Tags Archives: relocation

As school starts up and our “to do” lists grow, we find ourselves with less pool time and more after school activities.  I find this time of year encouraging and overwhelming.  I googled “most stressful life events” and found that back to school did not make the list.  But, the list proved once again to me that relationships are what is important in life.  Almost all items on the list deal with loved ones and events including hardship as a family.  According to paindoctor.com the list is:

  1.   Death of a spouse or child
  2.   Divorce
  3.   Marital Separation
  4.   Imprisonment
  5.   Death of a close family member
  6.   Personal Injury or illness
  7.    Marriage
  8.    Dismissal from work
  9.    Marital Reconciliation
  10.    Retirement

Buying or selling a home DOES NOT make the list!  I have a friend who tried to sell her house using an online realtor company that puts a sign in your yard and does the paperwork.  I have never seen her more stressed and the house didn’t sell.  It doesn’t have to be like this!!  Get yourself a real estate agent, have them do the work and watch your home sell faster, for more money, and with WAY less stress.   I stumbled across this informative fact filled article on Keeping Current Matters…

 

Is Buying a Home Really More Stressful than Planning a Wedding?

Some Highlights:

  • According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.
  • Many young couples are saving for a wedding and a home at the same time.
  • The average US wedding now costs 66% of a median home down payment, according to The Knot.

I have a husband who goes around the house turning off the lights that were left on.  This drives me insane and we all enjoy teasing him about the 3 cents he saves every time he turns the lights off.  (And, I am a little afraid of the dark…when he is out of town, every light in the house is on.)  The reality is, these pennies do add up each month, and we love our earth.  Conserving energy is good for our beautiful earth and for humanity not just our wallets.  Here is a list of 8 ways we can each save money on our utility bills and be earth smart….unlike this home…”turn a light out!!”

 

 

 

8 Smart Home Technology Trends that Can Save You Money

The ‘smart home’ is the new ‘internet of things’, or objects that can serve you better by communicating with each other or directly with you through apps on your smart phone. In the ideal version of the wired future, all of our appliances and gadgets talk to each other seamlessly.

What could living in a smart home look like? Picture something like this:

The lights in your bedroom slowly illuminate to quietly awaken you in the morning, replacing the typical blaring alarm. The aroma of fresh brewing coffee drifts in and stirs your senses. Once the lights are all the way up, the heating system kicks on, just in time to warm up your room so you’re not shocked once you crawl out from underneath the duvet.

When you step into the shower, it turns on automatically and remembers your preferred temperature and water pressure. And it will shut off right when you’re finished as it knows how long you take to bathe.

Once you’ve driven out of your garage, your home alarm system arms itself. And it will only unlock automatically when it “sees” and recognizes someone else from your family approaching through programmed in biometrics.

Do smart homes really work this way right now? Not exactly…while you may find some of these smart features in certain homes, we haven’t reached the point where every feature intuitively knows what you want and when you wanted. However, each year we’re getting closer and closer toward that shiny, idealized ‘Jetson’ future.

Here are some trends that we see for smart homes, many of which may also help you save money:

 

Smart Thermostats

Programmable thermostats that are synchronized with the clock have been around for decades. However, they’re often difficult to set and aren’t necessarily efficient; they simply turn on or off as programmed, whether or not you are there.

With the newer models, smart thermostats can be programmed to adjust the temperature when they sense you are present. And once you leave, they can kick back to standby mode so that you’re saving energy and money. Nest does all of this, and it also allows you to check your usage from your cell phone so that you can adjust the temperature remotely and save even more.

 

Smart Smoke Detectors

Having a working, effective smoke detector saves lives. But unfortunately, many of us still have those battery-run smoke detectors that make that annoying, piercing beep when their batteries are running low on power. And instead of replacing batteries right away, it’s often easier to pull them out and disable the detector (while risking our lives).

Many of the new smart smoke detectors, like the Birdi, monitor smoke, carbon dioxide, as well as air quality. With this new sensor technology, they know the difference between a real fire and burnt toast.

Smart Sprinkler Control

Weather in our area is predictably unpredictable. Often, especially during the summer months, we fall into a severe drought. But then we might have one season that brings extreme amounts of rain, like we did this past spring.

A smart sprinkler controller like Rachio Iro can not only help save you lots of money on your water bill but also help protect our precious resources.

Programmable by computer or smart phone, it can automatically adjust how often you water your lawn based on the season and the weather forecasts. You can also remotely adjust the settings through a mobile app.

Smart Solar Panels

You can put the sun to work for you by using solar technology to power your home. It’s green and renewable, and can save you money over the long term. A recent study conducted by the NC Clean Energy Technology Center determined that Austin customers who invested in a solar system saved an average of $66 per month during the first year that they owned the system.

With smart solar panels, you can program the technology to monitor their performance and even turn them off in case of a weather emergency or fire.

Smart Home Security Systems

Home monitoring has become much more sophisticated in recent years. With the old-style security systems, you had to call in contractors to wire your home with monitoring sensors.

With new smart technology, you can simply place a few smart devices in your home to monitor movement and sense whether doors and windows are closed or opened. Some systems include audio and video monitoring, as well as sirens to scare off intruders. You get real-time feedback on security breaches through an app. And, because you’re alerted as soon as the system senses an intruder, it’s more likely that they will be caught.

