Showing posts with label Moving Tips. Show all posts
Showing posts with label Moving Tips. Show all posts

Wednesday, May 8, 2013

How to Buy and Sell a Home at the Same Time







AOL Real Estate

Now that the real estate market is picking up again, many people are looking to sell their homes at last. But when you sell, you have to move somewhere -- which usually means buying another home. Buying and selling at the same time brings up a whole new set of challenges, but those who plan well in advance can make it happen smoothly. Here are five ways to successfully buy and sell a home at the same time.

1.
Prepare to be stressed. Buying a home is stressful. Selling a home is stressful. When you do both at the same time, the experience is super stressful, not to mention emotional and difficult on many levels. You're potentially carrying two mortgages or trying to time the purchase with the sale. There will be a lot of sleepless nights, worrying over finances and pressure to make a decision. It's enough to ignite a family war.

Accepting upfront that this process will be extremely stressful will help in the long run. Know that most homeowners go through this, and there is success at the end of the long, dark tunnel. Plan everything as much as possible in advance. Do your homework. And take care of yourself. You're going to be busier than usual.

2.
Meet with your agent early on. Owners often believe their home is worth less than what the current market will bear. That's why it's important to meet with your real estate agent early on, even months before you plan to buy or sell. Researching online valuation tools or doing basic research will help to guide you. But a local agent will help you understand your home's true current market value and marketability. A good agent is in the trenches daily and knows your neighborhood and market inside and out.

3.
Learn the market where you want to purchase. After getting some hard numbers for your home's sale you need to do the same on the purchase side. What's on your wish list? What are your priorities? Determine your needs and understand what you will get for your money on the purchase side. You need to know this to factor in how financing will work with the buy/sell. Also, understand that market. Is it more or less competitive than where you live now? How long can you expect to search for a home? This will factor into your sale timing. If you're moving within the city or town where you live, your listing agent will likely serve as your buying agent. If you're moving just outside your area, you may need to ask your agent to refer you to an agent knowledgeable about that area.

4.
Know your numbers. Once you understand the numbers on both the purchase and the sale, you need to know your financing options. Many people today don't have a strong-enough financial foundation to purchase another home before selling their own, so knowing this upfront can help you plan more appropriately.

Engage a local mortgage broker or lender and understand what kind of down payment you'll need to make a purchase, given the price point and type of home you seek to buy. How much equity do you have in your current home, and is the equity available? Do you have enough of a down payment liquid and would a lender allow you to make the purchase before selling the home? Find out by going through the loan pre-approval process. A good, local mortgage professional is as valuable as a good real estate agent.

5.
Make a plan. Now that you know your numbers, it's time to come up with a plan and execute. The plan can vary greatly, depending upon any number of conditions. Some examples: Buying in a competitive market? Adding a contingency that your current home must sell before you buy probably won't work.




• Selling in a competitive market? You may be able to negotiate with the buyer for a longer escrow or even a rent back. This would buy you time on the purchase side.
• Selling in a slow market and buying in a competitive market? Need the sales proceeds in order to do the purchase? Unfortunately, you're in the worst-case scenario. Consider the option of selling your home first and moving into temporary housing. While not the most physically convenient, it could be less stressful.
• Need temporary housing? Start researching those options now well in advance

Understanding the variables: There are so many variables that can come into play when buying or selling. Each one may affect your decision-making process. Identifying and planning for the variables as much as possible early on will help you avoid sleepless nights, stressful days, or fights with your spouse or partner.


By Brendan Desimone AOL Real Estate

Saturday, February 25, 2012

Understanding Home Inspections

Understanding Home Inspections



There’s no denying that purchasing a home is one of the biggest thrills of your life, but it can also quickly become overwhelming. While the home you choose may appear to be the perfect house, hiding underneath the dream could be serious unknown defects that can make your investment a costly one.
Enter the home inspector. A home inspector performs a physical inspection of the structure and systems of your prospective home. This means that while you may love the beauty of the living room’s wood floors, your inspector can tell if the floor will truly last.
The home inspection is an objective visual examination of the physical structure and systems of a home, from roof to foundation. The inspection will determine not only the condition of the home, but also help foresee any immediate unnecessary additional cost that may go unnoticed by the untrained eye.
Home inspections start at around $200 depending on the size of the home, its age and overall condition. It’s money well spent if you’re serious about that particular property.
According to the American Society of Home Inspectors, 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.
John Prohaska, owner of J&P Inspections in Des Moines, Iowa, compares a home inspection to getting a physical from your doctor.
“When problems or symptoms of problems are found, the inspector may recommend further evaluation or remedies,” he said. “A home inspection summarizes the condition of a property, points out the need for major repairs and identifies areas that may need attention in the near future.”
The inspection will show the positive and negative aspects of a home, as well as the maintenance that will be necessary to keep it in good shape. After an inspection, both parties have a much clearer understanding of the value and needs of the property.
Knowing about an issue before closing gives you the upper-hand at the negotiating table. A home in good working order may have been worth $350,000, but if $20,000 of work needs to be done to replace rotted wood or bad plumbing, the price should drop.
Before any sale is complete, you will need an inspection to look over the good, the bad and the ugly of what your new home really offers.
Remember, even if a house needs repairs or has hidden problems, it shouldn’t always be the catalyst for getting out of a sale. No house is perfect and as long as you know ahead of time what needs to be done and can possibly change the purchase price based on the information, the home inspection will give you a great starter list of what needs to be done to really make moving in that much easier.



