Navy Fellas Realty Group

Real Estate, Residential sales and purchase

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

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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.

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

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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.

Spring Staging Tips: Using Your Lawn and Flower Beds to Boost Your Curb Appeal

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Spring Staging Tips: Using Your Lawn and Flower Beds to Boost Your Curb AppealEvery open house involves so much cleanup and de-cluttering that it’s often easy to forget about the first thing your guest will see when they arrive; the exterior! Instead of foregoing the first impression, here are some tips for fixing up your yard and all of its vegetation so you can make a positive impression on potential homebuyers.

Get Out The Pruning Shears

There are few things that will wreck the overall look of your home like an overgrown shrub or an unruly patch of bushes, so instead of letting nature take its course, do some scaling back. While you’ll want to make sure you retain the natural look of the shrubs and bushes in your yard, make sure to focus on any overgrown areas or branches sticking out so your property will look well maintained and respectable.

Mow The Lawn

It may seem like common sense to get out the lawnmower and the edger for some basic lawn maintenance, but since it’s a rather sizeable task it can catch many people off guard. There’s no way around it so make sure you pick a good time weather-wise to cut the grass right before your open house. You’ll also want to edge around your sidewalks and driveway for a picture-perfect look that will enhance the impression your home makes.

Plant Some Perennials

A tidy yard and pruned trees will certainly improve the look of your home on the outside, but picking out a few flowers and cleaning up your flower beds can make it look even more inviting. While gardening can take up more than a little time, planting a few flowers or purchasing a few pots can go a long way towards adding that extra touch.

Keep It Clutter Free

Like anything to do with an open house, it’s all well and good to have a bunch of great design features and details, but if there’s clutter, potential buyers won’t see anything! If you’ll be putting your home up for sale soon, ensure your yard is as clean as it can be with gardening tools placed in the shed and any toys packed away for later use.

It takes a lot to prepare your home for an open house, but ensure you don’t forget about your yard because it’s one of the first things your visitors will see! If you’re getting prepared to put your home on the market, contact your real estate professionals for more information.

To Paint or Not to Paint Before Selling Your Home, That Is the Question. Here Are Some Answers!

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To Paint or Not to Paint Before Selling Your Home, That Is the Question. Here Are Some Answers!If you’re planning some renovations before you sell your home, you’re probably trying to determine what will boost its value best so you can get out the money you’re putting in. Pulling out the paint for some touch-ups may be one of the most common things you’ll hear about, but before taking on such a sizeable job, it’s worth considering the needs of your home and what you’ll have the ability to do before it goes on the market.

The State Of Your Paint

To brighten a room and instantly improve the look of a space, there few things that will do the trick like paint. Often times, a poor paint job will be one of the first things potential buyers notice when they visit your home, whether the color is dull or there are cracks showing. If your home’s paint job is neither impressive nor out-of-date, you may not want to take on such a big project. However, if these issues will negatively impact your home sale, it may be worth the effort.

What Is Your Timeline?

There are a number of easy home fix-ups that can improve your home, but painting is one of few things that can take a lot of time. It’s unlikely you’ll want to shell out for a professional painter if you’ve already decided on a renovations budget, but if you don’t have the time you may want to decide on a few problematic areas to paint. If the bathroom or the kitchen happens to look weathered, focus on those areas instead of taking on the whole house.

What Buyers Will Change

When potential homebuyers are looking at your home, they’ll not only be thinking about what they love, they’ll be considering what they want to upgrade down the road. Unfortunately, painting is not one of the projects that buyers will want to spend time on as soon as they move in. While it may not be worth their time to move into a house that needs to be painted right away, it just might be worth yours to get out the roller.

There are a number of home renovations that can improve your home’s value, but painting may be a necessity if your walls are dull and showing signs of age. If you’re currently preparing to put your home on the market, contact your local real estate professional for more information.

4 Dated Design Features to Get Rid of Before Listing Your Home for Sale

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4 Dated Design Features to Get Rid of Before Listing Your Home for SaleMost homeowners get used to a certain aesthetic in their own home that they’re comfortable with, but if you’re putting your home on the market it may be time to get rid of some of the old familiarities. While it won’t be worth your time or money to renovate everything, here are a few design-style duds that you may want to update before you decide to sell.

Oversized Bathtubs or Jacuzzis

It may be very appealing for most people to find an oversized tub in their hotel room, but when it comes to the home you live in, big tubs have made their exit. While a tub can certainly allow a person to stretch out in comfort, gone are the days of big homes and large bathrooms. Instead of a sizeable tub, you’ll want a bathroom space that you can maximize.

Tiled Counter Tops

The concept of kitchen tiles may look great in a magazine, but when it comes to the real deal tile can be a huge drawback. Despite your best efforts, it’s quite likely the grout will need to be replaced and will provide an unclean appearance over time. Instead of leaving the tile behind, you may want to stick with a solid surface like marble so there will be no issues with cleanliness or damage.

