5 Sizzling Reasons To Buy A Home During Housing’s Hottest Season

The Heat Is On: 5 Sizzling Reasons to Buy a Home During Housing’s Hottest Season
By Rena Behar | Jun 15, 2017
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flammulate/iStock; stevanovicigor/iStock
The days are getting longer. Ice cream truck jingles echo up and down the block. But the surest sign that summer is here? It just might be those “For Sale” signs popping up like dandelions in your neighborhood.

Yep, we’re smack dab in the middle of the most popular time of the year to buy and sell a home. If you’re thinking of starting your home search, your first instinct as a savvy shopper might be to stay away and wait for the weather—and the market—to cool down. Why battle the crowds and bidding wars if you’re in no rush to move?

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But there’s no reason to sweat the idea of buying in the summer. In fact, there are some distinct advantages to making your way into the marketplace during housing’s hottest season—as long as you can stand the heat of a little competition.

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3 Crucial Reasons You Should Buy a Home Before 2017 Ends
1. Prices aren’t necessarily higher

“A huge myth about the real estate market is that homes sell for more in the summer and less in the winter. This is simply not true,” says Dippy Chhina of Dippy Real Estate.

Let’s be clear: Home prices do usually peak in June–August. And it’s a seller’s market in most areas. But other forces beyond the summer sun play a major role in a home’s asking price, Chhina notes. They include the number of similar homes also for sale in a given area, interest rates, and the job market.

“What is true, however, is that there are more homes on the market in summer than in the winter, and there is also a higher number of sales in the summer than the winter,” Chhina says.

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Which leads us to our next summer-buying advantage.

2. Inventory is broader

You wouldn’t buy a car from a dealer with only two models for sale, so why limit your options when it comes to picking a house? The open-plan kitchen you’ve been yearning for or a home in a stellar school district is much more likely to pop up in a busier marketplace.

“The large inventory offers significantly more opportunities for purchasers to identify specific floor plans, amenities, and locations,” says Sarah Lilly of Five Star Lakeshore Real Estate. Buyers “feel more confident in their search because additional properties hit the market every week.”

In some less competitive markets, knowing that there are plenty of homes for sale can give you more leverage for price negotiation, and peace of mind knowing that if you have to walk to away, another home will be just around the corner.

3. Buying and selling at the same time could be easier

If you need to sell your current home before you can buy another, you’ll likely have an easier time with the balancing act during the summer. Rather than getting trapped with two mortgages, you could have a more seamless transition in a busier market.

“If the client needs to sell a home before buying, the home will be more likely to sell, and potentially at a good price, allowing the client to purchase their new home sooner,” says Joe Lopez of Connect Realty.

But remember, these transactions take time, so if you’re planning on pulling off a double act, get ready as soon as possible so you can capture as much of that golden season as you can.

4. School’s out for summer

Any beleaguered parent can tell you why this factor is crucial. By waiting until summer to make your move, you can minimize disruption to your kids’ lives. Plus, their schedule is clear to bring them along to showings. (Beware, though, not all agents appreciate young kids underfoot.)

“House hunting during the summer break from school means that kids can more readily attend showings— important when offer time is of the essence and parents want each member to approve of the new family home,” says Orlando Regional Realtor Association President Bruce Elliott, of Regal R.E. Professionals.

And if the sellers have kids, they might also be trying to cement a sale in time for the new school year—and will likely be more motivated toward the end of the season.

“Sellers who find their properties still on the market as summer draws to a close and the ranks of buyers thin out may be more open to price negotiation,” Elliott says. “In addition, those buyers who were unable to secure a home after months of looking and making offers may become fatigued and drop out of the hunt.”

5. You’ll get to know the lay of the land

It’s easier to do a little detective work on your potential home when the weather’s nice and the days are longer. Trees and flowers are in full bloom, so you’ll get a better idea of your prospective new yard. You can step out on that back porch and envision what it will really, truly be like to live there and host your long-anticipated Margarita Mondays. Plus, everyone’s more active, so you’ll get a better feel for the community.

“Summer brings people out of their homes, so while you are home shopping with your agent, you will get the chance to take the pulse of the neighborhood and see your potential neighbors,” says Kyle Springer of South Central Homes.

“Families can often get a feel for the neighborhood’s kid population during the day in the summer,” Elliott says. “Here in Orlando, where daytime temperatures reach the high 90s and so many homes have pools, buyers listen for sounds of shouting and splashing.”

But beware! Sometimes the romance of summer can distract you from some red flags.

“It is fine to stop and smell the roses, but also pay attention to what lurks behind them,” says Jerry Grodesky of Farm and Lake Houses Real Estate.

