Getting the Home of Your Dreams through a Unique Method

If you are struggling to come up with a down payment or a high enough credit score that will enable you to get the home loan that you have been hoping for, there may be another option. Leasing or leasing-to-own a home may be the solution that you have been searching for. If you are not familiar with leasing or lease-to-own programs, you may feel uncertain and apprehensive about the idea. A lease-to-own option is not for everyone. It is important to know the pros and cons of leasing a home with the option to buy. It is also imperative that you are working with a real estate agent or real estate lawyer such as Lees Leasing Company LLC, who can make sure that your lease is fair and square and that each party can benefit for the lease-to-own option. 

Favoring Both Parties

When you are doing your research, you may hear that a lease-to-own option always favors the seller. This is not really true. Both the buyer and the seller can benefit from a lease option under the right circumstances. For example, imagine that you have found the perfect home, but your credit score is not quite up to snuff, or you need several thousand more dollars for the down payment. You can have your agent talk to the homeowner and see if they would be interested and willing to enter into a lease to own option with you. You would both agree on a set monthly payment that you would make to the homeowner. A portion of that amount (predetermined by you and the seller) would go into a separate account and would count toward your down payment at the end of the lease option. The homeowner would be able to continue to make the loan payment every month and you would be in the home of your dreams with the breathing room you need until you can get a home loan. 

Thinking Outside the Box

A lease-option is typically 1 to 3 years long. As the lessee, you would have the option to buy the home either at the end of the lease or before. Another great benefit of leasing is that you can agree on a purchase price at the time of the lease. That way neither party will have any problem with housing market fluctuations. The current market conditions of the area that you are looking for a home will determine the likelihood of finding a homeowner who is willing to enter into a lease-to-own option with you. If the market is slow, homes will be on the market for several months and will make it more likely that a homeowner would be willing to consider some other options outside of a traditional buy/sell arrangement. 

Professional Representation

It is important to note that most homeowners will feel more secure, confident, and willing to enter into a lease option with you, if you are represented by a professional agent or company such as Lees Leasing Company LLC. By using a professional who knows the ins and outs of leasing a home with the option to buy, both parties will be protected while achieving their goals in the long run. 

Homes for Sale: Questions to Ask about the House

One of the most important things to consider when buying a house is to determine your requirements. Some should be written in stone, while others could be flexible. For instance, do not overspend, and stick to the square footage you agreed upon with your partner. Maricopa homes for sale that are too small will feel cramped, while too much space is expensive. You will be paying for unnecessary maintenance, taxes, and utility bills. It is critical to ask yourself a number of questions. Be smart, and find the answers before calling a real estate agent. Do you want to know what you need to research? Here are 3 sample queries in regard to the house.

1. How Many Square Feet of Space Do I Need?

There is no one-size-fits-all answer for this question. Everyone has special space requirements, even if a family has the same amount of members. Different factors influence the calculations, such as hobbies and activities. A family with very active kids may need more storage space, and there may be a need for a craft room if mom or dad sews clothes, builds model airplanes, and does other fun crafts regularly. People in wheelchairs may also need more space to get around more easily.

2. Do I Need a Garden?

The summer heat can be brutal in Arizona. However, this condition only lasts a few months of the year. The rest of the time is ideal for barbecuing, outdoor sports, swimming in the pool, and gardening. Determine the size of your yard, and if it should be landscaped. Do you want a rock garden or lawn? You will have to irrigate regularly if you want greenery around the house.

3. Is It Necessary to Have a Garage?

Vehicles last longer in warm, dry climates. Without snow and little rain, they do not really have to be kept inside. On the other hand, it is not very comfortable to sit in a hot car when you are taking off, and your ride can get pretty dirty if it was outside during a dust storm. Think about all these factors when you are checking out Maricopa homes for sale, and before making up your mind whether or not you want a garage. There is also less chance to have your cars or bikes stolen when they are parked inside during the night.

