The Truth About Timeshare – How Will I Be Sold

[ad_1]

You’ve waited your whole life to invest in a vacation property, so you deserve to have all of your questions answered. Real Property is just that; it is either land or improved with a single dwelling or multifamily unit (condos). A deed is recorded at the local courthouse and you pay real estate taxes and other holding costs each year. You have the sole right to use the premises and dispossess it (sell) at any time throughout the year. If you choose to derive some income from the property, then you can lease it or rent it on a vacation rental program. Under those circumstances you will loose the right to occupy at any time; however you still remain in control over the entire unit and can dispossess at will (so long as you are not violating any liens on the property, which include leases and management agreements).

Most people look for a vacation property in an area that they are familiar with and have visited often. Of course, because you are comfortable with the resort and you have a desire to continue returning again and again. So, once you make the decision to purchase a vacation home, you have done at least a small amount of research and are familiar with the price ranges. At most resorts that range would be $250,000 (condo unit) to millions (oceanfront or ski in luxury home). You find a realtor who is an expert in the resort area you love and on you go. That realtor will show you many fine properties in the price ranged that you agreed upon. He/she will be able to answer many questions about location, rental income, finance options, and carrying costs.

The first day is overwhelming, so you decide to wait and make another visit and leave instructions to email you as listings come on that meet your criteria. Mr./Ms. Agent happily oblige and keep you on their prospect list, which will alert the MLS to notify you any time there is an addition to inventory or any change that affects your criteria.

Well an overwhelming day needs one thing, a great meal at your favorite restaurant. You head to the restaurant and plop yourself on the bar stool and order up. You guest it, everyone beside you is a real estate expert, so you tune them out, just in time for the bartender to mention that he couldn’t help but overhear you and your spouses‘ conversation about whether or not to purchase a home this trip. What do you know, but Mr. Bartender has a second job as a timeshare salesman (or as I like to refer to them, crime share). His information seems unbelievable; that you could own a vacation home in this lovely resort for 10%-30% less than the cost of the house. You make an appointment to meet up with him in the morning.

I can tell you that if your first action is to sit through a 2 hour sales pitch, you will not only be overloaded, tired, but you will probably purchase a timeshare for the wrong reasons. The most wrong reason is just to simply get out of there. The second mistake is letting the salesman make you think you are purchasing real estate. A timeshare is not real property, but interval ownership. That is that you along with many others own and share in the use of the property. In some cases you may be assigned a certain unit, but you use of it is limited to the week you purchased and you have no control over what goes on in that unit with regards to repairs, maintenance and general décor. You have simply bought yourself a vacation week to the same place and time each year. You will soon find out that it is very difficult to exchange weeks and resorts. Now if you are a bit stronger than the average vacationer, you made it past the salesman with a firm „we are not interested.“ Not so fast; you must follow the yellow brick mold that leads straight to management or the „closer.“ You may not have realized it yet, but you have now been price conditioned. The $500,000 single family home, a block from the beach seems very overpriced compared to a timeshare unit on the beach for $20,000. The closer will act very concerned and seem to have a desire to answer any questions you are having. He will have one more option for you, yes, and another slash in the price, perhaps in half to $10,000. At that price he will offer to enroll you in a life time membership, allowing you flexible use of his/her company’s resorts.

Okay, what a deal, the $500,000 property now will only cost you $10,000. Well beware, because if you had purchased the timeshare week (s) you would also have maintenance costs, which can be hundreds, sometimes thousands of dollars per year; every year. And more fees if you stay at a resort other than your home resort. Now you see that the membership sounds good. But you are in a corner, because you did not do your homework on memberships.

Grab your spouses hand, hold your head up high and make a bee-line for the door. You know there must be a better way. How can you continue to vacation in your favorite spots, on your timeline and for the best possible price? Although owning the house outright may be a great investment, it does not allow freedom of choice and time. Back to the local bar you go.

