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Moving Tips

Eight weeks before you leave your present address

  • Remove unnecessary items from your attic, basement,storage shed, etc. Use things you can’t move, such as frozen foods and cleaning supplies.
  • Obtain information about your new community.
  • Secure a floor plan of your new residence and decide what household items you want to keep.
  • Start a possessions inventory.
  • Solicit estimates from at least three moving companies.
  • Call your homeowners insurance agent to find out to what degree your move is covered.
  • Create a file for documenting all moving papers and receipts.
  • Arrange to transfer your children’s school records.

Six weeks before you leave your present address

  • Contact the IRS and/or your CPA for tax-deductible information.
  • Evaluate your possessions inventory. Can you donate anything? Do you need it all?
  • Notify your friends, relatives, professionals, creditors, subscriptions, etc.
  • Subscribe to a local paper in your new community and familiarize yourself with local government, community and social news and activities.
  • Begin the off-site storage process (if applicable).
  • Locate high-quality health-care professionals and hospitals in your new location.
  • Complete post-office change of address cards for the following: banks; charge cards; religious organizations; doctors/dentist; relatives and friends; income tax bureau/Social Security Administration/union; insurance broker/lawyer/CPA/ stockbroker; magazines; post office; and schools.
  • Clean your closets.
  • Hold a moving/garage sale or donate items to charities.
  • Choose a mover. Contact your mover to make arrangements and inquire about insurance coverage.
  • If relocating due to a job, contact your employer to see what costs, if any, they will cover.

Four weeks before you leave your present address

  • Start packing!
  • Send furniture, drapes and carpets for repair/cleaning as needed.
  • Gather auto licensing and registration documents, medical, dental and school records, birth certificates, wills, deeds, stock and other financial documentation, etc.
  • Contact gas, electric, oil, water, telephone, cable TV and trash collection companies for service disconnect /connect at your old and new addresses. Also ask for final readings.
  • Request refunds on unused homeowner’s insurance, security deposit with landlord, and prepaid cable/internet service.
  • Notify your gardener, snow removal service and pool service (if applicable).
  • Contact insurance companies (auto, homeowner’s, medical and life) to arrange for coverage in your new home.

Three weeks before you leave your present address

  • Make your travel plans.
  • Arrange to close current bank accounts and open accounts in your new locale (if necessary).
  • Notify your state’s motor vehicle bureau of your new address.
  • Arrange for childcare on moving day.

Two weeks before you leave your present address

  • Arrange special transport for your pets and plants.
  • Service your car for the trip.
  • Contact your moving company and review arrangements for your move.

One week before you leave your present address

  • Prepare detailed directions and an itinerary with emergency numbers for your moving company.
  • Settle outstanding bills with local retailers. Pick up dry cleaning, and return library books and rented videotapes.
  • Take pets to the veterinarian and get copies of their records.
  • Drain gas and oil from power equipment.
  • Give away plants not being moved.
  • Cancel newspaper delivery.
  • Buy two-weeks worth of medication and have your prescriptions forwarded to your new pharmacy.
  • Buy traveler’s checks.
  • Make arrangements to pay for your move.

Two to three days before you leave your present address

  • If you’re not doing it yourself, have your mover pack.
  • Defrost refrigerators and freezers.
  • Consider gathering all valuables and giving them to family or friends to hold until the move is completed.
  • Disconnect all major appliances.
  • Contact your moving company for any updates.
  • Pack first-night items and a survival kit. Keep them in separate boxes in your car. First night items may include: sheets, towels, toiletries, phone, alarm clock, change of clothes and flashlight.
  • Mover’s survival kit may include: scissors, utility knife, coffee cups, instant coffee/tea or a coffee maker, water and soft drinks, snacks, paper plates, plastic utensils, paper towels, toilet paper, soap, pencils and paper, local phone book, masking and/or duct tape, trash bags, shelf liner and aspirin or ibuprofen.

Moving day

  • Be home to answer any questions your mover may have.
  • Record all utility meter readings (gas, electric and water).
  • Stay until your movers are finished.
  • Complete information on the bill and carefully read the document and the inventory sheet before signing it.
  • Keep your copies of the bill and inventory until your possessions are delivered, the charges are paid and any claims are settled.
  • Take one final look around to see if you forgot anything.
  • Give movers the directions to your new home, and an emergency number where you can be reached during the move.

