Curb Appeal: Make your home stand out!

Enhancing the look of your home from a street perspective is a great way to attract potential buyers. After all, the ‘curb appeal’ of your home is like a major plus for people driving through your neighbourhood or who see your house in a real estate for-sale photo. By putting in a little extra effort, you can improve your home’s curb appeal and increase your chances of an earlier sale at a higher price.

You probably live in the house you are trying to sell, and therefore you are familiar with its appearance – perhaps too familiar. Chances are, you don’t notice small cracks or peeling paint the same way someone seeing your home for the first time would. Starting from a position on the street, take a close look at your home. What stands out? What looks wrong? Does the tree in front need pruning? Perhaps a shutter needs to be repainted? Maybe the porch light fixture is broken. These are generally small tasks that don’t take a lot of time or money to repair, but that make – or detract—from the look of your home. It may help to take a photograph of your home from the street to see if that gives you a new perspective.

Here are some areas to consider when sprucing up your home for increased curb appeal and sale:

You will have more potential buyers in people can find your house. Your house number should be displayed in a prominent location and illuminated so that it is easy to read. This is extremely important in the evening and during the winter when daylight is limited. If your house is set back a fair distance from the street, consider installing your number on a gate, pillar or fence post that is easy to see.

The old adage that cleanliness is next to godliness applies to your house, too, particularly when you want to sell.  The exterior, including eavestroughs, should be neat, clean and in good repair. Downspouts should have extensions to take water away from the foundation to avoid pooling. Any settling of backfill around a house should be corrected to ensure that the grade at the foundation is higher than surrounding areas.

A lush green lawn enhances your home. It should be freshly cut, weeded, and edged. Flower beds should be weeded and cultivated, hedges trimmed, and garden debris removed. If your lawn isn't in good shape, time will be required to improve it, and professional help may be desirable. Any areas that require new grass should be sodded rather then re-seeded to ensure a finished appearance. If you are selling during the fall or winter, when your yard may not look its best, make sure that all dead material is removed from gardens and leaves are raked off the lawn. Store shovels and other equipment in a shed or other out-of-sight location.

Doors should be unmarred, clean, and repainted with care if necessary. The doorbell and door hardware should be in good repair. Potential purchasers who see a Realtor wrestling with a reluctant door lock may wonder what else is wrong with the house.

When a Realtor is opening the door of your home, a potential purchaser has plenty of time to look at the porch and entry. Accordingly, they should be clean and tidy. Do not allow flyers to accumulate, and if there is a doormat, it should be clean and in good condition. Decoration such as a tasteful wreath is fine, but don’t overwhelm your entry and door with frilly adornments.

Your garage should be a storage area for automobiles, not for miscellaneous articles. To make the best impression, it should be clean and tidy, with garden tools hung neatly off to one side or in a storage cabinet. If they can't be stored elsewhere, bicycles, the snow blower, and the lawn mower should be placed so as not to impede movement around the cars. Garbage containers should be empty and clean. Illumination should be bright, ideally with a 150 watt bulb, at least during the listing period.

The driveway should be degreased and sealed.

Walkways and patios should be clean and free of cracks, with litter removed (if your walkway or patio has unwanted grass or weeds they can be eliminated easily and in an environmentally friendly way with boiling water or a propane torch). In winter, the driveway, walks, and porch stoop should be cleared of snow and salted if necessary. Inside the front door should be an overshoe tray, and a carpeted area where overshoes can be removed.

Your home is an investment, and by taking a little time to put it in top form, you will get a higher return on that investment when you decide to sell.

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Property disclosures: The facts

If you’re considering selling your home with out the use of a realtor, then you need to understand that there are conditions backed by laws of the state and federal government governing the sale of your home. By following the rules and regulations you will save yourself money, time and later possible unpleasant legal ramifications. All of these conditions must be investigated and settled before you attempt to advertise your home for sale. Ideally make sure you understand first the full responsibility of selling your home independently before you place your home on the open market, and realize that this is the first step in the process of home selling.

