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Browsing Posts published in August, 2011

NAR: Home Hunting without Fear

by Broderick Perkins

With the rules of the housing game changed forever, preparing to just squeak by the home buying ordeal isn’t enough to achieve a decisive and lasting victory.

Speaking of HuntingThe idea isn’t just to buy a home. The goal is to keep your own roof over your head. Preparation is key, according to the National Association of Realtors. From NAR, here’s how to get ready to be and remain a homeowner.

Create a wish list.

Browse for housing.

Work with an expert.

Get the complete picture before you visit.

Make sure the property details are reliable.

For the full/complete details, click on this link

 

Top Reasons to Own a Home by Carla Hill

The top benefits of home ownership haven’t changed, even in the face of a down economy.

Here are the top five that Carla provides:

1. Savings-

2. Tax Breaks-

3. Equity-

4. Budgeting-

5. Security-

Carla concludes her article with:

Home affordability is at near record highs. Now is a good time to run the numbers and see if buying makes good financial sense. If it does, then you’re in store for a wealth of benefits that only homeowners can experience.

Link for full details of Carla’s article.

Real Estate News & Commentary by Jeff Adams, August 30th, 2011.   Support@freerealestatementoring.com

Five inexpensive ways to increase the value of your property for sale.

1. Make sure your house smells OK

A house that smells right sells right.

“It should smell like a normal, clean house,” Rona Fischman, principal broker of 4 Buyers Real Estate in Cambridge, Mass. “If it smells like it just had an industrial cleaning or a cover-up smell or of rotting garbage, it really turns people off.”

This is something you must get just right. You don’t want to gross out buyers, but neither can you afford to freak them out. Any whiff of cat urine or dog bed, and your prospective buyer, unless he or she runs an animal rescue mission, is likely to make a quick exit. The same goes for that musty old basement smell. However, you don’t want to go to town with chemicals to the point that your house smells like a hospital corridor. If there is an overpowering smell of bleach in your now-spotless basement, buyers will let their imaginations run wild about what you are hiding.

2. Wash the windows, buy new bedspreads and change the light bulbs

More light is best if you want to sell your property. That means windows that sparkle, bedspreads that are clean and bright and new, and higher-wattage bulbs to seal the deal. Light sells. Dark and dim doesn’t. This may sound ridiculous for me to be telling you this – but you be surprise how many real estate investors forget the essentials and have trouble selling their property.

3. Water those plants

Maybe your idea of gardening involves mowing the lawn just before the neighbors complain. A buyer will likely see photos of your house online and drive past it for a quick look before taking an official visit. If your lawn looks like a wheat field with a couple of dead and dying planters scattered about, a buyer might keep on driving.

No need to sprout a green thumb, but mowing once a week and watering a few plants will go far. “The way we buy real estate has changed. People will pay a premium for houses that are all done and well maintained,” said Richard Goulet, president of The Appraisers Group, an appraisal services company based in Belmont, Mass.

4. Plunk a piece of furniture in the front entryway Real estate veterans say putting a chair or table in a front entryway, where you take off your boots and shoes, seems to trigger a chemical reaction in the brains of buyers. It’s just a nice welcoming touch.

5. Clean up, but don’t overdo it

This isn’t time to get in touch with your inner slob.Clear off that half-empty coffee cup from the counter and remove the Sunday paper from the couch. But don’t remove signs of family life in an effort to give your dwelling the look of a Better Homes & Gardens centerpiece.

No prospective buyer will be fooled by a child’s room that’s all but stripped bare except for a single doll or teddy bear atop a perfectly made bed. Either buyers will figure it is staged, or worse, that you are a Martha Stewart clone. Don’t hide the toys.

Rather, buy baskets or containers to hold all those cars and dolls. The property will look real to buyers, as opposed to a house that is so perfectly arranged and choreographed it would make any normal person stressed out just to think of living like that. “Overstaged houses are a terrible turnoff,” Fischman says.

When staging and/or preparing your property to be sold, remember: every little detail counts. Buyers and investors are become smarted and more picky when it comes to curve appeal, lighting and bonuses on the house. Put yourself in their shoes and always ask yourself - ‘would I buy this property?’

Ginger Wilcox provides insight on

How to avoid overpricing mistakes
“We can always go down, but we can’t go up.”

