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Monthly Archives: August 2019

Beat the Heat While You DIY

29 Thursday Aug 2019

Posted by rozalynf in Home Ownership, Uncategorized

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When you’re a DIYer, it’s not unusual to have a variety of projects to work on over the summer. Some projects require warm temperatures and long days to get everything done, while others just happen to pop up during the summer months. Regardless of the reason you’re working on things during the summer, there’s one inevitable truth that you’ll have to face: Living in South Carolina It can get really hot, working on things around the house during the summer months and into early fall.

Obviously, every summer in South Carolina sees higher temperatures than other seasons. In recent years, though, we’ve experienced some of the hottest summers on record. Too much heat and sun exposure can cause a variety of serious health issues including heat stroke and heat exhaustion, so it’s important to play it safe when you’re working out in the sun. Here are just a few things that you can do to avoid heat-related problems.

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Stay Hydrated

This one should be obvious, but you’d be surprised at how many people don’t drink enough during the hot summer months. Increase your water intake before, during and after any periods where you’ll be out in the heat and sun. As hard as it is to hear, you should also try and avoid coffee, tea and other drinks with caffeine before going out in the sun as well, because the caffeine content can actually make you lose more water. Avoid sugary carbonated drinks and alcohol, though the occasional sports drink or other beverage with electrolytes won’t hurt, since your body needs electrolytes for proper functioning, as well.

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Take Your Time

Depending on the conditions you’re used to, it can take anywhere from 7 to 14 days for your body to get used to high temperatures. If you’re going to be working outside a lot in the South Carolina heat, then you should increase your heat exposure gradually. If you’re used to air conditioning, trying to take on a full workload outdoors can significantly increase your risk of heat-related health problems. Instead, try tackling smaller tasks with big breaks between until your body gets accustomed to being out in the sun.

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Dress for the Weather

When it’s hot, it’s tempting to wear as little as possible. This can be a bad idea when you’re working outdoors, though. Not only does less fabric increase your risk of sunburn but it can also make you more likely to experience some sort of injury when you’re working. Contrary to what might seem logical, you should cover up more when working out in the heat. Cover as much of your skin as possible with light-colored, lightweight material that’s loose enough that it doesn’t cling to your body. Choose a fabric that breathes, or clothes made of wicking material designed to help keep you cool. Don’t forget a hat and sunglasses or other eye protection, either. Not only will this keep you from getting burned, but it will also slow down the rate at which your sweat evaporates (which is a good thing, as it will keep your body cooler than sweat that evaporates quickly.)

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Watch for Warning Signs

Common signs of heat-related illness include greater-than-expected amounts of sweat, confusion, lightheadedness, slurred speech, dry skin, increased body temperature and loss of consciousness. If you start to notice any of these issues, get out of the heat immediately and seek medical assistance, if necessary. Since some of these symptoms can be hard to identify in yourself, it’s also not a bad idea to have a friend or family member come check on you at least once an hour to make sure that you aren’t starting to show signs of overexposure.

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A Great Way to Increase Your Family’s Net Worth

27 Tuesday Aug 2019

Posted by rozalynf in Home Ownership, Uncategorized

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A Great Way to Increase Your Family’s Net Worth | MyKCM

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

Revealing that owning your own home is a great way to increase your family’s net worth.

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth.

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.

Bottom Line

If you want to find out how you can use your monthly housing cost to increase your family’s wealth, let’s get together to help you through the process.

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Caring For Your Brick Siding

26 Monday Aug 2019

Posted by rozalynf in Home Ownership, Uncategorized

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Caring For Your Brick Siding

Having brick siding installed on your house gives it a classic look. Unfortunately, a lot of people view brick as an install-it-and-forget-it option and allow that look to deteriorate over time. Brick homes require basic maintenance and care just like vinyl and wood siding do, though the specifics of maintenance may be a little bit different. It’s just like with anything: If you want the look, you have to put in the work to keep it up.

Fortunately, maintaining your brick isn’t that difficult. Even better, the maintenance you do now can help prevent your brick siding needing major repairs in the future. So long as you’re willing to put forth a little effort, you should be able to keep your home looking great for years to come.

For more

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Keeping The Family Home In A Divorce

22 Thursday Aug 2019

Posted by rozalynf in House Selling During A Divorce, Uncategorized

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Many divorcing couples with small children often decide to allow one spouse to remain in the house to avoid disrupting the children’s routines.  This can be done with written agreement between the spouses. Equitably mutually agreeing on delegation of financial responsibility will allow your family to focus on what matters most: the children

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A signed agreement drawn up by a mediator will help avoid questions surrounding responsibility for the maintenance, expenses, and future sale of the family home, whether it be to the spouse who remains in the home or an outside buyer. This reason alone is why it is important to know your financial position and how much each spouse can contribute. If one spouse fails to make their share of payments, it can negatively affect both parties credit rating and complicate the later sale of the home.

