Protecting real estate properties with solid wills during coronavirus era

Covering properties with solid wills during COVID-19 period? Waiting for the ‘unicorn’. Unicorns do not exist in real estate, and finding the perfect property is like finding a needle in a haystack. Looking for perfection can narrow your choices too much, and you might pass over solid contenders in the hopes that something better will come along. But this type of thinking can sabotage your search, says James D’Astice, a real estate agent with Compass in Chicago. How this affects you: Looking for perfection might limit your real estate search or lead to you overpaying for a home. It can also take longer to find a home. What to do instead: Keep an open mind about what’s on the market and be willing to put in some sweat equity, DiBugnara says. Some loan programs let you roll the cost of repairs into your mortgage, too, he adds.

The Realtor you choose will play an important role in making a successful sale. A reputable Realtor in Germany will constantly monitor the multiple listing service (MLS), know the comps in your neighborhood, and know what properties are going on the market. A Realtor that works by themselves may not have all the skills they need to help you from start to finish. Another reason why we recommend having a well-balanced real estate team help you through the entire process, and why we formed one ourselves! Since 92% of homebuyers begin their house hunting online, you need to make sure that your agent is doing a good job showcasing your home properly by using appealing pictures (At least a minimum of 6 for a successful online listing).

Affidavits have been permitted to be sworn remotely, even if full regulations to permit the process have not been introduced, and the courts have been operating on limited scales to deal with a variety of urgent litigation matters electronically and by way of video conferencing, with more routine matters like probate applications (Certificates of Appointment of Estate Trustees), being handled in one way or another. Consultation meetings with clients themselves have been arranged by way of various video conferencing facilities and on occasion in socially distanced settings, again with masks and sanitizer until in-office meetings can again be scheduled. Read additional info at Wills And COVID-19.

Video-witnessing should therefore be a last resort for those cases when there is no other option for getting a Will signed. The government have issued guidance on the steps to be followed. All parties need to be present at the same time by way of a two or three-way live video link. The witnesses must be able to see the will-maker signing the document, not just their head and shoulders. The Will/Codicil then needs to be taken or posted to the witnesses to add their signatures, again via further live video session(s) with clear sight of the witness signing.

Have an Emergency Fund: If you lost your job tomorrow would you have enough money to live off while you look for a new one? If not then you’re not alone. This study found that although Americans are doing a better job at saving, around 24 percent of them (57 million people) don’t have an emergency fund. Now I don’t want to be a negative Nancy or a Debbie downer, but emergencies happen all the time. They may not happen to you, but it’s always good to be prepared. You can’t predict an emergency, but you can prepare for one. The best way to do so is to set up an emergency fund of 3-6 months living expenses. That means if you lost your job tomorrow, you’d be able to live off your emergency fund for 3-6 months while you look for a new one. Net worth can seem like a tricky topic, but it’s quite simple. Your net worth is how much money you are worth. If you were to sell everything you own, then pay off everything you owe, how much money would be left?

A lot of discussions have taken place over the past seven months or so in light of COVID-19 and the market reaction to it. The purpose of this client briefing is to share some observations with you from our recent experiences across our deals in the United Kingdom: Lenders are currently showing a degree of flexibility in their approach to defaulting and/or potentially defaulting borrowers. This is prevalent specifically in scenarios where the relevant events of default, and/or potential events of default, have been triggered by events outside the control of borrowers or where the loans were fundamentally performing pre COVID-19. Read extra information on https://techbullion.com/wills-and-covid-19-safeguarding-your-assets-during-a-global-pandemic/.