Keep your headlights clear with car wax. Just wipe ordinary car wax on your headlights. It contains special water repellents that will prevent that messy mixture from accumulating on your lights - lasts 6 weeks.
Squeak-proof your wipers with rubbing alcohol. Wipe the wipers with a cloth saturated with rubbing alcohol or ammonia. This one trick can make badly streaking & squeaking wipers change to near perfect silence & clarity.
Ice-proof your windows with vinegar. Frost on its way? Just fill a spray bottle with three parts vinegar to one part water & spritz it on all your windows at night. In the morning, they'll be clear of icy mess. Vinegar contains acetic acid, which raises the melting point of water---preventing water from freezing!
Prevent car doors from freezing shut with cooking spray. Spritz cooking oil on the rubber seals around car doors & rub it in with a paper towel. The cooking spray prevents water from melting into the rubber
Fog-proof your windshield with shaving cream. Spray some shaving cream on the inside of your windshield & wipe if off with paper towels. Shaving cream has many of the same ingredients found in commercial defoggers.
De-ice your lock in seconds with hand sanitizer. Just put some hand sanitizer gel on the key & the lock & the problems solved!
Pass this information along to your friends and help everyone have a safe winter.
Monday, December 27, 2010
Monday, December 20, 2010
Driving During Bad Weather
Living in the Midwest has brought us from warm weather and sunny skies, to cold winds and snow covered streets in a drastic way this year. With the weather changing so rapidly, our friends over at Marquitz Buick, Cadillac, GMC in Troy, Missouri want to provide you with some tips for driving in the snow and ice. The best tip available for driving in bad weather is to not drive at all. Although, it is understandable that not driving is the safest way to avoid accidents, it is not realistic and sometimes a trip to the grocery store is necessary.
Driving safely on icy roads
1. Decrease your speed, and leave plenty of room to stop. You should allow at least three times more space between your vehicle, and the one in front of you.
2. Brake with slight pressure, and release the brake if you detect slippage.
3. Drive with your headlights on.
4. Remove snow, and any road grime from headlights and windshield.
5. Ice patches can be found in several spots even with temperatures above freezing. Be careful when driving on roads that are not traveled often.
If your wheels skid
1. Take your foot off the gas pedal, and steer in the direction the vehicle is traveling. If the vehicle is sliding right, steer right. You may have to steer left and right a few times in order to get the vehicle completely under control.
2. Most vehicles come standard with Anti-Lock Brakes (ABS), and you will need to put steady pressure on the pedal to help reduce the skid.
If you get stuck
1. Always travel with a cell phone in order to call for help if necessary.
2. Do not spin your wheels as this will dig the vehicle in deeper.
3. Try to clear the snow in front of the tires with either a shovel, or by turning the tires from side to side.
4. Place kitty litter, gravel, or salt in front of your tires to help gain traction.
5. Attempt to rock the vehicle back and forth. Check the owner’s manual first before attempting.
More information can be found at Weather.com, with the National Safety Council, the New York Department of Motor Vehicles, and the Washington State Government Information & Services.
Driving safely on icy roads
1. Decrease your speed, and leave plenty of room to stop. You should allow at least three times more space between your vehicle, and the one in front of you.
2. Brake with slight pressure, and release the brake if you detect slippage.
3. Drive with your headlights on.
4. Remove snow, and any road grime from headlights and windshield.
5. Ice patches can be found in several spots even with temperatures above freezing. Be careful when driving on roads that are not traveled often.
If your wheels skid
1. Take your foot off the gas pedal, and steer in the direction the vehicle is traveling. If the vehicle is sliding right, steer right. You may have to steer left and right a few times in order to get the vehicle completely under control.
2. Most vehicles come standard with Anti-Lock Brakes (ABS), and you will need to put steady pressure on the pedal to help reduce the skid.
If you get stuck
1. Always travel with a cell phone in order to call for help if necessary.
2. Do not spin your wheels as this will dig the vehicle in deeper.
3. Try to clear the snow in front of the tires with either a shovel, or by turning the tires from side to side.
4. Place kitty litter, gravel, or salt in front of your tires to help gain traction.
5. Attempt to rock the vehicle back and forth. Check the owner’s manual first before attempting.
More information can be found at Weather.com, with the National Safety Council, the New York Department of Motor Vehicles, and the Washington State Government Information & Services.
Tuesday, December 14, 2010
A touch of paint adds up to a bright home, livable home for the new year
Painting can make all the difference in how potential buyers perceive you home
As 2010 takes its last bow, it’s time for a fresh, new outlook. Pack away those holiday decorations and give your home a bright look that will lift your spirits and position your home as more marketable. There are many small projects that can be done in a weekend, but nothing makes more of an impact than painting.
It’s amazing how much a coat of paint can change the outlook of a room. Color makes a great difference, so start with a quart of your color choice just to make sure you like it, and it shows well during different times of day.
When you buy paint, consider the type of finish and how well it will hold up. The most common finishes for walls and woodwork are eggshell and satin because they are easy to clean and give a crisp finish. Eggshell has a lower gloss than satin. In some cases, these finishes will show imperfections in the walls, so good wall prep and plastering are a must before you paint.
Other choices include flat, or matte, which has no sheen and can be hard to clean. High gloss finishes aren’t used much for interiors, but they are becoming popular for a dramatic look on cabinets and very modern designs.
Usually homeowners are counseled to present their homes in neutral colors, but don’t restrict yourself to whites and creams. Done well, even a contrasting wall in a related color will be pleasing to potential buyers. For instance, if you have a wall with French doors leading to a patio, you can make that wall a focal point with a darker shade of paint. Because the focal point wall has natural lighting, a darker paint won’t minimize the size of your room.
Crown molding is a great selling point now. Show it off with a different color than your walls, but keep the ceiling light to make the room more expansive.
Since you will be painting in the wintertime and have a limited ability to open windows for ventilation, it’s important that you choose a low or zero VOC paint. This type of paint does not release volatile organic compounds (VOCs) into your home. These paints have a slight odor when applied and no odor after curing. They are just as durable as traditional paints and are less harmful to you and your environment.
Get started soon. A painting project is just what you need to brighten your home and your life.
As 2010 takes its last bow, it’s time for a fresh, new outlook. Pack away those holiday decorations and give your home a bright look that will lift your spirits and position your home as more marketable. There are many small projects that can be done in a weekend, but nothing makes more of an impact than painting.
It’s amazing how much a coat of paint can change the outlook of a room. Color makes a great difference, so start with a quart of your color choice just to make sure you like it, and it shows well during different times of day.
When you buy paint, consider the type of finish and how well it will hold up. The most common finishes for walls and woodwork are eggshell and satin because they are easy to clean and give a crisp finish. Eggshell has a lower gloss than satin. In some cases, these finishes will show imperfections in the walls, so good wall prep and plastering are a must before you paint.
Other choices include flat, or matte, which has no sheen and can be hard to clean. High gloss finishes aren’t used much for interiors, but they are becoming popular for a dramatic look on cabinets and very modern designs.
Usually homeowners are counseled to present their homes in neutral colors, but don’t restrict yourself to whites and creams. Done well, even a contrasting wall in a related color will be pleasing to potential buyers. For instance, if you have a wall with French doors leading to a patio, you can make that wall a focal point with a darker shade of paint. Because the focal point wall has natural lighting, a darker paint won’t minimize the size of your room.
Crown molding is a great selling point now. Show it off with a different color than your walls, but keep the ceiling light to make the room more expansive.
Since you will be painting in the wintertime and have a limited ability to open windows for ventilation, it’s important that you choose a low or zero VOC paint. This type of paint does not release volatile organic compounds (VOCs) into your home. These paints have a slight odor when applied and no odor after curing. They are just as durable as traditional paints and are less harmful to you and your environment.
Get started soon. A painting project is just what you need to brighten your home and your life.
Monday, December 6, 2010
Give homeowner tax credits, rebates to you and your house for the holidays
As the year draws to a close and attention turns toward giving, you can give you, your family and your house the gift of energy efficiency that will last long after the holiday hubbub. Electronics are usually gift pleasers and can mean even more if you choose those that are energy efficient. As an example, over the lifetime of a home office equipped with an energy efficient computer, printer and lighting, you can save around $350. Retail and online stores routinely offer rebates on energy efficient products that will help you save money.
The deadline for the federal government’s energy tax credits is December 31, 2010, so speed is of the essence here. Those credits include qualifying heating, ventilating and air conditioning system, insulation, roofing materials, windows and doors. Credits are for 30 percent of the cost up to $1,500 for certain products.
But if you want to install a solar water heater, those tax credits extend through 2016. Closer to home, the Missouri Department of Natural Resources offers energy efficient incentives while Ameren Missouri offers renewable energy initiatives with customers and rebates and free pick-up for old refrigerators and freezers.
The federal tax credit program is a memory now, but homeowners can get help from the city of St. Charles and the Community Development Homeowner Assistance Program or check out the homeownership possibilities with the state of Missouri compiled by the Missouri Association of Realtors.
When the April 15 income tax deadline looms next year, keep in mind that you can get some tax breaks by deducting the interest on your home loan. Real estate, or property taxes, are also deductible and points are too if your real estate purchase was for your main residence. To receive these tax breaks you must file a long for and itemize your deductions.
Learning to take advantage of energy efficient deals, tax breaks and homeowner assistance will help you end the year with a bit more change in your pocket.
The deadline for the federal government’s energy tax credits is December 31, 2010, so speed is of the essence here. Those credits include qualifying heating, ventilating and air conditioning system, insulation, roofing materials, windows and doors. Credits are for 30 percent of the cost up to $1,500 for certain products.
But if you want to install a solar water heater, those tax credits extend through 2016. Closer to home, the Missouri Department of Natural Resources offers energy efficient incentives while Ameren Missouri offers renewable energy initiatives with customers and rebates and free pick-up for old refrigerators and freezers.
The federal tax credit program is a memory now, but homeowners can get help from the city of St. Charles and the Community Development Homeowner Assistance Program or check out the homeownership possibilities with the state of Missouri compiled by the Missouri Association of Realtors.
