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Trying to Sell Your Home As a Fixer-Upper? Highlight These Key Areas to Attract Eager Buyers

August 24, 2017 by James Scott

Trying to Sell Your Home As a Fixer-Upper? Highlight These Key Areas to Attract Eager BuyersAre you going to sell your house in the near future? If it’s a bit of a ‘fixer-upper’ – meaning that it’s in need of some renovation work – you may find some challenges in marketing it to potential buyers. Reducing the listing price is one option available to you, but there are other ways to highlight this kind of home. Let’s have a look at three key areas that you’ll want to focus on when trying to sell a home in less than perfect condition.

Push The Customization Angle

First, try to keep in mind that most potential buyers who are on the market for a fixer-upper are likely to be interested in customizing the home. Be sure to highlight any key areas that are ripe for change. Is the décor in your kitchen a little dated? No problem – it’s a chance for your buyer to build the kitchen they’ve always dreamed of. Is the basement unfinished? There’s a perfect opportunity for a keen buyer to create a basement suite which they can then rent out to a new tenant.

Highlight The Surrounding Community

It’s a good idea to jot down a list of all of the benefits of living in your community. How are the schools? Is the area well-served by public transit? Are there any amenities like a community center worth mentioning? Is the neighborhood considered family-friendly? What are the neighbors like? Are there hospitals or other medical services nearby? What about running trails, area hikes or dog parks? Many buyers care more about their quality of life than they do about the condition of the house itself. If the community is in better shape than your home, spend more time highlighting how great it is to live in the area.

Promote The Overall Property Or Land Value

Finally, don’t overlook the value of the property that the house is sitting on. Buying real estate is a financial investment that will appreciate in value over time. While the house might get old and dated, the land will always retain value. Be sure to point out any positive land value trends to potential buyers.

These are just a few of the many ways that you can promote a fixer-upper home. For more information or to get your house on the market, contact your local professional real estate team. We’re happy to assist.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

First-Time Home Sellers: Don’t Miss These 4 Tips That Will Keep Your Sale Moving Smoothly

August 15, 2017 by James Scott

First-Time Home Sellers: Don't Miss These 4 Tips That Will Keep Your Sale Moving SmoothlyAre you selling your home? If it’s your first time going through a home sale, you’ve probably got a lot of questions about the process. In today’s post, we’ll share four tips that can help to keep your home sale moving along smoothly. Let’s get started!

Tip #1: Enlist The Help Of A Professional

First, you’ll want to ensure that you enlist the help of an experienced real estate agent. Selling a home is a significant financial transaction and the process can be especially daunting the first time. A professional agent with sales experience will be a major asset in having a stress-free sale. They’ll know all of the legal and other requirements to selling so you won’t be buried in paperwork. Plus, they’ll have insight into other local sales which can help with listing your home at a competitive price.

Tip #2: Focus On Your ‘Curb Appeal’

As the saying goes: you never get a second chance to make a first impression. With that in mind, you’ll want to ensure that you focus on how your home looks when a potential buyer shows up. If you feel the home could use it, a fresh coat of paint is an inexpensive upgrade that can give your home a new look and feel. Don’t forget your lawn and other landscaping, which should look well-maintained. The last thing a buyer wants to see is a nasty jungle of uncut grass or dying flowers!

Tip #3: Don’t Turn Down A Solid Offer

While you likely shouldn’t jump on the very first offer you get for your home, you also won’t want to pass up on a fair one either. It can be tough attracting a buyer, especially for larger, more expensive or luxurious houses. If your agent advises you to accept a competitive offer, it’s advice that’s well worth considering.

Tip #4: Have Your Share Of The Paperwork Ready

Last but not least, it’s worth having your share of the paperwork ready to go. There’s a lot of documentation required to complete a home sale, and being unprepared is a guaranteed way to make the closing process take longer. Spend the time gathering what you need before you accept an offer and you’ll enjoy a faster sale.

There you have it – four tips that will help to keep your home sale moving along smoothly! When you’re ready to discuss selling your home, contact your trusted real estate professional. We’re happy to share our guidance and experience to help you with your sale.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

The Five Most Common Overlooked Expenses When Selling a House

August 2, 2017 by James Scott

The Five Most Common Overlooked Expenses When Selling a HouseMost homeowners are so enthusiastic about putting their home on the market and getting the price they’re hoping for that the expenses involved in selling a home are forgotten. However, it’s often said that one has to spend money to make money, and selling a home is no exception! If you’re wondering what kinds of overlooked expenses will cut into your home sale, here are some costs to consider.

Minor Renovations

There are always a few things to fix-up when it comes time to sell your home, but by establishing what will best increase your home’s value, you can make it a good investment. Instead of going it blind, create a renovation budget so any cost you incur will pay for itself.

