cargo container homes for sale

What Happens To My Mortgage When I Sell My Home

cargo container homes for sale , , , , , , , , , , , , 6 Comments

What Happens To My Mortgage When I Sell My Home

Download – Royalty Free Stock Photographyfrom © Dreamstime.com You’ve decided to make the plunge and sell you home. More than a few people have innocently asked me, “What happens to my mortgage when I sell my home?” What Happens to My Mortgage When I sell My Home If you own a home, you undoubtedly are carrying a mortgage on it. A mortgage is simply a loan from a bank or financial institution for percentage of the value of the home, which you pay to the person you purchased the home from when you bought it. Depend on the type of mortgage you have, the amount due on the loan should have decreased during the time you lived in the home and made monthly payments. When you go to sell your home, the simple question is what happens to the then due balance on the mortgage? The simple answer is the financial institution is going to be paid out of the proceeds of the sale before you see anything. As a result, it is critical that you calculate in the loan repayment amount when determining if it makes sense to sell a home. If you have a home worth $300,000 and owe $280,000 on the mortgage, you are going to realize little or no profit after the costs associated with the sale and probably shouldn’t sell it. If you have plenty of equity built up in the home, your mortgage can still end up costing you more than you originally expected. Many modern mortgages have restrictive penalties built into them. These penalties are designed to encourage you to hold onto the home for a set period of time, usually a couple of years, so the bank can recover a certain amount of interest up front. Put another way, the bank is trying to lock in a certain amount of profit on the loan. When it comes to these restrictive penalties, lending institutions get pretty creative. Many will include a penalty if you sell or refinance the property within the first two years of the loan period. The penalties can be anything from the equivalent of three months of payments to a preset amount or even a percentage of the loan. State law often influences these issues, so you need to read your mortgage loan documents closely. Regardless, you mortgage is going to be paid off as part of the sales process. The exact amount will depend upon the nature of your loan. Raynor James is with the FSBO site – FSBOAmerica.org – homes for sale by owner. Visit our “Sell My Home” page to sell your house or our home buying page to view and buy homes, houses, condos, land and real estate. Video Source: Youtube

http://raynorjames.articlealley.com/what-happens-to-my-mortgage-when-i-sell-my-home-19865.html

How To Clean House the Easy Way

cargo container homes for sale , , , , , , , , , , , , , 50 Comments

How To Clean House the Easy Way

There are many occasions when a homeowner might have a large amount of stuff to get rid of -”not just household garbage, but the huge range of other things that turn up during any large scale cleaning project. Old appliances, furniture that’s seen better days, debris left over from a construction or home renovation project, yard waste, old TVs or computers, mattresses or even hot tubs. It’s one thing to gather the stuff up and decide to get rid of it, but actually disposing of it is another project entirely. It isn’t just homeowners who run into this situation either. Business owners, landlords and property managers often find themselves with a large collection of assorted junk to get rid of. Connecticut has had mandatory recycling laws in place since 1991, and these regulations have expanded in scope since then to cover a wide range of products that used to be picked up as part of regular curbside garbage collection. Grass clippings, leaves, batteries, newspaper, cardboard, glass beverage containers and empty cans must all be recycled by law. Household electronics (commonly referred to as e-waste) were slapped with a disposal ban in 2011. This means that TV sets, computers, laptops, monitors, printers, DVD players and other devices can no longer be tossed out in the trash; they must be taken to an electronics disposal facility for recycling. None of these measures are a bad thing. They are all intended to promote conservation of scarce resources while reducing pollution and cutting down on use of landfills. But they have made weekly household garbage collection a little more complicated than it once was, and a large-scale cleaning project can be a nightmare when it comes to sorting and disposal. Families trying to de-clutter their homes, realtors prepping homes for sale, landlords readying recently vacated apartments for rental, seniors preparing to move into a retirement home, businesses looking to clean out storage rooms packed with old boxes and broken office furniture and neighbors organizing local park or neighborhood cleanup projects have discovered that the cleaning is sometimes the easy part of the project. For Bridgeport junk removal, Scarsdale trash collection or as alternative to a dumpster in Greenwich, professional junk collection has become the preferred way to dispose of the cleaning aftermath. With the convenience of a phone call, a crew will carry everything to the truck -”no sorting or lugging to the curb required-” and they even sweep up after. Everything collected is properly disposed of, supporting all of Connecticut’s environmental regulations, but the homeowner, business owner or landlord isn’t the one who has to do the sorting. Jean S. Blue recently moved from her home of 40 years to a retirement residence and called on the junk removal Fairfield neighbors had been talking about to remove decade’s worth of unwanted trash. Jean wrote about the experience in a senior’s publication, calling the junk collection call and subsequent pickup the easiest part of her move. Related Articles – Bridgeport junk removal, junk removal Fairfield, Email this Article to a Friend! Receive Articles like this one direct to your email box!Subscribe for free today!

http://www.amazines.com/Home_Improvement/article_detail.cfm/4215026?articleid=4215026

