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How to Speed Up a Home Closing

Tuesday, May 8, 2012
posted by Tommi Crow

Some home-sale transactions close quickly, while others can take months. Two significant factors that affect most home sales are inspections of the property and financing the purchase.

Inspections should be done within the first couple of weeks after the offer is ratified, i.e., accepted by both buyer and seller. Usually, the day after ratification is day one of the contingency and closing time periods. This may vary from one location to the next.

When transactions fall apart soon after ratification, the cause is usually something discovered during the buyer’s inspections. It’s a good idea for sellers to get presale inspection reports so that the buyers have as much information about the property as possible before they make an offer.

Most home inspection reports make recommendations to consult other specialists such as a roofer, furnace contractor, drainage specialist or engineer. Few sellers have these additional inspections done. Even if they do, the buyers might want a second opinion.

Inspections are also somewhat subjective. One inspector might say a roof needs to be replaced; another might say it has a few years of life left as long as it is properly maintained. Transactions fall apart because the buyer and seller can’t come to an agreement on inspections, which means the sale doesn’t close, the house goes back on the market and the buyers renew their home search.

If the inspection issues are worked out satisfactorily, the next major hurdle that could delay your sale, or crater it, is the loan contingency. Cash buyers bypass this rigorous process; however, they do need to provide the sellers with evidence that they have sufficient liquid funds to close the sale.

All-cash deals can close whenever the buyers and sellers agree, after all inspection issues are resolved. Closing can occur in a week or two. Some all-cash buyers include an appraisal contingency in their contract to confirm that they’re not paying over market value.

In this case, it would take longer to close because an appraiser would need to visit the property and work up an appraisal report. If the property didn’t appraise for the purchase price, the buyer might be able to back out and have the deposit returned.

Both buyer and seller would start all over again. However, if they negotiated a resolution, the sale could close quickly and would take far less time than it does to close a sale involving a mortgage.

HOUSE HUNTING TIP: Purchase contracts include contingencies and time periods for them to be met. To avoid having to ask for extensions, make sure that the time periods you request are reasonable. An extension might not be granted if the seller has a backup offer for a higher price.

Buyers should get preapproved for the financing they need to close a home sale before their offer is accepted. This way, they are assured of what they can afford to pay. Preapproval can cut a few days off the loan approval process.

Loan approval can go relatively quickly if you present all required documentation promptly and your financial situation is not complicated. It can be more time consuming for buyers who are self-employed or are using other than W-2 income to qualify.

Part of loan approval involves an appraisal on the property by a licensed appraiser. This can slow the process down depending on the lender, how backlogged they are and the loan amount. A large loan amount can prompt the need for two appraisals, which adds more time to the approval process.

THE CLOSING: If you’re buying in an area where homes are selling quickly, it may take 35 to 45 days from contract acceptance for final loan approval and closing.

Dian Hymer, a real estate broker with more than 30 years’ experience, is a nationally syndicated real estate columnist and author of “House Hunting: The Take-Along Workbook for Home Buyers” and “Starting Out, The Complete Home Buyer’s Guide.”

CUMMING, Ga. (AP) — The government wants you to install solar panels at your house, and will even give you a tax break to do it. But your neighbors? Maybe not.

It’s a lesson Angel and David Dobs discovered when their homeowners association north of Atlanta denied their request to install solar panels on their roof. Neighborhood officials said the panels would look out of place and might lower home values in a community that regulates details as fine as the coloring of roof tiles, the planting of trees and the storage of trash cans.

“It’s like living under communism — someone gets to dictate every possible thing you do,” David Dobs said.

Homeowners associations around the country have banned or severely restricted the installation of solar panels, and the solar industry has pushed back to halt the practice. A recent attempt in Georgia to expand the right to go solar had support from environmentalists and some Republican lawmakers concerned about private property rights but it succumbed to opposition from developers and real estate agents.

Roughly two dozen states now forbid or limit homeowners associations or local governments from banning solar panels, according to a database run by North Carolina State University. Similar disputes have prompted lawsuits in Nebraska and California.

