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What Home Projects Should You Do Yourself?

 DIY

What Home Projects Should You Do Yourself?

By: Oliver Marks

Published: March 8, 2011

Doing maintenance jobs yourself can be a smart way to save money, but choose the right DIY projects or you'll end up paying dearly.

Why pay someone to do something you can do yourself? Because sometimes doing it yourself costs more than it saves.

More than 100,000 people injure themselves each year doing home improvement jobs. So add medical bills to your DIY budget, and you ending up spending the same, or more, than if you hired a pro.

We’re not suggesting that you call a plumber each time you need to plunge a toilet. But think twice about what DIY might really cost you. Here’s how to decide.

Stick to routine maintenance for savings and safety

Seasonal home maintenance is ideal work for the weekend warrior because you can tackle these jobs when your schedule permits. Because these are routine maintenance projects, your savings will add up. Mowing your own lawn, for example, saves $55 to $65 a week for a half-acre lawn. The bigger the lot, the bigger the savings: with two acres, you’ll pocket around $150 per week.

When it pays:

  • Snow removal
  • Pruning shrubs
  • Washing windows (be careful on that ladder)
  • Sealing decks
  • Painting fences
  • Fertilizing lawns
  • Replacing air conditioner filters
  • Cleaning gutters

When it costs: Unless you have skill and experience on your side, stay off any ladder taller than six feet; according to the U.S. Consumer Product Safety Commission, emergency rooms are filled with people with ladder injuries. The same goes for operating power saws or attempting any major electrical work—it’s simply too risky if you don’t have the experience.

Become your own general contractor

If you’re more comfortable operating an iPhone than a circular saw, you could act as your own general contractor on some home improvement projects. That means you hire, schedule, and pay the carpenters, plumbers, and other tradesmen yourself. You’ll save 10% to 20% of the job cost, which is the contractor’s typical fee.

When it pays: If it’s a small job that requires only two or three subcontractors, and you have good relationships with top-quality professionals in those fields, consider DIY contracting.

When it costs: When you don’t have an established network of reliable workers, time to supervise, construction experience to spot problems, and the skill to negotiate disputes between subcontractors, your project and budget are at risk.

Invest sweat equity on big jobs

Contribute your own labor to big jobs being handled by a professional crew and cut hundreds, even thousands, off construction costs. For instance, tear out kitchen cabinets and appliances before the contractor gets started, and you might knock $800 off the cost of your remodel. Make sure you negotiate cost savings with your contractor before pitching in.

When it pays: Jobs that are labor-intensive but require relatively little skill make perfect sweat equity jobs. Perform minor interior demolition, such as pulling up old flooring, daily job site cleanup, product assembly, and simple landscaping.

When it costs: If you get in the crew’s way, you may slow them down far more than you help. Make your contributions when the workers aren’t around; mornings before they arrive, or nights and weekends after they’ve left.

Add finishing touches

Unlike the early phases of a construction job--which require skilled labor to frame walls, install plumbing pipes, and run wires--many finishing touches are comparatively simple and DIY-friendly. If you paint a basement remodel yourself, for instance, you can save up to $1,800.

When it pays: If you have skill, patience, or an experienced friend to teach you, setting tile, laying flooring, painting walls, and installing trim are good DIY jobs.

When it costs: The downside to attempting your own finish work is that the results are very visible. Hammer dents in woodwork, or sander ruts in hardwood floors will annoy you every time you see them. So unless you have a sure eye and a steady hand, don’t perform the tasks that only a skilled tradesperson will get right.

Find your next home with me! Text LKHOMES to 87778 or visit http://87778.mobi/LKHOMES for your FREE search.
Laura Key, CalBRELic #0198085
www.KeyCaliforniaHomes.com

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What To Ask When Looking At Potential Homes

Buying a house can be an intimidating and overwhelming experience. Here are some key questions to ask yourself and sellers before plopping down a down payment. Let me help you with my FREE homebuyer's class! Call me today! Laura Key 310.866.8422

New House
New House

Buying a house can be an intimidating and overwhelming experience. Here are some key questions to ask yourself and sellers before plopping down a down payment.

What To Ask When Looking At Potential Homes

Following is a list of general questions you should always ask when considering making a real estate purchase. Keep in mind, however, you are unique.

