Wednesday, March 4, 2015

Carpe Diem- Thought leadership & March Real Estate Newsletter from your trusted advisor

 
March 2015
 
Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact me and allow me to help guide you through that process!
Ron Goldstein   |   Luxury Broker Associate
RGoldstein@koenigrubloff.com   |   3127717190
http://www.chicagoluxuryrealty.com
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LUXURY REDEFINED!

Lower the Latitude...Better the Attitude! Picture yourself collecting shells on Trip Advisor's BEST Beaches then coming to your affordable lifestyle or 2nd home in Tropical St. Pete to Sarasota. Colleagues: Happy to pay referrals!
http://stpeteluxuryrealty.blogspot.com/2015/02/lower-latitudebetter-attitude-picture.html
 
COSTS FOR FIRST TIME HOME BUYERS
Buying a new home can be a huge, complex undertaking, especially when it’s your first time. That’s why it’s important to have an experienced real estate agent guiding you along the way.
The biggest mistake new buyers can make is underestimating the costs of buying a house and maintaining it over time. Many experts agree that homeowners should have 1%-3% of their homes’ purchase price in savings for improvements and surprise expenses. It’s wise to have at least six mortgage payments in the bank after a closing. These estimates may not work for everyone, but if you are spending above your means on a new home, you may quickly find yourself in financial trouble.
Inspections are important for the first-time buyer, as they list repairs that will be needed for the home. A buyer should put together a short-term and long-term plan based on the inspection so they know how much money they will need in the months and years ahead.
Renters are accustomed to paying basic utilities. Homeowners, on the other hand, must also pay for water, sewer and trash collection—as well as property taxes, homeowner’s insurance, homeowner’s association dues, yard care, snow removal and other expenses unique to your location.
Buying a home is one of the largest investments you’ll make. Your real estate agent will help each step of the way, first helping you establish a realistic price point for your home purchase and a clear understanding of your monthly expenses.
SHOWING YOUR HOME
Don’t forget about the men when
showcasing your home.
When selling your home, it’s important to remember that your interior and exterior need to visually attract both male and female buyers. Read on to learn how to make your home universally appealing.
  • Professional home stagers: They consult with homeowners to sell their homes quickly and for the most money possible. They consider demographics, buying psychology, design elements and lighting.
  • Personal space: Men tend to gravitate towards rooms with gadgets and electronics. They appreciate open spaces and high ceilings—clean, streamlined rooms that men can easily walk through without obstructions.
  • Cater to interests: Men don’t generally prefer fancy or frilly. They want to watch the big game with buddies or relax after work.
  • Simplified color scheme: Don’t overwhelm any potential buyers with wild colors or furniture, even if you feel it makes your home “special.” Warm interior tones are generally preferred over cool tones.
  • Garage envy: Think about painted walls, clean floors and enough storage for various hobbies. A built-in workbench, organized shelving as well as clean, spacious areas for tools, equipment and maintenance supplies are a great draw.
  • The yard: A well-maintained lawn can really help boost your home’s appeal along with thick, healthy grass, minimal bushes to trim and easy-to-maintain flower beds.
Staging your home to visually appeal to men as well as women will ensure a better joint response from potential buyers.
HOMEBUYING
What a Buyer Should Expect
During the Closing.
The last step in the home buying process is commonly referred to as the closing. The close of escrow is when all steps—from acceptance, title search, inspection, mortgage approval, and so on— come together in a final transaction. Documents are ready to sign, the buyer is ready to hand over the purchase price and the seller is ready to transfer title. And most importantly, the keys!
It usually takes about an hour and may be attended by some or all of the parties involved: buyer, seller, real estate sales professional, attorney and title company representative. The buyer reviews and signs the loan and real estate documents and pays for the property, closing and other costs.
Assuming that the funds are in order, the deed is correct and the title is clear, the final step is the disbursement of funds to the seller. The title company should have the funds in its possession, but the buyer needs to bring a cashier’s or certified check for the down payment and the closing costs if it was not included in the mortgage loan. If the buyer’s annual real estate taxes and homeowner’s insurance will be paid through the lender, an escrow account will also be established.
Once all the papers are signed and funds are disbursed, the buyer receives the keys and is now a homeowner.
HOME IMPROVEMENT TIPS
Five tips to beautify the bath.
Updating a tired-looking bathroom is a great way to increase a home’s resale. The fixes don’t need to be costly or labor intensive:
  1. Beautify: Add decorative glass, stone tile or accents to make a bathroom stand out. Extra-wide wall tiles are popular and wood cabinets can be embellished with carved wooden inlays.
  2. Lighting: Add more lighting options around the room to reduce shadows and glare. Mood lighting around the tub area is also very popular.
  3. Bath/Shower: A new tub and a spa-like atmosphere can do wonders for a bathroom. Adding a massage element to the showerhead will appeal to buyers.
  4. Update Fixtures: Changing the fixtures in a bathroom can add a great deal. From cabinet handles to faucets, the addition of brushed nickel or other metals is always a huge hit. And if space permits, add a second sink.
  5. Think Green: Install fixtures that save water. A low-flow showerhead, low-flow faucet aerator and a dual-flush toilet can save thousands of gallons of water. Energy-efficient windows is another easy option.
A renovated bathroom offers an intimate, contemporary feel and is one of the things people will remember about a home.
 
 
 
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