Homeowners' insurance is a necessity, something every property should have. If you have a mortgage, your lender will require coverage -- and if your home is mortgage-free than you should have coverage anyway to protect what is likely your most valuable asset.
Nothnagle Insurance Agency can make shopping for a policy easier, faster and more convenient...and may even result in a savings for you! The Nothnagle Insurance Agency has an experienced representative on-site ready to work for you. To receive your complimentary quote or review, simply call 756-7320.
Some questions to consider when speaking with the insurance rep:
• What type of coverage do they recommend for your needs?
• What is included -- and what is excluded?
• Are there discounts for safety measures in place in the home (e.g. security system; carbon monoxide and/or smoke detectors, etc.)
• Do you have a home-based business? If yes, you may require additional coverage specific to the type of business you operate. In this case, think in terms of clients dropping by, business equipment, inventory, etc.
• Do you have antiques and jewelry? What coverage are you getting? What coverage do you need?
• How much personal liability protection will the policy provide? What is the cost of additional coverage? What about an "umbrella" policy?
• If you have a loss, will coverage be for actual cash value or replacement cost? Have the insurance representative explain the difference.
• What is the policy deductible? (Generally lower deductibles mean higher premiums, higher deductibles result in lower premiums.)
• How will the policy be paid? If your lender maintains an escrow account, the insurance policy will be paid by the lender -- remember, the house is security for the lender's mortgage. If you pay for property taxes and insurance directly, you will pay the bill.
• Is your home an historic property? If yes, what special coverages are required?
• When a policy says it covers "personal property" what does that term mean? What does it include and exclude?
• How can you reduce policy costs? For instance, if you buy auto and home insurance from the same source will your combined expenses decline?
• What home improvements can you make that would result in lower premiums?
• How are claims handled if you have a loss? For your protection, it's a good idea to photograph or video your home and special possessions -- and then keep such photography in a safe deposit box.
Saturday, December 31, 2011
Thursday, December 29, 2011
Fools Gold!
Thank you to The KCM Crew for posting this insightful and clever article relating the housing market to the surge in gold prices. It really makes you think about the state of today's housing market!
Everyone wants to comment on the current real estate market. They want to talk about how now is not the time to buy a home. Some even argue owning a house has never been a great investment. Most say it will be a long time before real estate again begins to appreciate. It all sounds so familiar to us. It was just a decade ago that many made the same arguments about gold as an investment.
Gold had dropped from over $400 an ounce to $250 an ounce (a 40% decline) from February 1996 to August 1999. People ran from gold as though it was a plague.
Lord William Rees-Mogg, the current Chairman of The Zurich Club, in 1997 said:
“No investment has been so thoroughly exploded as gold; most people think that there will no more be another gold boom than there will be another boom in tulip futures in The Netherlands.”
Two years later in 1999, Don Wolanchuk author of the Wolanchuk Report explained:
“Everybody hates gold. You can’t have a bottom until everybody is out. And everybody is out of the gold sector.”
Everyone knows what happened next. The proclamation of gold’s death was rather premature. Gold rose from $250 an ounce to over $1,500 an ounce in the next twelve years. We see the same situation with real estate today. We are not predicting that real estate will see the same levels of appreciation. I do believe however that the market will rebound strongly.
Those who continued to believe in gold as an investment were rewarded. Those who continue to believe in real estate as a sound investment will also be rewarded.
By the way, Gold closed yesterday at almost $1,600 an ounce!
Everyone wants to comment on the current real estate market. They want to talk about how now is not the time to buy a home. Some even argue owning a house has never been a great investment. Most say it will be a long time before real estate again begins to appreciate. It all sounds so familiar to us. It was just a decade ago that many made the same arguments about gold as an investment.
Gold had dropped from over $400 an ounce to $250 an ounce (a 40% decline) from February 1996 to August 1999. People ran from gold as though it was a plague.
Lord William Rees-Mogg, the current Chairman of The Zurich Club, in 1997 said:
“No investment has been so thoroughly exploded as gold; most people think that there will no more be another gold boom than there will be another boom in tulip futures in The Netherlands.”
Two years later in 1999, Don Wolanchuk author of the Wolanchuk Report explained:
“Everybody hates gold. You can’t have a bottom until everybody is out. And everybody is out of the gold sector.”
Everyone knows what happened next. The proclamation of gold’s death was rather premature. Gold rose from $250 an ounce to over $1,500 an ounce in the next twelve years. We see the same situation with real estate today. We are not predicting that real estate will see the same levels of appreciation. I do believe however that the market will rebound strongly.
Those who continued to believe in gold as an investment were rewarded. Those who continue to believe in real estate as a sound investment will also be rewarded.
By the way, Gold closed yesterday at almost $1,600 an ounce!
Tuesday, December 27, 2011
Mortgage Rates Fall Even Lower!
Last week mortgage rates fell to record lows again, which has been a recurring theme in 2011. According to Freddie Mac, a 30-year fixed mortgage rate fell to 3.94%, which matches the same record low from October 2011. Simultaneously, a 15--year fixed rate fell to the lowest it has ever been at 3.21%.
Is this the best time to consider buying? YES!
These record low rates equal big savings for new homeowners (or current owners who refinance). In 2006, anyone seeking a 15 year fixed mortgage would have been lucky to find a 5% rate.
Here's the breakdown: a $200,000 home purchased in 2006 with a 5% rate on a 15-year fixed mortgage would have had a monthly payment of $1,582. Today at a 3.2% rate for the same price and 15-year mortgage, the payment would be $1,400. That's a yearly savings of $2,184!!!
According to Jed Kolko, Trulia's Cheif Economist, Rochester is a city to watch in 2012. He predicts a stronger housing market, job growth and fewer empty homes. He points out that despite blow after blow to the local economy due to Kodak what used to be other top companies, Rochester is still holding their own.
Sunday, December 25, 2011
Happy Holidays From Nothnagle Realtors!
Nothnagle Realtors would like to wish everyone a very Happy Holiday and a wonderful New Year! Congratulations to those of you who are spending the holidays in a new home for the very first time. We appreciate your loyalty and using Nothnagle as your real estate company! Thank you all who made 2011 such a great year, we are looking forward to an even better year in 2012!
Tuesday, December 20, 2011
Nothnagle Donates to Ronald's House!
During the months of November and December Nothnagle's Corporate and branch offices collected items to donate to Ronald's House located at 333 Westmoreland Drive. On December 22ndth representatives from Nothnagle will visit Ronald's House and deliver food items, cash, gift cards and household supplies. The house provides a warm and peaceful “home-away-from-home” for families traveling to the Rochester area for their child’s medical care.
The first Ronald McDonald House opened in Philadelphia in 1974. Since then, many other communities followed suit recognizing this same need in their own community. Today, there are 300 Houses throughout the United States, and over 30 countries around the world. In 1996, the Rochester Ronald McDonald House merged with the local chapter of Ronald McDonald Children's Charities. Today there is the House on Westmoreland which hosts up to 20 families at once and is run by over 300 volunteers and a small staff as well as the House within the Hospital located atop the new, state-of-the-art Pediatric Intensive care Unit at Golisano Children’s Hospital at Strong. The House within the Hospital is for the families of critically ill or injured children receiving treatment at the hospital.
The first Ronald McDonald House opened in Philadelphia in 1974. Since then, many other communities followed suit recognizing this same need in their own community. Today, there are 300 Houses throughout the United States, and over 30 countries around the world. In 1996, the Rochester Ronald McDonald House merged with the local chapter of Ronald McDonald Children's Charities. Today there is the House on Westmoreland which hosts up to 20 families at once and is run by over 300 volunteers and a small staff as well as the House within the Hospital located atop the new, state-of-the-art Pediatric Intensive care Unit at Golisano Children’s Hospital at Strong. The House within the Hospital is for the families of critically ill or injured children receiving treatment at the hospital.
Sunday, December 18, 2011
Get the Support Your Need at Nothnagle!
If you are thinking of getting into the real estate business or considering a switch from your current broker, let us tell you how easy it is at Nothnagle!
Nothnagle provides agents with the most support services of any real estate company in the region. We also give agents the largest support staff—over 100 people working behind the scenes to support you.
As one of our agents, you can use as many support services as you like. It’s completely up to you and the way you work. All services are provided free of charge too!
Here is a sampling of the support services we provide:
•Placing company-paid print advertising
•Placing company-paid self promotion ads
•Preparing presentation packets
•Preparing listing packets
•Producing online Guided Tours for your listings
•Listing your home on Rochester’s most popular real estate web site
•Scheduling appointments for showings
•Entering new listings into MLS
•Providing agents and sellers with copies of all paperwork
•Coordinating transactions and paperwork for house closings
•Ordering “Just Listed” postcards
•Sending out mailings
•Maintaining your mailing list
•Providing one-on-one support
•Providing training
•Brainstorming innovative sales strategies
•Providing carefully screened contractors to facilitate home sales
•And much more
All of these support services are available to Nothnagle agents, free of charge. Use as many—or as few—as you like. It’s totally up to you.
There’s a lot that goes into being successful at real estate. No real estate company does more than Nothnagle to give you the support you need.
Talk to us about switching to Nothnagle. Find an office near you and then call a Branch Manager to learn more. Our agents tell us they wish they had switched sooner!
Nothnagle provides agents with the most support services of any real estate company in the region. We also give agents the largest support staff—over 100 people working behind the scenes to support you.
As one of our agents, you can use as many support services as you like. It’s completely up to you and the way you work. All services are provided free of charge too!
Here is a sampling of the support services we provide:
•Placing company-paid print advertising
•Placing company-paid self promotion ads
•Preparing presentation packets
•Preparing listing packets
•Producing online Guided Tours for your listings
•Listing your home on Rochester’s most popular real estate web site
•Scheduling appointments for showings
•Entering new listings into MLS
•Providing agents and sellers with copies of all paperwork
•Coordinating transactions and paperwork for house closings
•Ordering “Just Listed” postcards
•Sending out mailings
•Maintaining your mailing list
•Providing one-on-one support
•Providing training
•Brainstorming innovative sales strategies
•Providing carefully screened contractors to facilitate home sales
•And much more
All of these support services are available to Nothnagle agents, free of charge. Use as many—or as few—as you like. It’s totally up to you.
There’s a lot that goes into being successful at real estate. No real estate company does more than Nothnagle to give you the support you need.
Talk to us about switching to Nothnagle. Find an office near you and then call a Branch Manager to learn more. Our agents tell us they wish they had switched sooner!
Friday, December 16, 2011
Realtor of the Year Honored with Proclamation
On October 6, 2011, Bob Malone of Nothnagle Realtors was awarded as Realtor of the year by the Greater Rochester Association of Realtors. The award is presented to an association member who demonstrates distinguished service in the advancement of the ideals of the real estate profession and shows involvement as an ambassador of the association.
Tuesday evening at 6:00, Monroe County Legislature honored Malone with a proclamation to recognize his achievement as Realtor of the Year. The meeting took place in the Monroe County Legislature Chambers located at 406 county Office Building, 39 W. Main Street in Downtown Rochester.
“Malone is a leader in the real estate community, always ready to give back by volunteering or helping a new agent”, said John Majchrzak, manager of Nothnagle's Chili-Ogden office.
“It makes me extremely proud that the past two recipients of this prestigious award have been from Nothnagle Realtors. Bob deserves this tremendous recognition for all of his hard work and commitment to the community”, said Armand D’Alfonso, President & CEO.
Tuesday evening at 6:00, Monroe County Legislature honored Malone with a proclamation to recognize his achievement as Realtor of the Year. The meeting took place in the Monroe County Legislature Chambers located at 406 county Office Building, 39 W. Main Street in Downtown Rochester.
“Malone is a leader in the real estate community, always ready to give back by volunteering or helping a new agent”, said John Majchrzak, manager of Nothnagle's Chili-Ogden office.
“It makes me extremely proud that the past two recipients of this prestigious award have been from Nothnagle Realtors. Bob deserves this tremendous recognition for all of his hard work and commitment to the community”, said Armand D’Alfonso, President & CEO.
Wednesday, December 14, 2011
Nothnagle Realtors Donates to DePaul
For the last four years Nothnagle Realtor's Corporate Office has collected donations for DePaul. DePaul is a private not-for-profit organization committed to providing quality services to the elderly, persons in recovery from a mental illness, developmental disabilities, addictions, and those with a history of homelessness.
DePaul was founded in Rochester in 1958 as a child guidance center. Formerly a not-for-profit subsidiary of the Catholic Family Center, DePaul was originally established to meet the mental health needs of children in the Diocesan School District. Today DePaul offers services in 18 counties across two states, operates over 2,700 beds and serves more than 5,000 individuals.
