September, 2017 - Tips to keep your home safe
Fayette County, PA – Many homeowners consider their neighborhood safe, but every community experiences some level of crime. Homeowners can take a few steps to help keep their homes safe in every town.
“It’s always a good idea to be proactive,” said Fayette Board president, Jacqueline Fiano. “Whether your neighborhood has experienced minor vandalism or larger break-ins, you can take action to help prevent crime in the future.”
One of the most important steps is getting to know your neighbors, what type of cars they drive or if they are having a repairman at their home. “It can be as simple as knocking on their door to introduce yourself. There’s also a popular website called Nextdoor.com, which allows neighbors to connect with one another online,” Fiano said. “This allows neighbors to collaborate and keep their neighborhoods safe.”
“Keeping doors closed and locked at all times is a deterrent for many crimes and never open the door to anyone you don’t know,” she said. “Many auto break-ins involve an unlocked car. There are many cases of someone entering a garage with the door up when the owners are working in the backyard. It’s good practice to get into the habit of keeping doors locked whether you’re home or not.”
Trimming shrubbery around the doors and windows of a home helps maintain a safe area. Making sure the yard and walkways are well lit also provides additional safety.
“Be observant of suspicious people or vehicles in your neighborhood – even repairmen and workers and if their behavior seems out of the ordinary, notify the police,” Fiano added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“It’s always a good idea to be proactive,” said Fayette Board president, Jacqueline Fiano. “Whether your neighborhood has experienced minor vandalism or larger break-ins, you can take action to help prevent crime in the future.”
One of the most important steps is getting to know your neighbors, what type of cars they drive or if they are having a repairman at their home. “It can be as simple as knocking on their door to introduce yourself. There’s also a popular website called Nextdoor.com, which allows neighbors to connect with one another online,” Fiano said. “This allows neighbors to collaborate and keep their neighborhoods safe.”
“Keeping doors closed and locked at all times is a deterrent for many crimes and never open the door to anyone you don’t know,” she said. “Many auto break-ins involve an unlocked car. There are many cases of someone entering a garage with the door up when the owners are working in the backyard. It’s good practice to get into the habit of keeping doors locked whether you’re home or not.”
Trimming shrubbery around the doors and windows of a home helps maintain a safe area. Making sure the yard and walkways are well lit also provides additional safety.
“Be observant of suspicious people or vehicles in your neighborhood – even repairmen and workers and if their behavior seems out of the ordinary, notify the police,” Fiano added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
August, 2017 - Tips to Help Save on Energy Cost
Fayette County – Energy efficiency is an important feature many buyers consider when looking at a new home. There are simple changes to make sure a house is as energy efficient as possible.
“A buyer might want to check to see if an energy audit was performed on the house,” said Jacqueline Fiano, president of the Fayette Board of REALTORS®. “If one hasn’t been conducted, they can request one during the home inspection.”
There are other cost-effective steps to improve energy efficiency:
“While these changes aren’t as exciting as other home improvements, they do help reduce your costs,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“A buyer might want to check to see if an energy audit was performed on the house,” said Jacqueline Fiano, president of the Fayette Board of REALTORS®. “If one hasn’t been conducted, they can request one during the home inspection.”
There are other cost-effective steps to improve energy efficiency:
- Caulk and seal around entries into the house. Take the time to caulk and seal around windows, doors, plumbing lines and electrical wires. It takes time, but the benefits are worth it.
- Replace lighting with CFLs or LEDs. Old incandescent light bulbs use much more electricity and often homeowners forget to change a few of the lights in the house.
- Program the thermostat. Many homeowners don’t take advantage of their programmable thermostats. Using the programmable feature ensures the furnace isn’t heating the house while they’re gone.
- Check the temperature on the water heater. Homeowners can lower the temperature to 120 degrees on a tank water heater and it will maintain a certain amount of hot water throughout the day.
“While these changes aren’t as exciting as other home improvements, they do help reduce your costs,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
July, 2017 - Kitchen renovations help resale value
Fayette County – Kitchen improvements are one of the most appealing renovations homeowners can do to make their property more attractive to homebuyers.
“Some buyers may not consider a property if the kitchen is too dark and dated. Kitchen renovations not only help bring more offers on your home, they help you gain equity as well,” said Fayette Board of REALTORS® President Jacqueline Fiano. “Remodeling is also beneficial to the homeowner who may simply want to enjoy their home more.”
Kitchen remodeling can run the gamut from simple upgrades to a complete overhaul.
“The least expensive ways to freshen the look of your kitchen are with paint and new lighting,” Fiano said. “It doesn’t mean you have to paint the walls white, softer blues and greens also work. And avoid wallpaper, which often dates a home.”
Replacing cabinets can be a costly expense in kitchen remodeling. “The cabinets are often what appear the most dated with their style, color and fronts,” she said. “While you might be able to consider refinishing your cabinets, you should talk with a professional to determine if this strategy will work for your property or if you’d be better off with a full redesign and replacement.”
Countertops and the sink are worth considering, although homeowners should remember that granite isn’t the only choice. “Laminates are much more appealing today and should be considered,” she said. “And usually when the countertop is replaced, the sink must be as well.”
When it comes to appliances, ones that are not working need to be replaced. “The refrigerator upgrade is a noticeable one,” Fiano said. “Try to avoid having a collection of different colors of appliances and match new appliances to the existing ones.”
Flooring should be replaced, especially if it’s very worn or dated linoleum or vinyl.
“As always, consult with your Realtor® for recommendations on what changes will add the most value to your home and help you get the highest resale price,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Some buyers may not consider a property if the kitchen is too dark and dated. Kitchen renovations not only help bring more offers on your home, they help you gain equity as well,” said Fayette Board of REALTORS® President Jacqueline Fiano. “Remodeling is also beneficial to the homeowner who may simply want to enjoy their home more.”
Kitchen remodeling can run the gamut from simple upgrades to a complete overhaul.
“The least expensive ways to freshen the look of your kitchen are with paint and new lighting,” Fiano said. “It doesn’t mean you have to paint the walls white, softer blues and greens also work. And avoid wallpaper, which often dates a home.”
Replacing cabinets can be a costly expense in kitchen remodeling. “The cabinets are often what appear the most dated with their style, color and fronts,” she said. “While you might be able to consider refinishing your cabinets, you should talk with a professional to determine if this strategy will work for your property or if you’d be better off with a full redesign and replacement.”
Countertops and the sink are worth considering, although homeowners should remember that granite isn’t the only choice. “Laminates are much more appealing today and should be considered,” she said. “And usually when the countertop is replaced, the sink must be as well.”
When it comes to appliances, ones that are not working need to be replaced. “The refrigerator upgrade is a noticeable one,” Fiano said. “Try to avoid having a collection of different colors of appliances and match new appliances to the existing ones.”
Flooring should be replaced, especially if it’s very worn or dated linoleum or vinyl.
“As always, consult with your Realtor® for recommendations on what changes will add the most value to your home and help you get the highest resale price,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
June, 2017 - Curb Appeal Attracts Buyer
Fayette County – The exterior of a house makes a lasting first impression on potential homebuyers. It’s important to take the time to freshen the curb appeal.
“You want buyers to see a house that has been well-cared for when they first see the property,” said Fayette Board of REALTORS® President Jacqueline Fiano. “A little work and investment makes a world of difference and shows homebuyers that your home has been lovingly maintained.”
Fiano advises homeowners to look at their home with a fresh perspective. “Walk across the street and look at your house like someone else would. Is the paint on the shutters and door faded? Do you have overgrown shrubbery hiding the front of the house? These are things potential buyers will notice before they ever enter your home,” she said.
A new coat of paint helps a house appear well-maintained, especially areas faded over time. “You can also add color by incorporating one or two large pots with a distinct color like red or yellow, which are appealing to buyers,” she added.
A well-manicured lawn is also enticing to buyers. Create distinctive clean edges around the garden beds and walkways. A fresh layer of mulch gives the landscaping a professional appearance.
A thorough cleaning also makes the house shine. “Washing the windows and masonry give the property an extra boost,” she said. “Think about adding or upgrading your outdoor lighting to highlight the features of the house. You don’t want to make it look like a runway, but you do want to make the home look safe and inviting.”
“As you work with your Realtor®, be open to suggestions they make to help sell your home quicker. Their expertise will help you add value to your home,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“You want buyers to see a house that has been well-cared for when they first see the property,” said Fayette Board of REALTORS® President Jacqueline Fiano. “A little work and investment makes a world of difference and shows homebuyers that your home has been lovingly maintained.”
Fiano advises homeowners to look at their home with a fresh perspective. “Walk across the street and look at your house like someone else would. Is the paint on the shutters and door faded? Do you have overgrown shrubbery hiding the front of the house? These are things potential buyers will notice before they ever enter your home,” she said.
A new coat of paint helps a house appear well-maintained, especially areas faded over time. “You can also add color by incorporating one or two large pots with a distinct color like red or yellow, which are appealing to buyers,” she added.
A well-manicured lawn is also enticing to buyers. Create distinctive clean edges around the garden beds and walkways. A fresh layer of mulch gives the landscaping a professional appearance.
A thorough cleaning also makes the house shine. “Washing the windows and masonry give the property an extra boost,” she said. “Think about adding or upgrading your outdoor lighting to highlight the features of the house. You don’t want to make it look like a runway, but you do want to make the home look safe and inviting.”
“As you work with your Realtor®, be open to suggestions they make to help sell your home quicker. Their expertise will help you add value to your home,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
May, 2017 - Upsizing a Home to Meet Current and Future Need
Fayette County – Many homeowners begin with a house that perfectly fits their needs, but as their lives change, they consider upsizing their homes.
“That once ideal home becomes less than what’s needed when life happens,” said Fayette Board of REALTORS® President Jacqueline Fiano. “Marriage, children, pets and taking care of aging parents often necessitates upsizing to a larger property. When considering the new purchase, it’s important to keep in mind several things.”
“First, consider how much space you currently need and what are your future needs,” Fiano said. “Then take a look at your budget to see how much you can afford. There are online mortgage calculators that help you estimate how much house you can afford.”
Next consider where you want to be in the near future. “Your children may be infants now, but consider what type of neighborhood is conducive for children and where would you like them to attend school to help you narrow your choices,” she added.
