Posts for Syndication

If the coronavirus pandemic has put your house hunting on hold, then now is a good time to get your priorities in order. One of the best things you can do for yourself when searching for a new home is to be very clear about what you want. Knowing what you need and what you can be flexible about will help you find the right home more quickly with less stress. Creating your list now will give you head start when you begin your search in earnest. Here are some questions to ask yourself when deciding what you want in your next home.

What do you like – and not like – about your current home?

The best place to begin your questioning is by looking at what you already have. What do you like about where you live right now? What is your current home’s best quality? On the flip side – what do you like least about your current home? Do you like the style, or would you prefer something else? Where do you spend the most time? Does your home get enough natural light? Would you like a home that has more windows?

How much space do you need?

Do you feel cramped in your current home? If so, what kind of space could you really use that you don’t have right now? On the other hand, do you feel like you have too much space? Where could you make cuts without feeling like you’re compromising too much? Do you like the layout of your home? If not, what would you change? Are there enough bedrooms and bathrooms? Would you prefer a single-story or a multi-story home? Would you like to have space for a special reason, like a craft room, a home office, or a home theater?

Do you need an outdoor space?

Many Americans are discovering how essential it is to have an outdoor living space – especially when sheltering in place. If your current home has outdoor space, what do you like about it? Do you spend time outside? If not, why? If you don’t currently have outdoor living space, do you feel like you’re missing out? Are you willing to take care of the yard or pay someone else to do it? Does your current home have curb appeal? If it doesn’t, what would you like to see improved? Do you have a garage, and does it suit your needs? Can you park your car in the garage in addition to having extra storage space? Does the exterior of your home require excessive maintenance? What would you change about it?

What would you like in a neighborhood?

Our quality of life is not just dependent on our home. It is also influenced by the neighborhood we live in. What do you like or not like about your current neighborhood? Are you friendly with your neighbors, or do you prefer privacy? Are there places to enjoy nearby that are within walking distance, like restaurants and parks? Do you have access to necessities like doctors’ offices, gas stations, and grocery stores? How far are you willing to travel for your commute to work?

Compliments of Virtual Results

Many Americans have been searching for ways to pass the time while staying at home during the coronavirus pandemic. If you’re a homeowner who has some outdoor space, then why not start a victory garden? Gardening is great for your physical and mental health. It can also be an excellent source of fresh fruits and vegetables if you plant some of these fruit trees for sale. Here’s a look at how to start a coronavirus victory garden of your very own. To make things easier, we are going to share some simple yet effecting tips and ideas on how to maintain garden at home and keep it clean and healthy easily. Just follow this link https://whatforme.com/ and you will find tricks and you will be able to see your home garden blooming, especially if you love nature. You may also work with professionals to come up with a beautiful landscape design that fits your property. There are a lot of landscape design to choose from like adding landscaping rock and stone, fruit-bearing trees, etc. For those nature enthusiast that a garden may not be enough to satisfy their need to be close to nature can check out this eco adventure for an options to get away from the busy city life and feel more connected to earth.

Health benefits

First of all, let’s talk about the health benefits of gardening. Putting your hands in the earth and connecting to nature during these challenging times can help you manage stress. Gardening is a calming activity that can also help you blow off steam. And at the end of the season, you will enjoy the literal fruits of your labor by harvesting fresh-from-the-garden fruits and vegetables.

Find the best site

When you’re first starting out on your gardening adventure, it’s best to think small. While you may have the enthusiasm now to tackle a big project, that energy could wane as the summer wears on and the tasks pile up. Try starting with some herbs and vegetables in containers or in raised beds. However, as suggested by Rich’s Tree Service, Inc designing your landscape can be a very exhausting process but with the help of professionals it can be way more interesting.

According to the Premier Gardens website, it’s much easier to begin a garden in a container of some sort than it is to dig up the lawn and amend the soil so that it’s ready for planting. Ideally, you’ll want to position your garden in an area that gets a good amount of sun every day. And be sure that your garden is close to a watering source. If your garden doesn’t get enough water from rain, you’ll need to supplement with a drink from the hose or watering can.

