Anthony Joseph Real Estate LLC



Posted by Anthony Joseph Real Estate LLC on 4/18/2019

Home valuation is one of the tricky areas of real estate. In general, you want a high appraisal and a low assessment. But shouldn't they be the same? Well, in a perfect world your assessment and your appraisal would be the same, but you don't want the world to be perfect in this regard. Here's why:

Appraisal

An appraised value comes from the report completed by a licensed professional appraiser to determine property value at a specific point, typically for a buyer to obtain a mortgage. It is a tool used by underwriters for lenders to determine if the home has enough collateral for the loan needed to purchase or refinance it.

Appraisers compare the home to similar properties in their evaluation. They look for both similarities to find a base value and difference to increase or decrease the value such as the roof's age, livable square footage, exterior materials, upgrades, and other finished. Using these numbers and other valuation formulae such as the cost to rebuild the home (similar to your homeowner insurance values), and potential income from rental or other uses, the appraiser determines a possible value.

The market value is not the same as the appraised value, however. While it starts with the appraised value, other determiners such as the desirability of the area, or circumstances such as a tornado, hurricane, or eminent domain issues may adjust the market value above or below the appraised value.

Assessment

A home's assessed value typically comes from the taxing authority for the municipality. It is the method of determining the tax basis (or valuation) of the property. The tax assessment is a percentage of that value that the homeowner pays annually to provide the municipality money for water and fire services, schools, capital improvements to roads, bridge, and public parks and additional essential services.

The amount of the percentage and its designations differ for every taxing authority, so a home in one neighborhood might have a different assessed value from an identical house in another block nearby if the boundary lines for the taxing authority (school district, for example) differs.Some counties and cities reassess homes only when they sell, while others have periodic assessments. And the percentage rates of the assessments change when voters approve various tax levies for a variety of purposes.

An appraisal affects your ability to obtain a mortgage for your home while an assessment relates to the ongoing yearly tax expenses. Since a third factor determines the home's selling price, the market value, your professional realtor should guide your understanding of how these factors affect your home purchase or sale.




Categories: Uncategorized  


Posted by Anthony Joseph Real Estate LLC on 4/11/2019

Buying a home will likely be one of the largest financial decisions you will make in your lifetime. While this may seem scary at first, itís worth noting that buying a home can also be a valuable financial investment.

When it comes to preparing to buy a home, many people just wait until they run out of room in their apartment before deciding that they need to upgrade to a home. A better approach, however, would be to start planning for your first home a year or more in advance.

Saving for a down payment is a vital step to making the best long-term financial decision. A larger down payment can help you pay off your home sooner, pay thousands or tens of thousands less in interest, and start using your home equity as an asset.

But, saving for a down payment is easier said than done. So, in this post, weíre going to talk about some of the ways you can aggressively save for a down payment so that, when the time comes, you can achieve long-term financial security from your investment.

Setting your savings goals

The first thing you should be thinking about when saving for a down payment is what your goals are in a home. Setting realistic goals in this phase will make saving for your down payment more feasible and less discouraging.

Think about what you really need from a home at this point in your life and compromise where you can.

Remember that on top of your monthly mortgage payments, youíll likely also be paying for taxes, insurance, utilities, homeowners association fees, and more.

Save on a timeline

When setting your savings goal, make sure youíre aware of the timeframe youíre working with. If you want to buy a home next year, youíll need to focus on short-term savings options. However, if youíre okay with renting for the next 5 years, investing your money could be a better option.

Lock away your savings

Treat your down payment savings like an emergency fund. Open a separate account, automatically deposit a portion of your pay into the account, and never withdraw from it. To do this, you will, of course, need to already have an emergency fund with a monthís expenses in it.

However, once youíve established your emergency fund, start immediately depositing into your savings account.

Pay off credit cards

It may seem like saving for a down payment is more pressing than paying off old debt. However, the numbers will show that making interest payments on your credit cards is essentially throwing away money that could have been used toward your down payment savings.

