I'm a southern boy living in beautiful Tallahassee Florida. My blog gives advice and tips about buying, selling or investing in real estate.
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Monday, December 31, 2012
Thursday, December 27, 2012
Three big myths about home buying
I’m
here to save you pain, buyers. There are myths about the home shopping
experience that must be addressed. I like to make the home buying experience as
stress-free as possible, so please hear me out on these three big myths about
home buying:
Myth #1: “That house has been on the market so long I
bet we can work the seller down easily.”
Not
necessarily. Exceptionally high days on market could mean almost anything. The
seller could be bullheaded about their price. The seller may not be
particularly motivated to sell for emotional or other personal reasons. Don’t
forget: A sales-weary seller isn’t likely to respond to your host of rational
reasons why their house should be a bargain.
Myth #2: “I want to look at foreclosed homes because
they’re a real bargain and the banks need to unload them.”
Banks,
like entrenched sellers, don’t always make decisions which seem rational based
on obvious information. You can have a hard time divining the reason a bank
chooses to reject an offer for a foreclosed or distressed property, and their
decision may be based on financials which seem counterintuitive. The truth is,
many distressed sales can be longer and more fraught than regular sales.
Myth #3: “I liked this house a lot, but with this
market, I bet it will still be there if I decide to buy it.”
It’s
very, very painful to see a client love a home but fail to make a move to
purchase that home. If you fell in love with it, why wouldn’t someone else?
Just because a property has been on the market a little while doesn’t mean it
will stay on the market. The bonus myth in this one? Your “perfect” home is
probably going to be a home with some small compromises. If you don’t make an
offer on a home, you’re effectively saying, “I’m comfortable losing this home.”
My
job as an agent is to represent your interests and do my best to protect you
along the way. If you’re pursuing a home purchase in the near future, please
get in touch. There are many other ways I can lower your stress and help you
find a great home:
Kevin Clark, CDPE
Realtor®
Keller Williams Realty Professionals NE
3696 North Federal Highway, Suite 101, Fort Lauderdale, FL 33308
Office: 954.630.7061 | Cell: 954.703.0353 | Fax: 888.236.3943 | kevin@kevinclarkrealty.com
Realtor®
Keller Williams Realty Professionals NE
3696 North Federal Highway, Suite 101, Fort Lauderdale, FL 33308
Office: 954.630.7061 | Cell: 954.703.0353 | Fax: 888.236.3943 | kevin@kevinclarkrealty.com
Referrals
are an important part of my business. If you or someone you know is in need of
real estate services, please give me a call.
Wednesday, December 19, 2012
Monday, November 12, 2012
Four Reasons Why Owners Sticking Around for a Showing/Open House is a Bad Idea
A
delicate subject I sometimes have to approach with clients selling their home
is the importance of steering clear of showings and open houses while
prospective buyers are touring their home.
It
can be touchy. After all, how do you kick someone out of their own house? Many
buyers are anxious about the showing and open house process. They feel the need
to hover in the wings, which I understand. There are several reasons why this
is not the best idea.
Four Reasons Why Owners Sticking Around for a
Showing/Open House is a Bad Idea:
1.
I’ve had experiences where prospective buyers have actually passed on a showing
once they’ve found out the current owners were home.
2.
It’s important that buyers be able to visualize the home as "theirs
already." They need to be able to imagine living in the house, which is
pretty tough to do with the owners making a sandwich in the kitchen.
3.
Presence of a seller makes the prospective buyer feel guilty for
"judging" the home. If the buyer isn't given free range to evaluate the
home, the doubt is enough to put them off the property entirely.
4.
If all goes well, the buyer may want to stay for a time at the house and chat
with the agent. This is a good sign (it means the buyer may be moving towards
an offer), but with the seller present, it's all but impossible.
I
try not to offend my clients when I ask them to understand these reasons. While
I empathize with the nervousness that accompanies the sales process, my goal is
the smooth sale of their home. A little space for the prospective buyers is an
important ingredient.
Stress-free
showings are just one part of my approach to marketing your home to sell. Get
in touch and I’d gladly show you what else I can do to get you top dollar for
your home:
Kevin Clark
954.703.0353
www.KevinClarkRealty.com
Thursday, November 8, 2012
Remember the Good Ol' Days?
Remember those days long, long ago when you could have one password for everything, and it was as simple as your kid’s name and birthday? (And you left it on a Post-It note stuck to your computer monitor?)
Well, those days are gone. Now you probably have a different password for almost every website you visit, and each of those sites has different rules for how long your password can be, and which characters you can use to make it.
