All posts by tmamarketingtips

DIY Home Upgrades

DIY home upgrade

Do-it-yourself home projects are sweeping the nation, and it is easy to see why. DIY is typically budget-friendly and fulfilling to complete; simply find the right project to match your skill set and needs.

Make a hardware swap. Replacing your kitchen cabinets changes the entire look of your kitchen – but it is expensive and requires considerable skill. For a simpler, smaller project that can still have a big impact, replace the hardware on your cabinets instead. Select the hardware type first, then move on to style. Crisp, sleek hardware goes best with a modern kitchen, while more detailed offerings work well with classic, traditional kitchens.

Refresh your space with a fresh coat of paint. Repainting a wall or room is the perfect way to showcase your style, without breaking the bank. Try going bold with pops of color on an accent wall. It is easy to recreate a space that reflects who you are, without making expensive renovations.

Illuminate a simple change. It does not always take a huge change to reinvent a room; it can be as easy as changing the light fixture. You could choose to repaint your existing chandelier or you could give your ceiling fan a new look by replacing the blades. If you are on the crafty side, try making your own shade for an existing lamp with some of your favorite fabric.

Invite people to your gallery. If you cannot decide on the one perfect image for your wall, then why not go for several? Gallery walls are a great way to show your favorite prints and photos artistically. Pick the wall and apply a fresh coat of paint. Once the wall is ready, pick your photos or prints and set them in frames you love. Now the fun part lay your works of art on an open floor space and rearrange them until you find the perfect layout.

Bring a new vibe to your existing furniture. If a chair or loveseat is starting to show its age, reupholstering it is a great way to give the piece fresh life. Remove the current fabric and replace it with a new fabric of your choosing. Apply staples or stitching to hold the new fabric in place, and that old piece of furniture will have a distinctive new look.

Showing Tips for Sellers

Showing tips for sellers

Get your listing in showing shape with these simple tips.

Lighten up. Some people prefer to live in dark houses. When you have a listing on the market, you must let the light shine in. Leave the shades up and the drapes opened. Homes show so much better with light.

Size up the competition. Walk through model homes or similar listings in your area to see what professionally staged homes look like. You can get a variety of great ideas to prepare your home for sale.

Define the space. Creatively define each space to highlight its use. Create a mudroom that is neat and orderly, a home office workspace, or a kid’s afterschool room with chalkboards and desks. Do not make potential buyers guess what the room is the used for.

Add simple curb appeal. Thoroughly clear all little branches, rake the leaves, and trim the bushes. Every landscaping detail proves that you care, and this translates to buyer appeal!

Not your own space. Take away everything that makes you feel like this is only your home (also get a head start on packing). Think about highlighting the best feature in each room.

Real Estate Experts Want You To Know

Real Estate Experts want you to know

When it comes time to sell your house, things can become very personal quickly. This makes having an open, honest relationship with your real estate professional a key element to the success of the sale of your home.
Before you put your home on the market, here are some things expert real estate agents want you to know:

1. Your stuff is lovely, but – While your home may be beautifully decorated, it still looks like your home, not the potential buyers’ home. Clutter can make a home feel cramped and leave a bad first impression.
If you are going to be moving anyway, it makes perfect sense to start packing and putting a lot of your current belongings in storage.

2. Stop hiding things – Leaky faucets? Termites? An air conditioner that barely blows cool air? Do not keep any of your home’s flaws from your real estate professional because you are worried it might hurt your chances of selling your home.
Remember, your listing agent is on your side and knows what must be fixed or what can slide—so go ahead and share the good, the bad, and the ugly. Whatever you hide from an agent will most likely be discovered later and then it will be a significant problem.

3. You need to fix a few things – You need to know that it costs money to sell your home. You will need to invest money in your home to make it look good to potential buyers.
Replace the trim, clean the scuff marks off the walls, and power-wash the vinyl siding. To you, the condition of your home is totally normal because you have lived there for years. To buyers, this may mean expensive repairs, which may cause them to lowball you or not make an offer at all.

4. Your remodeling might not pay off much – Blood, sweat, tears, and a heck of a lot of cash might have gone into your remodeling projects, but that does not mean there is a guaranteed payback for any of it.
An ROI, or Return On Investment, means that some home upgrades do not necessarily increase value. It largely depends on what kind of home improvement you do. Ask me for a list of some common renovations with their projected return on investment.

5. Don’t overprice – While listing at a high price and then coming down as necessary seems like the best way to avoid leaving any money on the table, you could be doing yourself a disservice.
If you overprice your home, buyers may not catch that, but buyer’s agents will. When a home is overpriced, buyer’s agents will either avoid bringing their buyers or, worse yet, they use it as an example to sell another property.

6. Cleanliness really does count – When you are ready to sell, put in the time or the money to make sure your home is beyond clean. Everything gets noticed during a showing. The kitchen and the bathrooms are the two main areas where cleanliness – or lack thereof – is most obvious.

