Real Estate & Finance News http://rismedia.com/?p=133200 http://rismedia.com/2017/08/19/key-steps-mortgage-underwriting-process/ Advice Buying/Selling For Your Clients Latest News Bankrate.com CFPB Flood Insurance Home Appraisal Mortgage Borrower Mortgage Lending Mortgage Underwriting Title Insurance Key Steps in the Mortgage Underwriting Process <p>(TNS)—An underwriter is an entity, typically a company, accountable for analyzing and assuming the risk of another entity. Underwriting typically happens behind the scenes but is an important aspect of mortgage approvals. The mortgage underwriting process has five key steps: verification, appraisal, title search and insurance, flood certification, and surveying. Verification After the housing crisis [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/19/key-steps-mortgage-underwriting-process/">Key Steps in the Mortgage Underwriting Process</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sat, 19 Aug 2017 04:01:27 Z http://rismedia.com/2017/08/19/key-steps-mortgage-underwriting-process/#respond Susanne Dwyer <p>(TNS)—An underwriter is an entity, typically a company, accountable for analyzing and assuming the risk of another entity. Underwriting typically happens behind the scenes but is an important aspect of mortgage approvals. The mortgage underwriting process has five key steps: verification, appraisal, title search and insurance, flood certification, and surveying.</p> <p><strong>Verification</strong><br /> After the housing crisis of the mid-2000s, the Consumer Financial Protection Bureau (CFPB) enacted rules to protect borrowers. Under these new rules, lenders must be sure a borrower is qualified. Verifying the information you put on your application is top priority.</p> <p>The lender&#8217;s team of underwriters will check the information on your application and supporting documents. They will call your employer, for example, to confirm that you work at that job and that you are paid what you said you&#8217;re paid. If you&#8217;re self-employed, you may need to supply a lot more documentation. The amount of verification involved depends on how risky your lender perceives you to be.</p> <p><strong>Appraisal</strong><br /> The lender wants to be sure that the price of the property you&#8217;re buying is comparable to the values of similar properties. The lender will get an independent appraisal of the property prior to closing, and the results could affect the rate and terms of your mortgage. A licensed appraiser will provide an expert&#8217;s estimated value based on a physical inspection and comparables, or &#8220;comps&#8221;—prices paid for comparable properties that have recently sold in the neighborhood. An appraisal typically costs between $300 and $500.</p> <p><strong>Title Search and Title Insurance</strong><br /> After the appraiser has looked at the physical side of your house, a title company looks at its legal history. Your lender doesn&#8217;t want to lend money against a house that may have claims on it. That&#8217;s why a title company performs a title search.</p> <p>The title company will research the history of the property, looking for encumbrances such as mortgages, claims, liens, easement rights, zoning ordinances, pending legal action, unpaid taxes and restrictive covenants.</p> <p>The title insurer then issues a policy that guarantees the accuracy of the work. Your lender will require a title policy that protects the lender. In some cases, two policies are issued—one to protect the lender and one to protect the property owner.</p> <p><strong>Flood Certification</strong><br /> Flood insurance is not part of a standard homeowners insurance policy. If your property is in a flood zone, your lender wants to know about it. The lender will hire a specialist to analyze your property and neighboring sites to determine if the home is in a flood zone; the report is called a flood certification. If you&#8217;re in a flood zone, you&#8217;ll be required to buy flood insurance.</p> <p>If you think you may be in a flood-prone area, you can check out any property on FloodSmart.gov before you even start searching for your new home.</p> <p><strong>Survey</strong><br /> Finally, some lenders will require that a home&#8217;s property boundaries be verified by a professional survey.</p> <p>While all of this information is being gathered, you can help by taking these steps:</p> <ul> <li>Provide complete documentation with your application.</li> <li>Respond promptly to your lender&#8217;s request for more information.</li> <li>Call your lender and real estate agent to check on your loan application status.</li> <li>Help contact employers and others who may need to provide documentation.</li> <li>Keep records of your conversations with your lender.</li> </ul> <p><em>Visit Bankrate online at </em><a href="http://www.bankrate.com/" target="_blank"><em>www.bankrate.com</em></a><em>.<br /> </em></p> <p><em>©2017 Bankrate.com<br /> Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/19/key-steps-mortgage-underwriting-process/">Key Steps in the Mortgage Underwriting Process</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/19/key-steps-mortgage-underwriting-process/feed/ 0 2017-08-19 04:01 +00:00 2017-08-18 21:01 -07:00 http://rismedia.com/?p=133170 http://rismedia.com/2017/08/17/simple-ways-stage-exterior-home-before-open-house/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Exterior Home Staging Home Staging Open House Tips RISMedia's Housecall 5 Simple Ways to Stage the Exterior of Your Home Before an Open House <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: 7 Tips for Writing a Great Real Estate Agent Resume Facebook&#8217;s Latest Ad Product Is Designed Specifically for Real Estate 5 Stunning Staircases to Move You Higher If you&#8217;re selling your home, chances are good you&#8217;re familiar [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/17/simple-ways-stage-exterior-home-before-open-house/">5 Simple Ways to Stage the Exterior of Your Home Before an Open House</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 17 Aug 2017 19:54:25 Z http://rismedia.com/2017/08/17/simple-ways-stage-exterior-home-before-open-house/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/real-estate-agent-resume/">7 Tips for Writing a Great Real Estate Agent Resume</a></li> <li><a href="http://blog.rismedia.com/2017/facebook-ads-real-estate/">Facebook&#8217;s Latest Ad Product Is Designed Specifically for Real Estate</a></li> <li><a href="http://blog.rismedia.com/2017/stunning-staircases/">5 Stunning Staircases to Move You Higher</a></li> </ul> <p>If you&#8217;re selling your home, chances are good you&#8217;re familiar with the concept of staging your home. Real estate agents recommend your home look its best to prospective buyers, and home staging is a great way to ensure you receive top dollar.</p> <p>Did you know you should stage the exterior of your home, too? Failing to update the look of your home&#8217;s exterior can cause buyers to get a bad first impression when they initially arrive to view your home. Whether your target is <a href="http://dcrealestateguru.com/luxury-home-buying-in-washington-dc/" target="_blank">luxury homebuyers</a> or you are selling your starter home, staging the exterior will have a major impact on the sale of your home. If you want to put exterior home staging to work, here are five elements you should consider tweaking.