MY HOUSE IS LISTED BUT I HAVE TO MOVE. SHOULD I LEAVE A VACANT HOUSE?

 

MY HOUSE IS LISTED BUT I HAVE TO MOVE. SHOULD I LEAVE A VACANT HOUSE?

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Answer –  Not if you can avoid it. It’s just a lot harder to sell an empty house (here’s an article that tells you why). I know that it’s a real hassle, in addition to an extra expense to have two places, but if you can leave the house that we’re trying to sell here furnished it makes it easier to sell. It sounds cruel, but you are better off to rent an apartment in your new location and live by yourself; while your family stays behind until the place sells.

 

If you’ve already bought a new place in the new town, move all of that clutter junk out of the storage place into your new house – you’ll feel right at home and the clutter will still be out of the house that we’re trying to sell. Move any excess furniture to the new home, but leave the old place furnished if at all possible.

 

Buyers have difficulty “seeing” how the house would look with furniture. Even if they don’t like your stuff at least it helps them envision how the space is used. If you absolutely can’t avoid moving your stuff out, so be it. Try to leave at least a table and a few chairs so that your agent has someplace to sit with a buyer to discuss things and somewhere to sit if he/she holds and open house. If you do vacate the house, use that opportunity of it being empty to get the carpets and floors cleaned and maybe getting some painting done. An empty house really shows all the wear and tear spots and with nothing else to attract the eye, any dirt or scratches or picture nail holes or other defects stand out.

 

An empty house makes an inviting target for vandals and thieves. Copper thieves in particular like to find vacant houses that they can strip. Even if your house is in what you would consider to be a “busy neighborhood”, thieves are bold enough to go in, even in broad daylight. No one ever said that they were smart, just brazen. Nothing says “rob me” quite like a vacant home with a real estate sign out front. Even if they don’t succeed in breaking in, copper thieves have been known to just hack off air conditioner condenser units and haul them away for the copper tubing that’s in most of them.

 

Oh, and here’s one more thing to make your day, if you are in a foreclosure or short sale situation. The Homeowners Association (HOA) may place a lien on the property for unpaid HOA fees, if you have decided to stop paying that, too. That’s just one more thing to have to worry about. Even if you’re not involved in a distressed sale, the HOA can also get involved if you have not contracted for lawn care when you moved out. If the HOA determines that your lawn is in violation of the HOA By-Laws, they may hire someone to cut your lawn and charge you for that, too. If you don’t pay that bill; oh well, there’s another lien on the house.

 

 

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

 

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SAFETY AND SECURITY TIPS FOR YOUR CONDO UNIT

SAFETY AND SECURITY TIPS FOR YOUR CONDO UNIT

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Condominium buildings are becoming the preferred residences of a lot of people especially for those who would like to reside near commercial and business areas. Despite the many benefits of living in a condominium building, there are some precautions that you have to take when you decide to live in one.

Some may think that living in a Philippine condo unit is relatively safe and secure especially with the number of neighbors, security, and staff in the building. However, there are still safety and security risks no matter where you live. Below are some tips to help you make living in your condo unit safer and more secure.

  • Get to know other residents. This may seem difficult for those who prefer not to meet and mingle with other residents of thecondominium building, but this is not for social reasons. Your only goal is to know the faces and some of the names of the other residents. Not because you want to start hanging out with them, but because it pays to know whether someone loitering around the condo is a resident or not.
  • Choose a main door that has a peephole. Do not open your door to strangers no matter how they introduce themselves. The important thing is to look and see who is at the door before opening it, which is the exact purpose of a peephole. If the door to your condo unit right now has no peephole, it is worth thinking about investing on a door that has one.
  • Lock your doors. Whether you have a condo in Mandaluyong, Makati, or anywhere else, always make sure to lock your doors at all times. If a locked door cannot prevent criminals or burglars away, so much more if it’s an unlocked door.
  • Know where the exit is. No matter where you are in the building,  always make it a habit to know where the emergency exits are. This can save your life if a fire occurs or an earthquake happens. Always orient yourself on where the nearest emergency exits are.
  •  Install smoke alarms. Although this might not seem necessary for some condo residents, it’s a good way to increase fire safety in your unit. If a fire starts inside your unit, it might be difficult for the building staff to know about it. A smoke alarm will not only useful for you but also for your nearest neighbors.