Renting vs. Leasing a Home

When it comes to getting a home, there are several different options that are available to those prospective buyers and renters. There is always the option to rent, but some people prefer to buy. However, these are not the only two options available as some people will simply lease a place to live while others will lease with the intent to buy. If you do not have the credit, ability to get a loan, or the desire to ever buy a place, then buying is not in your future.  If you are sure that you do not want to buy, then you have the two options of leasing and renting. As you start venturing out to look at places to stay, there will be these two words, but you need to have a basic understanding. You can look at sites like www.LeesLeasingCompanyLLC.com, but if you don’t know what you want to do as far as renting or leasing goes, you will need some help to know what will be your best option. However, here are some basic things you can take into account that can help you get a better idea for what you would prefer to do.

Before going into specifics, it is best to understand the basic differences between the two options of leasing and renting. Leasing is considered a contract that allows you to rent land, buildings, homes, or an item to another person. The lease usually is for a specific amount of time. The amount of time specified is usually for a longer period of time and does not offer a lot of flexibility to either party. Not fulfilling the specific things written in the lease is considered breaking the lease and the contract usually gives the consequences for doing so. This is always written down and signed and it gives both the landlord and the signer a lot of stability and security in the agreement since it is meant to be a long-term deal.

Renting is a little bit different in that you might still sign a contract, but it is not always considered a long time agreement. If you want to rent for a long time, you definitely can find people who are willing to do it, but in general renting is considered to be a short-term arrangement. The agreement does not have to be written down and is oftentimes an orally agreed on price and duration. Usually when renting, the terms can be changed and there is a lot more flexibility between the two parties. This does not always equal a stable and secure agreement though which is why it is best for those looking for a short-term living arrangement.

Another thing to consider is that when renting, since the terms are a lot more flexible, it can be renewed month to month without a new signing or agreement. A lot of times it is just assumed that unless otherwise stated, the person will be staying longer, renewing the agreement. With a lease, this is never the case. A new lease must be signed in order to continue the arrangement. For more information, try talking about a lease option with a professional like www.LeesLeasingCompanyLLC.com to get a better idea.

Things to Consider When Apartment Hunting

Finding just the right apartment or house can be overwhelming and difficult. You need to consider location, price, size, and everything in between. Whether you’re looking for apartments in Destin, FL, or house hunting up north, there are lots of decisions to be made. Here are some things to keep in mind as you look through listings and tour potential homes.

Location

One of the biggest factors to consider when choosing a home is location. Often, people seem to put location at the very top of their wish lists. If you have children, you will want to move into a safe neighborhood with good schools. If you work, a short commute can take a lot of the stress out of your daily drive. You also need to figure out if you prefer city life, suburban living, or a more rural setting. There are pros and cons to each of these. The city offers many options for entertainment and cultural activities. Suburban living gets you close to the city, but far enough away that you can have a good size yard and child-friendly neighborhoods. Rural locations are great if you want a large lot and are interested in raising farm animals. Make a list of what you want to be able to do in your new home and figure out where those things are most likely to happen.

Price

Once you’ve narrowed down your choices by deciding where you’d like to live, it’s time to settle on your budget. Take a careful look at your finances, including debts, and figure out what a comfortable monthly payment would be for you. If you’re buying a home, it’s time to meet with a mortgage broker who can help you figure out how much you can afford. If you’re looking to rent, decide on a monthly payment that makes sense when you consider your income and your financial obligations. 

Size

After choosing your location and your budget, you can start thinking about the size of house you are looking for. The size you end up looking for can depend on a lot of different factors. Do you have children? If so, do you want them to have their own rooms? Do you need a room set apart for visitors and guests? Do you need an office space since you work from home? These are the kinds of questions you need to ask yourself. Come up with a list of the things you must have. Create a second list of features and rooms that you would like to have, but that you could live without. These lists will be important as you start touring potential homes, like the apartments in Destin, FL. With your ideal location, price, and size in mind, it’s time to start having fun as you consider this next phase in your life.

