Hello my friends hope you find my content use full and handy as well important. My focus is entrepreneurship basics but from time to time I will throw in some do it yourself home care repair information,to product sampling and some social media goodies. So I really hope you find my info handy and please leave me your comments so I can better help us all. You can also send me an email with any question. thanx for visiting please come by again but first read my post:')

Sunday, April 15, 2012

Buying A Home 101

   Hello friends Fernando here once again hoping to help you purchase that home of your dreams without feeling #clueless... Well they say buying your first home is the biggest expense you will ever make, I'm hoping to help you out in making it a little less stress full. I will give you advice as well as tips and things to look for while looking for that special soon to be sweet home.
   Before you go out and start looking for a property, I first advice you to take a good look at your finances and how you  plan on paying for the property. I suggest you go to a financial institution and get Pre-Qualified, there they will let you know what you can afford according to your financial status. They will evaluate how much money comes in to your home and how much goes out which is how much you and say your spouse make a month and how much you owe (bills) out of what ever comes in, Gross - (minus) Expenses. The next thing to consider is what amenities or attributes you are looking for.How much living square footage do you need and the total square feet of all the property. For example how  much living space does your family need, how many rooms do you need, how many bathrooms, 1 or 2 car garage, a big yard or none at all stuff of that nature. Also be aware of the surroundings like the neighborhood, is it close to a freeway, close to a school, how about shopping strips, public transportation.Trust me if you don't have cash to pay for your new house and smart people wont pay cash either you want to go get Pre-Qualified. Reason being is that you don't want to fall in love with a property and come to find out you don't qualify and some one else beats you to the punch not a good feeling. If you get Pre-Qualified you have a better idea of which homes to consider or look at and the process is done much faster.

   Things to consider when evaluating your property of choice.
*Physical Attributes  (single or two story)                    *Time House on Market
*Existing Financing  (how much is owed on it)            *How Long Seller Owned House
*Asking Price                                                                 *Why is Owner Selling
*Sellers-Assisted Financing (carry back available)

   What to Look Out for on the Inside:
*Floors *Walls *Windows (open and close them) *Light Fixtures *Trim *Breaker Boxes *Type of Heat *Cupboards *Counter tops *Flush Toilets *Water Pressure (turn on all faucets in the house make sure pressure is not weak) *Storage Areas *Carpeting *Wallpaper *Quick Fixes
*Water Heater *Stair Conditions *Bathtub/Vanities *Door Conditions *Water Damage and or Leaks *Closets *Sinks *Cracks on Walls or Floors *Fire Place *Plumbing(water drains) *Insects(ants, roaches, mice, termites, etc. Ask if any Appliances are included and check to see if they work.

   What to Look Out for on the Outside:
*Roof *Windows *Doors *Trim *Garage *Chimney *Yard *Well *Septic Tank (typical if out in the country side) *Sprinkler System *Driveway *Porch *Fencing *Steps *Light Fixtures  *Landscaping *Huge Trees close to home can become a problem *Cracks on Foundation Inside and Outside. *Swimming Pools (if pool does'nt have a gate around it your insurance might be high) *If it has a garage door open and close it, making sure it's working properly.

   Other factors to keep in mind:
*Liens (Ask if there are any liens you should be aware of)
*Back Payments (Ask if there are up to date on payments)
*Back Taxes (Ask if any back taxes are owed)
*Closing Cost  (Ask who is to pay closing cost most do a half and half)
*Estimated Costs to Sell
*Fix-Up Maintenance
*Real Estate Taxes (Ask if their up to date on property taxes) <==== A Must

  Also a few things to consider would be the neighborhood, what are the rent rates, is transportation available (bus routes, train routes etc), how far away are the schools for your children, are there more renters than owner ocuppied, were are the freeways, are there airports near by (noise can become a problem), how about shopping?

 I Hope I was helpful GOODLUCK!!!

Monday, April 2, 2012

Car Buying Checklist

1. Check miles and compare by the year of the car the average is 15k miles a year on a high estimate. Example if the car is a 2005 then times 15,000 by 7 = 105000 again on a high estimate.
2. Check the vin (vehicle indentification number)  number its on the driver side on top of the dashboard were the dashboard meets the windshield and check that they match the registration.
3. Check registration make sure its up to date.
4. Check for oil leaks on floor while parked before you take it on a test drive check for oil on top or around motor.
5. Check tires to for weird patterns in baldness make sure their all wore out the same or more or less the same.
6. Make sure it doesn't shake at a stop sign or red lights.
7. Check features like warning lights on dash board work, like the low oil warning, low water warning, and even the check engine light.
8. While driving make sure the gauges work like the gas gauge, the oil pressure gauge and the speedometer.
9. Make sure car runs straight and gears change accordingly.
9. Check a/c and heater work.
10. Check all power features work  like the power windows, power seats, cruise control, lights signal lights, high lights etc.
11. Check water level, motor oil level, transmission oil, and all others fluids make sure their clean and if its low on any fluids ask why.
12. Check it out psychically check for broken windows and or dents.
13. Check for noises when turning it on and while driving.
                      Questions to ask:
1. Why is it for sale?
2. Is it salvaged?
3. Is any money owed on it to a financial institution?
4. Ask for the pink slip? If they aint got it some thing is wrong they might owe money on it.
5. Ask if it will pass smog? Or when was the last time it passed smog?
6. Ask for most recent repair receipts if available.