A lot of sellers don’t put enough emphasis on fixing up their homes when they put them on the market. Even sellers with recently renovated homes need to do this work. There is stiff competition and every detail is important to help you sell fast and for top dollar.
So if you want to sell your house, take ten minutes to read this list. Then start packing!
1 DO de-clutter and de-personalize the space! It’s simple advice but this is the most difficult step for sellers. Say good-bye to the home and then erase the memories from the space by putting away personal items. The more prospective buyers can visualize their own belongings in the space, the better.
2 DO create a welcoming entrance that feels great to walk into. Make this space clean, well lit, and up-to-date. First impressions are critical.
3 DO invest in low cost, sweat equity. Repaint the walls a neutral light color, update light fixtures, faucets, doorknobs, and backsplashes. If you don’t have time, hiring someone to get these things completed is money well spent. If you don’t have the talent, hire an interior designer or home stager to consult for a couple of hours. Small cosmetic improvements add up.
4 DON’T do any major renovations on your home if you don’t have the time, money, or energy. Jobs like re-doing the flooring, kitchen, or bathrooms are large and stressful, particularly if you are living in your house during the work. Think rejuvenation not renovation.
5 DO invest in fixing up your outdoor patio or sitting area if you are selling during the warm months. Potential buyers love the added value of an outdoor eating or sitting space. Repaint the deck and create a comfortable space with outdoor furniture. An umbrella and barbecue will be great selling points.
6 DON’T invest in a swimming pool, hot tub, or fishpond. You won’t make your money back. You may even alienate many prospects who are put off by the maintenance involved and the potential hazard for small kids.
7 DO give your kitchen or bathroom a surface makeover. These two rooms are the most important in any home. There is no need to change your entire set up. New faucets, knobs, backsplash, moulding, sink, and paint are all easy and inexpensive updates. Remember to keep it neutral.
8 DON’T forget about the landscaping and outdoor appeal. This is the very first thing buyers will see. If they are turned off, you’ll have to work even harder on the inside. So why not give it some care? Paint your front door, give it a new handle, fix cracks in the walkway, paint the mailbox or get a new one. Fix or get new house numbers. Make it charming by trimming all your trees, bushes, grass, and by adding flowers.
9 DO Be eco-conscious when moving. Donate home fixtures that are in working order to Habitat for Humanity’s ReStore and bring your debris to the eco-center. Consider re-facing or repainting kitchen and bath cabinetry rather than replacing them. The more you can reuse and repurpose, the better. The goal here is to spend as little as possible for the biggest impact.
10 DON’T leave any animal marks around the house. Scratched doors, a kitty litter box, messy eating bowls, hairy blankets, and chewed up toys need to go. Not everyone is an animal lover and they might dismiss the home altogether if they are allergic.
~Jennifer Lynn Walker
Article Source: http://EzineArticles.com/9978097
Most people consider, owning a home, of their own, to be a meaningful component, of the so – called, American Dream, but, in order to ensure, dreams do not become nightmares, it’s important to proceed, with insight, well – prepared, and doing all they can, to make the best decision, for their needs and requirements. Since, for most of us, our house’s value, represents our single – biggest, financial asset, doesn’t it make sense, to prepare properly, and proceed, in the best possible manner. This article will, therefore, attempt to briefly consider, review, examine, and discuss, 4 factors, which might, often, impact home buying.
1. Supply: When the supply, of house’s available, on the real estate market, exceeds the demand, we have a Buyers Market, which generally, lowers selling prices, and helps buyers, purchase more house, for less money! The economic theory of Supply and Demand, is extraordinarily, relevant, when it comes to real estate, and often, fluctuates, considerably, from time – to – time. Sometimes, this occurs, gradually, over a period of time, while at other times, it changes, dramatically, rather quickly. This is why, one must carefully evaluate and consider, pricing, not, merely, in terms of what has been, or what is, but also, what might be!
2. Demand: When the demand for houses, exceeds the supply, it creates a Sellers Market, For the past couple of years, we have been experiencing that type of market. Many factors effect this, including competition, job market, overall economy, public perceptions and comfort zone, and the specific, local market. We must all beware, and prepare, for factors which might impact real estate and the housing market, including the capping of so – called, SALT deductions, as well as rising mortgage interest rates.
3. Perceptions: Buyer and seller perceptions, are, often, quite different, The best thing for a homeowner, to do, is, go, to, some Open Houses, in the neighborhood, in order to get a better idea of the competition. Many owners over- value their house, while most buyers, seek the best possible price. In addition, perceptions of the overall economy, trends, etc, have a significant influence!
4. Financial considerations: Many financial considerations, are relevant to this discussion. This may include: the overall economy; the specific, local, one; mortgage rates and trends; real estate taxes; the employment/ job markets, etc.
Pay attention to these 4 factors, which impact the home buying, process. The more prepared, the better, for the home buyer!
The so – called, American dream, often, includes, owning a home, of one’s own. While many people realize and understand, why this is important and relevant, there is often, not enough attention paid, to maximizing the ability and potential, for many, to achieve this objective, in an effective, less stressful manner. In order to do so, smart home buyers, prepare accordingly, and proceed, along their quest. With that in mind, this article will attempt to briefly examine, and discuss, 5 steps, which, if used smartly and effectively, will alleviate some of the challenges and obstacles, and, thus, make the process, somewhat, less painful and tense/ stressful.
