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!

A Seller’s “Love Letter”

April 8, 2017 by Team Ed Martin

Home inspections, sales history and a good school district are the kinds of things that tend to speak to a buyer’s head. A personal letter from you about your home can speak to the heart. A home sale is an emotional choice and a “love letter” about the features that have made your house a home can make your property stand out. It may not clinch the sale on its own, but it could certainly make your place more attractive and memorable to prospective buyers. Leave copies of the letter out during an open house next to other information provided by your agent. Some sellers frame their letter and leave it in a prominent place for buyers to see. Your agent could also email it to interested prospects. Be sure to include a photo of the house within the letter.

Your writing needs to sound authentic and sincere. Make it personal and positive. You can include family memories, details about the neighborhood, information about nearby shopping and restaurants, the schools your children attend, or a little history of the house itself. Explain some of the reasons why you have loved living in this home. The sample here incorporates many of these options:

Dear Home Buyers,

Nine years ago, we were searching for our first house. We had looked in many parts of the city, but kept hoping something would open up here in Deer Run. When this house became available, we only looked at it once before making an offer and still talk about how lucky we were to get it.

The house had all the things we wanted most on our wish list: a gas stove and double oven in the kitchen, lots of storage, a laundry room by the master bedroom and a fenced yard for our dog. But it also had nearly everything else we hoped for – a pretty mantelpiece, room for my grandmother’s piano, and a big window over the kitchen sink. The large atrium area for the breakfast nook was an extra bonus.

So many traditions and memories are tied up in this home. We always put our Christmas tree in the front window and rearranged the furniture so we could sit on the sofa to look at the tree and watch the fireplace at the same time. Add a long table or two to extend the dining room seating out into the front hallway and you can have at least 20 people here for dinner. We did that lots of times for birthdays and holidays.

We had many wonderful parties out on the deck — there’s room for a crowd. Laughter and good food were enjoyed while the kids caught lightning bugs and played flashlight tag. The neighbors whose yards touch ours are all such good people. We’ve had many great talks over the back fence. The annual Popsicle Parade on the Fourth of July has always started in front of our house with everyone back here at the end. All our immediate neighbors help host it — so much fun!

Tomato plants thrive in the side yard and the dogwood trees are beautiful in the spring. There are pink and white peonies in front, lots of tulips and daylilies come up every year and the maple tree at the back of the yard turns a spectacular red color every fall.

Aside from our house, we are going to miss the neighborhood. We are close to a couple of fabulous restaurants (be sure to try the shrimp and grits at McNeally’s!), our favorite golf course is only a half mile away, and the kids can walk to the elementary school. Actually, if we could commute to Springfield, we wouldn’t consider moving, but it’s just too far away.

This has been a home filled with love and we wish you, the next owners, the same good fortune.

Be sure to sign your name. You are giving potential buyers a look at the special memories you created in your house. It might also be a gentle, cathartic exercise for you as you say goodbye to one part of your life and get ready for the next chapter.

Choosing Between Two Perfect Houses

February 25, 2017 by Team Ed Martin

You’ve searched and searched, finding nothing that suits, when suddenly you’ve found not one, but two homes that would be perfect. What to do? First, remember that your housing market may demand that you come to a decision quickly. You don’t want your dream home to get away. Be prepared to make a prompt, reasonable decision using your head as well as your heart.

Make a list to help weigh the pros and cons of each property. Start with the basics:

Size
Condition
Age
Schools
Distance to your workplace
Transportation options
Homeowners association dues

Take a look at the surrounding neighborhood. Is it well maintained and safe? Look to see if there are many other homes for sale and check on the area’s crime statistics.

How long have each of your two favorite houses been listed? A seller is more likely to accept a lower offer if the home has been on the market a long time. If the price between the two homes is significantly different, the cost might be a deciding factor. Committing to a 15 or 30-year mortgage means your standard of living may be better starting with the lower price.

If you have children, you are likely interested in having other families living nearby, proximity to playgrounds and parks, as well as good schools. Even if you don’t have children, note that homes near quality schools will hold their value better than those near poor-performing schools.

Finally, which of your two candidates has the most features from the wishlist you had in mind when you started your search? A gourmet kitchen, space for gardens, room for entertaining, a home office, walk-in closets – what do you want the most and which house hits more of your hot buttons?

This list will likely nudge one home to the top. Throughout your deliberation, be sure to use your real estate agent’s skills to help guide you through the process. Your agent has great knowledge about market data and the investment potential of the properties. He or she will have important information on the situation of each of the homes’ sellers. Your agent will be glad to take you through the houses more than once or twice so you feel comfortable with your decision. Depend on your agent to take emotion out of the equation and help you look at the facts about each property.

