The Edinburgh Move – Trade in program
By Eric Kistner
Introducing the “Edinburgh Move.” This program allows qualified homes to be “traded” for a new Maverick Home! You as the client have the luxury of not having to move twice; your new home is built while you still live in your existing home. It is now simpler than ever to buy a new home in Kingsport!
With historically low mortgage rates, this program further enhances the clients’ opportunity to purchase now and take advantage of these awesome rates, and lower building costs.
It’s simple. You work with Edinburgh Homes’ professional home designer to create your dream home. Once your new home is complete, Edinburgh Homes buys your existing home for a pre-agreed price, and you close on your dream home the same day.
Edinburgh Homes has three communities to choose from, or will work with you to find just the lot to suit your needs. An extraordinary opportunity exists in the marketplace. Low mortgage rates, low building costs and the opportunity to sell your existing home is why we created the Edinburgh Move Program.
Visit us today to determine if your home and home purchase criteria qualify for the “Edinburgh Move” trade program.
Check out our website at edinburghcommunity.com or give me a call at 423-366-0431
Showing posts with label craftsman style homes. Show all posts
Showing posts with label craftsman style homes. Show all posts
Wednesday, April 6, 2011
Tuesday, March 29, 2011
10 Reasons To Buy New
10 REASONS TO BUY NEW
One of the first decisions when looking for a home is whether to buy new or purchase an existing home. While there are some advantages to purchasing resale such as an established neighborhood or included upgrades, there are also many benefits of buying a new home including:
1. New Home Pricing
The price of a new home used to be more expensive than an existing one, with falling land costs, that is no longer true. Your new home is likely to need fewer repairs or replacements since everything is new. Even better, homes usually appreciate with time and when you buy a new home located in a desirable neighborhood, the value may increase even more and you likely will have a greater resale appeal if and when you sell.
2. Your Neighborhood Is Well Planned
Builders know that a key factor in selling homes is to build them in well-planned, desirable neighborhoods. This is accomplished by carefully selecting lots in locations with a quality reputation and desirable amenities for future residents including top-ranked educational facilities and best-in-class dining, shopping and recreation.
3. Up-To-Date Design
New and better ways of constructing homes are consistently being generated. Also, as consumer trends change, new construction can respond with floorplans to accommodate customer needs that some existing homes do not include such as great rooms (oversized family rooms), larger closets, media niches and larger state-of-the-art kitchens.
4. Warranties
A new home comes with something no older home can provide.... the builder's limited warranty. This is your assurance that you are getting what you paid for and that your builder stands behind their product. A warranty typically covers new appliances, carpets, mechanical equipment and overall construction of a new home for a period of time.
5. Energy Efficiency
New homes are more energy efficient because they are better insulated, have better windows and more efficient central heating and air conditioning systems.
6. Wired for State-of-the-Art Technology
With the abundance of home computers, home media centers, surround sound and other modern conveniences, new homes are being wired to accommodate state-of-the-art technology that wasn't available when many existing homes were built.
7. Healthy Living
New homes may offer health advantages. Asbestos is no longer used in shingles, floor tiles, ceilings or insulation. And most often, lead is no longer used in paint, and formaldehyde emissions have been virtually eliminated from plywood and particle board.
8. Low Maintenance
New homebuilders use the latest and greatest materials that technology can offer. The result? New homes are virtually maintenance free for many years.
9. Help Through the Process
To help make the new home buying process more manageable, builders provide customers with a team of trusted professionals to guide them through the process. This is especially helpful for first-time buyers.
10. A New Home Is All Yours
There is truly no place like home, and when you purchase new construction, you are able to create the setting you desire. The flooring, window coverings, appliances in the kitchen are all special touches that make your home distinct and special will be exactly what you decide.
If you have any questions or would like to tour a New Home Community in Kingsport, Johnson City, Boone's Creek or Gray, Tennessee call a new home specialist at 423-218-2008 or check out our website at edinburghcommunity.com
One of the first decisions when looking for a home is whether to buy new or purchase an existing home. While there are some advantages to purchasing resale such as an established neighborhood or included upgrades, there are also many benefits of buying a new home including:
1. New Home Pricing
The price of a new home used to be more expensive than an existing one, with falling land costs, that is no longer true. Your new home is likely to need fewer repairs or replacements since everything is new. Even better, homes usually appreciate with time and when you buy a new home located in a desirable neighborhood, the value may increase even more and you likely will have a greater resale appeal if and when you sell.