When the April 15 income tax deadline looms next year, keep in mind that you can get some tax breaks by deducting the interest on your home loan. Real estate, or property taxes, are also deductible and points are too if your real estate purchase was for your main residence. To receive these tax breaks you must file a long for and itemize your deductions.
Learning to take advantage of energy efficient deals, tax breaks and homeowner assistance will help you end the year with a bit more change in your pocket.
Monday, November 29, 2010
Winter buyers are serious. Give them a treat and don’t over decorate during the holidays.
Using some restraint in holiday decorating goes a long way to selling your home now.
Celebrating the holidays and selling your home can go hand-in-hand if you use a little restraint in the decorating department. Keep in mind that buyers who look at homes during the winter are serious; with interest rates low and a wide variety of housing to choose from you shouldn’t miss the opportunity to sell because of overwhelming decorations.
Beginning on the outside, curb appeal is even more important during the winter because of the lack of grass and trees. Making potential buyers feel welcome is a great start in the sales process. Hanging a beautiful, real wreath on the door is a good start. Use fresh greens rather artificial so visitors enter your home with the pleasing scent of pine.
If you are an outdoor lights aficionado, go ahead but keep it simple. The inflatable Santa that is your family tradition–keep it packed up for your next home, but do add lights around your door and along the walkway. Generally non-twinkling white lights are preferable because they do light the way for prospective buyers and reduce potential falls in the evening hours.
Decorating for the holiday season follows the same rules as other times…declutter, keep it simple, keep it impersonal and show off your home’s best points. Yes, you can have a Christmas tree this year and sell your home at the same time! When choosing that tree, pick a slender one rather than a bushy behemoth. And before you bring the tree in, take a few pieces of furniture out of the room. Offering a view of a cramped, cluttering room is not a holiday treat for buyers. They need to see the true strengths of your home and imagine themselves celebrating the holidays here next year.
As with the refreshing pine scent from your door wreath, tempting your buyer’s senses inside increases the chance of a sale. If you have an open house during the holidays, offer mulled cider and bake some Christmas cookies instead of using artificial, chemical imitations. Buyers know the real thing and will respond.
Inside decorations should be low-key and subtle. Unpack only a few prized, but impersonal things. Small table decorations, some holiday flowers, a few pine cones and some simple greens over the fireplace will do the trick.
Once the holiday cheer dies down, remove all your decorations directly after New Years. Buyers want to know you’ve taken care of their potential home and attending to such details shows you care about selling.
Despite having to show some restraint with your holiday decorating, just remember you can do what you want next year in your new home.
Celebrating the holidays and selling your home can go hand-in-hand if you use a little restraint in the decorating department. Keep in mind that buyers who look at homes during the winter are serious; with interest rates low and a wide variety of housing to choose from you shouldn’t miss the opportunity to sell because of overwhelming decorations.
Beginning on the outside, curb appeal is even more important during the winter because of the lack of grass and trees. Making potential buyers feel welcome is a great start in the sales process. Hanging a beautiful, real wreath on the door is a good start. Use fresh greens rather artificial so visitors enter your home with the pleasing scent of pine.
If you are an outdoor lights aficionado, go ahead but keep it simple. The inflatable Santa that is your family tradition–keep it packed up for your next home, but do add lights around your door and along the walkway. Generally non-twinkling white lights are preferable because they do light the way for prospective buyers and reduce potential falls in the evening hours.
Decorating for the holiday season follows the same rules as other times…declutter, keep it simple, keep it impersonal and show off your home’s best points. Yes, you can have a Christmas tree this year and sell your home at the same time! When choosing that tree, pick a slender one rather than a bushy behemoth. And before you bring the tree in, take a few pieces of furniture out of the room. Offering a view of a cramped, cluttering room is not a holiday treat for buyers. They need to see the true strengths of your home and imagine themselves celebrating the holidays here next year.
As with the refreshing pine scent from your door wreath, tempting your buyer’s senses inside increases the chance of a sale. If you have an open house during the holidays, offer mulled cider and bake some Christmas cookies instead of using artificial, chemical imitations. Buyers know the real thing and will respond.
Inside decorations should be low-key and subtle. Unpack only a few prized, but impersonal things. Small table decorations, some holiday flowers, a few pine cones and some simple greens over the fireplace will do the trick.
Once the holiday cheer dies down, remove all your decorations directly after New Years. Buyers want to know you’ve taken care of their potential home and attending to such details shows you care about selling.
Despite having to show some restraint with your holiday decorating, just remember you can do what you want next year in your new home.
Tuesday, November 16, 2010
1st Time Home Buyer Tips
Pending home sales are up for the second month in a row
First-time homebuyers can make the purchase rewarding with careful planning and financial honesty.
A glimmer of positive movement surfaced in the real estate market this week–pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.
For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.
Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.
Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.
Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)
Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.
Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.
Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.
First-time homebuyers can make the purchase rewarding with careful planning and financial honesty.
A glimmer of positive movement surfaced in the real estate market this week–pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.
For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.
Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.
Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.
Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)
Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.
Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.
Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.
Tuesday, November 9, 2010
Fireplaces draw potential buyers into your home
With a few furniture changes and a good cleaning, your fireplace will welcome buyers and make them feel at home
As the temperatures drop and our attention turns inward, having a cheery fireplace as the focal point of a room is a soothing experience. And, if you are selling your home during the winter months, the fireplace adds value and interest if staged properly.
Before you begin using your fireplace, have a certified chimney sweep clean and inspect it. You want your winter to be safe. Small cracks in the firebox and chimney coatings can cause problems if sparks land there and smolder long after you thought the fire was out.
Cleaning makes a big difference too. Removing ashes from the firebox once a week during winter months is the rule, and more often if potential buyers are viewing your house. Like the rest of the home, cleanliness in your fireplace means attention to detail and good maintenance. Scoop the ashes out into a container and dispose of them in the trash. Never use a vacuum cleaner; latent coals may still be burning.
Don’t hide your fireplace behind furniture. Show it off with a welcoming seating arrangement that begs you to sit down and enjoy a cup of hot chocolate. Switch out the worn fireplace screen and invest in a new one. To keep your fireplace the center of attention, de-clutter the mantel and surrounding area. While you enjoy seeing a mantel full of family photos, this is a distraction for the winter buyer. Simplicity is the key here and you may also enjoy admiring your fireplace’s architectural details.
Enhance your fireplace with a few decorative touches. In this case odd numbers are in. Use one, three or five objects that are in proportion to your fireplace. For instance, a painting too small or too large will detract from your fireplace’s impact.
Whether your fireplace is sleek and ultra-modern or Tuscan brick, use it to welcome potential buyers who will say, “Ahhh, this is home!”
Monday, November 1, 2010
Selling your home during the fall season requires patience
Sprucing up your home’s exterior and curb appeal will go a long way toward welcoming a buyer
Buyers and sellers should not be deterred just because fall and early winter are considered slower for real estate sales. People do buy homes now and astute buyers know this is the time to purchase very special deals. Fall home sellers can make a favorable impression by enhancing curb appeal and making appealing to the buyer’s senses. Fall selling tips include:
Keeping your lawn in shape. Summer may be recent history, but buyers want to see your lawn’s potential. Re-seed bare spots, rake fallen leaves and replace faded summer flowers with colorful fall plantings, such as mums and pansies that have been hybridized for fall and early winter blooms.
Exterior street appearance is vital. We are a bit past the brilliant autumn foliage so your home becomes more exposed and the exterior appearance is extremely important. Cleaning gutters and downspouts shows potential buyers that you are serious about home maintenance. Chipped exterior paint and discolored siding will be more apparent; a good power washing is in order with some paint touch up. Also, make sure outdoor lighting is bright and shiny–you may be showing your home in the dark and the potential buyer should feel safe.
Pictures say it all. If your home was originally put on the market in the spring or summer, take new fall shots for your real estate agent’s website. You don’t to seem dated or indifferent to a sale.
Bring the natural light in. Buyers want a sense of openness, cleanliness and space. Wash all your windows and open the drapes for maximum exposure to the outdoors. A gloomy inside just doesn’t make the buyer feel inspired. Add a few fall decorations too, but hold back on those fake plants and leaves.
Understand the buyer’s mindset. You may encounter homebuyers who will come in with an unacceptably low bid because they think fall sellers are eager to sell. Depending on what you need, deal with these potential buyers accordingly and work to find a mutually agreeable price if that is possible.
Flexibility is the key. Selling a home this time of the year means a certain amount of flexibility. Working with your buyers will help with a sale. Be prepared to show your home at any reasonable time and hold open houses. Also consider paying closing costs and pitching in with minor repairs.
While fall isn’t the easiest time of the year to sell, with some flexibility and negotiation, both the seller and buyer can experience a positive sale.
Buyers and sellers should not be deterred just because fall and early winter are considered slower for real estate sales. People do buy homes now and astute buyers know this is the time to purchase very special deals. Fall home sellers can make a favorable impression by enhancing curb appeal and making appealing to the buyer’s senses. Fall selling tips include:
Keeping your lawn in shape. Summer may be recent history, but buyers want to see your lawn’s potential. Re-seed bare spots, rake fallen leaves and replace faded summer flowers with colorful fall plantings, such as mums and pansies that have been hybridized for fall and early winter blooms.
Exterior street appearance is vital. We are a bit past the brilliant autumn foliage so your home becomes more exposed and the exterior appearance is extremely important. Cleaning gutters and downspouts shows potential buyers that you are serious about home maintenance. Chipped exterior paint and discolored siding will be more apparent; a good power washing is in order with some paint touch up. Also, make sure outdoor lighting is bright and shiny–you may be showing your home in the dark and the potential buyer should feel safe.
Pictures say it all. If your home was originally put on the market in the spring or summer, take new fall shots for your real estate agent’s website. You don’t to seem dated or indifferent to a sale.
