Jan. 18, 2019

Real Estate Advice to Ignore

 

 

 

Buying or selling your home is a big decision. It’s natural to have questions, but how can you tell if the information and advice you receive is accurate to your situation? Not only can you find bad information online but it might come from unexpected sources, like your friends, your family and even your agent. Here are a few of terrible real estate advice that you should ignore each and every time.

 

• You’ll save money if you don’t work with an agent – Both buyers and sellers fall into this trap, but bottom line, a good agent will save both parties money through their market knowledge and negotiation skills.

• Determining your price by online estimates – Online home value estimates, such as Zillow’s Zestimates, are just that – estimates. Ask a local agent for a comprehensive market analysis to really understand the property value.

• No need to update/repair, buyers will do that – While there is some truth to the idea that buyers will want to upgrade to suit their taste, it’s critical to offer a clean, wellmaintained home with some modern amenities.

• Any agent can open a door – If that’s all they did, yes, any agent can open a door. The right agent will find the best possible terms and price for their clients.

Dec. 28, 2018

Winterize Your Vacant Home

The cold weather is here. Regardless of whether you’re packing up a vacation home for the season or simply traveling from your primary residence for a week or two, caring for a vacant home during the winter months is important. Protect one of your best assets in critical in the colder weather.

 Keep Your Home From Looking Vacant - Colder weather means fewer neighbors out and about. New technology, such as Alexa, can help you make the home seem occupied. Add a video doorbell and/or CCTV to allow you to “watch” your home from anywhere.

 Protect Your Pipes – Bursting pipes can cost thousands of dollars to repair. Drain your pipes by opening faucets and flushing toilets, and then turn off the water before you leave.

 Keep a Minimum Temperature – Even with drained pipes, the home temperature should not drop below 55 degrees. Appliances, hot water heater and other systems still risk damage in freezing temperatures.

 Perform Preventative Maintenance Before You Leave – In addition to basic upkeep, make sure your systems are working properly. Heating and cooling systems, appliances, wiring and outlets can all create a fire hazard if not in good condition. Unplug all appliances and unnecessary lights before you leave.

 Have an Emergency Plan – Make sure someone is available for help in an emergency

Posted in Home Tips
Dec. 21, 2018

Great Wolf considers water park in Maryland

 

Great Wolf Resorts Inc., which operates 18 indoor and outdoor water parks in North America, is considering a $200 million water park and lodge in Cecil County, Maryland, next to Hollywood Casino.

 

For more info => https://www.bizjournals.com/baltimore/news/2018/12/17/exclusivegreat-wolf-lodge-to-build-a-200m-44-acre.html?fbclid=IwAR1d2bXZSYQcMjdNSapa3T-XfKja6aC5sleAMD4B05TbUMB6NJBvkBIBcvA

Dec. 7, 2018

Holiday Décor For Less

 

The holiday season is here. Decorating magazines and store fronts are filled with beautiful wreaths, themed pillows and festive decorations, but this can be expensive. Decking the halls doesn’t have to cost a fortune. Add some freshness to your home this season with these inexpensive ideas.

 DIY Ornament Wreath – Find some inexpensive ornaments and use your hot glue gun to attach to a wreath shape.  Fresh Greenery – Extra cuttings from the tree or even an evergreen in your yard adds charm to your front door, table or mantle.

 Candles – Real or fake, candles create ambiance throughout the home. Use silver or white candle sticks and holders to contrast with fresh greens for a modern look.

 Candy Canes – Fill jars or glassware with multi-colored candy canes and leave on coffee tables and dressers.

 Wrap Your Gifts Early – Nestle wrapped presents under the tree or in piles in corners. Use festive, colorful paper to add to the charm of the room.

 Holiday Pillows – Discount stores offer inexpensive holiday pillows to through on sofas, beds and chairs.

 Fairy Lights – Adding battery powered light strands to wreaths, tucked in greens and trimmings and clear bowls filled with ornaments can add a sparkle to the room.

 

These are just a few tips for decorating your home this year for less money, and have fun doing it. 

Posted in Home Tips
Nov. 16, 2018

Selling During The Holidays

The Holiday Season has arrived and many home sellers are concerned it’s the wrong time to list their homes. The truth is that the holidays can be a great time to sell your home. Not only does your home look more beautiful dressed up for the holidays, but buyers are often more emotionally tied to the home because of it. There is no need to wait for the hectic New Year selling season to list.

There are benefits to selling now!

 Lower Inventory – Typically there are fewer homes on the market; fewer homes means less competition.

