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Friday, December 6, 2013

Quick Tips to Refresh Carpets, Floors, and Linens

Quick Tips to Refresh Carpets, Floors, and Linens

You only get one chance to make a first impression with holiday guests. Here are a few tips from a cleaning and restoration company to help you keep your home spick-and-span throughout the end of the year.

To maintain clean, fresh carpets, prevention is the best medicine. Place a high quality doormat at the entrance of your home to stop dirt, mud, and toxins from ever making it onto your carpets. Consider asking family members and guests to remove footwear before entering the home. To make this easier or even fun for your guests, place a boot tray and clean slippers or socks at the door. A friendly sign will serve as a reminder about your home's footwear-free policy.

To freshen carpets quickly when guests are on the way, vacuum with a well-sealed HEPA (High-Efficiency Particulate Air) vacuum cleaner. HEPA vacuums contain filters capable of trapping tiny, micron-sized particles. Go over the carpet with three vacuum strokes per section (you might need to go over it as many as seven times if it is heavily soiled). You might be surprised at how neat and clean your carpets will be after a thorough vacuuming.

If during vacuuming you discover spots or spills, try using a wet rag to moisten the affected areas before rubbing borax in with a stiff-bristle brush. Leave the borax on the area until it dries, and then vacuum. This should minimize or eliminate the spot. If you have time to focus your cleaning efforts on a specific type of spot (caused by coffee, gum, or fruit juice for example), check the Web for an online spot removal guide for effective methods for removing a wide variety of substances from carpets or upholstery.

Once you've eliminated any spots or stains, sprinkle baking soda - the classic natural odor eater - over the carpet. Leave the baking soda on overnight; it will soak up any lingering odors. Vacuum the next morning to remove the baking soda and you will have fresh, clean carpets that are ready for your guests.

But what if you have hardwood floors? On short notice, simply use a dust mop to remove any coating of dirt or dust. If you have time for a quick damp mopping job, make sure your mop is twice wrung to protect your floors from water damage. If necessary, you can use a special wood floor cleaner diluted in water for a more thorough cleaning. Use a twice-wrung mop also for laminate floors, but with a cleaner specified for laminate surfaces. Diluted distilled white vinegar is a good natural option for quick floor cleaning; the vinegar smell will dissipate quickly.

Are your guests staying over? Give stored linens a good shake and hang them outside on a clothesline in lieu of re-washing them with chemical cleaners. Turn the items every couple of hours if you have time to give every surface the opportunity to gain a fresh, outdoor scent. The aroma of fresh air is healthier and more pleasing than fragrances mixed into chemical cleaners.

Source: www.COIT.com
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Why Settle for a Kitchen When You Can Have a Great Room?

Why Settle for a Kitchen When You Can Have a Great Room?
By John Voket

Earlier this month, we talked about downsizing kitchens—this isn't a move everyone wants or needs to make. So in our next two reports, we'll give equal time to those looking at morphing their kitchen from a practical utility space for food preparation, to a center of attention and functionality.
Design experts are seeing high demand for creating "great rooms," combining kitchen, dining, family and open, high-ceiling entertaining space. According to the Better Decorating Bible (betterdecoratingbible.com), there are several basic concepts to consider when "spacing out" into a great room:
Choose wall colors carefully – Different colors can help define separate areas, so select hues in the same tone family to create a seamless flow from one space to another.
Furniture – If you have a country-style oak dining table try to choose the same style furniture in your living room. Avoid anything that is super opposite like ultra-modern minimalism in the living room and a country theme in the kitchen. Try choosing the same wood, material, and style for each section of your open concept room.
Window treatments – Use the same theme throughout and all of your windows look identical. Different shades, blinds, and curtains can create a big, big decorating mess.
Accessorize – Tie in the accessories from your kitchen to your living room. If you have brown hued granite counter tops, pop a fuzzy throw in the same color family onto your couch. If you have a set of red hot kitchen aid appliances on your counters, use the same red pillows on your couches. You can even connect your guest bath decor with a red towel or rug, or even a bouquet of red flowers to tie the look together. Throw in some wooden photo frames with photos of the family to personalize your space!
Lighting – The correct lighting can define each space of your open concept layout and help visually separate them. Floor lamps in the living room work well while a pendant lamp in the kitchen blends in effortlessly.
Reprinted with permission from RISMedia. ©2013. All rights reserved.

