Tom Lee ABR CRS GRI LTG SRES's Blog
Are you planning on moving in the next 6-8 months? Don’t let your belongings take ownership of you. As consumers, we tend to accumulate a lot of “stuff” over the years. After spending 5, 10, or 20-plus years in one home, this can amount to more than some of us can handle. Do you have more than 4 sets of dishes? How about piles of toys & board games from when your kids were younger? And then there are those passed-down antiques that no one in the family seems to have use for, yet no one wants to throw away.
Rather than rush while packing and having to take the whole mess with you to your next home, consider starting the process early! You can categorize your belongings into the following groups:
- Throw it away
It may be hard to discern which category an item goes in. This is why it’s a great idea to solicit help when you’re moving and downsizing your piles of stuff. An outsider can be a bit more objective to help you see what’s useful and what isn’t.
The Keep Pile
The items you want to keep through your move are those that you use every single day. There’s no question in your mind that you’ll need these things at your next residence. Think of the items that are either irreplaceable or still in good working condition like bedding, the coffee pot, furniture, and personal items like books, DVDs, and electronics.
Sell For Profit
If you have a question about any of the items that you’re going through, you may want to consider selling them. Is your sofa still in good condition, but won’t fit well into your new place? It’s time to get that piece of furniture to another good home and make a bit of cash while you’re at it. There are tons of websites, apps, and other resources that connect you with people who are looking for the items that you want to get rid of.
Some items may not be an easy sell. You may not even have the time to sell them. This is where donation centers allow you to do some good while you’re cleaning out your things. As you’re packing for the move go through things like clothes, books, DVDs, games, toys, and other knickknacks. Those figurines that have been sitting on the shelf may not be ideal for your new house.
It’s also a good idea to keep the amount of space that you’re dealing with in mind. If you have less space, downsizing will be ever important. On the flip side, if you’re moving into a bigger house, you don’t necessarily need to fill it up!
Unfortunately, we’ll always have a few things that need to be thrown out. Items that are ripped, stained, worn, broken, or plain useless must face the fate of the dumpster.
No matter how you go about cleaning out your home before a move, you should know that it will feel amazing to have a lighter load to move as the clutter is cleaned out.
Ready to launch a search for your dream home? Ultimately, you'll want to do everything possible to streamline your home search to boost your chances of getting the best possible results.
There are many best practices for conducting a successful home search, and these include:
1. Define Your Homebuying Criteria
The definition of the "perfect" home varies from property buyer to property buyer. This means that your definition of the perfect home is unlikely to match that of a friend or family member.
Think about what separates an ordinary home from a can't-miss residence. Then, you'll be able to narrow your home search and map out a successful homebuying journey.
As you consider the perfect home, make a list of homebuying "must-haves." For example, if you want a garage where you and your wife can park your cars, a two-car garage is a homebuying must-have. Or, if you want a home that's close to high-quality schools that your kids can attend, buying a house in a great school district is a must.
2. Get Home Financing
Although your ultimate goal is to acquire a top-notch residence, you'll likely need financing to help you transform your homebuying dream into a reality. Fortunately, many banks and credit unions are available to teach you about a wide range of mortgage options.
Meet with several banks and credit unions – you'll be glad you did. These lenders can educate you about the different types of home loans and help you get pre-approved for a mortgage.
After you receive pre-approval for a mortgage, you're good to kick off your home search. In fact, with a mortgage in hand, you can tailor your search to homes that fall within a specific price range.
3. Work with a Real Estate Agent
Regardless of your homebuying goals, it pays to work with a real estate agent. That way, you can receive expert assistance as you search for houses in various cities and towns.
A real estate agent is happy to teach you the ins and outs of purchasing a house. By doing so, this housing market professional can help you become a real estate expert in no time at all.
Furthermore, a real estate agent will set up home showings, keep you up to date about new houses that become available and help you submit home offers. This housing market professional is committed to your homebuying success and will do whatever it takes to assist you along the homebuying journey.
Perhaps best of all, a real estate agent is available to respond to any homebuying questions that you may have. No homebuying question is ever too big or too small for a real estate agent, and as a result, this housing market professional will make it simple for you to make an informed homebuying decision.
