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4 Things You Absolutely Must Get Rid Of Before You Move

So you’re moving, and on your verrrrrry long moving-related “to-do” list is that old favorite: packing. Did you just let out a big sigh at the thought? Us, too. Face it, it’s no fun. Actually putting stuff in boxes isn’t the hard part for many people; It’s the dreaded sorting and decluttering and getting rid of stuff that sends many into a panic. Take a deep breath and we’ll get through these tips together.

First, use this advice from Rent.com as an overall rule of thumb: “For one, if it’s damaged, it should be thrown away, no exceptions. Also, if it’s spent more than six months unused, you likely won’t miss it if you get rid of it. For clothes, if you haven’t worn a garment in over a year, it should be donated– that way you don’t get rid of seasonal clothes you may need in a few months.”

Now, let’s break down the specifics.

Paperwork

If you’ve got boxes and boxes of old receipts and taxes and printed emails dating back to the turn of the century, it’s time to dive in. “Keep everything for seven years” is ingrained in many of our brains, but, according to financial expert Suze Orman, that’s not necessary. She says the only thing that needs to be kept for seven years are records of satisfied loans. Income tax returns only need to be kept for three years (can we get a Hallelujah?). But, there are some reasons to keep them longer, depending on your withholdings. You can see all her recommendations here.

Mementos and heirlooms

It can get sticky when it comes to things you’ve been willed or handed down. If you feel like you need to hold on to that old antique dresser that’s been in your family for two generations – and that’s sitting in the garage because it’s not your style – or your grandmother’s china that you’ll never use, we get it. If you know you’ll never use the item as is (China? Not even for Thanksgiving?), can’t find a way to repurpose the item (Can that old sideboard be painted?), and there isn’t another family member who will take it, maybe it’s time to think about selling it. You might be surprised at how valuable old antiques and collectibles can be. And, if you’re feeling bad about selling your heirlooms, you can always donate the money to a worthy cause; that will help you assuage your guilt.

Clothes

Getting rid of clothes can be overwhelming. No one is saying you have to pare down to a week’s worth of outfits and shoes, but if you’re moving to a smaller space or just want to be more organized when you move, the closet is a great place to start.

Most experts recommend getting rid of anything you haven’t worn in a year, but if the thought of purging that many items is giving you anxiety, start by asking yourself a few questions, said The Spruce:

  • Do I love it?
  • Do I wear it?
  • Does it project the image I want to project?
  • Does it itch or scratch?
  • Does it pinch my toes? Are the heels too high to walk in?
  • Is it moldy? Smelly? Stained?
  • Does it fit?”

When you get to No. 7, take a deep breath. Many people have clothes in a couple of sizes to accommodate things like post-pizza-pigout days, but if you’re holding on to 15 pairs of pants that haven’t fit you since 2002, maybe it’s time to ditch them.

Broken, scratched or tired furniture

Old, boring, broken, or otherwise undesirable pieces you’ve been living with in your current home may not be so tolerable once you move. Your shiny new place deserves some shiny new stuff, right? If you’re not in a position to shell out a bunch of money after buying your new home, wait a bit. You’ll undoubtedly be receiving credit card offers after you close escrow; sift through them and set aside those offering 0% interest from furniture stores like Rooms to Go.

These can make big purchases easier – if you are good at managing your credit. Miss a payment or fail to pay off your balance within the allotted time and you’ll have interest accrued going back to the date of purchase plus a whopping interest rate, which can put payments out of reach. You may also receive 0% interest offers from places like Lowes and Home Depot, which can be a great way to update appliances, flooring, or countertops, and Best Buy for your electronic needs.

Position Realty
Office: 480-213-525

6 Surprising Benefits Of Buying Or Selling Your Home In The Fall

Seeing fewer for-sale signs now that summer is over? That can be great news for buyers who are looking to score a new home and buyers who want to get rid of their place and buy a new one. If you think you missed the boat on making your move this year, we’re here to tell you why buying and selling in the fall can work for you.

