Home Selling September 12, 2013

Thinking of Selling Your House? 5 Reasons to Do it Now

Many now realize that it is a great time to buy a home. Today, we want to look at why it might also be an opportune time to sell your house. Here are the Top 5 Reasons we believe now may be a perfect time to put your house on the market.

1.) Demand Is High

The most recent Existing Home Sales Report by the National Association of Realtors (NAR) showed a 17.2 percent increase in sales over July 2012; sales have remained above year-ago levels for 25 months. There are buyers out there right now and they are serious about purchasing.

2.) Supply Is Beginning to Increase

Total housing inventory last month rose 5.6% to 2.28 million homes for sale. This represents a 5.1-month supply at the current sales pace, compared with 4.3 months in January. Many expect inventory to continue to rise as 3.2 million homeowners escaped the shackles of negative equity in the last 12 months and an additional 1.9 million are expected to enter positive equity in the next 12 months. Selling now while demand is high and before supply increases may garner you your best price.

3.) New Construction Is Coming Back

Over the last several years, most homeowners selling their home did not have to compete with a new construction project around the block. As the market is recovering, more and more builders are jumping back in. These ‘shiny’ new homes will again become competition as they are an attractive alternative for many purchasers.

4.) Interest Rates Are Rising

According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year mortgage have shot up to 4.57% which represents a jump of more than a full point since the beginning of the year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will continue to climb.

Whether you are moving up or moving down, your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

5.) It’s Time to Move On with Your Life

Look at the reason you are thinking about selling and decide whether it is worth waiting. Is the possibility of a few extra dollars more important than being with family; more important than your health; more important than having the freedom to go on with your life the way you think you should?

You already know the answers to the questions we just asked. You have the power to take back control of your situation by putting the house on the market today. The time may have come for you and your family to move on and start living the life you desire. That is what is truly important.

If you are considering selling, give us a call or text, we will be happy to provide you with a no-obligation market analysis and suggest those things you need and don't need to do to prepare your home for market.

Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
call/text 206-769-9577
BrennerHill.com

Real Estate Forms September 11, 2013

10 most important real-estate forms you can’t ignore

By Bill Briggs of SwitchYard Media

If you're buying or selling a home, make way for the ensuing avalanche of documents, online or on paper. But which are absolute musts to read all the way through?

Here are 10 of the most important documents that will come your way as you venture through your transaction journey. Experts say that every homeowner must be familiar with these financial records, legal certificates and lists. They all vary widely in length, depending on your location and the scope and size of the residential deal. Some often are just a page or 10. Some can compose mini-booklets.

But read them — and read on HERE.

If you have any questions about real estate forms, give us a call or text, we are happy to answer any of your questions, call/text 206-769-9577.

Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
call/text 206-769-9577
BrennerHill.com

 

Household Cleaning Tips September 10, 2013

14 Household Cleaning Tips That Will Blow Your Mind

14 Household Cleaning Tips That Will Blow Your MindWith Fall approaching and the holidays on the way, you may be doing some cleaning to prepare for guests in your home. You may also be looking for some tricks to clean up those stains that just don’t seem to come out, or inexpensive ways to shine stubborn surfaces like stainless steel. I’ve pulled together a collection of those amazing home cleaning tips that, once you try, you won’t be able to do without. Click through the jump to get them!

See all tips HERE.

Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
call/text 206-769-9577
BrennerHill.com

Home Ownership September 9, 2013

Why Do American Families Buy a Home?

bigstockphoto_moving_family_2862923There is a plethora of opinions voiced by real estate gurus as to why the dream of home ownership is so important to most Americans. However, study after study reveals the same five reasons families decide to buy a home. They…

  1. Want a good place to raise children
  2. Want a place where their family feels safe
  3. Want more living space
  4. Want control of that living space
  5. Realize that owning makes better financial sense than does renting


(For those who question the validity of  number five after the recent housing crisis, Harvard University just finished a study on the issue)

If you are considering purchasing a home, look at the five reasons mentioned above. If any of them apply to you and your family, perhaps it is time for you to take the plunge. With both prices and interest rates rising, waiting will only increase your monthly cost as we move forward.

If you are considering a home purchase before home prices and interest rates rise, give us a call or text, we are ready to get to work for you.

Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
call/text 206-769-9577
BrennerHill.com

Kitchen Cabinets September 8, 2013

5 Tips for Buying High-Quality Kitchen Cabinetry

Sleek stainless appliances and shiny granite counters may get all the attention, but the real star in any kitchen is the cabinetry.

Cabinetry affects the way your kitchen looks, feels and functions.

“There’s a huge range in cabinetry today,” said John Morgan, 2013 president of the National Kitchen and Bath Association and owner of Morgan Pinnacle, a Maryland-based manufacturers’ representatives’ agency. “When I started in this business in the early 1990s, you could get oak or maple cabinets in a couple of colors, and your door choices were basically square raised or cathedral.

“Today, buying cabinets is a much bigger decision because there are at least 10 different wood species, 500 different door styles and hundreds of color combinations. The sky really is the limit.”