Boulder Colorado Real Estate

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Boulder condos for sale

BEST SOLUTIONS FOR AN ENERGY EFFICIENT OLDER HOME

BEST SOLUTIONS FOR AN ENERGY EFFICIENT OLDER HOME

Home built in 1981. It has electric heat (e.g., insulation is good). Goal: to protect home equity. Budget: good. Increasing performance and lowering maintenance are key factors.

To make this home as efficient as possible there are certain things that can be done, however, if the home were being fixed up to sell, there are other things that can be done. Why?

  • One main reason: many improvements cost a lot of money to purchase and install and you will see the benefit in lower operational costs (heating and cooling) over the years.
  • You will see an ROI — return on investment and it will be worth it to you personally.
  • You may not see the same payback in the sale of the house.

The reasons for this are that – unfortunately – many home buyers do not appreciate the value of energy efficiency yet.I wish they did because this is the core of my business and it is definitely logical to consider such factors when buying a home, but at this time I would say it is not a primary factor in home buying.

Also, the market is limited. A certain size house in a certain neighborhood will only get so much in a sale price. The top money you might get may not be enough to cover the cost of the upgrades you have just made.

So keeping that in mind, this is what I would do if it was my house:

INSULATION. Be sure the house is as well insulated and sealed, from what you say it seems like it is, but check attic, cracks around windows, doors and electrical outlets. It is true – the envelope of the house is the number one key factor in energy efficiency.

WINDOWS – along the same lines. Are the windows relatively efficient. Are they double pane? Many people feel that upgrading windows is not worth the money in terms of ROI. I feel it is because it greatly improves the look and functionality of a house, not just the efficiency and when they are being installed you have a god chance to repair any rot and also caulk and seal for air infiltration.

HVAC SYSTEM. This is a big money ticket and if you were planning to stay in the house I would say definitely do it, but if you are selling I would try to figure out if the sale price would be worth the cost expenditure. Contact a heating service such as Hargrove-Neel or Lieber Mechanical for additional guidance. If you also need an HVAC repair in Fairfield, NJ or emergency HVAC repair in Waxahachie, TX, look into services such as these HVAC services in Tampa, FL.

If you decide to go for it I would seriously consider a gas or electric Forced-air system, or an air to air heat pump system (also called a ‘minisplit’ system.) This is similar to a geothermal system only it does not involve drilling into the ground. It is an extremely energy efficient (perhaps the most energy efficient) hvac system and it uses electricity as its fuel source. In your case this means you do not have to switch over to natural gas (which may not be available in your area.)

CONSIDER AN ERV OR HRV. Energy Recovery Ventilators or Heat Recovery Ventilators provide air that keeps occupants healthy, removes odors, reduces moisture, removes indoor pollutants and lowers the relative indoor humidity.

Basically they take ‘used’ heat and moisture from the air that is leaving the house, while mixing it with fresh air entering the house. Dedicated duct work is ideal for your new HRV or ERV, because fresh air is delivered to the living room and bedrooms, while stale air is removed from bathrooms, laundry room and kitchens. However if you do not have a ducted system in your house already the ERV/HRV can still be installed to great effect.

ENERGY STAR APPLIANCES. Replacing old energy hog appliances is a great way to save a lot of money every month.

ELECTRICAL LIGHTS AND ACCESSORIES. Have you changed all of your light bulbs over to LEDs? Yes you can change them to CFLs – (you may have already done so) but as these burn out I would consider LED bulbs. I find them to have a much nicer light quality, they come on instantly, can be dimmed to 20%, and each bulb will last for years longer than the CFLs. Minor things like good lighting that comes on right away can greatly improve your own mood and a home buyers mood.

