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	<title>AFC Bankers</title>
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	<link>http://afcbankers.com</link>
	<description>So. Florida&#039;s Premier Mortgage Lender</description>
	<lastBuildDate>Thu, 22 Sep 2011 21:40:29 +0000</lastBuildDate>
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		<title>New Home Resale Value</title>
		<link>http://afcbankers.com/2011/08/08/resale-potential-for-your-new-home/</link>
		<comments>http://afcbankers.com/2011/08/08/resale-potential-for-your-new-home/#comments</comments>
		<pubDate>Mon, 08 Aug 2011 18:38:58 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=132</guid>
		<description><![CDATA[You might think it&#8217;s strange to consider selling a house you don&#8217;t even own yet, but what if [...]]]></description>
			<content:encoded><![CDATA[<p>You might think it&#8217;s strange to consider selling a house you don&#8217;t even own yet, but what if you decide to move? Do you want a house that has grown in value and sells quickly? Sure you do.</p>
<p>Many of us won&#8217;t live in the same house forever, so when considering a purchase it makes sense to look at resale value. Although it takes a little more time to think about the resale value when considering a home, if there comes a time when you have to sell, you&#8217;ll be glad you made that earlier effort. Begin finding out about resale values from the very start of your home buying search.</p>
<h5>Location, Location, Location</h5>
<p>When deciding on location, don&#8217;t necessarily pick somewhere that has a desirable status today, but rather, look at the reasons why it has become so, and then look for a location that includes those same things or will within the time you&#8217;re living there. Some things to consider could be availability of services, areas in town increasing in desirability, community changes (for good or bad), etc. Allow these factors to influence your decision on where to buy. Remember to always find a home that suits your needs and wants best, but if possible, someplace that others might end up wanting as well. Think also of what type of people are moving in. If a lot of recent buyers are families with small children, search for a house with a large yard, lots of room, and away from a busy street. If there are elderly people buying where you&#8217;re looking, consider homes with few or no steps, as seniors sometimes have difficulties. Also try reviewing real estate ads in your area. If there is a particular feature mentioned in several areas, it could be one that is in demand. Also avoid buying outdated homes, unless you plan to fix it up. A home with two bathrooms is worth a lot more than a home with only one. Central air and heating are more popular than swamp coolers or baseboard heat. Although you might think outdated means character, keep in mind that in order to resell, you&#8217;ll probably have to change those older features.</p>
<h5>Cosmetic Fixes Can Be Painless</h5>
<p>If you see the home needs just a few cosmetic touches, don&#8217;t be afraid to do them yourself. Often homes in need of cosmetics are priced below market value. Fresh pain is fairly inexpensive and can make any home look almost new. A few new appliances can make an old kitchen come to life. Consider adding glass to your front door or cabinet doors to lighten things up. New light fixtures or switch plates can change the entire feel of a room. Take a trip to a nearby hardware store and check out what they have to offer. However, be sure to buy good quality product so that your fixes stay fixed.</p>
<h5>Buyers Wants</h5>
<p>Important features change, depending on your area. If you want to find out what is in demand, talk to a realtor, look in a realtor magazine or even ask the hardware store for some input. Some features that nearly every buyer looks for include storage space, closets (the larger the better), homes with natural lighting or bright, open areas, and floor plans with bedrooms on each end of the home are becoming every more increasing in popularity. If you know that you will be moving in three to five years, carefully consider the resale value of any home you consider purchasing. Even if you think you&#8217;ll stay for awhile, find a house that&#8217;s right for you, but don&#8217;t hesitate to think of how it might be right for someone else, somewhere down the road.</p>
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		</item>
		<item>
		<title>Preparing Contract Contingencies</title>
		<link>http://afcbankers.com/2011/07/14/preparing-contract-contingencies/</link>
		<comments>http://afcbankers.com/2011/07/14/preparing-contract-contingencies/#comments</comments>
		<pubDate>Thu, 14 Jul 2011 18:51:17 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home contract contingencies]]></category>
		<category><![CDATA[home contracts]]></category>
		<category><![CDATA[home evaluations]]></category>
		<category><![CDATA[home purchase contract]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=126</guid>
		<description><![CDATA[When writing your contract, there should be certain contingencies. This means writing clauses that allow you to have [...]]]></description>
			<content:encoded><![CDATA[<p>When writing your contract, there should be certain contingencies. This means writing clauses that allow you to have some evaluation of the home before it is purchased. It allows you to find out physical details about the home, sometimes hidden details without being required to purchase the home. These are questions that should be answered and if the answer doesn&#8217;t satisfy you, you have no penalties in deciding to cancel the contract. Listed below are several common contingencies but each contract may have certain criteria, depending on your area, the price, value and age of the home, or other considerations.</p>
<h4>Common Contingencies</h4>
<p>The contract should explain what type of financing you expect to receive and should release you from any purchase obligation if you are unable to obtain your desired financing terms. You might add a clause explaining that it doesn&#8217;t matter why the terms weren&#8217;t reached, only that they weren&#8217;t. This protects your privacy.</p>
<p>If you chose to do home inspections, or your financing requires it, the contract should include your rights to have inspections, dates by which they must be completed, and your ability to cancel if desired results aren&#8217;t found. It should also explain in detail your rights to cancel the contract if needed repairs are more than you are willing to handle.</p>
<p>Consider contingencies allowing you to back out of the deal if there is mold, radon, or other toxins found. Input a contingency that lets you perform other inspections, required or not such as for termites or other insects. Consider adding a contingency for tests on water, sewage or septic systems and anything else that needs to meet specific public health standards.</p>
<h4>Other Contingencies</h4>