1. Prepare for the down – payment, etc: Although most home buyers use a mortgage, in order to acquire their home, even, some of the most qualified, potential buyers, sometimes, neglect, what is referred to, as the closing costs. These costs include the down – payment, legal fees, and associated closing expenses. Most lending institutions want to know, where these funds come from, and so, before beginning one’s search, the necessary funds, should be transferred (at least 3 months prior), to an easily identifiable, bank account, etc. In most cases, the buyer needs to put 20% down, but, sometimes, to get the best interest rate, a larger down – payment, may be needed. Although lower down – payments, may be acceptable, often, there are usually more fees, and conditions, involved. The more prepared, the lower the stress!
2. Reserve fund: No matter how nice a home looks, nearly every buyer decides to personalize/ customize the house, and, this, additional funds are needed. In addition, it is wise, for people, to have an additional reserve or contingency fund (generally recommend a minimum of 6 – 9 months), in case of unexpected contingencies, etc.
3. Fix/ address credit: Several months before you begin shopping for a house, request your credit report, and review it carefully, to be certain, there are no errors and/ or inconsistencies. You can either do so, yourself, or use one of the credit agencies, with a quality reputation, and a high degree of experience and expertise. Do this, in advance, so you minimize it, becoming any type of negative issue!
4. Distinguish between needs/ priorities, and a wish – list: Do you know what you need, in your home, in terms of addressing a combination of your economic, family, etc, personal situations? Most home buyers have a list of items, they desire and seek, in their residence, but, it’s also to break this into, needs and/ or deal – breakers, versus, desirable options, etc.
5. Discipline and reasoning: Hiring a quality, experienced, buyers representative, who clearly understands, your needs and situation, generally eases this process! Know the local market, and take advantage of the Competitive Market Analysis, or CMA, so you have a realistic idea of pricing, values, and strategy.
It’s often your decision, whether you will control this process and period, or let it control you! Will you prepare, and proceed, in a properly prepared manner?
Article Source: http://EzineArticles.com/9871675
Buying and selling of a home tend to increase along with the temperature. Through an analytical survey, we came to know that there is a specific time period that provides home buyers the edge. If you really want to know about the best times for buying a new home , then we are here to assist you in all possible manners. The very basic factor that every buyer should consider while planning to buy a new home is to determine the time when prices drop the most. When is the right time to buy a new home? It merely depends on what you are looking for your dream house. Ideally, the right time is when you find low-interest rate, and when every single change in real estate suits to your current financial condition.
A smart buyer will look for various factors while buying a new home such as interest rate, current real estate trend, own financial budget and lots more. Unlike other services that allow you to consider various key points while making any purchase, buying a new home at a right time is also a very important thing. Make yourself aware with some pinpoints that will surely help you to determine the best time of the year to buy a new house .
Know about the best interest rate
Obviously, interest rate plays a vital role while deciding on buying a new home as interest rate has a direct impact on your monthly payment and on the amount that is associated with purchasing of a new home. When you will find low-interest rate, then it’s obvious you have to pay comparatively less amount and when the interest rates are high, you have to pay the big amount.
Focus on some economical factors
There are some economic factors that have a direct impact on the rate of interest such as the cost of living, inflation and market condition. Note that if you have got a high-interest mortgage, then you’ll be ready to finance to a lower rate. Similarly, if you have got a flexible rate mortgage, then you’ll convert to a specific rate mortgage.
Current Market Trend
There is a great impact of the type of market on rating and demand of homes. Basically, in a seller’s market, you will see that the demand of home is higher. Homes sell quickly and frequently at the terms or higher. Sellers have the advantage in negotiating. While in a buyer’s market, the market is slow: homes might remain unsold, you will realize a lot of decisions and you have got the dialogue edge. Your real estate agent will tell you a lot of regarding this market.
Impact of season on the market
Seasons typically have an effect on the market. For an instance, you see plenty of homes on the market are sold in the spring when new flowers are blooming and therefore the weather is good. Conversely, you will not realize plenty of homes on sale throughout the vacations, as a result of individuals don’t typically wish to maneuver throughout that point. As another chance, you will need to sell your home first as a need of buying a brand new home.
Article Source: http://EzineArticles.com/expert/Neeraj_Sharma/2351575
Buying a home is a great investment for millennials. Being in your early 20’s and thinking about buying a home may scare you, but it’s actually a great way to get started investing. Here are the top reasons to buy a home as your first investment.
#1 Mortgages are Cheaper than Rent
In 42 out of the 50 states, it’s cheaper to own a home than to rent. Taking on a mortgage can actually save you money now and in the future. The biggest thing standing in most people’s way is the down payment. Luckily, in Washington state, there are many programs that will help homeowners purchase a home for a lower or no down payment.
#2 Start Building Equity
As you start to pay down your mortgage, the amount of equity you have in your home grows. Unlike rent, you’re not just throwing away your money, but securing it to your home. When you’re ready to move you can use that equity to buy your next home.
#3 Your Lower Budget is in your Favor
When buying your first home, odds are you won’t be able to buy the nicest home on the block. Go for the fixer upper that you can actually afford. Over the years take the time to make improvements to the home and when you’re ready to sell, you’ll be making money
#4 It’s an Investing Stepping Stone
Buying a home is one of the best stepping stones to get started investing. Buying a home, paying your mortgage, building equity, and selling for more than you bought it for is a great way to learn how investing works. You invest in something while it is low, wait for it to grow in equity, then sell when it is high. This is exactly how homeownership works. If you make enough money on the sale of your first home you can even invest some of that into other types of investments such as stocks, bonds, retirement accounts, or more real estate.
Buying a home is a big decision, but as long as you make your payments on time and let your equity grow, it’s one of the best investments you can make… especially in your 20s. Investing is all about risk, start off with a small but beneficial risk of buying a home and see how it can help guide you towards a future of great investments
Article Source: http://EzineArticles.com/9802968