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10 Home Upgrades That Attract Millennial Buyers

by Amy McLeod Group


Think millennials aren't in the market to buy a home? On the contrary, by early 2019, millennials represented 42% of all new home loans. What does this mean for home sellers? It means it's time to start revamping your house to attract these buyers!

Luckily, there are plenty of simple and relatively affordable upgrades homeowners can make that appeal to millennial buyers. We asked the experts to share some of their top tips for attracting these young buyers, so your home can sell in a jiffy.

1. A home office space

Photo by Elms Interior Design 
 

The remote work trend is on the rise for all groups, but especially among millennials. As a result, Kerron Stokes, a real estate agent with Re/Max Leaders in Colorado, suggests showcasing a home's live-work versatility by carving out space for a home office.
 

"More than 13 million Americans work from home, according to the most current U.S. Census data. And all signs point to that trend continuing," Stokes explains. "It doesn’t have to be big, but millennial buyers are looking for somewhere to go for a last-minute conference call or to get additional work done during the day."

Luckily, this is an easy fix for sellers. If you're looking to make your property more attractive to millennial buyers, consider staging one of the smaller bedrooms (or even a bonus space like a nook or alcove) as a home office. It's a small touch, but it will help your potential millennial buyers picture the space working with their lifestyle.

2. Smart tech

Yes, this one seems obvious: Of course millennials are drawn to smart home tech—but what type?

"Appliances such as smart thermostats, smart doorbells, and more that can be controlled from an app are all the rage," Stokes explains. "Connectivity is king when putting a house on the market these days."

Yuri Blanco, owner of Re/Max Executives in Idaho, adds that millennials also crave low-cost tech.

"They crave smart security systems that don’t require a monthly subscription," says Blanco. "Any new technology that comes at a low cost is a major bonus to this age group."

3. Energy-efficient appliances

Energy-efficient products are also hugely important (and a huge selling point) for millennial buyers.

"Millennials are choosing eco-friendly materials such as nontoxic paint, Energy Star appliances in and around the home," Blanco says.

4. A game room/gathering space

When it comes to staging, Blanco suggests highlighting how a space could be used as a gathering place for friends—something millennials actively consider when viewing homes.

"Millennials think about friends' needs, so they want big areas where everyone can gather for entertainment, whether this be a TV or a game room," Blanco explains.

5. USB outlets


 

According to Stokes, it's particularly important to install USB outlets in bedrooms, living rooms, and kitchens if you want to catch millennial buyers' eyes. Smartphones are a fact of life today, and showing that your home is ready to make life easier with accessible charging ports will impress younger buyers.

"I recommend sellers swap out standard outlets for the outlets that include USBs for charging," Stokes says. "Constantly being on a smartphone drains a lot of power. When your home offers a charging hub or outlet for people, especially in unconventional rooms like the kitchen, they are more likely to stop and take a second look."

6. Neutral colors

When it comes time to paint a property, opt for soft, light neutrals to appeal to millennials.

"Millennials favor neutral colors," Blanco says. "Particularly grays have gained wide appeal, along with more whitewashed gray variations, soft neutrals, and creams."

7. Modern design

When it comes to upgrading cabinets and other built-in features, experts say to opt for modern design elements if you're hoping to woo millennial shoppers.

"In recent years, we are seeing millennials prefer modern, sleek designs with clean lines and minimalist aesthetics," Blanco says. "To them, less is more. Homes that have new, stainless-steel kitchens, and simple cabinetry draw millennials in."

8. Outdoor living space

In addition to upgrades inside the home, Stokes recommends making sure that the backyard feels like an extension of the living space—something that's proving important to millennial buyers.

"Millennials have demonstrated a desire to personalize their homes, and large yards provide that opportunity," Stokes says. "Spaces designed to spend time with friends around fire pits, room for a garden, and room for pets to roam is desired. However, sellers should keep in mind that these areas shouldn’t require a lot of time and maintenance, as this is something that repels millennial buyers."

Amy Bonitatibus, chief marketing officer with Chase Home Lending, reiterates this point and adds that it's important to not forget the front yard as well.

"According to the recent Chase Housing Confidence Index, a survey which used data from the U.S. Housing Confidence Survey, millennial homeowners ranked landscaping first on their renovation wish list, ahead of bathroom and kitchen remodels," she says. "Everyone wants that Instagram-worthy curb appeal. Over 40% of young homeowners are looking to install new landscaping in the next few years."

9. Garage outlets

Millennials are also more likely than older buyers to extend that smart tech to the garage and try electric vehicles, which makes power outlets in the garage increasingly important to them.

"Having the option to power, from smart cars to toy batteries to an outdoor fridge, will instantly up your home’s appeal to millennials," Stokes says.

10. Storage space

Photo by Closets by Design Louisville 
 

Millennials aren't all about fashion over function, despite what some may (wrongly) assume. Blanco says that millennials are drawn to homes that have a lot of practical storage space.

"Millennials have a desire for storage," Blanco says. "If a home contains a multifunctional piece of furniture with storage options, even better. A home with plenty of built-in closets and drawers is more likely to be sold to buyers in this age group. Garages are also a notable place for increased storage."

Thinking about selling your home? Contact The McLeod Group Network at 971.208.5093 or [email protected].

By: Realtor.com, Kayleigh Roberts 


The empty-nest drill used to go something like this: As your kids move up the rungs of the educational system, you and your partner wonder whether to move to a condo in Boca, a bungalow in the Carolinas, or another relaxed-living locale. (Let’s overlook the fact that most of us can’t afford to retire.)

