Carol George's Blog
If you want to sell a house in a buyer's market, it pays to allocate the necessary time and resources to differentiate your home listing from others. Because if you create an informative and engaging home listing, you should have no trouble stirring up interest in your residence, even in a buyer's market.
Now, let's take a look at three tips to help you differentiate your home listing in a buyer's market.
1. Consider the Buyer's Perspective
In a buyer's market, a homebuyer has no shortage of high-quality residences at his or her disposal. As such, you'll want to consider how a buyer may approach your residence and tailor your house listing accordingly.
Think about what led you to purchase your residence in the first place. Then, you can create a home listing that highlights your house's distinct features.
For example, if your home boasts a large, luxurious in-ground swimming pool, you may want to include details about it in your home listing. Or, if your house is located just minutes from many popular attractions, you may want to incorporate this information into your house listing.
2. Be Honest with Buyers
Your goal as a home seller is to craft a house listing that showcases your residence's features. At the same time, you'll want to be honest with buyers to help them make an informed decision about whether to pursue your home.
A detailed home listing that includes accurate information about your house is paramount. Because if your listing is misleading or inaccurate, it may cause problems down the line.
Remember, any problems with a house likely will be identified during a home inspection, a key step in the homebuying process. And if you try to hide these issues, it may slow down or stop a home sale from happening. Conversely, if you are honest with buyers from the beginning, you can make it easy for them to determine whether your residence is the right choice.
3. Consult with a Real Estate Agent
A buyer's market can be tough to navigate, regardless of where you live. Luckily, real estate agents are available to assist sellers in any buyer's market, at any time.
With a real estate agent at your side, you can craft a home listing that hits the mark with the right groups of homebuyers. In fact, a real estate agent will guide you along the home selling journey and help you identify and address any hurdles along the way.
Typically, a real estate agent will learn about your home selling goals. This housing market professional then can help you put together an in-depth home listing that highlights the key features of your house. Perhaps best of all, a real estate agent will share this home listing with dozens of buyers, thereby increasing the likelihood of a quick, profitable home sale.
Ready to list your house in a buyer's market? Use the aforementioned tips, and you can create a top-notch home listing that helps your residence stand out from the competition.
We live in a world of convenience and endless choices. To watch a TV show, you can find it on cable, Netflix, Amazon Video, Hulu, and more. Sometimes, all of these options make it easy to spend more than necessary on monthly services.
If you’re hoping to buy a home in the near future, one way to save a bit more each month is to cut corners wherever possible.
In today’s post, I’m going to cover some tips that will help you start saving toward the down payment on your first home.
Cutting down on monthly services
They’re enticing, the myriad of entertainment services that we can now take advantage of. For a seemingly low monthly cost you can have hundreds of channels through cable. However, many cable users have noticed that their cable bill keeps creeping up each year and the service doesn’t get any better.
One way to start saving more each month is to ditch cable altogether. For news and the weather, there are many websites available. And, some local news stations stream live on their websites for free.
But, what about watching your favorite TV shows and movies? One of the world’s best kept secrets is that of interlibrary loans. Most public libraries are part of a system that allows you to get books, games, movies, and TV shows shipped to your local library for free. You simply reserve the latest season of Game of Thrones and wait for an email from your library.
Another issue many people have with monthly entertainment services is their tendency to add up. Reassess your monthly bills. If you’re paying for Netflix, Amazon Prime, and Hulu, do you really need all three?
Be smart about your savings
To save effectively, make sure your savings account is seeing a high return on its interest rate. Online banks tend to have higher returns than their brick & mortar counterparts, and most people don’t need to make regular visits to a bank anymore anyway.
Similarly, for credit cards, choose one with cashback rewards. Only use your credit card for necessities, like groceries and gas. Then, pay off each statement in full each month. Once you get your rewards, use them for more groceries and gas or put them in your down payment savings account, if possible.
Don’t forget about CDs (certificates of deposit)
One of the most effective ways of saving for a down payment is a certificate of deposit. CDs are perfect for down payments because you aren’t able to withdraw from them until they have matured--i.e., until you’ve reached your savings goal. They can be set for 6 months, a year, or more, and they tend to have higher returns than savings accounts.
Using a combination of these methods will help you start saving more each month so you can achieve your dream of owning a home sooner.
Depending on where you live, recycling may not be an easy task. Some communities don't even have a local center. And beyond that, reusing something has less of an environmental impact than recycling. So when you can reuse, you absolutely should. But it's not always easy to see treasure when "trash" stands before you.
Here are some simple and creative ways to re-purpose your recyclables for storage.
Coffee Creamer Bottle Salad Sprinkles
Are you trying to add more healthy nuts and seeds to your salads? Make it easy for yourself by re-purposing a creamer bottle. Simply remove the label and wash. Then add things like:
Orange Juice Bottle Watering Can
After cleaning the bottle, simply use a small drill bit or hammer/nail to bore some tiny holes into the lid. Fill it with water. Screw on the lid tight. And then, turn the bottle at an angle to allow the sprinkles to cascade over your plants.
