Monthly Archives: August 2018

Why It Is Better To Use A Realtor Than Going It Alone

At one point or the other in our lives we are faced with the problem of buying homes that meet our specific needs. Some people however, may decide to confront this problem by themselves. Thus, they begin to look for homes for sale. Good and cost saving as this approach might be the unforeseen problems associated with going it alone may wipe away the costs saved.

It is therefore advantageous to find a qualified realtor who has access to real estate listings that are available in one choice area. These realtors have the skills to hunt for homes that meet your taste, income and needs. This will save a considerable amount of time that might be used in productive activities. Realtors are experts that have been licensed to practice and they are guided by codes of conduct which if breached will attract serious penalties. They are expected to place the interests of their clients above their own, hence, they are expected to work for their clients’ satisfaction.

Going it alone may lead to paying more for a home than the actual value. Realtors are pricing experts who are conversant with the prices of different properties. They can come to the aid of their clients by making fair negotiations with sellers. The prices of homes for sale differs from one neighborhood to another depending on the facilities available. Realtors have information about different areas and they can offer valuable advice to prospective buyers. Most times when a property is chosen from real estate listings, it is the job of realtor to inspect the home and request for repairs where it is necessary on behalf of the buyer. A prospective buyer may not be able to handle this issue effectively, which may lead to friction with the seller. The realtors have adequate sense of what is fair when requesting that a home be repaired because of their experience in handling such cases.

The decision to go it alone without an expert realtor may affect negatively the proper transfer of the home to the buyer. It is the responsibility of the realtor to handle paper work. He must see to it that all the papers are signed by those who need to do so. Apart from that, the realtor has the duty to keep these records properly, so that they can be easily retrieved if the need arises in future. Secured record keeping is guaranteed when a realtor is involved in the transaction. There are some properties that are not in the real estate listings in other words such homes are not advertised. Realtors will know about such homes which the buyers can inspect and make choices that suit them.

To forestall future problems with homes for sale, a realtor has the duty of guiding prospective buyers in the choice of property so as to ensure peace of mind and eliminate potential problems. Although, saving a percentage of what a home costs is a good idea however, the problems and the stress associated with such purchase without the expert guidance of a realtor will wipe away such gain.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.

20 Deal Breakers That Make Your Home Unsellable

Outdated electrical

plug socket on brick wall backgroundSakeza/Shutterstock

Nothing congers up dollar signs more than electrical issues. In fact, 46 percent of buyers are shocked enough to walk away. “It is a large expense for any buyer to take on, but for investors or those looking for a big remodel it’s just part of the cost of doing business,” says McAuley. For example, if a buyer is planning on a major renovation, they are going to install new electrical anyway. But for those desiring move-in ready, this could zap their interest in buying. Outdated electrical isn’t the only dangerous thing lurking in your house; watch out for these hidden dangers in your home.

Not enough natural light

empty white interior with doorDGArt3D/Shutterstock

How many times have you heard a home buyer on TV walk into the room and exclaim, “I love the natural light!” “Lack of natural light or dark rooms are a drawback for many buyers,” notes McAuley. While adding a window or opening up a room to bring in more natural light are options that aren’t hugely expensive, 43 percent of buyers consider it a turn-off.

Dilapidated neighboring property

Old wooden siding painted in white. White old siding background.Stocker plus/Shutterstock

It’s a shame to find the perfect home only to discover the property next door is run-down. Unless the neighbors plan on doing renovations or moving soon, 43 percent of buyers say it’s a no-go and move on. “An unsightly mess is probably going to bother you more as you own and invest in your own property,” cautions McAuley. “Remember, you can make a house what you want, but you can’t change the lot or location,” says McAuley.

House is near a busy road

18 wheeler semi truck at night on highway5m3photos/Shutterstock

“A house located near a major road or highway is a big negative. It will bring noise and traffic and even if a buyer is OK with it, it will be difficult to resell down the road,” cautions McAuley. Not surprisingly, 43 percent drive off on this one.

Small room sizes

Blue new children bedroom on the attic, bedPhotographee.eu/Shutterstock

“Large, open spaces are the rage among home buyers in today’s market. The small, choppy rooms so popular in the 50s and 60s are a big turn off,” notes McAuley. Buyers may have a difficult time imagining the possibilities if the walls were torn down to create an open floor plan or they don’t have the budget to do it. Either way, 40 percent close the door on these houses.

