Homeowners Things You Should know,

Homeowners Things You Should know,

What and why you need an Insurance:

By: The Headley Group Realty

February 2017

If you’re the type of person who likes to risks and just go with the flow with your Real Estate needs, your mortgage lender does not. They will entail you to secure homeowners insurance to keep their interest in your home. And that’s a good thing. For even if you don’t have a mortgage, you should have homeowner’s insurance. Your home is a enormous investment that covers all your assets. The percentages for coverage are a minor price to pay for the securities they provide.

The Headley Group Realty gives you answers to your common questions on your home insurance needs: For Buying or Selling to get ahead in Real Estate get ahead with The Headley Group Realty Call Us for a Consultation: 336 904 6216!

PRICE

When do I have to pay? Supposing you will have a mortgage, you will be required to bring proof of at least 12 months’ value of insurance extras to your closing. Please bring along your policy’s declarations page which shows the effective date and the cost for a year’s coverage to closing, along with a receipt or a letter showing you’ve paid the bill.

Afterwards, your lender will set up an escrow account and settle your monthly payments out of that. Your homeowner’s insurance will just be rolled into your house payment, along with taxes. Since you’ve already paid for a year straight, some home buyers assume their first year’s payments will be summarized. But from the first payment forward, your lender will be gather an insurance premiums to pay next year’s bill.

How much?

To gratify your mortgage lender, you must to cover the home for recent market worth. All they careful about is that they get their loan reimbursement even if the house and its insides burn to the ground. Excluding in very rare circumstances.

Most experts advise you to buy “replacement cost” coverage rather than market value. Here’s the difference. Say you buy a $200,000 home with market value coverage. If a fire destroys your home, it could cost $225,000 to rebuild. You’re left to foot the bill for the extra $25,000. Would it really cost more to rebuild than the market value of the home? First you’ve got to pay to remove the debris from the destroyed home.

How to determine replacement worth

Your policy may contain an automatic increase change, but even if it does, it’s a good idea to take a look at your analysis boundaries once a year or so to make sure nothing has changed that would make you want to adjust your policy.

BESIDE THE HOUSE WHAT’S PROTECTED?

YOU: As a homeowner, you also need to keep yourself against lawsuits if someone is injured on your property. Let’s say you have the neighbors over for a barbeque and one of them trips on a tree root and breaks a wrist. You could be accountable for their medical treatment and even loss of work. This is also why your insurance company may ask what seem like bizarre queries. Do you have a dog? Do you own a trampoline? They could raise your premiums to account for past claims experiences with that sort of thing.

YOUR STUFF: Ask about the personal property protection included – how much of your material is covered. Is it covered at replacement worth or depreciated cash value? What isn’t covered? Question your insurance agent what detailed prohibitions are in your policy.

You should take a record of what you own to help in case you ever need to make a due. Where to start? The Insurance Information Institute’s website can be a huge help.

WHAT’S NOT PROTECTED

Average homeowner’s policies do not cover against floods, earthquakes, hurricanes or wildfires, among other things. If you live in a flood zone, your lender will probably require you to purchase additional flood insurance. If you aren’t required to purchase specific hazard coverage, you may as well inquire what it would charge for those events most likely to occur in your area. Only you can choose what the peace of mind is valuable to you.

Am I prepared to be a homeowner?

By The HeadleyGroup Realty

January 2017

Am I equipped to be a homeowner? One of the popular questions would hear from first time homebuyers. Be sure you realize what's involved. You should ask yourself before buying if you have good spending practices. Take home buyer classes online if possible.

Home buying can still be a wise financial move, if you're ready and buy responsibly. Experts says "Owning a house is still better than renting,” "You should absolutely be able to find a great house for what you can afford." "Whatever your money attitude is, when you have a home, a lot of your money will go (to it)," "A lot of your time will be spent dealing with your home." Here are few signs that you’re sure you are ready to buy a Home:

You Know What You Truly Want and Need

To decide to buy something is significant as a home should be made, because it cannot be easily returned should you grow tired of it. Pertinently it is crucial if you made the correct decision. Sure, you can sell it, but that would take a lot of work. Before choosing a property, you must already have an idea of the attributes you want and need. If the property you are looking at meets most if not all of the criteria you set, the more likely you are to be satisfied with your purchase.

