What Keeps Buyers From Finding Their Next Home

Buying a home is like searching for a mate. You’ll go on many first dates and in the end, the one that has most, but maybe not all of the characteristics that you want, will win your heart.

However, first-time buyers and sometimes even serial homebuyers are disappointed by how long the process takes. Yet they may not understand how their expectations, beliefs, and lack of action may be causing the delay in finding the right home.

Here are five pitfalls that buyers can fall into that cause them to let the right home slip by.

Seeing a home “as-is”. I don’t mean that buyers should not view homes on the market that are listed for sale “as-is”; rather I mean not being able to see beyond the “as-is” home. In other words, some buyers walk into a home and are immediately turned off by something as simple as the color of paint which can be easily changed, or maybe it’s the carpet or wallpaper. Regardless, when buyers see the home “as-is” without the ability to envision it differently, they do themselves a huge disservice and fall into a pitfall of thinking that the home is not right simply because of the condition they are currently seeing it in.

Not working with an expert agent. Buyers can weed through the paper and click around the Web looking for open houses and listings but a quality agent can help identify the best-suited properties much faster. An expert agent also often knows about other listings that are about to come on the market and would not be in the paper or on the Web yet. It’s worth it to spend time interviewing agents to find the right one who can help you find the right home. If you fall into the pitfall of trying to do everything on your own, you’re likely going to miss seeing some of the houses that might offer the best match for your wants and needs.

Letting the important things slide. We’ve all done this when making an expensive purchase. We compromise on something that is important simply because it’s less expensive. Later we regret it. Whether it’s a new car, new house, or flat screen TV, when you’re making large purchases, you need to know which things are important and non-negotiable and then stick to that list. Of course, there may be some small, less important things that you’ll compromise on, but if you compromise on something big that is important to you, you’re likely going to be disappointed down the road.

There is a reason you were searching for a three-bedroom home. So, for instance, when you fall in love with that quaint, cozy two-bedroom home, remember that you had specific reasons for needing an additional bedroom. If you’ve clearly defined your living needs and wants before you begin house hunting, you’ll have guidelines to keep you on track.

You might find that the smaller home has a secondary unit on the property and, while it’s not a third bedroom, it will suit your needs. So, yes, be flexible and think of the possibilities, but do remember your list of what you originally deemed important. The tendency is to get caught up in the moment, either because a home is so charming or because it appears to be such a good deal that you start to say, “Well, I can make-do without that.” Maybe you can…but you’d better be certain before you close escrow.

Living strictly in the moment. Most of the time I write about practicing living in the moment because so many of us lead hectic lives. But when you’re buying a home, you’d better be thinking about the future. What’s good for you today will likely need to be good for you for many years to come. So, do your homework to find the right home. Work with your agent to find out how the neighborhood is changing. What future plans are there for the community? Pay attention to the congestion of an area and to the types of retail shops and restaurants that are coming into the community…then compare that to your future plans. You can’t always know what lies ahead but many times you can see what types of projects have been proposed for undeveloped land in the area.

Skipping an inspection. I’ve written a lot about this one. Inspections are critical. They’re the equivalent of taking a car you want to buy to your car repair shop for a look before you buy. Just like you don’t want to end up with a lemon for a car, you don’t want a home that has too many and too costly repairs needed. Inspections give you a “health” check of the home. They let you know what you’re in for should you buy the home. You’ll be glad you have a report to help validate your reasons for wanting to purchase this home over others.

Avoiding these pitfalls will help you more quickly find the right home and the right investment for your future.

Written by Realty Times Staff

Source: http://realtytimes.com/consumeradvice/buyersadvice/item/1006598-20171103-what-keeps-buyers-from-finding-their-next-home?rtmpage=

November 10, 2017   No Comments

Solutions To Saving Money On Your Next Move

Solutions To Saving Money On Your Next Move Solutions To Saving Money On Your Next Move

Buying a house and moving in is gonna cost you. There’s no way around it. Right? Well, actually, there may just be a way to make it not quite so painful. A willingness to negotiate and put in a little work plus a little inside info on special deals you can take advantage of can help you cut some costs. Here are eight ways to save money on your move and move in.

