Rent Or Buy Your Home The First Question

Rent or Buy Your Home The First Question

by

Michael Roche

For most families there is only one answer!

[youtube]http://www.youtube.com/watch?v=pOO1rT-dfmA[/youtube]

The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Decorating and pets may be issues as well. The primary disadvantage to renting is that the landlord can force you to move once your lease has expired. Then there is the realization that your rent is making your landlords mortgage payment not yours. Owning a home is big responsibility but given the freedom, stability and security of owning your own home, it is worth it. It is also an investment. When you make a mortgage payment, you are building equity. Although most of your mortgage payment will be going toward interest and other components of the mortgage such as taxes and homeowners insurance, the standard fixed interest rate loan is amortized over the life of the loan. Amortized – means that your monthly payment includes enough money is contributed to the principal balance to pay off the loan at the end of the term. A 30 year fixed loan is paid off in 30 years. This might seem like a very long time but if your home appreciates, it can be surprising how much equity can occur in just a few years. Owning a home also qualifies you for tax breaks that reduce the effective cost of your mortgage. Your mortgage payment is mostly comprised of interest and real estate taxes. Both are deductible on federal and state taxes (primary residence only). This can represent a huge tax savings. So you say thats great at tax time but it doesnt help me make the monthly payment. Actually it can. If you are a salaried employee, IRS does not require that any more is deducted from your paycheck than you actually owe. You can increase your number of exemptions to reduce the tax deducted and increase your take home pay. Effectively you can use the IRS withholding calculator to help you determine the number of exemptions you can claim. http://www.irs.gov/individuals/page/0,,id=14806,00.html. You may not want to do this every year but it can help with payment shock during the first few years. But be careful; you should always consult an accountant prior to changing your W-4 exemptions. Is buying a home a safe investment? The short answer is NO. The downturn in the real estate market during the past several years has taught us that. Are there any safe investments that offer a substantial return? Over the long haul real estate may be the safest bet you can make. There are many factors that determine property value. Inflation, supply and demand are the primary factors. It is very improbable that we will ever see zero inflation. If a home builder has to pay more for materials, he must sell the home for a higher price or stop building. We keep making more people but be cant make any more land so when demand is greater than supply appreciation occurs. This an over-simplification and does not factor economic considerations but over time it is probable that well located real estate in growing communities will show substantial increase in value. Have you considered buying a home but find the thought of committing to a real estate agent, divulging your personal information to a mortgage lender and making one of the monumental commitments of your life a frightening prospect. So does every first time home buyer. For most of us, it isnt easy to get ahead in life but if you buy a home and dont make any serious mistakes along the way, you will be amply rewarded in your retirement years.

Michael Roche, the author of this article has assisted home buyers and real estate investors by providing the information necessary to make informed buying and selling decisions for over 30 years. If you have questions or need real estate or mortgage advice please visit Free Mortgage & Loan Resources at www.onlinemortgageresources.com. Complete the Contact Us form or email mikeroche01@gmail.com.

Article Source:

ArticleRich.com

How To Find The Best Collision Repair Services In Newport News Va

Click Here For More Specific Information On:

byAlma Abell

If a vehicle is damaged in an auto accident, the owner should rely on a collision repair professional. Body shops employ skilled technicians who have the equipment and experience necessary to fix any type of collision damage. Finding the right shop for the owner’s needs is important, and owners should explore various methods of finding the right Collision Restoration Services Newport News VA.

Ways to Find the Best in Collision Repair

There are three basic ways to locate a collision repair facility in Newport News: ask friends and family, get references from the dealer who sold the car, or looking online. Regardless of the method an owner uses, they should always check with the BBB to ensure that the facility has good reviews.