Assess the reality of how much time can be devoted to house maintenance and repairs. “Purchasing a home that requires renovations may not be your cup of tea,” Fiano said. “Before purchasing a larger home that needs a lot of work, seriously consider if you have the time and money to do so.”
In addition, take serious stock in what works and what you don’t like in your current location. “Does your home need more living space? More closets? Does your family require more bedrooms? Taking a full inventory of your current home helps you direct your focus to your future home needs,” she added. “Using a Realtor® throughout the process will help you access your needs and focus on finding the home of your dreams.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“That once ideal home becomes less than what’s needed when life happens,” said Fayette Board of REALTORS® President Jacqueline Fiano. “Marriage, children, pets and taking care of aging parents often necessitates upsizing to a larger property. When considering the new purchase, it’s important to keep in mind several things.”
“First, consider how much space you currently need and what are your future needs,” Fiano said. “Then take a look at your budget to see how much you can afford. There are online mortgage calculators that help you estimate how much house you can afford.”
Next consider where you want to be in the near future. “Your children may be infants now, but consider what type of neighborhood is conducive for children and where would you like them to attend school to help you narrow your choices,” she added.
Assess the reality of how much time can be devoted to house maintenance and repairs. “Purchasing a home that requires renovations may not be your cup of tea,” Fiano said. “Before purchasing a larger home that needs a lot of work, seriously consider if you have the time and money to do so.”
In addition, take serious stock in what works and what you don’t like in your current location. “Does your home need more living space? More closets? Does your family require more bedrooms? Taking a full inventory of your current home helps you direct your focus to your future home needs,” she added. “Using a Realtor® throughout the process will help you access your needs and focus on finding the home of your dreams.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
April, 2017 - April Marks Fair Housing Month
Fayette County - Homeownership is becoming more reflective of the growing diverse populations within Pennsylvania. The Fair Housing Act, which is recognized in April, works to protect both multicultural clients as well as Realtors® who serve this expanding market.
“The Fair Housing Act prohibits discrimination based on race, color, national origin, religion, sex, familial status or disability,” said Fayette Board of RELATORS® President Jacqueline Fiano. “The National Association of Realtors®’ Code of Ethics also supports equal opportunity on the basis of sexual orientation and gender identity.”
As homebuyers look for information about a neighborhood they’re interested in, they may think their Realtor® should discuss information such as school districts, crime statistics, or the ethnic make-up of a neighborhood.
“I know many times a client may ask for details regarding a school near the house they’re looking at,” Fiano said. “The federal Fair Housing Act and the state fair housing laws prohibit Realtors® from discussing this type of information to avoid the potential of steering to or away from a specific neighborhood. Consumers should look for online resources regarding school district attributes or the safety of an area to help them decide which neighborhood best meets their needs.”
“Ultimately, buying and selling a home are some of the most significant events in a person’s lifetime,” she added. “Research shows that owning a home impacts the economic future of homeowners. And, as Realtors®, we believe people have a right to live wherever they can afford to live.”
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at phrc.pa.gov.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“The Fair Housing Act prohibits discrimination based on race, color, national origin, religion, sex, familial status or disability,” said Fayette Board of RELATORS® President Jacqueline Fiano. “The National Association of Realtors®’ Code of Ethics also supports equal opportunity on the basis of sexual orientation and gender identity.”
As homebuyers look for information about a neighborhood they’re interested in, they may think their Realtor® should discuss information such as school districts, crime statistics, or the ethnic make-up of a neighborhood.
“I know many times a client may ask for details regarding a school near the house they’re looking at,” Fiano said. “The federal Fair Housing Act and the state fair housing laws prohibit Realtors® from discussing this type of information to avoid the potential of steering to or away from a specific neighborhood. Consumers should look for online resources regarding school district attributes or the safety of an area to help them decide which neighborhood best meets their needs.”
“Ultimately, buying and selling a home are some of the most significant events in a person’s lifetime,” she added. “Research shows that owning a home impacts the economic future of homeowners. And, as Realtors®, we believe people have a right to live wherever they can afford to live.”
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at phrc.pa.gov.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
March, 2017 - Seasonal repairs help maintain home’s value
Winter can be tough on a home, causing seasonal damage that should be addressed in the warmer weather, according to Jacqueline Fiano, president of the Fayette Board of REALTORS®.
“It’s important to do an assessment of your home after the snow melts and the temperatures begin to rise,” Fiano said. “Sometimes, the damage isn’t immediately visible without a close inspection.”
Fiano recommends a top-down approach. “Inspect the roof for loose or missing shingles, as well as the chimney, to avoid future leaks,” she says. “It’s also important to clean and repair gutters, removing debris and making sure they’re still attached. This can also allow water to seep into your home.”
Take time to carefully inspect the home’s siding, which may have come away from the home. Also, look at windows and doors to insure there’s a seal to ensure it’s watertight.
“People often avoid patching cracks in sidewalks and driveways,” Fiano said. “But repairing cracks can help keep water out and prevent further damage.”
“Making needed repairs helps owners to enjoy their property more and it maintains a property that’s attractive to future buyers,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“It’s important to do an assessment of your home after the snow melts and the temperatures begin to rise,” Fiano said. “Sometimes, the damage isn’t immediately visible without a close inspection.”
Fiano recommends a top-down approach. “Inspect the roof for loose or missing shingles, as well as the chimney, to avoid future leaks,” she says. “It’s also important to clean and repair gutters, removing debris and making sure they’re still attached. This can also allow water to seep into your home.”
Take time to carefully inspect the home’s siding, which may have come away from the home. Also, look at windows and doors to insure there’s a seal to ensure it’s watertight.
“People often avoid patching cracks in sidewalks and driveways,” Fiano said. “But repairing cracks can help keep water out and prevent further damage.”
“Making needed repairs helps owners to enjoy their property more and it maintains a property that’s attractive to future buyers,” she added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
February, 2017 - Realtors® help their clients reach their real estate goals
Buying and selling a home in today’s real estate market involves dozens of steps to complete the transaction and a Realtor® can help you navigate the process, according to Jacqueline Fiano, president of the Fayette Board of REALTORS®.
“Realtors® work through the real estate transaction process daily and know how it affects the interests of their clients and customers,” Fiano said. “We know how to position a home for sale, negotiate contract terms, manage inspections and ensure a smooth settlement.”
Realtors® have professional knowledge of the local real estate market and use that expertise to help their clients reach their real estate goals.
“We know what matters to buyers and sellers in their local markets,” Fiano said. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”
What sets Realtors® apart from real estate agents is their adherence to the National Association of Realtors® Code of Ethics. The Code is more than 100 years old and is a comprehensive document that outlines professional responsibilities owed to clients, customers, other Realtors® and the general public. Consumers can read more about the Code and how it benefits them at nar.realtor/code-of-ethics.
“Nearly nine out of 10 buyers and sellers who use a real estate professional said they would use the same again or recommend that agent to others,” she added.
The Fayette Board of REALTORS® is the voice for real estate Fayette County
“Realtors® work through the real estate transaction process daily and know how it affects the interests of their clients and customers,” Fiano said. “We know how to position a home for sale, negotiate contract terms, manage inspections and ensure a smooth settlement.”
Realtors® have professional knowledge of the local real estate market and use that expertise to help their clients reach their real estate goals.
“We know what matters to buyers and sellers in their local markets,” Fiano said. “Realtors® have the expertise and experience to help sellers protect their investment and help buyers build theirs.”
What sets Realtors® apart from real estate agents is their adherence to the National Association of Realtors® Code of Ethics. The Code is more than 100 years old and is a comprehensive document that outlines professional responsibilities owed to clients, customers, other Realtors® and the general public. Consumers can read more about the Code and how it benefits them at nar.realtor/code-of-ethics.
“Nearly nine out of 10 buyers and sellers who use a real estate professional said they would use the same again or recommend that agent to others,” she added.
The Fayette Board of REALTORS® is the voice for real estate Fayette County
January, 2017 - Homeownership matters for social and economic reasons
Homeownership is often called the American Dream. The benefits of owning a home go beyond providing a place to live; they include social and economic advantages as well.
“Owning a home is one of the best ways to build financial security over the long term,” said Fayette Board of REALTORS® President Jackie Fiano. “Homeownership provides both equity accumulation and tax benefits over time.”
A homeowner’s net worth is about 36 times that of a renter’s, according to the most recent data from the Federal Reserve Board. The median net worth is nearly $200,000 for owners versus just over $5,000 for renters.
“Not only do homeowners reap mortgage tax deduction benefits, they also find that long term, buying is cheaper than renting,” said Fiano. “In the first few years, it may be cheaper to rent but over time, you will eventually be paying less interest and lower payments. And more importantly, you’re paying to own your home, not paying to rent someone else’s property.”
Research has shown that homeownership also provides important social benefits as well. “Owning a home not only provides shelter and security to families,” said Fiano. “It also strengthens communities and encourages involvement because homeowners move less frequently than renters and are more rooted in the community.”
In addition, research shows that homeownership helps prevent crime, improves childhood education and supports neighborhood upkeep.
“Realtors® know that owning a home is an investment in your future,” she said. “And we believe that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue their dream of homeownership.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Owning a home is one of the best ways to build financial security over the long term,” said Fayette Board of REALTORS® President Jackie Fiano. “Homeownership provides both equity accumulation and tax benefits over time.”
A homeowner’s net worth is about 36 times that of a renter’s, according to the most recent data from the Federal Reserve Board. The median net worth is nearly $200,000 for owners versus just over $5,000 for renters.
“Not only do homeowners reap mortgage tax deduction benefits, they also find that long term, buying is cheaper than renting,” said Fiano. “In the first few years, it may be cheaper to rent but over time, you will eventually be paying less interest and lower payments. And more importantly, you’re paying to own your home, not paying to rent someone else’s property.”
Research has shown that homeownership also provides important social benefits as well. “Owning a home not only provides shelter and security to families,” said Fiano. “It also strengthens communities and encourages involvement because homeowners move less frequently than renters and are more rooted in the community.”
In addition, research shows that homeownership helps prevent crime, improves childhood education and supports neighborhood upkeep.
“Realtors® know that owning a home is an investment in your future,” she said. “And we believe that anyone who is able and willing to assume the responsibilities of owning a home should have the opportunity to pursue their dream of homeownership.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
December, 2016 - Remodeling projects can add value to a home
Click here to edit Taking on a home remodeling project is more than choosing a new color for the walls. Homeowners should consider what projects protect their investment.