Canary is one popular all-in-one audio-video security system, complete with sirens and night vision.

 

Smart Locks

Go beyond the standard key locks, which can often be compromised by burglars. The new smart lock systems give you more control over those who can gain access to your home.

Some systems, like the Kwikset Kevo, include encrypted virtual keys that you can program for access for a limited amount of time—for example, allowing guests over for a weekend, or cleaning service in during a specific window of time.

Other door locking systems include biometric technology. The Ola smart lock allows you to program your lock to recognize your family member’s fingerprints. Other systems use facial recognition to greet you and unlock your door.

The new August smart lock integrates with Apple’s technology so you can ask Siri to open your door for you.

Smart lighting systems and light bulbs

A well-lit home feels warm and welcoming, and good lighting can instantly increase the value of your home.

However, annual lighting costs can account for up to 12% of your overall electric bill, or over $200 per year according to Energy Star. You can easily reduce this expense simply by using smart lighting technology to add efficiency.

The Philips Hue wifi-enabled lights make it easy to add to your home without installing specialized equipment. Smart lighting dimmers and sensors can give you more control over how much energy you use and allow you to turn them on and off through your smart phone.

New smart light bulbs can give you control over the warmth or coolness levels of your lighting. With the Lifx LED light bulbs, for example, you can program your light bulbs to turn on or off when you want, to slowly wake you up with increasing illumination, or to change from daytime work lighting to entertainment-friendly shades for parties.

Smart Appliances

Programmable slow cookers and coffee makers are the quaint, old-fashioned versions of these home conveniences. Newer, smart appliances give you more control over how your food is kept and prepared, and make it easier for you to complete pesky household chores.

  • Newer coffee makers, like the Smarter coffee machine, let you ‘order’ your coffee exactly to your liking, adjusting everything from bean grind to temperature to strength to time that it’s ready to drink.
  • Smart refrigeration technology can help you store your food at just the right temperature, adjusting the thermostat during peak usage times. For example, the LG THINQ fridgecan alert you via smart phone app if a door is accidentally left open.
  • Smart ovens can ensure that your food is cooked to the right level of done-ness, and alert you when your meal is ready to eat. June, a new counter oven invented by former Google, Apple, Go-Pro and Path employees will give you even more control—it will contain cameras, thermometers, and other technology to ‘learn’ what you like to eat and make menu suggestions.
  • Smart washers and dryers have customizable controls so that you can safely wash any type of fabric. Some units include controls to increase drying time to save energy. And soon, connected appliances from GE, Oster, Samsung, and other makers, will be able to re-order soap and fabric softener directly from Amazon, so you won’t even have to think about running to the store at the last minute.

Have you tested any of these technologies in your home? Did we miss any of your favorite home technologies? Let us know in the comments!

5 years ago, when my husband and I decided to move in our area, we began driving the neighborhoods.  We wanted trees, well-kept yards, bikes on the front yard, signs of children, and neighbors talking to each other.  We wanted open space trails and well-maintained fences and signage.  We began praying for not the perfect home, but the perfect street and neighbors for our family.  We knew we could fix up any house (with the right square footage and floor plan) and make it our dream home.  But, we have little control over our neighbors and community.  I stumbled across this post from The Paperless Agent and it made me realize that we do have a little, limited control over building strong neighborhoods.  The following shows 10 ways we can influence our areas for the better and build better communities.

 

Welcome Home: 10 Tips to Turn Your Neighborhood
Into a Hometown Haven

“Communities work better (students perform better, crime rates are lower, kids are safer, people live longer) when neighbors know one another better. Knowing your neighbor on a first-name basis…is a surprisingly effective first step.” 
Robert Putnam, Harvard Public Policy Professor and author of Bowling Alone

While advancements in technology have made it possible for us to connect with people from around the world, numerous studies show that it has led to a decline in face-to-face interactions.1

Places where we used to strike up casual conversations—such as a doctor’s office waiting room, bus stop or grocery line—are now filled with people looking at their smart phones, barely acknowledging those around them.

Even many families dining together or relaxing in the evenings can be caught spending more time focused on screens than each other. Is it any surprise that we’ve experienced a steady decline in community involvement?

In his book Bowling Alone, Harvard Public Policy Professor Robert Putnam “draws on evidence including nearly 500,000 interviews over the last quarter century to show that we sign fewer petitions, belong to fewer organizations that meet, know our neighbors less, meet with friends less frequently, and even socialize with our families less often.”2

How is this shift impacting our overall well being? A study by Oregon Health & Science University researchers found that having limited face-to-face social contact nearly doubles an individual’s risk of depression.3

CONNECTING WITH YOUR COMMUNITY
If you’re considering a move to a new city or neighborhood, you may be worried about replacing the comfort and support of family and friends you’ll leave behind. Or perhaps you have completed a move but would like to meet more people, build friendships and strengthen your support system.

In this blog post, we’ll explore 10 ways you can utilize technology to foster in-person connections with your neighbors, make friends and get engaged in your local community.

