Jane Cheetham - RE/MAX Acclaim



Posted by Jane Cheetham on 4/17/2018

The entryway to your home is probably quite small, but you can make the most of your space by pinning down what you really need there. Below, youíll find some items that you should try and keep around the entry of your home for both design appeal and organization purposes. 


A Place For Coats


When guests come to visit, itís welcoming for you to be able to offer them a place to hang their coats, rather than throwing them into a bedroom or on a chair. You can place coatracks on a wall for easy hanging, giving everyone open access to their coats when they need them. You can even place a coat rack along a stairway hall. This way everything from coats to bags to hats will all be in one place.     



Rugs


Having a weather-resistant rug available in the entryway of your home can help to keep dirt and grime off of the floor. 


Storage


Every entryway needs some type of storage for items like extra coats, shoes, umbrellas, even bags. You can use an inexpensive shelving system or go as fancy as using a dresser or armoire.


Seating


Itís important to have some kind of seating near the entryway of your home. This way, youíll have a place to sit down and put on shoes. Seating will also help make the entryway more comfortable. Make sure that the seating allows for a casual feel to add to the warmth of the welcome.


Flowers And Plants


Using flowers and plants in the entryway of your home gives guests that welcoming pop of color that will brighten their day. Itís one of the first things that guests will see when they walk up to the front door of your home, so youíll want to make a good first impression. Shoot for year-round plants that donít require a lot of maintenance and can be kept up easily no matter what the season.    


Good Lighting


Once you enter your home in the evening hours, one of the first things you want to do is turn on a light. This is one of the best features for your home to have safety and security when you enter and exit the house. You can choose any kind of light fixture that you want to accent your home in order to bring out the beauty. The only requirement is that you should make sure a light switch is always within an armís reach.


Make It Your Own


The most important thing that you can do for your entryway is to make it your own. You can add any kind of accents and features that you choose. The entryway is the first impression that people will get of your home, so make it count!




Tags: decorating   house a home  
Categories: Uncategorized  


Posted by Jane Cheetham on 4/3/2018

Have you heard the term ďearnest moneyĒ but really arenít sure what it means? Once you have found the perfect home and are all set to make an offer, thereís one more step that you need to take. Thatís to make a deposit on the home you want to buy. This is known as an ďearnest money deposit.Ē  


The Purpose Of The Deposit


The deposit shows the seller that youíre serious about buying the home. Itís a measure that allows the seller to have some faith in you as a buyer that youíre truly moving forward with your decision; youíre ready as a buyer to make the financial commitment. This deposit allows the deal to begin on a solid basis without much question. 


Is The Deposit Required Legally To Buy A Home?


From a sellerís perspective, a deposit keeps a buyer from changing their mind. If there is a significant amount of money involved, the seller sees the deposit as a way to keep the buyer locked in. This makes it easier for sellers to accept an offer. 


How Much Is Expected For An Earnest Money Deposit?


These deposits donít quite have a standard amount. The general rule is that they range from 1% of the home price up to 5%. The more expensive of a home thatís being purchased, the larger the earnest money deposit should be. In some cases, the seller may even ask for a certain amount of a deposit to ensure that buyers are serious. How much money you pay at once is often negotiable. You may be able to pay part of the money at one time and the other part at a later date.


New Construction Can Require Large Deposits


New construction homes can require large earnest money deposits- up to half of the purchase price of the home. This is because the construction costs need to be paid upfront and the bank wants proof that the units being constructed with loan money are being sold to buyers who can pay for the home. 


New construction homes are often customized as well. It would be detrimental to a developer to make special changes to a home only for a buyer to walk away. 


Getting The Deposit Refunded


As with everything in real estate, youíll have a contract. If you donít follow the terms of the contract, you risk losing your earnest money deposit. Two main reasons for buyers to walk away are a flopped home inspection or financing that falls through. Read your contracts carefully. Sellers sometimes state that deposits are nonrefundable after a certain number of days. 


You need to be sure that you are covered as a buyer in the purchase and sales agreement. If you back out of a home purchase without good reason like a contingency included in the agreement) you could be out of luck when it comes to getting your deposit back.    






Tags: Buying a home   finances  
Categories: Uncategorized  


Posted by Jane Cheetham on 3/27/2018

Having equity in your home is an incredibly valuable thing. It allows you to borrow against your house and shows that the value of your investment is rising. Equity defined is the difference between your homeís value and the amount you still owe on the home. Equity allows you to move forward with other properties and sell your current one. 


As you pay down your mortgage, your equity increases. There is, however, always a risk of an equity slide where values drop a bit. There are a few ways that you can help your homeís equity value to increase faster.


Pay Towards The Principal


The first few years that youíre a homeowner, youíll be paying a lot towards the interest and only a little towards the principal value of the loan. The quicker you pay down your home loan, the faster youíll increase the equity of your home. Check your budget and see how much extra you may be able to pay. Then, talk with your lender to see if there are any pre-payment penalties. 


