Gay Realty Network

Real Estate News With a Gay Slant

Thinking of Buying a Vacation or Retirement Home? Why Wait?

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Thinking of Buying a Vacation or Retirement Home? Why Wait?

The sales of vacation home skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea pf finally purchasing that vacation home (that they eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until you’re ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

BUT CURRENT MORTGAGE RATES WON’T LAST FOREVER…

According to FreddieMac, the interest rate for a 30 year fixed rate mortgage at the beginning of April was 4.4%. However, FreddieMac predicts that mortgage rates will steadily climb over the next six quarters.

Let’s assume you want to purchase a home for $500,000 with a 20% down payment ($100,000). That would leave you with a $400,000 mortgage. What happens if you wait to buy this dream house?

Prices are projected to increase over the next year and a half. However, for this example, let’s assume prices remain the same. Your mortgage payment will still increase as mortgage rates climb to more historically normal levels.

This table shows how a principal and interest payment is impacted by a rise in interest rates:

Cost of Waiting $400K

If you are a real estate professional and want a deeper understanding of how market conditions will impact buyers this spring, please join us Thursday at 2PM ET for a free webinar entitled: Spring Ahead in 2014: KCM’s Action Plan for Dominating the Spring Buyers’ Season.

Boston-Area Home Sales Picking Up Steam

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From Apple Maps

As the spring market kicks in, homes and condos across Greater Boston are selling faster than last year, new stats show.

The time on market for homes and condos in the Boston area stood at just under two months, or 55 days, Realtor.com reports.

That’s 8 percent faster than last year, when it was up around 60. In fact, few metro markets are seeing sales happen at that pace right now in what nationally is turning out to be somewhat of a sluggish start to the spring market.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Scott Van Voorhis – See the Full Story at Boston.com

Click here for gay realtors, mortgage lenders, and other real estate professionals in Massachusetts.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Keeping it Local: Haven Gastropub

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Keeping it Local: Haven Gastropub

In this week’s series of Keeping It Local, we feature the Haven Gastropub. This is a great place to enjoy high quality, freshly prepared food at reasonable prices, maintaining purveyors of local or organic produce, sustainable seafood, and humanely raised meat and poultry as often as possible.

About Haven Gastropub

Haven Gastropub strives to make available beers that are reserved or highly allocated for only the most serious beer-centric restaurants and pubs.  Annual releases, brewery collaborations, and just plain hard to find beers somehow find their way into the cold storage space at Haven Gastropub.

Haven Gastropub carries a vast selection of wines by the glass and by the bottle.  Boutique wineries are sought out, to give the guests a chance to indulge in something they may have never tried before. While you may recognize a few wineries by name, you will notice even more that you’ve probably never heard of.  The team at Haven Gastropub has painstakingly gone through many a wine tasting to find these gems…

On the cocktail side, Haven Gastropub has many unique offerings as well.  Recipes developed by Haven’s own grace the bartop throughout the evening.  Spirits not seen in your average bar, such as those created by Modern Spirits in Monrovia, CA are used to create delicious cocktails to help elevate your experience. View Haven Gastropub’s menu.

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Location

190 South Glassell Street
Old Towne Orange, CA 92866

Contact Information

714.221.0680

Hours of operation

Mon – Friday  11:00am-2:00am

Open for Brunch Sat & Sun 9:00am
(Orange location only)

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Tips for Cleaning Your Home

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Tips for Cleaning Your Home

Stains and odors

Once you find a stain blot it up immediately while putting a plastic liner or garbage baf between the cushion and the fabric so the contaminant does not spread to the cushion. The rinse with cold water as best you can, the cold water doesn’t set stains  as much as hot water. Repeat blotting and flushing. Alternatively, you could use a portable spot cleaner, wet/dry vacuum, or call a professional.

The Mood

Looking to change up the mood of your house. Swittch things out on a seasonal basis, for a special event or even whan you want to play with a certain pattern or color. Buying different textiles such as bedding, towels and table linens can certainly change the mood fast and easy.

