Up Your Game With a Stylish Home Bar

Up Your Game With a Stylish Home Bar

If you love to entertain, carve out a stylish corner just for drinks. Even if you’re short on space, here are 5 basics to get the party started.

You can always forgo a dedicated home bar, but what’s the fun in that? If you love to entertain, carve out a stylish corner just for drinks. Even if you’re short on space, here are 5 basics to get the party started.

Go on Wheels

Wheel your drink supplies around on a handy bar cart that can be rolled to the middle of the action or tucked away in a pantry once the party’s over. They come outfitted in every style and include storage to hold your drinks, glasses and garnishes. You can install stemware holders underneath the top shelf, make room for a small ice bucket up top and load the rest of your supplies on the bottom shelf. Invest in one with folding sides if you need extra countertop space to chop limes or mix cocktails.


Dedicate a Cabinet

If you have one (or two) kitchen cabinets that act as placeholders filled with random knick-knacks, empty and devote it to a mini home bar. Line the inside with hooks and racks to hold martini glasses and add rows of shelves to hold your favorite drinks. If space allows, you may also want to get a sink or mini refrigerator to help with the prep. This cabinet can be opened up to be the star of the show or simply hidden away behind closed doors.


Keep it Front and Center

Oftentimes the best solution is the simplest. If you’re really tight on space, revisit an overlooked spot in your home. If you have a spare wall in the kitchen, dining or living room, install a few rows of open shelves to store supplies. You can even make it work with just one shelf if you store wine and liquor up top and hang glasses upside down below.

Alternatively, glam up and repurpose a simple serving tray to stash your supplies and leave it stationary on a sideboard or credenza. Add a fun piece of artwork or sign above to make it stand out to house guests.


Build it Into a Nook

If you’re in the opposite situation and have some room to spare, build out a home bar. If you have an awkward nook or extra space in a hallway, consult a professional for a custom job. This area creates a special place to store and serve drinks closer to living and lounge spaces, and it doesn’t interfere with any other household tasks or duties. Add a luxury or two to this space, such as a wine fridge to keep drinks cool, a sink for washing glasses and storage space to hold mixers, garnishes and glasses.


Choose Your Accessories Wisely

Regardless of which setup you have, style it with the right accessories to set the mood for the party. If your space is limited to a mobile serving cart or tray, pick statement drinking glasses and decor with glamorous gold accents. For more defined spaces, match your fixtures, lighting, wallpaper and seating. If it’s near the living or dining area, you’re all set on seating; otherwise pick out stylish bar stools to match your aesthetic.

for more great ideas, check out my Home Bar Ideas Pin Board on Pinterest Here!

Source: Sharon Lee/ CB Blue Matter

Posted on December 24, 2017 at 7:40 pm
Elizabeth Corvello | Category: lifestyle, Recipes and Food | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Fall Weekend Guide to Napa Valley

Fall Weekend Guide to Napa Valley

The weather is getting cooler, the leaves are changing into beautiful shades of red and orange and wine country is calling. Fall is one of the best seasons to plan a weekend trip to see all that Napa Valley has to offer. This area has hundreds of wineries that attract millions of visitors each year. Still, this region of California has more to offer than wine. There are plenty of outdoor adventures, relaxing spas and shopping areas to make for a busy trip.

Visitors to Napa Valley can leave the car behind and try an alternate way of getting around. The Calistoga Bike Shop offers both rentals and tours of the area. People looking to go on their own adventure can look to the shop for advice on which places to check out. Rentals start at $28, and helmets, locks and rack bags are included. Ride through Sonoma County on horseback for a unique way of experiencing the natural features of the area. Stables pair riders with gentle horses for trips all year long. One option is riding through wine grapes, apple trees and towering oak groves at Rollin F Ranch. Or people can take the seaside route, riding past the sand dunes along the Sonoma coastline.

People can get a taste of history while traveling through the region on the Napa Valley Wine Train. The rail cars on the train have been restored to their original glory dating back to the early 1900s. Couples can plan trips with an intimate dinner as the stars shine overhead. Or people can put their sleuth caps on and solve the murder mystery dinner. The Santa Train is also a family favorite. Leave the ground behind altogether and tour Napa Valley through a hot air balloon ride. Imagine rising up above the vineyards as the fog clears and the sun rises just over the hills. If this sounds like a perfect start to the day, then make a reservation for this unique tour. Many companies offer champagne mimosas and breakfast after the trip as well.

