Posts for Syndication

According to Market Watch, 43% of homebuyers in 2014 so far have purchased with all cash. While some analysts believe that the cash-buying frenzy will not last, there is always more room for negotiation when the buyer brings cash to the table. When it comes to buying a home in a hot real estate market, sometimes cash can net you a lower price than a mortgage. So, if you’ve just sold your home and are looking to buy a new one with cash or are otherwise planning your estate, here are some things to remember.

Reasons to buy with cash:

As an empty nester or retiree looking to downsize, you often have cash from the sale of your larger home to purchase a new home. This allows you to choose a smaller home, pay cash, and possibly have money left over. Or, you can buy into a better community for retiring. So while you may end up with a smaller home, the amenities more than make up the difference.

Sometimes, you want to gift a home to your children as a wedding gift, or as part of your estate planning. After all, homeownership is part of the American dream. However, gifting only a down payment may pressure your loved ones to purchase a home when they are not ready to be homeowners. A better option for them would be to purchase a home for them with all cash. The home is paid-for and their obligation would extend only to yearly taxes and insurance, but not the heavy burden of a mortgage. A paid-for starter house protects them from the ups and downs of the market as well, and gives them a basis for a mortgage when the time is right for them.

Investment property that is completely paid for can be a “cash cow” for your retirement. The ongoing income from a rental that does not have a mortgage can make your retirement a little more comfortable, and is less problematic in probate than properties with mortgages would be.

Reasons to have a mortgage:

If you have a financial instrument that might give you a higher rate of return than the mortgage will cost you, it might make more sense for you to invest your cash in the higher return and to take out a low cost mortgage on the property.

If you need to improve your credit report, it might be better for you to take a mortgage. This type of “good debt” can improve your credit score and make it easier to borrow money for other reasons.

Additionally, there are tax benefits from holding a mortgage that, depending on your financial situation, may be more beneficial than owning the home free and clear. Of course, before you make this decision you should check with your tax accountant or financial advisor.

Negotiating with cash:

When you find the perfect house and you’re ready to make an offer, don’t start with the “all cash” offer. If the sellers know that you are able to pay cash for their asking price, they will be less willing to negotiate with you. Let your professional real estate agent help you determine the best time to reveal your cards. We know the right time to offer cash to get the seller to agree to your offer.  Call us today and we can get started finding the perfect home for you and negotiating the best offer for your needs.

Compliments of Virtual Results

Even while home prices are on the rise—fueled by the low supply, low mortgage rates and investor buying—the number of Americans that own homes, as a percentage of the population, is decreasing. The reasons vary, since many current renters are former homeowners that lost their homes during the financial crisis and others simply do not have enough income to qualify. But some potential homeowners, with savings for down payments and the desire to own may be priced out of the market by as little as $1000.

A new report by the National Association of Home Builders points out that an increase of just one thousand dollars in the price of a new home can upset the delicate balance of income-to-debt ratios required to qualify for mortgages. According to their report, that $1000 increase in a home’s price knocked over 200,000 potential buyers out of the market in 2013, assuming a 10 percent down payment and a 30-year mortgage.

Subtle cost increases

The NAHB report suggests that local regulatory increases—fees, permits, zoning costs and higher taxes for new construction—price new homes out of reach for otherwise qualified potential homeowners. Since it is in the best interest for most localities to have more homeowners than renters, this inadvertent price increase imposed by local regulations may ultimately produce an undesirable effect.

Buying used

Since homes in established neighborhoods are less likely to have the higher regulatory fees and taxes that new construction has, a solution is to buy a resale home. Real estate professionals like us specialize in finding the right home for the right price for qualified buyers. Homes in older neighborhoods have other advantages as well. For instance, initial outlay for a new home does not often include the cost of landscaping. A resale home typically has at least some landscaping in place. When a new homeowner is on the very edge of what they can afford, extras like that raised flowerbed you have your heart set on, the stone pathway you envision or an in-ground sprinkler system and newly laid sod often have to wait.

