Sumathi Narayanan Realty's Blog
When you’re getting ready to sell your home, there’s probably a lot of things going through your mind. You’ll want to get the most return on your investment. You hope to sell in a timely manner. You are probably also busy making plans for where you’re moving next. Below, you’ll find some things to think about before you even put a “For Sale” sign out front:
Research Agents’ Marketing Strategies
Most homebuyers start their home search online. If people don’t like what they see on a screen, they certainly aren’t going to waste their time going to the property in person. This means that your home is going to need pictures to help it sell. Some agents even create short videos of properties and neighborhoods to help buyers get a better feel for the area. You can work with your agent to make sure that these things are done. Be a proactive seller! You might even be able to make a video of your home on your own.
Post Your Listing On Social Media
Pretty much everyone is on social media and checks the sites frequently. Even if none of your first degree connections are searching for a home, someone may have a prospect for you who would be the perfect candidate to purchase your home. Sharing is definitely caring in this case!
Your neighbors are probably some of your social media connections as well. It’s nice for the people who live in the neighborhood to know that you’re moving so that they can “choose” a new neighbor in the event that they know someone who is looking to buy a home.
Part With Some Of Your Stuff
Buyers will be more attracted to your home if they get some benefits with it. Consider leaving some of your things behind when you’re selling a house. Any item including your washer and dryer to your plasma TV to your kitchen table can make a difference in how well your home sells.
Focus On Staging
You should stage both the interior and the exterior of your home to give a great first impression for home showings. The exterior of your home should present immaculate landscaping. If any paint touch-ups can be made quickly, you should do that as well. Show potential buyers the way that your home presents the maximum amount of enjoyment. If you’re able keep the furniture displayed inside of the home, show potential buyers your best set up. People will get a better idea of things like where the couch will go, and how their own kitchen table will fit in the dining area when the home is well staged.
Price The Home Reasonably
It’s important that you and your agent work together to know the market. Your home should be priced competitively along with others in the neighborhood. You don’t want to give the home away, but one of the worst things that you can do when selling your home is to out-price yourself. Research is key when it comes to pricing your home appropriately.
Planning to sell your house in the next few weeks or months? If so, you likely will want to declutter to improve your house's appearance and make it easy for potential homebuyers to envision what life might be like if they purchase your residence.
Ultimately, donating items may prove to be exceedingly valuable, particularly for those who want to declutter and move in the near future.
By donating items that you no longer need, you can quickly and easily remove clutter from your residence. Plus, you may be able to secure a tax credit for your charitable contributions.
Before you donate your items, however, you should take a close look at your personal belongings and decide which things to keep and which to give to charity.
Now, let's take a look at three items that you can donate to charity:
If you intend to move from Florida to Alaska – or vice-versa – there may be a wide range of clothing that you can donate before you move.
Ensure that any clothing that you plan to donate is clean. If necessary, wash any dresses, t-shirts and other apparel that you intend to donate.
Also, it is always better to err on the side of caution when you donate clothing. And if you have clothes that are faded or torn, you should dispose of these items.
For those who plan to downsize, donating electronics is ideal. That way, you can get rid of electronics that won't fit into your new home and do a good deed at the same time.
Evaluate your electronics and make sure they work correctly before you donate them. In addition, it often pays to tape any electronics cords, wires and accessories to the items themselves.
Check out a charity's electronics donations policies prior to scheduling a donation pick-up too. By doing so, you can guarantee that a charity can pick up and use your excess electronics.
In many instances, an individual may move into a new address that comes equipped with a new refrigerator, washer, dryer and other appliances. If this happens, you may want to contact local charities to see if they can pick up your current appliances.
Reach out to a local charity to find out whether it can pick up your current appliances – you'll be glad you did. If the answer is "Yes," you may be able to avoid having to move big, heavy appliances on your own.
As the aforementioned list shows, there are lots of great items that you can donate to charity. Conduct an in-depth search of charities in your city or town, and you can work with a local charity that can use your excess items.
Lastly, if you ever have questions about which charities in your area will accept donations, don't hesitate to reach out to these organizations directly. And if you're looking for extra assistance as you declutter your residence and prepare to list your home, it certainly helps to contact an expert real estate agent as well.
