Real Estate Tips

Real estate is a well known to be competitive. We try to help you be a step ahead of everyone else in selling your home, and investing in another.

Found 86 blog entries about Real Estate Tips.

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Closing costs are fees paid at the home closing, which is when the title of a residence is transferred from the seller to the buyer. These costs typically include real estate commissions, escrow fees, document recording fees, lawyer fees, title insurance fees, survey fees, and taxes. These costs can also include the expenses the home has incurred by buyers and sellers during any negotiations. Closing costs vary widely based on where you live, the property you buy, and the type of loan you choose.

 

What "Costs" Are There?

 Here is a list of fees that may be included in closing: 

  • Application Fee: This fee covers the cost for the lender to process your application. 
  • Appraisal: This is paid to the appraisal company to confirm the fair
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Many home buyers have thought they found the perfect Staten Island house, signed the dotted line and believe they’ve watched enough home improvement shows to know if they’re getting a good deal. And then some make the mistake of skipping a home inspection in order to save a little cash. Do the right thing by you and your dream home and hire a home inspector!

The home inspection consists of a very detailed look throughout the home. The main goal of a home inspection is to make sure that the home is safe to live in.For example, the inspector will take a close look at the roof to make sure it is well intact. They will also check to see if there is any structural or mechanical damage such as broken heating systems, or a collapsing floor. The basement will

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What is Private Mortgage Insurance?

Private Mortgage Insurance, or PMI, is an insurance policy that pays out to a lender in case a homeowner defaults on a mortgage.

The homeowner pays a monthly or one-time premium on their mortgage payments, but the lender is the one getting the protection.

PMI is usually requested for and arranged by the lender, and is offered by private insurance companies. Lenders usually request PMI if the homeowner wishes to put less than a 20% downpayment on the house, and usually require the policy to be in place until there is at least a 20% Loan-To-Value, or LTV ratio on the house. The LTV ratio is calculated simply by taking the value of a loan on a house and dividing it by the value of the house. For example, if a

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What is RESPA?

RESPA, or the Federal Real Estate Settlement Procedures Act, is a federal act passed by congress in 1974. After being controlled under U.S. Department of Housing and Urban Development (HUD), responsibility for the act was assumed by the Consumer Financial Protection Bureau (CFPB) in 2011.


The act regulates the real estate settlement process by requiring lenders, mortgage brokers or servicers of home loans to provide disclosures to borrowers that will inform them about real estate transactions, settlement services, relevant consumer protection laws and any other important and relevant information connected to the cost of the real estate settlement process. Any business relationships between closing service providers and other

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The homebuying process is filled with so many emotions. Excitement, anxiety, hope, concern. One thing task that can be a huge source of stress about when acquiring a new home is the move-in. You have shift your entire life from one space to another, arranging things to fit your new living area. Take the stress off your shoulders by keeping your move efficient and organized. How? Marked crates! Marking and organizing boxes of your household item can be a huge help in assuring that things end up where they belong when you need them.

Before you being, you need your supplies:

SUPPLIES

Boxes: Make sure the boxes you will be using are sturdy, solid, and big enough to fit all your items. The last thing you want is a move-in malfunction, and your

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When looking to buy a new home, there are so many factors to consider. As a vigilant new homeowner, you want to make sure that your house or apartment is a safe and comfortable place. One thing that is of the utmost importance for your families safety is an absence of lead paint. Lead is an extremely toxic metal that was once a popular base in the paint. This material can be seriously detrimental to the health of you and your family. Luckily, the state and the federal government have taken steps to outlaw the use of lead paint, with various Lead Paint Laws.

What is the Lead Paint Law?

In 1978, the federal government officially outlawed the use of lead-based paint in residential buildings. This was after many state governments had independently

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We here at Tom Crimmins Realty can attest to the importance of a good credit score. When it comes to buying a home, big or small, all credit-collecting companies look at one thing before offering a loan: your credit report. This might be a breeze for some and nerve-wracking for others. Here’s a crash course on all things credit and how to break the coveted 850.

What is a Credit Score?

A credit score is a three-digit number ranging from 300-850 that expresses how likely you are to repay your debts. This number is created by the three main credit bureaus, Equifax, Experian, and TransUnion, using algorithm models created by companies like FICO. Lenders use this number to determine approval for loans, credit limits, interest rates, and other financial

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Your home is your sanctuary, your personal space. It should be a place that is welcoming to both you and others. When you buy a home from Tom Crimmins Realty, you are buying not just a house, but a place of potential: of memories, growth, and comfort for years to come. For our eager buyers, there is nothing more exciting than decorating their new home to their personal style. But often, as we get busy and caught up in our lives, years pass by, and our home decor falls to the wayside. Professional renovations can be complicated and costly, not to mention the weeks spent dealing with strangers in your home. But fret not, here are a few do-it-yourself tips to bring the life back into your home.

Paint, Paint, Paint

Do you feel like your house is

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Besides the number of rooms and location, we all know that the aesthetics of a house are one of the main keys that sell it. There are secrets behind this simple concept for instance, paint colors matter tremendously. The buyer could repaint the walls after they purchase the home, but that is a hassle that can make or break the deal. Make sure the walls are not in disrepair and here are some tips for certain rooms!

Neutral colors are always a safe choice if you're indecisive. Warm beige, white, and gray. are all safe choices to dress your room casually. However, to keep things from being bland you should decorate the room, especially if the room is small. Add a few pops of color by some small wall arts or just any thing that would look aesthetic. Don't

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     Cimex lectularius, also known as the common bedbug, feeds purely on human blood and can be found worldwide. These insects are a major hassle to get rid of, and dangerous to boot.

Found mainly in urban environments, the common bedbug has wreaked havoc among society for millennia. The vampire like bugs are small in size, oval shaped, and a dark brown color, however; they swell up after feeding. They don't fly, but do have small wings and also have beak-like mouths which they pierce the skin with to suck the blood. A healthy female can produce up to 500 eggs during her short life span and produce around two to five eggs per day, making their extermination rather difficult.

These pests are built to be able to hide easily, especially during the

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