“Consider talking with a Realtor® when contemplating a remodeling project,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Realtors® have invaluable insights into what sells a home. They visit hundreds of home with buyers each year and have a unique understanding of what homebuyer’s value when they choose a home.”
According to the National Association of Realtors®’ 2015 Remodeling Cost vs. Value Report, Realtors® rated exterior replacement projects and smaller-scale improvements among the most valuable home improvement projects. “A majority of the top-10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects, like a steel-entry door replacement, siding and window replacements,” Shaffer said.
The survey showed that top interior projects for resale value include a minor kitchen remodel and an attic bedroom. “These remodeling projects are expected to return more than 77 percent of costs when the home is sold,” she added.
The NAR’s Profile of Buyers’ Home Feature Preferences revealed that today’s buyers want air conditioning, walk-in closets and homes that are wired for Internet, cable and satellite TV. Buyers are willing to spend more money for are a laundry room and a den/home office.
Preferences for home features vary in regions throughout the country. “In the northeast, homebuyer’s top preferences include hardwood floors and a home with a dining room,” Shaffer said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
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“Consider talking with a Realtor® when contemplating a remodeling project,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Realtors® have invaluable insights into what sells a home. They visit hundreds of home with buyers each year and have a unique understanding of what homebuyer’s value when they choose a home.”
According to the National Association of Realtors®’ 2015 Remodeling Cost vs. Value Report, Realtors® rated exterior replacement projects and smaller-scale improvements among the most valuable home improvement projects. “A majority of the top-10 most cost-effective projects nationally in terms of value recouped are exterior replacement projects, like a steel-entry door replacement, siding and window replacements,” Shaffer said.
The survey showed that top interior projects for resale value include a minor kitchen remodel and an attic bedroom. “These remodeling projects are expected to return more than 77 percent of costs when the home is sold,” she added.
The NAR’s Profile of Buyers’ Home Feature Preferences revealed that today’s buyers want air conditioning, walk-in closets and homes that are wired for Internet, cable and satellite TV. Buyers are willing to spend more money for are a laundry room and a den/home office.
Preferences for home features vary in regions throughout the country. “In the northeast, homebuyer’s top preferences include hardwood floors and a home with a dining room,” Shaffer said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
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The Fall Harvest Auction held on October 13th, was a huge success!
Thank you to all the members and offices that made donations to the auction &
to the members that bid on and purchased items.
We were able to raise $1,100.00 to benefit the Fayette County Children & Youth Services.
Thank you to all the members and offices that made donations to the auction &
to the members that bid on and purchased items.
We were able to raise $1,100.00 to benefit the Fayette County Children & Youth Services.
November, 2016 - Seasonal maintenance helps preserve property values
Uniontown – Cooler temperatures and colorful leaves signal it’s time to make some small home repairs that could make a big difference once frigid temperatures hit.
“Fall is a great time to create a checklist for your home,” said Fayette Board of REALTORS® President Paula Shaffer. “Taking the time now to address minor issues could save homeowners money when more severe weather hits.”
Some of the critical repairs to consider:
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Fall is a great time to create a checklist for your home,” said Fayette Board of REALTORS® President Paula Shaffer. “Taking the time now to address minor issues could save homeowners money when more severe weather hits.”
Some of the critical repairs to consider:
- Maintenance to the furnace – Have the furnace checked and cleaned by a qualified maintenance person, which will keep costs down and help it run more efficiently. It also makes sure the air quality is good.
- Test smoke detectors and carbon monoxide detectors – Ensure both are operating and replace their batteries.
- Schedule chimney cleaning - Have chimneys cleaned by an experienced chimney sweep to prevent the risk of a fire from buildup or blockages.
- Check roof and gutters - Clean out the gutters and inspect the roof for missing, loose or damaged shingles and leaks to help prevent winter weather damage.
- Winterize plumbing - Remove hoses and shut off water in exterior pipes to protect against freezing.
- Shut out drafts - Seal cracks and gaps in windows and doors with caulk or weather stripping; replace if necessary. Swap old, drafty windows for more energy-efficient models.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
October, 2016 - Survey shows what homebuyers consider important in real estate transaction
Uniontown – More Pennsylvania homebuyers are searching for a home online, but they should be sure they’re using a reputable site and working with a professional to help navigate the real estate transaction. A recent Welcome Home survey of new homebuyers in the commonwealth, conducted for the Pennsylvania Association of Realtors®, showed nearly 60 percent used an online search.
“It’s helpful for buyers to get a sense of what their needs are and what they can afford by viewing homes on sites like realtor.com®, but there’s more to the transaction that choosing a home,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “A Realtor® can help them understand the entire transaction and all that it entails.”
The Welcome Home survey has been conducted quarterly with recent homebuyers over the last year. A majority of those responding to the survey expect to live in their newly-purchased home for more than 25 years.
“As consumers look for a home, they should consider their immediate needs, as well as what needs they may have in the next five to 10 years,” Shaffer said. “Some things to consider are how far they want to travel to work, do they want to live close to their family, is outdoor recreation important, how many bedrooms are needed and more. It’s beneficial to review all of these needs before beginning their search.”
While one in four buyers are able to purchase their home with cash, many homebuyers are using financial options, and find it the most stressful part of the transaction.
“Financing can be complicated and worrisome,” Shaffer said. “Working with a professional can help a homebuyer understand the various steps in going through the mortgage application process.”
For more information about the Welcome Home survey, visit parealtor.org.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“It’s helpful for buyers to get a sense of what their needs are and what they can afford by viewing homes on sites like realtor.com®, but there’s more to the transaction that choosing a home,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “A Realtor® can help them understand the entire transaction and all that it entails.”
The Welcome Home survey has been conducted quarterly with recent homebuyers over the last year. A majority of those responding to the survey expect to live in their newly-purchased home for more than 25 years.
“As consumers look for a home, they should consider their immediate needs, as well as what needs they may have in the next five to 10 years,” Shaffer said. “Some things to consider are how far they want to travel to work, do they want to live close to their family, is outdoor recreation important, how many bedrooms are needed and more. It’s beneficial to review all of these needs before beginning their search.”
While one in four buyers are able to purchase their home with cash, many homebuyers are using financial options, and find it the most stressful part of the transaction.
“Financing can be complicated and worrisome,” Shaffer said. “Working with a professional can help a homebuyer understand the various steps in going through the mortgage application process.”
For more information about the Welcome Home survey, visit parealtor.org.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
September, 2016 - Proactive Steps Help Keep Property Safe During Sale Process
Fayette County – Taking the proper safety precautions can keep homeowners and their valuables safe during the sale of their home.
“Listing a home for sale can be intimidating to many sellers. Working closely with your Realtor® can help alleviate some of the anxiety,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “When you advertise a property for sale or place a yard sign, it can attract unwanted attention. Planning ahead and taking a few protective steps can help deter theft.”
Homeowners can take a few simple steps to ensure safe home showings:
“I encourage everyone to trust their instincts,” she added. “If someone visiting the home makes you uncomfortable by the way they behave, stay alert. If they’re asking questions about your habits or schedule, try to change the subject.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
“Listing a home for sale can be intimidating to many sellers. Working closely with your Realtor® can help alleviate some of the anxiety,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “When you advertise a property for sale or place a yard sign, it can attract unwanted attention. Planning ahead and taking a few protective steps can help deter theft.”
Homeowners can take a few simple steps to ensure safe home showings:
- Remove all prescription medications from the home.
- Lock up valuable belongings and personal information.
- Secure windows and doors before and after showings.
- Protect privacy by removing family photos.
- Keep records of your guests’ identities.
- Consider additional security measures, like an alarm system or a video camera.
“I encourage everyone to trust their instincts,” she added. “If someone visiting the home makes you uncomfortable by the way they behave, stay alert. If they’re asking questions about your habits or schedule, try to change the subject.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
August, 2016 - Downsizing decisions can be emotional
Fayette County – The difficult decision of whether or not to downsize can be a challenging one. Many are emotionally attached to their homes, where they began a journey with a new spouse or young children. There are several important issues to consider when making the decision.
“As our lives change, it’s important for homeowners to consider what their housing needs are, and ask themselves if their current location is too large for their needs, and if the current location is convenient,” said Fayette Board of REALTORS® President Paula Shaffer.
Homeowners will likely save money by downsizing to a smaller home, however they need to consider the costs of moving. “Sometimes when downsizing, unexpected costs arise, like buying furniture more suitable for your new home,” Shaffer said. “In addition, if you’re in a hurry to get rid of belongings, it may end up costing you money. Start early to de-clutter your current home and look for a reputable antique and second-hand dealer to sell your valuable possessions.”
Homeowners should begin looking for a new home that meets their lifestyle and income. “You want to find something that’s more economical and that’s suitable for your lifestyle,” Shaffer said. “Many people consider a townhouse or condo because of the low maintenance and convenience. You should keep in mind that these properties are managed by homeowners’ associations, which collect monthly fees for maintenance services.”
“Working with a Realtor® can help you choose a neighborhood that best meets your needs,” she added. “Do you want to be able to walk to activities? Is there easy parking for your car? Is it important to be close to your grandchildren? There are so many questions to consider when looking to successfully downsize.”
“As our lives change, it’s important for homeowners to consider what their housing needs are, and ask themselves if their current location is too large for their needs, and if the current location is convenient,” said Fayette Board of REALTORS® President Paula Shaffer.
Homeowners will likely save money by downsizing to a smaller home, however they need to consider the costs of moving. “Sometimes when downsizing, unexpected costs arise, like buying furniture more suitable for your new home,” Shaffer said. “In addition, if you’re in a hurry to get rid of belongings, it may end up costing you money. Start early to de-clutter your current home and look for a reputable antique and second-hand dealer to sell your valuable possessions.”
Homeowners should begin looking for a new home that meets their lifestyle and income. “You want to find something that’s more economical and that’s suitable for your lifestyle,” Shaffer said. “Many people consider a townhouse or condo because of the low maintenance and convenience. You should keep in mind that these properties are managed by homeowners’ associations, which collect monthly fees for maintenance services.”
“Working with a Realtor® can help you choose a neighborhood that best meets your needs,” she added. “Do you want to be able to walk to activities? Is there easy parking for your car? Is it important to be close to your grandchildren? There are so many questions to consider when looking to successfully downsize.”
