Keller Williams Capital Properties, Robert McGlothlin

Avoid the Top 6 Mistakes New Homebuyers Make
  • Post By : New Home Ambassador
  • home buyers,home buying,new homes,new home construction

 

 One of the biggest mistakes new homebuyers make is assuming that everything in their house will work perfectly because it’s brand new.

No matter how precise and careful builders are, there is no such thing as a perfect house, asserts Diane Saatchi, a senior vice president at real estate firm The Corcoran Group’s East Hampton, N.Y. office. The company has offices throughout New York and South Florida.

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Top 10 Reasons Home Buyers Prefer New Homes vs. Used
  • Post By : New Home Ambassador
  • new homes,new home construction,new home ambassador,new home builders

Top 10 Reasons Home Buyers Prefer New Homes vs. Used

 

Today's new homes offer more benefits than ever before. Here's a quick list of the Top 10 reasons why so many home buyers prefer new homes to used houses: 

1) Design Your Dream Home Your Way: Why settle for someone else's choices when you can select your favorite cabinets, countertops, appliances, carpets and flooring? While you're at it, you can choose gorgeous bath and kitchen fixtures, lighting and other options that you love. Your new home will reflect your style, not someone else's taste. 

2) Choose a Floor Plan and Room Layout that Meets Your Needs: Want a master bedroom on the first floor? It's yours. With massive his and hers walk-in closets? Done! Want high ceilings and a luxurious, resort-style master bath? Perhaps you'd like a sitting room with a fireplace in your owner's suite or French doors that open to your private patio or the pool? It's easy, when you build your master suite your way. 

3) All New, Under Warranty: A used home likely has tired products that may soon need replacing. Your new home — and the products that comprise it — are brand-new and under warranty. What's the cost to replace a roof, appliances, countertops or a water heater on a used home? Those components of your new home feature the latest designs and building materials and should offer you years of comfort and enjoyment before needing replacement. 

4) Energy and Cost Savings: Today's new homes are far more energy efficient than homes built just five years ago. Versus homes built ten or 20 years ago, It’s game over, advantage new. Why settle for drafty, energy-wasting single-pane windows in a used home? Many new homes offer double or even triple-pane windows. Special window coatings and inert gases between the layers of glass are often available, saving you even more energy and money in both heating and cooling season. 

5) Comfort and Indoor Air Quality: Today's new homes meet stringent energy standards and codes not in place in the past. They combine high-performance energy efficiency with state-of-the-art ventilation and air filtration. The result is year-round, draft-free comfort and higher indoor air quality. 

6) Low Maintenance: New cars today are computer-designed and computer-equipped. That's why they perform much more reliably than a car that's 15 or 20 years old. Homes are the same. Today's new homes have open floor plans and high ceilings that reflect the way we live today. They're also made of cutting-edge building products that require less care and maintenance. Another plus? The latest building systems and components are designed and engineered to work together. 

7) Community Amenities: Many new homes are built in lavish master-planned communities with resort-style community centers, pools and clubhouses. Many new home communities also feature hiking trails, protected open lands and some of the best new schools and shopping near (or even within) your new home community. 

8) Advanced Technology and Design: It's possible to replace all of the single-pane windows in a resale home with today's high-performance windows. It's also possible to add insulation to a used home. However, it's very expensive to replace dated appliances, cabinets and countertops in a used home — and you still won't have the high ceilings you dream of on the first floor of an older two-story home. All are reasons to build your new home your way, to reflect the way you live today. 

9) Safety: State-of-the-art circuit breakers. Electric garage door openers with infrared beams that stop if a tricycle or child is too near. High-efficiency furnaces and air conditioners that use the latest environmentally-friendly coolants. Cabinets, carpets and paints that use fewer volatile organic compounds, so that you and your family can breathe easier. 

10) That New Home Feel: A used home was someone else's dream, not yours. It reflects their choices and family memories. You may learn to love avocado-green appliances (and you may be willing to scrub stained countertops or grease-encrusted ovens and cooktops) but more and more people prefer that never lived-in feel. 

After all, when was the last time you went to a department store and selected used clothes? Or visited a car dealer and paid more for a used car than a new car? 

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OUTDOOR LIVING IS A HUGE FACTOR IN HOME BUYING DECISIONS
  • Post By : New Home Ambassador
  • new home construction,outdoor living,home buying

Research has shown that the exterior of the home is just as important as the inside when buyers are shopping for a new home.  According to Realtor.com 54% of women and 46% of men said that they would buy a home solely because of the livable outdoor space.  The need to have beautiful landscaped areas has affected purchasing decisions by buyers across the country.  People want to be surrounded by natural elements and love to spend time outdoors. Social media has driven these trends as buyers are referring to Houzz and Pinterest for design ideas.  Builders have noticed that the demand for front and back porches, firepits, outdoor gas fireplaces, outdoor kitchens, creative patio spaces and landscaping have increased in popularity with new home buyers and they are ON TOP OF IT!