 

 

  1. JOIN YOUR NEIGHBORHOOD’S SOCIAL NETWORK

A growing number of neighborhoods are utilizing private social networks like U.S.-based Nextdoor and Canadian-based GoNeighbour. These platforms are designed specifically to connect neighbors and include an address verification process.

Residents post about a variety of topics, including neighborhood news, recommendations for local businesses, lost pets, etc. These platforms are a great way to stay up-to-date on what’s happening in your neighborhood, but don’t just use them to connect virtually. Extend an invitation to your neighbors to attend an in-person event, such as a park playdate for families, an informal soccer game or a potluck block party.

 

  1. ATTEND A PLACE OF WORSHIP

If you have a religious affiliation, joining a local place of worship is great way to meet people and get involved in your community. Aside from attending services, most religious institutions also host extracurricular activities to foster fellowship amongst the congregation.

Whether you are looking to join a church, synagogue, mosque or temple, there are a variety of online resources available to help you find a match in your area, including:

To make the most of your affiliation, look for opportunities to meet in smaller group settings. It’s a great way to form interpersonal relationships with people who share your beliefs and values.

  1. FIND AN INTEREST GROUP

Whatever your favorite hobby or pastime, you’re guaranteed to meet people who share your interests when you join an interest group!

The website Meetup.com has over 32 million members in 288,000 groups in 182 countries. You can search for a group in your area that appeals to you … from book clubs to running groups to professional networking, they have it all.

If you don’t find what you’re looking for, you can start your own group for a monthly fee. The site makes it easy to ask (or require) members to pitch in to cover the cost. It also enables you to promote a corporate sponsor on your page, so you may be able to find a local business to cover the cost.

Most people who join Meetup are there for the same reason you are … to meet people who share their interests. So it’s a great place to make like-minded friends in your community.

  1. LEND A HAND

Volunteering your time and talents is another good way to get engaged in your community and meet those who share a similar mission.

Most nonprofit organizations rely heavily on volunteers. Find one with a cause you’re passionate about by visiting VolunteerMatch.

You can search by cause, location and keywords, and filter your results to include opportunities that are suitable for kids, seniors or groups. Another option is to search for volunteer positions that require specialized skills. Perhaps you’re musical or maybe you’re good with computers. There could be an organization in your area that needs your talents or skills.

Lotsa Helping Hands is another site focused on connecting volunteers with those in need. Members can request help or search for opportunities to assist others in their area. Most of the volunteer opportunities involve aiding neighbors who are ill or elderly by delivering meals, offering rides to appointments or just stopping by for a visit. This can be a great way to make a direct impact on your neighbors who need a helping hand!

  1. TAKE A CLASS

Taking a class is a wonderful way to develop a skill while meeting people who share your interests and passion for learning.

Whether you want to brush up on your Spanish, finish your novel, or learn how to tango, most community colleges offer inexpensive, non-credit classes on a variety of topics.

And if you are pursuing a degree, forego taking your courses online. Opt for the traditional route instead. There’s no substitute for being part of a live community of your peers.

To search for a community college in your area, visit the American Association of Community Colleges or SchoolsInCanada.com.

  1. ATTEND AN EVENT

Attending a live event is another way to engage with members of your community. From festivals to fundraisers to retreats, Eventbrite is a great place to search for events in your area. You can filter your search by category, event type, date and price to find something that fits your interests, schedule and budget.

Be strategic about the type of event you choose. For example, while attending a large festival might be a fun way to feel engaged with your community, it might also be harder to meet people. A retreat or a networking event may offer more opportunities for one-on-one interaction.

  1. SHARE YOUR STUFF

Everyone’s talking about the rise of the “sharing economy” with the popularity of Uber and Airbnb. But there’s also been a rise in “sharing communities,” which facilitate the free exchange of goods among neighbors to reduce consumption and keep usable items out of landfills.

Nonprofit groups like The Freecycle Network are made up of people who are giving (and getting) stuff for free in their own towns and neighborhoods. Members can post “offers” of free items or “wanted” items they need.

The company Peerby has a similar goal of reducing consumption by encouraging neighbors to lend and borrow items they don’t often use. For example, you can offer to share your blender, rake or ladder. Maybe you need to borrow a drill, cake pan or moving trolley. Peerby enables you to request items to borrow from your neighbors and encourages you to register items you are willing to lend.

The Little Free Library is another innovative way neighbors are participating in a sharing community. Stewards build or purchase a box to house the library and fill it with books they are willing to give away. The library is usually placed in their front yard or in a public outdoor space. Visitors are encouraged to take a book they’d like to read, and in exchange leave a book for someone else to enjoy. With over 60,000 libraries in 80 countries, the organization estimates millions of books are exchanged annually among neighbors.

  1. SUPPORT A COMMUNITY GARDEN

 Community gardens have become increasingly popular in both urban and rural areas across North America. Not only do they beautify a neighborhood, they also foster community, encourage self-reliance, reduce family food budgets, conserve resources, and provide opportunities for recreation and exercise.

The mission of the American Community Gardening Association is to build community by increasing and enhancing community gardening and greening across the United States and Canada. The organization’s website enables you to search for existing community gardens in your area. If there isn’t one nearby, you might considering starting one. The site provides helpful tips and resources for organizing a garden in your neighborhood.

