Check out our guest for next week’s show – Open House with Team Reba Tuesdays at 3pm on KKOL 1300AM

Next Tuesday, February 16th, Mike Olden from American Reporting Company will be joining us on-air.  Listen in to the show to learn all about credit scores and how to improve yours.

Listen to the show Tuesday at 3pm on KKOL 1300AM where you can stream it live.  Be sure to send us your questions at info@teamreba.com before the episode. Or call us during the show at 1-866-712-1300 if you want to participate.

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The Things We Hate About Our Kitchens (and How to Fix Them)

Have you ever noticed that when guests are gathered at your house, they tend to congregate in your kitchen? For whatever reason, friends and family tend to flock to the kitchen. Maybe it’s the food or the freshly brewed something, but for some reason there is a natural draw to the kitchen.

For accomplished chefs or proud owners of a fantastic prep space, the kitchen is a source of pride and happiness. For others, it is a source of woe and annoyance. So, if you fall into the second category, how do you solve the kitchen-related sorrow? We have diced up a little list of four kitchen sore spots and suggestions on how to solve the sour issue.

Where to put the cooking accessories? All fashionistas know that success lies in the accessories. What shines a glimmer of hope onto your kitchen situation? Storage does. Like a fantastic set of diamond studs, a classic shelf can be your everyday go-to for kitchen storage. Pile books on top of books or line spice jars four-deep, whichever your preference. Below your stacks, install hooks to hang pots and pans, freeing up space in your cabinets.

Speaking of space, does your trash can live outside an enclosure?  If it does, there are options for a classy way of disposing of coffee grounds. Trash cans come in stackable units, right along with recycling containers. Reduce, reuse, refuse to look at this morning’s wrappers. Stack them up and haul them out without losing your sense of style.

Do you suffer from prep space restrictions? Even ample kitchens can feel like small kitchens if you don’t have enough room to slice and dice as you please. So, how do you increase prep space without a major countertop overhaul? Get a rolling island. Wheel it in, chop up some broccoli and wheel it out. Another great storage shortcut is to install a magnetized strip onto your backsplash to store knives. Getting rid of a knife block will free up much-needed prep space.

And last, but not least is our favorite aesthetic issue, flooring. We have lived through the vinyl flooring era and emerged mostly unscathed. But, its legacy remains in the form of tiles and sheets of bygone days. How can we eradicate this great-in-theory-sad-in-form floor covering? You can paint the floor. Yes. You can actually stencil a new pattern onto existing laminate. It takes some manual labor, but it is worth the effort in kitchen satisfaction.

Tell us about your love-hate relationship with your kitchen. What area would you vanquish in your kitchen and how (if you did) solve the issue? We would love to hear how you turned grumpy into greatness in the kitchen arena.

Article brought to you by HomeActions for Team Reba

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Guest Today: Sean Martin with Rental Housing Association of WA – Open House with Team Reba Tuesdays at 3pm on KKOL 1300AM

Today we will have Sean Martin with Rental Housing Association of WA on-air.  Tune in to learn more about they can help you with your rental properties and some great resources you can use.

Listen to today’s show at 3pm on KKOL 1300AM where you can stream it live.  Be sure to send us your questions at info@teamreba.com before each week’s episode. Or call us during the show at 1-866-712-1300 if you want to participate.

In last weeks show Reba and Eric had Jesse Young from Jesse L. Young Property & Real Estate Photography and Jeff Crompe from Seattle 3D Video on the show.  Listen below to learn more about trends they are seeing in the market, new technology that is being used and some great marketing tools to use for your listings or sale of your home.

Cheers and we hope to have you listening in!

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Check out our guest for next week’s show – Open House with Team Reba Tuesdays at 3pm on KKOL 1300AM

Next Tuesday, February 9th, Sean Martin with Rental Housing Association of WA will be joining us on-air.  Listen in to the show to learn how they can help you with your rental properties and tenants.

Listen to the show Tuesday at 3pm on KKOL 1300AM where you can stream it live.  Be sure to send us your questions at info@teamreba.com before the episode. Or call us during the show at 1-866-712-1300 if you want to participate.

