Kimber Pope-Kettlety - Coldwell Banker Cahoone, Realtors



Posted by Kimber Pope-Kettlety on 9/17/2020

Looking to sell your home? If so, it often pays to learn about the real estate market.

A knowledgeable home seller understands how to operate in any housing market conditions. As such, this individual can plan a successful home selling journey from day one until the final closing date.

Ultimately, there are many best practices for selling a house, and these include:

1. Clean Your House Both Inside and Out

A homebuyer's first impression of your house likely will impact his or her decision to submit an offer on it. Thus, if your home has a pristine exterior and interior, you can increase the likelihood of generating plenty of interest in your residence.

To boost your house's curb appeal, you should mow the front lawn, trim the hedges and perform myriad home exterior maintenance. Also, if there is chipped or cracked siding or other home exterior issues, you should complete assorted home exterior repairs as soon as possible.

When it comes to your home's interior, you should allocate significant time and resources to clean and declutter. Mop the floors, wipe down countertops and clean each room of your house. In addition, remove excess items from your home to show off the full size of your living space.

2. Conduct a Home Appraisal

What your home is worth today is unlikely to match what you initially paid for your house. Fortunately, a home appraisal can provide you with a good idea of the current value of your house based on its age, condition and other factors.

During a home appraisal, a property appraiser will evaluate your residence. Then, the appraiser will provide a property valuation.

With a property valuation in hand, you'll be able to establish a competitive price for your residence. And as a result, you can boost your chances of a quick home sale.

3. Collaborate with a Real Estate Agent

Selling a home may seem like a long, arduous process. However, if you collaborate with a real estate agent, you can take the guesswork out of selling a residence.

A real estate agent will learn about your home selling goals and help you plan accordingly. Therefore, if you need to sell your house quickly, a real estate agent is happy to assist you. Or, if you prefer to take a wait-and-see approach to the housing market, a real estate agent can help you do just that.

Furthermore, a real estate agent is a home selling expert who can provide recommendations and suggestions. If you have questions about how to upgrade your house's exterior, a real estate agent can put you in touch with local landscapers and contractors. Comparatively, if you're unsure about how to price your house, a real estate agent can provide you with housing market data to help you make an informed decision.

When it comes to selling a house, working with a real estate agent is ideal. Reach out to a local real estate agent today, and you can seamlessly navigate the home selling journey.




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Posted by Kimber Pope-Kettlety on 9/10/2020

Depending on how many years you’ve been working, retirement can seem like it’s too far in the future to worry about or too close to be able to effectively make any real change.

 However, retirement is about more than doing the math and investment planning. Retirement includes making several life decisions, and considering things you may not have thought of before.

 In this article, we’re going to talk about planning aspects of your retirement including your home and assets, your savings and investments, and setting and achieving goals for yourself.

Pay yourself first

If it feels like your paycheck is spent before you get a chance to set any aside each week, you’re not alone. However, it’s never too late to start setting aside money for retirement. The “pay yourself first” theory states that you should set aside a certain amount for bills, savings, and retirement plans before you spend a dime of your paycheck each week.

The easiest way to achieve this is to take advantage of an employer-based contribution matching program such as a 401K. However, if you are self-employed you can still open up an individual retirement account (IRA) or a Solo 401K. With an IRA, you determine where you want to invest your money, and can choose safer or riskier investments based on your own preferences.

Draw up your plan, literally

There’s no better way to start planning than to actually sit down with a notebook or your computer and start figuring out what you want to save and how you want to achieve those savings.

You’ll want to determine how much money you can accrue in your savings account, estimate the price of your assets and properties, and look at the projected return on investment for any IRAs or 401Ks you have in place.

As you likely know, these numbers are all projections. There’s no way to know for sure how much your home will be worth, or how well your investments will do by the time you’re ready to retire.

So, one of the most important aspects of making this checklist is to return to it yearly to determine if you should change your investments or alter your retirement goals.

Determine your lifestyle needs

Whether you have dreams of settling down in a quiet town for retirement, touring the country in an RV, or traveling the world, you’ll need to find out how you can make it possible on your retirement plan.

You and your spouse will need to sit down and draw up a plan for your mutual retirement goals. Determine which expenses you can do away with in retirement so that you can fulfill other goals. Having these conversations now will help you more effectively plan for the future. And, remember that the time of your retirement is always closer than you think.  




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Posted by Kimber Pope-Kettlety on 9/3/2020

Selling a home may prove to be a long, exhausting journey, particularly for those who fail to plan ahead. In fact, there are many reasons for home sellers to map out the home selling journey, and these reasons include:

1. You can identify any potential home selling pitfalls.

Although selling a home should be a quick, seamless process, problems may occur without notice that prevent you from optimizing the value of your house. Fortunately, if you plan ahead for selling your house, you can take the necessary steps to identify and address potential home selling pitfalls.

For example, conducting a home inspection before you list your residence may prove to be exceedingly valuable. This inspection enables a property expert to detect any underlying problems with your home. Then, you can use the inspection findings to prioritize home improvement projects. And once you complete these projects, you can enhance your house, increasing the likelihood of a profitable home sale.

2. You can improve your house's appearance.

Let's face it – few homebuyers likely will be attracted to a home with a messy, cluttered front lawn. Luckily, a home seller who prepares for the home selling journey can revamp a house's exterior and eliminate any eyesores.

A home seller may notice assorted home exterior problems if he or she takes an objective approach. By doing so, a home seller can consider a homebuyer's perspective and devote the necessary time and resources to bolster a house's curb appeal.

