Jamie Dee Frontiero - Coldwell Banker Residential Brokerage



Posted by Jamie Dee Frontiero on 2/17/2019

Real estate terminology can be confusing for both new and experienced homeowners alike. Especially when it comes to the various types of loans. If the different types of loans have your head spinning, donít worry. I hear you!

Hereís what you need to know:

Mortgage prequalification is an estimate a lender will give as to what you will qualify for when a more in-depth analysis is made. It doesn't guarantee anything and is to be thought of as a rough ballpark estimate.

Mortgage pre-approval is when a more in-depth review is made. The lender will take your income, debt and other factors into consideration to give you a more conclusive number. This number is the max they will lend out to you. It does not mean you have to take out the full amount.

Adjustable rate mortgage or ARM is a mortgage in which the interest rate changes over time. These changes are dependent on an index based on the credit markets. The change in interest rate should reflect a fairness of risk to both the lender and borrower. These changes are regulated by the government and there is a limit to the charges. The initial lower rate the first few years is a draw for many borrowers.

A fixed-rate mortgage or FRM is, as you might have guessed, one where the interest rate does not change throughout the lifespan of the loan. These loans are seen as risky in that the interest rate doesnít reflect the flux of credit market values. What this means is that sometimes the risk for the lender increases if the market value of the home increases. And the risk increases for the buyer when the market value of the home decreases.

Conventional loans have fixed terms and rates and are not ďgovernment-backedĒ. This simply means they are not guaranteed by the government or insured by a government agency. Examples of these agencies are the Federal Housing Administration (FHA), the Farmers Home Administration(FmHA), and the U.S. Department of Veteran Affairs (VA).

Private mortgage insurance or PMI is a type of insurance for a conventional loan. This loan protects the lender if, for whatever reason, you were to stop making payments. Itís usually a monthly premium tacked onto your mortgage payment. It can also be an upfront cost you only need to pay once. This is a decision that is up to and may be mandatory, by your lender.

Federal housing administration loan or FHA loan can only be obtained from qualifying lenders. These loans are insured by the FHA. This mortgage is designed to assist home buyers who have a low to moderate income and canít afford to put down a large down payment. The down payment can be as low as 3.5% of the home's value for borrowers who qualify.  





Posted by Jamie Dee Frontiero on 2/10/2019

If this is your first home sale, you might be wondering about what your requirements are in terms of home inspections. A vital step in the closing process, professional home inspections are typically included in real estate contracts as a contingency (the sale is dependent upon their completion).

But, are there any situations in which a seller would get a home inspection?

In todayís post, weíre going to talk about why sellers might want to get their home inspection and how it could be useful to the home sale process overall.

To diagnose problems with your home

When youíre deciding on the asking price of your home, youíll want to take into account all of the things that could potentially drive that price down. Inspectors will look for a number of issues in your home, which can save you from any surprises when a potential buyer orders their inspection of your home.

The further along in the home sale process when you discover an expensive repair that needs to be made, the more complicated it makes your home sale.

So, if youíre in any doubt about whether your home will need repairs now or in the near future, ordering an inspection could be a safe option.

What do inspectors look for?

When inspecting your home, a licensed professional will look at several things:

  • Exterior components of your home, such as cracks or broken seals on exterior surfaces, garage door function and safety, and so on.

  • The structural integrity of your home; checking your foundation for dangerous cracks where moisture can enter and cause damage in the form of mold or breaks in the foundation.

  • The roof of your home will be checked for things like broken or loose shingles or nearby tree branches that could damage your home or nearby power lines in a storm.

  • The HVAC system will be tested to make sure itís running properly and efficiently and also that vents are clean and clear of debris.

  • Interior components of your home will be checked for safety and damage from things like pests and water damage.

Will the seller still order an inspection if my home just had one?

An inspection contingency is built into almost all real estate contracts to protect the interests of the buyer and seller alike.

In most circumstances, a buyer will want to get their own inspection performed. After all, they donít know who you went to for an inspection and whether they were licensed in your state.

The bottom line

Ultimately, if youíre planning on selling your home in the near future and arenít sure if your home may have any underlying issues, itís usually a good idea to get an inspection to make sure you can plan for any repairs or inform potential buyers of any issues with your home.




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Posted by Jamie Dee Frontiero on 2/3/2019

When it comes to selling a house, there is no need to make rash decisions. Instead, you should review your home selling options closely so you can make informed choices time and time again.

There are many factors to consider as you review your home selling plans, and these include:

1. Your Home's Condition

How your home looks to buyers may have far-flung effects on your house selling experience. If you allocate time and resources to upgrade your house's appearance, you could boost the likelihood of enjoying a fast, profitable home selling journey.

First, you may want to upgrade your house's curb appeal. You can mow the lawn, trim the hedges and perform other home exterior upgrades to bolster your house's curb appeal and differentiate your residence from other properties.

You should clean each room of your house, too. That way, homebuyers may be more likely than ever before to fall in love with your residence as soon as they walk through your house's front door.

2. The Current State of the Housing Market

The current state of the housing market may dictate how you price your home. If you analyze the local housing sector, you can set a competitive initial asking price for your residence.

Take a look at available houses in your city or town that are similar to your own. You then can use this information to establish a price range for your residence.

Also, find out how long recently sold houses in your area were available before they were purchased. This housing market data can help you determine if the current housing market favors buyers or sellers.

3. Your Home Selling Goals

Consider what you want to accomplish during the home selling journey. By doing so, you can map out what you will need to do to achieve your home selling goals.

