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Posts tagged ‘Buy’

A Bit About Mold

There are a number of little things to look out for when purchasing a new home. Normally the things to consider includes such things as location, wiring, the condition of the house itself, and several other factors. One of these factors that the home buying public is becoming more concerned with is mold. There are many different types of mold that can occur in a home and lead not only to structural damage, but some health concerns as well. Mold is difficult to find in many homes as it grows exclusively in dark and moist areas that are usually hidden somewhere in the structural areas of the home such as attics and basements. By the time mold shows up in the actual living areas, chances are that it is all through the home.

One of the most likely places for mold to form is anywhere that moisture is improperly vented. Another area of concern is if a home has ever flooded and was not completely or properly cleaned and dried after. Leaky plumbing and basement crawlspaces are other likely candidates. Mold can be a difficult thing to completely get rid of as the only thing it needs to continue growth is an organic material such as wood, and moisture. Both of these items are usually abundant in any home. The most likely was that moisture finds its way into the home is through faulty or leaky roofs and foundations. Both of these areas should be checked over by an experienced mold inspector on a fairly regular basis if there is any worry of mold beginning to grow, or if these has been mold in the past. Mold can be an expensive problem to deal with so be pro-active about looking for it, it can save you money in the long run.

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Buyer Tips, For The Home, Helpful Tips, Real Estate News, Seller Tips, SW Real Estate News

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Rent-to-Own at Three Times the Price

If you had the opportunity to buy a television or a sofa at a price that was three times the suggested retail price, would you do it?  That scenario may seem ridiculous, but thousands of people do just that every day when they sign an agreement at a rent-to-own store.  Rent-to-own, or RTO for short, is a system that allows consumers with little or no credit to acquire furniture, electronics or appliances by renting them by the week or by the month.  At the end of the rental agreement, the renter gets to keep the merchandise.  The renter may also agree simply to rent the merchandise for an agreed-upon period of time.

While furniture or appliance rental may be suitable for someone who needs them for only a month or so, it represents an expensive way to buy for someone who intends to keep them.  A television may seem inexpensive at only $10 per week, but if the agreement requires eighteen months of rental before the customer owns it, the total amount paid will be $780.   That would be fine if the television were valued at anywhere near that amount, but in most cases, that $780 will provide a television that sells for only $250 or so at electronics stores.  The additional $530 goes to the rental company in the form of profit.  Expressed as an annual interest rate, some rental fees can exceed 400% annually.

In addition to the rental charges, the customer will also likely have to pay sales tax, delivery charges and possibly return charges if he or she elects not to keep the merchandise.  Late payments may also incur a late fee, provided that the rental company doesn’t elect to terminate the agreement and take the merchandise back altogether.  In that case, the customer has nothing to show for the money invested.

Rental companies point out that for those who have no credit cards, the RTO concept provides an opportunity to “have it now.”  That is true, but consumers who have little money would be better off either saving that $10 per week and buying the television in six months’ time.  Alternatively, the consumer could put the television on layaway at a retailer and pay it off over time.  Either way, the consumer would save hundreds of dollars in rental fees.

A consumer who needs furniture or appliances for a short time, such as someone on a temporary assignment to another city, might find an RTO agreement useful in order to avoid living in an empty apartment.  But anyone who wants to buy furniture, electronics, or appliances might be better served by simply saving their money until they have enough to buy the merchandise outright.

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Bargain Hunters, Buyer Tips, For The Home, Helpful Tips, Rental News

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Ten Ways to Fight Identity Theft

Recent reports estimate that as many as one in ten of the population have been a victim of identity theft, one of the fastest growing crimes of the last few years. By using a variety of means to usurp your identity and pass themselves off as you, the criminals involved go on to commit fraud and theft in your name – leaving you to pick up the pieces afterwards.

The effects on your credit rating can be devastating and often take years to completely fix, so prevention is obviously better than cure. Here are ten simple ways to help you avoid becoming a victim.

