A Bright Home Shows Better When Marketing Your Home

January 6th, 2009 jpowers Posted in Home Decorating, Hourly Real Estate News, Real Estate Tips No Comments »

BRIGHT IS BETTER

 

            Sometimes Realtors walk into a home that is basically attractive, but lacks something that they can’t quite put their fingers on.  Then they notice that all of the drapes are closed, and there is a lot of overgrown shrubbery blocking the sun.

            A dark house is not as appealing to most buyers as one that is flooded with light.  As a part of your preparations to market your home, try to maximize the light in your home.  Make sure that all the windows are clean, and open the drapes when the house is being shown.  A fresh coat of light paint can do a lot to brighten up the interior.  If your house has very dark paneling, and there is not a lot that you can do about it, you may want to consider adding additional lamps.  Your Realtor may be able to provide other simple and cost‑effective ideas about how to maximize your home’s appeal.

            For solid advice on selling or buying real estate, consult Jim Powers at Prudential Bob Yost.

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Federal Reserve Cut Interest Rates to Record Low

December 19th, 2008 jpowers Posted in Mortgage Information, Real Estate Market Conditions, Real Estate Tips, Weekly Real Estate News No Comments »

WASHINGTON - The Federal Reserve has cut its target for a key interest rate to the lowest level on record and pledged to use “all available tools” to combat a severe financial crisis and prolonged recession.

The central bank on Tuesday said it had reduced the federal funds rate, the interest that banks charge each other, to a range of zero to 0.25 percent. That is down from the 1 percent target rate in effect since the last meeting in October. Many analysts had expected the Fed to make a smaller cut to 0.5 percent.

The Fed’s aggressive move was greeted enthusiastically by Wall Street. The Dow Jones industrial average closed up just under 360 points.

The Fed’s action and statement made clear that economic conditions have worsened since its last meeting in October.

Federal Reserve Chairman Ben Bernanke and his colleagues said they will use unconventional methods to try to contain a financial crisis that is the worst since the 1930s and a recession that is already the longest in a quarter-century. For example, the Fed last month said it planned to purchase up to $600 billion in direct debt and mortgage-backed securities issued by big financial players including Fannie Mae and Freddie Mac in an effort to boost the availability of mortgage loans.

That move was one of a series the central bank has taken to increase its loans by hundreds of billions of dollars as a way to deal with the worst financial crisis to hit the country in more than 70 years.

The Fed on Tuesday also made clear that it intends to keep the funds rate at extremely low levels.

“The committee anticipates that weak economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time,” the central bank’s panel that sets interest rates said in a statement.

Even before the announcement of a lower target, the funds rate has been trading well below the old target of 1 percent. For November, the funds rate had averaged 0.39 percent. Analysts said it was likely to fall further with the Fed setting the new target as low as zero.

The Fed’s decision was matched by a reduction in the prime lending rate, the benchmark rate for millions of business and consumer loans. Banking giant Wells Fargo and Co. said it was cutting its prime rate to 3.25 percent, down from 4 percent before the Fed action. Other banks are expected to quickly match Wells Fargo’s move.

The Fed has never pushed its target for the federal funds rate as low as zero to 0.25 percent. The lowest target rate before had been 1 percent, a level seen only once before in the past half-century.

Given how low interest rates are, the central bank said it planned to use a variety of unconventional methods to flood the banking system with credit and drive interest rates lower.

“The Federal Reserve will employ all available tools to promote the resumption of sustainable economic growth and to preserve price stability,” the Fed said.

From the Associated Press

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Home Staging for Real Estate, York, PA

December 16th, 2008 jpowers Posted in Home Decorating, Real Estate Tips No Comments »

Benefits of home staging - The purpose of Staging with accessories and props is to guide prospective buyers’ eyes around a room, highlight architectural features and greet house hunters into each Staged room with a welcoming scene.

 

The goal is NOT to make it appear as though someone lives in the house. The goal of Staging is to inspire prospective buyers to imagine how they would live in the house with their family and belongings.

 

We install curtains, lamps, small furniture (tables, chairs, bedforms - as shown below) art, decorative accessories (dishes, books, vases, artificial greenery), and soft goods (pillows, towels, shower curtains, bedspread, area rug, table cloth.)

 

Sincerely,
 
Beth Fowler-Owner, Home Presentation LLC
 
Click on the new www.bethhomestaging.com
 
Accredited Staging Professional, RAYAC Sentrilock
Cell 717-968-1938
3372 Overview Dr.
York PA 17406

 

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Rely on Realtors in York, PA, to Help You Through the Buying Jitters

December 11th, 2008 jpowers Posted in Hourly Real Estate News, Real Estate Tips, Weekly Real Estate News No Comments »

WHAT’S STOPPING YOU?

