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|8978 Draper Road Milford, DE|
|OUT IN THE COUNTRY BUT CLOSE TO THE BEACH. 2 STORY FARM HOUSE. LARGE LIVINGROOM W/WOOD BURNING FIREPLACE. DEN OFF LIVINGROOM. EAT IN KITCHEN. FORMAL LIVING AND DINING ROOM. ALL NEW WINDOWS, ROOF, WELL AND ELECTRICAL. ABILITY TO PUT AN APT. OVER TOP OF GARAGE. ALL MAJOR WORK HAS BEEN COMPLETED.|
On behalf of the office staff here at EXIT Realty, we would like to send out a huge Thank You to our agent, Lloyd Hudson. Throughout this year, Lloyd has attended many of our office trainings, held countless open houses, and is always one of the first to volunteer for community events. Lloyd's drive to learn and implement more tools to grow his real estate business is commendable and sets a great example. Thank you Lloyd for all that you do! We appreciate the opportunity to work with you while you continue to strive and reach new goals in your career!
Understand which mortgage loan is best for you so your budget isn't stretched too thin.
It’s easier to settle happily into your new home if you’re confident you can afford it. Here’s what you need to know about your mortgage financing options, including how to choose the loan that matches your income and tolerance for risk.
Mortgage Financing Basics
The most important features of your mortgage loan are:
1. Term (how long the loan lasts)
Mortgages typically come in 15-, 20-, 30- or 40-year lengths. The longer the term, the lower your monthly payment. The interest rate on a 15-year mortgage might be 1% lower than the rate on a 30-year mortgage.
The trade-off for a lower payment on the 30-year mortgage is that you make more payments. Since you borrow the money for longer, you pay more interest to the lender.
2. Interest Rate (how much you pay to borrow money)
Mortgage interest rates generally come in two flavors: fixed and adjustable.
A fixed rate gives you the same interest rate and payment until the end of your mortgage. That’s attractive when you’re risk-averse, if your future income won’t rise, or when interest rates are low.
The interest rate you pay on an adjustable-rate mortgage (ARM) changes at some point in the future based on where interest rates are at that time. ARMs are named for how long the rates last. For example, with a 5/1 ARM, your rate changes after the first five years and again every year after that.
ARM Risks and Rewards
An adjustable-rate mortgage rate goes up or down based on a particular financial market index, such as treasury bills. Typically, ARMs include a limit on how much the interest rate can change, such as 3% each time the rate changes, or 5% over the life of the loan.
Rewards for the uncertainty:
Risks: If rates go up, your ARM payment will jump dramatically. So before you choose an ARM, be comfortable with your answers to these questions:
More Mortgage Options: Government-Backed Loans
If you’ve saved less than the ideal down payment of 20%, or your credit score isn’t high enough for you to qualify for a fixed-rate or ARM with a conventional lender, consider a government-backed loan from FHA or the Department of Veterans Affairs.
FHA offers adjustable- and fixed-rate loans at reduced interest rates and with as little as 3.5% down; VA offers no-money-down loans. FHA and VA also let you use cash gifts from family members.
Before you decide on any mortgage, remember that slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment. To determine how much your monthly payment will be with various terms and loan amounts, try realtor.com’s mortgage calculator.
Congrats to Susan White for her nomination for Rookie of the Year at the KCAR Instillation and Holiday Party! Susan was nominated for showing her ambition towards developing her real estate business, in addition to her participation within KCAR and EXIT Realty. Since starting her real estate career, Susan has received two designations, RESE and SRES. She has attended numerous EXIT office training's and continues to implement new ideas and tools to further her success and provide her clients with the best service possible. She is an active participant in her community often promoting home ownership and Realtors including; DSHA events, volunteering at local food banks, United Way, and the Kent County Library. Susan has closed several transactions and has also been successful in securing several property management accounts. Susan, we are proud to have you with our office and look forward to celebrating all your future successes!
Everyone wants to be hip, and the latest trends in design can help distinguish one home from another. And it’s not all flash; many new home fads are geared to pare maintenance and energy use and deliver information faster. Here’s a look at what’s coming.
This time of the year, we hear from just about every sector of the economy what’s expected to be popular in the coming year. Foodies with their fingers on the pulse of the restaurant industry and hot TV chefs will tell us to say goodbye to beet-and-goat cheese salad and hello roasted cauliflower, and there’s no end to the gadgets touted as the next big thing.
In real estate, however, trends typically come slowly, often well after they appear in commercial spaces and fashion. And though they may entice buyers and sellers, remind them that trends are just that—a change in direction that may captivate, go mainstream, then disappear (though some will gain momentum and remain as classics). Which way they’ll go is hard to predict, but here are 21 trends that experts expect to draw great appeal this year:
While it’s fun to be au courant with the latest trends, it’s also wise to put what’s newest in perspective for your clients. Remind them that the ultimate decision to update should hinge on their needs and budgets, not stargazers’ tempting predictions.
For this article as well as others:
|149 Princess Ann Avenue Viola, DE|
|Home has open floor plan that bathes in natural sunlight coming from the large living room window. Sliding glass doors lead to rear deck and wooded backyard. House offers a closet in every room! Additional room downstairs could be used as an office or a spare bedroom. Master features sitting area with french doors and double sink vanity in bathroom. New paint and appliances, as well as new plumbing throughout. House is being offered for sale under the Freddie Mac first look initiative through 07/09/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day.|
|222 North Ember Drive Felton, DE|
|This home has beautiful dark hardwood floors. The living room is lined with crown molding. To the left of the entryway are the bedrooms and bathrooms. Additional room with french doors could be used as formal dining room or office space. New paint, carpet and appliances, as well as new plumbing throughout. Sold AS-IS. House is being offered for sale under the Freddie Mac first look initiative through 12/25/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day.|
|222 North Ember Drive Felton, DE|
|House is being offered for sale under the Freddie Mac first look initiative through 12/25/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day. New paint and appliances, as well as new plumbing throughout. Shows well. Property is being sold as-is. New paint, carpet and appliances.|
Home staging in winter may require a bit more creativity than at other times of year.
After all, daylight is noticeably shorter, homes are more often shown after dark or on dark days, and even in warm climates it tends to be chilly.
1 – Think outside in
Planning your staging from the outside in is even more important in winter than the rest of the year, particularly in areas where there is snow and ice. You want to check out all the approaches to the home for both visual appeal and ease and safety of access.
It may make sense to add potted plants and flowers in winter to brighten things up. There are colorful and hardy plants available in winter – check with your local plant nursery for suggestions.