Angel and David Dobs supported the Georgia legislation after their run-in with the homeowners association. David Dobs had viewed the project as his personal contribution to prevent global warming.

Leaders of the Vickery Lake Homeowners Association in Cumming say the dispute is about architecture and aesthetics, not the merits of solar power. Homeowners automatically accept the community rules when they purchase a home there.

“We’re not going to debate whether it’s a good idea to have green energy or not,” said Jim Pearson, the association’s president.

These debates are likely to keep flaring as more people install solar energy systems because the equipment is getting cheaper and governments subsidize the cost. Taxpayers can now deduct 30 percent of the cost of installing solar panels from their federal tax bill. Other states and local governments offer additional incentives.

The fight is not new. Some solar rights laws date back to the 1970s, while other states have added similar measures more recently.

California’s law, first enacted in 1978, prevents homeowners associations from forcing residents to make aesthetic changes to photovoltaic panels that raise the cost by more than $2,000 or decrease a system’s efficiency more than 20 percent.

Most disputes in California are worked out privately, but a few have reached the court system. Last year, a California appellate court upheld a decision forcing a couple to remove solar panels that were installed in their yard without the approval of their homeowners association. They were allowed to keep other panels on their roof.

“They don’t like the way they look,” said attorney Michael McQueen, who represented the couple and others in similar disputes. “And (homeowners associations) are all about looks. Is your lawn green? Are your hedges trimmed?”

Ricardo Cestero, an attorney for the homeowners association, said neighborhood leaders were concerned the ground-level panels were not set back far enough from the street, were inadequately protected from damage and might cause erosion.

Texas adopted a law last year preventing homeowners associations from totally blocking solar panels. The law makes clear that residents can install them on roofs or in fenced-in yards or patios, subject to some limits. 

In Georgia, the fight between the Dobses and their homeowners association started in 2010. David Dobs said the rules required that he and his wife seek permission to build solar panels.

He first proposed installing 30 panels on two areas parallel to the slope of his roof. People could have seen sections of the three-by-five-feet panels as they walked or drove along the street.

The homeowners association rejected that request and three others from Dobs.

Board member Jim Graham said that to win approval, the panels would probably need to be out of view, perhaps mounted in a backyard and obscured by a fence — though fences too are subject to association approval.

Graham said that if people don’t like the rules, they are free to buy elsewhere.

“They chose to come into this community,” he said.

Lawmakers in Georgia tried to resolve the problem with legislation giving homeowners associations the rest of the year to decide whether to ban solar panels. Any neighborhood that did not set a ban by next year would be unable to stop a homeowner from installing solar panels in the future.

There were limits. Homeowners associations could restrict the panels to roofs or fenced-in backyards and patios. They could require that panels be installed parallel to the slope of a roof and ban any backyard solar equipment that rose higher than the surrounding fence.

Even in states that give homeowners the right to install solar panels, homeowners associations still ban them.

Neighborhood leaders in a Salem, Ore., subdivision rejected Larry Lohrman’s request to install solar panels on his roof because their rules banned the equipment, Lohrman said. He successfully argued that a 1979 solar rights law made that ban illegal, and he and a neighbor helped the association draft guidelines governing the installation of solar panels.

His panels were installed and started producing power in 2010, though Lohrman said he nearly abandoned the effort in frustration during the year it took to write the new guidelines for his homeowners association.

“They’re just afraid that someone’s going to put up this big, honking ugly thing that reflects light and just looks ugly,” he said. 

Associated Press reporter Kate Brumback contributed to this report. Follow Ray Henry on Twitter at http://www.twitter.com/rhenryAP

InfoTube thinks some logical thought should prevail on this issue.   On one hand, we want to encourage US independence from fossil fuels that harm our environment and fund terrorism.  On the other hand, homeowner association rules are in place to protect the beauty, value and function of a neighborhood..  Restrictions against solar panels are common in most associations and those rules were in place when the homes were initially purchased. 

Wrong Garden by James Dyson

Tuesday, April 24, 2012
posted by Tommi Crow

Industrial designer of Dyson vacuums created this illusion of water running upward.

