Is It Possible to Reduce Closing Costs?

 



SA Realty Watch Group
Keller Williams Realty
210-232-2310 Cell
www.sarealtywatchgroup.com
randy@sarealtywatch.com
License # 525639

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What Is a Quit Claim Deed? A quitclaim deed is a legal document that is used in transferring property from one owner to another. It transfers all the assumed ownership rights from the grantor to the grantee but with no assurances as to what the transferred property rights are. Unlike most property transfer deeds, it doesn’t make the grantor liable for any future actions against the title to the property. Since a title search is not required, a quitclaim deed action takes very little time and comes with no guarantees that a property is free of liens or encumbrances.

A common use of a quitclaim deed would be to move property from one family member to another or into a trust. In other family matters, quitclaim deeds are effective for simply removing a spouse from the title or a homeowner giving up the title in order to add a new spouse to the title.

Quitclaim deeds can also be a simple way to clean up title errors by removing names that show up in title searches in error.

Is It Possible to Reduce Your Closing Costs?
A large part of the cost of buying a home is the amount of funds it will take to close the sale. The good news is that the amount of your closing costs can be negotiable. Since closing costs on a loan can total 3-6% of your loan amount, it would be beneficial to try and get them reduced.

When you apply for a mortgage, the lender will provide a loan estimate outlining what your approximate closing costs will be. The loan fees will include everything from the loan origination fee to homeowner’s insurance and your down payment.

You can lower your down payment to reduce your closing costs, but keep in mind that a lower down payment can result in having to pay mortgage insurance. You can also choose to negotiate to pay fewer discount points for your loan, so that your closing costs could be significantly less. Your interest rate will be higher as a result. Paying a higher interest rate may allow the lender to rebate some of your closing fees. The trade-off is that it will cost you more over the life of your loan.

You can’t make closing costs go away, but having an open conversation with your lender may help you in reducing the cost to buy a home. Additionally, some sellers may adjust the sale price of their home to you in exchange for paying some of your closing costs.

Call or email me, and we can go over these possibilities in more detail and help reduce your closing costs.

Are You a First-Time Buyer? Get My Free Guide

Buying your first home is a big step, and one that is likely to impact your financial future for years to come. Make it easier by requesting my free guide, “How First-Timers Can Make a Wise Buy.”

Just reply to this email and I’ll send it right out to you.


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Small Things You Can Do to Make a World of Difference
What’s going on with the world’s climate is such an enormous and complex issue that it can sometimes feel like we, as individuals, are helpless in the face of such a grave situation. However, a newly published research paper may help change that thinking.

The joint report from independent groups The Jump, ARUP, and C40 Cities has found that everyday individuals can directly influence 25 to 27 percent of the emission reduction required by 2030 to avoid an ecological catastrophe. We clearly have much more control than we realize. According to the research, here are a few things you can do to do your bit.

Eat plant-based. Switching to a plant-based diet can contribute towards 12 percent of the emission savings required by North America and Europe.

More vintage, less fast fashion. Shifting towards retro fashion from vintage clothing stores rather than always buying the new trends can help cut six percent of emissions.

Holidays by train. Taking the train when possible instead of flying to your vacation destination can help reduce emissions by two percent.

Keep and repair electronics. Using your electronics for the full duration of their usable life spans rather than upgrading every time a new model is out makes an enormous environmental difference.

Use your voice. The remaining 73 percent of emissions are in the hands of industry, government, and corporations, but we as citizens can take action to speak up, encourage, and support shifting towards a greener, more sustainable future.

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Wondering What’s Happening in Your Neighborhood?
How has the price of your home changed in today’s market? How much are other homes in your neighborhood selling for?

These are all critical questions that shouldn’t be overlooked when thinking about buying or selling your home. Whether you’re curious about prices in your area, whether it’s an excellent time to sell, or just need an expert to answer your questions, I can give you the tools and offer guidance through the entire buying or selling process.

Let me know how I can help by simply giving my office a call at 210-232-2310 to set up a time to connect.