For example: the eyesore of a junk pile in your neighbor’s yard. Or the giant cellphone tower you didn’t see through those beautifully full trees—that now you can’t unsee. And make sure that foliage isn’t blocking any potential problems with the home, such as foundation issues or peeling roof tiles.

You should also use this opportunity to test how the property holds up in warm weather. See how well the air conditioning works when it’s pushing 100 degrees outside, and open all the windows to see if any stick or simply won’t open. Of course, your home inspector will check these things, but it never hurts to get a jump-start.
Rena Behar is a writer and editor living in Brooklyn. She’s contributed to The Wirecutter, Groupon, Texas Monthly, and other publications. Follow @renadb

12M CONSUMERS MAY GET CREDIT-SCORE BOOST

12M Consumers May Get Credit-Score Boost

DAILY REAL ESTATE NEWS | THURSDAY, JUNE 22, 2017
The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers.

In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on a credit report is inaccurate or incomplete, says Eric J. Ellman, senior vice president for public policy and legal affairs at the Consumer Data Industry Association. Civil judgments—which means a court has ruled a person owes money—also tend to be ripe with errors or omissions on a credit report, experts say. Consumers can dispute the errors, but the process can be cumbersome.

Beginning July 1, Equifax, Experian, and TransUnion will automatically exclude tax lien and civil judgment records from credit reports if they are missing a person’s name, address, Social Security number, or date of birth. Claims that do contain this key information, however, will remain on credit reports.

Six percent of Americans with a credit score—or 12 million— likely will see their score go up once the new policy takes effect. About 11 million could see an increase of about 20 points. “A lot of people who have liens or judgments against them already have crummy credit to begin with,” says Keith Gumbinger, vice president at HSH.com, a mortgage resource website. “A 10- or 20-point increase isn’t going to make a difference for a lot of borrowers.”

But borrowers who are on the cusp of qualifying for a home loan may stand to benefit the most. For example, Gumbinger says, a would-be buyer with a credit score of 570 who receives a 10-point uptick may be able to qualify for an FHA loan. FHA loans require a minimum 580 credit score.

Source: “Have a Bad Credit Score? It Could Soon Get Better – But Is it Enough to Buy a Home?” realtor.com® (June 22, 2017)

Could Paint Be an Energy Source for Homes?

Could Paint Be an Energy Source for Homes?

DAILY REAL ESTATE NEWS | TUESDAY, JUNE 20, 2017
The paint on the wall may soon be a source of energy for a home. Researchers at RMIT University in Melbourne, Australia, say “solar paint” will be available to homeowners in the next few years.

It’s a sunlight-absorbing paint developed by RMIT researchers that produces hydrogen fuel from solar energy and moist air. Even a brick wall could potentially be turned into an energy-harvesting form of real estate, says lead researcher Torben Daeneke.

“Our new development has a big range of advantages,” Daeneke told Science Daily. “There’s no need for clean or filtered water to feed the system. Any place that has water vapor in the air—even remote areas far from water—can produce fuel. … This system can also be used in very dry but hot climates near oceans. The sea water is evaporated by the hot sunlight, and the vapor can then be absorbed to produce fuel. This is an extraordinary concept, making fuel from the sun and water vapor in the air.”

Source: “Solar Paint Offers Endless Energy From Water Vapor,” Science Daily (June 14, 2017)

First Time Buyers Face New Competition

First-Time Buyers Face New Competition

DAILY REAL ESTATE NEWS | MONDAY, JUNE 19, 2017
Investors are scouring real estate markets looking for low-priced homes, and they’re increasingly stepping on the toes of first-time home buyers, who are hunting in the same price range. “The investor is starting to gobble up pretty much anything under $200,000,” Dennis Cisterna, chief revenue officer for Investability Real Estate, which markets rental homes, told The Dallas Morning News. “We are not adding any new supply to the market to serve that first-time home buyer.”

Housing inventories are at the lowest level in 30 years, and the shortages are most pronounced in the low and middle price ranges. “We are losing inventory at a record pace and in the segment of the market with the most demand,” says Javier Vivas, a realtor.com® analyst.

Investors comprised 33 percent of all single-family and condo sales in 2016, the highest percentage ever recorded by real estate data firm ATTOM Data Solutions. “This is setting the stage for a boom in single-family rentals,” says Daren Blomquist, an economist at ATTOM.

But while institutional investors dominated the rental housing market after the housing crash, they’re increasingly being priced out of markets such as Denver and Dallas. Smaller mom-and-pop investors are now stepping in to take their place. “The investors are competing for those starter homes,” Blomquist says, adding that 61 percent of investor purchases are for homes between 1,000 and 2,000 square feet.

