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What You Need to Earn to Live in the Cheapest and Priciest Metros

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Ever wonder how much bacon you need to bring in to live comfortably in some of our country’s largest metros? HSH.com recently revealed the salaries needed to live in a median-priced home in 50 of the hottest areas of the U.S., and the numbers may surprise you. While the national average of median home prices cost $255,600, requiring a salary of just over $56,000, the salary difference between the least expensive and the most expensive is nearly $200,000 (!!).

5 Least Expensive Metros

  • Pittsburgh: $35,329.29
  • Cleveland: $36,553.26
  • Indianapolis: $37,429.34
  • Oklahoma City: $37,854.04
  • Memphis: $37,964.05

5 Most Expensive Metros

  • San Jose: $221,363.63
  • San Francisco: $181,341.49
  • San Diego: $116,875.11
  • Los Angeles: $101,531.66
  • New York City: $99,136.79

It’s no real surprise that four of the five priciest metros are all in the state of California. Get the full results from HSH.com and see how realtor.com broke down what is occuring in the “Best Places” housing markets.

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post What You Need to Earn to Live in the Cheapest and Priciest Metros appeared first on RISMedia.

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What You Need to Earn to Live in the Cheapest and Priciest Metros

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Ever wonder how much bacon you need to bring in to live comfortably in some of our country’s largest metros? HSH.com recently revealed the salaries needed to live in a median-priced home in 50 of the hottest areas of the U.S., and the numbers may surprise you. While the national average of median home prices cost $255,600, requiring a salary of just over $56,000, the salary difference between the least expensive and the most expensive is nearly $200,000 (!!).

5 Least Expensive Metros

  • Pittsburgh: $35,329.29
  • Cleveland: $36,553.26
  • Indianapolis: $37,429.34
  • Oklahoma City: $37,854.04
  • Memphis: $37,964.05

5 Most Expensive Metros

  • San Jose: $221,363.63
  • San Francisco: $181,341.49
  • San Diego: $116,875.11
  • Los Angeles: $101,531.66
  • New York City: $99,136.79

It’s no real surprise that four of the five priciest metros are all in the state of California. Get the full results from HSH.com and see how realtor.com broke down what is occuring in the “Best Places” housing markets.

Zoe Eisenberg is RISMedia’s senior content editor. Email her your real estate news ideas at zoe@rismedia.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post What You Need to Earn to Live in the Cheapest and Priciest Metros appeared first on RISMedia.

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$999,000 :: 424 WELLESLEY ST, Birmingham MI, 48009

Property Photo

4 beds, 4 baths
Home size: 3,328 sq ft
Lot Size: 16,988 sq ft
Added: 09/18/17, Last Updated: 09/19/17
Property Type: Single Family
MLS Number: 21369973
Community: Birmingham (63192)
Tract: MEYERING LAND CO’S BIRMIN
Status: Active

Welcome home! This extraordinary landmark Birmingham tudor on double lot has been renovated. Home features exquisite formal spaces, plaster friezes and pewabic tile along w/contiguous casual living spaces. Highlights include DeGiulio kitchen w/Lankton custom hammered cooper hood & stainless steel appliances open to expansive family room. Functional improvements include, Sun Valley bronze hardware butler?s pantry/message center, numerous custom built-ins, first floor laundry/mud room, Marvin windows, wood garage doors, refinished hardwood flooring, new 200 amp electrical service, updated plumbing and library/sunroom with radiant heated flooring. Renovated powder room & second floor jack/jill bath. Finished lower level w/egress window & stone fireplace. Exterior amenities incude in-ground pool & lovely brick paver terrace. Prep/duct work/connections installed for air condition. Two third floor bonus rooms. Enjoy charm and character with modern amenities. Exclude living room chandelier.

Listed with Max Broock, REALTORS~-Birmingham


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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4 Real Estate Deal-Breakers and How to Fix Them Efficiently

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

The real estate sales process can be stressful and seemingly complicated. Even a relatively smooth process can take ample negotiations and may require weeks to pass before you can close on the transaction. Some deals are increasingly complicated, and major roadblocks may develop that threaten the entire project. These are a few of the more significant factors that buyers and sellers may run into during the real estate sales process that could potentially prevent the deal from going through as planned.

