You’ve likely heard of a mortgage, but are you familiar with something called a “promissory note?” When you take out a home loan, not only will you need to sign a mortgage, you will also need to sign a document known as a promissory note. The question is, what exactly is this? Isn’t it really the same thing as a mortgage?
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If you’ve decided to buy a home in a planned community that’s governed by a homeowners’ association (HOA), then you’re probably already familiar with the fact that there are certain rules that need to be followed in order to live there.
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When it comes to interior decorating and home staging, it all comes down to who you’re trying to impress: yourself (the current homeowner) or the buyer (the future homeowner). When you’ve got your home on the market for sale, you need to create a space that speaks to the tastes, needs, and wants of prospective buyers that will be looking at it.
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The last thing you want is to go through the whole real estate process only to find out at the end that the contract isn’t legally binding. According to the Statute of Frauds in California, these contracts must be in writing. Fortunately, real estate agents in California have access to a standard California Residential Purchase Agreement (RPA) form which makes it easy to ensure all the necessary components are included.
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Not every space in your home is counted towards the overall square footage. From an appraisal perspective, there are certain areas that are ignored when calculating the overall size of the home.
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If you’ve been planning to buy a home any time soon, 2017 just might be the perfect year to do it. There are plenty of reasons why buying a home should be on your checklist this year, including the following.
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Living in the suburbs offers plenty of benefits to homeowners, including more space, newer home features, and access to family-friendly amenities. But there are also some downsides, including the fact that many of the homes in these communities look almost identical to each other inside and out.
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When you decide to sell your home, you need to get the process started off on the right foot, and that begins with determining the right price for your home. Many sellers have a tendency to want to list their home well over what the market deems to be a fair price because they see more value in it than what buyers might see in it.
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2017 is here, and what better way to start the new year than to revamp your home’s interior. Whether subtle in nature or an all-out overhaul, there are plenty of fabulous new interior design trends on the horizon that you might want to consider implementing into your home.
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Buying a home is a big deal, and is typically an involved process, especially during the time between offer acceptance and the actual closing. “Escrow” is basically when a neutral third party holds on your earnest deposit until all contingencies are met in a real estate transaction.
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