How to know if this house is right for you

Buying a house can be a daunting task, and the fear of buyer's remorse can cause serious anxiety.

How do I know this house is right for me?  Here are some things you'll want to consider before making

that decision:

Can I afford it?

Nothing is more disappointing than finding your dream home just to be told by the mortgage company

that it's out of your price range. Before venturing into the real estate market, meet with a mortgage

broker or bank representative to obtain an accurate number for purchase. This will help you to avoid

heartache and allow you to consider real options versus something that's not feasible because of

your budget.

Does this house meet my must-haves?

Make a list of your must-haves. Features such as number of bedrooms and bathrooms should be high

on that list.

Things such as walk-in closets, an ensuite might be negotiable; however, if you're unwilling to

compromise on certain amenities, be sure to only look at properties that offer them.

Is this property in the right area?

Narrowing down where you want to live is crucial. Are there parks? Trails? Do I add time to my commute?

Am I near amenities important to me and my family? Questions like these will help determine if you're

looking in the area that will best suit your needs.

Is this house right for my future?

For young couples, single buyers and small families especially, it's vital to ask yourself if this is a home

you can grow into. What is your plan? Do you want to start a family here? If your answer is yes, then

the number of bedrooms and bathrooms, as well as separate living space, are all things to take note of.

  

 You can feel it.

Trust your gut when something feels off about a house. You'll know a house is right for you and your

future by the feelings you have while looking at it, walking through it and when it comes time to move in.

If you're trying to convince yourself a house will work or that you love it, chances are it won't and you

don't. At the end of the day, trusting your instincts will guide you to the perfect house while helping

you avoid the ones that aren't.

To search for homes go to https://homesalesneworleans.gardnerrealtors.com/

Finding Your Starter Home

Tips to Help You Find a Starter Home

A starter home isn't necessarily your forever home. Be prepared to make some compromises to get
your foot in the homeownership door. Be open-minded about the location, size and condition.  

Look for an older home in a well-established neighborhood. Resales typically cost less than
brand-new homes. Older homes typically need more maintenance and repairs, which offset some
of the savings; however, buyers who choose a used home might be able to do repairs and renovations
over time, pacing themselves to make the cost manageable.

Buyers who sacrifice location for affordability can find themselves in a neighborhood far from major
job centers with a long daily commute and expensive transportation costs. Sometimes that
trade-off makes sense, but not always

When you're up against stiff competition, working with an experienced real estate agent is key.
A good agent shines when it comes to negotiating the deal and writing a strong offer. Your agent
may suggest certain strategies to win in a competitive market, such as limiting contingencies or
writing a personal letter.

When a well-priced starter house comes on the market, the quest to buy it can be extremely competitive.
To entice sellers offer above asking price (if you can afford to), keep repair requests to a minimum, or allow
the sellers more time to move.

To search for homes anywhere go to https://homesalesneworleans.gardnerrealtors.com/

What Is a Perfect Home?

When searching for a home it is important to identify what "perfect" means to you. The easiest way to start is by making a list of priorities. What is a "must-have," what would be nice to have, and what isn't important?  

We have all lived in places that at first glance we thought were suitable, only to find out later that the kitchen we initially thought was cozy was actually far too small for our needs, or that the seemingly bright living room only gets direct sunlight for a two hours a day.

Before scouting the market you need to know what you can afford.  Getting pre-approved for a mortgage first will make the whole process much easier. A trap that many buyers fall into is assuming that the maximum amount they can borrow is what they should spend on their new house. Look at what your monthly payments would be, and ensure that your budget factors in all ongoing maintenance costs,  as well as room to put funds aside each month for emergency maintenance.

Experienced Realtor is your key to success. Having the right professional working for you can be the difference between a smooth buying process and a costly disaster. Hiring a real estate agent provides numerous advantages. An experienced REALTOR® can find properties that you may otherwise miss, negotiate prices and recommend lenders.  Experienced Realtor is also able to answer any questions you may have about a property, as well as any you may not have even thought to ask.

