Archwood Properties

April 30, 2009

More Consumers Prefer Green Living Alternatives

Filed under: Green Living — admin @ 11:06 am

The Better Homes and Gardens Real Estate Web site conducted a “Living Green” consumer survey in 2008 that showed half of the consumers surveyed paid more money for an energy-efficient product in the past 12 months.  The survey also revealed that one in three homeowners said they would be willing to spend $5,000 or more on green improvements to increase a home’s appeal to potential buyers.  Consumers reported engaging in a variety of environmentally conscious activities, including recycling (73 percent), replacing standard lights with compact fluorescent light bulbs (69 percent), conserving water (57 percent), adjusting the thermostat (51 percent) and purchasing energy-efficient appliances (30 percent).

Not only are the consumers going green, but so are new homebuilders.  They are incorporating green features into new homes in response to consumer preferences for the cost-saving benefits of environmentally friendly homes.  All products and construction techniques will create a more energy-efficient home with improved indoor air quality. Features include advanced framing techniques, high-efficiency heating and cooling systems, Energy Star-rated appliances and closed-cell spray-foam insulation in every wall.

Some homebuilders have implemented an energy-efficient program that introduces high-end energy-creating systems in their homes, such as:  using solar energy, geothermal heating and air conditioning, and wind power. It used to be that these options were only available in high-end custom homes, but they are becoming more affordable and are being introduced to homes in a variety of communities.  Many builders are also offering a credit on new homes with these energy-saving options.

  • Geothermal heating and air cooling systems extracts air from below the Earth’s surface, where it maintains a steady temperature, reducing the need to heat and cool the air.
  • Wind power can be generated from a lightweight wind turbine on the roof of homes, which generates electricity for energy-efficient batteries.
  • Solar photovoltaic power modules convert energy from the sun to electricity.  Solar collection tubes, which sit nearly invisibly on the roof, absorb thermal energy, providing a continuous supply of hot water.

Energy-efficient and Green features include, but are not limited to:

  •  compact fluorescent light bulbs
  • dual-flush toilets
  • water-saving faucets
  • Silestone counters and recycled building materials
  • advanced insulation
  •  low-volatile organic compound (VOC) paint sustainable materials
  • programmable thermostats
  • Energy-Star rated appliances
  • better quality air filters
  • double-paned windows
  • energy seals

While many energy-efficient homes now have elaborate systems in place, it actually takes very little effort and cost to begin transitioning into living a ‘greener’ life.  Start with changing out your light bulbs or air filters… and you will immediately begin giving back to our environment. 

April 29, 2009

Explore The Benefits of Using An EcoBroker-Certified Realtor

Filed under: real estate — admin @ 3:14 pm

Minimize the headache of buying and selling your real estate property by working with an educated Realtor, who can guide you through the entire process and answer any questions you may have.  While there are plenty of experienced and qualified Realtors in your area, only a small percentage of them are EcoBroker-Certified. As an Ecrobroker, not only do we care about our clients, but also about the environment, and want to promote energy-efficient and ‘green’ features in your home.

BENEFITS OF BUYING YOUR HOME THROUGH A REALTOR

1. Your Realtor can help you determine your buying power. 
Your buying power is your financial reserves plus your borrowing capacity. Giving us a few pieces of key information, such as your available savings, income and current debt, we will be able to refer you to lenders best qualified to help you. We will also be able to assist you in understanding the different financing options available from each lender.

Take it a step further!
Ecobrokers have an understanding of energy efficiency and the costs or savings associated with insulation, windows, appliances, heating and cooling systems, and other features of a home that will affect your monthly budget and how much you can afford.

2. Your Realtor has many resources to assist you in your home search.
Sometimes the property you are seeking is available, but not advertised in the market. With our tools, we will be able to investigate and provide you with a complete list of available properties.

Take it a step further!
As Ecobrokers, we will be able to provide you with a listing of homes with specific, new ‘green’ features.

