RE/MAX Executive Realty



Posted by RE/MAX Executive Realty on 7/14/2019

Buying a home as a single individual comes with its own set of unique experiences and challenges. Some are to be expected, like financing with a single income. While others not so much, like a more competitive market.

You know that financing will be based on your sole income. However, the vast majority of homeowners are couples who have dual incomes. Your eligibility is going to be very different than that of a couple and for some home buyers when they receive a lower number this comes as a shock. Expect to see numbers that are on the lower side of those who apply as couples.

Since you are on a sole income you may want to look into various loan types such as those that offer low-interest rates and lower down payments. Two to look at are first-time buyers programs and FHA loans.

When comparing options watch the lenders fee in comparison to the interest rate. Where you may have low-interest rate it might come with a higher lender fee. Do the math on these ratios to get a true value of each.

Before applying for mortgage approval, clean up your budget and handle any existing debts, especially expensive ones. Pay off card balances, refinance student loans, and swap out expensive monthly car payments for one that is more reasonable.

Draw up a budget and get really clear on just how much house you can afford month to month. Include the cost of house ownership and maintenance in your budget in addition to the cost of future monthly mortgage payments.

As a sole earner having savings is incredibly important as you don’t have a second income to rely on. In addition to setting aside your down payment (as close to the recommended 20% as you can), build up a nest egg of three to six months worth income should anything misfortune arise.

Start the buying process well prepared with the right mindset. Smaller houses make up a lower percentage of the housing market and cheaper homes are competitive when it comes to the buying process. Be ready for a search that might go a little longer and a buying process that needs you to move a little faster than traditional ones.

Bring a trusted friend or family member with you to home viewings to have a sounding board for your decision process. It’s easier to get swept away emotionally when you don’t have a partner to hash out the gritty details with. Find someone who can come to each viewing with you so that you can compare the different homes pro’s and con’s together.

Buying a home as an individual is a unique process but it doesn’t have to be a difficult or lonely one. Ask for feedback from your realtor, bring a trusted friend and know what to expect from the buying process as a sole income earner.





Posted by RE/MAX Executive Realty on 7/14/2019

More and more frequently, travelers see animals on board airplanes—in the cabin, rather than as special cargo. According to the Air Carrier Access Act, a service animal is: “any animal that is individually trained or able to provide assistance to a person with a disability; or any animal that assists persons with disability by providing emotional support.”

Which animals qualify?

Service animals and emotional support animals, not pets, must fit the description of an animal which, as determined by a qualified medical professional, provides individuals with a benefit to a physical or emotional disorder. Benefits of emotional support animals might include keeping the individual calm or providing relief from anxiety during travel. 

Service animals, such as guide dogs for the blind, or those trained in medical detection for a pending epileptic seizure have more specific benefits, but emotional support animals range from a wide variety that includes dogs, cats, birds, miniature pigs, lizards, and even kangaroos.

The difficulty for airlines is determining which animals are for emotional support and which are merely a pet. While each airline determines its own qualifications, the Act allows airlines to prohibit any animals already banned from entering a foreign country where the flight terminates. Also prohibited is any animal that is too heavy or a size that cannot be accommodated safely in the cabin, any animals that pose a threat to the health or safety of other passengers, and those that might be disruptive to the flight. Airlines flying to and from the United States are only required to accept dogs as service animals.

Airlines may reject reptiles (including snakes), rodents, ferrets, spiders, and sugar gliders at any time.

Is documentation required?

While requirements for each airline may differ, in general, airlines may require any of the following:

  • A current (within one year) document indicating that the passenger has an emotional disability recognized by the DSM (Diagnostic and Statistical Manual of Mental Disorders); and
  • That the passenger needs the animal for emotional support;
  • The provider of the document is a licensed medical or mental health professional;
  • The jurisdiction of the medical professional, and the issue date of their license.

Airline employees may determine the validity of a service animal via verbal assurance, physical indicators such as tags and harnesses, or requiring documentation. Before assuming an emotional-support animal may board with you, check with your airline(s) since some request a 48-hour advanced notice to accommodate your animal.

If you're moving to a new city and need to transport your pets, do not assume they can board the aircraft with you. Ask your local real estate agent to help you locate a certified pet transport service to bring your pet safely to your new home.




Tags: moving tips   pets   animals  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 7/14/2019

Let's face it – the homebuying journey may prove to be an expensive experience. If you're not careful, you risk overspending to acquire your dream house. On the other hand, if you purchase a home without identifying underlying structural problems, you risk costly home repairs down the line.

Ultimately, it helps to establish a budget for the homebuying journey. If you have a budget in place, you can increase the likelihood of having the necessary funds on hand to overcome many potential homebuying hurdles.

You should have no trouble creating a homebuying budget, either. In fact, here are three tips to help you put together a budget for the homebuying journey.

1. Assess Your Financial Situation

If you intend to purchase a house in the foreseeable future, you'll want to take a close look at your finances. By doing so, you may be able to reduce your monthly spending and use your savings to accelerate the homebuying journey.

It often helps to assess your daily, weekly and monthly expenses. Then, you may discover bills that you can cut from your everyday budget.