For more information or to search for homes visit https://homesalesneworleans.gardnerrealtors.com/

Designing The Outdoors

We all love outdoor spaces, and if you have a large backyard, your possibilities may be endless. What happens when all you have is a balcony? Guess what: it can be transformed into a functional area! Here are a few tips:

Depending on the square footage of your outdoor area, consider what you will be using it for. Smaller spaces can be tricky, so try to find furniture that can double as storage, like a bench with space beneath or a table with drawers or an extra shelf. For larger spaces, consider separating areas by using potted plants to establish borders between the dining and lounging spaces.

Consider what your focal point will be to help determine your color scheme. If your outdoor space overlooks a beautiful landscape, then choosing neutral materials will create fewer distractions from the view. Alternatively, if you’re working with an urban setting, bring in a bit of color with potted plants and vibrant seat cushions or pillows.

Selecting the right outdoor furniture can be tough. If your space gets a lot of direct sunlight, metal furniture may not be your best choice as it can get hot and uncomfortable to touch. Additionally, if humidity is high it can be harsh on metal surfaces and require additional treatment and cleaning to maintain. Plastic, resin, or wicker furniture can be a bit lighter weight than other materials and easier to put away for the off season.

For smaller spaces, less can be much more. Bistro tables can be an excellent fit for city balconies and smaller patios as they don’t take up too much space and can be easily moved around. Forcing too much furniture into a small space will make it feel even smaller and may deter you from enjoying it.

Is your outdoor dining space for you and your spouse, or do you have a large family or entertain frequently? If you pride yourself as the host with the most, make sure your outdoor dining layout allows for a smooth cooking and entertaining experience. If your grill is the primary cooking space, make sure it is safely separated from the crowd, but also close enough that you can cook and entertain at the same time.

There are a million different ways to design an outdoor space and it really just boils down to your own personal style.

To search for properties go to http://www.homesalesneworleans.com/ 

Ready to shop for a home? Know loan types!

Before you go mortgage shopping, know loan types.Conventional Loans:

Conventional mortgages are ideal for borrowers with good or excellent credit. Conventional mortgages follow fairly conservative guidelines for:

—Borrower credit scores.
—Minimum down payments.
—Debt-to-income ratios.

What is “Debt-to-Income Ratio”?

Percentage of monthly income that is spent on debt payments, including mortgages, student loans, auto loans, minimum credit card payments and child support.

Closing costs, down payments, mortgage insurance and points can mean that the conventional borrower has to show up at closing with a sizable sum of money out of pocket.

What’s good: Conventional mortgages generally pose fewer hurdles than Federal Housing Administration or Veterans Affairs mortgages, which may take longer to process.

What’s not as good: You’ll need excellent credit to qualify for the best interest rates.FHA Loans:
 

Federal Housing Administration mortgages have flexible lending standards to benefit:

—People whose house payments will be a big chunk of take-home pay.
—Borrowers with low credit scores.
—Homebuyers with small down payments.

The Federal Housing Administration does not lend money. It insures mortgages.

The FHA allows borrowers to spend up to 56 percent or 57 percent of their income on monthly debt obligations, such as mortgage, credit cards, student loans and car loans. In contrast, conventional mortgage guidelines tend to cap debt-to-income ratios at around 45 percent and sometimes less.

For many FHA borrowers, the minimum down payment is 3.5 percent. Borrowers can qualify for FHA loans with credit scores of 580 and even lower.

Cost: Each FHA loan has 2 mortgage insurance premiums:

—An annual premium that varies from a low of 0.45 percent to a high of 0.85 percent. This premium is rolled into the monthly mortgage payment for the life of the loan. See how the premiums vary by loan term and amount of equity.

—An upfront premium of 1.75 percent of the loan amount, paid at closing.

What’s good: FHA loans are often the only option for borrowers with high debt-to-income ratios and low credit scores.

What’s not as good: FHA mortgage insurance premiums usually are higher than premiums for private mortgage insurance. To get rid of FHA premiums, you must refinance the loan.
 VA Loans:

Who they’re for: Most active-duty military and veterans qualify for Veterans Affairs mortgages. Many reservists and National Guard members are eligible. Spouses of military members who died while on active duty or as a result of a service-connected disability may also apply.

How they work: No down payment is required from qualified borrowers buying primary residences. The VA does not lend money but guarantees loans made by private lenders.

Cost: The VA charges an upfront VA funding fee, which can be rolled into the loan or paid by the seller. The funding fee varies from 1.25 percent to 3.3 percent of the loan amount.

