Monthly Archives: April 2017

Let’s learn About Real Estate Foreclosure Lists

Q: Why do I have to pay for a list of foreclosure properties? Isn’t this public information?

A: The answer is yes and no. The transfer of real estate property is always recorded in the county courthouse where the property is located. That makes it public information.

A list publisher, or consumer for that matter, must request a list of foreclosed properties from participating lending institutions. Why request? Because there is no law stating that the lender must make this information widely available, just as there is no law requiring you to make public a list of your personal possessions for anyone who may demand it.

You can, if you so choose, visit your county courthouse, go through all the deed and mortgage books and locate one property at a time, those that have been transferred to the lender. This would be an arduous process at best.

Another alternative would be to go to every single auction, in every county you have interest in, and watch which properties go back to the lenders.

So, in buying a list, what you’re mostly paying for is content and convenience. By yourself, it would take hundreds of hours and a lot of money to compile the data you need.

Q: How is it that some foreclosed properties are already sold or otherwise not available on the list I just received?

A: In fairness to all list publishers, many lenders do not update their lists frequently enough. Some real estate properties may already be sold. Some may even have been off the market for quite some time. No list of REO properties can be 100 percent accurate.

Remember, there is no national network. The proper accumulation and recording of this data is an imperfect science. Data quality and integrity is dependent on the source and the method of reproduction used by the provider.

Q: Can’t I just call a bank and get a list of foreclosed properties for free?

A: Yes and no. Most consumers have a difficult time trying to reach the right party at the bank in an attempt to get a list of foreclosed real estate. Some lenders are more cooperative than others.

Citibank, for example, now charges $50 for a list of their properties. While we disagree with this policy, we understand their reason. Too many uninformed buyers call the banks in an attempt to buy properties for 30 cents to 50 cents on the dollar. This charge is most likely an effort to separate the know-nothings from the serious investor. The bank does not want to be bothered by those who do not understand the process or by those who make absurd offers ultimately wasting the banker’s time.

Some Foot Chain Link Fence Cost

Chain link fencing is a popular option these days among homeowners who want to set up a physical boundary around a yard, garden or property without spending a great deal of money in the process. Installing a chain link fence is generally an effective way to keep in outdoor pets while protecting one’s property against intruders. Of course, there are some considerations that any homeowner should keep in mind when it comes to deciding if a chain link fence is the right option.

The Costs

  • The average reported cost per square foot for chain link fencing is $18.
  • Homeowners should not expect to pay more than $21.33 per square foot for chain link fencing.
  • At minimum, homeowners can expect to pay around $16.65 per square foot for chain link fencing.

Advantages of Chain Link Fencing

Any type of home fencing will come with its inherent advantages and disadvantages. The same is true for chain link fencing materials.

One of the greatest advantages of going with chain link fencing is its low cost. Compared to other fencing materials, it is easily the most affordable option, with most homeowners spending less than $20 per square foot for both materials and installation.

Furthermore, chain link fencing is also known for being very durable and long-lasting. While wooden fencing is prone to rotting, insect damage and warping over time, chain link fencing is not susceptible to these potential problems. As a result, homeowners who opt for chain link fencing get to enjoy the added savings of low maintenance. This saves them both time and money as there is essentially no maintenance required for chain link fencing. Some homeowners choose to paint their chain link fences as a way of adding to the aesthetic appeal, but this is only an option and not a necessity.

Disadvantages of Chain Link Fencing

Of course, going with chain link fencing can also come with its possible disadvantages. The main drawback of this type of fencing that some homeowners mention is that of its appearance. While chain link fencing may be very durable and affordable, the fact remains that it is simply not as aesthetically appealing as a wooden fence. For some homeowners, this becomes a deal breaker — especially for those who care a great deal about the home’s curb appeal.

Another potential drawback of chain link fencing is that it can be time consuming to install. This is especially true for homeowners whose properties are uneven or have a lot of hills and slopes. Because each fence has to be custom measured, fit and cut, those with hilly landscapes may have a longer installation process. This often translates to a more expensive installation price in the long run as well.