We can help!

With income not keeping pace with the cost of new housing, you may find yourself priced out of the new-home market. We can help you find an affordable solution without sacrificing the amenities you want in your new-to-you home. Compared to new homes, pre-owned homes have the advantage of negotiation between buyer and seller on some or all of a home’s features or components. Remember that any upgrades the previous owner put into the home—ceiling fans, upgraded faucets, hardware and appliances—typically come with the home.

New homes often have warranty issues. The first owner ends up dealing with all of those issues so that by the time the second (or later) owner moves in, the potential for problems is less. A home inspection before your purchase should reveal any potential problems that then can be included in final negotiations at the time of close.

For information on the best home purchase for you, give us a call.

Compliments of Virtual Results

The current housing market, while picking up in most areas, has one basic problem: low supply. With many buyers choosing to keep their old home when they purchase a new home, fewer homes are on the market, driving up demand.

Becoming a landlord

Buyers that do not need the equity in their current property in order to purchase the home into which they are moving, are choosing to become landlords instead.

The financial crisis and ensuing recovery has increased the demand for rental housing. In fact, the cycle of buyers not selling their current home before buying a new one reduces the supply for homes to buy, thereby raising the prices and pricing entry-level buyers out of the market. Unable to buy the home they can afford, they then seek to rent a home that better meets their needs instead, resulting in rental price increases due to higher demand.

For those able to become landlords, it is somewhat of a perfect storm since the ability to demand a higher rent increases the income from your rental property, increasing your equity.

Advantages for landlords

Don’t forget the other advantages of being a landlord too. Since your former home is now a business for tax purposes, repairs, maintenance, utilities, taxes, insurance, some fees, and other costs may be tax deductible. Be sure to consult a qualified tax accountant to find out what your tax liabilities or deductions may be when making your former home a rental. Remember too that collected rents count as business income, so be sure to establish proper accounting records for your property.

Advantages for underwater homeowners

The option of turning a home that currently is worth less than then its mortgage into a rental property offers a way to build equity into the home and shift the balance back toward the break-even point, while potentially making a little income in addition. So, rather than chuck more money into the current home, making it into a rental solves the upside-down mortgage issue while freeing up cash for the down-payment and mortgage on a new home.

The emotional costs of being a landlord

Some property owners, especially if they lived in the property, find it difficult to make the shift from homeowner to landlord. They mourn painting over their faux finishes with generic rental neutrals, and seeing a nursery turned into an office. They worry about potential damage to their property, and the associated costly repairs, and they fret about the possibility of months without a renter and having to pay on two mortgages at once.

The best solution toward making this shift is to hire a professional property manager. A professional, like this gold coast property manager, helps you establish the appropriate rental amounts to cover both the initial mortgage and other costs and repairs that may become necessary.

In addition, they offer a buffer between the owner and the renter that keeps the relationship entirely professional. Having a property management service handle your rental and renters can give you peace of mind while ensuring that your former home is in good hands.

As your real estate professional, we can connect you with a property management professional, so let us know what your plans are so we can help.

Compliments of Virtual Results

When you’ve never owned your home, your relationship to it is less personal. Let’s face it, when something goes wrong in your rented apartment, you call the landlord or manager to fix it. You don’t worry about insurance against natural disasters, save up for that new roof or upgraded furnace, or myriad other requirements of homeownership. After all, you just live there, the real owner is the one that needs to learn how to choose the right roofing company each time over and over.

Homeownership changes all of that. You are your landlord! You are the manager, and all those repairs and upgrades? They’re your responsibility now.

So, do you really want to own a home? Yes! And here’s why:

Equity

When you own your home, every payment that you make toward your mortgage principle (i.e. not an interest only payment) increases your equity (ownership stake) in your property. As a renter, your payment goes toward the property owner’s equity. You also gain equity when the fair market value of your home increases due to changes in the market, economic growth in your region, or shortages in housing due to increased demand. And, if you make useful improvements after you purchase your home, both your improvements and your principle payments may increase your equity.