This time you are more educated and have an understanding of exactly what it is your desire; freedom of time and choice. „Hello, are you visiting?“ „Yes,“ you answer, and continue to make conversation. „Where are you staying,“ the neighboring stool warmer asks. Your reply immediately gets them going. „Oh, I hope you did not pay more that $598 for that week.“ You just about fall off the stool and reply that you got a great discount through one of those internet travel agencies and you paid $1900.00. Now your interest is sparked, „how?“ you ask.

He explains that global travel club memberships offer as many as 6000 resorts, worldwide, as well as, cruises, airfare, car rentals and hotels for 50%-80% off the retail price. You need to search out the travel discount clubs that only charge a onetime fee, much which is always much less than that the timeshare offers and find a membership that is good for your life and completely transferable. „How do I join?“ Not so fast, not only do they offer a great travel discount program, which you can pay for in as few trips as two, but many also have affiliate programs in which they pay you $1,000 commissions to promote the travel club online. Now we know that the travel industry is a 7 trillion dollar industry and growing. It is important to choose a travel club with will established roots, „mine has been around for 22 years and has turned over the marketing to affiliates just 2 years ago; so this is a ground floor opportunity.

„Can I find out anymore, I am very interested?“ Of course take my card, go view a short video about the product and the opportunity and then we will chat. After that expert affiliates and travel club representatives will answer all of your questions. You will not regret joining a travel club and will see the savings on your first trip. You should also check out the affiliate programs; many teams have affiliates making 6 & 7 figure incomes. My goal this year is rookie level at $300,000. Of course that will mean quitting my job, working from home, which will allow me to spend more time with my family and enjoy traveling more with these huge discounts. Oh by the way, the one time fee is that, one time, no monthly or annual maintenance fees.

[ad_2]

Source by Kimberly Hazel

4 Benefits of Using a Multiple Listing Service

[ad_1]

Today, realtors strive to make selling homes for potential sellers as feasible as possible. They have invested millions of dollars in developing Multiple Listing Services (MLS) and other technologies that facilitate efficient transactions. Through the MLS, brokers are able to share information on their property listings with other brokers who get compensated when they produce a buyer. Even though the real estate market is competitive, this arrangement has allowed competitors to cooperate in order to benefit the sellers.

1. Increased Exposure to Property

With MLS, sellers do not need to struggle to get potential buyers to see their property. Instead, the service lists their property, which is viewable to thousands of home seekers who visit the sites. Brokers cooperate with other brokers to list the property on multiple sites. This allows sellers to use a platform that was created by realtors for realtors to leverage a wide market for their property. In the long run, this helps to reduce unnecessary fees.

2. Sellers Can Relax

In the past, sellers used to work with several brokers and realtors when selling a property. This proved to be daunting, especially when making follow-ups and meeting potential buyers. This is no longer the case. With MLS, you take the photos of the property and upload them to the site. This allows buyers to get a picture of the property before a visit. Most providers allow the listing to remain on the site up to 6 months until the seller gets a buyer.

3. Professional Legal Help

There are legal aspects that are involved in selling a property and it is important to get everything right. Any issue could lead to delaying the sale of the property or not selling it at all. There are agreements to be signed that highlight the estimated price, advertising costs, commissions and agreement duration. A multiple listing service helps sellers to understand and meet some of these requirements to ensure a hassle-free sale. They also can help in unique cases such as where a divorce is involved.

4. Guaranteed Seller’s Privacy

MLS are maintained for real estate professionals to assist their clients with buying or selling a property. The participating brokers provide the data of the listings to the public free-of-charge. In such cases, the data is useful to the sale of the property and the buyer may want to access it. However, there are some cases that sellers may want to limit access to certain information such as personal contact information and the times when the property is vacant for showings. The service ensures that the seller’s information is not shared without permission.

Multiple Listing Services are a true reflection of the competition and innovation that exists in the real estate market. These services have help to ensure sellers can advertise their property to a wider audience. It is safe, easy and convenient for both sellers and buyers. There are different business models, such as full service and limited service, that MLS use, and a seller can choose an option that they deem best.

