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Posted by Bruno Real Estate Advisors on 1/13/2019

You may have a rough idea of what your home is worth. Maybe you have recently been given an assessed value on the home, or have peeked on an online search as to what comes up for your home. Do you really understand all of the things that affect the value of your home? There are many things that may not be obvious but are important to the number that youíll come to when you decide to sell your home. 


The Number Of Your House


Do you live at 13 Elm Street or 7 Winnerís Way? Buyers have superstitions that surround numbers and street names. Donít be surprised if the number of your house or even the name of your street brings buyers in or sends them running. Thereís not much you can do to change the house number or street name, but itís something to keep in mind. Sometimes the reason that certain buyers are turned off from your house is truly out of your control. If you do live on a desirable street, that can help bring up the value of your home due to the demand in the area. Remember that what some consider ďunluckyĒ others consider a blessing (like the number 13!) 


The Neighborhood


While your home may be perfectly pristine, you donít have much control over what your neighbors do. If there are neighbors nearby that have strange items in their yards, strange colored homes, or other eccentric tastes, buyers may be turned off from your home. This could actually cause the price of your home to drop slightly. You should be prepared for this to affect the sale of your home, but donít be discouraged. If buyers enjoy your home enough, theyíll be able to turn off that all too bright paint color next door.


Greenery


Trees and greenery increase the value of a home. Donít think of cutting down those trees on your property unless you have to! Trees that have grown up on your property will add a lot of value to the home in the future. If youíve been living at your residence for 20 years or so, think of the value that those first seeds and bushes you planted have added! 


Interests Are Not Universal


If you have displays, shrines, or rooms dedicated to a certain hobby, it could either be beneficial or detrimental to your home sale. This all depends on who comes walking through the door for a home showing. If youíre a Veteran and have some Marine Corps things around the houses, it could attract the attention of other Vets. However, that strange Marilyn Monroe room you have might actually deter from the pool of people available to buy your home. Buyers like to be able to see themselves living in the home. Some circumstances make it easier than others for buyers to have a vision for themselves in your home.    






Posted by Bruno Real Estate Advisors on 1/6/2019

If you have just purchased a home, you have the option to refinance your home soon. Just because you can refinance your home doesnít mean that you should. How long you should wait to refinance your home depends on a few things including:


  • Your refinancing goals
  • The rules of your lender
  • If your mortgage has a pre-payment penalty clause

Goals


Your goals for refinancing are among the most important things when considering whether to refinance. Lenders typically wonít refinance a loan that you have secured in the last 120-180 days, so if youíre looking to lower your monthly payments, you may have to shop for a new lender.    


The Type Of Loan You Have


If your financial situation has changed, it may be smart to change the type of loan that you have. Oftentimes, changing the rate and the terms of the loan can give you the extra freedom that you need for your loan and your life. 


Pay Off Your Mortgage Faster


If you do a cash-in refinance, this could be a smart way for you to build equity for your financial future and help you to secure a lower rate for your mortgage. Keep in mind that FHA loans are a bit different when it comes to paying down your mortgage. The FHA streamline program requires that you wait a minimum of 6 months before you refinance. 


Pre-payment Penalties


 Before you refinance your home, youíll need to double-check to ensure that your mortgage doesnít have a pre-payment penalty. If you do have one of these clauses included in your loan agreement, you should consult your lender to make sure that refinancing is a smart move for you.


Lenderís Rules


Every lender has different rules as to how quickly you can refinance your mortgage. You may also need to meet certain qualifications in order to go ahead with the refinancing. 


As tempting as it can be to try and get a lower mortgage rate, you may want to hold off on refinancing for a variety of reasons. Remember that every time you refinance your home, youíll need to pay closing costs and other fees. While it may be a savings in the long term, it could cost you some up front cash. 


The best course of action is ideally to shop for  a lender and a mortgage rate that will suit your needs from the beginning. While no one can completely predict a changing market, you can shop around and find the right rate and loan for you at the time.




Tags: refinancing  
Categories: finances  


Posted by Bruno Real Estate Advisors on 12/30/2018

When you are ready to buy a house, it pays to plan ahead to conduct a successful house search. That way, you can quickly and effortlessly navigate the real estate market and make your homeownership dream come true in no time at all.

Ultimately, you don't need to be a real estate expert to navigate the housing market like a pro. To better understand what it takes to complete a successful house search, let's take a look at three tips to ensure you can seamlessly go from homebuyer to homeowner.

1. Create Homebuying Criteria

If you plan to purchase a house in the foreseeable future, it helps to establish homebuying criteria. By doing so, you can enter the real estate market with a plan.

Think about where you want to reside. For example, if your goal is to live in the same small town as your family members and friends, you may want to hone your house search to properties in this town. Or, if you want to own a house that is close to your office in the city, you may want to pursue residences in or around the city itself.

Consider what differentiates your dream house from an ordinary home too. Thus, if you want to own a home that boasts an in-ground pool, dazzling garden or other distinct features, you should include these criteria in your homebuying strategy.

2. Get Pre-Approved for Home Financing

Lenders can help you get pre-approved for a mortgage prior to launching a home search. Then, you can establish a budget for the homebuying journey.

There is no shortage of mortgage options available, regardless of your credit score, income and outstanding debt. If you meet with banks and credit unions, you can learn about different mortgage options and select a mortgage that is sure to serve you well.

Of course, when you meet with lenders, don't hesitate to ask questions. Lenders employ friendly, knowledgeable mortgage specialists, and these professionals are happy to help you make an informed mortgage selection.

