Tag Archives: tips

buying, commitment, Communication, education, Inspiration, organizing, planning, selling, tips, wifi

Face it! We are up to our eyeballs in the digital age.

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Face it! We are up to our eyeballs in the digital age, and your house needs to be become part of the adventure. Everyone is looking for “Hey Google” this, “Alexa” that “Cortana” help, or “Siri” that. This trend is one that will not go away. It is here to stay.

google nest mini 2
google nest mini 2

Many older homes are not fully wired for internet or any other digital gadget that the world of communication is throwing our way. Sure, some of them come with the alarm system, wired smoke alarm, or internet accessibility in every room, but for today’s buyer that may no longer be enough.

 

Rewiring the home properly for internet could be an expensive and time-consuming undertaking and the price will vary depending on how large your home is, such as a two story and the type of foundation. That is why many of the internet providers just string your internet/TV service wire on the outside of the house and not through the walls, ceiling, or crawlspace/basement. It would be better to have someone do it properly for you prior to scheduling your cable and/or internet service.

We chose to have our house rewired properly. If the cable provider wants to make any cable upgrades, they must come down the wall like all the others. We only have one main entry point from the outside of the house and on the inside the wiring will remain the same. That means if the interior wiring also needs upgraded, the installers will have to make a trip into the attic.

Smart OutletAlso, changing out some of your electrical outlets for outlets with USB charging connectors is a low-cost way to add to your device charging stations.

 

Another reasonably priced gadget to install is the keyless entry door locks. These upgrades are convenient and will also prevent you from being locked out of you home. The lower priced units do not have wify access, but the more expensive one do. When you would like to open your house remotely you would have to get the internet enabled keyless entry units and the price will vary depending on the brand and features you are looking for.

keyless entry lock
keyless entry lock

In this day and age you have all kinds of toys you can add to your home that are Wi-Fi enabled and fun to play with. Lights, heating/cooling, ceiling fans, vacuum cleaners, appliances, faucets. They sky is the limit.

 

The bottom line is you might have to be prepared that today’s buyer is at least looking for some smart-home tech that is included in the deal: smart thermostats, smart smoke/carbon monoxide detectors, smart home security cameras, and smart locks.

buying, commitment, Communication, education, Inspiration, planning, Team work, tips

Stop trying to buy a home you can’t afford!

Just because your best friend just bought a home does not mean that you are financially ready to purchase one yourself. 

You do not know their full true financial situation and unless you have set down and written down all your own expenses and income, you do not know if you can afford buying a home yourself. Just because you think you can make a certain house payment does not mean you can.  

Moving Day
So, before you start looking for your dream home you need to look at your personal financial information.

Yes, I understand you want to move out of your apartment or parents’ house and finally have your own house, but you first need to look at your own financial plan before purchasing your brick and mortar home. So, before you start looking for your dream home you need to look at your personal financial information. 

What are my bills? This includes your monthly expenses like utilities, rent, insurance, credit cards, food, gas, clothing, automotive repair and maintenance expenses, and any other monthly expense you have. When you need to pay child support or have judgments you are paying on, you need to include them. Garnishments will show up on your paycheck as deductions. 

What is my income? Pull up at the minimum 3 months of current and consecutive paychecks. This will give you a good average of your income situation. 

Have you looked at your current credit report? I don’t mean looking at your credit score. I mean looking at the things that are listed in your credit report. Every time you are late with any form of payment it is being reported to the credit reporting agencies.  

Financial Situation
After looking at your entire financial situation, you can then determine if you can afford a mortgage payment of no more than 25% of your monthly take home pay.

After looking at your entire financial situation, you can then determine if you can afford a mortgage payment of no more than 25% of your monthly take home pay. That mortgage payment needs to include the insurance and taxes on the home you are planning on purchasing. If the proposed payment of a house you are considering causes you to need a 30 Year mortgage, you may need to consider the size of  home you will purchase, or you need to pay off some of the current expenses you may have. 

Why should anyone try to acquire a 15-year mortgage for your home purchase? Very simple. You should be able to own your home free and clear and not have a mortgage payment for the rest of your life. 

commitment, Communication, education, Inspiration, organizing, planning, Team work, tips

Mastermind, a tool in your toolbox to achieve your goal.

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Mastermind, a tool in your toolbox to achieve your goal.
Mastermind, a tool in your toolbox to achieve your goal.

A mastermind group can be an effective tool to help you accomplish your goal, virtually any goal. It does not matter if it is a business or personal goal.

Many of the Mastermind Groups consist of two or more people, who work together in perfect harmony, to help each other to attain a specific goal. If two heads are better than one, five or six can kick it into high gear.

Members are committed to each other

The key to a great Mastermind Group is that members are committed to each other and are willing to hold each other accountable. Meaning that you will do what you commit yourself to do and that you are attending the scheduled mastermind group meetings. Depending on the group, a meeting could be in person, video, or a phone conference call, monthly or quarterly.

The group members need to be committed to meet. Less than that will be a waste of everyone’s time and effort. One of the main goals for all the mastermind group attendees is to help each other to get things done.

Attending a mastermind group can be a time commitment depending on the group size.

Each of the members should be given 15-20 minutes of time to discuss challenges, progress, or goals. They should have another 10-15 minutes to give their feedback, thoughts, and possible discussions about the given information. The larger the group, the more diverse the discussions or exchange of ideas could take. Due to that it is good to keep the group small. Maybe 5-10 members.

It is all about accountability and trust

To keep the flow going, make one of the members a facilitator. Make certain that no one member gets stuck in the facilitator role. Have the facilitator role rotate between members.  The facilitator will keep everybody on track and make certain that no one member dominates the conversation.

When a Mastermind group is formed or new members are added, the facilitator also gives everyone the ground rules the group will work under. This should include attendance, format of the meeting, confidentiality, making decisions, and dealing/settling conflicts. When needed, outline grounds for dismissal from the group, such as after missing a certain number of meetings or violating confidentiality.

You also should meet in an area where outside distractions are limited.

Chemistry of a Mastermind Group

Many times a mastermind group is formed without it actually being called a Mastermind group. This happens through casual networking or you happen to bond and feel comfortable and great around or with certain individuals. When you are looking for a mastermind group, look for groups who give you that exact feeling and when you cannot find a group like that start your own.

You might start with one person that fits the criteria you are looking for in an individual and together build your group.

buying, education, planning, tips

Potential Meth Lab Homes now complicate the buying process even more

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Buying a home sometimes can be a roller coaster ride. You now have to watch out for meth labs when buying any home. Not only the production, but also casual smoking of tenants or seller will contaminate the house, Continue reading Potential Meth Lab Homes now complicate the buying process even more →

education, Inspiration, organizing, planning, tips

Buying homes through a tax sale

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There are many different ways to invest in real estate. The more common known due to some of the DYI shows on TV are the rehabbers/flippers and the income/rental properties.

Another way to invest in real estate is tax sales. Continue reading Buying homes through a tax sale →

Inspiration, organizing, planning

Things to consider before you jump into buying your house.

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You are graduating from college, you have your first real job in your field of expertise, and you are ready to purchase a home and get out of the apartment you are currently in.

Before you consider looking at homes on the internet, or with a REALTOR, there are several things you should do first. Continue reading Things to consider before you jump into buying your house. →

buying, commitment, Communication, Inspiration, selling, Team work, tips

Settles Report for 9/1/2014 to 9/8/2014

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Last week we did not publish the Settles Report. We questioned some of the reported numbers that where subsequently corrected, but too late for us to publish the report during that week.

Continue reading Settles Report for 9/1/2014 to 9/8/2014 →