Showing posts with label -Selling a Home. Show all posts
Showing posts with label -Selling a Home. Show all posts

Monday, March 31, 2025

How to Sell Your Home Fast in 6 Easy Steps

 How to Sell Your Home Fast in 6 Easy Steps

(Some excerpts derived from Homes.com and NAR)

Step 1: Price Your Home Accurately

Pricing your home correctly is the most important step to get your home off the market and sold fast. 

People tend to overprice their homes in the beginning because of sentiment, or they’ve made a few costly repairs, but an overpriced home will stay on the market much longer or possibly not sell at all.

Here are a few key strategies to keep you from underpricing or overpricing your home:

  • Know your home’s value: Consult with your real estate agent: Your agent can review homes in the multiple listing service and perform a comparative market analysis to help you set the best price.
  • Get an appraisal before you list: Only 26% of buyers nationally are cash buyers.  If a buyer plans to finance, their lender will require an appraisal before issuing a loan. A pre-listing appraisal can help ensure that your sale will not be delayed due to an appraisal gap, where the house is valued at less than the agreed-upon sale price.  You will most likely re-negotiate the contract or your buyer will walk away form the transaction if this happens.
Step 2: Maximize Your Home’s Curb Appeal

First impressions matter. 95% of buyer's home searches start online before consulting a Realtor, so your home needs to stand out. Sprucing up the exterior and adding color is one way to do accomplish thisAccording to a National Association of Realtors (NAR) report, 92% of real estate agents recommend improving curb appeal before listing a home. 

Sellers can expect to fully recover the cost of certain outdoor remodeling projects when it’s time to sell. NAR reports that maintaining or upgrading your landscaping can deliver a 100% return on investment, while a standard lawn care service can deliver a 217% cost recovery when it’s time to sell.  If you want to boost your home’s curb appeal, here are some low-cost improvements that can make a big impact:

  • Planting flowers, shaping hedges and adding fresh mulch.
  • Repainting the front door.
  • Replacing outdated fixtures such as the mailbox or house number.
  • Power washing paved surfaces and your home’s exterior. 

Step 3: Stage Your Home to Attract Buyers

Staging your home helps maximize appeal by highlighting the best features of your floor plan and minimizing potential flaws. This allows potential buyers to visualize themselves in the space. 

If a house is a bit more cluttered or tired looking, staging makes a huge difference. Potential buyers will be able to envision a cleaner look.  According to NAR, 81% of buyer’s agents in 2023 said staging helped buyers picture themselves living in a new home. Whether you go the DIY route or hire professionals, here are some basics to create that ‘WOW’ factor:

  • Declutter: 96% of Realtors recommend decluttering your home during the staging process. Remove excess furniture, exercise equipment, children’s toys and pet crates. Organize your closets to highlight the available storage.  
  • Deep clean: 88% of agents recommend cleaning the whole home. Have the carpets, floors, baseboards, bathrooms and appliances cleaned.
  • Repair: 72% of agents recommend small repairs. Make small upgrades to the bathrooms and kitchen, replace doorknobs and light fixtures and repair wall cracks.
  • Depersonalize: 65% of agents stress the importance of depersonalizing your space. Clear out family photos and mementos. Decorate with neutral colors like white or beige linen.
  • Paint: Among the agents surveyed, 58% recommend paint touch-ups, and 57% suggest repainting interior walls. Touch up the paint throughout so that your walls look their best. If you’ve chosen bold colors for certain rooms, consider repainting them in a light, neutral tone.

Step 4: Market Your Home for a Quick Sale 

An effective marketing strategy creates a sense of urgency, increases visibility and attracts more offers – all of which can lead to a faster home sale. 

Peak buying season is April through June, so listing during that time frame can help you realize the quickest home sale. Still, there are three key ways that you can promote your home, regardless of when you decide to sell. 