Prudential Fox & Roach is an independently owned and operated broker member of BRER Affiliates, Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many

Monday, February 13, 2012

Avoid These 8 Staging Mistakes

Avoid These 8 Staging Mistakes


You may love your home, but that doesn’t mean that everyone coming through the door will feel the same way. What may be “charming” to the seller may seem off-putting to a prospective buyer. Many sellers attempt to stage their home themselves and, in doing so, create mistakes that can actually sidetrack the sale of their homes.
Here are some of the biggest staging mistakes, according to professional home stagers.

1. Getting too personal: Home staging is meant to create a neutral canvas that will appeal to the majority of buyers. Staging is all about de-personalizing the space, and creating more of a luxury hotel or a model home look that will appeal to most everyone. This is not the time to bring in your unique style and create a look that appeals to just you.

2. Using dark colors: If painting, you should choose a nice, neutral and warm color, such as beige tones, grey tones, or light blue or pale greens. You’ll be amazed at the transformation a few coats of fresh paint will make on your home.

3. Not taking advantage of natural light: People love natural light, so blocking off any light with heavy curtains or furniture can hurt your sale, especially if the home has attractive views. Anything dated in a home is a turn-off to a potential buyer and window treatments are one of them.

4. Thinking more is better: Scale down your furniture. The size of the furniture needs to be in balance with the scale of the room and the other furniture in it. Remember that the purpose of furniture when selling a home is to define the purpose of the room and to show what will fit where. It is not meant to show that you can provide seating for 15 in your living room and every seat has a side table to rest drinks on.

5. Leaving pets at home: You need to remove all traces of animals from the house and make sure “Fido” or “Sunshine” is away during showings. Having a pet could kill a sale before someone even steps into a house.

6. Neglecting the outside: People care about the outside space just as much as the inside, so add flowers, make sure the lawn is mowed, the yard is tidy and add a few backyard accessories for the kids.

7. Only dealing with “main” rooms: People are quick to stage living rooms, kitchens and bedrooms, but don’t forget to spruce up the garage, basement and closets as well.

8. Forgetting fixtures: When staging a home, it’s important to ensure all lights are burning with fresh bulbs, and that all fixtures are working.
Remember, staging a home means showcasing the property’s many features, not concealing its flaws. Make sure your house is in good condition and use staging to cast the home in the best light.






Prudential Fox & Roach is an independently owned and operated broker member of BRER Affiliates, Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.

Saturday, July 2, 2011

FIVE TIPS FOR A GREEN HOME

Five Tips for a Green Home




Eco-friendly. Carbon footprint. Global warming. Energy-efficient. These catch phrases have become part of our lexicon as we’ve become more aware of our impact on the environment and our role in protecting it. As a homeowner, there are some simple, inexpensive steps you can take to make your home energy-efficient. Get started on the road to being “green” with these five tips:

Change Your Light Bulbs
By replacing just five incandescent light bulbs with compact fluorescent (CFL) bulbs, you can save $100 per year on electric bills while using up to 75 percent less energy and removing greenhouse gases from the environment.

Buy ENERGY STAR® Appliances
ENERGY STAR-qualified appliances, such as refrigerators, washers and air conditioners, meet a higher level of energy efficiency set by the Environmental Protection Agency and U.S. Department of Energy than standard models. According to ENERGY STAR, if just one in 10 homes used ENERGY STAR-qualified appliances, the impact could be compared to planting 1.7 million new acres of trees. And, switching to these appliances is not only good for the environment, but easy on your pocketbook. Although these appliances may costs more, you can reduce your energy bill by $80 per year.

