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Painting Your Own Home: Tips to Make the Process Painless

Young family painting the wall

Painting Your Own Home: Tips to Make the Process Painless

While it’s might seem easier to hire professionals to paint the house, but with a little research you can find the job is not as intimidating as it seems. With a few free days set aside and some preparation, painting one room (or multiple) is easily doable for anyone. Here are a few things to consider before you start.

Apply a Primer Coat

Preparation entails most of the painting process. It’s easy to become frustrated during the preparation stage, because prepping to paint can take longer than the actual painting component of the project.

Interior walls aren’t always perfect, and painting the walls is a perfect opportunity to fix those imperfections. If you’re using a putty or a filler to patch holes, the paint will react differently to those substances than it will the wall itself. The solution here is to prime your walls, so the new paint color has a uniform surface to adhere to. It’s one simple step that doesn’t seem like much, but could end up saving you a whole lot of work at the end of the process.

Factor in taping time

Taping up the room is tedious work, but will be worth it when you don’t have to waste time being ultra-careful or nervous when getting close to edges. Instead of trying to take the tape off while the paint is still dry, wait at least 24 hours for the paint to dry, and use a knife to slice the tape off at the edge. If the paint is still even a little wet or gummy, don’t continue. Make sure the knife is sharp enough and pull the tape away at a 45-degree angle, making sure not to rip the paint.

Set up with clean-up in mind

To protect floors, a drop cloth is a necessity. In some cases, cotton or canvas drop clothes can work better than plastic. Plastic drop cloths can be slippery and don’t easily stay in place, especially when ladders are involved. Any splatters or drips of paint that fall onto a plastic drop cloth won’t dry or absorb right away and can be easily tracked throughout the rest of your house. A canvas or cotton drop cloth will be more stable and will protect the floors better. Tape the edges of the drop cloth to the tops of the trim to protect both the floor and the trims from any splattering or dripping paint.

Work top down

Not only does it prevent drips from ruining anything you’ve already painted, but it keeps the walls and baseboards free of any dust or debris from sticking to wet trim. Paint the ceiling first, move to the walls and possible crown moldings. Only then should you move to any trims around windows or doors and finish with the baseboards. Not only will this keep a system in place to ensure there’s no questioning what’s been painted and what hasn’t, but it’ll keep things clean.

Check thickness of previous paint layers

Cracks on an exterior paint job don’t reflect the owner’s best intentions and should be fixed before the damage is too much to fix. Too thick of a layer of paint means that the paint might just be too heavy to stay, and will start to crack and to peel off. It loses its grip and can’t attach to the other layers of paint. In older homes, it’s likely that some of those layers of paint have lead in them, in which case you’ll need to look into how to remove it safely. The EPA has guidelines here. This could be the one step that requires you to outsource, if the layer of paint is extremely thick, because removing it completely (and correctly) will ensure the next coat of paint will attach correctly. Hiring a home washing company can help you identify these cracks in exterior paint as well. If anything, have the exterior of your home professionally power washed, so the paint will have a clean surface to adhere to.

Using these tips, ideally the house-painting process will be doable for anyone. Prepare yourself to set aside time for set-up, knowing that it will help when you’re done painting and ready to clean up. Instead of hiring painting professionals, save some money for decorating and tackle the job yourself.

Curious to know how much your Southern California home is worth! Get an instant report now! www.CaliOnTheMove.com 

Bio: Matt Lawler is an Internet marketing specialist from Tempe, Arizona where he attended Arizona State University. Whenever he can step away from the computer, Matt enjoys playing sports, traveling and exploring the great outdoors. Follow him on Twitter.

Laura Key, REALTOR® Cal BRE 01908085 310-866-8422 Laura.A.Key@gmail.com www.KeyCaliforniaHomes.com

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Larchmont Living - My Favorite Pizza - Village Pizzeria

Village Pizza
Village Pizza

One of my very favorite things to do is to go to Larchmont Village and enjoy people watching. While I am there I have my spots I love to hit. Of course I love grabbing a coffee at one of many little shops up and down the strip, but every so often, when my diet permits I must simply have my slice of Clam & Garlic pizza! HEAVEN, HEAVEN, HEAVEN!

Village Pizzeria is a simple little place, yet it is always busy! They have seating inside and outside. The menu is simple with a splash of uniqueness. I am always treated nicely and enjoy the atmosphere.

The no-nonsense way of ordering is perfect. If you are in a rush, simply don't come because they are not a microwave place. You get fresh food for a very decent price.

I love taking my friends and family here when they come to town. It has won my heart for pizza!

Although the Clam & Garlic pizza is my favorite splurge, I have not had a bad item on the menu!

Village Pizzeria is located at 131 N. Larchmont Blvd Los Angeles, CA 90004. They also offer delivery with a $20 minimum however I just love going and eating outside so I can people watch!

