Wednesday, January 24, 2024

"Selling? Explore 90 Proven Ways to Make Your House Irresistible!"

Some Thoughts on Condition


Some Thoughts on Condition

Of all the things homeowners control when selling their home, is the condition of the property is one of the most important.

A crucial part of marketing any product is the presentation of the product.

Corporations and retail businesses understand this concept and pay millions of dollars each year to advertising and marketing consultants to get the best advice possible.

The same is true for real property. In order to compete effectively with other sellers, homeowners must present their homes to the marketplace in an attractive, desirable condition. When you bought your home, you probably comparison shopped. Well, buyers are still doing that today. According to the National Association of Realtors, the average purchaser looks at 10 to 20 properties prior to purchasing a home. Regardless of how many properties are on the market, available buyers will always seek the best-priced property that is in the best condition.

Think Like a Buyer!

You are not just selling a house. You are selling shelter,lifestyle, and dreams. People always want the best for

themselves, and your home should represent the buyer’s answer to this goal. Put yourself in the buyer’s shoes!

Remember, they arrive at your front door wanting to find the right home. Don’t make them search somewhere else for it.

If you have done your homework, every room in your home will create a desire for the buyer to stay.

Start Making a List!

Walk outside and take a look at the property through the critical yes of a buyer. Is there anything that needs repairing, looks worn, or is outdated? Start writing these items down on your list. Walk through the interior and do the same things. Ask for the assistance of everyone in your family. After all, a shorter sales time will benefit everybody in the family.

Do Everything Before Putting Your Home on the Market!

Complete all of your repairs, improvements, and enhancements prior to your first showing. Remember, your best showings come early in the listing period. Be ready!

How to Sell Your Home Faster and for More Money!

The following pages will guide you step by step through the process of preparing your home for sale to achieve the highest possible sale price in the least amount of time. Our concentration will be in six areas:

  1. Repairing,
  2. Cleaning,
  3. Neutralizing,
  4. Space Management,
  5. Atmosphere, and
  6. Staging.

REPAIRS

 

  1. The rule of thumb is, if something needs repair, fix it! There are probably many things in your home that you have simply become used to over time … things that you have been promising yourself that you will attend to. Well, now is the time. The buyer will mentally add up the cost of repairing all those minor flaws and end up with an amount that is generally much higher than what it would cost you to do the repairs.
  2. You might be saying to yourself, “these repairs aren’t any big deal.”  The buyer is thinking, “If the owners didn’t care for these little items, then what about the roof and the furnace?” 

Needed small repairs and perceived owner neglect will either lower the purchase price or lengthen the time required to sell.

  1. Check all walls for peeling paint and loose wallpaper.
  2. Large repairs: In today’s climate of open disclosure and vigilant professional home inspections, the rule is “Treat a buyer as you would yourself.” Repair any problems with major systems or offer an allowance for the buyer to make repairs after closing. Always disclose anything that you know about the property. Having been a consumer yourself, you know that buyers will more readily make a purchase decision with someone whom they can trust.

 

CLEANING

  1. Every area of the home must sparkle and shine! Each hour spent will be well worth
  2. Would you rather buy a clean car, or a dirty one? Would you hurry to buy a pair of shoes with mud on them?
  3. Clean all windows, inside and out. This helps make the house sparkle.
  4. Clean all wall-to-wall carpeting and area rugs. Clean and polish linoleum, tile and wooden floors.
  5. Clean and polish all woodwork if necessary. Pay particular attention to the kitchen and bath cabinets.
  6. Clean and polish all light fixtures.

 

NEUTRALIZING

  1. Be cautious about selecting colors when painting or replacing carpeting. Your objective here is to make your home appeal to the largest possible buying segment. Ask yourself “How many of the available buyers would be able to move into your house with their furniture and not have to replace the carpeting?” Position your home on the market to be as livable to as many people as possible.
  2. Forget your personal taste … the “market” is always demand driven! The average buyer will have a hard time looking beyond blue carpeting and bold wallpaper.
  3. Consider replacing unusual or bold colors with neutral tones. Two coats of white paint may be the best investment you ever made.

 

SPACE MANAGEMENT

This involves creating the illusion of more space.