Take a night and enjoy live music or a film on the big screen. Silos Jazz Club is an intimate space where visitors can listen to rock and blues while sipping local wines. This venue has performances nearly every night. Upcoming acts include the Second Street Band, jazz pianist Mike Greensill and surf rocker John Wheeler. The Cameo Cinema is an elegant theatre that shows both independent and studio-released films. This theatre dates back to 1913, and it has since seen serious upgrades both in 1996 and in 2009. Visitors rave about the theatre’s sound system and seriously cheap popcorn.

Those looking for heart-pumping action should head to the Sonoma Raceway for NASCAR. This track hosts one of the Monster Energy NASCAR Cup Series races, which takes place on a road course. Other events at the raceway include the Verizon IndyCar series, the NHRA Mello Yello Drag Racing series and motorcycle races by the American Federation of Motorcyclists. Video game enthusiasts might recognize the track. The track first appeared in “NASCAR Racing” in 1994 and has since shown up in several other racing games.

At least a half-day of the weekend trip in Napa Valley should be dedicated to a quick Sacramento trip. Just an hour’s drive away, the city dates back to the rough and tumble Gold Rush era. Visit Old Sacramento for a taste of history from the Wild West. Sacramento is the capital of California, and people can explore the origins of the state at the stunning State Capitol Museum. The city is hugged by two rivers, the Sacramento and American River. Visitors can rent a kayak or grab a fishing pole and enjoy a nice day on the water. Great weather makes going to the Drive-In theatre a great activity all year long. Catching a movie there won’t break the bank either, tickets are priced at $7.95 for adults and $1.25 for kids ages 5-11.

Relax after a long day at one of the various spas in Napa Valley. Dr. Wilkinson’s is a hot springs resort that has helped Californians unwind since 1952. Their signature service is the mud bath. The mud is mixed with volcanic ash and lavender, and it cleanses the skin while visitors sit back with cucumbers to cool the eyes. Mud baths end with a 30 to 60 minute massage by their expert staff.

Try some of California’s freshest produce at Oxbow Public Market. This 40,000 square foot area has a mix of food vendors and cafes along with an outdoor deck that provides views of the nearby Napa River. Indulge the sweet tooth at Anette’s Chocolates. Enjoy a freshly baked loaf of bread from The Model Bakery. Or sort through the hundreds of spices at Whole Spice to find the perfect accent to a meal.

Come for the wine and stay for the adventure for a memorable weekend in Napa Valley.


Source: Jeremy Alderman

Posted on November 8, 2017 at 8:53 pm
Elizabeth Corvello | Category: lifestyle, local | Tagged , , , , , , , , , , , , , , , , , ,

What is an HOA?

What is an HOA?

It’s important to learn more about the neighborhood HOA, such as annual dues, community amenities, and restrictions when looking to buy a new home. The goal of the HOA is to help maintain home values and the overall aesthetics of a neighborhood.

When looking for a house, many buyers tend to take into account costs associated with owning a home such as insurance, utilities, and taxes. One thing buyers may not think to consider is whether the house is in a neighborhood with an HOA, what the dues are, and how the association is run. Many buyers may be aware of association dues and regulations in multi-family developments such as condos or townhomes. But, it’s becoming a new normal to find HOAs in developments with single-family homes



What is an HOA?

There are different definitions out there for a Homeowners’ Association and many operate differently from one another. A Homeowners’ Association, or HOA, is an association that works to maintain and oversee the common areas of a neighborhood or property complex. It’s fairly common to find them in neighborhoods that offer amenities such as a community pool, gated access, a playground, tennis courts, etc. The HOA is typically a volunteer-based board made up of homeowners living in the neighborhood. Many HOAs have committees that coordinate neighborhood events, review proposed changes homeowners wish to make to their property, enforce the covenants, and more.

Get to Know the Rules

The covenants, conditions, and restrictions are different for every HOA. Some rules commonly seen in HOAs are in regard to the overall appearance and aesthetics of the neighborhood, such as the appearances of houses and lawn maintenance. Some also have restrictions regarding street parking or where residents can park their boats and RVs. Others may deal more with coordinating neighborhood crime watches and events.

When considering a house, it’s a good idea to ask for a copy of the HOA covenants, conditions, and restrictions to get a better idea of what is allowed and not allowed in the neighborhood. It’s becoming more common for HOAs to have a website or social media page, which is a great place to learn more about the community. For example, some mandate there can be no cars parked in the yard of any house in the neighborhood. If a homeowner wants to paint the house a new color, change the landscaping, or add on to the property, the owner has to submit the proposed changes to the HOA for review and approval. The committee will review the proposed changes to ensure they fall in line with the covenants of the neighborhood. While these may seem rather burdensome or trivial, the HOA was designed to help maintain home values and the overall aesthetics of a neighborhood.

