askcherish

From Recruit to Realtor: My Journey in Real Estate
March 5, 2025

Growing up in a family of realtors, real estate was always a part of my life. My mom started her career in 1969, and it wasn’t long before I found myself drawn to the profession. Though she tried to recruit me for years, I initially resisted, not seeing myself following in her footsteps. But in 2000, after some heartfelt persuasion and a generous offer to help with my down payment or my first home, I decided to take the plunge and get my real estate license.

Starting out, the learning curve was steep. There was no internet real estate websites to rely on; clients depended on us to provide them with listings and market insights. Fast forward to today, and the landscape has changed dramatically. The internet has revolutionized how buyers search for homes, making information more accessible than ever.

One of the most memorable experiences of my career was in 2010, after the real estate market crash. Inventory was high, but the buying frenzy had shifted. I worked with a client who submitted 18 offers before finally finding her new home. Educating her about the process and staying persistent paid off, and it was so rewarding to see her thrive in her new space for a decade.

Now, as I celebrate my 25th year in this business, I’m grateful for the journey and the opportunity to mentor new agents. It’s about more than just transactions; it’s about building relationships and helping people find their place to call home.

Your friend in real estate,
Cherish Green

Understanding Real Estate Deductions for Repairs and Renovations
February 17, 2025
When it comes to owning property, understanding tax deductions can help you save money and make the most of your investment. In this blog post, we'll explore when you can deduct repairs and renovations, as well as other potential tax write-offs for real estate owners.
Repairs vs. Improvements
First, it's essential to differentiate between repairs and improvements. Repairs are generally tax-deductible in the year they are made, while improvements must be depreciated over time. The IRS defines repairs as expenses that keep your property in good working condition without significantly increasing its value or extending its useful life. On the other hand, improvements add value to your property, adapt it to a new use, or extend its useful life.
Examples of Deductible Repairs
Some common examples of deductible repairs include:
  • Painting
  • Fixing leaks
  • Plastering and other types of wall repairs
  • Replacing broken windows or doors
  • Minor electrical or plumbing repairs
  • Fixing gutters
Examples of Depreciable Improvements
Examples of improvements that must be depreciated over time include:
  • Adding a new room
  • Installing a new roof
  • Upgrading the electrical system
  • Adding a swimming pool
  • Replacing an entire plumbing system
Other Potential Tax Write-Offs
In addition to repairs and improvements, real estate owners can potentially write off other expenses, such as:
  • Mortgage interest payments
  • Property taxes
  • Insurance premiums
  • Advertising and legal fees related to renting the property
  • Maintenance costs (e.g., lawn care, snow removal)
Consult with a Tax Professional
Tax laws and regulations can be complex, so it's always a good idea to consult with a tax professional who specializes in real estate to ensure you're taking advantage of all the deductions you qualify for. They can help you navigate the nuances of tax deductions and make the most of your real estate investment.
In summary, understanding the differences between repairs and improvements is crucial when it comes to real estate tax deductions. While repairs can be deducted in the year they are made, improvements must be depreciated over time. Additionally, don't forget to explore other potential tax write-offs related to your property to maximize your savings.
Your friend in real estate,
Cherish Green

 

