Is It The Right Time To Buy A House?

House Buying ProcessSo you made your life-changing decision to buy a house. Now it is the right time to take a step back and decide whether it is reasonable to make this kind of decision right now. Buying a home is a complex process that requires a big amount of time, money and patience.

Here are some questions that are absolutely necessary to be asked before the purchase:

Is My Credit Report Good Enough? 

It is extremely important to check your credit report and score. The first thing lenders want to know is how much of your monthly income goes towards debt payments (debt-to-income ratio). This ratio is expressed in a percentage of your personal debt. Luckily, you have the possibility to check online your credit. According to the law, you’re allowed to receive one free copy of your credit report per year, by clicking here. Do not hesitate to check your report for mistakes, because even the small ones can cause rejection. Continue reading

Why Do I Need A Homeowner’s Insurance/Home Insurance?

We all know the saying “your home is your castle” and it is extremely important to know for certain, that it stays safe from life’s unexpected threats. In order to secure it from any kind of financial harm, you may consider buying a Homeowner’s Insurance (also known as Hazard Insurance). From one side, you have to be sure that your house is absolutely protected because life is full of unexpected hazards, but on the other side, this industry has changed a lot, so insurers hiked deductibles, scaled back on coverage, and added new restrictions. Few homeowners take the time to read their policy and, even if they do, may not realize how one phrase, sometimes one word,can mean thousands of dollars. Continue reading

Everything You Need To Know About Easements

EasementThe property discussion might be very tricky sometimes. Does your neighbor use the roadway that passes your private property? Does a local utility company have the right to access a pipe buried in your yard? One day you may wake up and find out that you have to share a part of your possessions. Here are several things that you should know about easements.

An easement is a legal, non-possessory right to use or/and enter someone’s land for a particular purpose. It means a lesser interest in someone’s property, a legal arrangement by the landowner and a no owner in some way. There exist plenty of varieties of this type of property right (i.e. easement for ingress and egress over someone’s property, ross-access or reciprocal easement and maintenance agreement, conservation easement, construction easement, condominium/town-home declarations, etc.) Continue reading

What Is Trespassing and How to Protect Your Property?! No Trespassing! Private Property!

Your home is your castle! We all want to feel protected and safe in our homes. Tmy house my castlehat is why we all are aware of importance to secure our private property. People have different views on property rights. Some don’t mind if people walk on their land, while others don’t want anyone on their property. Though, people are concerned about the trespassers, either they’re aware of theft and vandalism, or they want to avoid liability if a stranger is hurt while on their property. Yeah! Don’t be surprised! You may be taken to court if somebody was accidentally hurt on your property.

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