1: Be careful with your old documents such as paid bills, bank statements, and receipts. Either keep them safely stored or destroy them if you don’t need them anymore. Don’t just throw them away, as fraudsters often start stealing an identity by searching for these very kinds of documents in household waste. Shredding or burning unneeded papers will prevent this first step.

2: Store your personal documents securely by keeping them somewhere out of the sight of visitors to your home.

3: If you change your address, make sure that you inform your bank, utility companies, and everyone else who sends you mail. Documents wrongly sent to a previous address are a favourite target of fraudsters.

4: Make sure that when you stop using a credit card or bank account, you actually formally close the account rather than letting it go dormant. Having an unused, forgotten about account resurrected by a fraudster might not even be noticed until serious damage has been done.

5: Watch your plastic – make sure you know where your credit, debit and ATM cards are, and tell the issuing banks immediately if you lose them or they’re stolen.

6: If possible change your PIN numbers and passwords to something easily memorable, and NEVER write them down, especially not on scraps of paper kept in your purse or wallet.

7: Don’t respond to phishing. Banks will never ask you for personal details via email, and won’t ask you for the password to your account. You don’t need to ‘reconfirmed’ your details following an email request either – just delete the email. If in any doubt at all, call your bank to make sure the request is genuine.

8: Use anti-virus software and firewall on your computer, especially if you use online banking of any kind. Keep the software up to date as well to guard against attempts by hackers to discover personal information on your computer.

9: Check your bank account and credit card statements carefully when you receive them, and query with your bank anything that you can’t identify. Spotting a fraud in progress early on will vastly help in minimising the damage it causes.

10: Finally, monitor your credit reports regularly to see if anything appears that seems odd, such as applications for credit cards that you didn’t make, or missed payments on finance that you haven’t taken out. Services are widely available online which can help you do this by automatically informing you when something on your file changes.

None of us can be 100% sure that we won’t fall victim to the crime of ID Theft, but by taking the measures listed above you’ll be making the job of any potential fraudster very difficult indeed, and they’re likely to move on to an easier target!

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Buyer Tips, For The Home, Helpful Tips, Real Estate Tips, Seller Tips

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Rent to Own

Some potential homeowners who are not able to purchase a home right away consider rent to own options instead. A rent to own option, often referred to as a lease, is essentially a rental contract for the rental of a property which includes the stipulation that the renter will be given the option of purchasing the property at the conclusion of the lease. This type of rental agreement may not be worthwhile for all renters but there are some who will find this type of agreement to suit their needs quite well. In particular renters with bad credit who might be unable to buy a home otherwise and renters who aren’t quite sure they really want to buy a home. It can also be a worthwhile agreement for homeowners who are planning to sell their home buy may not want to sell it immediately.

When Your Credit is Bad

Potential homeowners with bad credit may find a rent to own situation may be just what they are looking for to help them purchase their dream home. There are a variety of financing options currently available and it is likely even homeowners with poor credit can find a financing option but it is not likely this option will be favorable. Homeowners with poor credit are often shackled with unfavorable loan terms such as higher interest rates, requirements to pay points and adjustable rate mortgages instead of fixed rate mortgages. In these situations, it might be worthwhile for the renter to repair his credit before attempting to purchase a home.

One of the best ways to repair credit is to maintain good credit in the present and into the future. Most blemishes on credit reports are erased after a certain period of time. Renters who have poor credit can work on repaying their current debts in a timely fashion and with time their credit score will improve. During this time participating in a rent to own program allows the renter additional time to repair his credit and may also allow the renter to accumulate financial resources which will enable him to purchase the home when the lease period is over.

When You Just Aren’t Ready to Buy a Home

Some renters opt for a rent to own program when they aren’t quite sure they really want to own a home. In these types of agreements, renters are given the option of purchasing the home at the end of the agreement period but they are not obligated to purchase this home. This allows the renter to see what it is like to own a home without having to commit to homeownership.

