Tuesday, December 17, 2013

Bluegrass Valuation Services: A Talk With Lance Shore, Appraiser

 “Optimism is the faith that leads to achievement. Nothing can be done without hope and confidence.” 
– Helen Keller

True to these words, we invited Lance Shore, a real estate appraiser and owner of Bluegrass Valuation Services, who graciously accepted our interview for this post. To many, a dream remains a dream and never gets off the ground; but to Lance, all his aspirations and hopes became a reality when he worked hard to really aim for them.

Bluegrass Valuation Services was born in 2009 as a company but Lance Shore had already been in the property appraisal business for several years. He was already working as an appraiser for another company and just decided to take things to the next level by starting his own business. The name of the company, Bluegrass, was actually taken from the state’s name (Bluegrass state), he also grew up on a street named Blue Rock Road, and his favorite color is blue. Since this is a family owned and run business, Lance opens up to say that it's really hard work but there are a lot of good reasons to be your own boss. There is a lot of competition in this industry and Lance shares that:
On a local level, competition is pretty much “par for the course”, there are several good appraisers in the area and we all compete for a limited number of local banks; not to mention national lenders. As far as regional competition, like in Kentucky for example, there’s an overall trend of decreasing number of appraisers in the industry. As a whole, there’s less and less competition but locally, it’s something like “status quo.” 
Lance shares that Bluegrass Valuation Services, as of late, has been getting a lot of business in Jefferson County. He also happily adds that historically, Hardin County ranks high up on their list for the most business that they have received. The company does a lot of appraisal business in Kentucky and the scope that they usually do is not limited to valuation services for residential properties (mortgage & finance, personal use, litigation, and portfolio analysis). They are also in the process of opening a technology division, which will allow them to offer an applications-based system in and around the real estate industry.

A lot of sellers may feel apprehensive when they need to get an appraisal in Hardin, Meade, Jefferson, Bullitt, Grayson, or Breckinridge Counties, because some think that it takes hours or that they really need to prepare. Lance happily shares that for a typical house, appraisals for personal use, the whole ordeal of getting the house "inspected" will only take about half an hour or so. For litigation purposes or divorce settlements though, he quickly adds that appraisals [the whole process] may take months.

To anyone wishing to get into the appraisal business, the process of getting certified usually takes a minimum of two years (as an apprentice or working with a superior) and current requirements now look for a Bachelors degree as the minimum. There are a lot of seminars and classes to attend and tests that one must take before they can actually venture out into the appraisal world. Aside from this, anyone is free to check out their website, it contains a lot of information that one will find very useful when getting in the appraisal business in Kentucky. Lance adds,
 “It’s quite an involved process…  it’s a very lengthy process to get into the real estate appraisal industry.” 
What many people may not know, is that Lance may be considered one of the “pioneers” in selling houses for HardinHomes.com back when they first opened in 2005. While he may have a real estate license, he is not active in the business of selling houses nowadays and keeps busy with his valuation services business located in Radcliff, KY. He tells us that the appraisal business cannot be called a lucrative business but rather a “satisfying” business.

Earning a living by working for himself since 2001/2002, he enjoys being his own boss the most. He adds that while it takes a lot of his time and keeps him busy from sun up to sun down, he really loves running the business. He personally takes care of the in-house duties and “the little things that makes running a business really hair-raising.” When asked what the biggest challenge that Bluegrass Valuation Services has faced, Lance said “the large amounts of legislature that really changed the industry for most appraisers, a lot of us had to completely retool our customer base and some of us had to start from scratch.”

When asked about what he thinks of the real estate market this year in Kentucky, Lance shares that:
The market as a whole has been fairly stable this year. Other states had been seeing a bit of appreciation since the national numbers are showing high [since the recession]. Kentucky has been fairly stable. We've seen some pockets of depreciation, but overall, it’s been pretty stable. 
Being a full-time IT student as well, his day is really loaded with a lot of work and Lance really appreciates being connected with the Radcliff Small Business Alliance. Now, if all these tasks were not enough, Lance is also actively writing a book about real estate appraisals. He says that he wants to share information with anyone who might want to get in the business and he writes this in article format. Everything from the introduction all the way down to how to run a valuation services business will be found in this book. On his website, he has written a series of articles on how the whole real estate appraisal world actually runs.

