Pamela Bailey
RE/MAX On the Move | Insight | Advantage | 603-770-0369 | [email protected]


Posted by Pamela Bailey on 3/25/2020

A successful home selling journey allows a property seller to quickly and effortlessly generate interest in his or her residence and finalize a house sale. For those who want to enjoy a successful home selling journey, it is vital to prepare as much as possible.

Completing a successful home selling journey may prove to be difficult. If you fail to plan ahead, you may encounter problems that slow down or stop the home selling cycle. Fortunately, there are lots of things that you can do to put yourself in the best position to succeed when you sell your home.

Now, let's take a look at three tips to help you achieve your desired results when you sell your house.

1. Upgrade Your Home's Curb Appeal

Your home may only get a single chance to make a positive first impression on a buyer. However, if you devote time and energy to upgrade your house's curb appeal, you can boost the likelihood that your residence will hit the mark with prospective buyers.

Mow the lawn, trim the hedges and perform other lawn improvement tasks to differentiate your house from the competition. Also, you should repair or replace any damaged home siding.

2. Establish an Aggressive Initial Asking Price for Your Home

How you price your home may dictate your house selling journey. If you establish an aggressive initial asking price for your residence, you may find that buyers are drawn to your house as soon as it becomes available.

Oftentimes, it helps to conduct an appraisal prior to listing a house. A home appraisal enables you to receive a property valuation that may help you determine how to price your house.

You may want to perform a home inspection as well. With an inspection report in hand, you can prioritize home repairs and upgrades and ensure your house stands out to buyers.

3. Work with a Real Estate Agent

If you want expert support as you navigate the home selling journey, you should hire a real estate agent. In fact, a real estate agent goes above and beyond the call of duty to guarantee house sellers can achieve their desired results.

A real estate agent will help you add your home to the local real estate market, share information about your house with buyers and much more. Furthermore, if you receive an offer to purchase your home, a real estate agent will help you analyze this proposal from all angles. And if you decide to accept an offer to purchase your residence, a real estate agent will make it simple for you to finalize your home sale.

In addition, a real estate agent is ready to respond to your house selling concerns and questions. He or she will provide you with comprehensive guidance throughout the home selling journey, and by doing so, help you enjoy a successful house selling experience.

Ready to list your home? Use the aforementioned tips, and you can streamline the house selling journey.




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Posted by Pamela Bailey on 3/18/2020

If you are preparing to sell your house, you need to be honest with yourself and others. That way, you can increase the likelihood of a fast, profitable home selling experience.

Ultimately, it pays to be an honest home seller for a number of reasons, including:

1. You can establish a competitive price for your house.

It is important to understand that what your house is worth today is unlikely to match what you paid for it, regardless of when you bought your home. Fortunately, an honest home seller is realistic about his or her house's value and can plan accordingly.

Generally, an honest home seller will allocate the necessary time and resources to conduct a home appraisal. Because with an appraisal report in hand, this home seller can establish a competitive price for his or her house based on actionable data.

2. You can identify home problems before a buyer does.

If a home seller tries to hide home problems from a buyer, the consequences could be significant. In fact, a seller may put a potential home sale in jeopardy if he or she fails to be forthright and honest with buyers from the get-go.

For example, consider what might happen if a buyer submits an offer on a house and discovers myriad home problems during an inspection. In this scenario, a buyer may ask the seller to perform various home repairs or request a price reduction. Or, a buyer may choose to walk away from a home sale altogether.

As a home seller, it helps to take an honest approach to inform potential buyers about the condition of a house. If a residence requires assorted repairs, a seller may want to complete these repairs before listing his or her residence.

Comparatively, a seller can always include information about a home's condition in a house listing. If a seller does so, he or she can help buyers make an informed decision about a possible home purchase.

3. You can avoid rash decisions throughout the home selling journey.

An honest home seller usually is calm, cool and collected throughout the home selling journey. This seller understands the pros and cons of his or her house, and as such, can take an informed, logical approach to make the best-possible decisions.