[ad_2]

Source by Alfred Ardis

Tips To Find the Best Homes For Sale

[ad_1]

Are you on the verge of buying a new home in the city? It can be a thrilling episode altogether if you’re planning to change the neighborhood or moving to a new city. The townhouses stand to be a favorable choice for most property buyers interested to move to cities. The traditional narrow and terraced houses with more than two to three floors are good choices for families looking forward to budget homes. Again, investors consider buying such properties for their future benefits. But, if you and your family are excited to get a new residence in the town, few suggestions might help you.

Make your priority list

If you have a family with you, then you guys should sit along and discuss the priorities based on which choose the townhouse. For instance- a single person’s apartment differs from that of a family. If you are a family person with one or more kids, you need sufficient space for the children. You’ve to think about the future when your kids will grow up and will seek individual rooms. If you have are intending to buy this property as your permanent address, you have to consider the future. Moreover, you need some extra space, if you’ve pets along with you.

Stick to the additional features

Along with the spacious rooms and the living area for the family, you might have the interest in some special and additional features. It might include the number of balconies, how the rooms are faced, whether the rooms are receiving ample light and air and so on. If you have kids, you need to buy an airy home that receives ample sunlight and fresh air. You can also have a preference of choosing a sea facing or a riverside property so that you can enjoy the view from your townhouse.

Location matters

The location has a very important role to play when you are looking for the house. You gave to stick to the priorities and the location that might also include the priority list when you are about to choose a new residence. Make sure the area has easy access to the marketplaces, gas stations, medical stores, hospitals etc.

Take the help of a reliable real estate agent to find the best homes for sale in your preferred location. Make sure, the professional has the reputation of having the most updated property listing in the area. Besides, the agents help throughout the whole process of selecting and buying the house.

[ad_2]

Source by Rajesh B Sanghvi

4 Effective Ways of Animal Communication

[ad_1]

Are you an animal lover? Do you communicate with your pet? If you have long time experience of keeping pets then you probably understand their language. We do possess the skills that help us to interact with the animals. This is the reason why we human beings are much different from the other animals. To communicate with animals you can take the help of these tips.

• Start with your own pet- Your pet parrot can give you a good start. The best reason is that you already have a good connection with it and will understand better. Observe the pet keenly about how it behaves. This will give you a good idea about their behavior.

• Wait for their response- Let the pet respond when you say them anything. The response is important so wait for their response and do not continue to talk with them. While they reply their behavior can be analyzed in a better way. Give them the time to understand and apprehend. Of course, you do not expect to talk back. They will respond you in their own way. It can be a word, a whistle or even a gesture.

• Give proper responses- Always reply to your pets call like you do when your friends call you. If you do not pay attention to them they will become inattentive to you. If you are ignoring it this will be the biggest mistake you are making. If you feel that the pet is not responding enough then you have to take them to a pet psychic to restore their ability to speak again.

• Communicate with other animals- The moment you are able to connect with your pet you should give them more time. Always treat them well and with care. Whenever you are alone sit with the pet and take to them. You will enjoy very much when they are around you. At this point of time, you are also prepared to communicate with other kinds of animal.

To conclude it can be said that the more you talk with your pet and observe their response the more you will be learning about them. In this way, you can learn to communicate with other animals. To learn more you can take help from the net where you will find a lot of information about pet psychics, animal talk, and animal communication if you are interested in the subject.

[ad_2]

Source by Aman Tumukur Khanna

How to Buy Government Foreclosed Properties and Find Unexpected Bargains

[ad_1]

Government foreclosed properties for sale are available to the general public. If you are looking for a bargain, buying a government foreclosure could be a very interesting alternative to the regular house market.

Perhaps you dream of owning your own home but do not have enough money saved. In this case, government foreclosed properties could be a profitable operation provided you handle it with extreme care.

Where do government foreclosures come from?

Government foreclosed properties exist because homeowners stopped repaying their mortgage or paying taxes and the house was foreclosed upon. As a result, the lender or some government entity claimed and repossessed the foreclosed property and put it up for sale.

Government foreclosed properties sell for amounts that are well below the market price and are therefore very sought-after.

How to go about finding government foreclosure homes

There are different places where you can search for government foreclosed properties. Local real estate magazines and newsletters of the conventional sort continue to be a great source for finding foreclosures.

