Episode 238 AskJasonGelios Real Estate Show

Article by Kimberly Dawn Neumann | Realtor.com
​Featured Expertise by Jason Gelios | Realtor

Thinking of buying a house, but not sure what you can ask for during the negotiation process? Here’s a little tip: There’s no harm in going for what you want.

“Everything is negotiable,” says Bruce Ailion, an attorney and real estate agent with Re/Max in Atlanta. “You can negotiate simple items like fresh paint, new flooring, a new roof, new appliances, and closing costs. We have even had sellers pay off buyers’ debts to qualify. No limit.”

That said, you probably won’t get a seller to pay off your debt in a hot real estate market.

​With that in mind, ascertain what kind of market you’re shopping in (buyer’s or seller’s) to determine how much negotiating power you have. Regardless of the real estate temperature, however, here are the top things that a smart buyer can request.

Article by Erik J. Martin | The Mortgage Reports
​Featured Expertise by Jason Gelios | Realtor

Article by Gabrielle Olya
​Featured Expertise by Jason Gelios-Realtor

Buying your first home is a major life milestone that also comes along with a whole new set of knowledge you will need to acquire. That’s why it’s important that when it comes to making renovations — whether a minor cosmetic fix or a major overhaul — you do your research before diving in to avoid making a costly blunder.

GOBankingRates spoke to real estate experts to find out some of the most common renovation mistakes new homeowners make that can end up costing them big time. 

Article by Jen Glantz - INSIDER
Featured Expertise by Jason Gelios

Over the last few months, almost a dozen of my friends have decided to say goodbye to renting and become first-time homeowners. As someone who doesn't plan on following in their footsteps anytime soon (I enjoy the flexibility of renting too much), it's been interesting to live vicariously through them as they search for the homes of their dreams.
Realtor.com expects home sales to grow 6.6% this year, and forecasts not only continued limited inventory but prices rising by 2.9%. Depending on where you're trying to buy a home, it can feel competitive, and if you don't put in an offer fast enough, you might not even stand a chance.

Article by Kimberly Dawn Neumann
Featured Expertise by Jason Gelios

Whether you’re a homebuyer or a home seller, you’ll end up a home negotiator at some point in the process.

The transactional nature of real estate exchanges means there will always be things both parties want—and even need—to bargain for to close the deal. But as a buyer, you might wonder if you can still negotiate in a seller’s market.
​
“Even in a highly competitive market, it is still OK to ask for things when buying a home,” says Nicole Beauchamp, a global real estate adviser and associate broker with Engels & Volkers. “Understanding what elements are negotiable is key.”

So, what are those elements? Well, almost everything is potentially negotiable in real estate. One agent we interviewed mentioned that someone even tried to get a buyer to take her horse as part of the deal. (The buyer passed.) But we’re not horsing around! Here are four of the most common things you can negotiate when buying a home.

Article by Kimberly Dawn Neumann | Realtor.com
​Featured expertise by Jason Gelios

Whether you’re a homebuyer or a home seller, you’ll end up a home negotiator at some point in the process.

The transactional nature of real estate exchanges means there will always be things both parties want—and even need—to bargain for to close the deal. But as a buyer, you might wonder if you can still negotiate in a seller’s market.
​
“Even in a highly competitive market, it is still OK to ask for things when buying a home,” says Nicole Beauchamp, a global real estate adviser and associate broker with Engels & Volkers. “Understanding what elements are negotiable is key.”

Episode 234 AskJasonGelios Real Estate Show

Article by HouseLogic

A new way to look at landscaping can protection your yard from severe weather patterns. Contrary to what many may believe, severe weather doesn’t just beat up on the other guy. Mother Nature can wallop anyone’s home and yard. That doesn’t mean you’ll have to watch your house reduced to briquettes by a wildfire or flooding test your home’s capacity for flotation. But your yard may lose some of its curb appeal if you let nature take its course and you experience events like drought, flooding, hail, high winds, or other uninvited elements. If severe weather is persistent or paired with deficient maintenance, it can set your yard back years. It may be time to rethink your ideas about traditional yards and landscaping. Consider new ideas that will stand up to new challenges but still leave you enough time to enjoy your yard – and your life. Here are five tips to get you started.

