5 Tips on ‘Techorating,’ the Latest in Home Decorating

5 Tips on ‘Techorating,’ the Latest in Home Decorating
By Joan Morris
RISMEDIA, June 17, 2009-(MCT)

The latest thing in decorating is combing interior design with technology,  thus “techorating.” Doug Wilson, a well-known designer on TLC’s “Moving Up” and “Trading Spaces” offers tips on how to pull it off. Wilson also serves as a techorator for LG. He offers the following:

1. Stay focused. Don’t try to tackle a full house remodel all at once. Pick one or two rooms that you think would best benefit from an update and start there.

2. Pick a focal point and begin your efforts from there. If you are working with a larger living space, remember not to go overboard with one particular theme, pattern or technology. With just a few integral pieces, the room can be made to feel spacious, yet comfortable.

3. Consider the space. Remember, the size of your room matters, but bigger isn’t always better. The technology in your room should be in proportion to the room for the best aesthetic and functional fit. Look for the best integration over size.

4. Keep a clean design. With the TV, speakers, DVD players and more, people today need to practice cord control. New technology and a few easy steps make it easy to maintain a cleaner, more organized look. Go wireless to give your living space a crisp, modern feel.

5. Donate your old TV and bring in a new flat-screen for an instant style upgrade. Tabletop or wall-mounting for a flat screen can add space to your room and streamline the look and feel.

© 2009, Contra Costa Times (Walnut Creek, Calif.).
Distributed by McClatchy-Tribune Information Services.
Source:  http://rismedia.com/2009-06-16/5-tips-on-techorating-the-latest-in-home-decorating/#ixzz0JA0z4Bbt&D

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5 Pro Tips Designed to Help You Move

By Nara Schoenberg RISMEDIA, June 16, 2009-(MCT)-

How hard is it to move all your worldly possessions from one home to the next? So hard that even Clive Pearse of HGTV can get it wrong.

“I’m a bit of a hoarder, and-spectacularly-when I moved from England in 1997, I packed up an entire house of rubbish and brought it with me across the Atlantic,” says Pearse, who hosts “Designed To Sell.”

“I should have got rid of it and saved money.”

Also in the bad news column: “The average American will move 12 times in a lifetime. A lot of people feel like they’ve moved 12 times after doing it once.”

But enough with the doom and gloom! Our favorite trans-Atlantic trash-hauler is here with five ways to lighten your load, both literally and figuratively. Or, as he puts it, “A man gives tips after he’s learned the hard way, huh?” Hey, whatever works.

1. Don’t move it if you don’t want it. “People pay a lot of money to move all the clutter they don’t want or need,” Pearse says. Instead, identify the unwanted items and get rid of them in a garage sale. If that’s too much work, consider donating the discards to a charity.

2. Packing material at your disposal. Save money and environmental resources by using free and recyclable packing materials. Many large supermarkets will give away boxes for free. If you have time, start hoarding newspapers and junk mail. Use the newspapers to wrap fragile items. Shred the junk mail to make a great green replacement for bubble wrap.

3. Surf for techno help. Let someone else figure out which cable, telephone and Internet service to get at your new home. “As someone who is terrified of technology, this is my favorite tip,” says Pearse, who recommends a site created by cable companies, Cable Movers Hotline (cablemover.com.) Also available is Movearoo (movearoo.com), a site offered, in part, by telephone companies.

4. Moving advice for your possessions. If you use a professional mover, pick a reputable company by means of a referral rather than an advertisement. And avoid stress by setting aside your precious knickknacks and important paperwork and moving them yourself.

5. Start with a list. Don’t know where to start? “Take a long, hard look at each room very quietly and make a list of what has to go, what has to stay,” what has sentimental value and what doesn’t, Pearse says. Go room by room, item by item. “Once you get going, it’s very easy.”

©2009, Chicago Tribune.
Distributed by McClatchy-Tribune Information Services.

Source:  http://rismedia.com/2009-06-15/5-pro-tips-designed-to-help-you-move/#ixzz0J9xf2YAG&D

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Value Added Home Improvements

Improving your home with the sale in mind is a good idea if it is important that you recoup the majority of the money you put into the project. Experts agree that any remodeling project that brings your home up to the level of your neighbors’ is a worthy investment. However, some improvements offer a greater return than others. It depends on the type of work you have done. Remodeling magazine publishes an annual “Cost vs. Value Report.” The most recent report, based on the top 16 home improvements for a mid-range home, says the highest remodeling paybacks have come from vinyl siding replacement (with 87.2% of the cost recouped), wood window replacement (85.3%), minor kitchen remodeling (85.2%), bathroom remodeling (84.9%), and vinyl window replacement (83.7%).  Be honest with yourself as you walk through your home.  Maybe a countertop upgrade in the kitchen is all that is needed. You can get some great new vanities for a reasonable cost today at your local home improvement store.  Do you need to improve the flooring?  If I can help you make a decision on the best place to make improvements, give me a call at (847) 877-9881.  I would be happy to help.

