You found a good house, with good location. You loved everything but your wife is unhappy as kitchen is not updated or finished as per latest styles. You saving money and don’t want to spend too much so trying to convince your wife but she is just adamant in buying new house which is 50-60k more..
What you should do?
Well talk to your realtor and ask him to give you RPR report.
Check value of home and see what is RPR report suggested RVM price (its like realtors guesstimate for property).
If you see property has value, you liked location, and only issue now kitchen then check links posted below and using good contractor (I can send one or advise one).. and get new updated kitchen using these links and you will be amazed that kitchen can be soo good and so cheap..
Anil Aggarwal Realtor
I am a Real Estate Agent, realtor, and Investor currently living in New Jersey. My interests range from selling difficult hard projects, real estate to flip properties. I am also interested in investing, home, and helping my clients find best deal , at best price.
Without me, you will save 1% but I am sure, with ample marketing, exposure to 7 mls, and video/website/qr mobile website and weekly open houses, I will sell your home quick, and get you better Return on investment.
I am certified Flipper, Realtor, Finance professional, with 20 years of exposure of working with leading fortune 500 companies .
Buying Real Estate should be your #1 priority, especially if you want to save money for your kids, or for your retirement. Home builds equity, provide safety, give emotional bonding to family and provide tax refunds.
With me, you get ample support, true educated guidance and no if and buts. You buying, and I am there, and if you not buying , still I am there, to provide any and every help.
Same way, I guarantee my clients that your home, will sell with me. Reason, I don’t leave anything to others. I myself check, inspect, update or guide daily progress, till home is sold.
I do regular events, social meetings, networking and love to host, invite, dine and make friends. I hold ample marketing so finding buyer is not a issue for me.Example review past event http://www.NewYearEvesParty.com
I am available 24/7 via mobile/whatsapp/phone/
The most common type of credit score is the
, which was developed by Fair, Isaac and Company. FICO is not the only credit scoring company, but is the score used most widely. Lenders usually base your interest rate on some variation of a FICO score, which can range from 300 to 850. As with all credit scores, the higher your FICO score, the lower the interest rate lenders will charge you.
While you can obtain a copy of your credit report for free at www.annualcreditreport.com, the score is separate and is not free. You can purchase a copy of your FICO credit score from their website, which is www.myfico.com or purchase credit scores from Experian, TransUnion and Equifax. Note that not every credit bureau uses the same range and formula for calculating a credit score – there are competing credit score “products” on the market. An example is a Vantage Score, developed by Experian. Another key point — getting a copy of your own credit report and credit score does not affect your credit score. Many people are hesitant to obtain their own reports because they fear a negative mark.
The FICO Score in Detail
FICO Scores are calculated from a lot of different credit data in your credit report. This data can be grouped into five categories as outlined to the right. The percentages in the chart reflect how important each of the categories is in determining your FICO score.
Please note that:
•A FICO score takes into consideration all of these categories of information, not just one or two. No one piece of information or factor alone will determine your score.
•Your FICO score only looks at information in your credit report. However, lenders look at many things when making a credit decision including your income, how long you have worked at your present job and the kind of credit you are requesting.
•Your score considers both positive and negative information in your credit report. Late payments will lower your score, but establishing or re- establishing a good pattern of making payments on time will raise your FICO credit score.
Improving a Score
Make Your Payments on Time
The single most important thing you can do to keep your score high, or improve your score, is to make all your payments on time. Payment history is the largest factor that is used to determine your credit score. Payments that are 30 days or more past due will show up on your credit report and negatively impact your score. These negative marks generally stay on your report for seven years.
Keep Your Total Debt Load Manageable
With the second largest factor of your credit score being the total amount you owe, it is important to keep borrowing and total credit usage under control. If you currently have a significant amount of outstanding debt, your priority should be to stop borrowing and work toward lowering the balance. This isn’t always easy, but the only way to improve your overall debt situation is to stop borrowing or using credit cards and continue to make timely payments that reduce your balance.
In addition, you want to consider how much of your available credit is utilized. For example, having many credit cards that are maxed out, or very close to their limits, will negatively impact your score. Two credit cards with a $5,000 limit and a $1,000 balance on each will look much better than a single card with a $2,500 limit and a $2,000 balance.
Maintain Existing Accounts
Length of credit history is another important credit score factor, so it can be to your advantage to keep older accounts which are in good standing open. While you want to keep the total number of accounts manageable, sometimes it can hurt your score more to close an old account than to keep it open.
Be Careful When Opening New Accounts
While new credit is the least important factor in your score, it is still an important issue to consider. When you are shopping for a new loan or credit card, do your shopping in a relatively short amount of time. You don’t want to have your report show that you are constantly looking for new credit. You also don’t want to open credit accounts you don’t intend to use much. It may be tempting to get that additional 10% off when you open that new retail store card, but the little bit of money you save may be insignificant when multiple new accounts actually lower your credit score.