How are HOAs Funded?

Many HOAs require annual, quarterly or monthly dues. Those dues will vary based upon the size of the neighborhood and amenities. Dues are used for a number of things including maintenance of common spaces such as neighborhood entrances, playgrounds, pools, etc. In gated neighborhoods, many of the items that would normally be maintained by the city or parish must be maintained by the HOA. These items may include roads, sidewalks, and street lighting to name a few. Some HOAs will hire a property management company to oversee the collection of dues and coordinate maintenance issues.

Another thing to consider is whether the house is located in a new development. There may not be many amenities or common spaces to maintain as the neighborhood is being developed, so dues may be minimal. The developer may cover some of the associated costs while the neighborhood is still being developed. The true cost associated with running the HOA and maintaining the neighborhood may not fully come to light until the neighborhood is near completion and the developer turns the HOA over to the new residential board.

It’s important to pay the dues on time. Depending on the bylaws, late fees and interest could be tacked on to the bill and the HOA could place a lien on the property if the dues are not paid. The HOA could also foreclose on the property for nonpayment of dues.

After the Closing

Contacting the HOA should be a priority on the Post Move-in List as it is important to provide contact information to the HOA. It’s also a great time to get more information regarding upcoming neighborhood events or other ways to get involved. The HOA cannot operate without residents who are willing to give of their time.

It’s also a great idea to attend neighborhood events such as an ice cream social, an Independence Day parade, Halloween trick-or-treating, and a Christmas party. These events can serve as a great way to meet neighbors and build relationships.

It’s important to remember that the volunteers who serve on the HOA are your neighbors and friends. Like you, they want what’s best for the community. Every homeowner benefits from a well-cared for neighborhood.


Source: AMY POE

Posted on October 29, 2017 at 4:20 pm
Elizabeth Corvello | Category: get real (estate) | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

5 Fantastic Kitchen Staging Ideas for Fall

5 Fantastic Kitchen Staging Ideas for Fall

Wow fall homebuyers with these easy staging ideas from HomeAdvisor

Selling your home in the fall means adding small seasonal elements to make your home feel warm and welcoming. And, what better place to do that than in the kitchen? Here are some ideas to help you make your kitchen — and your home — appeal to fall homebuyers:

Fall counter decor

You should always keep the countertops nearly clear when potential homebuyers are walking through. In fact, you should keep it down to about two to three essentials if you’re living there from day to day. For the fall season, you can add small elements like placemats, fruit and leaf decor (window drapings, vase, etc.).

“Fall odors”

The smell of leaves, apple pie, pumpkin and cinnamon evoke the cozy feelings of fall. Candles are nice and actually baking something “fall-like” before a showing is a sure way to make potential buyers feel more at home during a showing.

Colors of fall

Depending on the current condition of your home, you might consider a fresh coat of paint. What color you decide to use may or may not be influenced by the season. While you should always lean towards neutral colors, you might consider accent walls or cabinets in browns or dark tones of red or green if you think they would work. The cost to paint an interior room is about $380, though prices will vary depending on the size of the room.

Bringing nature in


If there are windows in the kitchen, make sure to keep them clean. Depending on the weather outside during a showing, you might open them and let the fresh air in. It helps to create a flow between nature outside and the atmosphere you’re trying to create in the kitchen. If your budget allows, you might also accent the windows with fall-like window treatments to create an even easier flow. If you don’t have these treatments, a professional home stager can sometimes find them for a reasonable price.

Natural lighting elements

Lighting is an essential element of home staging, no matter the season. In fall, in particular, it’s all about enhancing the twilight or sunset and complementing of all the fall colors. For lighting in your kitchen, consider accent and track lighting. Or, you could install recessed lighting on a dimmer switch, which will allow you to control the brightness of the kitchen to complement the mood outside.

take a look at these cool fall elements from Kirklands!

Source: Andrea Davis 

Posted on October 22, 2017 at 7:24 pm
Elizabeth Corvello | Category: get real (estate), lifestyle | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Smart Pergolas Adjust to Any Weather

Smart Pergolas Adjust to Any Weather

Posted on July 31, 2017 at 6:08 pm
Elizabeth Corvello | Category: get real (estate), lifestyle | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Getting Preapproved- FAQ’s

Getting Preapproved- FAQ’s

Can I apply before I find the home I want to purchase?

