Real Estate

Masses of Tumbleweed Bury Homes Out West

NAR Daily News Magazine - April 24, 2018 - 12:00am

Strong winds in Southern California and Utah have blown the spiky, dead desert plants onto properties, piling up to 5 feet high and blocking...

Categories: Real Estate

Home Sales Should Be Higher—But They’re Not

NAR Daily News Magazine - April 24, 2018 - 12:00am

Buyer demand is high, and the broader economic environment remains favorable for selling. But here’s why sales just can’t seem to...

Categories: Real Estate

More Agents Find Value in Promoting Green

NAR Daily News Magazine - April 24, 2018 - 12:00am

As public interest in sustainability grows, real estate professionals are focusing their marketing on eco-friendly home features and business...

Categories: Real Estate

Inventory Plummets in Lower Price Points

NAR Daily News Magazine - April 24, 2018 - 12:00am

Bargain hunters and first-time home buyers are facing sticker shock, as finding a property for less than $250,000 gets tougher and tougher.

Categories: Real Estate

Zen Design Takes Over Luxury Listings

NAR Daily News Magazine - April 24, 2018 - 12:00am

Wellness amenities and architecture are finding popularity in high-end real estate.

Categories: Real Estate

How to Comply With New Data Security Rules

NAR Daily News Magazine - April 23, 2018 - 12:00am

The European Union’s new GDPR rule institutes legal provisions that give residents more control over personal data...

Categories: Real Estate

6 Rules for Effective Blog Posts

NAR Daily News Magazine - April 23, 2018 - 12:00am

If you or your firm maintain a real estate blog, make sure to follow these building blocks for a successful post.

Categories: Real Estate

Home Sales Overcome Inventory, Price Woes

NAR Daily News Magazine - April 23, 2018 - 12:00am

Despite soaring prices for fewer properties on the market, sales of existing homes achieved “robust gains” in March, according to the...

Categories: Real Estate

Bidding Wars Heat Up in Unassuming Towns

NAR Daily News Magazine - April 23, 2018 - 12:00am

The usual suspects—San Francisco, Boston, and New York—are not the cities seeing the most dramatic spikes in multiple-offer scenarios...

Categories: Real Estate

Wells Fargo to Pay $1B Over Rate Lock-Ins

NAR Daily News Magazine - April 23, 2018 - 12:00am

Federal watchdogs say Wells Fargo delayed some customers’ loan approvals and then charged them a fee for missing a deadline to lock in...

Categories: Real Estate

Landlords, Associations Take Aim at Marijuana

NAR Daily News Magazine - April 23, 2018 - 12:00am

Despite the movement to legalize pot for both medicinal and recreational purposes in many states, homeowners associations and landlords are...

Categories: Real Estate

Why Underwater Owners Still Pay the Mortgage

NAR Daily News Magazine - April 23, 2018 - 12:00am

Unlike during the last housing crisis, when many homeowners made “strategic defaults” by stopping mortgage payments and walking away...

Categories: Real Estate

5 Home Inspection Mistakes Buyers and Sellers Make

RisMedia Buying 101 - April 22, 2018 - 1:01pm

(TNS)— A home inspection is an assessment of a home’s condition. Home inspectors not only identify problems with houses; they can give buyers information that will help them with the upkeep.

“We want to teach them how to maintain the property because it’s the biggest investment they’ll ever make,” says Alden E. Gibson, a past president of the American Society of Home Inspectors.

If you’re getting a home inspection, here are five mistakes to avoid.

Not Researching the Inspector
Too many buyers and sellers hire whoever is recommended to them without doing any research. The inspection is only as good as the inspector doing it, says Troy Bloxom, owner of Home Inspections Plus near Anchorage, Alaska, and past president of the National Association of Home Inspectors.

A few questions to ask:
·      How long have you been inspecting homes?
·      How many inspections have you done?
·      What are your qualifications, certifications and training?
·      What was your job before you were a home inspector? (Ideally, your pro was in contracting or building.)

