RE/MAX Main Street Associates
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Posted by RE/MAX Main Street Associates on 6/16/2019

Buying a house is a life-changing decision. As such, you should perform extensive home evaluations before you make your final purchase decision.

There are many questions to consider as you review houses, and these questions include:

1. Does a home match my expectations?

Entering the housing market with homebuying criteria usually is a good idea. If you know what you want to find in your dream house, you can tailor your home search accordingly. As a result, you can speed up the homebuying journey.

When it comes to establishing homebuying criteria, it helps to consider your short- and long-term goals. For example, if you want a house that is close to your current office in the city, you can search for residences in towns and cities near your workplace. Or, if you are willing to upgrade a house on your own, you may want to focus on "fixer-upper" properties.

2. Can I afford a house?

Home prices vary based on many factors. Fortunately, if you create a homebuying budget, you can narrow your house search and review properties that fall within your price range.

Oftentimes, it helps to get pre-approved for a mortgage. Banks and credit unions are happy to provide you with a wide assortment of mortgage options. Once you assess the different types of mortgages, you can choose one that will ensure you can acquire your dream home in no time at all.

3. Will a home require in-depth repairs in the near future?

How a home looks today may not match how this residence looks in the years to come. As you evaluate residences, it may be beneficial to consider potential repairs.

For instance, if a house likely will require a new roof in the next few years, you may need to budget for this expense. Conversely, if a home is brand new or recently has been upgraded, you may be able to avoid costly, time-consuming repairs in the foreseeable future.

If you want to streamline your home search, you can hire a real estate agent too. In fact, if you employ a real estate agent, you can receive comprehensive support throughout the homebuying journey.

A real estate agent has a simple goal: to help you find a great house at a budget-friendly price. To accomplish this goal, a real estate agent will learn about you and your homebuying criteria and craft a personalized homebuying strategy. Plus, a real estate agent will set up home showings, offer expert homebuying recommendations and help you submit an offer to purchase your dream residence. And if you have homebuying concerns or questions, a real estate agent is available to respond to them at your convenience.

Lastly, be careful as you evaluate available homes in your preferred cities and towns. Keep in mind that no house is perfect, and any residence you buy may increase or decrease in value over time. And if you find a home that you want to buy, prepare a competitive offer, and you can boost the likelihood of receiving an instant "Yes" from a property seller.




Categories: Uncategorized  


Posted by RE/MAX Main Street Associates on 6/16/2019

Home improvement has reached new technological heights with the introduction of the Numi 2.0 intelligent toilet from Kohler. The Consumer Electronics Show recently held in Las Vegas, Nevada, saw the debut of the trapezoidal-shaped unit under the control of Amazon Alexa. When offered such a staggering variety of personalization choices, some folks might never leave the bathroom.

Mood setting

Not content to merely flush away waste, the Numi 2.0 connects via Bluetooth® to sync your favorite music into your early morning experience. If relaxing on the throne is your ideal, Numi 2.0's got your err … backside. On the other hand, if you prefer productivity during your morning go, the embedded Alexa will check traffic, weather, stock prices, or breaking news for you. Ask Alexa to access your personalized playlists to make your experience truly personal.

Set your environment with Numi 2.0’s mood lighting too. Choose from a solid glow surrounding the base and back panel to dynamic light changes progressing from color to color. And don’t forget temperature control. The Numi 2.0’s heated seat also responds to Alexa so no more shivering on cold winter mornings, while the lid raises and closes on your command.

Best of all, the Kohler app, called KOHLER Konnect®, lets you personalize your experience and preset it for you and other users so that upon your return, your voice brings you (or your family member's) preferences back to life. Download your KOHLER Konnect® app from the App Store or get it on Google Play.

Easy-peasy cleaning

Not just for the going functions, the Numi 2.0 changes the cleaning experience as well. With warm-water cleansing and adjustable water pressure, spray, and temperature options, the toilet’s self-cleaning wand, precision air dryer, and deodorizing filter practically do all the work for you.

