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


Posted by Lynn D'Avolio on 6/16/2015

If you live in or are buying an older home you may be concerned about asbestos. Asbestos was banned in 1978 because of the health risks associated with it. Asbestos fibers are dangerous when inhaled.  The microscopic fibers can become lodged in the respiratory system and lead to asbestosis or scarring of the respiratory tissues. Asbestos was commonly used as a binder and fire retardant in many building products. It can typically be found in acoustical ceiling tiles; thermal insulation of boilers and pipes; steel fireproofing, cement asbestos siding and roofing; tile and sheet floor coverings. Inspectors are most concerned with what is known as friable asbestos (easily crumbled or pulverized to powder) and often recommend it be removed. It should always be removed and disposed of by a qualified contractor. Contact the Environmental Protection Agency for an updated list of qualified testing and or mitigation contractors.

 
   





Posted by Lynn D'Avolio on 6/2/2015

What is an offer to purchase? It is the written proposal to a seller to purchase real estate. In order for a real estate transaction to be legally enforceable it must be in the form of a written contract. A written proposal will specify all of the terms and conditions of the purchase. After the offer to purchase it drawn up and the buyer signs it, it is usually presented to the seller by their real estate agent. In some cases both agents will present the offer to the seller. If the seller signs as is, it will become a binding sales contract. It is important that the offer to purchase includes items such as: - The address and the legal description of the property - The sale price - The date of the anticipated sale - The amount of earnest money deposit - Contingencies: for example the ability to obtain a mortgage, home inspection, and the opportunity for an attorney to review the contract - How to make adjustments to things such as real estate taxes, rents, and utilities bills - The type of deed to be given - Any access the buyer may have to the property, for example, a final walk through inspection before the sale - A time limit in which the offer will be good for Your real estate professional will be able to help you prepare the best offer for your circumstances.





Posted by Lynn D'Avolio on 2/24/2015

When searching for a home you may want to first consider if you are looking to purchase a new or an existing home. This is a common questions that many home buyers  consider during the early stages of their home search. Some of the advantages home buyers cite as reasons to buy a brand-new house or condominium are: energy-efficiency, open layout, a warranty, the selection of appliances, flooring, paint colors and other design elements. There are advantages to purchasing both new and existing homes. The National Association of Home Builders(NAHB) has created a list of the advantages of buying a newly built home. New homes are often built in communities of new homes. When this happens all the neighbors are new to the neighborhood. This can help families form bonds of friendship that can last a lifetime. Newer homes offer more open floor plans making entertaining easier. New-home layouts often feature great rooms, higher ceilings and additional windows that bringing in more light than you would find in an older home. The appeal of owning something new can be a strong draw. Some buyers like the thought of being the first to cook a dinner in a brand-new kitchen. While others don't like the idea of having to repaint or update an older home. A new home allows a buyer to create their own home décor from the beginning. Newer homes are built for today's high-definition televisions, DVRs, computers and other electronic needs. New homes can be tailored to meet an individual home owner’s needs. There is little to no cost associated with home repair on a new home. Buyers pick the features, appliances and modern features to suit your needs.  When purchasing a new home it is truly built to the buyer's liking. Newly constructed homes are more energy efficient. They often include energy saving features such as double-pane windows, insulation and appliances which can reduce energy costs. Have you ever considered buying a newly constructed home, if so, why?





Posted by Lynn D'Avolio on 2/10/2015

When searching for your dream house a lot of emphasis is typically placed on the location, size, and style of the house; ensuring everything you desire is perfectly in place.  When buying a home you can't let your emotions cloud your sense of reason.  You need to carefully examine all factors closely and perform the due diligence necessary to ensure you are making the right decision. Read Through Recent Newspapers and Archived Articles: Local news papers and other publications are a great resource for the most current information.  Archived news articles on the other hand may alert you to past issues or on going controversy in the area.  A little extra time spent reading will pay off in a long run when compiling your pros and cons list. Talk To The neighbors: The residents of the neighborhood are the best source of first hand information.  Getting a feel for the neighborhood's demographic will help determine if it is the correct environment for your family. Confirm there is a neighborhood association or alternative platform to discuss the welfare of the neighborhood. Get Details On Recent Home Improvements: Home inspections will provide you with information on where improvements may be needed.  Determining the quality of the improvements that have already been completed is also important.  Ask to review receipts from previous renovations to help gauge the quality of the materials used and the longevity of the improvement.  For example, if the house was painted a year ago, and the receipt reveals a lesser quality paint was used, you can expect to re-paint in a year or so. Review Tax Records: A review of the past and present real estate tax records will provide you with a better understanding of the area's tax rate, and property evaluation.  It's good to know how regularly homes are evaluated and how often property taxes are increased. There is so much to consider when buying a home.  Be certain to take all factors into consideration when making your decision.





Posted by Lynn D'Avolio on 1/27/2015

Buying a home is a big decision and it will most likely become one of your greatest investments. In order to help navigate through the process you will want to assemble the right team. Think of  a group of experienced professionals as your real estate buying team. Here is a list of some of the professionals that you might want to add to your team: Real Estate Agent The real estate agent will represent you and your interests. Always make sure to discuss your agency relationship with your agent so you fully understand the relationship. An experienced agent can help guide you through the process to a successful closing. Mortgage Advisor Unless you are paying cash you will need a loan to buy your home. Your mortgage broker or loan agent who will arrange financing. Your mortgage advisor will search for different loans that match your financial situation. Real Estate Attorney This is the only member of your buying team who can give you legal advice. You should hire an attorney that specializes in real estate to review any contracts. An attorney can usually solve any surprise legal problems before the closing. Home Inspector A home inspector's job is to go through your prospective home a complete physical. A home inspector is an objective third party who will produce a report detailing the condition of the structure and systems of the house. Putting the right team together is critical. If you need help assembling a team your real estate agent can provide you with a list of names or ask your friends and family for referrals.