Home buying and home ownership is not always easy, but most people agree that the rewards outweigh the challenges. The first challenge, of course, is to learn all the steps to buying a home. Our Buyers Guide will provide helpful tips and information you need to understand the process and get started on your path to home ownership. Click here http://www.wenatcheehouses.com/buyer_guide.pdf to review the guide.
For additional Buyer and Seller information, check out a variety of educational resources and articles at http://www.wenatcheehouses.com/buyersandsellers.php.
Friday, December 28, 2007
Home Selling Strategies
The key to selling a home for the best possible price, and with the fewest number of hassles, is to attract as many potential buyers to the property as possible. The following are tips that will help you reach your home selling goals:
- 1) It is critical that you make your home emotional and appealing. Home buyers purchase a residence based more on its emotional appeal than on any other single factor. To maximize your home selling profits, it must show very well. With the guidance of a real estate professional, your home should be made as emotionally appealing as possible.
- 2) To maximize your net selling proceeds; you must have an aggressive, well-organized marketing plan. Because there is a direct correlation between the number of potential buyers who view your home and its final selling price, you should do everything possible to access 100%+ of the available buyer pool. A great marketing plan is often designed to attract buyers from sources that most laymen don't even know exist. Click here http://www.wenatcheehouses.com/marketing_plan.php to view The Davidson Team's marketing strategy.
- 3) Quality advertising is critical to selling a home with minimal inconvenience and for the best possible price. Be sure your home is advertised in publications that maximize exposure and attract the greatest number of buyers. Finding these sources will require either experience or a substantial amount of research.
- 4) A well-recognized sign placed in front of a property can make a big difference in the benefits received by a home seller. The recognition and familiarity that come with a well-known real estate sign make a potential buyer more likely to view a property. And, as we have already discussed, more buyers usually mean a higher net for the seller. 17% of all homes that sell do so because of the sign in the front yard.
- 5) A unique and powerful strategy to help sell a home is to implement a Choose a Neighbor program. A neighboring homeowner may have a friend, relative or acquaintance that might be searching for a house. If these neighboring homeowners are made aware that a property is available, they often introduce the "For Sale" home to potential buyers.
- 6) An extremely professional informational and photo brochure should be created for your home. This brochure must feature top quality photos and an exclusive, detailed home description. A quality brochure is one of the most effective tools available to a home seller.
- 7) Open Houses should be held if the property is in a location that would make holding a home open appropriate, beneficial and convenient for the seller. The keys to a successful Open House are to display the home correctly, to have the proper signage and to market the event to as many potential buyers as possible. Follow-up with the people who attend the Open House is also critical.
- 8) Following-up with each potential buyer who has viewed a home is extremely important to home selling success. A homeowner must know what buyers and agents who have viewed the residence are thinking. When a seller becomes aware of problems that are keeping potential buyers from writing offers, he can make the needed corrections.
- 9) A home seller can increase the size of the buyer pool for his/her property by exposing it to as many worldwide referral networks as possible. These networks, usually established between professional real estate organizations, are an incredible source of potential buyers.
- 10) In today's world, where nearly 90%+ of all potential home buyers begin their property search on the Internet, it is important to have a "For Sale" property displayed on as many websites as possible. By doing so, a home will be exposed to many thousands of buyers; locally, nationally and internationally.
-11) Approximately 66% of all people who move from one home to another, do so within the same community in which they have been living. For this reason, it is often to a home seller's advantages to target market his property to homeowners who would view his home as a potential move-up residence. By doing so, the home seller can stimulate buyer interest from people who might otherwise never know the home is available.
- 12) The most important aspect of selling a home is to have it priced correctly. Homes that are priced correctly sell for the most money, with the fewest possible hassles. It is critical to thoroughly research what buyers have been willing to pay for like properties and to price the subject home accordingly. Overpriced homes, in the end, usually sell for less.
- 13) The majority of homes that sell do so through cooperation between two real estate agents. Because agents share information and expose their listings to other Realtors through the Multiple Listing Service, it is important that a home, to receive maximum buyer exposure, be listed in this cooperative system. Homes that are not listed in the MLS miss being exposed to thousands of buyers and, of course, fewer buyers usually mean a lower final sales price.
- 14) One of the keys to selling a home for the most profit is to make it convenient for potential buyers to view the property. Any access limitations discourage some buyers from viewing a home. It is critical that the residence be accessible at the times when buyers are available. Those times are daily from 9:00 AM to approximately 8:00 PM.
IN SUMMARY:
( A) A home seller cannot wait around hoping a buyer will discover his/her home and purchase it. Buyers must be aggressively sought through an efficient and effective marketing plan.
( B) Maximizing a home's exposure requires that a financial investment be made in quality marketing tools and systems.
( C) A step-by-step, organized, effective marketing plan, one that has proven itself to be the successful, must be implemented to maximize a home's exposure.
( D) The person who is marketing a home must know the real estate business! This knowledge comes from both formal real estate education and from hands-on experience.
( E) A home should be marketed with specific goals in mind. These goals should include getting the best possible price, in the shortest amount of time. It should be marketed with the fewest possible inconveniences to the homeowner.
( F) To maximize value and minimize inconveniences, a home seller must access 100%+ of the available Buyer Pool. Buyers must be attracted from as many sources as possible.
The Davidson Team's goal is to have you be amazed with the quality of my services. You have our personal guarantee that you will never find a more complete and satisfying real estate experience anywhere in the world. Your satisfaction is our only purpose.
If you would like a more thorough presentation of Home Selling Strategies, or if you would like to know the value of a property you own, please call us for an appointment. We would be happy to provide you with a no-cost, no-obligation professional property evaluation.
- 1) It is critical that you make your home emotional and appealing. Home buyers purchase a residence based more on its emotional appeal than on any other single factor. To maximize your home selling profits, it must show very well. With the guidance of a real estate professional, your home should be made as emotionally appealing as possible.
- 2) To maximize your net selling proceeds; you must have an aggressive, well-organized marketing plan. Because there is a direct correlation between the number of potential buyers who view your home and its final selling price, you should do everything possible to access 100%+ of the available buyer pool. A great marketing plan is often designed to attract buyers from sources that most laymen don't even know exist. Click here http://www.wenatcheehouses.com/marketing_plan.php to view The Davidson Team's marketing strategy.
- 3) Quality advertising is critical to selling a home with minimal inconvenience and for the best possible price. Be sure your home is advertised in publications that maximize exposure and attract the greatest number of buyers. Finding these sources will require either experience or a substantial amount of research.
- 4) A well-recognized sign placed in front of a property can make a big difference in the benefits received by a home seller. The recognition and familiarity that come with a well-known real estate sign make a potential buyer more likely to view a property. And, as we have already discussed, more buyers usually mean a higher net for the seller. 17% of all homes that sell do so because of the sign in the front yard.
- 5) A unique and powerful strategy to help sell a home is to implement a Choose a Neighbor program. A neighboring homeowner may have a friend, relative or acquaintance that might be searching for a house. If these neighboring homeowners are made aware that a property is available, they often introduce the "For Sale" home to potential buyers.
- 6) An extremely professional informational and photo brochure should be created for your home. This brochure must feature top quality photos and an exclusive, detailed home description. A quality brochure is one of the most effective tools available to a home seller.
- 7) Open Houses should be held if the property is in a location that would make holding a home open appropriate, beneficial and convenient for the seller. The keys to a successful Open House are to display the home correctly, to have the proper signage and to market the event to as many potential buyers as possible. Follow-up with the people who attend the Open House is also critical.
- 8) Following-up with each potential buyer who has viewed a home is extremely important to home selling success. A homeowner must know what buyers and agents who have viewed the residence are thinking. When a seller becomes aware of problems that are keeping potential buyers from writing offers, he can make the needed corrections.
- 9) A home seller can increase the size of the buyer pool for his/her property by exposing it to as many worldwide referral networks as possible. These networks, usually established between professional real estate organizations, are an incredible source of potential buyers.
- 10) In today's world, where nearly 90%+ of all potential home buyers begin their property search on the Internet, it is important to have a "For Sale" property displayed on as many websites as possible. By doing so, a home will be exposed to many thousands of buyers; locally, nationally and internationally.
-11) Approximately 66% of all people who move from one home to another, do so within the same community in which they have been living. For this reason, it is often to a home seller's advantages to target market his property to homeowners who would view his home as a potential move-up residence. By doing so, the home seller can stimulate buyer interest from people who might otherwise never know the home is available.
- 12) The most important aspect of selling a home is to have it priced correctly. Homes that are priced correctly sell for the most money, with the fewest possible hassles. It is critical to thoroughly research what buyers have been willing to pay for like properties and to price the subject home accordingly. Overpriced homes, in the end, usually sell for less.
- 13) The majority of homes that sell do so through cooperation between two real estate agents. Because agents share information and expose their listings to other Realtors through the Multiple Listing Service, it is important that a home, to receive maximum buyer exposure, be listed in this cooperative system. Homes that are not listed in the MLS miss being exposed to thousands of buyers and, of course, fewer buyers usually mean a lower final sales price.
- 14) One of the keys to selling a home for the most profit is to make it convenient for potential buyers to view the property. Any access limitations discourage some buyers from viewing a home. It is critical that the residence be accessible at the times when buyers are available. Those times are daily from 9:00 AM to approximately 8:00 PM.
IN SUMMARY:
( A) A home seller cannot wait around hoping a buyer will discover his/her home and purchase it. Buyers must be aggressively sought through an efficient and effective marketing plan.
( B) Maximizing a home's exposure requires that a financial investment be made in quality marketing tools and systems.
( C) A step-by-step, organized, effective marketing plan, one that has proven itself to be the successful, must be implemented to maximize a home's exposure.
( D) The person who is marketing a home must know the real estate business! This knowledge comes from both formal real estate education and from hands-on experience.
( E) A home should be marketed with specific goals in mind. These goals should include getting the best possible price, in the shortest amount of time. It should be marketed with the fewest possible inconveniences to the homeowner.
( F) To maximize value and minimize inconveniences, a home seller must access 100%+ of the available Buyer Pool. Buyers must be attracted from as many sources as possible.
The Davidson Team's goal is to have you be amazed with the quality of my services. You have our personal guarantee that you will never find a more complete and satisfying real estate experience anywhere in the world. Your satisfaction is our only purpose.
If you would like a more thorough presentation of Home Selling Strategies, or if you would like to know the value of a property you own, please call us for an appointment. We would be happy to provide you with a no-cost, no-obligation professional property evaluation.
Questions to ask your Realtor
Just like in any industry, there are many different levels of professionalism, integrity and knowledge which Realtors provide their clients. Often times the general public assume that all agents are the same; that Realtors and their services are a commodity. This couldn't be farther from the the truth! In fact, the best agents utilize an array of world-class systems and processes to differentiate them from the run of the mill Realtor down the street. To ensure you work with the best Realtor possible, consider asking the following questions:
1) Are you a full-time agent?
2) Do you work alone or with assistants?
3) How many homes have you sold in the last 12 months?
4) How will you attract buyers for my home?
5) Will you give me a marketing plan in writing?
6) How many buyers have you sold homes to this year?
7) How will you maximize the price I receive and minimize the inconveniences?
8) What is most important to you, my satisfaction or your commission check?
9) Will you give me a reference list?
10) How do you utilize technology and the Internet to market the homes you list and effectively communicate with your clients?
11) How long have you been in the business (full time)?
12) Do you have any designations or certifications?
13) How do you rank in your office/area?
14) What is your list price to sales price ratio? How does that compare with the market generally
15) What is your average "days on market" and how does it compare to the market generally?
16) Why should I hire you?
17) Can you provide me with testimonials or references?
