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The First 6 Things To Do When Moving Into A New Home

As a homeowner, you are charged with with safety and security of your home, the payment of your bills, along with the payment of your bills, cleanliness, tidiness, among other things. Running a house is similar to running a business. Take all the responsibilities seriously and you will be successful and happy in your home

1. Replace Every Lock In Your Home

Safety first! Change your locks. More than likely, there are other people in your area that have keys to your house, the Realtor, dog walker, possibly a painter or contractor. Regardless of you being able to change the locks yourself, it is imperative to hire a locksmith.

 

2. Install A Home Security System

Home security is extremely important because break-ins can happen anywhere, anytime. Security systems are a deterent to robbers and home invasions. They keep safe the 3 "Ps," people, pets, possessions.

These systems incorporate all of the following:

  • Doorbells with tiny embedded cameras
  • Phone APPS for remote home security management
  • Carbon Monoxide Sensors
  • Freezing water pipes  
  • Most new systems are now wireless. This means they can be installed, tested and working in less than 30 minutes without the help of a professional. You don't even need a landline. Today's systems operate using self-contained cellular networks.

     

    3. Inspect Your Heating System, A/C Unit and Water Heater

    As soon as you move into your new home have an HVAC certified company check your mechanicals, Heating, Ventilation, and Air Conditioning. If your technician recommends maintenance, have it done. In the long run, it will be much cheaper than replacing them. Be sure to buy an annual contract.

     

    4. Shop For A Car Insurance Discount

    Consider that:

    • You are living in a new home
    • You are parking your car in a new area
    • You are older than the last time you applied for auto insurance
    • Your commute and usage of your car has changed

    Each of these factors affect your car insurance rates. Now that you have moved you may be paying too much.

     

    5. Submit A Change Of Address To USPS

    The United States Postal Service makes this very easy to accomplish. Visit their site and specify the date when mail should begin forwarding to your new address. There is a simple form to fill out.

     

    6. Establish Auto-Pay For Your Mortgage

    As a home owner you can opt to pay your mortgage in 2 ways: either write a check and mail it or auto-pay from your bank. When you auto-pay your mortgage, you help to protect your credit score. Remember, Auto-Pay is never late

     

    Mortgage News Daily

    • Permit to Completion - Builder Timeline Depends on Where and Why

      Posted To: MND NewsWire

      Despite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016. The time did increase compared to 2015 by about two weeks. Using data from the Census Bureau's Survey of Construction (SOC), the National Association of Home Builders (NAHB) concludes that the average time to build a single-family house was 7.5 months. The actual building time was about 6.5 months following a typical delay of around 30 days after the permit was authorized. Data from the 2015 survey showed the time from permit to completion at 7 months. The range however is wide, from less than a month to more than 6 years. Much depends on who is building the house, for what purpose, and where. , writing in NAHB's Eye on Housing Blog, says that houses built...(read more)

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    • MBS RECAP: Bonds Gain Despite Data Surprise and Stock Rally

      Posted To: MBS Commentary

      Before any discussion about market movement in July, we have to set the stage with some disclaimer about "slow summertime trading." That was the subject of this morning's commentary ( read it here , if you like). With that out of the way, we're equipped to pay the appropriate amount of attention to today's seemingly interesting events. First up, we had a reasonably strong move in European bonds overnight help set a mildly positive tone for the start of domestic trading. The biggest volume spike of the early morning came at 8:30am in response to the Import Price data, which came in much lower than expected. Bond yields/prices, themselves, only moved a bit, however--a fact that likely reflects the nearness of yields to the lower end of their prevailing range. The other notable...(read more)

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    • Lowest Rates Since May, But There's a Catch

      Posted To: Mortgage Rate Watch

      Mortgage rates fell by an observable amount today-- one of the few times they've done so in recent weeks. Technically, today's average lender is offering the best we've seen since May 31st. That sounds pretty great, right?! Unfortunately, there's a fairly big catch. While today's rates are indeed the best in a month and a half, the range during that time has been so excruciatingly narrow that most prospective mortgage borrowers will find the distinction fairly meaningless. In almost all cases, the actual NOTE rate at the top of your loan quote will be the same as it has been for weeks. The only change in lenders' rate sheets is in the upfront cost associated with that rate. In other words, if you'd seen a quote of 4.75% with 0 points yesterday, today's quote would be more like 4.75% with a...(read more)

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    • MBS Day Ahead: Get Used to Coconuts, Probably

      Posted To: MBS Commentary

      I know I made a Looney Tunes reference last week, but another one is in order. For those that aren't familiar, Yosemite Sam is stranded on a desert island and sits down to a smorgasbord of coconuts, prepared in various ways: "tossed coconut salad, fresh coconut milk, New England boiled coconut," he says, feigning excitement just before breaking down and proclaiming "oooh I hate coconuts!!!!" Yosemite Sam's coconut menu plan is akin to trying to find a way to make something new and interesting out of summertime bond market movement. The fact is that at some point in June or July, almost every year, bonds end up either pausing or reversing, and volumes generally begin declining in July, finally bottoming out in September, almost like clockwork. In the chart above,...(read more)

