Archive for the ‘Real Estate’ Category

Just Say No To Wallpaper

Monday, September 14th, 2009

One of the things that can turn off buyer’s, stop a sale or detract from a properties resale value is Wallpaper.   Why don’t buyer’s like wallpaper??  First, it is usually a real pain to take down.  Secondly, it is very taste specific.  There is obviously no “standard” or ”popular type” of wallpaper, because there seems to be endless supply and I have never seen the exact same wallpaper, twice.  Meaning, the odds of being hit by lightning are probably greater than 2 people liking the same paper.

If you plan to stay in your home a while and you want some wallpaper in your house, well, it is your house.  But, please, go sparingly. Avoid busy, colorful and loud types. And, please don’t forget to “size” the wall before you apply it, or you won’t get it off without destroying the wall surface underneath.

Tip for HomeSeller’s:   But, if you are trying to sell your home, without success, and it has a lot of wallpaper or busy, dated wallpaper, you can do yourself a big favor by pulling it down and applying a fresh coat of neutral paint.   A crisp, freshly painted room never turns off buyers. 

 The same can never be said about wallpaper.    Thank you for visiting InfoTube.net FREE homes for sale and rent website.  We have been helping seller’s and buyer’s connect since 1988.  We can help you, too.

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Players Develop Skyscrapers in New Monopoly Game

Thursday, September 10th, 2009

Hasbro has a new edition of Monopoly for players who fantasize about having clout, women and power like Donald Trump.  The new Monopoly City, released as a board game, and Monopoly City Streets, an online game version, packs in the fun and gives players $3 million to buy streets, instead of tiny houses.  

Although the addictiveness of the game is the same as the original, you will experience some big, exciting changes.  If you are usually the Monopoly banker, you will certainly feel the effect of inflation, as you dole out $10,000 bills instead of $1 bills.  Also new, forget about feeling smug with your little hotel on Boardwalk, players in this high stakes game race to buy skyscrapers, stadiums, wind farms, sewage plants and garbage dumps.  And, not only can players collect hefty rents, they can bulldoze property and sabotage buildings to bring their values down. 

For those of us questioning why Hasbro would release the game in the midst of an economic crisis, the company reports that the game was in development before the melt down began.  And, ironically, the original Monopoly became popular with would-be tycoons during another economic crisis– The Great Depression, when Parker Brothers acquired it in 1935.  

Present real estate crash aside, Donetta Allen, spokeswoman for Hasbro, has this to say about the widely popular game ”It’s about the dream.  Monopoly has always been about that - the aspiration, I can’t do it in real life.  I want to do it on the board game.”  

There is one BIG difference between Monopoly City game and developing property in real life…. there’s no creative financing.  The game is cash only.  No debt.  No mortgage backed securities.  No credit default swaps.  Sorry, Trump.

Thank you for visiting InfoTube.net, a FREE Homes for Sale or Rent website.  Hint for holiday shoppers… Monopoly City is on my Christmas wishlist (:

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Reface or Tile Over an Ugly Fireplace

Wednesday, September 9th, 2009

A fireplace can be a huge selling point for any home or an eyesore that detracts from the room.  If the fireplace in your home is out dated or just plain ugly, you can transform it into a sexy, focal point without spending a lot of money.

Take a look at this brick fireplace.  It is a fireplace, but it is doubtful that buyers would conjure images of sipping wine by a roaring fire, in its present condition.

Now, take a look at the transformation, after engineered stone was applied over the old brick and a mantle was added.  The fireplace morphs from an eyesore into a floor to ceiling, hearthwarming focal point

In another example, this unattractive, dated fireplace with painted brick got a great makeover.  The homeowner correctly felt the fireplace was out of proportion, due to the narrow sides and tall top.  The mantle was also too small.

The After.  The budget minded homeowner added an “in stock” simple mantel and pilasters from a do-it-yourself center.  The design updated the fireplace, hid most of the outdated, painted over brick and brought the fireplace into correct proportion for under $750.