Visit their website: www.villagepizzeria.net

For more fun things to do in LA: https://www.groupon.com/local/los-angeles/things-to-do

 

Are you looking for a neighborhood like this one that feels more like a village?  Start your search today at www.KeyCaliforniaHomes.com

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Tree Falls Over Property Line: Who Pays? Who Picks Up the Pieces?

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Tree Falls Over Property Line: Who Pays? Who Picks Up the Pieces?

By: Ann Cochran

Published: March 23, 2011

If a neighbor’s tree falls over your property line, file an insurance claim for repairs and cleanup. No house damage? Check if chopping and hauling debris is covered.

When a neighbor’s tree falls over your property line, yell TIMBER, then call your insurance company. Home owners policies cover tree damage caused by perils like wind and winter storms. Most policies cover hauling away tree debris if the mess is associated with house damage; some will cover cleanup even if no structures were harmed.

When a Tree Falls

Your neighbor is responsible when a tree falls over your shared property line only if you can prove he was aware that his tree was a hazard and refused to remedy the problem. Regardless, your insurance company restores your property first, and later decides whether or not to pursue reimbursement from the neighbor or his insurer if the neighbor was negligent in maintaining the tree.

Before a Tree Falls

Write a letter to your neighbor before his dead, diseased or listing tree falls through your roof or over your property line.

The letter should include:

  • Description of the problem
  • Photographs
  • Request for action
  • Attorney letterhead--not necessary but indicates you mean business.

Trim Their Trees

If the limbs of a tree hang over your property line, you may trim the branches up to the property line, but not cut down the entire tree. If a tree dies after your little pruning, the neighbor can pursue a claim against you in civil or small claims court. Depending on the laws of your state, your neighbor may have to prove the damage was deliberate or caused by negligence, but may also be able to recover up to three times the value of the tree.

Before you cut, tell your neighbors what you intend to do to protect your property. They may offer to trim the whole tree instead of risking your half-oaked job.

Your Tree Falls

It’s always a good idea to take care of your big and beautiful trees, and keep receipts for trimmings and other care.

But if your tree falls over a neighbor’s property line, do nothing until their insurance company contacts you. You may not be liable unless you knew or should have known the tree was in a dangerous condition.  If you pruned a tree or shored up trunks to prevent problems, gather your receipts to prove your diligence.

Lots of Los Angeles Real Estate Agents want to be stars as big as the celebrities they cater to. Me? I just want to help people find the homes that make them happy and help them to create a sanctuary for future dreams and lasting memories. Contact me today!

 

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How to Claim Your Energy Tax Credits

How to Claim Your Energy Tax Credits

By: Donna Fuscaldo

Published: January 30, 2014

Energy tax credits on select improvements available through the end of tax year 2013.

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Limits on IRS energy tax credits besides $500 max

  • Credit only extends to 10% of the cost (not the 30% of yesteryear), so you have to spend $5,000 to get $500.
  • $500 is a lifetime limit. If you pocketed $500 or more in past years combined, you’re not entitled to any more money for energy-efficient improvements in the above categories. But if you took $300 back then, for example, you can get up to $200 now.
  • With some systems, your cap is even lower than $500.
  • $500 is the max for all qualified improvements combined.

Certain systems capped below $500

No matter how much you spend on some approved items, you’ll never get the $500 credit -- though you could combine some of these:

System

Cap

New windows

$200 max (and no, not per window—overall)

Advanced main air-circulating fan

$50 max

Qualified natural gas, propane, or oil furnace or hot water boiler

$150 max

Approved electric and geothermal heat pumps; central air-conditioning systems; and natural gas, propane, or oil water heaters

$300 max

And not all products are created equal in the feds' eyes. Improvements have to meet IRS energy-efficiency standards to qualify for the tax credit. In the case of boilers and furnaces, they have to meet the 95 AFUE standard. EnergyStar.gov has the details.

Tax credits cover installation — sometimes

Rule of thumb: If installation is either particularly difficult or critical to safe functioning, the credit will cover labor. Otherwise, not. (Yes, you’d have to be pretty handy to install your own windows and roof, but the feds put these squarely in the “not covered” category.)

Installation covered for:

  • Biomass stoves
  • HVAC

Installation not covered for:

  • Insulation
  • Roofs
  • Windows, doors, and skylights

How to claim the energy tax credit

  • Determine if the system you installed is eligible for the credits. Go to Energy Star's websitefor detailed descriptions of what’s covered; then talk to your vendor.
  • Save system receipts and manufacturer certifications. You’ll need them if the IRS asks for proof.
  • File IRS Form 5695 with the rest of your tax forms.

This article provides general information about tax laws and consequences, but isn’t intended to be relied upon as tax or legal advice applicable to particular transactions or circumstances. Consult a tax professional for such advice, and remember that tax laws may vary by jurisdiction.

