Showing posts with label Elite Realty. Show all posts
Showing posts with label Elite Realty. Show all posts

Wednesday, December 26, 2018

STAY SAFE.....take precautions when it comes to your fire risk!

A wonderful time of year!  Stay safe!

Residential fires take their toll every day, every year, in lost lives, injuries, and destroyed property. But many conditions that cause house fires can be avoided or prevented. Taking the time for some simple precautions, preventive inspections, and concrete planning can help prevent fire in the home and can save property and lives should disaster strike.
  • *Check holiday lights for fraying or broken wires and plugs. Follow the manufacturer’s guidelines as to how many multiple strands can be joined together, as a fire hazard could result from overload. Enjoy indoor holiday lighting only while someone is home, and turn them off before going to bed at night.
  • *Candles add a welcoming, festive feeling, and need to be placed in stable holders and located away from flammable items, drafts, pets and children. Never leave burning candles unattended, even for a short time.
  • *Keep live Christmas trees in a water-filled stand and check daily for dehydration. Needles should not easily break off a freshly cut tree. Brown needles or lots of fallen needles indicate a dangerously dried-out tree which should be discarded immediately. Always use nonflammable decorations in the home, and never use lights, even LED types, on a dried-out tree.
  • Electrical items including lamps, appliances, and electronics should be checked for frayed cords, loose or broken plugs, and exposed wiring. Never run electrical wires, including extension cords, under carpet or rugs even temporarily as this creates a fire hazard.
  • Fireplaces should be checked by a professional chimney sweep each year and cleaned if necessary to prevent a dangerous buildup of creosote, which can cause a flash fire in the chimney. Cracks in masonry chimneys should be repaired, and spark arresters inspected to ensure they are in good condition and free of debris.
  • When using space heaters, keep them away from beds and bedding, curtains, paper – anything flammable. Always follow the manufacturer’s instructions for use. Space heaters should not be left unattended while in use or where a child or pet could knock them over.
  • Use smoke detectors with fresh batteries unless they are hard wired to your home’s electrical system. Smoke detectors should be installed high on walls or on ceilings on every level of the home, inside each bedroom, and outside every sleeping area. Statistics show that nearly 60% of home fire fatalities occur in homes without working smoke alarms. Most municipalities require the use of working smoke detectors in both single and multi-family residences.
  • Children should not have access to or be allowed to play with matches, lighters or candles. Flammable materials such as gasoline, kerosene, or propane should always be stored outside of and away from the house.
  • Kitchen fires know no season. According to the U.S. National Fire Protection Association, cooking is the leading cause of house fires. Grease spills, items left unattended on the stove or in the oven, and food left in toasters or toaster ovens can catch fire quickly. Don’t wear loose fitting clothing, especially with long sleeves, around the stove. Turn the handles of pots and pans away from the front of the stove to prevent accidental contact. Keep an all-purpose fire extinguisher within easy reach. Extinguishers specifically formulated for grease and cooking fuel fires are widely available and can supplement an all-purpose extinguisher.
  • Have an escape plan. This is one of the most important measures to prevent death in a fire. Visit ready.gov for detailed information on how to make a plan. Local fire departments can also provide recommendations on escape planning and preparedness. In addition, all family members should know how to dial 911 in case of a fire or other emergency.
  • Kim Duclos

Wednesday, March 14, 2018

 

HOME IS POSSIBLE!


I just wanted to remind you that the 4% down payment assistance from Home is Possible is no longer available on FHA! (boooo!) but we HAVE 2% and 3% on FHA which is STILL a WINNER!

REMEMBER the 5% Home is Possible on Conventional is still available! ( HOORAY!!!)
If you have any questions or need to see if someone qualifies for either let me know!
 
Kim Duclos crs
702.521.3939
 
 


Tuesday, January 9, 2018


Short Term Rentals
Do you know of anyone planning to go to the Las Vegas Motor Speedway, NASCAR Weekend March 4, 2018?  Are they looking for a place to stay?  Each year, there are homeowners who rent their home for a big premium because hotels are in short supply and demand for private homes is up.

Homeowners go on vacation and make tax-free income while temporary tenants rent their home. Homeowners can benefit from a little known provision in the tax code that does not require taxpayers to recognize the income derived from renting their home for less than 15 days per year.

This situation can particularly benefit homeowners where there are large sporting events nearby like golf and tennis tournaments, championship games or other high attendance venues.  Now with Las Vegas having the NHL, NFL, WNBA, NRF, LVMS and more, the demand for a private residence can be more attractive than staying in a hotel which makes the price go up.
Obviously, there are challenges with personal belongings and damage but getting a premium rental rate and not having to recognize the income could be worth it. You’ll certainly want to discuss this with your tax professional prior to making this decision. You’d probably also want to get some help from an experienced real estate professional.
 
