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Should I Remodel My Kitchen? 5 Considerations

kitchen remodelIf you’re trying to sell your house, you may be wondering whether a kitchen remodeling project will increase its value and help you sell faster. There are a few things to consider. Ask yourself the following questions before deciding to bring in a kitchen remodeling contractor to help sell your home.

#1. Will you be able to recoup your costs? There’s no sense in spending a lot of money to install new kitchen cabinets or build a new countertop if your’e going to end up losing out on your investment. Unless the value of your home will increase enough to help you break even or even make a little extra on your sale, then remodeling is unnecessary.

#2. What trends are most desirable to current prospective buyers? Keep in mind that you won’t be able to please everyone, but your aim should be to appeal to the widest selection of prospective homebuyers. IN that case, installing new stainless steel or concrete countertops in your kitchen would be unwise. Most buyers currently prefer marble, quartz, or granite countertops. Also, even though you may think a certain paint color or cabinet color is appealing, you should look at what current buyers are saying before hiring a painter or cabinet refinishing contractor.

#3. How old are your appliances? Are they well past their warranty? Have you had any recent problems with them? Or do they look outdated? Modern appliances will likely appeal to most buyers today. However, if you live in a very old home with vintage appliances, you may want to keep them, as vintage and antique items will be worth a lot of money and could actually increase the resale value of your home. You may want to consider getting an opinion from an appraiser before you decide to revamp.

#4. What kind of feedback have you gotten from showings? If your house has been on the market for a while, and a lot of buyers are saying the same thing, it may be wise to take their comments into consideration. Perhaps you have laminate kitchen countertops, and buyers are saying they’d prefer granite. If you can find a contractor to replace your countertops for a reasonable price, and you’re confident it will increase your appraisal value, then a countertop replacement might be a good idea. Again, we always recommend seeking a professional opinion first.

#5. Is remodeling really necessary? Sometimes all you really need a professional home staging, which is often much less expensive anyway. Some home stagers claim multiple full-price offers on homes they have staged in the past. You may be surprised to learn that a few decor tweaks here and there can actually make all the difference.

8 Great Ideas To Make A Quick Sale For Your Property

 

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Selling houses give you the feeling as if you’re waiting in vain. It can take a couple of months or worse years without any buyer. Sometimes we have to cut the price just to get a deal even if we know that it’s not the right value of your home. Let me share some fantastic ideas that can help you out in getting a quick sale for your property.

  1. Share information about the area

Make a good pitch of what people can benefit in the area if they choose to live there. Good publicity for the place will make people want to purchase the home that is located in your neighborhood. Emphasize the things around it like schools, parks and other recreation activities that can be done around the place.

  1. A lot of photos

If you are someone who is trying to buy a property looking at different listings, you will try to look for the photos available. It’s one way to attract the potential buyers. Make good pictures and try to post a lot of it showing different views at your home.

  1. Maximize the online portals

There are a lot of listing sites available. It is important that you can have your listing posted on the major sites to reach more people. It is the best way to get the attention of possible buyers.

  1. No pets allowed

If you are trying to sell your property, it is best if the pets won’t be around. Not just that, even other things that will give a hint that a pet lives there should not be seen. The smell of pets can cause a major turn off to potential buyers.

  1. Make the property open for visit

As much as possible, make your home available for visits. If there will be more clients who can see your house, there is a high percentage that the right buyer will come around. We all know the saying that the early bird catches the worm.

  1. Stage your home

In a house, several rooms or spaces are not being used. If you will open your home for visits, it is best if you can transform those unused rooms or spaces into something elegant. You can create a family room, an office or a library. It can add an extra appeal to the buyers.

  1. Squeaky clean

You remember seeing those model houses offered by different subdivisions? Your home should be as clean as that. You have to make your house look simple yet elegant and spacious. Remove other furniture that takes up too much space in the room. Picture frames are not advisable. You have to make it look like as if it’s one of the model houses available for viewing anytime.

  1. Set the right price

It is never a good idea to overprice a property. The price you will put up on the listing should be something reasonable. If you place a price that is outrageous, the potential buyers will not think that the price is right no matter how appealing the property is.

Follow the ideas, and you can surely knock off a quick sale for your home. These are very simple tips which work if you want to get a sale the soonest possible time.