This year, Nothnagle's Corporate divisions are donating holiday gifts to residents in the Edgerton Square location (435 Dewey Avenue), a facility for mentally disabled adults. These donations help the Edgerton Square staff provide gifts for all of their residents. With New York State budget cuts, this facility has experienced considerable funding cut backs. They very much appreciate donations and help during the holiday gift-giving season.
Donations can be made by contacting: DePaul, 1931 Buffalo Rd, Rochester, NY 14624 at 585-426-8000. For more information, you may also contact Shirley Adams at 585-756-7241.
DePaul was founded in Rochester in 1958 as a child guidance center. Formerly a not-for-profit subsidiary of the Catholic Family Center, DePaul was originally established to meet the mental health needs of children in the Diocesan School District. Today DePaul offers services in 18 counties across two states, operates over 2,700 beds and serves more than 5,000 individuals.
This year, Nothnagle's Corporate divisions are donating holiday gifts to residents in the Edgerton Square location (435 Dewey Avenue), a facility for mentally disabled adults. These donations help the Edgerton Square staff provide gifts for all of their residents. With New York State budget cuts, this facility has experienced considerable funding cut backs. They very much appreciate donations and help during the holiday gift-giving season.
Donations can be made by contacting: DePaul, 1931 Buffalo Rd, Rochester, NY 14624 at 585-426-8000. For more information, you may also contact Shirley Adams at 585-756-7241.
Monday, December 12, 2011
How to Buy Your First Home
Property prices are the lowest they've been in a decade or more. Mortgage rates continue to hover near historic lows. This is great news for first-time buyers.
"It's a great time to buy if you've got the credit," says Andrew Firoved, chief executive and founder of CounselorDirect.com. "They say buy low, sell high, and you're buying low."
To make sure you buy low and smart, here are a few tips:
Make sure buying is for you. If you are planning to move in the next few years or if your job outlook is uncertain, buying might not be a good move. After all, the days when houses could quickly be flipped for more money are all but gone. If you don't feel that you are going to stay in your job or current location then consider renting.
Do a credit check. Cash and good credit are critical to snagging a bargain home and keeping it. Before you start looking, make sure you have the cash on hand for a down payment and a mortgage lender who is willing to provide you with a home loan at an affordable rate. Pre-approval can help expedite the closing of your purchase.
Consider a down payment and the alternatives. It is suggested that first-time home buyers cough up 20% of the home value. This immediately adds equity to the house and lowers monthly payments. However, many first-timers don't have the cash to put up 20%. No need to worry; there are options that should work for you. There are several government-backed loans with 0% to 3.5% down, and a handful of other alternatives.
Be realistic about costs. Don't look for a home that will eat up all of your monthly income. In addition to mortgage and principal payments, buying a home means paying for insurance, maintenance and real estate taxes. One of the biggest mistakes first-time home buyers make is they don't leave themselves with enough money.
Don't cut corners on inspections. Always cough up the extra cash for a good home inspection, expecially if you're buying a foreclosed home. A home inspection is key to really understanding the condition the home is in.
If you're thinking about buying a home, we can help. Get started here.
"It's a great time to buy if you've got the credit," says Andrew Firoved, chief executive and founder of CounselorDirect.com. "They say buy low, sell high, and you're buying low."
To make sure you buy low and smart, here are a few tips:
Make sure buying is for you. If you are planning to move in the next few years or if your job outlook is uncertain, buying might not be a good move. After all, the days when houses could quickly be flipped for more money are all but gone. If you don't feel that you are going to stay in your job or current location then consider renting.
Do a credit check. Cash and good credit are critical to snagging a bargain home and keeping it. Before you start looking, make sure you have the cash on hand for a down payment and a mortgage lender who is willing to provide you with a home loan at an affordable rate. Pre-approval can help expedite the closing of your purchase.
Consider a down payment and the alternatives. It is suggested that first-time home buyers cough up 20% of the home value. This immediately adds equity to the house and lowers monthly payments. However, many first-timers don't have the cash to put up 20%. No need to worry; there are options that should work for you. There are several government-backed loans with 0% to 3.5% down, and a handful of other alternatives.
Be realistic about costs. Don't look for a home that will eat up all of your monthly income. In addition to mortgage and principal payments, buying a home means paying for insurance, maintenance and real estate taxes. One of the biggest mistakes first-time home buyers make is they don't leave themselves with enough money.
Don't cut corners on inspections. Always cough up the extra cash for a good home inspection, expecially if you're buying a foreclosed home. A home inspection is key to really understanding the condition the home is in.
If you're thinking about buying a home, we can help. Get started here.
Saturday, December 10, 2011
Tips for Selling in the Winter
The winter can be a challenging time of year to have your house on the market, especially with issues that are only present this time of year. The good news is that if you have activity on your listing, it means the buyers are serious. Below are some tips to help you overcome the seasonal challenges when showing your home.
Easy Access: Many people like to get from the car into the house as quickly as possible in the extreme cold. Make sure your driveway and walk way is shoveled. Have your agent provide specific details about parking in the listing remarks if it is a condo/townhouse. Also, provide an area for shoes as soon as people enter the house and provide slippers or disposable booties as an added convenience.
Keep Odors Away: During this time of year we keep our windows closed which doesn’t let fresh air circulate. Bad smells, especially from pets can be a big deterrent to buyers. Purchase non-offensive air fresheners that are not overpowering. Another idea is to have cookies baking in the oven on a low temperature to let the smell penetrate the house.
Don't Over Decorate: Minimal holiday decorating gives the home a sense of warmth and cheer, but don't over decorate because it doesn't allow the home to show its best features.
Let There Be Light: Since it gets dark so early, turn on all of the lights in the home, even in closets. Also, encourage day time showings if possible because the light allows the home to show better. It is a good idea to leave lights on when you go out because you never know when a potential buyer could drive by!
Easy Access: Many people like to get from the car into the house as quickly as possible in the extreme cold. Make sure your driveway and walk way is shoveled. Have your agent provide specific details about parking in the listing remarks if it is a condo/townhouse. Also, provide an area for shoes as soon as people enter the house and provide slippers or disposable booties as an added convenience.
Keep Odors Away: During this time of year we keep our windows closed which doesn’t let fresh air circulate. Bad smells, especially from pets can be a big deterrent to buyers. Purchase non-offensive air fresheners that are not overpowering. Another idea is to have cookies baking in the oven on a low temperature to let the smell penetrate the house.
Don't Over Decorate: Minimal holiday decorating gives the home a sense of warmth and cheer, but don't over decorate because it doesn't allow the home to show its best features.
Let There Be Light: Since it gets dark so early, turn on all of the lights in the home, even in closets. Also, encourage day time showings if possible because the light allows the home to show better. It is a good idea to leave lights on when you go out because you never know when a potential buyer could drive by!
Wednesday, December 7, 2011
Is This the Greatest Time in History to Buy?
Over the last few months mortgage rates have been at a record lows. The rate at which your obtain your mortgage can affect your monthly payment drastically, which is why now is a much more affordable time compared to what is typical.
Taking the average home price in the Greater Rochester Area into account, which is relatively low on average and steady, now could be the time to look into buying a home.
In 2003, a 30 year mortgage rate was at 5.88% and today they average 4%. So what does that mean?
It means that if you purchased home for $250,000 8 years ago, your monthly payment with a 30 year mortgage is $1,478 84. For the same price today also with a 30 year mortgage, your monthly payment is $1,193.15. That's a substantial difference of $285.30 less a month!
Contact a mortgage professional today to get pre-qualified and explore your financing options.
Taking the average home price in the Greater Rochester Area into account, which is relatively low on average and steady, now could be the time to look into buying a home.
In 2003, a 30 year mortgage rate was at 5.88% and today they average 4%. So what does that mean?
It means that if you purchased home for $250,000 8 years ago, your monthly payment with a 30 year mortgage is $1,478 84. For the same price today also with a 30 year mortgage, your monthly payment is $1,193.15. That's a substantial difference of $285.30 less a month!
Contact a mortgage professional today to get pre-qualified and explore your financing options.
Monday, December 5, 2011
Nothnagle is Rochester's Favorite Realtor for the 10th Year!
Nothnagle Realtors has been voted Rochester's favorite realtor for the tenth year in a row through the Democrat & Chronicle's Rochester's Choice Awards.
Nothnagle Realtors would like to thank the Rochester community for their ongoing support!
Nothnagle Realtors would like to thank the Rochester community for their ongoing support!
Saturday, December 3, 2011
Home Sales on the Rise! 17% Nationwide!
The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in all 50 states in comparison with last year's 3rd quarter. Here is the breakdown by state:
Thursday, December 1, 2011
40th Annual Candlelight Night in Pittsford December 6th!
Every year Nothnagle Realtor's Pittsford branch, located at 33 S. Main Street in the Village of Pittsford, participates in Candlelight Night. This year the 40th Annual Candlelight night is on December 6th and Santa will be at Nothnagle Realtors from 6-9pm. Come by for light refreshments and to have your picture taken with Santa!
In addition to Candlelight Night, the Pittsford branch is also collecting toys & gifts for the Hillside Children's Center, coats & winter clothing for the Open Door Mission as well as toiletries, school supplies, and non-perishable food for battered women. If you are interested in helping, please call (585) 381-4770.
Tuesday, November 29, 2011
Come Home for the Holidays in the Village of Fairport
Come Home for the Holidays in the Village of Fairport for an Open House this Saturday at Nothnagle Realtors! The office is located at 65 South Main Street and the hours are from 3:00-6:00.
Refreshments will be served and make sure to bring your camera because Santa will be there to take a picture with! Pets are welcome to come for a picture, too!
Refreshments will be served and make sure to bring your camera because Santa will be there to take a picture with! Pets are welcome to come for a picture, too!
Sunday, November 27, 2011
Nothnagle's Penfield Branch Raises Money for Safe Journey
Nothnagle Realtor's Penfield branch is collecting donations for Safe Journey to support their "Sleep in Heavenly Peace" fundraiser. Safe Journey is a non-residential resource and support center for women and children rebuilding their lives after domestic abuse and violence.
For every $100 that is raised, Safe Journey will purchase 1 new mattress to give a survivor of domestic abuse a safe place to stay during their transition.
For information about how you can donate, please call our Penfield branch at 585.381.0502.
Friday, November 25, 2011
Nothnagle Realtors is Collecting for Ronald's House
This holiday season, Nothnagle Realtors is seeking donations for Ronald McDonald House Charities of Rochester. The house, located at 333 Westmoreland Drive, provides a warm and peaceful “home-away-from-home” for families traveling to the Rochester area for their child’s medical care. There are many reasons a family may need to use the Ronald McDonald House, including premature birth, organ transplants, accidents and injuries, cancer treatments and other childhood diseases.The house is in constant need of supplies to be able to offer their service, which is why Nothnagle Realtors is seeking donations in 22 of their branch locations. Suggested items not exceeding $20 in value per item are: gift cards to Wegmans, Walmart, and Target, any restaurants close to Strong hospital, gas gift cards, cash, laundry supplies, snack foods and cleaning supplies.
Please call your local Nothnagle branch today if you would like to help!
Wednesday, November 23, 2011
Tips to get Prepared for Thanksgiving!
With tomorrow's holiday coming full speed ahead, you might want to read these tips to ensure nothing has slipped your mind. If you have friends and family staying with you it can be overwhelming to remember every detail when trying to prepare a meal and entertain, but hopefully these can help. Some tips are also great to consider if your home is on the market over this holiday season!
1. Supplies-get anything that your guests might need out of their usual storage space such as toilet paper, q-tips, toothpaste and any other item they might need while staying in your home and could have forgotten. Place them in open places or in decorative baskets if you are short on storage. You can also declutter linen closets and drawers to give your guests their own space during their stay for their own toiletries.
2. Guest rooms-you might be fortunate to have enough spare bedrooms, but if you don't you can create makeshift sleeping spaces. Use bookshelves, curtains or folding screens to give your guests some privacy. Think about everything your guests might need such as towels, pillows, extra blankets, etc. and have them readily available.
3. Make Room in the Kitchen-clear off counter tops to make room for anyone who might help with dinner preparations and have space for food as it is prepared. Move your coffee maker, cups & supplies into another room so guests won't gather in the kitchen (unless you want them to!). Put out extra stools and chairs if you do want the added company.
4. Safety Check-it gets dark around 4:30 this time of year, so make sure your entry way and any sidewalks are well lit. If you have any snow or ice in your area, make sure to shovel and put down plenty of salt to prevent slips and falls.
5. Have a Happy Thanksgiving!
1. Supplies-get anything that your guests might need out of their usual storage space such as toilet paper, q-tips, toothpaste and any other item they might need while staying in your home and could have forgotten. Place them in open places or in decorative baskets if you are short on storage. You can also declutter linen closets and drawers to give your guests their own space during their stay for their own toiletries.
