Pages Navigation Menu

Far Off Real Estate

3 Ways To Make Your Home Stand Out From Others In Your Listing

Posted by on Feb 28, 2017 in Uncategorized | Comments Off on 3 Ways To Make Your Home Stand Out From Others In Your Listing

When the time comes to put your home up for sale, you may want to take the time to really evaluate your home and what sets it apart from others. Your real estate agent might be able to help you with this, but you can also try to create a list on your own. Here are some ideas of things you could include in your listing that may help your home stand out from all the others available for sale. Include all the recent improvements If you have been working on your home for months or years to get it in great shape, you may want to create a list of everything you have done to it. Any improvements to a home can be a good selling point, and this can include the following types of things: Things that are new – Did you put in a new furnace or hot water heater? If so, make sure you include them on your listing. Repairs – If you made any significant repairs on your home in the last year, put this on your listing. Renovations – Major renovations should also be listed, such as a complete kitchen makeover that you completed a few months ago. Anything that is an improvement to your home will be good news for buyers. Write down unique features of your home Every home is different, and every home has unique features that set it apart from others. For example, you may have a beautiful built-in bookcase around your fireplace. This is a unique feature you will not find in all other homes, and you should make sure people know. You should include any of the unique features that make your home different from others. This can include an outdoor kitchen cooking area you have, or it might be a really huge deck in the back yard. Hire a professional photographer It might also be wise to hire a professional photographer to take pictures of your home. When people look for real estate to buy, they often do this on the Internet. One thing most people want to see is pictures. Professional pictures of the key features in your home are a great marketing tool, and you should consider investing in these photographs for this purpose. Finding ways to make your home stand out against all the others for sale is important if you hope to sell relatively quickly. To learn more, contact a real estate agent...

read more

How To Let Your Agent Know The Kind Of Home You’re Looking For

Posted by on Feb 24, 2017 in Uncategorized | Comments Off on How To Let Your Agent Know The Kind Of Home You’re Looking For

If you know somebody that had a bad experience with a real estate agent, the top complaint that you may have heard was that the agent wasn’t showing them homes that they liked. While this could from the buyer having really picky tastes, it could also be from them not letting their agent know what they were looking for. Communication is key when working with a real estate agent, which is why it helps to give them as much information as possible when house hunting. Here are some tips that will help your agent narrow down your house search. Give A List of Features You Want Your agent can’t read your mind, and if you want them to find homes that you like, they need to know what the exact features are that you desire. These tastes vary from buyer to buyer, and without that information, an agent’s selection will sometimes feel random to you. Break down your desires into the following categories, so that an agent knows what you’re willing to part with if they do find a house that could be right for you. Needs These are the features that are essential to a home that you want and that you are unwilling to compromise on. If your agent doesn’t see these features, then they know not to bother showing you the home. This could include a minimal amount of bedrooms, bathrooms, or square footage. Wants Your wants are features that you find desirable but could sacrifice if the home is amazing and meets other criteria. This category could include the type of flooring, features in the master bedroom, or even if the yard has a fence around it. Consider items as a want if you could easily add it to your home later, such as the materials used for the kitchen counters. Dislikes Let your agent know about anything that will turn you off to a home but is not a deal-breaker. Think of things such as if the home is on a busy street, the exterior material, or even the part of town that it is in. Generally, they are things that you won’t notice day-to-day in the home but you have a strong opinion on. Deal-Breakers Only tell your agent that things are deal-breakers if you cannot live without them. For example, a popular deal-breaker is not having a garage or no central air conditioning. One you’ve compiled your list of features, give them to an agent so they can consider these features in their next property search. Contact a company like Ross Nack Road LLC for more...

read more

Why Owner-Occupied Rates Matter When Buying A House With A Homeowner’s Association

Posted by on Feb 24, 2017 in Uncategorized | Comments Off on Why Owner-Occupied Rates Matter When Buying A House With A Homeowner’s Association