Most states in the US require that if you’re selling your home whether through a real estate agent or as a FSBO (For Sale by Owner) you must give to a potential home buyer a Seller Disclosure of Property Conditions form. This form discloses information about your property that would affect the living conditions or the resale able value of the home. Disclosure of property conditions includes any past or current problems with the property. Check out the different categories of property disclosure, and make sure that you list the necessary information required under each one. This list may or may not include issues that you would need to be concerned about, so make sure to check with your state and local agencies for complete information.

House Systems – Includes areas such as plumbing, electrical, appliances, doors and windows, security system, pool, sprinklers, sump pumps, cooling and heating.

Foundations/Structures/ Basements – Includes leaking and repair issues and drainage problems surrounding the house.

Roof – Includes age, leaking and repair issues, second and new roof installation, time frame of roof repairs, and when or how often the roof leaks.

Land/Drainage – Includes soil permeability issues such as drainage or flooding problems, or are there any other water sources such as a lake, spring or creek.

Boundaries – Includes survey issues such as boundaries of property line, markage of known property lines by what means, such as moveable property stakes as rocks or trees. The allowable property easements for your area, as well as any other obstructions to property such as encroachments by other property owners.

Water – Includes source of water and water pressure issues, and purification systems and tests conducted on water quality.

Sewer System – Includes how property is serviced for sewage waste, such as septic, public utilities or cess pool. Dates of inspection and known sewer problems.

Construction/Remolding - Includes information on any new buildings or remolding to existing structure, and the necessary building permits.

Homeowner’s Association – Includes information of any homeowner’s association rules and guidelines.

Miscellaneous – Includes many areas to numerous to list, but some areas of information encompasses testing for radon gases, termite damage, abandoned under ground storage areas such as septic tanks or cisterns. Issues such as warranties, legal actions, or weather related damage such as tornadoes.

Just as important as you’re state and local laws is the federal laws that regulate selling your home. Two issues of primary importance are disclosing lead paint and the conformity to the fair housing laws. According to federal law you must disclose if your home was built or remodeled before 1978. This law was passed and is now enforced by the EPA (Environmental Protection Agency) because of test results that show that lead based paints can cause detrimental affects on human health, especially in babies and small children. Lagging mental function and stunted growth can occur if sufficient amounts of lead based paints are consumed or particles inhaled. Disclosure of test results and the opportunity to test is federal law. Also, fair housing laws require adherence to the selling of your house, although if selling as FSBO the regulations are a bit more lax. The Fair Housing Act, under the Civil Rights Act of 1968, requires that sellers may not discriminate when selling a property. Discrimination is not allowed based on race, color, national origin, religion, sex, familiar or handicapped status.

Another area to consider before you advertise your house for sale is how to weed out the lookers among the potential serious buyers for your home. Many FSBOs can request that buyers become pre-approved by a financial institution before a bid will be accepted. During the home tour you can set parameters too by inquiring on the buyer’s ability to quickly obtain financing. You might not want to wait while they must sell their house first in order to buy your house in a timely manner.

Sticky decisions concerning the contract should fully spell out the conditions of the sale, such as any deposits that are required and the ability of the buyer to have their deposit returned. Protection is provided to both when a contract is clearly written for both parties, as for example the ability of you to keep any monies from a buyer that backs out because of an unjust cause. Always make sure to consult an attorney when writing up your contract to sell your home. Remember too that laws fluctuate from state to state and being prepared is the best defense against an unsold home.

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Easement, Right of Way, and Restrictive Covenants: What are they and why do you need to know?

When you are in the market to buy a home, you are going to come across a lot of terms and real estate lingo that you have probably never heard of before. Buying property is like stepping into a whole new world with so much to learn, processes to endure and rules and regulations that must be followed to a T. Most home buyers are amazed on how much they learn so fast. Take for instance the importance and benefits of an easement, right of way and restrictive covenants. What are they and why do you need to know? Well, let’s take a look.

Easement. An easement is the right to use someone else’s property for a specific purpose. Normally these easements are granted to telephone companies or to public utility services to run lines under joint properties or perform other work on or under your property to neighboring houses. A housing developer may also possess an easement to allow him to build or maintain a water storage facility on your property.

