Category — Real Estate News & Tips

4 Reasons to Buy a Home in the Spring

4 Reasons to Buy a Home in the Spring

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 4.4% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.6% over the next year.

Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage came in at 4.41% last week. Most experts predict that rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgageeither yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The cost of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

 

Written By KCM Crew

https://www.keepingcurrentmatters.com/2019/03/11/4-reasons-to-buy-a-home-in-the-spring/

March 11, 2019   No Comments

Down Payment Dilemma: How Do You Know How Much To Put Down On A Home?

You’d be a homeowner right now if it weren’t for one thing: the down payment. Right? Even for those who have decent credit and make good money, the down payment is often the great homeownership killer.

For many others, who do have enough money set aside to make a substantial down payment, the question is: how much? Conventional wisdom—not to mention most of the banks and a good portion of homebuying and financial experts—will tell you that 20 percent is the standard bearer when it comes to down payments. But is it really necessary to put 20 percent down?

The short answer is: no.

Now for the long answer.

“Raising a 20 percent down payment isn’t an easy thing to do. Fortunately, you don’t have to. “It’s a myth that all homebuyers must have a 20 percent down payment to buy a home,” says Nancy Herrera-Siples, a Riverside, Calif., branch manager at Primary Residential Mortgage on U.S. News. “So why do you constantly hear that you need to put 20 percent down? Because if you don’t, it usually means you’ll have to shell out money for either private mortgage insurance or government insurance, which is usually financed by the Federal Housing Administration (FHA).”

And there’s another rub for those who are already struggling to come up with the minimum down payment: that extra couple of hundred dollars per month feels like a penalty. It’s not, of course—”Mortgage insurance protects the lender in case you can’t make your payments and the house is foreclosed on,” said U.S. News—but that money can make a significant difference for those who are stretching to buy a home.

Still, when your only option to buy is a low down payment, which can mean an FHA loan or one of the new low down payment loans from Freddie Mac and Fannie Mae—”At the end of 2014, the two government-backed companies announced plans to slash down payments from 5% to 3%,” said CNN—PMI might literally be a small price to pay. Especially if swelling rents are making homeownership look more and more promising. Remember that PMI does go away eventually when your loan balance is 80 percent or less of the home’s value. If you’re in an area where homes are rising in value, this could happen sooner than you think.

Still confused about the ins and outs of down payments? Here are a few reasons to go high…or low.

When to make a substantial down payment

  • When you’re looking to keep your monthly payment as low as possible and have cash to spare
  • When you just can’t fathom paying PMI
  • When your goal is to buy a forever home and own it free and clear
  • When you are approaching retirement age and can envision a reverse mortgage sometime down the line
  • When you want to buy your house and pay it off as quickly as possible
  • When the rate is lower with a higher down payment. “The more you put down, the better position you are in for negotiating a lower interest rate with your lender,” said Credit.com. Plus, a “low down payment might affect other loan features, such as…the points, which are upfront interest charges,” said Banking My Way.
  • If you’re worried about being under water. If the market should drop in your area, you run the risk of owing more than your home is worth.

When to go low

  • When you don’t have the funds for a higher down payment and can’t earn or borrow them quickly enough
  • When the rate on your FHA or Fannie or Freddie loan is comparable to that you’d get with a higher down payment
  • When you need to escape a high-rent situation and the monthly payment on a house is lower than what you’re currently paying, even with the PMI factored in
  • When you’re confident your home will appreciate quickly, allowing you to refinance and get rid of PMI quickly
  • When your investments can’t be touched without a penalty or are returning better than the interest rate you’ll get on your home
  • If you have something better to do with the money. “If you bought a $400,000 home, 5% down would be $20,000, while 20% down would be $80,000—a whopping difference. An immediate need such as a college tuition payment would make the smaller down payment more appealing,” said Banking My Way.
  • When you feel more secure setting money aside for emergencies instead of tying it all up in your house.

 

Written By Jaymi Naciri

Source: https://realtytimes.com/consumeradvice/buyersadvice/item/38415-20150917-down-payment-dilemma-how-do-you-know-how-much-to-put-down-on-a-home?rtmpage=

March 11, 2019   No Comments

Selling Your Home? Make it a Summer Dream Home for Buyers

Selling your home in the summertime can be a great opportunity to attract buyers. Having your home “summer-ready” can increase the chances of it selling faster.