When an appraisal is what you are looking for, do not hesitate to contact Bluegrass Valuation Services because your house deserves to be appraised by the best. Check out their website at bvs-ky.com. Make sure to LIKE their page on Facebook: Bluegrass Valuation Services. You may also call Lance Shore directly at 502-264-1936.

Monday, December 9, 2013

Why Getting A Kentucky House Inspection Is Important

(Image credit to homeinspection247.com)
With the recent winter weather conditions, a lot of buyers are now being extra cautious before they close on house. Maintaining a house can get expensive if minor issues become even bigger (read: deferred maintenance). The benefit of getting a house inspected before you close on it, is that you will have a clearer picture of the value of a house and a better understanding of how the owners have taken care of the home. In this article, we will give you some insight on why this is an important step when buying a house.

House Inspections Can Save You Thousands But Only Cost You Hundreds
As a buyer, you, of course, want to make sure you get the best deal. You will be paying for the house for several years. Many homes have already had repairs, some major. You want your inspector to reassure you that these repairs have been made correctly. The typical Elizabethtown home inspection costs $300-$400 so it's absolutely worth the investment. Make sure the home inspector has a Kentucky home inspector's license.

SCHEDULING: House Inspections Do Not Take Long At All
Home inspections rarely take more than few hours. Make sure you have a list of home inspectors who work in the Elizabethtown, KY area. In many cases, you must schedule the inspection with the home inspector a few days or even a week prior to the date you want them to inspect the house.

Inspection Done, Now What?
Once the home inspector has given you his/her report, it is now up to you and the seller (negotiating through your agents) to agree on what repairs need to be made prior to closing. For minor repairs, give the seller a few days or a week to get them done. Major repairs may take some time to finish, such as a roof replacement, flooring, piping, and windows. If this is the case, you may be able to negotiate a lower price. Be sure to ask your home inspector to check the repairs once done.

Different Kinds of Inspections
Just like doctors, there are also different types of home inspectors; there are general home inspectors, termite and pest inspectors, RADON inspectors, water, oil tank, and septic inspectors. If you wish to thoroughly know the condition of a house prior to buying, make sure you get a thorough inspection and make changes and repairs as needed.

Consider House Inspectors Your Friend
Home inspectors are [should be] unbiased when doing their inspections so you should have peace of mind. If possible, you should be there while the home inspectors are inspecting and be sure to ask question.

Friday, November 22, 2013

A few 2013 Holiday Events in Radcliff KY

Monday December 2 starts the holiday off with the Festival of Trees. You can view these beautifully decorated trees at the Colvin Community Center located at 230 Freedoms Way Radcliff KY Monday through Friday from 9-5.

Saturday December 7th at 6pm is the Christmas Parade in Radcliff. The parade starts near Ollies and ends on Wilson Rd across from Walmart. Following the parade is Christmas at the Cabins located at Saunders Springs.

Monday, November 4, 2013

Buying An Elizabethtown, KY Home During The Holiday Season

Check out this house for sale near Fort Knox, KY here: http://bit.ly/1hHCnFd

There is a little real estate myth, that during the colder months, sellers are usually more forgiving when it comes to their asking prices and are actually very eager to sell their houses. Of course, that is true for some sellers but not all. Statistically, there are fewer buyers looking to buy homes in Elizabethtown during the holidays. Naturally when supply stays about the same and demand is reduced, sellers can be more flexible. Here are some tips to get you closer to that piece of Elizabethtown KY real estate you have been looking for.

When scheduling home tours during the holiday season, remember to remain flexible. Yes, you want to see the house right away, but, you have to also consider the sellers and their schedules. You should of course find a Realtor near Fort Knox, KY that will be able to make the calls and coordinate the appointments.

During the holiday season, some sellers will not put their houses on the market because they are busy with family activities. Your choice of homes for sale may be somewhat limited. Keep in mind that even if there are only a small number of homes for sale, you may still find the one you are looking for. You will also notice that there may not be much competition for the house you want.

One thing to keep in mind when inspecting a house for sale around Fort Knox, KY area is that the weather may hide some structural defects that will only be seen once the cold season ends and spring rolls around. So, make sure you are well aware of this and discuss it with your Elizabethtown KY home inspector who will be doing the inspection for you.