If you are considering buying a house that is part of a homeowner’s association (HOA), there may be several challenges you may face that you wouldn’t have when buying a house that is not part of an HOA. It’s important to realize that homes with HOAs are great options when the HOAs are well-managed, and one important aspect of an HOA you should look into is the rate of owner occupancy. Here are a few things to know about this important factor. What do owner-occupancy rates refer to? Owner-occupancy rates refer to the ratio of how many homes are owned and lived in by homeowners versus tenants. Tenants are people who rent the homes in the community, while the homeowners refer to people that actually own the houses and live in them. Why does this matter? The owner-occupancy rates of a community with an HOA matter for several reasons. When all the units are occupied by homeowners, it is viewed more favorably by lenders and by the people that live there. This is primarily because people who own their homes tend to care for them more so than people who rent. When a community has mostly renters, the community may suffer. The renters may fail to take care of the homes they live in, and this can lead to a loss of beauty and tidiness in a community. What effects can this have? If you are going to buy a house in a community with an HOA, you should make sure the owner-occupancy rate is at least 51%. If it is not, you might run into problems getting a loan. Lenders always ask about this when they offer loans for homes with HOAs, and you will have to find this out before you buy the house. The other thing to consider is that if you do get a loan and buy a home in a community that has a low owner-occupancy rate, you might experience problems when you try to sell the house. A buyer might not be able to get a loan for it, and buyers might be worried to make offers when there are a lot of renters in the community. When an HOA is managed properly, the owner-occupancy rate is usually fine, but it is something to ask about. To learn more about HOAs and the homes in these communities, contact a real estate agent in your city today, such as J & N Realty,...

read more

Tips For Determining Your Home’s Sales Price When Comparing Against Other Properties

Posted by on Feb 23, 2017 in Uncategorized | Comments Off on Tips For Determining Your Home’s Sales Price When Comparing Against Other Properties

When listing your home for sale, one of the biggest decisions you’ll need to make is the price to initially list it at. If it’s too high, you’ll waste time since it is out of your local buyer’s price range. If it’s too low, you’ll end up losing money on the deal in exchange for a quick sale. Buyers are going to compare it to nearby homes when they do their searches online, so you know what your competition is. So how do you ensure that your home is priced correctly when compared to the other homes out there? Consider these 3 things. Do a True Comparative Market Analysis If you are going to compare your home to nearby homes, you have to do a true comparative market analysis. It goes beyond just looking at the homes in the surrounding area, since you have to look the features and construction of the home. This means going through historical sales data to find homes that are as similar to yours as possible. This includes the construction material, square footage, bathrooms, bedrooms, and even the approximate location in your city. Once you find several homes that would be comparable, see how your price compares. This will give you a great idea about what you can expect to get for your home. Consider The Part of Town Other homes may be in the same city, but they are not equal. You’ll want to be familiar with the town and everything it can offer to a potential buyer, or how that part of town could be a detriment and driving a sales price lower. For instance, being on a busy street without street parking could easily make a home cost less than one a few streets back with a more suburban feel. Crime rates, school district, proximity to the police department, and even street lights all make a big difference. Talk With A Realtor One thing you may not be able to figure out are trends in the housing market, and that’s where a realtor can help. They may know that buyers in your area are starting to value some home features more than others, and are willing to pay more for it. They will let you know if you can justify having a higher sales price for having something like solar panels or other environmentally conscious features, or if buyers simply do not care for them in your...

read more

Does Your Retirement Plan Include an Out-of-Country Relocation? What Are Your Financing Options?

Posted by on Feb 23, 2017 in Uncategorized | Comments Off on Does Your Retirement Plan Include an Out-of-Country Relocation? What Are Your Financing Options?