Renters who are renting a home may learn a great deal about homeownership during the rental period. This may include information about maintaining the landscaping of the property and dealing with conflicts with neighbors. It may also entail caring for and maintaining a significantly larger domicile than most apartment renters have to maintain. Some renters are not quite sure they are ready to handle all of these issues and may use a rent to own agreement as a trial period to determine whether or not homeownership suits them.

When the Homeowner Just Isn’t Ready to Sell

Some homeowners offer a rent to own option when they plan to sell their home but do not want to do so immediately. Some homeowners may be hoping for property values to rise before they sell their home so they can either regain the amount they have invested in the house or profit from the purchase price of the home. These homeowners might choose to rent out their home during this time and offer the renter the option of purchasing the house after a set time period. This enables the seller to earn an income from rent while they are no longer living in the home. The rent they charge to the renter is often enough to cover the mortgage and yield a profit making it a financially wise decision for the seller.

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Buyer Tips, Real Estate News, Rental News, SW Real Estate News

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Is It Time to Re-Finance?

Whether or not to re-finance is a question homeowner may ask themselves many times while they are living in their home. Re-financing is essentially taking out one home loan to repay an existing home loan. This may sound odd at first but it is important to realize when this is done properly it can result in a significant cost savings for the homeowner over the course of the loan. When there is the potential for an overall savings it might be time to consider re-financing. There are certain situations which make re-financing worthwhile. These situations may include when the credit scores of the homeowners improve, when the financial situation of the homeowners improves and when national interest rates drop. This article will examine each of these scenarios and discuss why they may warrant a re-finance.

When Credit Scores Improve

There are currently so many home loan options available, that even those with poor credit are likely to find a lender who can assist them in realizing their dream of purchasing a home. However, those with poor credit are likely to be offered unfavorable loan terms such as high interest rates or variable interest rates instead of fixed rates. This is because the lender considers these homeowners to be higher risk than others because of their poor credit.

Fortunately for those with poor credit, many credit mistakes can be repaired over time. Some financial blemishes such as bankruptcies simply disappear after a number of years while other blemishes such as frequent late payments can be minimized by maintaining a more favorable record of repaying debts and demonstrating an ability to repay existing debts.

When a homeowner’s credit score improves considerable, the homeowner should inquire about the possibility of re-financing their current mortgage. All citizens are entitled to a free annual credit report from each of the three major credit reporting bureaus. Homeowners should take advantage of these three reports to check their credit each year and determine whether or not their credit has increased significantly. When they notice a significant increase, they should consider contacting lenders to determine the rates and terms they may be willing to offer.

When Financial Situations Change

A change in the homeowner’s financial situation can also warrant investigation into the process of re-financing. A homeowner may find himself making considerably more money due to a change in jobs or considerably less money due to a lay off or a change in careers. In either case the homeowner should investigate the possibility of re-financing. The homeowner may find an increase in pay may allow them to obtain a lower interest rate.

Alternately a homeowner who loses their job or takes a pay cut as a result of a change in careers may hope to refinance and consolidate their debt. This may result in the homeowner paying more because some debts are drawn out over a longer period of time but it can result in a lower monthly payment for the homeowner which may be advantageous at this juncture of his life.

When Interest Rates Drop

Interest rates dropping is the one signal that sends many homeowners rushing to their lenders to discuss the possibility of re-financing their home. Lower interest rates are certainly appealing because they can result in an overall savings over the course of the loan but homeowners should also realize that every time the interest rates drop, a re-finance of the home is not warranted. The caveat to re-financing to take advantage of lower interest rates is that the homeowner should carefully evaluate the situation to ensure the closing costs associated with re-financing do not exceed the overall savings benefit gained from obtaining a lower interest rate. This is significant because if the cost of re-financing is higher than the savings in interest, the homeowner does not benefit from re-financing and may actually lose money in the process.

The mathematics associated with determining whether or not there is an actual savings is not overly complicated but there is the possibility that the homeowner will make mistakes in these types of calculations. Fortunately there are a number of calculators available on the Internet which can help homeowners to determine whether or not re-financing is worthwhile.

