fbpx

Staying Safe When Selling Your Home

With the way the pandemic is going, it seems we’re going to be indoors for a while. Even though going out is not as much of a taboo as when it first started, it’s still important to take the safety precautions very seriously. But not only do you have to stay safe when you’re outdoors. You also have to make sure you’re exercising some level of caution when you’re inside, especially if you’ve been out. It is also important when you are inviting people into your home, whether you’re close to them or not. 

If you’re looking to sell your home and need professionals to evaluate the building, make sure they are adhering to safety precautions as well. Mansell McTaggart in Sussex, for example, is dedicated to reducing the spread of the disease and have outlined their specific procedures involved in accessing their services. The attached infographic has all the details, and it is a relief to know that some people are still taking the situation seriously. It will also be better if your home is safe for the next occupants as that way, they will be more at ease with making the purchase.

Selling your home doesn’t have to be more challenging than it can already be especially in these times. The statistics on the effects on the pandemic make it pretty clear that you cannot compromise on safety right now. So in whatever you do, think about how you can make it a little safer for everyone involved.


Infographic Design By Mansell McTaggart Sussex

A Practical Approach To Buying a Home

Buying a home is arguably one of the biggest expenses that you’ll ever counter in life. However, it’s also one of the most well-documented processes and you can easily get help if you need it. In this post, we’ll be looking at a more practical approach to buying your first home and how you can streamline the process to save money and reduce the amount of hassle it takes.

A Practical Approach To Buying a Home - cosy living room and sofa image
Photo by NeONBRAND on Unsplash

Decide if buying a home is right for you now

Don’t just buy a home because it’s expected of you by your friends, family or even society. Not everyone buys a home and some are content with renting. Make sure you’re comfortable with the responsibility of buying a home because it’s a decision you’ll be locked into for many years.

Get your finances in place

You also want to make sure that your finances are in order. Get a credit check to ensure there are no outstanding issues and make sure you establish a secure source of income that can pay for your home.

Use a mortgage broker

A mortgage broker comes with many advantages. They can help you save time when looking for a good deal and they can also help you save money since they’ll compare lots of different mortgage lenders to help you find the best deals. They can often work with dozens of different lenders to compare prices and find one that suits your budget and needs.

Pick a place where you want to live

It’s important that you spend a lot of time choosing your ideal location to live. This is because it’ll change everything from school choices to job opportunities. Make sure you scout out each location and do a bit of research to help you decide on the ideal city or neighbourhood for your needs.

Decide on a type of property

You also need to decide on a type of property. While houses tend to give you more freedom, it’s hard to find an affordable house inside of a city. Instead, you’ll likely need to live in a suburb if you want a large house with plenty of space. However, if you prefer living in the city, you’ll likely need to pick an apartment if you want accessible transport links and other conveniences.

Make your offer

It can be stressful deciding on an amount to pay for your first home. It’s important to understand when you’re paying too much for a home, but you should try to make your offer compelling for the seller. Your estate agent should be able to help you with this process and suggest a good price to offer to catch the seller’s attention.

Understand that it takes a long time to finalize

Many people underestimate just how long it takes to finalize a home purchase. You need to keep in mind that it can take up to half a year or more depending on how careful you want to be. It can take weeks to find a suitable home and even more weeks to find a suitable mortgage lender.

Buying A New House? You Should Look At Your Finances Early

In this day and age, saving and paying attention to our pockets is something that is highly important.  We can save money from cutting down costs, cutting ties to some of our subscriptions or even just working overtime to improve our savings. However, it doesn’t always have to be so tricky. Buying a house in these trying times is certainly difficult, but it also does create a few difficulties relating to the housing market and putting down offers on property. With an experienced Mortgage Broker, however, you can be sure that you have all the information on the table before you start and you can start to create that dream life you always wanted. However, it’s important to note that there are some simple ways to create financial security without them being too troubling. 

Buying A New House? You Should Look At Your Finances Early - house keyring image
Photo by Tierra Mallorca on Unsplash

1. Use applications to assist you with your finances.

Now there are many applications to facilitate the organization of your wallet. In fact, some of them even have tips for finding new job opportunities. These apps may also allow you to budget, input in your incomings and outgoings as data for any one time and work out how best to spend, taking into account all your bills. Your banking app may also have ways to assist you as well as offering saving accounts which allow you to save as you are on the go.

2. Plan your meals incredibly well. 

A small, maybe old-fashioned meal planning can help you save a considerable amount of money on supermarket expenses per month. It can also save you a lot of time preparing your meals.

3. Stick to calendar scheduling.  

Reviewing your accounts is not only one of the best ways to save money, but also a critical project for your financial well-being. It can help you keep track of your expenses and make sure you are well on your way to achieving your goals. In addition to this, keeping track of dates with your finances can help you identify potential problems early on, before some issues become more difficult and time consuming to resolve.

4. Sell things that you don’t need online 

You can save time and money by selling your old items, which you do not need in applications such as eBay for profit. You can use Etsy, Amazon and plenty of other online websites that allow you to sell all types of products. These amounts of money can soon add up to your savings. 

5. Use credit cards wisely to assist you

As bold as it sounds, it is actually a great help to a conscious consumer. Using a credit card helps a lot in saving time and organizing the purchases at the same time. At the same time, keeping most of your expenses in one account can help you streamline your budget monitoring and billing process. You should also be aware of not overspending and allowing yourself the time to repay as repayment fees can be costly. Overall though a good credit rating is going to massively assist you with buying your new dream home. 