You have particular dislikes and likes as well as factors in your life that are different than other people. The point I am trying to make is that you shouldn’t stick to just these questions. You are making an important choice, so give some thought to your situation.

1. Don’t rush into things. The first question to ask should be directed at yourself. What type of home do you want? How big should it be? What amenities do you want? Are you planning for a family in the next three to five years and will the home be able to accommodate a new bundle of joy? Make a definitive list and stick to it. If you stray from it, you could end up with a house that doesn’t really fit you and suffer buyer’s remorse.

2. The next question is what area do you want to live in? Pick a few. You may find the prices to be excessive or the selection not so hot, but make sure you exhaust those areas before moving on. Again, you want to avoid buyer’s remorse.

3. Once you start looking at homes, a key question to ask is how long the house has been on the market. The amount of time will give you an idea of how flexible the owner is on price. If the house has been on the market for a month, the owner isn’t going to be very flexible. If it has been on the market for six months, flexibility will definitely exist.

4. Has the house previously been in escrow, but fell out? If so, find out why? Was it a problem with the buyer getting financing or did the buyer find out there was something wrong with the home?

5. What kind of condition is the house in and how old is it? Remember that a seller has typically done everything reasonably possible to spruce up the home. If you can see wear and tear on the house, it may be a red flag. In such a situation, you need to get a home inspection to make sure there aren’t problems in areas you can’t see such as mold, rust and water leaks.

6. If you have children or are planning on it, you must investigate the school district. Are the schools good? Are there gangs or crime in the area?

7. In addition to the home price, you should ask whether there are any additional fees such association fees.

8. What are the property taxes and what will they be when you buy? Many people are shocked to find out how much they have to kick out in property taxes. Don’t get surprised.

9. Zoning and easement issues are often overlooked when buying a home. If you are buying in a neighborhood with many homes, zoning is undoubtedly going to be for residential living. Easements, however, can be nasty surprises. Find out if there are any easements on the property. An easement gives a third party the right to use of part of the property. This can include giving the neighbor the right to do something or a utility company to place structures on your prospective property.

10. Noise is another big issue to consider. If you are serious about the property, make sure to drive buy on weekdays and weekends. If the property shares a wall with another residence, such as a duplex or condo, make sure you view it while the neighbors are home to get an idea of how loud it is.

11. In the euphoria of buying a property, practical issues can be missed. A big one is traffic. Specifically, what is the commute like between the house and your place of work? You don’t want to buy the house only to find out it takes three hours to get to and from work each day.

Obviously, you should be asking many additional questions before making a purchase. These 11 questions, however, will help you get started. Call me to schedule a time to discuss the homebuying process in more detail. Don’t forget to look into fun things to do in the area to make sure it’s where you want to live!I care about my clients and educating them is a priority! Laura Key 310.866.8422 or email me at Laura.A.Key@gmail.com

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Does HUD Offer Special Programs for Homebuyers?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

Yes, HUD offers a program called the GOOD NEIGHBOR NEXT DOOR PROGRAM for Police Officers, Firefighters, EMT and Teachers! Call for more details on this program! 310.866.8422. If foreclosures are not sold within six months, HUD will sell them for $1 each to approved nonprofit organizations and government agencies. Homes must then be used create housing for families in need or to benefit neighborhoods.

Los Angeles HUD homes, Buying A Hud Home, North Hollywood HUD homes, Westchester HUD Homes, Gardena HUD Homes, Northridge HUD Homes, Santa Clarita HUD Homes, Simi Valley HUD homes, Lemert HUD Homes, Compton HUD Homes, Lynwood HUD Homes, Hawthorne HUD Homes, Inglewood HUD Homes, Baldwin Hills HUD Homes, Playa del rey HUD homes, Marina del Rey HUD Homes, Santa Monica HUD homes, Lakewood HUD homes, Buying A HUD Home, Buying a Los Angeles HUD Home, HUD Trained Agent, HUD NAID agent, Good Neighbor Next Door

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Does HUD Offer Financing On Their Homes?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

HUD does not provide direct financing to buyers of HUD Homes. Buyers must obtain financing through either their own cash reserves or a mortgage lender. If you have the necessary available cash or can qualify for a loan (subject to certain restrictions) you may buy a HUD Home. While HUD does not provide direct financing for the purchase of a HUD Home, it may be possible for you to qualify for an FHA-insured mortgage to finance the purchase.