8 Ways to Keep Work from Spilling into Your Season of (So-Called) Joy

8 Ways to Keep Work from Spilling into Your Season of (So-Called) Joy

Picture it: Three days before Christmas and you’ve still got to bake your great-grandma’s famous cookies, do your eleventh-hour shopping, scrub the house, pick up relatives from the airport, and—oh yes—finish up that year-end marketing report and field a couple of client calls. You know the holidays aren’t going to be Norman Rockwell perfect. You’ve accepted that. Still, it sure would be great if you could at least leave work behind this year and just enjoy (endure?) your family—old sibling rivalries, critical comments from Mom, tipsy Uncle Fred and all!
Actually, says Brian P. Moran, you don’t have to show up late to your child’s holiday play because you’re tying up a work project, or run off to check your email while the turkey gets cold. You just need to muster up some discipline and think about time in a different way.
“Successful people work with great focus and intention, and they play the same way,” says Moran, coauthor along with Michael Lennington of the New York Times best seller The 12 Week Year: Get More Done in 12 Weeks Than Others Do in 12 Months (www.12weekyear.com). “When they’re working they’re really working, and when they take time off, they make the absolute most of that time. Rest and rejuvenation are the other side of the success coin.
“You must be purposeful about how you spend the time leading up to the holiday breaks,” he adds. “The reason most people end up working during their holiday time off isn’t that they just have so much to do that they can never take a break. It’s that they aren’t working with intention when they have the opportunity—and thus, they aren’t executing effectively.”
Being intentional about how you spend your time is the heart of the authors’ message. Our ability to do this impacts not only business profit sheets but also the quality of our personal lives.
Below are a few essential tips for what you can do right now to make sure your days off are free of work worries (not to mention shopping-cooking-decorating worries) so that you can spend true quality time with family and friends.
Picture the perfect holiday. Pigging out on grandma’s apple pie. Singing carols with your kids. Cheering on your favorite football team. These are the makings of a great holiday season, and they should serve as the vision that will drive you through the hard work you’ll have to get done before the office shuts down for the holidays.
“Vision is the starting point of all high performance,” says Moran. “It is the first place where you engage your thinking about what is possible for you. The more personally compelling your vision is, the more likely it is that you will act upon it. It is your personal vision that creates an emotional connection to the daily actions that need to take place in your business. Once you understand the link between your vision (including that perfect holiday season) and your work, you can define exactly what you need to do to make the most of your time off.”
Create a pre-holiday season plan.
“Leading up to the holidays, it is a good idea to create a plan for each work week you have left,” notes Moran. “Your weekly plan captures just the keystone actions that drive your most important results. It defines your short-term and long-term commitments in the context of what you have to do this week. Be sure to include in your plan the non-work related tasks the holidays add to your plate, such as present shopping, tree decorating, gift wrapping, and so on. You will need to be sure to factor in time for these activities as well.”
For example, as part of the first week of your pre-holiday season plan, you might set up a meeting with your boss, colleagues, and/or clients to a) inform them of how much time you’ll be taking off for the holidays, and b) let them know what projects you’re going to prioritize. On the home front, you might also get together with your spouse to work out who will be handling what holiday responsibilities.
“All of this helps you focus on the elements of your plan that must happen each week in order to make that perfect holiday vision possible,” says Moran.
Resign yourself to being uncomfortable NOW so you can be comfortable LATER. Without a compelling reason to choose otherwise, most people will take comfortable actions over uncomfortable ones. This is just human nature. Problem is, the uncomfortable tasks you avoided prior to your holiday break are precisely the ones that will blow up, get out of control, or just keep you worrying while you’re trying to enjoy some time off.
“Important actions are often the uncomfortable ones,” says Moran. “In our experience, the number one thing you will have to sacrifice to be great, to achieve what you are capable of, and to execute your plans is your comfort. So, if your goal is to have a carefree holiday break, commit to sacrificing your short-term comfort today so that you can reach it. Take care of any tasks you’ve been avoiding now so that they can’t ruin your time off and so that they aren’t on your mind when you’re trying to have a good time.”
Know what to do when you’re not doing the things you know you need to do. Of course, upping the work ante prior to taking time off won’t be easy. There will be times when your level of execution is less than exceptional, and it’s very likely you won’t be able to ignore the nagging, guilty feeling that drop in execution brings on. But the good news is you can use that feeling—what the authors call productive tension—to get yourself back on track.
“Productive tension is the uncomfortable feeling you get when you’re not doing the things you know you need to do,” says Moran. “Our natural inclination when confronted with discomfort is to resolve it. Sometimes this leads people to simply bail on their plans. In your case, it might mean resolving that you simply can’t get everything done before your time off that you need to get done. So you throw in the towel and accept that you’ll have to do some work during your holiday break.
“But productive tension can also be used as a catalyst for change. Instead of responding to the discomfort by bailing, use the tension as an impetus to move forward. When you eliminate bailing out as an option, then the discomfort of productive tension will eventually compel you to take action on your tactics. If turning back is not an option, then the only way to resolve the discomfort is to move forward by executing your plan.”
Make the most of performance time and down time. As you work toward your time off, it will be very important that you not respond to the demands of the day reactively. In other words, you can’t satisfy the various demands of the day as they are presented, spending whatever time is needed to respond without giving any thought to the relative value of the activity. You have to use your time wisely.
You can keep control of your day through time-blocking. Basically, you block your day into three kinds of blocks—strategic blocks, buffer blocks, and breakout blocks. A strategic block is uninterrupted time that is scheduled into each week. During this block, you accept no phone calls, no faxes, no emails, no visitors, no anything. Buffer blocks are designed to deal with all of the unplanned and low-value activities—like most email and voicemail—that arise throughout a typical day, while breakout blocks provide free time for you to use to rest and rejuvenate.
“Again, be sure to factor non-work related holiday tasks into your blocked out time,” advises Moran. “If you don’t, these will be precisely the tasks that you’re either squeezing in at the last minute or end up doing in lieu of finishing up that project or returning a client’s call.
“Also, I want to stress how important breakout blocks are,” he adds. “Even in the frantic rush leading up to the holidays, you should allow yourself some down time. Always working longer and harder kills your energy and enthusiasm. Even before your time off you need to schedule time to refresh and reinvigorate, so you can continue to engage with more focus and energy. And keep in mind, your breakout blocks are great for scheduling the fun activities we associate with the holidays, like taking the kids ice skating or watching your favorite holiday movie.”
Don’t go it alone. It’s likely that out of your network of colleagues and friends you aren’t the only one who is a) hoping to have a work-free holiday break, and b) currently working frantically to make that goal possible. And if that’s the case, team up with them. The peer support you receive will be invaluable in your pursuit of the perfect holiday season.
“Your chances of success are seven times greater if you employ peer support,” says Moran. “In working with thousands of clients over the past decade, we have found that when clients meet regularly with a group of peers, they perform better; when they don’t, performance suffers. It’s that simple.
“But there is a caveat,” he adds. “Who you associate with matters. Stay away from victims and excuse makers. Treat that mindset like a deadly, contagious disease.”
Isolate yourself from modern day distractions. In our modern world, technology can be a major distraction. When you’re focused on executing your pre-holiday season plan, don’t let smartphones, social media, and the Internet distract you from your higher-value activities.
“Some spontaneity is healthy, but if you are not purposeful with your time, you’ll get thrown off course,” explains Moran. “Allow yourself to get distracted by emails, social media, or the latest viral video while you’re working your pre-holiday break plan, and before you know it, you’ll be working on the project you didn’t finish while the rest of your family is laughing and having fun in the kitchen while baking holiday treats. Learn to isolate yourself from distractions when there is important work to be done.”
Make a keystone commitment for your holiday break. As Moran and Lennington explain, many of their clients set a 12 week goal in a certain area—say, getting fit. Then they build a 12 week plan around it with a handful of tactics like “do 20 minutes of cardio three times a week,” “train with weights three times a week,” and so forth. But the other option is to again set a 12 week goal but, rather than building a tactical plan, identify a keystone or core action and commit to completing it every day for the next 12 weeks. It’s this second option that can help you make the most of your holiday time off.
“Your keystone commitment might be making breakfast for your family every morning—something you don’t get to do during a normal work week,” suggests Moran. “Or you might commit to doing a different holiday activity with your family each day—driving around to look at Christmas lights or going to a candlelight service or working in the local soup kitchen.
“Setting a keystone commitment helps you avoid wasting your time on meaningless activities,” he adds. “Remember, your pre-holiday break plan was all about spending your time with great intent and purpose so that you’d be able to truly enjoy your time off. Why should you stop being more purposeful with your time once you’re actually away from the office? Think about the difference these relatively simple commitments can make to you and your family!”
Source: www.12weekyear.com.

