Ten Mistakes that will ensure that your house DOESN”T sell

Just as there are many things you can do to improve your chances of selling your house at a great price, there is an equal number of things that will drive away potential buyers and leave you scratching your head.

If you are working with a realtor, he or she will be able to make suggestions on how to make your particular home more saleable, but addressing the following problem areas is always a great place to start.

A smelly house is not an attractive house to potential buyers. The problem with odors such as cigarette smoke and pet smells is that you live with them day in and day out and may not notice them. To an outsider, however, the smell will be pungent and noticeable. You can get rid of these odors by smoking outside, keeping litter boxes fresh and in a contained area, repainting walls, shampooing and steam-cleaning carpets and opening your windows to let in fresh air. Don’t try to cover odors with an air freshener without taking steps to eliminate the problem; it won’t work and your house will still be smelly and unwelcoming to potential buyers. Removing odors from mold and mildew can be a little tougher and may require professional intervention if the affected area is not easily accessible (between walls for example).

Pets: you love them and think of them as part of the family. Your potential buyer may not share your sentiment, so like other members of the family, your furry companions should not be on site while someone is inspecting your house. Pile everyone in the family vehicle, or crate your pets in the yard so potential buyers can look around without being barked at, snarled at or pounced on.

Bathrooms are associated with hygiene, so unclean bathrooms are a major turn-off for most buyers. Make sure your toilet, tub, and sink are sparkling clean and that the drains are clear and free of wet hair and other odor-trapping debris. Shine your faucets and mirrors, de-clutter the medicine chest, empty the trash pail and launder your towels, shower curtain and floor mats.

Dark rooms look dingy and uninviting. Increase the brightness factor of your rooms by adding brighter bulbs (if appropriate), installing extra fixtures, or by placing accent lamps or cabinet lighting throughout the room. An even simpler fix is to pull back heavy curtains and lift your blinds. Trimming low-hanging branches from nearby trees can also help.

Busy wallpaper is a no-no. Too many patterns can be distracting and can date your décor. Consider removing busy wallpaper, but don’t paint over it because that will look even worse.

Wet basements are a cause for concern as they can indicate foundation leaks. More often however, damp basements are a sign of poor ventilation, plugged drains, or improperly positioned downspouts. Remove any mold or mildew that may have appeared as a result of dampness.

Bugs; they’re usually harmless, but still an obstacle to home sales. Squash what you can, clear cobwebs, and enlist professional help if you have an infestation.

Low curb appeal can discourage potential buyers from taking a closer look at your home. Spruce up your yard, entry and façade. Make sure your paint isn’t peeling, and that gardens look their best, even if out of season. Bicycles, lawn mowers and tools should be neatly stored in a shed or in the garage if necessary.

Plugged Gutters. Potential buyers may not notice blocked gutters during an initial showing, but they will turn up during a professional building or home inspection, which could be the difference between a conditional sale going ahead or not.

Clear out when someone is looking at your house. Potential buyers may feel awkward looking around your house if you are hovering over their shoulder. Working with a realtor to sell your house eliminates this problem, as they act as chaperone during the showing without intimidating your buyer.

Most of these fixes are simple and inexpensive to implement, yet can have a major impact on the saleability of your house. If possible, address any of the issues that are present in your home before you list it for sale.

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Maximize the look of your home: Getting ready to show off

First impressions mean a lot especially if you’re trying to sell your home. Time and effort should be invested into your house for the needed repairs and cleanup both inside and out. All homes can use some sprucing up and fixing, and with the right attitude and plan your house can go onto the market looking sharp and neat, and you can feel more confident that it will find that perfect buyer in a timely manner.

