When moving out of a house you have lived in for a long time, you may discover years' worth of dust that was previously concealed by your home furnishings. If you don't have the time or energy to clean your house for the new owners, another option would be to pay a professional to do the job. Why should you pay so much attention to your home AFTER it’s sold?!?!? Read on, and make an informed decision:
Before going to the closing table, your buyers will have a last chance to walk through the house and check the appliances, mechanical systems and overall condition to make sure everything is consistent with the sales contract. Even though they really want the house, at this point "buyers' remorse" may be prompting them to look for a reason to call the transaction off.
Because an otherwise minor problem or defect can sometimes trigger last-minute cold feet, your best insurance is to make the house look great. Everything should be working properly, and all the agreed-upon repairs should have been made before the buyers arrive to look at the house. You can promote a more relaxed, positive atmosphere for the closing if you take special care in preparing for the walk-through inspection.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, December 30, 2008
Tuesday, December 23, 2008
Home Zone
Every city and county has their own zoning laws that define and restrict how property owners can use land. The purpose of zoning regulations is to establish development standards and to ensure that land is used for the common good. There are restrictions on both the type of structures that can be built and how the property can be used.
Common zoning categories are residential, agricultural, industrial, commercial and recreational. There are sub-categories such as single-family residential zones and multiple family residential zones, (areas where condo and apartment complexes are permitted.)
Zoning ordinances also restrict the height and square footage of the buildings, the number of stories allowed and proximity of one building to another. They control the type of facilities that are required for each use -- for instance, if a residential property must have a driveway. Whether you intend to buy a new piece of property or improve one that you already own, zoning laws will dictate what you will be able to do with your land.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Common zoning categories are residential, agricultural, industrial, commercial and recreational. There are sub-categories such as single-family residential zones and multiple family residential zones, (areas where condo and apartment complexes are permitted.)
Zoning ordinances also restrict the height and square footage of the buildings, the number of stories allowed and proximity of one building to another. They control the type of facilities that are required for each use -- for instance, if a residential property must have a driveway. Whether you intend to buy a new piece of property or improve one that you already own, zoning laws will dictate what you will be able to do with your land.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, December 16, 2008
Clients Working Miracles
Not only is RE/MAX the premier real estate choice, but we are also the exclusive real estate sponsor of Children's Miracle Network (CMN). Children's Miracle Network is an international non-profit organization dedicated to generating funds and awareness to benefit children in 165 children's hospitals/foundations in North America. CMN's hallmark is that 100% of the funds raised in our community stay at our local hospitals.
As part of the fund raising effort, I designate a portion of each of my commission to convert each one of my clients into a "Miracle Worker". I hope you will share our pride - knowing that RE/MAX is helping hospitalized children and making our community a better place for our kids.
RE/MAX associates raised more than $45.5 million for 170 CMN affiliated children's hospitals last year alone, thus helping 17 million children annually. Many agents in the RE/MAX system make a contribution of their personal income at the closing of each property and donate it to the local participating CMN hospital. We are especially proud of RE/MAX Select, REALTORS serving as the area’s award-winning “Miracle Offices” – this means that every agent in the office contributes to this worthy cause. In this way, we allow our clients to work miracles for children in our community.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
As part of the fund raising effort, I designate a portion of each of my commission to convert each one of my clients into a "Miracle Worker". I hope you will share our pride - knowing that RE/MAX is helping hospitalized children and making our community a better place for our kids.
RE/MAX associates raised more than $45.5 million for 170 CMN affiliated children's hospitals last year alone, thus helping 17 million children annually. Many agents in the RE/MAX system make a contribution of their personal income at the closing of each property and donate it to the local participating CMN hospital. We are especially proud of RE/MAX Select, REALTORS serving as the area’s award-winning “Miracle Offices” – this means that every agent in the office contributes to this worthy cause. In this way, we allow our clients to work miracles for children in our community.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, December 9, 2008
Affordable Housing
Are you still writing those checks to your landlord every month to keep a roof over your head? If you are still renting because you think you need a fortune to get into your own home, you should investigate today's real estate market.
Interest rates are still relatively low, which means that mortgage loans are affordable, with payments potentially in the range of your current monthly rent. In today’s world, you can get an answer quickly as to whether you qualify for a loan. Check out rates available on-line as well as your neighborhood mortgage or bank institutions as they are all competing for your business.
There are a number of government programs and mortgage packages which require small down payments, in the three to five percent range--and that is not even talking about the year-end income tax advantages!
The right real estate professional will ask the right questions BEFORE they show you a house – to make sure you are looking in the right area and that they can structure your purchase agreement correctly. Think about this next month as you write your rent check.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
Interest rates are still relatively low, which means that mortgage loans are affordable, with payments potentially in the range of your current monthly rent. In today’s world, you can get an answer quickly as to whether you qualify for a loan. Check out rates available on-line as well as your neighborhood mortgage or bank institutions as they are all competing for your business.
There are a number of government programs and mortgage packages which require small down payments, in the three to five percent range--and that is not even talking about the year-end income tax advantages!
The right real estate professional will ask the right questions BEFORE they show you a house – to make sure you are looking in the right area and that they can structure your purchase agreement correctly. Think about this next month as you write your rent check.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
Tuesday, December 2, 2008
Your Real Estate Concierge
Your rolodex; your Franklin planner; your address book; your PDA; your blackberry; your iPhone -- your browser; your cell phone; your network; your wi-fi; your connection to the world... We are ingrained to expect immediate, professional and complete results in today’s business world. And, with all the technology available to us, why shouldn’t we expect fast, accurate service?
We would like to offer you our unique and personal concierge service – working with DAVID BRENTON’S TEAM. Each member is versed in the nuances of the metropolitan area’s neighborhoods, the market trends, new construction and the various loan programs that can land you the home you’ve been looking for. We’re trained professionals, meaning each buyer agent is your own personal directory working diligently to find the home of your dreams
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
We would like to offer you our unique and personal concierge service – working with DAVID BRENTON’S TEAM. Each member is versed in the nuances of the metropolitan area’s neighborhoods, the market trends, new construction and the various loan programs that can land you the home you’ve been looking for. We’re trained professionals, meaning each buyer agent is your own personal directory working diligently to find the home of your dreams
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, November 25, 2008
Renovations & Remodeling
If you have lived in your home for a number of years, chances are there are a few things you would like to change. Whether you are considering putting your home on the market, or just want to update your home, you might want to get some advice before you start renovating. Guests and buyers are always impressed with a spotless kitchen and an updated bathroom. The rest of the home could be old-fashioned, but as long as these two areas are somewhat modern, they usually look past the rest of the home’s outdated décor.
You need to be cautious, however, to make sure you do not “over-improve” your home to the point you cannot recapture the money involved. Another consideration is whether you wish to add amenities to the home for your own pleasure and don’t care if you recoup what you have invested.
Keep in mind that buyers usually won’t pay more for items such as new windows, new roof, added insulation or water heaters – they expect all of these items to be in good order when they buy the home! While a home with updated mechanicals and windows certainly help the marketability of your home, don’t expect a buyer to pay extra for items that should be in good condition from the beginning.
Your real estate professional can guide you in sorting out the pro’s and cons of remodeling your home.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
You need to be cautious, however, to make sure you do not “over-improve” your home to the point you cannot recapture the money involved. Another consideration is whether you wish to add amenities to the home for your own pleasure and don’t care if you recoup what you have invested.
Keep in mind that buyers usually won’t pay more for items such as new windows, new roof, added insulation or water heaters – they expect all of these items to be in good order when they buy the home! While a home with updated mechanicals and windows certainly help the marketability of your home, don’t expect a buyer to pay extra for items that should be in good condition from the beginning.
Your real estate professional can guide you in sorting out the pro’s and cons of remodeling your home.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, November 18, 2008
A Sign They'll Recognize
When you’re looking for professional it helps to work with a well known company. Our trademark is seven stories high. The RE/MAX Hot Air Balloon appears on "FOR SALE" signs, bus benches, billboards, in print advertising and television commercials. It is one of the most widespread and recognizable images in business marketing.
More than the logo’s worldwide recognition, the RE/MAX balloon is well known for its agents with experience and professionalism. When you are working with a RE/MAX agent, you know that world class marketing system is behind you.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
More than the logo’s worldwide recognition, the RE/MAX balloon is well known for its agents with experience and professionalism. When you are working with a RE/MAX agent, you know that world class marketing system is behind you.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, November 11, 2008
Build New or Build On
Homeowners should consider several things before choosing whether to add on to their existing home or move up to a bigger house: How much additional space do you require? How much equity do you have in the property and how much would be available for remodeling? Is there space to expand on the ground level or, if not, will the foundation of your present home support a second floor? What will the local zoning and building ordinances permit? Are there existing properties around that would satisfy your growing needs?