Closing costs are usually an unavoidable part of buying a home. While there are ways to reduce some closing costs and fees, they are an expense you will likely have to consider when it comes time to save for a home.
On average, buyers can expect to pay between 2 and 5 percent of the purchase price in closing costs and fees.
In this article, we’re going to break down those costs and talk about some ways to plan for, or limit, the fees associated with closing on a home.
A breakdown of closing costs
Most closing costs in a real estate transaction are paid for by the buyer. When getting approved for a mortgage, your lender is required to provide you with an estimate of the closing costs. This is called a “Closing Disclosure statement” which overviews the details of your loan.
Different lenders will charge varying amounts in fees. Some are even willing to waive certain fees. But, we’ll discuss that later.
For now, let’s focus on the closing costs buyers typically have to pay:
Attorney fees - a flat-fee or hourly rate depending on the attorney
Origination fees - an upfront fee charged by the lender for processing your mortgage application
Prepaid interest or discount points - a payment for the interest that will accrue on your mortgage from the time you close until your first mortgage payment is due
Home inspection fee - the fee that a professional home inspector charges to inspect a home
Escrow deposits - Usually split with the seller, this is the fee charged by an escrow agent
Recording fees - fees for legally recording the new deed and mortgage
Underwriting fees - fees paid to the lender for researching your mortgage case and determining whether or not to approve your application
These are just some of the many fees that can be due upon closing on a home. Depending on where you live, which lender you choose, and the type of mortgage you secure, your closing costs will vary, so it’s a good idea to shop around for a lender and mortgage type with reasonable closing costs.
Reducing closing costs
Some lenders offer no-cost, or low-cost mortgages. However, these savings often come with a higher interest rate which, over the lifespan of your loan, can cost you more in the long run.
You should also be aware of the different loan types that you may be eligible for. FHA loans, USDA loans, and VA loans are all designed for buyers hoping to make lower down payments on their home.
Each loan type provides different amounts due at closing. Fortunately, your mortgage lender will be able to give you an estimate of costs for each loan type.
Want to get an estimate of the closing costs you’ll have to pay when you buy a home? You can use this online calculator to see an average.
The bathroom can quickly become one of the most neglected rooms of the house. Sure, we need to clean it often. We certainly use it often enough! We probably never think to update the bathroom in small ways. There’s many quick things that we can do in the room that allow us to refresh the room without a total overhaul.
Add A New Mirror
Adding a new mirror not only will brighten the room, it could make a small bathroom appear larger. A new medicine chest with a mirror attached is also a great option that helps you to stay organized and keep medicines and other essentials hidden from plain sight. Adding lighting to a mirror is another bonus that will add some function and a new element to your room. Place a mirror strategically for a room that looks larger.
Add Some Fresh Paint
A fresh coat of paint in a room can work wonders. You can update the color of the space and completely transform it by adding new matching shower curtains and accessories.
Make Sure Your Cabinets Are Functional
It’s not practical to have storage in your bathroom that you can’t use. If you have things stored in the bathroom, be sure that you can actually get to all of the items. If you need to install pull-out shelves or baskets for easier access, do so. If your bathroom looks nice, but isn’t very easy for you to use or find anything, it’s not working for you.
Update The Tile
While this sounds like quite a project, installing tile isn’t too hard of a DIY. You can buy types of tile that basically are a no-brainer to install. With the right measurements, there won’t be a ton of cutting tile and filling in the cracks. The most difficult part of this project could actually be removing the old tile.
Change The Light Fixture
Just this one simple change can actually make your bathroom look like a whole different room. Choose a light fixture that will have a dramatic effect on the room and match the desired style.
Replace The Countertop
Bathroom countertops don’t get quite as much attention as kitchen countertops do. The truth is that changing the area of the bathroom countertop, along with anything else you choose to do, can really have an impact on the room. You don’t need to find an expensive material. Just pick something that will go with the room and that you love.
Any cabinets that you may have in your bathroom could be refinished to breathe life into the room. It’s fairly simple to refinish cabinets that aren’t in tough shape. All you’ll need is some sandpaper and fresh stain for the wood. If the style permits, you could even repaint your cabinets for a new appearance.