If your fireplace detracts from your home, get your creative genius in gear and simply cover it up.  Examples of “coverup” materials that are inexpensive and easy to work with are tile, manufactured stone, granite, marble or wood.  Sometimes even painting over old, ugly brick will make a huge improvement. 

Thank you for visiting InfoTube.net.  We love before and after pictures that we can share with our readers.  If you have completed a project and want a pat on the back, email photo’s to tommi@infotube.net

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Pleco Fish Eat Algae in Abandoned Swimming Pools

Tuesday, September 8th, 2009

The large number of foreclosed homes have become a blight on the residential landscape.   But, swimming pools in abandoned, foreclosed homes, with no electricity, pose special problems.   Swimming pools become stagnate and unsantitary due to a lack of chemicals, then quickly grow thick with algae that is unsightly, and expensive to get rid of.

Enter the pleco algae eating fish, which are commonly found and abundant in fresh water lakes.   Only 15 pleco fish, placed in an abandoned pool, quickly eat away the algae and keep it away.

The environmentally smart solution leaves pools more sanitary, makes the homes more attractive to prospective home buyer’s and saves thousands of dollars in upkeep.   After the new owner moves in, they can return the fish to the lake or leave them in the pool for backyard fishing fun.

Thank you for visiting InfoTube.net homes for sale and rent complimentary website.  Search for some great deals or post your property for more exposure.  It’s FREE!!

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Update the Front Porch Light

Thursday, September 3rd, 2009

If the light fixtures by your front door are over 10 years old, you need to update them.   New outdoor fixtures are very inexpensive ($50) and they can be installed by any homeowner in less than 15 minutes.  Just make sure to cut off the power before taking the old fixture down.

Your home will not get a second chance to make a good first impression on homebuyers.   Any money you spend on staging and updating your entry will be money well spent.

Thank you for visiting InfoTube.net.  We have been helping buyers and sellers market their properties since 1989, and we can help you, too.

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Bed Bugs are New Housing Scare

Tuesday, September 1st, 2009

I’m sure we’ve all heard our parents warn, “and, don’t let the bed bugs bite”, as we toddled off to bed…but most of us have never considered that bed bugs were real pests, because most of us have never seen a bed bug.  

As creepy as it is, Bed Bugs are real and they are back with a vengence.  The use of DDT eradicated bed bugs more than 50 years ago, which explains why most of us have never seen one.   Today, exterminators use roach traps, instead of insecticide sprays, which do not wipe out the bed bugs along with the roaches.  So, the tiny bed bug is making a resurgence in a big way.

How Can You Find Bed Bugs before You’re Eaten?  READ MORE…..

Thank you for visiting InfoTube.net homes for sale and rent website.  Search our site for great deals without deadlinks or popups.  Or, reach thousands of home shoppers and place a FREE property listing on the site today! 

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New Wave of Foreclosures Coming

Monday, August 31st, 2009

Bank of America, along with other lenders, report that a huge wave of new foreclosures will flood the market, once again.  The second wave in foreclosures is due to the slowing of the loan modification program and the new release of properties that the banks have been holding.

Currently, 1.5 million homes are in foreclosure.  More Worrisome…an additional 3.5 - 4 Million home loans are “Seriously” delinquent or are in default.   Many of these loans are newer, high quality loans that have fallen into trouble due to job losses.  Job losses mean no income, so modifying or saving the loan is not an option for these homeowners.

Buyer Alert:  The $8000 Tax Credit for Buying a Home Expires in Only 90 Days.  If your loan does not close on or before November 30, 2009, you lose $8000 Grand.  Period.   With loans currently taking 90 or more days to close, you must buy a home now, in order to qualify.

Thank you for visiting InfoTube.net.  We have been in the business of helping buyers and sellers for 20 years.  We can help you, too.

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5 Tips for Smarter Home Buying

Thursday, August 27th, 2009

Record low interest rates, combined with deeply discounted home prices, have bottom fishers swimming frantically, in search of the perfect deal on the perfect home.  But, before you strike, beware.  Read our 5 Tips to Avoid Getting Hooked in a bad way.