2. Guest rooms-you might be fortunate to have enough spare bedrooms, but if you don't you can create makeshift sleeping spaces. Use bookshelves, curtains or folding screens to give your guests some privacy. Think about everything your guests might need such as towels, pillows, extra blankets, etc. and have them readily available.
3. Make Room in the Kitchen-clear off counter tops to make room for anyone who might help with dinner preparations and have space for food as it is prepared. Move your coffee maker, cups & supplies into another room so guests won't gather in the kitchen (unless you want them to!). Put out extra stools and chairs if you do want the added company.
4. Safety Check-it gets dark around 4:30 this time of year, so make sure your entry way and any sidewalks are well lit. If you have any snow or ice in your area, make sure to shovel and put down plenty of salt to prevent slips and falls.
5. Have a Happy Thanksgiving!
Saturday, November 19, 2011
The Benefits of a Buyer's Agent
As a buyer, you are entitled to use your own agent to help you during your home search and to help you with negotiations. A good, knowledgeable buyer's agent will often be a tremendous asset to you in your search - whether you are a first-time buyer and new to the process or a veteran buyer looking for a new home.
First, your buyer's agent will give you advice on cities/towns, particular neighborhoods, and council you on many other things to consider while conducting your home search, such as the benefits of a condominium vs. a single family, the actual cost of buying/owning multi-families, and ideas on increasing equity in your home and resale factors.
Your buyer's agent will also be able to make good referrals to additional real estate-related professionals, such as insurance agents, home inspectors, mortgage professionals, moving companies and other professionals/services you may need.
Once you find a property, your buyer's agent will do a market analysis, often referred to as a Comparable Market Analysis (or CMA), and will discuss with you his/her professional opinion as to market value based on similar sold properties, the current local real estate market trends, inventory, and other factors. Lastly, the most crucial service a buyer agent can provide is as a skilled negotiator. An agent highly skilled at negotiating could assist you in purchasing the home that best meets your wants and needs for the best price.
Best of all? Most of the time your buyer's agent will be paid from the commission offered by the seller, yet they still owe their full fiduciary duties to you, their client.
Nothnagle agents are trained to know market conditions and are skilled negotiators, offering superior services to buyers. Nothnagle also offers a number of tools to help you in your home search, from a comprehensive database of listings throughout 25 counties in upstate New York (as well as connections to national and global listings), to video tours on YouTube and Nothnagle.TV, to "MyNothnagle" which allows you to register to be notified of new listings meeting your criteria as they hit the market.
First, your buyer's agent will give you advice on cities/towns, particular neighborhoods, and council you on many other things to consider while conducting your home search, such as the benefits of a condominium vs. a single family, the actual cost of buying/owning multi-families, and ideas on increasing equity in your home and resale factors.
Your buyer's agent will also be able to make good referrals to additional real estate-related professionals, such as insurance agents, home inspectors, mortgage professionals, moving companies and other professionals/services you may need.
Once you find a property, your buyer's agent will do a market analysis, often referred to as a Comparable Market Analysis (or CMA), and will discuss with you his/her professional opinion as to market value based on similar sold properties, the current local real estate market trends, inventory, and other factors. Lastly, the most crucial service a buyer agent can provide is as a skilled negotiator. An agent highly skilled at negotiating could assist you in purchasing the home that best meets your wants and needs for the best price.
Best of all? Most of the time your buyer's agent will be paid from the commission offered by the seller, yet they still owe their full fiduciary duties to you, their client.
Nothnagle agents are trained to know market conditions and are skilled negotiators, offering superior services to buyers. Nothnagle also offers a number of tools to help you in your home search, from a comprehensive database of listings throughout 25 counties in upstate New York (as well as connections to national and global listings), to video tours on YouTube and Nothnagle.TV, to "MyNothnagle" which allows you to register to be notified of new listings meeting your criteria as they hit the market.
Wednesday, November 16, 2011
Leaving Your Home on the Market Over the Holidays?
With the holiday season approaching, it is easy to get wrapped up in festivities whether you are looking to buy or selling. Home sellers may ask themselves if they should leave their home on the market or wait until a busier time of the year. The good news is that if you do leave your home on the market and get activity, the buyers out there are most likely very serious.
As a seller, if you decide to leave your home on the market during the holidays, how extravagant should you decorate? Although you may love decorating for the holidays, it is distracting to the potential buyer. Minimal, tasteful decorations can create a feeling of comfort and holiday cheer, but too many will not allow the home to show off it's best features.
While some sellers take their home off the market during the holiday season, "I feel it's a game many agents play, by taking a home off the market only to put it back on, as if it was a brand new listing," Wilson said. "In this day and age, buyers are much smarter than they used to be, and they have access to so much more information than they ever did. If a house has been on the market for a very long time, there is no hiding it."
Wilson thinks it's best to keep a house listed in the Multiple Listing Service during the holiday season, in case there is a serious buyer looking who needs a house because of a relocation or some other life situation.
Agents differ on whether a home should stay on the market during the holiday season. Mark Siwiec, of Nothnagle Realtors in Brighton, thinks that if the seller is not in a hurry to sell, the home should be taken off the market between Thanksgiving and New Year's because people are too focused on other activities. Potential buyers this time of year tend to be bargain hunters, he said.
No matter the decision about keeping the house on the market or waiting until spring, pricing remains crucial in this market, Wilson said. If the house does not sell over the slower months, it is very important to adjust the price in line with the competition during the busier season.
As a seller, if you decide to leave your home on the market during the holidays, how extravagant should you decorate? Although you may love decorating for the holidays, it is distracting to the potential buyer. Minimal, tasteful decorations can create a feeling of comfort and holiday cheer, but too many will not allow the home to show off it's best features.
While some sellers take their home off the market during the holiday season, "I feel it's a game many agents play, by taking a home off the market only to put it back on, as if it was a brand new listing," Wilson said. "In this day and age, buyers are much smarter than they used to be, and they have access to so much more information than they ever did. If a house has been on the market for a very long time, there is no hiding it."
Wilson thinks it's best to keep a house listed in the Multiple Listing Service during the holiday season, in case there is a serious buyer looking who needs a house because of a relocation or some other life situation.
Agents differ on whether a home should stay on the market during the holiday season. Mark Siwiec, of Nothnagle Realtors in Brighton, thinks that if the seller is not in a hurry to sell, the home should be taken off the market between Thanksgiving and New Year's because people are too focused on other activities. Potential buyers this time of year tend to be bargain hunters, he said.
No matter the decision about keeping the house on the market or waiting until spring, pricing remains crucial in this market, Wilson said. If the house does not sell over the slower months, it is very important to adjust the price in line with the competition during the busier season.
Sunday, November 13, 2011
"Like" Nothnagle Home Services!
If you haven't "Liked" Nothnagle Home Services yet, click here.
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Friday, November 11, 2011
Nothnagle Offers Property Search, Videos on Facebook
As a result of today’s booming social media presence, Nothnagle has added a feature to search properties and view “Guided Tour” videos on their Facebook page. Consumers can now go to www.Facebook.com/NothnagleRealtors and select “Property Videos” on the left-side of the page. Similar to Nothnagle.com, a consumer can conduct a property search by the type of property they are seeking, location and pricing parameters, then view the Guided Tour. The videos give potential buyers a more realistic sense of the property by seeing it in a video format.
“It is so very important to keep current with how today’s consumers are seeking information. Instead of going to a phone book to search for a business, more and more people are turning to Facebook as a means of obtaining information such as phone number and business hours. It is crucial to have as much useful information as possible available on a businesses’ Facebook page,” said President & CEO Armand D’Alfonso.
“It is so very important to keep current with how today’s consumers are seeking information. Instead of going to a phone book to search for a business, more and more people are turning to Facebook as a means of obtaining information such as phone number and business hours. It is crucial to have as much useful information as possible available on a businesses’ Facebook page,” said President & CEO Armand D’Alfonso.
Wednesday, November 9, 2011
The Advantages to Homeownership
Many people may feel skeptical about homeownership because of the economy over the last several years. However, homeownership can be a truly worthwhile investment if you choose a home that is right for you and your affordability. Take the following reasons into account when facing a possible decision to purchase a home:
1. It's a Buyer's Market: Right now there is ample inventory with affordable prices. If you have steady income and enough money for a down payment, the timing could not be better especially with interest rates at historical lows. This means huge savings over the term of your mortgage.
2. Equity: Many areas in the country are currently experiencing average home appreciation (4-6% per year), which is what should normally be expected. For areas that have been hit harder, experts predict that the housing market will recover. Why pay rent that will never amount to anything in the end when you could be making similar mortgage payments that turn into equity? Purchasing a home does require more initial expenses, but in the long run it will be a worthwhile investment that you can sell at a profit.
3. Freedom: As a renter have you ever wished that you could paint your walls a different color or have hardwood instead of carpet? As a homeowner the options are endless to fit your own taste! Owning a home truly means making it yours to enjoy and there are no consequences if you redecorate or renovate.
4. Community: Rentals can seem like a revolving door sometimes with neighbors constantly coming and going after living in the building a year or less. There is more consistency in homeownership (usually 5+ years to recover closing costs) which allows for people to get to know their neighbors and share the community that they live in.
5. No Hidden Fees: Has your rent ever been raised at the end of your rental term? If so, you don't have to worry about that if you own a home and have a fixed-rate mortgage. Your monthly mortgage payment today is what it will be next year and the year after. This predictability allows for planning renovations, vacations, new car, etc. Of course there are costs that come with owning a home that can come monthly or annually (appliances breaking, window cleaning, etc.), but your major expense (your mortgage) will be the same year after year.
Call a mortgage or real estate professional today to get pre qualified for a mortgage and start looking for your perfect home!
1. It's a Buyer's Market: Right now there is ample inventory with affordable prices. If you have steady income and enough money for a down payment, the timing could not be better especially with interest rates at historical lows. This means huge savings over the term of your mortgage.
2. Equity: Many areas in the country are currently experiencing average home appreciation (4-6% per year), which is what should normally be expected. For areas that have been hit harder, experts predict that the housing market will recover. Why pay rent that will never amount to anything in the end when you could be making similar mortgage payments that turn into equity? Purchasing a home does require more initial expenses, but in the long run it will be a worthwhile investment that you can sell at a profit.
3. Freedom: As a renter have you ever wished that you could paint your walls a different color or have hardwood instead of carpet? As a homeowner the options are endless to fit your own taste! Owning a home truly means making it yours to enjoy and there are no consequences if you redecorate or renovate.
4. Community: Rentals can seem like a revolving door sometimes with neighbors constantly coming and going after living in the building a year or less. There is more consistency in homeownership (usually 5+ years to recover closing costs) which allows for people to get to know their neighbors and share the community that they live in.
5. No Hidden Fees: Has your rent ever been raised at the end of your rental term? If so, you don't have to worry about that if you own a home and have a fixed-rate mortgage. Your monthly mortgage payment today is what it will be next year and the year after. This predictability allows for planning renovations, vacations, new car, etc. Of course there are costs that come with owning a home that can come monthly or annually (appliances breaking, window cleaning, etc.), but your major expense (your mortgage) will be the same year after year.
Call a mortgage or real estate professional today to get pre qualified for a mortgage and start looking for your perfect home!
Friday, November 4, 2011
Nothnagle's Lakeville branch merges with Geneso!
Over the past eighteen months, Nothnagle REALTORS® has expanded greatly in Livingston County. Last year Youngs & Linfoot and The Edmond agency merged with the Nothnagle REALTORS® name. Nothnagle’s market share in Livingston County is currently 37% with the next closest competitor ranking at 15%.
In the past year, the Nothnagle Geneseo office, which began as a two-room satellite office in 2008, increased their sales volume by over 322% and has evolved into a 3,500 square foot office space. The newest Nothnagle location in Dansville accounts for 58% of the total sales in that market. With the increased growth of our presence in Genesee and Dansville, many agents are choosing to work out of these busier Nothnagle offices.
As a result of the tremendous response to Nothnagle in the area, President & CEO Armand D’Alfonso has decided to merge the Lakeville and Geneseo offices to bolster resources, position the offices to continue to be the dominant force in each marketplace, and continue to gain market share by bringing more business to our agents.
“This is a tremendous accomplishment for the Company and we take great pride in the growth we have experienced in this particular market,” said President & CEO Armand D’Alfonso. “Through this move, it will allow the Company to bolster our resources, position our offices to continue to be the dominant force in each marketplace, continue to gain market share and bring more business to our agents.”
Most of the 15 Lakeville agents will be relocating to Geneseo with one transferring to the Canandaigua branch. The Geneseo office is located within seven miles of Lakeville and both Geneseo and Dansville are strategically positioned to continue to service the entire County.
In the past year, the Nothnagle Geneseo office, which began as a two-room satellite office in 2008, increased their sales volume by over 322% and has evolved into a 3,500 square foot office space. The newest Nothnagle location in Dansville accounts for 58% of the total sales in that market. With the increased growth of our presence in Genesee and Dansville, many agents are choosing to work out of these busier Nothnagle offices.
