Design by Realtor.com / Getty ImagesDebt is one of the most common barriers to homeownership. Mortgage lenders are often loath to extend credit to wannabe homebuyers who owe four, five, or even six figures. And while Americans can be in the hole for a number of reasons, student loan debt is one of the leading…
Lazy Acres, if you’re looking for a beachfront property this probably is not where you’ll find it. Street, avenues, lanes, and others have names that are part of the address to identify the location of a property. Urban areas have been assigning names since the 1800’s in the USA . Rural areas have converted the Rural Route box numbers to Street addresses, in recent years to work hand in hand with the implementation of enhanced 911 systems.
There are many reasons streets are given a name from acknowledging a local family to the name of a flower growing wild on the property.
In the real estate world, you wouldn’t think a name would matter to a purchaser as long as the area, price and terms were just what they are looking for. From time to time a person may feel squirmish about a street name just the same as they may feel about a house number or what direction the front door faces.
Some cities keep it simple by numbering the streets in sequence. Others, like Atlanta can totally turn you in circles with Peachtree North, south-east and west. Thank goodness for GPS.
Inquisitive buyers like to know the backstory behind a street name and if you dig around enough you can probably hear a good tale. Developers today often take their time to assign names to a new community. Selecting a theme that has a connection to the land or landowner sets the pace for effective marketing.
The background story can then be shared for years to come.
One of my favorites is the simple story of Keylime Drive.
The Developer had a weekend getaway on Amelia Island Georgia. She thought it was so beautiful and had Keylime pie at dinner for dessert. There you have it, Amelia and Keylime Drives in the new neighborhood.
A few years ago I documented by video some of the communities that I worked on and assigned names. As word got out about my street naming from time to time interesting stories would be told to me. Here is one from a small city in the metro area of Savannah Georgia.
Happy home shopping…:) I hope you find your Happy lane 🙂
Fans of the HGTV show Fixer Upper will soon have a Waco-style spin-off to enjoy. Chip and Joanna Gaines’s favorite woodworker is getting his own show on DIY Network. Clint Harp and his wife Kelly will be the stars of Woodwork, which will spotlight the couple making wood furniture and accessories at their shop Harp Design Co. in Waco, Texas. The show debuts May 9 at 10 ET/PT. Harp quit a six-figure sales job to pursue a woodworking career. It wasn’t instant success, as the…
The Fair housing Act was signed into law on April 11, 1968 by President Lyndon Johnson. The law prohibits discrimination in the sale, rental, or advertisement of residential dwellings, brokerages services, appraisals, real estate loans and loan purchases. The 1968 law protected against discrimination based on race, religion, national origin and color.
Today the law has expanded to seven protected classes. In addition to the original four, handicap, familial status and sex have been added.
The fiftieth anniversary is a great reminder to celebrate the diverse country we live in and how we have grown our communities together. The opportunity to learn from each other has opened doors for many and helps promote economic opportunity.
Real estate professionals dedicated to providing equal service to all make the time to continually educate themselves to abide by law updates, but most of all “do the right thing”. Real estate companies adhering to this belief prominently display the fair housing logo on their marketing materials.
If you’re anything like me one of my favorite reading materials poolside is a local real estate magazine. Surrounded by beautiful properties and scenery I like to flip the pages looking for a dream deal. Then it appears,
“4 bedroom 3 bath ocean front view, newly remodeled, $2250000 for 25% ownership”….What’s that all about?
Unlike time shares that offer ownership with many others , fractional ownership usually has less owners per property
25% ownership allows 13 weeks of use
Other advantages may be:
Accommodations are guaranteed at a favorite vacation destination
Terms of the purchase are easier to negotiate with fewer owners
You will have more input into the management of the property
Selling may not be difficult
Wear and tear on the property will be less with fewer owners
Shared expenses are easy to manage
You have an opportunity to invest in a property that may be out of your budget as a whole owner
Properties are usually spacious high quality homes or in smaller resort complexes
This is an option to consider when purchasing a second home if a fixed usage period is offered or a rotation that fits perfectly into your schedule.
If you’re looking to feel more at home with each visit you will want to look at a property that is unit specific for each use.
Find a great vacation home and purchase with family and friends
Since this type of ownership can be complicated and loaded up with stipulations the agreement to purchase or sell should be drafted by a Real Estate Professional or an attorney. With limited financing options a method of payment should be stated before executing an agreement.
The future is upon us, but actually we are so behind, the future is here and some of us may be phased out entirely. What am I talking about? ROBOTS! Several companies, one in California, one in Brooklyn currently employ Bots to show real estate and take questions from Buyers. Artificial intelligence, programmed into the […]
As you prepare to get your home market ready, one of the most overlooked decisions concern your beloved deceased pets. Many times they are buried and adorned by a monument typically in a garden or under a tree in the yard. In a practical sense it may be a difficult task to take the pet if it was not laid to rest with the families intent to move them at a later date. You may find peace leaving the pet behind by having a discussion with the buyer and hoping they share in your sentiment. There is no right or wrong answer for this, it is a personal choice.
For all the buyers out there, chances are you will stumble across the monument after your purchase if the seller did not disclose this. If you are someone who would find this really “creepy” you may want to put this on your buyers check list, because it is very common. A sellers property disclosure may reference graves, or burial pits but I would not rely on the idea that the seller has a pet in mind, without the question being very specific it may easily get missed.
Some locations especially urban areas have restrictions concerning pet burials at your home, so it may be a good idea to check the local ordinances should you find yourself in this situation. If you are often “on the move” cremation or pet memorial gardens are a good option, and will make things easy when you relocate.
Chris GashPicking the right house is just one of the big decisions you’ll face when buying property. Deciding on the down payment is another. Low inventory in some national markets continues to pressure potential buyers into making bigger down payments to gain a competitive edge. But the possibility of rate increases in the coming year and new…
Let’s say you have weighed your options and have decided to purchase a new home under construction or hire a builder to start from the ground up.
My best advise is to select a builder that will deliver your home as agreed, and maintain a working relationship with you before, during and after the sale.
I would like to point out that not all home builders can make every home buyer happy all of the time. Scheduling, availability of materials, weather and so many more issues factor into the job, so its easy for the process to get disrupted.
Buyers always have a concern about “quality” building, and that’s a genuine concern. Keep in mind that many inspections are done during construction by the local building department and sometimes even ordered by lenders to meet some financing requirements. With those consumer protections in place “quality” will likely be determined by the workmanship and the materials used.
Without getting into a very lengthy note I am going to jump to the two points every home buyer should discuss before entering into an agreement with a new home builder
1. What is the builders policy regarding unfinished items, touch ups prior to closing and a new home orientation walk through to get familiar with the operation of your systems….and….
What is the standard warranty offered by the builder
The most successful builders I have worked for have both of these details implemented into their company policy.
When you are walking through your new home on move in day it should be ready for you to hang your clothes in the closet and set your furniture in place.
Most states have a warranty period for workmanship and materials. This comes with responsibility on the buyers part to file claims in accordance with the procedure and time limits set out in the law.
A well written warranty program offered by a builder is much better to work with and results will come faster and easier. You will also have manufacturer warranties for the appliances and systems in your new home. Ask your builder to provide you with the information to register these items in your name. The warranty may also include any soil treatments for termites or other pests and how you can keep this in place for years to come. There are also third party warranty programs offered by some builders that cover defects and structural issues.
To sum it up….you want a builder with a well written warranty and a turn key home…