Jane Cheetham - RE/MAX Acclaim



Posted by Jane Cheetham on 6/11/2019

It’s always a goal in life to be happier in our jobs and make more money. When it comes to buying a home, your job status can have a big effect on whether or not you’ll be able to buy a home or not. You will be able to buy a home using a new source of income. Even refinancing can be a breeze when you have a new job and the right knowledge. 


Many people believe that changing jobs or having gaps in between employment is a certain type of black hole when it comes to getting a mortgage. However, if you approach all of the changes in the correct way, you should be able to land the mortgage deal and secure a home.


Average Income


One of the most important numbers that your lender will calculate when you’re buying a home is that of your average income. This will be based on the pay that you had earned in the past 24 months‘ time. If you have had the same job and pay, this won’t be much of a big deal, However, if any of these things have changed (or will soon change) your lender may have some questions. This doesn’t mean that your mortgage application will be struck down completely. 


Information That’s Needed In The Event Of A Job Change


If you have recently changed jobs in the process of trying to refinance or buy a new home, your lender will need a few pieces of information from you. These items include:


  • An offer letter for the job
  • A role or title change letter (if applicable)
  • Compensation package change confirmation
  • Verification of employment
  • Most recent pay stub


Hourly Employees


If you’re an hourly employee, unfortunately, you’re under the tightest type of scrutiny when it comes to applying for a mortgage. Your income will be averaged for as long as you have been an hourly employee. If you work full-time, this won’t be too much of a problem. If your hours fluctuate from week-to-week, this can make things a bit more complicated.


If your hourly rates have recently gone up, you’ll need a bit of info from your employer to help you get the income verification that your lender needs. These items include:


  • An offer letter
  • Recent pay stubs
  • The new compensation structure or offer

If you have any sort of extenuating circumstances like a relocation or a new position, this information can help to bridge the gap in any information that just doesn’t add up as far as your employment history goes. 


Salaried Employees


If you’re a salaried employee, things are a bit simpler. Your lender will have a much easier time calculating your average income. The only issue that you may encounter is if you have had a gap in employment. For this, your lender will require a written explanation of what occurred during that time period.  

 

Lenders want to protect themselves, but in a way, they also want to protect you from getting in over your head with how much you can afford for a home. With some proof and a little explanation, you should be able to get a house you can afford if you have all of the information that you need to back up your financial history and employment history.




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Posted by Jane Cheetham on 6/4/2019

Putting your home on the market is a life-changing decision and, for some people, it may involve conflicting feelings.

Ideally, all members of your family should be on board with the decision to sell. If you, your spouse, or your kids are ambivalent or even against the idea of moving, it could send a negative message to prospective buyers, estate agents, and others. Helping your family stay positive and motivated can ensure that everyone is pulling in the same direction.

A common stumbling block for many sellers is the inclination to attach too much sentimental value to their home. While you may associate your home with fond family memories, years of hard work, and thousands of dollars in home improvements, your actual selling price should be a reflection of market conditions and the price comparable houses in your neighborhood recently sold for.

Based on a comparative analysis, your real estate agent can help you come up with a realistic asking price that will reflect both its market value and major improvements you've made in recent years. Although remodeling your kitchen or bathrooms will not provide you with a dollar-for-dollar return on investment (ROI) when it comes time to sell, prospective buyers will be much more attracted to a home that's been updated and well maintained.

When selling your home, perhaps the most important principle to keep in mind is that "You don't get a second chance to make a great first impression." By minimizing the negatives and making the most of your home's attributes, you'll be increasing the probability of selling your house within the shortest period of time

Keeping your home meticulously clean for every showing can often be a challenge, but it's a goal worth striving for. Other ways to make a favorable impression on potential buyers is to focus on maximizing your home's curb appeal and minimizing clutter -- both inside and out. While it may seem like a tall order to declutter your home, keep your lawn looking manicured, and apply fresh coats of paint where needed, you'd be surprised at how much you can accomplish by setting your mind to it. One simple but effective strategy for getting things done is to create checklists of priorities, projects, and important tasks that need to be completed. When you commit goals to writing and review your priority list every day, you'll tend to be much more organized, action oriented, and focused.

Although a lot of people take a sense of humble pride in saying that their home is "a work in progress," once it's on the market, you need to have as many of those rough edges smoothed out, as possible! Putting your best foot forward for every showing could make the difference between a fast sale and a house which lingers on the market for months!





Posted by Jane Cheetham on 5/21/2019

In the gray days of winter, everyone can benefit from some additional sunlight. Take advantage of the well-documented medical and psychological benefits of sunshine and the vitamin D it generates. Sure, you can open your windows, but then you lose that privacy. You can split the difference with a skylight or a light tube that allows light to come down from the roof of your home.

What is a Skylight?

A skylight is a window that opens up to the sky through the ceiling and roof of your home instead of out the side wall. Skylights come in a variety of styles from clear to frosted or patterned. Some even open and may include fans to help increase ventilation. Skylights must reach all the way through the roof to get access to that sunshine, so they require rooftop placement. That means single story properties can have kitchen skylights, but your two-story home limits skylights to upstairs bedrooms or an office. 

Skylights can be as simple or as fancy if you like. Just want some light? Go with a simple glass pane. Want some architectural detailing? Try a domed skylight or one with built-in shades or blinds. You can even get smart skylights that respond to apps on your phone or open and close on a schedule or with the predicted weather.