For example, you may enjoy dining out regularly, but cooking at home may prove to be more cost-effective. And as you reduce your dining expenses, you can save money that you can use toward the down payment on a new house.

2. Obtain Your Credit Score

Believe it or not, your credit score can make a world of difference in your quest to acquire a house. If you check your credit score, you may be able to find ways to improve your credit score prior to kicking off a house search.

You are eligible to receive a free copy of your credit report from each of the three reporting bureaus (Experian, Equifax and TransUnion). Take advantage of this perk, and you can learn your credit score in no time at all.

Remember, your credit score may have a major impact on your ability to land a favorable mortgage. And if you find that you have a below-average credit score, you then can pay off outstanding debt to improve it before you start your search for a new home.

3. Get Pre-Approved for a Mortgage

Pre-approval for a mortgage is ideal. With a mortgage in hand, you can enter the real estate market with a budget for buying a house.

To get pre-approved for a mortgage, you should meet with banks and credit unions. These financial institutions can offer insights into a variety of mortgage options and help you make an informed mortgage selection.

Lastly, as you prepare a homebuying budget, you may want to collaborate with a real estate agent. This housing market professional can help you hone your home search to residences that fall within your price range. Perhaps best of all, a real estate agent will make it simple for you to avoid spending too much to acquire your dream house.

Get ready to buy a house – use the aforementioned tips, and you can establish a successful homebuying budget.




Tags: Buying a home   budgeting  
Categories: Uncategorized  


Posted by RE/MAX Executive Realty on 7/7/2019

House flipping is a lucrative real estate investment venture that requires a lot of skills, planning, and sometimes luck to pull off. Any wrong decision when flipping a house can lead to disaster. When done right, it could also bring in a lot of money. If you can make smart decisions to buy the home at a great price, and keep renovation costs down to the minimum while maximizing the reach, then you can sell the house at a much higher rate than you paid for it. 

If you are looking to flip a house, you are looking to make a profit, so you need to make sure you are aware of the steps to take when investing in house flipping:

1. Invest in the house flip with cash

House flipping is a risky venture, and you do not want to add more debt to increase your financial risk. Flippers that borrow money with interest to finance a house flip often end up having to pay several months of interest which adds to the effective selling price of the house, making the project tighter than it already is. Using cash only to fund a house flip also means that you can wait out a slow market until you find the right buyer for the house at the best price for it.

2. Know the neighborhood market

It is normal to get excited during a house flip, but you must be sure that you never lose sight of the figures behind the investment. Know the neighborhood well so that you can buy houses that are around 80% of the average market value or less. Have the vision to know how the finished house will compete with homes already on the market and how best to price the house for a quick sale.

3. Have a strict budget for your house flip

Speak with your contractor to work out a good idea of how much the renovations will cost. It is good to have an estimate even before buying the house so that you do not overspend and become desperate with the house. Identify all structural, electrical and other issues the house may have before starting the project so that you can know if you can afford the house flip, even if unknown expenses crop up.

4. Plan for smart renovations

Aim for renovations that are low on cost and high on value. Instead of shiny floors and custom cabinets, you can refinish the existing cabinets, add granite countertops and replace all appliances to new stainless-steel ones. Things like painting and thorough cleaning can help increase the house value.

Your real estate agent will guide you on how to finish and renovate your house to meet local expectations and have a quick sale.





Posted by RE/MAX Executive Realty on 7/7/2019

To give your kitchen an updated and decorative look, try adding a bar stool. It can help save space as well as make your kitchen look more trendy than usual. To help you choose which bar stool to pick, review the following tips. 

Measure the area

The most fundamental step in choosing for a bar stool is measuring the area in the kitchen in which you would place the new stools. Bar stools come in different widths and heights, and the right measurements are needed to check whether if it is too high or too low for those who would sit in it. Also, measure with respect to the height of the table or counter and maintain an appropriate distance of about at least 10 inches away from the base of the table or bar to allow guests to assume a comfortable sitting position. 

Decide on the quantity

Choose how many stools you want to add to your kitchen. If you cater to a lot of guests in your house, you can have as many as a dozen stools. Consider the spacing and positioning of each stool, allow at least 30 inches distance from each seat. The proper placement provides room for the guests to move freely while sitting. This measurement though is dependent on the size of the stools; bulk stools take much more space so that an additional distance might be needed. Have the gap in each seat uniform as much as possible. 

Choose the design

Select the style of the stool you desire. You can ask help from decorating experts on the trendy designs that you wish to have for your kitchen. There are many styles and designs for stools available, so you would not have much of a problem choosing the ones that you would prefer. You can have seats with varied colors, or you can have them in patterns with the color theme of your kitchen. Some tips that can help you select are choosing whether to have a stool with arms, stools that can swivel, what material it is, and which theme you would like to apply.

Check for the quality

The more durable the material of the stools, the less maintenance you would need. Always go for quality over price. Check if the bar stools are safe and well-secured for the guests. Also, consider if it is easy to clean and does not get stained easily. 

Visit a furniture store today to look at some kitchen stool options and even try them to see what you like.




Tags: how to   kitchen   Decor  
Categories: Uncategorized  




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