<p>Some places require that a survey be completed in order to determine the exact property lines.</p>
<p>Some areas do not have a public sewer system. You might want a contingency to ensure the proper type of waste system is installed.</p>
<p>If you are considering digging a well, you probably want to be sure that you own water rights before purchasing. Use this when the appraisal must show that the home&#8217;s value matches or exceeds its price. Pre-printed forms nearly always include an addendum that can be used to insert an appraisal contingency.</p>
<p>There should be some contingency stating that the title or deeds will be free of any and all liens before you have to purchase. You might also consider adding a line about no title/deed problems from previous owners.</p>
<p>Find out what easement rights you have &#8211; you might not want other people crossing your yard in order to get to other places.</p>
<h4>Clearly define contingencies</h4>
<p>If you decide to include contingencies based on radon tests, water tests or septic permit, you need to be specific about what requirements should be found. Simply stating that good results will enforce the contract or bad results will void the contract isn&#8217;t enough. Explain in detail what type of permit you want, what results you&#8217;re looking for or should be verified, what levels would be considered acceptable, etc. Do not leave any area open for interpretation or you may find trouble canceling a contract, despite being unhappy with test results.</p>
<p>You can make an offer that&#8217;s contingent on the sale of your current home&#8211;meaning that you cannot act on the purchase until the current home is sold. Some sellers will accept such offers, some won&#8217;t consider them. If they do accept your offer, the sellers will continue to aggressively market the property to buyers who can buy now. Some sellers will accept such offers, and some won&#8217;t consider them. If you must sell your current home in order to purchase the home you&#8217;d like to contract on, you can add a contract contingency stating that you cannot purchase until your current home is sold. Some sellers will not even consider these offers. Other sellers will accept them, but you should be aware that they&#8217;ll continue trying to sell their home to a buyer who can purchase immediately, and they&#8217;ll probably have a contingency of their own stating that if offered a purchase contract, you only have a certain number of hours or days to remove your contingency or else the contract becomes void. This allows you to have first access, but doesn&#8217;t harm the seller while they&#8217;re waiting on your home sale.</p>
<h4>For Sale By Owner Contracts</h4>
<p>If you find a home that is for sale by owner, find a competent real estate attorney to look it over before you present it to the seller. Be sure NOT to use the seller&#8217;s attorney because if you run into any problems, you want the attorney that will be looking out for your best interests and the seller&#8217;s attorney will be looking out for the seller.</p>
<p>Every area has different laws, different rules, and different things that can be considered contingencies. If you&#8217;re buying close to where you currently live, you probably already know much of what you need to know in order to include them in your contract. If there is anything you aren&#8217;t sure on, be sure to contact either a buyer&#8217;s agent or a real estate attorney for help. Although it&#8217;s important to back yourself up, make sure not to include too many contingencies or unnecessary ones. It might make the seller wonder if you&#8217;re serious or trying to find any possible out to the contract and then the seller might not chose to sell to you. Think things out clearly and prepare several drafts before you present your offer to the seller.</p>
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		<item>
		<title>Home Staging Tips for Sellers</title>
		<link>http://afcbankers.com/2011/06/30/home-staging-tips-for-sellers/</link>
		<comments>http://afcbankers.com/2011/06/30/home-staging-tips-for-sellers/#comments</comments>
		<pubDate>Thu, 30 Jun 2011 20:51:28 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home repairs]]></category>
		<category><![CDATA[home staging tips]]></category>
		<category><![CDATA[selling your home]]></category>
		<category><![CDATA[trend in real estate]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=113</guid>
		<description><![CDATA[What is Home Staging Staging is preparing your home for sale, but in a process that includes cleaning, [...]]]></description>
			<content:encoded><![CDATA[<h3>What is Home Staging</h3>
<p>Staging is preparing your home for sale, but in a process that includes  cleaning, updating, organizing and rearranging things to look their very  best.</p>
<p>Quite possibly, home staging has become the hottest trend in real estate  these days.  Those who advocate home staging say that sales for staged  homes are faster and receive higher prices than similar homes that  aren&#8217;t staged.  Anyone who has had their home on the market for weeks or  months, or who has waited and wondered about a sale, would probably  encourage any process that helps to sell the home faster.</p>
<p>Home staging can be as simple as making a few home repairs, removing  accessories and unneeded belongings, packing in advance, and bringing in  plants or flowers.  It can also become quite complicated and could  include rearranging or storing furniture, replacing outdated fixtures,  windows or lights, and even repainting or recarpeting.</p>
<p>Your final goal is to show potential buyers the very best of your home.   It doesn&#8217;t matter if it&#8217;s easy or complicated as long as it happens.   Beware of inviting buyers to be distracted by clutter, dirt or even  maintenance problems.</p>
<p>If you doubt that home staging can help sell a home faster, then  consider this example.  For those still in doubt about the importance of  home staging, picture this:</p>
<ul> You&#8217;re shopping for a new home and the first home you visit is a model  home.  It&#8217;s new, the furniture has been arranged to show off the size of  the rooms, it&#8217;s clean and it&#8217;s even coordinated.  Everything sparkles,  especially bathrooms and the kitchen is clutter free.  The garage is  clean and looks very spacious.  The closets are even organized.</ul>
<ul> Next you visit a home that is only one year old.  The floor plan is the  same, it&#8217;s even made by the same builder, and the price is nearly $5000  less.  However, the current owners have so much stuff that their  possessions are packed from floor to ceiling.  Every closet is full,  every drawer is filled, and you can&#8217;t even find the shelves.  The  kitchen and bathroom aren&#8217;t really gross, but it&#8217;s obvious they haven&#8217;t  been cleaned in several days, and in the dining room, the table is so  large, you can&#8217;t even walk around it.  Although they have plants, they  are all dead or in desperate need of watering.  Not only can you smell  that they have a dog, but you see that the paint near the floor has been  badly scratched by what you guess is the same animal.  Although they  have a two car garage, it is filled with boxes, toys, and even holiday  decorations.  There&#8217;s no room for even one car to be parked inside, let  alone two.</ul>
