Real Estate Lingo You Should Know

Buying or selling a house isn’t rocket science but it does come with its own lingo that can be sometimes confusing especially to first time buyers and sellers.

If you are looking to buy or sell your property here are some real estate lingoes that you should know.

mortageMortgage – This is a loan that a bank or a financial institution would draw up for you in order to help you buy the property. It contains information on when the loan commenced, the amount that you have to pay monthly and the duration of the loan among other things.

There are 2 most common mortgages called fixed rate and adjustable rate mortgage. The fixed rate mortgage means that your mortgage has a predetermined interest rate all throughout the duration of the loan. An adjustable rate mortgage on the other hand has a variable interest rate.

Pre-approval letter – Ask your bank for a pre-approval letter so that you can have an estimate of the amount that they are willing to lend you. It helps you determine what you can and cannot afford early on. A pre-approval letter can also provide assurance to the home seller that you can get a loan when needed.

Buyer’s and listing agent – The buyer’s agent is the person who is representing the buyer whereas the listing agent is the person or real estate firm representing the seller. If your agent is the same agent for the listing or the seller then you can be assured of a smoother transaction than when the buyer and listing agent comes from different real estate agencies.
Listing – a house that is put up for sale is called a listing by most real estate agents. Listings are usually posted online nowadays so that people looking to buy properties can easily click on it and view the information about the property.

A listing usually contains the price, number of rooms and bathrooms, size of the property and other special information about the property. In most real estate sites, they let you customize or filter your search so that you don’t have to go through listings that you are not interested in. You can filter for location, price and type of house easily. A photo or photos of the listing is also available. In some cases you can even go on a virtual tour of the property. This can save you time and money and help you decide early on if it is the property that you seek.

“As Is” Condition – a property with an “as is” condition label are usually properties that require some or a lot of work. They are usually priced lower than usual market value but can become more expensive as you go about doing the repairs. If you are unsure about the extent of the repairs that you need to do on a house bring an expert contractor with you on your next viewing of the house. He can provide you with at least an estimate of how much it will cost to fix the house and you can decide whether it is worth the trouble or if it is better to just find another house.

Closing Date – The closing date is the official date when the new owner takes ownership of the property. This means that the new owner’s name is on the title of the property.

Appraisal – An appraisal is the estimated value of the property that you are looking to buy. It is conducted by a licensed appraiser. The appraiser uses information on the prices of the homes that were sold in the surrounding areas and the inspection of the actual property itself as basis for the estimated price. The appraisal is one of the things that the banks use in determining the amount of loan they will grant you.

InspectionInspection – Inspection of the property by a licensed inspector will cost around $500-$850. The inspector will look at things like the property’s foundation, plumbing, heating and electrical information. It is essential that you get an inspector to look at the property after an offer has been made so that you will know what you are getting yourself into. He may be able to see some things that you did not see like growing molds or a termite infestation.

Some of the real estate lingoes are easy to understand and some are not. Educating yourself with these terms can ease the transactions you will have when selling or buying a property.

home If you are looking for a cheaper option, checking out foreclosed homes for sale Li real estate finder would be a more valuable option.

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Matching Your Skill with Your Golf Clubs

There are many cases where golfers tend to make the mistake of buying a set of golf clubs that aren’t exactly meant for their game. Some players want to get that new driver believing it can give a few 20 yards more to their shot without landing on the rough. Because of sticking to how newly-advertised clubs can bring magic to a player’s game, many have fallen short on truly understanding what kind of equipment suits them.

A player’s skill level should be paired with a golf club set having the right loft, length, and weight. Such information may be hard to digest given the details you need to factor in. But with the ideal set not only for your skill, but also for your body weight, you can see an improvement with your game. Knowing these also saves you from purchasing luxurious but unnecessary drivers.

golf

If you’ve just begun having interest in golf and wishes to pursue playing the game in the long run, the first thing that may come to mind is the number of golf clubs you really need. As per the basic rules in golf, you’re only allowed to have 14 clubs in your set. When you see someone carrying 15 in his bag, it doesn’t mean he’s cheating. A ‘mulligan’ is usually brought by more advanced golfers who may expect to land themselves in the toughest of situations. If, however, your set consists of more than 14 clubs and you’re playing on a tour, you should be worried.

However, since you’ve only just begun, you’d most likely need a set with 12 golf clubs that includes a putter, 3 woods (1-driver, 3, 5), 1 hybrid, and 7 irons (4- to 9-iron and a pitching wedge).

To determine personal skill, you should know what your goal in playing exactly is. A casual golfer would only play once or twice a month, or even a couple times during summer seasons. If you think you belong in this category, you may reach a peak in your skill level and generally stay within that area. This means you should only buy cheaper clubs. On the contrary, if you plan on playing weekly or competing in the amateur or professional scene, there’s no need to limit your options.

