16
Jul
By Lori Blank
Mortagage Tips

When to Ask for Repairs vs. Taking a Credit

Buying a home is a significant investment, and ensuring the property is in good condition is crucial. There are times when asking the seller for repairs is the best course of action, but in other situations, requesting a credit may be more beneficial. Understanding when to choose each option can help you navigate the buying process more effectively. The Impact of Loan Types on Repairs Certain loan types, such as Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, require the home to meet specific condition standards. If the house doesn’t meet these standards, the loan could be rejected. This…
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12
Jul
By Lori Blank
Real Estate

Understanding the Different Types of Deeds in Real Estate

Buying or selling real estate involves a lot of paperwork, and one of the most critical documents in these transactions is the deed. A deed is a legal document that transfers ownership of property from one party to another. Understanding the different types of deeds is essential to ensure you make informed decisions in your real estate transactions. 1. General Warranty Deed A General Warranty Deed offers the highest level of protection for the buyer. This type of deed guarantees that the seller holds a clear title to the property and has the right to sell it. It also assures…
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11
Jul
By Lori Blank
Around The Home

Roofing Options from Metal and Beyond

When it comes to constructing your house or undertaking home improvement projects, the roof is a crucial component. It's not just about aesthetics; the roof provides essential protection against the elements. Investing both money and time into selecting the right roofing material is vital, and a little extra research can go a long way. The roofing market today offers a plethora of options, each with its own set of advantages, costs, and installation requirements. We will take a look at the benefits of metal roofing and other popular roofing options to help you make an informed decision. Metal Roofing: Strength…
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09
Jul
By Lori Blank
Real Estate

Fire Risk Higher in Multifamily Buildings

Multifamily residential buildings are at a greater risk for fire because they contain more kitchens, furnaces, water heaters, and other elements that can pose opportunities for a fire to start. Fire safety in multifamily housing is influenced by the design of the building, its fire protection features, the quality of materials used in the building's construction, the building's contents, and overall maintenance. A balanced design comprises three elements: detection, suppression, and compartmentation. Detection: Accurate, early warning is the first line of defense. Detectors that respond to light smoke are important. Each dwelling unit should be equipped with detectors in all…
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05
Jul
By Lori Blank
Homebuyer Tips

What Every Homeowner Should Know About HOA Documents

When you purchase a home within a community governed by a Homeowners Association (HOA), you're committing to a unique set of rules and responsibilities. Understanding HOA documents is crucial to ensure you’re fully aware of your rights and obligations as a homeowner. Here's what you need to know and when to ask questions. What Are HOA Documents? HOA documents, also known as governing documents, include several key components: Covenants, Conditions, and Restrictions (CC&Rs): These are the rules that dictate what you can and cannot do with your property. They cover everything from architectural guidelines to pet restrictions. Bylaws: These outline…
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02
Jul
By Lori Blank
Real Estate

Understanding the Importance of Disclosures in Real Estate

Disclosures are a crucial aspect of the home-selling process. Though the disclosure form may appear lengthy and complex, it is essential to complete it accurately. Failure to disclose certain issues or providing false information can lead to legal repercussions, even after the sale is finalized. Compliance with Laws Adhering to federal, state, and local disclosure laws is mandatory. While federal requirements are minimal, one significant federal mandate is the disclosure of lead paint. Homes built before 1978 must disclose any known presence of lead paint and provide prospective buyers with an EPA pamphlet. State and local disclosure laws vary significantly,…
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21
Jun
By Lori Blank
Real Estate Definitions

How to Evaluate an Offer on Your House: 3 Factors to Consider

Selling your house can be both exciting and daunting, especially when you receive offers from potential buyers. It's essential to evaluate each offer carefully to ensure you're making the right decision. Here are three key factors to consider when evaluating an offer on your home: 1. Price The offered price for your home is not just a number but a critical determinant of your return on investment. While a higher offer may seem attractive at first glance, it's crucial to compare it against recent market trends and the appraised value of your property. Sometimes, a lower but more solid offer…
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20
Jun
By Lori Blank
Real Estate

Transforming Space to Fit Your Lifestyle

Have you found yourself staring at that spare room wondering what to do with it? Whether it's a small nook or a spacious area, there are endless possibilities to transform it into something that enhances your home life. Here are some inspiring ideas to help you make the most of that extra space: 1. Playroom for the Little Ones:Why not create a vibrant playroom where your kids can unleash their creativity and energy? Fill it with colorful mats, storage bins for toys, and maybe even a mini-table for arts and crafts. It's a win-win: a space for them to play…
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11
Jun
By Lori Blank
Real Estate

Understanding the Real Estate Terms: Pending vs. Under Contract

Navigating the real estate market can be challenging, especially with all the industry-specific terms that get tossed around. Two phrases you're likely to encounter are "pending" and "under contract." While they might seem similar at first glance, they represent different stages of the home-buying process. Let's break down what each term means and how they impact your home-buying or selling journey. What Does "Under Contract" Mean? When a home is listed as "under contract," it means that the seller has accepted an offer from a buyer. However, the sale is not yet final. There are still several steps that need…
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07
Jun
By Lori Blank
Real Estate Tips

Tips for Making Your Home Irresistible to Buyers

Selling your home is a significant milestone, and you want to make sure it leaves a lasting impression on potential buyers. One of the most effective ways to achieve this is through the art of staging. Staging transforms your living space, highlighting its best features and making it irresistible to buyers. Here are some expert tips to help you master the art of staging and get your home sold faster. 1. Declutter and Depersonalize Less is More: Start by decluttering your home. Remove excess furniture, knick-knacks, and personal items. A clutter-free space appears larger and allows buyers to visualize themselves…
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