Millennials are finally starting to enter the real estate market after delaying home purchases for several years. With a completely new client base looking for homes, it is time to start making your home more appealing to these young buyers.
Millennials are used to using high-tech gadgets every day, so they are going to desire these things in their new home. While there are several high-tech upgrades you can make on your home, these three will appeal the most to young homebuyers.
Keyless Entry: Security for the New Millennium
Keyless entry doors are becoming a popular way of keeping a home secure while adding that great “wow” factor. These keyless entry systems mean there’ll be no more fumbling for keys when all you want to do is get in the door. It may seem like something out of a sci-fi film, but several companies have mastered the art of keyless entry doors that you can use in your home today.
The door automatically locks when it is shut, and you will need the correct fingerprint to unlock the door. If you could show off a keyless entry system at your open house, you would immediately pique the interest of every young buyer interested in technology.
A Home Security System is a Great Practical Addition
A high-tech home security system will certainly make your home more appealing to young buyers, who may even be thinking about having children in the near future. No matter how safe your neighborhood is, everyone is always looking to feel more secure at home. Placing a few security cameras around the exterior of your home will allow you to know what is happening outside at all times, and buyers will love having that peace of mind.
Home Energy Monitor: For the Eco-Conscious Generation
Young people are extremely conscious of the environment, so they would love seeing a home energy monitor when shopping for a new home. A home energy monitor is able to track the energy use of every aspect of your home.
If you think your air conditioner is not running efficiently, a home energy monitor can tell you whether or not you’re right. Since young people know about the dangers of improper energy use, they will want to make the home as efficient as possible.
Millennials are slowly entering the real estate market, and although they are starting to look at homes, you’ll face a lot of competition from other homeowners looking to pass properties onto this new generation. These three upgrades will increase your home’s value and make it more appealing to Millennial buyers. For more information about selling your home, contact a trusted real estate professional today.
A short sale is something that occurs when a homeowner is not able to make the mortgage payments on time due to a financial hardship. Instead of foreclosing on the property after one or more missed payments, the bank may agree to allow the homeowner to turn the home over to the bank, which will sell it to as close to market value as possible.
Here’s what you need to know about how short sales work and what circumstances might call for one.
Step 1: The Homeowner Provides Information To The Bank
The first step in the short sale process is for the homeowner to submit an information package to the bank. The homeowner will provide information such as the reason for the short sale, an authorization letter allowing the real estate agent to talk to the bank, and a financial statement. In addition, the seller may need to provide an HUD-1 statement as well as a list of comparable homes in the area.
Step 2: The Buyer Makes An Offer
Once the house is put on the market, a buyer can make an offer just as he or she would on any other home. The seller will then have the opportunity to accept any offer that he or she receives from a prospective buyer.
Step 3: The Bank Makes A Decision About The Offer
Once the seller accepts an offer to buy the home on short sale, the seller is responsible for sending information about the sale to the bank. Before the sale is finalized, the bank must approve the buyer’s offer. It could take as little as two weeks or as long as 120 days for the bank to approve the offer.
However, not all short sales are immediately approved. The seller’s bank bank might decline the buyer’s offer for one reason or another. A bank may decline a short sale offer if the bank negotiator thinks the house is worth more than the buyer’s offer or if the seller violates a clause in the short sale agreement – such as moving out of the property and violating a clause that states only owner-occupied properties are eligible for short sale.
Buying a home that is being sold as a short sale requires patience and an ability to move at the bank’s pace. Working closely with an experienced lender or mortgage broker may make it easier to get through the process without a lot of hassle or drama. For more information about short sales, or to complete a short sale on your property, contact a local real estate agent today.
Homeowners who want to increase the appeal of their residence before putting it up for sale can, within a few hours and with a little elbow grease, perform some do-it-yourself (DIY) kitchen upgrades that are sure to pique the interest of would-be buyers.
Many people either have or are in the process of listing their home, so it makes sense to do as much as possible to attract the interest of prospective purchasers.
It need not cost a proverbial arm and a leg to boost the selling price of a home. Here are three DIY kitchen upgrades that will help homeowners gain a competitive advantage in the real estate market and get attractive offers for their residence.
On-The-Cheap Cabinet Upgrades
For a DIY upgrade project that won’t cost much money and won’t take much time, homeowners should consider revamping their cabinetry, as long as the cabinets are structurally sound. After cleaning them and, if necessary, sanding down any rough spots, homeowners can apply a coat or two of paint and, after the paint dries, install new knobs or handles to finish off the project.
The end result will be a totally transformed kitchen that likely won’t require more than a can of paint, sandpaper, some cleaner and some knobs or handles.
Upgrade Your Countertops
It’s amazing how much of a difference an upgraded countertop can make to the overall look of a kitchen. Homeowners who believe that a new countertop would definitely transform their kitchen have a number of options at their disposal such as buying a new one, tiling over the existing one or repainting the existing one.
Often the easiest of the three options is repainting, since this simply involves sanding the surface, priming it, applying the paint and then applying numerous coats of polyurethane to safeguard the finish.
Transform Your Kitchen Backsplash
While a nice-looking kitchen backsplash can be a plus for would-be home buyers, the fact of the matter is that an ugly backsplash will definitely turn off prospective purchasers.
