Navy Fellas Realty Group

Real Estate, Residential sales and purchase

Buy Your Home Today: Understanding Why It’s a Bad Idea to Try and Time the Mortgage Market

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Buy Your Home Today: Understanding Why It's a Bad Idea to Try and Time the Mortgage MarketIt’s often the case that people will opt to postpone home ownership until the best rates are available or it’s a more stable investment, but in an ever-shifting market it may not be the best decision to put such a sizeable investment off. If you’re wondering whether or not you should put off investing in a home, here are some reasons you may want to start putting your time into searching for a home.

Interest Rates Always Fluctuate

While interest rates are constantly changing and have certainly risen since the economic recession of 2008, they still remain relatively low and this can make investing in a home an even better financial decision. There are no certainties that market rates will remain low, but given a lower monthly payment and the easier qualifications nowadays to acquire a loan, the present may be the best time to start investing in your own place.

Investing Early Reaps Financial Rewards

It’s easy enough to wait for a lower home price or even improved interest rates, but there is no guarantee that the market will shift down. In the meantime, you may be spending at lot of your monthly paychecks on rent. If home ownership is one of your goals in life and you’re living month to month with a high rental payment, investing money into a home is a sure way to gaining equity for the future, even in the event that the market shifts up.

It’s A Good Time To Buy

When it comes to the market, there may always be a time coming when you’ll get a better deal, but the fact remains that homes tend to remain on the market a lot longer these days and it’s largely a buyer’s market. There are no guarantees that you’ll be able to find the house you want at the price you can afford, but there are a lot of good deals to be found these days and investing sooner is an opportunity to reap financial rewards down the road.

Many people hold off on home ownership because they are waiting for prices to come down or interest rates to change, but the sooner you invest in a home, the more you can benefit from investing into something that is entirely your own. If you’re currently perusing the market for a home at a price you can afford, contact your local real esatate professional for more information.

Dealing with Mice: Peppermint Oil, Dryer Sheets and Other Crazy Tricks to Try

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Dealing with Mice? Peppermint Oil, Dryer Sheets and Other Crazy Tricks to TryThere are things that everyone shares: the need for food, the search for love, and the intrusion of mice into our homes. But don’t despair! There are several ways to deter and remove mice. Read on to learn about a few of the more well known, if a little out-there, methods.

Peppermint Oil And Cotton Balls

The smell of peppermint is lovely for humans, but terrible to a mouse’s nose. Put a few drops of pure peppermint oil on cotton balls and place them where you’ve noticed evidence of mice. Be careful to change those balls for fresh ones at least once a week once the smell wears off, cotton balls are great material for a mouse nest.

Dryer Sheets

Another strong smell that will discourage mice from your home is dryer sheets. Place fresh ones around mouse hangout points, or stuff them into entry holes. Same thing here, though: make sure to remove them once the smell wears off. Nothing looks nicer for a nest than an unscented dryer sheet.

Mousetrap! The Glass Bowl Version

One humane and cost-effective choice is to build a live trap by balancing a glass bowl on an upright coin. Put some chocolate or peanut butter high up inside the bowl. When the mouse reaches for the treat it’ll upset the coin and drop the bowl to the floor, trapping itself. Then slide stiff cardboard over the bowl opening and carry the mouse at least 1km from your home before releasing it. Or you can go the store-bought route but either way, check all traps at least once a day.

Plug Those Holes!

With the mouse gone, there’s two things left to do. First, clean up after it (remove its droppings and sanitize the area) to discourage a return. Then close all its doors. Block any holes bigger than a pencil with caulking, steel or copper wool, or even aluminum foil all of these are tough to chew through.

And that’s it! Keep an eye out, and call in help if it becomes too much to handle these steps are most effective for a small number of rodents. If you need more help, call your local real estate agent for advice and referrals.

