Afonso Real Estate

Posted by Afonso Real Estate on 3/14/2018

When you think of buying or selling a house, the first thing that comes to mind may not be the legal aspects associated with the process. You may want to reconsider this rather boring part of the process as an important one. Hiring a lawyer can help both buyers and sellers to get through many hurdles that buying a home can present. 

The Contracts

There will be many negotiations and a lot of back and forth throughout the process of buying a home. Everything thatís involved with buying a home needs a contract for it to be legally binding. A real estate attorney will negotiate on your behalf and be sure that the contracts adhere to all state and local laws. The lawyer will also help you to address issues that may affect the future of the property such as botched inspections, liens against the home, and other items that could affect you as the home buyer. 

Title Search

Real estate attorneys will perform what is called a title search. This allows them to see if there are any outstanding liens or judgements against the house. This title search will also make sure that the seller has the right to actually sell the property thatís being sold. An attorney can do all of this much quicker than the average person since they have working relationships with title companies.

Transfer Of Property

If a property is being transferred through a corporation, trust, or partnership, things can get complicated. Itís good to have an attorney who is used to working with these complex situations and understands the legal boundaries within the state or municipality   that the property is in.

If You Choose Not To Have A Real Estate Attorney

Many times, a real estate attorney isnít required to buy a property. It is advisable to have one, however. Without an attorney you increase your chances of problems arising in the future. You run the risk of:

  • Being sued for failure to disclose information
  • An improper property transaction takes place
  • You could miss relevant facts about the property
  • Failing to file the correct documents at both the state an local levels
  • Deeds are not transferred
  • Building permits werenít correctly filed

The Takeaway

Having a real estate lawyer on your side is important due to the complex nature of property transactions. While some states require that an attorney be present throughout your property transaction, many states do not have this stipulation. You are smart to hire a competent real estate attorney to protect your own interests as either a buyer or a seller.

Posted by Afonso Real Estate on 3/7/2018

Buying a home should be an unforgettable experience. However, problems sometimes may arise that prevent a homebuyer from enjoying the property buying journey.

Whether it's tough negotiations with a stubborn home seller or a property inspection that reveals many problems with a house, problems may occur that can make the homebuying journey memorable for all the wrong reasons.

Lucky for you, we're here to help you streamline the homebuying process and ensure you can acquire your dream home quickly.

Now, let's take a look at three tips that homebuyers can use to transform an ordinary property buying experience into an unforgettable journey.

1. Perform Plenty of Real Estate Market Research

Navigating the real estate market can be tricky, particularly for first-time homebuyers. Conversely, homebuyers who evaluate the real estate market closely should have no trouble discovering a wide range of terrific residences.

Examine the prices of recently sold homes in your area. That way, you can establish a price range for homes that match your needs.

Also, analyze the amount of time that recently sold properties were available. This will help you differentiate a buyer's market from a seller's one and ensure you can map out your homebuying journey accordingly.

2. Get Pre-Approved for a Mortgage

Buying a home likely will require you to get approved for a mortgage. If you receive pre-approval for a mortgage, you can narrow your home search based on your budget.

To get pre-approved for a mortgage, you should meet with several banks and credit unions. These lenders can explain how a mortgage works and help you find one that suits you perfectly.

In addition, don't hesitate to ask plenty of questions when you meet with lenders. These mortgage professionals can provide expert insights into the different types of mortgages, including fixed- and adjustable-rate options. By doing so, they can help you get pre-approved for a mortgage so you can kick off your search for the perfect home.

3. Work with a Real Estate Agent

When it comes to buying a home, working with a real estate agent is paramount. This real estate professional will do what it takes to eliminate guesswork and streamline the homebuying journey.

A real estate agent understands the challenges that are commonly associated with buying a home and can help you overcome any potential hurdles along the way. He or she also is happy to respond to your homebuying concerns and queries and provide you with the support you deserve at any time.

Furthermore, a real estate agent will keep you up to date about new homes as they become available, set up home showings and negotiate with home sellers on your behalf. This housing market professional will even provide honest, unbiased recommendations to help you make informed decisions throughout the homebuying cycle.

Ready to get the best results from the homebuying journey? Use these tips, and you enjoy an outstanding homebuying experience.

Categories: Uncategorized  

Posted by Afonso Real Estate on 2/28/2018

Selling a home takes patience. Especially when youíre balancing your time between settling into your new home, and keeping up with your work and family life. So, when youíve finally gotten to the point of accepting an offer on your home, youíll probably breathe a sigh of relief--and you should!  However, there are still a few more things that will need to happen and a couple of things to consider before closing the deal on your home sale.

Contingencies on the purchase contract

A purchase contract typically includes contingency clauses that are designed to protect the interests of both the buyer and the seller. These clauses mean that the contract is contingent upon the actions being completed before it can be legally valid.

There are three main contingencies that will likely be included in the purchase contract before closing--inspection, financing, and appraisal.

Inspection contingency

The inspection contingency allows the buyer to have the home inspected by a professional before closing (the time should be specified within the contract, but the inspection should usually occur no more than two weeks after you accept the offer). A home inspection lets the buyer know what to expect in terms of repairs that the home needs now or will need in the near future.

Financing contingency

Since the vast majority of buyers will be purchasing their home through a loan, a financing contingency is included to allow the buyer time to secure their mortgage. Getting pre-qualified and pre-approved makes this process easier, but the buyer will still have to finalize and close on their mortgage before their financing is official.

