For example, job, selling a house, buying, What is the recommended order of events. What about the timing factor.  How long does the process take?
123828
We have relocated many times: \n\nFirst of all..do you work for a company that can transfer  you to that area? What is the draw there? Family? Friends?\n\nI would take a vacation to the area to make sure you like it first. Research the weather and community to make sure they are amenities you would want. \n\nLook for housing to see how expensive it is...go grocery shopping...all the things you would do if you lived there. \n\nThen look for jobs and see if you are employable in that area. See what the median income range is and make sure that you would be able to afford the cost of living for that area! \n\nMake sure that any family you would be moving with you is on board with the idea! Do you need to look at school districts for your kids? Is your wife ok with the move? Will your partner need to leave their job to acoomodate this move? Will your mom stop talking to you? \n\nAFter you do your research...then..try to get a job first. \n\nAFter you have a job..you can always live in a motel for a month or so while you look for an apartment or house or you can look online especially if you did your research while you were there. \n\nmove your stuff, sell your home where ever you are now with a trusted agent...and enjoy your new life!!\n\nNow, if your company offers a transfer..that is different! The company may have a relocation service available to them and you will already have a job..but make sure that you can afford the cost of living on your salary!
400683
You had your sellers sign the counter?  That ties the house up.  If you get a better offer, you need to hurry up and withdraw your counter.  If you get another offer that's worth responding to, but not accepting, then you're in a pickle.\n\nI think they'll think on it a while, then sign it.
465591
It is a tough time to get into the market. I'm on the mortgage lending side, but very familiar with both. The market is slow and few people want to do much around the holidays. The good news is, everyone in the business gets lazy this time of year, so the competition will be down. Early next year should be rather busy, so if you start learning now, you can get a jumpstart early on. The market has been somewhat steady, although I have seen many rookies get out of the business because they're not making any money. It really depends on the kind of person that you are and your work ethic. If you know you can make it, it really doesn't matter when you start. If you are the type of person that will easily fail in this business, you are likely to do so even at the busiest time of year. Feel free to email at my home address me with any questions: rxse7n@hotmail.com
645775
Possibly.  As long as the underwiter is satisfied with all of the paperwork, and doesn't have 20 packages ahead of yours, you should close on time.\n\nThat said, I've purchased and sold a number of homes and the underwriters ALWAYS find something!  Most of the time, it's little things that are easy to clear -- missing tax return or verification of income -- just have a fax machine handy if they're not local!  Once in a while they come up with a biggie though that can even jeopardize the entire deal.  I've had that happen too.\n\nFrom personal experience, it's not unusual for the closing date to be pushed back a couple of times.  The last property that I sold had it pushed 3 times but we actually closed on the first adjusted date.  I received the closing docs by e-mail, printed them out and rushed over to the UPS store to get them notarized and shipped off with minutes to spare.  That was a do-or-die deadline as I was leaving the country on business for 3 weeks the next morning and the buyer's rate lock had 2 days left on it.  They would not have qualified at the new rate, the deal was THAT tight!
394387
The time is now! I started on October 4th hopping by December 4th When my lease is up i was already out. Well Today is November 20th and I still haven't found my home, the good thing is my loan is already approved, the only thing missing is the house and the long wait between negotiations  and appressal. \n\nMy advise is, get pre-approved or approved FIRST, then start house hunting. The most important thing is to get approved for the best loan before the hunt, which is the easiest part. \n\nMy third application took 30-minutes over the phone with my bank and within 4-business days I was sort of pre-approved.  My original loan amount was for $300,000 which got decline by the underwritter, so I had to talk to him and settle for a $260,000 loan., But a week later, it was finally approved.   \n\n\nSince my original loan amount was decline, I had to look for homes withing that price range in another part of the state. Where I currently live, Homes start at $300,000 and they tend to be small, and needing a lot of work.\n\nMy bank  was my third and last lender, after trying with Credit Suisse which gave me 100% financing at 5.375% then change the terms to 7. 850% for 3-years fixed and 27-years variable without notifying me. \n\nThe second attend was with Quicken Loans, which was a complete waste of time. BTW, if you valued your sanity, AVOID Quicken Loans!\n\nA fixed interest mortgage is the best to go, you don't want to go for one of those "Interest Only" you hear so much about. Thouse will lead you to a foreclosure within 3-year.\n\nFor a 100% financing loan your mortage payments will start the first day of the month 2-months later, mine is set for February 1st. 2007. The monthly payments will  include Principal, Interest, Taxes and Insurance.
