Jeffrey Harrington's Blog
If you plan to sell your house, you likely will want to do everything you can to maximize its value. Lucky for you, we're here to help you obtain the best offer for your house, regardless of whether you're operating in a buyer's or seller's market.
Now, let's take a look at three tips to help you get the best price for your residence.
1. Enhance Your House's Curb Appeal
Curb appeal is a difference-maker for any home seller, at any time. If you allocate time and resources to boost your house's curb appeal, you may be able to differentiate your residence from the competition. Perhaps most important, improving your home's curb appeal may help you increase the likelihood of a fast, profitable home selling experience.
To improve your house's curb appeal, you should mow the front lawn, trim the hedges and perform any necessary home exterior upgrades. Consider the homebuyer's perspective, and you're sure to find lots of ways to enhance your house's appearance.
In addition, if you need help with home exterior upgrades, there is no need to stress. Many home improvement professionals are available in cities and towns nationwide, and these professionals are happy to help you transform your home's exterior from drab to fab.
2. Determine the Current Value of Your Home
A home appraisal may prove to be exceedingly valuable, particularly for a seller who wants to establish a competitive initial asking price for his or her house.
During a home appraisal, a property expert will examine a residence both inside and out. This expert also will evaluate various housing market data. Then, the property expert will provide a property valuation based on the appraisal results.
Once you receive a property appraisal report, you'll have a good idea about the current value of your residence. You next can use a property valuation to set a competitive price for your home from day one of the house selling journey.
3. Collaborate with a Real Estate Agent
As you look for ways to earn as much money as possible from your home sale, you may want to consider working with a real estate agent. Because if you have a real estate agent at your side, you can receive plenty of support at each stage of the home selling journey.
A real estate agent understands what it takes to optimize the value of a home. First, he or she will meet with you and learn about your house selling goals. A real estate agent then will help you determine the ideal initial asking price for your residence and promote your house to potential buyers. And if you receive an offer to purchase, a real estate agent will provide a recommendation about how to proceed.
Want to achieve the best-possible results during the home selling journey? Use the aforementioned tips, and you can move one step closer to maximizing the value of your house.
Some communities also offer bike paths, walking trails, and town swimming pools, all of which can provide an endless source of recreation for you and your family.
Like any desirable feature of a neighborhood or community, some parks are better than others. While access to a nice park may not be uppermost in your mind when house hunting, here are some solid reasons for including it on your wish list:
- Exercise benefits: Many of the larger parks offer extensive walking trails, public tennis courts, and paddle boat rentals. Parks can also provide space for jogging, roller blading, bicycling, and Frisbee tossing. For families with younger children, a nearby playground can be a priceless resource for keeping the kids physically active and entertained. It can also be a convenient location for play dates, birthday parties, and picnics.
- Stress relief: Whether it's related to work, finances, or family issues, just about everyone experiences stress at one time or another. Having easy access to a peaceful place to walk, read a book, or fly a kite with the kids can provide a welcome distraction to the trials and tribulations of everyday life. When you need a change of scenery or a chance to commune with nature, a short jaunt to your neighborhood park can provide the ideal environment for relaxing and unwinding.
- Convenient meeting location: If you're considering hosting a family picnic, but your yard won't accommodate everyone on your guest list, reserving a pavilion at a local park can be the perfect solution. Public parks can also be conducive to volleyball matches, badminton tournaments, and football games. A park can often be a nice setting for events like family reunions, club meetings, and graduation parties.
- Easy access to special events: Most parks offer special events to local residents, ranging from free concerts to farmers' markets. Living just a short walk from a festival site, music event, or theatrical performance can enhance your enjoyment of a chosen neighborhood. Whether you're a fan of Shakespeare in the Park or flower shows and food festivals, living near a public park can provide you and your family with fun cultural events and weekend entertainment.
As the workforce changes and a growing number of companies seek out contractors and freelancers, many Americans find themselves in a gray area when it comes to their income. They may put in full-time hours, but on their taxes they work for themselves.
Mortgage lenders are cautious about who they lend to. They want to make sure you are a low-risk investment who has reliable, predictable income to ensure that they’ll earn money off of your loan.
This can sometimes make it difficult for freelancers, contract workers, or the self-employed. Not only might your taxes be unconventional, but your income could vary depending on the time of the year and the amount of business you receive.
It’s easy to see why many people would be anxious about applying for a mortgage under these circumstances. However, if you’re self-employed, there’s no need to worry. You can still get approved for a mortgage at a fair interest rate--you just need to do a bit of work to provide the right documents to your lender.
In this article, we’ll show you what documents and proof of income you’ll likely need and how to present it to a lender to make the process run as smoothly as possible to get you approved for your mortgage. Here’s what you need to do.
