Sanders Properties Inc's Blog
When you put your home up for sale, it can be an emotional time. You need to say goodbye to a place where you have lived for at least a small portion of your life. You created memories in that home, and now, it’s the job of a new family to make new memories.
Once the home is well on its way to being sold, there will be an appraisal of the property. It’s scary as a seller to think that the appraisal has the ability to actually halt the entire sale of the home. It can be a confusing process, to say the least, to have your home appraised. You have determined your listing price and received an offer on the home already. It seems like backtracking to value the home after this part of the sale process is complete.
The Appraisal Removes The Tension
The appraisal is one of the factors that bridges the worlds of the buyer and the seller. As a seller, the things that you think add value to your home may not be all you have hoped them to be. As a buyer, you want to be sure that you’re paying a fair price for the home. Below, you’ll find some common myths about home appraisals and the truth about them.
The Appraisal Is Not The Same As An Inspection
The home inspection is used as a tool to protect the buyer. Although the appraisal is used as a protection for the buyer, the two are separate entities. The inspector looks at everything in the home that can be a problem including leaks, cracks, and faulty electrical systems. The home appraiser is simply meant to find the objective market and the estimated value of the home in that market.
The Appraisal Isn’t How Much The Buyer Will Pay
While the appraisal gives a good estimate of the value of a home, it doesn’t take every single factor into account. It’s one version of how much the home should be priced at. What the appraisal does affect is the contract on the home.
If the appraisal doesn’t match the contract price, let’s say that the home is appraised lower than what you’re paying for it, the lender will not make up the difference. It can become a discussion between the buyer and the seller to see who will pay for the additional uncovered cost of the home. The buyer can pay the difference themselves. The seller may decide to cover the difference themselves. Either way, this is where the home buying process can get kind of messy.
Bigger Homes Don’t Necessarily Appraise For More Money
Just because a home is bigger, doesn’t mean that it’s worth more than the smaller home next door. A larger home could have issues with age such as an older roof, or less complex fixtures. If a smaller home is more updated, it very well could appraise for more. Don’t count on the square footage to dictate the appraisal price of a home.
When moving into a new home, the first thing you want to do is make it your own. That means painting, upgrading fixtures, and the all-important window coverings. Instead of just looking for the most stylish option, take this chance to go with curtains, shades, blinds and screens will improve your bottom line. Most of the energy lost in your home goes through your walls, roof, and windows. You can enhance your walls and roof with well-made insulation, but unless you want to remove the windows entirely, your only option is thermal window coverings.
Now, typically, "thermal" is associated with keeping heat in, think "thermal underwear," but thermal window coverings are designed to block heat from both directions. That means they keep warm air inside in the winter and warm air outside in the summer. In this way, the blinds help control the temperature in your home year-round, reducing your heating and cooling energy costs.
The Four Top Options
While there are a wide variety of energy saving window coverings, and even energy saving windows themselves, the mostly break down into one of four categories.
- Thermal Drapes and Curtains: These are the easiest to install of all the options. The installation is, in fact, the same as for non-thermal drapes or curtains. Just hang the rod and slide on the curtain. While not tight to the windows, curtains do work to reduce the amount of heat that travels through your windows. A secondary feature of most thermal drapes is that they create "blackout" conditions. Blocking as much light as heat, they produce more comfortable conditions for sleep or to stop the glare on your forty-two-inch television screen. There are a wide variety of blackout or thermal drapes on the market, but you will get the best results from those with an acrylic backing layer. The more layers of acrylic, the thicker and more effective the curtain will be at blocking both light and heat.
- Thermal Interior Blinds: Mini-blinds, plantation blinds, Venetian blinds, there are so many from which to choose. Each type's fabrication is from of different materials leading to various levels of thermal protection. Slatted blinds are useful because they give you greater control over the amount of light let into a room. Depending on the curve of your slats, you may also be able to create an air buffer between the blinds and the window, changing how the cooler or warmer air flows into your room.
- Cellular Shades: Halfway between curtains and blinds, these “honeycomb” shades trap air in hexagonal pockets between at least two layers. The more layers in the blinds, the more efficient they will be at stopping heat or cold from traveling through into your rooms. Unlike slat blinds, cellular shades create an air barrier in front of the window without needing to be adjusted for a particular angle.
- Thermal Exterior Blinds: Exterior blinds work similarly to interior blinds. They are mounted above your windows and lower or raise through channels mounted to either side. Made of a variety of faux and natural materials including bamboo, wood, vinyl, steel and aluminum you can find an amazing style to match your home's needs. In addition to adding thermal protection to the outside of your windows, external blinds increase the shade and privacy of your home. Make certain you check with your homeowner's association first though. Some HOAs don't allow outdoor blinds since they change the exterior appearance of your home.