</p> <p><strong>Clean Your Exterior Windows and Screens</strong><br /> Nothing says poor maintenance like dirty windows and window screens. If your windows are caked with dust or muck from the last rainstorm, open house visitors are going to wonder what other maintenance jobs you haven&#8217;t attended to. Don&#8217;t give visitors the opportunity to question whether your home has been properly maintained or not; clean those windows and screens <em>before</em> hosting an open house.</p> <p><strong>Refresh Your Gardens and Walkways</strong><br /> Just like dirty windows are a real estate faux pas, so are unkempt flower beds. Weeds and overgrown bushes tell visitors you can&#8217;t be bothered with the small stuff. Spend a day <a href="https://www.scotts.com/en-us/library/lawn-basics/how-control-prevent-common-lawn-weeds" target="_blank">removing weeds</a> and trimming flowers, or hire a professional landscaper to refresh your gardens. It is amazing what a refreshed garden can do to your home&#8217;s curb appeal.</p> <p><strong>Refresh Your Home&#8217;s Siding</strong><br /> No, you don&#8217;t have to replace your home&#8217;s siding prior to an open house. A quick power wash could be all it takes to remove years of dust and grime. You can attempt this task yourself, but it might be worth your while to hire a professional—some homeowners have been known to damage their home&#8217;s siding by using too forceful a water stream.<strong><br /> </strong></p> <p><strong>Update/Clean Door Fixtures and House Address Signage</strong><br /> Something as simple as a new door knob or address signage can give your home a refreshed look. You needn&#8217;t spring for a new door; just update the face plate and/or door knob. Purchase new address numbers from the local hardware store and you&#8217;ll have tweaked the look of your home&#8217;s exterior in just a few minutes.</p> <p><strong>Clean Patio Furniture</strong><br /> Whether you have chairs on your front veranda or a dining set on your back deck, tired patio furniture can cost you big dollars when it comes time to negotiate with a potential homebuyer. Dilapidated patio furniture instantly gives a bad impression and can cause potential homebuyers to request replacement furniture as part of their deal. Spruce up your existing furniture with a quick power wash, or replace it if it is beyond cleaning.</p> <p>Simple tweaks to the exterior of your home can have a big impact on your home&#8217;s final selling price. By spending just a few days improving the look of the outside of your home, you can increase the amount buyers are willing to offer and make your home the cleanest real estate listing on the block. Will you be trying these exterior home staging tricks when you list your home for sale?</p> <p><em>Charles Muotoh is the owner of </em><a href="http://dcrealestateguru.com/" target="_blank"><em>dcrealestateguru.com</em></a><em>, a full-service real estate firm focused on leveraging digital marketing strategies to serve buyers and sellers of real estate in the Washington D.C. area.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/17/simple-ways-stage-exterior-home-before-open-house/">5 Simple Ways to Stage the Exterior of Your Home Before an Open House</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/17/simple-ways-stage-exterior-home-before-open-house/feed/ 0 2017-08-17 19:54 +00:00 2017-08-17 12:54 -07:00 http://rismedia.com/?p=132963 http://rismedia.com/2017/08/13/want-save-down-payment-skip-pre-wedding-shenanigans/ Advice Buying/Selling Consumer For Your Clients Latest News News Trending Avocado Toast Bachelor Party Costs Bachelorette Party Costs Down Payment Savings Home-Buying Millennial Homebuyers Zillow Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans <p>Would-be homeowners can easily plunk down savings for a home—if they forgo their friends&#8217; one last hurrah before the big day. A recent report by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/13/want-save-down-payment-skip-pre-wedding-shenanigans/">Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 13 Aug 2017 17:03:21 Z http://rismedia.com/2017/08/13/want-save-down-payment-skip-pre-wedding-shenanigans/#respond Susanne Dwyer <p>Would-be homeowners can easily plunk down savings for a home—if they forgo their friends&#8217; one last hurrah before the big day.</p> <p>A recent <a href="https://www.zillow.com/blog/partying-or-down-payment-220289/" target="_blank">report</a> by Zillow reveals the cost of destination bachelor or bachelorette parties can equal up to one-third of a down payment on a median-priced home. With attendees spending an average $1,106 (for destination bachelorette parties) and $1,532 (for destination bachelor parties), according to The Knot, partaking in just nine pre-marriage celebrations—or three each year for three years—would total 34 percent, or $13,788, of a 20 percent down payment on a median-priced home.</p> <p>Without question, the amount of parties needed to rack up one-third of a down payment varies by market:</p> <p><a href="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Bachelor_Party.jpg" rel="attachment wp-att-132965"><img class="alignleft size-full wp-image-132965" src="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Bachelor_Party.jpg" alt="Zillow_Bachelor_Party" width="929" height="888" srcset="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Bachelor_Party-300x287.jpg 300w, http://rismedia.com/wp-content/uploads/2017/08/Zillow_Bachelor_Party-768x734.jpg 768w, http://rismedia.com/wp-content/uploads/2017/08/Zillow_Bachelor_Party.jpg 929w" sizes="(max-width: 929px) 100vw, 929px" /></a></p> <p>Bachelor and bachelorette getaways are just one of several stereotypically &#8220;millennial&#8221; spending choices called into question as of late. Earlier this year, one real estate developer <a href="http://blog.rismedia.com/2017/avocado/">singled out avocados</a>, telling Australia&#8217;s &#8220;60 Minutes&#8221;: &#8220;When I was buying my first home, I wasn&#8217;t buying smashed avocado for 19 bucks and four coffees at $4 each.&#8221;</p> <p>&#8220;Buying a home is one of the most expensive purchases someone will ever make, and for most first-time buyers, that means years of saving money to afford a down payment,&#8221; says Jeremy Wacksman, CMO at Zillow. &#8220;Attending your friends&#8217; bachelor or bachelorette parties can be a trip of a lifetime. While everyone&#8217;s budget and priorities are different, big-ticket expenses like vacations can add up surprisingly quickly—a lot faster than a $19 avocado toast.&#8221;<em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.zillow.com" target="_blank"><em>www.zillow.com</em></a><em>.<br /> </em></p> <p><em>Suzanne De Vita is RISMedia&#8217;s online news editor. Email her your real estate news ideas at </em><a href="mailto:sdevita@rismedia.com"><em>sdevita@rismedia.com</em></a><em>.