Eliane Consalvo - LAER Realty Partners



Posted by Eliane Consalvo on 2/18/2018

Thereís many different reasons why you might want to consider choosing a mortgage payment over a monthly rent check. But thereís also a few drawbacks to buying a home. One big obstacle is that of the down payment. When youíre renting a property, thereís a lower amount of money that youíll need to come up with in order to secure a place to live. With a 20% down payment required to buy a home, saving for that down payment seems a lot more daunting than renting. Thereís so many financial advantages to owning a home.  With quite a few factors to consider, buying a home may not be so far out of reach for you. 


Rates Are Low


Even though mortgage rates fluctuate from time to time, theyíre still low enough that it makes sense to buy a home and make it a much cheaper monthly cost than renting.  


Rental Rates Are Not Guaranteed


Your rent is not guaranteed to stay the same over time. The price can go up after the lease ends. Another problem with renting is that the landlord can decide that he wants to make improvements to the building at any time, even improvements that youíll be required to move out for. You could end up in a bind fairly quickly if youíre put in this situation. 


If you buy a home, the only change to your expenses would be if you choose an adjustable rate mortgage or if thereís changes in property taxes and insurance rates. Your expenses are more predictable when you buy a home. 


Youíll Build Equity When You Buy A Home


One of the top reasons to buy a home is to enable you to build equity. Over time, youíll have a piece of property that will provide cash that youíll be able to tap into when needed. Home equity doesnít replace the other ways that you save, but youíll have another source of financial backing. Your monthly mortgage payment is in essence going into the ďbankĒ of your future. 


Thereís Plenty Of Tax Breaks For Homeowners


This is one known financial benefit of owning a home. The initial years of your home ownership mainly go towards paying down the interest on the home. The good news is that this expense is tax deducible. Also, youíll benefit financially when you sell your home as you wonít have to pay tax on gains you have earned if you live in your home for at least half the time within the 5 years before you sell. Home insurance and mortgage insurance are also tax deductible. 


While the idea of buying a home may seem like a feat, financially, itís a smart decision. When youíre renting, you donít see a return on the monthly check that you shell out. If you own a home, you own it and itís your to do with as you please. You get out of your home what you put into it. 





Posted by Eliane Consalvo on 2/11/2018

Your home's wood floors have experienced heavy foot traffic over the years. As a result, they are scratched and battered and must be improved before you can add your home to the real estate market. Unfortunately, it may prove to be costly to have a professional floor refinisher remove wood floor scratches. And as a home seller who has already invested in a number of home repairs, the last thing you need is another hefty home repair bill. So what does it take for home sellers to remove wood floor scratches on a budget? There are many fast, cost-effective ways to eliminate scratches on your wood floors, including: 1. Disguise the Scratches. You may be able to use a crayon or marker to camouflage your wood floors' scratches. Wax sticks also are available at just about any home improvement store and contain stain and urethane that can help you cover up scratches and safeguard your floors' finish. In addition, you may want to try mixing colors to find the right combination to match the color of your hardwood floors. But remember, hardwood floors boast a combination of hues and tones. Therefore, even if you're unable to find the right blend of colors, you should be able to cover up white scratches instantly if you apply similar colors from crayons, markers or wax sticks. 2. Leverage a Combination of Vinegar and Olive Oil. Using a mixture of vinegar and olive oil may help you minimize scratches on your wood floors as well as transform your ordinary floors into dazzling ones. Typically, you'll want to pour a mixture that is equal parts vinegar and olive oil onto the affected area of your wood floors. After 24 hours, wipe off the mixture, and you should notice a significant improvement. It is important to note that this mixture won't deliver instant results every time. However, applying a new coat of vinegar and olive oil onto an affected area of your wood floors over the course of several days may help you eliminate scratches altogether. 3. Use Sandpaper to Your Advantage. Lightweight sandpaper may prove to be an ideal option to fix wood floor scratches. For instance, you can sand the affected area of your wood floors, use wood filler on this area and seal the area accordingly. This may allow you to enhance the appearance of your wood floors and ensure they look brand new. Keep in mind that you may need to sand, fill and seal an affected area of your wood floors a few times to eliminate scratches. But home sellers who remain persistent can use sandpaper to their advantage and minimize scratches on their wood floors without delay. Getting your home ready to list on the real estate market sometimes can be tricky, but your real estate agent can help you find ways to help your residence stand out in a competitive real estate market. In fact, this real estate professional can offer expert insights and ensure you can find ways to maximize the value of your house. Work toward improving the wood floors in your home, and you may be able to speed up the process of selling your residence.





Posted by Eliane Consalvo on 2/4/2018

Buying a home should be an unforgettable journey, one that enables you to purchase a high-quality house at a budget-friendly price. If you start planning for the homebuying journey today, you may be able to reduce the risk of encountering homebuying hurdles as you attempt to acquire a first-rate house.

Ultimately, there are many important decisions for homebuyers to make before they enter the real estate market, including:

1. Where Do I Want to Live?

As a homebuyer, you'll want to know where you want to go so you can map out your property buying journey.

Consider your current and future plans before you enter the housing market Ė you'll be glad you did. This will enable you to consider where you'll be in the next few months and years and plan accordingly.

For example, if you currently work in the city and intend to stay at your present job, you may want to search for a home that makes it easy to commute to work.

On the other hand, if you plan to start a family in the foreseeable future, you may want to consider purchasing a home near various top-notch parks and schools.

