Friday, February 12, 2010

Are you ready?

I will market your home in ways that many other agents, simply do not do. You will find that your home has more exposure than you ever thought possible. Take a look at this home, how long do you think it will be on the market?


Come and enjoy the privacy and wide open views this custom built, 4BR, 3.5BA Ranch home has to offer. Main level of the home offers a LR w/tall cathedral ceiling, stone fireplace, access to spacious rear deck along with open entry into the huge eat-in kitchen space w/newly added ceramic tile floor, tons of upgraded lighting, Kohler sink & cherry cabinets. DR w/tray ceiling, main floor laundry and PR. MBR suite w/double walk-in closets & full bath w/large bay window, American Standard whirlpool tub & separate glass front shower. Massive daylight walk-out LL features a 4th BR w/private full BA, FR (26x22) w/wet bar & 2nd kit option. This level could be perfect for in-laws, guests space, private office or just bonus living space for the family! Plus additional unfinished space offering a storage room and workshop (25x17) w/outside entry to newly added paver patio. 3 zone propane heat, 2-car garage w/double 7 high doors & the 2.5 acre lot feels like triple that with all the open space around you Welcome Home!

When you are tired of playing around with selling your home, and are ready to actually sell it, contact me! Homes of PA



Thursday, February 11, 2010

It's time to step up to the plate.

If you are trying to sell your home yourself, and are having no luck, then it's obviously time to change strategies. I will take your home, and promote it as if it were my own. I know what it takes to sell your home, I have one of the highest averages in the business.

Just take a look at this home that I had the pleasure of selling recently.


Spacious three bedroom, two and a half bathroom Carriage home in the Charlestown Hunt community! Hardwood floors in the wide open entry foyer lead to the ding room with double chair rail and crown molding, large eat-in Kitchen w/pantry and access to rear deck


When you are ready to take the next step, contact me!
Homes of PA

Wednesday, February 10, 2010

Sometimes a home comes along that just seems to sell itself.

If your home, isn't one of those homes, I can help! When you hire me as your agent, I will promote your home in ways that you have only dreamed of. Just take this home for example!



Best location in the cul-de-sac for this 4BR, 2.5BA Springbrook gem backing to township open space and beautiful walking trails. Brand new driveway leads into this wonderfully updated home featuring living room and dining room with newly added hardwood floors, sun-filled family room addition w/Anderson windows, brand new wall to wall carpet and double French doors to spacious 2-level deck rear deck (main area of deck is 24x17) overlooking large side and back yards.


LET ME HELP YOU!
Homes of PA

Tuesday, February 9, 2010

Yet another home sold!

Is this what you envision when you think of how you would like for your home to be presented? I will sell your home, and even help you find your new home!
Homes Of PA


Prime location for this three bedroom, two and a half bathroom McElroy Contemporary home, located on a quiet cul-de-sac in the heart of Tredyffrin Township. Come take a look at the lush .71 acre wooded views this southern exposure gem has to offer. The wide open floor plan along with the large glass windows and doors offer a ton of natural light to pour into every room.

Monday, February 8, 2010

Just another example

The following is another example of just what I do for my clients When you are ready, I will make your home look and sound simply amazing. I will sell your home for you!
Homes of PA




Wait till you see all the recent work in this move in condition Greystone townhome including: New red oak hardwood floors, all new carpet, new vinyl windows, new roof, five new skylights, new driveway, new kitchen appliances including 5 burner ceran top stove with steam clean technology, Whirlpool dishwasher, kitchen vinyl floor, all switch plates, cable and outlets replaced plus home just painted. The basement is even plumbed for future bathroom. Kitchen has Corian counters and floor to ceiling mirror in the sunny breakfast room with two skylights. Living room features a brick fireplace and dining room has three skylights. Relax in the Jacuzzi tub in the master bathroom. Welcome home.

Friday, February 5, 2010

Should You Rent Out Your Home or Sell It?

FOUR MONTHS AGO, Darleen Burbridge, a 41-year-old hotel office manager from Staten Island, N.Y., was laid off. Now, after fruitlessly pounding the pavement for the past few months, she's decided to relocate to Florida. She figures that Florida offers better job opportunities in the hotel industry, a more affordable standard of living and — let's face it — better weather.

But one question remains: Should she sell her two-family suburban home or rent it out?

"I don't know what's better financially," she says. "Should I sell and take the profit and run? What if I go to Florida, hate it and come back? I won't have a house. I've heard horror stories about people who sell their home when they move, then come back and can't even afford an apartment." In her case, the stakes are high: The home she bought just three years ago for $235,000 is now worth an estimated $425,000. Selling now will lock in her sizeable gains, but could price her out of the market if she returns in a year or two.

Burbridge's situation isn't unique. As many as 5,373 Americans move every day, according to the U.S. Census Bureau. And these days, given the weak labor market, many are moving to find jobs. According to a survey by the career Web site Monster.com, almost half of U.S. job seekers were willing to reallocate for employment.
Of course, in most cases, moving means selling one's home — after all, it's usually a necessary step in affording a new home. But for various reasons some people choose to rent out their homes instead. In some instances, people know that they'll be leaving only for a year or two — perhaps while they pursue a graduate degree or take on a specific project at work. Sometimes the would-be seller simply can't sell at a price deemed acceptable, so he or she chooses to hang on until the market picks up. A more likely scenario these days, however, is that the owner wants to hang on while property values continue to soar. Others just want to keep their old home until they're confident they won't be coming back.

Whatever the reason, it's important to have a healthy grasp of the financial issues at play when weighing this decision. Here's what you need to consider.

The Tax Issues When You Sell

As you probably know, Uncle Sam provides a generous tax break for those who've lived in their home for at least two of the past five years. Married couples who file jointly can earn up to $500,000 in capital gains tax-free, while singles can enjoy $250,000 in tax-free gains.

Good news: Those who are planning on renting out their home for just a year or two will still be eligible for these breaks (provided they've lived in their home for at least two of the past five years). Should they sell more than three years later, however, they forego the tax exemption, meaning their gain would be taxed as a capital gain. (Thanks to the Bush tax cut, long-term capital gains are now taxed at a maximum rate of 15%.) "Once you start renting, the clock starts ticking on these two out of five years," says Robert Weinberg, a certified public accountant (CPA) in Orange County, Calif.

Consequently, for those whose renting plans would turn a tax-free gain into a taxable one, the general advice is to sell. "The rule of thumb is, if you have a large gain on your personal residence, you don't want to rent it out," says Benjamin Tobias, a CPA and president of Tobias Financial Advisors in Fort Lauderdale, Fla. "You never want to take a house that you're not going to have to pay tax on and convert it into rental property and pay tax on the gain. That's insane. It's like taking money and throwing it in the garbage can." One solution to this problem: If you're willing to move back into the house and live there for two years before you sell, you'll requalify for the exemption.

The Tax Issues When You Rent Out

Becoming a landlord also offers some handsome tax perks. While rental income is taxed as ordinary income, your tax bill could easily be eliminated thanks to the numerous deductions on expenses and depreciation. There is, however, one major exception: If you eventually sell the house and qualify for the capital-gains tax exemption discussed earlier, you'll be taxed on the amount you depreciate, which could make renting out your home considerably less attractive.

Let's talk expenses first. You can deduct pretty much any out-of-pocket expenses related to owning and managing the property, Weinberg says. This includes your mortgage interest payments and property taxes (same as if this were your primary residence). It also includes other expenses, including advertising or broker fees, the costs of repairs to the property, maintenance expenses such as cleaning services, utilities and management company fees, the cost of fire and liability insurance, and even travel and local transportation expenses incurred for the maintenance of the property and collection of rent.

