Huntsville Times Article from Sunday, 12/21/08
Title: Real Estate To Improve in 2009!
http://www.al.com/huntsvilletimes/stories/index.ssf?/base/living/122985457061270.xml&coll=1
Sunday, December 21, 2008
Sunday, December 14, 2008
FORBES Lists Madison County, AL as #1!!
I am posting a link to Forbes.com's article listing Madison Co., AL as the #1 place to live in the US during the current economic downturns!
Great News!
http://www.forbes.com/2008/11/12/cheap-cities-affordable-forbeslife-cx_hc_1112realestate_slide.html
Great News!
http://www.forbes.com/2008/11/12/cheap-cities-affordable-forbeslife-cx_hc_1112realestate_slide.html
Saturday, December 13, 2008
Home Inspection Survival Guide
It’s like a scene from a reality television show. Strangers arrive at your front door and dive into every nook and cranny of your personal space. For hours on end they open closets, crawl through your belongings, turn on every faucet in the house, flush toilets, fire up your oven and run your washer, dryer or any other appliance they can find. Then, they climb your roof, wander through your basement and seemingly trounce over every square inch of your yard. Your challenge, as the contestant in this show, is to remain pleasant, cheerful and completely accommodating while these personal invaders tear through your home.
But if you survive the harrowing ordeal without blowing a fuse, the payoff can be big: a windfall of hundreds of thousands of dollars from the sale of your home.
According to a joint study by the American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR), nearly four out of every five homes sold in the nation are evaluated by a professional home inspector before they are sold. Hired by the homebuyer, these inspections are designed to protect the buyers from investing in a home that turns out to be a real life money pit. NAR reports that realtors recommend buyers get a home inspection nearly 99% of the time. Most buyers heed that advice, requesting home inspections in 84% of all transactions.
For sellers, understanding the inspection process and preparing your home for the inevitable evaluation not only helps to ensure that the transaction goes through, but can often translate into getting a top-dollar selling price as well.
How It WorksNearly all purchase contracts for homes sold today include an inspection contingency clause, a provision to allow the buyers to hire a home inspector of their choosing to thoroughly evaluate the home for any major problems.
Once the contract has been signed, inspections usually happen quickly. After an appointment is made with the seller, the home inspector arrives with buyer in tow, and goes through the entire house. Typically, a home inspection will take two to three hours and include a check of the home’s structural and mechanical condition. But besides the structural and mechanical inspection, inspectors may also do tests for radon gas, check for wood destroying insects, or perform other services requested by the buyer.
Since 1976, home inspections have been standardized by the nation’s leading inspector association, the American Society of Home Inspectors (see ashi.org). Also known as ASHI, the Society’s “Standards of Practice” dictate what must be inspected and how far inspectors need to go to report those findings.
According to ASHI, a basic home inspection includes an evaluation of 10 different areas of the home: structure, exterior, roofing system, plumbing system, electrical system, heating system, air conditioning system, interior, insulation and ventilation, and fireplaces.
Within these areas, ASHI’s Standards of Practice details what inspectors must look at, as well as what may be excluded, from the inspection. For example, when inspecting the roofing system, inspectors must evaluate the roof shingles, gutters, flashing, skylights, chimneys and other penetrations like plumbing vents. However, an inspector is not required to inspect a roof antenna, or to look inside chimneys that may not be readily accessible.
When the home inspection is complete, the inspector will issue a report to the homebuyer detailing what was found. Inspectors will report on problems needing immediate attention, as well as conditions that can lead to more serious defects down the road.
So Now What?What happens next is usually detailed in the inspection contingency clause. Typically, there will be additional negotiation between buyer and seller if problems are found. In most cases, the difference between what a buyer expected going into the transaction and what was actually uncovered by the inspection, defines the scope of what they might ask the seller to fix.