Check your Elizabethtown mortgage company's holiday hours because you want to be able to get the documents done as soon as possible. Keep in mind that during severe weather conditions your plans may be delayed by a day or two. Also be prepared for  the additional costs you'll incur especially during the gift-buying season.

When buying a house, remember to take your time. Carefully plan out your finances and try not to overspend during the holidays :) Good luck on your house hunt!

Friday, October 25, 2013

Finding Adventure As A Realtor In Hardin County, KY: Shirley Carr

With a ready smile and words of wisdom to share, Shirley Carr, a Realtor with HardinHomes.com, is definitely someone you will not forget. Having agreed to do the interview at such short notice, it is no wonder she is well loved by her family.

Shirley started out her Real Estate career after retiring from over 35 years of teaching at Fort Knox schools. From the way she eloquently speaks, one can easily tell she has great patience and understanding. Aside from volunteering her time with Hearts of Hope she decided selling homes with her husband, Barry Carr, who is also a Real Estate agent with HardinHomes.com was the right move after retiring. She gets a lot of advice and pointers from him and finds that working alongside each other is really wonderful. “Working with Barry is awesome; especially when I first started out because he had already been an agent for a while so he could easily help me. He does what he’s best at and I do what I'm best at. We bounce ideas off each other for strategy, for advice, and anything else, and it’s really great that we work together selling homes near Elizabethtown KY.”  

When asked about some of the challenges she faces as a Realtor, she quips that people are still trying to comprehend her being a Realtor, and not a teacher. She admits that prior to becoming a Realtor, she had never sold anything. She has already come to the realization that being a Realtor is not really a job.

Really knowing what homes are on the market and keeping up with that... realizing that you are trying to help clients find a house that they want. At first I was really nervous, and I thought that I couldn't really sell anything, I don't know anything about this, but, it’s not about selling something, it’s more about helping people find what they are looking for.
Shirley is proud to say that working with HardinHomes.com has been one of the best things ever. “We are so up to date and modern [with regard to marketing homes on the internet and using technology] that I believe we're ahead of everybody else.”


When asked about the local Fort Knox and Hardin County real estate market, Shirley says that, “Lately it’s been fairly slow; I haven’t sold many houses during the government shutdown. But, things are starting to flow again and picking up. We're seeing more activity than in the past."

For any aspiring Realtors or those who wish to get into the real estate business, Shirley shares:
The important traits are honesty, hard work, and being outgoing. Really listen to your clients and understand what it is they want and are looking for; what they're saying to you, so you can attend to their needs right away.

Because of technology, Shirley has also closed deals with people who have purchased a home near Elizabethtown without physically being there. She managed to do all the leg work, like providing tons of home photos. She becomes friends with many clients. "I have been blessed that people I have worked with have also become my friends and part of the family.”


When not busy showing homes or helping her clients find the house of their dreams, Shirley spends time with her granddaughter. She also finds time to volunteer at her granddaughter’s preschool. While volunteering, she likes to spread the word about Elizabethtown houses for sale to anyone who might interested in buying. With a busy lifestyle, Shirley is definitely keeping her schedule jam-packed.

There are more testimonials listed on her real estate agent profile page. Shirley can be contacted directly at 270-300-8444 or at ShirleyCarr@HardinHomes.com should you wish to work with her in finding that dream house of yours or simply have real estate questions.

Tuesday, October 22, 2013

Adobes Mexican Restaurant - Serving Up Authentic Mexican Dishes Daily

 “There is no love sincerer than the love of food.”  - George Bernard Shaw

Food is an important part of life, we need it to survive. Man cannot survive on just one kind food. Yes, a majority of us love our mashed potatoes, bagels, pizzas, and pastas but if  we want to make our lives more exciting, we have to try new things. We need to try different cuisines to awaken our taste buds. The good thing about the Fort Knox, KY area is that you do not have to travel far to have a taste of world cuisines. There are several different types of restaurants in Radcliff and Hardin County that serve really exciting Mexican food. Today, we take a look at a newly opened Radcliff restaurant called Adobes Mexican Restaurant, it tastes as good as it sounds.