<p>It might be easy to guess that the model home, even with a higher price  is going to sell about ten times faster than the home filled with  clutter.  Because of the cleanliness of the model home, as well as the  &#8220;staging&#8221; to show buyers the features of the home and the spaciousness  of the floor plan, the model home will definitely be the preferred one.</p>
<p>Most of us don&#8217;t live our lives like a page from a home magazine and so  it&#8217;s important to remember that the way we live in our home and the way  it should be presented to a potential buyer are two completely different  things.  Every home will seem larger if there are fewer furnishings.   Remember that you don&#8217;t want the home to appear sparse, but in a  location where you currently have a sofa, loveseat and recliner, you  might consider packing up everything but the sofa.  You&#8217;ll still be  helping potential buyers visualize someone living there, without  detracting from your home&#8217;s features.  Remember that you are not selling  the possessions in the house, but the house itself.</p>
<p>Potential buyers will be seeing your home for the first time so do  everything you can to see it through your eyes in that same way.   Remember to find a way to view the best features of your home, rather  than the contents.</p>
<h4>Sell Your Home Faster</h4>
<p>As you prepare to stage your home, keep in mind that you&#8217;ll be packing  up all of your belongings in order to move, so boxing up unnecessary  items and clutter shouldn&#8217;t be a problem at this point.  Try to keep an  objective point of view while rearranging and clearing things out.  If  needed, rent a storage unit for just a few months.  You can not only  fill it with clutter, but also holiday decorations, extra clothing,  extra furniture (depending on it&#8217;s size) and even lawn or yard  equipment.  Remember not to pack away anything you might need for the  upkeep of the home until it sells.</p>
<p>If you think that it will be too difficult for you to determine on your  own what needs to go and what should stay, consider either asking a  friend for help or hiring a professional home stager.  Ask around, get  some referrals, and you will be able to find a professional the same way  you would locate a photographer, caterer, etc.  Some real estate firms  even keep a list of professionals who do everything from repair to home  staging to carpet cleaning.  Check the firms in your area and see what  information they have available for you.</p>
<p>Before deciding on someone, meet with several professionals to get an  idea of who will work best for you.  Find out what they are willing to  do, what fees they have, how long it will take and when they can start.   Ask for references as well as photos of homes that they have worked in  and be sure to ask for ideas on what needs to be done in your home.  You  should also find out what they won&#8217;t help with, as well as determine in  writing who will handle what, such as the actual moving of furniture,  etc.<br />
Be sure to make the outside look as great as the inside by following Updating Your Home&#8217;s Curb Appeal.</p>
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		<item>
		<title>Passing Your Home Inspection</title>
		<link>http://afcbankers.com/2011/06/15/passing-your-home-inspection/</link>
		<comments>http://afcbankers.com/2011/06/15/passing-your-home-inspection/#comments</comments>
		<pubDate>Wed, 15 Jun 2011 19:00:41 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home inspection]]></category>
		<category><![CDATA[home inspection services]]></category>
		<category><![CDATA[selling a home]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=122</guid>
		<description><![CDATA[Most buyers will want a professional home inspector, some lenders require it. At times home inspections are done [...]]]></description>
			<content:encoded><![CDATA[<p>Most buyers will want a professional home inspector, some lenders  require it.  At times home inspections are done even before the home  goes under contract.<br />
Although home inspections will cover multiple systems within the house,  there are several specific sports that buyers worry about most.  You  don&#8217;t need to wait for inspection day to arrive in order to assess the  condition of your home.  Make necessary home repairs and avoid having  small problems turn into big headaches.  Those big headaches can often  require a lot of money to fix and might even lower your home&#8217;s market  value.  Below are listed some of the most common problems, and ways to  fix them:</p>
<h4>Crawlspaces and Wet Basements</h4>
<p>If your basement smells of mildew, it is signaling that the basement is  too moist.  Inspectors will closely examine walls and floors for signs  of dampness and patches of mildew.  Moisture can deteriorate building  materials and attract insects, some an inspector might even use a meter  to determine how much moisture can be found in some of these spaces.   Use plastic to cover exposed earth in crawl spaces or basement; this  will help keep moisture levels down. It may be fairly expensive to repair leaking walls.  If this kind of  problem exists but you do not want to make repairs, consider lowering  the asking price of the home, with a written understanding that the  price reflects this problem.  You also might give buyers an allowance  option to make repairs after closing is completed.</p>
<h4>Mold or Mildew</h4>
<p>Mildew stains and odors  make buyers nervous, even more so now that toxic black mold has become  such a presence.  You might never get an acceptable offer if mold or  mildew are present anywhere in or outside the home.   Kill the mold and mildew and fix the source of the problem.  Although  the mold in your home may be of the normal variety, and not the toxic  stuff (called stachybotrys chartarum) it needs to be remedied  immediately.  Kill the mold and mildew and then find and fix the source  of the problem.</p>
<h4>The Roof</h4>
<p>Your roof will be noticed right from the start, especially by home  inspectors.  If the shingles are moist or rotting beneath, you can  guarantee repairs will be required.  If needed, climb on your roof and  be sure that things are in order.  Even if the shingles are merely  deteriorated you might still be asked to replace them.  Ensure gutters are clean and free from leaves or dirt, as well as  positioning downspouts so that water runs away from the house rather  than near it. Also if you have a chimney, flashing around the base should be  watertight.</p>
<h4>Plumbing</h4>
