Njcrouse’s Weblog

Seven tips for Selling your Home

October 13, 2008 · 1 Comment

In a slower real estate market, sellers cannot afford to ignore any part of the marketing process.  Price, preparation, and presentation must be excellent in order to attract a buyer.  

The price must be set realistically.  Preparation should include fresh paint, de-cluttering, updated floor materials, and no glaring repair needs.  And, presentation should be meticulous, with drapes open, lights on, lawn mowed, and interior cleaned. 

Showing your home is the final step in winning the heart of a buyer.  When a buyer calls for a showing, he or she already has an interest in your neighborhood and may have viewed your home on line.  They are willing to invest time to visit your home.  It is worth the effort to make each showing one that will be remembered.  Here are some questions to consider:

1.  Is your home easy to show?

If possible, schedule showings in the same way that is used by a majority of the homes in your area.  This may be by special appointment or by a lockbox system.   Remember that this will be the buyer’s first contact with your home, and it should set a positive tone.  Make the buyer and agent feel welcome.  Be as flexible on timing as possible.  The buyer may be viewing many homes over a large area. 

To allow flexibility, you could wait until they arrive, and then slip out the back door.  You may get a last minute call for a showing.  If this happens, start by thanking the agent for the interest, and discuss how to work with the timing.

I can recall instances in which the seller came to the door in a hostile way and demanded to know why we were 30 minutes late.  Or, the buyers sensed that they were inconveniencing the seller or their agent by asking to see the house.  Many people have a strong reluctance to intrude or bother other people.  Remember that the decision to buy a home is emotional response.  Don’t turn people off before they come in the door.   

2.  Does your home have emotional appeal?

Buyers use all of their senses to experience your home.  The buyer is there to make a big decision, and they will be comparison shopping.  Their job is to eliminate homes and reduce the list of choices.  A dark interior, unpleasant smell, barking dog, or uncomfortable temperature can take the home off the list. 

I see this happen all the time.  The simple experience of being in the home during the showing is a key indicator of whether the buyer will enjoy living in the home later.  Consider the builder’s model home.  It very light and fashionably decorated, with soft music and pleasant scents.  This sends a message to the buyer that the home has been prepared for him, and he is welcome to enter.  People are often sold when they walk in.

Some tips:  Take off some screens, open blinds, increase bulb sizes, play some light music, and make sure the temperature is perfect.  Be careful that your scents are designer quality.  Don’t use plug in scents that remind people of a public bathroom.  Create a good mood with natural and lamp light.  Use pillows, framed photographs, books, fresh towels and flowers throughout the home.  Avoid having the TV on.  Be very careful about cat litter boxes or other pet odors.

3.  Are you staged and ready?

Sellers often ask if it would be best to show their home furnished or vacant.  Of course this depends on how the home is furnished.  If your home is dirty, messy, and poorly decorated, you need to stop and assess the situation. It may be possible to move out, and then stage the home with a few pieces of furniture and accessories.  There are staging services that can help with this.  Generally, some furniture will help to soften the interior and show it in an optimum way.  However, I prefer a vacant house over a disaster. 

It is important to keep the buyer’s focus on the property, and not on your family.  Remove most of your personal collections, family photos, political statements or artistic expressions of yourself.  These distract from the important mission that brought the buyer into your home.

The buyer must establish a sense of trust of your home.  Messiness and confusion sends a deeper message that the home is not well cared for.  It speaks volumes about how maintenance has been handled.  You only have a few minutes to communicate that your home is the right one.  Make sure the visit to your home is a pleasurable experience that keeps the buyer’s focus where it needs to be.   

4.  What would your buyer like to know?

If you were buying this home what would you want to know?  Are there parks nearby that you could photograph?  Does the school bus stop nearby?  Anticipate your buyer’s questions and answer them.  New homeowners are choosing a home, a community, and a lifestyle that your home offers. 

Some ideas:  Survey; floor plan; local parks; shopping; school data; or neighborhood newsletter. 

5.  What is the plan for kids and pets?

Children of all ages need to be coached on the showing process.  Children should know that an advance call from an agent is required for a showing.  This is very important if your children will be home alone.  Figure out a plan for them to follow, depending on their age.  For example, they may open the door for the agent and buyer, and then go next door during the showing.  Discuss what to do if an unexpected person comes to the door asking to see the home.  They must not allow entry to anyone who has not made prior arrangements through you. 

