Thursday, September 30, 2010

Sea Coast Realty Donation to Hospital Fundraiser

Brian Moxey, Director of Business Development, recently presented Sunny 104.5 FM radio personalities Craig and Sheila with a $1,500 donation from Coldwell Banker Sea Coast Realty for the Betty H. Cameron Women’s and Children’s Hospital.

Sea Coast Realty was a primary sponsor of the radiothon fundraiser for the hospital at New Hanover Regional Medical Center in Wilmington, North Carolina.

The 2-day event raised almost $28,000 for the purchase of seven cardiac monitoring systems for the newly-renovated pediatric area in the Emergency Department.

If you missed the Radiothon, you can still contribute by contacting Kristal McHugh at (910)815-5003 or or by visiting www.nhrmcfoundation.org/giveonline and selecting "Radiothon" on the donation form.

Photo courtesy of Shannon Lee.

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Huge Indoor Yard Sale to Benefit HABITAT FOR HUMANITY

More than 325 agents & staff at Coldwell Banker Sea Coast Realty are cleaning out our closets and garages to benefit Cape Fear Habitat for Humanity!

GIANT INDOOR YARD SALE
Saturday, October 2, 2010
7:30am-Noon

894 South Kerr Ave #5
Wilmington, NC 28403
Click here for a map.

It's located in Crossroads Center at the corner of Wilshire Ave. and Kerr Ave., behind Harris Teeter. Just look for the aqua metal roofs.

This huge sale is indoors and air-conditioned, so it's not exactly a "yard sale." However, if you need a yard, we'll be happy to sell you one of those too!

Cash and local checks with ID.

We need your junk!
Want to clean out your closet or garage to benefit Habitat for Humanity too? We're accepting donations at above address Thursday, Sept. 30 (10am-4pm) and Friday, Oct. 1 (10am-1pm). Just back your vehicle up to our doors (look for the orange cones) and we'll be happy to unload your donated items.

Questions? Reach our Wilmington office at (910) 799-3435.

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Wednesday, September 29, 2010

Negotiate Your Best House Buy

Keep your emotions in check and your eyes on the goal, and you'll pay less when purchasing a home.

Buying a home can be emotional, but negotiating the price shouldn't be. The key to saving money when purchasing a home is sticking to a plan during the turbulence of high-stakes negotiations. A real estate agent who represents you can guide you and offer you advice, but you are the one who must make the final decision during each round of offers and counter offers.

Here are six tips for negotiating the best price on a home.

1. GET PREQUALIFIED FOR A MORTGAGE
Getting prequalified for a mortgage proves to sellers that you're serious about buying and capable of affording their home. That will push you to the head of the pack when sellers choose among offers; they'll go with buyers who are a sure financial bet, not those whose financing could flop.

2. ASK QUESTIONS
Ask your agent for information to help you understand the sellers' financial position and motivation. Are they facing foreclosure or a short sale? Have they already purchased a home or relocated, which may make them eager to accept a lower price to avoid paying two mortgages? Has the home been on the market for a long time, or was it just listed? Have there been other offers? If so, why did they fall through? The more signs that sellers are eager to sell, the lower your offer can reasonably go.

3. WORK BACK FROM A FINAL PRICE TO DETERMINE YOUR INITIAL OFFER
Know in advance the most you're willing to pay, and with your agent work back from that number to determine your initial offer, which can set the tone for the entire negotiation. A too-low bid may offend sellers emotionally invested in the sales price; a too-high bid may lead you to spend more than necessary to close the sale.

Work with your agent to evaluate the sellers' motivation and comparable home sales to arrive at an initial offer that engages the sellers yet keeps money in your wallet.

4. AVOID CONTINGENCIES
Sellers favor offers that leave little to chance. Keep your bid free of complicated contingencies, such as making the purchase conditional on the sale of your current home. Do keep contingencies for mortgage approval, home inspection, and environmental checks typical in your area, like radon.

5. REMAIN UNEMOTIONAL
Buying a home is a business transaction, and treating it that way helps you save money. Consider any movement by the sellers, however slight, a sign of interest, and keep negotiating.

Each time you make a concession, ask for one in return. If the sellers ask you to boost your price, ask them to contribute to closing costs or pay for a home warranty. If sellers won't budge, make it clear you're willing to walk away; they may get nervous and accept your offer.

6. DON'T LET COMPETITION CHANGE YOUR PLAN
Great homes and those competitively priced can draw multiple offers in any market. Don't let competition propel you to go beyond your predetermined price or agree to concessions-such as waiving an inspection-that aren't in your best interest.

MORE FROM HOUSELOGIC

Determine how much mortgage you can afford

Keep your home purchase on track

Plan for a stress-free home closing

OTHER WEB RESOURCES

More negotiating tips

Develop a homebuying strategy

G.M. Filisko is an attorney and award-winning writer who has to remind herself to remain unemotional during negotiations. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Article From Houselogic.com

By: G. M. Filisko

Published: June 04, 2010

Reprinted from HouseLogic (houselogic.com) with permission of the NATIONAL ASSOCIATION OF REALTORS (R).Copyright 2010. All rights reserved.

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Monday, September 27, 2010

Fielding a Low Ball Purchase Offer on Your Home

Consider before you ignore or outright refuse a very low purchase offer for your home. A counteroffer and negotiation could turn that low purchase offer into a sale.

You just received a purchase offer from someone who wants to buy your home. You're excited and relieved, until you realize the purchase offer is much lower than your asking price. How should you respond? Set aside your emotions, focus on the facts, and prepare a counteroffer that keeps the buyers involved in the deal.

CHECK YOUR EMOTIONS
A purchase offer, even a very low one, means someone wants to purchase your home. Unless the offer is laughably low, it deserves a cordial response, whether that's a counteroffer or an outright rejection. Remain calm and discuss with your real estate agent the many ways you can respond to a lowball purchase offer.

COUNTER THE PURCHASE OFFER
Unless you've received multiple purchase offers, the best response is to counter the low offer with a price and terms you're willing to accept. Some buyers make a low offer because they think that's customary, they're afraid they'll overpay, or they want to test your limits.

A counteroffer signals that you're willing to negotiate. One strategy for your counteroffer is to lower your price, but remove any concessions such as seller assistance with closing costs, or features such as kitchen appliances that you'd like to take with you.

CONSIDER THE TERMS
Price is paramount for most buyers and sellers, but it's not the only deal point. A low purchase offer might make sense if the contingencies are reasonable, the closing date meets your needs, and the buyer is preapproved for a mortgage. Consider what terms you might change in a counteroffer to make the deal work.

REVIEW YOUR COMPS
Ask your REALTOR whether any homes that are comparable to yours (known as "comps") have been sold or put on the market since your home was listed for sale. If those new comps are at lower prices, you might have to lower your price to match them if you want to sell.

CONSIDER THE BUYER'S COMPS
Buyers sometimes attach comps to a low offer to try to convince the seller to accept a lower purchase offer. Take a look at those comps. Are the homes similar to yours? If so, your asking price might be unrealistic. If not, you might want to include in your counteroffer information about those homes and your own comps that justify your asking price.

If the buyers don't include comps to justify their low purchase offer, have your real estate agent ask the buyers' agent for those comps.