Consider adding an outdoor light or two to brighten things up, and to make walking around the outside of the home safer.
2 – Warm and comfortable is the feeling you want
While cooling breezes are a seller in the heat of summer, they can doom a sale in the colder seasons. You want buyers to have a sense they will be warm and comfortable in the home.
Keeping heating on can be more than worth the expense – this is particularly true for the absentee owner. People are unlikely to buy a home where they feel physically cold.
If the home has a fireplace, it can really help to have it burning when you’re showing the home and for open houses. Instant logs work well in this situation.
3 – Light is super important
Making sure the home is light and bright is important. Remember, you have shorter daylight hours and the angle of the winter sun may be such that the home feels dark. Open drapes and curtains throughout the house. Add lights where you need to so the home feels bright.
Adding an up-light here and there, or an extra lamp or two can make all the difference in how warm and welcoming the home feels.
4 – Decorate with sensitivity
Holiday decorations are fine and can even help sell a home provided they add warmth, elegance and don’t overwhelm. This is NOT the time for the owner to try and win the neighborhood ‘best holiday lights’ contest!
While it’s important for sellers who are still living in their home to honor their own traditions, they can do so with an eye toward sensitivity, recognizing that various faiths express the holidays differently. Loudly laughing Santa’s, huge manger scenes, and other large and/or noisy symbols are better scaled down or not used at all.
5 – Add warm colors
If the home is painted in a cool palette, you can do a great deal to update the look by adding warm colors. Throws/throw pillows, tablecloths and a runner in warm colors are an inexpensive way to give a home a cozy, festive look that makes buyers feel at home.
Flowers, provided they are fresh, always add charm and warmth to a home, particularly in winter.
6 – Remember snow removal
If you’re showing homes in areas where it snows, pay attention to snow removal. The sidewalk in front of the home needs to be free of snow and ice as does the walkway and any front step or stoop. If ice is forming, make sure the areas where people walk are salted.
Any back steps, yard, deck or porch also need to be either completely free from snow if possible, or have a path cleared so the prospective buyer can get a real sense of the yard and deck.
It may well be that you need to hire regular snow removal during the selling season. Making the property visible and safe can make the sale. Of course, if you’re not in snow country, consider how lucky you are!
|1011 Bennett Street Wilmington, DE|
|This property is eligible under the Freddie Mac First Look Initiative through 12/22/14. On 12/23, FMFL has expired and agent would be able to submit investor offers for review. Fixer Upper/Contractor special or investment property, home has potential but needs work. Sold AS IS. Good faith deposit must be minimum $1,000 certified funds no exceptions and presented with your offer|
Pending home sales declined in October, but have remained at a healthy pace for six straight months. They’re also above year-over-year levels for the second straight month, according to the NATIONAL ASSOCIATION OF REALTORS®.
The Pending Home Sales Index counts the number of signed real estate contracts for existing single-family homes, condos, and co-ops.
Reasons for the healthy pace of signed contracts, according to Lawrence Yun, NAR chief economist, include:
“Demand is holding steady but would be more robust if it weren’t for lagging wage growth and tight credit conditions that continue to hamper those individuals looking for relief from rising rents,” he said.
Median Home Price
The median existing-home price for all housing types in October was $208,300, which is 5.5% above October 2013. Monthly median price growth has averaged 5.8% in 2014 (through October) after averaging 11.5% last year.
“The increase in median prices for existing-homes has leveled off, representing a healthier pace that has kept affordability in check for buyers in many parts of the country while giving more previously stuck homeowners with little or no equity the ability to sell,” said Yun.
The typical seller has been in his home for 10 years before selling — an all-time high, according to a recent NAR survey.
2015 and 2016 Housing Forecast
Yun is forecasting that existing-home sales this year will fall slightly below 2013 (5.1 million) to 4.9 million, and then increase to 5.3 million next year and 5.4 million in 2016. He expects the national median existing-home price to rise 4% both next year and in 2016.
To read the full article:
Scents are known to bring back memories and help with creating new ones. Make sure your home smells amazing for this holiday season without breaking the bank on fancy candles and wax warmers. This easy project makes your home smell delicious and looks pretty and festive simmering on the stove as well!
One whole orange or just the orange peel
1/2 cup cranberries
1 Tbsp. whole cloves
3 sticks of cinnamon or a small handful of small pieces of cinnamon
A bit of grated nutmeg if desired
Quarter the orange. Put all the ingredients into a saucepan. Fill pan with water. Place on the stove on the smallest burner, on the lowest setting. Refill water as needed.
We here at EXIT Realty "The Tri-State Group" would like to congratulate Dianne Richardson and Hope Hicks on their recent closings!
Way to go! Keep up the outstanding work ladies!
|25 North Knight Lane Camden, DE|
|As you pull up to this house, you'll envision yourself enjoying a morning cup of coffee on the maintenance free composite front porch. This home is the spacious Churchill model, located in the desirable Premier Barclay Farms 55+ Adult Community. As you enter this beautifully, well maintained home, you will be drawn to curved archways, rounded walls and natural light of the living room, dining room, and kitchen. Enjoy relaxing music with the installed music system and speakers. The kitchen boasts a ceiling fan, ample counter space, upgraded maple cabinets, recessed lighting and an island with even more cabinet space. All appliances are included. The dining room has plenty of room for dinner with friends and family dinners, and the bay window offers the perfect ambiance. The roomy master bedroom features a large walk in closet and a ceiling fan, with a huge master bath includes a double sink, separate shower, garden tub, skylight and a tall linen closet. The laundry room also has cabinets and a separate sink, and the washer and dryer are also included. The laundry room leads to the garage, which features pull down attic stairs for even more storage! The garage service door leads to the concrete patio, which is perfect for a BBQ while enjoying the well manicured back yard. As a member of this great Community, you'll have the luxury of having access to the swimming pool, fitness room, computer lab, library, and all the amenities that are available. The clubhouse offers a great meeting place for planned activities or a social meeting with your friends for a game of cards or to shoot some pool. Enjoy fishing, or picnicking in the gazebo while watching the sunset at the nearby pond. This lovely home offers country living at its finest, yet located near theaters, restaurants, shopping centers, the beach and only 20 minutes from the casino. This is a home you will definitely want to view.|
Home owners may be doubtful that the months of November and December will bring about a home sale. After all, aren’t potential buyers sidetracked with the holidays and likelier to postpone their house hunt due to bad weather and shorter days?
But sometimes the “off-peak” time to sell can actually be the perfect moment for sellers. Several studies show that, on average, homes listed in November and December are more likely to sell, sell more quickly, and more closely approach the asking price, according to an article at Forbes.com.