7 Effective Ways On How You Can Increase The Value Of Your Home

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Making sure that your home has a high value is important most especially if you have plans on moving and selling your property. We all know that if you are trying to have a house sold if the value of it is not good you won’t be able to get a good deal out of it. A well taken cared off home is something that people want. Even if the property is not new, you can still increase the value of it. Here are some practical ways on how you can enhance the value of your home to get a better deal.

  1. Create a spacious household

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If your home appears spacious, it can attract buyers. Prospected buyers don’t want a house that looks crowded. If the house looks big enough, people can imagine the things that they want to do to the property if ever they seal the deal with you.

  1. Landscape

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Making a good landscape out of your lawn can increase the value of your home tremendously. Make sure that no tree branches are lurking around the backyard. Setting up a garden will be the best idea as it can create a good impression on the people who are looking to buy your house.

  1. Brighten up your house

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No one wants a house that looks empty and lonely. Your home should have enough light that can make the room lively. There should be enough light that can pass through the windows. It can add a good vibe in your home if it has a fresh look.

  1. Never neglect the maintenance of the house

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People get too busy with their work and lives. More often than not, the maintenance of the home is neglected. Make sure that the house is well insulated even the ones that are not usually noticed like the attic or the basement. Waterlines can also have a problem if it was taken for granted.

  1. Energy efficient home

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One of the most in-demand right now that can boost the value of your home is energy efficiency. If your house has the solar equipment that can help out to have a lower bill, it won’t take long to get a deal for your property. Added factor is if there are energy efficient appliances as well.

  1. Invest in your front door

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You know the saying first impression last? It is applicable with the house that you will visit. The moment you look at the home and see a good door waiting for you to open, it already creates a good impression on your brain. Make sure that your front door has enough space to shelter you through the rainy days.

  1. Watch your step

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A house with a good floor has a high market value. It makes the place elegant with every step. The flooring is something that people easily notice and it’s one part of the house that potential buyers always look at. It’s like they are watching every step they make on the property.

Always remember that a high market value of your property can get you the best deal you can have.

5 Tips On How To Pick The Real Estate Agent Right For You

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Buying or selling a house is a lot of work. It is not easy to do most especially if you are on your own and lack connections. It is the reason why most of us prefer to have a real estate agent to assist us in the process. There are just some things that you need to consider if you want to get an agent that is right for you. It’s not easy because these days there are a lot of real estate agents who are just okay with talking but are not competent enough to get the work done. Let me give you some tips on how you can pick the best among rest.

  1. Referrals

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I’m sure you have family and friends who have experienced hiring a real estate agent for some purposes. It could be when they’re trying to sell or buy a property. It’s just that if someone you know referred the agent, he or she has probably given an excellent experience to their previous client. Just think it this way. You won’t refer someone if they have done a poor job.

  1. Online search

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It is the most popular way of finding a real estate agent. Just be careful because not everything you see online is a fact. There can be some feedbacks and testimonials that are just fabricated to get the attention of the people. Research carefully and look for the consistency. Check the reviews because it can help. Of course, the more reviews a real estate agent has, are the more credible the agent is. You can also make some contacts or interact with previous clients if possible so you can hear their thoughts first hand.

  1. Attend an open house

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If you are looking for a real estate agent but hate the pressure of making an immediate decision, an open house is where you should be. You can meet a lot of real estate agents and talk to them. The more agents you can speak to, the better you can assess which one of them is the right one for you.

  1. Request for credentials

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It’s not that you don’t trust people enough, but you are just looking out for your best interest. If a real estate agent claims to be a top seller in the area, it shouldn’t be a problem for him or her to provide you some information of previous clients that they had a favorable deal. Call them out to verify the information given to you and how was their experience with the real estate agent.

  1. Ask some questions

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It is natural for you to ask a question but what I’m saying is that you should ask some things that concern the area. It will reveal the agent’s expertise and knowledge around the neighborhood. Ask about a property that has been recently sold in the location and what can he or she say about it.

It’s important to find the real deal when it comes to real estate agents, so you won’t waste your time and money waiting for nothing.

7 Important Questions You Need To Ask Before Purchasing a Commercial Real Estate

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Commercial Real Estate is way different that residential real estate. There are much bigger risks and investments needed, but the profit basis edge is in the commercial real estate. It is crucial for you to find a good deal before closing your investment to the property. Here are some helpful questions that you can ask to land the best possible deal.

