Owning a home and making mortgage payments is like putting money in the bank. Barring a market reversal, that nest egg of equity in your home will grow and grow. And for most homeowners, their house is their largest asset—which means there’s a lot of money at stake when it comes time to sell.
Want to get as much money back as possible from this big-ticket investment? Of course you do! So avoid doing these nine things when you put your home on the market.
Lure potential buyers with a simple and clean palette. Shades of white and off-white are the top colors for a quick home sale, Jody Finglas of Finglas Painting in Ossining, N.Y., told USA Today.
“White is the foundation that anchors the home,” adds Friley Saucier, a broker-associate with Sotheby’s International Realty in Naples, Fla. “This is absolutely what is most requested when I’m working with home buyers.”
Finglas says less is more. “We’re seeing a lot of requests for lighter, brighter colors,” he notes.
When working with a white backdrop, the trick is to add in color through the furnishings and accessories, Finglas says. He says selecting the right shade of white paint isn’t easy. “A white kitchen can mean 40 different colors,” Finglas says.
Homeowners should still bring home paint swatches, says Dwayne Bergmann of Dwayne Bergmann Interiors in Fort Myers, Fla.
“Whites can have a more blueish hue or more of a brown or even pinkish hue depending on the exact lighting,” Bergmann says. “Even a pure white is going to look different.”
Source: and USA Today
Buying a home—especially if it’s your first—can be a lot like losing weight in the sense that people end up doing, well, some pretty dumb stuff in the process. But while desperate dieters might waste money on “magical” weight-loss pills or silly exercise equipment, misguided home buyers could be doing far more serious damage—like undermining their ability to purchase a house at all. Don’t be one of them! Realtor.com asked real estate agents to shed light on some of the dumbest reasons people can’t buy a home. The good news? These flubs are easily avoidable. Read on and beware…
Looking for some home improvement inspiration? Here are a few suggestions for projects that won’t break the bank or steal more than a weekend or two.
- Make an entrance
The entrance to your home is a focal point and a few simple changes can leverage its impact. Sand and repaint your front door or invest in a brand new one. Add some bling with new address numbers, knobs, doorbells or knockers. Frame the door with planters to help complete the picture.
- Class up your cabinets
You don’t need to buy new cabinets to give your kitchen a new look. Add a fresh coat of paint, or try out new cabinet hardware (buy knobs and pulls that are the same size as the ones you have to save installation time) for details that give the upgrade an added level of elegance.
- Make a splash
You don’t need to be a pro to install a new kitchen backsplash. Many home stores offer quick classes, or you can cruise YouTube for “how-to” videos. Customize your kitchen with ceiling tiles, glass or ceramic tiles, wood or stainless steel.
- Crown yourself
Crown molding around your walls is a simple addition that can add a ton of character. If you don’t have woodworking tools, don’t panic. Home improvement stores can cut strips of molding to your measurements.
- Look to the little things
You’ll be surprised at how much of a difference swapping out old switch plates, outlet covers and doorknobs can make.
Do your ambitions extend beyond a few small projects? Maybe you’d like to tackle an entire fixer-upper? Or perhaps you know of someone else who would? I’ll be happy to help; contact me today!
First Half of 2017 Ends with Record Sales, Prices
Halfway through 2017, the U.S. housing market is on pace for another record year as four of the last six months have topped same month sales from 2016, according to the July 2017 RE/MAX National Housing Report. June home sales were 1.4% higher than June 2016, which was previously the month with the most home sales in the nine-year history of the report.
The combination of increased sales and a record low inventory that slipped further to 2.8 months resulted in higher sales prices. June’s median sales price of $245,000, up 7.5% over last June, also set a RE/MAX National Housing report record. In fact, prices increased in 50 of the report’s 53 markets.
The average number of Days on Market dropped to a report-record low of 47, while inventory dropped year-over-year in 87% of the markets.
Other notable numbers:
- Thirty of the 53 metro areas experienced an increase in transactions.
- The June 2017 Median Sales Price of $245,000 was the highest in the history of the report.
- Decreasing 15.2% from June 2016, inventory continued to decline year-over-year. This is the 104th consecutive month of year-over-year declines dating back to October 2008.
- The June 2017 average Days on Market was 47, the lowest Days on Market in the history of the report.
Read the full article in RE/MAX’s newsroom…
Watch the 40 second summary video on YouTube…
Listed and Sold Over List Price
in Less Than 24 Hours!
4 bedrooms; Bonus Room; 2.5 bathrooms; 2,376 square feet
Better than new with many upgrades! Completely open floor plan with high ceilings, lots of windows & engineered hardwood floors throughout main level. Kitchen includes granite counters, stainless appliances & gas range. This beautiful home also features AC, storm doors, fully fenced yard, large deck, sod, front/back sprinklers and a shed. Enjoy picnics in the park behind the house + 3 more parks with playgrounds & sports in Ridgeview Estates. Bonus room & bedroom have clear views of Mt Rainier.
Sold 8/3/17 for $337,000