  1. CARPOOL WITH A COWORKER

In the spirit of joining a “sharing community,” carpooling offers many similar benefits. It presents an opportunity to form a bond with coworkers and/or neighbors during your daily commute. Additionally, you can save money on gas, reduce wear-and-tear on your vehicle, lower carbon emissions, and in many cities reduce your commute time by taking advantage of high-occupancy vehicle (HOV) travel lanes.

The success of ridesharing companies like Uber and Lyft has spurred a new wave of carpooling websites and apps that aim to revolutionize the way we commute by making it easier and more convenient to carpool. While many of these are still in their infancy stages, they are expanding into new markets and improving functionality at a rapid pace.

Kangaride Local, Scoop and Waze Carpool are just a few examples, and more are popping up every day. They are currently available in limited markets throughout the United States and Canada, but are becoming prevalent in more cities as residents opt-in. Check to see if any of these are available in your local area.

Alternatively, you can try posting on your neighborhood’s social network to see if one or more of your neighbors are commuting to a nearby location. Take turns driving and start benefiting from all that carpooling has to offer!

  1. PARTICIPATE IN WORLD NEIGHBORS DAY

The organizers behind World Neighbors Day promote it as “an invitation to share a moment with your neighbors, to get to know each other better and develop a real sense of community.”

In Canada it’s held on the second Saturday in June, and in the United States it’s held on the third Sunday in September. Participants are encouraged to organize gatherings with their neighbors to build relationships that “form the fabric of our communities.”

You can participate by attending or organizing a gathering in your neighborhood. Examples include: a block party, outdoor movie screening, book exchange, charity bake sale, volleyball game, etc. Anything that brings neighbors together in a fun and relaxed setting is a good choice!

Gatherings can be promoted through your neighborhood’s social media network, blog or listserv, or you can go the old-fashioned route and hand out flyers door-to-door. Whatever you do, be sure to make your gathering inclusive and welcoming to all.

BE A GOOD NEIGHBOR

 As with anything in life, you will get out what you put in. It can take time to build lasting and meaningful friendships with your neighbors, but the effort you make is likely to pay off tenfold.

The tried-and-true way to make friends, expand your circle, grow your support system and get engaged in your community? Be a good neighbor yourself.

 

 

What are the best ways you’ve found to meet and engage with your neighbors? Share your success stories or challenges in the comments below!

 

Sources:

  1. Lengacher, L. (2015) Mobile Technology: Its Effect on Face-to-Face Communication and Interpersonal Interaction. Undergraduate Research Journal for the Human Sciences –
    http://www.kon.org/urc/v14/lengacher.html
  2. Putnam, R. (2000) Bowling Alone. New York: Simon & Schuster –
    http://bowlingalone.com/
  3. Bergland, C. (2015 October 5) Face-to-Face Social Contact Reduces Risk of Depression. Psychology Today
    https://www.psychologytoday.com/blog/the-athletes-way/201510/face-face-social-contact-reduces-risk-depression

If you are thinking of buying a home in 2018, now is the time to get ready. Most of us are on Holiday break, and what better time to get everything in order to buy a home in 2018 while you are home and on vacation. Are you ready?

7 Steps to Be Ready to Buy a House in 2018

1. Check your credit score.

A credit score is a numerical representation of your credit report. FICO scores range from 300 to 850, and the higher your score, the better. “Good credit is like gold when obtaining a mortgage,” says Denise Supplee, a Pennsylvania agent. Typically, you’ll get the best interest rate on a loan if your score is 740 and above. “A higher credit score should net you a lower mortgage rate,” says Lee Gimpel, co-creator of The Good Credit Game, which specializes in financial education. “That lower rate, even if it’s only 1 or 2 percent lower, can mean saving thousands of dollars per year.” If your credit score falls short, get busy repairing it. Correct any errors that might be on your report, start paying all your bills on time, and get your credit limit raised. Note, though, that you shouldn’t max out your card each month. It’s best to use 30 percent or less of your total available credit.

2. Don’t open new credit cards.

If you think resisting taking a selfie when you’re face-to-face with your fave celebrity is a testament to your willpower, that’s sissy stuff compared with turning down every offer to open a credit card, even if you could save 20 percent (or more!) on your holiday purchases. Tempting as saving at checkout can be, opening new credit may hurt your chances of getting a mortgage, or at least of getting the best rate on a loan.

“By opening the account, you have created another line of credit,” says Paul Anastos, president of Mortgage Master, a division of loanDepot, a nonbank lender. “That credit line, and what is borrowed, can change the application numbers and jeopardize the application.” What could save you a few dollars now could cost you far more in the long run if your mortgage payments will be higher. And along those same lines, “Don’t overspend during the holiday season,” says Dean Sioukas founder of Magilla Loans, an online lending exchange. “Especially on impulse purchases that can be tempting during the holidays.”

3. Suggest financial gifts for the holidays

Besides the mortgage loan, you’ll need a sizable amount of cash to buy a house. There’s the down payment to consider, closing costs, and moving costs. You should also set aside money for unexpected repairs and costs, says Brian Betzler, regional sales manager at TD Bank. Not being prepared “is probably why nearly half of millennials incurred up to $5,000 in unexpected costs during the mortgage process, according to a TD survey,” he says.

