Wednesday, March 29, 2017

How to Prepare Your Home to Sell in 10 Easy Steps


Every seller wants their home to sell fast and bring top dollar, but how can you achieve that?  It takes careful planning and knowing how to professionally spruce up your home that will send buyer scurrying for their checkbooks.  Here’s how to prep your home and turn it into an irresistible marketable home:

Disassociate Yourself with Your Home- Say to yourself “this is not my home it is a house.”  Make the mental decision to “let go” of your emotions to your home and focus on the fact that you will soon no longer own it.  Picture yourself handing over the keys to the new homeowners.  Say goodbye to every room and most important- don’t look backwards look forward to your new future.

De-Personalize- Pack up all of your personal photographs and family heirlooms.  Buyers will not see past your personal artifacts and will get distracted.  You want the buyer to imagine their own photos on the walls.

De-Clutter- You collect an amazing amount of junk throughout your time at your home so consider this: if you haven’t used it in over a year you probably don’t need it.

Rearrange Bedroom Closets and Kitchen Cabinets- Buyers love to snoop and will open all closets and cabinets.  Make sure all cabinets and closets are cleaned out and organized.  You do not want items to fall out on the buyer when they open a door.

Rent a Storage Unit- Almost every home shows better with less furniture.  Remove pieces from each room that blocks paths and walkways and put them in storage.  But leave enough furniture to make your rooms appear bigger.

 Remove or Replace Favorite Items- If you plan on taking your window coverings, appliances, or fixtures with you remove them now.  If the buyer never sees the items they won’t want it.

Make Minor Repairs- Replace cracked floor or counter tiles, patch holes in the wall, fix leaky faucets, fix doors that don’t close properly and kitchen drawers that jam, consider painting your walls neutral colors, replace lightbulbs, and consider buying new bedding for showings.

Make Your Home Sparkle- Wash all windows, pressure wash sidewalks and exterior, clean all cobwebs, recaulk tubs, showers, and mirrors, clean the fridge, vacuum daily, wax floors, dust furniture, ceiling fan blades and light fixtures, bleach dingy grout, replace rugs, hang new towels, and remove odors.

Scrutinize- Ask yourself if you would want to walk into your home, does it smell ok, will the buyer like my home, are my window coverings hanging correctly, does each room look good?

Check Curb Appeal- If a buyer won’t get out of their real estate agents car because of the exterior, you’ll never get anyone inside.  Make sure you keep sidewalks clean, mow lawn, paint faded window trim, plant flowers, trim bushes and make sure visitors can read your house number.

Wednesday, March 15, 2017

What are the 7 Steps to Selling a Home?




Deciding to sell your home to move to a different one can be exciting and scary at the same time.  There are many steps that go into selling your home and can be overwhelming at time but as your agent I am here to help you through the process!

Find Out How Much Your Home is Worth- The biggest mistake you can make is pricing your home too high.  The price of your home must be in line with sold homes identified in a comparative market analysis report.  Consider whether your market is hot, cold, or neutral and price according to the market temperature.

Get Your Home Ready to Sell- Prepare your home for sale by cleaning, decluttering and improving curb appeal.  Hire a professional stager to stage your home or ask me for help staging your home.  Make any necessary repairs your need to before putting it on the market.  Protect your privacy while your home is on the market.  If you are selling a home where pets live, make alternate plans for your pets.

Marketing and Showing Your Home- Your home will be identified by the sizzling selling points and displayed on different websites.  When your home is ready to show, a lockbox will be placed on your door and appointments will be made to show your home.  A open house will also get scheduled and you will be notified.

Receive Purchase Offers and Negotiate- When a potential buyer shows interest in your home they will submit a written offer.  If the offer is low you can negotiate by issuing a counter offer.  You may want to consider making a counter offer contingent on buying a home if the market conditions warrant it.  Don’t be afraid to make a full-price counter offer if you are priced competitively.

Open Escrow and Order Title- Once the offer is accepted your home will go into escrow and an order will be placed for a title policy.  A date will also be selected for your home to be closed based on when the buyers loan will be funded.  The buyer will also send an earnest deposit.