  1. Arrange furniture to give the rooms as spacious a feeling as possible. Consider removing furniture from rooms that are crowded. If necessary, store large items.
  2. Pack up collectibles … both to protect them, and to give the room a more spacious feel. Leave just enough accessories to give the home a personal touch. Dispose of unneeded items.
  3. Remove all clutter and make it a habit to pick up clothing, shoes, and personal possessions each day for possible showings.
  4. Empty closets of off-season clothing and pack for the move. Organize them to demonstrate the most efficient use of space. Leave as few items on the floor or shelves as possible. 
  5. Use light to create a sense of space. All drapes should be open. Turn on all of the lights throughout the home before a showing, and be sure to replace any burned out light bulbs!

 

ATMOSPHERE

When placing yourself in the potential buyer’s shoes, you will want to consider the overall atmosphere of your home. Keep in mind your sense of smell as you go through the checklist. Create the atmosphere of your home as a shelter, a place that is safe and warm, and in good condition.

  1. A clean smelling house creates a positive image in the buyer’s mind. Be aware of any odors from cooking, cigarettes, pets, etc., that may have adverse effects on potential buyers. Remember that some people are much more sensitive to odors than others are. Smokers rarely notice the odor of tobacco that fills their homes, and pet owners may be oblivious to objectionable cat or doggy odor.
  2. You can use products like carpet deodorizers, air fresheners, and room deodorizers; but the best strategy is to remove the source of the smell rather than cover it up.
  3. Unfortunately, often the only way to remove the smell of pet urine from flooring is to rip up the carpeting and padding and replace them. If this is preventing the sale of your home, don’t hesitate to make this investment.
  4. If smoking or cooking odors have permeated your home, have your carpets and furniture cleaned, and air out or dry-clean your drapes.
  5. Mildew odors are another no-no. Don’t allow wet towels to accumulate in hampers or dirty laundry to pile up in closets.
  6. Once offensive odors are removed, consider adding delightful ones. Recent studies have shown that humans have strong, positive responses to certain smells.  Cinnamon, fresh flowers, breads baking in the oven are all excellent ways to enhance your property for sale.

 

STAGING

This part of preparing your home for sale is the most fun and involves the use of color, lighting, and accessories to emphasize the best features of your home.

  1. Study magazine ads or furniture showrooms to see how small details can make rooms more attractive and appealing. The effect of a vase of flowers, an open book on the coffee table, a basket of birch logs by the fireplace, a scented candle etc., can make the difference in a room.
  2. The use of a brightly colored pillow in a wing chair or a throw blanket on a couch can add dimension to a sterile room.
  3. Soften potentially offending views, but always let light into your rooms. Replace heavy curtains with sheer white panels. Never apologize for things you cannot change. The buyer will decide to either accept or reject the property regardless of the words you say. You must present your home in the best possible way with complete honesty.
  4. Go through your photo albums and select pictures of your house and yard during all seasons. If hung at eye level in a well-lighted area, the pictures will speak for themselves and give you yet another selling stage.
  5. Take advantage of natural light as much as possible by cleaning windows, opening shades and drapes etc. Add lamps and lighting where necessary. Be sure that all fixtures are clean and have functioning bulbs.

 

The Exterior: 

Check your home for any needed maintenance just as a buyer would. Repaint or touch up as necessary. You can’t make a better investment when you are selling your house! Don’t let the outside turn buyers off before the inside turns them on.

  1. Color has the power to attract. A tub of geraniums, a pot of petunias, or a basket of impatiens on the front steps is a welcoming touch. 
  2. If you are selling during the winter months, consider using a wreath of dried flowers on the front door.
  3. If you have porch or deck, set the stage with pots of flowers and attractively arranged furniture.
  4. Check to see that all doors and windows are in good working order. Give special attention to your home’s exterior doors and front entry. Clean and paint doors if necessary. Remember, first impressions are likely to color the remainder of the house tour.
  5. Wash all windows and replace any broken and cracked windowpanes.
  6. Screens should be free of any tears or holes.
  7. Inspect all locks to ensure that they are functioning properly.
  8. Check for loose or missing shingles.
  9. Invest in a new doormat that says “Welcome”.

