Selling a Home?

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20 Tips for Selling Your Home -- Click Here to Read the Tips

Table of Contents
  • Make the Most of that First Impression
  • Invest a Few Hours for Future Dividends
  • Check Faucets and Bulbs
  • Don’t Shut Out a Sale
  • Think Safety
  • Make Room for Space
  • Consider Your Closets
  • Make Your Bathroom Sparkle
  • Create Dream Bedrooms
  • Open up in the Daytime
  • Lighten up at Night
  • Avoid Crowd Scenes
  • Watch Your Pets
  • Think Volume
  • Relax
  • Don't Apologize
  • Keep a Low Profile
  • Don't Turn Your Home into a Second-Hand Store
  • Defer to Experience
  • Help Your Agent
  • Sellers Tips
    Selling Your Home
    The More You Know: Top 4 Tips for Home Sellers Tip 1: In strong markets, where demand outstrips supply, home sellers can hold out for top dollar. In weak markets the reverse is true—there are many homes on the market and unless you price your home very competitively you'll be very unlikely to attract any buyers. Whatever the current market conditions you will be most likely to get the highest possible price if you are willing to take the time to understand each of the components of a successful home sales campaign so you can assure that you, or a real estate service provider who may be assisting you, are doing everything possible to maximize the effectiveness of the home marketing effort. Tip 2: A good time to sell is during a period of low mortgage interest rates, because with lower interest rates more buyers will be qualified to buy your home. Low rates benefit buyers and sellers alike, and if you plan to purchase another home after selling yours, you will be both a seller and a buyer. A “sellers market”, where there are more buyers than homes available for sale, is also helpful. However, if you plan to purchase another home in the same area after selling yours, this competitive advantage will work against you when you become a buyer. The same principle applies in reverse to buyers markets, so if you plan to purchase another home in the same area after selling yours, it really makes little difference in the end whether it’s a buyers or a sellers market. Tip 3: Shine Your Apple. Make your home look as nice as it can look. Have a presale yard sale and get rid of as much clutter as possible. Keep only a minimal amount of furniture in each room – it will make the room look bigger. Store any extra furniture. Clean up and repaint with neutral colors if necessary. Open blinds and replace light bulbs with brighter substitutes. If important parts of your home are outdated consider cost effective updates. If your kitchen or bath is old or in bad shape a prudent remodel can often return over 100% of the investment and help you sell the home faster. But don’t over improve. There’s not much point in adding a fourth bathroom to a home that is already worth more than most of the others in the neighborhood. Tip 4: Study. More money hangs in the balance in the selling of your home than in most financial transactions in your life. It therefore makes sense to learn as much as you can about selling your home. There are many excellent books on the subject in libraries and bookstores. The real estate sections of local newspapers are great sources of information about your local marketplace. The difference between understanding the process as well as your local market, versus not understanding it, can be many thousands of dollars in the eventual selling price. Courtesy of the American Homeowners Foundation and the American Homeowners Grassroots Alliance, www.AmericanHomeowners Rismedia
    Movers - US Postal Service Guide
    This handy guide will take you quickly and easily through the tedious process of organizing your move. (Provided by the US Postal Service web site)
    Short Sales
    Understanding Short Sales By Keith Loria No matter where you turn these days, short sales are still a hot topic. However, if you’re in the process of looking for a new place to call home, the term ‘short sale’ shouldn’t scare you off. In today’s market especially, pursuing a short sale can be a unique competitive advantage. In its simplest definition, a short sale is when a home is sold for less than what is owed and the bank forgives the excess debt. Although this was once considered taboo by banks, with the housing climate that exists today, many lenders will gladly go this route rather than having the homeowner join the tens of thousands who have let their house fall into foreclosure. A home that is listed as a short sale is more likely to be kept up, as the seller still wants to get as much money as they can and attract buyers to the home. But beware. If there are improvements that need to be made to the home, even if they are necessary to get a loan, it is often unlikely that they’ll get done. According to Irvine-based data tracker RealtyTrac, in the first quarter of 2012, short sales grew 25 percent from a year earlier, hitting a three-year high in the process. In fact, short sales seem to be turning into the preferred method for many lenders. Owners unloaded 109,521 homes during the first three months of the year for less than what they owed on the mortgage. Unlike in a foreclosure, the bank does not own the property in a short sale. However, because the bank must approve the sale, it will seem like the buyer is purchasing the property from the bank. The entire short sale process hinges on the hope that the bank will approve the sale, take the loss and eliminate the costly process of foreclosing, clearing, and reselling a home. A short sale can often take longer than a traditional sale because of the documentation required and the sign-off needed by the lender, so make sure to work with an agent who has experience in short sales and can help expedite your transaction and protect your interests. By checking recent home sales in the area to get a better idea of which properties are selling, your agent can work with you to come up with an appropriate price that will more likely be approved by the bank. Even though banks lose money when it comes to short sales, lenders almost always lose more when they foreclose on a property, making short sales a practical option in today’s market. With so much inventory on the market from foreclosures, it could take years before the bank sees any money. One important thing to keep in mind is that with a short sale, there is no leniency with the closing escrow date and a buyer must close on time. Because of this, it is important to take care of all loan paperwork immediately after opening escrow. For more information about short sales, contact our office today. RISMedia
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