The VA allows sellers to pay closing costs but doesn’t require them to. So the buyer might need money for closing costs. Borrowers may also need money for the earnest-money deposit.

What’s good: VA borrowers can qualify for 100 percent financing. Veterans do not have to be first-time buyers and may reuse their benefit.

What’s not as good: There are limits on loan amounts. The limits vary by county.
 
For more useful information or To Search for Homes go to http://www.homesalesneworleans.com/ 

What makes buyers decide which house to chose

If you have ever wondered what drives a home buyer to select a particular home look no further. Here is an interesting article by RISMEDIA that provides a great insight http://rismedia.com/rrein/20904/1023666/5079737/79678?utm_source=newsletter&utm_medium=email

To search MLS for homes go to http://findneworleansproperties.com/ 

Curb Appeal When Selling a Home

Is the interior or the exterior more important when selling a house? Before buyers decide to go in, they will look at how appealing your home is by driving by. While the inside of a home is important, sellers make a big mistake when they neglect the exterior. Curb appeal is often a potential buyer’s first impression of a home. If you’re selling your home or about to, how can you quickly and effectively tackle the outdoor appeal? Here are some tips:

1. Start with the Front Door. A new entry door consistently ranks as one of the best projects in home repairs, yielding an increase in home value that’s greater than the costs to install one. To make the door especially captivating, consider painting it a bold, pleasing color that will grab attention and add charm.

2. Make Any Necessary Repairs. Is the window cracked or the front doorbell busted? Fix that! Buyers want turnkey, move-in-properties, and that means they want properties with repairs already done.

3. Landscaping. From mowing the lawn to pulling weeds, make sure you’re keeping up with your outdoor landscaping so that your home looks presentable and well cared for at all times. Landscape lighting can make all the difference in terms of how a home looks, so make an investment in attractive lighting options that illuminate and add interest to your property.

4. Touch Up Paint. Repaint the exterior or at least touch up problem areas. Another idea is to paint the trim a new color that creates either a nice complement or contrast to your home’s overall look.

5. Make Over the Mailbox. You might not think a mailbox matters much, but it’s yet another one of those little details that can add up together to make a strong impression on a buyer.

6. Add Outdoor Furniture. From rocking chairs on the front porch to an outdoor patio set on the back deck, outdoor furniture creates outdoor living spaces that expand your home’s appeal. Whether or not you include these pieces with the home sale, setting them up is a great way to stage your home for greater resale value.

The bottom line when it comes to curb appeal is that a little investment today can add up to big rewards tomorrow. 

For more tips visit http://findneworleansproperties.com/

Housing Prices Went Up Again in April

While spring is typically the setting for a strong market, low inventories and growing sales may be the culprit of rocketing prices. Home prices continued their upward climb in April, with a 2.7 percent monthly advance, moving the year-on-year gain up to 6.8 percent. This forward motion represents 38 months of consecutive year-over-year increases in home prices. 

Old-fashion supply and demand, fueled by historically low mortgage rates and improving consumer finances and confidence, continue to push home prices up. Including distressed sales, 30 states plus the District of Columbia were at or within 10 percent of their peak prices in April. Included among these states are Colorado, Alaska, Wyoming, Tennessee, Texas, Nebraska and New York. Selected markets such as the urban cores of Tampa and St. Petersburg; South Tampa; North East St.Pete; and the beaches, are extremely hot. All are at pre-recession levels with very low supplies.

For more information visit http://findneworleansproperties.gardnerrealtors.com/

Home Buying Rules

What's good for a buyer in a real estate transaction:

1.If you made an appointment to see a property don't cancel it.
To prepare for a showing, a smart seller spends time clearing up clutter and making the home shine, then grabs the kids and/or pets and vacates for a few hours so buyers can tour in peace.
 Respect that.

2. Remember “house rules”: don't crank up the heat or air conditioning, or let your kids run wild, bounce on the furniture, and borrow toys. Sellers are allowed to set some ground rules ("no shoes" is a popular one), be respectful of that.

3. Never nitpick. Complaining about small issues, like carpet and paint colors, is not a good negotiating strategy, focus on the big-picture items, like location and light level instead. Sellers don't care why you're discounting the house. They're looking at that bottom-line number. Include a roll call of defects and the question becomes, "Why do you want this place?"