Having just had their grand opening last month, Adobes Mexican Restaurant already has loyal customers who keep coming back for their authentic Mexican dishes. This family-run restaurant lives up to its name, serving high quality meals to their customers. The owner, Emeterio Reyes, says:
We make everything fresh always… a lot of people order fajitas, chimichangas, and grilled chicken. We have a variety of dishes.
When asked where Adobes Mexican Restaurant sources its ingredients, Emeterio proudly says that, “We get our supplies from food distributors and small time businesses. We buy from big corporations as little as possible. “

Do not be frightened by the amazing number of items on their menu because Emeterio guarantees that their prices are really affordable. He states that the dishes are all pocket friendly with prices ranging from $5.99 to $8.99.

The majority of customers are usually a younger crowd and families who can always be seen happily dining at Adobes Mexican Restaurant. They do offer discounts to military families and the fire department. Aside from that, you can easily catch Emeterio himself manning the restaurant and making sure that everything is running smoothly.

When you want to check out something new in the restaurant scene, consider Mexican food and don't forget to visit Adobes Mexican Restaurant where you will always be treated like family and your dishes are made with fresh ingredients. Adobes Mexican Restaurant is the place to go if you are feeling hungry and want great food at a great price. The crowd will always be welcomed as they happily dine on Mexican specialties that only Adobes Mexican Restaurant can deliver.

Proud owner, Emeterio Reyes, assures all his customers that they will definitely enjoy their Mexican cuisine experience and will keep coming back for more. Adobes Mexican Restaurant is open daily from 11:00am till 9:30pm. Go ahead and indulge. This is real Mexican cuisine you need to experience.

Be sure to visit Adobes Mexican Restaurant on Facebook and don't forget to click "LIKE" to get the latest news and promotions they are offering. Give them a call at 270-351-4200. They are located at 593 W. Lincoln Trail Blvd., Radcliff, KY 40160.

Monday, October 14, 2013

What You Need To Know About Closing Costs

Photo from Toolsformoney.com
Many home buyers fear being rejected when applying for a mortgage because it could mean they will not be able to continue with the home buying process. Aside from the fear of rejection from the bank, there is also the fear of high closing costs. In this article we will break it down into sections so that you can have a clearer picture of these fees. These figures are just an example, for a more detailed explanation, it would be best to contact a mortgage loan officer near Fort Knox.

The following example is for the Ft Knox Kentucky area:
Average origination fees charged by lenders: $470
Average third party fees charged by lenders: $1506
Average origination plus third party fees: $1976

Let’s say you find a house for $250,000, you will apply for a $200,000 mortgage at the bank (downpayment of 20%) the estimated closing costs are $1976. Now, let’s break this down so you will have a better idea of what this means.

The originating fees usually have in them the following:

  • Origination points (typically $0 in the Ft Knox area)
  • Application Fees
  • Document preparation
  • Broker, originator or lender
  • Processing Fee
  • Tax service Fees
  • Underwriting
  • Flood Certification Fee

The costs for the above will change but they are all pertinent and vital to the house-buying process.

The origination points are fees or a percentage that you pay to purchase a lower rate. The application fee is what you pay the bank when you are filling out your loan. The documentation fee is what you pay the bank to handle your loan application in a timely manner. The broker / originator / lender fee (which is not customary in our area) is 1-2.5% of the total amount loaned as compensation for services provided. The underwriting fee is the amount collected from you by the bank for their underwriters. The tax service fee is a one time fee to set a service that ensures the property taxes are paid on the property. Flood Certification is a one time fee to check the property against flood maps to ensure that the property is adequately covered by insurance if it is found to be in a flood plain. Make sure you talk with the mortgage lender you are working with so you have an idea of what you are paying for.

These are the third-party fees you will pay (they are still part of the total closing costs).

  • Appraisal
  • Attorney, closing or settlement
  • Credit report
  • Flood certification
  • Employment verification
  • Inspections
  • Postage/courier
  • Survey

Although much lower than the originating fees, these are still a part of the whole amount you pay. The appraisal fee is the amount you pay to the housing loan officer or the mortgage appraiser who will inspect the value of the house. They will take measurements, check out the construction of the house, and will then compare this with other recently sold homes near Fort Knox. Once they get this information, they will be able to give you an appraised value for the home. This value is how the bank decides how much they can loan. There are some good Fort Knox appraisers who will be able to give unbiased and honest opinions of value. The credit report fee, employment verification, inspections, postage, and survey fee are all minimal.