Bring the natural light in. Buyers want a sense of openness, cleanliness and space. Wash all your windows and open the drapes for maximum exposure to the outdoors. A gloomy inside just doesn’t make the buyer feel inspired. Add a few fall decorations too, but hold back on those fake plants and leaves.
Understand the buyer’s mindset. You may encounter homebuyers who will come in with an unacceptably low bid because they think fall sellers are eager to sell. Depending on what you need, deal with these potential buyers accordingly and work to find a mutually agreeable price if that is possible.
Flexibility is the key. Selling a home this time of the year means a certain amount of flexibility. Working with your buyers will help with a sale. Be prepared to show your home at any reasonable time and hold open houses. Also consider paying closing costs and pitching in with minor repairs.
While fall isn’t the easiest time of the year to sell, with some flexibility and negotiation, both the seller and buyer can experience a positive sale.
Monday, October 25, 2010
Home affordability is the best in 40 years
Home sellers and buyers can win with flexibility and diligence
If you’re on the edge about buying or selling a home right now, consider this: according to the Beacon Economics Home Affordability Index, homes are at their most affordable level since 1969. An August 2010 estimate shows the cost of home ownership, including mortgage, interest and principal payments with a 20 percent down payment, leveling at 16.9 percent.
Nationwide, prices are down approximately 25 percent from their peak, and mortgage rates are at all-time lows, according to Christopher Thornberg, Beacon Economics Founding Principal.
All well and good, but how do buyers and sellers come away from a transaction with satisfying results? Flexibility, adaptability, and above all, respect are the keys.
Buyers should:
Respect a budget. Even before you start the search, check your finances and be realistic about what you can afford. Don’t just consider the purchase price, but all the expenses that come with buying and maintaining a house. Write that number down–make it real–and keep that number in your head. If you are buying with a partner, be sure both of you agree on a price in the beginning. Purchasing real estate can be stressful without adding personal conflict.
List your home first. If you own a home now, get the property up and running. Simplicity is the key right now. Lenders prefer uncomplicated sales and contingencies can be rejected.
Make a reasonable offer. While many homes are selling below asking price, submitting a really lowball offer is offensive and counterproductive. Do go for a good deal, but show respect for the seller too.
Get an inspection. Hiring a trusted inspector to check out your potential home is an absolute must. You don’t want surprises just before the keys are yours. The cost of an inspection is miniscule in comparison to massive repairs you may have to make in the future.
Sellers should:
Be reasonable. The market, not your emotions, will dictate your selling price. Being greedy in this market is counterproductive. If you price at market, or a bit below, you could experience a bidding war and end with more money.
Clean it. Decluttering is essential. Pack up all personal collections that make the potential buyer distracted from your home’s architectural features and seeing the home as theirs.
Be flexible. One small thing may push a potential buyer into a contract. If the buyer really likes your wine cooler, consider it part of the sale. What is the advantage of haggling over a small appliance in relationship to selling your home at the best price?
Both buyers and sellers can work together for a happy ending with a bit of flexibility and respect.
If you’re on the edge about buying or selling a home right now, consider this: according to the Beacon Economics Home Affordability Index, homes are at their most affordable level since 1969. An August 2010 estimate shows the cost of home ownership, including mortgage, interest and principal payments with a 20 percent down payment, leveling at 16.9 percent.
Nationwide, prices are down approximately 25 percent from their peak, and mortgage rates are at all-time lows, according to Christopher Thornberg, Beacon Economics Founding Principal.
All well and good, but how do buyers and sellers come away from a transaction with satisfying results? Flexibility, adaptability, and above all, respect are the keys.
Buyers should:
Respect a budget. Even before you start the search, check your finances and be realistic about what you can afford. Don’t just consider the purchase price, but all the expenses that come with buying and maintaining a house. Write that number down–make it real–and keep that number in your head. If you are buying with a partner, be sure both of you agree on a price in the beginning. Purchasing real estate can be stressful without adding personal conflict.
List your home first. If you own a home now, get the property up and running. Simplicity is the key right now. Lenders prefer uncomplicated sales and contingencies can be rejected.
Make a reasonable offer. While many homes are selling below asking price, submitting a really lowball offer is offensive and counterproductive. Do go for a good deal, but show respect for the seller too.
Get an inspection. Hiring a trusted inspector to check out your potential home is an absolute must. You don’t want surprises just before the keys are yours. The cost of an inspection is miniscule in comparison to massive repairs you may have to make in the future.
Sellers should:
Be reasonable. The market, not your emotions, will dictate your selling price. Being greedy in this market is counterproductive. If you price at market, or a bit below, you could experience a bidding war and end with more money.
Clean it. Decluttering is essential. Pack up all personal collections that make the potential buyer distracted from your home’s architectural features and seeing the home as theirs.
Be flexible. One small thing may push a potential buyer into a contract. If the buyer really likes your wine cooler, consider it part of the sale. What is the advantage of haggling over a small appliance in relationship to selling your home at the best price?
Both buyers and sellers can work together for a happy ending with a bit of flexibility and respect.
Wednesday, October 20, 2010
Pending home sales are up for the second month in a row
First-time homebuyers can make the purchase rewarding with careful planning and financial honesty
A glimmer of positive movement surfaced in the real estate market this week–pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.
For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.
Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.
Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.
Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)
Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.
Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.
Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.
Written by Myra Vandersall
A glimmer of positive movement surfaced in the real estate market this week–pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now.
For first-time homebuyers, the process can be intimidating, but breaking down the steps brings the experience into perspective. Here are some hints to make your home purchase as smooth as possible.
Determine a budget–Be honest about how much you can spend. Factor in expenses not directly included in the actual purchase price, such as closing costs, inspections, repairs and mortgage insurance. Also think about long-term expenses–in addition to the mortgage payments, utilities, insurance, small and large disasters and maintenance can eat up a large chunk of your monthly income.
Just because you’ve been pre-approved for a $200,000 loan at $2,000 a month doesn’t mean it’s a good idea to spend that much. By pushing your financial limits, you could be “house rich and cash poor” or even houseless should your income be severely diminished.
Find a reliable lender–This is important and will avoid unpleasant surprises down the line. For starters, discuss your potential mortgage with a loan officer at your bank and get some basic figures. Ask your real estate agent for referrals. Loan officers who have a good working relationship with real estate agents will be fair and get the loan closed on time. (By the way, there are no referral fees; that’s illegal and a good agent would never do that.)
Be competitive and fair–In a slow moving market, some homebuyers feel that sellers are so desperate to sell their home that they will take any lowball offer just to move on. That can be very insulting to a seller, who may not wish to deal with you. Of course you want the best price possible, but the process entails mutual respect, a reasonable starting bid, and fair market value.
Choose your agent carefully–Not only should professionalism and a great sales record be a choice for an agent, but personality plays a part too. Interview several agents and, all being equal at the end, decide which agent you would best work with on a personal level.
Plotting a methodical, sensible course to home buying with your dream house as the prize at the end will make the process less stressful and more rewarding.
Written by Myra Vandersall
Tuesday, October 12, 2010
Tax breaks are available to homeowners
Buying a home comes with some tax perks if you’re willing to file the IRS long form
April 15 may seem like a long time away, but if you’ve just bought a home, you can make tax time less stressful now. Proper tax planning now may reap deduction benefits next year. Tax breaks are available for property owners, but only if you itemize your deductions instead of filing the short form.
Tax breaks for property owners include:
• Mortgage interest¬–For most homeowners, the biggest portion of your house payment goes to interest. All of the interest is tax-deductible. In the beginning of your loan, a much smaller part begins repaying the debt.
• Real estate taxes¬–Also known as property taxes, this is the annual tax that most state and local governments charge on the assessed value of your real property.
• Points–These are lender fees associated with getting a mortgage. Each point equals 1% of the loan principal. Points can add up to thousands of dollars, with one to three points common on most home loans. You can deduct points in the year you paid them if the loan is to purchase or build you main residence.
• Moving expenses–You could deduct moving expenses if you are self-employed or an employee, if your move is related to starting work at a new job location.
You also have a new address and to make life a lot simpler before tax time, you need to notify several agencies, including the Internal Revenue Service, the U.S. Postal Service and your employer. If you’ve had a name change too, notify the Social Security Administration so that your Social Security number will match when you file your tax returns.
The IRS requires that you file Form 8822. That form is downloadable at IRS.gov or by calling 800.829.3676. If you’ve had a name change, it’s necessary to filed Form SS-5, which is an application for a new Social Security card. That form is returned to your local Social Security office.
With a bit of advanced planning, tax deductions can make your home sweet home sweeter than ever!
April 15 may seem like a long time away, but if you’ve just bought a home, you can make tax time less stressful now. Proper tax planning now may reap deduction benefits next year. Tax breaks are available for property owners, but only if you itemize your deductions instead of filing the short form.
Tax breaks for property owners include:
• Mortgage interest¬–For most homeowners, the biggest portion of your house payment goes to interest. All of the interest is tax-deductible. In the beginning of your loan, a much smaller part begins repaying the debt.
• Real estate taxes¬–Also known as property taxes, this is the annual tax that most state and local governments charge on the assessed value of your real property.
• Points–These are lender fees associated with getting a mortgage. Each point equals 1% of the loan principal. Points can add up to thousands of dollars, with one to three points common on most home loans. You can deduct points in the year you paid them if the loan is to purchase or build you main residence.
• Moving expenses–You could deduct moving expenses if you are self-employed or an employee, if your move is related to starting work at a new job location.
You also have a new address and to make life a lot simpler before tax time, you need to notify several agencies, including the Internal Revenue Service, the U.S. Postal Service and your employer. If you’ve had a name change too, notify the Social Security Administration so that your Social Security number will match when you file your tax returns.
The IRS requires that you file Form 8822. That form is downloadable at IRS.gov or by calling 800.829.3676. If you’ve had a name change, it’s necessary to filed Form SS-5, which is an application for a new Social Security card. That form is returned to your local Social Security office.
With a bit of advanced planning, tax deductions can make your home sweet home sweeter than ever!