  • Open houses: Host open houses so prospective buyers can view your home in person. Turn lights on in every room, display fresh cut flowers or a bowl of fresh fruit, a scented candle or essential oil infuser, Fresh baked goods - appealing to all of the senses and make it inviting.
  • Online platforms: Maximize your exposure by helping your Realtor share your listing on social media sites and with local neighborhood groups.
  • Neighborhood/local channels: Community bulletin boards and newsletters are a free, effective way to increase exposure. 
  • Step 5: Be Flexible with Showings

    A well-marketed home generates interest, but allowing buyers to experience the space in person can seal the deal. Since buyers want to see homes on their schedules, being flexible with showings can increase your chances of selling quickly. Have as much access as possible.

    Provide availability on evenings and weekends, and do your best to make your home available on short notice for potential buyers. Keep your home show-ready at all times.

Step 6: Respond Quickly to Offers 

Swift and clear communication can be the difference between closing the deal and a potential buyer losing interest. Quick responses, even to lower offers, can speed up the process and show a willingness to work with buyers. Be as open to negotiation and flexible with closing dates as possible to keep the process moving toward a quick sale. 

Finally, on Selling a Fast Home Sale

Selling your home fast comes down to putting your best foot forward when you take steps to price, prepare and market your property. Working with an experienced real estate agent such as JoAnn Young is also key to navigating the process. With these tips, you can maximize the odds for a swift and successful sale. 

Contact JoAnn Young to list & sell your home!

321-243-4917

JoAnn@MyFLDreamHome.com



Wednesday, March 13, 2024

Colors to avoid when selling a home

COLORS TO AVOID WHEN SELLING A HOME - From the National Association of Realtors 

                                                                          👇

https://www.nar.realtor/blogs/styled-staged-sold/colors-to-avoid-when-selling-a-home?lrh=00e18e5a2307f5b331c68171fad735ce57436822f296a5198e15037c1c42220b&nwsltr=navnar








Thursday, October 27, 2022

5 Ways To Sell your House for More Money

Article credit: Realtor.com 

5 Ways To Sell Your Home for More Money (Without Spending Big Bucks)

 By Kathleen Willcox

Aug 31, 2022Envelope

Real estate over the last two and a half years can really be summed up by one phrase: Epic seller’s market. We’ve seen countless people list their homes and receive multiple offers over asking—all while doing the bare minimum to fix up or market their property. Home sellers, we have to be honest here: you’ve had it made in the shade.

And while the current real estate market still technically favors sellers, experts see a balance on the horizon that’ll put buyers and sellers on more even ground. The result? Home sellers can no longer bank on getting a bunch of offers over asking.

So if you’re about to list your house and want to maximize your profits (who doesn’t?!) there are plenty of strategies you and your real estate agent can employ. Here’s how to get a higher price for your home—without spending a penny more than you initially planned for.

1. Price your home competitively

Few people are going to want to buy your house if the price per square foot is more than 10% higher than similar homes for sale in your neighborhood.

“You should base your home’s listing price on recent sales of comparable homes,” says Marty Ford, the president of BulletRoof Systems in Raleigh, NC. “If you overprice your home, you may miss out on potential buyers who are window shopping in your price range.”

Want to sell faster? You might also want to consider setting a price that’s lower than comparable homes.

“Many real estate brokers advise pricing the property slightly under market value,” says Tiffany Payne, chief marketing officer for a New York home repair company, iFlooded Restoration. “This can make active purchasers who are familiar with the market feel pressured to make a bid, and the likelihood of receiving multiple bids rises.”

2. Price your home strategically

It’s an old retail sales trick, but studies show that prices ending 9, 99, or 95 make things seem less expensive.

“Using a slightly lower price point—like $499,999—may create a sense of urgency and generate more interest in your home,” Ford says.

00:00
02:06
 

Selling your home?

3. Market smart online

Are you putting your best foot forward online?

“The majority of purchasers will first view the home online before visiting it in person,” says Payne. “Buyers will assess whether your house is deserving of an in-person viewing with only a few mouse clicks.”

