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Vacant Homes When searching for homes, you may come across a few that have laid vacant for the past few years. Before falling in love with these properties, there are a few things that you should check to ensure that the home is in tip-top condition. Here are the top things you should check before buying a vacant home. Plumbing When the water hasn’t been turned off, pipes are prone to fractures. Plumbing fixtures require water in them to stay pliable. If there’s no water inside the pipes, flooding is possible. Make sure you turn on all water and valves...
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Bidding Wars A bidding war occurs when two or more buyers are interested in a home and continue to make higher offers they are willing to pay for the property. This is usually fast-paced, meaning buyers will have to make less thought out decisions. While bidding wars may be the dream for a seller, they can often lead to buyer’s remorse. As such, be sure that you really want a home before you continuously put in more bids. Bidding wars are exceedingly common in a seller’s market. How to win a bidding war Price is important, but not everything Price...
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Loft Apartments When searching for a new place to live in, you’re probably going to come across many different types of spaces. One of the places you might find is a loft apartment. The definition of loft can vary depending on the region you are looking; however, it is most commonly used to describe one type of apartment. Most common usage of “loft” A loft apartment is most commonly defined as a large, open space. The space generally does not have any internal walls, with the exception of the bathroom. These apartments are usually in buildings previously used for commercial...
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What is an Easement? An easement is a property right that gives a holder nonpossessory interest in someone else’s land. More simply, it is the right to the use of/access to the land owned by another. Most easements are affirmative, meaning that they involve the preservation of a person’s access to light or view by limiting what can be done on neighboring properties. Land that has an easement on it is called a servient estate. The land or person benefitted by the easement is called the dominant estate. How is an easement created? An easement is usually created by some...
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Alternative housing options have been gaining a lot of popularity recently. Nowadays, you can find people living in a variety of different housing options. One of these alternative housing options that have been gaining popularity in recent years is a houseboat. What is a Houseboat? A houseboat is a broad term, which covers many different styles of boats. Houseboats range from tiny boats with a mattress stuffed in the hull to huge yachts that outsize two-story homes. The most common style of houseboat, however, is a floating barge with a moderately sized engine. These boats have an outward façade that...
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October is in full swing. Before the weather gets too cold, here’s a few home maintenance things you should do before winter sets in. Replace your HVAC system The HVAC (Heating, Ventilation, and Air Conditioning) system’s filter needs to be replaced every one to three months. This is done to keep the air in your home clean and flowing freely. For the best results, use a high-quality air filter. High-quality air filters remove mold, pollen, and other microscopic particles from the air. Install or close storm windows In colder climates, storm windows on a single pane glass can reduce heat...
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Clothes dryers can be found in approximately 81.5 million homes throughout the United States. While they are a major convenience, if they are not properly cared for, they can cause fires. What causes dryer fires? Most dryer fires are caused by extra lint. Extra lint builds up when the dryer is not cleaned on a regular basis. In addition to keeping your dryer clean, make sure that there is proper air flow around the unit. If there is not proper air flow, the heat can cause combustion. How can you prevent dryer fires? 1. Keep your vents clean Clean your...
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There’s no worse bathroom calamity than a leaking toilet. Luckily, fixing a toilet is easy and doesn’t require a visit from the handyman. Follow these six steps to get your toilet back to normal. Step One: Inspect the float and inlet valve Look inside the tank. If the water level is rising above the overflow tube, the issue may be with either the float or the inlet valve on the ballcock. The float rises above the level of the water and lets the inlet valve know when to shut off flow. However, if this isn’t functioning properly, the water level...
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One offer on your dream home may not be enough. If a seller finds your offer undesirable, they may issue a counteroffer. What constitutes a counteroffer? If a seller doesn't find the buyer's purchase offer and terms agreeable, they can submit a counteroffer. Typically, a counteroffer states that a seller will accept a buyer’s offer subject, but not limited, to the following: A higher price Increasing the size of the earnest money deposit Changing service providers Excluding or including personal property from the contract, such as a washer and dryer Changing the closing or possession date Modifying contingency time frames Early release...
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There are some things that your realtor can’t tell you. Voicing opinions about details of a neighborhood can violate the Fair Housing Act. The Fair Housing Act was enacted in 1968 to eliminate housing discrimination based on race, color, national origin, religion, sex, disability, or family status. It prohibits any real estate professional from steering potential buyers away from a community based on any federally protected classes. To avoid violating the law, real estate agents often give vague descriptions and answers to questions. They don’t want something they say to be misconstrued in any way. Real estate agents often find...
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