Homeowners with a mortgage insured by the Federal Housing Administration or the Department of Veterans Affairs should consider using their loan terms as a marketing tool when it comes time to sell. Mortgage loans from both government agencies include a little-known feature known as assumability. In other words, the buyer of a home financed with an existing F.H.A. or V.A. loan may be able to take over, or assume, the seller’s loan, under the same terms, rather than take out a new mortgage. During periods when interest rates are rising, homes offered for sale with an assumable, lower-rate mortgage … (0 comments)
keller williams realty: Home Selling Tips
- 10/02/13 04:49 AM
Easy Ways to Increase the Value of your Home Sprucing up your home before you sell it has never been more important because today’s buyers have never been more demanding. Luckily, there are a few ways that you can improve your home’s value and increase the likelihood of a quick sale and we all know the sooner that happens, the more money you will receive for your home. Here are a few easy ways to boost your home’s value with these quick and easy projects around your house. Spruce up the Color with a Fresh Paint Job One of the easiest … (0 comments)
keller williams realty: New Jersey Buyer Closing Costs
- 09/30/13 07:48 AM
If I can help you with any additional information regarding this article, or with any of your home buying or selling needs or if you know someone who would like some assistance, please feel free to visit my website to learn more about me www.AdrienneFrancis.com or text or call me at (201) 259-4449 . … (0 comments)
keller williams realty: Rising interest rates WILL affect affordability
- 09/25/13 05:26 AM
Source Even a 10 percent drop in home prices is nullified by a 1 percent increase in interest rates. The figure below illustrates how this works for a $250,000 home purchase and the relative likelihood of each scenario.
To figure out which was a smarter bet–counting on home prices to fall further or interest rates to rise–our research department took the last ten years of monthly home price and mortgage interest rate data and ran the numbers to see which was more likely: an increase in mortgage rates or a further drop in home prices. Here’s what we found: A … (0 comments)
If I can help you with any additional information regarding this article, or with any of your home buying or selling needs or if you know someone who would like some assistance, please feel free to visit my website to learn more about me www.AdrienneFrancis.com or text or call me at (201) 259-4449 . … (0 comments)
At least twice a year, preferably before the local wet season and before and after major storms, sump pumps should be thoroughly checked for proper operation. Manufacturer instructions should be used as the primary guide for pump installation and maintenance, but here are some general inspection and maintenance guidelines from HouseMaster.
With the pump cord disconnected:
Make sure there is a grounded three-prong receptacle for the sump pump. Ideally the receptacle should be installed at least 18 inches above the floor. The receptacle should also be close enough so that the pump cord (usually a maximum … (0 comments)
keller williams realty: An Iconic Opportunity
- 09/06/13 04:35 AM
In her six-decade career, Katharine Hepburn amassed more Best Actress Oscars (four wins and 12 nominations) than anyone else, ever. And now, her historic family compound in Old Saybrook, CT, is on the market for a cool $28 million. The 8,400-square-foot, six-bedroom home on the shores of Long Island Sound has been in the Hepburn family since 1913, and the star lived there until her death at 96 in 2003. The estate has a private dock and beach (as well as a pond), is very private, and features large grand spaces, huge porches, sweeping views, and a wonderful gourmet kitchen. … (0 comments)
keller williams realty: Remodeling ROI
- 09/04/13 06:40 AM
Whether you want to make improvements to your newly purchased home or are interested in increasing the resale value of your property, it's still important to choose your remodeling projects carefully. Here are some of the top projects that will give you the best return on your investment (ROI): Replacing exteriors with upscale fiber cement siding. Siding pays back a whopping 78 percent, on average, of the $13,461 average cost. The most cost-effective project you can do to your home this year is to replace old siding with new, higher-end fiber cement. Replacing an entry door with a 20-gauge steel door … (0 comments)
keller williams realty: What’s the difference between a condo co-op and townhouse?
- 08/30/13 05:03 AM
Source When we think of buying a home, the first thing that comes to mind for many is a detached, single-family home (complete with grassy yard and dog). But for many, especially those looking to buy in an urban area, a condo, a townhouse or an apartment could be a more likely scenario. But what’s the difference between a condo and a townhouse, anyway? And what about housing co-ops, which are so common in New York, or TICs, which you will probably come across in San Francisco? The type of home you choose can affect the types of changes you can … (0 comments)
If you have lived in your home even for 10 years or more, it does make sense to have it inspected. A home inspection costs in the area of $450.00. The radon test costs about $175.00. Lots of things change in a 10 year period including radon levels. I recently sold a home that needed to install radon remediation after only 8 years. This client had also purchased it with an in ground oil tank that had been abandoned properly and certified by the town but now oil tanks must be removed. When these tanks were originally … (0 comments)
If you are looking for a spectacular home in a spectacular neighborhood in Basking Ridge, this home is truly as move in and update-perfect as you will find. The street is lovely although on the Bernardsville side of Basking Ridge, but it is truly a lovely home with a magnificent yard, patio, pool, fireplace. Don’t miss it if you are in the 2 million dollar price range. It really stands above the rest in it’s category. Way above.