Organize your records
Before applying for a mortgage, it’s a good idea to take a look at your record-keeping process. As a self-employed worker, you’re probably already used to tracking your own income. However, this will help the lender analyze your income easier and move the process along more quickly.
Having a master spreadsheet of your dated invoices, paid amounts, and the names of your clients is a good place to start. You’ll also want detailed, easy to read information for your previous employers, landlords, references, and any other information you think will be pertinent.
Next, gather your tax documents for the last three to five years. As a self-employed worker, you likely file a Schedule C (Form 1040) and a Schedule SE. Make sure you have copies of these forms.
Dealing with deductions
Many self-employed workers write off business expenses in their tax returns. Travel expenses, internet, and other costs associated with doing business are all ways to save by reducing your taxable income. Doing so can save you money, but it can also reduce your net income which is what lenders will see when you provide them with your information.
If you’re hoping to get approved for a bigger loan, one solution is to plan your taxes in the year prior to applying for a mortgage. Make fewer deductions than you normally would to increase your net income.
Be ready to clarify
When a mortgage lender is reviewing your information, make sure you are open and available to provide any information that can be helpful to them in considering your application. Being prompt and accurate with your responses will signal to your lender that you are willing to work with them.
If you’re trying to sell your home, you probably have thought of everything from staging to pricing to when the best time for your realtor to hold an open house is. What you may not have considered is the exterior color of your home. Yes, both colors inside and outside of your home can attract or detract buyers from your home.
Although it could seem silly for you to invest in a brand new exterior paint color right before you sell your home, it could result in some big returns when you head to sell the property. Below, you’ll find some of the best exterior paint colors for your home and why these colors are great in attracting buyers.
Colors That Blend In With The Natural Surroundings
This principle for color is fantastic. You have a wide range of choices in everything from a putty to a stone to shades of green. These colors all can blend in with the natural environment around your home. Depending upon what surrounds your home, the colors that you choose can vary widely. Do you have a home out in the woods? Choose a sharp shade of green or a bold shade of brown or tan. Everything from the type of foundation you have to the outer accents of the home should be considered when choosing these exterior paint colors.
Think Of The Type And Color Of The Trim You Want
If you really want white trim along the edges of your home, you should pair up that color with the base color of your home. For example, if you’re looking for a white trim, choose colors that will look good with that tone like shades of blue and gray. Remember that buyers will be attracted to complimenting colors.
Neutral Is Best
When you really can’t make up your mind when choosing an exterior paint color, always go with something neutral. This is the best way to play it safe when you’re putting your home up for sale and making changes. Buyers can always envision themselves living in a neutral colored home. It may be a bit more difficult to match the personalities of buyers with eccentric color choices.
Examples Of Attractive Exterior Paint Colors
- Light Blue
- Deep Blue
- Forest Green
- Bright Red
While no magic combination of colors is guaranteed to make your home sell fast, you’ll have a better chance of selling if the home appears pleasant from the outside in. Putting a fresh coat of paint on your home can really bring about more curb appeal, attracting buyers, possibly giving the property a bit more value. Don’t hesitate to invest a little money in your home before you sell to get the maximum return on the sale.
Are you planning on buying a home by a certain date? It’s unfortunate that life can’t go as we plan it all the time! With a bit of planning finding the right home at the right time is possible. Many times, families are looking to buy a home before the end of the summer. This allows them to get settled in and get the kids started in a new school before the start of the year in September. Just because there are more popular times throughout the year to move doesn’t mean that the inventory of homes changes much as to what’s on the market. Whatever the reason for the short supply of homes, you’ll need to be informed and creative in order to land a house in a high demand market when it’s crunch time. Below, you’ll find some tips to help you on your search.
Research Your Location Ahead Of Time
Every housing market has a bit of a down time. You want to pinpoint that period. Does your location have a time of year where people flee the area for vacations? The holiday season can also be a great time to look. There may still be low supply, but there also will be less competition. Do a bit of research in order to find pricing trends. When the prices dip, you’ll know that’s a time where competition for homes is lower.
Always Have Your Finances In Order
When you’re buying a home, no matter what time of year it is, you need to have your lender on call. Make sure that you have been preapproved and that your downpayment money is at your disposal. Sellers like serious buyers who are ready to pass paperwork.
Know What You’re Willing To Compromise On
When you’re buying a home on a timeline, you may not have the luxury of searching around endlessly to meet your wishlist. You should have a few musts, but there may be many things that you’ll need to work with or compromise on in finding the right property. You may be able to find a home in the right neighborhood, but it might not have the granite countertops that you’re looking for. When time is of the essence, your home search priorities need to be set straight.
Don’t Look For Bargains
When you’re in a time crunch to land a home, you don’t want to fool around with price. In order to land a home that you love, you might have to offer a bit more than the asking price. There’s no space for a bidding war, a low offer, or an extended search when you need to buy a home fast.