Yes! When you apply in advance, we can issue you a pre-qualification letter that will affirm to the seller of the home that you are a qualified buyer. We can also help you determine a comfortable price range to look in and keep your payment within your budget.

What is a rate lock?

A rate lock is an agreement between the borrower and lender that allows the borrower to secure an interest rate range for a specified period of time. This can offer you protection from fluctuations in the market. It is your choice whether or not to lock your interest rate, your loan officer will be able to advise you on whether and when to lock.

Who do I contact if I have a question about the servicing of my loan?

If you need additional information regarding the servicing of your mortgage loan, please submit the following information in writing: your name, your loan number and the additional information you are requesting.

If you believe an error has occurred regarding the servicing of your mortgage loan, please submit the following information in writing: your name, your loan number, and the error you believe has occurred.

What are title and escrow?

Title companies act as a neutral third party during a real estate transaction by handling the transfer of funds and documents between the parties involved. As a neutral party, the title company protects both the buyer and seller by ensuring that all conditions are met for the sale prior to the exchange of funds. Title companies also offer title insurance for property owners, this provides insurance against loss due to title defects, liens and other issues.

Can I still qualify for a loan after short sale, foreclosure or bankruptcy?

This will depend on a number of factors: whether your waiting period has expired, whether you have been able to do any credit repair needed and your current income and employment situation. Contact us anytime for a no obligation, free evaluation to see what we can do for you.

How do points work?

Points can be paid upfront at closing in exchange for a lower interest rate throughout the life of the loan. One point is equal to 1% of the loan amount. Although this means you will be required to pay at closing, you will lower your payments by doing so.

By comparing the costs of the points at origination to the savings you would gain from your lowered monthly payments, you can judge how many payments it would take to recoup the money spent on the points. If, for example, you plan to move or refinance in 3 years, but it would take 4 years of payments to gain a savings from the points, then paying points would not be a good investment

How will my credit score affect my mortgage?

Your credit score is determined by a credit bureau and used to determine the likelihood that you will repay the loan, the number can range from 300-850. The amount and type of credit available to you, the balance owed, your consistency in making payments, credit inquiries and any defaults or late payments all factor into your score. You can view a copy of your credit report from the 3 major bureaus once every 12 months for free by visiting www.annualcreditreport.com

Your credit score can play a big part in qualifying for a mortgage. Depending on the type of loan you are interested in, there may be a minimum score required and your credit score will also be reflected in the price of the loan. If you are in need of credit repair we would be happy to advise you on ways to improve your score.

What are closing costs?

Closing costs are the costs incurred during the loan process. These costs can include origination fees (the charge for processing the loan paperwork), credit report fees, appraisal and inspection fees, title insurance, recording fees and underwriting fees. Depending on your loan, closing costs may also include fees for escrow deposit or discount points as well.

Typically, closing costs will be between 2 and 5% of the cost of the home. Your loan officer will provide you with a Good Faith Estimate (GFE) after you submit your loan application, which will outline the expected closing costs. The GFE is only an estimate, though, and closing costs can change during the transaction.

You may choose to pay your closing costs at the time that the loan closes, or finance them into the loan. You can also consult your realtor about the possibility of asking the sellers of the home to pay some or all of your closing costs.

Most lenders will be happy to run your information for you. Some local lenders will also help you do FREE credit repair.


Posted on July 16, 2017 at 5:23 pm
Elizabeth Corvello | Category: get real (estate) | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

RATATOUILLE Crostini with Goat Cheese and Toasted Pine Nuts

RATATOUILLE Crostini with Goat Cheese and Toasted Pine Nut

I love Summer food, especially when I can throw things in the crock pot, make enough for the week and then not get the house hot each day. This Savory recipe is just perfect for bringing together the flavors of all the beautiful summer veggies we have during this season.