To view a chart of how he did it…CLICK HERE

InfoTube.net can help you defy this real estate market.  Visit our website to learn how we have helped sell homes since 1988.

ALL HomeBuyers HATE Popcorn Ceilings

Wednesday, April 18, 2012
posted by Tommi Crow

   When trying to come up with a list of items that all homebuyers HATE..the first thing that came to my mind is Popcorn ceilings.   They scream dated.  They collect cobwebs, dust and dirt.  They are impossible to clean or paint.  And, if your home was built before the 1980’s, the popcorn may contain cancer causing asbestos.  (Asbestos was outlawed in 1977, but old supplies were used for years.) 

If you are selling your home, get rid of it….even though that is easier said than done.  If your home was built before 1980, you should first have the ceiling tested by a professional to see if it contains asbestos.  (Read the handout “Asbestos in Your Home“).   If asbestos is found, call a professional asbestos removal company to spray paint over it ($2-$6 a square foot), if it is in good shape.  Or, better, have the pro’s remove and properly dispose of it ($54-$64 a square foot).  Do not attempt to remove asbestos yourself!   There is a lethal reason it is a banned substance.                        

Whether the popcorn contains asbestos or doesn’t…removing popcorn ceilings is a messy, difficult and possibly expensive project.   Do it yourself with the proper gear, or expect to pay a painter about $2.50 a square foot to get rid of it, patch holes and repaint your ceiling.  

There are a few alternatives to sealing or removing popcorn ceilings.  You can opt to cover it up.   Depending on the architectural style of your home…you can consider installing beaded board or press tin ceiling tiles to hide the popcorn….forever.

If you are selling a home…get rid of the popcorn!!!  No one in the world likes popcorn ceilings…if you have them, you hate them, too.   Today’s buyers have so many choices, they won’t even consider a home with popcorn.  

Thank you for visiting InfoTube.net.  Please get rid of those dated, dirty, ugly and possibly dangerous ceilings today!!!    Popcorn is blowing your sale!

Click Here to Read What Buyers Hate Most…Second to Popcorn Ceilings

Rising Rents Push Homebuyers Into the Market

Tuesday, April 10, 2012
posted by Tommi Crow

Sharply rising rents are pushing buyers into the real estate market this spring. 

Rising Rents Push Fence Sitting Homebuyers

Take a minute to watch this short video from the Wall Street Journal.   From now on…fence sitting will cost you!!

Thank you for visiting InfoTube.net.  Please LIKE us on Facebook!!

A Green or Living Roof… is a concept that has been around for centuries and is becoming increasingly popular in the United States.    Cities such as Atlanta, Portland and Chicago now offer incentives to encourage builders to put green roof’s on their buildings.  The green roof on the Chicago City Hall (shown below) is one of the earliest and best known examples in the USA.

Why are Green Roofs Good for Man and Earth?

1.   Adding Green Roofs to Buildings in Urban Area’s has a dramatic effect on high temperatures, which are increasing.          A green roof can decrease cooling costs by 50-90% depending on the amount of glass used in the building.  On average, the use of green or living roof materials in cities can reduce overall summer temperatures by 4-7 degrees.   Imagine a July high temp of 82 vs 90.

2.  Living roofs dramatically reduce storewater runoff and they filter pollutants and heavy metals out of rainwater.                           They can retain up to 75% of rainfall and reduce the need for expensive underground sand filters that meet storm water regulations. 

3.  Green Roofs Filter pollution and carbon dioxide out of the air, which lowers respitory diseases such as asthma.  Check out the green walled homes built in Austria below.

4.   Living Roofs create a Natural Habitat for Birds, Bee’s, Butterflies and Insects in Urban and Rural Settings.  They increase our agricultural space and can be used to grow food, herbs, fruiting tree’s and shrubs.

5.  Green Roofs Require Little to No Maintenance…and Mowing can be fun :)

6.  Living Roofs dramatically improve a roof’s insulation value and cuts heating and cooling bills about 25% on average.  The roof’s also last two to three times as long as a standard asphault shingled roof.

