How Much House, Can You AFFORD?

If you wish, to enjoy, the happiest experience, from your home, doesn’t it make sense, to avoid the unnecessary stress and tension/ hassle, from buying, a place, beyond your comfortable, financial – means? In my, over 15 years, as a Real Estate Licensed Salesperson, in New York State, I have come, to believe, the happiest home buyer, is, almost always, one who purchases a house, he can AFFORD, which meets most of his key needs, and requirements/ personal priorities, etc! How much house, can you AFFORD? This question must be considered, seriously, before purchasing, what to most of us, is our single – biggest, financial asset. With that in mind, this article will attempt to, briefly, consider, examine, review, and discuss, using the mnemonic approach, what this means and represents, and why it matters.

1. Assets; attention; assumptions: Begin the process, by carefully reviewing all your current assets, and determining, how much, you feel, comfortably, is needed, to maintain, your perceived, nest – egg! During this consideration, one must pay keen attention, to his, other – than – housing needs/ expenses, and, what, he can really afford! It’s important to align one’s assumptions, with a well – considered, focus, on aligning your personal comfort zone, with, your true needs, etc!

2. Finances: Take a close, objective look, at your total financial picture, both, at – present, and into the future! How can anyone, fully enjoy their home, unless/ until, they examine their finances, and, objectively, know, what is currently, within their means, and, perhaps, their future potential?

3. Future: What is the objective of the house purchase? Are you considering it, as a starter – home, or your longer – term solution, to your, and your family’s housing needs, requires, and wishes? Depending on this, and, what the future, might bring, your decision, and action, should vary!

4. Options; opportunities; organized: What are your options, in terms of financial affordability, personal comfort zone, region/ area/ neighborhood, commuting to work, safety, etc? Does a specific house, often, any opportunities, because of it’s bones, region, area, neighborhood, lot – size, safety, schools/ educational system, etc? Your search will be better and more effective/ focused, if/ when, you proceed, in an organized manner!

5. Revenue; realistic; reasons; region: Is a single – family house, best, for you, or would you be better off, and feel more comfortable, with owning and living in a multi – family residence? If so, what is the probable, revenue source? Is your approach, realistic, and are your reasons, in your personal, best interests? Is there any flexibility, in terms of the region, etc?

6. Delve deeply; discover: Go beyond the surface, and delve deeply, into your best interests, etc, so you might discover, the best path, for you!

If you know, and are comfortable with, knowing what you can, truly, AFFORD, you will benefit. Are you ready to proceed, wisely?

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Three Critical Factors to Consider When Buying a Home Or Lot on Lake Murray South Carolina

All real estate is not created equal, and this is certainly true with waterfront property on Lake Murray South Carolina. Understanding what to look for can help in the decision making process and can also help to ensure years of enjoyment from your lake-front home. For most people, the three critical factors to consider when purchasing water-frontage on Lake Murray are whether it has fringe-land, whether the property can have a private dock, and whether it has year-round water.

The first critical factor is fringe-land. Fringe-land is a term used by SCE&G (South Carolina Electric and Gas) which basically refers to a seventy-five foot wide strip of land which is owned by SCE&G and lies between the edge of the lake and the adjacent waterfront property.

Owners of the adjacent property only have foot access to the lake and are restricted from encroaching upon the land or cutting trees or shrubs on the land without written consent. While the majority of properties on the lake do not have to contend with this “vegetative buffer”, there are still many properties in the more rural areas of the lake where this is a consideration. Generally, properties free from fringe-land are more desirable.

The second critical factor is the ability to have a private dock. Not all Lake Murray properties can have private docks. SCE&G controls dock permitting, and they have strict guidelines governing permit issuance. Properties that have the ability for a private dock are in more demand and typically command a higher price than those with only a shared dock or with no dock at all.

The third critical factor is whether the property has year-round water. With Lake Murray being a hydro-electric lake, it has an annual draw-down in the fall and winter. The result for land owners is that some properties might be “dry” during the low period. Unfortunately, most real estate agents do not understand how to properly evaluate this aspect of lake properties.

