Tony Economou - RE/MAX Advantage I



Posted by Tony Economou on 12/14/2017

Adding a condo to the housing market may seem difficult at first. Lucky for you, real estate agents can help you streamline the process of listing your condo, stirring up interest in your property and ensuring you can maximize its value.

What does it take to find the right real estate agent to sell your condo? Here are three questions that you should ask a real estate agent before you hire this professional to sell your condo:

1. Have you sold condos in the past?

When it comes to selling a condo, it is always better to err on the side of caution. Therefore, you may want to consider hiring a real estate agent with condo selling experience over a real estate professional who exclusively sells homes.

A real estate agent with condo selling experience may be able to offer insights that you won't receive elsewhere. For example, this real estate professional may be able to provide tips to help you enhance your condo without the risk of violating homeowners' association (HOA) rules.

Plus, a real estate agent with condo selling experience will understand how to manage home selling challenges that may arise. This housing market expert will be able to address such challenges quickly and limit their impact on the condo selling process.

2. What approach will you take to sell my condo?

As a condo seller, your goal is to sell your condo as quickly as possible and ensure you can get the best price for your property. Meanwhile, you should find a real estate agent who shares your goal and will do everything possible to promote your residence to the right groups of property buyers.

Initially, a real estate agent should learn about your condo selling needs. He or she will listen to your condo selling concerns and ensure you are fully supported throughout the condo selling cycle.

A real estate agent should be ready to promote your condo in a variety of ways too. From social media posts that highlight the size and beauty of your condo to open houses that enable property buyers to check out your residence, a real estate agent should go above and beyond the call of duty to showcase your condo.

3. Why should I hire you?

No two real estate agents are identical, and as such, you're sure to hear lots of different responses to this question. Consider a real estate agent's answer closely, and if you are satisfied with the response, you may want to move forward with this housing market professional.

For home sellers, it is essential to collaborate with a real estate agent who makes you feel comfortable. This real estate professional will communicate with you regularly and keep you informed at each stage of the home selling process. As a result, you'll never be left in the dark as you move closer to selling your condo.

Ready to sell your condo? Use the aforementioned tips, and you can hire a great real estate agent to help you simplify the condo selling process.




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Posted by Tony Economou on 12/7/2017

While home remodeling can be about getting your home some major cool points, you really want to be focused on the home remodeling projects that will provide you the greatest amount of return on your investment. There are certain home remodeling projects that just arenít worth it. Others will help the value of your home truly soar. Itís important to invest your money carefully and thoughtfully. If you know that youíre moving in the near future, you may not even want to undertake remodeling projects for fear that they wonít be worth it. There are certain projects that are absolutely necessary for you to complete if you hope to get the top value for your home. You donít ant to put in thousands of dollars with no sign of return for your investment. 



Think Simple


You donít need to get complex when it comes to remodeling your home. Take a look at what needs help on the surface. This will include things like new kitchen countertops, replacing sinks, cabinet refacing, or floor retiling. Donít bother with huge structural changes to the home. Also, keep in mind that someone else has a different taste than you. Keep things neutral. You might love a bright yellow kitchen, but itís certain that the next owner will probably have a different preference. 


Work With What You Have


While you may wish that you had a lot more space and hope to put an addition on the home, the next owners could have a different vision. While there will be more square feet of living space, many buyers look at a homeís potential for them. Thereís no sense in starting a bunch of huge construction projects that will only become a costly source of stress. 


Make The Necessary Repairs


Buyers will love a home that has a fairly new roof over one that will need a roof replacement within a couple of years. You should fix the things around the home that need to be tended to. This includes window replacements, roofs, electrical outlet work, and major yard issues. 


Donít Forget The Outdoors


Itís important for your home to look good from the outside as well. Buyers appreciate a home that has been well taken care of. Take the time, money, and effort to keep up your lawn and outdoor landscaping. Planting some greenery around can never hurt. While new owners may have different tastes than you, itís always a bonus to move into a house and have a little less work to do on the outside!





Posted by Tony Economou on 11/30/2017

A real estate agent is a must-have for homebuyers, particularly in a highly competitive housing market. However, it is important to understand what it takes to work with a real estate professional to ensure you can enjoy a fast, seamless homebuying experience.

What does it take to get the best results from the homebuying journey? Here are three rules to follow so that you and your real estate agent can work together to find your dream house.

1. Establish Realistic Homebuying Expectations Before You Begin Your Home Search

Buying a home can be a long, costly process if you're not careful. But with the right real estate agent at your side, you can simplify your house search.

Ultimately, you should work with a real estate agent to establish clear-cut homebuying expectations before you embark on your search for the perfect residence. This will enable you and your real estate agent to work together to achieve a common goal.

With realistic homebuying expectations, you'll be able to help your real estate agent understand what you'd like to find in your dream residence. Meanwhile, your real estate agent can get to work and keep you up to date about available homes that will meet or exceed your expectations.

2. Understand Your Real Estate Agent's Role in the Homebuying Process

A real estate agent should define his or her role in the homebuying process. That way, you'll know exactly what to expect as you go from homebuyer to homeowner.

Typically, a real estate agent will set up home showings, negotiate with home sellers on your behalf and offer honest, unbiased homebuying recommendations. He or she also should be available to respond to your questions throughout the homebuying journey.