With all those choices at your disposal, it’s important to do your homework before buying what’s often one of the costliest components in a new or remodeled kitchen design. Cabinets, advises Morgan, should be both timeless in their appeal and durable enough to last for decades.

“There are absolutely, positively quality cabinets available at every price point,” Morgan said. “It’s like buying a car: It may be possible to find a mid-level Honda that’s got a higher quality rating than a BMW or Mercedes. They’re all quality cars that will get you where you need to go, but their styling and prices are going to vary.

“With cabinets, you may find a high-end manufacturer who’s using a three-quarters-inch plywood end panel and a mid-level one that uses a half-inch plywood panel. They’re both going to last 30 years, so you, as a consumer, need to decide if those little extras are worth the higher price tag.”

When setting out to select new cabinetry, Morgan offers these five tips:

Go with the pros

Morgan says the key to any successful kitchen design or remodel is to put together an experienced team you trust. “If you find a reputable designer, contractor and cabinet installer, they’ll steer you to quality products, no matter what price point you’re at,” he said. “Conversely, a poor or average installer can take the best possible product and ruin it for you.”

Finish first

When purchasing stained cabinets, be sure to examine the finish closely; a cloudy finish is a tell-tale sign of poor quality. With painted cabinets, ask about the brand of paint and the process. How many coats of paint are the cabinets getting? How are seams being treated? What kind of top seal are the cabinets receiving? A catalytic conversion finish, for example, is a baked-on factory finish that generally outlasts anything that could be applied on site; it’s useful in preventing stains from products such as ketchup and orange juice.

Insides matter

Morgan suggests rubbing your hand up and down along the inside edge of the cabinet frame. You’ll want to do this carefully because poorly made cabinets will have sharp edges, and you could end up with a handful of splinters. The inside of the cabinet doesn’t have to feel as smooth as the front, but it shouldn’t be rough or raw looking. While you’re looking inside the cabinets, check the shelves. You want three-quarter-inch plywood or MDF shelves; lesser-quality five-eighths or half-inch particleboard shelves may sag under the weight of heavy dishes and cans.

Move it

If any part of your cabinetry is going to fail, it will likely be hardware related. When shopping, be sure to check drawer guides, hinges and any other moving parts. Look for brand-name hardware and ask about lifetime guarantees. If something does fail, you’ll want to be able to get a replacement.

Check joints

Morgan prefers drawers that are made with dovetail construction on all four corners, but he notes other construction techniques (mortise and tenon, or glued dowel joints, for instance) are also used in quality cabinets. He suggests pulling a drawer out of the showroom cabinet and turning it upside down. If the bottom is simply pinned or stapled, it’s likely the drawer will fail. Well-built drawers have solid-wood sides and a plywood bottom that fits grooves on four sides.

Questions?

Have more questions about remodeling and womdering what adds the most value to your home? Give us a call, we'd love to answer your questions.

Steve Hill and Sandra Brenner
Windermere Real Estate
Best In Client Satisfaction
BrennerHill.com
call/text 206-769-9577
 

Apps September 7, 2013

Handshakes puts you in power of your information

This is great for individuals looking to benefit from their personal data, but what about business? Flexibility, opportunity, and user data that is accurate and willingly given. Handshake gives you the ability to negotiate in real time with users who know their personal data is valuable. Even business user profiles contain data on personality, expertise, skills, opinion, intent, and context, giving you a broader view of the person you are negotiating with. Also, user profiles are easily accessible so you can closely match your target audience, as well as your budget. You can negotiate to get the greatest amount of results for the least amount of money, keeping your budget on track.

Handshake puts users in touch with brands and rewards them for who they are and what they are into (encouraging honesty). So your business can talk one-on-one with the right kind of people. This is a great way to get people’s opinions on new products, customer service experiences, or current ad campaigns, just by launching the Handshake app, or logging into the website, where you can post offers for users, which then become negotiable.

Check out Handshake here: http://l.aunch.us/Z8Wq

Home Inspections September 7, 2013

How to Get the Most Value From Your Home Inspection

Do you have an inspection scheduled this weekend? Check out these suggetions to get the most value from your home inspection.

Once an offer on a property is accepted, most buyers hire a professional home inspector to assess the condition of the home. The inspector will write a detailed report for the buyer to use in deciding how to proceed with the purchase. Should the buyer cancel the contract and terminate the purchase; ask for the seller to complete repairs; or request a price reduction or purchase credit from the seller to cover repairs?

Unfortunately, many buyers fail to realize the importance of the home inspection. Keeping the factors below in mind can help ensure that you get the most value from the process.

Attend the inspection

Many buyers let their real estate agent handle the process and don’t even attend the inspection. This is a huge mistake. Most real estate sales professionals are going to do a great job for you, but if you rely on them to handle this process alone, then you aren’t going to hear the inspector point out any issues that might cause you to think again about whether it is the right property for you.

Check the inspector’s credentials

In many states an inspector doesn’t need any formal inspection education and may not have to be licensed or bonded. In order to make sure your inspector is a competent professional, you should do a little research on your state’s requirements, certifications and professional designations. Then question, and verify, the experience and knowledge of your inspector. If you don’t, you might get a really bad inspection report that fails to find important issues.

