James Conforti and Domingo Medina - Coldwell Banker Residential Brokerage



Posted by James Conforti and Domingo Medina on 6/28/2018

Buying a vacation home is an important goal and milestone for many Americans who want to make the most of their holidays and plan for retirement.

Vacation properties neednít be lavish or expensive to still be a perfect way to enjoy the winter months at your home away from home. Furthermore, owning a vacation home can prove to be an excellent financial asset that increases in value over time, as more people seek to scoop up properties in your area.

In todayís post, Iím going to talk about some of the most important things to look for in a vacation home to help you kick off your search. Whether youíre months away from buying a home or the idea of a second home is still a far-off dream, this article is for you.

1. Consider locations

The most important aspect of any vacation home is that itís located in the perfect place for you to enjoy. Whether thatís a remote getaway in the mountains or a beachfront property in Florida, your plans for the home should be your number one priority.

If itís your ultimate goal to retire and move into your vacation home someday, consider what it would be like living in that location full time. Is it close to amenities like grocery stores? Or, if youíre moving to a coastal area, will the traffic drive you crazy?

On the other hand, if you donít intend to ever move into your vacation home full-time, it might be wiser to choose a location that will suit your familyís vacation needs while remaining a great asset to sell down the road.

2. Spend a week at your destination before buying

Some homeowners have a dream of buying a vacation home in a place theyíve always wanted to visit or have simply heard is a great place to own a vacation home in. The problem with this is that you might find, once you arrive, that you donít want to spend several weeks or months there after all.

It might get too crowded during vacation season or you might decide that there isnít enough to do that will keep you busy for extended stays.

To prevent buyerís remorse, spend a week or two in your planned vacation home destination to make sure it really is the best spot for you.

3. If you plan on renting, know what to expect

Many Americans purchase a vacation home with the intention of renting it out while they arenít using it to earn extra income. While this can be a great way to generate income, you will need to be prepared for becoming a landlord.

Look up local rental laws in the area to make sure you understand your responsibilities. Furthermore, understand that renting out a property part-time takes work; youíll interact with prospective renters, filter out those that you think arenít suited for your home, and handle problems with the property as they arrive.

If you keep these three things in mind, you should be able to find the perfect vacation home for you and your family.





Posted by James Conforti and Domingo Medina on 6/21/2018

If you plan to sell a house for the first time, it pays to think about how you'll price your house. By doing so, you can establish a competitive price for your residence and boost your chances of a fast, profitable home sale.

Now, let's take a look at three pricing tips that every first-time home seller needs to know.

1. Perform Housing Market Research

Although you may have bought your home in the peak of a buyer's market, it is important to note that the real estate sector constantly fluctuates. This means the value of your home today is unlikely to match its value from a few years ago.

Before you price your house, you should take a look at a variety of housing market data. This information is readily available and will enable you to take an informed approach to the real estate market.

For example, a first-time home seller should examine the prices of available houses that are similar to his or her own. With this housing market data, a home seller can find out how his or her residence stacks up against the competition.

It also helps to review the prices of recently sold houses in your city or town. That way, you can determine whether you're about to enter a buyer's or seller's market and set realistic pricing expectations for your residence.

2. Conduct a Home Appraisal

A home appraisal is exceedingly valuable, particularly for a first-time home seller who is uncertain about the value of his or her house.

During a home appraisal, a property appraiser will examine a residence's condition, as well as various housing market data. Then, this appraiser will provide a comprehensive report that includes a property valuation.

By completing a home appraisal, a first-time home seller can receive expert property insights. Plus, the appraisal enables a home seller to identify a property's strengths and weaknesses.

3. Collaborate with a Real Estate Agent

A real estate agent is a housing market professional who is committed to client results. As such, a real estate agent will go above and beyond the call of duty to help a first-time home seller set the right price for his or her house.

Typically, a real estate agent will meet with a home seller and learn about his or her property selling goals. This housing market professional then will provide extensive housing market insights to ensure a home seller can establish a competitive home price from day one.

