You’ve probably been told you should wait for spring or summer to sell your home. That’s when there’s a bigger pool of buyers, and your landscaping and foliage are at the top of their game, right?
Well, wait just a minute. There are actually some compelling reasons to go ahead and sell now.
Here’s a look at three ways selling in the off-season can work in your favor:
There’s typically lower inventory in winter. The basic economics of supply and demand now work for you, the seller. When there are a ton of properties for sale, even a great home can look common. But when there are fewer options on the market and a listing is in good condition, it suddenly gains an edge it may not have in the summer.
More Serious Buyers
People who are buying in the off-season are not your typical summertime browsers. These buyers are often more serious and motivated to make a move — and do it quickly. Maybe they had a sudden career or lifestyle change. Whatever it is, they typically need a new home now. If yours is ready and waiting, it can have added appeal.
Who wants to spend all summer packing and planning a move? Some buyers want to move before the school year ends to have summer free for travel and relaxation. When your home sale is already sorted during winter, it’s smooth sailing for summer fun.
Are you ready to sell? Get in touch today for a comprehensive review of your current home.
Selling your family home is hardly ever about building your financial portfolio. For most of us, it’s usually a matter of necessity.
A growing young family or a changing lifestyle usually demands extra space. Maybe your kids are old enough now that they need separate rooms. If you have outgrown your living quarters — for whatever reason — it’s time to explore a move-up forever home.
How can you tell that it’s time to move? Here are four common scenarios:
1. You’ve had a change in family size. Whether someone is moving in or you have a baby on the way, you naturally need more space for more people. If you’re struggling to achieve functionality with your current setup, then you need a home with additional rooms.
2. Your DIY and design projects don’t happen — or they cost too much. Maybe you bought your starter home intending to renovate it, but you underestimated how difficult it is to fix up a house. If your fixer-upper has become a money pit or a huge source of stress, it may be time to call it quits and seek greener pastures.
3. You find it difficult to entertain or have guests over. If you have too little space to host or have few boundaries between your party and private space, it’s hard to entertain comfortably. A larger home that allows more freedom and possibilities for hosting will better align with your needs.
4. You spend all your time in other parts of town. Imagine being closer to work and your favorite restaurants. Instead of wasting hours in your car, why not pick a home that’s close to everything you love?
And if everyone else in the neighborhood is selling, it may be a sign that it’s the perfect time for you to do the same.
Are you ready to find your next home? Get in touch today.
With the wealth of information available online, many of today’s consumers are incredibly knowledgeable about the homebuying and selling process. Add in the desire to save — or make — as much money as possible, and it’s easy to see why you might be tempted to pass on hiring an agent.
But before flying solo, consider the benefits of having an empathetic and experienced negotiator on your side.
Local Data and Insider Knowledge
You may have lived in your neighborhood since the kids started school and know exactly how much the neighbor’s house sold for. But do you have all the tools of an expert? An agent’s local data can show you everything that’s selling right now and what buyers in your area are prepared to pay for your house.
Buying a home is one of the biggest decisions you’ll ever make — and the amount of paperwork and legal jargon required proves it. Omitting or miswording even one line can lead to a costly mistake that’s much higher than the price of an agent’s commission.
Haggling over contract contingencies and home pricing can lead to negotiation fatigue and poor judgment calls for emotionally invested buyers and sellers. One key reason to work with a real estate agent is to have an experienced negotiator who’ll put your best interests first.
The complexity of property transactions means contractors, attorneys, lenders and financial advisers are also involved. A well-connected agent can put you in touch with other qualified and trustworthy real estate professionals who are ready to help.
Thinking about listing your home? Or looking for a new place to call home? Reach out today.
You’ve always been told that owning a home is the ultimate American dream.
Imagine renovating your master bath into a mini spa or choosing your favorite appliances for your dream kitchen. Or just getting to repaint whatever room you want. Plus, there’s the potential for financial gain when you own.
But renting has its own advantages: flexibility, a smaller financial commitment and the chance to try before you buy.
So when do you know it’s time to take the plunge on a purchase? Answer these questions to see which side of the rent vs. buy debate you might land on:
Why do you want to buy?
Sure, owning a home might be the great American dream — but is it your dream?
For some, the idea of a home where you can raise a family, be close to schools and build a community is enticing. For others, buying is a great investment. But for many, it’s about freedom: the ability to keep pets, renovate and be independent.
Will you stay in the area?
No one has a crystal ball — but knowing how long you plan to live in an area can help as you consider the pros and cons of buying. Generally, longer stays align with purchasing.
If the thought of travel fills you with more passion than the idea of settling down in your dream property, you may not be ready for your forever home. But there’s always the possibility of turning your house into an investment property.
What can you afford?
