Home Selling Tips to Make Your House More Attractive to Buyers

Remember, first impressions count when selling real estate, which is why it is important to make your home stand out. There are several simple and basic things you can to do to sell your home.

Increase Curb Appeal

Landscaping can make a powerful impact to curb appeal. With spring on the way, there are several easy things you can do to make your home appealing from the outside.

1) Mow your yard with diagonal rows to make your yard appear larger.

2) Edge the lawn along driveways and sidewalks. This will show the buyer that you care and pay attention to detail.

3) Transplant tulips or other spring flowers near the walkway or anywhere in the front. Use bright colors, especially yellow because it stimulates happiness. Consider container plants also in groups of three to five and place near the entrance.

Home Staging

Stage your house as a home potential buyers can imagine themselves in. Remove extra furniture that clutters the space and arrange with maximum impact. This is a technique that model homes have been using successfully for many years.

When potential home buyers visit your home, remove all clutter and store out of sight (e.g. children toys from the family room, bills/mail/papers from the den, or make-up/products/appliances from the bathrooms).

Add a Fresh Coat of Paint

Another thing you can do is to paint your walls white (or a neutral color) if they are not already. A fresh coat of paint will make everything look cleaner and white walls let the potential home buyer imagine their own personal style in the home instead of yours. White walls also make every room feel bigger. Avoid dark colors which can discourage a buyer if they do not like the color and makes the room look smaller.

Pay Attention to Details

Remember to do the little things to make your house stand out. Details matter. Here are a few examples:

1) Wash the windows inside and out. Clean all the mirrors.

2) Set out fresh flowers with a clean and inviting smell.

3) Polish hard wood floors to shine and vacuum right before any showing.

4) Offer a shoe mat at the entrance and even an umbrella stand. This will encourage prospective buyers and agents to remove their shoes and help keep your floors looking great.

5) Fluff pillows and put out fresh towels in bright colors. Even consider replacing these items because they are inexpensive and can add interest to a room.

Flip Checklist Budget – What You Need to Include on Your Budget for House Flipping

Many people are enticed into house flipping by television images of people ripping materials out of a dilapidated house, refurbishing it, and selling it for a substantial profit. The profit realized from each flip can be modest or substantial – or the investor could lose everything depending on decisions made before or during the process.

My house flipping budget checklist

Before you go shopping for the perfect rehab-to-flip property, you need to create a budget for the entire project, not just the purchase and rehab expenses.

The first item on your check list does not have direct monetary value and cannot be added into the expenses column. However, it is an important “ingredient” to your budget: an excellent credit score. Unless you are funding a flip entirely with cash or through private means, an excellent credit score works in your favor with the banks – especially when the loan is for a high-risk project like a house flip.

Now, let’s look at the specifics of your budget:

• The After Repair Value (ARV): determining the ARV of your potential flip is the starting point on which you can base your expected return on investment (ROI) when the house is put on the market. A trusted realtor can help you estimate the ARV of the property.

• Rehab costs: these will vary widely depending on how much rehab work needs to be done. A budget repair form can be handy for tracking all the repairs needed.

• Financing/carrying costs: these include not only the loan but also the costs of carrying the house until it is sold:

o Financing loan(s)

o Property taxes

o Utilities (gas, water, electric)

o Property insurance

o HOA/Condo fees

An important point to note here is that the longer the rehab work takes and/or the longer the post-rehab house stays on the market, the greater your carrying costs and the lesser profit you may realize.

• Realtor’s fees: you can sell your flipped house yourself (FSOB – For Sale by Owner) but if you are looking for the fastest turnaround on your investment – and profit – relying on a good real estate agent is worth the commission fee (and actually helps you save money on your flip project in the long run).

• Forgotten costs: these are additional expenses of house flipping that are often overlooked, including:

o Inspection fees

o Interest on loans

o Contingencies

o Closing costs

One experienced house flipper’s average budget was broken into these cost percentages:

• 53.25% = Purchase Price

• 20% = Labor

• 6.5% = Materials

• 8% = Carrying costs, utilities, commissions, etc.

• 12.25% = Profit

Realistic budgeting = reduced risk

There is nothing that can completely eliminate the risks inherent in house flipping but creating a realistic budget is one of the key ways to mitigate some of that risk. Another way to “manage” some of the risk is to become as thoroughly knowledgeable about house flipping before you make your first investment. And a final way to manage risk is to follow the old adage and never invest more than you can afford to lose.

Best wishes for your house flipping success!

Why You Should Not Stage Your Own House – Would You Perform a Surgery on Yourself?

Preparing your property for the real estate market is not as obvious as you might think.

It requires objectivity and the ability to see things through the eyes of a potential buyer. Professional set of eyes and hands are critical to your success.

As most of us have an emotional attachment to our home, it might be very difficult to see our home as others will see it and become a property doctor. I even dare to compare it to trying to perform surgery on oneself – it will be painful, risky and the result is not guaranteed!

During the pre-op phase, you need to do walk through of each room and criticize the home from a buyer’s perspective. Is it cluttered? Does it need a fresh coat of paint (neutral colors, like beige, cream or light pastels) or some small repairs (visible cracks and holes in the walls)? How is the lighting? A thorough diagnostic has to be completed in this phase.

