Sellers Guide 2019

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Seller’s Guide

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Comprehensive Real Estate

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SELLER’S GUIDE

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Client Name Here

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1134 SHORELINE DR, AURORA IL 60504, USA
[email protected]
630-430-1091

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Discover more about our team

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Kurt Clements

Managing Broker / Owner[/et_pb_text][et_pb_image src=”https://assets.thesparksite.com/uploads/sites/1327/2018/07/Insider-Show-Homes-Logo-2017.png” always_center_on_mobile=”off” module_class=”mb-4″ _builder_version=”3.18.2″][/et_pb_image][/et_pb_column][et_pb_column type=”2_3″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.18.2″ text_font=”||||||||” text_line_height=”2.1em” custom_margin=”0px|||” custom_padding=”0px|||”]Around the mid 2000’s I decided that while I enjoyed the mortgage industry as a whole, I was getting tired of refinancing someone’s home to save them a few dollars or shorten their mortgage term. At the same time I really enjoyed the purchase side of the business so I decided to shift my focus from the mortgage side of the transaction to actually helping the buyer find their new home.

My initial clientele mainly consisted of buyers. I assume this is because I had always worked with the buyer in the mortgage industry and that is where my expertise was. When I moved over to the realty side of the business I found that while most people want to become home owners, many didn’t have any idea where to start – especially when it came to their asset and credit management. So, over time I developed a unique system designed to turn renters into homeowners that focuses on the financial end of the transaction. We still use this system today, and are constantly tweaking it to meet the needs of today’s buyer.

Our early first time buyers are now turning into move up buyers. This, coupled with our unique ability to develop buyers, has really helped our listing side of the business as well. More and more we are finding that the seller wants and demands more than just putting their listing in the MLS. They want their home advertised in all media at all times and we accommodate them.[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”9vh|5%|0px|5%” module_class_1=”gd18_columns” module_class=”gd18_rows” _builder_version=”3.0.105″ background_color=”#f9f9f9″][et_pb_column type=”4_4″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_3_font=”||||||||” header_3_line_height=”1.1em” custom_margin=”0px|0px|10px|0px” custom_padding=”0px|0px|0px|0px”]

Housing Expectations for 2019

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The NAR publishes some great data every year in regards to housing expectations.

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Housing Outlook

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Existing Home Sales:

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to 5.4M

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Median Home Prices:

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to 5.5%

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Mortgage Rates:

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to 5.17%

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GDP Growth:

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to 2.4%

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Potential Speed Bumps

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Increasing Inventory Supply

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Slowing Home Appreciation

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Rising mortgage
rates

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Waning consumer confidence

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* MANY REASONS FOR OPTIMISM

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All indications are that we have a housing shortage. If you look at population growth and job growth, it is clear that we are not producing enough houses. This is often a local issue, not a national one,  so NAR has created a website where local associations and Realtors® can go for information on how to advocate for increased supply in their communities.

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7 things you need to know when selling a home

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Whether you are selling in a hurry, or selling at your convenience, be aware of the major influences that the market and the terms of your sale can have on the resale value of your property.  The terms of your sale and the initial pricing of your listing can effect the amount of money you keep in your pocket.

[/et_pb_text][et_pb_blurb title=”Determine an accurate fair market value” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/fairvalue-sg1.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||40px|” animation=”off”]

Take the time to work closely with a reputable buyers agent who can create a thorough Comparative Market Analysis for you. You’ll need to get a good look at comparable properties in your area that have been appraised recently.  

[/et_pb_blurb][et_pb_blurb title=”Find out what kind of buyer your property will draw” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/save-money-sg2.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||40px|” custom_padding=”|||” animation=”off”]

This will have an effect on what kinds of repairs you may elect to do, as well as determine what kind of financing a buyer can utilize when purchasing the home.

[/et_pb_blurb][et_pb_blurb title=”Get a pulse on the overall market conditions” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/market-conditions-sg3.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||40px|” animation=”off”]

Home list to sale ratios, buyer activity levels, and neighorhood competition can all influence the value of your property, as well as how long it may be on the market.

[/et_pb_blurb][et_pb_blurb title=”Perform all improvements that have a net positive on your resale value” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/net-positive-sg4.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_line_height=”2.1em” custom_margin=”||40px|” animation=”off”]

Regardless of home condition, there are always improvements that can positively influence your re-sale value. Smells are highly important to focus on, as well as cleanliness.

