Dean DeMagistris' Blog
Once your house is on the market, it’s easy to get caught up in what happens next. Be careful though, if you’ve already found your next home and made it perfect in your mind, the disappointment if your plans fall through can be awful. No one wants their purchase or sale to fall through, but it does happen. That disappointment can open you up to taking the wrong offer for your home. Before you make that mistake, think about why your current deal fell through and try to mitigate those possibilities before taking your next offer. With any luck, you’re reading this before your first offer, and you can benefit from never experiencing that offer falling through.
Low Appraisals or Nearby Home Sales
Your buyer will likely get their own appraisal done on the property since their lender will only cover up to the appraised value of the property. If that appraisal comes in lower than the purchase price or the buyer’s offer, the deal is likely to fall through. Most buyers are unable or unwilling to cover the difference in cash, so unless you're willing to accept a lower price that matches the appraisal, everyone is out of luck. You're not necessarily stuck with this appraisal if it’s much lower than your own or what you expected the Fair Market Value to be. Appraisers are human too, and sometimes they just miss things. However, if both appraisals come back lower, you may want to adjust your pricing down to something the market will bear.
If your home is rare or exceptional in some way, there may truly be no other similar homes for comparison nearby. This often happens with larger estates, totally-remodeled homes, and historical landmarks. Go ahead and ask for a wider geographical area to be included, specifying homes with similar features and upgrades. This can give a more accurate and favorable FMV appraisal.
Errors or Glitches in the Documentation
Legal documents are a complicated mess, and every single part must be perfect. Incorrect spellings and addresses, missing or illegible signatures or dates; a plethora of mistakes and typos can pump the brakes on the closing. Triple check every single page the first time you receive it. If anything at all is wrong, send it back for a corrected version or rider immediately. Rinse and repeat until you have error-free documents.
A variety of situations can cause your title documentation to be incorrect. If you recently changed your name, went through a divorce, got the home through inheritance, or purchased through a lease-option—or other less conventional methods—your title could be incorrect and not have your current ownership status. Check all your homeownership paperwork including the title, any past loans or liens and all other paperwork you have that might block your path to a clear title. Then get it resolved as soon as possible. That way there are no surprises late in the game.
Before you agree to an offer, ensure that the buyer is pre-approved and pre-qualified for the right amount to cover the cost of your home. Finding out at the last possible moment that your buyer has less money than promised can put a wrench in the works. This might tempt you to drop your price to match their funds, especially if you've already placed an offer on a new home yourself. Check early and often to avoid being caught in a tight situation. You can also get held up by last-minute lender paperwork. Government lenders especially require a variety of proofs and reassurance so even one missing document can derail the whole process. All of this can be avoided by making sure that your buyer has their down payment available, and is totally pre-approved for a loan before you accept their offer and lock it in.
Okay, so there is no way at all to plan for these. If you need to sell your home on a schedule, don't accept a contingency offer. Here's how they work: You agree to an offer from a buyer contingent on the sale of their property. That means you are stuck together for the duration of the process. If their home doesn’t sell, neither does yours. However, if you’re on a variable schedule and really like the offer, it could be best for you to lock in the buyer and then just wait until the process completes. Just be aware of the pitfalls and plan for them as much as possible.Make sure to ask your agent about these and any other reasons a deal might fall through. They can help you plan for these situations and prevent them where possible.
If, on the other hand, you adopt more of an isolated lifestyle, then the experience of home ownership may be a lot less fulfilling.
Taking the time to have a friendly chat with your neighbors, once in a while, can be helpful both now and in the long-term. While not everyone has a gregarious, outgoing personality, making the occasional effort to say hello can open the door to a number of benefits.
Home Security: The best neighborhoods are those in which everyone looks out for one another. When you know your neighbors on a first-name basis, they'll be a lot more likely to keep an eye on your house and let you (or the police) know when they observe any suspicious activity. It's also nice to feel comfortable enough to be able to ask your neighbors to watch your property while you're away -- either for the weekend or when you're on vacation. Even in low-crime areas, burglaries and vandalism has been known to happen, so it's in everyone's best interest to know their neighbors and be ready to help. Although Neighborhood Watch groups are not active everywhere, there's no reason why people still can't be alert and responsive to loitering, trespassing, or other questionable activity.
Networking Benefits: You may not need a plumber, electrician, or a reasonably priced HVAC technician, right now, but sooner or later, you will -- guaranteed! There may also come a time when you need emergency child care or fast help jump-starting your vehicle. You're probably not going to approach your neighbors for help if you don't know them, but there's a good chance you will if you do have a rapport. By sharing information, resources, and recommendations with neighbors, you'll be paving the way for a mutually beneficial relationship. While you may or may not become best friends, it's nice to know that there's someone nearby you can count on for support and help.