Be careful when remodeling so that you don’t become the most expensive home in the neighborhood. Any improvements that aren’t general maintenance should be discussed with a real estate professional about their ramification – including marketing, appraisal and resale value – BEFORE you complete any projects. Consider the value of homes in your neighborhood—does it make more sense to add on to a smaller house, possibly resulting in an over-improved home in the area? Your decision should ultimately be based on your individual needs, the extent of the work involved and which features will add the most value. Our experience has repeatedly shown that buyers are always excited by updated, state-of-the art kitchens and bathrooms.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Be careful when remodeling so that you don’t become the most expensive home in the neighborhood. Any improvements that aren’t general maintenance should be discussed with a real estate professional about their ramification – including marketing, appraisal and resale value – BEFORE you complete any projects. Consider the value of homes in your neighborhood—does it make more sense to add on to a smaller house, possibly resulting in an over-improved home in the area? Your decision should ultimately be based on your individual needs, the extent of the work involved and which features will add the most value. Our experience has repeatedly shown that buyers are always excited by updated, state-of-the art kitchens and bathrooms.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, November 4, 2008
Like Having an Open House Every Day!
Buyers tour open houses for two main reasons: curiosity and real interest. Not knowing which category the people meandering through your home fall into, preparing for and conducting open houses can be stressful and unproductive.
We stress to our sellers that their online presence is vital to compete in today’s market. As such, over 98% of our listings are posted on the major web sites. Whether you are a buyer or a seller, the flexibility of being able to view thousands of homes on line is a valuable time-saving option. In this way, buyers browsing online help sellers get the most exposure in the shortest period of time, just like having an open house on your home every day!
Just go to our website for viewing each property in detail. Through our website, you can access all the listings available in Indianapolis and the metropolitan area.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
We stress to our sellers that their online presence is vital to compete in today’s market. As such, over 98% of our listings are posted on the major web sites. Whether you are a buyer or a seller, the flexibility of being able to view thousands of homes on line is a valuable time-saving option. In this way, buyers browsing online help sellers get the most exposure in the shortest period of time, just like having an open house on your home every day!
Just go to our website for viewing each property in detail. Through our website, you can access all the listings available in Indianapolis and the metropolitan area.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, October 27, 2008
For Sale by Owner
The virtue of self-reliance is as American as mom, baseball, and apple pie--except when you’re trying to sell your own home. Here such a "virtue" can cost you time, effort, and money. Since a great majority of homes that sell are listed with a real estate agent, you would be going against significant odds if you decide to sell your home yourself.
Usually, it’s the desire to "save" the commission on a property as the reason most people decide not to work with a real estate agent. Unfortunately, prospective buyers who look for properties that are "For Sale By Owner" (FSBOs) are also wanting to avoid the commission--and to get a less-than-market-value bargain in the deal! However, our experience shows that very little is saved in the majority of FSBOs. Having a professional guide you through the disclosure laws, price and inspection negotiations and coordinating the closing may be well worth the commission. In real estate, as in other areas of life, you definitely get what you pay for!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Usually, it’s the desire to "save" the commission on a property as the reason most people decide not to work with a real estate agent. Unfortunately, prospective buyers who look for properties that are "For Sale By Owner" (FSBOs) are also wanting to avoid the commission--and to get a less-than-market-value bargain in the deal! However, our experience shows that very little is saved in the majority of FSBOs. Having a professional guide you through the disclosure laws, price and inspection negotiations and coordinating the closing may be well worth the commission. In real estate, as in other areas of life, you definitely get what you pay for!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, October 20, 2008
Take Our Advice...
When buying a home, it is essential to cooperate as closely as possible with your real estate agent. This can be challenging, especially if your agent asks you to do some things that you don't particularly want to do to in order to get you moved into your new home as quickly as possible.
When real estate agents advise you regarding ways to make the transaction work, they are acting as part coach and part business consultant. If you find the house you love and want to "sleep on" the decision for a few days, the agent knows that you run the risk of losing the house. If you are inclined to complicate your offer with clauses that might make the contract unattractive to the sellers, the agent may ask you to consider some modifications. Should you call the week before the closing with an attack of "buyer's remorse", your agent knows the cure.
Following your real estate agent's suggestions will increase your chances for a successful move!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
When real estate agents advise you regarding ways to make the transaction work, they are acting as part coach and part business consultant. If you find the house you love and want to "sleep on" the decision for a few days, the agent knows that you run the risk of losing the house. If you are inclined to complicate your offer with clauses that might make the contract unattractive to the sellers, the agent may ask you to consider some modifications. Should you call the week before the closing with an attack of "buyer's remorse", your agent knows the cure.
Following your real estate agent's suggestions will increase your chances for a successful move!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, October 13, 2008
Moving and Taxes
Even with the changes in tax laws over recent years, you may be able to deduct some of the expenses of a move as a result of a job change. You also may be able to deduct the costs of your move if your new work location means more than an additional 50-mile commute. Certain conditions apply, such as if you move within a year of taking the job at the new location and if you work full-time for at least 39 weeks (bear in mind that different criteria applies to self-employed persons, so please check before you compile your taxes).
You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
You should keep meticulous records of all of your expenses and consult a tax expert to make sure that you take all the lawful tax deductions allowed by the IRS criteria for expenses related to selling your old home or buying your new one. The IRS publication No. 521 entitled "Tax Information on Moving Expenses" makes good reading before you make a move.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, October 6, 2008
Keeping Your Earnest Money Safe
When you make an offer on a house, you also write an earnest money check, which is usually submitted to the listing agent and held in escrow until all negotiations are complete. Earnest money is intended to demonstrate your good intentions toward purchasing the property. What happens to these funds? Read on, and make an informed decision:
The party holding the check acts as an escrow agent until the date of closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money.
If you default on your agreement, the funds may go to the sellers, so ensure that you fully understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. Review this part of your contract closely to acquaint yourself with the how’s and why’s of the obligations to which you are committing before you sign on the dotted line. If you have any questions, be sure to ask your real estate agent for advice.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
The party holding the check acts as an escrow agent until the date of closing. At that time you will receive credit for the amount of your check against the down payment and closing costs. Real estate brokers are required by law to keep escrow funds in a special account. These funds cannot be used to pay any other expenses associated with the sale. If you don't complete the transaction, the purchase contract determines the disposition of your earnest money.
If you default on your agreement, the funds may go to the sellers, so ensure that you fully understand the deadlines in order to avoid breach of contract and forfeiture of your deposit. Review this part of your contract closely to acquaint yourself with the how’s and why’s of the obligations to which you are committing before you sign on the dotted line. If you have any questions, be sure to ask your real estate agent for advice.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, September 29, 2008
Who Cares About Lead Based Paint?
You’re looking at older homes and your agent keeps telling you about the dangers of lead based paint. Well, if paint with lead in it hasn’t been used since 1978, and the home has been recently painted or remodeled, what’s the deal?
Fact is, in older homes, the possibility of renovation can expose you (literally) to hazards you have never imagined. During the course of tearing down some of the remaining structure (or scraping and repainting the exterior or interior of a home), paint chips tainted with lead may very well come in contact with you or your loved ones. Small children, who unknowingly gnaw on window sills or lick window blinds, incur risk of lead poisoning. Also at risk are pets that are allowed to roam or play in dilapidated rooms or areas under reconstruction.
For more information on detecting and preventing lead poisoning, including other potential deadly sources of lead in your home, contact your local health department.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Fact is, in older homes, the possibility of renovation can expose you (literally) to hazards you have never imagined. During the course of tearing down some of the remaining structure (or scraping and repainting the exterior or interior of a home), paint chips tainted with lead may very well come in contact with you or your loved ones. Small children, who unknowingly gnaw on window sills or lick window blinds, incur risk of lead poisoning. Also at risk are pets that are allowed to roam or play in dilapidated rooms or areas under reconstruction.
For more information on detecting and preventing lead poisoning, including other potential deadly sources of lead in your home, contact your local health department.
If you need more information for your home search or have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, September 22, 2008
Hard Sell
Sellers who try to sell their own home learn the hard way that selling a home is not easy. Keeping it “SOLD” means getting to the closing table. Your question might be, after you’ve got someone on paper, what could possibly prevent it from going through?
