Bobby Jose's Blog
Neighborhood changes lead the list of reasons why people sell their house. Changes to your neighborhood come in the form of new residents, businesses constructing more buildings near where you live and rising property taxes. School closings and openings, highways going up minutes from your home and harsher weather conditions also cause neighborhoods to change.
Fall in love with your community all over again
You could move every time a major change happens upon your community. That's an expensive way to deal with or try to avoid change. You could also find at least five things to love about your community. That starts by learning more about your neighborhood.
As much as you think you know your community, there is a lot that you're missing. Three day trips is all it takes to stumble upon historic landmarks, restaurants,parks and entertainment venues that you hadn't seen before. Getting out and exploring your community is just one way that you can learn to love wherever you live. To gain a greater appreciation for your community:
Attend one community social event a quarter. You might have to attend events on the outskirts of the community you live in.But, get out and enjoy festivals, cultural events, outdoor concerts, fashion shows, arts shows and local sporting events.
Join local networking groups. Don't wait until you're looking for a job to join local networks. Examples of network groups are book clubs, hiking clubs, movie review clubs and science clubs. You can find networking groups in newspapers, local magazines, online and at libraries and bookstores.
Volunteer with local organizations. Join mentoring, coaching and other charitable organizations. Become actively involved in these organizations. Don't just sign up. Attend meetings and get to know other volunteers.
Research the history of your community.Visit the local library and ask the reference librarian to tell you about lectures and seminars that are held at the library to educate residents about the neighborhoods they live in. Search reference books at the library, taking in pictures, maps and historic facts. See how your community has changed since it was founded. Get tidbits on early residents. Become curious about your community instead of thinking that there's absolutely nothing more that you can earn about the place you call "home".
Make new friends. While attending volunteer, networking and other local events, introduce yourself. Be safe. You don't have to tell people where you live. But, you can start talking with people. This includes speaking with your neighbors when you see them.
A strong community doesn't come together magically. It takes dedication, commitment and the desire to connect with other people. Steps that you take to love your community could introduce you to new people, business opportunities and local events and festivals that you've been missing. These steps could also introduce you to opportunities to get involved in local public policies and social offerings,two things that influence whether or not a community thrives.
Comparative market analysis is a tool that helps sellers to know about how much their home is worth. It gives an overview of what a good price for the home is in the current market based on comparable properties. Different realtors have different practices as to how they present this information. CMAs can vary from a two page list to a 50-page guide. The reports vary as to how in-depth they get as well. The important things is the information that they contain.
What Data Does A Comparative Market Analysis Contain?
- Active listings of homes currently for sale
- Homes that are pending being listed
- Homes that have sold in the past 6 months
- Off market homes
- Homes that have withdrawn from the market
- Cancelled listings
Why Homes May Have Been Taken Off The Market
Homes can go on and off the market for a variety of reasons. These reasons include seller’s remorse, high pricing, requests for repairs, or the seller may have hired a completely new agent.
Looking At Comparable Sales
Comparable sales are the homes that have recently sold and are most closely related to your home. You’ll want to find the homes on the list that are most like your home. When finding comparable homes, take the following into consideration:
- Similar square footage
- Same rough age
- Comparable condition
- Similar upgrades
- Close proximity to the same neighborhoods, schools, and amenities
It’s important when you’re using these comparative reports that you find homes on the list that are very similar to your own. You don’t want to be comparing the price of an 8-room split level with an 11-room colonial. You also need to keep in mind that there are some neighborhoods that are more desirable than others. If one house is much closer to a sought after school than your home, you’ll need to take that into consideration for a price point.
Location may be one of the most valuable things about your home that you can’t really change. Buyers seek to live in a certain area of town and are willing to pay top dollar to do so. If you find that nearby homes are selling for much more or much less than homes even closer to yours, the location of your home may be a huge factor.
The comparative market analysis is just one tool that your real estate agent uses to help you price your home just right and use the right marketing tools to sell it. These reports help you to be an informed seller. Comparative market analysis reports are just one more good reason that you need a real estate agent to help you sell your home.