Seal Up
Cracks and air leaks represent cash seeping from your doors and windows. Get rid of air leaks in doors, windows and other areas by caulking gaps and cracks. This will help decrease your heating and air conditioning bill. But make sure you use silicone sealants. Acrylic caulk tends to shrink, while silicone sealants are waterproof and won’t shrink or crack, creating less waste.

Use Less Water
Did you know that roughly 60 percent of a home's water consumption takes place in the bathroom, according to the California Urban Water Conservation Council? The largest culprit is the toilet, which accounts for 27 percent of your household supply every year. By installing low-flow toilets, showerheads and faucets, you can save thousands of gallons of water each year. In addition, replace leaky fixtures. That slow-dripping faucet can waste as much as 2,400 gallons of water per year.

Adjust the Thermostat
When adjusting your home’s thermostat, the rule of thumb should be: turn up the dial in the summer and down in the winter. Lowering the temperature by just one degree will reduce your electrical costs. And if you use a programmable thermostat, you can program your air-conditioning and heating systems to reduce output while no one is at home or at night while you sleep. Ceiling fans are also helpful in circulating the air to keep the room cool in the summer and warm in the winter.

Going green doesn’t have to be overwhelming or costly. By making just a few small changes within your home, you can help decrease energy consumption and help make the world a “greener” place.





Prudential Fox & Roach is an independently owned and operated member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Equal Housing Opportunity.

Monday, January 24, 2011

Tips for Buying a Home in a 55 plus Community.

Buying in a 55+ community will be very similar to buying in any community but there are some differences to be aware of.

Assuming you already know the 55+ community you are interested in, just looking within the community itself, here are some questions to explore when buying a home:

1. Find out about the monthly homeowner's association fee; what does it cover, how much is it and when is it expected to go up. If the community is older, find out if any special assessments are coming up or expected.

2. Get a copy of the homeowner association documents. Before you buy, review the rules of the association. Find out the rule for any areas of special interest to you, like pets, additions like building a patio or fence, visitors, children, leasing your property, etc.

3. Find out about the amenities. Remember in this economy many clubhouses and other amenities that were planned will not get build for some time, if ever.

4. Find out about activities offered. How often, what types, any extra fees?

5. Look at resales, not just brand new properties. Maybe you can get a deal on a resale that has been upgraded substantially. Preview listings with a resale real estate agent and ask questions about the property and the community as well.

6. Talk with the current owners/residents to see how happy they are living in the community and how happy you will be living with them. Are they your age? People love to talk, so ask questions.

7. Find out about the cost of utilities and any related cost of ownership.

8. Find out the cost of any upgrades, which appliances, counter tops, floor coverings, etc come with the property.

9. For newer communities, how strong is the builder and/or developer of the community? Is the community just getting started and right after you buy if goes in to foreclosure, will the community be a ghost town? There is less risk in a community that is further along in its development.

10. Remember buyer's agents also handle 55+ homes.

I hope these questions will help in your search process.








Copyright 55communityguide.com

Friday, January 7, 2011

Home Sellers: Cut to the Chase in Home Repairs and Enhancements

2011 opens as a strong buyer’s market so home sellers must be on their toes to give their homes maximum appeal. Not only should sellers complete the home repairs they know must be made, they should also hire a certified home inspector to thoroughly and impartially evaluate their properties. If this inspection results in a fix-it list, review the list with your real estate professional to establish necessities and priorities. Depending on your budget and objectives, you may want to repair only items that could cause significant deterioration to your property, such as a leaky roof. Ideally, the closer you can get your home to “move-in-ready” status, the more likely you are to attract today’s cautious and discerning buyers. Among the most common repairs and enhancements yielding immediate buyer appeal include:
Paint inside and outside in neutral colors
Steam clean or replace carpets
Polish or replace hardwood floors
Clean or re-grout kitchen and bathrooms
Replace light fixtures
Change light bulbs throughout and replace wall-switch covers
Repair dripping faucets
Fix sticking door
Repair broken fencing
Home sellers wanting to do more should consider the findings of Remodeling magazine’s 2010-’11 Cost vs. Value Report, released in December 2010. The survey used input from REALTORS in 80 cities to rank home remodeling projects according to those that bring the greatest cost recovered at sale. Many of the top projects focus on exterior replacements, as replacements are generally less expensive than other types of projects and they add all-important curb appeal – essential for today’s competitive market or any other. The Top Five projects in the Cost vs. Value Report include:

No. 1 – Entry door replacement (steel)

No. 2 – Garage door replacement (four-section door, reuse existing motorized opener)

No. 3 – Siding replacement (fiber-cement siding)

No. 4 – Kitchen remodel (minor: new cabinet doors, drawers and hardware, plus new energy-efficient appliances, flooring, counters, sink and faucet)

No. 5 – Deck addition (wood)

When the dust clears and projects are complete, be sure that you and your real estate professional document your repairs and enhancements, and share the report with prospective buyers. Walk prospects through the enhancements and include their costs. A home in good condition demonstrates pride of ownership. Taking the time to make enhancements helps ensure your home is presented in its best-possible light, primed for sale.

