The Daniels Team's Blog
Once you’re a homeowner, you know that excellent finances are a necessity. You need to budget smartly and be aware of where your money is going. There are so many little things that drain our money that aren’t so obvious. Read on to see some places where your money is going right out the window and what you can do to control it.
Food Spending And Consumption
Not only do most people admit to overspending on food, they admit to wasting food as well. It’s a smart idea to have a weekly meal plan. Do you cherish pizza night? Write that into the plan. Set a week- or even a month of menus ahead of time depending on how motivated you’re feeling. Make sure you’ll have everything you need in the house to make these meals. Try not to stock up on too many items. The simple act of knowing what you’re eating can save you hundreds, if not thousands of dollars over the course of a year.
Are bank fees and credit card late payment fees getting you down? All of those extra costs add up over time. Each time you overdraft your bank account costs you somewhere in the neighborhood of $25-$35. Every time you miss a credit card payment costs you another $25 or more. Make sure you’re enrolled in overdraft protection. You should also get alerts from your credit card as to when bills or due. If auto-pay is convenient, you can also consider that option to help you not miss payments.
Utilities can cost a significant amount of money, but these bills don’t have to be astronomical. Make sure you’re not wasting energy. Keep the thermostat either higher or lower depending on the season when you’re not home. A few degrees can make a big difference in your bill. Old appliances can also be energy suckers. When you leave the room, shut off televisions and lights to save even more on your utility costs.
Do you have a gym membership and never use it? That’s money going right out the window. If you subscribe to online services that you don’t frequently use, only keep the subscriptions that you need and use. You can save hundreds of dollars just by keeping track of where your money is going and if you use the products. Take a look at your credit card statements and notice any monthly charges that look unfamiliar.
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If you've always dreamed of owning a house, there is no need to wait to enter the real estate market. In fact, there are many reasons to kick off a house search today, and these include:
1. You can upgrade from your current residence.
If you live with family members or friends or rent an apartment, buying a home may represent an upgrade. Because when you purchase a residence, you can reap the benefits of having your very own living space.
There is no shortage of high-quality houses available in cities and towns nationwide. Regardless of whether you prefer the comfort of small town living or the hustle and bustle of city life, you can check out a broad range of houses at your convenience. Then, you can discover your dream residence, submit an offer to purchase it and move one step closer to making your homeownership dream come true.
2. Many home financing options are available.
One of the biggest issues that often prevents people from pursuing homes is a lack of financing. Fortunately, banks and credit unions offer a variety of mortgage options designed for individuals of all incomes.
Whether it's a fixed- or adjustable-rate mortgage, you're sure to find a mortgage option that complements your finances perfectly. Plus, banks and credit unions are ready to teach you everything you need to know about different types of mortgages. And if you are unsure about how a mortgage works or which mortgage option to choose, friendly, knowledgeable mortgage specialists are available to assist you.
3. You can receive plenty of support throughout the homebuying journey.
Let's face it – buying a home can be a daunting task, particularly for an individual who is entering the real estate market for the first time. The sheer volume of top-notch houses sometimes makes it tough to differentiate a good home from a great one. Meanwhile, navigating the homebuying process can be stressful, and challenges may arise that make it difficult for a homebuyer to achieve his or her desired results.
If you enter the housing market today, you can hire a real estate agent who can help you streamline the process of going from homebuyer to homeowner. This housing market professional will offer expert insights into all aspects of the homebuying journey. In addition, he or she will go the extra mile to ensure that you can quickly and effortlessly acquire your dream home at a price that matches your budget.
Of course, a real estate agent will help you map out a successful homebuying strategy too. He or she will meet with you, learn about your homebuying goals and help you plan accordingly. And if you have concerns or questions at any point during the property buying journey, a real estate agent can respond to them.
Launch a home search today – you'll be glad you did. If you pursue your dream home with help from a real estate agent, you can seamlessly navigate the property buying journey.
Selling your house should be a quick, seamless task. Yet the home selling journey varies based on a number of factors, including the condition of a seller's residence and the current state of the housing market. And if you fail to plan ahead for the home selling journey, you may struggle to achieve your desired results.
There are several things that you can do to simplify the house selling journey. Now, let's take a look at three tips to help you streamline the home selling process.
1. Craft a Home Selling Strategy
A home selling strategy is pivotal for any property seller, at any time. If you know what it takes to sell your residence, you can take the necessary steps to ensure success at each stage of the house selling journey.
Think about why a buyer may want to purchase your residence and craft your house selling strategy accordingly. Because if you understand the buyer's perspective, you may discover unique ways to help your house stand out from the competition. As a result, you could boost your chances of enjoying a fast, profitable home selling experience.
2. Establish a Competitive Initial Asking Price
The initial asking price for your home can make a world of difference. If you set an initial asking price that is too high, for example, buyers likely will shy away from your home. On the other hand, if your initial asking price is too low, you risk selling yourself short during the property selling journey.
Analyze the prices of available houses that are similar to your own in your city or town. Furthermore, it may be beneficial to look at the prices of recently sold homes in your area. Once you review this housing market data, you'll be better equipped than ever before to establish a competitive initial asking price for your residence.
3. Hire a Real Estate Agent
Let's face it – navigating the home selling journey on your own may prove to be difficult. As such, a real estate agent is a must-have, particularly for a home seller who is unsure about how to navigate the property selling journey. If you have a real estate agent at your side, you can receive comprehensive assistance at each stage of the home selling cycle.
A real estate agent will help you craft an effective property selling strategy and determine the optimal initial asking price for your residence. He or she also will showcase your residence to prospective buyers, help you review offers to purchase your home and negotiate with a buyer's agent on your behalf. And if you ever have concerns as you navigate the home selling journey, a real estate agent is available to respond to them.
When it comes to selling a home, it is important to do whatever you can to keep things simple. Thanks to the aforementioned tips, you can move closer to selling your home and maximizing your house sale earnings.
When you think of buying or selling a house, the first thing that comes to mind may not be the legal aspects associated with the process. You may want to reconsider this rather boring part of the process as an important one. Hiring a lawyer can help both buyers and sellers to get through many hurdles that buying a home can present.
There will be many negotiations and a lot of back and forth throughout the process of buying a home. Everything that’s involved with buying a home needs a contract for it to be legally binding. A real estate attorney will negotiate on your behalf and be sure that the contracts adhere to all state and local laws. The lawyer will also help you to address issues that may affect the future of the property such as botched inspections, liens against the home, and other items that could affect you as the home buyer.
Real estate attorneys will perform what is called a title search. This allows them to see if there are any outstanding liens or judgements against the house. This title search will also make sure that the seller has the right to actually sell the property that’s being sold. An attorney can do all of this much quicker than the average person since they have working relationships with title companies.
Transfer Of Property
If a property is being transferred through a corporation, trust, or partnership, things can get complicated. It’s good to have an attorney who is used to working with these complex situations and understands the legal boundaries within the state or municipality that the property is in.
If You Choose Not To Have A Real Estate Attorney
Many times, a real estate attorney isn’t required to buy a property. It is advisable to have one, however. Without an attorney you increase your chances of problems arising in the future. You run the risk of:
- Being sued for failure to disclose information
- An improper property transaction takes place
- You could miss relevant facts about the property
- Failing to file the correct documents at both the state an local levels
- Deeds are not transferred
- Building permits weren’t correctly filed
Having a real estate lawyer on your side is important due to the complex nature of property transactions. While some states require that an attorney be present throughout your property transaction, many states do not have this stipulation. You are smart to hire a competent real estate attorney to protect your own interests as either a buyer or a seller.