That’s why it’s important to only post top-notch, high-resolution videos and images online. Spend some money for professional photography to show off the house in the best possible ways—cellphone pictures generally look like casual (and poorly lit) snapshots.

4. Think like a buyer

Spend some extra time on the property details of your online listing. You want to spotlight the best parts of your home so you can attract a broad swath of buyers.

“You can get a lot of value from including key selling points in your listing, even if they’re not relevant to you,” says Martin Orefice, CEO of Rent To Own Labs in Orlando, FL. “A home that is close to a school, public transportation, park, or a major employer can be much more valuable. Likewise, make a point to mention if your home is pet-friendly because of a fenced-in backyard, or conducive to aging in place because it’s a single-story structure.”

5. Clear out clutter, closets, and personal touches

You’ve heard this before, but we can’t emphasize it enough: Minimize your presence in the home as much as possible so buyers can imagine themselves in the space when they tour it.

“It can be hard for new buyers to see themselves in a home if the space is overly personalized or full,” says Kristen Reyes, an interior designer and the CEO of Sey Interiors in Dallas.

Pack away bulky, personal, or unnecessary items. And focus on clearing out closets, she recommends—because buyers are sure to zero in on them.

“A great rule of thumb is to clear 75% of the items out of the closet,” Reyes says. This will show the utility of the closets while showing buyers how much space is in there.

“Depersonalize your home,” says Dennis Shirshikov, strategist at Awning.com, a real estate investment company based in California. “Take photos of your family down; put away all the personal decorations you think look so great. Buyers don’t want to feel like they are buying someone else’s home. Leave the bare minimum in terms of furniture to help them understand the space—but that’s it.”


Read the Article Online

https://www.realtor.com/advice/sell/how-to-sell-for-more-money-over-asking-price/?identityID=6197485&MID=2022_0920_NL_Multi_Article&RID=4271428462&cid=eml_promo_Marketing_PRSL_MultiArticleNL_cons.15717302_2022_0920_NL_Multi_Article-article1-blogs_sell

Tuesday, August 1, 2017

Easy Updates to help your home sell

I'm grabbing this article from Zillow today.


Something as simple as fixing a squeaky drawer or
taking down seasonal decorations....Read on!
Easy Updates To Help Your Home Sell

JoAnn Young - Realtor, Young & Young Properties
321-243-4917

Monday, March 6, 2017

How to Price Your Home





Most homeowners are emotional attached to our homes and settling on the right price to sell it is not always an easy task.  Setting the “right” price to attract buyers, while maximizing your profits, is both an art and a science.


THE SCIENCE of home pricing begins by gathering details about the property – Lot size and zoning, year the home was built, square footage, number of rooms, mechanical equipment, appliances, flooring, features, condition and other factual information.

The competition and nearby properties of similar age, construction, size, condition and features that recently sold and settled also come into play. These properties are often referred to as comparables.

THE ART of home pricing involves an analysis of those details gathered to determine exactly how your property relates to the competition and the market.

An objective and outspoken viewpoint regarding property condition is essential so that you can make changes to your property before putting it on the market - changes that will maximize your property value.

Some points to consider when setting your price:

1. Price it to sell - Everyone wants to sell their home quickly, but to achieve this in today's market, you must price your home accurately. A home should be priced based on a recent market analysis on homes that have sold in your neighborhood. Comparable sales should never be older than six months and you should always give the most weight to homes that have actually sold more recently. Don't try to "test the market" with a higher price, which will simply increase your time on market. Be honest and analytical in your approach, and don't set your price based on the proceeds you would like to receive at the end of the process.

2. Don't price your home based upon the highest quote from a Realtor you interviewed. Often they are just trying to get a listing

3. Price your home based on comps that are within 90 days old – In this market, Appraisers are using the same guidelines.

4. Don't price your home based upon "Active" listings in the area - this is what seller's would like to get for their home, not what they sold for.

