Tag Archive for 'selling a home'

Thinking of Selling? Choose Your Real Estate Agent Wisely

How will you choose your REALTOR®?  Will you pick the agent who gives you the highest listing price?  If so, you may be doing yourself a disservice.  Some agents intentionally overestimate the value in order to get a seller to list with them.  Their self-interest means that the overpriced home will sit on the market as the seller eventually reduces the price trying to find a buyer.  At that point, the house is stale and the selling momentum is lost. REALTORS®, who suggest what seems to sellers to be a “low” value on the property, are motivated to get the price right so the property will sell.  It takes time, energy, and money to sell even a properly priced home in this market.  These are resources a good agent would not want to waste on an overpriced listing.

Sellers also tend to overlook the carrying costs of having a house on the market too long.  Carrying costs are how much a seller will spend until the property is sold.  Mortgage payments, taxes, heat, utilities, etc. all subtract from the bottom line of what a seller nets at closing.  Obviously the longer a house is on the market, the less profit there is.   Picking an agent who gives you the highest listing price may actually mean you end up with less money in your pocket.   If you want to work with a REALTOR® who knows how to price listings in the current market conditions, then give me a call, 603-526-4116 or email donna@donnaforest.com.

Avoid the Six Deadly Sins of Selling

1.      Don’t overprice.  It’s the kiss of death.

2.      Don’t choose the agent who gives you the highest price and lowest commission.  They are just “buying” your listing.  See #1 above.

3.      Not prepping your property for sale.  Clean, de-clutter, paint, landscape, stage the house, etc.

4.      Ignoring maintenance and repair items.  These will ALWAYS come back to haunt you.  It stops buyers from making offers, it kills sales at inspection time, or selling prices are negotiated lower to deal with these issues.

5.      Making decisions based on emotions.  When your house goes on the market, it has become a commodity and not your home.

6.      Listening to the advice of friends and neighbors instead of your agent.  Your agent is a professional in the business of selling – your friends are not.

Looking for a REALTOR® to help you avoid these big mistakes and others?  Then give me a call!  603-526-4116

Donna Forest, Broker Associate

What to Do if Your House Won’t Sell?

If your house has been on the market longer than expected with minimal activity, it’s time to review the 4 things that impact selling:  Price, Condition, Location, and Marketing Plan.

  1. Price – Evaluate the market with your agent and look at recent solds and new listings.  Where does your house fit into this market data?   It may be time for a price reduction.
  2. Condition – Look at your house through buyers’ eyes.  Spruce up, fix problems, de-clutter.
  3. Location – If you are located close to the road or packed in with other homes for example, you can only overcome a poor location by lower pricing.
  4. Marketing Plan – Review where your property is being marketed with your agent.  Look for heavy internet exposure with lots of photos & make sure it looks good in the Multiple Listing Service as well.

It’s also important to have realistic expectations about how long it takes to sell – find out the average days on market for similar houses in your price range.  If you’re looking for an experienced REALTOR® who has the expertise to get your home sold, then give me a call, 603-526-4116.

Donna Forest, Listing Broker

Are You Getting Your Tank Pumped? Septic Systems 101

A septic system is designed to treat wastewater and return it to the groundwater.  It typically consists of the tank and the leach field.  The tank’s primary purpose is to protect the field from getting clogged by solids.  It provides storage for and digests the sludge.  Since only about 40% of the sludge and scum volume can be reduced in this manner, the tank must be pumped regularly to remove the accumulation.  If tanks are not pumped out, they fill up and this sludge will be washed out, clogging the leachfield.   The leachfield is where the liquid flowing from the tank is returned to the groundwater.  Don’t wait until your system fails to have your tank pumped out.  Indications of  failure are sewage odor, slow running drains & toilets, and sewage on the ground in the leaching area.  It is recommended to call a septic system pumper to inspect every 3 years and pump as needed. Frequency depends on usage and household size so chat with your pumper to determine the best schedule for your system.   Periodic pumping of the tank is much less costly than repairing or replacing your whole system!

Donna Forest is a Broker Associate at Coldwell Banker Milestone Real Estate.  Feel free to give her a call with any of your real estate questions or needs, 603-526-4116, donnaforest.com

 

Looking to Remodel Your Kitchen? 3 Hot Trends for Kitchen Remodeling in 2012

By: Jamie Goldberg

Mulling a kitchen remodel but want to keep costs low? You’re au courant with today’s trends that emphasize options and high-tech wizardry at affordable prices.

Trend #1: Remodeling scales back

A new focus on moderation and value has entered the remodeling mind-set. Trends that are likely to show up in your kitchen next year include:

You’ll repair your existing appliances instead of replacing them, extending their life with good maintenance and care. If you’re replacing cabinets, you’re likely to build around your current appliances rather than choosing new models.

