Sanders Properties Inc's Blog
Many sellers rely on agents to help them to deal with the task of selling their home. If you’re looking to buy or sell a home, a real estate agent isn’t required. There are many advantages and disadvantages to selling your home as a “For Sale By Owner” (FSBO). Read on to discover the good and bad of selling your home on your own.
Avoid Paying Commission
Real estate commission is the main reason that many sellers choose to go it alone. You’ll pay about 6% commission on the sale of your home between buyers and sellers agents. When figuring out the asking price for your property, this number that you’ll pay for a commission is included. This sale price also should be enough to pay off the remaining balance on the property. If you don’t have a lot of equity in your home, an FSBO may be your only option if you can’t afford the commission. Another option is to wait to sell your home until you have built up enough equity for the transaction to make sense for you.
You Can Find Other Resources To Help You Sell The Property
There are so many resources available to FSBOs in today’s market. Yards signs aren’t the only thing that sellers can use to get people interested in their property. Many websites and resources assist people taking the FSBO approach. You still may not be able to get your property listed everywhere if you’re not a real estate agent.
You Won’t Be Able To List The Property Fully
Only licensed real estate agents have access to the MLS, where buyers' agents and other websites pull available properties. Not having access to this can be a deterrent to the marketing of your home. You could miss out on getting many home showings that you otherwise would if your house was listed on the MLS.
There’s No One To Help You With Paperwork And Negotiations
Real estate agents certainly earn their commission. There is a lot of work in both selling and buying a home. If you hire an agent, he’ll be taking phone calls, sending off forms, and dealing with the negotiations on the property. An agent will also coordinate home showings and have the ability to show your property when you’re unavailable. If you go it alone, you won’t have that assistance and may be a bit overwhelmed during the selling process.
A real estate agent also understands the lingo better than someone who has been outside of the business. There are many advantages to paying his fee if you decide to hire him for the sale of your home.
If there’s one room in the house most people long to be high end, it’s the bathroom. A room of relaxation and rest. The one place everyone can find time to themselves within, even if it’s two minutes. The bathroom is our sanctuary. And you don’t need to break the bank to create a luxe environment.
Frame a flat bathroom mirror with molding for a classic and one-of-a-kind look. Detailed millwork is synonymous with an upscale home because more time and effort has been put into the fine details. Pick a style of molding that matches your unique preferences and a wood stain or paint color to match the rest of your decor.
A new shower head isn’t immediately visible so it’s not a style upgrade. However, it’s an upscale lifestyle upgrade to be certain. A rain shower head provides a steady, even flow of water while covering more surface space.
Update the light fixture(s) in your bathroom to change the aesthetics and light quality. There are many sleek, minimalist vanity light fixtures on the market if you are looking to keep up with trends. For a dramatic change look for sconce shapes that differ from those already installed. If you have bell-shaped sconces look for a square or rectangular option. If you have bulbs try ovaluar or sleek coned shape sconce.
Install matching metal finishings from the faucet to drawer pulls. Sometimes as we update our homes feature by feature mismatched hardware happens. Take the opportunity to create a cohesive harmony throughout the room by matching knobs, faucets and light fixture finishes. Knobs being the most budget friendly and easiest to swap, try to match these to your existing hardware and not the other way around.
A new coat of paint can make the world of difference in any room. Bathrooms seem to seldom get the same playful attention to color as other rooms do. And a color from years past can dramatically date a room despite more classic pieces within it. Don’t be afraid to make a bold statement with a pop of color. Or cover up tired blue walls with a neutral shade for a high-end look.
Invest in a towel warmer for a luxe after-bathing experience. With many styles to choose from you’ll be sure to find one in a style that fits your current decor without a problem. Towel warmers come as drawers or as a rack. Racks either install on the wall or come as a stand-alone piece. All three options can utilize an outlet without having to be installed as a part of your electrical work like a light fixture would.
One surprising way to upgrade your bathroom is with plants. Look for varieties that thrive off of humidity to create a lush, paradise. Plants have a soothing effect and will have your bathroom feeling like a true oasis. If you don’t have a natural green thumb consult an expert at your local gardening center to find those that will do best in the lighting and air conditions of your bathroom.
The kids are gone and your home that once always felt full to the brim might begin to feel like too much for just the two of you. Which also means it’s the perfect time to buy just the kind of home you always dreamed of having. And let’s be honest, this isn’t always the home young couples need to raise their growing family.
Open the next chapter of your life by, quite literally, opening a new door.
One of the most important factors to consider when house hunting is whether to stay within your existing community. Many couples are excited to not be tied to one place and have the ability to move to somewhere much warmer or scenic. However, it’s important to consider a few factors that some couples find they wish they had when they first started house hunting for homes across the country.
One of the biggest factors to consider is your family and friends. Moving across country can mean seeing them a lot less. And even though we now have video call technology there’s no replacement for that one on one interaction you get when they’re just a drive around the corner.
Instead of jumping in feet first, consider vacationing in the location(s) you are considering for a week or two at a time. Get to know the surrounding community while you are there. What types of people are in the area and can you see yourself easily becoming one of the group? Visit the restaurants, coffee shops, library and community center to see where people gather and if they are “your” people. If you have a hobby or are looking to take one on look into what sort of activities are in the area. Look for sewing/knitting circles, cooking classes, speaking events, and/or hobby shops in the area.