Often times properties will be presented as having year-round water, but they don’t. This is not usually intentional deceit on the part of the listing agent, but usually just a lack of skill. If you plan on purchasing a home or lot on Lake Murray, be sure your real estate agent can do a USGS based depth analysis on any property of interest.

When buying any real estate, you should perform proper due diligence. Now you have an idea of what to look for when considering making a purchase on Lake Murray South Carolina. See you on the lake!

Home Appliances And How To Buy The Best For Your Home

Home appliances add convenience in life. They ease out things in your home, making it possible for you to get tasks done faster and to enjoy a smoother life in general. The most common appliances in homes include dishwashers, dryers, washing machines, water heaters, vacuum cleaners and fridges among many others. With the right appliances in your home, you work is made simpler, faster and easier. But to enjoy what they can do for you, you must start by buying right.

The most important factors to consider when buying home appliances are the item features, style, size and cost. Remember that these items tend to be most visible in your home and they therefore have an impact on your house’s aura.

Style

The style of the appliances you select should accentuate the aesthetics of your home. Look for items that complement your interiors; you can actually coordinate the large appliances with cabinet colors or the woodwork present.

Size

The home appliances come in different sizes and you should start by evaluating how much space you have for what you are about to buy. Allocate specific spots in the house for the appliances and find out what size best suits the space available for them. You should try as much as possible not to have a home that looks overcrowded because of too many large appliances. The secret here is to spread out the appliances in the right areas and rooms in your home and getting just the perfect size for the space you have.

Features

They are what will determine what you can do and what you can enjoy from your appliance. For instance, you can think about hot and cold settings and control when buying your dishwasher so you are able to save energy and water when using. On the other hand, a refrigerator that has a freezer compartment can be a great choice instead of buying a fridge and freezer separately. Think about the energy saving features on all the appliances you buy and compare features so you are able to choose the most convenient items for your home.

Cost

There are so many brands and models out there when it comes to the home appliances. The truth is that the prices vary from brand to brand and from model to model. Sometimes the features of the appliances and the size determine the prices that you pay in the end. Take these factors into consideration and get what you desire at a price that you find affordable. Sometimes it is best to take a little time to save for that perfect appliance compared to rushing to buy one you might not find very useful depending on the needs you have. The cost of running your appliance and maintaining it should also be carefully thought through. A little research might be all you need to find a low cost and low maintenance high quality appliance. Take your time and choose the best items for your specific home needs.

Hey Buddy, Wanna Buy a House? Or What Do Realtors Actually Do for All That Money

Real estate as a profession has been around as long as there has been a United States and yet many people have little idea how Realtors actually function. This understanding is exasperated by the fact that no two Realtors practice in the exact same way. While the aim is the same, the methods employed are often quite different. Still, the basic process remains unchanged.

This matters because both buyers and sellers are often challenged by their living situation–or lack thereof–to the point of severe stress both emotional and financial. Understand the process can be a great help.

Buyers, for instance, tend to think of real estate sales persons as someone who wants to sell them a house, that they will even try to talk a person into buying a particular property in order to make another commission. While some new licenses may start out like a glorified used car salesman with this idea they rarely last. Over 70% of new agents fail in the first year.

What actually happens is the Realtor learns all they can about a person’s needs and finances and combs the market for a home to fit those needs and financial limitations. This last issue is usually the toughest. Buyers strive to get the most home for the least cost and sellers strive to sell for the highest price. Add direct competition from other buyers and the landscape can be challenging at best.

This is where a good Realtor is worth his or her weight in gold. Well, maybe not their weight in gold, although this may be true in some cases, but a considerable amount of money at a time when financial resources are usually stretched to the limit.

Helping a buyer into the right home at the right price is the job and Realtors have been doing just that for as long as there have been Realtors. If they didn’t they would have gone extinct ages ago especially in today’s computer driven markets.

Once the right home is found the job is just beginning. The best price and terms must be negotiated. This is an art in itself and can save the home buyer a sizable fortune. Here’s where the network of Realtor affiliated with the Multiple Listing Service (MLS) and the National Association of Realtors (NAR) comes into play.