 

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Is There a Downside to Prepaying Your Mortgage?

Mortgage File Drawer Label Isolated on a White Background.

Long before you settle on a mortgage lender, one of your interview questions should be, “Is there a prepayment penalty and if so, how much is it?” Unfortunately, too many homebuyers don’t understand what a prepayment penalty is, how it works, or even if they are paying it.

Prepayment Penalty

When you take out a mortgage but your credit is less than stellar, banks want to make sure that you will at least stick to your obligation for a few years. Most prepayment penalties come in three-, five-, or even ten-year terms.

Once you have made your mortgage payments for the term of your prepayment period, you no longer face any penalty. If you do pay off your loan before the end of your prepayment period, however, you are going to be on the hook for up to six months of interest on your remaining balance.

How It Works

Most prepayment clauses work this way: If you pay your loan off early no matter the reason, you will have to pay a penalty for it. Some clauses will waive the penalty if you are paying early because you resold the house.

Some mortgage agreements allow you to pay up to 20% above and beyond what you have to pay in any given year without a penalty. Others will penalize you for paying any amount above your agreed upon monthly mortgage payment.

If you refinance your mortgage you do not get credit for the prepayment period that you have already exhausted. The clock starts all over again from the time you refinance. Homeowners who refinance in order to resell within a few years get hit with the prepayment penalty if they do not have a resale waiver written into their mortgage loans.

Why It Is There

A prepayment clause is helpful if you really want to own a home but your credit score is not high enough, or if you can reduce your monthly interest payments by a hundred bucks a month. Think of this clause like your free phone cell phone deals: You get the phone for free as long as you sign up for a two-year contract. If you terminate that contract early, you will be charged the retail cost of the phone. In essence, the phone is not really free.

Banks will cut you some slack on your credit score or your interest rate as long as you guarantee that you will be making regular monthly payments for years to come. Yet the vast majority of homeowners don’t buy a primary residence and then flip it two or five years later. It winds up just being an additional cost to taking out a mortgage for most.

Should You Prepay Your Mortgage?

The first thing you have to do when deciding whether or not to prepay your mortgage is to verify whether or not you have a prepayment penalty clause. If your agreement allows you to waive the penalty upon resale, you have one less thing to worry about in that instance.

However, if you still have a year or two left before you avoid the prepayment penalty, waiting may be the best move. Otherwise you could end up paying an extra $10,000 in penalties for the average home.

 

Article brought to you by HomeActions for Team Reba

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Guest Today: Jesse L Young Property & Real Estate Photography & Seattle 3D Video – Open House with Team Reba Tuesdays at 3pm on KKOL 1300AM

Today we will have Jesse Young from Jesse L. Young Property & Real Estate Photography and Jeff Crompe from Seattle 3D Video on the show.  Tune in to learn more about trends they are seeing in the market, new technology that is being used and some great marketing tools to use for your listings or sale of your home.

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Did you know if you are a first time homebuyer and want to take advantage of certain home buyer programs and credits that you must attend a Washington State Housing Finance Commission approved seminar?  See below for information on Open House with Team Reba’s WSHFC approved class.

Seattle
2/6/2016 Saturday 10am to 3pm
RE/MAX Metro Realty, 2312 Eastlake Ave E
Instructors: Eric Aasness, HomeStreet Bank – Tukwila 16040
and Rebecca Haas, Re/Max Metro – Eastlake
Please note: For reservations call 425.970.3697 or email info@teamreba.com. Refreshments provided. Reservations required. Seating limited.

Listen to today’s show at 3pm on KKOL 1300AM where you can stream it live.  Be sure to send us your questions at info@teamreba.com before each week’s episode. Or call us during the show at 1-866-712-1300 if you want to participate.

In last weeks show Reba and Eric had Brooks Powell of Powell Custom Homes & Renovations on where they talked to him about ADU’s (accessory dwelling unit) and  DADU’s (detached accessory dwelling unit).

 

Cheers and we hope to have you listening in!