Monday, October 4, 2010
Older Americans are willing to downsize homes and work longer to maintain lifestyle
Boomers have also redefined what are necessities instead of luxuries.
One of the most influential groups in modern history–the Baby Boomers–changed the fabric of American life and are in the forefront again, in housing and what they define as basic needs.
More than 35 million Americans are age 65 or older and the home ownership rate is 80 percent, according to the Aging In Place Initiative. Older Americans are willing to downsize their homes to maintain a certain lifestyle.
Rather than moving to warmer climates, most want to stay in the communities where they live, work and raised their children. MainStay Investments found that 47 percent of older Americans surveyed would downsize their home and work longer to maintain what they consider basic needs.
Traditionally those would be food, clothing and housing. Now, those basic needs include a far more eclectic mix. Eighty-four percent of those surveyed reported having an Internet connection is a basic need, and 66 percent felt that shopping for birthdays and special occasions is a necessity.
Pet care is considered a necessity for 51 percent of respondents while 50 percent feel that taking a vacation once a year is a need, not a luxury. The list also includes weekend getaways, professional hair care, education and dining out.
Many of these needs do make sense; because families can be spread all over the country, the web helps keep them connected with each other’s lives. Pets have become another source of emotional support when families no longer have a local connection.
But the age of excess is over and older Americans, never very good at saving, must continue to re-evaluate what is important and make adjustments for a future in an uncertain economy.
One of the most influential groups in modern history–the Baby Boomers–changed the fabric of American life and are in the forefront again, in housing and what they define as basic needs.
More than 35 million Americans are age 65 or older and the home ownership rate is 80 percent, according to the Aging In Place Initiative. Older Americans are willing to downsize their homes to maintain a certain lifestyle.
Rather than moving to warmer climates, most want to stay in the communities where they live, work and raised their children. MainStay Investments found that 47 percent of older Americans surveyed would downsize their home and work longer to maintain what they consider basic needs.
Traditionally those would be food, clothing and housing. Now, those basic needs include a far more eclectic mix. Eighty-four percent of those surveyed reported having an Internet connection is a basic need, and 66 percent felt that shopping for birthdays and special occasions is a necessity.
Pet care is considered a necessity for 51 percent of respondents while 50 percent feel that taking a vacation once a year is a need, not a luxury. The list also includes weekend getaways, professional hair care, education and dining out.
Many of these needs do make sense; because families can be spread all over the country, the web helps keep them connected with each other’s lives. Pets have become another source of emotional support when families no longer have a local connection.
But the age of excess is over and older Americans, never very good at saving, must continue to re-evaluate what is important and make adjustments for a future in an uncertain economy.
Tuesday, September 28, 2010
Homeowners can save money and improve quality of life by using free conservation tips.
Turning lights off and reducing water usage will make a big difference
This summer was hot. And humid. And uncomfortable. Those temperatures are moderating, but the utility bills are flooding our mailboxes. Keeping cool in Missouri can be an expensive undertaking. We know that energy efficiency for our homes is the way to go now, not only from an expense standpoint, but also from an ecological view. EnergyStar® appliances, new windows, solar panels and more insulation are very important, but there are also things that you and your family can do every day that cost nothing and considerably reduce your utilities.
Turn the lights out. Your furniture is not afraid of the dark. If you or a family member won’t be in a room for more than five minutes, flip the switch. Ditto for the television, radio and video games. Where ever possible use compact florescent light bulbs. They use a fourth of the energy of an incandescent bulb and produce the same amount of light.
Homeowners can save money and improve quality of life by using free conservation tips.
Window coverings are another energy saving method. Keep the drapes closed on the east side of the house in the morning, open in the afternoon, and drapes closed on the west side during the late afternoon.
With cooler temperatures coming, turn off the air conditioning, open the windows and enjoy real air. Ceiling fans will help circulate fresh air both during the day and nighttime. As frigid air moves in, keep your thermostat at 68 degrees during the day and around 55 at night. Programmable thermostats are great and help keep a constant temperature. If you go away for an extended period of time, set the thermostat at 55 degrees. You can save from five to 20 percent on your heating costs.
Water runs freely in this part of the country, but it really is a very precious resource. Just a few techniques can save hundreds of gallons of water each week and reduce your water bill. Approximately 75 percent of the water we use at home is in the bathroom. According to the Environmental Protection Agency (EPA), the average bathroom faucet flows at two gallons per minute. If you turn the tap off when brushing your teeth in the morning and at bedtime you can save up to eight gallons of water per day, and that equals 240 gallons a month!
Americans love their long, hot showers and baths, but consider this: taking a five-minute shower uses 10-25 gallons of water while a bath can consume up to 70 gallons. Replacing current shower and sink fixtures with low flow aerators will also save a considerable amount of water.
Would you like to know how much water your family uses in a day? The U.S. Geological Survey has a great survey you can complete to find out your totals. This is a fun exercise to do with children to help them understand the ramifications of letting the faucet run.
If you would like to learn more tips on saving energy, saving money and being more environmentally friendly, The U.S. Department of Energy has a booklet you can download or order.
With just a few minor adjustments in habit, homeowners and families have the opportunity to keep energy expenses under control and help our quality of living.
by Myra Vandersall
This summer was hot. And humid. And uncomfortable. Those temperatures are moderating, but the utility bills are flooding our mailboxes. Keeping cool in Missouri can be an expensive undertaking. We know that energy efficiency for our homes is the way to go now, not only from an expense standpoint, but also from an ecological view. EnergyStar® appliances, new windows, solar panels and more insulation are very important, but there are also things that you and your family can do every day that cost nothing and considerably reduce your utilities.
Turn the lights out. Your furniture is not afraid of the dark. If you or a family member won’t be in a room for more than five minutes, flip the switch. Ditto for the television, radio and video games. Where ever possible use compact florescent light bulbs. They use a fourth of the energy of an incandescent bulb and produce the same amount of light.
Homeowners can save money and improve quality of life by using free conservation tips.
Window coverings are another energy saving method. Keep the drapes closed on the east side of the house in the morning, open in the afternoon, and drapes closed on the west side during the late afternoon.
With cooler temperatures coming, turn off the air conditioning, open the windows and enjoy real air. Ceiling fans will help circulate fresh air both during the day and nighttime. As frigid air moves in, keep your thermostat at 68 degrees during the day and around 55 at night. Programmable thermostats are great and help keep a constant temperature. If you go away for an extended period of time, set the thermostat at 55 degrees. You can save from five to 20 percent on your heating costs.
Water runs freely in this part of the country, but it really is a very precious resource. Just a few techniques can save hundreds of gallons of water each week and reduce your water bill. Approximately 75 percent of the water we use at home is in the bathroom. According to the Environmental Protection Agency (EPA), the average bathroom faucet flows at two gallons per minute. If you turn the tap off when brushing your teeth in the morning and at bedtime you can save up to eight gallons of water per day, and that equals 240 gallons a month!
Americans love their long, hot showers and baths, but consider this: taking a five-minute shower uses 10-25 gallons of water while a bath can consume up to 70 gallons. Replacing current shower and sink fixtures with low flow aerators will also save a considerable amount of water.
Would you like to know how much water your family uses in a day? The U.S. Geological Survey has a great survey you can complete to find out your totals. This is a fun exercise to do with children to help them understand the ramifications of letting the faucet run.
If you would like to learn more tips on saving energy, saving money and being more environmentally friendly, The U.S. Department of Energy has a booklet you can download or order.
With just a few minor adjustments in habit, homeowners and families have the opportunity to keep energy expenses under control and help our quality of living.
by Myra Vandersall
Monday, September 20, 2010
Fixed-rate mortgages are down again, opening more opportunity for buyers and sellers
In the very near future, the Echo Boomers will have a positive effect
Fixed-rate mortgages (FRM) have declined again according to Freddie Mac’s Mortgage Market Survey, and there are some very motivated sellers out there who are willing to deal. This week the 30-year fixed-rate mortgage averaged 4.36 percent, a 0.7 point drop from the previous week. A year ago, this mortgage averaged 5.24 percent.
The 15-year FRM set a record low with an average of 3.86 percent. Last year at this time the 15-year mortgage averaged 4.58 percent. Home sales, both existing and new, slowed down precipitously in July following the close of the $8,000 tax credit plan. Freddie Mac Deputy chief economist Amy Crews Cutts reports that much of the recent housing slowdown was “expected due to the recently expired homebuyer tax programs.” On the plus side, Crews Cutts sees house prices stabilizing. “Nationally, house prices rose 0.9 percent seasonally adjusted during the second quarter. This after 11 consecutive quarterly declines.”
While much of the economic news isn’t as heartening as we projected, there is some room for hope for buyers and sellers. Sellers really want to sell. They are motivated, want to deal and move on. In the same scenario, lenders are eager to sell foreclosed and underwater properties. This is an opening for buyers who are patient, willing to wait and push complex contracts to a successful end.
As it is now, the crux of economic recovery depends on more employment, which will lead to a more robust housing market and increased consumer spending. Looking ahead, another massive influence in housing is the coming of age of the Echo Boomers, or the children of the baby boomers. Born between 1977 and 1997, this group is the largest demographic group in the United States and is expected to raise housing demand for the next two decades.
This group will be buying real estate, but in a much different way than their parents. Tethered to high-tech, digital devices and more impressed with their peer’s opinions rather than traditional advertising, this social networking generation will test buyers, sellers and the real estate industry to adapt to their way of doing business.
As we struggle with a slow economic recovery, it will be interesting to see how we learn to adapt to a new way of doing business in the very near future.
Fixed-rate mortgages (FRM) have declined again according to Freddie Mac’s Mortgage Market Survey, and there are some very motivated sellers out there who are willing to deal. This week the 30-year fixed-rate mortgage averaged 4.36 percent, a 0.7 point drop from the previous week. A year ago, this mortgage averaged 5.24 percent.