With a stunning home exterior, a house is likely to stand out from similar properties that are available. As a result, a home with superior curb appeal may generate lots of interest from potential buyers as soon as it becomes available.

3. You can get the support that you need to succeed.

No home seller should be forced to move along the home selling journey alone. If you hire a real estate agent before you list your house, however, you can get the support that you need to succeed.

A real estate agent understands the ins and outs of selling a house and can help you plan accordingly. Therefore, this housing market professional will make it easy for you to get the best price for your house, regardless of the current real estate sector's conditions.

Typically, a real estate agent will meet with you and learn about you and your house. This housing market professional next will tailor his or her home selling efforts to ensure that you can achieve your desired results.

A real estate agent also is ready to respond to any home selling question. For a real estate agent, there is no such thing as a "bad" question. This means you can ask a real estate agent any question about selling your house, and this housing market professional will provide you with a thoughtful response.

Clearly, there are many reasons to plan ahead for the home selling journey. If you start planning to list your house, you can improve your chances of enjoying a successful home selling experience.





Posted by Kimber Pope-Kettlety on 8/27/2020

Image by Charles ???? from Unsplash

Part of buying a home is researching the market and your finances. Most lenders require you to put at least 20 percent down or pay private mortgage insurance (PMI). Since PMI is a cost that does not lower your interest rate or principal, it’s almost always better to save up that hefty down payment. Lenders charge PMI to cover some of their risk if you do not put the 20 percent down to create equity. Conventional loans backed by Fannie Mae and Freddie Mac always require PMI if you do not put 20 percent down.

Avoiding PMI

In some cases, you could avoid PMI by taking out a special loan or a VA loan. VA loans are only available to veterans, but require very little down or even zero down. The VA doesn’t actually give you the loan—it insures your loan against default. Conventional loans not backed by Fannie Mae or Freddie Mac often have higher interest rates. These two programs are also government-insured loans.

Other reasons to avoid paying PMI include:

  • Tax laws change every year. As of 2017, PMI was no longer deductible, which means that you lose that offset.

  • The lender is the only beneficiary. If you should die before your loan is paid off, it will pay only the lender and only for the balance on the home.

  • You pay PMI until the equity on your home reaches 20 percent. If the market was good when you bought the home, but it tanks a couple of years later, you could be stuck paying PMI for many years.

  • Some lenders require you to pay PMI even after the equity in your home reaches 20 percent. If you do have to take PMI, always read the fine print.

  • Finally, PMI is difficult to cancel. You will need to write a letter to your lender to cancel the PMI. Until you hear from the lender, you will be stuck paying those premiums every month.

  • PMI ranges from .5 percent to 1 percent of the amount you borrowed paid out in equal monthly payments every year. Thus, a loan amount of $200,000 could have a $2,000 per year PMI premium, which is about $167 per month added to your mortgage payment until the lender agrees to cancel the premiums.

Saving the Down Payment

In addition to saving for a down payment, you may qualify for some down payment assistance programs such as the first-time home buyer’s program. These programs help you get that 20 percent so that you do not have to pay PMI. If you have a retirement account, you may be able to use money from that account to help with a down payment.

Though it may seem painful to pay such a large chunk of money, it saves you from paying insurance premiums and it lowers the cost of the loan since you don’t pay interest on the down payment and it is applied to the principal.




Tags: PMI   Mortgage   down payment  
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Posted by Kimber Pope-Kettlety on 8/20/2020

A yard sale offers a valuable opportunity to get rid of items before you sell your house. As such, it is important to promote your yard sale effectively; otherwise, you may miss out on a chance to declutter and earn extra cash at the same time.

Ultimately, there are many quick, easy ways to stir up interest in your yard sale, such as:

1. Post flyers in your city or town

Old-fashioned flyers can help you promote your yard sale to large groups of people in your city or town. That way, you can create a buzz around your event and increase the likelihood of selling your stuff.

If you use flyers to promote your yard sale, be sure to include essential information like the location, date and time of your event. Also, using bright, vibrant paper and colorful markers may help your flyers stand out.

Ensure that all of your yard sale flyers are legible, accurate and easy to understand. This will help minimize the risk of miscommunication with potential event attendees.

Of course, it never hurts to ask business owners for permission to post flyers at local companies, either. The more flyers that you post, the more likely it becomes that your yard sale will be a resounding success.

2. Create an online posting

An online posting makes it simple for you to provide details about your yard sale to large groups of people.

Putting an online posting on Craigslist or local community websites may prove to be worthwhile. And in some instances, you may even be able to include photos of items that you plan to sell at your yard sale.

In addition, invite friends on Facebook and other social networks to attend your upcoming yard sale. By doing so, you can boost your chances of stirring up substantial interest in the days leading up to your event.

3. Select the right date and time

Oftentimes, Saturdays and Sundays are the best days to host a yard sale, and for good reason. Many people don't have to work on weekends, and as a result, may have free time to attend your yard sale.

After you know which day of the week that you want to host your yard sale, consider the date and time of your event closely.

Take a look at the holiday calendar, and you should have no trouble selecting a yard sale date that works well for most people in your area.

Think about the time of your yard sale too. And remember, if you host a yard sale that coincides with local community events, it may be difficult for some people to attend.

Lastly, if you need extra help stirring up interest in your yard sale, don't hesitate to reach out to your real estate agent. This housing market professional may be able to share details about your upcoming yard sale with clients and colleagues.

Generating buzz in a yard sale can be easy, and with the aforementioned tips, you can stir up plenty of interest in your event.




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Kimber Pope-Kettlety