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Home Staging Don’ts

August 20, 2013 |  Article By :   | 

over stuffed closetIt helps your home sell if you have it staged nicely, but there are a few things that really turn off buyers. While they may seem minor to you, in a buyer’s mind they start planting seeds of doubt as to the overall state of your home. Stage your home properly to keep the buyers interested.

  • Turn off the perfume store smells! Use air purifiers to remove smells from your home. Buyers assume you have something to hide if you have strong scents of fruits and/or perfume. There are also many buyers with perfume allergies which makes all those scents a real turn off!
  • When you de clutter and stage your home, don’t stuff everything into closets and storage areas. Rent a storage pod and put things you don’t need in there and have it taken to storage. Buyers DO look in closets and they want to see spacious closets, not packed full ones.
  • Have all your lights in working order and all the bulbs too. It does not look good when only one of three bulbs in a lamp works. It may seem minor, but buyers will take note.
  • Put pets in kennels or take them with you for showings. Not everyone is an animal lover. Even animal lovers don’t want to see your kitty walking all over the kitchen counters or be jumped on by your dog.
  • Put your personal papers away. Don’t leave repair bills, financial statements, and the like lying around for the buyers to see. Buyers do see more than you may think, so put your papers away.
  • The garage is part of your home. Make sure your garage is fairly clean, neat and tidy and not stacked to the gills with your stuff that would not fit anywhere else.
  • Keep your yard looking great. Mow the lawn, trim the bushes, pull the weeds. The first impression a buyer has is the exterior of your home.
  • Make sure your gutters are clean, the exterior paint is in order, walkways are clear, and your home looks inviting.

Who’s Back In The Market

August 14, 2013 |  Article By :   | 

9518793_sDid you know that one in ten home buyers this year have been through a short sale or foreclosure? This number is more than double the number of the same type of buyers in 2012.  If people keep their credit in tip top shape, pay bills on time, have a good employment record, and save money for a down payment it is possible to get certain types of mortgages just two to three years after a foreclosure or short sale. The length of time can also depend on the circumstances of the foreclosure or short sale, such as an illness, layoff or death. Divorce is not one of those circumstances that helps. With around 150,000 homes in Minnesota being sold as foreclosures or short sales from 2005 to 2012, that makes for a lot of former homeowners that could get back into the housing market as buyers! If you have been through a short sale or foreclosure and would like to buy a home, contact your mortgage banker to see what your options are.

What Home Buyers Want

August 9, 2013 |  Article By :   | 

Are you wondering what home buyers are looking for in a house these days? Whether it is a buyer or seller’s market, there are certain things that are on the top of the buyer’s list in a new home. Does your home measure up?


Fun Facts About Home Sales

August 7, 2013 |  Article By :   | 

factsThe best month to buy a home is January. Why? There are less buyers out looking because of the weather. Sellers are more likely to sell because buyers are scarce and they often receive all their holiday bills in January, and they obviously need to sell or they wouldn’t normally list their home in January.

The best time to sell a home is in the spring. Why? The weather improves, the buyers come out of the woodwork! 60% of all moves occur in the summer which means the buyers wrote their purchase agreement in the spring.

The best day to list your home is a Thursday. Why? Because it gives buyers time to see it come online and then schedule showings over the weekend.

The first Tuesday of the month is the best day to make an offer on a home. Why? The seller has just paid the mortgage on the home and if he really wants to move he is not happy about paying for a home he no longer wants, and if no one has made an offer from the weekend showings by Tuesday, a bit of panic will set in.

Pricing your home – don’t end it in a zero. Why? Studies show that people perceive an exact price, such as $179,327, as lower than rounded ones, such as $170,000, even when the rounded prices are actually lower. Real-life sales show that one zero at the end of an asking price lowers the final sale price by .72% and two zeros lower it by .73%. That may not sound like much, but it can add up to thousands of dollars.