Check out this article from WTOLregarding Sylvania, Ohio’s developing their downtown to attract more tourists.
10 home maintenance tips for spring
From Inman .com
The sun is peeking out and the plants are starting to blossom, so it must be about time for spring chores again. Here’s my annual spring checklist of important issues to tend to around the house.
1. Roofing repairs: If you suspect winter storms may have damaged your roof, it needs to be inspected. (If you’re not comfortable with the height or steepness of your roof, hire a licensed roofing contractor for the inspection.) Look for missing or loose shingles, including ridge-cap shingles.
Examine the condition of the flashings around chimneys, flue pipes, vent caps, and anyplace where the roof and walls intersect. Look for overhanging trees that could damage the roof in a wind storm, as well as buildups of leaves and other debris.
If you have roof damage in a number of areas, or if older shingles makes patching impractical, consider having the entire roof redone. Also, remember that if the shingles have been damaged by wind or by impact from falling tree limbs, the damage may be covered by your homeowners insurance.
2. Check gutters and downspouts: Look for areas where the fasteners may have pulled loose, and for any sags in the gutter run. Also, check for water stains that may indicate joints that have worked loose and are leaking. Clean leaves and debris to be ready for spring and summer rains.
3. Fences and gates: Fence posts are especially susceptible to groundwater saturation, and will loosen up and tilt if the soil around them gets soaked too deeply. Check fence posts in various areas by wiggling them to see how solidly embedded they are.
If any are loose, wait until the surrounding soil has dried out, then excavate around the bottom of the posts and pour additional concrete to stabilize them. Replace any posts that have rotted.
4. Clear yard debris: Inspect landscaping for damage, especially trees. If you see any cracked, leaning or otherwise dangerous conditions with any of your trees, have a licensed, insured tree company inspect and trim or remove them as needed.
Clean up leaves, needles, small limbs and other material that has accumulated. Do any spring pruning that’s necessary. Remove and dispose of all dead plant material so it won’t become a fire hazard as it dries.
To read the rest of this article click here to read on inman.com
7 bizarre homebuyer incentives: cocktails, cookies, cars and more
As the real estate market declined in recent years, the age-old practice of sellers marketing their homes as coming with buyer incentives was elevated from an occasional practice to a true art.
Savvy sellers and their agents created win-win strategies for differentiating their listings in a crowded market by throwing uber-desirable perks into the deal.
And some sellers have gone beyond old concessions, like picking up a portion of closing costs or paying homeowners association dues. Some are offering to throw in a fireplace-framing plasma screen TV, or other furnishings customized for the property. As a result, many a homebuyer ends up with more than just the home of their dreams.
There are those buyers and sellers, too, who have taken the smart strategy of offering desirable buyer incentives to extremes. These extremes fall along a spectrum that begins at entertaining and stretches all the way to worrisome — even very worrisome.
Here are seven of the most bizarre homebuyer incentives I’ve come across over the past few years.
1. Alcohol. Last year, news spread like wildfire of a Chicago-area listing in which the seller threw in a hefty prepaid tab for food and alcohol at a nearby bar. Frustrated by the fact that their home had been lagging on the market for several months with only two or three showings, the owners of a $450,000 Glenview, Ill., home decided to throw in a $1,000 tab at Grandpa’s Place, a bar located across the street from the property.
The idea — which was not only to entice buyers with potent potables, but also to showcase the neighborhood’s lively nightlife — apparently worked. The sellers reported a threefold increase in showings immediately after publicizing the boozy incentive.
2. Cookies — lots of cookies. A friend of mine, Ann Brenoff, reported a few years back on actor George Hamilton’s unusual contract demand during his Los Angeles condo-buying escapade. Hamilton didn’t ask, as you might expect, for a lifetime of spray tans or Brylcreem.
Rather, he demanded that the seller, who owned a famous bakery, throw in a dozen cookies every month for the year following close of escrow. Think about it: how much could 144 cookies possibly cost? Sounds to me like both Hamilton and the seller scored a sweet deal.
3. Other homes. At the bottom of their local market, circa 2010, one enterprising couple seeking to sell their Connecticut home decided to throw their Florida vacation condo in as a buyer incentive!
4. Crazy cars. The vehicles I’ve heard being offered as buyer incentives range from tractors and trucks that work the farms they’re sold with to the Lamborghinis and Ferraris accompanying home sales in luxury locales such as in Malibu, Calif.
READ THE REST OF THIS ARTICLE ON INMAN.COM, CLICK HERE TO READ
Julie Crotin-Duncan Has Good News
Like Spring, Housing Market Blooms Early
Sales of existing homes surged this winter, making the spring home-buying season look even more promising.
New figures from the NATIONAL ASSOCIATION OF REALTORS® show that sales of existing homes have increased nearly 9% since this time last year. Aside from a slight dip in February, this winter has proven to be one of the most robust housing markets since 2008. And more and more Americans are taking advantage of the benefits of home ownership. Read two inspiring home owners stories, plus other housing marketing headlines, in this week’s Friday Five.