Growing Your Wealth: 3 Reasons Why Real Estate Is the Ultimate Long-Term Investment

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Growing Your Wealth: 3 Reasons Why Real Estate Is the Ultimate Long-Term InvestmentWhile many people may be hesitant to consider real estate as a viable long-term investment, owning property has a steady historical track record and isn’t as volatile as other investment markets can be.

Any investor who hasn’t seriously considered it as an option should take a closer look at the benefits of owning real estate and why it is the ultimate long-term investment strategy.

It Becomes A Consistent Source Of Income

Investing in rental property has the added benefit of being able to show regular returns in the form of rental income. Unlike other long-term investments that require a level of patience in order to profit, real estate can provide a large sum return in the future while still providing financial benefits on a monthly basis.

An Investment That Anybody Can Participate In

Many forms of investment require a level of skill or familiarity in order for first timers to jump straight into it with any level of confidence. Real estate is one investment that anybody can enjoy, thanks in part to the insight that can be gained from family and friends who have gone through the same process.

The level of knowledge that’s required to invest can be gained with some simple investigating to learn more about local areas that have increased in value and the kinds of homes that are popular. A real estate professional can take that information and add to it, providing invaluable expertise to the process.

Consider It To Be A Guaranteed Retirement Plan

Saving for retirement has become harder to commit to as each year goes by. Money being left in a savings account or an easy to sell investment can be dipped into at any point, leaving very little when retirement starts to roll around.

Using property as a long-term retirement plan requires a level of commitment to the investment and upkeep to the property that guarantees there will be something tangible to bank on later in life.

While investing in real estate may seem simple, especially when compared to other investment markets, it’s still recommended to consult with a professional before making any decisions. A local real estate professional will have a level of knowledge about which areas will be the wisest to invest in depending on how long in the future you are looking to sell. If you are interested, contact a local real estate professional in your area today for more information.

Feeling the Squeeze of Rising Rents? Here Are 3 Reasons You Should Consider Buying a Starter Home

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Feeling the Squeeze of Rising Rents? Here Are 3 Reasons You Should Consider Buying a Starter HomeWith real estate becoming more affordable, new homes being sold in a range of prices and the cost of rent going up, there has never been a better time to consider buying a starter home.

Put That Rent Money Into Your Own Property

People who live in areas that have become trendy know the pain of rising rent rates. At what point is the amount of money being spent on rent more advantageous to put into a new home?

Starter homes are not the crazy investment they used to be. With the increase in condo developments and the lower entry price for smaller homes, it’s never been easier and less expensive to put a down payment on a new home and put that rent money into a place that you actually have a financial stake in.

A Starter Home Is Not A Fixer Upper

There was a point in time when starter homes were considered to be houses that required a lot of work to renovate them to a point where they could be sold for a profit. This was before really affordable condo developments started to spring up in every city and began to provide younger people the opportunity to own a home.

Some people still think of a starter home as a fixer upper, an old house that will require a substantial investment and time, something that most first-time home owners do not have an abundance of. In today’s market, starter homes can be brand new and will be in the best condition imaginable.

It Can Act As A Source Of Income

Some homeowners find that when it’s time to finally make the move from their starter home into their forever home, they no longer need to sell. In some cases they prefer to hold onto it and use it as a rental property to bring in a second source of income to help with the new house.

This is more common with condos in neighborhoods that have experienced tremendous growth around them in the years after the purchase. When the price of rent skyrockets in these areas, the investment actually has more value as a rental property until the time is right to sell.

There are many reasons to invest in a starter home and the area you want to buy will change depending on your own reasons. Contact your local real estate agent so you can pinpoint what you want out of a starter home and receive some valuable insight into the kinds of homes you should be considering.

Trying to Decide Whether or Not to Sell Your Home? Here Are 5 Key Questions to Ask Yourself

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Trying to Decide Whether or Not to Sell Your Home? Here Are 5 Key Questions to Ask YourselfSelling a home, especially one with sentimental value, is never an easy decision to make. There are many factors that go into determining if the home is ready to be listed and if the seller is actually ready to part with it.

