Boulder Real Estate Blog
Recently posted or modified blog posts in the category - Home Selling in Boulder, Colorado
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2023-07-06T09:58:26-07:00
tag:boulderhomesource.com,2012-09-20:3035
Planning to Sell? How to Stage a Home for Maximum Impact
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/how-to-home-stage-like-a-pro.jpg" alt="Professional Home Staging for a Successful Sale" width="475" />If you're looking to <a href="https://www.boulderhomesource.com/blog/how-to-sell-your-house/">sell your home</a>, home staging is an excellent way to make sure your house stands out from the competition. With the right techniques, you can <a href="https://www.boulderhomesource.com/blog/pricing-homes-for-maximum-profit/" title="How Real Estate Agents Price Your Home for Maximum Profit">maximize the profits of your sale</a> and leave a lasting impression on potential buyers. If you plan on staging your home yourself, here's how to do it like a pro, from creating curb appeal to perfecting bonus spaces so you can put your best foot forward during showings.
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For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Understanding Home Staging
Home staging can be intimidating, but it's an invaluable tool for maximizing your home's selling potential. Home staging is the process of preparing a house for sale to make it more attractive to buyers. Its process includes the following actions:
Decluttering, which can also <a href="https://www.boulderhomesource.com/blog/managing-home-selling-stress/">reduce stress during the home sale</a>
Deep cleaning
Depersonalizing
Rearranging furniture
Decorating with neutral colors and accessories
The goal of home staging is to create a warm and inviting atmosphere that will appeal to potential buyers. Benefits of staging include increased buyer interest, faster sale time, and higher offers from the perceived value of the property.
With a few simple tips and tricks from experienced professionals, you too can turn your home into one that buyers won't be able to resist!
Create Welcoming Curb Appeal
A well-maintained entrance can instantly create a warm and inviting atmosphere that will make potential buyers feel welcome in your home. To achieve this, there are several steps you should take to maximize the curb appeal of your home:
Ensure your front lawn is regularly mowed and trimmed
Plant lush, colorful flowers or shrubs along walkways or near windows
Paint the exterior of your home if it appears dull or faded
Put out decorative pieces like a welcome mat or potted plants by the entry door
By taking these simple steps, you can drastically improve the look of your entrance and give prospective buyers an excellent first impression.
Master the Art of Furniture Placement
Proper furniture placement can transform your space into a beautiful, inviting home. To create an inviting atmosphere, mastering the art of <a href="https://foxyhomestaging.com.au/2022/01/18/8-furniture-layout-rules-for-home-staging/" target="_blank"">furniture placement</a> is essential. From maximizing space and flow to selecting pieces that bring balance and functionality to your room, you must pay careful attention when arranging furniture for a successful staging project. Take the time to measure all spaces and consider how each piece will work with other elements in the room before making any decisions.
Showcase Beautiful Interiors
Bringing out the beauty of your home takes skill and imagination. To showcase your home's beautiful interiors, start by selecting a cohesive color palette that reflects your style. Utilize lighting to highlight features in the room and incorporate tasteful accessories that add character without cluttering the space. As mentioned above, furniture placement is key; arrange your pieces so they're easily navigable while also leaving enough breathing room for visitors.
Captivate Potential Buyers with Eye-Catching Decor
Now that you've created beautiful interiors, it's time to really impress potential buyers with eye-catching decor. You don't have to go overboard—a few carefully placed items can make all the difference!
Utilize styling shelves and surfaces, add decorative elements strategically, and use artwork and mirrors effectively to create a captivating look. With thoughtful placement of these items, you can be sure your staging will be successful in helping buyers envision themselves living there.
Create Warm Bedrooms
Creating a warm bedroom can be as easy as adding a cozy comforter and some decorative pillows to the bed. You can also bring a few extra pieces of furniture into your main bedrooms with an accent chair or small ottoman to give the room more depth and character. For guest bedrooms, select neutral colors for bedding and wall decor. To make children's rooms feel more fun, add colorful accents like bright throw pillows, rugs, curtains, or wall art.
Transform Bathrooms into an Oasis
Transform your bathroom into an oasis with a few simple touches and potential buyers will feel like they're in a luxurious spa! Start by deep cleaning and decluttering, then update fixtures and hardware for a fresh look; <a href="https://www.boulderhomesource.com/blog/bathroom-upgrades-with-high-roi/">high-ROI bathroom upgrades</a> are a great option if there's room in your budget. Finally, add spa-like touches such as plush towels, scented candles, or houseplants to create an inviting atmosphere.
Perfect the Dining & Entertaining Spaces
To make these spaces look their best, start by staging the dining room. Make sure your furniture is arranged in a way that promotes conversation. Create a focal point like an art piece or another decorative item, then focus on setting up entertaining areas. Designating different sections for eating, lounging, and playing can help potential homebuyers envision themselves hosting guests in your space.
Lastly, don't forget about creating an inviting atmosphere—this could mean adding candles or strings of lights to create ambiance and warmth.
Utilize Your Home's Bonus Spaces
Making the most of those bonus spaces in your home can turn them into inviting, cozy spots that will draw the eye and create a lasting impression on potential buyers. Transforming basements and attics is a great way to show off unique features while adding living space to your home. A finished basement can serve as an extra bedroom or game room, while an attic can become a cozy reading nook or craft room. Therefore, you'll want potential buyers to remember this by making these spaces stand out.
Final Touches & Finishing Details
Bringing out the best of your property through finishing touches can take it to the next level, creating an atmosphere that captivates guests and boosts its value. From checking for any missed areas to adding fresh flowers and scents, these small details make all the difference. Incorporating sensory elements like a calming natural scent or subtle background music can increase appeal and help create a memorable experience for potential buyers.
Ready to Stage Your Home Like a Pro?
Learning how to stage your home professionally is an invaluable skill for anyone selling their property. Not only does it assist in creating an appealing atmosphere that invites potential buyers in, but it also ensures you can successfully <a href="https://www.boulderhomesource.com/blog/showing-house-while-living-in-it/">show your house while living in it</a>. By following the strategies outlined above, you're turning your home into an inviting space that feels both lived-in and ready for new occupants—ultimately helping you highlight the property's strengths, diminish any weaknesses, and lead to a successful, efficient sale.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2023-07-06T07:00:00-07:00
2023-07-06T09:58:26-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:28957
Sell Your Home First: The Smart Approach to Buying and Selling a Home
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/sell-before-buying.jpg" alt="Selling Your Home Before Buying Another" width="475" />Are you getting ready to sell your home? It can be overwhelming to navigate the real estate market, but one piece of advice almost always applies: sell your home before buying a new one. There are several reasons why this is the best course of action for most sellers. Some unique circumstances may make buying a home before selling possible, but it can also lead to numerous complications and typically results in extra <a href="https://www.boulderhomesource.com/blog/managing-home-selling-stress/">home selling stress</a>. If you want to move homes as smoothly as possible, here are all the reasons you should sell before you buy.
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For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
You Know Your Exact Budget
Selling before you buy gives you an exact idea of your budget. Without selling your current home first, you may overestimate your budget and fall in love with a house you can't afford.
<a href="https://www.boulderhomesource.com/blog/pricing-homes-for-maximum-profit/">Real estate agents price homes for maximum profit</a> within reason, so working with a qualified agent can help you determine the realistic selling price of your current home. They'll consider factors such as the current market conditions, comparable sales in your area, and the state of your home when determining the listing price. This way, you'll have a better idea of how much money you'll have available for your new home purchase.
Knowing your exact budget can also narrow your home search and save time looking at homes outside your price range. You'll also have access to the funds you need to make a strong offer and get accepted quickly.
You Don't Have to Worry About Paying Two Mortgages
Most people don't want to deal with two mortgages at once. Unless your old home is paid in full, you'll have to keep up with payments until it's sold. This can be incredibly stressful and financially risky, particularly if selling your old home takes longer than expected. Not only will you need to make two mortgage payments, but you'll also need to cover all the other expenses that come with owning two homes, such as insurance and property taxes.
There are already plenty of <a href="https://www.boulderhomesource.com/blog/mistakes-to-avoid-when-selling-your-home/">mistakes to avoid when selling your home</a>, so it’s generally inadvisable to add an extra (unnecessary) complication to the process.
By selling your home first, you can avoid all these complications and focus on finding your dream home without any extra financial burdens. You'll be able to make an offer on a new home with confidence, knowing that you have the funds available to complete the purchase. Plus, you'll have the peace of mind that comes with knowing that you're not taking on any unnecessary risks.
You Can Increase Your Profits From Selling
Everyone wants to sell their home for more than they paid. By selling your home first, you can increase your profits from selling. When you have time, you can wait for the best offers to come in rather than being forced to accept the quickest offer.
Moreover, when you list your home first, you can take the necessary steps to prepare your home for sale. With all repairs and renovations completed, you can ensure your home is in tip-top shape. You can also <a href="https://www.boulderhomesource.com/blog/planning-to-sell-how-to-stage-a-home-for-maximum-impact/">stage your home for maximum impact</a> to make it more appealing to potential buyers. This can increase your home's perceived value, leading to higher offers.
When you sell your home first, you can negotiate more effectively with potential buyers. You can take your time and arrange for the best terms, such as a higher sale price, fewer contingencies, and a shorter closing period.
Your Home Offers Will Be More Appealing to Sellers
By listing your current property before making an offer on a new one, potential sellers will find your offers more appealing and may be more willing to accept contingencies. This is because other sellers prefer buyers who aren't tied up in multiple transactions, as it reduces the risk of the transaction falling through.
When you have already sold your current home, you have more negotiating power to offer on a new home, as you don't need to include <a target="_blank" href="https://www.inman.com/real-estate-glossary/contingency/">real estate contingencies</a> in your offer, depending on you selling your current home. Additionally, you have a clearer understanding of your financial situation, which can help you make a more competitive offer.
Sellers also appreciate buyers who have sold their homes first because it indicates that you're serious about the transaction. By taking the time to sell your current property, you have demonstrated that you're committed to buying a new home. This can help build trust between you and the seller, leading to a smoother transaction.
When a seller sees that you're serious about buying their home, they may be more willing to work with you on contingencies and other aspects of the sale.
Sell Your Old Home & Buy Your Dream Home
When it comes to buying and selling a home, it's almost always better to sell your current home first. By doing so, you'll know your exact budget, avoid the burden of paying two mortgages, and increase your profits from selling. In order to <a href="https://www.boulderhomesource.com/blog/how-to-sell-your-house/">master the art of selling your house</a>, your best bet will be to do so on your own terms; more often than not, this will entail selling your current home first.
One step at a time is essential to ensure a smooth and successful process. So take the time to sell your current home before buying a new one.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2023-07-03T07:27:22-07:00
2023-07-03T07:38:51-07:00
Greg Smith
tag:boulderhomesource.com,2012-09-20:3078
Legal Documents You Need to Sell Your Home: What Paperwork is Required to Sell?
