What Color should you Paint Your Home?

Oct 23, 2013 by

Your exterior colors can make or break a sale.  Potential buyers want a home that is distinguished, has curb appeal, and has colors that draw their interest.  Your exterior colors should stand out and make a statement over other homes in the neighborhood.

Neutral Colors

Neutral colors are the preferred choice of colors to help ensure a speedy sale.  Neutral colors work with a number of different colors and shades and don’t upset the color rhythm in the neighborhood.  Blue, light shades of yellow, beige, white and tan are all considered good neutral colors.

Contrasting Colors

Contrasting colors can create a very nice appeal.  For instance, if a majority of the homes around you are white, you might opt to paint your home a light yellow or blue.  The contrast will offset your home from other homes in the neighborhood and make a statement of a home that stands out.

Complementary Colors

Complementary colors are colors and shades that complement the other colors of homes in the neighborhood and work with features outside your home.  For instance, you might have brick walkways, which would be nicely complemented by a light shade of paint or you might paint the front door to your home a slightly darker color.

Get plenty of ideas on colors and shades.  Visit your local paint store for a paint wheel, look in magazines, drive the neighborhood and get ideas online.

 

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Rehab Mistakes you need to Avoid as an Investor

Oct 16, 2013 by

There are certain mistakes that can eat up your profit when you buy properties.  Take a look at the most common rehab mistakes investors make.

Top Rehab Mistakes Investors Make

  1. Purchasing the property for too much.  Paying too much for a property undermines your entire intention of generating a profit.  Know the local market, the cost of repairs, and bid accordingly.
  2. Buying a property that has structural damage.  Always have homes you are interested in inspected for structural damage as structural repairs are costly.
  3. Not properly estimating the cost of repairs. Repairs will eat into your profit margin, and you want to make certain you calculate the repair costs accurately.
  4. Not performing a termite inspection.  Termites can cause terrible damage to a property, and damage that is costly.
  5. Not getting quotes from more than one contractor.  Obtaining multiple quotes on all repairs is important.
  6. Forgetting to have an exit strategy.  Always prepare for the possibility that you may not get the home sold.  Have a backup plan.  Will you wholesale it?  Rent it?  What will you do?
  7. Having shady contractors perform the work, which could end up costing you more in the long run.  Be sure to hire licensed and experienced contractors.
  8. Not marketing the home properly.  You want to get the home sold fast so your profit isn’t eaten up by monthly mortgage payments.
  9. Not rehabbing the property to BUYER standards.  Your goal is to fix up the home and turn it quickly for a profit.  Fixing up the home to YOUR liking is always a mistake.  Make the property marketable and get it sold.

 

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Need to stop Foreclosure on your home fast? Read this…

Oct 9, 2013 by

When the foreclosure proceedings begin, you need to move faster than ever if you plan to stop the foreclosure process.  With home values rising, banks are acting faster.  In fact, foreclosure filings rose in 26 states last month, and homes are given on average 90 days to get their payments in order.

You need to understand are your options. You can either:

  • Sell your home with an investor as-is for fast cash
  • Short sale
  • Hire a foreclosure defense attorney
  • File bankruptcy
  • Loan modification program
  • Have your home refinanced

If you want to save your home, your best option is to refinance or to work out a loan modification with your lender.  Immediate action will be necessary.  Explain your situation to your bank and ask what foreclosure options are available to you.

Short sales are an option, but must be approved by your bank.  In a short sale, your home is sold short of the balance.  Your bank may also offer you a relocation fund that can be up to $3K.   A short sale is much less dramatic to your credit than a foreclosure, and many times allows you to stay in your home longer.

For a fast sale, cash in your pocket and no damage to your credit, an investor is the solution.  A good investor, like TRAM Homes, can have your home sold quickly, and in as-is condition; avoiding foreclosure.

Bankruptcy should be a last resort and avoided if at all possible.  If you see no other solution, speak with an attorney first.

 

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The Best Markets to Flip Properties in 2013

Oct 2, 2013 by

Flipping houses has become increasingly popular due to the sole fact of the great potential for profit.  So, what are the best markets to flip?  Different investors use different approaches.  Some work in distressed regions, while others work in quickly appreciating regions.  Both can be profitable.