July, 2016 - Smart home devices help reduce costs and promote safety
Uniontown – Smart home features save homeowners time and money, according to several industry surveys.
“You may hear people talking about the internet of things, which is basically referring to everyday items like lights, thermostats and locks that are able to connect to the internet and to each other,” said LOCAL Paula Shaffer, president of the Fayette Board of REALTORS®. “Connecting these devices to a smart hub allows them to work together to automatically perform tasks.”
Smart devices include:
Most industry research claim that smart thermostats result in a 10 to 12 percent savings on heating bills and a 15 percent on cooling bills. Utilities and insurance companies often offer reduced rates and rebates for homes that have smart alarms, smoke detectors and security cameras.
“This technology is still new and its effect on home prices is still being evaluated,” Shaffer added. “We see a majority of millennial homeowner say they would spend more to make their home smart.”
The National Association of Realtors® has established CRT Labs to study the internet of things, smart home and renewable energy technology as well as other emerging technology areas in order to understand the impact on real estate.
“You may hear people talking about the internet of things, which is basically referring to everyday items like lights, thermostats and locks that are able to connect to the internet and to each other,” said LOCAL Paula Shaffer, president of the Fayette Board of REALTORS®. “Connecting these devices to a smart hub allows them to work together to automatically perform tasks.”
Smart devices include:
- < >, which allow homeowners to control the home temperature remotely and monitor usage.< >, which allow homeowners to control who has access to the home, even when the homeowner is off site.< >, which can be adjusted from a smart phone and set on a schedule.< >, which allow homeowners to control items plugged into the outlets and allow tracking of energy consumption.< >, which can alert of intruders, record video and set off a siren.Smoke and carbon monoxide alarms, which can alert of increased levels of carbon monoxide or the presence of smoke.
Most industry research claim that smart thermostats result in a 10 to 12 percent savings on heating bills and a 15 percent on cooling bills. Utilities and insurance companies often offer reduced rates and rebates for homes that have smart alarms, smoke detectors and security cameras.
“This technology is still new and its effect on home prices is still being evaluated,” Shaffer added. “We see a majority of millennial homeowner say they would spend more to make their home smart.”
The National Association of Realtors® has established CRT Labs to study the internet of things, smart home and renewable energy technology as well as other emerging technology areas in order to understand the impact on real estate.
June, 2016 - Staging a house helps potential buyers visualize living in the home
Uniontown – Preparing a home to sell before it’s listed can greatly reduce the time on the market. Simple staging can make a house look better than other houses on the market.
“Staging shows your home in the best possible light,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “By re-arranging furniture and removing personal items, it allows potential buyers to imagine themselves in the house.”
Shaffer recommends a few steps outside the house. “Take an objective look at your home and imagine someone seeing it for the first time. Are there dying shrubs in the front of your home? Do you see garbage cans? These are the types of things that will keep potential buyers from going further into the home,” she said. “That first impression of the curb appeal is essential to buyers.”
Inside the home, Shaffer suggests clearing all unnecessary objects from every room. “Removing items and some furniture helps to make rooms appear larger.”
Other simple ways to ready a house for selling include: paint rooms that need it, clean carpet and draperies, clean windows, remove personal photographs from rooms and store extra possessions in a storage unit.
“Viewing your home as if it’s the first time you’ve seen it helps you to see what needs to be done to make your house ready for a sale,” Shaffer said. “The time and money you invest to make these changes usually help you get closer to your listing price and result in a quicker sale.”
“Staging shows your home in the best possible light,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “By re-arranging furniture and removing personal items, it allows potential buyers to imagine themselves in the house.”
Shaffer recommends a few steps outside the house. “Take an objective look at your home and imagine someone seeing it for the first time. Are there dying shrubs in the front of your home? Do you see garbage cans? These are the types of things that will keep potential buyers from going further into the home,” she said. “That first impression of the curb appeal is essential to buyers.”
Inside the home, Shaffer suggests clearing all unnecessary objects from every room. “Removing items and some furniture helps to make rooms appear larger.”
Other simple ways to ready a house for selling include: paint rooms that need it, clean carpet and draperies, clean windows, remove personal photographs from rooms and store extra possessions in a storage unit.
“Viewing your home as if it’s the first time you’ve seen it helps you to see what needs to be done to make your house ready for a sale,” Shaffer said. “The time and money you invest to make these changes usually help you get closer to your listing price and result in a quicker sale.”
May, 2016 - Understand the financial implications before purchasing a house
Uniontown – Buying a home has become increasingly more complex, particularly understanding the financial implications and associated fees.
“Buyers should carefully evaluate their finances before beginning the search for a home,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “They should look at their income, savings and credit report and collect documentation of income and cash available to prepare for the mortgage application process. Sometimes it’s the additional, unexpected fees that cause troubles in the transaction.”
Federal regulations were recently implemented to help consumers understand the mortgage process and prevent surprises at the closing table. The changes have created a new form that outlines the loan terms and costs to aid consumers in shopping for a mortgage. The loan estimate form must be provided to consumers no later than three days after they submit a loan application and the closing disclosure form must be received by buyers at least three business days before the loan closing.
“Understanding things like ‘earnest money,’ escrow requirements, origination fees and inspection costs help consumers have a better expectation about the costs of buying a home,” Shaffer said. “Each of these costs adds a little more to the transaction and are often not things the consumer thinks about when weighing the costs of buying a home.”
Ideally, buyers should have 20 percent of the purchase price saved as a down payment, and expect that closing costs average between 2 and 7 percent of the home price.
“Homeownership offers immediate benefits and long-term value,” Shaffer adds. “It helps build wealth over the long term, strengthens communities and has been shown to reduce crime, improve education and increase community involvement. A Realtor® can help buyers stay focused on the financial issues that are most important during the transaction.”
“Buyers should carefully evaluate their finances before beginning the search for a home,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “They should look at their income, savings and credit report and collect documentation of income and cash available to prepare for the mortgage application process. Sometimes it’s the additional, unexpected fees that cause troubles in the transaction.”
Federal regulations were recently implemented to help consumers understand the mortgage process and prevent surprises at the closing table. The changes have created a new form that outlines the loan terms and costs to aid consumers in shopping for a mortgage. The loan estimate form must be provided to consumers no later than three days after they submit a loan application and the closing disclosure form must be received by buyers at least three business days before the loan closing.
“Understanding things like ‘earnest money,’ escrow requirements, origination fees and inspection costs help consumers have a better expectation about the costs of buying a home,” Shaffer said. “Each of these costs adds a little more to the transaction and are often not things the consumer thinks about when weighing the costs of buying a home.”
Ideally, buyers should have 20 percent of the purchase price saved as a down payment, and expect that closing costs average between 2 and 7 percent of the home price.
“Homeownership offers immediate benefits and long-term value,” Shaffer adds. “It helps build wealth over the long term, strengthens communities and has been shown to reduce crime, improve education and increase community involvement. A Realtor® can help buyers stay focused on the financial issues that are most important during the transaction.”
April, 2016 - April is Fair Housing Month
April marks the 48th anniversary of the Fair Housing Act, which prohibits discrimination concerning the sale, rental and financing of housing based on race, religion, national origin and sex. Fair housing laws at the national, state and local levels ensure that everyone has access to buy, sell, rent or mortgage a home, without regard to their age, ancestry, color, disabilities, familial status, national origin, race, religion or sex.
Realtors® strive to build communities and help everyone achieve the American dream of homeownership.
“We’re seeing an increasingly multicultural future and fair housing laws help protect consumers in this expanding market,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Realtors® strongly support the Fair Housing Act. In fact, our National Association of Realtors®’ Code of Ethics includes fair housing standards and prohibits discrimination, and as Realtors®, we’re obligated to adhere to this code.”
There is still a disparity between white and minority homeownership rates. While more than 72 percent of white households own their home, 42 percent of African American and fewer than 47 percent of Hispanic households own their homes, according to the National Association of Realtors®.
“Realtors® strive to preserve and expand housing opportunities within their communities,” Shaffer said. “We want to assist everyone in finding the home that best meets their needs.”
Sometimes consumers may be looking for additional information regarding crime statistics, a school district or the ethnic make-up of a neighborhood.
“Realtors® are prohibited from discussing this type of information to avoid potential steering to or away from a specific neighborhood. They are able to provide their clients with resources to determine whether this is the right neighborhood for them,” Shaffer added.
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at www.phrc.state.pa.us.
Realtors® strive to build communities and help everyone achieve the American dream of homeownership.
“We’re seeing an increasingly multicultural future and fair housing laws help protect consumers in this expanding market,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Realtors® strongly support the Fair Housing Act. In fact, our National Association of Realtors®’ Code of Ethics includes fair housing standards and prohibits discrimination, and as Realtors®, we’re obligated to adhere to this code.”
There is still a disparity between white and minority homeownership rates. While more than 72 percent of white households own their home, 42 percent of African American and fewer than 47 percent of Hispanic households own their homes, according to the National Association of Realtors®.
“Realtors® strive to preserve and expand housing opportunities within their communities,” Shaffer said. “We want to assist everyone in finding the home that best meets their needs.”
Sometimes consumers may be looking for additional information regarding crime statistics, a school district or the ethnic make-up of a neighborhood.
“Realtors® are prohibited from discussing this type of information to avoid potential steering to or away from a specific neighborhood. They are able to provide their clients with resources to determine whether this is the right neighborhood for them,” Shaffer added.
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at www.phrc.state.pa.us.
March, 2016 - Why Curb Appeal Matters
Getting ready to sell your home? Don’t forget to assess your house’s curb appeal with a critical eye.
“First impressions are vital,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Potential buyers notice everything about the outside of the house first – even when they’re looking online. If the outside is in really bad shape, some buyers may refuse to take a step inside.”
“While many home searches begin online, 63 percent of homebuyers will drop by a house after viewing it online, according to research by the National Association of Realtors®,” Shaffer said. “You want the house to look clean, friendly and inviting. That’s why addressing curb appeal is so important.”
There are a few steps sellers should take to make the most of their homes’ appeal to buyers:
“First impressions are vital,” said Paula Shaffer, president of the Fayette Board of REALTORS®. “Potential buyers notice everything about the outside of the house first – even when they’re looking online. If the outside is in really bad shape, some buyers may refuse to take a step inside.”