Predictable payments

As property values and costs increase, rents go up. If you are not in a rent-controlled situation, you have no control over what your lease payment will be from year to year. When your current lease ends, you may find yourself priced out of your building or neighborhood. When you buy a home with a fixed-rate mortgage, particularly in an area that does not have association dues, your monthly and yearly outgo is steady and stable. Having predictable payments allows you to stick to your budget.

A place of your own

We teach our children to save up for that toy they want, and that teenager to work toward the cost of that first car because we know that the personal investment brings pride of ownership, increased responsibility, and appreciation for the cost and value of the object. When you buy your own home and have the responsibility of caring for it, you work toward keeping it in the best possible condition and presentation. When something is broken, you fix it. For instance, if your gutters have leaks or damages, you may need a new gutter installation. You may also need to schedule a garage door repair if your garage door is malfunctioning. You’ll also be in charge of hiring a furnace repair technician to service or fix your heating system. When it needs an upgrade, you save up for it. It becomes an extension of you and your dream for yourself and your family.

You also take more pride in how your home appears to your neighbors. You know that if yours is the only uncut lawn, your standing in your neighborhood diminishes. Neighbors that work together to increase the curb appeal of the entire neighborhood have not just pride of ownership, but also a sense of belonging. Common improvements to the neighborhood raise the value of everyone’s property.

Homeownership changes you. It grounds you to your community and connects you to your neighbors. If you’ve never owned a home, start by contacting us. We are professionals in real estate. We can get you started toward homeownership and its many benefits, look at this site and get started today!

Compliments of Virtual Results

Often, homeowners try to “test the market” with a higher than fair-market price when first listing their home. That can be a poor marketing strategy. When your agent tries to talk you out of it: Listen!

Setting “too high a price” will be too high a price for you to pay in the end.

Results from too high an initial price

Lowering your price after listing causes a chain-reaction in the marketplace that reduces the status of your listing. In the eyes of other agents that might bring buyers your way, a price reduction raises red flags. Here’s the short list:

• You miss the critical first 14 days when buyers and agents are most interested in a new listing.
• Other agents may dismiss you as an unreasonable seller that would be difficult to work with.
• Your home can no longer compete with other new listings fresh on the market, particularly if they are more fairly priced for your market.
• Buyers may think something is wrong with the home. They may press for more concessions, discounts or repairs, and upgrades.
• Relisting your home at a new price is not really a new listing, so agents may simply dismiss it.

Price your home right the first time

We are professionals that know the market for your home. Let us help you price your home fairly from the start. When priced correctly, your marketing strategy works for you to sell your home as close to your asking price as possible.

Regardless of what you may believe about the value of your house, pricing it commiserate with five years in the past or five years into the future is to doom your home’s sale.

Current fair market value means: The price that an interested but not desperate homebuyer would be willing to pay and an interested but not desperate homeseller would accept on the open market for your area and based on comparisons to homes in location, size, upgrades and amenities.

What if prices are going down?

If prices in your area are trending down when you choose to enter the market, you may want to set your price “under” the fair market value so that you’re not forced to lower your initial price and trigger the results listed above.

What if prices are going up?

You cannot anticipate the market, so if prices in your area seem to be going up you can choose the top end of the “fair” range. Do not overprice your home, however, since market trends are volatile and can shift just enough to place your home out of range. Remember that lenders operate slightly behind the market, so if your home is too high too soon, a buyer may not be able to obtain funding to buy it.