Find your next home with me! Text LKHOMES to 87778 or visit http://87778.mobi/LKHOMES  for your FREE search.

Laura Key, CalBRELic #0198085

310.866.8422

www.KeyCaliforniaHomes.com

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Beautiful Tile Work

This beautiful tile work was found in a bathroom located by the pool! Just Gorgeous! Its bright and detailed.  In my opinion you just can't go wrong with mermaids by a pool.image

Buyers: Ready to find your new home? Sellers: Want to see what homes are being listed at in your neighborhood?

It's easy! Text LKHOMES to 87778 for free MLS application.

 

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Hard at Work In Real Estate

Looking for A New Home? Text LKHOMES to 87778 to get instant free access to the MLS!  Or Call me at 310.866.8422

2013-11-18 09.40.48

Homes are turning over quickly in Los Angeles!  Let me work hard for you!

California Real Estate, Los Angeles Homes, Homes for Sale, Larchmont Homes for Sale, Hancock Park Homes for Sale, Windsor Square Homes for Sale, West Hollywood Homes for Sale, Koreatown Homes for Sale, Realty Goddess, Top Los Angeles Real Estate Agent, Real Estate Agent, Realtor, MLS, Home Search

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My New Favorite House in Hancock Park

My New Favorite House in Windsor Square Call Me for More Details 310.866.8422

I see  a lot of homes daily, so when I came across this beautifully restored home located in Hancock Park my heart leap.  For the past two years I have driven by this beauty on my way home, but one day I saw a fellow agent placing a "For Sale" sign outside beside the lovely rose garden!  I rushed home to look up the details and saw it was going to be an open house.  That Sunday my first agenda was to see this house and what I found made me fall in love more.

  • 8 bedrooms 8 Bathrooms
  • 12 foot ceilings
  • 3 Floors
  • Private nooks
  • Garage with additional living/working space
  • Rose Garden
  • Porch
  • Mature tree in the front yard
  • Apx SF 6000 on a 9470 Lot

This home has history, it was been LOVINGLY restored to it's original glory and no detail was spared.  This home is one that you simply must see and in my opinion is priced perfectly.

The time is perfect to purchase your new home! Text LKHOMES to 87778 to find your next home FREE! My app gives you DIRECT access to the SoCal MLS.  No more fluff, no more outdated listings....just homes at your fingertips!  Call me today! 310.866.8422

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Higher Home Prices Cool Buying Frenzy

Is all this frenzy creating a mini-housing bubble? What are your thoughts on this housing market?  Laura Key 310.866.8422

Home Not for Sale

The recent rise in home prices has more investors concerned that it will be increasingly difficult to turn a profit from their rental investments. Nearly half of U.S. real estate investors say they expect to purchase fewer rental homes in the next year, according to a recent survey conducted by polling firm ORC International.

Just 10 months ago, the percentage of investors who said they intend to buy fewer homes stood at 30 percent—compared to 48 percent today. Only about 20 percent of the investors surveyed say they plan to buy more homes in the next year—a drop from the 39 percent who reported they intend to buy more homes last August.

More than half of the investors surveyed who own rental properties say they plan to hold them for at least five years or more, and 33 percent plan to hold them for 10 years or more. 

“Higher prices are reducing returns on investment and investors are responding by cutting back on their purchasing plans until conditions sort out,” says Chris Clothier, a partner in MemphisInvest.com and Premier Property Management Group. “Fewer foreclosures, rising property values, and competition from hedge funds are making it tough to find good ideals on distressed sales. On the other hand, investors are planning to hold onto their rental properties for at least eight to 10 years and realize the benefits of rising rents and low vacancy rates. Cash flow is much more important than appreciation.”

Source: ORC International

Laura Key, CBS News, Buyer's Agent, Selling Agent, 

Thinking of Selling? I have buyers who are pre-approved and ready!  They are looking in several areas of Los Angeles county!

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Clean Home, Easy Sale

One of the biggest problems people run into when selling their home is the process of preparing it for sale. The best way to begin this process is to take a quick walk through your home then call me for an appointment! Laura Key 310.866.8422

clean house

One of the biggest problems people run into when selling their home is the process of preparing it for sale. Many homes are simply places where we keep the accumulated treasures of the years. Are you a clutter-bug, a pack-rat? It's OK, we all are to some degree. When preparing a home for sale, we need to be mindful of our "stuff." The best way to begin this process is to take a quick walk through your home. Make a list of everything that you have not used in the past 3 months, 6 months? Now, and here is the hard part. Get rid of it. Seem a bit extreme? It might, but things that you have not used in half a year are not likely to get used in the future. Remember we are trying to get rid of some stuff so that people can see the house, not what's in it.

