Post-hurricane jobs numbers not as strong as expected The October jobs report is in, and the numbers are a mixed bag. The U.S. economy added 261,000 nonfarm payroll jobs in October, according to the U.S. Bureau of Labor Statistics. A hiring rebound at restaurants and bars impacted by recent hurricanes helped boost numbers. However, October’s jobs…
Most people enjoy a frightening fireside story about a haunted house. Stretch your imagination a bit let’s talk about the friendly ghost in a home that occupants typically learn to live with and accept their presence.
Yes, they can be disruptive walking around the house at night turning on lights or opening doors and cabinets but other than that most folks get used to having them around.
Some people say that they follow a family if they move, others say they act up when a new family moves in just to claim their spot.
Whatever your ghost story, take it as a compliment because if you were not a “good spirit” they would not want to be there with you.
Happy Halloween, stay kind you never know who might pop in for a visit.
For more information on the most Haunted homes in America: http://www.hgtv.com/design/make-and-celebrate/holidays/americas-scariest-homes-real-life-haunted-houses-pictures
photo compliments of: https://pixabay.com/en/halloween-haunted-house-ghosts-149222/
A good time to buy and a good time to sell
The first thing that came to my mind when I read a post by a local real estate agent on social media saying that we were in a “hot market”, was to take my sign down. I still had a lot of packing to do. Downsizing could take a while and I can not get out that quick. Real estate markets vary by location and are driven mostly by economic factors in an area that influences supply and demand.
Here are my tips to make it easy for you to know how your area is performing and if it is the right time for you to buy or sell.
- Real estate agents in your area have ready, willing and able buyers just waiting for a new listing to hit the MLS, due to very low inventory
- The list price is generally the starting price and buyers bid up
- Quick closings, as buyers are mortgage ready or have cash, closing within 30 days
- Buyers are scouting the neighborhood and when your sign goes up they leave a note on your door with an offer
- Your agent will hold a “public open house” and state a time and date that you are open to review offers
- Buyers will make an offer without coming into town or viewing the home
- Homes sell at list price
- Prices are stable or increasing
- Buyer incentives paid by the seller are added onto the list price
- Seller offers few repairs only if necessary to obtain financing and may ask the buyer for a contribution
- Low inventory
- Start of the selling season, defined by your local area trends
- Average days on the market are less than 60
- Prices decreasing in an area
- Average days on the market are more than 60
- Sellers are advertising price reductions
- Sellers are offering buyer incentives such as loan closing fees without increasing the price
- Sellers are offering other incentives such as new appliances, repairs, and cosmetic updates
- Homes are on the market at the end of a selling season, like late fall or the beginning of a school year depending on your area trends
Working with a real estate professional and having a market analysis prepared for the area you are planning to buy or sell will easily give you this information.
Happy home buying and selling 🙂 It’s a piece of cake
Real estate agents used the pyramid chart to price properties for successful sales for many years. This can be a helpful guide when selling and your property is not getting many showings, or low offers. Buyers may also use this as a guide to prepare an offer.
Either way it works….Happy home buying and selling 🙂
An abundance of useful information when you are considering or shopping for a new location.
A poor weather forecast may be one of the best times to look at a property that you have an interest in purchasing. An abundance of information may be clearly noticed during different types of extreme weather. During the buying process knowing these things ahead of time will enable you to budget for issues that may need attention early in your ownership.
Here are some things you can easily discover:
- Leaks in the roof, chimney, ceiling vents or around the windows
- Water intrusion in a basement, garage, or enclosed porch areas
- A sagging roof from the weight of snow
- Loose roofing shingles during heavy wind
- Insufficient drainage on the property
- Air drafts in the fireplace, door and window areas
- Heating and cooling units not efficiently adjusting the room temperature
- Slow plumbing drainage
- Instability of the ground , wash outs
- Crackling tree limbs with high winds
- Exterior sloping of driveways and sidewalks that may be difficult to manage with ice and snow
If you are working with a real estate agent ask them what issues are commonly found in the area. They can help you work through any concerns and ask your home inspector to make suggestions of areas that you can keep an eye on to avoid common problems. You will also be able to make an informative decision on any extra insurance that you may want to carry.
Happy puddle jumping 🙂
Sellers of real property and buyers of real property have the common goal of obtaining the best possible price and terms in the transaction.