Face-to-face negotiations can be difficult, even when the buyer really wants the house. Then there is the paperwork. Standard contract forms rarely cover all of the local requirements regarding disclosure laws. Such contracts may provide loopholes which could allow a buyer with cold feet to back out at the last minute.
Then, once you finally come to an agreement, how can you be sure that your buyers will engage competent professionals to handle their loan and complete the closing? What if structural problems are discovered or property boundary problems are revealed? The experience and expertise of a professional real estate agent is your greatest asset in concluding a successful transaction.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Face-to-face negotiations can be difficult, even when the buyer really wants the house. Then there is the paperwork. Standard contract forms rarely cover all of the local requirements regarding disclosure laws. Such contracts may provide loopholes which could allow a buyer with cold feet to back out at the last minute.
Then, once you finally come to an agreement, how can you be sure that your buyers will engage competent professionals to handle their loan and complete the closing? What if structural problems are discovered or property boundary problems are revealed? The experience and expertise of a professional real estate agent is your greatest asset in concluding a successful transaction.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, September 15, 2008
What Every Seller Should Show
You are about to put your home on the market. Since you have lived there for many years, you are well aware that its condition is not perfect. There may be a leak in the basement that shows up only after a heavy rain; your garage door might stick, or the dishwasher may be prone to labor strikes for some unknown reason.
Every home has a few quirks, and when it is time to sell, you have the choice of either making the necessary repairs in order for those things to function properly, or letting the buyers know about the problems at the time a purchase agreement is written. As a matter of real estate law, all material defects must be fully disclosed. Most buyers will order a home inspection in order to receive a professional opinion about the condition of their intended home.
Even if the buyer doesn't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide a disclosure form, wherein the seller should have itemized any problems. It is not unusual in homes which have been meticulously maintained that contractors and inspectors find major defects. Therefore, after an inspection the buyer and seller enter into negotiations for repairs. As always, it is a good idea to document your negotiations and keep copies for future reference.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Every home has a few quirks, and when it is time to sell, you have the choice of either making the necessary repairs in order for those things to function properly, or letting the buyers know about the problems at the time a purchase agreement is written. As a matter of real estate law, all material defects must be fully disclosed. Most buyers will order a home inspection in order to receive a professional opinion about the condition of their intended home.
Even if the buyer doesn't ask for an expert to look at the house, it is the seller's responsibility to disclose any known defects in the property. The seller's agent will provide a disclosure form, wherein the seller should have itemized any problems. It is not unusual in homes which have been meticulously maintained that contractors and inspectors find major defects. Therefore, after an inspection the buyer and seller enter into negotiations for repairs. As always, it is a good idea to document your negotiations and keep copies for future reference.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, September 8, 2008
Tips on Buying Vacant Land
Many people enjoy the convenience of living in a subdivision -- lots are usually smaller and easy to maintain. Some like the security of having people close by in case of emergency, plus some associations provide the luxuries of snow removal, swimming pools or club houses. But, living in a subdivision isn’t for everyone. The days of the wild frontier are over, and local and federal regulations now govern much of what you can do with a parcel of land. If you’re looking for a scattered lot to build upon, several things should be considered before buying it.
Keep Your Options Open - You probably have in mind what you are looking for in a lot – shade trees, road frontage, easy access but also somewhat secluded. Once you find a parcel of land of the right size and character, however, you should include a contingency in your contract giving you ample time to determine if the lot is going to be suitable for your intended use.
Research - You or your agent can check with the listing agent for any documentation they already have about the land’s zoning, suitability, water or a previous perc test. Ask for a boundary survey of the property. You should also check with the local planning and zoning commission for regulations regarding lot size, subdividing interests, building permit regulations and other pertinent restrictions.
Water & Sewage - Some lots available in rural areas have municipal, community or established water & sewer services and while others require septic & well systems installed. If the latter, the land will need to be tested for proper absorption and aggregate type in order to sustain a septic and well on the property. Some require septic finger systems while others are better suited for a mound system.
Tax Rate - Some acreage may be part- or fully- tillable and the tax rate on land used for agriculture is generally lower than the one used for residential purposes. So, you’ll need to decide whether to keep some acreage in crops, or prune it into shape as an extension of your yard.
As you can tell, buying a vacant lot involves more than finding one in the right area – and we would be honored to put our expertise to work for you to ensure your first step toward your dream home does not become a nightmare.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Keep Your Options Open - You probably have in mind what you are looking for in a lot – shade trees, road frontage, easy access but also somewhat secluded. Once you find a parcel of land of the right size and character, however, you should include a contingency in your contract giving you ample time to determine if the lot is going to be suitable for your intended use.
Research - You or your agent can check with the listing agent for any documentation they already have about the land’s zoning, suitability, water or a previous perc test. Ask for a boundary survey of the property. You should also check with the local planning and zoning commission for regulations regarding lot size, subdividing interests, building permit regulations and other pertinent restrictions.
Water & Sewage - Some lots available in rural areas have municipal, community or established water & sewer services and while others require septic & well systems installed. If the latter, the land will need to be tested for proper absorption and aggregate type in order to sustain a septic and well on the property. Some require septic finger systems while others are better suited for a mound system.
Tax Rate - Some acreage may be part- or fully- tillable and the tax rate on land used for agriculture is generally lower than the one used for residential purposes. So, you’ll need to decide whether to keep some acreage in crops, or prune it into shape as an extension of your yard.
As you can tell, buying a vacant lot involves more than finding one in the right area – and we would be honored to put our expertise to work for you to ensure your first step toward your dream home does not become a nightmare.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, September 1, 2008
Get the Scoop on Radon
Radon gas is a colorless, odorless, radioactive gas that can pose a serious risk to your health if it accumulates and seeps into your home. Radon typically enters the home via underground crawl spaces, sump pumps, gaps in the basement and even the water supply. It can pollute your indoor air with toxic vapors, and is held responsible for more than 20,000 lung-disease-related deaths every year. Radon is assumed to be present in millions of American homes. How do you detect the presence of radon gas, and how can you reduce its presence and influence if it is found in your home?
First, you can have your home tested using a home test kit or by a professional. Many contractors are licensed or certified by state and/or local agencies or you can contact your nearest branch of the Environmental Protection Agency to find a reputable company or test kit provider. Whichever you choose, it takes a few days to conduct the diagnostic testing to determine if radon gas is at an acceptable level.
If levels are dangerous, the solution may be as simple as installing a ventilation system (at a relatively low cost). They may also suggest installing covers on sump pumps or closing access to crawl spaces to reduce the infiltration of radon gas into living areas. Whoever installs the mitigation system should also test radon levels after installation, to verify that has reduced radon to an acceptable level in the home.
Radon gas can be a worry for homeowners. Since it is virtually undetectable without sophisticated testing, the more information you have on its existence and how easily it can be corrected can help you buy with confidence.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
First, you can have your home tested using a home test kit or by a professional. Many contractors are licensed or certified by state and/or local agencies or you can contact your nearest branch of the Environmental Protection Agency to find a reputable company or test kit provider. Whichever you choose, it takes a few days to conduct the diagnostic testing to determine if radon gas is at an acceptable level.
If levels are dangerous, the solution may be as simple as installing a ventilation system (at a relatively low cost). They may also suggest installing covers on sump pumps or closing access to crawl spaces to reduce the infiltration of radon gas into living areas. Whoever installs the mitigation system should also test radon levels after installation, to verify that has reduced radon to an acceptable level in the home.
Radon gas can be a worry for homeowners. Since it is virtually undetectable without sophisticated testing, the more information you have on its existence and how easily it can be corrected can help you buy with confidence.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Friday, August 29, 2008
Tax Credit to Home Buyers
The Housing and Economic Recovery Act of 2008 was just signed by President Bush with some amazing benefits for first time homebuyers. When is the last time someone gave you a $7,500 loan, that has no interest, no payments for two years, and if you do not make enough profit when you sell, you do not have to pay back the loan? That is what first time homebuyers get. Call everyone you know who wants to buy their first home; this is too good to miss.
If you have not owned a home in three years, you are a first time home buyer. If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for a credit. Call your friends who just bought a home and tell them they may take $7,500 off their tax bill if they qualify. It has to be your principal residence, so rentals do not count.