You want a certified professional who stays current.

“There’s a lot of stuff you have to know, and you want someone who’s keeping up with ongoing education,” says Kurt Mitenbuler, who is certified by the American Society of Home Inspectors (ASHI) and owns an inspection company in Evanston, Ill.

You’re looking for an inspector who can analyze the home’s strengths and weaknesses, then explain them.

Not Attending the Inspection
Being present for the inspection may not be mandatory, but it’s a smart idea. Simply reading the inspection report isn’t enough to give most homeowners the full picture, Gibson says: “If they don’t see it, they don’t understand it.”

Gibson says he turns down dozens of inspections a year “because people can’t be there or don’t want to be there.”

The inspection might take an entire morning or afternoon, so set aside enough time. Some inspectors will sit with you afterward to explain things and answer questions.

“Any home inspector who doesn’t let you follow him around? That’s weird. Ask me any question you want,” Mitenbuler says.

A good inspector can give you an estimate of how much you’ll need to spend on repairs and upgrades, which is very valuable information as you consider your budget.

Not Reading the Inspection Report
Too many buyers and sellers just glance at the inspection report. You need someone who uses “clear, concise” language in person and in written reports, Mitenbuler says. He recommends scanning a few reports by checking the inspector’s website or asking for a sample report.

A knowledgeable pro will state simply what’s wrong with the house and what it will take to fix, Mitenbuler says.

Not Getting a Presale Inspection
Many sellers decide to leave the presale inspection to the buyers, Bloxom says. That’s a mistake.

When the buyers get an inspection (and if they’re smart, they will), the sellers may have little time to complete repairs and keep the sale on track, Bloxom says.

But if the seller has the home inspected before putting it on the market, he has more time to do repairs and to shop around and control his costs for the work, Bloxom says.

Both buyers and sellers often wait too long to engage an inspector, Gibson says. You should find an inspector long before you have (or make) an offer on a home. “Any good inspector will be booked out,” he says.

Not Prepping the Home
Inspectors get annoyed when homeowners don’t prepare their houses for inspection.

“Don’t force the home inspector to empty the closet to get into the attic,” Mitenbuler says. If you have a crawl-space hatch, move anything sitting on top of it.

Got a lock on a utility closet, basement or shed? The inspector needs access, so open it or provide keys.

For a seller, the best tack is to be at home to meet the inspector, introduce yourself, provide your mobile number, and then you can take off, Mitenbuler says.

To reduce the need for repeat inspections, hire professionals to do repairs, Bloxom says. Too many sellers will try DIY or get them done on the cheap, but poor workmanship will show up during the follow-up inspection, Bloxom says, and could result in more repairs—and another inspection.

©2018 Bankrate.com
Distributed by Tribune Content Agency, LLC

For the latest real estate news and trends, bookmark RISMedia.com.

The post 5 Home Inspection Mistakes Buyers and Sellers Make appeared first on RISMedia.

Categories: Real Estate

Is ‘Green’ at a Premium? Depends Where You Purchase

RisMedia Consumer News - April 21, 2018 - 12:01am

Who says you need “green” to get a green home?

According to an analysis by realtor.com®, eco-friendliness is becoming the norm—and being a green homeowner may not be as pricey as thought. While California’s costlier markets have high concentrations of green homes, there are also affordable pockets outside the Golden State—and, in many markets, eco-features are no longer at a premium.

