All

Apache is functioning normally

In 2020, housing was an economic bright spot for a nation shuttered inside. Globally speaking, things look much different roughly a year later –  jobs are returning by the millions, a series of viable vaccines are being deployed across America, stimulus checks have hit bank accounts and mortgage rates are ascending rapidly from nearly a year of historic lows.

In December, when rates were still at record lows and the vaccines had not been widely distributed, the Mortgage Bankers Association projected 30-yr mortgage rates at 3.2% in 2021, 3.6% in 2022 and 4.1% in 2023. Those forecasts have changed dramatically – as of March 19, the MBA revised those numbers to an average of 3.6% in 2021, 4.5% in 2022 and 5% in 2023. The last time rates reached heights of nearly 5% was in November of 2013, and before that, nearly a decade ago in 2011, according to Freddie Mac’s PMMS.

Joel Kan, the MBA’s associate vice president of economic and industry forecasting, pointed to various relief packages that gave households aggregate spending power and market sectors opening back up. Leisure, hospitality and travel in particular showed big gains.

Essentially, homeowners had money burning a hole in their pocket and now that they can spend it on industries that were previously hindered, the amount of money that is getting pumped back in to the economy could eventually push mortgage rates far above pre-pandemic levels.

“The expectation, and the realization, of stronger growth and a stronger job market puts upwards pressure on rates, fundamentally, through the rest of year,” Kan said. “The spending and stimulus bills needed to be funded somehow, and that is going to come from Treasury auctions which is going to push rates upwards.”

That said, Kan does expect some near-term volatility in the market regardless – rates may fall and then climb back up at the drop of a hat. But generally speaking, the MBA isn’t changing its forecast on rising mortgage rates for the coming years.

In the past two weeks, rates have fallen around 14 basis points. Logan Mohtashami, HousingWire’s lead analyst, explained the bond market closed at a very meaningful level last week (1.75%), and because there was no follow-through selling, short term bonds are getting bought. This essentially means the market is hovering, he said.

“Technically speaking, the U.S. economic data is so good that it would warrant a 10-year yield around 3% and a mortgage rate at 5%,” Mohtashami said. “Because COVID is still here and the rest of the world’s economies aren’t rebounding as well as us on bond yields, mortgage rates don’t have that escape velocity yet. And that’s the main reason I’m capping my 10-year yield peak forecast at 1.94%.”

For the month of March, mortgage spreads compressed further. The primary/secondary spread narrowed for the seventh consecutive month to 113 basis points, the smallest gap since February 2020. Spreads have compressed significantly over the past year, and while lenders may be willing to absorb these costs to maintain high volumes for a little while longer, Fannie Mae economists believe lenders are likely to increasingly pass a greater share of higher funding costs onto borrowers if the 10-year Treasury rate continues to move upward.

Alongside rising mortgage rates, economic groups are revising their expectations for the transition from the refi market to a purchase market.

According to Fannie Mae’s economic and strategic research group, the GSE expects refinance origination volumes in 2022 to total $1.1 trillion, a 48% decline from 2021 and a $40 billion downward revision from last month’s forecast. It also estimates that around 42% of all outstanding mortgages have at least a 50-basis point incentive to refinance at current rates, which is down from nearly 70% at the end of 2020. 

That 10 basis point drop in rates last week gave an extra 2 million “highly qualified candidates” the opportunity to reenter the market, according to data analytics provider Black Knight. These candidates are defined as 30-year mortgage holders with a maximum 80% loan-to-value ratio and credit scores of 720 or higher, who could shave at least 0.75% off their current first lien rate by refinancing.

But a turnaround of that significance in just one week illustrates how volatile the refi market is.

“Despite rates still sitting at record lows, refinances are just that more sensitive to rate changes,” Kan said. “Rates aren’t a deal breaker for purchase transactions because its more about the price. And now we are hearing anecdotes from realtors and lenders that competitiveness is driving home price appreciation even higher. So short term, we are still looking at purchases struggling in this kind of demand.“

While industry experts advise borrowers to lock in the rate they have now, the window may stay open longer than some think.

The Federal Reserve has been unwavering in its stance on maintaining inflation at 2% before any form of new policy can be made. If inflation does rise above its target, it would put upward pressure on mortgage rates because investors who buy fixed assets use inflation as the mainstay of their calculation that determines the yield, or return, they are willing to accept.

“Most members of the committee did not see raising interest rates until 2024, but that isn’t a committee forecast, it isn’t something we vote on or act on as a group…it really is just our assessment,” said Fed Chairman Jerome Powell in a Thursday meeting. “Markets focus too much on what we call the economic predictions, and I would focus more on the outcomes that we’ve described.”

Source: housingwire.com

Apache is functioning normally

There are many incremental tasks to complete as you prepare to sell your home, but a successful transaction starts with looking at the big picture. Before you take a single interior photo or begin painting your trim, it’s crucial you take a moment and assess your situation properly. Are you emotionally ready to sell your home? Will you use a real estate agent? Is it a good time for you to sell? Let’s examine the factors that go into answering these questions.

Am I Ready to Sell My Home?

Whether you are sad to leave behind a family home full of memories, or can’t wait to get out and into your new upgrade, selling a home can often be an emotionally charged process. There are many considerations to take into account before you decide to sell, which should be done as dispassionately as possible.

Once you’re confident you truly want to sell, it’s still important to not be overly swayed by the attachment to your home during the selling process. Homeowners should try to contain their emotions as much as possible and treat the process like any other business transaction in order to ensure a smooth and timely sale.

An important way to minimize your feelings as a factor in preparing to sell a home is by trying to see things from a prospective buyer’s point of view:

  • What types of buyers are likely to be interested in your home and neighborhood (e.g., large families with children, single professionals or retired couples)?
  • How can I make my home more desirable to them?
  • What are their long term goals and concerns?

