Kimber Pope-Kettlety - Coldwell Banker Cahoone, Realtors



Posted by Kimber Pope-Kettlety on 1/16/2020

The home selling journey can be long and time-consuming, particularly for those who are listing a residence for the first time. Lucky for you, there are many quick, easy ways to avoid the danger of becoming a "typical" home seller, i.e. someone who lacks the skills and know-how to generate plenty of interest in his or her property.

Now, let's take a look at three tips that you can use to become an expert home seller.

1. Review the Current State of the Housing Market

The housing market often fluctuates. As such, a buyer's market today may quickly morph into a seller's market tomorrow.

Ultimately, an expert home seller will allocate the necessary time and resources to learn about the current state of the real estate market. He or she will be able to identify housing market patterns and trends and collect extensive real estate market data to map out the home selling journey accordingly.

To learn about the housing market, take a look at some of the houses that are currently available in your city or town. Evaluating available houses in your area will allow you to find out how your residence stacks up against the competition.

Also, assess the prices of recently sold residences in your region. This may help you differentiate between a buyer's market and a seller's market.

2. Analyze Your House's Interior and Exterior

For a home seller, it is paramount that his or her residence makes a positive first impression on potential homebuyers. And if you enhance your house's interior and exterior, you may be able to boost your chances of a quick, seamless home sale.

A property appraisal usually represents a great starting point for home sellers. This appraisal involves a full evaluation of your house by a property inspector. Then, you'll receive a report that outlines your home's strengths and weaknesses and will help you plan any home improvement projects.

Also, it is important to remember that there are many simple ways to upgrade your home's exterior and interior.

Home exterior improvements like mowing the front lawn and clearing dirt and debris from walkways can make a world of difference in the eyes of homebuyers.

Removing clutter from your home offers multiple benefits as well. De-cluttering allows you to free up space inside your residence as well as get rid of unwanted items.

3. Collaborate with a Real Estate Agent

There is no need to navigate the home selling process on your own. Fortunately, you can hire a real estate agent to help you remove the guesswork as you proceed along the home selling journey.

A real estate agent understands what it takes to promote your residence to large groups of potential property buyers. In fact, he or she will set up property showings and open houses, offer honest, unbiased home selling suggestions and respond to your home selling queries at any time.

Don't settle for an "average" home selling experience. Instead, use the aforementioned tips, and you can become an expert home seller in no time at all.




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Posted by Kimber Pope-Kettlety on 1/9/2020


A jumbo mortgage refers to a high-priced loan, usually meant for a luxury property. And while this loan may have once been reserved for the millionaire investors of the world, it may not be as exclusive as you think. If you're interested in what it takes to apply, it helps to understand how they work and who the best candidates are. 

A Moving Target 

To be considered for a jumbo loan, it must be above a certain minimum. However, this amount will differ based on where you purchase your home. The minimum for a jumbo loan in Beverly Hills will be much higher than the minimum in Kansas City due to the discrepancies between median home prices. These values will rise and fall depending on the local economy and average property appraisals, so buyers will need to do a little research into their city's criteria.  

Lender Terms 

Jumbo mortgages are available in a variety of options, similar to a conventional loan. Unsurprisingly, lenders tend to be a little pickier when it comes to who they approve and who they reject. A single application may go through several underwriters to arrive at the final answer. They're looking for exceptionally high credit scores and equally low debt-to-income ratios. 

It's the lender who dictates the exact terms of the loan, though historically, jumbo loans have had higher interest rates. However, it should be noted that this is not a hard-and-fast rule. Interest rates have been known to come down based on the caliber of people who apply. The more qualified applicants, the less overall risk the lender assumes. 

In addition, the jumbo mortgage minimum down payment has been relaxed to just 5% to allow a more level playing field (especially for people in high-priced markets). Despite this though, most lenders are still looking for at least 15% on a jumbo loan. Shopping around can make it easier to find a lender with reasonable terms for a jumbo loan. 

Structuring the Loan 

Adjustable-rate jumbo loans are available, but they are not the ideal choice for homeowners unless they know they'll be selling in the very near future. To avoid paying more interest than necessary, experts recommend a fixed-rate over 15 years.  

There may be a lot of fine print to a jumbo loan, but lenders are largely ensuring that the homeowner has enough in stable assets (e.g., property, savings, etc.) to cover their mortgage even if they fall on hard times. Knowing the terms can make it easier to prepare, apply, and be approved for the home of your dreams. 

 




Tags: Mortgage   Jumbo Loan   loans  
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Posted by Kimber Pope-Kettlety on 1/2/2020


 Photo by Jay Mantri via Pixabay

A deck adds valuable outdoor living space to your home's square footage, but to be an asset, it needs to be well-maintained. If your deck has missed a few annual cleanings or is showing popped nails, splintered boards or water damage, consider resurfacing it instead of replacing it. The money you save will be significant. Here's how:

Inspect Your Existing Deck

Look for rot, termite damage, warped or weakened boards and missing screws. Fix any problems you find by replacing individual boards and railings with similar materials. Make sure everything is structurally sound and sanded smooth before moving forward with the next step. 

Choose the Right Deck Wash

Step two involves giving your deck a good scrubbing to remove all traces of algae, dirt, mildew or mold that may have formed. You'll need a good wire broom or brush, eye protection and waterproof gloves, because some deck wash can be damaging to skin. You'll want to protect any nearby plants as well. Cover them in plastic while washing down your deck. 