A potential solution? Bulk up that emergency fund. “Instead of getting gifts for the holidays, [prospective homebuyers] can suggest cash instead that will be put toward their home,” says Paul Sian, a Kentucky and Ohio agent. And remember, you might be getting some money back after you file your tax return. Don’t blow it on vacation. “A tax refund is a great way to add to your cash reserves for a down payment,” says David Hosterman, branch manager of Castle & Cooke Mortgage in Colorado.

4. Interview potential real estate agents.

Obviously we would hope you would interview and choose Justin or Kristen Andersen to be your agent but here are some good tips. If your neighbor, relative, or friend of a friend happens to know (or is) a real estate agent, that’s great. This person might be the perfect agent for you. But you owe it to yourself to shop around. “Look for [an agent] who is knowledgeable, good, integral, and can assist you in reaching the goal of homeownership,” says Chantay Bridges, a Los Angeles, CA, real estate agent. “Make sure they are not a novice, new, or just unaware of how to do a specific transaction.” The end of the year is usually a slow time for agents, so chances are they’ll be more accommodating to making an appointment on your schedule.

5. Keep tabs on interest rates.

If you hear that interest rates are at historic lows or that interest rates are on the rise, you should not assume that you can get the rock-bottom rate. Not everyone gets the same interest rate on a mortgage loan. It depends on your financial picture and on the lender you choose. “Everyone knows that home prices are, at least to some extent, negotiable, but we find loans to be the same,” says Warren Ward, CFP with WWA Planning & Investments in Indiana. He advises that homebuyers shop around for the lowest interest rates. Note that closing costs can vary too, so discuss with your real estate agent ways to keep yours down. “We saved $150 on the closing fees by selecting the cheapest title company,” says Ward. “I guess that’s not much, but I think most people would bend over to pick up three $50 bills if they were lying on the sidewalk.”

6. Find a mortgage lender.

Before you even start looking for a home (and yes, we even mean browsing online listings), look for a mortgage lender to find out if you can afford to buy a home. If you can’t right now, there’s no use torturing yourself by finding your dream home that’s just out of reach. But how do you find a lender? “If you have a bank you’ve been with for years, ask them,” says Bridges. “Your [real estate agent] can also refer a good lender to you. Compare [that lender] with two others. Look at what they offer, costs, points, and how long to close.” Once you know how much home you can afford, perform your home search based on your preapproval amount or less.

7. Get preapproved.

When a lender gives your financials the once-over and preapproves you for a mortgage, you’ll be able to show sellers that you really can buy their house. But how do you get preapproved? By preparing a few documents, which you can do several months in advance of the actual purchase. Here’s what you need to buy a house.

  • Tax returns for the past two years
  • W-2 forms for the past two years
  • Paycheck stubs from the past few months
  • Proof of mortgage or rent payments for the past year
  • A list of all your debts, including credit cards, student loans, auto loans, and alimony
  • A list of all your assets, including bank statements, auto titles, real estate, and any investment accounts

Paul Anastos also advises not to change jobs, make big purchases, or miss any debt payments as you prepare to get a mortgage.

Cheers to a prosperous 2018 and we hope to help you or anyone you know with your home needs in 2018!

Originally published October 17, 2016. Updated October 30, 2017. Excerpts From trulia.com

 

 

The home-buying process is a high-stakes thrill ride full of exhilarating ups and scary downs, but unquestionably one of the most deflating moments is when the appraisal comes in significantly lower than the accepted offer. This is, to use technical real estate lingo, “a bummer.”

Either you feel as though you got the raw end of a deal by paying more than the property’s worth or, if you don’t have extra cash to hand over, the deal can crumble into dust. (Your lender’s not going to fork over money for a higher loan amount if the appraisal came in lower than expected, so you’ll have to make up that difference yourself.)

“In a rising market, low valuations are pretty common because appraisals are based upon sales that closed when prices were lower,” says Diane Saatchi, a senior broker with Saunders & Associates in Bridgehampton, NY. “The reverse is so in a declining market.”

In other words: Appraisals can’t keep up with how quickly homes are selling in a hot market, so you’re bound to see lower-than-expected values placed on homes.So, what do you do if this happens to you? You have four options:

1. Appeal the appraisal

Sometimes called a “rebuttal of value,” the appraisal appeal takes some work. In fact, it’s a total team effort.

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming, a mortgage adviser and author of “The Loan Guide: How to Get the Best Possible Mortgage.” 

That means everyone puts on their best Sherlock Holmes garb and gets to work looking for anything that helps the claim for higher valuation. Perhaps the appraiser overlooked some comps (homes similar in style, location, and square footage sold within the past few years).

“It’s not uncommon to discover, for instance, that the appraiser used a comparable sale that looks like it’s in great condition, when in fact the home was trashed when purchased and has already been rehabilitated,” Fleming says.

The loan officer writes an appeal using the new comparables and then sends it to the appraiser. There might be some negotiating back and forth until all parties come to a compromise with a new valuation.

Spoiler: It’s a hard battle to fight.

“My record on this one is 0 for 9 so far,” Fleming says. “But I know many appraisers personally who have adjusted their values.” So keep the hope alive!