  • Researching shops suggested by friends and family may be the best choice. Positive references are a good way to find a quality shop, and they indicate that the shop offers reliable work at a good price. When a friend or relative is satisfied with the service they’ve received from a collision repair facility, they’ll be more than happy to recommend them.
  • Getting a reference from a dealer or a mechanic is another likely route. If the dealer cannot fix the damage, they can refer the owner to someone who can. Most auto mechanics can fix the mechanical issues that are present in a vehicle, but after an accident, owners need specialized collision repair.
  • Checking online sources can be time-consuming, but it is very thorough. When looking online for collision repair shops, the owner should assemble a list of shops, services and prices. After considering various factors, the owner should choose the shop that can provide them with the ideal combination of quality service and affordable prices.

Bruce’s Super Body Shops only hires professionals that have the necessary tools and experience to find, diagnose and repair any damage sustained in an auto accident. There are multiple methods of locating quality Collision Restoration Services Newport News VA, and the owner should always give consideration to price and quality of service when looking for a shop that can meet their needs.

How Do Mediums Work Mediumship Through The Ages

By Rachels Saxon

Though we live in a modern and enlightened age, the subject of death remains taboo. Death both fascinates and frightens us. We come into this world knowing that one day we will die, whilst actually knowing nothing about death and the process which takes place following death. Mediums are the modern day story tellers of the after life but may fear mediums and mediumship itself.

Is death really the end? Or is it a natural transition where we return to the place, our essence or spirit came from. Is our physical shell simply that, a clothing of sorts for our spirit and soul vehicle? The modern day words and rituals convey deep misunderstanding due to the style of finality we adopt when someone dies. Words like, ‘at rest’, convey the thought train that the end of that life does indeed signal the end.

But what if it is simply part of an age old cycle of birth, life, death, and that the spirit essence continues for all eternity whether incarnated on the earth plane or not. So the reality is that we do not know deep down inside that we do not die as we haven’t yet had that experience. In exploring these questions we must keep an open mind. Minds like parachutes work best when open.

[youtube]http://www.youtube.com/watch?v=s7Qe4E4exAw[/youtube]

Simply asserting that life after death and communication from the other side are not possible or cannot exists as they cannot be scientifically proven is the critics’ weakest response to the unexplained phenomena. Spiritualism which grew from 1848, has suffered its share of rogue practitioners, with a lot of damage caused between 1848 to late 1920 when mediumship became all the rage in America and Europe. Genuine mediums and serious students were eclipsed by the public’s imagination by the more spectacular, bizarre and lurid occurrences attributed to other wordly entities.

We should judge the unexplained using criteria and seeking results that are fair, reasonable and appropriate. We should examine what is seen as proof of soul survival. Like it or not we live in a world that we do not and may never fully understand. A psychic medium is someone who can communicate with the minds of the departed. This is either due to being born with that ability or taking a path of development in life, perhaps sitting in a development circle or some other arena. A medium acts as a receiver for the spirits to communicate through at an energy frequency most of us are not able to grasp.

If you would like to experience mediumship then the best way to do that is to try a medium reading. For ease and convenience you could try a phone medium reading. I do prefer people to start at this point and then use this as a starting point to understanding what they are, what their essence is and what will happen to them for the whole that is eternity. There is not need to panic that life is ending once the physical dies and this knowledge which I class as the absolute truth can liberate ones soul.

About the Author: Rachel Saxon writes for the metaphysical industry and is a Reiki Master. Highly Recommended

Psychics

Also

Mediums

And

Tarot Reading

Source:

isnare.com

Permanent Link:

isnare.com/?aid=551898&ca=Society

I Hate My Boss. What Do I Do?

By Nik Lemmens

If you wake up smiling everyday, eager to get to work, then count yourself lucky! With long commutes, tight deadlines, and annoying co-workers, it seems that there is always something to complain about and make you dread your daily trek into the office. But if you find yourself in the position of hating your boss, what should you do about it?

How did the situation arise?