Then there's the "phantom deduction" called depreciation. Just divide the fair market value of the property at the time you start renting it out (excluding the cost of land) by its recovery period — which is 27.5 years for residential rental property. Bingo! There's your annual depreciation. For example, if the home is worth $550,000, you divide that by 27.5 and get a $20,000 annual deduction. "The depreciation deduction will cover a lot of the [rental] income you're receiving, so it's a nice tax shelter," says Jeff Callahan, a CPA with Bederson & Co. in West Orange, N.J. "If you have another $10,000 in out-of-pocket expenses, which are also deductible, you can get $30,000 in rent tax-free," he says.
Improvements can't be deducted, but you recover their cost by depreciation. The good news is, you typically depreciate the cost of any appliances, carpeting, furniture or plumbing over only five years, says CPA Weinberg. So if you bought a new $1,000 dishwasher for your rental, you can deduct $200 a year from your rental income for five years. (This is pretty complicated stuff, so be sure to talk with a CPA before you file your 2003 returns.)

Can You Afford to Rent?

For many homeowners, renting out a home is simply not a viable option; they need to sell in order to raise the capital necessary to buy their next home. And owning two homes requires deep cash reserves, says Karl Romero, a certified financial planner (CFP) with LPL Financial Services in Santa Ana, Calif. "What kind of discretionary income do you have to carry the home when you don't have a renter for a while?" he asks. What if a tenant skips one or two months of rent — will you be able to make the mortgage payments anyway? Uncertainties like these could be risky for a moderate-income family, he says.

There's also the risk that a tenant could damage your property or cause problems that lead to an expensive eviction process. Frighteningly, an eviction could cost you anywhere from $2,000 to $5,000 and could last as long as 18 months, during which time the tenant is likely to refuse to pay rent, says Janet Portman, a Berkeley, Calif.-based lawyer with expertise in residential and commercial leasing. So you need to be financially prepared for the worst.

Is the House Likely to Appreciate?

If you expect prices in your area to soar markedly over a three-year time span, you may want to rent it out, says Tobias. But keep in mind that, historically speaking, real estate tends to appreciate at the rate of inflation (roughly 3% annually), so even if property values have risen in your neighborhood during the past few years, that doesn't mean they'll continue to do so.

Look at the house as an investment and think of it as part of your overall portfolio. Ask yourself: Are you diversified enough? If the majority of your net worth would be tied up in your two houses, you need more diversification, and you could be better off selling the house and investing the profit, Tobias says.

Is It a Hot Rental Market or a Hot Sales Market?

Sometimes the market is better for sellers than for landlords, notes Barbara Steinmetz, a CFP and real-estate broker in Burlingame, Calif. Call your local board of realtors or a real-estate agent and have them appraise the house — get the numbers for the rental and the number for the sale, she says. Generally speaking, it will make sense to rent the house out only if it's in a relatively stable market and the income from rent will cover your mortgage and other related expenses.

Do You Ever Plan to Come Back to the Same Area?

If you want to return to the same area years from now, you could be priced out of the market if you sell your house. It would therefore make sense to rent it out.
Strangers in Your Home

For Steinmetz, one of the most important issues is how you feel about the property. If you're very attached to it, then you might "feel like [the tenants] are invading your space," she says. "It's very hard to rent out a home and come back to it to find out someone has trashed it." This may be especially true if you leave your furniture behind. "You have to take off the personal hat and remember this is now a business," she says.

Are You Cut Out to Be a Landlord?

Becoming a landlord isn't for the faint of heart, Steinmetz says. "What happens if a pipe breaks out and you're out of state?" she asks. Being an absentee landlord is impossibly difficult unless you have someone to oversee the property. If you're willing to part with 10% of the monthly rent, you could hire a property-management company to do it. Depending on your agreement, it could take care of everything related to the property — from putting it on the market and screening your tenants to collecting rent, maintaining the property and even taking care of your mortgage.

Should you decide to seek the services of a management company, go through your local chapter of the National Association for Residential Property Managers, which represents managers of single-family homes, or your city's Apartment Owners Association if you own an apartment.

source: www.smartmoney.com

For more information, and tips on selling your home, download your complimentary copy of my book, "EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"

Thursday, February 4, 2010

Getting the House Ready to Sell

Windows and Doors

Check all of your windows to make sure they open and close easily. If not, a spray of WD40 often helps. Make sure there are no cracked or broken windowpanes. If there are, replace them before you begin showing your home.

Do the same things with the doors – make sure they open and close properly, without creaking. If they do, a shot of WD40 on the hinges usually makes the creak go away. Be sure the doorknobs turn easily, and that they are cleaned and polished to look sharp. As buyers go from room to room, someone opens each door and you want to do everything necessary to create a positive impression.

Odor Control

For those who smoke, you might want to minimize smoking indoors while trying to sell your home. Actually, it is best to move smoking outside. You could also purchase an ozone spray that helps to remove odors without creating a masking odor.

Apologies to pet owners, but pets come with odors. You may have become used to them, but they are immediately noticeable to those with more finely tuned olfactory senses.
For those with cats, be sure to empty kitty litter boxes daily and use plenty of baking soda. For dog owners, keep the dog outdoors as much as possible, even those adorable lovable little dogs. You might also try sprinkling carpet freshener on the carpet on a periodic basis.




source: real estate abc


For more information, and tips on selling your home, download your complimentary copy of my book, "EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"

Wednesday, February 3, 2010

When Your Selling Price is too High, Beware!

Meeting With Realtors

So you’ve decided to sell your home and have a fairly good idea of what you think it is worth. Being a sensible home seller, you schedule appointments with three local listing agents who’ve been hanging stuff on your front doorknob for years. Each Realtor comes prepared with a "Competitive Market Analysis" on fancy paper and they each recommend a specific sales price.
Amazingly, a couple of the Realtors have come up with prices that are lower than you expected. Although they back up their recommendations with recent sales data of similar homes, you remain convinced your house is worth more.

When you interview the third agent’s figures, they are much more in line with your own anticipated value, or maybe even higher. Suddenly, you are a happy and excited home seller, already counting the money.

A Sales Practice Called "Buying a Listing"

If you’re like many people, you pick Realtor number three. This is an agent who seems willing to listen to your input and work with you. This is an agent that cares about putting the most money in your pocket. This is an agent that is willing to start out at your price and if you need to drop the price later, you can do that easily, right?

After all, everyone else does it!

The truth is that you may have just met an agent engaging in a questionable sales practice called "buying a listing." He "bought" the listing by suggesting you might be able to get a higher sales price than the other agents recommended. Most likely, he is quite doubtful that your home will actually sell at that price. The intention from the beginning is to eventually talk you into lowering the price.

Why do some agents "buy" listings this way?

There are basically two reasons. A well-meaning and hard working agent can feel pressure from a homeowner who has an inflated perception of his home’s value. On the other hand, there are some agents who engage in this sales practice routinely.

source: real estate abc


When you are ready to deal with an honest Real Estate agent, be sure to contact me!
Homes of Pa

Tuesday, February 2, 2010

Selling a home: 5 wacky ways

Some homeowners and real estate agents are thinking beyond price, condition and location to get buyers in the door and make a sale.

Michael Travis, an agent with Coldwell Banker Residential Brokerage in Portsmouth, N.H., equates it to being noticed among potential daters on a site like Match.com.

"You have to stand out," he says.

Here are five offbeat ways to sell a home, and they might inspire you to think outside the box.

1. Let them sleep over

Some builders and sellers are offering prospective buyers a chance to stay in the home for a night. They're even welcoming folks with bottles of wine and other goodies to make their stay comfortable.

The tactic has been featured on TV, with shows such as HGTV's "Sleep On It," which depicts buyers spending the night in homes and even throwing dinner parties.

"This is a pretty 'out there' concept," says Benita Carswell, principal and broker with Atlanta-based Bo Bridgeport Brokers.

Atlanta buyers Tim and Kimberly Miller were considering a new home but wanted to know if the street in front of it was too noisy. The builders let them bring air mattresses, and the couple set up camp for the night.

The Millers woke up the next morning, satisfied with what they didn’t hear, and put a contract on the new home, which they moved into in December 2008.

"It was really what kind of helped close the deal," Tim Miller says.

Carswell, who was the Millers' agent, says the sleepover gave them "the experience of that home."

"It was like being out in the front porch in the evening and being able to see how the traffic was or the noise level in the neighborhood," she says. "That final thing really confirmed it for them."