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    • Construction, Warehouse Products; Free LO Comp Webinar; Shifting UW Criteria

      Posted To: Pipeline Press

      Events and Training Don't miss out on the Lenders One 2018 Summer Conference in Salt Lake City, Utah, August 5-8, at The Grand America. In an age of disruption, it's never been more important to learn from peers and industry leaders. Keynote speakers Alison Levine and David Robertson will share ways to get ahead in a tough market, and attendees will be able to select from 16 curated education sessions led by industry experts. Topics include: improving margins, generating business through MarTech, rethinking your compliance strategy and five Secondary Market panels. Touted as the most valuable part of conference, Lenders One has expanded networking opportunities for members to connect with peers and explore best practices. Reserve your spot by this Friday, July 13, or contact Lauren Ketchum...(read more)

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    • Mortgage Rates Still Can't Find Inspiration

      Posted To: Mortgage Rate Watch

      Mortgage rates stood a very decent chance to experience the highest volatility of the week today thanks to the most important economic data of the week being released this morning. The Consumer Price Index (CPI) is the most widely-followed inflation metric in the U.S. and inflation is a big deal for the bonds that underlie rates (including mortgages). On numerous occasions over the past 2 years, we've witnessed clear connections between variations in CPI data and subsequent volatility in rates. But not today... The biggest issue today was that CPI ended up being pretty boring. In other words, the actual numbers were very close to the forecast. Bonds (and thus, interest rates) didn't have much of a reaction. Even then, we may well wonder how big of a reaction we would have seen if the data was...(read more)

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    • MBS RECAP: Bonds Hold Steady Despite Big Ticket Events

      Posted To: MBS Commentary

      Welcome to summertime in the bond market, where each day is narrower than the last! The same can be said for the past 2 weeks and the past several months, for that matter. By a wide margin, the 3-day trading range surrounding the apex of the Italian political drama easily contains every minute of trading since then. To put that in perspective, that 3-day range was 2.78-3.01% in 10yr yields. Today's range was 2.84-2.87%. The only interesting thing that can be said for bonds during that time is that they've generally moved lower in yield and generally been willing to remain near those lows. Today didn't do anything to change the summertime tone. We even had the week's most anticipated economic data (at least for the bond market) in the form of CPI. Unfortunately for those hoping...(read more)

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    • Inflation Data Shows Deceleration in Housing Costs

      Posted To: MND NewsWire

      While the Labor Department's Employment Situation Report for June showed wages plodding along at a 2.7 percent annual increase, unchanged from May, it is still being outstripped by rising costs, especially for housing. Today's Consumer Price Index (CPI) report shows consumer costs overall were up 2.9 percent with the shelter portion rising 3.4 percent over the last 12 months. Shelter is one of the categories in the CPI's "market basket," the goods and services that the Bureau of Labor Statistics (BLS) considers necessary for day-to-day living. The CPI does not include housing units which it views as capital or investment rather than consumption items. Shelter is viewed as a "service" provided by that investment and is thus a consumption item. The cost of shelter is broken down into two components...(read more)

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    • New Home Sales Need More Trees and Contractors

      Posted To: MND NewsWire

      The Mortgage Bankers Association (MBA) is projecting a decline in new home sales for June, putting them significantly behind those in June 2017. MBA's Builder Applications Survey (BAS) shows mortgage applications for the purchase of newly constructed homes were down 12 percent from May and 8.8 percent year-over-year. The survey's results are not adjusted to reflect seasonal patterns. "Applications for new home purchases fell in June, both compared to last year at this time and relative to May, which fits the seasonal pattern. So far this year, new home applications are up 2.5 percent relative to the first 6 months of 2017. Our sense is that builders remain constrained by the tight job market for construction labor and rising input costs, particularly lumber costs ," said Mike Fratantoni, MBA...(read more)

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    • Full Radio Interview With Fed Chair Powell

      Posted To: MBS Commentary

      In a fairly rare turn of events, Fed Chair Powell gave a rather lengthy radio interview with Marketplace's Kai Ryssdal. Here's a rather lengthy transcript. Note: This is far from "required reading" given that there's been essentially no market reaction, but it is nonetheless useful insight for those who like to dissect every communication from the Fed Chair (not a bad habit for anyone who cares about big picture market themes. Dissecting all of Bernanke's communications helped us get ahead of what was happening during the taper tantrum, for instance). Here's the interview: Kai Ryssdal : So this is a weird way to start this interview. But the thing is that Fed chairmen don't do a whole lot of interviews. And this is, I think your first broadcast interview, right...(read more)

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    Bonnie Koff  |  Licensed Associate Real Estate Broker  |  William Raveis Legends Realty Group  | Tarrytown Office 
    914-332-6300  |  37 Main Street, Tarrytown, New York 10591  |  Email