Aligning your property with the needs of your prospective buyers can help you sell it quickly and for a great price. But remember that other people don’t have the same attachment to your home as you do, so a fair market price may be lower than your own perception of its value.

Timing is another factor to consider in order to sell your home successfully and for the most return. If possible, it can be beneficial to list your home during the most popular times of the year for the average homebuyer. Spring and summer are typically the best times to list, but the optimal selling season ultimately depends on your specific housing market. For example, communities popular with retirees in warm states like Florida or Arizona may see more action in the winter. A real estate agent can help you determine your area’s prime selling period, or you can do the research yourself. The same goes for conducting the sales process itself.

Real Estate Agents vs. For Sale by Owner: Which Is Better?

If you have a timing plan and are ready to get your home on the market, one of the first decisions you need to make is whether to go it alone, or use a real estate agent. Both methods have their own pros and cons — Let’s examine each option.

Using a Real Estate Agent to Sell Your Home

Real estate agents take a commission, which can typically be 5 to 6 percent of the sale price of your home. And for the average seller who does not make a living in the real estate industry, the choice to use an agent in exchange for this commission can not only save precious time, but also increase the amount received for the home, making the investment well worth it in many scenarios.

The right agent will help you with everything from setting the most advantageous selling price, marketing your home (including photography, videos and staging the property to look its best), arranging showings and open houses, negotiating with interested buyers, to helping you choose the right escrow company and getting the transaction closed without any snags. They are also ideally there for you as an ally and asset if any issues or questions arise during the selling process. They understand all of the required paperwork and typically have contacts and other resources that can help you solve nearly any possible problem. They can also strategically provide a buffer between you and potential buyers, and will have the experience and knowledge to ensure that you only invest your time engaging well-qualified buyers.

If you want help locating the perfect agent to sell your home, you can be matched with one in your area through Pennymac Home Connect, a nationwide network of top-producing real estate agents. You may even be able to earn $350 to $9,500 back at closing if you buy or sell a home with an agent you met through the network.*

For Sale by Owner

Real estate agents can be extremely helpful but it is also possible to sell your home on your own, a process commonly known as “for sale by owner.” In order to sell your home yourself, you will need to:

  • Do your own research in order to come up with a suitable selling price.
  • Manage all of the marketing, including getting your home on the Multiple Listing Service (MLS).
  • Show the house and interact with prospective buyers on your own.
  • Negotiate the sale with the homebuyers and/or the buyer’s real estate agent.
  • Ensure you have the proper documentation and that you adhere to all of the relevant laws and regulations.

If you are not going to use a real estate agent, it’s still wise to consider hiring some help in the form of a real estate attorney to make sure that the transaction goes smoothly, including setting up a real estate escrow account.

A Checklist for Selling Your Home

Now that you have determined which method you want to use to sell your home, it’s time to get to work. A smooth, successful home sale can be influenced by many factors, some large and some small. Fortunately, you can do many improvements yourself, with time and sweat being your biggest investments. Here are some moves you’ll want to consider in order to get ready to sell your home.

Interior Updates and Curb Appeal Improvements

For interior improvements, consider painting walls in contemporary, neutral colors and upgrading the lighting, even with small investments like additional lamps or upgraded light bulbs.

To boost your home’s “curb appeal” — the first impression and level of attraction prospective buyers feel for your home from the street before they step inside of it — consider making some inexpensive improvements to your home’s exterior and yard such as pressure washing, painting trim, and landscaping additions and touch-ups. Such simple beautification efforts can help improve your chances of attracting the right buyer.

Clean and Stage Your Home

You’ll want to thoroughly clean your home. A muddy hallway, messy garage or dusty bedroom will only reduce its appeal. Keep rooms as orderly and as uncluttered as possible for all showing appointments. Use a storage unit to temporarily house extra or unsightly items if necessary — that old recliner may be quite comfy, but it could be a ratty eyesore as well. Your real estate agent will likely have a professional home stager you can hire to make your home look its most appealing to buyers. And you can always ask a stylish friend to help you with organizing or decor. In either case, a second set of eyes is always helpful.

Provide Numerous High-Quality Photos

The right photos can make or break your listing. Most agents work with professional photographers, or you can hire one on your own. Ask a friend or neighbor for objective input when selecting pictures and don’t be afraid to speak up if you don’t like the photos used in your listing.

Set a Realistic Price

Setting a price for the home you are selling involves getting input from numerous sources. Start by checking area comps, or comparable sales, and get price suggestions from a couple of real estate agents. Consider all of these numbers, and add in the factors that make your home unique — in both positive and negative ways. Don’t use a property tax assessment since that figure is typically much lower than the current market price.

Still not sure how to price your home? Appraisals will determine how much money a lender will lend, so you should get a professional appraisal before listing your home. Appraisals are not inexpensive, but in certain markets and situations they could save you a lot of time, and that easily translates into saved money.

Create a Plan to Accommodate Showings

It’s a bad idea to conduct ad hoc showings. For all intents and purposes, you’re putting on a sales presentation so you should always put your best foot forward. Having a plan means adequately preparing for your customers (i.e. the potential buyers), while also minimizing the chances something could go wrong during the showing. Some important points to consider when scheduling a showing:

  • How much time does your work schedule and family/personal life allow for?
  • Do you have pets that you will need to remove from the home?
  • How much lead time will you need from your agent to ensure that it is in show-ready condition?
  • If you have small children, how will you manage their needs throughout each showing?
  • How will you deal with the unexpected, such as last minute viewing appointment changes, prospective buyers that show up early, or inclement weather concerns?

