All posts by Katie McCartney

Your Personal Style Stinks: 3 Quick Tips on Updating Your Home For Sale

Yeah, I am not winning friends with the title of this blog post.  But, it is true.  The average person's personal style in the home can be a turn off to those potential buyers who have no emotional attachment to those sentimental nick knacks.  

Oh, you may love those wonderful doilies that your Auntie Mae made you; but, the general populace does not.  That beautiful shade of pink carpeting and robin egg blue bathroom with large flower prints just won't cut it in today's savvy buyer market.
 
I'm not saying go and overhaul the whole house.  Renovate that kitchen, bathroom, replace all the carpeting and drop $50k to sell the home.  Nope.  Not at all.  
 
Here are 3 Quick Tips You Need to Know when Selling:
  1. Hire a Stager/Interior Designer.  They have an eye for color and item placement that will attract the public.
  2. Rent fashionable furniture at least for the pictures.  One of the hardest things to overcome when presenting a home to buyers is an empty home or furniture that does not go with the style of the home.  You do not need to IKEAize your home but finding something to fill negative space will give a sense of depth and hominess to the room.  Pictures are all about getting the buyers in to see the home.
  3. Neutralize.  Neutralize.  Neutralize.  Best thing to do is to neutralize.

Home Inspections: Important for Sellers

Yes, I stated that correctly.  Home inspections are important for sellers.  Why wring your hands about a situation you cannot control?  The game of Real Estate is all about control and who has it.  Remedies to Home Inspections are the buyers' most important control factor.
How do you eliminate the remedy possibility?  

  1. Hire your own Home Inspector.  
  2. Fix the major issues found by the inspector.  
  3. Don't allow a buyer to request a remedy.  They can still have their own home inspection to inspect your fixes. That is well within their rights.

Doing this puts the seller in the driver’s seat.  You know the issues with the home.  You have disclosed them and fixed the major issues.  The buyer has no ground to stand on, especially if their home inspection comes back with minor issues.

It's a win for the seller all the way around.  The seller knows the possible issues with the home.  The seller can correct the issues before placing the home on the market.  The seller has a more easily sold home.  Period.

Why in the world should the Home Inspections be only for buyers?

Five Advantages of Paying Down Your Mortgage

 

  1. Not having a mortgage.  Having your home scot free means that money can be freed up.  Save for your kid’s college, vacation etc.
  2. Selling at a price that  allows the home to sell quickly.  Not being tied to any financial burden can free you to be competitive in the market place and possibly create competition among buyers.  
  3. The house becomes something you maintain and take care  of with plenty of cash in the bank.
  4. The house becomes a home.  Unfortunately, we need to monetize homes to give them some sense of worth; but, a house should be viewed as a home with financial implications.
  5. The unbelievable piece of mind that you have a place and it is YOURS.

I have come to believe it is imperative to pay down mortgages and equity lines/second mortgages.  As much as you think this is a financial investment and it will increase over the years; it is also a dwelling, a home.  The bursting of the Real Estate bubble in 2007-2010 proved the point that you can NOT rely on financial gains in the future as a fact when investing in a home.  You should never have to worry about where you are going to live once you buy a property.  If you plan things correctly, you should never have to worry again.  

As a society, I believe we have been lulled into believing that debt is good and allows us access to more things.  I’m personally tired of more things.  Oh, I love my flat screen TV, my hardwood floors, and some day I want new counter tops.  I also like massages, manicures, pedicures, and facials.  But, I know they are my choices and I don’t necessarily NEED them.  I NEED a place to stay, to cook diner, to raise my family.  I tease my husband by saying that we are on a financial diet; but, I am serious when I say my goal is to live debt free.

Now, I like Dave Ramsey and his philosophy on paying off debt; but, I think you should live too while you are trying to accomplish your goal.  Make small sacrifices.  Don’t drink coffee at the cool coffee shop down the street.  Save up the money you would have paid to go there in a month and place it toward your home.  Take baby steps and then you’ll see why it is so much fun to continue to pay down that debt.

Are you trying to live debt free? I would like to hear your story…