Posted by Marie Presti on 2/8/2015

According to Lawrence Yun, the National Association of Realtor's chief economist, the spring housing market is starting off strong. "If activity is sustained near present levels, existing-home sales will see their best performance in five years. The NAR expects sales to rise between 7% and 10% in 2012. What does that mean? Strong demand has melted away inventory in some housing markets with investors and first-time buyers vying for bargains, homes are being snatched up as soon as they hit the market. Prices may not be shooting up, but homes are once again selling at a rapid clip in many markets, draining the multiple-listing services and turning up the competitive pressure on buyers. Multiple offers and bidding wars are back. Lately if a buyer is not there the first day a home comes on the market, it's gone. When a quality property that is priced accurately comes on the market, it's not going to sit around. In some areas the competitive environment has already begun to nudge prices up slightly. Bargain prices and historically low interest rates are bringing buyers back. The belief among buyers is that the housing market has already turned the corner and that there won't be a better time to land an affordable home. National Association of Realtors President Moe Veissi, broker-owner of Veissi & Associates Inc. in Miami, says market conditions are improving as supply and demand have become more balanced.





Posted by Marie Presti on 11/16/2014

If you are looking for a piece of property that you and your family can call home, there are a few important factors to consider beforehand. First, shopping for homes does not have to be difficult if you do it online. One way to do that is by using the “Search Properties” link above. It will help you to find the perfect home in the area of your choice. You can also Sign up for “New Listings Email Alerts” that will email you every day with new listings, price changes, back on the market and open houses. You will have the ability to search the MLS and get the addresses of properties, view full listings sheet, show where the property is on a map, etc. You can keep the homes you like in a saved folder to view at anytime or email them to a friend or colleague. This website also will allow you to sign up for MLS Property Messenger which will alert you of a new property as soon as it comes on the market. Be the first to know about new listings or price drops with the great service. In the end, you and your family want to be as comfortable as possible in your new home, and so it is important that you find the perfect environment for your property. Once you begin shopping for homes, try to search for property that is located in a good area, and more importantly, the property should be close to your work and to your children's schools, as this in turn will ensure that commuting does not take too much out of your time. Do not focus on pricing alone, as this will limit your search. Instead, focus on how much room you are looking for, and make sure that these rooms are spacious enough so that no one feels crowded. Pricing can always be negotiated down the road, and you will find that if you negotiate a price on a home that you truly do like, then you will feel that you got a great deal. In the end, you and your family want to feel comfortable in your home, so it is important to begin your search on the right foot.





Posted by Marie Presti on 5/4/2014

Buying a home can be an exciting time and there is no better time to buy and take advantage of low mortgage rates and prices. Buyer beware, just because it is a good deal you still need to do your due diligence before signing on the dotted line. Here are some potential purchase pitfalls to look for: Do-it-yourself anything Does the home you are purchasing have a great finished basement, new deck or three season addition? Check with city or town hall to make sure the work was done to code and the proper permits were pulled. Things not done to code can be expensive to fix and can ultimately lower the home's value. Structural problems Structural problems are a big red flag. Have a professional home inspection and if need be have a structural inspection on the home. Things to look for include doors and windows that don’t open and close properly and cracks along the foundation. Some cracks may be harmless and normal settling but typically the bigger the crack, the bigger the problem. Structural problems are usually a deal killer as they can be very costly to fix. Insect damage can be part of a much bigger problem. Signs of excessive termite or pest damage does not tell the whole story and often there is unseen damage inside the walls. This may require a special pest inspection to determine if the home's studs have been compromised thus affecting the home's structure. Water damage Another potential problem is water damage. Water damage can cause the failure of the foundation. Water needs to be always draining away from the house. Look for moisture or water stains in the basement. This may indicate a drainage issue. Also be sure to check if the home is in a flood zone. Water in the home can also cause mold. Mold can lead to many serious health issues and is expensive and time consuming to remove. Mold should always be removed by a professional specializing in mold mitigation. Electrical work Do-it-yourself electrical work or antiquated electrical can be a recipe for disaster. When looking at homes be wary of electrical work that has been added on over the years. If the home has an addition make sure to ask if the current electrical system is enough to handle the additional square footage. Be wary of older knob and tube wiring or aluminum wiring this can be very expensive to replace. A professional home inspector should always be able to help point out potential pitfalls in a home before you purchase it. Never skimp on peace of mind. To find a qualified home inspector you can check with the National Association of Home Inspectors.





Posted by Marie Presti on 11/3/2013

One of the best ways to shop for property is by doing it through this website. This site will provide you the most up to date information on homes for sale in your area.  The only thing you need to do is click the search button and decide which of the homes you feel suits your needs. One reason why this site is so effective in helping you find the perfect home for you and your family is because new updates happen every 15 minutes. You will have the latest information on new listings, price changes, back on markets and open houses. The best part is that once you begin searching through the lists of homes this site has for sale, you do not have to leave the comfort of your own home. With less stress surrounding you, it becomes easier to begin your search, and this in turn means that you will have the right mindset to find a great piece of property that you can call home. If you want to keep up to date without searching, you can sign up to receive daily email alerts. The alert will email you every morning with new listings, price changes, back on markets and open houses in your towns and price range. This daily email program allows you to find you the perfect home. In your search you can choose the number of bedrooms and bathrooms you prefer, the area it should be located in, and the overall price range that you are willing to budget for. And don't forget I am always a phone call away when you are ready to learn more about the homes you have been searching.




Categories: Real estate  


Posted by Marie Presti on 9/1/2013

When you are looking to buy a home or refinance it is important that your credit is in tip-top shape. It is often a credit score that gets in the way of a home buyer and their dream home. Credit today means everything as far as your purchasing power. So if you want to be ready when opportunity knocks read on for some for smart ideas on how to keep your credit score going up.

1. Use your credit cards.

This may sound funny but it is important to have credit over having no credit. Paying in cash and over using credit cards isn’t always a good move for your credit score. Cards that are seldom used are often shut down or closed by the credit card companies. Because 30 percent of your credit score is based on your debt-to-credit-limit ratio you will want to have a high your total available credit. Having one account closed increases that ratio of available credit to debt and thus lowers your credit score.

2. Pay off your credit cards.

It may seem to make sense to pay off the highest-interest card first and save the most money in the end. But your credit score will get a bigger boost from knocking off the lowest-balance card. Instead of spreading your monthly payments equally among credit cards, pay down the lowest-balance card first and pay minimum balances on the rest. As you pay off each card, apply the money you would have paid on it to the next-lowest-balance card.

3. Don’t close cards once they are paid off.

The length of time you’ve had credit determines fifteen percent of your score. By closing your oldest account, you can shorten the length of your credit history causing a big hit to your score.

4. Keep the balance low

Much of your credit score is determined by your debt-to-credit-limit ratio on individual accounts. Maxing out one card raises your debt-to-credit-limit ratio and your credit score. So be sure to keep balances as low as possible. Try to target no more than 30 percent of your credit limit.

5. Stay away from retail-card accounts.

These are a big no-no. Retail store cards often have lower limits and higher interest rates. So running up balances on low-limit store cards affects your credit score more negatively than does using one or two bank cards. So in the long run the fifteen percent you were going to save on the one purchase will probably cost you more in the end.