A Holiday Open House in 8 Simple Steps

A Holiday Open House in 8 Simple Steps
By Barbara Pronin


The holiday season is a perfect time to welcome friends and neighbors for a casual get-together that is warm and casual and relatively stress-free.
Party planners at Countryliving.com suggest eight easy steps to a successful soiree for hosts and guests alike:
Plan early – Send out invitations 3-4 weeks in advance, making it clear whether children are invited. If you plan a buffet, with guests coming and going during designated hours, check your stock of baskets, trays, and other serving supplies. Decide whether you will use real china, glassware, etc. or holiday paper or plastic – and purchase what you need early.
Plan the menu – Keep it simple, with a selection of appetizers, sandwich fixings, salads, and desserts that can be prepared days ahead of time and frozen or refrigerated until party time. Using recipes you have tried before is a good way to please your guests and stay calm and confident.
Make desserts special – Everyone loves cookies, so bake up dozens far in advance of the party. Consider pudding or mousse in pre-filled, refrigerated glasses. Add fresh fruit, and a favorite pie or two, and you’re done.
Foster the flow – People tend to follow the food, so set up stations throughout the living area. Place beverages on one table, main dishes together, and desserts on their own table. Stack plates and napkins, put utensils in a basket, and have waste baskets readily available.
Select the drinks – Offer your choice of red and white wine, beer, soda, tea and coffee. For kids, consider juice boxes.
Remember the kids – If children will be there, set up a game and puzzle table in one area of the living room. Have a selection of board games and jigsaw available, and perhaps a few coloring books and crayons.
Decorate early – Except for fresh flowers, which may be bought the day before, you can cover the tables, set out centerpieces and serve ware, and deck the halls with your favorite holiday dĂ©cor days before the party.
Do a last minute check – Moments before the guests are due, take a last look around. Check the food tables, set out last-minute cheeses or condiments, and turn on some holiday music. Light a scented candle or two to fill the house with the welcome aromas of sugar and spice or forest greenery.
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Thursday, December 5, 2013

The Changing Dynamics of Real Estate Investment

The Changing Dynamics of Real Estate Investment
By Mark L. Stockton

In today’s recovering residential real estate market, investors have played an important role, accounting for more than 20 percent of all purchases in recent months. As noted in an article that appeared on RISMedia.com on August 28, titled, “A New Breed of Real Estate Investor; The Value Investor,” there’s been a noticeable shift in the motivation of investors from those seeking deep discounts to those seeking sound investments in stable markets to hold for longer terms. This change in strategy signals an increasing need for good analytical tools to help investors make prudent decisions.

The abundance of properties that can be purchased for deep discounts has dwindled, which means proper evaluation of home values has gained importance as inventories have declined. As the anticipated holding period of the investments increases, the need to be able to evaluate the stability of individual markets takes on greater significance.

For example, a resident of Riverside, Calif., recently lost her home. She purchased it in May 2005 for $305,000, and at the time, the price was reasonable when compared to other homes in the immediate area. While I haven’t seen the appraisal that was done at purchase, I cannot deny that a reasonable appraised value for the property in May 2005 would have been approximately $305,000. What I can say with authority is that the appraised value at the time of purchase was unsustainable.

There are meaningful relationships in real estate markets just as there are in other markets (stocks, commodities, etc.) that must be monitored to support prudent lending and investing decisions. For example, we know there’s a relationship between rents and sale prices that should be considered—especially from the investor’s standpoint.

Another important relationship that’s been long overlooked that will help us understand the sustainability of property values is the relationship between the market value of a home and its depreciated replacement cost (RCNLD). There’s an old (often forgotten) adage that no prudent buyer would pay substantially more for a home than the cost to rebuild it on a similar site. This concept was once recognized by the appraisal industry and acknowledged in the cost approach to value. There was a time, not long ago, when appraisers had to provide commentary to support any cost approach in which the site value represented an excessive portion of the overall value. It was recognized at the time that a large disparity between the value of the improvements (depreciated replacement value) and the value conclusion (the market estimate derived from the cost approach) could be indicative of an unsustainable market value.

History has, in fact, shown us that when the gap between RCNLD and sale price begins to exceed its previous high in any given market, values are approaching unsustainable levels and we can be relatively certain that a correction in home prices is imminent.

When this individual purchased her house in 2005, the ratio between RCNLD and home prices (Market Experience Ratio©, or MER©) in the immediate area was in excess of 220 percent, meaning homes were selling for considerably more than twice their depreciated replacement costs. Her home and the neighboring homes were being sold very near the high point of what would become known as the housing bubble. For those of us who watch relationships closely and have developed a means of monitoring them on both a broad scale and granular basis, this was obvious. Each time this occurs, as it has on several occasions in the past 30 years, market prices respond by declining to a level that more closely approximates depreciated replacement cost. The current MER for homes in this area is averaging about 120 percent, and prices have reached reasonably sustainable levels for that locale.

Here’s the bad news: At purchase, this homebuyer was able to secure a 95 percent loan with payments structured to start off small and increase over time as her income and equity grew. Ecstatic at the prospect of being able to own a new home with a modest down payment, she was unaware of the danger that lay ahead. So too was her lender, apparently. She can be forgiven; she was not what is sometimes referred to as a “sophisticated investor.” How can an average consumer be expected to understand market dynamics and complex financial dealings? Isn’t that why they rely on professionals?

The lender, however, should have known better. What happened to real estate markets nationwide soon thereafter was not an anomaly. It has happened often in the past, and it will happen again in the future. Every time investment dollars become more abundant and credit restrictions relax, you can bet this same scenario will play out in real estate markets across the country.

This homebuyer then lost her job in 2010. She was forced to confront the fact that she was unemployed and would have to compete with tens of thousands of other unemployed individuals for a position that would probably pay less than her old job—if she could find employment at all. The value of her home had declined by nearly 50 percent in the years since she had made her purchase. Instead of building equity, she was underwater on her mortgage. Eventually, her home was foreclosed and she found herself in a position that is all too common today. While not homeless, she faced bankruptcy and the inevitable emotional and financial difficulties that ensue.

If the proper tools and analytics had been available to the lender in 2005, chances are things would have turned out better for all parties. It is reasonable to assume that the lender, recognizing the instability in the housing market, would have modified its lending practices, and terms offered to borrowers would have become more restrictive. In fact, there’s a high probability that the instability would have never reached such extremes; lenders and investors might have acted promptly and prudently to put downward pressure on rapidly inflating sale prices, and subsequent losses might have been significantly reduced.

This unfortunate homebuyer might not have qualified for a loan at all, and would have perhaps been forced to continue renting until she accumulated a suitable down payment. If, and when, she was ready to make a purchase, she might have had to settle for a “starter home” rather than opting to buy her dream house. These, by the way, are not bad things. Until recently, this was regarded as the appropriate path to homeownership in America.

So here’s the message: Prudent lending and investing must be based on more than just accurate appraised values. Values must be scrutinized for their sustainability as well. As all parties to this transaction discovered, an accurate value for a home yesterday might differ substantially from an accurate value for the same home today. That doesn’t make either value conclusion less accurate, but it does reveal that markets fluctuate and values must be viewed within the context of current market trends and long-term sustainability.

If your current valuation solution does not provide you with both a reasonably accurate value conclusion—supported by industry standard analytics—and a reasonable measure of sustainability, you need a solution that does.

