Gunning Real Estate Team
Gunning Real Estate Team
1110 North Broad Street  Lansdale, PA 19446
Phone: 267-236-5416| Office Phone: 215-362-2260
| Fax: 267-354-6837
Cell: 267-236-5416
RE/MAX 440

Gunning Daily News

Word of the Day

January 2, 2014 5:03 pm

Right of survivorship. A feature of joint tenancy giving the surviving joint tenants the rights, title and interests of the deceased joint tenant. Right of survivorship is the basic difference between buying property as joint tenants and as tenants in common.

Q: How Does an Unsecured Loan Work?

January 2, 2014 5:03 pm

A: The interest rates on these loans are often higher than on secured loans and you generally will not be able to get a tax deduction for the interest paid. However, the costs to obtain an unsecured loan are usually lower. And the relative ease of getting this type of loan makes it popular for small projects costing $10,000 or less. The lender evaluates applications based on credit history and income. 

5 Tips for Improving Financial Fitness in 2014

December 30, 2013 3:15 pm

New Year’s resolutions are nothing new, and, according to the credit reporting firm Transunion, nearly 40 percent of Americans say they will make at least one big financial change in their life next year.

More than 32 percent say they will save more money, while 28 percent vow to pay down debt, and 27 percent saying they will eliminate unnecessary expenses.

No matter where you fit in the spectrum, the money mavens at Transunion suggest five steps you can start with to set you on the right path to financial fitness:

  1. Check your credit – Start by knowing where you stand. Check for any evidence of bad financial habits such as late, missed and minimum credit card payments. Knowing where problems lie is the first step toward fixing them.
  2. Dispute false credit data. Wrong information on a credit report can be the start of significant credit and financial problems for years to come. Protect your credit health by disputing any items on your credit report that are incorrect or that you do not recognize and getting those items removed.
  3. Address credit rating deficiencies – Once you know your credit score, take the necessary steps to raise your score. Pay down debt, hike those minimum card payments, and keep a lid on spending.
  4. Don't overspend – It seems like a simple concept, but vow to stop spending too much money on services and stuff you don't really need. Create a monthly spending plan (b-u-d-g-e-t!) and set limits on how you spend your disposable income.
  5. Watch out for identity theft. Recent news that millions of Target shoppers were victims of a security breach should resonate with every consumer. Keep ID thieves at bay by using a reputable credit monitoring service and tracking your credit card and bank statements regularly to make sure you're not exposed to a data breach. 

How Well Do You Know the Flu?

December 30, 2013 3:15 pm

(BPT)—About half of US adults incorrectly believe that antibiotics or flu vaccines will treat the flu, according to a new survey from the National Foundation for Infectious Diseases (NFID). The good news is that two-thirds of those surveyed know that people should be vaccinated against the flu each year.

"It is reassuring that individuals recognize the importance of receiving an annual vaccination but that's not enough," says Dr. Susan J. Rehm, NFID medical director. "To help keep influenza out of homes, schools, and workplaces, everyone six months and older should get vaccinated and contact their doctor when experiencing flu symptoms. Remember Flu F.A.C.T.S.: Fever, Aches, Chills, Tiredness, and Sudden onset, to help determine if your symptoms are flu related."

According to the CDC, the most important step in protecting against the flu is getting an annual flu vaccine. Also, when viruses are circulating, everyday preventative actions (like washing your hands and covering your cough) can stop the spread of viruses. Once you are infected with the flu virus, vaccination and hand washing will not stop the virus from replicating. Antibiotics won't help either, as they fight against bacterial infections. If you get the flu, a doctor can prescribe medicines to help treat the flu.

Flu spreads quickly and easily from one person to the next. Anyone can become sick and experience serious complications. Watch "Freddie the Flu Detective" identify flu symptoms in a new public service announcement from NFID.

Protect yourself this flu season, get vaccinated. To help your children learn flu-fighting habits, download a free "Freddie the Flu Fighter" coloring book at or

Word of the Day

December 30, 2013 3:15 pm

Homeowner’s insurance policy. Packaged insurance policy for homeowners and tenants that cover property damage and public liability, such as fire, theft, and personal liability.