How to Sell Your Home Fast

No one wants to have their house sit on the market forever, but if your move is being influenced by a time-sensitive factor like a job change, a family situation, or financial issues, you may need to sell your house as quickly as possible. Here are our best tips for speeding up the home sale process.

  1. Have your own home inspection: One part of the homebuying process that can drag on for a long time is addressing the findings of the buyer’s home inspection. Before you even list your home, you can hire an inspector yourself. Use their findings to create a to-do list, or factor the cost of repairing any issues into your sale price. This will allow you to start one step ahead of your potential buyers’ negotiations.
  2. Accommodate (but also vet) potential buyers: Offer buyers whatever you can, whether it is showings on short notice or flexibility with their closing date. However, don’t act too much in haste to sell and don’t sign contracts with unqualified buyers. Spending time in limbo with a buyer whose offer might fall through can waste valuable time and miss connections with more qualified buyers.
  3. Spread the word yourself: Ask for help from your friends, family, and other contacts. Share your listing on social media, carry flyers with you at all times and even consider hosting events like an open house party.
  4. Consider offering incentives: Paying all or part of your buyers’ closing costs, a home warranty and flexibility with closing are all ways that you can attract potential buyers.
  5. Consult with a lender: Knowing what financing options are available to potential buyers can help you market your home. For example, are there low down payment options available?

Ensuring a Successful Home Sale

Our final, and perhaps most important, tip for selling your home is to make sure that you prepare mentally and financially for the many possible offers and issues you may encounter. What if you don’t get the price that you want? If you are trying to sell your home fast, what if it sits on the market for a long time? If you can come up with contingency plans for these worst-case scenarios, you will be ready to handle anything that you encounter in the home selling process.

Being prepared is the key to success in the home sale process, from your first showing appointment to the closing of the deal. If you’d like additional insights into selling your current home or buying your next one, consult with a Pennymac Loan Expert today.

*Pennymac Home Connect is offered in partnership with HomeStory Real Estate Services, a licensed real estate broker. HomeStory Real Estate Services is not affiliated with PennyMac Loan Services, LLC, and PennyMac Loan Services, LLC is not responsible for the program provided by HomeStory Real Estate Services. Obtaining a mortgage from PennyMac Loan Services, LLC is optional and not required to participate in the program offered by HomeStory Real Estate Services. The borrower may arrange for financing with any lender.

Qualifying for the reward requires using a real estate agent that participates in HomeStory’s broker to broker agreement to complete the real estate buy and/or sell transaction. You retain the right to negotiate buyer and or seller representation agreements. Upon successful close of the transaction, the Real Estate Agent pays a referral fee to HomeStory Real Estate Services. All Agents have been independently vetted by HomeStory to meet performance expectations required to participate in the program. If you are currently working with a REALTOR®, please disregard this notice. It is not our intention to solicit the offerings of other REALTORS®. A reward is not available where prohibited by state law, including Alaska, Iowa, Louisiana and Missouri. A reduced agent commission may be available for sellers in lieu of the reward in Mississippi, New Jersey, Oklahoma, and Oregon and should be discussed with the agent upon enrollment. No reward will be available for buyers in Mississippi, Oklahoma, and Oregon. A commission credit may be available for buyers in lieu of the reward in New Jersey and must be discussed with the agent upon enrollment and included in a Buyer Agency Agreement with Rebate Provision. Rewards in Kansas and Tennessee are required to be delivered by gift card.

HomeStory will issue the reward using the payment option you select and will be sent to the client enrolled in the program within 45 days of HomeStory Real Estate Services receipt of settlement statements and any other documentation reasonably required to calculate the applicable reward amount. Real estate agent fees and commissions still apply. Short sale transactions do not qualify for the reward. Depending on state regulations highlighted above, reward amount is based on sale price of the home purchased and/or sold and cannot exceed $9,500 per buy or sell transaction. Employer-sponsored relocations may preclude participation in the reward program offering. PennyMac Loan Services, LLC is not responsible for the reward. The reward is valid for 18 months from the date of enrollment. After 18 months, you must re-enroll to be eligible for a reward. Offer subject to change or cancellation without notice.

PennyMac Loan Services, LLC ( Lender NMLS 35953 ) does not perform any activity that is or could be construed as unlicensed real estate activity, and PennyMac Loan Services, LLC is not licensed as a real estate broker. Agents of PennyMac Loan Services, LLC are not authorized to perform real estate activity.

PennyMac Loan Services, LLC loans subject to credit approval. Offer subject to change or cancellation without notice.

The trademarks, logos and names of other companies, products and services are the property of their respective owners.

Source: pennymac.com

Apache is functioning normally

We’ve been independently researching and testing products for over 120 years. If you buy through our links, we may earn a commission. Learn more about our review process.

1

Pink Velvet Pillowcases

1

Pink Velvet Pillowcases

Now 24% Off

Forget neutral throw pillows! Made from faux fur, these pink pillow covers will instantly brighten up your interior — whether it’s the living room or bedroom.

2

Dragon Glassware x Barbie Martini Glasses

2

Dragon Glassware x Barbie Martini Glasses

3

Brooklinen Pink Checkered Bath Mat

3

Brooklinen Pink Checkered Bath Mat

Don’t neglect color in the bathroom. This checkered bath mat reminds us of the “perfect day” pink gingham outfit seen in the movie. And, it’s not all about aesthetics: Brooklinen says this cozy mat is quick drying.

Advertisement – Continue Reading Below

4

Seashell Barrel Chair

4

Seashell Barrel Chair

Neutral couches, no problem. Throw in a hot pink accent chair to instantly perk up your space. Plus, the scalloped seashell edges and gold metal legs add another level of elegance.

