Lynn D'Avolio
Coldwell Banker Residential Brokerage | 801-597-2857 | lynn1@soldbylynn.com


Posted by Lynn D'Avolio on 1/19/2016

There are many places all over the internet you can search for property for sale; but this website is different. There are few that have the power and capability that this site has. The property search on this website will keeping you up-to-date on the latest listings. This is imperative whether you are a buyer or a seller. It will help you keep the pulse of the market. Here are a just a few of the reasons to never look for property anywhere else... 1. The listings are continuously updated every 15 minutes around the clock. 2. You can personalize your property search by clicking on any MLS Property Finder icon. 3. You can compare current homes for sale to those that have already sold. 4. You can search by distance, to see what homes are available in a particular area. 5. You can search the WalkScore to see what else is available in the area. 6. You can create multiple searches whether you are searching for a single family, condo, land or multi-family it is all in one powerful search. 7. You can easily save properties so you can access them at a later point. 8. The photos are large and let you easily see what the home looks like. 9. You will get more information that most sites (bedrooms, bathrooms, description and other details). 10. You can search easily from your desktop or mobile device.





Posted by Lynn D'Avolio on 12/15/2015

Home prices are at rock bottom and mortgage rates at all-time lows so you may be considering going from renter to homeowner. If you are planning on staying put for a while the choice makes sense. There are a few things to take into consideration before you make the leap from renter to owner. First, you will need to determine how much you can afford. Consult with a mortgage professional to help you determine what kind of mortgage you qualify for. Just because you pay $1,000 a month in rent, doesn't mean you can handle a $1,000 monthly mortgage payment. There are more costs to owning a home than just the mortgage payment. As a homeowner you will also be responsible for property tax, home insurance, utilities, and repairs. To prepare for those costs plan on adding about 40 percent to your base cost. So, if your mortgage is $1,000, add about $400 a month for a better estimate of costs. Before you make a rash decision see if you really can afford the cost difference. Once you know the cost difference spend a few months depositing the difference between your rent payment and your cost estimate in the bank. In the previous example you would deposit $400 a month into savings. If you've been able to keep up the deposits and pay your other bills, that's a sign you can afford to buy. Now that you have been saving more you have more money to put toward the down payment of your new home. These are just a few tips to get you started. Once you have a better financial picture it will be time to start shopping. That is when the fun begins.





Posted by Lynn D'Avolio on 9/15/2015

If you have a water well in your home or you are considering buying a home with a well there are some things you need to know. When purchasing a home with a well the Environmental Protection Agency (EPA) recommends an initial water quality test. The test should include coliform, bacteria, nitrates/nitrites, and pH. Additional recommendations for well testing include arsenic, lead, copper, radon, a gross alpha screen, and volatile organic compounds. While living in the home the well should be tested annually. If the home has a water treatment system, a test should be done on both the raw water coming into the house before the treatment system and after the water has passed through the treatment system. This will identify contaminants in the water and ensure the treatment system is functioning properly. If the home is being financed with an FHA or VA loan, the lender will most likely require a well test. The FHA Scan tests for coliform, lead, nitrates and nitrites. Prospective buyers should also hire an independent professional to have the water tested at a state certified lab. For more information on drinking water quality standards, visit EPA's website: www.epa.gov/safewater. In addition to a well quality water test, the mechanical workings of the water system should also be inspected also known as a quantity test. The pump, pressure tank, water treatment system, condition of the area around the well, and the well's proximity to potential contamination sources will all be examined.





Posted by Lynn D'Avolio on 8/25/2015

Is it a seller's market? A buyer's market? Depends on the day and which media outlet you happen to be listening to. One thing is sure the market is changing. Here are some ways to know what kind of market it is: These are the signs of a buyer's market High inventory or more than six months of inventory currently on the market. Sale prices are higher than active listing prices. Lower closed sale numbers. Declining median sales prices. Higher DOM or days on the market. Here are some signs of a seller's market Low inventory or less than six months of inventory currently on the market. Sale prices are lower than active listing prices. Higher closed sale numbers. Increasing median sales prices. Lower DOM or days on the market. These are signs of a balanced market Three to six months of inventory is currently on the market. Sale prices are similar to active listing prices. Stable sales numbers. Flat median sales prices. Days active on the market are approximately 30 to 45 days. If you want to know how to figure out the months of inventory there is a simple way to do that. Take the total number of active listings and the total number of sold or closed transactions on the market last month. Divide the number of total listings by the number of total sales, which results in the number of months of inventory remaining. Then you can determine what type of market it is.





Posted by Lynn D'Avolio on 6/23/2015

The love letter is back! What is a love letter in real estate? When the market is hot and competition for desirable homes is high buyers can gain an advantage by writing the seller a love letter. You may be wondering why in the world would I write a love letter to a seller? The answer: you want an advantage in a competitive real estate market. What should I put in my love letter? Compliment the seller on their home Tell the seller why you love the home Compliment the neighborhood Make it personal Be genuine Love letters often appeal to a seller's emotions and often especially if the owner has lived in the home a while the decision to sell a home is a very emotional process. If you find yourself in a bidding war or want to land the perfect home it may be a love letter that makes all the difference.