Actual national home inventory displayed an increase between February 2012 and March 2012, as well, and the average days on the market for a home decreased from 111 days to 89 days in that same month span, which are other positive indicators.  While median list prices vary across national markets, the data collected by Realtor.com indicated a slight upward swing, causing many a home owner to take note.

If you are considering buying a home or selling your current home, these statistics can provide insight into the current real estate market.  Combining these statistics with historically low interest rates (3.88% for a conventional 30 year mortgage last week), could help you in determining your decision. To get more details on the study and comparisons to previous months and years and see the actual graphing trends, please click here.

While this process is one you can research on your own or with the help of an adjuster from your insurance company, you may find that turning to an additional public adjuster for aid in documenting your insurance claim to be very helpful. A public adjuster works independently from your insurance company and can evaluate your home and damage and coverage to determine the best means of reporting your loss.

Here are some steps to follow when hiring a public adjuster:

1. Only interview and hire an adjuster who is licensed and ask about their level of experience.
2. Make sure you speak directly to the adjuster who will be evaluating your loss each time you call regarding your property, to lessen the risks of misunderstandings.
3. Question the adjuster’s experience and credentials and call past client referrals and ask for details. Your adjuster should be willing and able to supply you with this information easily.
4. Double check that the adjuster you are working with is local and will work with any contractors you want to hire, if necessary.  Ask if they will help you in calculating living expenses, if applicable, or just with damage estimation.
5. Educate yourself.  Since public adjusters work on contingency fees ranging from 5% to 15% of the insurance proceeds, it is wise to negotiate these fees and have them defined in a signed contract.

If you want to learn more, click here.

Before you start to spring clean, open up the windows so air can circulate throughout your home.  This will help remove any mustiness and you can use candles, essential oils, and other room fresheners to add a pleasant scent to your home.

Look at your walls and surfaces and use a melamine sponge to wipe away anything from soap scum to marker or crayon.  You will be amazed at how easily the dirt is removed with the sponge and a little water.  A popular brand of sponge is the Magic Eraser by Mister Clean, but there are many on the market today that act in the same way.

For the most painless and fast dusting method, use a microfiber cloth to capture the dust most effectively.  Follow up your dusting with a quick run of your vacuum, to clear away any particles that may have settled.  You can also reduce the amount of dust in your home by cleaning any filters on circulation systems in your home.

Remove the dust from curtains in your home by dry-cleaning or washing them (be sure to follow the label instructions) before rehanging.  There are many tools available for clearing dust from other window coverings, so spend a few minutes researching techniques here, if you have a question about the quickest method.  If you have a shower liner, add it to your laundry load.  Just make sure you allow it to air dry rather than dry in the dryer.

Hopefully these tips will inspire you and help you to get your home “Spring Clean” whether for your enjoyment or because you have a home for sale.

When selling your home, your appraisal can affect the home sales price, so make sure you know your “comps.”  ”Comps” are simply market comparisons that reflect other homes that have sold in your neighborhood, zip code, and area.  Review these comparisons by calling us for comparisons BEFORE your appraiser visits to make sure that all recently sold homes are included in the current statistics.  Often homes sold as For Sale By Owner (FSBO) may not be included by appraisers, which can alter statistics they use to determine your home’s value.

Next, look at your home as though you were a home buyer, as checking that your home appears well-maintained is vital.  Spend some time cleaning the home entrance and painting as necessary to spruce up the entry, making your best first impression.  The rest of your home should be clean and clutter-free, as well.

More importantly though, you need to create a “value-added” list of things that make YOUR home distinct.  Whether it be its size and views, or the condition of your property as compared to others in your neighborhood or any upgrades you may have made, these need to be explained to the appraiser.  Be sure to be respectful as you review these and other details regarding your property.  Review the information the appraiser has brought and suggest revisions if needed to account for changes you have made or errors in the report regarding your location (check the zip code!).

Once completed, an appraisal may take several weeks before you can request a copy.  It is wise to do so, however, to verify that the appraisal is accurate.   Ask your lender and follow the appropriate appeals process if you feel there are errors or omissions that would affect your property’s value.

As you consider it you may feel 100% prepared to move forward, however even if not, you will appreciate the time you took to hesitate.  You may find that the home you have chosen is not the best fit for you and find a different and even better home.  If you are considering a historic home purchase or just trying to decide if you should begin making changes in your current home, the following tips may help you feel confident in your choice.

First, consider the structure of your historic home or hire an inspector or licensed contractor to do so. Make sure a complete and thorough examination is done. Water damage or dry rot to the framing and foundation could end up resulting in a very labor and cost intensive project. It is much less devastating to walk away from your potential new home paying only the inspection bill than it is to buy a home in need of repairs that exceed your budget.  Prior to initiating repairs, consider the historic value and materials used in the original construction of the home, and then proceed with like materials. Provided you have the resources, all repairs should be considered as “restorative” and use original materials.

If you will be living in the home, evaluate whether your “new” home will meet the current needs of your family. Often smaller rooms and less bathrooms are typical in historic homes, however you can choose to remove walls and windows or adapt them to create a better suited floor plan, while still maintaining the original intent of the initial homebuilder. Some of these issues may seem more difficult to solve, and may even cause unexpected emotions to flare depending on the importance to the parties involved, when discussing home features. In such situations, it may be wise to evaluate all alternatives and work out a compromise or other option prior to doing the work.

