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Archive for July 2010

Delray Beach Town Home

Wednesday, July 28th, 2010

209,900 – 3 Bed 2.5 Bath – 1,876 Sq. Ft. – Delray Beach

THIS IS THE ONE FOR YOU! UPGRADED WITH GRANITE COUNTERTOPS, HURRICANE SHUTTERS, NEWER CARPET IN BEDROOMS, FRESH PAINT, TEXTURED CEILING DOWNSTAIRS, AND WASHER AND DRYER. GORGEOUS COMMUNITY POOL AND TOT LOT. TOO MUCH TO LIST. THIS IS NOT A SHORT SALE OR FORECLOSURE. MAKE AN OFFER NOW!

Making Your Home Appealing On A Budget

Monday, July 26th, 2010

With the uncertainty of the economy, many people are looking for ways to cut back. When it comes to selling their home, homeowners often don’t want to put much money into getting it ready for the sale. While that’s certainly understandable, properly preparing a home before listing it goes a long way to helping attract serious buyers and offers.

It’s not that you have to upgrade or completely renovate a room in order to make your home more marketable. Polishing up and tiding up a few key areas can have a remarkable impact. With that in mind, you don’t have to spend a fortune to do this. In fact, you can make your home appealing even on a budget. Here’s a few ways.

Whether or not your buyers cook, all seem to be interested in the kitchen. So this is where we begin. Chipped cabinets with peeling paint are unsightly. I’ve seen kitchens where the countertops are nice, maybe granite, but the cabinets are a shocking mess. It’s a simple solution to reface them. It doesn’t have to cost a lot. A new paint job for the kitchen walls and cabinets can give the whole area an updated look and make the kitchen area inviting even to those who rarely use it! You might also consider replacing the cabinet handles. You’d be amazed how much difference that makes. One last thing, don’t leave dirty dishes in the sink.

This next tip refers not to one particular area but instead to highly trafficked areas. Doorways, hallways, the lower part of walls, and baseboard trim, anywhere else where those nasty scuff marks, fingerprints, and dust settle in. Put a little elbow grease into washing and/or repainting those areas and notice what a difference it makes. I remember when I used to list real estate I went into a home and saw tons of pictures taped to a teenager’s door. It was a nightmare. The homeowner eventually peeled off the pictures and repainted the door, so much more attractive. If you’re dealing with a small space, you might try something that may seem counter-intuitive. The Star Tribune reported that moving furniture 1.5 to 2 feet away from the walls can help to make a room look larger. Pressing furniture up against the wall gives it a crammed look.

Mow your lawn and water the plants. It sounds so basic but really this is often overlooked. In the hurry, to pack boxes, shove items in closets, and get the pets out of the house before an open house, homeowners sometimes neglect to take care of the landscape. Thus flowers start to wilt, the grass browns and the overall yard has an everyone-forgot-about-me look.

Grout your way into buyer’s hearts. Yes, the fine lines do matter. Walk into your bathroom after reading this article and look carefully at your tub and tile on the floor. Does it look grubby? Need a good scrubbing? Or does it really need to be re-grouted? That soap scum build-up and mold will really stand out to buyers. And while fixing it doesn’t take much, sometimes homeowners simple opt not to take care of this before listing. Maybe they presume that it’s not that big of a deal and that it’s an easy fix. The first part is incorrect and the latter is absolutely correct, so roll up your sleeves and fill in the lines. It could just lead to the signing on the line on sales contract. Best advice is to see your own home the way you survey a home that you’d like to buy, that’s typically with a very critical eye. Then fix it up. The changes could result in a faster sale at a higher price.

30-Year Fixed Rates

Thursday, July 15th, 2010

30-year fixed mortgage rates are unchanged this week and at 4.25 percent for well-qualified borrowers paying 1 point origination. 15-year fixed mortgage rates, also unchanged, are at 3.75 percent. Both rates were verified by FreeRateUpdate.com.

30-year fixed FHA loan rates are at 4.25 percent as well. Though the same note rate is available for FHA 30-year fixed financing as if for a 30-year fixed conventional mortgage, APR and closing fees are higher on an FHA loan because of MI and other FHA fees. FHA continues to offer a minimum down-payment of just 3.5 percent making FHA loans extremely continually popular among home-buyers.

The jumbo 30-year fixed rate is steady at 5.25 percent, also record low.

Wells Fargo’s advertised conventional 30-year fixed rate is unchanged this week and at 4.625 percent with an APR of 4.812 percent according to their website.

Mortgage-backed securities prices, which drive mortgage rates in the opposite direction, continue to do well amidst uncertainty for investors and consumers alike about the global economy.

Conserving Electricity

Wednesday, July 14th, 2010

Small habits can add up to big savings when it comes to electricity.

As the summer heat soars, so do many homeowners’ electric bills. Here are some savvy tips on how you can start saving both your cash and the environment.

1. Get Unplugged. You may think that simply turning a device or appliance off is enough to stop the flow of electricity, and the subsequent flow of money out of your bank account, but any item plugged in to an electrical outlet is drawing a small amount of electricity. So, unplug all of your items.

2. Swap it Out. Replace conventional incandescent light bulbs with Compact Fluorescent Light Bulbs (CFL) and save yourself in the long run. Energy Star reports that a CFL will save “about $30 over its lifetime and pay for itself in about 6 months. It uses 75 percent less energy and lasts about 10 times longer than an incandescent bulb.

3. Energy Star Appliances. They are a more pricey change, but the long term savings can be well worth the upfront cost. These appliances are certified to use 10 to 50 percent less energy than your standard appliances. They also help reduce emissions and air pollutants.