For example, the buyers may have known the roof is old, so a report detailing a roof in need of replacement might not raise eyebrows. However, if they expected to get through their first winter without buying a brand new furnace, which turns out to be needed, sellers can expect a request to toss one into the transaction.
In a best-case scenario, resolving these disputes is best done by sharing the expense. After all, the seller didn’t promise a home with a brand new furnace and the buyer wasn’t expecting to go 20 years without replacing the existing one. Splitting the cost in a case like this is a fair and reasonable way to resolve the issue.
Dress for Success Most home sellers don’t think of themselves as fierce competitors in a market of high-priced products. But make no mistake, if your home is on the market, you are. Homes are a high-priced commodity and in any given city, there are hundreds from which buyers can choose. The best way to make certain your home attracts buyers and the highest possible sales price is to make sure it’s “dressed for success,” both inside and out.
A fresh coat of paint and some new landscaping may seem like obvious first steps in prepping your home for sale, but when it comes to the home inspection, there’s much more to do.
Start outside repairing minor things like loose steps, disconnected gutters and rotted trim. Look, with a critical eye, for anything that’s been neglected and needs repair, like a rotted windowsill or missing roof shingle. A pair of binoculars is a good tool to use for the roof review. Besides missing shingles, look for loose metal flashing around chimneys and plumbing vents, a common cause of leaks.
Inside the home, give your mechanical systems an honest assessment. If your heating and cooling system hasn’t been recently inspected and serviced, do it now. If you are aware of any minor plumbing or electrical repairs that need to be done, get them done way before the inspection takes place. Leaky toilet fill valves, drippy faucets or electrical outlets that don’t work might seem minor, but fixing them now not only means you’ll have less to worry when the inspection is done, it also shows both the inspector and the buyers that you’ve taken good care of your home.
What’s Good for the Goose, is Good for the Gander If you can afford it, one of the smartest things you can do to get your home ready for sale is to hire your own home inspector to go through it before it goes on the market. Doing this will provide several distinct advantages.
First, it is likely to avoid “surprises,” like when the buyer’s inspector proclaims your electrical panel needs to be replaced. By the time the contract price is agreed to, most sellers have negotiated down as far as they want to go and the buyers have also offered up the most they want to spend, so finding a costly problem at this late stage can send the transaction into a tizzy.
Secondly, if problems are discovered, you have the time and the ability to either repair these on your own schedule or to disclose them upfront to the buyer, eliminating the possibility that the buyer will demand you make repairs later. Plus, if repairing the problem is your choice, you can do so without the buyer looking over your shoulder, second-guessing every decision you make.
Finally, once the buyer hires his own inspector, you’ll have a good baseline by which to compare the new report. While inspection reports will rarely match item for item, major differences are rare amongst qualified and experienced inspectors. Your home inspector can even become your advocate by looking over and dissecting the buyer’s inspector’s report.
To find a qualified inspector in your area, use the “Find an Inspector” locator on the ASHI web site at www.ashi.org. Inspectors listed here have met rigorous testing and experience requirements and are among the most qualified in the nation. By submitting an inquiry to an inspector through the site, your information is transmitted electronically in real-time, saving you time and helping you connect with an inspector more quickly.
Rules of the Road While the home inspection can be both intimidating and invasive, remember that the inspector works for the person who hired him or her. Inspectors will only discuss their findings with their own customer. Therefore, the seller will most likely be the last one to hear about trouble in the transaction when the buyer has arranged for the inspection. While it may seem unfair, that’s the way it is. In fact, in some states that license home inspectors, they are prevented by law from disclosing the results of the inspection to anyone but their client.
Besides getting your home in tip-top shape for the inspection, the best thing you can do during the process is to disappear. Homebuyers will be more comfortable discussing their concerns openly with the inspector if you are not within earshot. And since watching the inspection process can feel akin to being awake during open heart surgery, being away will also keep your stress levels in check.