A 2011 study conducted by realtor.com® found that 60 percent of real estate professionals advise their sellers to list a home during the holidays because they believe it’s an opportune time to sell. Nearly 80 percent of the real estate professionals surveyed said that more serious buyers emerge during the holidays, and 61 percent say less competition from other properties makes it an ideal time to sell.
Thanksgiving is particularly good, the article notes. Buyers may have held out through the busy summer months hoping to find a better deal, but now they may be searching with increased urgency. Some buyers may be motivated to close before the end of the year for tax purposes. They can purchase a home late in the year to deduct home purchase costs on their taxes, such as points, interest, and property taxes. Also, certain sellers who sold their homes during the summer season may be facing a capital gains tax. They may be highly motivated to buy in November to avoid paying capital gains tax (since closing on the purchase of another house is required within 180 days).
Source: “Why November Is the Best Month to Sell Your Home,” Forbes.com/Trulia (Nov. 14, 2014)
|703 Corsica Avenue Bear, DE|
|This property is eligible under the Freddie Mac First Look Initiative through 09/24/14. On 09/25, FMFL has expired and agent would be able to submit investor offers for review. Fixer Upper/Contractor special or investment property, home has potential. Good faith deposit must be minimum $1,000 certified funds.|
As is - great home for a great price! Large rooms throughout with hardwood.
Whether your planning on staying or selling, fall is the perfect time to complete home improvement projects! Check out this list for home improvement projects to work on NOW!
· Fall Lawn Care
To ensure your lawn's health and beauty come spring, there are several important yard work projects to complete in the fall. Raking leaves and aerating will prevent your lawn and garden beds from suffocating, while fertilizing and winterizing grass, trees, and shrubs will allow your greenery to enter its winter slumber comfortably and properly nourished. Professional lawn care services will make quick work of these projects, freeing up your time for family, friends, and football.
· Replace Windows
Do you feel a chill next to certain windows in your home during winter? Have you noticed condensation or even frost on these windows? Glass with multiple panes, spacers, or filler gasses (such as argon or krypton) will likely solve these problems. A professional can swap out your problem windows with more efficient models that will increase your level of comfort while decreasing your heating bills.
· Exterior Paint
Fall offers plenty of days that are warm enough to work with exterior paint, and a touch-up can help prolong the life of your siding and trim. A fresh coat of paint or sealer on any surface that potentially will be covered with snow, such as wood floors or stairs, also is a wise idea. Sooner is better to contact a local painter -- many paints aren't recommended for application on days when the temperature will dip colder than 45 to 50 degrees.
· Roof Repair
The cold of winter can aggravate a small roof leak. Any leaks in a home's roof should be fixed in advance of the first snowfall. Your best bet is to hire an experienced, professional crew that can accurately assess the leak and fix problems quickly and safely.
· Power Washing
Having your home's exterior and windows power washed won't just make your home look sharp, it also will prevent the growth of mold and mildew that feed on grime. If you're not comfortable deciding whether your home's exterior can handle the pressure that will be exerted from the various pressure-washing nozzles available, hire a professional to do the work.
· Seal Gaps & Add Insulation
Nothing makes a home more uncomfortable during the winter than a nagging, chilly draft. Consider a home energy audit that includes a review of your home's caulking and weather stripping. Energy auditors also will likely look inside your attic. If the insulation is at or below the level of the joists, you may be able to keep your home warmer by adding more. A depth of 10 to 14 inches is generally considered optimal, and you can supplement with a variety of different types of insulation to achieve that depth.
· Tune Up Furnace
In winter the furnace is literally the heart of most American homes. Without it, comfortable life indoors would come to a grinding halt. Occasional maintenance from a trained professional can keep your furnace running effectively and efficiently and prevent potentially catastrophic damage to your home from burst or frozen pipes.
· Clean Carpets
Fall is the perfect time to clean your carpets -- the humid days of summer have passed, but the below-freezing days of winter have yet to arrive. It's the best time to open windows for ventilation, which should speed the drying process. Let a professional wrangle the bulky cleaning equipment -- with a house full of wet carpet, you'll be best suited to get outdoors and enjoy the lingering warm days.
· Clean, Repair, and Protect Gutters
Your home's gutters divert thousands of gallons of water each year. To keep the water flowing smoothly away from your house instead of into it, inspect and clean your roof's drainage system. Better still, protect your gutters with mesh guards to keep leaves and other debris from causing blockages in the first place. Hire a pro to complete this project, or be prepared to spend a damp-and-dirty day climbing up and down the ladder.
· Install a Programmable Thermostat
Programmable thermostats save money without sacrificing comfort by using less energy on heating and cooling while you're away from home, asleep, or at any other specific times you select. More accurate and convenient to use than manual thermostats, programmable thermostats don't contain toxic mercury found in traditional models. Hiring a pro for this project is generally inexpensive, but this project is within the abilities of most DIYers.
· Repair Driveways and Walks
Small cracks and gaps in a driveway or walkway can quickly expand during winter's freezing temperatures. Cracked cement and disintegrating asphalt also can create treacherous conditions for pedestrians. Hire a pro to ensure these cracks are fixed properly and won't return or get worse.
· Winterize Faucets and Sprinklers
Most exterior plumbing in areas with temperatures below freezing must be winterized to prevent freezing and bursting. If you want professional help, contact a plumber, who can make quick work of winterizing exterior faucets, which are known as hose bibs. Winterizing more complex plumbing, such as sprinkler systems or water features, is best left to a professional.
· Fireplace Repair
Proper inspection of a fireplace is vital to ensuring its safe operation -- even if it is rarely used. An experienced chimney sweep will check wood fireplaces for flammable buildup (known as creosote) and chimney blockages like bird nests. A chimney or fireplace professional also should check for these red flags: improperly functioning dampers, damaged brickwork and masonry, and missing or damaged flue caps (the screen covering the top of the chimney).
Cozy and Clever Energy Savers
Tip: Use a slow cooker to infuse your home with a warm and cozy aroma. Even better, slow cookers are more energy efficient than electric ovens, typically using less energy than a light bulb.
The Old Farmer’s Almanac predicts that this winter will be another arctic blast with above-normal snowfall throughout much of the nation.
Here are three low-cost tips to help keep air leaks at bay:
#1: For most windows: Just fill the gaps.
Easier said than done if you’re dealing with old, flaky caulk, weather stripping, or adhesive that’s really tough to remove. But if you don’t clean it off well, your new caulk and stripping won’t adhere well and could peel away before you see any benefits.