Less competition

Yes, there may be fewer homes on the market, but there are also fewer buyers out there competing for the same home you want. That gives buyers an important edge. “Families on a mission to move into a new home before school starts are out of the picture,” said Forbes. “Competition for houses drops off in the fall, a time many people consider to be off-season in real estate. But there are still homes for sale – and in some cases, there’s just as much inventory as there was during the spring and summer.”

The benefit to sellers is that those buyers who are out there tend to be more serious, which means your REALTOR® can key in on the real buyers without having to sift through the riffraff.

Tax breaks

If you’re a buyer who closes escrow before December 31, and you may get a nice write off on your taxes. “Property tax and mortgage interest are both deductions you can take for your whole year’s worth of income, even if you closed on your home in December,” David Hryck, a New York, NY tax adviser, lawyer, and personal finance expert told Realtor.com. “Any payments that are made prior to the closing of the loan are tax-deductible. This can make a serious difference in the amount you owe the government at the end of the year.”

There are also potential tax breaks for home sellers. “You can include all sorts of selling expenses in the cost basis of your house,” said The Balance. “Increasing your adjusted cost basis decreases your capital gain because this is what’s subtracted from the sales price to determine how much of a gain – or loss in some cases – you’ve realized. If you have less of a gain, you’re more likely to fall within the exclusion limit, and if you’re gain isn’t excluded, you’ll pay taxes on less.” And that’s just the beginning. Closing costs and home improvements may also be write offs for sellers. Check out the full list here.

Home for the holidays

Buy or sell early in the fall and you could be nicely situated in your new home in time for the holidays and before winter weather hits. Moving during a calmer time of year also means you may have better access to movers and other necessary resources than during the busier spring and summer seasons.

The right price

Did you list in the spring or summer with an exorbitant number that you thought you’d have no trouble getting because it was a hot market? That’s pretty common these days. Whether you’ve had a revelation about the price you should be asking or have made updates to your home to justify a higher price, you’re probably in better shape to get your (realistic) asking price in the fall. If you’re a seller and you establish a smart pricing strategy, you could find your home standing out in the crowd and selling while others sit on the market under a blanket of snow.

Buyers also may have a better time getting a home that’s within their budget because when there is less competition for homes, there is less chance of bidding wars and over-asking-price sales.

Fall may be safer for buyers and sellers

Here’s something you may not have thought of. “Did you know that burglars have peak seasons? They do, Sarah Brown, a home safety expert for SafeWise.com, told Forbes. “July and August are prime months for burglaries to take place. Waiting until the fall [to buy] gives you an advantage when learning about a home and the neighborhood. You’ll be settled in your home and can take precautions—like setting up that new alarm system—before the next burglary season rolls around.

For sellers, less competition for your home can be a good thing if it means your home is safer from theft.

Great deals on stuff to fix up your home

Coordinate the timing right, and those items you need to fix up your home for sale in the fall or update and upgrade after a purchase might be priced to your advantage. Check Consumer Reports for a full list of the best times of year to buy everything, and keep in mind holiday and Black Friday sales. You could score some great deals at this time of year.

Position Realty
Office: 480-213-5251

Ideas for Saving Energy with Your Smart Home

You may feel safe inside on a hot, smoggy day, but hidden dangers could be damaging your health right in your own home. In fact, according to the World Health Organization (WHO), 4.3 million people a year die from exposure to household air pollution. Poorly ventilated dwellings, smoking around the home and fine particles can all negatively impact your health.

Although you can try to improve your home’s health by regularly changing filters and opening the windows to let in some fresh air, you need some smart home technology to help save energy. That will ultimately help you go green by cutting down on your energy consumption. As an added benefit, saving energy can also trim your energy bills and save some money in the process. Get started with these five smart home ideas for saving energy.

Control Your Smart Home Automation

Before you start your smart home journey, look at how you can control the automation process from the start. For example, smart appliances can help reduce your energy consumption, but you need a way to control everything from turning your lights on and off to adjusting your thermostat.

