RE/MAX Advantage I



Posted by Mark Consolmagno Michelle Curran Team on 10/17/2018

If you intend to sell your home in the near future, you may want to upgrade your residence's interior. In fact, there are many reasons to improve your home's interior before you list your house, and these reasons include:

1. You can differentiate your residence from the competition.

For a seller who wants to help his or her home stand out to buyers, upgrading a residence's interior is ideal. Because if your house boasts a fabulous interior, your home is sure to make a great impression on buyers.

As you consider home upgrades, you may want to consult with interior designers as well. These home interior experts are happy to offer tips and insights so you can improve your residence's interior in no time at all.

2. You can boost the likelihood of a profitable home sale.

When it comes to selling your home, your ultimate goal likely is to earn as much as you can from your house sale. Thanks to a stunning home interior, you can increase your chances of enjoying a profitable house selling experience.

Remember, a dazzling home interior may make it simple for buyers to fall in love with your residence as soon as they walk through the front door. If multiple buyers compete to acquire your home, you may receive several offers to purchase at or above your residence's initial asking price.

3. You can speed up the home selling journey.

There is no telling how long it will take you to sell your house. But if you improve your residence's interior, you could make your home an attractive option to dozens of buyers. And as a result, you could reap the benefits of a fast home sale.

Of course, for those who want additional assistance during the home selling journey, hiring a real estate agent may prove to be beneficial. A real estate agent takes the guesswork out of selling a home, regardless of the current housing market's conditions.

If you want to bolster your home's interior, a real estate agent is ready to assist you in any way possible. He or she will walk through your home and offer suggestions so you can quickly enhance your house's interior. A real estate agent may be able to connect you with the top interior designers in your area, too.

In addition, a real estate agent offers plenty of assistance as you navigate the home selling journey. If you are unsure about how to price your house, for example, a real estate agent can help you analyze your home's strengths and weaknesses so you can price your residence appropriately. Or, if you are uncertain about whether to accept an offer to purchase your house, a real estate agent can help you make the best-possible decision.

Ready to add your home to the real estate market? You may want to upgrade your house's interior first. Because if you perform home interior upgrades today, you may be better equipped than ever before to enjoy a successful house selling experience.





Posted by Mark Consolmagno Michelle Curran Team on 10/10/2018

One of the most difficult decisions to make when refinishing a room is how much of a current trend to inspire your choices. Jumping in with two feet can be fun and certainly create a wow factor. However, trends can also quickly become outdated and if youíve invested a lot of time and money into a particular one you will also have to spend a lot of time and money to change it.

Luckily, this isnít an all or nothing situation. So whether your current obsession is mid-century modern or shabby chic you can satisfy your style preference without making a top to bottom change in a few months or years.

To start, keep bigger items like the wall color, flooring, and furniture neutral in both style and color. What I mean by this is to choose furniture that is inspired by or similar, but simpler, to a more trendy piece. And neutral doesnít have to mean beige. Blacks, grays, blues, browns, whites, and creams with just a hint of the desired hue are perfect multitaskers that transcend both trends and time.

For example, if you want pink for a blush-toned creme or for green a sage infused blue. If youíre craving color black and white create the perfect canvas for colorful accessories to really pop and make a statement. Navy and charcoal are neutral but underutilized colors that allow you to give a little push style boundaries.

Bring in those pops of color with accents. Wall art, decor, throw pillows, curtains and bedding are perfect ways to do just that. Incorporate your favorite new colors and patterns throughout the room for a consistent look and not as if you haphazardly placed pieces as an afterthought.

The best part of using these details to infuse your trend of choice is that they enable you to go as bold or subtle as you like. Curtains or a comforter in a bright color or a bold print capture the eye immediately. Throw pillows and wall art, on the other hand, make for a room filled with personality.

Itís always fun to incorporate trends when we are decorating. It gives the room your unique brand of personality and brings the space to life. Cleverly choosing your larger items to remain understated to allow your trendy pieces take the spotlight is the perfect way to join in while also staying flexible if you tire of it or want to change things up down the road.

