Posted by Marie Presti on 1/24/2021

After you receive an offer to purchase your house, you likely have only a short period of time to make your decision. Ultimately, determining whether to accept, reject or counter a homebuyer's proposal can be tricky. But if you plan ahead, you should have no trouble performing a comprehensive analysis of a buyer's offer, regardless of how much time is available.

Now, let's take a look at three tips to help you review a homebuying proposal.

1. Weigh the Pros and Cons

Creating a pros-cons list may prove to be ideal, particularly for a seller who is struggling to decide how to proceed with an offer. With this list in hand, you can evaluate the advantages and disadvantages of accepting a proposal and determine the best course of action.

Furthermore, it may be beneficial to assess your homebuying goals relative to an offer. If you goal is to maximize your profits, for example, you may want to accept an offer only if it matches or exceeds your house's initial asking price. Or, if your goal is to move out of your current residence as soon as possible, you may be willing to accept a proposal, even if it falls short of your home's initial asking price.

2. Assess the Housing Market

Housing market data is readily available that may help you make the best-possible decision about a home offer. If you analyze this information closely, you may be better equipped than ever before to decide whether a buyer's proposal is "fair" based on the current real estate market's conditions.

Oftentimes, it helps to conduct a home appraisal before you list your residence as well. Following a home appraisal, you'll receive a property valuation that may help you price your residence and evaluate home offers down the line.

3. Consult with a Real Estate Agent

There is no need to examine a home offer on your own. Instead, collaborate with a real estate agent, and you can receive expert recommendations as you assess a homebuying proposal.

A real estate agent is happy to work with you at each stage of the home selling process. This housing market professional will make it simple for you to list your house and promote it to the right groups of buyers. Next, a real estate agent will set up home showings and open house events to showcase your residence. And once you receive an offer on your house, a real estate agent will allocate the necessary time and resources to help you make an informed decision.

Lastly, if the first home offer that you receive fails to impress, there is no need to worry. You should not feel pressure to accept the initial offer on your house. In fact, you can always counter this proposal to set the stage for negotiations with a buyer, which could increase the likelihood of a successful home sale.

Get ready to review a homebuying proposal use the aforementioned tips, and you can fully assess any offer that you receive.





Posted by Marie Presti on 1/17/2021

Image by fede13 from Pixabay

Just as your car needs regular maintenance, so does your home. It may not be the highlight of your weekend, but home maintenance is crucial. Keeping your home in tip-top shape will help prevent problems down the road and give you an edge when you decide to sell.

Check Your HVAC System

A general guideline is to swap your HVAC filters every two to three months. If you have a large household and/or pets, you may need to replace your filters more frequently. New HVAC filters can better trap dust and allergens and improve airflow throughout your home, benefiting both your health and your wallet. Service your HVAC system in the spring and fall before extreme temperatures hit.

Clean Kitchen Appliances

Freshen and de-grime your sink disposal. You can do this with conventional cleaners or with vinegar ice cubes. Grind up some orange peels to make the disposal extra fresh. Next up is the range hood filter. A degreaser mixed with hot water should do the trick. Lastly, you'll want to vacuum your refrigerator coils. Doing so will make your fridge run more efficiently and cut down on your electricity bill.

Check Your Fire Safety

Make sure your fire extinguisher is accessible and has sufficient pressure. This should be visible on the gauge. Next, test your smoke and carbon monoxide detectors. Most modern systems have a test feature that will sound an alarm if all is good. Clean the detectors and replace the batteries as needed.

Check Your Water

Inspect your water heater to make sure all valves are working properly. While you're at it, check your water softener and add salt if needed. Inspect your faucets, tubs and toilets for leaks and water pressure issues. Any problems will most likely stem from the aerator, which is a simple fix.

Test Your Electricity

Check that all your outlets are working properly. You can follow various online guides on how to re-wire dead outlets. If you feel nervous about working with electricity, call an electrician.

Deep Clean Your Home

At least twice a year you'll want to dust, vacuum and scrub your interiors as thoroughly as possible. Remove stains and caked-on dirt from floors, carpets and countertops. Get into the nooks and crannies. Clean tile grout and showerheads.

Don't Forget the Outside

Hose and sweep your patio, clean your gutters and clear debris from around entrances. Trim overgrown plants. Inspect roofing, siding, paint, and brick for damages. Use caulk to patch up minor damages and seal gaps in window and door frames.

With proper maintenance, you can keep your home in excellent condition regardless of its age. Make a checklist of what you need to do monthly, seasonally and yearly. Fix seemingly small issues now before they turn into big, costly ones. If you have a busy schedule, consider hiring a professional to keep your home well-maintained.




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Posted by Marie Presti on 1/10/2021

Photo by H Wong on Unsplash?

Your collectibles are important to you, but all too often they tend to be tucked away in a closet attic, or the basement. Why hide all of the things that you spent so much time and care collecting? Instead, find ways to incorporate them into your existing decor so that your house guests can see your amazing hobby, and you can enjoy your collectibles every day. Check out some of the tips below to help you get started.

Display Collectible Posters Like an Art Gallery

Turn the high traffic areas in your home into an art gallery by framing your collectible posters as art and displaying them on the walls. Hallways and stairwells make the perfect place to add in this decor without interfering with the other decoration in your various rooms.

Repurpose Your Collectibles

Does your passion extend to collecting tins, baskets, or maybe a small vintage wagon? These items can easily be given a new life and purpose by adding a potted plant or flowers to them. If your container is larger, you could also use it to hold blankets or other items you wish to keep off the floor and out of the way. 