Let's not forget about the support that a real estate agent provides throughout the home selling journey, either. A real estate agent will set up home showings and open houses and do everything possible to help a home seller optimize the value of a residence. Also, if a home seller has questions, a real estate agent is ready to respond to them at any time.

Take the guesswork out of pricing your residence Ė use the aforementioned tips, and a first-time home seller can establish a competitive price for his or her home.





Posted by James Conforti and Domingo Medina on 6/14/2018

A healthy lifestyle is a reflection of your personal values and the habits you cultivate on a daily basis. When you prioritize, in your own mind, the importance of taking care of your own health, as well as that of your family, you've laid the groundwork for a healthier home environment. One of the worst dietary habits that many families fall into is keeping the kitchen well stocked with ice cream, cookies, cheese, crackers, and potato chips. While the mantra "All things in moderation" is a good guideline to follow, many people -- especially children -- do not have the self discipline to put that idea into practice. As you may have discovered, motivating your kids to eat less junk food and more fruits and vegetables can sometimes feel like an exercise in futility -- and unfortunately, that's not the kind of exercise that burns calories! A Few Ideas For Healthier Eating Permanently purging your home of all signs of snack foods that contain "empty calories" is too extreme of a solution for most families! A more realistic alternative might be to buy snacks in limited amounts and opt for the "reduced fat" version, whenever possible. Then, by keeping a fresh supply of apples, bananas, and other fruit in the house, you're encouraging your family to make healthier eating choices. One way to present this alternative in a more appealing way is to make low-cal fruit smoothies for your kids, or teach them to do it themselves (if they're old enough). A proven method of helping to control portion size is to serve food on smaller plates. Not only does it create the illusion of a larger serving, but it helps to limit the size of second helpings. It doesn't work for everybody all the time, but it is worth a try! Offering ice water with meals, instead of sugary soda and fruit drinks, is another simple, but healthy habit for the family. A slice of lemon or lime can add to both the taste and visual appeal. There are literally dozens of other healthy food choices you can incorporate into your family's diet, but I'll leave those details to the nutritionists, dieticians, and medical professionals. There are also several authoritative websites online that can provide you with complete guidelines, recipes, healthy snacks, and meal plans. What About Exercise? As you've probably heard, a sedentary lifestyle is one of the leading causes of health problems in people of all ages. Fortunately, there are at least as many choices for staying physically active as there are excuses for avoiding it. Even if the idea of heading to the gym four times a week sounds about as appealing as being trapped in an elevator with a door-to-door salesman, there are plenty of other ways to stay in shape. Low-impact sports, such as golf, tennis, and swimming, can provide an array of benefits for both the mind and body. When all else fails, there's always the option of taking a family walk in the park or neighborhood. Sometimes adding a dog into the mix can provide an additional incentive to go out and "hit the pavement." While all exercise and dietary programs should be approved by your physician before getting started, there are quite a few common-sense approaches to improving health, such as portion control, junk food reduction, and age-appropriate physical activity (taking in account medical restrictions and personal safety.)





Posted by James Conforti and Domingo Medina on 6/7/2018

Did you know that your front door says a lot about you and your familyís personality? It can also affect how you feel about your home. After a long day of work, school and/or shuffling the kids around to practice what type of home would you like to come home to? Keep reading to learn what your current door says about you and which colors would better suit your family.

Blue

A blue front door represents a traditional, family-centered home. Your abode is a peaceful, serene place to return to after a day of work and feels like a place of refuge to visitors.  

Best for: South East, North facing front doors

White/Gray

A white front door represents a tidy and classic atmosphere within. Those who choose this door color are neat, minimalist and strongly value knowledge.

Best for: North West and West facing front doors

Red

A red front door can be found on a house whose inhabitants lean towards the elegant and charming. This is the home of a family that loves to entertain. Visitors will expect a vibrant, energetic, and exciting reception.

