N.B.Taylor & Co., Inc. Realtors



Posted by N.B.Taylor & Co., Inc. Realtors on 8/13/2018

There is a lot that goes into the buying and selling of a home Not only are there many steps to take but it can feel like there is a report for everything. Itís easy to forget what they are or why they are necessary.

Three processes that seem similar to home buyers are the home inspection, comparative market analysis, and the appraisal.

Hereís what each them is and how they are different:

First, letís look at the home inspection.

The home inspection

What it is:

This is probably the one you are most familiar with and have heard the most about. During a home inspection, an inspector is paid to come and test all of the appliances, outlets, plumbing as well as the heating and cooling system.

What this information is for:  

This information is for you the buyer, It is to help make a well-informed decision as to whether the investment you are making is worth the current state of the home. Whether there be repairs that will have to be made or replacements that will need to happen down the line.

The custom market analysis or CMA

What it is:

A sales report your real estate compiles using data they have exclusive access to. This data is compiled into a database used solely by other real estate agents.

What this information is for:

A CMA is used by you and your agent to determine if an asking/selling price is fair. Youíll be able to compare the pricing to other listings and conclude whether it is higher, lower or on par with other offers. This is incredibly useful no matter which end of the spectrum you plan on selling or buying.

An appraisal

What it is: A licensed appraiser comes to visit the home and inspect it solely for value. This is determined by the location, state of and surroundings of the home. Your potential home will be compared to other similar properties in the area to come to a conclusive value.

What this information is for:

The final approval of your mortgage terms by your lender. If the determined value is much lower than your offering price you can be declined a mortgage.

As you can see, each of these processes has varying impact on the final purchase of your home. The information obtained from a home inspection is up to solely your discretion. That gathered from the CMA helps you to determine where the asking price of a home is sitting in comparison to others on the market. And in turn, whether youíve got a really great deal on your hands or an inflated price. And lastly, perhaps the most important is the appraisal. The information gathered from this process is what your lender uses to determined whether or not to lend you the requested amount.




Tags: home inspection   appraisal   cma  
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Posted by N.B.Taylor & Co., Inc. Realtors on 8/6/2018

If budgeting isnít your thing, youíll be glad to discover that itís quite simple. Thereís a way to categorize your spending and save money easily. If you learn the rule, it will become so automatic that you wonít even think about it. If youíre saving money for a home, this practice will be essential. Break your budget down into three categories: 


  • Living expenses
  • Financial goals
  • Personal spending


Half of your budget should go towards living expenses. This number includes all of the essentials like rent or mortgage, utilities, groceries, commute costs, and insurances. 


20 percent of your income should go towards other financial goals like savings, investments, or paying down debt. Credit card bills, student loans, and other bills would fall under this category. This category is also where youíd save for your down payment, closing costs, and other expenses. This percentage can be adjustable depending on how much debt you have or how much you need to save for retirement. 


The remaining 30 percent of your income can go towards personal spending. This category includes everything that you use your money for but isnít a necessity. This percentage is also flexible. If your lifestyle doesnít require you to use all 30 percent each month, you can indeed save more money.


A Clear Plan 


These categories simplify your budget. Even if you make some adjustments to the numbers, the outline truly makes budgeting easy even for the most scatterbrained among us. It allows you to see where your money goes clearly. It also works no matter what kind of living situation you have.


The great thing about this budgeting plan is that you have some future needs built into it. Many times, when we budget, we think of our immediate needs and our shorter term goals. Saving for any occasion can never happen too early. You are able to not only focus on your current goals and the future.   



Steps


First, determine your monthly income. This number is how much money you take home after taxes. From here, youíll be able to split your money into categories by percentages. If your income fluctuates frequently, youíll need to take an average of your monthly income to determine your numbers. 


Next, you should take a look at your spending habits. These include everything from your morning latte to your monthly rent payment. From here you can make adjustments. Perhaps you need to look for a less expensive apartment. Maybe you need to cut down your weekly pizza to a bi-monthly purchase. Whatever you see in your finances, a simple percentage rule gives you the tools you need to become a saver and be well on your way to the purchase of your first home.     





Tags: budgeting   saving money  
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Posted by N.B.Taylor & Co., Inc. Realtors on 7/30/2018

According to recent data, allergies affect up to 30% of adults and 40% of children in the United States. Over-the-counter medications can provide some relief, but allergies persist and are a source of discomfort and annoyance for many of us.

One place we can all agree should be a place of comfort and relaxation is our homes. However, allergies are at their fiercest in most homes from dust, pets, pollen, or even mold.

In todayís post, weíre going to talk about some common household allergens and how to protect your home against them.

Safeguard your home against mold

Mold is gross at its best and dangerous at its worst. Caused by excess moisture, the most important thing you can do to prevent mold in your home is to identify areas that are at risk.

Bathrooms, basements, and around faucets are all prone to water damage and mold. Usually, the best intervention to take is to provide proper ventilation. A well-ventilated room dries out quicker and prevents mold from growing in the first place.

Many surfaces in your home, such as wood, drywall, paper, and cardboard are all susceptible to mold growth. Use a mold-inhibiting paint to prevent the mold from growing in the first place.

Prevent indoor pollen

Protecting your home from pollen is trickier than you might think. Most of us like to open doors and windows in the summer time to let fresh air in. The problem? We inadvertently let the pollen in as well.

There are a number of ways to decrease pollen inside of your home. Using HEPA complaint filters in your home and vacuum cleaner can help.

