Resources For Realtors, Agents and Brokers

As you scour home listings trying to find the perfect home, one vital step is to evaluate all the possible plans you want to accomplish with your new home. Do you plan on starting a new business from home? Will your elderly parents be living with you? Don’t make the regrettable mistake of purchasing a home they can’t be modified for a guest unit or can’t be used for a home business. Each city has its own local zoning regulations or codes which regulate what you can and can’t do with your property. While you’re at it, it’s a good idea to find out what options your neighbors are permitted to do with their property.

The first step is to check with the local municipal planning and building department to discover what the zoning use is for the neighborhood you’re interested in. The primary classification is single-family residential, however you also find some neighborhoods zoned for multifamily, transitional, or mixed use such as residential and commercial.

It’s vital to evaluate and decide which zoning classification is perfect for your circumstances. If a home business is in your future goals, choosing a house with a mixed used zone may be more suitable. One point to be aware of is your neighbor may also take advantage of the zoning allowances and construct a business or apartment complex next door to you.

At first glance, it may appear zoning ordinances only regulate how your home can be used. But they can also regulate the minimum square footage of the property, its maximum square footage, number of levels, and how it needs to be oriented on the land. You’ll even discover there are guidelines spelling out how your property needs to be set back from the road as well as how much distance their needs to be between your home and your neighbor’s. This fact could drastically affect any future plans you may have for a sun deck or extra room.

You should consult with a local realtor or real estate lawyer if you come across these circumstances:

1) You Have Plans For A Home Business – If the house you’re contemplating on purchasing is situated in a residential zone, study the regulations to see what’s permitted. You’ll find some cities permit a home business under certain conditions. Contact other local home businesses to discover what their experience has been with the city.

2) You Plan On Remodeling – If up you have dreams of renovating or adding new structures to a property, the local zoning regulations may have stringent regulations on the type of renovations you can do. For example, some local codes may prohibit the addition of a second floor.

3) You plan to park an RV or boat in your driveway.

4) Your Home Is Designated As Historical – Historical home renovations are strictly regulated to maintain the original style and color.

5) You have plans to eliminate a large tree

6) Your remodeling plans are very unique or specialized.

7) You have plans to raise farm livestock such as horses or goats.

Looking to find the best Newport Beach homes for sale? Come and see what Newport Beach Realtors can do to help you find your dream home.

Does a short sale have to go through a Real Estate Company?

Trying to sell a home on a short sale and the real estate agent has decided to pull the listing due to she feels she can’t “give me her services anymore”. Do I need to list it now with another real estate Co. or can I go through some where else. My time is running out. Is there any place to turn?

make her give you a release in writing so you can relist with another agent who will work with you.

Real Estate Short Sale: Create a Proof of Funds letter

The Top 10 Secret Pre-Foreclosure Tips, Tricks & Tools Every Real Estate Professional Needs to Know $19.95 Acting on the right information, anyone can succeed in pre-foreclosure real estate and help people avoid foreclosure.Discover some of Sharon’s best tips, tricks and tools including:- Timing is Everything! Pay attention to deadlines and milestones…- Options to slow or even stop… Got to know the processes for all…- No today does not mean No 3 days before the sherrif’s sale…- Documentation -…

Long Profits on Short Sales – How to Find and Buy Discounted Real Estate Investment Properties $1,249.00 What is a short sale? In a nutshell, it is lender discounting. More specifically, it is when a lender agrees to discount in order to allow you to purchase the property as an alternative to foreclosure. What does this mean to you, the Investor? You earn ‘Long Profits’ on ‘Short Sales!’ Tony Litster and Gavin McCaleb developed a system for short sales that they discovered could be repeated lik…

Vol. 09: Listing an Upside Down Property If you are proceeding to list an upside down house, I assume that means you are real clear on the consumers financial resources (they have none), their commitment to cooperation with you and the bank (complete) and the house is ALREADY clean. This webinar session (one hour) is designed to give you very specific instructions on the process of listing an upside down property. We will cover: a. Pr…

Vol. 08: Short Sale: Not Your Typical Transaction This webinar is an excellent opportunity for a real estate professional to get some clarity on the major differences between a short sale attempt and a traditional listing. Whether you are an experienced REALTOR® or a neophyte, you will find this session invaluable in getting a handle on how to improve your interactions with the lender who will ultimately make a decision on the short sale listing…

The Art of Short Selling (A Marketplace Book) $45.85 To “sell short” on Wall Street, an investor finds overpriced stocks and then deals them before actually buying them. Regularly falling in and out of favor, the discipline remains one of the financial market’s highest-risks but most profitable practices. The Art of Short Selling by Kathryn Staley, an expert in the field, uses examples and instructions to show how it can be done successfully–…