Home Renovations Can Be Completed By You

cargo container homes for sale , , , , , , , , 12 Comments

Home Renovations Can Be Completed By You

If you choose to hide the air conditioner with grass like pampas, remember to plant it a couple of feet away so that the roots will not eventually damage the unit.A good insulation for your plumbing will help you prepare for the cold weather and also keep the water hot running into your sink. Many stores carry weatherizing tape that you can easily apply yourself. It will make sure the lines don’t freeze and so you will not have to replace them. If you apply an asphalt sealer to your driveway, (if it is asphalt) you can protect it from cracks and other damage. Both the sun and the weather can harm your driveway, particularly if water gets into the crevices, freezes, and then thaws out. Applying a sealant will add a protective layer, which will lengthen your driveway’s life, protecting it from the elements.A new mailbox can help add instant curb appeal to your home. A new mailbox also increases your home’s curb appeal. Just be sure when you’re doing the installation that it conforms to all city codes. This job is can be completed within a couple hours.Balancing can help! Keep your home whisper-quiet! A loud, unbalanced fan blade usually just needs some minor adjustments. Tighten all the screws on your ceiling fans. At the same time you work on the screws, take a moment to make sure the blades are clean, since even a little dust may throw off the fan’s calibration.Is there an old dresser or bedside table in the bedroom that you are sick of looking at? Why not bring your old furniture back to life by sanding them down and refinishing them. Not only will it instantly bring an old item back to life, you will have saved all the money you would spend purchasing a replacement. There are a variety of staining options available for any type of furniture.If you want to renovate your home, deal with any electrical or plumbing issues in the home first. As these repairs will actually cause damage to your home, you should do them first. Also, it is much simpler to do wiring and plumbing repairs once the walls open.Supplies that are used for home improvement are big targets for thieves. Take the time to secure all building supplies while work is halted. When the project is in a secure home, simply lock up the supplies inside. If your home is open, you can still have a locked storage container to prevent theft.Consider hiring a professional when you will be making some major changes around the house. Designers, contractors and architects have their title and their job for a specific reason. Skilled professionals will be able to ensure that the job is done correctly. Hiring professionals gives you some confidence that your end result will be just what you wanted.Always make sure to cover surfaces to protect them, whether you are painting or demolishing walls or cabinets. You want to be sure that you do not cause damage to areas that you do not plan to remodel as well. The goal is to save money not spend more. You should also cover walls if debris is going to be flying around when you whack out a cabinet. Related Articles – Charlotte Homes, Waxhaw Homes for Sale, Matthews Homes for Sale, Email this Article to a Friend! Receive Articles like this one direct to your email box!Subscribe for free today!

http://www.amazines.com/Finance_and_Investment/article_detail.cfm/3852849?articleid=3852849

Buying Property in Bermuda for Non-Residents

cargo container homes for sale , , , , , , , , , , 14 Comments

Buying Property in Bermuda for Non-Residents

Download – Royalty Free Stock Imagefrom © Dreamstime.com Bermuda has undergone a lot of development since the beginning of the 20th century. Presently, it is an affluent country with advanced infrastructure and amenities, and it is one of the most important business centers in the Caribbean/Atlantic region. However, all the development did not compromise its natural beauty. Bermuda continues to be an island paradise that boasts some of the most beautiful beaches in the world. As such, it is a preferred relocation destination for many people around the world. If you are planning to relocate to Bermuda or visit it regularly in the future, you may consider the possibility of purchasing a home there. One thing you have to know is that the cost of living and property prices on the island are very high, but it is possible to find affordable properties there. If you can find a home that suits your budget, you also have to consider the rules and regulations that apply to the purchase of property by non-residents. Compared to other countries, Bermuda has very strict property acquisition laws, and you are only allowed to purchase certain private properties. Here is a more detailed description of the property acquisition rules and regulations for non-residents in Bermuda. The laws governing the purchase of property in Bermuda by non-residents were first established in the 1956 Bermuda Immigration and Protection Act. Under this act, the government of Bermuda managed property ownership by foreigners through policies that restricted the number of properties that were available for sale to non-residents. The basic tool that is used for regulating land ownership by foreigners is the Annual Rental Value, or ARV. Every property on the island is assigned an ARV, and the government uses this value to calculate land tax. In the past, only homes that had ARVs that were higher than a certain limit were available for sale to non-residents. On the 8th of February, 2005, the government of Bermuda tightened its laws for property acquisition by non-residents. According to the current laws, non-residents are only allowed to acquire homes that are owned by non-residents, no matter how high are their ARVs. Other than that, the homes must also meet other requirements of Bermuda’s land policies. If you are planning to buy a freehold house, the property must have a current minimum ARV of BD$153,000 per year as determined by the Department of Land Valuation. If you want to purchase a condominium unit, the unit has to have a minimum ARV of BD$32,400 per year. Additionally, the unit must be approved for sale to non-residents by the Department of Immigration. To purchase a property in Bermuda as a non-resident, you have to apply for a property acquisition license at the Minister of Labor, Home Affairs, and Housing. You are required to provide financial and other references to prove to the ministry that you can be a good property owner in the country. Usually, the ministry will take 4 to 6 months to approve your application, and it will charge you a fee when you collect your license. After you are granted a license to acquire a property in Bermuda, you can proceed to acquire the property of your choice. The granting of the license by the Ministry of Labor, Home Affairs, and Housing is a condition that is required for the completion of the sales and purchase agreement. The license fee for the purchase of a freehold property is 25% of the total purchase price, and the fee for purchasing a condominium unit is 18% of the price. Certain restrictions pertaining to the use of property by non-residents are also stated in the license. First of all, the property you purchase can only be used as a private residence by you and your household. Also, you are not allowed to develop or alter the property in such a way that it contains an additional unit that can be considered a residential unit. You must also refrain from sub-dividing your property. If you are planning to rent out your property, you are required to obtain permission from the Ministry of Labor, Home Affairs, and Housing. Usually, you will only be granted permission if you are letting your property to people who are working residents in Bermuda. You are only permitted to rent out your property for a maximum of one year when you are not in the country. Also, you should be aware that letting your property to tourists is not encouraged. In the event that you are given permission to rent your freehold property to visitors, you are required to pay a tax amounting to 5% of your rental income to the Bermuda government. Other than the rules and regulations that are mentioned above, there are also other restrictions and allowances that you should know. Firstly, as a non-resident, you are not allowed to purchase undeveloped land in Bermuda. If you are planning to take mortgage security on a piece of land on the island, you are required to get permission from the Ministry of Finance. As a non-resident, you can only be gifted or inherit a property in the country if you obtain a license from the Ministry of Labor, Home Affairs, and Housing. Also, the ARV of the property must be above the specified limit. If you are married to a Bermudian citizen, you are allowed to own land with your spouse after you have obtained a license. The license fee for acquisition or inheritance of a property by a non-resident spouse is $1335.00. The process of gaining permission to purchase a property in Bermuda can be very complicated. There are a lot of rules and regulations that you have to follow and many procedures that you need to complete. If you wish to buy a property in the country, it is best that you engage the service of a lawyer who is familiar with property acquisition laws in Bermuda. This will ensure that your application for a license and the process of acquisition will be handled in the most efficient and effective manner.