5

Eaoundm Wavy Mirror

5

Eaoundm Wavy Mirror

Funky and playful, this decorative mirror feels like something you’d actually find in your Barbie Dreamhouse. Can’t you picture re-applying your pink lip here?

6

Homesick Barbie™ Dreamhouse™ Candle

6

Homesick Barbie™ Dreamhouse™ Candle

Now 30% Off

It’s decided: The scent of the Malibu dreamhouse is that of sweet peony, rose and jasmine, plus uplifting notes of lemon and sandalwood. As with all Homesick candles, this soy wax blend should burn between 60 and 80 hours.

Advertisement – Continue Reading Below

7

Pink Shag Rug

7

Pink Shag Rug

Now 47% Off

Pink is having its moment in the bedroom, and this fluffy rug instantly adds texture and a chic, rose-colored hue to your abode. According to the 30,000 five-star reviewers, this pick is super soft and easy to clean.

8

Disco Ball Planters

8

Disco Ball Planters

Barbiecore isn’t limited to bright pinks, it’s about fun, feminine and over-the-top decor — like this disco ball hanging planter. This shimmery pick, available in rose gold, gold or silver, creates an instant focal point. Note: It can be hung with an included chain or
macramé rope.

RELATED: Best Indoor Hanging Planters to Fill Your Home With Greenery

9

Flaviana Modern Desk

9

Flaviana Modern Desk

Working from home is more fun with a raspberry pink writing desk — it will inspire creativity to run wild. Are we too bold if we pair it with a hot pink office chair?

Advertisement – Continue Reading Below

10

Pink Satin Sheets

10

Pink Satin Sheets

Now 20% Off

Sleep as peaceful as Barbie in these bubblegum pink satin sheets. Added bonus: Satin is known for preventing hair from tangling as you sleep, so you’re one step closer to having shiny hair like Margot Robbie.

11

Pink Neon Sign

11

Pink Neon Sign

Now 30% Off

When we think Barbie, heart shapes definitely come to mind — and we are obsessing over this neon heart light (especially considering it’s less than $15). The battery-powered light will add a warm, pink glow to your bedroom or living room.

12

Acrylic Flower Vase

12

Acrylic Flower Vase

Now 24% Off

Barbie girls love flowers (most are pink, duh) and this artsy vase is bringing our childhood dreams to life. According to reviewers, the acrylic curvy vase is super cute and looks just like the pictures.

Advertisement – Continue Reading Below

13

Retro Stainless Steel Toaster

13

Retro Stainless Steel Toaster

Now 27% Off

Don’t let anyone tell you it’s not worth investing in a pink appliance — I mean, how adorable is this retro pink toaster? It’ll be easy to romanticize cooking your breakfast with this playful, yet functional pick. And, reviewers agree it’s easy to use and clean.

14

Barbie Shoe Prints

14

Barbie Shoe Prints

Etsy is home to a ton of Barbie-inspired artwork, but these preppy prints are a must. Just note that you’ll have to print them yourself — it’ll be worth it, we swear.

15

Glass Storage Cabinet

15

Glass Storage Cabinet

As you fill this storage cabinet with your glassware, books or pantry items, you may just have a flashback to arranging your Barbie dreamhouse. Since there are glass doors, might we suggest filling it with pops of pink decor?

Advertisement – Continue Reading Below

16

Ruggable Barbie™ Light Pink Doormat

16

Ruggable Barbie™ Light Pink Doormat

Barbie girls are welcome here. Adorned with the official Barbie logo and available in two different colors, this chic doormat makes the best first impression. As with all of Ruggable’s offerings, it’s machine-washable so you can maintain that ’90s aesthetic for quite a while.

RELATED: The Best Doormats to Welcome Guests Into Your Home

17

Etta Avenue™ Feather Lamp

17

Etta Avenue™ Feather Lamp

Your Barbie may have rocked a feather boa or an adorable, pink feather-lined top, so this feather table lamp is perfect for recreating a Barbie-inspired interior. Not to mention, Wayfair reviewers love the look and how easy it is to assemble.

18

Joybird Dreamhouse™ Ainsley Sofa

18

Joybird Dreamhouse™ Ainsley Sofa

Elevate your space with furniture that radiates confidence and creativity, like Joybird’s brand-new Ainsley Sofa in Tourmaline (a vibrant pink shade).

Advertisement – Continue Reading Below

19

Joanna Buchanan Bright Pink Dinner Napkins

19

Joanna Buchanan Bright Pink Dinner Napkins

The perfect accessory for summer entertaining, these vibrant dinner napkins have Barbie written all over them. Pair the hot pink linen with sparkling napkin rings, like this playful starfish or a pretty pink flamingo.

20

Bayou Breeze Guillen Textured Wallpaper

20

Bayou Breeze Guillen Textured Wallpaper

Your Barbie dreamhouse is located somewhere tropical, right? If not, you can recreate the feeling by installing this pink and green tropical leaf wallpaper in any room.

Associate Lifestyle Editor

Alyssa Gautieri (she/her) is the associate lifestyle editor for Good Housekeeping, where she covers all things home and interior design. Prior to joining GH in 2022, she wrote for publications including ELLE Decor, Chairish, BobVila.com, Unique Homes Magazine and LODGING Magazine, in addition to crafting product copy for home brands like BrylaneHome and VIGO Industries.

Watch Next
 

Advertisement – Continue Reading Below

Advertisement – Continue Reading Below

Source: goodhousekeeping.com

Apache is functioning normally

When it comes time to move, hiring movers is a convenient option that allows for a quick, stress-free experience. Not only can they move your items from one house to another, but they often provide additional services like boxing up your items and even unpacking them in your new place so you don’t have to lift a finger.

