The Top Five Things You Need to Know if You Are Buying or Selling a Home

!: The Top Five Things You Need to Know if You Are Buying or Selling a Home

This article is designed to address what I consider the really "big ticket" items that simply cannot be ignored by either buyers or sellers. These are things that, in my opinion, simply must be done to even start the process of putting a house on the market to sell or to initiate the purchase of a home.

For most of us our homes are the biggest asset we will ever have. Increasingly, it is the one asset by which we have accumulated equity or "wealth" of any significance and by which we can borrow against to restructure debt, use as collateral for lines of credit and even draw on for a retirement fund. Consequently, when we purchase or sell our home it is often now much more than just providing for, or changing the roof over our heads.

Throw into the mix the emotional component of the "home is where the heart is" and you have an extremely complex and layered investment. It is rare the individual that sees the rooms of a house only as a structure rather than the nursery they will bring home their first born, the first place they can call their own where they will entertain friends and family, the "nest" where they will begin a marriage, the room where grandmother will have her own space and be close by to care for, the place where a son or daughter will remember a childhood and yes, the place where sometimes people gather around a bedside to say good bye.

When faced with the sometimes daunting, sometimes exhilarating, sometimes scary, sometimes frustrating task of a home purchase or sale it is often helpful to have a plan of action; a set of goals; a blue print (no pun intended) as it were for navigating the process of purchasing or selling a home. To that end, the following attempts to provide knowledge, advice and guidance gathered and compiled from many professionals, with years of experience.

So, let us begin. Some of it may be repetitious to you as you may already be aware of, or have the knowledge of, the information provided. But, taken as a whole, the intent is to provide a complete picture for a fairly wide spectrum of individual experiences that addresses, at some point, an issue or point of view not only relevant to the reader, but valuable to them as well. It is quite possible, actually probable, that just one point, of and by itself from the list provided here will save you thousands of dollars and/or momentous heartache.

Number 4 - Arrange Your Personal Financial Information in Advance

Raise your hand if you have had to qualify for a home loan before. For those who have their hands raised, you already know the drill and how impersonal, probing and detailed it can become. You have found your dream home, you envision holidays, birthdays, weddings, hopes, dreams, family, friends, love and happiness. Then the screech and collision of qualifying for a home loan meets the dream. A little advance preparation will do wonders for getting one ready for the reality of what to face as well as smooth the process for all parties concerned.

The list provided below is what I recommend first time or anytime buyers to prepare in advance of looking for a home and certainly in advance of talking to a mortgage broker. This information combined with your credit scores and reports, puts you in a distinct advantage when discussing loan packages available, requirements necessary to complete a loan package and time savings if critical to the completion of the purchase. In addition, and maybe even most importantly, having prepared all of this in advance creates the accurate perception by your team of professionals representing you, that you are serious about purchasing a home. I will assure you, commissioned professionals get real serious with people that make their jobs easier and don't waste their time.

o Last two years of tax returns.

o Financial statement prepared by an accountant if possible.

o If renting, copy of lease and twelve months of cancelled checks showing rent payments on time.

o Copies of last two months utility bills.
o Photocopies of drivers license and social security card.

o The final purchase contract for the house (if applicable).

o If you're self-employed, the mortgage company may require your personal and business tax returns for the previous two years and your company's year-to-date Profit and Loss statement.

o Divorce settlement papers, if applicable.

o Updated account statements for listed assets in the application that may have changed in value.

o Information about debts or credit report items that may have been delinquent or not accurate.

o Evidence of your mortgage payments, such as canceled checks.

o An irrevocable gift letter if you are receiving a monetary gift from a relative.

o Your bank account numbers and the address of your bank branch, along with checking and savings account statements for the previous 2-3 months.

o Last two pay stubs, W2 withholding forms, tax returns for two years, or other proof of employment and income verification.

o Credit card bills for the past few billing periods, or canceled checks for rent or utility bill payments, to show payment history and amount of revolving debt.

o Information on other consumer debt such as car loans, furniture loans, student loans and retail credit cards.

Organize and place all of this information in a three ring binder with labeled dividers. Make three copies, one for your mortgage broker and two additional copies, one for yourself and one extra in case it is needed (which more than likely will happen).

Number 5 - Common Sense Do's and Don'ts For Both Buyers and Sellers

Often, common sense is just not that common. It seems to me, one would want to make the best impression on strangers coming into your home even if they aren't coming to give you thousands of dollars in exchange for it. I guess sometimes life gets us going round and round so fast, we forget the obvious. To that end, the following is a compilation of good sound advice to spruce up your home when putting it on the market. You can use some of it before Aunt Ethel comes over as well.

o If you are buying a house, for goodness sakes don't go out and purchase a car or any other big ticket item right before after applying for a loan. This includes applying for credit cards and making credit card purchases. If you have to buy something on a credit card make sure it is less than 30% of the available credit.

o If you are selling a home do clean it up. Slap a coat of off-white paint on the walls, shine the bathroom fixtures, clean the carpet, replace a cat box so that it doesn't smell, oil the windows and doors so they open easily without creaking, clean the windows, polish the door knobs. Do remove all the appliances and anything else from the kitchen counter to show off the counter space. Do remove all clutter from shelves, closets and store rooms.

o When pricing your house for sale, don't price it too high. Yes, you can always come down but by that time your buyers may have bought something else. Besides, lowering the price significantly signals desperation or that something is keeping this property from selling.

o Do plant some flowers in the front if at all possible or get potted flowering plants to spruce of the front when selling. Make the front door look as fresh and new as possible. If need be, paint the front door, definitely shine up the door hardware, clean the back yard and do anything possible to make the yard look neat and clean like racking leaves and mowing the grass. Put a plush new door mat at the front door. You can always take it with you but it helps give a good first impression. And, put the toilet seat down!

