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Homeowner Advice

We encourage you to use the Homeowner's Advice blog to educate you on the benefits and challenges of home ownership. If you have any questions, please contact me directly!

Be Ready for the Spring Selling Season

March 26, 2018 by

Spring is an optimum time for home sales as the largest number of buyers start their search. Take advantage of this busiest sales season by sprucing up your home inside and out. Strong curb appeal is extremely important for making the best first impression and you want potential buyers to be delighted when they step inside your front door.

Wash away all signs of winter grime around your property. Scrub ice melt, sand and salt off the driveway and sidewalks. Rent a power washer if necessary. Clean away leaves, sticks and debris and freshen flowerbeds with new mulch. Trim hedges and overhanging branches. Flowers add so much charm, so check out the kinds of plants that will thrive in cool early spring days. Some good choices might include pansies, viola, creeping phlox, alyssum and snapdragons. If it is too early in your area to start bedding plants, put potted plants outside. You can bring them in if frost threatens and they will brighten your front steps and patio. If your lawn is ready to mow, cut it on the diagonal to make your yard appear larger.

Make the front of your house look bright and clean. It’s the first thing buyers see when they arrive for a showing. A fresh coat of paint on the front door is an excellent idea. If the door’s hardware is tarnished beyond repair, replace it. You might need to touch up the paint on exterior trim and the garage doors as well. Buy a new outside mat so everyone can wipe their feet before entering. Clean up your outside furniture and set it in place.

Do everything you can to bring the light into your home. Sell the sparkle! Wash windows inside and out. Polish all the mirrors so they reflect back the light. The heavy drapes that have kept out the winter cold need to be taken down or tied back. Rooms look brighter when the sunshine can stream in unhindered. Try sheers for a lighter look. On mild days, open the windows so the breeze can blow through.

Now that the light is in, make a serious evaluation of what it shows. Clean the carpets and decide if any should be replaced or re-stretched. Shine your tile floors and bleach dull grout. Polish wood floors and keep the dust off. Check for cobwebs in the corners and grit on air registers. Clean window blinds, window sills and all the other nooks and crannies that have gathered winter grime.

Declutter everywhere: closets, basement, cupboards and garage. Toss and donate the things you no longer need and get a head start packing away the items you will move to your new home. Minimize table top decorations and wall hangings. Your house will feel bigger when you remove unnecessary clutter and it will be ready for staging the rooms to show.

Put plenty of focus on the kitchen and bathrooms. Even if they haven’t been updated recently, a few simple fixes, such as caulking or new faucets, can give them a fresh look. Check all your doors, door frames and cabinets for nicks. Repair them with a good scratch cover or touch up the paint where necessary. Replace old, droopy shower curtains. If you make some small repairs, your home will have a polished look. It’s easy to ignore these little fixes, but the flaws may really jump out at the potential buyers.

When you’re finally ready, get your house on the market right away. It’s better to be first on the market before you have a lot of competition. All the shining, primping and decluttering you’ve done will pay off. Your potential buyers may not even know why they find your home so appealing, but they’ll have a feeling they are seeing a clean, well-cared-for residence that may be perfect for their next home.

Filed Under: Blog Tagged With: Featured, Selling

You Need a Skillful Agent

February 15, 2018 by

You may be tempted to buy or sell a home without the help of a professional real estate agent. However, you are risking time, money and aggravation without an agent’s skills to help you move through all the stages of a real estate transaction. Your agent’s knowledge is valuable in all cases, but especially if you should hit a snag. At least one in every five home sales encounters a problem that can delay or cancel the deal. Whether it’s handling inspections, documents, pricing or marketing, you need a professional’s help if you want the best results.

All experienced home owners know that the purchase isn’t simply two parties reaching an easy agreement, signing papers and calling the movers. There is a bewildering amount of paperwork involved and real estate regulations can change from state to state. You need to know the requirements of the homes association if there is one. Your agent will coordinate closing dates, the contract, title issues, deposits and the list goes on.

Currently much of the country is experiencing a seller’s market with multiple offers coming in for many properties. Having a seasoned agent on your side will help you compete against other buyers. Agents have an established network that will give you a first look at the kinds of homes and neighborhoods you want to consider. Negotiations are critical and your agent can manage them for you without emotions getting in the way. On the seller’s side, it can be hurtful to have buyers nitpick features of the home you love. Your agent can handle the criticism for you and still keep an interested buyer from being scared away.

You will need many different people to get a house bought or sold: a trustworthy home inspector, an efficient lender, a good interior designer, a home stager or a handyman are all possibilities. Depend on your agent to have the connections to make credible recommendations.

Your seller’s agent will help you evaluate the curb appeal of your home and suggest minor repairs or renovations to help the sale. Their knowledge of the current market will help you set a price for your home to move it quickly and get you the most return on your investment. As a buyer, your agent will not only keep you apprised of the homes available, but will also provide insight about the neighborhood, schools, access to roads and transportation and other community amenities. Additionally, there is a huge list of behind-the-scenes services your agent will handle to keep your transaction on track. A few of these include verifying the property’s legal description and zoning, ordering a plat map, reviewing appraisals, calculating utility costs, entering the property into the multiple listings service database, scheduling inspections, tracking the loan process and coordinating all closing requirements.

