Are you considering having a land survey done on your property? There are many survey related misconceptions that can steer you the wrong way. Here is the truth about 7 common surveying myths:

Land surveys aren’t necessary if you can find the survey stakes – If you find the survey stakes from a previous survey, all you know is that there was a previous surveyor who determined that this location was on the edge of the property. The land surveyor you hire can tell you if what you’ve found is really your property line; you may be surprised to learn that in many cases, what you think is a surveying monument may not be it at all. Plus, your findings won’t hold up in court, but a licensed land surveyor’s would.

It’s very rare for a neighbor to encroach over a property line – Don’t be so sure that you aren’t encroaching onto property that legally belongs to your neighbor, or that they aren’t technically on your property. Land surveyors see these types of issues all of the time. Hiring a land surveyor to mark the exact property line is a good investment in your property.

I can build my fence on the property line without a survey – Even when you’re sure you’re building only on your land, protect your investment by making sure that you know exactly where the property lines are. If it turns out that you have built onto a neighboring property, you may be forced to tear down your work. Think twice before building a fence right on the property line, even if you know right where it is. Can you maintain the other side without trespassing on your neighbor’s property? Will the footings encroach on their land?

The fence has to be my property line, it’s been there a hundred years – Fences, especially those built decades ago, are only an approximation of where the property line is or was thought to be. Even if that fence has been used for decades, that doesn’t automatically make it the property line.

All land has already been surveyed, it’s just a matter of finding the survey – Although you may be ale to find old maps created for tax purposes, in many cases the land you own may have never been surveyed. Even if you do find a previous survey from decades ago, it may not always help solve your issue or assist you in identifying the actual property lines on the ground, especially if the surveyor’s monuments are long gone.

I don’t need a second survey if the land was surveyed years ago – Land survey is an art, not an exact science. It is possible for two surveyors to obtain different results. Also, the measurements are made based on the evidence found; surveyors working at different points in time may not have the same evidence available. The new surveyor will have the benefit of the monuments set by the previous surveyor, if they are still in existence, as well as any records recorded after the previous survey. If the previous survey’s results are being questioned, it may be worth it to have another survey done.

Having a survey done is too expensive – Not having a survey done when you really need one can cost you thousands of dollars. Is it worth the risk? This professional service is well worth the cost.

We at Point to Point Land Surveyors pride ourselves on accuracy, customer service and quality work delivered on time, guaranteed. Telecommunication land surveys are a specialty.Article Source:http://www.articlesbase.com/real-estate-articles/7-land-surveying-myths-and-misconceptions-debunked-1787373.html

There are potential home buyers who are eager to prevent home foreclosure because they want to revel at the real estate party. There are homeowners who are sobering up the hard way.

If you are one of the homeowners who take advantage of this opportunity, you can maximize the low-interest rate.

There are tactics that you can follow in order to prevent home foreclosure. These are the results from the expected financial crisis.

There is the job loss and the medical illnesses which usually result to homeowners not have the ability to pay the mortgage that they are supposed to pay for.

At least in that case, you get to adjust your payment that will make it appropriate for your lifestyle.

The loans that let you prevent home foreclosure have taken on the lowest rates and therefore it decreases the risk of mortgage delinquencies. This is the best way for you to do what you set out to do in the first place.

Signs that it is starting to emerge is the number of homeowners who are also looking for the loan workouts that reach the first quarter and continue to grow.

The smartest way for you to prevent home foreclosure is to evaluate your options. If it becomes tenuous, then something must be wrong.

If you missed the mortgage payment and are doing your best to fix the problem, then at least you were able to pay accordingly to the investment that you banked on.

It is a very complicated and bad situation to lose your home so do your best to prevent this from happening.

Whenever you consider selling your potentials foreclosure because this is not an option for you, then it is time to seek the assistance of the lender.

Ideally, the homeowner should also contact the lender in the case that it is going to be a clear payment for everyone.

The foreclosure can also cost the lenders more than just a million dollars in the attorney fees so they just have to stick to what their mortgage is asking them to pay for.

Finally, the loss mitigation department of the lenders allows the homeowners to modify the existing mortgage through the workout that has been the understanding in the expense that should be met.

If they proceed with the foreclosure, then this can result to the lenders eventually getting what they want – and that is to prevent home foreclosure.