If you have pet, consider a couple of points.  One, pets may be fearful of strangers entering the house.  Two, some people are afraid of, or allergic to, animals, and are not happy to encounter them.  There will be a variety of people entering your home, including children.  If you are unsure of how your pets will react to strangers, be sure to take them out during showings. 

I recall a client who panicked at the sight of a small puppy in a home.  I found that hard to understand until I realized that I reacted the same way to a ferret that was loose in a house that I was showing.  I was ready to jump on the table.

If you have pets at home during showings, communicate this to the agent.  Leave written notes in the house on where your pet is located and other special instructions. (Dog in laundry room; Cat must stay indoors) 

6.  Is your home safe for visitors?

Remember that showing your home is going to interfere with your day to day life.  You will need to prepare for some inconvenience and intrusion into your privacy.  Consider the safety of your visitors.  There may be seniors as well as small children walking around your home.   

Is there a statue or tall lamp that could easily fall if touched?  Are there wires at ground level that could trip someone?  Are there rugs that tend to slide?  Are stair railings safe for small children?  Could a visitor be bitten by a bird or other animal?  Are the stairs free of small toys?  Are traffic patterns open between rooms?   

Also consider your own security and privacy.  Put away valuable possessions.  Do not leave money, guns, jewelry, x rated magazines or any personal items in public view.  Do not leave breakable objects where they could be accidentally bumped.  Move your medicines to a secure location.  Do not leave bleach or poisons in reach of children.  Do not leave candles burning when you leave the house.     

7.  Should you stick around?

Generally, it is not a good idea to be present for the showing.  Remember that this is not a social visit.  Most buyers will feel that they are intruding on your privacy if you are in the house.  They may shorten the time spent in your home.  Or, they may not be able to discuss your home as freely as they might have.  If it is difficult to leave, you may sit outside or take a short walk.  

Sometimes sellers try to offer certain information, and they inadvertently turn the buyer off.  It is best not to make assumptions about what the buyer wants.  Keep in mind that buyers are there to make a big decision.  They need some time to experience your home on several levels.  If it passes the first test, there will be time to communicate how many water heaters you have and other facts about the house.  I recall one showing in which the sellers actually grilled the buyer on his reaction to every room, and then argued about it.  It was a relief to leave.

Showing your home is a very important step in getting it sold.  Potential buyers should be treated with utmost care and respect.  You only have a short time to gain their trust and interest in your home.  Every showing is important.  It is said that you only need one buyer, but you don’t know which one.

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Citywide House Hop 10/26

October 19, 2008 · 1 Comment

Open House

Open House

Who’s eligible for the $10,000 deal?

Part I: $7500 Tax Credit

The first time homebuyer tax credit was recently introduced in August of 2008 and available for homes purchased between August 9, 2008 through July 1, 2009.
Here is the, “at a glance” version of the credit…
  • The tax credit is available for first-time home buyers and those who have not owned a principal residence in the last 3 years.
  • The maximum credit amount is $7,500.
  • The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
  • The tax credit works like an interest-free loan and must be repaid over a 15-year period.
  • The tax credit must be repaid. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale. For example, a home buyer claiming a $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax return, a $500 payment is not due until the 2010 tax return is filed. If the home owner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.
  • In general, the tax credit is equal to 10% of the qualified home purchase price, but the credit amount is capped or limited at $7,500. For most first-time home buyers, this means the credit will equal $7,500. For home buyers purchasing a home priced less than $75,000, the credit will equal 10% of the purchase price.
If you have further questions, we strongly encourage you to seek the assistance of a qualified tax professional. For complete information on the program please visit www.federalhousingtaxcredit.com .

