Realty Vision


Posted by Realty Vision on 12/8/2016

To buy or not to buy that is the question. There are reasons for or against homeownership on both sides of the fence. So here are the pros and cons of buying a home. You decide... Pros: 1. It Costs Less- With record low interest rates, and low home prices a mortgage payment on a house can be less than a rental payments. 2. Equity -If you own a home rather than rent you are building equity. If you pay rent you have nothing to show for it. If you own a home you are building equity. Even if housing prices stay flat part of your mortgage payment goes towards the principal balance and eventually you will own the home. Cons: 1. You Could Get a Better Money Return-A home may not be the best return on your money. You may find a better return on capital in the stock market. If you are just looking at it in a strictly financial way there are better investment strategies. Historically, the S&P 500 has returned an average of 13.4% -- 4.8% higher than the 8.6% average return on housing. 2. It is a Big Commitment-You can't just sell your house and move quickly. It is a long term decision. If you job requires frequent moves this can be a significant consideration. Now that you have seen some of the pros and cons the decision is ultimately up to you and what is best in your circumstance. The pros cannot be disputed. Low rates and prices almost make buying a no-brainer if it fits within your financial situation.





Posted by Realty Vision on 8/25/2016

Green building or the practice of building better homes using processes that are environmentally responsible and resource-efficient promotes resource conservation through energy efficiency and water conservation. This practice complements and expands the traditional builder design concerns of durability, utility, economy and comfort. In the regions, where summer heat can be horrific and fierce winter winds are sure to blow, many new homebuilding contractors incorporate eco-friendly techniques, practices and products to create a healthy and comfortable home that promotes energy efficiency and reduces operation and maintenance costs. Green building practices do not necessarily increase the original construction cost. However, they do lower operating cost over the lifetime of the structure. Today, designers, architects, and home building contractors are “raising the bar,” setting new standards in upscale home construction. The latest advances in Internet technology and the ready available of wireless communication have given birth to a treasure chest of “smart home” amenities that serve to enhance green building practices and products. Cutting Heating And Cooling Costs Reducing the overall operational energy your home consumes for cooling, heating, lighting, ventilation, appliances and equipment during its life is a worthy goal. Not only do you save money and quickly recoup your original investment, but you also help reduce your carbon impact on the environment and do your part to protect the planet. Real estate market research shows that, when and if you get ready to sell your home, an energy-efficient smart home sells faster and at a higher price than a comparable property without green building and smart home energy conserving amenities. Installing extra insulation above the regions minimum building codes is a wise investment that pays for its self over a very short amount of time and then continues to pay a return on investment over the lifetime of the home. Known in the building trade as “Super Insulation” refers to the amount of insulation material needed to maintain heating costs at 33 percent or more than conventional methods. Summer Home Cooling Solutions During the brutally hot days of late summer, a sprinkler system installed on the roof ridge can envelope the entire home is a cloud of cooling mist. Electronically controlled with a smart home app, rooftop sprinklers can operate on automatic temperature control signals, or activate anytime with a click of an app. Working with your architect and builder, the same sprinkler system can be installed to provide a fine cooling mist to patios and pool decks. Water Conservation Water conserving plumbing fixtures use less water and do the same task without compromising performance while reducing water use and therefore water bills. No matter the size of your budget or the scope of your building plans, it is important to research green building products and practices, as well as the latest innovations in smart home technology. While all the options may not apply to your situation, you are sure to find several amenities to enhance comfort and save home operational costs.    




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Posted by Realty Vision on 7/28/2016

Condos are a popular style of home for first-time homebuyers and anyone who is interested in less work to do around the home. Condos are typically multi-unit complexes that share one or more walls with the other units. Let’s take a look at the pros of owning a condo. Affordable: Condos are an affordable alternative to a single-family home in a desirable location that is known for it’s high priced homes. This may be because you are looking in a city or within close proximity to a large city or even by the water. You are likely able to find a condo with decent square footage at a price point that you can afford whereas a single-family home with that same square footage would be much more expensive. Easy to Maintain: Condos come with homeowner association fees or HOA fees. These fees are monthly and cover things like utilities, reserve and contingency funds, amenities, maintenance and repairs, which includes lawn care, snow removal, trash removal, exterior upkeep, etc. This is often why young homeowners find condos so appealing, as they do not need to worry about landscaping, snow removal and exterior upkeep. There is also no need to worry about purchasing those items with large price tags such as lawnmowers and snow blowers as that is taken care of for you. Location: Another reason why condos are so popular amongst young homebuyers is because they are able to purchase their own home that is in a city or very close to it. Young homebuyers are typically working in a city and therefore would like to be close to work, nightlife, and shopping. Condos give these young people the ability to purchase a home in a city rather than having to rent. There are many pros to purchasing and owning a condo, but it’s important to also weigh the cons. There are certain limitations that come with owning a condo that do not exist when purchasing a single-family home. Purchasing a home, regardless of its type, is a large investment and commitment. It’s important that you fully research the market and find exactly what you’re looking for in your price range and then begin your house hunt.





Posted by Realty Vision on 5/12/2016

There is a saying often used in the real estate industry to refer to buyers, it says buyers are liars. That is in fact not case. The perception comes from the fact that buyers often buy on emotion rather than their needs. Buying on emotions often leaves buyers passing over a potential good deal or fit and instead overpaying for their dream home. Here are some common buyer errors and how to avoid making them. 1: Not using the right agent Choose an agent that works in the local market and never go it alone. An agent has the skills to negotiate the best deal for one of the biggest purchases of your life. A local agent has the lay of land and knows the area well and will be able to find you the right fit. 2: There usually isn’t a better deal When buyers keep waiting for a better deal they often miss out. When you find a house that fits your needs go for it. Don’t wait because there is no guarantee that a better deal will come on the market. 3: Overpaying for cosmetics Look at the structure and the function of the home. Paint colors or décor don’t matter in how much the house is ultimately worth. Often buyers will pay for cosmetics and staging in a home and ignore a better deal that isn’t perfectly decorated or match their taste. 4: Not negotiating realistically Who doesn’t want to get the lowest possible price when buying a home? Buyers need to understand there is a big difference between negotiating and lowballing. If a buyer truly wants a chance at a sale it is best to make a fair offer. Lowball offers often immediately get rejected or cause the seller to become agitated which often ends negotiations. Buyers must understand a lowball offer comes with a risk of losing the property.





Posted by Realty Vision on 2/25/2016

You may think buying a short sale is a good deal and many times it can be a good option. Short sales can also be fraught with complications and often can easily fall apart. Here is a list of things to be aware of so your short sale doesn't become a long shot. • When a house is placed for sale as a short sale the owner doesn't always have the authority to sell the house at the advertised price. The owner hopes the bank will accept that price as a short sale. • The negotiating process is far different than a regular sale. You often will first negotiate with a seller but remember the bank has the final say-so. • You are making an offer to purchase blind because many lenders will not even discuss a short sale with a seller until a purchase contract is in place. There is no guarantee the lender will even accept a short-sale offer. • Short sales often are not short at all. They can be long, drawn-out affairs. Be prepared for it to take months. • Even though the lender may have taken their time on the short sale approval, once approved the lender often require the sale to close within a short period of time. Due to the way many short sales happen, a buyer may have to put out money for a home inspection, appraisal, credit report and application fees paid to their lender and the sale may not even happen. So while short sales can often be a good deal they can also be a long shot. Take your time, do your research and be sure to work with a real estate professional to help guide you through the potential pitfalls of a short sale.







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