On second thought: Set some rules for what potential buyers can do in the house. If they decide to have a party, it could get out of hand and possibly damage the home or furniture, says Dorcas Helfant-Browning, past president of the National Association of Realtors. Also, it's not a risk-free move because the more time a potential buyer stays in a home, the more things they could question or dislike, Carswell says.

2. Hire house sitters

Staging is becoming more common, but some absent owners are taking it to the next level by hiring house sitters. Buyers also get the chance to buy the home fully furnished.

Getting a house sitter is something to consider in areas where there have been many vacancies and where you want buyers to have a sense of the neighborhood and someone occupying the home for security, Helfant-Browning says.

"People want to live in neighborhoods because there are people there," she says. "Not only does it help the property that's being sold, it really is a benefit to the neighborhood."

Professional stager Barb Schwarz, chairwoman of the International Association of Home Staging Professionals and CEO of StagedHomes.com, says having someone live in the home adds another challenge to the staging process. She says another gimmick she heard being used in Florida involved hiring actors to "live" in a community during open houses.

"When the buyer comes in, you want the buyer doing one thing: to mentally move into a space. That's what staging does," says Schwarz, author of "Home Staging: The Winning Way to Sell Your House for More Money." "What we don't want are people in the way. It's about setting the scene and doing it in a way that features the space."

On second thought: Choose the house sitter wisely. You want someone who lives neatly and who will allow buyers into the home whenever they want to visit.

3. Offer incentives, incentives and more incentives

Builders continue to chip away at prices with special deals, some of which have taken $100,000 or more off the price of a home. But individual sellers also should consider price and other incentives that could entice a buyer to take a look.

"You have to attract their attention somehow," Travis says. "You want to create the buzz."

Travis' sellers have offered gas cards when prices skyrocketed or offered to pay for a year's worth of propane for an old house. He's sold condos in which the seller has paid for a years' worth of expensive homeowners fees.

Travis' most unusual sale happened when he advertised a free lakefront house with the purchase of a $405,000 pontoon boat that he says was "beat to hell." Travis says he was having a hard time selling the home, even though it was lakefront on a 300-acre New Hampshire lake, because it was on a cove lot without any beachfront.

When he advertised the house as free with the purchase of the boat, potential buyers came out just to see what was going on. The house eventually was sold, but the boat was turned down.

These and other incentives -- some sellers have offered free vacations and spa trips and boat and car leases for a year -- can get traffic through your door, Travis says.

Sometimes people see the concessions and realize the sellers are willing to work with them. "They realize they have a little more negotiating room," he says.

On second thought: Don't include items, such as lawn or recreational equipment, in the ad for the home. But during negotiations, you might want to throw in the pool table or lawn mower to help seal the deal.

4. Swap lives

Finding strangers with the same housing preferences and the desire to change homes might seem difficult, but it's happening, with some transactions aided by Web sites such as GoSwap.org and OnlineHouseTrading.com.

The chances are slim that you'll find a match of two perfectly equal homes in different locations, says Helfant-Browning, principal broker with Coldwell Banker Professional, Realtors in Virginia Beach, Va. But, she says, the idea often works when one person with a lot of equity in a home wants to move up and the homeowner in the biggest house is willing to downsize.

"It's sound for someone with a large home who may be looking to move down and the move down isn't the home of their dreams, but it might make economic (sense)," she says.

On second thought: This could be the chance for an investment. Some people improve the smaller residence to sell when the market rebounds, or to rent it to generate extra income.

5. Sell to a builder

This is a version of the swapping idea, with the builder willing to buy your residence if you put a contract on one of the builder's new homes.

It's an investment decision on the part of a builder, who must decide how much it will cost the company to renovate and pay the mortgage, Helfant-Browning says.

Sellers shouldn't expect to make a hefty profit with this strategy. The builder typically will take it below the asking price because of the risk involved.

On second thought: If the buyer is "upside down" in the home -- they owe more than the home is worth -- it's more difficult to trade, Helfant-Browning says.

source: www.bankrate.com


For more information, and tips on selling your home, download your complimentary copy of my book,

"EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"


Monday, February 1, 2010

10 'must-do' steps to sell your home this year

If you're selling your home this year, be prepared for a marathon, not a sprint.

In most places, those heady days of putting a property on the market, receiving multiple bids, getting more than you expected, and accepting an offer in just days -- or weeks -- are over.

Now, for most houses in most parts of the country, it's a buyer's market. That means that more houses are for sale, there are longer stretches on the market, and prices have slowed, plateaued or, in some places, decreased.

Sellers "need to be prepared for a sustained effort," says Colby Sambrotto, chief operating officer of ForSaleByOwner.com.

Homes are staying on the market for about four months, according to the most recent national averages from the National Association of Realtors.

1. Recognize every market is different. Your state, town or neighborhood could dovetail with national numbers or buck the trend entirely. "There really is no national market," says Sambrotto. "There's a patchwork of regional markets." Never rely solely on one person's advice or opinon. Talk to a handful of professionals, do your own research and listen to your gut instinct.

2. Get your home inspected. "Before I would even call a real estate agent, I'd have my home inspected," says attorney Diana Brodman Summers, author of "How to Buy Your First Home." Some real estateagents advise against spending the money (most basic inspections range from $200 and $400, according to a 2004 survey from the American Society of Home Inspectors), because the buyers will get one anyway prior to closing. Others recommend it, because it gives sellers an early warning on any repairs they might have to make. But in this market, it's better to be proactive, says Summers. "I would rather know what the inspector is going to find and be able to fix it -- and pick who will fix it," she says. Her method also allows you to shop around for the best price instead of perhaps paying an inflated price later on.

3. Shape up before marketing. A buyer's market means you've got more competition. "You want to put your best foot forward," says Eric Tyson, co-author of "House Selling for Dummies." If your home isn't appealing and in good repair, potential buyers won't even stop. Some sellers feel it's OK to skip this step and take less, but if the house is not appealing you may not get the chance to negotiate. "Six weeks before you want to put it on the market is a great time to get it done," says Summers. You don't need to renovate, but make sure everything looks great and works well. There are some things you can do to make your home stand out:

  • New paint. Paint the whole house, if it needs it, or just the trim, shutters and door to freshen up.
  • A clean entry way. Sweep or pressure-wash the front walk and porch. Polish the outdoor metalwork, clean the windows and glass and replace any burnt-out bulbs in outdoor lighting. And, if you can, add planters with flowers.
  • Lush landscaping. Think new mulch, sharp edging, a healthy lawn and beds of flowers.
  • "Maximize your chances of people being excited about your listing when it hits the market," says Tyson.

4. Devise a marketing plan. Do you want to use a real estate agent or would you rather sell it yourself? If you try doing it yourself, have you set a time limit after which you want to enlist the aid of a professional? Selling it yourself can save you the real estate commission (often about 6 percent), which can be an advantage in a tight market. But a buyer's market (or rapidly changing market) is also a good time to have a little professional expertise to price, market and move your property. And don't forget, potential buyers may feel that if there's no agent involved the price should already be 6 percent less. Both the buyer and the seller can't save the same 6 percent.

5. Check into company relocation assistance. Are you moving to take a new job or position? If so, the company might offer some resources to make things easier, says Summers. Some companies will even provide a list of real estate pros who will work with you at a discount. If you're selling in a tight market, every little bit helps. Best source: call your human resources department.

6. Interview real estate agents. If you're interested in using an agent, interview several early on about listing your home, says Tyson. "Ask them for their advice," he says. "That's a good way to select an agent." What would they highlight about your home? What would they change before it goes on the market?

Ask to see an activity list -- a list of all the buyers and sellers they've represented, the areas of town and the price ranges. You don't want private details, says Tyson. But you want to see if they've worked in your neighborhood, in your price range and if they have a track record of successful sales.

How old are the comparable sales (often called "comps") they are showing you? A few years ago, you could study comps that were 6 months or a year old. This year, because many markets are changing, you want neighborhood comps that are no more than two to three months old, says Summers.

And find out how long each has been a professional. Experience counts. "If you're going to pay 5 to 6 percent, you might as well get the best your money can get," says Tyson.

