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Home Sales Expected to Continue Increasing In 2020

by Amy McLeod Group


Freddie Mac
Fannie Maeand the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.

Below is a chart depicting the projections of each entity for 2019, as well as for 2020.

As we can see, Freddie MacFannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered selling your house recently, now may be the best time to put it on the market.

 

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

 
By: KCM Crew

7 Important Home Repairs to Do Right After Moving Out

by Amy McLeod Group


Congratulations: You're moving out, and on to your next home! Now all you have to do is pack up your things and skedaddle, right?

Not so fast. If you're still trying to sell your current home, you'll want to make sure it looks its best, which means you might have to make a few repairs. And there's no better time to do this than after you've removed all your boxes and furnishings, since this means you've got plenty of space to get the job done right (and with minimal mess).

Granted, you might have already made some upgrades during the early stages of sales prep ... but moving out means you could uncover a whole lot more. And trust us, buyers will notice!

Of course, if you've already sold your home, you're off the hook ... but if not, it will behoove you to do these seven upgrades after moving out. Don't worry, they're fairly easy, and they'll make a big difference helping you find a buyer who'll pay top dollar.

1. Patch holes in walls

Seeing walls with holes—even small holes left by nails—is an immediate turnoff to home buyers, says Sarah Fishburne, director of trend and design at The Home Depot. But you don't have to repaint your entire house to have your home looking fresh again. A little spackling, followed by spot painting—a cinch if you've kept some original paint—will do the trick. (If you don't have any leftover paint, peel a dollar-size piece from the wall and bring it to the paint store so they can match the color for you.)

If you have only a few holes and scratches, you can fill them with spackling compound, which is sold in small quantifrecities. For a greater number of gashes or holes, use joint compound, which is sold in quarts or 5-gallon buckets.

2. Add a fresh coat of paint to rooms that are outdated or painted in loud colors

Love that plum paint color you chose for your master bedroom? Home buyers might not! The good news is, painting a room is an easy, low-cost project you can do yourself. Selecting the right hue, though, is crucial.

“Neutral colors are generally the safest choice, as they blend with many different decor styles,” says Hunter Macfarlane, Lowe’s project expert. “Gray is a popular color to paint a room before selling, as it gives the walls depth while still tying furniture and other decor items together.”

Moreover, “a fresh coat of paint never hurt resale value,” Fishburne says.

3. Replace old outlet wall plates

This is another quick and budget-friendly way to make a space feel cleaner and updated, Macfarlane says. Proceed with caution, however: Old wall plates can be a fire hazard if they’re cracked or damaged in any way. If you suspect there’s an issue, hire an electrician to replace the wall plates for you.

4. Clean carpeting

Dirty and dingy carpets are huge eyesores, which is why David Pekel, chief executive officer at the National Association of the Remodeling Industry, recommends that homeowners give their house’s carpeting a good cleaning after moving out. You can amp up your vacuum with rug-cleaning products such as powders, foam sprays, and liquid shampoos available at grocery and hardware stores. For stained areas, use a bristled brush to work the cleaning solution into the carpet before allowing it to dry and then vacuuming up.

To remove embedded dirt, you may need to use a powerful industrial-style carpet-cleaning machine, like a Rug Doctor, which sprays hot water with a detergent over the carpet and extracts it with a high-powered vacuum. Industrial carpet cleaners have more washing and sucking power than most consumer carpet cleaners, but they’re expensive to buy—about $400 to $700—so it's more economical to rent one from a hardware store for about $25 to $30 per day.

5. Clean hardwood floors

Many home buyers swoon over hardwood floors. So if you have them, make sure they're glistening after you move out.

“Wood is probably the easiest floor covering to keep clean, but you have to use the right cleaning products,” says Brett Miller, vice president of education and certification for the National Wood Flooring Association in St. Louis.

Most wood floor installers or manufacturers recommend cleaners that contain isopropyl alcohol, which dries quickly, and are available at home supply stores. To make your own solution, simply add a capful of white vinegar to a gallon of water, which will help dissolve grease and grime on the floor but won’t strip the finish. To remove shoe scuffs, rub marks with a tennis ball, which cleans without scratching the finish.

Under no circumstances should you use a steam mop, Miller warns.

“Steam is horrible for wood floors. It opens the pores in woods and damages the finish, causing irreversible damage to any wood floor,” he says. Here's more on how to clean hardwood floors.

6. Replace or refresh old hardware

Swapping out old cabinet and door hardware is a simple, low-cost project you can tackle in a day that will make your home more visually appealing. All you need is a screwdriver and a free afternoon. Want to save some money? Keep your existing hardware and give it a makeover with spray paint—a few light coats can breathe new life and personality into rusty old knobs and pulls.

7. Improve the look and functionality of your master bathroom

full bathroom remodel is expensive; on average, it costs $10,344, according to HomeAdvisor. Just a few changes to your master bathroom, though, can make it one of the most stylish rooms in your house.

Simple touch-ups, like regrouting and recaulking bathroom tile, will make the room look newer. In addition, swapping out inefficient toilets, faucets, and shower heads for products that aid in water conservation can add real appeal to prospective home buyers who are looking to lower their water footprint (and lower their water bill!). A low-flow toilet, for example, uses 20% less water than a standard toilet, and water-saving shower heads can help families save almost 3,000 gallons of water a year.

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 

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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 

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

6 Things You'll Love (and Hate) About Selling a Home This Spring

by Amy McLeod Group


For many home sellers, there’s no better time to list than the spring, and for good reason: This is peak home-buying season, folks! Buyers turn out in droves once warmer weather finally arrives, bringing people out of hibernation mode, and bidding wars abound as buyers look for ways to one-up their competition.