Adjust your spending habits

While it isnít easy to start spending less once youíve built a standard of living, there are ways to spend less money and still lead a fulfilling life. Think about where your money goes each month, including bills and services you might pay for.

Now could be the best time to cut the cord and start using a service like Hulu to save $50 or more each month.

Time for a raise?

If itís been some time since your last pay raise, now could be an ideal time to speak with your employer. To improve your chances of success, donít discuss reasons outside of work that might be influencing your decision to ask for a raise (such as saving for a down payment). Rather, back up your request with evidence of your accomplishments at work.




Categories: Uncategorized  


Posted by Anthony Joseph Real Estate LLC on 4/4/2019

People tend to procrastinate when it comes to cleaning the house. Well, that shouldn't be much of a shocker as cleaning a messy house is never a pleasant job. So, you keep procrastinating until you have some guests coming over or can't deal with the feeling of living in a dirty house anymore. Frustrating, right?

If you are one of the millions out there who fall under these categories, then you are at the right place (or page) as compiled here are a couple of easy tips to back the sparkle in your home in an hour or less. Doubt it? Then, stick around as to discover how the trick works.

Pre-cleaning Tips

Step One: Get the Juice Flowing with High-Tempo Music

Cleaning your house doesn't have to be a tiresome, daunting task that you must check off your to-do list. Make it fun, easy, and fast with tempo music. Background music aims to keep you active and happy through the task. So, you can choose any music mix you love and get the volume up.

Step Two: Draft a Plan and Stick with it

Have you ever wondered why it is easier to clean someone else's house than your own? It is because you have no attachment or distraction in the house. No photo albums or old magazines are screaming for attention. Try employing the same level of focus while cleaning your home. Ditch the photo albums or magazines or quickly tuck them away first. Draft an hour plan and stick with it. No breaks or timeouts or cellphone checks. Put in all your focus, and you will finish in an hour or less.

Step 3: Always Start at the top

Our first big tip is to start from the top, irrespective of the room or activity with which you begin. Cleaning from the top ensures that dirt and dust from higher surfaces fall on Ďuncleaned' lower surfaces. This order helps eliminate the time you would spend re-cleaning lower surfaces.

Step 4: Learn to De-clutter

Whether it is the living room, kitchen, or any other part of the house, always learn to organize the area before cleaning. This way you will have things off the floor and where they are supposed to be.

Step 5: Spray and Allow to Sit

An easy way to get the dirt off your tub or counters or wall is to sprinkle cleansers on them and allow it to sit for some minutes before scrubbing. The trick is that the cleansers, like detergents, help break the bonds (especially in greasy stains), making it easy to wash off. You could use the time between spraying and scrubbing to clean other areas of the house.

Step 6: Save the Floors for the Last

This point helps emphasize the importance of Step 1. Endeavor to start all cleaning activities from the top and save the floors for the last cleaning step. Organizing helps prevent spending extra time re-cleaning the floors.

Cleaning the house does not have to be a tedious and daunting exercise to check off your to-do list. Follow the steps mentioned above religiously, and you will find cleaning to be a fast and easy exercise that isn't worth procrastinating. Get your home sparkling in an hour or less!

Keep these tips in mind when your real estate agent calls for that last minute showing.




Tags: cleaning tips   showing  
Categories: Uncategorized  


Posted by Anthony Joseph Real Estate LLC on 3/28/2019

Successfully selling your home in the shortest period of time is generally an achievable goal, but there are many potential pitfalls to be aware of. Although one of the most important steps you can take involves hiring an experienced, proactive real estate agent, your own attitude and beliefs can have a major impact on things like the final selling price and how long your house stays on the market.

While your real estate agent can provide valuable guidance, advice, and marketing help, there are certain things that only you, the home owner, can do. Maintaining a positive outlook is one of them.

If you have self-defeating attitudes and beliefs, you may be undermining the sales process and keeping potential buyers at a distance. Here are a few examples of how your own negative attitudes can be a major stumbling block to getting your house sold quickly and for an optimal price.