Both the buyer and the seller are typically represented by separate agents, each legally required to serve their client’s needs and no other. Buyers and sellers do not directly interact. This single factor facilitates successful agreements more than any other means since Realtors as experienced negotiators can put together deals that individuals usually cannot as witnessed by the staggering rate of negotiation failures experienced by FSBOs (For Sale by Owner sellers working without representation)

Once the deal is struck the next challenge is getting to the closing table through financing, home inspections, attorney and title hang-ups and even timing. The previous owner must leave at the same time the new owners are ready to move in. This is often on the same say, the day of the closing. Here too expertise pays off while sellers who manage to strike a deal experience major fall-through issues and failed closings forcing them to start over with all the accompanying costs and missed opportunity.

Realtors facilitate successful transactions not by pushing their own agenda but by expediting their client’s needs and goals.

Not only is trying to sell someone a home counterproductive in a world of cautious buyers it undermines an experience agent’s foundation for continues success in the profession: repeat customers.

Sellers too often labor under misconception about the process of selling their property. If they gave it any consideration at all they might think that what doesn’t really happen to buyers actually does. No successful agent goes out and tries to talks someone into buying a house.

What actually happens is much like marketing any product or commodity. Simply put, the Realtor promotes the listing to the buying public in the best possible light. This process too is greatly facilitated by MLS associations as a repository of homes for sale. The MLS is the single best source for home sales in the country where over 90% of buyers find their home through agents affiliated with a regional MLS. The goal is that no one interested in buying a home is left unaware of the seller’s offering. And that the best possible light means the place must show well and the price must be competitive with other similar homes since buyers will always choose the best home at the best price.

This can be as much of a challenge for sellers as it is for buyers. Again, the seller is looking to maximize their investment which does not usually include fixing the place up. If they wanted to make improvements or repairs they wouldn’t be selling in the first place and for the price they are getting the buyer should be willing to accept less than picture perfect–at least that’s often the common thinking. This is just as reasonable as buyer’s being put off by homes that need work and in their opinion overpriced but not conducive to anyone getting what they want and need.

What results is conflict–almost every time. Solving these innate issues is what Realtor do best: Finding the right home for the buyers based on their needs not their own. Or market the seller’s home effectively to bring in a ready, willing, and able buyer. Then making it work for both parties all the way to the closing table and a fine new home for the buyer and a big check for the seller to enhance their bottom line as well as their living situation. Not bad, not bad at all.

Is It Good To Let Your House Stay On The Market During Holidays?

If you think that only the warmer months of the year are good times to sell your house, think again. The colder months brought by the upcoming holiday is also a good opportunity to sell your house. Listed below are some of the reasons you can take advantage of.

Fewer home owners sell during holidays.

The holidays, specifically Christmas, send signal to many homeowners that it is an inappropriate time to let their homes stay on the seller’s market. Many homeowners are also busy with their shopping lists, gift-giving, and Christmas parties.

This creates a unique opportunity for you because their will be fewer competitors. This means more chances for your house to get noticed by more buyers who are also taking the opportunity to buy their new homes.

One precaution to observe is to have your house in its best show condition. Have it clean, simple, and attractive.

Home buyers during the holidays are serious buyers.

The Christmas season is a time when most people busy themselves with various activities related to this festive time of the year. Do you think home buyers during this time will waste their times just to make fun of the homes listed in the seller’s market?

There are various reasons prompting home buyers to grab the holidays as a more serious time to buy a house. There are some who are relocating when the year changes. There are also some people who buy homes for tax reasons. Some buyers also grab the holiday vacations to actually conduct ocular of the houses they see on listings.

And because the holidays is a very busy time, be sure to adjust your showing times to the schedules of potential home buyers.

Less hassles to make your house attractive.

Home staging may be a difficult process to homeowners. But because you are selling your house in a time when decorations are fittingly good additions inside and outside your house, you can be sure that it will bring less hassle to make it more attractive.

Be sure to add decorations that will make the overall atmosphere joyous. Do not over decorate that will tend to make your house look and feel cluttered. You can let your house be a mirror of a home in which your potential buyers can imagine themselves celebrating their next holidays on it.

If your house has spent months in the seller’s market. Do not lose hope. This holiday can be the perfect opportunity for buyers to notice it.

And if you need some professional help, your local real estate agent is always a call away to lend his or her expertise.