Perhaps most important, an honest home seller is unafraid to receive negative feedback about his or her house. As a result, this seller may be better equipped than others to avoid rash decisions during the home selling journey.

There are many great reasons why a home seller should strive to be honest at each stage of the home selling cycle. Of course, if you need extra help as you sell your house, you may want to hire a real estate agent as well.

Typically, a real estate agent will provide honest, unbiased home selling recommendations and suggestions. He or she will even help you get your house ready for the real estate market. And with this housing market professional's support, a home seller can move closer to achieving his or her desired results.




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Posted by Pamela Bailey on 3/11/2020

Photo by Craig Adderley from Pexels

Housing design has undergone significant changes in the past few decades, with open concepts and flexible living arrangements quickly taking over. Such designs reflect, in part, the increased prevalence of multi-generational families, in which family members of all ages live together.

Why Today's Residents Love Multi-Generational Arrangements

During the Great Recession, the rise of multi-generational living largely stemmed from financial concerns. For years, young adults simply couldn't afford to move out. That has since changed, with low unemployment rates and a fast-paced housing market encouraging young buyers to invest in condominiums, townhouses, and single-family homes.

Despite recent housing developments, many young people still prefer to reside with close family members for purposes of convenience or family togetherness. This is particularly prominent in communities in which cultural norms dictate that young adults will continue to live with their elders long after they have completed their schooling, secured jobs, and even established long-term relationships or had children of their own. The close connections fostered by multi-generational arrangements are not nearly as easy to replicate elsewhere.

What to Look For in Multi-Generational Homes

There's a lot to love about multi-generational living, but such arrangements can feel stifling in the wrong setting. Some houses simply aren't designed to accommodate anything beyond the nuclear family. Thankfully, creative construction is on the rise, with flexible solutions available to help families make the most of once unconventional setups. Key features worth seeking include:

The Opportunity for Privacy

Young adults often venture out on their own simply because they lack privacy. The right structures, however, can resolve this issue by emphasizing private spaces. For example, instead of including one master bedroom and several smaller rooms, such homes may feature multiple master bedrooms. Suites that resemble mini-apartments are even better, as they allow residents to spend entire days in private spaces if desired.

Plenty of Communal Spaces

While privacy is critical in multi-generational homes, communal spaces are just as important. Families should enjoy the opportunity to regularly spend time together. Communal dining spaces, in particular, make it easy to build close connections in a festive atmosphere. Open concept communal spaces are especially popular, as they provide an open feel while also offering flexible space that can be adapted to accommodate evolving needs.

Addressing the Concerns of Several Age Groups

Today, the very homes that require extensive baby-proofing may also need accessible features that enhance mobility for seniors. While not necessarily incompatible, these considerations can be difficult to incorporate in the same space. Universal design principles such as level-entry showers and single-story homes make life easier for residents of all ages.

Today's diverse families and housing preferences call for a broader range of housing options. Cleverly designed multi-generational homes provide an excellent opportunity to accommodate a close-knit and valuable living arrangement that will only continue to grow in prevalence in years to come.




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Posted by Pamela Bailey on 3/4/2020


 Photo by Mohamed Hassan via Pixabay

For years home ownership has been the American dream, but, according to the Pew Research Center, a higher percentage of us are renters than at any other time in the last 50 years. Is that a bad thing? Not necessarily. For many people renting may be the right choice. Every individual and family needs to consider all the factors and make the decision that’s right for them.

The Financial Consideration

There’s a rule of thumb called the price to rent ratio. You get it by dividing the price of a house by the annual rent. For example, if you can buy a house for $300,000 or rent it for $1500 per month, the ratio is 300,000 / (12 * 1500), or 16.7. When the number is 15 or less, buying is the better choice, when it’s 16 to 20, renting becomes more favorable and when it’s over 20 renting is significantly better. However, this fails to take in factors like down payment amount, financing terms, taxes, insurance and other costs, which can vary widely. A more accurate number, telling you how long it will take to cover the up-front costs of ownership and pull even financially with renting, can be found using one of many calculators available.

