How To Buy A House When Selling Another

Are you planning to sell your old house and buy a new one? Well, that’s entirely possible. We are taking the liberty to outline your options for buying a home in Florida. Read them to determine the one that works for your case. Follow these tips to create a plan that ensures the process runs smoothly.

Buy and Rent

A. If You Buy You Sell

Buying your house before selling the old one is the trickiest of all methods. While it is not impossible, it requires more financing than you already have.

If you want to buy a house before selling a new one, you’ll face various risks and roadblocks. The common ones are:

  • How do you come up with an adequate deposit/down payment?
  • How do you manage your debt to income ratio while owning the two properties?

Keep in mind that many options that seek to solve the first problem will impact negatively on your resolve to answer the second. Work with your real estate agent or financial advisor to evaluate your options before taking any action.

At times, you may get your ideal house at an early stage of your search. If this happens, consider the following options.

1. Make Use of a Home Sale Contingency

Including a home sale contingency in every offer you make is the easiest way to deal with this case. The contingency plan offers you an opportunity to look for a buyer before settling in your new home. Where you can’t get a buyer, you’ll have the option to seek a contract extension or back out of your deal.

Does this option seem too right to be true? Unfortunately, the offer is too good to be true. Home sale contingency plans aren’t much of a thing these days. Sellers don’t like them as they offer little or no reassurance that you can buy their property. However, you’re free to include this clause in all the offers you make. But don’t forget, the phrase may impact your strength to make an offer negatively.

2. Get a Loan

At times you’ll need a loan to finance your new home before selling the old one. One option to consider would be the bridge loan. So, how does a bridge loan work?

It’s a short term financing option that makes it easier for you to pay your mortgage loan. With this, you don’t need to carry the mortgage costs.

When your house sells, you’ll use the money to pay the bridge loan.

As you can see, a bridge loan is essentially a gamble. It comes with strict payment terms and a higher interest rate. For the investment to work, the payments need to be on time. Therefore, if your old home sells at a lower price or doesn’t sell on time, you’ll be responsible for ensuring you make the payments on time. Remember, foreclosure can be a problem especially if you have financial problems for example if you lose your job or failing to sell your old home on time.

3. Keep Two Properties for Sometime

Holding to the two houses can be a stretch financially. But where you can afford the option, it is your best bet. The option allows you to shop and buy a new house without taking a loan or using a home sale contingency. Alternatively, you can consider a short sale depending on certain factors like current market conditions, location and offers from potential buyers.

B. If You Sell You Buy

Selling your old house before purchasing a new one offers you a financially secure option. In this way, you’ll know the amount of money you need to buy a new house.

However, the method has a share of inconveniences. For example, where do you stay after selling your house and before buying a new one? Plus, how do you deal with the stress of moving twice? Well, here is how to go about it.

1. Make Use of the Settlement Date to Your Advantage

It’s the easiest way to avoid the hassles of moving twice. Where possible, try to align the closing date on your old house with the settlement date on your new home. In this way, you can quickly move directly from your old house to your new house without looking for shelter in between.

It’s important to note that giving or writing an offer is part of the negotiation process. If you want to have matching settlement dates, you should be ready to be flexible with other parts of your contract. It’ll act as a gesture of good faith which may make them agree to your offer.

2. Request for a Rent Back Contingency

A contingency is a simple way in which a buyer or seller protect their interest. Before closing on the sale for your old house, you may request the buyer to offer a sale-leaseback contingency. It will buy you some time to look for a new home after selling yours. The parties should agree on the leaseback terms and the rent payable per month.

A leaseback contingency is beneficial to all parties. As the seller, it allows you to close on the sale, get the finances you need to purchase a new house without having to relocate.

Remember, with a leaseback policy, you’re requesting a favor from your buyer. Remember, the person buying your house isn’t obliged to honor your contingency plan. After all, a buyer may be working on a buy then sell the idea. However, it doesn’t hurt to make an offer. So, be sure to include it.

