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Monthly Archives: October 2013

12 Trick-Or-Treating Safety Tips

12 Trick Or Treating Safety TipsGone are the days where parents sit at home while their costumed children run around the neighborhood alone. These days, most small children are walked door to door by family. While there is relatively little mischief they can get into under their parents’ watchful gaze, below are even more trick-or-treating safety tips for an untroubled, fun and haunted evening.

  1. Light Them Up – Put reflective tape on your children’s costumes and bags, so drivers can identify them easily. It’s dark out there!
  2. Plan A Route – Hit up familiar homes and don’t get too far from your house in case a small one gets tired or needs to go to the bathroom.
  3. Stay Out Of The Street – Keep kids on the sidewalk and be sure to look both ways before crossing the street.
  4. Take Stranger Danger Seriously – Don’t go into any dark, unfamiliar homes or get into cars with strangers.
  5. Hem Long Costumes – After purchasing a costume, make sure it’s at least three inches above the ground, so your little ghost won’t trip.
  6. Be Cautious Getting Ghoulish – Test makeup on a small portion of your child’s skin before putting it all over his or her face. Also, be sure to remove it before bedtime.
  7. Pack Away Pointy Toys – Make sure your children’s swords, knives and axes are short, flexible and made of foam.
  8. Wear Comfy Shoes – Avoid princess shoes with heals or anything that’s not flat and comfy for your tot. You don’t want them to trip in the dark.
  9. Watch Out For Flames – Keep flammable costumes away from luminarias or any open-topped glowing pumpkins.
  10. Pretend You’re At The Pool – Walk; don’t run.
  11. Put A Spotlight On Those Monsters – Carry a flashlight so that no one trips.
  12. Check Out The Treats – While this might seem paranoid, just quickly double-check the treats to make sure none have been tampered with or could pose a choking hazard.

Having your little witch in the emergency room instead of indulging in a late night sugar rush would put a damper on the entire holiday. So follow the 12 trick-or-treating safety tips above to help your child enjoy a hauntingly fun and safe Halloween.

 
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Posted by on October 31, 2013 in Consumer Tips

 

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Beware Of Zombie Titles

Beware Of Zombie TitlesWith the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up and people are moving on, a new term is coming to light — zombie titles.

The Zombie Title

This is when a home has been vacated because the owners defaulted on their loan and their bank started the foreclosure process. However, for some reason or another the bank never completed the foreclosure and sold the home.

So, when the city starts fining someone for the overgrown grass and dilapidated structure, the homeowner who thought they were finished with the property gets the bill.

A Home That Keeps Haunting

Homeowners think they don’t own the property any longer and therefore try to move on by rebuilding their credit score and finding a new place to live. It can be a rude awakening to find out that not only do they still own a home they could have been living in, but also its long vacancy has caused it to fall into disrepair.

Its Spooking The Neighborhood

These vacant homes can decrease the value of a neighborhood. If the bank or the un-suspecting homeowner are neither one taking care of the property, then it can become overgrown and an eyesore on the block. It becomes a problem with no solution because the owner won’t want to invest any money in fixing up the property when the bank could come back with the foreclosure at any time.

Nail Shut The Foreclosure Coffin

Homeowners who have foreclosed on a home should double check that their bank actually followed through to closing on a sale. They could contact their lender or check public property records just to make sure. Otherwise, they could be haunted by their housing nightmare all over again.

Don’t let the zombie title of a past property haunt your future! Check with your bank to make sure you’re free and clear of your foreclosure. If you’d like more information on zombie titles or have other questions about local real estate, please contant your trusted real estate professional.

 
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Posted by on October 30, 2013 in Home Buyer Tips

 

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What You Should Know About Pending Home Sales This Month

What You Should Know About Pending Home Sales This Month Pending home sales fell in September by -5.60 percent, and were 1.20 percent lower year-over-year. This is the first time in more than two years that pending home sales have fallen below year-earlier readings. September’s reading was below August’s reading of -1.60 percent.

The National Association of REALTORS®, which released the report, expects lower home sales for the fourth quarter of 2013 and flat sales into 2014. NAR provided good news in its forecast of 10 percent growth in existing home sales in 2013 as compared to 2012.

A spike in mortgage rates in August coupled with rapidly rising home prices were seen as major factors leading to lower pending sales.

Real estate analysis firm CoreLogic has reported that August home prices were 12.4 percent higher than for the previous 12 months; this was the fastest annual growth rate for home prices since February 2006.

While positive news for homeowners and housing markets, rapidly rising home prices can cause some buyers to postpone or cancel their plans for purchasing a home.

Economic, Government Policy Challenges Reduce Buyer Enthusiasm

In addition to higher mortgage rates and home prices, recent concerns of investors and consumers about the government shutdown and its consequences were noted as factors contributing to lower pending home sales.