The little extras

  • Eco-friendly dual-flush gives you a choice of either 0.6 gallons or 1.28 gallons per each flush.
  • Motion-activated and touch-free opening and closing of both the lid and the seat provide hands-free operation.
  • Chair-height seating offers ease of sitting and standing.
  • Another economy option is the power saving option that detects usage and changes the settings of the heated seat to save you energy.
  • Support in emergency power outages with up to 100 flushes.
  • Best of all, it fits into standard plumbing with only the addition of power access.

If you want to add some luxury to your lifestyle, this $7,000 (for white) or $8,000 (for black) toilet suits your needs. In high-end housing, a fantastic specialty product like this one can be a difference-maker. Talk to your luxury real estate professional about how it can increase your home's value.




Categories: Uncategorized  


Posted by RE/MAX Main Street Associates on 6/9/2019

Preparing to buy a home is a long and stressful process for many. You’ve spent months, or even years, saving for a down payment, planning your future, and building your credit to ensure you get the best possible interest rate on your loan.

Then you find out, when getting preapproved for a mortgage, that your credit score dropped by a few points. So, what gives?

There’s a lot to understand about how credit scores affect mortgages and vice versa. In today’s post, I’m going to attempt to cover everything you need to know about how applying for a mortgage can affect your credit score so you’ll be prepared when it comes time to buy a home.

Prequalification, preapproval, and credit checks

There are a lot of misconceptions about what it means to be preapproved or prequalified for a loan. Some of it is due to the jargon that is used in real estate transactions, and some of it is just a marketing technique on the part of lenders. 

So, what does it mean to be prequalified vs preapproved?

The short version is that getting prequalified is a quick and easy process to determine whether you’re eligible to lend to and how much you’re likely to receive. It involves a quick review of your finances, and often includes either a self-reported or soft credit inquiry.

A “soft inquiry” is the type of credit check that employers typically use for a background check. It doesn’t affect your credit score, as you are not applying to open a new line of credit. In fact, many lenders’ process for prequalification is a simple online form that doesn’t even require a credit check. We’ll talk more about the difference between soft inquiries and hard inquiries later.

The simplicity of prequalification makes it a simple and easy way to get started. But, it isn’t always accurate in how well it predicts the type of mortgage and loan amount you can receive. That’s where preapproval comes in.

When you get preapproved for a loan you fill out an official application (you often have to pay for these). This will request documentation for your finances and assets, and will ask your approval to run a detailed credit report.

These credit reports are considered “hard inquiries” and are a vital step in getting approved or preapproved for a mortgage. However, they also, at least temporarily, lower your credit score.

Why hard inquiries lower your credit score

When any creditor, be it a bank or credit card company, is determining whether to lend to you, they want to know that you are a safe investment. To determine this, they want to know how frequently you pay your bills on time, how much you owe to other creditors, and how financially stable you are right now.

When you make multiple inquiries in a short period of time, it’s a red flag to lenders that you might be in trouble financially. Thus, hard inquiries will lower your credit score for 1 to 2 months.

Applying to multiple lenders: the silver lining

When borrowers apply for a mortgage, they often shop around and apply to multiple lenders. While it may seem that all of these hard inquiries will add up and drastically lower their credit score, this isn’t the case.

Credit bureaus take into account the source of the inquiries. If they realize that you are applying for mortgages, they will typically recognize this as rate shopping and group these applications together on your credit report, counting them only as a single inquiry. This means your score shouldn’t drop multiple times for multiple mortgage preapprovals that were made within a small time frame.


Now that you know more about how mortgage applications affect your credit score, you can confidently shop around for the best mortgage for you and your family.




Categories: Uncategorized  


Posted by RE/MAX Main Street Associates on 6/9/2019

You may have seen them, a circle with all the colors of the rainbow and then some. This is what is called a color wheel. You may think what in the world would I need one of those for? Yes, interior designers and artists use them as a tool to make design decisions. The color wheel is also helpful for many other individuals in everyday living situations. Quilters and tailors often use the theory of the color wheel. The color wheel is also handy to those in marketing or anyone putting together presentations.

