Posted by Jennifer Santosuosso on 4/22/2018

Have you heard the term ďearnest moneyĒ but really arenít sure what it means? Once you have found the perfect home and are all set to make an offer, thereís one more step that you need to take. Thatís to make a deposit on the home you want to buy. This is known as an ďearnest money deposit.Ē  


The Purpose Of The Deposit


The deposit shows the seller that youíre serious about buying the home. Itís a measure that allows the seller to have some faith in you as a buyer that youíre truly moving forward with your decision; youíre ready as a buyer to make the financial commitment. This deposit allows the deal to begin on a solid basis without much question. 


Is The Deposit Required Legally To Buy A Home?


From a sellerís perspective, a deposit keeps a buyer from changing their mind. If there is a significant amount of money involved, the seller sees the deposit as a way to keep the buyer locked in. This makes it easier for sellers to accept an offer. 


How Much Is Expected For An Earnest Money Deposit?


These deposits donít quite have a standard amount. The general rule is that they range from 1% of the home price up to 5%. The more expensive of a home thatís being purchased, the larger the earnest money deposit should be. In some cases, the seller may even ask for a certain amount of a deposit to ensure that buyers are serious. How much money you pay at once is often negotiable. You may be able to pay part of the money at one time and the other part at a later date.


New Construction Can Require Large Deposits


New construction homes can require large earnest money deposits- up to half of the purchase price of the home. This is because the construction costs need to be paid upfront and the bank wants proof that the units being constructed with loan money are being sold to buyers who can pay for the home. 


New construction homes are often customized as well. It would be detrimental to a developer to make special changes to a home only for a buyer to walk away. 


Getting The Deposit Refunded


As with everything in real estate, youíll have a contract. If you donít follow the terms of the contract, you risk losing your earnest money deposit. Two main reasons for buyers to walk away are a flopped home inspection or financing that falls through. Read your contracts carefully. Sellers sometimes state that deposits are nonrefundable after a certain number of days. 


You need to be sure that you are covered as a buyer in the purchase and sales agreement. If you back out of a home purchase without good reason like a contingency included in the agreement) you could be out of luck when it comes to getting your deposit back.    






Tags: Buying a home   finances  
Categories: Uncategorized  


Posted by Jennifer Santosuosso on 4/15/2018

Arranging furniture in your home can be a real puzzle. Thereís so many different mistakes that can be made in how you set up the seating, tables, and bedding in your home that you probably donít even realize it. Below, youíll find some of the most common furniture arranging mistakes and how to fix them. 


All of Your Furniture Is Against A Wall 


It may seem like a way to make your room feel bigger to push everything against a wall, but this thought process is flawed. You want your rooms to feel cozy, not spaced out. Youíll be surprised what floating furniture can do for a room. 


You Put Too Much Furniture In A Room


Whether you have a small space or a giant room, plan what kind of furniture you put in the room very carefully. Overcrowding a space makes it feel stuffy and claustrophobic. While you hope to have enough seating in a room for everyone, you donít need to overdo it. Put the furniture in a room that makes sense for you to have. There's also no harm in having big, open spaces in a room. As long as the purpose is served, sometimes an airy space can be quite a stress reliever.


Putting more furniture in a space wonít help a room to magically grow either. Be realistic about how many square feet you have in a room. From there, you can decide what goes where. If you still feel that you have too many pieces of furniture around, itís time to sell or donate some of the chairs and tables that donít get as much use. 


You Tend To Block Windows With Furniture


Using your sofa or a bed to place in front of a window may seem like a good idea. Whether your purpose is to block some light, or if itís your only option for placement, you may need to do some refiguring. One problem is that the light coming in the window will cause some serious fading to any material thatís in the path. If itís a bed thatís placed across a window, you also face a lack of privacy. 


You can fix any of these issues quite simply with some drapery. Drapery helps to filter the light, reducing the heat in the room. Using curtains will also help you to reduce the incidence of fading on your fabrics. Curtains also help to keep your privacy. While it can be difficult to arrange a small room where a window is your only option for furniture placement, the simple addition of curtains really makes a difference.




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Posted by Jennifer Santosuosso on 4/8/2018

In a sellerís market, you shouldnít have a home thatís simply sitting there. If a home isnít selling and the market is hot, something must be wrong. There are many different reasons that your home isnít selling. Below, youíll discover some of those issues and what you can due to remedy the problems.


You Need To Adjust Your Expectations


Many people put their homes on the market expecting high results. While itís good to have confidence, it can be detrimental to your home sale. Great expectations can lead to an overpriced home, a lack in marketing efforts, or lowering the price of the home too late. All of these situations can be detrimental to your home sale. Research and hiring a realtor to help you with the sale can keep you organized and assist ou in staying on top of the market. 


 You Donít Understand Home Values


If youíre selling your home on your own, you may not have priced the property correctly especially if you have no professional experience. This is where a realtor comes in. A real estate agent can do the professional market research that finds the sweet spot for a price on a home for sale. Knowing that price is one of the best ways to sell your home fast. Without a well-valued home, it could sit idle in a good market. 


