Home / Real Estate Report

Real Estate Report

“Fall” into spring

The end of the year is nearing and in the blink of an eye the spring real estate market will be here. If you tackle certain issues before the snows hit, you could prevent damage that results in costly repairs or a lower selling price when you’re ready to put your home up for sale. Let’s start on the outside with your siding and gutters. If you’re gutters are clogged, the winter ice and snow can accumulate and damage them. Many people are reluctant to get onto a long ladder and climb up just to check on the status of ...

Read More »

Be careful how you negotiate!

  Whenever you’re negotiating on a property, be careful to not alienate the other side. Sellers tend to avoid buyers who seem difficult to deal with. And if there are multiple offers on the table, this could easily move your offer to the bottom of the stack. So you’ve found the perfect property and you’re ready to make an offer on it. The old saying, “It never hurts to ask,” doesn’t always apply. For example, you may love the current owner’s living room set and ask the seller to leave it in the property. Even if the seller is planning ...

Read More »

Going green without going nuts

Some homeowners are willing to go to great lengths to save the environment, installing costly solar panels to replace traditional sources of electricity. But going green at home doesn’t have to involve spending an arm and a leg. There are many little things that you can do to lend Mother Nature a helping hand, and you can often save money in the bargain. Older refrigerators can use 10 to 50 percent more energy than the energy-efficient models that are available on the market today. Making that simple change could reduce your electrical usage by up to $150 a year. According ...

Read More »

What it costs to sell your home

If you’re a first-time homebuyer, you may be a little thrown off when you receive the closing statement from your loan officer or attorney. You immediately ask, “What am I paying for and why is it so much?” Let me walk you through them. Your earnest money is a “good faith” deposit that is given to the seller’s representation or a mutually agreed upon title company once the sales contract is signed by all parties. This “up front” amount is usually subtracted from the bottom line due at the closing table. The bulk of your closing costs will be on ...

Read More »

Reappraising the appraisal process

So you’re placing your home on the market. This can be an emotional time because your home is where your family memories were made. In your eyes, your home may be worth one number, but in the eyes of an appraiser, that number often differs. And that second number can have a powerful impact on the price your home actually sells for. One of the biggest misconceptions is that the appraiser works for the buyer. The truth of the matter is the appraiser is hired by and works for the mortgage company. They are sent out as an independent third ...

Read More »

Inspect before you list

  The sale of your home is one of the biggest transactions most of you will make and the outcome can have a huge impact on your financial wellbeing. Problems with your home can significantly drive down the price, so wouldn’t it be better to find and fix the problem BEFORE you list your house? A presale inspection can save you thousands of dollars in lost asking price while only costing a few hundred dollars to conduct. A home inspector will help you unearth pre-existing conditions, allowing you to resolve them before buyers set foot in the door. A presale ...

Read More »

The house is all yours!

You just closed and the house is now yours. There will be plenty of time to enjoy what you have worked so hard to attain, but before you settle in, there are some items you should check off your list. Let’s start with the walls. Before you move in, freshen up the paint since it will be easier to get the job done without all your personal belongings in the way. And don’t forget to do the ceilings as well. Most people only do the walls and leave the ceilings since they are usually white. Even if the walls were ...

Read More »

Getting your deposit back

You’ve found an apartment that suits your needs and decide to move in. But before the landlord hands you the keys, you’re going to be asked put down a security deposit. In theory, your deposit will be returned when you move out, so long as you don’t damage the property while you’re renting. To ensure that reality synchs up with theory, you need to protect yourself from the start. Step one? Familiarize yourself with landlord-tenant laws in your community and be sure to read the entire lease carefully. All leases should have an end date. Unless you notify your landlord ...

Read More »

Mining for revealing realty data

  Most buyers today are savvy when it comes to basic data like days on the market and the difference between list and sold prices, but digging a little deeper could give you the edge needed in today’s market. Let’s start with the inventory for the area you’re targeting. Look at the trend over the last 12 months, how many have sold? How many have been listed only to be removed from the market without selling? This will help you determine if you will have plenty of options to choose from or end up in a possible bidding war. Next ...

Read More »

Winter maintenance tips

  If you own property, it’s essential that you keep it in good condition, especially if you have tenants. They will expect you to stay on top of repairs and maintenance issues so no problems arise during their lease. Jack Frost has arrived and all the leaves have fallen from your trees and bushes. This is a good time to trim off any dead or overgrown branches. Be sure to cut them back from any structures on the property to prevent water runoff and possible damage such as a branch falling through a window or even worse the roof. Speaking ...

Read More »