<p>Plumbing needs to be fixed or clogs unclogged.  Appliances like washers  and dishwashers will be tested and these things become apparent during  these tests.  The inspector will also check your water pressure by  turning on several faucets and flushing toilets at the same time.  The  inspector also may check the septic system.  One of the ways of doing  this is by flushing dye down a stool.  The inspector will then wait to  see if the dye surfaces on the drain field, and if so, this indicates a  draining problem.  You can try these things yourself to see how well  your systems respond.  If you notice any problems, take care of them,  possibly by hiring a professional plumber, before the house is  inspected.</p>
<h4>Electrical</h4>
<p>The inspector will look for receptacles with ground fault interrupters  (GFI), specifically in bathrooms and kitchens.  The circuit breaker and  electrical panel configuration are probably adequate for the home&#8217;s  needs.  A 125 amp electrical panel will work for most homes.  However,  be certain that individual circuits are not overloaded.  Also, these GFI  receptacles have little red test and reset buttons.  The inspector will  probably make certain that they are what they appear to be, and not  just fake ones that aren&#8217;t wired to work.  And lastly, grounded  receptacles, those with three pronged plugs will likely be checked out  also.</p>
<h4>Heating and Cooling</h4>
<p>Heating and cooling systems will be checked and the inspector will make comments on their efficiency.   All appliances will be checked, along with smoke detectors, foundation, and other areas.</p>
<h4>Before the Inspection</h4>
<p>Keep in mind that home inspectors make note of everything.  It is very  possible that the inspection report will come back with negative  statements, but don&#8217;t let this discourage you.  Remember that no home is  perfect, and just do everything you can to put the house in good  condition before you attempt to sell it.</p>
<p>Remember that the home inspection report is not a wish-list for buyers.  Read your contract carefully&#8211;it probably states which systems should be  in good working order at closing. For instance, if the roof is older,  but doesn&#8217;t leak, it is in good working order. If there&#8217;s a leak, and  fixing just the leak is possible, the roof will be in good working  order.</p>
<p>Your contract may also state that you are under no obligation to make  any repairs at all&#8211;although the buyers can then likely withdraw from  the contract. Don&#8217;t feel you must comply with unreasonable demands for  repairs.</p>
<p>For more information, contact your agent.</p>
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		<item>
		<title>How to Handle Home Buyers Remorse</title>
		<link>http://afcbankers.com/2011/06/07/how-to-handle-home-buyers-remorse/</link>
		<comments>http://afcbankers.com/2011/06/07/how-to-handle-home-buyers-remorse/#comments</comments>
		<pubDate>Tue, 07 Jun 2011 20:28:37 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home buyers remorse]]></category>
		<category><![CDATA[home ownership]]></category>
		<category><![CDATA[house buyers remorse]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=116</guid>
		<description><![CDATA[A home is the most expensive thing that most of us will ever buy and we all want [...]]]></description>
			<content:encoded><![CDATA[<p>A home is the most expensive thing that most of us will ever buy and we  all want to be certain that we&#8217;ve purchased the right one.  You loved  your future home when you signed the contract to purchase it, but a few  days have passed and now you are wondering if you made the right  decision.</p>
<p>You can&#8217;t help thinking maybe you acted too quickly,  or a better house might come along.  You&#8217;re wondering if you&#8217;ve agreed  to pay too much for the house or questioning how you&#8217;ll make your house  payments if you run into financial troubles.</p>
<p>Dozens of  questions start running through your mind.  The bad news is these  questions probably won&#8217;t be answered until you have actually become the  owner of the home.</p>
<p>However, unless there is a real reason for  your concern, you are probably just suffering from home buyer&#8217;s remorse.   Here are some suggestions on how to get through the rough spots:</p>
<div>Find Your Wants and Needs List</div>
<p>Hopefully you created some sort of list of your wants or needs before  purchasing the home.  Find it, review your notes, and remind yourself  that this really is what you were looking for.  Ask yourself:</p>
<ul>
<li>Are the important things from my list included in the home?</li>
<li>Think of other houses you walked through.  What was it that made  this house different than the others?  There was a reason you picked  this house to bid on.</li>
<li>Were this particular house a rarity or were there several other houses that met your needs?  Why did you pick this one?</li>
<li>If you found a way to back out of the contract, do you realistically think you will find a better house?</li>
<li>There was something about this house just a few days ago that made  it different, made it special.  Have any of those things changed?  If  so, what changed and how?</li>
</ul>
<p>Once you work through the facts, as well as sort out your feelings, you  may find that you would be nervous moving forward on any house.  However  it is possible that you&#8217;ve made a poor choice and you can talk to your  agent, your lender or sometimes even the seller in order to work through  those concerns or find a way out, if necessary.</p>
<p>Keep in mind that sometimes we start talking to others about the new  house and it is only then that we start feeling remorseful.  Below are  some scenarios that bring on buyer&#8217;s remorse, and maybe knowing them and  being aware of them can help you avoid this happening to you.</p>
<h5>Discussions with family and friends</h5>
<p>Families mean well, but often family and friends tend to question our  choices and even what we paid for, especially if this is a first home  purchase and they think they are old pros.  Think about though, it may  have been years since they were in the market, bought a home themselves  or even considered current prices.  It&#8217;s likely they are out of touch.   And what if they live in a totally different area than you, an area  where housing might cost quite a bit different than what is expected in  your location.  Also keep in mind that many parents don&#8217;t think anything  is good enough for their offspring.  Although families mean well, don&#8217;t  let their ideas, thoughts or suggestions sway you.  Trust your own  decision.</p>
<h5>Continuing to Look</h5>
<p>Stop.  Once you&#8217;ve found a house you like, stop looking at others.  Even  if you feel the contract has a good change of falling through, try to  have some patience.  Once you&#8217;ve found a home you like enough to offer a  contract on, don&#8217;t let yourself fall into the trap of always looking  for something a tiny bit better.  Trust your decision.</p>