Increase the value, not the price

As professionals, we work with you to set the right price for your house and get the most for your home sale. Some ways to raise the initial fair-market-value of your home are:

1. Make sure your home is in the best condition possible: prioritize immediate repairs. Work on simple upgrades like replacing old light fixtures and installing wide spread bathroom sink faucets and other plumbing fixtures. Have your ac units serviced by an air conditioning repair technician. You may also install a new fence with the help of vinyl fence contractors.
2. Neutralize deep paint colors and strong faux finishes. This doesn’t mean to paint everything white, but a modern neutral such as café au lait, warm gray or deep cream sets a canvass for homebuyers to visualize their own furnishing in.
3. Depersonalize your home: buyers want to see themselves in the home, not the former owners. Remove family photos, trophies, school banners, children’s artwork and other giveaways that might hinder a buyer’s vision for his new home. Make sure none of your personal information is visible: hide bills, letters, cards and other items with your name.
4. Clear clutter and simplify furnishings: As we live in our space, we tend to add, but rarely take away. An extra bookshelf or side table fits our needs, so we ignore that it crowds our space a little. When buyers enter a furnished home, crowded spaces can make the house appear too small. Clutter, even decorative clutter, can obscure a home’s assets such as architectural detail, higher ceilings and beautiful wood trim.

Setting the right price

We can help you set the right price the first time, so call us and we’ll get started today.

Compliments of Virtual Results

Having a second home in a favorite vacations spot can be a great investment or an expensive luxury, depending on the way you see it, now a days many people pay whatever the cost is for a beachfront vacation rental.

A beach cottage or mountain retreat is enticing while both interest rates and home prices are low. How do you decide if it’s right for you? Le Chaletier can help you to find it out.

Make it your retirement home

If your second home is in the area where you plan to retire, buying it now, before you stop working and your income is higher might be beneficial. Beware, however, of tying up your cash or extending indebtedness beyond your retirement date. Also, avoid using funds from your 401K or other retirement accounts to purchase a second home.

Create a family getaway

If several family members will use the property, consider buying the property together. This concept is not without pitfalls, so make sure all family members understand how and when the property is available for use. Be sure to designate how interest in the property transfers to heirs or create a Cottage Limited Liability Plan (LLC) that governs both the use and transfer of the property. This is similar to a corporation, where members own “interest” in the property rather than the property itself.

Income property

You might be considering buying income property. Remember that the IRS considers income property a business that has tax ramifications. Be sure to check with your financial advisor or retirement planner before investing in property that you plan to lease or rent.

Rental property ownership requires ongoing expenses, including taxes, maintenance, mortgage payments (especially if the property sits empty), repairs between renters, insurance, and other costs. Letting property in London is not just about finding a tenant; it’s about creating a mutually beneficial relationship that stands the test of time. Experienced landlords often emphasise the significance of expertise in this endeavour. Leveraging the services of The London Landlord in London property letting can be the difference between success and stress. Income property ownership may provide ongoing income and be a great investment, but consider all the expenses before jumping in.

We can help you find properties with positive cash flow, so be sure to let us know that you are looking for investment property. If you need property consultants for your rental properties in north melbourne, you can rely on property management services to take care of any rental disputes or sort out reports for property damage. Ask your realtor for recommendations if you’re looking to hire a property management company.

Other considerations

Before investing in a second home and especially before financing a second home, review the potential for your situation to change. Is your job secure or could you be moved across the country? Does your family live near you, or near enough to the property for those family gatherings you envision? Do you have extra income to cover those empty months? Is the home in an area prone to natural disasters? Is it an area useful only during certain times of the year? If your second home is a condominium or a part of an association, can you cover the ongoing dues, assessments, or fees? Does the association require owner occupation?

We can help you determine the best investment or vacation property for your situation, so call us and we’ll get you started in the right direction.

Compliments of Virtual Results

When getting your home ready to sell, spending some elbow grease cleaning can save you some money and make your home more attractive to buyers. You could also hire professionals from Eco Clean Solutions if you feel you might need help with this undertaking.

Cleaning Painted Walls

When cleaning painted walls, start with a clean microfiber cloth or sponge and water. Gently wipe or sponge walls. If the grease, grime, and dirt persist, use mild water-based cleaner or dish soap. For difficult stains like soot or tobacco smoke, use a spray kitchen cleaner or all purpose cleaner. Do not use the abrasive side of a sponge, steel wool, or other metal mesh cleaners as these will remove the paint and may mar the drywall. Cleaning can also be a nightmare if you’re busy, so we decided to hire a professional cleaning company and they have just been incredible so well worth considering if you are struggling to keep up.

