The Condominium Owners’ Guide To Cleaning

Living in condominiums means living a simpler lifestyle.  The amenities and services offered by this type of home are endless so many people choose this type of type of home.  For all that, Tampa FL Condos can’t tidy themselves up.  The management may do all the maintenance and repair in some areas of the condo building, but you are responsible for cleaning your own condo unti.

Condo owners are generally busy folks who love a dynamic life.  But unless you have a cleaner to clean your condo unit for you, cleaning won’t be a big problem at all.  However, young professionals may not have the luxury to hire one so most of them try to spend a few minutes everyday to clean some specific areas in order to avoid having a lot of mess for the whole week.

Reduce clutter in your condo unit as soon as you get up in the morning- this is the very basic thing in condo cleaning.  Leaving dirty dishes or not making your bed will give you extra work when you get home in the evening which you won’t be doing for sure at night because you might be too tired doing so.  If you have unwashed beddings or towels the previous week, wash them now or else it will accumulate the next time you have to change your beddings, rags or towels.  Since you are using washing machine to do your laundry, why not do other things while waiting for your laundry?  You can vacuum the carpet or sweep the floor.  Tampa Condos that are clean smell clean, no used clothes hanging anywhere or trash not taken out.

Your next stop is the kitchen.  The kitchen, next to the bathroom, is the hardest to clean when it gets dirtier because you really have to spend time scrubbing the sink, counter tops or appliances just to clean the surface.  Also, make sure that your fridge is free from expired and old food to avoid having a bad smell whenever you open it.

Considering Tampa Condos as your area of residence so you can enjoy everything.  However, you need to do some chores to maintain its beauty and function.  Take note of the chores that need to be done monthly, weekly or daily to avoid spending a lot of time on cleaning alone.

3 Sources of Financing for Real Estate Investors

One of the most important aspects to investing in real estate is how you finance your property. Although all other factors may look favorable, having no or little access to good terms could be a deal breaker. Therefore, before doing anything else, it is important that you begin to line up some potential sources and explore what options are available to you.
There are various ways to start investing in homes, and each source has its own set of strengths and weaknesses. Your exit strategy, the condition of the property and various other factors will play a part in how you may be able to finance each specific investment. So let’s explore 3 of these top sources:

Traditional Financing

If one of your strategies is to buy, hold and rent, then using banks may be a safe bet for some of your investment properties. This is a source that can be considered up front when a property is in considerably good condition. Most banks will not support the financing of a fixer upper until repairs are completed, due to the amount of risk involved.
Therefore, you may need to spend a little extra time searching for those diamonds in the rough. Traditional financing is extremely favorable, because you can usually get some of the best interest rates, terms and closing costs when approved. The process certainly will take longer than using cash buyers or hard money lending for example, but it can be worth the wait.

Hard Money Lenders

For those who will either be flipping a property or would need to conduct significant repairs in order to refinance may want to consider building a relationship with a hard money lender. It is advisable to shop around to at least 2 or 3 in your area when possible to see which terms you find to be most favorable.
These loans will come with much higher interest rates (typically 12% or more), points and some type of balloon payment near the end of the agreement. Hard money may be offered for 6 months to a year while the repairs are made, until the home is ready to be sold or refinanced for better rates.
It is important that investors are prepared to either rent out or lease-to-own their property if perhaps the home is unable to sell on the market quickly enough. Also, newbie investors beware! Flipping houses can be more difficult that it may seem, and you must have a solid plan in place so that you are not forced into a tight financial situation.

Private Lending

Before ever considering this option, it is strongly encouraged that you talk with a local attorney that specializes in SEC policies. Laws can vary on a state by state basis, so it is important that you have a good understand of those guidelines before building any relationships with private lenders.
However, when done correctly this can be a powerful resource available to you, that doesn’t require credit checks or adhering to all the strict guidelines enforced on mortgage companies. Private lenders can be nearly anyone who has access to the necessary funds for your purchase (i.e. your doctor, friends, family, or investor club).
Typically private lenders can receive anywhere from around 9% and up for their investment, which is secured by the property and can be a great investment for them based on today’s rates. Loans can be negotiated on a property by property basis so that each investor only funds the deals that they are comfortable with.
With these 3 examples alone, you may have all that is needed to start funding real estate deals. Therefore, take action now and begin building the relationships and networks of lenders that you will need in order to start investing.
Are you in need of referrals? Contact us today to access a list of preferred lenders that we will recommend for your investment business.

Get The Best Price On Your Next Home Purchase!

One of the most important aspects to buying a home is to ensure that you purchase for a fair price. Since there are certain key steps that you must follow in order to make a sound decision, it pays to have a knowledgeable Realtor on your side who will be able to help obtain the best and most realistic asking price for a property.

