Blog :: 04-2016

Spring Cleaning Tips to Help Sell Your Home!

Spring Cleaning Tips to Help Sell Your Home!

 

Despite the recent snow, Spring has finally landed in the Mount Washington Valley. As the trees bud and the grass turns green, you might have been thinking of putting your home on the market. Here are some of our favorite spring cleaning tips that can help you sell your home!

 

Wash Away! Over time, dust and grime can built up on your windows. Wash the inside and outside of your windows, as well as any drapes or curtains, and dust your blinds. This will ensure the light can really shine into your home! 

Tend to the walls! Wash your walls, as well as all your baseboards and trim around doors and windows. Haven’t painted in a while, or have a color that is too bright? Spring is the perfect time to refresh your paint!

Get rid of clutter. Working on one room at a time, get rid of any items that you haven’t used in the past year, or that you have multiples of. You can donate items in good condition that you no longer want or need to your local thrift store or shelter, or have a yard sale! 

Curb Appeal. Your mailbox is front and center when someone arrives at your home, which is why you want it in top shape! Repair any damage winter has done to your mailbox, or replace it if needed. Make sure your house is also properly numbered, not only is it important for emergency services, but it also helps potential buyers easily find your home! Sweep your walkways, decks, and stairs, and dress up your entryway with seasonal flowers! 

Get your heating system serviced. Many people have their heating system serviced at the beginning of winter, however, your system should be serviced more than once per year to ensure it remains efficient. Spring is also a great time to clean and vacuum heating vents and radiators. 

Deep clean! Now that you have decluttered your home, your spring cleaning should go a bit deeper! Clean the grout between any tiles in your home, re-caulk tubs, showers and sinks.

 

Now that your home is spring cleaned and ready for market, click here for a FREE Market Analysis

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    Real Estate Lingo

    Real Estate Lingo

    When it comes to buying and selling real estate, the language commonly used by your real estate agent can be confusing. Here are a few of the most commonly used words and phrases used in real estate, courtesy of Realtor.com.

    Addendum - An additional document that amends or makes changes to a real estate contract.

    CMA - Comparative Market Analysis. A CMA is a report prepared by an agent that gives prices of comparable homes that have recently sold, are currently on the market, or were previously on the market but did not sell. A CMA is useful tool for appropriately pricing a subject property for sale.

    Closing Cost - All of the miscellaneous expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission, mortgage-related fees, escrow or attorney's settlement charges, transfer taxes, recording fees and title insurance. Closing costs are generally paid through escrow.

    Contingency - In a purchase and sales, when one event must occur before another can. For example, a buyer cannot close on a new house until their current house sells.

    MLS - Multiple Listing Service. The MLS compiles and distributes information on homes for sale for use by real estate brokers. The MLS is not national, but can cover local or regional areas. For example, in Maine there is

    REALTOR® - A licensed real estate broker or sales associated that is a member of the National Association of REALTORS®. Not all real estate agents are REALTORS®.

    Title Insurance - An insurance policy that protects a lender's or owner's interest in real property from assorted types of unexpected or fraudulent claims of ownership. It's customary for the buyer to pay for the lender's title insurance policy.

    Source: Realtor.com "A Short Guide to Real Estate Lingo".

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      Have You Tested Your Water Lately?

      Have You Tested Your Water?

      Water is vital to maintaining good health, however, many people fail to have their water tested before, or after they move into their home. While public water systems are periodically tested (check with your town for results), well water systems are oftentimes overlooked by homeowners. 

       

      How do you know if your water is safe? Get a water test! Hardware stores offer simple at-home tests for around $10 that can identify chlorine, hardness, and iron in your water system. You can also obtain a more in depth analysis from a laboratory that can identify lead, e.coli, radon, and other contaminants (cost varies). If your water test results show any issues, work with a local water company to help remedy the situation. 

       

      Regular water testing will help ensure the health and safety of your family’s water, and alert you to any required maintenance in your water system. To learn more about regular water testing, you can visit wellowner.org.