 

When you decide to buy a home, you may feel resistance to doing some of the things that are necessary to turn your dream into a reality.  An important part of a professional Realtor’s job is to help you overcome such resistance.

            When you locate the property you want to buy, you will have to handle many details within a very short period of time.  There is a lot of paperwork, such as the financial statement and purchase agreement, in addition to the negotiations with the sellers.  You may also experience a wide range of emotions at each step of the way, everything from mild jitters to profound buyers’ remorse.  Just take a deep breath and trust your Realtor.

        It also helps to remember that everyone who has purchased a home has experienced these same feelings–”it’s too much money ” or ” the local market will collapse completely the day after we settle”.  Fortunately, almost none of these fears ever come true.  A professional Realtor is trained to take you through the home-buying jitters.

            For solid advice on selling or buying real estate, consult Jim Powers at Prudential Bob Yost

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Decorating for the Holidays When Your House is on the Market

November 30th, 2008 jpowers Posted in Home Decorating, Real Estate Tips No Comments »

Rules for Tasteful Holiday Décor

 

Sellers don’t have to forgo all holiday trimmings just because their home is on the market. But they should decorate in a way that won’t turn off buyers.

 Many sellers want to pull out the stops and decorate according to family traditions, but houses that are on the market shouldn’t be overly personalized or cluttered at any time. Buyers usually don’t mind listings to reflect the season’s spirit. Yet certain symbols—nativity scenes, menorahs, and the like—may send the wrong message. 

 “Your goal is to help sellers show off their houses, but not their holiday decorations,” says Julie Dana, a home staging professional and co-author of The Complete Idiot’s Guide to Staging Your Home to Sell (Alpha, 2007). If you succeed, you’ll get them to convince buyers, “I wish this were my home for the holidays,” says Bruce Johnson, president of Lee Kimball, a design/build firm in Winchester, Mass.

 Amid all of the challenges of listing a home during the holidays, there is one big plus: Most buyers who are actively looking at this time of year are serious. The following tips will help sellers achieve the right decorating balance:

 Add tasteful, generic decorations. “Tasteful decorations can be an asset to a sale,” says David Iannuccilli, CRS, GRI, and co-broker/owner of RE/MAX Professionals in East Greenwich, R.I. But since taste is subjective, we asked Iannuccilli and other pros to define what good holiday taste looks like—and doesn’t. Most define it as “elegant,” “simple,” and “quiet.” Iannuccilli specifies a minimalist approach–one wreath, one tree, one dining table centerpiece. Dana recommends a tall narrow tree to emphasize a room’s height and conserve floor space. In the don’t-do list, Dana cites no “cute” wreaths with gingerbread men or oversized inflatable snowmen on front yards. She also suggests steering clear of personalized objects such as monogrammed stockings. “When decorations get too personal, people have a hard time picturing themselves in the home,” she says. Pat Heydlauff, a feng shui expert in Palm Beach County, Fla., recommends no or few religious symbols, whether crèches or menorahs.

 Trade nonseasonal for seasonal decorations. To avoid clutter, remove a nonholiday accessory for each seasonal accessory added, says Dana.  

 Don’t imitate Scrooge. Even if decorating seems a Herculean task, tell sellers not to avoid all decorations. “People expect some, and they add warmth,” says Dana.

 Think green…and metallic, and white. Too much red and green can backfire. Practitioners suggest a neutral palette of fresh greens, elegant silvers and golds, and classic whites. Karen Fornash, a real estate guru in New York, favors vases of white roses, lilies, and freesia, complemented by evergreens. Christi Page, owner of Top Drawer Hardware in Santa Monica, Ca., suggests replacing a few knobs in a bathroom or kitchen with ones that add a touch of seasonal color.

 Remember the joy of entertaining. Because home entertaining connotes happy homeownership, builder David Cohen of Hampden Design & Construction in Newton, Mass., suggests staging a kitchen as if the owners were going to throw a cozy holiday party. “People don’t want things to look stark at the holidays,” he says.   

 Be mindful of valuable gifts. Keep most holiday presents and family heirlooms out of sight to avoid distracting buyers, says Gregg Goldsholl, a practitioner with Weichert Realtors in Larchmont, N.Y. Doing so also is a smart precaution for open houses. “Not all people who tour a home are trustworthy,” Dana says. 

 Keep up decorations for a limited time. While most homeowners love prolonging the holiday spirit, experts suggest curtailing it when the house is on the market. Dave Sears, co-founder of OptHome, a homeownership resource Web site in Winchester, Mass., advises a maximum of two weeks before and two after Christmas.

 Add warmth and energy. Nothing says holidays more than twinkling lights and crackling fires, but make smart choices. Lights, which also help illuminate a home’s exterior in the dark—particularly important in winter when many showings take place—shouldn’t be left on all the time. Advise sellers to select efficient LED bulbs and use them with motion detectors or timers, says Rozanne Weissman, senior director of consumer campaigns with the nonprofit Alliance to Save Energy in Washington, D.C. To get a fire going quickly and make clean-up easier, consider manufactured logs, says Mendy Aul, with Pine Mountain in Daleville, Ind.

