Revisions to the tricky Form 22B: Buyer’s Home Sale Contingency Addendum

Catch up on the latest changes on “Form 22B: Buyer’s Home Sale Contingency Addendum” with Annie Fitzsimmons on this week’s Legal Hotline.

Brentwood Home Buyer

Considering A Move In Brentwood? Hiring the right real estate agent will save you time and money. Call the right agent … Patrick Higgins – Keller Williams Realty 615-682-1718.

Northern Virginia Real Estate Agent:Your First Move as a Home Buyer in Northern Virginia

Most people think that to begin a home search, they have to go online and look at homes. This is actually the worst thing that you can do. Why look at homes when you don’t know what you can afford? It doesn’t make a lot of sense to us, either. Watch this video to learn the first steps you need to take when buying a home in Northern Virginia. – http://kimbarbergroup.realgeeks.com/blog/simple-steps-towards-homeownership-northern-virginia/

Buying a home? Check out our free home search:
http://www.kimbarbergroup.com/buying

Selling a home? Check out our free home value report:
http://www.kimbarbergroup.com/home-valuation

Kim Barber | Century 21 Redwood Realty
44095 Pipeline Plaza Suite 300 | Ashburn, VA 20147
703-338-0872 | Kim@KimBarberGroup.com

Home Buyer Brothers

Home Buyer Brothers sing happy birthday to Jenna

Project delays: Legal remedies

In our legal corner, we address some of the key legal options available to the home buyer in case of project delay.

Watch full video: http://www.ndtv.com/video/property/promising-destinations-in-noida-gurgaon-faridabad-and-mohali-414336?yt

Download the NDTV news app: https://play.google.com/store/apps/details?id=com.july.ndtv&referrer=utm_source%3Dyoutubecards%26utm_medium%3Dcpc%26utm_campaign%3Dyoutube

York County Housing Freeze + 1st Time Home Buyer Tips! Stephen Cooley & Julie Storm

Join Stephen Cooley from the Stephen Cooley Real Estate Group with Keller Williams and Julie Storm as they discuss the preliminary approval of the York County Housing Freeze, as well as tips for 1st Time Home Buyers. Tune in to channel CN2Xtra 103 or 1103 on Saturday mornings to view the full show with a showcase of our available listings. The show also airs throughout the week.

Great listing photos of your home for sale are a requirement not a bonus.

Camera gear doesn’t guarantee good listing photos. Planning does.

professional photographer for real estate listing photo

There is this urban legend that if a real estate agent buys the right camera, all they have to do is point it at something and press a button, and the end result will be a professional-quality photograph.

I almost always want a better camera, a shiny new lens and maybe a nicer lightweight tripod. It’s easy to spend an entire commission check for selling a small condo — and more — on basic photography equipment.

excerpt from Teresa Boardmansarticle on Inman

 

If you are going to list your home for sale you will need to do everything to make sure your home is presented to potential buyers in the best way possible. Buyers will see you home photos online before making the choice to see it in person. Tech nology is a great thing but buying the TECH TOOLS is not a simple fix: you have to know how to use them.

If you Real Estate Agent takes pictures and you don’t like them ask for new photos to be taken or ask for them to hire a professional photographer in you area.

The Home Search Process. How buyers find homes.

The Home Search Process 2004 – Internet is more important for Realtors now than it ever has been.
Looking at the interactive graph here, there is an obvious increase of people who started their home search online. Indeed, the share of people using the Internet has increased by 28% since 2004. In 2013, 48% of first-time home buyers and 40% of repeat home buyers used the Internet in their home search process.homebuyer graphReal estate agents are mostly preferred by first-time homebuyers for their initial housing search. Especially last year, there was an increase of the first-time home buyers who asked for the services of a real estate agent. This trend shows how increasingly important is the role of real estate agents when there is limited inventory on the market.

Hover over the line graph to see the distribution for each one of the types of home buyers. If you are interested in a particular type of home buyer, please tap on it (see list on the top right corner of the dashboard).

 

See Original Article and very detailed graphs.

How Long Does It Take to Build a House?