Investors also tend to pay cash, which is making it difficult for first-time buyers who need financing to compete. About 19 million single-family homes in the U.S. are now owned by investors, according to ATTOM Data Solutions.

Source: “First-Time Buyers Hunting Affordable Housing are up Against Property Investors … and Losing,” The Dallas Morning News (June 16, 2017)

241 S Banana St Mount Carmel PA For Rent

 

For Rent or For Sale – 241 S Banana St Mount Carmel PA 17851

BrokersRealtyPM.com to fill out an application for this home.

114 B S Spruce St Lewistown PA 17044 For Rent

 

For Rent or For Sale – 114 B S Spruce St Lewistown PA 17044

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438 Cresent St Harrisburg Pa 17104 For Rent or For Sale

 

For Rent or For Sale – 438 Cresent St Harrisburg PA 17104

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529 S 16th St Harrisburg PA 17104 For Rent or For Sell

 

For Rent or For Sale – 529 S 16th St Harrisburg PA 17104

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220 East Ave Mount Carmel PA 17851 For Rent

 

For Rent – 220 East Ave Mount Carmel, PA 17851

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346 E Columbia Ave Mount Carmel PA 17851 For Rent

 

For Rent – 346 E Columbia Ave Mount Carmel, PA 17851

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107 W 5th St Mount Carmel PA 17851 For Rent

 

For Rent – 107 W 5th St Mount Carmel, PA 17851

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SW

2006 Holly Street Harrisburg PA 17104 For Rent

 

For Rent – 2006 Holly Street Harrisburg, PA 17104

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131 N Front St Newport PA For Rent

 

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1047 W Mulberry St Coal Twp, Pa 17866

 

 

For Rent – 1047 W Mulberry St Coal Twop, PA 17866

ZONING Issues How to handle

IF a Property is ZONED Commercial, etc, The listing agent should get the zoning right from the municipality and the permitted uses.

 

IF you are the Buyers Agent you should do this also AND have your buyer VERIFY their specific use themselves with the municipality.

 

Folks, keep the liability out of YOUR Bucket and in the Buyers!

My Friend is a Realtor

 

‘My friend is a Realtor’: 7 killer comebacks

Comebacks that could help you snag clients

Teke Wiggin

May 23, 2016

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Key Takeaways

  • Choosing the right words could help you persuade a prospect to consider selecting you over a friend.

 

There are around two million active real estate agents in the U.S. That’s roughly equal to the combined number of active and reserve U.S. military personnel.

So it’s no wonder that agents must often confront a frustrating objection from prospective clients: “But my friend is a Realtor.”

The obligation that many buyers and sellers feel to hire their friends as agents has resulted in lost business for many qualified professionals. But if you choose your words carefully, you may be able to persuade prospects to consider hiring you instead of a friend — here are seven responses mined from a conversation in the Facebook group Lab Coat Agents.

  1. Offer to pay a referral feeto the friend

This provides some prospects with a way to hire a stranger instead of a friend without feeling guilty. Pairing the offer with a warning of the risks that can come with using a friend as an agent may further strengthen the proposal.

“How about we pay your friend a referral fee, and you get to keep your friend and also gain a great Realtor?” broker-associate Heather Edwards asks prospects who bring up their Realtor friends.

  1. Recommend the friend

Another approach is for agents to encourage prospects to hire their friend.

Heidi Powell takes this tack — so long as she knows the friend is a capable agent. “I’m sure she will be happy to hear from you! Please tell her I said, ‘Hello!,” she tells prospects.

Powell then calls the agent to inform the agent of her talk with the prospect.

“Pays dividends every time!” Powell said. “Because that is what I would want someone to say to my friend.”

  1. ‘But can your friend do this?

Then perform a silly trick. Broker Benjamin Floyd follows the question by using his nimble fingers to create the illusion that he’s detaching and then reattaching his thumb.

Another humorous response: “Now, you have two,” Realtor Lissa de Armas’ tells prospects.

Firing back “Fantastic, so do I!” is also an option. Broker Ankeney-Binkley quickly follows the one-liner with: “So, you are looking to buy? Sell?”

Showing a sense of humor right off the bat might lead a prospect to spend a little more time hearing you out.

 

7 ways to respond to ‘But my friend is a Realtor’

CLICK TO TWEET

 

  1. Are you sure you want to mix business with friendship?

Many agents point out that using a friend as an agent can potentially jeopardize the friendship if things go south.

“Is it worth losing your friendship if a deal gets difficult? There are always bumps in the road and it’s difficult to have an unbiased view if you have a previous relationship,” broker Michael Curtis says to prospects.

Broker Lauren Stratton notes that agents working with friends may not be able to “stand back from the situation and look at it as a professional and not personally.”

