Buying a Home Archives - Sandra Meranda

November 15, 2017 by changescapeweb

The Dog House Rules: What Dog Owners Should Consider When Buying a Home

Photo Credit: Pixabay

Any dog owner will testify that one of the biggest charms to having a dog is knowing their excitement every time you come home. Of course, they become accustomed to your home, and when the time comes, moving can be hard on them, oftentimes disrupting the routine they have known for years or months. If you love your dog and are looking to buy a new home, you have a million things to consider, among those things is the well-being of your pet.

When the time comes to find a new place, there’s a lot to keep in mind. You’ll want to assess the layout of the home, consider your pet’s needs, and get to know your potential neighborhood before making a final decision.

On a Dog Scale of One to 10

So on a dog scale, how much does your neighborhood love dogs? There are a variety of ways to tell:

Do you see a few dog walkers around?
Do the dogs look friendly and socialized?
Are there pet stores in the vicinity?
A dog park?
Plenty of veterinary clinics and hospitals?
Does your house have a good-sized yard with protective fencing?

If you answer yes to all of these questions, your neighborhood probably scores close to a 10. This means your dog will have plenty of amenities to keep him safe and happy.

Depending on your dog’s needs also measure the following factors:

Does the house have a big enough yard for the needs of your pet?
Secure and high fencing?
Stairs?
A doggy door?

The Local Laws

Most states and localities still consider pets personal property. Because of this, the laws pertaining to pets and pet care are important to note; they can inform you best in the event that your dog gets loose or lost. Contact the local animal services or Humane Society to find out the restrictions on:

Dog registration and licensing
Vaccinations
Impounding
Leashes and dog walking

Dog Stress

The aptly named dog magazine The Bark suggests that dogs can suffer high levels of stress when their surroundings are shifting and changing around them. Don’t forget that your dog depends on you to feel safe and stable. Make sure you provide him some extra attention leading up to the move.

Before the Move

Try to keep his comfortable space in place so that he feels safe and guarded. Once you move in, don’t buy new bedding or toys. Cesar Milan warns to pack your dog’s bedding last, to help him feel a little more stable until the last possible moment. Transferring your dog’s toys and bedding to the new home will help make sure he maintains a level of familiarity.

During the Move

The actual move day can cause a tremendous amount of confusion, not just for your dog but also for you. There might be movers coming in, with the doors open, taking furniture, shifting rooms around. This can create additional stress for your dog. A great option is to remove your dog from the chaos and take him to a local kennel for boarding.

After the Move

The hard part comes when the move is over. As Life Hacker suggests, make sure your dog acclimates well so he doesn’t suffer from anxiety or stress in the new environment. The first couple of days are key:

Show your dog plenty of attention and time.
Keep your anxiety level in check too, as dogs respond to their owners.
Set up his sleeping area with his familiar bedding and toys.
Take him a dog for plenty of walks, let him follow you around the house, and shower him with play time.
If possible, avoid leaving him alone right away in the new house, maybe take a few days off work as you make him comfortable.

Buying a house is demanding enough, requiring time, effort, and patience. As a loving dog owner you want the best for your dog, and staying on top of a few details can save you lots of heartaches later. Keep your dog calm through the chaos of moving by remembering a few key things, giving them lots of love, and remaining vigilant to their behavior.

March 20, 2017 by changescapeweb

4 Things to Look for in a Home for Your Senior Years

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Your working days are over, you’ve got a comfortable nest egg, and you’re ready to sell your family home and move into a cozier abode so you can relax and enjoy your retirement. But do you know what you want out of your post-retirement home? Most seniors want to settle into a home they can stay in for the long haul, but few understand how to find a home that will remain livable as their needs evolve. Here are a few things to consider when you’re shopping for your forever home.

Single-Floor Living

If you’re shopping for a new home at 55, you’re probably not concerned about stairs or wide hallways just yet. However, it’s important to consider how your accessibility needs may change as you age. To ensure that you can maintain your independence throughout your life, look for a house or condo that integrates accessible living with good design.

One of the most important features is single-floor living. While you don’t need to restrict yourself to single-story homes, you should consider the fact that a temporary disability could leave you restricted to the main floor for an extended period. You should also look for features like stepless entrances, curbless showers, and zero-clearance thresholds. Regardless of whether you ever use a wheelchair or walker, features like these can reduce the risk of an accidental fall.