1. Counteract Drought Devastation
Continuous lack of water is a serious threat to cultivated plants, says Bryan McKenzie, landscape designer and co-founder of the blog Bumpercroptimes.com. Drought slows plant growth, affects the structures of plants, makes them more susceptible to disease, and can even deep-six entire root systems. Unless you want to relive the Dust Bowl, understand that drought can have a negative impact on soil. “If you’re in a drought situation, you’re exposing the soil to the sun,” says Joe Raboine, director of residential hardscapes for Belgard in Atlanta. “[Soil] will bake, dry up, and turn to dust. Pesticides in the dust will be dispersed through the air.” 

​To thrive, grass lawns need to quaff at least one inch of water weekly, says Luke Lee, a London-based real estate professional who helps homeowners with landscaping design choices. If your home is in an area gripped by frequent drought, consider installing artificial turf (AstroTurf is one type). It will help conserve water and put a damper on grass fires, Lee says. Another option: Use drought-resistant plants or mulch on the land to protect the soil and allow the soil biome to thrive, Raboine says. One other possibility is edible landscapes, including blueberry bushes. “Blueberries can be planted from the South to far North and thrive in many different and even fairly harsh conditions,” he says. “There’s receptivity to new ideas about how to cover your land, which are really old ways that predate the arrival of lawn mowers to cut your grass.”

2. Prevent Damage from Excessive Precipitation
Too much precipitation from rain and snowfall can damage both plants and soil, says  the marketing director of Manchester, Conn.-based Green Building Elements. Monsoon-like downpours can unleash a torrent of storm water pollution, which can kill plant roots. Flooding can rob landscapes of large volumes of nutrients and also choke them from lack of air. If plants remain in standing water too long, growth can be slowed, or they may die, McKenzie says. Many homeowners grade the soil on their properties rather than accentuating the natural landscape, says Tom Monson, owner of Monson Lawn & Landscaping in Mendota Heights, Minn. When combined with extreme weather like heavy rains, this grading can lead to erosion. Homeowners in areas with severe weather need to consider where water drains, Monson says. “Many homeowners have installed customized draining systems to protect against flooding. But many have not installed drainage systems, and [their yards] are at risk.” Water running off a yard can carry oil and debris, which end up in waterways. To avoid getting the evil eye from the Environmental Protection Agency, consider installing permeable pavements in your yard. Two such coverings are interlocking concrete pavers or amended soils. Permeable pavements can prevent both pollutant runoff and flooding, says Raboine. They capture the water in the substrate. There, microbes break down pollutants before they can enter the aquifer.  “The storm water from a driveway can be collected in a tank in the same way water was once collected in a cistern, and later used for irrigation purposes,” he says. 

3. Secure Your Yard from High Winds
Gusts strong enough to propel Dorothy back to the Emerald City seem more common these days. As threatening as they may be to houses and cars, those gusts are also no friend of your landscaping. Strong sustained winds can rip smaller plants from the ground. After a windstorm, distribution of leaves, pine needles, and small branches, as well as large fallen trees, can make your yard look like a disaster zone. Even milder winds can accelerate soil erosion. That’s destructive to landscaping and brings slower growth. Landscape experts urge several steps. Prune trees and bushes of loose or dead branches. Before an impending storm, tie down any other loose foliage, and secure furniture or decorations, which can be blown around your lot as well. Think about planting fewer ornamental shrubs or trees, and avoid trees that are easily uprooted by heavy winds. Even ponder cutting down a few trees and foliage vulnerable to high winds.

