We invite all Real Estate Professionals to share their knowledge with prospect home buyers and home sellers here. We hope, this blog will help clients to understand the home buying and selling process, home inspections, appraisal, and etc. And that will help our community to make the best decision before engaging in any real estate transactions. If you are a real estate professional and you would like to share your knowledge, feel free to create an account here for free!
|Posted by Peter Karami on July 15, 2017 at 1:20 AM||comments (0)|
Some the features that increase property values are obvious-like a remodeled bathroom, a modern kitchen, or a sought-after neighborhood. But here are a few features and circumstances you have not have realized can affect property values.
The neighbors: Not every neighborhood or community has an HOA that can keep the neighbors from going overboard with decorations or neglecting to care for their home. Homes adjacent to crazy neighbors can potentially be undervalued.
Trendy groceries and coffee: Recent statistics suggest that if your home is a short walk from popular grocery stores like Whole Foods or coffee chains like Starbucks, it can actually appreciate faster than the national average.
Mature trees: A big beautiful tree in the front yard is enviable, and it's not something that can be easily added to any home. Homes with mature trees tend to get a little boost in value.
Parking: This isn't too much of an issue if you live in the suburbs or in a rural area, but residents in dense cities can have real problems with parking, and homeowners might need to rent a spot just to guarantee a place to park each night. That's why having guaranteed parking in urban areas will raise property values.
The front entrance: First impressions matter to buyers-many will cross a home off their list within 10 seconds of stepping through the front door. An appealing front door, a friendly entryway, and a functioning doorbell are all necessities for getting top dollar.
|Posted by Peter Karami on July 15, 2017 at 1:20 AM||comments (0)|
Budgeting for buying a home can be difficult enough when you're just weighing mortgage options and a purchase price. But there are many other factors that go into the cost of home ownership. Some of them are one-time expenses that you'll pay during the home buying process, while others will be recurring costs for as long as you own the home.
There are several smaller fees that add up to a rather large sum when you're going through the closing process-loan fees, attorney fees, underwriting fees, and more. They typically add up to 2-5% of the purchase price. For a $300,000 home-roughly the national median-that's in the neighborhood of $10,000, so be sure to budget for it.
Your lender will require an appraisal, and the appraisal fee (a few hundred dollars) comes out of your pocket. Inspection
The few hundred dollars you'll pay for a home inspection is money well spent, but it's something you have to keep in mind during the purchase process. You'll have the peace of mind of knowing the house is free from any major issues, and you're making a smart, solid investment.
Although homeowners insurance isn't legally required, it'll almost certainly be required by your lender. Further insurance, such as flood insurance, may also be required (depending on your location).
Home Owners Association
If you're living in a property or community with shared spaces, you'll almost certainly have an HOA fee. This pays for things like trash removal, maintenance of common areas, and for recreational facilities like gyms and swimming pools.
|Posted by Peter Karami on July 15, 2017 at 1:15 AM||comments (0)|
Staying on top of the latest trends in home decor isn’t for everyone, but even for traditionalists, it can be fun to incorporate some new ideas. Here are five bathroom decor trends that are appearing in 2017.
Geometric Patterns: Many homeowners are selecting bold patterns in geometric shapes, like chevrons, triangles, or hexagons. These patterns can add intrigue and continuity to your tile or shower curtain.
Plants: Even the best-designed bathrooms can benefit from some small plants. If you have a windowless bathroom, there are some low-light options that can survive with little maintenance.
Dark Colors: This can be tricky to achieve, but it comes with a big pay off. While traditional bathrooms are often painted with brighter whites and greys, opting for darker colors can make a bathroom seem more luxurious and relaxing. Imagine sinking into a deep bath with dim lighting—that might convey the appeal of a darker palette.
Brass Hardware: Trends often come back around, and this year, brass fixtures of the ‘70s are popular once again.
Minimalism: The massive master bathroom is still great, but there’s also some appeal in smaller bathroom designs. Minimalism allows for smaller spaces to feel more intimate, but still airy and open.
|Posted by Peter Karami on January 4, 2017 at 1:05 AM||comments (4)|
If you've been following my advertising posts on social media, you probably already know that I have listed a Nursing home business for sale in Washington. Al though the business is a profitable business with appx 20% ROI ( Return on Investment), I found it very challenging to find a pre-qualified buyer for several reasons: I have received many calls from prospect buyers and in some occasions seller has agreed to allow prospect buyers view interior of the property. However, the first and foremost issue for all buyers is financing this business. It is clearly not difficult to finance a profitable business for most buyers with several available business loans offered by many banks, especially the SBA loans which usually it does allow buyers with reliable qualifications purchase a business with as low as 10% down-payment. This is not the case here when it comes to buying a nursing home in Washington under the category of an Adult Family Home. Basically, this type of business are established in a residential zoned property and in a single family houses. As you may know, obtaining a loan for a single family home is defined under certain guidelines that is fairly simple and available to folks that are buying a house just to live in it. However, when the house is being used for a business purpose and that is a residence and care for the elderly, the scenario is completely different. It seems, banks don't know whether to finance the property under single family home guidelines or take the business side of the scenario and finance the house as a commercial property. Therefore, it has become a dilemma for me that whether it is possible to find a lender that is willing to finance this type of business which includes residential property or that is simply impossible and this type of business can be only purchased by cash?!
|Posted by Peter Karami on November 22, 2016 at 5:40 PM||comments (0)|
As many of our readers know, Peter Karami is a dual state real estate broker and he is constantly selling properties in Washinton and California. After his recent sale in the Federal Way, WA now he has listed a probate house for sale in the Seattle, WA. This is a smaller size one bedroom house in a nice residential neighborhood located at 517 N. 82nd Street in Seattle, WA