Vacuuming often and emptying the vacuum outside can also have an impact on reducing pollen indoors.

Defend against dust mites

Arguably the nastiest item on the list, dust mites feed on dead skin and love warm temperatures and moderate humidity. This makes the interior of your home the perfect place for dust mites to thrive.

Frequently washing your bedding, dusting your home, and vacuuming with a HEPA certified filter are among the best things you can do to help reduce dust mites in the home.

Protecting against pet allergies

The most important thing you can do to prevent pet allergies is to make sure you arenít allergic to a pet before bringing them into your home. However, if an allergy does arise, it can often be managed with the use of air and vacuum filters and a strict cleaning regimen.

Some people who suffer mild pet allergies are able to cope with them by simply making their bedroom a no-pet zone and keeping up with cleaning.

Finally, keep in mind that outdoor pets can often bring in pollen from outside. So, when letting your pets in the home in the spring and summer time, try to give them a quick brush down.




Tags: allergies   owning a home  
Categories: Uncategorized  


Posted by N.B.Taylor & Co., Inc. Realtors on 7/23/2018

Whether new or old, many homes can have issues that arenít obvious from photos. Many of the most common problems in a home have to do with the plumbing system. Since water can be so damaging, itís especially important to get these issues out in the open prior to sale.

Some sellers might be aware of their plumbing issues, others may have no clue at all. Oftentimes, if a home was previously occupied by only one or two people who didnít entertain many guests, they may not be aware of the strain that a larger family could have on things like the septic system.

In this article, weíll cover some of the most common plumbing issues that a home has and help you identify these issues before you buy a new home.

The small fixes

Letís start with some problems that are common and simple to address. When touring a home or performing an inspection, test all of the homeís faucets. Dripping faucets might not seem like a big issue, but the cost of wasted water can add up on your utility bill.

Leaking pipes are another issue that is seemingly harmless, but can lead to bigger problems that could cost thousands of dollars to repair. Check ceilings, floors, and underneath cabinets for signs of water damage.

Flush the toilets in the house to see if they continue running. Toilets that continue running water is often a simple fix, like replacing the chain or flapper in the tank. However, a leaking toilet could be symptomatic of a bigger problem that could include having to replace the toilet.

Sewer line and septic systems

Ask the owner about the history of the sewer or septic system. Find out if theyíve had problems recently and when the last time they were taken care of. If there is a septic tank or field on the property, look for signs of issues such as the grass having been dug out, water pooling in the yard, or foul smells in the area.

When it comes to septic and sewer issues, always reach out to a professional. They will be able to give you an accurate assessment and estimate of costs.

Inspect the pipes

Spot-checking the pipes in the home will tell you a lot about the state of the plumbing. Pipes that are old, worn, and lacking insulation are signs that plumbing issues could be coming. Rust is a major red flag. The water lines that lead out of the house for lawn faucets should also be wrapped to avoid freezing in the winter months.

Hot water heater

Just like the septic system, youíll want to ask about the history of the homeís hot water heater. If itís over ten years old, you might have to replace it soon after purchase.

You should also consider the size of the hot water heater. Youíll want to be sure it can accommodate your expected water usage. If children are in your future, having a bigger hot water heater might be something you want to plan for to avoid cold showers in the morning.





Posted by N.B.Taylor & Co., Inc. Realtors on 7/16/2018

Let's face it Ė you're tired of your current living situation and are ready for a change. Luckily, there are many homes available in your area Ė you just need to find a residence that fits your needs and budget. The homebuying process sometimes can become time-consuming and exhausting, but we're here to help you take the guesswork out of finding a residence and ensure you can discover your dream home quickly and effortlessly. Here are three tips that you can use to speed up the homebuying process: 1. Get Pre-Approved for a Mortgage. Why should you look at homes you cannot afford? Instead, you can get pre-approved for a mortgage and search for residences that suit your budget perfectly. Many lenders are available that offer financing for homebuyers nationwide. As a result, you may be able to evaluate a variety of lenders to ensure you're able to get the lowest interest rate on your mortgage. Before you begin your home search, get pre-approved for a mortgage Ė you'll be happy you did! And remember, if you are pre-approved for a mortgage, you may be able to improve your chances of a home seller accepting your offer over others (i.e. from homebuyers who still need to get financing) as well. 2. Employ a Home Inspector. After you submit an offer for a residence, you'll want to hire a home inspector who can evaluate this property to the fullest extent. A home inspector serves as an unbiased third-party who possesses the experience and know-how needed to evaluate a residence. Therefore, this inspector will be able to identify any problem areas before you buy a house. With the right home inspector at your side, you can boost your chances of finding the right home without delay. This inspector will empower you with the insights you need to make an informed homebuying decision, one that could deliver significant benefits both now and in the future. 3. Work with a Real Estate Agent. Although you'd like to find a home as quickly as possible, you may lack the time and resources needed to fully review the real estate market. By hiring a real estate agent, however, you can streamline the process of exploring the real estate market in your area. A real estate agent will collaborate with you, learn about your wants and needs and provide information about residences that match your preferences. This professional can even set up home showings and keep you up to date about open houses in your area. Thus, your real estate agent serves as a dedicated housing market resource and will do everything possible to ensure you can find the perfect home. You'll likely discover a broad assortment of real estate agents available in cities and towns across the United States. And to find the right real estate agent, you'll want to meet with this professional and make sure you're comfortable working with him or her as you embark on your search for your dream residence. Take advantage of the aforementioned tips, and you should have no trouble accelerating the homebuying process.




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