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/13/want-save-down-payment-skip-pre-wedding-shenanigans/">Want to Save for a Down Payment? Skip the Pre-Wedding Shenanigans</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/13/want-save-down-payment-skip-pre-wedding-shenanigans/feed/ 0 2017-08-13 17:03 +00:00 2017-08-13 10:03 -07:00 http://money.cnn.com/2017/08/11/real_estate/save-down-payment/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/mXl9NUq3394/index.html How to save enough money for a down payment on a home Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/mXl9NUq3394" height="1" width="1" alt=""/> Fri, 11 Aug 2017 10:09:28 -0400 http://money.cnn.com/2017/08/11/real_estate/save-down-payment/index.html?section=money_realestate 2017-08-11 10:09 -04:00 2017-08-11 07:09 -07:00 http://rismedia.com/?p=132905 http://rismedia.com/2017/08/10/benefits-choosing-suburban-life-city-living/ Advice Buying/Selling Home Spun Wisdom Latest News Lifestyle City Living Home-Buying RISMedia's Housecall Suburban Lifestyle Suburban Living 5 Benefits of Choosing a Suburban Life Over City Living <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: How to Give Your Bathroom a Tropical Vibe Great Spaces: Historic Brownstone in Gramercy Park Real Estate Agents: 5 Ways to Create Shareable Content Choosing the right house for you and your family can be a very [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/10/benefits-choosing-suburban-life-city-living/">5 Benefits of Choosing a Suburban Life Over City Living</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 10 Aug 2017 19:49:26 Z http://rismedia.com/2017/08/10/benefits-choosing-suburban-life-city-living/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/tropical-bathroom/">How to Give Your Bathroom a Tropical Vibe</a></li> <li><a href="http://blog.rismedia.com/2017/historic-brownstone-gramercy-park/">Great Spaces: Historic Brownstone in Gramercy Park</a></li> <li><a href="http://blog.rismedia.com/2017/5-ways-content-share/">Real Estate Agents: 5 Ways to Create Shareable Content</a></li> </ul> <p>Choosing the right house for you and your family can be a very daunting process. One thing to note, however, is that the type, style and square footage of your abode are all secondary to location. Location is the one property feature that homeowners can never alter. You can redecorate, upgrade, and add on to a home, but its location will always remain fixed. As you decide whether or not you and your loved ones want to be city dwellers or suburbanites, you should consider these five benefits that can be gained from a commitment to suburban living.</p> <ol> <li><strong> Get More Square Footage for Your Money<br /> </strong>When compared to the average city home, a house in the suburbs will usually <a href="http://realestate.usnews.com/real-estate/articles/why-more-millennials-are-buying-homes-in-the-suburbs/" target="_blank">provide</a> far more square footage for the money. People living in rural areas enjoy large tracts of land that are sufficient in size for accommodating back, front, and even side yards. Moreover, many suburbs have only recently evolved from areas that were once heavily wooded, which means that they&#8217;re often still surrounded by active wildlife and plenty of trees.</li> </ol> <ol start="2"> <li><strong> Less Noise and Less Pollution<br /> </strong>For some people, there&#8217;s nothing like falling asleep to the sound of trains, freeway traffic, and outside conversations. For these individuals, a short jaunt to visit family in the country can be downright maddening. They find it harder to drift off to the sounds of chirping crickets, or even deep and heavy silence. The suburbs are ideal for couples and families who enjoy quiet nights, fresher, cleaner air, and far less nighttime foot traffic near their abodes.</li> </ol> <ol start="3"> <li><strong> Top-Rated Schools<br /> </strong>Whether or not you have or intend to have kids, it&#8217;s important to look for property in neighborhoods with <a href="http://squirrelers.com/2011/03/22/better-home-vs-better-school-district-which-would-you-choose/" target="_blank">top-rated schools</a>. Not only will this provide better educational opportunities for minor residents living in your household, but it will also increase the marketability of your property and its resale value. For instance, some of the very <a href="https://www.forrent.com/local-guides/MN/best-places-to-live" target="_blank">best places to live in Minnesota</a> are suburban areas with nationally ranked schools. Comparatively, schools in the suburbs are far higher in quality than inner city schools. They also tend to have better standardized test scores and a lesser likelihood of overcrowding.</li> </ol> <ol start="4"> <li><strong> Enjoy Living in a Tight-Knit Community<br /> </strong>Cities often provide a much broader range of housing options than most suburbs. City residents can live in apartments, condos, family homes, townhouses, and more. There&#8217;s also a much higher number of renters in cities than there are in suburban areas. This means that both units and neighborhoods tend to have higher turnover rates, and that residents have much less opportunity to forge long-lasting bonds and establish a strong sense of community. This is hardly the case in the suburbs. Historically, suburban children have the chance grow up together given that many suburban homeowners retain their properties throughout most or all of their lifetimes.</li> </ol> <ol start="5"> <li><strong> Take an Active Role in Community and Government<br /> </strong>If you love democracy and want to start taking a more active role in the development and maintenance of your community, the suburbs are probably perfect for you. With fewer people living in the region, it&#8217;s much easier for residents to assume roles within local government, and to voice their opinions and be heard. This benefit additionally gives property owners a greater ability to take part in decision-making processes for issues that could positively or negatively impact their property values.</li> </ol> <p>While the suburbs lack the high energy and excitement of a bustling metropolis, they do have a number of important amenities for ensuring optimally high qualities of life. Residents can find a wonderful array of restaurants, grocery stores and entertainment venues, right within their own neighborhoods. Best of all, they can enjoy these things while still managing to escape the noise, pollution, and ongoing stresses of living in a densely populated area.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/10/benefits-choosing-suburban-life-city-living/">5 Benefits of Choosing a Suburban Life Over City Living</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/10/benefits-choosing-suburban-life-city-living/feed/ 0 2017-08-10 19:49 +00:00 2017-08-10 12:49 -07:00 http://rismedia.com/?p=132785 http://rismedia.com/2017/08/07/soft-credit-checks-do-they-hurt-your-credit-score/ Advice Buying/Selling Home Spun Wisdom Latest News Bankrate Credit Check Credit Score Hard Credit Check Hard Credit Inquiry Soft Credit Check Soft Credit Inquiry ‘Soft’ Credit Checks: Do They Hurt Your Credit Score? <p>(TNS)—Lenders use your credit score to determine whether you are eligible for a loan and to decide what terms they are prepared to offer. Credit bureaus keep track of when companies check your score, regardless of the outcome, and checks designated as &#8220;hard inquiries&#8221; may lower your score. Understanding what constitutes a hard check versus [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/07/soft-credit-checks-do-they-hurt-your-credit-score/">&#8216;Soft&#8217; Credit Checks: Do They Hurt Your Credit Score?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 07 Aug 2017 19:44:16 Z http://rismedia.com/2017/08/07/soft-credit-checks-do-they-hurt-your-credit-score/#respond Beth McGuire <p>(TNS)—Lenders use your credit score to determine whether you are eligible for a loan and to decide what terms they are prepared to offer. Credit bureaus keep track of when companies check your score, regardless of the outcome, and checks designated as &#8220;hard inquiries&#8221; may lower your score.