 Minimize smells. Holiday aromas—baked goods and live greens—enhance seasonal decor, but overly strong odors from air fresheners and candles may send buyers running, says Deanne Kory, senior vice president with The Corcoran Group in New York. Heydlauff tells sellers to leave out a plate of cookies, which buyers will associate with the spirit of giving.

 Play soothing music. Most people get their fill of jingles and carols, so suggest nonseasonal favorites that appeal year-round, says Sears.

 Use timely marketing materials. Everyone wants to lower expenses, but it’s critical not to cut corners when you’re taking photos for listing materials. The wrong images—a living room with a tree in summer—signal that a house has been on the market too long, says Dana.  

 Remember winter’s threat. If sellers live in a cold climate, remind them to shovel walks rather than have snow and ice become part of the décor.   

 And when sellers seem in doubt, remind them that less is always best. Happy Holidays!

 


 Barbara Ballinger is a freelance writer for REALTOR® magazine.

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York County Real Estate Statistics for September 2008

November 22nd, 2008 jpowers Posted in Hourly Real Estate News, Real Estate Market Conditions, Real Estate Tips 1 Comment »

York County Real Estate Statistics for September 2008 - According to the Realtors Association of York and Adams Counties, the average sales price in York County is $183,302 (as of September 2008), only a drop of 5% from 2007 (average sales price was $192,860). What our statistics have shown, is the number of sales in the month of September have dropped 27% from 2007-2008. However, the sales prices have only dropped 4.7% from 2007-2008. This is above the national average of 9%, according to the National Association of Realtors.

september-2008-montly-comparison

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Septic Inspections for Real Estate Transactions, York, PA

November 19th, 2008 jpowers Posted in Home Repair, Hourly Real Estate News, Real Estate Tips No Comments »

Septic Inspections are not included in a whole house inspection! If your home or the home you are purchasing, has a septic system instead of public sewer, we always advise our clients to have a septic inspection completed by a reputable company. A septic system could consist of a cesspool, sandmound system, standard septic system or a holding tank. Usually, when an inspection is being completed, the inspector will require the tank(s) to be pumped out. After the tank(s) are empty, the inspector will look at the tank and baffles to ensure that everything is connected properly and working properly. The inspector will also probe the drain field, to verify that the field is draining properly. Any problems with either of these items will be noted on a report, and should be fixed/replaced prior to any transfer of the property. A working system must be in writing and supplied to the mortgage company in order for the buyer to obtain financing. Buyers and Sellers should also check with their townships to see how often the tanks should be pumped and if the township or Sewage Enforcement Officer (SEO) needs to complete a separate inspection report in order to transfer the property. Read More

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Writing an Agreement of Sale, York Pa Real Estate

November 17th, 2008 jpowers Posted in Real Estate Tips No Comments »

                                BRING YOUR CHECKBOOK!

 

            When you make an offer on a house, you will sign the paperwork that outlines the terms of your offer.  At the same time, you will make out a deposit or “earnest money” check, which indicates your serious intention to buy the house.  If you back out after the contingencies are removed, the sellers may get to keep your “earnest” money to make up for any losses they have suffered.

            Buyers usually want to put down as little earnest money as possible.  However, there are some significant reasons to consider making your deposit substantial.  First, if your offer is not quite what the sellers wanted, a large earnest money check makes it more difficult for them to just say “no”.  In a situation where there are multiple offers on the same house, a large check sends a signal to the seller that you are a serious buyer and gives you an advantage over the competition. 

            For solid advice on selling or buying real estate, consult Jim Powers at Prudential Bob Yost.

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You Can Still Buy a Home with Little or No Money Down in York, PA

November 8th, 2008 jpowers Posted in Mortgage Information, Real Estate Tips, Weekly Real Estate News No Comments »

First Time Buyer Mortgage Myths

Myth #3  I don’t have enough money for down payment.
We offer several low downpayment loan programs, and in some cases there are also other options available to help you meet downpayment requirements.  For example, a motivated seller may be willing to pay your closing costs or other items which would allow you to use more of your closing funds towards a downpayment.  Also, some programs allow for downpayment funds to come from a gift from a relative, employer or non-profit agency.  Call Kevin Wivagg today and he can review some of the options available.

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Real Estate Update November, 2008, York, PA

November 4th, 2008 jpowers Posted in Real Estate Market Conditions, Real Estate Tips, Weekly Real Estate News No Comments »

November Real Estate Update - Up to date information on the changes in interest rates, getting a mortgage through your credit union, the tax rebate for 2008, improving indoor air quality, and buying a home as a great investment! 

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