Saturday, December 29, 2007

Improving the value of your home with bamboo flooring

If you are looking to increase the value of your home, replacing old carpets or tile with a beautifully laid bamboo floor will certainly help. And if your home isn’t up for resell and you just want to have beautiful flooring, using bamboo is an elegant and affordable way to go.

Bamboo flooring may only be a little over ten years old, but its beauty and environmental factors have spoken for itself. And, floor experts have discovered that bamboo is actually harder than hardwoods such as Maple and Oak. Not only that, bamboo is extremely eco-friendly, and stands up the look, feel, sound, and warmth of its hardwood peers.


When we think of bamboo, we see reeds of tall grasses growing in tropical locations. So how does a grass become transformed into a wood floor? For starters, only a particular type of Bamboo is used, most often the Moso variety. Once Moso poles reach 40 to 50 feet in height, they are harvested and dried. The drying process is slow, typically four years in the sun. The bamboo is then sliced into thin uniform strips and planed on all sides. The pieces are converted into flooring made of either two or three layered horizontal or vertical laminated pieces. Bamboo can either be nailed to a wood subfloor or glued directly to a concrete sub-floor. Floating is not recommended. There is a variety of moldings made available as well to hide expansion gaps and for staircases.

Bamboo flooring comes in a variety of colors. Pretreated, coloring choices are natural and smoky amber. If the product comes to the states untreated, stains can vary from pinks to a variety of browns. Because bamboo is a grass rather than a tree, its finished appearance is very distinctive. Most distinctive is the eye-catching pattern of slightly darker bands produced by its nodes – a feature that clearly sets it apart from wood. Bamboo’s other aesthetic features include the tightness of its grain and the uniformity of its color.

These untreated and stained pieces of bamboo flooring are then given a final coating, typically made up of an aluminum oxide and polyurethane scratch-resistant topcoat. Coatings can be matte or glossy, with glossy tending to scratch more easily than matte.

Bamboo’s popularity has continued to grow with its discovery. The fact that it is a grass, a quickly renewable resource that yields a product 25 times faster than timber, has been of primary interest to the environmentally conscious. The beauty is an added bonus. With the cost of bamboo equivalent to oak flooring, it isn’t hard on the pocketbook either. Bamboo is also easy to clean and considered ideal for allergy sufferers, as they do not harbor dust mites.

When cleaning bamboo, a soft touch is best to prevent minute scratches on the surface. A padded cleaning head on your vacuum cleaner or a damp mop is most appropriate. This method will keep dust and debris from accumulating and scratching your bamboo floor. You should also take care never to over wet your bamboo floor. While it is resistant to moisture due to its tropical origins, it is best to minimize moisture exposure to help preserve the material. Mop spills using a damp cloth and dry immediately.

Putting area rugs on pathways that may experience high traffic. This keeps the bamboo floor from scuffing due to the high amount of traffic in a certain area. To prevent dirt and other debris from coming onto the floor from the outside, place exterior mats in entryways. Gravel and debris stuck in the bottom of shoes may scratch the finish of your bamboo floor.

If you have pets, remember to regularly trim your pets' nails to prevent them from scratching and gouging the bamboo floor. And of course, when moving furniture from one place to another, lift them instead of dragging them along the floor.

So if you are ready to transform the look of your home, putting in bamboo flooring will give you a huge start.

About the Author:

Greg Sullivan is the President of www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner, FSBO. For more information, please visit www.byownermls.com.

Tuesday, December 18, 2007

3 tips to help home sellers navigate today's complex market

If you are hesitating to sell your home this year then you're not alone. For every real estate "expert" who says it's a great time to sell, you can find another who says exactly the opposite. In the face of so many differing opinions, whom do you believe?

If you need to sell your home, or decide to sell regardless of local market conditions, what should be your best approach?

Here are three tips to help home sellers navigate today's complex market.

1. Price your home right for the market.

Be realistic when setting your home's price. One of the biggest mistakes you can make is to overprice your home. Today's buyers have all of the information you do at their disposal through the Internet and their agent. They have little motivation to rush into a purchase since prices are stable or declining.

2. Prepare your home for sale.

Follow your agent's advice when they recommend improvements that will make your home easier to sell. Most experts agree such improvements can make the difference between having a SOLD sign on your property or watching as your neighbor (who took the time to fix up their home) plants one on theirs.

3. Get an agent who will market your home using both online and offline resources.

An agent who isn't using the Internet will not find all of the buyers who may want to purchase your home. With 77% of homebuyers beginningtheir home search online, the Internet is a prime vehicle to promote your listing. If the agent doesn't use the Internet, choose another agent who does, or you will miss opportunities to sell your home.

Lastly, put yourself in your potential buyer's shoes. Ask yourself, "What would it take for me to re-buy my home, and at what price, compared to my neighbors?"

If you can honestly answer that question, you'll be well on your way toward selling your home.

Posting source: Homegain.com http://www.homegain.com
For more information and to view recent property listings, please visit www.byownermls.com.