Searching for homes often increases just as schools let out and families have some extra time to begin the hunt prior to the next school year beginning.

As a seller, there are a few things you can do to create a summer-ready home that influences your buyers to step inside and stay a bit. The longer they stay when previewing your home, the greater likelihood that they’re considering making an offer.

Make sure your winter decorations are put away and stored. I know this sounds basic and maybe even amusing but there have been instances when lingering holiday decor still adorns some areas of the home. This may be charming to the homeowners but rest assured it’s not to prospective buyers. It’ll simply look like clutter.

Pull the heavy-duty winter rugs up. If you have beautiful flooring like hardwood, go bare for the summer months. Revealing well-kept floors can be a big plus. Rugs that lined the floors in the winter months can be packed up when you’re listing your home for sale in the summer months.

Make the home look like the season and match the neighborhood. If it’s bright and cheerful outside, invite that into your home by opening up the windows and letting natural light flow through. If there is one, let a cool breeze blow in or keep the air conditioner on so that it’s a comfortable temperature to tour your home. Nothing is worse than entering a home to preview and finding that you can hardly stay inside because it’s stuffy and blazing hot.

Tidy up the backyard. Sometimes a lot of attention is given to the interior of the home and the outside area gets overlooked. Remember, in the summertime especially, homeowners will be sure to check out your yard. Make sure that it hasn’t become a dumping ground or storage for all the stuff you’re trying to get rid of before you move. Instead, create a pleasant vision for your prospective buyers by setting up the backyard with cute outdoor furniture. If you have gardens, make sure that you keep tending them. Don’t let them get overgrown. The charm of a lovely outdoor space, large or even petite, will be appealing to most buyers, especially if they’re starting with one that’s already designed and maintained.

Clean your fans and vents and change the heating/air conditioning filters. If you’re not using or living in the home, the fans and filters can collect a lot of dust. Be sure not to overlook cleaning these things as a dirty ceiling fan can whirl off a lot of dust and debris when it’s turned on. It’s not a good way to start a showing by flipping a switch and having handfuls of dust flutter about the room. Cleaning and changing air conditioning filters takes only a few minutes, but the return is huge.

A few simple things can help you “summer-ize” your home so that the prospective buyers can’t wait to move into the home and enjoy the rest of the summer.

Written By Realty Times Staff

Source: https://realtytimes.com/consumeradvice/sellersadvice/item/36491-20150710-selling-your-home-make-it-a-summer-dream-home-for-buyers?rtmpage=null

March 7, 2019   No Comments

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Why an Economic Slowdown Will NOT Crush Real Estate this Time

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future:

“While only 10% of panelists expect a recession in 2019, 42% say a recession will happen in 2020, and 25% expect one in 2021.”

Their findings coincide with three previous surveys calling for a slowdown sometime in the next two years:

  1. The Pulsenomics Survey of Market Analysts
  2. The Wall Street Journal Survey of Economists
  3. The Duke University Survey of American CFOs

That raises the question: Will the real estate market be impacted like it was during the last recession?

A recession does not equal a housing crisis. According to the dictionary definition, a recession is:

“A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.”

During the last recession, prices fell dramatically because the housing collapse caused the recession. However, if we look at the previous four recessions, we can see that home values weren’t negatively impacted:

  • January 1980 to July 1980: Home values rose 4.5%
  • July 1981 to November 1982: Home values rose 1.9%
  • July 1990 to March 1991: Home values fell less than 1%
  • March 2001 to November 2001: Home values rose 4.8%

Most experts agree with Ralph McLaughlin, CoreLogic’s Deputy Chief Economist, who recently explained:

“There’s no reason to panic right now, even if we may be headed for a recession. We’re seeing a cooling of the housing market, but nothing that indicates a crash.”

The housing market is just “normalizing”. Inventory is starting to increase and home prices are finally stabilizing. This is a good thing for both buyers and sellers as we move forward.

Bottom Line

If there is an economic slowdown in our near future, there is no need for fear to set in. As renowned financial analyst, Morgan Housel, recently tweeted:

“An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.”

Written By KCM Crew

Source: https://www.keepingcurrentmatters.com/2019/03/07/why-an-economic-slowdown-will-not-crush-real-estate-this-time/

March 7, 2019   No Comments

Simple DIY Projects That Will Increase the Value of Your Home

Looking to boost the value of your home without spending hundreds of thousands of dollars? You can! Making changes in certain rooms, like the kitchen and bathroom, is more beneficial than in others. These simple DIY projects will help increase your home’s value the most.