2. Your Neighborhood Is Well Planned
Builders know that a key factor in selling homes is to build them in well-planned, desirable neighborhoods. This is accomplished by carefully selecting lots in locations with a quality reputation and desirable amenities for future residents including top-ranked educational facilities and best-in-class dining, shopping and recreation.
3. Up-To-Date Design
New and better ways of constructing homes are consistently being generated. Also, as consumer trends change, new construction can respond with floorplans to accommodate customer needs that some existing homes do not include such as great rooms (oversized family rooms), larger closets, media niches and larger state-of-the-art kitchens.
4. Warranties
A new home comes with something no older home can provide.... the builder's limited warranty. This is your assurance that you are getting what you paid for and that your builder stands behind their product. A warranty typically covers new appliances, carpets, mechanical equipment and overall construction of a new home for a period of time.
5. Energy Efficiency
New homes are more energy efficient because they are better insulated, have better windows and more efficient central heating and air conditioning systems.
6. Wired for State-of-the-Art Technology
With the abundance of home computers, home media centers, surround sound and other modern conveniences, new homes are being wired to accommodate state-of-the-art technology that wasn't available when many existing homes were built.
7. Healthy Living
New homes may offer health advantages. Asbestos is no longer used in shingles, floor tiles, ceilings or insulation. And most often, lead is no longer used in paint, and formaldehyde emissions have been virtually eliminated from plywood and particle board.
8. Low Maintenance
New homebuilders use the latest and greatest materials that technology can offer. The result? New homes are virtually maintenance free for many years.
9. Help Through the Process
To help make the new home buying process more manageable, builders provide customers with a team of trusted professionals to guide them through the process. This is especially helpful for first-time buyers.
10. A New Home Is All Yours
There is truly no place like home, and when you purchase new construction, you are able to create the setting you desire. The flooring, window coverings, appliances in the kitchen are all special touches that make your home distinct and special will be exactly what you decide.
If you have any questions or would like to tour a New Home Community in Kingsport, Johnson City, Boone's Creek or Gray, Tennessee call a new home specialist at 423-218-2008 or check out our website at edinburghcommunity.com
Tuesday, February 22, 2011
Trading Homes Is Easy
Trading Homes Is Easy
One of the largest hurdles families face in the search for a new home is what to do about the home they are currently living in. We hope these next few blog post helps illustrate how trading a home can benefit a family.
The first of this series discusses the most common hurdles families face when seeking to move to a new home. The second part will discuss how a new home builder offering a Trade In Your Home program can help overcome these challenges. The third part will discuss how a trade program works.
The challenges of buying a new home while living in your old home
Two Mortgages
Some families will move into a new home then sell their old home. This option does allow for a family to move at their own pace without being rushed however they do have the financial burden of two homes.
These costs can include mortgage payments, taxes, insurance, utilities and upkeep. In addition to the costs you must also work to clean up the old house and take care of all those unfinished projects that must be completed before putting the home on the market. Once all of that is completed, the selling ritual of pictures, Realtors, showings, negotiations, offers and counter offers begins.
While all of this is in progress, your family is still placing demands on you to help get settled into your new home. Then all those other pesky little aspects of life keep eating up your time, work, school, children’s events, etc…
I have built custom homes for clients who have tried this and although it is convenient, I can attest that once you are about 99% moved out of the old house, the last 1% can be a drag. The work and time it takes to get the old house ready to sell WHILE you are trying to get your new home ready to live in can be stressful and it does take some of the joy/excitement from the move into a new home.
Two Moves
Other families resign themselves to selling their home first then moving into temporary housing (apartments, rent house, in-laws) and placing their belongings in storage until they can find a new home.
This method allows for a family to take their time in the search for a new home, however, the costs associated with a double move and storage of one’s personal items can add up. Often the temporary housing is smaller and less comfortable than living in true home.