Historic homes can be quite beautiful and definitely worth the expense and love required to restore them. Your finished project will bring a smile to your eyes and warm the hearts of others who visit your home in the years that follow.  Most importantly, though, you will be happy with your decision to purchase and restore your home, knowing you did your homework first.

Once you’ve gotten a bit acquainted with your new home, get to know the block better by taking a walk along your street. You are sure to meet a few neighbors who are curious about you within a few minutes. Over a few days, your walks will encourage even more people to come out and meet you and soon you will be one of the “regulars.” Find out as much as can about your neighborhood’s “flavor” by asking open-ended questions and listening to the answers.

After you’ve established yourself, find a time to invite your new friends over. Keep it simple with regard to decor and party preparations and host a get-to-know-you gathering or even a BBQ for your neighbors. Play group games such as 20 questions to discover hobbies and occupations or have a funny story contest. You may find out unique ways to get involved in your local community or that you have a lot in common with the man six doors down the street. Regardless of what is revealed through conversation and group interaction, you will feel more at home once you’ve shared a part of your life with your new neighbors and you’ll have contributed to creating a better community.  If you want to learn more about places and news, share an idea, or just “be a better neighbor” in your community, logon to EveryBlock.com.

Geothermal Heat Pumps allow your home to be heated using the earth’s constant temperature instead of the outside air temperature and can reduce your energy costs. Most pay for themselves within 5-8 years and can last for more than twenty-five years. Learn all about the various options and models to consider here.

Solar Energy Systems for your household hot water needs are another eco-friendly option to consider! While the energy credit does not cover heating the water in your swimming pool or hot tub, considerable savings can still be seen with solar installation. Click here to read more about available water heaters.

There are several systems to consider when exploring ways to power your home while being energy efficient. The following systems all qualify for a 30% tax credit, some with no upper limit, so consider which alternative source may be the best for your home. All of these credits are available on your primary residence and some can even be used on a secondary residence as well.

Prior to embarking on finding a solution, however, you should do a survey to determine the total electricity consumption of your home.  Photovoltaic Systems, Small Wind Turbines, and Fuel Cell Systems are all great resources (though a bit more pricey) for creating and providing your own energy to get “off the grid.” There is plenty to consider when exploring these solutions, so make sure you do the research first to see what will work best for your home.

“CLOSING” - Closing refers to the final steps in securing a home purchase.  When a property is sold, it is referred to as “closed.”

“OFFER” - Buyers “offer” a contracted rate on a home for sale. A seller may receive many “offers” and is not required to accept any.  This is why when a home buyer finds their dream home, it is important to get the “offer” in quickly.  Full price “offers” are looked upon favorably, but even “offers” of up to ten percent beneath the asking price may be an acceptable practice, too.   There are several variables to discuss with a knowledgeable real estate agent before submitting a low “offer,” however, so do your homework.  Comparing a home to others in the local market and recognizing the length other homes have been listed are helpful to consider prior to submitting or accepting any “offer” in real estate.

“DEPOSIT” - The “deposit” or earnest money pledged with an “offer,” illustrates a commitment from the buyer to the seller.  Generally the “deposit” amount is determined based on a percent of the home’s purchase price and applies to the final purchase price of the home for sale. This deposit is held “in trust” until the purchase is completed. As a potential home buyer, your “deposit” will only be accepted if your “offer” is accepted. Occasionally a home buyer decides not to move forward with the home sale which can result in the loss of the “deposit.”

“CONTINGENCIES” - Contingencies are requirements outlined in the contract that must be fulfilled prior to “closing,” often relating to financing or the house inspection. Contingencies generally last for 30 days, although the time frame depends greatly on market conditions.

“CONTRACT” - When a home seller accepts an “offer,”  the “contract” is then created.  A legal and binding document which guarantees the buyer will purchase the property when all contingencies are met. Transaction details are included in the contract, such as the property selling price and description, any important dates and contingency clauses.

“CLOSING STATEMENT” - Required by the Department of Housing and Urban Development to ensure accountability of all finances relating to the sale and purchase of a home.  Real estate commission,  escrow  securities and deposits, and any other fees must be outlined in this document. The buyer and seller will each receive a copy of the “Closing Statement” per the Real Estate Settlement Procedures Act prior to “closing.”

“CLOSING COSTS” - These are the actual costs of “closing” and include securing title, loans, appraisals, credit reports, inspections,brokers, taxes and document preparation.

Hopefully this tutorial has helped you feel a little more familiar with real estate terms, so that whether you are buying or selling a home, you can feel a bit more at ease.

• Befriend a  neighbor.  A formal Neighborhood Watch program may not be instituted on your block, but you are bound to have a neighbor willing to watch over your home while you are away.  Request that they notify you or the police if something alarming occurs.
• Do not tell the world about your vacation plans until after they are complete.  Your voice mail, Facebook, Twitter, & other social networking websites provide information to sources that may not be your “friend.”  Do not leave notes on your front door, trashcans or mailbox, either.
•  It’s always best when your home appears to be occupied while you are away. Timers and volunteer police patrols can be utilized, and newspapers and mail can be placed on hold, unless you have a large, locking mailbox. You could also ask a friend to visually check-in on your home.
•  Try using a deadbolt or locking mechanism on your garage door while you are away for long periods of time and secure any pet entrances.
• Remember that a well-maintained and well-lit home with timed lights and motion detectors can be a deterrent, as can loud dogs.  Please take note that if you have a pet, you will also need to  plan for its care while vacationing.

When you return, be sure to begin all suspended services again. You will also want to  thank those who watched over your new home so they will feel so inclined when your next vacation comes up.