How to Add Military Experience to your Resume

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If your time in the military is coming to an end, you may be worrying about the transition back to civilian life. One of the biggest things to get in order is a civilian job. Your military makes you a great fit for leadership opportunities in the corporate world, as long as you know how to frame them correctly. Here are a few tips for including your military experience in your resume.

Avoid military jargon
Titles like Battery Commander, Auxiliary Officer, Equipment Operator, and Assistant G-3 Training Officer sound impressive to others who’ve spent time in the military. But, civilians who have spent no time in the military have little frame of reference to what those titles mean. While in an interview you would be able to explain what these terms mean, recruiters may not select you for an interview if they don’t understand your experience. You want to explain the duties of these titles with the civilian application of your military skills on your resume.

Provide a full picture of your military experience
During your time in the military, you likely worked in a variety of positions that have taught you valuable corporate skills. Include your interpersonal skills gained from coordinating with teammates, subordinates and commanders. Share how you were able to unite these different groups. Whether you were a unit commander or noncommissioned officer, you gained leadership experience throughout your service.

 

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Real Estate Terms Everyone Should Know

If you’re looking to buy your first home or your first investment property, there’s a lot of terms thrown around during the process that you may be unfamiliar with. Here are six of the most common real estate terms you may not know.

Amortization
Amortization is a way of paying off your fixed-rate mortgage that combines the principal and the interest. This equalizes the monthly cost of the mortgage and makes your payments predictable. During the beginning of paying back your mortgage, the interest payment is high while the principle is low, and at the end of the loan, the interest payment is low while the principle is high.  This characteristic provides favor to a lender who will receive the majority of his interest payments early in the loan process. The borrower will stand gain the most by holding the property as long as possible toward the end of the term when the monthly payments will be more principal than interest.

CMA
The Comparative Market Analysis, or CMA, is a report of similar homes in the area that were sold recently or are on the market right now. These reports can be useful when to determine an appropriate value for your home.  Real Estate Broker’s perform these and they are based on the values of similarly selling properties.

 

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Real Estate Trends for 2019

2019 is here and with it new predictions for what will happen in the real estate market. In 2019, expect mortgage rates to increase. Costs will increase for home buyers, which will create a higher demand for rental properties.

Technology advancement
Technology will continue to advance and change the real estate market this year. Real estate technology has evolved rapidly, and services like Zillow and Trulia have changed the way buyers, and sellers think of the market. It’s necessary for investors considering purchasing a property to realize and understand the difference between value and price.

New buying patterns
Baby boomers currently living in traditional two-story homes will start looking to downsize and move into ranch-style homes. A one-story house means no stairs to navigate into old age. This transition will cause the value of one-story homes to increase as they become higher in demand.

Millennials will continue to purchase homes this year. Experts predict millennials will account for 47 percent of mortgages this year, compared to 37 percent of Gen Xers and 17 percent of baby boomers. They’re looking for affordability and quality of life, meaning they need to trade in urban life for the suburbs.

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How to Survive Your First Jury Trial

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I have been practicing law for more than a decade now, and I like to think of myself as an expert in the field. It’s a complicated industry, but it is an absolutely crucial one; without it, some of us may never find justice. And because of my expertise and belief in fighting for what is right, I feel as though it is my duty to pass on my knowledge to up-and-coming lawyers.

For those that are unaware, the jury trial is any case or proceeding that will be determined by a jury as opposed to the judge. This is a very different type of case, and requires practice and tact.  The overwhelming majority of cases settle before ever going to trial. Of those that go to trial, only some are decided by a jury. For this reason, one of the most difficult, and nerve-wracking, aspects of being a lawyer is the jury trial. It can be tough and it will always be a learning experience, particularly for novice lawyers.

So, here are a few tips and tricks on how to prepare for your first jury trial.

The rest of this article can be found on Michael Fourte’s website.

How to Challenge a VA Appraisal

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Purchasing a home is usually one of the largest investments a person can make. This is why it is absolutely critical that you take every detail into account in order to ensure that you are receiving the best possible deal. One of the best ways to do this is by requesting an appraisal of the house, which, essentially, allows you to determine the fair market value of the home. If you are a veteran and are purchasing a home with a loan backed by the Department of Veterans Affairs (VA), an appraisal is mandatory. While appraisals help in giving buyers as much knowledge possible in order to make an informed decision, are they always accurate? What if you wanted to challenge that appraisal because you think it’s a bit unfair? Well, today’s blog will provide some tips on how to do just that.

Get Your Information Straight

When requesting an appeal, you aren’t exactly simply asking for a “re-do”; you must present proof that shows that the original appraisal was, in fact, erroneous. In order to do this, you must get all of your information in order and comb over every piece of it. Once you’ve been given the appraisal report, you must read over it in its entirety and create an airtight case, otherwise, you risk wasting your time. Some of the most common mistakes are those related to square footage and additions and renovations that can positively or negatively impact the property’s value.

The rest of this article can be found on Michael Fourte’s website

What’s the Difference Between an Asset Manager and a Property Manager?

 

Michael-Fourte-Property-Management-1080x675While it may sound like property management and asset management are different names for the same thing, the two careers are actually very distinct in nature. Both are essential parts of managing real estate properties, but the two roles handle different aspects of management.

A property manager is a person that handles the day-to-day of property operations for both commercial and residential real estate properties. This includes scheduling repairs, handling leases and collecting rent. An asset manager, however, focuses on maximizing and adding long-term value to a property, typically for commercial properties. This includes acquiring new properties, market forecasting and research, and financial analysis. This role requires more strategic thought in order to enhance the property and add extra value.

The lack of distinction between the two roles also stems from property managers being expected to do more at certain real estate firms. In some firms, there is a clear line between the two roles, while at others the line is much more blurred. Many property managers today are also responsible for financial analysis and preparing annual budgets. As the list of responsibilities a property manager is expected to perform continues to grow and change, the definition of what a property manager will as well.

The rest of this article can be found on Michael Fourte’s website

What is Lis Pendens and When to File?

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The real estate market is littered with confusing terms that can turn someone away from buying a property. One of the terms people might not be familiar with is lis pendens. A lis pendens is a term a lawyer uses for a pending lawsuit related to the title of a property. The term is Latin for “a suit pending.

Lis pendens is a document that indicates someone has filed a lawsuit on a specific property. Once the court has received notice, it is then certified and committed to record by the county recorder. When a lis pendens is filed, it must specify the exact property, the individual involved, and the relief sought for the property.

One of the biggest filings of a lis pendens happens because of lender foreclosures, but they can also be filed for short sales and other real estate sales. When a lender starts the steps of the foreclosure process, one of the first things they do is file a lis pendens. This alerts the owner of the property that the property is under dispute and the lender is attempting to seize ownership as collateral for the loan that the borrower has defaulted on. Most creditors whose debt is waged against a piece of real estate may also file lis pendens.

While a lis pendens can be filed during the foreclosure process, it can also be filed when someone believes that a title of the property belongs to someone. In these cases, there is a motive to prove ownership before the property can eventually be sold. The sale helps bind the defendant to the property until ownership is settled.

The rest of this blog can be found on Michael Fourte’s website