5. If your home is on the market for 30 days and you’ve had no showings, offer incentives, such as: "will contribute 3% towards closing costs" to help with less cash to close.

6. Be willing to change the price - If you have no showing your property or if you have had no offers after a long time on the market, you need to lower your price. Price is the single largest motivator to change the behavior of buyers, and no amount of advertising or open houses will be as effective as a lower price. Make your price decrease a substantial, meaningful amount and be sure to give them time to take hold in the market (4-6 weeks, typically).

Common Seller Arguments:
Sellers sometimes have unrealistic ideas about what their homes are worth in today's market. Here are a few common seller arguments and our response as to why they're not always valid.

The house across the street just sold for... There are many reasons this argument is most often inaccurate. Just because homes are in the same neighborhood doesn't mean they have the same market value. Many factors come into play, such as square footage, house style, updates, and amenities the house has to offer.

My "Zestimate" on Zillow says my house is worth... Zillow may have access to public tax records about a home, but all they base their estimates on is the basics, such as square footage and number of beds and baths unless a homeowner manually changes the information. There's much more to a home than its shell. Zillow doesn't know anything about updates or square footage not mentioned in tax records.

But I spent more than that on the updates! Unfortunately, what you put into your home isn't automatically what you're going to get out of it. People make updates based on their own personal preferences, and they enjoy them while "they" are living in their home. That's the way it should be. Updates make a home much more saleable, but they don't always amount to a dollar-for-dollar gain.

The best way to find out how much your home is worth is to speak with a professional who's experienced in making sense of all your market data.

The art of pricing can be compared to tuning a violin – a small adjustment up or down will make a difference! Set your price too high and your home may languish on the market; too low and you may get thousands less than your property is worth. While there are no guarantees, the odds of pricing your home “right” improve when you work with an experienced real estate agent.
I'd be happy to help.  
JoAnn Young, Florida Real Estate Agent
Young & Young Properties
321-243-4917
JoAnn@MyFLDreamHome.com

Tuesday, September 8, 2015

How to Sell A Home with Pets

68% of homes in the United States have at least one pet.  We love our animals but does everyone

coming through your home?  Selling a home with a pet is not always an easy process.  Besides the fact of the animal residing in the house for some lookers, pet odors can also be an issue. Buyers use all five senses when looking at homes and smell can be one of the top factors in choosing which they wish to buy.  If a home is free of pet odor, it generally makes one think it is clean.  Many times when showing properties, one cannot even tell if a pet is in the home.  Other times, it is an issue.  Pet hair, strong odor and waste on the lawn is a dead give-away.  In some cases it can even decrease the value of a home.
Another issue with pets is allergies.  Some buyers have asked me not to show them homes where there are cats as they have strong allergies.

The following are some tips for preparing your home to show where fur babies abide:
1.  Pets should not be present in the home when showings are taking place.  It is always best to remove the pet from the property for appointments or confine to a crate.  I have had sellers take their pet for a ride in the car or a walk around the block while the property is being shown.  The sellers of a home I recently showed took their dogs to doggy day care while the house was being shown due to their work schedules.

2. Safety is also a concern.  You many think your pet is harmless, but there are incidents of liability when accidents occur.

3. If you have cats or dogs, you may need to have your carpets and / or rugs professionally cleaned.

4. Blinds, curtains and any fabric should be washed and free of pet odor and hair.   Clean and disinfect all the surfaces of your home including air conditioning / heating vents and filters.  I keep a small container of Odor Ban just inside my AC intake.  This is a great product for eliminating any odors in your home.  You can fill a small spray bottle to keep handy before showings to spruce up.  If you cannot tell if there is pet odor in your home, ask a friend or neighbor to drop by and give you an opinion.

5.  Keep litter boxes and pet bedding clean and out of sight. Clean up any pet waste in the house and in the yard.
   
6.  If your pet has destroyed baseboards, molding, doors, drywall or flooring, be sure to replace and restore before placing your home on the market.