Call Kim for your Real Estate questions and needs
702-521-3939

Wednesday, January 3, 2018

 
Join us this Saturday - Now is the time to make your move!
Lender on site to answer your questions pertaining to a home loan.
 

Thursday, December 21, 2017

NOT ALL THEIEVES ARE STUPID - GOOD END OF YEAR REMINDER!


 
NOT ALL THIEVES ARE  STUPID

  1. LONG  - TERM PARKING
  Some  people left their car in the long-term parking at San Jose while away, and  someone broke into the car. Using the information on the car's  registration in the glove compartment, they drove the car to the  people's home in Pebble Beach and robbed it.  So I guess if we are going to leave the car in long-term parking, we  should NOT leave the registration/insurance cards in it, nor your remote  garage door opener. This gives us something to think about with all our  new electronic technology.


  2. GPS:
 Someone had their car broken into  while they were at a football game. Their car was parked on the  green which was adjacent to the football  stadium and specially allotted to football fans. Things stolen from the  ; car included a garage door remote control, some money and a GPS which had  been prominently mounted on the dashboard. When the victims got  home, they found that their house had been ransacked and just  about everything worth anything had been  stolen. The thieves had used the GPS to guide them to the house.  They then used the garage remote control  to open the garage door and gain entry to the house. The thieves  knew the owners were at the football  game, they knew what time the game was scheduled to finish and so  they knew how much time they had to clean  out the house. It would appear that they had brought a truck to  empty the house of its contents. Something  to consider if you have a GPS - don't put your home address in it.  Put a nearby address (like a store or  gas station) so you can still find your way home if you need to, but no  one else would know where you live if  your GPS were stolen.

  3. CELL  PHONES:
  I  never thought of this! This lady has now changed her habit of how she  lists her names on her cell phone  after her handbag was  stolen. Her handbag, which contained her cell phone, credit card, wallet,  etc., was stolen. Twenty minutes later when  she called h er hubby, from a pay phone telling him what had happened,  hubby says, "I received your text asking about our Pin number and I've  replied a little while ago." When they  rushed down to the  bank, the bank staff told them all the money was already withdrawn. The thief had actually used the stolen cell phone to text  "hubby" in the contact list and got hold of the pin number. Within 20  minutes he had withdrawn all the money from  their bank account.

  Moral lesson:
a. Do not disclose the relationship  between you and the people in your contact list. Avoid using names  like Home, Honey, Hub by, Sweetheart, Dad,  Mom, etc.
b. And very importantly, when  sensitive info is being asked through texts, CONFIRM by calling  back.
c. Also, when you're being texted by friends or family to meet  them somewhere, be sure to call back to  confirm that the message came from them. If  you don't reach them, be very careful about going places to meet  "family and friends" who text  you.

 4.   PURSE IN THE  GROCERY CART SCAM:
A lady went grocery-shopping at a  local mall and left her purse sitting in the children's seat of the cart  while she reached something off a shelf/ Wait  till you read the WHOLE story! Her wallet was stolen, and she reported  it to the store personnel. After  returning home, she received a phone call from the Mall Security to  say tha t they had her wallet and that although  there was no money in it, it did still hold her personal papers. She  immediately went to pick up her wallet, only to  be told by Mall Security that they had not called her. By the time she  returned home again, her house had been  broken into and burglarized. The thieves knew that by calling and saying  they were Mall Security, they could lure  her out of her house long enough for them to burglarize it. 
Kim Duclos 702-521-3939


 

Friday, December 1, 2017

FHFA Announces Maximum Conforming Loan Limits for 2018

According to the FHFA News Release  11/28/2017

FHFA Announces Maximum Conforming Loan Limits For 2018 

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100         

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. 
Baseline limit
The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.  Earlier today, FHFA published its third quarter 2017 House Price Index (HPI) report, which includes estimates for the increase in the average U.S. home value over the last four quarters.  According to FHFA's seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.  Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage. 
High-cost area limits
For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit the maximum loan limit will be higher than the baseline loan limit.  HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a "ceiling" on that limit of 150 percent of the baseline loan limit.  Median home values generally increased in high-cost areas in 2017, driving up the maximum loan limits in many areas.  The new ceiling loan limit for one-unit properties in most high-cost areas will be $679,650 — or 150 percent of $453,100. 
Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands.  In these areas, the baseline loan limit will be $679,650 for one-unit properties, but loan limits may be higher in some specific locations.
As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2018 in all but 71 counties or county equivalents in the U.S.   
Questions about the 2018 conforming loan limits can be addressed to LoanLimitQuestions@fhfa.gov.
 
Please call me and let's begin the home buying process today!

Kim Duclos 702-521-3939