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Banks Abandoning Foreclosures

Just when we think it can’t get any worse for the homeowner in distress, think again.  In areas with heavy foreclosure rates the banks are refusing to take back the property from the homeowner.  Instead the owner remains liable for the upkeep.  If the property should become so dilapidated the community or alderman may require the property be torn down and the bill sent to the current owner.  Now the person in distress has a bill for $15,000+ for the cost of demoing and removing the debris.  There are areas in Chicago where these properties are being torn down while they are listed for sale.  We have actually had a property under contract and when the client went to do the home inspection the house was in the middle of being torn down.

Another situation we are running into today on these short sales is the property owner vacating the property before it is sold and not paying for monthly upkeep or utilities.  Most areas have a code enforcement department that will fine the individual homeowner if the exterior of the home is not kept in reasonable shape.  Sometimes the water or utility bills haven’t been paid and in order to get the home inspected and sold they need to be paid in full.  The home and its upkeep and utilities are the responsibility of the homeowner until it is someone else’s responsibility which usually means ‘sold’ or if the individual does a ‘deed in lieu’. 

For more information read the article below by Tom Kerr of MortgageLoan.com.  Click here for a direct link to the article.  If you are considering selling your home or purchasing a distressed property contact Amy Kite, Keller Williams, 847-877-9881.

Banks Abandoning Foreclosures
By Tom Kerr MortgageLoan.com

The homeowner strategy of walking away from foreclosure homes when home values plummet below the outstanding mortgage balance has now been given a new twist by lenders. Banks are refusing to take back foreclosure properties, leaving homeowners to assume responsibility for their upkeep.

A new foreclosure-related trend is beginning to take shape, and it raises troubling questions about the role of home values and bank sales in preventing foreclosure. In cities across the U.S., banks are forgoing their right to take possession of properties that have been foreclosed upon, and are canceling the bank sales at the last minute. Instead of putting homes on the auction block, lenders are simply walking away, leaving homeowners and city officials in a confusing and frustrating legal limbo.

Low home values breed walk away phenomenon
The so-called lender “walk away” phenomenon is the latest bizarre twist in the prolonged foreclosure crisis, and may signal a whole new wave of foreclosure problems that were completely unforeseen. Banks are discovering that owning foreclosure properties is more expensive than it’s worth, because home values are so low. To save money, they don’t even bother paying for a foreclosure auction. They just contact the homeowner and inform him that the foreclosure process has been halted, and that he’s still fully responsible for any financial or legal liabilities related to the house.

Failure preventing foreclosure
Most of these homeowners have already vacated their properties after enduring the heartbreak of foreclosure. In their absence, the properties fall into decline, and often become targets of vandals who strip them bare of fixtures or pipes that can be sold for scrap metal. Many residences are condemned by city officials and are slated for destruction, especially in cities and neighborhoods where foreclosure blight is a major headache. In foreclosure-plagued Buffalo, New York, for example, city officials sued nearly 40 banks last year for abandoning dozens of homes that fell into a state of deterioration. But in recent months, that kind of pass-the-hot-potato scenario has played out in cities across the country, where banks are systematically walking away from situations where home values are too low to even justify the cost of a foreclosure seizure and subsequent bank sale.

The responsibility typically goes back to the borrower in default, who’s then hit with the huge liability of owning a worthless property that’s costing both him and the city money. Homeowners who have accepted the loss of their homes and are struggling to put their personal and financial lives back together, suddenly find themselves in a much more complicated situation. Both the bank and the city hold them liable for an uninhabitable home that’s still technically theirs. The distressed homeowner, whose name is the one on the deed and the title, may get a bill for the cost of demolition. And the cost to tear down a worthless home and remove the rubble can run into the tens of thousands of dollars.

Source:  http://www.mortgageloan.com/banks-abandoning-foreclosures-3150?strip=true

If you are considering selling your home or purchasing a distressed property you should work with an agent experienced in these types of sales.  Call Amy Kite, Keller Williams, 847-877-9881.

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Using Feng Shui in the Sale of Your Home

Using Feng Shui in the Sale of Your Home

Can you overcome a difficult real estate market to sell your home by encouraging positive energy to enter it? What if you want to sell that home today? Are there things you should do to energize it before putting it on the market? Are there rules to follow, principles to use as building blocks to create a good energy foundation for selling a property?

There are a number of things one can do to bring positive “buyer’s energy” into a home, and yes, there are some basic rules to follow. When your specific desire is to get that home sold, then you will need to focus your energy in the areas most important to selling a home. Feng Shui is the ancient practice of using positive energy in your surroundings to bring about desired results, which in this case is the sale of a home.