However, a common household product, petroleum jelly, removes that adhesive goo quite well. Just rub the jelly over the sticky goo, let it sit for a few minutes, then wipe away. Another swipe with rubbing alcohol will remove the greasy film left from the jelly. (This technique, by the way, also works for removing price labels.)
#2. For older windows with rattling panes: Make baffles.
Cut quarter-round pine strips to fit. Use finishing nails and wood glue to secure them just inside the framed glass. Once you’ve caulked and painted the strips to match, they will disappear into the framework and look like part of the original window. It worked wonderfully on my 1920-era casement windows.
#3. If you want window treatments, too: Install waffle shades.
Folding fabric shades that are made with cells that trap air have great insulating properties—so good that some of them qualify for federal energy rebates, which have been extended into 2011. They start at around $50—still less expensive than new windows—and you get a new look, too.
You know you want to. You can feel that itch, that need for something more, something of your very own. Join EXIT Realty Corp. International’s CEO, Tami Bonnell, for a thirty-minute live webinar on Wednesday, November 5, 2014 as she teaches you how to recognize and develop the entrepreneurial spark within then prepare for the next steps to turn your dream into reality.
Visit http://www.exitrealty.com/entrepreneur/ to register!
5 Thrush Drive, Milford, DE 19963
4 Beds, 2.5 Baths
DAILY REAL ESTATE NEWS | TUESDAY, OCTOBER 21, 2014
The mortgage-financing environment for households could improve as a result of a rule federal regulators put in place Tuesday. The Federal Deposit Insurance Corporation is the first of six financial regulators to release the final version of the long-awaited qualified residential mortgage (QRM) rule, which stems from the big 2010 banking reform bill the federal government enacted after the financial crisis.
The QRM rule provides a set of requirements a loan must meet to be considered safe and eligible to be sold to investors as part of a mortgage-backed security without the lender having to retain 5 percent of the loan amount on its books. Because the QRM loan comes without the risk-retention requirement, lenders should be able to make more loans — and for cheaper — because they don't have to pass along that risk-retention cost to borrowers.
The National Association of REALTORS® has been vocal for several years about the QRM rule, saying it should be broad rather than prescriptive and that it should match up with the qualified mortgage (QM) rule, which took effect at the beginning of this year. The QRM rule does, in fact, do that. The QM rule provides ability-to-repay standards for safe and affordable loans, whether or not they're securitized for sale to investors.
"NAR applauds the Federal Deposit Insurance Corporation for finalizing the Qualified Residential Mortgage rule today, which includes a broad definition of QRM and aligns with the Qualified Mortgage standard implemented earlier this year," NAR President Steve Brown says.
Under the QRM rule, as under the QM rule, loans are generally considered qualified if the borrower's debt-to-income ratio is 43 percent, among other things. There is no onerous down payment requirement, as regulators had originally proposed.
"Importantly, the final rule relies on sound and responsible underwriting rather than on an onerous down payment requirement to qualify as a QRM loan," Brown says. "NAR strongly opposed earlier versions of the rule that included 20 and 30 percent down payment requirements, which would have denied millions of Americans access to the lowest-cost and safest mortgages."
The rule takes effect in 12 months. That will give lenders time to align their internal processing systems with the requirements. Since lenders have already been aligning their systems to the QM rule, the process can be expected to go smoothly.
For lenders, having the two rules in alignment provides the clarity they've long been asking for. One result of this new clarity could be a widening and deepening of loan availability, which has been one of the main stumbling blocks to increased home sales. At a press conference Tuesday, NAR Chief Economist Lawrence Yun said the alignment of the two rules could help make credit more available and boost sales.
"Certainly this is a victory for consumers," Yun says.
You’ll be ready for winter’s worst and head off expensive repairs when you complete this checklist of 10 essential fall maintenance tasks.
1. Stow the mower.
If you’re not familiar with fuel stabilizer, you should be. If your mower sits for months with gas in its tank, the gas will slowly deteriorate, which can damage internal engine parts. Fuel stabilizer ($10 for a 10-ounce bottle) prevents gas from degrading.
Add stabilizer to your gasoline can to keep spare gas in good condition over the winter, and top off your mower tank with stabilized gas before you put it away for the winter. Run the mower for five minutes to make sure the stabilizer reaches the carburetor.
Another lawn mower care method is to run your mower dry before stowing it.
2. Don’t be a drip.
Remove garden hoses from outdoor faucets. Leaving hoses attached can cause water to back up in the faucets and in the plumbing pipes just inside your exterior walls. If freezing temps hit, that water could freeze, expand, and crack the faucet or pipes. Make this an early fall priority so a sudden cold snap doesn’t sneak up and cause damage.
Turn off any shutoff valves on water supply lines that lead to exterior faucets. That way, you’ll guard against minor leaks that may let water enter the faucet.
While you’re at it, drain garden hoses and store them in a shed or garage.
3. Put your sprinkler system to sleep.
Time to drain your irrigation system. Even buried irrigation lines can freeze, leading to busted pipes and broken sprinkler heads.
If you don’t have drain valves, then hire an irrigation pro to blow out the systems pipes with compressed air. A pro is worth the $75 to $150 charge to make sure the job is done right, and to ensure you don’t have busted pipes and sprinkler head repairs to make in the spring.
4. Seal the deal.
Grab a couple of tubes of color-matched exterior caulk ($5 for a 12-ounce tube) and make a journey around your home’s exterior, sealing up cracks between trim and siding, around window and door frames, and where pipes and wires enter your house. Preventing moisture from getting inside your walls is one of the least expensive — and most important — of your fall maintenance jobs. You’ll also seal air leaks that waste energy.
Pick a nice day when temps are above 50 degrees so caulk flows easily.
5. De-gunk your gutters.
Clogged rain gutters can cause ice dams, which can lead to expensive repairs. After the leaves have fallen, clean your gutters to remove leaves, twigs, and gunk. Make sure gutters aren’t sagging and trapping water; tighten gutter hangers and downspout brackets. Replace any worn or damaged gutters and downspouts.
If you find colored grit from asphalt roof shingles in your gutters, beware. That sand-like grit helps protect shingles from the damaging ultraviolet rays of the sun. Look closely for other signs of roof damage (#5, below); it may be time for a roofing replacement.
Your downspouts should extend at least 5 feet away from your house to prevent foundation problems. If they don’t, add downspout extensions; $10 to $20 each.
6. Eyeball your roof.
If you have a steep roof or a multistory house, stay safe and use binoculars to inspect your roof from the ground.