Most experts would advise that the best way to increase your odds of a successful sale is to price your home at fair market value. But, as logical as this advice sounds, for many sellers it is still tempting to tack a few percentage points onto the price to “leave room to negotiate”.

Introduction link  to article

To avoid this temptation, let’s take a look at the seven deadly sins of overpricing:

1. Appraisal Problems

2. No Showings

3. Branding Problems

4. Selling the Competition

5. Stagnation

6. Tougher Negotiations

7. Lost Opportunities   

full details of article link

Ask Tara @Trulia By Tara-Nicholle Nelson

Tara details 4 key aspects of avoiding surprises at the closing table:

  1. Read my lips: no new bills (or other financial blips).
  2. Make full disclosure when you first apply for your mortgage or short sale.
  3. Watch the calendar closely.
  4. Obtain and review your closing documents in advance

To read the extensive details of the article link here for full details.

Article by Ask Tara @Trulia details

5 questions to ask yourself before buying a home.

In most parts of the country, the housing market is good (or great!) for buyers right

now – interest rates are bizarrely low, lots of inventory means lots to choose from, and the cost of renting has increased in a lot of markets. But just because the market’s good doesn’t mean it’s the right time for everyone to buy. The decision whether to buy a home is a very personal one; you need to carefully examine your own situation to determine whether it’s right for you.So, what are the questions you need to answer in deciding whether you’re ready to buy? Here are some of the big ones:

1. Do I have enough money for a down payment?
2. Can I handle the not-so-glamorous aspects of homeownership?
3. How long do I intend to stay in the house?
4. Are my job and finances stable?
5. What are my real reasons for buying?
for the full details of the article and 5 points link
  1. Potential health effects and symptoms associated with mold exposures include allergic reactions, asthma, and other respiratory complaints.
  2. There is no practical way to eliminate all mold and mold spores in the indoor environment; the way to control indoor mold growth is to control moisture.
  3. If mold is a problem in your home or school, you must clean up the mold and eliminate sources of moisture.
  4. Fix the source of the water problem or leak to prevent mold growth.
  5. Reduce indoor humidity (to 30-60%) to decrease mold growth by: venting bathrooms, dryers, and other moisture-generating sources to the outside; using air conditioners and de-humidifiers; increasing ventilation; and using exhaust fans whenever cooking, dishwashing, and cleaning.
  6. Clean and dry any damp or wet building materials and furnishings within 24-48 hours to prevent mold growth.
  7. Clean mold off hard surfaces with water and detergent, and dry completely. Absorbent materials such as ceiling tiles, that are moldy, may need to be replaced.
  8. Prevent condensation: Reduce the potential for condensation on cold surfaces (i.e., windows, piping, exterior walls, roof, or floors) by adding insulation.
  9. In areas where there is a perpetual moisture problem, do not install carpeting (i.e., by drinking fountains, by classroom sinks, or on concrete floors with leaks or frequent condensation).
  10. Molds can be found almost anywhere; they can grow on virtually any substance, providing moisture is present. There are molds that can grow on wood, paper, carpet, and foods.

additional details link here

Mold Publication link   order free EPA Mold booklet

Indoor Air Pollutants

Indoor air pollutants publications

 link

Topics for indoor air pollution.  Link below the following list of topics

  • Can the use of fragrances indoors cause health impacts?
  • Describe the radon epidemiological studies?
  • Does EPA certify/register or provide lists of acceptable air cleaners or manufacturers/sellers?
  • Does EPA Regulate Volatile Organic Compounds (VOCs) in Household Products?
  • How can you find a qualified radon service provider in your area?
  • How do we know radon is a carcinogen?
  • How does outdoor air enter a building?
  • How much ventilation do I need?
  • Is there a minimum ventilation rate in a room that minimizes adverse health effects?
  • Should I have the air ducts in my home cleaned?
  • Should you use an air cleaner?
  • What about radon in schools?
  • What are biological pollutants, how do they affect indoor air quality?
  • What are combustion products?
  • What are ionizers and other ozone generating air cleaners?
  • What are some common asthma triggers?
  • What are the health effects from exposure to radon?
  • What are Volatile Organic Compounds (VOCs)?
  • What can I do if I have asthma?
  • What causes asthma symptoms, episodes or attacks?
  • What causes indoor air problems?
  • What did the National Academy of Sciences have to say about radon?
  • What do I do if I suspect that combustion appliances are affecting my health?
  • What guidelines are available to compare air cleaners?
  • What if I am remodeling my home?
  • What if I live in an apartment?
  • What is a HEPA filter?
  • What is a MERV Rating?
  • What is Asthma?
  • What is Carbon Monoxide?
  • What is Radon?
  • What is the average level of carbon monoxide in homes?
  • What is the average level of radon found in homes in the U.S.?
  • What is the debate on radon?
  • What is the Integrated Building Evaluation and Assessment Model (I-BEAM)?
  • What is the radon hotline?
  • What should I know about formaldehyde and indoor air quality?
  • Where does radon come from?
  • Where should I place a carbon monoxide detector?
  • Who gets asthma?
  • Will air cleaners reduce health risks?
  • Will EPA regulate the use of fragrances indoors?

