Wednesday, December 4, 2019 / by Elizabeth Sorensen
The number one question looming in a seller’s mind when considering whether to sell their home is, “How much money will I get.” Closing costs for sellers are obviously different than a buyer’s closing costs which are heavy in loan fees. These closing costs vary according to where you live, but as the seller you can expect to pay anywhere from 6 to10 percent of the home's sales price at settlement/closing. This won't be cash out of your pocket, rather it will be deducted from the profit on your home — unless you are selling with very low equity.
Let’s look at a break-down of the expenses you can expect to see on your settlement statement:
#1- Mortgage Pay-off- Unless your home is paid off, you will obviously have an underlying loan to pay-off when selling your home.
#2 Real Estate Excise Tax- Also known as the REET, this amount varies depending on the area.
The Legislature changed the state REET rate for most sales of real property in ...
Wednesday, December 4, 2019 / by Amber Tice
Do you want to WOW potential home buyers? There are so many different ways of staging your home that will make even the ficklest of home buyers drop their jaw. And guess what? Staging isn’t the only thing to get people talking!
Creating space: Declutter, declutter, declutter, But, not only that, you want your furniture to create the illusion of space. Make sure you are experimenting with different ways of staging your home in order to create the most space possible.
Lighting: I can tell you the most annoying thing about my house is there is no lighting in the living room. You can bet buyers will feel the same way walking into your home so make sure you have ample lighting in all rooms. You may even want to consider installing LED light bulbs, placing lamps in the bedrooms, and making sure you have lights on when you have a showing scheduled. Open curtains so that plenty of natural light shines through as well.
Friday, November 29, 2019 / by Elizabeth Sorensen
You’ve received an offer on your home and you’re thrilled at the prospect of getting the deal done. But first you need to make it through the next hurdle: the home inspection. In most real estate contracts, a home inspection contingency is in place, allowing the buyer a chance to back out should significant mechanical or structural issues come to light during the inspection.
While you may think your home will pass with flying colors, it’s at this stage that many deals fall through. With so much at stake, it makes sense that sellers would want to do as much as they can in advance to get their home in the best possible shape before this top-to-bottom review. By addressing any problems, sellers can assure buyers that the property is in move-in condition and save themselves a lot of negotiating and repair work down the road.
The following are areas where unpleasant surprises often arise and, ultimately, either kill the sale or cost the seller a bundle.
1. The foundatio ...
Friday, November 29, 2019 / by Amber Tice
If you are thinking about selling your home there are several things you should consider when it comes to attracting home buyers.
Here are five things about your home that could potentially turn off home buyers:
A Cluttered Home: Home buyers will have a hard time picturing themselves living in your home if you haven’t decluttered. It is important to make sure you are staging your home in a way that is warm and inviting for potential home buyers. Pack up all of your knick knacks, family photos, and extra furniture that doesn’t look like it has an intentional purpose.
A Weird Smell: If you have pets, or if you allow smoking in your home you can bet potential home buyers WILL be able to smell it from the moment they step in the door. It is essential that you mitigate this issue BEFORE you put your home on the market. I have seen homes sit on the market for MONTHS because of the smell. Don’t be that guy. ...
Thursday, November 21, 2019 / by Elizabeth Sorensen
After all of the preparation required to list your home, you are probably ready to relax and wait for offers. While most of the hard work is done, it is important to keep in mind things that you may run into during the sale process. As you begin to welcome potential buyers into your home, here are a few things to expect now that your home is listed!
1. You might feel like you live in a museum.
You may have spent a great deal of time cleaning and decluttering, but now you are going to need to maintain that cleanliness. Potential buyers are going to expect a home that was as neat as the listing photos they saw, so it is important to meet their expectations. Now that you have officially listed your home, maintenance is necessary. There may be showings where you don't have time to do a full deep-clean, so choosing to keep your home 'show-ready' will help reduce any stress about the appearance of your home for a showing.
2. There will be some inconveniences.
Now that you'v ...