Getting stuck with a ‘bad boss’ can be as easy as having your nice boss leave and management replace him with someone else, or perhaps you are the one who has moved into a new promotion and it is your new superior who is causing problems for you. There may just have been something that went wrong and altered the relationship you had with your boss. However you got yourself in this situation, you need to figure out what to do about it.

What type of boss do you have?

First of all, you need to understand what you are dealing with, in terms of your boss’s bad characteristics.

The Smooth Talker

This manipulative boss will be more concerned about themselves, rather than the business and will lie his way to success. They will always blame others for failure, but take all the credit when something goes well.

The Workaholic

This hard-working boss will set unrealistic deadlines, assign weekend travel, and call you at home for updates. They never offer recognition or reward for your hard work, but simply demand more.

[youtube]http://www.youtube.com/watch?v=zUWJ33ZWrFM[/youtube]

The Arrogant Steamroller

This patronizing boss uses intimidation, sarcasm, and fear as their key motivators. They will make decisions without consulting others and feel that they are always right.

The Incompetent Drone

This useless boss always seems to make stupid choices, but as they never rock the boat, they are safe in their position.

Who really has the problem?

Now, stop and think for a second. Is this really an accurate portrayal of your boss? Has anyone else in the office complained about him round the water cooler, or gone to Human Resources with an official complaint? If it is common knowledge that they are not fulfilling their role of boss in the best possible way, then you may have the right to be upset and expect something to be done about it; however, if nobody else feels that there is a situation that needs addressing, it might be time to take a look at your own personal situation. Is it something at work that is upsetting you and should be dealt with or is something going on in your personal life, such as moving house, problems with your spouse, or a baby on the way? If you think some time off would help you resolve what is causing the issue, request some leave.

What can you do? / What are your options?

File a report

Depending on your company, running off to HR may not have the desired effect, especially if nobody else has voiced any displeasure at your boss’s management style. However, if you are feeling sexually harassed or physically threatened then you should definitely report it as soon as possible.

Quit your job

Obviously this should be the last resort, but if you feel that the situation is not able to be resolved, it may be the best decision. Don’t quit before you have lined up another job and try to leave on good terms as you are bound to want good references to help with your job search.

Deal with it

Find a way to handle the situation and make your life at work more manageable, but this is easier said than done!

How can you cope?

If you are determined to stand your ground and not be driven out of your position or the company where you work, try these ways of dealing with your problem boss:

Communicate like them

learn their styles and methods of communication and imitate them. If your boss prefers formal memos or informal emails, do the same as them.

Be understanding

observe your boss’s pet peeves and make sure not to push their buttons.

Copy your colleagues

scrutinize those who are chosen for promotion and try to be more like them.

Document bad behaviour

detail any offensive comments, outbursts, etc. in case you do decide to file a complaint.

Having to deal with a difficult boss makes the workday drag on forever. It can be a chore to get up and go into the office and, in extreme cases, can lead to resignation. If you have a boss you can’t stand, before handing in your walking papers, take a look at the situation to figure out what is causing your frustration and anger. If it is really your boss who is at fault, try to deal with it before quitting your job.

About the Author: Career Journey uses a unique approach designed to understand your needs and wants in life and develops an actionable plan to achieve your desired career. Click here for more information on

Career Coaching

Source:

isnare.com

Permanent Link:

isnare.com/?aid=839812&ca=Business+Management

Tips On Buying A Used Dodge Journey

Tips on Buying a Used Dodge Journey

by

Patrick Gauer

Used pick-ups and vans are harder to sell than small vehicles, which is why dealers come up with extra tricks to succeed in large vehicle sales. If you are planning to get a used reputable large vehicle model, such as the Dodge Journey, it is best that you research about its price and rebates before approaching a car dealership.