 

The Yard

  1. Make sure the yard is neatly mowed, raked and edged.
  2. Prune and shape shrubbery and trees to compliment your house. 
  3. Consider adding seasonal flowers along the walks or in the planting areas. Plop the plants into a well-placed wheelbarrow, an old-fashioned washtub, or what have you. Such standbys as nasturtiums, petunias, impatiens, and verbena are easy to maintain if you only remember to water them regularly. Try a row of sweet smelling alyssum to line a short sidewalk or pop in some perky dwarf marigolds to form a cheerful oasis of color in your yard.
  4. It is important to devote at least one area of your yard to outdoor living. Buyers will still recognize a scene set with a picnic table and chairs and respond positively to it. Cover your picnic table with a fringed, red-and-white checked cloth set out some plastic plates and glasses bring out the barbecuing equipment, and buyers will almost smell the hot dogs cooking!

The Driveway

  1. The driveway is no place for children’s toys. Not only are such things dangerous, the clutter is unsightly.
  2. The surface of your driveway should be beyond reproach; after all, it’s one of the first things a buyer will see when he drives up. Sweep and wash the driveway and walks to remove debris, dirt and stains. Repair and patch the cracks, edge the sides and pull up any weeds.

 

ROOM-BY-ROOM ANALYSIS

The Front Entry:

Whether a gracious proportioned center-hall or a small space just large enough for a coat rack and a tiny table, this part of your home deserves your particular attention.
  1. Study your entry hall and ask yourself what kind of impression it makes for your home. Dried flowers or a small plant can make a striking focal point on a hall table any time of the year.
  2. Virtually any entry hall will benefit from a well-placed mirror to enlarge the area.
  3. Your entry hall’s flooring will be observed carefully by the prospective-buyer. Make sure the surface is spotless and add a small rug to protect the area during showings.
  4. The entry hall closet is the first one inspected. Make it appear roomy. Add a few extra hangers. Hang a bag of cedar chips or a pomander ball to give a pleasant, fresh scent. Remove all off-season clothing.

The Living Areas:

Think of these areas as if they were furniture showrooms. Your job is to make each room generate a positive response.

Add touches that make a room look truly inviting.

  1. Sweep and clean the fireplace. Place a few logs on the grate to create an attractive appearance. You are welcome to have a fire going for showings during the winter months … it creates a great atmosphere.
  2. Place something colorful on the mantel, but don’t make it look like a country craft store.
  3. Improve the traffic flow by removing excess furniture. Have easy traffic flow patterns. Be sure that all doors open fully and easily.
  4. Draw attention to exposed beams or a cathedral ceiling with special lighting. Be sure to remove any cobwebs and dust.
  5. Remove oversized television sets if they dominate the room. If necessary, substitute with a smaller one until you move.

 

The Dining Room

Avoid going overboard. To be effective, any stage setting that you create should reflect the character of your entire home appropriately.

  1. Set the scene by setting the table with an attractive arrangement. Add fresh or silk flowers as a centerpiece.
  2. Visually enlarge a small dining area. If your dining table has extra leaves, take one or two out. Consider placing your dining table against the wall. Remove any extra “company” chairs. Consider putting the oversized pieces in storage until your house is sold.

The Kitchen

Pay particular attention to your kitchen. This room continues to be the “heart of the home”. A pleasant, workable kitchen is near the top of most buyers’ list of priorities and is a room that buyers always scrutinize closely.

  1. Avoid clutter! Clean counters of small appliances and store whenever possible to maximize the appearance of workspace.
  2. Check the counter top around your sink, and remove any detergent or cleanser, etc. that may be cluttering the area.
  3. Sinks, cabinets, appliances and counter tops should be clean and fresh.
  4. All appliances should be absolutely clean, bright, and sparkling, and shiny!!
  5. Clean off the top of the refrigerator! If you must use that space for storage, use baskets and bowls to camouflage the items kept there.
  6. Set the scene with an open cookbook, a basket filled with fruit, a basket of silk flowers, or a ceramic mixing bowl and wire whisk.
  7. Create the aromas associated with happy homes! Bake some cookies from premixed, refrigerated cookie dough, start baking a loaf of refrigerated bread dough, or pop a frozen apple pie in the oven.
  8. In the heat of summer, place a bowl of lemons or limes on the counter to provide a fresh and pleasant aroma.
  9. Clean and organize all storage space. If your cabinets, drawers, and closets are crowded and overflowing, buyers assume that your storage space is inadequate. Give away items you don’t use, storing seldom-used items elsewhere, and reorganize the shelves. Neat, organized shelves and drawers look larger and more adequate for prospective buyer’s needs.
  10. Large, cheerful kitchen windows are an advantage and should be highlighted as a special feature of your home. Take a critical look at the window treatment … is it clean, sharp and up-to-date. Do the curtains need washing or the blinds need cleaning? Would the window area look better without any window treatment?
  11. Set the table for an informal meal with bright place mats and a generous bowl of fruit as a centerpiece.