Los Angeles HUD homes, Buying A Hud Home, North Hollywood HUD homes, Westchester HUD Homes, Gardena HUD Homes, Northridge HUD Homes, Santa Clarita HUD Homes, Simi Valley HUD homes, Lemert HUD Homes, Compton HUD Homes, Lynwood HUD Homes, Hawthorne HUD Homes, Inglewood HUD Homes, Baldwin Hills HUD Homes, Playa del rey HUD homes, Marina del Rey HUD Homes, Santa Monica HUD homes, Lakewood HUD homes, Buying A HUD Home, Buying a Los Angeles HUD Home, HUD Trained Agent, HUD NAID agent

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Do I Need An Appraisal On A HUD Home?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

It is not necessary to have a HUD home independently appraised, HUD offers an appraisal every 6 months. Your Lender may require a more current appraisal than the one provided by HUD.  Ask your loan officer or HUD registered agent.

Los Angeles HUD homes, Buying A Hud Home, North Hollywood HUD homes, Westchester HUD Homes, Gardena HUD Homes, Northridge HUD Homes, Santa Clarita HUD Homes, Simi Valley HUD homes, Lemert HUD Homes, Compton HUD Homes, Lynwood HUD Homes, Hawthorne HUD Homes, Inglewood HUD Homes, Baldwin Hills HUD Homes, Playa del rey HUD homes, Marina del Rey HUD Homes, Santa Monica HUD homes, Lakewood HUD homes, Buying A HUD Home, Buying a Los Angeles HUD Home, HUD Trained Agent, HUD NAID agent

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How Much Money Will I Have to Put Down on a HUD Home?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

If the bid price is less than $50,000, you’re required to make an earnest money deposit of $500. HUD homes priced greater than $50,000 require a $1000 deposit.

Los Angeles HUD homes, Buying A Hud Home, North Hollywood HUD homes, Westchester HUD Homes, Gardena HUD Homes, Northridge HUD Homes, Santa Clarita HUD Homes, Simi Valley HUD homes, Lemert HUD Homes, Compton HUD Homes, Lynwood HUD Homes, Hawthorne HUD Homes, Inglewood HUD Homes, Baldwin Hills HUD Homes, Playa del rey HUD homes, Marina del Rey HUD Homes, Santa Monica HUD homes, Lakewood HUD homes, Buying A HUD Home, Buying a Los Angeles HUD Home, HUD Trained Agent, HUD NAID agent

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Should I Get A Home Inspection If I Am Buying A HUD?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

HUD does not warrant the condition of its properties and will not pay for the correction of defects or repairs. Since the new owner will be responsible for making needed repairs, HUD strongly urges every potential homebuyer to get a professional inspection prior to submitting an offer to purchase.

If you are interested in acquiring a HUD Home that is in need of repair, you may be interested in applying for an FHA 203(k) Rehabilitation Loan. When a homebuyer wants to purchase a house in need of repair or modernization, the homebuyer usually has to obtain financing first to purchase the dwelling; additional financing to do the rehabilitation construction; and a permanent mortgage when the work is completed to pay off the interim loans with a permanent mortgage. Often the interim financing (the acquisition and construction loans) involves relatively high interest rates and short amortization periods. The Section 203(k) program was designed to address this situation. The borrower can get just one mortgage loan, at a long-term fixed (or adjustable) rate, to finance both the acquisition and the rehabilitation of the property.

Will HUD make the repairs?

HUD homes are sold as-is. The new owner is responsible for all repairs and improvements.

Can I start improving on the property right away?

If HUD accepts your offer, you cannot make any repairs or home improvements until the escrow transaction has closed and title is recorded in your name.

Los Angeles HUD homes, Buying A Hud Home, North Hollywood HUD homes, Westchester HUD Homes, Gardena HUD Homes, Northridge HUD Homes, Santa Clarita HUD Homes, Simi Valley HUD homes, Lemert HUD Homes, Compton HUD Homes, Lynwood HUD Homes, Hawthorne HUD Homes, Inglewood HUD Homes, Baldwin Hills HUD Homes, Playa del rey HUD homes, Marina del Rey HUD Homes, Santa Monica HUD homes, Lakewood HUD homes, Buying A HUD Home, Buying a Los Angeles HUD Home, HUD Trained Agent, HUD NAID agent

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Making an Offer On A HUD Home?

