Selling your house.

How To Get The Most Money When Selling Your House

Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.

1. Price it a LITTLE LOW  —  This may seem counter-intuitive. However, let’s look at this concept for a moment. Many homeowners think that pricing their home a little OVER market value will leave them room for negotiation. In actuality, this just dramatically lessens the demand for your house (see chart below).

160310 Price-Pyramid-KCM

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Energy Efficiency on the Rise: Green Building Features

Energy Efficiency on the Rise: Green Building Features

JULY 9, 2014 BY  LEAVE A COMMENT

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A focus on energy efficiency is the most important development and design strategy that is making new housing greener, according to a recent industry survey.

McGraw Hill Construction’s (MHC) data and analytics team surveyed a set of NAHB single-family and multifamily members in 2013. The survey found that 62 percent of single-family builders and 54 percent of multifamily developers are doing more than 15 percent of their projects as green. For single-family, 19 percent of builders are doing more than 90 percent of projects as green. The survey indicates that increasing consumer interest is a reason for growth in this area. MHC defines a green home as “one that is either built to a recognized green building standard or an energy- and water-efficient home that also addresses indoor air quality and/or resource efficiency.” Continue reading

Top 10 Ways to Save around the House

Top 10 Ways to Save around the House

June 19, 2014 By

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Renters and homeowners across the country are taking savvy approaches to save money around their homes. In honor of National Home Improvement Month, Homes.com, leading online real estate destination, and sister site, ForRent.com, sought out the top 10 tips to save money around the home, using little time and effort and offering inexpensive solutions. From do-it-yourself projects to updating small appliances, everyone can take advantage of these easy tips on a dime. Read about it by reading more Continue reading

Bidding for a house? READ THIS!

 Three Ways to Avoid Getting Outbid on Your New Home

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“Bidding for a new home can get pretty fierce in today’s market,” said Gibran Nicholas, Chairman of CMPS Institute, an organization that trains and certifies mortgage bankers and brokers.  “In some cases, you may be competing with more than a dozen other buyers who are bidding on the same property.”  Here are three potential solutions to avoid getting outbid on your new home:

1 – Turn in your loan paperwork BEFORE you place an offer.  In many cases, you are bidding against cash buyers who don’t need to wait for financing approvals. Look at it this way: if you were the seller, would you prefer to do business with a buyer who needs to wait for financing approvals, or a cash buyer who can close the deal quickly?  “That’s why it’s important to be proactive,” Nicholas said.  “Provide your mortgage lender with things like your source of down payment funds, your asset documentation, your credit report and your income documentation.  This way, you’ll be in a better position to close the deal quickly and compete with those cash buyers.”

2 – Pay cash, but do it right. “Keep in mind that you only have 90 days after closing to place a mortgage on a property that you bought with cash if you want to secure your tax deduction,” Nicholas said.  “In order to get that loan approval after closing, you’ll need to document the source of funds that you used for your cash purchase. Talk to a CMPS professional for more details so that you can avoid problems down the road.”

3 – Consider lender-paid mortgage insurance. Lender paid mortgage insurance allows you to accept a slightly higher interest rate in exchange for no mortgage insurance. “This is very useful because it’s often less expensive than FHA insurance or Private Mortgage Insurance,” Nicholas said.  “The lower monthly payment that results with this option can help you to afford a higher priced home, or at least get more comfortable paying at or above list price for the home you want.”

I can add a fourth – work with Sig Hoyer!

Tips on Preparing Children for a Move

Tips on Preparing Children for a Move

May 15, 2014 By

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Every year, millions of American families pack up their belongings and embark on new journeys. Some move for employment opportunities; others move to reduce their expenses, increase their space or, perhaps even, to make a fresh start. The move is stressful for all, but can be especially traumatic for children who are used to a routine and often don’t understand the reasons for moving.

Dr. Deborah Pardee, licensed psychologist and core faculty at University of the Rockies, a graduate school specializing in social and behavioral sciences, offers the following tips to help prepare youngsters for a move and to make the transition less disruptive: Continue reading