Click here http://www.wenatcheehouses.com/about.php to learn more about The Davidson Team.
Thought Provoking: 12/28/07
There was once a man who was walking down a deserted beach in a foreign country. As he slowly walked along, he saw a native of that country coming toward him. As they drew nearer, the visitor noticed that the local inhabitant would periodically stop, bend over, pick something up, and then throw it into the ocean.
As they drew closer, the visitor realized that it was a starfish he was picking up and throwing back into the water. When they were close enough to speak, the visitor asked the man what he was doing. The local inhabitant responded that, when the tide went out, it left small pools of water, which quickly evaporated. In each of those pools were starfish that quickly died when the water was gone. He explained that, when he found such a starfish, he threw it back into the ocean.
The visitor seemed surprised, and said, "Sir, don't you realize that, on this beach alone, there must be thousands of starfish caught like this. You can't possibly save all of them. There are just too many, and besides, this is probably happening on hundreds of beaches all up and down the coast. With so many starfish, you can't possibly be making a difference." The local citizen looked at the visitor for a moment, bent down, picked up a starfish, and, throwing it into the ocean, said, "I made a difference to that one."
As they drew closer, the visitor realized that it was a starfish he was picking up and throwing back into the water. When they were close enough to speak, the visitor asked the man what he was doing. The local inhabitant responded that, when the tide went out, it left small pools of water, which quickly evaporated. In each of those pools were starfish that quickly died when the water was gone. He explained that, when he found such a starfish, he threw it back into the ocean.
The visitor seemed surprised, and said, "Sir, don't you realize that, on this beach alone, there must be thousands of starfish caught like this. You can't possibly save all of them. There are just too many, and besides, this is probably happening on hundreds of beaches all up and down the coast. With so many starfish, you can't possibly be making a difference." The local citizen looked at the visitor for a moment, bent down, picked up a starfish, and, throwing it into the ocean, said, "I made a difference to that one."
Shopping for the Best Mortgage
Mortgage rates are on the rise, but historically speaking they are still fairly low. As a result of the favorable mortgage market, lenders have produced several new creative financing options for purchasing or refinancing. Don't let the confusion of mortgage options keep you from a new home or lower interest rate. Here is an introductory lesson to the four most common types of home loans.
Fixed-rate Mortgages
Fixed-rate mortgages have a fixed interest rate over the lifetime of the loan, usually between 10 and 30 years (40-year fixed-rate mortgages are also slowly increasing in popularity). This means that the amount you pay each month is fixed, too. It's a great mortgage choice if you want the reassurance of predictable loan expenses for the life of your mortgage.
Adjustable-rate Mortgages
This type of mortgage usually starts out with a lower interest rate (and therefore lower payments) than with a fixed-rate loan. However, your interest rate and monthly payments are dependent on market interest rates. The interest rate is usually adjusted annually, but depending on your loan package the adjustment period on your ARM may be as low as one month.
Increases in the interest rate are capped for each year, and for the lifetime of the loan. For example, an ARM interest rate might have an annual cap of 1.5% and a cap over the lifetime of the loan of 6%.
Adjustable-rate mortgages are a good option if you're planning to own the property for only a few years, or if you expect your income to increase over the years so you can comfortably afford higher payments if interest rates should rise.
Balloon Mortgages
Balloon mortgages typically have a lower interest rate than fixed-rate mortgages (and hence may be easier to qualify for), however the loan is payable in full after five to seven years.A balloon mortgage is a great option if you know you'll be selling the property before the balloon payment is due, and you're not comfortable with an adjustable-rate mortgage.
Jumbo Mortgages
A jumbo mortgage is simply one which is larger than a typical mortgage. The 2006 limit for a traditional (or conforming) loan is $417,000, and any amount over this figure is considered a jumbo (or non-conforming) mortgage. This type of mortgage usually has a higher interest rate than a conforming loan.
Getting Mortgage Quotes
To get the best possible rates, do your research and don't be afraid to to contact a mulitple lenders. Keep all your inquiries to within a 14-day period to prevent your credit score (also known as a FICO score) from being negatively impacted by too many credit inquiries. Most inquiries that take place within a 14-day stretch of time are counted as one inquiry.
It's wise to shop for a mortgage before you start house-hunting. Mortgage pre-approval is one of the best bargaining tools you can have when it comes to negotiating a sales price. Plus, it'll save you valuable time at closing.
The Davidson Team works with an outstanding preferred lender, Kevin Nelson at Discover NCW Mortgage. You can visit his website at http://www.kevinnelson.biz/. You can also reach him at (509) 663-9521 or info@kevinnelson.biz .
Fixed-rate Mortgages
Fixed-rate mortgages have a fixed interest rate over the lifetime of the loan, usually between 10 and 30 years (40-year fixed-rate mortgages are also slowly increasing in popularity). This means that the amount you pay each month is fixed, too. It's a great mortgage choice if you want the reassurance of predictable loan expenses for the life of your mortgage.
Adjustable-rate Mortgages
This type of mortgage usually starts out with a lower interest rate (and therefore lower payments) than with a fixed-rate loan. However, your interest rate and monthly payments are dependent on market interest rates. The interest rate is usually adjusted annually, but depending on your loan package the adjustment period on your ARM may be as low as one month.
Increases in the interest rate are capped for each year, and for the lifetime of the loan. For example, an ARM interest rate might have an annual cap of 1.5% and a cap over the lifetime of the loan of 6%.
Adjustable-rate mortgages are a good option if you're planning to own the property for only a few years, or if you expect your income to increase over the years so you can comfortably afford higher payments if interest rates should rise.
Balloon Mortgages
Balloon mortgages typically have a lower interest rate than fixed-rate mortgages (and hence may be easier to qualify for), however the loan is payable in full after five to seven years.A balloon mortgage is a great option if you know you'll be selling the property before the balloon payment is due, and you're not comfortable with an adjustable-rate mortgage.
Jumbo Mortgages
A jumbo mortgage is simply one which is larger than a typical mortgage. The 2006 limit for a traditional (or conforming) loan is $417,000, and any amount over this figure is considered a jumbo (or non-conforming) mortgage. This type of mortgage usually has a higher interest rate than a conforming loan.
Getting Mortgage Quotes
To get the best possible rates, do your research and don't be afraid to to contact a mulitple lenders. Keep all your inquiries to within a 14-day period to prevent your credit score (also known as a FICO score) from being negatively impacted by too many credit inquiries. Most inquiries that take place within a 14-day stretch of time are counted as one inquiry.
It's wise to shop for a mortgage before you start house-hunting. Mortgage pre-approval is one of the best bargaining tools you can have when it comes to negotiating a sales price. Plus, it'll save you valuable time at closing.
The Davidson Team works with an outstanding preferred lender, Kevin Nelson at Discover NCW Mortgage. You can visit his website at http://www.kevinnelson.biz/. You can also reach him at (509) 663-9521 or info@kevinnelson.biz .
Luxary Home Trends
One of the best ways to update your home and ensure a good resale value is to adopt trends from the luxury home market. These cutting edge trends eventually find their way into the new construction market and become mainstream styles. While most households can't afford in-home elevators or a custom wine cellar, here are a few of the affordable latest luxury home must-haves that are well on their way to new homes across the nation.
In the Kitchen
Warming drawer - Better than the warm setting in your oven, warming drawers keep foods hot and moist until guests arrive or the rest of the meal is ready.
Refrigerating oven - Program it to refrigerate during the day then log on remotely to start the cooking and have your meal ready when you get home.
Multi-level islands - A raised portion of a kitchen island adds dimension, a comfortable eating surface and, if placed strategically, can mask the clutter around a sink or stovetop area.
Three-door refrigerator - Two French doors on the top and a large one-drawer freezer on the bottom make for easier access to the items you use most.
Food prep sink - An extra sink doesn't need to take up a lot of precious counter space but in a large kitchen it can improve the work flow and even encourage others to participate in the food preparation.
In the Bath
Vertical spas - One of the hottest trends in today's baths, these incorporate multiple showerheads, water diverters and sophisticated temperature control systems into your shower.
Heated tile floors - Add to the spa feeling with cozy radiant heat under tile flooring. If you're considering new flooring, this is easy to install and a big selling point.
Towel warming drawers - This luxury trend started in the kitchen and is taking electric towel bars to a new level by warming up your robe and slippers.
Stone countertops - Granite, marble and soapstone come in natural colors that complement most bathroom cabinets. They're also easier to keep clean compared to traditional tile.
In the Master Suite
Fireplace - Gas fireplaces are quickly becoming fixtures in luxury homes. Builders are maximizing their effect by constructing them into a wall adjacent to the master bathroom so they can be seen from both sides.
Walk-in closets - Walk-ins are almost required in new homes today, but the luxury market has taken them to a whole new level with the addition of extravagant cabinetry and center islands with storage drawers.
Outside
Outdoor kitchens - More and more homeowners are taking their cooking and entertaining out back with the addition of fully functional kitchens that include grills, custom cabinets and worktops, and even wood-fired ovens.
Heated patios - An emerging trend in cooler climates, radiant-heated patios and driveways melt snow and ice and keep walkways safe.
Whether you are thinking of selling soon, or simply want to enjoy the benefit of upgrading your home while you're still living there, these affordable luxury trends are certain to hold their appeal for years to come.
In the Kitchen
Warming drawer - Better than the warm setting in your oven, warming drawers keep foods hot and moist until guests arrive or the rest of the meal is ready.
Refrigerating oven - Program it to refrigerate during the day then log on remotely to start the cooking and have your meal ready when you get home.
Multi-level islands - A raised portion of a kitchen island adds dimension, a comfortable eating surface and, if placed strategically, can mask the clutter around a sink or stovetop area.
Three-door refrigerator - Two French doors on the top and a large one-drawer freezer on the bottom make for easier access to the items you use most.
Food prep sink - An extra sink doesn't need to take up a lot of precious counter space but in a large kitchen it can improve the work flow and even encourage others to participate in the food preparation.
In the Bath
Vertical spas - One of the hottest trends in today's baths, these incorporate multiple showerheads, water diverters and sophisticated temperature control systems into your shower.
Heated tile floors - Add to the spa feeling with cozy radiant heat under tile flooring. If you're considering new flooring, this is easy to install and a big selling point.
Towel warming drawers - This luxury trend started in the kitchen and is taking electric towel bars to a new level by warming up your robe and slippers.
Stone countertops - Granite, marble and soapstone come in natural colors that complement most bathroom cabinets. They're also easier to keep clean compared to traditional tile.
In the Master Suite
Fireplace - Gas fireplaces are quickly becoming fixtures in luxury homes. Builders are maximizing their effect by constructing them into a wall adjacent to the master bathroom so they can be seen from both sides.
Walk-in closets - Walk-ins are almost required in new homes today, but the luxury market has taken them to a whole new level with the addition of extravagant cabinetry and center islands with storage drawers.
Outside
Outdoor kitchens - More and more homeowners are taking their cooking and entertaining out back with the addition of fully functional kitchens that include grills, custom cabinets and worktops, and even wood-fired ovens.
Heated patios - An emerging trend in cooler climates, radiant-heated patios and driveways melt snow and ice and keep walkways safe.
Whether you are thinking of selling soon, or simply want to enjoy the benefit of upgrading your home while you're still living there, these affordable luxury trends are certain to hold their appeal for years to come.
Consumer Tip: Home Mortgage Interest
You can save thousands of dollars in interest on your home, and pay it off in much less than the term of the loan, by just paying a little extra with each monthly payment. For example, if you had a home mortgage of $100,000, payable at 7% per annum interest, by paying just an extra $110 monthly toward the principal, you would save $53,439 in interest payments over the life of the loan. You would save thousands of dollars, and would own your home, free and clear, in just 20 years.