2. How Much Can I Spend on a House?

You know that you'd like to become a homeowner, but how much can you afford to pay for a residence? Meet with several banks and credit unions, and you can start budgeting for a home.

Banks and credit unions can help you get pre-approved for a mortgage. Then, with a mortgage in hand, you can enter the real estate market with a good idea about how much you can spend on a residence.

Many banks and credit unions are available, and they are happy to teach you about the ins and outs of numerous mortgage options. Plus, lenders will respond to your mortgage concerns and queries and help you make an informed mortgage decision.

3. Will I Need to Hire a Real Estate Agent?

If you're on the lookout for your dream home, why not hire an expert to guide you along the homebuying journey? With a real estate agent at your side, you can take the guesswork out of finding and purchasing your ideal residence.

A real estate agent will provide expert support at each stage of the homebuying journey. As such, he or she will help you set realistic expectations before you begin your search for your dream house.

Perhaps best of all, a real estate agent will set up home showings, keep you informed about new properties as they become available and negotiate with home sellers on your behalf. This housing market professional will even offer expert real estate insights that you might struggle to obtain elsewhere.

When it comes to purchasing a house, there is no need to leave anything to chance. Fortunately, you can hire a real estate agent to help you along the homebuying journey and simplify the process of going from homebuyer to homeowner.




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Posted by Eliane Consalvo on 1/28/2018

When youíre searching for a home, perhaps the price of the house isnít as important as the overall affordability of the neighborhood itself. While you have a long wish list of what you want for your property, if you search by neighborhood in order to help you fit your budget, your search may be much easier and help you turn up with a more affordable house.


Look At The Price


This seems obvious, but we mean that you should go a bit deeper. The list price of a home and reality could be two very different things. A house could be underpriced or overpriced based on the surrounding properties in the neighborhood. If you do a little research, youíll be able to see what the going price for similar style homes is in the area and make a judgement based on that information. 


Donít Stick To One Neighborhood


You should take a peek around and look outside of the certain neighborhood that you find to be the most desirable. If you look just a few streets away, you could find out that the prices are better and the benefits of the area are the same. 


Youíll choose your neighborhood based on what youíre looking for in your lifestyle. If you prefer to go out to eat, youíll need to know what types of restaurants are nearby. If you like to walk in the park, being close to parks and recreation is of course important to you. 


Know The Phrase Up-And-Coming


This description of a neighborhood can sometimes seem like a bit of a reach, but many times it turns out to be true. Once undesirable neighborhoods may become the place people want to be after a certain amount of time. The problem with this is that no one can be sure as to exactly how long this will take. Potential warnings for properties described as being in an up-and-coming neighborhood would be:


  • Thereís low sales in the area
  • The value of the properties has actually been decreasing
  • Thereís little access to grocery stores, restaurants, and entertainment


Overall, use your judgement when it comes to whatís described as a neighborhood waiting to be gentrified. You could buy your own piece of gold, or you could be on the search for a dud.


Check Your Commute Times


Match the cost of different homes that youíre looking at with the reality of the commute times that you and your family are facing. How far are the kids from school? Will you be closer to work? Will it cost you more to get to and from work in the new location? While your commute costs arenít exactly directly correlated with real estate, itís definitely a part of your regular budget. You also donít want to add a lot of time to your work commute if you can help it. 


These tips should help you to make an informed decision about what neighborhood to buy a home in that will be the most cost-effective for you.





Posted by Eliane Consalvo on 1/21/2018

Adding a house to the real estate market should be simple. However, a home seller must consider various factors before listing a home, or risks missing out on opportunities to stir up interest from potential homebuyers.

Some of the top factors to consider before you list a residence include:

1. Your Home's Interior and Exterior

Ultimately, your home only gets one chance to make a positive first impression on homebuyers. If a home seller dedicates the necessary time and resources to update a house's interior and exterior, he or she may be able to increase the likelihood of a quick home sale.

To improve a house's interior, it is important to declutter as much as possible. Remove any non-essential items from a home; these items can be sold at a garage sale or online or put into a storage unit until a home sells.

Furthermore, to enhance a home's exterior, a home seller should mow the front lawn, trim the hedges and perform assorted home exterior maintenance projects. With a dazzling home exterior, a home seller can help his or her residence stand out from other available houses.

2. The Local Housing Market

How does your home stack up against the competition? Study the local housing market closely, and you should have no trouble establishing a competitive price for your home.

Examine the prices of available residences that are similar to your own. Also, take a look at the prices of recently sold houses in your city or town. With this housing market data in hand, you can understand whether you're preparing to operate in a buyer's or seller's market and price your residence appropriately.

3. Home Appraisal Results

When it comes to getting a home ready for the real estate market, it never hurts to conduct a home appraisal.

During a home appraisal, a property inspector will assess a house's condition. After the appraisal is finished, this inspector will provide a homeowner with a copy of a home appraisal report.

A home appraisal report offers valuable insights into a home's condition and enables a home seller to prioritize myriad home improvement projects. As such, the report may help a home seller find ways to enhance a residence before he or she adds it to the real estate market.

Lastly, if you're looking to list a house in the foreseeable future, working with a real estate agent is key.

A real estate agent is happy to help you prep your residence for the housing market. He or she will offer honest, unbiased home selling recommendations and ensure you can upgrade your house as needed. Plus, this housing market professional will set up home showings and open houses, negotiate with homebuyers on your behalf and do whatever it takes to help you sell your residence.

Get your house ready for the real estate market Ė consider the aforementioned factors, and you can transform an ordinary residence into an awe-inspiring home.




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