According to recent reports from Cheat Sheet, Wall St. and Realty Trac’s Home Flipping Report in 2012, flipping properties has become more profitable in the last two years than ever before, with an average of $18,391 per deal.

So, where are the best markets to flip property?  The top cities in the US to flip houses is San Diego, California followed by New Haven, Connecticut.  What’s next?  The following 10 cities are also on the list of top markets in the US to flip houses:

10. Daytona Beach, Florida

9.   Omaha, Nebraska

8.   Palm Coast, Florida

7.   Pittsburgh, Pennsylvania

6.  Tampa, Florida

5.   Port St. Lucie, Florida

4.   Cape Coral, Florida

3.  Jacksonville, Florida

2.  Charleston, South Carolina

1.  Virginia Beach, Virginia

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4 Blissful Longboat Key condos

Sep 25, 2013 by

It’s blissful, it’s exciting, and it will become your favorite place to kick back and sip a margarita!  Longboat Key is the perfect spot for a residence or a vacation home.  It’s an atmosphere that is relaxed and exciting and the ideal spot for professionals to kick off their shoes, while retirees and young families can enjoy the perfect combination of nature and activity in a vibrant city.  Longboat Key condominiums are the perfect habitat for all classes and all generations.  Let’s take a look at a few of the best condo communities in Longboat.

Positano

Positano is among the newer of the Longboat Key condominium developments and one that is gorgeous.  The condos are located on an exclusive stretch of 750 feet of Longboat Key, Florida beachfront.  These Longboat Key condos offer a stellar lifestyle with each residence featuring over 3,000 square feet of living space on spacious beachfront balconies.

Residents can enjoy a resort pool, private garages, 24-hour security, and a clubhouse.

L’ Ambiance

L’ Ambiance is an exclusive, majestic and simply spectacular condominium development and one that offers endless comforts.  The condos occupy 18 acres of space fronting the Gulf of Mexico.  Residents enjoy two Har-Tru tennis courts, heated lap pool, a clubhouse, onsite concierge service and a fitness and exercise room.  Downtown Sarasota and St. Arman’s circle is just minutes away.

En Provence

En Provence is a newer Longboat Key condominium development and one that is located on 6 acres of beautiful beachfront.  The style is a Mediterranean style community with amenities that include a swimming pool and hot tub, a fitness facility and a spacious clubhouse.

Regent Place

Regent Place is located on the beach, and residents enjoy 36 luxurious condo residences.  Amenities include a 25 meter heated pool and expansive deck area with beach views, an outdoor spa and open air pavilions with barbecues.  There’s also a fitness center and clubhouse as well as concierge services.

 

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Key Rule in Making a First Impression that Lasts: Your Exterior

Sep 18, 2013 by

When staging your home, the exterior is vital.  The exterior of your home should never be overlooked or neglected as it should send a greeting that says “welcome home” to prospective home buyers.  The cleanliness and appearance of your outdoor space and yard is the first impression prospective home buyers will have about your home and curb appeal must be stellar.

Exterior

The exterior of the home should look as though it is well cared for.  Start by refresh peeling with a good power-wash of the exterior of the home, sidewalks, and driveway.  Refresh peeling paint and trim and make sure all exterior hardware like house numbers and door latches are in good shape.  Check your roof for lost or missing shingles and clean your chimney.  Repaint bricks that need to be repainted and clean the windows until they sparkle.

Patios and Decks

Pressure wash all outdoor furniture and decks as well as walkways.  Remember the old rule of thumb, less is more! Don’t clutter the decks with too much furniture, planters, etc.  If the decks are in need of resealing or repainting, then don’t neglect them.  Also, sweep all patios free of debris.

Yard

Take a good look at your walkways, sidewalks and driveway for any repairs they may need.  Check for cracks and chips in the pavers or bricks and anything that needs fixing.  Roll up the hoses; inspect and pressure wash the fences to ensure they are in good shape.  Get rid of all the junk in the yard, mow and weed the lawn and all flowerbeds and trim the trees, shrubs and bushes.

Add some finishing and personal touches like planters or flowers for a fresh look.  Also replace old mulch or add some color with new Colored Shell Mulch.

 

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