Right at Home with All She Wrote Notes

Today the A Team recognizes Maghon Taylor, a small business owner in our community!

Maghon Taylor is the classic example of a person who has channeled her creativity, passion, and skills into creating a thriving business.  Maghon has a radiant, positive personality and is a pleasure to know.

She started her business on her IPhone 4.

After taking a calligraphy class and finding it too formal, she decided she would try to fuse traditional calligraphy methods and techniques with her own style and personal flair to make it more fun.  Thus began her “Happy Hand Lettering” classes which have now reached over 10,000 people!

This past year, due to Covid, Maghon switched gears from teaching in-person classes to focusing on the retail on-line sales side of business. 

Maghon is also a published author.  Her children’s book, Betty Confetti (February 2021) has received rave reviews.  She describes it as “an upbeat, fun-to-read children’s story about how God creates beauty from our mistakes.” She wants children to know that God doesn’t expect perfection from anyone; He loves everyone just as they are.   Maghon’s signature confetti is a great example of how she and her shredder have transformed her mistakes into something pretty and useful.

The next step for All She Wrote Notes is moving from Maghon’s upstairs bonus room into a brick and mortar storefront in Gibsonville, NC.  Maghon’s business has had phenomenal growth and she believes God has guided its growth from the beginning. She believes the world has an abundance of opportunities for everyone. When asked what advice she’d give aspiring entrepreneurs, Maghon answered, “Do not compare yourself to any other person and do not compare your business to any other business.”

Stay tuned for a Giveaway of some of our team’s favorite things from All She Wrote Notes on our Instagram page @athomewiththeateam this week!

You can find Maghon’s beautiful products and classes at: http://www.allshewrotenotes.com or on Instagram @allshewrotenotes

*Photo credit: @allshewrotenotes

TOP REASONS TO SELL YOUR HOME BEFORE SPRING MARKET

TOP REASONS TO SELL YOUR HOME BEFORE SPRING MARKET

SERIOUS BUYERS

Our team has multiple preapproved buyers,ready to make a solid offer on your home.

LOW INVENTORY

Buyers have fewer houses to choose from. Less competition means more money for you.

SPRING INVENTORY INCREASE

The supply of listings usually increases in the spring.  This means that there will be more competition for qualified buyers.  More homes on the market could mean less money for you.

STRATEGIC SELLING OPTIONS

You can sell now for more money and provide for a delayed closing or extended occupancy if needed.  You may also consider a “rent back.”

FLEXIBLE BUYING OPTIONS

By selling now, you may have an opportunity to be a non-contingent buyer during the “rent back” period, with the spring inventory increase.  This will allow you to make a more appealing offer to sellers which is critical during a multiple offer situation.

LOW INTEREST RATES

Interest rates are at a historic 60 year low. Lenders say they can’t see rates going any lower.  There is a possibility that interest rates may increase in the upcoming year.

CONTACT THE A TEAM TODAY for a FREE HOME VALUATION (336)263-4875 Call or Text or email athomewithamber@gmail.com

Getting Outbid and losing out on Homes? Strategies to Make Your Offer Stand Out and GET ACCEPTED!

CALL or TEXT THE A TEAM TODAY (336)263-4875 athomewithamber@gmail.com

Getting Outbid? Strategies to Make Your Offer Stand Out and Get Accepted

Summer is traditionally a busy time for buyers and sellers. This year has been no exception—and with lower interest rates, many homebuyers are finding the competitive environment challenging. With multiple buyers competing for properties, even terrific offers are often being outbid.

Fortunately, there are some things you can do to make your offer more attractive to the sellers and increase the chances of getting the property.

  • Have Full Pre-Approval – A step beyond pre-qualification, a pre-approval involves submitting your full application to underwriting. Your lender will collect all your financial data and submit for review. This is stronger than a pre-qualification; a pre-approval requires the buyer to provide the proof of their ability to qualify for the loan.
  • Increase the Due Diligence Money – Due Diligence Money shows just how serious you are as a buyer. The more nonrefundable skin in the game in the sellers eyes just shows them how willing you are to purchase their home.
  • Add an Escalation Clause – In a bidding war, it can be difficult to know what to offer because you want to outbid the competition without going too high. An escalation clause is one way to automatically outbid the others. The clause typically offers an amount—$1,000 for example—higher than any verifiable offer up to a specific amount. This can ensure yours is the highest offer.
  • Pay any Appraisal Shortage – When offering more than asking price, sellers become concerned about the appraisal coming in too low. If you are willing to pay over market value, include the amount of shortage you are willing to pay.
  • Remove Inspection Contingency – This option can be tricky, but if you are planning a large remodel or are willing to tackle any defects found, then you can make your offer stronger by accepting the home as-is.
  • Write a personal Letter-Often times to some sellers its not always about the money. A Warm and Fuzzy letter sharing your story can truly win a seller over in a tough market.

