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How Your Real Estate is Affected by Divorce
How Your Real Estate is Affected by Divorce Not every marriage is a match made in heaven, and some end in divorce or separation. But, do not worry, you are not alone with roughly 750,000 other divorces occurring each year. On top of everything, both parties need to address one generally dangerous territory: Real Estate. When a couple gets divorced, they have to figure out what to do with their assets. Divorces are rarely easy, and even fewer finish with no serious asset conflicts. Real estate is typically the largest shared asset in most couples, those going through divorce frequently ask: “What happens to real estate after a divorce?” How…
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FOR SALE: 9105 W Arabian St Boise, Idaho
9105 W Arabian St Boise, Idaho This stunning home built in 2015 has so much to offer. The main level features an open floor plan complete with durable engineered hardwood floors. The kitchen features a huge island, granite countertops and stainless steel appliances. The home has beautiful tall tray ceilings in the living room and primary bedroom. The living room and patio are wired for speakers. Patio is plumbed for gas and ready to hook up to your BBQ! Includes a water softener, central vac and dual zone A/C. The upstairs offers a large bonus room with endless options. The neighborhood pool is convenient and a very short walk from…
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Why Do Mortgage Interest Rates Really Matter?
Interest rates are at historical lows right now. People within the real estate industry are mentioning how it’s a great time to buy a home because of this. Everyone assumes low interest rates obviously save you money on your monthly payment and how much you pay in the long run, but do you know how significant it really is? I’m going to breakdown some examples on how much interest rates really affect your mortgage. I must first bring up the difference between interest rates and annual percentage rate (APR). The interest rate is the annual cost of a loan for a borrower. The APR the annual cost of a loan…
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What To Do During a Final Walkthrough
The final walkthrough is an important part of any home buying process. Let’s start by stating a final walkthrough is NOT a home inspection. It is however an opportunity for the buyer to see the house one last time before closing. It’s often done as close to the closing date as possible, preferably the day of. This gives the sellers as much time to get things packed and out of the house. Then the buyers are able to check the home and see if there is any new damage since the home inspection. Sometimes sellers don’t move out until the day of closing; rarely final walkthroughs can happen with the…
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What is a CMA in Real Estate?
Real estate agents often create a comparative market analysis (a.k.a CMA) to estimate the value of your home. This information is beneficial to sellers so they can price their home accurately and it allows buyers to feel comfortable with how much they’re paying for their home. Real estate agents create a CMA by looking at recently sold properties that are similar to your house (or, if you’re a home buyer, the one you want to make an offer on). Similarity is very important since it gets you the closest comparison to ensure you are making an informative financial decision. Things We Look For: Recently Sold: It’s important to make sure…