Deck wash can be painted on, sprayed on with a garden hose, or applied with a pressure washer. A simple mixture of laundry detergent, bleach and warm water may be all it takes to begin bringing your deck back to life. Once applied, work the cleaning solution into the wood using your brush or broom. Rinse clean and allow the wood to dry before proceeding to the next step in resurfacing your existing deck. 

Apply Deck Stain

Lastly, you'll need to re-stain to apply a protective coating to your freshly cleaned decking. For older wood that still shows imperfections, try using a semi-transparent stain, instead of something that's clear. This will help to hide flaws and resistant stains.

You can spray, roll or brush the stain onto the deck, or you can use a combination of techniques such as spraying the stain down, then using a brush or roller to even out puddles and to trim out around railings. Apply the stain evenly, and then add the second and third coats while the stain is still damp. This helps keep old, thirsty wood from absorbing all the stain. Once applied, you'll need to re-stain your deck every other year to keep it looking its best. 

The total cost to replace your old deck can run upwards of $10,000, says ProRemodeler. Compare that with the $4,000 you might spend to replace worn boards and connectors, and you're looking at a significant savings. If your existing deck is worth repairing, that's usually the better option. But it must be structurally sound by the time the work is done. If you're unsure, call in a pro for an inspection. 





Posted by Kimber Pope-Kettlety on 12/26/2019

If you’re hunting for a new home, it can be tempting to make an appointment to view as many as possible. However, it can be a better use of your time to narrow down the search beforehand and eliminate houses from your list based on some at-home research. That way you can use those extra hours for fine-tuning your home search and make sure you visit only the houses that will suit your every need.

In this article, we’ll teach you some ways to research a home, neighborhood and town before you take the time to visit.

Things to Research about Your Potential New Neighborhood

So you’ve found a listing that looks nice. Your next step should be to find out as much as possible about the area the home is in to make sure it suits your needs.

A good first step is to head over to Google Maps to find out which amenities are in the area. Schools, banks, grocery stores, restaurants, hospitals, parks… the list goes on. This is also a good time to map out how long it will take you on average to drive to work from this house and to see if it will lead you through any high-traffic areas that might affect your daily schedule.

You can also research other homes in the area to see if the house is selling higher or lower than average. This will give you a question to ask the real estate agent if you choose to reach out for further information.

Town statistics

Another step to take on Google for this home is to look up statistics for things like neighborhood crime, ratings for the school district, and the state of local businesses.

Is the area up-and-coming with healthy businesses and low crime? If so, it could be worth pursuing further.

If you’re planning on having children or already do, the quality of the education could be of importance to you.

Finally, get an idea of the local tax rates so you know how much you’ll owe the government for your property and excise taxes.

Researching the house itself

If you’re comfortable with the town and neighborhood, there’s still some research you can do online before you schedule a showing.

See if you can find out if the house belongs to a homeowner’s association. Look up their rules and fees to see if they’re agreeable to you and your family’s lifestyle and plans for the future.

Look up the sale history for the home. If there are several recent sales, this could be a sign of problems with the home or neighborhood. Similarly, if the price has increased or decreased dramatically more than nearby houses, consider asking the real estate agent why this is.

Finally, see if you can view the number of days the home has been on on the market, commonly abbreviated as “DOM.” This will give you some insight as to how desirable the home and neighborhood are.


Once you have all of the information at your disposal, you’ll be in a position to decide whether or not to schedule an appointment to view the home.





Posted by Kimber Pope-Kettlety on 12/19/2019

Home improvements are a vital part to keeping your home up-to-date with the times and also to ensure that it doesn’t lose value when it comes time to sell.

To save money, many homeowners take the do-it-yourself route and use the tools at their disposal to upgrade their homes. Sites like YouTube have made it easier than ever to follow step-by-step tutorials that show you how to make substantial repairs and upgrades to your home without having to pay a professional.

The down side, however, is that when you choose to DIY, you take on the risk of going over budget by making mistakes. You also risk stretching out your project weeks or months longer than necessary due to a lack of time to work on it.

In today’s post, we’re going to talk about how you can stay on budget and on track to finish your home improvement project without bringing in the professionals.

Making a timeline

Let’s start with the big picture for your home renovations. When deciding which improvements to make, it’s important to know your limits in terms of the work you can do.

Set a reasonable number of hours you can work on your projects per week. Go easy on yourself. Most of us are already tired when we get home from work and probably won’t be able to start tackling big projects in the evenings. Rather, try to give yourself one weekend day to work on your projects and one weekend day to relax.

The most important aspect of creating your timeline is to try and keep your schedule open. So, write down the time you want to work on your home in your calendar, planner, or whichever app or tool you use to plan your time.

This will help you to avoid creating conflicting events and obligations, and help you stay on track to finishing your improvement projects.

If you’re looking for an evening activity related to your home improvement projects, it’s a good idea to start watching some video tutorials of people doing the same renovations as you. This will help you avoid mistakes and look out for common obstacles that you’ll face along the way.

Budgeting your improvement

You’ll want to save up for your project in advance, if possible, to avoid accumulating credit card debt. Your home improvement project should, in effect, gain you money by increasing the value of your home, not make you lose money on credit card interest payments.

Budgeting in itself is an art that few of us are taught in school. Fortunately, there are several free budgeting apps available. Or, you can simply draw one up yourself.

The key to creating a home improvement budget is to know how much of your monthly savings you can devote to this project without having to dip into other funds. To do this, you’ll need a clear understanding of where your income goes.  

Once you have a budget and a timeline for your home improvement project, you’re ready to begin. Just make sure you check in on your timeline and your budget throughout the length of the project to make sure you’re meeting your goals and aren’t overspending.




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Kimber Pope-Kettlety