The Basics

You will find the color wheel has 12 different colors to make a full spectrum. When you break the wheel down, you see three categories: primary, secondary, and tertiary. The primary color category is made up of red, blue, and yellow. Like the most basic of boxes of crayons. All other colors are created out of the primary colors. For example, secondary colors come when you mix any two primary colors. Orange, green, and violet are secondary colors. 

Finally, tertiary colors appear when you combine one primary color with a secondary from one side or another of that primary color on the color wheel. Think of the giant box of crayons: yellow-orange, red-orange, red-violet, blue-violet, blue-green, and yellow-green are tertiary colors. 

Color wheel usage

When using the color wheel, it helps to know what different color combinations there are and how they can be used. There are multiple ways to experiment with how the colors combine with the help of the color wheel. You can have complimentary colors which are located directly across the circle from each other. They are common color patterns you will see such as red and green during the holiday season. This combination is a very strong visual when you see them together. A calming, subtle color combination that you can use is the monochromatic combination. Mono meaning one makes this a mix of different shades of a single color. 

Similar to monochromatic is analogous, meaning the colors are similar or corresponding and you can find these colors next to each other on the wheel. This combination is perhaps the easiest to design with. When you lay a triangle over the wheel, each point will rest on a color that when used together is called a triadic color combination. This combination is one of the most common you can use when designing almost anything.

Next time you drive down your local street take note of the color wheel combinations on the houses, commercial buildings, and signage. Use of complementary color combinations is especially crucial in addressing curb appeal. House and trim colors that clash can be an instant turn off to passersby. If you need help deciphering which colors most accentuate your home's architectural details, seek a design specialist and turn your home into the most exciting house on the street.




Categories: Uncategorized  


Posted by RE/MAX Main Street Associates on 6/2/2019

Being in the market for a new home can be both an exciting experience and a scary one! It not only represents a huge financial commitment, but it also forces you to step out of your "comfort zone."

That's especially true if you're a first-time home buyer. When you make the switch from being a renter to a home owner, you no longer have the "luxury" of depending on your landlord for repairs, yard maintenance, or help with plumbing emergencies. Now, when the AC quits or the furnace conks out, the responsibility (and cost) of getting it fixed rests squarely on your shoulders!

Fortunately, there are steps you can take to minimize the possibility of incurring major expenses during the first couple years of owning a home. While there are (usually) no guarantees that household mechanical systems won't fail or that other crises won't befall you as a new homeowner, there are choices you can make that will reduce the chances of being saddled with unexpected expenses.

Buying a home with a newer roof, energy-efficient appliances, updated HVAC system, and a dry basement are four ways you can sidestep many predictable problems down the road. Wear and tear will eventually take its toll on everything from hot water heaters to microwave ovens, but if you can postpone having to replace appliances, roofs, and climate-control systems for several years or more, it will be a lot easier on you and your budget!

So all things being equal, home ownership will be more pleasurable and affordable if you choose a home with recent upgrades, replacements, and improvements -- preferably, those done within the past five or ten years. Besides comparing the maintenance history of houses you're considering, there's also the essential step of hiring an experienced structural inspector. When you've narrowed down your house-buying possibilities to one preferred home, a property inspector can help you identify "red flags" and potential problems before you close on that house.

As your real estate agent will probably tell you, if any major problems are identified in the home inspection process, you may be in a position to renegotiate the agreement or withdraw your offer, entirely. Since legalities are often complex and every real estate transaction is different, however, it's always essential to consult with an experienced real estate attorney whenever questions, problems, or complications arise in a real estate purchase or sale.

While it's a good idea to "expect the unexpected" when purchasing and moving into a new home, it pays to work with a team of trusted advisors. Working with a seasoned real estate agent, a knowledgeable real estate attorney, and a reputable property inspector will help make sure that your experience is both satisfying and relatively problem free! Knowing what you want and being adamant about what matters most to you should also serve you well in the house buying process.







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