[youtube]http://www.youtube.com/watch?v=o1v8Kg64tH0[/youtube]

Most car dealerships post their inventory online, so you can take note of the dealerships near your area and jot down their vehicle prices. Don’t forget to write down when a vehicle was first purchased, as well as the year it was brought to the dealership. Do not consider any model that has been used for more than three years. Bring your list of prices when you do dealership hopping. This will make the bargaining process easier. It is best that you purchase a model that is less than three years old due to the rebate that you may still get. The rebate refers to the cash that manufacturers give to attract customers to buy slow-selling vehicles. If you purchase a slow-selling vehicle, you are entitled to receive this rebate. This rebate usually expires after three years, so you should remind your dealer about it. The only way to know the amount of rebate you are entitled to is to contact the car manufacturer. Aside from researching about dodge journey ajax

prices and rebates, you should also gather information about car financing. Inquire about car financing in local banks and present these to the dealership. Ask your dealer to match the car financing that banks provide. This is the technique behind lowering interest rates given by dealerships.

Do not give the pleasure of buying a used Dodge journey on the first visit to a durham auto sales

shop. Delay your purchasing for a little bit by doing more than two test drives. This delay will convince the auto salesperson to lower the price even more. And, it will ensure that the used vehicle you are getting is perfect for you.

Finally, the best time to buy a used dodge journey ajax

from a dealership is during the last day of the month. This is the time when auto salespersons are desperate to reach their quota. If you have to get your vehicle immediately, do so during a midweek morning. Midweek mornings are slow, which convinces salespersons to lower their prices.

Learn more at www.AutoPlanetUsedCars.com.

Article Source:

ArticleRich.com

Your Classic Corvette And Stingray Sourcing Parts At Fair Pricing

By Terry Z. Voster

With any classic vehicle finding a source of auto repair parts can be a major concern. So it is with classic Chevrolet Corvette as well as Chevrolet Stingray autos.

Corvettes have always had distinctive wheel covers and are a refreshing change from slotted mag wheels. The wood steering wheels add a rich touch if you are lucky to ever find one.

Interest has been spread into the 1968 and later models, especially car equipped with the lift out roof panels. In these cars, the excellent General Motors (G.M.) Turbo Hydra-matic transmission was the desired feature. Indeed one of the most valuable vehicle of this group has been the 1970 LT-1 350. Chevrolet itself had offered some good gymkhana suspension parts for this group of cars that are relatively inexpensive and greatly improve handling qualities.

Where can you find used parts for your classic Corvette? First of course are local swap meet and car clubs in your area. If you can shop close to home better be it.

[youtube]http://www.youtube.com/watch?v=ivaxujzHSwA[/youtube]

You actually hold and fondle the part, inspecting it yourself. Why have to arrange and pay shipping charges. As well you may make valuable contacts for your Corvette restoration projects. Often one local contact will lead to another good source for parts as well as classic car restoration expertise.

Next on the list are magazines – such as – Corvette Enthusiast, Vette and Corvette Fever. It might be said that Corvette websites on the internet might be next on your list. However the actual magazines may provide a source for you first. Why not whittle down your Corvette resource list first rather than searching through the websites that may or may not have stock and be of the stature they claim. Websites can be made and put up easily. Magazines articles usually have current sourced lists; will place the vendors in some ranking. If there are ads – those ads have to paid for – which is an indication of the solvency and current resources of the firms involved. As well you may get additional good tips form the articles in the magazine. Classic car magazines such as Hemmings are also very useful.

Next for resources are actual websites devoted to this passion. The sites can be Corvette specific – such as vetteweb, the general motors website itself, The Corvette Club of America etc. Google the term ‘Corvette Links’, ‘Chevrolet Corvette Links’ or ‘Stingray Links’. One link will always lead to more and additional links. Corvette enthusiasts are like that – always trying to be helpful and to share.

A terrific resource always is eBay. EBay is the premier online auction site. It can easily be found on the web at its home of http://ebay.com as well as various worldwide specific sites – whether they be ebay.ca in Canada or http://ebay.uk in the United Kingdom. EBay has both its original sales areas as well as the more specific and distinct eBay motors. The beauty of eBay is that somewhere in the world someone may have exactly the part, component or technical manuals that you are looking for.