3. Look for a Short-Term Rental Unit

At times, things don’t work according to plan. If this happens, look for a decent rental unit to stay until the time is ripe to occupy your new house.

The point of concern is, being a renter for a short period can be expensive than long-term renting. Plus, you’ll need to look for a storage space that can hold your excess belongings.

Conclusion

Buying a new home while selling the old one and trying to close the deal at the same time is not easy. It’s not only a matter of coordination and logistics, though these are the main challenges. It’s also challenging because someone- the person selling you a new home- is taking a risk.

Business Fundamentals That Are Collectively Essential

The value of a company is affected by five factors which are collectively referred to as fundamentals of business. They are finance and accounting, marketing, strategic planning, leadership, and international business. For instance, if an organization gets things wrong in its accounting department, everything else will fail. Likewise, insufficient marketing will result in low sales and hence, low-profit margins. The fundamentals of the business must be balanced for the long-term stability and success of the company.

Business documents

Finance and accounting – the cash a business has is highly essential.

What matters more here is the cash flow. You will be shocked at how some businesses take the issue of finance and accounting so lightly. The role of the accounting department is to keep track of all finances of a business and determine if the company has more cash in its reserves at the end of a period than what it had at the beginning of that specific period.

An organization requires funds to grow by completing its projects, paying its employees, buying raw materials, and venturing into new areas. Projects funded by the company’s cash are expected to begin generating revenues once they are completed lest they create a hole in the organization’s financial plans. When a company is accumulating debt instead of spinning cash, you know it is headed for doom.

Marketing – what does the client value?

Marketing entails, as a producer, removing the blinders that you wear about your services or products, wearing the lens of the customer, and having a second look at your products or services. Through the customer’s lens, you can see the actual value of your service or product to the customer.

Your product could be the best you’ve ever produced for the market. You might also think that the market should need it. But that’s just that – if the potential consumer doesn’t value it, you’ve lost the battle.

Strategic planning –being in the right market matters more than marketing itself, whether it is a home business or a big corporation doing it.

This is easily said than done. Strategic planning entails taking all measures and research to ensure that the business is promoting its products or services in the correct market. What is the correct market? Or so you may ask. Any niche in which a business can grow by making profits on its products or services is will be considered to be the correct market. Here is something to ponder about: whose reputation remains standing when a failing business with brilliant strategic planners tackles an established business with bad economics? It is the reputation of a successful business with bad economics. It applies to all sizes, small business and big corporations alike.

Leadership – having the best team leading the organization is priceless.

One person is never as smart as a team. Most of the insights that push organizations to great heights come from team members, not an individual at the top of the leadership structure. The more diverse a team is the better. For instance, if a team consists of skilled individuals from such backgrounds as marketing, human resource, management, finance, and even clientele background, it will be capable of pooling together a wealth of ideas that could prove useful to the organization. But that’s only possible if they are willing to speak their minds out. This can be affected by the nature of the folks at the top of the leadership structure. If the CEO is the type that would micromanage the organization and exert undue pressure on the staff, the concept of teamwork might never work at all.

International business – learning someone else’s culture is more important than we think.

If a business must deal with international clients or must operate in culturally diverse areas, the success of that business will be determined by its understanding of other people’s cultures. You see, doing business globally is all about being privy of what your Korean supplier thinks or what your German consumer wants. The spirit of entrepreneurship is partly fueled by your knowledge of other people’s cultures.

Bottom line

These are the core fundamentals of a business. There are other determiners as well such as operation systems and processes, demand, and supply-chain related factors. But the fact remains; the background on which business thrives consists of earnings, sales, marketing, leadership, strategic planning, finance and accounting, and such things as wage rates and taxes. And that’s probably why improving the fundamentals of the business are often viewed as bullish for stockbrokers.

