Posts Tagged ‘Tracy CA Homes For Sale’

Title Insurance and You: Do You Need to Pay for It?

Monday, March 14th, 2011

Many people who don’t completely understand the what title insurance actually is might question this item when the closing costs are added up. It is, however, a very important thing to have. As the name implies, the function of this kind of insurance is to ensure the integrity of the title to your home at the time its title legally passes to you as the buyer. Title insurance is designed to protect you in case there are problems or unknown legal complications tied to the title on the property which were caused by the actions or failures of previous owners.

In other words, title insurance ensures that that your ownership rights to your home are protected from any kind of liability arising time before you bought. This is an insurance policy which insures the “before” period of home ownership, unlike ordinary homeowner policies, which cover the “after” period.

After you complete the purchase of your home, if it were to come to light that there had been a tax or mechanic’s lien on it, title insurance would keep you from a disastrous financial loss from the circumstance.

It is all too common that someone will purchase a property and then discover that it has an encumbrance against it because of something that happened with a previous owner. You surely do not want to find yourself coping with such a situation without having the security of a good title insurance policy. Uninsured, you would have been exposed to a financial liability, which could amount to anything from a petty annoyance up to a big debt leading to loss of the property.

Title insurance covers homeowners against any disputes that come up from situations related to the title of your home before you purchased it. For example, if you buy a home that was sold to you in as part of a scam or swindle with illegal documents, the title insurance policy would cover you against any loss you might incur as a result. If any disputes were to arise regarding the chain of ownership of the property you have just bought, your title insurance policy would give you the coverage you need in that situation.

What Title Insurance Is Not

It is not protection against things you might do to jeopardize your ownership. It is strictly limited to ensuring that you have a clear title to the home at the time that title transfers. If you fail to pay the property taxes and a lien is filed, you will still have to take settle the debt yourself. Title insurance will not give you any protection that.

As one last reminder, title insurance does not cover anything related to the belongings or the structure of the property. You also need to take positive steps to insure your home against perils such as fire, theft, and natural disasters with a good homeowners policy. When you purchase your home, both title insurance and homeowners insurance provide different kinds of coverage, and you most certainly must have both of them.

If you have a need to look into Broomfield CO real estate for sale, it’s easy to Search for Colorado Homes at AutomatedHomefinder.com.

who pays for title insurance

Crafts For Winter – Indoor Activities For Kids

Thursday, December 9th, 2010

Winter brings rain and gloomy days, but that doesn’t mean you and your family can’t still have fun! You just have to take it indoors.

Here are some fun and easy winter crafts for kids and adults alike.

3-D Artwork
Art meets science in this fun indoor activity.

What You’ll Need:
Card stock
Rimmed baking sheet
White glue
Salt
Colored water (see tip below)
Eyedropper

Instructions:
1. Place the card stock on the baking sheet and use the glue to draw a design on the paper.

2. Sprinkle salt on the wet glue until it’s completely covered; tap off any excess.

3. Using the eyedropper, drip one drop at a time of the colored water onto the salt.

As the salt absorbs the colored water, the liquid will move along the lines created by the glue, resulting in a color piece of art. Be sure to watch what happens when the colors reach intersecting lines.

Colored Water Tip: Use 5 drops of neon food coloring per 1 tablespoon of water.

[source]

Homemade Snow Dough
This sparkling white play dough will surely brighten up your winter days.

What You’ll Need:
1 Cup Flour
1 Cut Water
1/2 Cup Salt
1 Tablespoon Vegetable Oil
1/2 Teaspoon Cream of Tartar
2 Tablespoons White Tempera Paint
1 Tablespoon White or Iridescent Glitter
A Few Drops of Peppermint Extract (optional)

Instructions:
1. Combine all the ingredients except the peppermint extract (if you’re using it) in a medium-sized pot and cook over medium heat.

2. Stir constantly until the mixture holds together, about 5 minutes. Remove pot from hot stove.

3. Place the pay dough on wax paper to cool, about 15 minutes. If you’re using peppermint extract, gently knead it into the dough.

You may store the cooled dough in ziplock back in the refrigerator for up to two weeks.

When it comes time to play with the dough, there are a variety of useful props:
Dried Beans
Small Twigs
Tiny Carrot Sticks
Cupcake Wrappers
Colorful Beads
Paper Drink umbrellas
Egg Carton Cups
Snowflake Cookie Cutters

[source]

Snowman Thermometer
When the weather outside is frightful, make a thermometer so delightful!