      Staging Tricks to Help Sell Your Home

      Staging Tricks to Help Sell Your Home

      Exterior

      Your property's landscape is not limited to the lawn and shrubs but encompasses everything from the street to your doorstep. For this reason, make sure each component of the visual landscape looks its best. Curb appeal is important!

      Ensure the street in front of your home is litter and debris free

      Sweep your sidewalk and remove weeds that may be growing between cracks

      If you have a fence, remove any peeling paint and give it a fresh coat of paint. You want a prospective buyer to have a positive first impression before they even enter your home

      Interior

      There are many ways to create a space that attracts to more prospective buyers. Appealing to the senses can have an enormous impact on selling your home. Staging the interior of your home goes beyond moving furniture and decluttering.

      Light is key when selling your home. Ensure windows are clean, and use adequate wattage in light bulbs. If your home does not have a lot of natural light, use light wall colors, open drapes and blinds, and use mirrors to help magnify the feeling of light and space.

      Color is another important factor when staging your home for sale. Though the red kitchen walls might be your favorite feature, it might not show well to prospective buyers, or photograph well. Choosing light colors, such as beige or gray, will help brighten the space and make your home feel more open. Bring in bright colors through accents, such as fresh flowers, towels, area rugs, and shower curtains. 

      Smell is perhaps one of the most important, yet overlooked points when staging ones home for sale. The smell of newness and cleanliness appeal greatly to prospective buyers. If you have animals, ensure they cannot be smelt! 

      When it comes time to sell your home, these are just a few staging tips and tricks that can help appeal to prospective buyers. Coldwell Banker Wright Realty has a certified Home Stager in office, who is happy to work with clients to ensure their home shows off its best features!

      To Rent or Buy in the Mount Washington Valley

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      To buy or to rent? Recent graduates, young couples, relocating professionals and others have all asked themselves this question at one point or another. While each option has its benefits, the decision to purchase an apartment, condominium or house as opposed to renting, is complex and based on a number of factors. The biggest question is whether or not now is the right time to purchase a home for you.

       

      For most people, deciding to purchase a home is the largest financial decision of their lifetime. Before making the jump into homeownership, potential home buyers should consider the soft lifestyle issues as well as the hard financial ones. The professionals at Coldwell Banker Wright Realty have provided the following four financial and lifestyle questions to consider when determining if buying a home is the right decision for you.

      Do you have a steady income? At or near the top of every potential homebuyer’s mind is whether or not they can afford to buy a home right now. Buying a home remains a sound financial decision for those with documented income and a good credit history, and a steady income can provide a strong backbone for the initial down payment and future mortgage payments. The affordability on Realtor.com is a great way to begin this planning and assess how much home you can afford. Don’t hesitate to speak with a real estate professional even before you’re ready to buy a home. Along with a financial planner, a real estate professional can help you answer and uncover questions about the cost of homeownership.

       

      Do you plan to stay in a home for an extended period of time? With proper planning, a home purchase has historically proven to be one of the strongest investments one can make. Along those lines, it’s imperative to understand that investing in a home is much different than investing in a stock portfolio. Homes typically appreciate in value over time while the owner builds his or her equity through monthly mortgage payments. If you anticipate staying in a home for only one or two years, it doesn’t necessarily mean buying is not for you, but you are less likely to see a significant financial return on your investment.

       

      Do you plan to sell a house in order to buy a house? A local real estate professional can help you understand current local market conditions and will help you make smart decisions when listing a home on the market. If you do not currently own a home that needs to be sold prior to purchasing a new one, now is a particularly smart time to buy. Even with lenders becoming increasingly more thorough in their approval process, mortgage financing is still widely available for those with a steady income and solid credit.

       

      How do your other options compare? For renters, calculating month-to-month housing expenses is as easy as inquiring about the monthly rent and average utilities. The calculation gets a bit more complicated when considering the monthly cost of owning a home. A real estate professional can help you understand a range of financial considerations from annual property taxes to the tax incentives for owning a home.

       

      There is no one right decision when it comes to renting versus buying a home. Each individual should take the time to look at their personal and financial situation to decide what will work best for their needs and lifestyle.

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