As a result of the tremendous response to Nothnagle in the area, President & CEO Armand D’Alfonso has decided to merge the Lakeville and Geneseo offices to bolster resources, position the offices to continue to be the dominant force in each marketplace, and continue to gain market share by bringing more business to our agents.
“This is a tremendous accomplishment for the Company and we take great pride in the growth we have experienced in this particular market,” said President & CEO Armand D’Alfonso. “Through this move, it will allow the Company to bolster our resources, position our offices to continue to be the dominant force in each marketplace, continue to gain market share and bring more business to our agents.”
Most of the 15 Lakeville agents will be relocating to Geneseo with one transferring to the Canandaigua branch. The Geneseo office is located within seven miles of Lakeville and both Geneseo and Dansville are strategically positioned to continue to service the entire County.
Wednesday, November 2, 2011
Keeping Your Home's Value at it's Best
Proactive maintenance is essential to preserving the value of your home—without it, your home could lose 10% of its value. Regular, routine maintenance enhances curb appeal, ensures safety, and prevents neglected upkeep from turning into costly major repairs.
Outright damage to your house is just one of the consequences of neglected maintenance. Without regular upkeep, the property could easily lose 10% of its appraised value. That could translate into a $10,000 or $15,000 adjustment.
In addition, a house with chipped, fading paint, sagging gutters, and worn carpeting faces an uphill battle when it comes time to sell. Not only is it at a disadvantage in comparison with other similar homes that might be for sale in the neighborhood, but a shaggy appearance is bound to turn off prospective buyers and depress the selling price. Remember, first impressions mean a lot to potential buyers.
A study by researchers at the University of Connecticut and Syracuse University suggests that maintenance actually increases the value of a house by about 1% each year. However, maintenance costs money. How much money is required for annual maintenance varies. Some years, routine tasks, such as cleaning gutters and changing furnace filters, are all that’s needed, and your total expenditures may be a few hundred dollars. Other years may include major replacements, such as a new roof, at a cost of $10,000 or more.
Setting aside a cash reserve that’s used strictly for home repair and maintenance can be helpful. That way, routine upkeep is a snap and any significant replacements won’t blindside the family budget.
Some other strategies include:
Play offense, not defense: Proactive maintenance is key to preventing small problems from becoming big issues. Take the initiative with regular inspections. Create and faithfully follow a maintenance schedule. If you’re unsure of what needs to be done, a $200 to $300 visit from a professional inspector can be invaluable in pointing out quick fixes and potential problems.
Plan a room-per-year redo: Pick a different room every year and go through it, fixing and improving as you go. That helps keep maintenance fun and interesting.
Keep track: Having a notebook of all your maintenance and upgrades, along with receipts, is a powerful tool when it comes to sell your home. It gets rid of any doubts for the buyer, and it says you are a meticulous, caring homeowner. A maintenance record also proves repairs and replacements for systems, such as wiring and plumbing, which might not be readily apparent.
Not familiar with Nothnagle Home services?
Learn about it here.
Outright damage to your house is just one of the consequences of neglected maintenance. Without regular upkeep, the property could easily lose 10% of its appraised value. That could translate into a $10,000 or $15,000 adjustment.
In addition, a house with chipped, fading paint, sagging gutters, and worn carpeting faces an uphill battle when it comes time to sell. Not only is it at a disadvantage in comparison with other similar homes that might be for sale in the neighborhood, but a shaggy appearance is bound to turn off prospective buyers and depress the selling price. Remember, first impressions mean a lot to potential buyers.
A study by researchers at the University of Connecticut and Syracuse University suggests that maintenance actually increases the value of a house by about 1% each year. However, maintenance costs money. How much money is required for annual maintenance varies. Some years, routine tasks, such as cleaning gutters and changing furnace filters, are all that’s needed, and your total expenditures may be a few hundred dollars. Other years may include major replacements, such as a new roof, at a cost of $10,000 or more.
Setting aside a cash reserve that’s used strictly for home repair and maintenance can be helpful. That way, routine upkeep is a snap and any significant replacements won’t blindside the family budget.
Some other strategies include:
Play offense, not defense: Proactive maintenance is key to preventing small problems from becoming big issues. Take the initiative with regular inspections. Create and faithfully follow a maintenance schedule. If you’re unsure of what needs to be done, a $200 to $300 visit from a professional inspector can be invaluable in pointing out quick fixes and potential problems.
Plan a room-per-year redo: Pick a different room every year and go through it, fixing and improving as you go. That helps keep maintenance fun and interesting.
Keep track: Having a notebook of all your maintenance and upgrades, along with receipts, is a powerful tool when it comes to sell your home. It gets rid of any doubts for the buyer, and it says you are a meticulous, caring homeowner. A maintenance record also proves repairs and replacements for systems, such as wiring and plumbing, which might not be readily apparent.
Not familiar with Nothnagle Home services?
Learn about it here.
Tuesday, October 25, 2011
Fall is Here and Home Services is Here to Help!
Fall is finally here! Depending on your situation, that could mean a remodel, landscaping project, or maybe some old windows that are letting your air conditioning escape. Whatever the project, Nothnagle Home Services can do it all.
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Sunday, October 23, 2011
Mark Siwiec Joins Nothnagle Realtors!
The Rochester region’s second highest-producing Realtor will be joining Nothnagle Realtors’ Brighton office.
Mark Siwiec is leaving ReMax Realty Group in Pittsford, where he records $34 million in annual sales transactions. He will start at the Brighton Nothnagle branch Monday and will bring three or four out of six agents on his current team and three support staffers.
Siwiec said he is making the move for business reasons, noting Nothnagle’s technology and well-designed website as well as its aggressive marketing efforts.
In March, the region’s top-selling agent, Holly Creek, moved from Hunt Real Estate ERA to join Nothnagle.
Siwiec has been in the real estate business for 21 years and was with ReMax Realty Group for the past decade.
Mark Siwiec is leaving ReMax Realty Group in Pittsford, where he records $34 million in annual sales transactions. He will start at the Brighton Nothnagle branch Monday and will bring three or four out of six agents on his current team and three support staffers.
Siwiec said he is making the move for business reasons, noting Nothnagle’s technology and well-designed website as well as its aggressive marketing efforts.
In March, the region’s top-selling agent, Holly Creek, moved from Hunt Real Estate ERA to join Nothnagle.
Siwiec has been in the real estate business for 21 years and was with ReMax Realty Group for the past decade.
Friday, October 21, 2011
Nothnagle Home Securities Appoints New CEO
Philip Nothnagle of Nothnagle Home Securities Corp (NHSC) announced today that Christine Nothnagle will take over his position as CEO for the company, effective immediately. Philip has served as CEO since 1969 and will remain on in the capacity of Chairman.
Christine Nothnagle joined NHSC in 1986 and was named President & Chief Operating Officer in 2004.
“Christine lends herself to every aspect of the mortgage process including initial phone calls, updating clients about rates, processing and underwriting and everything leading up to the closing. Customer service is her first priority,” said Phil Nothnagle, Chairman.
Christine currently serves as Treasurer of The Housing Council and is a member of the SONYMA Advisory Council, which provides assistance in maximizing SONYMA as a provider of affordable and sustainable mortgages. Nothnagle Home Securities was listed as SONYMA's second largest lender in the Rochester Area for the third quarter of 2008.
Christine Nothnagle joined NHSC in 1986 and was named President & Chief Operating Officer in 2004.
“Christine lends herself to every aspect of the mortgage process including initial phone calls, updating clients about rates, processing and underwriting and everything leading up to the closing. Customer service is her first priority,” said Phil Nothnagle, Chairman.
Christine currently serves as Treasurer of The Housing Council and is a member of the SONYMA Advisory Council, which provides assistance in maximizing SONYMA as a provider of affordable and sustainable mortgages. Nothnagle Home Securities was listed as SONYMA's second largest lender in the Rochester Area for the third quarter of 2008.
Tuesday, October 18, 2011
Nothnagle Realtors Hometown Choice Collecting Coats
Every year, local Realtor Jim Moon starts the collection of coats to be donated to the Christmas for the Needy effort in December.Good used or new coats can be dropped off at Nothnagle Realtors Hometown Choice office, 270 Lake Street, Suite #1, Penn Yan, beginning Oct. 17. The coats are laundered at K&L Cleaners before being sorted and distributed to children.
If you want to help with the project or have questions, call Moon at 315-694-1235 or email Jim@nothnagleHTC.com
Saturday, October 15, 2011
Get Your Offer Accepted!
Imagine that you have finally found the house of your dreams. It is priced right and getting a lot of potential buyers through. You want to make an offer, but what can you do to make sure your offer is the one that is accepted? Financially, offers can be broken down into three categories:
1.) An All-Cash Offer
Obviously, a cash offer is favored by any seller. In today’s real estate market, an all-cash offer is even more enticing. Last month, one in four real estate transactions were impacted by a low appraisal. An all-cash buyer eliminates the need for the bank appraisal.
2.) A Non-Contingent Offer
If you don’t have cash readily available, the next best thing would be to make a non-contingent offer. To do this you should be already pre-approved for a mortgage and have your current house already under contract. This gives the seller the confidence that you are already a qualified buyer who will be able to complete the purchase.
3.) A Contingent Offer
Some buyers start the process of looking for a new home before their current home is sold, which could be a big mistake. If you find the home you have been waiting for, it will be very difficult to get an offer accepted because the seller could see the offer potentially falling through down the road.
Asking a seller to wait until your home is sold is somewhat unreasonable in today’s market. One of the reasons you would want the home is because the seller priced the home at a value to sell it NOW. They want to know it is sold when they accept an offer.
Unless you have the ability to purchase with cash, the best thing to do is to be pre-approved for a mortgage and have your current house already in contract before looking for the home of your dreams.
Source: http://kcmblog.com/
1.) An All-Cash Offer
Obviously, a cash offer is favored by any seller. In today’s real estate market, an all-cash offer is even more enticing. Last month, one in four real estate transactions were impacted by a low appraisal. An all-cash buyer eliminates the need for the bank appraisal.
2.) A Non-Contingent Offer
If you don’t have cash readily available, the next best thing would be to make a non-contingent offer. To do this you should be already pre-approved for a mortgage and have your current house already under contract. This gives the seller the confidence that you are already a qualified buyer who will be able to complete the purchase.
3.) A Contingent Offer
Some buyers start the process of looking for a new home before their current home is sold, which could be a big mistake. If you find the home you have been waiting for, it will be very difficult to get an offer accepted because the seller could see the offer potentially falling through down the road.
Asking a seller to wait until your home is sold is somewhat unreasonable in today’s market. One of the reasons you would want the home is because the seller priced the home at a value to sell it NOW. They want to know it is sold when they accept an offer.
Unless you have the ability to purchase with cash, the best thing to do is to be pre-approved for a mortgage and have your current house already in contract before looking for the home of your dreams.
Source: http://kcmblog.com/
Tuesday, October 11, 2011
Unexpected Money and Energy Saving Tips
Are you worried about your energy bill for the upcoming winter season? We've provided you with some simple and suprising tips to help cut down your costs:
Give your water heater a blanket:
This may seem ridiculous, but using a fiberglass insulation blanket to add an extra layer can reduce your heat loss and reduce your water-heating bill up to 9%.
DO use the dishwasher:
You may think that you are being efficient is using energy by doing dishes by hand, but the dishwasher actually uses 1/3 less hot water, which then reduces the water-heater's energy bill.
Use an ice tray:
The internal ice maker in your fridge can increase energy usage up to 20%! Stop using it and make ice the old fashioned way.
Install motion sensitive lights:
If you or anyone in your family forgets to turn this lights off this is a great energy saver that will run you $15-$50 a light. The sensor will detect when the room is vacant and the lights will turn off.
Get more light from lamps in the corner:
Replace your current lamp's bulb with a lower wattage bulb, it is not a noticeable different. Place the lamp in a corner to let the light reflect off of the surrounding walls, which will make your room look lighter and brighter.
Saturday, October 8, 2011
Bob Malone Wins Realtor of the Year!
Having been in the real estate business for more than 35 years, Bob Malone considers relationships to be the key to success.
Helping people find or sell a home and building friendships from those relationships is what the business is all about, he said. "I enjoy most the warm feeling of helping someone get their home."
Malone was named Realtor of the Year at the Greater Rochester Association of Realtors' gala luncheon at the Hyatt Regency on Thursday, with more than 400 people from the real estate community attending. Malone is an agent with the Chili-Ogden office of Nothnagle Realtors.
The award is presented to an association member who demonstrates distinguished service in the advancement of the ideals of the real estate profession and shows involvement as an ambassador of the association.