</p> <p>Understanding what constitutes a hard check versus a &#8220;soft&#8221; check makes it easier to plan how you intend to apply for new credit lines, thereby minimizing the risk of harming your credit score.</p> <p><strong>Soft Credit Checks Are Listed on Your Credit Report</strong></p> <p>A soft credit check, otherwise known as a soft inquiry or soft pull, is any kind of credit report check that doesn&#8217;t affect your credit score. Soft inquiries are background checks rather than checks occurring as a result of new loan applications; in some cases they happen without your knowledge or consent.</p> <p>Common soft inquiries include:</p> <ul> <li>When you check your own credit report</li> <li>When a potential employer checks your credit history to determine your reliability and financial status</li> <li>When a financial institute you patronize checks your credit</li> <li>When credit card issuers check your credit to send you a preapproved offer</li> </ul> <p>You can see all of the soft inquiries on your credit report, which lists each check along with the name of the organization that made the check.</p> <p><strong>Soft Credit Inquiries vs. Hard Credit Inquiries</strong></p> <p>Unlike soft inquiries, hard inquiries may have an impact on your credit score. Prospective lenders make hard checks when they are making a lending decision, with common examples including:</p> <ul> <li>Applying for a new credit card</li> <li>Taking out a loan for a new car</li> <li>Applying for a mortgage</li> </ul> <p>Hard inquiries stay on your credit report for two years, so you should always think carefully before making any kind of loan application as it can lower your credit score.</p> <p><strong>Be Smart About Applying for Loans</strong></p> <p>A good credit score is an essential part of getting approval for a new line of credit, and it also improves your chances of getting the best rates. It&#8217;s important to know what kind of activity has the potential to lower your score.</p> <p>Many companies check your credit history, but only hard checks made to verify your eligibility for a new line of credit have a direct impact on your credit score. To maintain your credit score, apply only for loans when you really need them. If you are shopping for the best rates, make all of your applications within a short time frame.<em><br /> </em></p> <p><em>©2017 Bankrate.com</em></p> <p><em>Distributed by Tribune Content Agency, LLC<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/07/soft-credit-checks-do-they-hurt-your-credit-score/">&#8216;Soft&#8217; Credit Checks: Do They Hurt Your Credit Score?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/07/soft-credit-checks-do-they-hurt-your-credit-score/feed/ 0 2017-08-07 19:44 +00:00 2017-08-07 12:44 -07:00 http://rismedia.com/?p=132662 http://rismedia.com/2017/08/03/real-estate-what-happens-when-home-buying-insurance-coverage/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Electrical Panel Fuse Box Home-Buying Homeowner's Insurance Real Estate Q&A: What Happens When the Home You’re Buying Can’t Get Insurance Coverage? <p>(TNS)—Q: We are buying a home and had a &#8220;four-point&#8221; inspection done for the homeowner&#8217;s insurance. The insurer declined to cover the house due to the brand of the electrical panel fuse box. What gives? -Dan A: Most insurance companies require a &#8220;four-point&#8221; home inspection before insuring a property. The inspection focuses on the four [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/03/real-estate-what-happens-when-home-buying-insurance-coverage/">Real Estate Q&#038;A: What Happens When the Home You&#8217;re Buying Can&#8217;t Get Insurance Coverage?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 03 Aug 2017 19:56:56 Z http://rismedia.com/2017/08/03/real-estate-what-happens-when-home-buying-insurance-coverage/#respond Beth McGuire <p>(TNS)—Q: We are buying a home and had a &#8220;four-point&#8221; inspection done for the homeowner&#8217;s insurance. The insurer declined to cover the house due to the brand of the electrical panel fuse box. What gives? -Dan</p> <p>A: Most insurance companies require a &#8220;four-point&#8221; home inspection before insuring a property. The inspection focuses on the four main causes of most insurance claims: HVAC (heating, ventilation and air conditioning); electrical wiring and panels; the roof; and plumbing. This inspection doesn&#8217;t concern itself with cosmetic or other issues outside of the four listed systems.</p> <p>Certain brands of electrical panels, particularly those installed before 2000, have been found to cause problems and not perform as they should. A fuse is supposed to trip when there is a problem in order to prevent a much larger problem. Many home fires are caused when fuses or panels malfunction.</p> <p>If the insurer is denying coverage due to a suspect panel, the worst solution, in my opinion, would be to try a different insurer. Just because another company will give you the coverage doesn&#8217;t make the panel any safer.</p> <p>If you are faced with this situation, speak to the seller about replacing the panel before the deal goes any further. If the seller won&#8217;t budge, your best bet is to find a different, and safer, home.</p> <p><em>Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar.<br /> </em></p> <p><em>©2017 Sun Sentinel (Fort Lauderdale, Fla.)</em></p> <p><em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/03/real-estate-what-happens-when-home-buying-insurance-coverage/">Real Estate Q&#038;A: What Happens When the Home You&#8217;re Buying Can&#8217;t Get Insurance Coverage?</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/03/real-estate-what-happens-when-home-buying-insurance-coverage/feed/ 0 2017-08-03 19:56 +00:00 2017-08-03 12:56 -07:00 http://rismedia.com/?p=132581 http://rismedia.com/2017/08/01/common-overlooked-expenses-owning-home/ Advice Buying/Selling For Your Clients Latest News Home Maintenance Homeowners Insurance Cost Homeownership Costs Utility Costs Zillow Common Overlooked Expenses of Owning a Home <p>Homeowners spend an average $9,080 each year on common, yet often overlooked expenses associated with owning a home, including maintenance and utilities, according to a recent analysis by Zillow. The breakdown is as follows: Homeowners Insurance/Property Taxes/Utilities &#8211; $6,059 Professional Home Maintenance &#8211; $3,021 (Note: Homeownership costs vary considerably by location—see chart below.) &#8220;Determining how [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/01/common-overlooked-expenses-owning-home/">Common Overlooked Expenses of Owning a Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 01 Aug 2017 20:04:07 Z http://rismedia.com/2017/08/01/common-overlooked-expenses-owning-home/#respond Susanne Dwyer <p>Homeowners spend an average $9,080 each year on common, yet often overlooked expenses associated with owning a home, including maintenance and utilities, according to a recent <a href="http://www.zillow.com/blog/hidden-costs-of-homeownership-2017-219659/" target="_blank">analysis</a> by Zillow. The breakdown is as follows:</p> <ul> <li>Homeowners Insurance/Property Taxes/Utilities &#8211; $6,059</li> <li>Professional Home Maintenance &#8211; $3,021</li> </ul> <p>(Note: Homeownership costs vary considerably by location—see chart below.)