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Tip Sheet: Four Preventative Measures for a Tenancy

Posted on August 03, 2017 by James Florence

While part of preparing a rental property for market is getting the physical space move-in ready, the other part is addressing non-physical details such as tenant screening. Due to the potential consequences of oversights or poor decisions in this area, it’s important to take a meticulous, preventative approach. To learn a few critical steps, read the following tip sheet by Diamond Certified Expert Contributor Sam LaPlaca of CM Property Management Inc.:

1. Verify income. Accepting a tenant who can’t afford the rent is a mistake that can cost you a lot of time, money and frustration. That’s why, in addition to asking for pay stubs and bank statements, Read more

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How to Prepare a Rental Property for Market

Posted on August 01, 2017 by James Florence

If you own a rental property that has recently been vacated, you’ll need to prepare it for going back on the market. While this primarily consists of cleaning and basic maintenance, a vacancy also provides an opportunity to increase the property’s value and maximize your investment. Here are some steps to consider:

Address maintenance needs. Four to six weeks before your intended market date, make a list of maintenance items that need to be addressed. This should include standard maintenance measures like cleaning the carpets as well as deferred tasks such as fixing a roof leak or broken window blind. It’s also a good idea to have preventative HVAC, plumbing and pest inspections performed during this time. Read more

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Video: Pre-Sale Inspections in Real Estate

Posted on June 15, 2017 by James Florence

Earlier this week, we posted an article featuring expert tips on preparing to sell a real estate property. One of the aspects mentioned was the advantage of performing pre-sale property inspections. To learn more about what makes this a worthwhile step, watch this informative video by Diamond Certified Expert Contributor David Kerr, partner at Kerr & Jones – Terra Firma Global Partners.

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Diamond Certified Experts: Selling a Real Estate Property

Posted on June 13, 2017 by James Florence

Whether it’s an investment property or your family home, selling a real estate property is no simple undertaking. Besides the high stakes involved, there are various logistical steps to address, from sprucing up your property’s appearance to planning your marketing campaign. To help you make the most of your property sale, we’ve asked five Diamond Certified Expert Contributors in the real estate field to provide some tips.

 

Presenting your property

When selling a real estate property, you’ll need to get it looking its best in order for it to stand out in the competitive Bay Area market. This consists of several steps, most of which fall under the category of “staging,” an industry-specific approach to home presentation. Read more

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Diamond Certified Experts: Applying for a Mortgage Loan

Posted on March 14, 2017 by James Florence

When preparing to buy a home, it’s natural to be preoccupied with thoughts about your future residence. However, it’s important to not overlook the more technical (read: less exciting) aspects of purchasing a property, such as applying for a mortgage loan. Getting approved for a home loan has always been an involved process, but since the subprime mortgage crisis that preempted the 2008 recession, it has become even more rigorous, so you’ll want to be well-prepared. We asked four Diamond Certified Expert Contributors to give their tips for making the most of a mortgage loan application. Read more

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How to Shop Online for a Home

Posted on January 31, 2017 by James Florence

If you’re like most home buyers nowadays, you probably started your search online, but what you found may have raised more questions than answers. This is because consumer-oriented portals (i.e. real estate websites like Trulia and Zillow) operate in very different ways and, consequently, can produce very different results. By gaining an understanding of how listings are published online, you’ll be able to avoid common pitfalls and shop for properties with greater accuracy and efficiency. Read more

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Maximizing Your Credit Score for a Home Purchase

Posted on November 03, 2016 by James Florence

If you’re planning to purchase a home in the near future, you’ll need to address your credit score beforehand. A credit score is a three-digit number ranging from 350 to 850 (with 850 being the best) that lenders use to evaluate an individual’s capacity to repay a loan. Consequently, your credit score will play a central role in determining the kind of home loan and interest rate you get approved for—and whether you can get approved at all. That’s why it’s important to be proactive about maximizing your credit score long before you apply for a home loan. Here are some tips on how to do so:

Find out your credit score. Many people assume they have good credit, Read more

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