Senior living can be a rewarding and fascinating time in the life of an older individual . We know because we have found the senior living experience very rewarding and engaging to say the least. Over the years we have helped a number of seniors relocate to senior living communities in the State of Maryland and beyond. We decided to share some interesting facts and resources from the July/August Senior Real Estate Specialist (SRES) newsletter that maybe helpful to you and inspire you to enjoy senior living. We hope you will enjoy the facts and articles included in this blog. EMPLOYMENT ASSISTANCE The Senior Community Service Employment Program helps 55+ low-income, unemployed individuals find part-time jobs with community service organizations. www.ncoa.org/economic-security/matureworkers/scsep/ SENIORS GIVING BACK ENCORE – The encore movement aims to solve social problems by harnessing the experience of people in midlife and beyond. … [Read more...]
Is Staging Worth the Investment?
Is staging worth the Investment? Many home sellers are told they should stage their home before having it shown to potential buyers. But, professional staging can get expensive, and recent research found that it may not have a significant impact on sale price. So, is it worth the cost? Industry experts say yes – it probably is. The cost of hiring a stager varies considerably, based on the level of staging you want, the furniture you use, and where you live. Services range anywhere from $300 for a consultation to thousands of dollars for staging and monthly furniture rental. The goal of staging is: Allowing buyers to imagine themselves living in your home; Showing off your home’s best features, while drawing attention away from its flaws; Creating a mood; and Making the home look better in listing photos. All of the above gives buyers a more favorable impression of your home’s livability, which can help the home to sell faster. And, the faster it … [Read more...]
Digital Upgrades to Help you Sell
Digital Upgrades to help you sell – In our latest addition of “Insights on Real Estate” it describes technologies that can make your home more attractive to prospective buyers. Experts say these digital upgrades could give you a leg up on other sellers. Smart door bells – These door bells are equipped with microphones or cameras that are activated when someone approaches the door or rings the bell. With the use of your smartphone you can hear or see who is at the door. And respond to them – even if you’re not home! Smart locks – These locks can be opened with a tap of your phone. Or just close proximity to the door via a Bluetooth connection. They are convenient and eliminate the need to pass out extra keys to house guests or regular house workers such as cleaning services or contractors. Smart lighting – Light bulbs tied to smartphones can give homeowners a feeling of luxury. With many options available such as synchronizing the lights to … [Read more...]
Find the Best Agent to Sell Your House
Find the Best Agent to Sell Your House Ask detailed questions about their experience and negotiation skills to help you find the right agent for your home sale. Read Visit houselogic.com for more articles like this. Copyright 2016 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
6 Tips for Choosing the Best Offer for Your Home
6 Tips for Choosing the Best Offer for Your Home Have a plan for reviewing purchase offers so you don’t let the best slip through your fingers. Read Visit houselogic.com for more articles like this. Copyright 2016 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
Victoria Falls Market Watch/Single Family/Villa Styled Homes Sales Report
Victoria Falls Market Watch/Single Family/Villa styled homes sales report summarizes the sold properties for Single Family and Villa styled homes through October, 2016. There were eight sales of single family and villa styled homes during this period. Closing Cost assistance to the buyer of $11,397 was provided in only one of the sales. We were fortunate to close on the highest sales price of $502,500 for a single family home ( Thoreau model) on Near Thicket Way. Victoria Falls Market Watch/Single Family/Villa Styled Homes Sales report summary of sold properties follows: Sold - 7202 Paperbark Ter. – List Price: $369,900 - Close Price: $369,900 – Close Date: April 29, 2016 - Seller Subsidy: $ 0 - Tax living area: 1,958 sq. ft. Days on market – 2. Sold - 13502 Autumn End Ter. – List Price:$379,900 – Close Price: 379,900 Close Date: August 5, 2016 – Seller Subsidy: $11,397 - Tax living area: 2,022 sq. ft. Days on market – 27. Sold - 7311 … [Read more...]
First Time Home Buyers
First time home buyers should realize that real estate is a long-term investment. And, a sure way to build wealth and enjoy the tax advantages of home ownership. Renting offers little financial advantages, but provides a peace of mind and worry free living. Plus, renting provides the landlord with tax and equity advantages that you should benefit from as a buyer. Now, is the time for first time home buyers should seriously think about investing in a home. First time home buyers will take advantage of the below market interest rates and other government down payment assistance programs. The current market has seen a rise in home prices due to the lack of inventory - seller’s market. In a few years, the property you purchase today will be worth more in the future. The first step in the home buying process is to contact a mortgage lender to determine your buying power. A Realtor can refer you to a lender in your local area. A mortgage lender will check your … [Read more...]
The Basics of Mortgage Financing
The basics of mortgage financing for each type of mortgage financing as it relates to credit, income and assets follows. We have included helpful tips that will help home buyers in situations that are unique and do not follow cookie cutter conventional financing. Credit score: Currently, the lowest credit score is 620 if no mortgage insurance is needed. And, 640 if mortgage insurance is required. Loan officers cannot manually underwrite conventional loans. They must have an Approve/Eligible in the automated underwriting system. Unlike Federal Housing Authority (FHA) loan - Conventional loans carry risk based pricing adjustments so the lower the credit score the higher the rate and mortgage insurance rate. Typically, a buyer with low credit scores will be much better served using FHA financing because the rate and Mortgage Insurance (MI) will cost less for them. Income: The maximum debt to income ratio is typically 45%. However, a Loan Prospector with good … [Read more...]
Are you Ready to Make the Leap into Home Ownership?
Are you ready to make the leap into home ownership? Are you still living at home? Renting a home to own? While everyone moves at their own pace now is the time to take advantage of the historically low interest rates. In addition to, local and federal programs available to first time home owners. Here are some a few signs to observe to determine if it is time to own your own home. Let's take a look at some of the reasons you should consider to justify your home buying decision. Are You Sticking Around? If you plan on moving soon for a job transfer. Or, plan on moving in the future for other family reasons - it may be better to rent. However, if you are thinking about living in the same city, town or within the same county for years to come - it is time to put down roots! You will appreciate the stability that comes with home ownership. Home ownership can make you more prepared for a marriage and/or a family if that's the lifestyle you prefer. The stability of … [Read more...]
Home Inspections – How to Get the Most Value
Home Inspections - How to Get the Most Value: One of the most stressful parts of selling a home is the dreaded home inspection. Getting the most value from a home inspection is crucial, especially since any missed item can cause a significant amount of trouble a few years or decades down the road. With that in mind, let's take a look at a few tips on how one can get the most value from a home inspection. Home Inspections - How to Get the Most Value : Keep Calm And Allow the Inspector to Have Full Control For sellers - having a stranger paw through every corner of their house is frustrating. To a seller their home have emotional value and no one wants to hear about their homes' flaws. The key to a successful inspection lies in remaining calm. Blowing a fuse or arguing with an Home Inspector is a sure way to lose money! Stay calm, smile, and accommodate the inspectors instructions. The payoff is worth it! How to Get the Most Value - Understanding The Process Buyers … [Read more...]
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