If you would like to pay a little extra on your loan principal monthly, and want to know how much you could save, call The Davidson Team. We will run an amortization schedule for you and/or refer you to our preferred mortgage specialist.
Have an outstanding weekend!
If you would like to pay a little extra on your loan principal monthly, and want to know how much you could save, call The Davidson Team. We will run an amortization schedule for you and/or refer you to our preferred mortgage specialist.
Have an outstanding weekend!
Thought Provoking
An elderly carpenter was ready to retire. He told his employer of his plans to leave the house building business and live a more leisurely life with his wife. He would miss the paycheck, but he needed to retire. They weren't wealthy, but they could get by.
The contractor was sorry to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials. It was an unfortunate way to end his career.
When the carpenter finished his work and the builder came to inspect the house, the contractor handed the front door keys to the carpenter. "This is your house," he said, "my gift to you for your many years as a faithful employee."
What a shock! What a shame! If he had only known he was building his own house, he would have done it all so differently. Now he had to live in a home he had built none too well.
So it is with us. We build our lives in a distracted way, reacting rather than acting, willing to accept less than the best. At important points we don't give the job our best effort. Then with a shock we look at the situation we have created and find that we are now living in a house we have built none too well. If we had only realized, we could have done it so differently.
Think of yourself as a carpenter. Think of life as a house. Each day you hammer a nail, place a board, or erect a wall. Build wisely. It is the only life you will ever build. Even if you live it for only one more day, that day deserves to be lived graciously and with dignity. Without doubt, life is a do-it-yourself project.
Who could say it more clearly? Your life is a result of the attitudes you formed and choices you made in the past. Your life tomorrow will be the result of the attitudes you form and the choices you make today.
The contractor was sorry to see his good worker go and asked if he could build just one more house as a personal favor. The carpenter said yes, but in time it was easy to see that his heart was not in his work. He resorted to shoddy workmanship and used inferior materials. It was an unfortunate way to end his career.
When the carpenter finished his work and the builder came to inspect the house, the contractor handed the front door keys to the carpenter. "This is your house," he said, "my gift to you for your many years as a faithful employee."
What a shock! What a shame! If he had only known he was building his own house, he would have done it all so differently. Now he had to live in a home he had built none too well.
So it is with us. We build our lives in a distracted way, reacting rather than acting, willing to accept less than the best. At important points we don't give the job our best effort. Then with a shock we look at the situation we have created and find that we are now living in a house we have built none too well. If we had only realized, we could have done it so differently.
Think of yourself as a carpenter. Think of life as a house. Each day you hammer a nail, place a board, or erect a wall. Build wisely. It is the only life you will ever build. Even if you live it for only one more day, that day deserves to be lived graciously and with dignity. Without doubt, life is a do-it-yourself project.
Who could say it more clearly? Your life is a result of the attitudes you formed and choices you made in the past. Your life tomorrow will be the result of the attitudes you form and the choices you make today.
Home Inspection
Most clients ask for a home inspection of their potential new house. If you decided to list with The Davidson Team, we provide a free home inspection as a part of our services. Additionally, wealso provide tips on how to gain the most out of the inspections.
When deciding on a home inspector, first be sure they are experienced and reputable. Once the inspection is completed, we can review the results to understand the current condition of the property and how that may influence your interest in making an offer as well as determining an initial offer price. For example, you may discover that you'll need to replace or repair major systems and components, or that the property maintenance costs are more that you had in mind.
This is the added value a good agent can bring to your home buying process. There are so many things to consider when you shop for your new home. IWed be happy to share our expertise to ensure that this experience will be rewarding and hassle free.
Here's some additional tips:
1. Find out how much it will cost to maintain the property. 2. Obtain bids from certain contractors (plumber, roofer, electrician or drainage expert) who may need to look at the property before giving estimates. 3. Find out if the seller has had contractors work on the property. They may be able to provide you with information about future maintenance costs. 4. Discover from the previous owners what routine maintenance chores they took care of during their term of ownership. 5. When was the last time the roof gutters were cleaned? 6. Obtain names and numbers of craftsmen previous owners utilized.
We hope you find this info useful!
When deciding on a home inspector, first be sure they are experienced and reputable. Once the inspection is completed, we can review the results to understand the current condition of the property and how that may influence your interest in making an offer as well as determining an initial offer price. For example, you may discover that you'll need to replace or repair major systems and components, or that the property maintenance costs are more that you had in mind.
This is the added value a good agent can bring to your home buying process. There are so many things to consider when you shop for your new home. IWed be happy to share our expertise to ensure that this experience will be rewarding and hassle free.
Here's some additional tips:
1. Find out how much it will cost to maintain the property. 2. Obtain bids from certain contractors (plumber, roofer, electrician or drainage expert) who may need to look at the property before giving estimates. 3. Find out if the seller has had contractors work on the property. They may be able to provide you with information about future maintenance costs. 4. Discover from the previous owners what routine maintenance chores they took care of during their term of ownership. 5. When was the last time the roof gutters were cleaned? 6. Obtain names and numbers of craftsmen previous owners utilized.
We hope you find this info useful!
Vacation Homes
It may hit you every year about this time as you schedule your annual family trip to the coast or other favorite vacation spot. "Wouldn't it be great if we owned our own beach home (or condo or ski chalet)? Instead of paying rent to someone else, we'd be paying ourselves." Well, if you decide to refinance and spend the money on a vacation home, here are some tips to consider.
The 17-week formula
How do you know if you can afford a vacation home -- even with the help of renters? Estimate that one peak-week rental fee should be enough -- and hopefully more than enough -- to pay the home's monthly mortgage if you finance your purchase. For example, if you borrow $300,000 at 5.5 percent for 30 years on your beach cottage, your monthly house payment would be $1,703.36. That should be your minimum weekly peak-rate rental fee. If you don't think you can charge that much for rent, don't buy. However, if you can be reasonably sure of renting your home for at least 17 weeks a year, you should break even. Most owners can count on 12 peak rental weeks each year. Those 12 weeks each year should pay the annual mortgage. Five additional weeks of non-peak rental income usually enable owners to cover taxes, cleaning and maintenance expenses, and other incidentals.
Call The Davidson Team if you are looking to invest into a vacation home. We'd be happy to make sure you land the best deal possible!
The 17-week formula
How do you know if you can afford a vacation home -- even with the help of renters? Estimate that one peak-week rental fee should be enough -- and hopefully more than enough -- to pay the home's monthly mortgage if you finance your purchase. For example, if you borrow $300,000 at 5.5 percent for 30 years on your beach cottage, your monthly house payment would be $1,703.36. That should be your minimum weekly peak-rate rental fee. If you don't think you can charge that much for rent, don't buy. However, if you can be reasonably sure of renting your home for at least 17 weeks a year, you should break even. Most owners can count on 12 peak rental weeks each year. Those 12 weeks each year should pay the annual mortgage. Five additional weeks of non-peak rental income usually enable owners to cover taxes, cleaning and maintenance expenses, and other incidentals.
Call The Davidson Team if you are looking to invest into a vacation home. We'd be happy to make sure you land the best deal possible!
Thursday, December 20, 2007
Organize Your Home: Part 2
In our last post, we defined clutter as anything that is out of place, broken, unused or just something you really dislike. Today we are going to start in one small place (a closet or junk drawer will do nicely) and put things in order!
First, you will need 4 cardboard boxes and a large trash can. Label the boxes as follows:
MementosPut away Fix Set Free
The trash can. You will find plenty of stuff that is absolutely unusable. Be ruthless.
Mementos. Set an alarm clock to go off in 1-2 hours. You don't want to overdo things! Open the closet or junk drawer and select the first object. Now we will use the four definitions of clutter to help us decide which box to use for each item.
The Put Away box. Anything goes in here that is out of place and would be better off in a more convenient location. As soon as the alarm clock goes off you will take 10 minutes or so to put all the items in this box where they really belong.
The Fix box. If the item is damaged or missing a part, but you are certain you would use it regularly if repaired, put it in this box. Objects can only reside in the fix box for one week before they have to change residence! If you do not repair the item by week's end it must go into the *Set Free* box.
The Set Free box. This box will hold items that you dislike, things you haven't used in more than a year, orphaned gifts from friends and family (when you said, "Oh, you really shouldn't have!"), things that still have some good use in them, things that will surely fit again someday. This box will go in the trunk of the car. You will take the box to a local resale store or to a charity center. Many charities will even pick up this stuff at your front door,what convenience! You will be doing a good thing, since someone will be getting some good out of these items right now.
The Mementos box. This one can be a bit tricky. It's for things that have true sentimental or family heirloom value. You will want to invest in a cedar chest or other similar sized permanent storage unit. The items from this box will go into that permanent storage. But remember, that cedar heirloom chest will fill up rapidly if you are too casual about what's an heirloom. Consider passing on some of these things to extended family members right now, don't wait 20 years!
Now you are one closet closer to having a serene, uncluttered home!
First, you will need 4 cardboard boxes and a large trash can. Label the boxes as follows:
MementosPut away Fix Set Free
The trash can. You will find plenty of stuff that is absolutely unusable. Be ruthless.
Mementos. Set an alarm clock to go off in 1-2 hours. You don't want to overdo things! Open the closet or junk drawer and select the first object. Now we will use the four definitions of clutter to help us decide which box to use for each item.
The Put Away box. Anything goes in here that is out of place and would be better off in a more convenient location. As soon as the alarm clock goes off you will take 10 minutes or so to put all the items in this box where they really belong.
The Fix box. If the item is damaged or missing a part, but you are certain you would use it regularly if repaired, put it in this box. Objects can only reside in the fix box for one week before they have to change residence! If you do not repair the item by week's end it must go into the *Set Free* box.
The Set Free box. This box will hold items that you dislike, things you haven't used in more than a year, orphaned gifts from friends and family (when you said, "Oh, you really shouldn't have!"), things that still have some good use in them, things that will surely fit again someday. This box will go in the trunk of the car. You will take the box to a local resale store or to a charity center. Many charities will even pick up this stuff at your front door,what convenience! You will be doing a good thing, since someone will be getting some good out of these items right now.
The Mementos box. This one can be a bit tricky. It's for things that have true sentimental or family heirloom value. You will want to invest in a cedar chest or other similar sized permanent storage unit. The items from this box will go into that permanent storage. But remember, that cedar heirloom chest will fill up rapidly if you are too casual about what's an heirloom. Consider passing on some of these things to extended family members right now, don't wait 20 years!
Now you are one closet closer to having a serene, uncluttered home!
Organize Your Home: Part 1
In the next two posts we will share some great tips on how to de-clutter and organize your home.
The first step in winning the Clutter War is to de-bug your own mind! Most of us don't recognize clutter when it falls out of the closet onto our heads, so how in the world will we conquer it? Let's start by defining what clutter is. Clutter is anything in your home:
* That is out of place
* That is broken
* That you have not used or worn in more than a year
* That you dislike
Now don't panic! We won't be telling you to throw everything away that falls within the above definition of clutter. BUT, once you get a clear picture in your head of what constitutes clutter you will be better able to deal with it. In the next installment we start in one small place to give you some practice in sorting through all that clutter.
Curb Appeal
Today we want to share some simple ways that you can improve the curb appeal of your home. Curb appeal is something every homeowner needs!
Walk across the street and look at your overall landscape.
Are shrubs trimmed neatly?
Windows and doors should not be overshadowed by overgrown bushes.
Clear your entry, sidewalk, and plant beds of leaves and debris.
Add a new layer of attractive mulch to all planting areas.
Are there bare spots or weeds in the lawn? Your local garden supplier can tell you the best way to remedy this problem.
Hardscape (bird feeders or houses, simple water features, statuary) can add warmth and character to an otherwise drab terrain.