Title: Tips on Identifying Fraudulent Sellers
January 25, 2025
Welcome to Ask Cherish, your go-to source for expert real estate advice! Today, we tackle the challenge of identifying fraudulent sellers in the ever-changing real estate landscape.
As real estate professionals, we often come across fraudulent leads. To safeguard our business and maintain the integrity of our clientele, it's crucial to recognize potential red flags and take proactive steps to verify the identity of our prospects. Here are three strategies to consider:
  1. Request legal identification: Always ask for a government-issued ID to confirm your potential client's identity. Legitimate clients should be willing to provide this information.
  2. Utilize the Forewarn app provided by the National Association of Realtors (NAR): Leverage the power of technology by using this app to access background information on prospects and determine their credibility.
  3. Schedule an online Zoom meeting or in-office appointment: Arrange face-to-face interactions with potential clients, as fraudulent leads are more likely to disappear when confronted with such meetings.
By implementing these steps in your practice, you'll be better equipped to identify and avoid fraudulent sellers, ultimately protecting your business and preserving trust within the real estate community.
As a reminder, once you establish a procedure for one client, it is crucial to follow the same procedure for all clients to maintain consistency and prevent any potential fair housing issues. .
Your friend in real estate,
Cherish Green
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Title:  Embarking on a Real Estate Career with Cherish Green and Coldwell Banker Elite
November 18, 2024
If you're considering a career in real estate, it's essential to understand the steps involved in getting your license and choosing the right brokerage to support your success. Here's a detailed guide to help you navigate the process and highlight the benefits of joining my team at Coldwell Banker Elite:
  1. Pre-Licensing Education: Begin by enrolling in a 60-credit-hour Virginia Real Estate Board-approved course. These courses can be completed online or in-person and typically cost between $300 to $500. Upon completion, you'll receive a certificate.
  2. Pass the Virginia Real Estate Exam: Register for the Virginia Principles & Practice of Real Estate exam through PSI. The exam fee is around $90. Be sure to prepare thoroughly to increase your chances of passing on the first try.
  3. Select a Brokerage: Choosing the right brokerage is crucial for your success. By joining my team at Coldwell Banker Elite, you'll be supported by a top real estate company in Virginia with extensive resources, education, and expertise to help you navigate the intricacies of being a realtor.
  4. Apply for Your License: Submit your application for a real estate salesperson license to the Department of Professional and Occupational Regulation (DPOR). The cost for a new license in Virginia is $230.
  5. Join a Board and Associations: As a real estate professional, you'll need to join local, state, and national associations, including the REALTOR® Association of Prince William (PWAR), Virginia REALTORS® (VAR), and the National Association of REALTORS® (NAR). PWAR dues are $350 annually, while NAR and VAR dues are $156 and $197, respectively. PWAR allows you to bundle these fees and pay them through one entity.
  6. Additional Subscriptions and Dues: As a real estate agent, you'll also need to subscribe to Bright MLS ($120 per quarter) for property listing information and pay SentriLock dues ($165 annually) for lockbox access.
  7. Post-Licensing Training: While pre-licensing education covers real estate laws and terminology, ongoing learning about contracts, marketing, and other practical aspects is essential. As part of Coldwell Banker Elite, you'll have access to ongoing training and support to ensure your success in the field.
By following these steps and partnering with me at Coldwell Banker Elite, you'll benefit from our resources, support, and training to excel in your real estate career. Together, we can help you build a thriving business and achieve your professional goals.
November 11, 2024
Homeownership is a significant milestone in life, and it is essential to consider the best ways to protect and manage your valuable asset. One effective strategy is placing your home in a trust. This legal arrangement offers various advantages and can provide peace of mind for you and your loved ones. In this blog post, we will explore the key benefits of having your home in a trust.
1. Seamless Succession Planning
When you place your home in a trust, you can designate beneficiaries who will inherit the property upon your passing. This streamlined process bypasses the probate court, allowing for a quicker transfer of ownership and reduced legal costs.
2. Privacy and Confidentiality
Unlike a will, a trust is not a matter of public record, ensuring your personal information and asset distribution plans remain private. Your beneficiaries can maintain their privacy, avoiding unnecessary attention or complications during an emotional time.
3. Protection from Creditors and Lawsuits
Trusts can shield your property from potential creditors or legal judgments. By transferring ownership to the trust, your home is no longer considered a personal asset, offering increased protection for your investment.
4. Tax Benefits
Some trusts can help minimize estate taxes, potentially reducing the financial burden on your beneficiaries. Consult a tax professional to explore the specific advantages based on your circumstances and local regulations.
5. Flexible Management
A trust allows you to appoint a trustee to manage the property on your behalf should you become incapacitated or choose to step away from the responsibilities. This ensures your home remains in trusted hands and is cared for as you intended.
6. Continuity for Beneficiaries
Trusts can help maintain continuity for beneficiaries, such as keeping family vacation homes within the family or ensuring a stable living environment for dependents.
In conclusion, placing your home in a trust is an effective strategy for protecting your valuable asset while providing peace of mind for you and your loved ones. Consult with an experienced estate planning attorney to determine the most suitable trust structure based on your unique situation and goals. With proper guidance and planning, you can enjoy the many benefits of having your home in a trust.
Your friend in real estate,
Cherish Green

 

Title: Unlock the Benefits of Placing Your Home in a Trust
November 11, 2024
Homeownership is a significant milestone in life, and it is essential to consider the best ways to protect and manage your valuable asset. One effective strategy is placing your home in a trust. This legal arrangement offers various advantages and can provide peace of mind for you and your loved ones. In this blog post, we will explore the key benefits of having your home in a trust.
1. Seamless Succession Planning
When you place your home in a trust, you can designate beneficiaries who will inherit the property upon your passing. This streamlined process bypasses the probate court, allowing for a quicker transfer of ownership and reduced legal costs.
2. Privacy and Confidentiality
Unlike a will, a trust is not a matter of public record, ensuring your personal information and asset distribution plans remain private. Your beneficiaries can maintain their privacy, avoiding unnecessary attention or complications during an emotional time.
3. Protection from Creditors and Lawsuits
Trusts can shield your property from potential creditors or legal judgments. By transferring ownership to the trust, your home is no longer considered a personal asset, offering increased protection for your investment.
4. Tax Benefits
Some trusts can help minimize estate taxes, potentially reducing the financial burden on your beneficiaries. Consult a tax professional to explore the specific advantages based on your circumstances and local regulations.
5. Flexible Management
A trust allows you to appoint a trustee to manage the property on your behalf should you become incapacitated or choose to step away from the responsibilities. This ensures your home remains in trusted hands and is cared for as you intended.
6. Continuity for Beneficiaries
Trusts can help maintain continuity for beneficiaries, such as keeping family vacation homes within the family or ensuring a stable living environment for dependents.
In conclusion, placing your home in a trust is an effective strategy for protecting your valuable asset while providing peace of mind for you and your loved ones. Consult with an experienced estate planning attorney to determine the most suitable trust structure based on your unique situation and goals. With proper guidance and planning, you can enjoy the many benefits of having your home in a trust.
Your friend in real estate,
Cherish Green

"Discovering the Benefits of Active Adult Communities in Prince William County"

November 4, 2024

Discovering the Benefits of Active Adult Communities in Prince William County
Welcome to another edition of Ask Cherish Weekly! Today, we're exploring the many benefits of choosing an active adult community in Prince William County.
  1. Age-Restricted Living: Active adult communities cater specifically to the 55+ age group, ensuring that residents are surrounded by peers in the same stage of life. This fosters an environment of social connection and shared interests among residents.
  2. Amenities Galore: These communities often offer a wide range of amenities to keep residents engaged and entertained. From golf courses and swimming pools to fitness centers and walking trails, there's something for everyone.
  3. Maintenance-Free Living: Many active adult communities provide maintenance services, such as lawn care and snow removal, giving residents more time to enjoy the activities they love without worrying about upkeep.
  4. Social Opportunities: With various clubs, events, and interest groups, residents can participate in a vibrant social scene and build lasting friendships with like-minded neighbors.
  5. Peace of Mind: Active adult communities often provide enhanced security features, such as gated entrances or on-site security personnel, offering residents peace of mind and a sense of safety.
  6. Health and Wellness Focus: These communities prioritize healthy living by offering amenities like fitness centers, yoga studios, and wellness programs to keep residents active and engaged in a healthy lifestyle.
  7. Location, Location, Location: Prince William County offers easy access to shopping, dining, entertainment, and healthcare facilities, ensuring that residents have everything they need within reach.
Choosing an active adult community in Prince William County means embracing a lifestyle that's both exciting and relaxing. With countless opportunities to socialize, stay active, and enjoy a maintenance-free lifestyle, it's no wonder these communities are a popular choice for those entering their golden years.
If you have questions about finding the perfect active adult community or any other real estate inquiries, don't hesitate to reach out to Ask Cherish. We're here to help you find the home and lifestyle that best suits your needs.
Your friend in real estate,
Cherish Green