MondayToday is pick-up day. After the weekend your home is likely to have a lot of things laying around out of place. Do a quick tidying up in each room of your home. That includes: picking up clothes, clearing off tables and surfaces, and putting away any children's or pet toys that might be on the floor.
TuesdayDusting. With your duster in hand, run through each room of your house hitting all of the surfaces. Grab a microfiber cloth for things like TVs and computer screens that might have fingerprints and put it in your back pocket. In your other pocket, keep a lint roller or lint brush for your sofa, bed, chairs, etc.
WednesdayFloors. Get out your Swiffer, mop, vacuum cleaner and whatever else you use to clean the floors of your home. Sweep each room into a pile, starting from the walls and working your way in. Once all rooms are swept, grab your dustpan and pick up each pile. From there you can run your Swiffer or mop through your rooms with wood floors or tile. Finally, vacuum any carpets or rugs you have.
ThursdayKitchen day. Mix some white vinegar and water, toss in a few drops of lemon or lime juice, and you've got an all-purpose kitchen cleaner that's free of any harsh chemicals that you don't want going near your food. For areas that need to be scrubbed, like your sink or countertop, sprinkle some baking soda down after you spray the vinegar solution. Once you're done, tuck your spray bottle and baking soda within reach under your sink--you'll need it again tomorrow.
FridayBathroom day. There's no denying it--it's the worst room in the house to clean. But, think about how you'll have the next two days off from work and cleaning and you'll have the motivation to get through it. First, go grab your rubber globes, vinegar spray, and baking soda from yesterday. Today, you'll need them for the sink, tub, and toilet. Other useful items to keep for cleaning your bathroom: an old toothbrush for scrubbing tile grout and baby oil for polishing the chrome on your sinks. Follow this schedule and you'll be on your way to cleaning the whole house in just 5-10 minutes per day so you don't have to dread those marathon cleaning days.
Dighton, MA 02764
Credit cards won’t be the only thing impacted by rising interest rates. Student loans, auto loans and retail product costs could also shift upward. So too could the price tag on home equity loans and mortgages. Get ahead of the change. Start taking steps like those highlighted below to avoid getting blindsided by a bigger mortgage.
Steps to worry free mortgage payments
Pay down debts early – Submit more than the minimum on debts, particularly debts that have interest rates tied to them.
Think short and long term before you make new purchases – Consider the short and the long term before you take on new debt. For example, you might be able to afford new furniture now, especially if you buy the furniture on a delayed payment plan. But, the purchase could put you in the hole six months later should you not receive the raise you were expecting or your work hours be scaled back.
Increase your home’s value – To stay ahead of housing market shifts, including rising interest rates, take steps to increase your home’s value. Re-paint your house. Wash the siding, plant trees, hedges or flowers to improve your home’s curb appeal. Also, repair appliances, roofing, cracks in sideways and the driveway.Upgrades like new kitchen cabinets, stylish light fixtures, bathroom faucets and floor tiles can also improve your home’s value.
Move to a fixed interest rate mortgage – You may have to pay closing costs and other fees to make the switch. But, a fixed interest rate can protect you from having to confront rising monthly mortgage payments each time feds raise interest rates.
Shop for a more affordable house – Reduce your housing debt. Start shopping for a house that you can afford. If you take this approach, buy your new house before rates go up again. Also, look at older homes and houses that need TLC. You could save big by buying an older home or a house that needs repairs if you have construction and interior design skills. There are people who earn attractive salaries repairing, upgrading and redesigning homes. If you have these skills, use them on your own house.
Rent out apart of your house – Generating additional income to pay for a bigger mortgagecould be as simple as renting out your finished basement or another part ofyour house. Before you rent, check your local housing codes to ensure that thespace you rent out meets regulations. Also, conduct a thorough background andcredit check on potential renters.
A healthy economy benefits everyone. A healthy economy can also cause feds to raise interest rates. When this happens, you might be fortunate and get a respectable job raise. You also might have to face the fact that your monthly mortgage payments just went up. By taking a proactive approach when interest rates rise,you could keep your finances stabilized. You might also discover innovative ways to turn your home into a bigger and more profitable investment.