You may only buy and sell homes a few times in your life, but your agent has signed off on hundreds of deals. If you are thinking of looking for your next home on your own or if you are considering for sale by owner, reconsider. Play it smart and utilize the skills of a talented agent, your invaluable partner for getting the best deal whether you are the buyer or the seller.

Filed Under: Blog Tagged With: Buying, Featured

Advice for a First Time Seller

January 15, 2018 by

Selling your first home can be exciting, exhausting and daunting. You have already navigated your home buying experience, but now you are on the other side. Your primary goal is to maximize your profit and there is much to consider before sticking a sign in your front yard.

Be prepared to put aside the feelings you have for your home. You have to think of it as a property in a business transaction, not as the place where you have memories and emotional ties. Once you have decided to sell, you must be as detached as possible, especially during negotiations. Then and throughout all the rest of the selling process, you need to hire a professional real estate agent. Don’t think you will be saving money by avoiding fees if you sell by owner. A home sale is loaded with landmines. For the best results and the biggest profit, let an agent market your home, explain the best ways to prepare it for sale and get you the best plan for closing the deal quickly. Find a top producing listing agent who can give you a comprehensive marketing plan.

You have work to do to get your home ready to show. First impressions are extremely important so you need to declutter everything: closets, tabletops, walls, garage, basement, lawn, everything. You need to depersonalize your house so that potential buyers can easily picture themselves living there. Plan to stage your home to show it at its best, both in person and in the marketing photos. The cost of a professional stager is a smart expense to maximize your selling power.

Freshen up your home with a few low cost improvements. New paint is the single best change, especially if you need to neutralize some vivid colors. Professionally cleaned floors and carpets will provide a bright look and a clean smell. You might want to replace outdated light fixtures and cabinet hardware. Cover dings in any woodwork and polish cabinets. Enhance curb appeal with trimmed bushes, repaired fencing and a manicured lawn. First impressions are key.

When your house is ready, price it to sell. Your agent will help you evaluate comparative home sales in your area, discuss the current market and set a realistic price. You don’t want to “test the market” with an inflated price and then have your house sit without offers. Buyers worry about houses that have been on the market for a long time, so a quick sale is better. Of course, you don’t want to underprice it either, so count on the counsel of your agent to price it right. Also, discuss closing costs and other selling expenses with your agent so you aren’t taken by surprise later.

Once your house is listed, keep it neat and be ready to leave when prospective buyers come for a showing. Buyers will feel more relaxed and will spend more time looking at your home if you aren’t hovering nearby. Be as flexible as you can with showing times and be prepared for several appointments within the first week. If a low-ball bid comes in, don’t take it personally or react emotionally. This is the start of the negotiation process and you have your agent in your corner to get you the best price.

Finally, have your movers lined up early. You can start packing as you declutter the house and be ready to go as soon as the closing is complete. Get excited – and be prepared for the next chapter as you leave your first home behind.

Filed Under: Blog Tagged With: Featured, Selling

Buy It, Don’t Blow It

January 5, 2018 by

You have found your dream house and the sellers have accepted your offer. It may seem like blue skies with nothing to do but pack and wait for the keys to the front door. However, be aware that there are still pitfalls to avoid so you don’t blow the deal before your closing date.

Be diligent about keeping your financial situation stable. It used to be that your credit history was reviewed only before you received approval for your loan. Nowadays underwriters check again just a couple of days before closing to make sure that you haven’t accrued any new debts or credit problems.

Your credit score played a significant part in securing your mortgage loan, so don’t do anything to jeopardize your score during the weeks before closing. Don’t apply for new lines of credit or deplete your cash reserves for other big purchases, such as a car or new furniture. Be up-to-date with your monthly bill payments as well. Anything that can make your credit score drop could send red flag to your lender. You don’t want to give them any reason to rethink your loan.

There will be a lot of paperwork involved in finalizing your loan and accidental errors are always a possibility. Be very prompt with any requests from your lender for additional documents. Incorrect or missing documents will cause delays in your closing or even halt it completely.

Home inspections will be done prior to closing. You want a thorough inspection that will uncover significant problems with the property. This is not an opportunity to nitpick every flaw and make unreasonable demands from the seller. Inspections are made for your protection as the buyer. Faulty wiring or termite damage are problems that likely need to be addressed before the sale is complete. However, quibbling over small flaws in the paint or a chipped sink or similar cosmetic problems may just aggravate the sellers without any benefit to you. Keep in mind that you may require some accommodation from the sellers before signing the final paperwork. For example, you might need some extra time before closing and want to move the date back a couple of days. This happens frequently. The sellers may be less willing to cooperate if you have turned inspection results into an unpleasant confrontation.