This clause exists to protect the buyer in the event that their mortgage application is denied, ensuring that they arenít penalized.

Appraisal contingency

The third contingency most often found in purchase contracts is a home appraisal. The buyer will order an appraisal and then the appraiser will reach out to you to find a day to come and value your home.

If the home is then appraised at the amount agreed upon in your contract, this contingency is met. However, if the appraisal comes up lower than the purchase amount, the buyer can renegotiate the price.

Walkthrough and closing

Once the appraisal and inspection have been met and financing secured, the buyer will have a chance to do a final walkthrough of your home. The walkthrough usually occurs no more than two days prior to closing on the sale. A walkthrough allows the buyer view the home one last time to ensure that the condition of the home hasnít drastically changed since the home was inspected or appraised. So, make sure the buyer is aware of any changes you planned to make to the home before closing.

Now youíre ready to close on your home sale. Youíll receive a disclosure form to review (read it carefully!) and sign. Once closing is complete, ownership of the home is officially transferred to the buyer.

While the closing process does include several steps, itís important to be available and cooperative along the way to ensure a smooth sale and transition into your new home.

Posted by Afonso Real Estate on 2/21/2018

You are required to get homeowners insurance when you purchase a home. You probably are so excited about buying a home that you neglect to learn the ins and outs of your policy. Unfortunately, there are many things that insurance wonít cover, yet many homeowners think that they are covered under their home insurance policy. Below, youíll find some things that are often not covered by your home insurance, even though you might think they are. 

Broken Pipes

While your home insurance will cover damage from water in your home (different than flood insurance), the policy probably wonít cover what it takes to fix broken pipes. Your best bet in this area is prevention. You should be sure that your pipes are insulated properly and that there is adequate airflow around the pipes in your cabinets.


If an earthquake hits, youíre out of luck when it comes to your homeowners insurance policy. You typically need a separate policy to get earthquake coverage. If you live in an area prone to earthquakes, youíll need to inquire about specific policies to protect your home from this type of natural disaster.


Youíll also need a separate policy in the event of a flood. Homeownerís policies do not cover damage or losses caused by flooding. You can get optional coverage and this is highly recommended, especially if you live near a body of water or in an area thatís prone to flooding.

A Sewer Backup

If a sewer backs up, youíll face some serious damage in your home. Unfortunately, your homeowners policy will not cover this type of damage. The repairs can be hefty. If you wish, you can always add this type of coverage to your policy. 

Only Portions Of Disasters May Be Covered

If a hurricane hits, any damage that has been caused by the wind will be covered by your home insurance policy. If you face flooding, however, and do not have a flood insurance policy, youíll be out of luck. Without extra coverage, some natural disasters can be a special disaster for you and your wallet. 

Keep Up The Maintenance On Your Home

Itís important to understand what is and isnít covered by your home insurance policy. When you know how to prepare for different situations, it will make caring for and maintaining your home and your financial future a lot easier. If you prepare accordingly for natural disasters as directed, and perform proper maintenance on your home, your insurance policy should act in the best interest for you. If you happen to live in an area where you are prone to natural disasters, make sure you get the appropriate additional coverage that youíll need to protect you.

Posted by Afonso Real Estate on 2/14/2018

Ready to pack your clothing for moving day? Ultimately, packing apparel and accessories can be a hassle, particularly for those who have only a limited amount of time to prepare for a move. Lucky for you, we're here to help streamline the process of getting your clothing ready for moving day.

Now, let's take a look at three tips for packing clothing before moving day arrives.

1. Sort Through Your Clothing

Take a look inside your closet and sort through your apparel and accessories Ė you'll be glad you did. If you organize your clothing today, you may be able to save time down the line.

Determine which clothing you plan to keep and which no longer suits your style. Then, you can eliminate assorted apparel and accessories from your wardrobe.

With excess clothes that are in good condition, you may be able to sell or donate these items. Before you do so, however, you should make sure that all of your clothing is clean.

If you find clothes that are ripped or torn, there is no need to bring them to your new address. Instead, dispose of any damaged clothes, and you can avoid the hassle of transporting these items from Point A to Point B.

2. Group Your Clothing

Group your clothing, and you can organize your apparel and accessories and speed up the process of unpacking your clothing once you reach your new address.

There are many ways that you can group apparel and accessories. Some people choose to group clothing by season. Or, you may want to group your clothing by material or purpose.

Regardless of how you group your clothes, you'll want to label moving boxes that contain clothing accordingly. This will ensure that you can instantly locate your clothing after your move and start unpacking your apparel and accessories right away.

3. Consider What You'll Wear on Moving Day

Although you'll want to pack as much as possible prior to moving day, you should put aside clothing that you intend to wear on moving day.

It often pays to pack clothing as close to moving day as you can. That way, you can keep a close eye on the weather forecast and ensure you can put aside appropriate apparel and accessories for moving day.

Furthermore, if you're moving in summertime, you may want to set aside a pair of sunglasses and hat for maximum sun protection. On the other hand, you may want to keep a pair of winter gloves and other seasonal accessories on hand if you're preparing for a winter move.

If you need extra help getting ready for moving day, you may want to consult with a real estate agent. This housing market professional can offer honest, unbiased recommendations to help you prepare your clothing and other belongings for your upcoming move.

Use the aforementioned moving tips, and you should have no trouble packing all of your clothing prior to moving day.

Tags: moving tips   clothes   clothing  
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