Sherri Schneider, CBR, SRES, CIPS - Berkshire Hathaway HomeServices Verani Realty



Posted by Sherri Schneider, CBR, SRES, CIPS on 8/2/2020

When youíre buying a home, thereís a lot of excitement that surrounds the search and purchase of the property. In the process of buying a home, however, there are many things that buyers forget to take into account during their search and budgeting. Below, youíll find some information to help you be prepared as a buyer to consider your home purchase from all angles without missing a beat.  


The Expense Of Closing Costs


Remember that closing costs will be somewhere in the 3-5 percent range of the purchase price of a home. Amidst all of your savings, youíll need to consider this a part of your expenses. Closing costs need to be paid upfront in most cases. You can roll your closing costs into the financing, but it depends on the circumstances. There are no guarantees that the lender will agree to it. Your realtor can also sometimes negotiate for the sellers to pay the closing costs, but in a sellerís market this is quite rare. Be prepared with your closing costs and understand how much youíll need to spend so that you have an appropriate amount for the downpayment and the other expenses that youíll incur during the process of buying a home.  


The Cost Of Maintaining A House


Many buyers forget about all of the costs that they will need to pay for after they finish buying the house. In addition to a monthly mortgage payment, youíll need to pay for things like utilities, routine home maintenance, furnishings, and more. If you completely deplete your savings for the purchase of the home, thereís not a whole lot of wiggle room for you to pay for additional needs in the house. 


The Cost Of Furnishing And Decorating A Home


You may move into a home with a few pieces that you have previously owned. You could also need a lot of things from a bed to a sofa. All of these items can add up. You may even have to worry about little things like window shades, curtains, lamps, light bulbs, and more. 


Home Repairs Can Cost A Pretty Penny


If something needs to be done in your home, the repairs can cost you quite a bit. If youíre not paying attention during the home inspection, youíll be in for some surprises. Thatís why you need a good realtor to help you through the process. A new roof can cost thousands of dollars. New appliances are an expense you should plan for. Other major work that needs to be done around the house can also dip into your savings significantly. As a buyer, you need to be prepared for any of these expected or completely unexpected costs.           




Categories: Uncategorized  


Posted by Sherri Schneider, CBR, SRES, CIPS on 7/26/2020

Most adults go through a series of predictable life stages, which include the eventual desire to be a home owner. Some people take the plunge sooner than others, but that decision is typically set in motion by changing circumstances, such as financial readiness, additions to the family, or career advancement.

Owning your own home certainly has a different "feel" to it than being a renter. Not only do you tend to feel more established and successful, but home ownership gives you more control over your environment. When you no longer have to answer to a landlord, you don't have to concern yourself with unannounced visits, inspections, restrictions, rent increases, or even lease terminations.

Renting an apartment, condo, or duplex may make the most sense when you're getting your first taste of independence as a recent college graduate or a young newlywed couple. However, as maturity settles in, buying a house becomes the next logical step. In addition to the investment value of real estate, most people also gravitate toward the idea of more privacy, more control over their lives, and the sense of accomplishment that comes from owning your own home.

Parenthood brings changes. Once children come into your life, your whole perspective undergoes a seismic shift! New priorities come to the forefront, such as relocating to a better school district, living closer to relatives or a recommended child care facility, and having a spacious yard where your kids can play. Owning property with a private, grassy space for a sandbox, a swing set, or backyard birthday parties are also among the reasons home ownership appeals to young parents.

Gardening becomes an option. With few exceptions, the joy of backyard gardening is a pastime that's only available to home owners. Whether your interest lies in growing your own vegetables, herbs, or wildflowers, cultivating a garden can be a very satisfying aspect of home ownership. While there is definitely more work involved in landscaping, maintaining property, and keeping your lawn looking manicured, the pride of ownership that comes from beautifying your own yard makes it all worthwhile!

Building equity: While deluxe townhouse rentals and luxury apartments may offer some temporary appeal, there comes a time in life when you want your monthly payments to begin feathering your own nest, rather than helping your landlord retire comfortably! Although your rented living space may provide you with immediate comfort, ample storage, and a place to entertain friends, it's your landlord, not you, who's receiving the tax advantages and investment value of the property you're living in.

Even though apartment living or townhouse renting may have suited your purposes up until now, you can't help but wonder whether it's time for a change -- specifically, a change that can strengthen your financial security and provide you with a resource you can leverage and enjoy for years to come.





Posted by Sherri Schneider, CBR, SRES, CIPS on 7/19/2020

Photo by Free-Photos via Pixabay

Making your home a little more green won’t take much time or effort, but the results will pay off for years to come. You’ll consume fewer products, be exposed to fewer chemicals and even spend less money every month. Incorporate one or more of these easy green ideas into your home routine to see just how easy it is to live in an eco-friendly way.