Tips for Buying a Home in Pebble Creek Arizona

Buying a house is a big achievement and a very exciting time! It can also be mind boggling, frustrating, and totally exhausting. There are at least 20 different papers to sign, earnest money to put down, and a loan to secure all before you even get the keys. To help you understand a little better what all is involved in buying a house in Pebble Creek, Arizona, read through this quick guide. Hopefully it will help calm your nerve just a little.

 

Sell Your Current Home

This may sound like a no-brainer but a lot of people don’t realize that they can’t qualify for a new home loan until their current place gets sold or is at least under contract to be sold. Before the real estate and economy crash, mortgage lenders would often offer people a bridge loan, a loan that would bridge the gap between their current home loan and their new one. It essentially would roll over into the next mortgage. Unfortunately these rollovers aren’t widely offered anymore. If you currently own a home and cannot cover the cost of two mortgages, your current home has to be under contract to be sold before you can officially qualify for a new one.

 

Lock in the Mortgage Rate

Again, sounds like a no-brainer. But often times a financial planner doesn’t inform the client that they are the ones who need to give them the go ahead to lock in the mortgage rate. It absolutely is something that every lender should inform every client of when they’re buying a house in Pebble Creek, Arizona, but they don’t always do it. So keep in touch with your financial advisor at least twice a week and ask what the mortgage rate is for that day. Again, you are in charge of getting yourself a good rate, so be sure to tell the lender when to lock it in.

How to Sellers Should Select Their Real Estate Agent

It is critically important to select a competent Pebble Creek real estate agent when selling your home. With the right representative, your house sells in record time, and for an incredible price. Is it not worth a little effort to investigate which Realtor is the most qualified to sell properties in your neighborhood? There are many issues you can research before making a hiring decision. Here are some of them.

Collect Reliable Referrals

Selling real estate property is often one of the most stressful decisions in life, because there is a lot of money at stake. If you want to succeed, you need a skilled representative able to sell your home fast, and for the most amount of money. Ask local friends and family that sold a house in the past for recommendations. Their agent may still be around. Inquire why they were so pleased with their Realtor. You have to verify that you have the same opinion about what makes a professional stand out from others. Gather at least 3 referrals before starting to investigate your candidates in-depth.

Experience Is Vital

A house is a huge investment. Therefore, the sale should get your full attention. Realtors who have been around for some time know better what modern buyers are looking for than beginners. They can help sellers improve their home. Trends change, and the ideas about what makes a house comfortable, yet stylish has changed tremendously in the last few decades. Skilled agents are aware of that fact. They can offer valuable advice on how to bring every home they are assigned to sell up to modern standards. Experts also have more advertising resources. A lot more citizens will find your property when completing on and offline searches for homes for sale in Arizona.

List of Questions

Discuss your intentions with acquaintances, because it will help you to understand the selling process better. However, be careful, because everyone’s situation is different. Write down all the questions that come up. Talk about these issues during your initial consultation with your candidates. Pay attention to the answers, and remove Realtors from your list who are vague and not very interested in being cooperative. They may only be looking to make money, and do not care about your goals. Here are several queries you should consider asking:

  • Are you a full- or part-time agent?
  • How many properties do you sell per year?
  • Do you specialize in specific real estate types, such as condos, resorts, adult communities, etc?
  • What is your list price to sales price ratio?
  • Which methods do you use to complete a thorough market analysis?
  • How long is the term of my contract with you?
  • Do you complete continuing education regularly, and how often?

Communications

It can be tough to trust an agent who is impossible to get a hold off. There is no reassurance that this Realtor will act more responsible when potential customers need information or want to schedule a viewing. Keep track of how quickly a Pebble Creek real estate agent responds when you leave a voice, text, or email message. Making a good impression is vital if you want to find a suitable buyer fast.

The Real Scoop on Buying Real Estate

If you are looking to buy a home in the near future, you are probably trying to map out the best game plan. You don’t want to take too much time searching for the perfect home, but you also don’t want to settle for the first one you see. You want to be sure you don’t spend too much, but how do you know what a good price is? There are so many different things to consider when looking at Lyndhurst, NJ, real estate, you may want a few guidelines. So here is the real scoop on buying real estate.