This is where you can make your ratatouille to taste. I like mine spicy but my one year old doesn’t- so I make it without the heat and then sprinkle chili flakes on the finished product. I like to use:
1 Eggplant
3 Zucchini
1 can diced tomatoes (can be substituted with 1 pint cherry tomatoes- whole)
1 can tomato paste
3 large button mushrooms
2 small sweet vidalia onions
4 cloves garlic
7 or 8 mini bell peppers
3 sprigs basil
herbs de provence to taste
salt and pepper to taste ( I add at the end)
basil to garnish
toasted pine nuts to garnish
1 Baguette or Pugliese bread
goat cheese
olive oil
1 clove garlic


1. Rinse all your veggies and dice into bite size pieces

2. Combine all ingredients in crock pot and pour over the tomato paste and diced tomatoes. Cook on high for one hour, then turn to warm, uncover and allow to simmer in crock pot for another 2-3 hours.
3. When ready to serve, slice bread to 1/2 in thickness and drizzle lightly with olive oil. Place under broiler until lightly golden brown.
4. Remove from Broiler, and rub with garlic clove.
5. Spread small amount of goat cheese on each piece of crostini, then cover with warm or cold ratatouille
6. top with pine nuts and fresh basil to garnish ( I also throw on red chili flakes from time to time- YUM!)


Make the ratatouille a day in advance—it’s even better on the second day after the flavors have come together. If it’s not enjoyed all at one sitting, it keeps well in the fridge for up to 5 days.

Posted on June 19, 2017 at 9:51 pm
Elizabeth Corvello | Category: lifestyle, Recipes and Food | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

DIY Stock Tank Pool for Budget friendly Summer Fun!


DIY Stock Tank Pool for Budget friendly Summer Fun!

So maybe an olympic size lap pool is out of your budget. Yea, us too. But trending for summer fun in the yard this year is an easy DIY project that uses something from the farm & ranch supply store. Stock tank pools are the perfect plunge pool to cool off from the heat, yet take up very little space and don’t cost a lot to DIY. You can install them above ground, or dig them in. Choose galvanized metal, or poly as a liner for an unground version. Loving this fun idea!

Tractor Supply Company has a great primer on creating a stock tank pool. It isn’t quite as easy as filling a kiddie pool from the hose, but it is a simple DIY. This tutorial will give you all the basics on how to create a site, pumps and sealants.



Stacey at ‘Embracing Motherhood’ has the happiest kids on the block! They even have a video tutorial on how to make a stock tank pool!


Katie and her husband from ‘Let’s Add Sprinkles’ made this cute little oasis in their hot Texas garden for less than $300! Great DIY stock tank pool tutorial – they leveled the land and added decomposed granite for the pool “pad”. Can’t you see yourself soaking in this on a hot July afternoon?

Wanna Stay Cool? DIY A Stock Tank Pool!


Marty from ‘A Stroll Through Life’ was so inspired by the last tutorial from ‘Let’s Add Sprinkles’, that she and her family made their own stock tank pool!


‘Sew and Tell Quilts’ did an in-ground version of a DIY stock tank pool. This tutorial has lots of photos, and they also shared what went wrong to try to save you some headaches. Ahhhh!


This galvanized stock tank pool was made with gorgeous decking, from ‘Good Home Design’. The tutorial is photos only, but there are tons of great tips in the comments of this post!


Here is a DIY stock tank pool done by ‘Hot Tub Advice’ on Pinterest. No tutorial, but great inspiration on how to create your own little hideaway! (A cool one!)


This next one was uploaded by Pinterest user Rebecca, and just goes to show what you can do with the tutorials you have already seen! Great inspiration!


Another Pinterest user upload by Sara, this is cool copper looking stock tank pool!

Source: The Budget Decorator


Posted on June 19, 2017 at 9:26 pm
Elizabeth Corvello | Category: get real (estate), lifestyle | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How to Cut Down on Pool Maintenance Costs This Summer

How to Cut Down on Pool Maintenance Costs This Summer

Enjoy your pool without breaking the bank.

Pool maintenance doesn’t have to be an expensive annual chore. Rather than spending up to $700 on pool maintenance, you can cut costs by doing a lot of the work yourself. You don’t want the pool to fall into such poor shape that you have to spend thousands of dollars on repairs. Here are some steps to keep pool maintenance costs down to nearly nonexistent this summer:

#1 Use your pool cover.

Pool covers significantly reduce energy costs over time because they slow how much water evaporates. With a pool cover, your pool heater doesn’t have to work overtime to keep the water cool. And it prevents debris build-up on windy days too, so you don’t have to clean the pool as often.

#2 Run your filter at night.

Running the pool filter at night helps to cut down on energy costs while still keeping your pool clean. Some people opt to run their pool filter 24 hours a day, but this is a waste of energy and over-cleans the pool, which can cause more problems. See if there’s an optimum time to run the pool filter at night and save on your electricity bill.

#3 Clean the pool filter.