Caring for Stainless Steel

Ideally, clean stainless steel appliances once or twice a week. Disinfect with a disinfectant spray or bleach and water solution (1 part household bleach to 9 parts water), then use a wax-based aerosol spray. Lightly mist a soft, lint-free cloth and wipe over the surface to remove fingerprints and other marks. Don’t use anything abrasive—not even liquid cleansers or soft scrubbing pads as they can scratch or ruin the surface. If you have hardened, burned-on foods on your stove burners, remove them, and soak them in warm water and dish soap until it is soft enough to remove.

Caring for Your Tiles

Clean your bathroom and kitchen tiles using a neutral pH cleaner or make your own with a gallon of water and to 1/4 cup baking soda. Apply the mixture to floors with a soft mop or sponge. To clean your grout, use the same baking soda and water mixture, or use a toothbrush to apply a paste of an oxygen-based bleach and water. Allow the mixture to sit for 10-15 minutes, the wipe with a soft cloth or sponge and water. Once grout is clean, use a grout sealer to protect it. Apply the sealer with a small, slanted foam brush. To learn more visit tile and grount cleaning in Bendigo today!

Countertop Stains

Various types of countertop material requires different approaches:

• Granite: wipe up stains immediately and have your granite sealed yearly. For rust stains, use a poultice of a half-gallon of water to 1/4 cup household ammonia. Use hydrogen peroxide in water for juice or coffee stains. Add a couple drops of ammonia for harder stains. Everyday scratches and wear respond to superfine, grade 0000 dry steel wool.
• Butcher block: To remove stains and scratches from solid butcher block, sand lightly with a fine wood sand paper. Oil the surface with food-safe wood oil.
• Solid Surface: Composite, solid-surface materials respond well to gently sanding with a fine dry steel wool or mildly abrasive cleanser. Remove stains with the oxygen-based bleach and water paste described above.
• Laminate countertops: Stains on a laminate countertop respond will to the bleach and water mixture or kitchen cleaners, but scratches are more difficult to disguise. Try a wax-based polish to fill in small lines and scratches or try this recipe. If your countertop is very marred, consider replacing it or using one of the DIY countertop faux finishes to give it an updated look.

Wood Floors

Clean wood floors with a water-based household cleaner or wood soap, or follow the instructions here. If your floor has scratches, use an oil-based polish in a color similar to your wood to fill in the scratches. If you have many scratches, consider lightly sanding the area and applying a stain-finish combination available at most hardware or paint stores.

Carpet

For synthetic carpets, you might rent a carpet-cleaning machine, ot you may want to call the Bellevue carpets to get new ones. Be sure to use only the soap or cleaning solution suggested, and avoid applying too much soap as the residue may attract more dirt.

If you are unsure of any of these projects, call in the professionals. We can offer suggestions for you, so give us a call.

Compliments of Virtual Results

When you’re in a hurry to sell, you need top dollar, try some of these tips:

