|May your new year be filled with many happy surprises! I wish you prosperity, dreams, adventures and good health.
If there is anything I can assist you with this year, I would be delighted to help.
Wishing you the happiest New Year!
Important Tips for a Smooth Real Estate Closing
You’ll be reviewing many legal documents that will require your full attention, so make sure your calendar is clear of any other appointments.
• Review Loan Documents in Advance – We will touch base in advance to prepare you for your loan closing. There should be no surprises at this point, providing we have locked in the interest rate for your loan to coordinate with the timing of your real estate purchase.
At the final closing, you will need to review every legally binding document carefully and make sure there are no typos or errors, and the loan terms are listed as we have discussed. Any typos or errors must be corrected prior to closing. We will go over each document with you, so you have a clear understanding of your financial commitment.
One important document you will be signing is the HUD-1 Settlement Statement. This document lists all the final credits and charges relevant to both you and the seller, based on the terms of your contract. You should receive this at least 24 hours prior to your closing. Compare this to your Good Faith Estimate to make sure your rate and terms are written as you expected them to be. The lender is bound to honor the Good Faith Estimate for 10 days.
• Be Prepared for Closing Costs – Prior to closing, you should know exactly what your closing costs are. It’s best to have a cashier’s check ready to pay your closing costs. (An electronic funds transfer could delay the process, depending on what time the transfer posts.) This includes any fees, taxes, charges and your down payment. Again, we will review this with you, so you have a full understanding of your closing costs. Don’t be afraid to ask questions! We’re here to help.
• Make Sure Your New Home is Ready to Live In – When you do your final walk-through of the property, make sure all repairs have been made that were agreed upon and the home is ready to occupy. Otherwise, your Buying Agent can make additional negotiations with the Selling Agent to resolve any outstanding issues. Your final walk-through should be done before the final real estate closing documents are signed. Allow for at least 30 minutes to do your final walk-through.
I hope you find these tips helpful. My team and I will be in touch with you on a regular basis to make sure this transaction goes smoothly as possible. If you have any questions, please don’t hesitate to give me a call.
|From home to home and heart to heart,
From one place to another,
The warmth and joy of Christmas,
Brings us closer to each other.
Tip #1 – The Mindset of Potential Home Buyers
Did you know that most potential home buyers feel more at ease when a REALTOR® is showing a property and the current home owner isn’t there at all?
A professional real estate agent gives potential buyers a chance to candidly ask any questions they may have about the property, without being intimidated by the owner. Also, when the owner is not present, prospective buyers tend to take more time viewing the property and they simply don’t feel rushed.
If you’re ready to think about working with a REALTOR® to help you sell your home, please give me a call. I would be happy to introduce you to a listing agent that I work with on a regular basis. I’m here to help!
While we are all busy this time of year, some may be moving. Below is a checklist with some useful information to make the move an easier one. Tip #1: Choose a Reputable Moving Company If you're hiring a moving company, make sure you select a reputable company. The Internet can be a great resource for this, if you're not sure where to start. Angie's List, Yelp and The American Moving and Storage Association (www.amsa.org) are a few good resources to check out. It's important to shop around, interview several movers and get written estimates for the job. Make sure you're working with an insured service that provides compensation for loss and breakage. Tip #2: Plan Your Move Early Ideally, you should start planning your move two months in advance. Don't forget, lots of people move around the first of the month when leases expire, so it's a good idea to reserve your truck and moving crew a minimum of two weeks in advance. Tip #3: Label Your Boxes & Take Inventory Labeling your boxes and keeping an inventory for each room will help you get organized quickly in your new location. You can also use this for insurance purposes to determine your declared value for the moving company. Tip #4: Secure Your Valuables Consider locking valuable jewelry in your safety deposit box on moving day. Or, if you're moving a long distance, carry precious items yourself to prevent them from being lost or stolen. Tip #5: Back Up Your Computers Make sure you have a backup of your computers, and put the disks or external drive in a separate box from the computer. That way, if by some chance your computer is lost or damaged in the move, you will have a backup of all your important files. Tip #6: Take Photos of Computer & TV Wiring If you're not entirely computer or electronics savvy, take a photo of the back side of your computer or television setup, so you know where the wires are plugged in before you take it apart. This could be a huge time-saver when you put everything back together in your new home. Tip #7: Keep a Record of Your Moving Expenses Your moving expenses may be tax deductible, so keep a list of all your expenses, including miscellaneous expenses for packing, truck rental, etc. This will be convenient to have at tax time. Tip #8: Pack Your Survival Gear Get a clear plastic box (it will be easy to find amongst the other boxes) and pack it with the things you will need the first day in your new home. If you have children, pack a box of their favorite toys to keep them busy in a safe area while the rest of the house is being unpacked. Have each family member pack a personal overnight bag with basic essentials such as toothbrush, toothpaste, hairbrush, change of clothes, etc. Hope everyone is having a WONDERFUL holiday season!
Ever wondered what would be a reason to refinance? Consider these suggestions below.
- Lower your monthly payments
- Make home improvements
- Pay off credit cards
- Secure money for college
- Restructure your loan (e.g., switch from ARM to fixed)
- Convert to a shorter term mortgage
Please don’t hesitate to contact me with any questions. It would be an honor to have the opportunity to work with you.
Hope you all are enjoying this holiday season and all that it involves……. Christmas is only 2 weeks away……
It isn’t long till that magical day arrives full of family, food, and presents. Once thing that can really make it feel seasonal is a nice holiday drink. Below are ones that popped up from a quick google search….
- Luscious Slush Punch. 1K. …
- Cranberry Wassail. Wassail is a hot spiced punch often served for winter celebrations with historic roots in… …
- Christmas Punch. Delicious punch! …
- Hot Apple Cider. 182. …
- Luscious Eggnog. …
- Hot Buttered Rum Mix. …
- Holiday Mimosa. …
I don’t know about you…. but that rum one is looking really nice….
Hope everyone is enjoying this holiday season!!!
Here is a nice tip for a “don’t” during the loan process
Don’t try shooting for that six-bedroom house in the Hamptons if it’s going to be too much of a stretch in your current budget. Lenders consider what’s known in the industry as “payment shock” when approving loans. Someone who goes from a relatively small monthly housing payment to a large one either won’t qualify for a mortgage or will end up having to cover too much loan with too little money.
Stayed tuned for the next “don’t” to come your way!!