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Connie Tracy | pricing Blog

Saturday, May 18, 2019   /   by Connie Tracy

Quick Repairs Before you Sell your Home!

So you have decided to put your home on the market and to you it looks great! Unfortunately, much of the wear and tear on your home becomes unnoticeable when you see it everyday. While you may not think about the one light switch that doesn't work or the chipping paint in the guest room, now is the time to take a step back and look at your home with fresh eyes. HINT: Ask a friend to come in and be the fresh eyes for you.

When you decide to sell your home, the first thing you should do is make any repairs you can to save yourself money in the long run. Here are a few repairs to cross off your TO-Do list so you can get the best deal for your home!

1. Paint Your Walls

Painting the rooms that need a fresh face lift is the cheapest way to update the appearance of your home. Consider using light, neutral colors to appeal to more buyers. If the room is too dark or has chipped dirty paint, make it look brand new with a coat of paint. This is a quick and inexpensive way to u ...

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Tuesday, April 30, 2019   /   by Connie Tracy

Home-Selling Timeline

You have decided to sell your home but aren't sure what you should do first... Here is a home-selling timeline to help you along the way and keep stress at bay. 

While you are making the most of your weekends by getting ready to sell, don't get overwhelmed and break your to-do list into manageable chunks... even better idea...  break it into bite-size-pieces.. so much easier to swallow. 

As soon as possible...

* Interview a real estate agent(s):

Take time to find an expert who has a great track record, good communication skills, and confidence!

* Make a plan:

Work with your agent to prioritize tasks. Focus on one at a time.

* Declutter:

What can you live without until you move? Pack it up and move it out!

2-3 months

* Hire a home inspector: 

Get a pre-inspection so you can identify issues or items that need repair. Work these into your budget in the beginning so it doesn't blow a deal later.

* Make the repairs:

Get some a ...

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Saturday, April 27, 2019   /   by Connie Tracy

What is an Appraisal and Why do You Need It? Part 1

An appraisal is a vital part of the home buying and selling process. 

If you're purchasing a home with a loan or refinancing your mortgage, the appraisal will make an impact on the amount of the loan you will be able to receive.

If you are selling your home, you want the appraisal to go well to support the potential buyers' financing. Either way, it is important to know how the appraisal process works and how an appraiser comes up with the value of your home.

What is an appraisal?

An appraisal is a report of a home's value prepared for a lender. A trained and licensed individual called an appraiser will gather information and submit the report according to specific criteria. The appraisal typically occurs after the seller has accepted the buyer's offer, and the lender is getting the paperwork ready for the loan.

An appraisal is used to determine if the amount of the loan is appropriate based on the home's condition, location, and features. Typically, lenders d ...

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Saturday, April 27, 2019   /   by Connie Tracy

What Happens During an Appraisal? Part 2

Generally, a certified residential appraiser needs about six to eight hours to finish an entire appraisal. They start by researching the home. They look at the location... is it on a busy street or not and tax records. After that, they book the appointment and visit the house. 

An appraisal home visit will take about an hour... for the most part. Sometimes, they may not need that much time if they are familiar with the area. The appraiser comes in and measures the square footage of the interior of the house, minus the garage or any space that isn't permitted. They make sure that the reported square footage is the same as the actual footage.

There are three important factors of the appraisal:

* the square footage of the home
* any home upgrades or renovations
* comparables (homes similar in size, age, condition, and location to the home that have sold within the past six months to a year)


The idea is th ...

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Saturday, April 27, 2019   /   by Connie Tracy

Sellers Need to Know! Part 3

What is an Appraisal Report?

The appraiser sends the report to the lender taking note of the value of the home and how it was reached. Lenders are required to give buyers a copy. It may include the following:

* Condition of the home and notes about the neighborhood
* Information about upgrades
* Interior and exterior pictures
* Maps of the parcel and home
* Information about the comparables
* Description of how the appraiser determined the home value
* The home's value

As a seller, it is helpful to have the home appraised for a higher value. Here are some steps to give the appraiser the best possible impression of your home.

1. Keep receipts or pictures of recent upgrades or renovations
According to some appraisers, renovations made in the past five years are most valuable. However, even if it has been more than five years, you may want to mention it. Take note any newer appliances that are part of the home such as a new dishwasher or stove. Having this ready bef ...

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Haven Real Estate Group
Cambria Henry
304 W Pacific Ave; Suite 360
Spokane, WA 99201

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