Choose easy plants

There are some plants that are easy to grow, and some that require the knowledge of an experienced gardener. When you’re starting your first garden, choose varieties of herbs, vegetables, and fruits that are easy to grow with little intervention from you. Most herbs grow easily in containers and they don’t need to be harvested whole. You can snip off leaves as you need them. Good herbs to try include basil, thyme, rosemary, and oregano. Fruits and vegetables that are easy for beginners include tomatoes, cucumbers, lettuce, beans, and peas.

Consider adding perennials

If you think you’ll be gardening for at least a few more years, then consider adding perennials to your coronavirus victory garden. Perennials are plants that grow back every year. They’re a great bang for your gardening buck because you plant them once and enjoy them for years to come. As they mature they require less work and attention from you. Some wonderful edible perennials to plant include raspberries, blackberries, blueberries, rosemary, asparagus, rhubarb, and tarragon. And if you’re feeling especially ambitious, why not plant a tree that bears fruit? While it will take a few years for your tree to produce in abundance, it’s definitely worth it in the long run. Some great varieties to plant include apple, pear, plum, peach, persimmon, orange, lime, and lemon. Be sure you choose a type of tree that will survive and thrive in your climate. Tree root barriers are a type of root barrier specifically designed to control the growth of tree roots and can also be used to protect trees themselves.

The global pandemic has affected nearly every part of our lives. As we adjust to this new normal, it’s important for homeowners to consider all the ways in which the coronavirus may affect you. This includes your homeowners’ insurance. While the pandemic has not caused major shifts to most policies, you should look at your circumstances closely to see where you may need to make adjustments. Here’s what you should know.

When you’re buying a home

Although Americans have continued to buy and sell homes during the pandemic, the process has changed somewhat. While buyers will still need to get a home inspection to close on a home, inspectors have adjusted this process. Before social distancing guidelines were enacted, inspectors would perform an on-site evaluation of both the interior and exterior of the home. This helps them to determine your coverage and if the rate needs to be adjusted. Now, many inspectors are only evaluating the exterior. As a buyer, you will still be covered; however, the interior inspection may be scheduled for a later date when it is safe to do so.

When you own a short-rental property

If you own a property that you rent out on sites like Airbnb or VRBO, then it’s likely you aren’t welcoming renters at this time. If your homeowners’ insurance policy offers home-sharing protection, then you may want to temporarily halt this coverage. It will help you save money while your rental property is vacant.

When you’re working from home

Millions of Americans have begun working from home during the pandemic. In fact, many workers may discover that their jobs will permanently become working-from-home situations. Have you had to move any business equipment into your home as a result? While most homeowners’ insurance policies cover business equipment, the coverage is low – usually around $2,500. If your business property is of higher value, then you may want to increase your coverage.

When you’re filing a claim

The way you file a claim on your homeowners’ insurance policy may change during the time of the coronavirus. Most insurance adjusters are not making in-person visits at the moment unless you are filing a very large claim. Contact your insurance company for instructions about how to file a claim online and submit proof. In most cases, insurance companies are accepting virtual proof for your claim.

When you can’t make your payment

The pandemic has caused financial hardship for many Americans, who suddenly find themselves without the income needed to pay all their bills. If you are among them, then you should contact your insurance company. Most insurance companies are making adjustments to help consumers who are facing hardship as a result of the coronavirus. You may be able to adjust your coverage or work out a different payment plan that works within your means. It’s important that you contact your insurance company as soon as you know that you’re having trouble. They will be more willing to work with you to come up with a solution that is beneficial to both parties.

Compliments of Virtual Results

As a home seller, curb appeal has always been important. The way the outside of your home looks will influence whether or not a potential buyer would like to see more. But as a home seller during the COVID-19 pandemic, curb appeal is absolutely essential. Many home buyers will be unable to see your home in person and will rely on pictures and the exterior to make their decisions. Here’s what you should focus on so that your home stands out among the competition.