Mark Stockton is managing partner of Valuation Research, LLC, the developer of The Valuation Research Assistant© and Value™. For more information, please visit www.valuationresearchllc.com.
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Barbara Corcoran Shares Tips for Becoming a Market Leader

Barbara Corcoran Shares Tips for Becoming a Market Leader
By Barbara Pronin

The Shark Tank Investor Who Cut Her Teeth in Real Estate Shares Her Frank, Feisty, and Homespun Formula for Success in Business and Life

You’ve seen her on TVs ‘Shark Tank’ – the savvy, short-haired blonde investor in her signature power dress and pearls, buying into novice companies over the past five seasons and turning more than a few of their innovative entrepreneurs into almost-instant millionaires.

But it might surprise you to know how Barbara Corcoran came by her own fortune.

The New Jersey-born ‘Shark Tank’ investor got straight D’s in college and held 20 low-end jobs by the time she was 23. Then she borrowed $1,000 from her boyfriend, quit her waitressing gig, and started a small real estate company in New York City.

“Success was a question of charisma and drive,” Corcoran said in a recent interview. “That’s the key to great salesmanship and the key to any great business.”

Over the next 25 years, Corcoran parlayed that $1,000 loan into a $5 billion dollar business empire, pulling herself up by her well-worn bootstraps to become one of the most successful entrepreneurs in the country.

She sold her real estate company, the Corcoran Group, some 12 years ago for a reported $66 million. Today, in addition to trolling the ‘Shark Tank’ for would-be entrepreneurs, she criss-crosses the country as a sought after motivational speaker, columnist, and business consultant, and has authored a handful of best-selling books imparting her wit and wisdom, including one – If You Don't Have Big Breasts, Put Ribbons on Your Pigtails – that clearly showcases her outspoken, practical approach to making it big in business.

We asked her what she believes consumers – and real estate professionals – need to do to succeed in today’s market.

“The fact is that brokers in the top 10 percent of the market produce 90 percent of the business,” Corcoran said. “So it behooves consumers to choose a top-notch, experienced agent to represent them, and agents need to do what it takes to become – and/or be readily perceived as – a market leader.”

That means using every shred of your energy, know-how, and enthusiasm to convince your clients you can do the best possible job for them, she said.

“For example, since the vast majority of today’s buyers and sellers begin their search online, it’s crucial that agents show every listing in its most favorable light on the most widely used and powerful consumer websites.”

First, she advised, help the homeowner understand how important it is to clean out the clutter.

“Some sellers need to put a third of their belongings in storage before the first prospect walks in,” she said.

Next, do whatever it takes to let the most light possible into the house.

“Lots of good light is one of the most important reasons buyers fixate on a home,” she said.

Finally, she advised, get a good photographer with a good camera, who can highlight the home’s best features – including all that light.

“Post the best of those photos and the best-written descriptions on the websites consumers go to most. An irresistible showcase on a powerful website is like having an open house every day of the week. That’s what attracts the most buyers.”

Brokers, Corcoran pointed out, are continually asked by today’s consumer, ‘is this is the right time to buy or sell?’ A smart broker will help the client understand there is no better time than right now.

“Consumers may need some help to realize that whatever will make them happiest in life is what makes this the right time to buy or sell,” she said. “If you want a better school district or a bigger backyard, if you’re ready to downsize, or you want to live closer to the grandchildren –or if you’re ready to settle down, stop paying rent, and start building a nest for your growing family, then this is the right time to make the move no matter the state of the market.”

Ultimately, she reasoned, if you don’t get top dollar for your home, you will likely not pay top price for the home you buy either – and if you buy when the market is on the rise, you would probably have to pay more for the same house later.

“It all evens out in the end, so it really doesn’t pay to wait,” she said. “A home should be considered not like a securities investment, but as the place you want to raise your family, have fun, and enjoy life. That’s really the Big Kahuna, isn’t it? That should be the message to consumers.”

At the same time, because real estate is such a local business, Corcoran advises consumers who worry about home prices to consult the Rebound Report on Homes.com to see where their town sits in terms of current home value. How far was the fall in prices from the high? How much has the market come back up – and how much room is left before it equals the high?

“In today’s environment of rising prices and multiple bids, the Rebound Report is a great resource to help you determine how much to bid for the property you want, or how to price your home,” Corcoran said.

But if the time to buy is almost certainly now, what are the questions buyers really should be asking?

“The most important thing to ask,” Corcoran said, “is how much will you enjoy living in this particular home? Go back and visit it at different times of the day. Get a feel for the neighborhood. Is it quiet at 9 p.m. on a Friday night, or is there a garage band practicing down the street – or a basketball game – ba-boom, ba-boom, ba-boom – going on directly behind the house? Check the school drop-off and pick-up point. How well-behaved are the kids – and the parents? Can you visualize yourself fitting into the neighborhood and being happy in that environment?”

Even the best house on the best street in the best area of town, she pointed out, can have loud neighbors or other annoyances you might not have known about unless you’ve made a few surprise visits at odd times of the day or night.

We asked Corcoran, whose own sales career focused on high-end properties in Manhattan, the Hamptons, and South Florida, which market segments she thinks might yield the biggest payoff as the current real estate recovery progresses.

“Almost anywhere, single family homes do better than condos or town homes,” she noted. “They lead the market into recovery and are the last ones to dip down – and high end homes tend to keep their value longer and more consistently.”

What about new construction?

“Generally, you will do well buying new construction,” she said. “But I do offer a suggestion. It may not always be true, but in most cases, buying into the last phase of a development, when there is no more land for the developer to develop, is smartest – because based on feedback from the earliest buyers, the houses that are built later will probably have the cool colors, the trendiest features, and the latest and greatest gadgets people want – which will only serve to make the house you bought earlier begin to look old and tired.”

How can agents connect most successfully with this and future generations of home buyers and sellers?

“Successful agents know there are a couple of old faithful rules that are more important today than they ever were,” Corcoran said. “Be responsive. Be mobile, but be face-to-face. Know your stuff and tell it like it is, with energy, enthusiasm, and your eye on the best outcome for the client.”

In the end, agents and consumers need to trust their instincts and their kitchen-table smarts, said the outspoken shark, who maintains that is exactly what she does when deciding which hopeful entrepreneurs she will choose to bankroll and mentor.

“I’m doing the same thing now on “Shark Tank” that I was doing all those years in real estate,” Corcoran said. “It’s always all about people. You can reinvent a house and you can reinvent a business, but those well-honed people-to-people skills are the best indicator of success.”
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Best Tips for Cleaning Glass in Windows and Doors

Best Tips for Cleaning Glass in Windows and Doors

Kathy Krafka Harkema, spokesperson for Pella, recommends these tips to create a clearer view:

Step 1: Use an ammonia-free glass cleaner. Try a premixed vinegar-based cleaner, or make your own by mixing one part white vinegar to 10 parts water and apply to the glass. Avoid getting cleaning solutions on wood, fiberglass or vinyl frames, as they may discolor the finish.

Step 2: Use horizontal and vertical motions to wipe away the cleaner with a dry, lint-free towel. Clean interior and exterior surfaces.