A lot of time is wasted trying to remember (and then resetting) all of those forgotten passwords. Unfortunately, password security is vitally important. With bank accounts, medical information, and vital credit data just a username and password away from any computer, you absolutely must make strong passwords. Passwords aren’t guessed by human beings. They’re hacked by fast, sophisticated programs which can try millions of combinations almost instantly. (Did you know one of the most common passwords people use is actually... password?)
Here are two tools to help you create and remember strong passwords:
1. StrongPasswordGenerator.com - http://www.strongpasswordgenerator.comThis website uses JavaScript to automatically generate random passwords using length and character rules you can control. The passwords are generated right in your browser and are not tied or identified by your computer. You simply set the rules, click “Generate Strong Password” and the site gives you one you can copy/paste.
2. 1Password (https://agilebits.com/onepassword) & LastPass (http://www.lastpass.com)
1Password is an affordable software package that allows you to securely store and “automatically login” to websites using the passwords stored with your 1Password account. It works on iOS, Mac, and Android devices. It can also synchronize its database with Dropbox, meaning you can use 1Password securely on multiple computers. If you’re using Windows (or Mac, too), you should check out LastPass https://lastpass.com/index.php, which is free with an inexpensive premium option.
1Password is an affordable software package that allows you to securely store and “automatically login” to websites using the passwords stored with your 1Password account. It works on iOS, Mac, and Android devices. It can also synchronize its database with Dropbox, meaning you can use 1Password securely on multiple computers. If you’re using Windows (or Mac, too), you should check out LastPass https://lastpass.com/index.php, which is free with an inexpensive premium option.
Protect yourself and save time!
By the way, you can also use these password tools to login and search for properties on my website! www.KevinClarkRealty.com
Tuesday, November 6, 2012
Down Payment
Ready
to buy your first home? Have a down payment ready to go? Before you apply for
that mortgage, here’s something you should know about disclosing the source of
your down payment.
Q: Part of my down payment was a gift from my
parents. How will this impact my mortgage application?
A: It depends on the type of mortgage you’re applying
for.
You
should be prepared to explain your gift with documentation. While FHA loans
typically will permit a down payment from a family source, your more
conventional mortgage will expect at least 5% of the funds to have come from
you.
One
of the keys to ensuring this process goes smoothly is having documentation to
back up your claim. Bank statements showing the source of the money (and when
you received it) are a good place to start, along with a letter signed from
your generous benefactor declaring the gift.
As
a rule, you should be careful of any large deposits to your account (besides
your regular pay).
I
urge you to talk to a mortgage professional for complete details as they
pertain to your specific situation.
Need a
referral to a qualified mortgage broker? I’d be glad to share with you the
names of people I know and trust. Contact me today for a referral:
Thursday, October 25, 2012
Fed Renews Vow to Keep Rates Low
Fed Renews Vow to Keep Rates Low
Fed Renews Vow to Keep Rates Low
DAILY REAL ESTATE NEWS | THURSDAY, OCTOBER 25, 2012The Federal Reserve acknowledged Wednesday that segments of the economy are looking up, particularly housing and household spending. However, the Fed said it will continue to press forward with its stimulus campaign — which includes a move that is lowering mortgage rates — until the economy shows more growth.
At its latest meeting, the Fed renewed its vow to keep rates near zero until mid-2015. It will also continue to buy $40 billion in mortgage-backed debt each month, a program known as “QE3,” which has helped to push mortgage rates into record-low territory in recent weeks.
"The committee remains concerned that, without sufficient policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions," the Fed said in a statement.
The Fed said that unemployment still remains high at 7.8 percent, the “fiscal cliff” looms at the end of the year, the global economy is struggling, and the U.S. gross domestic product grew at an annual rate of only 1.3 percent in the second quarter.
Source: “Fed Pledges to Maintain Stimulus,” The New York Times (Oct. 24, 2012)
Read More
The 'Fiscal Cliff,' QE3, and the Future of Interest Rates
Wednesday, October 24, 2012
Sunday, July 29, 2012
8 Tips for Adding Curb Appeal and Value to Your Home
8 Tips for Adding Curb Appeal and Value to Your Home
By: Pat Curry
Published: February 18, 2011
Here are eight ways to help your home put its best face forward.
The way your house looks from the street--attractively landscaped and well-maintained--can add thousands to its value and cut the time it takes to sell. But which projects pump up curb appeal most? Some spit and polish goes a long way, and so does a dose of color.