Launch a successful home search today – use the aforementioned best practices, and you can increase the likelihood of discovering your dream home.
In a seller’s market, you shouldn’t have a home that’s simply sitting there. If a home isn’t selling and the market is hot, something must be wrong. There are many different reasons that your home isn’t selling. Below, you’ll discover some of those issues and what you can due to remedy the problems.
You Need To Adjust Your Expectations
Many people put their homes on the market expecting high results. While it’s good to have confidence, it can be detrimental to your home sale. Great expectations can lead to an overpriced home, a lack in marketing efforts, or lowering the price of the home too late. All of these situations can be detrimental to your home sale. Research and hiring a realtor to help you with the sale can keep you organized and assist ou in staying on top of the market.
You Don’t Understand Home Values
If you’re selling your home on your own, you may not have priced the property correctly especially if you have no professional experience. This is where a realtor comes in. A real estate agent can do the professional market research that finds the sweet spot for a price on a home for sale. Knowing that price is one of the best ways to sell your home fast. Without a well-valued home, it could sit idle in a good market.
Your Home Is Neglected
If you have been neglecting various projects around your home, you could find that it’s more difficult to sell your home. Buyers want the best house for the lowest possible price. Homes that have been properly maintained with the right HVAC maintenance, yard upkeep, and regular appliance services are more likely to be scooped up fast by buyers.
Before your home even goes on the market, you should do any tasks around the house that you have been neglecting. The investment of both time and money will be worth it for you in the long term when you go to sell your home.
The Photos Aren’t Professional
The marketing efforts used to sell a home are very important. On the top of this list is the photos that represent the house. Most home buyers begin their search online. This means the first impression that they get of your home is from pictures. If these are not well done, it could be very detrimental to your home sale.
For good photos, be sure that you get rid of all the clutter from your space before the pictures are taken. It’s really best to hire a professional to deal with his aspect of home marketing. If you must take the photos on your own, using a better camera than that a cell phone provides can really be a step up in the picture taking process.
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Let's face it – there are many risks that you may face during the homebuying journey. From submitting an offer on a house that ultimately proves to be a poor investment to failing to obtain a mortgage due to a bad credit score, there are various issues that may prevent you from achieving your desired results. Lucky for you, we're here to help you focus on the task at hand and eliminate potential risks as you search for your ideal residence.
Now, let's take a look at three tips to help you avoid risks throughout the homebuying journey.
1. Set Realistic Homebuying Expectations
How you search for a home may determine whether you are successful or unsuccessful. For example, if you evaluate houses that fall outside your price range, you may struggle to find a home that you can actually afford. On the other hand, if you establish realistic homebuying expectations from the get-go, you may be able to streamline your house search.
Think about where you want to live and how much you can afford to pay for a home. Also, you should consider home must-haves and wants. With this information at your disposal, you can avoid the risk of missing out on an opportunity to acquire a residence that matches your expectations.
2. Get a Mortgage
Getting pre-approved for a mortgage is pivotal. Because if you obtain a mortgage today, you can enter the housing market with a budget and narrow your house search accordingly. Perhaps most important, a mortgage enables you to avoid the temptation to pursue homes that be priced beyond your budget.
Consult with banks and credit unions, and you can learn about a broad array of mortgage options. Then, you can select a mortgage and kick off your search for your dream residence.
3. Work with a Real Estate Agent
Problems may arise at any point during the homebuying journey. And if you're unsure about how to address these issues, it may be tough for you to acquire your ideal residence. Fortunately, if you hire a real estate agent, you may be able to identify and address homebuying problems before they escalate.
A real estate agent understands the housing market and is happy to share his or her expertise with you. This housing market professional can teach you about the differences between a buyer's and seller's market, help you prepare a homebuying strategy and much more.
Let's not forget about the assistance that a real estate agent can provide as you get ready to submit an offer on your dream home, either. A real estate agent will help you craft a competitive homebuying proposal. Furthermore, he or she will negotiate with a seller's agent on your behalf and do everything possible to ensure you can acquire your dream residence at a budget-friendly price.
Take control of the homebuying journey – use the aforementioned tips, and you can limit risk as you search for your ideal house.