510392
The senario you describe happens too often.  The problem is this - the seller has the house off the market (it's under contract, so he can't just sell to someone else), and the current buyer is telling them "I know it's past the contract closing date, but just give me until next Tuesday and we'll have it all together....." \n\nSometimes the buyer DOES get it all together and close, and if they do, it's better to wait a few extra days than to start new with a new buyer.  Sometimes they don't, and the seller ends up pretty angry that the first buyer dragged it on..... First buyer spent $ on inspections an appraisals already, and maybe the seller already spent $ on repairs to try to make this first deal happen, which adds to the pressure to continue with it.\n\nHere's what you need to do.  Have your agent submit your offer again, and include the TREC Addendum for "Back-Up" Contract.  This form basically says..."If the first deal dies by ______ (date), then this contract takes effect."\n\nYou do need to actually negotiate the terms, price, etc. as if the house was available to you right now.  Both buyer and seller SIGN the contract and addendum, and the earnest money and option fee get delivered.   Title companies are hesitant to receipt another contract once one is already there, so maybe the checks and contract need to be held by the listing broker.\n\nThe seller still has the right to extend the first deal as much as they're willing to keep trying, but if your offer is better, then the seller would be wise to stop giving the first buyer so much time.\n\nGood luck, hope this helps.  Tell your agent he can contact me if he wants, but probably his broker would tell him a similar strategy.\n\nOh yeah, also put a time limit for a response from the seller.  And make sure you've got a really good pre-aproval leter from your lender.
166102
I bought a foreclosed home last year.  We found it in the MLS, just like the other homes.  Our Realtor showed it to us.  There was a bunch of extra paperwork.  The home had been vacant for 2 years, and was not well maintained prior to that.  It took 6 weeks from the bank accepting our offer to get a closing on a cash deal.  When we got the power turned on the fridge, furnace, and hot water heater did not work.  We are still renovating, but it will be nice one day.  My best advice to you is to locate a Realtor.  Happy house hunting!
174270
There are open records in each city on all properties .As far as what they made ask for their last two years tax forms.Now keep in mind people knowing they will sell within a year or so my have the property re appraised and report more earnings .It is worth the tax to pay more and get it back at the sell .Look at the area , is it busy ? Is it safe ? Take the address to open police records they can look up address and tell you how many times police were called and for what reasons.Walk in the neighborhood , YES people will tell you if the business has been good for them or not and why.They can tell you it's a hang out at night .Check with zoning on any codes written up , also if it would in the near future need costly up dating for zoning.
290454
Its common for sellers to want to sell ASAP.  If they have their next place lined up they just want to move on.  You could ask them to pay you a little bit to do this if you wanted, or if you don't care when the closing is you could just move it up to be nice.\n\nAnyhow, as the prior poster said, you typically pay your mortgage for the next month and the fractional portion of the current month in advance.  So settle on the 1st and you come up with 2 months of mortgage payments at the closing table.  Settle on the last day of the month and you come up with one month and one day of mortgage payments.  However, settle on the 1st and your next payment isn't due for 2 months, settle on the 31st and its due in one month and one day, so this is extra $$ you need to come up with at the closing, but not really a permanent extra expense.  There could be other minor adjustments, but probably very little would be different, no real extra costs.\n\nNote also that the bank and title company have alot of work to do, so its very possible they won't be able to close in a moved up time period even if you want to. So make any contract change contingent upon the bank/ title company being ready in fewer days (or better yet, if you agree to this just verbally tell them you will try to close sooner, but do not ammend the contract with a new closing date).
506054
First step is to list all the events that cause a cash inflow or cash outflow.  Then make sure the list is in chronological order (earliest event first, then the next, all the way through to the last).  Make sure that the events are truely cash related: for example if the entity incurs a liability on 1 August, receives an invoice on 31 August, and pays the invoice on 14 September - the cash outflow only occurs on 14 September.\n\nHow can this be used to structure the analysis?  It can be very helpful to see exactly when capital providers (shareholders or creditors) need to provide funds, and exactly when they can expect to receive funds.  It can also help to determine whether the company has enough cash on hand to meet its needs - sometimes a company can be profitable on paper but not have enough liquid cash to meet its needs.\n\nThis sounds like part of a homework question you are having trouble with.  If you are looking for additional accounting based examples, the case study below is a great example of a company with liquidity issues.
167483
When we wanted to get into a new home in a good neighborhood - the housing market was a seller's so we put our place up for sale with a specified date that we could be out by - our home sold in less than a week (this was in Sept. '05) we didn't have to  be out of our place until Nov.1\n  Friends of ours did a subject to sale of home purchase- when they wanted to buy another home.
61627
You should be close to the area you want to 'work'.  \n\nIf your sphere of influence is near where you live, you need to consider moving closer to that area.  The only way to make sure you get off to a good start in real estate is to service the people you know.  \n\nI've been in the business 3 1/2 years, and the referral base is really only now getting what I would call 'good'.\n\nIf it's not working in that location, you need to look inward and determine why.  Is it because of location, or are you making sure you're doing all the things you need to do to succeed.  In my short time in the industry, I've watched a lot of people spin their wheels and eventually leave the business.  \n\nHang in there.  If you have any questions, feel free to contact me.  Good luck!