Answering some simple questions can go a long way to help an owner decide whether or not it’s time to try and sell.

How Much Work Does The Home Require?

Some houses and condos are ready to hit the market immediately, but others have serious problems that would need to be disclosed to interested parties. It may not be wise to try and sell until all major issues are repaired.

What Is The Market Like In The Area?

Have similar homes in the neighborhood been selling quickly for a lot of money or have they been sitting on the market for years with no buyers? Any seller should look into the current market trends in their community to determine how much they would be able to sell for so they don’t lose money on the transaction.

When Is The Best Time To Sell?

Every city is different and the time of year can have a major impact on the market. A local real estate agent will have a strong comprehension of the best time of year to list the home, which could provide some valuable time to get it ready.

Will You Be Happier In A New Home?

Sometimes deciding to sell a home can become so overwhelming that people forget to ask themselves whether or not they will be happier in a new home. If the answer is a resounding ‘yes’ then there should be no question about selling.

Should A Real Estate Agent Be Involved?

It may seem easier for sellers to eschew the services of an agent to save a little money, but the nightmare that can follow without the assistance of somebody who has the time and experience to show and promote the home may not be worth it. Talk to local real estate professionals to see if there are any that feel like a good fit.

If you have been debating selling your home but still aren’t sure whether or not it’s the right time, speak with a local real estate agent. They will be able to walk you through the process and provide some insight about what you should expect.

Buying for Retirement: 3 Reasons Why You’ll Want to Buy Your Retirement Home Before You Retire

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Buying for Retirement: 3 Reasons Why You'll Want to Buy Your Retirement Home Before You RetireMany people dream of buying their ideal retirement home after their career has come to a conclusion – with all that extra free time it seems like it’d be the most logical time to shop around.

However, many real estate professionals strongly recommend that their clients find a retirement property before they’re off the payroll. While it may seem like a big time commitment to find a new home while you’re still busy with your work there are several significant financial benefits to purchasing your retirement home before you actually do retire. Here are our top reasons why.

It Makes Your Mortgage Easy

When you are employed it is easier to get approved for a mortgage. If you wait until after you retire to buy your retirement home, you may not have the income require to qualify for the mortgage that you need. Don’t limit yourself! Buy while you’re still employed to keep your options open.

It Leaves You With More Spending Money

Buying a new home while you have an income provides you with more security with your expenses, such as mortgage payments and planned upgrades or renovations. Having an income can also mitigate financial stress should you run into any unexpected expenses after closing.

It Leaves You Ready For Reality

You may think you can accurately predict the expenses of your new home, but if you buy the property before retiring it gives you time to get to know the true amounts of your monthly payments. This can help ensure that you have enough saved to retire and live comfortably in your new property, with no surprises for your budget. You’ll be in a better position to create a financial plan once you know the reality of owning your new home.

An Added Bonus: It Can Be An Income Property

If you decide to purchase your retirement home before you retire you don’t have to move into it right away. You can rent it out as an income property until you’re ready to settle in, which will not only help cover mortgage payments but will also allow you to see first-hand what the monthly expenses are for the property.

This will also prevent you from having to deal with a move while working; you can wait until you do finally retire before packing up your current home and moving into your new one.

Ready to find the perfect retirement property? Contact your trusted real estate professional today for more advice to set yourself up for the future.

Foundation Problems? Here’s What to Do If You’re Worried About Your Home’s Foundation

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Foundation Problems? Here's What to Do If You're Worried About Your Home's FoundationLike in a relationship, the foundation of a house is integral, and must be strong. There are many reasons why a house’s foundation might crack or shift including temperature variances in the soil surrounding it, since earth expands in heat and contracts in cold. But whatever the reason, there are certain steps to follow when addressing concerns about your house’s foundation.

Prevent The Problem, If Possible

First, whenever possible act to prevent problems before they arise. Make it a habit to check for foundational stress by taking a walk through your basement and around the outside of your home. Signs of a problem include cracks in the foundation itself (particularly horizontal ones larger than a hairline), uneven or sloping floors, doors or windows that won’t open or close properly anymore, and water damage (puddles or moisture in the wood) that signals improper drainage.