In essence it may be ‘just lying around’ and be of found money to them and yet be exactly what you require. It may be that that item is not available in your local area or the locals may want a killing for it. Either way eBay can be a very useful resource. Some of the items on eBay are on an auction basis; some are on a ‘buy now’ price. Some are both. The beauty of eBay is that it has advanced features which may make your search for that exact hard to find Corvette car part easier. You can conduct product searches on eBay easily and specifically. If you are an eBay member (no cost to register), then you can have the eBay system email you the moment someone lists that part. Then you can either bid on the item, or if it is a buy now you can choose to purchase it. In addition eBay has a buyer request area where you can put out feelers and a request if anyone has that part or knows of contacts or leads that have that component available. Remember though with eBay that shipping costs are major component of the final and real cost of any good purchased. All that matters, if evaluating cost, is what the product costs when it arrives at the door of your shop.

Lastly never forget your local or area Chevrolet dealer themselves. There is both an amazing and remarkable amount of early Corvette parts still in the parts inventory of some Chevrolet dealers as well as some General Motors Chevrolet dealers who specialize in classic Corvette and Corvette Stingray car, mechanical as well as body parts.

About the Author: Winnipeg Used CarsWhere Can I Buy License Frames in Winnipeg Winnipeg Auto Financing

Source: isnare.com

Permanent Link: isnare.com/?aid=205242&ca=Automotive

Forex Trading In Pakistan

Submitted by: Christopher Granger

Forex trading in Pakistan has been developing at a fast rate, and regular people are now producing more profit through currency pair trading. Even though a lot of people in the trade industry are around Lahore and Karachi, there are still several more people joining from the other areas. The foreign exchange trade, or more commonly known as Forex, is a large market and only financial firms and big banks was to be involved until recently. Today, almost any individual with an Internet connection can be involved in Forex trading because of its fast development and the introduction of broker spot trade.

When it comes to Forex trading in Pakistan, among the biggest obstacles for trading was language. English may not be the main language of Pakistan, but there is an increasing use of the language around the country. Thus, more and more Pakistanis are starting to get comfortable with the Forex trading world. Only a basic comprehension of English is sufficient to be a Forex trader. What you have to understand most importantly are the charts and figures. If you have no trouble with this part of the deal, then you may go on to the next step, which is finding the best online Foreign exchange broker in Pakistan.

[youtube]http://www.youtube.com/watch?v=01F9Dm_oVYE[/youtube]

There are a lot of factors to mull over when selecting the best Forex broker for you. Some of these include: the withdrawing and depositing alternatives they support; the minimum quantity you require depositing in order to begin trading; whether they provide a demonstration profile with play cash to practice your techniques or not; the performance of the support staff; how much they are obtaining as spread; whether their interface is user and beginner friendly, and up to standards; as well as plenty of other factors. Considering all these factors, you may come up with the conclusion that the best Forex trading in Pakistan is E-Toro. E-Toro is generally deemed on of the finest beginner-friendly Forex interfaces offered all over the world, and was deemed the most ground-breaking trading interface in 2010. With its existing features such as the Forex marathon, live chat with other Forex traders, and Forex chart, E-Toro is a terrific place for a novice to learn the strategies of the trading system.

If you have finally chosen the ideal Forex broker in Pakistan for you, you may then start learning the fundamentals of Forex trading. You must try new techniques in your demonstration profile and enhance your skills. It is recommended to make use of your demo profile for at least one month prior to involving yourself with the real trade.

An important thing to take not of is that even though you may begin investing your profile with as small as $25, you may want to invest larger amount as you may benefit from excellent offers such as first-time deposit bonuses. For instance, E-Toro offers a first-time deposit bonus of 50 percent for deposits of $1,000 at most. This means that if you invest $200, you will get an additional $100.

