Tag Archives: homesellers

The Benefits of Virtual Home Staging

Virtual home staging has greatly increased in popularity in recent years. The benefits of home staging are significant and can help homes sell faster and for more money. With traditional staging, a home staging expert or interior designer will make design updates to a home to help buyers visualize the greatest potential. Home staging can be costly in some cases depending on if furniture needs to be rented if the home is empty, how long staging is needed for and the location you live in. With virtual home staging, a photographer can add the same staging elements to a photo that a stager would add to the home, so the photos are more appealing. With virtual home staging, what are the benefits?

A picture is worth a thousand words is a very popular saying and with virtual home staging, a poor photo can become superior. When homes are empty, cluttered or have dated furniture, visual enhancements can improve that. In some cases, a home may be so full of furniture, you can’t see the home itself. Virtual staging can remove the furnishings and clutter so you actually see the home that you would purchase.

Another great use for virtual staging is to update dated furnishings so the home looks fresh and modern. Dated furnishings and those in poor condition can give buyers a negative perception of a home and that is the last thing you want. Another use for virtual staging is to change the use of a room. A homeowner may have not wanted a dining room and be using it as an office or playroom. Use virtual staging to show additional options for the space other than its current use.

Virtual home staging takes less time and resources to complete than traditional home staging so you will not spend as much money to help the home look its best. With the popularity of internet home searches at an all time high, staging photos virtually will allow many prospective buyers to see the best photos of your home so they aren’t turned off by original images that make your home look less than appealing.

Virtual staging has risen in popularity in recent years and is still climbing. With buyers visiting fewer homes in person before making an offer, virtual staging can help your home put its best foot forward and allow potential buyers to better envision themselves in 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 p_kennedy123 from Pixabay 

_________________________________________________________

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 

————————————————————————-

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 

_________________________________________________________

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 

__________________________________________________________________________

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 

——————————————————————————————-

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 

____________________________________________________________________________________

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 

_________________________________________________________________________

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 

_______________________________________________________________

The Importance of Your Online Presence

When you list your home for sale, one of the most important steps will be preparing your home’s online presence so it is ready for the public to view it online. If your home looks uninviting when it first shows up online, it may be hard to overcome that and capture positive attention in the future. In today’s market, almost all buyers start their home search online. In the current real estate market, homes are presented with virtual tours, 3D walk-throughs, video and more options that allow prospective buyers to step inside your home like never before. It is important that your home look its best when all of these marketing tools are created so it will appeal to as many buyers as possible.

A Pew Survey conducted in early-2019 revealed 81% of U.S. adults own a smartphone. With smartphones in so many hands, your home has an increased potential of being seen by these individuals. Once they see your home, they will eliminate it from consideration if they don’t find it appealing. This has some important implications for folks with houses on the market. You need to ensure that your listing gives a potential buyer the best possible picture of why they should consider your property at the price you want for it. Whether you’re selling on your own or have the help of a real estate professional, you need to consider the following:

A picture is worth a thousand words, and a great picture of your home will push buyers to schedule an appointment to see your home in person. This is the step that will then help them want to make an offer on your home. As visual creatures, we’re never going to get past that first impression. You must make sure that the photos you use in your listing capture the best possible image of your home. You want a buyer to not just see your home but see themselves living in your home. This isn’t the time for an amateur (yourself included) so enlist the help of a professional. You’re not looking for anything tricky or deceptive. But a working knowledge of framing and light can yield a picture that’s just a little better and more likely to catch the eye of browsing buyers.

The words used in your listing are also extremely important. You want the description to strongly sell the best aspects of your house, and to complement and reinforce the photos being used. Longer is not necessarily better. Short descriptions that evoke powerful, positive images in a reader’s mind are always best. Also, no one is going to intentionally misspell words or use incorrect grammar, but mistakes happen and will make your home look bad. Make sure to have your listing proofread for any mistakes so it will be perfect when it shows up online.

Once your listing goes online, you may want to double check how it looks on the web as well as on the most common real estate apps. Making your home look its best is important and you won’t get a second chance so take your time and make sure you get it right the first time. 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 Jens Neumann from Pixabay 

____________________________________________________________

Help! My House is Under Contract but my New Home Isn’t Ready

When you are selling your current home and buying a new one, there is a lot that goes into the process. You will start with listing your home, marketing your home and finding a buyer for your home. Once you find a buyer for your home, you will then know exactly when you have to move out of your home. What happens if you haven’t found a new home to buy yet or you can’t close on the new home in time to move everything out of your old home?

There are a few different things you can do to ensure a smoother transition between houses. One option that you might consider is asking the new buyer of your home if they would consider delaying closing or letting you rent back the house for a period of time after closing. Once they start the loan process, they will have a limited amount of time to close on the home so it may not be an option for them to close later but if they have another place to live and don’t plan to move right away, they may be willing to let you stay in the home for a period of time. This is a great option to avoid having to move more than once and would be first option to explore.

If staying in the home beyond the closing date isn’t an option or the buyer isn’t willing for you to stay, you might consider a short term furnished rental or an extended stay hotel. The benefit to this is that you don’t have to worry about moving your furniture multiple times. You might also consider asking family or close friends if they have room for you for a short period of time until your new home is ready.

Even if you can’t work out any of the previous options, you can always do a short-term rental until you close on your new home. Depending on the size of the home you rent, you will likely want to store some of your furniture and other possessions that you don’t need to have with you the whole time. Moving is time consuming and a lot of work so if there are things you don’t need, put them in storage and save yourself as much time as you can.

Every situation is different so it will take some time figure out the best scenario for you. If you are struggling to come up with the right solution, talk to your real estate agent. They have helped many people move and have a wide range of resources they can tell you about that you may not have considered. 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 mohamed Hassan from Pixabay 

_______________________________________________________________________