4. Prepare Your Yard for Extreme Heat
Statistics suggest the weather pattern most deadly for humans is extreme heat. It can be just as lethal to the yards of humans. This weather pattern can cause loss of foliage, dormant lawns, stressed shrubs and trees, and insect and disease infestations. So says Owen Mosser, Maine-based garden expert at online publication The Golden. To keep your lawn green in spite of the summer heat, replacing some areas with water-wise plantings will make your yard more tolerant. Possibilities include Spanish lavender, African daisy, aloes, pride of Madeira, rockrose, and Juniper. “Pruning dead or infected limbs will keep plant diseases from spreading to the healthy parts of your yard,” he adds. Detect infected plants by spotting abnormal growth or appearance of disease-causing organisms such as insect larvae or bacterial slime. Leaves are also visibly yellow leaves with white blotches, and the stems may become a bit mushy.

5. Protect Your Landscaping From Harsh Winters
Long cold stretches, when combined with the kind of gusts that send wind chills plummeting to minus zero territory, can leave your yard’s future on thin ice. Prevent this by over seeding your lawn to generate stronger, healthier grass and keep your lawn safe during the winter months, Mosser says. Incorporating mulch also provides insulation, regulates root and soil warmth, and keeps your plants healthy. “Don’t forget to remove dead leaves and debris,” he adds. “Doing this will prevent your plants from suffocating and infesting fungus and diseases. Mother Nature can be unforgiving sometimes . . . preventive landscaping is key.” 

Bottom line? Make the time and money you spend on your yard a strong investment against severe weather. Preventive landscaping can help ensure your yard stays green. That could also save you some green by fixing problems that could have been avoided.

Article by House Logic

A creative kitchen can feature your interests and taste — and blend with other rooms. Kitchens are showing more personality these days. As they’ve become a hub, they’re not just for cooking and eating. We’ve been using them for all kinds of activities. We want our kitchens to reveal our interests and taste but still blend with the rest of our home. Here are four ways — little and big — to do that by designing a creative kitchen. 

#1 Aim for a Creative Kitchen
You love looking at posts on Pinterest or Instagram for inspiration and saving them for mood boards or focused aesthetic. But because of your urge for individuality, you want to incorporate choices in ways nobody else does. As long as you don’t make drastic changes that would take big bucks to reverse if you sold in the next few years, you can get creative. Feel free to fix up your kitchen just the way you love.  “Do what feels good for you and nobody else,” urges designer Sharon McCormick of Sharon McCormick Design in Hartford, Conn. This may involve a quick, affordable fix. So, you could move a rug from another room to add a spark of color or pattern. Or hang favorite artwork, or display collectibles on floating shelves or in glass-fronted cabinets. 

If you need to focus on investment-grade changes with lasting value, you still have options. Think about hand-scraped floors, wire-brushed and high-gloss lacquered cabinets, or hardware in new elegant shapes and finishes, says Chicago kitchen expert Mick de Giulio of de Giulio Kitchen Design.  

#2 Express Yourself With Kitchen Color
Kitchen color is the great game changer for a creative kitchen. It’s a quick and easy way to update your kitchen’s look and feel. White, gray, and beige are still popular palettes for kitchens, but livelier hues are showing up, according to a 2021 Houzz survey. If you’re timid about the new shades — lots of blues and greens — consider small doses in a few perimeter cabinets. Or for an island, you could add some backsplash tiles on one wall; one color appliance, like a turquoise range (yep, it’s available!); or a smaller standing mixer or countertop oven. They’re now available in almost any color of the rainbow. Paint manufacturer Sherwin-Williams says green kitchens are gaining ground. People want to bring the feeling of plants and trees inside, whether in dark, jewel tones or more muted, soothing hues. Green also pairs well with wood in floors, furniture, or butcher block countertops. If you’re not ready to commit to color, consider sophisticated black accents. They’ve become popular for architectural features like window frames, doors, cabinets, faucets, and appliance fronts. “Black is the Sharpie that outlines the kitchen,” says JT Norman, design specialist at Kitchen Magic in Nazareth, Pa.