Inspect the home for yourself

Most of the time a home inspection is only the second or third time a buyer has walked through the property — and probably the first time with a few hours to really look around. This is the most expensive purchase you will ever make. Doesn’t it make sense to do many detailed reviews of the property before you make the final decision to proceed forward with your purchase? Bring a friend or family member along for an additional set of eyes. If you discover something that makes you second guess whether it is the right property for you, you’ll be glad you found it before you closed escrow.

Make a list of costs

At the home inspection, separately from the inspector, you should add up all the costs of items you want to repair, replace, paint, improve, landscape, etc. Adding up all those costs, plus getting bids and estimates to make those repairs and upgrades, will give you a better feel for how much you will be spending on the property once you take ownership.

Negotiate repairs

With your inspection report in hand — plus your list of needed improvements and the assistance of your real estate sales professional — you can request that the seller make repairs. The seller may say no, give you a purchase credit or repair some items. But the more detailed your list, the better the chances the seller will at least give a little — and maybe a lot.

More Questions about home inspection? Give us a call or text, we are happy to answer any questions you mau have.

Steve Hill and Sandra Brenner
Best In Client Satisfaction
Windermere Real Estate
BrennerHill.com
call/text 206-769-9577
 

Seattle Area Home for Sale September 6, 2013

Just Listed! Captivating Edmonds Bowl Home

911 Carol Way
Edmonds WA 98020

Just Listed! Captivating Edmonds Home

Elegantly remodeled four bedroom, three bathroom, mid-entry home in the heart of the Edmonds Bowl. From exquisite tile work to a stunning epicurean kitchen featuring granite slab counters and stainless steel appliances, attention to detail is evident. The light filled living room features abundant natural light and a gas burning fireplace. The Master bedroom boasts a private bathroom and large walk in closet.

The Lower level features a large family room with gas burning fireplace and complete separate living quarters. Step outside to the park like setting and enjoy a large patio designed for Summertime entertaining, soothing water feature,  manicured lawns and tastefully designed gardens.

2,464 square feet of interior space make this Edmonds home a rare find. Convenient location just minutes to downtown Edmonds, parks, schools and shopping.

Step inside and see why this home will captivate you.

My Zillow Reviews: http://www.zillow.com/profile/Brenner-Hill-Team/Reviews/

Seattle Area Real Estate Market Trends: http://ballardtobroadview.withwre.com/seattle-real-estate-statistics/

More Details & Price Online at: ExclusivelyEdmonds.com

Proudly Presented By
Steve Hill
Best In Client Satisfation
Windermere Real Estate/FN
206-769-9577
BrennerHill.com

 

 

Fannnie Mae Housing Forecast September 6, 2013

Housing Forcaset

The infographic below shows Fannie Mae's housing forecast as of August 2013. Home sales, prices and mortgage rates are all expected to rise.

When do you think it will be a good time to buy?

If you are considering a first time or move up home purchase, give us a call, we are eager to expalin to you the benefits of homeownership.

Steve Hill and Sandra Brenner
Best In Client Satisfation
Windermere Real Estate
BrennerHill.com
206-769-9577

Fannie Mae 3

Home Inspection September 6, 2013

4 Things All Buyers Should Keep in Mind

No matter how you slice it, buying real estate is a complicated process that takes time and hard work to get right. Whether you’re looking for your dream home or an investment property to help build your retirement nest egg, here are a few things to keep in mind.

Mortgage interest rates are still low

Mortgage rates have bumped up a little lately, but they are still low by historical standards. Many people have stopped chasing their dream home or investment property because of the recent rate increases, but they’re making a huge mistake. Rates will likely head even higher over the next few years, and you’re going to kick yourself for failing to secure a 30-year fixed interest rate loan before those even higher rates kick in.

It sounds cliche, but real estate is buyer beware

Your real estate agent can guide you to make a smart purchase, but it’s your job to make every decision and do all the analysis that goes along with purchasing property. You’ve got to make sure it is a smart financial move to buy the property. You’ve got to review the title documents, mortgage loan documents and disclosures, homeowners association docs, home inspection reports, seller disclosures, etc. Each document contains important information that you need to understand to avoid problem properties. It’s a real challenge, but you must do the hard work needed to reduce your risk.


You should never buy a property that you don’t love

If you don’t love it, don’t buy it. Real estate is likely the most expensive and complicated purchase you will ever make. So don’t buy a property if it isn’t a great fit for what you want. Don’t buy if your attitude is “we just want to get something even though this isn’t a perfect property for us.” Note: No property is perfect — especially not at the price you’d like to pay — so be realistic when determining which property you “love.”

Shop properties for at least 4 to 12 months

Take your time. Look at dozens of properties. Drive the areas you like during the day, night and on weekend. Talk to neighbors. You’re probably risking your entire net worth when purchasing property, so make sure you are adequately educated on what you are buying — and that takes time!

When you are ready to purchase or sell a home, give us a call, we can guide you through every stage of the home buying and selling process.

Steve Hill and Sandra Brenner
5 Star Rated – Zillow.com
Windermere Real Estate
BrennerHill.com
call/text 206-769-9577