Staging Your Home

It’s possible you may be able to get away with minimal costs when it comes to home staging, but adding a few small details can improve the overall impression of your home. Instead of spending an abundance on dressing up your home, put your time into cleaning and de-cluttering for ample effect.

Closing Costs

It goes without saying that closing costs can add up to a lot of money at the end of the day, but many people forget they’re part of the transaction. Closing costs can include anything from transfer tax to title insurance to escrow fees so it may be worth talking to your agent to see if they can give you a deal.

Real Estate Commission

It’s easy to forget, but using a real estate agent to sell your home will require you to pay a portion of your home’s sale to them. While you may be able to negotiate this percentage with your agent, it’s worth realizing that an agent will help you garner a higher price and will do a lot of the leg work for you.

The Moving Van

It might be too soon to think about, but if you have a lot of stuff and don’t want to take on the task yourself, you’ll need to hire a moving company to help you relocate. Instead of leaving this to the last minute, contact a few popular movers to get pricing, and don’t wait until the last minute to schedule your move. If you’re desperate, you’re likely to pay more.

Selling a home can be a financial boon, but there are many expenses that can come along with it. If you’re currently preparing to put your home on the market, contact your local real estate professional for more information.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

Selling Your Home This Summer? Here’s Why You’ll Want to Recruit the Neighbors to Help

July 14, 2017 by James Scott

Selling Your Home This Summer? Here's Why You'll Want to Recruit the Neighbors to HelpWith the power of social media, it’s easier than ever to use Twitter and Facebook and your own home website to sell your home online. However, there are a lot of different buyers on the market and that means it’s important to keep all your options open when it comes to marketing your home. If you’re wondering how you can harness the power of your neighbors to get the word out, here are some tips you may want to consider.

It’s Extra Marketing

If you have a good relationship with the people in your area, it’s possible that they’ll be happy to get the word out for you and assist you in the sale of your home. Whether they happen to have friends who might be interested in a property in the area or are willing to otherwise point out your place, a positive relationship can lead to opportunities that may come from the most unexpected places!

Selling The Home’s Reliability

In all likelihood, your neighbors will be well aware of situations adversely impacting the community or any past situations that have affected your home, whether there’s been a break in or a roofing issue. It’s often the case that potential buyers will consult with your neighbors to hear more about your home’s history. Since you won’t want an interested party to hear any bad news from your neighbor, it’s important to be upfront and discuss any adjustments or renovations you’ve made with your neighbors so you can be on the same page if an issue comes up.

Keeping Them In The Loop

In the sanctity of your own home, it can be easy to forget about the neighbors just next door. But don’t forget that the stream of people coming to look at your home can have an impact on those who live around you. Instead of neglecting to prepare your neighbors for additional visitors, go door-to-door and bring some baked goods or other treats to inform them of upcoming open houses. Not only will they appreciate the gesture, they might be happy to push some interested parties in your direction.

There are many ways to market a home sale, but it’s important not to forget about how your neighbors can assist you in getting your home off the market and sold. If you’re currently preparing to sell your home, contact your local real estate professional for more tips and advice.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

Understanding Why the Highest Offer Isn’t Always the Best One When Selling Your Home

June 30, 2017 by James Scott

Understanding Why the Highest Offer Isn't Always the Best One When Selling Your HomeWhen it comes to the real estate market, nothing is better than putting your home up for sale and finding a potential homebuyer who offers you the price you’re looking for. However, while the right offer is ideal, there are a lot of things that may come along with a high offer that may be less than perfect. If you’re wondering what kinds of things can hamper a good offer, you may want to watch out for the following.

What’s The Timeline?

If you’re almost packed and you’re prepared to go, there won’t necessarily be any inconvenience in dealing with a 30-day closing period. However, if you’re not quite ready to move, having to close quickly can add a lot of pressure to a stressful situation. While it may be do-able to make the arrangements to move in a short amount of time, if it’s not the way you want to leave your old house and move on, you may want to go with a more flexible offer.

The Details On Cash

The right price is indeed a good offer, but when it comes to homebuyers who can pay with cash, there’s a lot less to worry about on the back end. As a result, cash can easily trump many other offers for the convenience of not having to deal with lenders or many other factors involved in closing the purchase. While it might not seem like most people have the available cash on hand, cash purchases on real estate are becoming more common, and with less complication, they can be more enticing.

Are There Contingencies?

If you’re experiencing a bidding war with your home, it’s important to look at all the details of the offers and ascertain which one can best be relied upon. That’s why it’s important to look at any contingencies on the home sale that may have to do with the financing, appraisal or inspection. An offer may be more than a little striking at the start, but if there are a lot of strings attached, there may be a bidder with a lower offer who’s less likely to back out.

