Real Estate Information Archive

- Check smoke/carbon monoxide detector batteries, and test the smoke detector itself to be sure it’s working properly.  If you don’t have a family fire plan in place, please create one and go over the plan at a family meeting. 
 

- Get your mudroom ready for wet Winter weather with plastic bins for shoes and boots, and extra hangers for cold-weather clothing.  Creating a mudroom near the entry your family uses most is easy with a sturdy indoor/outdoor area rug, doormats on both sides of the door, and shoe trays to store wet, muddy footwear. 
 

- Your air conditioning may still be in use, but have your furnace inspected and serviced now before you need it.   
 

- Walkway and driveway cracks should be filled and repaired while it’s still warm; the materials used for this job may not work as well once outside temps drop. 
 

- Clean outdoor furniture and leave to dry completely in the warm sun. When it’s time to store it, you’ll have one less thing to do. 
 

- Some plants are better off when you divide them in Autumn:  hostas, daylilies, Spring-blooming bulbs, peonies, and shrubbery are just a few that will be happier if divided and replanted now instead of in Spring.   
 

- What to do with all the garden trimmings and leaves you’ll be raking soon?  Create a compost pile!  You’ll save on soil improvements and fertilizer next Spring. 
 

- If you’re not ready to give up gardening to the elements, plant a Fall garden!  You’ll be rewarded with fresh greens and other vegetables for those slow-cooker recipes! 

“My house is worth (much more or less than you thought) according to this website!”  Online estimators are not dependable when it comes to assessing the value of your home.  They can’t see the interiors, the condition of the roof, landscaping--you get the idea.  Your REALTOR® is your best source for setting a value for your property. 
 

“This kitchen needs remodeling before anyone will even consider buying this place.”  A thorough cleaning, sprucing up of the cabinets with new paint and hardware and installing an inexpensive backsplash and new faucet can make your kitchen a total selling point.  Spending too much on a complete renovation can cost more if you don’t get your return on investment. 
 

“If I overprice the house, then negotiate an offer, the buyer will think they’re getting a steal of a deal!”  In today’s world, most homebuyers have done their research, and may overlook your home simply because of the high asking price.  Have confidence in your agent’s ability to price it right.   
 

“Weekends are the only days I can have the house available for viewing.”  Setting limits on when an agent can bring potential buyers to the house is like putting up a Not For Sale sign in your yard. If you want the house to sell, it must be accessible even when it’s not convenient for you. 
 

“I’ll wait until I get a few more offers.”  Rejecting the first offer for a wait-and-see can leave your house on the market longer, which can lead to fewer offers.  Buyers will wonder if something is wrong with the house when they see the length of time it’s been for sale, leaving your home overlooked in their house hunting. 
 

“Hiring a real estate agent is going to cost too much.”  When you contract with a REALTOR®, you’re getting a professional that knows the market, handles the listing, marketing, showing, knows legal aspects of selling a home, and much more.  Taking the risk of selling your house on your own could cost you much more than an agent’s commission in the end. 

- Start simple:  cleaning is probably the easiest way to begin engaging your children in home-keeping.  Most love to sweep, dust, vacuum and help with dishes.
   

- Little ones are naturally curious about what’s outside, so gardening can be a lot of fun, as well as being educational.  Not only can they assist with planting projects, but even preschoolers can be handy with a rake or help with weeding. 
 

- When you’ve decided that your walls need new paint, sit down with the color chip cards, and let them help you decide on color.  Painting the sample swatches on the wall is a great way to introduce a paintbrush or roller, and simple techniques.   
 

- Planning on purchasing a furniture kit?  Let the children help build it; learning how to follow directions that use symbols and handling simple tools is a great start to working those motor skills in a new way. 
 

- Any small repair--tightening drawer pulls, replacing a door handle or sink faucet--can easily involve any age child.  Give them an age-appropriate job, such as passing needed tools, shining a flashlight or using simple tools under your watchful eye. 
 

- Putting up new curtains or hanging decor on the walls are great ways to teach school-age kids about using a level or measuring tape.  Math skills in DIY?  Absolutely! 
 

- Do you perform your car maintenance?  Everyone should know how to check the oil and other fluids, as well as tire pressure.  Showing your children that keeping the family car in good running condition is as necessary as taking care of the house! 

Paying the minimum payment every month keeps your credit score in check, but the interest added to the balance can make a negative impact on your credit.  Pay as much as you can afford over the minimum billed amount, or, better yet, pay off the balance each month. 
 