  1. 1.  Think Long Term:  This is a market for smart bottom fishers, not flippers.  In this market, our advice is that you should plan to buy a home to live in, then hold it for 3-5 years, at the minimum.  Our reasoning, first, prices have not fully stabilized at these levels.  Secondly, there is no indication that prices will rise any time soon.  Last of all, we are still facing a rise in foreclosures in 2010, which will keep downward pressure on the market. 
  2. It’s All About the Local Market:  We have all heard the golden rule of successful real estate investing…Location, Location, Location.  In other words, if you have a choice between a bigger home in an ‘iffy’ area, or a smaller home in a better one, always pick the the Good Location.  Remember, when comparing locations, real estate markets are entirely a Local matter.  There are big differences within neighborhoods, zipcodes, school systems and suburban towns.  Focus on the hottest area’s and the ones that are conveniently located near major employment centers.  In rough sea’s, these area’s will always rebound the fastest and appreciate the most. 
  3. Be Wary of Foreclosures:  While some foreclosures may be a great buy, many of these properties are “cheap” for good reasons.  Many of the homes weren’t great to begin with and most have been terribly neglected.   Carefully look for mold, water penetration, structural problems, missing appliances, soiled carpets and flooring underlayments, broken windows and glass, strange odors and any evidence of illegal drug trade.  Also, never get emotionally attached to a foreclosure home.  Banks are notoriously hard to deal with and they can take forever to respond to offers.  Some buyer’s report a wait of several months before the bank approved an offer, or not.
  4. Get Pre-Qualified for a Loan:  Submit your letter of loan approval with any offer you make on a home.  Banks always require a letter of pre-qualification before considering a bid, as will any serious seller.  With proof of funds in hand, you will be taken much more seriously by all seller’s, and you will in the end, get a much better deal on the house.   Getting Pre-Approved for financing is no lose proposition.
  5. Don’t Take Chances.  Buyer’s are in the drivers seat and a lot of great values are available, but please don’t overspend.  The job market and general ecomony are uncertain.  Make sure you can afford the property, even if you find yourself in a bad or unexpected situation.  Even the perfect property can turn into a nightmare, if you can’t reasonably afford it. 

Thank you for visiting InfoTube.net homes for sale and rent website.  Property Owners can place free listings on InfoTube.net.  Buyers can search the site in complete privacy (no registration) for great deals seen no where else without pesky popups and dead links.

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Cash for Refrigerators Program

Wednesday, August 26th, 2009

Cash for Refrigerators.  $300 million dollars of stimulus money has been set aside for consumer’s who purchase new, energy saving appliances.   Rebates of $50.00-$200.00 will be available in October on purchases of refrigerators, dishwashers, washing machines and air conditioners.

Program Eligibility:

  1. To qualify, the consumer must purchase appliances with an Energy Star designation.
  2. You don’t have to “trash” your old appliance to qualify.
  3. States must apply to the program before October 15, 2009

Pro’s:

  1. Upgrading to an Energy Star rated appliance saves a family $50-$150 per year in utility costs.
  2. Rebates will ease the transition into new efficient appliances and help some consumers avoid going into debt in order to upgrade.
  3. Could provide a boost to the beleaguered appliance and home improvement industries who are suffering in the bad economy.
  4. Helps the environment.

Con’s:

  1. No plan for the Trashed Appliances.  Currently there is no plan for proper disposal for the trashed appliances.  Old appliances can be donated or resold, which will not help the environment.
  2. If we can’t find a way to recycle old appliances, the program will add more trash to the planet.

Tips for Consumers:

  1. Most retailers will haul away your old appliances, when you purchase a new one.   Ask the retailer what happens to the old one, after they pick it up.   Buy only from retailers who can prove that they recycle or destroy the old appliances.
  2. Use a Good Recycler to Take the Appliance Away.  Good recyclers will capture all coolants in the units which cause serious harm to the environment.  In addition, they will recycle all the metal and foam contained in the old unit.
  3. GE and KitchenAid are offering additional manufacturer rebates on Energy Star Rated appliances now.  Click on the company name for details.

