4 Reasons Your Home May Not Be Selling

4 Reasons Your Home May Not Be Selling

Selling your home isn’t always an easy task. There are many variables that go into a successful transaction, and most are usually in the control of those directly handling the home. Here are 4 reasons why your home may not be selling. The Smell of Your Home The old adage is, “If you can smell it, you can’t sell it”. Potential buyers walk into homes and a strange or unwelcoming smell can push the buyer out of that house a lot faster.  Pets are a part of our families but the smell can ruin a buyers feeling on the home. Scented candles and air fresheners go along way in changing the way a home feels to those looking. The Home May Need Some TLC Repairs are usually seen by buyers as a burden, and many don’t look to take them on. We all want the most for the least, and potential home buyers are no different. Looking to get the most for your home will sometimes require you to make the necessary repairs to warrant that amount. Small fixtures, updates, and cleaning can go along way. Presentation is all wrong The first place your home is seen is typically online in a quick flip through on a phone and computer. . With that being said, what will make the buyer want to take the time to see your property? Professional photography and staging in some cases can go a really long way in making your home stand out. Secondly, listing the immediate benefits of the home (location, size, proximity to areas of interest) may peak the interest and lead...

5 Easy Home Upgrades To Get Your Home Sold Faster

With the current market as busy as it is, putting yourself in the best position as a seller is vital. Selling your home for the highest amount possible, and in the fastest time is every seller’s goal. So what does it take to achieve that? Price is always the determining factor in your home selling and how fast it sells. What are some other things you can do to get that home sold for more money and faster? Here are 5 helpful tips in making it happen: Neutral paint Paint goes along way in the appearance and presentation of  the home. When buyers walk in, the more neutral the colors, the warmer and appealing the home is. Light Blue or gray seem to be the most popular of the colors at the current time, as that’s what you see on a lot of HGTV programs. Homes with walls that are painted light blue or a pale blue-gray color could bring in as much as $5,440 more than if the home had white walls, according to Zillow’s Paint Color Analysis of more than 32,000 photos of homes sold nationwide. Knobs and fixtures This may be one of the cheapest and effective things that can be done, changing hardware and fixtures all throughout the house. Changing the hardware on the cabinets, drawers, and handles in your kitchen with a stainless or brushed nickel look can drastically change the appearance. While you’re at it, getting matching plumbing fixtures can fully compliment the new look. When it comes to bathrooms, these simple things can go even further, as a vanity change can alter the...
Which Mortgage Product Is Right For You?

Which Mortgage Product Is Right For You?

When buying a home, at any level your first step is getting pre approval for a mortgage. There are several different types of mortgages that allow flexibility to the borrower and fit each scenario a little differently. Here are a few scenarios buyer present and the best type of loan for each: “I want the lowest monthly payment possible” You best bet will be to go with a conventional loan with 20% down. Being that you’re putting that much down, you will not have a PMI (Private Mortgage Insurance which is a fee for any loan in which you didn’t put down at least 20%) in your monthly mortgage. You will also likely have instant equity, being that you owe likely 80% of the value of the home. “I cant afford 20% down, but want a lower payment” Conventional is still available without 20% down. You can go 5%,10%, or sometimes even 15% down. You will still have PMI, but you will also avoid putting down and extra 5-15% percent of the home down at closing. This is a great loan option to keep the loan lower by putting a good amount of money down. “I don’t have much money for down payment but have excellent credit and great job” The best option in this scenario would possibly be a 100% financing loan. This is where you borrow the loan to purchase the home and a second small loan to pay for what would’ve been your down payment. While you are borrowing more, your interest rate is usually the lowest possible on the market at that time. Its really...
5 Reasons Why You Should List Your Home To Sell Now

5 Reasons Why You Should List Your Home To Sell Now

The common time for sellers to list their homes is the Spring. The reasoning is pretty clear with the nicer weather and longer daylight hours. The question is, is that more beneficial than listing now as opposed to waiting a few mote months? Here are my top 5 reasons why we need to sit and speak about listing your home now. Low Inventory Being a Realtor that helps a lot of buyers find homes, I see the lack of inventory we have. Being that we have that lack, the supply and demand principle comes into play. Correctly priced homes in good condition aren’t lasting, as buyers are moving quickly due to the lack of choices. More importantly, do you really want to wait until the rest of the sellers come and create more competition? Urgency In Buyers Buying and moving into a home in the dead of winter isn’t fun, so a family that is looking to do so is motivated. The showings this time of year are more likely to be somebody serious and ready to make the move. Being at the beginning of the year, many companies also transfer employees at this time of year so that is another factor to create the urgency. Lower Price Points Move Faster  In Greater Hartford, the lower price points where first time buyers are located move very fast. If its move in ready and priced well, you may have multiple offers within the first few days on the market. The lower the home is priced, the more buyers will be able to buy which creates that traffic. New Administration There...
7 Things That Will Scare A Buyer Away From Buying Your Home

7 Things That Will Scare A Buyer Away From Buying Your Home

When one buys a home, they usually want the most for the least. Whether its the first time buyer that maybe cant afford to do the repairs, or somebody just looking for the best value, buyers are usually inclined to select the turn key property. As a seller, once you list your home, you’re entering into a competition. What about your house is gonna make the buyer choose yours? What value do you give the buyer that makes them not want to look at anything else after yours. A good buyers agent will showcase those things and let their clients know which home is the best investment. Here are 7 things that will likely scare a buyer away. Aged or Damaged Roof One of the biggest repairs and upgrades is the roof. On average a roof can be at least about $6000 to replace (depending on size of the home). Roof issues are responsible for about 40% of the insurance claims in the US. Typical lifespan on a roof is between 21-30 years. Damaged or Missing Gutters Gutters and downspouts are critical in keeping water away from pooling up around the house. Water pooling up can cause major foundation issues and water seepage into the basement and causing further damage. Old Windows and Doors Windows are another major expense that can cost you money monthly in heating and cooling costs. Broken windows may also stop a buyer from buying the house due to financing rules. Window replacement can bring 50%-80% return on your investment. Old and Outdated Appliances Most buyers usually replace their appliances anyways, but old and outdated...
The 5 Pillars Of Buying An Investment Property

The 5 Pillars Of Buying An Investment Property

Real estate is usually the surest and best way to become wealthy in America. Its all around us and the need is always there. Those that have learned and are learning this understand that the first investment property is usually residential of some type. Here are the 5 key things to focus when buying an investment property. Financing (Down payment and interest rates) Funds to purchase the property is usually the first thing that should be determined and factored in. There are a few different avenues one can take, in purchasing. You can buy your first home as an owner occupant (2-units) and put down up to about 3.5% of the purchase price down. You will usually have to live there for about a year, being its a owner occupant. If you’re looking to buy more than 4 units, you’re likely looking at anywhere from 20%-25% down. Interest rates are higher for non owner occupant loans, so that is something you want to discuss with your loan officer. Decide if you’re looking to rent or flip the property Buying and holding versus buying to flip are two separate strategies. Flipping a house will cost you more upfront money to get the home sell-able and ready for the market. Getting your initial investment back on a buy-hold will take a little longer but you’re starting to build equity and a portfolio. Renting the property for income is the smarter route for a beginner until they fully learn the ins and outs of the flipping business. Understand where you’re buying Knowing what is selling and renting in the area is vital for...

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