In this fast-moving, competitive real estate market, it’s important to make your offer stand out from the crowd. These strategies are great ways to demonstrate to the sellers that you’re serious about buying their home, increasing the chance of having your offer accepted.

For other tips or to start your home search and WIN OFFERS CONTACT THE A TEAM (336)263-4875 or athomewithamber@gmail.com

First Time Seller Tips-yes they need advice too!

FIRST TIME HOME SELLERS NEED TIPS TOO!!!

There is a lot of attention paid to first-time homebuyers. Most real estate agents and lenders have some kind of guide to help first-time homebuyers navigate their first home purchase, but what about the first-time seller?

Selling your home for the first time can be just as confusing as a home purchase, so here are a few things to remember as you navigate your home sale.

Before that first showing, it’s important to prepare. This involves not only cleaning, decluttering, and staging the home, but also learning about your local real estate market and finding the best agent for your needs.

Interview more than one agent and ask lots of questions. Learn about the services they offer: do they include professional photography, video, or virtual tours? Ask for a comprehensive market analysis (CMA) and ask each agent their suggestion for the listing price and their method for arriving at that number. Use this information to educate you and determine their work ethic and attention to detail.. However never make a decision to work with an agent on the list price they suggest. Make sure they are the best overall fit with you. Relationships are most important.

Once you have an agent, stay involved. Discuss the plan for showings and open houses. Try and be flexible to allow for as many potential buyers as possible viewing your property. Review the listing online for accuracy and stay in touch with your agent for feedback from showings.

Once you start getting offers, respond as quickly as possible. It’s not just about the price; watch for terms, such as length of escrow and contingencies, when evaluating these offers. Be prepared to move so that you can take advantage of a good offer, such as all-cash.

The most important aspect of a successful home sale is the relationship you have with your agent. Be transparent about your needs, concerns, and goals; insist that your agent do the same, and working together you will navigate through your first home sale successfully.

Home Inspection Red Flags

Home Inspection Red Flags

Most homebuyers realize that they can’t expect a perfect home inspection report when buying a resale home. Cosmetic flaws and minor repairs are easily managed and shouldn’t be dealbreakers. That said, there are some issues that are more serious and should give the buyer pause if not addressed adequately.

10 Home Inspection Red Flags

  1. LeakyandRundownRoofing–watchforsignsofcurrentorpastwater damage.
  2. PoorDrainage–drainageissuescancauseseriousdamagetothehome foundation, siding, and basements.
  3. FoundationIssues–signsoffoundationproblemscanincludecracks around doors and windows or uneven floors. Foundation problems can cost thousands of dollars to correct.
  4. PlumbingProblems–majorplumbingissuesshouldbeconsideredcarefully and further explored.
  5. PestInfestations–termitesandotherwood-eatingpestscancause extensive damage that can be hard to find and costly to repair.
  6. Mold–that“musty”smellcouldbeduetohiddenmoldandfurther investigation should be taken as mold can be dangerous to the health of the family. Depending on the type of mold, it can be very difficult to remove entirely.
  7. Faulty Heating System – a malfunctioning furnace can be a fire hazard.
  8. ElectricalWiring–faultywiringcancostthousandsofdollarstorepair.
  9. StructuralDamage–saggingjoists,rafters,anddoorjambscanbeevidenceof larger issues.

10.Deferred Maintenance – a home in poor condition could be hiding more serious issues due to chronic neglect.

Homebuyers should be alert to these issues and know the costs to repair before concluding the sale. Home sellers should address these issues before putting the home up for sale to ensure they get the best possible sales price.

What is Forbearance?

Forbearance is a temporary postponement of mortgage payments. It is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure. Loan owners and loan insurers may be willing to negotiate forbearance options because the losses generated by property foreclosure typically fall on them.

