Friday, February 18, 2022 / by Capprice Kitchen
One of the most common reasons for a home sale to fall through is the presence of property liens. Often the sellers are not even aware they have a lien on their home and the delay caused by having them removed can cause a qualified buyer to look elsewhere.
Along with other pre-listing tasks, such as repairs and curb appeal projects, sellers should order a title search to determine if any liens are on the property. Some liens are expected, such as the mortgage lien which ensures any home loan is paid off at the time of close, but others might come as a surprise. Here are a few liens which can derail your closing.
· Mechanics Lien – A contractor may place a mechanics lien on your home to make sure they are paid after a home project.
· Divorce Lien – Even if you and your spouse have agreed on the sale of the home, the court may need to approve the sale before the lien can be removed.
· Homeowner’s Association – Past due HOA payments. ...
Monday, February 7, 2022 / by Capprice Kitchen
Will it Crash or Boom? This is a question I get asked a lot!
It’s a smart move to want to know what’s in store for the Housing Market before diving in, so here are my predictions for the upcoming months:
For home buyers, you’ll have much to look forward to as the inventory will be on the upswing. However, the market will remain competitive. Competition means having to make quick decisions in order to win offers.
To navigate these waters, it’s important to carefully consider your budget and hone in on a list of must-haves.
For homeowners that are ready to sell, you’re in a good position, as we are in the midst of a seller’s market, meaning the seller has the upper hand.
Demand is high, and with inventory still low, sellers can set their prices higher - but not too much higher as the property must still meet the appraisal for a lender to loan on the property (don’t price yourself out of the market).
Expect to see b ...
Monday, January 24, 2022 / by Capprice Kitchen
Investing in a new home can be an overwhelming process all on its own, then add in trying to figure out if you should buy an existing home or build a custom one into the mix and your anxiety levels will soar. So, I’m here to help make that decision a little easier by giving you the pros and cons of each!
Pros & cons of building a new home ??
* You have control over the design.
* You can customize any aspect of the home to ensure it both reflects your taste and fulfills your needs.
* You won’t have to deal with competing buyers over the house itself — once the land is yours, you’re set!
* A newer home = less ongoing maintenance costs.
* You don’t have to worry about toxic materials that might be found in an older, existing home.
* It can be more environment-friendly since newer homes are typically built with energy-efficiency in mind.
* Unexpected costs might come up during the build.
* Requires a lot more ef; ...
Sunday, October 10, 2021 / by Capprice Kitchen
It may seem like there are a million steps to the closing process when buying or selling a home. A title search is just one of the many stages and title problems may account for almost 10% of closing delays. As a seller, doing a preliminary title search can help avoid costly delays at the end. So, what is a title search and what does it disclose?
In the simplest form, a title search identifies who owns the property. This may appear to be obvious, but surprisingly, sometimes the party selling the home may not actually have the legal right to do so, at least on paper. For example, in the case of a married couple, the property might be in only one spouse’s name. Another example would be a property held in trust or probate; it could take some paperwork to correct title to allow a sale.
A title search also uncovers any existing liens on the property. This would include any current mortgages and may find old debt or unreleased loans. Items which must be paid off or removed prior . ...
Monday, October 4, 2021 / by Capprice Kitchen
Buying a home ‘As Is’ can be a great way to save money! If you’re okay with doing a few fixes or renovations, buying a home “As Is” can be cheaper than buying one that’s in perfect condition!
Often, the home is in very decent condition and current owners simply don’t know the state of the property which is why they’re listing it “As Is”.
Simply because I house is listed “As Is” does not mean there is anything wrong w/ the property. More than likely any repairs that may be required are minimal and the Seller has already incorporated that into the listing price. Or, for convenience sake, the Seller simply doesn’t want to negotiate repairs for the purpose of a cleaner contract.
Particularly in today’s market, with it being a Seller’s Market, we’re seeing more and more “As Is” sales because it speeds up the negotiating process to place the property under c; ...