Learn more about how to prevent home foreclosure at my site. Learn how to stop house foreclosure with some simple steps.

Article Source:http://www.articlesbase.com/real-estate-articles/how-to-prevent-home-foreclosure-basics-1630704.html

For the person on a budget, home buying can be difficult due to the compromises you may have to make. Your Realtor® is going to make suggestions, but they can’t control what home you decide to buy. However, it’s worth it to listen to what your Realtor® is trying to say, so that you can understand why they’re steering you away from The Deal Of A Lifetime™ and towards a house that is going to cost you more than you really wanted to pay per month.

When you get approved for your first mortgage loan, you set out looking for a home. Now, there are a few ideals that you’re going to get out of your head before you can really get a home you can learn to love. I say “learn” to love because you are not necessarily going to be 100% thrilled with the home that is best for you to buy. But you can learn to be, through your own hard work and investment of cash.

Like a lot of people on a budget, the first thing you probably do on the MLS is look at the price. Oooo! This one is only ten bucks! That’s my house! That is, until you realize that the foundation is sinking into the bog where the home was constructed or that the roof is managing a slow descent into the kitchen. When major repairs are needed, the house is often priced accordingly; unfortunately these aren’t always repairs that can wait until you “have the money”.

Cheap homes that have great foundations and beautiful roofs and large yards can indeed be found… in the city’s Skid Row. Location is something you’re going to want to take into consideration. Yes, you’ll pay less a month on your mortgage, but the money you save may well go into replacing all your valuables from the latest break-in. Not to mention the fact that you have to walk your beautiful, big yard before mowing it in order to pick up and dispose of the stray needles.

Another thing that you might be looking for is a home with a soul. You know, one of those wonderful old houses that speak to you of your city’s illustrious past? Forget it. At your price range, the likelihood of these homes having up-to-code electricity, proper insulation and windows that don’t hemorrhage heat like a torn jugular is about the same as the video you just shot on your cell phone winning the Academy Award for Best Cinematography.

No, it’s the staid little house that is for sale at a bit more than you hoped to pay and has a bit less of the stuff you were hoping to have in it that you should probably buy. This is not the only house; this is the first house and you can afford to make a few sacrifices in order to have a solid home that will be easy (and cost less) to renovate and improve. The solid foundation, roof and up-to-code electrical will be worth the extra hundred dollars a month in mortgage payments.

Your Realtor® is going to try to steer you towards homes that, while they might not have the character or the lower price, are going to be a financially sound decision for your future. Understand that it’s not the commission they are after as much as the knowledge that you have a home that will provide you with a rewarding lifestyle and future financial picture.

So you’ve purchased your first rental property and are now ready to dive into the world of being a landlord. You got a pretty good deal on that house, have run the numbers and have decided in order to cut costs to manage the property yourself instead of hiring a full service property management company. How hard can it be; you know how to fix a leaky toilet and paint. Plus it would be fun taken on a more hands-on approach with your investment.

You’ve already got a pretty good idea of what type of tenant you want, right? And you’re going to tailor your ads to target this type. And of course you’ve got a rental rate already in mind that will not leave you with a negative every month. You also went to the local office supply So you’ve purchased your first rental property and are now ready to dive into the world of being a landlord. You got a pretty good deal on that house, have run the numbers and have decided in order to cut costs to manage the property yourself instead of hiring a full service property management company. How hard can it be; you know how to fix a leaky toilet and paint. Plus it would be fun taken on a more hands-on approach with your investment.

You’ve already got a pretty good idea of what type of tenant you want, right? And you’re going to tailor your ads to target this type. And of course you’ve got a rental rate already in mind that will not leave you with a negative every month. You also went to the local office supply store and picked up one of those ready made “one-size-fits-all” lease agreements. Cool…
You’ll feeling like that weekend super seminar you went to on how to become a landlord in 3 easy steps is paying off.
Just do a few more of these deals and you’ll be out of the rat race in no time. Sounds great, right? Yes that sounds great, but now comes the realty.

Being a landlord does not happen over night. It takes lots of experience, knowledge and lessons learned.