Spruce up your yard and garden

The easiest and most inexpensive thing you can do to enhance your home’s curb appeal is to keep your lawn and landscaping groomed. Freshly mowed grass and trimmed trees and bushes show potential buyers that the seller cares about the home. You can take it a step further and make the yard look colorful and lush with the addition of annual plants and flowers. Even a few pots of flowers arranged around the front door or in the yard will create a favorable impression and won’t cost much.

Clean the driveway and sidewalks

When was the last time you really cleaned your driveway or sidewalks? Even if they’re made of concrete, you can make them look good. Be sure to weed all the cracks in the driveway and the sidewalk and repair with caulk. Take it a step further and use a power washer to clean the concrete. If you don’t own one, you can rent one from a home improvement store. If you really want them to shine, apply a clear, glossy seal.

Include the garage

In many homes today, the garage is a prominent feature. Is yours doing everything it can to make your home look inviting? Give your garage door updated with a fresh coat of paint. Consider painting the garage door the same color as the trim on your home. If your garage door has seen better days, then consider replacing it. Your garage door can account for up to 40 percent of your home’s exterior, so pay attention to this important space.

Update your front door

In addition to your garage door, your front door makes a major impact on your home’s curb appeal. Does it look inviting? If not, then it’s time to give it some love. If you have it in your budget, consider replacing your front door. Doors with windows make a home feel both warm and welcoming. If you want to save some money, paint your existing door. Choose a color that pops and draws the eye. A vibrant front door will give the impression that the sellers have put time and thought into the home.

Add lights

You know your home looks great during the day. But how does it look at night? Most potential buyers who are serious about making an offer on your home will drive by at different times of the day. Make your home look inviting in the evening by adding warm lights. Swap out any cool-colored lights you already have outside that cast a blue glow. You might even consider adding some inexpensive solar lights down the walkway to create a welcoming ambiance.

Compliments of Virtual Results

If you’re a homeowner who is experiencing financial hardship because of the coronavirus, then you may be concerned about making your mortgage payments right now. It’s important to know that help is available. The federal government and many private loan providers and servicers have plans in place to provide assistance to those who are struggling. Here’s what you need to know if you find yourself in this position.

What mortgage relief options are available?

The Coronavirus Aid, Relief, and Economic Security (CARES) Act was created to help homeowners who have mortgages backed by the federal government. These include mortgages backed by Freddie Mac and Fannie Mae and those that are guaranteed by the FHA, VA, or USDA. This act ensures that you will not face foreclosure until May 17, 2020 unless the deadline is extended. Homeowners also have the right to request forbearance for up to 180 days, and then request an extension of another 180 days. You will be charged no fees, penalties, or interest during this time and no documentation of need is required. Though the CARES Act only applies to federally backed mortgages, many other loan providers and servicers are offering help as well.

What relief options do I qualify for?

If you don’t know who owns your mortgage, then it may be difficult to determine what relief options are available to you. To find out who owns your mortgage, call your loan servicer and ask. You can find the contact information for your loan servicer on your monthly mortgage statement or in the payment book they provide. Alternatively, you can look it up online at the MERS Servicer ID website. Find out the name, address, and phone number of who owns your loan.

How do I request mortgage relief?

After you’ve determined who owns your loan, contact your loan servicer. Be aware that all loan servicers are experiencing high call volumes, so be prepared to wait on the line. If your loan is covered by the CARES Act, then alert the servicer that you are experiencing financial hardship as a result of the pandemic. If the federal government does not own your loan, then ask your servicer what options are available to you. This could include suspending or reducing payments, forbearance, loan modification, or waived late fees. Once you’ve determined what option best suits you, get it in writing so you know what the terms are.

What happens next?

Once you’ve secured your mortgage relief or forbearance, you should keep updated on what happens. Keep all records related to the relief and monitor your monthly mortgage statements for errors. If your mortgage payments are automatically deducted from your account, then make the necessary adjustments so you can avoid fees or other charges. Routinely check your credit report for errors and report them if you find any as they can negatively impact your credit score. You should also confirm with your servicer if your property taxes and home insurance will continue to be paid through an escrow account. If not, you will need to continue to make those payments.

