Tag Archives: Home Seller

Home Warranty Pros and Cons

When you are selling your home, you will want to do everything you can to help your home stand out from its competition. Before listing your home, it is important that your home be very clean, decluttered, properly staged and priced appropriately. Depending on the market, sometimes even that is not enough. Another thing you could consider when selling your home is to provide a home warranty to the new buyers of your home. This can be a nice selling point for several reasons.

A home warranty covers the components of a home, such as heating and cooling systems, appliances and water heaters but usually doesn’t include minor repairs such as plumbing leaks or anything cosmetic like painting and flooring. It can be purchased at any time though they are most often purchased during home transactions. The price can vary depending on the size of the home, age of the home and the options you select. After purchasing the warranty that normally lasts for a year though you can renew it in future years. You will pay a predetermined amount for a covered repair and the remainder of the repair will be covered by the warranty company. It is imperative that you call the warranty company before contacting someone to do the work if you want the warranty company to cover the repair.

For the buyer of your home, a home warranty can offer additional peace of mind. They will have a little extra comfort that many repairs can be made using the warranty and not deplete all of their savings. While everything at home doesn’t cost thousands of dollars, it isn’t uncommon for one repair to cost more than the cost of a warranty.

For the seller, a home warranty may bring in more buyers, especially if the person is selling an older home. First-time buyers don’t always have a lot of money to put into the property, and a warranty would reassure them they won’t have a lot of major expenses.

Think of a home warranty like an insurance policy for repairs to your home. Like insurance, the warranty doesn’t cover everything but it can cover many items and give you some extra peace of mind and for a buyer may just be the thing that helps them select your home over a similar one down the street. For additional information regarding the home buying or selling process, I will be happy to answer any questions you may have, help you to find your dream home or determine the value of your existing property

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image courtesy American Advisors Group/flickr.com

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Three Mistakes to Avoid When Selling a Home

When you are ready to sell your home, there will be many things that are important for you to take care of. How do you know what’s a big deal and what isn’t so big? With emotions involved, it’s easy to lose sight of the primary goal and what matters most. Let’s start with three items that you want to be sure you make the best decision on so you don’t start the home selling process with a disadvantage.

Agent Choice
Probably, the first choice you will make is selecting the agent to work with when selling your home. Your real estate agent will help you navigate the muddy waters of paperwork, price your home accordingly for today’s market, communicate with buyers and other agents about your home and market your property online and through other methods. Choosing the right agent can make the difference between selling and not selling your home.

Price
Your price will determine if and when you sell. If you underprice your home, you will sell quickly but give up value. If you overprice your home, your home will sit on the market while you grow increasingly frustrated. The key is pricing your home just right so you attract the most interest possible that turns into showing activity and offers. This is a hard balance to achieve but an experienced agent will research your home and the current market to recommend the best price for your home.

Condition
There is nothing worse than showing up to look at a home to discover that the interior is dirty and in poor condition. Sometimes photos may not show the true picture and while you may have a few showings, if your home is in poor condition, you are unlikely to get an offer unless you have advertised the condition of the property accurately. Most people want a well-cared for home to purchase. It may need some updates but if it is filthy with chipped paint, worn carpet and other flaws, buyers will be turned off right away. From curb appeal and throughout the home, the home needs to look its best.

A little planning and consideration on your part can make selling your home go smoothly. Get the help you need when it comes time to sell by contacting me for a consultation. I will be happy to answer any questions you may have and help you determine the value of your home.

If you have any additional questions or concerns about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by HobokenHome7 from Pixabay 

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Summer is the New Spring

Ahhhhh, summer! Like many, you probably established a lifelong love of the summer season, which offered the promise of warm days, late nights and lots of fun, when you began elementary school. Across the country, many people are counting on summer to have a similar feel this year with loosening restrictions, an improved economy and hopefully a little more fun than spring. This year, more than ever before, we hope summer will offer a boost to the real estate market as the current momentum hints that we may see activity levels we generally see in the Spring. Due to the COVID-19 pandemic, the Spring market real estate agents have come to love was almost non-existent. As travel was halted, everyone stayed home and the country was on hold in so many ways, the real estate market saw an uncharacteristic drop in activity during March and April. Some markets did see activity begin to pick up in May and June continued that trend.

