Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to Pay

Closing Costs: Understanding What It Costs to Close on a Home and What You Can Expect to PayIf you’re in the process of buying a new home, you’ve likely heard the term “closing costs” in regards to the many different fees and taxes that you’ll be required to pay during the purchase process.

In this post we’ll look at a number of these closing costs and what you will be expected to pay when you buy that next dream home.

Taking out a Mortgage? There Will Be Fees Attached

If you’re taking out a mortgage to finance the cost of buying your home you’ll end up incurring a variety of fees. Nearly all lenders will charge a mortgage application fee, which covers the cost of processing your application and all of the necessary paperwork.

You’ll likely have to pay for a professional appraisal of the home as well, as the lender will want to ensure that they aren’t lending you more than the house and property are actually worth.

Inspection And Insurance Costs Will Add Up

If you’re buying a pre-owned home you’ll need to pay for a home inspection to gain an understanding of the home’s condition and if you’ll need to make any repairs in the near future. You’ll also need to purchase homeowner’s insurance on the property to protect yourself in the event that something does go wrong with the home.

If you put less than 20 percent down on the cost of the home, your mortgage lender may also require that you purchase private mortgage insurance; this will vary depending on which state or province you are buying in.

Don’t Forget About Escrow Fees and Taxes

As with any major financial transaction you’ll need to satisfy the tax man by paying various taxes on your purchase. These will vary depending on where you are buying your home, but might include sales taxes, property taxes, transfer taxes, recording fees, title transfer fees and more.

If you used a third-party escrow service to manage these fees or to hold your deposit during the closing process you’ll also need to pay escrow fees prior to signing the final paperwork.

If you have other questions about the closing process and fees or costs that you’ll need to pay when you purchase a home, contact your local real estate agent. They’ve assisted many individuals just like you with their home purchase and will be able to provide expert advice.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Creative Ways To Recycle Everyday Household Items

Creative Ways To Recycle Everyday Household ItemsEvery week the trash truck comes to pick up our garbage and unwanted items, which are promptly taken to landfills. Instead of filling landfills and just buying new items to stuff our homes, we can help the earth and recycle everyday household items.

Below are a few fun and creative ideas for recycling things around your home that you might be ready to trash.

Coffee Table Into Bench

If you just purchased a new coffee table, don’t give away the old one — repurpose it. Find a space in your home where you could use some additional seating, like at the end of your bed or in the entryway.

Push it up against the wall so that any drawers and shelves are facing out. Then add some cushions and pillow. Tada; a bench!

Copper Piping Into Bathroom Hardware

Whether you’re going for a modern industrial look or a French country theme, old copper piping can add an attractive and interesting conversation piece to your restroom.

Utilize a U-shaped piece of piping as a toilet paper holder and long pieces of pipe as towel racks. Polish the copper and then seal it with spray lacquer so that it keeps its sheen.

Light Bulbs Into Decorations

Recycle filament light bulbs with a fun little craft project for your children. Grab paint, twine, glitter and glue. You can make flower pots and hang them in the yard as a simple green accent.  Use the twine to create loops for hanging.

Pillowcase Into Shopping Bag

Take an old or vintage pillowcase, lay it flat and cut the top corners off of the open end. You’ll want to cut the corners off in a half-C shape so that that there is only about a two-inch strip left in the middle at the top.

Sew that two-inch strip together and you’ve got your handle. This reusable shopping bag rolls up tight and is easy to wash.

Drawer Into Dog Bed

The size of your animal will dictate the size of drawer you should repurpose. A cat might like a kitchen drawer while a bigger dog would use a large dresser drawer. Strip the wood off the drawer and repaint. Remove the hardware.

Maybe stencil your pet’s name on the front of the drawer. Then create a mattress using foam, batting and a soft and durable material.

Before getting rid of that broken side table or trashing those carry-out chopsticks, take a second look and tap into your creative side to see if you might be able to recycle and give them a second life.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

How To Emotionally Detach From Your Home When Selling

How To Emotionally Detach From Your Home When SellingLet’s face it, selling your home can be an emotionally difficult process – especially if you have lived there for a long time. When you make a house your home, it holds many of your memories and it becomes a part of your identity.