Thank you for visiting InfoTube.net.  We hope that Cash for Refrigerators is as successful as Cash for Clunkers.  If you have been waiting to update your appliances, October will be an excellent time.

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Understanding Closing and Title Costs

Tuesday, August 25th, 2009

For a fun, quick explanation about what closing and title costs are, and how the system of buying and selling a property work, watch this entertaining 2 minute video.

Thank you for visiting InfoTube.net.  Search our database of homes for sale and rent for some great deals seen no where else on the web.

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How to Handle a Low Appraisal

Thursday, August 20th, 2009

Low Appraisals and Appraisal problems are causing a lot of headaches for sellers, buyers and agents.  For a look at one customer’s problem with an appraisal and some practical solutions to solve the matter, CLICK HERE.

Thank you for visiting InfoTube.net.  We invite you to place a Free Property Listing or Search for some great deals on our site.  We have listings seen no where else and we have NO dead links or come on ad’s.

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Trends in Housing Have Changed, Permanently

Tuesday, August 18th, 2009

It seems everyone these days is looking for a bottom in the housing market, or a sign of normalcy, as we’ve known it.  The truth may be that housing will never return to what normal has been in the past.   The reason isn’t the just the economy or tighter lending standards, it’s may be simple demographics.

Please consider why trends in housing may have changed, Permanently.

  1. Baby Boomers:  The baby boomers (born 1946-1964) are the largest and spendiest generation in American history, and their 40 year shopping spree is coming to an end.  
  2. McMansion Glut:  Boomers are buying fewer single family homes and they are getting rid of the suburban McMansions they purchased when their children lived at home.  Evidence already shows that boomers favor 2 and 3 bedroom condo’s over 4 or 5 bedroom houses.   The Boomer trend to a smaller house, combined with fears of gas prices and long commutes, mean that the big house in the burbs is not the ideal dream house or location that is has been in the past.
  3. Baby Boomers, Again:  Boomers are reorganizing their finances.  After the stock market crash, and with retirement approaching, fewer boomers will be purchasing vacation and second homes. 
  4. Generation X:  The generation born between 1965-1976 will be unlikely to bid up home prices.  First, there are only 44 million X’ers compared to 76 million boomers.   Secondly, they are not as wealthy as their parents, and they are deeper in debt, due in part to college loans. 
  5. Migration Back to City Life:  Due to our aging population, smaller family size and energy costs, people are returning to urban area’s that have not been overbuilt and offer quality of lifestyle. 
  6. Permanent Changes:  The days of buying a huge home on a big lot, and paying for it with a 2 hour commute, may be ending.  This trend could mean that owners in McMansion communities, with little to no public transportation, will havetrouble finding buyers.   Some people predict that the large, single family homes, located miles from urban centers, will be subdivided into inexpensive housing for low and moderate income families, as the car lovers who moved to the burbs return back to the convenience of city life.

One thing that is certain is that change happens.  As environmental, economic, political and cultural forces change the way we live, our view of residential home investing will change, too.

Thank you for visiting InfoTube.net homes for sale and rent website.  We invite you to place a FREE home listing on our site or search for your dream home in complete privacy.   Click on our RSS feed to stay current on our articles about real estate and if you have a comment or question, please click the link below.

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Home Insulating Paint Additive

Monday, August 17th, 2009

Green News Alert:  A new paint additive, Insuladd, developed by the government, cuts energy costs and reduces mold and mildew.

Insuladd insulating paint additive increases the “Mean Radiant Temperature” of any home or office and provides energy savings by reflecting and dissipating heat.   Reports show an average decrease in utility bills of 20 percent (and, as high as 40 percent for in some homes) after a home or building has been painted with the additive.  