However, you do not need to limit yourself to traditional resources. The Internet can be a treasure trove of government foreclosed properties provided you can keep focused and organized. There are so many foreclosure listings online that you can easily get lost.

Generally, local real estate agents are a very good source for different types of foreclosure listings too.

Something you should never do is rushing to buy a government foreclosure because you think it is a once-in-a-lifetime opportunity. This is a recipe for disaster.

If you have no experience in buying foreclosures, do not purchase any property until you have comprehensive information about the state of the property and you have pondered it carefully. Engaging a real estate agent or a professional that guides you in this transaction is your best insurance.

Visiting the government foreclosed homes

Foreclosure laws vary from state to state, also regarding what you can do before actually buying the government foreclosed properties. As a general rule, though, you will have to inspect the house you are after and hire specialists that alert you about structural building issues, if any.

Unresolved liens on the property or other legal problems are also something that you need to take into account.

If it is the first time you are buying a house and you do not seek professional advice, you do not know what you can get into. You will find that some government foreclosures are in a reasonably good condition while others are rather run down.

[ad_2]

Source by Mei Fontana

Buying a Property in Romania – Real Estate Law in Romania

[ad_1]

If you are looking to buy a holiday or second home or invest in Romania, Transylvania or at the Black Sea and you are a foreign citizen/investor, there are few aspects you should know about the procedure an the costs for the acquisition of Romanian land or Romanian houses.

After 2012, foreign citizens EU citizens (non-Romanian) may purchase a home or apartment in Romania may freely buy and sell any Romanian property, without restrictions. Along with the sell price for the property, buying real estate in Romania has other costs associated with it.

If you have chosen to collaborate with a Romanian real estate agent/ broker you can expect to have an additional commission of approximately 2-4% of the price of the property. The local tax will be 2-4% of the price of the property. The signing of a contract must be witnessed by a public notary who submits it for certification by the Land Registry in charge of real estate records. The fees for the Romanian public notary is about 0.5-1% of the purchase price. You will also have to pay fees to the Land Registry („Cartea Funciara“) to register the Transfer Deed. The Romanian Land Registry Fee for a purchase of a property will vary from 1-3% according to the length of time that the seller had owned the property and the property’s value.

The Romanian law on property states that Citizens of EU member states, legal persons incorporated in the EU member states and stateless people domiciled in an EU member state can purchase land in Romania only if the land is used for secondary residences or for secondary headquarters after a 5 (five) years term from the accession of Romania to the EU (starting with January 1st, 2012); only for the agricultural land and forest land 7 (seven) years term from the accession of Romania to the EU ( starting with January 1st, 2014).

But for the Citizens, legal persons and stateless people not from a EU member state, the Romanian legal system establishes that they can purchase land in Romania, under the conditions of international treaties between Romania and the states of origin on these persons, under a reciprocity basis.

In our point of view, a prudent investor will hire a Romanian lawyer/ a Romanian Law Office, who will liaise closely with the notary on the verification of the title, obtaining the Land Registry excerpt and the drafting of the agreement for the transfer of ownership of the real estate. This means that the Romanian lawyer will be solely acting for and is responsible to his or her client, whereas the notary will not have the same degree of responsibility to the purchaser.

Under Romanian law there are three basic rights to land and buildings such as right of ownership; usage rights as lease, usufruct, superficies; concession right. The principle of contractual liberty represents the key core of the property law in Romania.

Sometimes, an investor/purchaser can opt for closing a pre-sale agreement, by which the seller undertakes to transfer ownership to the buyer at a certain date in exchange for an agreed consideration. The content of the pre-sale contract will stipulate all commercial and legal conditions for the transfer of ownership, as conditions precedent to the final transfer of ownership. The closing of such pre-contract for purchase does not means the transfer over the property, but the stipulate binding obligations for the parties, in regard to, as example, damages or penalties set out in them, if the seller refuses to sign the final notarized deed of transfer at the agreed deadline.