<h5>Unguided by Agents</h5>
<p>If you are working with an agent, then their job is to help you.   Contact your agent and anyone else involved in closing whenever you have  doubts or questions.  Some agents only guide their buyers to closing,  rather than through closing.  If your agent isn&#8217;t around to answer  questions or assure you that what you are feeling is normal, doubts and  questions begin to arise.  Doubts can lead to panic and panic can lead  to buyer&#8217;s remorse.  Be sure your agent is helping you with what you  need or find another agent. <a href="http://afcbankers.com/contact.i">Click Here</a> to contact your agent.</p>
<h5>Doubting Yourself</h5>
<p>Because there are no certainties in life, sometimes we think about the  negative rather than looking at the positive.  Every time you find  yourself starting to dwell on what could go wrong, allow yourself to  think of the reasons that prompted you in the first place.  Trust  yourself.</p>
<h5>When Your Concerns are Valid</h5>
<p>There are times that purchases should come to a halt.  Be sure that the  conditions of your contract allow you to back out with no penalties if:</p>
<ul>
<li>You cannot get financing.</li>
<li>The house does not appraise at a price at or above the contract sales price.</li>
<li>The home inspections uncover more repair issues than you are willing to take on.</li>
<li>The property boundary lines are not as represented by the seller.</li>
<li>A title search uncovers undisclosed easements that give someone else the right to use the property.</li>
<li>The title search uncovers undisclosed liens that won&#8217;t be satisfied at closing.</li>
<li>There are problems with the property&#8217;s deed. For instance, the wife of a former owner never released her rights to the property.</li>
</ul>
<p>For help on writing contract contingencies Click Here.</p>
<h5>Time-Shares and Condos</h5>
<p>Many states give buyers the right to cancel a contract if they have a  change of heart after signing a purchase contract with the original  developer-these same laws don&#8217;t usually cover resale units.  Check your  states laws to see what options you have.</p>
<h5>Prepare Yourself in Advance</h5>
<p>Possibly the best thing you can do is to realize that home buyer&#8217;s  remorse is common.  Understanding how and why buyer&#8217;s remorse occurs can  help you work through it if it happens to you.</p>
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		<title>Tips for Preparing and Staging Your House to Sell</title>
		<link>http://afcbankers.com/2011/05/28/preparing-to-show-your-house/</link>
		<comments>http://afcbankers.com/2011/05/28/preparing-to-show-your-house/#comments</comments>
		<pubDate>Sat, 28 May 2011 18:47:11 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home selling tips]]></category>
		<category><![CDATA[staging a house]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=129</guid>
		<description><![CDATA[Once you decide to put your house on the market, you will usually only have one chance to [...]]]></description>
			<content:encoded><![CDATA[<p>Once you decide to put your house on the market, you will usually only  have one chance to impress potential buyers.  Before putting your house  on the market, it&#8217;s a good idea to take a closer look at its condition,  and then prepare your house for showing.  You may find yourself with a  faster sale and a higher offer than might otherwise be expected.</p>
<h4>Start with the Basics</h4>
<ul>
<li>Start by eliminating any clutter.  Put away small kitchen appliances  and other items that are sitting out or on tables.  Remove photographs  from every location other than the walls.  Organize every closet.</li>
<li>The first thing buyers notice is the smell.  Kill any offensive  odors.  Most houses have a specific smell, so if you don&#8217;t smell yours,  ask a friend or neighbor to give you an idea of what it smells like.   It&#8217;s a good idea to have extra room fresheners around, just in case you  need to quickly refresh a room.</li>
<li>Everything from floors to windows must be spotless. Remember to  clean the oven and other major appliances. Skylights should be  crystal-clear, too.  Clean the oven and all major appliances.   Floors  and windows should be spotless.  If you have skylights, those should be  clear as well.</li>
</ul>
<h4>Outside Tasks</h4>
<ul>
<li>Buyers often comment if gutters are full of leaves so clean the  drain gutters.  You don&#8217;t want them questioning other maintenance issues  based on something as simple as this.</li>
<li>Organize the garage, shed, or any outdoor location.  Leave the yard clutter free so it doesn&#8217;t look messy.</li>
<li>Spruce up your front entry.  This is the first look the buyer really  has at your home so you want them to find it attractive.  If needed,  paint or buy a new door.</li>
<li>Find out more about enhancing outside appeal.</li>
</ul>
<h4>Tips for Vacant Homes</h4>
<ul>
<li>Vacant homes often greet agents and home buyers with a blast of  stale or mildew-laden air. As soon as buyers smell mildew, they are out  the door. Deal with the mildew before you list the house.</li>
<li>During  cold months, sometimes the interior of an empty house feels even colder  than the outside.  Be sure to leave the heat or air conditioning  running while your house is on the market.  This will make the house  more inviting as well as reduce odors.</li>
<li>Also be sure to deal  with mildew or stale air so that it doesn&#8217;t greet the buyers when they  arrive.  If possible, visit or have someone visit occasionally to air  out rooms, etc.</li>
<li>And even if you have to hire someone, make sure to keep the lawn and landscaping tidy.</li>
</ul>
<p>Do what you can to help the buyer envision the house at its best.</p>
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		<title>Terrific Tips for First Time Home Buyers</title>
		<link>http://afcbankers.com/2011/05/23/terrific-tips-for-first-time-home-buyers/</link>
		<comments>http://afcbankers.com/2011/05/23/terrific-tips-for-first-time-home-buyers/#comments</comments>
		<pubDate>Mon, 23 May 2011 12:59:18 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home seller tips]]></category>
		<category><![CDATA[how to buy first home]]></category>
		<category><![CDATA[selling your home tips]]></category>
		<category><![CDATA[tips for sellers]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=134</guid>
		<description><![CDATA[Whether buying a bank-owned home or not or even a short sale property, it might surprise a first [...]]]></description>
			<content:encoded><![CDATA[<p>Whether buying a bank-owned home or not or even a short sale property, it might surprise a first time home buyer that they aren&#8217;t the only ones  who feel confused about the whole home buying process.  Almost all home  buyers feel the same way, even those who have purchased a home before.   It&#8217;s easy to forget some or all of the home buying steps you&#8217;ve  followed in the past.  Here are some tips for first time home buyers:</p>