Also – for yourself – things like power strips, battery back up surge protectors and master cut off switches can reduce the amount of electricity you use for tv’s and computers and other appliances and make your home and equipment more safe at the same time.

LOW FLOW PLUMBING fixtures and appliances. Many of these represent ‘low hanging fruit’ as they can easily be installed for not too much money upfront. Things like shower heads, faucets, dishwashers, and washing machines are all readily available in low flow or low use options and reduce water usage significantly. The affordability and manageability are complemented by the UK sizing feature for dishwashers.

FINISHES AND FURNISHINGS inside the house. These items have less to do with efficiency and more to do with health and durability but they often have a bigger impact on home sales.

FINISHES AND FURNISHINGS inside the house. These items have less to do with efficiency and more to do with health and durability but they often have a bigger impact on home sales.

  • What kind of floors do you have? Hardwood floors are more long lasting, durable, easier to clean and many home buyers find them more appealing than carpet or vinyl. Consider having your floors redone.
  • Same goes for kitchen cabinets and counter tops. real wood or stone, or even some of the higher end manufactured counter top products can really transform your home in a home buyers eye because they truly do represent clean, healthy, durable living.

THE EXTERIOR OF YOUR HOUSE: This is mostly a durability and maintenance issue.

  • What is the condition of your siding and roofing? If they are good, check flashing and caulks.
  • Check your gutters. Make sure that water is running away from the house top to bottom.
  • Consider installing rain barrels at each gutter downspout and use the water to water your garden or wash your car.
  • Keep in mind that you could add insulation to the outside of your house if you are considering re-siding, it costs a bit more but it does add a lot to your envelope efficiency.

 

John Marcotte
Marcotte Real Estate Group
720-771-9401

john@boulderhomes4u.com

Search for homes on my website @ www.boulderhomes4u.com

When thinking of Real Estate, think of John Marcotte
I’m never too busy for your referrals.

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Citigroup to pay Freddie Mac $395 million on suspect mortgages

Citigroup to pay Freddie Mac $395 million on suspect mortgages

A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange, October 16, 2012. REUTERS/Brendan McDermid

By Jonathan Stempel

Wed Sep 25, 2013 5:39pm EDT

(Reuters) – Citigroup Inc on Wednesday said it agreed to pay $395 million to Freddie Mac to resolve claims of potential flaws in roughly 3.7 million mortgages it sold to the housing finance company from 2000 to 2012.

Citigroup, the third-largest U.S. bank, said the settlement also covers potential future claims arising from the loans bought by Freddie Mac, a large purchaser and guarantor of home loans.

The deal follows an agreement by Citigroup in July to pay $968 million to settle similar claims by Fannie Mae, the largest U.S. mortgage finance company. Both Fannie Mae and Freddie Mac were bailed out by the federal government in 2008.

“Today’s agreement with Freddie Mac marks another important milestone in successfully resolving Citi’s remaining legacy mortgage issues,” Jane Fraser, chief executive of CitiMortgage, said in a statement.

Freddie Mac also praised the settlement. “The agreement is an equitable one that resolves legacy repurchase issues, and allows both companies to move forward,” Freddie Mac spokesman Tom Fitzgerald said.

Citigroup said the payment is covered by its existing mortgage repurchase reserves.

The New York-based bank received three federal bailouts in 2008 and 2009, and has since been shedding or scaling back in some of its higher-risk, slower-growing businesses.

Many banks including Citigroup sold millions of home loans to Freddie Mac and Fannie Mae, which in turn packaged them into securities that could be sold to investors.

In selling mortgages loans, banks make representations and warranties such as how well the loans were underwritten, and whether the borrowers can afford them. Banks can be forced to repurchase soured loans if those claims prove wrong.

Mounting losses from troubled loans were a key factor in the 2008 bailouts of Freddie Mac and Fannie Mae.