The good news for you if you are planning to sell your home is that you didn’t miss the best window of opportunity this year. In fact, now is better than ever. Increased demand after months of the unknown has buyers making offers quickly, sometimes without seeing the home in person and in many cases, sellers are receiving multiple offers since buyer demand is greater than the available inventory.

If you are hoping to capitalize on the momentum, it’s time to act now. Start by calling your favorite real estate agent (that would be me) and let’s talk about the current market. We will want to discuss your property as well as the market conditions and the changes to the real estate market that are related to the pandemic. Like many things, real estate agents have adapted to the new normal and are working to safely list, market and sell your home without causing unnecessary risk to your family.

We have implemented lots of different ways to help you sell your home virtually including online appointments, enhanced virtual tours of your home for marketing purposes, electronic paperwork and much more. All of these items will come together allowing us to sell your home without increasing the exposure to you. If you have sold a home before, you may notice a few changes in the way I serve you but not in the overall outcome and the customer service you receive. If you have questions about the current market and what you can expect moving forward, give me a call today. I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by Gerd Altmann from Pixabay 

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What to Expect if You are Selling Your Home Virtually

In this day and time, as we limit our in-person contact, selling your home presents some unique challenges. Your agent will need access to your home and buyers that are searching for a new home will need to view your home to determine if they like it or not. Technology has made this easier than ever so there are some unique ways to make all of this easier. Here is what you can expect if you are selling your home during this virtual time.

Start with the agent accessing your home. For first meetings, consider handling them over the phone. When it comes time for the agent to view the home, you could use Facetime or Skype to show them your home or have them come in person while wearing a mask and gloves to do their walk through. During the walk through, you can stay on opposite sides of the rooms you are in and then continue your conversation outside after they have seen the inside of your home. To prepare your home to be shown on the Internet, a photographer will need access to your home, but they can use the same precautions as your agent to limit contact by social distancing and wearing protective equipment.

One way for buyers to get a good sense of your home is by accessing a virtual tour. These tours come in many different formats and allow the buyer to see many photos of your home and in some cases walk buyers through your home as they view the photos, so they understand the layout. While these options may not give them the confidence to make an offer, they will allow many buyers to eliminate the house or determine that is likely to be a good fit. Having these virtual options available to buyers will decrease the number of buyers that need to see your home in person.

For buyers that are still not quite sure, an agent could visit the home and show it to them via FaceTime or Skype so there are fewer people in your home. Assuming the buyer likes everything they have seen about your home online, they can then schedule an in person visit to your home where they will wear masks and gloves and limit touching of surfaces. You should leave doors to all rooms and closets open and all lights on, so they don’t have to touch those surfaces while in your home.

After you successfully negotiate a contract on your home, which can be signed electronically, expect closing to look a little different. In recent years, home closings have been attended by many people including the buyer and seller, real estate agents from both sides, mortgage lenders and the closing agent. These days are over. Expect the buyer and seller to sign documents separately and only the closing agent to be present. This will allow you to limit your contact to as few people as possible while still accomplishing all of the necessary requirements for selling your home.

If you have any additional questions or concerns about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by Gerd Altmann from Pixabay 

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Should You Update Your Home or Sell It As-Is?

When you decide you are ready to sell your home, there will be many decisions to make like selecting a firm and agent to represent you, determining the list price and when you want to list your home. Before you get to the listing stage, you will need to determine if you plan to sell your home as-is or if there are improvements you want to make before listing.