What You’ll Need:
1 Jumbo Craft Stick
White Acrylic Paint
White and Red Glitter Glue
2″ Piece of White Chenille Stem
2 Medium Blue Pom-Pom Puffs
Wax Paper
½ Orange Toothpick
1 Blue Toothpick (colored toothpicks are not required, plain will work)
Scrap of Material For Scarf
Scrap of White Paper For Sign
Black Marker
White Craft Glue
Glue Stick
Scissors

Instructions:
1. Cover your working area with a piece of wax paper and paint the jumbo craft stick white; allow to dry and repeat if needed.

2. Create the snowman’s face using the black marker to draw eyes, eyebrows, and a mouth. Glue the orange toothpick piece between the eyes and the mouth to make the nose.

3. Glue the blue toothpick to the back of the craft stick, about 2.5” down from the top, leaving about 2/3 of the toothpick visible.

4. Cut a piece of white paper, about 2” x 3” and fold in half. On one half, write “BRRR!” with the black marker. Line the inside of the cut paper with using the glue stick and fold it around the blue toothpick to create the sign.

5. Glue a piece of scrap material around the neck area to create a scarf.

6. Bend the white chenille stem so that it is rounded and fits around the top of the craft stick; this will the headband of the snowman’s ear muffs. Glue in place.

7. Trim a little off the side of a pom-pom puff, making one side flatter. Glue the flat side of the puff to the craft stick where the chenille stem ends. Repeat on the other side.

8. Starting at the bottom of the craft stick, use the red glitter glue to make a “ball” of mercury, then draw a line halfway up the stick.

9. Use the white glitter glue and continue up the craft stick until you reach the scarf. Allow several hours to dry completely.

10. Using a fine tip black marker, add numbers and temperature marks to your thermometer; be sure to include the Fahrenheit and Celcius symbols (F and C).

Hint: Start your number 0 where the red and white meet, then fill in remaining numbers from there.

[source]

winter crafts for kids

FOR SALE: Over 5 Acres in Valley Springs, CA

Friday, July 23rd, 2010

If you like what you see, call today for a viewing appointment! Helen Coppage (209) 640-8708.

This gorgeous spacious home sits on over 5 acres of land, complete w/ a pond & stream.

Main home is 3,341 sq. ft. w/ 1,200 sq. ft. fully finished carpeted bonus room above garage, and 350 sq. ft. attic storage.

Includes beautiful Master Suite with double doors, separate sleeping area & sliding door to outside.

Large open kitchen is a cooker’s delight, w/ built-in fridge, center island, double oven, pantry closet and more!

Words don’t do this home justice – it truly is a MUST SEE!!

Acerage For Sale in Valley Springs CA 9888 Questo Road

If you like what you see, call today for a viewing appointment! Helen Coppage (209) 640-8708.

Traps To Watch Out For When You Sell A Home

Wednesday, June 30th, 2010

Putting a home up for sale can turn out to be a wrenching experience. Although it matter how ready you might be to move on, it still means giving up a part of your history. Selling is even harder if it is prompted by difficult or even tragic circumstances, such as the death of a spouse, the loss of a job, or any kind of shift in financial circumstances.

This article covers common mistakes that that are made by people who want to sell and, more importantly, how to avoid being trapped by them.

Asking Too High a Price

Often it seems that sellers think that they should start out asking for the highest price in the realm of possibility. If it doesn’t sell right away, after all, they can always lower the price by a little, right? Not right. Although it’s true that opening prices can always be lowered, by the time that happens, the house has gotten “old.” People who dismissed your home as being too expensive or above their range as they studied the new listings won’t easily find out so they can come back and give your property a second look now that the listed price has been reduced. Start off by asking a fair price, and you’re likely to sell much faster and without a lot of bother. Considering the value of your time and the monetary and personal expense of holding the home on the market, most likely the right price differential could make months of difference in the time on the market before the transaction is successfully concluded.

Not Being Thorough With Disclosures

Laws in every state require you to disclose any material facts and flaws that pertain to your home. Most Realtors agree that it is safer to disclose too much about flaws and material facts than too little. It can be a problem if the buyer becomes aware of flaws or facts that you knew about, they could cancel the transaction or even take you to court.

Not Keeping the Home “Visitor Ready”

It is essential when you want to sell a home that it has to always look clean, comfortable, and welcoming. You can never tell when a Realtor will call and say they’re around the corner with a client who is ready to view the home. The home has to highlight the prospective buyers’ highest self-image, the way they like to think of themselves living a simple, carefree life. It could ruin your chances if a prospective buyer should walk in on two weeks’ worth of dirty laundry, a dirty bathroom sink, or a messy, cluttered house that looks more appropriate for a garage sale than for the relaxed, uncomplicated everyday life that needs to be the ideal.