"Understanding the Difference Between Property Value and Tax Assessment"

October 28, 2024

Welcome to another edition of "Ask Cherish," where we break down common real estate questions to help you navigate the world of homeownership. Today, we'll explore why property value and tax assessments can differ and what this means for homeowners.
Property Value
Property value, or fair market value, is the price a buyer is willing to pay for a property in current market conditions. Several factors can influence property value, such as location, size, age, condition, and recent sales of comparable properties in the area. Property values can fluctuate based on supply and demand, making them subject to change over time.
Tax Assessment
A tax assessment is a government-issued evaluation of a property's value for the purpose of levying property taxes. Tax assessments aim to reflect a property's fair market value, but they are typically updated less frequently than the actual market value, often every few years. As a result, assessments may not always align with current market conditions.
Factors Contributing to Differences Between Property Value and Tax Assessment
  1. Timing: Since tax assessments occur periodically, they may not reflect recent changes in property values due to market fluctuations or property improvements.
  2. Methodology: Tax assessments rely on mass appraisal techniques that consider general market trends, whereas property value often relies on individual property characteristics and local market conditions.
  3. Purpose: Tax assessments aim to determine a property's taxable value, while property value is used to establish a listing price for buying or selling a property.
Implications for Homeowners
Understanding the difference between property value and tax assessments can help homeowners make informed decisions about buying, selling, and managing their properties. If a tax assessment significantly differs from the current property value, homeowners may be able to appeal the assessment to seek a more accurate reflection of their property's worth.
In conclusion, property value and tax assessments serve distinct purposes and may not always align due to various factors. By staying informed about these differences, homeowners can better understand their property's worth and navigate the real estate landscape with confidence.
Your friend in real estate,
Cherish Green

"Zoning Applications for Fences, Sheds, and Exterior Modifications in Prince William County, Virginia"

October 21, 2024

Welcome to another "Ask Cherish" segment, where we delve into essential real estate topics to help guide you through the complexities of homeownership. This time, we'll focus on zoning applications for fences, sheds, and exterior modifications in Prince William County, Virginia.
Zoning Requirements for Fences, Sheds, and Exterior Modifications
  1. Fences: In Prince William County, fencing requirements vary based on the fence's height, location, and purpose. Fences may require a zoning permit if they exceed specific height limits or are located within certain zoning districts or easements.
  2. Sheds: Sheds may need a zoning permit if they exceed a certain size threshold, are placed in specific areas of the property, or are used for purposes beyond storage, such as a home office or workshop.
  3. Exterior Modifications: Changes to the exterior of a property, such as additions, decks, or patios, often require zoning permits to ensure compliance with setback, height, and lot coverage regulations.
Zoning Application Process
To obtain zoning approval for fences, sheds, and exterior modifications in Prince William County, follow these general steps:
  1. Research Regulations: Consult the Prince William County Zoning Ordinance to understand the requirements and restrictions for your specific project.
  2. Consult with Staff: Contact the Planning Office to discuss your project, ask questions, and receive guidance on the application process.
  3. Submit the Application: Complete the appropriate application forms, provide necessary documentation (such as site plans or architectural drawings), and pay the required fees. Submit your application through the county's ePortal or in person at the Development Services Building.
  4. Review and Approval: Your application will undergo staff review, and you may need to attend public hearings, depending on the project's complexity and potential impact on the community.
Conclusion
Understanding and adhering to zoning regulations for fences, sheds, and exterior modifications is crucial in Prince William County. By conducting thorough research, engaging with county staff, and diligently navigating the application process, you can help your clients successfully complete their home improvement projects while maintaining the safety and aesthetic integrity of the community.
Your friend in real estate,
Cherish Green