The tax credit is 10% of the cost of the home, up to a maximum of $7,500. So, if the home costs $65,000, your tax credit is $6,500. If the home cost $100,000, you would get a credit of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit. In other words, you take $7,500 off your tax bill. What if your tax bill is only $5,000? The IRS will send you the additional $2,500 as a refund. When was the last time the IRS sent you a refund because you bought something?
The loan has no interest, and will be paid back over 15 years. You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment. You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year. If you stay put for 15 years, you pay it off with no interest.
What happens if you sell the house? You pay the balance back at the closing. So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house.
What happens if you do not make enough money when you sell your house? They forgive the rest of the debt. In other words, get $7,500 now and pay back nothing if your house only breaks even, or loses money, at closing. When was the last time you got a loan on a speculative venture where the person who gave you the loan forgave the rest of the loan if you did not make enough profit on the sale?
The risk of loss in buying now is on the government. In other parts of the country where real estate is going down in value, you can lose 10% of the value of the home (up to $7,500) and the loss is covered by the fact that you do not pay back the tax credit. Even a bad buy that does not go up in value is covered by the tax benefit because you get $7,500 no matter what happens.
Similarly, if you die before repaying the debt, it is forgiven. There are special rules for sales as a result of divorce or if the government takes your property by condemnation.
There are restrictions on the amount of income that you can make and still get the credit. But the restriction is $75,000 per year for a single person and $150,000 for a couple filing jointly, so the vast majority of people qualify. If you make more than that, you can still get some of the tax credit, but there are complicated rules about phasing out the credit as the income goes up. If you make that much money, you can afford to hire someone to figure out the formula.
The restriction on the location of the property is minimal; it has to be in the United States. Not too tough, huh?
What is the catch? You have to buy your first house in three years before July 1,2009, not have super high income, not use bond financing and buy anywhere in the US, Not too difficult, right?
If you know someone who wants to buy a home, call them and then have them call us and we will take exceptional care of them. If they want to buy anywhere in the US, call us and we will find them a terrific agent anywhere in the US.
The government gives tax credits to huge companies; here is one for the little guy. Don't miss it. (information by Tim Burrell via Kristan Cole)
For information on how you may qualify, contact us today 317-882-7210!
If you have not owned a home in three years, you are a first time home buyer. If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for a credit. Call your friends who just bought a home and tell them they may take $7,500 off their tax bill if they qualify. It has to be your principal residence, so rentals do not count.
The tax credit is 10% of the cost of the home, up to a maximum of $7,500. So, if the home costs $65,000, your tax credit is $6,500. If the home cost $100,000, you would get a credit of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit. In other words, you take $7,500 off your tax bill. What if your tax bill is only $5,000? The IRS will send you the additional $2,500 as a refund. When was the last time the IRS sent you a refund because you bought something?
The loan has no interest, and will be paid back over 15 years. You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment. You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year. If you stay put for 15 years, you pay it off with no interest.
What happens if you sell the house? You pay the balance back at the closing. So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house.
What happens if you do not make enough money when you sell your house? They forgive the rest of the debt. In other words, get $7,500 now and pay back nothing if your house only breaks even, or loses money, at closing. When was the last time you got a loan on a speculative venture where the person who gave you the loan forgave the rest of the loan if you did not make enough profit on the sale?
The risk of loss in buying now is on the government. In other parts of the country where real estate is going down in value, you can lose 10% of the value of the home (up to $7,500) and the loss is covered by the fact that you do not pay back the tax credit. Even a bad buy that does not go up in value is covered by the tax benefit because you get $7,500 no matter what happens.
Similarly, if you die before repaying the debt, it is forgiven. There are special rules for sales as a result of divorce or if the government takes your property by condemnation.
There are restrictions on the amount of income that you can make and still get the credit. But the restriction is $75,000 per year for a single person and $150,000 for a couple filing jointly, so the vast majority of people qualify. If you make more than that, you can still get some of the tax credit, but there are complicated rules about phasing out the credit as the income goes up. If you make that much money, you can afford to hire someone to figure out the formula.
The restriction on the location of the property is minimal; it has to be in the United States. Not too tough, huh?
What is the catch? You have to buy your first house in three years before July 1,2009, not have super high income, not use bond financing and buy anywhere in the US, Not too difficult, right?
If you know someone who wants to buy a home, call them and then have them call us and we will take exceptional care of them. If they want to buy anywhere in the US, call us and we will find them a terrific agent anywhere in the US.
The government gives tax credits to huge companies; here is one for the little guy. Don't miss it. (information by Tim Burrell via Kristan Cole)
For information on how you may qualify, contact us today 317-882-7210!
Monday, August 25, 2008
Preparing for the Closing
When you consider the myriad details involved in moving, it’s not surprising that one or two items remain unresolved until day of closing. Unfortunately, this is the normal course for most transactions. So, just try to remember to address each item one at a time and, in most cases, it will all fall into place. A good real estate profession can prepare you for the basics, so that those last-minute issues can receive your full attention:
Title commitment - Whether a buyer or seller, you should be able to review a title commitment prior to closing. This commitment will specify 1) what the title insurance covers, 2) list the recorded liens against the property, 3) show how it is titled and 4) any exceptions to coverage. When selling a property, you can ask your agent to order a preliminary title search at the time of listing. This should bring to light any unreleased mortgages, judgments, or other clouds on your title and give you time to resolve issues in advance.
Surveyor location report – This report reveals how the improvements are situated upon the land, informs them whether the property is located in a flood hazard area, and outlines possible encroachments. A seller ordering one of these at the time of listing would give them an opportunity to correct (or at least disclose) problems to the buyer at the time the contract is negotiated. It is a good idea for any buyer (unless they are buying a condo) to request a survey on their property. A surveyor location report usually costs around $150-$175 and is a small investment for peace of mind.
Mortgage documents – If you thrive on the nitty-gritty details, you can request your lender send a sample loan package for review. This allows you time to read each document in detail prior to closing. And, you have time for your lender to explain each document’s purpose and ramification. Then, at closing, you will sign the actual documents and the title company should give you a set of every document you sign at the table. When selling, you should review your current mortgages and lien holders. You can contact them to confirm how much you will owe and if any prepayment penalties or other fees apply when selling your home. They can give you your payoff as of the date of your closing, and explain their policies about applying escrowed funds to the balance due. If your agent or lender does not offer these documents to you prior to closing, ask for them. We recommend allowing two (2) weeks to review them so all your questions can be answered and any problems resolved in advance.
Other items that you will need for closing include:
Homeowner’s Insurance – Not only will you need to pay a full year’s premium in advance, but several months may be charged at your closing to fund your escrow account. Bring a copy of your binder and paid receipt for 12 months of coverage to the closing.
Picture ID – it necessary for the closing agent to verify your identity, so bring a valid picture ID.
Certified funds – any money to be brought to closing should be in the form of cashier’s check, certified check, or postal money order. Make the checks out to yourself, and then endorse them at closing. This includes any negotiation for lease backs, repairs, pro-rations for unused fuel, or personal items purchased from the seller.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Title commitment - Whether a buyer or seller, you should be able to review a title commitment prior to closing. This commitment will specify 1) what the title insurance covers, 2) list the recorded liens against the property, 3) show how it is titled and 4) any exceptions to coverage. When selling a property, you can ask your agent to order a preliminary title search at the time of listing. This should bring to light any unreleased mortgages, judgments, or other clouds on your title and give you time to resolve issues in advance.
Surveyor location report – This report reveals how the improvements are situated upon the land, informs them whether the property is located in a flood hazard area, and outlines possible encroachments. A seller ordering one of these at the time of listing would give them an opportunity to correct (or at least disclose) problems to the buyer at the time the contract is negotiated. It is a good idea for any buyer (unless they are buying a condo) to request a survey on their property. A surveyor location report usually costs around $150-$175 and is a small investment for peace of mind.
Mortgage documents – If you thrive on the nitty-gritty details, you can request your lender send a sample loan package for review. This allows you time to read each document in detail prior to closing. And, you have time for your lender to explain each document’s purpose and ramification. Then, at closing, you will sign the actual documents and the title company should give you a set of every document you sign at the table. When selling, you should review your current mortgages and lien holders. You can contact them to confirm how much you will owe and if any prepayment penalties or other fees apply when selling your home. They can give you your payoff as of the date of your closing, and explain their policies about applying escrowed funds to the balance due. If your agent or lender does not offer these documents to you prior to closing, ask for them. We recommend allowing two (2) weeks to review them so all your questions can be answered and any problems resolved in advance.