[/et_pb_blurb][et_pb_blurb title=”Choose the right agent for your transaction” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/right-agent-sg5.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_line_height=”2.1em” custom_margin=”||40px|” animation=”off”]

A passionate, knowledgeable local expert who intimately knows your neighborhood and market is important. Equally important is their communication, organization, and timeliness.

[/et_pb_blurb][et_pb_blurb title=”Prepare your home for those buyer showings” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/prepare-for-showings.png” icon_placement=”left” image_max_width=”60px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_line_height=”2.1em” custom_margin=”||40px|” animation=”off”]

The cosmetic appeal of a property highly influences it’s value. To the untrained eye (like your average buyer), cleanliness is a proxy for how well the home was cared for. Be sure to send the right message with a bright & clean experience free of unwanted odors.

[/et_pb_blurb][et_pb_blurb title=”Get feedback from every buyer if possible” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/get-buyer-feedback.png” icon_placement=”left” image_max_width=”65px” content_max_width=”100%” module_class=”gd18-image-list” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ body_line_height=”2.1em” animation=”off”]

Your buyer’s agent can typically follow up with agent’s who show your home to their clients. Get feedback on the home condition, showing highlights, and make changes if needed to improve desirability.

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“Reality TV” versus real world conditions

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You‘ll need a credit report to make sure your score and reporting are accurate. Work directly with a lender on your credit score. They can help provide recommendations, work with scoring agencies, and improve your score when you obtain your loan.

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Reality TV Show myths

[/et_pb_text][et_pb_blurb use_icon=”on” font_icon=”%%83%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.15″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Myth: Buyers only look at three homes before they decide to purchase.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%83%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Myth: The homes being chosen are active listings available for sale.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%83%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Myth: When you flip a home, all you have to worry about is repair expenses.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%83%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Myth: The house sells during it’s first open house on the market.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%83%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Myth: Real estate agents enjoy lavish lives on hundred thousand plus incomes.[/et_pb_blurb][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_4_font=”||||||||” header_4_line_height=”1.1em” custom_margin=”5vh||1vh|” custom_padding=”|||”]

Real world conditions

[/et_pb_text][et_pb_blurb use_icon=”on” font_icon=”%%95%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Reality: Most buyers look at considerably more than three homes.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%95%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Reality: It’s all staged for TV. Most homes viewed are sold or off market already.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%95%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Reality: Shows ignore taxes, insurance, interest, utilities, closing costs and more. [/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%95%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Reality: Properties typically sell after a showing with their buying agent.[/et_pb_blurb][et_pb_blurb use_icon=”on” font_icon=”%%95%%” icon_placement=”left” content_max_width=”100%” use_icon_font_size=”on” icon_font_size=”40px” content_max_width_tablet=”100%” content_max_width_phone=”100%” content_max_width_last_edited=”on|desktop” module_class=”gd18-icon-blurb-list” _builder_version=”3.0.105″ header_font=”||||||||” body_font=”||||||||” body_text_align=”left” body_text_color=”#707070″ background_color=”#ffffff” border_color_all=”#e5e5e5″ border_style_all=”none” custom_padding=”20px|15px|20px|15px” animation=”off”]Reality: Take home pay is far lower after all overhead is calculated.[/et_pb_blurb][/et_pb_column][/et_pb_row][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”5vh|5%|1vh|5%” module_class_1=”gd18_columns” module_class=”gd18_rows” _builder_version=”3.0.105″ background_color=”#f9f9f9″][et_pb_column type=”4_4″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_4_font=”||||||||” header_4_line_height=”1.1em” custom_margin=”||10px|”]

Quick tips for would be property investors

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Don’t rush into a deal just because you are excited. Take your time to locate the best deal.

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TV shows tend to gloss over complex topics. Your budget needs to be accurate.

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Property taxes and insurance can add a significant amount to your monthly payment.

[/et_pb_blurb][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.0.105″ padding_bottom=”0px” background_color=”#ffffff” parallax=”off” parallax_method=”on” module_class=”mb-4 gd18-boxed-margins”][et_pb_blurb title=”Find a great agent” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/advocate-img24-60.png” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_text_color=”#707070″ border_color_all=”#e5e5e5″ border_style_all=”none” text_orientation=”center” custom_padding=”30px|5%|10px|5%” animation=”off”]

You’ll need an absolute professional experienced in your specific market.