There is a common line of thought that home buyers want to see the "personality" of the homes current owners. This is not true. Buyers want to be able to see their belongings in the home. They want to put their personality into it to see if they could see themselves living there. A backlog of your stuff will get in the way of them doing this. Go through every room in turn and remove the clutter! This includes the closets, shelves and cupboards. Also remove excess furniture if the room seems too crowded. Here is another important thing to remember, don't put all this stuff in the garage! Buyers will go through the garage like any other room in your home. Hire a storage locker if it is really necessary. Aside from that, use this as an opportunity to rid yourself of those things that you never use.

The minimalist approach is a good thing to utilize when showing your home. The lack of personal effects will make it easier for buyers to place themselves in your home. This will also make the moving process easier on you. With less things to pack when moving day comes, you can dedicate more time to creating your perfect space in your new home.

Laura Key, BRE 01908085
310.866.8422
Laura.A.Key@gmail.com
www.KeyCaliforniaHomes.com

 

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Budget for Closing Costs – Home Inspection and Title Fees

Buying a home means you also have to budget for additional expenses! Make sure you put some money aside for the extras.

MoneyHouse

Purchasing a home is a euphoric event. Once escrow begins, the euphoria can change to frustration, particularly if you are not ready for the closing costs that quickly accumulate.

Closing costs simply refer to the fees associated with various things associated with the escrow process in a real estate transaction. In the excitement of having an offer accepted for your dream home, you can easily lose track of the fact you are going to need to have some serious cash on hand to pay them. Many people make the mistake of only assuming they need the down payment money, and have to rush around town trying to come up with money for the closing fees.

If you are buying a home, you need to get a professional home inspection. Doing so can reveal potential problems with the home that you wouldn’t otherwise notice. Problems can include things such as rot, termites, water leaks and a bevy of other issues. The time to do this is during escrow. Of course, that means you are also going to have to pay for the inspection. Depending on the size of the property, home inspections can run a few hundred dollars up to a few thousand. Make sure you have money set aside for the fees.

Title insurance is something you absolutely must purchase when you buy any real property, a home, building, land or whatever. Title insurance protects both you and your lender. Title insurance is just what it sounds like. A title company will research the title of the home and essentially guarantee that the title is good. This means the seller actually owns the title and has the right to sell it to you. The title company will also make sure there aren’t any liens on the homes or other things that will cause you problems. Depending on the price of the home, title insurance can run you a couple of hundred dollars or up into the thousands. Again, it is important to find out the cost and budget for it.

Title insurance and a home inspection are two things you should absolutely have when purchasing a home. Just make sure you budget for them.

Laura Key, BRE 01908085
310.866.8422
Laura.A.Key@gmail.com
www.KeyCaliforniaHomes.com
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Bank Faces Lawsuit Over Excessive Fees

Are you facing or someone you know facing foreclosure? There are sources out there to help you! Call me for a list of free resources!  Laura Key 310.866.8422

money lock

JPMorgan Chase faces a lawsuit that alleges the bank imposed overly high or unnecessary fees on delinquent borrowers. The banking giant tried to get the case dismissed, arguing to the courts that the claims were unjust, but a federal judge ruled the lawsuit should proceed. 

Borrowers are accusing the bank of “imposing excessive or unnecessary fees to inflate profit, including on services performed by third party vendors, cheating thousands of already-strained borrowers out of millions of dollars,” Reuters reports. 

Among the fees in question range from $95 to $125 for “broker’s price opinions.” The plaintiffs, who reside in Tennessee, California, and Oregon, claim that the BPOs cost $30 to produce and that according to Fannie Mae guidelines they should not cost more than $80.  

Similar lawsuits over mortgage fees charged to delinquent borrowers are pending against Wells Fargo and Citigroup. 

Source: “JPMorgan must face lawsuit challenging mortgage fees,” Reuters (June 14, 2013)

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Where Asking Prices Are Rising the Most

California is rising fast, yet it's not at the highest it's ever been. Interested in buying or selling!  Let me assist you in reaching your real estate goals! Laura Key 310.866.8422

House in Hand

Median list prices in May edged up 2.10 percent month-over-month, as housing inventories also were on the rise, creating a greater balance between supply and demand, according to realtor.com’s latest Real Estate Health Report. 

The nationwide median list price was $199,000 for May, and up 4.79 percent year-over-year. 

"We are seeing large regional markets across the country leading the way to national recovery. These regions are acting as a microcosm for what's slowly happening in the larger real estate market," says Steve Berkowitz, chief executive officer of Move. "Overall, we're seeing seller confidence beginning to respond to consumer demand. Nationally, there are more homes going on the market for a shorter amount of time.  And this is happening in our hot markets on a much larger scale."