A cheap and relatively quick way to give a backsplash a new lease on life is to use so-called tile decals that, because of the adhesive they contain, can be pasted over top of existing backsplash tiles. There many different options in terms of styles, colors and concepts, so homeowners will be able to find the perfect option to make their backsplash look as good as new.
Preparing to list a home and get acceptable offers involves ensuring that your home will stack up nicely compared to other homes up for sale in the area. As it turns out, doing some quick and relatively simple kitchen upgrades will help to attract prospective buyers. Tips for performing any of these DIY upgrades can be found either at neighborhood big-box stores or online.
For more information on the real estate market or to get more information on any related topics, call your trusted real estate professional today for a no-obligation consultation.
When it comes to selling your home and getting the full selling price you want, there are certain tactics and methods you can employ to ensure that this wish becomes a reality.
Avoiding the commonly made mistakes that end up lowering the value of your home and discouraging people from viewing it is ultimately the key in getting top dollar, as well carrying out the showings and sale of your home in a professional manner.
Listen to the professionals, and make sure you employ these real estate sale methods to get your desired number on your home sale.
Listing Tactic: Adding A Buffer
Always dependent on the type of market you find yourself in, a common and successful tactic in getting the price you really want for your home is adding a buffer on the list price.
This means that if you want $500,000 for your home, you should list your home somewhere around $510,000 to $520,000 to allow for some negotiating room. Even if you’d prefer not to negotiate, the majority of buyers will always assume that you have room to come down on the price, and will put in their offers accordingly.
Overpricing: Avoid At All Costs
With that being said, you don’t want to overprice your home too much so as to discourage potential buyers from looking at it, or to put your home outside of a financial bracket. Make sure you speak to your trusted real estate advisor on exactly what the right list price should be to obtain your desired value.
Increase Desire: Have Your Home Staged
In order to get the price you want for your home, you need to make a good impression on the prospective buyers. Having your home professionally staged can dramatically increase the amount of interest you receive on your home, perhaps even creating multiple offers – which is the best situation a home seller can be in!
Appeal To Online Shoppers With Professional Photos
With so much of today’s modern real estate shopping happening online, you want to ensure that your home has a strong online presence with professional photos and a digital floor plan available to prospective buyers. Also make sure that all information online is full and complete, and presents your home in the best light possible.
Always Say Yes To Open Houses And Showings
Especially in a hot market, you want to ensure that you leave your home empty for your realtor on weekends so that they can hold it open to the public. This is especially important early on in your list date so that the buyers on the market who are ready to make a move can see your house right away.
You should also apply the same importance to showings, and ensure that each showing request is promptly responded to with an easy “yes.”
If you put these tactics into your home selling plan, you will find that it will be much easier to obtain more interest from buyers. And with more interest, it will be much more likely that you will be able to obtain the price you want for your home.
So don’t underestimate the importance of these factors, and discuss them today with your trusted real estate professional.
Spring has arrived! The flowers are blossoming, the greyness of the sky is clearing, and the air is warming. The best season to sell your home is here, and with the added natural light and blossoming colors, you can easily take advantage of the benefits of spring when it comes to selling your home.
Make sure to show it for all it’s worth, and follow these simple tips for staging your home in spring that will make your home the one listing that buyers can’t resist.
Fresh Flowers: Put Mother Nature To Work
Nothing says spring like fresh-cut flowers. Bring the beauty of nature inside your home and brighten up your space with fresh flowers. You can get colorful tulips, lilies, and other flowers for use in your kitchen table centerpiece, as well as smaller arrangements for around the house.
There’s no reason why a bouquet can’t brighten up your master bedroom or entryway, either. Orchids also make for lovely decorative pieces, and are best for bathrooms or anywhere that’s suitable to a smaller flower.
Add that extra intrigue to your entryway with colorful flowers in hanging baskets, and tidy up your front garden with some new colors, all while making the prospective buyers much more enthusiastic about entering your home.
Get That Spring Feel With A Light And Airy Home
To make the most of the spring season, make sure you use the added light and the warmth of the air. Open up the windows and lift all the blinds in your home, and consider scheduling showing times during the time of day when the sun shines brightest.
Decorative Colors: Brighten Up Your Home
You can also further take advantage with the colors of spring by adding pops of color to your living room, dining room, and kitchen. Consider hanging colorful drapes or adding a decorative throw and couch pillows.
Some new and inexpensive artwork for the walls can also be an inventive way to bring color into your home, while creating a warm and inviting space that the buyer will love.
It’s Time For Spring Cleaning
Just because you’re selling your house this year, doesn’t mean you get to excuse yourself from spring cleaning. Actually, partaking in this annual event can be a great way to sell your home faster. A clean home tells buyers that you have taken great care of the property and helps them to envision themselves living in the space.
Get out the pressure washer and rid your front steps and driveway of the remnants of winter, clean out the gutters, and give the floors and bathrooms a scrub. Consider an early packing job, and box up your winter clothes to help create the appearance of well-organized and spacious closet space throughout the home.
Spring is a great season in which to sell your home. You can easily take advantage of the warmer weather and bright colors to make your house more attractive to potential buyers, which will help you sell faster and get a higher price.
With an airy, clean and flower-filled home that bursts with color, you’ll be able to persuade buyers that your home is the perfect place for them – and you’ll be glad you put in the extra effort. For more great advice about selling your home in the spring, or to list your home for sale, call your trusted real estate professional today.