2. Order a second appraisal

“Most often, if the appraised value is not as high as the agreed (contract) price, the seller’s agent will ask to see the comps and get a second or third appraisal,” Saatchi says.

But it will likely cost you–you’re not only paying for the first appraisal (in your closing costs), but you’ll pony up for any additional appraisals as well. They can range between a few hundred dollars and $1,000 depending on the area. Occasionally, real estate agents or sellers will foot the bill if they really want to keep the sale.

3. Negotiate with the seller

If you’re lucky, you and the seller will both budge a little.

“You might go back to the sellers and ask them to reduce the price or split the difference,” says Peter Grabel, managing director of Luxury Mortgage in Stamford, CT. “The seller is under no obligation to do so, but they may prefer to do this rather than take a chance of losing you as a buyer, and starting over again. It is likely that another buyer will have the same issue, so the seller might be better off renegotiating with you unless they have other offers.”

Sellers might be more willing to cooperate, especially if the Federal Housing Administration is involved. Lenders often require the use of their own FHA-approved appraiser, and these appraisals are “locked in” for six months.

“The seller could be forced to take a poor appraisal or wait it out for a buyer with a different loan,” explains Joshua Jarvis of Jarvis Team Real Estate in Duluth, GA.

Jeff Knox, broker and owner of Dallas-area real estate firm Knox & Associates, says this is the most common outcome in his area.

“Of all possible outcomes, this is what happens most frequently,” he says. “While the seller will usually be upset about the low appraisal value, most reasonable sellers eventually come to terms with the fact that any other appraisal values by potential future buyers will most likely come in at about the same value.”

4. Walk away

No one wants to let a property slip through their fingers, especially if it feels like their dream home. But beware of ignoring a low appraisal—you could end up losing thousands whenever you decide to sell.

If you have an appraisal contingency in your contract, you can walk away, get your deposit back, and hope for better luck the next time around.

This article was written by Maureen Dempsey for Realtor.com. She is a writer who covers fashion, beauty, lifestyle, and home decor. She’s recently learned that decorating her new home is just as satisfying as filling her closet.

 

Congratulations! You have just closed on your new home and are pulling the moving truck into the driveway, and the last thing on your mind is the yearly maintenance needed to keep your home in great shape. We have found a list complied on Zillow.com by See Jane Drill of DIY maintenance that should be done the first 3 months and then organized seasonally. Enjoy!

First three months

You’ll be busy enough moving in and getting settled, so we don’t recommend taking on a lot of work during the first few months. There are, however, a few things you might consider doing right away:

  • Change all the locks, and make spare keys.
  • Implement energy-saving measures right away to save you money on heating and cooling costs:
    • Hang a clothesline in the laundry room and/or outside to cut down on dryer costs.
    • Lower the hot water heater temperature to 120 degrees F. This is generally the hottest water temperature that anyone would need, and lowering the temperature prevents scalding accidents.
    • Install a programmable thermostat, and learn how to use it.
  • If you make your home comfortable for kids and pets first, you’ll be comfortable, too! Babyproof and petproof as needed.

Seasonal maintenance

We organized the tasks by season, but some items are interchangeable. This is simply a recommendation, so make it work for you!

Summer

  • Install ceiling fans to cut cooling costs, or reverse the direction of existing fans. Run your fans counterclockwise in the warm months, and clockwise in the cool months.
  • Inspect the roof for missing, loose, or damaged shingles. You don’t always have to climb up there to do this. In some cases, you can do this from the ground with binoculars.
  • Clean the roof and gutters of leaves and moss.
  • Fix large cracks in the concrete or asphalt driveways. Do this during warm weather, when you can expect a few dry days for proper curing time.
  • Inspect air conditioners, and replace the filter if necessary.
  • Have the fireplace inspected and the chimney swept. You’ll likely pay less for these services by doing it in the offseason.
  • Clean and repair or replace window and patio door screens.

Fall

  • Seal cracks in windows and doors with caulk or weather stripping.
  • Drain exterior plumbing, and cover outdoor faucets.
  • Clean carpets. You can do this anytime, but it’s nice to get it done right before the holidays!
  • Install a new furnace filter.
  • Replace batteries in smoke alarms and carbon monoxide detectors. A good way to remember this task is to do it when you set the clocks back for daylight saving time.
  • Clean the dust from heating vents, and make sure vents are obstruction-free.
  • Inspect and replace — or add — outdoor lighting around the front of your home and walkways. This helps keep people safe when it gets darker earlier.

Winter

  • Clear drains of hair clogs using a Zip-It drain cleaning tool or a drum auger.
  • Clean the oven. While you’re at it, make sure all your kitchen appliances are in good working order prior to the holiday season.
  • Check the insulation in your attic or crawl space, and add more if needed. A good general guideline: have at least 12 inches of insulation in the attic, and up to 16 inches if you live in a region with very cold winters.
  • Create a family fire escape plan, and do a few fire drills to make sure everyone knows what to do in an emergency.
  • Keep snow and ice removal supplies on hand, such as a shovel, snowblower, and salt or sand.
  • Compile an emergency kit for your household with extra water, food, medicines, flashlights, and other necessities.