Cost Considerations

A lot of fencing companies these days have begun to include labor and installation as part of their per-square-foot estimates. However, this is not always the case. As such, it is wise for homeowners to contact fencing companies ahead of time as a way of determining whether or not they include labor and installation as part of the price or materials and tools only. After all, this can make a huge difference in the overall cost of the project. The average installation time for a chain link fence is right around five hours, and the typical cost of such installation is anywhere between $140 and $160. Furthermore, if the cost of tools is not included in the estimate, homeowners can expect to tack on another $20 to the price as well.

Saving on Chain Link Fencing

While chain link fencing is often the most budget-friendly option when it comes to fencing, money-savvy homeowners should take the necessary steps to ensure that they get the best deal on their chain link fencing. This means comparing quotes from various fencing companies in the area to find out which company will offer the best price for the particular project that the homeowner has in mind.

Furthermore, homeowners should take the time to get a good idea as to how many square feet of fencing they will need prior to contacting fencing companies for a quote. This can be done by measuring along the perimeter of the area that needs to be fenced. Furthermore, homeowners should keep in mind that hilly properties may cost more to fence because they will require more materials to get the job done. Homeowners can also save on costs by opting for a 4 Foot Chain Link Fence as well.

Homeowners who plan on selling their homes down the road may also want to look into return on investment costs for chain link fencing. By working with a real estate agent and running comparisons of neighborhood home values, it is possible for homeowners to get a better idea as to what kind of return on investment they can expect on their fence installation projects.

Uses for Chain Link Fencing

There are several uses for chain link fencing that homeowners can enjoy. Among the most common options is for a garden area; this can help to keep unwanted critters and animals from entering into the garden area and ruining plants, fruits and veggies. Furthermore, chain link fencing is often used to solidify property boundaries around neighbors, thus giving homeowners a better sense of security. Chain link fencing can also serve as a great way of keeping pets within the boundaries of one’s property. This is especially ideal for dog owners.

Overall, a chain link fence can be a great decision for homeowners who want an affordable, durable and effective fencing option on their properties. No matter how large or small of an area one is looking to fence in, chain link fencing can help to make it happen on any budget. The key is simply shopping around to find the best deals on pricing.

Boost Your Home’s Resale Value

When it comes to remodeling there are a few general rules that apply to every home. One: it never hurts to upgrade your kitchen or bathroom. Two: focus on improving or increasing your home’s livable space. Three: if you’re going to remodel, make sure you spend the money to do it right.

In a perfect world all of us would follow these rules without exception and our homes would always be up-to-date and designed in accordance with the latest styles and trends. The reality is most of us have to strategically choose what projects to tackle. Often times this means postponing big projects in favor of smaller ones. Fortunately, there are a number of minor remodeling projects that can pay major dividends.

Refinish Your Floors

Wood flooring adds a touch of class and elegance to almost any room. And while wood flooring has many upsides – easy to clean, looks great – it can really show its age if not properly maintained. Over time, your once radiant wood floors can start to look dull and scuffed. But unlike worn carpet that needs replacing, worn down wood floors can be brought back to life by refinishing them. What’s more, refinishing them enhances the value of your home.

Now you might be tempted to go the DIY route and refinish them yourself. However, to ensure the best result it is recommended that you contract the job to a pro. While it might be more expensive, you’ll get the peace of mind that comes from knowing that the job was done right. So, how much can you expect to pay? The average reported cost is around $1,800. To view costs for your area, click here.

Reface Your Kitchen Cabinets

We all know that kitchen remodels yield the biggest bang for the buck. Unfortunately, many kitchen remodels cost well over $20,000. If you want to freshen up your kitchen but don’t want to spend a ton of cash to do it, refacing your cabinets might be the answer you’re looking for, especially if your cabinet frames are in good condition.

Unlike simply refinishing your cabinets, cabinet refacing involves replacing the doors and drawer fronts and veneering the cabinet boxes of your existing cabinets. Cheaper than replacing your cabinets, the average cost of cabinet refacing is around $7,400. For local cost information, click here.

Install a Fireplace

A fireplace adds beauty, ambiance, and warmth to your home. It can also add value. While many prospective homebuyers don’t buy a house based on whether or not it has a fireplace, it could help sway their decision. Of course, few folks add a fireplace with resale value in mind. Most of us do so because a fireplace improves the livability of our homes.