But times are changing. More and more 50-plus Americans are going the urban route. Stats from the National Association of Realtors® indicate that the percentage of 50-something home buyers purchasing property in cities is edging upward. And another study found that boomers are seeing a massive uptick in renting versus owning—which makes sense if they're moving to a big city.

About those renters of over age 50: I’m one of them! When we were in our 30s, my husband and I fled the city and bought a house in the suburbs. The main reason was that our two sons had hit school age in an overcrowded public school system, and were quickly outgrowing the small bedroom they shared. So we headed to a tree-shaded town in a well-regarded school district, where our kids could enjoy separate bedrooms and a yard where they could get their ya-yas out (Stones fans, am I using that correctly?).

And so it went—and went well—until the kids grew up and skedaddled, leaving me and my husband alone in a lovely house with shriveled social connections (the days of blabbing with neighbors about that overly tough AP History teacher were over) and feeling way isolated. We both worked in the city, and without the school system anchoring us, why were we commuting, we wondered? And why were we paying that hefty school tax bill now that our kids had flown the coop?

So we decided to sell our family home (sorry, boys!) and move. For us, it was a great decision. Here’s why:

1. Boosting our bank account

At least for the moment, my husband and I are happy not to have money tied up in real estate. As you may know, the current tax laws don’t incentivize having a mortgage the way they used to. We don’t feel the imperative to own a home in order to get that deduction come April 15, so why not feel a little unencumbered and mobile for a while?

2. Getting off the train schedule grid

Now that we are not running home after work to make dinner and supervise algebra homework (as if I could be of any use on that), my husband and I can reclaim our evenings, which feels a lot more fun in the city. We can take a walk by the river, try a new rooftop bar, or stop by a gallery opening without doing commuter math, which goes something like, “If the train is at 10:30 p.m., that means I need to leave here by 10. … Then, let’s see, I should get to the station at home at 11:30, drive for 15 minutes, and be in bed by midnight.” For a couple trying to reinvent our life after two decades of kid focus, freedom from the commuting schedule is a very good thing.

3. Jettisoning all that home maintenance

Praise the Lord, I no longer need a contact list full of electricians, roofers, masons, tree-stump grinders, landscapers, the highway department (responsible for pickup of garbage over a certain size), pest-control specialists (wasp nests, gah!), HVAC folk, etc. All of the homeownership stuff, so long! And the winter drama of nor’easters, tree limbs flying down, power going out, and frantic efforts to find somewhere—anywhere—to do a load of laundry are over.

4. Enforced downsizing

City life is apartment life, and it’s forcing me to go minimalist. There’s no basement, attic, or other place to hide the accumulated stuff of life, so I need to get rid of it. Or at least I’m trying to. I have a storage unit holding the contents of my former attic, having been unable to Marie Kondo my way to lean-and-mean status pre-move. But our lack of storage is making us think twice about accumulating any more crap.

5. Urban adventuring

In the city, quirk and culture abound. While I miss the sound of the wind whispering through the pine trees and the squirrels and birds darting around my yard, the city has a seductive pulse of discovery. There’s an aura of possibility that makes life feel more exciting, even if I just sit on my butt at home. Knowing that a midnight cheese-tasting event or a mermaid parade are just a quick subway ride away brightens my day in a big way. Yes, I’ve forsaken space, fresh air, peace and quiet. But I feel as if I’m sharing an amazing and varied human experience with fellow urban explorers.

Contact The McLeod Group Network for all your Real Estate needs! 971.208.5093 or [email protected].

By: Realtor.com, Janet Siroto

The One Thing That Can Make or Break How People Feel About Your House

by Amy McLeod Group


Considering the time and energy homeowners put toward making their house look great (particularly if they're trying to sell), many make the critical mistake of neglecting another one of our senses that can be far more powerful: smell.

Even if you’ve decorated or staged your home perfectly, if potential buyers walk in and detect an unpleasant odor, they could skedaddle fast. Good scents, on the other hand, entice them to linger.

“One of the easiest ways to evoke pleasant feelings about a space is to enhance the way it smells,” says Ben Creamer, a managing broker in Chicago. “It’s often the first thing a person will notice upon entering a space—and it’s one of the things that, when done poorly, can kill a sale, no matter how beautiful the home.”

Before considering what options you have for making your home smell amazing, you want to be sure you’re starting fresh.

“The first step to a good-smelling home is to get rid of any odor,” says Barb Boehler, a real estate agent in Madison, WI. “Make sure to scrub all surfaces, wash all rugs, and have the carpets cleaned. Until this is done, you'll only be masking smells.”

In addition, be mindful in creating a home scent that will be as universally appealing as possible.

“The definition of ‘pleasant’ when it comes to the olfactory senses can vary widely from person to person, so it’s best to keep the scent subtle and clean throughout, with a special emphasis on the kitchen and bath,” says Creamer.

With that in mind, here are 11 tips for making your home smell amazing before guests or home buyers arrive.

Scrub down the bathroom

It goes without saying that scummy showers and grubby toilets are major buyer turnoffs. Use Fabuloso liquid cleaner for bathroom surfaces, including tubs and showers, for a lovely lavender scent, recommends Lisa Jacobs, an organizing professional and founder of Imagine It Done.

Freshen the fridge

Yes, there’s a good chance people will open your refrigerator and take a peek inside. Toss any smelly leftovers or expired condiments, then leave a fresh box of baking soda on a shelf to take care of any lingering odors, says Jacobs.