“While many home searches begin online, 63 percent of homebuyers will drop by a house after viewing it online, according to research by the National Association of Realtors®,” Shaffer said. “You want the house to look clean, friendly and inviting. That’s why addressing curb appeal is so important.”
There are a few steps sellers should take to make the most of their homes’ appeal to buyers:
- Look at the house and yard, preferably from across the street, and take notes about what needs cleaned, repaired or replaced.
- Add some colorful plants or place containers with bright flowers around the front of the home to help it look fresh. Add new mulch and trim or replace foundation plantings as needed.
- Paint the front door, trim and shutters to freshen the look of the home.
- Replace the porch light and mailbox with newer fixtures.
- Wash the windows to make a sparkling impression.
- Consider adding landscape lighting to add an interesting feature at night.
- Repair the front walk if it’s cracked or uneven.
- Wash and clean the front porch, and avoid storing items on it.
- Make sure you’ve cleaned up pets’ messes in the yard.
February, 2016 - Realtors® help consumers understand the real estate transaction
Uniontown – There’s a difference between a licensed real estate agent and a Realtor® and it’s one that matters to consumers.
“Realtors® are members of the National Association of Realtors® (NAR) and their local and state associations,” said Paula Shaffer, President of the Fayette Board of REALTORS®. “What distinguishes us from other licensed agents is that as Realtors®, we're held to a higher, ethical standards outlined in NAR’s Code of Ethics. This 100-year code dictates our ethical behavior when working with clients and other real estate agents.”
Consumers will find Realtors® are the most trusted resource for market information because they are familiar with their local markets. They know what matters to buyers and sellers in their community because they have the expertise and experience to help sellers protect their investment and for buyers to build theirs.
Realtors® are offered advanced educational opportunities through Realtor® organizations that assist them to stay apprised of the latest industry trends and issues.
“The real estate transaction has become more complex with dozens of necessary steps. Working with a Realtor® ensures the consumer has someone who can help them understand the process of buying or selling a home,” Shaffer said. “Realtors® work through the process daily and know how it affects the interests of their clients. Realtors® know how to position a home for sale, negotiate contract terms, manage inspections and ensure a smooth settlement.”
Working with Realtors® gives buyers, sellers and investors the advantage they need to succeed in today’s market. And consumers who’ve worked with a Realtor® say they’d do it again – nine out of 10 buyers and sellers said they would use the same agent again or recommend that agent to others.
To find a Realtor®, visit faytteboard.com.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Realtors® are members of the National Association of Realtors® (NAR) and their local and state associations,” said Paula Shaffer, President of the Fayette Board of REALTORS®. “What distinguishes us from other licensed agents is that as Realtors®, we're held to a higher, ethical standards outlined in NAR’s Code of Ethics. This 100-year code dictates our ethical behavior when working with clients and other real estate agents.”
Consumers will find Realtors® are the most trusted resource for market information because they are familiar with their local markets. They know what matters to buyers and sellers in their community because they have the expertise and experience to help sellers protect their investment and for buyers to build theirs.
Realtors® are offered advanced educational opportunities through Realtor® organizations that assist them to stay apprised of the latest industry trends and issues.
“The real estate transaction has become more complex with dozens of necessary steps. Working with a Realtor® ensures the consumer has someone who can help them understand the process of buying or selling a home,” Shaffer said. “Realtors® work through the process daily and know how it affects the interests of their clients. Realtors® know how to position a home for sale, negotiate contract terms, manage inspections and ensure a smooth settlement.”
Working with Realtors® gives buyers, sellers and investors the advantage they need to succeed in today’s market. And consumers who’ve worked with a Realtor® say they’d do it again – nine out of 10 buyers and sellers said they would use the same agent again or recommend that agent to others.
To find a Realtor®, visit faytteboard.com.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
January, 2016 - Mortgage pre-qualification and pre-approval important to home buying process
Going through the mortgage pre-qualification process before looking at houses can save buyers both time and heartache.
“Many times buyers begin looking for a home, with no idea of how much they can afford to spend and how much they’ll qualify for,” said Fayette Board of REALTORS® President Paula Shaffer. “The pre-qualification is based on information like income and existing debt. It’s a good place to start so buyers have a ballpark idea of what their buying power is. It helps them focus on the types of homes that are in their price range.”
A pre-qualification is different than a pre-approval. A pre-approval is more detailed and will require additional information from the buyer. Buyers should make an appointment with a lender or mortgage broker and be prepared to provide much more detailed information about their financial situation. Also, the loan officer may pull a credit report at this time. Buyers should draft a budget that accounts for mortgage payments, potential mortgage rate changes, insurance, maintenance, and other expenses in their lives.
“A pre-approval is a much better way of showing your likely ability to qualify for a mortgage but it’s still not a guarantee,” said Shaffer. “It’s important to understand that while the mortgage lender may give a pre-approval for a certain amount, other factors may affect how much you are ultimately eligible to borrow.
“For example, if you have a change in employment status or there are defects in the property you’re considering, the lender may not be willing to lend the entire amount you qualify for,” he added. In addition, large purchases during the mortgage application process can derail the approval process.
“Pre-qualified buyers show home sellers that these buyers are able to purchase their property and help making an offer on a property go more smoothly,” Shaffer said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Many times buyers begin looking for a home, with no idea of how much they can afford to spend and how much they’ll qualify for,” said Fayette Board of REALTORS® President Paula Shaffer. “The pre-qualification is based on information like income and existing debt. It’s a good place to start so buyers have a ballpark idea of what their buying power is. It helps them focus on the types of homes that are in their price range.”
A pre-qualification is different than a pre-approval. A pre-approval is more detailed and will require additional information from the buyer. Buyers should make an appointment with a lender or mortgage broker and be prepared to provide much more detailed information about their financial situation. Also, the loan officer may pull a credit report at this time. Buyers should draft a budget that accounts for mortgage payments, potential mortgage rate changes, insurance, maintenance, and other expenses in their lives.
“A pre-approval is a much better way of showing your likely ability to qualify for a mortgage but it’s still not a guarantee,” said Shaffer. “It’s important to understand that while the mortgage lender may give a pre-approval for a certain amount, other factors may affect how much you are ultimately eligible to borrow.
“For example, if you have a change in employment status or there are defects in the property you’re considering, the lender may not be willing to lend the entire amount you qualify for,” he added. In addition, large purchases during the mortgage application process can derail the approval process.
“Pre-qualified buyers show home sellers that these buyers are able to purchase their property and help making an offer on a property go more smoothly,” Shaffer said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
December, 2015 - Home inspections are recommended in the home buying process
Saving money by skipping a home inspection may end up costing homebuyers more in the future. Even though most sellers are required to provide home buyers with a Seller’s Property Disclosure statement, buyers should not rely exclusively on this form in determining the condition of a house.
“The Seller’s Disclosure form asks sellers to note conditions they’re aware of,” said Fayette Board of REALTOR® President Scott Detweiler. “Sellers may not know of a crack in the foundation because it’s not visible. Or the roof may need repairs but the seller hasn’t seen any leakage yet.
“That’s why homebuyers should strongly consider hiring professional inspectors to review the major elements and systems of the home,” Detweiler said. “These inspections should be conducted by a licensed or otherwise qualified inspector.”
Before hiring an inspector, buyers should ask: are you in good standing with a national home inspection association; what systems will be included in the inspection; how long will the inspection take; how much will it cost; can we accompany you on the inspection; do you have references; do you carry errors and omissions insurance; what is your specialty; what sort of continuing education to you have; do you provide a written report at no extra charge; and does the report include estimates of repair costs?
Requesting and allowing inspections of a home are negotiable terms. If sellers have a choice between two similar offers, they may opt for the offer that is contingent on fewer inspections. However, if a buyer waives the right to an inspection it means that the property will be accepted in its present condition. “This could become very expensive for the buyer if things need to be fixed after moving into the house,” Detweiler explained.
Some of the inspections often performed – as a single system inspection or as part of a full home inspection include: electrical system, environmental issues, general appliance condition, heat/air conditioning, mechanical systems, plumbing, roof, mold and indoor air quality, building code compliance, condition of driveway and sidewalks, structural condition, water penetration. Other common inspections: wood infestation; water service; radon; on-lot sewage system; and lead-based paint.
“Hiring a home inspector doesn’t guarantee that everything will be perfect with the home or that the inspector will find all the problems,” he said. “It does allow the buyer to negotiate the cost of the repairs or a reduction in the sales price with the seller.”
Negotiations as a result of the inspection may be formal or informal but the final agreement should be put in writing and signed. The parties should be as specific as possible when putting new terms in writing, to minimize the possibility of future disagreements. “It’s important for everyone to be in agreement going forward to avoid delays in settlement,” Detweiler added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“The Seller’s Disclosure form asks sellers to note conditions they’re aware of,” said Fayette Board of REALTOR® President Scott Detweiler. “Sellers may not know of a crack in the foundation because it’s not visible. Or the roof may need repairs but the seller hasn’t seen any leakage yet.
“That’s why homebuyers should strongly consider hiring professional inspectors to review the major elements and systems of the home,” Detweiler said. “These inspections should be conducted by a licensed or otherwise qualified inspector.”
Before hiring an inspector, buyers should ask: are you in good standing with a national home inspection association; what systems will be included in the inspection; how long will the inspection take; how much will it cost; can we accompany you on the inspection; do you have references; do you carry errors and omissions insurance; what is your specialty; what sort of continuing education to you have; do you provide a written report at no extra charge; and does the report include estimates of repair costs?
Requesting and allowing inspections of a home are negotiable terms. If sellers have a choice between two similar offers, they may opt for the offer that is contingent on fewer inspections. However, if a buyer waives the right to an inspection it means that the property will be accepted in its present condition. “This could become very expensive for the buyer if things need to be fixed after moving into the house,” Detweiler explained.
Some of the inspections often performed – as a single system inspection or as part of a full home inspection include: electrical system, environmental issues, general appliance condition, heat/air conditioning, mechanical systems, plumbing, roof, mold and indoor air quality, building code compliance, condition of driveway and sidewalks, structural condition, water penetration. Other common inspections: wood infestation; water service; radon; on-lot sewage system; and lead-based paint.
“Hiring a home inspector doesn’t guarantee that everything will be perfect with the home or that the inspector will find all the problems,” he said. “It does allow the buyer to negotiate the cost of the repairs or a reduction in the sales price with the seller.”