 

The Laundry Room: 

A separate laundry room is a true asset and is one of the most frequent requests that buyers make during a home search. Don’t hide this treasure behind closed doors. Spruce up the room and open the door proudly for inspection.

  1. Add a fresh coat of paint or put up a cheerful wallpaper. 
  2. Organize all closets and storage space. 
  3. Remove all dirty laundry. Keep current with your laundry or store all dirty laundry in a closed container… maybe even hermetically sealed and welded shut)
  4. Clean and polish the washer and dryer.
  5. Consider adding an attractive, coordinated throw rug.

 

The Stairways: 

Stairways should provide an attractive transition from one level of your home to another.

  1. Make certain the stairs are safe! Stair lighting should be more than adequate, stairs must be clutter free, stair railings tight and secure, and runners or carpeting tacked securely. Remove any items from the surface of the stairs and store elsewhere. Check the condition of the walls, and paint or re-wallpaper if necessary.
  2. If the stairs are a focal point of the main living areas, carefully choose accents to improve the visual appeal. If you have a wide, gracious staircase, emphasize this feature by hanging a few pictures along the wall. Draw attention to a handsome lighting fixture by polishing the brass and dusting each small light bulb or crystal prism.
  3. Large master bedrooms are particularly popular among today’s homebuyers. Make your bedroom larger. Paint the room a light color, remove one of the bureaus if the room is crowded, and minimize clutter to maximize spaciousness. Aim for a restful, subdued look.
  4. A private bathroom off the master bedroom is a real sales plus. Decorate to coordinate with the color scheme of your bedroom, creating the “suite” effect.
  5. Virtually all buyers are looking for a house with plenty of closet space. Try to make what you have appear generous and well planned. Remove and store all out of season clothing. Remove any items from the floor area. This will make a closet seem more spacious. Arrange all shelves to maximize the use of space.
  6. Make sure all articles in the closet are fresh and clean smelling. When prospective buyers open your closet door, they should be greeted with a whiff of fresh smelling air.
  7. Make sure all closet lights have adequate wattage and are operating. Add battery- operated lights to those closets that lack them. Lighted closets look bigger, are more attractive, and allow buyers to inspect the interiors easily.
  8. Take the time to explain the importance of marketing to your children. Encourage them to participate in preparing your home for showing; particularly the principle of appealing to the widest possible market segment. Ask your children’s cooperation in making their beds and picking up their rooms prior to showings.
  9. Consider promising a special reward if they willingly participate in your house selling goals.
  10. Have them pack up any items that are not currently in use and dispose of unused possessions.
  11. Remove any crowded, unusual, or personal wall hangings such as posters and store them until your home is sold.

 

The Bathrooms

Wise sellers take special pains when preparing their bathrooms for scrutiny by strangers. The bathroom is a room and a very personal one. Prospects will inspect yours carefully, so be sure it is immaculate. Cleanliness is the key! Make sure that all surfaces are spotless.

  1. Replace worn or dirty shower curtains, clean and repair caulking, and remove nonskid bath decals that are in poor condition.
  2. Clear off countertops and store all personal care products out of sight.
  3. Repair any faucets that leak or do not function properly. Clean off mineral deposits with vinegar or commercial products.
  4. Clean and organize all cabinets and drawers. Don’t forget the medicine cabinet and: the storage cabinet under the sink: dispose of old items and polish the shelves.
  5. Remember to appeal to a wide range of buyers. Play down dominant colors with contrasting neutral colored towels and accessories. If your bathroom is mostly white or neutral, add a few cheerful accents of color. Don’t hesitate to buy a few new towels and a rug … you’ll be taking them with you to your new home.
  6. Scrub and wax an old floor. Cover the largest area you can with a freshly washed scatter rug.
  7. Decorate and personalize to create a pleasing, individual look. Consider bringing out your best towels and perfumed guest soaps. Add a plant for color and freshness.
  8. A gentle hint of fragrance in the air is fine, buy keep it subtle.