Take out the trash

Obviously, get rid of any and all garbage before you welcome guests. If your trash cans still carry an odor, sprinkle baking soda in the bottom to absorb it, advises Lisa Molinari, a real estate agent in Morristown, NJ.

Get underfoot

Carpets and rugs can trap a ton of bad smells, especially if you wear shoes in your home or have pets—and warm weather can make them even worse.

An easy fix: Get them shampooed or steam-cleaned regularly, and especially before an open house, says Jennifer Snyder, owner of Neat as a Pin Organizing & Cleaning.

Don an apron

You know all of those hours you’ve spent watching bake-offs on reality TV? Put them to good use by whipping up something sweet that will do double duty making your home smell enticing and providing a snack for potential buyers.

Cedric Stewart, a residential sales consultant in Washington, DC, loves pulling a batch of pumpkin bread or banana bread out of the oven right before the open house begins.

“This provides a great smell, and treats seem to stick in the buyers' mind after they leave,” he says. (It’s also not a bad idea to brew a fresh pot of coffee to go with the baked treat.)

Just add soap

Round up all of those unused bars of fancy soap you’ve been gifted over the years, and place them in a pretty bowl on a bathroom counter. Dove brand soap also works great for this.

“It can fill a room with a remarkably clean, fresh scent for weeks,” says Creamer. “You can even hide a bar or two in a walk-in closet to freshen the space.”

Play with matches

Tried-and-true candles can make a room feel peaceful, as well as fill it with a pleasant scent—provided the scent isn't overpowering.

Jacobs loves Apotheke’s bamboo three-wick candle, while Los Angeles–based real estate agent Melissa Okabe always turns to Diptyque’s baies candle, which smells fresh and fruity.

Light the candle 10 to 15 minutes before the open house begins and, of course, keep it in a well-ventilated area away from anything flammable.

Focus on essentials

Oils, that is. If you’d rather stay away from open flames, you can opt for essential oil diffusers for a similar effect.

Okabe recommends fresh, neutral scents such as lemon or lavender, to add to a high-quality diffuser such as this one from West Elm. (It will be a gadget you use long after you sell your home, too.)

If you don’t want to invest in a diffuser, you can use essential oils in a few other ways.

Tangela Walker-Craft, a home and family blogger, recommends dabbing a drop of oil on cold lightbulbs before turning them on—it’ll give off a subtle fragrance as the bulb warms up. You can also add a few drops to cotton balls and hide them strategically around your home, then simply toss them after the open house concludes.

Raid your laundry room

Face it: Potential buyers are likely going to be peeping through your drawers and cabinets, so you'll need to consider how they smell, as well. An easy way to freshen up confined spaces like these is to add dryer sheets a few days before the open house, says Ben Mizes, a real estate agent in St. Louis.

“These places don’t see a lot of light, so they can have some funky smells—but dryer sheets make them smell like fresh laundry,” he adds.

Simmer down

If you don’t have time to bake, you can create a similarly appealing sweet scent by simmering vanilla extract diluted in water on the stove.

Molinari makes a natural potpourri by adding five cinnamon sticks, 1 teaspoon vanilla, 2 tablespoons cloves, three bay leaves, and an orange rind to a pot of simmering water.

Catch air

High-efficiency particulate air, or HEPA, purifiers can be a little expensive, but they’re extremely effective in removing any lingering strong, strange odors from the air, says Mizes. Combining an air purifier with another method, such as baking cookies, can make a big difference in how your home smells.

At the end of the day, remember to not overdo it. Avoid having multiple scents competing with one another in various rooms.

Instead, “find one neutral, mild scent and let it breathe,” says Molinari. “A scent throughout helps give your home flow and connectivity—so allow it to become the background of the experience.”

 

Contact The McLeod Group Network to find out how much your home is worth in today's market! 971.208.5093 or [email protected].

By: Realtor.com, Kelsey Ogletree 


You’ve lived in your home for years and haven't exactly been on top of regular maintenance tasks. Now, your windows are covered in plastic wrap to cut down on the cold drafts, your ceiling seems to be leaking, and those shrubs you planted to conceal a few small cracks in the foundation just aren’t cutting it anymore.

Hey, we’re not judging! But if you’re ready to put your home up for sale, know this: Buyers and their agents are going to zero in on all those things that need doing—as well as some things you hadn't even noticed yourself.

So why not get ahead of the curve by hiring a licensed home inspector who can pinpoint what needs fixing?

Of course, most sellers don’t get their homes inspected before listing them, because the buyer usually orders an inspection during escrow, says Marc Lyman, a Realtor® with Pacific Sotheby's International Realty in San Diego, CA. And who wants to pay for something twice?

But if you're willing to invest the time and money, a thorough inspection before listing your property can make it easier to price your home, manage repairs, and even help sell it faster—and for more money.

So what are the some of the reasons why a pre-listing inspection makes sense? Let's take a look.

It can save you if you've neglected home maintenance

If you have a busy life—or maybe even if you don't—chances are that obsessing over regular home maintenance might not be your No. 1 priority during downtime. Trouble is, letting painting, roof repairs, and other routine chores slide can lead to bigger issues down the road, says Chicago-based Frank Lesh, ambassador for the American Society of Home Inspectors.

“In a lot of cases, people think, ‘I've been here for 30 years; the house is fine. There's nothing wrong with it,’" he says. "But they’re looking at it with rose-colored glasses.”