Not Completing Your Agreements

When you enter into the contract, you may agree as part of the contract to do a few things, such as do something to fix up the outside of the home or make needed repairs. Be sure to complete whatever you agreed to do before the closing date, or the buyer could walk away from the deal.

Having Restricted Hours

When it finally happens that a prospective buyer wants to view the home, they want to be there now, or very quickly. Making a buyer wait even 24 hours may well keep them from wanting to see your place at all, or lead to them finding another one that they like better. Since the real estate agent will not want you present while the home is being shown, it’s a good idea to have your own list of places you can go or things you can do on short notice. This could be a neighbor’s home, the library, a movie theater, grocery store, etc.

Avoiding these home seller mistakes will increase the chances that your home will sell successfully and easily.

This information was provided by Automated Homefinder, Colorado’s Longmont real estate specialists.

traps when selling

Do Housing Prices Have Further to Fall?

Monday, June 21st, 2010

Author: Ryan Moeller

In many areas market stability has not been restored. High inventory, high unemployment and high home prices will lead to further declines in home values. However, we are very close to hitting bottom and in many markets we already have. Remember, real estate is regional and you have to research not the entire country but down to the zip code, neighborhood, street and specific property. The article below sheds some light on Obama’s efforts and home values, a very interesting read. For more information, check out our Market Stability Report for info on your market and our Guide on Where to Invest.

Despite Obama’s Best Efforts, Housing Prices Have Further to Fall, Says Glenn Tongue

Posted Mar 10, 2010 01:23pm EST by Peter Gorenstein

What a difference a year makes. This times last year, the Federal Reserve, Treasury Department and White House were scrambling to do whatever they could to prevent home prices from falling off a cliff and thereby dragging the banking system down with it.

Now the Obama administration is set to launch a program on April 5 to encourage short sales. The plan will give homeowners and banks money if they sell the house for less than the mortgage is worth. The homeowner gets $1,500 to leave the house quickly and the bank gets $1,000 for going through with the transaction.

Time will tell whether or not it will be more successful than the struggling $75 billion mortgage modification program. Regardless there are still fundamentals in the marketplace the government can’t solve. “The inventory is too high, prices are slightly too high and unemployment is really quite high,” say Glenn Tongue, Managing Partner of T2 Partners and co-author of More Mortgage Meltdown.

Tongue tells Aaron, in the accompanying clip, home prices still have another 5-10% to drop before hitting bottom. And, though he admits “a year ago the situation was a lot worse” he’s still wary of investing in housing and financial stocks related to housing. In fact, his hedge fund is still shorting several companies in that business, though he would not name names, citing compliance rules.

Unlike last year, Tongue no longer finds the big banks attractive and instead focused on only a few specialty financial companies including Fairfax Financial and Resource America.

Real Return Real Estate™ for years has bought property at extreme discounts, sells and rents with tremendous cash flow. We also provide FREE tips, articles, guides and Educational Webinars. Visit our site http://www.realreturnrealestate.com for all the helpful resources.

[Article Source]

housing prices falling

Have Homebuilders Lost Confidence In The Recovery?

Tuesday, June 15th, 2010

According to the National Association of Home Builders, its housing market index fell to 17 in the month of June, dropping five points after two straight months of increases; the lowest level since March.

From The Associated Press:

Builders had been more optimistic earlier in the year when buyers could take advantage of tax credits of up to $8,000. Those incentives expired on April 30, although buyers with signed contracts have until June 30 to complete their purchases.

Experts anticipate home sales will slow in the second half of this year. In addition, high unemployment and tight mortgage lending continue to keep many buyers on the sidelines.

The drop in activity is “a wake-up call to the fact that the market will struggle to stand on its own two feet without the tax credit,” wrote Paul Dales, an economist with Capital Economics. “The double-dip in both activity and prices that we have been expecting for some time appears to have begun.”

New homes sales made up about 7 percent of the housing market last year. That’s down from about 15 percent before the bust.

It’s also bad news for the economy. Each new home built creates the equivalent of three jobs for a year and generates about $90,000 in taxes paid to local and federal authorities, according to the National Association of Home Builders. The impact is felt across multiple industries, from makers of faucets and dishwashers to lumber yards.

Full Article : Homebuilders less confident in recovery

homebuilders lose confidence in recovery

Consider Building A Wine Cellar In Your Basement

Wednesday, June 2nd, 2010
Author: clavinee

Building a wine cellar in your house will surely enhance the beauty of your home. Also, the wine cellar boosts the market value of your home. Whenever you feel like drinking your finest wine, it would be a great place in your home to enjoy it. If you’re a wine lover, this would be a perfect addition in your house.