Negotiations as a result of the inspection may be formal or informal but the final agreement should be put in writing and signed. The parties should be as specific as possible when putting new terms in writing, to minimize the possibility of future disagreements. “It’s important for everyone to be in agreement going forward to avoid delays in settlement,” Detweiler added.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
November, 2015 - Making homes greener saves resources and money
Going green isn’t just a trend. It’s many homeowners’ and homebuyers’ responsible way of considering the limited resources available and making their dollar go further.
“Many people falsely believe going green can be costly,” according to Scott Detweiler, president of the Fayette Board of REALTORS®. “By purchasing energy-efficient appliances and other cost-effective measures, you can actually reduce your energy costs significantly. Green systems and materials reduce energy consumption, which in turn reduces your energy bills.”
According to the National Association of Realtors® 2015 Home Buyer and Seller Generational Trends, nine percent of buyers of newly built homes cited green/energy efficient features when buying their home. Homebuyers responded that a home’s environmentally friendly features described as very important or somewhat important included: heating and cooling costs (85 percent), energy efficient appliances (68 percent), energy efficient lighting (66 percent), environmentally friendly community features (47 percent), landscaping for energy conservation (46 percent) and solar panels on home (11 percent).
A few simple ways to go green and reduces energy bills include:
“Not only are green features better for the environment and your finances, they’re beneficial to residents as well,” Detweiler said. “Sustainable design and technology enhance the overall quality of life by improving air and water quality and reducing noise pollution.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Many people falsely believe going green can be costly,” according to Scott Detweiler, president of the Fayette Board of REALTORS®. “By purchasing energy-efficient appliances and other cost-effective measures, you can actually reduce your energy costs significantly. Green systems and materials reduce energy consumption, which in turn reduces your energy bills.”
According to the National Association of Realtors® 2015 Home Buyer and Seller Generational Trends, nine percent of buyers of newly built homes cited green/energy efficient features when buying their home. Homebuyers responded that a home’s environmentally friendly features described as very important or somewhat important included: heating and cooling costs (85 percent), energy efficient appliances (68 percent), energy efficient lighting (66 percent), environmentally friendly community features (47 percent), landscaping for energy conservation (46 percent) and solar panels on home (11 percent).
A few simple ways to go green and reduces energy bills include:
- Change light bulbs – Use LED or CFL light bulbs throughout the home.
- Lower water temperatures – Reduce the setting on the water heater to 120 degrees.
- Install a new thermostat – A programmable thermostat will allow homeowners to create an energy-efficient program for their home.
- Caulk around windows and doors – Take time to seal any gaps around moldings to reduce warm or cool air escaping.
- Tune up the heating, ventilating and air conditioning – Hire a contractor to conduct an energy audit of your home’s heating and air conditioning units.
“Not only are green features better for the environment and your finances, they’re beneficial to residents as well,” Detweiler said. “Sustainable design and technology enhance the overall quality of life by improving air and water quality and reducing noise pollution.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
October, 2015 - Outdoor home replacements show best return on investment
When thinking about a home improvement project, it’s important to evaluate which home remodeling and replacement projects bring the best return on investment.
“Exterior home improvements offer the best value for their investment for a number of reasons,” according to Fayette Board of REALTORS® President Scott Detweiler. “Curb appeal is important when selling a home. The outside of the home is the first impression potential buyers have so it really does have an impact.”
According to the National Association of Realtors® 2015 Remodeling Cost vs. Value Report, Realtors® responded that a steel entry door replacement would have nearly 102 percent of its costs recouped upon sale. The top 10 projects in terms of cost recouped include: manufactured stone veneer (92 percent), a garage door replacement (88 percent), a siding replacement with fiber cement (84 percent), a garage door replacement (82 percent), vinyl siding replacement (81 percent), a wood deck addition (80 percent), a minor kitchen remodel (79 percent), wood window replacement (79 percent) and foam-backed vinyl siding replacement (77 percent).
Other projects that showed more than a 50 percent return on investment include: bathroom addition (58 percent), master room addition (62 percent), two-story addition and family room addition (64 percent), major kitchen remodel (68 percent), basement remodel (70 percent), and roof replacement (71 percent).
“Realtors® know what buyers in their markets are looking for,” Detweiler said. “The survey showed that replacement projects resulted in a higher financial return than remodeling projects since 2003. In 2015, the average return for replacement projects was 73 percent, while remodeling projects saw a 61 percent return.
“The survey shows homeowners don’t have to spend lots of money to make a difference, they just have to be strategic in their planning. The best way to know what’s going to help in your market is to work with a Realtor®. They know their market, the local inventory, what buyers want in a home and the overall economic climate,” he said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Exterior home improvements offer the best value for their investment for a number of reasons,” according to Fayette Board of REALTORS® President Scott Detweiler. “Curb appeal is important when selling a home. The outside of the home is the first impression potential buyers have so it really does have an impact.”
According to the National Association of Realtors® 2015 Remodeling Cost vs. Value Report, Realtors® responded that a steel entry door replacement would have nearly 102 percent of its costs recouped upon sale. The top 10 projects in terms of cost recouped include: manufactured stone veneer (92 percent), a garage door replacement (88 percent), a siding replacement with fiber cement (84 percent), a garage door replacement (82 percent), vinyl siding replacement (81 percent), a wood deck addition (80 percent), a minor kitchen remodel (79 percent), wood window replacement (79 percent) and foam-backed vinyl siding replacement (77 percent).
Other projects that showed more than a 50 percent return on investment include: bathroom addition (58 percent), master room addition (62 percent), two-story addition and family room addition (64 percent), major kitchen remodel (68 percent), basement remodel (70 percent), and roof replacement (71 percent).
“Realtors® know what buyers in their markets are looking for,” Detweiler said. “The survey showed that replacement projects resulted in a higher financial return than remodeling projects since 2003. In 2015, the average return for replacement projects was 73 percent, while remodeling projects saw a 61 percent return.
“The survey shows homeowners don’t have to spend lots of money to make a difference, they just have to be strategic in their planning. The best way to know what’s going to help in your market is to work with a Realtor®. They know their market, the local inventory, what buyers want in a home and the overall economic climate,” he said.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
September, 2015 - Tips to Consider When Downsizing
Uniontown – Many
people consider downsizing their home for a variety of reasons. Some are empty
nesters, some want to travel more, others want to save money.
“Choosing to downsize can help reduce expenses and increase your financial outlook,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “People consider a smaller place so they’re making lower mortgage payments, paying less taxes, reducing the cost of utilities and cutting maintenance costs.”
Whatever the reason, ultimately there will be less space to store belongings. “It’s important to get a handle on belongings well before considering moving to a smaller place,” Detweiler said. “Even if your move is years away, it’s never too early to reduce what’s in your home.”
Consider these tips to make downsizing easier:
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
“Choosing to downsize can help reduce expenses and increase your financial outlook,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “People consider a smaller place so they’re making lower mortgage payments, paying less taxes, reducing the cost of utilities and cutting maintenance costs.”
Whatever the reason, ultimately there will be less space to store belongings. “It’s important to get a handle on belongings well before considering moving to a smaller place,” Detweiler said. “Even if your move is years away, it’s never too early to reduce what’s in your home.”
Consider these tips to make downsizing easier:
- Start the process months in advance. Don’t wait until the last minute to begin
paring down belongings. Make a plan to weed through your home, room by room,
closet by closet. Don’t forget the kitchen junk drawer and overflowing filing
cabinet.
- Decide what you can’t live without. It seems too easy to make a list of the
things you love and you can’t live without but it helps! Try to stick with that
list as you continue to go through your belongings.
- Send the kids’ stuff to their house. If you have boxes of your kids’ things in
your attic or basement, it’s time to move them to a new home – your kids’
home. Set the boxes near the door so
your children can take them home with him (or her). It they decide they don’t
need their stuff, you don’t either!
- Sort things in three bins – Keep, Sell,
Donate. Don’t throw
things away; try to find ways to recycle items you no longer use. There are
always charities willing to take gently used clothing, furniture, kitchen equipment,
etc.
- Start with the easiest room. Begin with the rooms that have the least
sentimental items, like the bathroom. It’ll be easier to evaluate whether to
keep, sell or donate fewer items as you start this process.
- Invite your friends and family to a
downsizing party. Round
up items you no longer want and put them in one place. Host a fun gathering
where those attending can select one of these items before they leave.
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
August - The Agreement of Sale
Buying a home is
one of the largest purchases most consumers will ever make in their lives.
Understanding the Agreement of Sale, the main contract in the transaction,
helps make the process smoother.
“While everything in the Agreement of Sale is important and your Realtor® can help you appreciate the details, there are a few key issues that consumers should take additional time to understand,” according to Scott Detweiler, President of the Fayette Board of REALTORS®. Several key elements to pay particular attention to are:
“While everything in the Agreement of Sale is important and your Realtor® can help you appreciate the details, there are a few key issues that consumers should take additional time to understand,” according to Scott Detweiler, President of the Fayette Board of REALTORS®. Several key elements to pay particular attention to are:
- Understand “dual agency.” “If your Agreement of Sale notes that your
real estate agent is a ‘dual’ agent, it means your agent is representing both
the buyer and the seller of the property at the same time. This is legal in
Pennsylvania and most other states but consumers should take the time to
understand what this means,” Detweiler said.
- Be detailed in description of fixtures and
personal property. Sellers
should clearly identify fixtures and items that are included with the sale –
that means everything that will be sold along with the house. “The seller
should be specific about which appliances stay with the house, lighting
fixtures, and anything that looks like part of the property,” Detweiler said.
“Buyers should carefully review items that are included or excluded by the
seller and can negotiate over any additional items they may want included in
the sale.”
- Be truthful regarding financial
information. “Buyers
don’t realize that they can jeopardize their mortgage application process by
making large purchases or other financial activities and that can in turn cause
problems with the transaction,” he said. “Buyers need to fully understand they
are obligated to act in good faith and if they do something that affects their
mortgage process, they could lose their deposit.”
- Know what’s involved in disclosure. Most sellers are required to complete a
seller disclosure form and have a duty to disclose known material defects, such
as flooding. “Buyers will want to make sure they have received a copy of the
disclosure form prior to completing the Agreement of Sale,” Detweiler said.
“Buyers may want to use the disclosure to guide their decisions about any home
inspections. If the buyers believe something should have been disclosed, they can
try to hold sellers liable.”