Look for warning signs: Shingles that are buckled, cracked, or missing; rust spots on flashing. Any loose, damaged, or missing shingles should be replaced immediately.
Black algae stains are just cosmetic, but masses of moss and lichen could signal roofing that’s decayed underneath. Call in a pro roofer for a $50 to $100 eval.
A plumbing vent stack usually is flashed with a rubber collar — called a boot — that may crack or loosen over time. They’ll wear out before your roof does, so make sure they’re in good shape. A pro roofer will charge $75 to $150 to replace a boot, depending on how steep your roof is.
7. Direct your drainage.
Take a close look at the soil around your foundation and make sure it slopes away from your house at least 6 vertical inches over 10 feet. That way, you’ll keep water from soaking the soils around your foundation, which could lead to cracks and leaks.
Be sure soil doesn’t touch your siding.
8. Get your furnace in tune.
Schedule an appointment with a heating and cooling pro to get your heating system checked and tuned up for the coming heating season. You’ll pay $50 to $100 for a checkup.
An annual maintenance contract ensures you’re at the top of the list for checks and shaves 20% off the cost of a single visit.
Change your furnace filters, too. This is a job you should do every two months anyway, but if you haven’t, now’s the time. If your HVAC includes a built-in humidifier, make sure the contractor replaces that filter.
9. Prune plants.
Late fall is the best time to prune plants and trees — when the summer growth cycle is over. Your goal is to keep limbs and branches at least 3 feet from your house so moisture won’t drip onto roofing and siding, and to prevent damage to your house exterior during high winds.
For advice on pruning specific plants in your region, check with your state extension service.
10. Give your fireplace a once-over.
To make sure your fireplace is safe, grab a flashlight and look up inside your fireplace flue to make sure the damper opens and closes properly. Open the damper and look up into the flue to make sure it’s free of birds’ nests, branches and leaves, or other obstructions. You should see daylight at the top of the chimney.
Check the firebox for cracked or missing bricks and mortar. If you spot any damage, order a professional fireplace and chimney inspection. An inspection costs $79 to $500.
You fireplace flue should be cleaned of creosote buildup every other year. A professional chimney sweep will charge $150 to $250 for the service.
Visit houselogic.com for more articles like this.
Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®
New Castle County has flourished in 2014 when it comes to Delaware real estate.
Median sales price & average sales price have both increased since previous years!
Along with the increase in homes for sale & the monthly supply.
Kent County is also experiencing an increase in the same two areas of median sales price of & the average sales price of homes.
It has also seen a significant increase in the amount of closed deals for the area!
Now is the time to buy & sell!
You might want to take a closer look at your listing's curb appeal: Upgrading a home's landscape from average to excellent can raise its overall value by 10 percent to 12 percent, according to research from Virginia Tech.
Researcher Alex X. Niemiera with the Department of Horticulture at Virginia Tech found that a $150,000 home with no landscaping could fetch an additional $8,300 to $19,000 by adding a landscape with color and large plants.
The value of landscaping differed greatly from state to state. For example, the change in value from a home with no landscape to well-landscaped ranged from 5.5 percent in Louisiana to 11.4 percent in South Carolina. Michigan homes saw the biggest difference in landscaping appeal, with a home's value being increased by 12.7 percent.
"The most preferred landscape included a sophisticated design with large deciduous, evergreen, and annual color plants and colored hardscape," according to Niemiera. Adding different plant sizes to a front yard, for example, can boost curb appeal, as well as mixing fruit trees and flowers for added color.
The following landscape elements were found to be most important to survey respondents:
"Survey results showed that relatively large landscape expenditures significantly increase perceived home value and will result in a higher selling price than homes with a minimal landscape," Niemiera writes in the paper. "Design sophistication and plant size were the landscape factors that most affected value. The resulting increase in 'curb appeal' of the property may also help differentiate a home in a subdivision where house styles are similar and thereby attract potential buyers into a home. This advantage is especially important in a competitive housing market."
Source: “Does Landscaping Increase Your Homes Value?” Realty Times (Oct. 13, 2014)
Everyone at Exit Realty "The Tri-State Group" in Dover would like to congratulate Lin Kahmer on her recent closing!
We look forward to many more in the future and wish you the best!
Home owners are building net worth at a pace that is up to quadruple that of a renter.
In the past 15 years, the net worth of the typical home owner has ranged between 31 and 46 times that of the net worth of the typical renter, according to the Federal Reserve's Survey of Consumer Finances, which is based on 2013 data.
On average, home owners had nearly $200,000 in net worth compared to the average $5,000 net worth of renters, according to the survey.
"Home owner equity is a substantial component of home owner wealth," Danielle Hale, research economist at the National Association of REALTORS®, writes on the association's Economists' Outlook blog.
Daily Real Estate News. RealtorMag.(September 9, 2014) http://realtormag.realtor.org/daily-news/2014/09/09/why-it-pays-be-home-owner?om_rid=AAAmAy&om_mid=_BUD0OqB88T-CRL&om_ntype=RMODaily
FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans.
The changes include reducing the toll that overdue medical bills can take on credit scores, as well as removing other past penalties from consumers who have paid off debts that had been assigned to collection agencies. A consumer whose only major delinquency comes from an unpaid medical bill could see their credit score rise by 25 points due to the changes.
The changes come after a recent Consumer Financial Protection Bureau study, which found that both paid and unpaid medical debts were unfairly penalizing consumers’ credit ratings. An estimated 64 million Americans have a medical collection item on their credit reports, according to Nick Clements of Magnify Money, a personal finance site.
The FICO changes will go into effect this fall, but borrowers may have to wait a year or more until they see the impact of the changes in their scores, lenders say.
The changes may help consumers with blemished past credit histories or high medical debts qualify for mortgages more easily. Consumers with higher scores also might qualify for a lower rate, housing experts say.
"In recent years the [credit score requirement] has been dialed so tightly that only fairly upper-tier consumers were able to qualify for a loan," says Lawrence Yun, National Association of REALTORS®’ chief economist. "We're looking at people who are currently being denied potentially being offered a mortgage because of this."
In June, the average FICO score for a closed mortgage was 728, a drop from 742 a year prior, according to data from Ellie Mae, a company that processes mortgage applications for lenders. FICO scores range from 300 to 850.
Borrowers with higher FICO scores can usually expect to pay less in interest on a loan. A borrower with a FICO score of 675 may nab a 4.75 percent interest rate on a 30-year fixed-rate mortgage, which would be about $2,086 a month in payments on a $400,000 loan, according to Informa Research Services. In comparison, a borrower with a 700 FICO score may qualify for a rate of 4.212 percent, which could drop the monthly payment to $1,959 and bring a $127 savings.