Tile

Clean your bathroom and kitchen tiles with a cleaner that has a “neutral pH” on the label or mix baking soda and water for a homemade cleaner.

Area Rugs

Clean you area rugs every four to five hours. Ten hours if the area rug is in a area with little traffic. Over cleaning can be detrimental  by contributing to wear and tear. Fine silk rugs are recommended to be cleaned every twenty to thirty years! For stains, keep a bottle of club soda close by because stains with an aced base or dye are extremely difficult to remove. The key to getting the stain out is time. Once the satin is apparent immediately grab the club soda and blot again and again until the residue is gone.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Enough With the Rainbows Already

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Castro Rainbow SidewalksCastro Street in San Francisco is getting a $8.3 million dollar makeover in the hopes of making the neighborhood more inviting and more pedestrian friendly. And more gay. But is that really necessary? The Castro is already about the gayest place on earth. It’s really, really gay.

For example, within three square blocks you have a dozen gay bars, six sex toy/porn stores and the world’s largest rainbow flag flying high above Harvey Milk Plaza. There’s also the Human Rights Campaign store located in the space that was Harvey’s camera store replete with murals of our pioneer, and there’s both an elementary school and a restaurant named after Harvey. Every street light has a rainbow flag on it.

And once June rolls around, there are so many pride flags adorning local businesses that it looks like Dorothy herself painted the Castro. As a long-time Castro resident, I actually love all the rainbow representation. At its peak during gay pride month (or June, as straight people call it), it even makes me smile. However, even a gay man living in the gayest place on earth has his limits.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Lane Curran – See the Full Story at Queerty

Click here for gay realtors, mortgage lenders, and other real estate professionals in the SF Bay Area.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Avoiding an Audit

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Avoiding an Audit

Ellen Stark, with Money Magazine, posted some insightful wisdom regarding audits. Here, she briefly explains the importance of your risk of getting audited. We have included the article and a small comment.

“The clock is ticking toward the tax filing deadline on April 15th.  We’ve got tax tips for you.  Today, how to avoid an audit:

If there’s one thing you may dread more than doing your taxes it’s hearing from the IRS later, but most people don’t have to worry about being audited.

In recent years the audit rate has been falling.  In 2013 barely 1% of all tax payers were audited by the IRS and many of those audits were by mail.

The more money you make, however, the worse your odds get.  

To keep down your risk of being audited, make sure you report all your income.  The IRS can match your 1099 and W2 forms to your return.  Larger than average deductions, rental losses, the home office deduction, and simple math mistakes can trigger an audit.

This slim chance of getting audited is why you should keep careful records.  The IRS usually has up to three years to take a hard look at your return, but if the agency suspects a serious problem it can look back six years.”

Comment:

We also agree. In summary, your risk of an audit is substantially low, but if you want to lower your chances even more, make sure to report all of your income and keep detailed and accurate records.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

Working with Lenders

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Working with Lenders

Referrals

Referral from friends and family can offer extensive knowledge about a specific lender. Loan processes can change from lender to lender, therefore, understanding the processes of your lender beforehand is extremely beneficial.

Research your lender

From above, it should be noted that having the necessary information before you meet with a prospect lender is vital. Furthermore, if you cannot find a referral or recommendation, research information about the different types of mortgages and ask questions about items that seem to peculiar. Asking questions like this may impede the broker from adding closing costs and other fees at your expense. During peak season the possibility of tricky lenders that give fake rates and extra costs goes up. That is why it serves you a great deal to research your lender and the different types of mortgages.

Check their Professional Standing

Lastly, check the credentials of the different mortgage banks and brokers. Most often, regulations do not affect mortgage brokers. If so, check with the local chapter of the National Association of Mortgage Brokers or Better Business Bureau to see if they have a clean record. These resources will give you a better understanding of your lenders professional standing and will make you a more informed shopper. Same goes for online shopping for lenders. It can’t be stressed enough to shop cautiously online. Online deals may seem attractive but more than likely are hiding extra fees and costs.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540

DC’s Housing Trends

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Washington DC - Apple Maps

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Spring is finally here but the biggest buzz isn’t about what’s outside but what’s going on inside. Real estate in the District is changing in a major way from size and design to renovations. Here’s a roundup of some of the latest trends a savvy buyer should know about when hunting for a new home in the District.