Feeling of community: Although some neighborhoods have a more friendly, close-knit feeling than others, it's often easy to break the ice with neighbors when you're outside -- either doing yard work, walking your dog, or going for a stroll. By taking the initiative to welcome new people into the neighborhood, you'll not only have a positive impact on their lives, but you might even forge a new, long-term friendship. You can also make social connections by chatting with people at yard sales, block parties, or by joining and being active in neighborhood Facebook or Nextdoor groups. While it may feel easier to just keep to yourself and avoid venturing outside of your comfort zone, becoming part of a larger community in your neighborhood (and beyond) is often much more rewarding!
There’s a lot more to interior design than simply picking out the latest trends in home decor. Design principles are also used to make the atmosphere of your home spacious and welcoming, and to make your home livable in a practical way.
In spite of the fact that most people will own a home someday, no one is ever really taught interior design. So, it comes as little surprise that so many people are missing out on simple techniques that can drastically improve their home.
In today’s article, we’re going to share with you some of the best interior design and decorating secrets to help you spruce up your home and make it more practical at the same time.
Low ceiling? No problem
Having a low ceiling can make it difficult to decorate and make your home seem spacious. One great workaround is to avoid tall furniture and seek out chairs with low backs, and bookcases that are wide rather than tall.
Omit hanging lights and ceiling fans and used recessed lighting instead to maximize your space and avoid having taller guests having to dodge objects hanging from the ceiling.
Finally, paint the ceiling white and remove crown molding to give the impression of openness.
Making small rooms feel larger
If you have a small home it can feel difficult to keep things uncluttered while still making sure you have everything you need. There are a few ways to make rooms feel more spacious that don’t involve throwing out your belongings.
First, add mirrors to give the illusion (literally) of space. A single or group of mirrors can be a nice decorative touch that makes a room seem much larger than it is.
Next, paint and decorate with mainly light colors or white. Dark colors will make a room feel smaller.
Lastly, take advantage of hidden storage space, such as tables with drawers underneath, and avoid putting decorations on too many surfaces. Filling the room up with objects will make it appear smaller.
The size of decorations matter
There’s a rule in interior decorating called the “cantaloupe rule.” It states that you should avoid using decorations that are smaller than a cantaloupe.
However, that doesn’t mean this rule can’t be artfully broken. A better description would be that you should omit several small decorations in favor of just a few large ones.
Create a color palette
When choosing the color of your furniture, walls, and decoration it can be easy to just choose whichever color you like for that object rather than what works well in your home. Try making a color palette to adhere to when shopping for these items.
Create a house-wide palette and a palette for each room. Stick to three or four colors that complement each other well for each room, and make sure they aren’t too starkly contrasted from other rooms in your home.
If you aren’t sure about how to design a color palette there are several free online tools you can use to help.
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An event planner is someone who handles your event, without you having to run around to get things done. However, most people feel it is a daunting task when it comes to looking for a suitable event planner when it's not. If you need to hire an event planner for your party, there are a lot of things to consider. First of all, what aspects do you want an event planner to handle? Before looking for an event planner, decide the event's objective and the budget. Once you know what your party is about, an event planner can work out the details for food, music and other things that your party will need to be successful.
- Looking for an event planner. You need an expert, someone experienced and able to work under pressure. One of the ways to go about hiring an event planner is to ask friends and family for planners they have used before. Check online for the best event planners in your locality and make a shortlist. There are lots of them and finding them isn’t the issue, the issue is finding the best.
- Interview your applicants. Screen the event planners on your shortlist to find the best fit for you. Don't be clouded by sentiments. Give them a brief detail of the event and see if they have done something similar before. Then, gradually reduce them to the top three suitable applicants. Compare their works and try to get a handle of their personality. You want someone you can truly work with.
- Selection and budget. Once you have selected the best event planner from the list of applicants, sit down with your event planner and disclose your budget and expectations. Most people come up with an unrealistic budget and yet, want a premium event at the end of the day. It is the work of your event planner to bring you down to earth and work with you into creating a more realistic budget that fits into your finance.Also, don’t forget about the event planner’s fee. You might need to pay deposits. Some paper works might also be required so; it will be proper for you to have your lawyer around to review the contracts before they are signed.
An event planner is in charge of the event doesn’t mean you shouldn’t follow up. Be part of the team, to make sure you have input in significant decisions aren’t made without your input. In other words, you are expected to work hand in hand with your event planner in other to have the best event ever! Hire an event planner today to see your party come out better than your imaginations.