Buying a HUD Home is not as difficult as you may think! I have helped many people purchase their 1st Home from HUD! Call me today for more details about the process! Laura.A.Key@gmail.com or Visit my website to sign up for FREE HUD Listings! http://www.KeyCaliforniaHomes.com

HUD Home

Buyers will want to make offers based on ‘as-is’ appraisals determined by HUD. HUD will accept no offers that are lower than 50 percent of their appraisal. If you offer more than the appraisal price, you will be required pay the amount of the over-bid at closing, as your lender will base their loan amount on the appraised value of the home. Also, the process is a bit different than a regular offer on property.  Your offer will be submitted online and government forms will be used to conduct the transaction.

 

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Big Predictions for Housing for Next 2 Years

Finally some GOOD news on the Real Estate front! Regardless of what the news says...Real Estate is either UP or DOWN...either way it's a good investment!  Call me to increase your worth! Laura Key 310.866.8422

crystal ball

Home sales are projected to post some big gains in the next two years, according to Fannie Mae’s latest monthly economic outlook. 

Fannie Mae economists predict that existing-home sales will rise by 10.5 percent this year, and by 6.2 percent in 2014. The economists made even bolder projections for new single-family home sales -- growing 15.1 percent this year and 44.1 percent in 2014.

"We expect home prices to firm further amid a durable housing recovery, continuing to boost household net worth, gradually diminishing the population of underwater borrowers, and reducing incentive for strategic defaults," according to Fannie Mae’s report.

Fannie Mae projects that mortgage rates will stay low by historical averages this year, but the 30-year fixed-rate mortgage will rise from an average of 3.5 percent during the first quarter to an average of 4 percent during the final three months of 2013. During the fourth quarter of 2014, mortgage rates are projected to tick up to a 4.5 percent average. 

Mortgage applications for purchases are projected to increase by 16.8 percent this year and by 17.1 percent in 2014. However, a decline in applications for refinancings will likely cause mortgage originations to be down 14.5 percent this year and by 31.4 percent in 2014, Fannie economists predict. 

Source: “Fannie Mae sees housing upturn as 'intact',” Inman News (March 28, 2013)

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Adding Instant Value to Your Home

Want to add value to your home immediately? This simple solution will help!  Ready to sell? Contact me to obtain a FREE value report on your home! Laura.A.Key@gmail.com

Do you know what the best way to add value you to your home is? The answer might surprise you because it’s also the cheapest – cleaning/decluttering. It’s true. For the cost of a bottle of household cleaner and some elbow grease you can give the value of your home an immediate boost. In fact, clean, clutter free homes are more likely to get or even exceed their asking price.   It’s amazing how shiny windows, and dust free doors, windows, and baseboards can impress potential buyers , sure cleaning and getting rid of the clutter might not be a lot of fun, but sending the extra money you get for your house will be! 

clean house

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Home Prices Surge Despite Distress

For nine straight months, national home prices have been in the positive, and the gains are only getting larger. The latest reading for November shows a 7.4 percent jump from a year ago, according to CoreLogic. That includes sale prices of distressed properties, bank-owned homes and short sales. This is the largest year-over-year jump since 2006 when we were at the height of the housing boom.

"As we close out 2012 the pending index suggests prices will remain strong," wrote Mark Fleming, chief economist for CoreLogic in a release. "Given that the recently released Qualified Mortgage rules issued by the Consumer Financial Protection Bureau are not expected to significantly restrict credit availability relative to today, the gains made in 2012 will likely be sustained into 2013."

Some had predicted price gains of between three and five percent in 2013, but these numbers seem to indicate the market could outpace expectations.

While competition among investors for distressed properties drove home price gains in much of 2012, the non-distressed market appears to be catching up. Excluding distressed sales, home prices still saw a healthy 6.7 percent annual gain in November, and analysts at CoreLogic are predicting an even larger 8.4 percent jump in December.