"Understanding the Value of Home Warranties and Homeowners Insurance"
October 14, 2024
Welcome back to another installment of "Ask Cherish," where we break down essential real estate topics to help guide you through the world of homeownership. This week, we'll discuss the importance of home warranties and homeowners insurance – two crucial aspects that often go hand-in-hand.
Home Warranties
A home warranty is a service contract that covers the cost of repairs or replacements for major home appliances and systems, such as plumbing, electrical, heating, and cooling. These warranties often last for one year and can be renewed annually.
Benefits of a home warranty include:
  1. Financial Protection: A home warranty can help safeguard your budget against unexpected repair or replacement costs for essential home systems and appliances.
  2. Convenience: With a home warranty, you have access to a network of pre-screened service professionals who can address issues promptly, saving you time and effort in finding reliable help.
  3. Peace of Mind: Knowing you're covered for potential breakdowns can provide reassurance and make homeownership more enjoyable.
Homeowners Insurance
Homeowners insurance is a policy that protects your home and personal belongings from damages or losses resulting from covered perils, such as fire, theft, and certain weather events. It also provides liability coverage in case someone is injured on your property.
Advantages of homeowners insurance include:
  1. Financial Security: Insurance can help cover the costs of repairs or replacements for damages to your home and belongings, preventing you from facing significant financial strain.
  2. Liability Protection: Liability coverage can safeguard your assets in case someone is injured on your property and decides to sue.
  3. Peace of Mind: Like a home warranty, homeowners insurance offers peace of mind by providing a safety net against unforeseen circumstances that could damage your home and valuables.
While both home warranties and homeowners insurance offer protection, it's important to understand the differences. A home warranty covers normal wear and tear on appliances and systems, while homeowners insurance protects against sudden and accidental damage from specific perils. Having both can provide a comprehensive safety net to ensure you're well-prepared for various scenarios.
In conclusion, home warranties and homeowners insurance are valuable tools that serve distinct purposes in safeguarding your home and finances. As always, consult with professionals and review policy details to ensure you secure the right coverage for your unique needs.
Your friend in real estate,
Cherish Green
"Should I buy now, or wait?"
Monday October 7, 2024
Welcome back to another edition of "Ask Cherish," where we dive into common real estate questions to help guide you through the world of buying and selling homes. This week, we're tackling a question that many homebuyers face: is it better to buy a home now or wait for the market to change?
Reasons to Buy Now
  1. Current Interest Rates: Although interest rates may not be at their lowest, they are still relatively affordable, providing buyers with the opportunity to secure a reasonable mortgage.
  2. Available Inventory: Encourage your client to evaluate the current selection of homes on the market and consider whether waiting may limit their options.
  3. Market Uncertainty: Predicting future market conditions is challenging. If your client finds a suitable property that meets their needs and budget, purchasing now may be wise.
Reasons to Wait for Market Changes
  1. Potential Lower Prices: Depending on market conditions, waiting could result in lower home prices. However, it's crucial to consider the possibility that prices may not decrease or could even increase.
  2. Interest Rate Fluctuations: Interest rates can be unpredictable and may rise in the future, which could offset any savings from lower home prices.
  3. Market Timing: Waiting for the market to change may take an indeterminate amount of time, potentially delaying your client's homeownership plans.
Factors to Consider
  1. Client's Needs and Goals: What is your personal situation and their reasons for considering a home purchase. Factors such as your current living situation, job stability, and financial goals can influence your decision.
  2. Risk Tolerance: Assess your risk tolerance and their comfort level with uncertainty. If you are risk-averse, buying now may be the better choice.
  3. Local Market Trends: Research and share insights on local market conditions to provide you with a clearer picture of the current and potential future state of the housing market.
Ultimately, the decision to buy now or wait for market changes rests with you.  Stay tuned for more "Ask Cherish" real estate insights in the coming weeks!
Your friend in real estate Cherish Green

"The Importance of Checking Permits for Home Modifications"

Monday September 30, 2024

Welcome to this week's "Ask Cherish" blog post! Today, we're exploring the significance of verifying permits for home modifications when buying a property.
When searching for a new home, you may come across properties with various updates and modifications, such as finished basements, renovated kitchens, or additional living spaces. While these features can add value and appeal, ensuring that proper permits were obtained for such modifications is crucial. Let's delve into the reasons why.
Safety and Code Compliance
Building permits ensure that modifications adhere to local building codes, safety standards, and zoning regulations. Unpermitted work may result in hazardous living conditions, such as faulty electrical wiring, inadequate structural support, or improper plumbing installations. By verifying that proper permits were obtained, you can have peace of mind knowing the modifications were completed safely and in compliance with applicable regulations.
Insurance Implications
Homeowner's insurance may not cover damage or losses related to unpermitted modifications. If a fire or other incident occurs due to unpermitted work, your insurance company could deny coverage, leaving you responsible for the financial burden. Checking permits before purchasing a home can help avoid potential insurance complications down the road.
Resale Value and Marketability
When it's time to sell your home in the future, unpermitted modifications can deter potential buyers and negatively affect the property's resale value. Many buyers are hesitant to take on the risk and hassle of addressing unpermitted work, which could result in a lower selling price or a longer time on the market.
Financing Difficulties
Lenders may be cautious about approving a mortgage for a property with unpermitted modifications due to the potential risks involved. Appraisals might be lower, and lenders could require a larger down payment or even deny the loan. Ensuring that proper permits were obtained can help avoid potential financing obstacles.
In summary, checking permits for home modifications is essential to ensure safety, code compliance, and maintain a property's value and marketability. As you embark on your home buying journey, remember to ask your real estate agent for assistance in verifying that proper permits were obtained for any modifications made to a potential home.
Your friend in real estate,
Cherish
 
