Showing posts with label home buyer. Show all posts
Showing posts with label home buyer. Show all posts

Friday, January 23, 2015

5 Questions To Ask Yourself When Shopping For The Best Loan







1. How long will I own this property?
(The shorter the stay the more you should search for minimal closing costs at the cost of a slightly higher rate).

2. Is there a type of loan that makes me feel most comfortable?
Some people want to know that their payment (P&I) will never change (fixed rate).

3. Does it matter to me who services the loan (where and to what group am I making my monthly payment)?

4. If given the choice, do I want to do my own escrow accounts or would I prefer the lender handle this matter?

5. Do I want a "brand name" lender (one I know) or am I willing to try a company that's new to me?

Monday, January 12, 2015

7 Questions A Buyer Should Ask An Agent Prior To Making Their Agent Selection



 1. What are your company's resources, support staff and network affiliation?


2. What is your company's history and track record in helping buyers? (ex: How
many buyers did your company serve last year?)


3. What checklists and systems does the agent have to help you, the buyer, stay
on track?


4. Does the agent have information to help you find the best lender, including the
"Home Loan Application Checklist" and "14 General Questions To Ask All
Lenders".


5. Is the agent offering you a choice between customer and client level service?


6. Is the agent offering traditional level service only or do they have an upgraded
home buying system?


7. Does your agent appear trustworthy, caring and committed to helping you reach your goals?



The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.

Sunday, January 11, 2015

4 Guidelines For Every Homeowner Trying To Fix-Up Their Property To Sell



1. Cost doesn't equal value.
    If you finished off your basement six months ago for twelve thousand dollars, said improvement doesn't necessarily add twelve thousand dollars of value in the eyes of the buyer.

2. Put your money where buyers will see it.
    Examples of good returns might be a fresh coat of paint and sprucing up your front door and entry way. Don’t expect to get as good a return on insulation or new wiring.

3. Don’t over improve!
    The addition of a fifth bedroom to a house in a subdivision of 3-4 bedroom homes may not give you the return you would like. Use typical improvements for your area as a guide.

4. Most quality home improvements cause a property to sell quicker but not necessarily for more money.
   A timely sale will lessen the carrying costs and stress. Don’t underestimate the overall value of "smart" improvements.


The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.


Wednesday, January 7, 2015

4 Characteristics Of Value Every Seller Should Remember


1. DEMAND

Demand is in the eye of the beholder. It varies from person to person. The demand for a particular piece of real estate changes as the wants of each individual change.

2. UTILITY

In order for real estate to have value it must have usefulness or utility.
Usefulness creates a desire for possession and has the power to give satisfaction. Will the typical buyer in the marketplace have their needs met by purchasing your home?

3. SCARCITY

In order for real estate to be of value it must be relatively scarce. If too many houses like yours are for sale, it will negatively impact the value of your home.


4. PURCHASING POWER

Purchasing power is created by desire. Can the buyer who desires the property afford the property? The more people that can afford the property, the better.




The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance

Tuesday, December 23, 2014

Caution ALL Home Sellers…..


Avoid Taking Advice From People Who….

(My Top 10 List of People Whose Advice You Should Avoid When Selling Your Home)

Avoid people who:


1.       Don’t  know YOUR marketplace
2.       Haven’t taken time to thoroughly inspect your property
3.       Don’t know your circumstances in DETAIL….goals, timeline, motivation, etc..
4.       Like or love you, but don’t approach your situation objectively or knowledgeably
5.       Will tell you what you want to hear but don’t have the facts or data that will help you make a more realistic decision.
6.       Will always have a better DEAL you could have or should have gotten.
7.       Talk too much…but never seem to listen. If one doesn’t really know your problem, how can they have the BEST solution?
8.       Always bad-mouth others but bring nothing concrete to the table themselves.
9.       Can’t show you a logical, detailed action plan that addresses your situation.
10.   Have no proven track record for results comparable to those you want or need.


The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.

Friday, December 12, 2014

FIRE SAFETY TIPS FOR THE HOLIDAYS









Each year, fire departments respond to an average of 210 structure fires caused by Christmas trees.A small
fire that spreads to a Christmas tree can grow large very quickly.  



