First impressions are lasting Decorations are key Give your home a cheerful feeling by letting the sun shine in Fix that leak Boast of your utility space by displaying them to there fullest potential Safety should be top priority Organized closets make them look bigger Have your bathrooms sparkle Create a welcoming environment by having ... [Read More]
First impressions are lasting
Decorations are key
Give your home a cheerful feeling by letting the sun shine in
Fix that leak
Boast of your utility space by displaying them to there fullest potential
Safety should be top priority
Organized closets make them look bigger
Have your bathrooms sparkle
Create a welcoming environment by having the television off and playing soft music in the background
Avoid having too many people present, it will reduce the feeling that the buyer needs to rush through the home
Keep pets out of the way
Don’t force conversation with the potential buyer
Never apologize for your home that is being lived in
Never stay in the house with the buyers
Try not to get rid of furniture or furnishing to potential buyer, you could end up losing them
Let the real estate agent discuss price, terms, possession, and other factors
An agent has no control over the market, just the marketing plan. Here are some tips that may be helpful: Never select an agent based on price Overpricing in a rising market may be okay, overpricing in a falling market could be disastrous Cost, price, value, and market value are numbers that represent your property ... [Read More]
An agent has no control over the market, just the marketing plan. Here are some tips that may be helpful:
Never select an agent based on price
Overpricing in a rising market may be okay, overpricing in a falling market could be disastrous
Cost, price, value, and market value are numbers that represent your property
Regression (an expensive home being decreased in value because of lesser desirable homes) and progression (a home selling for more than its worth because of having more expensive homes in the area)
Substitution
Over-improvements, need, buying in a higher priced area, original purchase price too high, lack of factual comparables, providing bargaining room, high cost of moving, corporate buy-out are all reasons behind overpricing
Should be price the best and should show the best within the first few weeks of it being on the market
Faster sale, fewer inconveniences, exposure, increased cooperative salesperson response, better response to advertising, higher offers, more money to sellers are all benefits to the proper pricing of a home
Overpricing: Can reduce agent showing Can minimize advertising response Can eliminate interested buyers Can attract unsuitable buyers Can eliminate potential offers Can help to sell competitive homes that are also for sale Can cause complications with the appraisal Can increase holding costs Can increase maintenance costs Proper Pricing Can create a faster sale Can minimize ... [Read More]
Overpricing:
Can reduce agent showing
Can minimize advertising response
Can eliminate interested buyers
Can attract unsuitable buyers
Can eliminate potential offers
Can help to sell competitive homes that are also for sale
Can cause complications with the appraisal
Can increase holding costs
Can increase maintenance costs
Proper Pricing
Can create a faster sale
Can minimize hassles and inconveniences
Can attract the right buyer
Can increase agent showings
Can encourage strong offers
Can increase net proceeds
Can create a sense of urgency in the buyer
Can encourage multiple offers
Can cause compliant buyers
Can create less buyer’s remorse
There are five factors to selling your home, even in this market! These five factors are: Location Condition of your home Terms of the sale Asking price The real estate agent your select Four of these five factors you can control! The only one out of your control is the location. The location of your ... [Read More]
There are five factors to selling your home, even in this market! These five factors are:
Location
Condition of your home
Terms of the sale
Asking price
The real estate agent your select
Four of these five factors you can control! The only one out of your control is the location.
The location of your home does impact the value of your home. Homes located on quiet streets or cul-de-sacs have more location value than homes located on busier streets. Other factors affecting the value of your home due to its location are:
Mountain views
City views
What backs up to your property
These items give an idea of the typical factors that affect the location value. These are factors, again, that you have no control over, but play a major role in the value of the home.
But, never underestimate the important of having your home looking at its best. Having your home appeal to the buyers is very important.
First impressions are very important: Curb appeal and front entrance
Kitchen and bathrooms are important rooms: Keep clean and uncluttered
Flooring should be clean and deodorized
Paint – its is the highest return improvement investment one can make and the most inexpensive compared to other home improvement remedies
Last but not least, the terms of the sale is important to the marketing of your home as well. The possession date, financing options, and contingencies are all examples of the terms of sale. The more flexible, the easier the transaction. You can use flexibility in terms to negotiating a higher selling price. It is important to consider all aspects of the offer to purchase before making any decisions.
Many of you are familiar with liens on your property that you are aware of, such as trust deeds. But, there are liens that can attach to your property that you may not be completely aware of. Some of these liens are judgement liens, Federal and State tax liens, mechanics’ liens Judgement Lien: A general ... [Read More]
Many of you are familiar with liens on your property that you are aware of, such as trust deeds. But, there are liens that can attach to your property that you may not be completely aware of. Some of these liens are judgement liens, Federal and State tax liens, mechanics’ liens
Judgement Lien: A general lien against all property of the debtor in the county where the abstract of judgement is recorded.
Federal and State Tax Liens: Liens for federal income tax are general liens and arise when the taxpayer refuses to pay a tax assessment. Liens for state taxes are general liens on all property within the state.
Mechanics’ Liens: Statutory liens by improvers of property for labor, material, and equipment.
Judgement Liens
Judgement liens can be terminated by an expiration of ten years (the statute of limitations would preclude any action for collection after that period), discharge of the debt in bankruptcy (debts based on fraud of debtor will not be discharged), and payment and satisfaction (when the debtor has paid, the judgement creditor must give a satisfaction of the judgement within 15 days of demand or be subject to a $100 penalty as well as actual damages).
Federal and State Tax Liens
Real property on which taxes are delinquent goes on the tax-defaulted property rolls after June 30, at which time a five-year redemption begins. If the property is not redeemed within the five-year period, the tax collector can sell the property to taxing agencies, revenue districts, certain nonprofit organizations, or anyone at public auction.
Mechanics’ Liens
Mechanics’ liens are lost if no action is taken to enforce them within 90 days of the filing. The failure to start action or to file a lien extinguishes only lien rights, not the debt. These liens can also be wiped out by a priority lien foreclosure. An owner can also get a mechanics’ lien released by filing a surety bond of 1 1/2 times the amount of the lien claimed. This is common when an amount due is in dispute.