</p> <p><strong><a href="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Costs_Owning.jpg" rel="attachment wp-att-132583"><img class="alignleft size-full wp-image-132583" src="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Costs_Owning.jpg" alt="Zillow_Costs_Owning" width="875" height="790" srcset="http://rismedia.com/wp-content/uploads/2017/08/Zillow_Costs_Owning-300x271.jpg 300w, http://rismedia.com/wp-content/uploads/2017/08/Zillow_Costs_Owning-768x693.jpg 768w, http://rismedia.com/wp-content/uploads/2017/08/Zillow_Costs_Owning.jpg 875w" sizes="(max-width: 875px) 100vw, 875px" /></a></strong></p> <p>&#8220;Determining how much a home will ultimately cost you each year and what you can afford is one of the most challenging aspects of home-buying, especially for first-time buyers,&#8221; says Dr. Svenja Gudell, chief economist at Zillow. &#8220;Before starting a home search, take a good look at your finances to determine a monthly payment range you can comfortably afford. While that big backyard or larger home may be appealing, it is important to consider how much maintaining those spaces could cost you.&#8221;</p> <p>&#8220;While it may be tempting for homeowners to think they can cut costs by doing home maintenance projects themselves, hiring a trained professional to take them on can save them time, anxiety and most likely money in the long run,&#8221; says Lucas Puente, economist at Thumbtack, which also conducted the analysis. &#8220;Across the U.S., buyers should be prepared to spend at least a few thousand a year in home maintenance costs.&#8221;<em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.zillow.com" target="_blank"><em>www.zillow.com</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/08/01/common-overlooked-expenses-owning-home/">Common Overlooked Expenses of Owning a Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/08/01/common-overlooked-expenses-owning-home/feed/ 0 2017-08-01 20:04 +00:00 2017-08-01 13:04 -07:00 http://money.cnn.com/2017/07/24/real_estate/american-dream-homeownership/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/ab8oL9mVbqA/index.html Does the American Dream no longer include homeownership? Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/ab8oL9mVbqA" height="1" width="1" alt=""/> Mon, 24 Jul 2017 10:41:24 -0400 http://money.cnn.com/2017/07/24/real_estate/american-dream-homeownership/index.html?section=money_realestate 2017-07-24 10:41 -04:00 2017-07-24 07:41 -07:00 http://money.cnn.com/2017/07/18/real_estate/real-estate-property-foreigners-purchase/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/4iJsVELvWks/index.html U.S. home sales to foreigners surge 49% to new record Foreigners and recent immigrants spent $153 billion buying American homes over the course of the last year, according to the National Association of Realtors.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/4iJsVELvWks" height="1" width="1" alt=""/> Tue, 18 Jul 2017 11:41:38 -0400 http://money.cnn.com/2017/07/18/real_estate/real-estate-property-foreigners-purchase/index.html?section=money_realestate 2017-07-18 11:41 -04:00 2017-07-18 08:41 -07:00 http://rismedia.com/?p=131967 http://rismedia.com/2017/07/15/tips-financing-investment-property/ Advice Buying/Selling For Your Clients Home Spun Wisdom Latest News Bankrate Home Financing Mortgage Lending Owner Financing P2P Lending Real Estate Investing Tips for Financing Investment Property <p>(TNS)—The housing market crash has become a distant memory, and home prices are looking healthy again. But does that mean there are good opportunities for investing in the residential real estate market? Home values are climbing in most places. According to the National Association of REALTORS®, or NAR, 85 percent of major metro areas saw [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/15/tips-financing-investment-property/">Tips for Financing Investment Property</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sat, 15 Jul 2017 04:00:15 Z http://rismedia.com/2017/07/15/tips-financing-investment-property/#respond Susanne Dwyer <p>(TNS)—The housing market crash has become a distant memory, and home prices are looking healthy again. But does that mean there are good opportunities for investing in the residential real estate market?</p> <p>Home values are climbing in most places. According to the National Association of REALTORS®, or NAR, 85 percent of major metro areas saw gains in prices for existing single-family homes during the first quarter of 2017, while 14 percent just saw prices decline.</p> <p>But while interest rates remain low, the days of quick, easy financing are over, and the tightened credit market can make it tough to secure loans for investment properties. Still, a little creativity and preparation can bring financing within reach of many real estate investors.</p> <p>If you&#8217;re ready to borrow for a residential investment property, these five tips can improve your chances of success.</p> <p><strong>Make a Sizable Down Payment</strong><br /> Since mortgage insurance won&#8217;t cover investment properties, you&#8217;ll need to put at least 20 percent down to secure traditional financing. If you can put down 25 percent, you may qualify for an even better interest rate, says mortgage broker Todd Huettner, president of Huettner Capital in Denver.</p> <p>If you don&#8217;t have the down payment money, you can try to obtain a second mortgage on the property, but it&#8217;s likely to be an uphill struggle.</p> <p><strong>Be a &#8216;Strong Borrower&#8217;</strong><br /> Although many factors—among them the loan-to-value ratio and the policies of the lender you&#8217;re dealing with—can influence the terms of a loan on an investment property, you&#8217;ll want to check your credit score before attempting a deal.</p> <p>&#8220;Below (a score of) 740, it can start to cost you additional money for the same interest rate,&#8221; Huettner says. &#8220;Below 740, you will have to pay a fee to have the interest rate stay the same. That can range from one-quarter of a point to two points to keep the same rate.&#8221;</p> <p>The alternative to paying points if your score is below 740 is to accept a higher interest rate.</p> <p>In addition, having reserves in the bank to pay all your expenses—personal and investment-related—for at least six months has become part of the lending equation.</p> <p>&#8220;If you have multiple rental properties, (lenders) now want reserves for each property,&#8221; Huettner says. &#8220;That way, if you have vacancies, you&#8217;re not dead.&#8221;</p> <p><strong>Shy Away From Big Banks</strong><br /> If your down payment isn&#8217;t quite as big as it should be or if you have other extenuating circumstances, consider going to a neighborhood bank for financing rather than a large national financial institution.</p> <p>&#8220;They&#8217;re going to have a little more flexibility,&#8221; Huettner says. They also may know the local market better and have more interest in investing locally.</p> <p>Mortgage brokers are another good option because they have access to a wide range of loan products—but do some research before settling on one.</p> <p>&#8220;What is their background?&#8221; Huettner asks. &#8220;Do they have a college degree? Do they belong to any professional organizations? You have to do a little bit of due diligence.&#8221;</p> <p><strong>Ask for Owner Financing</strong><br /> A request for owner financing used to make sellers suspicious of potential buyers, during the days when almost anyone could qualify for a bank loan. Now, it&#8217;s more acceptable due to the tightening of credit; however, you should have a game plan if you decide to go this route.