At the scrubs phase, the house has to be thoroughly cleaned; scrub tile in the kitchen and bathrooms, replace old caulking around sinks and bathtubs, clean hardwood floors, steam clean carpets and drapes. Some rooms will probably need to be repainted as well.

During the surgery phase, you need to remove excess and oversized furniture, rearrange the remaining furniture to maximize space, remove all toys, papers, pet items and other accumulated belongings scattered around the house, minimize the number of small appliances on counters, remove family photos, any personal collections and medications, remove items from the garage (other than wall mounted or neatly stored items) and store them off site.

Once this is done, it is time to bandage the incision by adding accent cushions, throws, fresh towels, art, vases and other decorative items that create ambiance. The patient has to look healthy, young and beautiful! The buyers need to fall in love with YOUR house.

During the recovery phase, keep things simple… don’t bring in any new items. Open windows to let in fresh air, let in natural light whenever possible; refrain from smoking in the home. Contain pet odours as much as possible.

At this point, the property has been given a clean bill of health and it is time to show it off!

And don’t forget to maintain the home’s health by keeping it clean and de cluttered at all times.

If you don’t think you can ‘operate‘ on yourself, you should consider professional help and call in a home staging company. You will get the best SURGEON there is!

Operation Security: Safeguarding Your Home During An Open House

While an open house is a great way to actually meet the perfect buyer for your property, it is also a great opportunity for people with bad motives to do their rude moves. More than allowing your house to actually accommodate good buyers, you might also be accommodating bad people. So how are you are exactly going to do the open house while securing your home? Here are some tips.

Keep away important documents containing pertinent information such as Social Security numbers and bank accounts. These digits of numbers can actually be the key towards committing crimes using your identity.

Remove jewelries, antiques, and other items of high values. These are eye candies and can easily attract robbers and thieves. Electronic gadgets like tablets, laptops, and smartphones should also be secured. Your personal and some confidential information can be leaked once these gadgets are taken away from your possession.

Photos of family members are advised to be hidden. You don’t know how criminal minds think. Your family members, even with just their photos can be easy targets of crimes, especially children.

Never leave keys of your house, car, or rooms – even if they are just duplicates. These things are small and can be easily grabbed. When possessed by bad persons, these keys can be used to enter your property.

Never hide anything of value in your rooms and other likely places. Rooms within your house especially those that are locked up during the open house can imply that there are valuable things in there. Though they are locked up, it is still advised never to leave things of high value in those rooms. Some curious and naughty persons might be unnoticed sneaking in those rooms to peep on those things and plan something bad afterwards.

Have a logbook of guests joining the open house. This is a helpful record to see who came to visit the house. Make sure that the arrival and departure times are recorded too.

Take photos or videos of the rooms and other parts of the house before the open house in its staged state. After the open house, review the photos or videos to see if there are some alterations on how things are placed and ordered.

Remember that an open house should be an opportunity to meet buyers, or even meet new connections and friends. It should not be an opportunity or an invitation to persons with bad intentions. However, we won’t know bad people until they have done wrong. So better stay safe and secured than be sorry later on!

House Staging: Benefits, Marketing, and Imagination

Quality, professionally trained, real estate agents, often, suggest, staging a house, might be beneficial, to achieving the objective, of effectively, selling one’s home, in the shortest possible period of time, at the best possible price, with the least hassle/ stress. Staging a house, is designed, to either, make a house, look better, more usable, help potential buyers perceive the potential, etc. With that in mind, this article will attempt to briefly examine and consider, some of the benefits/ possibilities, marketing/ sales, and imagination.

1. Benefits/ possibilities: As the lyrics of the song, go, Accentuate the positive, eliminate the negatives, staging is often done, to achieve, the objective, of being able to show off a home, in its finest light! Sometimes, this means, simply, de – cluttering, or adding accent lighting, etc, while, at other times, a larger effort might be indicated. Sometimes, one hires a home – stager, to bring in, furniture which will make rooms appear, warmer and friendlier. larger or more, user – friendly! The height of chandeliers, often makes the room’s dimensions, appear, considerably different. When potential buyers are viewing a house, many lack the ability and/ or perception, to visualize, what the possibilities of a home, might be, and, thus, staging helps these people, see things as they might be., Selling a home, professionally, and proactively, often, means, ensuring, every viewing, is, appealing to the potential buyer!

2. Marketing: Many potential buyers, make their decision, whether to look at a particular house, is based on how a house, looks, in the pictures, posted on the Internet. Therefore, professionally staged houses, often, have a marketing advantage, because they attract, more qualified, potential buyers, to consider, proceeding forward, and taking a look. Selling a property, often is enhanced, when there are more people, viewing it!

3. Imagination: Because many potential buyers, lack the necessary, relevant imagination, to see, beyond – the – surface, and, focus, on lesser items, such as the color of the paint, and whether, they like the furniture and furnishings, professional home – staging, is, often, indicated! The reality is, when a home, is staged, to appear, to the best of its potential, more potential buyers, seriously consider it, as the home, of their dreams, and needs!

It’s important to realize, home – staging, is often, effective, but, there are other times, it’s far less than indicated or needed. necessary! Homeowners should discuss, whether their home, would benefit from some degree of staging.