Too Bright Colors

An accent wall or brightly hued design feature may have made a comeback in recent years, but the popularity of colorful pieces has died away in recent years. Instead of the kind of feature that will turn off potential homebuyers, opt for neutral tones so that homebuyers can imagine themselves in your place without the necessity for renovations.

Bulky Furniture Pieces

Much like the oversized tub in the bathroom, the boxy piece of furniture in your living room may be comfortable, but it’s not the best when it comes to selling your home. Instead of having a huge piece of furniture command the attention of your entire room, choose smaller pieces that will offer comfort but still provide a positive impression to potential buyers.

Design trends can change a lot over the years, but by being aware of how styles are evolving you can be on the cutting edge of selling your home in style. If you’re currently making some small renovations and are preparing to sell your home, contact your trusted real estate professional for more information.

Yes, It’s True! Why Replacing Your Front Door Can Help to Sell Your Home Faster

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Yes, It's True! Why Replacing Your Front Door Can Help to Sell Your Home FasterThere are plenty of things that you’ll need to shape up when you embark on selling your home, whether it’s painting the house or the minor fix-ups, but it’s easy to forget about some items that will be readily apparent to homebuyers. If you’re preparing to put your home on the market and are wondering what you shouldn’t miss, here are a few reasons why replacing your front door should be at the top of the list.

It’s The First Thing Buyers Will Notice

While the yard and the exterior of your home may be the most noticeable things to a potential homebuyer when they visit your home, the door will be one of the most imposing things they come across. Because this will be the access point for your home, the quality and stability of your door will create the first impression, good or bad. If you happen to have a flimsy or poorly designed door that is aging, it may be time to invest in something more substantial that will create a positive impression.

A Sense Of Safety

An aesthetically appealing door may be pretty important when it comes to making an instant impression, but a solid door will be key in providing potential buyers with an idea of safety and stability. One of the most important things for homebuyers when it comes to purchasing a home is the sense of security it provides, and a sturdy door will go a long way towards making your community and the potential new dwelling feel like a welcome abode.

Increases Your Home’s Value

There are plenty of small renovations you can take on that will bump up the value of your home, but replacing an unsound door is important because most homeowners won’t to make this upgrade right away. While it may seem like buying a door will be a significant splurge, there are actually many great options for a relatively economical price. It’s just important to find something that won’t break the bank and will fit in with your renovation budget.

When it comes times to sell your home, there are many renovations that can instantly bump up its value. However, many people forget that the door provides one of the first impressions and a sense of security and comfort. If you’re currently preparing to put your home on the market, contact one of our real estate professionals for more information.

Today’s Home Seller Needs a Real Estate Agent More Than Ever — and Here’s Why

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Today's Home Seller Needs a Real Estate Agent More Than Ever -- and Here's WhyMany home sellers attempt to get into the real estate market on their own without consulting the counsel of an experienced real estate agent. However, while having an agent will certainly cost you a percentage of your home sale, it can get you a lot more in the end for a lot less headache. If you’re currently considering going agentless, here are some reasons you may want to get an expert involved.

They Have Neighborhood Knowledge

It’s easy enough to look through the MLS listings and get and good sense of what a home in your neighborhood is worth, but a good real estate agent will already know your area and be able to make a better assessment based on this. Not only will they be able to determine what you can sell your home for in the real estate market you’re heading into, they’ll be able to provide the appropriate price so it won’t sit on the market too long.

Home-Marketing Savvy

With social media sites like Facebook and Twitter, it’s never been easier to sell your home online. However, a real estate agent will be able to determine the best social media strategy for you and decide how best to invest their energy in order to reach the kind of homebuyers you’re looking for. Beyond making a website and a home video, they’ll also be able to leverage their presence online to attract other interested parties who might not have found your home otherwise.

Doing The Tough Negotiating

One of the toughest parts of any real estate transaction is the negotiating, and it goes without saying that having an experienced agent along to seal the deal can be more than a little comforting. While it’s all well and good if the home inspection was positive and you got your asking price, the right agent can be instrumental in providing the right advice and price in case there are counter-offers. It’s just important to do the research so you can find the right agent for you.

Many homeowners like the idea of navigating the real estate market on their own, but an experienced agent can make the process of selling your home a lot easier and more profitable at the end of the day. If you’re currently getting prepared to put your home on the market, contact your trusted real estate professional for more information.

3 Bedroom Staging Tips That Will Get Potential Buyers Excited About Your Home

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3 Bedroom Staging Tips That Will Get Potential Buyers Excited About Your HomeArranging an open house is one of the most important parts of selling your home, but there can be a lot of tricks involved in staging it so you’ll get the right offers. While the kitchen and the living room may be a bit more straightforward, here are some tips for staging your bedroom that will be sure to get buyers interested in making an offer on your home.

Brighten The Bedding

It’s one thing to have makeshift bedding when you only have your family to impress, but when it comes to having an open house, you’ll need to be prepared to make a statement. Instead of a mish-mash of colors and styles, ensure that you have one style and one look you’re going for, and ensure that it’s not cluttered with too many pillows and colors. You’ll also want to make sure the colors you choose match the rest of the décor in your room so the viewer isn’t distracted by the sight.

