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Archive for May 2009

Buyers: Be Prepared When Making a Contract Offer_PART IV

Conditions in the Contract Offer A contract to purchase real estate includes a sale price, mortgage to be obtained (more often than not) and a closing date. However, there is more to a contract to purchase than these details, and that includes the content language in the contract document. The form of the real estate Read More »

Factors That DO NOT Affect the Value of Real Estate_Part IV

How Much The Seller Needs Whether a home owner has owned their home for 30 years and has paid off their mortgage, or is one who has owned their home for only a few years and has an equity loan on top of the original mortgage, the market value of their home is what it Read More »

Factors That DO NOT Affect the Value of Real Estate_Part III

Actual Cost of Repairs and Improvements While it is true that that the condition of a home has a definite affect on its market value, and that a well maintained home will sell for more than a home in need of updating and repair, the actual cost of making repairs and improvements may not be Read More »

Factors That Do NOT Affect the Value of Real Estate_Part II

When the Home Was Purchased Whether a home was purchased twenty five years ago, three years ago or just last year, the purchase price was the value when it was purchased, and has nothing to do with it’s current market value when being sold, whether you are selling a home in Iselin, New Jersey, Colonia, Read More »

Buyers: Be Prepared When Making a Contract Offer_PART III

Terms of the Contract Offer Initial Deposit Be prepared to write a deposit check when making a contract offer to purchase real estate. Commonly referred to as a Binder, more commonly known as the initial deposit, this is the check made out to the Selling Real Estate Office when submitting a contract offer. In simple Read More »

Factors That DO NOT Affect the Value of Real Estate

A Home Is Worth What It Is Worth When selling a home, there are many factors which affect market value and the eventual sale price of a home, such as location, condition, size, amenities, features, improvements and upgrades, local economic conditions, the current real estate market and mortgage interest rates, among others. Some of these Read More »

Buyers: Be Prepared When Making A Contract Offer_Part II

The Contract Offer: What Price to Start With When a decision is made to make an offer to purchase a home, be sure to go back and take a second look. It is so much easier changing your mind about a home before a contract offer is made than after a contract offer is accepted Read More »