3 NEW YEAR’S RESOLUTIONS FOR BUYERS 2017

New Year’s Resolution: Buy a Home

  1. I will automate my down payment savings –  set aside a small amount of your payment each month into a separate savings account “house fund” automatically.  “Amassing enough for a down payment takes discipline and perseverance, but setting up automatic savings can make it easier”.
  2. I will clean up my credit –  Mortgage lenders want to see a buyer with a financially tight ship.  Pay your bills on time, pay off  your credit card.  Make timely payments on car and college loans.  A man who made $250,000 a year was denied a mortgage because his credit card payments were always late.
  3. I will budget wisely –  Structure your budget so you will be able to save more for your down payment and pay down any debts.  Factor in additional expenses such as new furniture and appliances.

Source:  realtor.com

4 THINGS NOT TO DO WHEN PUTTING YOUR HOME ON THE MARKET

  • Don’t Over Improve – some improvements are a no brainer.  For example, updating appliances, painting cabinets, maybe replacing a cracked tile or two.  But avoid projects that are “hyper-specific” to your tastes.
  • Don’t Over Decorate – Neutrals are always best when prepping your home for sale.  “You may love the look of lace and lavender, but your potential buyer may enter your home and cringe”.
  • Don’t Hang Around –  buyers want to imagine themselves in your space, not you.  They must feel free to analyze and judge for themselves if the home meets their needs.
  • Don’t Take Things Personally – if you get a low-ball offer, or a buyer wants to replace the carpet for something more modern, don’t take offense.  Remember:  this is business.

Source:  RSMedia.com

GREEN!! THE 2017 COLOR OF THE YEAR

Popping up (literally) in home decor and housewares, furniture and paint, will be a “zesty” yellow-green by Pantone called, are your ready? Greenery! Called a “prehistoric” choice, the director of the Pantone Color Institute writes: “…Greenery bursts forth in 2017 to provide us with the reassurance we yearn for amid a tumultuous social and political environment”. Often considered a neutral color, any shade of green is usually thought of as okay, and won’t detract from your home’s value. What do you think?

green_living_room1

 

Source: RSMedia, Houzz

SHILLER: “THERE COULD BE A TRUMP BOOM COMING”

S&P CoreLogic Case-Shiller data shows “a steady pace of increases” in October, rising by 5.1%. Economist and Nobel laureate Robert Shiller writes: “I think we’re at a turning point. The numbers that we’re reporting today are October, [reported Dec. 27] before the Trump election, and everything looks different now”. He further states: “There might be a Trump boom coming”. Rising mortgage rates may spur more buying now to get ahead.

Source: RISMedia