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Archive for December, 2012

Pre-Approval Letter – How To Use It To Get Your Dream Home

When house hunting, many buyers make the mistake of waiting to contact a lender until after they have located their dream home. As a buyer, you will be in a much stronger position with a seller if you are pre-approved.

PRE APPROVEDPre-Approval Letter

To effectively house hunt, you must know the amount you can borrow from a lender. There is nothing worse than find your dream home, but failing to qualify for the amount you need for a loan. Avoid this by asking your lender to pull your credit information and to let you know what needs to be done to get a pre-approval letter. If you are going to have problems with getting a loan, it is better to know about it as early as possible.

Sometimes buyers resist contacting lenders because it’s not the enjoyable part of home buying and they’re afraid an extra credit check will reduce their credit score. This resistance is penny wise and pound foolish.LENDER Buyers who get their loan arrangements lined up at the beginning of the house buying process are really doing themselves a favor.

Much of the country is experiencing a hot, sellers’ market. It is not unusual for a seller to get more than one offer on the same day. If that happens to you, your pre-approved status can give you an edge over the competition. In fact, it can make a seller choose you over another bidder.

Presenting Your Letter to a Seller

MORTGAGEWhen you tell the seller you want to buy their property, give them a copy of your pre-approval letter. They will probably recognize the value of the letter, but don’t depend on this assumption. Make sure the seller realizes the loan is already approved.

As you give the seller the letter, explain to them that you are serious about making the transaction go smoothly and, for that reason, you have already been through most of the loan application process. Point out that the lender has pulled your credit info and you’ve provided copies of W-2s, pay stubs, and all the other things the lender needed to decide that you do qualify for a loan. Tell the seller that the only remaining thing to do is to give the lender a copy of the contract that you and the seller sign, and the property needs to appraise for an appropriate amount.APPROVED

Taking this approach puts you in a very strong position. The seller knows you are not just wishing; you are capable of buying his property. One of a seller’s worst nightmares is signing a contract with someone, taking his property off the market, wasting time and then finding out that the would-be buyer cannot get a loan. On the other hand, you and your pre-approval letter are dreams come true.

Put on your shining armor and get pre-approved by a lender. Once you have the letter in hand, get out there and find your dream home.


Avoiding Foreclosure With A Short Sale, Experts Offer Assistance In Negotiating

Unbelievable but true – more than two million citizens of the United States are facing foreclosure due to a missed payment or delay in repayment of their mortgages secured giants their property every year! The phenomenon of property foreclosure is escalating in the United States and more and consequently more people SHORT SALEare selling off their homes at lower prices than their actual market value to avoid this unfortunate predicament of real estate foreclosure and seizure of the property by the lender organization. This is providing the real estate investors with magnificent opportunities of buying off property at much reduced prices and selling them at normal industry rates, thereby being able to keep a massive profit margin on each transaction.

The phenomenon is given more impetus by the property short sale option that more and more homeowners are availing these days, which helps them avoid foreclosure and losing home. Since the homeowners can conveniently avoid and overcome foreclosure and the consequent forfeiture of their property by the lender entity, short sale is coming by as a very viable option. Short sale in most cases equips the homeowners with the authority of selling their homes at a rate less than what they owe the lender institution, that is, less than the loan balance, thereby clearing off the mortgage SOLDbalance at a single go. The homeowner, instead of losing one’s entire property to the bank or the mortgage company, becomes entitled to receive whatever remains excess from the short sale proceedings after paying off to the mortgage company.

This, combined with the bank’s willingness to short sale a property, has contributed towards the excess of short sale properties in the market. The bank, by encouraging short sale, also saves a lot of its effort and money, which otherwise would have been spent on conducting a foreclosure auction, refurbishing the property, finding an investor, and so on and so forth. The two factors have flooded the market with valuable property options, which provides the ideal platform for the US realtors and foreign investors to invest here. As FORECLOSUREa real estate investor, you can find yourself some good short sale companies, who will assist you in every aspect involved in closing a successful short sale deal.

The short sale experts also offer you assistance in negotiating with the seller party and save you the otherwise involved hassles. You can simply relax and take count of the money the industry can fetch you. All you need to do here is simply contact the best short sale expert company and supply him with all the needed information that will help them negotiate each aspect of the deal. You can initiate with buying some of these properties and seeHOME FOR SALE what benefits and profits each of them reaps you in no time at all. The further impetus is provided by the increasing demand of real estate in the United States, which foresees no decline in the recent future.