Other items that you will need for closing include:
Homeowner’s Insurance – Not only will you need to pay a full year’s premium in advance, but several months may be charged at your closing to fund your escrow account. Bring a copy of your binder and paid receipt for 12 months of coverage to the closing.
Picture ID – it necessary for the closing agent to verify your identity, so bring a valid picture ID.
Certified funds – any money to be brought to closing should be in the form of cashier’s check, certified check, or postal money order. Make the checks out to yourself, and then endorse them at closing. This includes any negotiation for lease backs, repairs, pro-rations for unused fuel, or personal items purchased from the seller.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, August 18, 2008
Pets Ruling the Roost?
Pet lovers, be warned – some people in the world don’t share your passion for your dog, cat, bird, or other furry friend. It shouldn’t deter from the showing process, however, unless there’s evidence of abuse such as damage or odors. To make matters worse, this can be a sensitive issue for a real estate agent to talk to their sellers about.
Worse Than Its Bite - Even though he is just doing his job, Fido’s bark will sound ferocious to anyone knocking at the door. For security reasons, this may be a great deterrent. But when your home is on the market, real estate agents will bring several strangers to your door. Rightfully so, agents are concerned about the unpredictability of dogs they don't know. When they hear a barking dog, they may not be willing to enter the house unless the owner is at home or they were prepared ahead of time that the pet is confined in a cage or a specific area of the house. Talk with your real estate agent about the best way to manage your pet while your house is being shown. Your showing instructions should include where your dog will be located, whether they are penned in a cage or room, and any other specific instructions.
Odors - You guessed it - pet smells can turn some people off to the point they can’t look past it to consider your home’s other amenities. If you suspect your home is harboring odors -- whether caused by pets, weather, smoke, etc, take action by eliminating the source of the odor rather than merely treating the effects. Smells have a powerful effect on the way people react to a house, and no amount of room freshener or vanilla on the light bulbs can mask a serious odor problem. In fact, such remedies have been found to draw attention to the problem. We have seen nice homes with odor problems languish unsold on the market for months or sell for significantly less than other homes in the neighborhood.Hopefully the relationship you have with your agent is strong enough that they can speak candidly with you about your home. If you are concerned about anything that may be adversely affecting the marketing of your home, ask your agent outright. Sometimes in an effort to keep the selling atmosphere positive and uplifting, an agent will hesitate to drop bad news on a seller who really needs to take action in order to get their home sold. Your agent should be able to offer some constructive suggestions, and perhaps refer you to a professional who can help banish odors from your home!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Worse Than Its Bite - Even though he is just doing his job, Fido’s bark will sound ferocious to anyone knocking at the door. For security reasons, this may be a great deterrent. But when your home is on the market, real estate agents will bring several strangers to your door. Rightfully so, agents are concerned about the unpredictability of dogs they don't know. When they hear a barking dog, they may not be willing to enter the house unless the owner is at home or they were prepared ahead of time that the pet is confined in a cage or a specific area of the house. Talk with your real estate agent about the best way to manage your pet while your house is being shown. Your showing instructions should include where your dog will be located, whether they are penned in a cage or room, and any other specific instructions.
Odors - You guessed it - pet smells can turn some people off to the point they can’t look past it to consider your home’s other amenities. If you suspect your home is harboring odors -- whether caused by pets, weather, smoke, etc, take action by eliminating the source of the odor rather than merely treating the effects. Smells have a powerful effect on the way people react to a house, and no amount of room freshener or vanilla on the light bulbs can mask a serious odor problem. In fact, such remedies have been found to draw attention to the problem. We have seen nice homes with odor problems languish unsold on the market for months or sell for significantly less than other homes in the neighborhood.Hopefully the relationship you have with your agent is strong enough that they can speak candidly with you about your home. If you are concerned about anything that may be adversely affecting the marketing of your home, ask your agent outright. Sometimes in an effort to keep the selling atmosphere positive and uplifting, an agent will hesitate to drop bad news on a seller who really needs to take action in order to get their home sold. Your agent should be able to offer some constructive suggestions, and perhaps refer you to a professional who can help banish odors from your home!
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Wednesday, August 13, 2008
HOME BUYERS - Limited Time for Down Payment Assistance Programs
No matter which category you fall into – thinking about moving, wanting to move and but still looking for the perfect home, or ready to move and have the perfect home picked out – this information affects you!
In the past, having the money saved up for a down payment was not overly crucial. For many years there were loan programs which allowed you to borrow the entire amount of money needed to purchase the home (100% loans). This minimized the need for a down payment as you could borrow the full amount you needed to buy the house. Last year 100% loan programs went away.
Currently there are loan programs that allow you to borrow 97% of the purchase price of the home. That means that the other three percent is needed for a down payment on the home to qualify for the loan. Currently there are many ways to arrive at the 3% down payment. A very popular way is to ask the seller of the home you are buying to pay the 3% on your behalf. However, the seller cannot just give you the 3% for the down payment - so there are programs/organizations that focus on passing the money from the seller to the buyer (while keeping a part of the money for their service.) These down payment assistance programs are going away October 1, 2008.
The programs do not end until October 1st but that date is a little misleading. October 1st is the last date available to close on a house using seller funded down payment assistance. It takes 21-30 days to close on a house after all contract negotiations are agreed upon between the buyer and the seller. It can take 1-2 weeks for negotiations depending on how ‘good’ the original offer is (ie offer price as compared to list price, amount of help from the seller for down payment and/or closing costs, etc). With that being said, to utilize the down payment assistance programs, you should really aim for being under contract by early September.
For more information, please call our office. We would love to work with you in finding the perfect home, negotiating the offer and getting you to the closing table. Time is of the essence if you want to utilize the down payment assistance programs that are set to expire on Oct 1, 2008.
In the past, having the money saved up for a down payment was not overly crucial. For many years there were loan programs which allowed you to borrow the entire amount of money needed to purchase the home (100% loans). This minimized the need for a down payment as you could borrow the full amount you needed to buy the house. Last year 100% loan programs went away.
Currently there are loan programs that allow you to borrow 97% of the purchase price of the home. That means that the other three percent is needed for a down payment on the home to qualify for the loan. Currently there are many ways to arrive at the 3% down payment. A very popular way is to ask the seller of the home you are buying to pay the 3% on your behalf. However, the seller cannot just give you the 3% for the down payment - so there are programs/organizations that focus on passing the money from the seller to the buyer (while keeping a part of the money for their service.) These down payment assistance programs are going away October 1, 2008.
The programs do not end until October 1st but that date is a little misleading. October 1st is the last date available to close on a house using seller funded down payment assistance. It takes 21-30 days to close on a house after all contract negotiations are agreed upon between the buyer and the seller. It can take 1-2 weeks for negotiations depending on how ‘good’ the original offer is (ie offer price as compared to list price, amount of help from the seller for down payment and/or closing costs, etc). With that being said, to utilize the down payment assistance programs, you should really aim for being under contract by early September.
For more information, please call our office. We would love to work with you in finding the perfect home, negotiating the offer and getting you to the closing table. Time is of the essence if you want to utilize the down payment assistance programs that are set to expire on Oct 1, 2008.
Monday, August 11, 2008
Challenges of New Construction
Building a new home can be challenging and exciting. For some, having a brand new home built to their exact specifications brings great satisfaction.
DAVID BRENTON'S TEAM is committed to bringing this opportunity to you through the use of special financing programs, our unique Guaranteed Sale Program and knowledgeable Buyer Specialists. As a member of the Builders Association of Greater Indianapolis, David spent over 20 years in the building industry before he became a REALTOR in 1992. We’ve already completed all the research to answer your questions about new construction.
Our office is just a click away from helping you locate the right new home community and providing you with information on each neighborhood, builder and even scattered building lots to help you decide which one is right for you. Click Here to contact a Buyer Specialist to help you in your new home search.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
DAVID BRENTON'S TEAM is committed to bringing this opportunity to you through the use of special financing programs, our unique Guaranteed Sale Program and knowledgeable Buyer Specialists. As a member of the Builders Association of Greater Indianapolis, David spent over 20 years in the building industry before he became a REALTOR in 1992. We’ve already completed all the research to answer your questions about new construction.