First, expansion has become a need than a want. Efficiencies were once the popular (and affordable) option when seeking out a new condo. However, more buyers are now springing for that two-bedroom unit. According to Valerie Blake of Prudential PenFed Realty, the market is more affordable than it’s been for a while. Residents are no longer forcing themselves to downsize and are choosing to spring for another bedroom. The extra space can be used for a guest room, office, nursery or combination of the three.

More space isn’t only desirable feature. Those looking for a new condo are no longer primarily interested in condo facilities such as how good the gym is or whether there’s a pool. Instead, Blake notices a trend of residents wanting their own private, larger outdoor space.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Mariah Cooper – See the Full Story at The Washington Blade

Click here for gay realtors, mortgage lenders, and other real estate professionals in Washington, DC.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Five Things to Know Before Moving to Italy

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Florence, ItalyWe often hear that Italians are passionate and that they speak loud. Who hasn’t heard about The Godfather or Mario Bros? But do they really represent the country? It’s true that they are crazy about fashion. In Italy, wearing white socks is practically punishable by law! It’s also true that they eat pasta (probably every single day) and that they talk with their bodies. However, “the Boot” is much more than that. Here you will experience history in every corner, you will find out that Italians never ever buy sauce at the supermarket, and of course, you’ll enjoy the pleasure of living in one of the most beautiful countries in the world. Let’s forget about the stereotypes and prepare yourself to live La Bella Italia!

1. Italians can’t live without pasta.

Along with any other Mediterranean country, Italy is famous for its food. It’s true; Italians love their pasta, which makes up a huge percentage of their diet. Even though this meal is famous worldwide, when you live in Italy, you will realise that the way Italians prepare pasta has nothing to do with the method used by the rest of the world. For instance, “cooking pasta” means cooking the pasta and the sauce- Italians never ever buy sauces at the shop! Another important point is that each kind of pasta has a specific cooking time and they all should be al dente, which means that the pasta has been cooked so as to be firm but not hard. Top tip: Do not ever have pasta with ketchup! Instead, have a go and make your own tomato sauce. You only need olive oil, pepper, fresh basil and fresh tomatoes. Buon appetito!

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

Authored By Marta Lopez – See the Full Story at the Italian Language Blog

Click here for gay realtors, mortgage lenders, and other real estate professionals.

If you have a gay real estate story that you’d like to share with us, contact us at info@gayrealtynetwork.com

Emerging Home Trends

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Emerging Home Trends

Cabinets

Kitchen cabinets are shifting to warmer gray tones from oranges and browns for a more authentic look. Cleaner designs are becoming more popular and thus hardware is becoming less visible, more modern, big drawers are favored because of the easier access.

Bathrooms

Bathrooms are continuing to look more luxurious. TVs can now be integrated into medicine cabinets to avoid seeing a separate TV all the time. Stream showers keep growing; they are now equipped with built in speakers, Bluetooth, aromatherapy, etc. Antifogging devices are now available for the men who need to keep the mirror defogged when shaving.

Chairs

Accent chairs are being used to add that extra accent at little cost. They can introduce a new style to a room while maintaining the same scale as other furnishings.

Combining Global Styles

With world becoming more accessible by the day, more ethnic fabrics and artworks are being mixed into transitional, traditional and modern spaces. Specifically, African and Asian pieces are becoming more popular and a trend is expected to emerge.

Technology

Technology systems are shifting from hard wired to wireless. Heating, lighting, security, sound and entertainment, window treatment, and doors are all becoming integrated into one network. While the wireless is less expensive problems may arise with connectivity.

Don’t hesitate to contact us with any and all real estate questions. We can be found on the web at www.themoellerteam.com or on Facebook at www.facebook.com/moellerteam

Todd Moeller

Seven Gables Real Estate

Todd@themoellerteam.com

714-404-9540