The 15-year FRM set a record low with an average of 3.86 percent. Last year at this time the 15-year mortgage averaged 4.58 percent. Home sales, both existing and new, slowed down precipitously in July following the close of the $8,000 tax credit plan. Freddie Mac Deputy chief economist Amy Crews Cutts reports that much of the recent housing slowdown was “expected due to the recently expired homebuyer tax programs.” On the plus side, Crews Cutts sees house prices stabilizing. “Nationally, house prices rose 0.9 percent seasonally adjusted during the second quarter. This after 11 consecutive quarterly declines.”
While much of the economic news isn’t as heartening as we projected, there is some room for hope for buyers and sellers. Sellers really want to sell. They are motivated, want to deal and move on. In the same scenario, lenders are eager to sell foreclosed and underwater properties. This is an opening for buyers who are patient, willing to wait and push complex contracts to a successful end.
As it is now, the crux of economic recovery depends on more employment, which will lead to a more robust housing market and increased consumer spending. Looking ahead, another massive influence in housing is the coming of age of the Echo Boomers, or the children of the baby boomers. Born between 1977 and 1997, this group is the largest demographic group in the United States and is expected to raise housing demand for the next two decades.
This group will be buying real estate, but in a much different way than their parents. Tethered to high-tech, digital devices and more impressed with their peer’s opinions rather than traditional advertising, this social networking generation will test buyers, sellers and the real estate industry to adapt to their way of doing business.
As we struggle with a slow economic recovery, it will be interesting to see how we learn to adapt to a new way of doing business in the very near future.
Friday, September 17, 2010
10 Reasons to Buy a Home
Time magazine is being overly pessimistic in its recent cover piece that called into question the benefits of homeownership. In fact, now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed.
Why is now a great time to buy? Here are 10 reasons:
1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It'll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.
8. It's forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year's supply. Now's the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.
Source: Wall Street Journal, Brett Arends (9/16/10)
Why is now a great time to buy? Here are 10 reasons:
1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income.
2. Mortgages are cheap. At 4.3 percent on average for a 30-year fixed-rate mortgage, your costs to own are down by a fifth from two years ago.
3. You can save on taxes. When you add up the deductions for mortgage interest and others, the cost of owning can drop below renting for a comparable place.
4. It'll be yours. The one benefit to owning that never changes is that you can paint your walls orange if you want (generally speaking; there might be some community restrictions). How many landlords will let you do that?
5. You can get a better home. In some markets, it's simply the case that the nicest places are for-sale homes and condos.
6. It offers some inflation protection. Historically, appreciation over time outpaces inflation.
7. It's risk capital. If the economy picks up, you stand to benefit from that, even if you're goal is just to have a nice place to live.
8. It's forced savings. A part of your payment each month goes to equity.
9. There is a lot to choose from. There are some 4 million homes available today, about a year's supply. Now's the time to find something you like and get it.
10. Sooner or later the market will clear. The U.S. is expected to grow by another 100 million people in 40 years. They have to live somewhere. Demand will eventually outpace supply.
Source: Wall Street Journal, Brett Arends (9/16/10)
Wednesday, September 15, 2010
Amendment 3 to stop double taxation will appear on the November ballot
Make sure to vote “yes” to prohibit real estate transfer taxes
There’s good news for Missouri homebuyers and sellers as Amendment 3, which if approved, would prohibit double taxation on real estate, will be placed on the November 2 ballot. The initiative had been stalled when the state of Missouri challenged the number of petition signatures to get the initiative on the ballot.
Amendment 3, supported by the Vote “YES” To Stop Double Taxation Committee and the 21,000-member Missouri Association of Realtors, would prohibit real estate transfer taxes on a sold property. The advocates see transfer taxes as double taxation because Missourians already pay property taxes on real estate, often over many decades of ownership. Missouri is one of just 13 states that do not impose the transfer tax, including all of Missouri’s neighboring states.
The Missouri Association of Realtors believes the transfer tax places undue stress on low-income Missourians who typically spend a larger percentage of income on their home.
Add the mix of Missourians who have lost their jobs, had pay cuts and have been forced to sell their homes or experienced a drop in property values, and the transfer tax just isn’t good for the recovering Missouri economy.
Here’s the simple and straightforward proposal: “Shall the Missouri Constitution be amended to prevent the state, counties and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?”
The state's dismissal of its appeal to the Missouri Supreme Court followed positive talks between the Vote "YES" To Stop Double Taxation Committee and the offices of Secretary of State Robin Carnahan and Attorney General Chris Koster. Together, they agreed to ask Cole County Circuit Judge Paul Wilson to modify his ruling in the committee's favor. The judge agreed to the modification, addressing the state's issues while declaring there were more than enough valid signatures of registered voters to place Amendment 3 on the ballot.
The next step is encouraging massive voter turnout on November 2 to insure Missouri sellers and buyers are not assessed yet another financial burden.
There’s good news for Missouri homebuyers and sellers as Amendment 3, which if approved, would prohibit double taxation on real estate, will be placed on the November 2 ballot. The initiative had been stalled when the state of Missouri challenged the number of petition signatures to get the initiative on the ballot.
Amendment 3, supported by the Vote “YES” To Stop Double Taxation Committee and the 21,000-member Missouri Association of Realtors, would prohibit real estate transfer taxes on a sold property. The advocates see transfer taxes as double taxation because Missourians already pay property taxes on real estate, often over many decades of ownership. Missouri is one of just 13 states that do not impose the transfer tax, including all of Missouri’s neighboring states.
The Missouri Association of Realtors believes the transfer tax places undue stress on low-income Missourians who typically spend a larger percentage of income on their home.
Add the mix of Missourians who have lost their jobs, had pay cuts and have been forced to sell their homes or experienced a drop in property values, and the transfer tax just isn’t good for the recovering Missouri economy.
Here’s the simple and straightforward proposal: “Shall the Missouri Constitution be amended to prevent the state, counties and other political subdivisions from imposing any new tax, including a sales tax, on the sale or transfer of homes or any other real estate?”
The state's dismissal of its appeal to the Missouri Supreme Court followed positive talks between the Vote "YES" To Stop Double Taxation Committee and the offices of Secretary of State Robin Carnahan and Attorney General Chris Koster. Together, they agreed to ask Cole County Circuit Judge Paul Wilson to modify his ruling in the committee's favor. The judge agreed to the modification, addressing the state's issues while declaring there were more than enough valid signatures of registered voters to place Amendment 3 on the ballot.
The next step is encouraging massive voter turnout on November 2 to insure Missouri sellers and buyers are not assessed yet another financial burden.
Monday, September 13, 2010
Bathroom renovations top kitchens as the best home investment
Curb appeal, updated kitchens and bathrooms are always big draws for potential buyers. Kitchens were traditionally the most common remodel, but this year the bathroom has surged ahead, according to a survey conducted by the National Association of Home Builders.
Homeowners are also avoiding large remodeling projects, such as room additions, whole house remodeling, installing pools and lavish outdoor living spaces. Instead, they choose the smaller bathroom project that can add panache and a sense of individuality.
While small, a bathroom remodel can be expensive, as is any project involving plumbing and water. Bathrooms today are being designed as personal retreats from the frenetic pace of life. Soaking tubs are big, as is a separate shower, beautiful tile, radiant heating and heated towel racks.
Still, remodeling a bathroom is one of the smarter investments a homeowner can do to add value.
The first step is to conceptualize just what you want for your bathroom. Writing a wish list helps with organization, and with deciding how much the project may cost. Research bathroom ideas at retail stores and by visiting newly remodeled bathrooms. You’ll be surprised how a simple idea turns into a functional centerpiece. The Internet is another wonderful resource for ideas, color coordination, bath features and online planning guides.
Doing this preliminary work also sets the stage for the second step, finding a reliable, professional contractor. Communication is the absolute key when doing a renovation, and unless you and the contractor are speaking the same language and understand the ultimate goal, problems will pop up.
While some do-it-yourselfers may be able to take on a bathroom remodel, a contractor is usually the best bet. He or she knows how to get the required permits and build according to your local code. Nothing is more disheartening when an inspector comes, finds issues and the whole job needs to be taken out.
Two major concepts are important in your remodel–lighting and circulation. John Rhia at houselogic.com emphasizes how important natural lighting and heavy-duty ventilation are. Good lighting creates an open, airy feeling, which is especially important in a small bathroom. And, well-designed lighting systems remove shadows so you’ll know how you look in the morning.
Ventilation is a major issue. Without it, the bathroom not only smells, well, like a locker room, but also breeds humidity, mold and mildew. Not only are these culprits expensive to remediate, they also will destroy expensive cabinetry.
A bathroom upgrade will bring many rewards, not only by adding value to you home, but also by providing you with a peaceful retreat to start and end your day. For success, take it slowly, be specific about what you want, and let the experts handle the water and plumbing.
Homeowners are also avoiding large remodeling projects, such as room additions, whole house remodeling, installing pools and lavish outdoor living spaces. Instead, they choose the smaller bathroom project that can add panache and a sense of individuality.
While small, a bathroom remodel can be expensive, as is any project involving plumbing and water. Bathrooms today are being designed as personal retreats from the frenetic pace of life. Soaking tubs are big, as is a separate shower, beautiful tile, radiant heating and heated towel racks.
Still, remodeling a bathroom is one of the smarter investments a homeowner can do to add value.
The first step is to conceptualize just what you want for your bathroom. Writing a wish list helps with organization, and with deciding how much the project may cost. Research bathroom ideas at retail stores and by visiting newly remodeled bathrooms. You’ll be surprised how a simple idea turns into a functional centerpiece. The Internet is another wonderful resource for ideas, color coordination, bath features and online planning guides.
Doing this preliminary work also sets the stage for the second step, finding a reliable, professional contractor. Communication is the absolute key when doing a renovation, and unless you and the contractor are speaking the same language and understand the ultimate goal, problems will pop up.
While some do-it-yourselfers may be able to take on a bathroom remodel, a contractor is usually the best bet. He or she knows how to get the required permits and build according to your local code. Nothing is more disheartening when an inspector comes, finds issues and the whole job needs to be taken out.
