MORTGAGE MUSTS … In Plain English

Be prepared for this process up front and it will make your transaction go so much smoother.  There are lots of moving parts to getting approved for your loan,  but luckily your REALTOR® has done this many times before and will be your best guide! Trust us to help you sail this step of the process along with your Mortgage Agent.  DawnMORTGAGE MUSTS

Posted in REALTOR® | Leave a comment

The Homeownership Dream

Do not give up on your dream to own a home.  Talk to you local Trusted REALTOR® to see if they have a Trusted Lender that they can connect you to who can help you determine if they have a loan that will work for you and allow you to purchase the home of your dream – or a starter home to set you on the path to eventually buy that mansion!  ~  Dawnhomeownership dream

Don’t give up on your dream to own a home. My motto is that “If there is a will, there is a way!”.  Talk to your trusted REALTOR®. They have many options from their favorite lenders that just might help you obtain your home!  ~  Dawn

Posted in Buyers, Buying a Home, FHA & VA Loans, Investment Properties, Lenders & Loans, NAR-National Association of REALTORS®, New Homes, Personal Opinions, Real Estate - Sellers & Buyers, REALTOR® | Tagged , , , , , , , , , , , | Leave a comment

WINTER IS COMING…………..

Some helpful reminders to get ready for winter – no matter where you live.

WINTER IS COMING_0001

Posted in Buying a Home, Home Maintenance, Home Security, Inspections, Investment Properties, New Homes, Personal Opinions, Real Estate - Sellers & Buyers, REALTOR®, Safety | Tagged , | Leave a comment

Down Payment Delemma?

Some helpful hints for Down Payment Assistance from California Association of REALTORS®.  In a Buyer’s market, sometimes the seller will credit buyer’s closing cost which helps with funds out-of-pocket too.  When the market swings to a buyer’s market, check out your options – Dawn

Down Payment Dilemma

Posted in Buyers, Buying a Home, FHA & VA Loans, Lenders & Loans, Real Estate - Sellers & Buyers, REALTOR® | Tagged , , , , , | Leave a comment

Should Listing Photos Be Removed After the Sale?

August 20, 2018

Some home buyers express concern that photos of their properties continue to live on real estate websites after they’ve closed on the purchase, and they’re asking real estate professionals to help take them down, citing privacy and security issues. In a column in Chicago’s Pioneer Press, a buyer named “Deborah” wrote about her efforts to get the listing photos of her home removed after she bought it. Deborah says the seller’s agent refused her immediate request, saying other real estate companies like to see the photos and use them as comparables and for appraisals.

Concept of device showing listing photos

© pbombaert – Moment/Getty Images

But Deborah was concerned that the interior of her home was still viewable. In the column, she calls for the industry to launch a new provision for home buyers so that they can opt out of keeping listing photos online indefinitely—similar to a “Do Not Call” list.

Generally, secondary photos of sold properties can be “suppressed” from an MLS’s data feed to third parties at the listing agent or managing broker’s request. However, the primary listing photo—which most often is an exterior shot of the property—likely will remain available to view.

Lesley Muchow, deputy general counsel for the National Association of REALTORS®, says homeowners can request that third-party sites remove property photos that are still visible after closing. Homeowners also may want to ask their agent to intervene in getting photos suppressed from the MLS and its feeds.

Posted in Home Security, Listing, NAR-National Association of REALTORS®, Personal Opinions, Photos online, Real Estate - Sellers & Buyers, REALTOR®, Safety, Seller Disclosure | Tagged , , | Leave a comment

Cost of For Sale By Owner – You Will Be Surprised!

Hands grabbing $100 bills

Courtesy NATIONAL ASSOCIATION of REALTORS®  July 16, 2018

You’ve heard of buyer’s remorse; but without your market expertise and sales skills to back them up, sellers who choose to sell their home on their own just may experience “seller’s regret” when they see how much less they get for their properties. FSBOs earn an average of $60,000 to $90,000 less on the sale of their home than sellers who work with a real estate agent, according to the National Association of REALTORS®. Here’s the breakdown:

  • All agent-assisted homes: $250,000 (median selling price)
  • All FSBO homes: $190,000
  • FSBO homes when buyer knew seller: $160,300

With this kind of discrepancy, why would any seller choose to go it alone? Some may want to avoid paying an agent’s commission—but even factoring that in, FSBOs still stand to make less on their home sale. “Talk to an agent and find out what they suggest for the commission, and then do the math yourself,” researchers write on NAR’s Economists’ Outlook blog. “The closing price for the agent-assisted seller is likely going to be way above a FSBO. [But] in reality, homes sold by the owner make less money overall.”

Homeowners seem to be hearing the message: Only 8 percent of sellers last year—an all-time low—chose to sell their home themselves, according to NAR’s 2017 Profile of Home Buyers and Sellers. That figure has been falling since 2004, when 14 percent of homeowners sold their own homes.

Of the share of FSBOs last year, 38 percent of the homes were sold to a buyer that the seller knew, such as a friend, neighbor, or family member. The majority of FSBO transactions, however, were sold to buyers the owner did not know.

Source:
Selling Your Home Solo to Save Money? You’ll Actually Make Less Than You Think,” National Association of REALTORS® Economists’ Outlook blog (July 9, 2018)

qrkBze&om_ntype=NARWeekly

Posted in Buyers, Buying a Home, For Sale By Owner, Investors - Investment Income, NAR-National Association of REALTORS®, Personal Opinions, REALTOR® | Tagged , , , , , , , , | Leave a comment

What is an ADU & Why You Should Care?

Great Information if you are looking for additional space to care for loved ones and/or  several other options.  Check out this article from the LifeEdited.com website.   Dawn

What is an ADU and Why You Should Care

ADU stands for Accessory Dwelling Unit and they might just be your next edited home. You might know ADUs by their other, quasi-affectionate names such as granny-flats, mother-in-law-apartments and so on. They are dwellings–either attached or detached from a main house–that exist on a lot with another house. Many ADUs are buit above garages such as the one pictured above.

ADUs have myriad benefits such as:

  • Creating a secondary rental income.
  • Increasing the occupancy of a given plot of land.
  • Creating more communal living, while still providing autonomy and privacy for both homes.
  • People who may have once needed a large home–e.g. parents whose children have moved out–can move into the ADU and rent out the main home.

ADUs are not lean-to’s; they are real homes that require building permits and some investment. A great resource is accessorydwellings.org, which goes into the ins-and-outs of ADU construction, financing, zoning for every state and other issues.

blu-homes

For those looking to install an ADU on their property, but who don’t want the headache of designing a custom home, there are many prefabricated options like the model above by Blu Homes.

What’s great about ADUs is that they provide a way of optimizing traditional the American home, whose lot size is often considerably larger than its home. We realize many people who want to live an edited life live in traditional American homes; moreover they neither want to move into a micro apartment in the city or a tiny house in the country. The ADU provides a great way of working with existing resources, while providing extra income, increasing the efficiency of a property and creating a more community-oriented lifestyle.

Do you have experiences living or building an ADU? Tell us about it.

Top picture by Pete Sloutos, courtesy of Peter Brachvogel, BC&J Architects

Posted in Add Ons, Additions, ADU, Buyers, Buying a Home, FHA & VA Loans, Home Security, Inspections, Investment Properties, Investors - Investment Income, Lenders & Loans, New Homes, Real Estate - Sellers & Buyers, REALTOR®, Remodel, Remodeling, Second Homes | Tagged , , , , , , , , , | Leave a comment