Q: Are Home Selling Costs Deductible?

December 30, 2013 3:15 pm

A: If you sell your home and realize a taxable gain even after the exclusion, you can reduce your gain with selling costs.

Your gain is defined as your home’s selling price, minus deductible closing costs, minus your basis. The basis is the original purchase price of the home, plus improvements, less any depreciation.

Real estate broker’s commissions, title insurance, legal fees, administrative costs, and inspection fees are all considered to be selling costs.

Top 2014 Home Improvement Trends: Smart Homes and Home Automation

December 27, 2013 4:36 pm

(BPT) - From smartphones to smart cars, technology is transforming virtually every aspect of our busy lives. Technologies not only make life easier while on the go, but new options are quickly simplifying life at home as well. Home automation is proving to be a top home improvement trend, making the Jetsons' futuristic lifestyle more realistic than ever before.

Some experts are predicting 2014 will be the year of the smart home, but what does that mean to the average homeowner? The term smart home refers to a house with technology and automated features for things like heating, lighting and electronic devices. Automation is becoming the new norm in three main areas of the home.

1. Energy management and environmental impact

A home's heating, cooling and electrical systems can be enhanced through home automation technologies. Boosting comfort levels, these technologies make it easier than ever to monitor energy and water usage, helping to reduce a family's environmental footprint as well as their energy bill.

Imagine turning your lights on remotely or adjusting the heat so your home is toasty warm by the time you return from work. Home management systems let you access and adjust comfort controls from your smartphone, tablet or computer. Monitor and control lights or the thermostat from anywhere with Internet access, making it easy to save energy while away. You can even add water leak detectors to plumbing spaces within the home and receive an alert if the sensor comes in contact with water, helping you to react faster to reduce property damage and water waste.

2. Streamlining the kitchen and cooking processes

The kitchen is the heart of the home, so it's no surprise that this area is getting a makeover thanks to technology enhancements. From basic motion-sensing faucets that eliminate the need for touching them with messy hands when cooking to appliances that think for you, the kitchen is a key component of a smart home.

For example, today's dishwashers clean faster and more efficiently than ever, thanks to technology that assesses soil levels and adjusts cleaning intensities. Ovens now come with sensors that evenly heat dishes, eliminating the need to rotate pans or use baking stones. Refrigerators even come with options that allow you to rapidly cool or freeze foods when they need to be brought down to a lower temperature quickly for food safety purposes.

3. Safety and security of a property

Security systems have never been more interactive, and new options are surprisingly affordable for homeowners looking to take the first step toward upgrading to a smart home.

The Iris Safe and Secure Kit is an inexpensive option that includes motion sensors, a keypad, and door, window and cabinet sensors. A novice DIYer can install the entire system in about an hour.

How does this system help your home to think smarter and be more secure? After installation, you will receive an email, text or call when an alarm sounds at home, allowing you to check in or alert authorities. Working parents find comfort in getting an alert when children arrive home from school or a package is delivered to the home. -You can even opt to have alerts contain video of the designated alarm event, such as a door or cabinet opening. The basic monitoring service is free, making this smart home security system fitting for virtually any budget.

As home automation looks to take off in 2014, it's time to take control, manage your home and simplify your life. From saving money to conserving resources to keeping loved ones safe, a smart home is quickly becoming the home of the future.

Easy-to-Update Items to Make Your New Home Yours

December 27, 2013 4:36 pm

(BPT) - This year more than 5.4 million homes were sold by the end of August, according to the National Association of REALTORS®. Are you one of these millions of new homeowners? If so, you've most likely felt the urge to settle in immediately. However, before making any major renovations, it's a good idea to live in a new home a while to see how the space is meeting your needs. Here are a few swift swaps that will have a big impact in making that new house feel like home sweet home.