- It can become a full time job if handled properly.
- It can become a nightmare if not handled properly.
- It can be fun and stressful at the same time.
- It can become overwhelming
- It can make you laugh
- It can make you cry
- It can make you rich
- It can make you poor
- It can make you the hero
- It can make you the villain

I would never discourage anyone from not giving it a try. The best way to learn something is by hands-on experience. Just keep in mind, being a landlord is the same as running a business and there are legalities you must follow and adhered too.

Here are just a few things to consider before deciding if landlording is right for you:

- On a federal level, tenants can not be discriminated against based on race, color, religion, sex, national origin or disability.

- On a state or local level, it can go further by not allowing discrimination based on marital status, sexual orientation, presence of children, age, occupation, source of income (government assistance, section 8), educational status or medical status.

- Market condition, location and amenities or lack of will dictate how much you can set your rent at. It has nothing to do with making sure you cover any negative scenarios.

- You better know more than how to fix a leaky toilet and paint.

- Never schedule a vacation around the 1st of the month. Actually no time is good.

- Have the yellow pages handy, or just rip out the pages listed under “handyman”, “plumber”, “electrician”, “carpet”, “carpet cleaning”, “painter”, “hardware stores” and just cause in case “Lawyer” for quick reference.

- You’ll need a cell phone at all times

- Always keep money set aside for the “just in case”, because the “just in case” will happen.

- Once you’ve run the numbers and have come up with the monthly expenses of running your property, go ahead and add at least 10% more; because you’ll need it.

- Attend as many of your local hardware stores “How-To” home repair demos. Being a jack-of-all-trades comes with the territory.

- Locate the nearest marshal office or district court from your rental property. You may need them in case you need to start the eviction process.

When I hear people talk about all their horror stories, how they lost their shirt investing in real estate and how you can’t make money owning rentals, you can bet it’s because they didn’t know how to play the game. They didn’t even know the rules. I’ve had my share horror stories, but I’ve learned from them and have moved on and will make better choices in the future.

Understand the rules of the game, play by the rules and you just might succeed.
Happy investing.

Investment Property Management and property management services by PropertyManagementProfile.comArticle Source:http://www.articlesbase.com/real-estate-articles/so-you-want-to-be-a-landlord-1153828.html

Buying a house is a big investment in real estate sector. As a buyer you should always find out all the information regarding the house prior to purchasing it so that you do not have any legal dispute in the future.

Before purchasing the house along with the home inspection you should also verify the house for all legal aspects. In real estate purchasing or selling is a very lengthy and detailed process and it has lots of legal formalities attached to it. As a buyer you should know the legal owner of the property who has the rights to sell or else you may face a title dispute in future from a third party. The title company in the real estate sector is hired for this job.

The title company’s primary duty is to carry out a research on the title of the property which is known as “title search”. They check all the public and real estate records regarding the house in a county, city or town and compile the information for you. All these information not only helps in finding the legal owner of the property but also finds out any legal dispute attached to the property in the past or if there are any limitations against the house. The title companies also give information on the unpaid taxes and liens on the property.

As a buyer it is beneficial for you to know about them before signing the agreement. This will avert you from getting into any title or legal dispute on the property in future and ensure your peace of mind. Many a times the price of the house looks tempting and even you make up your mind to finalize the deal but there are chances that the legal owner does not even want to sell the property and the person who has advertised the property does not even have legal right to sell the property. In such a case your newly purchased house can drag you to a title dispute in future.

Apart from title search many title companies also provide title insurance. Title insurance insures the financial aspect of the buyer or the mortgage lender against the loss due to the title defect or other legal matter. Under the title insurance the insurer is either reimbursed the money loss due to title defect or the case is defended by the title company against the court case. Most of the time the property attorney recommends the same insurer title policy to the home owner as that of the lender. But still according to the law as a homeowner you do have the right to select your own title insurer. Also any property including lease, life estate or easement can be title insured by the home owner as well as the lender to keep safe from any title dispute in future.

As a buyer it is always advisable to take the services of the title companies before the purchasing of the property. And as a home owner get the title of the house insured. This way you will save yourself from any major expense arising due to any legal dispute or title defect.

You will get a variety of options in real estate to choose from in Scottsdale Real Estate. If For purchasing commercial property see Commercial Properties in Scottsdale and for a striking new home see Desert Highlands Scottsdale Realty.

Article Source:http://www.articlesbase.com/real-estate-articles/role-of-title-companies-in-real-estate-1031092.html