1. Have us evaluate your home. As real estate professionals, we know what sells and what doesn’t and we can help you spend your money wisely to get the best return.
2. Have a home inspection. A certified home inspector can point out areas that need correcting, fixing or removing.
3. Paint walls a neutral but modern color. Gone are the days of all white walls, but sticking to taupe and gray tones gives a hint of freshness while remaining timeless.
4. Request a home energy audit. Most utility companies offer this service. Sometimes simple lighting changes or additions to insulation give your home a higher energy rating and make it more attractive to buyers.
5. Clean up landscaping and add regionally appropriate, low maintenance ground cover.
6. If your home has “popcorn” texture on the ceiling, removing it and replacing it with a smooth or more modern texture will increase home value. Before you DIY this, however, make sure that your ceiling texture is not made with asbestos. Up until the late 70s, many textured ceiling preparations used asbestos flakes. It’s also worth noting that a comprehensive understanding of asbestos-related hazards is crucial, and for this, an asbestos awareness course becomes invaluable. An informed individual is better equipped to manage the risks, and there’s no better way to garner this knowledge than by visiting https://www.commodious.co.uk/asbestos-awareness. If your home is newer than this, you’re probably fine doing this on your own, but if your home is older, higher a licensed professional with experience in asbestos removal and disposal.
7. Replace your roof. If you live in a storm-prone area, your roof may have hail or wind damage that you cannot see. Have your roof inspected by a roofing contractor (most roofing contractors do this for free) and if your roof has storm damage, contact an EPDM Roof Restoration company to see about getting it replaced. Often, storm damage replacement is time sensitive, so if you’ve had a heavy hail or windstorm, do not delay in having your roof evaluated by a roofer or you may end up paying for it yourself. A new roof may not allow you to increase your sale price, but a damaged roof will lower your home’s value. On the other hand, if your roof isn’t damaged but it does need some cleaning, contact the best pressure washing in cincinnati for roof cleaning.
8. Remove dated wallpaper. Simple removing outdated, stained, peeling, or faded wallpaper from kitchens, baths and bedrooms gives the home a fresher, less outmoded look. Instead of replacing it with new wallpaper, simply finish and paint the area with a neutral color in an appropriate finish.
9. Replace light fixtures. Ceiling and vanity lights that you replace with high-efficiency fixtures upgrades your home with very little expense and bring your home into the compact fluorescent era. Upgrading exterior lights with automatic lighting options adds a safety factor to your home’s exterior while reducing energy costs.
10. Expose your hardwood. If you have hardwood flooring hiding underneath stained, faded or worn carpeting, remove the carpeting and expose the hardwood. If you can refinish the floor, do so, but even if you cannot, you can use some quick fix options to make your wood floors look inviting when your home is showing.

When in doubt, refer to number one above: call us. We’ll help you determine the best options for your home.

Compliments of Virtual Results

Whether you’re preparing your home to move in, or preparing it to sell, choosing exterior painting and interior painting materials and colors from the myriad choices available to day can be daunting. Paints come in up to six different finishes, so even if you’ve chosen the colors, you still have to decide on the finish for your application. Professional house painters like these house painters near Spring, TX can help you find the right paint for your home.

On a gradient from matte or flat to high gloss, there are both textural and visual differences in paint finishes. In texture, the gradient moves from a “dryer” feel to a “slicker” feel, but visually, it moves from less light reflective to more light reflective, and you can also get professional painting services as well, and you can visit the site to learn more.

• Matte Finish: Called either Flat Finish or Wall Paint, this basic paint type has a chalkier feel and is not light reflective. It also hides imperfections, cracks and bumps because light does not bounce off them. This finish works well on interior walls such as living rooms and bedrooms, but can be more difficult to clean and may mark easily. Because it absorbs rather than reflects light, a darker matte-finish paint color is perfect for a media room.
• Flat Enamel Finish: The addition of the enameling elements combines some of the advantages of flat paint with a more durable finish that holds up to periodic cleaning. This is a good choice for interior walls in homes with children. Sometimes this is called “Kids Room Paint.”
• Eggshell Finish: Slightly more durable and light reflective than matte or flat, eggshell has just a minimal amount of gloss added to it, and a deeper color saturation. It holds up to cleaning better and often works well for living rooms and dining rooms where more light-reflection is desirable but a glossier finish is not necessary.
• Satin Finish: Often used for window and door trim, or ceilings needing a more reflective finish such as a the bath area or a workroom, satin finish holds up to cleaning and resists stains, marks and smudges better than matte, flat enamel or eggshell.
• Semi-gloss Finish: Used for trim, doors, cabinets and railings, semi-gloss resists most stains and marks while cleaning more easily. It reflects and refracts light, so it magnifies imperfections or textures in the surface. When using semi-gloss, care with surface preparation is vital to the finished product. Semi-gloss can work well in bath areas too, where a more reflective surface is helpful to make the room lighter and brighter. Contact these Sarasota house painters who can help you choose colors that complement your existing rooms, or help you develop a whole new color palette.
• Glossy Finish: When applied properly, glossy or high gloss paints have a reflective surface similar to enamel, and creates a smooth finish for furniture and cabinetry. Because of its light-reflective quality, a glossy finish reveals and amplifies imperfections, but is the easiest surface to clean. When using high-gloss paints, carefully follow preparation instructions to get the best results.