Below are some tips from the National Fire Protection Association (NFPA.org)

Picking the tree
  • If you have an artificial tree, be sure it is labeled, certified, or identified by the manufacturer as fire retardant.
  • Choose a tree with fresh, green needles that do not fall off when touched.
Placing the tree
  • Before placing the tree in the stand, cut 1" - 2" from the base of the trunk.
  • Make sure the tree is at least three feet away from any heat source, like fireplaces, radiators, candles, heat vents or lights.
  • Make sure the tree is not blocking an exit.
  • Add water to the tree stand. Be sure to add water daily.
Lighting the tree
  • Use lights that have the label of an independent testing laboratory. Some lights are only for indoor or outdoor use, but not both.
  • Replace any string of lights with worn or broken cords or loose bulb connections. Connect no more than three strands of mini string sets and a maximum of 50 bulbs for screw-in bulbs. Read manufacturer’s instructions for number of LED strands to connect.
  • Never use lit candles to decorate the tree.
  • Always turn off Christmas tree lights before leaving home or going to bed.
After Christmas
  • Get rid of the tree when it begins dropping needles. Dried-out trees are a fire danger and should not be left in the home or garage, or placed outside against the home. Check with your local community to find a recycling program. Bring outdoor electrical lights inside after the holidays to prevent hazards and make them last longer.

Monday, December 8, 2014

Crime Prevention Tips for the Holidays

                 


  • If you are leaving town - contact your local police department for a vacation check (an officer will stop by daily and check on the exterior of the residence for any evidence of crime)
  • Use Lights/ Radios on a timer
  • Keep Christmas Gifts out of view from windows
  • Do not set boxes from high priced items at the curb for trash pickup (break the boxes down and put them in a black trash bag)
  • When shopping do not overload your car with gifts - put them in the trunk out of sight.
  • Keep purses secured to your person (don't leave them in shopping carts or in your vehicle)
  • Never leave your car unattended with the engine running, even quick stops such as the bank or gas station
  • Do not make online purchases on insecure sites.
  • Check your accounts often to make sure there is no fraudulent activity
  • Investigate Charities prior to donating
  • Mail cards with money or gift cards from the Post Office
  • Check on Elderly Neighbors
  • Buckle Up!
  • Report ALL suspicious activities, persons or vehicles to your local police department.
Make sure that any adults and children in the house understand what to do if someonethey do not know is at the door. Never ignore a ringing doorbell/knock at the door. If the person at the door is unknown, simply stand near the door and tell them that you are not able to answer the door at this time. Tell children to stand near the door and loudly shout "Mom (or Dad), there is someone at the door" and then phone their parent, neighbor or 911. Most burglars do not want to enter a residence that is occupied, so we want them to know that you are home!






Saturday, December 6, 2014

Use Energy Wisely

30 Hot Tips for Using Energy Wisely

Hot Tips on Home Heating from Laclede Gas

1.    Attic insulation could be your best investment. It lowers the cost of both heating and cooling.
2.    Be sure to keep your fireplace damper closed when the fireplace is not in use.
3.    Service the central heating system before the heating season begins to ensure that the flues are not blocked and the burners are working. Regular checkups will keep your furnace operating safely and efficiently.
4.    Start the heating season with a clean furnace filter and each month inspect, clean and replace it as necessary to improve efficiency during both the heating and the cooling seasons.
5.    Install storm doors and windows to help prevent heat loss. Weather stripping and caulking block cold outside air.
6.    Seal off unused rooms by closing the registers and keeping the doors shut tightly. Do not, however, seal off more than one-fifth, or 20%, of your total living space because your furnace may not operate properly.
7.    Keep your thermostat low. Each extra degree adds about 4% to 5% to your heating bill. When you leave for the day or over the weekend, lower the setting about 5?. For longer absences, lower the thermostat to 55? (but don’t set it lower because your pipes may freeze).
8.    A programmable thermostat is a wise investment because it helps keep the temperature lower automatically while you are sleeping or gone for the day.
9.    Don’t place furniture in front of heating registers.
10.  If radiators are near cold walls, place aluminum or aluminum foil between walls and radiators to reflect heat back into the room.
11.  Open draperies on sunny days to allow sunlight to help heat your home. Close them at night to help keep out the cold.
12.  Encourage children not to run into and out of the house unnecessarily.