For instance, if you want to sell your residence as quickly as possible, you may want to establish an aggressive initial asking price for your home. On the other hand, if you want to optimize your home sale earnings, you may want to consider myriad possibilities to promote your residence to as many potential buyers as you can.

For those who want to review their home selling options, you may want to collaborate with a real estate agent as well. In fact, with a real estate agent at your side, you can get the help you need to streamline the home selling journey.

A real estate agent offers comprehensive insights that you can use to accomplish your desired home selling results. Plus, he or she is ready to respond to your home selling concerns and questions. And if you are unsure about how to navigate the home selling journey, a real estate agent can provide guidance to help you make informed decisions.

Ready to list your residence? Consider the aforementioned factors, and you can plan ahead for all aspects of the home selling journey.




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Posted by Jamie Dee Frontiero on 1/27/2019

Want to add your house to the real estate market? Work with an expert real estate agent, and you can streamline the home selling process.

A real estate agent can make a world of difference for any home seller, at any time. This housing market professional will teach you the ins and outs of selling a home and ensure you can get the best price for your residence. Plus, he or she will be ready to respond to your home selling questions and provide consistent support as the home selling journey progresses.

Ultimately, it is important to understand what it takes to work with a real estate agent. This will allow you to maintain a positive approach throughout the home selling process. It might help you improve your chances of a quick sale too.

What does it take to work with a real estate agent? Here are three rules that every home seller should consider.

1. Hire a Real Estate Agent That Makes You Feel Comfortable

Selling a home can be stressful, particularly for a first-time property seller. Fortunately, working with the right real estate agent ensures you can receive world-class home selling guidance.

As a home seller, you should employ a real estate agent that makes you feel comfortable. This housing market professional will be able to alleviate your home selling concerns and guarantee you are fully supported at each stage of the home selling journey.

2. Keep the Lines of Communication Open at All Times

What good is a real estate agent if he or she won't keep you up to date about home showings, offers on your residence and homebuyer feedback?

For a home seller, it is paramount to collaborate with a real estate agent who can provide immediate assistance. This housing market professional should be ready to communicate with you via phone, email and text and provide regular updates throughout the home selling cycle.

Your real estate agent also should be unafraid to be honest with you. That way, you can receive unbiased suggestions and recommendations from your real estate agent that can help you make informed home selling decisions.

3. Understand That Problems May Arise During Home Selling Process

Although a real estate agent will do everything possible to promote your house to the right groups of property buyers, it is vital to remember that the real estate market offers no guarantees. In addition, problems sometimes may arise that may slow down the home selling journey.

Your real estate agent should be able to describe challenges that you may encounter before you add your residence to the housing market. This will enable you to plan ahead and allocate the necessary time and resources to reduce the risk of such problems.

Hiring a real estate agent to help you sell your house may seem difficult at first. But with the aforementioned tips, you can find an expert real estate professional who will make it easy for you to sell your residence.




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Posted by Jamie Dee Frontiero on 1/20/2019

When youíre preparing your home for the market, your main goal is to make it as desirable as possible to potential buyers. Not only will this gain more attraction from interested parties, but it can also help you out in a bidding war by making your home stand out among the rest and therefore increasing the final sale value.

Many of the ways to increase the desirability and curb appeal of your home involve costly home improvements and upgrades. However, there are some simple solutions that can make an impact and might just be enough to tip the buyer in favor of your home.

Today, weíre talking about the value of marketing a spotless, freshly cleaned home. The benefits are many. But, among them are the chance of increasing your sale value, attracting more potential buyers, and demonstrating to them that youíre the type of homeowner who has cared for their home.

Read on for some of the most important cleaning tips to help you along the process of selling your home.

1. Decluttering helps in more ways than one

When youíre ready to sell your home, the last thing you want to be thinking about is finding places for all of your belongings that youíve accumulated over the years. People interested in buying your home wonít want to visit a house filled with your personal belongings, as it will make it harder for them to imagine their own decorating style in the house.

To make this whole process easier, itís a good idea to declutter and pack away things that you wonít necessarily need until you move into your new home. Youíll also be doing yourself a favor later by packing boxes now that wonít have to be repacked when you move to your new home.

2. Mold and mildew

Bathrooms and kitchens are especially vulnerable to these two culprits that can be a huge turn-off for potential buyers. Youíre going to want to carefully inspect these rooms for signs of mold and mildew and eliminate them. Non-streak and bleach-based cleaners are ideal as they can help your glass and tiles shine like new.

Remember to make sure these are clean before you have real estate photos taken or your listing and before having any potential buyers over to show your home.

3. Deep dusting

You know those corners of your home that you always think, ďoh well, no one will ever see back there anywayĒ? Well, people interested in buying your home will likely want to look in those corners and might be off-put by piles of dust.

If you have a hard time seeing because parts of your home are dark, set up some portable work lights while youíre cleaning to ensure youíre getting the job done.

Finally, donít forget to clean the tops of ceiling fan blades and behind your kitchen appliances, where few seldom go.

4. Gutters are a giveaway

Clean gutters are a sign that a homeowner cares for the long-term maintenance of their home. So, if you havenít been quite keeping up with gutter cleaning, now is the time to do it.

5. Pressure washing can be worth the cost

If thereís one thing thatís worth spending money on for cleaning an older home, itís usually power washing. Vinyl siding is low-maintenance, easy to install, and relatively inexpensive. But, it does get dirty from time to time.

Hiring a power washing service or renting a pressure washer can be a good way to make the exterior of your home look like new again.




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