Whatever you do, do not follow the home inspector and buyer around. If there’s one thing that drives both buyer and inspector nuts, it’s this. Buyers often perceive such overly supervisory behavior as evidence of a home seller trying to hide a defect and worried about whether the jig is up. Home inspectors will be annoyed and, human nature being what it is, the process may become needlessly tense, when it should be educational.
For the best results get your home ready – then get out of the way.
www.moneypit.com
But if you survive the harrowing ordeal without blowing a fuse, the payoff can be big: a windfall of hundreds of thousands of dollars from the sale of your home.
According to a joint study by the American Society of Home Inspectors (ASHI) and the National Association of Realtors (NAR), nearly four out of every five homes sold in the nation are evaluated by a professional home inspector before they are sold. Hired by the homebuyer, these inspections are designed to protect the buyers from investing in a home that turns out to be a real life money pit. NAR reports that realtors recommend buyers get a home inspection nearly 99% of the time. Most buyers heed that advice, requesting home inspections in 84% of all transactions.
For sellers, understanding the inspection process and preparing your home for the inevitable evaluation not only helps to ensure that the transaction goes through, but can often translate into getting a top-dollar selling price as well.
How It WorksNearly all purchase contracts for homes sold today include an inspection contingency clause, a provision to allow the buyers to hire a home inspector of their choosing to thoroughly evaluate the home for any major problems.
Once the contract has been signed, inspections usually happen quickly. After an appointment is made with the seller, the home inspector arrives with buyer in tow, and goes through the entire house. Typically, a home inspection will take two to three hours and include a check of the home’s structural and mechanical condition. But besides the structural and mechanical inspection, inspectors may also do tests for radon gas, check for wood destroying insects, or perform other services requested by the buyer.
Since 1976, home inspections have been standardized by the nation’s leading inspector association, the American Society of Home Inspectors (see ashi.org). Also known as ASHI, the Society’s “Standards of Practice” dictate what must be inspected and how far inspectors need to go to report those findings.
According to ASHI, a basic home inspection includes an evaluation of 10 different areas of the home: structure, exterior, roofing system, plumbing system, electrical system, heating system, air conditioning system, interior, insulation and ventilation, and fireplaces.
Within these areas, ASHI’s Standards of Practice details what inspectors must look at, as well as what may be excluded, from the inspection. For example, when inspecting the roofing system, inspectors must evaluate the roof shingles, gutters, flashing, skylights, chimneys and other penetrations like plumbing vents. However, an inspector is not required to inspect a roof antenna, or to look inside chimneys that may not be readily accessible.
When the home inspection is complete, the inspector will issue a report to the homebuyer detailing what was found. Inspectors will report on problems needing immediate attention, as well as conditions that can lead to more serious defects down the road.
So Now What?What happens next is usually detailed in the inspection contingency clause. Typically, there will be additional negotiation between buyer and seller if problems are found. In most cases, the difference between what a buyer expected going into the transaction and what was actually uncovered by the inspection, defines the scope of what they might ask the seller to fix.
For example, the buyers may have known the roof is old, so a report detailing a roof in need of replacement might not raise eyebrows. However, if they expected to get through their first winter without buying a brand new furnace, which turns out to be needed, sellers can expect a request to toss one into the transaction.
In a best-case scenario, resolving these disputes is best done by sharing the expense. After all, the seller didn’t promise a home with a brand new furnace and the buyer wasn’t expecting to go 20 years without replacing the existing one. Splitting the cost in a case like this is a fair and reasonable way to resolve the issue.
Dress for Success Most home sellers don’t think of themselves as fierce competitors in a market of high-priced products. But make no mistake, if your home is on the market, you are. Homes are a high-priced commodity and in any given city, there are hundreds from which buyers can choose. The best way to make certain your home attracts buyers and the highest possible sales price is to make sure it’s “dressed for success,” both inside and out.
A fresh coat of paint and some new landscaping may seem like obvious first steps in prepping your home for sale, but when it comes to the home inspection, there’s much more to do.
