Archive for February, 2014

Tools to Use for Comparative Market Analysis

Friday, February 28th, 2014

When you’re selling your home without a realtor, you need to do your own research in order to price your home. Comparative market analysis is used to determine the current market value of your house. Price too high and buyers will be turned off, but price too low and you won’t be getting the full value of what your home is worth. The following tools will help you perform a comparative market analysis to price your home. The more sources you have available, the better you’ll be able to determine what a fair price is.

 

Property Tax Records

Property tax records are available to the public online, allowing you to search for recent sale prices of similar houses in your neighborhood.

Building Permit Records

You can also find building permit records online which allow you to see what kind of improvements homeowners in your area with similar homes have made, such as additions.

Federal Housing Finance Agency

The FHFA’s website has several tools for your to use for comparative market analysis. Their price index shows home value trends for metropolitan areas, which you can use to get a feel for the current trend in your market. Their house price calculator allows you to input the purchase price for a house in a metropolitan area, which it uses with the price index to calculate the likely market value. However, this does not take into account improvements or individual sale situations.

 

If you’re looking for For Sale By Owner (FBSO) assistance in the Baltimore metro area, contact American Home Title Group.

 

for sale by owner assistance Baltimore

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

Source

http://www.forsalebyowner.com/education/selling-your-home/pricing/593-do-it-yourself-comparative-market-analysis

 

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Gift, Deed-In-Lieu of Foreclosure, and Tax Deeds

Thursday, February 20th, 2014

In a recent blog we discussed grant, warranty, and quitclaim deeds, all of which are used to give ownership of a property to the holder of the deed for that property. In this week’s blog we’ll cover some of the lesser known types of deeds that are not used as commonly but still may apply in certain situations. These include gift deeds, deeds-in-lieu of foreclosure, and tax deeds.

Gift Deeds

Gift deeds are used to transfer property without money. Gift deeds are commonly used when property is transferred between relatives.

Deed-In-Lieu of Foreclosure

This deed may be used when the seller of a property is under threat of foreclosure. The seller may ask the seller to accept the deed-in-lieu of foreclosure to avoid foreclosure.

Tax Deed

Tax deeds are used when the home is sold to pay unpaid property taxes.

 

types of property deeds

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

Source

http://www.realtor.com/home-finance/homebuyer-information/deed-preparation-and-real-estate-transfer.aspx

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The Advantage of For Sale By Owner

Friday, February 14th, 2014

Selling your home without the help of a realtor, also known as a for sale by owner (FSBO) is not as uncommon as you might think. In fact, over the past four years more than a quarter of all buyers and sellers were active on the market with little or no help from real estate agents, according to editor of REAL Trends Steve Murray. Furthermore, about half owners who wanted to sell their home without a realtor were successful, and only 5 percent ended up enlisting an agent.

The data shows that you have a good chance of success if you choose a for sale by owner, but make no mistake, it’s no guarantee. You are essentially doing the work of the realtor yourself, and you’ll have to spend some money in that capacity on everything from newspaper ads to signs, flyers and brochures. It’s a significant time commitment too, but worth it if you want to make it happen.

Once you find a buyer, the paperwork begins. At this point, if you’re not familiar with the process, you may want to consider for sale by owner assistance from American Home Title Group. We can ensure that the contract is drafted correctly and guide you through the process so it goes off without a hitch. Don’t let all your hard work on finding a buyer go to waste because you’re not well-versed in real estate law. Contact American Home Title Group today for for sale by owner assistance in Baltimore.

 

for sale by owner assistance Baltimore

 

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

Sources

http://home.howstuffworks.com/real-estate/home-sales-by-owner1.htm

http://www.forsalebyowner.com/education/index.php/selling-your-home/the-basics/113-5-things-to-know-before-you-sell-your-house-yourself

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Types of Property Deeds

Friday, February 7th, 2014

A property deed is a physical, legal document that conveys ownership of the property to the holder of the deed. Your Baltimore title company can help you prepare and transfer your property deed for a real estate transaction whether you are the buyer or seller. There are several types of property deeds, which we’ll cover in this blog.

 

Grant Deed

The grant deed “states that the property has not been sold by the seller to anyone else and that the property is not burdened by any undisclosed encumbrances (e.g., a mortgage or lien). The word grant comes from the idea that this deed grants transfer of the title from the owner to the buyer.

Warranty Deed

The warranty deed is similar to the grant deed, but also includes a clause stating that the owner essentially guarantees there are, nor have there ever been in the history of the property’s ownership, no encumbrances on the title. The owner will compensate the buyer if title issues do arise.

Quitclaim Deed

The quitclaim deed says that the seller of the property quits the claim they have to ownership of the property. It doesn’t not transfer their rights to the property to the buyer, so much as it gives up those of the owner. Quitclaim deeds are used more often when properties are transferred among family members or corporations.

types of property deeds

 

American Home Title Group has been helping Marylanders with their title needs for over 25 years. In the ever-volatile real estate industry, a company’s longevity can be attributed to the quality of its work. With more than 120 years of experience in real estate and titles, American Home Title Group is your Howard County title company ready to provide you with the best experience possible in every capacity.

To get you started on the way to titling your home, try our free title settlement quote program here. You can fill it out for a free, no obligation title quote. It’s easy and fast so you’ll have the information you need in seconds. Contact us for more information about our title and other real estate services.

As your Howard County title company, American Home Title Group is ready to assist you today with a variety of real estate needs you may have. Contact us now to begin your home titling process. Our phone number is 410-750-8500. To reach us via email, please send a message to info@americanhometitlegroup.com. Follow our blog and keep up with us on Google+, Facebook, and Twitter.

 

Source

http://www.realtor.com/home-finance/homebuyer-information/deed-preparation-and-real-estate-transfer.aspx

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