Mistakes to Avoid When Selling Your Home in Mooresville NC

August 29th, 2013

Lucky is the homeowner who has experience with selling a home. First-time sellers have a steep learning curve ahead of them and many obstacles on the road to a successful sale. Although common with first-time sellers, some of these obstacles aren’t obvious.

 

1. Not Preparing the Home for Sale

“Dress your house for success,” is probably the best advice for home sellers. Just as you wouldn’t attempt to get top dollar for a car without cleaning the interior and detailing the exterior, so it goes with the sale of your home.

Cleaning the house is the first step because, face it, nobody will buy a dirty house. But, here’s incentive for you to put on the rubber gloves and drag out the cleaning supplies: Clean houses sell quicker and for more money.

According to a recent survey, commissioned by one of the big real estate companies, a $402 investment in cleaning and decluttering a home realizes a 403 percent return on investment. That is a whopping $2,024 in your pocket at the closing table.

As impatient as you are to move on to the next phase of your life, it is vitally important to get the cleaning, painting, repairs and staging done before the house goes on the market.

2. Not Pricing the Home Realistically

The first few weeks that your house is in the local Multiple Listing Service database are known as the “honeymoon period.” This is the time when it will get the most traffic. All the traffic in the world, however, won’t compensate for a too-high price.

Buyers aren’t ignorant and neither are their real estate agents. They are well aware of current market values in the areas they are searching and will know that your home is overpriced. In the meantime, you’ve wasted the honeymoon period. By the time you lower the price, agents and buyers will think there is something wrong with the house.

3. Not Hiring a Real Estate Agent

Yes, you will pay a real estate fee when the home sells. The flip side to hiring an agent is going it alone. If this is your first time selling a home, that would be a huge mistake.

First, unless you are a lawyer, how will you know how to protect your interests during the process? How will you understand the contracts and which ones to use when? Then, consider the negotiating process. Without an agent to advise you or to negotiate for you, you may make costly mistakes.

Finally, a 2008 Stanford University study showed that “the use of a broker increases the probability of a sale during the first month on the market by nearly 25 percent.”  In other words, homes sold by owners remain on the market significantly longer than those sold by real estate agents.

4. Trying to Hide Problems

 

Full disclosure of everything you know about the property is not only the law, but it protects you as well.

Home sellers are legally required to disclose anything that affects the home’s desirability or value. This doesn’t mean just the big stuff, but neighborhood nuisances such as the weekly parties the college kids next door hold or the yappy dog that keeps you up at night.

A buyer can sue you in a court of law when the defect is discovered if you didn’t disclose it, in writing.

Remember, you are only required to disclose issues that you know about. There is no need to hire an inspector to learn if the house has defects you don’t know about. That is the buyer’s responsibility.

5. Letting the Ducks Run Wild

Many first-time sellers are also purchasing another home. Trying to juggle two real estate transactions is challenging, and it’s easy to let some of the details fall through the cracks. When that happens, though, you risk derailing either – or even both – of the transactions.

Line up all the stray ducks early in the process. Get your financing for the new home under way, and respond to the lender’s requests in a timely fashion. Check your current mortgage for prepayment penalties. In the case of a short sale, determine if there is a second lender. This is important information for your real estate agent.

6. Being Inflexible

Buyers look at houses when it is convenient for them, not for you. Many look at homes after work or on weekends – busy times for most families. It’s important to try to accommodate showings, even if it’s inconvenient for you.

You never know, these may be the buyers who fall in love with the home. It’s important to understand, and let your family understand, that, although the situation is uncomfortable, it’s only temporary.

7. Not Checking With Your Homeowner’s Insurance Agent

There will hopefully be a lot of people coming through your house and wandering around the property. Find out if your insurance covers slips and falls or anything else that might happen to a buyer while touring your property.

Take the time to walk around the property to find any hazards that exist. Cover the pool during showings and remove pets.

With the right real estate agent you’ll avoid most of these mistakes, experience a smooth transaction, and soon be on the road to your new life.

Courtesy Market Leader

How to Decorate Your Deck For Less in Your Mooresville Home

August 29th, 2013

DECORATE YOUR DECK FOR LESS!!!

The deck is a great, and sometimes underestimated, place for entertaining. A well-decorated outdoor space provides the perfect ambiance for gathering with friends and family, grilling and enjoying the extra time surrounded by nature.

Decks can be transformed with simple solutions, including a variety of plantings, intimate lighting and an array of colors. Get inspired with these deck design ideas to decorate your outdoor space.

Heat-Resistant Blooms

Plants are the most important feature on your deck to create an environment that embraces being outdoors. Nothing is worse than a sterile wasteland of deck space. Potted plants are a simple addition to a deck to add lush greenery and vibrant color. But, overexposure to the elements can fry your beautiful plants, so be sure to consult the experts at your local nursery to select plants that can withstand the heat.

For color that lasts, a few examples of heat-resistant blooms include Angelonia, or the summer snapdragon, with its purple, white or pink flowers. Canna is also another perfect plant for creating a tropical look with large leaves and bright flowers in shades of red, orange, yellow, and pink. Lantana produces multicolored flowers in welcoming shades of red, orange, yellow, pink, and white and is a favorite for butterflies. Butterflies also love the starry clusters of Pentas flowers. Flowering vines with large blooms, like Mandevilla and Passionflower, are great climbers and could be used as colorful backdrops on the deck, either climbing the walls of the house or a tall framework on the deck.

If you are looking for greenery options without the blooms, bamboo is easily grown in containers and creates a lovely, tall green space on your deck. With its big leaves, the banana plant can also do well in large, colorful pots and makes a great big presence out on the deck. As long as you don’t have children around to get hurt on the sharp leave tips, a potted Agave is perfect for some architectural flair.

Shade Solutions

Nobody wants to melt in the sun or run inside when it rains. Your deck should offer at least one space that serves as respite from direct sunlight and the weather. Say no way to the boring eyesore of the oversized table umbrella. There are many shade solutions to consider when decorating your deck. Large canopied awnings (freestanding, framed and bolted into your deck, or retractable), DIY shade alternatives (hand-built pergolas with heavy vine coverage or awning fabrics), and inexpensive sun blockers like portable tents are all options to explore. They will keep your deck cooler and screen out harmful ultraviolet rays.

Deck Furniture

The best options in outdoor furniture are pieces that are low-maintenance and positioned like a cozy room in your home. A large sturdy table and inviting chairs will create the feeling of an outdoor room. Select a table that’s large enough for your family plus guests. Chairs should be comfortable for lounging and encourage family and friends to linger. Add extra pillows to dress up the seating areas. Choose fabrics, colors and patterns that will play with the color in your plants, creating the perfect backdrop for relaxation.

Accent Lighting

A well-decorated deck is only enjoyed when it is seen. As the sun sets, the stars appear and your guests begin to arrive, the ambiance becomes ideal for entertaining. Selecting the right accent lighting for your deck is necessary for safety, sight and overall aesthetics. A nice balance of lights on railings, stair risers, posts and along other deck bases will create a welcoming atmosphere after dark. “Lightscaping” is the way to go, and there are many options on the market for deck lighting, including solar lights and LED options. Have fun with your accent lighting selections, and highlight your perfect outdoor destination. The deck should be a place to enjoy solitude or the buzzing of friends and family during the day or evening hours.

Courtesy of Market Leader