Instead of worrying what a buyer’s inspector will uncover—and which could potentially kill the sale—be proactive with a pre-listing inspection, Lesh says. This way, rather than being blindsided, you can then decide whether to make the necessary repairs or to account for that deferred maintenance by reducing the list price. Which leads us to…

You can make more a bigger profit on your sale

Sure, a home inspection that you don't have to do is going to cost money. (An inspection for a 1,200- to 1,500-square-foot house in an average market, for instance, will cost between $350 and $600, Lesh says.) But as the saying goes: Sometimes you have to spend money to make money.

After all, if you invest a little more to repair and spruce up anything the pre-inspection reveals, you can justify listing your home at a higher price, Lyman says. Plus, he adds, in most states, home improvement repairs you carry out before selling your house are deductible from the profit you make from the sale.

Sometimes, just knowing that a pro has given the house a proper once-over can persuade a buyer to make a bid (assuming that you actually follow the inspector’s recommendations).

“It minimizes surprises for a buyer, and can give a buyer more confidence in the property," Lyman says.

You won't have to scramble to fix things at the last minute

Once a buyer’s inspector submits a report, sellers are usually faced with two choices: If problems are found with the house, they can then either slash money from the sale price, or opt to carry out repairs before the closing date. That often leaves sellers in the lurch, having to get work done pronto—and sometimes paying a premium for the rush work.

After a pre-listing inspection, sellers can research contractors and make the necessary repairs within a time frame of their choosing, so that everything is ready before potential buyers even visit the property.

It'll minimize back-and-forth negotiation

Buyers often use their home inspection as leverage, asking the seller (that's you!) for steep discounts based on what their inspector’s report reveals. Not surprisingly, the buyer’s inspection is often where the deal falls apart.

If you’ve already uncovered the issues and addressed them, you can raise the price of your home accordingly, Lyman says. “That gives the buyer less leverage in the request for repair process,” he explains.

Also, in red-hot markets where multiple bids come fast and furious, there's always a chance that buyers might accept your pre-listing inspection without insisting on doing their own. This can make for a quicker sale, Lesh says.

But make sure a pre-inspection doesn’t work against you

As advantageous as a pre-inspection can be, don’t forget that the inspector’s report could be a double-edged sword: Once you know about a problem, you can’t ignore it, Lyman says.

Sellers are legally obligated to disclose any problems that a home inspection unearths.

“For sellers unwilling to do repairs, their own inspection could be used as leverage to negotiate on price and in the request-for-repair process,” he says.

Before committing to a pre-inspection, find out what other sellers in your area are doing. Your agent can help guide you on whether it's necessary to sell for more, or if there's a better—and more affordable—strategy for getting your home sold.

Looking to sell your home? Contact The McLeod Group Network to learn how much your home is worth in today's market!  971.208.5093 or [email protected].

By: Realtor.com, Wendy Helfenbaum


When you decide to sell a house that desperately needs updating, you basically have two choices: Sell it as is—in its current condition without improvements—or make upgrades in the hope of reaping bigger bucks down the line.

While renovating your property will inevitably sell your home faster and for more money, listing your property as is has its perks, too—including not having to fork over lots of cash for major improvements you won't get to enjoy, and not dealing with the headaches of those improvements.

Deciding what to do can be overwhelming, but we're here to break it down for you. If want to unload your property pronto and for maximum cash, here are some things to keep in mind.

Out of house often means out of mind

If you've already purchased another home and have one foot dangling out the door, things can get challenging. Between work and family obligations—plus dreaming about decorating your soon-to-be new home—chances are you won’t have the time or energy to reimagine your old one.

If you're set on upgrading your old home to get top dollar, you'll want to find the right professional to guide you through the process, says Eric Stewart, a Realtor® with Eric Stewart Group of Long & Foster Realtors.

“Unless you find a real estate agent whose experience you can trust, someone who has a very good track record preparing homes and understands how to do the work, you’re often better off to sell the property as is, so that you don't get involved in chasing the market,” Stewart says.

Assess the potential workload, time, and money it'll take to upgrade

Get an expert opinion—or better yet, several opinions—regarding how much updating and repair work would be required to boost the home’s bottom line: Does the place just need a good scrub, or an entirely new kitchen and three new bathrooms? And more importantly, do you have the cash, the time, and the patience to see the project through?

“It’s all about whether people want to deal with renovations or not,” says Paul Morse, a licensed contractor and owner of Paul’s Carpentry Workshop in Stoneham, MA.

Morse, who's worked for several clients who wanted to spruce up a neglected home prior to listing it, suggests that sellers should identify three projects that need doing, and then consult their agent to crunch the numbers.

“Sellers should ask what their return would be if they fixed the bathroom and kitchen, for example, versus what the investment would be," he says. "Then, get three prices from three qualified local contractors.”

And don't forget to factor in the cost of owning the home during major renovations. Depending on how extensive your revamp is, you might need to find temporary housing while your property is being gutted, so add that fee to your bottom line.

Take your location—and the market—into account

If your home sits on a great lot in a sought-after loascation, buyers—especially investors—might line up in droves. When the land is more valuable than the structure sitting on it, you might be better off selling the property as is, Stewart says—there’s little point revamping a house that will probably be torn down as soon as the ink on the purchase agreement is dry.

Stewart recalls a recent listing priced at $650,000 in a hot market.

“We sold it as is for $655,000, and the seller was able to leave everything they didn't want in the house, lock the door, and say goodbye, which provided tremendous freedom for them," he says. "The work they would have had to do would never have got them the return they got by doing nothing.”