Part II: About The $2,500 Real Living Incentive

Buyers who purchase a home featured in the Citywide House Hop are eligible to receive up to $2,500 when upon closing.
Here is how you qualify:

  • Buyers must purchase of one of Real Living HER’s Citywide House Hop homes
  • Buyers must be in-contract on a home prior to November 5th, 2008 and close prior to December 31st, 2008
  • To be considered in-contract you must have a mutually accepted agreement with the seller of a Citywide House Hop home
  • Buyers must utilize Real Living Mortgage for financing
  • Buyers must close using Real Living Title
When you qualify:

  • Buyers can receive up to 1% credit in closing costs and prepaid items on their first mortgage, with the purchase of a Citywide House Hop Open House.
  • Borrowers must close their loan through Real Living Mortgage, subject to qualification, approval, and closing with Real Living Title.
  • Credit amount will not exceed closing fees resulting in cash back … and cannot exceed $2,500.
This offer cannot be combined with any other first mortgage incentives. Not available on Ohio Bond loans. All first mortgage products are offered and provided by Real Living Mortgage, LLC. Equal Housing Lender

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Are you on the fence about buying a home?

June 6, 2009 · Leave a Comment

Home Buying Assurance through Real Living Insurance

 

You’ve found the perfect home. It has the right number of bedrooms, great living spaces, and boasts prime proximity to everything you need. Now is the time to buy—or so you’ve heard, but what if you have reservations about plunging into such an important financial commitment in the midst of economic uncertainty?

Real Living wants to give you the opportunity to take advantage of some of the lowest interest rates today, while ensuring your financial peace of mind tomorrow. Life can be unexpected at times, and we want to protect you and your home from unforeseen financial curve balls like involuntary unemployment. As a result, Real Living has created the Peace of Mind program. We believe that, “home is where the heart is, ” and that financial stability provides peace of mind. So, here’s how the Peace of Mind program works:

Peace of Mind Program

One-Year Coverage*
When you are represented by a Real Living agent during the purchase of your next home, and finance through Real Living Mortgage, Real Living will provide you with one year of insurance benefits that cover a monthly mortgage payment of up to $1,500 for up to six months if you become involuntarily unemployed during the first year you are in your new home. Many buyers who purchased a home in recent years have interest rates that exceed current available rates. So, additionally, if you refinance through Real Living Mortgage, we’ll also provide coverage for one year. Please refer to the terms and conditions section for more detailed stipulations.

Two-Year Coverage*
If you purchase a Real Living listing, use a Real Living agent, and finance through Real Living Mortgage, we’ll extend your Peace of Mind benefits for another year (two years altogether) so you can take advantage of the up to $1,500 each month for up to six months of coverage. This means that you have coverage for up to six months of mortgage payments if you become involuntarily unemployed at any point during the two-year period.

*This program is available for Real Living HER and Real Living Realty Services customers only. Please refer to RealLivingHER.com or www.RealLivingRealtyServices.com for detailed program terms and conditions. For more information on Peace of Mind as well as other Real Living programs

 

 
Copyright © 2009. H.E.R. LLC All rights reserved.

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10 Thanksgiving quotes to celebrate & ponder

November 27, 2008 · Leave a Comment

1. “The Pilgrims made seven times more graves than huts. No Americans have been more impoverished than these who, nevertheless, set aside a day of thanksgiving.” ~ H.U. Westermayer

 2. “Thanksgiving Day comes, by statute, once a year; to the honest man it comes as frequently as the heart of gratitude will allow.” ~ Edward Sandford Martin

3. “There is one day that is ours. There is one day when all we Americans who are not self-made go back to the old home to eat saleratus biscuits and marvel how much nearer to the porch the old pump looks than it used to. Thanksgiving Day is the one day that is purely American.” ~ O. Henry

4. “You say, ‘If I had a little more, I should be very satisfied.’ You make a mistake. If you are not content with what you have, you would not be satisfied if it were doubled.” ~ Charles Haddon Spurgeon

5. “As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” ~ John Fitzgerald Kennedy

6. “We would worry less if we praised more. Thanksgiving is the enemy of discontent and dissatisfaction.” ~ Harry A. Ironside

7. “It must be an odd feeling to be thankful to nobody in particular. Christians in public institutions often see this odd thing happening on Thanksgiving Day. Everyone in the institution seems to be thankful ‘in general.’ It’s very strange. It’s a little like being married in general.” ~ Cornelius Plantinga, Jr.