</p> <p>&#8220;You have to say, &#8216;I would like to do owner financing with this amount of money and these terms,'&#8221; Huettner says. &#8220;You have to sell the seller on owner financing, and on you.&#8221;</p> <p><strong>Think Creatively</strong><br /> If you&#8217;re looking at a good property with a high chance of profit, consider securing a down payment or renovation money through a home equity line of credit, from credit cards or even via some life insurance policies, says Ben Spofford, an Ohio home remodeler and former real estate investor.</p> <p>Financing for the actual purchase of the property might be possible through private, personal loans from peer-to-peer lending sites like Prosper and LendingClub, which connect investors with individual lenders.</p> <p>Just be aware that you may be met with some skepticism, especially if you don&#8217;t have a long history of successful real estate investments. Some peer-to-peer groups also require that your credit history meet certain criteria.</p> <p>&#8220;When you&#8217;re borrowing from a person as opposed to an entity, that person is generally going to be more conservative and more protective of giving their money to a stranger,&#8221; Spofford says.</p> <p><em>©2017 Bankrate.com</em></p> <p><em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/15/tips-financing-investment-property/">Tips for Financing Investment Property</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/07/15/tips-financing-investment-property/feed/ 0 2017-07-15 04:00 +00:00 2017-07-14 21:00 -07:00 http://rismedia.com/?p=131891 http://rismedia.com/2017/07/12/your-move-simplified-9-best-apps-moving/ Advice Buying/Selling For Your Clients Home Spun Wisdom House Canary Latest News Moving Apps Moving Tips Organization Tips Postmates RISMedia's Housecall Sortly TaskRabbit Unpakt Wunderlist Your Move Simplified: The 9 Best Apps for Moving <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: Live Like Former First Lady Jackie Kennedy Onassis How to Use Predictive Analytics in Your Real Estate Business Hi, My Name Is…Owner of a Valuable Home It&#8217;s no secret that moving is a headache. You need to [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/12/your-move-simplified-9-best-apps-moving/">Your Move Simplified: The 9 Best Apps for Moving</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 12 Jul 2017 20:03:49 Z http://rismedia.com/2017/07/12/your-move-simplified-9-best-apps-moving/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/jackie-kennedy-onassis/">Live Like Former First Lady Jackie Kennedy Onassis</a></li> <li><a href="http://blog.rismedia.com/2017/predictive-analytics-real-estate-business/">How to Use Predictive Analytics in Your Real Estate Business</a></li> <li><a href="http://blog.rismedia.com/2017/owner-valuable-home/">Hi, My Name Is…Owner of a Valuable Home</a></li> </ul> <p>It&#8217;s no secret that moving is a headache. You need to purchase packing supplies, change your address, clean your current home, and more. Luckily, technology can make the process less painful. Whether you&#8217;re choosing the best mover or expertly packing your belongings, there&#8217;s an app for it. Read on for useful apps to help you streamline your moving process.</p> <p><strong>Unpakt</strong><br /> Book, manage, and pay for your move all within the Unpakt app. No need to fill out multiple request forms or call different movers for quotes. Simply enter your move details into the app to see moving prices in several cities across 37 states.</p> <p>Hire a mover via Unpakt <a href="https://www.unpakt.com/" target="_blank">online</a> or on <a href="https://itunes.apple.com/us/app/unpakt/id632832637?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.unpakt.android.unpakt" target="_blank">Android</a>.</p> <p><strong>TaskRabbit</strong><br /> Get your home or apartment ready for the move by hiring a Tasker to complete home repairs, deep clean your home, and disassemble your bed frame. Services are available in most major cities.</p> <p>Get your chores done with TaskRabbit on <a href="https://itunes.apple.com/us/app/taskrabbit-handyman-cleaning-help/id374165361?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.taskrabbit.droid.consumer&amp;hl=en" target="_blank">Android</a>.</p> <p><strong>MagicPlan</strong><br /> Take pictures of your new home or apartment before your move and use them to create detailed floor plans with MagicPlan. These floor plans allow you to view your space in 3D, decide where to put your couch, and plan DIY projects.</p> <p>Visualize your space with MagicPlan on <a href="https://itunes.apple.com/us/app/magicplan/id427424432?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.sensopia.magicplan&amp;hl=en" target="_blank">Android</a>.<strong><br /> </strong></p> <p><strong>Wunderlist</strong><br /> Plan your move with Wunderlist, a to-do list web app. Create lists, set deadlines, schedule reminders, and share your list with friends and family helping you move. You can also assign tasks to people you&#8217;ve shared your to-do list with.</p> <p>Make your to-do list <a href="https://www.wunderlist.com/" target="_blank">online</a> with Wunderlist.</p> <p><strong>Sortly</strong><br /> Pack with the help of Sortly, a digital organizer. Use the app to take inventory of what you packed in each box so you know where to find your wine opener, your favorite jeans, or your drill. With the premium account, you can create QR code labels for your boxes, access your account online, and export your lists via PDF and Dropbox.</p> <p>Pack like a pro with Sortly on <a href="https://itunes.apple.com/us/app/sortly-moving-organizing-inventory/id529353551?mt=8" target="_blank">iOS</a>.</p> <p><strong>Internet Speed Need Tool</strong><br /> Determine your ideal internet speed with this web app. The tool also shows internet providers in your area that offer your recommended speed—helpful if you&#8217;re moving to a new area. The internet speed you need will vary depending on how you use the internet. You may need faster speeds if your kids play video games, if you recently upgraded to a smart TV, or if you run an online business from home.</p> <p>Determine the speed you need <a href="https://www.highspeedinternet.com/how-much-internet-speed-do-i-need" target="_blank">online</a> with the Internet Speed Need Tool.</p> <p><strong>Postmates</strong><br /> Order late-night meals, cleaning supplies, basic toiletries, or lunch from virtually any store or restaurant in your city. Postmates will deliver the best your city has to offer right to your doorstep—saving you a trip while you&#8217;re busy unpacking. Postmates is available in over 200 cities.</p> <p>Start receiving deliveries through Postmates on <a href="https://itunes.apple.com/us/app/postmates-food-delivery-faster/id512393983?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.postmates.android&amp;hl=en" target="_blank">Android</a>.</p> <p><strong>Nextdoor</strong><br /> Socialize with your new neighbors on Nextdoor, a private social networking app that over 145,000 neighborhoods use to stay connected. Find a babysitter, learn about a rash of car break-ins, and hear about neighborhood events all in one place.</p> <p>Meet your neighbors through Nextdoor <a href="https://nextdoor.com/" target="_blank">online</a> or on <a href="https://itunes.apple.com/us/app/nextdoor/id640360962?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.nextdoor&amp;hl=en" target="_blank">Android</a>.