Minimize The Clutter

Few things will swallow the space in your bedroom like a lot of clutter, so it’s important to clear out any extras from your room before you have any viewers. While it’s a given that you’ll want to get rid of extra papers and anything additional that’s obstructing the eye, it’s also important to clear out any oversized pieces of furniture. It’s possible that you have a chaise lounge you’re in love with, but if it swallows the room, you may want to re-consider it when staging time comes.

Don’t Forget About The Walls

There are few things that will illuminate a room like a good piece of art, so ensure that your favorite space isn’t entirely empty when it comes the time to stage your home. While you won’t want to have something that’s too dramatic or colorful, ensure that it’s something that matches the color and style of your room and will help to illuminate the elements that make it ideal. It’s also important to choose the right size of print so that it doesn’t completely overwhelm your space.

There are a lot of small details that go into staging a home properly, but you can be sure to show your bedroom effectively by keeping it clutter free and making it match. If you’re currently getting prepared to put your home up for sale, contact your trusted real estate professional for more information.

Three Ugly, Dated Design Features That You Need to Get Rid of Before You Sell Your Home

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Three Ugly, Dated Design Features That You Need to Get Rid of Before You Sell Your HomeThere are a lot of inexpensive renovations that can easily improve the value of your home, but you might not be aware of dated features that are working against you and aging its look. If you’re ready to put your home on the market and are wondering what types of design will downgrade your home’s appeal, here are a few things you may want to consider upgrading or discarding before planning your first open house.

Bright Accent Walls

While brightly colored paint can certainly enhance a room if it’s done in the right home and the right space, it can also age the room it’s in. If you’ve got a neon tone that’s overstayed its welcome, you may want to pull out the paint and go back to a neutral-toned wall. This will ensure that visitors to your home are not overwhelmed by the look and won’t have to consider renovating right away if they don’t like the color.

Lightly-Shaded Wood CabinetsIt’s one thing if you’re in a log cabin, but most potential homebuyers don’t want to see old kitchen cabinets that are lightly toned like maple and oak. This color palette can instantly age a kitchen and they’re also not that easy an upgrade. A kitchen is one of the most important selling features of your home, so instead of leaving this to chance, consider pulling out the paint for an instantly improved cabinet finish.

Clunky Furniture Pieces

The furniture that fills your home may be one of the easiest fixes there is, but it also has a significant impact on how homebuyers will view the potential of your home. A large L-shaped couch or a clunky chair can not only swallow up a room, they can create an unpleasant visual for the buyer. In these modern times, it’s best to stick with a more minimal look so that homebuyers can imagine themselves in your house. If you can’t cover up your item, you may want to consider moving it out when it comes time for home viewings.

There are many design features and items in your home that you may love, but when it comes to oversized furniture and bright accent walls, they may not appeal to the modern buyer. If you’re currently cleaning up your home and are planning to put it on the market soon, contact your local real estate professional for more information.

5 Tips for Crafting a Counter-offer That Doesn’t Scare Away a Potential Home Buyer

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5 Tips for Crafting a Counter-offer That Doesn't Scare Away a Potential Home BuyerIf you’ve recently put your home up for sale, one of the most exciting parts of the selling process is getting an offer. However, all is not said and done once you’ve received an offer, as you’ll probably want to negotiate a better price. If you’re wondering how you can counter without losing a potential buyer, here are some tips when the time comes to negotiate.

Lower Your Price (A Little)

As a seller, it’s important to believe in the price you’ve put your home on the market for, but lowering your asking price after getting an offer will tell the potential buyer that you’re flexible. While you may not want to compromise too much, you’ll have to move a bit to keep them interested.

Pay For Closing Costs

There are so many costs involved in home ownership that many people are tired of all the associated fees of buying a home by the time it comes to closing. Instead of budging on your price, offering to pay for the closing costs can serve as a significant financial benefit for many buyers.

Hold Off On Offers

It can be a risky strategy, but choosing a specific day to consider offers can create a healthy competition for your home, and may stimulate interest without losing potential buyers. While you’ll want to be careful how you navigate this, it can work out well when it comes to bumping up the offers.

Provide An Expiration Date

Most counter-offers come with a timeframe that will allow those interested to accept the deal; however, consider adjusting this period to a timeframe that will work better for you. While you shouldn’t wait too long, a period of more than one day will tell the potential buyer that you want your home to be the right choice for them.

Be Reliable And Responsive

For an interested homebuyer, there’s nothing worse than having a home-seller that is not responsive to their offer. Instead of sitting on an offer too long, ensure you’re letting interested parties know that you’re considering their offer and will get back to them as soon as you’ve made a decision.

The art of negotiating can be complicated when it comes to selling your home, but by being responsive and showing flexibility, you may be able to get the offer you’re looking for. If you’re currently getting prepared to buy a new home, contact your trusted real estate professional for more information.