Step 3: Wipe up cleaner promptly to keep it from setting into the glass and frame junction, which could potentially weaken the seal.

Step 4: Rinse with clear water if streaks remain after cleaning, and dry with a clean, lint-free towel.

Inviting entryways
Another key project to add curb appeal is replacing your old, worn-out front door. Look for Energy Star-qualified wood-grain fiberglass exterior doors that look like wood, without the ongoing maintenance of wood.

"Fiberglass entry doors provide exceptional energy efficiency, weather resistance and durability," Krafka Harkema says. "Plus, stylish options in today's elegant fiberglass entry door systems with decorative glass create a distinctive look for your home."

How to hang holiday lights

Displaying holiday lights around windows, doors and other architectural features adds holiday cheer to your home and yard. Follow these tips from Lowe's to safely hang lights:

* Look for LED lights that give off a bright light but remain cool to the touch. They're also more energy efficient and often last longer than regular incandescent bulbs.

* Look for specialty hooks, clamps, adhesive-backed hardware and suction cup hooks that make it easy to attach lights to window trim and door frames. Avoid nailing into a window or door frame to hang lights, which could void the unit's warranty and impact its performance.

* A good rule of thumb is that you'll need 100 lights for every 1 1/2 foot of tree or shrub you want to cover.

Source: www.pella.com/news
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Simple Tips to Protect Homes and Homeowners as Temperatures Begin to Drop

Simple Tips to Protect Homes and Homeowners as Temperatures Begin to Drop

Fall is in full swing and no matter where you live, Old Man Winter will soon be arriving. If homeowners are not careful, they can be caught off guard, putting both their finances and families at risk.

The National Home Service Contract Association (NHSCA), the non-profit trade organization representing the nation's premiere home service contract providers offers its Top 5 winterizing tips to homeowners:

1. Turn off exterior faucets. Un-drained water in pipes can freeze, which will cause pipes to burst as the ice expands. Start by disconnecting all garden hoses and draining the water that remains in faucets. If you don't have frost-proof faucets (homes more than 10 to 15 years old typically do not), turn off the shut-off valve inside your home.

2. Remove leaves around your outside unit. The HVAC unit is likely your home's largest operating system. The compressor part of your air conditioner is located on the exterior of your home and can become inefficient with debris and leaves blocking it. You can even use a wet dry vacuum or your hands to remove the debris from the bottom for manual cleaning. Wear gloves if using your hands for manual cleaning and turn off your main breaker first – just to be safe.

3. Clean your gutters. Leaves clogging your gutters can cause big problems any time of the year. During winter months, leaves can potentially cause melting ice and snow to backup into your attic, and even your basement. Be sure to pay particular attention to gutters that have branches directly over them. Not all trees shed their leaves at the same time so you may need to check the gutters in both the fall and early winter.

4. Check your furnace filter. It's important to pay special attention to your homes operating systems during the winter months. Something as simple as a dirty filter can interfere with the free flow of air, leading to higher fuel costs, overheating and eventual shutdown of your furnace.

5. Schedule a furnace tune-up. A furnace tune-up not only includes cleaning that keeps your furnace running efficiently, but it also catches small problems before they turn into big problems that can not only cause inconvenience, but danger to you and your family. Even a small problem can lead to gas leaking into your home or dangerous carbon monoxide levels. Carbon monoxide (CO) is a deadly, colorless, odorless, poisonous gas. According to the Consumer Product Safety Commission, on average, about 170 people in the United States die every year from CO produced by non-automotive consumer products. We recommend a good quality carbon monoxide detector in your bedroom and the main area of your home. Be mindful these detectors typically need to be replaced every five to seven years. Batteries in all detectors, including smoke and fire, need to be replaced annually.

It's important to remember that while home service contracts generally provide service, repair or replacement for the major built-in appliances and systems in your home – such as dishwashers, electrical and plumbing systems, heating ventilation and air conditioning systems – regular maintenance is still very important. Many home service contract providers also offer a menu of optional items such as air conditioning systems, swimming pool and spa equipment, well pumps, and freestanding appliances such as refrigerators and washer/dryers for an additional fee. Contracts generally do not cover pre-existing conditions, but will provide service, repair or replacement for failures arising due to normal wear and tear for an average cost of $400-$550 for a 12-month period.

Source: National Home Service Contract Association
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Seven Ways to Protect Yourself from Identity Theft

Seven Ways to Protect Yourself from Identity Theft
By Barbara Pronin

Identity theft is a serious crime that can wreak havoc with your credit. Preventing it starts with managing your personal information carefully and sensibly. The Federal Trade Commission (FTC) recommends a few simple precautions:
  • Carry only essential documents – On any given day, go not carry extra credit cards, your Social Security card, a birth certificate or passport with you outside the house unless they will be needed.
  • Keep new checks out of the mail – When ordering new checks, pick them up at the bank, if possible, instead of having them sent to your home. This makes it harder for your checks to be stolen, altered and cashed by identity thieves.
  • Be careful on the phone – Identity thieves may call, posing as banks or government agencies and asking for personal information. Do not give out credit card numbers of other personal information over the phone unless you initiated the call.
  • Your trash can be a thief’s treasure - Shred all receipts, credit card offers, bank statements, returned checks and any other sensitive information before throwing it away.
  • Stay on top of your credit – Check credit card statements, be alert if a statement is missing, and make sure your credit reports are accurate. If possible, sign up for a credit monitoring service, which will alert you to any changes in your credit report.
  • Keep a list of account numbers – In a safe place, such as a locked box, keep a list of your account numbers, expiration dates and phone numbers. If your wallet is stolen, or a card is missing, you can quickly alert your creditors.
  • Create complex passwords or PIN numbers – Using a random mix of letters or numbers makes it harder for identity thieves to discover the codes.
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Tuesday, November 12, 2013

