10 Characteristics of A Home Business ProfessionalWritten by Kelly Lowe
Home Business Professionals are unique people. We are all very different people, with very different personalities and thinking processess. However, all successful home business professionals have following characteristics in common. 1. Home business professionals are usually leaders, not followers. We like to set standards, not adhere to them. 2. Home business professionals are always looking for new and better ways to do things. We believe that there is always a better, more effective way to get things done, and we seek to find it. 3. Home business professionals are very open-minded. We never say that an idea won't work without looking at all facts, and if possible, testing theory in question. 4. Home business professionals are generally very organized. We are our own bosses. There is nobody to tell us when, or how, to get things done. It is something we must do for ourselves, and being organized is usually first step in getting things done effectively. 5. Home business professionals are hard workers. We know that starting a business is hard work, with long hours. However, we know that eventually, we will be able to work fewer hours and enjoy same success. However, we do understand that work will always be involved, even if hours are shorter.
| | Things Your Mother Never Told You: Closing CostsWritten by Elaine VonCannon
Buying or selling a home can be one of most life changing decisions a consumer makes. Being educated about real estate process and investigating things you don’t understand is essential. Working with trustworthy and communicative real estate professionals is important. A lot of money is on line when purchasing or selling a home, so be sure to ask questions when you need to about charges, fees or other issues.You Gotta Have Faith! Three days after an initial application has been submitted lender must provide a Good Faith Estimate of settlement costs (GFE). The GFE is a list of closing charges and HUD settlement statement you receive at closing is confirmation of these charges. Carefully review GFE costs and question anything you do not understand. When you receive HUD statement charges and fees should be familiar to you and reflect GFE. There shouldn’t be any closing cost surprises. If GFE and HUD costs do not match these issues should be addressed immediately. Discuss cost discrepancies with your REALTOR and a lender representative. Any costs not disclosed on GFE can be argued against and removed from HUD. Closing Costs 101 The first page of a HUD shows buyer what matters most, exact amount due at closing. Charges associated with a loan are broken down into sections. Lender costs include fees for origination, discounts, appraisal, credit reports, underwriting and processing. Closing and title costs cover charges from third party closing agent and for title search, insurance and recording. Taxes will be listed and fees associated with deed. The buyer may also create an escrow account holding prepaid funds so taxes and insurance payments are made on time by lender each month. The REALTOR commission will also be listed, along with survey fees, if necessary. Financial Responsibilities of Seller At closing, seller also has financial responsibilities. The seller pays sales taxes and lawyer, titling and commission fees. If necessary seller is held accountable for outstanding Home Owners Association fees, termite and moisture inspection charges and well water and septic testing. Repairs that need to be done to property will be taken out of seller’s proceeds. Liens owed by seller must also be paid, including tax liens. The seller must insure home until deed to property is recorded a few days after closing. The buyer must have insurance activated on closing date. Invest and Save Money
|