Automation can be controlled right from your smartphone or tablet. It’s also best to get a smartphone that works in tandem with a reliable network for controlling your home remotely while you’re on the go. For example, a phone like a Samsung Galaxy Note8 or iPhone 7 Plus can leverage apps like Wiser EMS or Nest Mobile. Just about every smart home product on the market comes with an app to manage from your smartphone or tablet so you can improve your energy efficiency whether you’re at work or on vacation.

Use Smart Climate Control

You can go beyond controlling the temperature of your home and actually control its entire indoor climate. The Nest thermostat doesn’t need to be programmed, and instead learns your habits and adapts the climate of your home to your life. The Nest can automatically adjust itself based on your lifestyle, the time you come and go on a regular basis, and when the season changes. You can even control the individual temperatures of specific rooms so your energy efficiency remains high.

After using Nest for a week, it can program itself and significantly reduce your energy consumption so you’re saving more on your electric bill. You’ll also get an alert from Nest to your smartphone app if something is wrong like the temperature is dropping low enough to make your pipes burst or the furnace is acting up.

Switch to Purifying Floors

You may already know that your home contains pollutants based on poor air quality and ventilation. But the materials your home was built with, or even its furnishings, can continuously emit toxic contaminants including formaldehyde.

Pure Genius flooring is made without solvents, volatile organic compounds or formaldehyde. It also uses light-activated and air-purifying agents made of titanium dioxide in its Titanium floor finish line. You can ultimately help purify your air, and reduce the energy needed to run fans and ventilating systems to freshen up your home. Another option for floors with an eye on energy efficiency is radiant floors with embedded tubing inside concrete to improve more efficient heating and cooling.

Update Your Appliances

You may have heard of energy-efficient appliances already, but may not have heard about smart home appliances that can save both energy and time. Smart appliances allow you to remotely program your washer or dryer to operate in the middle of the night to reduce the strain on the electrical grid. Meanwhile, an energy-efficient smart fridge like LG’s smart fridge can tell you that you’re out of milk and save you energy at the same time.

Position Realty
Office: 480-213-5251

Home Inspectors Are Held To Higher Standards

A California appellate court ruling contains both good news and bad news for home inspectors. The good news is that, in the eyes of the court, home inspectors are in the same category as doctors, attorneys, accountants, and other professionals. The bad news is that being in such a category restricts their ability to limit liability in certain ways.

Armando Moreno and Gloria Contreras purchased a 49-year-old Whittier home in August of 1998. On August 18, Deric Sanchez, doing business as Aaero Spec Quality Home Inspectors, conducted an inspection of the property on their behalf. Moreno accompanied Sanchez during the inspection.

Sanchez’s inspection noted that the heating ducts were “serviceable”, although he did recommend that the buyers contract with a licensed expert to clean out the entire system, including filters.

The preprinted contract used by Aaero Spec contained a clause providing that any lawsuit arising out of the inspection had to be filed within one year from the date of the inspection. The contract noted that, “This time period is shorter than otherwise provided by law.” (Business and Professions Code section 7199 provides a four-year statute of limitations for home inspections.) Moreno, an attorney and licensed real estate broker, signed the contract and initialed the clause shortening the statute of limitations.

Escrow closed on October 8, and the buyers moved in a few weeks thereafter. In December, both began feeling ill. Moreno was ill for one week in December and Contreras was sick for two weeks. Her illness became chronic. Near the end of summer in 1999, a culture revealed she had a bacterial infection.

Subsequent inspections by other companies revealed, “… among other things, an unsealed air return which permitted the unit to draw dust, dirt and rust into the system. It also discovered dirt, dust and debris in the main return which permitted dust and dust mites to be distributed through the system and into the house.”

The buyers, of course, sued the inspector for negligence. Their suit was filed October 19, 1999. The inspector argued that the buyer should not be allowed to sue, because the one-year statute of limitations had run. To this, the buyer responded that the ‘delayed discovery’ rule should apply, meaning that the time period during which a suit is allowed should not begin to run until the alleged negligence has been discovered.