How about a Light Tube?

Light tubes differ from skylights because they reflect light down through a variety of tubes using mirrors. This structure removes the "view" element entirely and opens up a variety of locations that wouldn't work for skylights. One of the best features of light tubes is that the rooftop location doesn't have to be directly above the interior position. A lot of modern light tubes come with LED lights, so they work whether or not there is sunshine. Great places for light tubes include bathrooms, closets, and basically any dark niche. Light tubes that terminate in your walls instead of the roof open up lower or middle floors as well. 

Value and Energy

Properly installed skylights potentially decrease your energy costs by adding more natural light which means less electric light. However, if installed poorly, they can mess with your insulation increasing your heating and cooling costs. Always ensure you use the correct skylight for your home and weather. When you add a skylight correctly, it increases your home’s value. The best skylights protect the home’s energy efficiency and blend in well with the original design. You don’t want your skylight looking like an afterthought.

Before you add skylights or light tubes to your home, talk to your real estate agent about what the actual market value increase will be and the best skylights to use.




Tags: windows   home upgrades   lighting  
Categories: Uncategorized  


Posted by Jane Cheetham on 5/14/2019

Painting your entire home can be an appealing idea if you've grown tired of its current color scheme. Paint colors can do much to change the look and feel of a room, but if you aren't ready for the long term process and commitment, there's a much easier alternative. Adding new pops of color can transform your space into a fresh new atmosphere. Here are five ways you can include new colors that will make your space pop!

  • Window treatments make a huge difference in adding additional texture and color to your home. If your walls are neutral, add bold color curtains to brighten up your room. You can also choose vibrant designs that include flowers or patterns. If your walls are already bright and bold, add white or neutral colored curtains to add contrast to your current look.
  • Decorative pillows are sure to refresh any bedroom without much effort. When choosing pillows for your bedroom, incorporate two or three colors that favor the existing look you have. Step out of your comfort-zone and choose pillows of unique shapes, sizes, and patterns that are sure to draw attention to your bed.
  • Updating your current wall art is a sure way to grab the attention of guests, so it's best to apply this update to your living room. There are endless options when it comes to making a statement with your walls. You can choose from a large piece that is sure to stand out or pick a variety of framed art to display. The options here are endless when it comes to wall decor.
  • A new centerpiece on your dining room table will surely be an eye catcher for your dinner guests. For this piece, gather items that can stand tall without taking up too much room on your table. Choose from a tall vase, clear glass containers with candles, or a long wooden box. Add greenery and bright colored flowers to any of these combinations to spruce up your dining space. You can ideally mix and match any of these items and incorporate them into a beautiful centerpiece.
  • Wallpaper comes in many different colors and patterns and can make a difference when it comes to decorating. You don't have to apply it to the entire room for it to work its magic. Apply wallpaper to the back side of shelves, the solid side of a dresser, or even the smooth surface of a door. It may sound like a scary commitment, but rest assured that wallpapers aren’t all permanent. There are a variety of peel and stick options that come off easily if you decide to go a different direction. 

Adding an extra pop of color into your home can be simple without the long term commitment. Refresh your space with these simple upgrades and enjoy your new look with loved ones.




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Posted by Jane Cheetham on 5/7/2019

Home staging is one of the most tried-and-true methods of selling your home faster. It can also help you increase the purchase price of your home by between one and five percent.

However, working with a professional home stager--while a good investment--is not always in everyone’s budget.

The good news is, there are a lot of simple and inexpensive ways to stage your home that will give visitors a good first impression, make for great photos for your online listing, and hopefully help speed up your home sale.

In today’s post, we’re going to break down six of the most effective and inexpensive home staging tips to help you sell your home faster.

1. Declutter everything

Cleaning out your home is one of the best ways to make it appear more spacious and welcoming. It gives you the chance to start packing items you won’t need until you move into your new home, and it opens up space to use a few choice decorations around the home.

For things like cabinets and closets, remove all of the items you won’t need until you move. A closet that is half-full will look much larger for guests viewing your home.

2. Clean carpets and polish wooden furniture

Carpets, flooring, and furniture make up a large percent of the visible space in your home. Leaving these items dirty or worn when selling your home is missing out on a huge opportunity to make your home look up-to-date and well-maintained.

You can rent a carpet cleaner for as little as $20, and a gallon of wood polish costs around $15, making these two items a solid investment for staging your home.

3. Paint with bright colors

When we paint our homes we usually choose colors that we like, rather than ones that appeal to the largest number of people. And although that’s a great thing while you own a home, it can be detrimental when it comes time to sell. Repainting dark walls in bright, neutral tones will make the room feel larger and well-lit.

4. Paint the front door while you’re at it

A freshly painted, bright colored front door can be the secret weapon when it comes to making your home stand out amongst your neighbors. It is a cheap way to quickly freshen up the exterior of your home and increase curb appeal.

5. Purchase a new welcome mat and mailbox

Welcome mats tend to get a lot of use and wear down. Similarly, mailboxes often get dented and faded over the years.

These two items can be excellent accents to improve the curb appeal of your home. Choose colors that match the overall color scheme of your home to establish a sense of continuity.

6.  Rearrange furniture to allow foot traffic

When someone comes to view your home, you’ll want to sure they have ease of access to each part of the house. Rearrange the furniture in your kitchen, dining room, and bedrooms to make it easy to tour the home.




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