8. “It is literally true, as the thankless say, that they have nothing to be thankful for. He who sits by the fire, thankless for the fire, is just as if he had no fire. Nothing is possessed save in appreciation, of which thankfulness is the indispensable ingredient. But a thankful heart hath a continual feast.” ~ W. J. Cameron

9. “Gratitude is not only the greatest of virtues, but the parent of all the others.” ~ Cicero

10. “Thanksgiving Day is a jewel, to set in the hearts of honest men, but be careful that you do not take the day and leave out the gratitude.” ~ E.P. Powell

This Thanksgiving Day, let’s remember what we truly have to be thankful for. Let’s take a good, hard look around us and realize that while we may not have everything we want, what we want is not always what we need. Let these ten Thanksgiving quotes remind us of the true meaning of this great American holiday as you celebrate with friends and family.

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Open House-Sunday 11/9 from 3-5 p.m. in Beechwood Trails

November 7, 2008 · Leave a Comment

Property Details 

 
 
$179,900   
 
565 Forward Pass Rd SW
Pataskala, OH
43062
MLS: 2822526
   
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 Description 
 
Curb appeal ! Custom ranch home on a ½ acre lot in popular Beechwood Trails! Professionally landscaped. Covered front porch. Sit on the deck and enjoy the big backyard with mature trees! Open great room and split bedroom floorplan. Nice oak kitchen opens to bay-window eating space. Floor to ceiling, double-sided stone fireplace. Hand-stained woodwork and crown molding. Newer dimensional shingle roof. Andersen windows. Custom blinds. Water softener. Storage shed. Concrete driveway. Nice home!
 
 
 Upcoming Open Houses 
 
  • 3:00 PM – 5:00 PM on Sunday, November 09, 2008
    Hosted by: Norma Crouse
View complete list of current Open Houses.
 
 Features 
 
  • One Story
  • Single Family
  • 3 Bedrooms
  • 2 Full Bathrooms
  • Garage/Parking: 2 car garage, attached garage, opener
  • Deck
  • Dishwasher
  • Electric Range
  • Microwave
  • Refrigerator
  • Shed Storage
  • Acres: 0.5
  • Lot Size (Front): 100
  • Lot Size (Side): 200
  • Fireplaces: One
  • Heating: Forced Air, Gas
  • Other Rooms: 1st-Floor Master Bedroom, Eating Space/Kitchen, Great Room, Utility Room/Non-Basement
  • A/C: Central
  • Basement: Block, Crawl Space, Partial
  • Exterior: Stone, Vinyl, Wood
  • 1316 Square Feet
  • Yearly Taxes: $2,967
  • County: Licking
  • Subdivision: Beechwood Trails
  • Built in: 1989
 

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I Still Believe in Real Estate

November 4, 2008 · Leave a Comment

During this trying economic time, enjoying the fact that real estate was a sought-after investment and the rate of home ownership just keeps rising, real estate ownership makes us all feel wealthier.
I remember once writing in this column that real estate speculators and borrowers who were overleveraged risked getting burned—but that the rest of us would be just fine. That was before I understood the extent of the subprime market and the intricacies of credit-default swaps and how they would affect those of us on Main Street.

 We didn’t package risky securities for big commissions as they did on Wall Street, but many of us benefited from the easy money that was available to refinance our homes or buy second ones. We all enjoyed the fact that real estate was a sought-after investment and that the rate of home ownership just kept rising. We also enjoyed the fact that real estate ownership made us feel wealthier.

 And there seemed to be no end in sight. With just a slight blip in 2000, the residential real estate market enjoyed a decade-long boom. In 2002, REALTOR® Magazine began writing about how to survive a downturn, but we also continued to celebrate the growth of home ownership and kept up the drumbeat about housing’s role in bolstering the American economy. After all, as both observers and advocates of the real estate industry, promoting real estate is a fundamental part of what we do.

 Were we wrong to do that? Were we wrong not to see the warning signs of overzealous lending and use the influence of the magazine to urge greater caution? I don’t think so. 

 While I welcome a return to prudent lending practices, I haven’t stopped believing in real estate ownership as both a wealth builder and one of the great pleasures of life. 

 During this trying economic time, I’ll gladly keep using my influence to reinforce that point of view and remind our readers and the rest of Main Street that both real estate and the stock market will rise again.

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6 Key Facts About the First-Time Buyer Tax Credit

October 31, 2008 · Leave a Comment

 

The tax credit may be enough of an incentive for potential buyers to jump off the fence. That is, if they know about it.
 

When you combine the tax credit with today’s low interest rates, wide selection of for-sale inventory, and affordable home prices, many of the pieces are in place for your customers to buy now. But tax credits can be confusing. To help your clients understand how the credit works and why it would help them, you must learn the details. 