While renting usually costs less in the short term than purchasing property, owning a home can build long-term net worth. A rent vs. buy calculator can help you understand the costs of each option.
Don’t have the deposit for your dream home now? That doesn’t mean you can’t buy. We can work together to find affordable homes, and there are plenty of low or no down payment mortgage options.
Have questions about buying or financing your purchase? Let’s discuss your next steps.
Many homeowners will tell you how emotional it was to buy their first home, but you rarely hear about their experience selling it. It’s only natural to grow attached after creating so many wonderful memories, which can make selling a challenging process.
Fortunately, you’re not in it alone. Together, we can simplify the process and make sure you get top dollar when selling your home.
Let’s get started with some simple do’s and don’ts for selling your first home:
What should you do?
- Get your home ready for the market. We’ll collaborate on strategic repairs and updates, home staging, photography and more options to attract buyers.
- Plan for your next move. We’ll work together to make sure that you’ve got your next home lined up when your current home sells.
- Be aware of your timeline. While our goal is to sell your house fast, you never know what hiccups a buyer might encounter along the way. Being aware of your timeline is essential.
- Prepare to negotiate. After the home inspection, the buyer may ask for repairs or concessions. That’s why it’s always best for you to have a local real estate expert represent you when selling.
What shouldn’t you do?
- Don’t assume you have to sell in the spring. Homes are sold every day. In fact, it can often be in your best interest to avoid selling in the spring because you’ll have less competition. Ultimately, the right time to sell is when you’re ready.
- Don’t price based on your emotions. You value your beloved home, but if it’s priced beyond its worth, it will sit on the market. We’ll review local comps and discuss your home’s market value together.
- Don’t forget to plan for the closing. To seal the deal, be fully prepared for settlement. Bring your ID and be prepared to review and sign paperwork.
Have you been thinking about selling your home? Or are you just curious about what it’s worth in today’s market? Reach out today for a comprehensive review.
One of the many joys of homeownership is incorporating your signature style throughout your home. From furniture and rugs to artwork and paint colors, there are so many ways you can make a space all your own.
But there’s one space in the home that’s often left untouched — the ceiling. Though rarely considered, it’s a vital part of your home’s story.
Whatever your design style, there are plenty of ways to dress up your fifth wall. Check out these ceiling styles that designers and architects are raving about:
Go Modern Minimalist
If you like sleek and elegant design schemes, minimalism is for you. A minimalist home has clean lines in a defined color palette. Forego bright color schemes and add elaborate elements sparingly.
Paint, tile or paneling in black or grey add engaging contrast to ceilings without stealing the show.
Add Some Rustic Charm
If you’d prefer a more accessible look, then rustic style is the answer. It’s comfortable, warm and inviting with neutral tones and natural textures like wood and stone.
Wood is the order of the day with a rustic ceiling motif. Rough-hewn panels, bold beams or reclaimed wood will add stunning character to your barnhouse decor.
Keep It Traditional
If you’re looking for a style that’s casual and understated, consider a classic look. It’s a great option whether you enjoy muted tones or simple pops of color.
For traditional ceilings, bright white paint with recessed lighting is a tried-and-true choice. Your cool and classic fifth wall can be flat or vaulted with lavish details like crown molding or coffers.
Bring the Focal Point Down
If a crisp, white ceiling is your preferred style, you can dress up your fifth wall with a custom pendant or light fixture.
Ready to get rid of those old popcorn ceilings? Get in touch if you’d like referrals to interior designers in our area.
Or reach out today if you’re ready for a new space to design.
Are you wondering how to avoid getting into a fast and furious bidding war once you find your dream home? Even if you can afford to pay more, it’s not always the best move.
Money is one thing that turns sellers’ heads, but it’s far from the only incentive when you’re competing with other buyers. So why raise the ante with more money?
If you want to offer your seller something they can’t refuse, try offering a flexible closing date.
Why is the closing date important?
On closing day, the home’s sales documents are signed and ownership changes hands. In most cases, that’s about 30 to 60 days from when your offer is accepted.
But what if that doesn’t work with the seller’s timeline?
How can a flexible closing help you?
Some sellers need to get out fast. They could be relocating and need to move immediately. Maybe they already bought a new home. By offering a fast closing, you can help them to avoid paying two mortgages.
Other sellers need more time. Maybe they’re building their dream home and hit an unexpected construction delay. Your flexibility with a delayed possession date offers them the security of having their new home lined up before they have to move.
How else can we sweeten the deal?
Let’s say the best bid you can make is a bit lower than the listing price. Offering a seller rent-back might encourage them to choose your offer over others that are less accommodating. This lets the seller rent the space from you for a set amount of time until they’re ready to move.
To make a flexible closing date work for you, remember to go on a month-to-month lease or have alternative housing options ready.