The outside appearance of your home can mean the difference between selling it or not. When trying to ready your house for showing it to potential buyers you need to become a curb appeal inspector so to speak. Curb appeal is how your home presents itself to the prospective buyer, and it is one of the key factors that will draw many people into looking at your house, and increasing the chances of selling your home. Remember too that not only will your front yard and house draw attention, but many lookers will often quickly pull into a driveway to see if they can see the perspective of the back. Your curb appeal should begin with a curb side view of how your house looks. View your house at different times of the day because light intensities will help you notice the different aspects that need attention. Go out into the road and approach your house and write down its positive and negative aspects. Take note of any repair and maintenance work that needs to be done, and look for ways to enhance the positive and improve the negative.

Once you have made a check list of the curb appeal begin with the overall maintenance of the yard both front and back. Drastic improvement can be seen by mowing, weed eating, raking, trimming trees, and eliminating blown trash from the road, or unsightly visible garbage cans. Take the time to power spray siding and brick, and any other concrete area outside your house. Look on top of your house and fix any loose shingles or hanging gutters or leaning vent pipes. Dirty screens and windows need to be cleaned too, and do a little polishing on mail boxes and front door house numbers. Window seals should be inspected for cracking, and dirty window boxes should be painted and replaced with new flowers for the season. Fenced areas whether wooden, metal or plastic should be inspected for dirt, cracking and peeling paint, and promptly fixed so your house will not present a run down and dingy look. Consider too that improvements can be made by eliminating obstructive views of your house, such as trees, poles or large unattractive lawn decorations too. New lighting fixtures add a warm glow for buyers at night. Approach maintenance work with the right view point of if it needs to be fixed it will be improved.

Moving from the outside to inside is the goal. Now that you are inside look around and become a home living inspector. Make your house as home friendly as it can be without the clutter. Organize and store unnecessary closet junk. Wipe down walls in mildew areas such as the kitchen, bathroom and laundry. Clean and organize their supply places and wipe off cabinets. Ceiling fans, lights and mirrors when cleaned will add a real glow to the inside, and will shine brightly outside, if you have done your proper outside curb inspection. Take down curtains and shades and clean according to directions. If necessary replace existing shades if they are to dirty to clean. Always save cleaning floors for last whether it is carpet, linoleum or tile. Don’t forget to spray an air neutralizer, and to leave the heating or cooling system on. Stale or smoke filled air will turn most potential buyers off. If your house smells clean buyers will know that you care, and in effect this means that your house will not sit on the market long because of buyer confidence.

Preparing your house to sell does not have to be an intimidating process. Start with a plan and stick to it. If necessary ask for others input, such as a realtor or friends and neighbors. Think deep cleaning and maintenance, and as you wait for your home to sell continue to keep up all the improvements you have made, so you will be closing on a new house in record time.

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Maximize the look of your home: Getting ready to show off

First impressions mean a lot especially if you’re trying to sell your home. Time and effort should be invested into your house for the needed repairs and cleanup both inside and out. All homes can use some sprucing up and fixing, and with the right attitude and plan your house can go onto the market looking sharp and neat, and you can feel more confident that it will find that perfect buyer in a timely manner.

The outside appearance of your home can mean the difference between selling it or not. When trying to ready your house for showing it to potential buyers you need to become a curb appeal inspector so to speak.  Curb appeal is how your home presents itself to the prospective buyer, and it is one of the key factors that will draw many people into looking at your house, and increasing the chances of selling your home. Remember too that not only will your front yard and house draw attention, but many lookers will often quickly pull into a driveway to see if they can see the perspective of the back. Your curb appeal should begin with a curb side view of how your house looks. View your house at different times of the day because light intensities will help you notice the different aspects that need attention. Go out into the road and approach your house and write down its positive and negative aspects. Take note of any repair and maintenance work that needs to be done, and look for ways to enhance the positive and improve the negative.