GET THE AGENTS TOGETHER
If the purchase offer is too low to counter, but you don't have a better option, ask your real estate agent to call the buyer's agent and try to narrow the price gap so that a counteroffer would make sense. Also, ask your real estate agent whether the buyer (or buyer's agent) has a reputation for lowball purchase offers. If that's the case, you might feel freer to reject the offer.

DON'T SIGNAL DESPERATION
Buyers are sensitive to signs that a seller may be receptive to a low purchase offer. If your home is vacant or your home's listing describes you as a "motivated" seller, you're signaling you're open to a low offer.

If you can remedy the situation, maybe by renting furniture or asking your agent not to mention in your home listing that you're motivated, the next purchase offer you get might be more to your liking.

MORE FROM HOUSELOGIC

6 Tips for Choosing the Best Purchase Offer for Your Home


6 Reasons to Reduce Your Home Price

Marcie Geffner is a freelance reporter who has been writing about real estate, homeownership and mortgages for 20 years. She owns a ranch-style house built in 1941 and updated in the 1990s, in Los Angeles.

Article From Houselogic.com

By: Marcie Geffner

Published: June 10, 2010

Reprinted from HouseLogic (houselogic.com) with permission of the NATIONAL ASSOCIATION OF REALTORS (R).Copyright 2010. All rights reserved.

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Saturday, September 25, 2010

Listing and Selling Your Green Home

If you want to get the full value for your green home when it comes time to sell, use a green real estate agent and a green MLS.

You've upgraded your home with the latest green features and there's an eco-friendly buyer out there looking for a green home. How can the two of you connect?

CHOOSE A GREEN REAL ESTATE AGENT

Hire a real estate agent who knows as much about green homes as you do. About 5,000 REALTORS® nationwide have earned the NATIONAL ASSOCIATION OF REALTORS Green Designation by taking classes in green building, sustainable business practices, and green home marketing. A private company offers the EcoBroker designation.

Questions to ask a REALTOR who specializes in green homes:

* Have you had special training in selling green homes?

* Do you serve buyers seeking green houses and do you have a list of buyers actively seeking green homes?

* How many green home sales have you completed in the past year?

* How do you market a green home differently than a regular home?

ASK WHETHER YOUR MLS IS GREEN

About 30 to 40 of the 900 home MLSs nationwide (databases where agents list properties for sale) have special fields in which your agent can identify your home's green features. Agents for potential buyers can search a green MLS to look for a green home or green features like solar panels or an energy-efficient furnace.

Over time, as the home MLS data grow, the results will help appraisers easily find comparable sales of green homes, which they can then use to more accurately value a green home like yours.
On the web, large sites that use home MLS data offer some green home search capacity. At http://www.realtor.com(http//www.Realtor.com), you can search broadly for energy-efficient homes, but not for specific features like solar panels. At Trulia.com you can use keyword search terms like "solar" or "green," but in addition to pulling homes with green features, that search will also bring back listings by real estate agents named Green and homes on streets with the word "solar" in the name.

Curious if your area has a green MLS? Among other places, you'll find them in:

* Albuquerque

* Austin, San Antonio, and Houston, Texas

* Charleston, S.C.

* Memphis and middle Tennessee

* Portland, Ore.

* Santa Barbara and southern California

* Traverse City, Mich.

* Triangle region of North Carolina

* Tucson and Phoenix, Ariz.

LIST YOUR HOME'S GREEN FEATURES

You can trumpet your home's greenness in two ways in the typical green MLS.

Your real estate agent can note if your home or its features have been officially certified or designated green. Then, agents for homebuyers interested in green homes can search for local designations as well as national designations and certifications like:

* Leadership in Energy and Environmental Design (LEED)

* Energy Star

* Enterprise Green Communities

* The Environmental Protection Agency's airPLUS Guidelines and Water Sense programs

* Home Energy Rating System (HERS Index)

* Living Building Challenge

* National Green Building Standard

The other way to highlight your house's green features is to specify them in the home MLS' searchable fields. For example, if you have solar panels, water-saving devices, or geothermal heating, your agent can check those fields. Real estate agents helping buyers interested in a green home can also use the search function to find green homes with specific features.

In some green MLSs, your agent can highlight the brand and model of energy-efficient appliances and building materials. The result is a movement toward a more standardized and accurate way for buyers to find the type of home they want and for you to highlight your home's green upgrades.

USE THE HOME MLS COMMENTS SECTION

What if your local home MLS isn't green? Your agent can market your home's green features in the home MLS by listing them in the additional remarks space. Work with your agent so she knows which features you'd like to highlight, which feature she recommends highlighting, and how those features contribute to your home's energy efficiency and eco-friendliness.

CAN YOU GET MORE MONEY FOR A GREEN HOME?

Data show your green home could sell faster and at a higher price than a similar house without green features. In 2009, certified green houses in Atlanta sold 31 days faster than traditional homes, according to the Earth Advantage Institute, a Portland, Ore., nonprofit that certifies green homes. Certified green houses in Seattle built from 2000 to 2008 sold for 8% to 9% more per square foot than traditional homes, according to local sales statistics.

MORE FROM HOUSELOGIC



OTHER WEB RESOURCES



G.M. Filisko is an attorney and award-winning writer who just added energy-efficient windows to her Chicago condo. A regular contributor to many national publications including Bankrate.com, REALTOR Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Article From Houselogic.com

By: G. M. Filisko
Published: August 04, 2010

Reprinted from HouseLogic (houselogic.com) with permission of the NATIONAL ASSOCIATION OF REALTORS (R).Copyright 2010. All rights reserved.

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Tuesday, September 21, 2010

Grand Opening Celebration!

You're invited to a Grand Opening Celebration!

Tuesday, September 21, 2010, 5:00pm - 7:00pm

Join Coldwell Banker Sea Coast Realty for the Grand Opening of our South Brunswick office!

FREE Food & Fun!
* Hamburgers & hot dogs by the Butcher of Brunswick
* Inflatable Bounce House & Hula Hoops
* Prizes.

The office is located at 127 Village Road in Shallotte, NC.

Our FREE, fun-filled, family-style event is sponsored by Alpha Mortgage, Beacon Title Agency, and Baker & Colby, PLLC.

For more information, please call our South Brunswick office at 910-754-6782 .

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5 Tips to Prepare Your Home for Sale

Working to get your home ship-shape for showings will increase its value and shorten your sales time.

Many buyers today want move-in-ready homes and will quickly eliminate an otherwise great home by focusing on a few visible flaws. Unless your home shines, you may endure showing after showing and open house after open house-and end up with a lower sales price. Before the first prospect walks through your door, consider some smart options for casting your home in its best light.

1. HAVE A HOME INSPECTION
Be proactive by arranging for a pre-sale home inspection. For $250 to $400, an inspector will warn you about troubles that could make potential buyers balk. Make repairs before putting your home on the market. In some states, you may have to disclose what the inspection turns up.

2. GET REPLACEMENT ESTIMATES
If your home inspection uncovers necessary repairs you can't fund, get estimates for the work. The figures will help buyers determine if they can afford the home and the repairs. Also hunt down warranties, guarantees, and user manuals for your furnace, washer and dryer, dishwasher, and any other items you expect to remain with the house.

3. MAKE MINOR REPAIRS
Not every repair costs a bundle. Fix as many small problems-sticky doors, torn screens, cracked caulking, dripping faucets-as you can. These may seem trivial, but they'll give buyers the impression your house isn't well maintained.