Late payments not only damage your credit, but if you’re sending it late every month, the late fees and interest on the balance will max that credit card out, and it could take years to pay it off.  Set up an auto-pay plan or mail your payment a week in advance of the due date. 
 

Spending just to receive rewards is a good way to get you into credit trouble!  Sure, those rewards are great, but they’re usually a small percentage of your purchases.  The added interest will be far more than any rewards you’re seeking and will cost much more in the end.
 

Cash advances may seem like help, but the interest on them starts as soon as that money is in your hand, and there are usually extra fees involved.  Cash advances are essentially cash loans and are treated as such.  Beware of “convenience” checks your card company offers to you because they are cash advances in disguise. 
 

Maxing out your balance, or worse, spending over your credit limit, is a good way to reduce your credit score.  The over-balance fees are tremendous, and not having any available credit left on the card will affect the credit utilization ratio. 
 

Tossing your statement without reading it can cause you to miss important announcements from the company, as well as fraudulent activity, or changes in your minimum payment due. 
 

Using your credit card at the grocery store or to pay utility bills will help in an urgent situation, but only if you can pay the full balance at the end of the month.  If you’re using a credit card for everyday purchases, it’s time to get your finances under control. 

- Your garden will benefit from a Fall-planting of clover, as it provides nitrogen to the soil. but most homeowners don’t want it in their landscaped lawn.  Mowing high over the plant will help it from reseeding but pulling them while they’re young is the best preventive. 
 

- Crabgrass is a bane to many lawns, and it grows quickly once the rain hits the seeds.  Pulling the roots is the easiest way to remove the plant, and even easier if the soil around it is damp. 
 

- If you don’t care to add dandelions to your diet (yes, they are edible!), you’ll need to get them at the roots. Spray them with undiluted white vinegar until they’re thoroughly wet, and they will die within a few hours. 
 

- Ground ivy, or creeping Charlie, is another weed that can be pulled effectively from wet soil.  If you allow it to flower, make sure it doesn’t go to seed, or you’ll spend more time pulling new plants. 
 

- Oxalis, or wood sorrel, has leaves that are almost clover-like, and purple or yellow blooms.  Catch it early, and it can be pulled up by the roots, or use a soap-based herbicide to kill larger plants. 
 

- A plant that has been cultivated in many hybrids, portulaca, can also be an aggressive weed.  - Once you’ve dug them up, allow them to dry before you dispose them in a compost pile or other yard waste.  They easily regenerate from any part of the plant. 
 

- The thin, strong-scented single leaves that shoot up in our lawns are wild garlic. Mowing won’t stop them, as they’re sprouting from corms in the soil. Pull or dig them up, and make sure you have the whole corm to avoid new growth. 

- A “Bank-Owned Home” is just that:  the owner stopped making payments, and the lender is in the process of auctioning the home to try and recover the money they loaned.  Houses that are “Real Estate Owned” mean that the bank’s auction didn’t result in a sale and is being sold through a real estate agent. 
 

- Vacant homes can have all sorts of issues: mold, vandalism, pest issues, stolen copper piping, and neglected landscaping are just a few.  Before you make a bid, go and see the home for yourself, and decide if you can afford the sale price plus the cost of repairs. 
 

- Hire an inspector to go to the house with you so you’ll have an idea of exactly what needs to be done.  You don’t want to underestimate renovation costs. 
 

- When considering the asking price, and you have taken steps to get a contractor bid on all the rehab, use this formula to calculate your offer:  80% of the appraised value minus the cost of repairs. 
 

- Investing in a foreclosure as a rental will require less trendy but rugged materials and flipping to resell might be more expensive (and more headache!).  Moving into the home yourself can keep initial costs in check if you’re willing to do what’s necessary before moving in and holding off on upgrades. 
 

- Some foreclosure purchases must be made in cash, and that can put investors at an advantage.  In case cash isn’t a requirement for the purchase, have proof of pre-approval from your lender when you make your offer. 

- Look for a REALTOR® who has experience with long distance sales and is comfortable handling the process with a seller that isn’t local.  Be available for lots of electronic communication with them.
 

- Find a tax attorney or accountant with a background in handling out-of-state home sales, because you may have double capital gains taxes to pay.  A professional will be able to walk you through the tax process and let you know if there are any credits you can claim at the end of the year. 
 

- Unless your current home is paid for, you will have to pay as if you live in two homes once you move.  Bridge loans are always a possibility, and you’ll need to be certain your home sells within a certain time period, as bridge loans are short-term.  Learn more about bridge loans, and decide if one is the right fit for your budget. 
 