You might just find that the area is best for visiting time to time and not a place you’d like to grow roots. However, you do find you love the location look into the different travel options and what pricing will look like throughout the year. Especially around the holidays. You don’t want to find out after the fact that you need to drive to a train station two hours away just to get on a train or pay an arm and a leg for a plane ride.
One last thing to consider is planning for your budget both now and in the future. Retirement has a lot of perks but cash flow can get tricky when it comes to big-ticket items. Look for homes that you can pay as much of the total as possible up front. Having small, or no, mortgage payments will ensure you are well within your means. If this is a home you plan to live in for a very long time you’ll want to make sure that all expenses can be covered by one of you if anything should happen to the other’s income source.
If you want to purchase your dream house at a great price, you should monitor the real estate sector closely. That way, you can identify housing market patterns and trends and map out your homebuying journey accordingly.
Now, let's take a look at three tips to help you track the housing market so you can speed up your home search.
1. Analyze the Prices of Recently Sold Houses
Take a look at the prices of recently sold houses in your preferred cities and towns. Then, you can use this housing market data to understand the average price range for houses in areas where you want to live.
As you review the prices of recently sold houses, you may want to narrow your homebuying criteria as well. With homebuying criteria in hand, you'll be better equipped than other buyers to seamlessly navigate the property buying journey.
2. Find Out How Quickly Houses Are Selling
Differentiating a buyer's market from a seller's market is key, particularly for a buyer who wants to achieve the best-possible results. If you find out how quickly residences are selling in your preferred cities and towns, you can distinguish a buyer's market from a seller's one.
In a buyer's market, there is an abundance of sellers and a shortage of buyers. This means buyers will find lots of outstanding houses at their disposal.
Comparatively, in a seller's market, there is an abundance of buyers and a shortage of sellers. If you're a buyer operating in a seller's market, you likely will need to bid competitively to acquire your ideal residence.
Once you determine whether you're preparing to enter a buyer's or seller's market, it generally is a good idea to plan ahead for the property buying journey as much as possible. If you know exactly what you want to find in your dream house and where you want to live, you can quickly and effortlessly discover your ideal residence in any housing market, at any time.
3. Assess Houses That Fall Within Your Price Range
Many houses are available in cities and towns nationwide, but it is important to determine exactly how much you can spend on a residence prior to entering the real estate market. If you establish a homebuying budget, you can review the prices of houses that fall within your price range. Perhaps most important, you can avoid the risk of spending too much to acquire your ideal house.
As you kick off a home search, you may want to collaborate with a real estate agent too. A real estate agent is happy to help you pursue houses in your preferred cities and towns and find one that matches your expectations. Plus, a real estate agent will help you submit an offer to purchase your dream home that hits the mark with a seller.
Ready to conduct a home search? Use the aforementioned tips, and you can perform an extensive analysis of the real estate market and boost the likelihood of a successful property buying experience.
When it comes to making your home and property safer for your family and others, the Boy Scouts motto says it all: "Be prepared!"
While it's next to impossible to completely eliminate all risks and potential hazards in and around your home, there are dozens of things you can do to make your property safer.
Every family's safety needs are unique, but here are a few basic precautions that can help reduce the chances of home accidents occurring -- both large and small.
Stair safety: All things being equal, it's riskier to walk down a flight of stairs than it is to walk on level ground. While that may seem obvious, most people don't stop and think about the potential risks of descending stairs as they're about to do it. Although tripping and falling on stairs can be injurious to just about anyone, it's especially dangerous for elderly people. From a homeowner's standpoint, there are several things you can do to reduce the risk of family or friends stumbling on your stairs. On an ongoing basis, it's necessary to make sure there are no loose objects on the stairs that could cause someone to lose their footing. Keeping stairs clear of toys, building blocks, and slipping hazards can be challenging if you have young children. Until they're taught to pick up after themselves -- which might occur sometime between now and college -- stair safety is an important issue to be aware of. Another key strategy for preventing household accidents is to make sure railings are properly installed and firmly anchored. Basement stairs can pose additional risks because they're sometimes inadequately lighted. Concrete floors at the bottom of some staircases can make a fall even more hazardous (not to mention painful). Increasing lighting, if needed, and making the bottom step more visible so that it's not accidentally skipped, are two preventative measures for reducing the chances of anyone falling on basement stairs.
Fire safety: Most people are aware that it's essential to have several working smoke detectors placed in strategic locations in your kitchen, bedroom area, and other parts of your house. Even though it's common knowledge, people don't always remember to install enough of them, replace worn out batteries when necessary, or test them every few months to make sure they're in good working condition. Some people remove the battery to silence smoke alarms while they're cooking, which can be dangerous if they don't remember to put them back afterwards. If your kitchen smoke detector has a "push to hush" button, then that can be a safer way to temporarily quiet a smoke detector when you're cooking dinner. Home fire safety also entails several other precautions, including having a fire extinguisher in the kitchen (and other areas), having a second-floor fire-escape ladder available, and teaching children how to avoid and respond to potential fire dangers. More detailed information and educational materials on fire safety is available from government agencies and non-profit organizations like the American Red Cross and the National Fire Protection Association.
Stay tuned to this blog for more helpful tips, pointers, and ideas for keeping your home safer and more secure.