Your real estate agent will be happy to assist you in any way possible. By doing so, he or she will make it simple for you acquire to acquire your ideal residence at a price that matches your budget.

3. Ensure That Both You and Your Real Estate Agent Are Comfortable Working with One Another

Communication plays a key role in the success of a homebuyer and his or her real estate agent. If you keep the lines of communication open with your real estate agent, you should have no trouble staying on top of the housing market.

In most instances, a real estate agent will be able to keep in touch with a homebuyer via phone, email and text. At the same time, you should try to remain available to your real estate agent as much as possible.

With ongoing communication with your real estate agent, you'll be able to stay informed as new properties become available that fit your homebuying criteria. Furthermore, your real estate agent can help you alleviate stress by listening to your homebuying concerns at each stage of the homebuying journey.

Many real estate professionals are available in cities and towns nationwide. Start your search for a real estate agent today, and you can move one step closer to discovering your dream home.




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Posted by Tony Economou on 11/23/2017

Adjustable rate mortgages are also known as ďARMĒ loans. These are home loans with monthly payments that move up and down along with interest rates and the market. Thereís different periods that occur throughout the time of the adjustable loan including an initial period where the rate is fixed for a certain amount of time. The rates will change along with preset intervals of change. 


Rates Start Lower Than Fixed Rate Mortgages


Interest rates during the fixed rate period of an adjustable mortgage are usually lower than that of fixed-rate mortgages. The most common type of adjustable rate mortgage is called the 5/1 ARM. This means that the rate is locked for a total of 5 years before it becomes truly adjustable. After the 5 years the rate will change every year. Other forms of ARM loans are the 3/1, the 7/1, and the 10/1.


Rate Indexes And Margins


Following the fixed-rate period, the interest rate adjusts with whatís titled the index interest rate. This rate is set by the market and is released periodically by an independent party. Since there are a variety of indexes, your loan will state which index your adjustable rate mortgage will follow. To set your exact rate, your lender will look at the index and then add a number of percentage points that has already been set in place. This is called the margin. For example, an index rate of 2.5 percent and a margin of 2 will equal an interest rate of 4.5 percent. As the index changes, this number will go up and down.


Adjustable Rate Mortgages Come With Caps


If you do decide to go with an adjustable rate mortgage, you should know that youíre protected from extreme rate increases. These loans come with caps that limit the amount that both rates and payments can change by. There are several different kinds of caps including:


Periodic Rate Cap

This limits the amount that an interest rate can change from one year to the next.


Lifetime Rate Cap

This type of cap limits how much the interest rate can change overall throughout the life of the loan. 


Payment Rate Cap

This limits how much the monthly payments can rise over the life of the loan in a dollar amount. This is different than other caps, since it denotes dollars instead of percentage points.


Is This Type Of Loan For You?

Adjustable rate mortgages can be good, depending on the state of the economy and your own financial situation. Stay educated and shop around in order to get the best rates available for you.





Posted by Tony Economou on 11/16/2017

Sooner or later, just about everyone invests in a major home remodeling project, like redoing a bathroom or updating a kitchen. Those kinds of changes almost always have a transformative effect on the appearance, value, and marketability of your house.

However, if you own a recently built home or simply aren't ready to spend $15,000 (give or take) for a major remodeling project, then there are still plenty of less expensive ways to make big improvements.

A piecemeal, but cohesive approach to upgrading and redecorating your home can spread out the cost for you, without having to wait years to enjoy the results. The perfect example is replacing outdated kitchen counter tops, sinks, and/or cabinets. If your kitchen cabinets look like they've been around since the era of black-and-white TV, then it might be time to replace or reface them. Refacing cabinets is an option many people consider because it's typically less expensive and time consuming than a full replacement. The finished result, however, can be almost as impressive as getting new cabinets. With a little imagination, small touches like a new back splash, cabinet pulls, or even a fresh coat of paint can breath new life into the appearance of your kitchen area.

But Where to Begin?

If you're unsure what area of your home to prioritize for redecorating or remodeling, the kitchen is often a good place to start -- especially if it's a frequent gathering place for family and friends. Bathrooms are another area of the house that are typically in dire need of some TLC. If one or more of your bathrooms are looking outdated and worse for the wear, there are many ways to spruce it up without having to spend a bundle of money. Repainting the walls and ceiling, installing a new sink and vanity, or even putting in fancy new faucets can help invigorate a tired looking bathroom.

Here's a simple fix: Replacing faded old bath towels with fluffy, colorful new ones is another small, but effective way to upgrade the look and feel of your bathroom. Another inexpensive way to upgrade the appearance of your bathrooms is to clean the dirty, discolored grout between your tiles. You can either hire a professional service to get it done or tackle the job yourself.

From a curb appeal standpoint, some relatively inexpensive enhancements you can make include repainting your front steps, replacing an old front door with a snazzy new one, or simply washing the outside of your house and windows. It doesn't take more than a few seasons of weather changes and other conditions for environmental pollutants, pollen, dust, bird droppings, and splatters of mud to give your house a very unappealing grunge look!

If your home improvement budget is too tight, right now, to invest in new counter tops, bathroom vanities, new kitchen appliances, and cabinet work, remember that a series of small changes done over a period of time can significantly enhance the appearance and beauty of your home -- both inside and out!
 







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