Two major concepts are important in your remodel–lighting and circulation. John Rhia at houselogic.com emphasizes how important natural lighting and heavy-duty ventilation are. Good lighting creates an open, airy feeling, which is especially important in a small bathroom. And, well-designed lighting systems remove shadows so you’ll know how you look in the morning.
Ventilation is a major issue. Without it, the bathroom not only smells, well, like a locker room, but also breeds humidity, mold and mildew. Not only are these culprits expensive to remediate, they also will destroy expensive cabinetry.
A bathroom upgrade will bring many rewards, not only by adding value to you home, but also by providing you with a peaceful retreat to start and end your day. For success, take it slowly, be specific about what you want, and let the experts handle the water and plumbing.
Thursday, September 9, 2010
Native plants show a respect for our environment and reduce the homeowner’s labor
Missouri is a wonderfully diverse state, with flat plains to the north and the craggy Ozarks to the south. With different terrains come a cornucopia of native plants that will do quite well in your landscaping plans and require little maintenance once established.
The first look a potential buyer has of your house is the drive-by, or curb appeal. If the buyer doesn’t like the outside, most likely the interest goes down, almost regardless of how wonderful the inside is. Enhance your property and show off the beautiful Missouri native plants, whether you are selling now or planning on staying for a while.
From a small balcony garden to acres and acres of land, planting native has distinct advantages:
Once established, native plants need minimal watering, reducing your water bill and the time it takes to spray the plantings.
Because the plants are acclimated to grow in Missouri soil, they establish quickly and don’t need pampering.
Native plants have already dealt and adapted to the problems of pests and weeds. This reduces the need for commercial fertilizers and pesticides, thereby saving you money and reducing your chemical footprint.
Birds and butterflies thrive on native plants, giving you a garden paradise and hours of entertainment watching those in flight coming and going.
Missouri native plants adapt well to sun or shade. For your sunny garden, the Missouri black-eyed Susan is a sure hit. Found in the Ozarks, this tenacious flower can handle rocky areas with well-drained soil. Another winner is the Missouri primrose, or the glade lily, which also does well in rocky areas. The lemon-yellow flowers open in the afternoon for nighttime pollination. The prairie blazing star is another sun worshipper and blooms into October to keep your garden colorful. Butterflies love these purple plums.
On the shady side, there are plenty of choices, all attracting butterflies and hummingbirds. The crested iris is an impressive ground cover in partial shade and just right for landscape borders. The columbine, with its red tubular flowers, is a popular nectar source for hummingbirds and flowers from April through July in average to moist soil. Very common but still spectacular and tough is the purple coneflower. Well into October, the purple blossoms will provide flowers for cutting bouquets.
Including native plants in your yardscape is a gradual process, one the demands planning and patience, but you’ll be rewarded with a low maintenance, natural garden. To learn more about planting native, visit grownative.org and for a downloadable guide, visit the Missouri Department of Conservation website.
10 Features Home Buyers Want
And what are the hottest must-haves now? Avid Ratings identified these buyer preferences:
- Large kitchens with islands
- Energy efficiency, including energy-efficient appliances, super insulation and high- efficiency windows
- Main floor master suite
- Soaking tub in the master suite plus an oversized shower with seating area
- Home offices
- Outdoor living space
- Two-car garages, but three-car is even better
- Brick and stone exteriors instead of stucco or vinyl
- Community walking paths and playgrounds
- Ceiling fans
Monday, September 6, 2010
Older Americans are willing to downsize homes and work longer to maintain lifestyle
Boomers have also redefined what are necessities instead of luxuries.
One of the most influential groups in modern history–the Baby Boomers¬–changed the fabric of American life and are in the forefront again, in housing and what they define as basic needs.
More than 35 million Americans are age 65 or older and the home ownership rate is 80 percent, according to the Aging In Place Initiative. Older Americans are willing to downsize their homes to maintain a certain lifestyle.
Rather than moving to warmer climates, most want to stay in the communities where they live, work and raised their children. MainStay Investments found that 47 percent of older Americans surveyed would downsize their home and work longer to maintain what they consider basic needs.
Traditionally those would be food, clothing and housing. Now, those basic needs include a far more eclectic mix. Eighty-four percent of those surveyed reported having an Internet connection is a basic need, and 66 percent felt that shopping for birthdays and special occasions is a necessity.
Pet care is considered a necessity for 51 percent of respondents while 50 percent feel that taking a vacation once a year is a need, not a luxury. The list also includes weekend getaways, professional hair care, education and dining out.
Many of these needs do make sense; because families can be spread all over the country, the web helps keep them connected with each other’s lives. Pets have become another source of emotional support when families no longer have a local connection.
But the age of excess is over and older Americans, never very good at saving, must continue to re-evaluate what is important and make adjustments for a future in an uncertain economy.
One of the most influential groups in modern history–the Baby Boomers¬–changed the fabric of American life and are in the forefront again, in housing and what they define as basic needs.
More than 35 million Americans are age 65 or older and the home ownership rate is 80 percent, according to the Aging In Place Initiative. Older Americans are willing to downsize their homes to maintain a certain lifestyle.
Rather than moving to warmer climates, most want to stay in the communities where they live, work and raised their children. MainStay Investments found that 47 percent of older Americans surveyed would downsize their home and work longer to maintain what they consider basic needs.
Traditionally those would be food, clothing and housing. Now, those basic needs include a far more eclectic mix. Eighty-four percent of those surveyed reported having an Internet connection is a basic need, and 66 percent felt that shopping for birthdays and special occasions is a necessity.
Pet care is considered a necessity for 51 percent of respondents while 50 percent feel that taking a vacation once a year is a need, not a luxury. The list also includes weekend getaways, professional hair care, education and dining out.
Many of these needs do make sense; because families can be spread all over the country, the web helps keep them connected with each other’s lives. Pets have become another source of emotional support when families no longer have a local connection.
But the age of excess is over and older Americans, never very good at saving, must continue to re-evaluate what is important and make adjustments for a future in an uncertain economy.
Wednesday, September 1, 2010
Welcome home. The fun is just beginning when first-time home buyers move in and personalize their new space.
Furnishing a new home can be expensive. Have enough funds to provide the basics and not experience short-term financial stress.
First-time home buyers who took advantage of the $8,000 tax credit program now have the experience of moving into home ownership with all accompanying responsibility and adventure. For many, this will be the first real place to call home; the urge to personalize the new “nest” is compelling.
Coming from apartments and their parents’ homes, new home owners may not realize the scope of furnishing a home with all the necessities to make the place livable, let alone lavish. According to the National Association of Home Builders, a typical homebuyer spends an average of $7,400 on their home, with more than half of that during the first year after purchase. The first order of business for new owners is to make sure at least that amount is available and won’t send the owner into a severe budget crunch. Here are some tips to make that house a real home.
Before moving, take stock of what you have and what has just become part of the scenery. Make a list of what has sentimental value and what is clutter. Moving clutter can cost a lot, either through professional moving companies or calling on friends to heave all those boxes.
After you’ve packed up your stuff, outfit and pack a basic toolbox. Many of projects you’ll do to personalize your space require tools. The basic minimum includes a hammer, screw drivers, pliers, wrenches, a tape measure and a staple gun. Hanging those new curtains loses a lot of appeal if you have to run to the hardware store in the middle to get tools. Be prepared first.
Personalizing and furnishing your new home is one of the most exciting activities for new home buyers. Before running out to purchase that super extra king size bed or several pieces of oversized living room furniture, take accurate measurements of all the rooms and use them to judge what fits and what doesn’t. After all, too much furniture in a room makes it feel small and claustrophobic. Be a fair judge of what would compliment the furniture you already have.
You’ll also need basic appliances to get started. A stove, refrigerator, washer and dryer should be energy efficient to reduce your utility bills. Spending a bit more right now makes more sense than purchasing a cheaper model that may become a problem and financial drain later on. If you are angling for an entertainment system and a huge flat screen television, check your budget first to make sure you can buy basic furnishings before such large ticket items.
Window coverings and linens are another way to express your personality, plus add security and privacy. Budget accordingly, since some new home owners don’t plan for the cost of outfitting a house with new drapes and curtains.
Garden tools will be a necessity to keep your curb appeal top notch. The basics include a lawn mower, garden hose, sprinkler, clippers, a shovel and rakes. For people moving from an apartment, this category of necessities will be a new experience.
Purchasing and personalizing your first home is a real thrill. Be creative but approach this one room at a time. As you begin feeling at home, you’ll be able to capitalize on your home’s features and blend that with your own uniqueness.
First-time home buyers who took advantage of the $8,000 tax credit program now have the experience of moving into home ownership with all accompanying responsibility and adventure. For many, this will be the first real place to call home; the urge to personalize the new “nest” is compelling.
Coming from apartments and their parents’ homes, new home owners may not realize the scope of furnishing a home with all the necessities to make the place livable, let alone lavish. According to the National Association of Home Builders, a typical homebuyer spends an average of $7,400 on their home, with more than half of that during the first year after purchase. The first order of business for new owners is to make sure at least that amount is available and won’t send the owner into a severe budget crunch. Here are some tips to make that house a real home.
Before moving, take stock of what you have and what has just become part of the scenery. Make a list of what has sentimental value and what is clutter. Moving clutter can cost a lot, either through professional moving companies or calling on friends to heave all those boxes.
After you’ve packed up your stuff, outfit and pack a basic toolbox. Many of projects you’ll do to personalize your space require tools. The basic minimum includes a hammer, screw drivers, pliers, wrenches, a tape measure and a staple gun. Hanging those new curtains loses a lot of appeal if you have to run to the hardware store in the middle to get tools. Be prepared first.
Personalizing and furnishing your new home is one of the most exciting activities for new home buyers. Before running out to purchase that super extra king size bed or several pieces of oversized living room furniture, take accurate measurements of all the rooms and use them to judge what fits and what doesn’t. After all, too much furniture in a room makes it feel small and claustrophobic. Be a fair judge of what would compliment the furniture you already have.