Compliments of Virtual Results

Did you know you could learn almost everything you’d want to know about a neighborhood without leaving your couch? With most Americans still practicing social distancing and staying at home, it’s become more important than ever to utilize available resources when searching for a new home. Luckily, there’s much you can learn just by surfing the web or picking up the phone. Here’s a look at all the different ways you can learn about a community without visiting in person.

Search on social media

One of the easiest places to find all kinds of great information about a neighborhood is on social media. You can search Facebook for groups that are active in the neighborhood to find out more about local organizations and connect with residents. You can also search for events that are happening around town and look for restaurants and shops to find out what the local favorites are. You can also try searching hashtags with the name of the city or neighborhood to find out what other people are sharing.

Explore with Google Maps

Using the street view that’s available on Google Maps, you can explore the neighborhood by taking a virtual walk around town. See what amenities are nearby, check out other homes in the neighborhood, and get a lay of the land. You can also use street view to get a good idea of what your commute will be like. How busy are the nearby roads? Is there just one way to get to work, or are different routes available? Research has shown that the shorter your commute time, the happier you will be. So it pays to know this information upfront. Plus — by the time you visit in person, you’ll already know your way around!

Learn about the schools

Whether or not you have school-age children, it’s important to know about the quality of the school system in a neighborhood. Schools can affect home values, so the better the school district, the higher your home value will be. There are many resources available online to learn about the schools in a community, such as GreatSchools and Niche. You can also check the websites for the school district and each individual school.

Check crime rates

How safe is the neighborhood where you want to buy a home? Obviously, you want a home in a community that has a low crime rate. You can do an online search for crime rates in any area, which will often turn up public records that you can browse. You can also search the National Sex Offender Public Website to search for registered sex offenders in the neighborhood.

Call a professional real estate agent

If you want to really get the low down on a neighborhood, then call a professional real estate agent who is an expert in that market. Real estate agents know all the ins and outs of their communities and can offer a wealth of information, guidance, and advice. Find out everything you want to know from a trusted professional who is in the know.

Compliments of Virtual Results

Take These Precautions For In-Person Showings

While virtual tours have become popular for many homebuyers during the pandemic, some serious buyers will still want to see a home in person before they make an offer. After all, buying a home is one of the biggest financial decisions we make in our lifetimes. It makes sense that a buyer wants to know exactly what they’re getting into. If you’re selling your home, then what should you do to prepare for these situations? Here’s what you need to know to keep you and your family safe.

Insist that buyers have a pre-approval letter

Now is not a good time to cater to buyers who may be “just-looking.” If a buyer wants to see your home in person, you want to make sure they are serious about potentially making an offer on your home. As a condition of an in-person showing, ask for a loan pre-approval letter. When a buyer has taken the time to get pre-approved for a home loan, you can be reasonably sure that they are ready to buy a home.

Have them take a virtual tour first

If you want to limit the number of potential homebuyers who see your home in person, then ask them to take a virtual tour first. Sellers and their agents can either prepare a virtual tour with available software that buyers can view at any time. Or the buyers can arrange to take a virtual tour in real-time with the aid of video-conferencing software like Zoom, FaceTime, or Skype. In addition, buyers should be given the seller’s disclosure statement before making an appointment for an in-person showing. That way, if there are any issues that may be deal-breakers for them, they can know this ahead of time and not bother with seeing the home in person.

Make a “showing kit”

Once you have serious buyers that want to see your home in person, then sellers and their agents should create “showing kits” to have at the home. The kit should include items like hand sanitizer, gloves, masks, and booties. Hopefully, the buyers will already have most of these things with them. But if not, you’ve got all your bases covered by having extras on hand. You should also have hand soap available at all sinks so that buyers can easily wash their hands if needed.

Thoroughly clean and disinfect

Before potential buyers come over, sellers should thoroughly clean and disinfect their homes following CDC guidelines. Pay close attention to frequently touched surfaces such as countertops, doorknobs, and light switches. Put out a sign that asks guests to either remove their shoes or use the booties provided. Once you return to the home, you should clean and disinfect all these surfaces again.