Whether you’ve always dreamed of spending your golden years on a sunny beach in the South Pacific or simply want to take advantage of how much farther your nest egg can stretch in an economy with a more favorable currency exchange, you may be wondering how to go about purchasing a piece of foreign real estate in anticipation of your impending retirement. Read on to learn more about the factors you’ll need to consider when financing and purchasing your next property outside the US borders. How will your foreign real estate purchase be financed? Even if you have the liquidity to pay cash for your foreign home, there can be some financial and logistical factors in favor of financing. On the other hand, depending upon the country you’ve chosen as your retirement destination, you—as an immigrant—may be legally prohibited from even owning property, let alone financing it, until or unless you become a citizen. Before you’ve begun to browse houses, it’s crucial to do some research to see whether your retirement destination will require you to rent rather than own. If you’ve established that purchasing should not be a problem, you’ll then want to investigate your bank financing options. Those accustomed to home shopping in the US may be surprised at the relative dearth of choices—even in English-speaking countries with similar consumer economies (like Canada), home loans can look much different from the traditional 30-year fixed rate mortgage. In many cases, seller or developer financing will be your most attractive option short of paying the entire purchase price in cash.  Seller financing (or “carry-back” financing) involves the sale of a home for a stated price, with payments made to the seller rather than to a mortgage-holding bank. Much like land contracts or rent-to-own arrangements in the US, seller financing in foreign countries vests title to the property in the seller until the loan is fully paid—which can put you at risk if the seller owes money on this property and fails to make the necessary payments to keep the property from falling into foreclosure. However, if you choose to purchase only from sellers who aren’t already carrying a mortgage on the property or who will grant you permission to make all necessary payments (like property taxes or utilities) yourself, your risk is significantly lessened.  Developer financing, like seller financing, requires you to take a loan directly from the developer who built your home, making payments to (and being subject to foreclosure by) the developer rather than a third-party bank. Depending upon the popularity of the area and the ease with which the developer is able to solicit potential buyers, you could find that the financing options offered are quite...

read more

Looking For Luxury: 4 Ways To Make Sure Your Luxury Apartment Retains Its Value

Posted by on Feb 22, 2017 in Uncategorized | Comments Off on Looking For Luxury: 4 Ways To Make Sure Your Luxury Apartment Retains Its Value

If you want to purchase a luxury apartment, one of your major concerns may be how well the apartment will retain its value. When you purchase an apartment rather than a single-family, detached home, the value of your property isn’t entirely under your control. Instead, you need to take a look at the amenities provided and the maintenance of the common spaces in order to determine whether your property will be able to retain value.  1. Take a Look at the Special Assessments From time to time, a condominium will engage in a special assessment. Special assessments relate to the work that is being done around the property that doesn’t fall under general repairs and maintenance. This can include things such as upgrading elevators, redoing landscaping work, or even painting the entirety of the building. A luxury apartment building should have a reasonable amount of special assessments over the years to show that the condo board is being proactive. 2. Get the Owner Occupancy Rating Luxury apartments are frequently inhabited by their owners — but not always, especially in larger cities. The higher the owner occupancy rating, the more likely it is that other owners are personally invested in the upkeep, maintenance, and community of the building. If the building has a very low owner occupancy rating, you’ll be dealing with a lot of renters who won’t necessarily care about the property. 3. Examine Future Plans Condo developments are impacted by nearby developments in a way that single-family detached houses are not. If another comparable luxury condo is planned for the area within the next few years, it could mean that the apartment you’re looking at is going to go down in value. But if a luxury condo is planned that will actually be more expensive, it might bolster prices in your area. Your real estate agent can give you further insights into the future of the community. 4. Look at the Neighborhood Is your luxury apartment building about on par with the other buildings in the neighborhood? If so, that’s a good thing; when you’re purchasing property, you usually want to fall somewhere around the middle of the pack in terms of value. If your luxury building is the most expensive building in the area, it’s going to find it very hard to increase in value. Likewise, if your luxury building is the least expensive building in the area, it may actually increase in value faster. Luxury apartments are often the better option for young professionals and those who are just starting a family. With a luxury apartment, you can get some considerable amenities without having to invest in the maintenance that a home requires. By doing the additional research above, you can also make sure that your luxury property continues to appreciate in value. Check out a company like Miamisburg Luxury Apartments if you’re interested in a luxury...