4. CLEAR THE CLUTTER
Clear your kitchen counters of just about everything. Clean your closets by packing up little-used items like out-of-season clothes and old toys. Install closet organizers to maximize space. Put at least one-third of your furniture in storage, especially large pieces, such as entertainment centers and big televisions. Pack up family photos, knickknacks, and wall hangings to depersonalize your home. Store the items you've packed offsite or in boxes neatly arranged in your garage or basement.

5. DO A THOROUGH CLEANING
A clean house makes a strong first impression that your home has been well cared for. If you can afford it, consider hiring a cleaning service.

If not, wash windows and leave them open to air out your rooms. Clean carpeting and drapes to eliminate cooking odors, smoke, and pet smells. Wash light fixtures and baseboards, mop and wax floors, and give your stove and refrigerator a thorough once-over.

Pay attention to details, too. Wash fingerprints from light switch plates, clean inside the cabinets, and polish doorknobs. Don't forget to clean your garage, too.

MORE FROM HOUSELOGIC

Develop a Landscape Plan to Fit Your Budget

Spring Cleaning Guide

G.M. Filisko is an attorney and award-winning writer who has found happiness in a Chicago brownstone with the best curb appeal on the block. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Article From Houselogic.com

By: G. M. Filisko

Published: February 10, 2010

Reprinted from HouseLogic (houselogic.com) with permission of the NATIONAL ASSOCIATION OF REALTORS (R).Copyright 2010. All rights reserved.

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Monday, September 20, 2010

August 2010 Top Producers

Coldwell Banker Sea Coast Realty is pleased to announce our Top Producers for August 2010.

Wilmington Office
Top Listing Agent - Jennifer Farmer
Top Selling Agent - Jessica Riffle Edwards
Top Listing Team - Jack Gale Team
Top Selling Team - Cynthia Strickland Team

Carolina Beach Office
Top Listing Agent - Sherri Pridgen
Top Selling Agent - Julie Damron
Top Listing Team - Shawndy Conway & Jessica Keenan
Top Selling Team - Shawndy Conway & Jessica Keenan

North Brunswick Offices
Top Listing Agent - Lynda Haraway
Top Selling Agent - Mark Koellmer
Top Listing Team - Dennis and Penny Krueger Team
Top Selling Team - Emily Willetts Team

Onslow/Pender Offices
Top Listing Agent - Christina Pitz
Top Selling Agent - Christina Pitz
Top Listing Team - Roger Mitchell Team
Top Selling Team - Roger Mitchell Team

Hampstead Office
Top Listing Agent - Lisa Mathews
Top Selling Agent - Lisa Mathews

Leland Office
Top Listing Agent - Karen Schwartz
Top Selling Agent - Karen Schwartz

South Brunswick Office
Top Listing Agent - Scott Haigler and Jeanette Haigler
Top Selling Agent - Monroe Enzor

Top New Home Sales Associate
Chris Cunningham and Tom Craigg

August 2010 OVERALL TOP PRODUCERS
Roger Mitchell
Cynthia Strickland
Jack Gale
Christina Pitz
Stephanie Gasparovic
Brett Knowles
Emily Willetts
Karen Schwartz
Lori Smith
Beth Fortunato

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Sunday, September 19, 2010

7 Steps to Take Before You Buy a Home

Article From Houselogic.com

By: G. M. Filisko

Published: February 10, 2010

By doing your homework before you buy, you'll feel more content about your new home.

Most potential homebuyers are a smidge daunted by the fact that they're about to agree to a hefty mortgage that they'll be paying for the next few decades. The best way to relieve that anxiety is to be confident you're purchasing the best home at a price you can afford with the most favorable financing. These seven steps will help you make smart decisions about your biggest purchase.

1. DECIDE HOW MUCH HOME YOU CAN AFFORD
Generally, you can afford a home priced 2 to 3 times your gross income. Remember to consider costs every homeowner must cover: property taxes, insurance, maintenance, utilities, and community association fees, if applicable, as well as costs specific to your family, such as day care if you plan to have children.

2. DEVELOP YOUR HOME WISH LIST
Be honest about which features you must have and which you'd like to have. Handicap accessibility for an aging parent or special needs child is a must. Granite countertops and stainless steel appliances are in the bonus category. Come up with your top-five must-haves and top-five wants to help you focus your search and make a logical, rather than emotional, choice when home shopping.

3. SELECT WHERE YOU WANT TO LIVE
Make a list of your top-five community priorities, such as commute time, schools, and recreational facilities. Ask your REALTOR to help you identify three to four target neighborhoods based on your priorities.

4. START SAVING
Have you saved enough money to qualify for a mortgage and cover your downpayment? Ideally, you should have 20% of the purchase price set aside for a downpayment, but some lenders allow as little as 5% down. A small downpayment preserves your savings for emergencies.

However, the lower your downpayment, the higher the loan amount you'll need to qualify for, and if you still qualify, the higher your monthly payment. Your downpayment size can also influence your interest rate and the type of loan you can get.

Finally, if your downpayment is less than 20%, you'll be required to purchase private mortgage insurance. Depending on the size of your loan, PMI can add hundreds to your monthly payment. Check with your state and local government for mortgage and downpayment assistance programs for first-time buyers.

5. ASK ABOUT ALL THE COSTS BEFORE YOU SIGN
A downpayment is just one homebuying cost. Your REALTOR can tell you what other costs buyers commonly pay in your area-including home inspections, attorneys' fees, and transfer fees of 2% to 7% of the home price. Tally up the extras you'll also want to buy after you move-in, such as window coverings and patio furniture for your new yard.

6. GET YOUR CREDIT IN ORDER
A credit report details your borrowing history, including any late payments and bad debts, and typically includes a credit score. Lenders lean heavily on your credit report and credit score in determining whether, how much, and at what interest rate to lend for a home. Most require a minimum credit score of 620 for a home mortgage.

You're entitled to free copies of your credit reports annually from the major credit bureaus: Equifax, Experian, and TransUnion. Order and then pore over them to ensure the information is accurate, and try to correct any errors before you buy. If your credit score isn't up to snuff, the easiest ways to improve it are to pay every bill on time and pay down high credit card debt.

7. GET PREQUALIFIED
Meet with a lender to get a prequalification letter that says how much house you're qualified to buy. Start gathering the paperwork your lender says it needs. Most want to see W-2 forms verifying your employment and income, copies of pay stubs, and two to four months of banking statements.

If you're self-employed, you'll need your current profit and loss statement, a current balance sheet, and personal and business income tax returns for the previous two years.

Consider your financing options. The longer the loan, the smaller your monthly payment. Fixed-rate mortgages offer payment certainty; an adjustable-rate mortgage offers a lower monthly payment. However, an adjustable-rate mortgage may adjust dramatically. Be sure to calculate your affordability at both the lowest and highest possible ARM rate.

MORE FROM HOUSELOGIC
Learn how Fannie Mae and Freddie Mac mortgages can help you save on financing

Learn more about the costs of homeownership

OTHER WEB RESOURCES
Homebuyer counseling resources

Get a free credit report from each of the three credit reporting bureaus


G.M. Filisko is an attorney and award-winning writer who has thrice survived the homebuying process. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.

Reprinted from HouseLogic (houselogic.com) with permission of the NATIONAL ASSOCIATION OF REALTORS (R).Copyright 2010. All rights reserved.

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Friday, September 17, 2010

6 Questions Foreclosure Buyers Should Ask

By: James J. Saccacio

There are questions that buyers in any market should be asking before they make an offer on a property in foreclosure.