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5 Things You Should Think Twice About Before Buying

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This is the moment you have been waiting for. All the paperwork is complete, you have the keys, and you are finally in your new home. Or maybe you’ve been saving your pennies, and you’re excited about fixing up your current place. But you may want to move the following lower on your priority list, or skip them altogether.

Landscapers. A landscaper can go a long way to improving your yard, especially if you’ve been fortunate to have a lot of acreage. But is it really worth it?  Sure the massive yard and the things that you could do with it were one of the biggest reasons you decided to buy. But this may cost a lot, and maybe there are other things you want to do to your house. Maybe recreating the lawn from Downton Abbey is not a top priority.

Installing a Swimming Pool. Yes, your backyard is large enough for a resort-style in-ground pool. It is one of the major selling points that your agent pumped up when you first bought your house. But give it some thought before you go adding a huge expense like this. Pools are expensive and require a lot of upkeep, and in many regions they don’t add to the home’s value. Maybe there’s a community pool that will give you the same bang for less buck.

Appliance Insurance and Extended Warranties. So you bought the whole kit and caboodle when you bought your home or refurbished, including the stainless steel appliances. Maybe the warranties are about to expire. Is it really worth the money to extend the warranties or buying appliance insurance? Maybe putting a few bucks away in an emergency repair fund instead is a smarter strategy.

High-Priced Private Mortgage Insurance. You likely didn’t even choose your mortgage insurer. It was the one recommended by your agent to cover your down payment when you can’t afford 20% down. It’s a waste of money to stay with a private mortgage insurer longer than necessary. You need homeowners insurance, but you can typically cancel your PMI as soon as you have reached the 22% equity threshold.

New Furniture. Finally, there is nothing wrong with wanting to start over with brand-new furniture. But give it a lot of thought first, so you don’t have buyers’ remorse. You will likely have your furniture for a long time. Consider what stage of life you’re in and think about cost, style and whether you need child- or pet-proof furniture.

Your home is likely the largest purchase you will ever make in your life. When you bite the bullet and spend that money, rushing out and adding unnecessary expenses to your debt is reckless. When you have the money, add your new items gradually. It will add up to a less stressful much more pleasant resettling or refurbishment.

 

Article provided by HomeActions for Team Reba

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Don’t miss our Open House this weekend! Sunday Jan 31st from 1-4 pm

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Our latest Team Reba of RE/MAX Metro Realty listing in Kent. Lovely 4bd/2.5ba home with amazing outdoor living area, urban chicken coop, updated interior, and additional back garage/shed. Open house this Sunday, Jan 31st from 1-4pm at 22010 127th Ct SE in Kent. Come see our team!

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Check out our guest for next week’s show – Open House with Team Reba Tuesdays at 3pm on KKOL 1300AM

Next Tuesday, February 2nd, Jeff Crompe from Seattle 3D will be joining us on-air.  Listen in to the show to learn about this this amazing new technology that can transform most any setting into an interactive journey.

Listen to the show Tuesday at 3pm on KKOL 1300AM where you can stream it live.  Be sure to send us your questions at info@teamreba.com before the episode. Or call us during the show at 1-866-712-1300 if you want to participate.

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Suburban nature & animal lover’s retreat! New Listing In Kent.

Team Reba’s newest listing a nature & animal lover’s dream! Open + Circular floor plan allows for ample guest entertaining, plus relax in comfort year-round on the back covered deck complete w/ lighting & skylights. Enjoy the hummingbird/butterfly garden, watch your chickens in the custom chicken coop or play in the spacious yard. In summer, come back inside to the cooling temps from your heat pump. Nicely updated kitchen on main level w/ low maintenance & stain-resistant Corian counters which were also carried on to both full baths upstairs. 4 generous sized bedrooms including the Master bedroom w/ walk-in closet & bath are all upstairs to provide the maximum usage of floor space. Gleaming hardwood floors on both main & second floor. Many more lovely interior updates.
1 Year Home Warranty Included!

Click on the photo below to be taken straight to the listing!

Linda Daniel Flyer

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