At destination

  • Unpack first-night items and mover’s survival kit.
  • Be at the destination to welcome the movers and be on hand to answer any questions.
  • After the job is completed, pay what is owed. The driver is obligated by law (a federal requirement for interstate moves) to collect payment upon delivery.
  • Scrutinize the unloading of your items and account for each one on your inventory sheet. Check promptly and carefully for any damaged or missing items.
  • Place moving and other important documents in a safe place.
  • Go to the post office and collect held mail.
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Mistakes Sellers Make

  • Basing the asking price on needs or emotion rather than market value. Many times sellers base their pricing on how much they paid for or invested in their home. This can be an expensive mistake. If your home is not priced competitively, buyers will reject it in favor of other larger homes for the same price. At the same time, the buyers who should be looking at your house will not see it because it is priced over their heads. The result is increased market time, and even when the price is eventually lowered, the buyers are wary because “nobody wants to buy real estate that nobody else wants”. The result is low priced offers and an unwillingness to negotiate. Every seller wants to realize as much money as possible from the sale, but a listing priced too high often eventually sells for less than market value. An accurate market evaluation is the first step in determining a competitive listing price.
  • Failing to “Showcase” the home. A property that is not clean or well maintained is a red flag for the buyer. It is an indication that there may be hidden defects that will result in increased cost of ownership. Sellers who fail to make necessary repairs, who don’t “spruce up” the house inside and out, and fail to keep it clean and neat, chase away buyers as fast as REALTORS® can bring them. Buyers are poor judges of the cost of repairs, and always build in a large margin for error when offering on such a property. Sellers are always better off doing the work themselves ahead of time.
  • Over-improving the home prior to selling. Sellers often unwittingly spend thousands of dollars doing the wrong upgrades to their home prior to attempting to sell in the mistaken belief that they will recoup this cost. If you are upgrading your home for your personal enjoyment – fine. But if you are thinking of selling, you should be aware that only certain upgrades to real estate are cost effective. Always consult with your REALTOR® BEFORE committing to upgrading your home.
  • Choosing the wrong REALTOR® or choosing for the wrong reasons. Many homeowners list with the real estate agent who tells them the highest price. You need to choose an experienced agent with the best marketing plan to sell your home. In the real estate business, an agent with many successfully closed transactions usually costs the same as someone who is inexperienced. That experience could mean a higher price at the negotiating table, selling in less time, and with a minimum amount of hassles.
  • Using the “Hard Sell” during showings. Buying a home is an emotional decision. Buyers like to “try on” a house and see if it is comfortable for them. It is difficult for them to do if you follow them around pointing out every improvement that you made. Good REALTORS® let the buyers discover the home on their own, pointing out only features they are sure are important to them. Overselling loses many sales. If buyers think they are paying for features that are not particularly important to them personally, they will reject the home in favor of a less expensive home without the features.
  • Failing to take the first offer seriously. Often sellers believe that the first offer received will be one of many to come. There is a tendency to not take it seriously, and to hold out for a higher price. This is especially true if the offer comes in soon after the home is placed on the market. Experienced REALTORS® know that more often than not the first buyer ends up being the best buyer, and many, many sellers have had to accept far less money than the initial offer later in the selling process. Real estate is most saleable early in the marketing period, and the amount buyers are willing to pay diminishes with the length of time a property has been on the market. Many sellers would give anything to find that prospective buyer who made the first, and ONLY, offer.
  • Not knowing your rights and obligations. The contract you sign to sell your property is a complex and legally binding document. An improperly written contract can allow the purchaser to void the sale, or cost you thousands of unnecessary dollars. Have an experienced REALTOR® who knows the “ins and outs” fully explain the contract you are about to sign.
  • Failure to effectively market the property. Good marketing opens the door that exposes real estate to the marketplace. It means distinguishing your home from hundreds of others on the market. It also means selling the benefits, as well as the features. The right REALTOR® will employ a wide variety of marketing activities, emphasizing the ones believed to work best for your home.
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How Do I know if I Qualify for an FHA Loan?