ABC News: Housing Sales Surge
Existing-home sales jumped, making this the best winter for the housing market in 5 years. And the sale of just one house can have a ripple effect on the economy, experts say.
Bloomberg: U.S. Housing Heals as Starts Near Three-Year High: Economy
Housing starts in the U.S. hovered in February near a three-year high and building permits rose, adding to signs that the industry at the heart of the last financial crisis is stabilizing.
NPR: Sweet Home: When Owning Isn’t All About Money
Those battered by the crisis continue to find paths to home ownership, despite financial disincentives. The Rhodes’ path to home ownership comes despite a foreclosure. A local bank and a nonprofit called Build Wealth helped them do some intensive credit repair. Fast forward: they closed on a home in December with a monthly payment less than they paid for an apartment.
New York Times: In Buying House Out of Foreclosure, ‘I’ve Done My Part’
For most people, Jennifer Kuzara’s modest residence in the quiet working-class neighborhood of Edgewood near Atlanta is just another house. But for her it’s the culmination of more than 1,000 hours of hard work and a place that she’s proud to call home: “Rehabilitating an empty home is good for the community; it improves home values for everyone on my street. “
Detroit News: Home Ownership Dream Can Turn Into Reality
Even with the scars left by the housing mess, home ownership is still a goal for many Americans.
If you vowed to make your home ownership dream come true in 2012, the timing may be ideal. Housing experts say that prices appear to have bottomed out in many markets, and mortgage rates are at record lows. Call Julie today for help in getting started.
By: Gavin MathisPublished: March 23, 2012
Office: 419-891-0888
Cell: 419-787-8926
Fax: 419 891-1092
VM: 419-897-2700 ext. 230
juliecrotin@wellesbowen.com
You can find Julie’s website by clicking here.
The 20th Annual Great Chili Cookoff Is Coming!!
This Saturday, March 24, 2012 at Stranahan Great Hall it’s once again time for that time honored event that Toledo loves the 20th Annual Great Chili Cookoff! Benefiting Mobile Meals this event is a real crowd pleaser!
Competition:
- Taste the variety of award-winning chili
- Vote for your favorites for the People’s Choice Award
- A celebrity panel of judges will award the Judge’s Choice
- Chili Corporate Team Competition – Noon-4 p.m.
- Chili Amateur Team Competition – Noon-4 p.m.
- Chili Media Team Competition – Noon-2 p.m.
- Restaurant Competition – Noon-4 p.m.
- Salsa Tasting from Area Companies
If the chili wasn’t enough of a draw there is also entertainment. Hope you’ll come out and support a great Toledo event.
Buying a Home? The COST Is More Important Than the PRICE
Snippets of an article found at the KCM blog, read full article here.
We have often advised buyers to look at the COST of purchasing a house more than the PRICE of the home. Obviously, price is part of the cost equation. The other piece, assuming you are not an all cash buyer, is the mortgage rate. The mortgage rate to finance a purchase can have a dramatic impact on the overall cost.
Lawrence Yun, chief economist for the National Assoc of Realtors, recently wrote:
“Mortgage rates will be starting to rise. From the 3.9 to 4.0 percent average rate in the past five months on a 30-year fixed mortgage, the new rates will soon be in the range of 4.3 to 4.6 percent.
Dan Green of The Daily Market Reports recently stated:
“The Fed sees growth coming faster than originally expected. There’s suddenly less chance that the Federal Reserve will intervene to help keep mortgage rates low. Absent Fed intervention, mortgage rates are apt to rise and Wall Street is now betting that the Fed has bowed out. With no stimulus, mortgage rates rise.”
How Does a Lender Evaluate You for a Loan
From the Zillow Blog.
Here is a snippet of a good article on what a lender looks for when you are applying for a loan. We hope this helps. If you would like to apply for a mortgage loan please call either of our very talented loan officers by going to our Mortgage page.
If you are thinking about buying a home, one of the first things you should do is go to a lender to get pre-approved. This will determine how much money you can borrow on a mortgage. This will also help you filter your home search by sale price, which will narrow your choices within your financing range.
So how does a lender evaluate — called underwriting — and determine how much you can borrow? It involves the three C’s: Credit, capacity and collateral!
Credit or FICO Score
The first item a lender will review is your credit profile, also known as your credit score or FICO score. This can range from 350 – 850. This is where all the decisions you’ve made in the past regarding will be reflected, such as:
- How much debt you have outstanding
- How much debt you have outstanding as a percentage of open credit accounts
- How much debt you have in the different types of credit accounts (credit cards, car loans, school loans, etc.)
- How well you’ve paid your bills over the years
Lenders used to allow much lower credit scores for borrowing purposes, but they’ve gone up the past few years. You need, in general, at least a 640 FICO score to borrow on a loan. The optimal score is 740-760 or above. The lower your score, the higher your interest rate and points on your mortgage loan.
The rest of this article can be found by going to the Zillow blog website.
Just had to share this video
You think you work hard? Watch this time lapse video from the Huntington Center. It really takes a lot to change from event to event. Kudos to everyone there for the great job they do!