Modernize Fixtures

Replacing outlet covers can cost less than a dollar each, but if they have paint or other things on it, it’s a good change. While you’re at it, consider updating the outlets themselves. For about $25-$30 you can buy an outlet that also includes two USB charging ports. With all the smartphones, tablets and other electronic devices lying around, just a few of those, well-placed, can make a big difference. Think about the rooms in your home that don’t have enough outlets and the rooms that are most used for charging.

A less expensive upgrade? Doorknobs. Mismatched, broken, and dingy doorknobs can be a major deterrent. For a small amount of money per knob, you can update the look and make the whole house more visually appealing.

Lighten It Up

The more light you can add to your home, the better. Freshening up or removing curtains can brighten your home and make it more inviting.

Replacing windows is also a great way to add value to your home, particularly true if you live in an older home that has a lot of windows that stick or that let in the heat or cold. Installing energy efficient windows can also get you a nice tax break. However, poorly-installed windows can let in water, which can lead to mold and cracked foundations, so this isn’t for everyone.

Old light fixtures, or light fixtures that are dim or unappealing should be replaced to brighten the house.

Makeover the Bathroom

Bathrooms consistently get a high return on the investment. If you have a small budget and you’re DIYing, start small. A new vanity. New sink. A nice ceiling light. A spa-like shower head. A nice towel bar. None of these things have to cost over $100, but they all add value to your home by freshening it up, providing simple conveniences, and making it nicer. Who doesn’t want one of those fancy shower heads?

If your bathroom floor is falling apart, suffering from water damage or is just outdated, you can restore it yourself pretty inexpensively. Many home improvement stores offer a class so you can learn what you don’t know, which might enable you to choose a more expensive flooring. Stick with a neutral shade to add the most value.

Freshen Up the Kitchen

The kitchen is one of the biggest things that will turn potential buyers on or off to a house. It’s also one of the places where you can get the most money back for your investment. What’s the single best DIY change to make in the kitchen? A fresh coat of white paint on the cabinets. Go ahead and change out the knobs, too.

Storage is another change to consider. Add more shelves, possibly with space underneath to hang coffee mugs. Kitchen islands are in demand now and building one with storage will add value.

Keeping Up on Maintenance

A home in good repair is always going to be more valuable than one with a leaky roof. If the siding is old or falling apart, replace it. Consider getting a home warranty, to ensure the value of your appliances. Also make sure to maintain the appearance outside, sweep up the leaves, trim the bushes, and keep fences in good repair.

Adding value to your home doesn’t have to be expensive or difficult. Sometimes, the simplest DIY can be the best place to start. Start by considering your budget and your home’s most pressing needs, and update from there.

Written By Damien Justus

Source: https://realtytimes.com/consumeradvice/homeownersadvice/item/1002051-20170509-simple-diy-projects-that-will-increase-the-value-of-your-home?rtmpage=null

February 18, 2019   No Comments

Top 10 Most Expensive Mistakes You’re Making on Your Home

mistakes_home

Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.

1. Using Traditional Light bulbs

If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home’s bottom line.

2. Ignoring a Leaky Faucet

A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is enough water to take more than 180 showers. Some of us live in areas where water is plentiful, but for those of us in areas plagued with drought, this could be costing you a fortune. Fix or replace your leaky faucet and save a ton on your water bill.

3. Using the Wrong Air Filter Size

We all sometimes forget to change out the air filters for our HVAC systems or accidentally buy the wrong size. But using the wrong filter or a dirty filter can increase your power bill and cause expensive problems for your furnace down the road. Use the correct filters for your system, and set a reminder to change them after the recommended amount of time. You won’t regret it.

4. Not Customizing Temperature

Invest in a customizable thermostat. If you’re away at the office all day, you can program your heater to shift down a few degrees while you’re gone and then shift back up shortly before you return home. Heating or cooling an empty home wastes a lot of money in energy costs.

5. Not Adjusting Air Vents Properly

Is one room in your home hot, while the others are cold? Oftentimes homeowners will crank up the air conditioning in the whole house to combat hot temperatures in one area. Instead, adjust air vents to direct the flow of air more evenly throughout your entire home. Professionals will come regulate this to ensure that your entire home is receiving the same amount of air conditioning or heating.

