Have you wanted to have a notebook binder that is always at your fingertips with helpful tips, ideas and progress reports on those household projects?
Here is your answer. The NATIONAL ASSOCIATION OF REALTORS® have developed and rolled out a great homeowner website that has….
Improvement Ideas with How-To’s
Maintenance Suggestions
Tax & Incentives
Finances & Insurance
News & Activity
The HouseLogic [...]
CFR Market News
Volume 2 Issue 8 March 2010
Goodbye TO Winter,
Hello TO Spring!….
can’t come anytime too soon! Old Man Winter has been brutal. Most of us experienced a much colder than normal winter and in many cases whiter too. If you are thinking about selling your home, a key element to bringing people [...]
For many months I have been working with the Seller of this lovely very unique property sporting lots of features trying to find a buyer – but – it was difficult for potential buyers to get past the Seller’s personalized colors.
This home was built green in it’s day in 1991 with over 7 different species [...]
The clock is ticking for repeat buyers to take advantage and capitalize on the expanded Tax Credit. According to a RISMEDIA article dated January 23, 2010—By now it is well documented that today’s affordable housing prices, historically low interest rates and federal home buyer tax credit have combined to create one of the most [...]
CFR Market News
Volume 1 Issue 8 February 2010
HOMEBUYERS TAX CREDIT
Buy a Home &
You Get a Tax Break
Am I Eligible?
First-time homebuyers & existing homeowners who purchase a primary residence on or after April 9, 2008 and before April30, 2010 are eligible. If you (and your spouse, if married) have not owned a primary residence [...]
It is interesting to note as we begin a new decade how todays buyers are searching for property. According to a RISMEDIA article dated January 5, 2010—At the beginning of the 21st century, most home buyers had never viewed a home online; the three top home sale marketing methods were yard signs, newspaper ads [...]
This is the forth of four blogs on the Cents & Sensibility of the 2010 HOMEBUYER having to do with smaller and more energy-efficient homes.
It was reported in a RISMEDIA article dated January 22, 2010—Better Homes and Gardens recently revealed proprietary research and insights on what consumers are looking for in their next home and [...]
This is the third of four blogs on the Cents & Sensibility of the 2010 HOMEBUYER having to do with smaller and more energy-efficient homes.
It was reported in a RISMEDIA article dated January 22, 2010—Better Homes and Gardens recently revealed proprietary research and insights on what consumers are looking for in their next home and [...]
This is the second of four blogs on the Cents & Sensibility of the 2010 HOMEBUYER having to do with smaller and more energy-efficient homes.
It was reported in a RISMEDIA article dated January 22, 2010—Better Homes and Gardens recently revealed proprietary research and insights on what consumers are looking for in their next home and [...]
This is the first of four blogs on the Cents & Sensibility of the 2010 HOMEBUYER having to do with smaller and more energy-efficient homes.
It was reported in a RISMEDIA article dated January 22, 2010—Better Homes and Gardens recently revealed proprietary research and insights on what consumers are looking for in their next home and [...]
It was reported in a RISMEDIA article dated January 22, 2010—Better Homes and Gardens recently revealed proprietary research and insights on what consumers are looking for in their next home and overall priorities guiding current and future home improvement projects.
In a speech at the NAHB International Builders Show, Eliot Nusbaum, Better Homes and Gardens Executive [...]
The National Association of REALTORS produced this video explaining the different aspects of the new Good Faith Estimate & HUD-1 statement that went into effect January 1, 2010.
Click here to see the new forms from a previous post.
I found this article from RISMEDIA, dated January 7, 2010 having some good insites on the expanded homebuyer tax credit and how it could chase away the winter blues.
As we begin 2010, both real estate professionals and home buyers have something to look forward to and more importantly, take advantage of—the extended and expanded home [...]
In these challenging economic times we all could use a few simple tips to keep our appliances, electronics and kitchen gear running smoother longer. This RISMEDIA article dated January 16, 2010 gives some excellent suggestions on how to do a little preventative maintenance.
Taking the time to do a little preventative maintenance on household items is [...]
Recent changes to the American Recovery and reinvestment Act of 2009 have helped even more folks make their retirement and 2nd home dreams come true sooner than later! This exciting news comes at a time when many are already taking advantage of low home prices and the lowest interest rates in years. Even more reason [...]
More times than not I hear potential home buyers as they are walking through a home for the first time talk about how the home FEELS. To put the best face on a listing and appeal to buyers who follow feng shui principles, keep these tips in mind.
1. Pay special attention to the front door, [...]
Working with sellers who have some—but not unlimited—cash for upgrades? Here are budget-minded enhancements you can suggest to make their home stand out.
1. Tidy up kitchen cabinets.
“Potential buyers do open kitchen cabinets and look inside,” says Morrissey. “Home owners can add rollout organizing trays so when buyers peek in, they feel like there’s lots of [...]
