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Sellers

Dec 17
0

Home Improvement Projects are booming

By | Around the house, Buyers, Sellers | No Comments

The Return on Home Improvement Projects

NAR’s 2015 Remodeling Impact Report shows both buyers and sellers  benefit of a completed home improvement project. The report documents the reasons why a particular project is chosen and measures the happiness a project can bring the owner once the project is complete. Sixty-four percent of respondents experienced increased enjoyment in their home after completing a project,  75 percent of respondents said they felt a major sense of accomplishment. Although home improvements can be time consuming and sometimes costly, these positive responses seem to indicate that the end result is worth the investment.

When it comes to interior projects:  kitchen upgrades, complete kitchen renovations, bathroom renovations and new wood flooring are among the best investments. These projects also appear to have the highest expected value at resale. Exterior projects that bring the best return on investment and attract potential buyers are: new roofing; new vinyl windows; new garage doors. The majority of these exterior projects are projected to nearly cover their cost at resale.

Remodeling projects can greatly improve both the value of and satisfaction with your home. This makes a remodel project worth your while, no matter the reason for a project,

This report highlights the best projects to consider in either situation and showcases just how much of a difference a good and professional remodel can make in real numbers.

Mirjam

Sep 21
0

Location – disclosures : Mold…

By | Buyers, Sellers, Sonoma County info | No Comments

GiethoornGrowing up in the Netherlands and living in older homes, mold was something we didn’t think to much about, clean the area thoroughly every so often and that was it… Now I am involved in selling property, I do look a little different at the subject.

Disclosures: when buying or renting in California, it feels like the amount of disclosures are never ending. One of them is the Residential Environmental Hazards booklet. It informs about hazards in and around the home. One of them is mold.

Blue cheeseRealize that mold is a hazard but also a friend… How so? Think about that delicious blue cheese… the blue stuff is… mold. And penicillin is made from mold. It is a fungus, in the same family as mushrooms.

But mold can also be an environmental hazard. There are several different types of mold. Black mold is toxic and an environmental hazard. Realize that mold can grow on virtually any organic substance, as long as moisture and oxygen are present. This means if the cause is remedied – lack of ventilation, moisture – and affected area is cleaned, mold will not come back.  

When selling property, sellers are recommended to have a “Pest Inspection” done prior to putting the home on the market. At that time items that need correction can be addressed prior to putting the property on the market. Buyers are recommended to also have an inspection done as part of their due diligence. The inspector will always have solutions when problems arise, or will recommend preventive maintenance as needed.

Mirjam

 

Mar 23
0

Making that move into your dream home

By | Buyers, Sellers, Sonoma County info | No Comments

There are quite a few people who’s situation has changed and their current life style does not match the home they are living in. It’s either to small, too big, the yard is to small or too big, to name just a few.

YardRight now there is not a lot of inventory in the wine country. Homes sell fast and quite often with multiple offers, sellers have a choice when offers come in.

So how about moving into your dream home?  Option 1:  Selling and moving into a rental means you have to move twice. Not so desirable.

Option 2: Making an offer contingent upon the sale of a home. This might not get your offer accepted. Why would a seller choose a more difficult transaction when there is the option of a sale without this contingency.

Option 3: A better option is this market is to sell your home contingent upon you finding a new home. This means that you might have to go with a little lower asking price to make sure that you have found a committed buyer who is willing to wait.  Then, when you find your dream home, finalize the sale of your current home and rent back for a week or 2. The money received from the sale of your home can be used to purchase your new home.

There are many options to consider when buying and selling real estate, your local Realtor will be able to help you sell your home and  move into your dream home, taking the local market conditions into account.

Mirjam

 

Feb 02
0

Staging a home works and sets expectations.

By | Buyers, Sellers | No Comments

Millbrook frontWhen showing homes to prospective buyers, I always love to show homes that are Staged. These homes are free of clutter and show well. It is easy for a buyer to see whether it would be a good match for their needs. Staged homes tend to sell faster and quite often for more money.

The initial decision to purchase a property is an emotional one and  driven by the sub conscious. It’s a great house, feels good, has lovely colors, great yard etc etc. This decision is justified afterwards by reason: the house is well maintained, no major flaws, great neighborhood etc etc. The different property inspections confirm the condition of the house, major appliances plumbing, electrical etc etc.

There is a flip side:

Staged KitchenWhen a home shows well it sets the expectation that it is well maintained and there are maybe only a few items that need attention. Imagine the response of a buyer who totally falls in love with a house and the inspections show a list of major and minor problems that need attention: plumbing leaks, improper drainage, ducts laying in the mud, a patched roof at the end of it’s life etc etc. The response more often than not is: what else is not maintained/taken care of/do we not know?Staged family room

While it is always wise to do at least a pest inspection prior to putting a home on the market, it is a must for homes that staged to perfection. I also highly recommend a general home inspection. The reason being the incredible first impression might turn into a incredibly low one. Neither of these are true to reality yet it is what is very likely to happen.

Especially in the higher priced areas -Sonoma County, Napa County- it’s worth spending the $350-$400 on a pest inspection to avoid cumbersome negotiations while in escrow. Preparing for a smooth sales process is beneficial for all parties involved.

Mirjam