1. Don’t take it all with you

Furniture you’re no longer in love with or appliances like washers and dryers or the fridge you have in the garage can be a pain to move. You can potentially save money (and time and hassle) by including them in your home sale. First-time buyers or someone moving from out of state may appreciate your old stuff far more than you, and you don’t have to pay to haul it to your next place.

2. Leave the flat screen

If you have a mounted flat screen TV that’s at least a few years old, consider leaving it behind too. The cost of taking it down and repairing the wall behind it plus the care involved in moving it might not be worth it. Flat-screen technology is always improving while costs are coming down, so it’s a good excuse to buy something bigger and better without spending a lot.

3. Negotiate everything

If you’ve been looking for a house or have bought one before, you’re probably already aware of closing costs. But you might not be aware of how much you can negotiate with your lender.

“Shop around before choosing a mortgage lender, but don’t stop there,” said Bankrate. “When you receive your good faith estimate of closing costs, or GFE, the negotiation hasn’t ended.” This itemized list of estimated closing costs includes lender’s fees as well as items such as appraisal charges and title insurance premiums.

“The lender or broker charges some fees, and third parties charge others. The first step is to find out which are loan origination fees and which are third-party fees. Don’t guess. Ask the lender or broker.”

Bankrate advises that while “some items are non-negotiable: taxes, city and county stamps, recording fees, prorated interest and reserves,” negotiating on others that can “be waived or reduced” can save you money.”

4. Barter for services

Need a handyman and have appliances or furniture you’re getting rid of? You just might be able to make a deal. Ask around for referrals and then introduce a barter system into the equation during your first conversation. You might be surprised what you can get for what you’ve already got.

5. Move Smart

Once you’re out of college, or maybe out of your first post-college apartment, thinking about renting a U-Haul and moving yourself (or with a few good friends) seems less than desirable. But if you’re willing to sweat a little (ok, a lot) you can save a bundle. Just remember two important things to entice and thank your friends: Pizza. And beer.

If you don’t want to do the whole thing on your own, think of ways you can save by doing a hybrid move:

Do the packing and unpacking yourself
Have everything on one floor. Stairs can add considerably to the cost of a move.
Pare down. Maybe you don’t need to bring all that stuff with you. Selling it will earn you a few bucks and save you a few more.

6. Consider moving and storage hybrid options

A company like PODS or U-Pack might be a solution for you if you need self storage wrapped into your move. Essentially, the company drops off a mobile storage unit at your house and you pack it up yourself. They then pick it up and move it for you. You can tack on storage at the end if needed, making this a particularly good solution for those who have time between their move out and their move in. This type of move can cost up to 35 percent less than traditional movers, but keep in mind you will be doing the labor – just not the driving.

7. Take advantage of special offers

Move-in offers for cable, Internet, and phone service can save you a lot of money. But they often come with a catch that could cost you down the line. Look out for special limited-time offers – one-year or six-month specials that expire, leaving you with much higher rates after the introductory period.

8. Don’t rush the renos

Chances are, after you move in, you’re going to start receiving all kinds of junk mail asking if you want to refi, redo your lawn, and apply for 72 different credit cards. In what seems like an endless pile of junk mail will be some special offers for new homebuyers, but they might not arrive for a month or more. Look out for coupons from handymen, companies selling flooring and window coverings, home furnishing companies like Bed Bath and Beyond and World Market, and offers from landscapers with discounts for new clients. If you’re planning to shop, renovate, or do some work on your interior or exterior, taking advantage of a few of these offers can help shave down the cost.

 

Written by Jaymi Naciri

Source: http://realtytimes.com/consumeradvice/sellersadvice/item/1006741-20171108-solutions-to-saving-money-on-your-next-move?rtmpage=

November 9, 2017   No Comments

Why Sell Now Instead of Later? The Buyers are Out Now

Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently releaseddata suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for an item will be realized when the supply of that item is low and the demand for that item is high. Let’s see how this applies to the current residential real estate market.