Ultimately, you don’t want to spend too much time deliberating between the two homes or they may be lost to other buyers. If all else fails, go with your gut. If you are deciding between two dream homes, you can’t go wrong.

The Importance of a Home Inspection

January 28, 2017 by Team Ed Martin

An inspection of the physical condition of a house should be included as a condition of closing the sale. Your real estate agent will make arrangements for a professional inspector to look for defects in the roof, plumbing, electrical, heating and cooling systems, paint, windows, doors, and foundation. The inspector will also check for dry rot, mold and pest infestations, and should check outside for any problems with grading, drainage or retaining walls. You might want to arrange for inspections for mold, asbestos, lead or radon. Depending on the property, you may want to ask for testing well water, oil tanks or septic systems. Most inspectors are qualified to conduct all of these tests, although some may require additional fees.

The seller is required to provide a disclosure sheet about any issues of which they are aware. This is just a starting point for the inspector, however, because there are likely problems the sellers either don’t know exist or have actually forgotten about.

It is most common for buyers to have the inspection done after they have made an offer and the sale of the house is contingent on the buyer’s approval of the results of the inspections and resulting repairs. Keep in mind that all objectionable inspection issues must be “repairs” and not “improvements”. A repair may be a broken window, for example, and an improvement would be new counter tops.

The inspection usually takes two or three hours and will usually cost between $200 to $500 depending on the size, age, location and type of home. Buyers are encouraged to be present during the inspection so they can ask questions, learn about maintenance of the property and get a sense of which problems are serious and which are fairly minor.

The inspector will provide a written report of all findings which will be presented to both the buyers and sellers. If the report shows no major problems, you can move forward with the purchase feeling confident that you are getting what you are paying for. If there are big issues on the report, like major termite damage or an antiquated electrical panel, you can negotiate with the sellers to have them pay for repairs or lower the purchase price, or you can back out of the deal completely.

Planning for Pets While Selling Your Home

December 21, 2016 by Team Ed Martin

Although pets may be a significant part of your family, they can pose a challenge when your home is on the market. Pet hair and odors obviously must be addressed, but your furry friend’s presence may be the biggest problem. Although people love their own dogs and cats, they may not like others and they definitely will not be impressed with a property full of other animals’ noises, toys or hair.

Have a good plan in mind for dealing with your dog or cat before potential buyers come inside your home. Here are a few tips to keep in mind:

Clean, Clean, Clean!
Vacuum every day to keep the place spotless. Keep animals toys packed away and take down the big scratching post. Pack up the cages and carriers. Put food and water bowls out of sight before a showing. Remember the outside, too, and be vigilant with the pooper scooper while your house is on the market.

The Nose Knows
Smelly pet odors are bad and cat urine is the worst! Cat boxes and puppy pads must be put away before showings and kept super clean the rest of the time. Even a leaking fish tank can create an unpleasant stink. Don’t think that an air freshener can cover the scent — get rid of the smell with an enzyme cleaner. Nothing will turn buyers off more quickly than bad smells and pet mess.

Repair Pet Damage
Carefully inspect all floor coverings. You made need to hire a professional to get rid of the worst spots and stains. If you can’t fix the spots, replace the carpet. Cover scratches on the hardwood floors and doors. If your dog has clawed repeatedly on the back door, the marks will need attention. Has he dug up the yard or chewed on the fence? Be sure to inspect for pet damage thoroughly. If you have a dog house in the back, give it a fresh coat of paint.

Fleas! Fix!
If your pet has fleas, then they are in your home, too. Hire a professional exterminator to kill the fleas and have your pet treated. Fleas in your carpet and furniture will run buyers back out the door and your home will only be memorable to them because of bites on their legs!

Where Should They Go?
If possible, have your pets out of the house during showings. Take the dog to the park for a long walk or even to the office for the day. See if a friend can keep the cat for a few hours. Having pets at the house when buyers are there should be avoided if at all possible. If not, kennel your pet or put up a temporary pen in the back yard and leave a note asking visitors not to disturb your animals. You will be running a big risk if your pet is roaming the house while strangers are there.

You want buyers to be able to see themselves living in your home. That means helping them see beyond your personal belongings, including your pets. Even a home in excellent condition will likely take a hit in sales value if pet damage and smells are not addressed. Neutralizing your pet’s presence will help you sell your home more quickly and at a competitive price.

Do Your Wants Match Your Needs?

