Mike O'Keefe's Blog
Selling a home for the first time can be tricky. In fact, first-time home sellers often make mistakes that prolong the home selling process. Perhaps even worse, these errors may cause a home seller to miss out on opportunities to optimize the value of his or her residence.
Now, let's take a look at three common mistakes that first-time home sellers make, as well as ways to avoid these problems.
1. Setting an Unrealistic Initial Asking Price
Although you might have paid a hefty sum for your house a few years ago, what your home was worth then is unlikely to match its current value. However, if you set an unrealistic initial asking price for your residence, you risk alienating dozens of potential buyers.
Before you set a price for your house, it pays to perform plenty of housing market research. That way, you can see how your home stacks up against the competition and price it based on the current real estate sector's conditions.
Furthermore, you may want to conduct a home appraisal prior to listing your house. Following a home appraisal, you'll receive a property valuation to help you establish a competitive price for your residence.
2. Failing to Provide Full Details About Your House
No home is perfect, and a home seller who withholds information about his or her residence risks wasting precious time and resources. To better understand why this may be the case, let's consider an example.
If a home seller fails to include information about a faulty heating and cooling system in a home listing, a buyer will be unaware of the problem. A buyer then may submit an offer on this house that a seller accepts. But during a home inspection, a property inspector likely will discover the defective heating and cooling system, which leads the buyer to rescind his or her offer. And at this point, the seller will have to restart the home selling process from square one.
When it comes to selling a home, it helps to be honest. If you provide full details about your residence, you can help a buyer make an informed decision and reduce the risk of that a purchase agreement will fall apart after a home inspection.
3. Choosing an Ineffective Real Estate Agent
A real estate agent should have a seller's best interests in mind. As such, this housing market professional will collaborate with a seller throughout the home selling journey to ensure a seller can optimize his or her earnings.
Unfortunately, not all real estate agents possess the same skills. But if you evaluate a variety of real estate agents, you can increase the likelihood of finding one who matches or exceeds your expectations.
Employ a real estate agent with a proven reputation. And if you're uncertain about whether a real estate agent can help you achieve your home selling goals, it usually helps to request client referrals from this housing market professional.
Streamline the process of selling your home – avoid the aforementioned first-time home seller mistakes, and you can boost your chances of enjoying a quick, profitable home selling experience.
You probably know that in your home surface cleaning is much different than deep cleaning. Once you get the right spots down that need to be dusted, next, you need to vacuum up all of that dust and dirt. A well-vacuumed house is a happy house (and a dust bunny-free home!) The areas listed below are easy to miss, but once you get the hang of cleaning them, your home will be that much cleaner.
Between The Chair Cushions
Your kids may surf the couch cushions for extra change, but there’s another treasure to be had under there: plenty of crumbs and dirt. People eat on the couch and hang out there a lot. That means there’s dust, dirt, crumbs, hair, and more under those cushions of each chair in your home. Take the time to vacuum and get up all of the gunk.
You probably go up and down your stairs at least a dozen times a day, but do you always take the time to vacuum them? The problem is that it can be hard to find an outlet for the vacuum and it can be a pain to move the attachments in order to get in all of those nooks on the stairs. Your best bet is to use a separate vacuum all together on the stairs. Use a lightweight cordless unit to make your life easier.
Your windows and window treatments are most likely neglected. Take the time to vacuum these up the next time you have the vac unit out. Curtains and blinds can harbor a lot of dust that’s difficult to remove. Use the brush attachment to achieve squeaky clean windows.
You wipe your feet on it every time you come in the house, but o you remember to clean it? Start by shaking out the doormat outside to get loose debris off of it. You should take the time to vacuum up dirt and debris that collects around the doormat to keep anything leaves or dirt from entering further into your home.
This part of the house may be a less obvious place to vacuum. If your lampshade is dirty, the light won’t correctly shine through the lamp. Remove the lampshade then use a hose attachment to remove dust from the inner and outer portions of the lampshade.
The next time you change your bedding, flip your mattress, or the seasons change, take the time to vacuum your mattress. Dust mites and all kinds of things can be harbored in the mattress. It’s important to give your bed some TLC every once in a while.
If you're on the fence about whether to attend an open house, there is no need to worry. Ultimately, it is always better to err on the side of caution, especially if you're on the hunt for your dream home. And if you attend an open house, you may be better equipped than ever before to determine whether a particular residence is right for you.
There are many reasons why you should attend an open house, and these include:
1. You can assess a house both inside and out.
An open house provides a stress-free opportunity to walk through a house and examine it on your own. As such, an open house is a can't-miss event, particularly for a homebuyer who is actively seeking the perfect residence.
Of course, an open house enables you to learn about a home's condition both inside and out. And if you find that you like a home after you attend an open house, you can always set up a one-on-one home showing with a seller's agent or submit an offer to purchase.