FHA loans have long been a valuable resource for Americans who want to fulfill their goal of homeownership but who don’t have the benefit of a lengthy credit history and equity.

If you’re hoping to buy a home in the near future but want to explore all of your options in terms of financing, this article is for you.

Today we’re going to talk about FHA loans and how to know if you qualify for one.

What are FHA loans?

FHA loans are issued by private mortgage lenders across the country, just like regular mortgages. The difference, however, is that an FHA loan is “guaranteed” by the federal government.

Lenders decide your borrowing eligibility, and how much you can borrow, by determining risk. If you don’t have a sizable down payment (oftentimes 20% or more) and you have a low credit score, most mortgage lenders will see you as a risky person to lend to.

When you get an FHA loan, however, the federal government assumes some of that risk, allowing you to secure the loan anyway.

This means you can buy a home with a low credit score, a smaller than usual down payment, and save on some closing costs.

How do I qualify for an FHA Loan?

To find out if you qualify for an FHA loan, you’ll head to the same place as a traditional mortgage–a mortgage lender. Oftentimes, you can simply call or visit the website of lenders to get the process started.

As with all things, it’s a good idea to shop around for a mortgage lender. Their offerings will be largely similar, but there might be minor differences that make one better than another for your particular circumstances.

Down payment requirements

To secure an FHA loan, you will need to make a down payment of at least 3.5%. However, this low down payment comes with a price. You’ll typically be required to pay private mortgage insurance (PMI) fees on top of your accruing interest for your loan.

Credit score requirements

While you can often secure a mortgage with a lower credit score through an FHA loan, there are still some requirements. To secure a loan with the lowest possible down payment (3.5%), you’ll need a credit score of 580 or above.

Previous homeowners and FHA loans

A common misconception about FHA loans is that they are only for first-time homeowners. However, you can still qualify for an FHA loan if you’ve owned a home before as long as it has been three years since you’ve had a foreclosure or two years since filing for bankruptcy.

If you meet these three conditions, you should be able to secure an FHA loan through a traditional mortgage lender.

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How To: Setting Up a Home Office

Working from home is a job benefit many dream of. However, despite what some may think working from home is not all fun and games. While it may make for an easier commute it also can make for more distractions that keep you from your work. Learn how you can create an office in your home that is a productivity oasis.

Function before form. It may be tempting to run out and buy all the beautiful office supplies and knick knacks, but before you do plan out the function of your office first. Create a list of must-have items. Will you need a printer, file cabinet or shelves for your reference binders? Perhaps a fax machine, large whiteboard or a sprawling desk with plenty of elbow room. Knowing what you need on hand to create the most efficient work environment will give you the ability to sit down and productively work without running out to get supplies or inventing workarounds. You will also want to invest in a good ergonomic chair since you will be spending so much of your time sitting in it. Your back will thank you.

Location. The location of your home office in your house may be more important than you think. Choosing a quiet secluded room with lots of light will create an ideal working environment. If you have children or a partner that will be home during the day you will want the room in a place where they will not have to tiptoe around like if you, for example, set up shop in the dining room. Creating some “do not disturb” signs may be a good idea to further set boundaries with your family.

Organize. Set yourself up for success off the bat by developing an organization system that works best for your home office. Since home offices tend to be set up in smaller rooms of a house make the most of your space by organizing vertically as well horizontally. Neatly manage and label cords when you set up any electrical equipment. Keep the items you use daily within easy reach so you don’t need to jump up and down all day to dig through your cabinets.

Inspire. This is your home office, after all, and not a cubicle so don’t be afraid to add personality to work your space. Pick up posters with uplifting quotes or imagery or a cork board to pin inspiration and goals. Paint your office a color that uplifts and inspires you. A calm blue paired with a vibrant yellow can help boost your focus and alertness. Setting up a home office is an exciting house project, especially when you will have the opportunity to work from home. While it’s tempting to make your new office one that is visually appealing don’t forget to keep function at the forefront of your planning process. In the end, you’ll have the best of both worlds and may even be more productive for it!