#3 Blend Your Spaces for Seamlessness
The kitchen has become more of a room to live in. Even if you already have an open floor plan with adjoining spaces, you may want your furnishings, color palette, and accessories to blend more seamlessly. That way, there’s no jarring change from one room to another. McCormick says this is a shift from years past, when each room was a different color and sometimes a slightly different style. “With this new way, you can bring chairs from one room to another if you need more seating,” she says. “They look right, and it’s also easier on the eye.” If your kitchen has separate dining and comfy hangout areas, you can still get a cohesive look by coordinating colors and styles. One way to blend spaces is to use the same style of cabinetry. Simple shaker cabinets are still a classic choice. Some homeowners also want panel fronts similar to their cabinets to camouflage kitchen appliances. And even if the color scheme isn’t exactly the same throughout, you might introduce one common denominator of a few similarly colored accessories in each room. 

#4 Go for Convenience With Smart Appliances
Your tech-savvy side wants to find ways to use the latest developments in kitchen equipment to save time and effort. Why not get a jump on preheating the oven for the chicken you plan to roast after a hard day at work — or reheating the one you bought at the supermarket? Most major manufacturers offer models with Wi-Fi capability. You download an app onto your phone or tablet and program the unit. Voila! The range is warm when you arrive home, so you get to eat sooner. 

Episode 232 AskJasonGelios Real Estate Show

Article by Sally Norton

​In today's crazy market, it's not unusual for one house to receive multiple offers. In other words, bidding wars are the new normal in the real estate world, especially in the most desirable areas with exclusive listings. This situation can force you to up the ante to stand out from the crowd of potential buyers. However, in the moment's excitement, many buyers risk being overzealous and making poor decisions that cost them the deal—or, worse, leave them with a property they regret. So, the ultimate goal is not to be like those buyers, right? In order to help you with the house buying process in this crazy market, we listed below mistakes to avoid when bidding on a home. So, let's begin!
​
Bidding every penny you have
The housing market in the US is so competitive these days that houses go for tens if not hundreds of thousands of dollars above the asking price. As a result, many buyers are ready to do everything to buy the house they want. So, when it comes to the bidding wars, they are prepared to break the bank and spend every last penny they have. This is not the step experts stand behind. Let's elaborate on why. 
 
Let's say you overpaid the house and find out some repairs need to be fixed immediately, like roofing or plumbing. Now, you're out of tens of thousands of dollars that you spent on the house, and you have a problem finding money for these repairs. Not an ideal situation, right?
Furthermore, in a competitive market, the appraisal may be poor. This indicates that the bank's assessment determined that the home is worth less than what you agreed to pay for it. You'd need a larger down payment to make up for the difference.
 
So, unless you have a secret fund hidden somewhere or a family member who can lend you money, professionals suggest holding back 10% to 40% more than you can genuinely afford. If you're not financially backed for the house you set your eyes on, that house is simply not for you. Overpaying is definitely one of the mistakes to avoid when bidding on a home.

​Going to a bidding war with many contingencies 
You should never enter a bidding war before securing funding and knowing where your money is coming from. We strongly advise against making your offer contingent on the sale of your present home. Why? It's simple. The seller will always choose the bid with the fewest uncertainties. An excellent example of this is an all-cash offer - the closing is quick and seamless.

Unfortunately, most of us cannot provide an all-cash offer, but we may be pre-approved by a bank before entering the bidding war. We can also exclude the selling of our present home from the transaction. You could sell and then rent before bidding on a new property, or you could sell and ask the new owner for a lease-back agreement.

Moreover, it's rarely just about the money. So, determine what else is crucial to the seller and do your best to accommodate his wishes better than anybody else.
​
Thinking there will be a second chance
Bidding wars are raging in the Chicagoland region. We frequently see prospective buyers miss out on a second opportunity. Prospective buyers believe they will have more opportunities to boost their bids if necessary, and they are frequently mistaken. This is especially important if you're doing this from far away, another state, or even a country. Buying a house remotely is not an easy task, and you don't want to lose your dream home just because you thought you'd get a second chance. 
 