Unpleasant Decor
Unpleasant decor is something that buyers notice immediately, and some will only make an offer on the home contingent to some decorative updates being completed before closing. For example, some buyers may detest bold paint colors on the walls or may feel that the decor in the kitchens and bathrooms is too outdated; however, sellers may believe that the home is priced appropriately for the as-is condition and that they should not make concessions because of decor. Both real estate agents need to review sales comps in the area to determine if other homes selling in this price range have similar decor or if they have recently been upgraded. The agents should make the buyer and seller aware of realistic expectations based on market conditions, and one or both parties may need to make concessions based on a sales price and property condition that is justified by the market.

Major Repair Issues
Home repair issues may be known by both parties before a property inspection is complete, but the inspection report can potentially reveal more issues that have not been discussed. Many buyers may try to negotiate to have repair work completed before closing. You may consider taking a course on renovations (like Rules of Renovation) and other significant home improvement projects before you agree to take on any huge projects as a buyer or a seller. These courses can help you to better estimate the cost and time it will take to complete the work that is needed.

A Low Appraised Value
Many buyers will apply for a home loan to pay for their purchase. Mortgage lenders typically offer a loan amount that is a percentage of the sales price or appraised value, and they will take the lesser of these two figures into consideration. This means that an appraised value that comes in lower than the sales price could reduce the loan amount to an uncomfortable amount for the buyer. More than that, the buyer may not want to pay more money for a house than it is worth. The feasible options are for the seller to lower the sales price or to work with the appraiser to increase the appraised value.

Title Issues
It is customary to review the title history on a property before finalizing a purchase, and this is a required step for anyone who is applying for a mortgage loan. This process essentially determines if the seller clearly holds title to the property or what obstacles need to be cleared before the seller can convey title to the buyer at closing. Some issues are minor and can easily be dealt with prior to closing by the title company and the seller. In some cases, however, a real estate lawyer needs to be contacted to resolve the matter.

Many real estate deals will close without a hitch, but many others will develop one or several of these issues. Many issues can be overcome when the buyer and seller work together and when enough time and patience is given to resolve the issues. You may also have to use third-party services, such as a title company or real estate lawyer, to address the issue properly.

For the latest real estate news and trends, bookmark RISMedia.com.

The post 4 Real Estate Deal-Breakers and How to Fix Them Efficiently appeared first on RISMedia.

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What to Do if Your Home Doesn’t Sell

PJ_1

By Patti Stern, PJ & Company Staging and Interior Decorating

Has your property been on the market for months with little buyer interest? With a competitive fall market ahead, it may help to reassess the condition of your home, make necessary updates, then
re-list a new and improved staged property to generate new buzz and buyer interest. Here are some questions sellers should ask themselves to get their home on top of the list and ahead of the competition.

Family Room Staging by PJ & Company Staging and Interior Decorating

Does it Make the Best First Impression?

The key is to look at your home from the perspective of the buyer. With more than 97 percent of homes sold on the internet, the first point of engagement for buyers today is the online listing. Therefore, it’s more important than ever to feature professional quality photos using the best lighting to encourage buyers to schedule a showing. Once they arrive, be sure that your curb appeal and front entry are well maintained, tidy and welcoming by trimming bushes, cleaning walkways, making repairs and adding seasonal touches to the front porch.

Kitchen Staging by PJ & Company Staging and Interior Decorating

Does it Appeal to The Target Market?

According to a National Association of Realtors recent trends report, 66 percent of today’s first-time buyers are Millennials and they are looking for a home that is in move-in ready condition. These buyers will turn away instantly if the home is dated and gives the impression that it’s in need of renovation. They will, however, ultimately pay more for a home that looks fresh and inviting. Be sure that necessary repairs and cosmetic updates are made such as freshening walls and cabinets with a coat of neutral paint, polishing hardwood floors, replacing lighting, hardware, appliances, etc.

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Dining Room Staging by PJ & Company Staging and Interior Decorating

Can Buyers Visualize Living in This Home?