Improvements come in all different sizes so depending on the age and condition of your home, there may be small improvements you can make or larger improvements that can change your home significantly. If you want to sell your home for its maximum value, it will need to be updated and have all systems in working order. What if your home is not in that condition currently? Is it worth making changes? It depends on what needs to be done and how much it will cost.

If your home needs repairs (not updates) like a new roof or repairs to an HVAC system, those should be made. When homes have major components that are not working, buyers will likely offer significantly less for a home. If your home is just dated, the updates are likely to cost more than the return they will be bring so it may not be wise to proceed with updates if the only reason is to increase your value. Depending on the market you live in, it may be necessary to update your home to help it sell if you live in a competitive market. If your home is not updated, you will want to remember that you will not be able to price your home the same as an updated home that recently sold because it won’t be comparable.

If you are thinking about making updates to your home but plan to live in it a few more years, the return is likely to be worth it. Historically, homes appreciate on an annual basis, so the appreciation coupled with the enjoyment you get from the updates you make to your home, are more likely to make the updates worthwhile. There are also some updates that usually have a greater return on investment than others.

When you are trying to decide what is best for your situation, you do not have to make the decision alone. As your trusted real estate advisor, I am always willing to have a conversation about your real estate investments and offer advice based on my experience and knowledge. I am available to you before, during and after the sale for real estate advice not just when it is time to sell.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by Jesse Bridgewater from Pixabay 

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Prep Your Yard for Spring

Spring is officially here and thanks to the Coronavirus, you should have more time at home than ever before to make your yard look its best. If your yard has been neglected throughout the winter (or maybe for years), where should you start to help it look its best?

Start with a vigorous raking of your yard. You probably raked in the fall to clear the leaves that had fallen but spring raking has a different purpose. The primary reason for spring raking is to clear the thatch that has built up over the winter. While raking, you will also have the chance to see if there are areas of your lawn that need special attention.

Spring is the perfect time of year to apply preemergent herbicides. These herbicides will help prevent the growth of weeds as the grass starts to grow. As the weeds begin to grow, you will want to pull the weeds or apply a postemergent herbicide to stop their growth.

As you prepare for your first cut of the season, do not forget to tune up your lawn mower, weed eater and other equipment so they are ready for the season ahead. After your equipment has been prepped for the season, it is a good time to give your lawn its first cut of the year. For the first cut, raise the deck on your lawn mower to its highest level to cut your yard. This will allow your lawn to look a little cleaner and give young grass a chance to grow before you start cutting it regularly.

After you have prepared your grass, it is time to give the rest of your yard some attention. Add some bright flowers, freshen your mulch and shape the bushes so your yard looks its best. If you are thinking about selling your home anytime soon, these preparations are a great first step toward increasing your curb appeal. If you would like to talk about the current real estate market and the value of your home, give me a call today.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by aedrozda from Pixabay 

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The Paperwork of Selling a Home

If you are thinking about selling your home, you will want to understand the paperwork that the agent will have you sign when you list your home. There are different kinds of listing agreements you may choose to have with an agent, and it is important to understand the differences so you will make the right decision for you.

Exclusive Right-to-Sell Listing. An exclusive right-to-sell listing is the most common listing type and the majority of real estate listings fall into this category. The listing agent has complete control of the transaction and so even if the seller, the listing agent or a cooperating selling agent finds an acceptable buyer, the listing agent will still earn the sales commission for the duration of the listing term.

Exclusive Agency Listing. An exclusive agency listing contracts one agent to sell the home. If that agent, or any other licensed cooperating agent finds an acceptable buyer, the seller must pay a sales commission. The owner still reserves the right to sell the property by themselves and thus avoid paying a commission. The broker is free to cooperate with another brokerage, meaning the second brokerage could bring an able buyer whose offer the owner accepts. Typically, the broker is paid a listing commission that is shared with the selling broker, so the owner pays both fees.

