When you buy a home, one of the most important things you should do is to check on statuses of permits for anything that looks to be an addition or a major modification to the home. For example, room additions, garage additions, bathroom additions, major remodels, adding a guest house or building a second story above the garage all must be permitted by the city.
We often talk about the How To’s of homeownership, but today we’re going to talk about the Why’s of homeownership. There are many benefits to being a property owner. Some might be obvious to you, others might not. Take a look at the list below and let us know in the comments section any benefits of being a homeowner that we might have missed.
Choosing the right California Real Estate Broker can mean the world of difference when buying or selling a home. Real Estate Brokers are supposed to make complicated real estate transactions simple and easy for their clients. They are supposed to do all the grunt work.
We’re pleased to announce that our new e-book California Real Estate: How To Pay Significantly Less Than Your Neighbors & Avoid Costly Mistakes is now available for download!
We gave out a few copies over the weekend and have already gotten some positive feedback. Please let us know your thoughts.
You can purchase
Your offer has been accepted and the goal is now to get escrow opened and closed. This is not as simple as it seems. Many real estate transactions get to this point but never end up closing. When you talk about a real estate transaction “closing” that means the new owner has been recorded on title and has taken possession of the home. The transaction is not finished until it closes.
If you are entering into negotiations on real estate you need to understand how counter offers work. Not understanding could prove to be a costly mistake. A counter offer is an offer by one party that has anything different from the terms of the original offer. A counter offer is a rejection of an offer. Therefore, making even one seemingly insignificant change to an offer, rejects that offer.
Now that you’ve found a home, or several homes that fit your investment criteria, it’s time to make an offer. Making an offer is not as straightforward as you would think. An offer contains several different terms, all of which affect your overall offer. An offer is more than just price.
Before you begin making offers on homes, make sure you understand all the expenses associated with buying and owning a home. Whether you are a first time home buyer or you’ve owned a home for many years, understanding the expenses associated with homeownership is critical. As we said previously, knowing is half the battle, at least you can plan for it.
You’ve come a long way in the home buying process and have hopefully learned many of the skills necessary to pay significantly less than your neighbors and avoid costly mistakes. The real estate buying process may seem complicated because honestly, it is! Remember though, you’ve built your team and are not alone. Be sure to capitalize on the resources available to you.