[/et_pb_blurb][/et_pb_column][/et_pb_row][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”9vh|5%|2px|5%” module_class_1=”gd18_columns” module_class=”guide-blurb-images gd18_rows” _builder_version=”3.0.105″ background_color=”#ffffff”][et_pb_column type=”4_4″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_3_font=”||||||||”]

Meet your average first time home buyer

[/et_pb_text][et_pb_text module_class=”gd18_prm_bk” _builder_version=”3.0.105″ text_font=”||||||||” text_line_height=”2.1em” header_font=”||||||||” background_layout=”dark” custom_margin=”||6vh|” custom_padding=”15px|15px|15px|15px”]If you are selling a home that would make a good first time home purchase in the area, you’ll want to better understand today’s first time home buyer needs.[/et_pb_text][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_4_font=”||||||||” header_4_line_height=”1.1em”]

What kind of house do they want?

[/et_pb_text][et_pb_blurb title=”Move in ready homes” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/move-in-ready-homes.png” icon_placement=”left” image_max_width=”60px” content_max_width=”100%” module_class=”gd18-compact” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||30px|” custom_padding=”|||” animation=”off”]Upwards of 68% of buyers are looking to purchase a move-in ready property.[/et_pb_blurb][et_pb_blurb title=”Suburban Sprawl” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/suburban-sprawl.png” icon_placement=”left” image_max_width=”60px” content_max_width=”100%” module_class=”gd18-compact” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||30px|” custom_padding=”|||” animation=”off”]

43% are looking to buy in a suburban area outside of a city.

[/et_pb_blurb][et_pb_blurb title=”Energy efficient and smart technologies” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/energy-efficiency.png” icon_placement=”left” image_max_width=”60px” content_max_width=”100%” module_class=”gd18-compact” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||30px|” custom_padding=”|||” animation=”off”]

Younger buyers make up a larger and larger market share, and are willing to pay premiums for upgrades they perceive to be good for the environment, or capable of reducing their energy footprint.

[/et_pb_blurb][et_pb_blurb title=”Attractive designs” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/attractive-designs.png” icon_placement=”left” image_max_width=”60px” content_max_width=”100%” module_class=”gd18-compact” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_margin=”||30px|” custom_padding=”|||” animation=”off”]

Large entertainers style kitchens, bright open floor plans are very popular. New homes are being built with large bedrooms and baths.

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Common types of first time home buyers

[/et_pb_text][/et_pb_column][/et_pb_row][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”2vh|5%|6vh|5%” custom_margin=”|||” module_class_1=”gd18_columns gd18-percent-trio” module_class_2=”gd18_columns gd18-percent-trio” module_class_3=”gd18_columns gd18-percent-trio” module_class=”gd18_rows” _builder_version=”3.0.105″ background_color=”#ffffff”][et_pb_column type=”1_3″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns gd18-percent-trio”][et_pb_circle_counter title=”Total Population” number=”20″ bar_bg_color=”#606060″ module_class=”guide-percent-circles” _builder_version=”3.15″ title_level=”h6″ title_font=”||||||||” title_text_align=”center” title_line_height=”1.1em” number_font=”||||||||” number_font_size=”40px” max_width=”60%” max_width_tablet=”115px” max_width_phone=”135px” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”||0px|” custom_padding=”|||”][/et_pb_circle_counter][et_pb_text _builder_version=”3.0.105″ text_font=”||||||||” text_font_size=”14px” text_line_height=”2.1em” text_orientation=”center” custom_margin=”||3vh|” custom_padding=”|||”]20% of consumers overall are actively looking to purchase their first home.[/et_pb_text][/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns gd18-percent-trio”][et_pb_circle_counter title=”Millenials” number=”46″ bar_bg_color=”#606060″ module_class=”guide-percent-circles” _builder_version=”3.15″ title_level=”h6″ title_font=”||||||||” title_text_align=”center” title_line_height=”1.1em” number_font=”||||||||” number_font_size=”40px” max_width=”60%” max_width_tablet=”115px” max_width_phone=”135px” max_width_last_edited=”on|phone” module_alignment=”center” custom_margin=”||0px|” custom_padding=”|||”][/et_pb_circle_counter][et_pb_text _builder_version=”3.0.105″ text_font=”||||||||” text_font_size=”14px” text_line_height=”2.1em” header_font=”||||||||” header_text_align=”center” text_orientation=”center” custom_margin=”||3vh|” custom_padding=”|||”]46% of millennials will be looking to buy their first home in the next 1-2 years.[/et_pb_text][/et_pb_column][et_pb_column type=”1_3″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns gd18-percent-trio”][et_pb_circle_counter title=”Hispanics” number=”38″ bar_bg_color=”#606060″ module_class=”guide-percent-circles” _builder_version=”3.15″ title_level=”h6″ title_font=”||||||||” title_text_align=”center” title_line_height=”1.1em” number_font=”||||||||” number_font_size=”40px” max_width=”60%” max_width_tablet=”115px” max_width_phone=”135px” max_width_last_edited=”on|desktop” module_alignment=”center” custom_margin=”||0px|” custom_padding=”|||”][/et_pb_circle_counter][et_pb_text _builder_version=”3.0.105″ text_font=”||||||||” text_font_size=”14px” text_line_height=”2.1em” text_orientation=”center” custom_margin=”||3vh|” custom_padding=”|||”]