Keeping your home odor free and clean will be the greatest task when owning a pet.  Follow these simple steps and you will be moving in no time!
- JoAnn Young, Florida Realtor 321-243-4917

Sunday, July 19, 2015

Tips For Sprucing Up Your Home To Sell

Clean, Clean, Clean
Step back for a moment and look at your home as if you were seeing it for the first time. Every room should be spotlessly clean. Steam clean the carpets and clean the wood floors or tile. Wash the walls, windows and clean all the light fixtures in your home. Clean the dust off of the ceiling fans and polish the chrome. Clean all the woodwork. Dust your picture frames. Vacuum all of the cobwebs around the top of your cabinets, at the top of your vaulted ceiling, and any of those other hard to reach places. Clean your oven, refrigerator, and the microwave. ) Put those scrubbing bubbles to work in the bathroom. Clean behind the toilet. Make the beds every morning. You never know when you might get a showing. Do the dishes as needed. Clean them as you use them. Make sure your vents, window sills, walls, artwork all sparkle. Make sure everything in your home is simply beyond clean. Cleaning makes your house easy for buyers to explore and gives the impression that it has been well cared for. Be sure every room smells as good as it looks. Make your house look like new!

Repair
If there is anything in the house that is in need of repair, now is the time to put those handyman skills of yours to work. Everything from the loose cabinet handle to the leaky faucet needs to be addressed. Repairs, both large and small, eliminate buyers' objections before they arise. If you think something is too much trouble to fix, chances are that buyers will, too. Buyers tend to think that repairs will cost more than they actually do. They may not realize that a dripping faucet may be easily corrected with a part that costs less than a dollar. Replace the carpet if it's worn. Your house will shine with new carpets. If your carpets aren't that old and are in decent shape you can just have them shampooed. If they are torn or tattered, get them replaced. You will recoup the cost of flooring in your main living spaces 99% of the time. Just remember that potential buyers will find these little defects and judge how you maintain a home by them. Nail down creaking boards and stair treads. Lubricate any sticking or squeaking doors. Be sure that sliding doors operate smoothly and knobs on drawers are secure. Re-caulk tubs and showers. A fresh coat of paint can do wonders to the look and feel of a home. A home with too much "personality" is harder to sell. Things to consider when picking out your paint colors: Lighter colors tend to brighten up a room and give it a larger feel. Bold colors can be very pleasing to your eye, but will they please the potential buyer? Help the buyer to visualize the home as theirs. Patch cracks and nail holes in the walls, and repaint walls in neutral colors, such as white or ivory. Neutralizing helps buyers picture their own things in your house and see themselves living there. Neutral paint, decor and carpet create a canvas for any lifestyle. Eliminating distracting colors and accessories lets buyers concentrate on important factors such as the room size and function.

Light and Bright
Do everything you can to brighten the interior. Open the curtains or blinds during the day to maximize the natural light. Use bright light bulbs in the foyer and throughout the house. Add lamps and lighting if the house is dark. Turn on the lights at night to create a welcoming environment for prospective buyers. Always maintain a comfortable temperature inside the house, even if you are away for an extended period of time.

Aroma
Your home should smell clean and fresh. Avoid cooking anything with a strong odor such as fish or cabbage while your house is on the market. If you are a smoker, do NOT smoke in your house. You may not smell the lingering odor of cigarettes, but non-smokers certainly will and it can be a real turn-off to a potential buyer. Fill the house with a pleasant aroma, such as berries in the summer or cinnamon in the winter. Take the time to add some fresh flowers to your foyer or entryway.

Exterior
Do the shrubs need pruning? Do you need to repaint? What's normal for you may be unacceptable to the buyer. Mow the lawn, rake leaves, trim trees and shrubs that keep light out of the house and remove dead plants. Pick up tools, garbage cans, hoses, toys, and building materials and store them neatly in a storage area. Replace broken or missing roof shingles and straighten and clean the gutters and downspouts. Clean all windows and mend torn screens. Painting your house helps improve curb appeal more than any other fix-up! If you decide against painting the entire house, consider painting the front door, window frames and shutters. Seal or resurface the driveway and repair broken steps and walkways. Paint or replace your mailbox and post. Dress up the front yard with some simple landscaping.