Open Listing. An open listing is almost like a “for sale by owner” listing. It is a non-exclusive agreement, which allows the owner to execute open listings with more than one real estate broker and pay only the broker who brings an able buyer whose offer the owner accepts. However, no commission is owed if the seller finds a buyer on his own, without any agent’s help. The open listing creates competition between the seller and agent(s) to find a willing buyer.

Multiple Listing Service. The multiple listing service (MLS) is not a listing type but is an important marketing tool for listing agents. This allows all the listing information as well as photos of the property to be shared online and is frequently syndicated to thousands of websites from here for maximum exposure.

Pocket Listing. A pocket listing is a variation of any of these listing types that doesn’t get placed in MLS. These listings may be marketed online by the listing agent but without going in MLS, they don’t get the same exposure as listings that do.

The listing agreement isn’t the only paperwork you will have to complete but it is an important piece. In most cases, you will need to fill out disclosures that share details about the home and the condition of the home. There may also be agency agreements that explain an agent’s obligations to you. The disclosures will be provided to interested buyers while your property is listed to give them more information about the home.

When you are listing your home, take time to read the paperwork and ask questions. In most cases, it is pretty straight forward and easy to understand. It is important to understand that a real estate listing contract is a legally binding agreement that outlines the rights and duties of the seller and the agent. Keep in mind that all listing contracts have expiration dates, so you aren’t committed to an agent forever if something doesn’t work out. When you are ready to list your home, let me know and I will be happy to go through the paperwork with you and answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by aymane jdidi from Pixabay 

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Cash Always Wins When Selling Your House

Have you been thinking about selling your home for a while now and finally are ready to take the leap? When buyers are looking for a home, there are many options they can choose from to finance the home. In the majority of instances, buyers will be taking out a mortgage on the property to cover the cost of it. Mortgages come in all sizes and styles so well-qualified buyers will have many options to choose from. If the buyer of your home is in a position to pay for your home with cash, there can be some additional advantages to selecting a cash buyer for your home over one who will need to secure a mortgage. Here are three reasons to keep your fingers crossed that your next homebuyer will have cash in the bank to cover their purchase.

  1. One of the most challenging parts of buying a home can be the inspections, especially if the home is less than perfect. Is your home a fixer upper or does it have any kind of major flaw? Inspections can reveal all kinds of problems and if the buyer is getting a loan on a property, the lender may require that certain repairs be made to ensure the property meets their lending criteria.
  2. Like inspections, an appraisal is required when a buyer is getting a mortgage. The lender will require the home to be worth at least as much as they are paying for it. If your property is in an area with climbing values and you were fortunate enough to have multiple offers on your home, the contract price may have escalated beyond your home’s market value. If the appraisal doesn’t come in as high as the price the buyers agree to pay for your home, they won’t be able to get a loan for the property unless they have cash to make up the difference.
  3. If you are hoping to sell your home super-fast, a cash buyer can make that happen in weeks or sometimes even days. Selling a home doesn’t have to stretch out for months. It is the lenders that generally make that happen while homes are in underwriting. Selling a home to a cash buyer can be a quick and easy process.

Understand that the number of cash buyers in the home buying market is smaller than others but if you have a cash buyer interested in your home, you may want to negotiate differently with them since the process will likely be smoother. If your property has flaws, searching for a cash buyer may be the only way to go and can help you ensure your property closes. If you have any additional questions or concerns about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by NikolayFrolochkin from Pixabay 

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Get a Jump on the Spring Listing Season

In many real estate markets, the number of homes for sale skyrockets each Spring as sellers list with the hope of selling during the busy home buyer’s season. If you are wanting to sell your home this Spring, get busy now so you can be on the market as soon as possible. Here are eight things to do now so your home is show ready when you list.