It’s easy to get snared by the highest offer when selling your home, but it’s important to be aware of your timeline and any contingencies before accepting an offer. If you’re currently preparing to put your home on the market, contact your local real estate professional for more information.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

What Costs Can You Expect When Selling Your Home? Let’s Take a Look

June 23, 2017 by James Scott

What Costs Can You Expect When Selling Your Home? Let's Take a LookFor many people, putting their home up for sale is an exciting time to determine what kind of financial boon they’ll reap. With real estate on the rise, there are plenty of opportunities to see financial gains. Unfortunately, even if you’re selling your home, there are still going to be costs involved before ownership is transferred. If you want to be prepared for what to expect, here are some costs to watch out for.

Real Estate Agent Fees

As with buying a home, there will be costs involved in selling your home with an agent who will take a percentage out of the total sale of your home. Fortunately, while this will cost money, utilizing a real estate agent will probably garner you more money than you would have been able to get by putting your home on the market yourself. If you do want a better deal, it may be worth talking to your agent and seeing if they’re willing to negotiate on their percentage.

Agreed-Upon Closing Costs

It’s not uncommon nowadays for homebuyers to request their closing costs be paid by the seller in order to secure a deal, but it’s worth understanding what these fees may consist of. While there may be fees for the home appraisal, property transfer, and title insurance, there may also be maintenance costs you’ll have to take on following the home inspection. As a result, it can be important to do any home touch-ups before you’ve set a date for the open house as these can lower the offers on your home.

Moving Costs

Even if you have a big truck and a lot of heavy lifters in your family, there’s a good chance that you’re still going to require a moving company to take care of many of your items. You may be able to minimize these costs by moving in pieces and leaving the heavier items for the movers, but if your home sale is closing quickly, this work might best be left to the professionals. It will be worth getting quotes from a handful of trusted local movers to see who comes recommended at a reasonable price.

It’s easy to get caught up in the concept of selling your home, but even along with selling come many costs you’ll want to be aware of. If you’re preparing to put your home on the market, contact your local real estate professional for more information.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

Family Matters: The Pros and Cons of Selling Your Home to a Family Member

June 22, 2017 by James Scott

Family Matters: The Pros and Cons of Selling Your Home to a Family MemberIt can be a stressful experience to put your home on the market and wait for offers in the hope that you’ve priced it right. However, for those who are considering selling to family members, the sale of a home can be fraught with just as much stress before and after sealing the deal. If you’re wondering if it’s a good idea to sell to a family member, here are some things to consider beforehand.

Providing A Discount

Whether you’re selling to a sibling or a child, you may be considering offering the home at a discount to help them out. Fortunately, since the discounted value will be different than the market value of the price, this may mean a taxable gain when it comes time for them to sell the property after a few years of residing in it. On the other hand, if your financial health is not the best, selling at a lower price to a family member can create an undue financial burden for you.

An Owner-Financed Sale

If you’re trying to help your child get on their feet, the option exists for an owner-financed sale where your child will be making monthly payments to you. This provides the benefit of not having to worry about a lender and avoiding interest rates on top of the payment. While this can be a great feeling as a parent to be able to help your child, it’s important to weigh the decision carefully to determine that your child will not default on the loan and it won’t be tiresome for you to act as the lender.

Keeping It In The Family

For most people, the home they live in has sentimental value, whether they’ve lived there for a few years or it’s been in the family for generations. That’s why it can be a great comfort for many to sell to a family member who will understand the house’s history and the family traditions. If the deal is going to put a strain on relationships, though, it may not be worth the well-being of the family to keep the home among the relatives.

It can be a comfort to sell a home to a family member and secure their well-being, but there can be financial hurdles involved that can have an adverse impact on the relationship. If you’re currently considering selling to a family member, contact your local real estate professional for more information.

Filed Under: Around The Home, Home Buyer Tips, Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

Location, Location, Location: How to Ensure You’re Buying a Home in the Right Community

June 20, 2017 by James Scott

Location, Location, Location: How to Ensure You're Buying a Home in the Right CommunityWhen investing in a home, one of the most important things is buying a place that you and your family can feel comfortable in. However, while a place you can envision yourself in is important, it’s not worth neglecting the neighborhood you’ll be moving into for the perfect home. If you’re wondering what you should be looking for in the neighborhood you choose, here are a few things to consider before making an offer on a home.

Is It Safe?

It may be common to feel bowled over by a home and want to invest immediately, but the right home in the wrong neighborhood may not be the best choice for many reasons. Part of feeling comfortable in your home is being safe among its streets, so ensure you research the neighborhood and its history, and check in on the crime rate. You may even want to consult with your agent or some local neighbors to see what information they can provide about the area’s history.

Are There Local Amenities?

If you’re used to getting in the car to run errands, it might not be a big deal to not have a grocery store or pharmacy nearby. However, if there are no amenities you use frequently close by, it can start to be a bit of a drain on your lifestyle. While you don’t necessarily need to have the trendiest restaurants or best shopping, it’s important to have a few choice places in case you run out of something and need to make a quick run to the store.