Don't forget to call The Davidson Team with any real estate questions you may have, and remember to tell your friends about us!
Walk across the street and look at your overall landscape.
Are shrubs trimmed neatly?
Windows and doors should not be overshadowed by overgrown bushes.
Clear your entry, sidewalk, and plant beds of leaves and debris.
Add a new layer of attractive mulch to all planting areas.
Are there bare spots or weeds in the lawn? Your local garden supplier can tell you the best way to remedy this problem.
Hardscape (bird feeders or houses, simple water features, statuary) can add warmth and character to an otherwise drab terrain.
Don't forget to call The Davidson Team with any real estate questions you may have, and remember to tell your friends about us!
Home Decorating
One of the joys of owning your own home is having the freedom to decorate a room to please yourself. The only problem is, most of us don't even know where to start! Here are some simple tips on re-arranging a room that can make the difference between "okay" and "wow" whether it be from a friend of a potential home buyer.
Before you start your room re-arrangement, consider emptying the room completely. Take down all the wall décor and remove any rugs. Now, look at the room as if you are seeing it for the first time. Also consider what activities you want to take place in the room. Let form follow function.
The number one mistake people make is to push all the furniture back against the walls of a den or living room. This makes conversation difficult and creates a walkway through the middle of the conversation area. Try pulling your furniture out into the room into a cozy grouping for conversation. Experiment with placing the seating group at an angle instead of neatly lined up with the walls. A rug and a coffee table can anchor the seating group so that it looks like it "belongs" in the center of the room.
Instead of spreading out your wall hangings along the walls, try grouping several pieces together for stronger impact. Also, it is easier to create "random" groupings than symmetrical designs which require careful measuring and spacing.
Now that your furniture isn't lining the walls you can add depth to your wall décor by creating three dimensional groupings. If you have a grouping of pictures or accessories on the wall, try placing a small table or chest below them. Dress the table top with 2 or 3 favorite objects of varying heights to add dimension.
The Davidson Team hopes you find these tips helpful, and don't forget, if you have any real estate questions, we're just a phone call or email away!
Before you start your room re-arrangement, consider emptying the room completely. Take down all the wall décor and remove any rugs. Now, look at the room as if you are seeing it for the first time. Also consider what activities you want to take place in the room. Let form follow function.
The number one mistake people make is to push all the furniture back against the walls of a den or living room. This makes conversation difficult and creates a walkway through the middle of the conversation area. Try pulling your furniture out into the room into a cozy grouping for conversation. Experiment with placing the seating group at an angle instead of neatly lined up with the walls. A rug and a coffee table can anchor the seating group so that it looks like it "belongs" in the center of the room.
Instead of spreading out your wall hangings along the walls, try grouping several pieces together for stronger impact. Also, it is easier to create "random" groupings than symmetrical designs which require careful measuring and spacing.
Now that your furniture isn't lining the walls you can add depth to your wall décor by creating three dimensional groupings. If you have a grouping of pictures or accessories on the wall, try placing a small table or chest below them. Dress the table top with 2 or 3 favorite objects of varying heights to add dimension.
The Davidson Team hopes you find these tips helpful, and don't forget, if you have any real estate questions, we're just a phone call or email away!
What You Don't Know CAN Hurt You!
· What is the difference between assessed value and market value?· Do you need a cancellation clause? · What is a chattel mortgage?· Is a housing expense ratio important?
These are just a few of the things that can trip you up when you venture into the world of buying and selling real estate. In today's real estate market, what you don't know can hurt you! Lack of experience can be very costly, as many do-it-yourselfers and For Sale By Owners have discovered too late.
Whether you are buying or selling real estate, an educated, consultative real estate professional can save you money and precious time. The Davidson Team can steer you through the unknown waters of the real estate market and land you safely at the front door of your new home!
These are just a few of the things that can trip you up when you venture into the world of buying and selling real estate. In today's real estate market, what you don't know can hurt you! Lack of experience can be very costly, as many do-it-yourselfers and For Sale By Owners have discovered too late.
Whether you are buying or selling real estate, an educated, consultative real estate professional can save you money and precious time. The Davidson Team can steer you through the unknown waters of the real estate market and land you safely at the front door of your new home!
Dos and Don'ts of Watering Your Lawn
The start of the warm season has definitely started as marked by yesterday's beautiful 70 degree day. We love this season in North Central Washington because of all the recreational activities in the nearby hills, mountains, lakes and rivers.
Another joy of the warm season if you are a homeowner is getting to sit back and admire that lovely emerald green stretch of lawn in your front yard. Of course, before you sit back and admire you have to bend over and use a little elbow grease.
Some people work harder than they have to in order to have a beautiful lawn. Grass is pretty tough. If you give it the right growing conditions your grass will defend itself from most weeds and diseases. One of the main mistakes people make is when and how to water the lawn. Here are some watering tips that will help your lawn be strong and healthy.
DO water every 5-6 days during the warm season.
DO water early in the morning.
DO set sprinkler water spray close to the ground, not in high arcs.
DO soak the area for 30 minutes to 1 hour.
DON'T water during the heat of the day (you lose 1/3 of the water to evaporation).
DON'T over-water as you will lose nutrients and encourage rot and disease.
DON'T water too frequently, as it encourages shallow roots and weak grass.
If you have any questions about selling or buying a home, please feel free to contact The Davidson Team at any time.
Another joy of the warm season if you are a homeowner is getting to sit back and admire that lovely emerald green stretch of lawn in your front yard. Of course, before you sit back and admire you have to bend over and use a little elbow grease.
Some people work harder than they have to in order to have a beautiful lawn. Grass is pretty tough. If you give it the right growing conditions your grass will defend itself from most weeds and diseases. One of the main mistakes people make is when and how to water the lawn. Here are some watering tips that will help your lawn be strong and healthy.
DO water every 5-6 days during the warm season.
DO water early in the morning.
DO set sprinkler water spray close to the ground, not in high arcs.
DO soak the area for 30 minutes to 1 hour.
DON'T water during the heat of the day (you lose 1/3 of the water to evaporation).
DON'T over-water as you will lose nutrients and encourage rot and disease.
DON'T water too frequently, as it encourages shallow roots and weak grass.
If you have any questions about selling or buying a home, please feel free to contact The Davidson Team at any time.
The MLS - How It Can Help You!
The Davidson Team would like to tell you about a home seller's/buyer's greatest tool, the Multiple Listing Service (MLS). Think of it as a huge catalog that markets and sells homes. Agents can punch in a buyer's specifications and preferences, along with the amount they are willing to spend and, viola! - A complete listing of all homes fitting that criteria magically appear!
Think about this: If you were going to make a large purchase, let's say a car, would you rather spend weeks checking the classifieds and driving all over town to see one car here and one car there? Or would you decide what you are looking for in a car and then go to the largest and most reputable dealer in town to compare several cars at once? The vast majority of folks would rather buy from a reputable, well-stocked dealer. It's the same with real estate. We can offer you several advantages in marketing your home, but the main advantage is SCORES OF QUALIFIED PROSPECTIVE BUYERS. The more people who see your home, the better your chances of selling it at a good price, quickly. That is why the very first thing I do when I list your home is to put it into the MLS...in addition to effectively implementing a Customer Marketing Plan just for your property. Click below to learn more!
http://www.wenatcheehouses.com/marketing_plan.php
If you are thinking about selling, click here http://www.wenatcheehouses.com/home_worth.php and you'll receive a FREE comparative market analysis (CMA) based on research from the MLS and our extensive knowledge of the North Central Washington real estate market. Additionally if you'd like, we'll can set up an appointment to present how our Custom Marketing Plan will differentiate you! Not looking to sell right now? No worries, this is a FREE service and knowing the value of your home is essential part of home ownership.
If you are thinking about buying, click here http://www.wenatcheehouses.com/email_home_listings.php to take advantage of our Exclusive Buyer System. This system will help you beat out other buyers to hot new homes and properties as they come on the market. No more wasted time looking at out-dated information in HomeFinders, newspapers or searching the Internet. Priority email notifications means you're there first before other buyers, so you can negotiate the lowest possible price and your time is not wasted viewing homes that don't interest you.
Think about this: If you were going to make a large purchase, let's say a car, would you rather spend weeks checking the classifieds and driving all over town to see one car here and one car there? Or would you decide what you are looking for in a car and then go to the largest and most reputable dealer in town to compare several cars at once? The vast majority of folks would rather buy from a reputable, well-stocked dealer. It's the same with real estate. We can offer you several advantages in marketing your home, but the main advantage is SCORES OF QUALIFIED PROSPECTIVE BUYERS. The more people who see your home, the better your chances of selling it at a good price, quickly. That is why the very first thing I do when I list your home is to put it into the MLS...in addition to effectively implementing a Customer Marketing Plan just for your property. Click below to learn more!
http://www.wenatcheehouses.com/marketing_plan.php
If you are thinking about selling, click here http://www.wenatcheehouses.com/home_worth.php and you'll receive a FREE comparative market analysis (CMA) based on research from the MLS and our extensive knowledge of the North Central Washington real estate market. Additionally if you'd like, we'll can set up an appointment to present how our Custom Marketing Plan will differentiate you! Not looking to sell right now? No worries, this is a FREE service and knowing the value of your home is essential part of home ownership.
If you are thinking about buying, click here http://www.wenatcheehouses.com/email_home_listings.php to take advantage of our Exclusive Buyer System. This system will help you beat out other buyers to hot new homes and properties as they come on the market. No more wasted time looking at out-dated information in HomeFinders, newspapers or searching the Internet. Priority email notifications means you're there first before other buyers, so you can negotiate the lowest possible price and your time is not wasted viewing homes that don't interest you.
Tax Appraisal Value of Homes
Don't you just love it when tax appraisal time comes around? You never know what you're going to get! As real estate professionals, we're often amused that the tax appraisal value of homes can go up even while the actual selling price of homes may go down. Kind of makes you wonder what criteria the bureaucrats are using when they value our homes.
This is the reason why buyers shouldn't get carried away just because a house is being offered at *10,000 below tax appraisal!!!* That tax appraisal may not be in harmony with the actual market price of the house in question. When buying or selling, market value is the real deciding factor. Where the real estate market is concerned, a home is worth exactly as much as the most eager buyer is willing to pay.
As real estate professionals, The Davidson Team can provide a comparative market evaluation (free, of course!) on your property, taking into consideration all of the comparable property sales in your market area and factoring in the things that make your home unique. This helps us to set the price of your property at the right place, and positions you to realize the greatest profit in the least amount of time.
Even if you are not currently thinking about selling your home, it is useful to have a comparative market evaluation prepared. And when it's free, with no obligation, why not take advantage of it?
This is the reason why buyers shouldn't get carried away just because a house is being offered at *10,000 below tax appraisal!!!* That tax appraisal may not be in harmony with the actual market price of the house in question. When buying or selling, market value is the real deciding factor. Where the real estate market is concerned, a home is worth exactly as much as the most eager buyer is willing to pay.
As real estate professionals, The Davidson Team can provide a comparative market evaluation (free, of course!) on your property, taking into consideration all of the comparable property sales in your market area and factoring in the things that make your home unique. This helps us to set the price of your property at the right place, and positions you to realize the greatest profit in the least amount of time.
Even if you are not currently thinking about selling your home, it is useful to have a comparative market evaluation prepared. And when it's free, with no obligation, why not take advantage of it?
Loans and Refinancing - What you need to know
Many potential customers simply call lenders up and ask, "What's your rate?" But they fail to indicate what kind of loan they need, how long of a lock period they want, how many discount points they're willing to pay, how long the rate is good for, or anything else. Consumers have to specify all of these things or lenders can pretty much say whatever they want, and then provide different figures when the customers come in and blame the lack of specificity.