 

The 2012 Survey of Construction (SOC) from the Census Bureau shows that on average it takes about 7 months from obtaining a building permit to completing a new single-family home. Looking at the houses completed in 2012, houses built for sale, on average, register the shortest time from permits to completion – between 5 and 6 months. Houses built on owner’s land take longer – about 8 months if built by a contractor and more than 11 months if they are owner-built (i.e., where the owner of the land serves as a general contractor). Single-family homes built for rent take, on average, between 8 and 9 months from permits to completion.In most cases, no time is wasted from the moment a permit is obtained and construction is started. Most homes built for sale and on owners’ land are started prior or within the same month as authorization. Houses built for rent, on average, register a slight delay of one month before construction is started.The time from permits to completion varies across the nine Census divisions. New England and Middle Atlantic register longer times of between 9 and 10 months. Pacific and East North Central division also show above average time of 8 months to completion. Builders in the East South Central Division manage to complete a home in 7 months, on average. The rest of the country registers times between 5 and 6 months.

time_to_build

For houses built for sale, the SOC also gathers information on sales, registered at the time when a buyer signs a sale agreement or makes a deposit on the home, not the final closing. For new single-family homes sold in 2012, the average time from completion to sale is under one month. However, this average is highly skewed by a relatively small number of homes that are not sold prior or while under construction. Looking at new single-family homes completed in 2012, more than three quarters of these properties were sold before or during the completion month, including 30 percent that were pre-sold (i.e., sold before being started). Only 6 percent of homes completed in 2012 remain unsold as of the first quarter of 2013. So, for most new single family homes there is no additional lag from completion to sale.

See Original Article

Preparing for a Home Inspection, What should sellers do to help?

By David R. Leopold

We see it every day. Sellers who don’t take the time to ensure a smooth home inspection and who pay for it in the long run. A little preparation can ensure sellers have great home inspections.

Home inspectors typically arrive 30-45 minutes early to the home inspection appointment so that they are professionally set up and ready to go when you arrive. I can’t tell you how many times I’ve been greeted at the door a half hour before everyone is set to arrive by a person who looks as if they’re freshly out of bed.

If a seller does this, he’s about two hours late for his presentation. On inspection day, the house should be empty of the owners and their presence. In fact, everything should be just like it was on the initial viewing day. Be ready for inspection day by getting up and out of the house an hour before the appointment. The home should also be clean and pets should be removed or crated.

If something isn’t working properly, don’t try to hide it. We will find it. Buyers get very suspicious when sellers deliberately try to conceal defects. They immediately see you as dishonest and wonder what else you’re hiding. It’s not worth losing their confidence over a trivial defect. Just leave a note: “We know about it and we’re getting it fixed.”

In addition, make sure the location of attic and crawlspace hatches are identified and are easily accessible, as home inspectors hate moving your stuff.

If the hatch is in a closet, remove any clothing that is hanging directly under the hatch as well as anything on the floor. Your home inspector doesn’t want to move your smelly sneakers.

It’s also important to check every area of the house for blown light bulbs. This includes the crawlspace, attic, garage and furnace room. We don’t want to waste time determining if a fixture is inoperable or simply has a blown bulb.

Do you have a septic system or a well buried in your yard? If so, make sure you leave a sketch of the locations. There’s nothing worse than a group of contractors, home inspector, buyers and their REALTOR® wandering around a yard needlessly, searching for something you know the exact location of.

Lastly, please don’t leave your dirty laundry in the washing machine or dryer. We have to test these appliances and we don’t want to pull your dirty underwear out of the washer in front of everybody. Also, make sure your oven and stovetop are clear and clean so that we can easily test them without setting off the smoke alarm.

Some of these items may seem like REALTOR® 101, but I’ve noticed over thousands and thousands of home inspections that only the most successful REALTORS® pay attention to these details. Help your seller help themselves—and you—get ready for inspection day.

By David R. Leopold is the owner of Pillar To Post Home Inspection located in Fairfield County, Conn.

For more information, visit www.pillartopost.com

Do you need a checklist for your Home Inspection