  1. Schedule the pressure washer. No matter what your home exterior is made of, something at your home needs to be pressure washed. From the deck to the siding or the driveway, you likely have some buildup somewhere that can be washed away by the pressure washer in an afternoon. Don’t underestimate the impact something this simple can have on your home.
  2. Spend a weekend in your yard or schedule the landscaper. Curb appeal is extra important if you want buyers to schedule an appointment to see your home. A messy yard will turn people away before they step inside. After the yard is neat, add some flowers with a pop of color to catch people’s attention.
  3. Get a jump start on spring cleaning. Your home should be the cleanest it has ever been. This is the time to dust all the cobwebs away, wax floors, have your carpets steam cleaned and anything else you have been putting off. Don’t skip the corners.
  4. Clean out clutter the Marie Kondo way so your home shines and people aren’t distracted by the stuff in your home.
  5. Even if you have decluttered, your home may still have more furnishings than it should. Rent a storage unit and remove excess items from your home. Your home should look inviting. Open space will help with that so pack away what you don’t need so buyers have an easier time picturing themselves in your home.
  6. Clean off your countertops. Bathrooms and kitchens look better and more spacious without appliances and things covering the counters. Put away the coffee pot and utensil holder in the kitchen and the hair dryer and tissue box in the bathroom. Select one statement item for each space and keep the rest in the cabinets.
  7. If you have repairs you have been putting off, get them done now. The last thing you want is a contract that falls apart during inspections. The inspector will find the issues you know about plus some that you probably don’t. Fix everything you can to give your home its best chance of selling at the price you want.
  8. Talk to your agent about pricing and listen to their advice. I promise your agent wants your home to sell for as much as possible, but they can’t do magic. Your agent will base their recommended price on recent comps, which is also what the appraiser will do, so listen carefully and use that information to determine the perfect price for your home.

Selling your home can be stressful but it doesn’t have to be. With these tips and a professional agent, your home will be ready to list ASAP. If you have any additional questions about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by Francesca Tosolini from Unsplash

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Selling a Home that Isn’t Move-In Ready

When you are selling a home, many buyers are looking for a perfect home that they can move right in without having to make many updates. While a few homes are perfect, most are not. Even homes that are perfect for the current owner may not be perfect for anyone else. What we are really talking about isn’t homes that need minor changes but homes with flaws that will almost certainly need to be corrected by the new owner. If you are trying to sell a less than perfect home, how do you appeal to buyers that are looking for that kind of property?

  • Price is key. You can’t price your home in comparison to other homes that are move-in ready. Take into account the major items that need to be updated and repaired and adjust your price to compensate for that work. This won’t be a dollar for dollar comparison because everyone will choose to make different updates but average pricing for necessary repairs should be applied to the value of the property.
  • Consider having a home inspection completed prior to listing the home and share that inspection with prospective buyers. This will allow prospective buyers to know if there are any major issues with the home aside from any cosmetic updates they choose to make.
  • Make sure you are upfront with your real estate agent, so they know what you are willing to do and not do when it comes time to negotiate an offer or repair request. While you will still be making the decisions, knowing where you stand up front can help them better represent you and keep you informed if they think your approach is unrealistic.
  • Don’t reject an offer based on the buyer’s first offer without making a counter offer. Some buyers are just fishing for a deal but can be realistic when you negotiate.
  • Try to separate your emotions from the sale. As hard as this can be, base your price and negotiations on recent comparable sales and not on your fondness for the house.

If the property you are selling was a great home for you, know that it will be that for someone else too. Approaching the sale of the property realistically is the greatest chance for someone else to turn your house into their home. If you have any additional questions about selling your home, I will be happy to answer any questions you may have, help you to find your dream home and/or determine the value of your existing property.

 

Nancy Davidson
Mammoth Village Properties
760 937-2301 mobile
nancy@mammothcountry.com
www.MammothCountry.com
CA Broker’s License #01264041

Nancy Davidson is your ultimate real estate resource for Mammoth Lakes, CA and The Eastern Sierra. Visit my website for detailed information regarding today’s real estate markets.

Image by David Mark from Pixabay 

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