Best for: South, North East and South West facing front doors

Green

Homey and welcoming a green front door practically invites guests in itself. And when they come theyíll be ready for a social, warm home where they can be at ease.

Best for: South, East South, and South East facing front doors

Brown

A brown front door represents stability and warmth. Guests will feel like they are in a refuge from the chaotic world.

Best for: East and South East facing front doors

Yellow

Those with a yellow front door like to stand out from the crowd, but still, like to be a part of it. Always cheerful and happy go lucky visitors will never leave your home without a smile on their face.  

Best for: North East, North West, South and South West facing front doors

Pink

A pink front door is for hopeless romantics. Sophisticated yet eccentric the family in this home has big hearts and is always there with a tissue for a friend who is feeling down.

Best for: South, North East and South West facing front doors

Black

If black is your color of choice for your front door youíre calendar is packed with people to see and places to be. Chic and world wise you are always the center of a riveting conversation.

Best for: South East and North facing front doors

Turquoise

Laid back and relaxed is the name of the game for a family with this color for their front door. When inside their home you never feel as if you need a vacation from life.

Best for: North facing front doors

Orange

An orange front door isnít for just anyone. This home is modern, sleek, and curated. Guests love visiting because of this familyís spontaneous nature.

Best for: South, North East and South West facing front doors

Whether you opt for a more classic color and a more offbeat one, the front door to your home is the first impression friends, family and neighbors have of your new home. Choosing a color, whether classic or quirky, that best aligns with the message you want to give to new visitors and the overall ambiance you want to create will guarantee a unique reception to your home.





Posted by James Conforti and Domingo Medina on 5/31/2018

Ready to purchase your dream home? Before you finalize a home purchase, it may be worthwhile to schedule a home appraisal.

With a home appraisal, a property expert will examine a residence both inside and out. The home appraiser then will offer a property valuation.

In some instances, a home offer may be appraisal-contingent. And if the home appraisal valuation falls below the amount of a buyer's offer, the buyer may request a renegotiated price.

A home appraisal may prove to be an important part of the homebuying process. As such, it is paramount for homebuyers to understand what an appraisal is all about and determine whether to conduct an appraisal.

To better understand home appraisals, let's take a look at three home appraisal facts that every homebuyer needs to consider.

1. An appraiser's valuation is his or her opinion of what a residence is worth.

Typically, a home appraiser will use a broad assortment of housing market data as part of a home assessment. The appraiser also will look closely at a residence as part of the home evaluation process.

Although a home appraisal is based on housing market data and a home assessment, it is essential to note that a home valuation is an appraiser's opinion. Therefore, two home appraisers may examine the same housing market data and the same house and come up with two different home valuations.

2. The homes in a neighborhood may affect the valuation of a residence.

Believe it or not, a home's value may be impacted by those around it. Thus, if you intend to buy a home, it often pays to evaluate the neighborhood to better understand whether a house's value will decline, stay the same or increase over time.

Furthermore, what you spend to improve a house is unlikely to raise a house's value proportionately. And if you spend $20,000 on home improvements, there are no guarantees that these home improvements will add $20,000 to a home's valuation.

3. A home appraisal and a home inspection are two very different things.

A home inspection often is considered a must-have during the homebuying process, and perhaps it is easy to understand why.

During a home inspection, a property expert will ensure there are no structural issues with a home and identify any problem areas. Then, a homebuyer can move forward with a home purchase, rescind a home offer or submit a counter proposal based on a home inspection report.

On the other hand, a home appraisal enables a property expert to evaluate the house in its current state. A home appraiser will compare and contrast a home in relation to others in the area and offer a valuation.

If you need help determining whether to conduct a home appraisal, a real estate agent is happy to assist you. With a real estate agent at your side, you can determine whether to set up a home appraisal prior to finalizing a home purchase.




Tags: Buying a Home   appraisal  
Categories: Buying a Home   appraisal  




Tags