Alternative Medicine Demands A Place In The Future Of Health

Alternative medicine (also referred to as integrative, complementary, holistic, or complementary and alternative medicine) is a term used to describe any practice whose goal is to attain the healing impacts of medicine but that is untestable and has no biological plausibility. A common feature of alternative medicine or therapies is that, rather than relying on the scientific method of research, they rely on pseudoscience. Some of the most popular types of alternative therapies include:

Natural Therapy To Treat The Whole Person

Acupuncture

Derived from an ancient Chinese practice, acupuncture is an alternative medicine method that involves the insertion of sterilized needles in various spots along the energy lines (meridians). The main idea behind the insertion of the needles along the meridians is that the lines connect the body’s vital organs and as such, the energy pathways or lines can be manipulated to not only rebalance but also redirect energy. Imbalances are usually believed to cause various symptoms of sickness.

Research has shown that acupuncture treatment is effective in managing fibromyalgia, relieving chronic pain, and minimizing the risk of vomiting and nausea related to the anesthesia used in surgery. It has also been found to successfully complement cancer treatments, ease knee pains more especially among individuals with osteoarthritis and other neck and low-back pains, and increases the probability of successful vitro fertilization (IVF) implantation.

Chiropractic

This is a form of alternative therapy that focuses on diagnosing, treating, and preventing structural imbalances which could lead to immune system, metabolic, and nervous system disorders. According to Hippocrates, an ancient Greek physician as well as philosopher, the spine is the ’cause of illnesses.’ This essentially means that essence of healing and health is contained within the spine which houses the nervous system.

In recognizing the ability of the human body to heal itself, chiropractors usually adopt natural and conservative treatment methods. They also take into account the vital role that the nervous system and other corresponding body organ systems play in preserving and restoring human health.

Neurology is key to chiropractic since the brain, peripheral nerves, and spinal cord are part of the nervous system, and as such, are important in determining the cause of a disease. Chiropractors undergo training on how to identify nerve pressure as well as how to relieve it by making spinal adjustments that ensure that important nerve flow is opened up to rehabilitate and revitalize connective tissues, bones, and organs without surgery or drugs.

Sports Medicine

Over the past two decades, research has established that wherever joint or muscle problems and structural imbalances occur as a result of injury, impact, and/or strain, there is a distinct difference between primary and secondary areas of restriction. Focusing on world class athletes from countries such as Australia, Russia, and the U.S, research has found that the primary restriction areas are usually clearly defined.

Effectively treating sports-related injuries requires an in-depth knowledge of how to identify the primary restrictions and how they reflex to the other involvement areas. The first step is to isolate and then address the issue, which is why sports medicine is considered a holistic and effective alternative treatment approach. The methods used in sports medicine focus on releasing the primary areas of restriction to aid the body to naturally respond which in turn helps to resolve the secondary areas of involvement. Once the restrictions are resolved, the individual is able to go back to training and competing.

Massage Therapy

A massage therapy is basically an extension of the spa massage. As a form of alternative medicine, massage therapy has been found to be effective in relieving pain associated with fibromyalgia, headaches, and cancer. While most people need a relaxing massage after a stressful day, for those struggling with chronic pain or injuries, a massage is not just a treat but a form of alternative medicine.

There are over eighty types of massage therapies including deep-tissue, pressure point, Swedish, and Shiatsu massages that involve pressure being applied to the muscles as well as soft tissues to facilitate the free flow of blood, relaxation of muscles, and relieving of pain. The healing technique is not new and can be found in ancient Japanese, Greek, Chinese, Roman, and Egyptian texts. It has been used to resolve a wide range of musculoskeletal issues.

Homeotherapy

Derived from two Greek words “homo” (same) and “path” (illness), homeotherapy is an alternative therapy developed in Germany whose main principle is that small quantities of substances sourced from plants, mineral, or animals can be used to remedy the same symptoms that they cause if administered in larger doses. Symptoms are usually a reflection of how the body is responding to an underlying disease. Homeotherapy is premised on the idea that the remedies can foster the self-healing mechanisms of the body.