- Inspections are a buyer’s choice. Inspections can be important to both
buyers and sellers. Sellers may want to opt to have an inspection done prior to
selling so they’re aware of any issues with the property. Buyers have the right
to waive an inspection of the property, or elect to have every inspection
available. It’s incumbent upon buyers to decide what inspections are needed to
complete the transaction to ensure they know as much about the property as
possible. The seller also has the right to decline the buyer’s offer based on
the inspection.
- Find out if a homeowners association is
involved. “Many people aren’t
aware of what types of restrictions come with a homeowners association, so
buyers should carefully read the homeowners association manual,” he said.
“Sellers need to provide a certificate of resale which they should request from
their homeowners’ association as soon as possible because the officers of many
homeowners’ associations are volunteers and their meetings are infrequent.”
- Ask about oil, gas and mineral rights. Ensuring the oil, gas and mineral rights
are clearly defined is crucial as they vary greatly from one end of the state
to the other. It’s important to consult with legal counsel if there are rights
involved.
July - Staging Makes a Difference
Homeowners
thinking about selling their homes should consider home staging to increase
their chances of selling the home faster and at a higher price.
Statistics from StagedHomes.com show that 95 percent of staged homes are selling within 11 days and they’re selling for 17 percent more. According to Barb Schwarz, Creator of Home Staging® and the Accredited Staging Professional® course, homes not staged are on the market for an average of 90 days.
“Home sellers should stop thinking about how much staging their home will cost because of what’s at stake,” Schwarz said. “Staging is about merchandising the home. What a seller invests in staging is far less than a price reduction of their home.”
Schwarz said the math is pretty simple. “Imagine a $300,000 home that’s been on the market for six months without selling. The seller considers a price decrease of 5 percent. That’s $15,000. Now imagine investing only a fraction of that sum in staging and selling the home much faster,” she said.
Scott Detweiler, President of the Fayette Board of REALTORS®, said when buyers are looking at homes, they’re constantly comparing them. “They’re judging the home against the other ones they’ve looked at. And buyers want the house that meets their needs with the least amount to do when they move in. Staging helps them see how the house is ready for them to live in it,” he said.
Home sellers should make sure that the house is clean, de-cluttered and odor free. “If you want to make a good impression, you need to make the effort to deep clean your home,” Detweiler said. “Buyers don’t want to see themselves in a dirty house.”
“People detail their cars and think that’s a good investment,” Schwarz said. “They should see staging their home as the same thing. It helps put the house in the best possible light.”
Tips for staging a home:
Statistics from StagedHomes.com show that 95 percent of staged homes are selling within 11 days and they’re selling for 17 percent more. According to Barb Schwarz, Creator of Home Staging® and the Accredited Staging Professional® course, homes not staged are on the market for an average of 90 days.
“Home sellers should stop thinking about how much staging their home will cost because of what’s at stake,” Schwarz said. “Staging is about merchandising the home. What a seller invests in staging is far less than a price reduction of their home.”
Schwarz said the math is pretty simple. “Imagine a $300,000 home that’s been on the market for six months without selling. The seller considers a price decrease of 5 percent. That’s $15,000. Now imagine investing only a fraction of that sum in staging and selling the home much faster,” she said.
Scott Detweiler, President of the Fayette Board of REALTORS®, said when buyers are looking at homes, they’re constantly comparing them. “They’re judging the home against the other ones they’ve looked at. And buyers want the house that meets their needs with the least amount to do when they move in. Staging helps them see how the house is ready for them to live in it,” he said.
Home sellers should make sure that the house is clean, de-cluttered and odor free. “If you want to make a good impression, you need to make the effort to deep clean your home,” Detweiler said. “Buyers don’t want to see themselves in a dirty house.”
“People detail their cars and think that’s a good investment,” Schwarz said. “They should see staging their home as the same thing. It helps put the house in the best possible light.”
Tips for staging a home:
- Focus
on curb appeal – Look at the home from a potential buyer’s perspective. Is the
grass green and lush? Are the shrubs hiding the home? Does it look well
maintained?
- Deep
clean and deodorize – Make sure every detail sparkles, cleaning woodwork, light
fixtures, light switches, drains, etc. Take special care to ensure there are no
pet odors.
- Neutralize
rooms – Wallpaper and bold colors are not conducive to allowing potential
buyers to picture themselves in the house.
- Pack
up clutter – Store personal belongings in an outside storage unit. Remove
photos and pack up collections.
Staging is a visual tool because buyers are making a decision within the first few minutes of seeing a home. “Staging a house is like staging a Broadway production,” Schwarz adds. “In every scene there’s a set change and the principals of staging each room are the same.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
June - Lending Options
Uniontown – Many
home buyers are unaware of the host of mortgage loan products available through
the Pennsylvania Housing Finance Agency (PHFA).
These programs are often overlooked but could help many renters become
homeowners.
“A lot of people think they don’t qualify for a mortgage to buy a home,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “They should consider PHFA. They could be surprised to learn that homeownership might be possible.”
Contacting a PHFA lender would be the first place to start. PHFA has over 90 participating lenders in its lending network that handles the application process. Located throughout the Commonwealth, PHFA approved lenders would process and close the loan then sell it to PHFA. Homebuyers would make their payments directly to PHFA for the life of the loan.
While many of PHFA’s primary customers are first-time homebuyers under the age of 30, they do work with many different buyers. “Anyone considering buying a home should visit PHFA’s website – whether they’re a first-time buyer, move-up buyers, homeowners who are downsizing or those interested in refinancing to learn more about the many financing options,” Detweiler said.
For example, PHFA offers the Mortgage Credit Certificate (MCC) program, which allows homebuyers to claim a tax credit for 50 percent of the mortgage interest paid per year, capped at $2,000 annually. Over the life of a 30-year mortgage, it can provide significant financial relief to homeowners. To be eligible, homebuyers must be approved for the program before purchasing their home.
“Many people learn about this tax credit when they’re completing their federal income tax return and by then, it’s too late,” Detweiler said. “They need to apply before they purchase their homes.”
PHFA offers home purchase and refinance loans with competitive interest rates and lower fees that carry a fixed interest rate for 30 years. There are two conventional loan products that are designed specifically for housing finance agencies (HFAs), which are fully amortized, 30-year, fixed-rate term for up to 97 percent of the home’s sale price.
PHFA has created new loan products as the housing market has changed. In the last several years, PHFA has introduced new options that make it worth a second look. Homebuyers can learn which lenders in their communities are approved PHFA lenders by visiting PHFA’s website.
“Instead of renting, you might be able to buy a home and build equity,” Detweiler said. “PHFA provides opportunities to many people who may not be aware of these programs. Talk with a Realtor® today to learn about other finance options.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
“A lot of people think they don’t qualify for a mortgage to buy a home,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “They should consider PHFA. They could be surprised to learn that homeownership might be possible.”
Contacting a PHFA lender would be the first place to start. PHFA has over 90 participating lenders in its lending network that handles the application process. Located throughout the Commonwealth, PHFA approved lenders would process and close the loan then sell it to PHFA. Homebuyers would make their payments directly to PHFA for the life of the loan.
While many of PHFA’s primary customers are first-time homebuyers under the age of 30, they do work with many different buyers. “Anyone considering buying a home should visit PHFA’s website – whether they’re a first-time buyer, move-up buyers, homeowners who are downsizing or those interested in refinancing to learn more about the many financing options,” Detweiler said.
For example, PHFA offers the Mortgage Credit Certificate (MCC) program, which allows homebuyers to claim a tax credit for 50 percent of the mortgage interest paid per year, capped at $2,000 annually. Over the life of a 30-year mortgage, it can provide significant financial relief to homeowners. To be eligible, homebuyers must be approved for the program before purchasing their home.
“Many people learn about this tax credit when they’re completing their federal income tax return and by then, it’s too late,” Detweiler said. “They need to apply before they purchase their homes.”
PHFA offers home purchase and refinance loans with competitive interest rates and lower fees that carry a fixed interest rate for 30 years. There are two conventional loan products that are designed specifically for housing finance agencies (HFAs), which are fully amortized, 30-year, fixed-rate term for up to 97 percent of the home’s sale price.
PHFA has created new loan products as the housing market has changed. In the last several years, PHFA has introduced new options that make it worth a second look. Homebuyers can learn which lenders in their communities are approved PHFA lenders by visiting PHFA’s website.
“Instead of renting, you might be able to buy a home and build equity,” Detweiler said. “PHFA provides opportunities to many people who may not be aware of these programs. Talk with a Realtor® today to learn about other finance options.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
May - Selling a Home
Uniontown – Many homeowners begin thinking about selling
their homes as warmer spring weather approaches. There are a few simple tips to
keep in mind when preparing a home to sell, according to the Fayette Board of
REALTORS®.
“In today’s market, sellers need every advantage they can get to maximum exposure and price for their home,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “Sellers should prepare their home for sale with an eye toward what appeals to today’s buyers.”
Topping the list of issues to address is curb appeal. “If the outside of a home isn’t properly maintained, many buyers won’t look inside,” Detweiler said. “Making the outside of the home welcoming and attractive helps grab a potential buyer’s attention.” The house should have clean exterior windows and walls. Fresh paint that compliments other homes in the neighborhood will help boost the curb appeal. Green and well-maintained lawns also draw in buyers.
As sellers work to prepare their properties, they should remove items that personalize a home. Family photographs should be stored out of sight. Buyers want to envision their families in the house, not the people who are living there.
Eliminating clutter helps the house appear larger and also allows buyers to imagine themselves living in the home. “As you remove excess items, remember to clean where they used to be. No one wants to picture themselves cleaning other people’s dirt,” he said. “And work to get rid of any odors in the home, especially ones from pets.”
The appropriate price is key to attracting buyers. “Listing the house at the correct price from the beginning is imperative,” he said. “A house priced too high may scare potential buyers away. Working with a Realtor® can help a seller determine what the right price is.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
“In today’s market, sellers need every advantage they can get to maximum exposure and price for their home,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “Sellers should prepare their home for sale with an eye toward what appeals to today’s buyers.”
Topping the list of issues to address is curb appeal. “If the outside of a home isn’t properly maintained, many buyers won’t look inside,” Detweiler said. “Making the outside of the home welcoming and attractive helps grab a potential buyer’s attention.” The house should have clean exterior windows and walls. Fresh paint that compliments other homes in the neighborhood will help boost the curb appeal. Green and well-maintained lawns also draw in buyers.