The following steps are based on basic Feng Shui principles, which will not only help create an environment that is welcoming to buyers, but will also help your client sell his/her home faster and more easily.

1. Boost the curb appeal. To prepare the house for sale, begin outside in the front of the home. The old saying “curb appeal is everything when selling a home” is the absolute truth. If the front view of the home is not appealing and inviting, a prospective buyer will pass right by.

It is important to have beautiful border plantings leading the eye of potential buyers up to the front door of the home encouraging them to enter and linger. The best colors for these plants are hot pink, yellow or red because they are energizing colors. On the front door, place a wreath with silk flowers in the same color. If there are double front doors, be sure to place a wreath on each door. If you cannot place a wreath on the door, place a cluster of three or five pots near the entry. These pots should be of varying heights with plants in the same color as the border.

Since we live in a part of the country where outdoor plants do not survive in the winter, be creative and use other things to lead the eye to the front door such as a flag, an artsy arrow pointing toward the door or a brightly painted front door that harmonizes with the home.

2. Clean up now! Upon entering any home, a potential buyer likes to see a clean, uncluttered house so they can visualize their own furniture in various rooms. Remove all excess furniture, magazines and clutter. Start with the master bedroom and bathroom, then the kitchen and living room. Follow this same process throughout the remainder of the house and garage. Collectibles, family pictures and valuables should be packed away before the house is placed on the market. To the new Generation X-ers and Y-ers, collectibles mean clutter. The younger generations like a house with lots of open space and few “dustables.” Closets, especially the one in the master bedroom, are also very important; they must look organized and feel spacious.

3. Repair, fix and replace.  Take a look at the cabinets, door fixtures and faucets. Fix all cabinet and closet doors, dripping faucets and repair all locks on exterior doors. If the majority of the common rooms (i.e. kitchen, living room, family room) are painted bold colors, repaint the walls a soft, neutral color. Remember, the goal is to please a potential buyer, not make a statement about who the seller is.

Almost 70 percent of our population prefers the energy of light, neutral colors on their walls and selectively uses the bold colors for accents only. Don’t eliminate 70 percent of potential buyers simply because of the colors on the walls.

4. Organize, organize, organize! Keep children’s rooms and guest rooms organized and odor-free. Pick up and put away toys, pack away any personal items and make sure toiletries are placed out of sight. Do the same for the areas your pets frequent. The old adage “cleanliness is next to godliness” is still a rule of thumb when selling a home.

5. Use a subtle fragrance to create a welcoming atmosphere. Place softly scented candles in areas of concern, including bathrooms, and burn them for at least half an hour before the house is to be shown to create pleasant smells throughout. Use a candle in the kitchen with the subtle fragrance of something “homey” and familiar like apple pie and cinnamon in the winter or lemon in the summer. Potential buyers not only want their new home to look clean, but smell clean as well. It is also helpful when the fragrances are reminiscent of positive family memories such as a holiday meal at grandma’s house.

6. Increase the buyer/seller relationship’s energy. In the southwest area of the family room or living room, place a beautiful bouquet of flowers in earth tones such as peach, salmon and brick red, to focus energy on creating a good relationship with the Realtor and the potential buyer. It can be a simple arrangement of three large, beautiful flowers, or it can be a whole bouquet representing many potential buyers.

7. Attract helpful people. When selling a house, it helps to get as many people involved as possible, such as family members, friends and business associates. Energize “helpful people” in the northwest area of the family or living room with something silver. A trophy, a silver vase or bowl or even a picture of a lot of friends or a team of business associates framed in silver will work. The more people that are helping out, the easier it will be to sell the home.

There aren’t many rules when using Feng Shui to sell a home, but they are critical to ensuring that the home will appeal to as many potential buyers as possible. Your listing competes with every other house on the market at or near its price range, including those wonderful, new model homes. Providing great curb appeal with cheerful colors outside encourages the potential owner to “come on in and stay awhile,” which is essential. When you add to that cleanliness, uncluttered spaciousness and great positive energy, the home will stand out from the crowd and you will have a competitive edge for selling your home.

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Lease Option/Rent-to-Own: Is it something YOU should consider?

There has been an increased buzz and more people asking about lease options and rent-to-own properties.  These can be great opportunities for both buyers/renters and sellers.  If a property is vacant and the seller is open to renting the property they ought to consider doing a lease option/rent-to-own.  If someone is looking to buy in the next couple of years they may like the idea of moving into the property they are going to buy now saving moving expenses let alone some of the other great benefits. 

Why do people lease option or rent-to-own today instead of buying right now?  There are actually many reasons:  credit isn’t at the level it needs to be to purchase, they have had a bankruptcy or foreclosure within the last 2 years, going through a divorce (if they purchase it could be considered marital assets), moving into a new area, don’t have the down payment, haven’t been in their job long enough, or insecure about their job/company to name a few.