"For the first time in almost six years, most U.S. markets experienced sustained increases in home prices in 2012," said Anand Nallathambi, president and CEO of CoreLogic. "We still have a long way to go to return to 2005-2006 levels, but all signals currently point to a progressive stabilization of the housing market and the positive trend in home price appreciation to continue into 2013."

Just six states, Delaware, Illinois, Connecticut, New Jersey, Rhode Island and Alabama saw annual price depreciation. New Jersey still has a huge backlog of distressed properties, as does Illinois. Arizona, Nevada and California are seeing big home price gains, as investors there continue to inhale properties to take advantage of the very lucrative rental market. Still, even excluding distressed sales, Nevada saw a 12 percent jump in home prices.

There are, however, still looming headwinds to home prices, as banks ramp up foreclosures especially in states that require these cases to go before a judge. That new inventory could slow price gains in those states. Inventory, or lack thereof, is the primary driver of much of these gains. There were just 2.03 million homes for sale in November, according to the National Association of Realtors, a 23 percent drop from November of 2011 and the lowest supply since September of 2005.

Some are concerned that low inventory and not increased demand is juicing prices faster than is healthy for the housing recovery. If prices start to outpace earnings and employment growth, and then more properties hit the market this Spring, these gains could take a U-turn.

Source: CNBC by By: Diana Olick

Buyers are starting to have a hard time finding the homes they need! Let me help guide you through the market to help you obtain the home you need before prices go to far! Laura Key www.KeyCaliforniaHomes.com

FInd Your Home

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The First Ever ‘Zombie-Proof’ Home

This garrison styled home, dubbed the “Safe House”, is located on the outskirts of Warsaw Poland which was designed and built by KWK Promes from 2005 to 2009 and is essentially a 6,100 square foot concrete cube when the house enters ‘sleep mode’, folding into itself and sealing the occupants safely inside behind its thick concrete walls.

The only common entrance into this down-home stronghold is on the second floor, across a lowering drawbridge, and then through a safety zone where visitors need to be screened then “approved” before being allowed to enter into the main interior of the concrete habitat. There are walls which slide out from the side of the house towards the exterior walls creating a courtyard/garden area, and these walls can surround the property like a domestic Bastille. The colossal roll-down-garage-like-door made from white anodized aluminum doubles as a movie projection screen when it is fully closed plus it seals the patio completely inside, and the windows feature thick concrete slabs for shutters which, like a bank vault, protects the glass inside the windows. This home even comes complete with an indoor swimming pool; zombies roaming about feasting on the living and roving gangs abound looting and pillaging everything in sight, so why not let your guard down and relax with a swim melting away your troubles.

Since there would be a lack of man made electricity during a zombie outbreak, the safe house runs mostly off renewable energy sources like solar collection and a heat pump, which are also both supported by gas heat. During the winter, the glazing behind the walls collects energy from the sun, and during the summer is keeps the heat from entering the home.

The house was sold recently but the selling price is being kept a tight secret.

Zombie Open

Zombie Shut

Are you ready for the zombie apocalypse? Better to be safe than sorry! Let me help you find your next home! www.KeyCaliforniaHomes.com

Source: www.thegreatestrealestateblog.com

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Why Do You Need An Agent When Buying A Home?

My immediate response to that question is "Why wouldn't you?" For one thing, many people don't know that a buyer doesn't pay an agent; the seller does, so the services of a real estate agent are essentially free to the buyer. Also, a buyer's agent has access to historical price data for home sales in the area, which means he can recommend a bidding strategy based on real market data. Even though a lot of this kind of information is now available online, agents are much better able to analyze and interpret the data.

Many buyers will contact the agent listed with the property or walk into an open house thinking the listing agent will be working in their favor. But the seller's agent is contractually obligated to act in the seller's favor and get as close to the asking price as possible. They are not working for you.

Then there is the process of actually making an offer and handling all the details of a purchase contract. Aside from the fact that an agent is probably better at negotiating an offer than you are, there's a lot more involved than just making an offer.

There are many questions that a buyer just wouldn't ordinarily think to ask - things that could affect the outcome of the transaction. What should be included or excluded? How much time should be allocated to inspections, financing and closing? Are there any other conditions that could affect the sale?

Buying a home is a legal transaction for a great deal of money involving a whole host of local and federal laws and regulations. You will be much better off having someone in your corner who deals with these things every day.