Once you have made a check list of the curb appeal begin with the overall maintenance of the yard both front and back. Drastic improvement can be seen by mowing, weed eating, raking, trimming trees, and eliminating blown trash from the road, or unsightly visible garbage cans. Take the time to power spray siding and brick, and any other concrete area outside your house. Look on top of your house and fix any loose shingles or hanging gutters or leaning vent pipes. Dirty screens and windows need to be cleaned too, and do a little polishing on mail boxes and front door house numbers. Window seals should be inspected for cracking, and dirty window boxes should be painted and replaced with new flowers for the season. Fenced areas whether wooden, metal or plastic should be inspected for dirt, cracking and peeling paint, and promptly fixed so your house will not present a run down and dingy look. Consider too that improvements can be made by eliminating obstructive views of your house, such as trees, poles or large unattractive lawn decorations too. New lighting fixtures add a warm glow for buyers at night. Approach maintenance work with the right view point of if it needs to be fixed it will be improved.

Moving from the outside to inside is the goal. Now that you are inside look around and become a home living inspector. Make your house as home friendly as it can be without the clutter. Organize and store unnecessary closet junk. Wipe down walls in mildew areas such as the kitchen, bathroom and laundry. Clean and organize their supply places and wipe off cabinets. Ceiling fans, lights and mirrors when cleaned will add a real glow to the inside, and will shine brightly outside, if you have done your proper outside curb inspection. Take down curtains and shades and clean according to directions. If necessary replace existing shades if they are to dirty to clean. Always save cleaning floors for last whether it is carpet, linoleum or tile. Don’t forget to spray an air neutralizer, and to leave the heating or cooling system on. Stale or smoke filled air will turn most potential buyers off.   If your house smells clean buyers will know that you care, and in effect this means that your house will not sit on the market long because of buyer confidence.

Preparing your house to sell does not have to be an intimidating process. Start with a plan and stick to it. If necessary ask for others input, such as a realtor or friends and neighbors. Think deep cleaning and maintenance, and as you wait for your home to sell continue to keep up all the improvements you have made, so you will be closing on a new house in record time.

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Owning vs. Renting – The Big Debate

There comes a time in everyone’s life where they have to make the ultimate decision and decide whether to buy and own their own home or continue to rent. It’s a huge decision as both have notable benefits and disadvantages and it is not one to be taken lightly. So lets have a look at these advantages and disadvantages to see which option is really the best option for you.

Owning your own home is the traditional dream that practically everyone has, especially when it comes to starting a family. It gives you a feeling that you have accomplished one of your goals and that you are both financially and emotionally secure as well as giving you a great sense of community. But is it the right decision for you? Lets have a quick look at the advantages and disadvantage of buying and owning your own home.

Advantages:

You set your own rules

You have a sense security

You have made a great investment

You have a sense of freedom

You get various sorts of tax rebates and deductions

Your repayment is usually the same or sometimes even lower than it would cost to rent

Your repayments aren’t wasted like rent – they are going into owning your own home

You have the freedom to do what you like in terms of renovating and decorating your home and gardens

You build equity in your home over time

You have a better credit rating if you ever needed a loan again

Disadvantages:

You are liable for any accidents and injuries on your property

You are liable for any damage that is caused to you neighbors property if it stemmed from yours. For example if you have a tree that has a branch hanging over the neighbor’s yard and it breaks off, it can cause damage to their house which you are responsible for.

You are responsible for any maintenance in, on, or around your home

You haven’t the ease to just pack up and move when ever you want

You have a huge loan that needs paying off even if you are having financial hardships

You are responsible for all the insurance on your home and land

Varying equity rates

You will need to pay out a large down payment up front

You have property taxes to pay

Renting is something most of us start out doing and many people are comfortable doing it all their lives. There are many advantages to renting a home but there are also a few disadvantages. Let’s have a look at them.