KEY TAKEAWAYS

  • Forbearance is temporary postponement of mortgage payments granted by the lender or creditor in lieu of forcing a property into foreclosure.
  • The terms of a forbearance agreement are negotiated between the borrower and the lender.
  • The borrower must demonstrate the cause for repayment postponement, such as financial difficulties associated with a major illness or the loss of a job.
  • Fannie Mae is offering assistance for homeowners with a Fannie Mae-owned mortgage who are affected by COVID-19, the illness caused by the new coronavirus.

The A Team

Have You Outgrown Your Home?

Many homeowners are surprised when they suddenly realize that “perfect” home of just a few years ago no longer suits their needs. From an expanding family to the empty nest, it’s common for a home to no longer be the right fit. If you’re unsure if you’ve reached the point where a move is warranted, here are a few signs you’ve outgrown your home.

• More Kids than Rooms or More Rooms than Kids – Life changes and our homes must change also.
• Clutter or Lack of Storage – Do you need more closet or storage space? A home with more space could be the answer.
• Home Office – More and more companies are opting for telecommuting or home office workers, if your kitchen is your office, it might be time to look for a new home with extra room for a home office.
• Outdoor Entertaining – Home design trends over the last couple decades has seen a rise in outdoor living and entertaining areas. You might have simply outgrown your yard if you crave space for an outdoor living or dining area.
• Lifestyle – The square footage might be fine, but you would prefer a different floor plan; more open, single story, more windows, etc.

Your reasons for moving will be as unique as you are, but these are just a few considerations which indicate you might have outgrown your current home. Make sure your home still meets your needs and wants, then you’ll be able to decide if it’s time to move.

Is the Investment to Make your Home a “Smart Home” Worth it for Resale?

Over the past few years, smart technology has really blossomed into a huge
market. With more-and-more devices offering connectivity and lower prices, almost all households have some kind of smart device in their home. While some smart devices are simply “nice to have,” many can actually increase the value of the home; if you are considering a move in the future, learning which smart upgrades will increase your home’s value is important.

Here are a few of the best smart home upgrades:

  • Smart Thermostats – Energy saving smart thermostats can sense when the home is occupied and vacant to control the temperature while saving energy costs.
  • Smart Smoke Detectors and Security Systems – Life saving smart security can alert you and the authorities automatically if there is a problem in the home.
  • Smart Door Locks – Either as part of the security system or stand alone, smart door locks allow you to control access to your home. Using Wi-Fi to unlock doors remotely and program unique codes for family, guests, housekeepers etc., you will always know by whom and when your home is accessed.
  • Smart Moisture Sensor – Mold has become a huge problem. Smart moisture sensors detect water leaks, humidity and temperature changes to protect your home from moisture damage.

These are just a few of the great smart home products available to make your home more attractive to potential buyers. Most starting under $250, these smart choices will not only protect your home, but add value when listing for sale.

The Home Selling Process

Are you planning to sell your home? Regardless if this is your first time as a home seller, or maybe you’ve sold many homes, understanding the selling process can assure you that things are going smoothly. Successful transactions don’t just happen; it takes experience and professionals to navigate from staging to closing.

Who Are The Experts?
• Real Estate Agent – Before you start, do your homework and find an
experienced listing agent in your area.
• Escrow Officer – Your escrow officer is a neutral 3rd party, they take the
terms agreed to by the parties and ensures they are fulfilled properly.

Timeline For Your Home Sale
• Meeting With Your Agent – Your agent will tour your home and discuss
your market value (including a comparative market analysis), timing and
financial goals in order to create a custom plan for selling your home.
• Preparing Your Home For Sale – Typically even a dated home can be
spruced up with small changes in furniture placement, fresh paint, new
lighting and/or minor repairs.
• Listing Your House – Once your home is ready for buyers, you will list your home and your agent will implement their marketing plan.
• Offers – Once receive offers, you will meet with your agent to review them
together and determine how to respond.
• Escrow Process For Sellers – The buyers will complete funding
requirements, obtain an appraisal and home inspection. As the seller you
will also complete any conditions you’ve agreed to, such as repairs or
termite work.
• Closing – Once all conditions have been completed, you will close the sale
and receive the proceeds.

The sales process is a series of steps that you and your agent will take together. Knowing what to expect, and when, can alleviate the uncertainty you might feel as a seller.

The A Team