California housing markets are seeing some of the highest median price gains. The following 10 markets have seen the highest year-over-year list price gains: 

1. Sacramento, Calif.: up 42.45%

  • Median list price: $284,900

2. Oakland, Calif.: up 38.27%

  • Median list price: $495,000

3. Detroit, Mich.: up 31.73%

  • Median list price: $125,000

4. San Jose, Calif.: up 30.58%

  • Median list price: $679,000

5. Los Angeles-Long Beach, Calif.: up 27.80%

  • Median list price: $428,000

6. Fresno, Calif.: up 27.48%

  • Median list price: $219,900

7. Phoenix-Mesa, Ariz.: up 27.03%

  • Median list price: $235,000

8. Stockton-Lodi, Calif.: up 25.63%

  • Median list price: $199,750

9. Reno, Nev.: up 24.23%

  • Median list price: $235,900

10. Santa Barbara-Santa Maria-Lompoc, Calif.: up 24%

  • Median list price: $775,000

Source: realtor.com®

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Laura Key

Realty Goddess

Laura Key on CBS News

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Do you work from home? Buy your next home with your office in mind!

 

If you work from home, and it is time to move to your next home, there are some factors you should consider carefully before making your decision.

working-from-home

The flexibility afforded by a “zero-commute” combined with the skyrocketing price of gasoline has strengthened the case for full time teleworking and telecommuting. According to an Environmental Protection Agency (2004) study:

“Americans spend an average of 46 hours per year stuck in traffic. Gridlock produces more than $63 billion in congestion costs per year”

The artist community has been well acquainted with the use of work/living spaces for years, but improvements in technology have made the benefits of teleworking and occasional telecommuting more attractive to general consumers. According to the key findings form the International Telework Association & Council (ITAC) Telework America (2000) study:

“Home-based teleworkers also have larger homes, on average, than non-teleworkers; the difference amounting to about 500 square feet. The most popular place for an office in these larger homes is a spare bedroom, with the living room a distant second. The primary home telework activity is computer work (55% of total activities), followed by telephoning, reading, and—averaging 7% of the time—face to face meetings.”

As you purchase your next home, there are certain factors to consider if you need to set up a new home office:

Make sure that your high-tech needs can be met. Have a qualified electrician inspect the wiring of the house to see if the system can handle the extra power load that your home office requires. Older homes may need significant upgrades to handle the extra power, while newer homes are built with more energy-efficient systems to handle the additional power along with heating/air conditioning requirements. If you use cable, DSL or satellite internet access, check with your local service provider to see if access is available in your new neighborhood. Shop around for your telephone provider—in some cases, business service bundles may be more cost effective than regular residential service.

Designate where your office space will be. Determine the amount of space you will need to accommodate your work style and space. In many cases a spare bedroom or living room space can be used, if a formal den option is not available. If your work requires heavy telephone usage or just heads-down concentration, you may want to consider utilizing a room with a door. Doors can be closed to reduce interruptions from other family and household noises.

Plan your office blueprint to include all required furniture, bookcases, computers, fax, and printers. Make sure to allow for filing and storage space for files and extra office supplies. Lighting is critical for computer or assembly work, so make sure to allow for direct sunlight along with any specific task lighting that may be necessary. Select flooring options that will allow you to work comfortably—you may wish to go with hardwood or laminate flooring to allow for your chair to move smoothly across the floor. Install enough phone lines to cover your home, business and fax machines needs.

Is the office easily accessible? If you will expect regular package deliveries, make sure that your designated office is easily accessible to the front door of the home. This is also necessary if you will need to meet clients or visitors in your office and would like to ensure a professional appearance for your business.

Find out about local business requirements. Some cities have zoning restrictions and guidelines for work/living spaces along with tax implications. Make sure to check with your local government to determine if special restrictions exist.

Are you ready to find a home that could allow you to work from home? Or...do you need more room in the current home you own? Give me a call - lets get you started!

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More Sellers Jump Into Favorable Market

More sellers are ready to put their homes on the market for the awaiting buyers.  They are getting top dollar! If you have been thinking of selling, give me a call for a FREE Comparative Market Analysis and let's begin the process! Laura Key 310.866.8422

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Inventories of for-sale homes are increasing as more owners see rising home prices and faster sales as a reason to try to sell now, according to industry reports.

In April, the number of listings was higher than the level of homes that were under contract in that month, according to a study by the real estate brokerage ZipRealty, which measured listings in 24 major metro markets.

“It’s less of an indication of buyer momentum flagging and more of seller momentum picking up, finally,” says Lanny Baker, the company’s chief executive.

The reports find that homes are selling faster—on average, within 32 days of being listed. In April 2012, that average stood at 48 days for homes to sell. 

“A market in which the sale prices are happening very close to the list prices, a market in which the list prices seem to be moving sequentially higher, and a market in which any of those houses are selling speedily is one that is bringing sellers back,” Baker says. “That makes it feel to a seller that this isn’t going to be a long passive despair that I tried three years ago.”