I call lease options/rent-to-owns the Wild, Wild West.  Everything here is negotiable.  Let’s look at each component.  Close date-how long does the buyer need in order to be able to close?  Is there a timeframe the seller NEEDS?  Rent-this depends on whether the new owners need some of the rent to go toward purchase price (if they do it MIGHT be increased), Security Deposit/Non-refundable option consideration money-this is money that may not be returned if the buyer backs out of purchasing the home.  Purchase Price-you might need to come in with a full price offer depending on what else you are asking for.

If you or someone you know is looking for a rental or considering a lease option it is very important you work with an agent who understands them.  Please let me know what I can do to help.  Contact me at (847) 877-9881,  amy@amykite.net or www.amykite.com.

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Ever need a copy of your Tax Return?

There are a few occasions in life when we need to come up with a copy of an old tax return.  Applying for a new mortgage or refinancing are a couple.  Today with e-filing some people still print copies of their returns while others save them to their hard drive or USB flash drive.  If you had to get your last two years worth of returns, right now, could you?  What would you do if you couldn’t?

The following information comes from www.irs.gov and tells you how you can go about ordering a copy of your own individual return.

You have two easy and convenient options for getting copies of your federal tax return information–tax return transcripts and tax account transcripts–by phone or by mail.

Request transcripts by calling 1-800-829-1040, or order by mail using IRS Form 4506T (Request for Transcript of Tax Return).   We do not charge a fee for transcripts.   Allow two weeks for delivery.

Definitions:

A tax return transcript shows most line items from your tax return (Form 1040, 1040A or 1040EZ) as it was originally filed, including any accompanying forms and schedules.  It does not reflect any changes you, your representative or the IRS made after the return was filed.  In many cases, a return transcript will meet the requirements of lending institutions such as those offering mortgages and for applying for student loans.

A tax account transcript shows any later adjustments either you or the IRS made after the tax return was filed.  This transcript shows basic data, including marital status, type of return filed, adjusted gross income and taxable income.

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Want to get top dollar for your home?

Despite the fact that declining home prices have been grabbing headlines for several months now, it can be a challenge for any of us to let go of what we had hoped our home would sell for. 

It’s often the case that, prior to listing their homes, sellers interview a few agents, with a plan to sign on with the one who agrees to list it at the highest price. With the understanding that the listing price is ultimately the decision of the seller, not the real estate agent, I’d like to explain one of the most critical dynamics that impacts the actual sales price of a home.

Whether we are in a buyer’s market or a seller’s market, the same principle applies. The most effective pricing strategy for getting top dollar for a home is to price it competitively. This might not seem to make sense at first, but study after study, as well as my own personal experience, has proven that when a competitively priced home hits the market, it generates an instant buzz. Agents begin calling their prospective buyers and lining up showings to ensure that they don’t miss out on a great buy. Bidding wars can even break out.   We just recently sold a home in 2 weeks with 3 offers.  The home sold for over asking price.  If we had priced it higher we MIGHT have received one offer and we probably would have sold for considerably less.

Let’s contrast this situation to what happens when a home is priced higher than comparable properties. Neighbors and prospective buyers take one look at the listing sheet, and dismiss it as overpriced. The home sits on the market and sits some more. Eventually “REDUCED PRICE!” signs go up. The market starts to wonder what’s wrong with the house since it hasn’t sold.

Eventually, sellers take it off the market or agree to sell it for a much lower price than they had originally hoped.

In any market, competitively priced homes sell quicker and command a higher selling price than homes that factor high hopes into the pricing equation.
        
As a real estate professional specializing in the Northern Cook and Lake County markets, I diligently track trends as they pertain to the pricing and demand of homes. Want to learn more about how to sell your home quickly and at the best possible price?  I’d love to talk with you.  Contact me any time at 847-877-9881 or Amy@AmyKite.com.

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Options for Homeowners in Foreclosure

Are you in foreclosure?  Click HERE to view this updated report to learn what your options are.

Contact me with any questions.  I am a Certified Distressed Property Expert (CDPE).  I specialize in helping troubled homeowners find the solution that best fits their needs.  Visit www.AmyKite.com.

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Understanding the Short Sale

Have you heard of Short Selling, but aren’t quite sure what it means?  I am a Certified Distressed Property Expert (CDPE).  I specialize in helping troubled homeowners find the solution that meets their needs.  For some a short sale might be the right solution.

Here are a series of special reports to help you understand the short sale:

Short Sale Qualifications
Short Sale Myths
Short Sale Pit Falls
Short Sale Vs Foreclosure

Learn more at my website www.AmyKite.com.  Please share this information with your friends and neighbors.  I am here to help.

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