Home Inspection and List of Repairs- A home inspection will be conducted.  During the home inspection the inspector will complete a checklist and will complete a report that will be provided to you and the buyer.  The buyer will then negotiate what repairs they want done and submit them.  If you as the seller do not agree to repair items the buyer is asking, it could cancel the sale.  You may also credit the cost that will be applied towards the buyers closing costs.

 Sign Title and Escrow Documents- Before the closing date, you will sign all appropriate documents at the title company to transfer the information into the buyers name.  Once these documents are signed and payment is received from the buyer, your home purchase will be complete.

Wednesday, March 1, 2017

What are the 10 Steps to Buying a Home?


Buying a home requires a lot of time and effort into finding the perfect one that fits your family’s needs.  With these 10 steps, it will make it more manageable and help your decisions become a reality.

Start your Research Early- Start researching new homes in the area you would like to live as soon as you can.  Make a note of the homes you would like to see and determine how long they have been on the market.  Also, note any change in asking price.

Determine How Much House You can Afford- Generally lenders recommend that your home costs no more than three to five times your annual income if you plan to put down 20% and have a moderate amount of debt. 

Get Prequalified and Preapproved for Credit for Your Mortgage- Before you can start looking at homes, you need to determine how much you can actually afford and what you feel comfortable spending.  To get qualified you just need to provide some financial information to your mortgage banker such as your income and the amount of savings and investments you have. Once you have provided this information to your lender, they will inform you with how much they can lend you.  This will tell you the price range of homes you should be looking at.  Later you can get preapproved for credit which includes more financial documents.

Find the Right Real Estate Agent- Real estate agents provide you with helpful information on homes and neighborhoods that isn’t easily accessible to the public.  Our knowledge of the home buying process, negotiating skills and familiarity with the area you want to live in can be extremely valuable.

Shop for Your Home and Make an Offer- Start by touring homes in your price range, take notes at each house you tour to compare later.  It will be hard to remember each house in detail if you do not take notes or pictures.  When you are touring homes, make sure you check out little details such as: testing the plumbing, trying the electrical system, open/close the window.  Evaluate the neighborhood and make a note of such things: are the homes well maintained, how much traffic is in the area, is there enough street parking for your gusts, and is it conveniently located near your places of interest.  It’s also important to take your time and find the right home.  Once you find the right home, work with your agent to negotiate a fair offer based on the value of comparable homes in the neighborhood.  When the price is agreed upon the home will go into escrow which is the period of time it takes to complete all of the remaining steps.

Get a Home Inspection- Home purchase offers are contingent on a home inspection of the property to check for signs of structural damage or things that need to be fixed.  Your real estate agent will help you arrange to have one conducted within a few days of your offer being accepted.  Once the inspection is completed the seller and the buyer will receive a report on the findings.  You then decide if you want to ask the seller to fix anything on the property before closing the sale.  Before the sale closes, you will have a walk-through of the house which gives you the chance to confirm that all agreed-upon repairs have been made.

Work with a Mortgage Banker to Select Your Loan- Lenders have a wide range of competitively priced loan programs and a reputation for exceptional customer service.  You will have many questions when you are purchasing a home, and have an experience, responsive mortgage bankers assist you can make it much easier. Every buyer has their own priorities when choosing a mortgage.  Some are interested in the monthly payments to be as low as possible while others are interested in making sure their monthly payments never increase.  Your lender will help you choose which is best for you.

Have the Home Appraised- Lenders will arrange for an appraiser to provide an independent estimate of the value of the house you are buying.  The appraiser is a member of a third party company and is not directly associated with the lender.  The appraisal will let all parties know that you are paying a fair price for the home.

Coordinate the Paperwork- There is a lot of paperwork involved in buying a house.  Your lender will arrange for a title company to handle all of the paperwork and make sure that the seller is the rightful owner of the house you are buying

Close the Sale-At closing, you will sign all of the paperwork required to complete the purchase including all of your loan documents.  It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender.  Once the check is delivered to the seller you are ready to move in!