"Bob epitomizes everything a Realtor should be. He's honest, ethical and hardworking, which has earned him the respect of his peers," said Armand D'Alfonso, CEO of Nothnagle Realtors. "He continues to give back to both the real estate community and the community at large through his ongoing volunteer efforts."
This is the second consecutive year that a Nothnagle agent has won the Realtor of the Year designation. Last year, Bob Maves, manager of the Pittsford office, was the recipient.
Malone is a leader in the real estate community, always ready to give back by volunteering or helping a new agent, said John Majchrzak, manager of Nothnagle's Chili-Ogden office.
Malone was past chairman of the board at the association and has achieved a master gold sales award every year since 2000. He and his wife, Beth, live in Chili and have two daughters.
Thursday, October 6, 2011
Fairport Branch Blood Drive
Please join our Fairport Branch on Saturday October 8, 2011 between 9:00-1:00 located in the Village at 65 S. Main Street.
You can also check out the Scarecrow Festival when you're there!
Tuesday, October 4, 2011
Fall is Here and Home Services Can Help!
Fall is finally here! Depending on your situation, that could mean a remodel, landscaping project, or maybe some old windows that are letting your air conditioning escape. Whatever the project, Nothnagle Home Services can do it all.
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Through their partnership with trusted Rochester area contractors, service partners, and retailers, Home Services provides Nothnagle clients with home-related products and services before, during, and after their move.
Home Services does so much more than just providing moving services. There are service partners that specialize in whatever you may need. From paint, cleaning, interior decorating, roof repairs, mowing, pest removal, remodeling, trash/garbage pickup, home security, or heating/air conditioning, Home Services will help get the job done. A full list of our service categories can be found here.
Each one of our service partners provides some special benefit exclusively to Nothnagle clients who go through Home Services. Every partner is required to maintain a 95% satisfaction rate with our clients, so you can be sure you are getting the highest quality service. Take comfort in knowing the job will get done right. A full list of our service partners can be found here.
Take advantage of what Home Services can offer! Register now and get started.
Visit our Facebook page to stay up-to-date with our newest partners and special promotions!
Sunday, October 2, 2011
7 Reasons Why Nothnagle Will Work For You!
We're excited to launch our new landing page and ad campaign to promote our 7-Step Marketing System, exclusive to Nothnagle Realtors. What do you get when you spend six decades perfecting the process of selling homes? The most effective home-selling system in the area.
The Nothnagle 7-Step Marketing System is proven to sell the most homes in Rochester. That's because we use marketing tools that other brokers don't. Like our Weekly Market Report to keep you up to date on inquiries about your property and other listings in your neighborhood. A posting on Rochester's #1 real estate web site. Guaranteed print advertising. And the area's most effect real estate agents.
Contact a Nothnagle agent direct or 899-MOVE today to find out more or visit Nothnagle.com/7Steps.
The Nothnagle 7-Step Marketing System is proven to sell the most homes in Rochester. That's because we use marketing tools that other brokers don't. Like our Weekly Market Report to keep you up to date on inquiries about your property and other listings in your neighborhood. A posting on Rochester's #1 real estate web site. Guaranteed print advertising. And the area's most effect real estate agents.
Contact a Nothnagle agent direct or 899-MOVE today to find out more or visit Nothnagle.com/7Steps.
Friday, September 30, 2011
Mortgage Applications on the Rise!
Mortgage applications rose 9.3% this past week as borrowers refinanced their home loans at exceptionally low interest rates.
The Mortgage Bankers Association said refinancing applications grew dramatically, with the refinance index jumping 11.2%. Meanwhile, the purchase index grew 2.6%, suggesting an increase in new home applications at the lower interest rates.
"With lower rates, refinance application volume increased to its highest level since August 19, 2011," said Mike Fratantoni, the MBA's vice president of research and economics. "Purchase application volume also increased. However, the increase was in conventional purchase applications, which were up by 4.9 percent. Purchase applications for government loans fell by 0.6 percent over the week, likely influenced by the pending decline in FHA loan limits."
The refinancing share of mortgage activity grew to 79.7% of all applications, up from 78.3% the previous week.
The average interest rate for 30-year fixed rate mortgages with conforming loan balances of $417,500 or less fell to 4.25% from 4.29% this past week. Meanwhile, the average contract interest rate for 30-year, fixed-rate mortgages with jumbo loan balances fell to 4.51% from 4.55%.
In addition, the interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 4.05 percent from 4.07 percent.
The 15-year, FRM increased to 3.47% from 3.46%, while the average contract interest rate for 5/1 ARMs fell to 2.95% fro 2.96%.
Now is a great time to contact a loan officer today!
The Mortgage Bankers Association said refinancing applications grew dramatically, with the refinance index jumping 11.2%. Meanwhile, the purchase index grew 2.6%, suggesting an increase in new home applications at the lower interest rates.
"With lower rates, refinance application volume increased to its highest level since August 19, 2011," said Mike Fratantoni, the MBA's vice president of research and economics. "Purchase application volume also increased. However, the increase was in conventional purchase applications, which were up by 4.9 percent. Purchase applications for government loans fell by 0.6 percent over the week, likely influenced by the pending decline in FHA loan limits."
The refinancing share of mortgage activity grew to 79.7% of all applications, up from 78.3% the previous week.
The average interest rate for 30-year fixed rate mortgages with conforming loan balances of $417,500 or less fell to 4.25% from 4.29% this past week. Meanwhile, the average contract interest rate for 30-year, fixed-rate mortgages with jumbo loan balances fell to 4.51% from 4.55%.
In addition, the interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 4.05 percent from 4.07 percent.
The 15-year, FRM increased to 3.47% from 3.46%, while the average contract interest rate for 5/1 ARMs fell to 2.95% fro 2.96%.
Now is a great time to contact a loan officer today!
Tuesday, September 27, 2011
Sunday, September 25, 2011
Helpful Moving Tips
Preparing for a move is often stressful and overwhelming, not to mention expensive. Below are some tips to keep in mind to make your move go smoothly when planning, whether making a short or long distance move.
Determine your type of move:
You have three basic choices: do-it-yourself, full service or a hybrid move. Doing a move by yourself is the cheapest method with only the cost of the truck rental, gas, packing material and maybe some lunch or dinner for anyone who helps.
With full-service moves, moving within a state is charged by the hour, while moving across state lines is charged by weight and mileage.
With a hybrid move, a mover will drop off a large container at your home for you to pack. The mover will then load the container onto a truck, drive the belongings to your new location and drop off the container for you to unload. Because you’re doing the manual labor of packing and unpacking, it’s far less costly than a full-service move. Also take into consideration tipping your movers $3-$5/per hour.
Hire a quality mover: If you do hire help, get at least three price quotes and do some research. Investigate a company’s reputation with the Better Business Bureau and a company’s complaint history at the federal government site. Look for two things when hiring a moving company: A full-service mover should visit your home in person, not give a quote over the phone or online, and should provide a written estimate, according to experts.
Declutter: No matter what type of move you’re making, taking less stuff is cheaper and less hassle. Set up a staging area, perhaps in a garage, with various piles, such as throw out, recycle, donate and sell. For many items, use the rule of thumb, ‘If you haven’t used it in a year, you probably don’t need it.’
Be flexible: Like airline fares, moving rates depend on when you book. The busiest time for movers, and thus the most expensive time for consumers, is summer weekends near the 15th and 30th of the month. If you have time flexibility, ask what rates would be for different days or seasons. If you have extreme flexibility, ask about moving standby: waiting until the mover has extra space and needs to fill a truck.
Save on boxes and packing materials: Buying new boxes from a moving company is the most expensive choice. To save some money on packing materials, ask if you can buy used boxes from your moving company or find free boxes. Free boxes can be found from people who have just moved (your realtor can help you), or from various stores in your area that are throwing boxes away. If you’re packing your belongings yourself, start to fill suitcases, laundry baskets and plastic containers with unbreakable items. Use pillows, scarves and towels to wrap fragile belongings.
Mail books: If you have a large collection of books, pack them yourself and ship them at the postal media mail rate as it might be cheaper than paying a mover—a 70-pound box would cost less than $30.
Insure it: Check your homeowner’s or renter’s insurance policy to determine whether it provides coverage for your belongings while in transit. If not, you’ll probably want more than the basic free valuation coverage a full-service mover provides. The standard valuation is 60 cents per pound per item. That means breaking a 10-pound, $1,000 stereo system would net you $6. You’ll want full replacement-value insurance, which reimburses you what it will cost to replace broken items. But don’t necessarily buy that insurance from the moving company. Moving insurance is likely cheaper from a third party, but be aware that you probably cannot get insurance on boxes you packed yourself.
Be prepared: Plot out where furniture and boxes will go before moving day arrives. The less time movers spend rearranging, the less expensive it will be. In urban areas, reserve a space or two in front of your new home for the moving truck by parking your own vehicle there ahead of time. If the movers have to park too far away to unload, you could incur a ‘long carry’ surcharge.
Stake your claim: If you’re moving for a job, negotiate the best relocation package you can. Unreimbursed expenses might be tax-deductible. For details, see Publication 521.
Determine your type of move:
You have three basic choices: do-it-yourself, full service or a hybrid move. Doing a move by yourself is the cheapest method with only the cost of the truck rental, gas, packing material and maybe some lunch or dinner for anyone who helps.
With full-service moves, moving within a state is charged by the hour, while moving across state lines is charged by weight and mileage.
With a hybrid move, a mover will drop off a large container at your home for you to pack. The mover will then load the container onto a truck, drive the belongings to your new location and drop off the container for you to unload. Because you’re doing the manual labor of packing and unpacking, it’s far less costly than a full-service move. Also take into consideration tipping your movers $3-$5/per hour.
Hire a quality mover: If you do hire help, get at least three price quotes and do some research. Investigate a company’s reputation with the Better Business Bureau and a company’s complaint history at the federal government site. Look for two things when hiring a moving company: A full-service mover should visit your home in person, not give a quote over the phone or online, and should provide a written estimate, according to experts.
Declutter: No matter what type of move you’re making, taking less stuff is cheaper and less hassle. Set up a staging area, perhaps in a garage, with various piles, such as throw out, recycle, donate and sell. For many items, use the rule of thumb, ‘If you haven’t used it in a year, you probably don’t need it.’
Be flexible: Like airline fares, moving rates depend on when you book. The busiest time for movers, and thus the most expensive time for consumers, is summer weekends near the 15th and 30th of the month. If you have time flexibility, ask what rates would be for different days or seasons. If you have extreme flexibility, ask about moving standby: waiting until the mover has extra space and needs to fill a truck.
Save on boxes and packing materials: Buying new boxes from a moving company is the most expensive choice. To save some money on packing materials, ask if you can buy used boxes from your moving company or find free boxes. Free boxes can be found from people who have just moved (your realtor can help you), or from various stores in your area that are throwing boxes away. If you’re packing your belongings yourself, start to fill suitcases, laundry baskets and plastic containers with unbreakable items. Use pillows, scarves and towels to wrap fragile belongings.
Mail books: If you have a large collection of books, pack them yourself and ship them at the postal media mail rate as it might be cheaper than paying a mover—a 70-pound box would cost less than $30.
Insure it: Check your homeowner’s or renter’s insurance policy to determine whether it provides coverage for your belongings while in transit. If not, you’ll probably want more than the basic free valuation coverage a full-service mover provides. The standard valuation is 60 cents per pound per item. That means breaking a 10-pound, $1,000 stereo system would net you $6. You’ll want full replacement-value insurance, which reimburses you what it will cost to replace broken items. But don’t necessarily buy that insurance from the moving company. Moving insurance is likely cheaper from a third party, but be aware that you probably cannot get insurance on boxes you packed yourself.
Be prepared: Plot out where furniture and boxes will go before moving day arrives. The less time movers spend rearranging, the less expensive it will be. In urban areas, reserve a space or two in front of your new home for the moving truck by parking your own vehicle there ahead of time. If the movers have to park too far away to unload, you could incur a ‘long carry’ surcharge.
Stake your claim: If you’re moving for a job, negotiate the best relocation package you can. Unreimbursed expenses might be tax-deductible. For details, see Publication 521.
Friday, September 23, 2011
Need Any Documents Shredded?
Do you have important documents that need shredding?
Nothnagle Realtors Fairport branch offers you a day of free shredding at 65 S. Main Street, Fairport, NY 14450 (located in the Village).
Saturday September 24, 2011 9 a.m.-1 p.m.
Call to reserve your time 585.223.9000
Tuesday, September 20, 2011
Join Us to Make Strides Against Breast Cancer!
On October 2nd at 10:00AM, Nothnagle Realtors will be walking together to "Make Strides Against Breast Cancer". Together we are aiming to raise $5,000 to donate to the American Cancer Society. If you would like to join our team, please click here and follow the steps. There is no minimum amount of money to raise, but any amount you can get as a donation to support our cause is appreciated.