Banks have money to lend as long as customers meet a certain criteria. This is why it is always a good idea to maintain a good credit score and pay off debts before applying for a housing loan. It is also a good idea to build your savings account.

Housing inspectors around Fort Knox, KY are qualified to do inspections in Kentucky; be sure to get a home inspection to have a better chance at finding a good home (investment).

The process of buying a house can sometimes be tedious but with the help of professional Realtors around the Fort Knox, KY area, your house buying process will be a pleasant and exciting time. Good luck with your house search!

Fort Knox Mortgage Lenders

Sunday, October 6, 2013

John Taylor - Serving Clients With Perfection In All That He Does

Sounding happy while being professional, John Taylor is a Realtor with HardinHomes.com that one should not miss. His infectious laugh can make anyone’s gloomy day turn right around. John did not always think he’d be in the business of selling homes but low and behold, he found that this is what makes him happy and he said, “I really enjoy what I do.” 

Being a Realtor has its ups and downs and John shares his challenges:
Helping clients find the right home for their families, assisting in financing, overcoming issues with home inspections and property conditions.
There are hidden blessings with his chosen career path such as “being able to help people find the home of their dreams” and HardinHomes.com is a big part of that. He also gets a majority of his listings through his referral networking so he finds himself very busy managing these listings and making sure that he is always on top of them.

When dealing with hard clients, John makes sure that he treats the clients as professionally as he can and “tries to give them the customer service that he would expect as well as being polite and patient with them.”  

One question that he answered honestly was that if there was one thing about being in this business he could change, it would be the “consistency of the income.” He does make sure he is on top of his game by drawing inspiration from “people that I admire, trying to do the best in my life, being honest, and being careful.” 

As a resident of Hardin County, he pretty much knows the area like the back of his hand and can give potential home buyers all the much needed information they might ask for and give tips on the best places to dine and have fun with family and friends. 

Realtors face a lot of hardships when they are starting out in their careers. John’s top priority, however, is to always make sure that buyers and sellers alike are informed before going through with the process of buying or selling their houses. The local market in Fort Knox, KY, according to John is pretty stable.
“The local market is pretty consistent. It’s a fairly consistent market with no huge ups or downs but pretty steady… About 40% of my business deals primarily with military families.”
Always welcoming inquiries from buyers, he can quickly grant anyone’s request to tour a house they would like to see on short notice. If not, he makes sure that house tours are scheduled as soon as possible. If he really cannot make it out, he makes sure that he refers the buyers to another HardinHomes.com realtor that can help them out.

All Realtors have a specialty and John is not spared from this. He believes his magic is in selling residential homes versus commercial or multifamily.

When asked what sets him apart from other Real Estate Agents, he wholeheartedly says that,
 “At HardinHomes.com, we're all fantastic Realtors, I don't know…[not comparing himself to his fellow agents] I think I do well in my customer service, my honesty, and my ability to explain the entire process to my buyers and/or sellers and still make them feel comfortable and knowledgeable about what’s going on.”
For anyone who wants to get in the field of real estate, John’s advice is, "Be motivated and disciplined. Don't get discouraged too quickly. It takes a while to get good in this business but once you do, it’s really worth it." 

The flexibility of his schedule and the ability to control his income is what motivates John to stay in this business. When asked if he were not in the real estate business, he jokingly admits he'd want to be in movie production and advertising. 

Buying or selling homes on your own can be a really tough task; that is why people like John make sure that all the steps are looked over with the utmost scrutiny and acumen. He makes sure that the entire process is a breeze from start to finish. Don’t hesitate to contact John when you need someone to help you through the process of buying or selling your home. He is one Realtor that you will definitely feel right at home to talk with.

To sum up John in a quote, it would have to be one from Aristotle:
"Pleasure in the job, puts perfection in the work."
Judging from all his enthusiasm about HardinHomes.com, he is definitely churning out perfection in all that he does as a Realtor.

John Taylor can be contacted directly thru JohnTaylor@HardinHomes.com or at 270-765-934. Also take a look at what John's Fort Knox real estate clients have to say.