High unemployment rates are a lingering influence, as would-be home buyers waver in their decisions to take on a long-term obligation when unemployment rates remain higher than normal and job security is questionable.

Fed Expected To Maintain BondBuying At Current Level

The Federal Open Market Committee of the Federal Reserve meets this week and is expected to maintain its current level of $85 billion per month in Treasury securities and mortgage-backed securities. The fed’s program is intended to keep long-term interest rates, including mortgage rates, low as a means of supporting the economic recovery.

Mortgage rates are affected by bond prices; if the fed reduces its monthly bond purchases, demand for bonds would fall, and mortgage rates would be expected to rise.

Mortgage rates spiked in August on expectations that the FOMC would taper its monthly bond-buying, but have since trended lower. 

 
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Posted by on October 29, 2013 in Housing Analysis

 

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What’s Ahead For Mortgage Rates This Week – October 28, 2013

What’s Ahead For Mortgage Rates This Week – October 28, 2013Federal government agencies issued reports that were delayed by the government shutdown; and Freddie Mac reported that average mortgage rates fell for all types of loans it reports. The National Association of REALTORS issued its Existing Home Sales report on Monday. While 5.30 million home sales were expected an annual basis, September’s reading fell short at 5.29 million sales.

August’s reading was adjusted from an original reading of 5.48 million, which equaled July’s reading. Higher mortgage rates and home prices were cited as contributing to the slip in September’s sales.

The Bureau of Labor Statistics issued the Nonfarm Payrolls report for September on Tuesday. September’s reading indicated that only 148,000 jobs were created as compared to economists’ expectations of 185,000 jobs and August’s reading of 173,000 new jobs.

National Unemployment Rate Dropped 

Analysts indicated that the modest reading for September was caused by uncertainty over the government shutdown, and also indicated that the economy is growing, but continues to experience ups and downs. The national unemployment rate for September fell from August’s reading of 7.30 percent to 7.20 percent.

According to the Commerce Department, construction spending rose by 0.60 percent in August as compared to expectations of 0.50 percent and July’s revised reading of 1.40 percent, of which 1.20 percent represented spending on residential construction. The Federal Reserve characterized residential construction as growing at a “moderate pace” in September.

The Federal Housing Finance Agency reported that August sales of homes connected with Fannie Mae and Freddie Mac grew by 8.50 percent on a seasonally adjusted year-over-year basis. This represented monthly growth of 0.30 percent and was the smallest rise since September 2012.

Good News! Mortgage Rates Fall

Thursday brought encouraging news with Freddie Mac’s Primary Mortgage Market Survey. Average mortgage rates fell across the board with the average rates for a 30-year fixed rate mortgage falling from last week’s 4.28 percent to 4.13 percent. 

The rate for a 15-year fixed rate mortgage dropped from 3.33 percent to 3.24 percent, and the rate for a 5/1 adjustable rate mortgage dropped from 3.07 percent to 3.00 percent. Discount points rose to 0.8 percent for 30 and 15-year fixed rate mortgages and stayed steady for 5/1 adjustable rate mortgages at 0.4 percent.

Weekly Jobless claims were higher than expected at 350,000 new claims; analysts had expected 337,000 new claims. The latest reading was below the prior reading of 362,000 new jobless claims.

The University of Michigan’s Consumer Sentiment Index was released Friday with some telling results. October’s reading 73.2 from September’s revised reading of 77.5. A reading of 74.8 had been expected based on September’s original reading of 75.2. Consumers interviewed for the October CSI indicated that the federal government was the major factor in lower confidence in the economy.

What’s Coming Up

A number of federal agencies are still delaying their reports. Next week’s scheduled economic news includes the Case-Shiller Housing Market Index, Consumer Confidence report and ADP’s Employment Report. Weekly Jobless Claims and the Freddie Mac PMMS will be issued Thursday. 

 
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Posted by on October 28, 2013 in Housing Analysis

 

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3 Easy Tips To Protect Your Deck This Winter

3 Easy Tips To Protect Your Deck This WinterBarbecue season is all but over, and you won’t be spending as much time out on the deck. Don’t let it get you down, though. Spring will be here before you know it. There are a lot of things that can wear down and damage your deck, so protect your deck and make sure it stays in tip top shape over the winter.

Cover The Furniture

You want your deck to look as good in the spring as it does now. The first step is to cover all the furniture (don’t forget the grill!). Cover everything with commercial furniture covers or just use a tarp. Be sure that the covers fit snuggly.

They won’t do any good if they’re blowing through the neighbor’s yard. If you’ve got the space, make room in the garage for the deck chairs and table. They’ll last longer if you store them indoors for the winter.

Give It One More Good Cleaning

Dirt and dust can get trapped in the wood over the course of the summer, not to mention dog slobber or barbecue sauce. If you let these things stain your deck all winter, it will be a pain in your neck to get them out in the spring. Make sure to give your deck a thorough cleaning before it gets too cold.

