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Scooped by
Bill Gassett
March 2, 2020 8:14 PM
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Should You Tip Your Movers? Is your home under contract? Are you preparing for your move? Moving is hard work. That’s probably the biggest reason you hired movers in the first place – you want someone else to do all the heavy lifting. But what about tipping your movers? Are you supposed to tip a moving company? If so, how much? There is no hard and fast rule about tipping movers, but there are guidelines you can consider when going through your own move. Unlike getting service from a server or bartender, there are fewer expectations about tipping movers. You
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Bill Gassett
January 14, 8:25 AM
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Learn all the most vital things to know when selling a home for the first time. Get advice and tips from a Realtor with three decades of experience.
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Bill Gassett
January 9, 10:40 AM
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One of the goals of most folks is homeownership. Understanding the house closing process is essential for a first-time buyer. The more you know about the steps for closing on a house, the less likely you'll make mistakes. When you are preparing, it can feel like you are near the end of the buying process. But when a closing occurs, things don’t always go according to plan. House closings can spring surprises that delay your move-in date or worse. The steps to finalizing the purchase and sale can sometimes be challenging, but you will hopefully be sitting at the closing
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Bill Gassett
November 20, 2023 5:43 PM
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Utilizing a St. Joseph Statue For Selling a House Are you considering buying a St. Joseph statue to sell a house? Burying a St. Joseph statue for selling a home has become a popular tradition among many Catholics and others in the U.S. Though not officially endorsed by the Catholic Church, it's believed to be effective. This practice involves placing the statue underground near a 'For Sale' sign or in a chosen location, following varying instructions. Praying regularly to St. Joseph is advised for increased chances of a quick home sale. While the practice offers comfort and hope, it's essential
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Bill Gassett
November 20, 2023 5:19 PM
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Do you know the home inspection cost and whether it is worth it? Even though no one wants to spend more fees than they need to, saving money by not having your new home inspected isn't recommended. The home inspection report will reveal the property's condition and uncover what you need to know before buying. A thorough examination could save you from making an unfortunate mistake that could take your finances years to recover. But in a seller's market, you might be under pressure not to have the home inspected. While this could improve your chances of buying the property
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Bill Gassett
April 24, 2023 3:27 PM
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Helpful Exterior Home Staging Tips Before your home is listed, there are some things you should do to make sure you get the best price. Taking the time to stage a home could make a huge difference to the amount you sell your home for. But what should you do when staging a home for sale? Gettin
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Bill Gassett
April 3, 2023 11:14 AM
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Learn what dual agency is in real estate and why it harms buyers and sellers. Avoid having a dual agent. Make your agent only represents you.
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Bill Gassett
October 17, 2022 1:18 PM
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See a detailed comparison of fixed rate mortgages vs. adjustable rate mortgages. What are the pros and cons of these mortgage programs.
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Bill Gassett
October 17, 2022 1:09 PM
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Home buyers ask real estate agents all the time if they can buy homes that are under contract. See what you need to know via Bill Gassett.
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Bill Gassett
April 4, 2022 3:07 PM
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Have you heard the real estate term 'CMA' and wondered what it was? It's an abbreviation for comparative market analysis. If you are selling your home, deciding how much to ask can be difficult. Likewise, choosing how much to offer for the home is crucial when you are buying. Whichever side of the real estate transaction you are on, getting this wrong could cost you thousands of dollars. When selling your home, having an appropriate listing price is crucial. When you're buying, you want to be able to know what would be considered a competitive offer. A fair price in
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Bill Gassett
October 20, 2021 3:40 PM
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Finding Out a Home's History and Surroundings is Paramount Investing in a new property is an important step, no matter if it’s your first one or if you are an investor purchasing multiple properties. There will be fewer headaches after signing the contract, as long as you do proper research o
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Bill Gassett
August 16, 2021 2:39 PM
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See what a condo is and what you need to know when you're considering purchasing one. Get helpful condominium buying tips.
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Bill Gassett
August 9, 2021 12:56 PM
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How to Move Cheaply If you are looking for the cheapest way to move, it can be challenging to know where to begin. Moving from home to home usually stretches people’s finances, but if you are only driving a relatively short distance you can make significant savings on your move. The lowest cos
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Bill Gassett
May 19, 12:13 PM
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See quick fixes to make before selling a home that will have an impact. Learn how making investments in the right places can make a big difference.
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Bill Gassett
January 14, 8:21 AM
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See how real estate appraisers will determine the homes they appraise. Learn all of the impactful factors in house appraisals.
