by LRA Real Estate Group | Jun 13, 2011
With rents falling, tighter spending is the only way to grow a building’s NOI. By Mariwyn Evans | June 2010 Courtesy of Realtor® Mag Want to boost the value of your client’s building? Two words: Cut expenses. “During economic upturns, owners forget...
by LRA Real Estate Group | Jun 13, 2011
Navigating the loan maze isn’t easy. Here are some helpful tips so you can educate your borrowers about the process. If your clients are still approaching borrowing like it was 2006, you need to educate them about today’s realities, says Joe Scorese, a...
by LRA Real Estate Group | Jun 13, 2011
Moving to a new home can be stressful, to say the least. Make it easy on yourself by planning far in advance and making sure you’ve covered all the bases. 1. Plan ahead by organizing and budgeting. Develop a master “to do” list so you won’t forget something critical...
by LRA Real Estate Group | Jun 13, 2011
On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference. HUD-1 settlement statement. Itemizes all the costs — commissions, loan fees, points,...
by LRA Real Estate Group | Jun 13, 2011
Moving to a new home can be stressful on your pets, but there are many things you can do to make the process as painless as possible. Experts at The Pet Realty Network in Naples, Fla., offer these helpful tips for easing the transition and keeping pets safe during the...
by LRA Real Estate Group | Jun 13, 2011
You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell...
by LRA Real Estate Group | Jun 13, 2011
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...
by LRA Real Estate Group | Jun 13, 2011
Title insurance protects the holder from any losses sustained from defects in the title. It’s required by most mortgage lenders. Here are five other things you should know about title insurance. 1. It protects your ownership right to your home, both from fraudulent...
by LRA Real Estate Group | Jun 13, 2011
1. Review the Comprehensive Loss Underwriting Exchange (CLUE) report on the property you’re interested in buying. CLUE reports detail the property’s claims history for the most recent five years, which insurers may use to deny coverage. Make the sale contingent on a...
by LRA Real Estate Group | Jun 13, 2011
1. Know about exclusions to coverage. For example, most insurance policies do not cover flood or earthquake damage as a standard item. These types of coverage must be bought separately. 2. Know about dollar limitations on claims. Even if you are covered for a risk,...
