Lori Blank & Associates

08

Jul

Home Seller Tips

Sellers, Beware: Five Reasons You Might Not Get Top Dollar when You Sell Your Home (And How to Avoid Them)

For most people, their home is their largest asset, so they want to maximize that asset by getting top dollar when they sell. Here are a few reasons you might not get top dollar when you sell - and how to avoid them! Selling At The Wrong Time From early spring to late summer is home-buying season for most people, especially those with children. Putting your house on the market during this period is when you are likely to get top dollar for it. Early fall is also a good time to list your home. Winter - especially December -…

07

Jul

By Lori Blank

Market Outlook

What’s Ahead For Mortgage Rates This Week – July 7, 2014

Last week's economic news was mixed, but economic reports for Non-Farm Payrolls and the National Unemployment rate suggest a strengthening labor sector. Pending Home Sales surpassed expectations in May and conversely, construction spending was lower than expected. Here are the details. Pending Home Sales Reach Highest Level in Eight Months The National Association of REALTORS® reported that pending home sales in May rose by 6.10 percent over April's reading. May's reading was 5.20 percent lower than for May 2013. The index reading for May reached 103.9 as compared to April's index reading of 97.9. Results for all regions were positive…

03

Jul

By Lori Blank

Home Seller Tips

Feng Shui 101: How This Ancient Art Can Help Improve Your Home Staging

It's a buyer's market, making home selling a challenge that can range from relatively simple to downright frustrating. Boosting ones' chances of selling their home can be done in a number of ways. One simple way is to utilize the art of Feng Shui - an ancient Chinese practice, used to manipulate the flow of energy in your home. Feng Shui can be as inexpensive or as costly as you would like. Using what is already on hand is one way to keep it free, but sometimes a simple coating of paint on the front door or a few decorative…

02

Jul

By Lori Blank

Home Buyer Tips

Buying a House or Condo? Why the Home Inspection Process is One You Won’t Want to Skimp On

Once you have found that perfect home with the right price and every little feature you were hoping for, it's important to keep in mind that the home has been presented in a way that accentuates its highlights and shadows any flaws. For this reason, it is crucial that you get a home inspection before completing a purchase. Many sellers also have inspectors investigate the home in order to determine its sale value. As such, they should be aware that a prospective buyer will want to request an independent inspection to verify the findings. Reasons For Home Inspections If you…

01

Jul

By Lori Blank

Around The Home

Summer’s Coming: Why Adding a Pool to Your Home Can Drastically Increase Its Value (And Its Fun!)

Value is defined as the importance, worth or usefulness of something; to estimate the monetary worth of something. When the subject is a home, and what adds value to it, then breaking it down into its most common denominator is necessary. A family looking for a home decides that it has enough space, that there is room to expand perhaps, and that the home would be handy for entertaining guests. Adding a pool to the mix greatly improves the form and functionality of a home. Below, we'll explain why there are few home renovations or additions that add more value…

30

Jun

By Lori Blank

Market Outlook

What’s Ahead For Mortgage Rates This Week – June 30, 2014

Last week brought several economic and housing sector reports including Existing Home Sales, Case-Shiller and FHFA home prices for April, as well as New Home Sales. Freddie Mac's weekly mortgage rates survey and the weekly report on new jobless claims were released on Thursday, and Consumer Sentiment for June rounded out the week on Friday. Existing Home Sales Stronger than Expected! Good news came from the National Association of REALTORS® Existing Home Sales report for May, which reported 4.89 million previously owned homes sold on a seasonally-adjusted annual basis. Analysts had projected a seasonally-adjusted annual figure of 4.75 million existing…

27

Jun

By Lori Blank

Home Decorating

Low Budget Decorating Tips For Your Home

Don't despair if you are short on cash. You can still have a beautifully decorated home. Sometimes a little elbow grease is a decent replacement for extra cash, and other times you can get great deals by shopping around. You may even find the expensive item that you wanted for a great bargain. Indoors Simple things can mean a lot. You can change the entire look and feel of a room by just changing the window treatments. New drapes or blinds add warmth and appeal and will instantly give your home a fresh new look. If that's not enough, a…

26

Jun

By Lori Blank

Housing Analysis

A Guide to Selecting a Home and Property That Will Suit Your Growing Family

Both seasoned homeowners and first-time buyers know making the decision to purchase a new home is not one that is taken lightly. There are so many things to consider, from choosing a home with growth potential to finding a community to support a family's interests and lifestyle. While the decisions may seem endless, don't be discouraged. Develop a strategic approach to buying a home with our definitive guide to selecting a home and property that will suit a growing family's needs. Use this guide, along with advice from a trusted real estate professional in your area, to get started on…

25

Jun

By Lori Blank

Home Buying Tips

Getting Past No: What To Do If You’re Turned Down For A Mortgage Or Other Home Financing

Getting pre-approved for a mortgage loan is an integral part of having the ability to purchase a home in today's society. With most home prices well above what the majority of us have in the bank, getting approved for a mortgage can be the deal maker or breaker when it comes to purchasing a piece of property. Therefore, getting rejected for a mortgage can feel like a huge loss. The first thing to realize, however, is that there are action steps you can take to get to "yes." Here's what to do if you're turned down for a mortgage or…

24

Jun

By Lori Blank

Real Estate

Dos And Don’ts Of Buying Distressed Real Estate

Distressed real estate is real estate in need of serious repairs. These properties are often called "handyman specials." If you have the skill or the money to complete the repairs, you can often find great deals. Here are some dos and don'ts of buying distressed real estate. DO Get A Home Inspection Distressed homes need repairs. Some of these repairs, like broken floor tile, are easy to see. Others, like water damage in the attic, can be easily hidden. The only way to know for sure what you're buying is to have the property inspected by a professional home inspector.…