As I was reading the e-newsletter sent by the internet provider here in Brevard, NC, Comporium, I ran across this simple but helpful tip for smooth surfing in the new year.
Helpful Tips For Smooth Surfing In The New Year
As 2009 comes to an end, we realize more and more individuals are utilizing their Internet [...]
YEA – Monday Morning – we had a closing – all was in place – the i’s dotted – the t’s crossed – everything in it’s place – BUT WAIT – The closing attorney had a software update preparing for the NEW HUD statements we are required to use beginning January 1, 2010. As all [...]
Beginning 01-01-2010 HUD requires lenders and mortgage brokers to give a borrower a standard Good Faith Estimate. From 1974, few changes have been made on the process borrowers use to buy & refinance homes. HUD’s reform will improve disclosure of the key loan terms and closing costs consumers pay when they buy or refinance their [...]
CFR Market News
Volume 1 Issue 7 December 2009
Waiting for Prices to Plummet on Homes for Sale May Be a Mistake
Article written by Jeff Launiere, P.A.,Agent in Tampa November 1, 2009
If you’re looking at homes for sale and want to buy a home but are waiting around for better prices, you might want to rethink your [...]
I was reading a RISMEDIA article dated December 10, 2009 talking about creating our own version of the Holiday Season and it struck me so I thought I would share it with you and hope you can relate & benefit. We all have from time to time experienced the stresses associated with the hustle & [...]
As I was sitting in front of my computer as I do 75% of my day working away trying to create this blog, I heard this low grinding noise coming forth from my laptop. Beads of virtual sweat covered by face as fear started to bubble up inside me. Then it hit me like a [...]
One of the most important aspects about selling a home is inviting the potential buyer to come into a room and engage. What is meant about engaging – inviting the buyer to picture themselves and their things in your space. This video shows how to take a home office and transforming it into a much [...]
With December right around the corner – the air is cool – Christmas decorations beginning to appear – excitement is in the air and Santa is making a list and checking it twice. So it is when buying property – having a check list to help prioritize the features you want in your new home.
Click [...]
In September I wrote about the effects of a recovering Real Estate market in Florida.
In a Nov. 14th article, RISMEDIA, it was written sales of existing single-family homes in Florida rose 33% in the third quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. [...]
I was stuck when viewing the video below how true the statement is “When you have a house for sale, You are selling space”. We all acquire many treasures through the years and furnish our homes for comfort not for show. We have lots of furniture so friends and family can gather and enjoy, we [...]
Were you on the fence deciding when to buy your retirement home in the Brevard NC Mountains?
NOW IS THE TIME!
With the Home Buyer Tax Credit extension’s new terms, it opens the door to current homeowners wanting to relocate.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or [...]
Sales Tax Holiday for Energy Efficient Appliances
Certain EnergyStar® certified appliances are exempt from the sales and use tax if purchased during the first weekend in November. Eligible appliances include:
clothes washers;
refrigerators and freezers;
central air conditioners and window air conditioners;
air-source or geothermal heat pumps;
ceiling fans;
dehumidifiers; and
programmable thermostats.
Solar Energy Systems Property Tax Abatement
Eighty percent of the appraised value [...]
Speaking of Real Estate:
Timely Insights & Observations
People, Ideas, Hardware
Brian Summerfield, Online Editor, REALTOR Magazine wrote of one of the most interesting and original thinkers of the 20th century a colonel in the U.S. Air Force that few people have heard of. John Boyd, a former fighter pilot who transformed into a military strategist later in [...]
The Senate voted Wednesday to renew the government’s $8,000 tax credit for first-time home buyers through the first six months of next year as part of a broader bill designed to extend unemployment benefits.
For the first time, the tax credit program would also enable many homeowners who buy a new primary residence to receive a [...]
Energy Pulse® 5th annual survey conducted by Shelton Group, found consumers is reverting to their old priorities as the recession wanes- perhaps at the expense of the environment.
504 Americans surveyed by telephone in September 2009, were asked, “Assuming you were suddenly given $10,000 to make home improvements, which two of the following would you choose?” [...]
In a statement issued by Harry Reid, the Senate Majority Leader has confirmed that the Congress might approve the extension of the $8,000 homebuyers credit tax scheme and unemployment benefits. The approval is expected to come through as soon as early next week. The scheme, the actual deadline of which was December 01, has been [...]
I found an interesting article published with RISMEDIA, September 19, 2009—Christine Van Tuyl and Margaret La Grange, an award-winning mother-daughter team with Prudential California Realty in Coronado, have compiled their latest list, the “Top Twelve Tips for Buying an Investment Property.”
“Real estate investors aren’t necessarily all-cash buyers with millions in the bank,” said Van Tuyl, [...]