About the Author: Are you looking for more information regarding

Forex trading in Pakistan

? Visit

forextradingforaliving.com

today!

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1025655&ca=Finances

Considerations Before Getting A Dog

Submitted by: Ian Moffat

They say a dog is man s best friend, and certainly owning a pet can make a real difference to a home. However, a dog is also a serious commitment, and finding, buying or rescuing, and keeping a dog carries with it a lot of responsibility, to make sure the animal is kept safe and healthy and you all get the most out of the relationship.

Having decided to introduce a dog into the house, many families decide to get a puppy. There are many issues to consider as you do this, and one of the best ways to start is by getting hold of a copy of a really good dog training book. This will introduce you to the things you need to know before you start, and give you plenty of information as you get to know your dog.

First, ask yourself a few questions. Why do you want a dog? Do you know how much it will cost to buy and raise a puppy? Bear in mind the cost of feeding and vaccinating your dog vets fees and insurance and the cost of dog training supplies. How much time and exercise will you be able to give it and are ou able to make a 15-plus hours commitment?

[youtube]http://www.youtube.com/watch?v=DNeaZz9Vt6Q[/youtube]

Then consider your home. If you have a small house or garden it is not advisable to have an active or large dog unless there are open public spaces nearby and you have time to spare. A smaller dog would be happier and more preferable in these circumstances.

Think about your family. Elderly relatives, small children and other pets all need to be taken into consideration when choosing your puppy. Is your household noisy or quiet, calm or busy?

Once you ve asked and answered these questions you can start matching specific breeds to your requirements. Immediately rule out dogs who are unsuitable in terms of size, temperament or of a breed not to your liking. Do some research about any breeds you fancy to find out their tendencies, what they prefer or need and also check if there is a tendency to specific health issues.

Speak to local owners and the breed clubs, and ask every dog expert you can find. They will offer you ideas, tips and dog training advice.

Once you have brought your puppy home, it s a great idea to follow a good manual, so you know what to expect as it grows, and when things such as vaccinations and training need to be introduced.

Training your dog is essential if it is to stay safe and avoid becoming a nuisance to others. Read up about dog obedience training and the various dog training methods. Consider whether you have time to undertake dog behavior training yourself, or whether you can join a class, where you will meet other owners, and which can be both fun and practical.

With careful planning, sensible choices and realistic goals, you and your dog can look forward to years of companionship and fun.

About the Author: Article by Ian Moffat to make people aware of the responsibilities they undertake when deciding to bring a pet dog or puppy into the family home. It is imperative to do your research first. Plenty of advice and many publications are available so visit his website :

dogtrainingbooksnow.com

Source:

isnare.com

Permanent Link:

isnare.com/?aid=1090903&ca=Pets

What Are The Advantages Of Working With A Finance Consultant In Rockville, Md?

Click Here For More Specific Information On:

byAlma Abell

In Maryland, consumers need assistance when planning for the future. These plans may require a more realistic approach to their finances. A Finance Consultant Rockville MD could help them acquire this new perspective and create a beneficial plan.

Planning for Future Endeavors

The consultant evaluates the consumer’s incoming earnings. They review the consumer’s debts and monthly obligations. This helps them to determine a value that could be saved. The consultant provides them with clarity about how to proceed with these savings opportunities. If the consumer has a set deadline for purchase, the consultant could help them increase the savings opportunity or modify the plan.

[youtube]http://www.youtube.com/watch?v=EL-mAqaQQbA[/youtube]

Understanding Clearer Investments

The consultant reviews possible investment opportunities for the consumer. These opportunities are based on the value in which the consumer could use to acquire stocks, bonds, and IRAs. These investments could provide them with options for retirement or a method of generating extra income. The consultant presents these ideas to the consumer and manages their portfolio.

Avoiding Fraud and Unethical Opportunities

Financial consultants understand the schemes used by scam artists. They help consumers identify opportunities that are based on fraud and avoid them. This includes choices that are based on unethical opportunities. The consultant can evaluate the opportunities based on known schemes. They can also verify all information provided by the potential partner. This could prevent a major financial loss for the consumer.

