Month: June 2019

How To Be Prepared To Sell Your Home

Posted by David Chang on June 17, 2019 with 0 Comment

Once you are thinking about selling your home, it is important to acknowledge all of the details that go into that. Typically many homeowners act too quickly when they are deciding to sell their home, and that often can make them unprepared. At Chang Legal, we want you to be ready when it’s time to sell your home. Follow these tips so you know you’re prepared to sell your home:

Build equity:

Do you know if your home has positive equity? Equity is the difference in market value of the home today compared to the mortgage debt you owe. In today’s market, most homeowners have positive equity, but it still possible for negative equity to occur.

Have money aside for improvements:

To get the most out of selling your home, it is wise to do some home improvements to increase the value of the property. It is essential to pick the areas that will generate the most value.

Be prepared to move:

Many homeowners are eager to sell their home, but then panic when it is time to move out. The attachment to the home with all of the memories made could make it difficult to leave. It is important to prepare yourself for the new memories at your future residence.

To learn more about how you can be prepared to sell your home, contact Chang Legal today.

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3-Step Plan For Prospective Homeowners

Posted by David Chang on June 10, 2019 with 0 Comment

When it becomes time to purchase a home, every prospective homeowner has nerves. It is essential to understand the process of buying a property before completely diving in. While every journey is unique to every homeowner, there are a few principles everyone should follow. Chang Legal is here to provide you with the best guidance with this 3-step plan so you’re on track when it’s time to purchase a home:

Find your ideal home:

The first step in purchasing a property is viewing listings online. There are endless amounts of listing sites that provide you with beautiful homes that are in your price range. With this, you will be able to narrow down the type of property you are going to purchase and get a better idea of where you soon will live.

Be prepared before buying:

It is crucial to be prepared when you are trying to get a mortgage for your new home. To get prepared, it is important to evaluate your credit score, understand how much you can afford, and what type of loans are available to you in your financial situation. To be fully-prepared, it is essential to get pre-approved by a lender, which demonstrates you are financially ready to purchase a property.

Connect with a real estate agent:

To fully understand how your local market is inside and out, connect with a knowledgeable real estate agent. Your real estate agent will provide guidance and support on your journey to find an ideal home.

To learn more about the 3-step plan for new homeowners, contact Chang Legal today.

Recognizing Landlord Schemes

Posted by David Chang on June 3, 2019 with 0 Comment

When it comes to renting a residential space, you will have to follow the rules and regulations of the landlord that owns the property. You will more than likely have a reasonable landlord that will require the general terms with renting their real estate space. On the other hand, there are some cases where tenants will have to deal with unreasonable landlords that try to pull schemes for their own personal gain. Here are the most common landlord schemes that you should be aware of when you are renting a property:

Avoiding Costs: Some landlords will try to bypass expenses that they are entitled to pay by requiring the tenant to pay the costs. A few of the costs include property taxes, maintenance costs, security, and utilities. This shows how it important it is for a tenant to study the lease and to report any suspicious requirements the landlord makes to the housing department.

Increase in Rent: The most common scheme landlords pull is increasing the rent illegally. For instance, if you are paying rent on a monthly basis and the landlord raises rent without a 30 day notice, you will then have the ability to report this situation to the housing department.

Trespassing the Property: Once the landlord closes the lease and you, the tenant, are living in the property, they are not permitted to enter the property without consent of the tenant. This means a landlord is prohibited to walk through the front door of the property without probable cause.

It is essential to know if you are being taken advantage of by your landlord through these 3 common schemes. For more information on common landlord schemes to look out for or to learn more about how we can support you through your real estate disputes, contact Chang Legal today.