Flower Tower Building – Paris, France

7.  Green Roof’s Increase Real Estate Values and Earn LEED’s points

The idea of Green roof’s may be centuries old..but in the 21st century they are becoming new again.  They increase life, and the beauty of it…in addition they make financial and environmental sense.  

Thank you for visiting InfoTube.net.   If you are installing or caring for a green roof…please send us your pictures or share you story with us.  We are always looking for new ways to improve quality of life and the value of real estate.

Big Tax Breaks for Real Estate Investors

Monday, March 26, 2012
posted by Tommi Crow

  With reduced home prices and interest rates near historic lows, affordability levels in early 2012 reached their highest point in 42 years according to the National Association of Realtors.

Not only are homes at record affordability levels, real estate ownership also opens the door to a wide variety of tax benefits and additional savings.

“A recent poll shows that 75 percent of likely voters think real estate tax deductions are appropriate and reasonable,” said Steve DiUbaldo, president of Atlantic & Pacific Real Estate, a full-service real estate brokerage with offices in 22 states. “People understand the value of owning a home and the role played by tax benefits. Combine today’s affordability levels with tax advantages and now is a very good time to consider both residential and investment real estate.”

So what are the biggest real estate tax breaks? For most owners and investors the list of major tax write-offs looks like this:

1. Property Taxes. Real estate owners can write off the cost of state and local property taxes. For many borrowers this deduction can reduce taxable income by thousands of dollars.

2. Mortgage Interest. The IRS defines a home mortgage as “any loan that is secured by your main home or second home. It includes first and second mortgages, home equity loans, and refinanced mortgages.”

Mortgage interest can generally be written off, but not always. The limitation for mortgage interest on a primary and secondary residence is a total of $1,000,000 for acquisition indebtedness and $100,000 for home equity indebtedness. There are lower limits for individuals and those who are married but filing separately.

3. The Standard Deduction. “Everyone is entitled to a standard deduction,” said DiUbaldo. “However, write-offs for mortgage interest, property taxes, mortgage insurance premiums and other costs generally allow real estate owners to justify itemizing expenses and thus larger write-offs.”

4. Mortgage Insurance Premiums. Mortgage insurance allows purchasers to buy with less than 20 percent down. Qualified borrowers can get FHA financing with 3.5 percent down, conventional loans can require as little as 5 percent down and VA purchasers can borrow with zero down. Closing costs are extra.

“In general,” says the IRS, “if you itemize deductions, you may deduct premiums paid for mortgage insurance provided by the Department of Veterans Affairs (VA), the Federal Housing Administration (FHA), the Rural Housing Service (Rural Housing), or private mortgage insurers in connection with a mortgage for the purchase of your main home.”

5. Points. A “point” is a fee to the lender equal to 1 percent of the mortgage amount. Borrowers often have the option of paying points at closing rather than a higher interest rate over the life of the loan. Whether it’s better to pay points or accept a higher interest rate depends on such issues as the interest rate, the number of points and how long the property will likely be held.

In general, a point paid at closing for acquisition financing is fully deductible in the year paid. If a point is paid to refinance a home, the point is deductible over the term of the mortgage, typically 1/30th per year.

6. Investors can claim Depreciation. Depreciation allows investors to take an additional tax deduction because a real estate “improvement” is believed to wear out over time and will need to be replaced.

“Depreciation is an accounting concept,” said Atlantic & Pacific Real Estate’s president. “The investor is not actually spending the cash represented by the ‘cost’ of depreciation and one result is that it’s possible to have an investment property which produces a positive cash flow that is partially or wholly not taxable currently. In certain instances, subject to individual taxpayer limitations, it is even possible to show a loss for tax purposes.”

7. Sale Profits. When a prime residence has been occupied for two of the past five years it’s probable that much or all of the profit will be sheltered from capital gains. With a joint return up to $500,000 can be protected, $250,000 for an individual owner. Example: You bought a home in 1990 for $100,000 and sell it in 2012 for $300,000. There’s a $200,000 long-term profit, none of which is taxed.