  1. Is the demand consistent?

The demography of the area is very crucial. If the property is for a student rental property, it is best if the location is near universities. You have to make sure that the demand for the property will be consistent to ensure return on investment.

  1. Is the property in the right location?

Whether it’s a commercial or residential property, the location is always important. The place should have a high probability of tenants that will occupy the commercial property you have. The higher the occupancy rate is, the higher the profit margin will be.

  1. What is the standard demand of the properties in the area?

It is important that you can do a survey or research the competition around the place. Make sure that the price you’re getting is the standard price available for similar commercial properties in the area.

  1. Is the developer someone who can be trusted?

The property may be located on a splendid spot, but if the developer in the area is not someone who does a good job, it’s just useless. A background check is something I would recommend. Checking previous projects or finished developments for your assurance is necessary. Asking around would also help you find things out.

  1. Is the investment deal flexible?

An exit strategy is one important component of the commercial real estate. It comes along with the high-profit guarantee, and if it will not be met, it is considered a bad investment. Of course, people who would invest in commercial real estate are business owners. Why will you stay on a drifting ship if you can get away with a rowing boat?

  1. Does it fit my needs?

Entrepreneurs make investments all the time. Of course, they have their reasons and objectives in mind which of course is for their best interest. Make sure that the investment is somehow aligned with the purpose of your business.

  1. What are the risks?

It is the most important question to ask. No deal is always good in all aspect. You have to review every inch of the deal carefully. Create a plan whereas there will be a fall back in a worst case scenario. Just a little tip, as some developers make a guarantee using shell corporations to get the assurance they need.

If you are into commercial real estate, there should be nothing to be ashamed of even if you have thousands of questions that you need to be answered. You might also want to consider hiring a professional consultant to make things clear. It’s one way of getting the best possible deal for a commercial property.

How Can You Qualify For A Federal Housing Administration Loan?

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If you have a credit rating that does not look so appealing to private loan companies, it’s hard to get a loan approved to finance a house you want to purchase. It’s not the end of the world, though. There is still another option that can be done. You can apply for a loan through the Federal Housing Administration or FHA. Compared to other loaning agencies, FHA is more lenient when it comes to housing loans. The question is how you can qualify for a loan approved by FHA. Here’s the information you need to get a loan approval from the Federal Housing Administration.

  1. An authorized specialist from FHA will have to conduct an appraisal on the property you want to buy. It is to make sure that the property is for the right price.
  2. The property you want to be financed should be the house that you will be living in primarily. If the home you are trying to get funded is for a vacation house or a rental property, it can’t be approved.
  3. After extensive calculations, the taxes, mortgage, HOA fees and insurance should be below 31% of your total income. FHA understands that there are some risks, but they also need assurance that your income can cover the loan.
  4. If you have any outstanding loans such as credit card payments, car loans, or others that you may have, it should be at 41% or below of your income. Again, it’s for assurance purposes.
  5. You should be able to present evidence that you can stay in the United States legally.
  6. There should be proof that you are eligible to apply for a loan in the particular state you are trying to live.
  7. Make sure to present a copy of your employment history for the last two years. It is best if you can stay with your current employer with a minimum of 2 years.
  8. If your credit standing is not that good, there is a required 580 credit score to be approved for 3.5% down payment.
  9. People with a credit rating of around 500-579 can still be approved but will be required for a 10% down payment.
  10. There should be proof that you have a consistent income for the past two years.
  11. All bills such as loan payments, utility bills, and other things should have been paid on time for the last two years.
  12. If ever there is an instance that you have filed bankruptcy, the record should show that it occurred at least two years before your application. In some cases, filing a bankruptcy is unavoidable which FHA understands but if it happened two years ago, your credit rating should already be on the recuperating stage.
  13. Even if you have a record of foreclosure under your name, you can still be granted for approval provided that it was three years ago or more.

There are quite some things that you will need to be qualified for an FHA loan. Look on the brighter side. The usual down payment requirement is at 20%, yet FHA offers way below that.

The Top 4 Real Estate Markets for 2016

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The real estate industry is somehow giving us a roller coaster ride. One minute it’s the hottest thing in town then you’ll just be surprised that the market value is not that good. With that being said, there are a few exemptions where the real estate industry is always at its peak. Check out these places that you might want to consider if you’re thinking about property investment.