Source: “Why More Sellers Could Test the Market,” The Wall Street Journal (June 10, 2013)

Want an estimate of what your California home is worth? Fill out the form below!  All info is confidential and will not be sold!

[contact-form][contact-field label='Name' type='name' required='1'/][contact-field label='Email' type='email' required='1'/][contact-field label='Address' type='text' required='1'/][contact-field label='City%26#x002c; State%26#x002c; Zip' type='text' required='1'/][contact-field label='Number of Bedrooms' type='text' required='1'/][contact-field label='Number of Bathrooms' type='text' required='1'/][contact-field label='When are you interesting in putting your home on the market?' type='select' options='0-3 Months,4-6 Months,7-9 Months,10-12 Months'/][contact-field label='Please enter any other important features about your home? Upgrades%26#x002c; Garage%26#x002c; etc.' type='textarea' required='1'/][/contact-form]

 

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Does Moving Up Make Sense?

Don't get caught up in the madness of the market.  Deciding to sell is a personal decision, take everything into account.  I am here to assist! Laura Key 310.866.8422

Digital Image by Sean LockeDigital Planet Designwww.digitalplanetdesign.com

These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move.

  1. Have you built substantial equity in your current home? Look at your annual mortgage statement or call your lender to find out. Usually, you don’t build up much equity in the first few years of your mortgage, as monthly payments are mostly interest, but if you’ve owned your home for five or more years, you may have significant, unrealized gains.
  2. Has your income or financial situation improved? If you’re making more money, you may be able to afford higher mortgage payments and cover the costs of moving.
  3. Have you outgrown your neighborhood? The neighborhood you pick for your first home might not be the same neighborhood you want to settle down in for good. For example, you may have realized that you’d like to be closer to your job or live in a better school district.
  4. Are there reasons why you can’t remodel or add on? Sometimes you can create a bigger home by adding a new room or building up. But if your property isn’t large enough, your municipality doesn’t allow it, or you’re simply not interested in remodeling, then moving to a bigger home may be your best option.
  5. Are you comfortable moving in the current housing market? If your market is hot, your home may sell quickly and for top dollar, but the home you buy also will be more expensive. If your market is slow, finding a buyer may take longer, but you’ll have more selection and better pricing as you seek your new home.
  6. Are interest rates attractive? A low rate not only helps you buy a larger home, but also makes it easier to find a buyer.
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Home Prices Pick Up at Fastest Pace in 7 Years

Sellers, if you were on the fence about selling your home, this should help you make the right decision! Call me for a FREE CMA on your home! Laura Key 310.866.8422

House in Hand 2

Home prices nationwide, which includes distressed sales, soared 10.2 percent year-over-year, according to CoreLogic’s February report. It’s the largest year-over-year increase in home prices since March 2006. It also marks the twelfth consecutive monthly increase in national home prices, according to CoreLogic’s report. 

When excluding distressed sales, home prices rose 10.1 percent year-over-year in February, according to CoreLogic. 

“Nationally, home prices improved at the best rate since mid-2006, marking a full year of annual increases and underscoring the ongoing strengthening of market fundamentals,” says Anand Nallathambi, president and CEO of CoreLogic.

CoreLogic predicts that home prices -- excluding distressed sales -- will likely rise 11.4 percent year-over-year from March 2012. 

“The rebound in prices is heavily driven by western states,” says Mark Fleming, CoreLogic’s chief economist. “Eight of the top ten highest appreciating large markets are in California, with Phoenix and Las Vegas rounding out the list.”

The five states with the highest price appreciation as of February 2013, according to CoreLogic, were: 

  • Nevada (+19.3%)
  • Arizona (+18.6%)
  • California (+15.3%)
  • Hawaii (+14.6%)
  • Idaho (+13.5%)

Source: CoreLogic

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Study: Buyers Can Afford Bigger House If It's New

Good News on the Home Front! Ready to Buy! Let's do this together! Laura Key 310.866.8422

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The National Association of Home Builders says its new study shows that home buyers can buy a more expensive, newer house and still have the same operating costs as owning an older existing home. 

NAHB examined data from the Census Bureau and Department of Housing and Urban Development’s 2011 American Housing Survey to determine how utility, maintenance, property tax, and insurance costs vary depending on the age of a home. 

Houses built prior to 1960 have average maintenance costs of $564 per year. On the other hand, homes built after 2008 have average maintenance costs less than half that — $241, according to the study. 

For homes built prior to 1960, operating costs average nearly 5 percent of the home’s value while the average was less than 3 percent for homes built after 2008, the NAHB study found. 

The study also took into account the first year after-tax cost of owning a home by its age, examining the purchase price, mortgage payments, annual operating costs, and income tax savings. “A buyer can afford to pay 23 percent more for a new house than for one built prior to 1960 and still maintain the same amount of first-year annual costs,” according to NAHB.