SUPPLY

It is no secret that the supply of homes for sale has been far below the number needed for over a year. A normal market requires six months of housing inventory to meet the demand. The latest report from the National Association of Realtors (NAR) revealed that there is currently only a 4.2-month supply.

Supply is currently very low!!

DEMAND

A report that was just released tells us that demand is very strong. The most recent Foot Traffic Report (which sheds light on the number of buyers out looking at homes) disclosed that there are more buyers right now than at any other time in the last twelve months. This includes more buyers looking at homes right now than at any time during last year’s spring market.

Demand is currently very high!! 

Bottom Line

Waiting until the spring to list your house for sale made sense in the past. This year is different. The best deal is probably available right now.

Written by : KCM Crew

Source: https://www.keepingcurrentmatters.com/2017/11/02/why-sell-now-instead-of-later-the-buyers-are-out-now/

 

November 9, 2017   No Comments

Tips For Getting Your Home Sold In The Winter

So you’ve decided to list your home this winter. Perhaps you’ve had a job change, need to relocate out of the area, or have financial or family reasons for moving. No matter what is driving the move, you may be concerned about selling at this time of year. But just because you missed the boat on the spring selling season doesn’t mean you can’t get your home sold quickly, and for a profit. A few tips can help get it moving.

Take photos early… or late

If you can take photos before the trees become barren and the grass goes dormant, do so! The last thing you want is for your home to look blah and depressing in photos. If you can capture a snowy day (with perfectly scraped walkways, of course), that works, too. It never hurts to have your home looking like a winter wonderland.

Go easy on the holiday décor

“Deck the halls, but don’t go overboard,” said HGTV. “Homes often look their best during the holidays, but sellers should be careful not to overdo it on the decor. Adornments that are too large or too many can crowd your home and distract buyers. Also, avoid offending buyers by opting for general fall and winter decorations rather than items with religious themes.”

Always mind your curb appeal

Just because it’s winter doesn’t mean you can let things slide out front. Potential buyers won’t give you a pass on chipping paint, a fence that needs repair, or a front door that’s seen better days just because it’s frigid outside.

Safety matters

Shoveling the walk from the street to your home is necessary to make it reachable, make it inviting, and also make it safe. The last thing you want is a slip and fall that could result in an injury, and a lawsuit. “Continually shovel a path through the snow, especially if snowflakes are still falling,” said the balance. “Footprints on freshly fallen snow will turn to ice if the temperature is low enough, so scrape the walk. Sprinkle a layer of sand over the sidewalk and steps to ensure your buyers’ stable footing. Remember to open a path from the street to the sidewalk so visitors aren’t forced to crawl over snowdrifts.”

Get a good indoor mat

Perhaps you never use a mat for indoors or yours is grubby or tattered from 10 straight years of winter wear. This one super easy move may not be noticed by visitors – but it sure will if it’s missing or not in good shape. Little things like a $10 mat can give buyers the impression that your whole house is well cared for, or just the opposite.

Clear the front door clutter

If you live in a climate where there is likely to be snow or rain, there are a few more steps you’ll probably have to take in order to keep your house looking great inside. How does your coat closet look? If it’s stuffed with jackets, scarves, boots, and gloves, relocating some to make room for potential buyers to put their stuff away while touring your home is a good idea – plus, a tidy coat closet gives the impression that there is plenty of storage space in the home. It goes without saying that winter wear and shoes that tend to stack up in the entry should be banished while your house is on the market.

Make sure everything is functional

Imagine you live in a climate that stays relatively temperate year-round, and then you have a cold spell. You turn on the heater for the first time the night before your first showing, and…nothing. Same for the fireplace in the living room. Your freezing cold house is probably not going to make a great impression on buyers. As soon as you decide you’re going to sell your home, go through it room by room, checking all major appliances and home functions and looking for little things that may escape notice on an everyday basis – cracked light switches, chipped baseboards, light bulbs that need to be replaced – so your home is perfect for showings.

