Friday, August 30, 2013

Labor Day Ideas

Get Ready For Labor Day

laborday-grillLabor Day is a U.S. federal holiday observed on the first Monday in September (Sept. 2, 2013). It was originally organized to celebrate the many labor associations and their role in our economy…it’s now considered a day of rest! For many it also the “unofficial” end of summer and a last chance for trips and outdoor events!
Here are few top suggestions for having fun and relaxing this Labor Day:
  •      At Home Spa Day – Spas can be expensive…create your own at home!
  •      “Turn off”, enjoy mother nature – Leave all tech devices off and hit the trails!
  •      Plan a “staycation” – Visit local tourist attractions, buy goofy souvenirs!
  •      Volunteer – Can’t just sit back and relax?  Give back to the community!
  •      Listening Party – Dig out your favorite music, invite friends to bring theirs too!  Spend the day creating new playlists and burning new cds!
  •      Junk Food Movie Night – Choose 1 day this weekend to rent cheesy movies and load up on junk food.
  •      Family Game Night – Dust off the old board games or learn a new one!
  •      Spend the day in bed – Prepare easy meals ahead of time, drag books, games, and music into your room, hide the cell phone!
  •      Paint a family mural – Sounds like work, but it’s a great, creative family project!
  •      Have a cook-off – “Stir up” a little friendly competition at your Labor Day picnic!
Check out these great local events too!! : (click on the links)

Thursday, August 29, 2013

If rates continue to rise

Earlier this year mortgage interest rates were in the 3.5% range. Today they are more like 4.5%.  It's unlikely they will continue to go up this fast but very few think they will do anything but continue to go up.

Here's what will happen to a buyer's purchasing power if rates go up another 1%.

 
 
This also gives an idea of what has happened to buyers as rates have gone up 30% in the past 6 months

Wednesday, August 28, 2013

Alittle recognition of homeowners by regulators


After several years of threatening to make home loans available to only the very well off portion of the population, the rule makers are finally deciding to promote and interest other than landlords.


NAR Welcomes QRM Rule Revisions

Monday, August 26, 2013

Time to tackle exterior painting befor it gets too cold


Exterior Paints and Stains: A Guide to the Options
By:  Joseph D'Agnese
Published: February 26, 2010

To choose the best exterior paint or stain for your job, match the coating to your house, your climate, and the look you want.



One key to how long an exterior finish lasts is how well the surface is prepared. But equally important is the choice of the paint or stain itself. Using high-quality materials, matching them to your house and climate, and conducting regular maintenance will extend the time between recoatings.
Expect to pay $35 to $45 per gallon for conventional premium paint or stain. "Green," or zero-VOC, products run $45 to $55 per gallon. A gallon covers 350 to 400 square feet, so figure on about 8 gallons to cover an average two-story, 30-by-40-foot house. Most paint jobs require a primer and two topcoats.
Acrylic latex paints
Acrylic latex is the favored choice, both of pros and do-it-yourselfers. These water-based paints come in an endless range of colors and three popular finishes. Flat paint, commonly used indoors, offers the least protection against the elements. Satin, with its slightly higher sheen, is a good choice for wood siding. Semi-gloss or gloss offers the most protection and works well on high-use areas like window and door trim.
Pros: Latex paints are easy to work with and clean up with water. The paint film remains flexible even after drying, so it breathes and moves slightly to accommodate changes in temperature, or even house settling, without cracking. In addition to wood, latex can also cover siding made of vinyl, aluminum, fiber cement, stucco, brick, and metal.
Cons: Unless you're using "green" products, expect to smell paint fumes from the moment you open the can until the paint dries completely. These odors, produced by volatile organic compounds, are toxic in high quantities and contribute to air pollution.
In general, latex paint doesn't bond well to previous coats of oil paint unless you prepare the surface very well. That means stripping nearly all the old paint off the wood first, a time-consuming and expensive job. It's often smarter to stick with oil if you've got oil, and latex if you've got latex.
Costs: $35 to $45 a gallon for premium latex paint; $45 to $55 a gallon for premium low- or zero-VOC paints.
Oil-based paints
Oil paint, long prized for its durability, used to be the gold standard for exteriors and some high-traffic house trim such as handrails, doors, and floors. But these days it plays second fiddle to latex.
Pros: Oil paints dry hard and get harder with time. That makes them perfect for high-traffic uses: porch floors, steps, metal handrails, even your front door.
Cons: Over time, oil paint can become brittle and crack, producing an "alligator" look. (Some people actually like the effect.) Oil paint can never be applied on top of old latex paint; the two won't bond properly.
Toxic solvents are required to clean brushes and other equipment that come in contact with oil paint. The average can of oil paint has more VOCs than a can of conventional latex paint. Low-VOC oil paint is available, but even these products contain more VOCs than low-VOC latex paint.
Costs: $35 to $45 a gallon for premium oil-based paint; $45 to $55 a gallon for premium low-VOC paints.
Exterior stain
Stain is the choice when you want to let some of the natural features of the wood shine through but still shield your investment from the elements. Cedar, redwood, and other beautiful varieties cry out for stain. As a rule, stain isn't as protective as paint; sunlight and weather can still penetrate the stain, causing the wood to age and discolor.
Like paints, stains come in latex and oil-based versions. You don't want to cover an oil with a latex stain, or vice versa, unless the old coat of stain has aged and weathered to the point where the new coat can adhere.
Stains come in three finishes:
Clear stains are extremely translucent. You'll see more of the wood, but you'll need to reapply as often as every two to three years. Clear stains can still vary greatly in appearance, so you will want to experiment on a scrap piece of shingle to choose your favorite product. Over time, the wood under clear stain will continue to discolor, forcing you to eventually move to the next category.
Semi-transparent stains are bulkier and offer more protection than clear stains, because they contain a hint of pigment. Color choices are not nearly as numerous as those for latex paint, but there's still a broad range of options. Reapply in five to seven years.
Opaque stains behave more like paint; they offer maximum protection and hide much of the wood's look. But they still allow the texture to show through. These come in many colors, but choose carefully--if you want to change colors next time around, you'll need to sand the surface completely. Opaques last 10 years or more.
Pros: Stains don't require extensive surface prep the way paint does. Just wash, dry, scrape any raised or cracked stain, and re-stain with a brush. You don't need a primer and may be able to squeak by with one coat.
Cons: Depending on type of stain, requires frequent reapplication.
Costs: $35 to $45 a gallon.
It's worth springing for the good stuff
To make sure you're purchasing a quality product, buy at a reputable paint store and ask sales clerks for recommendations. When buying latex paints, choose ones that are 100% acrylic polymers or resins, labeled on the front or in the ingredients list. Low-quality paint feels thin, runs down surfaces, and spatters off rollers. High-quality paint feels thicker, levels well when applied, and hides the old paint layer or primer in one to two coats, tops.
When it comes to stain, brand name and reputation are the best indicators of quality. Ask for recommendations, accept the higher price, and don't try to cut corners.
 .       