You’ll also need basic appliances to get started. A stove, refrigerator, washer and dryer should be energy efficient to reduce your utility bills. Spending a bit more right now makes more sense than purchasing a cheaper model that may become a problem and financial drain later on. If you are angling for an entertainment system and a huge flat screen television, check your budget first to make sure you can buy basic furnishings before such large ticket items.
Window coverings and linens are another way to express your personality, plus add security and privacy. Budget accordingly, since some new home owners don’t plan for the cost of outfitting a house with new drapes and curtains.
Garden tools will be a necessity to keep your curb appeal top notch. The basics include a lawn mower, garden hose, sprinkler, clippers, a shovel and rakes. For people moving from an apartment, this category of necessities will be a new experience.
Purchasing and personalizing your first home is a real thrill. Be creative but approach this one room at a time. As you begin feeling at home, you’ll be able to capitalize on your home’s features and blend that with your own uniqueness.
Monday, August 23, 2010
Cleaning For A Reason helps women in treatment for cancer have sparkling clean homes
Through local cleaning and maid service partners, the Foundation relieves cleaning chores so women can focus on getting well.
Housework can be drudgery in the best of times, but for women being treated for cancer, the task can be insurmountable. Fortunately help is out there. The Cleaning For a Reason Foundation is dedicated to easing the housekeeping chores as women undergo treatment. Working with local cleaning and maid companies, the Foundation provides cleaning services once a month for four months.
Participating cleaning companies in the St. Louis area include Marvelous Maids, O’Fallon; Dee’s Cleaning Service, St. Charles; Green Angel Cleaning Service, St. Louis; Home Cleaning Centers of America, St. Louis-Midtown-South; and Go Green Clean in Webster Groves.
Founded in 2006 by Debbie Sardone, a 29-year veteran of the cleaning industry, the organization has provided more than $500,000 in free cleaning services. What a wonderful mission this group and affiliated cleaning services have taken on. By offering to help women in treatment, we see direct, immediate assistance to make their lives easier and more normal during a very difficult time.
If you know of a woman who would qualify, go to the Cleaning For A Reason website to help her begin the application process. While the Foundation does have sponsors, including Hoover and Allstate, donations are still needed to expand cleaning services. You may go here to help even more women being treated for cancer to have clean homes!
Posted by St. Charles County Real Estate at 1:28 PM
Housework can be drudgery in the best of times, but for women being treated for cancer, the task can be insurmountable. Fortunately help is out there. The Cleaning For a Reason Foundation is dedicated to easing the housekeeping chores as women undergo treatment. Working with local cleaning and maid companies, the Foundation provides cleaning services once a month for four months.
Participating cleaning companies in the St. Louis area include Marvelous Maids, O’Fallon; Dee’s Cleaning Service, St. Charles; Green Angel Cleaning Service, St. Louis; Home Cleaning Centers of America, St. Louis-Midtown-South; and Go Green Clean in Webster Groves.
Founded in 2006 by Debbie Sardone, a 29-year veteran of the cleaning industry, the organization has provided more than $500,000 in free cleaning services. What a wonderful mission this group and affiliated cleaning services have taken on. By offering to help women in treatment, we see direct, immediate assistance to make their lives easier and more normal during a very difficult time.
If you know of a woman who would qualify, go to the Cleaning For A Reason website to help her begin the application process. While the Foundation does have sponsors, including Hoover and Allstate, donations are still needed to expand cleaning services. You may go here to help even more women being treated for cancer to have clean homes!
Posted by St. Charles County Real Estate at 1:28 PM
Monday, August 16, 2010
With a plan and a dose of flexibility you can find the right house for now and the future
Even if it doesn’t have everything you want now, good financial planning will help
Is now the right time to buy your first or next home? With interest rates low, prices at a fair level and many choices out there, the temptation is to jump into the real estate market. The question is how to decide what you can afford, what features are a must, and what would be great but not a necessity.
Affordability
Even before you make a list of what you want and where you want it, the first consideration is: can you afford it? That’s non-negotiable. Consider long-term expenses, not just the up-front incentives that can dazzle a buyer. Over extending a budget for a few glitzy perks is a disaster in the making. The standard in financial planning is to spend no more than 35% of your pretax income on the mortgage, insurance and home insurance. You’ll also want to pay at least 20 percent down on the property and get a fixed-rate loan so you know exactly what your monthly payments will be.
The list
Here’s where you will detail, on paper, the type of home you want and the location. Be realistic about the positive and negative features and consider the long-term consequences of each feature. Think ahead. Don’t just buy a home for now, but consider the future. Resale value is an important factor, style can be an issue, plus room for children (and schools) and physical needs for aging parents who may move in.
Flexibility
Consider your purchase as a long-term investment, not a short-term gain. Now you have time to choose what you absolutely cannot do without, and what features are flexible. Most buyers won’t find everything they want at a price they can pay. So, if a swimming pool is on your list but the property you like doesn’t have one, putting a pool in is a goal for the future. Ditto for cosmetic things like countertops, bathroom spas and landscaping. While you may not have these up front by choosing a home with a mortgage you can manage, you’ll have the financial flexibility in the future.
With an organized home buying plan, you can minimize a great deal of the emotional impact. By determining your buying power, your wants and needs, and having an organized search plan, your chances of a stress-free experience are much better.
Is now the right time to buy your first or next home? With interest rates low, prices at a fair level and many choices out there, the temptation is to jump into the real estate market. The question is how to decide what you can afford, what features are a must, and what would be great but not a necessity.
Affordability
Even before you make a list of what you want and where you want it, the first consideration is: can you afford it? That’s non-negotiable. Consider long-term expenses, not just the up-front incentives that can dazzle a buyer. Over extending a budget for a few glitzy perks is a disaster in the making. The standard in financial planning is to spend no more than 35% of your pretax income on the mortgage, insurance and home insurance. You’ll also want to pay at least 20 percent down on the property and get a fixed-rate loan so you know exactly what your monthly payments will be.
The list
Here’s where you will detail, on paper, the type of home you want and the location. Be realistic about the positive and negative features and consider the long-term consequences of each feature. Think ahead. Don’t just buy a home for now, but consider the future. Resale value is an important factor, style can be an issue, plus room for children (and schools) and physical needs for aging parents who may move in.
Flexibility
Consider your purchase as a long-term investment, not a short-term gain. Now you have time to choose what you absolutely cannot do without, and what features are flexible. Most buyers won’t find everything they want at a price they can pay. So, if a swimming pool is on your list but the property you like doesn’t have one, putting a pool in is a goal for the future. Ditto for cosmetic things like countertops, bathroom spas and landscaping. While you may not have these up front by choosing a home with a mortgage you can manage, you’ll have the financial flexibility in the future.
With an organized home buying plan, you can minimize a great deal of the emotional impact. By determining your buying power, your wants and needs, and having an organized search plan, your chances of a stress-free experience are much better.
Thursday, August 12, 2010
Inexpensive staging tips can increase a buyer’s interest and help sell a home quickly
Decluttering and a good cleaning are givens when selling a home, but the owner can increase the probability of a sale by using staging techniques. Staging helps a seller think like a buyer. Embracing this perspective early on will help prepare the home for the market. Small staging changes can make the biggest difference in the sales price and time on the market.
Make a Difference and Set Your Home Apart from the Crowd
To sell a home in this market, homeowners must compete in two areas–visual appeal and pricing, which is 80% of selling a property. While the price is the first lure, how well the home looks is the clincher.
Here’s where home staging plays a pivotal role. The technique highlights the home’s positive features and downplays the problem areas. Sellers have the opportunity showcase a home that welcomes a potential buyer into a space they can see as their own.
Set the Stage
While a seller can hire a professional stager, a lot of small-scale changes can help the process along. Here are some home staging tips that any seller can do personally.
Paint–Neutral colors that leave the buyer room for imagination are standard, but that doesn’t mean boring works. Earth-toned palettes, such as grey, sage, soft yellow, spa blue and beige warm a home and give the potential buyer a sense of well-being.
Give rooms a purpose–Even if the seller is comfortable with the computer in the dining room, the buyer needs to see a dining room table, not a nest of cables. Each room should be staged to reflect a specific purpose. Even a space that seemly don’t have a purpose can be set up as a cozy reading area with a chair, lamp and side table.
Furniture arrangement–The point is to open up visual space and create conversation areas that feel light and airy. A good rule of thumb is to remove two pieces of furniture, especially if they are oversized, and move the remaining furniture away from the walls.
Bedroom oasis–The bedroom should be an inviting focal point with upscale bedding in simple patterns. Include throws, pillow shams and a comforter folded at the end of the bed. A small sitting area with a cozy chair and reading lamp will also welcome a buyer.
Expert help
Real estate agents who value staging as the ramp to the sale will make all the difference. Choose an agent who can see the home as a buyer would, and who will offer the best advice for a seller to be competitive in today’s market.
Make a Difference and Set Your Home Apart from the Crowd
To sell a home in this market, homeowners must compete in two areas–visual appeal and pricing, which is 80% of selling a property. While the price is the first lure, how well the home looks is the clincher.
Here’s where home staging plays a pivotal role. The technique highlights the home’s positive features and downplays the problem areas. Sellers have the opportunity showcase a home that welcomes a potential buyer into a space they can see as their own.
Set the Stage
While a seller can hire a professional stager, a lot of small-scale changes can help the process along. Here are some home staging tips that any seller can do personally.
Paint–Neutral colors that leave the buyer room for imagination are standard, but that doesn’t mean boring works. Earth-toned palettes, such as grey, sage, soft yellow, spa blue and beige warm a home and give the potential buyer a sense of well-being.
Give rooms a purpose–Even if the seller is comfortable with the computer in the dining room, the buyer needs to see a dining room table, not a nest of cables. Each room should be staged to reflect a specific purpose. Even a space that seemly don’t have a purpose can be set up as a cozy reading area with a chair, lamp and side table.
Furniture arrangement–The point is to open up visual space and create conversation areas that feel light and airy. A good rule of thumb is to remove two pieces of furniture, especially if they are oversized, and move the remaining furniture away from the walls.
