Real estate market advices from Stuart Rubin? Waiting for the ‘unicorn’. Unicorns do not exist in real estate, and finding the perfect property is like finding a needle in a haystack. Looking for perfection can narrow your choices too much, and you might pass over solid contenders in the hopes that something better will come along. But this type of thinking can sabotage your search, says James D’Astice, a real estate agent with Compass in Chicago. How this affects you: Looking for perfection might limit your real estate search or lead to you overpaying for a home. It can also take longer to find a home. What to do instead: Keep an open mind about what’s on the market and be willing to put in some sweat equity, DiBugnara says. Some loan programs let you roll the cost of repairs into your mortgage, too, he adds.
This is where the groundwork is laid for the search for your new home. There are several points you should cover in your initial consultation. For example: Define your needs; the number of bedrooms and bathrooms, size of the kitchen, where you want to live, your price range, timeline, etc. Determine when and how often you can look at prospective homes. Verify your contact information and how you want to be contacted (email, phone, etc.) Ask your agent about financing. They can explain the different types of available loan programs, and refer you to lenders that can answer specific questions. Review the paperwork. While not necessary at this point, reviewing paperwork will allow you the advantage to ask questions about documents before it’s time to sign them.
Make A Larger Down Payment? How do you manage that? Perhaps by waiting longer before shopping for a home and taking a loan. In the meantime, you can save more money for your down payment. “If you make a larger down payment without buying a more expensive home, your mortgage and monthly payments can be smaller,” Brown said. “Or if you can afford it, you can make a larger down payment and buy a more expensive home.” HELOCs typically cost less than credit card debt or personal loans, Brown says. And you can use a HELOC to pay for repairs or improvements to your existing home. Those investments can boost your sale price, giving you more money to work with when you start to shop for a new home.
Stuart Rubin bio: His hands-on experience includes regulations, standards, and leading practices pertaining to Enterprise Risk Management (ERM), cybersecurity and customer privacy, system implementation and IT governance, COSO, COBIT, SSAE 18, Sarbanes-Oxley Act, and corporate investigations. He has extensive experience in assisting Deloitte’s clients in navigating the evolving digital risk universe, including cloud, digital asset management, security and privacy, third-party risk management, and robotic process automation (RPA).
He is the National leader for Deloitte’s Controls Advisory practice, incorporating emerging technologies like RPA, cognitive, and analytic visualizations to deploy scalable, tech-enabled, automated controls and compliance solutions that deliver meaningful business outcomes, generate higher ROI and lower Total Cost of Compliance (TCC) when compared to traditional control design, monitoring, and testing.
With over 30 years of experience in the field, Stuart Rubin has an in-depth understanding of the trade’s tools and his colleagues attest to his skill. They claim Rubin’s greatest strength is his ability to detect potential and close the deal in half the time it takes others. It is because of his dedication that the company has managed to acquire and develop properties worth more than $150 million and originate debt in excess of $1 billion dollars. Discover even more details on Stuart Rubin.