"What are the pros and cons for applying for multiple mortgages?"
Monday September 23, 2024
In the competitive world of home buying, some buyers may consider applying for multiple mortgages simultaneously as a way to increase their chances of securing the best loan terms. While this strategy can offer certain benefits, it also comes with potential drawbacks. In this month’s "Ask Cherish," we will explore the pros and cons of submitting multiple mortgage applications during your home search.
Pros:
  1. Better Rates: Shopping around lets you compare offers, helping you secure the best deal possible on your mortgage.
  2. Negotiating Power: With multiple loan offers, you can negotiate better terms, as lenders may adjust their offers to win your business.
  3. Higher Approval Chances: Applying to various lenders could improve your chances of approval, especially if you have unique financial circumstances or less-than-perfect credit.
Cons:
  1. Credit Score Impact: Each mortgage application results in a hard inquiry on your credit report, potentially lowering your credit score. Multiple inquiries in a short period may make you seem like a high-risk borrower.
  2. Time and Effort: Applying for multiple mortgages takes time and effort, as you'll need to complete applications, gather documents, and respond to inquiries from different lenders.
  3. Comparison Confusion: Evaluating multiple loan estimates can be complex, particularly if each lender presents their terms differently.
    Understanding Hard and Soft Credit Pulls:
    • Hard Pulls: A hard pull occurs when a lender reviews your credit report after you apply for credit, such as a mortgage or auto loan. These inquiries can impact your credit score, especially if you have multiple hard pulls within a short period.
    • Soft Pulls: A soft pull happens when someone checks your credit for reasons not related to a loan or credit card application, such as an employer conducting a background check or a lender sending you pre-approved offers. Soft inquiries do not affect your credit score.
Consider your personal situation, financial goals, and risk tolerance when deciding whether to apply for multiple mortgages. Stay organized, track application statuses, and review loan estimates carefully to make an informed decision. If needed, consult with a trusted real estate or financial professional for guidance.
Your friend in real estate Cherish Green
"How can I get my lot, unlocked, LANDLOCKED?"
Monday September 16, 2024
Ask Cherish: Unlocking Your Landlocked Property - Solutions for Limited Access
Owning a landlocked property, one without direct access to a public road, can present unique challenges when it comes to accessibility and usability. Fortunately, there are several strategies you can employ to address this issue and make the most of your landlocked lot.
  1. Negotiate an Easement: An easement is a legal agreement that allows you to access your property by crossing another person's land. To obtain an easement, you'll need to negotiate with the neighboring landowners and come to a mutual agreement on the terms of access. Consult with a real estate attorney to ensure the proper legal documentation is in place.
  2. Purchase Adjoining Land: If it's within your budget, consider purchasing a portion of the neighboring property that would provide your lot with direct access to a public road. This solution not only unlocks your land but also expands your overall property.
  3. Land Swap: Propose a land swap to a neighboring landowner, exchanging a portion of your landlocked property for a piece of their land that would provide access to a public road. This option requires cooperation and agreement from your neighbor but can be a mutually beneficial arrangement.
  4. Eminent Domain: In some cases, local governments may exercise eminent domain to seize private property for public use, such as creating access roads. This option is usually a last resort, as it involves complex legal proceedings and fair compensation to the landowners involved.
  5. Explore Alternative Access Options: Consider potential alternative access points, such as water access or shared driveways. While these options may not be ideal, they could provide a viable solution for unlocking your landlocked property.
In conclusion, while owning a landlocked property can present challenges, there are multiple strategies you can employ to improve accessibility and maximize the value of your lot. By negotiating with neighboring landowners, exploring legal options, or considering alternative access solutions, you can unlock your landlocked property and create a more functional living space.
Your friend in real estate Cherish Green

Top 5 Home Improvements With the Best Return on Investment

Monday September 9, 2024

Ask Cherish: Top 5 Home Improvements With the Best Return on Investment
When considering home improvement projects, it's essential to choose updates that not only enhance your living space but also provide a strong return on investment (ROI). In this post, we'll explore the top five home improvement projects that offer the highest ROI, making them wise investments for any homeowner.
  1. Electric HVAC Conversion: Upgrading your HVAC system to an energy-efficient electric model not only reduces your home's carbon footprint but also appeals to eco-conscious buyers. This improvement can yield a substantial ROI, as buyers value homes with lower energy costs and sustainable features.
  2. Garage Door Replacement: A new garage door not only boosts curb appeal but also improves your home's energy efficiency and security. This cost-effective update can deliver a significant ROI, as potential buyers recognize the practical benefits and aesthetic value of a modern garage door.
  3. Manufactured Stone Veneer: Adding a manufactured stone veneer to your home's exterior enhances its visual appeal and durability. This upgrade offers an attractive ROI, as potential buyers appreciate the low-maintenance and striking appearance of stone veneer.
  4. Steel Entry Door Replacement: Replacing your entry door with a steel model provides improved energy efficiency, security, and visual appeal. This project has a reputation for delivering a high ROI, as buyers value the practical and aesthetic benefits of a new entry door.
  5. Roof Replacement: Installing a new roof ensures your home is well-protected from the elements and can make a striking impression on potential buyers. A roof replacement can offer a strong ROI, as buyers are often willing to pay a premium for a home with a new, reliable roof.
In conclusion, these five home improvement projects can offer substantial ROI and make your home more attractive to potential buyers. By investing in updates that improve energy efficiency, curb appeal, and durability, you can create a comfortable living space that retains its value over time.
Your friend in real estate,
Cherish
IS IT BETTER TO LIST IN THE SPRING?
Monday September 2, 2024
Ask Cherish: Is It Better to List in the Spring? Uncovering the Benefits of Winter Listings
Spring has traditionally been considered the prime time for selling a home, but what many people don't realize is that winter can also be an advantageous season to list your property. Today, we'll explore some compelling reasons why you might want to consider putting your home on the market during the winter months.
  1. Less competition: One of the most significant benefits of listing in the winter is that there are generally fewer homes on the market. With fewer choices available to buyers, your home is more likely to stand out and receive serious attention, potentially leading to a quicker sale.
  2. Motivated buyers: People who are house hunting during the winter months are often highly motivated to make a purchase, whether it's due to a job relocation, a growing family, or other pressing circumstances. These buyers are typically serious about finding a new home and are more likely to make a strong offer.
  3. Showcase your home's cozy appeal: Winter is an excellent time to highlight the warmth and coziness of your home. By staging your property with warm blankets, soft lighting, and other inviting touches, you can create an inviting atmosphere that resonates with potential buyers.
  4. Professional real estate agents have more time: Since winter is typically a slower season for real estate, agents will have more time to dedicate to marketing your property and providing exceptional service. You can expect personalized attention and a proactive approach to selling your home.
  5. Year-end financial benefits: Buyers may be motivated to purchase a home before the end of the year to take advantage of potential tax benefits or to start fresh in the new year. Additionally, corporate relocation packages may have year-end deadlines, further motivating winter buyers.
In conclusion, while spring is traditionally seen as the ideal time to sell a home, the winter season comes with its own set of advantages. By capitalizing on a less competitive market, catering to motivated buyers, and showcasing your home's cozy appeal, you could find that listing in the winter is the perfect strategy for a successful sale.
Happy house selling!
Your friend in real estate,
Cherish Green
5 Tips for Increasing Your Home's Curb Appeal
Monday August 26, 2024

Hello, dear readers! Welcome to our "Ask Cherish" series, "5 Tips for Increasing Your Home's Curb Appeal." 

