Author: webmaster

Renting a Home versus Buying a Home

Trying to decide between renting and owning is a common question.  There are many benefits to home ownership.  Below are just a few: ·        Often, your payment for a home will be the same or less than a rent payment. ·        You will retain equity in a home and be able to have something to show for your monthly payments.  With renting, your money retains no value. ·        There are currently great tax advantages to home ownership.  You will be able to deduct the interest paid on your mortgage and property taxes from your taxable income, this can result...

Read More

Simple Tips For Showing Your Home

Before Your House Is Shown Tag or remove items not included in sale (i.e. water conditioner, chandeliers, plants, drapes). Open shades and curtains to let in light. Turn on enough lights so home is well-lit during showing. At night, turn on porch light and outdoor lighting. Tidy all the rooms. Neatness makes a room easier to view. Clean dirty dishes in the sink and put away any dishes on counter. Keep toys in the children’s rooms. Put away items in the yard such as bicycles, gardening tools and skateboards. If fall or winter, light a fire in the fireplace. Turn music on or turn the TV to a music channel While Your House Is Being Shown Leave the property. It is best to be gone before the Buyers arrive Let the real estate expert show your house. Refer inquiries about seeing your house to your REALTOR to take advantage of the agent’s professional skills Cage pets or take them from the home with you. Keep money and other valuable items out of sight. Give us a call, we will be glad to go over the best practices that you should follow when Showing Your Home to prospective Buyers.   Let’s Get...

Read More

Preparing Your Home To Sell

The effort put into repairing and cleaning your property is likely to be returned in a fast sale at an attractive price.  As buyers approach your property the first time, impressions are formed quickly. Paint house – this can do more for sales appeal than any other factor. Yard – Remove all toys, garbage, garden tools and other items from view. Mow lawn and keep edged. Close garage doors. Put colorful flowers in front of house. Often, while waiting to be let in, the first thing a buyer looks at closely is the front door. Put new paint on the front door. Buy a new door mat. Buyers take a close look at the basement of a home. They will look for bad wiring, leaky pipes and signs of decay. Clean out basement and dispose of everything you are not going to move. Ensure that there is plenty of lighting. Sweep or vacuum floor. Stack items neatly against walls. The kitchen is often the most important room in the house. Make it bright and attractive. Put a vase of fresh flowers on the table. Replace curtains or clean existing ones. Remove appliances from counters. Create a pleasant fragrance in the kitchen (i.e. vanilla, cinnamon). It is important that bathrooms are clean, bright and smell fresh. Install a new shower curtain and replace worn throw rugs. Polish all fixtures. Open...

Read More

What is PMI and How Do I Stop Paying

What Is PMI? PMI is extra insurance that lenders require from most home buyers who obtain loans that are more than 80 percent of their new home’s value. In other words, buyers with less than a 20 percent down payment are normally required to pay PMI. Benefits of PMI PMI plays an important role in the mortgage industry by protecting a lender against loss if a borrower defaults on a loan and by enabling borrowers with less cash to have greater access to home ownership. With this type of insurance, it is possible for you to buy a home with as little as a 3 percent to 5 percent down payment. This means that you can buy a home sooner without waiting years to accumulate a large down payment. New PMI Requirements A new federal law, The Homeowner’s Protection Act (HPA) of 1998, requires lenders or servicers to provide certain disclosures concerning PMI for loans secured by the consumer’s primary residence obtained on or after July 29, 1999. The HPA also contains disclosure provisions for mortgage loans that closed before July 29, 1999. In addition, the HPA includes provisions for borrower-requested cancellation and automatic termination of PMI. Why a Change in PMI Requirements? In the past, most lenders honored consumers’ requests to drop PMI coverage if their loan balance was paid down to 80 percent of the property value...

Read More

Should I get a Home Inspection

Regardless if it’s old or new home, an inspection is like a check-up for your house. What repairs will need to addressed now and what might need to be addressed later down the road? A buyer may opt for having an inspection done prior to signing a contract which allows negotiating of inspection report findings into the transaction. However, many buyers do wait until they are in contract and then order inspections within the contractual time period allotted. Inspections costs can vary depending on the size of the house, the condition of the house. Just because a house needs repairs doesn’t mean you shouldn’t purchase it. Nearly every house will ave a list of repairs that need to be done to get it “shipshape.” It is your decision to choose how much you are willing to spend and how much work you are willing to do. According to the American Society of Home Inspectors (ASHI), “the standard home inspector’s report will cover the condition of the home’s heating system; central air conditioning system (temperature permitting); interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components.” There are limits, however, to what a home inspection will cover. They aren’t required to identify conditions that are concealed or are considered latent defects. That means if personal property, plants, snow, or debris is covering an issue,...

Read More

Article Categories

Search For Your NEW PLACE…