Low-Maintenance Homes

Even if you’re the rare person who enjoys yard work, there’s a good chance you won’t find it so pleasurable when you’re 80. For stress-free retirement living, skip the big backyard and instead look for housing with maintenance-free green space. This may mean a home that borders a park, a condo complex with landscaped grounds, or a rental where your landlord handles the lawn.

It’s a good idea to pare down your indoor square footage, too. Keeping up with housework becomes increasingly challenging as you age, and you don’t want to spend your retirement worrying about chores.

Access to Amenities

If you’ve lived in the same town for years, you probably have strong social and community ties that you’d like to maintain during your later life. And not without good reason — after all, social support is one of the biggest indicators of good health as you age. However, at some point you won’t be able to get around as easily, and you may even have to stop driving. When that happens, will you still be able to get to your church, library, or other community hub?

When you’re searching for a new home, consider skipping the suburbs and instead look for a home centrally located near shopping, restaurants, and public transportation. But don’t sacrifice security for convenience. Instead, find a neighborhood that balances safety with walkability so you can stay socially and physically active throughout retirement.

Retirement-Friendly Taxes

For seniors seeking a new destination to retire to, choosing a locale with retiree-friendly tax policies is a great way to free up more cash for leisure pursuits. Some states don’t tax certain sources of retirement income while others, like Florida, Washington, and South Dakota, skip the personal income taxes entirely. However, there are other taxes to consider. High property taxes can quickly eliminate what you save on income taxes, so be sure to factor in any prospective destination’s overall tax burden and cost of living.

There’s a lot to think about when you’re looking for a home that you can live in comfortably for the next 20 or 30 years, but there are realtors that specialize in helping seniors find a home that meets all their needs, both current and future. For help navigating the real estate market and finding the perfect home for your senior years, consult with a realtor who is trained as a Senior Real Estate Specialist or Certified Senior Housing Professional.

Article by Jim Vogel
jim@elderaction.org

Image via Unsplash by Scott Webb

P.S. Real estate is booming this Spring! Homes are selling fast & for the highest prices in years. It is never too early to get your home ready for the Spring/Summer market. It is a great time for buyers to call me to discuss the market also. Don’t miss
out on your dream home & interest rates are still low. Call me for details today!

December 14, 2016 by changescapeweb

Will 2017 be a buyer’s market or a seller’s market?

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Here’s what four economists had to say about whether 2017 is leaning toward buyers or sellers.

The consensus is?

Most economists we talked to said that overall, they thought 2017 was going to continue to be a strong market for sellers — for now.

“While I expect inventory levels to rise in 2017, it will likely remain a seller’s market,” said Matthew Gardner, chief economist at Windermere. “New construction will pick up steam in 2017, but not to levels that will provide sufficient support to a stretched housing market. Sellers will likely find that it will take a little longer to sell, but demand will still outstrip supply on the back of a job market that continues to tighten.”

Svenja Gudell, chief economist at Zillow, opined that “2017 is probably going to skew more toward the seller’s market — most markets will skew more toward seller’s markets, and even in the Midwest there are probably more seller’s markets than buyer’s markets compared to their own history.”

Geography does play a role, however, said Jonathan Smoke, chief economist at realtor.com.

“Ultimately, I do think it depends on where you are in the country — and not even at a market level,” Smoke said. “We’re seeing some clear patterns emerge within markets — one might be slowing down and cooling off where another part is really heating up. Real estate is so local that I would argue that a neighborhood view is really where you can see the differences and disparities and changes that are occurring around the country.”

Smoke noted that first-time buyers have been most successful in the Midwest this year, whereas markets in the West have seen the most significant price appreciation, making it difficult for first-time buyers to find success.

“We tend to have markets that are either above average in price expectation or sales expectation, and there aren’t many markets that have above-average expectations in both — supply constraint is driving the price movement in the strongest price markets, seller’s markets, but the buyer’s markets where buyers are getting a really affordable home, as a result, those markets are seeing a greater growth in sales,” Smoke explained.

“Either one is good for real estate,” he concluded.

Will we see a shift?

Gudell said that Zillow had just asked a panel of experts — more than 100 economists — “what they thought was going to happen to the tradeoff between buyers versus sellers.”