A loan with a lock period of just 15 days, for instance, usually has a lower rate than one that a consumer can lock in for 60 days. Most consumers opt for loans with longer locks because they need more than two weeks to close. But loan officers sometimes quote rates on their shortest-lock loans over the phone or in print just to sound cheap, knowing full well that many callers will never be able to obtain those loans. Companies can provide rates that include several points to look better, even though many customers either can't or don't want to put down several thousand extra dollars at closing.
More about Loans and Refinancing Figure in the feesBorrowers often forget to ask about fees, and don't compare lenders based on those costs. That allows companies to pad their bottom lines by adding "document preparation fees," "underwriting fees" and other miscellaneous charges to the loan at closing. Lenders don't control certain fees for services provided by third parties, such as title searches and appraisals. But they can adjust their own fees, so consumers who know to do so will negotiate.
Don't believe everything you readConsumers need to watch out for advertising tricks, too. Companies have been plugging "no cost" refinance loans lately, but the tagline really means "no out-of-pocket costs at closing." Borrowers pay higher rates on these mortgages and lenders use the extra money to pay the costs themselves.
The annual percentage rate, or APR, found in advertisements can be misleading as well. Mortgage lenders don't always include all the fees they charge in the calculation that determines APR, so customers who use that figure to shop rather than an itemized breakdown of rates, points and fees may end up comparing apples to oranges. Of course, it's difficult for borrowers to compare fees when they don't know what they are. By law, lenders and brokers don't have to give what's called the Good Faith Estimate document to customers until three days after they apply. But there's nothing preventing shoppers from asking for it before committing to anything. Reputable lenders and brokers will provide one.
If you have any questions about loans and refinancing, we'd be happy to talk with you and even suggest one of our well trusted lenders.
A loan with a lock period of just 15 days, for instance, usually has a lower rate than one that a consumer can lock in for 60 days. Most consumers opt for loans with longer locks because they need more than two weeks to close. But loan officers sometimes quote rates on their shortest-lock loans over the phone or in print just to sound cheap, knowing full well that many callers will never be able to obtain those loans. Companies can provide rates that include several points to look better, even though many customers either can't or don't want to put down several thousand extra dollars at closing.
More about Loans and Refinancing Figure in the feesBorrowers often forget to ask about fees, and don't compare lenders based on those costs. That allows companies to pad their bottom lines by adding "document preparation fees," "underwriting fees" and other miscellaneous charges to the loan at closing. Lenders don't control certain fees for services provided by third parties, such as title searches and appraisals. But they can adjust their own fees, so consumers who know to do so will negotiate.
Don't believe everything you readConsumers need to watch out for advertising tricks, too. Companies have been plugging "no cost" refinance loans lately, but the tagline really means "no out-of-pocket costs at closing." Borrowers pay higher rates on these mortgages and lenders use the extra money to pay the costs themselves.
The annual percentage rate, or APR, found in advertisements can be misleading as well. Mortgage lenders don't always include all the fees they charge in the calculation that determines APR, so customers who use that figure to shop rather than an itemized breakdown of rates, points and fees may end up comparing apples to oranges. Of course, it's difficult for borrowers to compare fees when they don't know what they are. By law, lenders and brokers don't have to give what's called the Good Faith Estimate document to customers until three days after they apply. But there's nothing preventing shoppers from asking for it before committing to anything. Reputable lenders and brokers will provide one.
If you have any questions about loans and refinancing, we'd be happy to talk with you and even suggest one of our well trusted lenders.
Wednesday, December 19, 2007
When Should I Put My Home On The Market?
There is no "best" time to sell per se. Selling a house depends on supply, demand and other economic factors. But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price. Weather conditions are less of a consideration in more temperate climates, but most of the time, the real estate market picks up as early as February, with the strongest selling season usually lasting through May and June.
With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective homebuyers and their agents take vacations during mid-summer.
Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.
If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.
Would discovering the length of time it might take to sell your house help in your planning process?
As Realtors, The Davidson Team can easily obtain information from our Multiple Listing Service (MLS) showing average time on the market from the time a house was listed to when an offer is accepted. Another factor to consider is the time involved between when an offer is accepted and when the transaction actually closes.
We would be happy to schedule a time to provide any information we can that would make the selling of your home a hassle free transaction. Don't hesitate to email or phone us anytime!
With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective homebuyers and their agents take vacations during mid-summer.
Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.
If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.
Would discovering the length of time it might take to sell your house help in your planning process?
As Realtors, The Davidson Team can easily obtain information from our Multiple Listing Service (MLS) showing average time on the market from the time a house was listed to when an offer is accepted. Another factor to consider is the time involved between when an offer is accepted and when the transaction actually closes.
We would be happy to schedule a time to provide any information we can that would make the selling of your home a hassle free transaction. Don't hesitate to email or phone us anytime!
Contigent Sales Offer
While you may be focused on the important first steps for getting your home ready for sale, it's a good idea to look ahead to other decisions in the transaction once purchase and sale agreements have been signed. For example, whether or not to accept a contingent sale offer can depend on activity in the local market and your own particular situation, among other factors.
What is a contingent sale offer? It's an offer made subject to the sale for the buyer's property. If the buyer's property doesn't sell, the buyer isn't obligated to complete the purchase. Repeat buyers, unlike first-time buyers, often have to sell their existing home so they can afford to buy another home. Some repeat buyers sell their home first and then buy. But others find it difficult to let go of their current home until they know for sure where they'll live next. An experienced agent will help you navigate the contingent sale offer.
When you're ready to sell your home, we can talk through all the steps in the home selling process and do some planning to ensure that your home sale is as hassle-free as possible.
Handling A Contingent Sales Offer
Find out as much as you can about the buyer' property before deciding whether or not to accept the offer. If it's already on the market, have your agent ask the buyer's listing agent how much activity they're getting from interested buyers.
The buyer's home may not yet be on the market when they make their offer. If so, and you want to work with the offer, make sure your purchase contract includes a provision for the buyer to multiple-list their home within several days of contact acceptance. You may also want your agent to have the right to approve of the list price of the buyer's home.
Make sure that your contract with a contingent sale buyer specifies two time frames: one for the buyer's property to sell (say 30 to 60 days) and another for closing the sale. Often contingent sales offers don't specify a time period for the buyers to find a buyer for their home. Without this provision, you could find out the day before closing is supposed to occur that the buyers still haven't sold their home.
Don't hesitate to call or email The Davison Team with any questions!
What is a contingent sale offer? It's an offer made subject to the sale for the buyer's property. If the buyer's property doesn't sell, the buyer isn't obligated to complete the purchase. Repeat buyers, unlike first-time buyers, often have to sell their existing home so they can afford to buy another home. Some repeat buyers sell their home first and then buy. But others find it difficult to let go of their current home until they know for sure where they'll live next. An experienced agent will help you navigate the contingent sale offer.
When you're ready to sell your home, we can talk through all the steps in the home selling process and do some planning to ensure that your home sale is as hassle-free as possible.
Handling A Contingent Sales Offer
Find out as much as you can about the buyer' property before deciding whether or not to accept the offer. If it's already on the market, have your agent ask the buyer's listing agent how much activity they're getting from interested buyers.
The buyer's home may not yet be on the market when they make their offer. If so, and you want to work with the offer, make sure your purchase contract includes a provision for the buyer to multiple-list their home within several days of contact acceptance. You may also want your agent to have the right to approve of the list price of the buyer's home.
Make sure that your contract with a contingent sale buyer specifies two time frames: one for the buyer's property to sell (say 30 to 60 days) and another for closing the sale. Often contingent sales offers don't specify a time period for the buyers to find a buyer for their home. Without this provision, you could find out the day before closing is supposed to occur that the buyers still haven't sold their home.
Don't hesitate to call or email The Davison Team with any questions!
Pre-Approved Buyers
Knowing where to spend your time between pre-approved and pre-qualified buyers is key to saving you time and maximizing your home sale. A successful agent ensures that you are talking to pre-approved buyers. Why? Because pre-approved buyers have the financial backing to make an offer today and can save you time in the home selling process.
An offer from a pre-approved buyer can save days or even weeks off the closing process. If you are purchasing other property, this can result in huge savings, both in dollars and in aggravation and hassle.
When we assist sellers, we ensure we are dealing with offers from pre-approved buyers.
Pre-Qualification vs. Pre-Approval
A pre-qualified buyer has a potential lender who has determined how much he/she can borrow based only on information he/she has provided to the lender. No one has done the required verification to determine the buyer's true credit worthiness. This buyer still must fill out a loan application and go through the lender's approval process at a later date.
A pre-approved buyer has already secured funding from a lender. The lender has conducted a credit check and verification of employment and deposit. The lender's pre-approval is actually a commitment to lend the buyer up to a pre-determined amount.
Call or email The Davidson Team if we can be of any assistance!
An offer from a pre-approved buyer can save days or even weeks off the closing process. If you are purchasing other property, this can result in huge savings, both in dollars and in aggravation and hassle.
When we assist sellers, we ensure we are dealing with offers from pre-approved buyers.
Pre-Qualification vs. Pre-Approval
A pre-qualified buyer has a potential lender who has determined how much he/she can borrow based only on information he/she has provided to the lender. No one has done the required verification to determine the buyer's true credit worthiness. This buyer still must fill out a loan application and go through the lender's approval process at a later date.
A pre-approved buyer has already secured funding from a lender. The lender has conducted a credit check and verification of employment and deposit. The lender's pre-approval is actually a commitment to lend the buyer up to a pre-determined amount.
Call or email The Davidson Team if we can be of any assistance!
Thinking About Making A Move?
There are many factors to consider when you are contemplating making a move. Price is one of the most important.
Another factor to consider is when to sell. The decision about when to put your home on the market is usually determined by when you want or need to move. Once you have decided on a move date, we can analyze the approximate time your home should take to sell by looking at the average time on the market for comparable homes in your price range. The Davidson Team would be happy to gather that information for you when you are ready.
When you do decide to sell, you'll want to view your home through the eyes of a potential buyer. Some points of consideration are:
* Is your home in 'show shape'? * Are there repairs that need to be made?* Does the paint need a bit of touching up?
If you would like, we can take a quick tour of your home and suggest some simple ways to prepare your home for the market.
Proper pricing and a home that is in 'show shape' will eliminate some of the hassles and help sell your home faster, maximizing your time and profits.
Please feel free to call or email The Davidson Team. We will be happy to provide you with valuable information so you can feel comfortable with the process and make an informed decision about when you want to move.
Another factor to consider is when to sell. The decision about when to put your home on the market is usually determined by when you want or need to move. Once you have decided on a move date, we can analyze the approximate time your home should take to sell by looking at the average time on the market for comparable homes in your price range. The Davidson Team would be happy to gather that information for you when you are ready.
When you do decide to sell, you'll want to view your home through the eyes of a potential buyer. Some points of consideration are:
* Is your home in 'show shape'? * Are there repairs that need to be made?* Does the paint need a bit of touching up?
If you would like, we can take a quick tour of your home and suggest some simple ways to prepare your home for the market.
Proper pricing and a home that is in 'show shape' will eliminate some of the hassles and help sell your home faster, maximizing your time and profits.
Please feel free to call or email The Davidson Team. We will be happy to provide you with valuable information so you can feel comfortable with the process and make an informed decision about when you want to move.
Buying Vacation Property
The boom in vacation properties is just beginning. It appears to be a strong real estate trend in the coming years...especially in North Central Washington, where water, nature and recreation are so abundant!
There are two main reasons for this trend. First, people born in the 1940s and '50s are now looking toward retirement and are financially able to own a second home. As they live longer, healthier lives and stay active, many are choosing vacation homes near ski slopes, golf courses, or water-sport areas.