Compliments of Virtual Results

As one of the most difficult decisions in real estate marketing, the idea of selling “as-is” (without making any repairs, renovations, or upgrades) appeals to homeowners needing to sell quickly or that are cash strapped.

I found these zebra shades here that help change the design of any area of your home helping a quick sale. Don’t wait months with your house sitting on the market.

Can you do it? Yes.

Should you do it? Well…that depends on your market and how badly your home needs fixing, how much you owe on it and how much you need from it. If you need a new residential roof installation because the roof of property is damaged severely enough, then the decision might have already been made for you, as you’ll be hard-pressed to find a buyer.

Buyers that lean toward purchasing a fixer typically fall into three main categories:

• Flippers – a flipper is a real estate investor that purchases property with the intent to generate revenue quickly. Often, they are willing to purchase a fixer or distressed property with good “bones” (structure, foundation, etc.), fix it up quickly for resale or rental.
• Fixers – a fixer purchases distressed property to fix up, but they tend to live in the property while they fix it with the goal of eventually selling or renting when they invest in a new property to fix. Different from flippers, they look to own the home longer so they may be more willing to purchase a home that needs more work such as replacing the roof with the help of a roofing installation company. If the home has a metal roof, they may need to look a professional Metal roofing restoration contractor.
• First-timers – a first-time buyer is either someone that has never owned a home, or someone that has not held title to a home for more than three years so they are not rolling the proceeds from a previous property into the new one. First timers that have never owned a home, but have some skill in the DIY area may look for lower cost, as-is properties for the low entry cost. This category includes former property owners that may have lost their home during a financial crisis or bankruptcy and are now in a position to buy again.
• One final category is investors purchasing a home for the land and location, intending to demolish the home and build new. If your property is on the verge of a rezoned business area, is transitioning to multi-family dwellings, hotels or some other type of property, an investor may purchase your home for its location rather than for its amenities.

In each of these cases, you might benefit from a quick sale, freeing up cash for yourself. Just know that the buyer expects a discounted price that reflects the additional amount they will have to invest to make the property livable. Seeking these types of buyers in a hot market is more likely than in a slow market area.

Note: FHA has specific minimum property standards (MPS) required, so selling “as is” may reduce your buying pool by those wanting FHA loans if your property does not meet those standards.

What are the minimal fixes?

Fixing up your property, at least by bringing it up to code, will increase its value and bring you nearer to fair market value for your home. If you owe money on your home, this is an important consideration. Unless the investment to fix it up will cost more than the amount you might still owe if it sells low, you should figure out a way to fix it up. We can help you determine which items are important to fix, which can be concessions in your contract and which you can ignore.

Here is a short list of items to consider fixing if you can:

• Patch cracks in ceilings and walls
• Remove peeling paint
• Paint walls with a neutral color
• Replace broken windows and doors, use modern steel windows and doors designs for the new ones
• Fix code violations
• Repair leaky or broken pipes
• Hire Appleton roofing contractors to repair the roof if there are leaks
• Remove and replace moldy drywall
• Trim overgrown vegetation
• Remove anything dangerous that could make you liable for injuries to potential buyers visiting your home.

If you need a full roof replacement, you can only get the best available, strongest warranties from reputable roofers, check out Extra resources here.

If you need to sell your home quickly, let your real estate agent know immediately so that they can best advise you on which items to repair, which to ignore, and which to offer concessions for.

Compliments of Virtual Results