How can you sell the house in which your child took their first steps, where you held many dinner parties and where your family celebrated so many birthdays and holidays together?

You will go through a period of transition when moving house, which can be mentally and emotionally tiring.

It might be hard to sell your home, but time marches on and eventually it is time to move to a different location or simply downsize or up-size to suit your changing family situation.

The problem with being too emotionally attached to your home is that it makes it difficult to sell. When you have a sentimental attachment to your home you will estimate its value as higher than it really is and you will have trouble accepting counter offers.

Which could mean that your home is on the market for a long time when it could possibly have been sold for a reasonable price.

Here are some tips for emotionally detaching from your home so that it is easier to sell:

Remove Your Personal Items

Taking any of your personal items out of the house will make it a lot easier to sell, because the buyer will be able to imagine a blank slate filled with their items instead. Also, it will make the process easier on you if you can remove your family photos, keepsakes and personal items – because it will make the house feel less like yours.

Think About Your New Home

Whether or not you have already bought your next property, it’s time to start thinking about it as your new home. It will take some time, but you can transfer that emotional connection to the new place where you will live.

Start to focus on all of the things that you are looking forward to about living in your new home.

Preserve A Record Of Your Old Home

Take photos and even make a video tour of your old home before you move – so that you can always remember where you used to live.

Get An Outside Opinion

Ask your real estate agent or a professional home stager to take a look at your home with unbiased eyes to let you know what you should change to help it sell faster.

They might tell you to eliminate the jungle wallpaper in your son’s bedroom that you love – but they are probably correct in a way that you can’t see because your emotions cloud your judgement.

With these tips, you should be able to emotionally detach from your old home, so that it is easier to sell. For more information contact your real estate professional.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Not Sure If It’s A Boy Or A Girl? Stunning Gender Neutral Nursery Design Themes For 2014

Not Sure If It's a Boy or a Girl? Stunning Gender Neutral Nursery Design Themes for 2014When it’s just about time to welcome a new family member into the home, you want to ensure that you’re as prepared as you can be. If you’re becoming a parent for the first time, being prepared for your baby’s arrival is especially important.

Just because you want to be prepared, however, doesn’t mean you have to reveal your baby’s gender if that’s something you wish to keep a surprise. Here are some stunning gender neutral nursery designs for 2014.

Purity And Peace: Shades Of White

A design for a neutral gender nursery that is becoming increasingly popular is one that is full of different shades of white, bringing with it an atmosphere of peace and purity.

Suited just as well to your baby girl or baby boy, a nursery with white walls and off-white or cream linens will certainly create a perfect canvas.

Once your baby’s gender is determined, a colored rug or wall decorations can make the room more gender-specific, though leaving it as an all-white haven works well, too.

Common focal points in these kinds of “purity” themed nurseries are crystal chandeliers, grandiose white drapery around the baby’s crib, or antique furniture. Mirrors with intricate frames also work well in these kinds of rooms, and subtle pastels can be added while still maintaining a gender-neutral theme.

Gender Neutral With Neutrals And Primaries

Of course neutral colors work well for creating a room that will be suited to a boy or a girl, but you don’t have to leave out the colors completely in order to obtain a gender neutral feel. Instead of opting for a light pink or baby blue, primary colors tend to be more gender neutral, so opt for shades of green, yellow, and red.

Another option is to create a multi-colored atmosphere by making use of all the primary colors in your nursery’s decor and design elements, while opting for neutral colors for the walls, carpeting, and bedding. Using this strategy, you can create an ultra-modern or slightly retro room, while the vibrancy of the colors make it an ultra-fun space.

A Wild Safari: Fit For Boys And Girls

Wilds safaris are just as suited to boys as they are to girls, and this kind of nursery theme is one that is especially popular when creating a gender neutral atmosphere. When creating this kind of a wild safari nursery, you can make creative use of wall motifs and wall decals to recreate a scene from the jungle.