Youíll also be making a more budget-friendly project by choosing neutral tones for your investment pieces. They will be able to carry over decades to come while transcending, for the most part, the many trends it is sure to outlive.     




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Posted by Mark Consolmagno Michelle Curran Team on 10/3/2018

If you are thinking of buying your first home, youíre thinking of making the single biggest purchase of your entire lifetime. Real estate is complex. From getting finances in order to understanding the entire process to securing the home you love, thereís so much that youíll need to know when it comes to buying your first home. 


What Is A Down Payment?


A down payment is a one-time cash payment that youíll provide at the closing table when you buy a home. How much your down payment is will have an effect on how much your monthly mortgage payment will be. It will also affect your initial home equity value. 


Should You Keep Renting?


First, youíll need to think of a savings goal and a timeline. The general rule is that if you own a home for at least 5 years, you have gotten your ďmoneyís worthĒ out of the closing costs and the fees you paid at the time you purchased your home. If you donít think youíll stay in a home for at least 5 years before making another move, you may want to consider renting until you know where you want to settle. 


What Can You Afford? 


Youíll need to calculate just how much home you can afford. Look at potential monthly mortgage payments plus taxes, fees, insurance, utilities and other monthly expenses that you have.


In dual-income households, itís nice if the living expenses can be covered just by one personís paycheck. Once you have an idea of your budget, you can price out homes that will meet your needs and be in your price range. 


Why You Should Save More


The best practice in buying a home is to put 20% down on the house. With this sizable down payment, it will be easier to get approved for a mortgage. Youíll also avoid needing PMI (private mortgage insurance.) This is an additional cost for people who put down less than a 20% down payment. This can cost you a lot of money each month, so itís best to save as much as you can for that initial down payment. 


Donít be discouraged. You can still buy a home with a lower percentage of a down payment, but youíll have to pay for the PMI and include the additional expense in your budget. The Federal Housing Administration has many different options available that allow you to put a smaller down payment on a home, so do your homework.  


How To Save 

           

Once you get an idea of about how much youíll spend on your home, you need to take action and start saving. There are many ways that you can save automatically without even thinking about it. You can choose a fixed amount or percentage of your paycheck and save it automatically into the house fund. Save as much as you can so youíll be able to make your home purchase more quickly. You may even want to consider putting your money into a money market account for a higher return on your savings once you reach a certain goal. 


Donít Forget To Save Your Bonuses


Whether you have received a gift or a sizable Christmas bonus, make sure that you put that money away towards your home purchase. Every little bit helps. While we may have an inclination to want to spend the money on more immediate things, youíll be happy that you saved your money when you head to purchase your house! 


Use Your IRA


The IRS allows a tax benefit for first time home buyers. You can take out up to $10,000 out of your IRA or Roth IRA for a first time home purchase. Your Roth IRA account must be at least 5 years old in order for you to do this. Distributions from this account are tax-free, but youíll need to pay tax if you withdraw form a traditional IRA. You should discuss any withdrawals that you do make with your financial advisor and your tax advisor. This could be an opportunity for you to build your wealth in a new way, so make an informed decision. 


Happy saving and happy house hunting!





Posted by Mark Consolmagno Michelle Curran Team on 9/26/2018

After you accept a homebuyer's offer on your residence, he or she likely will complete a home inspection. Then, the homebuyer may choose to move forward with the home purchase, rescind or modify his or her offer or ask the home seller to complete home improvements.

Ultimately, a home seller is likely to have many questions following a home inspection, including:

1. What did the homebuyer discover during the home inspection?

As a home seller, it is important to do everything possible to enhance your residence before you add it to the real estate market. By doing so, you can boost your chances of generating substantial interest in your house. Plus, when a homebuyer performs a home inspection, he or she is unlikely to find any problems that may slow down the home selling process.

An informed home seller may conduct a home appraisal prior to listing his or her house on the real estate market. This appraisal enables a home seller to identify potential trouble areas within a residence and explore ways to address such problems.