She said that among the economists surveyed, the most popular belief was that in 2018 or 2019, the bulk of markets will begin to shift from seller’s markets to buyer’s markets.

“In some markets, it’ll start to turn already in 2017, where demand isn’t quite so high and you get a little more inventory in and you have buyers better able to negotiate,” Gudell added.

What does the future buyer look like?

Mark Fleming, chief economist at First American, said that, “assuming an environment with modestly and predictably rising mortgage rates, it becomes a first-time homebuyer purchase-oriented marketplace.

“The question as a real estate agent is, how do you find and market to that first-time homebuyer?” asked Fleming. “Because that first-time homebuyer is going to be a young, technologically savvy millennial — and even more importantly, ethnically diverse. The demand for first-time housing is going to come from a different kind of individual than we’ve traditionally seen: Young, diverse, technologically savvy and much more likely to be college-educated.”

“The homeownership rate will grow, and they’ll be less white and a little younger,” said Gudell.

“Unfortunately, I think all of us will be spending more time in the car as more people have to look for more housing outside the city center as homes become much more expensive in the urban area,” she added. “During the recovery, it’s really picked up and the urban centers have appreciated much faster than the outerlying areas.”

“The potential is there for the market to have the most first-time buyers — certainly on an absolute volume basis, but also on a shared transactions perspective,” said Smoke.

“For the industry, this is the biggest shift we need to be able to contend with because it likely means elongated length of time that people are spending in that journey, especially the first-time buyer, but it potentially also means higher cancellation rates and lower conversion rates. You’re going to have more challenges with people contending with needing to qualify for and buy a home in the environment we’re in now than in the environment we were in the last two years.

“Highly qualified pent-up demand has been driving the market — now, it’s more organic activity at a time when interest rates are on the move-up,” he added. “The potential is there for an even bigger year than we’re forecasting, but it comes with challenges and that’s why we’re expecting only moderate growth instead of huge growth.”

“The thing about housing is that everybody needs it and you can’t outsource it,” said Fleming.

Article written by AMBER TAUFEN

https://www.inman.com/newsletter/brief-hedlines-tues-dec-13-2016/

P.S. Real estate is still booming this FALL! Homes are selling fast & for the highest prices in years. It is never too early to get your home ready for the Fall market or for next year. It is a great time for buyers to call me to discuss the market also.
Don’t miss out on your dream home & interest rates below 3.5%. Call me for details today!

December 1, 2015 by changescapeweb Leave a Comment

Why you shouldn’t wait for spring thaw to buy a home; The secret strategies of pricing

Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow.

After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home purchases.

Most of the households created over the past two years have been renting households, but based on U.S. Census data for the third quarter of this year, it appears that homeownership has started to recover.

This especially makes sense now that it is cheaper to own than rent in more than three-quarters of the counties in the U.S. And it’s not getting better— rents are rising year over year at twice the pace of listing prices. Meanwhile, mortgage rates remain at near record lows but appear poised to increase over the next year. And home prices are rising, too.

So if you qualify for a mortgage and have the funds for a down payment and closing costs—and if you intend to live in a home long enough to cover the transaction costs of buying and selling—you will be better off financially if you buy as soon as you can. After all, if you are tired of your current home now, you won’t feel better about it in six months.

The top factors driving home shoppers this summer were pent-up demand and recognition of favorable mortgage rates and home prices. These drivers will likely remain well into next year.

Yet demand for housing is extremely seasonal. In most markets in the country, we are conditioned to believe that we should buy homes in the spring and summer. So come each October, plans to purchase shift to the spring. While the school calendar and weather do influence the ideal time to move, many buyers would benefit from buying this fall and winter rather than waiting until next spring.

In October, the percentage of would-be buyers on realtor.com® saying that they intend to buy in seven to 12 months was the highest it has been all year and represented the largest time frame for purchase. Likewise, October produced the lowest percentage of would-be buyers saying they intend to buy in the next three months.

In other words, people’s stated plans point to a very strong spring for home sales. Great, right? But here’s the problem: Inventory isn’t likely to be higher in March and April than it is now. And while inventory should grow in late spring and into summer, it won’t grow as fast as the seasonal demand.

So, if you are ready, consider getting in the market now instead of early spring. You will have more choices and less competition, and you can lock in today’s rates rather than risk rates being 25 to 50 basis points higher. (A basis point is 0.01 percentage point.)