38% of hispanics are looking to buy their first home in the next 1-2 years.

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When to invest in your house

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Home ownership is one of the largest obligations you can place on yourself, and with it comes a slew of costs and responsibilities. Even when selling your home, you may want to consider which investments to make in order to get the most out of your transaction.

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Consider Investment When:

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Property exterior could use visual improvements.

[/et_pb_blurb][et_pb_blurb title=”Carpeting” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/carpeting.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” background_color=”#ffffff” border_color_all=”#dbdbdb” border_style_all=”none” custom_padding=”15px|8%|15px|5%” animation=”off”]

The carpets have stains and/or wear and tear.

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The home smells like pets, smoke or garbage.

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These rooms need repairs, or improvements.

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I have capital to invest in upgrades to the property.

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Check to see if these are true:

[/et_pb_text][et_pb_blurb title=”Curb Appeal” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/curb-appeal2.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” background_color=”#ffffff” border_color_all=”#dbdbdb” border_style_all=”none” custom_padding=”15px|8%|15px|5%” animation=”off”]

Property exterior looks great from all angles.

[/et_pb_blurb][et_pb_blurb title=”Carpeting” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/carpeting2.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” background_color=”#ffffff” border_color_all=”#dbdbdb” border_style_all=”none” custom_padding=”15px|8%|15px|5%” animation=”off”]

The carpeting appears to be near new or like new.

[/et_pb_blurb][et_pb_blurb title=”Odors” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/odors.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” background_color=”#ffffff” border_color_all=”#dbdbdb” border_style_all=”none” custom_padding=”15px|8%|15px|5%” animation=”off”]

The house has no strong odors at it’s entrance.

[/et_pb_blurb][et_pb_blurb title=”Kitchens & baths” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/kitchenandbaths2.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” background_color=”#ffffff” border_color_all=”#dbdbdb” border_style_all=”none” custom_padding=”15px|8%|15px|5%” animation=”off”]

These rooms are attractive, clean and inviting.

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The property has equity and will sell quickly.

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8 Popular home remodeling trends

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When selling a home, it’s important to compare properties in your area to better understand what a competing property may offer buyers in value and convenience. You may want to consider some of the following upgrades to add value and interest to your home once it goes on the market.

[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section][et_pb_section fb_built=”1″ module_class=”gd18-timeline gd18_sections” _builder_version=”3.0.105″ background_color=”#e8e8e8″ background_image=”https://assets.agentfire3.com/uploads/sites/21/2018/08/gd18_section_bk.png” background_size=”initial” background_position=”top_left” background_repeat=”repeat” custom_padding=”0px|0px|0px|0px”][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”0px|5%|0px|5%” background_color_1=”#f7f7f7″ padding_top_1=”20px” padding_right_1=”20px” padding_bottom_1=”20px” padding_left_1=”20px” module_class_1=”gd18-tl-content gd18_columns” module_class_2=”gd18-tl-gap–wrap gd18-gap-right gd18_columns” module_class=”gd18_blurb-images gd18_rows” _builder_version=”3.0.105″ background_color=”#ffffff”][et_pb_column type=”1_2″ _builder_version=”3.0.105″ padding_bottom=”20px” padding_left=”20px” padding_right=”20px” padding_top=”20px” background_color=”#f7f7f7″ parallax=”off” parallax_method=”on” module_class=”gd18-tl-content gd18_columns”][et_pb_text _builder_version=”3.15″ text_font=”||||||||” header_font=”||||||||” header_2_font=”||||||||” header_3_font=”||||||||” custom_margin=”||0px|” custom_padding=”||0px|”]