Our office is just a click away from helping you locate the right new home community and providing you with information on each neighborhood, builder and even scattered building lots to help you decide which one is right for you. Click Here to contact a Buyer Specialist to help you in your new home search.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, August 4, 2008
Buy Bug-Free
If your house is a typical one, there are probably some small, leggy creatures that make their home with you. Whether they are termites, fleas, roaches, ants, or spiders, it is a good idea to serve them with an eviction notice before you put your home on the market. If home remedies like ionized boric acid don't work, paying a professional exterminator will be money well spent. Many times a buyer will require a property to be inspected for evidence of pest infestation.
So, as a seller, it’s always a good idea to check for insect problems at the time you sign a listing agreement, so that it doesn’t become an issue in the sale. Some insects may not physically damage the house, but may reduce its chances of selling for top dollar. A prospective buyer having to constantly push back spider webs while touring the house could seriously undermine their ability to fully appreciate what your home has to offer.
Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss the options with the pest control company, especially if someone in the family is sensitive to the chemicals used to control the termites. Ask about the exterminator's guarantees or service contract options.
Sound more involved than you thought? That’s why it’s important to use professional representation when purchasing or selling your next home.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
So, as a seller, it’s always a good idea to check for insect problems at the time you sign a listing agreement, so that it doesn’t become an issue in the sale. Some insects may not physically damage the house, but may reduce its chances of selling for top dollar. A prospective buyer having to constantly push back spider webs while touring the house could seriously undermine their ability to fully appreciate what your home has to offer.
Before you sign an agreement to buy or sell a home, you should read the termite clause and be sure that you understand it. Who selects the exterminator and pays for the inspection? If bugs are found, who pays for the treatment? Are the sellers obligated to repair any damage and have they placed a limit of the dollar amount they will spend on those repairs? If treatment is required, the buyers may want a chance to discuss the options with the pest control company, especially if someone in the family is sensitive to the chemicals used to control the termites. Ask about the exterminator's guarantees or service contract options.
Sound more involved than you thought? That’s why it’s important to use professional representation when purchasing or selling your next home.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, July 28, 2008
Give Back to the Community!
When you are choosing a REALTOR to represent you in the sale or purchase of your new home, it is important to look at how involved they are in your community. DAVID BRENTON’S TEAM is proud to support several area causes and welcome you to support your community and favorite charities and causes. Everyone can make a difference.
Thus far we have been able to help area shelters, food pantries, Christmas drives, Franklin Township’s 'Lead the Challenge' baseball league, American Cancer Society’s 'Relay for Life', Komen's 'Race for the Cure', Riley Hospital for Children and Children’s Miracle Network, just to name a few. Please keep in mind that use of our moving truck is available to non-profit charitable organizations for FREE. If you see a need, please call us - we may be able to help!
If you are interested in knowing all we do to give back to the community, click here to view my professional resume. Or, if you have some free time, we can discuss how you can get involved!
When you are serious about moving… put our TEAM to work for you!
Thus far we have been able to help area shelters, food pantries, Christmas drives, Franklin Township’s 'Lead the Challenge' baseball league, American Cancer Society’s 'Relay for Life', Komen's 'Race for the Cure', Riley Hospital for Children and Children’s Miracle Network, just to name a few. Please keep in mind that use of our moving truck is available to non-profit charitable organizations for FREE. If you see a need, please call us - we may be able to help!
If you are interested in knowing all we do to give back to the community, click here to view my professional resume. Or, if you have some free time, we can discuss how you can get involved!
When you are serious about moving… put our TEAM to work for you!
Monday, July 21, 2008
Writing a Clean Offer
Consider the following scenario: You finally found a house that makes your heart skip a beat--it's in the right location and has everything you want. Price is the only thing that keeps you from making an offer, because you feel that it is more than you can afford. How can you maximize the possibility that the owners will accept an offer that is lower than their asking price?
The first thing you should do is to make the offer as "clean" as possible by not asking for special contingencies. Get as close to the list price as you can (keeping in mind what your financial situation requires), and avoid demanding minor repairs or cosmetic items. Be as flexible as possible about scheduling closing and your move-in date to accommodate the seller's plans. Finally, you can offer a larger-than-usual deposit to persuade the sellers that you are a serious buyer and to make it harder for them to "just say no". Each situation is different, but the "cleaner" the offer, the more likely the sellers are to accept it. Contact us for more negotiating tips at 882-7210.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
The first thing you should do is to make the offer as "clean" as possible by not asking for special contingencies. Get as close to the list price as you can (keeping in mind what your financial situation requires), and avoid demanding minor repairs or cosmetic items. Be as flexible as possible about scheduling closing and your move-in date to accommodate the seller's plans. Finally, you can offer a larger-than-usual deposit to persuade the sellers that you are a serious buyer and to make it harder for them to "just say no". Each situation is different, but the "cleaner" the offer, the more likely the sellers are to accept it. Contact us for more negotiating tips at 882-7210.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, July 14, 2008
Our Agreement
If you’re like us, you have a favorite home that catches your eye as you drive by on a regular basis. You know, the one that is always well-kept, the lawn neatly trimmed and paint always bright. At times you even imagine yourself living there. Or, perhaps you would like to be in a particular location but you haven’t found any homes for sale there?
We wanted to let you know that we have the experience and the resources to approach those in a neighborhood to determine if they might be interested in selling. Also, we can guide you in how much you should be paying for that property.
We invite you to do your own research on the internet, search the newspapers and interview buyers, sellers and agents for all the information you can find. Remember to ask the hard questions. You’ll find that there is no substitute for an experienced professional to aid in your home search. A lot can happen during the process of getting a home to closing – negotiating the purchase agreement is only the first step in the long process to get to the closing table. Plus, we have an agreement with other realtors to show not just our listings on our web site but all of theirs as well. We are here to help.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
We wanted to let you know that we have the experience and the resources to approach those in a neighborhood to determine if they might be interested in selling. Also, we can guide you in how much you should be paying for that property.
We invite you to do your own research on the internet, search the newspapers and interview buyers, sellers and agents for all the information you can find. Remember to ask the hard questions. You’ll find that there is no substitute for an experienced professional to aid in your home search. A lot can happen during the process of getting a home to closing – negotiating the purchase agreement is only the first step in the long process to get to the closing table. Plus, we have an agreement with other realtors to show not just our listings on our web site but all of theirs as well. We are here to help.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, July 7, 2008
FAQ's for Buyers
We take great pride in providing valuable insight and guidance to our buyers. Part of our commitment is our blog and web site which is available 24 hours a day to address your real estate questions. If your question awakens you at 3 am, we invite you to visit our web site for answers, day or night. The challenge of a unique situation is always welcome –we’ll be happy to conduct the research necessary to get an answer to your questions! That way, we can all rest easier. Search our site for answers on the following:
Search homes for sale
Why do I want to be pre-approved?
Glossary of Terms
What do I need to apply for a home loan?
Why hire a Buyer Specialist?
Loan pre-Qualifier
Contact a Buyer Specialist
Use Our Moving Truck for Free
Useful Phone Numbers
Things to Do in Indianapolis
Neighborhood Covenants
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Search homes for sale
Why do I want to be pre-approved?
Glossary of Terms
What do I need to apply for a home loan?
Why hire a Buyer Specialist?
Loan pre-Qualifier
Contact a Buyer Specialist
Use Our Moving Truck for Free
Useful Phone Numbers
Things to Do in Indianapolis
Neighborhood Covenants
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, June 30, 2008
Buy-Out FAQ's
Have you ever wondered what a ‘Guaranteed Sale’ is? Some call them ‘buy-outs’ or ‘guaranteed trades’. The fact is, it can be a very useful vehicle for someone wanting to sell their home and not risk two mortgage payments. How, you may ask? Read further, and make an informed decision:
Will I get a fair Price?
How much does it cost?
What if I receive an offer to less than what I am guaranteed?
Will I have to move twice?
Why won't my home qualify if it is already listed with another agent?
Does my home have to be inspected and who pays for it?
How long does the process take?
How is the closing handled?
What if my home sells?
I'm not building. Can I use the program?
Our web site has great information about our Guarantee Program. Please click here for the link to get answers to these questions.
And, remember, anytime you have questions about our Guaranteed Sale Program, or moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Will I get a fair Price?
How much does it cost?
What if I receive an offer to less than what I am guaranteed?
Will I have to move twice?
Why won't my home qualify if it is already listed with another agent?
Does my home have to be inspected and who pays for it?
How long does the process take?
How is the closing handled?
What if my home sells?
I'm not building. Can I use the program?
Our web site has great information about our Guarantee Program. Please click here for the link to get answers to these questions.
