Homeowners Warned To Beware Of ‘deals’ For Repairs

The is warning homeowners to beware of who offer “good deals” on air-conditioning service, roof repairs, painting and remodeling, driveway sealing, and cement work, landscaping and various other types of .

Homeowners, especially , are routinely approached by door-to-door looking to make a quick sale. These usually say they are in the neighborhood and can give you a great price on leftover materials. Often, they ask for full or up front.

All Nevada licensed contractors have a five- issued by the . Either call the contractors board or go online, and reference this five-, to make sure a contractor is licensed and in good standing with the board.

Work that is less than $1,000 which does not require a city or county and does not involve electrical, plumbing, air conditioning/heating or does not require a contractor’s license.

However, the contractors board advises homeowners not to use because their work is generally , they are often uninsured and may not maintain workman’s for their employees, and the homeowner may be liable for all injuries to workers. Homeowners who use are not eligible for the Residential Recovery Fund, and by law their contracts are null and void.

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Friday, June 20th, 2008

For Sale by Owner Tips

Selling your home “For Sale By Owner” doesn’t have to be difficult. In today’s market of depreciating values it may be the best option you have. These tips may help you get the job done.

Prepare your home for buyers. New paint makes a world of a difference and is very inexpensive. Make sure it is clean, clean, clean. Most important and most over looked by sellers, you need to get rid of the clutter, inside and out. Less is more! Rent a storage facility or have a garage sale but get rid of the clutter. Less furniture makes a room look larger. Over stuffed closest are a real turn off to buyers who ALL want plenty of storage space. Get rid of all the nick knacks.

We all know how important is. Get those yards cleaned up, front and back! Remember, an appraisal has pictures of the as well as the front. I know this sounds silly but a junky tells an underwriter a lot about your home’s interior and maintenance routine. A buyer may over look it but the appraiser and lender do not.

Next, get a home inspection performed. An inspector will check the structure and systems in your home. He may find things you are not aware of. It is better to find and repair these issues before the buyer’s inspector does.

Make sure you price it right. Spend the money to get a professional appraisal performed by a HUD approved appraiser. Do not rely on a real estate agent’s market analysis. These are seldom accurate and many times an agent will just blow smoke by telling you what they think you want to hear.

Go sit down with your local mortgage broker. He has a wealth of knowledge you need to take advantage of. Most mortgage brokers have free FSBO programs that will help you immensely. It is important that you know what your costs will be based on the type of loan the buyer acquires. A VA loan will cost you more in closing fees and than a conventional loan? Will your home qualify for a FHA loan without making very costly repairs? If you are on a tight budget and need every possible dime out of the sale of your home you may want to negotiate in the contract that the buyer gets conventional financing.

A mortgage broker will also teach you the critical areas you need to watch in the sales contract. He may even provide you with blank contracts and other state mandatory disclosures required when you sell your home. Most brokers will even create your home flyer and more important, your financing options flyer. Perspective buyers want to know two things: how much will my payments be, and how much do I need to pay down plus closing cost.

You should list your home on a “For Sale By Owner” web site. I want to caution you here. A lot of these sites try to charge you a lot of for things that do not/will not help sell your home. Homebuyers DO NOT spend hours searching “For Sale By Owner” web sites. They work with real estate agents, read the papers, and drive on the streets in the neighborhoods they want to live in.

The advantage you get by listing your home on the Internet is that you put the URL in your newspaper ads, your flyers, and on your yard sign. When a buyer drives by your home and sees the URL on your yard sign he can look it up on the internet, see the photos,, and the price. IF they really like your home and they can afford the payments they will call you right away. If not, it is less of a bother for you. Letting lookey-loo’s in your home every week can get old quick. Don’t you really only want truly interested buyers at your door? There are many free FSBO websites on the net. Check it out.

With all this said, the rest is just common sense. You Can Sell It Yourself!

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Thursday, January 17th, 2008

Condo lifestyle beckons for many older adults

Condo living has its pluses. *The outside is carefree; homeowners are not responsible for lawn care or exterior . *One-level living — there aren’t steps to deal with and many units have elevators to upper floors. *Social network — a clubhouse serves as the hub of activity for events, parties and club meetings. * are included — tennis courts, pools and shuffleboard are just some of the features. Town homes have perks, as well. *Outside property still may be cared for. *Can be just as large as single-family homes. Still, single-family communities have benefits. *Living among people of a common age. *Avoiding noise associated with young children. *Privacy. *More yard space There are downsides as well that you should investigate before making a decision. Consider financial issues, for example. Condominium fees are charged to cover such expenses as exterior repairs and landscaping. In some instances, condo fees can be unstable, increasing every year, and not accounting for assessments to cover major repairs. Single-family homeowners must pay out of pocket for repairs and . “Most people in their 50s and older don’t want headaches and hassles,” says Shevitz. “They like to live in communities where things are taken care of for them, and they have access to amenities.” This story first was published on BaltimoreSun.com, the Web site of The (Baltimore) Sun, a Tribune Publishing newspaper.

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Friday, December 28th, 2007

Condo lifestyle beckons for many older adults

Condo living has its pluses. *The outside is carefree; homeowners are not responsible for lawn care or exterior . *One-level living — there aren’t steps to deal with and many units have elevators to upper floors. *Social network — a clubhouse serves as the hub of activity for events, parties and club meetings. * are included — tennis courts, pools and shuffleboard are just some of the features. Town homes have perks, as well. *Outside property still may be cared for. *Can be just as large as single-family homes. Still, single-family communities have benefits. *Living among people of a common age. *Avoiding noise associated with young children. *Privacy. *More yard space There are downsides as well that you should investigate before making a decision. Consider financial issues, for example. Condominium fees are charged to cover such expenses as exterior repairs and landscaping. In some instances, condo fees can be unstable, increasing every year, and not accounting for assessments to cover major repairs. Single-family homeowners must pay out of pocket for repairs and . “Most people in their 50s and older don’t want headaches and hassles,” says Shevitz. “They like to live in communities where things are taken care of for them, and they have access to amenities.” This story first was published on BaltimoreSun.com, the Web site of The (Baltimore) Sun, a Tribune Publishing newspaper.

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Friday, December 28th, 2007