Whether selling an occupied or vacant home, keep in mind that If buyers can’t emotionally connect, it won’t be memorable. Consider renting furniture for vacant properties to show buyers how they can use their own furnishings in the space. For occupied properties make sure there are no distractions such as personal items on walls, shelves and tables. Showcase every key room from the entry to the basement with a clean look and minimal accessories such as colorful pillows, wall art and simple vignettes.

PJ_4

Family Room Staging by PJ & Company Staging and Interior Decorating

Are Key Features Highlighted?

Be sure that your home’s best assets are not hidden. Is your stone fireplace covered with a cluttered mantle or distracting wall art? Are hardwood floors covered up with dated carpeting? Are floor to ceiling windows hidden behind heavy curtains? Are built-in shelves cluttered with old books and photos? If so, remove and simplify to show these features off, bring new life and increase perceived value to your home.

For more examples of interior decorating and home staging, visit www.pjstagingdecorating.com.

PattiABOUT THE AUTHOR: Patti Stern, principal, interior decorator and professional stager of PJ & Company Staging and Interior Decorating, has been decorating and staging homes since 2005. She and her team provide turnkey, full service home staging and interior decorating to clients across Connecticut, New York and Massachusetts. She also developed an award winning staging program for luxury homebuilder, Toll Brothers. Her company has received Houzz 2015 and 2016 Awards for Customer Service. Stern has been featured in Connecticut Magazine, the Hartford Courant, Danbury News-Times and on NBC Connecticut and FOX TV. She is a regular contributor to REALTOR® Magazine’s Styled, Staged and Sold. For more information, contact Patti Stern at 203-640-3762 or patti@pjstagingdecorating.com

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Live in a Loud Area? Here’s How to Reduce Sound Inside Your Home

Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com:

Have you ever wished you lived on a remote island somewhere? A tranquil, calm and—most importantly—quiet place just for yourself? If so, you’re certainly not alone.

Depending on where you live, whether in an urban city or in the suburbs, overpopulation remains an issue, and dealing with noise pollution has become a real responsibility.

Whether sound comes from loud neighbors, lumber trucks, domestic animals or construction workers, we live in a noisy world which can affect us where we need it least—in our homes. These days, we barely even notice the sounds of everyday occurrences such as lawnmowers and nearby roads, but if you think back to pre-industrial times, this amount of external stimulation would have made our distant ancestors nervous wrecks.

Take a moment to consider what you deal with every day regarding external noise. Perhaps it might be time to take action through these easy steps to protect you and your loved ones from unnecessary stress, or even poor sleep.

Close Up Your Gaps
The old advice rings just as true today as it did when you first heard it: “Anything worth doing is worth doing well.” Ensuring as tight an envelope as possible is imperative to reducing the external noise in your neighborhood from invading your privacy and comfort, and this means closing all possible gaps.

Starting with the obviously visible holes and cracks, grab some flexible polyurethane or latex caulk to make your walls and window gaps airtight. Even the slightest of open areas around windows will allow sound to infiltrate. Be as thorough as possible in closing them all up. Perhaps you have an issue with exposure around the openings for pipes and wires where they enter the house—if so, use expanding foam or putty to tighten up your house.

Invest in High-Quality Windows
High-quality windows are one of the most important elements for a soundproof home. Opting for models with seriously thick glass will be your saving grace, and that’s why many noise-conscious individuals choose storm windows with sturdy frames and decent weather stripping.

Some things to watch out for: the larger the airspace between your original window and the storm window, the better (i.e., three to four inches). DIY-ers with double-hung and gliding windows tend to gravitate toward storm windows, as they allow the easiest installation; however, there are various options to make window installation an easier job, regardless of the category of your existing windows.

Shape Up Your Insulation
Not only for the sake of your heating and electricity bills, good quality insulation in your home will significantly reduce the internal disturbance from external noise pollution. Attics and walls are usually most vulnerable to noise infiltration due to under-insulation—start there first! Once again, quality, as opposed to speed, is of the essence with this procedure, as only meticulously installed fiberglass batt and blown-in insulation will ensure your sound pollution from the environment remains low.