2. You can envision what life may be life if you purchase a particular home.
It's one thing to look at pictures of a home and imagine what it would be like to live there. However, homebuyers who want to do everything possible to find the right residence should attend an open house to fully capture what it may be like if they purchase a particular residence.
Remember, how a home makes you feel can have far-flung effects on your decision about whether to submit an offer. And if you attend an open house, you may quickly discover whether you can picture yourself as the owner of a residence. Or, if you find that you are uncomfortable with a home, you can instantly move on and pursue other houses.
3. You can obtain home insights that you won't necessarily find in a house listing.
A home listing often contains details about a home's age, recent house upgrades and other pertinent information. But a home listing alone rarely provides you with all of the insights you need to make an informed decision about whether to submit a homebuying proposal.
During an open house, you can ask a seller's agent lots of questions about a residence. This will enable you to obtain insights that you otherwise may struggle to discover in a home listing. And as a result, you'll be able to make the best-possible decision about how to proceed with a residence.
Clearly, there are many reasons to consider attending an open house. If you need extra help as you pursue residences and debate whether to attend open houses, you may want to hire a real estate agent. This housing market professional can offer expert guidance throughout the homebuying journey. By doing so, a real estate agent will make it easy for you to find your ideal residence in no time at all.
Whether you’re moving in for the first time with your boyfriend or girlfriend or you’re moving in with a spouse, the thought of breaking up can be scary as far as your property is concerned. Even if you’re simply living with a roommate, rents are awfully high throughout most of the country. It’s difficult to make rent payments from month to month on your own. It’s helpful to live with another person, but what happens if and when you part ways?
At best, living with another helps your to manage your finances and gives you some companionship. At the worst, living with someone can be one heck of a financial and emotional roller coaster.
Whatever type of relationship you have aside, trying to figure out who is leaving the property and who is taking what can be a bit of a headache. Even when lawyers are involved, the process can get messy. There are a few different ways that the situation can be handled before you both need to go your separate ways.
Ideas For Coexisting
Many times, you may need to live in a space where you’re uncomfortable for awhile before you are able to part ways with the person you’re living with. Here are some ideas to get you through the transition period:
- Live together yet apart
- Stay in separate rooms, work different shifts
- Put beds in separate places
Try to have one partner buy the other out. If one roommate needs a couch and you have no interest in it, let them buy it. Splitting things evenly isn’t always possible, but sometimes need can outweigh the messy process of dividing property. Do what’s best for you and any pets involved in the process. This is a basic rule of thumb that can help you through the process of dividing your property.
Who Stays On The Property?
Once it has been established that the two of you will coexist for some time before you go your separate ways, you’ll need to decide which one of you (if either of you) will stay on the property. Generally, if you’re under a lease, it will be much more financially sound for one person to take over the lease and for the other person to go. This can save on costly fees involved with breaking the lease. If you’re thinking of subletting the place you’re living, be sure to check on the restrictions in your area or made in your rental agreements.
No matter who you are living with, going your separate ways can be difficult. With a little communication, the process can be executed smoothly.
A pantry is a coveted feature for many homeowners. Especially those come from small apartments or houses. No more stacking items like the Leaning Tower of Pisa or reaching back into the endless depths hoping to land on your favorite spice mix.
However, all the extra space can cause a new organizational problem - there’s so much that you don’t know what to do with it. If finding ingredients has become an aerobics exercise from searching them top to bottom each time you cook today’s article is for you.
Instead of tall jars opt for flat square stackable containers. By taking up more surface space and less height they can’t hide behind one another. Label each container so you know at a glance which is flour and which powdered sugar.
Take advantage of the space your pantry door provides. Install hooks to hang pans or lids down the length of the door. Or for a weekend craft project install a large magnet and put spices in little jars with metal lids. You’ll just want to make sure your magnet has a strong enough hold that all of your jars don’t come crashing down each time the kids inevitably slam the door shut.
For ultimate organization install a chalkboard along the inside (or outside) of your pantry door for an ongoing shopping list. Add a small lip to hold some chalk so anyone in the family can add on to the list when they finish up the last snack of the bunch. This helps cut down on time spent taking inventory of your home staples and which need to be restocked.
Take advantage of space below shelving in your pantry with crates. These are great for storing the aforementioned kid snacks, baking items and extra items you stock up on to stretch the time between shopping trips. Install wheels on the bottom to make them easier to pull in and out or into the main kitchen area.
Create zones throughout your pantry with items like under-the-shelf racks, stacking shelves, lazy susans, and clear bins. These not only help you keep like-items together but also to capitalize on the space you have. Label bins to help the rest of your family keep things tidy. Under-the-shelf racks are great for more delicate items like bread and root vegetables to stay up and out of the way from the threats of cans and jars.
Alternatively get creative and use a shower caddy or magazine rack hung from the inside of the door for your root vegetables and bread. Measure the space between the door and shelf when closed to ensure the correct depth or match the spacing between each so the height of bins matches that of shelf spacing.