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Re - Financing

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Are You Considering Re-Financing?

Homeowners who are considering re-financing their home may have a wealth of options available to them. However, these same homeowners may find themselves feeling overwhelmed by this wealth of options. This process doesn’t have to be so difficult though. Homeowners can greatly assist themselves in the process by taking a few simple steps. First the homeowner should determine his refinancing goals. Next the homeowner should consult with a re-financing expert and finally the homeowner should be aware that re-financing is not always the best solution.

Determine Your Goals for Re-Financing

The first step in any re-financing process should be for the homeowner to determine his goals and why he is considering re-financing. There are many different answers to this question and none of the answers are necessarily right or wrong. The most important thing is that the homeowner is making a decision which helps him achieve his financial goals. While there are no right or wrong answer to why re-financing should be considered there are, however, certain reasons for re-financing which are very common. These reasons include:

* Reducing monthly mortgage payments * Consolidating existing debts * Reducing the amount of interest paid over the course of the loan * Repaying the loan quicker * Gaining equity quicker

Although the reasons listed above are not the only reason homeowners might consider re-financing, they are some of the most popular reasons. They are included in this article for the purpose of getting the reader thinking. The reader may find their mortgage re-financing strategy fits into one of the above goals or they may have a completely different reason for wanting to re-finance. The reason for wanting to re-finance is not as important as determining this reason. This is because a homeowner, or even a financial advisor, will have a difficult time determining the best re-financing option for a homeowner if he does not know the goals of the homeowner.

Consult with a Re-Financing Expert

Once a homeowner has figured out why they want to re-finance, the homeowner should consider meeting with a re-financing expert to determine the best refinancing strategy. This will likely be a strategy which is financially sound but is also still geared to meeting the needs of the homeowner.

Homeowners who feel as though they are particularly well versed in the subject of re-financing might consider skipping the option of consulting with a re-financing expert. However, this is not recommended because even the most educated homeowner may not be aware of the newest re-financing options being offered by lenders.

While not understanding all the options may not seem like a big deal, it can have a significant impact. Homeowners may not even be aware of mistakes they are making but they may here of friends who re-financed under similar conditions and receive more favorable terms. Hearing these scenarios can be quite disheartening for some homeowners especially if they could have saved considerably more while re-financing.

Consider Not Re-Financing as a Viable Option

Homeowners who are considering re-financing may realize the importance of evaluating a number of different re-financing options to determine which option is best but these same homeowners may not realize they should also carefully consider not re-financing as an option. This is often referred to as the “do nothing” option because it refers to the conditions which will exist if the homeowner does not make a change in their mortgage situation.

For each re-financing option considered, the homeowner should determine the estimated monthly payment, amount of interest paid during the course of the loan, year in which the loan will be fully repaid and the amount of time the homeowner will have to remain in the home to recoup closing costs associated with re-financing. Homeowners should also determine these values for the current mortgage. This can be very helpful for comparison purposes. Homeowners can compare these results and often the best option is quite clear from these numeric calculations. However, if the analysis does not yield a clear-cut answer, the homeowner may have to evaluate secondary characteristics to make the best possible decision.

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Re - Financing

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Facebook: A Popular Social Networking Website

Individuals, of all different ages, enjoy meeting and communicating with other internet users.  Despite the fact that individuals of all ages use the internet to socialize, there are certain groups of individuals that do more than others. Those groups of individuals include students, both high school students and college students. For that reason, it is only fitting that there should be a social networking website that has a focus on these particular individuals. That networking website is known as Facebook.

Facebook may not be as well-known as other popular social networking websites, such as Yahoo! 360 or MySpace, but it is still popular.  That popularity is mostly among high school students and college students, mostly because Facebook focuses on these individuals in particular.  With Facebook, you are required to register for a specific network. That network can either include the high school or college which you attended or are currently attending.  Once you have joined the website, you should easily be able to make contact with others who are in the same network. 