Complete Home Improvement Projects


You may not know that many home improvement projects can increase the value of your home substantially. There are many projects that you can complete in your home that wonít break the bank yet will give you a significant return. You can start simple, or think big. Some of the best home improvement projects that will add value to your home include:


  • Complete kitchen remodel
  • Replacing countertops
  • Refinishing cabinets
  • Installing new appliances
  • Replacing garage doors
  • Bathroom remodel
  • Putting on addition
  • Landscaping renovations


Any of these home improvement projects can add value to your home, bringing the equity value of the home up. Even if youíre not planning on taking out any equity in your home for some time, any improvement projects that you choose to do are beneficial for both you and how your home affects your finances.  


Increase The Amount Of Your Downpayment


You can increase the value of a home before you even buy it. If you put the traditional 20% down on a house, youíll build equity a bit faster than if you put down a lower amount such as 3% or 5%. If you have already purchased your home, you can ask your lender to do whatís called a cash-in refinance. This type of refinance is where you bring cash to the refinancing closing table in order to lower the balance of your mortgage.   





Categories: Uncategorized  


Posted by Jane Cheetham on 3/20/2018

For those who intend to list a house, it helps to establish realistic expectations. That way, you'll have a good idea about what to expect during the home selling journey.

Now, let's take a look at three tips to help you manage your expectations as you attempt to sell your house.

1. Understand the Housing Market

You may own a great home, but even a top-notch residence may be difficult to sell based on the current housing market's conditions. If you allocate time and resources to study the real estate market, however, you can differentiate a buyer's market from a seller's market. Then, you can map out your home selling journey accordingly.

In a buyer's market, there may be an abundance of houses and a shortage of buyers. Therefore, sellers may need to price their houses competitively to stir up interest from buyers.

Comparatively, in a seller's market, there likely is an abundance of buyers and a shortage of first-rate houses. This means a seller probably won't have to wait long to receive offers to purchase after he or she lists a high-quality residence.

To distinguish a buyer's market from a seller's one, you should look at the prices of recently sold houses in your area and find out how long these properties were listed before they sold. This information enables you to review the level of interest in properties in your city or town and can help you determine whether you're preparing to enter a buyer's or seller's market.

2. Know Your Home's Strengths and Weaknesses

You may believe your home is flawless, but buyers may quickly identify problems with your house. Fortunately, a seller who conducts a house inspection can address any potential issues before listing his or her residence. Home inspection results may help a seller establish realistic pricing expectations for his or her house too.

During a house inspection, a property expert will examine a residence both inside and out. This property expert next will provide a homeowner with an inspection report that details his or her findings. With an inspection report in hand, a homeowner can correct underlying house issues before he or she adds a residence to the real estate market.

3. Collaborate with a Real Estate Agent

A real estate agent understands the opportunities and challenges of the home selling journey. As such, he or she will help you set expectations for this journey, as well as help you make the most of available home selling opportunities and resolve property selling challenges.

Typically, a real estate agent will meet with you and find out what you want to accomplish by selling your home. He or she next will craft a personalized home selling strategy for you, promote your residence to potential buyers and do everything possible to help you maximize your home sale earnings.

Manage your expectations as you proceed along the home selling journey. By doing so, you can limit the risk of encountering home selling problems and boost the likelihood of a successful property selling experience.




Categories: Uncategorized  


Posted by Jane Cheetham on 3/13/2018

A buyer's market can challenge even the most diligent home seller. Fortunately, we're here to help you stir up plenty of interest in your house, regardless of the current housing market's conditions.

Now, let's take a look at three tips to help you get ready to sell your residence in a buyer's market.

1. Assess the Housing Market

You know a buyer's market favors homebuyers over home sellers, but you still have no idea how this market operates. Fortunately, if you allocate time and resources to learn about the local real estate sector, you'll be better equipped than ever before to maximize the value of your home.

Take a look at the prices of recently sold houses in your city or town. That way, you can see how long these homes are generally available before they sell. You also can examine the sold prices of these houses to better understand how you should price your residence.

Furthermore, you should assess the prices of available houses in your city or town that are similar to your own. This housing market data can help you establish a competitive price for your residence from day one.

2. Perform a Home Inspection

A home inspection commonly is performed after a seller accepts a buyer's offer on a house. However, if you perform an inspection before you add your residence to a buyer's market, you can take a proactive approach to address various home problems.

During a home inspection, a property expert will examine your residence and detail his or her findings. You then can use the home inspection results to prioritize home improvement projects and upgrade your residence. As a result, you can enhance your house and find ways to differentiate it from the competition.

3. Consult with a Real Estate Agent

Selling a home in a buyer's market is exceedingly difficult, especially for those who choose to work alone. Thankfully, real estate agents are available to guide you along the home selling journey and ensure you can achieve the optimal results.

By hiring a real estate agent, you can receive extensive assistance at each stage of the home selling journey, even in a buyer's market. First, a real estate agent will learn about you and your home, as well as your home selling goals. This housing market professional then will offer recommendations to help you enhance your home and ensure it stands out to potential buyers. Next, a real estate agent will list your residence and host open house events and home showings. And if a buyer submits an offer on your house, a real estate agent will help you review this proposal and make an informed decision.

When it comes to selling a home in a buyer's market, there is no need to worry. Take advantage of the aforementioned tips, and you can separate your residence from the competition and boost the likelihood of a profitable home sale.




Categories: Uncategorized