Archive for October, 2015


Do These Homes Pass the Pinterest Pundit’s Test?

Saturday, October 24th, 2015
pinterest-pundit

House: tulcarion/iStock; logo: pinterest.com

I know Pinterest: I’ve been reading home design blogs since Young House Love’s infancy, and for a while I served as lead writer for House Beautiful’s tiny DIY vertical, which required spending hours poring over pins, hunting down the prettiest projects using gold leaf or cement.

Considering Pinterest is only 5 years old, it’s hard to claim expert status, but when it comes to the waves of trends and fads inspired by the site, I’m well-versed. I know users love chevron (until they didn’t), X-benches, gold and bronze, and Scandinavian-inspired Swiss crosses against swaths of stark black and white.

Read more here.

Facebooktwitterredditmail

Before selling your home

Saturday, October 3rd, 2015

Certain important steps need to be taken before you put your house on the market.These simple steps will better prepare you to sell your home and make the task easier.

Home Loan Approval for your next Home

It is never a good idea to sign a contract to sell your home before you are fully sure of your ability to buy a new home. Circumstances may have changed since your last purchase not allowing you to qualify for your desired loan amount. To get a good idea of what you can afford you will need pre – approval before selling the house. Having gained this information, you can make a more reasonable decision on whether or not to sell your home at the time.

Determine Fair Market Value of your House

The ideal situation for any seller is to get the best price for the property in the shortest time period possible. However, over – pricing may cause you to lose on potential buyers and under pricing the lot may land you a raw deal. An agent or an appraisal service can guide you in determining the fair market value of your home. Another way of judging the appropriate price is by determining the value of the other houses in the vicinity. Irrespective of which method you use, make sure it’s the right price and is sold in good time.

Estimate Cost of Selling

Even when selling your home you will have certain expenses and it is very important that you know this to be able to keep a check on it. The first and most obvious cost is that of an agent and the real estate agency. But if you do choose to sell the house on your own then advertising will be a major expense. Professional fees of the attorney, closing agent etc will have to be taken into account. Other expenses will include various taxes, home owner association fees etc.

Make Necessary Repairs

This is probably the best time to make all the necessary repairs and amends to your home. A visible repair that is unattended to may turn a potential buyer away. A well tended to house makes for a better sale.

Get the House Ready to Show

Apart from making repairs, it is very essential that your house is sparkling clean, organized and attractive. It should be able to give the buyer a sense of well – being and good health. This will add more value to the property.

These are some of the necessary steps to be taken to make the selling process easier and more effective. This will ensure a good and quick sale.

Before Selling Your Home
By Anjana Appanna

Facebooktwitterredditmail

5 Reasons You Shouldn’t For Sale by Owner

Saturday, October 3rd, 2015

 

Here are five of our reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to FSBO.

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies which work for the buyer and will almost always find some problems with the house
  • The appraiser if there is a question of value
  • Your bank in the case of a short sale

2. Exposure to Prospective Purchasers

Recent studies have shown that 92% of buyers search online for a home. That is in comparison to only 28% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?

3.  Results Come from the Internet

Where do buyers find the home they actually purchased?

  • 43% on the internet
  • 9% from a yard sign
  • 1% from newspapers

The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.

4. FSBOing has Become More and More Difficult

The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 9% over the last 20+ years.

5. You Net More Money when Using an Agent

Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real commission. The seller and buyer can’t both save the commission.

Studies have shown that the typical house sold by the homeowner sells for $184,000 while the typical house sold by an agent sells for $230,000.   This doesn’t mean that an agent can get $46,000 more for your home as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.

Bottom Line

Before you decide to take on the challenges of selling your house on your own, sit with a real estate professional in your marketplace and see what they have to offer.

Call Today to discuss your goals 860-858-1160

Facebooktwitterredditmail