4. Requesting multiple “visits” before closing can compromize succesful sale. Buyers want to bring in decorators, architects, family, while the seller is getting repairs done, accommodating inspectors, packing and moving. Arranging to visit while the inspector is there will be the best solution.

5. Never try to renegotiate after striking a deal. There are buyers who agree on a price, only to repeatedly demand concessions and discounts. It's extremely awkward and insulting.

6. Don't rush the closing date. Even in the best of circumstances, it's hard to leave a home for good. The date should be comfortable for all parties.

For more good advise visit http://findneworleansproperties.gardnerrealtors.com/ 

This Home is Coming On The Market Soon

For more information visit http://findneworleansproperties.gardnerrealtors.com/

Are Shoffices Coming Here?

Shoffices, or shed-office hybrids, are rapidly becoming a backyard fixture for homes In Great Brittan. A handful of London homeowners have already jumped on the bandwagon, combining a home office and storage shed with the help of some serious space-saving architecture.

Will Americans follow that direction? Maybe, or maybe not, but the idea is interesting.

1.       Working from home is much different than working in an office. Who really wants to work in their home? With a shoffice, you can physically separate yourself from your home life, eliminating all possibility that your mind will start wondering…

2.       Your backyard won’t look like a barren wasteland. If your backyard’s lacking in the landscaping department, a shoffice is the perfect way to enhance it.

3.       Your kids will love it. If you don’t need an office at home, construct a shoffice anyway and let your child’s imagination do the rest. What kid wouldn't love a cave/spaceship to play in?

4.       Your home’s value will go up. Creating usable living space where there was none typically has a positive impact on a home’s value. No matter the seller’s original purpose, an agent or stager can showcase a shoffice as a functional (albeit detached) part of any home.

F     For more information visit http://findneworleansproperties.com/

This is What Buyers Want in a Home

Home builders across the United States are most likely to focus on “convenience, livability and energy efficiency” when constructing a typical single-family home today, according to a recent survey by the National Association of Home Builders.

Beyond those big three features, plenty of other “practical and functional” amenities were cited by the builders in the survey as key selling points, so I found examples of some of them.

For more ideas visit http://findneworleansproperties.com/

Ways to Create a Welcoming Front Entrance for Under $100

First impressions count — not just for your friends, relatives, and the UPS guy, but for yourself. Whether it’s on an urban stoop or a Victorian front porch, your front door and the area leading up to it should extend a warm welcome to all comers — and needn’t cost a bundle.

Here’s what you can do to make welcoming happen on the cheap.

1.    Clear the way for curb appeal. The path to your front door should be at least 3 feet wide so people can walk shoulder-to-shoulder, with an unobstructed view and no stumbling hazards. So get out those loppers and cut back any overhanging branches or encroaching shrubs. 

2. Light the route. Landscape lighting makes it easy to get around at night. Solar-powered LED lights you can just stick in the ground, requiring no wiring, are suprisingly inexpensive. 

3. Go glossy. Borrow inspiration from London’s lovely row houses, whose owners assert their individuality by painting their doors in high-gloss colors. The reflective sheen of a royal blue, deep green, crimson, or whatever color you like will ensure your house stands out from the pack.

4. Pretty up the view. A door with lots of glass is a plus for letting light into the front hall -- but if you also want privacy and a bit of decor, check out decorative window film. It’s removable and re-positionable, and comes in innumerable styles and motifs.

A way to get the look of stained glass without doing custom work or buying a whole new door: Mount a decorative panel on the inside of the door behind an existing glass insert, $92 for an Arts and Crafts-style panel 20-inches-high by 11-inches-wide.

5. Replace door hardware. While you’re at it, polish up the handle on the big front door. Or better yet, replace it with a shiny new brass lockset with a secure deadbolt.

6. Please knock. Doorbells may be the norm, but a hefty knocker is a classic that will never run out of battery life, and another opportunity to express yourself (whatever your favorite animal or insect is, there’s a door-knocker in its image). 

7. Ever-greenery. Boxwoods are always tidy-looking, the definition of easy upkeep. A pair on either side of the door is traditional, but a singleton is good, too. About $25 at garden centers.

8. Numbers game. Is your house number clearly visible? That’s of prime importance if you want your guests to arrive and your pizza to be hot. 