read more

Purchased Some New Rental Properties For The First Time? 2 Tips To Make Things Easier

Posted by on Feb 17, 2017 in Uncategorized | Comments Off on Purchased Some New Rental Properties For The First Time? 2 Tips To Make Things Easier

If you purchased some new rental properties to bring in extra money each month, it may be stressful if this is the first time you have done this. Fortunately, there are many ways you can get some help so you can keep your renters happy and keep the checks coming. Two of these ways are listed below so you can determine if they will work well for you. Hire a Property Manager If it is in your budget, hiring a property manager can relieve a lot of your stress. The property manager you hire will deal directly with your current tenants, as well as prospects if you have empty rental homes. They can market the homes for you to ensure they stay full, collect rent payments, handle maintenance and repair problems, pursue evictions, and deal with tenants that have complaints. Property managers own their own business and are contractors so you do not have to worry about hiring an actual employee that you must pay benefits to. A property manager is beneficial if you do not live near the rental homes, do not have the time to care for them, or you have more rental homes than you can handle on your own. Talk with a few property managers in your area to find someone that would work well for you. There are also property management firms where you can hire a property manager. When you are interested in someone, check their references. Ask the person how many properties and/or homes have they managed in the past at one time. For example, if you have 20 homes, you do not want to hire someone that has only managed two or three homes at one time. Collect Rent Payments Online If you do not hire a property manager to handle monthly rents for you, you should consider collecting rents online, which will not only be beneficial for you but make things easier for your tenants. Setting up an automatic payment or draft system will make things go much smoother. This is because the system deducts their rent payment on the same day each month so you know you will always get your money. This helps make bookkeeping easier, as everything will already be online for you. There are a variety of software packages that you can purchase to use for your draft or automatic payment system, which can be found online, or you can hire a company to set the system up for you. If you have any renters that refuse to set up automatic payments, at least require them to pay online. Once you start getting experience at renting properties, things will go even better for you. You may even want to purchase new properties to rent so you can make even more...

read more

2 Reasons to Have a Property Manager

Posted by on Dec 22, 2016 in Uncategorized | Comments Off on 2 Reasons to Have a Property Manager

If you are moving out of state but have decided to not sell your house, you may decide to rent it out. The problem with having a rental property when you live out of state is that, if there is a problem, it can be hard to handle it from hundreds or thousands of miles away. One option you have it to hire a property manager.  A property manager is a person who acts as an intermediary between you and your tenants. There are a number of places that you can find a property manager. One is if you decide to list your home to rent through a real estate agent, they may have people who are willing to act as property managers for you. There are also agencies that specialize in property managers. There are a lot of reasons that you want to hire a property manager.  Screening One thing that they can do for you is to screen potential tenants. You want to make sure that your tenants are going to take care of your house. You always want to make sure that they are going to be able to pay their rent on time. Your property manager will have your prospective tenants fill out an application with references on it. The manager will talk to those references, including prior landlords, to see what they think of the tenants. The manager may also run a credit check on the prospective tenants so that you have a better background on them.  Evictions Unfortunately, sometimes you have to evict a tenant. When that happens, it can talk a lot of work. There are potential court dates that you have to attend and many other parts of the process. However, if you have a property manager, they are going to be able to handle everything. That includes giving the tenant a notice to quit, filing the legal paperwork, serving the tenant, and dealing with any law enforcement officials that may be necessary. Depending on your state, that process can take 90 days, or even longer. That could be a lot of dates where you have to go back to another city in another state, costing you even more money, if you didn’t have a property manager right there to handle it. A property manager can make owning a rental property much easier, especially if you are a long-distance landlord. For more information about rental properties, talk to a realtor like Keller Williams...

read more

School Administrators: Cut Down on Asthma Attacks at School By Kicking Out Mice

Posted by on Dec 16, 2016 in Uncategorized | Comments Off on School Administrators: Cut Down on Asthma Attacks at School By Kicking Out Mice

