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Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. When you are moving keep a record of all your moving expenses. If you meet certain criteria's you can deduct the expenses from the federal income taxes. You can look up the rules online under publication 521 titled "moving expenses" on the IRS website. If you have a library of books, consider sending them with the post office, they have special rates for books and magazines. However, throw out whatever you don't want or will never read again. People don't realize that there is an off time for moving companies which is in the middle of the month. Moving companies are always busy at the end of the month, but when business is slower, the will lower their rates. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Are you about to move into your new apartment? Don't miss these tips coming up next… Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. Many people move into their apartments thinking they know how everything and get slammed with having to pay more than they agree to. When a building is full and landlords want more money, what can they do to make more money? They charge fees. Landlords are making new fees daily to make the tenants pay more, but a lot are not legal or justified. If something seems fishy or unjust, don't be afraid to ask the landlord why he is charging you. Make sure you know your tenant rights which are available online or at your local housing office. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

First time buyer but don't have much cash? I got some quick tips coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. Whether you are recently married or a bachelor buying your first home, it can be difficult especially if you don't have much money. You will need to put down 20% of the home's value, but what most people don't know is that there is help for people who need it. There are FHA-insured mortgages, they assist people who have a low credit score and are first time buyers. They are much more affordable as conventional loan premiums because conventional loans factor in credit scores while FHA loan premiums do not. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Are you about to sign a lease for a new place? I have some important advice you can't miss coming up next Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. If you are a renter you know how strong a rental agreement is and how difficult it is to get out of it. So when you have the rental agreement in front of you take an extra second and think if you realistically will be able to live in the same apartment for a few years. The solution is simple, include an early release clause, which states what happens if the tenant plans on breaking the lease. The consequences can be anything from 2 months' rent to forfeiting of the security deposit. This all may sound like a lot, but remember you are getting out of a legal binding contract. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Did you hear the news about Countrywide? You don't want to miss the hottest news coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. The notorious Countrywide Financial Corp is being sued by the California attorney general. Countrywide is being accused of misleading advertising, taking on risky home loans, and other unfair business practices. He wants relief for people impacted as a result of the mortgage crisis. This lawsuit comes on the same day the countrywide shareholders were scheduled to vote on the company's takeover by Bank of America. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Looking to rent an apartment but landlords keeps rejecting you? I have some tips that you need to watch out for coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. Landlords have found new tools to use at their disposable to help filter out potential tenants. For a small fee of 15-35$, background screening companies will screen applicants and tell landlords everything including criminal history, eviction history, and credit history. It is an easy way for them to find out everything they want to know about you without you knowing. The good news is that only big apartment complexes are the ones that check most often so apply to smaller apartment complexes and don't get discouraged, keep applying. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. People are using technology more and more to help them with the sale of their home. The internet allows sellers to showcase their homes worldwide and it's easier for potential buyers to look at it. They can have all the information right before them. Make sure you have your house on as many websites as possible including craigslist. The more exposure you have the better your chances are of selling it. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. The price of your home is what attracts or deters people from being interested in your property. But there are tricks you can do to buyers while keeping the price where you want it. Slim the price a little, we all know that 899,000 is barely less than 900,000 but to the buyer it makes a big difference. Also a round number, such as $695,000, will convey quality, while a precise number, such as $695,385, will indicate a bargain. So try to make it seem more like a bargain and less like a precise number. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Have a low credit score? I got a quick tip coming up next… Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com. A low credit score is hard to change but there are ways to raise it. Go to the bank, and get a small loan, about 1,000 dollars. You will have to pay about 7 percent interest rate, which isn't that much, about 70 dollars a year. Every month when the bill for it comes, pay it off and your credit score will go up, and continue that for a few years and once the loan is paid off, you will see a significant increase in your credit score and will be able to get much higher loans. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Trying to sell your home in this market? I got some good tips coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. The real estate market is in a slump and if you're trying to sell your home you are going to have some trouble. You are going to want to give away some freebies. Try anything from luncheons to raffling off a gift card or if it's a condo, offer to pay their homeowner association fees. If you are really desperate to sell, you can try offer free home warranty for a year. Do anything to set your house above other houses in the market. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Trying to increase your credit score? I got some quick tips coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com. Having a good credit score will not only make it easier to get loans but also to get them at a lower interest rate. The first step is to get a credit card, not to spend on buying lavish gifts, but to establish credit. To establish good credit you must pay off the credit cards on time and in full every month. Once you are able to control having one credit card apply for another one about 4 months later and add another one if you are able to after that. You do not want to have more than 3 open credit lines, it can actually hurt your credit. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Buying a house as is? I got some helpful advice coming up next… Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. You may see a lot of listings saying as is. But be careful, when someone sells their house as is, it's probably because there is a problem with it. It could be mold that can't be fixed or termites that got into the wood. If you buy the house as is, there isn't any inspection, and the seller usually wants a one month escrow. So if you're a developer than this is perfect for you. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

3. Trying to sell your home in this market? Part 2 is coming up next. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. Your agent is the face of your home, so you want to make sure that they are presentable and suitable for the area. Make sure they have sold properties in the area and that they have worked in a slow market like the one we are in. If you live in an area that is mostly Spanish speaking, you are going to want to have an agent that is bilingual in English and Spanish. If they cannot speak another language then you lose a great deal of potential buyers. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Remolding your home? I got a helpful tip coming up next …. Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com. When you hire a contractor to remodel you home they hire subcontractors to do the work. If you pay the contractor and he leaves town the subs can put a lien on your property because the contractor ran out. To protect yourself make sure you make the sub contractors sign a line waiver, which states that they wave the right to make a lien on your property for any reason. Tell the contractor that you want everyone to sign the waiver before they work on the home or he won't be paid. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