Single-Use Plastic Bottle Wastebasket
You'll need a couple of metal rings for support here. So look for old furniture or machinery that has them. Then string four bottles together with a wire running through top to bottom. Glue the bottle columns to each other to create a cylinder. Use a recycled piece of wood, metal or hard plastic for the round base, and Voila!
Old Desk Recycling Station
Do you have a table, desk, armoire or dresser that's on its way out? Turn that old wood into several crates. Use them for anything. But they're perfect for recycling.
Carefully disassemble the furniture. Then cut the wood into slats. Nail those slats together to form a crate. Paint each container with a different vibrant color. Then stencil on a label such as:
Now, when someone visits your home, they immediately sort recyclables into the right bin.
Hopefully, these ideas will help you see other recyclables in a new light to create your own up-cycled storage solutions.
Home improvements are a great way to add value to your home if you’re hoping to sell in the near future. The problem is, however, that many home improvements are costly and time-consuming. And, if you don’t plan carefully, they could even cost more than the amount of value you add to the home.
The good news is that there are several home improvement projects that will cost you less than $100 and won’t uproot your life in the meantime.
In this article, we’re going to give you five home improvements, all under $100, that can add value to your home. That way when you do decide to sell, you won’t have to scramble to make updates. Read on for the list.
1. Add a fresh coat of paint to your trim and baseboards (Cost: $75 - $100)
Trim and baseboards fall prey to getting kicked and covered in dust and cobwebs over the years. Adding a fresh coat of white paint will make an entire room feel new.
2. Improve your lighting (Cost: ~$50)
Bright lights help to make the rooms of your home feel more spacious. If you can’t increase the natural light of a room, bright, LEDs are the next best alternative.
The cost of LEDs is constantly decreasing, and they’re becoming more energy-efficient as well. To really get the most value out of your budget, use different color temperatures depending on the mood of the room (warm for bedrooms, bright white for bathrooms, etc.).
3. Add a burst of color to your front door (Cost: ~$20)
It can be difficult to increase curb appeal on a tight budget. One way to do so is to repaint your door a bright color that stands out but still fits with the style of your home.
4.Install a new shower head (Cost: $80 - $100)
Adding a new shower head to the main bathroom is a great way to add a bit of luxury to the room. While many stainless steel shower heads cost around $200, there are several chrome options that look just as nice and cost half the price.
5.Upgrade your hardware (Cost: $50 - $80)
Replacing your kitchen cabinets is an expensive endeavor. However, you can easily revamp your existing cabinets by replacing their hardware. Add a fresh coat of paint and they’ll look brand new.
Outside the kitchen, you can also update towel racks, bathroom drawer knobs, coat hooks, and other outdated hardware. Using a consisted, dark color throughout the home is a good way to give your house a theme and a sense of continuity.
With these five simple upgrades, you can increase the value of your home, boost your curb appeal, and avoid breaking the bank at the same time.
If you've recently made the decision to put your home on the market in the near future, you're probably already aware that the Millennial generation has a reputation for being a bit different from their counterparts of the past. For instance, you may have heard that this generation is putting off home ownership longer than any of their predecessors and that they've got quirky requirements such as walkable urban locations. Although you can't help where your home is situated, there are other things you can do to make your home more attractive to Millennials. Here's what you can do:
Create a Low Maintenance Yard
Although many Millennials have discovered the joy of gardening, their efforts are going more to growing at least some of their own food rather than maintaining a fussy ornamental landscape. Vast lawns don't appeal to them, and neither do high-maintenance trees and shrubbery. Consider replacing much of your lawn with a low-maintenance rock garden and eliminating any feature that requires significant time and attention.
Create an Appealing Online Presence
Millennial Buyers are far more likely to decide to view specific properties as the result of gaining a favorable impression of them online than seeing them listed in a newspaper or in a real estate agent's brochure. You'll need professional quality photographs to show off your home in its best light online, but don't stop there -- Millennials want to see videos as well.
Create a Home Office
A designated home office is another feature that won't fail to appeal to Millennial buyers. Many of them spend at least part of their time working from home, so if you don't already have a designated home office, consider converting one of the bedrooms to one. Choose a room with plenty of natural lighting if possible.
Create Energy Efficiency
Eco-conscious Millennials appreciate energy efficiency because it's compatible with their principles, but because their idealism is tempered with a pragmatic side, they also appreciate the cost-savings involved with energy efficient features. Consider having solar panels, on-demand hot water heaters, or other green features installed.
Create a Smart Home
As the first generation completely raised in the digital age, many Millennials consider smart home technology to be more of a necessity than a luxury. Temperature modulation, security, and lighting are three of the most common in-home smart technologies, but they can also be used to water the lawn and garden area, activate laundry machines, and put cleaning robots to work.
It's also a good idea to be prepared to speak at some length with Millennials come to see your home about the quality and availability of WiFi service. Remembering that their generation may have different needs and preferences than you will help ensure smooth sailing after you put your home on the market.