Is Condo/townhome Living Right For You? Factors You Should Consider.

Living in a condo or townhome community with a high concentration of households on a small piece of land can present a unique set of factors. It’s important to be aware of these and consider them before making a decision to live in this type of community.

One of the main factors to consider is privacy. When homes are built close together, and with shared walls this can compromise privacy, as sound can easily travel between neighboring households. Additionally, if it’s a new development there is likely no mature trees or privacy landscaping, further reducing privacy between properties. Older condo or townhome developments often have mature landscaping, which contributes to increased privacy and noise control. 

Another factor is noise. With shared walls and shared outdoor spaces, noise can easily transfer from one home to another. Typical wood frame construction, commonly used in these communities, tends to amplify noise, making it even more of a potential concern.

Odors can also be an issue in close-knit communities. Each household has its own unique habits and preferences, which can lead to different types of odors, such as cooking smells, pet waste, smoke and more. If there are no rules or regulations in place to address these issues, or if the ventilation or construction methods are subpar, odors can easily transfer between units.

To mitigate these issues, it’s crucial to ensure that the community has clear Covenants, Conditions, and Restrictions (CC&Rs) or Rules and Regulations that all residents must adhere to. While rules may not be everyone’s favorite thing, they are essential in ensuring that neighbors are considerate and respectful of one another in these close proximity living situations.

Equally important is an active Homeowners Association (HOA) that enforces these rules. Without proper enforcement, rules become meaningless. An HOA provides a valuable resource for addressing any concerns or issues that may arise, sparing you from potentially uncomfortable confrontations with neighbors.

When considering a community, it’s also worth looking into the history and effectiveness of the HOA. The track record of the HOA in maintaining the community and enforcing the CC&Rs can give you a sense of their commitment to preserving the value and enjoyment of the property for all residents.

Mediterranean Villas: In comparison to other condos or townhomes, Mediterranean Villas stands out for its superior construction. These townhomes are built with Insulated Concrete Form (ICF) construction, which means the exterior walls and walls between homes are made of concrete instead of typical wood framing. This construction method significantly reduces noise transfer, odor transfer, and enhances energy efficiency. As a result, lower power bills can be expected compared to a typical wood-framed home.

Mediterranean Villas was established in 2001 and consists of 224 townhomes.  It has a reputation for being an all around great investment, and has always been a sought after subdivision. This too sets it apart from new construction offerings.

While older townhouses may have outdated finishes and systems, these can be easily replaced when necessary. The absence of CC&Rs, an inactive HOA, or a lack of a track record in a community are factors beyond your control. It’s important to consider these aspects and choose a community that aligns with your preferences both now and with the future in mind.

Negotiation Happens More Than Once During a Purchase and Sale

Did you know there are three separate times to negotiate in the purchase contract? The first is when we negotiate the price and terms when the offer is first submitted. Second, there is an opportunity to negotiate during the buyer’s inspection contingency. Last, during the buyers’ appraisal contingency. It is essential that you have an experienced, knowledgeable professional working on your behalf during this process. We are powerhouse negotiators and will use our expertise to work for you. Whom you choose to represent you matters!

FOR BUYERS: HOME-BUYING LIKE A PRO  

Do you ever wonder what it’s like when a real estate agent looks for a home? What insider tips would they have to share? Part of the secret is to examine the house on a macro/micro level. You too, can search for a home like an expert. It always helps to have an Accredited Buyer’s Representative (ABR®), on your side to make it a winning combo. Check out the link below and please let us know if you have any questions! We’d love to help you in your search!