‘As is’ doesn’t mean ‘falling down’

Of course, doing some inexpensive repairs often helps sell your home faster, notes Lynn Pineda, a Realtor with eXp Realty in Southeast Florida.

“Even when buyers say, ‘I'm going to sell my home as is,’ that doesn't mean you have to present your home in shoddy light to a buyer; you still need to prepare it and make it look good,” she says. “Otherwise, you will sell for less money, or the house will sit on the market and you’ll lose money in the long run.”

If you just want to do the bare minimum and are willing to shell out a few thousand dollars, Morse suggests painting the entire home and resanding hardwood floors, if there are any. These upgrades would take about a month to do, but will make a huge difference in listing photos.

Selling your home as is won’t stop buyers from trying to negotiate

A house that hasn't been updated in years—or even decades—often attracts builders or investors looking to gut or tear everything down and construct a new home. These "fix and flip" buyers always want to maximize their profit, Stewart says, and might try to haggle down the purchase price.

Find a real estate professional who can help you maximize your profits; look for one who's had considerable success selling homes like yours, in your specific area of town. Some good questions to ask include how long comparable properties have stayed on the market before selling, what kinds of houses are selling fast and what condition they’re in, and which neighborhoods are most desirable.

Together, you can weigh what your home's worth—and negotiate a better bottom line.

Looking to sell your home? Contact The McLeod Group Network and get info on your home's value971.208.5093 or [email protected].

By: Realtor.com, Wendy Helfenbaum 

Looking to sell your home? Claim your home and get info on your home's value.

 


What happens if you sell your house for more than you owe on your loan? If you find yourself asking this question, congratulations are most likely in order. Selling a house for more than the value of your mortgage often means you'll walk away with a nice profit.

But not always. Sometimes, even if a home's sales price is higher than the mortgage amount owed, a seller may not see a dime—or may even owe money at the closing table instead! Here's how to figure out if you're going to make or lose money when you sell your house.

Where your profits go when you close the deal

During your home closing—the final leg of the sales process where you swap your house keys for a check—there's traditionally a go-between who handles transferring funds from buyer to seller. That might be an escrow company, a real estate agent or attorney, or a title company, depending on where you live, but they're the ones who will take the buyer's money (usually a check from the lender) and use it to pay off the seller's mortgage, says Bryan Zuetel, managing broker of Esquire Real Estate and the managing attorney of Zuetel Law Group, in Pasadena, CA.

Yet that check doesn't just go straight into a seller's pocket. Many other parties must be paid off first. Here are a few costs that may eat up your profits.

Real estate agent commissions

First up, the seller's real estate agent has to be paid a commission—as well as the buyer's agent, if the buyer had one, says Robert Berliner Jr., a real estate attorney with the Berliner Group, in Chicago.

Traditionally, the title company, escrow company, or lawyer handling your closing will cut a check directly to your listing agent, Berliner says. This agent will split this with the buyer's agent who helped secure the deal.The typical commission for a seller's agent is around 5% to 6% of the sales price of the house, although just how much your real estate agent gets will be outlined in the listing agreement—the document you signed when you hired the agent to sell your house.

If for some reason there isn't enough money left over from the sale to pay your agent, you'll need to be ready to write a check at closing to make up the difference.

We know: It's a downer to write a check on the day you sell your home, but it happens if housing prices have dipped since you bought the place. Comfort yourself with the thought that you might be getting out before suffering more serious losses.

Closing costs

The buyer typically pays most closing costs, but sellers often face some closing costs, too. These fees can amount to as much as 1% to 3% of the purchase price of the house. Everything from recording fees to title insurance premiums can come out of the sales price of the house—aka the money the buyer pays to the seller—as part of closing.

And you guessed it, these fees will be paid during the process, so they'll come right out of the money left over after you pay off your mortgage.

Property taxes

After the agents get their cut and the closing fees are settled, any taxes you owe on the property will be levied. In many states, taxes are paid a year in arrears, Berliner says. In other words, the real estate taxes paid in 2019 are actually the taxes on the property for the year 2018. Your buyer isn't responsible for taking on the taxes for the time you owned the property—which means you may have to pay up.

Some states also levy a transfer tax when property is sold, which falls on the seller to pay out of the price of the home.

Just how much you're facing can vary greatly depending on where you live, Zuetel says, but you can expect costs roughly from $50 to $225.

Anything left? It's yours!

After your loan is paid, the agents get paid, and any fees or taxes are settled, if there's money left over, you get to keep the balance. Congratulations! The money can be paid by check or wired straight into your account.

To see just how much you're expected to net, you can ask your closing attorney, escrow officer, or even the title company for a draft settlement statement before closing. This document details all of the closing costs, real estate commissions, fees, and taxes that will come out of the sales price of the home.

Thinking about selling your home? Contact The McLeod Group Network for all your real estate needs! 971.208.5093 or [email protected].

By: Realtor.com, Jeanne Sager 

Home Staging in a Hurry: Hacks to Spruce Up a Space in 5 Minutes

by Amy McLeod Group


Selling your home
 these days takes more than just finding an agent and listing it. You’ve got to really sell it. That means impressing buyers the second they walk in the door.

One of the best ways to do this? Home staging, where your home's decor undergoes a makeover in order to entice home buyers to swoon and make an offer.

“The statistics don’t lie,” says Samantha Rose Frith of Warburg Realty in New York City. “A well-staged house will sell more quickly and draw a higher sales price.”

But who has time for that? Hiring a pro is pricey (here's more on how much home staging costs). Plus a pro can't do all of the work; you’ll still need to do some sprucing up if you have an unexpected showing.