- Pricing to sell as soon as possible is imperative, so make certain you and your agent are on the same page.  From realtor.com®: “Your for-sale listing will have the most impact as soon as it is published. That’s when you’re most likely to get fair market value for the home—before people start questioning why your house has sat on the market for so long.” 
 

- Consider a remote closing, especially if you are so far away that when it comes time to close on the property, you have to spend a lot in travel costs. 
 

- Consult your insurance agent before you move, as your homeowner’s insurance will need some changes on your policy, as the house will be vacant. 
 

- Leave the electricity on, and have timers on outdoor lighting, and in a few rooms inside.  Keep your security system in place, as well. 

- Portable generators are great for providing electricity to essentials:  lamps, refrigerators, freezers, fans or plug-in heaters. 

- Most are fueled by gasoline, and the tank must be filled as it runs, so there is a bit of labor involved.   

- The engines on portable generators are noisy (think lawn mower noise).   

- Generators that run via a solar panel are available, and the technology is getting better, but the initial cost is higher.  Keep in mind that you’ll save on fuel expenses in the end. 

- Prices vary with how many kilowatts you’ll need, and your budget should include enough for appropriate extension cords for each device you plan on connecting to the generator. 

- In order to provide power to everything in the house, including HVAC, a stand-by whole house generator is the best choice, as it will be connected to your home’s electrical system. 

- A stand-by system can be fueled with natural gas, propane or diesel fuel.  These types of units run more quietly than the portables and are fuel efficient. 

- Whole house units will cost the most, as they are ready to go almost the instant you lose utility power, require professional installation, and possibly local permits.   

- Installation should be done by a certified electrician, and some offer a package deal that includes the unit and installation in one price. 

- First and foremost: call the bank before you begin missing payments!  If you have equity in your home, this is especially important. Once payments are late, or the lender has filed a notice of default, they will be reluctant or unable to work with you.  
 

- Several agencies offer free credit counseling and can direct you to someone who can assist you with getting those finances in order.  The HUD website can put you in touch with a local counselor, or find helpful foreclosure information through the National Foundation for Credit Counseling®. 
 

- Keeping your mortgage payments current is more important than paying credit card bills!  Sure, late credit card payments will affect your credit score, but a foreclosure will do far more damage to your rating.  Once you get caught up with the house payments, pay off the credit cards as soon as possible. 
 

- Do you have any assets you can sell?  Letting go of expensive items that you’re not really taking the time to enjoy--a boat, for instance--can certainly cut monthly expenses, and any proceeds can go to your loan. 
 

- In case you’ve already gotten behind, open every piece of mail that comes from your lender.  Many times, they’ll offer options as soon as the first payment is overdue, because they don’t want to foreclose on your loan as much as you don’t want to go into foreclosure. 
 

- Resist any “quick-fix” offers you see on the internet, television commercials and junk mail, or even from so-called investors.  These “rescue mortgages” could be a scam and will cost you your home faster than a foreclosure can take place. 
 

- If you see that you can simply no longer afford your home, get advice from an attorney whose specialty is foreclosure, as most will do a one-time consult at no cost.  You may also contact Legal Aid for a pro bono lawyer if you can’t afford it.   

- An unkempt yard or dirty, cluttered home can keep us feeling stressed and overwhelmed.  Once a room is cleaned, and piles of mail or schoolwork is organized, try to keep it that way.  If yard work is getting you down, find an affordable landscaping company or neighbor to get the grass mowed, leaves raked, or flower beds weeded. 
 

- You may not have had time to paint or do small redecorating projects when first purchased the house, and that outdated wallpaper or color is bringing you down. Color influences us, so when you are dreaming of Tiffany blue dining room walls, but yours are hunter green, take a weekend to get it done!  
 

- Light is so important to how we feel!  Keep shades and blinds open to allow sunlight to shine in, and that’s free!  Spending a little to improve poor lighting in a room with lamps, sconces and brighter bulbs is a mood-booster, as we are naturally drawn to light.  Add inexpensive battery-operated LED lighting to the underside of kitchen cabinetry, bookshelves and china cabinets. 
 

- According to Healthline, plants can boost our mood and provide many other benefits!  Where real plants aren’t practical, faux greenery will do, and it never needs watering. 
 

- One thing that can cause issues is keeping something on display that isn’t everyone’s favorite.  If there’s anything in a room that gives anyone a bad feeling or brings up memories they’d rather forget, remove it.   
 

- Aromatherapy is certainly a current trend, but scents do affect us in many ways.  There are so many ways to add a pleasant aroma to your home, so choose the most convenient method, along with a couple of different scents you love, and use them.  When you get used to smelling one, change it out with another.