What is a “Deed in Lieu of Foreclosure”?

Homesbyjim

Deed in Lieu of Foreclosure

This is an option that many underwater homeowners do not know about. A deed in lieu of foreclosure is when the borrower agrees to give the property to the lender in exchange for cancelling the mortgage. The lender then gets the property much quicker than normal and lessons the chance of the property being in disrepair and reduces the lenders financial loss (interest, legal fees etc.) for the property being off the market.

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Do I need an Engineer or a Home Inspector?

PropertyGuiding

Do I need an Engineer or a Home Inspector?

You need a home inspector. When you hire a home inspector, you are hiring an experienced professional who has training and experience in the building industry. It is the job of the home inspector to not only evaluate the condition of the house’s major systems and structural integrity, but also to evaluate how these systems are working together and identify areas that need to be watched, repaired or replaced.

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3 Easy Tips To Protect Your Deck This Winter

Andy Horn Real Estate Blog

Barbecue season is all but over, and you won’t be spending as much time out on the deck. Don’t let it get you down, though. Spring will be here before you know it. There are a lot of things that can wear down and damage your deck, so protect your deck and make sure it stays in tip top shape over the winter. Cover The Furniture You want your deck to look as good in the spring as it does now. The first step is to cover all the furniture (don’t forget the grill!). Cover everything with commercial furniture covers or just use a tarp. Be sure that the covers fit snuggly. They won’t do any good if they’re blowing through the neighbor’s yard. If you’ve got the space, make room in the garage for the deck chairs and table. They’ll last longer if you store them indoors for the…

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Fall Is the Ideal Time to Seal up Your Home for the Winter

Love Now Sell Later

Fall is the ideal time in Atlanta to check the seal of your home to protect it from water, heating inefficiencies and critters.
mouse

Seal with Caulk and Foam-Begin by inspectingyour house and look for cracks and places that need sealing or caulking, paying special attention to windows, doors, faucets and dryer vents.  Most cracks can be sealed with good quality exterior caul; larger openings will need to be filled with expandable foam.

corrugated pipe

Gutter Cleaning and Rainwater Flow-Once the leaves have fallen, clean out the gutters and check for any needed repairs. Observe the water flow during a hard rain. Look at where the downspout directs the water and make sure water doesn’t puddle near your foundation. Check the security of all downspouts’ connections to corrugated pipes that divert water away from your house. Get a professional! I use Clear Touch Maintenance (770-761- 8110) but there are many other companies…

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DIY – Fall Maintenance Tip #2

LukesGC

Fall is the perfect time to do home maintenance. Aside from Gutter cleaning, a roof inspection is just as important to protect your home from future potential issues.

If you are physically unable or uncomfortable climbing a ladder tall enough to reach your roof safely, please consult a professional.

Before climbing ladder, ensure the ladder is level and does not rock from side to side or front to back. Wear appropriate shoes for walking on shingles, metal, or slate, etc. type roofing. (Footwear could vary depending on the type of roof you have installed.)

Below is a list of items to check during a DIY fall roof inspection for homeowners.

shingleA

  • Check for up-turned, bent, or missing shingles – damaged shingles can lead to a leaking roof. As the weather cools down, shingles can become brittle (which could result in further damage).
  • Use a proper roofing sealant to seal shingles where…

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Sometimes you gotta live with it: 31 Days

Stephanie Marchetti | Sandpaper & Glue, a home and lifestyle blog

When you first move into a home there are always approximately 900,000 things you need to do immediately. And there’s nothing wrong with feeling that way. But sometimes, you just gotta live with something. And that can be ok too.

Matt & I are in our first home, not our forever home, so we’re super conscious to not put more money into the house then we can get back. That means not gutting the kitchen. Which is a real bummer, because those honey oak cabinets and table are really dragging me down.

yellow kitchen, gray backsplash, budget kitchen

I love love love our yellow walls, our faux backsplash made me so much happier with the space, and the layout is great.

I absolutely freaking hate our cabinet stain (and the dining set we got – for free! – to match it).  And you know what, it’s not worth painting them or removing them because…

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How to Get Maximum Value on Your Home Appraisal

House of Brokers Realty, Inc.

So, you’ve got an offer on your house from a qualified buyer and you’re ready to call the movers. Before you pick up the phone, remember that a few hurdles still have to be overcome before settlement day—in particular, the home appraisal.

How to get maximum value on your appraisal

An appraisal, paid for by the buyer, is required by the buyer’s lender to ensure that the property’s value is equal to or higher than the loan amount. If your buyer has offered $250,000 on your home and intends to borrow $225,000, your home must be worth at least that much or more.

Your buyer pays for the appraisal, which is scheduled by the lender, but that doesn’t mean the appraisal process is entirely out of your hands. There are steps to take before and during the appraisal appointment that can maximize your home’s value, increasing the likelihood your transaction will include a smooth settlement day.

Pre-appraisal Steps

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What home buyers want in a new home

Go Urban San Diego Blog

What home buyers want in new homes

Increasingly, many of my real estate clients talk with me about energy efficiency features  when it comes to considering residential properties.   I found this survey to reflect what I see in serving my clients.

According to a  2013 survey by the National Association of Home Builders, these are the the features most want in a new home:

94% of home buyers want ENERGY STAR-rated appliances

93% want a  laundry room

91% want an ENERGY STAR rating for the whole home

90% want an exhaust fan in the bathroom

90% want exterior lighting

90% want a bathroom linen closet

89% want ENERGY STAR-rated windows

88% want ceiling fans

86% want garage storage

85% want table space for eating in the kitchen

85% want a walk-in kitchen pantry

Do you agree with this survery? What features do you want in your next property?

If you’re ready to discuss the sale of…

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