We are also hearing from families that their children do become restless as they are not settled into a permanent environment. Once the families become restless the pressure to “just buy something” becomes intense and families may settle on a home or location that is not their first choice.
Sell & Search
The most common approach which we have witnessed is a family selling their home and then making a mad dash to find what they a new home once their home sells.
Often in the rush they have to settle for what homes are available in their budget. More often than not we find these families settling for a home and then spending tens of thousands of dollars to try to fix the home to get close to what they were hoping to find.
This rushed approach to finding a new home is always tempered by the stress and pressures of making sure the contract on their existing home settles up. We have heard stories of buyers who use the family’s contract on their new home as a tool to get greater concessions out of the family on the contract on their existing home.
Common Factor
The common factor in all of these scenarios is that the family is at the mercy of outside forces and either has to spend time and money to cover additional costs, put themselves under undo pressures, settle for a house that may not have been their first choice or all of the above.
The next part of this series will discuss how a builder offering a Trade In Your Home program can offer an easier less stressful path to your family’s new home.
Thank You
If you have a question on how to a trade program works, please feel free to email your questions to our offices. The Edinburgh Group is a full service building and land development firm serving the Upper East Tennessee Area. We offer new luxury homes, premium remodels, green building/remodeling, home care services, storm/roof repairs and commercial building contracting.
Please feel free to leave your comments, drop us an email at edinburghhomes@gmail.com or call our office at 423-366-0431. I also encourage you to visit www.edinburghcommunity.com to learn more about our homes,
If your family is not quite ready for us at this time, we will be at your service when you are in need or wish to request our assistance. If you know a family or client who may be in need of our services, we welcome and honor your referrals.
One of the largest hurdles families face in the search for a new home is what to do about the home they are currently living in. We hope these next few blog post helps illustrate how trading a home can benefit a family.
The first of this series discusses the most common hurdles families face when seeking to move to a new home. The second part will discuss how a new home builder offering a Trade In Your Home program can help overcome these challenges. The third part will discuss how a trade program works.
The challenges of buying a new home while living in your old home
Two Mortgages
Some families will move into a new home then sell their old home. This option does allow for a family to move at their own pace without being rushed however they do have the financial burden of two homes.
These costs can include mortgage payments, taxes, insurance, utilities and upkeep. In addition to the costs you must also work to clean up the old house and take care of all those unfinished projects that must be completed before putting the home on the market. Once all of that is completed, the selling ritual of pictures, Realtors, showings, negotiations, offers and counter offers begins.
While all of this is in progress, your family is still placing demands on you to help get settled into your new home. Then all those other pesky little aspects of life keep eating up your time, work, school, children’s events, etc…
I have built custom homes for clients who have tried this and although it is convenient, I can attest that once you are about 99% moved out of the old house, the last 1% can be a drag. The work and time it takes to get the old house ready to sell WHILE you are trying to get your new home ready to live in can be stressful and it does take some of the joy/excitement from the move into a new home.
Two Moves
Other families resign themselves to selling their home first then moving into temporary housing (apartments, rent house, in-laws) and placing their belongings in storage until they can find a new home.
This method allows for a family to take their time in the search for a new home, however, the costs associated with a double move and storage of one’s personal items can add up. Often the temporary housing is smaller and less comfortable than living in true home.
We are also hearing from families that their children do become restless as they are not settled into a permanent environment. Once the families become restless the pressure to “just buy something” becomes intense and families may settle on a home or location that is not their first choice.
Sell & Search
The most common approach which we have witnessed is a family selling their home and then making a mad dash to find what they a new home once their home sells.
Often in the rush they have to settle for what homes are available in their budget. More often than not we find these families settling for a home and then spending tens of thousands of dollars to try to fix the home to get close to what they were hoping to find.
This rushed approach to finding a new home is always tempered by the stress and pressures of making sure the contract on their existing home settles up. We have heard stories of buyers who use the family’s contract on their new home as a tool to get greater concessions out of the family on the contract on their existing home.
Common Factor
The common factor in all of these scenarios is that the family is at the mercy of outside forces and either has to spend time and money to cover additional costs, put themselves under undo pressures, settle for a house that may not have been their first choice or all of the above.