As sellers work to prepare their properties, they should remove items that personalize a home. Family photographs should be stored out of sight. Buyers want to envision their families in the house, not the people who are living there.
Eliminating clutter helps the house appear larger and also allows buyers to imagine themselves living in the home. “As you remove excess items, remember to clean where they used to be. No one wants to picture themselves cleaning other people’s dirt,” he said. “And work to get rid of any odors in the home, especially ones from pets.”
The appropriate price is key to attracting buyers. “Listing the house at the correct price from the beginning is imperative,” he said. “A house priced too high may scare potential buyers away. Working with a Realtor® can help a seller determine what the right price is.”
The Fayette Board of REALTORS® is the voice for real estate in Fayette County
NAR
Victory as House Passes 3% Cap Bill
The U.S. House of Representatives today passed NAR-backed legislation to level the playing field when it comes to applying a 3 percent cap on mortgage fees and points. The bill treats lenders and other types of services affiliated with real estate brokerages the same as lenders and service providers from large retail financial institutions, correcting an unfair limitation in the federal qualified mortgage (QM) rule. The bill must still be considered in the Senate.
The U.S. House of Representatives today passed NAR-backed legislation to level the playing field when it comes to applying a 3 percent cap on mortgage fees and points. The bill treats lenders and other types of services affiliated with real estate brokerages the same as lenders and service providers from large retail financial institutions, correcting an unfair limitation in the federal qualified mortgage (QM) rule. The bill must still be considered in the Senate.
April - Fair Housing
Fair Housing Act ensures homebuyers can choose where they
want to live
The Fayette Board of REALTORS® is a strong supporter of the national Fair Housing Act and the Pennsylvania Human Relations Commission's (PHRC) Fair Housing laws. Fair housing laws at the national, state and local levels ensure that everyone has access to buy, sell, rent or mortgage a home, without regard to their age, ancestry, color, disabilities, familial status, national origin, race, religion or sex.
"Realtors® play an important role in helping to build communities,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “We believe that people have the right to live wherever they can afford to live."
Realtors® not only comply with the federal and state fair housing acts but they subscribe to the National Association of Realtors®’ Code of Ethics, which prohibits discrimination as well. “Our Code of Ethics has gone beyond the federal and state law to provide protection against discrimination based on sexual orientation and gender identity,” Detweiler said.
Consumers may want a Realtor® to answer questions regarding the ethnic diversity of a neighborhood or the qualifications of a school district.
“While it seems like it would be helpful for a Realtor® to answer such questions, often times the answer is subjective. Each person defines a ‘good school’ differently than another person,” said Detweiler. “Homebuyers need to decide what they want from a home and its surrounding neighborhood and research this information online.”
“Ultimately, Realtors® work to assist everyone achieve the American dream of homeownership. We want homebuyers to find homes that best meet their needs,” he added.
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at www.phrc.state.pa.us
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
The Fayette Board of REALTORS® is a strong supporter of the national Fair Housing Act and the Pennsylvania Human Relations Commission's (PHRC) Fair Housing laws. Fair housing laws at the national, state and local levels ensure that everyone has access to buy, sell, rent or mortgage a home, without regard to their age, ancestry, color, disabilities, familial status, national origin, race, religion or sex.
"Realtors® play an important role in helping to build communities,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “We believe that people have the right to live wherever they can afford to live."
Realtors® not only comply with the federal and state fair housing acts but they subscribe to the National Association of Realtors®’ Code of Ethics, which prohibits discrimination as well. “Our Code of Ethics has gone beyond the federal and state law to provide protection against discrimination based on sexual orientation and gender identity,” Detweiler said.
Consumers may want a Realtor® to answer questions regarding the ethnic diversity of a neighborhood or the qualifications of a school district.
“While it seems like it would be helpful for a Realtor® to answer such questions, often times the answer is subjective. Each person defines a ‘good school’ differently than another person,” said Detweiler. “Homebuyers need to decide what they want from a home and its surrounding neighborhood and research this information online.”
“Ultimately, Realtors® work to assist everyone achieve the American dream of homeownership. We want homebuyers to find homes that best meet their needs,” he added.
If consumers believe they have experienced a fair housing issue, they should contact the Pennsylvania Human Relations Commission at www.phrc.state.pa.us
The Fayette Board of REALTORS® is the voice for real estate in Fayette County.
March - Realtors® navigate the home-buying process for first timers
First-time
home buyers entering the real estate market are often excited and overwhelmed.
Working with a Realtor®, who will help navigate the process, can ensure a
smooth transaction.
“A majority of buyers begin their search for a home on the Internet,” said Scott Detweiler, President of the Fayette Board of Realtors®. “Looking at properties online is a good start but when consumers are serious about buying a home, Realtors® can provide the guidance of a steady hand and the knowledge of the local market.”
First-time home buyers should start the process by getting pre-approved for their financing. “It’s important to talk with your Realtor® and consider all the expenses involved in purchasing a home. Realtors® can help you figure the price range you can afford,” he said. “By taking the time to determine how much you can afford, you can focus your search on homes within those price points.”
As buyers move through the process, they should consider and evaluate what is most important to them and their families. “For example, do they want to live close to their families? Or do they want to have a short drive to their jobs? Do they need four bedrooms, or will three meet their needs? It’s important to set priorities as you begin to narrow your search for a home,” Detweiler said.
Before making an offer on a home, Realtors® can help buyers schedule a home inspection to ensure there are no significant defects to the home.
Making an offer on a home requires negotiating skills and buyers should consider several issues: is the asking price comparable to others in similar markets?; are there problems with the house?; how long has it been on the market? “Your Realtor® will help you consider each of these questions and many more to evaluate if the property best meets your needs,” Detweiler said.
Ultimately when the buyer comes to the closing table, the Realtor® will have coordinated the necessary forms and banking information to complete the transaction. The lender is required to give buyers information about closing costs, a Good Faith Estimate outlining how much money they owe at closing and a list of documents needed.
“Buying a home is one of the largest purchases many consumers will ever make so it’s important to fully understand the process,” he said. “Don’t be afraid to ask your Realtor® lots of questions. They’ll be happy to explain every step of the way.”
“A majority of buyers begin their search for a home on the Internet,” said Scott Detweiler, President of the Fayette Board of Realtors®. “Looking at properties online is a good start but when consumers are serious about buying a home, Realtors® can provide the guidance of a steady hand and the knowledge of the local market.”
First-time home buyers should start the process by getting pre-approved for their financing. “It’s important to talk with your Realtor® and consider all the expenses involved in purchasing a home. Realtors® can help you figure the price range you can afford,” he said. “By taking the time to determine how much you can afford, you can focus your search on homes within those price points.”
As buyers move through the process, they should consider and evaluate what is most important to them and their families. “For example, do they want to live close to their families? Or do they want to have a short drive to their jobs? Do they need four bedrooms, or will three meet their needs? It’s important to set priorities as you begin to narrow your search for a home,” Detweiler said.
Before making an offer on a home, Realtors® can help buyers schedule a home inspection to ensure there are no significant defects to the home.
Making an offer on a home requires negotiating skills and buyers should consider several issues: is the asking price comparable to others in similar markets?; are there problems with the house?; how long has it been on the market? “Your Realtor® will help you consider each of these questions and many more to evaluate if the property best meets your needs,” Detweiler said.
Ultimately when the buyer comes to the closing table, the Realtor® will have coordinated the necessary forms and banking information to complete the transaction. The lender is required to give buyers information about closing costs, a Good Faith Estimate outlining how much money they owe at closing and a list of documents needed.
“Buying a home is one of the largest purchases many consumers will ever make so it’s important to fully understand the process,” he said. “Don’t be afraid to ask your Realtor® lots of questions. They’ll be happy to explain every step of the way.”
February - Realtors® are trusted advisors in the home buying and selling process
The typical home
sale requires as many as 20 steps to get to the closing table. While it’s easy
to find a home through a variety of online sites, a Realtor® can navigate the
process, help position a home for sale, negotiate contract terms, manage
inspections and ensure a smooth settlement.
“Looking for properties online is just the beginning,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “Realtors® offer insight into the market and local conditions.”
According to the 2014 National Association of Realtors® Profile of Home Buyers and Sellers, 88 percent of buyers and 88 percent of sellers used a real estate agent.
“For most home buyers, the purchase of real estate is one of the largest financial transactions they will make,” Detweiler said. “Realtors® can help buyers assess their needs for living space, location, and neighborhoods while taking into consideration changes in jobs and family situations, so they’re able make an informed decision.”
It’s beneficial for homeowners preparing to sell their home to talk with a Realtor® as well. “Realtors® have expertise to help sellers price their homes to reflect the local market conditions and to sell smoothly and expeditiously,” Detweiler said. “According to NAR research, the typical agent-assisted home sale has a 13 percent higher sales price than the typical for-sale-by-owner (FSBO) sale.”
Meet with a Realtor® and bring questions about the home selling or buying process. “Realtors® are informed about the most recent trends in the industry,” he added. “They can advise their clients about the mortgage lending process, what inspections are required, and what to expect during the transaction. Talk with a Realtor® today.”
“Looking for properties online is just the beginning,” said Scott Detweiler, president of the Fayette Board of REALTORS®. “Realtors® offer insight into the market and local conditions.”
According to the 2014 National Association of Realtors® Profile of Home Buyers and Sellers, 88 percent of buyers and 88 percent of sellers used a real estate agent.
“For most home buyers, the purchase of real estate is one of the largest financial transactions they will make,” Detweiler said. “Realtors® can help buyers assess their needs for living space, location, and neighborhoods while taking into consideration changes in jobs and family situations, so they’re able make an informed decision.”
It’s beneficial for homeowners preparing to sell their home to talk with a Realtor® as well. “Realtors® have expertise to help sellers price their homes to reflect the local market conditions and to sell smoothly and expeditiously,” Detweiler said. “According to NAR research, the typical agent-assisted home sale has a 13 percent higher sales price than the typical for-sale-by-owner (FSBO) sale.”
Meet with a Realtor® and bring questions about the home selling or buying process. “Realtors® are informed about the most recent trends in the industry,” he added. “They can advise their clients about the mortgage lending process, what inspections are required, and what to expect during the transaction. Talk with a Realtor® today.”