The other reason for the growth in the vacation market is money. Many people have refinanced loans and taken the equity from their primary residence to purchase a vacation home. Owning a second home appeals to some people as a safer investment than the stock market.
Here are some tips to help you select a vacation home:
* Buy a home you are going to use in an area you enjoy visiting. If it is too far away or inconvenient to travel to, you won't go often enough.
* Choose a location with a variety of indoor and outdoor activities for when the weather turns bad.
* Research locations and visit destinations, preferably in different seasons.
If you would like help or additional information on vacation-home ownership, please feel free to email or call The Davidson Team.
There are two main reasons for this trend. First, people born in the 1940s and '50s are now looking toward retirement and are financially able to own a second home. As they live longer, healthier lives and stay active, many are choosing vacation homes near ski slopes, golf courses, or water-sport areas.
The other reason for the growth in the vacation market is money. Many people have refinanced loans and taken the equity from their primary residence to purchase a vacation home. Owning a second home appeals to some people as a safer investment than the stock market.
Here are some tips to help you select a vacation home:
* Buy a home you are going to use in an area you enjoy visiting. If it is too far away or inconvenient to travel to, you won't go often enough.
* Choose a location with a variety of indoor and outdoor activities for when the weather turns bad.
* Research locations and visit destinations, preferably in different seasons.
If you would like help or additional information on vacation-home ownership, please feel free to email or call The Davidson Team.
Would You Like To Know The Value Of Your Property?
It is always a good idea to know the value of your property/home. Some of the most common reasons people are interested in an updated evaluation are:
* Insurance purposes
* If you are contemplating refinancing
* If you are contemplating making a move
If you would like an updated opinion on the value for your property/home, The Davidson Team is happy to prepare a free market evaluation for you. We'll will give you a price range based on comparable properties that have sold through the Multiple Listing Association (MLS) in the last six months. Click below to get started today
http://www.wenatcheehouses.com/home_worth.php
If you would like a more precise evaluation, we would be happy to stop by for a quick review of your home or treat you to lunch or coffee. Please feel free to call or email The Davidson Team if you'd like a free home evaluation or any other real estate information.
And if you know of anyone who could benefit from a free market analysis of their property or home, we would love the opportunity to help them as well.
* Insurance purposes
* If you are contemplating refinancing
* If you are contemplating making a move
If you would like an updated opinion on the value for your property/home, The Davidson Team is happy to prepare a free market evaluation for you. We'll will give you a price range based on comparable properties that have sold through the Multiple Listing Association (MLS) in the last six months. Click below to get started today
http://www.wenatcheehouses.com/home_worth.php
If you would like a more precise evaluation, we would be happy to stop by for a quick review of your home or treat you to lunch or coffee. Please feel free to call or email The Davidson Team if you'd like a free home evaluation or any other real estate information.
And if you know of anyone who could benefit from a free market analysis of their property or home, we would love the opportunity to help them as well.
For Sale By Owner Education: Part 3
The Five Best Ways to Market Your Home
Marketing your home will take time and money. You'll want to position your home on the market to maximize your exposure. The more exposure you can provide, the better chance you have of attracting a buyer for your home.
These are some time-tested methods to help you market your home:
* Hold an open house. Set a specific time and have a purchase and sale agreement available. Know at least three ways to finance your home.
* Place an ad in the local newspaper. Avoid using too many abbreviations; people may not know what they mean. Mention the community or neighborhood, number of bedrooms and baths, price, and any other special features, such as a two-car garage or granite countertop.
* Put a "For Sale" sign in your yard, complete with a telephone number where people can reach you if they want to see the house. Specify "by appointment." You don't want to open the door to just anyone.
* Create a flyer. Include pertinent information about your home and your contact information.
* Let the neighbors know you are selling. Friends and neighbors may know of someone who wants to move into your area.
If you're currently selling your home For Sale By Owner or just thinking about it, feel free to touch base with The Davidson Team for suggestions or marketing tips.
Marketing your home will take time and money. You'll want to position your home on the market to maximize your exposure. The more exposure you can provide, the better chance you have of attracting a buyer for your home.
These are some time-tested methods to help you market your home:
* Hold an open house. Set a specific time and have a purchase and sale agreement available. Know at least three ways to finance your home.
* Place an ad in the local newspaper. Avoid using too many abbreviations; people may not know what they mean. Mention the community or neighborhood, number of bedrooms and baths, price, and any other special features, such as a two-car garage or granite countertop.
* Put a "For Sale" sign in your yard, complete with a telephone number where people can reach you if they want to see the house. Specify "by appointment." You don't want to open the door to just anyone.
* Create a flyer. Include pertinent information about your home and your contact information.
* Let the neighbors know you are selling. Friends and neighbors may know of someone who wants to move into your area.
If you're currently selling your home For Sale By Owner or just thinking about it, feel free to touch base with The Davidson Team for suggestions or marketing tips.
For Sale By Owner Education: Part 2
Negotiating Tips To Consider
Negotiating the offer is an important part of the selling process. But as a seller, you may feel awkward or uncomfortable negotiating on your own behalf. On one hand, you don't want to seem too eager and make too many concessions. On the other hand, you don't want to put buyers off. You do want to encourage open dialogue to reach agreement.
All offers need to be in writing, and you should receive a purchase and sale agreement from the buyer. This is a legal and binding agreement, so you'll want to review it carefully.
Here are some tips to make sure you have a solid offer:
* Pre-approved: Make sure the buyer has been preapproved, not just prequalified.* Strong deposit: The buyer should provide a substantial earnest money deposit. This is "good faith" money, which shows the buyer is serious.* Contingencies: Expect that the sale might be contingent on financing or an inspection.
The offer will probably contain a request for the appliances, too, especially if you have indicated that they will be included in the sale.
Please be sure to call or email The Davidson Team if we can be of further assistance or provide you with additional information.
Negotiating the offer is an important part of the selling process. But as a seller, you may feel awkward or uncomfortable negotiating on your own behalf. On one hand, you don't want to seem too eager and make too many concessions. On the other hand, you don't want to put buyers off. You do want to encourage open dialogue to reach agreement.
All offers need to be in writing, and you should receive a purchase and sale agreement from the buyer. This is a legal and binding agreement, so you'll want to review it carefully.
Here are some tips to make sure you have a solid offer:
* Pre-approved: Make sure the buyer has been preapproved, not just prequalified.* Strong deposit: The buyer should provide a substantial earnest money deposit. This is "good faith" money, which shows the buyer is serious.* Contingencies: Expect that the sale might be contingent on financing or an inspection.
The offer will probably contain a request for the appliances, too, especially if you have indicated that they will be included in the sale.
Please be sure to call or email The Davidson Team if we can be of further assistance or provide you with additional information.
For Sale By Owner Education: Part 1
Work With Pre-Approved Buyers
It can be difficult for a seller to discuss financial qualifications with a prospective buyer. Many buyers have been pre-qualified, which means they have spoken with a lender and discussed their qualifications. Based on that information, a lender will give the buyer an idea of how much of a loan they qualify for.
When you entertain offers, you'll want to make sure the buyers have been pre-approved as well. This means they have actually applied for a loan. The lender has checked their credit, verified their employment, and often has verified that the buyer has sufficient funds to close.
If the offer you accept is from a pre-approved buyer, then about the only item left to complete is the appraisal. A pre-approved buyer is a stronger buyer. Pre-approval can also cut days, even weeks off the closing process.
If you're currently selling your house For Sale By Owner, or thinking about it and have any questions about financing or working with buyers, feel free to call or email The Davidson Team.
Moving Checklist
There are so many details to handle as your prepare for a move. It can seem like a daunting task. This checklist will help you manage the process and not forget anything. The Davidson Team is always a phone call or email away if you have any questions...we're happy to help!
Checklist:
* Order a moving van and make sure you have a firm bid in writing.
* Call utility companies, including telephone and cable, to cancel current services and sign up for services in your new home.
* Obtain a referral for doctors, dentists, and specialists if you are moving out of the area.
* Collect medical records for family members and pets and carry these with you.
* Have any necessary prescriptions filled and carry them with you.
* Arrange for pets, including their travel containers, immunization records, and so on.
* Transfer checking and savings accounts. Empty safe-deposit boxes and carry the contents with you.
* Dispose of flammables and other hazardous materials.
* Moisten plants before packing.
* Back up your computer files and pack CDs in their cases.
* Drain fuel from lawnmowers and other equipment. Drain water hoses.
* Have the car serviced for the trip and check that proof of insurance is in the car.
* Pack a "first night" box with coffee, bedding, household cleaners, toothpaste and toothbrush, pet food, and other essentials that you expect to need upon arrival.
* Conduct a last-minute walk-through. Check drawers, closets, the basement, and the garage.
* Make sure everything is turned off and locked up.
We hope this helps you organize your move to ensure you have everything you need. Please don't hesitate to call or email The Davidson if you have any questions or would like additional information.
Checklist:
* Order a moving van and make sure you have a firm bid in writing.
* Call utility companies, including telephone and cable, to cancel current services and sign up for services in your new home.
* Obtain a referral for doctors, dentists, and specialists if you are moving out of the area.
* Collect medical records for family members and pets and carry these with you.
* Have any necessary prescriptions filled and carry them with you.
* Arrange for pets, including their travel containers, immunization records, and so on.
* Transfer checking and savings accounts. Empty safe-deposit boxes and carry the contents with you.
* Dispose of flammables and other hazardous materials.
* Moisten plants before packing.
* Back up your computer files and pack CDs in their cases.
* Drain fuel from lawnmowers and other equipment. Drain water hoses.
* Have the car serviced for the trip and check that proof of insurance is in the car.
* Pack a "first night" box with coffee, bedding, household cleaners, toothpaste and toothbrush, pet food, and other essentials that you expect to need upon arrival.
* Conduct a last-minute walk-through. Check drawers, closets, the basement, and the garage.
* Make sure everything is turned off and locked up.
We hope this helps you organize your move to ensure you have everything you need. Please don't hesitate to call or email The Davidson if you have any questions or would like additional information.
After The Sale
When the move is over and you have unpacked, you'll finally be able to relax and enjoy your new home. While you are unpacking, be sure to store away your transaction records in a safe place where you will be able to find them.
You'll need to securely store these records:
* Your closing statement
* Property deed
* Receipts for home improvements
* Warranty information
* Loan papers
* Insurance policies
After you move in, you'll also want to check the smoke alarms. Make sure they have fresh batteries. Check the handrails to be sure they are secure and add lighting where necessary. These safety tips can eliminate hazards and help ensure that you enjoy your new home.
Please feel free to call or email The Davidson Team if you have any questions or would like additional moving and safety tips.
You'll need to securely store these records:
* Your closing statement
* Property deed
* Receipts for home improvements
* Warranty information
* Loan papers
* Insurance policies
After you move in, you'll also want to check the smoke alarms. Make sure they have fresh batteries. Check the handrails to be sure they are secure and add lighting where necessary. These safety tips can eliminate hazards and help ensure that you enjoy your new home.
Please feel free to call or email The Davidson Team if you have any questions or would like additional moving and safety tips.
Making The Internet Work For You
The Internet is one of the most powerful marketing tools available. When you are ready to sell your home, The Davidson Team will market your home on the Internet, 24/7, to provide the best possible exposure and obtain top dollar for your home in the shortest amount of time.
Many home buyers start their search online, before they start looking at homes in person. According to the latest research on Internet home buyers from the National Association of Realtors:
* Over 92% use the Internet much like a screening process to narrow their choices.
* 100% say that using the Internet helps them understand values.
* Over 97% agree that using the Internet helps them understand the buying process.