Of course, installing insulation can still be a bit of a procedure, but there are plenty of guides online to help you perform a world-class job at a fraction of the price.

Homeowners with DIY abilities often choose to install insulation between floor joists, and as long as you pay particular attention to safety such as dust masks, safety goggles, gloves and protective clothing, you should be good to go.

Consider Your Own Noise Contribution
In the process of fixing up your house to protect it from future external sound infiltration, you will require the use of power tools. Spare a thought for your neighbors and choose your weapons wisely. We sometimes can be so accustomed to tolerating a noisy environment ourselves that we become oblivious to our own contribution to noise pollution.

The additions to your home can be a labor-intensive process, and power tools will certainly make your renovations much faster and easier. Chris Knuffman, reciprocating business line manager at Quincy Compressor, explains how you can be efficient while keeping home improvement noise to a minimum.

“Pneumatic tools powered by compressed air help complete tough and noisy jobs faster and more efficiently than manual options,” explains Knuffman. “Robust air compressors properly sized for such tools offer quicker recovery and are quieter work site solutions, delivering lower decibels and less fatigue than misapplied models.”

External noise has more of an effect on your quality of life than you think, and taking these simple steps will surely make a considerable difference to your comfort and sense of security in your own home. As the jobs are relatively easy within the world of active DIY-ers, the trick is ensuring you are as meticulous as possible with each alteration, as sound certainly does travel.

For the latest real estate news and trends, bookmark RISMedia.com.

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Teacher Accused Of Assaulting Student For Sitting During Pledge Of Allegiance

The student had sat during the pledge for years without any problems — until now. Continue Reading →

Teacher Accused Of Assaulting Student For Sitting During Pledge Of Allegiance

The student had sat during the pledge for years without any problems — until now. Continue Reading →

Driving the Smart Home Surge

More homeowners are adopting automation, according to a recent survey by CEDIA, a trade association, and HomeAdvisor, relying on professionals in a “smart home surge.” Seventy-five percent of the professionals surveyed, in fact, say they have received more smart home inquiries in recent months, and requests for maintenance once per month or more.

“This report shows that when it comes to smart home technologies, homeowners are migrating away from DIY to more of a ‘do it for me’ mindset,” says Dan DiClerico, smart home strategist at HomeAdvisor.

Smart home devices permeate every part of the home, including doors and windows, landscaping and security, the survey shows. Most professionals report including smart home technology in a larger renovation.

Over 1,400 smart home professionals were surveyed for the report.

Source: HomeAdvisor

For the latest real estate news and trends, bookmark RISMedia.com.

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$215,000 :: 1368 COLE ST, Birmingham MI, 48009

Property Photo

3 beds, 1 bath
Home size: 985 sq ft
Lot Size: 0 sq ft
Added: 08/21/17, Last Updated: 09/15/17
Property Type: Single Family
MLS Number: 21359955
Community: Birmingham (63192)
Tract: LEINBACH-HUMPHREY’S WOODW
Status: Sold

DARLING BIRMINGHAM CONDO ALTERNATIVE! NEWER KITCHEN WITH FARM SINK,NEW CUPBOARDS, CORIAN COUNTERS, FLOORS AND APPLIANCES., UPDATED BATH W/STORAGE, REFINED HARDWOOD FLOORS , FRESH PAINT T/O, NEW WINDOW BOX/COVERINGS, NEWER WINDOWS, NEW MAIN ROOF 11/07, NEW ROOF GARAGE 10/10,NEWER HOT WATER HEATER, NEW PLUMBING W/10 YR WAR-JUNE 2011, LARGE YARD & LOVELY PAVER PATIO! WALK TO TOWN! AWARD WINNING BIRMINGHAM SCHOOLS. CURRENTLY TENANT OCCUPIED THAT WOULD LIKE TO STAY, TEAR DOWN OR LIVE IN.

Listed with Max Broock, REALTORS~-Birmingham


Brought to you by Janet Hull and Thomas Bush, Real Estate One, Inc.. Call me today at 1-855-Janet-Tom, or visit my website at www.JanetandThomas.com!


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