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
Friday, September 16, 2011
Nothnagle Donates to Ronald McDonald Charities
Nothnagle REALTORS® presented a donation to Ronald McDonald House Charities on September 14, 2011. The donation was a result of proceeds raised at Nothnagle’s Annual Golf Tournament. Over 140 agents and guests participated in the tournament held at Durand Eastman Golf Course on August 15, raising $3,500 for the charity.
Ronald McDonald House Charities of Rochester has two locations in the area. The first one is a 20 bedroom house located at 333 Westmoreland Drive, where Nothnagle presented the check, and The House Within the Hospital in the Intensive care Unit at Golisano Children’s Hospital at Strong. The houses are specifically meant for families of children who are in the hospital due to illness, cancer, injuries or accidents, as a comfortable home away from home with minimal expenses. The House on Westmoreland has a three work station kitchen that invites volunteers in to cook for the families staying at the house. There are over 300 houses worldwide that help to alleviate financial and emotional stress for families seeking care for their children at state-of-the-art medical facilities away from home.
“This is such a worthy cause to donate to because it really helps the families of sick or injured children to be able to stay close and save on expenses. We are proud to have had such a successful event this year and I am happy to be giving it to such a worthwhile charity,” said Armand D’Alfonso, President & CEO.
Special thanks to this year’s Golf Tournament sponsors is extended to:
Davie Kaplan
Woods Oviatt
WROC
Andolina Insurance Agency
Gannett/D&C
Trevett Cristo Salzer & Andolina
Pheterson, Stern
NHSC
Premium
2-10 HTW
Property Source
AllState
Ralph Rizzo-Hidden Pet Fence
Brett Brien, Electrimech
David Dollinger
Spotless
Wednesday, September 14, 2011
Nothnagle's Brighton Branch Relocates
Nothnagle Realtors is celebrating the Grand Opening of their newest office location today September 14th. In July 2011, Nothnagle’s Brighton branch relocated from 1415 Monroe Avenue to 2349 Monroe Avenue to accommodate the expansion of the office.
Branch Manager Garry Britton has plans to continue to grow the office from the current 54 agents associated with it. The former office consisted of 3,300 square feet while the new location is nearly triple the size with 9,003 square feet. “The building at 2349 Monroe Avenue and Nothnagle are landmarks in Brighton and we're proud to be part of the Brighton community for over 51 years”, said Branch Manager Garry Britton.
The Brighton Chamber of Commerce is partnering with Nothnagle Realtors for the official ribbon cutting at the new location. New York State Senator Joseph Robach and Brighton Town Supervisor, Sandra Frankel, will be present at the ceremony which begins at 4:30 p.m. “We really appreciate the community support that has been given to Nothnagle and I would like to thank everyone for taking the time to join us today,” said Armand D’Alfonso, President & CEO.
Garry Britton can be reached at (585) 473-1320.
Tuesday, September 13, 2011
What Do Today's Buyers Want?
The United States had tax credits in 2009 and 2010 for both first-time homebuyers and move-up homebuyers. The nation saw a spike in sales because of this incentive, but has recently slowed now that there is no pressure to buy under a deadline. Buyers are taking their time before making a decision which is why your home must stand out to potential buyers. There are not as many buyers these days, so sellers have to meet expectations. Prospective buyers have the upper hand in the current real estate market.
So what are they looking for? Buyers today want move-in ready homes and they are willing to pay extra on a price tag if it will save them time, money and effort in the long run. Buyers are typically looking for amenities such like granite counter tops, fresh paint, hardwood floors in great condition and airconditioning. There are really two seperate trends emerging: one with houses that are in good condition and priced well and another with higher priced homes that need work.
If you are a potential seller thinking about putting your home on the market, make sure to read articles and get tips for easy aesthetic home improvements. Sometimes just a fresh coat of paint and new hardware can get you up to another $1,000! Also remember that kitchen and bathroom upgrades are worth the most value to buyers!
So what are they looking for? Buyers today want move-in ready homes and they are willing to pay extra on a price tag if it will save them time, money and effort in the long run. Buyers are typically looking for amenities such like granite counter tops, fresh paint, hardwood floors in great condition and airconditioning. There are really two seperate trends emerging: one with houses that are in good condition and priced well and another with higher priced homes that need work.
If you are a potential seller thinking about putting your home on the market, make sure to read articles and get tips for easy aesthetic home improvements. Sometimes just a fresh coat of paint and new hardware can get you up to another $1,000! Also remember that kitchen and bathroom upgrades are worth the most value to buyers!
Friday, September 9, 2011
Preserving Your Home's Value
Proactive maintenance is essential to preserving the value of your home—without it, your home could lose 10% of its value. Regular, routine maintenance enhances curb appeal, ensures safety, and prevents neglected upkeep from turning into costly major repairs.
Outright damage to your house is just one of the consequences of neglected maintenance. Without regular upkeep, the property could easily lose 10% of its appraised value. That could translate into a $10,000 or $15,000 adjustment.
In addition, a house with chipped, fading paint, sagging gutters, and worn carpeting faces an uphill battle when it comes time to sell. Not only is it at a disadvantage in comparison with other similar homes that might be for sale in the neighborhood, but a shaggy appearance is bound to turn off prospective buyers and depress the selling price. Remember, first impressions mean a lot to potential buyers.
A study by researchers at the University of Connecticut and Syracuse University suggests that maintenance actually increases the value of a house by about 1% each year. However, maintenance costs money. How much money is required for annual maintenance varies. Some years, routine tasks, such as cleaning gutters and changing furnace filters, are all that’s needed, and your total expenditures may be a few hundred dollars. Other years may include major replacements, such as a new roof, at a cost of $10,000 or more.
Setting aside a cash reserve that’s used strictly for home repair and maintenance can be helpful. That way, routine upkeep is a snap and any significant replacements won’t blindside the family budget.
Some other strategies include:
Play offense, not defense: Proactive maintenance is key to preventing small problems from becoming big issues. Take the initiative with regular inspections. Create and faithfully follow a maintenance schedule. If you’re unsure of what needs to be done, a $200 to $300 visit from a professional inspector can be invaluable in pointing out quick fixes and potential problems.
Plan a room-per-year redo: Pick a different room every year and go through it, fixing and improving as you go. That helps keep maintenance fun and interesting.
Keep track: Having a notebook of all your maintenance and upgrades, along with receipts, is a powerful tool when it comes to sell your home. It gets rid of any doubts for the buyer, and it says you are a meticulous, caring homeowner. A maintenance record also proves repairs and replacements for systems, such as wiring and plumbing, which might not be readily apparent.
Not familiar with Nothnagle Home services?
Learn about it here.
Outright damage to your house is just one of the consequences of neglected maintenance. Without regular upkeep, the property could easily lose 10% of its appraised value. That could translate into a $10,000 or $15,000 adjustment.
In addition, a house with chipped, fading paint, sagging gutters, and worn carpeting faces an uphill battle when it comes time to sell. Not only is it at a disadvantage in comparison with other similar homes that might be for sale in the neighborhood, but a shaggy appearance is bound to turn off prospective buyers and depress the selling price. Remember, first impressions mean a lot to potential buyers.
A study by researchers at the University of Connecticut and Syracuse University suggests that maintenance actually increases the value of a house by about 1% each year. However, maintenance costs money. How much money is required for annual maintenance varies. Some years, routine tasks, such as cleaning gutters and changing furnace filters, are all that’s needed, and your total expenditures may be a few hundred dollars. Other years may include major replacements, such as a new roof, at a cost of $10,000 or more.
Setting aside a cash reserve that’s used strictly for home repair and maintenance can be helpful. That way, routine upkeep is a snap and any significant replacements won’t blindside the family budget.
Some other strategies include:
Play offense, not defense: Proactive maintenance is key to preventing small problems from becoming big issues. Take the initiative with regular inspections. Create and faithfully follow a maintenance schedule. If you’re unsure of what needs to be done, a $200 to $300 visit from a professional inspector can be invaluable in pointing out quick fixes and potential problems.
Plan a room-per-year redo: Pick a different room every year and go through it, fixing and improving as you go. That helps keep maintenance fun and interesting.
Keep track: Having a notebook of all your maintenance and upgrades, along with receipts, is a powerful tool when it comes to sell your home. It gets rid of any doubts for the buyer, and it says you are a meticulous, caring homeowner. A maintenance record also proves repairs and replacements for systems, such as wiring and plumbing, which might not be readily apparent.
Not familiar with Nothnagle Home services?
Learn about it here.
Wednesday, September 7, 2011
Join Us October 2nd to Make Strides Against Breast Cancer!
On October 2nd at 10:00AM, Nothnagle Realtors will be walking together to "Make Strides Against Breast Cancer". Together we are aiming to raise $5,000 to donate to the American Cancer Society. If you would like to join our team, please click here and follow the steps. There is no minimum amount of money to raise, but any amount you can get as a donation to support our cause is appreciated.
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
Monday, September 5, 2011
Top Ten Reasons to Sell
Not sure if you should sell or not? Below are the top ten reasons why people consider selling. If you are facing a similar situation, you may want to consider listing your home on the market with a real estate professional.
1. Relocating: This reason is pretty obvious because in today's economy, people go where there are jobs. However, if you are financially able the home is in a stable area, you might want to consider keeping it as a rental property. If you do not plan on keeping the property and need to sell it quickly, contract a Realtor to help you get the best offer.
2. Downsizing: As people enter retirement they are faced with empty nests and changes in daily life. Many will decide to sell in order to downsize to smaller, more manageable homes.
3. Risk of Foreclosure: Many homeowners find themselves in mortgages they cannot afford, whether due to job loss or to rising monthly payments. It is far better for your credit score to sell or do a short sale before being foreclosed upon.
4. Job Loss: similar to the above reason, if you have lost your job, but are still not behind on your payments, now could be a good time to take a pre-emptive strike to avoid foreclosure.
5. It's a Seller's Market: You won’t find this trend in most of the nation right now. There are, however, spots that are hot beds of activity. These homeowners may wish to sell to make a profit or to avoid the risk of attempting to sell later in a down market.
6. Dream House: It is a great time to buy, interest rates are at historic lows and home prices are stable. If a homeowner has a solid amount of equity in their current home, it may be a good time to sell and move up to their dream home.
7. Changing Locations: A downtown loft may have been a perfect choice for a young bachelor, but as a family evolves and children enter the story, a move may be needed to get to the best school district.
8. You Need Money: Your home can be one of your biggest assets. If you are in need of some liquid money, selling can free up cash.
9. Flipping: Investor may flip a house and sell it in order to make a quick profit.
10. Personal Matters: This could mean people relocating to be closer to their grandchildren, selling to free up cash for an investment, moving to warmer climates, etc.
1. Relocating: This reason is pretty obvious because in today's economy, people go where there are jobs. However, if you are financially able the home is in a stable area, you might want to consider keeping it as a rental property. If you do not plan on keeping the property and need to sell it quickly, contract a Realtor to help you get the best offer.
2. Downsizing: As people enter retirement they are faced with empty nests and changes in daily life. Many will decide to sell in order to downsize to smaller, more manageable homes.
3. Risk of Foreclosure: Many homeowners find themselves in mortgages they cannot afford, whether due to job loss or to rising monthly payments. It is far better for your credit score to sell or do a short sale before being foreclosed upon.
4. Job Loss: similar to the above reason, if you have lost your job, but are still not behind on your payments, now could be a good time to take a pre-emptive strike to avoid foreclosure.
5. It's a Seller's Market: You won’t find this trend in most of the nation right now. There are, however, spots that are hot beds of activity. These homeowners may wish to sell to make a profit or to avoid the risk of attempting to sell later in a down market.
6. Dream House: It is a great time to buy, interest rates are at historic lows and home prices are stable. If a homeowner has a solid amount of equity in their current home, it may be a good time to sell and move up to their dream home.
7. Changing Locations: A downtown loft may have been a perfect choice for a young bachelor, but as a family evolves and children enter the story, a move may be needed to get to the best school district.
8. You Need Money: Your home can be one of your biggest assets. If you are in need of some liquid money, selling can free up cash.
9. Flipping: Investor may flip a house and sell it in order to make a quick profit.
10. Personal Matters: This could mean people relocating to be closer to their grandchildren, selling to free up cash for an investment, moving to warmer climates, etc.
Saturday, September 3, 2011
Mortgage Rates Continue to Decline
This morning Freddie Mac released the results of its Primary Mortgage Market Survey®, showing mortgage rates at all time lows. While the 30-year fixed held steady, the 5-year adjustable rate mortgage set a new all-time record low having fallen for the eighth consecutive week and now standing at 2.96%.
This past week, the 30-year fixed-rate mortgage averaged 4.22%,. Last year it averaged 4.32% during the same week. The 15-year fixed rate mortgage was also lower compared to last year at 3.39%, which is down from 3.83% a year ago.