Unrealistic beliefs: Sometimes sellers are so emotionally connected to their homes that they're unable to relate to the viewpoint and perspective of potential buyers. Pricing, for example, should be based on objective criteria and comparative data, rather than emotional attachment or perceived value. If the price you're asking for your home is significantly above the actual market value of your property, then that will raise red flags in the minds of both prospective buyers and mortgage lenders. Although you want to get the highest possible price for your family's home, it has to be based on a realistic range that would be acceptable to both buyers and lenders.

False expectations: Homeowners who expect prospective buyers to recognize the intrinsic value of their home, even though the paint is peeling and the bathrooms have never been updated, are setting themselves up for disappointment and failure! When you factor in human psychology and the competitive nature of the real estate market, it becomes apparent how vitally important first impressions and overall presentation are to the marketing a home.

Pessimism: Although positive thinking, alone, is not going to get your house sold, it can help give you that extra boost of energy and motivation to make sure your home is clean, organized, and visually appealing. Pessimism, on the other hand, can cause you to be less thorough, attentive, and conscientious about keeping your home immaculate, fresh, and ready for potential buyers. If there's any hint of the house being unclean, in disrepair, or cluttered, then you've lost your opportunity to make a positive first impression.

Finding and working with a real estate agent who's got a solid sales record and a proactive approach to selling houses is among the key ingredients to getting your home sold quickly and for the best possible price. Although they'll be doing the lion's share of work when it comes to marketing your property and coordinating the details, your support and cooperation plays an important role in the ultimate success of their efforts.





Posted by Anthony Joseph Real Estate LLC on 3/21/2019

Deciding to put up a fence on your property may seem like a simple decision, but there are a lot of things to consider before hiring a contractor to get it done.

One question to ponder is whether your neighbors might be offended or annoyed by the sudden appearance of a fence near the edge of their property. The answer to that question would partly depend on your relationship with your neighbor, the size of your lot, and whether the fence is tasteful or an eyesore. The problem with that standard is that "tasteful" is in the eyes of the beholder!

Tall fences can and sometimes do have a way of changing the look and feel of your immediate neighborhood, so the installation of a fence could potentially cause resentment from other property owners. The decision to put up a fence on your property is a personal one, but there's also a lot of value in maintaining friendly neighbor relations. (It can be a delicate balance!)

One Step at a Time

In some places, local ordinances or Homeowner Association rules may impose restrictions on fences and other structures. Many towns and municipalities require that you (or your contractor) obtain a building permit before putting up a fence, so a quick phone call or email to the appropriate local official can shed light on requirements, restrictions, and other assorted rigmarole!

Since the cost of installing a fence can easily run into the thousands, it always pays to get a few estimates and proposals from reputable fence companies. Other decisions include choosing the best height and composition of the fence. Fencing materials range from metal and chain link to vinyl and wood. Composite fencing materials are also an option.

Your choice will depend on a lot of factors, including cost, durability, maintenance aspects, and appearance. Online information, free brochures, and meetings with contractors can help you learn more and make an informed decision.

Once you've moved beyond the potential issues of installing a fence on your property, there are several distinct advantages to fencing in your back yard.

  • Enhanced privacy: While "privacy" can mean different things to different people, a tall fence offers an immediate solution to a variety of privacy-related problems. 
  • Pet containment: If you don't always have the time or energy to take your dog(s) for a walk in the neighborhood, it's a major convenience to be able to let them out in a contained area to relieve themselves and get a little fresh air. It can also be a good way to keep them safe and out of trouble!
  • Wildlife barrier: Although there are often gaps at the bottom of fences that prevent fences from being completely wildlife-proof, a properly installed fence can drastically reduce the chances of wildlife sneaking their way into your back yard. Whether you want to protect your vegetable garden or pets from wild animals, a solid fence can be the barrier that you need.
  • Increased security: While fences are not always an impervious barrier to burglars, trespassers, and other intruders, it does provide some protection from those potential threats.
If you're searching for a new home or looking to improve your existing property, the right kind of fence can provide you and your family with a myriad of benefits.