http://john.articlealley.com/buying-property-in-bermuda-for-nonresidents-2404477.html

outdoor living spaces for owners of phoenix real estate

cargo container homes for sale , , , , , , , , , , 2 Comments

outdoor living spaces for owners of phoenix real estate

You have worked with Phoenix Arizona realtors and found prime Phoenix real estate. When you are new to the Scottsdale/Phoenix area, or currently live in the area and are simply moving into a new home, one of the best features that attracts homeowners to Phoenix and Scottsdale real estate is the fantastic weather. With an average temperature of 74 degrees and over 300 sunny days per year, these cities are made for outdoor living. Be sure to explore your options for outdoor living spaces that can make your home not only more usable but also more fun. If your home is situated on a sloped site, you might consider the addition of a deck as part of an outdoor living space. A deck can be a compact feature, or it can wrap all the way around your home. It makes a great place to relax with the addition of some beautiful garden furniture, and a delightful environment in which to have meals. Decks can be made out of wood, stone, brick, and green options such Trex. You will want to select a product that will be attractive with your home and will be safe to use any time of the year, if your deck is open to the elements. Many Phoenix new homes offer a pool, and it can make for a great outdoor feature to offer a cabana or a gazebo nearby. This will be a place that offers cool shade on hot days, and will give you an area for stowing towels and other items that you will find handy nearby your swimming pool. Cabanas can be quite festive when festooned with beautiful weather-resilient fabrics. A gazebo offers the perfect structure upon which to train flowering vines to add to the ambiance of your outdoor living space. Many homes come with porches. These offer a wonderful blank palate for gorgeous and comfortable sturdy furniture, and for you to add your own special touches through the decorations you choose to include. You might select an outdoor chandelier, perhaps using candles, so that your space becomes usable in the evenings after dark. Why not add a hammock for lazy afternoons spent napping or reading? An outdoor fireplace adds a tempting glow to your outdoor area, allowing you to enjoy it even in cooler months. Patios can also provide excellent outdoor living spaces, which can also be placed near landscaping and flower beds, so that you can enjoy them in comfort. Patios can be outfitted with a barbecue and even outdoor refrigeration and running water for a fun cooking experience. Imagine containers full of billowing plants placed attractively around your patio. Outdoor living spaces extend the boundaries beyond your rooms indoors to allow you to enjoy all of your new property. Wayne Hemrick is a well known Phoenix real estate agent who has over 20 years experience as a Phoenix realtor. Wayne enjoys publishing articles to help you to find the best phoenix real estate listings in the area. Related Articles – Phoenix real estate, Phoenix property, Phoenix real estate listings, Phoenix homes for sale, Scottsdale real estate, Scottsdale property, Email this Article to a Friend! Receive Articles like this one direct to your email box!Subscribe for free today!

http://www.amazines.com/Finance_and_Investment/article_detail.cfm/301207?articleid=301207