  1. Landscaping Magic
A well-maintained landscape is one of the most important aspects of curb appeal. Keep your lawn mowed and edged, trim bushes and trees, and incorporate colorful plants that thrive in your region. Consider using low-maintenance and drought-tolerant plants like succulents or native wildflowers. Adding mulch to flower beds can also provide a polished appearance while helping to retain moisture in the soil.
  1. Front Door Makeover
Your front door is a focal point of your home's exterior, so it's essential to make it shine. A fresh coat of paint in a bold or contrasting color can make a statement, while new hardware can add a touch of elegance. Don't forget a stylish doormat and a potted plant or two to create a warm, inviting entrance.
  1. Outdoor Lighting Upgrade
Proper outdoor lighting not only enhances your home's appearance but also ensures the safety of residents and visitors. Replace burnt-out bulbs, clean glass fixtures, and consider energy-efficient LED options for a brighter, eco-friendly alternative. Adding solar-powered accent lights along pathways can also create a warm, welcoming atmosphere in the evenings.
  1. Power of Exterior Cleanliness
A clean home exterior gives the impression of a well-maintained property and can make your home look newer. Power wash siding, clean windows, and ensure gutters are free of debris. Don't forget to address any chipped paint or damaged siding, as these small fixes can make a significant difference in your home's appearance.
  1. Outdoor Furniture and Accessories
Create an inviting outdoor seating area using weather-resistant furniture, colorful cushions, and accessories like outdoor rugs or throw pillows. This cozy, welcoming space will encourage relaxation and create a homey atmosphere. Consider adding a decorative wreath or seasonal decorations to your front door for an extra touch of charm.
If you ever want me to come by and make some exterior suggestions to your exterior, contact me anytime.
Your friend in real estate.
Cherish

Current Market Report Gainesville, VA

Monday August 19, 2024

Welcome to this week's edition of "Ask Cherish," where I share insights and updates on the local real estate market. While I didn't receive a specific question this week, I wanted to take the opportunity to discuss some current trends and statistics that are shaping Gainesville's real estate landscape.
🏡 Attention Buyers and Sellers!
Gainesville's real estate market is experiencing a low inventory of homes, with only 0.77 months of supply. This is a decrease of 39.37% over the last 12 months, which means homes are selling quickly, and competition is high. Buyers, be prepared to act fast, and sellers, take advantage of this opportunity to list your home!
💰 Top Dollar for Sellers
The list-to-sold price percentage in Gainesville is currently 101.5%, indicating that sellers are getting top dollar for their properties. With a median sold price of $712,576, now is a great time to capitalize on this seller's market.
⏰ Fast-Paced Transactions
Homes in Gainesville are spending a median of just 5 days on the market, signaling that properties are being snapped up quickly. For buyers, this means being prepared to make an offer promptly, while sellers can enjoy a quick turnaround on their home sale.
📊 Market Insights and Guidance
Staying informed about the current real estate market is crucial for both buyers and sellers. Whether you're looking to purchase your dream home or sell your property, understanding local trends and statistics can help you make informed decisions. If you'd like personalized insights and guidance, please don't hesitate to reach out to me.
In conclusion, Gainesville's real estate market is thriving, and opportunities abound for both buyers and sellers. If you're considering making a move, now is the time to take action. As always, I'm here to provide expert advice and assistance throughout your real estate journey.
Your friend in real estate Cherish Green
"What do appraisers typically note on appraisals for repairs?"
Monday August 12, 2024

Hello, dear readers! Welcome to our "Ask Cherish" series, "What do appraisers typically note on appraisals for repairs?"