As a general rule, you shouldn’t skip tipping movers. They work in the service industry and should receive a tip based on overall service, similar to restaurant workers. Building a tipping budget into your moving expenses can help you show appreciation for the service provided. Here’s everything you need to know about tipping movers.

How much to tip movers

We’re used to tipping between 15 and 25 percent at restaurants, but tipping your waiter is different than tipping movers. Moving companies don’t operate the same way as restaurants and workers don’t rely mostly on their tips to make money. Movers are usually paid by the hour already, making tipping a nice gesture, though not required. However, they’re also working in the service industry like restaurant workers, and it’s generally acknowledged that you should tip service industry workers.

A good rule to keep in mind for general reference is $5 per mover per hour. Or, if you want to use the total moving cost, you can tip between 5 to 10 percent of the total bill for the entire team of movers to split.

Things to consider when tipping movers

Various factors will affect how much to tip movers. Not every move is equal and, therefore, tipping will vary. A half-day move is a lot less work than a two- or three-day ordeal. Here are a few factors that can help you decide how much to tip movers.

How many professional movers are working with you

If there are only a couple of movers that come to help you move an entire house, that means they’ll each be doing a lot of heavy lifting. On the other hand, if you’ve got a big professional moving team with lots of movers to help out, it’s likely their individual workload will be a little lighter and less strenuous.

If you’re looking at it from an individual view, it would be more appropriate to tip the smaller group of movers each a little more than if there’s a large group. You may even want to decide upfront that you’ll tip a certain percentage for the entire move, then divide that amount by the number of movers.

If the movers pack boxes for you

You might hire a professional moving company to do everything for you from beginning to end, including packing all of your things into boxes. This is a time-consuming and strategic process since it requires good organization and additional time to wrap fragile items, place them into boxes in a way that won’t break them and get boxes labeled so they’re easy to unpack.

If movers are packing boxes for you, it’s best to tip them for the extra work! Keep in mind that if you’re moving far away, there are possibly separate crews for packing your belongings into boxes and loading and unloading the truck. You’ll want to check with the moving company to make sure you’re tipping each crew accordingly.

Large or heavy objects

Movers that take care of really big or heavy items have a risky job — they’re careful and strong to make sure they don’t do any damage to the items or to the home as they move things in and out.

When you’re tipping a crew that moves large, heavy furniture, remember that they have a stressful and important task. If they do it well, it will save you from paying for a new item or repairing your home. After all, if piano movers drop a grand piano on the floor, it’s going to do some damage all around. But, a good mover will ensure that doesn’t happen and you can show your gratitude for a job well-done with a tip amount that reflects your gratitude.

Size and number of boxes

No matter how many or how few boxes and belongings you’re planning on moving, it’s going to take at least a few trips in and out of the house to get it all. However, the size and number of boxes can make a difference. Lots of big boxes might seem like it will be quicker and you can take fewer trips in and out to get them loaded. But, if they’re too bulky or heavy, it will take longer to move them as they might require moving slowly or more than one person to lift them.

Opposite that scenario, you might have a lot of little boxes to avoid things being too heavy, and lots of boxes mean lots of trips, even if they’re small and you take a few at a time. You need to find the sweet spot between the size of boxes and the weight of the objects they hold to ensure the movers are efficient.

Distance of the move

A quick local move is very different from a cross-country move. Usually, local moves will take much less time than a long-distance move. And, you’ll likely have the same crew helping you load your stuff from your old place and unload at your new home.

But, if you’re moving across the country, there’s a good chance you’ll work with multiple crews. One crew might pack your items into boxes, another will load your stuff into the truck. A separate crew may transport your items, with a different crew unloading the truck when you reach your destination. That’s a lot of long-distance movers and a lot of time spent helping you. Make sure you factor that in when deciding how much to tip movers.

Length of the move

You can typically expect long-distance moves to take more time. But, there are cases when shorter distances actually take more time. This is dependent on the number of items or boxes you’re moving or if you end up waiting around for one reason or another.

Being unorganized as a customer and not planning anything out can end up taking longer, especially if you have a partner or roommate that you’re moving with. If you constantly have to ask your partner or roommate where something is going and then relaying that information to the movers, it’s going to take a long time to get things settled.

And, if you do end up waiting around at any point, don’t assume you shouldn’t tip your movers for that time — although they may do much, they’re still spending their time there and it keeps them from working on other potential moving jobs that they could make money from. Be considerate of not just the effort, but the total time movers spend helping with your move. They don’t want to stand around for a half day just as much as you don’t.

The overall difficulty of the move

There are other elements to think about when considering how much to tip movers. Keep in mind the difficulty involved for your entire move when you tip movers. The number of rooms, size of the house, flights of stairs and even the weather conditions.

Going up and down multiple flights of stairs in hot weather is not ideal. Even the most hardworking movers will have difficulty with it. Movers expect to deal with some hard scenarios on moving day. But, getting a good tip for extra hard work and great service is greatly appreciated.

How to tip movers

The method of tipping will depend on what you have on hand and the movers. Tipping etiquette is very casual and flexible. Whether you carry cash or keep it electronic, there’s a way for you to tip movers.

Cash tip

Cash tips are almost always the easiest way to make sure the people actually helping with your move get the exact amount you want. When you’re handing the money directly to each crew member, you’re guaranteed that they’re getting the appropriate amount.

Credit card tip

Many companies will allow you to add a tip when you pay for your move with a credit card. Most moving companies will pass the tip along to each moving crew member in some way. But, it also might mean that the company takes a shared percentage.

Cash apps

As we continually move away from cash in our society, cash apps work just as well! You’ll need to see if the movers have accounts on the cash apps you use so you can tip directly. But, most people use the same cash apps, so it’s probably not too big of a barrier.