The credit scoring changes will not remove any unpaid debts from a credit report, so some lenders may still be able to factor that information into their lending decision.
“This move will ultimately make a real difference in the lives of millions of Americans, who have been shut out of the housing market or forced to pay higher mortgage interest rates because of flawed credit scores,” Steve Brown, NAR’s president, said in a statement. “Since the housing crash, overly restrictive lending has been the greatest obstacle to home ownership. NAR will continue to support efforts to broaden access to credit for qualified homebuyers.”
In other news, two of the big national credit bureaus Experian and TransUnion recently reported they’ve added verified rental payment data into credit files, which will be used to compute a consumers’ score when applying for a mortgage. A recent TransUnion study showed that the inclusion of rental data could raise some consumers’ scores. For example, nearly 20 percent of renters’ scores rose by 10 points or more after just one month.
-Reckard, Scott, and Tim Logan. "New FICO Criteria Could Help Borrowers." Los Angelos Times. Los Angelos Times, 12 Aug. 2014. Web. 13 Aug. 2014.
A minor kitchen remodel of about $19,000 returns more than 82% of your investment.
Check out this article about 7 tips when doing a kitchen remodel. And keep this in mind when looking at properties that need a little TLC!
Also check out this home with an excellent location and TONS of potential!
Located across the street from Bull Hill park which has a beautiful view of the water.
Home needs some TLC, providing the opportunity to sculpt this home to fit its new owners!
Please contact Norma White for more information.
Delaware ranked 2nd out of the top 10 states prepared for the new economy and a good economy means a rise in the housing market, which has been evident in the movement of our inventory. This is great news!
To read the full article:
Open House! This Sunday! 6/8/14 from 12 - 3 p.m. with Exit Realty agent Nancy Hagman!
|10667 West Snake Road Delmar, DE|
|One-of-a-kind modern log house located on 12.57 acres with subdivision possibilities. Wooded, peaceful setting for year-round living or vacation home. The kitchen is equipped with stainless appliances flooring. Large covered deck over looking property and pond. Motivated sellers! A must see!!!|
OPEN HOUSE! This Sunday! 6/8/14 from 1 - 3 p.m.
With Exit Realty agent Elena Kirk!
|2158 Grafton Drive Wilmington, DE|
|Put this on the list-You won't believe the space in this home unless you tour it! First, enter into the Family & Entertainment room equipped with a full wet bar, then choose to tour the half bath & Laundry-equipped Basement, or head up to the welcoming Country eat-in Kitchen. From there you can go onto the deck through the 9 foot window-wall, or go up to the extra spacious Living Room. Traveling up to the Master bedroom level with hall brightening skylights, you will find a Spa-equipped main bath and Master bedroom. The uppermost level has 2 more bedrooms. New carpet and fresh paint adorn all the bedrooms. There are tilt-in double-paned Vinyl windows and a storm door with steel entry and pick proof dead bolts. The shed outside can be used for extra storage. This home has Natural gas hot air with 4" micro filtration and auto humidifier. All major appliances are also included. Hurry and schedule your showing today because this home will not last long! Call Elena Kirk, Cell Phone - 302-547-7417.|
OPEN HOUSE! This Sunday! 6/8/14 from 1 - 3 p.m.
With Exit Realty agent Lloyd Hudson!
|315 Cold Spring Place Dover, DE|
|House is being offered for sale under the Freddie Mac first look initiative through 06/17/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day.|
Join Lloyd Hudson for an OPEN HOUSE this Saturday May 31 from 1-3pm!
274 Sedgewick Dr, Magnolia, DE 19962
House is being offered for sale under the Freddie Mac first look initiative through 06/12/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day. Agent: must include foreclosure documents and the EMD must be a cashier check. Beautiful 4 bedroom, 2.5 bath 2 story home. This home sits nicely on a corner lot in the Riverside subdivision. The home features spacious formal living and dining rooms. The kitchen is absolutely inviting with hardwood flooring, granite countertops, double wall oven, and upgraded cabinetry. The large family room has a gas fireplace with marble surround. The master bedroom suite is a must see with a large walk-in closet and large master bath.
This home as recently undergone a price reduction!
Don't miss out on your chance to get it while it lasts!
|162 Killoran Drive New Castle, DE|
|Tons of potential! Home is close to schools and commuter roadways. Business park and recreational activities are a couple minutes down the road! Great starter home or investment property. House is being offered for sale under the Freddie Mac first look initiative through 03/09/2013. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20TH day. Agent: Escrow Deposit must be in the form of Cashier's check. Please fill out FM Offer Worksheet when submitting your offer|
|12409 County Seat Highway Laurel, DE|
|This three bed, two & a half baths is a must see! Eligible for Freddie Mac First Look Initiative - allows first time homebuyers and owner occupant opportunity to purchase without competition from investors until 3/29/2014 Property sold AS IS|
RECENTLY REDUCED! Get more information about this promising investment property TODAY! At this price, this place won't last long!
621 Moores Ln, New Castle, DE 19720
MLS #: 6326726
Tons of potential! Home is close to schools and commuter roadways. Business park and recreational activities are a couple minutes down the road! Great starter home or investment property. House is being offered for sale under the Freddie Mac first look initiative through 01/30/2013. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 15 day.
26 Monticello Dr, Bear, DE 19701
3 Bed, 2.5 Bath
Located in the highly-regarded Appoquinimink School District! This beautiful 3-bedroom, 2.5-bath home sits in the desirable community of Mansion Farms, just minutes away from Newark and close to Lums Pond State Park. Recent updates include NEW carpet and flooring throughout, fresh paint, NEW kitchen range and dishwasher and full HVAC system. The professionally landscaped yard offers plenty of room for family gatherings and backyard barbecues. Enjoy the close proximity to scenic walking trails, lush parks and neighborhood playgrounds; and best of all, NO Transfer Tax!!! Up to $500 credit towards your choice of home warranty and use the Sellers attorney and save even more. Make your appointment today!
Please contact Yoki Johnson for more information.
Congratulations to our agents Lin Kahmer and Lloyd Hudson on their recent Real Estate Staging Expert Designation!
Call today! There Is No Obligation and the certified staging consultation and Broker’s Price Opinion (a combined $600 value) are yours to keep FREE of charge and with no obligation.
Call Lin at 302-222-3616 or Lloyd at 302-354-1050 to schedule a convenient appointment.