 Here are 6 things you should be able to explain to prospects and clients: 

 1. Buyers have until July 2009 to make a purchase that qualifies. 

The tax credit was passed in July of this year as part of the Housing and Economic Recovery Act (H.R. 3221). It’s worth up to $7,500 and can be taken in a single tax year. Authorization for the credit ends July 1, 2009, so if your customers wait to buy in the first half of 2009 they can take the credit on their 2009 tax return. Taxpayers can take the credit on their 2008 tax return if they bought their house this year after April 9.

 2. Buyers don’t really have to be “first-timers.”

The tax credit is actually available to any individual or household that hasn’t owned a home for at least three years. And the NATIONAL ASSOCIATION OF REALTORS® has asked Congress to expand the credit to all buyers, not just those who haven’t owned a primary residence in recent years.

 3. Even if buyers exceed the income limit, they can benefit from the credit. 

The actual credit amount is set as a percentage of the home purchase amount. That percentage amount is 10 percent, so your customers can get 10 percent of the home price credited against their tax liability, up to a maximum $7,500. Sounds like a great deal. But what if your clients make more money than the income limit of $75,000 for individuals and $150,000 for households? Good news: Individuals whose income exceeds the $75,000 limit but don’t make more than $95,000 can still take the credit but on a reduced basis. The same thing applies to households earning up to $170,000. By the way, any house is eligible as long as it’s a primary residence and is in the United States.

 4. Think of it as an interest-free loan.  

The federal government requires the tax credit to be paid back in small, 6.67-percent increments over 15 years, although repayment will be no more than $500 yearly and payments will not start until 2011. For that reason, some analysts have likened the credit to a 15-year, interest-free loan to help make home buying affordable. NAR is pushing congress to remove the repayment provision, making this tax credit a true tax credit rather than an interest-free loan. 

 5.  You don’t have to be authorized before making a home purchase. 

There is no pre-purchase authorization, application, or other approval process. Eligible buyers simply have to claim the credit on their IRS Form 1040 tax return and/or any form that the IRS might devise. 

 6. New-home construction qualifies. 

For a home that a buyer constructs, the purchase date is the first date the buyer occupies the home.However, any home that is not a primary residence, such as a vacation home or income property, does not qualify.   

 NAR Asking Congress to Expand Credit  

 As mentioned above, NAR has asked Congress to do away with the repayment provision of the first-time buyer tax credit and expand the credit to all home buyers, not just first-timers. The proposals were part of a four-point housing stimulus plan the association submitted in mid-October.  

 “Housing has always lifted the economy out of downturns, and it is imperative to get the housing market moving forward as quickly as possible,” said NAR President Richard F. Gaylord. “It is vital to the economy that Congress take specific actions to boost the confidence of potential homebuyers in the housing market and make it easier for qualified buyers to get safe and affordable mortgage loans.

 How to Be a Resource for Clients

 You don’t have to be an all-knowing expert on the first-time home buyer tax credit, but you should be prepared to disseminate helpful information and point prospective buyers to a place where they can find answers to their more detailed questions. Here are some resources you can share with clients: 

 NATIONAL ASSOCIATION OF REALTORS®’ Tax Credit Chart Printout  (PDF)

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Top 10 Real Estate Market Myths Debunked

October 31, 2008 · Leave a Comment

With mortgage meltdowns, plummeting home prices and soaring foreclosure rates constantly in the news, it’s no wonder people are wary of the housing market these days. But contrary to popular belief, things are not as dismal as they seem, according to Lawrence Yun, chief economist of the National Association of Realtors. Yun debunks 10 commonly held beliefs about the current housing market, and FrontDoor.com offers you 10 related tips.

