Staging Your Home-Nail Pops

Nail pops are a annoying and seen in many homes especially in dryer climates.  The term comes from the nails that hold the drywall to the studs actually popping out through the face of the drywall.  This is from either a house settling, poor workmanship (? my opinion) or a home settling thus squeezing the nail out of the wood and pushing it through the drywall.  The fix for this isn't terribly hard but it's tedious because there are up to 32 nails in a 4 foot by 8 foot sheet of drywall.  My suggestion is to pound the nail through the drywall to the stud.  Then just above it place a drywall screw to hold the drywall to the sud and finish it off with a few coats of joint compound.  Finally, seal and paint it.  Many home improvement stores also sell nail pop kits that can make this job easier.


Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com

Staging Your Home-Squeaky Stairs

The most common problems that occur in a staircase is that the horizontal surface of the steps (treads) are coming loose and that causes squeaking.  Another common problem are the spindles or balusters coming loose.  If you can get underneath the staircase fixing the treads is easy.  You will need to attach an L-bracket from the underside of the tread to the stringer (the long piece of wood that connects the treads and runs diagonally up the wall).  If you can't get underneath the staircase, you'll have to make the repair from above.  Squeaky stair kits are available that allow you to make this fix even through the carpet.  Otherwise, you can secure the tread to the stringer with a time screw.



Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com

Home Closing Process - What Questions to Ask Your Agent Part I

If you are a seller, these are questions you should be asking your agent during the sale process:
*What if the appraisal for the lender who is making the loan for the buyer comes in lower than the sales price and the loan amount is reduced?


*What if, even after an appeal, the lender refuses to raise the loan amount to the amount that the buyer needs to close the transaction?

*What if the sales price is altered due to a low appraisal?  Can the seller negotiate fees that they have agreed to pay such as repairs, inspections, loan fees or commissions?


*What if a buyer though they were pre-qualified does not ultimately qualify for the loan?


*What if the buyer tries to continue to negotiate throughout the closing process?


*What if the buyer, the buyer's agent, the lender, the appraiser, the different inspectors or the repair people are not doing their jobs within the time frames which were projected at the onset of closing and it now appears that these actions are going to delay the closing?


*What if a buyer has a significant change in his or her life before the closing (loses job, divorce or bankruptcy)?

Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com

FHA Conditions that will Require Automatic Repair for Existing Properties

*Inadequate access/egress from bedrooms to exterior of home
*Leaking or worn out roofs (if 3 or more layers of shingles on leaking or worn out roof, all existing shingles must be removed before re-roofing)
*Evidence of structural problems (such as foundation damage caused by excessive settlement)
*Defective paint surfaces in homes constructed pre-1978
*Defective exterior paint surfaces in homes constructed post-1978 where the finish is otherwise protected.

While not all inclusive, this should give you an idea what issues might concern an FHA appraiser doing an appraisal on your home.


Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com

FHA APPRAISAL REQUIREMENTS - GENERAL RULES TO REMEMBER

Think of Safety and Soundness as best describing the FHA Appraisal Requirements as listed below:

Safety - FHA underwriting guidelines require that lenders review the appraisal to see if the appraiser has made note of property conditions that will affect the health and safety of the occupants.

Soundness - FHA underwriting guidelines require that lenders review the appraisal to see if the appraiser has made note of property conditions that jeopardize the soundness and structural integrity of the home.

When an FHA appraisers do an appraisal they are making sure that their aren't any safety hazards and that home is structurally sound. 


Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com

WHAT IS A HOMEOWNER'S ASSOCIATION (HOA) ASSESSMENT LIEN?

Once a homeowner becomes delinquent on their monthly fees (assessments), the HOA attaches an assessment lien to the homeowner's property for the benefit of the HOA.  This assessment lien allows the HOA to sell the homeowner's property to repay delinquent fees owed to the HOA.  Arizona law defines that an HOA assessment lien may only be imposed for past due assessments, late fees, collection fees and attorney's fees relating to the past due HOA assessments. An assessment lien foreclosure lawsuit can only be filed if the homeowner is delinquent by at least $1,200 in overdue assessments or it is a least one year past due.   If the HOA begins its foreclosure lawsuit too soon, the lawsuit can be dismissed.


An HOA assessment lien also operates as a cloud on the title which prohibits the seller from selling or refinancing the property until the HOA assessment lien is paid off.    Most assessment liens are automatically extinguished if collection proceedings are not brought within 3 years.  Furthermore, once a property is foreclosed upon, the HOA assessment is extinguished and the HOA essentially loses whatever monies they are owed.



Linda Shank Broker Owner Linda Shank and Company is a 32 year real estate veteran in Phoenix's Southeast Valley.  Contact her at www.ISellAZSunshine.com