Jeffrey Harrington's Blog
When you’re getting ready to sell your home, there’s probably a lot of things going through your mind. You’ll want to get the most return on your investment. You hope to sell in a timely manner. You are probably also busy making plans for where you’re moving next. Below, you’ll find some things to think about before you even put a “For Sale” sign out front:
Research Agents’ Marketing Strategies
Most homebuyers start their home search online. If people don’t like what they see on a screen, they certainly aren’t going to waste their time going to the property in person. This means that your home is going to need pictures to help it sell. Some agents even create short videos of properties and neighborhoods to help buyers get a better feel for the area. You can work with your agent to make sure that these things are done. Be a proactive seller! You might even be able to make a video of your home on your own.
Post Your Listing On Social Media
Pretty much everyone is on social media and checks the sites frequently. Even if none of your first degree connections are searching for a home, someone may have a prospect for you who would be the perfect candidate to purchase your home. Sharing is definitely caring in this case!
Your neighbors are probably some of your social media connections as well. It’s nice for the people who live in the neighborhood to know that you’re moving so that they can “choose” a new neighbor in the event that they know someone who is looking to buy a home.
Part With Some Of Your Stuff
Buyers will be more attracted to your home if they get some benefits with it. Consider leaving some of your things behind when you’re selling a house. Any item including your washer and dryer to your plasma TV to your kitchen table can make a difference in how well your home sells.
Focus On Staging
You should stage both the interior and the exterior of your home to give a great first impression for home showings. The exterior of your home should present immaculate landscaping. If any paint touch-ups can be made quickly, you should do that as well. Show potential buyers the way that your home presents the maximum amount of enjoyment. If you’re able keep the furniture displayed inside of the home, show potential buyers your best set up. People will get a better idea of things like where the couch will go, and how their own kitchen table will fit in the dining area when the home is well staged.
Price The Home Reasonably
It’s important that you and your agent work together to know the market. Your home should be priced competitively along with others in the neighborhood. You don’t want to give the home away, but one of the worst things that you can do when selling your home is to out-price yourself. Research is key when it comes to pricing your home appropriately.
When you’re ready to buy a home, there’s an anxious excitement that’s within you, making you feel like a small child on Christmas night. One question that is probably burned in your mind throughout the home search process is, “How long is this going to take?”
If you’re a first-time home buyer, you’ll likely be using some programs through the Federal Housing Administration, also known as the FHA. With any kind of home loan, there’s many variables that can affect how long the process will take. This can be due to many factors including the seller’s circumstances and the nature of your loan.
When you’re securing a home loan backed by the FHA, you may wonder how long it’s going to take for the entire process to finish from beginning to end.
Variables That Affect The Loan Process
This is one of the variables that can fluctuate the most in the home loan process. Once you have found the home that you love, the lending process can take a few weeks beyond the point where you sign a contract. This part could entail many different steps that may become hurdles for you as a borrower. Your loan officer can also have an impact on the length of the process. Some loan people are just faster than others!
Keep in mind that you can’t close on an FHA loan until you get through the underwriting process. In the underwriting process for an FHA loan, it will be assured that you meet all of the criteria necessary for securing the loan, such as the standards that have been established by the HUD (Department Of Housing and Urban Development).
Closing On An FHA Loan
While it’s difficult to say the exact amount of time that it will take for a loan to process, there’s some things you can do ahead of time to prepare. If you apply for an FHA loan before you have even found a home, you’ll expedite the process a bit. If you have been pre-approved prior to making an offer on a home, you’ll likely be in a better position than if you haven’t yet met with a lender. This will also make the underwriting process move a bit faster for you, provided there aren’t any major red flags on your paperwork.
FHA appraisals do differ a bit from appraisals for a home with a more conventional loan. With an FHA appraisal, the appraiser must look for things in two main areas including any health and safety issues and determine the market value of the property as well. This process will most likely only take a few days. Part of the appraisal process may include the appraiser looking at similar properties in the area in order to get a bit of a comparison on the value of the property.
Can You Speed It Up?
If you have everything in order before you even decide that you’re ready to go on the house hunt, you’ll discover that the process of securing an FHA loan will be a bit smoother. Talk to a lender before you start the process so you can familiarize yourself with the requirements. Once you can present the lender with the right documents, they’ll be able to do their job with little intervention on your part.
Take inventoryBefore you head to the hardware store to start looking at color swatches, you're going to need to do some research in your own home. While you have the freedom to choose any color you want to paint your walls, it's advisable to take a look at the colors that are already in your home--not the colors on the walls, but the colors of your furniture, floors, ceilings, countertops, etc. If you have a living room furniture set that you love and a new carpet, odds are you don't plan on replacing these items just to fit the new color of your room. So, here's what to do. Take out your phone and snap some close-up photos (I mean really close up so that you can only see one color) of your sofa, chairs, and other furniture. Open up your photos and compare them next to one another. Do you notice a color trend in your furniture? If so, one of those colors could be a great place to start your palette.
Choosing a paletteThere's no need to go to the store just to get a basic idea of the colors you want for your home. If you're reading this, odds are you have all the tools you need to start making a palette. There are numerous websites devoted to creating color palettes. But today we'll talk about two specific tools that will be the most useful.
Palette makersThe first thing you'll want is to put one color into a palette maker online (Google will present you with many). This color should be the one that you want to tie the whole house together with.
Color harmoniesHave you ever head of complimentary colors? The term might make you think back to middle school art class. Complimentary colors are a type of color harmony. There are websites that allow you to enter the color of your choosing (in this case the main color you chose above) and it will give you the color harmonies for that color.
- Choosing various shades of the same color help build continuity in your home
- Putting the darkest colors in your room near the floor and the lightest near the ceiling add a natural ambience to the room
- Use bolder colors for "high energy rooms" like the kitchen, and quiet colors for lower energy rooms like the bedroom
- Buying in bulk: Some people swear by the savings they rack up by joining and doing their shopping at wholesale buying clubs. Others say it isn't worth the long lines at the checkout counter, crowded parking lots, and the fact that not everything is cheaper than at regular retail stores. Like any kind of shopping, though, it pays to compare prices and research the best deals. However, it's not unusual to save from 25% to 50% on a variety of commonly used household items, groceries, and other consumer goods.
- "Coupons" is not a four-letter word -- although some people act like it is. Clipping, printing, saving, and organizing discount coupons can be a bit of a nuisance, but when you add up the monthly savings, it's worth the inconvenience. Stores that offer double coupons and/or accept competitors' coupons can also help you chalk up extra savings. Taking advantage of advertised specials is yet another way to reduce your monthly expenses.
- Compare notes with friends and family. You can often pick up worthwhile money-saving ideas by simply asking people whose opinions you respect. Nearly everyone has discovered stores, products, websites, businesses, and strategies that have helped them save money. Sometimes the topic is also discussed on social media sites. Most people you know would be glad to pass along their money saving tips, insights, and techniques.