So if the clock is ticking, here are home staging tips and tricks that you can pull off fast, depending on how much time you have—from an hour to just 5 minutes.

Home staging in 5 minutes

  • Put down the toilet seats: “Yes, that makes a difference,” says Jennifer Okhovat, a real estate agent in Los Angeles. Tracey Hampson, a real estate agent in Santa Clarita, CA, also recommends hiding the plunger and toilet brush, and any reading material you may have accumulated in your bathroom. “A bathroom is a bathroom, not a library,” says Hampson. Amen.
  • Open the blinds: Let in as much natural light as possible—unless you have a spectacularly bad view, in which case, keep those blinds closed.
  • Take out the trash and recycling: You may get that one potential buyer who will look everywhere.

Home staging in 15 minutes

  • Clear your countertops: “The less clutter on countertops, the better,” says Okhovat. A nice bowl of fruit can spruce things up, but if you have several small appliances and all of your spices out, take a few minutes to stash them in your cupboards or a storage bin.
  • Adjust the temperature: You don’t want buyers to rush through your house because it's too hot or too cold. You also want to show that your heating and cooling are working. The ideal temperature depends on your home and the season, but keeping it at around 70 degrees should ensure everyone who sees your home is comfortable.
  • Hide any piles of toys, clothes, and mail: “Remove the clothes from the stair steps, ensure the four piles of mail get reduced to one or tucked away entirely,” says Katie Coombs of Total Home Experience in Reno, NV. Janet Lorusso of JRL Interiors, in Boston, recommends keeping baskets handy in your living spaces for quick cleanup of toys and other clutter.

Home staging in 30 minutes

  • Remove personal items: Buyers like to view each home as a blank canvas, and that’s hard to do with pictures of someone else’s family dominating the space. “Family and vacation pics are great, but maybe the Disneyland throw blanket and the hanging, glued-together puzzle could go in the closet for a bit,” says Coombs. Keep your privacy in mind as well as you clear items. You may want to stash items with your family member’s full names on display, for example.
  • Clean, clean, clean: Vacuum, sweep, and mop as often as you can stand. “Check mirrors for spatters," says Lorusso. Bonus: "The smell of cleaning products will make your house feel clean, even if it isn’t."
  • Add or adjust your lighting: “Use torch lamps if a room doesn’t get a lot of natural light, says Joel Moss of Warburg Realty in New York City. “We also find that replacing LED bulbs with bulbs that give it a warmer feel has a beneficial effect on buyer interest.”
  • Hang a mirror: “Hang a wall mirror strategically to add visual interest and make the space look larger,” says Amber Harris of Keller Williams Capital Properties in Washington, DC, and interior decorator with At Home DC.

Home staging in an hour

  • Rearrange the living room furniture: Instead of arranging your living room furniture based on the best view of the TV, “arrange furniture to face focal points in the room, like a large window with a view or a fireplace,” says Anne Clancy, a Re/Max real estate agent in Cottage Grove, MN.
  • Make small repairs: “That leaky faucet or moldy caulk might not seem like a big deal if you lived there for the last 10 years, but they will almost always factor into a lower offer,” says Frith. If there’s a small project you’ve been putting off, like fixing a hinge on a cabinet door, now’s the time to take care of it.
  • Spruce up walls, outdated countertops, dressers, and more with contact paper: “It’s not just for lining shelves anymore,” says Michael Nelson, chief operating officer of the Pyramid Project, a property management firm in Kissimmee, FL. “We’ve used it on everything from walls to countertops. It holds up well, looks great, and when you want a change, it removes with ease and no damage to the surface.”

Looking to sell your home? Let the professionals with The McLeod Group Network help! 971.208.5093 or [email protected].

By: Realtor.com, Melinda Sineriz 

Should You Do Home Upgrades Now ... or Right Before You Sell?

by Amy McLeod Group


Home sellers are often told to make upgrades to their house before they sell ... but when is the best time to get those home improvements underway, in terms of scoring the best ROI?

It's a tough balance to strike. After all, the sooner you remodel your kitchen or retile the bathroom, the more you'll get to enjoy it all yourself. But if you make those improvements too long before you sell, you risk them looking run-down and outdated by the time you want to market your home. So, when's the right time to give the green light?

If you're agonizing over such questions, we can end your misery now—in a good way! Here’s how far in advance of listing your home you should do certain home improvements, so they'll still look fresh enough to fetch top dollar.

7 to 10 years out

Well, you’re quite a planner, aren’t you? That’s cool … we’ll play the long game with you. Here are upgrades you can safely undertake when you still have significant time until your sale.

1. Redo your landscaping

This is truly one of the few housing projects that gets better with age, since shrubs and trees only improve as they mature. And, bonus: It's likely that it will never look dated, says Lisa Shiroff of Leafy Green Landscaping in Buena, NJ. However, she cautions, think twice about unique or difficult-to-maintain items if you are concerned with resale value—we’re talking elements like a meditation nook, bocce ball court, or koi pond.

“Most people are not willing to invest the time, energy, or finances to maintain those areas, so keep your additions relatively mainstream and user-friendly,” Shiroff says.

2. Update the garage door

Believe it or not, updating your garage door is the top upgrade you can make in terms of return on investment.

“Curb appeal is key when you’re getting ready to sell your home, and garage doors can dramatically improve the look of your home,” says Matt Edstrom of GoodLife Home Loans in Laguna Hills, CA. Since garage doors can last for up to 40 years, this is an update you can enjoy right now, without worrying about taking a depreciation hit.