As soon as using an expensive golf club, a beginner golfer tends to adjust his natural swing just so it would match that specific club. Different people are comfortable with different swings, and by using a club not particularly intended for your game, improvements may not be something you can look forward to. Additionally, there are factors like how fast the course is and the amount of traps of trees involved that you must consider before picking your clubs.

golf gameDetermining skill set and physical characteristics are important in club fitting to match you with the corresponding golf clubs. The length of a club is dependent on your height and the distance of your wrists to the floor while you’re wearing your golf shoes and your arms are extended downward.

Having more flexibility can mean farther drives, but this compromises your accuracy. For this reason, knowing the flex of the shafts of your clubs is vital to giving the right amount of distance and precision to your shots.

There is the option of going for professional customization, but know that this may cost a small fortune. Also, this may end you up in having a set of golf clubs where your woods, irons, and wedges are of different brands. To help you with club fitting, it’s best to attend sessions where a professional golfer can advise you on picking the ideal clubs based on computerized analysis and standardized charts.

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Today’s Funeral Services Options

All of us want a dignified and honorable funeral. In fact, many people nowadays pre-plan theirs. The availability of life plans enables people to save for the inevitable to all of us, which is death. By allocating a certain amount of money for their funeral, people can now plan their own funeral in advance by specifying what they want during that time. From flowers, food, to music, it can be done according to their wishes.

Businesses dealing with funeral services are now competitive and strive to give each client the best funeral rights to their deceased loved ones. The current trend is all about personalization or customization of services according to the wishes of the dead and their family. Although the service provider also has their own default programs and packages that the client can choose from, they also cater to the personal needs and wants of the client.

funeralFor the purpose of convenience, the funeral service provider may present the deceased’s family different packages that they can choose from. These packages vary in prices and services that come with them. They may include flower arrangements, outfit of the deceased, coffin, transportation and music and program preparations during the day of the burial. The venue may also be included if the family will not have the wake at their house. It may be put in a chapel or mortuary, depending on their choice. The role of the funeral services provider is quite similar to that of an event organizer because they perform and provide services according to the specifications of the client. And their main goal is to make the process convenient and successful until the end.

The service provider usually takes care of things until the burial is done. The typical package includes the transportation, coffin, and flower arrangements. Other services can also be provided if the family decides to leave it all to the service provider. Others, on the other hand, prefer to give their own personal touch to the process of handling their loved one’s wake and burial. They may choose to have the wake on their own amenities and just let the funeral home provide and replenish the flowers as needed. They can display photos and mementos of the dead in the wake, and hold a daily mass or prayer session for the soul. It all depends on the family customs, traditions and religion. The main role of the funeral services provider in this case is to stand-by and give assistance as needed. Food may be catered or personally prepared by the family.

As for the day of the burial, the preparations have to be done days in advance. The funeral home can arrange the program together with the family of the deceased in order to come up with the best ceremony. The relatives and friends can be notified of the details of the ceremony through announcements in newspaper, radio, television or local church if the deceased is a member. A special program or eulogy to honor the dead can also be offered in the cemetery. Family and friends can share memories and experiences with the deceased and offer the each sympathy and moral support through their words. Special music can also be arranged according to the liking of the immediate family or as specified by the deceased on his or her last wish.

The whole point of having funeral services provider is to assist the family every step of the way in dealing with their loved one’s wake and burial. Some people may be too grieved to plan the event, so the service provider’s default packages can be of great convenience. Death is inevitable but it doesn’t mean that we face it unprepared.

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Planning Your Event and Hiring Keynote Speakers

Keynote speakers can highly inspire and motivate your team. You will be pleased to know that there are a lot of excellent professional keynote speakers you can choose from to bring your next corporate event, meeting, training or seminar to a higher level. Choosing from the lot and picking out the best is a tough job, however. You need to consider that keynote speakers not only headline your event, they also manage small group breakouts and workshops. They make the program exciting and engaging individually and corporately.

There are many different kinds of professional keynote speakers. You should first consider the following: your event objectives, your audience, and your program. When you know what results you want to attain, you can identify which speaker you will hire and the role he will play in your event:

    Corporate speaker
    Inspirational speaker
    Motivational speaker
    Marketing speaker
    Trend expert

Your keynote speaker can motivate, educate, promote awareness, inform, fuel change, encourage positive action and performance, inspire growth or entertain your audience. Keynote speakers can propel attendees to greatness and success on different levels: personal, professional or organizational.

speaker

Here are some tips on how to plan an event and get the best speakers:

1.    When planning your event, you need to take different factors into consideration such as the time, day, budget, and venue. Once you have these concerns settled, you can look for the keynote speaker that can serve you in both your industry and the location you are holding your event.

Setting the time and date of your event will help you narrow your choices down to who is available for the said schedule. Your budget will also limit who you can afford to hire for your event. If you are hosting your event in the area where your chosen speaker resides, you will be able to save on travel expenses.