Big Marketing Ideas for Small Businesses

(Family Features)--Are personal relationships why most consumers frequent small businesses? From the mom and pop coffee shop to the small bookstore just down the street, people enjoy the personal interactions and convenience small businesses offer.
In a recent survey about interactions between consumers and small businesses from Web.com, more than eight out of 10 consumers said it’s important that a small business is customer-focused and provides personal, face-to-face interaction with its customers. Respondents also wanted a small business to be local, convenient and reliable.
Grow online: To account for consumers’ desire for personal relationships, small businesses should have a big presence on the Internet, but only 41 percent of small businesses surveyed even had a website. Those without a website said they didn’t see the need for one, or the cost of designing and maintaining a site was a barrier. On the other hand, 83 percent of consumers who responded said having a website and use of social media is important to their consideration and choice of a small business.
“Small businesses have historically relied on face-to-face relationships to grow and differentiate themselves, but today’s consumers are demanding that these relationships extend into ‘e-Main Street’,” says David Brown, president, chairman and CEO of Web.com. “Our survey found a significant disconnect between how small businesses decision-makers think they are delivering on customers’ expectations versus the reality of consumers’ perceptions. The good news is small businesses are starting to realize the Web’s untapped potential to reach consumers who are eager for online engagement.”
Stay in touch: Everyone knows how important it is to stay in touch with friends. If you’re a small business owner, don’t forget to stay in touch with your customers so they don’t forget about you. Use social media sites, such as Facebook and Twitter, along with email to notify your customers about special promotions or to just remind them about the great benefits you offer.
While it’s easy to blast an email to every customer or post an endless stream of cute pictures on Facebook, it’s important to not overwhelm or annoy your friends and followers with too much of a good thing. Keep your messages consistent, concise and professional.
If you’re not sure how to get started, the Internet offers a lot of resources about how to successfully set up your online presence and use Google, Facebook and Twitter to market and grow your business online.
Provide personal service: Set your business apart by giving every customer the personal interaction and convenience they crave. Simply asking customers about their purchases or how you can serve them better gives you a consistent stream of information you can use to refine your goods or services and increase sales. Make sure every employee understands the value in talking to customers and tracking feedback.
The bottom line for every small business is that consumers are demanding online interaction and involvement with businesses, both big and small. Consistently reaching out to your customers through a website, social media and face-to-face interactions will help your business thrive.
Source: www.Web.com.
Reprinted with permission from RISMedia. ©2013. All rights reserved

7 Year-End Tax Tips for Small Businesses

7 Year-End Tax Tips for Small Businesses
By Betty Wang

Small business owners, it's time to consider some year-end tax tips. As a business owner, this may be one of the busiest times of year for you. With less than two months left in the tax year (for most of us), you'll want to ensure that everything is in order, tax-wise -- and that you'll be able to take advantage of as many potential tax deductions as possible.
Consider the following seven tips for your year-end "to-do" list:
  • Get assistance. If you don't already have one, you may want to look into hiring a certified public accountant who can look things over for you. But there are certain situations when you'll need a good tax lawyer, not a CPA.
  • Throw a holiday party. Did you know that holiday parties provided for your employees can potentially be up to 100 percent tax-deductible? Also, parties for clients and associates may be 50 percent deductible. These deductions are subject to many rules, of course.
  • Donate to charity. There's no better way to celebrate the holidays and get a nice tax deduction for your business than by making a charitable contribution. Of course, remember that not all charitable donations are tax deductible -- they must meet specific criteria.
  • Set up a retirement plan. If you are a sole proprietor or self-employed, you may want to think about setting up a retirement fund of some sort before the year ends. There may still be time to max out your contributions so that you can lower your taxable income.
  • Classify your workers correctly. Don't forget that it's crucial that you don't misclassify your workers. There are certain key factors that determine whether a worker is an employee or an independent contractor. This could cost you if you aren't careful.
  • Keep good records. Make sure you're keeping good records of all relevant, tax-related documents for the year. This includes a record of all expenses, like receipts, for the many possible write-offs that your business may be qualified for.
  • Consult with an attorney. Feeling overwhelmed? Sure, April 15 is months away, but it may be wise to consult an experienced tax attorney now, to relieve some of that holiday stress.
Source: FindLaw
Reprinted with permission from RISMedia. ©2013. All rights reserved

Deck the Halls with Tissues and Allergy Meds

Deck the Halls with Tissues and Allergy Meds

(BPT) - Whether you live near or far, returning home for the holidays can be a nostalgic time. But for those with allergies and asthma, celebrating the season with family and friends can be anything but enjoyable.
"Stress from the holidays, traveling and briefly staying in a new environment can weaken your immune system," says allergist Dr. James Sublett, chair of the American College of Allergy, Asthma and Immunology (ACAAI) Indoor Environment Committee. "Being in these different situations can also mean coming in contact with allergens that can spur sudden allergy and asthma attacks."
To help deck the halls with holiday cheer instead of tissues and allergy medications, the ACAAI has put together the following tips to help you understand what can trigger your symptoms when returning home for the holidays.
  • Allergies are coming to town - Even if you've never before had a problem with your grandma's cat, you may find yourself suddenly sneezing and wheezing. These sudden symptoms are known as the Thanksgiving Effect, which earned its name after visiting relatives and college students, heading home for holiday breaks, suddenly noticed an allergic reaction to their pet. Allergies can strike at any age, meaning being a houseguest in a pet's home can be bothersome. If you notice you are having an allergic reaction, ask the host to keep the pet away from where you will be sleeping. Be sure to take your allergy medications and wash your hands immediately after petting your new furry friend.
  • Pass the sneezy pudding - Festive feasts are a staple of this time of year, but they can contain several health hazards if you have a food allergy. Be sure to check ingredient labels and don't be afraid to ask your loved ones how the meal was prepared. Items like stuffing can contain shellfish and holiday sauces can often have peanuts or tree nuts included.
  • Oh Christmas tree, how sappy are your branches - If you find yourself sneezing around the Christmas tree, wreaths and garland, you might be allergic to terpene. Naturally produced by plants, terpene can be found in oil and sap. Poinsettia plants can also be a problem for those with a latex allergy. Other decorations, such as menorahs and ornaments might be laden with dust from being stored in an attic all year, irritating those with a dust mite allergy.
  • Make a list and check it twice - Before you travel home for the holidays, pack wisely. Be sure you take along allergy medications, an inhaler and allergist-prescribed epinephrine if you are at risk for a severe allergic reaction known as anaphylaxis. If you rely on immunotherapy (allergy shots) for relief, be sure to schedule an appointment with your allergist before you leave.
Allergies and asthma shouldn't put a damper on holiday celebrations. Before you set out to visit with friends and relatives this season, check out smoke and pet-free hotels in the area just in case you need a new place to stay.

Source: www.acaai.org/AllergistFinder.
Reprinted with permission from RISMedia. ©2013. All rights reserved