Small kitchen

White Kitchen Interior Accessories Dishes Staff Apple Grocery Products Stand on TableOlga Pink/Shutterstock

“If you’ve ever had people over for a dinner or party, you know that no matter how much space you have in your home, the kitchen is where everyone ends up hanging out,” says McAuley. A small kitchen or one that is closed off is a huge deterrent whether you’re a frequent dinner party host or not. According to Realtor.com, the kitchen is the favorite room of a home for 80 percent of buyers. It’s no wonder 39 percent lose their appetite and look for something more substantial. No matter the size you can make your kitchen look expensive with these tricks.

Bad DIY projects

DIY hammer, nails and plank on table backgroundAfrica Rising/Shutterstock

DIY can get ugly quick and it can be expensive to fix. A crooked towel bar or a ceiling fan that isn’t quite centered aren’t likely to send buyers running, but bigger DIY projects like doors that don’t completely shut or gaps and buckling in flooring steer 38 percent of buyers away. “A bad DIY can usually be fixed, but no buyer wants to pay for updates they don’t like or that look cheap,” says McAuley. You have to see these DIY fails to believe them.

Student housing is next door

Spilled Beer Pong Cup on a Wooden TablePam Walker/Shutterstock

It’s often a rite of passage for newly independent college students to host parties, with blaring music, and general chaos all hours of the night. Of course, there are exceptions and maybe the tenants will be quiet. But who knows what kind of tenants will be there the next school year? “Student housing can be a nonstop revolving door and there are usually too many unknowns for the buyer,” says McAuley. The thought of too many nights of lost sleep deters 37 percent of buyers.

HVAC on the fritz

central heating system PAKULA PIOTR/Shutterstock

Nothing says “cha-ching!” quite like faulty or old HVAC systems. Heating, cooling, and ventilation are major components that are costly to repair and/or replace and 37 percent of buyers get cold feet and walk away. But if a buyer is set on the house McAuley suggests the buyer factors in the cost of replacement and deduct from the price of the home before making an offer.

Dislikes exterior finish

Old Stone House on a Country Road in Rural England1000 Words/Shutterstock

A quaint stone cottage is cozy and charming but not a popular exterior for 31 percent of buyers. “It’s not a mainstream or popular look and the house may stand out as inconsistent with the neighborhood,” says McAuley. “A buyer could look into replacing the exterior if the price is right which could be possible since the seller is likely dealing with a much smaller pool of buyers.” Read on to find out the biggest regrets of first-time homebuyers.

Original Source: https://www.rd.com/home/improvement/things-that-make-your-home-unsellable/

Original Author:

How Staging Your Home for Sale Can Affect Its Value?

When it comes to selling a home, everyone seems to have their own opinion as to what will make it sell faster and for more money.  Some realtors believe that the smell of freshly baked cookies will convince a person to buy, while other real estate agents think that a home needs to be perceived as warm and inviting to entice a purchase.

Well, if you are the type of person that thinks that an empty home is easier to keep clean through all those open houses, and you want to remove everything, you may want to think twice.  It turns out that the aroma of cookies and cozy spaces can decrease the amount of time a house stays on the market, because potential homeowners can see themselves living there.

In addition to staged homes selling faster, most sellers and their real estate agents will agree that the value of the home will increase, due to the way that it looks when potential homeowners are walking through it or looking at the pictures online.  Some real estate agents believe that the home’s value will only increase by a percent or two, while other realtors believe that the value of the home will increase by as much as twenty percent.

One of the easiest things that you can do when staging your home is remove all the personal items from each room.  These items often include family photos, as you are trying to have someone else imagine themselves living in the space, and that is difficult to do when another family is staring down from the walls.

You will also want to remove any clutter, including that pile of shoes by the front or back door.  The idea when staging a home is to show how everything has its place and that there is room for everything.  It gives the appearance that the home is larger than it is, which is why many realtors will also recommend removing half of the items from inside all the closets.

Your real estate agent will want you to stage your home a specific way prior to having any pictures taken for the website.  That will ensure that your home looks exactly right to potential buyers from the start and hopefully will lure them to the open house.