Answer: Appraisers are responsible for providing an unbiased assessment of a property's value for the lender. During an appraisal, they look for various issues that could impact the property's value or livability. Some common items that appraisers may note for repairs include:
  1. Peeling or chipped paint, which could indicate a lack of proper maintenance or potential lead-based paint hazards, especially in older homes.
  2. Signs of leaks, such as water stains, mold, or mildew, as these can lead to more significant problems and may need to be addressed before the sale is finalized.
  3. Any areas where water could potentially enter the property and cause damage, like damaged roofing or poor drainage around the foundation.
  4. Evidence of wood-destroying insects, like termites or carpenter ants, which can be a red flag for potential structural damage and may require professional treatment and repairs.
  5. Rotted wood, as it can weaken the structure of a home and should be addressed to maintain the property's integrity and safety.
Additional items that appraisers may note for repair include:
  1. Electrical issues, such as exposed wiring, outdated electrical panels, or insufficient electrical service to the property, which may need to be addressed by a licensed electrician.
  2. Plumbing concerns, like outdated or leaking pipes, inadequate water pressure, or non-functioning fixtures, could require attention.
  3. HVAC system problems, like a malfunctioning or aging heating, ventilation, and air conditioning (HVAC) system, may necessitate a professional inspection and potential repairs.
  4. Structural problems, including foundation cracks or damage, sagging floors, or damaged support beams, could require repair to ensure the property's safety and stability.
  5. Safety hazards, such as staircases without proper handrails, broken windows, or trip hazards, should be addressed to maintain a safe living environment.
  6. Building code violations may need to be resolved before the sale can be finalized.
It's essential to remember that each property is unique, and appraisers will evaluate various factors when determining if repairs are needed. Their primary goal is to ensure that the home is a sound investment for the lender and a safe, livable environment for the buyers. In some cases, addressing these issues may be conditional for the sale to proceed, so it's crucial to work closely with your real estate agent and lender throughout the appraisal process.
Your friend in real estate Cherish Green
"What to Look for When Reviewing Your HOA/Condo Resale Documents"
Monday August 5, 2024
Dear Ask Cherish Readers,
This week, we're discussing what purchasers should pay attention to when reviewing their HOA/Condo resale documents. As always, I'm here to help guide you through this essential part of the home-buying process.
When reviewing your resale documents, it's crucial to examine specific details that may affect your purchase and future responsibilities as a homeowner. Here are some key points to consider:
Architectural Review Findings
Examine any architectural review findings on the property. These findings may be considered liens on the home, and if they are not addressed during the purchase process, the community may hold you responsible as the new homeowner. If the property doesn't meet community standards, you could face fines or additional costs for reinspection. In this case, the "buyer beware" principle applies.
Special Assessments and HOA Fees
Be aware of any special assessments or increases in monthly HOA fees that the community might charge to new homeowners. Special assessments can sometimes be costly, and higher HOA fees can impact your monthly expenses. Factor these potential costs into your budget.
Legal Disputes
Investigate if the HOA is involved in any legal disputes. If the HOA loses a litigation case, the future homeowner might bear the additional costs. Be cautious of potential financial liabilities.
Financial Health of the HOA
Review the financial statements in the resale package to understand the HOA's financial health. Check for adequate reserve funds, proper budgeting, and outstanding debts or loans. A financially stable HOA is vital for maintaining the community's amenities, services, and overall value.
Insurance Coverage
Verify the HOA's insurance coverage for common areas and amenities. Ensure the policy is up-to-date and offers adequate protection against potential liabilities. Understand which aspects of the property are covered by the HOA's insurance and which areas you'll need to insure separately.
Rules and Regulations
Thoroughly review the HOA's rules and regulations to ensure they align with your lifestyle and preferences. Pay attention to pet policies, parking restrictions, noise limitations, rental policies, and other regulations that might impact your daily life.
Meeting Minutes
Read the HOA's meeting minutes to learn how the board operates, resolves conflicts, and addresses ongoing issues or planned improvements in the community. This information can help you assess the management quality and determine if the community is well-maintained and organized.
Potential Risks and Liabilities
Assess potential risks and liabilities associated with the property, such as pending lawsuits, construction defects, environmental hazards, or other issues that could impact your investment. Be comfortable with any potential risks before moving forward with the purchase.
By thoroughly reviewing your HOA/Condo resale documents, you'll be better prepared to make informed decisions and avoid unexpected surprises after purchasing your new home.
Happy house hunting!
Your friend in real estate,
Cherish
Navigating Solar Panel Considerations When Buying a Home: Expert Tips from a Real Estate Agent
Monday July 29, 2024
Hello, dear readers! Welcome to our "Ask Cherish" series, where I answer your real estate-related questions based on my experience as an agent. Today, we'll be addressing the question, "When buying a home with solar panels, what should I look out for?"
Solar panels are a popular choice for homeowners seeking to reduce their carbon footprint and energy costs. However, when considering a home with existing solar panels, there are several potential pitfalls and important questions to address to ensure a smooth transaction and future satisfaction with the solar system.
Potential Pitfalls:
  1. Roof Condition and Repair Costs: Poor roof condition may require removing and reinstalling the solar panels for repairs, leading to additional costs and delays.
  2. Leased vs. Owned Panels: Leased panels require lease transfer, complicating the closing process and adding monthly payments.
  3. Weather Dependency: Solar panel efficiency is affected by weather conditions (e.g., cloudy or rainy days), reducing energy production.
  4. Maintenance and Repairs: Solar panels need occasional maintenance, such as cleaning and inspections.
Important Considerations for Home Buyers:
  1. Ownership and Financing: If there's an outstanding loan on the panels, the seller must pay it off or the buyer must take over, which may not be allowed by the lender.
  2. Installation and Maintenance: Who installed the solar panels, and are they still in business? Is there a warranty on the panels and inverters, and can it be transferred to the new owner?
  3. System Age and Efficiency: Older panels may be less efficient and closer to the end of their useful life (typically 20-30 years).
  4. System Performance: Can you provide data on the system's energy production and average savings on utility bills?
  5. Roof and Property Considerations: How old is the roof, and what is its condition? Are there any trees or obstructions that might affect the panels' efficiency?
  6. Legal and Regulatory: Are there permits for the solar panel installation? Do they meet local building codes?
By addressing these potential pitfalls and asking the right questions, you'll be better equipped to make an informed decision when buying a home with solar panels. With proper due diligence, you can ensure that the system will meet your energy needs and financial expectations, allowing you to reap the benefits of solar power for years to come.
If you have any additional questions or concerns, feel free to contact me directly. I'm here to guide you through every step of the home buying process, ensuring you make the best choices for your unique needs and preferences.
Your friend in real estate,
Cherish Green

 

How does Coldwell Banker Elite compare to other brokers?

Monday July 22, 2024

Hello, dear readers! In our "Ask Cherish" series, I answer real estate-related questions based on my experience as an agent. Today's question is: "How does Coldwell Banker Elite compare to other brokers?" While I can't speak to how other brokerages operate, I can share the unique advantages of Coldwell Banker Elite.