What’s Your Neighborhood Style?

It might seem like a strange thing to ask yourself, but the neighborhood you live in is going to become a big part of your life and that means you’ll have to see yourself in it. If you want neighbors you can trust and community-mindedness, you’ll want to seek out an area with these qualities. On the flip side, if you happen to prefer a busier urban atmosphere that offers more independence, this may be the way to go.

There are a lot of things that go into finding the right home, but it’s important not to forget about the neighborhood you’re living in and what it will mean for your lifestyle. If you’re currently looking into homes and are trying to determine an area that will work for you, contact your local real estate professionals for more information.

Filed Under: Around The Home, Home Buyer Tips, Home Seller Tips Tagged With: Buying A Home, Home Buyer Tips, Real Estate Tips

Spring Cleaning: 3 Weekend Cleaning Projects That Will Transform Your Home

June 15, 2017 by James Scott

Spring Cleaning: 3 Weekend Cleaning Projects That Will Transform Your HomeThe season of spring may be a time for blooming flowers and warmer weather, but it’s also synonymous with the idea of spring-cleaning. Whether you clean out your house every year or you haven’t seen the back of your closets in years, here are a few springtime projects that will instantly change your home – and clean up your life!

Clearing Up The Garage

There are few things that manage to attract excess stuff like the garage, and left over junk can be an even bigger problem in a 2-car space. Fortunately, spring can be a good time to get rid of the excess and really improve the look of your home from one of its main access points. By making a ‘throw away’, ‘give away’ and ‘keep’ pile, you’ll be able to whittle down the amount of stuff in your garage and find a new place for it when you’re done tidying up. It may be a bit of work, but it will be worth the effort.

Re-Envision The Living Room

For most families, the living room is the place where they spend a lot of time, and that can mean that it easily gets covered in a lot of paper and the furniture’s a little worse for wear. Take a weekend day to clear away the excess, vacuum the floors and wash the walls, and even change the layout for an instantly updated look. If you’re really invested in a renovation, you may even want to re-upholster a couch or armchair that’s seen better days.

Tackle The Yard

The yard may not be a room in your home, but it is one of the first things that will make an impression on visitors and passerby’s so it’s important to keep it looking good. It’s a good start if your yard is already clutter free, but spring is a good time to clear away the flower boxes and pluck the weeds, as well as cutting back any overgrown hedges. If you’re feeling really ambitious, you may even want to clean out your shed or renovate your patio for an improved exterior look.

Spring-cleaning may be a dreaded term, but it can be a good opportunity to clear away some of the stuff you haven’t used and instantly improve your home’s appearance. If you’re de-cluttering your home and are preparing to sell, contact your local real estate professional for more information.

Filed Under: Around The Home, Home Seller Tips Tagged With: Around the Home, Homeowner Tips, Upgrades and Renovations

Seller’s Remorse: How to Move on From Your Old Home Once You’ve Sold It

June 8, 2017 by James Scott

Seller's Remorse: How to Move on From Your Old Home Once You've Sold ItThere’s often so much enthusiasm that goes along with buying a home that the idea of leaving the old one behind is left in the dust. But, while you may love both your old home and your new home, it can be difficult to leave what’s old behind. If you’re struggling with adjusting to your new dwelling place, here are some tips for how to make it feel like it’s where you belong.

Purchase A New Piece

In all likelihood, you’ll be moving a lot of your old furniture into your new home, which means it will have all of the likely associations of your old home. While this isn’t necessarily a bad thing, it’s a good idea to do a bit of a refresh so it can feel truly different. Whether you decide on a new armchair or art piece, the choice is up to you, but make sure it’s something that will compliment your new place and make you happy to be there.

Leave No Box Unpacked

Packing and unpacking can be two of the most unpopular duties associated with moving, but getting to it right off the bat will ensure that you feel comfortable that much more quickly. Instead of leaving a bunch of boxes that you don’t know what to do within the garage or a hall closet, take the time to dig through them all and find a place for your items. The sooner your stuff is comfortable, the sooner you’ll be too!

Give Yourself Some Time

It may not be the most popular advice, but it’s going to take some time to adjust to your new home and that’s OK. Instead of being hard on yourself or regretting your choice, focus on the positive aspects of your home and allow yourself to get used to your new surroundings. It can be easy to forget why you bought your home if you happen to be feeling seller’s remorse, but in time it will be much easier to remember why made the purchase.

It can be difficult to leave an old home behind, but by taking the time to adjust to your new place and sprucing it up with an exciting new piece, you’ll be well on your way to making it your own. If you’re currently in the market for a new home, contact your local real estate professionals for more information.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Real Estate Tips, Selling A Home

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