</p> <p><strong>Thumbtack</strong><br /> Hire house cleaners, interior designers, carpet cleaners, painters, home security companies, and more, with Thumbtack. Find professionals—in all 50 states—for anything you need in your new home or apartment.</p> <p>Hire a professional via Thumbtack <a href="https://www.thumbtack.com/" target="_blank">online</a> or on <a href="https://itunes.apple.com/us/app/thumbtack-hire-pros-for-absolutely-everything/id852703300?mt=8" target="_blank">iOS</a> and <a href="https://play.google.com/store/apps/details?id=com.thumbtack.consumer&amp;hl=en" target="_blank">Android</a>.</p> <p>While these apps might not make moving completely pain-free, they can help you get your home ready to move, hire the best mover, and find services in your new neighborhood. Whether you&#8217;re moving down the street or across the country, technology can help you save time, money and energy.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/12/your-move-simplified-9-best-apps-moving/">Your Move Simplified: The 9 Best Apps for Moving</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/07/12/your-move-simplified-9-best-apps-moving/feed/ 0 2017-07-12 20:03 +00:00 2017-07-12 13:03 -07:00 http://rismedia.com/?p=131721 http://rismedia.com/2017/07/09/realtors-home-staging-cuts-time-market/ Advice Buying/Selling For Your Clients House Canary Latest News Lead Story News Trending Home Sellers Home Staging Home Staging Costs Home Staging Tips Home-Selling NAR NAR Profile of Home Staging REALTORS®: Home Staging Cuts Time on Market <p>Home staging offers a distinct advantage for sellers: a speedy sale. Sixty-two percent of sellers&#8217; agents believe staging a home cuts down the time it spends on-market, with the majority believing it &#8220;greatly&#8221; reduces the window, according to the new 2017 Profile of Home Staging from the National Association of REALTORS® (NAR). Seventy-seven percent of [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/09/realtors-home-staging-cuts-time-market/">REALTORS®: Home Staging Cuts Time on Market</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 09 Jul 2017 17:08:38 Z http://rismedia.com/2017/07/09/realtors-home-staging-cuts-time-market/#respond Susanne Dwyer <p>Home staging offers a distinct advantage for sellers: a speedy sale.</p> <p>Sixty-two percent of sellers&#8217; agents believe staging a home cuts down the time it spends on-market, with the majority believing it &#8220;greatly&#8221; reduces the window, according to the new <a href="http://www.nar.realtor/reports/profile-of-home-staging" target="_blank"><em>2017 Profile of Home Staging</em></a> from the National Association of REALTORS® (NAR). Seventy-seven percent of buyers&#8217; agents believe staging a home helps buyers envision themselves living in it, and 40 percent believe it prompts buyers who first saw the home online to visit it in person.</p> <p><a href="http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging.jpg" rel="attachment wp-att-131723"><img class="size-full wp-image-131723" src="http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging.jpg" alt="2017 Home Staging Report (PRNewsfoto/National Association of Realtors)" srcset="http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-150x150.jpg 150w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-300x300.jpg 300w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-768x769.jpg 768w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-1024x1024.jpg 1024w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-1080x1081.jpg 1080w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging-45x45.jpg 45w, http://rismedia.com/wp-content/uploads/2017/07/NAR_2017_Home_Staging.jpg 1200w" sizes="(max-width: 1200px) 100vw, 1200px" /></a> <div style="font-size:11px; text-align:center;margin-bottom:15px;">2017 Home Staging Report (PRNewsfoto/National Association of Realtors)</div> <p>Staging can also have a positive effect on home value. Thirty-one percent of buyers&#8217; agents and 29 percent of sellers&#8217; agents believe it adds anywhere from 1 to 5 percent, while 13 percent of buyers&#8217; agents believe 6 to 10 percent and 21 percent of sellers&#8217; agents believe 8 to 10 percent. The cost of staging is often fronted by the seller or sellers&#8217; agent.</p> <p>Buyers&#8217; agents caution, however, that staging is only beneficial if the home is staged to appeal to general, not specific, preferences. Most buyers&#8217; and sellers&#8217; agents believe the living room is a key space to stage, as well as the kitchen, the master bedroom and the yard. They also believe decluttering, depersonalizing and a deep clean—beyond staging—are essential for a show-ready home.</p> <p>Thirty-eight percent of sellers&#8217; agents stage all of their listings before placing them on the market, while 14 percent only stage listings that require it. A near-even 37 percent do not stage their listings at all.</p> <p>&#8220;REALTORS® know how important it is for buyers to be able to picture themselves living in a home and, according to NAR&#8217;s most recent report, staging a home makes that process much easier for potential buyers,&#8221; says NAR President Bill Brown. &#8220;While all real estate is local, and many factors play into what a home is worth and how much buyers are willing to pay for it, staging can be the extra step sellers take to help sell their home more quickly and for a higher dollar value.&#8221;<em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.nar.realtor" target="_blank"><em>www.nar.realtor</em></a><em>.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/07/09/realtors-home-staging-cuts-time-market/">REALTORS®: Home Staging Cuts Time on Market</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/07/09/realtors-home-staging-cuts-time-market/feed/ 0 2017-07-09 17:08 +00:00 2017-07-09 10:08 -07:00 http://money.cnn.com/2017/06/28/real_estate/first-time-homebuyer-mistakes/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/pzh_QYJMw_E/index.html 7 first-time homebuyer mistakes to avoid It's tough being a first-time buyer in today's housing market. Don't make it even harder (or more expensive) for yourself by making these common mistakes.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/pzh_QYJMw_E" height="1" width="1" alt=""/> Wed, 28 Jun 2017 13:23:24 -0400 http://money.cnn.com/2017/06/28/real_estate/first-time-homebuyer-mistakes/index.html?section=money_realestate 2017-06-28 13:23 -04:00 2017-06-28 10:23 -07:00 http://money.cnn.com/2017/06/26/real_estate/home-buying-costs/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/_jK6TqA80LE/index.html 4 costs you haven't factored into your homebuying budget Out-of-pocket costs that crop up during the homebuying process, or even when you're moving in, can put an unexpected strain on your already-hurting bank account.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/_jK6TqA80LE" height="1" width="1" alt=""/> Mon, 26 Jun 2017 10:32:35 -0400 http://money.cnn.com/2017/06/26/real_estate/home-buying-costs/index.html?section=money_realestate 2017-06-26 10:32 -04:00 2017-06-26 07:32 -07:00 http://money.cnn.com/2017/06/23/real_estate/mortgage-rates-home-prices/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5lNcOwBkCOw/index.html Home prices are sky high, but mortgages are still cheap Home prices have reached another record high, and buyers are feeling the pressure. But there has been one saving grace for buyers: mortgage rates.