7. Set a price. The rules are different in soft markets. "You don't overprice your house 20 percent to leave wiggle room for negotiating," says Tyson. While that kind of strategy might never be a good idea, it can really backfire in 2007. If your property is overpriced 20 percent, the buyer's agent "may not even show it to them," he says. Again, it's not a matter of being willing to negotiate. If your price is too high potential, buyers may not even look at it. And they may very well see a negative message in such a high price. "Those who overprice their homes in this market are wasting everyone's time," he says.

If you're not using an agent, get your own comps -- from the local paper, sites like Zillow.com and Realtor.com to see how similar houses in the area are priced. Also find out which paper in your area publishes notices when properties are sold -- sometimes it's the local daily or legal paper. Tracking those is a good way of tracking actual sales prices, as opposed to asking prices.

Then set a realistic figure. Your goal: to maximize the chances that the perfect buyer will actually see it, Tyson says.

To get an idea of what's going on now, you want recent comps. But you may also want to look at comparables from the last six months. "You will see trends," says Patricia Fitzgerald, broker/owner of Coastal Properties in Jupiter, Fla. "You also need to look at what is in the market" in that area, she says. Are properties moving? Are prices holding steady or are sellers dropping prices?

Pricing is strategy. And much of it comes down to just how motivated you are to sell -- or how quickly you have to leave.

If you have to pad the price, it's "an art, not an exact science," Tyson says. "Five to 10 percent is one thing. Fifteen to 20 percent and you have a problem."

Two more points to consider:

  • Modern technology. Agents and buyers are often using computers to search for properties. If you want to sell yours for around $400,000, consider listing it at $399,999, rather than $400,500. That way, a computer search of anything between $350,000 and $400,000 will include your listing.
  • Commissions aren't add-ons. Don't add the real estate commission to the value of the home to come up with your asking price, says Tyson. If you use an agent, the fee comes out of your share of the profits. Otherwise, "you're going to get penalized for overpricing your house," he says. Instead: try negotiating your commission with the agent. When the recent seller's market was in full swing it was easy to get agents to list your property for as low as 4 percent (split with a co-broker). They knew the property would sell in days or weeks and their marketing costs would be low. Now it's reversed. Agents are commonly looking at four to six months to sell a property and so their marketing expenses are now running higher than normal. This makes them hesitant to offer any discounts.

Beware of hidden financing costs. Not all financing is the same from a seller's point of view. With some types of financing, like FHA and VA home loans, the seller pays the points on the loan, says Summers. Understand the different types and what will be required of you as a seller, because that could affect how much you net in a sale.

8. Understand your price. While you don't want to undervalue your house, many sellers today won't make as much as neighbors who sold last year, says Summers. If you have your heart set on a certain amount, and find out that houses aren't selling for that, you may "have to change your mind and sit on the house," she says.

9. Get rid of the junk. "This year it's more important because buyers are going to be more fussy," says Summers. "Buyers are going to come in with an attitude." Throw things out, ship them early or rent a storage locker. But clear out that clutter. Buyers look for space and light. To show it off, you need to be able to tour a group comfortably through the house, as well as actually walk into those "walk-in" closets.

10. Stay on top of the market. "You must be aware of market changes," says Summers, which is one reason she recommends using an agent. Stay on top of what is happening with mortgages and finance rates, keep looking at comps and, "see trends before they happen," she says. "The real estate market is still in a time of correction. You have to be so careful with both buying and selling."


source: www.bankrate.com



For more information, and tips on selling your home, download your complimentary copy of my book, "EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"

Friday, January 29, 2010

Repairs Before Selling Return Rewards

Quick fixes before selling a home always pay off, but which repairs bring the biggest return? Specific answers to this often-asked question largely depend on a variety of factors such as:
  • Time of year
  • Location of the home
  • Market temperature
  • Competing inventory
There is no hard and fast rule. But there are general guidelines that apply to most homes. For example, the National Association of Realtors publishes each year the Cost vs. Value Report with Remodeling Magazine, which features various home project costs and returns in four regions, including a national average.

Flooring Fixes

In my neighborhood, most of the homes were built in the late 1940s, which means the floors are original, hardwood oak. Wood floors are a hot item today, but preferences over the years have changed. Carpeting became popular -- like with lots of consumer products -- after somebody figured out how to get the government to pay for it. When vets returned home from WWII, housing was at a shortage. Homes were sold with newly installed carpeting because the cost for the carpeting could be rolled into government-insured (VA) loans.

Then carpeting became vogue in the 1960s. Some homes today, sadly, still sport '60's shag carpeting. The final movement away from hardwood happened when installing hardwood floors became too expensive. Plywood was easier to obtain and faster to install. Plus choices in carpeting were plenty. It's still relatively inexpensive to install carpeting.

  • Hardwood Floors
    If your home has hardwood floors, that's what buyers want, and it would pay to have the carpeting removed and the floors refinished.
  • Carpeting
    If your sub-floor is plywood, then replace the carpeting with light tan. Neutral carpeting is your best bet for resale.

  • Ceramic
    Replace chipped or cracked tiles. Clean or replace the grout. But don't install ceramic (it's too expensive) unless it's for aesthetic reasons in an entry way.

Paint Ceilings & Walls

Buyers spend more time than you would think staring at ceilings. They are looking for signs of a leaky roof, but what you don't want them to see are stains from grease or smoke and ceiling cracks. Ditto for walls. Nothing says freshness like new paint, and it's the most cost effective improvement. Use fiberglass tape on large cracks, cover with joint compound and sand. Paint a neutral color such as light tan - think of coffee with cream.

  • Wallpaper
    It's not that all buyers hate wallpaper. They hate your wallpaper - because it's your personal choice, not theirs. And they hate all dated wallpaper. Get rid of it. The easiest way is to steam it off by using an inexpensive wallpaper remover steamer.

  • Wood paneling
    Even if your wood paneling is not real wood but composite, you can paint it. Dated paneling must go. Older wood paneling such as walnut, mahogany, cedar and pine, it's all gone out of style. Paint it a neutral and soft color after priming it.

  • Textured ceilings
    Older popcorn ceilings with the "sparkles" often contain asbestos and if disturbed are health hazards. Say goodbye to it. But even recently sprayed ceilings turn off buyers. It's not expensive but it is time consuming to remove. Lay down drop cloths and scrape it off. You will need to repaint.

Kitchen Improvements

Appliances and cabinets are typically the most expensive items to replace in a kitchen. If you don't have to replace them, you'll save a ton of money. However, if your cabinets are dated and beat-up, your house might not sell if the cabinets aren't replaced.

Kitchen remodels return nearly 100%. According to Remodeling Magazine, the high-end kitchens don't return as much as the mid-range or minor kitchen remodels. Most buyers won't pay extra for a built-in Sub Zero refrigerator, professional 8-burner stove, undermount sink or travertine floors. If you live in the Midwest, your return will be less than for those who live in other parts of the country.

  • Cabinets
    Resurfacing is your best option. This involves attaching a thin veneer to the surface of the cabinets and replacing the doors and hardware. If your cabinets are painted, add a fresh coat of paint and new hardware.

  • Counter tops, sinks & faucets
    Granite counters are not necessary. Simple laminates, newer faucets and sparkling sinks sell. Buyers don't want leaky faucets or stained sinks.

Bathrooms

The national average of recouped cost is more than 100% for bathrooms. New floors, fixtures and lights payoff.

Roofs & Exterior

If your home needs a new roof, bite the bullet and do it. Even though most roofing tear-off jobs take one to two days, buyers shy away from buying a home if the roof needs to be replaced.

  • Patch cement cracks in sidewalks
  • Resurface asphalt driveways
  • Plant flowers
  • Caulk windows and doors
  • Replace doorknobs and locks
  • Fix or paint fences

Conclusion

Overall, buyers want to buy a home that has no deferred maintenance, newer appliances, updated plumbing, electrical and heating (including a/c), modern conveniences and is ready to occupy.


source: homebuying.about.com


For really great selling information, don't forget to download yoru free copy of my book!
"EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"

Thursday, January 28, 2010

5 Important Steps Before Selling

By Elizabeth Weintraub

Before you start making repairs, before selling your home or marking dates on your calendar for an open house, it's smart to prepare a home selling plan. Of course, you want top dollar, but you could make costly home selling mistakes along the way if your enthusiasm for quickly selling causes you to run out and stick a for sale sign in the yard before you're fully prepared to sell.