(Due to space limitations, this is an exert from The Top Five Things You Need to Know if You Are Buying or Selling a Home. If you would like the complete article, please go to our site and we will immediately email you a free copy.)

The Top Five Things You Need to Know if You Are Buying or Selling a Home

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Creative Space saving Cabinets and storehouse Ideas

Space salvage organizational systems such as a wall magazine rack or a recessed toilet paper owner for the bathroom makes everything look neater and easier to keep clean. That isn't the only room in the house that can benefit from these systems.

A cabinet spice rack can free up an predicted number of space in the kitchen. For the bedroom, a jewelry cabinet may be just what you need to tame your popular items. Many times, it is simply a matter of arrival up with the right idea for the room.

Recessed Toilet Paper Hol

Bathrooms

Creative Space saving Cabinets and storehouse Ideas

For being one of the smallest rooms in the house, this area has to hold a lot of stuff. Recessed medicine cabinets are a great start. If you would like something unique, consider a recessed toilet paper owner with a wall magazine rack built in. You've even seen some of these multipurpose type units in market grade stainless steel in communal bathrooms. But they are also available in wood for the home!

These multifunctional units come in a variety of configurations to suit your needs. A recessed toilet paper owner might have a trash bin and paper owner with a separate wall magazine rack, or they can have tissue dispensers, paper, garbage, magazines, and a medicine cabinet all in one unit.

Even better, many of these types of units are "modular" in that you could customize them to pick the different "modules" you want your unit to have and the order they appear in the unit!

These come in almost any close or you can order them unfinished and unblemished the system yourself. To make them precisely stand out, add a glass or mirrored door to the system or simply frame it in with intricate molding. A recessed toilet paper owner or wall magazine rack can have an arched top to give the lines in your bathroom some variety.

Bedrooms

Small bedrooms pose a singular challenge. In many instances, there isn't sufficient room to consist of dressers or stand alone jewelry cabinet for small items. An in-the-wall system may be just what you are seeing for. On the outside, these are very similar to a recessed medicine cabinet often with a mirror face and artistic wood frames.

Instead of wide shelves, the inside of a jewelry cabinet is full of bars, hooks, and small shelves designed specifically for retention these delicate items without tangling together. They can even have a secret hinge and locking mechanism to make them safe and get without harming the visual petition of the piece.

For pierced earrings, stretch a pretty piece of cloth over an cheap exaggeration hoop. Then, push the earrings through the material, put the backing on the other side, and hang it up next to the jewelry cabinet.

Kitchens

The spices and small bottles are the first thing to become horribly unorganized. It is rare to have sufficient space for everything causing them to start spreading to other cupboards or the countertop. A cabinet spice rack can help you deal with this problem. A cabinet spice rack comes in almost any size and is available in whether a singular or dual version.

They can hang on the wall or you can purchase a recessed cabinet spice rack to save space. Add a door and even a mirror on the front, or you can leave them open to show off your culinary prowess.

A wall magazine rack, cabinet spice rack, jewelry cabinet, and a recessed toilet paper owner are just a few of the space salvage warehouse ideas you can integrate into your home. They are easy to install. The lower stress level and attractiveness they add to each room will make you wonder how you ever lived without them.

Creative Space saving Cabinets and storehouse IdeasCROWNLINE 270 Bowrider analysis cedarport.com Tube. Duration : 4.75 Mins.

The Grand Tour The 270 gets an A + for fit and finish. Everything on the boat is clean and elegant. We do not have a single complaint. The arch is a V-shaped sofa that has three different configurations. You can use the standard table pedestal, bow cushions set in the optional filler, or just find the open space. Located In addition to storage space under the sofa cushions, you will also need to anchor the rope and loose at the top of the arc. Moving backthe bend, walk, shaded through the windscreen and bow completely built through the gates, we found a large social area in the console port built. The front panel is the front passenger seat, that just as the captain of the seat (including goiter). In addition to a portable toilet, the main compartment sink with cold water and a vanity mirror. A small pocket designed to hold the toilet paper, a role built into the sink is fiberglass console. A screened doorprovides plenty of light and ventilation, but it gets the back-up support in the form of electric light and an electric fan. Crownline has thrown in a carbon monoxide detector and a 12V power outlet, and there is a zip pocket inside the bathroom door. Back in the cockpit, fake burl wood trim to decorate the top. The exhibition stainless steel bezeled Faria analog rockers and several have been well designed, and another 12V power outlet, including the Corona line...

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