Product Features:

  • Increase the R value by making paint insulating.
  • It is safe and non-toxic
  • It can be applied to roofs, walls and ceilings.  Interior or exterior.
  • It works in hot or cold climates.
  • Reduced heating and cooling costs, while increasing comfort.
  • It prevents mold and mildew by blocking moisture and condensation.
  • It can be added to any house paint.
  • Can be used for all residential or commercial paint applications

Tips for Using the Product:

  • Add the mixture to your paint, then stir throughly before applying.
  • If you want a satin or gloss finish, add Insuladd to the primer coat and first coat.  Apply a finish coat without the additive.
  • If you want a high gloss coat on trim, don’t use the additive.
  • Insuladd will leave a very slight texture to the walls that can be felt, but usually isn’t visable.  It may hide cosmetic defects such as gouges, dents and surface imperfections if 2 coats are applied.
  • Insuladd is ideal for light colored paints and you will notice no change in the color of your paint.
  • If you are using a dark paint, Insuladd may lighten the color by up to one shade.   If this is a problem, tint the paint one shade darker at purchase.
  • Don’t pour the mixture into a one gallon paint can to avoid overflow.  The additive will overfill a full gallon of paint.  Pour the paint into a 5 gallon can, add additive and mix.  Left over paint with additive can be stored in the original container for touch ups.

Paint, insulate, save money on energy bills, increase the comfort of your living space, prevent mold and mildew.  What’s not to love.

Thank you for visiting InfoTube.net.  We have been helping home sellers since 1988 and we can help you too.  Check out all the freebies on our site.

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Tip for Faster Closings

Friday, August 14th, 2009

If you are selling a home that qualifies for FHA financing, you are required to complete a Transfer Disclosure Statement (TDS), before the buyer’s loan can close.  With closings taking up to 90 days to happen, it is imperitive that you don’t hold up your sale.   See the criteria below to determine if you need to complete this form.

  1. If the home qualifies for FHA financing, and you occupy the home, you MUST complete this form in order to sell your property.
  2. If you are advertising your home as a “short sell” and live in the home, you MUST complete this form in order to sell your property.
  3. For those homes listed by an agent or broker, the agent only has to request the form from the seller 3 times and they are off the hook.
  4. This form is not required for non-owner occupied housing (ie: foreclosures and bank owned).

With the first time buyer tax credit expiring in a couple of months, you don’t want to lose a sale because you have not completed this simple form.  Make sure you complete it and provide it to all buyer’s.

Thank you for visiting InfoTube.net.  We are here to help you buy and sell real estate.  Post a Free Ad on our website or Search our database, in complete privacy, for some great deals on houses.  Home sales are definitely picking up, don’t let the end of the selling season pass you by.   Have a great weekend and happy selling!!

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Check out HGTV’s Real Estate Intervention

Wednesday, August 12th, 2009

 

I have been watching HGTV’s “Real Estate Intervention” for a few weeks now.  As a real estate professional for the last 25 years, I give this program a Big 2 Thumbs up!!  If you are buying or selling real estate, this program is a must see.   Check it out on Thursday nights at 10:30E/9:30C on HGTV. 

The HGTV Synoposis of the Show is:   In this current real estate market, pricing is everything. And the best way to really find out how much your house is worth is to check out the competition. Real Estate Intervention takes motivated sellers on a tour of other listings in the same area and same price range. They’ll get to see firsthand who their competition is and whether they’ve priced their house right. Does the competition have better closets? Granite counters? A bigger backyard? Which home is the best value for the dollar? We’ll help them determine the best way to get top dollar — and in the end we’ll see which home sells first!

Bonus:  Do you want to be on TV???  If you are confused about how to price or market your home and want objective advise, can contact HGTV and be on the show.  Click this link to contact HGTV. and tell them InfoTube.net sent you.

Thank you for visiting InfoTube.net.  We are here to help you buy and sell real estate.   If you like what we do and you want to receive updates about our short, informative articles, click on the RSS feed on the right hand side of the page.

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