Saturday, January 16, 2010

Musts for a Bathroom Renovation to go Easily and Smoothly

A bathroom renovation is not really something to be undertaken lightly. You cannot simply decide one day to start tearing out the toilet, sink and bathtub and start knocking down the walls. A must for any bathroom renovation to go smoothly is to plan things out carefully. If you do, you are more likely to be successful in getting your bathroom to come out exactly the way you want it to, or perhaps even better than you expected.
Another must before any bathroom renovation is to decide how long you are planning to remain in the house. If you are planning to move out in the short term, you may not be in the home long enough to recover all of the money you will invest in the renovation. The less time you are planning to stay in the home, the less money that should go into your renovation.
You must make a list of all the things you will want in your renovated bathroom. Really think about how you want your bathroom to look and where you want things to go, and then you are going to have to decide whether your budget will allow for everything that is on your list. This means that it is a must to set a budget for your bathroom renovation, and it must be reasonable. If you build a palace fit for a king, you will never recover your investment, and you may end up having to ask too much for your home.
If it is going to be a space that will be used by the whole family, then you are going to have to take their thoughts and ideas into consideration. You cannot renovate a room according to your likes and tastes without taking everyone else in the family into account. You might have very particular tastes and ideas which will not please the rest of the family. It is a must for you to sit down with your whole family and discuss the idea of renovating the bathroom.
It would be a good idea for you and your family to visit places where there are bathroom displays to see if there is something that the whole family can agree upon. You will not all agree on the same things, but there can be a general agreement, which is how family decisions should be made anyway. If there is general agreement, then everyone will be able to enjoy the renovated bathroom instead of trying to avoid it at all costs.
You have to stay focused and always keep in mind what you can actually afford, which will not include everything you want. There are so many things that you can put into a bathroom that it can really drive up the cost and your budget if you are not careful. In addition, if you hire someone to do the work, delays will definitely put your over budget because it will take longer to do the renovation. This is why it is a must to have a clear idea of what the renovation objective is and how to go about it. You will end up with a renovated bathroom that you can are really going to take care of and enjoy.







article alley

Wednesday, October 14, 2009

Tips on Making an Offer to Purchase Real Estate

Tips on Making a House Offer

When you’ve done shopping around for a new house, you and your family has finally decided on one that is perfect for your family. It is now time to make an offer for that house. The offer you can give on a home can be quite tricky since you do not want to offend the seller by offering a very low price on it and you do not want to pay too much as well just to get that home of your dreams..
Below are some tips to help you make an offer to the home you are willing to buy and own.
1. Ask the advice of a real estate agent or even friends and family who are very knowledgeable in these matters. An agent is not supposed to recommend an asking price for a home but the information he or she can give you will help you a lot on what to offer the seller. An agent especially, has a lot of knowledge when it comes to homes in the market.
2. Find out the history of the home you are interested in. You can find out if the seller has bought it in a down market. More or less you will be able to pay the same price or near to the price your seller bought it for. This can help you to determine a good price for the home.
3. It is helpful to check out prices in the market. If you are in a seller’s market, the seller might not want to go lower than the list price. If you are in a buyer’s market, you might be able to talk the seller into the price you are willing to offer for the house.
4. Try to compare houses that have more or less similar features to the house you wish to buy. This is one way of getting a better estimate of the price you can offer for the home. If you know the prices of other homes, then you can offer a reasonable price to offer the seller.
5. Make sure to set your limit. Do not go beyond your means just to get the house you want. If you think the price is too high for you and it may cause difficulty later on in paying it off, explain to the seller your offer and try to see if he or she is willing to accept it.
7. Some homeowners have emotional attachment to the home they are about to leave. You may be able to get a deal in your favor if you tell them that you love their home and you are very much interested in buying it. Sellers might prefer to sell a house to a buyer who empathize with them. Be careful in doing so because some seller might take advantage and will demand for a very high price for the house.
8. Do not hesitate to negotiate money off the asking price. If the home survey reveals some faults or damages in the home that might need repairs and your money put into it, consider this when you offer a price to the seller.
With this information, you can start to narrow down your asking price options and hopefully will lead you to a decision. This way you and your family can have the house of your dreams soon!