If you’re an investor, sale profits are taxed as long-term capital gains if the property has been owned for at least a year. That means long-term capital gains in 2012 are generally taxed at 15 percent.

8. Tax-deferred exchanges: The National Association of Realtors says investors purchased 23 percent of all existing home in January. One reason for such interest is that it’s possible to have tax-deferred real estate exchanges with investment property.

“You can swap one investment house for another, but you can also trade a rental house for a commercial property or a property with four units,” said DiUbaldo. “An exchange can allow an owner to defer capital gains taxes for years if not decades, and swaps are one of the reasons investors come to our website ( www.apreus.com ).”

The Bottom Line: Whether purchasing as an owner-occupant or as an investor, tax rules can powerfully impact the value of your real estate. For the latest information, details and deductions be sure to check with a local tax professional.

As always, we urge you to consult with your own independent Certified Public Accountant as to the appropriateness of any tax deductions for your specific circumstances.   Article by Market Watch.

Thank you for visiting InfoTube.net.  Visit our website for FREE home marketing tools, proven sales aids and MLS and Realtor.com listings

Okay, sure…  not ALL of the beds in these cities are infested.  But if you’re planning on hotel stays in any of these destinations, you might want to do an inspection around the headboards before you lay your body down.

Pest control corporation Rollins (which owns seven companies - including Orkin) reports a 34% rise in bed bug biz from 2010 to 2011.

Here’s the list, including the change from the previous year’s ranking:

1. Cincinnati
2. Chicago
3. Detroit (+1)
4. Denver (+2)
5. Los Angeles (+20)
6. Columbus, Ohio (-3)
7. Dallas/Fort Worth, Texas (+43)
8. Washington, D.C. (-3)
9. New York (-2)
10. Richmond/Petersburg, Va. (+6)
11. Houston (-1)
12. San Francisco/Oakland/San Jose, Calif. (+35)
13. Cleveland/Akron/Canton, Ohio (+1)
14. Boston (+4)
15. Dayton, Ohio (-7)
16. Las Vegas (-1)
17. Honolulu (+55)
18. Baltimore (-6)
19. Raleigh/Durham/Fayetteville, N.C. (+9)
20. Philadelphia (-9)
21. Atlanta (+24)
22. Lexington, Ky. (-13)
23. Syracuse, N.Y. (+25)
24. Miami/Fort Lauderdale, Fla. (+27)
25. Colorado Springs/Pueblo, Colo. (+19)
26. San Diego (+13)
27. Seattle/Tacoma, Wash. (-3)
28. Omaha, Neb. (-11)
29. Buffalo, N.Y. (-16)
30. Pittsburgh (-3)
31. Indianapolis (-12)
32. Milwaukee (+6)
33. Charlotte, N.C. (+13)
34. Phoenix (+19)
35. Louisville, Ky. (-3)
36. Hartford/New Haven, Conn. (-16)
37. Grand Junction/Montrose, Colo. (+30)
38. Knoxville, Tenn. (+4)
39. Grand Rapids/Kalamazoo/Battle Creek, Mich. (-17)
40. Nashville, Tenn. (+15)
41. Sacramento/Stockton/Modesto, Calif. (+24)
42. Des Moines/Ames, Iowa (-13)
43. Salisbury, Md. (+46)
44. Albany/Schenectady/Troy, N.Y. (-23)
45. Cedar Rapids/Waterloo, Iowa (-22)
46. Minneapolis/St. Paul, Minn. (-20)
47. Lincoln/Hastings/Kearney, Neb. (-17)
48. Salt Lake City (-8)
49. Charleston/Huntington, W.Va. (-13)
50. West Palm Beach/Ft. Pierce, Fla. (+6)

Read more: http://www.wwnc.com/pages/petekaliner.html#ixzz1pIaC7Ynm

Thank you for visiting InfoTube.net.   Visit our website to list property, search for a home, purchase an InfoTube or InfoBox or place a property listing on the MLS or Realtor.com.  If you have a home to sell….we can help and save you money!!