November 19, 2016 by Team Ed Martin

A good first step to buying a new home is to prioritize the amenities you really need the most. Be prepared to compromise a bit. Dreams of marble counter tops, gleaming hardwood floors and a pool in the backyard are great, but be careful to prioritize your real NEEDS over the WANTS. Separating the two may be difficult. Your basic needs include a roof and walls, heat and, possibly, air conditioning depending on the local climate. But you might tell your real estate agent that you want a four-bedroom, two-story with a beautiful fireplace and a fenced yard on a cul-de-sac. Before you get completely carried away, try to define what you need the most in your next home.

Make a List

Make two columns, one for wants and one for needs. Needs should include items such as price range, school requirements, location, number of bedrooms and bathrooms, size of the garage, and how much fixer-upper repair you are willing to do yourself. Wants could include more nonessentials, like a recently remodeled kitchen or bathrooms, hot tub, home style, new windows, a large deck or professional landscaping.

How Large or Small?

How much space do you need? Will your family be growing? Do you want to downsize? Do you need a lot of storage space? Do you want a three-car garage? Think about the amount of square feet you want, but keep the number flexible as you begin your home search. Consider how you want your family to fit in your new home.

Future Plans

How long do you intend to live in the new home? If it is only for a short term, its location, value and neighborhood will be important for the future resale. If you think you will live there longer than five years, you will have more time for remodeling or expansion. Will you need a large lot for a new addition?

Once you have completed your list, prioritize everything with the needs at the top followed by the wants. Share it with your agent so he/she can help you find properties available in your price range that best fill your desires. It’s good to have this work done before you actually start looking to make sure you buy the right house for your family’s needs.

Selling Your Home During the Holidays

November 11, 2016 by Team Ed Martin

Putting your home on the market in December doesn’t sound like much fun. But, before you let your inner Scrooge get the best of your festive spirits, keep in mind that there are some characteristics of the season that might position you for a quick sale.

Deck the halls with a light touch.
Emotion is a big part of home buying and you can capitalize on that this time of year. Go light on all the holiday accents, however. Of course, you can put up a tree. Just make sure it’s not so big around at the base that it dwarfs the living room. You might put a little greenery above the fireplace, but don’t hide the beautiful mantle with everyone’s stockings. Yes, your most favorite nutcracker and Santa figurine can find a cozy spot. Just remember that a little jolly touch will look inviting, but an explosion of red and green everywhere will look cluttered. One person’s “merry” is another person’s “tacky”, so less-is-more with the holiday goodies.

In case you are really sad about skipping some of your usual holiday decorations while your house is being shown, keep in mind that next winter you should be relocated into your new home and your big Christmas village and all the other ornaments will be out again!

Curb appeal is still critical.
The same minimal touch goes for your outside decorating, too. Rein in any Clark Griswold impulses to have the house on your street covered with the most lights this year. A pretty wreath on the door or a string of lights accentuating the shape of the roof line are good choices. A big blow-up snowman… not so much. Another possible plus: a blanket of snow could make your home look like a winter wonderland and you don’t have to spend lots of time getting the lawn and flower beds in shape.

You need to have a knock-out online listing.
The majority of shoppers look online to check out listings and plan which to see in person. During the winter months, bad weather makes this especially true. You want your agent to make sure your home shows great online with excellent photos of beautifully staged rooms. If possible, include a spring or summer photo of your home so buyers can see what it looks like during another season. Including a video tour with your listing is a big plus for potential buyers who can’t get there in person during a snow storm.

Competition during the holidays is less fierce.
Lots of people are reluctant to sell their homes during this time of year, so the housing inventory is smaller. That may make it easier for you to get top dollar for your sale. Additionally, if someone is house hunting during the holidays, they are likely more motivated than usual. If your prospective sellers are willing to alter their holiday plans and go out in cold weather to look at properties, they are probably doing so because of a job transfer or something similarly compelling them to move in December or January.

Create a holiday-friendly schedule for showings.
If you are travelling during the holidays, showings are easy. Keep the heat on so the house hunters are happy, and enjoy a little peace of mind that your home will be checked on while you are away. When you’re home, set black-out dates so you can enjoy holiday company and celebrations. Your agent will help you with this if you let him/her know your preferred schedule for showings. It’s okay to have limited availability this time of year. People will understand.

It may look like a tremendous hassle, but selling your home during the holidays can be a stress-free experience if managed well. Partner with your agent to meet scheduling and staging goals and hope for a quick sale. If not, there’s always next year, right? And New Year’s Eve is only a few weeks away!