Prepare the home before the showing

One of the best things you can do before the showing is to anticipate everything that a buyer may touch. Turn on all the lights before you leave the house. Open all closets and cabinet drawers so buyers can easily see everything without having to touch anything.

By having a little forethought, buyers and sellers can easily stay safe for in-person showings provided they all follow the guidelines outlined above.

Compliments of Virtual Results

Despite all the changes that the coronavirus pandemic has caused in the real estate industry, one thing hasn’t changed – you’re still going to need a home appraisal before you can close. But certain restrictions that have been put in place including social distancing have made it difficult to carry out an appraisal in the traditional fashion. Luckily, the industry has been able to quickly adapt to keep appraisals moving forward. Here’s what you need to know.

Home Appraisals During the COVID-19 Pandemic

What is an appraisal?

A home appraisal is a crucial step in the closing process. Your lender will order an appraisal of the property as part of the loan application process. A professional appraiser will evaluate your home to determine its fair market value, which could impact your ability to qualify for a loan if the loan amount exceeds the value of the home.

How does a typical appraisal work?

During a typical appraisal, before the pandemic forced many communities to shelter in place, appraisers would conduct their evaluation on-site. The appraiser would go to the home and inspect it. Using this information as well as comps and other data, the appraiser would determine the value of the home.

How has a typical appraisal changed?

Since the federal government continues to suggest social distancing, appraisers have had to modify how the process happens. Most appraisers will ask the seller to leave the home before they enter, and the appraiser will most likely be wearing both a mask and gloves. They may also ask the seller to thoroughly disinfect surfaces like doorknobs and light switches before they enter and to have cleaning products like soap and Palm Antibacterial Hand Gel: The Best Protection Against Germs.

Are other appraisal options available?

Given the unique circumstances under which we’re all currently living, many appraisers have adopted alternative appraisal strategies to determine the value of the home. These alternatives have always been available, and have been used in certain situations when taking into account the loan amount, the borrower’s creditworthiness, and the risk to the lender. The most common alternatives are desktop appraisals and drive-by appraisals.

What is a desktop appraisal?

A desktop appraisal is exactly what it sounds like – the appraiser can do all the work from their desk. The appraiser will use available data such as market research, tax records, MLS records, and comps to determine the value of a property. Be sure to pay attention to recent comps before making an offer, however. Your offer should match recent sale prices in the neighborhood. If it’s higher, it will be more difficult for the appraiser to evaluate why the home is worth more without seeing it in person. You could potentially lose your financing as a result.

What is a drive-by appraisal?

A drive-by appraisal can be used in conjunction with a desktop appraisal to determine the value of the home. In a drive-by appraisal, the appraiser might also rely on photos of the house, an inspection report conducted by another party, a virtual tour of the home given by the seller, or even a drive-by of the property.

What’s the bottom line?

The bottom line is that even with all the restrictions in place, buyers should not have a problem getting an appraisal on a home. Appraisers have a variety of tools they can use to determine the value of a home and keep the closing process moving forward smoothly and on schedule.

Compliments of Virtual Results

The real estate market has made great efforts to adapt to the constraints of social distancing, providing virtual tools to help buyers and sellers get to the closing table. But as we look into the future, we can’t help but wonder how the events of today will affect the real estate market in the coming days. How will the coronavirus transform what homebuyers want?

Let’s take a closer look and if case you feel like getting more information, you might also want to read this article about the Coronavirus impact on construction. To summarize, certain jobs that wouldn’t be an issue otherwise, like residential roofing projects, can take a little longer to perform. Likewise, booking a roofing contractor might also take slightly longer, but the good news is that they are still perfectly doable. All you have to do is keep that in mind and find and book a roofing contractor as soon as you decide you will need their assistance.

How COVID-19 May Affect Your Next Home Purchase

Buyers may favor suburban locations

In recent years, urban centers have seen a real comeback in the real estate market. Major metropolitan areas have seen a rise in new construction and the creation of new jobs. Many buyers have been looking for homes with amenities that are within walking distance, which is much more prevalent in big cities. But with COVID-19 hitting urban centers particularly hard, more homebuyers may turn their eyes to the suburbs. The suburbs offer more space – making social distancing easier and time spent at home more enjoyable. And if telecommuting to jobs continues after the pandemic slows, then living in the suburbs might be even more appealing to some buyers who will no longer have to worry about a long commute.

