BAP site syndication http://www.clevelandtnrealestate.com Wed, 22 Feb 2012 15:59:07 +0100 FeedCreator 1.7.2 http://www.clevelandtnrealestate.com/images/M_images/ http://www.clevelandtnrealestate.com BAP site syndication http://www.clevelandtnrealestate.com/general-content/mortgages-defined-information-from-cleveland-tennessee-real-estate-professional-wayne-sherlin.html Mortgages Defined: Information from Cleveland Tennessee Real Estate Professional Wayne Sherlin Unless you are one of the approximately four percent of the nation's home buyers that pay cash, chances are you are going to need some kind of a mortgage. But before you start pulling credit and signing papers there are a few things that you should know, according to real estate expert Wayne Sherlin with Realty Executives of Cleveland. Having a little info ahead of time can save you heartache- and money. There are many different types of loans out there and the selection is changing all of the time. When you start the loan process you may want to consider sitting down with your bank and seeing what they can offer. If you have been a loyal customer they may give you special savings for giving them the opportunity. Many people go online to shop for a mortgage. Although it is convenient to do so, it can be an aggravating situation. Online lenders typically work in another state which means you will be at the mercy of returned phone calls for answers. If they are in a different time zone then it creates a whole new set of problems. Plus, a broker in another state may not be completely familiar with the lending guidelines in TN. In recent years, more than ever, your rating will be determined by your overall credit score. A high rating rewards you with better options from lenders. Make sure that you do not get in the habit of having your credit pulled repeatedly by different lenders while you shop. This could negatively affect your score. Depending on how much you put down will determine which loans you qualify for. Financing more than 80 percent means you will have to pay for either mortgage insurance, the V.A., F.H.A. or another third party group. This is their way of insuring the loan against default. These are all good loans, but remember if you can afford to put more down you may be saving on that insurance each payment. To get more tips on financing your home purchase, contact real estate expert Wayne Sherlin at 423-618-0056 today. Main Content - General Content Wed, 26 Oct 2011 14:30:16 +0100 http://www.clevelandtnrealestate.com/general-content/mortgages-defined-information-from-cleveland-tennessee-real-estate-professional-wayne-sherlin.html http://www.clevelandtnrealestate.com/buyer-information-pages/how-do-you-know-if-it-is-a-good-time-to-purchase-a-new-home-by-real-estate-expert-wayne-sherlin.html How Do You Know If It Is a Good Time to Purchase a New Home by real estate expert Wayne Sherlin If you are like many of the people in our society today, you are wondering if this is a good time to purchase a new home in Cleveland Tennessee. If you look at the economic situation in our country right now, we are in a recession, thousands of people have filed for bankruptcy and unemployment is at a high rate. In the back of your mind however, you might be wondering if this is a good time to purchase a new home in Cleveland Tennessee. There are thousands of homes that are now owned by the bank. You might be thinking that you could get a good deal. Tip #1 – Look at your own situation Before you should look at anything, you should examine your own situation, both personally and financially. Can you afford to purchase a new home in Cleveland Tennessee? Does the purchase fit into your budget as well as your financial goals? What does your job situation look like? Only you can answer these questions. If you are currently working, you must look at what would happen if you were to lose your job. You must see if you would have the money to pay the bills if something like that were to happen. Tip #2 – What is happening to the value of homes in Cleveland Tennessee Are the homes in Cleveland Tennessee going up or are they going down? Remember that what may be occurring in one area of the country does not mean that it is happening in your area. So you must make your decision based on what is happening in Cleveland Tennessee. You normally want to purchase a home when the values of homes are going up. You also want to check to see the rate that home as selling. In other words are the homes selling quickly? This may help you determine if the value of the homes are starting to rise. Tip #3 – Examine the interest rates Currently you want to know where the interest rates are. Are they high? Are they low? Have they been low for awhile? Do they appear as if they are on the rise? Of course you want to get the lowest interest rate possible. Play with different scenarios and also shop around. You may be surprised as you might be able to find a very good rate in Cleveland Tennessee. There is a lot of free information available to you about buying, selling or investing in Cleveland Tennessee real estate. For complete information about the Cleveland Tennessee real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Cleveland Tennessee real estate. So please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 423-618-0056 or email me at wayne@waynesherlin.com (mailto:wayne@waynesherlin.com ). Main Content - Buyer Information Pages Tue, 25 Oct 2011 21:38:22 +0100 http://www.clevelandtnrealestate.com/buyer-information-pages/how-do-you-know-if-it-is-a-good-time-to-purchase-a-new-home-by-real-estate-expert-wayne-sherlin.html http://www.clevelandtnrealestate.com/general-content/make-sure-that-you-go-shopping-by-real-estate-expert-wayne-sherlin.html Make Sure That You Go Shopping by real estate expert Wayne SherlinWhen you are purchasing insurance for your investment properties in Cleveland Tennessee, you may do what a lot of other investors do and make a quick trip to the insurance agent in Cleveland Tennessee that also handles your car and your house insurance. Sometimes, this may not be the best move.The best thing for you to do is to get three or four quotes based on what you need and what you are wanting. Now of course, you do want to get one of those quotes from your home insurance agent in Cleveland Tennessee, but don’t feel obligated to purchase the insurance for your property in Cleveland Tennessee from that agent. It may not always be the best option. Again, make sure that you shop around and get those quotes. Once you have those quotes, make sure that you don’t immediately purchase the lowest insurance rate offered. There are some other factors that you want to consider.Look at some things like their service, the financial stability, and their performance record that you can get from the state. When you look at the performance record, you are looking to see how they paid out any claims. Look online. There are some insurance web sites that you can go to that will get you several different rates on that one site. Now this may seem as if it is way over your head. However, the fact that you can save yourself some money, as well as protect some of your most important assets, you will soon learn that if you take the time to know what you have and what is available to you, then you may save yourself thousands of dollars in the long run. So write down your questions, and go and visit several different insurance agents in Cleveland Tennessee. The more information that you have, the better you will be able to make some wise decisions concerning your investment properties. There is a lot of free information available to you about buying, selling or investing in Cleveland Tennessee real estate. For complete information about the Cleveland Tennessee real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Cleveland Tennessee real estate at http://www.ClevelandTNRealEstate.com. Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 423-618-0056 or email me at wayne@waynesherlin.com (mailto:wayne@waynesherlin.com ). Main Content - General Content Tue, 04 Oct 2011 10:01:27 +0100 http://www.clevelandtnrealestate.com/general-content/make-sure-that-you-go-shopping-by-real-estate-expert-wayne-sherlin.html http://www.clevelandtnrealestate.com/buyer-information-pages/budget-your-money-before-you-buy-a-home-in-cleveland-tennessee.html If you are going to buy a new home Cleveland Tennessee there are so many details that you will have to sew on your end before you can even get started. One of the most important is your budget. If you do not have any clue as to how much money you have or how much you can afford, you are going to get yourself into a bad situation. The fact of the matter is that your budget has a lot to do with the type of home that you can afford, and also with how you will move forward in the process. There are two distinct things that go into your budget. First and foremost, you need to look at how much money you make each month. If you work for a company and are used to getting a steady paycheck this is easy to do. But on the other side of things if you are self employed you may have to take a bit more time trying to figure this out. Just make sure that when you are looking at this that you write down accurate information. If you mess up this process you could end up in a bad situation. Now that you know how much money you make each month, the next step is to consider your expenses. This includes everything from utilities to loans to money that you need for fun. When you know all of your expenses, you can then deduct that number from the money that you make each month. This will give you a very good idea as to how much money you have left over on a monthly basis. From there, you can probably guess at how much of a home in Cleveland Tennessee you can afford. As you can see, a budget is very important if you are going to be buying a new home. Not only will it help you to prepare for the buying process, but it will also help you once you have made a purchase. Take a few minutes and plan out an accurate budget that you can follow during the entire buying process, and let me Wayne Sherlin help you in your house buying decisions. For further information feel free to contact me by calling my work number [Contact.work_phone] and we can get started on finding a home for you. I take great pride in helping people to get into a house that fits their budget. You can also visit me on the web at http://www.ClevelandTNRealEstate.com to learn how my knowledge of the Cleveland Tennessee market can work to get you the best home at the best price. Main Content - Buyer Information Pages Tue, 04 Oct 2011 09:57:02 +0100 http://www.clevelandtnrealestate.com/buyer-information-pages/budget-your-money-before-you-buy-a-home-in-cleveland-tennessee.html http://www.clevelandtnrealestate.com/buyer-information-pages/professional-home-inspectors-in-cleveland-tennessee.html There are many home inspectors out there that you can hire to inspect your new home, but there are actually just very few of them who are truly professional. A professional home inspector in Cleveland Tennessee is one who does his job well. Not only has that, but he always made sure that he does nothing that is in contravention of the rules of his profession or with some law.Now, there are many services added in a home inspection and often these are for additional fees. However, there are several items that a professional home inspector just can’t do. These include building code or zoning ordinance violations, among others. So how can you, as a home buyer, find out if whether or not the professional home inspector is doing something he should be doing? The following are the rules by which the professional home inspector abides:Rules Aren’t Made To Be BrokenLike any other specialist working for a profession, the professional home inspector in Cleveland Tennessee is bound by the rules of his profession. One of these rules is to never do anything that is contrary to any law or code. A professional home inspector should do any work requiring an occupational license that he does not have. So when you hire a professional home inspector, make sure that he has all the proper accreditation and occupational license to do the work you require him to do.You should also try to do your part as well. Now that you know a professional home inspector is not trained to analyze building codes, you should not be asking him any questions that pertain to that regard. A professional home inspector should not say that something is a code violation unless he is certified in that field. This is because code inspections are municipal inspections and the people who do these are working with government oversight.Misplaced AdviceThe professional home inspector in Cleveland Tennessee is not an engineer. So unless he is a certified professional engineer with specific experience, he should be giving any comments on the geological stability or soils condition of the property. Neither should he give any advice on soil stability or provide an engineering analysis of a home.While the professional home inspector is expected to notice any damage or rot caused by insect settlement, his advice should not be taken in the place of a proper pest inspection. He is no professional pest control technician, and therefore, he should not be doing any inspections for termites, pests, and other wood destroying organisms. Likewise, the professional home inspector is not trained to analyze asbestos, radon, formaldehyde, lead, water or air quality, electromagnetic radiation, and other environmental hazards.No Value, No GainThe professional home inspector should not provide building value appraisal. Neither should he give you any repair cost estimates. This job falls under the functions of appraisers who are trained specifically in the process of real estate valuation. At best, the professional home inspector can only answer you according to his own personal opinion and should not be taken as the final word. For repair estimates, your best contacts are contractors and trade professionals.There is a lot of free information available to you about buying, selling or investing in Cleveland Tennessee real estate. For complete information about the Cleveland Tennessee real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Cleveland Tennessee real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at 423-618-0056 or email me at wayne@waynesherlin.com (mailto:wayne@waynesherlin.com ). Main Content - Buyer Information Pages Mon, 03 Oct 2011 23:13:45 +0100 http://www.clevelandtnrealestate.com/buyer-information-pages/professional-home-inspectors-in-cleveland-tennessee.html