Wednesday’s settlement does not free Citigroup from liability on servicing the loans, and excludes fewer than 1,000 loans that carry special contractual rights and obligations.

In January, Bank of America agreed to pay Fannie Mae $3.6 billion to compensate for troubled home loans and to buy back an additional $6.75 billion of loans.

(Reporting by Jonathan Stempel in New York; Editing by Gary Hill and Leslie Adler)

 

John Marcotte

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Credit Repair Companies

Credit Repair Companies

Make Sure Their Strategy Works for YOU

Credit Repair Companies -  Make Sure Their Strategy Works for YOUBy Steve White

Credit scores and other credit worthiness instruments are more important than ever before. Our American way of life, which includes borrowing on and paying with credit, has come to depend on it.

There exist consumers who have had their reputations and credit histories severely damaged by identity theft and credit card scams, or simply due to personal financial circumstances. Thus, they turn to credit repair organizations for help. But consumers must know with whom they’re dealing. On the flip side, legitimate companies must often lookout for those trying to pass themselves off as anything less than ethical.

If you’re in search of a credit repair company, the endless number of organizations claiming to help may be overwhelming. But here’s a helpful tip: Narrow down your search by researching the strategy the company uses, and make sure it works for YOU.

The methods the company uses to repair credit are important. Avoid those using a “standard dispute letter” approach, as this may be insufficient for your needs. A company that follows a pre-litigation approach, used by Consumer Law Attorneys, generally provides the best results. The key to this approach is the initial threat of legal action sent to the creditor. Make sure the firm you choose goes to the creditor first on your behalf.

The “right” company is out there and with this knowledge you’ll be sure to make a wiser choice when enlisting help to repairing your credit.

Steve White is the CEO and President of American Credit, a decade-old credit repair company and financial services firm specializing in credit restoration and consultation services.

 

 

John Marcotte

720-771-9401

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Pending Home Sales Slip on Constrained Inventory

Pending Home Sales Slip on Constrained Inventory

February pending home sales flattened with limited buyer choices, but remained at the second highest level in nearly three years, according to the National Association of REALTORS®.

The Pending Home Sales Index, a forward-looking indicator based on contract signings, slipped 0.4 percent to 104.8 in February from a downwardly revised 105.2 in January, but is 8.4 percent higher than February 2012 when it was 96.6. Contract activity has been above year-ago levels for the past 22 months; the data reflect contracts but not closings.

Before January, the last time the index showed a higher reading was in April 2010 when it was 110.9, shortly before the deadline for the home buyer tax credit.

Lawrence Yun, NAR chief economist, says limited inventory is holding back the market in many areas. “Only new home construction can genuinely help relieve the inventory shortage, and housing starts need to rise at least 50 percent from current levels,” he said. “Most local home builders are small businesses and simply don’t have access to capital on Wall Street. Clearer regulatory rules, applied to construction loans for smaller community banks and credit unions, could bring many small-sized builders back into the market.”

The PHSI in the Northeast declined 2.5 percent to 82.8 in February but is 6.8 percent above February 2012. In the Midwest the index rose 0.4 percent to 103.6 in February and is 13.2 percent higher than a year ago. Pending home sales in the South slipped 0.3 percent to an index of 118.8 in February but are 12.1 percent above February 2012. In the West the index increased 0.1 percent in February to 101.4 but is 0.8 percent below a year ago.

Yun projects existing-home sales to rise about 7 percent in 2013 to approximately 5 million sales, which is near the current level of activity. “The volume of home sales appears to be leveling off with the constrained inventory conditions, and the leveling of the index means little change is likely in the pace of sales over the next couple months,” he said.

The national median existing-home price is forecast to rise nearly 7 percent this year, while mortgage interest rates should remain historically low, but trend up slowly and reach 4 percent in the fourth quarter.

 

Boulder homes sales continue to be on the rise!

Click here for info on selling your Boulder home

 

John Marcotte

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