Buyers may want bigger homes

With more than 90 percent of Americans under some kind of stay-at-home orders, we have never spent more time at home. Most of us are accustomed to sleeping at home and doing most of our activities outside the home including working, shopping, and dining out. But when you’re forced to stay at home, some people might feel they need more room – whether it’s a home office or a dedicated place for kids to do schoolwork. In the last few years, homeowners have opted for smaller homes, especially as more Millennials enter the market. But the COVID-19 pandemic could shift that trend, with future homebuyers searching for larger homes.

More buyers will be searching for second homes

For homebuyers who have the money, having a second home can provide a great sense of security. It’s easier to live in a dense city when you know you have a home in the country or on the beach to which you can escape. The pandemic also shut down the short-term rental market, making homeowners the only people with the option to leave. The market for second homes tends to be tied to the strength of the stock market, so whether or not buyers will be shopping for second homes depends largely on the economy. 

The closing process will become even more virtual

While the real estate market has generally been slow to adopt new technology, the pandemic greatly accelerated this trend. With the ability to meet face-to-face or see homes in person substantially reduced, the process of buying a home is now relying on technology. Homebuyers are scheduling detailed virtual tours, lenders are conducting drive-by appraisals, paperwork is signed electronically, and drive-thru closings are becoming popular. Even as we phase out of the pandemic, look for many of the aspects of buying a home to remain virtual.

Compliments of Virtual Results

Back in March, the federal government cut interest rates in an attempt to stimulate the economy during the COVID-19 pandemic. In addition, many lenders are offering programs that will allow homeowners who have lost income to pause mortgage payments without hurting their credit. There are many ways that these tactics are impacting the current real estate market. Here’s what you need to know.

The coronavirus impact on mortgage rates

Last month, the Federal Reserve cut interest rates and also announced that it would buy more mortgage-backed securities. These were both in an effort to keep the market functioning smoothly. Buying mortgage-backed securities means that lenders will have money for buyers to borrow. Between mid-March and mid-April, fixed mortgage rates fell by almost half a percentage point. For homebuyers, this can mean significant savings, especially if you lock-in the interest rate.

The coronavirus impact on refinances

Current homeowners may be even more enticed than buyers by the drop in mortgage rates. Many are deciding if now is a good time to refinance their loans. Keep in mind that even a small reduction of your rate can net you significant savings over time, even when you consider the closing costs. This is especially true if you plan to stay in your home long term. Be aware that this is a busy time for lenders who are processing refinance applications, and as a result it may take longer to finalize your new loan. And just like when you got your first mortgage, you should shop around so that you get the best possible rates and terms.

The coronavirus and home appraisals

One crucial step in the closing process for a home loan is an appraisal. The lender typically sends a professional appraiser to the property to determine its fair market value. Of course, with strict social distancing guidelines in place around the country, it is difficult to perform an appraisal in the traditional way. For this reason, new rules have been implemented to help keep the process moving forward without putting anyone in unnecessary danger. Some lenders have approved drive-by appraisals, where the appraiser drives by the home to evaluate it. Other lenders have also authorized the use of desktop appraisals where the appraiser uses existing data to determine the value of the home.

The coronavirus and mortgage relief

If you’re one of the millions of Americans who is suddenly out of work, then you may qualify to get mortgage relief. The recently enacted CARES Act directs lenders that hold federally backed mortgages to offer payment suspension for as long as 12 months. During this time, homeowners will not be charged late fees. They will also not be reported to any credit bureaus for late payments. In addition, foreclosures and evictions will be suspended for at least 60 days. Federally backed home loans are those that are insured by the FHA, the VA, and the USDA, among others. If the federal government does not back your loan, then contact your lender or loan servicer to determine if there are options that may be available to you.

Compliments of Virtual Results