You Are Responsible and Independent

A great sense of responsibility is important in purchasing a home. You must be responsible enough to learn more about the property, its developer, the area it is located in, and the overall real estate market in order to avoid being deceived.

Checking and verifying the credentials to people you are dealing with, is also part of your responsibility. Once you are done with the buying, the property will now become yours. You need to make sure that it is well maintained and that the taxes associated with it are regularly paid.

It is your job to take care of your own property once you have it, ant not anyone else’s. There will be no landlord to request if things want to be fixed or changed.

If you don’t have a sense of independence in any way, then you should save emergency cash in case you need fixing or replacing.

You Are Ready to Settle Down in One Place

Buying a home is not commended if you are considering moving to another city or overseas within the next five years. Selling a home that you purchased fewer than five years ago rarely results in a profit. If you feel you will be moving to another city soon, or if you are considering migrating abroad, then it is not yet time to buy a new home.

You Are Patient

It’s a long and complex process, when you purchasing a property, we don’t decide to haste it. Watch the total area if you needed, so you won’t ever make the mistake of buying the wrong property. You also need to take care of taxes and other government fees, and these things entail a great deal of patience. Moreover, documents and legal papers take time to draft and study, so make sure that you take your time to get it right. Problems may arise if you try to expedite home buying.

You Have a Steady Source of Income

Buying a house is not just a one-time-payment thing, unless you have a great deal of cash. It is important for you to have a stable job or source of income to pay off monthly mortgage repayments, annual real property tax, and other maintenance.

A steady income flow is still necessary once you are a fully-fledged property owner to keep up with financial responsibility, including any fees you need to settle, thus avoiding more debts and a bad credit score.

A New Venture

A NEW VENTURE 

The Headley Group Realty

December 2016

 

Greensboro is not just a city in the U.S. state of North Carolina or it is the third-largest city by population in North Carolina and the county seat and largest city in Guilford County and or the surrounding Piedmont Triad metropolitan region. (As what Wikipedia would describe) But rather a place where you want to START.

We know that you may have bunch of questions in mind; an anxiously wants to get some answers: Here, as we look deeper WHY Greensboro is the best place to begin: We at the Headley Group Realty will lighten the burden up for you.

Greensboro ranks as #51 with an overall score of 6.6 out of 10. Where U.S. News analyzed 100 cities in the United States to find the best places to live based on quality of life and the job market in each city.

What's it like to live in Greensboro, NC? According to Local Expert Michele Hartle; says Greensboro, North Carolina, is one of those places that's big enough to have everything you need, but small enough for you to regularly bump into people you know. People who live here love it and say they have no reason to leave. Those who do leave will often return home to Greensboro to raise their families.

Greensboro, NC Cost of Living? Greensboro offers a better value than similarly sized cities when you compare housing costs to median household income.

To make it easier for you to move in and start HERE; don’t miss this out! Finding the right real estate agent or realtor is key when it comes to buying or selling a home. If you're considering buying or selling a home, we, at the Headley Group Realty have the top real estate agents in Greensboro.

Please visit our website http://theheadleygroup.com/: As a seller, you’ll want to see your home on this page. As a buyer, you'll want a home on this page.

Great Day Ahead!

Michael Headley

Specialize in HUD/REO'S

Certified probate specialist,REO

Broker,NRBA Broker,NAREB Broker, Resnet,and Equator

THINKING ABOUT QUALITY OF LIFE

THINKING ABOUT QUALITY OF LIFE   

From The HeadleyGroup Realty

Being a realtor is not only making a sale, but also creating relationships with your clients that lasts beyond a one-time transaction.  In order to do this, it’s best to keep the lines of communication open in order for them to come back to you when they are looking to buy or sell again, or even receive referrals from their friends and family. Keeping the lines of communication open can lead to a lasting personal and professional partnership. 

If we don’t have communication open with our clients, more often than not they tend to spend more time worrying on having the nicest home finishes and upgrades, but there are other factors that should consider in home search. And you, as their real estate agent/Realtor, are their personal trainer, helping them to choose a home where they’ll thrive in all aspect in their life.

As agents we encourage buyers to slow down to their decision-making so they don’t purchase a home they’ll later regret. “They are making decisions so quickly on a home they’ll probably own for the next 10 years, yet too often, they really only take about two hours to make that decision in touring a property and talking with their agent.” Consider some of the latest research and how you can apply it to help guide your home buyers to their ideal healthy home.

