Blog - Real Estate Part

Jun242021 by Rex A. SabolNo Comments

Loan Modification Assistance – 5 Options That Could Change Your Life

A loan modification is basically a change to your current loan agreement that will make your payments more affordable. This will prevent you from going into default and keep the banks and the lenders happy. You see, in most cases, the bank would rather do a loan modification then take the chance of you filing bankruptcy or them having to go through another foreclosure proceeding.So what do you need to do in order to get a loan modification? Well the first step is to simply ask. As the good book says, you have not because you ask not. Just call up your bank and let them know you are having some financial difficulties. Be honest and let them know you are not able to make your payments right now. Each bank has a different set of requirements so the only way you will know if you qualify is to ...

Jun232021 by Rex A. SabolNo Comments

Is Your Building Thermography Survey Telling You What You Want To Know?

Green Real Estate

Driven by rising energy costs, building regulations and Carbon Emission Reduction Targets (CERT), thermography of building envelopes is the fastest growing application of thermography. The intention of this article is to inform potential customers of the various approaches to building thermography and provide an understanding of the benefits and limitations of each of these approaches. This will enable the reader to specify the type of survey they require to meet their desired outcomes.Qualitative or Quantitative?Approaches to building thermography can classified under two categories; qualitative and quantitative. Qualitative approaches rely on the thermographer's knowledge and experience of thermography and building science to identify potential defects with a building envelope. This appr...

Jun232021 by Rex A. SabolNo Comments

Real Estate Marketing Mistakes: Poor Follow Up Letters

Marketing

Sometimes in my research for real estate clients I check out their competitors. And, as part of that research, I sign up to get follow-up emails from them. A few are well written and informative. The rest are... definitely not. The majority ask if I'm still looking for a house and invite me to call if I see one I like. Never mind that I didn't identify myself as a buyer or a seller - and that no one asked which I might be. If I'm a seller, I'm definitely not interested in that message. And if I'm a buyer, the agent hasn't given me any reason why I might want to use them to help me with the purchase of a home I've already picked out. Most home buyers have no idea of the reasons why they should consider using a buyer's agent rather than the listing agent. In fact, most don't k...

Jun232021 by Rex A. SabolNo Comments

5 Steps to Moving Interstate Effectively

Moving Relocating

Moving interstate usually takes quite a bit of planning and time because there are so many considerations to be made. Many people move to a different state usually because they are relocating for a new job, to be closer to family, or for a change of scenery.The process of moving takes a lot of time in and of itself, but when you are making the transition across state borders, you will need to make sure that you follow these steps to do so effectively.Step 1: Plan in advance for required assistanceAfter you have chosen your home, make sure that you plan for your move. Chances are you will need help for many aspects of your move, like packing up for example. If you have any friends or family in the area, let them know as early as possible so that they can help you on moving day.Step 2: Label...

Jun222021 by Rex A. SabolNo Comments

Tenant Representation: What It Is and Why You Need It

Commercial Property

Office tenants have a lot to think about when it comes time to secure a new lease on an office building or renew their current commercial office space lease with their landlord. There is so much to consider that office tenants sometimes become overwhelmed and due to such feelings may make mistakes in securing their office space lease. This is where representation can help. The following will highlight what tenant representation is and why you, as a office tenant, need this on your side. What Is Tenant Representation? Tenant office representation is when a representation advisor helps commercial tenants with their space needs. The broker will help the tenants find an office to lease, help them secure the office space lease and aid them in every step along the way when it comes to nego...

Jun212021 by Rex A. SabolNo Comments

Thanking Your Great Tenants In Easy Ways

Property Management

You probably know better than anybody how much an inconvenience renting to some renters can be, being a seasoned landlord. There is the potential for your rental unit to be abandoned in an absolutely awful condition after they leave, even if these people residing in your property may be paying for your home loan. Some renters complain about every little element they believe to be wrong with the unit, while other people are just noisy.Particularly in this current economic climate where many houses stay empty presently and renters have a lot of options from which to choose, you can appreciate what it is to have good and dependable tenants, being a landlord. Is your gratitude showing through, though? Below are tips to show your gratitude.Be sure to make them feel welcome if your tenants are r...

Jun212021 by Rex A. SabolNo Comments

Four Benefits to Investing in Income Property

Investing

Investing in real estate is an excellent way to diversify any investment portfolio. There are four major benefits when investing in income property. And over time, each of these benefits become more and more valuable. We'll cover how each aspect can reap great rewards for your real estate investment. Capital Appreciation Capital appreciation is the increase in value from the price of the real estate increasing. In other words, as the property rises in value your investment value also rises. Add to that increase the effect of leverage and real estate can offer large returns. For example, suppose you purchase an apartment building for $500,000 and take out a loan for $400,000. Now, assume that in five years the value of the apartment increased by $100,000 to $600,000. The capital appre...

Jun212021 by Rex A. SabolNo Comments

A Quick and Easy Introduction to The Party Wall Etc Act 1996

Property Management

Most people find the thought of dealing with party wall issues a daunting prospect. The Party Wall Etc Act has many connotations, so it is no surprise that lots of people have difficulties with it.Things can become even more convoluted in major cities like London, which have many period properties and buildings in close proximity to each other. It is vital that these issues are dealt with properly.Explaining the Party Wall etc Act 1996The Act provides rights and responsibilities whichever side of the 'wall' you are on. For the party carrying out the work the Act provides for rights not afforded by common law, such as access onto the neighbours land to carry out some or all of the proposed works, or provide temporary works (e.g. scaffolding) during the course of the works.It is important to...

Jun202021 by Rex A. SabolNo Comments

The Danger of Opting for Craigslist

Leasing Renting

People tend to browse through the classified advertisements section of their daily newspapers when looking to rent out apartments. However, with just about everything moving onto virtual platforms in this current era of modern technology, an increasing number of people have turned to online advertising to rent apartments. Being perhaps the premier online classifieds advertising website, Craigslist is the preferred choice of many.The Danger of Opting for CraigslistThe danger of opting for Craigslist and not dealing with real estate agents is the high risk of Craigslist apartment scams. Scammers who target the apartment rental market pose as either landlords or as people who look to rent out an actual apartment. When scamming potential buyers, scammers first attract the attention of many peo...

Jun202021 by Rex A. SabolNo Comments

Why You May Need Land Surveys

Land

There are many situations where you may need surveys done on your property or a piece of property you're considering purchasing. While land surveys may seem expensive, they are not as expensive as having to defend a building you've already constructed or even who owns a fence.At the first sign of a problem with your neighbor about property lines, begin your research into any property lines that have already been done. Most of the time you can find information at your building department or even the tax assessors office.In fact, you may be able to solve the issue without even hiring a surveyor or a lawyer. So research first before panicking about a problem. When you don't find your answer there or there is a discrepancy of one sort or another, you might have to have the property lines estab...