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Real Estate Tips June 6, 2023

Home Inspections are Important

Home inspections are an important part of the home buying process.  The purpose of a home inspection is to provide buyers with an overview of the property’s condition and identify any potential problems or safety issues that may need to be addressed.   I always recommend that buyers have a professional home inspection conducted.  While each inspection is unique and findings can vary depending on the age, condition, and location of the home, following are some items that I typically see.

Electrical Issues:  Open ground outlets or missing GFCI outlets in wet locations.  Codes have changed over the years, and these are typical to find in older homes.  Homes built from the mid-60’s to mid 70″s may have aluminum wiring.   Homes built from the 50’s, 60’s, any 70’s may have “cloth” wiring.  Aluminum and cloth wiring can drive up insurance costs or potentially prevent a new owner from obtaining insurance.

Plumbing problems: Dripping faucets or shower heads pop up often on reports.  Slow running drains will often be called out.  Inspectors will typically notate the age of the hot water heater as well.  Insurance companies like to see newer hot water heaters that are preferably located in the garage.

Wood Rot:  This is important for the Emerald Coast.  Termites and other wood destroying organisms love rotted wood.  Typical places to find wood rot are at the bottom of exterior doors and door frames.  This includes garage door frames.  You will also find wood rot on decks and fences.  If there have been past roof or shower leaks, there could be wood rot in the attic or behind shower walls.

Lighting:  I am often surprised how many times lighting is called out.  If a light bulb is missing or burned out the inspector cannot verify that the light fixture is working properly.  It is in the seller’s best interest to replace all missing or burnt-out lights prior to putting their home up for sale.

Moisture damage:  If you have ever had a water leak of any type there will usually be signs of water damage.  After repairing the leak, it is best to repair the damage and all signs of it.  Water staining on ceilings tend to cause concern as to whether there is an active leak or possible hidden damage.

While there many other items that may be discovered by a home inspection, those are some of the most common items I see found.

Buyers should attend the home inspection

Buyers Should Attend the Home Inspection

Sellers can help themselves out by doing a thorough inspection prior to listing their home.  They may even want to have a professional inspection conducted.  When sellers take care of known issues ahead of time the home will generally show better.  Not to mention, once you are under contract everything has to be completed on a set timeline.

What about new construction?  You might be surprised what a home inspector may find on brand new construction.  I’ve got some good stories – ask me.

For some additional information on types of inspections, click here.

If at all possible, I also recommend that buyers attend the home inspection.  They may gain value information on their new home from the inspector.  Don’t skip the home inspection – home inspections are important!      For more information, contact me.

Zillow

Real Estate Tips May 30, 2023

Mistakes to Avoid when Selling your Home

When selling your home, certain mistakes can negatively impact the process and potentially reduce the selling price. Here are 5 mistakes to avoid when selling your home.

The first one, overpricing your home, is always tough.  Setting an unrealistic or inflated price for your home is a common mistake that can deter potential buyers. A good Realtor will conduct thorough market research.  They will assess recent comparable sales to determine an appropriate and competitive listing price.  Ask me why you shouldn’t believe the Zillow estimate!

Failing to present your home in its best light can turn away potential buyers. Take the time to declutter, clean, and stage your home to create an inviting atmosphere. Consider enhancing curb appeal by addressing any exterior maintenance issues and improving the landscaping.  I will provide you with a list personalized to you home to make it easy for you.

Inadequate marketing is one I see all the time.  Simply listing your home on the Multiple Listing Service (MLS) may not be sufficient to attract qualified buyers. I utilize a comprehensive marketing strategy that includes high-quality photographs, virtual tours, and targeted advertising to reach a wider audience.

Don’t ignore necessary repairs and maintenance. Buyers are often deterred by homes that require significant repairs. Address any noticeable problems, such as leaky faucets, peeling paint, or malfunctioning appliances, before listing your home. In Florida, it’s important to take care of any wood rot. Most buyers’ lenders will require wood rot to be repaired.

When offers start coming in, it’s essential to engage in effective negotiation. It is best if you can avoid being rigid or overly emotional during negotiations, as it can lead to missed opportunities. Your real estate agent will have experience in negotiation strategies to maximize your chances of a successful sale.

Remember that every real estate transaction is unique, and it’s crucial to work with an experienced real estate agent who can guide you through the process and help you avoid these common mistakes.  To avoid these mistakes and many others contact me if you are thinking about selling your home!

Real Estate Tips May 20, 2023

Mistakes First Time Home Buyers Make

There are several mistakes that first time home buyers often make.   You can avoid them by using the following tips and advice.

Mistake # 1:  Insufficient Financial Preparation

Many first-time home buyers fail to save enough money for a down payment, closing costs, and other expenses associated with purchasing a home. It’s important to have a clear understanding of your budget, establish a savings plan, and have a realistic expectation of the costs involved.

Mistake #2:  Ignoring the Importance of Credit

Your credit score plays a significant role in determining your eligibility for a mortgage and the interest rate you’ll receive. Neglecting to check and improve your credit score before applying for a loan can lead to higher interest rates or even loan rejection. It’s wise to review your credit report, resolve any errors, pay off debts, and maintain good credit habits.  Contact a mortgage lender or a realtor well in advance for advice on what is considered a good credit score and how to improve your score.

Mistake #3:  Not getting Pre-approved for a Mortgage

Getting pre-approved for a mortgage is crucial before starting the house-hunting process. It gives you a clear idea of how much you can afford.  It also strengthens your position as a serious buyer. Without pre-approval, you may waste time and energy looking at homes that are beyond your budget.

Mistake #4:  Overextending Financially

Some first-time buyers make the mistake of purchasing a home at the top end of their budget, leaving little room for unexpected expenses such as repairs. It’s crucial to consider not just the purchase price but also property taxes, insurance, and maintenance costs.