1.      GO GREEN - Have your clients carefully assess the views from the home’s windows, particularly in the kitchen, where people tend to spend most of their time. If there aren’t any green views there, make recommendations for how they can easily add some.

2.  WALKABILITY COMMUNITY - Look at the walkability score of the property on websites such as WalkScore.com, which also includes average commute times by bike and car. Houses within walking distance to jobs, schools, shopping, parks, and other amenities may not just do a body good but help at resale, too. A high walkability score can help boost a price of a home by an average of $3,250, according to a 2016 Redfin study. If your listing has a high walkability score, promote it.

3.    BEING SOCIABLE. Encourage your home buyers to take a stroll around the neighborhood to gauge how comfortable they feel, Parker the author of Real Estate Smart: The New Home Buying Guide says. They’ll get a sense for who lives there and be able to answer the question: Do I want to be like them?

4.      GET A TEST DRIVE. Have your clients outline a day in their prospective house. What time do they need to wake up to get to work? How will they feel after the commute? Where will they be running errands, and where will their kids go to school? Where will they take the dogs for a walk? “You can predict how you feel at different points of the day,” Parker says. “For example, if you now have a 90-minute commute, will you be in a bad mood the rest of the morning or when you get home, and how will that affect your relationships?”

That being said, we at the Headley Group Realty, will not only provide our clients with great deal of numbers but also, great deal how we can provide better quality of life. Besides, we don’t just need a HOUSE but a HOME where our future relies and our whole being is being developed.

We serve the Greensboro-High Point-Winston Salem area, and provide real estate services to both buyers and sellers. Referrals are one of the many ways we provide services to clients, but the best way to receive our five star service is to contact as now!

5 Things Every First-Time Home Buyer

Needs to Know

From The Headley Group Realty

 

After all these years of renting, Congratulations!  Now, you’re ready to buy your first home. But the home-buying process can be a terrifying endeavor, especially for first-timers. But the whole thing will seem a whole lot less scary if you prepare yourself with a few facts:

Here’s what every first-time home buyer needs to know to consider into house hunting with confidence:

1. BUDGET

Homes cost a lot, and to get one you’ll need a home loan, also known as mortgage, to base the bill, along with an immense down payment. Still, the question remains: What price home can you really afford? That depends on your income and other variables.

2. RIGHT REAL ESTATE AGENT

Real estate agents are an essential part of the buying process. That said, finding the right agent takes balancing credentials and chemistry. Why? Because buying a home is not so easy; it requires transfer of a deed, title search, and plenty of other paperwork’s. Plus there’s the home itself—it may look great to you, but what if there’s a termite problem inside those walls or a waste plant being built down the block? And of course, there will be money involve.

3. NO SUCH THING AS PERFECT HOME

Please understand that real estate is about concession. As a general rule, most buyers prioritize three things: price, size, and location. But credibly, you can expect to achieve only two of those things. So you may get a great deal on a huge house, but it might not be in the best neighborhood. Or other way around, or something else.

4. BE RESPONSIBLE

You also might want to consider an appraisal contingency, which lets you bail if your lender values the home at less than what you offered. This will mean you will have to come up with money from your own pocket to make up the difference—a tough gamble.

The first-time home buyer tax credit may be no more, but there are a number of tax breaks new homeowners may not be aware of. Tax credits are a beautiful thing that can help your home buying experience save money.

There are so many things to consider getting a new house, perhaps many tips and topics to talk about first time home buying: but the main point at the end is to get a win-win situation with the help of your selected Real Estate Agents. With the Headley Group Realty; we have the most sought after and trusted agents. We will be more than just a help, we will provide you an upfront true and realistic recommendation while also keeping up on your homework.

Call us at 336-904-6212 or email us to start a discussion of your needs. Fill out our quick form to tell us your property interest types and give us an overview of your needs.

About Good Neighbor Next Door

"Whether Buying or selling, to get ahead
in Real Estate; get ahead with THE HEADLEY GROUP REALTY!"
call us at 336 9046214


ALL About Good Neighbor Next Door

With so many discussions about HUD's Good Neighbour Next Door initiative Program, I would say that this is a great help to qualified professionals who happens to be in need of flat wallet but liveable homes.