The Other Considerations

While this sort of calculation is valuable, there are other questions, both financial and lifestyle-related, that the potential renter or buyer must ask.

  • What can I spend upfront for down payment and closing costs?

  • Can I afford a major repair such as replacing a furnace or air conditioner? There are insurance-like plans to defray some of that cost, but those make up another annual expense.

  • How long do I plan to stay? Selling a home and buying a new one is costly and time-consuming.

  • Which is more important to me, stability or flexibility?

Advantages of Home Ownership

As the inheritor of the American dream, the homeowner has some opportunities and privileges that the renter can’t enjoy.

  • Appreciation and equity. As home value rises and morgage balance drops, homeowners gain equity, which for many is their most valuable asset.

  • Building credit.

  • Freedom to remodel. There’s no landlord telling you what you can and can’t do with your property.

  • Stable monthly payments. Taxes and insurance can increase, but principal and interest payment remains the same. If you stay there long enough, eventually you’ll have no principal/interest to pay at all.

  • Tax advantage. For most people, it isn’t what it was before the 2017 tax changes, but interest and taxes may still be deductible.

  • Stability. You can become a member of your neighborhood and your children can stay in the same school system. No landlord can decide to sell and give you notice.

Advantages of Renting

  • No large upfront expenses.

  • Your landlord is responsible for major repairs.

  • Still some opportunity to build credit by paying rent promptly.

  • You have less at risk. You won’t be affected if property values fall.

  • Flexibility. If you choose to move you can easily give notice and do so.

Here’s one last question: which feels better, the satisfaction of owning your own castle or the freedom to change your life quickly? The answer may go a long way toward pointing you in the right direction.

 

 

 

 

 

 




Categories: Uncategorized  


Posted by Pamela Bailey on 2/26/2020

If you want to achieve the best-possible results during the house selling journey, you need to be flexible. Because if your initial home selling strategy fails to deliver the desired results, you need to be ready to make adjustments.

Now, let's take a look at three tips to help you revamp your home selling strategy.

1. Analyze the Local Housing Market

The local housing market may play a role in your house selling success or failure. If real estate market conditions have changed since you originally listed your home, you need to adapt accordingly. Otherwise, you risk falling behind rival home sellers in a fierce real estate market.

Oftentimes, it helps to monitor home sales in your city or town. This will allow you to see if houses similar to your own are selling quickly. It also enables you to understand how your house stacks up against the competition and may help you find ways to differentiate your home from comparable residences.

2. Review Your Home Listing

If you find that buyers rarely set up home showings or visit open house events at your residence, now may be the perfect time to assess your home listing. That way, you can explore innovative ways to use your home listing to engage and inform buyers about your residence.

Generally, it helps to make a home listing as clear and concise as possible. If buyers can read your home listing and retrieve accurate information about your house, they can determine if your residence matches their expectations.

You may want to include high-resolution images of your home in your listing as well. These images can help you show off the true size and beauty of your residence to buyers. Plus, they may help you distinguish your home listing from all others.

3. Consult with a Real Estate Agent

For those who are struggling to stir up interest in a house, it may be beneficial to hire a real estate agent. In fact, with a real estate agent at your side, you can receive expert assistance as you navigate the house selling journey.

A real estate agent understands what it takes to make a home an attractive choice to buyers. He or she will learn about you and your home and analyze your past house selling efforts. Then, a real estate agent will offer recommendations to help you promote your residence to the right groups of buyers.

In addition, a real estate agent will set up home showings and open house events to showcase your residence to buyers. And if a buyer submits an offer to purchase your house, a real estate agent will help you determine whether to accept, reject or counter this proposal.

As you try to sell your home, you may want to consider revising your house selling plan. Thanks to the aforementioned tips, you can revamp your home selling strategy and move one step closer to enjoying a fast, profitable house selling experience.




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