Friday, August 23, 2013

Historically Low Interest Rates??

Lots of talk over the last few years about "historically low" interest rates.

Even as rates have begun to creep up lately, here is a look at the cost (principal & interest) of a $250,000 mortgage at various points over the last 30 years.

Thursday, August 22, 2013

BEWARE OF REAL ESTATE SCAMMERS

Heed warning signs of real estate scams

Thursday, August 22, 2013
By Diana Dietz
177017580
As housing recovers and technology evolves, real estate scams have not decreased.
Despite government initiatives on both and federal and state levels, they’ve flourished into more elaborate cons. Homeowners have been scammed out of an average of $4,000 to $5,000 from scams, according to NeighborhoodWorks America, the nonprofit organization behind the Loan Modification Alert campaign.

Forbes recently highlighted three of the most common real estate scams today:
1. Rental scams: Scammers illegally pull online listing information from a home for sale and re-post it as a rental on another site, such as Craigslist. They’ll often ask for money upfront, in the form of a security deposit or broker fee, from prospective tenants. Scammers often advertise the home at a low price and collect application fees from several prospective tenants in order to hold the property for them.
Warning signs: Be cautious of wiring money or paying any upfront fee before you’ve met the agent or signed the contract. Also, be skeptical if they can’t show you the property when you ask.

2. Loan modification scams: Scammers may offer “fake foreclosure counseling, phony forensic loan auditing, nonexistent mass rejoinder lawsuits, bait-and-switch ploys, leaseback programs, and fraudulent ‘government’ modification programs,” Forbes notes.
Warning signs: Be skeptical if anyone asks for money for foreclosure counseling. Foreclosure counseling is free from agencies like the U.S. Department of Housing and Urban Development. Also, always contact your lender directly to work through a modification process. Don’t allow someone to do that on your behalf.

3. Workshop scams: An investment guru will host a get-rich-quick real estate investing seminar and have you sign up for a course that is free or low-cost. The investor may then give you actual properties to invest in if you offer up thousands of dollars in advance. They make bold promises that you’ll become a millionaire, but then nothing ever happens. Also, a form you may have signed initially to take the class may prevent you from taking legal action against the instructor to recoup your money.
Warning signs: While not every workshop instructor is a scammer, be sure to check out the program thoroughly before signing up. Check the company’s rating with the Better Business Bureau (BBB). Also, check if it’s linked to a reputable industry association.
About Diana Dietz:
Diana Dietz is the Communications Manager at the Pennsylvania Association of Realtors