3. Your Realtor can assist you in the selection process by providing objective information about each property.
We have plenty of access to a variety of informational resources, that are not accessible by the general public. We have the ability to provide you with information utilities, zoning, schools, etc. Two things you’ll want to know when searching for the ideal property: Will the property provide the environment I want for a home or investment? and Will the property have resale value when I am ready to sell?

4. Your Realtor can help you negotiate.
There are a myriad of negotiating factors, including but not limited to: price, financing, terms, date of possession and often the inclusion or exclusion of repairs, furnishings and equipment. The purchase agreement should often provide a period of time for you to complete the appropriate inspections and investigations of the property before you are bound to complete the purchase. We will be able to advice you on which investigations and inspections are recommended and required.

5. Your Realtor provides due diligence during the evaluation of the property.
Depending on the area and property, this could include inspections for termites, dry rot, asbestos, faulty structure, roof condition, septic tank and well tests, just to name a few. We can assist you in finding qualified responsible professionals to do most of these investigations and provide you with written reports. You will also want to see a preliminary report on the title of the property. Title indicates ownership of the property and can be mired in confusing status of past owners and rights of access. The title to most properties will have some limitations; for example, easements (access rights) for utilities. We can help you resolve any issues that might cause problems at a later date.

Take it a step further!
As Ecobrokers, we can help you address environmental issues including: indoor air quality, ventilation, use of low VOC paints, quality radon testing and reliable water testing.

6. Your Realtor can guide you through the closing process and make sure everything flows together smoothly.

BENEFITS OF SELLING YOUR HOME THROUGH A REALTOR

1. Your Realtor can give you up-to-date information on what is happening in the marketplace.
Key factors of the current marketplace are prices, financing, terms and the condition of competing properties, which will lead to having your property sold at the best price, in a timely manner and with minimum hassle.

2. Your Realtor markets your property to other real estate agents and the public.
In many markets across the country, 50% of real estates sales are cooperative sales. Cooperative salesis when another agent then your selling agent brings in the buyer. We, as your selling agent, act as the marketing coordinator; disbursing information about your property to other real estate agents through a Multiple Listing Service (MLS) or other cooperative marketing networks and open houses for other agents. Additionally, we will often recommend repairs or cosmetic work that will significantly enhance the salability of your property. 

 Take it a step further!
As Ecobrokers, we understand energy efficiency and environmental features of homes. Working with us ensures you are working with someone who can highlight energy-efficient and healthy indoor environment features of your home.

3. Your Realtor will know when, where and how to advertise your property.
There is a misconception that advertising sells real estate. Studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When we market your property, we don’t necessarily have to bring strangers into your home. We are very familiar with our network, and if we don’t know a prospective buyer, will pre-screen and accompany them through your property.

4. Your Realtor can help you objectively evaluate every buyer’s proposal without compromising your marketing position.
This initial agreement is only the beginning of a process of appraisals, inspections and financing — a lot of possible pitfalls. We can help you write a legally binding, win-win agreement that will be more likely to make it through the process.

5. Your Realtor can help close the sale of your home.
Between the initial sales agreement and closing (or settlement,) questions may arise. For example, unexpected repairs are required to obtain financing or a cloud in the title is discovered. The required paperwork alone is overwhelming for most sellers. We are the best people to objectively help you resolve these issues and move the transaction to closing.

Before attempting the tedious task of buying or selling a property on your own, take a moment to discuss the market and other matters with one of our Ecobroker-Certified Real Estate Agents. 

April 28, 2009

Tax Credit for First-Time Home Buyers

Filed under: Uncategorized — admin @ 2:30 pm

How much credit will I receive?

  • The tax credit is equal to 10 percent of the home’s purchase price, up to a maximum of $8,000.   (Please note: this tax credit does not have to be repaid.)

 When must I purchase a home to receive the credit?

  • The American Recovery and Reinvestment Act of 2009 states that credit is avalable for homes purchased on or after January 1, 2009 and before December 1, 2009.

Am I qualified for this credit?

  • The IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. 

Click here for more Frequently Asked Questions regarding the Home Buyers’ Tax Credit.

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