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/selling-papers-that-home-sellers-need-to-understand.jpg" alt="All About Documents Related to the Sale of Your Home" width="475" />Attention to detail can be a key to success when selling your home. Having all the necessary paperwork and documents is essential to ensure a smooth sale. This includes financial information, disclosures, inspection reports, legal sheets, title documents, and additional certifications. Gathering these documents ahead of time will help make the selling process completely stress-free. Whether it's your first or tenth home sale, these are the documents and paperwork you must have when selling your home.
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For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.
Documents Needed Before You List Your Home
When selling a home, it is vital to have all the necessary paperwork and documentation prepared in advance, as failing to do so is one of the critical <a href="https://www.boulderhomesource.com/blog/mistakes-to-avoid-when-selling-your-home/">home selling mistakes</a> that can hold up a transaction. Property documentation, such as deeds and titles, should be gathered, along with records of any improvements made to the home. Homeowners Association (HOA) documents may also need to be included when a sale is finalized. Knowing what documents are required beforehand will help make selling your home easier and smoother.
Property Documentation
Having all your property documents in order is absolutely essential when you're selling your home. This includes deed and title documents, mortgage and loan information, and property survey reports. These documents will provide evidence of the ownership and condition of the property, so it's important to ensure that they are accurate and up-to-date before putting your home on the market.
Home Improvement Records
Keeping track of all home improvement records can be critical when selling your house, and not just for the buyer's peace of mind. This includes renovation and remodeling permits, significant repairs and maintenance receipts, and energy efficiency upgrades. Having these documents on hand will prove that you have taken care of the property, which is likely to increase its value in the eyes of potential buyers. Furthermore, these records may also be necessary for any tax deductions associated with home improvement projects.
Home Inspection Reports
Before listing their home for sale, some homeowners may get a <a href="https://www.investopedia.com/terms/h/home-inspection.asp" target="_blank">home inspection</a>. After coming to see the home, the inspector will produce a report detailing the condition of the property. The report will identify problems big and small. The inspection is provided to home buyers as a part of the disclosures about the house. Home sellers who make repairs to their home after getting a report can also disclose repair information to the potential buyer. Some states require home sellers to disclose recent home inspections to potential home buyers - ask your real estate agent for details.
Outlining information about what was recently repaired can help reassure buyers that the house is in good condition. Getting the inspection done in advance can help ensure that the home selling process will go smoothly.
Appliance and Materials Warranties
Sellers who have recently made upgrades to their house may have new products and materials in their home, and often these products come with warranties. These documents are a bonus for buyers, as long as the warranty transfers from one owner to another when the house sells. Home sellers probably want to give these documents to the buyer at the time of purchase.
Some contractors will provide warranties for their work after a major renovation or remodel. If these warranties transfer over to the new owner, the seller may provide these documents to the buyer as well.
Homeowners Association (HOA) Documents
Staying current on all of your HOA documents can be critical for understanding what's expected of you as a homeowner. This includes 1) Covenants, conditions, and restrictions (CC&Rs); 2) HOA fees and assessments; 3) Rules and regulations. These rules and regulations provide guidance on how residents should conduct themselves to maintain a certain level of safety, cleanliness, or privacy, making them invaluable to the home-selling process.
Financial Documents
When gathering financial documents, sellers must have all their mortgage and loan information ready. They'll also need their tax records and home insurance records. All these items will be essential when preparing to sell their home.
Mortgage and Loan Information
Numerous parties, including the closing attorney or the title company, will likely want to see several documents related to your mortgage before finalizing a sale. For instance, you must provide:
Your current loan statement and all mortgage loan information
Mortgage payoff information
Documentation for any second mortgages or home equity loans associated with the property
Keeping these documents from y our mortgage lender up-to-date and easily accessible before listing the property will benefit all parties involved.
Tax Records
While property tax records are readily available as public information, personally providing them can help sell your home faster. This includes recent property tax statements, documentation of any applicable property tax exemptions, and capital gains tax information. Having these documents on hand will help the sale go more smoothly and prevent potential delays or complications.
Home Insurance Records
When selling a house, it's important to have your home insurance records ready. This includes the homeowner's insurance policy documents, claims history and coverage details, and applicable home warranty information. These documents will give potential buyers peace of mind that their investment is secure and protected.
Disclosures & Reports
<a href="https://www.geraghtylawoffice.com/real-estate-disclosures" target="_blank">Mandatory disclosures</a> when selling a home vary from state to state, reflecting the differences in each jurisdiction's property laws. In many states, sellers are obligated to complete a disclosure statement or survey, where they must inform potential buyers of any known issues pertaining to the property. This may include defects related to key aspects of the house, such as the foundation, plumbing, and HVAC systems, among others. This disclosure system promotes transparency and ensures buyers are fully aware of the property's condition before purchasing.
Conversely, there are also states where the onus is placed on the buyer to uncover any potential issues. In these instances, the buyer's responsible for arranging and conducting a comprehensive home inspection to reveal any structural problems or other compromising issues. This differential in mandatory disclosures underscores the importance of understanding local real estate laws when participating in property transactions.
Legal and Title Documents
Legal and title documents required when selling your home may include a signed purchase agreement, a title search, title insurance, and other closing documents. Professional agents and lawyers can handle all these to ensure the process runs smoothly.
Purchase Agreement
Signing the Purchase Agreement is a crucial step in selling your home, signaling a legally binding commitment to the terms and conditions of the sale. This document outlines all of the essential details related to the sale, including the purchase price, closing date, financing arrangements, real estate taxes, and any contingencies that have been negotiated between buyer and seller.
Title Search & Title Insurance
Once the Purchase Agreement is complete, it's time to move on to the title search and insurance. This step is essential for a few reasons: it helps clear any title defects that might be associated with the property, provides protection against ownership disputes, and offers peace of mind for both buyer and seller. To ensure a successful transaction, here are four key steps in conducting a title search:
Obtain an official copy of the real estate deed
Check public records for any liens or encumbrances
Review the chain-of-title history
Investigate any easements or rights of way attached to the property.
Closing Documents
Completing the sale of a home requires signing various closing documents, so review them carefully before you sign. These documents include the Settlement Statement (HUD-1 or Closing Disclosure), loan documents, and transfer of ownership documents. All of these papers should be reviewed in detail to make sure that they accurately reflect all terms and conditions agreed upon by both parties before the closing date. It's essential to understand what you are signing as it will affect your legal rights regarding the sale of your home.
How a Real Estate Agent Can Help You With the Paperwork for Selling a House
Selling a property involves a significant amount of paperwork and document management, which can quickly become overwhelming for homeowners. Fortunately, a professional real estate agent can provide invaluable assistance in organizing and managing the necessary paperwork, ensuring a smooth and efficient selling process.
That's where hiring a real estate agent comes in. Agents have sold countless homes, and their experience managing the paperwork burden can make a home sale run more smoothly. Paperwork on a <a href="https://www.boulderhomesource.com/blog/why-for-sale-by-owner/">FSBO home sale</a> can be much more arduous to manage due to the absence of an agent on your team.
By enlisting the help of a real estate agent to organize your selling paperwork and documents, you can alleviate stress and ensure a streamlined process. Their expertise in document management and knowledge of the required paperwork will give you peace of mind, knowing that your documents are properly organized and submitted in a timely manner. With their support, you can focus on other essential aspects of selling your property, confident that the paperwork is being efficiently handled by a professional.
Get All the Documents Required to Sell Ready For an Easy Home Sale
Selling a home can be stressful, but having the correct paperwork on hand to make it as smooth as possible is essential. It's important to have your financial documents, disclosures, reports, and any other necessary certifications ready to go to avoid any last-minute issues. With the proper documents, sellers can rest easy knowing they are well-prepared for their sale.
For informational purposes only. Always consult with an attorney, tax, or financial advisor before proceeding with any real estate transaction.
2023-06-30T19:55:00-07:00
2023-07-03T07:51:42-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:5908
3 Ways to Market Your Home
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/how-to-market-your-home-to-sell.jpg" alt="How to Market Your Home in 3 Easy Ways" width="475" />When selling a <a href="https://www.boulderhomesource.com/superior-real-estate/">Superior</a> home, the process is a bit more involved than it seems. In order to get word out about the home, it takes more than just putting a listing on the internet and letting buyers find it. If a seller wants to expose their home to the highest number of buyers possible, they need to put a bit of work into it, and this is where marketing comes in. Fortunately, it isn’t necessary to have a degree in marketing to be able to market a home. Here are some easy ways to market a home for sale.
Use Social Media to Its Fullest
It’s easy to think that the only way to market a home on the internet is by putting the home up on real estate websites, but that isn’t quite true. Homeowners can do more to help market their home by using social media to supplement those listings. For instance, a homeowner can make a Facebook page or <a target="_blank" href="https://www.inman.com/next/25-killer-pinterest-real-estate-board-suggestions-to-target-buyers-and-sellers/">a Pinterest board</a> for their home. Here, they can post pictures that didn’t make it into the official home listing, or they can talk in-depth about what they love about the home and what makes it special.
Home listings can seem stifling with the sort of information you can include and how many photos you can supply. Having an alternate webpage to link to lets the homeowner have a space where they can really show off their home and talk directly to buyers.
Have an Obvious For Sale Sign
It’s common for homeowners to dislike having a For Sale sign in their yard because it can come off as an eyesore. Some homeowners will even do their best to hide the sign by putting it in the window of the home or completely forgo using one. However, this can actually be harmful to the sale of the home. The number one way of <a href="https://williambolls.com" target="_blank">finding homes for sale</a> today is currently through online listings, but the second most common way is by driving past homes and seeing that For Sale sign. If the homeowner doesn’t have a sign, they could be missing out on a lot of interested buyers who want to see their home. To ensure that a home is accessible to as many buyers as possible, the homeowner needs to put their For Sale sign in as noticeable a place as they can.
Use the Multiple Listing Service
Homeowners who have never sold a home before may not be familiar with the Multiple Listing Service (MLS). The MLS is a database that is made up of homes and properties for sale that can only be accessed by real estate agents and Realtors. Likewise, the only way to get a property onto the MLS is by having an agent submit the listing to it, making yet another reason why all sellers should have a <a href="https://www.boulderhomesource.com/blog/choose-a-real-estate-agent/">real estate agent</a> and not <a href="https://www.boulderhomesource.com/blog/why-for-sale-by-owner/">sell the home as FSBO</a>.
By using the MLS, agents can talk to one another and try to make deals with other agents. These agents can work together to try to match one client’s wish list with the home another client is trying to sell. This can help sellers find buyers and buyers find homes, so everyone wins in the end. While most agents use the MLS, sellers should always bring it up with their agent just to make sure their home is posted on it.
While marketing can seem confusing, it doesn’t have to be. These are easy ways to help boost a home’s presence that any homeowner can do on their own.
