Collins & Demac Real Estate

Posted by Collins & Demac Real Estate on 8/3/2017

There are countless reasons a homeowner might want to sell their home and buy another. Some want to move for a change of scenery or to relocate for work. Others are parents with a recently empty nest who want to downsize to something more affordable that meets their needs.

The good news for second time homebuyers is that you already have an idea of what to expect when buying a home. The research, paperwork, disappointments, and delays that come with buying a home can all be prepared for. However, if you have the burden of selling your old home, finding a temporary place to live, and then moving into a new one, your responsibilities can be doubled or tripled.

In this guide, we’ll go over how to prepare for selling your old home and moving into the new one. We’ll cover some common mistakes and offer some advice to keep you sane throughout this daunting (but exciting!) process.

Buying or selling first

For most homeowners, selling first makes the most sense financially. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home.

Depending on market conditions, your home may or may not sell for as much as you were hoping. It’s important to keep this in mind before signing onto a new mortgage.

Moving logistics

Once you sell your home, you’ll have to work out living and storage arrangements until you are ready to move into your new home. It may seem easy at first--just rent for a couple months until your move-in date, right? It isn’t always that simple, however, as deals can sometimes fall through and you can find yourself with a move-out date from your own home without having finalized a deal on your new home. Because of this, many homeowners elect to may their current mortgage for an extra month or two until they can move in to their new home. 

Research your options for short-term living and storage in your area. See if you can work with moving companies who will give you a discount for helping you move twice; once to the storage facility and again to your new home.

One way around this is to time your move out and move-in dates so that you don’t have to worry about storage. Some homebuyers will even move into the new home before officially closing on the home (i.e., take possession before closing). While this may be convenient, it can also be dangerous for the buyer and the seller.

Plan meticulously

One of the best piece of advice we can give is to stick to your schedule and keep good records during your buying and selling processes. Make sure whoever buys your home is aware of your plans for moving out and that anything that could delay those plans (inspection issues, moving logistics) are taken care of.  

Keeping track of all this information can be difficult, so don’t be afraid to keep a daily list or planner of the things you need to take care of, and never be afraid to reach out to your real estate agent who will often be able to advise you on the best way to make your move as smooth a process as possible.

Posted by Collins & Demac Real Estate on 7/27/2017

For first-time home sellers, promoting a residence to the right groups of homebuyers may prove to be a major challenge. Lucky for you, we're here to help first-time home sellers streamline the process of showcasing a house to prospective buyers and accelerating the property selling journey.

What does it take to promote a house effectively? Here are three tips to help first-time home sellers do just that.

1. Understand Your Home's Strengths and Weaknesses

A first-time home seller should evaluate a house's interior and exterior closely. By doing so, this property seller can identify any potential problem areas and work to address such issues accordingly.

Typically, a home appraisal offers a great starting point for home sellers. This appraisal ensures a property inspector can assess a house both inside and out and offer expert insights into a residence's strengths and weaknesses.

After a home appraisal is completed, a home seller can use the appraisal report findings to prioritize assorted home improvements. That way, a home seller can commit the necessary time and resources to transform various home weaknesses into strengths.

2. Improve Your House's Curb Appeal

It is paramount for a first-time home seller to consider the homebuyer's perspective. In fact, doing so may make it easy for a home seller to uncover ways to bolster a residence's curb appeal.

Consider what homebuyers will see when they view a house for the first time. This will enable a home seller to identify potential issues and work to resolve such problems without delay.

For example, a home with long, uncut grass or chipped paint on the exterior may be an eye sore. As a result, homebuyers might shy away from this residence after they see it for the first time.

On the other hand, a house with a pristine front lawn and a dazzling exterior may make a great first impression on homebuyers. This means a homebuyer probably will view this house in a positive light – something that may lead a property buyer to submit an offer.

3. Collaborate with a Real Estate Agent

When it comes to promoting a house, there may be no better option than hiring a real estate agent. Together, a real estate agent and a first-time home seller should have no trouble promoting a residence to the right homebuyers, at the right time, every time.

A real estate agent will teach a home seller about the housing market and help him or her plan ahead for any potential home selling pitfalls. Plus, this housing market professional will provide honest, unbiased home selling recommendations to ensure a home seller can maximize the value of his or her residence.

Perhaps best of all, a real estate agent will assist a home seller in any way possible. And if a home seller ever has housing market questions, a real estate agent will respond to these queries immediately.

Take the guesswork out of promoting your residence to homebuyers – use these tips, and a first-time home seller can stir up interest in his or her residence as soon as it becomes available.

Categories: Uncategorized  

Posted by Collins & Demac Real Estate on 1/19/2017

Preparing to add your home to the real estate market? You'll need to price it accordingly to generate significant interest in your residence and accelerate the sales process. Finding the right price for your house, however, might make you feel like you're walking a tightrope. Of course, you'll want to maximize the value of your home. But at the same time, you'll want to ensure that you can avoid the dangers of asking too much or too little for your residence as well. So what does it take to price your residence effectively? Here are three factors you need to consider:

  1. Competition
Take a look at the prices of similar homes in your area that are currently listed on the real estate market. By doing so, you will be better equipped to determine the right price for your home. Active listings are accessible here on my website and can help you minimize guesswork during the pricing process. This information offers substantial value, as it gives you a glimpse into the current state of the real estate market in your area and where it may be headed. Also, you should examine past home sales data. This information can help you identify home pricing trends over the course of several months or years. It is essential to use home pricing and sales data to gain a leg up on your rivals. However, this information should serve merely as a starting point to help you get a better idea about what your home may be worth in today's real estate market. And ultimately, you should feel comfortable with your home's price, regardless of whether this price matches or varies from similar residences that are available.
  1. Homebuyers
How would a homebuyer view your house? Considering the buyer's perspective before you list your home is paramount, as this enables you to take a critical look at your residence's strengths and weaknesses and price your home appropriately. For example, if you recently revamped your home's kitchen, you can highlight your first-rate kitchen to homebuyers. This feature may help your home garner interest from large groups of buyers. Thus, it may be a good idea to consider the total cost of your kitchen renovations when your price your residence. Comparatively, a home that needs a lot of work, aka "a fixer-upper," may require a discounted price. You can market your residence as a fixer-upper to set the expectation that your house boasts a below-average price but may require significant repairs. Therefore, if you establish realistic expectations for a fixer-upper, you will be better prepared to garner attention from the right homebuyers consistently.
  1. The Real Estate Landscape
The real estate market constantly evolves, and those who study market trends can set the right price for their home at the right time. In a seller's market, you may be able to offer a higher price due to a limited supply of quality residences. On the other hand, in a buyer's market, you may need to set a below-average price to draw attention from homebuyers who can choose from a wide range of top-notch residences. Studying the real estate market can help you become an informed seller. As a result, you'll be able to determine the ideal price for your residence and improve your chances of speeding up the sales process.

Posted by Collins & Demac Real Estate on 8/11/2016

Nothing beats the warm, inviting feeling that you get when you enter your kitchen. However, failure to keep your kitchen clean can impact the quality of your kitchen. This ultimately can make a big difference in how homebuyers perceive your kitchen, along with whether they decide to submit an offer for your home. Fortunately, there are many simple ways to keep your kitchen looking great day after day, including: 1. Use baking soda to clean your tile floors. Your tile floors were beautiful after they were installed. But since that time, they've become dirty, grimy and tough to clean. But we have a surefire solution to help you revamp your kitchen's tile floor – baking soda and water. The combination of baking soda and water serves as a wonderful tile floor cleaner that is easy to apply with a mop. And within minutes of using it, you may notice that your kitchen's tile floor looks as good as new. 2. Eliminate wall splatters. Over the years, you've prepared a wide range of meals in your kitchen – everything from spaghetti and meatballs to sloppy joes. Unfortunately, not every dish has been an instant success. And as such, there have been many splashes of various ingredients that have landed on your kitchen's ceiling, floors and walls. Eliminating wall splatters may seem impossible at first. Luckily, there are numerous viable options to help you remove them without delay. For stains on painted walls, you may want to use a wet cloth or paper towel. The combination of a wet cloth or paper towel and tough scrubbing will allow you to eliminate stains on painted walls immediately. Comparatively, oily stains may require water and dishwashing soap. This mix is powerful and will ensure that you can remove cooking grease and other oily stains. 3. Disinfect the garbage disposal. Your kitchen's garbage disposal has served you well, but bad garbage disposal odors may persist if you're not careful. On the other hand, home sellers who focus on keeping their kitchen's garbage disposal clean can avoid such odors altogether. Looking for a great way to clean your kitchen's garbage disposal? Using a mix of vinegar, water and ice cubes can help you clean and deodorize your kitchen's garbage disposal quickly and effortlessly. Dedicate the necessary time and resources to disinfect your kitchen's garbage disposal, and you can guarantee that this disposal remains clean and performs consistently. 4. Wipe out the refrigerator. In many cases, home sellers may include a refrigerator in a home sale. As such, you'll want to keep this refrigerator looking and performing great. Wiping out your refrigerator and removing expired items regularly is essential. By doing so, you can remove the risk of bad odors from escalating in your kitchen. Of course, don't forget to keep an open box of baking soda in your refrigerator, too. This box should be changed periodically and will provide a fresh scent any time you open your refrigerator door. Keep your kitchen clean, and by doing so, you may be able to boost your chances of a quick home sale.

Posted by Collins & Demac Real Estate on 3/3/2016

Puppy and kitten and guinea pigDid you know that pets can significantly reduce your home's value?  Homebuyers are hesitant to buy a home with pets because they are weary of odors and damage. If you are a pet owner here are some tips to ensure you get the highest final sale price for your home: 1. Start outside. The outside of your home is the first impression, it is the first thing a potential buyer sees. Fill and holes in the yard that have been dug by pets. Make sure to walk the yard and pick up any pet waste. 2. Check the woodwork. Pets have a habit of chewing. Go through your home and look for any damage. Check the floor trim, the threshold of your doors, and the corners of doors and cabinets. Also don't forget to check carpet, window ledges and screens, especially if you have cats. Hardwood floors can also get scratched by pets too. You may need refinish your floors if they have pet scratches. 3. Check the carpet. Carpets are usually best replaced rather than repaired. It is almost impossible to remove pet odor from carpet. If the carpet has been chewed or frayed from scratching it can likely be stretched and re-tacked by a professional. 4. Look for stains. There can be stains on carpet, flooring, drywall, and trim. Make sure to repair or replace any items that are stained before a buyer sees them. 5. Address odors. You may not even notice pet odors in your home but they will be very obvious to buyers. Ask someone else to give you an honest opinion of pet odors in your home.  Make sure to vacuum daily and open windows if you can. It's not just accidents that cause bad odors. Your pet's hair, dander and sweat also create odors. 6. Clean your furniture. Even though the buyer is looking at the house, if your furniture is stained or ruined buyers will still devalue your home. 7. Keep the pets away. If possible remove pets from your home when showing it. You could board them, or have a friend keep your pets while you're showing your home. If that is not possible make sure to buy pet crates to keep them locked up and out of the way.