Images of a jungle’s terrain, giraffes, and elephants will certainly create the perfect space for your baby boy or girl. These themes can make use of neutral colors like beige, brown, and white, while also working in some of the gender neutral primary colors like yellow and green.

Whether you choose to go on a “baby spree” with a wild safari theme, or opt for something a little more classic and modern by using white or primary colored nursery themes, there are many different ways you can prepare for your baby’s arrival without spoiling the secret.

Your baby boy or baby girl will love their nursery, and you will love the pleasant surprise! If you’re on the hunt for a new home that offers the perfect space for a nursery, get in touch with your real estate professional today, and start your home hunting as soon as possible.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

It’s Not Just Car Storage: How to Transform Your Garage into a Brand New, Highly Usable Space

It's Not Just Car Storage: How to Transform Your Garage into a Brand New, Highly Usable SpaceIn some homes, garages are used only for car storage. They may appear to be bare and without real functional use for homeowners. However, other garages may be an envy of the neighborhood – they may have floor to ceiling shelving systems, and they may be the picture-perfect image of organization.

With a bit of planning and creativity, you can turn your garage into a much more functional space. Here’s how you can make your garage the most useful space in the house.

Determine What You Need To Store

One of the most important steps to take when improving the functionality of your garage is to determine which items you need to store. The last thing you want is to invest in a shelving system or cabinets for your garage only to later realize that your belongings do not fit in the features you have purchased. Take an inventory of the items you want to put in the space as well as their sizes and dimensions, and then take stock of the space available to store these items.

Invest In Storage Features

There are numerous types of storage features that you may choose to invest in for your garage, such as cabinets, drawers, wall pegs, shelves, overhead storage features, and bins.

The best storage features for your garage are those that take into account your accessibility needs. For example, seasonal items that you may rarely need access to may be placed in overhead storage features that hang over the cars. On the other hand, screwdrivers and other tools that you may need to use more frequently should be placed in a more accessible area.

Consider The Look Of The Garage

Some homeowners truly do not care what their garage looks like, but you should keep in mind that this is a room that is revealed to the outside world each time your garage doors are raised. This can indeed affect curb appeal and others’ impressions of you. Therefore, think about investing in a full garage storage system rather than piecing together different items.

If your garage looks like a war zone, you are wasting valuable storage space and compromising your property value. Investing in aesthetically pleasing and highly functional storage solutions can turn your garage into a major selling point and a great multi-use space. For more great home renovation ideas, or to find your next home in a community that suits you, contact a real estate professional today.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Selling to Millennials: Three High-Tech Upgrades That Will Increase Your Home’s Appeal to Young Buyers

Selling to Millennials: Three High-Tech Upgrades That Will Increase Your Home's Appeal to Young BuyersMillennials are finally starting to enter the real estate market after delaying home purchases for several years. With a completely new client base looking for homes, it is time to start making your home more appealing to these young buyers.

Millennials are used to using high-tech gadgets every day, so they are going to desire these things in their new home. While there are several high-tech upgrades you can make on your home, these three will appeal the most to young homebuyers.

Keyless Entry: Security for the New Millennium

Keyless entry doors are becoming a popular way of keeping a home secure while adding that great “wow” factor. These keyless entry systems mean there’ll be no more fumbling for keys when all you want to do is get in the door. It may seem like something out of a sci-fi film, but several companies have mastered the art of keyless entry doors that you can use in your home today.

The door automatically locks when it is shut, and you will need the correct fingerprint to unlock the door. If you could show off a keyless entry system at your open house, you would immediately pique the interest of every young buyer interested in technology.

A Home Security System is a Great Practical Addition

A high-tech home security system will certainly make your home more appealing to young buyers, who may even be thinking about having children in the near future. No matter how safe your neighborhood is, everyone is always looking to feel more secure at home. Placing a few security cameras around the exterior of your home will allow you to know what is happening outside at all times, and buyers will love having that peace of mind.

