Are you getting ready to list your home? Why not stage it before you open its doors to potential buyers? Homes that are staged often sell quicker than those that aren’t, especially in competitive markets. Whether you hire a professional stager or do it yourself, the following tips will help you show your home at its best.
Do you dream of being a homeowner one day? Although you may not be ready to buy now, there are four things you can do to prepare for when you are. From building your credit to saving for a down payment, you'll be prepared to spring when you’re ready to search for the right home. Read on to learn more.
Although we can't predict if and when an emergency or disaster situation will occur, we can prepare in the event that one takes place. Use the checklist below to help assemble your emergency kit to keep you and your family safe in the unfortunate event of an emergency.
The majority of buyers search the Internet as their first step in the home buying process. Whether they’re searching listings or using a mortgage calculator, one thing is clear: the Internet is a powerful source of information. Below is information to help you harness the power of the Internet in your home search.
Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I’ll be happy to follow up and take great care of them.
Saving for a down payment is a challenge for many first-time buyers. If this sounds like you or someone you know, it might be time to change your habits. The information below offer tips to help you change your habits and save more money.
Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I’ll be happy to follow up and take great care of them.
What will 2016 bring for the housing market? If the predictions are correct, this year will be great for real estate. This month, I’m sending you information about what should be a bright 2016 for homebuyers and sellers. Want to learn more about what this year’s real estate projections could mean for you? Give me a call! And remember, I’m never too busy for any of your referrals.
The holiday season is upon us—time for festive decorations, shopping, parties and general cheer. Make sure your pets stay safe during the busy holiday season with the following tips below. Forward this on to family and friends who have pets to ensure that they remain healthy and safe.
Learn something new while you’re on the go! Below are a few apps to help you improve your mind while you’re waiting in line at the grocery store, on a break at work or relaxing at home. Help your family and friends sharpen their cognitive skills by forwarding this information on to them.
It can be easy to get lost and confused during the home buying process. Proper planning is paramount. It’s also helpful to learn from other people’s mistakes. Here are some of the most common errors people make when shopping for a new home.
Not budgeting for everything: Yes, this sounds obvious, but many people forget about some of the costs of buying a home. There are added costs such as furniture and appliances, DIY projects, moving fees, or your first mortgage payment. This last one is especially important—setting a budget may help you determine how much you can comfortably afford to pay for your mortgage.
Neglecting your credit score: Your credit score will play a major role in the home buying process. This 3-digit number might be the thing that keeps you from your new home! Credit reports often contain errors or misinformation, so it’s important to retrieve your report ahead of time and fix any errors before sending it out to lenders. Looking at your credit reports may also give you a better idea of what interest rates you can expect so you can make room for them in your budget.
Trusting verbal agreements: A home seller can verbally accept your bid and still turn around and give it to someone else if a higher bidder comes along. So before you celebrate your new home, make sure you’ve signed paperwork!
Skipping the home inspection: You can’t expect the seller to tell you about all the potential problems you might face if you buy their home. There might even be issues with the house that the seller isn’t aware of, which is why it’s crucial to hire an inspector to take a look through the house. An inspector will examine the overall foundation and structural features of a house. It’s their job to find these areas of concern so that you don’t have to worry about them later on! (Tip: Don’t be too reliant on the inspector. You may catch these problems that they sometimes miss.)
Sweating the small things: Don’t like the color of a house or the wallpaper inside? Is there something about the kitchen that you just can’t stand? Don’t sweat the small things! Focus instead on the location and the overall structure of the house. Once you move in you can change the small things you don’t like and make your house a home!
If you avoid these mistakes and work closely with a CENTURY 21® Affiliated Sales Associate, you may just find the home you’ve been searching for!
Thinking of selling your home? The photos you include in the listing description can pique a buyer’s interest or prompt them to keep scrolling. Below are several tips to help you present your home in the best light and stage your home for listing photos. Forward this information to family and friends who are thinking of putting their homes on the market.
Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and business number. I’ll be happy to follow up and take great care of them.
Whatever the reason for attempting to sell solo might be, data from aNational Association of Realtors survey shows that less than 10 percent of FSBOs actually sell.
Top reasons why FSBOs fail in real estate
There are a lot of reasons why FSBOs fail and do not sell. Some of the top among these are:
1. Too many people to negotiate with
Those deciding to take the FSBO route often have to negotiate with many people. Some of them are likely to be:
Without the help of experienced real estate agents, dealing with so many different parties alone is often a tough task for homeowners.