3 Easy Holiday Shopping Strategies

3 Easy Holiday Shopping Strategies

(BPT) - Thanksgiving comes late this year, which means a shorter-than-usual holiday shopping season. If you're not the type to buy gifts throughout the year, getting an early start on holiday shopping can help ensure you have enough time to find gifts for everyone on your list, and perhaps, most importantly, save money.
Here are three things to do now to save money and time this holiday season:
Create a list (and budget) for everyone on your list
Greet the holiday season with cheer by keeping an organized list of names of everyone you need to shop for and an estimated budget for each. From family and friends to hair stylists and teachers, more names will likely appear on your list than you originally planned. Holiday shopping can be overwhelming, but if you approach it with an organized plan, you're likely to avoid overspending and can better stick to your budget. Gift cards are a great option this year, since they are the top gift people want to give and receive, according to a recent shopping survey from Discover.
Savvy shopping tip: Look into your credit card rewards programs to see if you can cash in your accumulated rewards for gift cards, some of which are offered at a discount. Redeeming rewards for store gift cards is one of the easiest and most valuable ways to save cash, which means you won't need to reach as deep into your pockets this season.
Do your research on sales and promotions
From gifts to groceries, holiday shopping includes a wide range of items, so it's important to try to find the best prices on everything. According to the survey, Americans are most influenced by sales and promotions when it comes to their holiday spending plans. In fact, 70 percent of consumers are planning to take advantage of Black Friday and Cyber Monday deals. Whether you're brave enough to face the crowds on Black Friday or prefer the convenience of Cyber Monday, shopping these big sales is a great way to stick to your budget and make a large dent in your holiday shopping list.
Doing your homework before making holiday purchases can also help you save even more. Price monitoring sites, like PriceGrabber, can compare and contrast prices for more than 1 million items, including electronics, appliances and clothing, and can be accessed right from your mobile device. If you're shopping online, your credit card may offer extra rewards on online purchases this season that'll help you save money on holiday gifts.
Savvy shopping tip: Mark your calendars with the dates of big sales and keep coupons in your wallet so you can use them at a moment's notice. If you're shopping online, do a quick search for coupon codes that provide extra discounts, as well as free shipping or gift wrap.
Use credit card benefits and rewards to save extra cash
Whether you prefer to shop in-store or online, credit cards can enhance your savings and provide added value to your shopping. Many credit card companies provide rebates, rewards and discounts on holiday essentials - at no added cost. Once the hustle and bustle of the season is over, you might find an item you want to return, but what happens if your purchase is no longer eligible? You won't have to write it off as a loss if the purchase was made with a credit card that offers a return guarantee.
Savvy shopping tip: Use a credit card that provides added security and purchase protection including warranties and return guarantees that will help you save in the long run.
Taking a little extra time to shop smart and plan ahead will help you save and stay organized while shopping for holiday gifts and essentials. You may be surprised by how many resources are available to help stretch your budget further this holiday season.
Source: Discover
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Find Classic Style in Carriage House Garage Doors

Find Classic Style in Carriage House Garage Doors

(BPT) - The carriage house garage door is to your house what the little black dress and strand of pearls are to a woman's wardrobe: classic style elements that never go out of fashion.
At the dawn of the automobile age, those who were affluent enough to own a car kept it in the carriage house, where the horses and buggy would have been stored. But this cohabitation became a little, well, smelly, and the need for separate storing structures was soon realized.
Enter the garage. Built in the style of the original carriage house, the garage's sole intent was to store the car away from the animals and elements. The word garage actually comes from the French word, garer, which means to shelter and protect. Naturally, the garage needed a door to offer protection to the automobile. The ensuing "carriage house door" was a hinged, double door that swung outward, and is considered the original garage door.
In the early 1920s, the kickout door was invented and progress continued from there, bringing us the modern conveniences we have in overhead garage doors today. Modern carriage house sectional garage doors open overhead, and continue to gain in popularity, constituting 35 percent of the volume in the garage door industry with projections to remain a huge trend.
When it comes to the style of garage door chosen, most homeowners want something classic, that won't fade in popularity over the years and will also enhance curb appeal. This is especially true if home resale is a factor. A carriage house garage door is the exterior equivalent to white subway tile in the kitchen and hardwood floors inside; classic design elements that never fade in popularity.
The carriage house door also offers myriad design elements. For example, the Classica Collection by Amarr offers a dual-directional wood grain design that provides the realistic look of wood with the practicality and low-maintenance upkeep of steel. With a three-section design and the option of larger windows, this door offers a more authentic carriage house look with the benefit of additional natural light flow into your garage. Two-tone looks are also available with many color combinations and panel designs, and hardware and window choices are plentiful. These different design options can be tailored specifically to your home's facade and will further enhance curb appeal.
If you're thinking of replacing a tired garage door in an effort to boost your home's curb appeal, consider the classic carriage house door, whose popularity has only continued to grow over the last century. With a timeless design that can be specifically tailored to your house, it's a choice that both you - and future owners of your home - can happily live with for a long time.
Reprinted with permission from RISMedia. ©2013. All rights reserved.

Tips for How to Send the Perfect Corporate Gift

Tips for How to Send the Perfect Corporate Gift

There are only a few more weeks until the holidays, so it's time to start planning what gift to give to your most important clients, co-workers and business partners. You're tasked with finding a unique, but recognizable, professional, but not too stuffy, inexpensive, but not too cheap, gift to send out to your annual list of recipients. Oh, and did we mention it needs to be different from what you sent last year?
To help make things easier, below are a handful of tips to help you find a gift that will make a lasting impression this holiday season. Follow these simple tips and you'll be sure to wow recipients and be the talk of the water cooler.
1. Be Original – Nobody wants to be the umpteenth person to send a tin of broken chocolate chip cookies or oversized popcorn (which we all know goes stale after a day of people snacking on it and forgetting to put the lid back on properly). An original and tasty treat will send employees flocking to the break room for a taste.
2. Show Professionalism – Corporate gift-giving is not the time to get crafty. Save the quirky and home-made gifts for the white elephant gift exchange. A properly packaged and professional-looking gift says "I am a grown-up and I wanted to send you something GREAT this year to say 'thank you' for working with me."
3. Mix It Up – If you're sending a gift to an entire office or department, be sure to offer something to please everyone. Send a variety of options so that everyone will have something to enjoy.
4. Avoid Perishable Goods – You know that box of pastries that arrived at 4 p.m. on Friday that nobody saw until Monday morning? They're old now and nobody wants them. If you send food, make sure it has a reasonable shelf life and won't go bad in a day. If you're not certain, ask if the item you want to purchase will be good for several days or comes in individually-packaged servings.
5. Have Enough to Go Around – Think about how many people will be receiving your gift. If you're just buying for one person (like your boss), don't get an XXL fruit basket packed with enough bananas to feed 20 people. The same goes for larger groups. If it's an office of 50 people, don't send a dozen monogrammed mouse pads, as some people will not get one and feel left out. Not sure how many to buy for? Call the receptionist. These often undervalued employees are the key to knowing what will please everyone.
6. Get in Early – This one is important. Send your gift to arrive the first or second week of December. Why? Because everyone else will send theirs to arrive the third week and they will pile up at the office and be overlooked. Whatever you do, don't send it the last full week of December. No one will be in the office that week. But you know that… you already requested off for that week.
7. Send a Note – You don't want your nice gesture to be a secret one at the holidays. Order a gift with a personalized note and get an estimated delivery date. Early on the day it's set to arrive, let the recipient know you're "sending a little something to say Happy Holidays." That will cause people to keep an eye out and may even inspire a "Treats in the kitchen from our favorite vendor!" email that can lead to new biz next year.
Source: Sweet Secrets Chocolate™