  1. Peak-to-trough home price declines to date have been about 20 percent. Wrong. Measurements of home price declines can be skewed depending on which homes in which markets are being measured. For instance, the Case-Shiller Index, which indicates that home prices are down 20 percent, is heavily skewed towards homes with subprime loans and other distressed home sales. These troubled homes have experienced a steeper decline than home prices in general, says Yun, adding that both government data based on loans backed by Fannie Mae and Freddie Mac and data from the National Association of Realtors suggest much more modest price declines. TIP: If you’re selling your home, the best thing to do is price your home right.
    Read More >>
  2. The much smaller number of new homes now under construction indicates the dismal outlook for the housing market. Wrong. The inventory of homes on the market is very high, so the last thing we need now is more new homes being built. Home builders have cut back sharply on production, which will help lower inventories and stabilize prices. The builders have done exactly what market forces are dictating under current conditions, Yun says. TIP: With many new homes completed but not sold, you can find great opportunities.
    Read More >>
  3. Even when the housing market recovers, home price growth will be only 4 to 6 percent per year — much less than historical average returns for the stock market. Most buyers put less than 20 percent of their own money into a home purchase; this borrowing power can translate to a greater rate of return. This is how Yun explains it: Home price appreciation historically has been about 1 to 2 percentage points higher than consumer price inflation, which translates into about 4 to 6 percent per year. But this growth rate cannot be viewed as a rate of return like the stock market. The reason is that most people do not buy a home for all cash, instead making a cash down payment and borrowing the rest. The leverage this borrowing creates can magnify returns — and losses. If price growth returns to historic norm, the price growth of 4 percent can easily turn into 20 to 30 percent rate of return if the home buyer makes a down payment of 10 or 20 percent. TIP: Get the fundamentals right when investing in real estate.
    Read More >>
  4. Impending baby boomer retirements and moves to small homes will cause a glut of homes on the market. Wrong. The first edge of the baby boomers has reached 60 years of age and the massive bulk of that generation will soon go into retirement, but far from trading down, many of these older homeowners are keeping their homes or moving to ones of comparable size. And even if more boomers do sell their larger homes in the years ahead, Yun points out, the rapidly growing U.S. population should absorb the inventory of existing homes on the market. TIP: Active seniors can find a retirement community that caters to their needs and interests.
    Read More >>
  5. The federal government takeover of secondary mortgage companies Fannie Mae and Freddie Mac is a bailout that will cost taxpayers bundles. Too soon to tell, says Yun. It’s conceivable that taxpayers may have to cover some losses. It’s also possible that the government takeover will result in no loss of taxpayer dollars. Even if taxpayer funds are used, the bailout would be preferable to the global economic problems that would have occurred if Fannie and Freddie had gone belly up. TIP: Uncle Sam is “bailing out” homeowners facing foreclosure. Find out more about the Hope for Homeowners plan.
    Read More >>
  6. The Federal Reserve controls mortgage rates. Wrong. Yun explains: The Fed’s activities influence mortgage rates but don’t directly control them. What the Fed sets is a very short-term interest rate called the Federal Funds Rate. Mortgage rates are determined by global savings as well as credit spreads and inflationary pressures. Over the past two years, the Fed has raised the Fed Funds Rate to 5.5 percent, and then cut it deeply to around 2 percent. All the while, the 30-year mortgage rate has averaged in the 6 to 6.5 percent range. TIP: Today’s rates don’t look bad compared to the 10 percent we saw in the early ’90s and 17 percent in the ’80s.
    Read More >>
  7. It’s the wrong time to buy. Wrong. All real estate is local. For those who are financially and mentally ready to buy, there has never been a better time to be a buyer in many markets. An abundant selection of homes and historically low interest rates give buyers an edge over sellers. The recently passed $7,500 federal tax credit for first-time home buyers creates an added incentive. For someone with a long-time horizon, Yun says, there is very little worry about home values since homes have historically provided a solid foundation for wealth accumulation. TIP: Compare the pros and cons of renting vs. buying to see what makes sense for you.
    Read More >>
  8. It’s the right time for everyone to buy.No. All real estate is local, and everyone is unique. Someone who is not emotionally or financially ready should not be forced or induced to join the rank of homeowners, even when a market presents good buying opportunities. Potential homeowners clearly need to understand that the decision to move up to ownership requires sacrifices, like saving up for down payment and elevating their credit scores. Homeowners who lose their home to foreclosure serve no one’s interest, Yun adds. TIP: Take a good hard look at your financial status and create a homeowner’s budget to see if you’re ready to buy a home.
    Read More >>
  9. It’s a terrible time to sell. Wrong. In markets where home sales are picking up strongly, a seller can easily get an offer if the property is priced correctly. Also, Yun says, for those looking to trade-up, selling low on an existing home is more than offset by buying the new move-up home at a lower price. When the market recovers, home price appreciation on the traded-up home will bring bigger bang for the buck. TIP: Homebuyers want bargains in this market. If you price your home much lower than your competition, you might end up with a bidding war.
    Read More >>
  10. With the advent of the Internet, more and more homes are being sold by owners (FSBOs), and real estate practitioners are becoming obsolete.Nope. According to Yun, the share of home sellers who choose to go it alone when selling their home has actually decreased from about 20 percent in the late 1980s to about 12 percent today. Even after these sellers successfully complete a transaction, only 4 in 10 say they would sell their next home without the assistance of a real estate professional. TIP: You don’t have to sign a listing contract to talk to a Realtor. Ask family and friends for referrals and interview a few. You might even get some free advice.
    Read More >>

