Home renovations are no small feat, and can put a big dent in your bank account. Considering the huge expense, you want to be sure every dollar is spent wisely throughout the renovations. Knowing exactly what to expect before the project even begins will help prepare you for the project. And to make that happen, you should start off by asking your contractor a number of critical questions before the process starts.
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The current California housing market can be described in so many di erent ways. Right now the state is experiencing an inventory crunch, and housing a ordability is a real problem. Housing action is starting to shift inland as supply in coastal areas remains tight. But what about the people who make up the California housing market? Let’s have a closer look at the individuals who are part of the buying and selling process in California real estate for 2016.
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Getting approved for a mortgage these days is nowhere near as easy as it was before the economic debacle back in 2008. Lenders are a lot more stringent in their mortgage lending criteria, and for good reason: they don’t want to get stuck with a pile of loans in default. About one-third of all mortgage applications are denied by lenders, according to the Mortgage Bankers Association. And half of refinancing applications are also rejected.
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Picture yourself living in a 300 square-foot minuscule apartment, and paying the same rent price as you would for a place three times the size. That’s exactly what an increasing number of renters are doing these days just to be able to claim zip code in some of the country’s most expensive places to live.
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If you thought finding the perfect home was the hard part of the home buying process, what until you actually have to go from offer acceptance to closing. A bunch of steps need to be taken in proper succession order to take you through escrow, one of which is a home appraisal.
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Whether there are tons of competing listings in your neighborhood or you happen to be in a slow market, making your property stand out from the crowd is crucial to a quick sale. And while an affordable listing price may be the first thing that buyers may be attracted to, there are plenty of other tings you can do to lure buyers to your listing and get your home sold quickly.
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If there’s any state in the US that has experienced a sizzling hot real estate market over the recent past, it’s California. 2015 was a stellar year that brought significant growth and milestones in California’s housing’s recovery.
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After pounding the pavement in search of the perfect home, you finally find one. An offer is put in and accepted, and all closing processes and costs are taken care of. You move in and begin life in your new home – what could possibly go wrong? That depends on whether or not you opted for title insurance. When you buy a home, you’re given title to the property. It’s this title that provides you – the new owner – with the right to possess and use the home and the land that it’s on.
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If there’s any place on the planet that’s known for its luxury housing, it’s San Francisco. But despite flourishing since the market started improving after the recession of 2008, the luxury market in San Fran is beginning to cool off.
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