I'd be more than happy to discuss this further or answer any questions you may have about real estate. Just give me a call.

Buying a Home is not like buying a pair of shoes or a car!  You will have to season your investment for at least 5-7 years in a good market to obtain your reward. You need an expert to help you obtain your Real Estate goals.  Call Laura Key today to start your journey and reach your goals! 310.866.8422 or email her at Laura.A.Key@gmail.com

Buying Your First Home

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25% of Consumers Have Errors on Credit Report

Consumers need to be extra vigilant about checking for any errors on their credit reports, according to the Federal Trade Commission. 

One in four Americans report they’ve found an error on their credit report, according to a study conducted by the FTC, which analyzed 1,001 consumers’ credit reports from the three major agencies, Equifax, Experian, and TransUnion. Researchers helped the consumers spot potential errors on their reports. 

Five percent of the consumers found such large errors on their report that they could have gotten stuck paying more for mortgages or other financial products, if they hadn’t taken steps to correct it before applying, according to the study. 

Twenty percent of the credit reports studied that were found to have errors in it were ultimately corrected after the consumer took steps to dispute it, which resulted in about 10 percent of consumers receiving a higher credit score, according to the study. 

Consumers are entitled to receive a free copy of their credit report each year from the three reporting agencies. 

Source: “Study: 1 In 4 Consumers Had Error In Credit Report,” The Associated Press (Feb. 11, 2013)

Keeping a close look at your credit can make or break the decision to purchase a home! Call Laura Key for more info! 310.866.8422 or Laura.A.Key@gmail.com

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Fountain of Youth Slows to a Trickle

The fallout from the housing crisis is still being felt today. One major casualty is the rate of homeownership in the country, which has fallen substantially. The picture is especially bleak for younger households, who comprise the bulk of first-time home buyers. According to U.S. Census Bureau data, the biggest declines in homeownership were among households headed by those under 35 years of age. Rates for this demographic plummeted from a peak 43.6 percent in the summer of 2004 to 36.3 percent at the end of September 2012.

Meanwhile, households aged 35 to 44 experienced a decline in homeownership from 70.1 percent at the start of 2005 to 61.8 percent as of last year's third quarter.

There are two major reasons for the decline in homeownership among younger people. First, tight lending requirements and weak labor markets made homeownership unattainable for many in the younger age brackets. Second, foreclosures caused some of these homeowners to become renters or cease to be households entirely and move in with friends or family.

Also of concern is the fact that declining homeownership rates for younger households have broad ripple effects ranging from delays in marriage and having children to reduced wealth accumulation.

Source: "In the Wake of the Housing Bust, Fewer Young Homeowners," U.S. News & World Report (01/22/13) © Copyright 2013 Information, Inc.

Buying a home is not like buying a car! Have someone who can help guide you through the curves, ups, downs and joys! Contact me today! Laura Key, Real Estate Agent Laura.A.Key@gmail.com www.KeyCaliforniaHomes.com

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Reflections of the Journey.....Denver to Los Angeles

My life consists of a few things at this point.  Studying, walking my pups, and looking for jobs.  Now I know that does not sound very exciting, but there is some lessons to be learned in my daily items.

First, California real estate is very different than Colorado real estate.  Some of what I have learned in the past five years has to be unlearned and re-learned in a different way.  Now, this isn't a bad thing, just a difficult thing at times.  The excitement of learning new things, new rules, new areas get's me all tingly inside, but taking the practice tests frustrates me so much at times I just have to get up and leave the house.  Hence, the walking of the pups.  I don't think they have been walked this much in their whole lives!  I am sure they hope my frustrations get the best of me at this point, but I digress!

So I have a hump to get over, ok....I can handle that, but can get I get over it quickly and move on because I am SO ready to get to work.

This "downtime" in my real estate career has made me realize just how much I LOVE what I do.  The thrill of helping someone buy their first home excites me.  I think I get more excited than my clients at times.  The idea that I have been a part of something so important and life changing makes me want to do it even more.  My clients are more than "clients" they become friends and what more can a "people loving" person ask for?  I have photos of my clients first babies, graduation photos, Christmas cards, thank you notes, etc.  The list goes on and on!  I LOVE IT. And all that excitement just comes from being a buyers agent.  There are new thrills on the listing agent side.  Makes my teeth buzz!