Here are a few suggestions to help you determine market value if you are thinking of buying or selling real estate.
- Appraisal services are offered on a fee basis depending on the complexity of the property. A small tract of land or a home in a neighborhood contains information from a local Realtor multi list system, tax records, and court records. An appraiser uses listings currently on the market, recent sold properties, along with adjustments for size and improvements. Photos are included in the report along with comments explaining the reason for adding or subtracting value when using the comparable approach. For more complex properties such as commercial sales, land developments, farms and multi family properties reports may be quite lengthy and include an analysis of the present and future return on the investment. Appraisers are licensed by the states they perform services and their opinion of value is very reliable.
- A comparative market analysis is provided by a real estate agent, also know as a CMA. The data offered is pulled from a local Multi list system that the agent is a member of. The information includes competitive listings, recent comparable sales to what you are preparing to buy or sell. Most real estate professionals offer this service at no additional cost to their agency agreement with the client. It is very reliable for most residential and lot purchases.
- Tax assessor records are easily accessible today with most areas offering online services. Depending on how often records are updated you can get an information for what you are selling or buying. If recents improvements are noted and the information has been accurately input you can get an idea of where the value may be. Some assessors sites also show recent sales surrounding the subject properties.
- Real estate and mortgage lender internet sites can also be a resource for finding the value of a property. Depending on the site and how often the information is updated, and the accuracy of the information submitted you may get an idea of the value.
Happy buying and selling…… 🙂
Sitting in the stack of presorted mail on my kitchen table is a photo of someones dream home.
The starburst on the front of the postcard is eye catching enough to make me flip it to the back side to read more. There is an attractive description of the features in the home and the location, but what’s missing is how I can get the $795 payment.
Typically, a new home builder will use what I describe as their “door buster” plan with very standard features to keep the price as affordable as possible. Combining that price with the best rate available on a mortgage program offered in their local market place they will make this offer.
In almost all cases this is not the time for a buyer to get excited. There are many variables when obtaining a mortgage such as a credit score, amount of down payment a buyer has to work with, and the amount of time a buyer may need to close all affecting the interest rate for the payment advertised.
Take the time to make the call to ask for the missing terms, since *full disclosure is required they will certainly have all of the information on hand.
New home builders are eager to keep their customers happy in high hope that you will be a referral source by telling your friends and family how satisfied you were during your home buying experience.
Happy home shopping 🙂
New home in an amenity packed community just west of Savannah Georgia. Honey Ridge Estates. Pool, tennis, fitness, and a community room are available for the residents.
This home features four bedrooms with a split bedroom plan. All brick exterior, screened in back porch, private .70 acre wooded yard. Builder adds many upgrades with wood flooring in main areas, ceramic tile in baths and laundry area.
If you are considering a new home in the Savannah area and would like more information on this home please contact ERA Southeast Coastal RE, 912-927-1088
Like many vacationers you probably have visited one of the beautiful coastlines in the USA. It’s so hard to leave when the week is over, so here are some tips to get you on the path to owning your own little piece of paradise.
To begin you have to decide where to buy. I like to suggest somewhere that is easily accessible to your home since you will want to enjoy it as much as possible for yourself.
Decide on a price point within your budget and prepare for cost that you would not consider when purchasing a primary home. After those decisions are made determine your short and long term goals especially if this will eventually be a retirement home. There are many vacation rental sites that can offer assistance to determine market value of seasonal rates for selected areas.
Owner expenses to consider:
Mortgage fees may be higher and a larger down payment may be required for a second home and real estate investments.
State and Local property taxes
Parking permit fees
Homeowners association or Owners Regime membership dues
Property Insurance that may include flood and wind
Special assessments for compliance of exterior maintenance and architecturally approved appearance
Mandatory utility charges such as a community wifi and or cable company
Recreation use fees for yourself or your visitors
Permit fees for repair or remodeling contractors
Business license fees if you are going to use your property for short term rentals
Local taxes on the rental income you receive
Advertising cost for your rental
Cleaning and laundry fees
Reserve for replacing appliances and furnishings as needed
Rental management fees
Reserve for vacancies and cancellations
Not all of the above may apply but are noted to assist you in making an informed purchase
Collect the rent and pay the bills!
With good planning you’ll own a piece of your vacation paradise with no reservation required!