Motivation for Selling

Explore your reasons for selling. Everybody has a reason to sell. If you aren't truly motivated or committed to selling -- if it just struck you one morning that you should move to the other side of town and you haven't completely thought through the process -- you could be setting yourself up for disappointment.

Buying a New Home

Most people who sell do so to buy another home. Put together a list of neighborhoods where you may want to live and drive them. Go to open houses. Check out pricing between newer homes vs. older homes. Weigh your options. You might find you prefer to stay where you are.

Call Real Estate Agents

Interview real estate agents, talk to at least three neighborhood specialists. Ask each listing agent to give you a marketing plan that explains what they will do to market your home. In addition, ask the agents to prepare a comparative market analysis for you and ask each for advice about:

  • Preparing Your Home for Sale
    Compare suggestions and consider accepting the most sound advice. Generally, you will want to move out bulky and excess furniture.

  • Repairs Before Selling
    Not all resale repairs will pay off. You don't want to spend a lot of money making improvements but you do want to repair obvious maintenance issues, if any have been neglected.

  • Home Staging
    You can hire a professional stager, ask your agent to help stage or stage it yourself. You will get more for your home if it is staged.

  • Home Pricing
    Do not select an agent based on suggested sales price. Some will overbid each other to get the listing. But do not overprice. Homes that are overpriced often sell for less than market value.

  • Net Profits from Selling
    I always prepare two net sheets for sellers, each with a low price and a high price. This way, sellers can be prepared for the worst and hope for the best. If the lowest net price will let you buy the home you want, it's time to find financing.

Find a Lender

First, call your existing lender to find out exactly how much you need to pay off. You should order a beneficiary statement. Then check out new financing offers from your own lending institutions and credit unions. Ask for a Good Faith Estimate - GFE. Compare rates and fees. Also, ask for referrals to mortgage brokers from agents. Often, mortgage brokers have more flexibility to discount rates and are more competitive.

  • Get a loan preapproval letter, so you know how much of a mortgage you will qualify to obtain.

  • You don't need to apply for the maximum mortgage, and a lower mortgage payment might make you more comfortable in the long run.
  • Compare mortgage loan types and choose wisely.

Sell Before Buying

The moment your home goes on the market, you might be tempted to bounce around online looking at homes on the web. Next thing you know, you'll want to make an appointment to view a few homes. Don't get carried away by virtual tours and beautiful photographs of your dream home. It is almost always more profitable to sell before buying.



for more tips on selling your home, get your complimentary copy of my book, "EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"

Wednesday, January 27, 2010

One of the many homes I am in the process of selling.

If you are interested in selling your home, do not hesitate to contact me! You can also get your complimentary copy of my book, "EVERYTHING YOU NEED TO ABOUT SELLING YOUR HOME" at http://homesellerhandbook.com.


Tuesday, January 26, 2010

OTHER THINGS YOU SHOULD KNOW ABOUT SHOWING YOUR HOUSE...

The following is an excerpt from my complimentary book:

"EVERYTHING YOU NEED TO KNOW ABOUT SELLING YOUR HOME"


Providing easy access ~

Top-selling agents will not show your home unless they have a key and easy access. They are
busy and don’t have the time to run around and track down keys. Their main goal is to show and
sell your home.

The best solution to having your home readily available for showings is
to have a key available in a lock box attached to or near your front door.

When an appointment has been made to show your house, you
should do the following ~

♦ Turn on the lights.

♦ Open the drapes and shutters. Make the house as bright as possible.

♦ Keep all doors within the home unlocked.

♦ Play soft music.

♦ Take a walk or arrange to be away from
home.

♦ If you must be at home for any reason, give
the agent and buyers their space; don’t
follow them through the house.

♦ Top performing real estate brokerages use
an off-site appointment center to schedule showings.

Monday, January 25, 2010

13 Home-Staging Secrets

Admit it: You have too much stuff. "The most important thing people can do to improve their home is to clear out, clean up and get rid of clutter," says Lisa LaPorta, designer on HGTV's Designed to Sell and owner of Lisa LaPorta Design in L.A.

Be ruthless as you go about purging your belongings. If you haven't used it in three months, stagers say, box it up and store it away; if you haven't used it in a year, get rid of it. Make a house rule that for every new item that comes in, an old one has to leave. Any mixed feelings you have about tossing life's accumulated belongings will quickly be replaced with a sense of relief and appreciation of your uncluttered surroundings.

Sound daunting? Take it one room at a time. If your bookshelves are bursting at the seams, for instance, "clear them off and start over," suggests Michelle Yackel, owner of Divine Redesigns in Atlanta. "It's OK to have empty space around your books and knickknacks." Suggestions:


  • Inexpensive baskets make great hiding places for unsightly paperbacks while adding texture and visual interest.

  • Books stacked vertically serve as pedestals to show off prized pottery or other objets d'art.

  • You can even remove the dust covers from hardbacks and group them by color, turning a busy jumble into a decorative addition to the room.

If you simply can't part with your collection of National Geographic or your kids won't let you anywhere near their carefully assembled Lego creations, it's time to get creative about storage and organization. Retailers like The Container Store and Target sell handy rolling bins designed to slip under a bed and house everything from household supplies to kids' toys.

If you can't get rid of it and can't hide it, flaunt it with style: "Places like Ikea sell colorful and inexpensive fabric, cardboard or melamine magazine holders," says Michael Friedes, owner of Nest Home Design in Oakland, Calif. "Lined up on a shelf, they look a lot cleaner than stacks of magazines everywhere and add a unified visual element to the room." Your home will be far more inviting, like the home office above by designer Sue Adams, if clutter is out of sight.

Friday, January 22, 2010

Working with your Real Esate Agent

Selecting the right real estate agent to help you buy or sell your home is essential to a smooth transaction. For the best possible experience, you should consider a professional's background, personality and responsiveness.

Here are some tips to help you choose and work with your real estate agent.

How to choose a real estate agent

1. Consumers who do their homework can save thousands of dollars and experience a smooth transition. So don't waste time and resources – decide what's most important to you, and then find a professional who specializes in that area. A RE/MAX agent can help you no matter what your needs are.

2. Ask friends and family members for referrals. Someone you know and trust may have a RE/MAX agent in mind to help you meet your real estate goals.

3. If you've already determined where you'd like to live, drive through neighborhoods in the area and survey them for REALTOR® yard signs. Seeing the same name pop up on signs time after time may indicate that the agent is a specialist in the area. If you're thinking about selling, monitor the signs in your own neighborhood.

4. Moving far away? Right here on remax.com, you can connect with a RE/MAX agent around the world who can offer great expertise and service. Consider services they offer, additional certifications, any specialties, and languages they speak. You'll find the right professional to meet your real estate needs no matter where your home search takes you.

5. Pay attention to credentials. This will help you determine areas of expertise. You may be interested in these designations: ABR (Accredited Buyer Representative), CDPE (Certified Distressed Property Expert), LHMS (Certified Luxury Home Marketing Specialist), CRS (Certified Residential Specialist) and SRES (Seniors Real Estate Specialist). There are dozens of designations pursued for continuing education, so identify one or more that fit your needs.

What to ask in the interview

1. If selling, ask the real estate agent how he or she would establish a listing price. Request a Comparative Market Analysis, also called a CMA, which shows the market value of similar homes in the area that are for sale or have recently sold.

2. Ask the agent how he or she would market your property. Understand that some agents may prefer to first tour your home and then put together a customized marketing plan to present at a later meeting. But if he or she can't suggest a strategy when asked, you might consider interviewing other candidates.

3. Ask the agent how often you should expect to hear from him or her. Know how and when you will communicate to avoid unrealistic expectations.