The closing of the pre-sale agreement is to protect the investor/buyer from any possible purchase to other buyers and to matters regarding the fixed price and duration of a future purchase. In our point of view, it is a must that the pre-sale agreement to be concluded at a Public Notary and clearly stipulate the sale price and other clauses regarding duration of future purchase. In this case, it can be enforced in court on the buyer’s request as a deed to transfer ownership.

A sale agreement signed in Romania, according to the Romanian legislation will mandatory stipulate: obligations of the parties for the fulfillment of the sale contract, delivery and quality conditions of goods and/or services, terms, payment methods and payment guarantees, payment instruments and price insurance, contractual risk, as well as method of solving eventual litigations arising from the contract. Other required elements include the full name and identification details of the parties (for legal entities) and name of the person signing the contract (representing a legal entity).

Our team of romanian lawyers offer a wide variety of legal services in the real estate law http://www.lawyersinromania.com

[ad_2]

Source by Simona Rotaru

Cider Making Process

[ad_1]

Cider for me is the best alcoholic beverage, from when I was sipping a shared bottle of white lightning in the local park (we’ve all done it) to enjoying a cold one at the pub during the summer months it always has had the same refreshing, relaxing and rejuvenating effect. My appreciation of this beverage has lasted year after year, so this article will hope to enlighten you just a bit more on what is cider, how cider is produced, and what is is the best cider. I hope it’s useful.

Cider is a renowned drink throughout the United Kingdom and Ireland; it comes in a range of forms from the traditional dry cider to the sweet cider, which allows it to be enjoyed by a whole range of individuals.

Most apples grown are suitable for cider making, though in a region like Kent cider-makers prefer to use a mixture of eating and cider apples or just cider apples if you are in the West Country.

On collection of these apples they are immediately grounded down in to what is known as a pomace or pommage. This process back in the day would of been undertaken at cider mills by hand or using either water or horse power. These days most cider presses are electrical, with the whole process looking to ensure the pomace is only exposed to air for a limited amount of time.

After this the all important fermentation process takes place, this is done at a temperature of 4-16 degrees C, which is low for most fermentations but is beneficial to cider at this temperature. Before the fermentation process consumes all the sugar, the cider is moved to a new vat, leaving dead yeast cells and any other undesirable materials at the bottom of the old vat.

Finally the last stage of fermentation creates a small amount of carbonation, which can be enhanced by adding some extra sugar. After a three month fermentation period the cider is ready to drink, but it is commonplace to leave it in vats for up to two years.

They are then removed from the vats and bottled. In some larger-scale cider production they have ciders produced from different varieties of apple, which in this case the cider may be blended to accord with market taste. When the cider is bottled usually some extra sugar is added for sparkle. Cider bottles are normally used but some home brewers use beer bottles, which work well and are inexpensive.

The West- Country is known as a leading cider producing region and one of the best (in my opinion). The majority of ciders in this part of the United Kingdom are known as Scrumpy which is a local term for small or withered apple. They are over 25 Cider produces in Somerset and then following is Cornwall who is another big Cider county for the West Country.

In Cornwall there is a range of traditional ciders such as the previous mentioned Scrumpy Cider which is a strong cyder that can be bought medium dry and medium sweet at 7.4% alcohol volume.

Recently a new Cider has started becoming popular across the UK. The beverage that I speak of is the Cornish Rattler. This cider was originally only available in draught format, but after requests from numerous customers they have now bottled it. Made to be different in taste and appearance, this cloudy Cornish cyder is 6% ABV and sparkling. It was voted Best Bottled Cider at ciderfestivals.co.uk 2008. If I was to recommend you try any Cider it would be the Cornish Rattler, I feel its taste retains the original Cider taste but then adds certain delicate sweetness which is not sickly and compliments the original cider taste well.

So with Rattler now available in your local retailers I would recommend you go and check it out, if you like cider you won’t be disappointed.

[ad_2]

Source by Lewis G James

Overcapitalisation – Why Cost Does Not Equal Value?