 

Online Is Where It’s At

If you haven’t looked for a home for a while (or ever), you may not realize that the market has gone online. House hunting online has changed the way that you can find your new home. You don’t have to drive around to each and every home before knowing what they have to offer. You can find a list of homes that meet your exact needs without ever having to step out your front door. Simply enter in your needed criteria, like square footage, number of bedrooms, location, etc, and you will be given a list of homes that match your needs. You will also be able to see pictures of the homes, inside and out. You can have a great idea of what a home is all about without ever having to step inside. Once you get a few homes you love, you can take the time to go see them in person.

 

Real Estate Agents Are Necessary

Sure, you can try to go through the process without a real estate agent, but it will be difficult. It will be stressful and a lot of work. If you want to actually enjoy the process of finding your new home, you should contact a realtor. They can help you navigate your way through the process and help you find a great home. They will be able to help you negotiate price, understand contracts, and more. They are definitely a necessity. 

 

Stay Within Your Budget

You may see people that have huge homes and wonder how they afford them. Many times, they can’t. The people are house broke or even in a lot of debt because they can’t make their payments. Just because you fall in love with a home, doesn’t mean it’s worth the money if you can’t afford it. When looking at Lyndhurst, NJ, real estate be honest with yourself about budget. You may end up with a smaller home, but you will be happy in the fact that you can afford it. 

Real Estate Can Open the World to You

Utah is one of the most diverse geographical states within the United States. During the warm summer months, residents and visitors can enjoy floating down the Provo River, attending outdoor concerts, and perusing farmers markets. During the snowy winters, people travel from all over to ski and snowboard down the many peaks in northern Utah. One of the main reasons people invest in Utah real estate is to enjoy hiking in and observing the many natural wonders of southern Utah. Of the many national parks located in Utah, some of the most famous are Bryce Canyon National Park, Arches National Park, and Zion National Park.

Bryce Canyon National Park

Visitors have said that Bryce Canyon National Park is even more beautiful than the Grand Canyon. Bryce Canyon consists of big natural amphitheaters and thousands of “hoodoos,” which are multi-colored rock peaks. While the sun shines, these formations shine brightly. During the dusk and evening hours the rocks are said to glow under the sunset. There are many options of how to view Bryce Canyon. You can hike around the amphitheaters or drive your car through the 20 mile park. There is also a shuttle that goes through the park, so you can see the beauty and hop off at your desired trail. In the winter there are options to snowshoe or cross country ski in the park.

Arches National Park

Arches National Park is located outside of Moab, Utah, which is an town that contains a multitude of outdoor activities. Arches is named thus for the over 2000 natural sandstone arches it holds. Arches are rock formations that create an archway, which must be three feet in all directions. This park also contains huge towers of sandstone, such as The Organ and The Three Gossips. Like in Bryce Canyon, visitors can drive through the park and stop in various places to hike. There are a variety of levels of hiking. While some people enjoy rock climbing and repelling, others enjoy a shallow walk to some of the beautiful sandstone arches. Other activities available in the park are camping, biking, backpacking, and auto touring. Many people also enjoy star gazing in the park as well. Arches National Park has been featured in multiple movies and films documenting national parks.

Zion National Park

The word Zion refers to a perfect society and place. Zion National Park is aptly named for its beauty and individual presence. Located on the border of Utah and Arizona, the park is best known for Zion Canyon, which is 15 miles long and gets to a half mile deep in some areas. The rock in the park is made of a striking red and tan sandstone. For those who are serious adventurers, there are numerous slot canyons where water has created a space that is much deeper than it is wide. Other features of the park are the many plants, birds, mammals, and reptiles that are native to the area. If you have interest in living near these natural wonders, check out Utah Real Estate today.