Jessica Johnson 509-947-2230

Jennifer Cowgill 509-947-5670

https://www.houselogic.com/buy/house-hunting/what-to-look-for-when-buying-a-house/?site_ref=mosaic&om_rid=AAC4qn&om_mid=_BXftDkB9PeFaVZ&om_ntype=REBACWeekly

THE TIMES THEY ARE A CHANGIN’

It’s natural to ask your parents for their input if you are thinking about buying a home for the first time. Although they may have valuable advice to share, be mindful that the times have changed from when they bought their first home to now. As Accredited Buyer’s Representative’s (ABR®), we are experienced professionals when it comes to first-time home buyers, and also have our finger on the pulse of today’s market trends. Check out this article from Realtor.com for more information. As usual, feel free to contact us anytime, we would love to hear from you!

http://www.realtor.com/news/trends/how-much-has-changed-since-your-parents-bought-a-house/?om_rid=AAC4qn&om_mid=_BWqp10B9KNjp0c&om_ntype=REBACWeekly

Summer Air Conditioning Maintenance

If you are planning on putting your home on the market, or have purchased a home in the last year, you may want to consider getting your air conditioning unit serviced now rather than waiting.

As the calendar moves from spring to summer, the air conditioner, whether you have a heat pump, swamp cooler, or some other type of cooling unit, will be in-demand in the coming months. So why act preventively? There are two important reasons:

  • As a seller, it pays to have your air conditioning unit running smoothly while the house is on the market. With our typical heat spells here in the Tri-Cities where temperatures reach over 100 degrees you will be thankful you were proactive. If something happens to your unit while your home is listed, a non-air-conditioned home will definitely turn off potential buyers. If something happens on a weekend or in the evening, the service call to get repairs done quickly might cost you hundreds of dollars. Preventative service may help avoid this. Remember, servicing the unit may be something the buyer asks for at the inspection anyway, so this may already be an expense you would incur.
  • As a new homeowner, it is a fact that you are likely to live differently in your house than the previous owner. Say you keep the home at a cool, crisp 68 degrees but the previous owner enjoyed the home at 75 degrees. Appliances, trying to accommodate this kind of change, can have system issues. If you think you are in the clear having bought a brand new home, think again.  Just because a system is new does not mean it is free from any manufactures or other defects.  If you sense the system is not operating optimally or cooling effectively call your contractor right away.  Any good home builder will have contracted with a reputable HVAC company that uses good quality equipment and will warrant the product for a set amount of time.

As always call Jennifer Cowgill at 509-947-5670 or myself, Jessica Johnson at 509-947-2230 for any real estate buying, selling or building needs in Richland, Pasco, Kennewick and the surrounding areas!

Now go enjoy the Summer we are known for here in sunny Tri-Cities Washington!

HOME BUYING OPTIONS 

If you are nervous about not being able to afford your first home, there may be a couple great options out there to help you secure a purchase. We found an article that highlights some of the government grants and programs that are out there to help first time home buyers. Take a look at this article and let us know if you have any additional questions. As Accredited Buyer’s Representative’s (ABR®), we are always looking for ways to make sure our buyers get exactly what they want. 

Jessica Johnson 509-947-2230 / Jennifer Cowgill 509-947-5670

http://www.cheatsheet.com/money-career/5-ways-to-get-financial-help-when-buying-your-first-home.html/?a=viewall&om_rid=AAC4qn&om_mid=_BVjHnlB9DCj-xZ&om_ntype=REBACHSWeekly

 

FOR BUYERS: OVERVIEW ON LOANS AND LOAN OFFICERS

Link

I found a great article on understanding the loan process of home buying. Find out what the role of a loan officer is, how to find one, and what questions to ask them. As an Accredited Buyer’s Representative (ABR®) at Referred Real Estate, our goal is to make sure you are prepared for the home buying process. Please let us know if you have additional questions.  Call myself, Jessica at 509-947-2230 or Jennifer at 509-947-5670.