Long ago easements were limited to the right over flowing waters and other rights that would only be attached to adjacent properties to benefit all parties involved and not just one specific person. Easements can be beneficial to a property as well as significantly affecting the value of the property. All easements should be included and described in your deed and remain there until your land is sold.

Usually a land owner who grants an easement cannot install fences or build other structures within the easement area that would impede access. Before purchasing any property, you should be fully informed of where all the easements are placed and any restrictions associated with them.

Right of Way. A right of way is a different form of an easement that has been granted by a property owner to give permission to others to have reasonable use of your property as long as it doesn’t interfere with your personal time. Ownership rights to the property may be lessened by an easement, but there can be a great amount of benefits due to the additional freedom.

Restrictive Covenants. They may not sound like it, but restrictive covenants are actually a good thing. Restrictive covenants are basically deed restrictions that apply to groups of homes as in a subdivision. The restrictions are normally placed there by the developer and can be different, depending on what area you live in. These restrictive covenants help give a development a more common appearance and market value and will also help control some of the activities taken place within those boundaries. When enforced, these covenant restrictions can help prevent homeowners from letting the appearance of their property fall into disarray and actually protect the property values.

Although these restrictions are normally a plus, all home buyers should always do their homework and study the restrictive covenants before making an offer on any home. It’s important for home buyers to understand restrictive covenants and other deed restrictions because these restrictions dictate how you can use the property. Home buyers need to be certain that they will be able to live with the rules and regulations before deciding to buy.

Other issues you may see in a restrictive covenant may be:

1. Easements for pathways and other land use that must be described.

2. Maintenance or other amenity fees.

3. Rules regarding pets and other animals, e.g., prohibitions on breeding domestic animals, livestock or having unchained pets.

4. Rules regarding home businesses or renting homes.

5. Clauses that dictate what types of fences, if any, can be used.

6. Clauses that prohibit home owners from storing clutter, inoperable vehicles or other recreational vehicles within view on the property.

This is only an example of what can be expected in a restrictive covenant. This is why it is so important to thoroughly investigate what restrictions apply before placing an offer. Your real estate agent or the seller of the property should supply you with a list of restrictions before you make an offer. These restrictions may or may not benefit you, it all depends on the buyer and what you are looking for. It’s important for you, as the buyer, to be well informed to protect your own interests.

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Open house: How to make the most of the visit

Buying a house for whatever reason should be a fun and exciting time.  Open houses are an enjoyable event.  You may even visit three or four different homes in one day.  There are special things to look for when going to see these houses.  An open house is used to check the market and let potential buyers window-shop.  There are certain criteria you have in mind when searching for the perfect home.  Jot those ideas down and compare them to the homes you view.

Take a notepad with you to each house and make a note of the address of the homes you visit. Jot down things you like and dislike about each house. This will help you keep track of which house is which.  Make note of nearby schools, the general neighborhood, how close is freeway access, where are the shopping malls, and any other information that will help you decide on your choice of home. The commute to work is a vital piece of information.  Many forget to consider how far away the job is.  The last thing a person wants to do is spend too much time on the road instead of with the family.  When attending an open house, remember that the neighborhood surroundings are an important aspect to purchasing a house.

Check the condition of the house, the road and the yard.  Is it suitable of children or pets?  Who will take care of the yard or can you hire a gardener?  Whatever you desire, be sure to think of everything and take plenty of notes.  A poloroid camera is well worth taking. Clip instant snapshots to your notebook to help you remember specific houses. Buying a house is an important step, so make sure you know what to look for.  Check everything.   Notice cabinets, appliances, doors and even views out of the windows.  Listen to noises that could be bothersome, such as a train that passes near by or a freeway. Make sure there is plenty of living space or room to add more if you desire.  Most people forget to ensure there is enough closet and storage room.  Write down vital pieces of information which should include anything that will help you with your decision.

At the open house, an owner or broker is likely to be present. If there is one in attendance, ask questions.  Find out all the little secrets about the house.  Granted they will not always be straightforward.  Have a memo of each inquiry.  Put in writing all the answers.  When you make the choice on a house you can add these questions into the sales contact and re-ask the query.  If these replies differ in the writing stage you may not want to do business with these people after all.  All homes have concealed facts.  Some are not real terrible but others can be horrendous.  Interrogating the owner or broker is an ideal way to find out things that are not visible.  Do not be shy about wanting to know how your dream home is really shaped.