4. Daytime Low. Most U.S. Households use some form of air conditioning during the summer months. If you have an empty house during the day, consider setting your thermostat to a higher temperature during the day, and then turning it cooler when you get home. If you have a more advanced system, consider setting a timer to kick on the cool 30 minutes before you return home.

5. Lights Out. This may intuitive, but turn off the lights in rooms you are not using. The same goes for televisions and computers.

Use these simple tips to reduce the cost of running your home this summer, and put that extra cash away into savings!

Wish List for a Dream Home

Tuesday, July 13th, 2010

Your first step in finding your dream home is developing a strong image in your mind, and a sound list of what you want of your dream home.

To make this process a little less daunting, consider these categories:

Location: It has been lauded for years as the most important factor when it comes to the saleability and pricing of home, and it’s a good place to start when compiling your wish list. Do you want a short commute to work? Are you looking for a waterfront property? Do you want to be near family? Is there a particular neighborhood you want to make home? These are all important questions that will help me narrow your search for your dream home.

Neighborhood: If you are looking for a family home, then you need to research the local schools. Is there a particular school district you want to be in, or perhaps to stay in? Are you wanting a neighborhood within walking distance to shops and restaurants? Or perhaps you prefer something more quiet, or on a cul-de-sac.

Home Styles: Do you prefer large, open floorplans and Modern architecture? Or are you a fan of cozy and functional Country style plans? A Tudor style home is exemplified by tall, narrow windows with small panes and a reminiscence of Medieval looks. Or how about Victorian style homes, which feature elaborate details on the exterior and interior of the home?

Home Features: Not every buyer is seeking the same features. What is it that you desire most? Fireplaces, guest bathrooms, an open floor plan, formal dining, a media room, covered porches, a screened porch, a large finished garage, or a pool? The same concept goes for decorative features, including flooring preferences, crown molding, and exterior siding.

Condition: Are you on the lookout for a fixer-upper? Some buyers thrive on the challenge of restoring a former beauty to its original glory. Or are you the type that wishes for new construction, so you can put your own mark on the property? Also consider the idea of townhomes and condos, which can afford the homeowner even more freedom from maintenance.

Use these categories as a starting point for creating your own wish list…

BP toils to put tighter gap on gusher

Monday, July 12th, 2010
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Crews working on the leaking oil well in the Gulf of Mexico will “be in a position later on today to put a containment cap over the well,” retired Coast Guard, Thad Allen, the man in charge of the federal response team, told CNN’s American Morning Monday.

He said once the cap is placed on the well, scientists will be able to gauge the pressure inside the well, then determine whether the cap is holding the oil in or if crews will need to continue siphoning up oil. While robots replace the old cap, crude is leaking out. Scientists estimate that 35,000 to 60,000 barrels of oil are spewing daily from BP’s breached well.

Some of that gushing oil should be collected soon, BP’s Chief Operating Officer Doug Suttles said Monday. He said the oil-gathering ship the Helix Producer should begin collection of oil from the ruptured well Monday and should “ramp up to full capacity” in several days, after two setbacks Sunday delayed its implementation.

Suttles blamed the delays on problems with a hydraulic system used to operate the valve and a leak in the methanol system. But he said the Helix Producer had only been set back less than a day and both issues had been resolved.

Home Buyer Tax Credit Deadline Extended

Monday, July 5th, 2010

The home buyer tax credit now has an extended closing deadline, thanks to Congress. The new deadline is set for September 30, 2010. This will allow for thousands of home buyers to take advantage of the $8,000 and $6,500 tax credits that saw their previous deadline pass on June 30th.

The National Association of Realtors has been encouraging of its passage. “We know that up to 180,000 home buyers eligible for the tax credit are rejoicing this morning. And we all thank both houses of Congress for their work to ensure passage of both bills,” said NAR president Vicki Cox Golder.

Who is eligible for this deadline extension? If you are a first time or “step up” homebuyer who had a fully executed contract in place as of April 30, 2010, but was unable to close by the previous June 30th deadline, then you’re in luck. You are considered a first time home buyer if you have not owned your own home in the last three years. The same income restrictions and rules apply for the extension as were in place for the previous June 30th deadline.

For more information on whether or not you are eligible for this extension, please contact me.

Fourth of July in South Florida

Saturday, July 3rd, 2010

Check out all of the fun things to do around South Florida this 4th of July. If you plan it out right, you could hit some events in both Miami and Ft. Lauderdale…well, maybe not see the fireworks in both spots…but spend the day at one festival…and see the fireworks at the other.

Ft. Lauderdale Beach – July 4th Spectacular
Ft. Lauderdale Beach – Las Olas/A1A
11:30 AM – 9:30 PM
FREE
A live DJ will entertain guests and there will be lots of games for the kids. From 3 – 6PM Coast 97.3 FM will be providing the music and from 6PM on, there will be live music on the stage. Of course there will be a fireworks display at sundown at the beach (Las Olas and A1A).  Don’t forget that Ft. Lauderdale Beach has undergone quite the transformation over the past few years..with some great new upscale hotels, great restaurants and some night clubs.

Mirimar All American 4th.
Miramar Regional Park, 16801 Miramar Parkway.
Fun begins at 5:30 PM….Fireworks at 9 PM
$1.50 per person (children under 5 – FREE)

July 4th Blast at BankAtlantic Center.
BankAtlantic Center, Sunrise.
6PM – 10PM
Local bands and family entertainment for the kids. Fireworks display at 9PM

Miami Beach July 4th Celebration.
Ocean Drive and 10th Street, Miami Beach, FL 33139
Fireworks and fun 7:30PM

Grove Stars on 4th of July
Peacock Park, 2820 McFarlane Rd., Coconut Grove, FL 33133
Family fun and fireworks display.

Enjoy Yourself!

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  • Avg. Days on Market: 69

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