Thursday, July 6, 2017

Top 10 Things You Can Do to Make Your Home Energy Efficient


Real Estate Matters with Tim Bro

Top 10 Things You Can Do to Make Your Home Energy Efficient

1. Keep heat producers far from your thermostat in summer. Floor lamps and televisions can significantly raise the temperature in the area near a thermostat, turning on your air conditioner too often.

2. Operate large appliances during low-use periods in summer. Use your washer and dryer and other heat-producers early in the morning or late at night. Use the air-dry method on your dishwasher to save energy.

3. Lower the thermostat on your water heater. If your hot tap water is too hot to touch, lower the temperature a few degrees.

4. Close the air vents in rooms not in use. For example, close the vents and shut the door to an unused guest room.

5. Replace existing insulation. A proper barrier keeps heat and cold from penetrating your home’s exterior and provides for even temperatures between rooms. The EPA recently reported that proper ceiling insulation may reduce electric bills 20%.

6. Replace existing appliances. If money is no object, replace old appliances with Energy Star appliances, specifically created to optimize energy consumption.

7. Check for air leaking around doors. A lot of the air you pay to heat or cool escapes through unsealed doors. Install or replace worn weather stripping.

8. Clean your furnace and air conditioner filters. Replace existing dirty air conditioner or furnace filters. During heavy use periods, replacement is recommended every 30 days.

9. Buy new light bulbs. Replace incandescent bulbs with fluorescent or LEDs.

10. Request an energy audit. Contact your local utility company to request a free energy audit.

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.  BRE #01224576





Monday, July 3, 2017

Distinctions between a Condo, PUD, and Co-op


Real Estate Matters with Tim Bro

Distinctions between a Condo, PUD, and Co-op

Condos: Walls, floors, and ceilings owned by all residents; HOA dues; covenants, conditions, and restrictions; value depends on the desirability of entire development.

Planned Unit Development (PUD): Individuals own structure and some land.

Co-op: Corporation made up of all tenants; larger units have more power in how building is run; fees for taxes, mortgage, repair, improvement; heavy scrutiny of financial, personal history.

Townhome: Not a form of ownership, but a term for an attached row house.

Advantages of each: Prices often lower than for single-family home; maintenance minimal or nonexistent; safety in “cluster” environment.

Condsiderations: HOA dues; CCRs may be complex.

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.   BRE #01224576





Friday, June 30, 2017

Home Equity: How to Use It


Real Estate Matters with Tim Bro

Home Equity: How to Use It

A refinance pays off your current mortgage and gives you cash based on your equity. These are good for:

·         Lowering or locking in your mortgage interest rate
·         Getting large sums of money ($30,000 or more)

Home equity loans (second mortgage) are installment loans that are paid out in one lump sum. They’re good for:

·         repaying credit card debt
·         remodeling projects
·         buying a new vehicle

A home equity line of credit works like a credit card – you agree to a pre-set limit and then borrow as you need to, or in the event of an emergency, usually for up to 10 years, repay/reuse. Good for:

·         debt consolidation
·         major home improvements

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.  BRE #01224576




www.TimBroHomes.US

Tuesday, June 27, 2017

Home Inspections


Real Estate Matters with Tim Bro

Home Inspections

A home inspection is meant to detail problems with a house and if they’re serious enough to prevent a sale. The three main points of an inspection are physical condition, items in need of repair or replacement, and remaining useful life of major systems.

It’s a good idea to attend the inspection: you can ask questions and the inspector can point out areas of potential trouble and offer maintenance tips. Expect an inspection to take 2-5 hours.

To hire an inspector, be sure to ask about references, memberships in professional associations, training, and experience.

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.   BRE #01224576






Friday, June 23, 2017

Why Do I Need Owner's and Lender's Title Policies?


Real Estate Matters with Tim Bro

Why Do I Need Owner’s and Lender’s Title Policies?


A common question that buyers ask their real estate agents is, “Why do I need an owner’s title policy and a lender’s title policy?
                                                                                        
Insuring title begins with a search of public records to determine that title to the property is insurable – that, among other things includes:

·         Deeds contain no incorrect names or wording
·         Any outstanding mortgages, judgments, or liens against the property that will need to be paid at the close of escrow
·         Any pending legal actions against the property that could affect buyers
·         Any defects on the title that need to be addressed

Simply put, title insurance protects against financial loss from defects in title to real property – for mortgage lenders as well as buyers.

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.

When Real Estate Matters, contact Tim.  BRE #01224576






Thursday, June 22, 2017

Important Appraisal Guidelines to Remember


Real Estate Matters with Tim Bro

Important Appraisal Guidelines to Remember

Appraisals can be very intimidating. The worth of your home is being determined by a third party. Here are some important guidelines that will help you get the appraisal you deserve.

Exterior
·         No Chipping Paint or Dry Rot (Eaves and Trim)

Interior
·         Smoke Alarms in ALL Bedrooms
·         Smoke Alarm in Hallway
·         CO Detector – 1 per floor

Utilities
·         Water, Gas & Electricity to be On

Mechanical
·         Heater/AC – Able to be turned On at Thermostat
·         Water Heater – Double Strapped

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.

When Real Estate Matters, contact Tim.  BRE #01224576





Tuesday, June 20, 2017

5 Tips for Buyers in a Tight Housing Market


Real Estate Matters with Tim Bro

5 Tips for Buyers in a Tight Housing Market

When inventory is low, multiple offers tend to increase home prices. Attempting to purchase a home in this market can be overwhelming. With the right choice in proactive agents, it will happen to your satisfaction!!!  Get through this home buying process by following this process:

1.    Determine and stick to your budget. Obtain an approval letter from your lender to verify your loan amount. Take into account additional costs of ownership. Costs such as taxes, utilities and insurance should be taken into consideration when determining your payment budget.

2.    Identify desired neighborhoods and home “wants” versus “needs”. When housing inventory is tight, buyers may need to compromise on what they believe they want from a home. Certain “wants”, such as stainless appliances or hardwood floors, can be added later. However, if a buyer “needs” to be in a specific neighborhood for work or school purposes, or have a certain sized backyard, those cannot be addressed later and must be taken into account during the house hunting process.

3.    Be ready to make a decision. Desirable homes rarely stay on the market long in a seller’s market. Do not hesitate to make the offer. Do your homework, then act quickly and decisively to secure the property that is your next home.

4.    Your offer. Share with your agent your questions and concerns and get those things answered upfront. Your agent will contact the seller or seller’s agent and determine the seller’s hot buttons and get answers for you. Review those things together, while keeping in mind your wants and needs. Be flexible with things like move-in dates, contingencies, and services chosen.  Then have your agent review the best strategy for you and write the offer – NOW!   Don’t wait or you may lose the property.

5.    Work with Tim Bro. It’s important to work with the right realtor who is experienced and knowledgeable in this type of market. Tim has an excellent reputation and 20 years of experience in the real estate business.

To get started with your home sale or purchase, call Tim @ 858-354-2354, “The Right Choice in Real Estate”.

When Real Estate Matters, contact Tim.  BRE #01224576