Your Home Is Neglected


If you have been neglecting various projects around your home, you could find that itís more difficult to sell your home. Buyers want the best house for the lowest possible price. Homes that have been properly maintained with the right HVAC maintenance, yard upkeep, and regular appliance services are more likely to be scooped up fast by buyers. 


Before your home even goes on the market, you should do any tasks around the house that you have been neglecting. The investment of both time and money will be worth it for you in the long term when you go to sell your home. 


The Photos Arenít Professional


The marketing efforts used to sell a home are very important. On the top of this list is the photos that represent the house. Most home buyers begin their search online. This means the first impression that they get of your home is from pictures. If these are not well done, it could be very detrimental to your home sale. 


For good photos, be sure that you get rid of all the clutter from your space before the pictures are taken. Itís really best to hire a professional to deal with his aspect of home marketing. If you must take the photos on your own, using a better camera than that a cell phone provides can really be a step up in the picture taking process.


              




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 4/1/2018

If youíre in the process of selling your home, your agent will most likely be making calls to you relating that she will be showing your home to potential buyers. While youíre probably excited to sell your home, thereís no doubt that home showings can happen at the worst possible times! Hereís some tips to help you prepare for any home showing in a hurry: 


Mop Up


Sweep up your kitchen and bathrooms Spot clean in any necessary areas to remove stains.   


Get Out Your Duster


Quickly wipe down any of your furniture, televisions, screens and other objects that really show dust in your home. You donít need to go crazy, just make sure that everything is clean.  


Clear Counters


Donít leave tons of stuff hanging around on your counters. Your counters should be wiped down and clear of clutter for your home showing. 


Make Your Bed


Heed your motherís advice and make your bed. Thereís nothing more unattractive at a home showing than beds that havenít been made or items strewn across the bedroom. If you have some time, take a look at your bedding and see if it looks presentable, as in free from rips and stains. If not, consider replacing the existing bedding for an even better impression. 


Vacuum 


Give your carpets a once over with the vacuum cleaner. This will pick up any surface dirt and make the carpets look, smell and feel fresher.


Empty The Trash


Empty all of your trash cans. Spray them down with a disinfectant spray so that thereís no lingering odors.   


Brighten It Up


When your home is being shown, the lights should be on. A bright home is an attractive home! 

Clean Your Dishes


Put all of your dirty dishes in the dishwasher. There shouldnít be any dirty dishes left out and around during a home showing. Also, you donít want any of your appliances running while potential buyers are visiting.  


Put Clothes Away


Your clothes should be loaded into the washer and dryer as well. No dirty (or clean) clothes should be lingering around the house. Potential buyers donít need to see the latest styles that youíre wearing!


Put Your Stuff Away 


Every room should be given a once over. Everything should be off of the floors, counters and furniture. This will make your home look very presentable and attractive to buyers. 


Although a home showing may seem overwhelming, buyers like to picture what your home will look like once theyíre the new occupants. The short amount of time that you spend on making your home look tidy can make a big difference in finding the right buyer for your property.




Categories: Uncategorized  


Posted by Jennifer Santosuosso on 3/25/2018

Let's face it Ė if you plan to relocate, you may need to reserve a moving truck. However, many moving truck providers are available, and finding the right one may prove to be a long, arduous process.

Lucky for you, we're here to help you streamline the process of evaluating moving truck companies so that you can make the best possible decision.

Now, let's take a look at three questions to consider before you book a moving truck.

1. How much stuff do I need to move?

If you own a wide range of antiques, books, DVDs and other items, you may need a medium or large moving truck to transport all of your belongings from Point A to Point B. Comparatively, if you rent a studio apartment, you may only need a small moving truck to help you bring your items to your new house.

Take a look at all of your belongings and put together an inventory. Then, you'll be better equipped than ever before to select a moving truck company that provides a vehicle that matches your moving needs.

2. How far do I need to go?

Distance is an important factor to consider as you evaluate moving truck providers, as most of these companies will require you to pay for the fuel costs associated with a moving vehicle.

For example, if you need to move out of state, you may need to account for the cost of renting a moving truck, along with several hundred dollars in fuel charges. Or, if you are moving just down the road from your current address, the fuel costs associated with a moving truck probably will be minimal.

When it comes to determining which moving truck company to use, it pays to look at how these businesses account for fuel expenses. By doing so, you can budget accordingly.

3. How long will it take to complete my move?

In many instances, a moving truck provider will bill you based on how long you keep a vehicle. This means someone who needs a moving truck for just a few hours may pay significantly less than someone who requires a moving vehicle for several days.

Plan ahead for moving day as much as possible. That way, you can find ways to streamline the moving cycle and cut down on the amount of time that you will need a moving truck.

Lastly, if you need help finding the right moving truck company, you may want to consult with a real estate agent. This housing market professional is happy to provide recommendations about various moving truck companies in your area. Perhaps best of all, a real estate agent can take the guesswork out of buying or selling a house and ensure you can enjoy a seamless move.

Make an informed decision about a moving truck provider Ė use the aforementioned tips, and you can select a moving truck company that will meet or exceed your expectations.