These remedies are diluted before they are administered. The sequential dilution process is important as, by distilling the substances’ true essence, their effects are greatly enhanced. While homeotherapy remains relatively under-researched, various studies have shown that it can help to control hay fever, reduce the symptoms of vertigo, manage diarrhea among infants, and boost immunity among people with HIV.

How Do You Really Fill About Yourself? Seek Self Improvement

Let’s face it, we all have days where we feel less than perfect about ourselves. Our hair just doesn’t seem to fall right, or our clothes are ill-fitting. Although the occurrence of viewing ourselves in a less than ideal manner is natural, the feeling shouldn’t linger.

Sadly, thousands of individuals, unfortunately, feel negative about themselves; albeit their appearance or current circumstance.

In fact, Dr. Joe Rubino, the author of The Self Esteem Book, reported that over 85% of the world’s population suffers from having a low self-esteem. This statistic leaves us with a world full of beautiful people who are unable to see their beauty for themselves.

Are we all doomed to live and die in an unhappy state? Fortunately, the battle of esteem can easily be won. Humans are creatures of habit. How can you overcome a pesky habit? By taking action.

Negative self-thinking is a learned habit that can be conquered by changing the way you think. With a few tips and tricks, you’ll be able to heighten your opinion of yourself and live a life of purpose.
Mindfulness

Repeat Daily Self-Affirmations

Self-affirmations are an excellent way to identify your strengths. In fact, a research study found that individuals who practiced positive thinking after receiving a serious diagnosis of an illness were able to process the information and develop positive coping strategies.

One excerpt reads, “Two recent sets of research findings suggest that positive beliefs and experiences increase attention to useful self-relevant negative information and thus may facilitate effective coping.”

If positive self-thinking can assist with life-altering illnesses, surely it can help you to develop a positive self-image.

How do you practice self-affirmations?

It’s simple, repeat to yourself reasons why you love yourself. Many like to stare in the mirror and list their positive qualities daily. Others find success with writing down five to ten of their favorable traits in a notebook.

The key here is to focus on what you appreciate about yourself; not others. Once you’ve gotten into the habit of feeding your mind with positivity, you will find that the previous negative voice will be silenced. Changing your thinking is crucial if you want to raise your self-esteem. You have to believe you are great in order to exude it.

Live Well

Living well isn’t limited to engaging in exciting activities or making tons of cash. It’s a deeper connection to your body, mind, and spirit. The foods you consume have a lot to do with your moods. In fact, foods high in dairy and processed sugars are recipes for disaster if you’re trying to think positively. Being mindful of what you put into your body will make you glow from the inside out!

In addition to eating well, engaging in some sort of physical activity is beneficial to your overall health. Getting outside and taking in the sun will boost your serotonin, also known as, the happy chemical in your brain. When you take care of your body, you’ll see changes in how you view yourself. You’ll become stronger both mentally and physically.

Choose Your Company Wisely

Self-esteem starts from within. However, surrounding yourself with positive people will only encourage you to continue to think happy thoughts about yourself.

Choosing companions who honor your strengths and acknowledge how great you are creates a healthy space. The danger in attempting to improve your self-esteem while surrounding yourself with negative people is that their mentality will eventually rub off on you.

You’ll begin to live in that space of negative thinking without even realizing the repercussions. People who inspire you, motivate you and challenge you are friends that will support your esteem. They respect you, so they would never intentionally attempt to taint your character. After you’ve established a firm hold on how you view yourself, it will be easy to attract like minded people who think similarly.

You have to live with yourself for the rest of your life. Why not make the experience a great one! We all have so many unique talents and opportunities to give to the world. It’s only right that we see the beauty we possess within ourselves.

By making the above tips a form of habit, you’ll be well on your way to improving how you see yourself and living a purpose filled life.