<h4>Educate Yourself</h4>
<p>You may have relatives or friends who live in another state or area.   They might have some good advice for you, especially if buying bank-owned, but chances are that the home  buying process varies greatly in different areas, so do not make the  mistake of relying solely on their advice.  Educate yourself about the  home buying customs where you want to live.  You can talk to realtors,  mortgage brokers, loan officers, or even friends who&#8217;ve recently moved  into your area.  Also the public library might be a good resource.</p>
<h4>How to Get Educated</h4>
<p>Approach a real estate agent by explaining that you do not want to enter  into an agreement for representation at the current time.  However,  find out if they will talk to you about a typical home buying scenario.   Any agent that won&#8217;t take a few moments of time to help you understand  home buying, probably, isn&#8217;t an agent that you want to work with.  If  you have to make several calls to find someone willing to help you, it  will be worth the effort.  If you aren&#8217;t comfortable talking to a real  estate agent, you can always try a mortgage broker or a loan officer.   Everyone will have a different perspective of the process but all should  be able to give you a basic overview or understanding of the home  buying process.</p>
<h4>Questions to Ask An Agent</h4>
<p>Once you find answers to these questions, you&#8217;ll have a much better idea of the basic home buying customs in your area.</p>
<ul>
<li>If I decide to work with an agent, once I&#8217;ve decided to purchase a  home, will the agent help me compose my offer?  If not, who would be  willing to help?  (Lawyer, Broker, etc.) Some agents use fill-in-the-blank forms and if so, ask for a sample to  take home and study and possibly use for ideas to create your own.</li>
<li>If buying bank-owned property, is the agent familiar with the process?</li>
<li>Will an agent give me a sample copy of typical disclosures?  What  kind of disclosures are sellers required to give to their buyers?  Does  it differ by city or area?</li>
<li>Is a home inspection standard in the area?  Are there other types of  inspections recommended?  How much does an inspection usually cost, and  who pays the cost, buyer or seller?  When is the inspection usually  done, before or after an offer or closing?</li>
<li>Is a survey of the property required, and if so, who pays for it, the buyer or the seller?</li>
<li>If I want to be sure the deed to the title is problem free, do I  need to contact a title company?  Does someone else do this for me?   What is the average cost for this service?</li>
<li>Who acts as settlement agent, the person who puts together final  paperwork for you to sign? (attorney, title company personnel, real  estate broker, other)?  Who will put together final paperwork for  signing (otherwise known as settlement agent)?  Several options could  include title company, real estate broker, attorney, etc.</li>
<li>Other than loan costs, what&#8217;s the average total cost for other  closing fees?  What is the average total cost of closing fees, other  than the cost of the loan?  What is included in these fees, such as  taxes, agency fees, etc.?</li>
<li>Once my offer has been accepted, how long does it normally take to  close on a home?  What might hold closing up or make it difficult?</li>
<li>What can I, as the buyer, do to ensure things go smoothly?</li>
</ul>
<h4>Stay Calm</h4>
<p>It is very likely that you will hit a few snags on the way to closing &#8211;  most people do.  However, if you keep your head clear, you will be able  to work with the right people to resolve any issues that pop up and the  transaction will end up smoothly.  There are many details to keep track  of, so remember not to over react if something goes wrong, and every  problem has a solution.</p>
<h4>Now Begin</h4>
<p>Now that you&#8217;ve reviewed this section, your next steps are the same as  they would be for every home buyer.  Relax, take a few deep breaths and  then begin!  Dig into the details and simply start the home buying  process.  If you allow yourself to enjoy it, the whole experience can be  fun!</p>
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		<title>Dealing with a Low Home Appraisal</title>
		<link>http://afcbankers.com/2011/05/16/dealing-with-a-low-home-appraisal/</link>
		<comments>http://afcbankers.com/2011/05/16/dealing-with-a-low-home-appraisal/#comments</comments>
		<pubDate>Mon, 16 May 2011 14:42:56 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[disputing an appraisal]]></category>
		<category><![CDATA[low appraisal]]></category>
		<category><![CDATA[low home appraisal]]></category>
		<category><![CDATA[low house appraisal]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=106</guid>
		<description><![CDATA[You&#8217;ve signed the contract, bugs have been smoothed out, details are clear and things are moving along nicely. [...]]]></description>
			<content:encoded><![CDATA[<p>You&#8217;ve signed the contract, bugs have been smoothed out, details are  clear and things are moving along nicely.  Inspections have been  completed, the results were acceptable and the closing date is nearing  its target.  Everyone is waiting for the results of the home appraisal.   The house sold for a reasonable price and no one is too worried, but  the loan commitment letter still needs to be issued.  Then, everyone  gets a phone call.  The appraisal is $7500 less than the sales price.   What now? How do you deal with a low home appraisal? Everyone wants to panic- buyers, seller, agents, etc. &#8211; what can be  done?  Don&#8217;t panic.  Relax.  Take a deep breath.  Due to the fact that  one or both parties may have another contract waiting on the successful  completion of this one, it&#8217;s very possible that a solution can be found.   Keep you cool, develop a plan and if you work through the problem, the  sale can move forward.  In order to resolve the issue, here are some  possible options:</p>
<h4>Seller reduces price</h4>
<p>This isn&#8217;t the only solution, but it is a very common one.  Is the  seller willing to reduce the price of the home?  Many sellers are  willing to negotiate in order to save the sale.  If the buyers are  obtaining a mortgage, they can probably back out of the contract, based  on a financing contingency, because the low appraisal will affect the  way the lender views the home.  However, if the seller reduces the  price, there is no need to back out.  If you are a cash buyer, be sure  to become protected with a contingency clause stating that you can get  out of the deal if the appraisal doesn&#8217;t come in at or above the selling  price.</p>
<h4>Buyer Pays More</h4>
<p>Depending on how badly the buyer wants the home, the buyer may chose to  make a larger down payment.  However, this might not correct the  problem.  Sometimes, although the buyer is prepared to pay additional  money to make things work, the lender still won&#8217;t approve the loan.   Often lenders don&#8217;t want to finance a property with a negative equity,  despite the buyers willingness to take a risk.  Be prepared to find out  all your options if you chose this scenario.</p>