Contact the moving company

If your move went well, but you pre-paid or forgot to tip your movers, you can contact the moving company. They’ll give you the best option for tipping. And, they should have a record of which crew members moved you so you can ensure the right people are getting a tip from you.

Food

It’s not quite the same as giving money, but most movers appreciate any food you provide! You can provide food as an extra “thank you,” though you should give it in addition to a monetary tip. You can offer smaller snacks and sports drinks. Or, if you’re ready to really good the extra mile, hold a crew lunch and give a meal like pizza or another takeout.

When to tip movers

The best time to tip movers can depend on a few factors. There’s not one “most appropriate” time to tip movers. You’ll have to decide when is the best time for you to tip your movers.

Before you move

If you want to make sure your moving crew does a great job, you can give a tip upfront to motivate the moving team. However, they might provide poor service and you may feel like you gave a larger tip than necessary. Or, they might have done better than you expected and you feel you haven’t tipped enough.

During the move

Especially if your move is long and far and you know you’ll be working with multiple teams, you can opt to tip long-distance movers throughout the process. You’re showing appreciation for the work that’s already been done. And, you’re giving a little extra motivation for the movers to keep doing good work.

You’re also making sure that you tip the right people for the time they work. Some might only work for a few hours, while others are there the entire day. You don’t want to miss the chance to tip if someone leaves earlier than anticipated.

After the move

Tipping after the move is a safe bet because you’ve seen the work from beginning to end. You can gauge how well every part of the process went and tip accordingly.

Tipping is appreciated for a job well done

Tipping isn’t mandatory in the moving industry. But it’s a nice gesture to acknowledge that the moving company did an exceptional job and that you’re grateful for their work. After all, moving is strenuous. And, moving crews a nervous as they handle belongings that aren’t theirs and do a lot of heavy lifting. It’s nice to give them some extra appreciation for helping you through the moving process.

Source: rent.com

Apache is functioning normally

No, you may not have cash with that…

Only 42 percent of refinances carried out during the first quarter resulted in cash out, according to the latest “Cash-Out Refinance Report” from Freddie Mac.

That’s the lowest amount since the first quarter of 2004, well below the 55 percent seen in the fourth quarter of 2008, and nowhere close to the near-90 percent levels seen between 2005 and 2007.

“In the past two quarters, about $32 billion in home equity was cashed out by homeowners when they refinanced their home mortgage,” said Amy Crews Cutts, Freddie Mac deputy chief economist, in the report.  “This is the least we’ve seen over two successive quarters in the past eight years.”

Of course, it’s not by choice, but rather the result of slumping home prices that have sucked equity dry in scores of households across the nation, coupled with more stringent underwriting guidelines that limit things like cash-out.

On a positive note, half of the borrowers who refinanced during the first quarter now enjoy mortgage rates about 1.25 percent below the old rates.

“The payment savings from ‘rate-and-term’ refinancing done during the quarter is about $160 a month on a $200,000 loan and in aggregate this adds up to about $2.5 billion in extra spending cash in the pockets of those homeowners to spend over the coming year,” said Freddie Mac chief economist Frank Nothaft.

The report also noted that 58 percent of prime borrowers who refinanced a conventional, first mortgage either kept the same principal balance or reduced it, up from 45 percent a quarter earlier.

Borrowers also rolled second mortgages into first lien balances when they refinanced, likely spelling major relief for the holders of the high risk loans.

“In the fourth quarter, $4.7 billion in second-lien debt was consolidated, increasing to $7.0 billion in the first quarter of 2009,” Cutts said.

“Because second liens generally carry higher interest rates, the consolidation of $11.7 billion into a lower-cost first lien provides about $200 million in interest savings over the next year to these households.”

So this is all pretty much good news; borrowers are no longer able to rely on their homes as ATM machines, let’s just hope they can pay their bills another way.

(photo: quinn.anya)

Source: thetruthaboutmortgage.com

Apache is functioning normally

Floods are among the most common and devastating natural disasters, causing extensive damage to homes and properties. They are also extremely expensive to recover from – in 2022 alone, property damage from flood events in the US cost people and governments more than $13 billion. This amount will likely rise as people continue moving to flood-prone areas at a record rate. 

If your home was recently flooded, it’s important to start the recovery as soon as the waters recede to avoid further damage to your home and belongings. So what do you do after a flood, and how do you protect your home in the future? 

To help, we put together ten essential steps for homeowners so you can be better prepared. So whether you live in a house Tampa, FL, and are recovering from a flood, or an apartment in Wilmington, NC, and just want to learn more, read on for ten important flood safety tips. 

1. Prioritize your safety

Safety comes first. Only return to your home once authorities say it’s safe, and use abundant caution. Avoid rushing into your home, as there could be hidden dangers. When you first enter, watch out for downed power lines, gas leaks, standing water, and structural damage. If your power isn’t already out, turn off the electricity if you suspect it’s not safe. 

As you move through your home, it’s essential to wear protective gear, like rubber boots and gloves, to prevent injuries. You should also have a first aid kit at hand in case of minor injuries.

2. Assess water quality

Water contamination is extremely common during and after a flood. This is because floodwaters often carry a wide range of pollutants, including bacteria, chemicals, heavy metals, and sewage that can significantly contaminate a home or community’s drinking water supply. This contamination poses serious health risks, especially when used for drinking, cooking, or hygiene purposes. 

To reduce risk after a flood, it’s essential to have your water tested to ensure its safety. Local health departments often offer testing services or can recommend a reliable lab. Until your water has been tested and deemed safe, use bottled water for drinking and cooking.

