Looking to save more money on your next new home? Kara Masterson from housecall outlines some really helpful ways to do so. If your interested in making your new home a mountain escape contact me and we can get you settled in Summit County and saving money! – Anne Skinner
Posted on Sep 30 2016 – 12:08pm by Housecall
By Kara Masterson
The process of buying a new home is stressful, even if you’ve already done it before. Looking at properties, researching areas, processing paperwork, etc., can all take a toll on your schedule and daily life. With all this going on, the last thing you should have to worry about is saving money when it actually comes time to buy the property. Use the following five tips for saving money on your next new home:
Always Use a Real Estate Agent
One of the biggest mistakes people make is trying to purchase a home without a licensed real estate agent. Places like Lisa Burridge & Associates Real Estate can be of immense help during the purchase process. Not only can an agent help with paperwork, but they’ll also know how to negotiate the price using fair market value, the actual condition of the home and other various factors.
Try Not to Pay PMI
Also known as private mortgage insurance, this is tacked on to your monthly payment if you buy a home with less than 20 percent. Some lenders will still offer standard mortgages with smaller down payments, but they’re increasingly hard to find. Save money by trying to save at least 20 percent for your home, or purchase a home that fits into a slightly smaller budget.
Reduce your Property Taxes
This is a very popular and often effective way to save money on a new home. If you think the assessed value of your home is too high, ask for a review. A different assessor will come out, perform an inspection and make any adjustments, if necessary. While this doesn’t always work, it’s worth a shot if you want to save as much money as possible.
Find Better Insurance Rates
Similar to auto insurance and health insurance, monthly property insurance premiums vary depending on the company that underwrites the policy. Spend time shopping around to different insurance companies until you find the one that offers an affordable rate that sufficiently covers your property.
Make Additional Monthly Payments
If your mortgage payment is low enough where you can consistently pay more each month, doing so could save you tens of thousands of dollars over the course of the mortgage and reduce the number of months you’ll need to pay.
There are a variety of methods consumers can use to save money, both upfront and during the course of their mortgage. To avoid financial issues in the future, always purchase a home that is within your set price range and never buy a home with zero money down; doing so will make it much harder for you to borrow against the property in the future.
I am constantly looking for ways to better myself as your Realtor and this past week I added another helpful certification to my name: Certified Negotiation Expert.
What this means for you is that I am extremely prepared to get you the best possible price on your next home or mountain escape. The course focused on these main topics and principles (From http://negotiationexpertise.com/courses/certified-negotiation-expert/)
- Competitive Win-Lose Hard Bargaining vs. Collaborative Win-Win Negotiating
- Psychology of Buying
- Persuasion Principles
- CNE Model and Planning Guide
- Case Studies
- Skill Practice/Role Plays
- Group Discussion Topics
Looking for your family’s mountain getaway? Contact Me
With the snow falling tonight, it’s official to say winter has arrived in Summit County. An article by Jamie Wiebe on Realtor.com outlines some great tips to keep your yard and landscape looking good even in the winter especially if you are selling.
Selling Your Home This Winter? You Can Still Make Your Yard Pop
Selling your home in the winter is hard enough without snow.
Add some frozen tundra or gray-brown slush, and you might be tempted to put that “For Sale” sign away until spring, when budding flowers and lush lawns entice buyers on their own. But waiting isn’t an option for everyone. If a job transfer or family circumstances have you on a tight timeline, you might be stuck trudging through the wintertime sell.
Don’t lose hope—winter can be a fabulous time to sell if you know how to capitalize on the market. High on the priority list: Know how to make your home stand out from all those other sad, cold houses on the block.
Winter landscaping is far from an oxymoron—it’s a necessity. Here are some easy solutions to improve the appearance of your snow-covered yard this winter.
Put in the work
Before you throw up your hands and call it a lost cause, remember this: To achieve a winter wonderland of a yard, the most important ingredient is some good old-fashioned sweat equity.
“Simple yard maintenance can go a long way,” says Steve Firlit, president of Firlit Landscape Design in Rochester, NY.
If the leaves are still falling, get out your rake; if it’s winter, make sure to neatly shovel your sidewalks, porch, and driveway. And don’t neglect your bushes and shrubs during the cold months—pruning them occasionally gives the landscape a “tidier, neater look,” Firlit says.
“If you’re making the effort to sell the house, put in a little bit of elbow grease,” he says. “You want to show off your landscaping on the front of the house.”
Dress up your garden beds
Your beds may not be filled with flowers, but that doesn’t mean they should look dreary. While adding mulch won’t help plants grow when the ground is frozen, it will give your garden a visual makeover and help you catch a buyer’s eye.
Firlit recommends re-edging your garden beds and giving them a light coating of mulch, covering up dead material and making the landscaping pop.
“It gives the appearance that the planting beds are kept up and neat-looking,” he says. “That goes a long way.”
Mix in color and greenery
Just because your flowers are dead for the season doesn’t mean your home’s exterior should be, too.
There are a number of hardy plants that can survive the winter. Some require forethought—shrubs such as the vibrant, red flowering quince need to be planted no later than fall, and the imposing boxwood requires time for growing and shaping. But others, such as Christmas greens, can be found at your local nursery and do well potted on porches.
Firlit suggests trying a seasonal wintertime arrangement. Winter greens such as holly and pine hold their color throughout the winter, which means you won’t be rushing out to refresh your plants every time your agent hosts an open house. Intertwine these with colorful fabric from a crafts store and dried flowers to create attention-grabbing arrangements.
“Color makes people feel warm and fuzzy,” says Firlit.
(Pro tip: Stop by your garden center shortly after Christmas to get some great deals on seasonal greenery.)
As the days get shorter, lighting up your home’s exterior becomes more important. Start with path lighting—which helps with navigation—and build up your lighting scheme to highlight your home’s best features.
“If you want the house to pop out from the roadside, temporary lighting can go a long way,” Firlit says.
Spotlight obvious focal points, and add small lighting at the bottom of your water features or showstopper trees such as the Japanese maple.
Don’t leave your home in the dark, either. If you’re lucky enough to have beautiful brick or stone veneer, Firlit recommends soft spotlights to highlight the architectural details.
“When you drive by along the road, it’ll grab you,” Firlit says.
When it comes to winter home sales, any method to attract the attention of prospective buyers is a worthy investment. Lights aren’t only a great idea—they’re a necessity.
Don’t ignore the backyard
After a big snowfall, we’re sure you at least try to keep your front yard in order, but when was the last time you took your shovel out back?
If you’re trying to sell your home during the snowy winter, this is a vital step. You should even consider hauling out your patio furniture during open houses to help visitors determine how they would use the space.
Sweep off other features, too, such as fountains, decorative paving, or the pool area. Mentioning them in the listing isn’t enough—if you want every advantage possible in a difficult winter market, you need to make buyers understand the glory of the home in the spring and summer.
“If there’s snow on the ground, it’s hard to visualize what’s underneath it,” Firlit says. “It’s one thing to show off the inside of the house, but families with kids or who want to entertain will want to see the landscaping.”
For original article visit Realtor.com