Though it is not an easy project, creating a wine cellar will definitely add beauty to your home. Here are some things that you should think about as you decide to build a wine cellar.

· Plan carefully. It is crucial to consider your spending budget for building the wine cellar. You should also think of the right design and combination to make it really attractive.

· Put together all building materials. You will need to pick the necessary materials for building the cellar. Preparing the right materials needed in building the wine cellar will allow you to be able to easily work.

· Install ventilation. The place should have proper ventilation to make the place really comfortable. You may install an air conditioning unit to ensure that things will be good and convenient. Installing proper air flow in the cellar is needed as it is located in the basement. Without the right ventilation, you will have so much heat in the place.

· Install the right plastic protection. The wine bottles need protection too. Putting on the right plastic protection will shield the wine bottle just in case it falls on the floor. The protection of the wine beverages is very important in securing what you have invested.

· Install proper flooring. One thing that also contributes beauty to the wine cellar is the flooring. It is important that you install the right flooring in creating a fine wine cellar. You may want to use tiles to make the place look pretty much better. Moisture resistant flooring will help the wines to be protected.

· Install wine racks. Depending on the quantity of your racks, installing the right wine rack in the cellar is necessary. Wine bottles have various sizes and shapes, so you need to install the right wine racks. There are different sizes of the wine racks that you can choose from and installing the right size will allow you to properly arrange and organize your stock of wines.

Obviously, what is a wine cellar without wines? When the wine cellar is completed it time for you to put the wines. Understanding the capacity of your storage place will give you the right number of wines that you will stock. The wines are important elements of the wine cellar.

Building a wine cellar in your basement is not an easy task, but it is a good project that you should take. With the right spending budget and proper planning you can build a nice wine cellar in your basement. Having a nice space to stock your wines is not only pleasurable for home owners, but also a great addition as it boost the value of your home.

Laveen View Homes for Sale highlight the area’s splendor. Laveen Waterfront Property lets you enjoy the view. Laveen Homes with Pools make a splash.

how to build basement wine cellar

Appraised Value: The Ups & Downs Of How Much A House Is Worth

Monday, April 26th, 2010

Appraised Value: The Ups & Downs Of How Much A House Is Worth

Author: Trent

Determining Fair Market Value is an eternal struggle and major balancing act. That’s because buyers want a house to appraise on the low side—to keep the purchase price down. While sellers want the same house to appraise on the high side—to make the sale price higher. And then you’ve got the owners of the house—who also want the appraisal to be on the low side, in order to keep the property taxes down.

So with all these different agendas and points of view, how is the fair market value of a real estate property actually determined?

Once a year, your county sends all area homeowners official notices that put a dollar value on their property. And property taxes are based on those dollar values. But before those notices get sent out, a long, detailed process usually takes place. First, the land is valued as if it’s vacant—an empty lot, in other words. Then any improvements are described and measured. Improvements consist of the house and any other structures, pools, sheds, garages, and so forth. Next, most counties check the Marshall Valuation Service Cost Guide. It’s a standardized nationwide guide for determining the value of the cost per square foot to build a building that fits the description of the improved property. Next, if the house isn’t brand new, the replacement cost is considered, as well as depreciation; the year the house was constructed and the condition of the property are factors here. Appraisers then must take the critical step of comparing the value of the house with recent selling prices of similar homes in the neighborhood. At this point, the appraisal might stand “as is”—or it might be adjusted upward or downward.

Market Value is a theory, in other words—not an unchanging fact.

In a perfect world, you have to have willing buyer and a willing seller. Neither is under duress. Both are in a position to maximize gain and are trying to do this. But in the real world, things are rarely that simple and equally balanced. Which is why people feel differently about the appraisal value of a house. It really depends how strong their position is as a buyer or seller.

Does the local economy come into it at all? You bet it does.

Ask a successful Realtor about that! He or she will tell you they’ve noticed that the fast-growing economird are attracting people from other areas who consider real estate here a bargain. That helps fuel increases in property values.

How about your schoold district, the look of other houses near you, and walkability? Yes to all. Understand you houses pluses to different buyers and make sure you let everyone know about them.

So—now you know where that Grand Total comes from.

You’re armed with the information you need to make a better house-buying decision. For instance, you can understand how two virtually identical houses that are in two different neighborhoods could be very far apart in price and appraised value. And why your choice of the right house in the right neighborhood could be worth a not-so-small fortune to you right now—and years down the road.