Setting Realistic Goals

A complete assessment of the consumer’s finances defines what they are capable of right now. The consultant could provide them with a more viable opportunity for reducing their debts. They could also set them up on a five-year plan to help them generate new streams of income. Overall, the plan could help them set up a more beneficial budget to achieve their goals.

In Maryland, consumers could work with a finance consultant to acquire properties and assets. These strategies could lessen the impact of vital purchases for the consumer. They could also help them to manage their finances more proactively. Consumers who wish to discuss their plans with a Finance Consultant Rockville MD should contact Business & Financial Solutions today.

Get more information here!

Who Should Hire The Real Estate Appraiser And Why?

By J Harris

Everyone involved in the sale of real estate has a vested interest in the results of a real estate appraisal. The outcome affects the seller, the buyer, the lender, and even the realtor.

A too low valuation of the property by the appraiser could mean a seller must lower the asking price. For a lending officer, it could mean a lesser commission or none at all. A too high valuation means the buyer could be paying more than the property is worth. For the realtor, his/her commission could go higher or lower, which is based on the purchase/sell price of the real estate.

An appraiser, who should be licensed by the state, performs the real estate appraisal. It is best to hire someone local with years of full-time experience in order to get a more accurate appraisal. The appraiser and appraisal are governed by the minimum standards, published periodically in the Uniform Standard of Professional Appraisal Practice by the Appraisal Foundation. The Foundation is chartered by Congress.

[youtube]http://www.youtube.com/watch?v=O20JRlRW0CY[/youtube]

The recent real estate bubble, unfortunately, brought problems for appraisers and many involved in real estate transactions. According to Realty Times in their April 2006 issue, appraisers have been routinely asked by lenders to inflate real estate values to keep up with the ever-rising real estate market. One real estate appraiser in San Diego quit and turned in his license to the state, after being fired three consecutive times for refusing to inflate his valuations. Now, real estate appraisers across the United States are under a microscope from federal financial regulators and Congress.

The real estate appraiser may be hired by the seller to determine an accurate selling price or by the buyer to ensure the accuracy of the purchase price and mortgage; but generally, the lender does the hiring or uses their own in-house appraiser. Though buyers may assume the lender has their best interest, mortgage lenders have their own best interest at the forefront, especially some not-so-scrupulous lending officers who may be targeting a higher commission.

If I were a seller, I would hire my own real estate appraiser to ensure I was getting the most for my property. As a buyer, I would put the money out upfront to hire an independent and objective appraiser with no connection to anyone within the real estate transaction. This ensures that I do not contract for a mortgage, based on an inflated appraisal valuation, that will give me a new home with a lower or negative equity. The lender still may require a different appraiser.

If five different real estate appraisers evaluated the same property within the same timeframe and under the same conditions, it could result in five different and varying real estate valuations. Why? There is no set checklist or established value for each property feature and amenity. Though appraisals are based on prescribed standards, it is a subjective process.

If there is more than one real estate appraisal and they disagree significantly, you have options. If the value is too low for the seller, renovations may raise the value or you can decline to sell. If the lender insists on its appraisers value, which disagrees with your real estate appraisers value, as the buyer you can look for financing elsewhere or decline to purchase the real estate. There also is the option to bring the appraisers together to come to a common agreement on the value.

Remember, the person looking out for your best interest is yourself. Ensure the appraiser in your real estate transaction is reputable, objective with no connections to anyone in the transaction, local and experienced.

About the Author: John Harris is an expert researcher and writer on real estate topics such as economics, credit improvement tips, home selling advice and home buying preparations. For more information please visit

Mortgage Brokers

and

Mortgage Lenders

Source:

isnare.com

Permanent Link:

isnare.com/?aid=95525&ca=Real+Estate