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Did all politicians, reporters and newscasters all flunk history?
  • Post By : New Home Ambassador
  • new home ambassador,new homes,new home construction,new home builders

I'm sure all went to college.  You'd think they would be well versed in history. Why........because history is our best teacher and always repeats itself.

 

Headlines last week....5/12/15 "Scorecard: More Americans (finally) focus on savings!"

 

Headlines this week....5/14/15 "Consumers fail to open pocketbooks in April...

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The Not So Obvious Benefits of Buying a New Home
  • Post By : New Home Ambassador
  • new home construction,new home builders,steve rider,new home ambassador

 

Home buyers have the choice of two types of houses on the market: resale or new.

Home buyers planning to buy a brand-new house or condominium often cite energy efficiency, open layout, a warranty, and being able to select appliances, flooring, paint colors and other design elements as factors driving their choice. 

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Big changes coming to the Mortgage industry on August 1st, 2015
  • Post By : New Home Ambassador
  • new home construction,new home builders,new mortgage rules August 1 2015,TRID,Trio disclosures

 

"The new TRIO disclosures and other requirements are major game-changers for how we will originate and close mortgages.”  

-Adam Kessler, President, Academy Mortgage

 

Due to changes required by the Dodd-Frank Act, the CFPB has published   revisions to Regulations Z and X (TILA and RESPA) that will create some significant changes to mortgage lending, effective August 1, 2015.  These TILA-RESPA changes-which   Academy is calling TR ID-include   2 new integrated disclosures: the Loan Estimate and the Closing Disclosure. These new disclosure forms have been extensively tested in focus groups to assure greater clarity.

Loan Estimate form: For the last 40+ years the mortgage industry has provided borrowers with a Good Faith Estimate (GFE) and an initial Truth-in-Lending disclosure ("early TILA").  The GFE and "early TILA" forms will be combined into one new form, called the Loan Estimate. The purpose of combining the previous forms into the new Loan Estimate is to help borrowers better understand key features, costs, and risks of the mortgage for which they are applying.

 

Closing Disclosure form: This form will be created to combine the HUD-1 and the final Truth-in-Lending disclosure.

The new Closing Disclosure form must be provided at least 3 business days before the consummation of the loan. This change and others will have an impact on the industry and provides Academy the opportunity to get out in front of the news.

 

Other changes:  In addition to the new forms, several rule changes and investor overlays are among the coming TRIO changes.

 

Here is a look at Now and Next look at how mortgages are originated and closed.

 

 

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US Single-Family Landlords Are Raising Rent, now’s Your Time to Buy
  • Post By : New Home Ambassador
  • time to buy a new homoe,new home sales,new homoe construction,new home ambassador

According to recent reports, some of the largest, corporate landlords in the country are planning to raise their rents an average of 4% this year.  Corporate landlords are seeking to profit from increased demand for rental homes after building a new real estate asset class on the rubble of the housing crash, as they built up their portfolios with low-priced properties.  But as the market has improved, and home prices increased, these investors are now ready to focus on optimizing revenues.  New and refurbished apartments are now renting for even more than a single family home, and landlords recognize this.

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New-Home Sales Up Nearly 25 percent as Builders Respond to Buyer Demand
  • Post By : New Home Ambassador
  • new home construction,new home builders,new home sales,housing market

Depending on what part of the country you live in, a new-construction home may be your best way to avoid the bidding wars of the existing-home market.

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THE TAX BENEFITS OF HOME OWNERSHIP
  • Post By : New Home Ambassador
  • benefits of owning a home,tax benefits home ownership,new homes,new home construction

It’s tax season again…..  a perfect time to review the financial benefits of owning a home.

Owning a home makes a lot of “cents” especially around tax time.   Many home-related expenses are tax deductible and, believe it or not, you can even enjoy the tax benefits when you sell your home.

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7 Pieces of Good News from Last Week!
  • Post By : New Home Ambassador
  • new home ambassador,newnha,new home construction,steve rider

 

  1. Interest rates drop this week: why? The Feds, forecasted that we would have at least 250,000 new jobs this month we only had 126,000, this is disappointing for the job market, but, rates have dropped, meaning good news for the consumer, especially those in the housing market!
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