1. Is now a good time to buy a foreclosure?

This is a very common question from both real estate professionals and prospective buyers. Obviously, because local market conditions vary, the answer is different from market to market. But there are questions that buyers in any market should be asking before they make an offer on a property in foreclosure.

2. What's the first step buyers need to take?

Require buyers you work with to be preapproved for a loan before you help them shop for a foreclosure. If they're thinking of buying a foreclosure as an investment or second home, they need to understand that financing the home will be more difficult and more expensive than financing a primary residence. Lenders typically charge higher interest rates and require a larger down payment for investment or second homes.

3. How can you tell a bad foreclosure from a good one?

Certainly there are great deals in many markets for both investors and buyers looking for a primary residence. But making a sound deal can be tricky. Buyers need to be wary of unpaid liens, including mortgage debt, taxes, construction loans, home equity lines of credit, and possibly a second or third mortgage. Any or all of these financial obligations could become your clients' responsibility when they purchase a property in foreclosure. Unless the property goes through a foreclosure auction and becomes a bank-owned REO, the outstanding foreclosure liens and fees could be simply transferred to the new owner-your clients. Don't let them fall into the same financial trap as the previous owner.

4. If I'm a qualifying borrower, can I appeal to banks for better loan terms?

Lenders are drowning in defaults-particularly in hard-hit real estate markets such as Arizona, California, Florida, Michigan, Nevada, and Ohio-so they may be motivated to cut a deal. If your clients have a good credit score, many banks will offer them a below-market-rate loan on a bank-owned home. Unlike paying down with points, this doesn't cost anything in fees, and it gives them the ability to spend more for the home.

5. What are the costs of buying a foreclosure?

It takes money to make money. The best opportunities are for buyers with cash. If your clients are planning to rent out the property or even resell it for a quick profit, make sure they consider the carrying costs, including sales commissions, marketing costs, vacancies, taxes, insurance, and maintenance costs. Once you've calculated all the expenses, add on another 10 percent to 15 percent. If they don't build in a "surprise fund," your clients might be the next foreclosure statistic.

6. How does choice of neighborhood affect foreclosure investments?

Clients looking for a good investment should generally avoid neighborhoods overrun with foreclosures, particularly newer subdivisions in overbuilt exurban areas. Investors will be tempted to buy foreclosures in these areas because they offer the steepest discounts-but they also carry the most risk of further depreciation. Look in well established neighborhoods with good schools and transportation. If you're in a market where prices are still falling, encourage your clients to factor falling prices into any offer they submit on a foreclosed property.

James J. Saccacio is chief executive officer of RealtyTrac, a Web site that tracks properties in foreclosure.

Published: April 2010 REALTOR magazine

Reprinted from REALTOR® magazine with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

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Wednesday, September 15, 2010

Factors that Influence Property Appraisals

By Barbara Ballinger

Here are some of the factors that appraisers Joni L. Herndon of Real Property Analysts/Gulf Coast in Tampa, Fla., and John A. Hillas of Hulbert & Associates Inc. in Modesto, Calif., say they consider when determining value.

* Incentives and concessions. Most of today's buyers expect to pay the lowest possible price and still get some extras. Sellers and home builders are offering money toward closing costs, remodeling and decorating, upgrades, and association dues. The price set initially may not be the final price once concessions are factored out. Appraisers care about that final number.

* Closing date. Forget what comparable neighborhood houses sold for a few months back. Appraisers want prices from the most recently closed transactions. "If a sale was more than 45 days ago, even 35, the price may be irrelevant," Hillas says.

* Condition and curb appeal. Appraisers typically find several properties with similar interior and exterior features to determine value. When markets are healthy, blemishes matter less, but when markets soften, problems-a dated kitchen or barren lawn-can reduce prices and deter buyers. "The difference in value is not just the repair costs but the time and hassle to make them. It's better for sellers to do work in advance," Hillas says.

* Foreclosures. Appraisers technically shouldn't consider neighborhood foreclosures when valuing a home, since foreclosures don't meet the Appraisal Institute's definition of a property reasonably exposed in a competitive market, says Herndon. "But when several neighborhood homes are abandoned, it's hard not to caution sellers that this is a troubling trend and may affect home values," she says.

* Changing demographics. If a house is in an up-and-coming area, the value can be expected to rise. A location that's perceived as safe also may help attract the increasing number of single female buyers.

* Economic clouds. If there's an oversupply of comparable homes for sale, or if the local job market is suffering, buyers may be hesitant to invest. Hillas advises setting prices aggressively from the get-go.

* Chemistry. It's hard to account for those times when buyers fall in love with a house, despite a high price, poor condition, or tough economy. "Emotional attachment is a factor that can't be predicted," says Herndon. Hillas agrees, "It's what makes it harder to appraise homes versus commercial buildings, where buyers care more about the bottom line."

Published: April 2009 REALTOR magazine

Reprinted from REALTOR® magazine with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

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Monday, September 13, 2010

5 Ways to Add Condo Curb Appeal

How can you make that condo stand out from others on the block?

Sales of condominiums and co-ops accounted for nearly 13 percent of all home sales in 2009, according to the NATIONAL ASSOCIATION OF REALTORS®, and in many markets that number is much higher.

But with inventory still high in some areas, buyers may have a tough time making up their mind. Here's how to make sure your condo listings create a great first impression.

1. Make the front door shine.
Keep it simple, clean, and attractive, says Debbie Rumsey with Century 21 Sea Coast in Encinitas, Calif. If the front door is exposed to the outside, remove knickknacks such as wind chimes and add a healthy potted plant. And don't forget a fresh welcome mat.

2. Get buy-in from the neighbors.
A friendly smile from a neighbor can be just what a buyer needs to make an offer, says Joan Lorberbaum Moore of Lang Realty in Boca Raton, Fla. "I make it a point to introduce myself to the residents of the neighboring apartments when I take on a new listing."

3. Show off hidden treasures.
If the front of the building is blah, then highlight a different area as your main property photo, says Margaret Goss of Baird & Warner in Winnetka, Ill. For example, focus on the back of the building to show off attractive amenities such as a pool or garden.

4. Tidy up the mail.
In multifamily buildings with a central area for mailboxes, add a nice basket for overflow mail, says Elizabeth Bolton of Coldwell Banker in Cambridge, Mass. Also, make sure hallways and stairs are swept or vacuumed and that shoes aren't left outside the doors.

5. Team up with the HOA.
When there are many units for sale in the same building, why not work together to make sure the building is looking its best? Christopher Watters of Texas Ranch & Home Realty in Austin, Texas, suggests attending a condo association meeting to discuss simple improvements such as sprucing up the lobby, planting flowers, or adding flattering external lighting.

Published: April 2010 REALTOR magazine

Reprinted from REALTOR® magazine with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright 2008. All rights reserved.

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Saturday, September 11, 2010

Low-Maintenance Lawn Alternatives: Ground Cover

If you want a yard that demands less time, money, and water, consider ground cover rather than a traditional lawn.

Americans have long had a soft spot for lawns. Turf grass covers nearly 47 million acres in the U.S., according to the Lawn Institute. But there's plenty that's not green about all that green. For starters, the average household dumps 60 gallons of water a day on conventional lawns. Toxic lawn herbicides and pesticides run off into lakes and streams. Gas-powered mowers spew pollution into the air. And then there's all that time spent watering, weeding, seeding, sodding, thatching, and mulching.