Source
articlealley

Thursday, July 30, 2009

Packing Tips to Get You Moving

Prudential Fox & Roach Realtors Joanne Genesio

Packing is one of those dreaded but necessary chores of moving. Not only is it time consuming, but it sheds light on how much we really have accumulated since the last move. But it can be a manageable task by starting early and having a plan.

Don’t wait until the last minute.
Moving is stressful enough. Give yourself at least six weeks, which gives you enough time to pack a few boxes each day.

Take inventory of your items to determine how many packing boxes you will need. As a rule of thumb, use small boxes for small, heavy items such as books and canned goods; medium-size for bulkier, not so heavy items like linens and pots; and reserve larger boxes for very bulky lightweight items such as lamp shades.

Obtain boxes from a moving company or collect sturdy boxes from local supermarkets and liquor stores. Also, consider investing in specialty boxes, such as wardrobe and mirror/painting cartons. Wardrobe boxes are specially designed to transport clothing on hangers and mirror/painting cartons adjust to fit large sizes.

Besides boxes, make sure you have marking pens, packing peanuts or bubble wrap, strong 2-inch wide packing tape, and unprinted newspaper. The ink from printed newspaper can rub off onto your individual items.

Pack strategically.
Plan out how you will pack up your belongings. Decide what needs to be packed first such as seldom used and out-of-season items. Then work your way up to everyday items, like dishes.

It’s also a good idea to pack one room at a time. Places like your attic, basement, garage and storage closets are a great place to start. Clearly mark on each box the contents and the room it will go in at your new residence. For fragile items, clearly mark “fragile” on the box and a directional arrow to indicate the correct upright position.

Decide what you will need to access as soon as you arrive at your destination. Write “Open First” on these boxes and load them onto the truck last or put them in your car. You also should pack a box with essentials for your first few nights, such as prescription medicine, toiletries, a telephone, clothing, towels, toilet paper, and bed linen.

Make sure to protect your belongings.
You’ll want to make sure that your belongings get from Point A to Point B in one piece. To avoid damage, follow these packing techniques.

Computers: Before packing your computer, back up your data on either an online service or a portable hard drive. If possible, pack the computer in its original boxes and packaging. If you no longer have them, use a box with shock resistant insulation or create padding at the bottom and all around the sides. If you will be using packing peanuts, wrap the computer in a plastic bag so the peanuts won’t get inside and damage the computer. Place the CPU in the center of the box with the motherboard side lying flat on the bottom. Protect the top with more padding. Make sure the computer is a tight-fit in the box. Use this technique for your monitor and printer. Don’t forget to remove the print cartridge and paper from the printer. This same procedure can be used with other electronics.

Glasses and stemware: Stuff a bit of paper inside a glass, wrap the stem, and then wrap each piece individually. Place glasses face down on a 3- to 4-inch cushion of crumpled newspaper. Top off the box with 2 to 3 inches of crumpled paper.

Plates: Create a 3- to 4-inch cushion of crumpled paper in a sturdy box or dish pack. Wrap up to four plates at a time by taking two sheets of newspaper, place a plate slightly off center, fold paper over the plate, then stack a plate on top of the covered plate. Fold paper back over the second plate and repeat this process until four plates are wrapped. Now wrap the bundle and place it on end in the box. Continue to fill the box with bundled plates, and then top it with 2 to 3 inches of crumpled paper.

Large furniture pieces: Have large plastic bags or shrink wrap on hand to protect furniture. Use rags, blankets, comforters and towels for padding.

Artwork and mirrors: Wrap all pieces individually with bubble wrap or cardboard. For artwork framed behind glass or mirrors, tape an “X” across the mirror to keep pieces in places in case it should break. Place each piece in its own flat, fitted box and fill in any space with crumpled newspaper.

A few other tidbits.
  • Avoid damage from leakage by packing your liquids (including medicine) in leak proof containers such as zippered plastic bags. Plastic bags also come in handy for small odds and ends.
  • Keep box weights to 50 lbs. or less.
  • Use masking tape to secure lids to jars and bottles; hold down movable parts; and affix nuts, bolts, screws or nails to associated items.
  • Place a sock filled with coffee grinds or baking soda in your washer, freezer, and refrigerator to prevent odors.
For more pointers on packing, talk with your moving company representative or your real estate professional.

Prudential Real Estate Affiliates, Inc., a Prudential Financial company.

Equal Housing Opportunity.