Ideas and Inspiration to Reduce Food Waste in the Home

Ideas and Inspiration to Reduce Food Waste in the Home

(Family Features)--Food waste is a major global issue that affects the environment, economy and food security. According to a 2012 report by the National Resources Defense Council, American families throw out 25 percent of the food they buy. That’s roughly the equivalent of $1,500 wasted each year.
Chef Alex Guarnaschelli, who participated in Food Network’s “The Big Waste” special and serves as a judge on “Chopped,” is encouraging food enthusiasts to love food more and waste it less, one day at a time.
“One of the most important steps we can take in an effort to reduce food waste is prepping ingredients properly right from the start,” Guarnaschelli says. “Just take time on Sunday, the day when most people grocery shop and prep for the week ahead, to wrap and protect foods to help keep food fresh all week. This, combined with other steps like planning ahead and using leftovers can go a long way in trimming food waste.”
According to Glad Food Protection’s recent Fridge to Fork report, two-thirds of Americans throw away food weekly or more frequently. Follow these few easy preparation and protection tips to help save time, money and the environment:
  • Look beyond looks: Nothing’s perfect – fresh fruits and vegetables included. Often, anything with bruises, bumps or oddities gets picked over. But a misshaped tomato could end up being the firmest and tastiest of the bunch. Don’t be afraid to buy something imperfect, you may be surprised.
  • Prep and protect: Food spoils in homes due to improper or suboptimal storage, poor visibility in refrigerators, partially used ingredients and misjudged food needs, according to the National Resources Defense Council report. Taking easy steps to prep and protect food before storing helps keep food fresher longer. For example, keep kale crisp by wrapping in a paper towel, storing in an airtight Glad Zipper bag and placing in the coldest part of the fridge.
  • Leftover do overs: Don’t scrap today’s leftovers or excess ingredients; use them for tomorrow’s meals. Extra baked or rotisserie chicken? Debone and shred what’s left, and store it in an airtight container to later make chicken enchiladas the whole family will enjoy. Leftover cooked veggies? Use them as the base for a slow cooker meal.
  • Play musical shelves: When you purchase new food, shuffle the older items to the front, putting the newer items toward the back. You’ll be prompted to use these items first, before they go bad.
  • Lead with the list: Plan meals ahead for a trip to the store. A detailed list will help curtail impulse purchases and over-buying. Be realistic about what you’re going to prepare, accounting for days you’ll eat leftovers or go out.
Source: SaveitSunday.com

Why Settling Student Loan Debt Is So Difficult

Why Settling Student Loan Debt Is So Difficult
By Brett Snider, Esq.

Settling student loan debt isn't as easy as a hospital bill or car loan payment that has gone to collections. Nationwide, many graduates are learning that their student loan debts are hard to shake.
Part of the reason, according to Reuters, is that settling student loans may only be possible when students offer large lump-sum payments, averaging "between 30 percent and 80 percent" of the entire loan amount. With the average student loan debt at $27,000, that means debtors need to shell out thousands of dollars in order to avoid collections.
What else can struggling grads do to settle their loan debts?
Settling Student Loans Isn't Cheap
When debtors become overwhelmed by credit card, medical, or auto loan debt, there are a number of debt settlement companies that can negotiate a lump-sum settlement in lieu of your normal debt payments.
But according to the Federal Trade Commission, there are hidden costs and risks to your credit by using these third-party companies. In many cases, a debtor can negotiate a settlement or modified payment plan directly with the company that is owed.
In principle, student loans can be settled in the same way. The problem is that graduates in financial trouble are unlikely to have enough assets to satisfy lenders, especially with some still owing $50,000 or more.
And since the federal government can garnish wages, tax refunds, and benefits in order to collect student loan payments, Reuters reports that a debtor is unlikely to settle federal student loans without offering "more money to the federal government than they're already getting."
Can't Settle? Try This...
Although the invasive nature of federal student loans can be an obstacle to settling debt, the government does provide unemployment deferment and income-based repayment plans that private loans do not.
If your student loan payments are more than 20 percent of your monthly income, you may also qualify for a student loan forbearance, which can put your loans on hold for a year. This may give students time to reassess their financial situations, although interest on that loan will still accrue during forbearance.
You may also consider consolidating your student loans to try to obtain a single, lower interest payment -- not to mention removing the confusion of paying Perkins, Stafford, GradPLUS, and private loans separately. But while consolidation may simplify your student loan debts, you will likely lose eligibility for federal deferments and income-based repayment.
Source: FindLaw.com

Reprinted with permission from RISMedia. ©2013. All rights reserved.

Q: When is the best time to refinance?

Q: When is the best time to refinance?

A: Many people flock to refinance while mortgage interest rates are low, particularly when rates are about two percentage points below their existing home loans.
Other factors, like when to finance, will depend on how long you plan to hold on to your home and whether you have to pay considerable fees to refinance. It also will depend on how far along you are in paying off your current mortgage.
If you expect to sell your home relatively soon, you are not likely to recoup the costs you incurred to refinance. And if you are more than halfway through paying your current mortgage, you probably will gain little by refinancing. However, if you are going to own your home for at least another five years, that is probably long enough to recoup any refinancing costs and realize real savings as a result of lowering your monthly payment.
In fact, if it costs you nothing to refinance, you can gain even more. Many lenders will let you roll the costs of the refinancing into the new note and still reduce the amount of the monthly payment. Plus, there are no-cost refinancing deals available.
Contact your lender, and its competitors, before you refinance.

Sunday, November 10, 2013

Wanda Saxx Joins Coldwell Banker Platinum Partners’ Sales Team in Pooler



Wanda Saxx Joins Coldwell Banker Platinum Partners’ Sales Team in Pooler

Coldwell Banker Platinum Partners is excited to welcome Wanda Saxx, REO Specialist and Associate Broker, to the Pooler office located at 130 Canal St. Suite 504.  Wanda is ready to help you with your residential purchases or sales; she specializes in foreclosures.   Wanda joins Coldwell Banker Platinum Partners because, “…the Company has a great reputation and truly cares about the agents!”
 
Wanda joins Coldwell Banker Platinum Partners with 5 years of new home and construction experience; she also has background and experience as an REO Specialist in Atlanta.  Additionally, Wanda has 16 years of real estate experience in both North Carolina and Georgia!

Wanda gives back to the community – she is a volunteer at Island Hospice.  She is also a certified Nurse’s Assistant at a local nursing home.  Whether helping the community or her clients, Wanda is someone who truly cares about people and all the details involved.

Wanda Sax may be reached at (678) 353.9135 or emailed at Wanda.Saxx @coldwellbanker.com.

Coldwell Banker Platinum Partners, established in 1995, is a full-service real estate firm with more than 100 sales agents strategically dispersed among its office locations stretching from Beaufort, South Carolina, through the greater Savannah area to St. Simons Island, Georgia. The company was founded by Connie Farmer Ray, president and CEO of Coldwell Banker Platinum Partners. In addition to listing and selling residential real estate, Coldwell Banker Platinum Partners’ other divisions include commercial real estate, property management, relocation services and a publishing/media division. The company’s corporate offices are located at 6349 Abercorn St., Savannah, Georgia. For more information visit their Web site at www.MyCbpp.com or call 800.505.8111.