Vice president & chief economist at Freddie Mac states "Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record lows."
Contact a mortgage professional today to take advantage of the great rates or check out or mortgage calculator.
This past week, the 30-year fixed-rate mortgage averaged 4.22%,. Last year it averaged 4.32% during the same week. The 15-year fixed rate mortgage was also lower compared to last year at 3.39%, which is down from 3.83% a year ago.
Vice president & chief economist at Freddie Mac states "Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record lows."
Contact a mortgage professional today to take advantage of the great rates or check out or mortgage calculator.
Thursday, September 1, 2011
Find the Support You Need at Nothnagle!
If you are thinking of getting into the real estate business or considering a switch from your current broker, let us tell you how easy it is at Nothnagle!
Nothnagle provides agents with the most support services of any real estate company in the region. We also give agents the largest support staff—over 100 people working behind the scenes to support you.
As one of our agents, you can use as many support services as you like. It’s completely up to you and the way you work. All services are provided free of charge too!
Here is a sampling of the support services we provide:
•Placing company-paid print advertising
•Placing company-paid self promotion ads
•Preparing presentation packets
•Preparing listing packets
•Producing online Guided Tours for your listings
•Listing your home on Rochester’s most popular real estate web site
•Scheduling appointments for showings
•Entering new listings into MLS
•Providing agents and sellers with copies of all paperwork
•Coordinating transactions and paperwork for house closings
•Ordering “Just Listed” postcards
•Sending out mailings
•Maintaining your mailing list
•Providing one-on-one support
•Providing training
•Brainstorming innovative sales strategies
•Providing carefully screened contractors to facilitate home sales
•And much more
All of these support services are available to Nothnagle agents, free of charge. Use as many—or as few—as you like. It’s totally up to you.
There’s a lot that goes into being successful at real estate. No real estate company does more than Nothnagle to give you the support you need.
Talk to us about switching to Nothnagle. Find an office near you and then call a Branch Manager to learn more. Our agents tell us they wish they had switched sooner!
Nothnagle provides agents with the most support services of any real estate company in the region. We also give agents the largest support staff—over 100 people working behind the scenes to support you.
As one of our agents, you can use as many support services as you like. It’s completely up to you and the way you work. All services are provided free of charge too!
Here is a sampling of the support services we provide:
•Placing company-paid print advertising
•Placing company-paid self promotion ads
•Preparing presentation packets
•Preparing listing packets
•Producing online Guided Tours for your listings
•Listing your home on Rochester’s most popular real estate web site
•Scheduling appointments for showings
•Entering new listings into MLS
•Providing agents and sellers with copies of all paperwork
•Coordinating transactions and paperwork for house closings
•Ordering “Just Listed” postcards
•Sending out mailings
•Maintaining your mailing list
•Providing one-on-one support
•Providing training
•Brainstorming innovative sales strategies
•Providing carefully screened contractors to facilitate home sales
•And much more
All of these support services are available to Nothnagle agents, free of charge. Use as many—or as few—as you like. It’s totally up to you.
There’s a lot that goes into being successful at real estate. No real estate company does more than Nothnagle to give you the support you need.
Talk to us about switching to Nothnagle. Find an office near you and then call a Branch Manager to learn more. Our agents tell us they wish they had switched sooner!
Monday, August 29, 2011
Price is the Secret to Selling
According to several real estate professionals in the Rochester area, pricing your home right is what it will take to get it sold. The current market is more in favor of buyers than sellers, which is why they are not rushing to buy and are instead looking for the best deal. Now that all of the tax credits have been over for nearly a year, the panic to buy is not as strong, but there are definitely still buyers looking.
When listing your home, take into consideration the competition and don't concentrate on your assessed value. Chances are, your home will sell slightly under what it is assessed for, but the Rochester market is still strong compared to other areas in the country.
Other important factors to pay attention to are that buyers not only want a great deal, they want something that is move in ready with updates. Small cosmetic things like fresh paint, new cabinet hardware and fixtures can make a big difference to buyers, although it is relatively inexpensive and easy to do.
When listing your home, take into consideration the competition and don't concentrate on your assessed value. Chances are, your home will sell slightly under what it is assessed for, but the Rochester market is still strong compared to other areas in the country.
Other important factors to pay attention to are that buyers not only want a great deal, they want something that is move in ready with updates. Small cosmetic things like fresh paint, new cabinet hardware and fixtures can make a big difference to buyers, although it is relatively inexpensive and easy to do.
Saturday, August 27, 2011
Buying is Cheaper than Renting in Most Areas
In most large U.S. cities it is cheaper to buy a two bedroom home than is it to rent one. According to Trulia, buying was cheaper than renting in 74% of the country's 50 largest cities. In just 12% of the cities, which include New York, San Francisco and Seattle, renting is cheaper. In the remaining 14%, rent and the cost of buying were almost on par.
Another factor that makes owning more affordable are mortgage interest rates being at records lows. Of course, your mortgage stipulations depend on your credit history and cash put down at closing, but lower rates help tremendously with monthly payments.
It makes sense to own if you plan on being in an area for more than a minimum of five to seven years. You do not get anything in return for your rent payments, but are putting money back into a home that you purchase.
Factors to take into consideration when deciding to rent or buy are:
How long you plan to stay. If you won't be staying in an area for long or have the potential not to keep a property for under five years, rent is probably a better option. Closing costs, commissions and initial homeowners costs would be cost prohibitive.
Do you have cash for closing? Nowadays buyers must usually have 20% for closing because of stringent loan restrictions. If a house is $150,000, you must have $30,000 cash available at closing.
The appeal of renting to many is that the landlord fixes any problems/issues that come along. If your dishwasher breaks, the landlord takes care of it. When considering a home purchase ask yourself if you have money for anything unforeseen. Other costs that come in addition to the home's sale price are property taxes, heating/cooling, utility bills, etc.
Another factor that makes owning more affordable are mortgage interest rates being at records lows. Of course, your mortgage stipulations depend on your credit history and cash put down at closing, but lower rates help tremendously with monthly payments.
It makes sense to own if you plan on being in an area for more than a minimum of five to seven years. You do not get anything in return for your rent payments, but are putting money back into a home that you purchase.
Factors to take into consideration when deciding to rent or buy are:
How long you plan to stay. If you won't be staying in an area for long or have the potential not to keep a property for under five years, rent is probably a better option. Closing costs, commissions and initial homeowners costs would be cost prohibitive.
Do you have cash for closing? Nowadays buyers must usually have 20% for closing because of stringent loan restrictions. If a house is $150,000, you must have $30,000 cash available at closing.
The appeal of renting to many is that the landlord fixes any problems/issues that come along. If your dishwasher breaks, the landlord takes care of it. When considering a home purchase ask yourself if you have money for anything unforeseen. Other costs that come in addition to the home's sale price are property taxes, heating/cooling, utility bills, etc.
Wednesday, August 24, 2011
Mortgage Rates Hit Record Low!
Last week mortgage rates were as low as 3.25%! That probably explains the surge in mortgage applications, which are up 4.1% since last week. Now is a great time to refinance, proved by applications being up 78.8% from 75.6% a week earlier. Here are today's rates:
30-Year Fixed 4.125%
15-Year Fixed 3.375%
FHA 30 Year 4.000%
SONYMA Low Interest Rate Prog 30 Yr. 4.875%
VA 30-Yr. Fixed 4.000%
Jumbo Fixed Rate 30 Yr 5.250%
Jumbo Fixed Rate 15 Yr 3.625%
If you are thinking about purchasing a home, now is the time to get pre-approved and locked into an amazing rate. Call your mortgage professionals today to get started.
30-Year Fixed 4.125%
15-Year Fixed 3.375%
FHA 30 Year 4.000%
SONYMA Low Interest Rate Prog 30 Yr. 4.875%
VA 30-Yr. Fixed 4.000%
Jumbo Fixed Rate 30 Yr 5.250%
Jumbo Fixed Rate 15 Yr 3.625%
If you are thinking about purchasing a home, now is the time to get pre-approved and locked into an amazing rate. Call your mortgage professionals today to get started.
Monday, August 22, 2011
Fairport Branch Sponsors Music & Food Festival August 27th
The Fairport branch is sponsoring the Fairport Music & Food Festival, Saturday August 27th from noon until dark.
Stop by the Fairport office for tickets Monday - Friday 8:00AM-5:00PM.
The FAIRPORT MUSIC AND FOOD FESTIVAL is SATURDAY, AUGUST 27. Plenty of great live music, good food, children's activities and tons of fun. It's all for great cause!!! BE THERE OR BE SQUARE!
NORTH STAGE - RAILROAD
• 12:00 - Clearly from Negligence
• 1:00 - Goodness
• 2:15 - The Deep Blue Dream
• 3:45 - Uncle Plum (featuring Camp Roc Star)
• 5:15 - Brass Taxi
• 6:45 - The Buzzards
• 8:30 - Northside Johnny
SOUTH STAGE - CANAL
• 12:00 - Violet Mary
• 1:30 - The John Payton Project
• 3:00 - The Campbell Brothers
• 4:45 - Ryan Montbleau Band
• 6:45 - Tommy Brunett
• 8:30 - Big Eyed Phish
EAST STAGE - POWER
• 12:00 - 2 Left Feet
• 1:00 - Attitude Joe
• 2:15 - Demand
• 3:45 - Jumbo Shrimp
• 5:15 - Geoff Harder and the Moonlighters
• 6:45 - Wild Horses
• 8:30 - The Root Beer Beaver
COLONIAL BELL -
• Rodger Chennelly (Colonial Belle 2:30 PM)
• Mojo Mike and friends (Colonial Belle 4:00 PM)
Stop by the Fairport office for tickets Monday - Friday 8:00AM-5:00PM.
The FAIRPORT MUSIC AND FOOD FESTIVAL is SATURDAY, AUGUST 27. Plenty of great live music, good food, children's activities and tons of fun. It's all for great cause!!! BE THERE OR BE SQUARE!
NORTH STAGE - RAILROAD
• 12:00 - Clearly from Negligence
• 1:00 - Goodness
• 2:15 - The Deep Blue Dream
• 3:45 - Uncle Plum (featuring Camp Roc Star)
• 5:15 - Brass Taxi
• 6:45 - The Buzzards
• 8:30 - Northside Johnny
SOUTH STAGE - CANAL
• 12:00 - Violet Mary
• 1:30 - The John Payton Project
• 3:00 - The Campbell Brothers
• 4:45 - Ryan Montbleau Band
• 6:45 - Tommy Brunett
• 8:30 - Big Eyed Phish
EAST STAGE - POWER
• 12:00 - 2 Left Feet
• 1:00 - Attitude Joe
• 2:15 - Demand
• 3:45 - Jumbo Shrimp
• 5:15 - Geoff Harder and the Moonlighters
• 6:45 - Wild Horses
• 8:30 - The Root Beer Beaver
COLONIAL BELL -
• Rodger Chennelly (Colonial Belle 2:30 PM)
• Mojo Mike and friends (Colonial Belle 4:00 PM)
Saturday, August 20, 2011
Join our Team to Walk for Breast Cancer!
On October 2nd at 10:00AM, Nothnagle Realtors will be walking together to "Make Strides Against Breast Cancer". Together we are aiming to raise $5,000 to donate to the American Cancer Society. If you would like to join our team, please click here and follow the steps. There is no minimum amount of money to raise, but any amount you can get as a donation to support our cause is appreciated.
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
The walk begins at Frontier Field. It is a great time and over 10,000 people participate, if you haven't walked before or would like to walk with us, we would love to have you join us!
Thursday, August 18, 2011
2nd Quarter National Housing Survey Results
Earlier this week Fannie Mae released their 2nd quarter National Housing Survey results. You may remember from the 1st quarter that the results were very much in favor of homeownership. The survey results are based on a vast range of Americans and their responses regarding the current housing market.
When asked if right now is a good time to buy, 69% of the respondents answered "yes". This number has increased during the last two quarter's surveys. An almost equal amount of 65% said that they believe homeownership is a safe investment (67% for current homeowners).
While buying a home is absolutely in part a financial decision, there is also a lot more to it. The top four reasons, according to the survey, that people buy homes aren't actually financial ones. Here is what people said:
"It means having a good place to raise children and provide them with a good education"
"You have a physical structure where you and your family feel safe"
"It allows you to have more space for your family"
"It gives you control of what you do with your living space (renovations and updates)"
Despite the current economic times, this quarterly survey has proved since the beginning of 2011 that homeownership is about more than affordability. Owning a home means having a space of your own to do what you want with and having the feeling of safety. Owning a home can also be more inexpensive than renting in some cases. A 1,000 square foot apartment can rent for $950, meanwhile homes of similar size can have a mortgage payment equal or less to that.