Internet home buyers, on average, purchase higher-priced homes and have a higher level of education. Once Internet buyers make a choice, they act quickly, purchasing a home in less time than traditional buyers do.
While the Internet is certainly a marketing channel which needs to be utilized in today's real estate world, The Davidson team provides a comprehensive, multi-channel custom marketing plan. Click below to learn more!
http://www.wenatcheehouses.com/marketing_plan.php
Additionally, be sure to check out the valuable educational resources for buyers and sellers on our website at http://www.wenatcheehouses.com/buyersandsellers.php. You may also search the North Central Washington MLS at http://www.wenatcheehouses.com/MLS.php.
Please feel free to call or email The Davidson Team if you have any questions about Internet buyers or the selling process. We have extensive Internet marketing experience and would love the opportunity to educate and serve you!
Is Your Home Adequately Insured?
Homeowner's insurance is not something we think about very often until we need it. Making sure you are adequately insured before you need it will provide you with real peace of mind. But that peace of mind can come with a hefty price tag.
Here are some helpful suggestions to help you keep your rates reasonable:
* Shop around for the best buy. Get at least three quotes, and buy based not only on price, but also the service provided.
* Consider raising your deductible to lower your premium.
* Ask about purchasing your homeowner's insurance and automobile policy from the same company. You may get a discounted premium.
* Ask your insurance agent about discounts for safety features such as an automatic sprinkler system, central alarm system, dead bolts, smoke detectors, or fire extinguishers.
* Insure your house, not the land. It is your home, not your land, that is at risk from the perils covered in your policy.
Make sure you have updated the value of your home from time to time. You want to make sure the insurance will cover your home's current value in case of natural disaster. The Davidson Team is always available to provide you with a quick home evaluation.
Protecting your real estate investment is an important part of home ownership. Please contact us if we can provide you with an updated home evaluation or help you in any way.
If you know someone who is interested in buying or selling a home, please forward their name and number to us . Wewill be happy to provide them with the same excellent service you have come to know and expect from The Davidson Team.
Here are some helpful suggestions to help you keep your rates reasonable:
* Shop around for the best buy. Get at least three quotes, and buy based not only on price, but also the service provided.
* Consider raising your deductible to lower your premium.
* Ask about purchasing your homeowner's insurance and automobile policy from the same company. You may get a discounted premium.
* Ask your insurance agent about discounts for safety features such as an automatic sprinkler system, central alarm system, dead bolts, smoke detectors, or fire extinguishers.
* Insure your house, not the land. It is your home, not your land, that is at risk from the perils covered in your policy.
Make sure you have updated the value of your home from time to time. You want to make sure the insurance will cover your home's current value in case of natural disaster. The Davidson Team is always available to provide you with a quick home evaluation.
Protecting your real estate investment is an important part of home ownership. Please contact us if we can provide you with an updated home evaluation or help you in any way.
If you know someone who is interested in buying or selling a home, please forward their name and number to us . Wewill be happy to provide them with the same excellent service you have come to know and expect from The Davidson Team.
Before The Moving Van Arrives
This is the day you've been waiting for! Here are some last-minute suggestions to help before the moving van arrives:
* Consider having young children stay with a family member or friend. It can be upsetting for children to see their belongings packed away and moved. Keep out a special toy or two for extra reassurance.
* Secure your pets in a safe place. They will be stressed with the move and may come to harm running outside.
* Have extra boxes and tape for last-minute incidentals. Make sure you have plenty of help to move the boxes and heavy furniture.
* Hire someone to clean up after you move. If you have someone who regularly helps, have him or her come one more time. If not, this is the day to splurge and hire help.
* Pack a "first night" kit, with toothpaste, soap, tissue, coffee, and other essentials that you will need as soon as you arrive at your new home.
Selling your house and moving to a new home can either be an exciting experience or a hassle. The Davidson Team commitment to you is to make your move as smooth and enjoyable as possible. Please feel free to call or email us with any questions, or if we can help in any way.
Tuesday, December 18, 2007
Visually Create More Space
Buyers want the most house their money can buy. A large house with a choppy floor plan and small rooms can feel less spacious than a smaller home with an open floor plan.
Here are some things to do to visually create more space:
* Position mirrors in the right places to make a room appear larger. Make sure the mirrors reflect what you want to see more of, such as a favorite painting or a lovely window.
* Choose a light color scheme to help open up a room. White, cream, pearl gray, or soft yellow seem more inviting and open because they reflect light.
* Clear out the clutter. Keep decorative objects to a minimum. Porcelain figurines are distracting and can be easily broken. Pick up newspapers and magazines. Put away--or pack away--unnecessary items from countertops in the kitchen and baths. Clutter can make rooms seem smaller than they are.
* Minimize the amount of furniture you have in each room. Either sell it or store it away.
A clean, well-maintained, and spacious home is not only more marketable, but can often command a higher price.
Please don't hesitate to call or email The Davidson if we can help you further get your home ready for market.
Here are some things to do to visually create more space:
* Position mirrors in the right places to make a room appear larger. Make sure the mirrors reflect what you want to see more of, such as a favorite painting or a lovely window.
* Choose a light color scheme to help open up a room. White, cream, pearl gray, or soft yellow seem more inviting and open because they reflect light.
* Clear out the clutter. Keep decorative objects to a minimum. Porcelain figurines are distracting and can be easily broken. Pick up newspapers and magazines. Put away--or pack away--unnecessary items from countertops in the kitchen and baths. Clutter can make rooms seem smaller than they are.
* Minimize the amount of furniture you have in each room. Either sell it or store it away.
A clean, well-maintained, and spacious home is not only more marketable, but can often command a higher price.
Please don't hesitate to call or email The Davidson if we can help you further get your home ready for market.
Effective Pricing Leads To A Sold Sign On Your Property
According to a recent report from the National Association of Realtors, almost 80% of homebuyers surf the Web to begin their home search. That means home buyers are well aware of what properties are available on the market and the prices they are selling for. Therefore, now more than ever, pricing is the key to selling your home.
Some sellers think that a higher price will give them some negotiating room. But in fact many buyers don't even look at a property that is overpriced, much less make an offer on it.
This can lead to the property's becoming "shop-worn." Buyers often inquire about the length of time a property has been on the market. If it has been on the market a long time, they wonder if there is something wrong with it. The sellers then have to drop the price, taking less than they might have if they had priced it correctly to begin with.
Homes that are well-priced attract the buyers in their price range. The buyer's perception is that the home is a good buy, and then the seller is positioned to receive the listing price or close to it.
Please feel free to call The Davidson Team if you have any pricing or general real estate questions. We would be happy to provide you with a free market evaluation on your home to ensure it is competitively priced in the marketplace so you will receive the best offer.
Some sellers think that a higher price will give them some negotiating room. But in fact many buyers don't even look at a property that is overpriced, much less make an offer on it.
This can lead to the property's becoming "shop-worn." Buyers often inquire about the length of time a property has been on the market. If it has been on the market a long time, they wonder if there is something wrong with it. The sellers then have to drop the price, taking less than they might have if they had priced it correctly to begin with.
Homes that are well-priced attract the buyers in their price range. The buyer's perception is that the home is a good buy, and then the seller is positioned to receive the listing price or close to it.
Please feel free to call The Davidson Team if you have any pricing or general real estate questions. We would be happy to provide you with a free market evaluation on your home to ensure it is competitively priced in the marketplace so you will receive the best offer.
Maximizing Emotional Appeal
When you are ready to sell, you'll want to maximize the emotional appeal of your home. People who are enchanted with your home upon walking in the door are more likely to buy, and at a fair price.
Here are some tips to enhance the emotional appeal of your home:
* Turn on the lights to create a warm glow and remove the shadows.
* Make sure the windows are clean, and open the curtains or blinds.
* Keep the kitchen and baths clean and sparkling. Don't leave dishes in the sink.
* Remove all clutter, make the beds, and pick up toys.
* Pack away items that may detract from a buyer's ability to mentally move into your home such as family pictures or teen posters.
* Make the closets look bigger by packing up the clothes you are not using.
* Create a relaxing atmosphere with soft music.
* Make people feel at home with homey scents such as freshly baked cookies or bread or good potpourri.
* Check for pet odors and keep pets safely out of the way when your house is being shown.
* Clean out your basement and garage and neatly stack boxes you have stored there.
* Add charm and appeal with fresh flowers and plants.
Set the stage to show your home to its best advantage. Please don't hesitate to contact The Davidson Team if you have any questions, or would like some professional tips on preparing your home for sale.
Here are some tips to enhance the emotional appeal of your home:
* Turn on the lights to create a warm glow and remove the shadows.
* Make sure the windows are clean, and open the curtains or blinds.
* Keep the kitchen and baths clean and sparkling. Don't leave dishes in the sink.
* Remove all clutter, make the beds, and pick up toys.
* Pack away items that may detract from a buyer's ability to mentally move into your home such as family pictures or teen posters.
* Make the closets look bigger by packing up the clothes you are not using.
* Create a relaxing atmosphere with soft music.
* Make people feel at home with homey scents such as freshly baked cookies or bread or good potpourri.
* Check for pet odors and keep pets safely out of the way when your house is being shown.
* Clean out your basement and garage and neatly stack boxes you have stored there.
* Add charm and appeal with fresh flowers and plants.
Set the stage to show your home to its best advantage. Please don't hesitate to contact The Davidson Team if you have any questions, or would like some professional tips on preparing your home for sale.
Getting Top Dollar
Buyers want the most house their money can buy. A large house with a choppy floor plan and small rooms can feel less spacious than a smaller home with an open floor plan. A clean, well-maintained, and spacious home is not only more marketable, but can often command a higher price.
Here are some things to visually create more space:
* Position mirrors in the right places to make a room appear larger. Make sure the mirrors reflect what you want to see more of, such as a favorite painting or a lovely window.
* Choose a light color scheme to help open up a room. White, cream, pearl gray, or soft yellow seem more inviting and open because they reflect light.
* Clear out the clutter. Keep decorative objects to a minimum. Porcelain figurines are distracting and can be easily broken. Pick up newspapers and magazines. Put away--or pack away--unnecessary items from countertops in the kitchen and baths. Clutter can make rooms seem smaller than they are.
* Minimize the amount of furniture you have in each room. Either sell it or store it away.
Part of The Davidson Team's expertise is in helping homeowners get their home ready for the market. We'd be happy to stop by and share some thoughts with you on how you can stage your home to obtain top dollar.
Home Improvements That Yield A Return
In 2006, consumers spent $103 billion on home improvements. Several studies have been done about which home improvements provide the best return:
* Remodeling the kitchen and/or baths is one of the best ways to add value.
* On average, homeowners recoup 88% of the cost of remodeling the kitchen and 82% of remodeling the bath.
* Adding a room or garage is an expensive improvement that can pay off if it is carefully designed.
* Decks and patios can add value, depending on the part of the country.
* Landscaping often adds appeal, but not necessarily value.
Remember, home improvements usually take longer and can cost more money than you anticipate. Please feel free to contact us if we can help you. We would be happy to come by and discuss any improvements you are considering.
If you know of anyone who is considering home improvements and would benefit from free, helpful advice and suggestions, we would love to help. Just forward their name and phone number and we'll follow up with them promptly and provide them with the same quality service you have come to expect from The Davidson Team.
The Home Sale: Securing the Deal
Ready to close the deal? Maybe not.
Sometimes unforeseeable issues arise just prior to closing the sale. Hopefully, with negotiation, most of these have a workable solution. Unfortunately, this is not always the case. But don't panic. Another buyer might still be found who is willing to accept the house as is.
Imagine that your prospective buyers are a couple with young children. They envision your unused attic as the perfect playroom for the kids but, before closing the deal, they request an inspection to see if it's safe and also if they will be able to install a skylight to provide natural light to the new space.