Thursday, September 26, 2013

The E2RC In Kentucky: Connecting Two Cities For Better Economic Growth And Safety

The E2RC. Photo from www.qk4.com. Used with permission. 
While many are aware that completion of E2RC (Elizabethtown to Radcliff Connector) will not be until sometime next year, the residents of Radcliff, Elizabethtown, and Hardin County cannot wait for the changes in terms of safety, ease of traffic, and a more comfortable drive.

The E2RC project started in late 2004 with just proposals and talks. Eventually, this project came to life in 2008 and is scheduled to be complete in July 2014. The construction process may have seen many delays due to the weather and the relocation of some parts, but all the sacrifice will be seen once the road connector is done.

For those who are not fully aware of the E2RC, this is the Elizabethtown Radcliff road connector that's broken down into three sections. The first section runs from 31W Bypass to Ceciliana Dr., the second section runs from Ceciliana Drive to KY 220, and the last section runs from KY 220 to KY 313. This road connector will ease up a lot of traffic, especially along those areas affected. While this is undergoing construction there have already been several businesses affected from the construction, such as True Value along N. Dixie Blvd.

The targeted total cost for E2RC is at $58.6 million and while there has been some setbacks, it is all systems go and soon all the residents around the Fort Knox area will be happily using this road connector.

One of the biggest problems along the road between Elizabethtown and Radcliff is the major congestions and traffic accidents from the daily hustle and bustle. There have also been instances where people would be advised to take alternate routes because of a major road accident. Once the E2RC is finished a lot of the traffic congestion will ease up and there should be smooth driving throughout the roads.

In terms of commercial possibilities, It is likely to happen once everything has settled down. There is a lot of potential areas within the E2RC that should welcome investors and business owners to set up shop. The land being utilized for the E2RC is mostly residential and has no major slopes. Let us cross our fingers that once this road connector has reached completion, there will be people interested in investing and keep the economy of both Radcliff and Elizabethtown flourishing. Small business owners who would like to expand or start business should also look forward to the finishing of this connector.

A police officer from the Radcliff Police Department cannot wait [for the E2RC to finish] because he would like to see less accidents along the road especially during the cold winter months.

Aside from the commercial point of view for the E2RC, there are also plans to develop some areas into new residential communities and this is great news, no matter where you choose to live (radcliff or Elizabethtown) you will still be close to both communities.

The E2RC, has already been given a new name with the blessing of  the Public Works Committee under the Hardin Fiscal Court. Elizabethtown has already accepted the new name as Patriot Parkway. Meetings will still be held in Radcliff to see if this name should stay or not. The bulk of the road connector will just run through small areas in Elizabethtown and Radcliff but business will be affected and everyone is hoping for a favorable outcome once this reaches its completion.

While this E2RC is a limited highway, there have already been talks whether they should include more lanes and more turns to further enhance the traffic system that will be in place between Radcliff and Elizabethtown.

Mr. Randy Acton of Semonin Commercial Properties and also a resident of Hardin County says that: “Well, for sure the traffic flow will be better especially the traffic along the Dixie Highway.”
There are still months before this is all done but remember, Rome wasn't built in a day so let’s all hope for the best once the E2RC is completely finished.

Tuesday, September 24, 2013

The Importance Of Home Inspections

Nightmare in outlet plugs....
(Picture grabbed from StarTribune.com.) 
Every home buyer or seller in Fort Knox, KY knows that a house inspection is crucial to getting a house sold or bought. But, have you ever wondered how important this step of the home buying process is? Getting the house inspected before you buy it is vital. Maintaining a house is expensive and the earlier repairs and replacements are made, the more affordable they are. Always hire the services of a professional home inspector around Fort Knox, KY so that you will be able to get an unbiased opinion.

Disclosures From The Seller 
A lot of states require sellers to be upfront with the physical condition of their house and relay this information to the buyer. In fact, some states even require sellers to include information such as the type of paint used and other hazardous chemicals that may be around the house. If you are planning to sell your house, make sure to get some issues cleared before offering it up for sale. Now, if there are some painting repairs that need attention, check out InsideOut Painting that services around the Fort Knox, KY and beyond. On the other hand, as a buyer, you must take extra precautions as to building materials used and if the basement floods during the rain season.