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New Technology for Your Home Search

October 31, 2008 · Leave a Comment

 

There are hundreds of Web sites with home listings including giants like Trulia and Zillow, but these sites don’t necessarily offer a personalized, welcoming experience. Real Living’s Web 2.0 is the first of its kind in real estate. Let’s take a look.

Web 2.0 was launched three years ago, well ahead of its time, and offers consumers the opportunity to customize and save searches, receive up-to-date listings, choose and communicate with their agent, record and store notes about each home, schedule events and track how often their home has been viewed. With 4,000 new registrants each month, Real Living’s Web 2.0 is clearly an effective technological tool that allows consumers to be in control and stay connected to their real estate agent.

Another fun tool for consumers is Google Maps street view. Type in the address of a home you’re interested in and click on “street view.” Street view allows you to evaluate the exterior of the home and get a feel for the neighborhood and community before you visit the location. Scan the area to make note of nearby restaurants and movie theaters too!

Another great tool to gain insight into the world of real estate is blogging. Search for some real estate blogs online to stay educated and in tune with what’s happening in the real estate market. All the experts are talking, so learn from them and become a part of the discussion as you search for your home. You’ll learn what to look for, when to buy, which companies are on top and how to get just what you want from your home searching experience. The real estate blog site, ActiveRain, is a great place to start.

If you’re in the market for a new home, look to the internet for assistance — it’s the number one place to search for a home. By taking advantage of all these tools, you’ll be sure to find the home of your dreams.

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Fall Home Maintenance Tips

October 31, 2008 · Leave a Comment

 

Disconnect Garden Hoses

It’s important to disconnect garden hoses and shut off the valve to outside faucets before the first freeze. If you forget to disconnect your hose, a buildup of ice can form that puts pressure on interior water lines. This can eventually lead to water line breaks inside your home. In addition, if you don’t own a sturdy hose, it may be time to invest in one. Cheap hoses are hard to store, they crack easily and frequently form kinks.

Install Storm Windows

Before arctic air blows in from the north, ensure your home is ready to withstand the cold, blustery drafts of winter. Storm windows are a great investment for those interested in cutting their heating bills during colder months. They act as additional insulation for your home and are easy to install or remove. Fall is also a great time to caulk or place weather-stripping around windows and doors to prevent air leaks. According to electricity company, Hydro One, “air leakage represents 25 to 40 percent of the average heat loss in the winter and cool air loss in the summer.” By caulking and installing storm windows, you’ll be sure to minimize the amount of energy and money you waste during the upcoming months.

Lawn Equipment

When winterizing your lawn equipment, make sure to run all gas-powered machines until the fuel is gone. If you forget to do this, the fuel can clog your carburetor—causing expensive damages. If your lawnmower requires an oil change, fall is a great time to perform this routine check.Plant Bulbs

Whether you’re planting Irises, Tulips or Daffodils, bulbs need to be planted during the fall months. You’ll want to plan this activity for later in the fall to ensure soil temperatures are around 55° Fahrenheit. If you can’t measure ground temperature, then plant the bulbs when night temps consistently drop to around 50° Fahrenheit. Some say this is about 6 weeks before the first freeze. If you plant the bulbs too early, then you run the risk of the bulbs either rotting or growing prematurely.

Test Smoke Detectors

Fall is the perfect time to change the batteries in all smoke detectors. Ideally, this should happen at least twice a year — once in the fall and once in the spring. Even if you change the batteries, you should still test your detector at least once a month. Then, after 10 years, you should completely replace your smoke detector.