Link to all listed topics

What about radon and radioactivity in granite countertops?

It is possible for any granite sample to contain varying concentrations of uranium and other naturally occurring radioactive elements. These elements can emit radiation and produce radon gas, a source of alpha and beta particles and gamma rays. Some granite used for countertops may contribute variably to indoor radon levels. Some types of granite may emit gamma radiation above typical background levels. However, at this time EPA believes that the existing data is insufficient to conclude that the types of granite commonly used in countertops are significantly increasing indoor radon levels. While radiation levels are not typically high, measurement of specific samples may reveal higher than expected levels on a case-by-case basis. Granite is a naturally occurring igneous rock, meaning that it was formed by the cooling of molten rock. It is quarried and processed to produce commercial products such as countertops.

Link for more details

EPA estimates that about 20,000 lung cancer deaths each year in the U.S. are radon-related. Exposure to radon is the second leading cause of lung cancer after smoking. Radon is an odorless, tasteless and invisible gas produced by the decay of naturally occurring uranium in soil and water. Radon is a form of ionizing radiation and a proven carcinogen. Lung cancer is the only known effect on human health from exposure to radon in air. Thus far, there is no evidence that children are at greater risk of lung cancer than are adults.

Radon in air is ubiquitous. Radon is found in outdoor air and in the indoor air of buildings of all kinds. EPA recommends homes be fixed if the radon level is 4 pCi/L (picocuries per liter) or more. Because there is no known safe level of exposure to radon, EPA also recommends that Americans consider fixing their home for radon levels between 2 pCi/L and 4 pCi/L. The average radon concentration in the indoor air of America’s homes is about 1.3 pCi/L. It is upon this level that EPA based its estimate of 20,000 radon-related lung cancers a year upon. It is for this simple reason that EPA recommends that Americans consider fixing their homes when the radon level is between 2 pCi/L and 4 pCi/L. The average concentration of radon in outdoor air is .4 pCi/L or 1/10th of EPA’s 4 pCi/L action level.

For smokers the risk of lung cancer is significant due to the synergistic effects of radon and smoking. For this population about 62 people in a 1,000 will die of lung-cancer, compared to 7.3 people in a 1,000 for never smokers. Put another way, a person who never smoked (never smoker) who is exposed to 1.3 pCi/L has a 2 in 1,000 chance of lung cancer; while a smoker has a 20 in 1,000 chance of dying from lung cancer. Figure A compares the risks between smokers and never smokers; smokers are at a much higher risk than never smokers, e.g., at 8 pCi/L the risk to smokers is six times the risk to never smokers.

The radon health risk is underscored by the fact that in 1988 Congress added Title III on Indoor Radon Abatement to the Toxic Substances Control Act. It codified and funded EPA’s then fledgling radon program. Also that year, the Office of the U.S. Surgeon General issued a warning about radon urging Americans to test their homes and to reduce the radon level when necessary (U.S. Surgeon General).

Unfortunately, many Americans presume that because the action level is 4 pCi/L, a radon level of less than 4 pCi/L is “safe”. This perception is altogether too common in the residential real estate market. In managing any risk, we should be concerned with the greatest risk. For most Americans, their greatest exposure to radon is in their homes; especially in rooms that are below grade (e.g., basements), rooms that are in contact with the ground and those rooms immediately above them.

Full details of information link