Spring

  • Clean and refinish (where applicable) decks, porches, and patios to prepare for outdoor living.
  • Bring out the outdoor furniture, and clean grills so they’re ready for backyard barbecues.
  • Spring-clean all windows — inside and out.
  • Plant a tree. This is a fun family activity to do in your new home. Plant the tree strategically for shade in a particularly warm and sunny area of your home.
  • Once you’ve had the last fire of the season, close the fireplace damper to keep dirt and pests out.
  • Assess and inspect garden tools and lawnmowers to make sure they’re ready for a new season of working hard in your yard.
  • Because this is your first season in a new home, take some time to observe your yard before making any major changes. See where the sun shines at different times of the day. Watch which perennials come up at which times. Take notes about what you like about the current landscaping, and what you want to change or add to the landscape.

Most importantly, enjoy your new home! Taking care of these few maintenance jobs will help you love your home for many years to come.

I was looking at Realtor.com the other day and came across this post about how comps are tricking people into thinking their home is worth more or less than what the home is really worth. I thought I would share this article written by Cathie Ericsson. She is a journalist who writes about real estate, finance, and health. She lives in Portland.

“Unlike most things we buy in life, homes don’t come with a sticker price. Sure, the real estate listing may say the price of the home is $320,000, but that’s just a starting point. Buyers can—and should—offer more or less money for the house based on something called real estate comps, short for “comparables.”

Real estate comps are properties that have similar characteristics to the house you’re trying to determine the value of. They’re critical tools used by real estate agents when you’re ready to buy or sell.

Because it’s easier to compare apples to apples, the best comps are houses that are as similar as possible to the one being valued.

But sometimes the comps are incorrect, which makes it hard for you to arrive at an appropriate value for your home. Using comps to determine a home’s valuation is not entirely a science, but there are some signs your real estate comps are not accurate.

Sign No. 1: The comps are far away

When we say location is key in real estate, that doesn’t just pertain to the location of your home. Your comps’ location is important because they take into account the desirability of the school system and neighborhood, among other factors, explains Jon Boyd, broker and manager of The Home Buyer’s Agent in Ann Arbor, MI.

If there aren’t sufficient nearby comps (as can happen if you’re in a rural area), your agent might need to widen the search area. Ideally you’ll look at homes within roughly a half-mile so you are truly comparing houses that are being valued equally.

Sign No. 2: The comps are stale

Markets move fast, and using a comp from a year ago will give you an incorrect idea of home values in your area. Boyd recommends sticking with homes that have sold within the past six months; the more recent, the better.

Sign No. 3: The comps are really appraisals

Does your comp use a strict formula of square footage, bedrooms, etc. to arrive at a market value? If so, that sounds more like an appraisal, which is an entirely different way of determining the value of the home. Be careful not to confuse the data provided by these two documents, warns Molly Stehman, real estate broker with Premiere Property Group in Lake Oswego, OR.

“Comps are totally subjective and a lot of opinion goes into the numbers,” she says. Appraisers must follow rules that standardize the process of determining a home’s value. So when coming up with comps, in addition to objective measures like square footage and number of rooms, Stehman will add factors like whether the home has been updated or remodeled, whether the floors are hardwood or laminate, the walkability score, the age of the roof and furnace, and even what she calls the “charm factor.”

That’s why the picturesque remodel you’re looking at might be priced higher than the plain-Jane house down the street, even if the facts on the appraisal sheet are basically identical.

Sign No. 4: The comps include homes that are still on the market

To be useful, a comp has to tell you what the home sold for, not what the asking price is. The best indicator of a house’s value is what people have paid for it, not what they might be willing to pay (the seller hopes). Be sure your comps contain only homes that are off the market.

Ultimately, the seller or buyer decides how much they want to ask or what they’re willing to offer for a house, Stehman points out. But by making sure your comps aren’t off-base to start with, you can step up to the negotiating table feeling as informed as possible.

Have you ever thought, oh I could have done this when I sold, I should have done this, I wished we would have done this?  The good thing sellers that have had regrets have shared with hopes that future home sellers don’t do the same thing. Jennifer O’Neill with Realtor.com has helped us compile a list of 5 regrets.

Regret No. 1: Not fully preparing the place

Serious about selling your home? Spiff it up, stat! Recent seller Kim Maggio admits that she didn’t focus on making cosmetic changes before putting her Haverhill, MA, house on the market and wishes that she had. “I didn’t spend enough time prepping our house for sale—purging, staging, or doing small repair projects,” she says. “And I regret not planning ahead or getting real about what had to be done, because it ended up dragging out the home-selling process—in terms of finding a buyer and negotiating repairs—costing me precious time and money.”

At Andersen Realty, we take the time to help you prepare your home. We have a stager come over before the photographer to help you make the pictures look amazing. She helps with everything, not just moving furniture around to make the room look larger. She helps with what you need to pack away, change, move, and declutter.

Regret No. 2: Making the property too perfect

On the other hand don’t go overboard, either. When Jen Mason and her husband sold their Denver condo in order to buy their neighbor’s bigger apartment across the courtyard, she put extra energy into leaving the property in pristine condition. “But why did we care about patching every nail hole, making the place look flawless, and leaving behind our beloved custom window coverings?” she gripes. “Our buyer was an older single woman who really just wanted to live in our neighborhood. All of our efforts had all been a waste.”