Possibilities are abundant in real estate in the US and greater are they if the property under consideration is a product of short sale. Massive interests and huge benefits – this is what the industry believes and this is what you to can get.

Anatomy of a Mortgage, The Agreement For A Mortgage


Mortgages were the original home loan agreement. In many ways, the mortgage changed the real estate market completely and turned it on its head in a very good way. Before the advent of the mortgage, the only way for MORTGAGEpeople to go out and get what they wanted in terms of property was to pay for it outright. Since very few people possessed the means back then to pay for property outright, the ownership rights were only there for pretty much the upper middle class and the upper class people; the middle class downwards were excluded from this very important thing. Mortgages changed all of that and to understand how profound a mortgage is, it is important to take a close look at exactly what a mortgage entails.


The agreement for a mortgage is one that is the main point of everything else that follows. Under the agreement of a typical mortgage, the person has the ability to borrow money from the bank in order to pay for a house or a property. The amount of money they can borrow varies, but for the majority of banks it usually resolves itself towards being around 95% of the actual quoted value of the house. In exchange for getting this very large loan, MORTGAGEthe person then agrees to put the house up as collateral against that loan, so that the bank has some way to save itself in the event that the person is unable to pay that loan back.

Interest Rates

Now, whenever people think about loans, very likely the first thing that they think about is interest rates. There are a number of different interest rates involved in different loans, but when you compare the vast majority of them to what is available under a mortgage, what you find is that the vast majority of those interest rates don’t really match up. The average mortgage has an interest rate attached to it between 5% and 7% and the vast majority of loans that are available on the marketplace today, even if they happen to be secured loans, really can’t match up.


Just like with the interest rates, the repayment terms for a number of different mortgages are very impressive when put up against a number of other conventional loans. When you’re talking about unsecured loans (i.e. credit cards), then obviously there’s going to be no contest, but for the most part you will find that mortgage repayment terms are significantly easier to deal with than with most other loans. This is because (a) the collateral being used is extremely strong and (b) the term lengths are longer, so naturally that makes the monthly payments smaller.FILING


There are some fees for mortgage payments relating to things like late payments and underpayments, but you will find for the most part that fees are not really that important in the grand scheme of the agreement itself. It is important to be aware of what fees are there, but most of the time you will see that they aren’t that big.

Home Rentals, Apartment Rentals, Saving Money While Renting To Buy A Home

For many renters the possibility of using a rental situation to save money is a foreign idea. These renters often bemoan the fact that they have to rent a property rather than purchase a property because they feel as though HOME FOR RENTnot owning the property is basically throwing money away each month. However, this is not entirely true. While there are certainly benefits to homeownership and building equity homeowners can also benefit financially by renting an apartment rather than purchasing a home.

While it is certainly true that money spent each month on rent does not get the renter any closer to homeownership while each monthly mortgage payment makes the homeowner one step closer to owning the property completely. However, this is not the whole story. Renters should also consider the amount of money they will be able to save annually for the purpose of purchasing a home by living in a rental property right now.

A Smaller Apartment Can Lead to a Bigger House

Some would be homeowners find renting a small apartment can allow them to start saving for the purpose ofKITCHEN purchasing a house in the future. Renters who are willing to sacrifice comfort now and stay in the smallest apartment possible will likely be able to save the most money towards purchasing a home.

In general the monthly rent for an apartment is based on a value per square foot. This value may vary slightly from one property to the next but is likely to be very similar in properties in the same general area. This means apartments which are smaller in terms of square footage are likely to be less expensive overall. Therefore renters who would normally feel more comfortable and able to spread out might opt for a smaller apartment just so they can begin saving more money for their home purchase.

Budget Wisely to Save Money

BEACH HOME Renters who want to save money for the purchase of a home while renting an apartment should understand their monthly rent is not the only factor which may prevent them from saving money while they rent. For example entertainment costs should carefully be considered when a renter is trying to save money. Most rental properties have a fully equipped kitchen making it ideal for the renter to prepare meals at home as opposed to going out to eat. Renters who cut down on eating dinner out may find they are able to save quite a bit of money each year.

Likewise renters who are spending an excess amount of money on superfluous items may have difficulty saving for a house while renting an apartment. Examining all current monthly expenditures can help the renter to determine where there is the potential for financial savings. MakingAPARTMENT RENTAL changes such as debt consolidation may be one way to decrease monthly bills but this is certainly not the only solution. Renters can make other changes such as canceling subscriptions to premium movie channels, minimizing cell phone plans to include only the amount of minutes used each month and making changes to insurance plans to result in an overall savings. Changes to insurance plans may include having your car and renter’s insurance covered by the same carrier. Many carriers offer discounted services to renters who are willing to bundle their services. All of these slight changes can help to enable a renter to save money for a home purchase in the future.