If you are one of the millions of Americans who would love to take advantage of record low home prices and record high levels of foreclosures, but your cash on hand is coming up  little short… consider using a portion of your IRA funds to buy a piece of rental property.

Millions of Americans have billions of dollars tied up in IRA’s that nay be paying little to no interest or gains to investors.  Maybe it’s time you considered diversifing from stocks or mutual funds… and add some tempting real estate bargains into the mix.

Here are the basic rules:

  • The funds used to buy the property must be held in a self directed IRA.  You can not use 401K funds or Roth IRA’s to buy real estate, but you can roll over those funds into an IRA before you buy.
  •  The property you buy must be an investment property.   You can not buy a second home or primary residence with IRA funds without paying a penalty.
  • You must pay cash for the investment property.  You can not borrow or take out a mortgage against your IRA investments.  
  • Monthly rental income must be placed back into the IRA account.
  • When the property is Sold…the sale proceeds must be deposited back into the IRA.
  • No taxes are due on rental income or capital gains held in the IRA, until the money is withdrawn at retirement age, so earnings grow tax free.
  • The IRA can pay all expenses associated managing and maintaining the property.
  • You can use a property manager or manage it yourself.

Real Estate IRA

Here is a simple example of how the investment could grow and fund your retirement.

  • You buy a $100,000 rental property with IRA funds.
  • You collect $10,000 a year in rent that is paid directly back into the IRA. 
  • After 10 years, the entire $100,000 you invested in the home has been paid back into the IRA.  Bonus, you still own the property and you can sell it anytime you chose and put the proceeds into your account, too.
  • You pay NO TAXES on income or capital gains until you withdraw money from the IRA.

Tax deferred gains

Buying a foreclosure with IRA money can be a great way to diversify your retirement portfolio and take advantage of historically cheap real estate prices and highly motivated sellers.  As with any tax related investment…ALWAYS consult your tax expert before investing.

Thank you for visiting InfoTube.net.  The spring home selling season is underway and it looks to be the best one in several years.  If you are in the market for home, this is a great time to be shopping.   Check out some of the great deals on our site…or place your property listing on our site for FREE.

If you are selling a home, we can set you up with an MLS listing and you can still sell the property yourself.  Click Here to learn more.

    

President Obama just announced a plan to help US families.  And, miraculously, he doesn’t need the approval of Congress to help us.

  • Obama promised relief to homeowners who are trapped in high rate loans by banks.  If a homeowner is current on their current high interest loan payment, they can not be turned down for a lower interest rate loan that reduces their monthly payment.
  • Obama will cut closing costs for loan refinancing on FHA loans to make refinancing affordable.  The average borrower will save at least $1000 a year in fee’s and charges, in addition to saving about half of the closing costs on the new loan.
  • Obama waives appraisal value as a criteria for refinancing a high rate loan.  In other words, your bank can no longer use an appraisal against you…no matter how much you owe on your current loan.
  • Obama promises to compensate all US Servicemen and Veterans who were foreclosed upon during their tour of duty.  All Veterans who attempted to refinance their home to avoid foreclosure, and were turned away by their lender…are entitled to full compensation for all penalites, fee’s and losses.

We applaude this action and feel that it is long overdue.  This is exactly the type of change that Americans, and the housing market, need to avoid further personal and financial losses.  There is no legimate reason for a bank, who received taxpayer handouts, to turn down a borrower who wants to benefit from low Fed bank rates.   If a borrower is able to afford a $1500 house payments at a 10% interest rate, then why would a lender turn them down for a loan payment of a $1000 per month at 4.5%?    The only answer is a unfortunately a common one…GREED.    Banks are closing ranks to protect their 10% rate of return from dropping to 4.5%, even though the Fed’s (ie: taxpayers) are giving them the money for nothing.

Thank you for visiting InfoTube.net.  If you have been turned down for refinancing…reapply today.  

Micro House Offers Big Living

Thursday, March 1, 2012
posted by Tommi Crow

We just love this smart, green designed, micro house that lives BIG.  