Regret No. 3: Staying in contact after the sale

Always do your best to keep things “just business,” Mason advises sellers. She didn’t, and is still kicking herself for it. “Since we only moved across the street, we availed ourselves to the buyer for questions,” the Denver homeowner explains. “And she called us for at least a year on a regular basis whenever she couldn’t figure out how something worked: the house alarm, air filter, fire alarm, window screens, and on and on. It was as though my husband became her personal handyman!” Despite their best efforts to remain friendly in the tight-knit community, she admits, “we eventually tired of her calls and stalled on our response time until she finally stopped reaching out.”

Regret No. 4: Trying to sell without an agent

“We tried to sell our home without using an agent and soon realized that in our market, and it didn’t quite work out,” says Boston-area homeowner Rebecca Addison. The approach “wasn’t really accepted by the buyer’s Realtors®, who often questioned our price point, which made things difficult.”So she ditched the for-sale-by-owner approach and wound up enlisting a Realtor after all. “I wish we had just done it right away, because instead it set us back at least a month if not more,” she says. “And in that time people moved on and the market changed. I think we might have missed out on a better sale.”

Regret No. 5: Caving to a buyer’s whims

Addison also learned the hard way that it doesn’t pay to bend over backward, sideways, and into intriguing pretzel shapes for a demanding buyer.“Our buyer was really difficult and wanted us to give on so many items,” she says. “We also agreed to give the buyer money toward updating the roof so we were very frustrated on the day of closing when he wanted even more.”Addison stood firm, and after a few hitches the sale continued thanks to an agreement between the Realtors to appease the buyer by reducing their commission.“I found myself resentful that the buyer got away with that and got the house,” she says. “Especially when I can see for myself that he hasn’t completed any roof work in the past five years.”

Regret No. 6: Skipping the staging

“I really regret not paying the money to stage my apartment right off the bat,” confesses Chicago homeowner Rachel Bertsche. Hoping to save on expenses since she’d already bought and moved into a different home with her family, Bertsche skipped that step until it was too late.

If you are ready to sell and are looking to not make any regrets, give us a call today.

I know you always hear this at the beginning of every year, but with the shrinking inventory, rising interest rates and prices, you need to jump in the home ownership pool now! Buy! Buy! Buy! (Insert New Kids On The Block song in your head as you read the last 3 words)

“It’s tough to buy a home today in most places in the country because there are so few homes for sale,” says Jonathan Smoke, chief economist for Realtor.com. “But if you wait to buy, then you’re gambling that the market will be better for you to purchase in the future.” And that’s not a smart gamble, realtor.com says. If you’ve been toying with the idea of buying, or you anticipate a life change that might force you to move—such as a new baby or a job transfer—you should be “buying as urgently and as soon as possible,” Smoke says.

Here are 3 reasons why:

1. Rates are rising

In 1981, when mortgage rates hit 18% and seemed to rise every day, single-digit rates seemed like an impossible dream.

Last August, however, rates on 30-year mortgages bottomed out at 3.55%. Now that the Federal Reserve finally decided to raise its key interest rate, mortgage rates have been climbing slowly. Today, the average rate is just above 4%; by 2019 or 2020, rates could easily climb to 6%.

Before you freak out, take heart: Rising rates aren’t necessarily a deal breaker for buyers. The National Association of Realtors® calculated that a rise from 4.2% to 5% would increase the average mortgage by $90—not nothing, but not a catastrophe, either. And if you take the long view, those higher rates are still historically low.

“For buyers there still is opportunity,” says Danielle Hale, managing director of housing research for the NAR. “For those who are still able to get into the market, these low rates continue to be helpful.”

Another upside: When rates go up, competition and prices often go down.

“I’d tell buyers not to panic, because higher mortgage rates eventually cause sellers to be more flexible on pricing,” DeNapoli says.

2. Inventory is shrinking

In November 2016, there were only 1.85 million homes for sale.  That’s a nearly 10% drop from the year before. And it continues a trend of steady decline since just before the housing crash, when inventory peaked.

Real estate experts predict that inventory will continue to shrink, at least for the foreseeable future. That means that in most areas of the country, buyers have more homes to choose from today than they will next year.

Or even next month. If you get moving now (during the winter, which is largely considered to be real estate’s off-season), you’ll have less competition for those homes than you will in the peak spring and summer months.

Bottom line: Every day you wait to start looking for a new home, you face stiffer competition for fewer homes.“If you think it’s bad right now, wait until April to August,” Smoke says.

3. Home prices are still rising

The bad news for buyers is that home prices now stand higher than before the 2007 crash, increasing 5% from 2015 to 2016. And housing experts expect an additional 2% to 3% jump in 2017, DeNapoli says.

“Prices continue to go up; we have yet to see that ceiling,” says Trevor Levin, a real estate agent with Nourmand & Associates in Los Angeles. “I think they have room to grow.”

How high prices will rise and how long they’ll remain high is anyone’s guess. Rising mortgage rates and the new Trump administration have introduced “uncertainty” into the real estate market, Levin says. “And uncertainty is never ideal,” he says.

So pick up your phone and call us at 720-314-6863 to go look at houses today!