Donna Coakley McGowan's Blog
When you’re showing your home, you need to stage the home properly to impress buyers. Buyers need to be able to get an idea of what it would be like to live in the home. No matter what your own lifestyle is, or what problems you have had in the home, there are certain things that you probably don’t want to share with anyone who could be a potential buyer on a walk through.
Any Kind Of Taxidermy
Although you may enjoy hunting and taxidermy, there are few things that creep out potential buyers more than seeing animals that were formerly alive hanging on your wall. It’s been shown that taxidermy often gives buyers a sense of dread and can creep them out. Yes, that bear rug may be comfy and quite the accomplishment, but not everyone will share the same sentiment as you. Be sure to get all of these animal displays out of your home when you’re getting ready to sell it and show the property.
Personal Collections That May Be A Bit On The Strange Side
It’s really cool if you want to collect dolls, clowns, or have some kind of a celebrity shrine in your home. It’s cool for you, that is. Keep these items to yourself, especially when the home is going to be shown. Any room that could be considered too full of any one kind of item should be redecorated slightly before a home showing.
Weapons are on the same spectrum as taxidermy. Many people may have differing opinions with you on the subject and it could creep some buyers out. If you have any kinds of guns or knives displayed in your home, you should put them away for showings. These items can make buyers feel very uncomfortable and leave them turned off by your home.
If you like to get political, know that many people who are potentially going to buy your home probably don’t share your views or interests. Keep any politically charged signs and organizational symbols out of view for the showing of your home. Buyers may not be able to relate, and in turn, end up being turned off by your home.
Bug Traps Or Mouse Traps
We all have experienced bugs or mice in our homes at one time or another. When the house goes up for sale, you don’t want to advertise this by keeping any kinds of traps in view of buyers. People will get creeped out easily by the thought that pests have infested the home at some point. Although the home inspection will probably note that there was some type of a pest problem in the home, you don’t want to lose potential buyers because a mouse trap was in view.
Your credit score is a 3 digit number that can have a huge impact on many things that you hope to accomplish in your life. One of the biggest reasons that you need a good credit score is for buying a home. As many people rely on credit cards to fund their expenses, they consequently end up in debt. This doesn’t have a favorable impact on credit scores. Yet, it’s so important to maintain good credit.
Why The Score Is Important
A credit score is one of the most crucial factors in determining if you can qualify for a mortgage. It is an overall gauge for lenders to understand how financially responsible you are. The higher your credit score, the less risk you carry in the eyes of lenders.
What Affects A Credit Score?
Your credit score is calculated based on information that is found on your credit report. There are five different things that affect your credit score, each with a slightly different impact:
- Payment history
- Debt-to-credit utilization
- Length of credit history
- Credit mix
- New credit
What’s A Good Score?
Absolutely flawless credit is 850. Don’t worry if you’re not in that category. Only about 1/2 of one percent of consumers actually have a score this high. Once your score reaches 740 and above, you’re able to qualify for the best in mortgage rates. Even if your score is in the low 700’s, you still should be able to qualify for a good interest rate. For a conventional loan, many lenders look for a credit score of 620 and above. Being in the high 600s will help you to avoid the need for additional paperwork. You’ll also get a decent interest rate with this score.
What If You Don’t Have Credit History?
Ideally, you would have opened some type of a credit card by the time you reached the age of 20. This would help to establish credit. If you don’t have any type of credit history, there’s still a few ways that you can qualify for a mortgage. In these cases, lenders will often use alternative sources in order to determine the reliability of a party they’re lending to. Your car payment history doesn’t show up on your credit report, but a good track record helps lenders to see that you’re dependable and a responsible credit user.
What About Bad Credit?
From missed payments to errors on your credit report, there could always be some problems with a credit score. The good news is that bad credit can be fixed. There are even loan programs designed to help people with less than perfect credit scores. Generally FHA (Federal Housing Administration) loans and VA loans allow for low down payments and have lenient credit score requirement.
Fixing Your Credit Score Is Fixing Your Habits
In order to repair your credit score, you’re going to need to fix the bad financial habits that got you into the situation in the first place. This means making on-time payments, spending less, and avoiding opening up any new accounts. Pay down your existing debt and try to make a fresh start form there. Also, be sure that you obtain a free copy of your credit report each year to keep on top of any errors that might be present on the report.
If you want to sell a house in a buyer's market, it pays to allocate the necessary time and resources to differentiate your home listing from others. Because if you create an informative and engaging home listing, you should have no trouble stirring up interest in your residence, even in a buyer's market.
Now, let's take a look at three tips to help you differentiate your home listing in a buyer's market.
1. Consider the Buyer's Perspective
In a buyer's market, a homebuyer has no shortage of high-quality residences at his or her disposal. As such, you'll want to consider how a buyer may approach your residence and tailor your house listing accordingly.
Think about what led you to purchase your residence in the first place. Then, you can create a home listing that highlights your house's distinct features.
For example, if your home boasts a large, luxurious in-ground swimming pool, you may want to include details about it in your home listing. Or, if your house is located just minutes from many popular attractions, you may want to incorporate this information into your house listing.
2. Be Honest with Buyers
Your goal as a home seller is to craft a house listing that showcases your residence's features. At the same time, you'll want to be honest with buyers to help them make an informed decision about whether to pursue your home.
A detailed home listing that includes accurate information about your house is paramount. Because if your listing is misleading or inaccurate, it may cause problems down the line.
Remember, any problems with a house likely will be identified during a home inspection, a key step in the homebuying process. And if you try to hide these issues, it may slow down or stop a home sale from happening. Conversely, if you are honest with buyers from the beginning, you can make it easy for them to determine whether your residence is the right choice.
3. Consult with a Real Estate Agent
A buyer's market can be tough to navigate, regardless of where you live. Luckily, real estate agents are available to assist sellers in any buyer's market, at any time.
With a real estate agent at your side, you can craft a home listing that hits the mark with the right groups of homebuyers. In fact, a real estate agent will guide you along the home selling journey and help you identify and address any hurdles along the way.
Typically, a real estate agent will learn about your home selling goals. This housing market professional then can help you put together an in-depth home listing that highlights the key features of your house. Perhaps best of all, a real estate agent will share this home listing with dozens of buyers, thereby increasing the likelihood of a quick, profitable home sale.
Ready to list your house in a buyer's market? Use the aforementioned tips, and you can create a top-notch home listing that helps your residence stand out from the competition.
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.