Wednesday, May 27, 2015

5 Moving Strategies for Military Families

Moving is an inevitable part of military life. In fact, the average military family moves once every three years. All that packing, unpacking, uprooting and re-rooting can take its toll on the entire family.

Whether your move is a PCS (permanent change of station), a TDY (temporary duty) change or an OCONUS (outside the Continental United States) assignment, these tips may help make the transition less stressful.

1. Make sure you’re the one spreading the news

“Make sure that your family members and close friends hear the news from you and that when you give the news you have time to sit with them [distraction free] and talk about it,” advises military wife, mom and blogger Megan Egerton Graham. Remember that your tone and what you say about the move will influence how the news is received, especially with children. “Make the move feel more like an adventure for your kids – set goals for them, challenges, quests to discover information about your new place,” says Graham.

2. Partner with a military-savvy agent

Cyrus Bonney, a real estate agent near Washington’s Joint Base Lewis–McChord, specializes in working with military families. “Tons of agents say they know the [Veterans Affairs loan] program, but things are changing all the time and unless an agent really works to keep up with it, he’s not going to be giving his clients the best, most accurate information,” Bonney says.

Agents who are experienced in working with active-duty service members understand the short time frames these clients have to become familiar with their new duty station and complete a home search. Due to frequent relocations, you also need an agent who understands the importance of strong resale value.

“No one taught me how to buy a house when I was in the military,” says Bonnet, who went through four moves during his own military career. “If I’d known before what I know now, I’d have a lot more equity in my properties.”

When selecting your agent, ask about their VA loan expertise. You may want to work with an agent who has a Military Relocation Professional (MRP) or VA and Military Real Estate Specialist (VAMRES) designation or who is a member of the Veterans Association of Real Estate Professionals (VAREP).

3. Share the packing

Emptying cabinets and packing boxes is hard work – especially if your military spouse is deployed and you’re faced with tackling the chore alone. Why not invite some friends over to help? Provide some snacks and music. While your pals help you pack, you can share memories and celebrate friendships. Older children may even want to involve their friends in the process. Still need extra hands? Find cleaning, organizing and packing pros before or after you relocate.

4. Take photos

Get your camera out and start taking photos of your friends and the places you’re going to miss: your house, your favorite restaurant, the park where your kids learned to ride their bikes. Having these photos will help your children remember their stories and keep them connected to their pasts.

Conversely, you’ll also want to take pictures on any house hunting trips you go on. Snap photos of your new home, the local school, mall, sports arenas and more. These photos can help your children begin to build excitement for their new home – even before they get there.

5. Ask for help

All military branches have resources for families to track expenses, find qualified real estate agents, get reimbursed and transition into a new assignment. As soon as you get orders, contact your installation’s relocation office so you can begin to understand military regulations and procedures relating to your move.

Get more tips for a smooth family move

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Tuesday, May 26, 2015

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Jason Statham Spies a Home in the Hollywood Hills

Jason StathamSome guys have a man cave. Busy, bestubbled Jason Statham gets a whole man house.

The actor — who’s on the cover of the latest Esquire magazine and stars with Melissa McCarthy in the action comedy “Spy,” out June 5 — has lived for years in a large home along the beach in Malibu.

He also shares a Beverly Hills mansion with girlfriend Rosie Huntington-Whiteley, of Victoria’s Secret runways and the blockbuster “Mad Max: Fury Road.” The couple reportedly nabbed the home for $13 million this spring.

Now comes Statham’s new man cave in the Hollywood Hills, a few doors down from a home he sold in 2011. The 4-bedroom, 3.5-bath mid-century modern home in the Hollywood Hills set him back just $2.7 million, as first reported by Trulia.

Wide-open living areas look through walls of glass onto spacious outdoor patios, a saline pool, and spa and lush gardens. You can almost picture Statham kicking back in the garden-side master suite, which features a fireplace and an attached den.

The listing agent was Sigal Diamant of Nelson Shelton & Associates.

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Is 'For Sale By Owner' Right for You?

Selling your home without an agent is entirely possible and, in some ways, easier today than in the past. Going for sale by owner (FSBO) could be a huge cost savings, since the real estate commission is the largest expense of any home sale. But FSBO is not for everyone.

If you go this route, you must be deliberate each step of the way. You’ll have to do your research and learn your market to discover what works and what doesn’t. Are homes staged? Do people price low for multiple offers or price high and wait? Is it a strong buyers’ market, or do sellers rule? Sometimes it can be hard to know, as markets can shift by neighborhood — or even by block.

In real estate today, sometimes you only get one chance to make a first impression. If you make a mistake your first time out, the market may punish you later on. Here are some other FSBO considerations for the next-generation home seller.

Online access to pricing makes going FSBO easier today

One of the biggest hurdles for sellers is pricing their home correctly and knowing the comparable home sales. It’s easier to understand pricing today, given how much information is online — particularly for someone who lives in a home where the recent comparable home sales are cut and dry. An example of this is a newer suburban development where the floor plans, layouts, fixtures and finishes are all similar.

Research your market offline, too

Learning a real estate market doesn’t take a huge amount of effort, but it does take time. Go to open houses and see what is for sale. Start this process early, and do it often.

Monitor a few nearby homes from listing to close. Real estate agents do it day in and day out, which makes them uniquely qualified to understand a market.

Be prepared to detach emotionally

Selling a home has both financial and emotional implications, whether you sell it yourself or through an agent. Knowing that complete strangers will be running through and potentially criticizing your home is enough to make any home seller feel like a wreck.

Imagine dealing with these strangers directly. If you go the FSBO route, you are front and center from start to finish. You can’t let your emotions get the best of you, and you must focus on the investment aspect of your home.

Sometimes sellers who can’t emotionally detach find themselves leaving money on the table, alienating perfectly good buyers, or both. But if you think you can see your home objectively, as a third-party product, then you might be good to go with FSBO.

It can become a part-time job

Remember the last time you sold a car or some furniture on Craigslist? It probably required time and energy to photograph your goods, post the listings, field calls, and show the items before you finally made the sale. With real estate, you can amplify that effort 10-fold.

Going FSBO can be excellent for someone with a flexible schedule or who works from home. But getting the home ready to sell means doing all of the standard sale prep work that you would do as a seller — and then taking it a step further. You need to be ready to show the home at a moment’s notice, do follow-ups, and manage the open houses and scheduling, not to mention negotiate and see the sale through firsthand.

Doubt creeps in at the 11th hour

Selling a home is not only a hugely emotional prospect, but also a gigantic financial transaction. People get scared and uncertain once it comes time to sell the home — and then they make mistakes.

It’s common to see FSBOs for sale at too high a price, or showing in poor condition. Once sellers get more realistic and serious about selling — which means pricing it right and presenting to the market properly — they often bring in a real estate pro.

Thinking of going FSBO? With so much information online today, it could be as easy as snapping some photos, writing some copy and posting online — maybe.

While FSBO does work seamlessly for many, going that route is not for everyone. Carefully weigh your options and consider if you have the time, resources, and emotional wherewithal to make going FSBO a reality. If you don’t think you’ll be able to invest those resources, reconsider bringing in a real estate agent.

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Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.



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