And, remember, anytime you have questions about our Guaranteed Sale Program, or moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, June 23, 2008
Homeowner Associations
A homeowner’s association is an organization that governs and manages common interests of the homeowners. Some neighborhoods prefer to have their association governed by a professional management company. This method is usually more expensive but provides for a more business-like atmosphere and consistent and impartial treatment of problems in the neighborhood.
Other neighborhoods choose to represent and run their own association, electing their officers and staff from their population. This method usually costs the membership less in yearly membership fees, allowing more funds to be available for improvements, but can cause strife between individuals who do not agree on particular subjects.
Typical duties of a homeowner’s association would be to collect money in advance to provide for snow removal, insurance and maintenance maintaining common areas such as playgrounds, pools, and entrance landscaping.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Other neighborhoods choose to represent and run their own association, electing their officers and staff from their population. This method usually costs the membership less in yearly membership fees, allowing more funds to be available for improvements, but can cause strife between individuals who do not agree on particular subjects.
Typical duties of a homeowner’s association would be to collect money in advance to provide for snow removal, insurance and maintenance maintaining common areas such as playgrounds, pools, and entrance landscaping.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, June 16, 2008
Neighborhood Covenants
An official definition of Covenants, Conditions and Restrictions (CC & R’s) from the Real Estate Dictionary reads: “The basic rules establishing the rights and obligations of owners (and their successors in interest) of real property within a subdivision or other tract of land in relation to other owners within the same subdivision or tract and in relation to an association of owners organized for the purpose of operating and maintaining property commonly owned by the individual owners.”
In short, what it means is that when someone opts to have a parcel of their land divided, they have the right (within certain discriminatory limitations) to direct certain aspects of future building and development. For instance, they may require all dwellings to be built within certain size or with specific amenities (full brick, wood siding, no out buildings, etc.) And, anyone who decides to build or purchase a resale home in that neighborhood must also abide by the original rules. The covenants or restrictions also serve a broader purpose – namely, to promote more universal value within a neighborhood for resale and appraisal.
Covenants are normally enforced in civil or small claims court, which hear complaints lodged by an organized homeowner’s association or an individual. And, unless the restrictions are superseded by a judge’s decision or later discriminatory legislation, the homeowner may be ordered to rectify the source of complaint (keep their lawn mowed, remove the non-approved structure, or close an in-home business, etc.)
When purchasing a home, there are contractual obligations on the amount of time a prospective owner has to review the covenants and back out of the deal if there are any discrepancies between the ways they want to use their property versus the requirements of their neighborhood. It is wise to have your realtor review the covenants with you so you can determine if the property is going to serve you well in the coming years.
Did you know our web site posts several neighborhood covenants? If you’re interested, just go to http://www.move2indy.com/ and select Neighborhoods and follow the prompts. If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
In short, what it means is that when someone opts to have a parcel of their land divided, they have the right (within certain discriminatory limitations) to direct certain aspects of future building and development. For instance, they may require all dwellings to be built within certain size or with specific amenities (full brick, wood siding, no out buildings, etc.) And, anyone who decides to build or purchase a resale home in that neighborhood must also abide by the original rules. The covenants or restrictions also serve a broader purpose – namely, to promote more universal value within a neighborhood for resale and appraisal.
Covenants are normally enforced in civil or small claims court, which hear complaints lodged by an organized homeowner’s association or an individual. And, unless the restrictions are superseded by a judge’s decision or later discriminatory legislation, the homeowner may be ordered to rectify the source of complaint (keep their lawn mowed, remove the non-approved structure, or close an in-home business, etc.)
When purchasing a home, there are contractual obligations on the amount of time a prospective owner has to review the covenants and back out of the deal if there are any discrepancies between the ways they want to use their property versus the requirements of their neighborhood. It is wise to have your realtor review the covenants with you so you can determine if the property is going to serve you well in the coming years.
Did you know our web site posts several neighborhood covenants? If you’re interested, just go to http://www.move2indy.com/ and select Neighborhoods and follow the prompts. If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Monday, June 9, 2008
Never Bored in Indianapolis!
DAVID BRENTON’S TEAM is proud to contribute to the financial success of the Indianapolis metropolitan area with top-notch real estate service. We are just one niche in a city rich with successful business, cultural and sporting venues. If you are looking in our area to relocating, or just looking for something to do this weekend, just click here for a link that can connect you to information on the different activities Indy has to offer.
Arts & Theatre
American Cabaret Theatre
Arts Council of Indianapolis
Herron School of Art
Indiana Repertory Theatre
Indianapolis Symphony Orchestra
Indianapolis Civic Theatre
Phoenix Theatre
Museums
Children’s Museum
Eiteljorg Museum
Indiana Historical Society
Indiana State Museum
Indianapolis Museum of Art
Sports
Brickyard 400
Central Indiana Bicycling
Indianapolis 500
Indiana Pacers
NCAA Hall of Champions
O’Reilly Raceway Park formerly (Indianapolis Raceway Park)
Attractions
Benjamin Harrison Home
Broad Ripple Village
Conner Prairie
Indiana Black Expo
Indianapolis Zoo
White River Gardens
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Arts & Theatre
American Cabaret Theatre
Arts Council of Indianapolis
Herron School of Art
Indiana Repertory Theatre
Indianapolis Symphony Orchestra
Indianapolis Civic Theatre
Phoenix Theatre
Museums
Children’s Museum
Eiteljorg Museum
Indiana Historical Society
Indiana State Museum
Indianapolis Museum of Art
Sports
Brickyard 400
Central Indiana Bicycling
Indianapolis 500
Indiana Pacers
NCAA Hall of Champions
O’Reilly Raceway Park formerly (Indianapolis Raceway Park)
Attractions
Benjamin Harrison Home
Broad Ripple Village
Conner Prairie
Indiana Black Expo
Indianapolis Zoo
White River Gardens
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, February 5, 2008
At Your Service
DAVID BRENTON’S TEAM is located in the RE/MAX building on Emerson Avenue between Main Street and County Line Road on the west side of the street, just north of the Indiana Eye Clinic. We are literally minutes away - click here for location via Mapquest.
We have a full time staff to serve your needs and professionals on site for all your real estate needs. Answers about mortgages, homeowner's insurance, closing issues, the real estate market or inspections - everything is at your fingertips!
We know how valuable your time is and strive to offer you more services combined with our experience and professional representation.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
We have a full time staff to serve your needs and professionals on site for all your real estate needs. Answers about mortgages, homeowner's insurance, closing issues, the real estate market or inspections - everything is at your fingertips!
We know how valuable your time is and strive to offer you more services combined with our experience and professional representation.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Friday, February 1, 2008
You're Not Alone!
Whether you’re thinking of buying your first home, or your next home, it’s easy to get overwhelmed by the process and its myriad details. You have to think about whether or not to use a buyer’s agent, how to secure a mortgage, and what exactly it is that you’re looking for in a home. Most people forget to do one important thing: breathe.
The search for your first home can be stressful, so try not to put it all on your shoulders at once. Even if you haven’t decided whether or not to use a real estate agent, I’d be happy to help you get started. Sometimes the most important thing is getting pointed in the right direction. If you’re interested, my website has tips for first-time homebuyers that you may find useful. Please call me if I can be of help to you during this exciting time.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
The search for your first home can be stressful, so try not to put it all on your shoulders at once. Even if you haven’t decided whether or not to use a real estate agent, I’d be happy to help you get started. Sometimes the most important thing is getting pointed in the right direction. If you’re interested, my website has tips for first-time homebuyers that you may find useful. Please call me if I can be of help to you during this exciting time.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Thursday, January 31, 2008
Buying Your First Home?
While owning a home has its obvious benefits, the process (especially for first-timers) can be a bit intimidating. When considering the major investment of a new home for the first time, you will need to consider several aspects of your life and financial future. Together, we will consider the following:
- How much should you really spend?
- Qualifying for a mortgage
- How much cash you should put down
- Choosing the financing that’s right for you -
- When to buy a home with little or nothing down
- What it takes to get approved for financing
- What banks and other financial institutions are looking for
- Whether to escrow insurance and taxes with your payment
- Learn how to estimate your mortgage payment
- Tax advantages of owning a home
- Is renting or buying better for you...
Just call our office at 882-7210 and speak with one of our team members to discuss plans for your future home. We firmly believe that preparation is key in making an informed decision to buy a home. We also have preferred partners who can provide quotes for your consideration in the areas of financing, insurance, inspections and closing costs.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
- How much should you really spend?