472109
As little as 90 days in some cases.   Foreclosure is a process.  First, the homeowner owes several months of mortgage payments.  The first thing which will happen is you will receive notice from the bank that foreclosure is possible and they will request you contact them to try to set up a repayment plan.  If you do not set up such a plan, the next document you will receive is a foreclosure notice usually set 90 days in the future.  You then have 90 days to come up with the late payments, current payment and any court fees.  At this point, there are several options; These include:\n\n- Some how come up with the outstanding payments\n- Sell the house yourself (risky as a house could easily take more than 90 days to sell)\n- Sell the house to an investor for much less than market value\n- Refinance the debt (usually at a very high cost)\n- Personal Bankrupcy (many people use this as a last second tool to halt or delay foreclosure)\n- Let the foreclosure happen\n\nThe last option is usually the worse as you will lose all equity in the home.  Unless you owe more than the house is worth, foreclosure is the last thing you want to happen.  A foreclosure will also destroy your credit.\n\nMy advice is to contact a lawyer.  Most people shed their assets before going into a nursing home.  A laywer should be able to tell you what your options are.
30650
There is so much to do.  We just went through it for the 3rd time.  buying a house isn't a fun thing.  it is stressful but rewarding in the long run if you do your homework.  \n\nYou don't need to have a realestate agent.  We bought all three homes without using our own personal agent and we also sold both of our homes without any agent.  What you DO need to have, is a good lawyer to handle all the paperwork and contracts.  ( ours cost about $800) small investment but very worth it!!\n\nI would start looking for a home AT LEAST 3 to 4 months in advance of when you actually want to be moved in.  The hunting part can take 2 to 3 months even longer if your picky/ or there isn't much to choose from.  Then comes the closing process.  This is the time you get the mortgage loan, the title, the home inspection, and all other legal stuff out of the way.  Finally you will be ready to close on the home.  This is the day that was set by the bank, you and the seller for the ownership to change hands.  \n\nYou will need to have enough money in your bank to cover the down payment you will be putting - along with closing costs.  the average closing costs are about $5,000 to $8,000.  So you need to be ready for that.  \n\nI would suggest not to get in too deep. don't go for interest only loans, they are a bad idea.  If you can't afford a house with a regular fixed rate mortgage you should probably hold off until you are finacially ready.  \n\nThere is just so much more than what I posted above.  If you are serious about buying a home - you should start researching it many months in advance so that you will not be in over your head and get taken advantage of. \n\nGood luck
424843
If people would think about it, newbie realtors are the best!  They have fewer listings thus they can devote nearly all their time to selling your house.\n(How did you like that for an advertisement)\nBut it is true.  \nExplain to the prospective sellers what I have just said above.  Also tell them that you are just one of many professionals involved in the sale and closing of the house.  In fact you are really just the facilitator.  The lending institution, abstract/title company, closing company/attorney, the inspector, all have huge roles in getting that house closed and into the hands of new owners.\nTell them you are one of a team.  You will devote your undivided energies to marketing their house.  The others on your team will ensure that it closes properly.\nAlso, you are going to have to meet these people that want to buy and sell in the 400,000 range.  The easiest way to do that is to offer to hold open houses for other realtors that have houses in the price bracket listed.  Thus when the people come thru the open house you are the one they meet.
493582
If you have a signed purchase and sale agreement, and the buyer fails to abide by the agreement, you can usually keep the deposit. You have to see what your contract says.\n\nThe closing date should be in the P&S and any change should have to be in writing. If the buyer has to obtain a mortgage and is having a problem, you may be stuck, since that usually allows the buyer to get his deposit back. Also check to see if the P&S has a "time is of the essence" clause.
300191
Well lets see these are my Realtor or sales professional sayings and promises.\n \n1. "I will sell your house."  Bull SH&@! They don't sell your house for you they invoke a genius marketing system (a.k.a. multiple listing service)that allows other blood sucking sales professionals to see that they got you to sign a contract saying that they get the commision for entering info into a computer system that takes as long as me typing this answer and then they set back and hope one of their fellow kind lands on someone that wants your house. I think you can do that much.\n\n2. "Just give me 90 days and I/we will sell it."  \n\n  See Previous Rambling\n\n3.  "I will represent you at closing." \n  No they should say I will make sure everybody shows up to sign so I can run my check to the bank.\n\nBeyond my opinion.\nIf all you do is run a newspaper ad for 30 bucks a sunday you will inturn work harder than the average realtor. They mostly are just a pretty face that knows the answers to every question in real estate acquisition. Licenced by the state so the state gets a cut of everything, almost a rackett in my opinion.