Confirm The Problem, If There’s Time

If you find a crack that has you worried, but isn’t an insurmountable gap, take the time to coat it with concrete waterproofing paint. Then keep an eye on it. If the crack reappears after the paint has dried, it means the gap that produced the crack is growing and should be addressed. If you suspect water drainage problems, try shutting down all water-using appliances in your home. Then watch the water meter for 6 to 12 hours. If the levels change in that time, your water is finding another way out of the house. Finally, if you suspect a sloping floor, rest a tennis ball on it and look for rolling.

Fix The Problem, If It’s Small

Sometimes DIY methods can be used to address small issues, like little cracks (ones not in the foundation itself, but in walls or floors). Fill them with a vinyl concrete patch, or a similar product. Be sure the material you use is flexible and can move a little, because the concrete will it slightly expands and contracts to keep stable.

Call For Reinforcements!

That said, the absolute best method of dealing with foundation problems is to call in reinforcements, because even successful DIY fixes are temporary. And because, even though it will cost a little more, the money is worth it to prevent your house from collapsing! Reach out to a foundational specialist or a structural engineer if there are any signs that have you worried about a shifting or crumbling foundation.

If you have more in-depth questions, or want advice on a foundational specialist, talk to your trusted local real estate agent.

Electronic Gopher Repellers and 4 Other Home Gizmos You Never Thought You Needed

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Electronic Gopher Repellers and 4 Other Home Gizmos You Never Thought You NeededAs a homeowner, thinking outside the box, gadget-wise, can lead you to gizmos that solve your problems – even ones you didn’t know you had in more humane, sustainable, energy-efficient ways than ever before. Read on to find out about five such inventions.

It’s Humane!: Solar-Powered Gopher Repellent

If you ever have a problem with rodents like gophers, moles, voles or shrews intruding on your lawn, look no further. This humane repellent doesn’t hurt anyone (people or animals), it simply emits a high-pitched sound at regular intervals to disrupt the animals’ sleeping patterns. It discourages them from moving in by making your lawn inhospitable but without using traps or poison. The sound is too high for humans to hear it, and only travels underground so dogs aren’t disturbed, either.

It’s Tasty!: Outdoor Wine Glass Holders

They seem simple, but sometimes the most obvious things are the hardest to recognize. Like outdoor wine or champagne glass holders removing the need to balance a full glass on uneven ground. Next time you’re on a picnic, take along these portable items, stick them in the grass (or the sand, if you’re at a beach) and hang your stemmed glass on the hook.

It’s Easy!: One Touch Jar Opener

Who hasn’t struggled with a jar opener for the pasta sauce while the noodles boil over and the onions burn? For any cook that doesn’t have a sous-chef handy, don’t worry there’s now a one-touch jar opener for just that occasion. Conveniently sized and battery-operated, these little guys adjust to any jar size and have padded edges to protect the jars so you can reuse them.

It’s Handy!: iPad Fridge Mount

Increasingly, people these days are cooking with recipes from the Internet. With an iPad Fridge Mount, you don’t need to copy out the recipes, print them or worry about your device getting splashed or hit with dinner. The mount is easy to install no tools needed and easy to remove, so the iPad is as portable as ever. The mount can also go on walls or doors.

It’s Smart!: Automated Watering Controller

Unlike the other items on this list, which ranged from $10 to $30, the Blossom Smart Watering Controller sells on Amazon for just under $400. But it saves money, and conserves water, by monitoring the weather (so it can adjust its lawn/garden watering schedule for wetter or dryer days), and you control it through your smartphone. No new wiring, sprinklers or valves are needed.

If you need more info or want suggestions on neat home gizmos that work well in your neighborhood, reach out to your local real estate agent.

