How To Make Your House Look More Appealing to Potential Buyers

One of the reasons why a house is hard to sell is because it lacks appeal to many buyers. Imagine yourself as an excited home buyer who is searching for your dream house. Will you fall in love with a house that is messy and stinks? Of course not. The same is true for many home buyers. They want to have a house that is cozy, welcoming, and safe to live in. Before you even put your house in the listing, make it more appealing by following these simple tips: 

Fix small things right away 

Do house inspection yourself and check for maintenance and structural issues that can bother buyers. There are small things that you can do to fix little things right away. For instance, you can tig hten the pipes securely to solve the leak problem or clean the roof and gutter from dried leaves. Check the door knobs if they are easy to lock and get unlocked. If they are not in good condition, put some grease or lube, or replace them with new knobs. Small fixes can make a huge impact in attracting interested buyers without the need for you to break the bank. 

Clean all parts of the house 

Be serious when it comes to the cleanliness of your property. Maintain the cleanliness of the house at all times. You never know when a serious buyer wants to visit your property. Dirty homes are unappealing to your buyers and can definitely reduce its value. If you don’t know how to clean properly, you may want to consider hiring professional cleaners. If you are selling an upscale property like luxury homes Tucson, hiring professional cleaners is all worth it. 

De-clutter 

Remove all your personal belongings, furniture, appliances or any other things that don’t serve any purpose to the future owner. De-cluttering free up space and make the rooms look cleaner and more organized. Take-out your personal items such as family photos, souvenirs, and art collections to give the buyers freedom to imagine where they are going to put their own things. 

Painting neutral colors 

The color and the quality of the painting of the house are very important to attract buyers. A cracked and aged painting can easily turn-off potential buyers. If you need to do repainting, choose neutral colors as they are considered “safe” because the majority of the buyers will personally like it. Neutral colors are not customized to meet the desires of specific buyers but appeal to the eyes of many. 

Everything you need to know about Home Loan

Buying a home is a huge financial endeavor. One that requires you to thoroughly check the order of your finances. Not only will you have to think about making your monthly payments on time for a number of years, you’ll also have to think about your family’s living expenses and a host of other things that come with home ownership.  

If you’re thinking of buying a home and can’t afford to pay for everything in cash, getting a home loan is your means to do it. Getting a home loan is something that must not be overlooked for one wrong move may spell serious financial trouble for you and your family.  

Here’s everything you need to know about home loans 

You need to shop around to know where to get the best deal 

Compare each lender’s rates before you sign up for the long term. Shopping around for the best deal helps you save money in the long run. This allows you to see the big picture and go with the rates that you can really afford. 

Your credit score will affect your home loan’s interest rates 

A credit score of 620 or higher means you’re finances are in great shape your loans are subject to lower interest rates because the risk is lesser for financial institutions to lend you money. You’re clearly capable of paying off your loan. A score lower than 620 means higher interest rates leading to bigger monthly payments.  

There’s a special loan for first-time home buyers 

Individuals who have never owned a home before with low to moderate income may qualify for a special mortgage. Financial assistance is provided to qualified buyers such as grants for closing costs or paying for a down payment. Check to see if you’re qualified to take out this kind of home loan. 

30 year fixed rate mortgage is often the safest choice 

Your monthly payments will remain the same throughout your loan term while your potential income can increase over time. A 30-year loan term gives maximum stability and control over your finances.  

Go for a 20% down payment if you can afford it 

A 20% down payment eliminates Private Mortgage Insurance. This will definitely help to lower your monthly payments.  A bigger down payment also means a lower loan amount that’s charged with interest.  

Refinancing can help lower your monthly payments 

Refinance your home loan after a period of time and when your credit score has improved. In this way, you’ll get a better rate by swapping your existing loan with a new one. You’ll just have to pay the necessary fees associated with loan refinancing and it’s one sure way of lowering your monthly payments and the overall amount. 

 

 

Real Estate-Money Making Investments

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners. Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets. Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now. The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay. When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction. Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book. Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price. Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer. Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented. Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

Know More About Real Estate

A real estate agent is a person that is used as an expert to facilitate the selling of real estate. In my opinion, a real estate agent should be open to new things, including innovative marketing ideas and cutting-edge changes that impact buyers and sellers. A real estate agent should be someone who listens to buyers, sellers and renters to figure out what the public hates about agents and proactively make changes in their own business plan accordingly. A real estate agent should have business hours that are applicable to other professionals that are paid thousands of dollars per transaction.

A real estate agent should practice their skills by using them everyday. A real estate agent should not be part-time in the business. This means they should not have a full-time job and sell real estate when they need some extra money. A real estate agent should be skilled at keeping their cool when something goes wrong. A real estate agent should be professional and never hang up on a client or another real estate agent, no matter what was said or done. A real estate agent should be responsible to learn, understand and keep up with all marketing tools that could and probably should be employed in selling or buying a home. The fact that a real estate agent is “not comfortable with the Internet” when most homes are now sold via the viewing on the Internet by a buyer is no longer an excuse. A real estate agent should be diligent about understanding modes of communication and marketing via every type of media from which a buyer can search and ultimately buy a home.

A real estate agent should not have to turn on their fax machine when they return from the store. They should be in business, full-time, and be set up to do business anytime inside their business hours. A real estate agent should not leave town without backup and just leave a deal hanging as a result. No one cares that the real estate agent is on vacation other than the agent himself. A real estate agent should never tell a seller that open houses don’t work, when in fact, open houses sell properties, everyday. A real estate agent should never be so in-the-box that they laugh at someone for discussing the use of a St. Joseph’s statute. They shouldn’t scoff at the fact that apple pie scent may or may not sell a house just because they don’t want to go to the trouble to explain what may or may not work to the seller.

A real estate agent should not cry when a seller tells them that they no longer want to sell their home or that they are not going to use them to sell the home. A real estate agent should not steal yard signs from lawns or directional signs from subdivisions just because someone did not choose to list the house with them but a competitor. A real estate agent should not bash other business models. They should simply point out the things that they bring to the table and why they feel their business model works better. A real estate agent should not open the house for a buyer and let them stay in there alone, just because the buyer looks nice. A real estate agent should always look at the identification of a buyer because they recognize that they are responsible for the seller’s property. A real estate agent should always be grateful that someone is willing to pay them thousands of dollars for a job that has never been fully explained to the public as to how little knowledge an agent needs and how little you’re trained when getting your license.

The public needs to be reminded that an overwhelming number of inexperienced, part-time real estate agents hold in their hands the fate of most people’s largest asset. When will we put our foot down and say enough is enough… real estate is a real profession that requires skill, knowledge and a constant reach to perform strategies and results for clients.