The architecture blends into the environment and requires no maintenance.

The bright, open and contemporary design offers everything you need in a guest house or secret hideaway.  

Thank you for visiting InfoTube.net.   Take a minute to search our database of Homes for Sale to see what surprises await for you.

Infotube LOVES smart and flexible housing like this worry-free, Fold and Go Writers cabin.

Fold down one wall to make it cozy..or fold down all four walls to become one with your surroundings. 

When the walls are lowered, they make a great ourdoor deck to set on and take in the starlit skies.  

Smart and worry free design inspires your artistic side.

Thank you for visiting InfoTube.net.  Search free, private website to find your dream writers cabin.

Home Buyers Move Back to Basics

Thursday, February 23, 2012
posted by Tommi Crow

                                                    Home Sellers take note:

When it comes down to chosing a home, buyers are going back to the basics.  Today’s buyers consider new or updated kitchens and bathrooms, and a flexible, open floor plan as the most important features they are looking for in a home.

A recent survey of hundreds of real estate agents reveal what features appeal to the broadest cross sections of buyers in the marketplace.

  • 33% of those surveyed said that a new or updated kitchen is the most important feature they are looking for.
  • 14% of purchasers said that an open floorplan is a must have. 
  • 12% are looking for homes with new or updated bathrooms.
  • Only 1% of buyers feel that entertainment rooms or finished basements are important home features.

Thank you for visiting InfoTube.net.  When you advertise, photograph and show your home, don’t forget to emphasize the “hot buttons” area’s that buyers are telling you they are looking for.

  A recent survey of hundreds of real estate agents uncovers the reasons some homes sell….and others languish on the market. 

Agents say that the majority of home sellers have gotten more “real” about their real estate in 2012.  More than half (51%) of sellers are willing to price their homes more competitively this year vs last.   And, nearly half (45%) are more willing to change the appearance of their homes to appeal to and entice buyers.   

What is the best use of a seller’s time and money?  De-clutter, de-personalize to make their home appeal to the broadest cross-section of potential buyers.

  • 94% of sellers are getting rid of clutter and making cosmetic updates.
  • 78% are willing to “de-personalize” their homes.
  • 59% are bringing in new home decorations or furniture to make their home updated and appealing.

De-personalizing and de-cluttering a home makes it easier for a buyer to imagine him or herself living in the property.   In order to sell your home in today’s competitive marketplace, it is crucial for seller’s to realize that the property is no longer their “home”…it is an expensive product that is For Sale.        

Always remove family photo’s and personal artwork.  They do nothing for the appeal of the home.  They simply distract a buyers focus and perhaps give the buyer too much information about the seller’s personal life.  Never good.

Thank you for visiting InfoTube.net.   5 FSBO houses on InfoTube.net SOLD this week.   Things are improving for those seller’s who work smart to attract buyers.   Visit our Facebook page for informative, fun and revealing news.

   Be inspired and create a modern, progressive space with Aspect decorative tiles — the radiant look of metal brought to life in an eco-friendly, affordable alternative to high-end installations.  The overall look?  Clean. Contemporary. Pure luxe. Shine on…with Aspect.

This striking backsplash or wall treatment provides high-tech sheen to a room, or if surrounded by softer textures, conveys luxurious sophistication. Tiles are 3″ x 6″ and are sold in eight-tile packs (enough for one square foot).

These peel and stick metal tile couldn’t be easier to install. Unlike traditional metal or ceramic tiles, with Aspect there’s no grout, glue or adhesive needed. You can literally peel the backing off the tiles and stick them to whatever surface you want.   An average homeowner can resurface their kitchen backsplash or fireplace surround in less than 2 hours, with tools you probably own.

The tiles come in 4 modern finishes, bronze, stainless, copper and champagne; tiles are made from 60% recycled material and 99% of the waste in the manufacturing process is recycled.  The company is LEED’s certified and products are Made in the USA.

Thank you for visiting InfoTube.net.   “Like” our InfoTube Facebook page and stay on top of up the minute news and new product idea’s that matter.