When you’re ready to make an offer on a home, keep in mind that understanding what motivates the seller is how we’ll get your offer accepted.
Ready to start your search? Reach out today.
You saw an online ad for low mortgage rates and decided to apply — just to see if you qualify. Now your phone is buzzing nonstop, and lenders are emailing you about “DTIs” and W-2s.
The onslaught of financing questions can be baffling when you’re tackling them alone. But it doesn’t have to be that way.
Looking for some insight to make financing more straightforward? These four tips will get you started:
1. It’s okay to play the field.
Don’t be afraid to apply for several loans with different lenders to compare the terms and rates. You can — and should — shop around.
Just be sure to do so within a set time period to avoid multiple credit inquiries.
2. Manual underwriting can help you qualify.
Most lenders automate their approval process to speed up transactions. However, if you fall outside conventional requirements, they can’t see your full financial picture. That’s where manual underwriting comes in.
Buyers with concerns about their income or credit should verify that their lender will manually underwrite the loan if needed.
3. Broaden your prospects with a fixer-upper mortgage.
Buying a fixer-upper can give you more home at a lower price. Did you know that the Federal Housing Authority (FHA) and Fannie Mae offer loans that will cover the mortgage and necessary home repairs?
4. You don’t need 20% down.
Perhaps the biggest homebuying myth is that you can’t buy without 20% down. But you can. Here’s how:
- Low Down Payment Options: FHA loans only require 3.5% down with a FICO score of 580 or higher, or 10% down with a score of 500 to 579.
- 0% Down Options: Buyers shopping in rural areas may be eligible for a USDA loan with 0% down. For qualified veterans and active-duty military members, VA loans often have no down payment requirement.
- Buyer Assistance Programs: There are down payment and closing cost assistance programs available to first-time homebuyers. Not a first-timer? Some are also available to those who haven’t owned a home in the past three years.
Mortgage financing can feel overwhelming. But you’re not in it alone.
Reach out today for a referral to a trusted lender to get preapproved for your next home.
Like many homeowners, you might be hoping to capitalize on the hot summer homebuying season to sell your house for a pretty penny. Who knows, maybe you’ll even make enough for the beach house you’ve been eyeing or for a long summer getaway.
But first, you’ll need to get your home ready to sell. And getting a home inspection may be one of the best ways to do that.
Inspections can shed light on potential issues and help you make necessary repairs before listing your home. It might even help you fetch a higher asking price if the inspection shows that your home is in better condition than others in the area.
All in all, an inspection can:
1. Alert You to Issues Before Going Under Contract
A home inspection can highlight issues that might concern potential buyers.
Pro tip: You should fix any issues that pose a safety hazard. And your inspection report can serve as a repair guide before listing.
2. Gauge Your Pricing Expectations
Inspections help you get a handle on what condition your home is in and what price it might fetch.
Pro tip: A clean inspection report, or proof of recent repairs, can help buyers feel more confident in making an offer.
3. Prevent Closing Delays
If issues crop up during the buyer’s inspection, it could delay closing due to repairs or prolonged negotiations. The buyer could even pull their offer altogether.
Pro tip: Fixing issues before listing the home can improve the outcome of your buyer’s inspection. And that could mean less negotiation on the whole.
Keep in mind that inspections come with an upfront fee, and you’ll be legally required to disclose any issues the inspector finds. However, we can discuss the inspection report to see how repairs could affect your home’s market value.
Are you considering selling your home this year? Want to know what it’s worth or what you can expect in today’s market? Reach out today for a free local market report and see how your house measures up.
You’ve been living with your best friend since freshman year of college, and it’s been a blast. So why not pool your money and go in on a house together? After all, it’s easier to buy when you have two incomes.
It’s true that co-buying a home with friends or family can make it easier to own a home. And it can reduce your upfront costs.
But there are a few unique differences to co-buying. Here are three you should consider and discuss before you jump into the process.
1. What type of ownership will you have?
Don’t assume that splitting the mortgage determines the ownership.
If one person will be paying a larger portion, you might want to be tenants in common. This also allows you to transfer or sell your share of the property at any time. But if you want to divide the ownership equally, you can choose to be joint tenants.
2. How are your credit scores looking?
When two buyers are on a mortgage app, lenders use the lowest credit score to determine the interest rate.
Do you both have excellent credit? If not, you could have only one person on the mortgage loan, but you’ll only be able to count one income to determine the loan size.
3. How will you pay your bills each month?
This sounds like a minor detail, but it’s important to be on the same page about finances before the bills come in.
Will you pay bills out of a joint household account? Or will one person pay the full bill and have the other pay them back?
Once you’ve discussed your plans for the finances and ownership, your best bet is to have a legal agreement prepared ahead of time.
Have more questions about co-buying a home? Reach out today to discuss your needs and get the process started.