Importantly, if your home uses a private well and it was inundated by floodwater, it’s likely contaminated. You must have your well cleaned, disinfected, and tested by a professional before using the water again. The Environmental Protection Agency provides guidelines on how to disinfect wells after a flood

3. Look out for mold

Mold is a common and serious issue following floods. It can develop within 24 to 48 hours in damp, warm conditions, infesting walls, carpets, and furniture. Mold not only compromises the structural integrity of your home, but it can also pose significant health risks. These can range from allergic reactions and asthma attacks to more serious respiratory infections, especially in individuals with weakened immune systems.

Identifying mold can be tricky since it’s not always visible and it grows in hidden areas, such as behind walls or underneath floors. Common signs include a musty odor, discoloration on surfaces, and worsening allergy symptoms. If you spot or suspect mold growth, don’t attempt to handle it yourself, especially if it covers a large area. It’s best to call in a professional mold remediation company, as they have the appropriate equipment and expertise to remove mold safely and thoroughly, and can advise on preventing future mold growth.

4. Contact your insurance company

If you have a flood insurance policy, it’s crucial to contact your insurance company as soon as possible after a flood. They can guide you through the process of filing a claim. Be prepared to provide comprehensive documentation of the damage, which includes taking pictures and videos of the floodwater, damaged structures, and destroyed items. If you can, try to include water levels in your photos. This documentation helps expedite the claim process and helps ensure that you receive a fair settlement. 

It’s important to understand that standard homeowners’ insurance policies typically do not cover flood damage. This is a common misunderstanding and can lead to unpleasant surprises in the event of a flood. Coverage for flood damage requires a separate flood insurance policy, often provided through the National Flood Insurance Program (NFIP), a program managed by the Federal Emergency Management Agency (FEMA).

5. Seek additional financial assistance

Dealing with the aftermath of a flood can be financially challenging, especially if your policy coverage falls short, or you don’t have one at all. If this is the case, you may qualify for assistance from federal, state, or local entities. 

The Federal Emergency Management Agency (FEMA) provides the majority of assistance after declared disasters, including floods. This assistance can take many forms, including grants for temporary housing, home repairs, and low-interest loans to cover uninsured property losses. You may also qualify for assistance programs through the U.S. Small Business Administration (SBA), even as a homeowner or renter. The SBA provides low-interest disaster loans to help cover the cost of repairing or replacing damaged property. 

Lastly, local charities, non-profit organizations, and community groups often offer free emergency aid in the aftermath of a flood. This could include distributing supplies, organizing volunteer cleanup crews, and offering temporary housing.

No matter your method, make sure to reach out for help proactively and promptly; there can often be application deadlines for disaster assistance programs, especially for major events

6. Thoroughly clean your home

Next, it’s time to begin cleaning up. This step is crucial as stagnant water can lead to mold growth, which poses serious health risks. Remove water-damaged items from your home and start drying out the property. Utilize fans, dehumidifiers, and heaters to speed up the process.

Cleaning up after a flood is a monumental task. You might consider hiring a professional restoration company that specializes in post-flood cleanups. They have the expertise and equipment to handle the situation effectively and safely.

7. Repair and renovate

Once everything is dry and clean, it’s time to repair and renovate your home as necessary. This process could range from replacing drywall and flooring to more extensive structural repairs, such as replacing your roof. Consider hiring a contractor who has experience in restoring homes after a flood.

You can take this opportunity to make your home more flood-resistant so you’re prepared for the future. Options include elevating utilities, waterproofing your basement, or even raising your home, depending on your budget and local building codes.

8. Be aware of scams

Unfortunately, disasters can bring out scammers who prey on vulnerable homeowners. Scammers can take many forms, including charity, government, and insurance impersonators. One of the most common types are home renovation contractors who come unsolicited offering repairs. They will often ask for a downpayment for work that they never end up completing. 

To be safe, always verify the credentials of anyone you hire or divulge information to. You can also check with your local Better Business Bureau or your state’s licensing board to ensure you’re working with a legitimate professional. If you’re unsure, ask plenty of questions and contact local authorities. 

Insurance adjusters and government officials will never ask for money, collect down payments, or charge a fee for their services. 

9. Take care of your emotional health

Don’t neglect your emotional wellbeing in the wake of a flood. It’s normal to feel a variety of emotions, including sadness, frustration, and anxiety. If you feel like you need support, reach out to local community organizations or a mental health professional. Taking care of your emotional health will help you better navigate the recovery process and emerge stronger.

10. Prepare for the future

While you can’t control the weather, you can prepare for surprises. Even if you felt prepared for this flood, it’s essential to prepare for the next as soon as you can. Here are some important steps to take:

  • Review your insurance policies: Ensure you have appropriate coverage by revisiting your insurance policies. If you didn’t have coverage for this flood, you’ll want it for the next one. 
  • Install a sump pump: Sump pumps are critical to help remove water from your basement or other depressed areas. Consider a battery-powered option in case of a power outage. 
  • Create a flood readiness plan: This should include a clear evacuation plan detailing how and when to leave your home, the safest escape routes, and where to go. 
  • Prepare an emergency kit: Even if you had plenty of supplies this time around, it’s important to keep it stocked for the next event. Your kit should be waterproof and include necessary items like food, water, medication, important documents (like insurance policies), a first-aid kit, hygiene supplies, clothes, cash, and anything else you might need if you must evacuate your home quickly.
  • Understand your flood risk: Many people don’t know if their property is more at risk of flooding. You can learn if your property is at risk using the flood factor tool, or by searching your property on Redfin.

What to do after a flood: final thoughts

Knowing what to do after a flood can be extremely challenging and daunting. You have to juggle various tasks, ranging from documenting damage and contacting insurance companies, to dealing with potential mold issues and seeking out financial assistance, all while dealing with emotional pain. However, with a systematic approach that includes safety, restoration, insurance, and preparing for the future, the road to recovery can become more manageable.