 

http://massrealestatenews.com/10-questions-people-forget-to-ask-their-loan-officer/?om_rid=AAC4qn&om_mid=_BVJvZlB9Ai7$lQ&om_ntype=REBACHSWeekly

FOR BUYERS: POTENTIAL HOMEOWNERS SHOULD CONSIDER HOME BUYER COUNSELING BEFORE MAKING FIRST PURCHASE

Many consumers have made buying their first home less of a daunting task by seeking home buyer counseling. I came across this article that explains how home buyer counseling can help you accomplish your goal of homeownership. As an Accredited Buyer’s Representative (ABR®), my goal is to help you every step of the way. I look forward to helping you become a homeowner!

http://enews.realtor.org/a/hBVAgxmB8f9S7B8-6klAAC4qn97/reba18

 

10 Tips for selling your home this Fall

When listing your home during the fall, there are a few things to keep in mind to keep your home looking fresh regardless of the weather outside.
1. As fall weather descends, leaves fall and plants turn in for the winter. We recommend a weekly landscaping tidy-up of the yard and plant beds, removing any dead foliage and raking the ground. In the event of a windstorm, additional yard tidying may be necessary.
2. A clean roof is imperative for making the buyer feel comfortable in the stability of the home. Therefore, we also recommend that leaves and other debris are regularly cleared off.
3. Since it is getting darker earlier, lighting is even more important. Outdoor lighting can be a great way to enhance the curb appeal of your home. Home improvement stores usually have outdoor lighting on sale or clearance this time of year and a small investment in a hard-wired system can provide quite an impact.
4. Unless you will be setting the stage for each showing, we recommend keeping the lights on throughout the day. Although this may add a few dollars to your electric bill, in our experience this pays off in a quicker sale.
5. Although you may keep more heat in your house by closing blinds and curtains, resist the urge to do so during the day. Buyers need to feel that a home is open and bright.
6. In order to keep your house smelling fresh and clean, opening the windows once a week on a sunny day can help circulate the air. Changing the filters in the furnace or using a carpet freshener may also help although avoid strong-smelling air fresheners as many buyers are sensitive to these strong smells.
7. Put out a welcome mat that actually catches dirt and rainwater before it enters your house. Even if we have a “please remove your shoes” policy, dirt and excess rainwater quickly can leave mud by the front door – not a great way to welcome buyers who come later!
8. Resist the urge to turn the thermostat during the day. Adjusting to below 68 degrees can make the home viewing experience uncomfortable which is not conducive to a home sale.
9. If one of your heat sources is a non-wood-burning fireplace that comes on automatically if the temperature drops, make sure this is in operation as it provides wonderful ambiance.
10. If bringing out your winter clothes has your closet looking packed, consider removing some of the bulkier items to provide some breathing room. An overstuffed closet sends the message that it is not big enough to hold a household’s belongings, so you are better to store lesser-used items offsite while the home is listed.

There are many advantages to selling during the fall and winter months – with less inventory buyers are more serious about finding the right home and homes that stand out and look fresh will get attention. If you are considering selling your home, please call Jessica at 509.947.2230 or Jennifer at 509.9470!

Should I accept an offer contingent on the sale of another property?

Unless a potential homebuyer is a first time homebuyer, it is likely they have a property they need to sell before purchasing a new one. Unfortunately timing a purchase of one property and the sale of another does not always result in impeccable timing. Often a buyer just starting the search doesn’t have their home on the market yet when they fall in love with their next property or a seller receives an offer and has only weeks to move.
So if you are seller with a home on the market, should you accept an offer from a buyer who needs to sell their home first? My answer? It depends!
It depends on your motivation. It depends on the quality of the rest of the buyer’s offer. And it depends on the property the buyer has for sale.
As an adviser to the seller, I look at an offer and the buyer’s property if contingent to make sure:
• The property the buyer has to sell (the contingent property) is on the market
• The contingent property is priced at or below market
• The contingent property is recently new to the market, it has been marked down dramatically, or has undergone a major improvement or face-lift (such as new carpet)
• The contingent property is in an area where homes are selling quickly
• Make sure the offer has specific dates by which the property must have a contract on it and close by
Although a contingent offer is far from ideal for a seller wanting to sell their home quickly, being willing to look at one will widen the buyer pool, perhaps enough to get the home sold.