Buyers Are Searching Many Properties Online Before They Buy, Make Your Listing Stand Out

When selling a property, it is important to remember that most buyers are looking a lot of listings. This means your goal is to make them remember your home.

INSIDETake These Steps To Make Buyers Remember Your Home

Some people get a bit conservative when it comes to selling their home. They tend to view it as a family heirloom. Instead of taking all possible steps to make it attractive to a seller, they get offended by even the remotest of suggestions that any such steps need be taken. The simple fact, my friend, is the moment you decide to sell, your property goes from a family residence to a product. If you fail to make this emotional leap, you are going to have problems selling it.

When you show your property to buyers, it is important toOUTSIDE remember something. They did not jump into the car just to come see you. Nope, they are two, four and maybe even six timing you. By this, I mean they are most likely visiting multiple houses on the day in question. Put in practical terms, you are in a competition with those other mystery houses and you must make your stick in the mind of the buyer.

To “win the day”, you obviously need to have your home in good overall condition. This means the structure needs to be in acceptable shape. The paint should be perfect. The landscaping should be cut back to something less than a rainforest. Clutter should be removed. Basically, you should give the property the once over. 

To really make your property standout, however, you need to take a few extra steps. First, emphasize comfort CLEANby playing some soft music. Second, bake something that smells nice, but is not to strong. If you can’t cook, go to the baker and get a cake or something. Third, potpourri should be used in all bathrooms. Fourth, cut and put fresh flowers in various rooms that otherwise appear bland. Five, provide more detailed information on the home in a written form you can hand out. Six, if there is a particular reason you are moving, tell the sellers on said memo. I just want to cash out or the new neighbors are noisy, is not a good reason!

If you take these steps, the buyers will remember you at the end of the day. If your property is one that fits what the buyers are looking for, an offer will soon follow.

Your Credit Rating When Buying A Home, Don’t Have A Lender Run A Report Until You Are Ready To Buy

Be sure to ask for quotes not only from your current bank or any other nearby, but also from other finance companies, and online lenders as well. Make sure the lenders you enquire from aren’t looking up your credit CREDIT SCORErating unless you’re ready to proceed with them alone. Any more than four credit checks in one month looks suspect, and may affect your credit rating. Ask if they’re going to check your credit-rating first, to be on the safe side.   

You will be surprised to find that loans offered by online money-lending companies are often more convenient and with less restrictive conditions than those offered by banks. This is because banks earn money by a number of different means, as opposed to online lenders, whose primary income is a direct result of the amount of money they lend.   

Depending on how bad your credit history is, it may be very difficult to find unsecured loans, as most lenders will impose very high rates, and others will simply reject your application.   

Although it is still possible to find convenient low-rated unsecured or bad credit loans, the chances of that are very small. The smartest choice is to look for a secured loan instead; there are a lot of lenders willing to offer you bad credit loans at low rates if you have any collateral to offer them as a warranty of payback. Depending CREDITon the amount of money you are borrowing, lenders will take your car or house as security and happily allow you to get your loan.   

Have in mind that it is always better to pay back the money you borrowed as soon as you are able to.   

Try to choose among those loans that allow you to make early payments; the quicker you pay back, the less interest you pay. On the other hand, if you extend the duration of the loan, you will have to pay much more money in interest.   

Although you may not actually take out a loan, it will be shown in your record and may look very bad on your history when applying FICOfor another in the future, so limit yourself to asking for quotes and apply only for that loan offer you consider to be the best. If your application gets rejected, however, you may move on to the next best offer on your list.   

In your research it’s advisable to review if the provider is a member of the Finance Industry Standards Association (FISA), which follows the confidentiality guidelines set out for this association, and also those providers registered under the Data Protection Act (DPA) who adhere to the letter of the law from the Data Protection Register.

Taking Photos Of Your Home For Listings, Photographs Of Your Property Help When Selling

If you are considering selling your property, you will need photographs for your marketing efforts. If you are going to take the photographs yourself, here are some tips.

FAMILY ROOMTaking Photos of Your Home for Listings

I love reading National Geographic to see the amazing photographs of far off places I will probably never visit. I consistently play the lotto, but one has to be realistic. Regardless, the photographs are works of art and I often find myself wishing I could go to the location in the photograph. This is true even though I had no knowledge of the place until I saw the photograph and probably would have blanched had anyone suggested such a trip. This is the power of a good photograph.