The greenest:

  1. Fort Collins, Colo.
    Green Home Listings Share: 36 percent
    Local Median Price-Per-Square Foot (PPSF): $170.4
    Green Local Median PPSF: $171
  1. Dallas-Fort Worth-Arlington, Texas
    Green Home Listings Share: 35 percent
    Local Median Price-Per-Square Foot (PPSF): $139.1
    Green Local Median PPSF: $144
  1. San Jose-Sunnyvale-Santa Clara, Calif.
    Green Home Listings Share: 35 percent
    Local Median Price-Per-Square Foot (PPSF): $738.9
    Green Local Median PPSF: $701
  1. San Antonio-New Braunfels, Texas
    Green Home Listings Share: 34 percent
    Local Median Price-Per-Square Foot (PPSF): $128.8
    Green Local Median PPSF: $130
  1. Tulsa, Okla.
    Green Home Listings Share: 33 percent
    Local Median Price-Per-Square Foot (PPSF): $96.7
    Green Local Median PPSF: $115
  1. Boulder, Colo.
    Green Home Listings Share: 25 percent
    Local Median Price-Per-Square Foot (PPSF): $257.7
    Green Local Median PPSF: $267
  1. Salinas, Calif.
    Green Home Listings Share: 21 percent
    Local Median Price-Per-Square Foot (PPSF): $498.5
    Green Local Median PPSF: $429
  1. Atlanta-Sandy Springs-Roswell, Ga.
    Green Home Listings Share: 20 percent
    Local Median Price-Per-Square Foot (PPSF): $121.5
    Green Local Median PPSF: $132
  1. McAllen-Edinburg-Mission, Texas
    Green Home Listings Share: 19 percent
    Local Median Price-Per-Square Foot (PPSF): $93.2
    Green Local Median PPSF: $107
  1. Santa Cruz-Watsonville, Calif.
    Green Home Listings Share: 17 percent
    Local Median Price-Per-Square Foot (PPSF): $565.7
    Green Local Median PPSF: $544

“Although Southern and Western states still lead the way in green technology adoption, eco-friendly features have grown in popularity across many regions of the United States,” says Javier Vivas, director of Economic Research at realtor.com. “Many buyers have come to expect standard features, and homes integrating specialty green features are becoming more mainstream.

“However, in today’s inventory-starved market, location still reigns supreme and the price of land can easily override the allure of special eco-friendly features,” Vivas says.

Analysts defined a “green” home as one with bamboo flooring, dual-pane windows, ENERGY STAR appliances and/or rating, Seasonal Energy Efficiency Ratio (SEER) ventilation and/or solar panels.

For more information, please visit www.realtor.com.

Suzanne De Vita is RISMedia’s online news editor. Email her your real estate news ideas at sdevita@rismedia.com. For the latest real estate news and trends, bookmark RISMedia.com.

The post Is ‘Green’ at a Premium? Depends Where You Purchase appeared first on RISMedia.

Categories: Real Estate

EU Rule Could Impact Your Business

NAR Daily News Magazine - April 20, 2018 - 12:00am

Does the European Union have any regulatory authority over your real estate business? It’s a tricky question, but the answer is “maybe...

Categories: Real Estate

Buyers Want Emotional Bonds—Even Online

NAR Daily News Magazine - April 20, 2018 - 12:00am

Despite largely beginning their real estate search on the internet, where one would assume home shoppers prefer an impassive browsing experience,...

Categories: Real Estate

Mortgage Rates Jump to 4-Year High

NAR Daily News Magazine - April 20, 2018 - 12:00am

The recent surge placed the 30-year fixed-rate mortgage at an average it hasn’t reached since January 2014.

Categories: Real Estate

Affordable Price Tags in Top ‘Green’ Markets

NAR Daily News Magazine - April 20, 2018 - 12:00am

Eco-friendly homes are growing in demand, but buyers don’t always have to expect to pay a premium.

Categories: Real Estate

Retail Vacancies on Track to Reach Record High

NAR Daily News Magazine - April 20, 2018 - 12:00am

Recent closures of several big-box stores are leaving ample space empty nationwide.

Categories: Real Estate

Young Buyers: Student Debt Kills Ownership

NAR Daily News Magazine - April 20, 2018 - 12:00am

More than 80 percent of people between the ages of 22 to 35 who are carrying student loan debt say their repayment bills make it too difficult to...

Categories: Real Estate

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