If you're looking for an alternative, consider replacing some or all of your high-maintenance turf with ground covers that form walkable "carpets," and innovative grasses that require little or no water or mowing once established.

In turn, you'll reduce the need for irrigation, stop washing harmful chemicals into the watershed, add depth and texture to your landscape, and spend your spare time enjoying your yard instead of manicuring it.

CREEPING PERENNIALS, CLOVER, AND OTHER GROUND COVERS

There's a ground cover to meet most needs, whether you're planting a pathway, a hedge, or a broad swath of green. They run the gamut of foliage textures and colors, and many have wonderful flowers. Some varieties are ground-hugging and feel delicious under bare feet. Others grow up to two feet tall, making them ideal as barriers or landscape punctuation.

Look for attributes that meet your needs: child-durable, deer-resistant, drought-tolerant, shade-loving. Mixing them up is not only aesthetically pleasing, it's also good for the landscape: Diversity increases resistance to pests and disease and reduces the need for fertilizer and pesticides. Here are some popular choices.

Creeping perennials: Tight to the ground, these plants are especially good for cushy green carpets. They keep out weeds and allow air, water, and nutrients to get to plant roots. Many work equally well in rock gardens or in crevices between stepping stones, in full or partial sun. These include mat-forming New Zealand Brass Buttons (Cotula squalida) and Scotch or Irish Moss (Sagina subulata), which isn't a moss at all but a perennial that forms a cushiony blooming carpet.

Some, like Blue Star Creeper (Laurentia fluviatilis), which has tiny green foliage, bear up to heavy foot traffic. Creeping Jenny (Convolvulus arvensis) has an extensive root system that makes it quick to spread and tough to kill. That's a good thing if you're looking for a tough turf alternative but a problem if it creeps into beds where you don't want it.

Besides being good creepers, many ground-hugging perennial herbs are often nicely scented, hardy under foot traffic, and even edible. These include chamomile (Chamaemelum nobile), which has fern-like foliage and white flowers with yellow centers; Corsican mint (Mentha requienii), which thrives in shade, exudes a minty smell when trod upon, and is edible; and various thymes (Woolly, Red, Prostrate), which feature dainty flowers and work well between pavers or as a low mounding carpet.

Creeping perennials cost $6 to $10 per plant. A 15-by-20-foot area with plants 2 inches apart (for instant density) requires 300 plants. But if you're patient enough to wait a year or so for them to spread, you can buy fewer plants and space them 12 inches apart.

Clover: Although clover has gotten a bad rap as a weed, it's actually not a weed at all. In fact, a clover lawn (or, for high-traffic areas, a clover-grass mix) has many advantages. Sweet-scented, inexpensive, and quite durable, white clover (Trifolium repens) grows in any kind of soil, stays green even during low-water periods, and feels lovely underfoot.

Low-growing clover doesn't need regular cutting, nor does it need fertilizer, but an occasional mow will encourage new growth and discourage bees. If you don't mind the bees, consider letting your clover bloom, which benefits the bees and the environment. Clover is one of the least expensive groundcover options, costing about $4 to seed 4,000 square feet.

Laura Fisher Kaiser writes about architecture, design, and sustainability. She is in the process of letting clover, moss, and creeping jenny take over what's left of her Washington, DC, lawn.

Article From Houselogic.com

By: Laura Fisher Kaiser

Published: March 18, 2010

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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Thursday, September 09, 2010

Lawn Maintenance Calendar

Regular lawn maintenance gives your home maximum curb appeal and preserves the value of your property.

A healthy, well-maintained lawn is more than just good-looking-it's a key to preserving the value of your home. Regular lawn maintenance enhances curb appeal, making your home-and neighborhood-attractive to passersby and potential buyers.

According to Su Chi Straka-Phillis, a residential real estate appraiser with Central Appraisal Services of Parma, Ohio, a well-kept lawn preserves a home's value.

Put off routine maintenance, and you risk devaluing your home. In fact, an unkempt lawn can be a warning sign to buyers of other potential home maintenance issues, explains Cecilia Sherrard, a real estate agent in Rocky River, Ohio. "The outside of the home is the first thing people see, and if it's not properly maintained, many will not be interested in scheduling a showing to see the inside."

KNOW YOUR GRASS TYPE

There are two main types of lawn grass: cool-season and warm-season. Homeowners living in the Northeast, Midwest, and Northwest should grow cool-season grasses. As depicted on the Plant Heat-Zone Map provided by the American Horticultural Society, the regions for cool-season grasses are approximately zones 1 through 7.

Cool-season grasses do most of their growing in spring and fall, often going dormant in the summer. Cool-season grasses include bermudagrass, zoysiagrass, and St. Augustine grass.

Those living in the Southeast and Southwest (zones 8 through 12) will generally have warm-season grasses. Warm-season grasses thrive from late spring to early fall and go dormant in the winter. Varieties include tall fescue, Kentucky bluegrass, and perennial ryegrass.

If you're unsure which zone applies to you, check your state extension service.

MOWING

Grass type: All
Maintenance schedule: Spring to fall

"The taller the grass, the deeper the roots, the fewer the weeds, and the more moisture the soil holds between watering," explains Richard Hentschel of the University of Illinois Extension. Hentschel recommends the mower blade height be permanently set to 3 inches.

In prime growing season (spring and fall for cool-season; summer for warm), homeowners should mow frequently enough so they're removing no more than one-third of the grass blade. If possible, resist the urge to mow the grass when wet, as the practice can spread diseases that affect lawns.

Mower blades should be sharpened monthly to ensure clean, sharp cuts. A dull blade tears the grass, leaving jagged edges that discolor the lawn and invite pathogens. Consider spending about $20 for a backup blade so that a sharp one is always on hand.

WATERING

Grass type: All
Maintenance schedule: Spring to fall

Deep and infrequent watering is better for lawns than frequent sprinkles, which promote shallow root growth, says Hentschel. In general, lawns need about one inch of water per week to maintain green color and active growth.

Lawns that receive less than that will likely go into dormancy. To stay alive, dormant lawns should still receive at least 1 inch of water per month.

To check the output of a sprinkler, scatter some pie tins around the yard to see how much water collects in a specific length of time. Having a rain gauge ($5 to $20) will help you keep track of how much water the lawn receives naturally. Allowing a cool-season lawn to go dormant in the summer can save hundreds of gallons of water, depending on the size of your lawn.

FEEDING

Grass type: Cool-season
Maintenance schedule: Early fall

Grass type: Warm-season
Maintenance schedule: Late spring

"It used to be common to fertilize a lawn three or four times per year," says Hentschel. "Now we suggest just once a year when it will do the most good." For cool-season grasses, that time is early fall, so the grass enters winter dormancy in a much healthier state.

For warm-season grasses, the best time to fertilize is late spring, just as the grass begins its most active growth. For best results, closely follow the application directions on the product. Cost is around $50 to $75 per application.

People interested in organic fertilizers have never had an easier time finding them at local garden centers. Homeowners who mow regularly with mulching mowers are encouraged to leave the clippings on the ground, where they'll decompose and recycle nutrients into the soil.