This inspection reveals that under the shingles that are in good condition is a roof that will only last another year or two. The prospective buyers immediately balk, not wanting to incur the time and cost of replacing the roof. Their plans were to move in and only have to spend time and money renovating the attic. The additional cost of the new roof, they say, is just too much.
At this point, you sit down with the prospective buyers and calmly discuss the situation and how it can be solved to the benefit of all. First, you agree to get another professional opinion on what really needs to be done. Inspectors are only human, and are not infallible. Once the extent of the damage is agreed upon, you can jointly decide what to do about it. While the buyers hadn't planned on that expense, you show them that instead of a limited roof life that they would get with most existing homes, they'll have a new worry-free roof that won't cost them in repairs for the next decade or so. Since the roof wasn't in as good shape as you had thought, you agree to lower the purchase price to help offset the cost of the new roof.
By negotiating calmly and looking at all possibilities, what could have been a "deal breaker" can be turned into a win-win situation for both the buying and selling parties. In other cases, the most workable agreement for both parties might be for the deal to be called off. The seller can always find another buyer and the buyer can always find another home.
To protect yourself against last minute "buyer's remorse," make sure the purchase contract anticipates and closes as many loopholes as possible after all known defects have been fully disclosed.
Click here http://www.wenatcheehouses.com/buyersandsellers.php for additional helpful buyer and seller articles.
Sometimes unforeseeable issues arise just prior to closing the sale. Hopefully, with negotiation, most of these have a workable solution. Unfortunately, this is not always the case. But don't panic. Another buyer might still be found who is willing to accept the house as is.
Imagine that your prospective buyers are a couple with young children. They envision your unused attic as the perfect playroom for the kids but, before closing the deal, they request an inspection to see if it's safe and also if they will be able to install a skylight to provide natural light to the new space.
This inspection reveals that under the shingles that are in good condition is a roof that will only last another year or two. The prospective buyers immediately balk, not wanting to incur the time and cost of replacing the roof. Their plans were to move in and only have to spend time and money renovating the attic. The additional cost of the new roof, they say, is just too much.
At this point, you sit down with the prospective buyers and calmly discuss the situation and how it can be solved to the benefit of all. First, you agree to get another professional opinion on what really needs to be done. Inspectors are only human, and are not infallible. Once the extent of the damage is agreed upon, you can jointly decide what to do about it. While the buyers hadn't planned on that expense, you show them that instead of a limited roof life that they would get with most existing homes, they'll have a new worry-free roof that won't cost them in repairs for the next decade or so. Since the roof wasn't in as good shape as you had thought, you agree to lower the purchase price to help offset the cost of the new roof.
By negotiating calmly and looking at all possibilities, what could have been a "deal breaker" can be turned into a win-win situation for both the buying and selling parties. In other cases, the most workable agreement for both parties might be for the deal to be called off. The seller can always find another buyer and the buyer can always find another home.
To protect yourself against last minute "buyer's remorse," make sure the purchase contract anticipates and closes as many loopholes as possible after all known defects have been fully disclosed.
Click here http://www.wenatcheehouses.com/buyersandsellers.php for additional helpful buyer and seller articles.
Surviving Escrows
You've Opened Escrow, Now What?
Congratulations, you are on your way to owning your very own home! Follow these suggestions (and your realtor's advice) so that escrow and settlement with go as smooth as possible.
You will be asked for a down payment on the home you are purchasing. You can choose to put down as much or as little as you want (depending on your mortgage), but remember, the more you put down toward the total price of your home, the less time it will take you to pay off and the less your mortgage payments will be every month.
During this period of purchasing your home, you are going to need an escrow or settlement company to act as an independent third party so that you know when and who to give your money to get the deed to your new home. The escrow or settlement company will hold your deposit and coordinate much of the activity that goes on during the escrow period. This deposit check may also be held by an attorney or in the broker's trust account. Make sure that there are sufficient funds in your account to cover this check.
The deposit check will be cashed. Assuming the sale goes through, this money will be applied to the purchase price of the home. If for any reason the sale is not consummated, you may be entitled to receive all of your deposit back, less standard cancellation fees. In certain instances, the seller may be able to retain this money as liquidated damages. Prior to executing a purchase contract, it would be wise to speak with your counsel regarding whether or not it is your best interest to have a liquidated damages clause as part of the contract.
1. The period that you are "in escrow" is often 30 days, but may be longer or shorter. During this time, each item specified in the contract must be completed satisfactorily. By the time you have opened escrow, you have come to an agreement with the seller on the closing date and the contingencies. Each contract is different, but most include the following: 1. Inspection contingency: this should be completed as soon as possible after the contract to purchase is signed as unsatisfactory results of the inspection may mean that you will want to cancel the contract.
2. Financing contingency: once the contract is signed, you have a period of time to secure funding. If, for any reason, you are unable to secure funding during the period of time granted to you by the contract (and the seller will not provide a written extension of time), you must decide whether you want to remove the contingency and take your chances on getting a loan. You may choose to cancel the purchase contract.
3. A requirement that the seller must provide marketable title.
With an attorney or title officer, review the title report. The title must be "clear" to ensure that you do not have legal issues regarding your ownership.
Check into local and state ordinances regarding property transfer and make sure that you and/or the seller have complied with them.
Secure homeowner's insurance. This will probably be required before you can close the sale. Due to such requirements as special fire and earthquake insurance, obtaining this insurance may require a lengthy period of time. It would be in your best interest to apply for insurance as soon as possible after the contract is signed.
Contact local utility companies to schedule to have service turned on when you close escrow.
Schedule the final walk-through inspection. At this time, you should make sure that the property is exactly as the contract says it should be. What you thought to be a "permanently attached" chandelier that would come with the property might have been removed by the seller and replaced with a different fixture entirely.
You've made it! Once the sale has closed, you're the proud owner of a new home. Congratulations!
Click here http://www.wenatcheehouses.com/buyersandsellers.php for additional helpful buyer and seller articles.
What is a CMA and Why Do You Need One?
CMA is real estate shorthand for "Comparative Market Analysis." A CMA is a report prepared by a real estate agent providing data comparing your property to similar properties in the marketplace.
The first thing an agent will need to do to provide you with a CMA is to inspect your property. Generally, this inspection won't be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be totally cleaned up and ready for an open house. It should be in such a condition that the agent will be able to make an accurate assessment of its condition and worth. If you plan to make changes before selling, inform the agent at this time.
The next step is for the agent to obtain data on comparable properties. This data is usually available through MLS (Multiple Listing Service), but a qualified agent will also know of properties that are on the market or have sold without being part of the MLS. This will give the agent an idea how much your property is worth in the current market. Please note that the CMA is not an appraisal. An appraisal must be performed by a licensed appraiser.
The CMA process takes place before your home is listed for sale. This is a good assessment of what your house could potentially sell for.
CMAs are not only for prospective sellers. Buyers should consider requesting a CMA for properties they are seriously looking at to determine whether the asking price is a true reflection of the current market. Owners who are upgrading or remodeling can benefit from a CMA when it's used to see if the intended changes will "over-improve" their property compared to others in the neighborhood.
Click here http://www.wenatcheehouses.com/home_worth.php if you would like a free CMA and here http://www.wenatcheehouses.com/buyersandsellers.php for other helpful seller and buyer information.
The first thing an agent will need to do to provide you with a CMA is to inspect your property. Generally, this inspection won't be overly detailed (she or he is not going to crawl under the house to examine the foundation), nor does the house need to be totally cleaned up and ready for an open house. It should be in such a condition that the agent will be able to make an accurate assessment of its condition and worth. If you plan to make changes before selling, inform the agent at this time.
The next step is for the agent to obtain data on comparable properties. This data is usually available through MLS (Multiple Listing Service), but a qualified agent will also know of properties that are on the market or have sold without being part of the MLS. This will give the agent an idea how much your property is worth in the current market. Please note that the CMA is not an appraisal. An appraisal must be performed by a licensed appraiser.
The CMA process takes place before your home is listed for sale. This is a good assessment of what your house could potentially sell for.
CMAs are not only for prospective sellers. Buyers should consider requesting a CMA for properties they are seriously looking at to determine whether the asking price is a true reflection of the current market. Owners who are upgrading or remodeling can benefit from a CMA when it's used to see if the intended changes will "over-improve" their property compared to others in the neighborhood.
Click here http://www.wenatcheehouses.com/home_worth.php if you would like a free CMA and here http://www.wenatcheehouses.com/buyersandsellers.php for other helpful seller and buyer information.
Seller Resource Articles
When selling your home, there are no guarantees that a buyer will simply walk through the front door. In many cases you may have to bring your home to the buyer. Effective marketing will help ensure that your property receives maximum exposure to attract a ready, willing and able buyer.
The appearance of your home, a buyer's first impression, and other considerations can also affect the sale of your home. Have you considered that home prices in your neighborhood and the value of your property are also factors used for pricing your home?
Below are some articles that you might find useful in the home selling process. Please feel free to click on one the links to read more.
* Risks of Remodeling Without a Permit
http://www.wenatcheehouses.com/articles/selling/risks_remodling.php
* Selling Your Own Home
http://www.wenatcheehouses.com/articles/selling/selling_own.php
* Traversing the Pitfalls of Home Inspections
http://www.wenatcheehouses.com/articles/selling/pitfalls_inspection.php
Visit http://www.wenatcheehouses.com/buyersandsellers.php for more seller articles and a host of buyer articles.
The appearance of your home, a buyer's first impression, and other considerations can also affect the sale of your home. Have you considered that home prices in your neighborhood and the value of your property are also factors used for pricing your home?
Below are some articles that you might find useful in the home selling process. Please feel free to click on one the links to read more.
* Risks of Remodeling Without a Permit
http://www.wenatcheehouses.com/articles/selling/risks_remodling.php
* Selling Your Own Home
http://www.wenatcheehouses.com/articles/selling/selling_own.php
* Traversing the Pitfalls of Home Inspections
http://www.wenatcheehouses.com/articles/selling/pitfalls_inspection.php
Visit http://www.wenatcheehouses.com/buyersandsellers.php for more seller articles and a host of buyer articles.
Buyer Resource Articles
Buying your new home is a serious venture. It can be an absolute pleasure or a massive headache. Your house is not just your home, it is a serious investment in the dwelling, the area and your future.
When buying a home - you're bound to have many questions. For example, "In what area can I find a home that suits my needs?", "How much money will I need to afford the monthly payments?" and "How long will the home buying process take?"
Below are some articles that you might find useful in the home buying process. Please feel free to click on one of the links below to read more.
* Advice for First-Time Buyers
http://www.wenatcheehouses.com/articles/buying/advice_for_first.php
* How to Negotiate with Sellers
http://www.wenatcheehouses.com/articles/buying/negotiate_sellers.php
* Types of Mortgages
http://www.wenatcheehouses.com/articles/buying/types_mortgage.php
Visit http://www.wenatcheehouses.com/buyersandsellers.php for additional buyer articles and a host of seller articles.
When buying a home - you're bound to have many questions. For example, "In what area can I find a home that suits my needs?", "How much money will I need to afford the monthly payments?" and "How long will the home buying process take?"
Below are some articles that you might find useful in the home buying process. Please feel free to click on one of the links below to read more.
* Advice for First-Time Buyers
http://www.wenatcheehouses.com/articles/buying/advice_for_first.php
* How to Negotiate with Sellers
http://www.wenatcheehouses.com/articles/buying/negotiate_sellers.php
* Types of Mortgages
http://www.wenatcheehouses.com/articles/buying/types_mortgage.php
Visit http://www.wenatcheehouses.com/buyersandsellers.php for additional buyer articles and a host of seller articles.
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