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Bill Gassett
November 27, 2023 5:11 PM
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Over my years as a real estate agent, several home buyers have asked me about buying and fixing a house with one loan. The best method for doing so is an FHA 203k loan. 203k FHA loans are also referred to as FHA construction loans. If you want to buy a home that you can fix up, a regular loan will not give you the funds to complete the work. An FHA 203k loan, however, is designed to help you buy a home that needs some repairs and provide you with the money to fix it up. It's a rehab
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Bill Gassett
November 20, 2023 5:29 PM
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Many home buyers ask what an HOA is and what they do. Homeowners associations (HOAs) play a significant role in many residential communities, providing various services and amenities to enhance the living experience for homeowners. One of the essential aspects of HOAs is the collection of HOA fees or homeowners association fees. In this guide, we will examine the intricacies of HOA fees, their purpose, components, what they cover, and how they impact homeowners. When you're done reading, you'll understand the meaning of HOA fees. In my experience as a real estate agent for the past thirty-seven years, one of
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Bill Gassett
November 20, 2023 5:13 PM
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Are you wondering what is considered a mansion? A mansion is a large, impressive house, typically spanning over 7,000-8,000 square feet. Years ago, the threshold was 5,000. These luxurious custom homes are constructed with high-quality materials and feature purposefully designed rooms for specific functions, such as game rooms, home theaters, and gyms. They often showcase architectural styles like classic, colonial, or Victorian. Mansions are usually situated on extensive properties with amenities like pools, tennis courts, and beautiful gardens. It's crucial to differentiate mansions from lesser imitations known as McMansions. The term 'mansion' is not commonly used in real estate listings
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Bill Gassett
April 24, 2023 3:21 PM
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The square footage of a home is important when buying or selling a home. It has to be accurate when the home is listed in the Multiple Listing Service (MLS), as the size of the house contributes to the price. Square footage contributes to the valuation of a home, so an accurate measurement help
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Bill Gassett
October 19, 2022 11:30 AM
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Did you know that a Realtor and a real estate agent are not the same thing? See the definition of a Realtor and the difference between a real estate agent.
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Bill Gassett
October 17, 2022 1:12 PM
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See how to show a home for maximum results. Use these house viewing tips to ensure you sell your home fast and for the most money possible.
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Bill Gassett
April 4, 2022 3:14 PM
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What is DOM in Real Estate? During the home buying or selling process, you might encounter new terms and abbreviations you don't understand. One such abbreviation might be DOM, which means Days on Market. The DOM meaning is the number of days that the home has been listed in the MLS. It starts from when it is first entered in the multiple listing service, and until the home is under contract. While this might seem simple, it's not always quite that straightforward. DOM in real estate can increase even after the seller has accepted an offer and the status of
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Bill Gassett
November 29, 2021 11:33 AM
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Your email has been added to our waiting list and we will send an invite to you as soon as possible. Thank you for your patience.In the meantime, if you happen to run a blog, our newly launched Blog Enhancement Suite can utilize the immense power of community to help you get more audience,...
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Bill Gassett
October 20, 2021 3:32 PM
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See some helpful tips to plan your moving budget before leaving a rental property. Know what to do before you leave a rental.
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Bill Gassett
August 16, 2021 2:24 PM
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See some helpful tips on how to get a mortgage. Learn the process of getting financing when you are going to be buying a home.
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Bill Gassett
July 7, 2021 9:16 AM
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What to Know About Closing on a House Are you going to be purchasing your first home? Whenever you want to purchase a new house, you will have to get through an extended process. Most real estate agents will warn that there are two crucial moments. The first instance that might provoke anxiety i
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If you are a home buyer looking to purchase a property needing renovation or repairs, an FHA 203(k) rehab loan can be an excellent financing option.
This loan program, offered by the Federal Housing Administration (FHA), allows buyers to borrow funds not only to purchase the home but also for its rehabilitation costs. Here are some key things that home buyers should know about the FHA 203(k) rehab loan.
One of the primary advantages of an FHA 203(k) rehab loan is that it provides buyers with a single loan that covers both the home's purchase price and the renovation's cost. This eliminates the need for borrowers to secure multiple loans or find alternative sources of financing for the rehabilitation work.
The loan amount is based on the property's projected value after the renovations are completed. This means buyers can borrow more than the purchase price for repairs or upgrades.
Another critical aspect of the FHA 203(k) rehab loan is that it offers flexible qualification requirements. While traditional home loans may have stricter credit scores and income criteria, the FHA 203(k) loan is more lenient in these areas. This can be particularly beneficial for buyers who may not qualify for a conventional loan due to a lower credit score or limited income.
However, it is still important to meet the minimum standards set by the FHA to be eligible for this loan program.
Home buyers need to understand that the FHA 203(k) rehab loan has specific guidelines and requirements for the types of repairs and renovations that can be financed.
The loan is intended to fund necessary improvements that will increase the value and livability of the property, such as structural repairs, kitchen or bathroom remodels, or the addition of energy-efficient features. Luxury upgrades or renovations that are not deemed essential may not be eligible for financing under this program.
Additionally, working with a lender experienced in FHA 203(k) rehab loans and a contractor familiar with the program's requirements is crucial. The contractor must be licensed and approved by the lender, and they will be responsible for providing detailed estimates, overseeing the renovation process, and ensuring that all work meets the FHA's standards.
Proper planning and coordination between the buyer, lender, and contractor are vital to completing the rehabilitation project within the designated timeframe.
In conclusion, the FHA 203(k) rehab loan is a valuable option for home buyers looking to purchase a property that requires renovations. It provides a single loan.