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Post Ratification: The 2 Most Important Steps

In For Buyers, For Renters by jesslynmoir

Congratulations! You’ve found a home, put in an offer, and it’s been accepted. All parties have agreed to the terms and your contract is ratified. Here are two of the most important steps that you need to take to ensure your home purchase is successful: Get a home inspection Once you’re in the negotiation process, it’s essential that you get a third-party inspector to run a thorough home inspection. The inspector will be looking for major structural issues, including problems with the foundation, plumbing, and electrical systems. Your inspector should be extra picky, pointing out the most minor faults. Make …

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How to Buy a Home: Tips and Tricks from Real Estate Insiders

In For Buyers, For Renters by jesslynmoir

No matter if you’re in a buyer’s or seller’s market, there are a few critical steps you can take to make a smarter purchase. Since buying a home is likely the biggest single investment you will ever make, being prepared will help you make a better purchase. Here are our best tips to buying a home. Know your buying power What is your buying power? It is the combination of your credit-worthiness and how much you can realistically pay for a home. First, you need to understand the hidden costs of buying a home. You will need to save not …

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Protesting Your Assessment to Lower Your Property Taxes

In For Buyers, For Sellers by jesslynmoir

Although you must pay property taxes, you can make sure that you pay a reasonable amount based on the true value of your home and land. Many homes get overvalued because assessors err in valuing a home and homeowners don’t pay attention to these mistakes. Consequently, homeowners unwittingly pay more than they should in property taxes. However, if you’ve owned your home for more than a year, you can potentially lower your property tax burden by showing that your home has been overvalued, meaning that your tax assessment claims your property is worth more than it is. Even if the …

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Top Homeowner Tax Deductions That Decrease Your Tax Burden

In For Buyers, For Sellers by jesslynmoir

You can’t avoid paying taxes, and we all need to pay our fair share. However, paying your fair share shouldn’t place an unjust burden on you. As a homeowner, your tax burden is doubled because you pay both income and property taxes. To decrease that burden and boost your tax savings, take advantage of these homeowner tax deductions. As a result, you can use your tax savings to go on a vacation, increase your child’s college fund, build upon your retirement fund, or complete another home improvement project. Home Improvement Tax Deduction You spend so much of your time at …

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Find and Correct mistakes on your credit report

In For Buyers, For Renters by jesslynmoir

How common are credit report mistakes? Inaccuracies are rampant. In a 2012 study by the Federal Trade Commission, one in five people identified at least one error on their credit report. In their 2015 follow-up study, almost 70% thought that at least one piece of previously disputed information was still inaccurate. Go through each section of your report systematically, and take notes about anything that needs to be corrected. Your personal information Start with the basics: often overlooked, one small incorrect personal detail like an incorrect address can accidently lower your score. So, before you look at any other part …

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Get Your Credit Score in Shape Before Buying a Home

In For Buyers, For Renters by jesslynmoir

How strong is your credit? Cleaning up your credit is essential before you make any major financial moves. Having a bad score can hurt your chances of being able to open a credit card, apply for a loan, purchase a car, or rent an apartment. It is especially important to have clean credit before you try to buy a home. With a less-than-great score, you may not get pre-approved for a mortgage. If you can’t get a mortgage, you may only be able to buy a home if you can make an all-cash offer. Or if you do get pre-approval, …

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Richmond Metro Zoo

In For the Family by jesslynmoir

I don’t know about you, but I am a HUGE zoo lover. I try to go to the zoo whenever I’m in a new area and I can definitely say that the Omaha, Nebraska zoo is the best zoo I’ve probably ever been to! Now that being said, I recently had the opportunity to visit the Richmond Zoo – with two toddlers! I wanted to pass on some information about the zoo to other families out there considering visiting this establishment!

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Amp UP Your Resale With: Exterior Changes

In For FSBO, For Sellers by jesslynmoir

Whether you’re putting your home on the market this year or in the next five years, it is a smart decision to start building your home’s resale value now. Here are just one way to create a comfortable home while making it easier to put more money into your bank account on closing day. Landscaping The Virginia Cooperative Extension at Virginia Tech published a study that shows landscaping can increase a home’s value by 15%. The study claims that a home valued at $150,000 could increase its value between $8,300 and $19,000 with the addition of landscaping. Particular landscape elements add …

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Amp UP Resale With: Kitchen & Bathroom Updates

In For FSBO, For Sellers by jesslynmoir

Whether you’re putting your home on the market this year or in the next five years, it is a smart decision to start building your home’s resale value now. Here are just one way to create a comfortable home while making it easier to put more money into your bank account on closing day. Remodeling Your Kitchen Kitchen remodeling can get expensive, but small renovations can make your home more buyer friendly. Changing your kitchen’s texture and color using a matte finish and neutral colors such as putty or grey enhances your home’s resale value. Because matte finishes have transitional qualities, …