Bedroom oasis–The bedroom should be an inviting focal point with upscale bedding in simple patterns. Include throws, pillow shams and a comforter folded at the end of the bed. A small sitting area with a cozy chair and reading lamp will also welcome a buyer.
Expert help
Real estate agents who value staging as the ramp to the sale will make all the difference. Choose an agent who can see the home as a buyer would, and who will offer the best advice for a seller to be competitive in today’s market.
Monday, August 2, 2010
Ceiling fans make life more comfortable year round
Cooling in the summer, warming in the winter, ceiling fans sweep away energy costs
The August sizzle is in the air, a blanket of humidity has descended over the metro area and air conditioners are working overtime. One inexpensive solution to help the AC is adding ceiling fans to your home. If you choose an Energy Star fan, you’ll not only increase your comfort level but also decrease your utility bill, sometimes as much as 15 percent. Fan design has improved so much over the years that there’s a fan for any décor, from the traditional Tiffany glass and dark wood models to ultra modern one-blade fans. Prices are also reasonable in relationship to the ultimate cost savings and comfort.
Don’t think of ceiling fans as just a summertime thing–in the winter fans with reversible blades circulate the hotter air that rises to the ceiling, helping to lower your heating bills too.
Before you rush out to buy a fan, do some homework first and determine the square footage. Measure the length and width of your room and multiple the numbers. That’s the square footage. Keep in mind the style of the room, and decide if you want a light kit and remote controls.
According to the American Lighting Association, choosing a fan that fits your room size gives you the maximum efficiency. In a room up to 75 square feet, like a bathroom, a 29-36 inch fan is appropriate. Medium sized rooms up to 144 square feet can handle ceiling fans from 36-42 inches. For larger bedrooms and family rooms in the 225 square foot range, the most efficient fans are 50-54 inches. The number of blades makes some difference in airflow, but whether to choose a four, five or six-blade fan is really a matter of personal design choice.
Ceiling fans do such an efficient job of circulating air when used correctly. Paul Vrabel of ICF International, an energy solutions firm, explains how to operate fans properly. “Put them on when you are in the room–during the day and when sleeping–and turn them off when you leave. Ceiling fans cool people, not the air. Using fans wisely and turning down the AC can save a lot of money.”
The August sizzle is in the air, a blanket of humidity has descended over the metro area and air conditioners are working overtime. One inexpensive solution to help the AC is adding ceiling fans to your home. If you choose an Energy Star fan, you’ll not only increase your comfort level but also decrease your utility bill, sometimes as much as 15 percent. Fan design has improved so much over the years that there’s a fan for any décor, from the traditional Tiffany glass and dark wood models to ultra modern one-blade fans. Prices are also reasonable in relationship to the ultimate cost savings and comfort.
Don’t think of ceiling fans as just a summertime thing–in the winter fans with reversible blades circulate the hotter air that rises to the ceiling, helping to lower your heating bills too.
Before you rush out to buy a fan, do some homework first and determine the square footage. Measure the length and width of your room and multiple the numbers. That’s the square footage. Keep in mind the style of the room, and decide if you want a light kit and remote controls.
According to the American Lighting Association, choosing a fan that fits your room size gives you the maximum efficiency. In a room up to 75 square feet, like a bathroom, a 29-36 inch fan is appropriate. Medium sized rooms up to 144 square feet can handle ceiling fans from 36-42 inches. For larger bedrooms and family rooms in the 225 square foot range, the most efficient fans are 50-54 inches. The number of blades makes some difference in airflow, but whether to choose a four, five or six-blade fan is really a matter of personal design choice.
Ceiling fans do such an efficient job of circulating air when used correctly. Paul Vrabel of ICF International, an energy solutions firm, explains how to operate fans properly. “Put them on when you are in the room–during the day and when sleeping–and turn them off when you leave. Ceiling fans cool people, not the air. Using fans wisely and turning down the AC can save a lot of money.”
Thursday, July 29, 2010
O’Fallon, St. Peters are recognized in Money Magazine’s Best Places to Live among small U.S. cities.
Both cities are praised for affordable housing, and as great places to raise families.
Our hearty congratulations go out to O’Fallon and St. Peters for being recognized in Money Magazine’s Best Places to Live 2010! Communities in St. Charles County routinely appear on many “Best of…” lists and this time O’Fallon checked in at 26 and St. Peters took the 60th spot.
O’Fallon was noted as home to several corporate offices, including MasterCard, which helped keep the unemployment rate under the national average. Also highlighted is O’Fallon’s 400 acres of parkland, affordable homes at a median sale price of $172,250, low crime, plenty of restaurants and nearby cultural attractions.
Celebrating its centennial year, St. Peters was ranked in the top 100 as a small city “…older and more established than some of its neighbors. That gives the place character and makes many houses more affordable.” St. Peters Mayor Len Pagano is especially pleased with the designation during the Centennial because “we’ve talked about how we owe a lot to our history and the great planning that took place through the years.”
The survey, in the August 2010 issue, considered small cities within the 50,000-300,000 population range. Locally, St. Charles, St. Louis and Florissant were noted in the unranked contenders. Eden Prairie, MN, topped the list. The survey focused on small cities that offered jobs, good schools, safe streets, low crime and lots of activities that benefit raising a family.
Our hearty congratulations go out to O’Fallon and St. Peters for being recognized in Money Magazine’s Best Places to Live 2010! Communities in St. Charles County routinely appear on many “Best of…” lists and this time O’Fallon checked in at 26 and St. Peters took the 60th spot.
O’Fallon was noted as home to several corporate offices, including MasterCard, which helped keep the unemployment rate under the national average. Also highlighted is O’Fallon’s 400 acres of parkland, affordable homes at a median sale price of $172,250, low crime, plenty of restaurants and nearby cultural attractions.
Celebrating its centennial year, St. Peters was ranked in the top 100 as a small city “…older and more established than some of its neighbors. That gives the place character and makes many houses more affordable.” St. Peters Mayor Len Pagano is especially pleased with the designation during the Centennial because “we’ve talked about how we owe a lot to our history and the great planning that took place through the years.”
The survey, in the August 2010 issue, considered small cities within the 50,000-300,000 population range. Locally, St. Charles, St. Louis and Florissant were noted in the unranked contenders. Eden Prairie, MN, topped the list. The survey focused on small cities that offered jobs, good schools, safe streets, low crime and lots of activities that benefit raising a family.
Thursday, July 22, 2010
Keeping a financial even keel is essential to purchase a home these days
Pay off your credit cards on time and in full, skip the new car or the new furniture. Banks and mortgage companies want to see financial stability with no big changes.
Anxious to close on the house? Sometimes the waiting period between finding your perfect place and driving up to your new home with keys in hand can be nerve wracking. You’ll want to be seen in the best light possible, so don’t get ahead of yourself.
Most likely you’ll need a mortgage and you want to be financially stable. When you begin your search, get copies of your credit report to make sure it is clean. If you find any errors, fix them.
Making large purchases in anticipation of buying a house, like new furniture, is not a good idea. That can affect your credit rating. The same goes for taking out another loan, buying a car or funding an education. Keep your credit situation as-is for right now.
Any changes to your credit status can make a difference for mortgage approval. Pay all your credit cards before the due date to make sure they are processed on time and don’t increase your credit balance. A mortgage pre-approval doesn’t make it a done deal.
Wait on any large purchases. For instance, no new car, or a new loan, or even new furniture for your home. Keep your credit situation as-is for now. Also, don’t co-sign a loan because that will add credit liability and could very well eliminate your chances of obtaining a mortgage.
Moving large sums of money is not a good idea. Don’t jump the gun and take money from savings to checking in anticipation of closing. Last minute credit and bank checks will generate inquiries about the shift and could slow down the process.
And if you leave the money in the savings account you won’t be tempted to spend it. Funds designated for closing should be left alone in the event of unexpected house-related costs. After all is said and done, you may have a bit left over but spending that won’t affect your closing.
Keep copies of all your paperwork in one place and have it ready in case someone in the process loses a crucial document. By keeping copies, you’ll be able to provide information quickly, getting you that much closer to your new home.
The time leading up to buying a house is all about financial restraint. Right now banks and mortgage companies are taking very close looks at their clients and you want to show you are a good candidate. After the closing, celebrate!
Anxious to close on the house? Sometimes the waiting period between finding your perfect place and driving up to your new home with keys in hand can be nerve wracking. You’ll want to be seen in the best light possible, so don’t get ahead of yourself.
Most likely you’ll need a mortgage and you want to be financially stable. When you begin your search, get copies of your credit report to make sure it is clean. If you find any errors, fix them.
Making large purchases in anticipation of buying a house, like new furniture, is not a good idea. That can affect your credit rating. The same goes for taking out another loan, buying a car or funding an education. Keep your credit situation as-is for right now.
Any changes to your credit status can make a difference for mortgage approval. Pay all your credit cards before the due date to make sure they are processed on time and don’t increase your credit balance. A mortgage pre-approval doesn’t make it a done deal.
Wait on any large purchases. For instance, no new car, or a new loan, or even new furniture for your home. Keep your credit situation as-is for now. Also, don’t co-sign a loan because that will add credit liability and could very well eliminate your chances of obtaining a mortgage.
Moving large sums of money is not a good idea. Don’t jump the gun and take money from savings to checking in anticipation of closing. Last minute credit and bank checks will generate inquiries about the shift and could slow down the process.
And if you leave the money in the savings account you won’t be tempted to spend it. Funds designated for closing should be left alone in the event of unexpected house-related costs. After all is said and done, you may have a bit left over but spending that won’t affect your closing.
Keep copies of all your paperwork in one place and have it ready in case someone in the process loses a crucial document. By keeping copies, you’ll be able to provide information quickly, getting you that much closer to your new home.
The time leading up to buying a house is all about financial restraint. Right now banks and mortgage companies are taking very close looks at their clients and you want to show you are a good candidate. After the closing, celebrate!
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