The network in which you join can be considered an advantage of Facebook, as well as a disadvantage.  See, Facebook does not work like most other social networking websites.  Instead of being able to communicate with all site members, you are limited to contact with those that are in your particular network, the high school or college you that selected.  The creators of Facebook state that this is for your own safety.  Although it is safer for your profile and personal information to be viewed by a small number of individuals, you may not necessity want it to be that way. 

Although a large amount of focus is placed on high school students and college students, Facebook has added another popular feature to their website. That feature is workplace networks. By joining a specific workplace network, you will be granted access to other community members who work for the same company as you. This feature is nice, especially since many companies have become large corporations or expanded across the country.  You may be able to make contact and become friends with a long-distance coworker that you never knew you had.

Another aspect of Facebook that you may find inconvenient is their lack of available information, before you decide to become a community member.  When viewing their online website, which can be found at www.facebook.com, it is hard to tell whether or not the site is free to use.  Most online social networking sites will make this known right upfront, but Facebook does not.  Aside from the price, you should easily be able to obtain additional information on Facebook, before making the decision to become a member. This additional information may include how Facebook works, why you should become a member, how the invite process works, and general rules and restrictions that are in place.

If you are interested in joining the Facebook community, you should do what you should do with all other social networking websites, research.  By taking the time to research and examine everything that Facebook has to offer, you should be able to decide whether or not this popular networking community is what you were looking for.  There is a good chance that it will be, but if not, do not worry. There are literally an unlimited number of other social networking websites that you can join.

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Social Net / Computers

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Paid Video Sites: Are They Worth the Buy?

Are you an internet user who uses the internet to keep yourself entertained?  If you are, you are not alone.  Each day, millions of Americans search the internet looking for games to play, music to listen to, and videos to watch.  While there are free ways to use the internet for entertainment, there are other ways that require you to pay a small fee.  When it comes to watching videos online, these websites are commonly known as paid online video websites. 

A large number of internet users use paid video sites, but there are many others who have a difficult time doing so. Many of these individuals think that they should be able to watch videos online, free of charge.  If you are one of those individuals and you are unable to change your mindset, paid online video websites may not be for you.  However, it is important to note that you could be missing out on fun, exciting, and unique entertainment.

When it comes to determining whether or not paid video sites are worth the buy, you will have to take the particular paid video website into consideration. This is because a large number of popular video sites operate in different ways. For instance, a number of websites charge a monthly subscription fee, while others charge for each video that you wish to watch or download.  If you plan on watching a large number of online videos, you may want to search for a paid video website that allows you to pay a monthly subscription free. That monthly subscription should enable to you download and view as many movies as you want.

Paid video sites that charge a fee for each video downloaded may be more ideal for individuals who only wish to occasionally download or view online videos. This is because, if enough online videos are purchased, the cost can easily add up overtime.  Despite the fact that this type of payment structure can get fairly expensive, there are a large number internet users who use these websites.  One of the most popular video website that has a pay as you go structure is known as iTunes.  What is nice about these types of paid online video websites is that you do not have to pay for all of your videos. There is a good chance that you should also be given access to a number of different free videos, from the same website.

If you are planning on using an online paid video site, you will have to find a way to pay.  A large number of online websites only allow the use of credit cards or debit cards.  To be used, a debit card typically must have the logo of a credit card company on it. That logo will make the online processing of payments doable.  In addition to credit or debit cards, there are a large number of paid video sites that are now beginning to accept PayPal as a form of payment.  PayPal is most known for being a safe way to electronically transfer your money.  PayPal accounts are free; therefore, if you do not have a credit card, but you would like to watch videos online, you are encouraged to learn more the program. This can be done by visiting www.paypal.com.

Although most paid online websites only charge for their most popular videos, such as music videos and television show reruns, you may still have a difficult time paying this expense. If this is the case, you will want to look into free video websites.  They can be found all over the internet. Unfortunately, the quality of most free videos is not the same as the ones that you must pay for. If you do not mind sacrificing quality for a few dollars, then you should be pleased with what most free online video websites can offer you. Those websites, such as YouTube, can easily be found with a standard internet search.