If you failed to perform a home appraisal, there is no need to worry. For home sellers, it is important to see a home inspection as a learning opportunity. And if a homebuyer identifies problems with your residence during a home inspection, you should try to work with him or her to resolve these issues.

2. Should I stand my ground after a home inspection?

Be realistic after a home inspection, and you'll be able to make the best decision about how to proceed.

For example, a home seller who goes above and beyond the call of duty may address major home problems prior to listing his or her house on the real estate market. This home seller will dedicate the necessary time and resources to correct home problems and ensure a homebuyer is able to purchase a top-notch residence.

But what happens if a homebuyer identifies problems during a home inspection, despite the fact that a home seller already tried to correct various home issues?

A home seller should consider the homebuyer's inspection report findings closely. If minor home repairs are needed, he or she may be able to fix these problems to move forward with a home sale. Or, if a homebuyer is making exorbitant demands, a home seller may feel comfortable allowing the homebuyer to walk away from a home sale.

3. How should I proceed after a home inspection?

A home inspection can be stressful for both a home seller and a homebuyer. After the home inspection is completed, both parties will be better equipped than ever before to make informed decisions.

If a homebuyer encounters many problems with a residence, he or she will let the home seller know about these issues. Then, a home seller can complete assorted home repairs, offer a discounted price on a home or refuse to perform the requested home maintenance.

Working with a real estate agent is ideal for a home seller, particularly when it comes to home inspections. A real estate agent will negotiate with a homebuyer on your behalf and ensure you streamline the home selling process.





Posted by Mark Consolmagno Michelle Curran Team on 9/19/2018

Buying a home is one of the more complicated purchases that youíll make in your lifetime. Itís not something that you can just open your wallet, pull out a wad of cash and buy. Thereís a warm-up period for a house hunt. You need to prepare before you even start the process of the purchase. Thereís a lot of different things that you should do to ready yourself to buy a home. Youíll need to organize your finances, find a real estate agent and ready yourself. If youíre looking to buy a home in the near future, itís time to get busy! 


Keep Your Credit Score In Check


Your credit score is so important for so many reasons. The highest your credit score can be is 850 and the lowest it can be is 300. Youíll get a really good interest rate on a home if your credit score is 740 or above. A lower interest rate can save you a lot of money over a yearís time. 

The good news is that you can spend time repairing your score. This will include paying down debt, asking for credit limits to be raised and correcting errors that may be on your credit report. You want to be sure that youíre using 30% or less of your total available credit. As always, if your bills are paid on time, it will help you to keep that score up. Also, stay away from opening new credit cards, as this can bring your score down due to frequent credit checks. 


Put Gifts To Good Use


Whenever you get a financial gift, whether it be for a wedding, a Christmas bonus, or a birthday gift, make sure that you save it for your home purchase. Youíll need quite a bit of capital between closing costs, fees and down payments. Youíll be glad you saved the money once you start the home buying process. Youíll also want to make sure that you have and emergency fund built up. You donít want to buy a home without some sort of a financial cushion behind you. 


Research Real Estate Agents 


Your real estate agent will be your right hand person when it is time to buying a home. Youíll want to know that your agent is knowledgable and can help you in this big decision. Your real estate agent is the person who will help you reach your goals, and you want to feel comfortable with them. Ask for recommendations and do your research.  


Get Preapproved


Sellers love buyers who have been preapproved. This shows that theyíre reliable and financially able to buy a home. A preapproval can be done a few months in advance of buying a home. It will take an in-depth look at your finances including:


  • Proof of mortgage or rent payments over the last year
  • W2 forms for the past 2 years
  • Paycheck stubs for the past 2 months
  • List of all debts including loans and court settlements
  • List of all assets including car titles, investment accounts and any other real estate you may own.


Buying a home is a big deal but with the right preparation, youíll be on the road to success and ready to secure a home purchase.




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Mark Consolmagno Michelle Curran Team
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