New houses tend to cost more than existing homes, so the mortgage payments will likely be higher — but the lower operating costs of a newer home will give buyers annual costs that could be about equal if they purchase a lower priced, older home with a smaller mortgage payment but higher operating costs, NAHB says. 

"Home buyers need to look beyond the initial sales price when considering whether to buy new construction or an existing home," says NAHB Chairman Rick Judson. "They will find that with the higher costs of operating an older home, they can often afford to spend more to buy a new home and still have annual operating costs that fit their budget."

Source: National Association of Home Builders

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How to De-Crapify Your Home

While it's no epidemic, it's hard to argue that most of us have a little "too much stuff". Whether you've got a little or a lot more clutter than you'd like in your home, here's a start-to-finish look at how to streamline your Spring cleaning.

Getting rid of your stuff can be difficult. Things have value to you, whether you've formed a personal attachment to your stuff or you believe you'll have a practical use for it... someday. Most of the time, "personal value" means guilt and "someday" never comes.

We're not talking about going ultra-minimalist here, but rather making a concentrated effort to only keep the things in your life that you use and actually matter to you. To do this, we're first going to take a look at identifying the crap in your home, then how to get rid of it so you're not always just throwing it away, and finally discuss some methods for actually maintaining your crap-free lifestyle. Let's get to it.

Identify the Crap

Some crap is easy to identify, like a corporate t-shirt that's several sizes too big and you forgot about its existence, or that birthday card from 1994 that you're afraid your grandmother will ask about next time she visits. If you still have any of this kind of stuff, stop reading this post and go out into the yard and burn it. (Don't actually do this—it's illegal.) Now that you've gotten rid of your easily identifiable crap, we can start working on the rest—deciding what can stay and what can go.

Step 1: Sort It Out

First, you need to sort out your excess. Categorize the items you're sorting through so you can concentrate on each separately. These categories should include things like books, clothing, cables, and gadgets. They can even be more specific, if you have a hobby hording problem. For example, puzzles and board games, photo albums, and sports equipment are all examples of potentially less-common things that can easily build up in your home. If you notice anything taking up just a little too much space, it needs to be a category on your list.
 

With each category, sort every item into one of three piles: the stuff you're going to keep, the stuff you're going to get rid of, and the stuff you're not sure about. Be ruthless: When's the last time you used that bulky electric juicer? What are the chances you're going to start using it in the future? Is it really worth keeping around?

When you're done sorting, go through the pile of items you're not sure about and try to get rid of about half of it. One simple decision-making factor: find similar items and pick the one you like the best, get rid of the rest.

Now that you've made a mess of your home by tossing your stuff into piles on the floor, it's time to put it all back again. First put the stuff you're getting rid of in a cardboard box, trash bag, or whatever you prefer so long as it's clearly moving on to its next life. Next, put all the stuff you're keeping back where it belongs and admire all the new, empty space you've created. Last, grab all the things you're not sure about and put them somewhere separate. If you're hanging clothes, hang these items in another area of a closet or place them in a separate drawer. Do not keep them with the stuff you're sure you want to keep. Keep track of whether or not you use any of them over the next 30 days. If you do, you can put it back with the stuff you want to keep. If you don't, you're getting rid of it when the 30 days are up.

 

Step 2: Repeat Step One

No, not right away. You've just had to part with a bunch of things you think you care about, so you're clearly not in the emotional state to handle another tumultuous breakup with your possessions. Wait 30 days and repeat the process. After a month, when time has healed your wounds, you'll find it much easier to let go of even more things you don't need. You might even like it. It's nice having more space in your home, and once you realize 1) that you like it and 2) you don't miss anything you tossed, you'll have a much easier time getting rid of more things you don't need.

Step 3: Remove the One-Offs

By the time you've made it to this final step, you've probably gotten rid of most of your unnecessary crap. What's left are the things you don't have too much of but still find taking up unnecessary space in your home. Do you have an electric guitar you never play because you said you'd take lessons four years ago but never got around to it? Identify anything like that guitar and mark it for deletion. In the next section, we're going to look at the best options you have for actually getting rid of all the stuff you identified in these three steps.

Get Rid of the Crap

When you're getting rid of your things, you have a couple of options. Obviously you can throw things away, but if you have anything in good condition you can also sell it or donate it. Some specific items may also find a new life in the digital world, or you may have friends who want some of your things. In this section we're going to take a look at the best ways to finally let go.

Donate to the Needy (or Not-So-Needy)

Donating is the easiest way to throw your crap away without actually doing that. Finding your local Salvation Army or Goodwill is a fine way to start. Additionally, if there's a particular cause you're passionate about you can often find organizations that will take some of your things. A quick web search will usually turn up a few local options, so search for a cause if you want to help in a more-specific way.