Personalize with paint

It may be the most obvious update but painting is an easy solution to change the look of a room in an instant. Whether you paint an entire room, create a bold accent wall or incorporate glossy white trim, paint is an affordable fix for any home.

Fabulous frames

When moving into a new space, the things you love should take center stage. Once your home reflects who you are, the rest will slowly fall into place. Photo frames are the ideal choice to add a decorative and personalized touch to any room. Bring this common decor pick into the modern age by creating a personal gallery and displaying frames of varying shapes and sizes. To do this, plan the layout of the frames before hanging, either with paper on the wall or by arranging them on the floor. Or, you can simply purchase pre-arranged frame galleries at home decor retailers.

Faucet focus

Kitchen and bath makeovers tend to have the biggest impact on a home and its resale value. However, new homeowners who are strapped for cash may not have a large budget for a full-scale bathroom remodel. Fortunately, there are several basic swaps that can quickly change the look and feel of a bath.

The easiest way to remodel your bathroom is to replace its hardest-working fixture - the faucet. This is a project new homeowners can tackle themselves at a reasonable price.

Energy-saving essentials

Wasting energy means wasting money. When you go from a renter to a homeowner, it's important to recognize and fix energy-draining areas before bills pile up. Caulking around windows and spaces between the floor and baseboards in attics and sun rooms will help prevent drafts. Consider purchasing a draft stopper for the bottoms of doors so wind or heat doesn't slip through. Additionally, service your furnace annually, so it produces more heat while using less energy.

Let there be light

Lighting is a great way to add warmth to a sparse space. If you're looking to create an intimate atmosphere, place several table lamps throughout the room. You can also amp up energy savings by switching to LED bulbs - these bulbs don't cause heat buildup and last up to 10 times as long as compact fluorescents and 20 times longer than incandescent bulbs.

It's very easy for decorating to become overwhelming for new homeowners. By starting with these few swift home decor swaps, your new home will be a comfortable and welcoming environment in no time.

5 Ways to Fight Retail Return Fraud

December 27, 2013 4:36 pm

In order to combat a wave of phony returns that come after the holidays, big toy and electronics retailers are shortening their return periods this year, reports NBC's "Today."

Don't be caught snoozing after Christmas. Here are five ways your business can combat retail return fraud:

1. The 'Big Black Tag.'

Every year, consumers will purchase clothing for loved ones which they will wear once ... and then return. This practice is called "wardrobing," and it's an issue for clothing retailers year-round.

Department store mainstay Bloomingdale's has come up with a way to lay waste to wardrobers: require a giant ugly tag for any returns that will prevent anyone from wearing the garment in public.

2. Tighten Return Periods.

Consumers may be mindful to check each store's return policies, so it might behoove your business to update them. According to a survey, Best Buy, Sears, and Toys R Us will be slimming their holiday return periods to reduce return hassle, reports "Today." In some cases, the deadline for returns may be as soon as January 9.

3. Maybe No Returns?

Assuming that your business has its return policy posted in its brick-and-mortar locations and online, there is no legal obligation to offer returns for any non-defective items outside of your store's policy.

Retail fraudsters may try to take advantage of more lenient policies in order to get cash or credit for unpurchased or out-of-store items, but you can easily close off this liability by offering no returns.

4. No In-Store Returns for Online Purchases.

Business owners might take a page out of Sports Authority's book and state that "online purchases cannot be returned to our stores." Requiring returns directly to the dot-com side of your store may deter would-be fraudsters who rely on the confusion of the in-store return rush to bamboozle store employees.

5. Do Not Offer Cash for Returns.

Offering cash for returns is an invitation for massive return fraud. Retailers are not at all required to offer cash for returns -- even for defective items -- and store credit will serve most honest consumers just as well.

If you're worried that your policy is skirting the law, contact an experienced business law attorney near you.

Source: FindLaw

Word of the Day

December 27, 2013 4:36 pm

Lease-purchase option. Opportunity to purchase a piece of property by renting for a specified period, with the provision that the lessee may choose to buy after or during the leasing period at a predetermined sale price.