The next part of this series will discuss how a builder offering a Trade In Your Home program can offer an easier less stressful path to your family’s new home.
Thank You
If you have a question on how to a trade program works, please feel free to email your questions to our offices. The Edinburgh Group is a full service building and land development firm serving the Upper East Tennessee Area. We offer new luxury homes, premium remodels, green building/remodeling, home care services, storm/roof repairs and commercial building contracting.
Please feel free to leave your comments, drop us an email at edinburghhomes@gmail.com or call our office at 423-366-0431. I also encourage you to visit www.edinburghcommunity.com to learn more about our homes,
If your family is not quite ready for us at this time, we will be at your service when you are in need or wish to request our assistance. If you know a family or client who may be in need of our services, we welcome and honor your referrals.
Monday, February 14, 2011
First Time Home Buyers
First Time Home Buyers
Kingsport New Homes
Congratulations on deciding to purchase a new home. You’ll always remember the feeling that comes with buying your first home. The process requires quite a bit of careful research, but that doesn’t mean it has to be difficult. Ask any of our homeowners who have chosen Edinburgh Homes, and they’ll tell you the same thing: When it comes to buying a house, don’t settle for less. From the minute we break ground to the day you move in and beyond, we’ll make sure all the details are right. Because at Edinburgh Homes, we’re just as excited as you are.
Owning Verses Renting
What are the advantages of owning verses renting a home?
It's never too early or too late to plan for your future. Paying $750 rent per month now is the equivalent of buying a home for $100,000. In 40 Years with approximately 4 percent inflation per year, your $750 per month rent may increase up to $3,600 per month. With owning you could have your mortgage paid off in as little as 15 years. Owning a home is a very wise investment. Over time you should build up equity that can be used to pay for home improvements, a bigger home, etc. Real Estate historically is one of the most stable markets available to invest your money in. There are also tax advantages to owning. The interest you pay on your mortgage may be tax deductible. Talk to your tax preparer for more information.
Buying a home is probably the biggest financial commitment you'll ever make. Buying a home is not just a dollars-and-cents investment; it's an investment in your life. It will create a sense of stability and identity for you and your family. Regardless of how times change, owning a home remains the cornerstone of the American dream.
The benefits of buying, when able to, far outweigh those of renting. But in the long run, owning a home is extremely important since your home is one of the biggest investments you can make. The key to this is home equity. Equity is essentially the value of the home.
Here are just a few of the many advantages to owning vs. renting
- You can build equity No matter how much rent you pay, 100 percent of your apartment or house still belongs to your landlord. But every time you make an amortized mortgage payment, you own a little more of your house. Initially, interest makes up the vast majority of your payments, but the proportion is constantly shifting in your favor. If real estate values rise, you’ll be even farther ahead. The longer you plan to stay put, the more of this benefit you will reap.
- Tax Deduction You can usually deduct mortgage interest on your tax return, which can mean big savings. If you’re in a 28% tax bracket and have a $150,000 mortgage at 7%, the first full year you own your home you’ll most likely be able to deduct more than $10,000 in interest. That translates into a tax savings of almost $3,000. In addition, even if you sell your principal residence for more than what you paid, you may not have to pay capital gains taxes. (There are limits, so consult a financial advisor for advice on your particular situation.)
- Pride of ownership A house may be an investment, but first and foremost it’s a home for your family. Even without the financial benefits, many people like the stability and sense of pride that comes with owning a home. You can renovate it to suit your own needs, plant a vegetable garden in the back and let the cat scratch the walls knowing there’s no landlord to impose his or her rules.
Why Buy a New Edinburgh Home?
- Choices When shopping among existing homes, you have to take the previous owners' style into consideration. Do you pay even more to redecorate or do you make do with someone else's choices? A new Penn Home, however, provides you with numerous design, color and material options.
- Modern Appliances Appliance manufactures introduce new models every year and Penn Homes is able to offer you the latest state-of-the-art equipment at the time of completing your new home.
- Floor Plans Take a tour of many existing homes and you will find dated floorplans. We offer you a variety of modern layouts and styles to suit your family's needs and lifestyle.