3. Hire a Real Estate Agent

A real estate agent can help you simplify your home search. In fact, with a real estate agent at your side, you can boost the likelihood of finding a terrific house at a budget-friendly price.

Generally, a real estate agent understands what it takes to pursue a home in any city or town, at any time. If you employ a real estate agent, you can get the help you need to accelerate your quest for your dream residence.

A real estate agent usually learns about a homebuyer's goals and maps out a homebuying plan. He or she sets up home showings and keeps a homebuyer up to date about new residences that fit a buyer's criteria. And if a homebuyer wants to submit an offer to purchase a residence, a real estate agent will help this buyer craft a competitive proposal.

Ready to buy a house? Use the aforementioned tips, and you can streamline your search for your ideal residence.





Posted by Bruno Real Estate Advisors on 12/23/2018

Selling your home presents many opportunities and challenges. On the one hand, home sellers have an opportunity to earn a profit if they can stir up substantial interest in their properties. Comparatively, selling a home can be difficult, particularly for property sellers who are working in a buyer's market.

Ultimately, the home selling experience should be memorable for all the right reasons, and we're here to help you get the most out of the property selling journey.

What does it take to enjoy an unforgettable home selling experience? Here are three tips to ensure you can do just that.

1. Conduct a Home Appraisal

You love your home, but you also understand that your residence is far from perfect. As such, a home seller should perform a property appraisal before adding his or her house to the real estate market.

During a home appraisal, a property expert will examine your residence and identify any problem areas. That way, you can uncover "hidden" problems with your residence and correct these issues as needed.

A home appraisal is exceedingly valuable, especially for home sellers who want to get the best price for a property. The appraisal may require only a few hours to complete and will provide you with comprehensive insights into your home's strengths and weaknesses.

2. Prep Your Home's Exterior and Interior

Your home only gets one chance to make a positive first impression on property buyers, so why not make the most of it?

With a dazzling home exterior, you can boost your home's chances of generating plenty of interest from property buyers.

Home exterior improvements often are simple to complete. In fact, quick, easy tasks like mowing the front lawn or removing dirt and debris from walkways can make a world of difference in the eyes of homebuyers.

Don't forget to clean your home's interior as well. Mopping the floors, wiping down countertops and performing other home interior maintenance may help your residence stand out to property buyers during home showings and open houses.

3. Collaborate with a Real Estate Agent

With a real estate agent at your side, you should have no trouble enjoying a terrific home selling journey.

A real estate agent is a housing market professional who understands what it takes to sell a residence. He or she can provide extensive insights into real estate market trends and ensure you can make informed home selling decisions.

Typically, a real estate agent will set up home showings, negotiate with homebuyers on your behalf and promote your residence. This housing market professional also will respond to your home selling concerns and queries. By doing so, a real estate agent can help you accelerate the home selling cycle and optimize the value of your residence.

When it comes to selling your home, hiring a real estate agent is a must. This real estate professional will go above and beyond the call of duty to streamline the home selling process and help you can get the best results possible.





Posted by Bruno Real Estate Advisors on 12/16/2018

If thereís one room in the house most people long to be high end, itís the bathroom. A room of relaxation and rest. The one place everyone can find time to themselves within, even if itís two minutes. The bathroom is our sanctuary. And you donít need to break the bank to create a luxe environment. 

Frame a flat bathroom mirror with molding for a classic and one-of-a-kind look. Detailed millwork is synonymous with an upscale home because more time and effort has been put into the fine details. Pick a style of molding that matches your unique preferences and a wood stain or paint color to match the rest of your decor.

A new shower head isnít immediately visible so itís not a style upgrade. However, itís an upscale lifestyle upgrade to be certain. A rain shower head provides a steady, even flow of water while covering more surface space.

Update the light fixture(s) in your bathroom to change the aesthetics and light quality. There are many sleek, minimalist vanity light fixtures on the market if you are looking to keep up with trends. For a dramatic change look for sconce shapes that differ from those already installed. If you have bell-shaped sconces look for a square or rectangular option. If you have bulbs try ovaluar or sleek coned shape sconce.

Install matching metal finishings from the faucet to drawer pulls. Sometimes as we update our homes feature by feature mismatched hardware happens. Take the opportunity to create a cohesive harmony throughout the room by matching knobs, faucets and light fixture finishes. Knobs being the most budget friendly and easiest to swap, try to match these to your existing hardware and not the other way around.

A new coat of paint can make the world of difference in any room. Bathrooms seem to seldom get the same playful attention to color as other rooms do. And a color from years past can dramatically date a room despite more classic pieces within it. Donít be afraid to make a bold statement with a pop of color. Or cover up tired blue walls with a neutral shade for a high-end look.

Invest in a towel warmer for a luxe after-bathing experience. With many styles to choose from youíll be sure to find one in a style that fits your current decor without a problem. Towel warmers come as drawers or as a rack. Racks either install on the wall or come as a stand-alone piece. All three options can utilize an outlet without having to be installed as a part of your electrical work like a light fixture would.

One surprising way to upgrade your bathroom is with plants. Look for varieties that thrive off of humidity to create a lush, paradise. Plants have a soothing effect and will have your bathroom feeling like a true oasis. If you donít have a natural green thumb consult an expert at your local gardening center to find those that will do best in the lighting and air conditions of your bathroom.




Tags: bathroom   upscale   high-end  
Categories: bathroom   high-end   upscale  




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