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Lance Christmas | Angstadt Realty, brokered by EXP Realty Blog

Tuesday, May 22, 2012   /   by Lance Christmas

Warranty Deed vs. Quit Claim Deed

When you’re in the process of selling (or purchasing) a house, you will most likely, encounter several kinds of documents: all with different names and with different uses and functions. Two of the most misunderstood documents are the warranty deed and the quit claim deed. Many think that these two forms are alike, but they are not.

A warranty deed is a document which the seller presents to you and is used in majority of all sales transactions. The warranty deed simply states that the seller owns the property being sold and that it is free from any sort of liens. By presenting a warranty deed, the buyer is assured that the holder of the title has the legal right to transfer ownership of the unit and is assured that no one (financial institution or other creditors) would come after him to make a claim on the property. In the eventuality that someone does lays claim to the property that has just been purchased (or that the claims stated in the warranty is erroneous), the buyer is furthe. ...

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Friday, May 18, 2012   /   by Lance Christmas

3 Pitfalls to Avoid When Playing in the Real Estate Game

So you’ve seen your umpteenth infomercial with the guy in his neatly pressed button-upped white T-Shirt grinning ear to ear waving his rock-solid no-money-down rags-to-riches real estate investment course for 3 easy payments of a gazillion dollars (but only if you call now) and now you are thinking, “wow this looks like a great deal, I better get it fast before the special offer expires.” You notice how there’s always a special offer? Anyway, I am not saying this guy isn’t telling the truth, however regardless of which course or school of thought you buy into there are several key areas that one must avoid when engaging in any real estate related transaction.

Pitfall Number 1: Don’t Overpay!

The whole point in investing is to find properties that are undervalued. How does one find out what is undervalued versus overvalued? Without getting into technical details, the bottom line is you need experience. Yes much like shopping for anything else, real estate is essentially one of the hig. ...

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Thursday, May 17, 2012   /   by Lance Christmas

Budget for Closing Costs – Loan Origination Fees and PMI

Once you reach an agreement on the purchase of a home, things start moving quickly. In the chaos, it is important to remember to budget for closing costs.

Budget for Closing Costs – Loan Origination Fees and PMI

Closing costs are fees associated with miscellaneous events associated with a home purchase, things such as property inspections. Even if you are purchasing a home for the first time, you are probably aware there are closing costs that have to be paid. Rarely, however, are you aware of just home much and how fast the can accumulate. If you have not budgeted for them, they can put a kink in the closing or even cause you to lose the home.

A couple of closing costs to keep in mind are origination fees for home loans and private mortgage insurance. The mortgage related costs are only a small part of the overall closing costs you can face, but deserve a closer look.

Origination fees for home loans can be a shock to first time buyers. Few realize they are going to have to pay suc. ...

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Sunday, April 15, 2012   /   by Lance Christmas

PATIENTS IN THE REAL ESTATE MARKET

One ?f th? m??t common reasons wh? th?r? ?r? a lot ?f people wh? ?r? having problems wh?n ?t comes t? investing ?n th? real estate market ?? th?? th?nk th?t ?t w?ll b? very easy f?r th?m t? find th? best property, wh??h ?? d?f?n?t?l? n?t tr??. Th?r? ?r? a lot ?f things th?t ??? need t? d? ?? ??? want t? b? successful wh?n investing, ?nd one ?f th??? ?? t? b? patient wh?n searching f?r a real estate property. In th?? article, w? w?ll b? discussing ??m? ?f th? things th?t ??? need t? consider wh?n looking f?r a property th?t ??? ??n ??r?h???, ?nd wh? ??? always need t? observe gr??t patience.

Th?r? ?r? a lot ?f people wh? w??ld want t? invest ?n th? market thinking th?t th?? w?ll b? ?bl? t? easily find th? property th?t ?? perfect f?r th?m ?n terms ?f location, amenities, ?nd price. S? whenever th?? w?r? frustrated f?r th? first time, th?? th?nk th?t th?? won’t b? ?bl? t? g?t th? best property f?r th?m. Keep ?n mind th?t th?r? ?r? a lot ?f opportunities t? invest ?nd ?f ??? weren’t ?bl? ...

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Fredericksburg, VA 22408
540-322-3004
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1320 Central Park Blvd,
Fredericksburg, VA 22401

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