Photographs of properties in marketing materials should inspire the same type of response from homebuyers. Make no mistake about it, your photographs represent the first impression, known a curb appeal, the buyer will have of your property. Given this fact, it is vital that your OUTSIDEphotographs present the best aspects of your property. Simply walking out to the curb and firing off a couple snapshots is a mistake of the highest order. Don’t do it!

At this point, you should consider using a professional photographer. They understand issues such as lighting, bordering, spacing and angles. Trust me, they are worth every penny.

Assuming you are going to shoot the pictures yourself, consider the following tips:

1. Lighting is critical. First, make sure there is enough light to detail what you are shooting. On the other hand, BEAUTIFULtry to avoid situations where the entire picture is too bright. Strategic shadows in a corner can add definition and the impression of uniqueness.

2. If you have a view, make sure to take a picture of it. If the view can be seen from inside the home, make sure the photograph shows as much by taking it from the interior. You want the photograph to contain some evidence that the view can be seen from inside.

3. When it comes to the front of your home, don’t take a flat picture. A flat picture is when you shoot the home dead on. Stand off to one side or the other to give it some definition.

4. On interior shoots, add props to the room such as flowers.BACKYARD Make sure drapes and so on are positioned in an attractive manner. Hide all cords. Really hide all pets!

5. Experiment with angles. Taking pictures of your home is not a task to be done as quickly as possible. Take as many photographs as possible and then pick out the best. This is what professional photographers do.

Taking photographs of your property is hardly a difficult task. That being said, if you put a bit of thought and effort into it, you can make your listing stand out from the others on the market.

Dairy Products And The pH Miracle Diet, Taking Care Of Yourself

The pH miracle diet attempts to control many different conditions in the body, including obesity, through the omission of acidifying foods and behaviors. One of the most surprising inclusions on the list, at least to PHWesterners, is milk. Dairy products, although a mainstay of the Western diet, are not included in the diets of most of the populations around the world. So what does the rest of the world know that we don’t? Dairy is not necessary for health; from a pH perspective, it is actually harmful to the body.

Many people believe that dairy and milk are essential for bone density and for overall health. However, dairy products have large amounts of protein and fat, which are both acid forming elements. Cow’s milk and products made from cow’s milk produce acid. Goat and sheep milk and cheeses, which have less fat and protein, produce less acid. The only dairy exception is clarified butter that is alkalizing due to the short chain fats within it.

In 2003, the Harvard School of Public Health released an alternative pyramid to the FDA recommendations based on imbalances that the members saw in the original pyramid. Although itVEGGIES did not mention acid and alkaline foods specifically, the pyramid shows a tendency toward alkaline foods. One of the most striking differences between the FDA pyramid and the Harvard pyramid is the inclusion of a dairy serving or calcium supplement 1 time daily. The FDA recommends 2 to 3 servings per day, in addition to dietary supplements.

Dr. Meir Stampfer, a professor in the departments of Epidemiology and Nutrition and the Chair of the Department of Epidemiology at the Harvard School of Public Health, points out in an explanation of the Harvard pyramid that Americans should be eating less dairy products. The body needs calcium, but not at the levels present in the two to three servings recommended by the FDA. Calcium is necessary for normal bone development and maintenance; yet the average adult can get enough calcium from a supplement. The levels of calcium present in 2 to 3 servings of dairy per day can actually be harmful to health. Excess calcium intake may increase the risk for certain cancers and there have been no links between massive amounts of calcium and osteoporosis prevention.

PH MIRACLEIn addition, dairy is far from being a pure food. The dairy industry has worked hard to proliferate the image of cow’s milk being essential and harmless. Consider, however, that fifty years ago the average cow produces 2,000 pounds of milk per year and today cows average 50,000 pounds per year. Drugs, antibiotics, hormones, specialized breeding and forced feeding all up milk production so dairy farmers can produce in mass quantities. All of these additives are part of the milk that people drink everyday.

A growing number of Americans, including those who follow the pH miracle diet, are eliminating dairy from their diet and having fantastic results. In recent studies, milk has been linked to intestinal colic, intestinal irritation, anemia andFRESH MARKET allergic reactions in infants and children. In children, the main problems were allergy, ear and tonsil infection, asthma, colic and childhood diabetes. The studies showed that adults suffered from heart disease, arthritis, allergy and sinusitis as a result of conventionally produced milk.