Have an investment property that you want to sell to buy a new one? I'll tell you how to do it tax free coming up next…Hey, this is Joseph Yomtoubian and you are watching FirstAmericanTv.com, Your source for Real Estate and Mortgage News 24/7. One of the best ways to defer paying federal income taxes while investing in real estate is by buying and selling properties and using a 1031 tax deferred exchange mechanism. 1031 exchange allows you to sell an investment piece of real estate and buy a subsequent piece of real estate of equal or greater value and not pay federal income taxes on the sale. Just make sure the sale and the purchase are within 45 days of each other. That's it for now….Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more tips and real estate news.

firstamericantv.com Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. There are times when the economy is booming and people are making good money, eating out and buying homes. But when the economy is in a recession like the one we are in now, people tend to hold back on everything, including major purchases like houses. You need to time the sale of your home correctly. The ideal moment is to sell when the economy is expanding and people are looking to spend their money. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

firstamericantv.com Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. People tend to buy a home without thinking through all the repercussions. The first and most important thing to think about is if your job future is certain. And if your company plans on lay offs or the economy is in a downturn, as it is now, you might be able to say that your job is totally secure. Also, many people who are married but are having problems sometimes look to buying a home as a quick solution to their problems. What people don't realize is that a house will not cure marital strife. It can actually cause more problems with mortgage payments create a huge mess if the couple gets divorced. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

firstamericantv.com Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. So you're about to buy a house and don't know what you, as the buyer, get to keep. The general rule is, "if it's attached to the ground, it's real property and stays with the house." But this rule always isn't perfect...for instance, a chandelier or curtains can sometimes be attached to the land, but often the seller will want to keep it. Bottom line, you need to ask questions about everything that might be questionable before the contract is signed. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

firstamericantv.com, Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. It's a buyers market right now, which means home prices are way down People are trying to sell their homes, but no one is buying. And you can use that to your advantage by making an offer that's 5-10% below asking price. You can also ask the seller to pay the closing cost or get other perks in your favor. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

firstamericantv.com Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. Your fireplace is the focal point of your home. But does your fireplace really fit your specific house? Does it need to be updated? It's amazing to realize just how much potential buyers will focus on it and it's an easy way to add value to your home. If you have a traditional home, then you might want to go with a brick fireplace, but if your home needs a little bit more, consider a marble or even a gas fireplace. They make cost a bit more, but you will end up with a much better deal when you sell your home. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

firstamerivantv.com Hey, this is Joseph Yomtoubian and you're watching FirstAmericanTV.com, your number one online source for Real Estate news and advice. There are many advantages to purchasing a home in a gated community. Its quite, safe and the gate puts a stop to through traffic. And homes in gated communities tend to hold their value very well. However, if you're like me, then you're impatient and don't want to deal with having to buzz your friends when they come over every time or have to call in to say the pizza man in coming. So the choice is up to you. Thanks for watching FirstAmericanTV.com. I'm Joseph Yomtoubian. Check back soon for more real estate news and advice!

So you bought a second home and decided to rent one of your homes, but you don’t know if you should do it. The first step in figuring out if you should rent the house is to figure out your expenses, also known as the nut. The nut is the cost of keeping your house going, which includes mortgage payments, utilities, repairs, taxes and any other monthly cost. The second step is to figure out a rent price. This price must be a competitive price for the area. It should be more than your “nut” and you should be making a nice profit, however, it should be a price appropriate for your area.

firstamericantv.com You always hear the most important thing in real estate is location, location, location! But what else influences the sale price besides the location? The size and the condition of your home play a big role. If your house is dilapidated and falling apart, it will pretty much be worthless. Other factors that affect the price are the recent sales of comparable homes. If the homes in your area are similar in size and condition, you can bet that their price will be close to the price you can expect for your home. Another major factor in determining the price of your home is the ratio between the supply of homes in your area and the number of qualified buyers. If there are many qualified buyers that are looking to purchase a house in a given neighborhood and yours is the only house for sale, people are going to fight for it and the price will skyrocket. If there are a bunch of homes for sale, and only a few buyers, you can bet the price of the houses will go tumbling down.

firstamericantv.com Many people put their money into the stock market, only to lose money. But If you invest your money in a property it will appreciate about four or five percent a year. This will vary from neighborhood to neighborhood and region to region. Five percent may not seem much but it adds up over the years. Another reason it is good to own your home is because of the tax advantage. You can write off the loan payment along with the property tax. This is one of the only investments where you get a tax advantage for investing.

firstamericantv.com If you are thinking about buying an investment property, you want to make sure you protect yourself. A great rule of thumb is to put money in the bank, but how much should you put away? You are going to want to put 6 months worth of expenses. That includes mortgage payments, repairs and taxes. Therefore, if there is some unforeseeable incident, like an earthquake or there are too many vacancies, you have some room for leverage.

firstamericantv.com When people are looking to get a mortgage for a new house they purchased or to refinance their loan they usually only look at the interest rate and try to go for the lender with the lowest rate. However, a low rate isn’t the only criteria you should be looking at. There are terms that you should be paying attention to, such as the closing cost and the underwriting guidelines. You might be saving a few dollars a month with a little lower rate, but if it has a high closing cost, you might be paying more and not even know it.

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firstamericantv.com Many people have asked me if they should list their house at a higher asking price. The answer is no! Many people think that they can list their house at a higher price and make a little extra cash on it or that people will bargain it down a little bit, and the average person will not know better. However, the buyer's agent will know better, they will know the area and will know that the asking price is too high. In the long run it will deter people from the house and you will eventually bring the price of the house down on your own. The solution is to choose a price that you want to sell the house for. Make sure this price is appropriate for the market and you should be satisfied with the sale of your home.

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