01

[/et_pb_text][et_pb_divider color=”#afafaf” height=”5px” _builder_version=”3.2″ custom_margin=”0px|||”][/et_pb_divider][et_pb_blurb title=”Go Green” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/curb-appeal.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_padding=”||15px|” animation=”off”]Use materials and products in upgrades that are friendly to the environment.[/et_pb_blurb][/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18-tl-gap–wrap gd18-gap-right gd18_columns”][et_pb_code]

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02

[/et_pb_text][et_pb_divider color=”#afafaf” height=”5px” _builder_version=”3.2″ custom_margin=”0px|||”][/et_pb_divider][et_pb_blurb title=”Update Bathrooms” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/kitchenandbaths.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_padding=”||15px|” animation=”off”]

Soaking tubs, large showers, and bold flooring choices are in vogue.

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03

[/et_pb_text][et_pb_divider color=”#afafaf” height=”5px” _builder_version=”3.2″ custom_margin=”0px|||”][/et_pb_divider][et_pb_blurb title=”Wood flooring” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/wood-flooring.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_padding=”||15px|” animation=”off”]

Hardwood floors, as well as faux or engineered hardwood floors are common.

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04

[/et_pb_text][et_pb_divider color=”#afafaf” height=”5px” _builder_version=”3.2″ custom_margin=”0px|||”][/et_pb_divider][et_pb_blurb title=”Stainless Steel” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/stainless-steel.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_padding=”||15px|” animation=”off”]

Updated appliances in the kitchen do a lot to add perceived value.

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05

[/et_pb_text][et_pb_divider color=”#afafaf” height=”5px” _builder_version=”3.2″ custom_margin=”0px|||”][/et_pb_divider][et_pb_blurb title=”Kitchen updates” image=”https://assets.thesparksite.com/uploads/sites/3/2018/09/kitchenandbaths2.png” icon_placement=”left” image_max_width=”64px” content_max_width=”100%” module_class=”gd18-compact gd18-boxed-margins” _builder_version=”3.15″ header_level=”h5″ header_font=”||||||||” header_line_height=”1.1em” body_font=”||||||||” body_font_size=”14px” body_line_height=”2.1em” custom_padding=”||15px|” animation=”off”]

Single-bowl deep sinks, copper lighting, and solid surface counter tops.

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06

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Textures, natural wood, reclaimed barnwood and other materials can add style.

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07

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Improve lighting fixtures and overall light balance throughout the home.

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08

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Add plants, keep flower beds weeded & grass cut. Paint that front door.

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Accepting the right offer from a buyer

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A national survey by Better Homes & Gardens Real Estate found that baby boomers are providing financial support to help their children and grandchildren become homeowners.

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There is no more crucial time in your home sale than when you are considering multiple offers and exploring their various terms. Not all offers are equal, and the highest priced offer is not necessarily the best overall offer. The right offer to accept is one that incorporates both highest price and the best terms.

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An offer in all cash has the benefit of being able to close more quickly than a financed offer. This is because there is no lender or loan terms for the buyer to work through.

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In some states, first time home buyers have additional financing opportunities available to encourage home ownership. These programs typically do not add any additional burden to a seller.

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 VA loans will typically have an escrow period the same length as a conventional loan. Appraisal standards can sometimes be more strict, so if your home has questionable comps or needs repairs this can complicate the sale.

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The vast majority of offers you will receive are from buyers taking out a conventional loan. Expect an average 30 day escrow period and an earnest money deposit.

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At times, you may be presented with an offer that is contingent on the sale of another residence. While this does not automatically make this an inferior offer, it does often result in a longer than a 30 day escrow period. If a quick sale is a requirement, this can be a than ideal candidate.

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If your buyer is serious about a purchase, and is confident in their ability to close escrow, they will have no problem with providing a down payment in good faith. This is typically around 1% of the listing price. Should the deal fall through after they have removed contingencies, they forfeit this deposit.

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It is not uncommon for a buyer to request funds back as part of the terms of sale. This can apply to anything from repairs on the home, to help with the loan downpayment. This amount reduces the net proceeds from the sale of the home.