If You’re Buying a Home in Foreclosure, Watch out for These Situations

Monday, April 12th, 2010

With so many homes in foreclosure, people with some money available are jumping at the chance to get a great house at an unbelievable bargain. In many cases, this is the perfect way to buy that perfect home. Surprisingly, though, it may not always be the best financial decision. Following is a list of five pitfalls you may run into when considering the decision to buy a home that is being foreclosed.

Different Contract Procedure

If you buy a home that has been foreclosed, you’re dealing with a risk situation. Foreclosed homes are typically sold in “as is” condition. If you’ve ever bought a car with that stipulation, you have experienced how careful you need to be. With a property that has been foreclosed, you don’t get the advantage of the customary safeguards and buyer protective contract provisions that provide you with something to rely on if anything goes wrong.

Tenants Staying in the Property

Although it does not happen very frequently, there is a possibility that the previous owners of the house could return and claim the house. Sometimes, they may even refuse to vacate the home in the first place. The law will be your ally, but it can be a distasteful experience for you.

Condition of the Property

A foreclosed home can be a home in poor condition. If the prior owner had financial difficulties and was unable to make repairs, some serious repair work could end up being your responsibility. Defects can be hidden until too late to do anything about them, and they can be serious. It’s a good recommendation to get a home inspection carried out by a professional home inspector before you buy, so there aren’t any undue surprises later.

Lien Problems

You have to consider that although you may be seeing what seems to be a great deal on the property, unpaid tax bills and other problem situations such as old unpaid debts for things such as association fees or repairs or remodeling done a long time ago on the property, could push that price up and make it equivalent to a non-foreclosure home. You may be required to pay any taxes or liens that the previous owners left behind. In that case, your risk is greater without even getting the peace of mind that is associated with a traditional home purchase.

The Home Could Be up for Auction

Often, a foreclosed property is auctioned off to the highest bidder. It can disappear after you have set your sights on it. In order to buy at an auction you must have proof of financing along with 10 percent down on the spot. This can be disheartening for someone who isn’t prepared to shell out the amount of cash that is needed all at one time.

Buying a home in foreclosure, as a reminder in closing, can still be a good deal despite the problems. You can eliminate some of these traps by simply doing some investigating before jumping into the purchase of a foreclosure. A licensed Realtor can also help you make the best decision.

When you want to find real estate in Louisville, use the premier Colorado real estate specialists, AutomatedHomefinder.com.

Will A 5-Day Delivery Schedule Save The U.S. Postal Service?

Tuesday, March 30th, 2010

According to the U.S. Postal Service, they will lose $23 billion a year for the next ten years if something doesn’t happen right away.

Since its inception 235 years ago, the USPS has not only delivered the mail, but profits as well. Not so much anymore; in 2008 the USPS agency began to lose money for the first time in their history.

By the end of this fiscal year, the U.S. Postal Service will have lost an additional $7 billion, and will owe the U.S. Government $13.8 billion. By the year 2020, the USPS will have lost an astonishing 238 billion dollars.

But the Postal Service has a plan to save itself – a plan that cost them $5 billion to develop.

The plan, believe it or not, is to simply stop delivering mail on Saturdays.

The U.S. Postal Service says that by delivering mail only five days a week, they will save an estimated $3.5 billion a year. The Postal Regulatory Commission however thinks the savings will be more like $1.9 billion. But either way, the money saved isn’t nearly the amount the agency is projected to lose.

The PRC will likely take six to nine months to crunch the numbers. If it approves the plan, the issue goes to Congress, which has been circling the growing fiscal crisis of the post office for nine years now, ever since the Government Accountability Office placed it on a “high-risk list.” For the last several years, Postmaster General John Potter, who makes $845,000 a year and has struggled to bring the agency into the 21st century in his nine years on the job, has asked Congress for a number of fiscal fixes. In 2003, Congress reduced the Postal Service’s pension costs by about $9 billion. In 2006, it relieved the agency of $27 billion in pension obligations to employees with military service. And last year, Congress cut the agency’s annual retiree health benefits by $4 billion. With each fix came a promise of “fiscal solvency” from Potter, so to say that Congress is losing patience with the Postal Service is an understatement. Even if the House and Senate do pass the plan to cut Saturday delivery, it’ll be a miracle if that happens before the plan is set to go into effect in 2011. In the meantime, the Postal Service will just keep losing money and probably raising postage rates, which it has done eight times since 1999.

Full Article Lost in the Mail By Matthew Philips, Newsweek

So what do you think? Will a 5-day delivery schedule save the day?


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