Give Your Lamps New Height with Your Collectible Books

If you have some great old books that have that vintage look and smell, there is no reason to hide them on a bookshelf. Carefully stack them so that the spines are visible to guests and use them as a stand for a light fixture or other decorative item. Just make sure to avoid anything that might drip water, such as a plant, so you don't destroy the book. 

Use Heavier Collectibles for Bookends

For collectors that have heavier or metal items, you can easily swap out a traditional bookend on your shelf for your collectible piece. This will help keep it out f the way while allowing it to have an additional purpose, keeping your books in line. 

Frame Thinner Collectibles & Hang on Display

If you collect items such as stamps, matchbooks, or even rare albums, you can mount them into a frame and display them on the wall. This will allow you to show your guests your amazing collection while still proving it with protection against dust and dirt. If you have light-sensitive documents, such as old letters, you can find frame glass to help better keep them preserved. 

Don't let your collectibles waste away in a box or tub where no one can enjoy them. Follow the simple tips above to help you incorporate them into your decor, where they can be enjoyed by all. 




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Posted by Marie Presti on 1/3/2021


 Photo by Bryan Clayton via Pixabay

If you buy a townhouse or condo, you’ll find that you’re more than likely a member of a Homeowners Association, or HOA. What that means, in a nutshell, is that you, along with everyone else in your community, own the exterior of the buildings and the common areas. If your roof fails, it’s everyone’s problem, and if someone else’s roof fails, it’s your problem too. Sometimes a development of detached houses have an HOA as well.

Here are some of the advantages and drawbacks.

Pros of HOAs

  • There’s less work done by you and more hired by the association. You don’t have to own a lawnmower. Exterior building maintenance, landscaping and gardening all happen while you are off at work, relaxing indoors or enjoying the pool.

  • You may have amenities you couldn’t afford as an individual homeowner, such as a swimming pool, a clubhouse and workout facilities. Some HOAs even sponsor social events and hobby clubs.

  • HOAs have rules that keep up appearances. You don’t have to worry about your neighbors letting their weeds grow or keeping junk cars by the curb.

  • Most insurance costs – building exteriors and common areas -- are borne by the association. You need to insure only for the interior of your unit. In addition, garbage removal, cable TV and some utilities may be covered by the HOA, which might negotiate a better rate.

Cons of HOAs

  • Somebody has to pay for the amenities and for the upkeep work you’re not doing, and that somebody is you. Payment comes in the form of HOA fees, usually due monthly or quarterly. Fees are set by the association board and can be raised at any time. If there is an unplanned expense, the board can make an assessment. If you don’t pay your fees and assessments, you are subject to all kinds of penalties up to and including foreclosure.

  • HOAs have rules. A lot of them: the color of your exterior, where you park, the number and size of your pets, outside antennas, the color of your curtains and what you can put on your balcony may all be subject to regulations. Home businesses can be disallowed. Motorcycles and trucks with logos may be forbidden. Many have restrictions on how often you can sublet and who you can rent to.

  • Like your state or country, the association is governed by elected representatives, and the board can govern well or poorly. If you don’t like what they’re doing, your recourse is to elect someone else or run for the board yourself. Managing an individual home is difficult, and managing a community of homes raises even more issues.

Should I Buy a Home with an HOA?

Know what you’re getting into before you sign the purchase agreement. Understand the fees and assessment. Get a look at the revenue and expenses. In particular, see if the reserve fund is adequate. Roofs eventually need replacement and swimming pools need refurbishing, and if there’s no money being set aside, one day there’ll be a massive assessment.

In general, an HOA means you have less work but less individual control. If you’re comfortable with that, an association can be right for you.




Tags: Home Repair   Properties   hoa  
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Posted by Marie Presti on 12/27/2020

The home selling process should be quick, particularly for those who offer great houses at competitive prices. However, problems may arise that prevent an individual from enjoying a seamless home selling experience.

When it comes to selling a house as quickly as possible, it generally is a good idea to be proactive. That way, you can resolve any potential home problems before you add your house to the real estate market. A proactive approach to selling a house also may enable you to minimize the risk of encountering time-intensive problems throughout the home selling journey.

Now, let's take a look at three tips to help you avoid delays as you sell your house.

1. Perform a House Inspection

A home inspection typically is requested by a homebuyer after his or her offer is accepted on a house. Conversely, a home seller can perform an inspection prior to listing a residence to identify home issues and fix these problems right away.

During a house inspection, a property expert will examine a residence both inside and out. He or she then will provide an inspection report that offers comprehensive insights into a residence's condition.

A home seller should assess the results of an inspection report closely. By doing so, a seller can prioritize myriad home repairs and alleviate these issues. And as a result, a seller can prevent such problems from potentially stopping a home sale at a later time.

2. Establish an Aggressive Initial Asking Price

The price that a seller sets for his or her house can have a major impact on how quickly the home selling journey progresses. If a seller establishes an aggressive initial asking price for his or her residence, this individual may boost the likelihood of a fast home selling journey.

Remember, homebuyers are searching for residences that deliver the ideal mix of quality and affordability. If you price your residence competitively based on the current housing market's conditions, homebuyers may choose to pursue your house over others that are available. Then, it may be only a matter of time before you receive multiple offers on your house that are at or above your residence's initial asking price.

3. Collaborate with a Real Estate Agent

If you're worried about encountering time-intensive problems during the house selling journey, there is no need to stress. For those who hire a real estate agent, you can get the support you need to address any potential home selling problems.

A real estate agent possesses the skills and know-how to help you simplify the home selling journey. He or she is happy to provide expert recommendations as you proceed along this journey. And if you ever have concerns or questions about selling your house, a real estate agent is ready to respond to them.

Want to accelerate the home selling journey? Use the aforementioned tips, and you can limit the risk of encountering potential hurdles that otherwise could slow you down as you sell your house.




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