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Dc Fawcett Real Estate – Deposit on home purchase – The ABC’s

Deposit on home purchase – The ABC’sIntroduction

You may think that buying your dream property is as ideal as signing a contract along with the owner and eventually giving the down payment. But the actual scenario is that you have to prove that there is “earnestness” attached to the buying of the property. Well what is the earnest money deposit?

This deposit is a portion of the down payment. This shows the buyer’s interest to implement the agreements that is set forth in the contract. An escrow account will take care of the deposit. This escrow is a form of trust fund that is managed by both the parties and has effect till you close the transaction.

Now let’s see some of the important aspects of an earnest deposit:

  • As soon as the purchase agreement is signed the buyer and seller will make deposit payment. This check or money order is then kept aside in an escrow which is maintained by the specific real estate brokerage. There are strict laws from the state regarding the dealing of these monies. It should be made clear that this money should never go in the hands of a broker through his business bank account.
  • Just as you are careful in getting a receipt for any financial transaction it is essential to ask for a receipt, for the earnest deposit which would be provided to the real estate agent.
  • With regard to the question of how much earnest amount one should pay, it has lot of variations. Having said that, different states have their legal limits for the earnest money. In case of a purchaser who can pay only less down payment he has to spend lot of earnest deposit. This is as a surety that he or she will get through a mortgage.
  • Generally the experts feel that the earnest money can be somewhere between 2% to 5%. This percentage is calculated from the purchase price. But again the actual money depends on the thriving of the market.
  • In case the purchasers decide on paying a large chunk as earnest deposit the lender will be interested to confirm the source of these monies.
  • One important thing to be kept in mind is that the earnest deposit is not in any way an additional expenditure of purchasing a property. At the time of closing the deal it will be added with the down payment.
  • Earnest deposits aren’t simply some random money paid. These sums enunciate the earnestness of the buyer and show that they are capable of carrying out their promises as per the purchase agreement. The real estate transaction conveniently commences with the earnest deposits that safeguards the seller in case the purchaser gives problems in the specific deal.
  • You would be investing some money in your bank account. Similarly an earnest deposit will provide you with interest through its escrow.

Conclusion

Dc Fawcett, the real estate expert, and also the founder of the Virtual Real Estate Investing Club, is well-equipped in the real estate scenario and assists people develop their real estate investing business.

 

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Advantages of hiring custom home builders to raise luxury home – DC Fawcett

Advantages of hiring custom home builders to raise luxury homeThere are many advantages in hiring a custom home builder.  The most important fact is that people can acquire what they desire, the way they want it to be.

There is no requirement to venture out in the neighborhood with a real estate agent by the side, browsing home after home, desiring to locate the vicinity what the buyers require – the exact layout, a very alluring design, the wonderful look and feel.  That particular method may be very cumbersome.  The other choice is to hire builders of custom home to construct what one exactly requires.

Some construction companies look into the development of luxury real estate and custom homes.  They create many great buildings in the vicinity of Miami and it is spread across the entire region.

The main advantages of hiring professional builders:

  1. Custom design

In fact, the most accredited advantage of a custom-built home is that the owners obtain what they exactly require.  They opt for a floor plan and customize it to their personal choices.

There are a wide variety of options to choose from – hardwood floors, granite countertops, tile, and the marble. The client has the accessibility to select the color and style of the carpets, walls, cabinets and shelves. There is no need to worry about where the outlets are situated.  One can choose the styles of doorknobs, windows and fixing of the lights.  The entire process can be very alluring and it is of course a fun.

  1. Getting to acquire what one requires

Another main advantage of custom building is that the homeowners retain most of their finances.  No requirement to put in money for the wasted rooms, unused space or spending for the aspects of property that one does not desire.  Within the stipulated budget, they obtain the most from their luxury home.

  1. No requirement to pay for remodeling:

By raising a custom home, the homeowners select choices that might not be available otherwise.  Maybe, they require an office above the garage, or they would like to add four feet to the desired bedroom or have an additional bathroom.

Particularly, these are decisions to be made during the phase of design, so there is no requirement for difficult or exorbitant changes.  Possible buyers do not require skimming through the real estate market, browsing for a home that adheres to unusual needs or preferences.

There are few other reasons why people choose custom home builders.

  1. People opt for custom homes since they are cost-effective and economic than the other builders.

  2. When a custom home builder is employed, the homeowner gets an opportunity to take charge of how their home would appear like. Then, the home can become a direct reflection that the owner makes.

  3. When one works with a custom home builder, the home that is raised can be above par and unique.

  4. It also assists the homeowner to select the quality of materials they require to use for the home. The custom home builders assure that the residence is raised and designed to meet the minutest information.

 

The above listed are few of the advantages that are provided to an individual who requires a custom home builder.

 

Dc Fawcett, as the founder of the Virtual Real Estate Investing Club, offers a number of solutions with regard to raising a custom home.  One may go through his blogs to get a better idea regarding the real estate scenario.

 

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Intelligent Storage Solutions for tiny house owners – DC Fawcett

Intelligent Storage SolutionsNo matter how much ever small your house may be you can ensure that you have sufficient space there. It is a challenge to deal with limited storage as it is the cause for clutter fueled conundrum. To avoid this, you need to reconsider your dwelling and create intelligent storage solutions. You can create a lot of room to store your things in a limited space. DC Fawcett suggests the ways make use of limited space in your house.

Intelligent Storage Solutions for tiny house owners

Creating a sufficient storage for your room is nothing but common sense. Are your closets and cabinets are full and you don’t know what to do? Well, the solution for this problem is to find the area that is overlooked or neglected very often. profitable investment You will find this storage behind these doors themselves. Here are the ways to find an intelligent solution.

  1. Make use of doors to the best

    An over the door basket hanging system enables you to hang your things inside the closet as long as the door is of the standard quality, having a hinged-entry style. You can open and close the door in a usual way. Plastic over-the-door shoe organizers can not only be used to store the shoes but also other stuff.

    1. Fill the bedroom door with socks and belts.
    2. Stash cold weather hats and gloves in an entryway closet.
    3. Fill the bathroom closet with the clothes that have to be washed, poufs and toiletry items.
    4. Door-mounted wire baskets are suitable for storing foil, wax papers and sponges on the kitchen shelf.
  2. Install tension rods

    Though narrow tension rods are used for the hand café curtains, they work inside the kitchen cabinets very well. Things have to be neatly organized so there will be sufficient space available. You need to install the rods vertically to the top cabinet and create dividers at the bottom where you can place your vessels like pot lids, pizza pans, and baking sweets between the tension rods to keep your belongings at a particular place so you don’t have to dig for them.

  3. Add storage units

    It is a shelf unit of freestanding or cabinets, which are perfect for small spaces, it is more suitable for bathrooms. In this storage, you can keep many things such as stash towels, hair dryers, cleaning supplies and random toiletries in add-on cabinets.

  4. Try double duty furniture

    when you select furniture you need to make sure that it is the best space for your room. For small spaces, you can use the furniture which can be used a bed as well as a sofa or the cot that can be folded when you are not using it. You can also take a table that is foldable. A flat-topped storage trunk can substitute a regular coffee table.

Conclusion

There are plenty of ways to make sufficient space for your rooms. If you have too many furniture in a small house, you can either sell the extra furniture or look for a larger space to accommodate them.

 

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