Gay Realty Network

Real Estate News With a Gay Slant

Prevent Basement Floods

No Comments »

basement-flood

Prevent Basement Floods

Making your basement into a comfortable living area can significantly raise the value of your home but it is extremely important for you to take the necessary action before you start your remodel. The basement could turn into a massive loss if not protected. The largest concern a basement has is its weak defenses against flooding. The below grade location creates a situation it is surrounded by soil. As we all know soil retains water and that water can be detrimental to your basement. Here are four preventative actions you can take to protect your investment.

1.  Grading

The most important step you can take to prevent flooding is to make sure the grading around your basement is sloping away from the foundation. This helps ensure that when it rains the water will not pool any areas. If pooling water does occur it will eventually make its way into your basement. If you are not sure if you have proper grading, take a look for any pooling water. If you do spot any water consider adding more soil to that region or hire a landscaper to re-grade your yard.

2. Gutters

Check the location of your downspouts, too often they drain too close to your foundation leaving opportunities for water to seep into your basement. If this is the case, buy downspout extensions that will carry the water away from your foundation or connect your downspouts to a French drain system in your yard.

Secondly, check for clogs. Any sort of blockage can cause an overflow which can create soil erosion, improper grading and basement flooding.

3. Window Wells

Like gutters, window wells collect leaves, dirt and debri that can prevent proper drainage. Once water starts collecting at the surface of your window seepage is inevitable. Consider hooking a window well drainage system or install window well covers to protect the well from debris.

Written by Todd Moeller, 714-404-9540 todd@theocexperts.com – Unique, open and caring specializing in helping people find good values and good homes in Orange County. Visit Todd’s website here.

Featured Gay Friendly Realtor: Edward Brooks, Las Vegas

No Comments »

Edward Brooks, Gay Las Vegas Real Estate AgentPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

I’m a new agent, but very eager to help you find your home or help you sell your property. Vegas has everybody. And that includes the gay, lesbian, bisexual and transgendered community.

See Edward’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Las Vegas

Waiting to Buy?

No Comments »

Tuesday Blog Picture

Waiting to Buy a House?

Do you know someone on the fence, waiting to buy?

 

Are interest rates are going up? The experts agree that it’s not a matter of “if” interest rates will go up, but rather “when”. They have been held at artificially low levels thanks to the Federal Reserve pouring money into the financial system and keeping the discount rate at an extremely low level for quite some time. Economically, it is inevitable that interest rates will rise.

 

With minimal expected appreciation in 2014 compared to prior years, the sense of urgency to buy is not as prevalent. Instead, many potential buyers are taking their time or putting off purchasing to a later date. This is not necessarily a sound strategy with interest rates forecasted to increase about one-percent in the next year.

 

Considering that rates will climb, the impact on monthly payments cannot be ignored. For a buyer that is looking to purchase a $600,000 home with 20% down, the monthly payment would rise by an additional $291 per month with a 1% increase in interest rates. To drive home the point further, if a buyer qualifies for the $2,397 payment, that’s a purchase price of $600,000 today. When interest rates climb by just one-percent, that same payment allows a buyer to purchase a $535,000 home, $65,000 less than today. Rising rates erode purchasing power and affordability drops.

 

In June of last year, Bernanke and the Federal Reserve announced that they were going to start to reduce the amount of money they dumped into the monetary system every month, also known as tapering. Immediately, interest rates shot up by one-percent. Buyers that did not lock were looking at an instant increase in their monthly payment. These increases are just the beginning. Interest rates prior to the downturn were at 6.4%. They dropped after the Federal Reserve intervened. The Fed is now strategically moving the other direction and interest rates will rise.

 

For the homeowner who is looking to move up in value, waiting to make the move really does not make any sense at all. Many would like to wait for their homes to appreciate in value before they pull the trigger on selling. Not only are they looking at eroding purchase power with a rise in rates, they are looking to pay more as well. 10% appreciation in a $750,000 home is an additional $75,000. For a $1 million home, it is an additional $100,000. The appreciation rate may be the same, but the net result is additional equity for higher priced homes.

If you have any more questions or would like a free home valuation, contact us directly or visit us on Facebook.

Written by Todd Moeller, 714-404-9540 todd@theocexperts.com – Unique, open and caring specializing in helping people find good values and good homes in Orange County. Visit Todd’s website here.

Today’s Real Estate Report – Colorado

No Comments »

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

Today, in our ongoing series about local real estate markets, we’ll take a look at home sales and trends in the Colorado real estate market.

First off, Denver home sales spiked in March, up 46% from February, according to the Denver Post.

Million dollar home sales were up too, Bizjournals.com reports:

There were 48 Denver-area homes that sold in March for $1 million or more, 50 percent more than the 32 sold in March 2012. In the first three months of 2013, 108 luxury homes in the area were sold totaling $160.24 million compared to the 83 sold in the same time period in 2012 totaling $127.11 million.

And The Denver Channel reports that home prices have reached 2007 levels:

Denver’s S&P Case-Shiller home price index for December was 134.14, meaning that local home resale prices averaged 34.14 percent higher than they were in the benchmark month of January 2000. The last time Denver topped that price level was in October 2007, when the Case-Shiller index stood at 136.09. The peak index reading for Denver was the summer of 2006 when it hit 140.26 in July and 140.28 in August.