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5lNcOwBkCOw" height="1" width="1" alt=""/> Fri, 23 Jun 2017 10:31:36 -0400 http://money.cnn.com/2017/06/23/real_estate/mortgage-rates-home-prices/index.html?section=money_realestate 2017-06-23 10:31 -04:00 2017-06-23 07:31 -07:00 http://money.cnn.com/2017/06/16/real_estate/rising-home-costs-affordability-harvard/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5IXVwpGYphc/index.html 39 million households are paying more for housing than they can afford Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5IXVwpGYphc" height="1" width="1" alt=""/> Fri, 16 Jun 2017 13:28:14 -0400 http://money.cnn.com/2017/06/16/real_estate/rising-home-costs-affordability-harvard/index.html?section=money_realestate 2017-06-16 13:28 -04:00 2017-06-16 10:28 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/16/first-time-homebuyers/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/AEaUPA8GadI/index.html Best cities for first-time homebuyers A recent Zillow analysis on the best markets for first-time homebuyers finds that the best deals are in the Southeast and the Midwest.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/AEaUPA8GadI" height="1" width="1" alt=""/> Fri, 16 Jun 2017 11:47:36 -0400 http://money.cnn.com/gallery/real_estate/2017/06/16/first-time-homebuyers/index.html?section=money_realestate 2017-06-16 11:47 -04:00 2017-06-16 08:47 -07:00 http://money.cnn.com/2017/06/15/real_estate/down-payment-savings/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/KDEIqLl5rac/index.html Where should I stash my down payment savings? If buying a house is on your short-term to-do list, experts say keep your down payment funds liquid. Looking to buy further down the road? You have some more options.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/KDEIqLl5rac" height="1" width="1" alt=""/> Thu, 15 Jun 2017 09:59:33 -0400 http://money.cnn.com/2017/06/15/real_estate/down-payment-savings/index.html?section=money_realestate 2017-06-15 09:59 -04:00 2017-06-15 06:59 -07:00 http://money.cnn.com/2017/06/12/real_estate/where-to-start-home-buying-process/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/RWoOr4OeqW0/index.html Thinking of buying a house? Here's where to start Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/RWoOr4OeqW0" height="1" width="1" alt=""/> Mon, 12 Jun 2017 12:18:04 -0400 http://money.cnn.com/2017/06/12/real_estate/where-to-start-home-buying-process/index.html?section=money_realestate 2017-06-12 12:18 -04:00 2017-06-12 09:18 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/09/tips-for-buying-a-house/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/vktrnQdeE54/index.html Homebuying secrets from the real estate battlefield In the middle of your house hunt and feeling a bit overwhelmed? We talked to recent home buyers to get their tips for navigating the market.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/vktrnQdeE54" height="1" width="1" alt=""/> Fri, 09 Jun 2017 09:33:11 -0400 http://money.cnn.com/gallery/real_estate/2017/06/09/tips-for-buying-a-house/index.html?section=money_realestate 2017-06-09 09:33 -04:00 2017-06-09 06:33 -07:00 http://money.cnn.com/2017/06/08/real_estate/first-time-home-buyer-missing/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/l7TijhqBZq0/index.html 3 million first-time homebuyers have been shut out of the market Over the past 10 years, three million first-time home buyers have been shut out of the housing market, according to a new report.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/l7TijhqBZq0" height="1" width="1" alt=""/> Thu, 08 Jun 2017 12:05:18 -0400 http://money.cnn.com/2017/06/08/real_estate/first-time-home-buyer-missing/index.html?section=money_realestate 2017-06-08 12:05 -04:00 2017-06-08 09:05 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/07/how-long-to-save-for-downpayment/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/iKKLMZ90VGk/index.html Here's how long it takes to save for a down payment Saving for a down payment is often the biggest hurdle Millennials face when it comes to buying a home. And in some major cities, it will take at least a decade to save enough to put 20% down.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/iKKLMZ90VGk" height="1" width="1" alt=""/> Wed, 07 Jun 2017 11:10:44 -0400 http://money.cnn.com/gallery/real_estate/2017/06/07/how-long-to-save-for-downpayment/index.html?section=money_realestate 2017-06-07 11:10 -04:00 2017-06-07 08:10 -07:00 http://money.cnn.com/2017/06/06/real_estate/young-home-buyer-profit/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/2RyZ_nkInrw/index.html Why buying a condo at 29 was a financial windfall Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/2RyZ_nkInrw" height="1" width="1" alt=""/> Tue, 06 Jun 2017 10:12:41 -0400 http://money.cnn.com/2017/06/06/real_estate/young-home-buyer-profit/index.html?section=money_realestate 2017-06-06 10:12 -04:00 2017-06-06 07:12 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/02/fastest-growing-cities-census/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/azOrpTiXV3c/index.html These are the fastest-growing cities in the U.S. Looking to make a move to a new city? Here are the 10 fastest growing large cities in the U.S., according to the Census Bureau.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/azOrpTiXV3c" height="1" width="1" alt=""/> Fri, 02 Jun 2017 10:01:49 -0400 http://money.cnn.com/gallery/real_estate/2017/06/02/fastest-growing-cities-census/index.html?section=money_realestate 2017-06-02 10:01 -04:00 2017-06-02 07:01 -07:00 http://money.cnn.com/2017/06/01/real_estate/first-time-home-buyer-tips/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Y9G3LtdFrbU/index.html First time home buyer? Here's what you need to know Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Y9G3LtdFrbU" height="1" width="1" alt=""/> Thu, 01 Jun 2017 15:03:09 -0400 http://money.cnn.com/2017/06/01/real_estate/first-time-home-buyer-tips/index.html?section=money_realestate 2017-06-01 15:03 -04:00 2017-06-01 12:03 -07:00 http://money.cnn.com/2017/05/11/real_estate/first-time-home-buyer/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Qvst2d6NyFQ/index.html 4 things first-time homebuyers need to know Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Qvst2d6NyFQ" height="1" width="1" alt=""/> Thu, 11 May 2017 15:27:46 -0400 http://money.cnn.com/2017/05/11/real_estate/first-time-home-buyer/index.html?section=money_realestate 2017-05-11 15:27 -04:00 2017-05-11 12:27 -07:00 http://money.cnn.com/2017/05/09/real_estate/seattle-housing-market-buyers/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/npWxFNKW8wI/index.html Good luck buying a home in this hot housing market Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/npWxFNKW8wI" height="1" width="1" alt=""/> Wed, 10 May 2017 08:31:48 -0400 http://money.cnn.com/2017/05/09/real_estate/seattle-housing-market-buyers/index.html?section=money_realestate 2017-05-10 08:31 -04:00 2017-05-10 05:31 -07:00 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/tmQBiEFyXNk/ What will your monthly mortgage payment be? In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/tmQBiEFyXNk" height="1" width="1" alt=""/> Mon, 02 Feb 2015 10:53:13 -0500 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate 2015-02-02 10:53 -05:00 2015-02-02 08:53 -07:00 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/wK06F6O88wk/ Was my home a good investment? Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wK06F6O88wk" height="1" width="1" alt=""/> Tue, 05 Nov 2013 11:10:09 -0500 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate 2013-11-05 11:10 -05:00 2013-11-05 09:10 -07:00