In the typical residential real estate transaction, a buyer offers to purchase property from a seller. After negotiating the price and terms, the buyer and seller sign an offer to purchase and contract, and the buyer gives the seller (or the seller’s agent) an earnest money [...]
The best policy is to encourage the parties to sign the documents for themselves. If a document must be mailed to a party for signature, the signature should be acknowledged by a notary public to confirm authenticity.
When a party is unable to personally sign a document-the agent representing him should obtain the written permission of [...]
Here are 4 commonly asked questions and answers about Earnest Money Deposits from The North Carolina Real Estate Commission’s pamphlet Questions and Answers on Earnest Money Deposits.
Q: What is “earnest money?”
A: It is money you give to the seller (or the seller’s agent) to show your good faith when making an offer to purchase the [...]
ON-Line Real Estate Scams HIT Home!
As more & more of our day to day business move online, the cyberspace robbers follow right behind. Online crime can impact our finances, privacy, moral dignity, reputation, and even our pet dog’s privacy.
So it’s no surprise that fraudulent [...]
An article from the NY Times was emailed to me from a friend entitled “Fair Game – The Mortgage Machine Backfires” talking about a court decision in Kansas. Knowing my background in Mortgage banking, he thought I would find the article interesting. He was right – now the question I pose – how many of [...]
In elementary school (or grade school if you are my age) we were taught a picture is worth 1000 words – a true statement to an extent. We have all seen the McDonald’s ads showing the luscious Big Mac – purchased our very own and it didn’t look exactly like it did in the ad.
It [...]
Your offer is accepted – the inspections & repairs are complete – the mortgage is approved – you’re packed are ready to move and it is the day of closing. You have a closing time of 2pm and meeting with your REALTOR at noon at the new home to do your walk through. Be prepared [...]
Pest Control Operators and Reports
What should real estate consumers reasonably expect of North Carolina Pest Control Operators when they complete the standard “Wood-Destroying Insect Information Report”? This was the subject of a recent memorandum from the Structural Pest Control Division of the North Carolina Department of Agriculture which has been excerpted below:
PEST CONTROL OPERATORS
[...]
Florida Association of Realtors® recently took a look at some of the opportunities and positive indicators for the future of Florida’s real estate market. I decided to look at 4 of Florida’s market positives and how it directly benefits Brevard and Western NC market positives.
Florida – Great prices. Statewide, home prices have fallen about 20 [...]
On this rainy day – rainy week in the mountains – thinking of Light & Bright may help turn the falling rain into liquid sunshine. It is what makes the mountains lush and green, yet having grown up in Ohio where gloomy days were the norm and now living where we don’t normally have [...]
Remember the days when getting a mortgage was fairly cut and dry – 28 to 40% of your monthly income for housing and 36 to 50% for housing and debts. You had to pay your bills on time without late payments and the property needed to appraise for at least the purchase price. Today, what [...]
In our current Real Estate climate it is even more vital to have your home in show readiness. Good pictures, dynamic description, & global marketing is important. Yet as important is the continued process of making a house into a home in the eyes of a Buyer. There is a saying – Simple but NOT [...]
NAR 2009 Housing Pulse Survey
Survey Reveals Down Payment, Closing Costs Still Greatest Obstacles to Home Ownership
The telephone survey of 1,250 urban and suburban adults in the top 25 metropolitan statistical areas was conducted for NAR by American Strategies and Myers Research & Strategic Services for NAR’s Housing Opportunity Program.
Some key results include:
* Eight in [...]
A question asked again and again is “When is the Right Time to Buy a Home”. There is not a right or wrong answer to this question. Buying a home is the largest purchase most make in their lifetimes. The right time to buy a home will NOT be the same for every person. Here [...]
After hearing the ads about the Apple Festival, yesterday I decided to take a day off and attend. I called a friend and we set off to take in the sites, sounds, smells and excitement. Here are 5 ways we benefited from attending the Apple Festival.
28th Annual Gem & Mineral Spectacular – this was our [...]
As the Summer draws to an end and Fall right around the corner, I thought it would be good to see what the statistics are so far for 2009.
Released today by REUTERS was an article reporting on the Real Estate Confidence Index (RECI) survey for the month of August 2009. The RECI extended its upward [...]
This morning as we were milling around getting ready for the Brevard Board of REALTORS executive board meeting, Amy our EO received a message from one of our board members on her FaceBook page through her blackberry. Now this was interesting because she was standing face to face having conversation with the person who sent [...]
Yesterday I had the most incredible experience of hiking the Middle Prong of the Mountains-To-Sea Trail in the Pisgah National Forest. It is an unmarked wilderness trail riddled with blueberries and blackberries. The sound of silence was refreshing, renewing and inspiring. At times we forget the treasures we have in our own back yard. Below [...]
