Our Real Estate Blog
An Open House can be an integral part of selling a home. Not every home is a candidate for an Open House due to factors like market conditions, location or condition. If you are planning an Open House there are some helpful hints to ensure you have the most successful Open House on the block. Here are some tips on how to have the perfect Open House:
Host a brokers only Open House. Agents and brokers will preview your home and identify possible buyers they have for your home.
Make your home look as large as possible by moving large pieces of furniture into storage.
Remove items not included in the sale. Remove the chandelier you got for a wedding present and the bookcase that fits so perfectly it looks built-in. If buyers don't see it, they won't want it.
Take Fido with you. Make arrangements for your pets to leave the house when it is being shown.
Two to Three Days Before Your First Open House
Clean the house top to bottom. Get in every nook and cranny, wipe down the walls, windowsills, vacuum the corners and baseboards and yes wash those windows.
Air out the house by opening the windows.
Make your home smell delicious by baking bread or apple pie.
Go through each room one by one and try to look for last minute fixes.
Add an arrangement of flowers.
- In most communities, Sunday afternoon is typical and expected.
- Two hours is also typical.
- Avoid conflicts with holidays, community celebrations or special events such as the Super Bowl.
- If possible try to be aware of the weather forecast, although this may be difficult to do.
- Clean and buff your appliances, that includes the stove inside and out.
- Launder all the bedding, towels, rugs and other fabrics in your home.
- Touch up spots on the walls.
- Sweep and clean out the garage.
- Mow the lawn, sweep the sidewalks, and clean up the bushes and flowers.
Buying a home can be very confusing and not to mention the new terms you need to know. This is especially true when it comes to navigating the mortgage process. One important term to understand is the Good Faith Estimate. The Good Faith Estimate or GFE is a government-mandated form mortgage brokers and lenders are required to give prospective borrowers within three days of a loan application. The GFE summarizes the terms of the loan. It can be used to compare loan offers from the same or different lenders. An approximation of the final figure of the loan costs are on the GFE and must be as accurate as possible, it is important to note that some GFE can have a 10 percent tolerance. The top two sections on Page 1 provide a summary of the loan terms and estimated settlement charges. There is also a section the covers when the GFE expires and whether the interest rate is locked or floating. You will want to go over the GFE closely; it will disclose the initial loan amount, interest rate, monthly payment and loan terms. Remember that the payment includes principal, interest and mortgage insurance, if any, but not property taxes or homeowners insurance. You can find a Guide To The Good Faith Estimate by clicking here.
When you are looking to buy a home or refinance it is important that your credit is in tip-top shape. It is often a credit score that gets in the way of a home buyer and their dream home. Credit today means everything as far as your purchasing power. So if you want to be ready when opportunity knocks read on for some for smart ideas on how to keep your credit score going up.
1. Use your credit cards.This may sound funny but it is important to have credit over having no credit. Paying in cash and over using credit cards isn’t always a good move for your credit score. Cards that are seldom used are often shut down or closed by the credit card companies. Because 30 percent of your credit score is based on your debt-to-credit-limit ratio you will want to have a high your total available credit. Having one account closed increases that ratio of available credit to debt and thus lowers your credit score.
2. Pay off your credit cards.It may seem to make sense to pay off the highest-interest card first and save the most money in the end. But your credit score will get a bigger boost from knocking off the lowest-balance card. Instead of spreading your monthly payments equally among credit cards, pay down the lowest-balance card first and pay minimum balances on the rest. As you pay off each card, apply the money you would have paid on it to the next-lowest-balance card.
3. Don’t close cards once they are paid off.The length of time you’ve had credit determines fifteen percent of your score. By closing your oldest account, you can shorten the length of your credit history causing a big hit to your score.
4. Keep the balance lowMuch of your credit score is determined by your debt-to-credit-limit ratio on individual accounts. Maxing out one card raises your debt-to-credit-limit ratio and your credit score. So be sure to keep balances as low as possible. Try to target no more than 30 percent of your credit limit.
5. Stay away from retail-card accounts.These are a big no-no. Retail store cards often have lower limits and higher interest rates. So running up balances on low-limit store cards affects your credit score more negatively than does using one or two bank cards. So in the long run the fifteen percent you were going to save on the one purchase will probably cost you more in the end.
Living in an apartment can sometimes be a frustrating experience. Paying rent every month makes you feel like you are throwing money away. Today's housing market makes it a great time to buy and in some cases you can buy a home for less money than you are paying in rent. Living in an apartment with tenants above or below you in some older apartments can be noisy. Single family homes do not have this problem, as none of the walls in your home will be attached to any other home in your neighborhood. This in turn means that you will have more privacy, and more importantly, there will be less noise coming from your neighbors, no matter what time of the day it is. Another reason why owning your own home is so great is because you will generally have your own yard, allowing you to have outside furniture, gardens and entertain which can be harder to do in an apartment When it comes to shopping for a home, it is important that you do a good amount of research beforehand. While single family homes do have a lot of advantages, you have to make sure to take your time and find that perfect home for you. Some things to think about is location, neighborhood, schools, and being close to amenities like shopping, restaurants or other places that may be important to you. One of the best ways to research for homes is on this website. This website is updated every 15 minutes with new listings, price changes, back on markets and open houses. This will allow you to easily browse through homes for sale until you find the perfect home for your needs. Bottom line is buying a home today can be a great invest down the road and can come with a lot of benefits over renting. Feel free to call if you would like help in buying or selling your real estate.
There is a lot to know when it comes to senior housing. Thinking about future housing arrangements can be a stressful topic for both you and your family. There are so many options, types of housing and so much to know. In order to find the best fit you will have to learn about the different types of senior housing available, which choices may be best for you, and how to navigate the terminology. A great resource SeniorHousingNet has created a glossary of commonly used terms and the different senior housing and care choices available. You can find it here.