When asked if right now is a good time to buy, 69% of the respondents answered "yes". This number has increased during the last two quarter's surveys. An almost equal amount of 65% said that they believe homeownership is a safe investment (67% for current homeowners).
While buying a home is absolutely in part a financial decision, there is also a lot more to it. The top four reasons, according to the survey, that people buy homes aren't actually financial ones. Here is what people said:
"It means having a good place to raise children and provide them with a good education"
"You have a physical structure where you and your family feel safe"
"It allows you to have more space for your family"
"It gives you control of what you do with your living space (renovations and updates)"
Despite the current economic times, this quarterly survey has proved since the beginning of 2011 that homeownership is about more than affordability. Owning a home means having a space of your own to do what you want with and having the feeling of safety. Owning a home can also be more inexpensive than renting in some cases. A 1,000 square foot apartment can rent for $950, meanwhile homes of similar size can have a mortgage payment equal or less to that.
Tuesday, August 16, 2011
Nothnagle's Fairport Branch Sponsors Music & Food Festival
The Fairport branch is sponsoring the Fairport Music & Food Festival, Saturday August 27th from noon until dark.
Stop by the Fairport office for tickets Monday - Friday 8:00AM-5:00PM.
The FAIRPORT MUSIC AND FOOD FESTIVAL is SATURDAY, AUGUST 27. Plenty of great live music, good food, children's activities and tons of fun. It's all for great cause!!! BE THERE OR BE SQUARE!
NORTH STAGE - RAILROAD
• 12:00 - Clearly from Negligence
• 1:00 - Goodness
• 2:15 - The Deep Blue Dream
• 3:45 - Uncle Plum (featuring Camp Roc Star)
• 5:15 - Brass Taxi
• 6:45 - The Buzzards
• 8:30 - Northside Johnny
SOUTH STAGE - CANAL
• 12:00 - Violet Mary
• 1:30 - The John Payton Project
• 3:00 - The Campbell Brothers
• 4:45 - Ryan Montbleau Band
• 6:45 - Tommy Brunett
• 8:30 - Big Eyed Phish
EAST STAGE - POWER
• 12:00 - 2 Left Feet
• 1:00 - Attitude Joe
• 2:15 - Demand
• 3:45 - Jumbo Shrimp
• 5:15 - Geoff Harder and the Moonlighters
• 6:45 - Wild Horses
• 8:30 - The Root Beer Beaver
COLONIAL BELL -
• Rodger Chennelly (Colonial Belle 2:30 PM)
• Mojo Mike and friends (Colonial Belle 4:00 PM)
Stop by the Fairport office for tickets Monday - Friday 8:00AM-5:00PM.
The FAIRPORT MUSIC AND FOOD FESTIVAL is SATURDAY, AUGUST 27. Plenty of great live music, good food, children's activities and tons of fun. It's all for great cause!!! BE THERE OR BE SQUARE!
NORTH STAGE - RAILROAD
• 12:00 - Clearly from Negligence
• 1:00 - Goodness
• 2:15 - The Deep Blue Dream
• 3:45 - Uncle Plum (featuring Camp Roc Star)
• 5:15 - Brass Taxi
• 6:45 - The Buzzards
• 8:30 - Northside Johnny
SOUTH STAGE - CANAL
• 12:00 - Violet Mary
• 1:30 - The John Payton Project
• 3:00 - The Campbell Brothers
• 4:45 - Ryan Montbleau Band
• 6:45 - Tommy Brunett
• 8:30 - Big Eyed Phish
EAST STAGE - POWER
• 12:00 - 2 Left Feet
• 1:00 - Attitude Joe
• 2:15 - Demand
• 3:45 - Jumbo Shrimp
• 5:15 - Geoff Harder and the Moonlighters
• 6:45 - Wild Horses
• 8:30 - The Root Beer Beaver
COLONIAL BELL -
• Rodger Chennelly (Colonial Belle 2:30 PM)
• Mojo Mike and friends (Colonial Belle 4:00 PM)
Sunday, August 14, 2011
Don't Forget the Inspection!
For the seller, a visit from the home inpsector can be a nerve-wrecking time, especially in a market like this. It is not uncommon for the potential buyer to demand that a long list of problems be addressed before the sale is finalized.
No matter how well you prepare, realize the inspector is always going to find something wrong. Often, the problems are minor and inexpensive enough for the seller to either fix or allow a credit for in the home price. It is the discovery of major deficiencies, or an unwillingness to negotiate, that can kill a deal completely.
Still, it is in the sellers best interest to prepare the home as much as possible before the inspection. The best way to prepare is to do your own inspection before you list the home on the market. A pre-listing inspection will tell you exactly what needs to be fixed before you begin your search for a buyer.
Sellers should also inspect their home with a critical eye. Look at walls from floor to ceiling, under sinks, on the floor near the base of appliances --everywhere-- to check for signs of water damage, for example. Also check faucets, door handles and other details of the home as you are walking through it.
An inspector will be looking for problems with the home's heating and cooling systems, electrical problems, signs of water damage, mold or leaks, termites, and strucural or plumbing problems. They will also take a look at do-it-yourself projects, making sure ceiling fans are installed correctly and backyard decks are safe, for example.
As much as you can, get your house ready by fixing the problems or have a plan for how you will address them when the buyer inquires about the issues. Pay attention to the little things, too. Make sure everything is clean and the gutters are clear, take care of flaking paint and make sure windows open and close. Replace cracked caulking and fix leaky faucets and broken windows. You might also want to have the furnace and air-conditioning systems service by a professional to make sure they're in good shape.
Even after you prep your home for the inspection, expect some problems to surface and for the prospective buyer to present you with a to-do list. Some buyer requests will be reasonable; in other cases, especially when its cosmetic in nature, a seller would be justified in declining a request. But even when negotiations get tough, remember the buyer still wants to buy your home. They kept your home in mind over all the others.
Whether you are looking for a home inspector, someone to clean the gutters, paint a room, or fix a leak, Nothnagle Home Services will be an invaluable resource. Learn more about it here.
No matter how well you prepare, realize the inspector is always going to find something wrong. Often, the problems are minor and inexpensive enough for the seller to either fix or allow a credit for in the home price. It is the discovery of major deficiencies, or an unwillingness to negotiate, that can kill a deal completely.
Still, it is in the sellers best interest to prepare the home as much as possible before the inspection. The best way to prepare is to do your own inspection before you list the home on the market. A pre-listing inspection will tell you exactly what needs to be fixed before you begin your search for a buyer.
Sellers should also inspect their home with a critical eye. Look at walls from floor to ceiling, under sinks, on the floor near the base of appliances --everywhere-- to check for signs of water damage, for example. Also check faucets, door handles and other details of the home as you are walking through it.
An inspector will be looking for problems with the home's heating and cooling systems, electrical problems, signs of water damage, mold or leaks, termites, and strucural or plumbing problems. They will also take a look at do-it-yourself projects, making sure ceiling fans are installed correctly and backyard decks are safe, for example.
As much as you can, get your house ready by fixing the problems or have a plan for how you will address them when the buyer inquires about the issues. Pay attention to the little things, too. Make sure everything is clean and the gutters are clear, take care of flaking paint and make sure windows open and close. Replace cracked caulking and fix leaky faucets and broken windows. You might also want to have the furnace and air-conditioning systems service by a professional to make sure they're in good shape.
Even after you prep your home for the inspection, expect some problems to surface and for the prospective buyer to present you with a to-do list. Some buyer requests will be reasonable; in other cases, especially when its cosmetic in nature, a seller would be justified in declining a request. But even when negotiations get tough, remember the buyer still wants to buy your home. They kept your home in mind over all the others.
Whether you are looking for a home inspector, someone to clean the gutters, paint a room, or fix a leak, Nothnagle Home Services will be an invaluable resource. Learn more about it here.
Friday, August 12, 2011
6 Reasons to Use a Real Estate Agent
Once you have made the decision to sell your home, the first step you should take is to find an agent. While some sellers may be tempted by the thought to sell the home on their own, study after study shows that sellers will net more for their house using an agent versus selling it on their own.
Here are 6 reasons to take into consideration when buying or selling a home:
1. Pricing is Difficult
A few years ago, you didn’t have to worry about overpricing your home. The situation is quite different today. In this market, time costs you money. A professional real estate agent will discuss how increasing inventory could dramatically impact the value of your property in the months to come. They will help you set the right price in today’s market.
2. Having a Professional to Negotiate
Buyers today have an almost unlimited supply of homes from which to choose. They realize that puts them in a great negotiating position. Most buyers are now being represented by an agent. Sellers need to also be represented by a professional expert trained to negotiate real estate contracts.
3. Financing is Key for Buyers
The biggest impact of the housing market collapse is that lending standards are much stricter today than they were a few short years ago. Rules are constantly changing. Even FHA has gone through a guidelines overhaul in the last several months. You need a real estate expert who has teamed up with a knowledgeable mortgage professional to make sure that the buyer in the deal is in fact capable of obtaining a mortgage. Losing time with an unqualified buyer costs you money in a market where prices are falling.
4. Your Safety
Real estate agents are trained to take steps to protect themselves and their clients. Take advantage of putting a person between you and the person calling on an ad or yard sign. Your agent will also be able to check-in on your vacant home if you have not sold it before moving to a new location.
5. Less Time and Stress
Selling a home could turn into a full time job. Learning the necessary disclosures, coordinating the dates of your closings, dealing with a challenge regarding your appraisal and re-negotiating the offer after an engineer’s report are just a few of the concerns you may face. Your time is more valuable and better spent on the items important to you and your family, while leaving the challenges to your agent.
6. Spreading the Word
Once you list your property with a member of the local MLS, every other member of the system is alerted that your house is now available for purchase. In a matter of hours, thousands of real estate professionals have the ability to easily share the specifics of your home with each of their buyers. There is nothing an individual seller can do to come close to this immediate exposure to thousands of potential buyers. Additionally, your realtor will keep up to date on the most recent ways to advertise your home. Not only do they rely on traditional means of advertising, such as newspaper and television, they will also advertise your home on YouTube, Facebook, and Trulia to name a few. It would be impossible for a seller to get the width of exposure the real estate agent has at his/her fingertips.
In the long run, having a real estate agent represent you on either side of a transaction will give you the best advice, get you the most money or the best price, they will also save you time and unnecessary stress!
And remember, not all real estate agents are equal. A Nothnagle agent can give you additional benefits, tools and resources not available anywhere else.
Here are 6 reasons to take into consideration when buying or selling a home:
1. Pricing is Difficult
A few years ago, you didn’t have to worry about overpricing your home. The situation is quite different today. In this market, time costs you money. A professional real estate agent will discuss how increasing inventory could dramatically impact the value of your property in the months to come. They will help you set the right price in today’s market.
2. Having a Professional to Negotiate
Buyers today have an almost unlimited supply of homes from which to choose. They realize that puts them in a great negotiating position. Most buyers are now being represented by an agent. Sellers need to also be represented by a professional expert trained to negotiate real estate contracts.
3. Financing is Key for Buyers
The biggest impact of the housing market collapse is that lending standards are much stricter today than they were a few short years ago. Rules are constantly changing. Even FHA has gone through a guidelines overhaul in the last several months. You need a real estate expert who has teamed up with a knowledgeable mortgage professional to make sure that the buyer in the deal is in fact capable of obtaining a mortgage. Losing time with an unqualified buyer costs you money in a market where prices are falling.
4. Your Safety
Real estate agents are trained to take steps to protect themselves and their clients. Take advantage of putting a person between you and the person calling on an ad or yard sign. Your agent will also be able to check-in on your vacant home if you have not sold it before moving to a new location.
5. Less Time and Stress
Selling a home could turn into a full time job. Learning the necessary disclosures, coordinating the dates of your closings, dealing with a challenge regarding your appraisal and re-negotiating the offer after an engineer’s report are just a few of the concerns you may face. Your time is more valuable and better spent on the items important to you and your family, while leaving the challenges to your agent.
6. Spreading the Word
Once you list your property with a member of the local MLS, every other member of the system is alerted that your house is now available for purchase. In a matter of hours, thousands of real estate professionals have the ability to easily share the specifics of your home with each of their buyers. There is nothing an individual seller can do to come close to this immediate exposure to thousands of potential buyers. Additionally, your realtor will keep up to date on the most recent ways to advertise your home. Not only do they rely on traditional means of advertising, such as newspaper and television, they will also advertise your home on YouTube, Facebook, and Trulia to name a few. It would be impossible for a seller to get the width of exposure the real estate agent has at his/her fingertips.
In the long run, having a real estate agent represent you on either side of a transaction will give you the best advice, get you the most money or the best price, they will also save you time and unnecessary stress!
And remember, not all real estate agents are equal. A Nothnagle agent can give you additional benefits, tools and resources not available anywhere else.
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