How to Make Your Home for Sale Look Cool (Literally)

Anyone who lives in Arizona knows how hot it can be, and Maricopa is no exception. The good news is that the dry Arizona heat can actually be used to your advantage when selling your home. If you have been looking at Maricopa homes for sale, or if you have a home for sale, there are steps you can take to make your house look and feel cooler. You’ll enjoy the cooler feel, and your buyers will also thank you.

 

Block the Sun

One of the best ways that you can cut energy costs and help your house to feel cooler is to block out the sun. Use curtains that shut out as much light as possible during the afternoon, when the sun is at its strongest. You can also use blinds to block out the heat as well. Just remember that if you are showing your home, you should open all of those blinds and curtains so that buyers can see your home with natural light. 

 

Damp Curtains

Because the air is so dry in Maricopa, you can use an old desert trick. All you have to do is spray your curtains so that they are slightly damp. Then you can open the window and the air blowing through your home will feel cooler. It is a great way to cool your house down without using air conditioning.

 

Air Conditioner Maintenance

If you feel like your air conditioner isn’t working as well as it used to, it may be in need of servicing. Your air conditioner should be serviced and cleaned every year to function properly. If not maintained, water deposits and other debris can prevent the unit from working correctly. Instead of waiting until your buyers request you replace the unit, you should take care of the yearly air conditioner maintenance before you put your home on the market. 

 

Close the Damper

If you have a fireplace in your home, you should always make sure that you close the damper during the summer. If you don’t, the fireplace will pull hot air into your home instead of sucking it out. 

 

Close the Windows

Did you know that most people will begin to sweat if the temperature is above 78 degrees? That means that you want to try to keep your home cooler than 77 degrees if don’t want to break a sweat while watching television. One of the biggest mistakes that people make is that they keep windows open while the air conditioner is on. This is simply a waste of energy, and it will do nothing to cool down your home. If you have children, encourage them to keep the windows and doors closed when the air conditioner is running. It will help the home feel cooler, and it will be less expensive to keep your home cool.

 

Use a Fan

Even if you have your air conditioner on, a ceiling fan can push the cold air to you. It will aid in helping you to feel cooler. Whenever you have a showing, keep the temperature cooler than you would normally have it in your home and use fans to help the air feel more circulated. It may cost a little extra, but your buyers will remember feeling cool and comfortable in your home.

Anyone who is looking for Maricopa homes for sale can appreciate cool air in a potential home. Doing your part to ensure a pleasant visit to your home will increase your chances of getting your home sold faster.

Things to Remember for First-Time Homebuyers

Buying a house for the first time is a very exciting thing. After years and years of student apartments, basement apartments, and even house-sitting for relatives, you have finally gotten your career started and have enough money to get into your own home. Before you make any quick decisions, though, make sure that you do lots of research and find out all that you can about any house that you look at. Take your time and talk to lots of people. Buying one of the homes for sale in Hanover, PA, is a very exciting thing to do, but it’s also a very serious commitment to make. Keep in mind a few of these tips when you go about buying your first home.

Check Comparables

There are many websites these days that will show you the value of homes that surround the one that you are interested in. You can see how the value has changed over the years and what the status is of the surrounding homes as well. Checking the comparable homes in the area is a great idea to ensure you aren’t paying more money than the house is worth. You can also get a pretty good idea of what you need to offer to the seller to be chosen as the buyer.

Check Your Budget

The most important thing for you to do is to determine how much you can afford. If you find a house that you fall in love with before making sure you can afford it is a very dangerous place to be. There will always be houses out there that have everything that you want. The important thing is for you to find a house that has all of the elements that you need without going over your budget. A year down the road you don’t want to find yourself declaring bankruptcy because you can no longer afford the payments.

Learn the Details

The price of a home doesn’t include all of the fees that you will have to pay. You will have to take on payments for home insurance, real estate taxes, and even surprise costs that come up. When appliances need to be replaced or your plumbing goes bad, you won’t have a landlord to turn to and you are going to have to fork out the cash. When you are looking at homes for sale in Hanover, PA, remember to factor in the additional cost that comes with owning a home.