4. Ask how long the agent has been licensed and how many buyers and sellers he or she has helped.

5. Ask about designations. Interest in continuing education is a strong indicator of motivation and professionalism.

6. Pay attention to the agent's listening skills. Does he or she cut you off before you've finished a sentence? There's nothing worse than looking at houses you have no interest in because the real estate agent has not listened carefully to your needs, or having your home on the market too long because it's priced incorrectly and the wrong buyers are being targeted.

7. Ask the agent what his or her fee structure is. Does he or she require a percentage of the sales price or work for a flat fee? Will the agent be paid another way?

8. If you are unsatisfied with a prospect's plans or personality, thank him or her for taking the time to meet with you and repeat the process with another real estate agent. It can be time-consuming, but it's worthwhile.

Once you've found the right real estate agent to represent you, hold up your end of the relationship. There are simple things you can do to help your real estate agent get you the best deal.

How to work with your real estate agent

1. If you are selling, create an information sheet that lists your home's features and best qualities, especially those that others might overlook. Your agent may be able to use the information when marketing your home.

2. When selling, talk to the real estate agent about cosmetic improvements. Your home may need fresh paint or new carpet.

3. If selling, keep it clean. Eliminate cobwebs and dust. Keep the bathroom counters and mirrors wiped down. Vacuum and sweep daily.

4. If buying, be clear about what you want. Make a list of your priorities numbered 1 through 10. You can always revise the list, but give your agent something concrete so that he or she can research available listings more efficiently.

Food for thought

1. Hiring a REALTOR® will give you a strong advantage. Although many practitioners work part-time, RE/MAX Associates are full-time professionals who provide their complete attention and expertise.

2. Your real estate agent is an authority you hire to help you make the right decisions, but you have the final word.

3. Your residence is likely to be the biggest single investment you'll ever make. Buy and sell wisely.

4. Office environment can say a lot about a businessperson. Is it clean and organized? Do the office hours make it easily accessible? Are staff members pleasant and helpful?

5. Remember that home values fluctuate with the economy.



source: www.remax.com

Thursday, January 21, 2010

Hire a REALTOR®


Studies show that homesellers who use a REALTOR® to represent them generally get a better price than those who sell the home themselves. REALTORS® are up-to-date on critical processes and can help keep you out of trouble. They can also help you get your home sold at the best price in the right timeframe.

Equally as important, REALTORS® add objectivity to an inherently emotional transaction: the sale of your home.

Before Your Home Is Listed

It's important to have your home in good showing condition before buyers start going through it. Here are some steps to take:

  • Touch up interior and exterior paint as needed.
  • Install new carpeting and flooring if it appears worn or dated.
  • Make sure the front is clean and spruced up – curb appeal will create a favorable first impression.
  • Trim bushes and plants as needed, and make sure the lawn is kept mowed and trimmed. In autumn, rake the leaves; in winter, keep the snow shoveled.
  • Keep the interior clean, decluttered and odor-free. Eliminate evidence of pets.
  • Minimize personal items such as family photos. You want buyers to see themselves living in the home.
  • Consider putting excess furniture and belongings in storage. Now's the time to clean out the garage and basement and sell, give away or throw away items you don't need anymore.
  • Consider having a pre-listing inspection performed. Buyers will be hiring professional inspectors; here's your chance to address problems in advance.
  • Consider engaging a professional stager to give your home the right emotional appeal.
During the Listing Period
  • When potential buyers visit your home, either be absent or make yourselves as inconspicuous as possible.
  • Have fresh flowers in the entryway. It makes for a friendly introduction into your home.
  • If offers are made that don't match your hoped-for price, don't reject them out of hand. Pay attention to your agent's advice.
  • Consider dropping the price if several months go by with few or no offers. But if you and your agent have priced your home properly from the start, this shouldn't be necessary.
  • Don't get discouraged. In buyer's markets, homes take longer to sell than during boom times. Your home will eventually sell; it's a matter of your RE/MAX agent finding the right buyer for you.
Help Your Agent

You have the best chance of selling your home if you work closely with your RE/MAX agent. Make sure all showings are coordinated through him or her. If you have a brochure box, be sure to keep it filled.

If prospective buyers want to discuss your property or negotiate price or other terms, defer to your RE/MAX agent. He or she is the expert and can best handle all these details without emotion.



source: www.remax.com

Wednesday, January 20, 2010

20 tricks to selling your home.


Selling a house is a lot like romance. It really pays to set the mood.

Real estate pros call it staging -- showcasing the best side of a home to create interest and help you get top dollar.

Here are 20 tricks to selling your home from the pros:

1. Make room. Clear out as much furniture as you can. Put it in storage, give it to Goodwill Industries or have a garage sale.

"What you want to do is open the house up so it does not look cluttered -- it looks spacious," says Michael Love, president of Interior Options Inc., a New York interior design firm. "And people can picture their own stuff in it."

Hallways and doorways, in particular, need to be clear and open.

2. Use counter intelligence. Go through the house and clear off all the horizontal surfaces like kitchen and bathroom countertops. Old magazines? Toss 'em. Knick-knacks? Pack 'em. Counters need to be clear and clean.

3. Follow your nose. A home should smell good. That means no noticeable odor -- no pet scent, no stale cooking smells and no cigarette smoke. "People just don't realize how much odor plays into this," says Scott Griffith, president of ERA Griffith Realty in Brighton, Mich.

"And I find that people who smoke or have pets become so accustomed to the smell, they don't notice it," Griffith says. Instead, have a friend whose judgment -- and nose -- you trust give your home the real sniff test.

Remember the old story about the smell of baking bread or steaming cinnamon potpourri? Today's real estate pros say it's a no-no. Ditto the scented candles and air freshener.

"If you just go through with Lysol before a showing, that won't help," says Dan Lee, vice president of First Weber Group Inc., in Madison, Wisc. Instead, get rid of scent problems at the source: scrub the house, have the air vents cleaned, replace old, smelly carpeting and smoke outside.

4. Remember, the next buyer is as lazy as you are. If the property needs work -- dated wallpaper, ratty carpet -- have it replaced now so that all buyers have to picture is moving day. "Most people want it before they move in," says Myra Zollinger, an owner/partner with Coldwell Banker Realty Center in Chapel Hill.

The more changes buyers calculate they'll have to make in the home, "the more concerned they get," says Richard F. Gaylord, Realtor with RE/MAX Real Estate Specialists in Long Beach, Calif.

5. Do the baby test. Does your potential market include families with young kids? If so, ask yourself, "Would I put my child down on this floor to crawl around the room?" says Dick Koestner, a partner in Koestner McGivern & Associates in Davenport, Iowa. If not, you know what you have to fix. Likewise, if your walls sport grimy smudges or handprints, it might be worth it to paint.

6. Deep-six the cigarettes. Buyers are much more sensitive to cigarette smells, says Zollinger. "If somebody's a smoker, he doesn't smell it."

Having a smoker in the house also eliminates a lot of potential buyers. Many shoppers won't even want to tour a home if the owner is a smoker.

7. Make your home ageless. There's a difference between an old house and a classic home. "If the house looks 40 years old with 40-year-old paint, 40-year-old appliances and 40-year-old carpet, that's a hard sell," says Phipps. Keep everything fresh and up-to-date (read well-maintained) and you have a solid home in an established neighborhood -- a real looker.

8. Let there be light. "People buy space and light, for the most part," says Zollinger.

One dark room is "cool," says Phipps. "But if the whole house is dark, that's a problem." So open the blinds. Turn on all the lights. Add lights in rooms that are dark.

And if Mother Nature isn't cooperating with your marketing efforts, "use more flowers and things that suggest sunlight," says Phipps.

One seller who really understood staging was marketing her home during a spate of bleak weather. Before a showing, she threw a couple of beach towels over the rail of the deck, put up the sun umbrella and set out a pitcher of lemonade and some glasses.

"You want a space that's crisp and sharp and vibrant,' Phipps says. "Happy space."

9. Get a home inspection. Most buyers will have one done anyway, says Zollinger. Do it now -- and make any needed repairs before you put the home on the market. Depending on where you live, the service will probably run about $200 to $400, she says, and your real estate professional can recommend several good inspectors.