9. Foot traffic. A hardworking mat for wiping muddy feet is a must.

10. Go for the glow. Fumbling for keys in the dark isn’t fun. Consider doubling up on porch lights with a pair of lanterns, one on each side of the door, for symmetry and twice the illumination. Many mounted lights are available well under $100.

11. Snail mail. Mailboxes run the gamut from kitschy roadside novelties masquerading as dogs, fish, or what-have-you to sober black lockboxes mounted alongside the front door.

For more ideas visit http://findneworleansproperties.com/

MAKE YOUR HOME MOVE-IN READY!

The moment you even begin to think of putting your home up for sale is the time to start thinking like a buyer. Why? Because thinking like a buyer will help you make your home move-in ready for just the right buyer. The less they think about what  they have to change, the shorter the distance will be between the viewing, their offer, and the day you say, “Sold.”

1.      Host a pre-listing party. Invite a few trusted friends over for an inventory. Make some cocktails and go from room to room in your home asking what they would either change if they were to buy your house, or see as a red flag if they were a potential buyer. This can help you create a solid list of potential improvements to discuss with your Realtor before you list.

2.      Consult with a great agent. Now that you have your friends’ opinions, run them by an expert.  See which problems you should address before listing and which fixes won’t be of financial benefit. 

3.      De-clutter. Closets get full. Extra pieces of furniture get crammed into corners. Bookshelves overflow with odds and ends. Help the potential buyers see your actual home and not the stuff in your home by moving out the extras. Try renting a portable storage unit that can be delivered to your home. This way, you can box up extras, and they’ll be ready to be delivered to your next dream home. In the meantime, you’ll be making room for someone else’s dreams.

4.      Clean out the garage. The future owners of your home want to know that their cars can fit into the garage.

5.      Think neutral. It’s hard for potential buyers to see themselves in a home that has you written all over it.  Since your home is soon to not be your home anymore, consider taking any brightly or bold-colored walls back to neutral. A simple beige satin wall paint with a semi-gloss white or off-white pain trim can do wonders for giving potential buyers the “blank canvas” feeling. You want future owners to be dreaming of picking out paint — not how to get rid of not-right-for-them color decisions.

6.      Grout, tile, and natural stone restoration. Have your bathrooms and kitchen counters lost their luster? You might want to look into having them refreshed (and it’s much less expensive than having them redone).  For not a lot of money, you can kick up the shine on your tiling and counters and get that long-neglected grout back to clean.

7.      Make those hardwood floors spiffy. Wash all surfaces with a simple mild, soapy water first (avoid Murphy’s Oil Soap — it leaves a residue). Next, use a hardwood floor polish like Bona or a product like Rejuvenate to bring the beauty back — and all for under $40-$50 for the average sized home. Be sure to use the cleaners recommended by each product to prevent buildup and to keep the shine going through your whole listing. There’s nothing that can kill a deal like your perfect buyer thinking that they have to refinish a few thousand square feet of hardwood. Help them see hope, not hardwood-related dollar signs.

 For more information visit http://findneworleansproperties.com/

Location of Sex Offenders, Drug Labs and Toxic Dumps on Listing Pages

In a bid to bring transparency in online real estate search to new heights, RealtyTrac has baked a batch of data on unpalatable neighborhood characteristics into its listing detail pages.

The information — which could be construed as a massive collection of red flags — includes the location and details of environmental hazards such as underground spills, polluters and hazardous waste sites, as well as former drug labs, sex offenders and building permit activity.

RealtyTrac evens the playing field between heart and mind by helping consumers see behind the air-brushed perfection of typical real estate information.

RealtyTrac obtains most of its inventory through listing syndicator ListHub rather than IDX feeds. But in a growing number of markets where broker members of the RealtyTrac Network supply the site with IDX feeds, listings represented by all brokers participating in IDX — not just RealtyTrac’s partners — are accompanied by information on nearby criminal and sex offenders, environmental hazards, and other information that could rattle listing brokers and their seller clients.

RealtyTrac is importing the new neighborhood data from the Homefacts.com, which it acquired in 2012. Like Homefacts.com, RealtyTrac’s local information, including the information it’s just added, appears in “tiles” that paint a picture of a listing’s surroundings.

For more information visit http://findneworleansproperties.com/