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Social Net / Computers

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Using an Agent to Sell your Home

Using a real estate agent to sell your home is something that you will most definitely want to consider. Your only other option is to sell your home by owner, and in most cases this is very hard to do. So when it comes down to it, hiring a real estate agent is the best way to go for the majority of people who are looking to sell their home. If you do not know anything about hiring a real estate agent there is nothing to worry about. Even if you have never gone through this process before you should not have a hard time getting started.

 

The first step to hiring a real estate agent is to get in touch with the company that you are interested in doing business with. They will then be able to direct you to a real estate agent in your area, who can in turn tell you everything you need to know about selling your home. While you are talking to the real estate agent let them know what you are looking for out of your home, and what type of time frame you have in mind. Of course, there are no guarantees but an agent will at least be able to give you some advice.

 

When you finally hire a real estate agent it is their job to do whatever they can to sell your home. They will do everything from listing your home in the newspaper to holding open houses. The fact of the matter is that a real estate agent does not get paid unless they sell your home. So if you are worried that a real estate agent may be slacking off you can put that out of your mind. They know that if they do not sell any homes that they do not make any money. This is motivation enough for every real estate agent to work hard on selling each home that they list.

 

As you can see there are many reasons why you should use a real estate agent to sell your home. Instead of taking on this job on your own, you would be much better off using a real estate agent. Not only do they know the market, but it can also help to cut a lot of the stress out of your life. And when moving from one home to the next, cutting out stress is something that is of utmost importance.

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Seller Tips

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Going Broke Playing Games You Don’t Have To And Here’s How

If you haven’t looked at the cost of new computer or video games and gaming systems as a whole recently, you might be in for a shock. Today’s games and gaming systems can run from a meager $30 all the way to a whopping four hundred dollars or more. To a loving mother of a game obsessed teenager, the costs can be astronomical and nothing short of frightening. Fortunately the cost of buying quality computer or video games (including the systems that they run on) can be significantly reduced once you know what to do and where to look.

One alternative to funding a gaming pursuit with a second mortgage is to “go old.” By “going old,” we mean buying last month’s or year’s games and game systems. If you could admit the one truth that we all know, but never readily face, you could literally save hundreds of dollars in an instant. This truth is that unless you’re a millionaire, none of us can afford to buy the latest toy on the market. The ugly fact behind that truth is that within a relatively short amount of time (say, 60-90 days?), that latest toy will be replaced with a new and improved system, which consequently, grants access to what was wanted in the first place – at half the price! So go old and have a little patience. Within about three to four months, you will have made a tremendous saving.

When it comes to computer gaming, you could also come out better by upgrading games rather than an entire computer. It can take anywhere from a year or more for a gaming company to release a new version and chances are, the upgrade doesn’t require new hardware – it just requires a new payment. Remember, the gaming industry can’t really keep up with the computer industry either (no one can), so there’s no reason to panic or worry. Concentrate on keeping your game current rather than your system. Only in rare instances, such as if your computer is archaic to begin with, will you need to upgrade your hardware. Shop wisely and you can catch a new soundcard, joystick, or graphics card on sale. But if you have a high gigahertz processor and Direct X 9 installed, you’ll do fine for quite a while.

Here’s a whopper of an idea and one that probably won’t take as much of an effort to convince younglings to do as you might think. But to curb the costs of gaming, perhaps a group of families could pitch in and share the finances together. Depending on the number in a group, the cost of a new gaming system – and 5 or 6 of the most popular games – could diminish to 20% or more of their original costs.

And since gaming consoles are getting smaller and smaller, there’s no reason why a group of families couldn’t band together and trade gaming space within their homes every week or two. This way the kids in the neighborhood can enjoy one or two of the new systems on the market that they could never otherwise afford, and they can enjoy them without their parents having to shoulder the burden of funding them alone.

Seeing that kids generally play games together anyway, a group effort of this sort satisfies game cravings at a significantly reduced cost and it keeps everyone happy.

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Social Net / Computers

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