How Can Doc Fees Affect A Real Estate Deal?

How Can Doc Fees Affect A Real Estate Deal?
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So you are finally about to sign the contract on your new home. You probably think it’s safe to assume you know the price terms, since they’re what you offered to pay. You even understand how your real estate agent receives a commission for helping you find your home of choice, because you did your research. Is a doc fee now showing up as an unforeseen part of your home expenses in order to obtain access to your new home’s actual title?

A documentation fee is a price charged higher than and beyond the normal costs of employing a real estate agent and paying the purchase price of the home. You might refer to this as a hidden fee. A real estate agent, on the other hand, would likely refer to it as service fee for getting the appropriate paperwork for the title of your house and other related documents.

There is a huge variance of opinions out there about this fees. Documentation fees are absolutely abhorred by some brokers and these brokers specifically advertise that they do not charge such a fees. Then again, some other agents praise this fees’ existences, citing them as a needed fee for the cost to obtain the relevant documents. This fees are regulated by state government to an amount that is non-negotiable in some states like California. Real estate agents in other states that do not have laws regarding documentation fee regulation are free to set their own amounts, if they want to charge a this fee at all.

A similar and usually more publicized version of this topic comes up during the purchase of a vehicle. You can have even experienced this at a car dealer, since many charge a similar fee in order to create a title to a new automobile for you. In online message forums, this added charge is actually the cause of substantial debate. Lots of people claim the doc fee is a scam to lure buyers into buying an automobile they think costs less than it actually does as a result of a pricey fee added into the back end of the purchase agreement.

Whatever your opinion on doc fees, be sure to do your research before signing your name on the dotted line for any major buy, be it automobile or house. Ask your real estate broker right away whether he or she charges a doc fee. Whether or not your state of residence regulates the use of this fees should also be researched. In the end, doing your homework is essential to a satisfying purchase, no matter how you cut it.… READ MORE

Stop Worrying About Personal Finances and Enjoy What You Have

If you are like most people, your finances is not where you want them to be at the moment. Some people spend their time worrying about how they will get their finances in order and forget to enjoy what they already have.

Yes! Your finances is important and you should work hard to get it under control, but spending your time worrying will not help you. Achieving your financial goals will not happen over night, it will take time. As long as you continue to give it your best and complete your short term goals, success will come. In the mean time try to enjoy your life. One of the worst mistake you can make it leaving entertainment out of your budget. We are human and we need to laugh and have fun.

The only time you should have your finances on your mind is when it is time to deal with them. When you get your check, when you are paying your bills or when you are allocating your savings, the rest of the time should be spent having fun with your family and friends.

If you have a hobby make time for it, if you don’t then find something you love and do it. If it cost money, work it into your budget, if it is expensive save for it. Spending time with your family should be a priority over everything, do not let money stop you from having fun. Save for a family vacation, if money is tight, have one every other year instead of every year. If you can not afford to go to the movies rent a movie and watch it at home together, do not cut out entertainment completely for yourself and your family, it will never work.

Life is short and you cannot take your money with you when you die. Spending your time worrying about money will only make your life shorter and miserable. Go out and enjoy what you have and stop killing your self worrying about what you don’t have. What are you waiting for, GO!… READ MORE