Mistake #5:  Skipping the Home Inspection

Some first-time buyers may skip the home inspection. This can be a costly mistake, as it might lead to unforeseen issues with the property.  A professional inspection helps identify potential problems, allowing you to negotiate repairs or reconsider the purchase if necessary.  Your realtor can refer you to some local inspectors.

Mistaken #6:  Not working with Professionals

Buying a home involves complex legal and financial processes. Relying solely on online research or attempting to navigate the process independently can lead to costly errors. It’s advisable to work with professionals such as real estate agents, mortgage brokers, and attorneys.  They can provide guidance and expertise throughout the home-buying journey.  Typically, it does not cost buyers anything to work with a realtor.

By being aware of these common mistakes and taking the necessary precautions, first-time home buyers can navigate the process more confidently and make informed decisions.

Put my experience and knowledge to work for you!  Contact me and I can tell you where to start.  850-974-0869

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Real Estate Tips May 15, 2023

Which Front Door Color Adds the Most $ to Your Selling Price?

Which front door color adds the most $ to selling price?  The impact of front door color on home selling price is not well established, and there is no one-size-fits-all answer to this question. However, certain colors have been shown to be more popular than others and may create a positive impression on potential buyers.

For example, a 2018 study by Zillow found that homes with black or charcoal gray front doors sold for $6,271 more than expected, while homes with shades of navy blue or dark gray sold for $1,514 more than expected. On the other hand, homes with front doors painted in shades of brown or beige sold for less than expected.

Ultimately, the color of your front door should complement the overall aesthetic of your home and appeal to your target buyers. It’s also important to ensure that your front door is well-maintained and in good condition, as this can have a significant impact on a potential buyer’s impression of your home.  A good curb appeal is important.  On average, it takes buyers 8 seconds to decide if they are attracted to your home or not.

Contact me and I can help you determine what color is best for your home.

 

Real Estate Tips May 8, 2023

Things to Know Before Installing Solar Panels

So, you are thinking about installing solar panels.  Here are things you sold know before installing solar panels.  Solar panels typically cost between $15 – 30K.  On average, solar panels save 10- 30K over the lifetime of the system.

Installing solar panels is a great way to generate clean and renewable energy for your home or business. Before you decide to install solar panels, there are several important things you should consider:

Your energy usage: The first step in determining whether solar panels are right for you is to understand your energy usage. You should review your electricity bills to determine how much energy you use and when you use it. This information will help you determine the size of the solar system you need to install.

Your roof: Your roof should be in good condition and should have a suitable orientation and tilt for solar panels. Ideally, your roof should face south and have a pitch of between 15 and 40 degrees. You should also make sure that your roof is structurally sound and can support the weight of the solar panels.

Local regulations: Before you install solar panels, you should check your local regulations to ensure that you are allowed to do so. Some areas have zoning laws, building codes, and homeowner association rules that may restrict or regulate solar panel installations.

Incentives and financing options: There are various incentives and financing options available to help offset the cost of solar panel installation. You should research and compare these options to determine what works best for you.

Maintenance: Solar panels require little maintenance, but you should still consider the cost of routine inspections and cleaning. You should also check your homeowner’s insurance policy to ensure that your solar panels are covered.

Insurance:  You should also check with your homeowner’s insurance to find out if installation of solar panels will increase your premium.

Installation and warranty: It’s important to choose a reputable solar panel installer who can ensure that your system is installed correctly and meets all safety standards. You should also ask about the warranty and what is covered, including the panels, inverter, and installation.

By considering these factors before installing solar panels, you can make an informed decision about whether solar energy is right for you and what type of system will work best for your needs.

You can compare solar quotes on Energysage.com or sunrun.com.

Real Estate Tips May 3, 2023

Staging – What is it and Why do it?

Staging is often thought of as placing furniture and decor in a vacant home.  Staging is more than that.  Staging is using a homeowner’s belongings to maximize the home’s space and appeal to sell for the most $ and in the shortest amount of time.  Data shows that staged homes in the Okaloosa/Walton area sell on average 5-11 faster than non-staged homes.  Logically it follows then they sell for 5-20% higher (since more days on market = lower selling price, a discussion for another day).

90% of buyers look at homes for sale online prior to deciding whether to view them in person.  Staged homes in conjunction with professional photos results in better images online.

Staging allows buyers to image themselves living in your home.  Buyers, home inspectors and property appraisers generally view staged homes as well cared for.

Is staging expensive – not when you work with me.  Contact me to find out more.

Real Estate Tips April 24, 2023

Music to Sell Your Home

Real Estate Tips July 22, 2022

Prepping your Home to Sell

When prepping your home for selling, start with your front entrance.  This is the first thing buyers will see.  Power-wash the exterior. A fresh coat of paint on your front door can go a long way.  Practice thorough yard maintenance – Trim bushes & trees and add some fresh mulch. Reseal cracks in concrete areas. Clean and align gutters and downspouts. Sweep walks and driveway.  Wash windows.

Next, thoroughly clean the interior.  Repair damage to all indoor surfaces.  Repair drippy faucets and showerheads.  Unclog slow drains and make sure all sink stoppers are functioning.  Shampoo carpets, scrub and wax wood floors.  Clean out the fireplace.  Mend torn screens & clean out window tracks.  Replace burned-out light bulbs.  Re-nail creaking boards or stairs; lubricate squeaking doors.  Clean all appliances.   Wash all light switches, handrails and doorknobs.  Repair wobbling ceiling fans.  Clean AC intakes and vents.  Clean walls and baseboards or give a fresh coat of paint.

Declutter:  If you don’t plan to move it, remove it.  Pack away items you will move but don’t need over the next few months.  Empty the floor of closets if possible.