You can use a pressure washer to spray away all the dirt. However, be careful not to splinter your wood, as pressure washers are powerful. Another option is to scrub the deck down with a brush. 

There are severally commercial cleaners to choose from, but don’t get one with bleach. You don’t want your wood to fade. If this sounds like too much work consider hiring someone to give your deck a professional cleaning.

Moisture Is The Enemy

Rain, sleet, and snow will seep into the cracks of your deck all winter. They can cause discolor, warping, and even cracking. Now is the perfect time to use a waterproof finish to seal all the little cracks in your deck and keep out the moisture all winter. There are a wide variety of finishes to choose from. Choose a darker or lighter finish to give your deck a new look.

We’re leaving behind the days of barbecues and swimming pools, and replacing them with wool socks and fireplaces. Over the winter you can’t give your deck as much attention, but you can make sure it stays healthy and strong until spring. A good deep cleaning and a fresh new finish are your keys to avoiding cracking, warping, fading, and mold. Put in the time now, and you’ll extend your deck’s life by years.

 
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Posted by on October 25, 2013 in Around The Home

 

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Your Home List Price, Should You Lower It?

Your Home List Price, Should You Lower ItAre you trying to sell your home and finding that it is not selling very well? This might be due to a number of reasons that you can’t control, such as its location or the fact that the home layout is somewhat unusual.

If you are struggling to sell your home, there is one factor that you can alter that might change things – the price.

Many homeowners are reluctant to lower the price of their home, because it feels somewhat like a defeat. However, while you want to make as much money from your house sale as possible – it is better to sell your home at a slightly cheaper price than to let it sit on the market for a long time.

Have You Had Many Lookers, But No Buyers?

If you have had many people come to look at your home, but no one place an offer, this might be a sign that your price is too high. These lookers might be interested in your home, but are waiting for the price to fall before they would consider buying it.

How Long Has Your Home Been On The Market?

Has your house been on the market for more days than the average for your particular neighborhood? If it has, this might be due to the price. Letting your home sit on the market for a long time is not such a good idea, because buyers will start to wonder what is wrong with it. This can turn people off and delay your sale even further.

Do You Have A Deadline?

Perhaps you have a job offer in another city or you have already purchased another home, so you need to sell your house ASAP. In this case, dropping your price a little bit can be a great way to generate buyer interest and get the home sold. Remember – it doesn’t matter how much you need the money, a home is only worth what the buyer is willing to pay for it.

These are a few situations where you might want to consider reducing the price of your property. To find out more about selling your home, contact your trusted real estate professional.

 
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Posted by on October 24, 2013 in Home Seller Tips

 

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How To Manage Those Fallen Leaves

How To Manage Those Fallen LeavesThe kids are back in school, the weather is getting cooler and your yard is covered in a layer of fallen leaves. Yep, it’s that time of the year again, but don’t think of fall leaves as a chore. They can be a useful resource for fertilizing your lawn or even decorating your home for autumn.

Finish The Raking

It’s tempting to just let the leaves lie in the yard. It’s good fertilizer anyway, right? Wrong. You should rake everything up as soon as the trees begin to look bare, or else risk the blanket of leaves smothering your lawn over the winter season. Gather them up in plastic bags and put them to use.

Refuse To Rake Leaves

If you can’t bring yourself to pick up a rake, you do have an alternative. Wait until the leaves are dry and crunchy and fire up the lawnmower once more before winter. Many mowers have a mulch setting that will chop the fallen leaves to bits.

The smaller pieces won’t suffocate your lawn, and the crushed leaves make a good fertilizer. If you’d rather use the leaf bits in the garden or a flowerbed, use a grass clipping catcher with your mower to gather up the pieces as you mow.

Use Mulch And Fertilizer

Fresh chopped leaves are a good homemade mulch. Put a layer on the garden and the flower bed to replenish the soil over winter. Also, be sure to put a thick layer around young trees and shrubs to keep them warm. If you really want to get the most out of your leaves, then take them to the compost pile.

Mix the leaves in with the regular green yard waste, and the leaves will boost the composting process into overdrive. The fully composted material makes a potent fertilizer.

Get Crafty

Set some leaves aside to take indoors. The changing colors of the fall leaves are part of the beauty of autumn. Why not bring some of that beauty into the house?

Fill a vase with leaves for a seasonal centerpiece, or use a wire frame to make a wreath for the front door. You can make leaf etchings with the kids or simply use one as a bookmark.

It’s sad to see so many fall leaves burned up in piles, or put out with the trash. The leaves on the lawn aren’t just a mess to be cleaned up. Inside or outdoors, autumn leaves are an easy, natural, and free material. Be sure to put them to use!

 
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Posted by on October 23, 2013 in Around The Home

 

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