Join Jeron Phillips THIS Sunday, May 11th for an Open House at 30 Archer Circle, Newark DE!
MLS #: 6381616
4 Bedrooms, 1 Bath
Newly renovated home! With recently updated molding, storm & screen doors, carpeting, smoke detectors & ceiling fans, outlets & freshly painted rooms this home is ready to sell! House is being offered for sale under the Freddie Mac first look initiative through 05/18/2014. Owner occupants, non profits, nsp grantees and community development organizations are eligible at this time. Investors and second home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20th day.
Exit Realty "The Tri-State Group"’s Lloyd Hudson was recently awarded his Military Residential Specialist Certification.
The objective of a Certified Military Residential Specialist is to be equipped to handle the home purchase needs of active duty and former military clients. One reason why a real estate professional would consider training to provide veterans with a more professional and positive real estate experience, is that it is a small way to honor the men and women of the United States military and their families, for their service to our nation, and to fulfill the obligation we have to each and every one of these heroes for the freedoms we enjoy. Another reason is that the men and women of the military are often a “targeted population” with some businesses cheating, scamming, and overbilling. Many are young, financially inexperienced, and transient, unaware of dishonest businesses. This is an opportunity to become a “watchdog” for the warrior by pursuing excellence in serving the home purchase needs of military clients.
"Lloyd has worked hard and this award is well-deserved recognition of that effort," said Michele Bilow, Broker of Record of Exit Realty "The Tri-State Group".
Lloyd is a member of the National Association of Realtors, Delaware Association of Realtors, and the New Castle County Board of Realtors. Lloyd has 5 adult children and 4 Grandchildren. He recognizes the importance of home ownership and the positive effect it can have on families. It is his mission to serve those both buying and selling property to achieve optimal results.
EXIT Realty is a proven real estate business model that supplies single-level residual income - for agents, security, stability and direction; for agents’ families, security in the form of beneficiary and retirement residuals. EXIT’s MIND-SET Training Systems offer the industry’s best hands-on, interactive sales training. State-of-the-art technology, including the Digital Marketing Strategy, gives EXIT Realty agents the edge in a competitive marketplace. EXIT is a by-invitation-only company focusing on the business of real estate. A portion of every transaction fee collected by EXIT International is applied to its charitable fund. To-date, over $2 Million has been pledged to Habitat for Humanity.
Exit Realty "The Tri-State Group" is located at 1306 S Dupont Hwy, Dover DE 19901. For more information, please call 302-674-2900 or visit our website www.delawarelisted.com.
|Single-Family||Mar '13||Mar '14|
|Stl Price/Orig Price||91.6%||93.9%|
|Single-Family YTD||Mar '13||Mar '14|
|Stl Price/Orig Price||92.55%||93.58%
Welcoming our new agent Jeron Phillips!
Here's a little more about Jeron. . .
I am a Delaware native being raised in the Georgetown area of Sussex County. Growing up, I was always involved with extra-curricular activities through school and church activites. I graduated from Sussex Central High School where I was a Honor Roll student along with being a player on the basketball team and a member of the Key Club and Future Business Professionals Club. I've been a Kent County, Delaware resident since 2002 where I attended Delaware State University with a Major in Sociology-Criminal Justice and a Minor in Business Management. My current hobbies include spending time with my wife and children, sports, traveling, and volunteering with various youth programs and organizations which includes coaching football in the Middletown Youth Football and Cheerleading League for kids ages 5-14. I am also the current Head Boys Basketball Coach at Providence Creek Creek Academy Charter School in Clayton, Delaware in which I've coached since 2008.
I have been a licensed Realtor since 2008. I specialize in representing my clients in the purchase and sale of single-family residences, income, and rental properties within Kent and New Castle Counties. I truly love this area and pride myself on my knowledge of current transactions, school districts, neighborhood information, and related services, including mortgage, insurance and inspection information.
I am a customer driven Realtor dedicated to achieving results and providing exceptional service. If you are in the market to buy or sell a home, I will put my years of real estate expertise to work for you!
Don't miss out on your chance to own this beautiful home!
23 Grady Lane, New Castle, De 19720 is new to the market & ready to sell!
Lin Kahmer is the enthusiastic agent for this listing.
Great opportunity to purchase in the desirable neighborhood of Rutledge II! This property is located on a fantastic corner lot on a cul-de-sac with the rear yard fenced in that features a shed, beautiful landscaping, and large deck. The grand tour begins with a newly installed entrance with a Lifetime Warranty and keyless entry, opening into a hardwood foyer. The floor plan of the main floor flows nicely from a spacious living room, into a formal dining room, and finally into a kitchen with breakfast nook. Tile floors, recessed lighting, tons of cabinet and counter space, and sliding doors to the rear deck are just a few benefits to this home. A 4' wide stairwell (perfect for moving furniture!) makes for a grand entry onto the second floor. Four bedrooms are located upstairs with 2 full baths and tons of storage. The master bedroom does include an en suite full bath with separate dressing and vanity area, as well as a walk in closet. Additional benefits consist of upgraded lighting fixtures, fresh paint, carpet that looks newer, condition is move-in ready, full basement. Conveniently located with easy access to major routes making traveling to Wilmington & Philadelphia an easy commute. With a full offer price seller will pay $5,000 toward buyer closing cost, include front loading washer & dryer and include a home warranty.
Open House! This Saturday, April 12th 2014 from 12-3 p.m.
This two bed, two bath home is ideal for those that love the antique feel.
Quaint & homey with it's dining nook & screened in back porch.
Manageable yard space but with enough to entertain & enjoy the space!
Don't miss out on a chance to view this beautiful home!
215 W Laurel St, Georgetown, DE 19947
The Senate Finance Committee has passed a two-year retroactive extension of tax relief for households who’ve had mortgage debt forgiven by a lender as part of a short sale or loan modification.
The issue has been one of NAR’s top legislative priorities since 2007, when the association worked with lawmakers to enact the relief into law and also later to encourage them to extend the relief in 2008 and 2012.
The relief expired at the end of last year, and unless the full Senate and House approve the extension, households will face the prospect that when they file their returns next year, they’ll pay tax on so-called phantom income, which is the amount of debt forgiven. Absent the provision, the tax law provides that such forgiven debt is income.
Don't miss your chance to tour this beautiful four bedroom home April 20th from 1-4 p.m. with agent Nancy Hagman!
Don't miss your chance to tour this beautiful four bedroom home April 13th from 1-4 p.m. with agent Nancy Hagman!
More sellers have put their homes on the market this year, then this time last year.