A 50 basis-point increase in rates (for example, from 4.05% to 4.55%) would cause monthly payments to be 6% higher. And that increase would not only affect your monthly cash flow but could also affect your ability to qualify.

So if you are considering buying a home this spring, it’s worth exploring the inventory now and reaching out to a local Realtor®. A new home could be the best gift you give yourself and your family this holiday season.

For more on this article from Realtor.com https://www.realtor.com/news/trends/reasons-to-buy-a-home-this-winter

P.S. Real estate is not slowing down yet this Fall! Homes are selling fast and for the highest prices in years! It is never too late to put your home on the market or for
buyers to call me to discuss the Fall & Winter market. Don’t miss out on your Dream Home, interest rates are still below 4%. Call me today for details!

September 9, 2015 by changescapeweb Leave a Comment

The First Time Home buyers Guide to Mortgage

As a first-time home buyer you will have a lot to deal with at first. Since applying for a first time mortgage loan can be a really overwhelming experience. If you want to have your first home to be an easier experience, you will need to be ready for the big day well ahead of time. There are a few questions you need to ask yourself before you move on with the actual purchase of your potential new home and moving in:

How much of a home can you really afford?

It is not quite uncommon to be able to qualify for a larger mortgage than you can really afford, but you would do well to borrow money with caution. Although it may seem like a lucrative opportunity to get a greater home than you can afford now, it will easily turn out as a serious mistake in the long run. Always make sure you have a good safety net in terms of your monthly budget so you won’t suffer financial woes at the end of the year. A mortgage calculator will help you out, but you would still do well to talk to your real estate agent to ensure you are fully aware of what you’re getting into.

How much mortgage can you afford to borrow?

There are quite a few things you need to consider, such as your overall monthly income, your credit history, employment and residence history as well as the size of the down payment. Depending on the circumstances involved, you may be given the opportunity to go beyond your safety margin, so be careful.

What will you need to pay up front?

There are some costs you will need to safely cover before you begin making your regular mortgage payments, such as closing costs, mortgage application fees, down payment and earnest money.
Mortgage application fees will include service fees, which may be flat fees covering 1-2% of the total final price of your property. There will also be credit report, appraisal and underwriting fees that may be added to the closing costs.
Earnest money is essentially the initial deposit that needs to be paid to the seller if the offer is accepted, showing your resolve to buy the property. Sometimes there are multiple bids on a property and the earnest money deposit you place may influence the decision of the seller, so keep that in mind.

Down payment is usually the best way you can get a better mortgage rate in the long run. Down payments can range up to 20% of the total cost of your potential new property, where 15-20% is the ideal range if you want to keep your mortgage low. Paying up front will help lower the interest of your mortgage further down the line.

Closing costs usually range from about 2-4% of the entire loan amount you will need to pay off. Closing costs may sometimes even be a part of the entire mortgage loan amount, meaning you will be paying them off as time goes by and you pay your mortgage the usual way. These may include mortgage application fees, attorney fees, surveys and inspections, insurance and more.

Home ownership expenses

There will be more you need to commit to once you have a home, since other expenses need to be figured into your calculations as well. Mortgage insurance will usually be needed for mortgages with down payments of less than 20%, home insurance, maintenance and utilities as well as property taxes will also need to be considered into your monthly balance. You should take all of these into account when you commit to a home mortgage and you end up moving house successfully.

Saving money and planning ahead

If you want to save up for your new home, then there are some things you can do to make it happen. For example, saving for a higher down payment will mean a much lower set of payment later down the line. Maintaining a reliable income will allow you to improve your standing with lenders. Combining your stated income with your spouse will allow you an additional advantage, as well as paying your bills on time for a good credit score. Limit your monthly budget as well for a better credit score in the long run. What you should be aiming at is a mortgage that is less than 28% of your total income for an optimal result. When all is said and done moving into your new home with a moving company will give you peace of mind, knowing your monthly expenses are under control.

Article provided by Ella A. on behalf of: wandsworthremovals.com

P.S. Real estate is still heating up for the Summer! Homes are selling fast and for the highest prices in years! It is never too late to put your home on the market or for buyers to call me to discuss the Summer & Fall market. Don’t miss out on your Dream Home, interest rates are still below 4%. Call me today for details!