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5 Hot Design Trends in New Homes

by Home Trends

Creativity and cost-savings are the main themes driving new-home design trends today, according to the National Association of Home Builders.

Here are some of the latest new-home design trends, according to NAHB:

1. “Pocket offices.” More space is being added to popular family gathering places like the kitchen and family room. As such, space devoted to formal home offices and dens are falling to the wayside. Instead of a formal home office, more new homes are incorporating a small space devoted to home management, known as “pocket offices.” These pocket offices may be anywhere, even included in a large pantry. They also might be tucked away near the kitchen or family great room. Most people today are mobile with their electronics and home office items anyway so they might not need as big of space to spread out and a “pocket office” may suffice.

2. Tucked away relax spots. Window seats and alcoves are increasing in new homes because they don’t take up much space but can still provide some private time.

3. Master laundry rooms. Laundry rooms are being added onto the master bedroom’s walk-in closet for added convenience.

4. “Shadow” units. As more families live together under one roof, “shadow” units are increasing in popularity in new single-family homes. These units may be built alongside a home and operate as a separate living unit accessed through a door from the home’s main floorplan. Shadow units may also include homes that come with at least two master suites, such as one located on the ground floor and one upstairs.

5. Rectangular home designs. Rectangular home designs are increasing in popularity because they are more cost-effective to build. The trend was once grand, multiple roof lines. But to make rectangular designs appealing, these homes may have two windows in a corner with mitered glass to allow unobstructed views and light to flow in, according to NAHB. Or these homes might mix exterior materials, such as with metal, wood, and stone to give the home a more modern look.

 

To Get a Mortgage, Start With the Perfect Loan File

by Pacific Union


 

 
Pile of file folders

It's the paperwork that kills you...

Getting a mortgage approval isn’t what’s tough for most consumers. Rather, it’s the challenge of meeting the new documentation requirements that sends most people screaming for the hills.

So says Mark Greene in Forbes. Greene argues that most lenders aren’t looking to underwrite the perfect loan (e.g., one that pays back the lender on time). Instead, they are looking for the perfect loan file.

Greene explains that mortgage lenders have suffered staggering losses — and many have gone out of business — due to the recent wave of substandard, poorly underwritten loans that required them to buy back those bad loans.

The surviving lenders are determined not to go through that hell again; as a result, they’ve created much more stringent underwriting guidelines and procedures.

Translation, says Greene? Be prepared to “scan, photocopy, fax, and deliver every aspect of your financial life.”

Every nook and cranny of your financial life has to be corroborated, double- and triple-checked, and reviewed again before closing. This way, if the originating lender has created a loan file that is exactly consistent with published underwriting guidelines and has documented while adhering to those guidelines, the chances are that your loan will not be subject to repurchase.

For more on what borrowers need to do to prepare, read Greene’s full article: The Perfect Loan File.

And for a personalized consultation or help with securing a mortgage, give Pacific Union’s partner, Mortgage Services Professionals, a call at 415-345-3006.

Photo credit

 

Pacific Union Agents Rank 5th Nationwide in Productivity

by Pacific Union

It’s official: Pacific Union International’s sales professionals are among the most productive in the United States.

 

The results are in from the annual Real Trends 500 survey, which ranks the 500 largest residential real estate brokerage firms in the U.S. Pacific Union International ranked fifth nationwide in closed sales volume for its real estate professionals — and the per-associate number was an impressive $6,372,309.

Chart of the most-productive brokerages in the U.S.

In addition, we climbed five spots from last year’s list to rank at 24 in closed sales volume overall for 2011.

Congratulations to our real estate professionals and the entire Pacific Union team for an outstanding 2011! We’re looking forward to an equally, if not more, impressive 2012

Displaying blog entries 1-3 of 3

Contact Information

Photo of Ken J. Gendemann Real Estate
Ken J. Gendemann
Pacific Union International
1699 Van Ness Avenue
San Francisco CA 94109
Cell: (415) 828-4063

Ken J. Gendemann, CPA
Pacific Union & Christie's International Real Estate
1699 Van Ness Avenue, San Francisco, CA 94109

Cell: 415-828-4063, Office: 415-345-3083
 License #: 01884446