- Low Maintenance Why worry about constantly maintaining your home if you don't have to? A new Penn Home offers the latest and greatest materials that technology can offer. New Homes are virtually maintenance-free for many years.-
Please visit our website at edinburghcommunity.com if you have any questions or please feel free to email me directly at edinburghhomes@gmail.com
Thursday, January 27, 2011
New Windsor Aughtry Home in the Edinburgh
MLS 302013
Amazing new home built by Windsor/Aughtry in the beautiful Edinburgh Community is now complete. Welcoming you into this traditional yet modern home is an airy two-story foyer and loft. Three bedrooms and 2 ½ baths offer great space, including 4th br/study on the main floor. There are many upgrades on this model including granite. The master suite is located on the second floor with a luxurious master bath that features his and her separate vanities as well as a garden tub and separate shower for your convenience. The laundry room is also located on the second floor to be easily accessed by you and your family. Approximately 2219 square feet. There are many plans available from Windsor/Aughtry between 1512 and 2973 sqft. Buyer/buyer's agent to verify all information about this new home in Kingsport.
Monday, October 25, 2010
No Excuse Not to Buy a Home Now
No Excuse Not to Buy a Home Now
Could it be that some people waited too long to get a good deal on a home? Birmingham, Alabama REALTOR® Charita Cadenhead says ‘yes’ and shares her reasons why in a recent post.
“Potential homebuyers [have] chose[n] the absolute worst time to stall on buying a home. Interest rates are at an all time low, foreclosures are rampant, presenting an endless possibility of getting more house for their money, and more choices than they’ll ever have. And yet, they waited and waited and continue to wait. What they have done is ‘waited’ themselves out of an opportunity.
Now on the seller side (and we’re talking about traditonal, non-foreclosure sellers), a small window of opportunity has opened the door for owners of non-foreclosure properties to capitalize on the current processing freeze on foreclosure properties. Current sellers have been complaining about having to compete with foreclosures in their neighborhoods. Now that banks such as Bank of America have put a freeze on foreclosures (listed, processing and pending sales, etc.), a boatload of the competition has suddenly vanished.
That being said, what excuses do home sellers have now to wait?
- They have less competition in the market place
- More negotiating power in the interim
- The attention of more buyers who are now intimidated by foreclosures (they’re thinking that foreclosures may not be such a great deal after all)
While sellers may not get maximum dollar, if they play their cards right, they can certainly get more than they thought. This current real estate market is a market of opportunity and sometimes there’s only a small window of opportunity. Sellers can be like buyers have been and ‘wait’ themselves out of a golden opportunity. Or they can ‘get off the pot’, as they say, and take advantage of the best opportunity in the past two years.
Any seller that has been contemplating the sale of their home would be wise to jump not only at this window of opportunity, but through it. Sellers should learn a valuable lessons from the many potential buyers who missed their window of opportunity. Just for once in their lives, they need to take the leap of faith and be an opportunist.”
Click here to read more blog posts by Charita Cadenhead.
Follow the Edinburgh on Twitter... http://twitter.com/#!/TheEdinburgh
Find us on Facebook at http://www.facebook.com/group.php?gid=60203712007
If you are looking to buy are sell a house, please don't hesitate to give us a ring at 423-218-2008
Saturday, October 9, 2010
Should I Buy a New Home or an Old One?
Advantages of Buying a New Home versus Older One
Posted in: Home Builders, Homes for Sale
Everything is New
One of the most obvious advantages to purchasing a new home vs an older home is the fact that everything in your home will be brand new. When purchasing a pre-owned home, the carpet, fixtures, walls, appliances etc… have been used by at least one family before you. Any stains, chips or holes are yours to keep and will remain for the duration of your lease. Purchasing a new home ensures that everything will be clean and unused when you move-in.
Customization
When purchasing a new home, you are given the opportunity to customize certain aspects of your home; the level of customization varies from builder to builder. Cabinets, flooring, bonus rooms and energy efficient features are just some of the many amenities you get to pick out when building your home.
Green Features
Many new homes today are built with your comfort and the environment in mind. These homes often are constructed with green materials and are designed to include other environmentally friendly amenities as well, such as solar panels, tankless water heaters, better insulation and indoor air filtration systems. These features are both kind to the environment and to your wallet, as they save you money each month on utilities. Ussually any pre-owned home you purchase will not have these added benefit of green features.