All this leads to my revelations of the job market.  You see, you don't just get your real estate license and promptly close on a house the next day.  (I WISH!) You have to find the clients, let the relationship bask in the listing or searching, go through escrow, financing, closing...etc.  You know all the background noise that is necessary to get to the really fun stuff.  You didn't think it was all just confetti and party horns did ya?

So, back to the job topic.  I was a secretary for over 15 years before becoming a Realtor, so I just KNEW I would not have any issues with finding a part-time, full-time, temp job while I am building my other part of my life.  I just thought I'd sign up with a few temp companies and everything would be fine.  Guess what folks....NOT.  At this point I have over 275 resumes out and I have three temp companies in my pocket, who have yet to produce any job, not even a one day job!  This unemployment thing....well, it's real.  There are so many people unemployed and looking for any type of work that I am in the many numbers who apply for any job they see. Cover letters, resume's, online posts, interviews (if you can get them) are what most unemployed fill their days with.  It is a very eye-opening experience and it makes me feel so much more for my clients when they let me know they have lost a job.  It's so simple to say, Oh you will get another one" when in actuality it may be months before they find one.  So all this will just prove to make me more compassionate to my clients in the future.

I don't know what tomorrow may bring on the job horizon but I do know this girl is not wasting any time with getting her real estate testing complete.

But in the meantime....can a sister get a job? Resume is ready and waiting!

Peace, love and blessings from the Realty Goddess!

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Life Changes Laura Key Life Changes Laura Key

The Joy's of Moving...NOT!

When will this ever end?  In just a few short days we are pulling out of Denver yet I stand here in the AM among open boxes, rooms still not completely packed and I am losing my mind.  How on earth do  my real estate clients do it? 

I spent some time with a wonderful neighbor yesterday and she said she has moved 26 times in her life!  WHAT????  Please...moving gods, shoot me now!  I do not EVER want to do this again. 

Funny how you can build a ton of things you think might be of value to you someday! Sure...I really needed that button from a dress I wore in 2000!  Hey, you never know when that stuff might come in handy, right?  NOT!  At one point, I stood in the middle of the kitchen, shut my eyes tight and screamed out "I NEVER WANT THIS MUCH CRAP AGAIN"  I must admit, it felt GOOD to let that out with so much emotion!  However, somewhere in that scream my secret desire was that everything would magically pack itself!  When I opened my eyes...it was still there. I guess there are no moving fairies.

Oh sure...you do things to help keep you moving along.  The iPod is on constant play.  I'm working and packing to Prince, Adelle, Rolls Royce, Busta Rhymes and a music variety that would make your head spin, but I keep finding stuff that I don't need and the packing tape makes my hands numb and we have YET to book the truck, AND THE BOXES KEEP COMING AND COMING AND COMING....(breathing heavy now) Ok, 1-2-3 breathe in...breathe out....*sigh*  Now where is  my permanent marker, I gotta mark these boxes or else I will never know what I packed!

Maybe I can take a nap at some point today...oh wait...we sold the bed! How refreshing to know I can share my madness with you!

Until next time my precious ones...love, peace and blessings from the Realty Goddess.

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Other Side of the Coin Pt. 2....Realty Goddess Turns Landlord

Alright, I must admit, the shaking and sweating has not really stopped since my last post.  Now that I am on the other side of the coin, I can REALLY put myself in my client's shoes.

Let me tell you where we are.  I have made a virtual tour of my home. Wanna see it? http://www.zingding.com/856585 There you go!  Ok, so I am advertising and showing my precious little home.  Being in the business, I know how important it is to have a good property manager.  Little did I know just how hard that would be.  We have interviewed four and three out of the four actually followed up with us.  Every property manager sees things differently and only two of the four belong to NARPM. That's the National Association of Residental Property Managers. http://www.narpm.org/

When working with Property Managers, it's important to know they will be working for YOU.  So ask for a copy of their property management agreement before signing anything.  Ask questions, do your research, do NOT just pick the first one you find.  Do they run credit checks, what are the up-front charges, do they handle payments electroncially, can they handle evictions if things go wrong, will they help in finding good repair people for issues and if so is there a cap on getting those done with your approval...(whew, see what I mean?)

