David Metzdorf's Blog
If your house is on the market or you're preparing to put it up for sale, you probably feel like you have 101 things to do!
Fortunately, the list is much smaller than that and you can enlist the help of a real estate agent to handle many of the details.
To increase your chances for a fast sale, your agent will offer you suggestions on ways to enhance the eye appeal and curb appeal of your home. Although many of the things they point out may seem minor and superficial, the cumulative effect they'll have on the marketability of your home could be significant.
Minor flaws will be noticed by potential buyers and could easily give them the impression that your home hasn't been updated, properly maintained, and well taken care of. While that may not be true, remember that presentation is everything. And, if I may slip in one more old, but true cliché: "You don't get a second chance to make a good first impression!" That is as true in real estate sales as it is in making sure you're breath is fresh!
With that in mind, here's a list of some of the relatively inexpensive improvements you can make that will help you favorably impress prospective home buyers.
- There are a lot of cheap or relatively inexpensive repairs you can make, such as repairing and painting over damaged walls, oiling squeaky hinges, and replacing cracked windows and bathroom tiles. Toilets that run and faucets that leak are other examples of minor problems that can make a bad impression on potential buyers.
- Lighting, both natural and artificial, sets the mood in a room and can have an impact on how people perceive your home. It's usually advisable to let in as much natural light as possible and increase the wattage of lightbulbs in dark rooms and hallways. On the other hand, harsh lightening can also make an unfavorable impression, so it's necessary to find the perfect balance between glaring and dreary lighting. Most real estate agents are attuned to minor (or major) changes that need to be made to elements like lighting, décor, and furniture arrangement.
- Avoid the appearance of clutter, disorganization, and chaos in any part of your home! This would apply to everything from closets and cabinets to counter-tops, desks, and bedroom dressers. If your basement or attic is a "disaster area," that could reflect negatively on you and the attractiveness of your home. A good, general rule-of-thumb for controlling clutter is "less is more."
- Be prepared to do at least a little painting and a lot of cleaning to prepare your house for successful showings. A certain amount of landscaping and lawn care is also necessary, with tasks such as mowing, pruning, and weeding at the top of the list.
Ultimately, the amount of money an individual requires during the home selling journey varies. If you intend to sell a house, it often is a good idea to plan ahead for any expenses you may encounter along the way. Because if you fail to account for potential house selling costs, you may struggle to seamlessly navigate the property selling journey.
Now, let's take a look at three of the most common home selling expenses.
1. Home Cleaning
Regardless of whether you decide to clean your house on your own or hire a professional, house cleaning costs can add up quickly. If you prepare for home cleaning expenses, however, you can keep your residence neat and tidy without breaking your budget.
Oftentimes, it helps to make a list of the areas of your home that require extensive cleaning. You then can establish home cleaning priorities, make a list of the cleaning supplies you will need and clean your residence accordingly.
If you decide to hire a professional cleaning company, be sure to shop around. Professional cleaning companies are available in cities and towns nationwide, and if you conduct an in-depth search, you can find a cleaning provider that offers a great blend of convenience and affordability.
2. Home Repairs
Cracked or damaged home siding, a faulty water heater or other house problems are unlikely to do you any favors during the property selling journey. If you put aside funds to address such issues, you can upgrade your residence before you list it.
It may be beneficial to conduct a home inspection prior to adding your house to the real estate market. During an inspection, a home expert will analyze your residence and identify any underlying property issues. You next can use a home inspection report to determine which house repairs need to be completed right away.
Keep in mind that some home repairs are simple, and as such, you may be able to complete them on your own. Conversely, for complex home repairs, you should enlist professional support. Although you will need to pay to hire a home improvement professional, this individual can help you quickly and safely upgrade your residence.
3. Lawn Care
How your lawn looks to potential buyers is crucial, particularly for those who want to enjoy a fast, profitable house selling experience. If your lawn is freshly cut and weed-free, you could help your house stand out to dozens of prospective buyers.
In many instances, home sellers can mow the lawn, trim the hedges and perform other lawn care tasks on their own. This enables sellers to avoid the costs associated with hiring lawn care professionals.
If you prefer to hire lawn care professionals, be thorough. Request client referrals, and you can find out what it is like to work with a particular lawn care professional before you make your hiring decision.
Lastly, as you prepare for the home selling journey, you may want to hire a real estate agent. If you have a real estate agent at your side, you can plan ahead for all aspects of the house selling journey.
It can be a stressful endeavor to purchase a home. As one of the most significant investments in life, it is important to understand the steps and fees you may encounter beyond the sale price. When you are searching for a property, keep the expense of closing in mind.
What Are Closing Costs?
Closing costs are the various expenses and fees that are separate from the purchase price of your house. They apply to the end of the process. Charges include taxes, inspection, title insurance, and title search, as well as some upfront expenses such as homeowner’s insurance.
Closing costs generally range from two to five percent of the purchase price. The final fee is dependent on your location. Most of the expenses are for state and local government, lenders, and legal processing. You can save on some of these by working with a mortgage broker who is experienced and knowledgable about local laws.
What Should You Expect?
Appraisal: This fee goes towards making sure that the price of the home matches the actual worth of the property.
Escrow payment: When it comes to timely preparation of the documents, you can trust a good escrow company to take care of the paperwork on your behalf. Prompt preparation of your papers can make a significant difference as it can enable you to close on time.
Title/attorney fee: The title and attorney fees are put in place to ensure the transfer of the home's deed occurs without issue. To ensure that it all goes smoothly, work with a highly reputable title company.
Lender fees: The lender fees may include a wide range of items like transfer fees or administrative fees. A broker commission may be part of the cost.
Other fees could include loan interest and loan insurance. Your realtor can help you to save money during your closing and prepare you for the process, work closely with them to determine the fees that may be negotiable.
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