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Zucchini Parmesan
This easy-to-prep dish will be a delicious addition to any summertime meal.
Serves 6

Ingredients

4 medium zucchini, sliced
1 green pepper, diced
1/2 onion, julienned
1 teaspoon minced garlic
1 cup fresh cherry tomatoes, halved
1 teaspoon of salt
1/4 teaspoon of pepper
1 teaspoon of oregano
1/4 cup grated Parmesan cheese

In large skillet, sautee zucchini, green pepper, and onion in oil until softened.

Add garlic. Cook 1 minute longer.

Stir in tomatoes. Season with salt, pepper, and oregano.

Simmer uncovered, until excess liquid is evaporated.

Sprinkle with Parmesan cheese.

Serve.

To turn this into a main dish: add mozzarella and bread crumbs then broil until golden brown, or add 6 ounces of linguine (cooked al dente) then stir through.

Simple Yard Improvement Ideas that Will Increase Home Value
Yard improvement doesn’t have to be complicated for you to get the benefit of up to $4 in increased value for every dollar you spend, according to the Remodeling Impact Report from the National Association of Realtors. Here are a few ideas to help increase the value of your home.

If you are comfortable with DIY projects, make and install flower boxes. Prefab boxes will be just as successful when filled with colorful plants. The curb appeal of your home will immediately liven up.

Trim out your mulched flower beds with rock borders to help contain the mulch. Adding rock and mulch around your foundation will help divert water away from your home’s perimeter. This DIY project can be taken further by creating rock stream beds. Trench the ground and fill the spaces with rock to take water where it won’t be destructive. Done properly, the result will also enhance the overall look of your landscaping.

To visually tie together the different areas of your yard, install pavers or stepping stones to get from one area to another. Lighting these pathways will bring you the best return on dollars spent and give your home personality at night.

Be sure to care for all of your plants because they add more value to your home as they mature. The return on your investment in a yard full of healthy flowers, plants, and trees will never be in question. You also get to enjoy the color, fresh air, and shade that vegetation brings.

If creative DIY landscaping projects are not your thing, then be sure you at least fill your outdoor space with a well-maintained lawn. Bags of fertilizer can be purchased for between $30-60, depending on the size needed.

Contact me for other simple yard improvement ideas that will increase the value of your home.

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How to Lose Gracefully (and What It Does for You)
Any form of losing out on something can be demoralizing. Whether it’s on a large scale, such as a sporting cup final, or on a smaller one, like when you’re beaten to the last cookie in the jar, no one really likes being the loser. But there’s one surefire way to completely avoid ever being a loser: changing your mindset around losing.

As children, we were much more open with our feelings of disappointment, whether that meant bursting into tears or running to a parent for comfort. But as adults, through social conditioning, we’ve attached shame to open shows of disappointment; things like openly weeping in a public space or having a time-out in the corner of the office are not always seen as socially acceptable.

As a result, we don’t allow ourselves to process disappointment, which can lead to us failing to take ownership of our shortcomings. Allowing yourself the emotional space to feel disappointment after a failure can help you to comfort yourself, recognize where you went wrong, and, in turn, stop you from shifting blame to someone else.

Another important mindset to get into is one of growth. If you’ve had a loss or failure on a large scale, the natural human instinct is very often to focus on what you lost rather than everything you had achieved up to that point. Focusing solely on your failure can stop you from noticing what you might actually have gained from the situation.

So treating each loss as just another step on the path of life helps you to use your experience to build towards something even better next time around while appreciating things you might otherwise have taken for granted.

 

This newsletter and any information contained herein are intended for general informational purposes only and should not be construed as legal, financial or medical advice. The publisher takes great efforts to ensure the accuracy of information contained in this newsletter. However, we will not be responsible at any time for any errors or omissions or any damages, howsoever caused, that result from its use. Seek competent professional advice and/or legal counsel with respect to any matter discussed or published in this newsletter. This newsletter is not intended to solicit properties currently for sale.

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