2. Homeowners do not know how to prepare the home for sale
A majority of homeowners don’t know about the prelisting tasks that FSBOs should do before they list their home for sale. These usually include:
Because homes for sale by owners just have one chance to impress potential buyers, neglecting these home sale preparation tips often reduces the homeowners’ chances of selling the house.
3. Owners do not how to screen potential buyers
FSBOs often have no idea about the difference between prequalification and preapproval, and they don’t know that buyers should ideally be preapproved or at least prequalified.
No wonder they let unqualified buyers inspect the house and waste their precious time. Not knowing if a buyer has the ability to purchase the home acts as a big deterrent for homes for sale by owners.
4. Owners fail to solve buyer’s queries
Handling inquiries from buyers on their listings and coordinating showings for their homes are prerequisites for making a sale. However, many homeowners either aren’t able to handle such inquiries on their homes or don’t have the time for them.
Even organizing showings might become an uphill task at times. Because these days potential buyers and their agents want quick responses to their inquiries, they don’t think twice before moving on to the next potential property if their inquiries and requests are unanswered.
5. Owners don’t understand the concept of golden time
According to this concept, homeowners get the most money for their homes in the first week of putting the property on the market. The longer homes for sale by owners stay on the market, the less money people will be willing to offer for them.
If a buyer tries FSBO first and then hires an agent, the buyer would have already lost the “golden time” window. This will eliminate the buyers who have already viewed the home, might have offered unrealistically low prices and have already moved on.
6. Owners fail to understand the contract procedures
The contract to buy a home involves much more than just the price offered by the buyer. Also, real estate contracts have lots of timelines and clauses and involve several common contract contingencies, such as inspections and mortgages.
Many FSBOs don’t have a firm understanding of such contracts and might not know what they are agreeing to or how to negotiate particular parts of the contract.
7. FSBOs don’t know how to handle the home inspection findings
Home inspections almost always find some issues with houses even when they are relatively newer structures. In such cases, the buyer requests problems be fixed or corrected before moving forward with the transaction.
However, many FSBOs believe that there is nothing wrong with their home, which is why they refuse to address the issues brought forward by home inspections. As a result, the offer falls through.
8. FSBOs incorrectly price their homes
FSBOs often price their homes incorrectly due to lack of experience. They set the price too high, which hinders their chances of closing the deal.
9. FSBO homes lack exposure
Homes for sale by owners are often listed on a few websites, but there are many that don’t allow FSBOs to list their property. Thus, FSBOs are unable to give their homes adequate exposure in the market.
However, when buyers hire a real estate agent, the professional can give a property online exposure as well as exposure in the local real estate segment of the newspaper. The agent even has tools to extend the exposure further, which FSBOs don’t have.
10. FSBOs fail in the closing process
Even after an offer is accepted, many things still need to be done prior to the closing. For instance:
With so many things acting against FSBOs, it’s natural to find very few homes for sale by owners in the market.
Even though you don’t have a sprawling backyard, that doesn’t mean you can’t enjoy entertaining outdoors. Make the most of your petite patio and turn it into a pocket-sized paradise. Here are our tips for how to decorate small spaces for outdoor entertaining.
● Arrange furniture the right way: The best way to maximize space is to arrange your furniture around the perimeter of the deck or patio. Think twice before placing a table in the center, and instead give your guests plenty of room to stand or move around.
● Add extra seating with large pillows: Get a few extra spots for guests to sit without taking up too much space by throwing in some large floor pillows. They add an extra element of coziness, plus they’re easy to add or subtract.
● Use color wisely: Color can make all the difference when decorating, especially in such a small space. Keep things fresh and airy by sticking to a monochromatic palette in whites or grays. Or add a bit of fun by using colorful accents in eye-catching patterns.
● Be strategic when choosing furniture: Save space by investing in two-for-one pieces of furniture, such as nesting tables, storage ottomans and benches (which can also be used for seating), and folding tables and chairs.
● Bring on the plants: There may be plenty of foliage outside already, but use it strategically in your entertaining area. Plants are a simple way to liven things up and make your modest space feel like an exotic retreat.
● Hang up lights: Strings of bistro lights can instantly open up a small space. Plus, that warm glow will give things a cozier vibe.
Get ready for a summer full of outdoor entertaining!