The median list price has also increased 7.6% from what it was in Febuary of last year.
The housing market seems to be relinquishing itself from the pasts drop.
Read more here!
This Saturday, March 22nd from 1-3 p.m.
409 Sundial Lane, Middletown DE 19709
Join Lloyd Hudson for a chance to tour this beautiful home!
Home is being offered under Freddie Mac First Look Initiative; owner occupants, non-profits, nsp grantees and community development organizations are eligible at this time. Investors, 2nd home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20 day period. Superb, spacious home includes large kitchen w/new corrian countertops and flooring, upgraded lighting fixtures, large first floor master suite w/private bath, screened porch, finished second floor with un-finished bonus room, one car garage, and freshly painted! This exquisite community includes elaborate club house, pool and so much more!! Just minutes to downtown Middletown, major highways and shopping. **No Transfer Tax** will seal the deal....Don't miss this gem!!
Come Join Lloyd Hudson this Sunday from 1-3 p.m. for an Open House on an amazing must-see home!
31 White Clay Cresecent, Newark Delaware 19711
This three bedroom home is a great buy! Come check it out!
Home is being offered under Freddie Mac First Look Initiative; owner occupants, non-profits, nsp grantees and community development organizations are eligible at this time. Investors, 2nd home purchasers may submit offers at any time, however, the offers will not be considered for negotiation until after the 20 day period. Come see this lovely home located in Meeting House Hills. You will enjoy the gleaming hardwood floors in the living room and bedrooms. Fresh paint throughout the house, new carpet and A/C unit. A large renovated eat-in kitchen w/ newer appliances, center island and renovated bathrooms. The exposed beams in the familyroom lead to the nice enclosed sunroom/porch, fully fenced lawn with seasoned landscaping and shed. There is also a partial finished basement with built in storage shelves. It's a great home and in nice condition. **No transfer tax***
Realtor® Susan White recently helped a couple who were scammed on a rental they found through Zillow before working with a licensed agent. Her business card even made it on Fox News!
For the full story:
All of us at Exit Realty in Dover would like to congratulate Susan White on her recent closing at Sophers Row!
We look forward to many more in the future and wish you the best!
-Exit Realty "The Tri-State Group" Team
If you're ready to put your home on the market, call us at 302.674.2900
As you're agent, we will:
Complete a comparative market analysis that will compare your home's value to that of your neighbors.
Compile a comprehensive plan detailing all the efforts we will employ to sell your home, including Internet and local media.
Present your home to as many qualified buyers as possible getting your home maximum exposure.
Help you stage your home and generate curb appeal to ensure you get the highest price.
Assist with obtaining offers and help you in negotiating the best deal as smoothly as possible.
Help you find your next home and answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.
EXIT Realty Corp. International proudly congratulates Steve Morris, Tami Bonnell and Jeff Lobb for their inclusion among Stefan Swanepoel’s list of the 200 Most Powerful People in Residential Real Estate.
The following press release and blog post are being issued today:
EXIT Realty’s Chairman and CEO Both Named Among the 200 Most Powerful People in Residential Real Estate
Leading researcher on real estate trends, Stefan Swanepoel announced the Swanepoel Power 200: The Most Powerful People in Residential Real Estate in 2013(http://www.swanepoel.com/power200/) naming EXIT Realty Corp. International’s Chairman and Founder, Steve Morris, and CEO, Tami Bonnell among them.
In describing how the list was determined, Swanepoel said, “We decided to create benchmarks and algorithms that take into account the individual’s personal influence, his/her tenure in the industry, the office he or she holds, the decision-making power of said office, the financial resources of his or her company or organization, that company or organization’s significance and contribution to the industry, the company’s geographic reach, and his or her recent activities, growth and potential.”
Morris, who founded EXIT Realty in 1996, was recognized as being “the mastermind behind the EXIT residual revenue sharing model,” and Bonnell as “a 30+ year veteran of the real estate industry.”
“It is an honor to be named among these great leaders,” said Bonnell. “I am very fortunate to work with a company that helps to bring out the best in people.”
Morris and Bonnell were also ranked among the Top 20 Most Powerful Real Estate Franchise Executives, Bonnell was included among the Top 20 Most Powerful Women in Residential Real Estate, and VP Technology and Innovation, Jeff Lobb was named among the Top 20 Most Influential People in Residential Real Estate Social Media.
About EXIT Realty: EXIT is a proven real estate business model that has to-date, paid out more than a quarter billion dollars in single-level residual income - for agents, this means security, stability and direction; for agents' families, security in the form of beneficiary and retirement residuals. State-of-the-art technology including TORC, EXIT’s Total Office Resource Center, provides an integrated, end-to-end solution for today’s busy real estate professional. A portion of every transaction fee collected by EXIT International is applied to its charitable fund. To-date, more than $2 Million has been pledged to Habitat for Humanity. For more information, please visit www.exitrealty.com.
A much colder winter this year predicted by The Old Farmer’s Almanac threatens to cause even more frozen pipe damage to homes than last year unless home owners fight back the cold with simple steps to protect homes.
According to claims data compiled by Nationwide and Allied Insurance, the average frozen pipe insurance claim tops more than $10,000. In just three years — 2009-2011 — Nationwide and Allied received more than 30,000 home owners’ frozen pipes claims from across the country, totaling more than $2.1 million.
The top states for frozen pipes claims were Pennsylvania, Ohio, Connecticut, New York, and Maryland.
“Ruptured pipes in winter are one of the most common claims and the onslaught of a predicted colder winter will no doubt make it a tough season for home owners unless they take preventative action to protect their homes,” said Pete Lore, Nationwide associate vice president of claims. “We urge home owners to take action and avoid frustration caused by frozen pipe water damage, especially those traveling away from home for significant periods of time.”
Frozen water can cause pressure buildup leading to pipes bursting. Pipes in attics, crawl spaces, and outside walls are particularly vulnerable to freezing, where holes in the home’s outside wall for television, cable, or telephone lines allow cold air to reach them.
Try these tips to keep water in your home’s pipes from freezing:
Keep cabinet doors open during cold spells to allow warm air to circulate around pipes (particularly in the kitchen and bathroom).
Keep a slow trickle of water flowing through faucets connected to pipes that run through an unheated or unprotected space. Another option is to drain the water system, especially if your house will be unattended during cold periods.
Fit exposed pipes with insulation sleeves or wrapping to slow the heat transfer, often times the more insulation the better.
Seal cracks and holes in outside walls and foundations near water pipes with caulking.
Source: Allied Insurance and Nationwide Mutual Insurance