Just a quick search on the dangers of dairy can really open your eyes about this “safe” food. Reading the research and seeing the acidic effects of milk and other dairy products make it clear why it is excluded on the pH miracle diet.

Don’t Over Pay On Your Home Purchase, Know What Homes Are Selling For In Your Area

When it comes to buying a home, most potential buyers will use the listing price to as the number one factor to determine the homes that they look at.  Even though you and a realtor may determine the asking price, the CHOOSINGbuyer will determine the selling price.  If the price is too high, most buyers won’t give it a second thought – which is why you want to determine the listing price carefully.

If you set the correct price, you’ll notice a much faster sale.  Setting the right listing price will also attract more potential buyers to your property as well.  You’ll also notice an increase in response from realtors, and receive more calls about the property.  The listing price is very important – and it can ultimately determine whether or not you sale your property.OVERPRICED

A home can be overpriced due to several reasons.  Overpricing is something you want to avoid, as buyers tend to steer clear of homes that have been overpriced.  Normally, this happens when a buyer asks a lot more than the home is worth or valued at.  Some buyers ask a lot more than the value of the home due to location.  Although the location is very important, most potential buyers won’t give the home a second look if they think the price is too high – and more importantly out of their price range.

THE BUYING GAMEWhen you put your home up for sale, most activity will happen within the first couple of weeks.  If you put the right price on your home, you’ll notice immediate interest.  There are always buyers looking for homes in their price range, waiting for new homes to be listed or homes to be reduced in price.  Buyers who are waiting to purchase may miss seeing your home completely if the price is too high.

To determine the listing price of your home, you should always have it appraised before you put it on the market.  This way, you’ll know the full value of your home.  You can sell it for market valueMARKETING or go a little under, although you should never attempt to go way over the value.  In doing so, you’ll miss out on a lot of potential buyers.  The home market is very competitive these days, which is why you want your home to draw as much interest as possible.

Keep in mind that realtors really have no control at all over the real estate market, only the plan behind marketing.  Realtors don’t determine the asking price – the seller does.  You can ask a realtor for advice, although you are the decider of your listing price.  If you do things right and take each thing step by step, you’ll set the listing price in the right area and have no problems selling your property.

The All Important Real Esate Document

Selling or purchasing a piece of real estate, be it a house, condominium, or an apartment, is probably one of the most important financial transactions a person will conduct in his lifetime. This single purchase is bound to DEEDSaffect the lifestyles of several people for years to come.

Due to the long-term effect a single real estate transaction may have on the buyer and the seller, it is important that all the details pertaining to this transaction be formalized. It is not enough that the dimensions of the land, the purchase price and equipment included in the sale are listed down; the individual obligations of both the seller and the buyer should be itemized as well. All these details should be found in just one document, the Real Estate Sales Agreement.

Legally, a real estate sales agreement is a contract between both the buyer and the seller. This document stipulates all the conditions of the sale, from the technical details of the property, to the chattels that will be thrown in. The agreed upon purchase price should be stated (in words and numerical figures), as well the CONTRACTdeposit (earnest money) given, down payment and final remittance. Exact details on how and when the monies will change hands should also be indicated in this document. The real estate sales agreement is considered valid once both parties affix their respective signatures and, should there be a need to include any changes, these should be attached to the main document, as an addendum.

Normally, real estate sales agreements are formulated by real estate agents and / or lawyers. However, a lot of home sellers and home buyers nowadays opt to compose the sales agreements on their own. There are various real estate related websites where SIGN ITone can view, download and even customize all kinds of forms, including the immensely important real estate sales agreement, needed to complete and legalize any real estate transaction.

Online real estate forms can be purchased and downloaded by piece (as needed) or by bulk, the option really depends on the user and payment is also done online, as these sites accept most major credit cards. Once the forms have been downloaded, the contents can be modified and edited to suit and conform to the specific requirements of the user.

In terms of content and format, all the forms found on these real estate websites, most especially the real estate sales agreement, are considered legal and are recognized byLOTS OF PAPERWORK local, state and federal agencies. However, even though the developers took great pains to verify the accuracy of their forms, it is still recommended that before the final copy is signed, a rough draft be sent to a lawyer or a real estate agent for their review. Since, the real estate sales agreement is probably the most important of all real estate documents; it is of utmost importance that all the technical information stated is accurate, and that all the necessary conditions and clauses, particularly the terms of payment and possible penalties for non-payment are also clearly outlined.