6. Over Watering Lawn

Many homeowners have their sprinkler systems programmed to come on in the early morning hours for optimum lawn health. This can become a problem, however, if you’re never around to see what you’re actually watering. A broken sprinkler head could be causing a fountain, or the trajectory of your sprinkler may be directed at a fence instead of your lawn. Periodically run your sprinklers during the day so you can see how they are performing when you’re not around.

7. Water Heater Temperature Set Too High

Unless you have a tankless water heater, your water heater is keeping the water in its tank hot 24/7. If you don’t keep an eye on the temperature as each season changes, you may be paying too much to heat your water. Decrease the temperature in the summer, and bump it back up when winter comes.

8. Leaky Windows and Doors

Leaky windows and doors are great places for cold, winter winds to enter your home. Many homeowners simply ignore them and crank up their heaters. Caulk leaky windows and put rubber seal around doors to keep winter winds out and warmth in.

9. Paying a Handyman

Don’t pay a handyman for a job that is simple enough to do yourself. If you’re unsure of how to do something, look up video tutorials online. Doing simple tasks yourself can save you a lot of money.

10. Ignoring Curled Shingles

It may be easy to ignore problems on your roof, but it will only lead to bigger problems later. If you see any possible issues with your roof, repair them as soon as possible, as this will save you significant costs later.

Use these 10 tips to cut maintenance costs on your home today.

 

Written By Cary Teller

Source: http://blog.rismedia.com/2016/top-10-expensive-mistakes/?utm_source=newsletter&utm_medium=email#close

February 15, 2019   No Comments

Top 10 Most Expensive Mistakes You’re Making on Your Home

Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.

1. Using Traditional Light bulbs

If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home’s bottom line.

2. Ignoring a Leaky Faucet

A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is enough water to take more than 180 showers. Some of us live in areas where water is plentiful, but for those of us in areas plagued with drought, this could be costing you a fortune. Fix or replace your leaky faucet and save a ton on your water bill.

3. Using the Wrong Air Filter Size

We all sometimes forget to change out the air filters for our HVAC systems or accidentally buy the wrong size. But using the wrong filter or a dirty filter can increase your power bill and cause expensive problems for your furnace down the road. Use the correct filters for your system, and set a reminder to change them after the recommended amount of time. You won’t regret it.

4. Not Customizing Temperature

Invest in a customizable thermostat. If you’re away at the office all day, you can program your heater to shift down a few degrees while you’re gone and then shift back up shortly before you return home. Heating or cooling an empty home wastes a lot of money in energy costs.

5. Not Adjusting Air Vents Properly

Is one room in your home hot, while the others are cold? Oftentimes homeowners will crank up the air conditioning in the whole house to combat hot temperatures in one area. Instead, adjust air vents to direct the flow of air more evenly throughout your entire home. Professionals will come regulate this to ensure that your entire home is receiving the same amount of air conditioning or heating.

6.Over Watering Lawn

Many homeowners have their sprinkler systems programmed to come on in the early morning hours for optimum lawn health. This can become a problem, however, if you’re never around to see what you’re actually watering. A broken sprinkler head could be causing a fountain, or the trajectory of your sprinkler may be directed at a fence instead of your lawn. Periodically run your sprinklers during the day so you can see how they are performing when you’re not around.

7. Water Heater Temperature Set Too High

Unless you have a tankless water heater, your water heater is keeping the water in its tank hot 24/7. If you don’t keep an eye on the temperature as each season changes, you may be paying too much to heat your water. Decrease the temperature in the summer, and bump it back up when winter comes.

8. Leaky Windows and Doors

Leaky windows and doors are great places for cold, winter winds to enter your home. Many homeowners simply ignore them and crank up their heaters. Caulk leaky windows and put rubber seal around doors to keep winter winds out and warmth in.

9. Paying a Handyman

Don’t pay a handyman for a job that is simple enough to do yourself. If you’re unsure of how to do something, look up video tutorials online. Doing simple tasks yourself can save you a lot of money.

10. Ignoring Curled Shingles

It may be easy to ignore problems on your roof, but it will only lead to bigger problems later. If you see any possible issues with your roof, repair them as soon as possible, as this will save you significant costs later.

Use these 10 tips to cut maintenance costs on your home today.