WEED-CONTROL HERBICIDE APPLICATION

Grass type: Cool-season
Maintenance schedule: Fall

Grass type: Warm-season
Maintenance schedule: Late winter

Homeowners should embrace the idea that an occasional weed is OK, says Hentschel. For minor weed invasions, removal by hand of the entire plant and roots is recommended. When the situation becomes impossible to contain by hand, it might be necessary to apply an herbicide.

For cool-season grasses, the best time to apply a weed killer is in fall, when both old and new weeds can be eliminated before winter. Warm-season grasses often benefit from a late-winter application of a pre-emergent herbicide to prevent weeds from growing.

In place of weed and feed products, which are spread over the entire lawn, Hentschel prefers liquid-based herbicides that are applied only where needed. It's imperative to read and follow all directions on herbicide labels. Cost is around $15 to $45 per application.

GRUB CONTROL

Grass type: Cool-season
Maintenance schedule: Early summer

Grass type: Warm-season
Maintenance schedule: Late summer

Grub worms, the larval stage of June, Japanese, and other beetles, feed on the tender root systems of lawns. Affected lawns exhibit browning and wilting patches.

To be certain that the culprits are grubs, Hentschel suggests that homeowners pull back the sod and look for white, C-shaped grubs. If they're present at a rate exceeding 10 per square foot, they should be treated with a chemical pesticide.

Milky spore is an environmentally friendly way to control some species of grubs. When using insecticides, read and follow all label directions and water the product into the soil immediately. Cost is around $50 to $75 per application.

PATCHING

Grass type: Cool-season
Maintenance schedule: Early fall

Grass type: Warm-season
Maintenance schedule: Early summer

The best time to patch bare or thin spots in a lawn is at the start of the grass's most favorable growing period. For cool-season grasses that means waiting until the hot, dry days of summer have given way to cooler fall temps.

Warm-season grasses thrive in summer, so it's best to sow seeds at the start of that season. Hentschel says to buy only high quality disease-resistant seed with good germination rates, which by law have to be listed on the label. Cost is anywhere from $20 to $75, depending on the size of the areas to be patched.

CLEANUP

Grass type: All
Maintenance schedule: Spring to fall

Although small particles of grass are fine to leave on the lawn, large piles that exit a side-discharge mower should be removed. Fallen leaves, twigs, and debris should be raked up regularly. In climates where it snows, it's best to remove fall leaves before winter. A thick layer of wet leaves can smother a lawn if not immediately removed in early spring.

Download our free PDF worksheet for an easy-to-use seasonal maintenance task chart.

Douglas Trattner has covered home maintenance and improvement topics for HGTV.com, DIYNetworks, and the Cleveland Plain Dealer. During the 10-year stewardship of his 1925 Colonial, he's upgraded the furnace, added insulation, replaced most appliances, and mowed his lawn every time but once.

Article From Houselogic.com

By: Douglas Trattner

Published: February 04, 2010

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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Tuesday, September 07, 2010

Sea Coast "Scoop Off"

Wilmington's real estate community is squaring off in a a "Scoop Off" to benefit the American Heart Association!

Coldwell Banker Sea Coast Realty president Tim Milam will be scooping Italian ice and frozen custard at Rita's in Wilmington's Lumina Commons on Wednesday, September 8, 2010, 1:00-3:00PM.

Rita's will donate all of the profits from all of Milam's scoops to the American Heart Association's Heart Walk.

To heat up the cool contest, Milam will be competing against Intracoastal Realty's Jim Wallace to see who can serve up the most scoops for charity.

Bring your friends, family, and co-workers to cool off with some frozen custard or Italian ice for a great cause. Rita's is located in Lumina Commons at 1982 Eastwood Road in Wilmington.

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Landscaping for Curb Appeal

A well-landscaped yard creates curb appeal and helps your property retain maximum value.

A beautiful yard is a head-turner, no doubt about it. The good news is that even if you can't tell a tulip from a turnip at the garden center, you can still create eye-catching curb appeal by paying attention to the basics of good landscaping. Ignoring your yard--or doing something that's out of character with the neighborhood-can jeopardize the assessed value of your home.

"We have several categories for design and appeal," says Frank Lucco, a real estate agent and professional appraiser in Houston. "That's where we make those adjustments. Poorly maintained landscaping can be as much as a 5 or 10% deduction."

Appraisers are quick to praise the allure of a well-tended lawn and good-looking landscaping when it comes time to sell your home, but most do not assign any specific increase in monetary value for upkeep.

"Landscaping is going to add to the appeal of the property and it may sell quicker, but it's hard to determine value," says John Bredemeyer, president of Omaha-based Realcorp. "You have to have a number to compensate someone if you drove into their tree and killed it, but is it really market value? Probably not."

Nevertheless, most professionals agree that curb appeal and a well-maintained appearance prevent your property from losing value. Here are the top suggestions from real estate agents, appraisers, and landscape designers for boosting the curb appeal of your yard:

GREEN UP THE GRASS

If your house has a front yard, make sure it's neat and green. You don't want bare spots, sprawling weeds, or an untrimmed appearance.

"It's so simple to go to Home Depot, buy fertilizer, apply it every six weeks, and water it," says Mitch Kalamian, a landscape designer in Huntinginton Beach, Calif. "It will green up."

If the yard looks really scruffy, you may decide to invest in some sod. According to the National Gardening Association, the average cost of sod is 15 to 35 cents per sq. ft. If you hire a landscaper to sod your yard for you, labor will add 30% to 50% to the total cost of the project.

Another alternative is to plant low-maintenance turf grasses. Turf grasses are durable and drought-resistant. Expect to pay $18 to $30 for enough turf grass seed to plant 1,000 sq. ft. of lawn area.

ADD COLORFUL PLANTING BEDS

Flower beds add color and help enliven otherwise plain areas, such as along driveways and the edges of walkways. In general, annual flowers are a bit cheaper but must be replaced every year. Perennials cost a bit more but come back annually and usually get larger or spread with each growing season.

If you're not sure what to plant, inquire at your local garden center. Often, they'll have a display of bedding plants chosen for their adaptability to your area. Also, they'll be inexpensive because they're in season, says Peter Mezitt, president of Weston Nurseries in Hopkinton, Mass. Try pansies in the summer, and asters and mums in the fall to add vibrant color. "That's what we do around the entrance to our garden center," Mezitt says.

Valerie Torelli, a California REALTOR; who dresses up her clients' yards to sell their houses faster and for more money, says that in her market, she can put in a bed of colorful annuals and bark, as well as cutting down overgrown shrubs, for less than $500. "We can buy gorgeous plants for $3.99 to $15.99," she says.

ADD LANDSCAPE LIGHTING

For homeowners who have made a sizeable investment in landscaping, it makes sense to think about adding another 10% to 15% to the bill for professional lighting. "You can't see landscaping after dark," says Brandon Stephens, vice president of marketing for a landscape lighting firm in Lubbock, Texas, "and buyers are not always looking at houses on a Saturday afternoon."

The cost of a system runs from $200 for a DIY installation to more than $4,000 for a professional job. If you're doing it on your own, the key is to light what you want people to see, such as mature trees and flowering shrubs.

PLANT A TREE

The value of mature trees is particularly difficult to determine. Lucco says that in his market, mature trees contribute as much as 10% of a $100,000 property's overall value. In addition, a properly placed shade tree can shave as much as $32 a year on your energy bills. Expect to pay $50 to $100 for a young, 6- to 7-foot deciduous tree.

