Archive for May, 2009

May 27 2009

Hidden Home Defects

Published by admin under Uncategorized

No home is flawless, but certain physical problems can be expensive. Watch for:

1. Water leaks. Look for stains on ceilings and near the baseboards, especially in basements or attics.

2. Shifting foundations. Look for large cracks along the home’s foundation.

3. Drainage. Look for standing water, either around the foundation of the home or in the yard.

4. Termites. Look for weakened or grooved wood, especially near ground level.

5. Worn roofs. Look for broken or missing copings and buckled shingles as well as water spots on ceilings.

6. Inadequate wiring. Look for antiquated fuse boxes, extension cords (indicating insufficient outlets), and outlets without a place to plug in the grounding prong.

7. Plumbing problems. Very low water pressure, banging in pipes.

If you are planning on placing your home on the Orlando market in the near future, be sure to keep all of this in mind. With some of these hidden home defects, it could change the outcome of the buyer’s home inspection. For more information regarding selling or purchasing Orlando properties, contact Levi today. Levi Salmans a leader in the Orlando market by helping you sell and purchase your equestrian or horse property.

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May 07 2009

Moving tips for Sellers

Published by admin under Selling Tips

Moving tips for Sellers

1. Give your forwarding address to the post office, usually two to four weeks ahead of the move.
2. Notify your credit card companies, magazine subscriptions, and bank of the change of address.
3. Develop a list of friends, relatives, and business colleagues who need to be notified of the move.
4. Arrange to have utilities disconnected at your old home and connected at your new one.
5. Cancel the newspaper.
6. Check insurance coverage for moved items. Usually movers only cover what they pack.
7. Clean out appliances and prepare them for moving, if applicable.
8. Note the weight of the goods you’ll have moved, since long-distance moves are usually billed according to weight. Watch for movers that use excessive padding to add weight.
9. Check with your condo or co-op about restrictions on using the elevator or particular exits.
10. Have a “first open: box with the things you’ll need most—toilet paper, soap, trash bags, scissors, hammer, screwdriver, pencils and paper, cups and plates, water, snacks, and toothpaste.

Plus, if you’re moving out of town:

1. Get copies of medical and dental records and prescriptions for your family and your pets.
2. Get copies of children’s school records for transfer.
3. Ask friends for introductions to anyone they know in your new neighborhood.
4. Consider special car needs for pets when travelling.
5. Let a friend or relative know your route.
6. Carry traveler’s checks or an ATM card for ready cash until you can open a bank account.
7. Empty your safety deposit box.
8. Put plants in boxes with holes for air circulation if you’re moving in cold weather.

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May 07 2009

What Is Appraised Value?

Published by admin under Real Estate Tips

It’s an objective opinion of value, but it’s not an exact science so appraisals may differ.

For buying and selling purposes, appraisals are usually based on market value-what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.

Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.

Appraised value doesn’t consider special considerations, like the need to sell rapidly.

Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.

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Contact Levi today, if you are looking to sell or purchase an equestrian property in the Orlando area.

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