Start outside repairing minor things like loose steps, disconnected gutters and rotted trim. Look, with a critical eye, for anything that’s been neglected and needs repair, like a rotted windowsill or missing roof shingle. A pair of binoculars is a good tool to use for the roof review. Besides missing shingles, look for loose metal flashing around chimneys and plumbing vents, a common cause of leaks.
Inside the home, give your mechanical systems an honest assessment. If your heating and cooling system hasn’t been recently inspected and serviced, do it now. If you are aware of any minor plumbing or electrical repairs that need to be done, get them done way before the inspection takes place. Leaky toilet fill valves, drippy faucets or electrical outlets that don’t work might seem minor, but fixing them now not only means you’ll have less to worry when the inspection is done, it also shows both the inspector and the buyers that you’ve taken good care of your home.
What’s Good for the Goose, is Good for the Gander If you can afford it, one of the smartest things you can do to get your home ready for sale is to hire your own home inspector to go through it before it goes on the market. Doing this will provide several distinct advantages.
First, it is likely to avoid “surprises,” like when the buyer’s inspector proclaims your electrical panel needs to be replaced. By the time the contract price is agreed to, most sellers have negotiated down as far as they want to go and the buyers have also offered up the most they want to spend, so finding a costly problem at this late stage can send the transaction into a tizzy.
Secondly, if problems are discovered, you have the time and the ability to either repair these on your own schedule or to disclose them upfront to the buyer, eliminating the possibility that the buyer will demand you make repairs later. Plus, if repairing the problem is your choice, you can do so without the buyer looking over your shoulder, second-guessing every decision you make.
Finally, once the buyer hires his own inspector, you’ll have a good baseline by which to compare the new report. While inspection reports will rarely match item for item, major differences are rare amongst qualified and experienced inspectors. Your home inspector can even become your advocate by looking over and dissecting the buyer’s inspector’s report.
To find a qualified inspector in your area, use the “Find an Inspector” locator on the ASHI web site at www.ashi.org. Inspectors listed here have met rigorous testing and experience requirements and are among the most qualified in the nation. By submitting an inquiry to an inspector through the site, your information is transmitted electronically in real-time, saving you time and helping you connect with an inspector more quickly.
Rules of the Road While the home inspection can be both intimidating and invasive, remember that the inspector works for the person who hired him or her. Inspectors will only discuss their findings with their own customer. Therefore, the seller will most likely be the last one to hear about trouble in the transaction when the buyer has arranged for the inspection. While it may seem unfair, that’s the way it is. In fact, in some states that license home inspectors, they are prevented by law from disclosing the results of the inspection to anyone but their client.
Besides getting your home in tip-top shape for the inspection, the best thing you can do during the process is to disappear. Homebuyers will be more comfortable discussing their concerns openly with the inspector if you are not within earshot. And since watching the inspection process can feel akin to being awake during open heart surgery, being away will also keep your stress levels in check.
Whatever you do, do not follow the home inspector and buyer around. If there’s one thing that drives both buyer and inspector nuts, it’s this. Buyers often perceive such overly supervisory behavior as evidence of a home seller trying to hide a defect and worried about whether the jig is up. Home inspectors will be annoyed and, human nature being what it is, the process may become needlessly tense, when it should be educational.
For the best results get your home ready – then get out of the way.
www.moneypit.com
Friday, December 12, 2008
XEROX - Holiday Cards for Soliders
XEROX IS DOING SOMETHING COOL
If you go to this web site, www.LetsSayThanks.com you can pick out a thank you card and Xerox will print it and it will be sent to a soldier that is currently serving in Iraq .
You can't pick out who gets it, but it will go to a member of the armed services.
How AMAZING it would be if we could get everyone we know to send one!!!
It is FREE and it only takes a second.
Wouldn't it be wonderful if the soldiers received a bunch of these? Whether you are for or against the war, our soldiers over there need to know we are behind them.