If I can help you with any additional information regarding this article, or with any of your home buying … (0 comments)
keller williams realty: Buying a Condo in Basking Ridge
- 08/01/13 06:43 AM
If you don’t want to do lawn care or don’t have time to, consider buying a condo! They are great for those on the go or if you hate mowing the lawn and replacing the roof. In most cases, have pools, fitness centers and tennis courts to keep their residents happy and relaxed. Here are some tips that will help you buy a condominium for your lifestyle of choice: Tip #1 The first thing you need to figure out is how long you are going to stay in one place. Buying a condo is similar to buying a single-family home. Living there for … (0 comments)
keller williams realty: Relocating to Northern NJ
- 07/19/13 05:06 AM
Helping people relocate to New Jersey is one of my favorite parts of the real estate business. Meeting interesting folks from all over the country is fantastic. Everyone is looking for a different kind of home, a different lifestyle and it is just always great to be part of the process. These buyer’s are very dependent upon me to zero in on their needs and find them a home and community they can love and feel right at home in, and that is exactly what I do. Alex came here from Florida with his wife and son and was referred to me his associate that I relocated at the … (0 comments)
keller williams realty: Bernards Ranked a 'Top Booming Suburb' in New Jersey
- 07/19/13 04:38 AM
SOURCE Bernards was ranked as the second "Top Booming Suburb" in New Jersey in a new survey conducted by Coldwell Banker. For a town to be classified as a "booming suburb," the real estate agency worked with Onboard Infomatics to take into account home ownership percentage, job availability, gas affordability, safety factors, cultural and outdoor activities, median disposable income and more. Bernards came in the middle of the top-3 for the whole state, with Bridgewater and Hillsborough ranked first and third respectively. Other towns in the top-10 include Randolph, Roxbury, Rockaway, Mount Olive, Fort Lee and Mahwah. The "Top Booming Suburbs" … (0 comments)
keller williams realty: Home Selling Tips
- 07/17/13 06:28 AM
Did you know that simple changes like moving your furniture around to make rooms look larger and getting rid of excess pieces you won’t need will help your home sell faster and for more money? Or that fresh flowers make it feel more inviting? Years of experience have taught me the psychology behind home buying and I know that staging reaps benefits for a seller like no other! Let’s get together and talk about your home’s potential, how a few changes can make you more money and the best way to implement it into the marketing of your home. Stage your … (0 comments)
keller williams realty: Zillow - what you don't know can hurt your homes value.
- 05/07/13 05:55 AM
By Adrienne Francis Have you ever heard of Zillow? Did you know that your home can be found on Zillow - even if it's not yet listed for sale. Zillow has what is known as a "Zestimate" an estimate of your home's value for just about every home on the site. As an owner of that home, you can go into Zillow and update your home's information - which as you can imagine, isn't always accurate. You can correct square footage, add updates, add information about any expansions and renovations that you have done - anything that would add value to … (0 comments)
NEW YORK (CNNMoney) Mortgage rates continued to drop, with the 15-year fixed-rate loan hitting a record low, according to a weekly report from mortgage financier Freddie Mac. The 15-year fixed rate fell to 2.61% this week from 2.64%, The previous record low of 2.63% was set the week of Nov. 21, 2012. An adjustable-rate mortgage, the 5/1 ARM, also bottomed out at 2.58%. The most popular mortgage, the 30-year fixed-rate, came in at 3.4%, 0.09 percentage point above its record low. "The housing market is getting a boost, with mortgage rates hovering at or near record lows," said Frank … (0 comments)
When Meghan Fedor opened her mailbox recently, she found a brown paper bag with a length of green ribbon enclosed, along with a note explaining that a local high school girl was undergoing treatment for lymphoma and that the ribbons could serve as a show of support. Within days, some 150 homes in Ms. Fedor’s Basking Ridge neighborhood had ribbons waving from mailboxes and lamp posts. It’s this kind of neighborly act, said Ms. Fedor, who commutes to a job at the Environmental Protection Agency three days a week, that has had her marveling since she moved here almost … (0 comments)
keller williams realty: Alexandra and Marty relocate to Morristown New Jersey
- 04/01/13 07:43 AM
Working with Alexandra and Marty was a long but rewarding process. They first contacted me when Marty was relocated here for business from Nevada and they were looking for a rental. But with a large dog and 3 cats, it was not going to happen! In the process we went from rentals, to looking for a townhoms (again the pets were the problem) and finally to a home in Morristown that they both loved and happily for them, it was competely renovated so they didn't have to do a thing but enjoy their home and the new baby (that was born a … (0 comments)
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