The bad news? Selling a home during the spring isn’t free of pitfalls.

Indeed, “Spring home sellers still face challenges that they need to prepare for,” says Chris Dossman, a real estate agent with Century 21 Scheetz in Indianapolis.

Since knowing what to expect can help you nab a great offer, here are six things you’ll love—and hate—about selling a home this spring.

You’ll love: All the demand

While home sales decline in the winter (chalk it up to bad weather and holiday obligations), many home buyers blitz the housing market in spring, says Dossman. To meet that pent-up demand, many sellers list their homes at this time of year. It’s no surprise, then, that the lion's share of  real estate agents  say March, April, and May are the best months to sell a home. With so many buyers competing for homes, sellers may be in a stronger position to spark bidding wars.

You’ll hate: All the competition

Demand is strong, but so is competition among home sellers, says Kimberly Sands, a real estate broker in Carolina Beach, NC. According to the National Association of Realtors (NAR), the four heaviest home-selling months—May, June, July, and August—account for 40% of an average year’s total home-selling volume.

Want to compete with other home sellers and fetch top dollar for your house? Presenting your home in the best light is crucial. This may entail decluttering your house, having your home professionally staged, or making minor repairs so that your property is looking in tip-top shape when you put it on the market.

You’ll love: Selling in warmer weather

Open houses are often more successful during the spring than in the winter, says Dossman, since the nicer weather makes buyers more willing to emerge from the comfort of their homes to shop for houses. Another boon for home sellers: Daylight saving time gives buyers more time to look at houses, which means your property can potentially be seen by more people, says Dana Hill, vice president of Buyer’s Edge Realty in Bethesda, MD.

That said, “Sellers still need to do some prep work before holding an open house,” Dossman adds. To make sure your home is ready to be seen, do a thorough cleaning, remove such personal belongings as family photos and religious artwork, and trim your lawn for maximum curb appeal. Pro tip: Take a hike for a few hours during the open house. Buyers will feel more comfortable asking questions of your agent if you're not hovering in the background.

You’ll hate: Fighting for your agent’s attention

Because this is a busy time for home buyers and sellers, it’s also a busy time for  real estate agents . Unfortunately, some agents may take on more clients than they can handle at one time. That's why it's important to find a listing agent who is going to put the proper level of effort and time into selling your home. “If your agent is distracted, you’re not going to get great service,” Sands warns.

There’s no hard-and-fast rule for the maximum number of clients an agent should be working with, but make sure to address this topic when interviewing prospective agents. If your gut says you’re not going to be a priority, continue looking, says Sands.

You’ll love: The higher valuations

When your home’s value is assessed by a home buyer’s appraiser, the appraiser will look at data for comparable homes (or “comps”) that were recently sold in your neighborhood. The good news: With more homes selling in the on-season, the comparable data tend in your favor, Hill says. In other words, your house is more likely to pass the home appraisal, assuming that you're selling it at around its fair market value.

You’ll hate: The picky buyers

Naturally, some buyers can afford to be more selective when there are more houses to choose from, says Dossman. For instance, if your home clearly needs major repairs, they might simply pass. Add in the fact that most spring buyers aren’t shopping under pressure (as they might be during the winter), and you can expect to have a larger pool of picky house hunters in the spring than you do during other seasons.

The bottom line

Spring is unequivocally the busiest time of year to be selling a house, and though more demand from buyers can be good news for home sellers, there are still obstacles you need to plan for when selling a home at this time of year.

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

By: Realtor.com, Daniel Bortz

Why It Makes No Sense to Wait for Spring to Sell

by Amy McLeod Group


The price of any item (including residential real estate) is determined by the theory of ‘
supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.

The supply of homes for sale dramatically increases every spring, according to the National Association of Realtors (NAR). As an example, here is what happened to housing inventory at the beginning of 2018:

Putting your home on the market now, rather than waiting for increased competition in the spring, might make a lot of sense.



Bottom Line
Buyers in the market during the winter are truly motivated purchasers and they want to buy now. With limited inventory currently available in most markets, sellers are in a great position to negotiate.

Let The McLeod Group Network evaluate the demand for your house in our market971.208.5093 or [email protected]

 

By: KCM Crew

Selling Your Home? Make Sure the Price is Right!

by Amy McLeod Group


If you’ve ever watched “The Price is Right,” you know that the only way to win is to be the one to correctly guess the price of the item you want without going over! That means your guess must be just slightly under the retail price.

In today’s shifting real estate market, where more inventory is coming to market and home values are projected to appreciate at lower rates, homeowners will not be able to price their homes as aggressively as they were able to just last year.

They will have to employ the same strategy: be the closest without going over!

As we have explained before, pricing your home at or slightly below market value actually increases the number of buyers who will see your home in their search!

Over the last six months, more inventory has come to market while the months’ supply of inventory available has dropped. This means that the demand for homes to buy is still very strong throughout the country!

Homeowners who make the mistake of overpricing their homes will eventually have to drop the price. This leaves buyers wondering if the price drop was caused by something wrong with the homes when in reality nothing was wrong, the price was just too high!

Bottom Line
If you are thinking about listing your home for sale this year, let McLeod Group Network properly price your home from the start! 971.208.5093 or 
[email protected]

 

By: KCM Crew

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The McLeod Group Network
Keller Williams Capital City
1900 Hines St SE #220
Salem OR 97302
971-208-5093
Fax: 971-599-5229

**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.