Determining Market Comparables

For example, one of the first ways that your agent will discover the price of a home is by researching local market comparables. In most cases, they will be able to bring up a list of properties sold over the last 6 months within a 1 mile radius. Properties should also not be bigger than 20% of the subject size.
Additional features to consider would be the neighborhood each home resides in, structural differences, bedrooms and bathrooms, overall condition and other amenities such as a pool, a/c, or garage. Other factors, such as if a particular home sold for much lower due to foreclosure is something your agent can uncover as well.

Houses That Have Not Sold

Next, many homes could be on the MLS for 6 months or longer without ever selling. Others that are comparable could have been taken off the market after not getting enough offers or being listed for too high. This is valuable information, because you may be able to get a particular property for a substantial discount or it may not even be worth pursuing.

Neighborhood Reputation & Appreciation

When it comes to buying a house, this is one of the most important reasons to work with a Realtor. Since your agent will have a familiarity with various local market trends and statistics, you will be able to learn what makes a particular neighborhood desirable and also which areas to avoid.
A lot of things can affect a home’s value such as the school district, crime levels, or even other properties located nearby (such as those burnt in a fire or properties that were a bank sale). In fact, sometimes these factors can even differ from block to block!
Your agent will also help you to assess the appreciation rates for various neighborhoods and future development plans that could affect home prices, so that you can get a decent indication of what to expect down the road. This can be extremely valuable information dependent on how long you plan to live at the said property and the length of time the home may need to sit on the market.

Appraisals & Inspections

After you place an offer on a property, you will have the opportunity to get an appraisal and home inspection as further due diligence. Even with an agent, there are sometimes issues that may arise with a property that could affect the home’s value that you were not even aware of.
Some of these problems could include structural issues, plumbing or electrical, termites or insects, mold or even water damage to name a few. Obviously many of these things could impact the price significantly and would either have to be fixed by the seller or renegotiated to get a fair price.
In conclusion, there are a lot of areas to consider when choosing a home and getting a fair price on a property. Since this is one of the biggest purchases you will ever make, it is crucial that you protect your interests and ensure that you are getting the best deal possible.
In order to get started researching homes in our local area, contact us right away using the information located above. We look forward to serving you as you search for your next future home!

4 Keys To Saving For Your Future Home

In this video, we will explore some things to consider when you’re getting ready to save for your next home purchase.

Get Pre-Approved

Before you even start shopping for a home, you’ll want to be sure you have financing in place to make your next purchase.
Getting a “pre-approval” from a reputable lender is one of the first steps in your home shopping process.
Watch this video for more details:

Negotiating Rules

In this series of videos below, you’ll learn about the 7 rules to follow when negotiating your next home purchase.
These are:

  • Never Put Your Best Offer First
  • Develop a good relationship with the cooperating agent
  • Know when to walk away
  • Gauge what the seller wants
  • Have a working knowledge of your market
  • Get A Home Inspection
  • Ask For it!

These rules are outlined in the 7 videos below…

Negotiating Rules 1

Negotiating Rules 2

Negotiating Rules 3

Negotiating Rules 4

Negotiating Rules 5

Negotiating Rules 6

Negotiating Rules 7

Buying A Home? Take This Free Video Credit Course

Below is a series of videos that will teach you what you need to know about getting your credit in shape for a future home purchase.
Please feel free to share these videos with a friend who currently owns or is looking to buy a home.
Staying out of credit trouble can have a big impact on your financials for years to come!

Credit Course Video 1

Credit Course Video 2

Credit Course Video 3

Credit Course Video 4

Credit Course Video 5

Credit Course Video 6

Credit Course Video 7

How Soon After a Foreclosure Can You Buy Another Home?

A very common question I get is “How soon after my foreclosure can I buy another home?” There are a couple of answers to this question and they depend on how soon and how badly you need a home.

The first option to getting a new home is to simply pick one and buy it with conventional financing. The lender who will be looking at your credit will be very reluctant to finance another home for you. However, with a large enough down payment (20% minimum) and your willingness to pay a higher interest rate, you could have a new home in 45 days. [Read more...]

stack by DynamicWp.net
SEO Powered by Platinum SEO from Techblissonline
  • RSS
  • Facebook
  • Google+
  • LinkedIn
  • NetworkedBlogs
  • MySpace
  • Orkut
  • FriendFeed
  • Twitter
  • Tumblr
  • Flickr
  • Panoramio
  • DeviantArt
  • YouTube
  • Vimeo
  • Last.fm
  • Delicious
  • Pinterest