 

Written By Cary Teller

Source: http://blog.rismedia.com/2016/top-10-expensive-mistakes/?utm_source=newsletter&utm_medium=email#close

November 9, 2018   No Comments

Top 10 Most Expensive Mistakes You’re Making on Your Home

mistakes_home

Homes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are the 10 most expensive mistakes you could be making in your home.

1. Using Traditional Light bulbs

If you still have incandescent light bulbs in your home, you could be throwing a lot of money away every month on inflated electric bills. Over its life span, an incandescent bulb can use $180 worth of electricity. A CFL will only use $41 worth of electricity over the same time period. Even better is the LED bulb, which only uses $30 per bulb. Think what replacing every light bulb in your home could do to your home’s bottom line.

2. Ignoring a Leaky Faucet

A leaky faucet that drips one drop per second can waste more than 3,000 gallons per year, which is enough water to take more than 180 showers. Some of us live in areas where water is plentiful, but for those of us in areas plagued with drought, this could be costing you a fortune. Fix or replace your leaky faucet and save a ton on your water bill.

3. Using the Wrong Air Filter Size

We all sometimes forget to change out the air filters for our HVAC systems or accidentally buy the wrong size. But using the wrong filter or a dirty filter can increase your power bill and cause expensive problems for your furnace down the road. Use the correct filters for your system, and set a reminder to change them after the recommended amount of time. You won’t regret it.

4. Not Customizing Temperature

Invest in a customizable thermostat. If you’re away at the office all day, you can program your heater to shift down a few degrees while you’re gone and then shift back up shortly before you return home. Heating or cooling an empty home wastes a lot of money in energy costs.

5. Not Adjusting Air Vents Properly

Is one room in your home hot, while the others are cold? Oftentimes homeowners will crank up the air conditioning in the whole house to combat hot temperatures in one area. Instead, adjust air vents to direct the flow of air more evenly throughout your entire home. Professionals will come regulate this to ensure that your entire home is receiving the same amount of air conditioning or heating.

6.Over Watering Lawn

Many homeowners have their sprinkler systems programmed to come on in the early morning hours for optimum lawn health. This can become a problem, however, if you’re never around to see what you’re actually watering. A broken sprinkler head could be causing a fountain, or the trajectory of your sprinkler may be directed at a fence instead of your lawn. Periodically run your sprinklers during the day so you can see how they are performing when you’re not around.

7. Water Heater Temperature Set Too High

Unless you have a tankless water heater, your water heater is keeping the water in its tank hot 24/7. If you don’t keep an eye on the temperature as each season changes, you may be paying too much to heat your water. Decrease the temperature in the summer, and bump it back up when winter comes.

8. Leaky Windows and Doors

Leaky windows and doors are great places for cold, winter winds to enter your home. Many homeowners simply ignore them and crank up their heaters. Caulk leaky windows and put rubber seal around doors to keep winter winds out and warmth in.

9. Paying a Handyman

Don’t pay a handyman for a job that is simple enough to do yourself. If you’re unsure of how to do something, look up video tutorials online. Doing simple tasks yourself can save you a lot of money.

10. Ignoring Curled Shingles

It may be easy to ignore problems on your roof, but it will only lead to bigger problems later. If you see any possible issues with your roof, repair them as soon as possible, as this will save you significant costs later.

Use these 10 tips to cut maintenance costs on your home today.

 

Written By Cary Teller

Source: http://blog.rismedia.com/2016/top-10-expensive-mistakes/?utm_source=newsletter&utm_medium=email#close

September 10, 2018   No Comments

5 Reasons to Hire a Real Estate Professional Before Entering the Market!

Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal!

The 5 reasons you need a real estate professional in your corner haven’t changed but have rather been strengthened by the projections of higher mortgage interest rates and home prices as the market continues to pick up steam.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true real estate professional is an expert in his or her market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. So you found your dream house, now what?

There are over 230 possible steps that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to ensure you achieve your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. After looking at the list of parties that you will need to be prepared to negotiate with, you’ll soon realize the value in selecting a real estate professional. From the buyers (who want the best deals possible), to the home inspection companies, all the way to the appraisers, there are at least 11 different people who you will need to be knowledgeable of, and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start in order to attract the right buyers and shorten the amount of time that it’s on the market. You need someone who is not emotionally connected to your home to give you its true value. According to a recent article by the National Association of Realtors, FSBOs achieve prices significantly lower than the prices of similar properties sold by real estate agents:

FSBOs earn an average of $60,000 to $90,000 less on the sale of their home than sellers who work with a real estate agent.”