I’m Moving: How Much is My House Worth

Understanding the value of your property is important when you are moving and looking to buy a new home. You might find that your real estate investment has gone up since you originally bought it, that it is about the same price, or that the market has dipped. Even if you are not looking to move right now, it is still useful to know the approximate market value of your house.

I’m Moving: How Much is My House Worth - get that dog off the road! - image
Photo by Daniel Frank from Pexels

Finding Values Online

Some online estimators can help you determine the worth of your house, based on details such as its location and what prices homes sold for recently in that area. The good thing about these calculators is that they show a figure almost immediately when you enter the data the software asks for.

You will likely be prompted by an online calculator to enter the type of home it is, the year it was built, how much you paid for it, and the number of rooms (bedrooms and bathrooms). However, that figure is only an estimate of the neighbourhood.

The number is only as accurate as the amount of public data that the specific website has access to. A real estate agent can provide more accuracy, as well as additional information from other sources.

Getting a CMA

A realtor understands how to do a comparative market analysis (CMA) to find your home’s value. To be as precise as possible, this professional looks at nearby homes that are similar to yours (comps); they have the same number of bedrooms and bathrooms as yours, as well as a similar-sized lot.

Next, the realtor typically averages the figures of the handful of comparative properties. Then they have an accurate idea of your own home’s worth. This professional also likely has a lot of experience with the market that the online calculator mentioned earlier does not; they will factor in their knowledge with the numbers.

Assigning a Value is Difficult

When it comes to putting a number on your home when you’re selling it, this activity is very difficult for most people. It is tough not to think about all the memories you have had there and the effort you have put into home improvement projects.

It is hard to be objective, which is why a realtor will help you to do a CMA and suggest a price. Of course, that is only a suggestion and always remember that you are in control and can set the price. But if you go significantly higher than suggested, you have to be ready to explain why to those who are looking to buy.

Why is Knowing Your Home’s Value Important?

Understanding the worth of your existing home will help you to understand how to price it and then calculate what you can afford when looking for a townhouse or another type of house. After all, you are both a buyer and a seller.

When looking for a new property, the bank will look at the appraised value of your home as part of the mortgage approval process. So, it is in your best interest to know as much as you can beforehand.

What Else to Consider

Other details affect the value of your home too. For example, you don’t want to include comps that are on opposite sides of major roads or railways. While you might not realize it, these dividing lines can make a difference from a financial perspective.

Also, when comparing similar properties, try to get within a 10 percent variance of the square footage, if possible. Look at properties that were built around the same time as yours when making comparisons too.

Another factor that affects your home’s market value is curb appeal. If it looks outdated, it is likely to get a lower price than one that has a beautiful garden and was newly painted.

Finally, consider any upgrades you or the other owners of the other homes have done that increase its sale price. There might also be additional amenities in them that increase the property value.

Final Words on Home Value

When you are ready to buy a house, it makes sense to know the worth of your current property going into the process. Getting a CMA from a real estate professional is part of the process, as is looking at online listings to get an idea of what you can afford and what kind of house you would like to live in one day.

When you sell your home and buy a new one, you are moving into the next phase of your life. It is an exciting time, and you can feel good about the investment you are making in your future.

http://credit-n.ru

Can You Help Your Children Onto The Property Ladder In 2020?

Owning a home of your own is getting harder than ever. With spiralling rental rates, increasing cost of living and slow growth in wages, many of the younger generation are finding their dream of owning a family home of their own is getting further and further away. So if parents are in a position financially to help, it can be a wonderful thing to do – and help to give your kids security for the future. If they are already saving hard to pull together the money required for a deposit, it can still be slightly beyond reach without a parental helping hand. And with mortgage costs frequently lower than the cost of renting,your children will be able to save money in the long run if they get that first time house. So how can you help the situation?

Can You Help Your Children Onto The Property Ladder In 2020? - family photo image
Photo by Craig Adderley from Pexels

Gift A Lump Sum

If you can afford to give a lump sum, this will really help towards the considerable costs of a deposit. Often affording the mortgage isn’t the issue, it’s overcoming the barrier of having a high enough Loan To Value (LTV) amount. If you can supply part of this, your children could be able to get on the property ladder with a new build home. When planning this move, it’s important to consider the full picture of your own future finances and possible retirement. Speak to an independent financial advisor is critical to help you make the right move. 

Provide A Loan

If you can’t afford to gift a large amount, you could act as a lending facility instead. This can be a good option if you have access to savings that you don’t need now, but will need in the future. With interest rates at a historical low, you’re not losing out on much by not having them sitting in the back, and you may be able to make borrowing some of the amount of a deposit affordable for your kids, through either not asking for any interest or keeping it very low and the repayment terms flexible. In all these matters, it’s very important to be able to have an honest discussion about money with your family and be very clear exactly what you are expecting to be repaid and when – also get this in a formal legal contract notarized by a solicitor to avoid any confusion.

Take Out A Family Mortgage

Offset mortgages, where 100% of the property value can be borrowed, are also sometimes an option. These loans would be secured against the value of your own home, or sometimes allow you to deposit money into a savings account that acts as a security in the event of non-payment. However, if your child doesn’t keep up with payments, your own home or retirement funds may be at risk. Make sure you talk about affordability and contingency plans with your children before deciding on this option.

There are lots of ways you can help out financially when it comes to getting your children onto the property ladder, but don’t forget that emotional support is just as important too – always be ready with a cup of tea and a listening ear.

http://credit-n.ru/potreb-kredit.html