Be aware, some spouses are tied to the home, not only by their children, but by their own emotional investment. The house represents stability, a happier time and provides shelter from the trauma of divorce. In keeping it, they feel more in control of their situation. Some may think that keeping the home makes them the “Winner” despite the financial hardship it can bring. It is difficult enough to deal with divorce without later learning that unforeseen or UN-budgeted expenses have crept in and taken a big bite of an already tight budget. Be realistic about what is affordable.

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Preparing the House For Sale In A Divorce

22 Thursday Aug 2019

Posted by rozalynf in House Selling During A Divorce, Uncategorized

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Preparing the House For Sale In A Divorce

The first step in successfully handling the disposition of the family home in a divorce is to have a clear understanding of your financial standing. Knowing your precise financial situation throughout the emotional turmoil of divorce will keep you from making snap decisions that could severely impact your financial position.

It is crucial to know who bears the financial responsibility for making the mortgage payments. If both spouses are listed on the mortgage agreement, they are equally obligated to the lender, whether or not their name is listed on the property title. Removing a party from property title does not relieve the financial obligation of that party. Two signatures on the mortgage means two responsible parties. This also includes the homeowner’s insurance policy. It is important to know who is the beneficiary and if both parties are insured.

For previously stated reasons, it is critical that you collect and immediately provide all information regarding your home, such as  insurance,property taxes, liens, mortgages, marital debts, and marital assets to your lawyer. The more prepared you are to face your financial future, the more secure you will be in moving forward. Knowing where every dollar has to go will help you make better decisions and avoid adding undue stress to the already uncertain future that accompanies divorce.

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Knowing where you stand financially greatly influences your decision to keep, sell, or buy out the family home. There are many considerations for each option and they all require a significant amount of due diligence, financial planning, and difficult decisions.

Affordability and objective forethought are the keys to your decision-making process. poor decisions can affect you and your former spouse long after the divorce is final.

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House Selling Options During A Divorce

21 Wednesday Aug 2019

Posted by rozalynf in House Selling During A Divorce, Uncategorized

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House Selling Options During A Divorce

Many questions arise when trying to sell a home during a divorce. What needs to be done to ensure a quick and profitable sale? Who will choose the Realtor? When is the best time to list a home? Who bears the financial responsibilities of the sale? You can proactively allay your fears and clear up misconceptions by doing your due diligence and researching what to expect throughout the selling process.

The court determines who receives what based upon a variety of factors, such as the relative earning contributions of the spouses. In addition there are mutual court orders that automatically protect marital properties. An automatic temporary restraining order prohibits spouses from selling, transferring, or borrowing against the property when a divorce is filed. This should be discussed with your attorney, as this protection varies from state to state.

The family home is typically a couples most valuable joint asset and must often be sold in order to equally distribute its value between the two spouses. Therefore, it is vital for you to understand the relationship and difference between a mortgage deed and a property title. Mortgages are conditional legal agreements made for the purpose of buying a property/home. The lenders security interest is on record when the title is registered and  lien is placed on the property. . Allowing the mortgage (lender) the right to obtain a foreclosure order to take possession if payments of the debt are in default.

A property title refers to ownership of the property and the right to use it. A person on the title can transfer ownership to another party but cannot transfer more than what he or she owns. Some divorcing couples utilize a quitclaim deed, which transfers ownership from one spouse to another, but it does not transfer financial responsibility. One spouse may transfer title of the home to the other and consider him or herself free from the financial responsibility of the mortgage payments, but this is not the case. The loan payments are are the responsibility of the parties on the mortgage. In order to change the names on the mortgage, one spouse must obtain financing with which to buy out the other.

Taking ownership in title is needed when one spouse is awarded the home, but buying the other spouse out and having the mortgage in the title parties name is what is needed for full ownership. This removes all financial ties of that spouse from the property.

Before being awarded the family home and having one spouse sign over their title rights, both parties should obtain a true value. Having a real estate professional go over a detail market analysis  for value is a recommend first start. Both parties should also consult a professional mortgage lender to be approved for a mortgage. Knowing how much the home is worth and how much house you can afford will help determine if the family home should be sold or if either party can afford the financial responsibility alone.

All discussions regarding mortgages, quitclaim deeds, and title of property should be conducted with your legal adviser.

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Seniors Are on the Move in the Real Estate Market

21 Wednesday Aug 2019

Posted by rozalynf in SC retorement, Selling your Columbia Home, Uncategorized

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Seniors Are on the Move in the Real Estate Market | MyKCM

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,

 “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the senior citizens who mean so much to our land.”

To give proper recognition, we’re going to look at some senior-related data in the housing industry.

According to the Population Reference Bureau,

“The number of Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of the total population will rise from 16 percent to 23 percent.”