  1. San Francisco Bay Area

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The area has always been on top of the list when it comes to the highest rating market for real estate. If you get your property listed around the San Francisco Bay Area, the guarantee that it will be sold is only around fifteen days. The only bad thing in this area is if you are trying to buy a property, the chance of getting a good deal is too little.

  1. Seattle

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Another top contender in the real estate market is Seattle. You can’t blame the people because the place looks close to the great San Francisco Bay Area. The only difference is that it might take thirty days before you can sell a property. It’s not a bad deal though as some properties in other areas can take up to several months before being sold.

  1. Washington D.C

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It’s not as great as the Bay Area, but D.C can provide you an assurance that your property will be sold in less than two months. The market for real estate is pretty stable in Washington D.C. as it can compete with the top-seeded areas around the country.

  1. Phoenix

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It’s not the usual name that you can see on the top of the list, but it is included on the higher rank because of the fast growing transformation in the area. The development of the place is growing rapidly, and a home listed will just take around fifty days before you can get it sold.

There are the top four ideal markets when it comes to real estate industry. If you are trying to make a name in the industry, these four place can surely help you a lot.

4 Things In The House That Homebuyers Look For All The Time

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If you are someone who is trying to purchase a new home for your family, there are specific things in the house that you look for. As a homebuyer, the moment you see these features that you’re looking for, it’s already easy to fall in love with the property. Here are some tips for people who are trying to sell their homes, so you get a buyer quickly. Check out the things that homebuyers look for in a home they’re trying to purchase.

  1. Laundry room

More than 90% of homebuyers prefer for a home to have its laundry room. They are looking for a place where they can put all the dirty clothes before everything is cleaned up. They just don’t want guest rooms to be put on waste by turning it into a laundry area.

  1. Outside Lights

More or less 90% of homeowners would like to have good exterior lights. It makes them feel safe and secure. Well, I can’t blame them. Having outside lights can somehow keep burglars away or if not these thieves can be spotted quickly with the help of the lights.

  1. Energy Efficient House

All of us want to be able to cut some slack when it comes to the high bills of electricity. If the house is equipped with windows that are energy efficient, it would be a quick sale for the sellers. Aside from that, a house that is fully insulated can make a good deal.

  1. Patio

If we are trying to sell a house, we tend to focus on the interior of the property. More often than not, the backyards are neglected. However, people who are trying to do home visits never forget to check what is on the back of the beautiful house you’ve prepared. More than 80% of the people who are considering a property purchase would agree that if there is a patio available on the back of the home, they can visualize themselves having a nice barbecue party.

If you are a seller who wants a fast but a good deal of transaction then don’t forget to take note of these things as it can help you big-time.

How To Get More Clients If You Are A New Real Estate Agent?

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How To Get More Clients If You Are A New Real Estate Agent?

Real Estate is a tough industry where the saying survival of the fittest is very applicable. For a rookie agent, getting clients is like finding a needle in a haystack. With all the experienced real estate agents that you’re up against with, getting your first client if close to impossible because as people say, the first catch is the hardest to get. It is true. The competition is stiff, but there sure is a way that you can get those clients to trust you even if you’re new in the industry. Here are some ways to get those customers signing up with you.

Go for familiarity

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Doing something that you’re not used to is like walking in the shadows. You don’t know if the next move you make can make or break you. The same goes for real estate. It is best if you can collaborate what you already know to something that you’re trying to do. Put in mind that the properties listed are not always the best property to sell. You can go for some colleagues or acquaintances who are trying to acquire properties and then look around. Remember that the best jewels are the ones hidden from the public.

Referrals can do magic

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Referral is one of the lifelines for survival in the real estate industry. If you are someone who is new in the industry, it is understandable that you might not have any clients yet. It’s not something that should let you down. The question is how you can get referrals if you have no previous customers. Let’s work it this way. All of us have our personal time, and we go out to see our doctor, hair stylist, massage therapist and other things that we do. Build a good relationship with them and hand them your business card. It can also help if you can buy some treats whenever you visit. It helps people remember who are the charming ones.

If you can work your way out through these two things then surely getting clients won’t be a big problem.