So, what should you do instead? If you find yourself in a multiple bid situation, write your bid as if you would not have another chance to negotiate. This way, you can have a real chance of winning this bidding competition and getting the house of your dreams. The bottom line? Don't play games at this market - you'll never win!

​Using negotiating tips you saw on TV
On real estate reality TV shows, people use the phrase "best and final offer." However, what works on television does not necessarily work in real life. Negotiations in a bidding war never end unless the seller is ready to give up.
 
Never use the phrase "best and final", as this is rarely the case. If you use this phrase again, the listing broker will not take anything you say seriously, especially your counteroffer.
The vendor will almost certainly consider other major negotiable factors. These include the closing date, a higher down payment, and maybe eliminating a contingency, among other things. If the seller sees the phrase "best and final," they may not return to your bid to discuss changing any parameters other than the price to make the sale work. It's more likely they will pick another deal instead. 
 
That's why you need to rely on expert tips instead. For example, never reveal the sellers even if you've bid the maximum amount you can afford. The seller might take you up on it and remove you from the bidding war altogether. This isn't something you want, right?
​
Not understanding the true value of the house
One of the biggest mistakes to avoid when bidding on a home is underestimating the value of the house you want to buy. Some bidders are afraid to pay more than the asking price in a bidding war, believing the house is not worth more. They don't understand that sellers frequently price their house slightly below its genuine value to spark a bidding war and have interested buyers drive the price far higher in the heat of rivalry. This is especially the case in today's housing market, with prices increasing constantly. 
 
Buyers who do not offer their top price are less likely to win a bidding war. Instead, people opt to believe that the property is less valuable. As a result, they lose the house they wanted so badly. In order to avoid this situation, you should learn about the current real estate market trends, what features bring the highest ROI, and vice versa.

Moving to your new home
So, now that you know how to seal the deal when it comes to bidding wars, it's time to get the house you want! Once you do, immediately get into planning the relocation. It is another process you need to organize appropriately. The moving crew from peasleyboisemovers.com suggests doing the research before choosing the moving company for your relocation. After all, these guys will take care of all your belongings, so make sure to choose the trustworthy and reliable one. 
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Conclusion
Now that you know what mistakes to avoid when bidding on a home, you're ready to enter this war like a pro. Ensure you have all the information about the market, the seller, and other prospective buyers. And never reveal your financial possibilities to the seller if you want to stand any chance of buying this home. Good luck!

Article by Andrew Lisa | GoBankingRates.com
​Featured expertise by Jason Gelios

The real estate market is changing fast. 

Sellers have been lowering their asking prices at the highest level since before the pandemic. Mortgage rates are closing in on 6% as the Federal Reserve works aggressively to fight inflation.

See: 15 Best Places in Texas for a Couple To Live Only on Social Security
Find Out: Best Cities To Retire on a Budget of $1,500 a Month

The red-hot seller’s market that dominated the post-pandemic era is shifting, and buyers who have been waiting for a market correction might finally see their patience pay off.   

The last thing they need is misinformation to cloud their judgment and cost them money, yet homebuying myths are still as common and costly as they’ve ever been. 
​
GOBankingRates asked the experts to call out the homebuying fictions that they see foil the most buyers. They named the myths that bother them the most — and explained the truth behind them.

Article by Kimberly Dawn Neumann | Realtor.com
​Featured Expertise by Jason Gelios

With home prices hitting record highs across the country, plenty of homeowners may decide the time is ripe to sell. So how long does it take to sell a house now?

In today’s red-hot seller’s market, homes are getting snapped up by buyers faster than ever. Yet even in this best-case scenario, it will take at least a month, more typically three months, for sellers to prepare their home and close the deal. If extensive repairs are needed or your property is not priced or presented properly, it could take longer still.
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“In our Spring 2022 Home Sellers survey, 2 in 5 recent sellers reported that it took more time than expected,” says Danielle Hale, chief economist for Realtor.com®.