Want to block even more heat and light? Or just have more control? Look for reflective window films, awnings, roof overhangs, and screens to augment your interior window coverings. Getting ready to sell? Ask your real estate agent about the best choices to improve the value of your home.
As a home seller, it is important to do everything possible to make your residence an attractive choice for buyers. Because if your home stands out from the pack, you may be better equipped than other sellers to enjoy a fast, seamless and profitable house selling experience.
Ultimately, there are many ways to make your home an attractive option for buyers, and these include:
1. Perform Home Improvements
If your home has a leaky roof, defective heating and cooling system or other problems, there may be no time like the present to perform house upgrades. That way, you can transform assorted home weaknesses into strengths.
For home sellers who are uncertain about how to upgrade their residences, it may be beneficial to conduct a home inspection. This evaluation enables a home inspector to review your residence both inside and out. Then, a home inspector will provide a report that details his or her findings, and you can use the report results to prioritize home improvement projects.
2. Remove Clutter
If your home is full of antiques, furniture and various personal belongings, it may be tough for homebuyers to envision what life may be like if they purchase your residence. Conversely, if you eliminate clutter from your home, you can show off your living space's full potential to buyers.
Oftentimes, it helps to rent a storage unit before you list your residence. This unit will allow you to store a wide range of personal belongings in a safe place until your house sells.
It also may be a good idea to host a yard sale or sell excess items online. By doing so, you can simultaneously remove clutter and earn extra cash.
3. Boost Your Residence's Curb Appeal
Your house's curb appeal is a difference-maker in homebuyers' eyes. If your home boasts a pristine front lawn, flawless siding and other dazzling exterior features, your residence may stand out to buyers as soon as they see it. Comparatively, if your house has a messy front lawn, damaged siding and other noticeable flaws, your residence is unlikely to make a positive first impression on buyers.
Allocate time and resources to bolster your house's curb appeal – you'll be happy you did. If your home makes a positive first impression on homebuyers, you may receive lots of interest in your residence. And as a result, you may be able to accelerate the house selling cycle.
Lastly, as you search for ways to distinguish your residence from other available houses, you may want to hire a real estate agent. This housing market professional can offer expert recommendations and suggestions to help you enhance your residence. Plus, if you have any concerns or questions throughout the home selling journey, a real estate agent will always be available to address them.
Ensure your residence is an attractive option for buyers – use the aforementioned tips, and you can differentiate your house from the competition.
The home buying process can be long and daunting. From trying to find the right home to facing rejected offers, it can seem endless. Eventually, you will find the right home and get that offer accepted. Now you must face the next phase what’s called “closing” on a home. What exactly happens at the closing table can vary based on your own situation, but the important thing to know is that the closing table is where the deal is sealed and signed. The home of your dreams will finally be yours!
Find The Location
The location of the closing will be determined beforehand. It’s usually at a lawyer’s office but it could be at a realtor’s office. The attorney who has been chosen will be noted on the closing documents you receive before you get there.
Get Ready To Write Large Checks
When you’re closing on a home, this is the time that the downpayment is expected along with all of the lawyer’s fees, taxes, commissions, assessments, and other agreements. This money should be presented at the time of closing and there’s no wiggle room on the timing, so be sure you have the cash handy in your account. Often, a bank check will be required to pay these fees along with the downpayment. Your lender will give a a detailed report of the fees that are required before you even head to the closing table, so you’ll have time to prepare.
Do Some Hand Stretches
There will be plenty of pens available at the closing. You’ll be there for awhile signing many important documents, so bring some water. If you don’t have a safe or file folders, you’ll want to get them as well. Depending on how your closing is conducted, a lawyer or other authorized person will be present to explain the legal jargon to you for every piece of paper that you’re signing. Every document that you sign should be saved for your reference and safe keeping. The proof of insurance and the deed to your property are definitely documents that you’ll want to have handy for a long time to come. Your home is one of the largest purchases that you’ll ever make in your lifetime, so be sure to keep that paperwork in order.
After Closing Ends
After all of the papers are signed and the walkthrough of the home is complete, you’re a homeowner! In most cases, you’ll be able to call the home your own immediately. In some special cases, there are post-closing agreements that include repairs that couldn’t be done ahead of time, or other transactions that the seller may have agreed with you on at an earlier date.
In most cases, everything will be taken care of right at the closing table. One of the most exciting moments is when the keys are handed over to you! After a long time of searching, many phone calls, and a lot of work, now you can start putting that elbow grease into your home!