• Buyer Tips, Home Buying, Resources

    Posted on August 22nd, 2010

    Written by Captain Real Estate Group

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    What Not to Overlook on a Final Walk-through

    What Not to Overlook on a Final Walk-through

    It’s guaranteed to be hectic right before closing, but you should always make time for a final walk-through. Your goal is to make sure that your home is in the same condition you expected it would be. Ideally, the sellers already have moved out. This is your last chance to check that appliances are in working condition and that agreed-upon repairs have been made. Here’s a detailed list of what not to overlook for on your final walk-through.

  • Financing, Resources, Seller Tips

    Posted on August 21st, 2010

    Written by Captain Real Estate Group

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    Understanding Capital Gains in Real Estate

    Understanding Capital Gains in Real Estate

    When you sell a stock, you owe taxes on your gain — the difference between what you paid for the stock and what you sold it for. The same holds true when selling a home (or a second home), but there are some special considerations.

    How to Calculate Gain
    In real estate, capital gains are based not on what you paid for the home, but on its adjusted cost basis. To calculate, follow these steps:

  • Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    12 Tips for Hiring a Remodeling Contractor

    12 Tips for Hiring a Remodeling Contractor

    1. Get at least three written estimates.

    2. Check references. If possible, view earlier jobs the contractor completed.

    3. Check with the local Chamber of Commerce or Better Business Bureau for complaints.

    4. Be sure the contract states exactly what is to be done and how change orders will be handled.

  • Buyer Tips, Resources, Seller Tips

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    Does Moving Up Make Sense?

    Does Moving Up Make Sense?

    These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

    1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.

  • Buyer Tips, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    What’s a Home Warranty?

    What’s a Home Warranty?

    A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.

    Check your home warranty policy to see which of the following items are covered.

  • Buyer Tips, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    What a Home Inspection Should Cover

    What a Home Inspection Should Cover

    Home inspections will vary depending on the type of property you are purchasing. A large historic home, for example, will require a more specialized inspection than a small condominium. However, the following are the basic elements that a home inspector will check. You can also use this list to help you evaluate properties you might purchase.

  • Buyer Tips, Financing, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    Tips for Buying in a Tight Market

    Increase your chances of getting your dream house in a competitive housing market, and lower your chances of losing out to another buyer.

    1. Get prequalified for a mortgage. You’ll be able to make a firm commitment to buy and your offer will be more desirable to the seller.

  • Buyer Tips, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    Take the Stress Out of Homebuying

    Take the Stress Out of Homebuying

    Buying a home should be fun, not stressful. As you look for your dream home, keep in mind these tips for making the process as peaceful as possible.

    1. Find a real estate agent who you connect with. Home buying is not only a big financial commitment, but also an emotional one. It’s critical that the REALTOR® you chose is both highly skilled and a good fit with your personality.

  • Buyer Tips, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    Pros and Cons of Going Condo

    Pros and Cons of Going Condo

    Condominiums and townhouses offer an affordable option to single-family homes in many markets, and they’re ideal for those who appreciate a maintenance-free lifestyle. But before you buy, make sure you do your legwork. These are some of the important elements to consider:

  • Buyer Tips, Home Buying, Resources

    Posted on August 20th, 2010

    Written by Captain Real Estate Group

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    How High Tech Home is Your Home?

    How High Tech Home is Your Home?

    If the latest technology or entertainment options are important in your new home, add the following questions to your buyer’s checklist.

    1. Are there enough jacks in every room for cable TV and high-speed Internet hookups?

    2. Are there ample telephone extensions or jacks?

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