Of course, once your home has been staged by your realtor, you will not be able to make any changes to it until it has been sold.  This can be difficult for some people, as you may feel that you are living in a museum but keep the end result in mind.  That shouldn’t be too hard, as a little extra money can usually motivate anyone.

Learn more about C21 Lady of the Lakes Realtors and the numerous services they offer including: buying a new home, selling a home, or renting a home at www.ladyofthelakes.com.  To contact one of our real estate agents call 734-426-6060 today.

The Lake Home Of Your Dreams Isn’t Always Perfect To Begin With

Can’t Find Your Lake Of The Ozarks Dream Home? Buy A Fixer-Upper And Make It Your Own

Earning the designation of best recreational lake in the U.S. has made the Lake of the Ozarks even more popular among visitors and home buyers. Local businesses have enjoyed the benefits of booming tourism and it’s made for an incredibly hot real estate market.

On the other hand, with home buyers from across the country eager to own a slice of paradise at Lake of the Ozarks, local real estate listings are dwindling. The Property Shop at the Lake owner Tina Stotler said this dynamic has made it especially difficult for mid-level buyers to find Lake homes that fit their budget.

“Lake-wide, we are experiencing a very low inventory of homes, both waterfront and off the water,” Stotler said. “And homes under $400,000 are particularly hard to find.”

But all is not lost. Stotler says investing in a fixer-upper is a great opportunity to purchase a lake home without breaking the bank.

Check out some before/after fixer-upper photos from a home sold by The Property Shop at the Lake:

“Fixer-uppers are an affordable way for buyers to get into a home and customize it to their lifestyle,” Stotler said, noting that obtaining a loan for renovation projects is easier today than in the past. She regularly works with lenders who understand the dynamics of renovation projects and have lengthy  experience in helping borrowers navigate the approval process.

“Lenders now have a special loan program for purchasing a fixer-upper that includes additional funds to update and remodel. There is only one closing and one closing cost.”

Stotler stressed that financing is only one of many factors to consider when purchasing a fixer-upper property. Owners should take into account the location of the house, the type of lot it sits on, waterfront issues, foundation problems, things that can and cannot be changed, as well as the overall potential of the home.

“One of the most important things to consider when purchasing is to keep an open mind. If the location of a property is good and the lot is nice, you should consider the potential in the house,” Stotler said. “Buying a property that needs work gives you the opportunity to ‘make it’ what you want.”

Still, tackling a fixer-upper is not for the fainthearted: it can be a daunting task for even experienced renovators.

Renovation projects can cost more in time and money than anticipated; and Stotler emphasizes working with a real estate professional who has relationships with local contractors and sub-contractors along with experience in guiding buyers through the fixer-upper process, is a must.

“Your Real Estate Professional should be able to help guide you with more than just the purchasing aspects of buying the property,” Stotler said. “Ask them if they have information on permitting, recommendations for contractors, making sure you can permit your dock, or replace it with a bigger dock, etc. The list is long and you want a realtor who knows the answers.”

Herself nearing the end of a lengthy journey through renovating her family’s former Lake home, Stotler is well aware of the pitfalls and the rewards of bringing new life to older homes.

“When I decided it was time to move back into a lakefront home, I looked for several months to find the perfect ‘fixer upper,’“ Stotler said. “Based on purchase price, renovation costs and accomplishing my ideal results, I realized that nothing could replace the location and the memories of my parents’ lake house.”

Stotler purchased the house from her brother and began the renovation process utilizing the craftsmanship of local contractors and sub-contractors to add 1,340 square feet and a 2-car garage to her former childhood lake home.

Nine months later, she readily admits that renovating a fixer-upper can be an arduous process, but she stresses that the final result makes it well worthwhile.

“My ‘dream home’  and ‘fixer-upper’ will be done sometime in mid-September and I’ve experienced first hand how taking on renovations, big or small is not an easy decision or an easy task,” Stotler said. “It takes a lot of imagination, cooperation and patience. But the end result can be very rewarding.”

Original Source: https://www.lakeexpo.com/advertorial/can-t-find-your-lake-of-the-ozarks-dream-home/article_60c56f36-969f-11e8-8f70-e7ca8a812457.html