2.    Think about the kind of presentation you will offer: workshop, seminar, master class, inspirational morning event, after-dinner lecture, etc. If you are holding a morning event, your speaker should be enlivening, while most after-dinner talks need a speaker who can inject humor.

3.    Consider your target audience by studying demographic profiles so you can determine the kind of speaker who can best inspire or inform them. Are you targeting a general audience or a specific group? This will help you decide on the best speaker to hire.

4.    Do your research and ask professional referrals or recommendations from colleagues. You can check the speakers’ past successes especially if you have a similar audience.

5.    You need to make sure that the topics being covered aligns with the core decision makers’ or the company’s vision, mission and objectives.

6.    You can hire professional consultants to help you choose the best speaker for your event.

There is no certain rulebook when it comes to professional fees for speakers. They can request for any amount they feel their knowledge, expertise and time is worth. Some keynote speakers give seminars or talks for free. Most of these speakers are relatively new in the field and they don’t have much experience yet. Others do not charge professional fees when the speaking engagement gives their business the opportunity to make money, like when the audience will purchase books and other materials after the event.

Some speakers also do not charge speaker fees if the organizer will cover for travel and accommodation expenses. There are speakers who charge from $500 to $1,500, 1,500 – $5,000 or as much as $50,000 – $100,000.00 if they are top celebrities. You also need to keep in mind that if you will hire a speaker through a speaker’s bureau, you should expect to pay double or triple the fees. It is best if you can directly coordinate with the speaker.

Author Bio:
Your keynote speaker can motivate, educate, promote awareness, inform, fuel change, encourage positive action and performance, inspire growth or entertain your audience . Visit www.motivational-speaker-success.com for different kinds of professional keynote speakers.
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Long Island Foreclosure Attorney: Helping Homeowners Avoid Foreclosure

If you have defaulted on your mortgage payments and actual foreclosure has not happened yet, a number of alternatives to prevent foreclosure are available for you. You can either retain or lose your home. Discuss your situation with a Long Island foreclosure attorney to know what foreclosure prevention options could be best for you.

Repayment Plan 

If you have missed paying your mortgage because of a temporary hardship, you can negotiate with the mortgage company to let you repay back payments over a time period. You should be able to provide a Financial Statement to your lender, which shows that you are capable of making back payments.

Special Forbearance Plan 

In a mortgage process context, forbearance is an agreement between a borrower and lender to delay a foreclosure. Based on your financial situation, you may qualify for special forbearance plan if you have experienced an increase in everyday life expenses and a salary reduction. Information should be furnished to your lender, showing that you are capable of meeting the requirements of the plan that may be arranged for you.

Mortgage Refinance 

Long Island Foreclosure AttorneyMany borrowers are considering mortgage refinance for several reasons such as getting a lower monthly mortgage payment, preventing balloon payments and obtaining a cash out from a part of the home’s equity. Refinancing in foreclosure is different from normal refinancing. Basically, when you apply for a conventional or regular mortgage refinance, your lender will look at your mortgage payment history. You may qualify for a refinance if your loan is not more than ninety (90) days delinquent.

Mortgage Modification 

You may work with your lender to come up with a written agreement to change some of the terms of your mortgage loan. Typically, mortgage loan modifications involve one or more of the following:

  • Extension of the loan term;
  • Modification of the principal balance;
  • Change in loan type;
  • Reduction of late payment penalties;
  • Reduction in the loan’s interest rate.

However, many borrowers are having difficulties in applying for a mortgage modification. If you have no idea on how to deal with your lender, contact a Long Island foreclosure attorney. Your lawyer will help you understand the entire mortgage modification process and will present your application in the format desired by your lender to guarantee a fast process.

Pre-Foreclosure Sale 

Selling your property could be the best solution to avoid foreclosure if you think meeting repayments can be an enduring problem. With this option, you can sell your house for a value that is less than what you need to pay off your loan. You may qualify to initiate a pre-foreclosure sale if you meet the following conditions:

Your loan is at least two (2) months delinquent;

You are capable of selling your house within three (3) to five (5) months.

As possible, sell your property with the guidance of a Long Island foreclosure attorney. Beware of buyers who are taking advantage of a homeowner’s financial difficulty. Check with your lawyer before you engaged in any deal that involves your property.

Deed-In-Lieu of Foreclosure 

If you want to prevent foreclosure, you may consider deed-in-lieu of foreclosure as a last resort. Many homeowners are using this mechanism to save time and money that could be wasted if a formal foreclosure process will be undertaken. A deed-in-lieu is something like voluntarily giving back your home to the lender without harming your credit rating.

Consulting a Long Island foreclosure attorney may be helpful if you want a deed-in-lieu but you are confused with the application process. Prior to signing any contract or agreement, it would be best to ask an attorney to review the documents so you know what legal rights you are giving your lender following the completion of the deed transaction

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