[ad_1]

If you are unaware of the real estate terminologies then you might be wondering what overcapitalisation is. Basically, overcapitalisation refers to an overspend on construction or renovation costs which means the actual cost of a construction/renovation of the property is superior to its real market value. Overcapitalisation is also considered as asset inflation. Confused? Let’s make it simple. For instance, Mr A is planning to renovate his house by remodeling the bathrooms, basement and kitchen; upgrading the living room and bedrooms; adding a porch and swimming pool; installing vinyl siding, fencing front entrance and extending the garden. Mr A decides to use upper end expensive quality materials in the renovation. While doing so, he forgot to consider the real market value and quality of the houses in this area, which was lower than the value of his upgraded house. This is overcapitalisation.

Now the next question is what should be done to avoid overcapitalisation? Simple! When renovators and home builders are planning for home improvements, they must keep in mind some factors which have greater impact on the overall value of the property. For instance, evaluating neighbour’s housing style, demographics of neighbourhood, streetscape, design trends of neighbouring property, and recent resale prices of the homes in the area.

Although generally improvements and renovations add value to a property, it will be wrong to say they will ALWAYS increase its value. The reason is that if renovations and improvements are overdone, without keeping in view the real value of the area where your property is located, you might be overcapitalising your property. This means that your property cost will not equal its market value.

Hence, it is rational that a renovator or home builder is aware of overcapitalisation, and increases the value of the property only to an extent that it can cope up with. Remember, you’ve got to be really careful about overcapitalisation when upgrading or renovating your property.

Often overcapilisation occurs when people are not rational and business minded in their approach. Typically home owners will spend more on fixtures and fittings with the aim to live in the property.

Some cultures often prefer to live in larger homes as status symbols and will opt to spend more on improvements than is the norm in the locaility.

However if you are an investor or builder, it is important to get the mix right as this will result in higher profit margins. Getting it wrong can often mean longer selling periods and discounted prices. Do your due diligence to avoid disappointment.

[ad_2]

Source by Keith P

Flat Fee Broker For Your Real Estate Listing

[ad_1]

Have you ever thought why your real estates listing did not get the attention of the right kind of buyers? Have you thought of less cost of your property you sold? Well if you had taken help of flat fee brokers to get your home list on MLS, the case would have been totally different. List on MLS is the best medium for your real est listing to reach the best buyers who might be looking for the kind of home you are looking to sell. List on MLS is not something you must be running away from. This real est listing platform gets your home the best market exposure which is indeed required to get the right price your property deserves.

List on MLS is what saves you thousands in sales commission you paid to traditional real estates agent in the past. This might seems to be unbelievable to someone who has been using traditional real estate brokers for selling their homes.

But this is something you need to understand to get better market price for your home. List On MLS is not something you can ignore for a long time or be afraid of using it. Flat Fee Broker will help you get your real estates listing listed in MLS. Once you understand how List On MLS works, the advantages, benefits you will get once your property is in list on MLS. You just need to have the details of your property ready and call up a flat fee broker who will help your property to get in list on MLS.

Once your home you are looking to sell is list on MLS, you will see the difference you can compare your selling experience with traditional real estate agent. When you are ready for real est listing to be listed in MLS (Multiple Listing Service) you will see how big the savings are. You are paying only a petty upfront fee to list on MLS and flat fee broker will guide you all the process to provide you a comfortable selling experience. If you compare the same with past selling experiences with real estates agents, you save thousands in sales commission which can be amounted to 6-7%. And the upfront fees you pay to list on MLS is only be around $299 depending on the list on MLS package you opt for.

You can’t take too many risks regarding your real estates listing which is quite important to approach a licensed flat fee broker. You might find many flat fee brokers for your real est listing but you need the company who have been in the business for a while and understand the procedure. Flat fee brokers will help you in entire process to get your home property listed in MLS and will help you till the deal is closed. When you approach a flat fee broker you can have a list of queries you have for your real estate listing. You might be new to know the procedure of list on MLS but this is something you will feel very comfortable and easy selling process. So what are you waiting for…go for the best flat fee brokers in the business who will help you get your property list on MLS and you will feel the difference. Continental Real Est Group will help you get your real estate listing to be list on MLS.