This takes just 10 seconds and it's a wonderful way to say thank you. Please take the time and please take the time to pass it on for others to do. We can never say enough thank you's. Thanks for taking to time to support our military!
Home Maintenance Tips!
"Success is the sum of small efforts, repeated day in and day out.”
-- Robert Collier
Home Maintenance Tips -
There are some simple and effective home maintenance tips to consider at this time of year. Bringing your home up to weather efficiency will save both energy and money.
1. In warmer climates, reduce watering times on your irrigation controller and be prepared to turn the irrigation controller “off” during prolonged rainy periods. Reducing your water usage is conservation of a limited resource - and it also reduces your water bill.
2. Check all your yard drains and swales. Make sure they are functioning properly and taking runoff away from your house. Water intrusion to the home may be caused by runoff pooling against or under your foundation. Direct runoff water away from your home and into a local storm drain. The same goes for rain gutters - make sure the gutter is clear of debris and that the drain leads the runoff away from your home.
3. Check the weather-stripping on all exterior doors. Does it form a tight and unbroken seal? If not, replace the weather stripping. Inefficient weather stripping allows that nice warm air from your heater to escape outside - increasing your energy bill.
4. Speaking of your furnace, when was the last time you checked the air return filter? A dirty filter makes your heater work harder and spreads dust throughout your house. A clean filter allows your heater to work more efficiently, saving you money.
5. Check your windows. Are the tracks clean? Dirt and dust in window tracks can cause damage to your windows and/or create paths for the warm air inside to leak outside.
6. And, while you are checking your windows, look at the caulking around the window frame. Broken or missing caulking can let water in to your home or warm air out. A tube of caulking is relatively inexpensive compared to the damage water can cause or the cost to heat your home.
7. If you have a wood burning fireplace, make sure the damper is open before you light the fire. And, always close the glass doors to keep embers from escaping the fireplace box. Burn only manufacturer-approved materials and wood types in your fireplace. Trash, gift-wrappings and compressed logs should never be burned in your fireplace.
Tips courtesy of Steve at http://expectmoreinahome.com/blog/home-maintenance-tips/
-- Robert Collier
Home Maintenance Tips -
There are some simple and effective home maintenance tips to consider at this time of year. Bringing your home up to weather efficiency will save both energy and money.
1. In warmer climates, reduce watering times on your irrigation controller and be prepared to turn the irrigation controller “off” during prolonged rainy periods. Reducing your water usage is conservation of a limited resource - and it also reduces your water bill.
2. Check all your yard drains and swales. Make sure they are functioning properly and taking runoff away from your house. Water intrusion to the home may be caused by runoff pooling against or under your foundation. Direct runoff water away from your home and into a local storm drain. The same goes for rain gutters - make sure the gutter is clear of debris and that the drain leads the runoff away from your home.
3. Check the weather-stripping on all exterior doors. Does it form a tight and unbroken seal? If not, replace the weather stripping. Inefficient weather stripping allows that nice warm air from your heater to escape outside - increasing your energy bill.
4. Speaking of your furnace, when was the last time you checked the air return filter? A dirty filter makes your heater work harder and spreads dust throughout your house. A clean filter allows your heater to work more efficiently, saving you money.
5. Check your windows. Are the tracks clean? Dirt and dust in window tracks can cause damage to your windows and/or create paths for the warm air inside to leak outside.
6. And, while you are checking your windows, look at the caulking around the window frame. Broken or missing caulking can let water in to your home or warm air out. A tube of caulking is relatively inexpensive compared to the damage water can cause or the cost to heat your home.
7. If you have a wood burning fireplace, make sure the damper is open before you light the fire. And, always close the glass doors to keep embers from escaping the fireplace box. Burn only manufacturer-approved materials and wood types in your fireplace. Trash, gift-wrappings and compressed logs should never be burned in your fireplace.
Tips courtesy of Steve at http://expectmoreinahome.com/blog/home-maintenance-tips/
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