The Orange County Superior Court (held there because the plaintiff is a Los Angeles Court Commissioner) agreed with the inspector. The court noted that the delayed discovery rule applies to a variety of professions, but “…building inspectors really don’t fall into the same public-policy circles as lawyers and doctors, possibly architects, particularly when they are sued for malpractice, and it would be something of an extension, as I see it, to put them there…”

The buyers appealed, and the Second Appellate District agreed with them, reversing the Superior Court. The appellate court noted “…judicial decisions have declared the discovery rule applicable in situations where the plaintiff is unable to see or appreciate a breach has occurred.” It went on to say, “… justification for the discovery rule has not been restricted to regulated and licensed professions. Courts have also employed the rule of delayed accrual in cases involving trades people who have held themselves out as having a special skill…”

The reasoning is simply this. In the case of trades or professions that have special skills, a consumer may lack the ability or opportunity to recognize that negligence has occurred, even if the consumer is as diligent in observation as he is capable of being. In such situations, a statute of limitations should not begin to run until the consumer has discovered that, apparently at least, negligence has occurred.

The court held that this is the situation with home inspections: “…most homeowners will not recognize a problem has been overlooked, or noticed but not reported, until something goes wrong and the damage becomes apparent.” Thus, it held that the delayed discovery rule should apply.

Position Realty
Office: 480-213-5251

Phoenix Real Estate Market Report ~ August 2017

The current real time market profile shows there were approximately 9,849 new listings (up 901 listings from last month) on the market in August 2017 and 8,263 sold transactions (up 239 listings from last month). This is the first time in over a year the number of new listings exceeded the number of sold transactions. Overall, the inventory of homes on the market is still very low where in August 2017 there were 19,242 homes (down 632 listing from last month) on the market which is down -26.2% as compared to the number of home on the marker in August 2014. In August 2015 there were 21,487 homes, in August 2014 there were 26,076 homes and in August 2013 there were 20,571 homes for sale on the market. Due to the declining in average days on market since February 2017 this shows buyer’s demand is strong where inventories may continue to be low and drive up prices.

The average sold price increased from $296,650 in July to $299,435 in August which is a +0.9% increase. Historically, since 2014 the average sold price has declined from July to August and doesn’t start to increase until late September and early October. Overall, the average sales price since September 2016 (12 months ago) still has an appreciation rate approximately 6.1% (up from last month) or from $282,128 in September 2016 to $299,435 in August 2017. In 2014 real estate prices only appreciated 4.5%, in 2015 5.5% and in 2016 4.2% where according to the National Association of Realtor the average annual appreciation rate is 5.4%. Therefore, Phoenix is still above the national appreciation rate. Since September 2016 (12 months ago), the average days on market has decreased approximately -8.2% (up from last month) and the number of sold transactions has increased approximately +11.0% (up from last month).

The volume of foreclosure purchases since September 2016 (12 months ago) has decreased approximately -45.7% and the volume of short sales decreased of approximately -35.6%. The current percentage of foreclosure sales and short sales sold is only 1% of the market which indicates a healthy market. Unfortunately, there are still some homeowners who bought between 2005 and 2007 that are still up-side-down as shown in the yearly average sold price chart above.

Since September 2016 (12 months ago), the number of homes for sale on the market have decreased approximately -11.5% or 21,738 homes for sale on the market to a gradual decrease of 19,242 homes (Down 2,496 homes). The total number of listings is low as compared to 26,076 listings in August 2014. This decrease in the number of homes for sale indicates we are currently in a seller’s market (low supply and increased demand).

Real estate prices will continue to increase and interest rates are planned to increase in 2017 so if you are thinking about buyer a home this year will be the time to buy before you get priced out of the market. Give us a call to discuss your best buying or selling strategy, TODAY!!

Position Realty
Office: 480-213-5251

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