10. Learn to love white walls. When it comes to walls, color is popular. The problem is that the next buyer might not like the same colors. Paint is a relatively inexpensive way to make a house look clean and fresh. And if you're going to repaint prior to selling, stick with neutrals. "Despite the fact that it's more boring to live in, it's still an easier sale," says Griffith. And remember that white reflects the light best and makes rooms look their largest.

11. Take a close look at the carpet. Get the carpet shampooed to get out any stains or smells. If that doesn't work, replace it. "Get rid of carpet that looks dirty, soiled, stained," says Love. And consider, if you can, wood or laminates as an alternative.

"It makes the house look bigger and people love seeing the fact that it has wood floors," she says. "Plus it's a lot easier to keep clean."

12. Avoid controversy. If you have a deer head on the wall, you might want to take it down. It will be a turnoff to some buyers, says Zollinger.

Phipps advises his clients to play it safe with the books and magazines they display while showing a home. Anything provocative could turn off buyers, says Phipps.

13. Replace deteriorating wallpaper. If wallpaper is peeling -- especially in bathrooms -- remove it and consider replacing it with a coat of paint. Go with a neutral or match the tile, says Love. Likewise, if the kids' rooms need a fresh look. That way, buyers are looking at the house, not your decorating skills. And it's easier for them to see their things in the space.

14. Clean your closets. Sellers need to "empty the closets of half the things they have in them," says Love. Partially empty closets look roomy -- and space sells. Do the same thing with kitchen cabinets. (And if you donate your extra clothes and surplus food to a shelter or food bank, you won't have to worry about moving it to your next home.)

15. Harness flower power. Lee and his wife used this technique and sold their own home in two weeks, he says. "We spent a fortune on flowers, but I really do think it helped," he says. Their favorite -- wild flowers. "It gave the home a nice, softer feel," says Lee.

Showing your home on a budget? Go for less expensive bouquets, green plants or seasonal flowers from the yard, says Love.

16. Open the windows. "If it's a cool summer day, have the windows open," says Meg Werren, owner of It's About Time, a home sales prepping company in Fitchburg, Wisc.

Conversely, if it's cold and dreary, light a fire in the fireplace.

17. Take everyone's advice with a grain of salt. When Gaylord sold his own condo years ago, one real estate expert told him it would sit on the market because of the emerald green carpet in one of the rooms. But the home "was a showplace," he says, and a buyer quickly snapped it up -- green carpet and all.

"Putting colors and tastes aside," says Gaylord," if a person drives by and the home is exciting and it's showy -- even if your colors may not be as neutral as they like -- they'll be turned on."

18. Keep it clean. No dust, cobwebs or trash. "People looking to buy a home are extremely observant and meticulous," says Werren.

19. Set your house apart. Phipps recalls one real estate study in which potential buyers were shown many different houses in similar neighborhoods, all with similar features and amenities. The one that stood out? A home that had yellow roses on the dining room table. People not only remembered the detail, but they rated the home higher as a result, says Phipps.

"You need to give the home a hook," he says. "Something that makes it different in a positive way from the other houses."

20. Keep it real. You don't have to go to the extreme of one buyer -- who before a showing set up the bedroom to look like the night maid had just been through and pulled down the comforter, fluffed the pillow and placed a book open on the bed.

"You don't want it to look so staged that it's artificial," says Phipps. "What you want is for them to walk in there and say 'I could put myself here.'"

source: www.bankrate.com



For even more tricks and tips, pick up a copy of my book "Everything You Need To Know About Selling Your Home" at http://www.homesellerhandbook.com

Tuesday, January 19, 2010

The Worst Home Selling Mistake

By Elizabeth Weintraub


There's a great saying in the real estate business. To succeed in life, you want to be:
  • The First Child
  • The Second Spouse
  • The Third Realtor
And like with most sayings, there is some truth in that statement, as agents who pick up listings after sellers have made major mistakes will attest.

But We Want More Money

When the average seller sits down to interview real estate agents, it's easy to get caught up in the excitement over choosing a sales price. More money means more financial opportunities for the homeowner. Perhaps it means the seller can afford to buy a more expensive home, help pay for her child's college education or take that greatly overdue vacation. Unfortunately, uninformed sellers often choose the listing agent who suggests the highest list price, which is the worst mistake a seller can make.

Establishing Value

The truth is it doesn't really matter how much money you think your home is worth. Nor does it matter what your agent thinks or ten other agents just like her. The person whose opinion matters is the buyer who makes an offer. Pricing homes is part art and part science. It involves comparing similar properties, making adjustments for the differences among them, tracking market movements and taking stock of present inventory, all in an attempt to come up with a range of value, an educated opinion. This method is the same way an appraiser evaluates a home. And no two appraisals are ever exactly the same; however, they are generally close to each other. In other words, there is no hard and fast price tag to slap on your home. It's only an educated guess and the market will dictate the price.

Is it Too Low?

Homes sell at a price a buyer is willing to pay and a seller is willing to accept. If a home is priced too low, priced under the competition, the seller should receive multiple offers to drive up the price to market value. So there is little danger in pricing a home too low. The danger lies in pricing it too high and selecting your agent solely on opinion of value.

How It Starts To Go Wrong

The seller of a Spanish home didn't even interview her real estate agents. She plucked the first one off the Internet because, "He looked like such a nice guy." He priced her home at $1.3 million. This agent never heard the local agents chuckling behind his back because he worked in a different city. After 90 days, the listing expired.

Continues To Go Wrong

The next agent, also from another town, listed the home at $1.1 million. Months passed. Eventually the price dropped to just under $900,000. Still no takers. A few lookie-loos, but no serious buyers.

More Than a Year Later

By the time the last agent was hired to list this home, the seller had grown weary and exhausted. It was now 12 months later. Together, the seller and her agent priced the home at $695,000. It immediately sold for all cash. The sad part is the comparable sales in the neighborhood fully justified a price of $835,000, but the home had been on the market for too long at the wrong price, and now the market had softened.

Agents Specialize in Expired Listings

There is an agent in my office whose basic real estate practice is comprised of calling sellers of expired listings and relisting them at market value. He sits in a small room with a phone, desk and chair, dialing number after number. Last year he sold more than 34 homes valued at more than $13,600,000, and he has 18 active listings right now. He makes a pretty good living repackaging overpriced homes.

Protect Yourself

The question is how much money have those expired listings cost the sellers? The financial loss often exceeds the extra mortgage payments paid and goes beyond the uncompensated hassle factor of trying to keep a home spotless during showings. It affects the value that a buyer ultimately chooses to pay because it's not a fresh listing anymore. It's now stale, dated, a market-worn home that was overpriced for too long. Don't let it happen to you. Don't be that seller of an expired listing.



I have been in the Pennsylvania area all my life, contact me, Brett Furman, for help in selling your home.
Home Seller Handbook

Monday, January 18, 2010

While Your Home is on the Market - Protecting Your Privacy

By Elizabeth Weintraub

Are your secrets safe? Before a home goes on the market and home buyers start to traipse through, savvy sellers will relocate confidential information. Even so, you might be astonished to learn what home buyers can figure out about you.

Private Documents

  • Is it snooping to open a drawer?
    Not if the drawer is part of a built-in such as a kitchen cabinet or a dining room china cabinet. Buyers can innocently tug on a drawer to inspect its construction or depth and find important documents that you might not intend for anyone to see.

    I once opened a drawer and discovered the seller's net sheet sitting on top of her comparative market analysis, in plain view. It clearly indicated a lower price was expected, so you can guess what my buyer offered.

  • Don't leave mail where anybody can find it.
    Lots of sellers leave piles of opened mail neatly stacked on the kitchen counter. Buyers could find out how much you owe department stores or other credit cards. They can tell if you're late on your mortgage payments or if the I.R.S. is after you. Heaven forbid should you file bankruptcy or be sued and leave those documents on the table, but sellers do it. They must believe that buyers will not read someone else's personal mail, even when that mail is taped to the refrigerator door, begging to be read.