While the home environment plays a key role in kids’ asthma flareups, the school environment also plays a part. Boston Children’s Hospital recently visited schools directly to find out which in-school allergens are the ones responsible for the most asthma attacks in students. The researchers believe that when school administrators know the prime suspects that cause asthma symptoms, they can take steps to reduce the risks in their schools. It’s too early for researchers to claim a definite link between increased asthma flareups in school and the presence of mouse-related allergens, but there is enough evidence to suggest that a connection exists. Here’s what school administrators should know about mice and asthma. Nearly all schools have mouse allergens present Researchers collected dust from 37 inner-city schools. They were surprised to find that despite the wide variety of asthma-related allergens present in schools, almost every sample contained mouse allergens. Another interesting phenomenon the researchers observed is that kids in schools with the highest levels of mouse allergens also had asthma symptoms at school more often. Kids exposed to dust containing the most mouse allergens suffered from symptoms at school four days a week; those kids at the lowest level of mouse-allergen exposure suffered attacks three days per week during the same period. You need a comprehensive school-wide approach to eliminate mice To eliminate mice from the school environment, assemble a team to inspect your school from top to bottom. There are many areas in the school environment where administrators may not focus on mouse control, yet these areas could be your school’s biggest mouse hangouts. Some of these areas include: Student lockers Gyms and changing rooms Classroom desks and cabinets Athletic fields and landscaping School buses  Additional areas where mice enter and live in your facility include conduits and openings for pipes and other infrastructure. A qualified mice-control professional knows how to find evidence of mice in these hard-to reach areas and will help you determine the vulnerable places in your school where cracks and holes must be sealed. Pest-control professionals will also advise you about specific bait and trap methods that are safe and approved for school settings. Moving dumpsters and trash bins away from the school building, restricting students’ and staff’s eating to certain areas, and being vigilant about setting and checking your school-safe mouse baits and traps are some of the easy solutions to get your school’s mouse-control program under way. If the research is correct, these steps will help your students with asthma stay healthier in the classroom. Effective pest control is more than a facility-management responsibility. It’s an investment in education, since students and teachers have more time for studying and learning when all kids are symptom free. Talk to a company such as A-Alert Exterminating Service Inc to learn...

read more

4 Things To Look For When Renting An Apartment For Your Family

Posted by on Dec 9, 2016 in Uncategorized | Comments Off on 4 Things To Look For When Renting An Apartment For Your Family

Renting as a single person is very different than when it comes to renting for your family. There are different features you are going to want to look for when you are moving into an apartment with your family. Some apartment communities are more geared towards single people, such as those attending college, while others are geared towards families. However, it can be difficult to distinguish the two. This is why you should know what four things to look for when it comes to finding the right apartment for your family: Larger Apartment Layouts: When you are looking for apartments, you want to find a community that offers larger apartment rentals. Not many apartment communities will provide more than a two-bedroom apartment for renters. This is why you need to find some that provide three bedroom apartments that are available. These tend to rent quickly, so you need to find an apartment community that has more than a few three-bedrooms in total on the property.  Family-Friendly Community Features: A community that has a swimming pool, playground, and other family-friendly features can be extremely helpful. This will provide entertainment for your kids without having to actually leave your own community. You should also consider a community that provides you with the opportunity to rent out a large common space for parties since your apartment may not be large enough for you to do this.  Safety Features: Safety is even more important when you have a family, which is why you should find an apartment community that provides additional safety features, such as a gated complex. This way, you know that the cars coming in and out are people who actually live there. You also want to ensure that your apartment door doesn’t face the street and that it has sidewalks to walk on instead of only the parking lot. This way you don’t have to worry about your kids running out onto the road so much.  Larger Living Spaces: When you rent an apartment with your family, you will want the common areas to be larger than the bedrooms so that you can all spend time together. Ideally, it’s best to have open space from the kitchen through the dining space and into the living room. This way, keeping an eye on your kids is easy and you can all be together in one space.  When you know these four things to look for, you can be sure that you don’t end up choosing just any apartment community, but instead pick one that probably has many families and is safe and enjoyable, such as at Kirkwood Village...

read more