Safety
Some older homes were built with hazardous materials, such as asbestos and lead-based paint. For families moving into an older home, these dangerous and outdated building methods can seriously threaten the health and safety of you and your family. In addition, overtime, mold may have developed in a home and can greatly affect the health of you and your family. In choosing to buy a new home, you will be moving into a house that is not only free of these hazards, but it is also up to date on all plumbing and wiring regulations, ensuring a safer environment for your family.
Easy Maintenance
Newer homes are built using durable and lasting materials, which translate into to less upkeep and maintenance. In an older home, you may have to deal with worn out appliances, run-down materials, wiring and plumbing that may be in constant need of repair, or any number of other issues. As a new home owner, you’ll run into fewer issues and if you do, you can call your home builder’s customer service team for quick resolution. In most cases, you are protected by a builder warranty and manufacturer warranties on materials and products.
re-posted with Permission
Saturday, September 25, 2010
What Borrowers Should Know about FHA Loans
What Borrowers Should Know about FHA Loans
1. FHA loans are not only for lower-income borrowers. FHA loans are available to everyone. There is no maximum income restriction associated with FHA loans, but borrowers do need to substantiate income and assets by submitting proper documentation. This requirement ensures that borrowers are well-vetted and truly able to afford their future homes.
2. FHA loans are not only for first-time buyers. Many people believe FHA loans are available only to first-time home buyers, but this is not the case. Whether borrowers are making their first home purchase or their fifth, they can look to FHA loans as a home financing option.
3. FHA loans are not just small loans; in fact, loan amounts can be as high as almost $800,000. The government recently raised the maximum loan amount from its original cap of $362,790 to $793,750 as a way to help stabilize the housing market. The amount a buyer can borrow varies from county to county, though. Later this summer, condo buyers interested in FHA loans can visit www.checkfhaapproval.com to instantly identify FHA-approved condo associations and review maximum loan amounts for a given location.
4. FHA loans are not affiliated with the Section 8 housing program. While both programs are administered by the U.S. Department of Housing and Urban Development (HUD), FHA loans have nothing to do with low-income subsidized housing. FHA loans are simply mortgages insured by FHA. This insurance provided by the federal government allows lenders to lend more freely by assuring them that they will be repaid in the event of default. Most traditional lenders, including Wells Fargo & Co., JP Morgan Chase and Citigroup are able to provide FHA loans to their customers.
5. FHA loans are often more affordable than conventional loans. While FHA loans typically offer the same interest rates as other loans, borrowers benefit from a much lower down payment of as low as 3.5%.
6. FHA-approved condo developments are more desirable to buyers. With 87% of home buyers indicating that they plan to use FHA loans, condo associations that are not FHA approved are missing out on a significant pool of prospective buyers. Under rules in place since February 2010, an entire condominium development must now apply to HUD and be granted FHA approval before a buyer can purchase a unit in an association with an FHA loan or before an existing unit owner can refinance into an FHA loan.
Due to the general challenges with today’s lenders extending credit with respect to conventional loans, many borrowers may find that FHA is their best bet. Lenders don’t mind lending when the federal government (FHA) assures them of repayment.
Homeowners associations (HOAs) should note that although FHA-insured mortgages might be easier to obtain, they are not “risky” loans, due in large part to the strict “full documentation” requirements placed on borrowers. Individual buyers or sellers can initiate the approval process or current owners can encourage their HOA to apply.
7. FHA loans are assumable. In addition to lower down-payment and credit-qualifying requirements as compared to conventional loans, FHA loans are assumable. This means that when a seller with an FHA loan sells his or her property, the loan and its financing terms (interest rate) can be transferred to the new buyer. This unique feature will certainly make a property more valuable in times of rising interest rates.
Both Edinburgh and Edinburgh both fully qualify under FHA guidelines. Call Eric Kistner with Keller Williams/The Edinburgh Group to learn about all of your financing options. 423-218-2008 edinburghhomes@gmail.com
Subscribe to:
Posts (Atom)