Recovering from a flood also provides an opportunity to rebuild stronger. This can include understanding and updating insurance policies, flood-proofing your home, creating a comprehensive readiness plan, and understanding your flood risk. 

As the world continues to experience the effects of climate change, for many, these measures aren’t just optional but essential. By being proactive and informed, homeowners and renters can not only navigate the recovery from a flood but also better prepare themselves for future events.

This guide should not replace professional advice or guidance. Always seek help from certified professionals for issues related to structural integrity and safety, and follow all official guidance before, during, and after a major weather event. 

Source: redfin.com

Apache is functioning normally

Moving to Jacksonville, FL, offers residents coastal charm and urban living all rolled into one. The city’s warm climate and beautiful beaches create a relaxed and laid-back atmosphere, making it an attractive destination for beach lovers and outdoor enthusiasts. With a rich history and diverse cultural scene, Jacksonville is known for its museums, art galleries, and lively music festivals. The city’s extensive park system, including the stunning Timucuan Ecological and Historic Preserve, provides ample recreational activities and exploration opportunities. So whether you’re searching for apartments in Jacksonville, homes for sale, or want to learn more about what Jacksonville is known for, this Redfin article will be your guide.

1. Low cost of living

The overall cost of living in Jacksonville is 6% below the national average , making it a great city for residents seeking affordability without compromising on amenities. The city’s housing market offers a diverse array of reasonably priced options, with the median sale price of $302,250 which is below the national median of $425,674. Rent can also be found at a lower cost, with an average two-bedroom Jacksonville apartment going for $1,504. Renting in Jacksonville is more budget-friendly than popular metros like Miami, where the average two-bedroom is $3,618. 

2. Beach communities

With miles of sandy shores, quaint beach towns, and a range of water-based activities, Jacksonville is full of vibrant, yet relaxed beach communities.

“The Jacksonville beach communities are amazingly generous and collaborative,” shares Lori Richards, a local from BEAM, a community-based organization serving low-income residents living or working in Jacksonville’s beach communities. “The sense of being a hometown that cares for our own is so evident and makes this a wonderful place to live.”

3. Beautiful outdoors

You’ll find an abundance of natural attractions in Jacksonville. There are many things to explore, from the stunning beaches, lush parks, and scenic views.

“In Jacksonville’s 850 square miles, outdoor enthusiasts, artists, and nature lovers can discover inspiring preserves, water bodies, and pristine beaches,” says Shehzad Niazi, a local photographer of Photo Adroit. “From hiking and kayaking trails to historical landmarks across 80,000 acres of National, state, and urban parks, there’s something for everyone. Access to historic St. Augustine and other beautiful southern beaches adds to the allure. Despite years of visiting, I’ve only scratched the surface.”

4. Intracoastal Waterway

Jacksonville is celebrated for its intracoastal waterway, a picturesque route that winds through the city, offering stunning views and recreational opportunities.

Local resident Julia Dugger from Jax Beach Treehouse, a short-term rental property, shares, “Jacksonville is Florida’s secret jewel. While the beaches are big, beautiful, and uncrowded, the Intracoastal Waterway is where the locals play. Boating, waterskiing, kayaking, paddleboarding, or bird watching are fun things to do. Revel in spectacular sunsets and peaceful views. Visitors often decide to move to the area for plenty of reasons.”

5. Fast-growing city

Jacksonville is experiencing rapid growth, with its population, economy, and infrastructure expanding significantly.

“The best part about this city is the economic growth,” says Jesse Lane, a local and owner of J. Lane Construction. “We are doing a ton of multifamily and commercial construction in this city and across the whole state, but Jacksonville is unique and explodes with opportunity and lots of potential.”

5. Native Park

Jacksonville has one of the largest park systems in the US. One particular park of note is Native Park, which was formed in 1923 to increase public awareness of plants indigenous to northeast Florida. The park, which is maintained by the Ixia Chapter of the Florida Native Plant Society, currently has over 160 Florida native plant species organized in zones with maps and plant locations posted in a kiosk. Native Park is located in the historic Avondale neighborhood.

7. Timucuan Ecological and Historic Preserve

The Timucuan Ecological and Historic Preserve is a natural gem that preserves the region’s unique ecosystem and rich history. This expansive preserve allows visitors to explore unspoiled marshlands, historic sites, and abundant wildlife.

Explore55Plus, a company assisting search inquiries for retirement homes, shares, “There is so much to love about Jacksonville, but the stunning natural wonders just a stone’s throw away set this city apart. One of our favorite spots is the Timucuan Ecological and Historic Preserve – one of the last unspoiled wetland ecosystems in the region. Visitors can explore its ancient forests, hike along scenic trails, and discover centuries-old historical sites like the Fort Caroline National Memorial.”

8. Vibrant sports culture

Jacksonville boasts a vibrant sports culture that captivates locals and visitors alike. Home to the NFL team, the Jacksonville Jaguars, the city rallies around its football pride, creating an electrifying atmosphere during game days. Additionally, Jacksonville’s passion for sports extends beyond football, as the city hosts various sports events, including golf tournaments, college athletics, and soccer matches. With state-of-the-art stadiums, sports bars, and a dedicated fan base, Jacksonville provides a lively and dynamic environment that celebrates athleticism, camaraderie, and the spirit of competition.

9. St. Johns River

Jacksonville is widely recognized for its iconic St. Johns River that flows through the city, shaping its identity and providing recreational and economic opportunities. As one of the few rivers in the United States that flows northward, the St. Johns River offers stunning scenic beauty, making it a favorite spot for boat cruises, fishing, and water-based activities. The river’s significance in Jacksonville’s history and commerce cannot be understated, as it is a crucial waterway for transportation, trade, and tourism.

Source: redfin.com