- Qualifying for a mortgage
- How much cash you should put down
- Choosing the financing that’s right for you -
- When to buy a home with little or nothing down
- What it takes to get approved for financing
- What banks and other financial institutions are looking for
- Whether to escrow insurance and taxes with your payment
- Learn how to estimate your mortgage payment
- Tax advantages of owning a home
- Is renting or buying better for you...
Just call our office at 882-7210 and speak with one of our team members to discuss plans for your future home. We firmly believe that preparation is key in making an informed decision to buy a home. We also have preferred partners who can provide quotes for your consideration in the areas of financing, insurance, inspections and closing costs.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Tuesday, January 15, 2008
Preparing for the Closing
During the course of the average purchase, it stands to reason that some small, easily forgotten items may not come to light for negotiation until just before or right at the closing table. Unfortunately, this is the normal course for most transactions. And, considering the dozens of items involved in selling or buying a new home, it’s not surprising that one or two items remain unresolved until day of (and sometimes at) the closing. The following suggestions will prepare you for the basics, so that the issues that may pop up at the last minute can receive your full attention:
Title Commitment - Whether a buyer or seller, you should be able to review your title commitment prior to closing. This commitment, while not the final policy, specifies what the title insurance covers, the recorded outstanding liens against the property, how it is titled and exceptions to coverage in the event of fraudulent documentation. If selling your home, you should ask your agent to order a preliminary title search at the time of listing. This should bring to light any unreleased mortgages, judgments, or other unanticipated clouds on your title, giving you ample time to resolve such issues well in advance of receipt of an offer or at your closing.
Surveyor Location Report - As with the title commitment, a seller should ask their agent to order a preliminary surveyor location report. Such a report reveals how the improvements are situated upon the land, informs them whether the property is located in a flood hazard area, and outlines possible encroachments. This would give a seller an opportunity to correct or address problems before the closing takes place. If a buyer, always ask for a surveyor location report (unless your intended purchase is a condominium). A surveyor location report usually costs around $150-$175 and is a small investment for peace of mind.
Mortgage documents – If you thrive on the nitty-gritty details, we suggest you request your lender send you a sample loan package so you can review and read every document in detail prior to closing. This will give you time to review the fine print and get your questions answered in advance rather than trying to contact your mortgage company during the closing for an immediate response. Your lender can explain in full detail (ahead of time) each document’s purpose and ramification. Then, while at closing, you will sign actual documents that reflect the particulars of your specific loan; namely the principal, interest rate and APR. If selling, review your mortgage documents for prepayment penalties, and contact your mortgage company to get a final payoff. Ask about their policy on whether they will exhaust any funds in escrow toward your balance, or if they will refund the outstanding escrow to you after closing. Inquire as to how long it may take to receive the check from your escrow account.
If you are not offered the opportunity to view these documents prior to closing, ask for them. We recommend allowing two (2) weeks to review them so all your answers can be addressed and any problems resolved well in advance. Other items that you will need for closing include:
Homeowner’s Insurance – Not only will you need to pay a full year’s premium in advance, but several months may be charged at your closing to fund your escrow account. Bring a copy of your binder and paid receipt for 12 months of coverage to the closing.
Picture ID – it necessary for the closing agent to verify your identity, so bring picture ID.
Certified Funds – any money to be brought to closing should be in the form of cashier’s check, certified check, or postal money order. Make the checks out to yourself, and then endorse them at closing. This includes any negotiation for lease backs, repairs, pro-rations for unused fuel, or personal items purchased from the seller.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Title Commitment - Whether a buyer or seller, you should be able to review your title commitment prior to closing. This commitment, while not the final policy, specifies what the title insurance covers, the recorded outstanding liens against the property, how it is titled and exceptions to coverage in the event of fraudulent documentation. If selling your home, you should ask your agent to order a preliminary title search at the time of listing. This should bring to light any unreleased mortgages, judgments, or other unanticipated clouds on your title, giving you ample time to resolve such issues well in advance of receipt of an offer or at your closing.
Surveyor Location Report - As with the title commitment, a seller should ask their agent to order a preliminary surveyor location report. Such a report reveals how the improvements are situated upon the land, informs them whether the property is located in a flood hazard area, and outlines possible encroachments. This would give a seller an opportunity to correct or address problems before the closing takes place. If a buyer, always ask for a surveyor location report (unless your intended purchase is a condominium). A surveyor location report usually costs around $150-$175 and is a small investment for peace of mind.
Mortgage documents – If you thrive on the nitty-gritty details, we suggest you request your lender send you a sample loan package so you can review and read every document in detail prior to closing. This will give you time to review the fine print and get your questions answered in advance rather than trying to contact your mortgage company during the closing for an immediate response. Your lender can explain in full detail (ahead of time) each document’s purpose and ramification. Then, while at closing, you will sign actual documents that reflect the particulars of your specific loan; namely the principal, interest rate and APR. If selling, review your mortgage documents for prepayment penalties, and contact your mortgage company to get a final payoff. Ask about their policy on whether they will exhaust any funds in escrow toward your balance, or if they will refund the outstanding escrow to you after closing. Inquire as to how long it may take to receive the check from your escrow account.
If you are not offered the opportunity to view these documents prior to closing, ask for them. We recommend allowing two (2) weeks to review them so all your answers can be addressed and any problems resolved well in advance. Other items that you will need for closing include:
Homeowner’s Insurance – Not only will you need to pay a full year’s premium in advance, but several months may be charged at your closing to fund your escrow account. Bring a copy of your binder and paid receipt for 12 months of coverage to the closing.
Picture ID – it necessary for the closing agent to verify your identity, so bring picture ID.
Certified Funds – any money to be brought to closing should be in the form of cashier’s check, certified check, or postal money order. Make the checks out to yourself, and then endorse them at closing. This includes any negotiation for lease backs, repairs, pro-rations for unused fuel, or personal items purchased from the seller.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Wednesday, January 2, 2008
Make Your Home a Giving Home
For each home sold with DAVID BRENTON’S TEAM, a donation to Children’s Miracle Network is made. Our local affiliate is Riley Hospital for Children. Riley is known throughout Indiana and the world as one of the premier hospitals for servicing the medical needs of children.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
Determining Value in a Home
You’re in the market to either buy or sell a home, so what is next? In either case, determining how much someone should pay for a home is vital to your success.
For sellers - A home that is under-priced needlessly costs the client potential return. An over-priced home can remain on the market for an extended amount of time, forcing the seller to either wait out a long listing period or have to adjust (lower) the asking price. Getting the price right from the start avoids these delays, and serves as a solid foundation for a great business relationship. We both want a price that is competitive and consistent with your market.
For buyers - A house that is over-priced or over-improved for the area may be difficult to resale (or recapture your purchase price) in future years. The appreciation of a property purchased under these circumstances will not increase as much as others in the neighborhood because your home is already at top dollar. However, one of our buyer specialists can provide a market analysis to determine where your asking price should be and discuss the sales history with you. That way, you can decide if the property is a great deal -- or a great deal too much.
Buyers and sellers can both benefit from reviewing a “Comparative Market Analysis” (CMA) of their property to determine the fair market value. In short, fair market value is the highest price that an informed buyer will pay for the home. Establishing fair market value will enable us to sit down and discuss in detail the pricing and normal closing costs to expect for your home.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
For sellers - A home that is under-priced needlessly costs the client potential return. An over-priced home can remain on the market for an extended amount of time, forcing the seller to either wait out a long listing period or have to adjust (lower) the asking price. Getting the price right from the start avoids these delays, and serves as a solid foundation for a great business relationship. We both want a price that is competitive and consistent with your market.
For buyers - A house that is over-priced or over-improved for the area may be difficult to resale (or recapture your purchase price) in future years. The appreciation of a property purchased under these circumstances will not increase as much as others in the neighborhood because your home is already at top dollar. However, one of our buyer specialists can provide a market analysis to determine where your asking price should be and discuss the sales history with you. That way, you can decide if the property is a great deal -- or a great deal too much.
Buyers and sellers can both benefit from reviewing a “Comparative Market Analysis” (CMA) of their property to determine the fair market value. In short, fair market value is the highest price that an informed buyer will pay for the home. Establishing fair market value will enable us to sit down and discuss in detail the pricing and normal closing costs to expect for your home.
If you have questions about moving, building, selecting your first home or moving up to your next home, contact DAVID BRENTON’S TEAM.
When you are serious about moving… put our TEAM to work for you!
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