If you just hate doing good and helping other people is too selfless, you can always win favor with your friends by giving them your potentially useful-to-them crap. Every friend wants to get a call asking them if they want an old pair of gym shorts or your extra copy of Serial Mom on DVD. Sometimes you will have some things your friends can benefit from, so don't hesitate to set them aside to ask. If they don't want them, you can always just suck it up, be a good person, and donate to someone in need who has yet to experience Serial Mom while wearing your old gym shorts.

 

Sell, Sell, Sell

If you're going to sell your stuff, the most obvious option is to use Craigslist and/or eBay. You'll want to use Craigslist for things like furniture or larger items you won't want to ship. You may also prefer to sell your gadgets and other technology there as well, especially if you don't have the box. eBay is always an option, but it's not as good of market as it once was for this kind of sell-off.

In addition to the obvious, you have Amazon and Gazelle for certain items in your inventory. First, Amazon will buy your old electronics for money to spend at Amazon. Additionally, a service called Fulfilled by Amazon can make the process of selling through the retail giant much less work. Fulfilled by Amazon is a service that lets you drop ship your stuff to Amazon, who then lists it on their product pages, ships out the items for you just like the item was purchased from them directly, and deposits the money from the sale in your checking account (after taking their commission, of course). You still have to add all the items to your inventory yourself, but if you're getting rid of a lot of stuff this is a huge time-saver and doesn't cost much more than if you did all the hard work. While you won't be able to get rid of everything this way, as the sock puppet you made in 2nd grade isn't a currently listed product, you can sell quite a few of your possessions and make a fair amount of pocket change in the process.

If you want to do even less work, and you have a lot of technology to get rid of, Gazelle is a good option. Because their site is geared towards selling your gear, it's very easy to search for what you want to get rid of, specify the condition, and get a quick quote. It's also pretty easy to find a Gazelle coupon that will get you an extra 5%. If you're really lazy, Gazelle will send you a box and pick it up so you can continue your life in solitude with minimal interruption.

Amazon and Gazelle are both great options if you want to save yourself some time, but if you want to put in the effort to make as much money as possible then be sure to read our guide to selling your gadgets for more tips.

 

Go Digital

A lot of the crap you have in your home can fit on a hard drive if you're willing to put in the effort (or pay someone to put in said effort for you). If you have old items you want to keep but would be willing to toss if you had a digital version, you should read out guide on digitzing your life. Nothing saves space like getting rid of stacks of photos, old VHS tapes, and other stuff with your worst enemy: sentimental value.

Throw It Away

This is really easy, because you may already have it in a trash bag. Take that bag to the curb, toss it in a nearby dumpster, or just feed it to the monster that lives under you bed. Actually, throwing things away is not always so easy if you want to do it as safely as possible. Your technology, for example, doesn't sit so well when buried in the planet. If it's something you can recycle, take the effort to recycle it. Or don't. Sites like Gazelle will take your dead technology off your hands, and you can find recycling centers at both the EPA and Earth911.

 

Maintain Your Crap-Free Existence

Congratulations. If you've made it here, your home is crap free. If you just skipped to this section without doing anything, that congratulations is rescinded—but your curiosity is commendable. It's a huge accomplishment to de-crapify your entire home, but all that effort is wasted if you can't maintain a crap-free lifestyle. For that, you need some rules, policies, and tricks to ward off the excess stuff that once plagued your life.

You may have heard that you should toss it if you haven't used it in the last year. This is true, but that's a very reasonable attitude to take with your stuff. If you have a tendency to keep things you don't need, you need policies a bit more strict and timely than that. Live by these instead:

  • When you get something new, you have to get rid of something old. It doesn't have to be the same type of item, but it should take up approximately the same amount of space (or more).
  • Set an expiration date on anything you notice you haven't used in awhile. So you remember, set a reminder on your calendar or put a post-it note on that item with an expiration date. If you see it again and that date has passed, it's time to let it go.
  • Don't buy anything new until you've considered whether or not you need it for 48 hours. (Obvious exceptions include more urgent things like broccoli, hemorrhoid cream, and tickets to the midnight screening of the next big disappointing comic book film.)
  • Get organized in ways that help you better use everything you still have. Organize your refrigerator like a supermarket. Organize your kitchen like a programmer. Organize your clothing by color, like in a clothing store, so it's easy to find what you're looking for. You get the idea.

Cleaning can be hard when it means getting rid of things you've come to love over the years, but chances are you'll come to love the extra space even more. Hopefully this guide will help you get your crap under control and out of your home. If you have any great de-crapifying suggestions of your home, be sure to share them in the comments.

Source: lifehacker.com; Article written by: Adam Dachis 

Get the most for your home! The cleaner, more organized, less cluttered houses on the market get the buyers!  Call me today and let's get started with your plan! Laura Key 310.866.8422

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