 

The Garage

  1. Sweep and wash the floor to remove dirt and stains. Organize tools, garden equipment, bicycles, etc. A clean, organized garage appears larger.
  2. If the area is dark, add more light. If it is small and accommodates only one car, remove your car before buyers visit. An empty garage always looks larger. If you have a two-car garage with very little extra room, remove one of your cars so that buyers can make their inspection in comfort.
  3. Get rid of anything that you don’t plan to move to your new home. Place remaining stored material neatly in boxes, and position away from walls.

 

10 Important Points to Remember

When Showing Your Home!!

  • Increase your chances. The more people who see your home, the more likely you are to sell it quickly.
  • Yes, it’s inconvenient to show your home at dinnertime, but if the people buy your home, isn’t it worth it?
  • There shouldn’t be any major house cleaning at this point. The kinds of tasks you ought to be concerned with now are simple ones: making the beds, stuffing last night’s dirty pans in the dishwasher, picking up loose newspapers, etc.
    Even young children can participate by “cleaning” their rooms.
  • If the season is appropriate, open the windows in each room and let in some fresh air.
    Stale air isn’t appealing, particularly in a home with smokers or pets.
  • Keep your thermostat at a comfortable setting.
  • Turn on ALL the lights for every showing before prospective buyers arrive.
    This also gives you an opportunity to select the lighting effects you want for each room.
    No area of your home should be dark.
  • Turn off the television and turn on light, background music.
  •  Arrange for pets and children to be at a neighbor. Perhaps it’s unfair to lump children with pets, but young children can distract buyers from their purpose. Keep pets away from buyers.
  •  Don’t try to “sell” the house with words!
    By this time, you have prepared the house for sale … let it sell itself. Buyers buy on emotion — theirs not yours!
    Keep the emotions under control.
  •  “Depersonalize” the house as much as possible.
    Take down any extra family pictures that are hanging on the walls or displayed on the shelves.
    They will often distract the buyer’s attention from what is most important … the house!
  •  Most importantly, please leave the home during all showings.
    It is uncomfortable and difficult for buyers to view the home when owners are present.
    Oftentimes, they will rush through the home and not give it the proper attention your home deserves.
    It is also hard for the buyers to “picture themselves” living in the home when the sellers are present.

NOTICE TO SELLERS

Keep in mind that BUYERS want to obtain the LOWEST PRICE and BEST TERMS for themselves.

We recommend that you DO NOT DISCUSS the following types of information with any BUYERS or real estate agents, regardless of whom they represent, other than your listing agent:

  1. Reason for selling.
  2. Motivation/urgency to sell
  3. Willingness to consider an offer less than the listing price.
  4. Terms under which you would sell.
  5. Relocation, timing, benefits of policies…if applicable.
  6. Items of personal property, which you “might” be willing to include in a sale.
  7. Any confidential information that would serve to disclose your negotiating strategy.
https://gloribee.com/90-ways-to-sell-your-house/

Tuesday, January 23, 2024

🏡 The Buyer Transaction Roadmap: Navigating Your Home Purchase Part 1


 🏡 The Buyer Transaction Roadmap: Navigating Your Home Purchase

✨ Topics Covered:

  • Understanding Your Needs
  • Home Search Process
  • Property Tours and Insights
  • Market Trends and Insights
  • Crafting a Strong Offer and Negotiation
  • Due Diligence and Inspections
  • Closing Day: Finalizing the Deal
  • Post-Closing Support

🔑 Why Watch? Whether you're a first-time homebuyer or looking to upgrade, this roadmap will empower you with the knowledge and confidence to make informed decisions throughout the home buying process.

🤝 Connect with Me: Have questions or need personalized advice? Reach out to me for a one-on-one consultation. Your dream home is just a conversation away.

👍 Like, Subscribe, and Share!

If you find this video helpful, don't forget to hit the like button, subscribe for more real estate insights, and share it with friends and family embarking on their home buying journey.

