Recent Posts: Home Buying

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What is an Incurable Defect?

An unfavorable property characteristic that can’t be fixed, such as a location on a busy street, is known as an incurable defect. This requires the value to be adjusted downward from that of a comparable home to reflect the “defect”. What does this mean to a buyer? Using a home on a busy street as […]

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Five things home buyers hate.

Bad listing photos. Poorly executed (i.e., dark, taken from an awkward angle) and poorly chosen photos (of unattractive areas and things, small rooms). Only the best aspects of a home should be featured. More is not better! Messy homes. No boxes should be on the floor, items should be put away, and it needs to […]

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Don’t Overpay for Title Insurance. Part 1, Investor/Builder Rate.

Reduced title insurance premiums and escrow fees are available to certain buyers and sellers, but they are not volunteered. Since title insurance is the biggest escrow/title cost, it’s worth it to find out if a discount applies. One reduced rate that may be available is for builders, contractors, developers, real estate agents, attorneys, or investors […]

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Buy a Home Anywhere in Arizona.

Thanks to the Arizona Assoc. of Realtors, we now have access to homes listed for sale in Tucson, Prescott, Sedona, Lake Havasu, Yuma and most of the rest of Arizona. This means that SimplySOLD can now offer an expanded level of service to our local, Canadian and international clients. The change involves the decision by […]

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Get Home Buying Help, Part 3.

Get an Advocate. The most important advantage of real estate representation is having an advocate that puts your interests ahead of all others. A good agent can look at any given situation, give you advice and options, and then obtain the terms you need so you can move onto the next step. For example, requesting […]

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Checking on Your New Build Home.

The purchase of a new home is different from that of a resale due to the construction required. You should try monitor the building process to the extent possible. It is a good idea to regularly visit the site and take pictures. The best times are when framing, plumbing and electrical rough are taking place, […]

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Get Home Buying Help, Part 2.

Get a Good Deal. When you don’t have an agent, finding the perfect home is a challenge. Agents see homes enter and leave the market every day – homes with diverse styles, prices, and neighborhoods. Agents are able to see when patterns emerge, and can tell you if a home is appropriately priced or over […]

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Get Home Buying Help.

Part 1 – Get What You Want. Shopping for a new home can be a daunting task. You may know exactly what you want or a good idea of what you’re looking for, but you still have to find it. That can mean countless hours of scouring listing after listing, poring over every minute detail […]

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How to Finance a Fixer-Upper.

The FHA 203(k) program is a loan product designed to help owner-occupants remodel a home. Available when purchasing or refinancing a home, it wraps the purchase/refinance and rehabilitation costs into a single mortgage. To qualify for the loan, the total value of the property must fall within the FHA mortgage limit for the area. There […]

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Is Your Home “Feng Shui”?

Feng shui is a Chinese philosophy that has the goal of achieving an auspicious and harmonious environment. It is important to Chinese-Americans, with 86% of those surveyed saying that feng shui will play a role in a future home-buying decision, and 79% saying they would be willing to pay more for a home that has […]

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How to Assess the Cost of a Fixer-Upper, Part 2.

1. Check permits and their cost. Find out if the work to be done requires a permit and how much that permit costs. Factor the cost, time and aggravation of permits into your plans. 2. Determine whether you will supervise subs or hire a general contractor to do so. If you’re not going to hire […]

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How to Assess the Cost of a Fixer-Upper, Part 1.

When you buy a fixer-upper property, follow these tips to avoid getting in a financial fix: 1. Get Inspections. These are key to determine whether a fixer-upper is worth it. A home inspector can uncover hidden issues in need of replacement or repair, such as non-working components and structural problems. A termite inspection and a […]

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Preparing For Your Move, Part 5.

Moving Day Tips. Color Code: As well as labeling, assign each room a color and use coordinating colored duct tape on the top and sides of boxes so that they can be identified when stacked. Fill Space: To prevent damage, use socks or rags to fill in ‘dead air’ space, especially in and around breakables […]

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Preparing For Your Move.

Part 4: Things Not to Pack. Federal law bans moving companies from transporting “hazardous materials”. They also will refuse propane and oxygen tanks, weed killer and pesticides, gasoline tanks, ammunition, batteries, charcoal, pool chemicals, liquid bleach and nail polish. Household plants and perishable food items also can’t be moved, and often items like lawn and […]

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What Age Group Buys the Most Homes?

According to the NAR Profile of Home Buyers and Sellers, Millennials are the largest share of recent home buyers at 36%, with 65% of them being first-time buyers. Gen Xers are 26% of recent home buyers, with younger Baby Boomers coming in at 18%. Older Baby Boomers typically move the longest distance at a median […]

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