  1. Want your friend to know all about your finances?

Consumers may not immediately grasp that they’ll have to pull back the curtain on their finances to their agent. Bringing this to light may cause some consumers to rethink hiring a friend.

“So, are you prepared to share a fair amount of personal and financial information with your friend, that will definitely be exposed during the transaction?” asks agent Renee Kidwell-Drumm.

  1. Great! Want a second opinion?

Reminding prospects that getting a second opinion can probably only help is a way for agents to throw their hat into the ring.

After acknowledging that she also has friends who are agents, Realtor Veronica Saucedo then asks sellers if they’d be willing to spend the 15 to 20 minutes that it takes for her to explain her listing strategy.

“Great, meet with your friend and meet with me after,” Realtor Suneet Agarwal tells prospects.

  1. Ask about the friend’s credentials

If an agent has a competitive resume, she might want to ask prospects about their friend’s credentials.

“You know, it’s interesting that 20 percent of the Realtors do 80 percent of the business,” Realtor Christopher Cassidy tells prospects. “I’m fortunate to be in the top 20 percent of all agents based on production. Do you know where your friend ranks?”

Realtor Anne Meczywor asks a series of questions to highlight her pedigree.

They include: “That’s great! Is (s)he full time?; How many years has (s)he been in the business?; Is (s)he local, so that she knows this market, the lenders, the attorneys, the home inspectors, etc.?”

Ice Removal Guide

Ice Removal Guide

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Ready for Ice and Snow?

As we begin another potentially harsh winter, the time to understand how you can protect your home and property from the damage and danger of ice is NOW!

At Viewpoint Inspection, we want to help you steer clear of the hazards of winter. Our ice removal guide below can help you prepare in advance and avoid fighting store crowds to purchase ice removal supplies when the first storm is in the forecast.

Your Roof & Ice Dams – The Three W’s

What is an Ice Dam?

An “ice dam” is a ridge made of ice and snow on your roof. It forms when snow and ice melt, refreeze collect and, if the dam is large enough, can cause water to back up under the shingles and create a leak.

Where Do Ice Dams Form?

  • Develop on your roof after heavy snowfall when daytime temperatures are at, or slightly above, freezing, and night time temperatures are below freezing.
  • Form over unheated areas, such as eaves, porches, and attached garages, as well as above party walls and below skylights.
  • Commonly found on roofs with low slopes or roofs that change from a steep slope down to a low slope.

Ways to Prevent Ice Dams

The best way to prevent an ice dam is to keep the attic, and therefore the roof surface, cold enough to prevent snow from melting. There are three major preventative measures to consider:

  1. Add attic insulation
  2. Seal air leaks in the attic (i.e. attic access hatches and ceiling light fixtures)
  3. Improve attic ventilation

To Salt, or Not to Salt?

Ensuring your driveway and walkway are clear of ice and snow is imperative not only for your safety, but for the safety of others. Here are four natural de-icing methods you can use:

Salt:

  • The most common treatment used to eliminate ice
  • Cheap, effective, and easy to obtain
  • Corrosive, so it can damage human skin, pets’ paws, and its runoff can affect nearby plants and vegetation. It can also damage concrete and masonry

Urea

  • The second most common de-icer
  • A liquid, making it easy to apply to pathways, and more convenient to clean up, but can cause more damage to surrounding plants
  • Less convenient to purchase

Alfalfa Meal

  • A natural fertilizer, like urea, but it contains less nitrogen so it’s a bit less damaging
  • Provides traction for walking and driving due to its dry and grainy nature
  • Difficult to purchase

Sugar Beet Juice

  • Increasing in popularity as a method for de-icing
  • Lowers the freezing point of water and helps with de-icing
  • Colorless, odorless, and harmless
  • More expensive than its salty counterpart, and less convenient to purchase

As a professional inspection company, Viewpoint Inspection wants our friends to enjoy a safe, ice-free winter. From buyer and seller inspections to termite inspections and radon measurements, Viewpoint Inspection can assist you in all areas of property ownership.

New Merger

Hello everyone,

 

We have a Huge announcement to make to every one looking to sell or buy a home.

In the coming days we will be rolling out some really great tools for our clients.

You have all see our flyer below image that most Real Estate Agents don’t even come close to doing all we do and now we are adding even more.

Yes more to get your listing sold faster.  How much more you ask? A tone we will be releasing all the new feature of we we are adding since merging with BrokerRealty.com.

They have brought a tone of new services to our Buyers and Seller’s.

They work in Pennsylvania, Maryland, New York to just mention a few. But there adding in this like a website for your home just your home. But wait there is a tone more we will be rolling out over the next few weeks.

If you want to get your home listed and sold there is no time like now.

sell your home for top dollar