Light it up

Shorter days with earlier sunsets limit the amount of natural light in your home. Turning on all the lights before showings is more important than ever. Think about the exterior when it comes to lights, too. If you only have a porch light, you might want to consider adding some landscaping lighting, which will help accentuate your outdoor space.

Listen to your REALTOR® when it comes to price

Will you be able to command top dollar for your home and get the same price you would have had you listed in spring or summer? That depends on so many things, including your neighborhood, the available inventory, the condition of the home, and, of course, your listing price. A trusted real estate agent will take all mitigating factors into consideration and use comparables in your area to develop a pricing strategy.

When it comes to offers, remember this tidbit from Realtor.com: “Just because your home’s on the market during the slow, chilly months doesn’t mean you have to accept a lowball offer. If you make your home attractive in all the right ways, qualified buyers will come.”

 

Written by Jaymi Naciri

Source: http://realtytimes.com/consumeradvice/sellersadvice/item/1006358-20171026-tips-for-getting-your-home-sold-in-the-winter?rtmpage=

October 31, 2017   No Comments

DIY Fall Decor Tricks

Who says you have to spend big bucks to give your home some fall flair? All you need is a little creativity. If you also have a few basic art or crafting items at home, you may not need to spend any money at all!

This fun craft is something the whole family can do. Even little kids can help pick out leaves and other items and place them on the pumpkins. This is a no-carve craft; all you need to stick your stuff down is Mod Podge.

These more fanciful versions were made with leftover party napkins and glitter. Note that you can decoupage a real or craft pumpkin.


diynetwork.com
You don’t need super DIY skills to create a warm welcome this season. For this great-looking wreath, you don’t even need a wreath form! Just go grab a wire hanger from your closet.


doityourselfdivas.com
If you don’t live in an area where you can readily find pinecones or or don’t want to go foraging through nature, try using felt instead. The bonus: you can choose any color you want!


nestofposies-blog.com
Or, pick up a simple dropcloth to make this neutral, chic wreath that will certainly get noticed.


womansday.com
The great thing about faux, carvable pumpkins is that you can use them to create gorgeous centerpieces without worrying about the pumpkin going bad. We love this mix of florals, leaves, and filler. The best news is that you can cover and store it, and then take it out again next year!


countryliving.com
There’s a reason pinecones show up so often in fall décor. Not only do they exude the bounty of the season, but they’re also: free, or at least inexpensive if you don’t live in an area where they fall from trees; and, they can be used in so many ways to create inviting décor. This centerpiece couldn’t be easier, with a hurricane in the center of the big wooden bowl, surrounded by pinecones and mini pumpkins. You could also choose to just use the pumpkins, an array of mini gourds, or acorns. When it gets closer to the holiday, add in cranberries.


countryliving.com
Your kids are going to love helping you make this one. “Faux leaves become pretty lightweight bowls with just a little DIY time,” said Midwest Living. “Blow up a balloon (the larger the balloon, the larger your bowl will be) and rest in in a bowl. Cover the top of the balloon and the top sides of leaves with decoupage medium. Gently layer the leaves face down on the balloon, forming a bowl shape. Brush more decoupage medium on the backs of the leaves. Let dry, then poke a hole in the balloon and discard balloon.?


http://www.midwestliving.com
Another fun way to use acorns will yield pretty, sparkly finishes that look great displayed through the holidays.


http://www.goodhousekeeping.com
We love being able to use unconventional materials to create something special, and these mason jar lids fit the bill. Simply fasten them together and add any accoutrement you wish.


http://www.stylemotivation.com
This great vase is actually a recycled oatmeal container wrapped in rope. p>


sparkandchemistry.com
Written by Jaymi Naciri
Source: http://realtytimes.com/consumeradvice/homeownersadvice/item/1006218-20171023-diy-fall-decor-tricks?rtmpage=

October 24, 2017   No Comments