Newsletter
Your Real Estate Of Mind
Stay up to date with our bi-monthly newsletter, which includes helpful real estate resources and on-going updates of homes sold in your area (Please include your address and zip code). Although this is a good tool for recent home sales within your zip code, it's not entirely neighborhood specific. Please go to the "Your Homes Value" tab/section of our website for real-time current home sales and activity in your immediate neighborhood.
We hope you enjoy the information provided.
Sincerely,
The Fuenning Group
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To Sell or Not to Sell?  
Are you starting a family? Are your children going off to college? Or
is your life changing course? As your family evolves, so do your
requirements of a home and community. As a result, it helps to evaluate
whether or not your current home and community are meeting your needs.
If the answer is no, the debate between moving and remodeling begins.
When you find yourself with this dilemma, the following exercise may
help lead you to the best answer for you and your family.
Make a list of things you don't like about your current home and
community. Make another list of things you would like in a new home and
community. If you are happy with your community, is it possible to
renovate your home to meet your needs. How much will a remodel cost?
Can you afford it? Can your family live through it? Where can we find a
house to fit your needs? Can you afford it? Is it more cost effective
to buy a new home or remodel your existing one?
Review your findings with your family members. They may have some
different insights to the situation at hand. If you are satisfied with
your current community, the decision to move may be a bit more
difficult. But, take the time to look in nearby areas to see what is
available. Together we may be able to find something that fits your
needs in your current community or one that you prefer more. If you do
choose to remodel, remember it's difficult to recoup the money spent on
a significant remodel when you do decide to sell. Also take into
account the time, energy and toll a remodel may take on your family.
Whenever you do decide to sell your home, we can work together to not
only sell your current home, but also find one that fits your new needs. |
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Home Appraisals and the Home Buyer 
A home appraisal determines what a house is worth. This number is
especially important when you're looking to purchase a particular
house. Your lender will make a decision regarding the amount of your
loan based on the appraised value of the property. The appraiser not
only takes into account the house in question, but similar homes sold
in the area, as well as several other factors. The appraised value of a
house can also help you with assessing taxes and estate planning when
buying a home.
Due to the varying factors that go into an appraisal, there are cases
when the appraised value of a house will differ, sometimes greatly,
with the asking price. When this occurs you may be suddenly held
responsible for a greater down payment than originally calculated. To
protect yourself from this occurrence, you should insist that the real
estate contract includes a financing contingency. The contingency may
include the opportunity to cancel the contract and get your deposit
money refunded or state that the seller will reduce the price of the
house to the appraised amount.
As a team, we'll not only find you a new home, but also help to protect
your interests by using contingences like this. As always, we look
forward to working together with you. |