You can make your own initial assessment of the value of your property's trees by visiting the National Tree Benefit Calculator. For example, a mature Southern red oak tree with a diameter of 36 inches in the front yard of a house in Augusta, Ga., would add $70 to the property value this year, according to the calculator.

Georgia-based freelance writer Pat Curry writes extensively about housing and real estate for consumer and trade publications. While a fair hand at remodeling, she is hopeless as a gardener. As a result, her landscaping is made up of plants that thrive on neglect.

Article From Houselogic.com

By: Pat Curry

Published: March 25, 2010

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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Sunday, September 05, 2010

Develop a Landscape Plan to Fit Your Budget

The success of any landscaping project depends on having a plan and sticking to it.

Landscaping is one of the surest ways to pump up the value of your property. According to research by Virginia Cooperative Extension, going from a plain lawn and a concrete driveway to a well-landscaped lot raises a home's perceived value by 12.7%. The opposite is also true: A "minimal" landscaping job-a thoughtless smattering of scraggly plants-actually detracts from home value.

How much should you invest in upgrading your landscape? Professionals recommend budgeting 10% of your home's value. But the important thing to remember is that success doesn't depend on how much you spend. "Landscaping doesn't have to be expensive, just well planned," says Carl Heldmann, author of "Be Your Own House Contractor." Here's how to get started on a landscape plan of your own.

FIRST, CONSULT A PRO

To figure out how to allocate your landscape dollars, start by picking the brain of a pro. Even if you have a naturally green thumb, a trained professional can save you from wasting money on wrongheaded ideas and open your eyes to possibilities you haven't considered. There are various types of landscape pros, and their expertise is priced accordingly.

If your yard has major issues or you have grand ambitions, consider hiring a certified landscape architect to design a comprehensive plan that includes such things as irrigation, lighting, architectural features, soil conditioning, and, of course, the growing stuff. A verbal consultation costs about $100-$150; a detailed plan can run from $300 to $2,500. The American Society of Landscape Architects offers a state-by-state "firm finder" on its website.

Landscape designers typically charge less than degreed landscape architects and are a good choice for simpler projects that don't require construction. Horticulturists specialize in plants, not necessarily design. Then there are landscape contractors, the design-build firms of yard work. Start by asking friends whose gardens you admire for recommendations. Your local home and garden center is another good source for contacts.

SET YOUR PRIORITIES

Before you get any dirt under your nails-or hire someone to get dirty-you need to make two lists: a) what you want and b) what your property needs. These aren't necessarily mutually exclusive, but the exercise is important for setting priorities. It would be folly to spend big bucks on an outdoor kitchen before resolving potentially disastrous issues such as a diseased tree or drainage problems.

The first question that a professional will likely ask is: What do you see yourself doing in your yard? Hosting Sunday barbecues? Doing the crossword puzzle in a hammock? Swimming laps? Growing vegetables? Clip pictures of outdoor spaces you like and don't like to clarify the feeling you're trying to achieve.

Remember that part of your landscape budget will go toward the "b" list. Those are things that may not lend themselves to sexy magazine spreads but can protect your property value-not to mention enhance your quality of life-by lowering water bills, reducing the need to mow or rake, or blocking the view of your neighbor who hot-tubs in the buff. We're talking about practical considerations such as irrigation, fencing, lighting, equipment storage, privacy, and security.

CREATE A "FLOOR PLAN" TO TARGET COSTS

To ballpark costs for materials and labor, think in terms of square footage, which is how landscapers charge. According to Costhelper.com, hiring someone to create a "naturalistic garden" averages $11 a square foot; the cost can double for a formal garden with walls and water features. And don't forget to factor in long-term maintenance such as mowing, mulching, and pruning. (Sweat equity, anyone?)

If you're designing your own plan, start by measuring your property or getting a plat survey from the county. You might even be able to find a topographical map indicating features like slopes and swales. You can sketch the basic layout to scale using old-fashioned graph paper or landscape design software. Prices have come down considerably on the latter, but quality varies widely, so check online reviews before purchasing. A free option: Google's Sketchup, with cool apps for trees, pavers, shrubs, outbuildings, and the like.

Once you have the parameters, create a floor plan, marking off different sections just as you would rooms of a house. The front path is the foyer, there might be a "dining room" with a picnic table, a shady "bedroom" for a hammock, a "rec room" with play equipment. Consider the costs for each area of your plan, including materials, equipment, furnishings, greenery, and any specialized labor like irrigation or electricity.

THINK LONG TERM

If your ambitions exceed your wallet (and whose do not?), go back to your priority list and pick a section or projects to tackle as your budget permits, advises Angela Dye, principal designer/president of A Dye Design, a landscaping firm in Phoenix, Ariz. "What is the absolute most important thing you need to have done?" she asks. "What is bugging you most?"

A carefully conceived plan will keep you on track during this gradual transformation, both in terms of vision and budget. And remember that patience pays off. "Additions or renovations can start losing value once completed," says Jim Lapides, spokesman for the American Society of Landscape Architects. "A landscape literally grows in value over time."

Laura Fisher Kaiser is a contributing editor to Interior Design magazine and a former editor at This Old House magazine. The secret to her Washington, D.C., garden is blood, sweat, tears, and mosquito repellent.

Article From Houselogic.com

By: Laura Fisher Kaiser

Published: September 18, 2009

Visit Houselogic.com for more articles like this. Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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Friday, September 03, 2010

Oak Island NC Fishing


The Brunswick County, North Carolina beach town of Oak Island has beautiful beaches, amazing sunsets, friendly folks, and great fishing.

According to Bobbi Diaz-Welch of Coldwell Banker Sea Coast Realty, you'll love fishing in Oak Island, whether you've been fishing all your life or you've never baited a hook. One of her favorite fishing spots is Ocean Crest Pier. Beginner and veteran anglers of all ages come to the wooden fishing pier to fish for King Mackerel, Spanish Mackerel, Speckled Trout, Flounder, Sheepshead, Pompano, Red Drum, Black Drum, Spadefish, Whiting, Spot, Cobia, and more. Even if the fish aren't biting, you can have a whale of a time just telling fish tales with pier owners Dave and Melinda Cooper.

If you're thinking about buying a home in Oak Island, NC or just visiting, make sure you make time to go fishing. You might just get hooked!

For more information, please visit ‪SeaCoastRealty.com‬ or become our fan on Facebook.‬

Photos contributed by Bobbi Diaz-Welch, Jeff King, and Sea Coast Realty.

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7 Tips for Saving Energy in the Laundry Room

Article From Houselogic.com

By: Douglas Trattner

Published: August 28, 2009

Understanding your laundry room appliances is part of a smart plan to help you save energy in your home.

Good laundry room habits, including some occasional minor maintenance, can save energy and shave nearly $300 off your annual utility bills. That's because you can curb the biggest energy culprit: the cost of heating water.

WASHING MACHINE

The bulk of a washing machine's operating costs-around 90%, says Energy Star - go to replacing the hot water in the home's hot water tank. Reduce the amount of hot water the appliance uses, and you'll significantly shrink its associated utility bills. By washing fewer loads and doing those loads in cooler water, you can save around $200 per year.

1. Use cold water. Switching from hot wash to cold, according Michael Bluejay, also known as Mr. Electricity, who specializes in electricity savings, can shave up to $215 per year off your electric bill. If you have a high-efficiency washer or gas-fueled water heater, assume savings of about half that figure. Cold washes are generally as effective in getting clothes clean as hot.