What Goes On During An Inspection 
Once you hire a professional or a couple of professionals to do a thorough inspection of the house, they will scrutinize every little detail of the property. Electricity and gas appliances will be thoroughly inspected and made sure all are up to date and no fixtures will become a danger to you. If there are some electrical repairs that need to be done, you may check out the services of Matt Williams Electric here. Some inspectors even ask for the floor plan and carefully pore over the details such as the foundation of the structure and the angles of some beams.

The list of things you must disclose may be a long one but do not despair as there are some items you do not have to list at all such as pests, rodents and termites around the house. You can always hire a professional exterminator around Fort Knox, KY to have that taken care of.

Hiring a professional inspector may already be a hard task but you can make this easier on yourself by making sure that the company you hire is affiliated with either the American Society of Home Inspectors (ASHI) or the National Association of Home Inspectors (NAHI). By doing this, you know that the business will adhere to industry standards and practices.

Special Inspections According To Where Your House Is Located 
Aside from furnishing this inspections report to the buyer or seller regarding the house for sale, there are some special inspections you may also have furnished. These inspections are whether the land or lot where the house is located is flood-free or flood-prone; away from danger areas and industrial farms; even reports on whether the house stands on an earthquake target zone. Having all these inspections done can become costly so choose which ones you really must get done. There are a lot of reliable and affordable housing inspectors around Fort Knox, KY. As a buyer, it is always a good idea to really investigate the house you will be buying because, you've probably heard this time and time again…

The purchase of a house is among the BIGGEST purchase you will ever make in your entire life. 

After The Reports Are Done, What To Do Next? 
Once all reports have come in and they are all under good reviews, then you can breathe a sigh of relief knowing that you will be safe from any dangers when buying the house. Of course, there are still acts of God that might happen that you don't have control over, but that's another story.

Buying or selling a house does not have to become such a tedious process as long as you partner with a really competent Realtor or real estate company in the area. These professionals will be with you throughout every step of the house buying or selling process. These are the people you can always lean on and ask for help in case you get stuck during this process.

Wednesday, August 28, 2013

Buying A House On Cash Or Through Bank Financing: Which Way To Go

Now that the real estate market is back in full swing, there is now a growing market for first time home buyers who want to take a bite and become home owners. Being a first time home buyer, there are so many questions to be asked. Even where to start becomes a question when it comes to buying a house and lot. One of the biggest factors in considering which house to buy is the available financial resources you currently have and the amount of money you can put into the monthly mortgages. For some first time home buyers, it can be really hard to secure a housing loan because they do not have collateral they can use to secure a loan or their credit ratings are not up to par yet with the minimum requirements set by local commercial banks. So, with this in mind, they start to shy away from buying a house and lot. For other people, they have already set a good amount of savings in their bank accounts and have made enough sacrifices to buy that first house to call their own. Is it better to buy a house using cold cash or through bank financing?

Buying A House Using Cash 

If you already have a sizeable amount of money saved and ready to splurge on that first house and lot, now would be the best time to check around property listings so that you know current prices of houses for sale in your chosen area. As a good tip, make sure to choose an area that you think you would want to live in and compare houses around that area. See the lowest priced homes and the most expensive ones. When you are able to compare the prices of houses for sale, it will be easier for you to decide how much you actually want to spend. A plus when you buy houses on cash is that most sellers will likely shave off a few thousand dollars from their asking price and everything will be easier to settle. 

Buying A House Using Bank Financing 

This is by far the most common way to buy a house these days because honestly, most people are not willing to part with a lump sum of money right away or they do not have the huge amount in their hands. Do not worry because this is perfectly fine. As a tip, make sure to contact a licensed real estate agent in your chosen area so that they will be able to help you out throughout the whole process.  You will also have all your questions answered thoroughly by them. It would also be best to write down everything on paper about any questions you come up with and even discuss these with the bank representative who will be handling your housing loan application. Be prepared to deal with a ton of paperwork and filing and also to give ample time before your loan gets feedback. 

Buying a house and lot is always a huge purchase; therefore, do not feel let down if some steps may be taking too long or your housing loan takes forever to be approved. Use this time to clear out your house and even set up a garage sale if you are sure that you will be moving out soon. Good luck on your house hunt!