Home Energy Monitor: For the Eco-Conscious Generation

Young people are extremely conscious of the environment, so they would love seeing a home energy monitor when shopping for a new home. A home energy monitor is able to track the energy use of every aspect of your home.

If you think your air conditioner is not running efficiently, a home energy monitor can tell you whether or not you’re right. Since young people know about the dangers of improper energy use, they will want to make the home as efficient as possible.

Millennials are slowly entering the real estate market, and although they are starting to look at homes, you’ll face a lot of competition from other homeowners looking to pass properties onto this new generation. These three upgrades will increase your home’s value and make it more appealing to Millennial buyers. For more information about selling your home, contact a trusted real estate professional today.

posted by Bill DesautelsP: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

Wrought Iron, A Simple, Strong, And Beautiful Addition To Any Modern Home

Wrought Iron: A Simple, Strong, and Beautiful Addition to Any Modern HomeWrought iron is a classic accent that has been used to beautify homes for centuries. Its strong and simple elegance is a wonderful addition to any modern home and can be incorporated into home design in many different ways.

A Masculine Addition To Any Design

Wrought iron is considered to be masculine from a design standpoint. It is a great way to add depth and balance to a home.

It works well with both light and dark palettes, and can be incorporated into most modern home designs.

Because it is fabricated by welding, wrought iron has a strength beyond that of most construction materials. It also adds a dramatic finish to exposed beams and ceilings.

Wrought Iron Railings Are Strong And Supportive

These railings are durable and can be fabricated in many beautiful designs. They have been a popular choice in home design not only for aesthetic reasons, but also because of their strength.

Railings of all kinds can be done in wrought iron. Staircases, landings, and decks are just some of the places we are seeing more wrought iron in modern homes. Entry gates in wrought iron make a rich and dramatic statement. They are impressive, add great appeal, and are quality security features.

Showcase Natural Woods And Make Them Stand Out

There is something so striking about the combination of wood and iron. Accenting a wooden gate with large wrought iron hinges and handles gives the gate new depth and beauty.

Staircases are also an excellent place where wrought iron and wood can be combined to create eye-grabbing features in modern architecture.

Wrought iron décor items make the richness of wood stand out beautifully. A couple of small sculptural pieces on a wooden mantle or floor will bring attention to the natural beauty of the grain.

Furniture For Both Outside And Inside Of The Home

Wrought iron furniture finds a fitting home in modern architecture. It has always been a popular choice for exterior design, but is being incorporated more into interior design as well.

Wrought iron patio furniture and trellises are used as focal points in outdoor landscaping, and the same can be done inside. Wrought iron in a modern kitchen or any room is quite striking. Tables, chairs, and beds can all be found in unique wrought iron designs.

Find Functionality With Wrought Iron Fixtures

Wrought iron lighting fixtures are dramatic and beautiful. From sconces to chandeliers, lighting fixtures are a functional way to bring wrought iron into a home.

Some designers like to showcase the entry of a home with an impressive chandelier. The theme is easily carried through a home by using these lighting fixtures in the dining room, hallways, and kitchen. Impressive outdoor fixtures and light posts can light the way for visitors to your doorstep.

Wrought iron is a simple, strong, and beautiful addition to a modern home. It is a great way to add appeal and value to your house and property.

posted by Bill Desautels

P: (802) 655-9100 (800) 639-4520 x217 F: (802) 655-0400 E: condoguy@condoguy.com

The Condo Guy – Vermont condo real estate

The Condo Guy has been providing advice to buyers
and sellers of Vermont condos real estate
for nearly 30 years.

Real Estate sales and marketing in the Greater Burlington Vermont region has been my occupation and passion for more than 30 years. My focus has been on the sales and marketing of condominiums with a generous amount of single family home sales thrown into the mix. Each week I bring information of interest that not only focuses on the local home and condo real estate community but also provides context to the Burlington market in respect to larger market real estate trends. I enjoy feedback and the opportunity to meet my readers and experience their home. The Condo Guy is here for you when it comes time to buy or sell your condo or home.

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