It requires more research and patience to get and avail to this program.

WHATS NEIGHBOOR NEXT DOOR?

Buying a home through HUD's Good Neighbor Next Door initiative is designed to encourage renewal of revitalization areas by providing an opportunity for law enforcement officers, firefighters, emergency medical technicians and teachers to purchase homes in these communities. HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties. Bids for property must be submitted by a HUD-registered real estate broker.

In all its aspect, I believe its main purpose is to help out our professionals who are contributing the safety and order in our community, look for better space for their family.

For more information and details about this program please click here.

source:

HOA’s – What is a HOA? What are the benefits?

"Whether Buying or selling, to get ahead

in Real Estate; get ahead with THE HEADLEY GROUP REALTY!"

call us at 336 9046214.

Many buyers can be wary of purchasing properties that require HOA fees. They may see at it as just another monthly payment, and may miss the big picture of how HOA fees can benefit them. Homeowners Associations (HOAs) govern about 24% of all U.S. homes, according to the Community Associations Institute. The majority of new developments have HOAs, as do many older subdivisions. With the growing popularity of HOAs, it is important for homebuyers to know how this entity works.

First, a builder purchases, and develops land into homes for sale. These units may be single-family homes, townhouses or condominiums. The builder then sets up a homeowners association with rules and guidelines that residents must follow. In return, the homeowners have the opportunity to buy nice homes at reasonable prices, receive amenities and upkeep of certain areas, and pay for only a portion of the infrastructure and maintenance costs via their monthly homeowners’ dues.

Once the development is complete, the association nominates homeowners to operate as board members. The board is responsible for the ongoing management of the association, including creating and upholding rules, collecting payment of dues and preserving common areas. It’s important to participate in HOA meetings in order to have a voice in any potential community changes, as well as, enforcement of regulations within the community. 

Many homeowners prefer to live in an HOA for several reasons, including:

Appearance: Homes within an HOA must meet the criteria set by the association or face a fine, resulting in a lower likelihood of shabby lawns, peeling paint or a tastelessly painted house. HOAs preserve the nature of the community and protect property values by providing services and a safe, well-maintained living environment. 

Protection: One of the most beneficial long-term advantages of an HOA includes the regulations put in place by the board. These principles add a layer of protection against neighborhood dilapidation, and act as an effective means to maintain community standards and protect property values. 

Maintenance: Typical maintenance covered by HOA fees for condos include lawn care, trash removal, swimming pool maintenance, snow removal, and common area upkeep (such as elevators, lobbies, clubhouses, etc.) and other amenities that many Americans may not be able to afford on their own. 

This may be particularly beneficial for first-time homebuyers, retirees, and low and moderate-income families. 

Management: If you happen run into a problem with your neighbor’s dog barking, parking violations, or loud parties, you can ask the management to take control over the issue rather than getting directly involved with the homeowner next door.

While buying a home with an HOA has many benefits, it is not for everyone. For many potential buyers, the idea that a management association can tell you when you can put out an ornamental flag or that you can’t park your work truck in front of your property can be a deal-breaker. It is important to understand that you must follow the rules and regulations imposed by the association even if you do not agree with them. 

This doesn’t mean you can’t buy properties within an HOA, but you’ll have to find one with regulations that meet your specific circumstances. If you carefully read over these rules before deciding to purchase a property, this should not be a concern. However, many buyers skip this step when buying in an HOA and are sometimes surprised to discover limitations once they have moved in. Homeowners can request a rule change or an individual waiver, but there’s no guarantee that your request will be granted. Take the time to compare one association with others in the area before making such an important decision. 

While buying a home is often an emotional process, you should treat it like a business decision. When purchasing a property with HOA fees, consider what you can afford, what is important to your household, and what is actually included in the fees. Make sure you are making a worthwhile investment and that it will appreciate over time. Meet the neighbors before you put in an offer, and get their opinions on the association. This will often produce inside information that you may not be able to determine on your own.

Finally, in order to have a voice in the decisions being made, it is important remember that you can always become involved with the HOA by participating in the board election process. Buying a home within a homeowner’s association may be a good option for you. However, to ensure that you make the right decision, it is important to understand the differences from purchasing a traditional home outside of an HOA.

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Source: http://www.5diamondrealestate.com/hoas-what-is-an-hoa-what-are-the-benefits/