Monthly Archives: May 2015

Minimizing The Stress Involved In Selling Your Home

  • Be aware of the three major causes of sellers stress:  Selling your home is never easy.  You are emotionally attached, not necessarily to the home itself but to the memories that took place in it.  To minimize stress it is best to work with an experienced seller’s agent.  A real estate agent that is used to working with homeowners looking to sell has experience in the process and understands the needs of the seller.  This all benefits you as the seller.  The three highest areas of stress when selling your home includes during the appraisal process, home inspections, showings and open houses.
  • Be prepared to repair:  Instead of waiting until your home is days away from being listed for sale take time to repair the things in your home that are not suitable to buyers.  This process can take anywhere from six to nine months.  Preparing ahead of time allows you to hire a reputable handyman to come in and service the areas within the home that need to be fixed before your home goes on the market.  Waiting until the last minute only causes more stress and tension between you and the person making the repairs.  Compile a list of things that need to be done and within what time frame in order to minimize down time.  Make note of all of the recent updates for home buyers to access when looking into purchasing your home.
  • Prepare to be fair:  Having your home appraised is one of the most difficult events in selling a home.  Not every repair that was done on the home will recoup its value in the asking price of your home.  Some repairs or upgrades done to the home will only be for you and will not cause an increase in the asking price.  Being prepared for the appraisal process will alleviate a great deal of stress for you as the seller.  The memories you made in the home are not valuable to anyone else.  The home is being valued on what it is in comparison to other homes available on the market with similar offerings.  That is it.  The process should not be taken personally as that will only add stress. 
  • Prepare your home:   Preparing your home for sale is one of the most cleansing experiences and should be thought of as just that.  Take the stress out of preparing by organizing and eliminating unnecessary furniture, knick-knacks and clutter.  Create a routine that allows you to prepare your home for showings without really doing anything out of the ordinary new normal routine.  In the morning before you leave for the day take time to make beds, put dishes in the dishwasher and do one complete load of laundry.  Then you will be prepared in the evening when the realtor schedules a viewing or if someone wants to see your house during the day.  Minor preparations, spending ten to fifteen minutes in the morning and at night can keep you from being stress during unexpected showings.
  • Keep all things in perspective:  Don’t worry if the house doesn’t smell like fresh baked goods or if pillows aren’t all fluffed perfectly.  Buyers that are really interested in buying your home are not going take those things into account as much as they will that the house looks well kept and is clutter free.  

Lady of the Lakes Real Estate is Livingston County’s premiere realtor; out of Pinckney, Michigan helping buyers buy and sellers sell homes that provide a recreational lifestyle including golf courses, lakes and the Huron river chain of lakes, throughout Brighton, Howell, Pinckney and the surrounding area.  More information can be found at http://www.ladyofthelakes.com.

Stress Free Checklist When Buying A Home

  • Determine what you can afford:  When you are looking for a home to buy one of the best rules of thumb is to consider a home that is only two to three times your annual household income.  This allows you to stay within a comfortable range with your house payment, insurance and household bills.  If your lifestyle is one in which you like to travel or spend a bit more money on other toys consider this as well.  Don’t strap yourself into a house payment that does not allow you to continue enjoying the activities you desire.
  • Find a mortgage broker or lender to work with and get pre-approved: In order to really start looking for the home of your dreams you must find a mortgage broker or lender to work with.  They will help guide you through the entire process from cleaning up your credit, preapproval, mortgage terms and the final mortgage application process.
  • Figure out what mortgage is right for you: How long is it practical for you to pay on a home loan.  There are different mortgage terms for different needs.  Some people choose a less expensive home because to them having a home paid off in fifteen years is ideal.  Others prefer a smaller payment so they spread theirs out thirty years.  Also consider a fixed or variable rate depending on how confident you are with mortgage interest rates.
  • Consider a financial dry run:  Before you actually decide to purchase a home do financial dry runs.  Take what is equivalent to the amount of your new payment, insurance and utilities and sock it away in a savings account.  Be sure you can do this for at least six months without dipping into it to ensure you can swing the extra payments. 
  • Decide must haves verse what would be nice to have:  You may not be able to find everything your dreams desire in one house.  Make a list of the items you can’t live without, the deal breakers verse this feature it would be nice to have. 
  • Find a real estate agent and start house hunting: Finding a reputable, local real estate agent that specializes in the type of home you are looking for will help in your search to find the perfect home.  If you are looking for recreational living find a real estate agent that specializes in waterfront property, homes on golf courses or homes for sale near recreational adventures. 
  • Put in an offer, review your contract, and sign the papers: The final step in stress free home buying is to put in an offer, have it accepted, review the contract, sign the papers and move in.  With the right real estate agent and mortgage broker or lender working with you the process of buying a new home should be as simple as the steps listed above. 

Lady of the Lakes Real Estate is Livingston County’s premiere realtor; out of Pinckney, Michigan helping buyers buy and sellers sell homes that provide a recreational lifestyle including golf courses, lakes and the Huron river chain of lakes, throughout Brighton, Howell, Pinckney and the surrounding area.  More information can be found athttp://www.ladyofthelakes.com.