Many times, several brokers, lenders or agents frequent open houses.  They want your business as soon as you step foot onto the property.  Do not sign anything.  Even if this were the house you would like to purchase.  On sight people have one agenda, to sell you something.  Usually the brokers who visit many different open houses will try and get you to view other properties.  Which is fine, however they do not know anything about your wishes of the home you want.  The mortgage lenders may try to sell you a different house at a better rate.  However, in the end it is more likely you will end up paying more.  At the stage of an open house it is most probable you are playing the field.

Going to an open house is a time-honored tradition.  Open houses are for looking and sometimes even buying.  With an important and expensive decision to make, it is better to research and look at all of your options.  When venturing upon an open house, understand all the choices offered.  Try not to be persuaded in making rash decisions.  You have the option of looking, taking those important notes, returning to look some more, and even moving on if this house is not for you.

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Open House: How to make the most of the visit

Open house is a great opportunity for both the buyer and the seller.  It gives the seller the chance to showcase their home and the buyer can view the home in all its glory.  Buyers love to scope out potential homes and many offers are made at open houses.  After all, open houses are really sales presentations. In order to have a successful open house, there are some tasks that should be completed by the seller beforehand.

The most obvious task is cleaning.  The house should be spotless, including appliances.  If you work full time and don’t have the time to get the house cleaned, hire a house cleaning service.  The money spent is well worth it if you are able to sell quickly.  It might be hard to keep it clean if you are still living there, but you must make a concentrated effort to try.  Your home presentation must be impeccable.

Keep foul and mysterious odors away.  The first thing a potential buyer will notice is an offensive odor and you will probably never see them again.  Regularly inspect your home for potential odor sources and keep a steady supply of candles and air fresheners on hand.  If you have an indoor cat, keep the litter box out of sight and scooped out daily. 

Clutter is a major turnoff to potential buyers.  It just isn’t comforting to see piles of clutter everywhere.  Keep small appliances stored instead of out on the countertops.  Remove photographs and knick-knacks.  You want people to envision their belongings in the house.  Clean out and organize the closets.  If there is no reason for something to be displayed, get rid of it.

If you can, remove non-essential furniture to make the rooms appear larger.  Spacious rooms are more appealing to the eyes.  Keep your boxes of junk stored out of sight.  It is a good idea to start figuring out what you need and what you can live without.  It would be a good idea to have a garage sale before you put the house on the market.  If you can’t bear to part with anything, rent a temporary storage unit.

You cannot ignore the outside of the house either.  The outside presentation has a major impact on the buyer.  Clean the leaves out of the drain gutter, don’t let garden hoses or other tools pile up outside.  Pick them up and store them elsewhere.  Make the effort to beautify the front entry.  If the door handle is rusty or the whole door looks junky, get a new one.  Keep the flower beds neat and free from weeds.

Look at the walls and try to put yourself in the buyers’ shoes.  How would you look at the walls in someone else’s house?  Is the paint chipping or is the color outdated?  It would be well worth your time to give the walls a fresh coat of paint.  Nothing makes a room come alive more than a fresh coat of paint.  Give the rooms a little bit of a makeover with new décor that compliments the wall colors.  If you have a garden, bring in some fresh flowers and put them in attractive vases.

Establish a pleasant atmosphere by baking bread or cookies.  Candles add a nice touch along with background music.  Classical or jazz music are both good choices.  You want to convey style and elegance to your audience.  First impressions go a long way.

When trying to sell your house, you should be prepared for a showing at any time.  Last minute requests are very common and can turn into offers.  You have the option to request 24 hours notice before a showing, but in doing so you limit your home’s exposure.  Try to be as flexible as possible.  Accommodating the hectic schedules of a potential buyer will make you and your home look that much better.

It is a good idea to not be present for the showing.  Buyers might not feel comfortable in your presence or they might be afraid to ask a particular question for fear of offending you.  If they can’t view the house fully, they will probably just move on to the next one.  You don’t want that.  They are supposed to fall in love with your house.

 

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