2020-03-04T05:21:00-07:00
2020-04-23T13:27:20-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:5505
4 Reasons To Use a Drone When Selling Your Home
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/how-drones-can-help-sell-your-home.jpg" alt="Selling Your Home? Try Using a Drone" width="475" />For sale listings for homes have evolved a lot since taking out an ad in the local paper or just plopping a "for sale" sign in the front yard and calling it a day. Now, many buyers expect photo galleries full of pictures of every room in the home from every angle imaginable and video walkthroughs so they can feel like they’re in the home without actually being in the home. But a new method of capturing footage of a home is becoming more popular recently: drone technology. Here is what sellers should know about drones and why they should consider using them while marketing their <a href="https://www.boulderhomesource.com/niwot-real-estate/">Niwot home for sale</a>.
Drones Are Affordable
It’s easy to assume that because drones are still a very new technology, hiring someone to film something like a property fly-over would be expensive and only for homeowners who have plenty of disposable income. However, this isn’t true. The price of one drone session will vary depending on factors such as how many shots are required, but the price range can be anywhere from $200-$600. Someone who just wants a few shots can expect to pay on the lower end of the spectrum.
Drones Can Capture More Angles Than Normal Photography
When taking a photo by hand, there aren’t very many angles a homeowner can use to capture their home. But when using a drone, there’s a brand new world of possibilities. Homeowners can now do a walk-around of the property and show a fluid video of their home from all sides to make online viewers feel like they’re actually there. Drones can also do things like show off a <a href="https://www.boulderhomesource.com/blog/popular-roofing-material-choices-for-homes-today/">new roof</a> or the siding on the second story much better than a person can from ground level.
Drones Can Capture Large Properties
One advantage that drones have above any other time of photography or videography is how well they can capture large properties. Homeowners who own several acres of land can hire a drone to fly over it and capture all parts of it to show them off properly. A photo of a pond on the property can get across to buyers that there is a pond on the property, but a video taken by a drone flying over the pond can do much better at showing the size and scope of it. This extends to everything that may exist on a large property and also shows where things are in relationship to each other.
Drones Provide a "Wow Factor” On Listings
A well-edited video taken by a drone can create a lot of excitement for buyers viewing the listing online. Not many people use drones for home listings, so seeing one on a real estate website in and of itself is something new and exciting that buyers aren’t expecting, so from the very beginning, that can help make a good first impression. Whether it’s a showcasing of a large property or a <a target="_blank" href="https://wistia.com/learn/production/producing-real-estate-videos">video walkthrough</a> of the entire home to let buyers feel like they’re already there, just the inclusion of something created by a drone can make buyers say, “Wow!”
Drone technology may still be new, but it’s definitely found a home in real estate. Using a drone to showcase a home and its property can really help set it apart from the competition, so sellers would be remiss to skip out on drone photography and videography, especially in a <a href="https://www.boulderhomesource.com/blog/selling-a-home-in-a-buyers-market-what-you-need-to-know/">competitive market</a>.
2020-02-19T05:31:00-07:00
2022-04-15T06:16:16-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3655
How to Successfully Sell a Home with Pets
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/how-can-you-sell-a-home-with-pets.jpg" alt="Sell a Home with Pets" width="475" />It can be difficult enough to <a target="_blank" href="https://www.boulderhomesource.com/blog/selling-a-home-in-a-buyers-market-what-you-need-to-know/">sell a home</a>, but doing so with pets may require more preparation from a homeowner. An agent is often able to provide suggestions to help pet owners sell their home but it is up to owners themselves to implement the advice. Understand how pet owners can better position their home to sell today.
What to Do with Pets
Pet owners are understandably <a target="_blank" href="https://www.psychologytoday.com/us/blog/canine-corner/201711/why-people-sometimes-care-more-about-dogs-humans">attached to their furry companions</a>. However, the home selling process can also be stressful on a sensitive dog or cat. While not the most inexpensive option, relocating a pet during the period that a home is listed is a solid choice for all. Sellers do not have to worry about where to put a pet during a last-minute showing and the agent and any visitor can see all the rooms and spaces of a home without worrying about the potential behavior of a resident pet. When this is not feasible, pet owners can also:
Have a pet visit with a neighbor, friend or relative;
Board them for a period;
Move out with the pet; and
Take them to work for the day.
These choices can allow visitors a pet-free experience. Putting a pet in a room, the basement, garage or backyard may make it harder to show the property and may lead to a negative experience for potential buyers.
Eliminate the Evidence
Pet owners have to prepare more before an open house or showing. Aside from hiding or storing kitty litter boxes, bowls and toys, it will be necessary to remove all pet hair and messes. Check with an agent if pet odors are an issue as a homeowner can easily go nose-blind and not pick up on peculiar smells.
Pets Can Make Selling More Challenging
The majority of <a target="_blank" href="https://www.boulderhomesource.com/erie-real-estate/">Erie CO home buyers</a> want to walk into a property that does not appear to be home to a pet. Putting a pet in one of the rooms during a showing is not enough. Homeowners can feel uncomfortable with pets and may not have experience with a family pet. Some people have allergies to pet dander and hair. Dogs, cats and other pets can act in irrational ways when confronted with strangers in their home. The preconceptions and feelings of buyers often dictate the best route to take to sell a home quickly.
2019-07-03T14:55:00-07:00
2019-07-03T15:56:59-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2723
Transfer Real Estate Ownership With Fee Simple Absolute
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/fee-absolute-simple-in-real-estate.jpg" alt="What is Fee Simple Absolute and What Types of Estates Exist?" />Selling your home involves more than simply signing a home sale contract and handing off the keys. There are, in fact, many different ways you can transfer actual ownership of your land to a new buyer. Transferring your land in fee simple is one of the most thorough of the many options.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Types of Estates
Fee simple, also sometimes referred to as fee simple absolute, is an estate in land, at its core. There are freehold estates and leasehold estates of a number of different varieties. To own a freehold estate means that the land you own is generally yours free and clear and can be transferred at will whenever you like. Leasehold estates, on the other hand, are estates in which the interest you own is subject to a larger interest. Generally, that interest belongs to the landowner in the form of a freehold estate itself.
What is Fee Simple Absolute?
Fee simple is an estate in land that takes the form of a freehold estate. In common law countries like the United States, it is the most common way to own property. It is also usually the most complete means of ownership that can be obtained in property. The only one that exceeds it in terms of breadth and freedom of transferability is allodial title. Allodial title, however, is usually reserved solely for government entities.
What Is The Difference Between Leasehold And Fee Simple?
Leasehold and fee simple transactions differ in very important ways. Understanding these two real estate ownership structures can help you make the best purchase decisions possible.
When you make a real estate purchase using the fee simple structure, the transfer of the property to you will occur in full and without any restrictions. While operating within code guidelines, you are free to do what you want with the property that you own. Until you sell the property, or transfer ownership upon passing, you own the real estate outright and no one can take it from you.
With leasehold ownership, on the other hand, you simply lease the property from the owner without receiving the title to the land. This leaves the property under the ownership of the original titleholder while giving you permission to use the land for a certain amount of time. At the end of that period, full ownership and usage rights reverts to the named owner on the deed.
Transferring Ownership With Fee Simple
Consequently, fee simple is a very acceptable and thorough way to transfer ownership of your property to someone else. While fee simple does represent an absolute ownership in the property in question, it is still subject to four basic government powers. These are taxation, eminent domain, police power and escheat. It's also possible that an encumbrance like a lien that is on the property or a deed restriction could limit ownership in that regard.
Overall, fee simple is the way to go when it comes to transferring your property ownership to a new buyer. It is the most comprehensive and complete means of ownership that most non-governmental property owners can hope to acquire. While its scope and freedom of transferability could be limited by government powers, encumbrances or conditions in the deed, absent those limitations, fee simple is the most thorough way to ensure the ownership of your property is properly transferred from one person to another.
Buy or Sell Boulder Real Estate Today
Learn more about real estate and <a rel="nofollow">Boulder CO homes for sale</a>. You can learn more about Colorado cities and what they have to offer your in terms of homes for sale. Our team of agents can help you sort through the <a href="https://www.boulderhomesource.com/lyons-real-estate/">homes for sale in Lyons CO</a> and help you find the home of your dreams.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-05-07T03:21:00-07:00
2022-04-19T10:10:51-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2698
Auction Methods To Help Sell Your Home Fast
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/selling-your-home-at-auction.jpg" alt="What to Know When Selling Your Home at Auction" />There could be times you feel like life is coming at you more quickly than you had anticipated. A Career advancement to a new town can create a disturbance in your life plans. Similarly, being out of work or the probability of a far better job can lure you to move to another area instantly. If this really is the situation and you own a home, you should sell as swiftly as possible.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Selling a Home in an Auction Rather Than Selling Conventionally
If people consider selling their house swiftly, they often visualize hiring a pricey real estate agent who will work relentlessly to discover for them a buyer in their price range. In the event you restrict yourself to this process, you could be getting left behind, however. Land sale auctions are fantastic alternatives to the common house selling procedure, and shows a method to sell your house even more swiftly, if you do things properly.
Entice a Bidding War in Your Auction
Most people probably view auctions as a fast-talking auctioneer and a bunch of rich investors lined up to boost their real estate holdings. Normal property buyers often attend auctions also however, and you've got one of two strategies you can utilize to get your home sold swiftly. The first entails putting a really small price on your house and hopefully to kindle what exactly is recognized as a bidding war. Get two or more serious home buyers to challenge each other and proceed making bids, hence bringing up the price, maybe even over what your house is really worth. This method is great in a strong economy where it's considered a seller's market.
Pricing More Conservatively at Auction
In a weakened economy, contemplate what is known as the Dutch method. Price your house conservatively just a little above what its current market value is. In the event you find no bidders, decrease the price just a little and go on doing so until finally you get a bite. This approach takes a lot longer in comparison to the "bidding war" method, but the very first technique actually banks on you being able to regain your losses if your property does wind up selling for considerably less than what it's been appraised at. Overall, both techniques are good alternatives, but a seasoned real estate agent can tell you which one may well benefit you the most ultimately.
What to Know Before Selling Your Home At Auction
There are many reasons that people are drawn to selling their home at auction. Primarily, auctions are fast and efficient. Unlike a standard real estate sale, which generally takes at least 6 weeks (and can take years), auction sales happen much more quickly.
During the process of selling a home at auction, buyers are allowed to see the home for a few hours before the auction begins. From this one viewing, they decide whether they want to buy the house or not. The auction itself proceeds much like other actions. Bidders compete against one another until the house is sold.
There are no official inspections, and the house is sold as is. There is only one home showing, and there is no escrow period. There's also no back and forth negotiation, as there is in a standard home sale.
Searching for <a target="_blank" href="https://www.boulderhomesource.com/">real estate in Boulder CO</a> or considering buying <a target="_blank" href="https://www.boulderhomesource.com/lafayette-real-estate/">Lafayette CO real estate</a>? You can find more information and access real estate listings from any region or city in Colorado. Our team of real estate agents is ready to assist you with any request you may have about properties you find listed on these sites.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-05-03T23:15:00-07:00
2019-07-16T12:34:56-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2660
Quitclaim Deeds And The Way They Change Property Transactions
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/real-estate-quitclaim-deeds.jpg" alt="What to Know About the Quitclaim Deed" />When selling or purchasing a home, there are many different things to consider. A home's price, size and age are all factors home buyers look into before committing to purchase a home. The particular type of deed being offered during the sale of the home should be no less important. For many people, however, this does not even become a consideration. While it can mostly be chalked up to lack of knowledge on a buyer's part, that doesn't mean it shouldn't be looked into just as carefully as other factors that contribute toward your decision to purchase a home.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Are the Obligations of Different Types of Deeds?
Different deeds come with different obligations to the original seller. Some absolve a seller of all or nearly all liability or responsibility after the home contract has been signed. If you are a buyer and the house is an older one with the potential for problems in the near future, this is not an ideal deed for you to obtain in most instances. Some deeds, on the other hand, offer more warranties and guarantees with which the seller must comply.
When Should You Use a Quitclaim Deed?
A quitclaim deed is thus the term describing a legal document where the home seller, or grantor, repudiates any interest in the property he or she once owned to the buyer, or grantee. More common deeds used to transfer ownership of real estate are grant deeds or warranty deeds. Quitclaim deeds, on the other hand, are more commonly used by family members transferring property between one another.
Another common use for a quitclaim deed exists when a divorce occurs. If a husband, for example, has agreed that his former wife can have their shared home, he could grant her a quitclaim deed. This would disclaim any interest he had in the property, transferring it solely to his former wife.
How to Approach Using a Quitclaim Deed
Quitclaim deeds are consequently one of the most basic of ways to officially transfer the title of your property. As a seller, you are less likely to incur any liability by executing a quitclaim deed. This is obviously not ideal for a buyer who will want some guarantees and warranties included in the deed, particularly if the home is older or not in pristine condition. Consulting a real estate agent and explaining your individual needs is a great way to ensure the most appropriate deed is executed for you as either a buyer or a seller.
How Sellers and Buyers Can Protect Themselves When Using a Quitclaim Deed
Quitclaim deeds provide less protection than other types of deeds. There is no warranty attached to this sort of deed. Additionally, a quitclaim deed has no effect on any mortgages that may be on the property. Because of this, care must be taken by all parties to protect themselves.
The grantor, the party transferring the property, should ensure that there is no <a target="_blank" href="https://www.investopedia.com/terms/d/due_on_sale_clause.asp">due-on-sale clause</a> in their mortgage, if they have one. When this sort of clause is present, any balance on the mortgage must be paid when the property is transferred.
The grantee, who is the person who is receiving the property, should do their own research to make sure that there are no other claims to the property.
Most importantly, it is vital not to transfer a property via a quitclaim deed unless it is between people who know and trust each other. Because of the lack of protection, a quitclaim deed should only be used by people who know and trust each other well.
Contact a Real Estate Agent Today
Searching for real estate in Boulder CO or considering buying <a target="_blank" href="https://www.boulderhomesource.com/lafayette-real-estate/">Lafayette CO real estate</a>? You can find more information and access real estate listings from any region or city in Colorado. Our team of real estate agents is ready to assist you with any request you may have about properties you find listed on these sites.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-04-24T23:44:00-07:00
2022-04-19T07:52:19-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2624
Using The Contract For Deed When You Sell Your House
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/real-estate-contract-for-deed.jpg" alt="Understanding the Use of a Contract For Deed Sale" />If you sell your <a target="_blank" href="https://www.boulderhomesource.com/longmont-real-estate/">Longmont, Colorado home</a> and wish that you can make a faster profit more than the usual, the contract for deed may be an excellent choice for you. The contract for deed is a legal real estate concept, and regardless of <a target="_blank" href="https://www.boulderhomesource.com/longmont-real-estate/longmont-neighborhoods/">what neighborhood you live in</a>, it can help you sell your home quickly if you're economically able to handle it.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What is a Contract for Deed Home Sale?
The contract for deed goes by a lot of different titles, like a land contract, seller-financing sale, or even an installment sale contract. Much like similar home sale contracts, both the seller and buyer enter into it, except on this occasion the seller is the one giving the buyer the funding needed to purchase the home. Instead of a bank or comparable kind of lending institution getting involved, the seller becomes this type of loan provider by supplying the buyer funds to buy the home in whole.
How Does a Contract For Deed Sale Work?
The seller consequently retains legal home title, while the buyer gets actual control of it and can use it in whatever way he or she wants, other than within the capacity of actually being able to sell it. Installments are the way the purchase price is repaid, often in a way extremely similar to a traditional mortgage. The buyer will likely have to do a balloon payment a lot earlier than they would if they had been working under a conventional home loan, nevertheless. A down payment by the buyer may also be needed for the seller to consent to finance the property for him or her.
The Value of a Contract For Deed Home Sale
A lot of various factors are available for wanting a contract for deed rather than its conventional mortgage equal. Numerous players within the real estate sales game favor it simply because a short-term seller financing type of plan is what they're after. Sellers in specific will enjoy this choice because the entirety of the loan will end up being repaid by the buyer far faster than it would in a bank-funded home loan choice. If a bank loan is needed, buyers will likely need to pay extra closing charges to have their financial background examined before obtaining loan approval, so a contract for deed is appealing at times to steer clear of this expense.
Is a Contract For Deed Sale a Good Fit For You?
Contract for deed can be a great choice for people who are able to handle the <a target="_blank" href="https://www.minneapolisfed.org/publications/community-dividend/risks-and-realities-of-the-contract-for-deed">financial responsibility</a>. With seller-financing, a buyer does not have to qualify for a mortgage. This can speed up closing and significantly reduce closing costs.
A contract for deed sale can mean more money in the seller's pocket. A seller can also set terms that will call for the buyer to pay off the cost of the home more quickly than a traditional mortgage.
However, with all of the positives of a contract for deed sale, there are also risks involved. The seller, for instance, is taking on all of the risks that a bank would in a traditional sale. Since individuals do not have all the tools at their disposal banks do to collect, the risk is greater.
Additionally, it is important to check local laws. Each state and many municipalities have specific rules about contract for deed that must be followed.
Understand How Contract For Deed Works in Your Area
Since the rules regarding contracts for deed vary by state, make certain to understand the regulations within your own area prior to proceeding. If a seller both has the money and trusts the buyer in such a way, offering a contract for deed could pay off in more ways than one for a seller.
Still haven't found a good solution to search for Boulder CO homes for sale? Use the <a target="_blank" href="https://www.boulderhomesource.com/">BoulderHomeSource</a> resource to find out more about different Colorado cities and homes for sale.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-04-23T22:58:00-07:00
2019-07-16T12:15:02-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2733
The Rent-to-Own Real Estate Selling Option
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/buying-a-home-rent-to-own.jpg" alt="Buying a Home Using Rent-to-Own Home Buying Options" width="475" />If you're trying to sell your home in this economy, you probably know that finding a buyer who wants to pay full asking price will be difficult. In most cases, it seems like today is a buyer's market, where terms can be dictated to a seller. Among all the foreclosures, as well, buyers can have their pick of properties from which to choose.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
The Value of a Rent-to-Own Home Purchase
Some sellers are just relieved to be able to sell their home at all in a tight market. Some, on the other hand, really want to sell their home for what they believe it's actually worth, down market or not. If you're the latter, there is another option to consider. Offering your home as a rent-to-own option may make sense, as a result.
What is a Rent-to-Own Home Sale?
<a href="https://zerodown.com/bay-area" target="_blank">Rent-to-own options</a> open you as a seller up to an entirely different set of people who might be interested in your property. These are tenants, and they bring with them a whole new set of responsibilities for you to deal with in their own right. There are plenty of horror stories about tenants not paying rent or trashing a leased premises. There are just as many good tenants out there, though, and many are those who would be interested in owning a home, if only they had the current financial means to do so.
How Does a Rent-to-Own Home Sale Work?
That's where offering a rent-to-own option comes in. You as seller (and landlord) can set the price you want to sell your home for in a rent-to-own contract, agreed upon by the tenant. While you will still technically own the property, most rent-to-own agreements set aside a specific portion of rent the tenant pays each month. This portion is later returned to the tenant to use as a down payment on the property when the lease term is up and it's time for them to sign an actual home sale contract.
As a tenant, this is a great deal, because a portion of the rent paid each month goes toward actually owning the property at some point down the road. As a home seller, you have someone paying all or most of your mortgage each month. Since most rent-to-own contracts are binding, you can also be assured the tenant won't back out of the agreement at a later point, although there are instances where a tenant might be able to walk away from the contract, such as if they cannot qualify for a loan. Overall, though, rent-to-own is a good option if you're a seller who's currently dissatisfied with the weak real estate market.
Learn More About Rent-to-Own Home Sales With a Boulder Real Estate Agent Today
Planning to move or relocate in Colorado? Receive helpful information about <a href="https://www.boulderhomesource.com/golden-real-estate/">Golden CO real estate</a> or <a href="https://www.boulderhomesource.com/lafayette-real-estate/">real estate in Lafayette CO</a>. Also, find detailed MLS real estate data on specific homes or properties for sale and receive help from real estate agents with the knowledge and expertise of the area.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-04-02T22:49:00-07:00
2022-04-19T08:42:20-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3324
Selling a Home In a Buyers Market? What You Need to Know
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/selling-a-home-in-a-buyers-real-estate-market.jpg" alt="Selling in a Buyer's Market: Tips for Homeowners" />When selling in a buyer's market, some homeowners may wait a long time before their house will fetch a good price. Other homeowners end up selling their home for less than they wanted. Using smart strategies during the home selling process can make selling a home easy for the homeowner.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What Is a Buyer's Market?
A buyer's market is a real estate market condition wherein there are more homes than buyers, and buyers have their pick of many reasonably priced houses. Selling a <a href="https://www.boulderhomesource.com/superior-real-estate/" target="_blank">home in Superior CO</a> in what might be a buyer's market can be a challenge because buyers can afford to be choosy.
Can You Get a Good Price in a Buyer's Market?
It's possible to sell a home for a good price in a buyer's market, however, homeowners may have to work hard to attract the best bids. There are many things that homeowners can do to prepare their property and get a good price in a buyer's market.
What Should You Do to Sell Your Home?
Homeowners who want to sell their property in a buyer's market can do so by making the property look as attractive as possible. To <a href="https://www.boulderhomesource.com/blog/planning-to-sell-how-to-stage-a-home-for-maximum-impact/" target="_blank">stage their home</a>, many sellers will make small cosmetic repairs like replacing the carpeting, or painting their cabinets. Other homeowners who want to make their house more attractive to buyers may do so by making concessions. For example, some may offer to <a href="https://www.thebalance.com/buyer-s-closing-costs-1798422" target="_blank">pay some or all of the buyer's closing costs</a>.
No matter what the homeowner decides to do to help the home sell more quickly, negotiations with a potential buyer should happen with the help of a real estate agent. A good real estate professional can help the homeowner get the best price possible.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-03-20T15:30:00-07:00
2019-07-16T12:07:44-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3320
Top Tips to Selling a Home in a Buyer's Market
<img style="display: block; float: right; margin-bottom: 30px; margin-left: 15px; width: 475px;" src="https://assets.site-static.com/userfiles/1183/image/how-best-to-sell-a-home.jpg" alt="Selling in a Buyer's Market? Use These Tips to Sell a Home Fast" />A buyer's market means sellers will be dealing with more competition as buyers have more options. A flood of available properties in the area may lead to a buyer's market, potentially forcing <a href="https://www.boulderhomesource.com/superior-real-estate/">Superior Home sellers</a> to lower their asking price to entice the right buyer. Individuals who are looking to sell a home in such a market may find themselves facing a unique set of challenges. Talking to a reputable local agent can provide some insights on how to best position a home to sell.
Understand more about how to navigate a buyer's market and sell a home to a qualified buyer today.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Pricing Your Home
A buyer's market is usually seen when there is a slowdown in asking prices. It can take more effort to make a home stand out in a buyer's market. However, the right agent can help. From understanding the state of the market, knowing the expectations of the general buyer, listing a home, staging it and more, there are many areas in which a reputable local agent can assist a seller in showcasing their home in its best possible light.
Price is one of the most important factors to be considered. Pricing higher than current comps, even if there have been substantial upgrades, may mean that the property lingers on the market. This can be a costly approach for those who need to sell a home quickly. The first two weeks are critical and pricing too high can reduce the amount of initial foot traffic that may be seen. Make sure the <a href="https://www.boulderhomesource.com/blog/home-showing/">home shows well for the best price</a>. Working with an agent who understand the true market value of a home while allowing for the vagaries of a changing market can help homeowners determine the best pricing strategy.
Developing a Marketing Strategy
A market with fewer house hunters and more inventory means that homeowners need the right strategy. Work with an agent who knows how to stage a home and improve that initial curb appeal. As many buyers depend on looking at images of a home from the comfort of their mobile devices before deciding which properties to visit, it is important to look into a hiring a <a href="https://www.inman.com/2015/05/07/6-reasons-why-a-professional-home-photographer-is-worth-the-price/" target="_blank">professional real estate photographer</a>. Close to half of recent homebuyers start their home search online. The majority of that pool of buyers find photographs to be very helpful. Aside from photos of a home, listing on MLS services and reaching out to buyer's agents can be ways to get more interest in a property.
Considering the Offer
Is it better to wait for another offer? In a buyer's market, the first offer is often the best. It can be hard to come by multiple offers. If the buyer appears qualified, an agent may recommend going for that initial offer.
One good thing about a buyer's market is that houses may be listed for some time. Sellers who can wait may be able to sit tight for the ideal buyer to come around to meet their price. However, homeowners needing to sell quickly may need to agree to a more aggressive pricing strategy, setting the asking price significantly below recent comps.
Everything Counts
In a buyer's market, a seller may have to go that extra step to get noticed. Sellers should be ready to perform a deep clean of the property, make any necessary repairs and work on a property's curb appeal. A home looking its best can make it less likely that a buyer asks for numerous credits and contingencies when it comes time to close.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-03-13T15:07:00-07:00
2022-04-19T10:08:43-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3086
What is a Pocket Listing?
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/what-is-a-pocket-listing-real-estate.jpg" alt="What to Know About Pocket Listings When Selling Your House" />In the often complicated world of real estate transactions, real estate agents and other players in the know tend to throw around a lot of terms. The meanings behind this property terminology are not always intuitive to home buyers and sellers. Just the same, it’s integral to a satisfactory real estate transaction that you understand at least some of the terms being used. This includes the definition of a pocket listing.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
What is a Pocket Listing?
"Pocket listing" is a term that comes from the United States real estate industry. It refers to a piece of property where the seller and real estate broker agree to sign a contractual listing agreement. In short, the agreement guarantees that the real estate broker will not place a home on the MLS and will instead only market it to their existing clients. There are two options when pursuing a pocket listing: this agreement is either considered an Exclusive Right to Sell or Exclusive Agency contract. As a result, a multiple listing system (also known as MLS) is never made use of, and it is also possible that the property’s advertising has been limited for a specific period of time agreed upon by both parties.
What Is an Exclusive Right to Sell Agreement?
Whenever a home seller hires a real estate broker to sell their house, a listing agreement is written up and executed to ensure everyone is on the same page. In a situation where the agreement is an Exclusive Right to Sell contract, the property is agreed not to be listed in MLS. This implies no agreement to work cooperatively with other brokers, although the hired broker does usually cooperate with other brokers anyway to share some of the total commission the seller pays when the house is sold.
What is an Exclusive Agency Agreement?
In the alternative, an Exclusive Agency contractual agreement delegates the right to sell the property exclusively to a sole broker. The house is once again not listed in MLS in order to help it sell and is still sold privately.
Why Use a Pocket Listing?
Reasons to want a pocket listing vary by seller, such as when the seller feels the need for privacy or discretion in their real estate transaction. In any event, a pocket listing is an option to consider if a homeowner seeks privacy in their real estate dealings and wants to put their trust entirely in a real estate broker to ensure the home sells successfully.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
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2019-02-28T21:16:00-07:00
2019-03-04T06:45:13-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3050
How to Show Your Home for a Better Sale Price
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/home-showings-and-open-houses.jpg" alt="Tips for More Effective Home Showings" />Open houses or home previews (or "home shows") are an important component of how much a seller is offered for their home. Buyers of homes need to see the home before buying. And they do this through open houses or their agent previewing the home with them. These <a href="https://www.boulderhomesource.com/westminster-real-estate/" target="_blank">Westminster home previews</a> or shows are a chance for an otherwise nondescript property to come alive in the minds of future buyers. They can be the difference between the asking price and an offer over the asking price. For those who would prefer a bidding war that ends in their favor, they may want to absorb a few theories behind a great home show.
The Great Outdoors
Sellers can improve their home shows by improving the exterior of the home and yard:
Plant greenery around the base of the home
Fix crumbling porches or front stoops
Power wash the roof/exterior
Repaint the fence
Add electric candles or flowers leading up to the walkway
Staging the Home
Staging is traditionally reserved for luxury homes, though it can be effective at any price range. The idea behind staging is to encourage buyers to picture themselves making a cup of coffee in the morning or taking a bubble bath at night. It can be as simple as setting the scene rather than renting brand new furniture or rearranging whole rooms.
Make the rooms as uncluttered as possible so people aren't overwhelmed and keep the furniture scaled to the size of the room. Use <a href="https://www.boulderhomesource.com/blog/home-painting-guide-for-new-homeowners/" target="_blank">neutral paint colors</a> whenever possible so buyers can picture their own color palette in the home. Remove family photos and personal knickknacks. Also store away or place in a safe, any valuables or expensive memorabilia.
Little Touches Everywhere
Home shows can really make an impression when they pay attention to the details. Similar to staging, sellers need to start thinking like a prospective buyer to really wake their home up. Single-family homes with a cashmere throw by the fireplace or an inviting comfortable chair by a window can really help buyers <a href="https://www.corelogic.com.au/resources/understanding-psychology-buying-home" target="_blank">form the emotional attachment</a> they need to really crave the home. Sellers can also repurpose rooms based on who is most likely to buy the home. For example, turning the third bedroom into a nursery or home office.
Don't Stay Home During The Showing
There are a number of reasons why you shouldn't be home during a showing or open house. First and foremost, it may make potential buyers uncomfortable. He or she may want to talk candidly about the home to their spouse and if you're there it becomes more difficult. Secondly, your home will feel more crowded and less appealing to a buyer. Finally, your agent would likely prefer you're not home too—as being there increases the chance you'll say something about the home that could deter a buyer plus it makes you look more desperate to sell. Taking this time to step away offers a better buying environment and increases your chance of making the sale.
Right or wrong, people searching for homes tend to judge a book by its cover, so sellers really need to think about what their cover says about their property. It may not take much to turn a property from boring to exciting when sellers understand the key home show elements.
2019-02-18T18:42:00-07:00
2022-03-24T08:50:18-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3079
What to Know About Foreclosures in Colorado
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/home-foreclosure-in-colorado.jpg" alt="Managing a Foreclosure in Colorado" />The amount of unemployed people is really high in the present economic times. A lot of people are discovering it is hard to make their regular home mortgage payments consequently. Your lender might choose to start foreclosure proceedings, if you find yourself too far behind in your repayments.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
The Process of Foreclosure
The process begins with the bank or lender transferring the property ownership from the homeowner to the mortgage lender. The majority of the time this tends to takes place just after several months of non-payment on the home owner’s part, at the mortgage lender’s whim.
Forsaking hope once foreclosure proceedings have begun and resigning themselves to the fact that they’ve lost their property is what many people seem to do in such a instance. While at the same time, some even begin the look for a new place to live. There is a period of time during the foreclosure procedure where they could be capable of saving their house from actual foreclosure, and the majority of people don't seem to know this fact. This is called a redemption period.
Foreclosure Redemption Period
Individuals who don't have enough money to stop the foreclosure itself, along with those who are trying to protect their properties are the ones who the redemption period primarily targets. The period of redemption is granted to homeowners by means of state regulation. A few states do not even have a redemption period in any respect, while in others the span of time for this period varies. This period provides homeowners added time to remain residing in their house, with having to be nervous of being kicked out hanging over their heads.
Rectifying Foreclosure and Other Debt
In an effort to rectify the foreclosure issue, the redemption period serves the principal purpose of <a href="https://www.hmpadmin.com/portal/programs/foreclosure_alternatives.jsp" target="_blank">giving a homeowner added time</a>. This may allow for adequate time for a homeowner to developed a plan for repayment with their mortgage lender if the period given in that particular state is long enough. It also functions to enable the homeowners to save up some money to help pay back other outstanding debts they may owe if the period is shorter and the homeowners already knows they will be unable to come an arrangement with their lender. Research your state’s foreclosure laws to see if the redemption period can possibly aid you in this way.
HAFA Home Affordable Foreclosure Alternative
HAFA otherwise known as Home Affordable Foreclosure Alternative goes into effect April 5th, just before those taxes are do or that first extension.
HAFA is an extension of the Home Affordable Modification Program to help provide a default solution before the fun really begins. The plan is to have borrower first try to qualify for loan modification, but if this is not a solution the loan servicer will asses the possibility of a short sale through the HAFA program. Here is the quick and dirty of what to expect with HAFA.
Borrower will receive a pre-approved short-sale term in terms of list price or acceptable sale proceeds. This is currently one of the biggest road blocks in the short sales process, since servicers currently wait until after an offer to begin the valuation processs, which can take weeks if not months under the current system.
Once the sale takes place the Borrowers may receive up to $1,500 in relocation allowance. Servicers may also receive up $1,000 to defray costs. $3,000 of proceeds may be allocated to compensate secondary lien holders.
The biggest shift in the industry is the Banks are truly getting behind facilitating the short sale process. Both Bank of America and Wells Fargo are expanding their human capitol and technology to help streamline the process going forward.
In the past it seemed having Jimmy Hoffa on your team may have helped get that short sale through. Today the Banks, Sellers, and Real Estate Professionals all seem to be getting closer to being on the same page
Buy a Home in Colorado Today
Spending hours trying to find information on <a href="https://www.boulderhomesource.com/lafayette-real-estate/">homes for sale in Lafayette CO</a>? Still haven't found a good solution to search for <a href="https://www.boulderhomesource.com/niwot-real-estate/">Niwot CO homes for sale</a> ? Use these resources to find out more about different Colorado cities and homes for sale.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-01-26T00:46:00-07:00
2022-04-19T10:15:51-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3041
Selling a Home? What to Know About Capital Gains
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/capital-gains-home-selling.jpg" alt="Do You Have to Pay Capital Gains Tax?" />Are you thinking about listing a residential property for sale? Homeowners who are lucky enough to sell a property that has appreciated may have to pay capital gains tax. This payment can be significant but some individuals and couples may be able to potentially reduce their obligations to the IRS when <a href="https://www.boulderhomesource.com/blog/best-time-to-list-your-home-for-sale/">making a profit from the sale of a home</a>.
Understand capital gains tax before getting a home ready to go to market today.
For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.
Capital Gains Tax: The Basics
Not all homeowners who sell a home need to pay capital gains tax. <a href="https://homeguides.sfgate.com/capital-gains-tax-rate-sale-home-1959.html" target="_blank">Capital gains tax</a> is generally obligatory for those homes or major assets sold which have appreciated, thereby profiting the owner. Both primary and secondary homes may be subject to this tax, as when the secondary or vacation home may be declared a primary home. It is best to speak to a tax accountant to learn more about whether or not the sale of a residential primary home or second home may warrant the full payment of capital gains tax. The seller's tax bracket may be a factor in determining the rate of taxation.
Can a Seller Be Exempted from Capital Gains Tax Payments?
For some individuals and couples, they may not have to pay all of the capital gains tax on the sale of an appreciated property. The Taxpayer Relief Act of 1997 created exemptions for individuals and couples. The $250,000/$500,000 Exemption allows an exemption for a single seller on up to $250,000 on the profit derived from the sale of a principal residence. The exemption increases to $500,000 for couples. If profit from a sale exceeds either of these amounts, a capital gains tax would need to be paid on the additional amount. It is not only <a href="https://www.nolo.com/legal-encyclopedia/the-250000500000-home-sale-tax-exclusion.html" target="_blank">single-family homes</a> that may qualify, but also stock-cooperatives, apartments, condominiums and fixed mobile homes. The exemption is only applicable to homes used as a primary residence, and cannot be used toward the profits from the sale of a rental or investment property.
There is a "2 out of 5" year rule that applies in most situations. Under this rule, homeowners need to live at the residence for a minimum of 2 years out of 5 years before the sale of the home. Being aware of such specific requirements can help more homeowners take advantage of this exemption, living in the home for another year if necessary in order to qualify. Flexibility to this stipulation may apply if there are unforeseen circumstances or medical exemptions. However, additional documentation would be required. Full or partial exemptions may be possible if certain conditions are met by the seller.
What Needs to Be Done After Selling a Primary Residence?
Selling a home is not always a straight-forward process but after closing on a property a seller is responsible for completing <a href="https://www.thebalance.com/reporting-capital-gains-and-losses-form-8949-3192971" target="_blank">Schedule D</a> and declaring any profit. The profit will need to be reported as either a short-term gain or a long-term gain depending on the length of time one has owned the property. A tax accountant can clarify this further.
Capital Gains When Selling A Secondary Residence
<a href="https://turbotax.intuit.ca/tips/how-to-reduce-capital-gains-tax-in-canada-6546">Capital gains</a> are paid on a secondary residence when it sells, but only on the profit made on the appreciation of the. The good news is that there are new exemptions for both single and married homeowners who are selling a secondary residence and the home has increased in value. Any gains under $250,000 for a single person and $500,000 for a married couple are not subject to capital gains tax. As long as the home was lived in two out of the last five years, the couple or individual doesn't pay capital gains tax on anything under the cap.
If the home appreciates more in value than the set cap, capital gains tax are only paid on the amount above and beyond the cap. However, if the home was not lived in for two of the last five years, homeowners are expected to foot the full tax bill.
It's most important to talk with a tax professional when it comes to investments and selling a secondary home. While a homeowner is going to be able to keep much of the capital gains without a tax penalty, it is always wise to talk with a tax professional to make sure the job is done correctly.
A Benefit for Home Sellers
<a href="https://www.boulderhomesource.com/superior-real-estate/">Superior homeowners</a> selling a home for the first time may not know about applicable exemptions to the capital gains tax and pay thousands more to the IRS than is necessary. Learning about applicable exemptions like the $250,000/$500,000 rule can help homeowners pocket more profit from the sale of a primary home. It is best to learn more about how to potentially reduce capital gains tax payment before selling a home as certain conditions and documents may be required in order to qualify for the exemption.
For informational purposes only. Always consult with a financial advisor before proceeding with any real estate transaction.
2019-01-21T22:07:00-07:00
2022-04-19T08:12:36-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:2996
Picking The Best Time to Sell Your Home
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/House_in_Grass_copy.jpeg" alt="How to Time Your Home Sale Effectively" />The most common question I'm asked is, "When is the best time to sell my home?". Here is your answer, whether you're in Boulder or have a <a href="https://www.boulderhomesource.com/broomfield-real-estate/" target="_blank">home for sale in Broomfield</a> the best time is... spring! Anytime from late February through April is the best time to list your home. Here is why:
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Peak Home Selling Season
The peak of real estate season is usually early summer in Colorado. Many families wait until the end of the school year before listing their home. So in late May and early June, buyers will notice an influx of homes for sale in <a href="https://www.boulderhomesource.com/broomfield-real-estate/anthem/" target="_blank">neighborhoods such as Anthem</a>, The Broadlands as well as others.
Competition When Selling Your Home
That good for buyers, but sellers looking to maximize the value of their home are better served when they beat the competition to the market. Right after the winter holidays, serious Buyers start looking at homes for sale online. By February they have a good idea of their price range and desired area.
Get the Best Price for Your Home
Low inventory heightens competition for the available homes on the market. The greatest increase in home values occur during the early part of the year. Selling in spring allows Sellers to take advantage of increased home values while still getting in before inventory spikes. Sellers can expect more serious offers and quicker sales just before peak-season. This is the time Sellers often see multiple offers, bidding wars, and homes sell over asking price.
Sell Your Home on Your Terms
When competition is fierce, Sellers drive the terms of the deal. If you want to rent back the home to avoid a double move, need a quick close, or are looking to sell “as is” spring gives you the best chance to call those shots. Once peak season hits and inventory increases, Buyers may decide a different home offers better terms, putting your deal at risk.
Selling Your Home Fast and High
During peak season there is significantly more housing inventory, which may drive prices downward for Sellers. Furthermore, when there is a large inventory available, buyers may have less of a sense of urgency as they wait for the perfect house to come along.
Ancillary Real Estate Services
An additional benefit to both homebuyers and sellers during these off-peak seasons is more readily available ancillary services. These services such as mortgage lenders, home inspectors, title and settlement companies, and attorneys may be more available. Not only does this benefit your time, but you also have more choices of professionals.
How to Make Your Home Sale Stand Out in Winter
Not all homes are sold in the sunny, warm spring and summer months. In fact, many properties are purchased in the dead of winter. If you're putting your home on the market in cold weather, don't automatically decide you'll need to take bottom dollar, or resign yourself to it being on the market for several weeks.
First, make the outside safe. Shovel all snowy walkways and de-ice the steps and porches. Replace all outdoor lighting and invest in solar lights to illuminate the path to the door. With it getting dark earlier, lighting is essential in appealing to evening visitors.
Cozy up the inside. Put your fireplace to good use, drape sumptuous throws across your sofa and chairs, and light some candles. Address any drafts or dark areas. Warm, cozy, and welcoming is the atmosphere to go for when you're selling a home in winter. Make the buyer want to kick off her boots and snuggle up with a cup of cocoa and a book.
How to Avoid the Peak Home Selling Season
Start preparing as soon as possible! In order to sell your home before we reach the peak months, contact an agent now so they can start the process right away. This gives them time to stage your home, schedule professional photos, and it gives you time to get pre-approved for a loan for your new home.
Don't feel you can only buy or sell during popular real estate months, if you have the luxury of choosing, just before peak-season may be the right time for you!
Be the first to know when a new home is listed. Sign up for Listings Alert. With the <a href="https://www.boulderhomesource.com/" target="_blank">www.boulderhomesource.com</a> team, you'll have VIP access to listing details for Boulder real estate listings and the surrounding areas. You'll be able to save your searches, bookmark your favorite homes and set up listing alerts.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2019-01-08T23:18:00-07:00
2022-04-13T08:58:54-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3061
Selling A Vacation Home? What You Need to Know
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/selling-a-vacation-home.jpg" alt="All About Selling a Vacation Home" />Selling a vacation home is different from selling a primary residence. Many homeowners who are selling their first vacation property are unaware of what to expect. Knowing the differences can help vacation homeowners with the process.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Stage the Property
Vacation homes <a href="https://www.thespruce.com/home-staging-4127937" target="_blank">need to be staged</a> to look as appealing as possible to home buyers. Home buyers looking for a vacation property are typically in search of convenience and beauty.
Trim back shrubs or trees that block beautiful views.
Provide outdoor seating to help home buyers envision themselves relaxing outside.
Clear away clutter inside to emphasize that the property is clean and well maintained.
Open curtains inside to make the interior look light and spacious.
Clean the property thoroughly.
<a href="https://www.boulderhomesource.com/blog/planning-to-sell-how-to-stage-a-home-for-maximum-impact/">Home staging</a> can boost the sale price of the house, thus boosting profits. Homeowners who aren't sure what else needs to be done to stage their property must work with their real estate agent through the process.
Consider Including the Furniture
<a href="https://www.boulderhomesource.com/denver-real-estate/">Denver new homeowners</a> who plan to sell their vacation property and not buy another may find themselves stuck with a lot of extra furniture when the process is finished. However, many vacation home buyers are in need of furniture and will either <a href="https://blog.furnitureoptions.com/en/pros-and-cons" target="_blank">rent furniture</a> or purchase the furniture already in the home for a fee.
Home sellers who don't want to keep their furniture when the sale is final may be able to work with their real estate agent to include the furniture in the sale of the home.
Understand the Taxes
When a homeowner sells their primary residence, they can make profit on the sale of their home up to $250,000 (or $500,000 if they're married) without paying taxes on the profits. Anyone who has sold their primary residence in the past must be aware that selling a vacation home is very different. The money made selling a vacation home will be taxed.
Taxes on profits made selling a home are known as <a href="https://www.nolo.com/legal-encyclopedia/when-home-sellers-can-reduce-capital-gains-tax-using-expenses-sale.html" target="_blank">capital gains taxes</a>. Capital gains taxes requires homeowners to pay about 20% of the profits in federal tax, and some state taxes may apply as well. Homeowners can reduce their profit (and thus reduce their tax liability) by subtracting expenses related to selling and maintaining the home.
In addition, homeowners who have lived in their vacation home for a length of time will not have to pay taxes on those years that they were living there. Working with a tax professional can help ensure that the math is done properly and the taxes are paid in full.
Work With Professionals to Maintain the House
Often, people who sell their vacation home do so remotely, from where ever their primary residence is located. This makes selling a vacation home more logistically challenging, unless the homeowner works with professionals to get the job done.
Hiring someone to maintain the property can help keep the house staged for buyers. Working with a real estate professional can help ensure that someone will be on hand to negotiate and manage the administrative aspects of the home sale. This makes selling a vacation home significantly easier.
Contact Your Real Estate Professional Today
If you own a vacation home that you're thinking about selling, contact an experienced real estate professional today. Your real estate professional can help you coordinate the sale even if you're not in the area.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2018-12-05T23:29:00-07:00
2023-06-21T07:27:30-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3048
How To Sell a Fixer-Upper Home As-Is
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/buying-a-fixer-upper-home.jpg" alt="4 Tips For Selling a Fixer-Upper" />Selling a home can be a challenging endeavor, and many homeowners try to wait for the best opportunities to align before putting their home on the market, but sometimes this isn’t possible. When trying to sell a fixer-upper home, there are many unavoidable challenges that homeowners will encounter that may be frustrating, but with the right preparation, those little bumps in the road can be nothing more than that. Here are some things to keep in mind when selling a fixer-upper home.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Reduce the Home’s Selling Price
One of the most important factors that goes into choosing a home to buy is the price, and when looking for a fixer-upper home, buyers expect a lower price than a move-in ready home. Trying to keep the price high can be detrimental to a fixer-upper’s chances of selling, so it’s important to remember to make the price enticing. The money a buyer saves on the price of a fixer-upper is going to go directly into the home in way of doing the actual fixing up, so saving on the home’s cost is of the utmost importance for them.
Be Open To All Types of Buyer Loans
There are many different types of home loans that incentivize people to purchase fixer-upper home such as Veterans Affairs (VA), Federal Housing Administration (FHA), and <a href="https://www.boulderhomesource.com/blog/what-to-know-about-usda-loans/" target="_blank">United States Department of Agriculture (USDA) loans</a>. Many people may not be familiar with these sorts of loans and be wary of selling a home to a person using one because of it, but there’s nothing to fear from loans like these. The biggest difference between VA, FHA, and USDA loans compared to conventional loans is that the three mentioned are sponsored by the government instead of a private institution. Beyond that, they’re nearly identical, and homeowner should feel no fear selling to a buyer who chooses to use one.
Be Honest About the Flaws, But Don’t Be Shy About Selling Points
When buying a fixer-upper home, buyers expect there to be something that needs to be fixed. Trying to hide things like an old roof or rotting drywall in the bathrooms will only hurt the chances of selling because buyers are going to be on the lookout for these sorts of things, and they will know when the seller is lying about the condition of the home.
However, not all about the home has to be fixed. Every home has its good qualities, and a fixer-upper is no different. Has the home had some work done recently that buyers won’t have to worry about doing themselves? Or is the home a <a href="https://home.howstuffworks.com/real-estate/buying-home/10-tax-benefits-of-owning-a-historic-property.htm" target="_blank">historical property</a> or located in a great neighborhood? These sorts of things can be excellent selling qualities, and homeowners shouldn’t hesitate to make sure buyers know about them.
Make Sure the Home is Clean and Presentable
A common pitfall to fall into with fixer-upper homes is that because they’re classified as fixer-uppers, the homeowner doesn’t have to put any effort into how the home looks. This is false. Regardless of if the home is a fixer-upper or move-in ready, the homeowners should always spend time making sure it’s presentable to buyers. Here are a few different ways homeowners can do that without resorting to any big projects:
Make sure the lawn and flowerbeds are free of any weeds.
Clean up kids’ toys from inside and outside.
Put away any dishes in the sink or on the counter.
Vacuum and sweep when necessary.
Remove personalized decorations such as family photos from the home.
Home buyers who are interested in a fixer-upper home aren’t looking for perfection, but <a href="https://www.houzz.com/ideabooks/2661221/list/sell-your-home-fast-21-staging-tips" target="_blank">putting a little work</a> into the home’s appearance can go a long way when it comes to winning favor.
It May Be Worth it to Fix the Home Up
It's important when selling a home to find out how much money to be spent fixing up the house is worth it. Of, course there are may factors which go into making this kind of a decision.
How much did the homeowner pay for my home? What is the home worth as an average in the neighborhood--is the home at the high or medium range when compared with the other homes which are for sale or have recently sold? A real estate agent can help you determine that with a professional opinion called a competitive market analysis.
How much equity do I have in my home measured by the value above the financing or other obligations owed when you get that check at the closing table? Is the home an income property and will the homeowner be concerned with capital gains or other hidden costs when the homeowner sell?
These and other questions are important for us to work through together. The Williams Colorado Realty Team at RE/MAX Alliance can help with it all. Warren and Yvonne have helped more than 500 clients realize their goals when deciding on real estate and financing needs.
The question often raised regarding whether homeowners should remodel before marketing a home could be helped by the attached matrix which gives general values in the Mountain region of the country when it comes to evaluating cost and value for certain projects. These are in no way considered accurate for bidding purposes but rather are a guideline for general planning purposes. For actual cost evaluation we recommend homeowners get at least three bids from bonafide contractors in the trade associated with your projected remodeling project. That way you can make the best decision, but you should have some idea of the neighborhood cost from the attached chart.
Selling a fixer-upper <a href="https://www.boulderhomesource.com/niwot-real-estate/" target="_blank">Niwot home</a> may be more difficult than selling a move-in ready home, but it isn’t impossible. By following these tips, homeowners can help ensure that their home has the edge it needs to find the right buyer.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
Copyright © 2015 Hanley Wood Media, Inc. All rights reserved.
Midrange
2015 National Averages
Mountain
Project
Job
Resale Value
Cost Recouped
Job
Resale Value
Cost Recouped
Cost
Cost
<a href="https://www.remodeling.hw.net/cost-vs-value/attic-bedroom?y=2015" data-cms-ai="2">Attic Bedroom</a>
$51,696
$39,908
77.20%
$49,079
$35,682
72.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/backup-power-generator?y=2015" data-cms-ai="2">Backup Power Generator</a>
$12,135
$7,263
59.90%
$11,826
$5,998
50.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/basement-remodel?y=2015" data-cms-ai="2">Basement Remodel</a>
$65,442
$47,637
72.80%
$62,538
$44,607
71.30%
<a href="https://www.remodeling.hw.net/cost-vs-value/bathroom-addition?y=2015" data-cms-ai="2">Bathroom Addition</a>
$39,578
$22,875
57.80%
$37,653
$19,662
52.20%
<a href="https://www.remodeling.hw.net/cost-vs-value/bathroom-remodel?y=2015" data-cms-ai="2">Bathroom Remodel</a>
$16,724
$11,707
70.00%
$15,879
$10,528
66.30%
<a href="https://www.remodeling.hw.net/cost-vs-value/deck-addition-composite?y=2015" data-cms-ai="2">Deck Addition (composite)</a>
$15,912
$10,816
68.00%
$15,414
$9,670
62.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/deck-addition-wood?y=2015" data-cms-ai="2">Deck Addition (wood)</a>
$10,048
$8,085
80.50%
$9,584
$7,020
73.20%
<a href="https://www.remodeling.hw.net/cost-vs-value/entry-door-replacement-fiberglass?y=2015" data-cms-ai="2">Entry Door Replacement (fiberglass)</a>
$2,926
$2,107
72.00%
$2,875
$2,002
69.60%
<a href="https://www.remodeling.hw.net/cost-vs-value/entry-door-replacement-steel?y=2015" data-cms-ai="2">Entry Door Replacement (steel)</a>
$1,230
$1,252
101.80%
$1,193
$1,089
91.30%
<a href="https://www.remodeling.hw.net/cost-vs-value/family-room-addition?y=2015" data-cms-ai="2">Family Room Addition</a>
$84,201
$53,955
64.10%
$81,047
$49,262
60.80%
<a href="https://www.remodeling.hw.net/cost-vs-value/garage-addition?y=2015" data-cms-ai="2">Garage Addition</a>
$52,382
$33,938
64.80%
$50,759
$30,916
60.90%
<a href="https://www.remodeling.hw.net/cost-vs-value/garage-door-replacement?y=2015" data-cms-ai="2">Garage Door Replacement</a>
$1,595
$1,410
88.40%
$1,544
$1,211
78.50%
<a href="https://www.remodeling.hw.net/cost-vs-value/home-office-remodel?y=2015" data-cms-ai="2">Home Office Remodel</a>
$29,066
$14,155
48.70%
$27,929
$11,648
41.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/major-kitchen-remodel?y=2015" data-cms-ai="2">Major Kitchen Remodel</a>
$56,768
$38,485
67.80%
$55,006
$34,502
62.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/manufactured-stone-veneer?y=2015" data-cms-ai="2">Manufactured Stone Veneer</a>
$7,150
$6,594
92.20%
$7,103
$5,594
78.80%
<a href="https://www.remodeling.hw.net/cost-vs-value/master-suite-addition?y=2015" data-cms-ai="2">Master Suite Addition</a>
$111,245
$68,596
61.70%
$107,725
$65,832
61.10%
<a href="https://www.remodeling.hw.net/cost-vs-value/minor-kitchen-remodel?y=2015" data-cms-ai="2">Minor Kitchen Remodel</a>
$19,226
$15,255
79.30%
$18,491
$14,822
80.20%
<a href="https://www.remodeling.hw.net/cost-vs-value/roofing-replacement?y=2015" data-cms-ai="2">Roofing Replacement</a>
$19,528
$13,975
71.60%
$18,592
$13,538
72.80%
Siding Replacement (vinyl)
$12,013
$9,694
80.70%
$11,370
$9,700
85.00%
<a href="https://www.remodeling.hw.net/cost-vs-value/sunroom-addition?y=2015" data-cms-ai="2">Sunroom Addition</a>
$75,726
$36,704
48.50%
$73,220
$32,213
44.00%
<a href="https://www.remodeling.hw.net/cost-vs-value/two-story-addition?y=2015" data-cms-ai="2">Two-Story Addition</a>
$161,925
$103,848
64.10%
$154,980
$99,032
63.90%
<a href="https://www.remodeling.hw.net/cost-vs-value/window-replacement-vinyl?y=2015" data-cms-ai="2">Window Replacement (vinyl)</a>
$11,198
$8,163
72.90%
$9,947
$7,383
74.00%
<a href="https://www.remodeling.hw.net/cost-vs-value/window-replacement-wood?y=2015" data-cms-ai="2">Window Replacement (wood)</a>
$11,341
$8,937
78.80%
$10,972
$8,996
82.00%
Upscale
2015 National Averages
Mountain
Project
Job
Resale Value
Cost Recouped
Job
Resale Value
Cost Recouped
Cost
Cost
<a href="https://www.remodeling.hw.net/cost-vs-value/bathroom-addition-upscale?y=2015" data-cms-ai="2">Bathroom Addition</a>
$76,429
$44,750
58.60%
$74,533
$40,444
54.30%
<a href="https://www.remodeling.hw.net/cost-vs-value/bathroom-remodel-upscale?y=2015" data-cms-ai="2">Bathroom Remodel</a>
