Staging Can Add Dollars To Your Sold Price

Have you ever heard of something known as home staging? It's all about the illusions that you want to create. You can create any type of atmosphere that you want. You will notice that it is more than just cleaning and decorating. It is truly and art form. Home staging will make your home look bigger, lighter, cleaner, and better. It will make others want to purchase your home.

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 I was recently asked,
“What expenses are added on to the mortgage?”


The answer is:  
The items associated with a mortgage payment usually include the principle and interest payments on the loan and then the monthly taxes and insurance costs for the house.


The total monthly payment will be based on the amount of the mortgage, the interest rate you have and your escrows for taxes and insurance.

Contact me for information on contacting a mortgage professional and the details on buying a house, then let’s get to work and find your new home.

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Are You Behind in Payments?

Do you realize there is still a housing crisis. There is a segment of home owners who have fallen behind in their payments, but the mortgage company is not actively pursuing that foreclosure.

There is a  reason for this. Mortgage companies have been slow in reacting to these borrowers because in the past few years, house prices have been down and there was more potential for them to take a larger loss on the short sale or the foreclosure.

However, house prices have been increasing and the market is getting much more active as buyers are realizing the current mortgage rates are so low and they can now buy a house and have less of a payment than their rent for an apartment.

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Moms and dads are buying houses with the consideration of space where youngsters and their pals could hang out …

Residential developers state they’re responding to parents who wish their adolescents and preteens would invest additional time at the house. They are setting up specific areas, from a one-bedroom size to a thousand square feet or more where children could relax, play games and delight their good friends.

The room might consist of a ping-pong table or a billiard table, a recording studio, a pinball device, a cooking area or even a movie theater for motion pictures and video games.

Moms and dads have the tendency to make computer screens large so they could watch just what children are seeing.

As part of a whole-house remodel, Christine Markatos Lowe developed a
kid’s lounge off the home’s kitchen area. The customers’ two children claim it’s fun to go there after a long day at school. They unwind on the couch and play video clips, video games or watch tv.

Household specialists at The Wall Street Journal report that, as households become smaller when kids move out, and lots of residences are large, the teen area has evolved into a social facility in its very own right.

Psychologists think that moms and dads today spend more time with their children compared to past preferences. We are experiencing a loving and diligent generation of parents.

One mother turned the swimming pool house into a teen lounge for her child’s 16th birthday party. One objective: to urge him to invest even more time at home after he acquired his driving privileges.

Moms and dads state the tween and teen area can aid in maintaining peace throughout the other locations in the home. Children require space to hang out leaving other areas where moms and dads need serenity so they can loosen up.

Realty experts recommend that the teen areas must be developed in a way that makes it fairly easy to transform them back into your home. One appraiser states a teen room is a feature that doesn’t add much value when offering a residence for resale.

 

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Housing Equity 2013

On December 20, 2013, in Economist Commentaries, by Ken Fears, Manager, Regional Economics and Housing Finance Policy
 

With the end of 2013 closing in, it is time to take stock of the impact from the strong 2013 housing market. Home price growth was robust in 2013 compared to 2012 and is currently forecast by NAR Research to finish the year 11.3% stronger. This improvement is important for the market as it has created equity for homeowners, boosted buyer confidence, and pulled many underwater homeowners into positive equity positions.

A borrower who purchased a median priced home[1] in 2004 and held it for nine years, the current median tenure of a homeowner according to NAR’s annual Profile of HomeBuyers and Sellers, would have $28,114 in equity from the combined benefit of price appreciation and paying down the mortgage principle. A borrower who bought a median price home in 2012 would have more than $23,000 in equity.

It is important to note that borrowers who purchased in 2006 and 2007 at the peak of the market and thus those who experienced the sharpest price declines are now nearly in positive equity. A person who purchased in 2006 and owned through 2012 (not pictured) would have been underwater by roughly $28,200, but by 2013 this gap was down to $4,700. Continued price growth in 2014 will help to further ameliorate this gap. Homeowners who purchased since 2007 are in positive equity.

Even through the visitudes of the great recession, for most homeowners housing remains an effective vehicle for building equity and wealth.

[1] With a 10% downpayment at the prevailing average 30-year fixed mortgage rate

Do you really want to go to Zillow or Trulia to determine the value of your house? Trust me when I say a computer cannot place an accurate value on a home. Contact me to get a complete market analysis.

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You have heard how important location is when selling a house. Not only is this important for the safety and security of your family but also when you are ready to sell your home. Do your homework and some extensive research before you go looking for the perfect home. The home can be everything you have dreamed of in appearance, but ask yourself, is the home located in an area that is convenient to schools, shopping, and interstates?

One thing most buyers always forget to look at is will the area, not just the home itself, hold its value? You have to keep in mind that you aren’t just buying a home, you are buying a community. Many buyers focus on just the home itself, but keep in mind the area and what surrounds it can have a lot to do with the growth of your area as well as when the time comes to sell a home. Get in your car and drive around the entire area within a square mile or so. What do you see? Is there anything that concerns you? Use the internet as a tool to help discover the unknown.

You can search your potential home’s address and not only see the activity of the neighborhood itself, but surrounding neighborhoods as well. Checking the response time of the local fire and police departments are also variables that are most often overlooked. When you do find that home, I would suggest walking the neighborhood, don’t just drive it, but walk it. You will hear and see things and get a better feel. Are the neighbors friendly, are the children in the area respectful and behaved?

Does the neighborhood have a safe “feel” to it, and most of all is it clean and quiet. Drive the neighborhood at night to see the difference in activity from during the day. These are potential variables that are overlooked when buying a home. Don’t just look at price and what the home has to offer, after all price isn’t everything. You really don’t want to live next to someone who plays loud music or works with power tools until 1:00am. Nor do you want to live next to Fred Sanford, who can’t keep his yard clean.

Keep in mind, it’s not always about that “dollar” or “good deal”, it’s about you, your family and where you make your property. After all, your home is your empire.

Property owners can now sell a home in Little Rock for no fees or closing costs. Leo Kingston now offers house owners a method for selling a home with no closing costs.

Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.

The National Association of Realtors® 2013 Profile of Buyers’ Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012.

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