<h4>Negotiation Buyer and Seller</h4>
<p>Buyer and Seller are both willing to give a little and they come to an  agreement.  If needed, an attorney or outside influence could be called  in to mediate.</p>
<h4>Disputing the Appraisal</h4>
<p>You can always ask the lender for another appraisal or ask the original  appraiser to re-evaluate the property.  Your agent should be able to  find out which houses were used as comparisons.  If your agent doesn&#8217;t  agree that they were good comparables, talk to the appraiser.  Most  appraisers haven&#8217;t seen other houses up close the way real estate agents  do.  It is possible that the appraiser used houses that either needed a  lot of work or weren&#8217;t as comparable as the appraiser first thought.   If poor condition of the houses can be verified, it wouldn&#8217;t hurt to ask  the appraiser to see if any adjustments could be made.</p>
<h4>Personal Property Won&#8217;t be Included</h4>
<p>An appraiser can only put a value on land and improvements of land.  If  your original contract includes furniture or other types of property,  other than land, it won&#8217;t be considered as part of the appraisal.  If  other personal property is desired by the buyer, it should be paid for  separately.</p>
<h4>Ensure Promised Funds Are Available</h4>
<p>Often sellers promise to pay all or part of the buyer&#8217;s closing costs.   Keep in mind that if the price of the home must be reduced, the sellers  may not want to pay the closing costs.  Always talk with your lender  about their policies and be sure to get this agreement in writing, in  case the appraisal comes in lower than expected.</p>
<h4>Bottom Line</h4>
<p>Sometimes it takes a low appraisal for a seller to become convinced that  his house is overpriced.  If it is, the asking price should come down.   If the seller is willing to work things out, a low appraisal won&#8217;t  matter as much.  If the seller isn&#8217;t willing, you might have to consider  withdrawing.  Either way, you&#8217;ll find some resolution.</p>
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		<title>Tips for Selling your Home</title>
		<link>http://afcbankers.com/2011/04/22/tips-for-selling-your-home/</link>
		<comments>http://afcbankers.com/2011/04/22/tips-for-selling-your-home/#comments</comments>
		<pubDate>Fri, 22 Apr 2011 14:15:56 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[fha miami]]></category>
		<category><![CDATA[florida home loans]]></category>
		<category><![CDATA[florida mortgage lender]]></category>
		<category><![CDATA[florida mortgage rate]]></category>
		<category><![CDATA[home seller tips]]></category>
		<category><![CDATA[miami home loans]]></category>
		<category><![CDATA[miami home mortgage]]></category>
		<category><![CDATA[miami mortgage]]></category>
		<category><![CDATA[miami mortgage company]]></category>
		<category><![CDATA[miami mortgage lender]]></category>
		<category><![CDATA[miami mortgage loans]]></category>
		<category><![CDATA[mortgage miami fl]]></category>
		<category><![CDATA[selling your home tips]]></category>
		<category><![CDATA[short sale mortgage]]></category>
		<category><![CDATA[south florida mortgage]]></category>
		<category><![CDATA[tips for sellers]]></category>
		<category><![CDATA[tips for selling your home]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=109</guid>
		<description><![CDATA[When trying to sell your home in Miami,  you need to begin separating yourself emotionally from any personal [...]]]></description>
			<content:encoded><![CDATA[<p>When trying to sell your home in Miami,  you need to begin separating yourself emotionally from  any personal feelings you have about the house.  It is no longer your  home, it is a commodity that you want to sell to a Miami home buyer.  Evaluate your home.  Try  to see it as if you were seeing it for the first time.  If you were  considering buying a home, consider what you might think of when seeing  this house.</p>
<p>What are the home&#8217;s best features?<br />
How can you make these features stand out?<br />
What improvements or changes would be needed immediately?</p>
<p>This brainstorming session will help you know where to start in order to prepare your home for sale. Below are some tips for selling your home. Start getting prepared!</p>
<h4>Make it Spacious</h4>
<p>Consider what you can do to make the house seem more spacious.  You can  start by finding a temporary storage unit or an out of the way location  to store any items.  Then begin moving excess furniture to make the  rooms seem bigger.  Clean and organize your closets, getting rid of  anything possible to help make the closet size appear large.  Do your  best to get rid of clutter in every part of the house. Study the house and brainstorm with friends or family members to come up  with ideas.</p>
<h4>Pack It Up</h4>
<p>Pack up as much as you can of large, personal items or collections…  otherwise the buyer will become more interested in looking at those and  forget to look at the house.  Also, pack away family photos or anything  not on the walls.  The buyers should be able to imagine their own  possessions in your home.  If the buyers start discussing how their  furniture might fit into your home, then you may be on your way to a  contract!</p>
<h4>Find and Emphasize Features</h4>
<p>Every home has specific features that make it special.  Find the  features in your home and emphasize them.  Try moving heavy drapes if  they block your great view.  Those hardwood floors are excellent, but  you may want to remove the rugs to give a better view.  Clear off the  tops of your kitchen cabinets so the vaulted ceilings appear higher, and  remember to dust as well.</p>
<h4>Add Some Life</h4>
<p>Living plants, not artificial, make any home come to life.  Consider staging plants throughout the house.</p>
<h4>Updating</h4>
<p>How about fresh paint. Are walls in the house dingy? Are the colors  dated? Should you clean curtains or other window ornaments?  Look around  and see if everything is up to date, especially if your home is older.   Try washing walls, or even painting them.  Pick new, neutral colors.   If anything else needs to be cleaned, like curtains or blinds, do that  as well.</p>
<h4>Create a Mood</h4>
<p>It&#8217;s possible to create a mood, even if you&#8217;re not going to be there for  the showing.  Bake some bread and place a fresh loaf in a basket on the  table.  It will not only look inviting, the house will smell like  freshly baked bread!  Depending on where you live, you might want a  little music playing softly in the background.  If you live near the  beach, play something calming.  If you live in the mountains, consider  some folk music.  Whatever you pick, be sure it&#8217;s something many people  might enjoy as your taste in music might be very different than the  buyers.</p>