Sweet and simple: cleaning your pool filter keeps your swimming pool clear and prevents you from spending more money on other, more costly pool repairs. So just do it.

#4 Invest in an energy-efficient pool pump.

If you have a normal pool pump, it only pumps at one speed — and it wastes energy on filtration, among other tasks. If you invest in an energy-efficient, variable-speed pump, you could save more than a thousand dollars over the life of the pump. You may also qualify for an energy rebate.

#5 Keep the temperature low.

You pay more money for every degree you raise the temperature in the pool. Consider keeping the water as cool as possible while remaining comfortable. You should also turn the heater off in the off season, when you’re not using the pool.

#6 Maintain the pH balance.

You must pay attention to the chemical balance of the water — not only to keep the water safe, but to keep your costs down as well. If the alkalinity of the water is thrown off for any reason, you’re usually better off getting a swimming pool professional involved. Pool chemicals are expensive — and if you don’t get the measurements right, you’re throwing money away as you pour the chemicals into the water.

#7 Balance stabilizer levels.

While all pool owners are aware of how important it is to maintain chlorine levels, not all may realize how stabilizer (cyanuric acid) plays into the process. Stabilizer aids the chlorine in its effectiveness. Too much or too little stabilizer will result in chlorine losing its effectiveness.  Pool owners need to check their stabilizer levels and decrease or increase the amount of chlorine needed in the water to keep the pool safe.

Additional Pool Maintenance Costs:

These are quick and efficient steps to keeping your pool in shape this summer. However, there are some costs you need to keep in mind for the future too:

  • Closing the pool in the fall: $75 – $200
  • Running an automatic pool cleaner: $700 – $2,000
  • Vacuuming the pool: $50 – $100
  • Using chemicals: $20 – $100/month

If this seems like too much work for you, you can hire a swimming pool maintenance service. It will cost more, but they can do a lot of the work as part of a package, which could cost less in the long-term. Packages generally include:

  • Brushing the pool
  • Skimming debris
  • Adjusting chemical levels
  • Cleaning the pool filter
  • Vacuuming


Source: Andrea Davis, HomeAdvisor,  LINDSAY LISTANSKI

Posted on June 4, 2017 at 11:32 pm
Elizabeth Corvello | Category: get real (estate), lifestyle | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How-to Buy a Home in a Tight Market

How-to Buy a Home in a Tight Market

We all know the equation: low inventory means higher prices. Also known as a tight market, this setting can be stressful for buyers, who are trying to snap up their dream home but keep running into competition. According to the National Association of REALTORS® , attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming.

To help buyers successfully get through the buying process in a tight inventory market, NAR offers these five suggestions:

Determine and stick to a budget.

Before beginning the house hunting process, prospective homebuyers should receive preapproval from one or more lenders to verify the amount of money they are qualified to borrow. Then, after taking into account additional costs of ownership such as taxes, utilities and insurance, buyers should determine a final budget they can comfortably afford. When listings are scarce, bidding wars can drive up prices, so buyers must be prepared to walk away if the asking price surpasses their budget.

Identify desired neighborhoods and home wants versus needs.

When housing inventory is tight, buyers may need to compromise on what they believe they want from a home. Certain wants, such as stainless appliances or hardwood floors, can be added later. However, if a buyer wants to be in a specific school district or have a decent sized backyard, those cannot be addressed later and must be taken into account during the house hunting process.

Be ready to make a decision quickly.

In a seller’s market, homes rarely stay on the market long, so when a house that is in their budget and checks off all of their needs come along, buyers should not hesitate. Buyers should be ready to submit an offer quickly, or they may risk missing out on the home altogether.

Bid competitively and limit contingencies.

It is tempting to submit a low offer as a starting bid, but in a seller’s market buyers need to put forward their highest offer from the very beginning or they are likely to lose out on the home. It is also important to remember that in multiple bidding situations it is not always the highest offer that is most attractive to the seller but the one with the fewest contingencies. Removing restrictions related to the sale of a current home and being flexible with things like the move-in date can make a bid stand out to a seller.

Work with a local Realtor®.

All real estate is local, so it is important to work with an agent who is a Realtor®, a member of the National Association of Realtors®, and who is familiar with the areas and neighborhoods the homebuyers are considering. Realtors® are the most trusted resource for real estate information and have unparalleled knowledge of their communities; they can give buyers the competitive advantage needed in a tight market.

Source: Rismedia and  www.nar.realtor.

Posted on May 28, 2017 at 11:54 pm
Elizabeth Corvello | Category: get real (estate) | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,