🌟 Social Tags:

#HomeBuying #RealEstate #PropertySearch #BuyerTransaction #DreamHome #RealEstateTips #HouseHunting #Homeownership #HomeBuyerGuide #RealtorAdvice #PropertyInsights

Join us on this exciting adventure to homeownership! Let's make your dream home a reality together. 🚀

Friday, March 03, 2023

You'd Never Know This Historic Park Is Hiding Under A Highway

 

You'd Never Know This Historic Park In New Jersey Is Hiding Under A Highway
You'd Never Know This Historic Park In New Jersey Is Hiding Under A Highway
New Jersey is home to a multitude of magnificent historic parks, from Morristown National Historic Park (George Washington's 1780 encampment site) to Wharton State Forest (home to the historic Batsto Village, Atsion Village, AND Harrisville Village). We're also home to a smaller (yet still significant) historic park, hidden under a highway. I must have driven over it dozens of times before I discovered this little gem... 
The Easton Tower is a picturesque water tower that was used for pumping water on a private estate that the tower was once part of and is located on the Saddle River walking path

Friday, February 24, 2023

Unwind at the wine loft in Long Branch,NJ

 

The Wine Loft In New Jersey Is A Great Place To Unwind

Long Branch is a peaceful beachside city that makes a fantastic weekend getaway or day trip. While you’re there, you’ll definitely want to spend time at Pier Village, a fairly new community with a lot to offer. Aside from being full of luxury residences, Pier Village is being touted as New Jersey’s most luxurious oceanfront and dining destination. And that’s where you’ll find The Wine Loft, a sexy spot for a date night or an unforgettable spot to gather with friends over a glass of vino and some tasty food.

Thursday, February 23, 2023

The Most Remote Lake In New Jersey Is Also The Most Peaceful

 

The Most Remote Lake In New Jersey Is Also The Most Peaceful
The Most Remote Lake In New Jersey Is Also The Most Peaceful
One of the best ways to spend a peaceful day hiking is to explore a quiet, remote lake in New Jersey. The Pine Barrens are full of quarries and ponds that are truly remote, but in case you don't have a 4x4 vehicle and sand-trail navigation skills, we're here to tell you about the peaceful ponds of Farny State Park. For trail maps and park information, visit the Farny State Park website.

Wednesday, February 22, 2023

A Historic Village And Over 14 Miles Of Trails must visit

 

With A Historic Village And Over 14 Miles Of Trails, This Underrated New Jersey State Park Is A Must-Visit
With A Historic Village And Over 14 Miles Of Trails, This Underrated New Jersey State Park Is A Must-Visit
New Jersey has no shortage of beautiful state parks to visit, but some of them can fly under the radar a little bit. Allamuchy Mountain State Park, located in Allamuchy and Byram Townships, is one such example. The park has over 14 miles of marked trails and over 20 miles of unmarked trails in a tranquil wooded setting, but that's not all it offers.

Looking to do something different?...

 

Maple Sugaring Fest - Sunday, March 5 (1:00 PM to 4:00 PM)

Sunday, March 5, 2023, 1:00 - 4:00 pm

Enjoy a brisk winter afternoon learning how maple syrup is made.  The whole family will enjoy spending the day outdoors, hiking on our trails, and partaking in our Maple Sugaring Challenge!  Also enjoy some hot chocolate, maple vendors, and more.  It’s going to be a sweet day.  This event will be held rain or shine; no refunds.

REGISTRATION: We will have staggered entry times at 1:00 pm and 2:30 pm.  Please be sure that you sign up for the correct time slot, as changing will be based on availability.

Member registration begins Monday, January 30 at 9:00 am.  Non-member registrations begins Monday, February 6 at 9:00 am.

Maple Sugaring Fest is FREE for RRA Members and children under 3. The cost for Non-Members is $5 per person. 

PLEASE NOTE:  registration for Family level members is limited to immediate family only. Individual and Senior level members are entitled to their own entry and Dual level members are entitled to their two household entries. When registering, please include the number of people attending and their names in the participant's box. Thank you.

Questions?  Please contact our Office Manager, Marilyn Foehrenbach, at m.foehrenbach@reeves-reedarboretum.org.