3. Replace your roof

If your roof is more than 20 years old and you plan on selling, you may want to replace it, suggests Taylor Willson, owner of Willson Home Inspection Inc. in Tampa, FL. For one thing, you may receive immediate savings from your insurance company, he says, and beyond that, “A newer roof is a great selling point.” Choose a hardy material, like concrete tiles or asphalt shingles, that have a long useful life.

4. Keep up on repairs

Repairs should have a permanent spot on your “to do” list. If it’s broke, then, yes, please fix it.

“Don’t put off repairs while you wait for the optimum time,” says Cristina Miguélez, remodeling specialist at Fixr.com. “They help your home retain value and can keep a small problem from becoming exponentially bigger.”

5 years out

This is a good time to start thinking about big-ticket items that will affect your resale and that you won’t want to pay for all at once. Here are some to consider.

1. Replace major systems

We’re talking HVAC systems, plumbing … anything whose average life expectancy is relatively long, and where you want your listing to showcase that these key systems are less than five years old. Replacing them now allows you to enjoy the improved operation and potential energy savings, while avoiding a concession in the sale price when the time comes, Willson says.

2. Check on anything with a warranty

This is also a good time to do a check on any items that have a current warranty—such as windows and appliances—while they are still covered, suggests Frances Dawson, with Re/Max Executive at the Lake in Cornelius, NC.

3. Switch out your front door

Another important element of “curb appeal,” your front door can really make your house pop, says Edstrom, as well as potentially increase your energy efficiency. Front doors can last for decades, but they are also exposed to the elements, so this is a good time frame to allow you to enjoy the aesthetics and energy savings, without running the risk that it will look too weathered come sales time.

2 years out

Two years is nothing in a home’s history, so it’s time to really start getting serious. Here’s what to do to start prepping for a relatively imminent sale.

 1. Reno the kitchen or bathroom

This can be subjective, but you’re probably safe doing an overhaul in this time frame if you are hoping to get some personal enjoyment out of your updates. Miguélez suggests, however, that you pick your decor carefully to avoid being stuck with an upgrade that’s already dated.

"A ‘trend’ is something that’s predicted to last roughly 10 years, so your safest best is to find a look that’s been on the upswing for roughly two to three years," Miguélez explains. "That means it will look relevant for a while, rather than something that is already five years old and potentially nearing its expiration date.”

Dawson recommends seeking the opinion of a local real estate agent, who can steer you to cost-effective updates that will increase the value of your home without over-improving it. And, she says, beware of DIY.

“If you don't have extensive prior experience, hiring a professional is going to be cheaper in the long run, because the DIY look is unappealing to your potential buyer.”

2. Get to organizing

This is also a good time to start cleaning out storage areas, closets, cabinets, the garage, the attic—anyplace you have an accumulation of stuff, Dawson says. Your future self will thank you for getting this time-consuming project out of the way now.

3. Have a home inspection

Very few sellers do this, but it’s smart to have your home professionally inspected right about now, so you won’t run into any nasty surprises when selling time rolls around.

“It is always less expensive to repair items before you get into negotiations with a buyer,” Dawson points out.

1 year or less

It’s crunch time, and now is the time to attend to all the high-traffic areas, as well as make improvements that will freshen up your listing.

1. Redo flooring

Pets and kids can scratch up your floors quickly, so wait as long as you can before refinishing floors. Replace carpet, too, if it’s dingy, and especially if it has pet odors.

2. Roll on a fresh coat of paint

Walls get dinged up constantly, so painting right before putting your house on the market can really make it sparkle. It’s also a quick job that you can get done in a week or two.

3. Replace all your accessory items

These are things like bedding, throw pillows, chair cushions, patio furniture, shower curtains, plumbing fixtures, cabinet pulls—all the embellishments that provide the “lipstick” for the foundational elements.  Shop those sales and switch out everything you can, Dawson recommends.

“You want the house to shine like a new penny, not appear to be well-loved," she says.

Thinking about selling your home? Contact The McLeod Group Network to find out how much your current home is worth! 971.208.5093 or [email protected]

By: Realtor.com, Cathie Ericson

2 Trends Helping Keep Housing Affordable

by Amy McLeod Group


Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in decades!

These two factors have helped keep housing affordable despite low supply of houses for sale driving up prices. First American’s Chief Economist, Mark Fleming, explains the impact,

“Ongoing supply shortages remain the main driver of the performance gap as the housing market continues to face an inventory impasse – you can’t buy what’s not for sale.

 However, an unexpected affordability surge, driven primarily by lower-than-anticipated mortgage rates, rising wages and favorable demographics, has boosted housing demand.”

Mortgage interest rates had been on the rise for most of 2018 before reaching their peak in November at 4.94%. According to Freddie Mac’s Primary Mortgage Market Survey, interest rates last week came in at 4.20%.

Average hourly earnings grew at an annual rate of 3.2% in March, up substantially from the 2.3% average pace seen over the last 10 years.

These two factors contributed nearly $6,000 worth of additional house-buying power for median households from February to March 2019, according to First American’s research. Fleming is positive about the prolonged impact of lower rates and higher wages.

“We expect rising wages and lower mortgage rates to continue through the spring, boosting housing demand and spurring home sales.”

Bottom Line

Low mortgage interest rates have kept housing affordable throughout the country. If you plan on purchasing a home this year, act now while rates are still low!

