Clifton Verdieu - The Norton Group, Inc.



Posted by Clifton Verdieu on 12/10/2017

You know that you want to buy a house, but you also don't want to break your day-to-day budget to acquire a residence. As such, you're in the market for inexpensive housing Ė something that can be tough to find in any real estate sector, at any time.

Buying a house can be difficult, especially if you're operating on a tight budget. Fortunately, we're here to help you take the guesswork out of finding an inexpensive house that matches or exceeds your expectations.

Let's take a look at three tips to help you streamline your search for an affordable residence.

1. Evaluate How Long a Home Has Been Available

When it comes to finding an affordable house, it pays to check out how long a residence has been available. By doing so, you may be able to discover a bargain, even in a highly competitive real estate market.

If a home that has been available for many weeks or months, a seller may be more motivated than ever before to accept an offer that falls below his or her initial expectations. Thus, if you submit an offer below a seller's initial asking price, the seller may accept your proposal in the hopes of getting rid of his or her residence quickly.

Of course, you should always ensure that a home offer is competitive based on a house's age and condition, along with the current state of the real estate market. Because if you submit a "lowball" proposal, a seller likely will respond with an immediate "No" to your offer.

2. Look at Fixer-Uppers

A fixer-upper is unlikely to have everything that you want in your dream house. On the other hand, a fixer-upper likely is more cost-effective in comparison to a new house.

If you're on the lookout for affordable housing, you should consider fixer-uppers. These houses may require some work, but buyers who are willing to allocate the necessary time and resources to perform myriad home repairs can transform these properties into dream homes.

3. Collaborate with a Real Estate Agent

For homebuyers who want to acquire a house without spending too much, it usually helps to hire a real estate agent. In fact, by working with a real estate agent, a homebuyer can streamline the process of acquiring an affordable residence.

A real estate agent first will meet with a homebuyer and learn about his or her homebuying goals. Then, this housing market professional can tailor a home search to complement a buyer's budget.

Let's not forget about the support that a real estate agent provides throughout the homebuying journey, either. A real estate agent will set up home showings, negotiate with a seller's agent on your behalf and do whatever it takes to help you purchase an inexpensive house.

Ready to find a cost-effective house? Use the aforementioned tips, and you can accelerate the process of discovering an affordable home that you can enjoy for years to come.





Posted by Clifton Verdieu on 12/3/2017

What Is A Foreclosure?

A foreclosure is what happens when a property owner cannot make the required monthly mortgage payments for the property loan. This lapse in payment leads to the property being seized and then sold by the bank to make up for the loan deficit.   


During the process of foreclosure, the homeowner does have the opportunity to make the loan current and avoid giving up their property. 


The Process


When mortgage payments have been missed for 3-6 months, the lender will order what is called a Notice Of Default (NOD). This is the official notice that the homeowner is facing foreclosure. This notice begins the reinstatement period where the homeowner has the opportunity to make his account current. This period lasts up to about 5 days before the home is auctioned off. 


If the defaulted loan is not corrected within 3 months, then a foreclosure state is established. At this point, a notice of sale will be given to the homeowner and it will also be posted on the property as an official document. The sale of the home is ďadvertisedĒ in local news sources, typically over a three-week period.


Where The Sale Occurs


The sale of the foreclosed home usually occurs at the local county courthouse where the property is located. The details of the sale are located on the Notice Of Sale document. The sale is conducted as an auction in public, given to the highest bidder. A cash deposit must be made up front and the remainder of the price must typically be paid within 24 hours. The winner of the auction receives the deed to the property.


The Auction


With a foreclosure auction, the opening bid is set by the lender. This starting number is usually equal to whatever the outstanding loan balance is including the interest and additional fees including attorneyís fees. If there are no bids higher than the opening bid, the property is purchased by the lender via the lenderís attorney. This makes the property known as ďReal Estate Owned.Ē 


Problems With Buying Foreclosures


One thing to be aware of when youíre considering buying a foreclosure is that the amount owed on the property can actually be more than the property itself is worth. Any liens excluding property taxes are typically voided at the time of purchase of a foreclosure, which is a slight bonus to a buyer.

 

The other issue with buying a foreclosed property is that you need quite a bit of cash up front in order to purchase the property. This is why buying a foreclosure may not be for everyone.


While no one wants to face losing their own property to foreclosure, getting a foreclosure notice isnít the end of the road for homeowners. Youíll still have a few chances to make things right. If youíre looking to buy a foreclosed property, you really need to understand the ins and outs of what youíre getting yourself into before you make a bid.





Posted by Clifton Verdieu on 11/26/2017

As a seller, you want to make the right improvements to allow your home to sell fast and at a good price. Many sellers end up making unnecessary improvements to their homes in an effort to sell. Itís important to know what improvements will actually make a difference in how your home is sold. Read on for more tips. 


What Do Buyers Expect


This is a broad question because it depends on a variety of factors. First, a buyers expectations dictates what theyíre looking for. Is a buyer looking for a fixer upper or does the buyer want a move-in ready house? What buyers see also greatly depends on a few factors including the time of year, the location of the home, how hot the market is, and how much inventory is available. Your home will sell based on what kind of real estate market climate itís in.       



Refresh Your Flooring


Buyers see the floors as soon as they get in the door of a home. Itís what either adds to or detracts from the house. Old creaky floors certainly wonít add to the appeal of your home. Itís one less thing a buyer will have to worry about before they move into a house, making it a great improvement. 


Carpets


In the same realm as flooring, you should be aware of the quality of your carpets. Do they need to be ripped up? Should you have your carpets professionally cleaned? If you have simple carpets over hardwood floors, this isnít much of a concern. Wall-to-wall carpeting is where this is a major concern. 


