When you make or receive an offer to buy a property, it’s important that you read and understand every clause. It is especially important to understand any conditions or any changes that are made to the standard offer.
An offer may contain several types of conditions. The most common are “conditional upon arranging financing” and “conditional upon passing a professional home inspection.” However, there may be other conditions as well. You should be aware of – and fully understand – all of them. In addition, the wording of an offer may change during the back and forth negotiations that often happen. Aside from changes to the price, other clauses may be added, removed or reworded as well.
Take the time to carefully review and understand an offer. As your real estate agent, I will always explain the changes and ask you to initial them. This is done primarily to ensure you know and approve of what you’re signing.
Eco-friendly Choices for Household Floors
Choosing new or replacement eco-friendly flooring is one of the emerging trends among house and condo owners. Eco-friendly flooring is generally identified as being made from and with more sustainable resources; materials that don’t deplete or permanently damage the environment (such as toxic laminates); or, material that is easy to reuse or recycle after its intended purpose. Here are some examples:
Renewable/Sustainable: Bamboo and cork are popular natural resources that renew relatively quickly. It should be noted that traditional woods are also renewable, as long as they are managed through sustainable practices. Before you buy natural flooring products, ask if the harvesting methods are verified through an accredited authority.
Repurposed/Reclaimed: Flooring made from old building structures (e.g. posts, beams, walls and planks) is a viable alternative option to grown and harvested resources. Likewise, recycled glass, plastic and rubber provide ample raw materials for creative flooring effects. Using them also reduces landfill. These products can be found through decorative flooring dealers.
Reusable/Recyclable: When purchasing any product, whether natural, synthetic and/or manufactured, it is important to know that the product can be easily recycled when it is beyond its usefulness, without causing environmental detriment in a landfill.
Quick Kitchen Makeovers
Kitchen renovations tend to be the biggest, most complicated home makeover projects, mainly because the kitchen is the most frequented and most multifunctional room in modern homes. But sometimes a kitchen makeover can be achieved with some simple cosmetic changes, rather than a complete redesign of the actual floor plan.Beyond a basic color scheme change, the next makeover level involves replacing cabinet hardware. Remove a set of hinges, knobs and/or pulls to identify the type of screw/bolt settings that will be needed. Then, choose from the many options available at home building centers or specialty knob stores. Similarly, consider a new faucet and sink, upgraded countertop or a fresh tile backsplash. Each will contribute to a dramatic change. You may want to consider replacing or refinishing the drawer and cupboard facings as well, although that would likely require professional help.
Improved lighting is another important way to change a kitchen’s look and functionality. However, general overhead lighting, strategic task lighting and ambient mood lighting could involve rewiring. Finally, replacing the flooring will result in a significant change to any kitchen. Choices range from recycled cork to indestructible granite. Remember to consider not only appearance but also practicality.
3 Reasons Why a House isn’t Selling
Have you ever driven by a For Sale sign and wondered, “That house has been on the market for a long time, I wonder why it isn’t selling”? Often a home doesn’t sell for one of three reasons:
1. The price is too high. Sometimes a homeowner will set the listing price exceptionally high in the hopes of getting lucky. What happens instead, however, is potential buyers stay away. In today’s real estate market, a house usually sells at a price that is close to its market value. Fortunately, the current market value of your house – and, hence, its approximate selling price – may be higher than you realize. It’s worth getting a free market assessment.
2. The house doesn’t show well. Sometimes a house is strategically priced for the market but doesn’t show well. It’s difficult for buyers to look past issues, such as clutter, and see the potential. In those cases, prospective buyers who view the property, don’t like what they see, and move on. If you put your house on the market, make sure it looks its best for prospective buyers.
3. The listing is poorly promoted. Clearly, buyers won’t become interested in a property if they don’t know about it. The listing must be promoted effectively, and that involves more than a For Sale sign.
Want more tips on selling your house? Call me today.
5 Unexpected Things Home Buyers Want to See
If you’re planning on putting your home on the market, you probably know the basics of what buyers want to see. Clean and uncluttered rooms. Comfortable living room. Functional and spacious kitchen. Bright, modern bathrooms. However, there are some things that today’s buyers are looking for that you might not have considered.
If you’re planning on putting your home on the market, you probably know the basics of what buyers want to see. Clean and uncluttered rooms. Comfortable living room. Functional and spacious kitchen. Bright, modern bathrooms. However, there are some things that today’s buyers are looking for that you might not have considered.
Here’s the rundown:
Smart storage space. Today’s buyers love to see organized closets, attractive shelving, storage nooks, built-in bookshelves, linen closets, and other storage options that are as functional as they are attractive.
– Energy-efficient fixtures. Buyers are impressed by lighting that is good-looking but is also the latest in energy-efficiency. At the very least, energy-efficient bulbs and table lamps are a good idea. Solar-powered soft lighting in the garden, or on the deck or patio, will impress many.
– Modern appliances. Buyers will notice kitchen and laundry room appliances that are modern and energy-efficient. In fact, according to a survey, 36% of buyers consider Energy Star rated appliances to be “essential”.
– Work spaces. Home offices are in demand. Buyers will notice if there is a work area that is functional and attractive, even in the corner of the living room.
– Outdoor living space. If you have a deck or patio, buyers love to see it well furnished and inviting – even if the outdoor furnishings don’t come with the home! Buyers will at least see the potential.
Of course, your home doesn’t need to have all these features. Having some will help your home sell faster and for a better price. Want more tips? Call today.
Stay or Go?
Deciding whether to stay in your current home or look for a new one is tough. If you’re struggling to make that decision, here are some tips that can help:
• Find out the current market value of your home. This will give you a clear idea of how much your property is likely to sell for in today’s market.
• Find out how much you can afford to invest in a new home. This is calculated, in part, by how much of a mortgage you qualify to receive.
• Determine whether your current home still suits your needs. Do you need to move up to a larger place? Downsize to a smaller property?
• Figure out whether this is the right time to move to a neighborhood that you’ve always dreamed of living in.
• Assess whether your neighborhood has changed in a way that you don’t like.
• Decide whether you are still happy where you live. Is it time for a change?
I can help you answer these questions and provide the information you need to make the right decision. Follow me on Facebook and check my website for current market analysis and see what’s happening in your neighborhood. As always, you can contact me any time, I’m here to help.
Did you know there are a lot of simple ways to make your home even MORE attractive to potential buyers than it already is? You don’t necessarily need to invest in a major renovation or redecorating project. Often just a few simple changes in and around your home can dramatically increase its visual appeal to buyers. In fact, I’ve seen homes sell much more quickly and for a higher price simply because they “show” a little better. I’d be happy to share these tips and ideas with you. Please call or email me anytime.
Vendors and Resources
I’m often asked for recommendations for vendors. You may not realize this, but I maintain a network of reputable professionals and other companies in the local “home industry”. So if you need a recommendation, feel free to give me a call. Chances are, I can send you a couple of names.