Contact The McLeod Group Network for all your Real Estate needs! 971.208.5093 or [email protected] 

By: KCM Crew

5 Strange Things That Can Stop a Home From Ever Selling

by Amy McLeod Group


Ever wonder what could keep a home from selling? Just ask a listing agent. They've seen some doozies.

Listing agents, as the professionals who help prep a home for sale, are often tasked with telling home sellers why their house might not sell in its current condition. It's a tough job, but it sure beats saying nothing and then watching a home sit indefinitely.

While most corrective tweaks are small—say, a fresh coat of paint or a solid decluttering—sometimes the things that stop a home from selling take everyone by surprise. Here are a few that listing agents have dealt with, and the solutions that saved the day.

1. The 'green monster'

Seth Lejeune, real estate agent with Berkshire Hathaway in Collegeville, PA, coined this phrase to describe a "horrendously colored hunter-green carpet” in his home seller's living room. This home had already been listed once with another agent with no offers; Lejeune was quite sure this carpet was the culprit.

“So I told the seller to replace the carpet with something neutral,” Lejeune says. The seller "was surprised, but receptive. I explained the importance of first impressions, and he got it after a few minutes.”

Replacing the carpet cost only $1,500. “We got four showings within two weeks, and it was the fastest townhome sale of the year,” Lejeune says. In fact, the home buyers mentioned at settlement that they especially loved the living room.

Take-home lesson: Even simple cosmetic flaws, like an ugly shade of carpet, can make some home buyers run. Luckily swapping out carpet is an easy fix.

2. Too many pets

Seattle real estate agent Matt Parker recalls meeting with a landlord who was looking to sell his rental property. The problem? The home had been rented to, as Parker puts it, a couple of “pet enthusiasts.”

“They had about 30 injured birds, squirrels, dogs, cats, lizards, snakes, and dozens of fish in a 910-square-foot house,” he says.

The snakes were in cages and the fish were in bowls, of course, but the rest of the animals roamed free.

“You can imagine what the home smelled like, how stained the floors were, and how many ‘hidden treasure’ land mines there were throughout the house,” Parker says.

The carpet, flooring, subflooring, walls, and exposed wood throughout the house had been permeated with a foul odor, Parker says.

Parker told the home seller that his odds of selling were slim, unless it were a teardown. Thankfully, the seller accepted the news without much drama.

Take-home lesson: We love our furry friends, but that doesn't mean potential buyers want to see our pets (or any of their traces) when looking at a home they're thinking of buying. (Here are tips on how to sell a home with pets.)

3. Noisy neighbors

Homeowners value privacy, but, alas, they don’t always get it.

Courtney Poulos, a broker at ACME Real Estate in Los Angeles, experienced this firsthand with a client who was looking to sell a stylishly remodeled three-bedroom home. Unfortunately, the house “was right next to a large apartment complex,” Poulos says.

“When you were in the backyard, you felt that the occupants of the apartment complex were looking right down on you," she adds.

Poulos agreed to list the house, but remembers a couple of troublesome open houses. During one, a couple living in the apartment building out back “were fighting and you could see them and hear them from the backyard,” she says. At another open house, “one of the neighbors had his TV on so loud that we had to blast music of our own in the open house to try to cover it up."

The fix? “Since we were not getting the offers we wanted after the first couple of weeks, we built a 12-foot fence, incorporated canvas sun shades, installed twinkle lights, and made the outdoor space much more private,” Poulos adds.

The costs tallied up to $3,000, but it was a modest expense considering “this backyard solution ultimately helped sell the property.”

Take-home lesson: No one likes noisy neighbors, especially those who can see right in your house without effort. So, if your home is located adjacent to an apartment building or another home, you’ll want to take steps to provide yourself some privacy.

4. An underground oil tank

“I sold a home earlier this year that an investor had purchased through a foreclosure auction,” says Christopher Pagli, associate broker at William Raveis Legends Realty Group in Tarrytown, NY. But a presale inspection turned up some unwelcome news.

“There was a buried oil tank on the property,” Pagli says. “This came as a surprise, because the home was fueled by natural gas.”

Altogether the testing, removal, and backfill for the oil tank cost the seller about $8,000. The good news? Once the oil tank was removed, the home sold in three weeks.

Take-home lesson: Underground oil tanks are rare, but if you suspect your property has one, you’ll want to have the land tested by an inspector who specializes in oil tank location and decommissioning before putting your house on the market.

5. Mold

No word strikes fear into the hearts of home buyers and sellers more than mold.

“It is a four-letter word, and most definitely has been the issue of greatest magnitude for my home sellers," says Michael Edlen, a real estate agent in Pacific Palisades, CA.

One particularly bad experience sticks out: Before listing a house, Edlen spotted mold in a relatively small area of the garage, but that was just the start.

“[Mold] remediators found that the mold had gotten into the wall framing, so they had to open walls up behind and next to primary areas,” Edlen says. “By the time the work was done, it took two full months and nearly $60,000."

Fortunately, the sellers didn't freak out over the bill—or Edlen.

“One way or another, they would have had to deal with it—and better to fix it upfront than leaving it to later,” he explains.

Take-home lesson: Mold can put a homeowner’s health at risk, which explains why it’s one of the most common fears among home buyers. Make sure you check your house for mold and address any issues before listing it.

Contact The McLeod Group Network for all your Real Estate needs! 971.208.5093 or [email protected] 

By: Realtor.com, Daniel Bortz

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**Disclaimer: Amy McLeod, and her team, do not initiate, process, or service mortgages.  And provide this information only as a service.  You should confirm information here with your Licensed Mortgage Lender.