Tip #1: Wash your house’s face
Before you scrape any paint or plant more azaleas, wash the dirt, mildew, and general grunge off the outside of your house. REALTORS® say washing a house can add $10,000 to $15,000 to the sale prices of some houses.A bucket of soapy water and a long-handled, soft-bristled brush can remove the dust and dirt that have splashed onto your wood, vinyl, metal, stucco, brick, and fiber cement siding. Power washers (rental: $75 per day) can reveal the true color of your flagstone walkways.
Wash your windows inside and out, swipe cobwebs from eaves, and hose down downspouts. Don’t forget your garage door, which was once bright white. If you can’t spray off the dirt, scrub it off with a solution of 1/2 cup trisodium phosphate—TSP, available at grocery stores, hardware stores, and home improvement centers—dissolved in 1 gallon of water.
You and a friend can make your house sparkle in a few weekends. A professional cleaning crew will cost hundreds--depending on the size of the house and number of windows--but will finish in a couple of days.
Tip #2: Freshen the paint job
The most commonly offered curb appeal advice from real estate pros and appraisers is to give the exterior of your home a good paint job. Buyers will instantly notice it, and appraisers will value it. Of course, painting is an expensive and time-consuming facelift. To paint a 3,000-square-foot home, figure on spending $375 to $600 on paint; $1,500 to $3,000 on labor.Your best bet is to match the paint you already have: Scrape off a little and ask your local paint store to match it. Resist the urge to make a statement with color. An appraiser will mark down the value of a house that’s painted a wildly different color from its competition.
Tip #3: Regard the roof
The condition of your roof is one of the first things buyers notice and appraisers assess. Missing, curled, or faded shingles add nothing to the look or value of your house. If your neighbors have maintained or replaced their roofs, yours will look especially shabby.You can pay for roof repairs now, or pay for them later in a lower appraisal; appraisers will mark down the value by the cost of the repair. According to Remodeling Magazine’s 2011-2012 Cost vs. Value Report, the average cost of a new asphalt shingle roof is about $21,200.
Some tired roofs look a lot better after you remove 25 years of dirt, moss, lichens, and algae. Don’t try cleaning your roof yourself: call a professional with the right tools and technique to clean it without damaging it. A 2,000 sq. ft. roof will take a day and $400 to $600 to clean professionally.
Tip #4: Neaten the yard
A well-manicured lawn, fresh mulch, and pruned shrubs boost the curb appeal of any home.Replace overgrown bushes with leafy plants and colorful annuals. Surround bushes and trees with dark or reddish-brown bark mulch, which gives a rich feel to the yard. Put a crisp edge on garden beds, pull weeds and invasive vines, and plant a few geraniums in pots.
Green up your grass with lawn food and water. Cover bare spots with seeds and sod, get rid of crab grass, and mow regularly.
Tip #5: Add a color splash
Even a little color attracts and pleases the eye of would-be buyers.Plant a tulip border in the fall that will bloom in the spring. Dig a flowerbed by the mailbox and plant some pansies. Place a brightly colored bench or Adirondack chair on the front porch. Get a little daring, and paint the front door red or blue.
These colorful touches won’t add to the value of our house: appraisers don’t give you extra points for a blue bench. But beautiful colors enhance curb appeal and help your house to sell faster.
Tip #6: Glam your mailbox
An upscale mailbox, architectural house numbers, or address plaques can make your house stand out.High-style die cast aluminum mailboxes range from $100 to $350. You can pick up a handsome, hand-painted mailbox for about $50. If you don’t buy new, at least give your old mailbox a facelift with paint and new house numbers.
These days, your local home improvement center or hardware stores has an impressive selection of decorative numbers. Architectural address plaques, which you tack to the house or plant in the yard, typically range from $80 to $200. Brass house numbers range from $3 to $11 each, depending on size and style.
Tip #7: Fence yourself in
A picket fence with a garden gate to frame the yard is an asset. Not only does it add visual punch to your property, appraisers will give extra value to a fence in good condition, although it has more impact in a family-oriented neighborhood than an upscale retirement community.Expect to pay $2,000 to $3,500 for a professionally installed gated picket fence 3 feet high and 100 feet long.
If you already have a fence, make sure it’s clean and in good condition. Replace broken gates and tighten loose latches.
Tip #8: Maintenance is a must
Nothing looks worse from the curb--and sets off subconscious alarms--like hanging gutters, missing bricks from the front steps, or peeling paint. Not only can these deferred maintenance items damage your home, but they can decrease the value of your house by 10%.Here are some maintenance chores that will dramatically help the look of your house.
- Refasten sagging gutters.
- Repoint bricks that have lost their mortar.
- Reseal cracked asphalt.
- Straighten shutters.
- Replace cracked windows.
Saturday, July 28, 2012
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