Debbie Arriero and Arriero Realty Inc's Blog

Charlotte NC Real Estate and Other Thoughts

Tips and Trends for Homeowners and Buyers

January 2016 Newsletter

2016 - A New Year!

2016 – A New Year!

Happy New Year! Boy, I can’t believe it’s January 9th already! I hope your 2016 is getting off to a great start.

Interest rates remain low even though the Fed did raise rates last month. And, the belief is that the Fed will raise the rates gradually over the next 2 years. Hopefully folks that are “on the fence”

will hurry and take advantage of the reasonably FANTASTIC rates now before they climb. If you need any information about refinancing, please contact me. I am working with a couple of fabulous lenders with great rates and closing costs.

Also, as noted in this month’s newsletter, the Consumer Financial Protection Bureau (CFPB) has changed the way we do loans and how they close as of October 3, 2015. So far, fortunately, my closings have not been delayed as a result of the new rules. By aligning myself with some great lenders, attorneys and inspectors, I have not been impacted with delays. But across the country, many people have, resulting in long delays, unfinished paperwork, etc. Read about this on CFPB’s website. It takes a village to keep everyone and everything in sync to get a home to close on time nowadays.

ACCESSORIZE IT

If your home décor seems stuck in a rut, updating your accessories can bring more spice to your living space. When accessorizing your home, follow these simple tips and tricks from HGTV and www.housebeautiful.com.

  • Highlight a few favorite accessories at one time. While it’s fun to collect different styles of pillows, artwork and collectibles, displaying them all at one time can overwhelm the room. Try showing only 20 percent of your prized accessories at a given time and change them regularly throughout the year.

  • Highlight a focal point in the room. Perhaps you have a uniquely designed fireplace mantel or a treasured area rug that you want to showcase. Select a piece of artwork to complement the rug, or display a few photographs or your favorite figurines along the mantel.
  • Choose a color scheme and theme. Before buying accessories, decide on one or two colors that will add visual interest to each room and complement your furniture and wall colors. If your furniture and walls are neutral, choose bold colors for your accessories to create a vibrant look. Accessories can also play up a theme of a room.
  • Group similar items. To create a consistent, balanced look, display accessories in small groupings. Some designers work by the rule of three. For example, a trio of matching mirrors lined up on the wall with a contrasting background can provide a dramatic focal point.
  • Light up your space. Create instant impact by choosing light fixtures that complement the design style of the room. To create a certain mood, use wall sconces, an extravagant chandelier or recessed lighting.

With the right accessories, your home can go from stale to stunning in no time.

NO MORE CLOSING SURPRISES

Thanks to new mortgage disclosure guidelines from the Consumer Financial Protection Bureau (CFPB) that became effective October 3, 2015, homebuyers can expect a more seamless closing process and fewer headaches at the closing table. The new rules simplify the loan paper-work so buyers understand exactly what they owe. Buyers can expect to receive two documents during the sales process — a loan estimate and a closing disclosure form, which are intended to be more transparent and could save them money on hidden costs and small-print fees that they might other-wise miss. The loan estimate details the transaction, including the estimated loan and closing costs. Consumers can use this form to do an apples-to-apples comparison when shopping for home loans. The closing disclosure form, which details the final transaction, is provided to buyers three days before closing so they can confirm whether they are getting what they expected and negotiate any changes. The two documents mirror each other, making it easy to compare estimates with final loan terms. Because of the strict timing rules lenders must follow, it’s important that buyers provide lenders with all the information they need to process their loan applications quickly. A qualified real estate professional can help ensure that all paperwork and negotiations with the seller are completed in a timely fashion.

For more information and to see samples of these forms, visit the CFPB’s website, www.consumerfinance.gov.

HOME WORK

According to a recent study by Telework Research Network, 30 million people work from home at least once a week, and that number is expected to grow by 63 percent over the next five years. While dedicating an entire room for a home office is ideal, it’s not always practical. With smaller laptops and office furnishings and Wi-Fi connections, work areas can be set up anywhere in the home. Before setting up a workspace at home, here are a few ideas to consider.

  • Adequate storage. Storage solutions don’t have to be fancy or expensive, but they do need to be tailored to hold everything you need, including reference books, office supplies and files.
  • Reliable power. Many older homes may not have sufficient power or may lack grounded outlets. An electrician can do a wiring inspection and upgrade outlets and circuits as needed. A strong Internet connection is also important. Make sure your DSL or cable modem is functioning well and can handle a demanding workload.
  • Sufficient lighting. Tasks like reading or drafting require lighting that shines directly on the work. For task lighting, use energy-efficient, long-lasting LEDs and a dimmer switch to control levels.
  • Work surface. The type of work you do will determine the size of work surface you need. A longer, wider area is better for spreading out papers, while a smaller desk may work best for reading documents and making phone calls. If you use a printer every day, place it within easy reach.
  • Seating. If you sit for long periods, invest in an ergonomic chair. Though it may cost more, it can provide better comfort and support for your back.

HOME SEARCH Did you know you could search for homes on our website? Simply click on the “Home Search” button at the top of the page, or use the “Property Search” window along the left-hand side panel. You can search by zip code, price range, area, MLS #, etc.

REMEMBER, if you are considering buying a home, either new construction or resale, we can help you as your Buyers Agent. As your agents, we will protect and defend your interest and advise you throughout the entire process. The agents that sit in the model homes represent the builder/seller, they do not represent you. And, the builder pays the commission! There’s no cost to you! Give us a call to find out how we can work for you!

If I can be of help to you in either buying or selling real estate in the Charlotte Metropolitan area, please contact me, Debbie Arriero. In the meantime, please check out these resources:

Have a GREAT day!

Debbie

Arriero Realty – “Treating You like Family.”

Visit us on Facebook – www.Facebook.com/ArrieroRealtyInc

Debbie Arriero, Office (704) 451-3895

www.PropertiesinCharlotte.comhttp://twitter.com/UNC_NCSU_Mom

BROUGHT TO YOU BY YOUR REALTOR®, A Member of the Council of CERTIFIED RESIDENTIAL SPECIALISTS

 

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