[ad_2]

Source by Neck Hayden

Buying a Home in Jupiter, FL – Is It the Right Time?

[ad_1]

Purchasing a home, especially if it’s the first time, can be an intimidating process, so it’s not surprising that you’re trying to do it right. Of course, timing is an important part of the home buying process, but in the Jupiter real estate market, when is the right time, exactly? Unfortunately, there is no perfect time to buy a home in South Florida, but there are some clues that can help you to make the wisest decision.

How Does the Florida Real Estate Market Differ?

Jupiter, FL and the surrounding areas like Hobe Sound, Tequesta, Palm Beach Gardens and the Treasure Coast are known as an ideal place to buy a home, not only because of the beautiful weather and proximity of some of the best beaches in the country, but also because home buyers enjoy great features and an impressive return on investment. There are, however some considerations to keep in mind when purchasing a home in Florida.

You’ve probably already noticed a difference in the typical home buying „season.“ Though the winter months may be a bit of a down time in most real estate markets, it’s a more vibrant time in Jupiter. In fact some make their home in Florida only during the cooler months. It’s also important to recognize that there are some subtle differences in the home buying process because of the coastal location. For example, insurance is a must, but it’s generally lower if you purchase a home built after 2002, so getting the mix of location, home features and timing right is important when you buy a home in Jupiter.

Is the Timing Right?

The traditional home buying seasons are spring and summer, but these aren’t the only options. In fact, you might have better luck buying your Jupiter home during the off-seasons. Sometimes peak season means that you’ll run into more completion and higher prices. In fact, there’s some wisdom in the suggestion that the best days to purchase a home are during the Christmas holiday season. Whether you celebrate Christmas or not, you’ll encounter many homeowners that are in a festive mood and it’s thought that only serious sellers place their homes on the market at this time.

Take a look at the local real estate listings for Jupiter, if houses have been sitting on the market for a while, it might be the time to make your move. If properties are selling quickly though, you might be in a seller’s market, which can raise prices and leave you frustrated. It’s completely acceptable to rent a Palm Beach County home while you are waiting for the right time to arise.

Whenever you begin your Jupiter home search, it’s a good idea to work with a real estate pro that is familiar with the local market. The best time to buy may vary from year to year, and even from neighborhood to neighborhood. What’s vital to consider though, is whether the timing is really right for you.

Where are Your Finances?

You may have great credit and a great job, but that doesn’t necessarily mean that it’s the right time to buy a home. Most lenders will want you to make a large down payment, 20% of the home’s price, in many cases. This isn’t always the case however, and some homeowners are surprised when they learn that they qualify for special programs and down payment assistance. As a first time homebuyer, special assistance may be available to you through state programs, so reaching out to a Jupiter real estate expert for advice on timing isn’t a bad idea.

Once you have your down payment situated, you’ll still need to decide if you can afford the monthly mortgage. Before you even begin home shopping, you should have a solid understanding of how much home you can really afford. Monthly mortgage payments should be a large part of your calculations, but you should also keep in mind that you’ll have maintenance costs, homeowners association fees, insurance and other costs associated with the home.

If your credit is shaky, that doesn’t necessarily mean that you won’t qualify for a home loan. It can make the process more difficult, however. If you can devote some time to repairing your credit score, it will make buying a home easier, so waiting can work to your benefit.

Buying a Home is Highly Personal

There’s a reason why buying a home is such a momentous experience. It’s a major step! As ready as you might feel to take that step financially, you might not be ready in other ways. Where are you at in your career? Would you consider a relocation, if a better opportunity was offered? Are you considering a marriage or divorce? Are you planning to have children, or do you have children who will soon be leaving the nest? These are just some of the questions to ask yourself before you sign on the dotted line. There are quite a few costs associated with the purchase of a home, so the longer you can stay put in your Jupiter home, the easier the purchase will be on your pocketbook.

Getting Started with the Jupiter Home Search

If the timing is right, we’ll help you get started. It never hurts to take a look at what’s out there when you are still deciding if Jupiter home ownership is right for you.

[ad_2]

Source by Scott Lillian