On Stuff That Matters
Real Estate Tips
The video puts this in more visual terms, but basically, a seller can respond to a buyers offer with changes - a counter - that improves the terms. You need to put yourself in their shoes and construct a modified offer that you think they might take that meets more of your needs. Then it is their turn - accept, reject, or construct yet another counter. It is an efficient market process, but beware: clauses and costs matter. Your broker should be closely involved in constructing a counter. Successful bargaining is best done with a win/win approach where each side is meeting their biggest needs and compromising others to reach an agreement. Remember that outside conditions like interest rates, and supply and demand, will keep evolving so you will need to be patient but decisive to craft an counter-offer that works for both sides.
Home insurance claims are best made for significant damage or events with costs greater than your deductible. If your deductible covers the majority of costs, paying out of pocket may save you money. Compared with rate increases caused by added claims. A history of filing claims is not in your favor. If you file too many, your home insurance company could choose to drop your coverage entirely. Of course, claims should be related to covered damage in some areas. For example, flood and earthquake insurance are carried separately from normal home insurance. You'll have to file through the specific related policy for these types of damage. Remember, home insurance does not exist to cover ordinary maintenance. A claim to fix ordinary wear and tear, or something that could have been prevented by regular upkeep may not be covered. Finally, only make a claim when you have document. Everything. Do a walkthrough, take notes and photos, and list everything damaged by an event to ensure that you and the insurance adjuster are addressing the full set of issues in the claim.
This video could save some veterans thousands. VA loan applicants pay a funding fee - as of 2014, 2.15% of the total loan amount - which can be thousands of dollars.Some veterans and spouses are eligible for exemption. Broadly speaking, veterans who received disability benefits - current or former and who are NOT currently in debt to the government may be exempt from the funding fee.Some spouses may qualify as well. The key thing to understand is, exemption from the funding fee is NOT automatic! Borrowers must certify their veteran status, government debt, benefits and active service stateon VA Form 26-8937. It is important to tell your mortgage company that they need to submit this form EARLY in your home-buying process - if they just look up your records without submitting the form the VA will not begin the review and approval process and your home purchase could be delayed by weeks.