home Addition Information For HomeownersThe decision to add on to a home is usually not made easily. Homeowners in The Ridges of Summerlin have many factors to weigh when they're trying to decide if a home addition is right for them. Knowing what usually leads people to get a home addition, how a home addition can improve property value, and what to expect during the construction process can help homeowners decide if they would like to proceed.

    For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.

    Reasons Why Homeowners Get Additions

    There can be many reasons why a homeowner will eventually decide to get an addition. Some of the most common reasons for bedroom or master suite additions

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    Jumbo Loans: Everything You Need to KnowFor home buyers who want to buy a property with a big price tag, jumbo loans are a clear path to securing a mortgage. Most often, jumbo loans are necessary to buy luxury property. However, in high cost of living areas, jumbo loans may be required to purchase modest homes as well. Either way, a home buyer who wants to take out a loan that is higher than the conforming loan limit must do so with a jumbo loan. Knowing the difference between a jumbo loan and other types of loans can help you get a loan for the house you want to buy.

    For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

    What Is the Conforming Loan Limit?

    In most cases, the conforming loan limit

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    How to Spot the Signs of a Housing BubbleIt's not always clear to buyers and sellers when they're in the middle of a housing bubble. This is because their perspectives can be compromised by the sheer weight of the numbers in front of them. Plus, certain markets, such as San Francisco or Los Angeles, have proven that prices can continue to rise for years at a time—even as experts say that the good times won't last much longer. However, Roma Hills new home buyers can look for specific signs to see if their dream home is located inside a ready-to-burst bubble.

    For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.

    Home Prices Outweigh Salaries

    If people in a neighborhood are making relatively modest

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