Before You Commit To A Property Purchase

home-sweet-home

You’ve been working with your real estate agent, your lender, and your lawyer and you have finally found the perfect home.  The pieces of the puzzle are all falling in to place.  Everything is ready to move forward… right?

The City of Buffalo has provided a “Prospective Buyer’s Fact Sheet” which covers 6 things you should do before you commit to a property purchase.  While published by the City of Buffalo, these are things that you should check no matter your geographic location.  These are checks that aren’t necessarily required prior to a sale, but could cause headaches after you take posession and discover them.  You could end up wasting time and money, and not be able to live in your home!

1.  Make sure the district’s zoning would permit your proposed use / occupancy.
2...

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FDIC Seeks To Raise Deposit Insurance Limits

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The FDIC (Federal Deposit Insurance Corporation), the organization that protects the money in your bank accounts, is currently seeking to raise the limit on the amount of money that will be protected in the event of a bank failure from $100,000.  Shelia Blair, Chairman of the FDIC, did not specify an amount she would like to see it raised to.  Instead, the amount of the increase, if any, will be determined.  The $100,000 figure was set in 1980, and beginning in 2011, it will increase annually to account for inflation.  This change was passed in 2005 by Congress.

With the public failures of both Washington Mutual (Thursday) and Wachovia (Monday), many people are looking at this on a more speculative level...

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Customer Service Important To Applebee’s

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Last Friday, my room mate Matthew and I went out to dinner at A*pplebee’s, which we do fairly often.  Normally when we go the service is pretty good, even when it is particularly hectic in the restaurant.  However, this trip was the exception.  Without getting in to all the details, our service wasn’t that good, bordering on poor, and they were under half capacity.  Our waitress just wasn’t attentive to our needs.  I was sorely disappointed, and had considered taking A*pplebee’s off the list of restaurants that we frequent for awhile.

Later that evening, I was explaining the situation to my room mate David while we were standing in line at the checkout of our local Noco.  A man behind us said, “Man, I hate to hear that...

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Chase To Purchase WaMu

Washington Mutual

Earlier this week, the FDIC (Federal Deposit Insurance Corporation) stepped in to bail out Washington Mutual, which was failing as a result of nearly $20 billion in mortgage losses, partially as a result of the sub prime lending crisis.  Parts of the Seattle based bank are expected to be purchased by JP Morgan Chase, one of only five banks that had considered placing a bid for the now defunct organization.  Washington Mutual put itself up for sale about a week ago.

WaMu was under some pressure to secure a deal from creditors and ratings companies.  It’s sinking stock value and decreasing credit ratings would only cause more issues in the long run...

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Vacation This Week

maverick

This week I am on vacation from my “9 to 5″ as a property manager, so I am taking a little bit of time to relax.  Last weekend my friends and I took our second trip of the season to Cedar Point in Sandusky, OH.

We took our first trip back in May, and this is when I learned to face my fears regarding roller coasters.  The trip went exceptionally well.  I’m proud to say that I rode every single coaster in the park, some of them twice!  My favorites are the Maverick, pictured left, as well as the Millenium Force and the Top Thrill Dragster.  Top Thrill is still the most challenging to me, because there is a certain level of psychological torture that they put you through at the beginning of the ride...

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Open House – 661 Moore, Tonawanda

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I know it’s a little late to post this, but I’m hosting an open house Sunday (tomorrow) from 1 to 3 at 661 Moore Ave in Tonawanda.  Some fo you may recognize this as my current residence.  This 3 bedroom 1.5 bath home features spacious living and dining rooms, as well as a finished basement.  This unit also has an above ground pool and a great patio with an awning to relax and enjoy the summer evenings.  I certainly have!  Once again, the open house is Sunday (tomorrow) from 1 to 3.

Hope to see you there!

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