Finally, once your offer has been accepted and your closing has been scheduled, stop looking at other homes for sale. Yes, it is tempting to keep checking on what else has come on the market. But you might end up with a raging case of premature buyer’s remorse. Don’t worry that another house is better than the one you chose. You loved the house when you made the offer and you have a legally binding contract with earnest money paid toward that purchase. Now is the time to make plans for your new house: choose paint colors, make furniture placement diagrams and let the kids decide which bedrooms they want. Be patient and pack. Moving day will come before you know it.

Filed Under: Blog Tagged With: Buying, Featured

A Packing Tip Sheet

November 15, 2017 by

“Moving is easy and packing is fun,” said nobody ever! Packing up everything you own is stressful and tedious, so follow a few simple tips to make your move more streamlined.

Give yourself time

Packing can be overwhelming, so pace yourself to help keep things organized. Pack non-essential or off-season items weeks before your move. Books, knick-knacks, framed art and anything else you won’t use until you are in your new home can all be packed early. Eliminate some of the stress by packing a little bit at a time.

Downsize and donate

Now is the time for cleaning out closets, cupboards, the attic, basement and garage. Be ruthless! Donate or toss everything you don’t use. The more you get rid of, the less you have to pack, move and organize in your new home.

Stock up on moving supplies

Sometimes boxes from grocery or liquor stores work well and they don’t cost you anything. However, they may not be clean or hold the weight of your items and many different sizes of boxes are harder to stack in a moving truck. Use boxes designed for moving when necessary. Keep items clean by using white packing paper. Newsprint may work for some things, but the ink can smear on other pieces. Get plenty of packing tape and markers. You will probably need more than you think you do.

Label each box carefully

Unpacking is harder than packing because you have to decide where everything goes in your new place. Give yourself a break by labeling boxes clearly with their contents and destination. For example, “Kitchen: Dishes and Glasses” or “Master Bedroom:  Shoes and Purses.” Label the tops and sides of the boxes and be sure to mark “Fragile” when appropriate.

Keep “just in case” items handy

Don’t pack all your tools. You might need a screwdriver for taking the mirror off the dresser and other possible last minute projects. You’ll need them at your new home, too, along with light bulbs, extension cords and power strips. Make a complete “just in case” list and keep those items handy.

Keep essential items close, too

There are several things you will need immediately at the new house. These include toilet paper, hand soap, bed linens, cleaning supplies and anything else you will want your first night at the new house. Snacks and medications should be handy, as well as a small first aid kit. You might want to pack these in a clear plastic box so they stay in plain sight.

Don’t ship everything with the movers

Transport legal documents and other important papers yourself. You might also choose to move heirlooms or precious breakables in your own vehicle. There are some things that you actually can’t move, so review the rules about what you can’t pack in a moving van. Some common household chemicals can’t be shipped because they are hazardous or flammable.

Pack an overnight bag

Everyone in your family needs pajamas, clean underwear and a change of clothes, along with basic toiletries and other essentials. You will probably be too tired to unpack everything, so keep the overnight bag in your car until you need it. Make the beds, go out to eat and get a good night’s sleep before tackling the unpacking in the morning.

Filed Under: Blog Tagged With: Featured, Selling

The Highest Price May Not Be the Best

October 30, 2017 by

Much of the country is currently experiencing a strong sellers’ market. Homes are moving quickly and it’s quite likely a property may receive multiple offers. This is a strong position for you if you have your home on the market, but you need to be wise when judging which offer is actually the best one.

It is natural to want to take the highest price, but be smart and look at the whole offer to judge if it is really the best option. You want an offer that has a good chance of closing successfully and is not weighed down by unreasonable or undesirable contingencies.

Take this scenario, for example: One offer is $5,000 above the next, but includes a contingency for inspections and mortgage appraisal. The buyer making the second offer has conducted a pre-inspection and is willing to take the home as-is and waive the appraisal. You may decide the $5,000 difference is not worth the potential problems and take the second offer.

Another example: one offer is considerably higher, but is only putting down 5%. A lower offer that includes 20% down may be the better choice for you. A low down payment can mean the buyers are not really serious about your house and will pull out of the deal if they find something they like better.

Perhaps you receive one offer with conventional financing and another a few thousand dollars higher with FHA financing. This may be significant to your decision especially if you are in a hurry to close the deal because of a job transfer or other reasons. FHA loans have more stringent guidelines than traditional loans and therefore more risk for slower closing dates. It might be better to take the lower offer to dodge potential complications.

You want to avoid accepting any offer with risks that it could backfire. If your buyers get cold feet after your house has been off the market for several days, you are back to square one. The next buyers in line will assume something is wrong and momentum for selling your home could be stalled.

The following sliding scale is a good illustration of the worst to the best scenarios you could expect if multiple buyers offer the SAME price for your home:

  • All cash, no contingencies
  • All cash, pre-inspected
  • Big down payment, inspection & appraisal waived
  • Big down payment but contingent on inspection and other contingencies
  • Contingent on low down payment, inspection, appraisal, title & HOA review, low earnest money and asking for closing costs

As always, count on your agent to help you evaluate the strength of each offer you receive. Enjoy being in the driver’s seat while selling your home in this competitive market. The tables may turn as you begin the search for your next house!

Filed Under: Blog Tagged With: Featured, Selling

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