You’re scaling back your cabinetry purchases, with an increased emphasis on kitchen storage and functionality over elaborate decoration. For example, rather than stacked crown moldings throughout the kitchen, you’ll put your money into practical roll-out trays and drawer organizers.

Small-scale kitchen projects are big news. Changing out cabinet hardware, replacing a faucet, and refacing your cabinets upgrades your kitchen without major expense.

Trend #2: Simpler, warmer styles dominate

Fussiness and excess have faded away in favor of pared-back looks that present a more timeless, value-conscious style.

Cabinet decoration continues to streamline. For example, massive corbels, once fashionable as undercounter supports, will give way to sleeker countertop supports and cantelivered countertop edges. Stacked moldings will pare back or disappear entirely. Elaborately glazed finishes will yield to simpler paints and stains.

Kitchen finishes will continue to get warmer and darker, and feature natural and stained woods. Walnut especially is growing in popularity.

Laminate countertops will continue to surge in popularity, especially in contemporary design. The latest European-inspired laminates offer more textured and naturalistic finishes than ever before. While exotic wood kitchen cabinets are out of reach for most home owners, glossy, look-alike laminate versions can be had for about one-third the price.

Trend #3: Technology expands its kitchen presence

Many of the techno products and trends that relate to your smartphones and tablets have just started making their way into your local showrooms and home centers.

Appliances will be equipped with USB ports and digital screens so you can display your family photographs and kids’ artwork.

Smart, induction built-in cooktops ($500-$3,000) remember your temperature settings as you move your pans across their entire surface.

One light finger touch is all it takes to open the electronically controlled sliding doors of your kitchen cabinets — a boon to people with limited mobilities. You’ll pay 40% to 70% more for cabinets with electronically controlled doors than standard models.

You’ll be able to use your smart phones and tablets to control lights and appliance settings from anywhere you have a wi-fi connection, as well as to shop for appliances from major manufacturers.

You’ll be opting for LEDs for your recessed lights, under-cabinet task lighting and color-changing accent lighting. You’ll see more LED-powered pendants and chandeliers from major manufacturers as inefficient incandescent bulbs continue their march toward extinction.

A wide selection of affordable microwave ovens with convection and even steam features gives owners of smaller kitchen spaces more high-end cooking power.

What improvements — big or small — are you planning for your kitchen this year?

Visit Houselogic.com for more articles like this.  Reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS®

Do You Know the Value of Your Home?

Everyone is a real estate expert!

Your house is listed for sale with a REALTOR®.  Your neighbor down the street tells you that it is priced way too low and you should certainly be able to get more money than that for it.  Or you just sold your house and your brother is telling you that it sold for too little.  Sound familiar?  When it comes to real estate, everyone has an opinion – from your dentist to your best friend.   The reality of it though, is you need to trust what your REALTOR® says.  After all, you hired her/him for her/his experience and knowledge of the market.  She/he researched the properties sold, the current competition, and understands what the market is doing.   Your REALTOR® is your best source of information regarding the sale of your house or land.  While it is nice to think that your house is worth more money because your neighbor says so, it is market conditions that really set the value.   Family and friends may have good intentions, but they usually don’t have the professional experience to support their opinions.

Give me a call if you would like to work with a REALTOR® that you could trust to give you the best real estate advice available.  603-526-4116; donna@donnaforest.com.

Donna Forest, Broker Associate

Is the Housing Market Finally Turning Around?

Read a recent housing report by Kiplinger. . .click here

5 Home Buying Myths

According to a recent survey by Zillow, the savvy home buyer still has some confusion about the home buying process.  Read on.

 

When Is Your House Not Your Home?

For most people, selling their home is an emotional experience.  Many memories are tied up in a house.  As your house goes on the market, you need to bear in mind an important thing – your home has just become a commodity.  It’s property.  Real estate.  Your goal is to have other buyers see it as their potential home.  As difficult as it sounds, failure to make this emotional disconnect can cost you buyers.  Part of preparing a house for sale is to de-personalize it.  Remove family photos, trophies, knick-knacks, etc.  This allows buyers to visualize themselves in the space without being distracted.  A house with personality is great – just try to keep the “person” out of it.

For more selling tips, visit my website www.DonnaForest.com.

Lots of Room in this Antique Colonial in Springfield, NH

Charming 3+ bedroom, 2 bath home with formal dining room and large family room.  Attached barn, beautiful mature gardens and fenced-in area for children or pets.  Many updates including electric and plumbing.  Come take a look!

Sara Ellis, Listing Agent