    I've also shown vacant homes where the mail was tossed all over the floor in the entryway. Neither the seller nor his listing agent bothered to stop by and pick up the mail. It wasn't hard to figure out that much of the mail contained collection notices. If a buyer was armed with that information, guess what price the buyer would be thinking about. It wouldn't be list price.

Remove Diplomas and Wedding Photos from Walls
Notwithstanding that all personal items should be removed, sometimes sellers overlook the obvious and leave diplomas on the wall. People form biases and can carry a bias too far. For example, the seller might be a lawyer, and there are buyers who might not feel comfortable buying a home from a lawyer. For whatever reason. Diplomas also give away a seller's age or a close estimate. If a buyer sees a recent medical diploma, for example, the buyer might assume the seller is saddled with student loans and needs to sell to pay them off.

Wedding photos might give away the seller's religion, as do certain religious artifacts left in the home. Buyers can be prejudiced. Don't give buyers a way to form any opinion about you at all. Don't let buyers form ideas about you from the type of music you like or the literature you read.

Contents of Closets
Often sellers who are separating or getting divorced feel a lot of pressure to sell quickly, especially if the partner who remains in the home cannot afford to continue to maintain it. But that is not information most sellers want to share with buyers. Yet they do. They may as well toss their wallet out the car window doing 80 on the freeway.

They do this by hanging either all men's or all women's clothing in the closet. Was it a heterosexual or bisexual involvement? Who cares? It's nobody's business, really, if a seller is dissolving a relationship. But once a buyer finds out a seller desperately needs to sell, the buyer won't make an offer anywhere near list price. So don't leave any telltale clues around that could give away your motivation to sell.

Before you put your home in the market, please, prep it; empty out drawers, stage closets and pack up anything remotely personal. If your house speaks to a buyer about you, it's probably saying the wrong thing.



For more helpful tips on selling your home, get your copy of my book, "Everything You Need To Know About Selling Your Home" at http://www.homesellerhandbook.com/ or give us a call at 484-598-2746.

Friday, January 15, 2010

How to Improve Curb Appeal

The following article about curb appeal will help you find exactly what you need to repair or change about your home in order for us to make the Purchase price you are hoping for.

Once you have figured out exactly what needs to change, be sure to give us a call and we will help you find the best service providers for the job! Also, don't forget about our complimentary book, "Everything You Need To Know About Selling Your Home".


From Janet Wickell

A large percentage of home buyers decide whether or not to look inside a house or take it seriously based on its curb appeal—the view they see when they drive by or arrive for a showing. You can help make sure they want to come inside your house by spending some time working on the its exterior appearance

It's difficult to look at our own house in the same way that potential home buyers do, because when we become accustomed to the way something looks and functions, we can't see its faults. Decide right now to stop thinking of the property as a home. It's a house—a commodity you want to sell for the highest dollar possible.

Curb Appeal Exercise

The next time you come home, stop across the street or far enough down the driveway to get a good view of the house and its surroundings.

  1. What is your first impression of the house and yard area?

  2. What are the best exterior features of the house or lot? How can you enhance them?

  3. What are the worst exterior features of the house or lot? How can you minimize or improve them?
Park where a potential buyer would and walk towards the house, looking around you as if it were your first visit. Is the approach clean and tidy? What could you do to make it more attractive?

Take photos of the home's exterior. If you have a digital camera, view the color versions first, then remove the color and look at it in black and white, because it's easier to see problems when color isn't around to affect our senses.

Make a list of the problem areas you discovered. Tackle clean up and repair chores first, then put some time into projects that make the grounds more attractive.

  • Kill mold and mildew on the house, sidewalks, roof, or driveway.

  • Stow away unnecessary garden implements and tools.

  • Clean windows and gutters.

  • Pressure wash dirty siding and dingy decks.

  • Edge sidewalks and remove vegetation growing between concrete or bricks.

  • Mow the lawn. Get rid of weeds.

  • Rake and dispose of leaves, even if your lot is wooded.

  • Trim tree limbs that are near or touching the home's roof.

Don't Forget the Rear View

Buyers doing a drive by will try their best to see your back yard. If it's visible from another street or from someone's driveway, include it in your curb appeal efforts.

Evening Curb Appeal

Do your curb appeal exercise again at dusk, because it isn't unusual for potential buyers to drive by houses in the evening.

One quick way to improve evening curb appeal is with lighting:

  • String low voltage lighting along your driveway, sidewalks, and near important landscaping elements.
  • Add a decorative street lamp or an attractive light fixture to a front porch.
  • Make sure lighting that's visible through front doors and windows enhances the home's appearance.

Landscaping Decisions

There are times that adding elements to your landscaping can improve curb appeal, but there are other times when removing something is even more effective.

For example, we had a listing for a large brick house with large white columns. Tall evergreens, planted in front of each column, had grown taller than the roof. They obscured the columns and windows and made it difficult to see the front of the house.

We suggested that the owner remove them. She trimmed them back, but it didn't do the trick—they were unattractive and still kept potential buyers from seeing the true character of the house.

I sold the house to a couple who could see past the trees. One of their first tasks after closing was to yank them out of the ground, instantly boosting the home's curb appeal.

Most buyers cannot visualize changes, and often won't take a second look at a house if the first look doesn't appeal to them. Home buyers who can visualize changes, and are prepared to make them, expect you to reduce the price of the house to compensate for the work they plan to do.

A Few Curb Appeal Tips

  • If you can budget it, a fresh paint job does wonders for a dingy house. Drive around your town to find color schemes that are appealing.

  • Install a more attractive front door, maybe something with leaded glass inserts.

  • If you can't justify the cost of a new door, consider replacing plain doorknob hardware with something more attractive.

  • If new hardware is beyond your budget, repaint or stain the door and polish the hardware?

If you brainstorm, you'll find that there's a solution to most problems—one that lets you stay within your budget. The trick is to find the areas where improvements are needed, then work on them as best you can.

Thursday, January 14, 2010

This is just ONE of the houses that I have sold for my clients.

I can help you sell your home! Don't forget to have your complimentary copy of my book, "Everything You Need To Know About Selling Your Home". You can either go to HomeSellerHandbook.com and download your copy, or give us a call at 484-598-2746, leave a message, and we will send one right out to you.

Now, just take a look at this amazing home we sold. Like I said, we can help you sell your home, too.

Wednesday, January 13, 2010

The questions you ask your Realtor could make all the difference!

When you are searching for the right Realtor to sell your home, you need to have the right set of questions ready for him or her. I have come up with a simple list of questions, along with my answers, which will help you along your journey.


(click on the image for a clearer, larger view)

Tuesday, January 12, 2010

Are you having troubles selling your home in Pennsylvania?

If you are having a hard time finding the right Real Estate broker to properly represent you and your home in Chester, Montgomery and Deleware counties, let me introduce myself. My name is Brett Furman, and I can sell your home quickly, for the price that you are looking to get for it.

Don't just take my word for it; take a look at this testimonial from one of my past clients:

(click on image for larger view)

Let me help you!
BRETT FURMAN
RE/MAX CLASSIC
610.687.2900 EXT.107
528 EAST LANCASTER AVENUE
ST. DAVIDS, PA 19087
BRETT@HOMESOFPA.COM
WWW.BRETTFURMAN.COM
WWW. HOMESOFPA.COM

Monday, January 11, 2010

Classic Senior Services Division

Did you know that our office even has a "Senior Division"? This team is specifically geared toward making the transition for the senior in your life, easier. We will help them sell their home, but before we get to that point, we will bring in professional decluttering services and help with arranging the donation and sale of unneeded items. The division provides all of their clients with life transitioning and special counseling services, as well as assistance with any financial and tax matters that might pop up along the way.

In 2008 we sought and obtained certification through the Senior Real Estate Specialist Council, the only designation recognized by the National Association of Realtors for counseling the mature population. Now, we work one on one with each of our senior clients to identify the living situation that best suits their needs.

We saw a need for this type of service, when we began to realize that our client base was growing up, and older. We also know just how confusing the real estate marketplace can be for anyone, maybe even more so for seniors when you add the stress of finding a safe and reliable, "next home" or assisted living facility. Sometimes, seniors do not have family to rely on, and that is where we can help.