Advantages:

You can up and leave as soon as your lease is up

If you hit financial hardship you can again move

You have little or no responsibility for maintenance

Sometimes utilities are included in the rent

Sometimes you have free use of amenities such as laundry, pool and other sorts of actualities

Disadvantages:

You have little or no freedom in what you can do with the place

You may face increasing rent

You have limited space for your money

You are not eligible to get any tax deductions

You are at risk of being evicted

The house could be sold and you can be asked to leave

You could have restrictions on certain things like noise and pets

You could have a restriction on how many people can live with you

Your rent isn’t going into a productive investment for you

As you can see clearly there are many advantages and disadvantages to owning your own home and renting. Some have advantages and disadvantages the other doesn’t have, but both can be a comfortable way to live. When it really comes down to it you have to choose the one that suits you’re financial, emotional and lifestyle needs at this time. You have to take your future into account as well, will you want to be tied down and take responsibility for a huge investment or will you prefer the freeness of being able to move whenever you please?  It can be quite a hard decision to make and it is one that needs a lot of time and thought before you proceed to take any further steps.

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The Basics of Selling a Home

The process of selling your home can differ from state to state. Before putting your house on the market, there are some important steps you must take to get the most from your investment and to protect your interests.

Step One

Get pre-approved to buy another house before you sign a contract to sell your own home. If your financial situation changed since your last purchase, it’s possible that you may no longer qualify for another loan. You may also be unable to sell your house for a price that will allow you to buy another house you want. This way, you won’t end up renting or buying a house you don’t really want. When applying for a pre-approval, be sure the lender discloses the estimated costs required for you to purchase a new home, such as: the loan price, down payment, new insurance, title and inspections fees.

Step Two

Call your lender to check the mortgage pay off and calculate the estimated proceeds. First, you will need to subtract the mortgage pay off from the fair market value of your home. Second, you will need to subtract the costs to sell your home from the remainder in order to get an idea of the proceeds you can expect to be paid at closing.

Step Three

Determine your homes fair market value. Most real estate agents will gladly help you determine the market value as a courtesy and may also give you helpful hints to what you can do to increase the value of your house. You may also consider hiring a licensed appraiser, which you will have to pay for out of pocket, to perform an appraisal on the subject property.

Professional appraisers will provide you with a detailed report that will usually include: the neighboring property values in comparison to your own, an evaluation of the real estate market in your area, harmful issues to the property’s value and any defective qualities.

Step Four

Estimate what it will cost you to sell your house. If you are using a real estate agent, you may have to pay their commission. If you are planning to sell by owner, then you must consider the advertising, signs, attorney fees, closing agents and other possible fees involved. These other fees may include: appraisal, inspections, surveys, taxes and home owner association fees. Real estate agents can give you a more precise estimate of the closing costs and any other fees that may be involved. Real estate agents are professionals that deal with these transactions every day and can prove to be a valuable asset to you.

Step Five

Make repairs. Whether these repairs can be done by you or by hiring a contractor, they should be completed. If there are too many repairs that need to be done, your home will be considered a fixer upper. You want to get the most out of your house and dissuade potential buyers from submitting insultingly low offers. These repairs can range from fixing a broken window, adding a fresh coat of paint, replacing or repairing the flooring, to spackling a hole in the wall. The larger repairs may include fixing a damaged roof or repairing damaged siding. Other issues that can deter a potential buyer is mold and mildew stains and odors, leaky basements, lead based paint, broken gutters, location or type of circuit breaker, plumbing problems and old or faulty electrical wiring.

Step Six

Before you show your house, do some spring cleaning, regardless of what season it actually is. Organize your shelves and closets, wash the crayons off the wall, dust off the blinds and window sills, clean away the cob webs and wash all windows and appliances. You will want to make everything as spotless as possible and remove any offensive odors and clear the clutter. You will need to present your home in a clean and appealing way to the potential buyers.

You may also need to work on the exterior part of the house by scraping and painting porches and windows or maintaining an appealing lawn. You can also add low maintenance decorative flowering plants and shrubs to dress up your yard.

Now that your home is ready to show, make it accessible to real estate agents with potential buyers at all times. Most buyers feel more comfortable being shown a house when the owner is not present. If you decide to take a walk while your house is being showed, make a note to the agent if there are any pets on the premises. You will want to be sure that your cat doesn’t get out the door or that your dog is securely locked up in a crate or in the back yard. You want everything to go as smoothly as possible.

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