It Had Been Empty For Years
Evilenglish’s grandparents’ farmhouse hadn’t been lived in since 1997, so you can only imagine how dusty it was… Evilenglish was planning on selling the property, but before he could even think about putting it up for sale. He had a huge clean-up task on his hands. No one wants to live in a dusty, dirty house! Evilenglish first noticed something interesting… There was a carpet on the floor instead of floorboards…when we removed carpet , he found a giant concrete safe was underneath the carpet. Inside safe, there was safe with tens of thousands of dollars. “Just so you know anything from 1964 or older is 90% silver worth about 20 times face value of the coin,” he revealed on Reddit.
So next time when you buy home and see its need cleaning, think of this and get motivated.. It might be your door key to get rich
Help with Flood Insurance and Disclosures Flood-related disclosures can generate a deluge of legal and ethical questions for Realtors. What needs to be disclosed? How should you advise sellers? What should you tell buyers about flood risk and insurance? In this video, NAR Associate Counsel Deanne Rymarowicz answers these questions.
Flooding is the most common and costly natural disaster in the U.S., causing more than 1 trillion dollars in damage to crops and property from 2000 to 2018, and that number keeps rising.
As a real estate professional, flooding can also impact your business. Flooding is considered a material fact to a real estate transaction, and failure to disclosure flood damage can result in liability. In addition, it’s important to counsel buyers about the need and availability of flood insurance.
State laws on flood disclosures vary, so it’s crucial to understand your obligations in the state where you practice real estate. In general, a broker or agent must disclose the following facts when they have actual knowledge:
- that a property is in an area where flood insurance is required;
- that flood insurance was required in past;
- that the property is located in an area that has flooded in the past;
- and that the property is located in an area subject to flood risk that may cause many or most owners to purchase flood insurance.
In addition to state law, REALTORS® are obligated to disclose flood damage under the REALTOR® Code of Ethics. While REALTORS® must disclose reasonably apparent adverse facts, this duty does not obligate REALTORS® to discover latent or hidden defects in a property.
In a recent Texas case, Calhoun v. I-20 Team Real Estate, LLC, an appellate court ruled that a buyer’s agent’s team could be held liable for failing to advise a buyer that additional disclosure from the seller was necessary. While the seller’s disclosure form disclosed that the home had experienced past flood damage, Texas law requires further explanation for any affirmative disclosure. Here, the Seller’s form failed to provide any such explanation, and failed to answer other required questions, including improper drainage; whether the seller had flood insurance; and whether the property is located in a hundred-year flood plain or a floodway. Shortly after purchasing the property, the buyers discovered improper drainage, and that the property had a long history of flooding.
To avoid liability, and to protect your clients:
- Know your state’s disclosure laws to understand your obligation to disclose pertinent facts. As a starting point, check out NAR’s state-by-state flood disclosure survey available on NAR.realtor.
- Don’t conceal past flooding or water damage. If a seller asks you to conceal those facts, remember you still have a duty to disclose, so be sure to consult with your broker and legal counsel.
- Listing agents should ensure a seller’s disclosure form is fully completed, and when representing the buyer, be sure to notify your client of any incomplete disclosure requirements and request follow-up from the seller.
Now let’s talk about flood insurance. Keep in mind that a property does not have to be near water to flood. Heavy rain, rising sea and river levels, melting snow, drainage system backups, and broken water mains can all cause flooding. In fact, 25 percent of flood insurance claims occur in low or moderate risk areas. Flood damage is excluded under standard home owner insurance policies, but you don’t have to be in a high risk flood zone to obtain flood insurance. Flood insurance is available from the National Flood Insurance Program and many private insurers.
So, when counseling buyers about flood insurance:
- Remember that flooding can happen anywhere. Recommend that buyers to do their own due diligence, but avoid telling buyers that flood insurance isn’t required or advisable.
- Provide buyers with a list of reliable third-party resources about the importance of flood insurance, including the floodsmart.gov(link is external) website.
- And, advise buyers to speak with their insurance agent and mortgage lender to determine whether flood insurance is required for the property.
Be sure to check out the additional resources linked below this video. Thanks for watching this episode of Window to the Law!
On Sept. 30, a federal district court dismissed a challenge by four states (New York, Connecticut, Maryland and Jersey) to the $10,000 cap on the federal state and local tax (SALT) deduction that was created by the Tax Cuts and Jobs Act. (New York et. al. v. Mnuchin, No. 18-CV-6427). The states alleged that the SALT cap “violates the federalism principles that undergird the U.S. Constitution.” They pointed out that the cap will result in a significant increase to federal tax bills of residents in their states and that it disproportionately affects the residents of high-tax states whose state and local taxes exceed the $10,000 cap. And, they alleged that Republican legislators and the Republican president intended this differential result to force states to provide a disincentive for these states to impose high tax rates.New Jersey Challenges SALT Cap Earlier this week, the federal courts ruled against a lawsuit initiated by New Jersey and three other states challenging the $10,000 State and Local Tax Deduction (SALT) cap. The courts ruled against the lawsuit, which argued the cap was unconstitutional. It is unclear whether New Jersey and the other states will appeal this decision. New Jersey Realtors® met with Rep. Mikie Sherrill to discuss the importance of reinstating the full deduction due to the high cost-of-living in New Jersey.
this is neat clean home close to cliffside park.