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Why you need an experienced listing agent

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FSBOs accounted for 8% of home sales in 2017. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales

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Remember, the point of selling your property is to sell it for the most you possibly can. This is heavily aided by the marketing reach that a real estate agent can offer, and motivated buyers will typically see an agent has having more credibility when compared to a FSBO (For sale by owner).

The more exposure through marketing and onsite visits from participating agents will result in a better chance of receiving multiple offers on your property, which will help add leverage when selecting one that most accurately meets your goals.

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The results should be measurable

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$249,000 Avg. Price

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$190,000 Avg. Price

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Increase your visibility to buyers

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Buyers increasingly are utilizing real estate agents and starting their searches for property online. A listing represented on the MLS in your area will increase the effectiveness of marketing efforts.

[/et_pb_text][et_pb_counters bar_bg_color=”#DDEEFF” module_class=”gd18-barcounter” _builder_version=”3.0.105″ percent_font=”||||||||” percent_text_color=”#ffffff”][et_pb_counter percent=”51″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Internet[/et_pb_counter][et_pb_counter percent=”30″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Real Estate Agent[/et_pb_counter][et_pb_counter percent=”7″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Yard Sign / Open House Sign[/et_pb_counter][et_pb_counter percent=”6″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Friend, Relative or Neighbor[/et_pb_counter][et_pb_counter percent=”5″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Home builder or their agent[/et_pb_counter][et_pb_counter percent=”3″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Knew the sellers[/et_pb_counter][et_pb_counter percent=”1″ _builder_version=”3.0.105″ background_color_default=”#dddddd” parallax_default=”off” parallax_method_default=”on” bar_background_color_default=”#DDEEFF” use_percentages=”on” allow_player_pause_default=”off”]Print newspaper ad[/et_pb_counter][/et_pb_counters][/et_pb_column][/et_pb_row][et_pb_row use_custom_width=”on” custom_width_px=”1023px” custom_padding=”9vh|5%|9vh|5%” module_class_1=”gd18_columns” module_class=”gd18_blurb-images gd18_rows” _builder_version=”3.0.105″ background_color=”#f9f9f9″][et_pb_column type=”4_4″ _builder_version=”3.0.105″ parallax=”off” parallax_method=”on” module_class=”gd18_columns”][et_pb_text _builder_version=”3.15″ header_font=”||||||||” header_3_font=”||||||||”]

Explaining your closing costs

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Your total net proceeds are reduced by a number of costs that are typically associated with a property sale. It’s important to know the basics about these. It is recommended that you sit down with a real estate agent who can walk you through a net proceeds estimate to determine your equity at close of escrow.

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Expect to pay for half of the transfer taxes, title insurance, notary fees and other miscellaneous costs associated with transferring the title.

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As the seller you will pay for the listing agent and buyer agent commissions. This is typically a split of 6% with half going to each agent.

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Any outstanding mortgage balance you may still carry on the property will need to be satisfied at closing.                       

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Your tax responsibility will be prorated to the date of sale, and any outstanding balance will be need to be paid in order to transfer the title and record the sale.

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Expect to have pest and roof inspections performed on the property, as well as optionally a full home inspection as part of the sale. While this can vary, typically this is paid for by the seller.

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Regardless of the type of offer you have accepted, you may still be asked by the buyer for home repairs as part of the sale once the results of the inspections are known. Some repairs are required by lenders prior to funding.

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Typically prorated, any outstanding balance up to the date of sale will need to be satisfied prior to close of escrow.

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After the closing

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Despite closing escrow marking the end of the property sale process, it also marks the beginning of an ongoing relationship. Keeping in touch with the agent allows you to continue to use this value able resource of information whenever you need.

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An ongoing relationship with my clients

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A fantastic agent focuses on a continuing relationship that offers you convenience, opportunity and value.  You can always rely on your agent after the closing to help you answer questions about home ownership, provide resources, offer advice, and provide tools to ensure your home ownership experience is a positive one. 

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Your referrals are key!

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Maintaining an ongoing client relationship is just part of an overall commitment to provide a level of service well above and beyond expectations. Your agent relies on word of mouth referrals for additional business, and good referrals allow the agent to devote more time to helping clients and less time to finding them. If your experience is amazing, be sure to tell your friends!

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Ask a question

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I greatly enjoy working with sellers and helping them purchase their dream homes. If you’re looking to conduct your home search soon and find a new residence, please get in touch with me via email or phone today.

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