Archive for the ‘ Buying or Selling a Home ’ Category

Smartphone Apps Every New Homeowner Should Have

Smartphone applications are meant to help us better manage our lives, and our home lives are no exception. As a new homeowner, you’ll be extra busy moving in, getting organized, and fixing up and decorating your new space. Try using some of these homeowner phone apps to help streamline the moving process and to manage your new household by keeping on top of organization, home maintenance, and design ideas.

Apps for moving:

Moving Van by Glimmer Design Limited. Get organized before your move and help make the moving process seamless with Moving Van. This application lets you take a picture of the contents of each box and assign that box to a room in the new house, allowing users to easily look up and locate each item they’re looking for after the move. This app works equally well for locating items in storage and well-packed closets or garages. Available for iOS only.

Moving Van by Glimmer Design Limited

Photo Measures Lite by Big Blue Pixel. This application uses photos to record measurements of spaces around the home. Simply snap a picture and then record the measurements you need right on top of the photo. Use your measurements to see if furniture will fit into the intended spaces, to order supplies for home improvement and repair projects, or to calculate and record the square footage of spaces. While this app was developed for iOS, there a similar app was created for Android by Mobile Software called My Measures and Dimensions Lite.

Photo Measures Lite by Big Blue Pixel

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Posted by: Guest Contributor on November 5th, 2012 under Buying or Selling a Home


Newspapers Don’t Sell Homes

I was in Panera Bread the other day for lunch and overheard a conversation from the neighboring table. One lady mentioned how she just listed her house for sale. Her friend eventually asked, “What made you go with that (real estate) company?” The lady said, “They do the most advertising in the newspaper.” Although not surprised, I did find this amusing.

Many people are still under the impression that newspaper and other forms of print advertising are effective or even necessary in the sale of a home. I can tell you with 100% certainty that print advertising is NOT necessary to sell a home.

A Good Example

One of my agents just sold this wonderful home at 5318 Avenida Del Mare on Siesta Key, Florida. We didn’t need to do any print advertising to get this home sold. This home sold for the following reasons:

  • We mobilized the Realtor community and made them aware of this home via the Multiple Listing Service (MLS).
  • We found the right asking price to get buyers interested.
  • The listing and selling Realtors worked diligently to get the transaction closed.
  • Our marketing plan was more thorough than what is listed above. However, at the end of the day the MLS, the right price and good Realtors are what got the job done.

Where Do Buyers Look For Homes?

Of course newspapers generate buyer calls and thus ultimately causes some properties to sell. However, it is probably not as much as you think.

The National Association of Realtors compiles data every year and issues a Profile of Home Buyers and Sellers. This report is recognized by most as the best compilation of data on today’s buyers and sellers because of the enormous amount of data available at NAR’s fingertips.

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Posted by: Marc Rasmussen on September 26th, 2012 under Buying or Selling a Home


Take the Stress Out of a Distressed Property

There are some fantastic real estate deals on the market right now. From properties in various stages of foreclosure to bank-owned property, you have a great opportunity to get the home you want at a bargain price. But what about those holes in the wall and that pet stained carpet? Looking past these stressful items can help you reap huge benefits financially.

Over the past several years we have seen huge numbers of distressed sales. According to RealtyTrac, 23% of all U.S. home sales in 2011 were in some stage of foreclosure. So nearly one in every four homes sold in 2011 was a distress sale. Couple this with the fact that these distressed homes sell at a significant discount to the non-distress sales (40% discount for bank-owned homes), there is a huge opportunity for buyers.

Along with the big discounts on distressed property typically comes evidence of neglect. The home may have sat empty for an extended period of time or the previous owner may have stopped caring when the bank started getting nasty with them. Whatever the case, these deals typically come with issues. So how do you get past these items to realize your dreams? My wife and I purchased a bank owned property last year…so here is my checklist, as a builder that just went through the process, for evaluating potential properties.
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Posted by: Michael Luckado on March 5th, 2012 under Buying or Selling a Home, Short Sales and Foreclosures


Buying the Land for Your Future Dream Home

With the real estate market at or near the bottom, now may be the perfect time to buy the land for your future dream home. It’s important to do your due diligence before making an offer on any piece of land. You don’t want to end up with an asset that is a hassle, doesn’t meet your building requirements or that causes you unforeseen expenses. As a home builder, I have a checklist that I go through prior to purchasing any piece of land. Let’s go through some of these as they can save you a bundle of money and help keep you out of trouble.

Check Zoning: The zoning basically tells you what can be built on the property and what can be built around it. Obviously you want to make sure you can build a house on your property so it should be zoned residential. You will also want to check what the zoning is for neighboring properties as you don’t want a big industrial building being built next to your home. Your real estate broker can typically give you this information. If not, it is readily available at the local zoning or building department. The zoning will also tell you the distance required between your future home and the lot lines (called setback requirements) and any height restrictions for the home.  Once you have the zoning setback requirements, you can start to get an idea of what size home you can build.

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Posted by: Michael Luckado on February 14th, 2012 under Buying or Selling a Home


What Today’s Buyer is Looking For

Today’s real estate buyer is a shopper and has in mind exactly what they are looking for in a home, therefore your duty as a seller is to make sure your home is precisely the home of their dreams. Buyers today are interested in simplifying their lives and want a home that reflects this as well. They are looking for clean, stream lined homes, with the basic necessities, nothing that screams that the seller went overboard. They want a home that is an excellent investment and a good value. A good value to a buyer means that they will be firm negotiators and will try to get more bang for their buck. Buyers are known to ask for the moon, and appreciate incentives in which sellers offer such as paying closing costs, crediting a buyer at closing for certain repairs and even a paint allowance. They are not interested in fixer uppers, as most buyers in today’s market just don’t have the money to shell out in making major repairs or tackling huge remodeling projects; they want a house to be move in ready and in superior condition.

Buyers can also be pretty picky. They don’t want to see a home that is cluttered with an explosion of furniture and personal belongings. Homes that are seething with excess stuff make it impossible for a buyer to envision themselves and their belongings within the home. Decluttering, depersonalizing, and detaching yourself from your home makes them see it as the potential of it being their home. Buyers also know the importance of nature and are environmentally conscious, and want to see additional living spaces outside such as patios and decks, outdoor kitchens and living rooms. In addition to this, today’s buyer is a ‘green’ buyer and wants appliances such as washers, dryers, refrigerators, dishwashers, HVAC units and windows that are energy efficient. These buyers are economical, savvy and quite practical.

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Posted by: Tim Ryan on June 30th, 2011 under Buying or Selling a Home


Understanding Hawaii Leasehold Real Estate

Many buyers interested in Hawaii real estate are unfamiliar with the term ‘Leasehold’, but it is of critical importance to understand. Most are familiar with real estate ownership in Fee Simple (also known as Freehold), in which a purchaser owns the land and any improvements and fixtures thereon.

However, in a few states, including Hawaii, there is another form of ownership: Leasehold.

When a landowner enters into an agreement/ground lease with a lessee, it creates a leasehold.

The main differences between ownership by Fee Simple and Leasehold are:

•    A leasehold buyer does not own the land on which improvements are located and, as such, must pay a ground lease.
•    The use, alteration, and maintenance of the premises are subject to conditions/restrictions named on the lease.
•    Use of the land is limited to the time remaining of said lease. At the expiration of the lease, either a new lease must be negotiated or the land reverts (and in many cases, the improvements thereon) back to the landowner, in what is called ‘reversion’.

Why would a potential buyer prefer a leasehold property over fee simple ownership? Continue reading this post


Posted by: Alex Cortez on October 15th, 2010 under Buying or Selling a Home


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