You will need to make sure all possible tenants are screened appropriately.  It's important you know the rental history and credit history of the person living in your home!  I get conflicting info on this but I feel it's important to do a background check as well, but that's the HOMEOWNER SIDE OF ME! 

Will you take pets? If so, will there be limits to what kind, size, how many? Will you require a full months deposit? Will the tenants be responsible for utilities? These are just a few of the questions you will have to answer if your decide to rent your property out.  Be prepared!

Alright, so we are showing our home now.  I have had about 500 hits on my virtual tour.  (yes rental vacancy rate in Denver is about 1.4%; VERY LOW) I have now shown my home to about 15 people but I have no applications as of yet. That's ok, it's only been advertised a few days.  In my case, I am the one showing my home.  That has been an interesting adventure.  Tenants want to tell your their background and negotiate immediately but I have to step back, take a deep breath and say, you will have to fill out an application, write a letter if you want to explain anything that might pop up and do the proper procedures for an application.  I show leasing property all the time but now I have to remember that the same procedures apply even though this is MY home.  I am still Laura  Key, REALTOR®, (that's Realty Goddess to the world) and that means I have ethics and housing laws to uphold.  I stand by my profession and I will uphold all my duties. I LOVE my job and I want to keep it, nothing unethical is worth risking my license.

So bring it on....it's a new journey and a new adventure. I shall keep you updated as we go along.

To be continued.....

Follow me on this blog, twitter, facebook, google+ and foursquare.  Maybe I will make you smile a little during your day, maybe I have some education for you or maybe I can just allow you to take a little breather from your hectic day!  Love, blessings and peace from the Realty Goddess!

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Landlord, Life Changes, Real Estate Laura Key Landlord, Life Changes, Real Estate Laura Key

The Other Side of the Coin...Realty Goddess Goes Landlord

I have been in Real Estate for five years now. It's had it's up's and it's down's but I really can't see myself doing anything else (besides singing of course) I love people! I love helping others start new chapters in their lives. My clients become my "friends" and I have experienced wonderful things in this career. I've seen babies born, marriages, retirements, and everything in between that cause changes in other's lives. I pride myself on repeat business and referrals! I have counciled people on the hardships of facing foreclosure, living through a short-sale and relocations. 

One thing I have just “dabbled” in is rentals.

Enter the “Jaws” theme song……

When I joined my current company, Cliffdwellers Real Estate (www.Cliffdwellers.net) I came in with a STRONG wind!  I think I might have frightened my managing broker, Tony Cline.  I am pretty wild in spirit!  Cliffdwellers also does property management for the Denver Downtown area and manages over 200 properties.  With that being said, one thing I was not too excited about was doing leasing.  I never really wanted to try it, I only wanted to be a listing and buyer’s agent. 

In the last year, I started doing leasing reluctenly.  For some reason “renters” and I just did not have the “relationship” that a buyer or a seller and I experienced. I'd make appointments, confirm them and find myself standing outside for 30 minutes waiting for people who just did not show up! Ah, yes, leasing is a different type of beast in real estate. 

However with the housing market being what it is right now, there are more renters than buyers.  Long story short….I jumped in the renters pool - both feet first.  Slowly I got my groove, I had a plan and before you know it I was helping renters find a cool place to live and opening new doors in my business. I am proud to say I have opened another door to my future and have also created more friends in this new avenue.  Why are some things so scary at first, then you conquer them and look back and say….Oh, what was I so afraid of?

Enter a NEW ROAD!  (Now you must sing “follow the yellow brick road” in your head) Can you see that music is the soundtrack of my life?  But I digress….

As everyone knows now, we are moving to Los Angeles in just a few short weeks.  We currently own our little red brick home.  We have made memories here, we have touched every single room and made it ours.  We take pride in our house and LOVE our neighbors. So, what to do, what to do????

It would not be wise to sell our home in this market, so now the Realtor becomes the Landlord!  Time to rent!  Now my knees are shaking, I’m wiping sweat from my brow and I am a bit sick to my stomach.  It’s so easy to guide others in my business.  I’ve worked with investors many times over.  Fix and Flip (no problem) Fix and Rent (no problem) BUT MY HOME….PROBLEM!

(To be continued….Tune in next time for the adventures of the Realty Goddess turns Landlord)

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