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“How do we get a house?”

“How do we get a house?” -Developing a House Acquisition Business Plan- 1. Objectives What is the reason for providing a chapter facility? Before beginning the process, ask yourself two questions: Is chapter housing a necessity on my campus and is chapter housing a feasible option at this time. Once you determine the answers to those questions, there are some guidelines and specific courses of action to follow. 2. Save Money Even without a house, there should be an assessment for a chapter housing fund. Even a small assessment of $50.00 per man per term can grow significantly over time. As a general rule, you should have at 20%-30% of the project cost, in cash, before conducting a review of other financing options. If you have not begun to save money, then you are encouraged to stop at this step before moving on. You can certainly move through the other steps in this process, but without cash, you may be wasting your time. 3. Form House Corporation The House Corporation, a n...

How to Buy a Safe for Your Home

How to Buy a Safe for Your Home The first step is to determine who or where you will buy your safe from. There are many places to buy a safe today, you can buy from a “big box store”, an office supply store, a furniture store, a hardware store, online, or even from a professional safe retailer or locksmith. With any other than the safe retailer or locksmith you run the very real chance of not being able to get qualified advice as to what you need, not being able to arrange service or repair should the need arise. When you buy from a professional safe retailer or professional locksmith who also sells safes, you are likely to be dealing with someone who knows which safe will best fill your unique needs, these people make their living by selling safes, they know how a particular type or model will perform, they know the features and benefits, and what they are meant to protect. Being the experts they are, they also offer service, repair and delivery services. Would you really trust th...

Thinking About Buying Your First Home?

Thinking About Buying Your First Home? With interest rates low, many renters are starting to think about purchasing a home of their own. While simple rental cost vs. mortgage cost comparisons can be very attractive, buying a home is a serious commitment, and there are many factors to consider: How long you plan to live in the home. Selling a home costs money.  If you potentially may have to move in the short term, the value of your home may not have appreciated enough to cover the costs of buying and selling. The length of time that it will take to cover those costs depends on various economic factors. Average appreciation tends to sit at around 5% per year. In this case, you should plan to stay in your home at least 3-4 years to cover buying and selling costs.  The real estate market can be particularly volatile, however, and dramatic swings up and down are not uncommon. How long the home will meet your needs. What features do you require in a home to satisfy your lifest...

The estate agent’s responsibilities to the buyer

The estate agent’s responsibilities to the buyer As a buyer, you will not pay an agent for services provided in selling the property. Buyers may deal with several agents or agent’s representatives, depending on who is handling the sale of the property they are interested in. You can leave details with one or more agents indicating the type of property you are seeking and an approximate price range. The agent may contact you when suitable properties become available. As a buyer, you can expect an agent to: •    take your details and provide advice about relevant properties for sale •    answer your questions about listed properties •    arrange inspections •    provide you with a copy of the vendor’s statement and contract of sale when available •    communicate genuine offers from you to the seller •    organise the signing of the contract of sale. Buyer’s advocates A buyer’s advocate is a lic...

Dealing with an estate agent

Dealing with an estate agent Although you can buy and sell property directly, most people will deal with an agent. Laws govern the licensing and conduct of agents. These laws prohibit unethical practices such as misrepresentations about property including the price, location, size and dummy bidding at auctions. Licensed estate agents and agents’ representatives A person or company acting as an estate agent, advertising that they are carrying on the business of an estate agent or who holds themselves out as being ready to act as an estate agent for payment must be licensed as an estate agent in Victoria. An agent’s representative must meet prescribed eligibility requirements and be employed by a licensed estate agent who is responsible for the conduct of the agent’s representative. Only deal with a licensed agent or an authorised agent’s representative. To check whether someone is a licensed agent or an agent’s representative, contact the Business Licensing Authority on 1300 135 452 o...

How to Buy a Home

How to Buy a Home Part 1 This lesson guides students as they decide how much they can afford to spend on a home purchase and what type of home they would like to buy.  It also gives helpful hints in choosing a realtor. Learning Objectives: 1.    Students will interpret a chart. 2.    Students will list the features they would like in a home. 3.    Students will identify ways to choose a realtor. Casas Competencies: 1.    1.4.2  select appropriate housing by interpreting information 2.    7.2.7 identify factors involved in making decisions, including considering goals, constraints, and consequences, and weighing alternatives Materials Needed: 1.    A copy of worksheets 8-A, 8-B, 8-C, 8-D for each student. 2.    One local yellow pages phone book per student ( or as many as possible ). SUGGESTED ACTIVITIES: 1.    Give each student a copy of worksheet 8-...

How to Buy Your First Home....the Easy Way!

How to Buy Your First Home....the Easy Way! Avoid the 10 Most Common, Painful, Mistakes First-Time Home Buyers Make Buying a residence can be a hair raising experience. You will experience a roller coaster of emotions while finding the right place, securing the loan and finally moving in. For most of us, the first time home purchase is the largest investment we’ve ever considered. The emotions of purchasing something so expensive and personal can often cloud our business judgment. Most home purchasers do little or no research before they invest their nest egg. Doesn’t it make sense to become as completely informed as possible before you buy your first home? This special report is designed to help you avoid 10 common and crucial mistakes. The right real estate professional can help you make good sound business decisions based on your personal situation. Inspect, Inspect and Inspect - Go over the inspection report with a fine tooth comb. Make sure the report was done by a profe...