When comparing real estate brokers, consider factors like experience, marketing strategies, personalized support, and professional networks. Here's how Coldwell Banker Elite excels in these areas:

  • Expertise and Experience: Our team consists of seasoned professionals with unparalleled knowledge of the local real estate market. We are well-equipped to handle challenges that may arise during the process.
  • Customized Marketing Strategy: Our full-service approach includes a tailored marketing plan for your property, featuring professional photography, virtual tours, targeted online advertising, and more. These efforts help your property stand out and attract the right buyers.
  • Personalized Attention and Support: We prioritize building strong client relationships, offering guidance and support from start to finish. From preparing your home for sale to negotiating offers, our team is dedicated to providing personalized attention and peace of mind.
  • Extensive Network: With a vast network of industry connections, we can leverage these relationships to find the right buyer for your property and ensure a smooth transaction.
  • Professional Negotiation Skills: Our agents are skilled negotiators who will work diligently to secure the best possible outcome for you. Their expertise is invaluable in navigating complex negotiations and protecting your interests.
  • While discounted services may seem appealing, consider the potential impact on the overall success of your transaction. At Coldwell Banker Elite, we are committed to providing exceptional service and value for our clients. Our full-service approach offers the greatest potential for achieving your real estate goals.
  • Don't just take my word for it - Coldwell Banker's success speaks for itself. In 2022, affiliated agents conducted 48,444 transactions for homes priced at $1 million or more, equating to $288 million in daily luxury sales with an average price of $2.2 million (Source: Coldwell Banker Global Luxury's "The Report", March 13, 2023).
  • In 2021, affiliated agents conducted 50,355 transactions of homes priced at $1 million or more, resulting in $267 million in luxury sales every day with an average sales price of $1.9 million (Source: Coldwell Banker Global Luxury's "The Report", 2021).  Homes listed with Coldwell Banker have an average sales price 20.7% higher than the National Association of REALTORS® average price (Source: Coldwell Banker, 2021).

To discuss our services further or ask questions, please feel free to reach out. We're here to help you make an informed decision and look forward to working with you to achieve a successful sale.

Your friend in real estate,

Cherish Green

Why Do I Need a REALTOR® When Buying a New Home?

Monday July 15, 2024

Hello, dear readers! In our "Ask Cherish" series, I answer real estate-related questions based on my experience as an agent. Today's question is: "Why do I need a REALTOR® when buying a new home?"  While some people choose to buy a home without representation, it is crucial to understand the benefits of having a professional REALTOR® by your side during the home buying process. Just as you wouldn't go to court without an attorney or build a deck without a contractor, navigating the complexities of real estate transactions requires the expertise of a licensed professional. Here's why:

  1. Expert guidance: REALTORS® are familiar with the local market, home values, and industry trends. They provide valuable insights, helping you make informed decisions.
  2. Legal aspects: A REALTOR® is well-versed in the legal aspects of real estate transactions, ensuring that your rights and interests are protected throughout the process.
  3. Negotiation skills: With their experience and knowledge, REALTORS® excel at negotiating on your behalf, often securing better terms and prices for you.
  4. Builder contracts: Many people are unaware of potential pitfalls in builder contracts, such as extended closing dates, price fluctuations, and the need for multiple inspections during construction. A REALTOR® will help you navigate these complexities.
  5. Financing: A REALTOR® can guide you through the intricacies of securing a mortgage, explaining loan terms, and discussing how to handle potential changes in loan locks.
  6. Personalized support: Your REALTOR® works exclusively for you, offering tailored advice and guidance based on your unique needs and preferences.
Remember, when buying a new home, the builder has representation – why shouldn't you? Hiring a professional REALTOR® ensures that you have an advocate who prioritizes your interests and helps you avoid costly mistakes. In the end, having expert assistance leads to a smoother, more successful home buying experience.
Your friend in real estate,
Cherish Green
What are the benefits to property management?
Monday July 8, 2024
Hello, and welcome to my "Ask Cherish" blog! Today, we’ll discuss the benefits of property management, helping you understand why it's an invaluable resource for rental property owners. Property management is designed to alleviate the stress of owning an investment property while maximizing its potential. Let's dive into the key advantages:
  1. Tenant Selection and Retention: With access to extensive marketing and rigorous screening processes, property management helps you find the most suitable tenants. This ensures a stable rental income and reduces the likelihood of vacancies.
  2. Lease Management: Your property manager handles all aspects of lease agreements, rent collection, and renewal monitoring, providing a seamless experience for both you and your tenants.
  3. Property Maintenance and Inspections: Regular property inspections are conducted to ensure your property remains in excellent condition. Property managers also coordinate maintenance, service calls, and repairs, including 24-hour emergency assistance.
  4. Financial Reporting: Transparent financial reporting keeps you informed about your investment's performance with monthly statements, annual reports, and tax documentation.
  5. Market Analysis: Property management companies monitor local market trends to ensure your rental rates remain competitive, attracting high-quality tenants.
  6. Professional Advertising: Your property is showcased in the best light through expert advertising, highlighting its unique features to potential renters.
  7. HOA and Mortgage Management: Property managers handle communication with homeowners' associations and ensure your mortgage and HOA dues are paid on time.
  8. Peace of Mind: Ultimately, property management provides the invaluable benefit of peace of mind. Knowing your investment is in capable hands allows you to focus on other priorities without worrying about the day-to-day demands of property ownership.
Our property management services have a proven track record of exceeding client expectations. With our comprehensive approach, you can trust that your investment property is well-cared for and consistently generates income.
Thank you for reading, and remember, if you have any further questions about property management or other real estate-related topics, don't hesitate to ask me in the comments below or reach out directly!
Your friend in real estate,
Cherish Green

Coldwell Banker - Elite

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