The Colorado Springs Business Journal also reports on the Colorado Springs market:

Colorado Springs home prices increased 6.8 percent year-over-year in February, including distressed sales. CoreLogic, a real estate analyses firm released its price index for Colorado Springs and the country today. While a 6.8 percent increase in the Colorado Springs home price index is significant, prices aren’t rising as dramatically in Colorado Springs as they are nationally.

The Wall Street Journal reports that military cuts may hurt the Colorado real estate market:

But federal budget cuts affecting the Colorado Springs area’s large military bases threaten to weaken the area’s economy and raise questions about the outlook for the region’s real estate. Some $85 billion in sweeping federal budget cuts, known as the sequester, were triggered last month. “You have to be concerned if you’re a buyer,” said Brian Wagner, managing director of Sierra Commercial Real Estate Inc. in Colorado Springs. Lower federal dollars spent on defense would likely result in lower lease rates, he said.

And KUNC reports on improvement in the overall Colorado real estate market:

Homes in Northern Colorado are selling faster than they have in years. That’s not too surprising, considering recent state budget projections showing Colorado’s economy improving. What is surprising to some in the business community is how quickly the real estate market is heating up. Northern Colorado Business Report publisher Jeff Nuttall says low interest rates, limited rental vacancies and a short supply of homes are all combining to fuel the demand.

Featured Gay Friendly Realtor: Nicholas J. Russo, Orlando, Florida

No Comments »

http://d16s6lioabreig.cloudfront.net/blog/wp-content/uploads/2013/03/russo-nicholas-orlando.jpgPeriodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Nick has been a dedicated Real Estate professional since 2003. Proudly, Nick is the Executive Realtor of Design Studio 15. Located in the Sunshine State of Florida, Orlando has it all when it comes to diversity, arts, entertainment, and dining.

See Nicholas’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Orlando

Rhode Island Home Prices Rising Steadily

No Comments »

Rhode Island Gay Real EstateHome prices are steadily rising in the Ocean State, which is a good indicator that the housing market is seeing improvement.

Prices are up in 19 out of 20 major cities, and Rhode Island looks to be moving in the right direction.

“Year over year we didn’t rise, but we certainly didn’t fall short of transactions closed, so in actuality we’re doing fairly well,” said Karl Martone of RE/MAX Properties. “Rome wasn’t built in a day, as they say.”

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.

Full Story from WPRI

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

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

Featured Gay Friendly Realtor: Evan Smith, Ft. Lauderdale

No Comments »

Periodically we’ll feature one of our real estate professionals here to let our readers know about some great Realtors, Mortgage Brokers, and Other Real Estate Professionals.

Evan Smith, Gay Ft. Lauderdale Real Estate AgentEvan has been licensed as a real estate agent in both Florida and Georgia since 2003, and has more than 15 years of real estate experience, as well as a business degree in real estate from Georgia State University.

He works with a wide range of real estate clients, from long-term investors to first-time buyers, sellers and property managers.

Evan is part of a network of professionals, allowing him to offer his clients smooth, low-stress buying and selling transactions.

See Evan’s Expanded Listing on Gay Realty Network Here

Gay Friendly Realtors and Real Estate Professionals in Fort Lauderdale

Homes Selling Faster in Omaha Real Estate Market

No Comments »

Nebraska Real EstateWhile the Omaha-metro’s housing market never suffered the same kinds of blows as other areas, things were much slower this time last year. But the tide is turning.

Linda Carpenter with Keller Williams Realty said, “Last year, days on market was an average of 98 days. This year, we’re seeing 39 days as our average days on market. So we’re really seeing the trend shift.”

Carpenter pointed out that Omaha is fairing better than Kansas City or Des Moines. And the national average is 84 days on the market before a house sells.

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.

Full Story from WOWT

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

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

North Dakota to Vote on Ending Property Taxes

No Comments »

North Dakota Property TaxesNorth Dakota voters on Tuesday will decide the fate of a ballot initiative that would make the state the first in the country to end property taxes.

If any state is going to take such a dramatic step, North Dakota would seem to be a likely candidate. North Dakota is generally a conservative state, and fiscal conservatives generally support lower taxes. The state is also experiencing a surge in tax revenue unrivaled elsewhere. The property tax is often described as the least popular of the taxes that fund state and local government.

Yet even those ingredients don’t appear as though they will be enough. The reason why is that, regardless of what interest or what party they represent, the powers-that-be in North Dakota have a preference for caution. That same preference exists in other states, which is why the most sweeping ballot measures to change or limit government have tended to fail lately.

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.

Full Story from the Sacramento Bee

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

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

OK: Tulsa Home Sales Continued to Rise in April

No Comments »

Oklahoma Real EstateTulsa-area home sales rose yet again in April, continuing 2012′s strong improvement over last year. The Greater Tulsa Association of Realtors reports that 1,028 homes were sold in April, up 3.6 percent from March and an increase of 12.4 percent from April 2011.

The 3,748 homes that were sold in the first four months of 2012 represent a 20.1 percent increase from the same period last year. Rodger Erker, president of GTAR, said people shopping for homes are getting more enthusiastic.

“If buyers are seeing things they like, they’re jumping on it,” he said. “They’re not delaying their decisions. We haven’t had that in a long time.”

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.

Full Story from Tulsa World

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

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