One thing is certain - property condition is a major factor in selling your home quickly and at the highest possible price! It is one of the few things that you DO control in your home sale.

Thursday, December 4, 2014

Space Coast Area Realtors October 2014 Housing Report

A quick recap of the Brevard County Residential Report for October 2014 compared to October 2013: (This does not include Condos and Townhomes)

**Provided by Space Coast Area Board of Realtors

  • Closed Sales are up 17.1% for October 2014 in which the number of units closed were 851 compared to 727 in October 2013, with an increase in cash sales by 16.8% compared to October 2013.
  • New Pending Sales are down -29.2% and New Listings are up 3.4%.
  • Median Sales Price for Brevard County Single Family Homes are up 19.2% to $143,000 compared to a year ago, which was $120,000. 
  • Median Days on the Market are down -10.3%, which is 35 days compared to 39 in October 2013.
  • Months Supply of Inventory is down -33.3% to 3.0 months compared to 4.5 months in October 2013. 
  • Traditional Sales are up 35.1%, with a median sales price of $161,700.
  • Foreclosure/REO Sales are down -2.9%, with a median sales price of $86,050.
  • Short Sale Closings are down -44.8%, with a median sale price of $145,000.
A quick recap of the Brevard County Townhouses/Condos Report for October 2014  compared to October 2013: (This does not include Single Family Homes)
  • Closed Sales are up 3.4% for October 2014, with a increase in cash sales of 1.4% compared to October 2013. 
  • New Pending Sales are down -26.2% and New Listings are up 5.0%.
  • The Median Sales Price for Townhouses/Condos are up 27.5% to $130,000.
  • Median Days on the Market are up 53.8.0%, which is 60 days compared to October 2013, which was 39 days.
  • Months Supply of Inventory is down -34.5%, which is 3.8 months compared to October 2013, which was 5.7 months.   
  • Traditional Sales are up 19.4%, with a median sales price of $145,000.
  • Foreclosure/REO Sales are down -32.1%, with a median sales price of $47,250.
  • Short Sale Closings are down -22.2%, with a median sale price of $165,000.

For more statistics for Brevard County Sales please visit the following link: 

Tuesday, February 28, 2012

Do You Owe More Than Your House is Worth?

Here in Brevard County, FL, many homeowners have had to sell their homes owing more than their house is worth. Some can no longer afford the payments and believe foreclosure is their only option. Other homeowners need to sell due to a job transfer, marriage, divorce or illness and just owe too much and also assume they cannot sell their home.

There are options for all of these scenarios. A Short Sale will allow you to sell your home at the current market value and asks your bank or mortgage company to accept this lower amount. A Short sale often costs the seller no out of pocket expenses.


Having a professional, local, full time agent who is well experienced in short sales will make all the difference in the world. I strive to be that agent by offering the best in personal and professional service while guiding you through each step of the short sale process.

THE BASIC PROCESS OF THE SHORT SALE

1. THE FIRST STEP
: In order to complete a short sale, a seller must be able to show a "hardship". Some examples are: not being able to afford your monthly payment, losing a job, illness, divorce, death or a job transfer to another state.

2. THE MOST IMPORTANT THING is to choose a local Realtor who is experienced in listing, negotiating and selling short sales. Beware of out of state companies or people who promise you things that sound too good to be true. If you live in Brevard County, call JoAnn Young first for experience involving short sales.