Foreclosure Investing For Dummies $6.75 With the housing bubble of the past few years bursting and interest rates on the rise, there has been an upsurge in the number of foreclosures across the country, creating many opportunities for profit. But investing in real estate foreclosure[s?] can be a tough job, especially when a negative stigma is attached. How do you make money while preserving your morals and trust?Foreclosure Investing Fo…

2009 Chicago Association of Realtors Awards Confirm Continued Growth of RE/MAX in Chicago Real Estate Sales
The growing impact of the RE/MAX Northern Illinois real estate network on home sales in the City of Chicago were confirmed by the results of the recent Chicago Association of Realtors® (C.A.R.) annual sales awards. The number of RE/MAX agents earning C.A.R. annual honors for sales success in the Chicago real estate market last year increased by 74 percent compared to the prior year.
Mortgage Short Sale, Foreclosure & Real Estate Marketing, Realtor & Expert Negotiator

Do you believe renting a home is less expensive than owning? Many renters suffer from the same belief, unsure which option is best for their particular circumstances. Many renters dream of owning a home, but they’re reluctant to pursue this option fearing they’ll never be able to afford it. Unfortunately, a hot real estate market with escalating property prices reinforces this pessimistic attitude.

Before you throw in the towel, let’s go over some important facts you may not be aware of: after evaluating the positive effect on your taxes, escalating rent payments, the ability to create wealth through equity, and the freedom associated with owning your own home, you’ll be shocked to learn being a homeowner can cost you less over time. When you calculate the thousands of dollars in potential equity you’re passing up, you’d be foolish to pass up the opportunity of buying a home.

As a home owner, you can reduce a sizable portion of your taxes by deducting the majority of your mortgage payments from your taxable income. After taking into consideration your particular Federal, state, and local marginal income tax rate (MTR), your home ownership costs can decrease. This could slash your overall home loan costs by 20 to 40%.

For instance, let’s assume your loan payments (including principal, interest, property taxes, and insurance) is $2500. Once you factor in the tax deductions, you could end up only paying around $1900 per month. But of course your final savings will be different contingent on your individual circumstances. The main thing you’ll want to remember is don’t think owning a home is more expensive than renting. It’s best to seek the counsel of an experienced loan agent and accountants to evaluate if owning a home is beneficial to your situation. You may be shocked to learn how affordable buying real estate to be.

When you graduate to the position of the homeowner, not only do you gain financially, but you get to experience the joys of individual freedom. Think about how wonderful life would be without a controlling landlord telling you who can visit your home or what pets you can keep. If you were to consult with former renters, the benefits of owning a home far outweigh the sacrifices needed to make it happen. It’s difficult to put the price on the benefits of individual freedom and home stability when you become a property owner.

When you first evaluate the monthly expenses of ownership, it may appear to be more costly than renting. This trend tends to be applicable in areas where land costs are high. Don’t be discouraged if this should happen. You need to remember the financial gains of being a homeowner accrue over time. Over time, you can save thousands of dollars with your own home.

One important feature of ownership is the capability of amassing thousands of dollars over time. Even if the home market fluctuate up and down, homeowners still tend to profit more financially from increased home equity than someone who rents.

Learn more about Tustin homes for sale. Use these local Tustin Realtors and see what they can do for you.

If you want to be in control of loan negotiations than a forensic loan review puts you in the drivers seat. This is a detailed analysis of the loan where professionals go through the loan in detail to make sure it meets all necessary federal loan laws.

Those individuals that do not really understand their loans will be the ones that are most likely getting fleeced with bad loans or unethical loan practices.

These unethical practices may make it difficult for you to manage your new financial responsibilities and this means you are a greater risk of lowering your credit score or eventually foreclosing on your loan. By having a forensic review of your loan agreement you will know what sections are illegal or not following proper loan protocol.

There are professionals that specialize in knowing all the laws that apply to loans and how to read the loan documents to ensure everything is square. Several federal laws and guidelines are set in place to protect the consumer. However many companies do not follow these because the consumer is not aware of these laws.

Some of the best circumstances for using a forensic review is if you are having difficulties making your loan payments and want to negotiate new terms. You are bringing a lot of power to the table by pointing out the original issues with the loan.

The services are invaluable and are of great help when negotiating on new loan terms or if you just want someone to go over the new loan being offered.

For additional info and queries in regards to Truth In Lending Auditors please go to the Truth In Lending Auditors group at www.tila2.com