For more information on routine home maintenance to be performed during the fall months, check out the “Tools and Maintenance” section of RealLiving.com!

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Creating the Illusion of a Larger Room

October 31, 2008 · Leave a Comment

 
Paint
Choosing color for the walls of a smaller room can be a delicate decision. Most people agree that lighter paint colors reflect more light and therefore create the illusion of a larger room. In terms of color, go with a monochromatic theme. Then, if you have trim, paint it an even lighter shade than the wall. This technique causes the walls to appear farther away than they really are. Crown molding is a great option in terms of trim because it creates the illusion of a higher ceiling by drawing people’s eyes upward. If you’re ambitious, another way to make ceilings appear higher is by painting vertical stripes on the wall.

Staging Furniture

This may seem counterintuitive, but when staging your furniture, larger pieces create the illusion of more space in a room. An increased number of smaller pieces make the room appear cluttered and they create more wasted space. If you choose to use larger pieces of furniture, stage them diagonally in the room. The longest line in your room is diagonal, and by placing furniture in this position, you’re showcasing the length of the room’s imaginary diagonal line. Keep furniture from disrupting natural walkways and the flow from room to room. Tables with clear tops also create the illusion of more space. In terms of décor and accessories, reduce clutter as much as you can—more floor space lends to the appearance of a larger room.

Walls

Hanging mirrors on the wall can create the illusion of a larger room. Utilize mirrors in spots that need expansion. For example, if you want to lengthen a hallway, place a mirror at the end of the hallway. This makes the hallway look twice as long as it really is. Another technique is to place a mirror behind a display of flowers. The mirror doubles the amount of flowers in the display.

Window Treatments

In an attempt to capture as much natural light as possible, stay away from heavy or dark drapes that block sunlight. If drapes fit well around your window, try and hang drapes made from a sheer fabric. Otherwise, go for light colored Venetian blinds or shades.
Lighting

Once again, when lighting a room, look for as much natural light as possible—specifically larger windows and skylights. If this isn’t an option, try and illuminate all four corners of the room. Darker edges and corners make rooms look smaller. To create the illusion of a higher ceiling, install wall sconces that reflect light up toward the ceiling. This technique vertically elongates the height of the wall.

 

 

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OPEN HOUSE at 7980 Smoke Rd. in Pataskala on 10/26 from 3-5 part of City wide HOP

October 26, 2008 · 1 Comment

Property Details 

 
   
 
Old Price: $299,900 New Price: $289,900 Save: $10,000
 
 
$289,900   
 
7980 SMOKE RD
Pataskala, OH
43062
MLS: 2818441
   
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 Description 
 
Beautiful, country setting that is Move-in ready! This unique property is sitting on 5 peaceful acres in Pataskala with plenty of mature trees for the ultimate private retreat. A few of the features of this home include: Tennis Court, Wooded lot, Stream, Pole Barn, Patio, Deck, Harmon Pellet Stove, freshly painted interior and Attached 2 car side load garage. Traditional floor plan. Sliding doors open out onto the patio overlooking a park like setting.
 
 
 Upcoming Open Houses 
 
  • 3:00 PM – 5:00 PM on Sunday, October 26, 2008
    Hosted by: Hosted by: Norma Crouse
View complete list of current Open Houses.
 
 Features 
 
  • Two Story
  • Single Family
  • 4 Bedrooms
  • 2 Full, 1 Half Bathrooms
  • Garage/Parking: Farm building, side load, 2 car garage, attached garage, opener
  • Additional Building
  • Deck
  • Dishwasher
  • Microwave
  • Patio
  • Refrigerator
  • Waste Tr/Sys
  • Well
  • Acres: 5
  • Fireplaces: One
  • Heating: Electric, Heat Pump
  • Stream on Lot, Wooded
  • Other Rooms: Dining Room, Eating Space/Kitchen, Family Room, Living Room, Rec Room/Basement
  • A/C: Central
  • Basement: Block, Crawl Space, Partial
  • Exterior: Brick, Stucco
  • 2226 Square Feet
  • Yearly Taxes: $4,449
  • County: Licking
  • Subdivision: Rural
  • Parish: St. Pius X
  • Built in: 1978
 
 Presented By 
 
Norma Crouse   Norma Crouse
Direct: (614)273-6274
Fax: (740)927-1933
www.RealLiving.com/Norma.Crouse
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