Hot Tips on Cooking

13.  Preheat the oven only when necessary (when you bake cakes and quick breads). The broiler needs preheating only for rare steaks.
14.  Plan to bake several dishes at the same temperature when possible.
15.  Do not block oven air passages with aluminum foil or oven liners. Poor air flow can cause uneven baking.
16.  Thawed foods cook faster.
17.  On top burners use the smallest flame possible. The flame should never exceed the pan’s width.
18.  Water boils faster in covered pans.
19.  Cook vegetables in small amounts of water. Avoid overcooking, which reduces nutritional value.
20.  Clean ovens and cook tops operate more efficiently.
21.  If the burner flame is yellowish instead of blue, clean the burner with soap and water. A blue flame is more efficient than a yellow one. (Note: Some aerosols, such as nonstick cooking sprays, may cause the flame to appear yellow. In such cases the yellow flame does not affect the burner’s efficiency.)

 Hot Tips on Hot Water


22.  A water heater setting of "Normal" or "Low" is usually sufficient.
23.  Take showers; they use less hot water than baths. Also, avoid running hot water unnecessarily during hand washing or shaving.
24.  Wash full loads in dishwashers and washing machines.
25.  Repair leaky faucets; constant dripping adds up to gallons of wasted hot water.
26.  Use the right-size water heater; heating an oversized tank of water wastes gas. By the way, heating water is the second-largest use of energy next to heating a house. Savings on hot water can be significant.

 Hot Tips on Drying Clothes

27.  Dry a full load each time but avoid overloading.
28.  Clean your lint trap before each load to improve dryer efficiency.
29.  Don’t over dry, which can ruin delicate clothing and waste gas.
30.  Consider line-drying clothing inside during the wintertime. You will add humidity to your home, which can make you more comfortable, and use less gas.


Thursday, December 4, 2014

Become a Smart Buyer

5 Simple Steps To
Becoming A “Smart” Buyer

Step 1. Look at rent vs. buy to decide if there are enough benefits to YOU to buy. Look at your goals, timetables and desired lifestyle.

Step 2. Select a professional real estate agent to help you with information, knowledge and a road map through the maze.

Step 3. Have your agent do an in-depth “needs analysis” for you. By specifically writing down your wants, needs, goals, timetable,etc., all parties will be more focused.

Step 4. Get financially pre-qualified and/or pre-approved. This will help you save time, energy, effort and money in the home buying process.

Step 5. Look at your marketplace objectively. View properties and analyze data with an open, but critical mind. Your agent should be a big help in keeping you on track.











  The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.


Wednesday, December 3, 2014

6 Truths About Today’s Marketplace That Every Home Seller Needs To Know

Truth #1: Buyers buy after “shopping around”. In their search for the best buy they are comparing  your property to the others currently on the market.

Truth #2: Sellers control the pricing and saleability of their homes but buyers control VALUE. A property is worth what the market (buyers) will pay.

Truth #3: If a property sits on the market for more than a few weeks it gets shop worn (stale... like an  old donut). Price it right in the beginning while it is fresh and buyer interest is at its peak.

Truth #4: Most properties must be sold three (3) times...

  • First...to the real estate agents who have the buyers. If they don’t see it as a decent value, they may not show it.
  • Second... to the buyers. If they don’t see it as an attractive offering, they’ll look elsewhere.
  • Third... to the lender who will make the loan and the lender’s appraiser. If this group doesn’t see the value... no loan.


Truth #5: What it means if...

  • No showings: Agents don’t see your offering as worthy of showing to their buyers. Or, buyers themselves aren’t interested enough to look.
  • No Offers: Buyers don’t see enough value to even negotiate or try to buy.


Truth #6: Overpriced properties actually help well-priced properties sell.

The above checklist is for informational purposes only & is not a substitute for legal, tax or other professional assistance.