Sunday, March 5, 2023, 1:00 - 4:00 pm

Sunday, March 5 (1:00 PM to 2:30 PM)

Saturday, February 11, 2023

FLOOD PROTECTION COMMUNITY SEA BRIGHT

THANK YOU!

For helping to keep our community safe during flooding!

Because of the efforts of our residents and leaders, Sea Bright is now an

AWARD-WINNING FLOOD PROTECTION COMMUNITY

Recognized by FEMA and the State of NJ!

'Below are are a commonly asked questions about flooding:


QUESTION: Does my homeowner's insurance cover floods?


);;:> ANSWER: NO! You must purchase a separate Flood Insurance Policy to be covered for flood eventsPurchase today! Don't wait for the next flood, as there is a 30-day waiting period for coverage to begin - not enough time to find out what the weather forecast is!

QUESTION: What about all the great stuff I have in my house. Does my Flood Insurance policy cover the contents of my home?

);;:> ANSWER: NO! Protect your belongings by adding Contents Insurance to your coverageIt does not typically cost much more and can provide extra peace of mind should your property become flooded.

QUESTION: What can I do to protect my home or business from future floods?


ANSWER: You can join in with your many friends and neighbors who have elevated their homes, floodproofed their businesses with venting,checking your building for water entry points and addressing them,installing mechanisms to prevent sewer back-ups, developing a disaster response plan, and more! Check with our local Floodplain Department 732-842-0099 ext128 for more information and to develop a plan NOW for your property.

QUESTION: Sounds great, but what ELSE can I do?


ANSWER: There are many simple steps you can take to be better prepared for the next emergency, such as: knowing how to shut off electricity and gas, making a list of emergency numbers, creating household inventory, placing insurance and other important papers in a safe place.

Sea Bright Building Department is always here to help you. We can provide flood information, maps, and other data to help you prepare and understand your risk. Call us at 732-842-0099 ext. 110 or 128 or visit FEMA website at www.ready. gov/floods for more helpfuinformation.

2023 Municipal Directory Mailing

Monday, October 17, 2022

Market Buzz Oct 16 2022 Monmouth County NJ


Definitely an uptick in homes coming on the market in Monmouth County NJ.
Rumson, Little Silver, Long Branch, Red Bank to name a few

Wednesday, October 05, 2022

The Long-Term Benefit of Homeownership

 

The Long-Term Benefit of Homeownership

The Long-Term Benefit of Homeownership | MyKCM

Today’s cooling housing market, the rise in mortgage rates, and mounting economic concerns have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to factor the long-term benefits of homeownership into your decision.

Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how you gain equity and wealth as home values grow with time.

The National Association of Realtors (NAR) explains:

“Home equity gains are built up through price appreciation and by paying off the mortgage through principal payments.

Here’s a look at how just the home price appreciation piece can really add up over the years.

Home Price Growth Over Time

Even though home price appreciation has moderated this year, home values have still increased significantly in recent years. The map below uses data from the Federal Housing Finance Agency (FHFA) to show just how noteworthy those gains have been over the last five years.

The Long-Term Benefit of Homeownership | MyKCM

If you look at the percent change in home prices, you can see home prices grew on average by almost 64% nationwide over that period. 

That means a home’s value can increase substantially in a short time. And if you expand that time frame even more, the benefit of homeownership and the drastic gains you stand to make become even clearer (see map below):

The Long-Term Benefit of Homeownership | MyKCM

The second map shows, nationwide, home prices appreciated by an average of over 290% over roughly a thirty-year span.

While home price growth varies by state and local area, the nationwide average tells you the typical homeowner who bought a house thirty years ago saw their home almost triple in value over that time. This is why homeowners who bought their homes years ago are still happy with their decision.

Even if home price appreciation eases as the market cools this year, experts say home prices are still expected to appreciate nationally in 2023. That means, in most markets, your home should grow in value over the next year even if the pace is slower than it was during the peak market frenzy when prices skyrocketed.

The alternative to buying a home is renting, and rental prices have been climbing for decades. So why rent and fight annual lease hikes for no long-term financial benefit? Instead, consider buying a home. It’s an investment in your future that could set you up for long-term gains.

Bottom Line

Don’t let the shifting market delay your dreams. Data shows home values typically appreciate over time, and that gives your net worth a nice boost. If you’re ready to start your journey to homeownership, let’s connect today.

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