A tax credit is generally more valuable than an equivalent tax deduction because a tax credit reduces tax dollar-for-dollar, while a deduction only removes a percentage of the tax that is owed. Consumers can itemize purchases on their federal income tax form, which will lower the total amount of tax they owe the government.
In addition [...]
Transylvania County Schools opened its doors to returning students on Tuesday – Brevard College students came back on Sunday and engaged in community service projects. Classes begin today! The future of our nation is in the hands of our youth. It is so important that we give them every chance to succeed as they follow [...]
Title insurance protects the holder from any losses sustained from defects in the title. It’s required by most mortgage lenders. It protects your ownership right to your home, both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate [...]
Part of the fun of Downtown Brevard, NC is there is always
somewhere to go – someone to see – something to do!
Brevard’s 4th Friday Gallery Walk – August 28th beginning at 5PM
Enjoy an evening stroll [...]
As this is the time of year many young people get ready to head off to college I am reminded about the plethora of credit card offers thrown at our students without the parent’s knowledge. A notice in the school mail box, a free drink, a cool article of clothing, free tickets to a much [...]
A “Buyers Market” forces the market to move with more leverage on the
buyer’s side of the buy/sell scale.
Taking advantage of today’s Buyers Market is only relevant when the Buyer buys and buys right.
Here are some ways used by buyers in an effort to achieve their goal of buying and buying right.
Look for homes – listed [...]
You can’t see it – You can’t smell it – You can’t taste it – The sugeon General has listed Radon as a Class A carcinogen, which means that it is Cancer causing. Radon is the nation’s 2nd leading cause of lung cancer. Elevated levels of radon have been found in all types of homes: [...]
Sherwood Forest in Cedar Mountain NC is making local, national and even international news with their Llama Caddies. Aubrey Woodard, Diane Woodard’s husband, and granddaughter Alex was shown on NBC national news Sunday Night with the Llama Caddies. Here is an article about the Llama Caddies posted in The Hendersonville Times News Online:
The game [...]
Don’t travel for Labor Day – We have a great day planned – September 5th from 9 to 2 at the American Legion. Not just farm fair – 1st Annual Founders Day Celebration hosted by the Transylvania Heritage Museum. Also included are local producers of eggs, sausage, beef, produce, and much more. OH – don’t [...]
The question came up today working with a buyer. A buyer decides they love a home and makes an Offer to Purchase.
According to the NC Real Estate Commission, now suppose that the seller rejects the buyer’s offer but makes a written, signed counteroffer. To accept the seller’s counteroffer, the buyer must do two things: (1) [...]
Improve Energy Efficiency
by Offering Carrots, Not Sticks,
Say Realtors®
Washington, June 11, 2009
Improving the energy efficiency of the nation’s homes and buildings can be best accomplished with incentives and education, according to the National Association of Realtors® through the approach and overarching goals behind the Green Resources for Energy Efficient Neighborhoods (GREEN) Act, H.R. 2336.
H.R. [...]
I received an email today saying the following:
“I am pleased to announce that Connestee Falls Realty has been selected for the 2009 Best of Brevard Award in the Real Estate Agents category by the US Commerce Association”.
As you can imagine I was flattered & elated- but then I thought why [...]
Anyone with more than 10 years experience in buying & selling homes realizes the SO CALLED tightening down of the underwriting guidelines followed by conventional lenders is getting back to basics. Up until the last few years, borrowers had to have a 2 year work history MAKING money no matter their credit score. I found [...]
GOOD NEWS – Pending Sales are up -
CAUTIOUS NEWS – delays in the number of contracts that go to closing due to the application of new appraisal rules.
NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth, said the appraisal issue is complicated. “We see that distressed homes often are selling [...]
The Role the Internet Plays
in Buying/Selling Real Estate
2008 National Association of Realtors®
Profile of Home Buyers and Sellers
Shows What Buyers Do
* 35 percent drove by the home
* 29 percent walked through the home
* 12 percent found a REALTOR®
* 11 percent requested more information
* 4 percent got pre-qualified for a mortgage
* 3 percent applied for a [...]
Buyer’s Market ~ Seller’s Market
“I-need-a-REALTOR®”
Mortgage rates are low, customers want to buy, but confidence in the marketplace across the county is at its all time lowest point. Yet, market values in WNC are holding with just a slight decrease and our area is where many who dream of living in the Blue Ridge Mountains [...]
As stated in the Transylvania Times, 28 to 50% of teens are not graduating from high school on time, or at all. Almost 10% of teens are currently using drugs – but the Boys and Girls Club of Transylvania County is celebrating.
Drawn to the North Carolina mountains, boomers offer considerable potential for business growth and economic development. Those with relatively good health, financial stability, and an active lifestyle contribute to the vitality of the community and consume local goods and services.