 Serious Buyers – Buyers during the holidays tend to be more serious than at other times of the year. Moving is not fun anytime of the year, but the holidays are particularly hard, so buyers willing to do this are serious about moving.

 Interest Rates are Still Low – No one knows what’s coming in the New Year, but for now, Interest Rates are still traditionally low.

The Holiday Selling Season is here. Home sellers can capitalize on the slower pace, smaller inventory and serious buyers by listing now. Deck the halls and offer a warm, cozy home to potential buyers and take advantage of the season for selling your home now. 

Nov. 9, 2018

Buying a Foreclosure – Pros and Cons

About 10 years ago it seemed that almost every home listing was either a short sale or foreclosure. Fortunately, the US housing market has recovered and these distressed properties are less common. Still, there are foreclosures or REO (real estate owned) homes for sale and buyers who are searching for bargains tend to be drawn to them. But are they really as good a deal as they seem? Before writing that offer, consider the pros and cons of buying a foreclosure. 

 

Pros

• The biggest pro is that they are cheaper, typically about 5-7% cheaper. Banks do not want to hold onto property they’ve been forced to take back. They want them sold and price them aggressively to get offers, normally multiple offers.

• The bank is impersonal. When negotiating, a bank will only consider the dollar and cents of the deal; they are not emotionally involved.

Cons

• The biggest cons is the condition of the home. The previous sellers clearly were in some kind of financial distress and chances are good there is deferred maintenance or other problem with the home.

• The bank is impersonal. This can work against you as well. The bank does not care who buys the home and will not be swayed with emotional appeals. 

 

Buying a foreclosure can be a real deal or a real dud. Consider the pros and cons carefully before investing in a foreclosure. 

Nov. 2, 2018

What are Contingencies on a Contract?

 

 

Contingencies are commonplace in contracts of all kinds. A contingency allows for one party or another to legally back out of a contract in the event of some specific condition occurring. They are protection against the unknown.

In real estate, there can be contingencies inserted for either buyer or seller or both. These take many different forms and until removed in writing, either party may change their minds based on the result of the contingent event or issue.

Some examples of home buyer contingencies:

• Home inspections – condition of the home

• Specialty inspections – mold, geological, roof inspections

• Code Violations – an investigation into improvements made without permits

• Lender appraisal – ensures the offered price is not too high

• Sale of current home – allows the buyer to back out if they cannot sell their current home in specific time frame

• Final loan approval – loan is ready for signature and close

• HOA CC&Rs – review of documents to ensure rules and regulations do not infringe on enjoyment of property

• Insurability – home owner’s insurance available at a reasonable rate

Home sellers can also have contingencies included as well, such as one which states the sale is contingent on finding a replacement home. Contingencies are a fact of contract law. In real estate, they ensure that the offer is concluded as expected. 

Oct. 26, 2018

Tips for Buying a House in the Fall

 

 

Surprisingly, fall is a great time to buy a home. There are still homes on the market which did not sell during the summer months, some at deep discounts. There are also homes newly listed by sellers trying to beat the slower winter months. At the same time, there are fewer buyers out searching, which makes it the perfect time to buy a home.

• Fall home buyers should be ready to move when they find the right home and at the right price. Get prequalified so that you can jump at the right opportunity.

• Notice the imperfections. With windy or rainy weather, homes can show their scars. Look for evidence of water intrusion and evaluate the yard debris with the falling leaves. Look at gutters and ceilings for both.

• Visit the local school. With school in session, this is a good time to visit and ask questions from teachers and administrators.

• Wait for winter if necessary. Buyers all but evaporate in the winter months, so while the competition seems low in the fall, wait for the right home to come along, even if it’s in January.

Buying a home this fall is exciting. By using the season to its advantage, home buyers can get a great deal. 

Sept. 16, 2018

Staging your home to sell

It’s all about first impressions!

 

I am ASP® accredited as a Real Estate Agent Staging Professional

Home staging is a complimentary service and an advantage of listing your home with me. According to the National Association of Realtors, home staging can increase the dollar value of a home and decreased the amount of time the home is on the market. With only a few days to make a solid first impression on your potential buyers, staging will ensure that your property will stand out against the competition.

In preparing your home for sale, I will be with you every step of the way. We will focus on neutralizing the decor while highlighting your homes' best features. We want to help potential buyers feel like they could live there!

​In the event you are considering home improvement projects to maximize the value of your home. I would be happy to recommend needed changes and to share a list of resources to help you accomplish them.

Should you have any additional questions regarding home staging or the process feel free to contact me.

Sept. 15, 2018

Curious About Local Real Estate?

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates