Saturday, April 27, 2019 / by Connie Tracy
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 ...
Thursday, April 25, 2019 / by Pamela Glende
Sellers did you know that Millennial’s make up a large portion of our home buying market. This is the generation born between 1981-1996. They are in their twenties to late thirty’s. They are expected to out number baby boomers in 2019. It is something as a seller you can’t ignore.
They know what they want in a home and they are willing to keep looking until they find it. They see home ownership as more affordable than renting. They know that owning a home makes financial sense. They stay within their budget and don’t want to overpay for a home.
They are looking for homes that have sustainable designs such as the use of green products and materials that are kind to our environment. Energy efficient appliances and smart thermostats.
They want homes that have smart technology, are eco-friendly and cost efficient. They also want homes to be a place of comfort and a quiet sanctuary. The quality of the neighborhood is at the top of their search as most impor ...
Wednesday, April 17, 2019 / by Elizabeth Sorensen
Selling your home is a big deal. The decision to do so is usually not a quick one and the thought of selling your home can cause a series of mixed emotions- scared, excited, nervous, sad and a plethora of others.
Many home sellers decide to sell their home on their own in an attempt to save on real estate commissions and rightly so. This seems logical and the process seems easy enough- especially if this isn’t your first rodeo.
I often liken the selling process to brain surgery. You do everything you can to ensure it goes smooth but when it doesn’t you want a team of experts ready to 1) foresee the problem before it escalates 2) possess the knowledge and skill to navigate the situation and present the options 3) act decisively and confidently to handle any emergencies 4) remain unemotional and in control at all times 5) have compassion for those under their care.
The selling process involves so much more than just hanging a sign in your yard, taking some gr ...
Wednesday, April 10, 2019 / by Connie Tracy
Now that is Spring, it's warming up, you are thinking about selling your home or you just want a change you've decided to do some improvements and updates around the house...here are some tips of what NOT TO DO when trying to add value to your home.
Myth #1: Any remodel is a good one...
Ummmm...No. Some people think that any improvement is a good one, but not all home improvements are created equal. For example, I recently saw a home with a fireman pole in it! What? Cool for kids.. but seriously, not every homeowner is going to want to slide down this pole to get downstairs. Oy vay! Unless, the next homeowner has children or are firemen, they may not want this in their home. When making a renovation like this, keep in mind that you may want to sell the place one day.
Myth #2: I can do it myself
You may be convinced that you can do it just as well as a contractor and will save money this way, But here's the truth... You can't and you won't!
You may have an unreali ...
Monday, April 08, 2019 / by Connie Tracy
Homeowners often assume that upgrades and renovations always make there place more valuable and sellable. But many home improvements do not, in add value to the home- and in some cases, could even act as a detriment if and when the property goes on the market. Here are some common upgrades that may not increase your home value:
1. Extensive Professional Landscaping
Landscaping are a personal preference, and all the hand-crafted bridges and unique pergolas in the world won't dramatically boost your bottom line.
2. Upgrading the Utilities
Upgrading the electrical wiring or replacing the sewer will not bring you more value. These type of improvements are considered maintenance-
What to Expect in Spokane's Market
Backup Offer.... What is that?
3. New Roof or HVAC
Some buyers in the marketplace appreciate a home that features a brand new furnace or HVAC system, but they won't pay extra for it. Same goes for a new roof. Replacing a roof past it average lif ...