Upgrade Appliances


Upgrading your appliances will always be worth your investment. Buyers love to know that a home is equipped with exactly what they need and ready for them when they move in. No one wants to buy a home knowing that the dishwasher or oven may need to be replaced at any moment. 


Refresh The Walls And Ceilings


Putting a new coat of paint on your walls and ceilings will be very attractive to buyers. You want to avoid buyers seeing things like smoke and grease stains. The wear and tear of everyday living can cause scuffs and scratches to occur on the walls. Fresh paint can really help to fix these cosmetic details.


The same thought process applies when it comes to wallpaper. If your wallpaper is old and tired, you may want to take it down and either replace it or paint the walls. Steering away from wallpaper may be the best practice, but if you canít avoid it at least replace it. 


Remember that buyers want to see themselves in the home. Personal style touches usually arenít the best way to go when it comes to prepping your home. The more neutral and basic the changes you make, the better. 






Posted by Clifton Verdieu on 11/19/2017

Tired of living in the big city? No worries, as there is plenty of demand for residences in cities across the United States.

As a home seller, it is important to learn about a city's housing market. By doing so, you can understand what to expect before you list your property.

Ultimately, selling a home in the city can be a quick and simple process. Here are three tips to ensure you can add your residence to a city's real estate market and maximize the value of your house.

1. Check Out Comparable Residences That Are Currently Available

How does your home stack up against other houses in a particular city? Review comparable homes that are currently available, and you may be able to find ways to differentiate your residence from the competition.

Remember, an informed home seller understands the ins and outs of the local housing market. This individual will learn about his or her property's strengths and weaknesses, and as a result, discover ways to transform assorted home weaknesses into strengths.

Emphasize your city home's interior and exterior as you search for ways to enhance your residence. A clean, uncluttered home interior will make it easy for homebuyers to envision what life would be like if they purchase your house. Meanwhile, a dazzling home exterior will ensure your residence can make an unforgettable first impression on homebuyers.

2. Establish a Competitive Price for Your House

A competitive price can make a world of difference for home sellers in a big city. In fact, a home seller who prices his or her city home aggressively from the get-go may be able to streamline the home selling process.

To determine a fair price for a city residence, assess the prices of recently sold houses in your city. This housing market data will help you determine whether the current real estate market favors homebuyers or home sellers.

Also, don't forget to complete a home appraisal. This home evaluation will enable you to receive expert insights into problem areas throughout your home that you can correct before you list your residence.

3. Collaborate with a Real Estate Agent

A real estate agent is happy to serve home sellers in any way possible. This real estate professional knows what it takes to sell a city home and will allocate the necessary time and resources to promote your residence to the right groups of homebuyers.

With a real estate agent at your side, you should have no trouble stirring up plenty of interest in your city home. A real estate agent will set up home showings and open houses, promote your residence on social media and much more. Perhaps best of all, this real estate professional will respond to your home selling queries at any time.

Don't leave anything to chance as you prepare to sell your city home. Use these home selling tips, and you can increase the likelihood that you'll be able to maximize the value of your residence.




Categories: Uncategorized  


Posted by Clifton Verdieu on 11/12/2017

There are several compelling reasons to have a dog as a family pet. They give their owners unconditional love, their protective instinct helps keep your family and home safe, and they're great walking or jogging companions. If you love dogs, then your home probably does not feel complete without one. However, dog ownership is not for everyone, and careful thought should be given to the pros and cons of bringing a dog into the family. Here's an overview of some of the issues to weigh when your kids are begging you to buy them a puppy.

  • Is your family's lifestyle compatible with dog ownership? Dogs are very social animals, so if everyone is too busy to train, walk, and play with a new pet, then your pooch might not receive the attention they need to thrive and be happy. Dogs that are frequently bored or lonely tend to acquire some undesirable habits, such as chewing on furniture or barking incessantly. Dogs also need to be groomed regularly, taken to the vet's for periodic shots and checkups, and given preventative medicine for ticks, fleas, and other parasites. Some dog breeds are considered to be higher maintenance than others, so it pays to do your research before deciding whether to take on the responsibility of dog ownership.
  • Does anyone in your family have allergies to dogs or cats? Roughly one in ten people in the U.S. do have pet allergies, so it could be a potential problem. According to the American College of Allergy, Asthma & Immunology, dogs produce allergens that are found in their hair, dander, saliva, and urine. Symptoms of a dog or cat allergy can include sneezing, running nose, coughing, wheezing, hives, rashes, or watery, itchy, red eyes. If might be impractical to have a dog living in your house if a member of your family has a pet allergy. The good news is that there are some dogs that are less likely to cause allergic reactions than others, including the following breeds: Bichon Frise, Maltese, Poodle, Schnauzer, Irish Water Spaniel, Portuguese Water Dog, Afghan Hound, several types of terriers, and a handful of other family-friendly dogs. The American Kennel Club is a good source of information on dogs, including ones that have non-shedding coats and produce less dander.
  • Dogs that were bred in less-than-humane conditions and were removed from their mother prematurely may be fearful, neurotic, and have behavioral problems. Buying puppies through reputable, local breeders rather than pet stores that may be associated with large-scale "puppy mills" is usually a wiser approach to adopting a dog. There are plenty of pet stores that sell healthy, well adjusted puppies, but it's always good to shop around and make informed decisions.
  • Large, rambunctious dogs can be playful and friendly, but aren't aware of the effect they can have on their human friends. If you have very young children or elderly relatives in the house, an overly exuberant, large dog might not be the best match for your family. If you do have a big dog, one of the first orders of business would be to teach them not to jump on people.
While dogs can be a wonderful addition to the family, dog ownership is a commitment that has one thing in common with marriage: It shouldn't be entered into lightly!







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