2. Only wash full loads. Discounting the energy required to heat the water, it costs around $60 per year in electricity to run the washer, according to the U.S. Department of Energy. Because it takes just as much electricity to wash a small load as it does a full one, you'll save money by only washing full loads. By reducing the number of overall loads by one-quarter, you can save $15 a year.

CLOTHES DRYER

Because it's essentially a "toaster with a fan," says Amanda Korane of The American Council for an Energy-Efficient Economy, a nonprofit focused on advancing energy efficiency, the clothes dryer is a difficult appliance to make green. But that doesn't mean there aren't ways to lessen its impact on your utility bill to the tune of about $80 per year.

3. Spin it faster. Good dryer efficiency starts in the clothes washer. Setting the maximum spin speed in the washer will reduce the amount of time-and energy-it takes to get clothes dry. Many of today's high-speed washer spin cycles can cut dry times by as much as half compared with older models. If an average electric clothes dryer costs about $80 per year to operate, according to the DOE, savings can approach the $40 mark.

4. Clean lint filter and exhaust. Dryers have to work harder and longer to dry clothes when air doesn't freely flow. Cleaning the lint filter before every use and doing the same for the exhaust line once a year will help maintain maximum efficiency. Also, check that the duct hose is free from tight bends and obstructions. These small chores not only will save a few bucks per year, they will reduce the risk of fire.

5. Activate energy-saving features. If the dryer has an automated moisture-sensing device, use it. Setting the timer can cause the dryer to run longer than necessary. But a moisture sensor will automatically shut off the machine when it senses clothes are dry. This feature can save $8 to $12 a year.

6. Dry like with like. Lighter items, such as T-shirts and blouses, dry much quicker than heavy items like towels and blankets. Therefore, when these items are combined in the same load, some of the clothes continue to tumble long after they're dry. This extends the dry time of the bulkier items, in turn wasting a few bucks every month.

7. Skip it. Every load in the dryer costs around $0.35, according to Bluejay. Hanging clothing to dry on a line outside or rack inside costs nothing. Racks run about $25-$90 at online retailers. So, by giving the dryer a break even occasionally, savings can add up. Not only will the practice reduce utility bills, it will help extend the life of both the clothes and the appliance.

Douglas Trattner has covered household appliances and home improvement for HGTV.com, DIYNetworks, and the Cleveland Plain Dealer. During the 10-year stewardship of his 1925 Colonial, he's upgraded almost every household appliance. After lengthy deliberation, he recently replaced an aging top-load washing machine with an energy-efficient front-load unit.

Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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Wednesday, September 01, 2010

7 Tips for Saving Energy with Home Lighting

Article From Houselogic.com

By: Charlotte Barnard

Published: August 28, 2009

Lighting eats up as much as 20% of your annual electric bill, but using energy-efficient bulbs and making other simple changes can cut lighting costs dramatically.

Lighting is one of the biggest energy gobblers in your house, eating up between 10% and 20% of your total electric bill. But it's also one area of the home where a minimal effort can yield major returns. Simply replacing standard incandescent light bulbs with compact fluorescents can lower operating costs by as much as 75% per bulb. And in places where you can't-or don't want to-switch to CFLs, you can use higher-efficiency incandescents and even make your existing conventional lighting cheaper to operate. When new federal legislation takes effect in 2012, all light bulbs will have to meet tougher energy-efficiency standards. But with a few small changes, you can start saving money right now.

FOR THE GREATEST SAVINGS, SWITCH TO COMPACT FLUORESCENTS

CFLs remain the go-to choice for energy efficiency. They last longer and consume less electricity than a standard incandescent. A 13-watt CFL, for example, gives off the same amount of light as a 60-watt incandescent and burns for 10,000 hours, compared with 1,000 hours for the conventional bulb. A typical CFL saves about $30 in operating costs over its lifetime.

Early CFLs didn't always deliver on light quality or convenience, but aesthetic performance has improved vastly in recent years. They now come in warm, neutral, and cool "colors," and major manufacturers like GE have started enclosing the telltale spiral in a conventional bulb shape so it's less obtrusive.

You get the biggest bang for your buck with CFLs in places where you would otherwise use incandescent bulbs: floor and table lamps and standard overhead fixtures. They last longer when they're not flipped on and off constantly, so they're especially good in rooms that see a lot of activity throughout the day, such as a kitchen or a playroom. A couple of caveats: CFLs can be glary, so they're not the best choice in downward-pointing fixtures like chandeliers, and most don't work with dimmers or timers. Because the bulbs contain mercury, they can't be thrown out in the regular trash. If you bought them at a home center, you should be able to return them there for recycling, or log on to recycleabulb.com to find a disposal center near you.

Cost and savings: Expect to pay $2 to $15 for a CFL, versus 50 cents to $1 for a comparable incandescent, but the CFL will last at least 10 times longer and cost up to 75% less to operate.

MAKE YOUR EXISTING INCANDESCENTS LESS EXPENSIVE TO RUN

By simply lowering the wattage of an incandescent bulb by 15 watts-from 75 to 60, for example-you can knock 15% off the operating cost. And you may not even notice the difference in brightness. "A small reduction in wattage isn't discernible to the eye," says Brett Sawyer, a consultant who blogs about sustainable home design. If the light is on a dimmer, for every 10% you lower the brightness, you'll double the bulb's life. Try this next weekend, Sawyer says: Replace your most-used bulbs with ones at least 10 watts lower. If you don't notice the difference, then replace all the incandescents you can with lower-wattage bulbs. Combine that with CFLs in selected fixtures, and you'll achieve a "light layering" effect that saves money without compromising light quality, and without a hefty upfront investment.

Cost and savings: For every 15-watt reduction, you reduce energy use by 15%. And a $10 dimmer, once installed, costs nothing to use.

KEEP AN EYE ON NEW BULB TECHNOLOGIES

Spurred on by new energy requirements set to go into effect in 2012, bulb manufacturers are working feverishly to come up with more efficient versions of the standard incandescent. Presently, companies including GE, Sylvania, and Philips offer high-efficiency incandescent and halogen bulbs that use less energy than standard incandescents while delivering the same light quality. And research is proceeding apace on how to bring the dramatic energy efficiency of LED technology to residential products. These lights, which require very little current and last even longer than CFLs, are prohibitively expensive for home use (except in certain applications like under-cabinet strip lighting), but that's likely to change in the coming years.

THINK BEYOND THE BULB TO SAVE ON LIGHTING COSTS

Changing bulbs is one way to reduce your lighting bill, but it's not the only way.

Motion sensors: Great in rooms where the occupants can't be counted on to turn off the light, such as a kids' playroom. Devices cost $15 to $50 and take about an hour to install.

Door-jamb switches: Best in a pantry or closet; opening the door activates the light. As much a convenience as it is an energy saver-as long as you remember to close the door. Devices starts at about $15.

Windows: You'd be surprised at how much a simple window cleaning can instantly improve natural light.

Energy Star fixtures: Designed for CFL and LED lights, these can save up to $70 a year in energy costs. Go to energystar.gov to find links to manufacturers.

Lifestyle expert Charlotte Barnard specializes in home improvement and decorating topics and also consults on consumer and residential trends for magazines, web sites, and retail ventures.

Reprinted from HouseLogic with permission of the NATIONAL ASSOCIATION OF REALTORS (R).

Copyright 2010. All rights reserved.

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