Seniors Believe in Homeownership

In a recent report, Freddie Mac compared the homeownership rates of two groups of seniors: the Good Times Cohort (born from 1931-1941) and the Previous Generations (born in the 1930s). The data shows an increase in the homeownership rate for the Good Times Cohort because seniors are now aging in place, living longer, and maintaining a high quality of life into their later years.Seniors Are on the Move in the Real Estate Market | MyKCMThis, however, does not mean all seniors are staying in place. Some are actively buying and selling homes. In the 2019 Home Buyers and Sellers Generational Trends Report, the National Association of Realtors® (NAR) showed the percentage of seniors buying and selling:Seniors Are on the Move in the Real Estate Market | MyKCM

Here are some highlights from NAR’s report:

  • Buyers ages 54 to 63 had higher median household incomes and were more likely to be married couples.
  • 12% of buyers ages 54 to 63 are first-time homebuyers, 5% (64 to 72), and 4% (73 to 93).
  • Buyers ages 54 to 63 purchased because of an interest in being closer to friends and families, job relocation, and the desire to own a home of their own.
  • Sellers 54 years and older often downsized and purchased a smaller, less expensive home than the one they sold.
  • Sellers ages 64 to 72 lived in their homes for 21 years or more.

Bottom Line

According to NAR’s report, 58% of buyers ages 64 to 72 said they need help from an agent to find the right home. The transition from a current home to a new one is significant to undertake, especially for anyone who has lived in the same house for many years. If you’re a senior thinking about the process, let’s get together to help you make the move as smoothly as possible.

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A Great Way to Increase Your Family’s Net Worth

19 Monday Aug 2019

Posted by rozalynf in Home buying, Uncategorized

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#Homewealth, #Kellerwilliamspreferred, #RMFRealty, #Rozalynfranklinrealtor, #SCRealtor

A Great Way to Increase Your Family’s Net Worth | MyKCM

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016.

A Great Way to Increase Your Family’s Net Worth

The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.

Owning a home is a great way to build family wealth.

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why Gallup reported Americans picked real estate as the best long-term investment for the sixth year in a row. According to this year’s results, 35% of Americans chose real estate. Stocks followed at 27%, then savings accounts and gold.

Bottom Line

If you want to find out how you can use your monthly housing cost to increase your family’s wealth, let’s get together to help you through the process.

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Time For A Pest Inspection

16 Friday Aug 2019

Posted by rozalynf in South Carolina Living, Uncategorized

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screenshot660Time For A Pest Inspection

Termites and other insects aren’t just annoying to have in your home. They can cause real damage to the structure.
Living in South Carolina its important to maintain your home against termites and other insects.

A regular inspection of your property by a pro can head off at the pass any problems before they become too serious. A routine inspection of the interior of your home, including attic and basement, as well as the exterior will give you some peace of mind.

I would recommend researching pest control companies who offer termite bonds. 10 Ten Termite Control Companies
A termite bond is a contract between a pest management company and a homeowner which provides a form of insurance which is effective after a pest inspection and treatment. With a termite bond, treatments for recurrence of termites are free for the life of the bond. Not all pest management companies offer these bonds, and the terms of the bond can vary, but they can be very useful for homeowners, especially if people believe that they will be staying in their home for at least five years.

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5 Real Estate Reality TV Myths Explained

16 Friday Aug 2019

Posted by rozalynf in Home buying, Uncategorized

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5 Real Estate Reality TV Myths Explained | MyKCM

Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.

When you’re in the middle of your real estate-themed TV show marathon, you might start to think everything you see on the screen must be how it works in real life. However, you may need a reality check.

5 Real Estate Reality TV Myths Explained

Reality TV Show Myths vs. Real Life:

Myth #1: Buyers look at 3 homes and decide to purchase one of them.
Truth: There may be buyers who fall in love and buy the first home they see, but according to the National Association of Realtors, the average homebuyer tours 10 homes as a part of their search.  

Myth #2: The houses the buyers are touring are still for sale.
Truth: Everything is staged for TV. Many of the homes shown are already sold and are off the market. 

Myth #3: The buyers haven’t made a purchase decision yet.
Truth: Since there is no way to show the entire buying process in a 30-minute show, TV producers often choose buyers who are further along in the process and have already chosen a home to buy. 

Myth #4: If you list your home for sale, it will ALWAYS sell at the open house.
Truth: Of course, this would be great! Open houses are important to guarantee the most exposure to buyers in your area, but they are only one piece of the overall marketing of your home. Keep in mind, many homes are sold during regular showing appointments as well. 

Myth #5: Homeowners decide to sell their homes after a 5-minute conversation.
Truth: Similar to the buyers portrayed on the shows, many of the sellers have already spent hours deliberating the decision to list their homes and move on with their lives and goals.

Bottom Line

Having an experienced professional on your side while navigating the real estate market is the best way to guarantee you can make the home of your dreams a true reality.

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