<h4>Curb Appeal is Essential</h4>
<p>We mentioned keeping the lawn nicely trimmed, but how about adding other  elements to grab a buyer&#8217;s attention before they walk in the door?  Try  to think of any other elements that might grab a buyers attention as  they approach your home.  Sweep your driveway, especially after mowing  the lawn.  Wash the outside of the home or sidewalks if needed.  Enhance  landscaping if it might help the appeal.  Find an attractive set of  fixtures for the outside lighting, or line the driveway with solar  lights.  This makes the home especially attractive for buyers doing  evening drive-bys.  For more information on curb appeal, Click Here.</p>
<p>Although every house is different, if you take the time to prepare your  house to look it&#8217;s best, you may be setting your house apart from  others.  You might sell faster and for a better price then you&#8217;d even  hoped.</p>
<p>Overall, if you follow these tips for selling your home, buyers will have a great impression of the home, and they may be more  willing to let minor repairs slip by without concern.  They&#8217;ll feel  better about the overall maintenance of the home, and may even fall in  love with the house as soon as they see it.  Although every house is  different, if you take the time to prepare the house to its best look,  potential buyers will be pleased with the results!</p>
]]></content:encoded>
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		<title>The Realities of Home Showings</title>
		<link>http://afcbankers.com/2011/04/14/the-realities-of-home-showings/</link>
		<comments>http://afcbankers.com/2011/04/14/the-realities-of-home-showings/#comments</comments>
		<pubDate>Thu, 14 Apr 2011 18:29:41 +0000</pubDate>
		<dc:creator>rm2project</dc:creator>
				<category><![CDATA[Blog]]></category>
		<category><![CDATA[home selling]]></category>
		<category><![CDATA[home showing]]></category>
		<category><![CDATA[preparing a home]]></category>

		<guid isPermaLink="false">http://afcbankers.rm2project.com/?p=139</guid>
		<description><![CDATA[We&#8217;ve already discussed the physical work involved in order to prepare a home for showing, (Click here for [...]]]></description>
			<content:encoded><![CDATA[<p>We&#8217;ve already discussed the physical work involved in order to prepare a home for showing, (Click here for more info) but there are several other events that will also take place while your house is on the market.</p>
<h4>Always Ready for Show Time</h4>
<p>Requests for same day or last minute showings are common, so sellers be aware. When sellers add a stipulation requesting 24 hours notice in order to show, they are cutting themselves off from a large portion of the market. There is no reason to require this much time unless you are giving notice to a tenant. If your house is unavailable for show, it will get marked as &#8220;difficult&#8221; by agents and then you will receive fewer calls to show it. Fewer showings mean fewer potential buyers, so sellers need to be aware of the difficulties they may be causing themselves.</p>
<h4>Keep it Flexible</h4>
<p>Most agents will try to arrive during the scheduled showing time, but sometimes that just isn&#8217;t possible. Unexpected occurrences, such as traffic, late clients, or longer than usual showings might cause agents to be late. Sometimes when this happens, there isn&#8217;t a way for a phone call or time to reach you to let you know they&#8217;ll be late. Be prepared to be patient or understanding. Also plan on staying away from home longer than you think is necessary, just to be sure that you don&#8217;t interrupt a showing, especially if it started later than you&#8217;d planned on.</p>
<h4>Sellers Presence</h4>
<p>It is just a bad idea to ask to be present during a showing. Most sellers want to be present in order to see a buyer&#8217;s reaction firsthand. Others think that the buyers won&#8217;t see important features and would like to point everything out. However, buyers feel uncomfortable when sellers are present, and often it kills a sale. Some buyers won&#8217;t even open doors or a closet when the seller is home, and if they don&#8217;t feel comfortable viewing a house, they&#8217;ll rush through it and then hurry onto the next one.</p>
<p>Most sellers want to talk, and usually about more than just the house. Problem is, you have no idea when what you will say will be a &#8220;turn off&#8221; for the buyer… even if it is only about the weather or your hobbies. Buyers are there to look at the house, not for conversation, and most especially not for controversial topics such as politics. If the seller must be home during a showing, it is a very good idea to remain outside or to stay in one location only, rather than walking around with the buyers and agents.</p>
<h4>Sellers Agents During Showings</h4>
<p>When an agent is selling complicated property or a large estate, there may be a reason for the agent to be present for all showings. If this is not the case, or for a typical house showing, it is better for the selling agent not to be around. Some agents are uncomfortable with the selling agent around, especially if they are trying to have discussions with the potential buyers. It is difficult to have an open discussion if the selling agent is hanging around. If sellers are worried about small items being stolen, they should be stored away. Part of preparing the house for showings included packing up collectibles or small personal items as part of the process.</p>
<p>There is also one other negative thing about sellers agents that is probably important. Sometimes busy agents don&#8217;t have time to work around your agent. If you require that the selling agent be present for every showing, your home may get the reputation of being difficult to show and therefore cause you to lose out on much of the buyer interest that could otherwise come your way.</p>
<h4>Controlling Pets</h4>
<p>During showings, no pets, especially large dogs or reptiles, should be in the house, because many people are afraid of them. Occasionally a buyer won&#8217;t even make it past the front door if they hear a growl or bark coming from inside the house. Also, be certain there are no pet odors. Sadly most people can&#8217;t smell the odors in their own home so you may need to ask for an outside opinion about whether or not this is a problem in your home. Sellers don&#8217;t want buyers to remember their house as the house that smelled.</p>
<p>Most sellers just want to help. If you have any questions about what would work best for your home to be shown, ask your agent or consider some of the above ideas. If you&#8217;re really worried some aspect of your home will be neglected in the showing, print up fliers to leave on a hall table or talk it over with your agent before showings begin. It is possible for a seller to help in the sale, without actually being there for the showing.</p>
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