Get the most out of your transaction by hiring a professional!

5. Do you know what’s really going on in the market?

There is so much information out there on the news and on the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively and correctly price your home at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a lowball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has his or her finger on the pulse of the market will make your buying or selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic, so why would you make one of the most important financial decisions of your life without hiring a real estate professional?

 

Written By KCM Crew

Source: https://www.keepingcurrentmatters.com/2018/08/07/5-reasons-to-hire-a-real-estate-professional-before-entering-the-market/

August 8, 2018   No Comments

Clever Ways To De-Stinkify Your Home

Nobody wants a stinky house. Whether you getting ready to list your home for sale or you just want a fresher smelling place every day, there are numerous methods you can use. Of course, many of them involve some sort of financial commitment and a shopping cart full of products. But, natural methods and items you already have around the house can be especially effective – and cost-effective!

Hit the liquor cabinet

According to “cleaning expert and best-selling author” Linda Cobb, a homemade air freshener is “perfect for getting rid of odors in the bathroom, bedroom, or anywhere else in your home,” said Grandparents.com. Cobb puts a combination of water, “10-20 drops of essential oil such as eucalyptus, citrus, or lavender, and vodka” into small decorative spray bottles that she places all over the house “Vodka is the secret ingredient,” she said. “It soaks up the smell and evaporates quickly.”

Stock up on vinegar

  • This versatile liquid can work wonders in your home…and not just as a dressing on your salad! Here are just a few ways you can use it to absorb odors and leave your home smelling fresh.
  • Pour it down your drain to help get rid of bad food smells.
  • Add it to your laundry. It can neutralize musty smells (and even get musty smells out of your washing machine, especially if yours is front-loaded!).
  • Need to soak up some smells after cooking a meal? It can actually deodorize an entire room. “Just stick a bowl of vinegar in the corner, and after a few hours that odor will be gone,” said Lifehacker. For lingering odors that are giving you fits, try this: “Pour about a cup of white vinegar in a sauce pan on your stove top and bring it to a simmer. The simmering vinegar will release more odor-fighting power into the air, and if you let it go for a while.”

Pet odors

If you have pets, you have some sort of pet odors. You may not notice them because you’ve become so accustomed to the scent of your own home, but visitors probably get a whiff upon arrival. If we’re talking cat, there are a few obvious steps you can take, like changing the cat litter more often or relocating the box into an enclosed space like an extra closet or garage. Or, you can make a nifty enclosure like one of these. For urine on floors and upholstery, a black light is the best way to pinpoint any areas that need extra attention.

Stinky shoes

This is a serious offender if you have teenage boys or athletes – or both. Those tennis shoes can emit such a stink that you may be tempted to just throw them out the window. But, try these tips instead. “A natural chemical element, baking soda has the ability to absorb both spots, as well as odors and moisture and is therefore the best trick to eliminate the bad smell from your shoes,” said Step to Health. “You just have to drop a tablespoon of baking soda into each shoe, in the insoles. Sprinkle well and let it work overnight. You’ll see how the next morning they seem like new shoes.” For really problem odors, add a tablespoon of cornstarch and five drops of tea tree oil to the baking soda.

A combination of baking soda and coffee filters is also effective, and so is black tea bags. “The use of black tea bag can effectively make your shoes odor free as it contains tannins that kill the odor-causing bacteria in the shoes,” said My Health Tips. “And at the same time the smell of the tea leaves will absorb the bad odor of the shoes. Put four already used and dried tea bags into the shoes and leave overnight.”

Lemon, orange, and grapefruit peels can also do the trick. Instead of throwing them out, put them in smelly shoes overnight to eliminate odors.

Repurpose your coffee grounds

Let that cup ‘o Joe do double duty. “Fresh or leftover coffee grounds will also absorb unpleasant odors in a fridge, microwave, or cupboard,” said the Farmer’s Almanac.

“They’ll also sweeten the air inside your car or its trunk. For use in the car, place the grounds in a covered plastic container with holes punched in the lid.”

Clean your disposal

Food smells can linger in there, making the whole kitchen seem funky. Running “lemon or lime rinds through the disposal, followed by lots of water,” can help,” said Good Housekeeping. “If the smell persists, pour in a 1/2 cup of baking soda while running warm water.”

July 16, 2018   No Comments