Taking a Look at the More Complex Aspects of Real Estate
So, here are a few more complex parts of real estate you should be aware of before diving in head first.
Your guide to New York real estate and more
Off The MRKT - Where New York's, Real Estate, Life Style, and Culture Converge
So, here are a few more complex parts of real estate you should be aware of before diving in head first.
These homes have views you won’t want to miss
Read MoreRare spectacular waterfront Mediterranean villa in a gated community in Beechhurst, New York.
Read More
Over 200 brokers attended the revealing
Read MoreA Family Heirloom on the Market for the First time in 50 Years
Read MoreNot only is Saltmeadow a new development, but due to the cold winter long months take a look near and consider the beach lifestyle for the whole season with the amenities and conveniences of New York City.
Read More
House chains. Who would have them? They’re a headache that can quickly lead to losing your dream property. When it comes to roller coasters in real estate, this is the beast everyone dreads riding.
The sad fact is, a chain in real estate is a delicate thing. And, completion depends on everyone’s paperwork coming together. One person pulling out can lead the whole thing to crumble. And, delays in paperwork can mean nothing works the way it should. When you think about it, it’s amazing anyone manages to buy a house in the first place.
Alas, they do, because more often than not things manage to come together. Still, we’ve all been on the wrong end of a weak buyer link at some stage. It’s frustrating. Which is why, when it comes to buying, you should do everything to ensure you don’t fall guilty of that crime. Of course, to some extent, you’re hostage to solicitors and mortgage brokers. But, there are things you can do to ensure you don’t let the team down. And, we’re going to look at what they are.
Something about your survey
Most of us take care of home improvements before putting our homes on the market. All the better for getting a good deal and surviving the survey. But, some of us think we know better and list our houses in haste, assuming everything will be fine. If you make this mistake, though, you can bet the survey will pull up a few skeletons. If that happens, delays are inevitable. As well as risking your sale, a lousy survey means more paperwork and revised offers. And, that’s sure to impact everyone in your chain. Make sure it doesn’t happen by doing a personal survey before you even put your house on the market.
Title complications
Titles and houses are always complicated. For obvious reasons, you can’t sell a home unless your name is on the deeds. This is often a standard aspect you won’t have to worry about. But, if you inherited a house, for example, matters might not be so simple. Inheritance doesn’t automatically lead to deeds. And, you might not even notice that until your solicitors let you know. If you have any concerns in this area, do checks ahead of time. If you aren’t the title owner, you’ll need to contact a company like Estate Planning of Honolulu LLLC, where you’ll find probate attorneys who can help with that exact issue. But, this kind of thing takes time. Take care of it before selling so you don’t leave everyone waiting.
Did you forget your finances?
You should also make sure that start your mortgage process before putting an offer in. Many people offer money they don’t yet have, assuming they can get it before anyone notices. But, mortgage approval can take a while. And, not having that all important confirmation when solicitors ask for it is a real buyer’s faux pas. So, don’t get greedy. Sort your money, then your home.
Related Stories
Have a listing you think should be featured contact us or email at Jeremy@offthemrkt.com to tell us more! Follow Off The MRKT on Twitter and Instagram, and like us on Facebook.
The perfect 5 bedroom, 5 bathroom home for those who need a little extra space for $6,800,00
Read MoreRecently, we spoke about a few ways to tell it’s the right time to move house. As can be seen from the points mentioned in that post, this is a decision most people make over time. Most consider a few factors before finally listing their homes. And, it’s easy to see why when you consider the amount of money tied up in property.
Read MoreIncreasing your home’s value is always a good idea, if you have stashed some cash and are thinking of how best to invest it. You can take ten simple steps to increase the value of your property without spending too much money on experts’ help.
Read MoreA lot of people think that the idea of community spirit is dead. As cities have gotten larger and more densely populated, it’s become harder for people to connect with one another. Coupled with the world wide web, this has made a lot of places feel quite detached from life only a few decades ago. Of course, though, something like community doesn’t simply die. Instead, in the case of most cities, it has moved and shrunk. To give you an idea of where to find your own community, this post will be exploring some of the examples of it in modern society.
Read MoreIn days of old, house hunting involved window shopping and driving around. Those were the best and only ways to get an idea of what was on the market and which locations appealed. Either that or you put yourself on a realtor’s listings and hoped they’d find the property your heart desired.
Read MoreLooking for a new place to live or just curious about what's on the market? Check out our top open houses this weekend.
Read MoreThis two-family home won’t be on the market for long
Read More