$54,115
$32,385
59.80%
$52,445
$28,396
54.10%
<a href="https://www.remodeling.hw.net/cost-vs-value/deck-addition-composite-upscale?y=2015" data-cms-ai="2">Deck Addition (composite)</a>
$36,385
$21,437
58.90%
$35,156
$18,806
53.50%
<a href="https://www.remodeling.hw.net/cost-vs-value/garage-addition-upscale?y=2015" data-cms-ai="2">Garage Addition</a>
$85,592
$46,791
54.70%
$82,620
$41,828
50.60%
<a href="https://www.remodeling.hw.net/cost-vs-value/garage-door-replacement-upscale?y=2015" data-cms-ai="2">Garage Door Replacement</a>
$2,944
$2,429
82.50%
$2,888
$2,060
71.30%
<a href="https://www.remodeling.hw.net/cost-vs-value/grand-entrance-fiberglass-upscale?y=2015" data-cms-ai="2">Grand Entrance (fiberglass)</a>
$7,548
$5,099
67.60%
$7,405
$4,479
60.50%
<a href="https://www.remodeling.hw.net/cost-vs-value/major-kitchen-remodel-upscale?y=2015" data-cms-ai="2">Major Kitchen Remodel</a>
$113,097
$66,747
59.00%
$110,060
$61,250
55.70%
<a href="https://www.remodeling.hw.net/cost-vs-value/master-suite-addition-upscale?y=2015" data-cms-ai="2">Master Suite Addition</a>
$236,363
$126,860
53.70%
$230,677
$118,592
51.40%
<a href="https://www.remodeling.hw.net/cost-vs-value/roofing-replacement-upscale?y=2015" data-cms-ai="2">Roofing Replacement</a>
$36,329
$22,840
62.90%
$33,131
$19,794
59.70%
Siding Replacement (fiber-cement)
$14,014
$11,816
84.30%
$13,274
$9,975
75.10%
Siding Replacement (foam-backed vinyl)
$15,184
$11,790
77.60%
$14,560
$10,516
72.20%
<a href="https://www.remodeling.hw.net/cost-vs-value/window-replacement-vinyl-upscale?y=2015" data-cms-ai="2">Window Replacement (vinyl)</a>
$13,837
$10,365
74.90%
$13,425
$9,206
68.60%
<a href="https://www.remodeling.hw.net/cost-vs-value/window-replacement-wood-upscale?y=2015" data-cms-ai="2">Window Replacement (wood)</a>
$17,422
$12,533
71.90%
$17,015
$11,031
64.80%
2018-11-21T23:06:00-07:00
2022-06-08T08:06:51-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3051
Curb Appeal Guide for Serious Sellers
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/home-sellers-curb-appeal.jpg" alt="What You Need to Know About Curb Appeal Before Selling Your Home" />Curb appeal is important to <a href="https://www.boulderhomesource.com/superior-real-estate/" target="_blank">Superior home sellers</a>, and for good reason. A home with <a href="https://www.bhg.com/home-improvement/exteriors/curb-appeal/ways-to-add-curb-appeal/" target="_blank">good curb appeal</a> can potentially sell for thousands of dollars more than a comparable property with poor curb appeal. Home sellers who are serious about making a fast, profitable sale must ensure that their home has curb appeal before putting their property on the market.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Use Curb Appeal to Your Advantage
Selling a home can be a lengthy process, but increasing home value of your <a href="https://www.boulderhomesource.com/boulder-real-estate/">Boulder area property</a> and lessening the selling period may be easier than you think. Curb appeal plays a large role. The better the curb appeal, the higher the selling price, and less time the house spends on the market.
Perform Maintenance
The first thing a home seller must do when improving their property's curb appeal is to perform exterior maintenance. Problems like dirty siding, debris in the yard and a deteriorating fence can deter serious buyers. Before anything else is done to the property, the home seller must make a list of any deferred maintenance, and handle that maintenance accordingly. Though the home seller might be able to perform many of these projects by themselves as <a href="https://www.boulderhomesource.com/blog/should-you-diy-a-homeowners-guide/" target="_blank">a DIY project</a>, some larger maintenance issues might need a professional.
Improve Landscaping
After fixing up what needs to be repaired, the home seller may begin on <a href="https://www.hgtv.com/design/outdoor-design/landscaping-and-hardscaping/landscaping-tips-that-can-help-sell-your-home" target="_blank">landscaping improvements</a>. Home buyers are usually drawn to properties with brightly colored flowers, full and healthy shrubbery and green, green grass. Below are some of the ways that a home seller can make improvements to their landscaping.
Tend the Grass
Grass needs to be cut on a weekly basis throughout the growing season, so it doesn't start to look shabby or overgrown. Lawns with bare patches or brown areas need to be seeded and watered thoroughly until new, green grass is growing. If the grass is full of weeds, these must be removed.
A manicured lawn is a sure way to improve curb appeal and attract prospective buyers. A little goes a long way when it comes to landscaping and upkeep. Use lawn food and water to ensure your grass stays green and healthy. To get rid of bare spots in your lawn apply grass seed or sod. This beautiful home at 2320 Panorama Ave, Boulder, CO, showcases how a green, manicured lawn helps a listing to shine and leave a lasting impression!
Plant Annuals
Annuals spread easily and are often very colorful. Planting annuals in flower beds and mulching with dyed mulch can help bring color to the front yard, which in turn will attract attention from buyers.
Prune the Shrubs
Pruning can encourage shrubs to develop leafy growth.If pruning is performed a month or two before putting the house on the market, the plants in the front yard should look great by the time the house is put up for sale.
Make Small Upgrades
Small improvements make a difference when it comes to curb appeal. Repainting the front door, installing new garden bed lighting or replacing the numbers on the house can all make the front yard look newly remodeled. This is impressive to many buyers.
Clean the Front of Your Home
Washing the front of your home is a quick and easy way to improve curb appeal. Warm, soapy water and a soft bristled brush can remove dirt and mildew from your home. This simple step can remove years of dust, giving your home a fresh face that will appeal to potential buyers. The following listing, 1310 Armstrong, Longmont, CO in the <a href="https://www.boulderhomesource.com/longmont-real-estate/shadow-grass/">Shadow Grass neighborhood</a>, is an excellent example of how a "fresh face" can make all the difference when it comes to curb appeal.
Front Door Appeal
Another secret to curb appeal is to dress up your front door. A front door with a colorful, fresh paint job will give your home the extra charm. The front door is the focal point of many homes; therefore, giving it a splash of color will help to draw the eye. This listing at 653 Manorwood Ln, Louisville, CO, perfectly utilizes this helpful tip. The complimentary red door does an excellent job of catching people's attention without overshadowing the rest of the home.
Contact Your Real Estate Agent For More Information
If you're a home seller who would like to improve your home's curb appeal, contact a reputable real estate agent in your area. Your agent can help you by giving suggestions that will make your home more appealing to buyers.
A home's curb appeal is the first impression, and first impressions are everything! Use these helpful tips to ensure that your home puts its best foot forward and leaves a lasting impression on prospective buyers.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2018-11-13T21:32:00-07:00
2022-04-15T06:05:58-07:00
Boulder Home Source
tag:boulderhomesource.com,2012-09-20:3053
A Basic Guide to Selling Your Home
<img class=" img_box_right" src="https://assets.site-static.com/userfiles/1183/image/uploads/agent-1/basic-home-selling-guide.jpg" alt="A Short Step-by-Step Guide to Home Sales" />The process of <a href="https://www.boulderhomesource.com/westminster-real-estate/" target="_blank">selling a Westminster home</a> is specific to every seller. Each owner has to determine what they want and how they plan to get it based on their financial situation, timelines, and neighborhood. But there are basic facts that every seller should understand before they put their home on the market.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
Settling on a Budget
Between preparing your home for sale, staging costs, and repairs, selling your home can cost quite a bit before ever seeing any sales proceeds. This is why it is important to set a budget prior to selling a home. How much will it costs to get my home ready to sell? And how much will I make on the sale once it is sold? Some states <a href="https://www.nolo.com/legal-encyclopedia/selling-your-house-faq.html" target="_blank">may require a lawyer </a>to look over and approve the final paperwork, so sellers may want to talk to a real estate agent or do their own research to plan their budget ahead of time. Sellers may need to pay a fee to discharge their active mortgage, depending on the terms they have with their lender. However, sellers may also receive some funds back once they find a buyer. For example, if they prepaid their property taxes, the buyer will typically pay the prorated taxes back to the seller.
Get Everything Ready
From fixing the wiring to <a href="https://money.usnews.com/money/personal-finance/slideshows/10-tips-to-sell-your-home-fast" target="_blank">rearranging to furniture</a>, sellers need to present their home in the best possible light to buyers. They don't need to add on a new bedroom or buy a sunken Jacuzzi, but they should freshen up their rooms however possible. One tip is for the seller to talk to a real estate agent about what's valued in the area. In some neighborhoods, picket fences are highly sought after, while other buyers may care more about having a finished basement. This can help a seller decide what to showcase about their home and what to leave alone.
Find a Real Estate Agent
Real estate agents are an excellent resource for home sellers in a number of different ways:
Prep work: Agents help sellers set a market price that will attract serious buyers—a sweet spot that's not always easy to hit. They take photos or videos and do everything possible to put the images in the hands of the right people. They can also help sellers decide if it's worth the effort of professionally staging the home and the <a href="https://www.boulderhomesource.com/blog/home-showing/" target="_blank">steps necessary to show your home</a> to prospective buyers.
Handling disputes: The paperwork of a home sale can lead to confusion and even legal disputes. The right agent has the communication skills (both verbal and written) to prevent inconsistencies or unclear terminology. They take the time to solve problems before they even occur.
The End of the Line
Once a seller has approved a buyer's offer and its accompanying terms, they're headed toward the home stretch. They'll need to wait for the buyer's funding to come through first as well as prepare the final documents for the buyer. The key is to give the buyer as much relevant information about the home, so there's as much transparency as possible. Home sellers typically need to have the following documents ready to go:
Deed
Property tax information
Active warranties
Survey data
Renovation information
During the escrow period, the seller will wait for the title or escrow company to verify ownership of the property and for the real estate agent to finalize the details with local officials regarding the transfer.
Home sales may be long or short, easy or difficult. Sellers don't have full control over the circumstances of the property sale, but they can strategize beforehand as much as possible. These tips give sellers a place to start as they ready their home for a new owner.
For informational purposes only. Always consult with a licensed real estate professional before proceeding with any real estate transaction.
2018-10-03T19:33:00-07:00
2022-06-08T11:19:58-07:00
Boulder Home Source