7. Have some patience – Yes, we know you thought your beautiful house would fly off the market the moment you list it, but that is not always the case. In fact, realtor.com data shows that homes sit on the market for an average of 66 days.
The real estate process is long: from showings to inspections to negotiations to the close of escrow. Be patient! Persevering leads to success.

6 Tips for Buying in a Seller’s Market

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Buying a home in a seller’s market doesn’t necessarily have to mean paying too much, giving in to seller demands, or difficult negotiations. Even when sellers have the advantage, they may still need to work with a buyer to sell their home.

Some homes will often get plenty of attention while other homes may sit because they are priced too high or because of any number of factors that are undesirable to buyers in their market. With this in mind, it’s possible to make buying easier, even when the market favors the seller.

1) Be Firm but Fair in Negotiations

No matter what the seller may be asking for their home, the home still has a fair market value. While the amount the seller may be asking for a home could be a little bit higher in a seller’s market, that doesn’t mean a buyer can’t negotiate the price. Remain firm in negotiating, but also be fair based on the market conditions. A real estate agent can be your best resource to help you determine what your options are when it comes to making an offer.

2) Take a Look at Homes on the Market For a Long Time

Even in a seller’s market, there will be homes that just aren’t as popular as others. These homes will stay on the market longer, and finding out why this is the case, might be the beginnings of a great deal. If a home has a characteristic that isn’t popular with many buyers in the area, but it doesn’t bother you, it may be possible to buy a home in a seller’s market for less than you might expect.

3) Remember, There’s More Than one Location

Location is very important, but there’s generally more than one specific street or area where a buyer might want to live. By looking in several different places you might find the home that’s right for your needs without being completely tied to a location where the sellers may be less willing to negotiate and the prices might be above budget.

4) Find the Motivated Sellers

There will always be some sellers that are more motivated than others. No matter the reason for their motivation, the opportunity exists for buyers to get a good deal on a home they love. It may not always be easy to find sellers that are highly-motivated, but an agent can often help locate sellers who are looking to move their properties faster, and for a lower price.

5) Be Prepared and Ready to Negotiate

One of the ways to get ahead as a buyer in a seller’s market is to make sure your finances are ready. By having a mortgage pre-approval letter and a strong down payment, it’s possible to get ahead of other buyers who may not be as prepared. Sellers want to work with buyers who are serious and have a high probability of completing the transaction without delays.

Not being ready before making offers could mean missing out on a home that would be just right.

6) Don’t Underestimate the Power of Cash

Buyers who pay in cash and don’t need a mortgage to purchase a home often have a better chance being ahead of other buyers in a sellers market. Cash can be very attractive to some buyers, because when it comes to buying a home, it shows a seller that they don’t have to worry as much about a deal falling through because of mortgage finance issues.

When buyers don’t need mortgages, the transaction may be completed a lot faster, too, making it easier for everyone to moving on to the next phase of their lives. Speak to a financial professional to see if this would be a prudent move for your long-term financial health.

While a seller’s market can be a bit tricky to navigate, home buyers should know that with enough preparation and effort, they can find and purchase their dream home without adding additional stress to the process.

By our guest blogger,_KrisLindahl_481224369

Kris Lindahl REALTOR® CRS CLHMS
The Kris Lindahl Team at RE/MAX Results
2407 109th Ave NE Suite 110
Blaine, MN 55449

www.krislindahl.com
twitter.com/krislindahl
linkedin.com/in/krislindahl
www.minnesotacommercial.com

 

Profile of Home Buyers and Sellers

Presentation: 2014 Profile of Home Buyers and Sellers

Make Your Optimism Come True

One of the greatest aspects of a new year is the fact that we can start the next 365 days fresh. Sure, there are things in life that carry over, but the worst thing we can carry over is a negative attitude. Negativity is one of the worst killers of progress; it’s a proven fact. So, instead of dragging your feet into the new year, let’s try a different approach…

Let go of the proverbial “haters”. Yes, I know it sounds cliché, but it’s true. Now, I’m not just talking about naysayers in your immediate social circle. For reasons we don’t really understand, WE are our own worst critics. We dislike ourselves so much that we talk ourselves out of praising our amazing qualities! We dislike our appearance, our station in life, our material possessions. Think about it… We will always agree with the negative comments we receive, and scoff at the compliments. How does that make any sense?

What we need to learn is to program ourselves to agree with the good we receive from the universe. Cut out all of the negativity in your world. Quit getting down on yourself about the little things. You’ll be much happier, and that will transpire to positive vibes. This is YOUR life. Stop living as though mediocrity is the norm. In the end, the many aspects of your life will thank you for it.

Disappointment, frustration, dependency, mediocrity… These are all evil words we have in our lexicon that prevent us from progressing. It’s time we forget the meanings of these words and replace them with new ones: excitement, encouragement, independence, success.

After all, attitudes are contagious. Are yours worth catching?

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