3. STARTING THE PROCESS. You will need to gather your last 2 years tax returns, last 2 pay stubs, 3 month bank statements, a list of income and expenses and write a hardship letter. The listing agent or negotiator will complete a title search to see what liens are attached to the property to be sold  or if your home is in foreclosure.

a. The listing agent or negotiator will make preliminary contact with the mortgage company / bank to obtain any specific forms or instructions they will need to complete the short sale

b.  A The listing agent should have some idea of what the property’s value is.  . The home should be priced at or just below market value. Pricing a home too low, will result in the short sale being counter offered or refused.

c. The listing agent markets the property in search of potential buyers and offers

4. RECEIVING AND ACCEPTING AN OFFER. The one thing to remember is the sale is between the buyer and the home owner, not the buyer and the bank. The seller should choose the best offer to accept and submit to the mortgage company for approval. The buyer should be ready to close within 30 days of the acceptance of the short sale offer  from the bank. If the house needs any repairs, they should be noted in the initial offer, not left to work out later.

5. SUBMITTING THE SHORT SALE FOR APPROVAL. Once an offer has been submitted and the seller’s financials are gathered, the listing agent or the listing agent’s professional negotiator will submit the short sale package to the bank. The short sale offer and package MUST be complete or will be rejected.

6. THE SHORT SALE APPROVAL PROCESS. Once the bank receives the file, the bank will assign a negotiator. This could take 1-2 weeks. They will review the package and if it is complete will order an appraisal or Broker’s Price opinion (BPO) within the first 2 weeks. It could then take 2 more weeks to finish the appraisal. Once it arrives, the negotiator will review the home’s value and what proceeds they will receive from the short sale versus what they would receive if they foreclosed. This could take 2-4 more weeks.

7. THE BANK’S RESPONSE TO YOUR SHORT SALE. On average, it takes 2-3 months if you have only 1 mortgage. The response from the bank can be either to accept your offer as is, or they can counter the offer trying to reduce the costs of the short sale by asking the buyer for a higher price, better terms or money from the seller. Worst case is they deny the offer i.e.  if the seller does not have a hardship of if the offer is just way too low.

==========

The 2 most important things to note are:

1.  A short sale should NEVER be considered approved unless received in writing. All offers, counter offers and such should always be in writing for your protection. No matter what, a short sale will only go as well as the listing agent is experienced in short sales. The short sale process will be much more difficult with an un-experienced agent. It is common for short sales to go 3-6 months. One more important tip is for the seller to stay in the home.   Leaving the home early, lessens your negotiating power with the bank.
2. Unless the government passes an extention, the tax forgiveness act for homeowners (on the difference between what they owe on the note and what the bank gets), expires 12/31/2012. Homeowners in distress NEED to get a short sale done and quickly! Time is running out if the process takes up to 6 months. It could mean homeowners will owe the IRS thousands of dollars in tax forgiveness

3.. Use an agent who is local and well experienced in listing, negotiating and selling short sales. JoAnn will guide you through each step of the short sale selling process.  If you want an agent experienced and successful in short sales, call JoAnn Young 321-243-4917  Florida Realtor, Melbourne, FL  email JoAnn



Thursday, February 16, 2012

How Do I Increase the Value of My Property?

The biggest factor that can affect property value is market conditions, which are outside of your control. But other factors such as condition of the property, certain home improvements, neighborhood stability and safety are not. Some home improvements can increase your property value such as remodeling a kitchen or bathroom.  The kitchen in your home is a critical selling point. Modern bathrooms are also a big asset.
Upgrading your landscaping to add curb appeal is also an increaser.  A good first appearance on a home can add as much as 5 percent to 10 percent to the value of the home.  You don't have to spend a fortune on plants, either. Just keep it typical with the neighborhood.
Keep your home well-maintained.  Don't let items of repair go undone.
It helps to live in an area where other homeowners are upgrading their homes. Just remember, if you over-improve for the neighborhood, you may not necessarily recover your costs or boost your value significantly.
If you have any further questions regarding increasing your home's value, give me a call and we can talk about it more. 321-243-4917
If you or someone you know is buying or selling a home, I would be honored if you would refer me to assist in thc transaction. Call or email me.
- JoAnn Young - Young & Young Properties, Melbourne, FL