HTML 4.0 Transitional//EN"> Cynthia Hovan | Northwood Realty Services | Pittsburgh Real Estate Agent

Newsletter 

To subscribe to my newsletter, send a blank email to newsletter-request@pittsburghhomesales.com with the the word "subscribe" in the subject line, or click on the button below.    To unsubscribe from my newsletter, send a blank email to newsletter-request@talkinghouserealtor.com with the word "unsubscribe" in the subject line, or click on the button below:

  


CINDY’S REAL ESTATE BIZ NEWS
Download the .pdf version of this newsletter!

(Helping Families Realize The American Dream . . . One Home at a Time) 
MY EMAIL ADDRESS:  americandream@pittsburghhomesales.com . . . WHAT’S YOURS???
MY WEBSITE ADDRESS:  www.pittsburghhomesales.com–CHECK OUT ALL MLS LISTINGS HERE!


MOLD IS BECOMING A SIGNIFICANT REAL ESTATE MATTER

Who ever heard of a home not selling because of mold, or of a mold contingency?  Five years ago, no one ever heard of such a thing.  Mold is getting more attention, and home inspectors are looking for mold on a regular basis.  Mold litigation is on the rise, and some judgments have been awarded in certain cases.  Now that we have an awareness of the issue, it's crossing over into the real estate community.  The most common indoor molds are Cladosporium, Penicillium, Aspergillus, Alternaria, and Mucor.  The only toxic molds found in homes are two species of black mold . . . Stachybotrys and Memnoniella.  Of the two, Stachybotrys is the most common.  Black mold has been around forever, but people are now talking about it, and it's making people ill.  For some people, a relatively small number of mold spores can cause health problems.  Infants, children, immune-compromised patients, pregnant women, individuals with existing respiratory conditions (allergies, multiple chemical sensitivity and asthma), and the elderly are at higher risks for adverse health effects from mold.  Allergic reactions are the most common health problem from mold exposure.  Sellers should disclose mold if there is an ongoing problem that might not be apparent from a basic inspection.  There are protocols that should be followed if mold has been detected, and you will want to ensure that you can prove that the job was done correctly.

THINK GREEN: TREES A BIG PLUS FOR YOUR HOME

The benefits of trees are numerous.  They increase property values, sometimes as much as 20 percent according to the National Arbor Day Foundation.  On average, trees add between 5 to 7 percent to the value of the property (the U.S. Forest Service says the added value results in an extra $5,000 per lot).  The USFS says trees that are placed strategically around buildings can reduce air conditioning needs by 30 percent and can save 20 to 50 percent in energy used to heat a home.

  HOME IS WHERE THE MONEY IS

If it appears that home values represent more and more of your personal wealth, it's likely that you're right.  A new study shows that for most of us, real estate is plainly our largest financial asset, an asset which has grown by $1.5 trillion in value during just the past two years.  According to the Federal Reserve Board's Flow of Funds, households own over $12 trillion worth of housing and have $6.6 trillion in homeowners' equity.  There is close to $90,000 in homeowners' equity in the average house, and the median amount of homeowners' equity per house is estimated at close to $45,000.  With the recent collapse in stock prices, housing has once again become the most significant asset in the household balance sheet.

BUYER STRATEGIES IN A SELLER'S MARKET

Buyers can beef up contracts without going over the appraised value of a property including monetary and non-monetary offers.  It's not always the sales price alone and bottom line to the seller that brings a contract to the top.,  Clever strategies in addition to a strong offer such as offering the seller a week's stay at a buyer's beach house, meeting a home seller heart to heart to create that relationship edge, writing a letter to the seller explaining how the home is perfect for the buyer's specific or unusual needs, and the delivery of flowers that match the dining room décor to be delivered at the same time the buyer's agent is conducting the contract presentation are just a few examples of how a buyer can ensure they stand out among simultaneous bids!

 

TIPS TO HELP SELL A VACANT HOME

1.  Remember first impressions, curb appeal is crucial.
2.  Keep the lawn mowed, leaves raked, sidewalks shoveled.
3.  Spruce up landscaping before you leave.
4.  Touch up an walls that have been scuffed or marked.
5.  Professionally clean carpets after furniture removed.
6.  Clean your home thoroughly in every nook and cranny
7.  If possible, try to leave some furniture in the home.

  TIPS FOR SHOWING YOUR HOME IN SUMMER

1.  Remember first impressions - curb appeal is crucial.
2.  If you have air conditioning, keep your home comfortably cool.
3.  Pay extra attention to the backyard where the focus will be.
4.  Keep shrubs and plants pruned and tidy.
5.  Ensure your windows are sparkling clean.
6.  Let the light in by opening blinds and curtains.
7.  Remove unnecessary clutter.

 

Real Estate Agents are not functionaries . . . rather fiduciaries, advice-giving professionals, who can save consumers time and money while keeping them out of court.  We remain the initial point of contact with consumers in the home buying and selling process.
Source: Realtor Magazine – July and August 2001 – Realty Times – June and July 2001

Previous Issues: 
(PDF format, requires to view.  Click on the image for this FREE download.)
For better viewing, please print the file.

 

 

Home | Free Market AnalysisListings & Open Houses | Portfolio | Talking Houses | Helpful Links
Mortgage Calculator | Our Community | Contact Me


©2001-2002 Cynthia Hovan.  All rights reserved.
web design by Scarlet's Web