3 Tips That Will Help You Sell Your Home in 60 Days or Less

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3 Tips That Will Help You Sell Your Home in 60 Days or LessIt doesn’t matter where you live, what kind of home you have or what time of year it is. If you’re looking to sell your home quickly, you’ll need to do a better job than other local homeowners who are competing against you. Try these top three tips to secure a sale within 60 days.

1) Enhance Its Appearance

When it comes to selling your home, looks are everything. If the appearance of your home is impressive, it will be more inviting to potential buyers. Remove any items that make the home distinctly yours, such as family photos, kids’ toys, or personal items. Ensure that every space is meticulously clean and clutter free to demonstrate that it is a well-kept property.

It is also extremely beneficial to neutralize the design of your home. Maybe you love the red walls in your living room or the fluffy pink area rug in your bedroom, but this doesn’t leave much room for others’ imagination. Make your home a blank canvas upon which buyers can project their own idea of a dream home.

2) Price Wisely

While everyone would love to sell their property for more than market value, inflating your asking price could delay a sale. Research the asking prices of comparable properties in your neighborhood and consult a reputable real estate professional for advice.

There are several other strategies you can use to price your home for a quick sell. Psychologically, certain prices are more attractive to buyers even if there’s marginal difference; a home priced at $599,000 is more attractive than a home that’s priced at $600,000. Although there’s marginal difference between these two prices, the home that’s priced just under the century mark will likely sell quicker.

3) Go The Extra Mile

One of the best ways to make your home stand out from the competition is to offer something that no one else is. Whether it’s high quality photos or a video tour of your home, your listing can provide viewers with a unique look at your property that encourages them to become attached to it right away.

Several other incentives can be offered to help you close quickly, such as including home appliances and transferring your warranties over to the buyer. You can also offer to cover their closing costs, either partially or fully, which is another financial perk that will set your home apart from the rest. Everyone likes a gift-with-purchase, but few sellers offer them.

Need more advice on how to sell your home within 60 days? Speak to your trusted real estate professional today to learn more about custom solutions for selling your home.

Selling Your Home? Here’s Why You’ll Want to Keep Your Emotions out of It

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Selling Your Home? Here's Why You'll Want to Keep Your Emotions out of ItSelling your home can be an extremely emotional process, but it’s important that you don’t let your emotions get the best of you. Learn which common mistakes emotional sellers make when selling their home so that you can identify them during your own sale and overcome them before it’s too late.

Price Paralysis

You love your home, you know the value it provides to its owner, and you think it’s special compared to other houses on the market… and that it should be priced as such!

Be wary of this thought pattern though, as sellers who are emotionally attached to their home tend to overprice their listing, ignore market data, and be stubborn in negotiations.

It is perfectly normal for your emotions to cloud your judgement when first listing, but it is important that you listen to your real estate agent’s advice and stick to reason, or you may find your home failing to close.

Pricing Based On Need

Your home has a market value, and you can’t ignore that. It’s a fact.

When moving to a new property, it is essential that you understand that you cannot price your current home based on the amount of money you need to purchase your desired next home. This mindset is unrealistic, and can drag out your home sale.

If the purchase of a new home is contingent upon how much you make from selling your current home, be sure that you do not celebrate too early. Wait until you have closed the deal before gauging what you can afford to buy next, or stick to a property that is definitely within your budget.

Maintain An Open Mind

While you may love the way your personal items and interior design pieces make your home feel, it is best to stage your home very impersonally for showings. This may require re-painting rooms to more neutral tones, taking down your favorite family photos, and using professional staging furniture rather than your own. Doing so isn’t admitting that you have bad taste, but rather accepting that buyers have a wide variety of taste themselves, and you want to appeal to them all.

You should also keep an open mind when it comes to who you sell your home to. You may have an idea of what you consider to be the perfect buyer, but ultimately the goal is to sell your home. What the buyer does with it after the fact is up to them.

To avoid these emotional home-seller mistakes, work with your trusted real estate professional who can guide you through the process and keep you on the right track.