Friday, December 14, 2007

Foreclosure Tips

If a lender puts you on notice
Homeowners have many options after a lender has filed a foreclosure notice. Foreclosure specialists advise:

*Don't ignore mail from your lender; stay in touch even after a foreclosure notice has been filed. Most lenders would rather work out options than foreclose on a home.

*Beware of foreclosure companies calling themselves "mortgage consultants" or "foreclosure services" promising to save your credit or pay the closing costs. Be wary of deals that take over ownership of your home.If you turn to a foreclosure rescue firm, be aware such companies do not need a state license to operate in Florida unless the business is selling or buying properties.

*Never transfer your property deed or title to a rescue firm. Never sign a contract under pressure and without legal advice. Do not pay your mortgage payments to someone other than your lender.

For more information and to view recent property listings, please visit www.byownermls.com.

Seven tips for sellers from "The Today Show"

As seen on "The Today Show" Friday 12/14/2007. http://www.thetodayshow.com

Our first report recommends seven tactics for selling a home more quickly, at a higher price. What matters most of course is the home itself, not how it is sold. But we still believe that these tactics can yield a small but significant improvement in a home-seller's results. We also hope that sharing with consumers, academics and industry peers will open a dialogue about which tactics work and which don't.

You can read the full report Seven Tactics for Selling a Home, or visit our forum to ask the authors a question.

1. Don't overprice your property: Once a property fails to sell at its debut price, the time it spends on the market can encourage buyers to become more aggressive in negotiating. Price reductions can further encourage aggressive bargaining. In a 2002 study of 3,490 Stockton, California listings, homes without a price reduction sold for 97% of initial list price, whereas homes with a price reduction sold for 88% of initial list price, a difference likely greater than the actual magnitude of the price reduction.

2. Set your price to show up in web searches: Seventy-two percent of California home buyers use the Internet as "an important part of the home-buying process." The real estate sites used by home buyers typically filter price in $25,000 or $50,000 increments, so a home selling for $350,000 is likely to be seen significantly more than a home selling for $355,00 because the $355,00 home will be excluded by buyers who set $350,000 as their maximum price. According to a September 2007 Redfin analysis of its own traffic in the San Francisco Bay Area and Seattle markets, moving from one price band down to the next can increase online activity by as much as 7.1%. Download the graphs for the Seattle area and for the San Francisco Bay region.

3. Debut on Friday: According to a December 2007 analysis of Redfin's website traffic for 119,079 listings, homes that debut on the best day, Friday, get on average 7.7% more visitors in their first seven days than those that debut on the worst day, Thursday.

4. Stay engaged: Several studies emphasize the importance of being an informed, active home-seller. The study most to the point, a 1998 survey of 115 sellers in Columbus, Ohio, found that motivated sellers are able to sell their property as much as 30% faster than typical sellers. Motivated sellers may be more willing to bargain, but the authors also speculate that such sellers motivate agents to be more aggressive on their behalf.

5. Market the property online: A December 2007 Redfin study of 121 of its own listings from September 1, 2007 to November 30, 2007 found that a craigslist posting about a listing generated an average of 6.8 visits to that listing on Redfin's website. That each visitor navigates from craigslist to Redfin to see the listing in detail suggests that many may be serious potential buyers.

6. When selling your home, stay put: The pricing study of 3,490 Stockton listings found that vacant homes were 9.5% more likely to undergo a price reduction, which the author speculated was the result of a perception among buyers that the owners were anxious to sell.

7. If you can, wait to list your property until neighboring foreclosures are off the market: A November 13, 2007 report from the Center for Responsible Lending estimates that a foreclosure costs neighboring homeowners an average of $5,000 when listing their property. The banks selling foreclosed properties are often eager to sell at any price. If you can't wait to list your property until any neighboring foreclosures are off the market, you will have to account for the effect of the foreclosures in your own pricing.

For more information and to view recent property listings, please visit www.byownermls.com.

Friday, December 7, 2007

ByOwnerMLS Real Estate Trends for November 2007

Most Popular*

Top Cities
1. Chicago, IL
2. Houston, TX
3. Fort Lauderdale, FL
4. Tampa, FL
5. Baton Rouge, LA
6. Pompano Beach, FL
7. Miami, FL
8. Orlando, FL
9. Louisville, KY
10. Greensboro, NC
Top States
1. Florida
2. Texas
3. North Carolina
4. Georgia
5. New York
6. Illinois
7. New Jersey
8. Pennsylvania
9. Michigan
10. Tennessee
Most Viewed Properties
1. Log Cabin - $219,000 - Towanda, PA
2. Log Cabin - $195,800 - Cuba, NY
3. Log Cabin - $45,000 - McVeytown, PA
4. Acreage/Land - $140,000 - La Follette, TN
5. Log Cabin - $499,000 - Cass, WV
6. Log Cabin - $219,000 - Morganton, NC
7. Farm/Ranch - $199,500 - Creston, NC
8. Log Cabin - $119,500 - Viroqua, VI
9. Condo/Townhome - $200,000 - Brandon, FL
10. Single Family - $190,500 - Buford, GA
*Based on property views on ByOwnerMLS.com in November 2007.

For more information and to view recent property listings, please visit www.byownermls.com.