  • Buy local: When it comes to food, items that are in season or produced near your home not only cost less, they don’t have to be trucked a long way to get to you. Less gasoline is consumed and your food is fresher, too, when you buy local produce, eggs and meat.
  • Swap out light bulbs: Swapping your conventional light bulbs for LED or smart bulbs can cut your energy consumption and the amount of bulbs you use. You don’t have to do this all at once, simply replace bulbs with more energy efficient models as they burn out.
  • Check for leaks: Faucets, outdoor hoses and toilets that run or leak are wasting water, and probably generating higher bills each month. Track down and repair leaks to conserve water and save.
  • Lower your water temperature: Lower the temperature on your water heater and you’ll save money. You’ll also make your home safer for kids or elderly family members, since overly hot water can lead to burns.
  • Green Clean: You can buy home cleaners that are made with fewer chemicals – or even make your own. Switch out over time, as you run out of conventional cleaners, and you’ll end up with a greener, healthier home.
  • Choose cloth over paper: It’s not always feasible, but using cloth napkins and towels in place of paper ones will cut your consumption. Save the disposable ones for bad spills and messes, and use cloth for everything else. You’ll use much less paper and see a dip in your spending, too.

Any of these ideas can help you go green at home, without much effort or expense. Choose one to start with and incorporate it into your routine – even small steps make a difference when you are opting for a greener lifestyle and home.

 




Categories: Uncategorized  


Posted by Sherri Schneider, CBR, SRES, CIPS on 7/12/2020

If youíre ready to sell your home, you may wonder if you can do it all on your own or if you need an agent to help you. If you understand what a listing agent can help you to do, youíll better understand their value. 


Listing Agents Help You To Price Your Home


Pricing your home for sale is one of the most challenging parts of selling. Your listing agent can help you to take some of the pressure off. They will do the market research and help you come to that sweet spot for the price. How much your home goes on the market for matters because if the home is priced too high or too low, it can cause buyer interest to dwindle. If the home isnít priced right, it can leave buyers wondering if thereís something wrong with the property or if a better deal will be available on the home at a later date. The price of a home is all part of the marketing strategy. 


Advertising Your Home Listing 


Realtors will be responsible for advertising your home listing. Your home for sale will be available across multiple listing services, giving your home the best chance of being seen by the right buyers.    


Coordinating Open Houses And Showings


Hiring a listing agent can save you a lot of time. Your agent will coordinate your open house and advertise it. Their phone will also be the phone thatís ringing when people want to schedule showings for the house. The agent will coordinate convenient times with you but they will handle the overall scheduling and contact with buyers. 


Questions To Ask A Prospective Listing Agent


  • How many homes have you sold in this area?
  • What price range property do you have the most experience with?
  • How long has it typically taken for a home to be sold?
  • What could be improved in my home to help it sell?
  • What is the marketing plan?
  • Who is the team that works with you?
  • Will you be taking photos or can we hire a professional?
  • Will we be using video marketing?


All of these questions can help you to understand whether youíre hiring the right listing agent for the job of selling your home. Listing agents work hard to earn that commission from the sale of your home. They want nothing more than satisfied clients. Your listing agent will also appreciate your recommendation for a job well done. Know that while you can sell your home on your own, there are many benefits to hiring a listing agent.      





Categories: Uncategorized  


Posted by Sherri Schneider, CBR, SRES, CIPS on 7/5/2020

If this is your first time buying a home, you might feel a bit intimidated by the purchase contract. Contracts are often filled with industry and legal jargon, making them difficult to understand for the average buyer and seller.

Contingencies in particular give some buyers cause for concern because their contract depends on the contingencies being fulfilled. However, in most cases contingencies are pretty standard and only serve to protect the interests of both the buyer and seller during a real estate transaction.

In todayís post, Iím going to give you an introduction to contingency clauses and break down some of the most common contingencies youíll find in todayís real estate purchase contract.

Contingency clause definition

Simply stated, a contingency clause is a statement within a contract that requires a certain event takes place before the contract is considered legally valid. As a result, contingency clauses are used to cancel or invalidate a contract if certain conditions arenít met before the sale is made final. So, if one party fails to meet the obligation of the contingency, the other party is no longer bound by the contract (or required to buy or sell the house).

Contingencies can get confusing when they are vaguely worded in the contract, making them difficult to interpret. In these cases, a court may decide the specific meaning of the clause or determine that it is too vague to be legally upheld.

The other instance in which contingency clauses can be confusing is when a party includes a contingency that is atypical for a real estate purchase contract. Buyers and sellers alike should be wary of unusual contingencies.

The main contingencies

  • Appraisal contingency. Designed to protect the buyer, appraisal contingencies require that a home is appraised at a minimum amount, which is stated in the contract.

  • Financing contingency. Another contingency geared toward protecting buyers is the financing contingency. It states the number of days that a buyer has to secure financing for the home. This allows the buyer to cancel the contract (and offer) if theyíre unable to secure suitable financing for the home.

  • Inspection contingency. One of the most important and most common contingencies is the inspection contingency. It allows the buyer to have the house inspected by a licensed professional within a certain number of days. This protects the buyer against unforeseen expenses and repairs that will need to be made in the near future.

  • House sale and kick-out contingencies. A house sale contingency gives the buyer a certain number of days to sell their home before financing a new one. However, since this can be a risky clause for sellers, a kick-out clause is often included. This contingency allows the seller to keep the home on the market and entertain other offers while the buyer secures financing and sells their other home or homes.





Categories: Uncategorized  




©2019 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC.
Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity