Negotiate your Best Home Purchase Price


Negotiate your Best Home Purchase Price
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44 Free Tips To Selling Your Home for Sale


Here Are 44 Free Tips to Getting Your Home Ready to Sell. 

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This 44 fail-proof list of simple, quick, and inexpensive things you can do to prepare your home for sale.  

Tip #1: Get into your car and drive away from your home. Drive towards your home the way a potential buyer would. Notice your first impressions of your home. Is the landscaping well groomed?

Tip #2: Paint your front door and mailbox. Polish your door and entry hardware.

Tip #3: Make sure your doorbell is functional.

Tip #4: Wash or thoroughly clean wood, aluminum, and vinyl sided homes. 

Tip #5: Rake leaves, trim shrubbery and trees, cut the lawn, and plant a few new, fresh flowers. Put down fresh mulch or peat moss around shrubs and flower beds. 

Tip #6: Sweep and hose off the walkways and driveways.

Tip #7: Clean the gutters and extend downspouts to prevent flooding or basement water seepage. 

Tip #8: Organize the garage. Get rid of clutter by either putting it in boxes, or pack ahead of time and rent a storage locker for your garage belongings. 

Tip #9: Check the locks of your home at the entry, back entry, and garage. Locks can give a first impression of a home that needs maintenance. And they’re the first thing a buyer sees. 

Tip #10: Clean oil stains from your driveway and garage. 

Tip #11: Clean up any litter in the yard or walkways. Remove any leaves or debris in the yard or walkways.

Tip #12: Touch-up the paint on the exterior of the home if necessary. In some cases, it pays to repaint the entire exterior if it hasn’t received a coat of paint in years. 

Tip #13: Look for any cracks in exterior plaster, and make sure they are fixed and repainted to match exterior paint. 

Tip #14: The entry way sets first impressions. So make sure it’s in great condition with fresh paint and clean floors.

Tip #15: Clear out about one-third to one-half of your furniture. You want your home to look uncluttered, and the rooms to feel open and bright.

Tip #16: Put away nick-knacks and items that make the home look overly personal to YOU. 

Tip #17: Do a thorough interior maintenance review. Oil squeaky doors, tighten doorknobs, clean and repair ALL windows, and repair leaking taps and toilets. Look for chipped paint and cracked plaster or drywall that needs repairing. 

Tip #18: It is a good idea to have all windows professionally washed. And clean all window shades and blinds. 

Tip #19: Replace all burned-out light bulbs and clean lighting fixtures. 

Tip #20: GIVE YOUR HOME A SPACIOUS LOOK. If you’ve ever toured a model home, you’ve noticed that the home is spacious and bright. Make your home look the same by:  A) Clear out stairs and halls of clutter and excess furniture, B) Clear counters in the kitchen and bathrooms, and C) Make closets and storage areas neat and tidy. 

Tip #21: Make sure your home is clean by doing the following: A) Shampoo carpets, B) Clean washer, dryer, and laundry tubs, C) Clean the furnace

Tip #22: Wax or polish floors, and glue down any seems if you have vinyl flooring. 

Tip #23: Make sure windows and doors operate properly and lubricate closet door tracks with a silicon spray. 

Tip #24: Glue loose wallpaper seams and remove soiled wallpaper. 

Tip #25: Clean around fireplaces and remove ashes. 

Tip #26: Organize all closets, pack up unnecessary items for storage, and put all toys away.

Tip #27: Make sure all beds are made, bedrooms are neat and clean, and laundry is clean and folded.

Tip #28: Consider holding a yard sale BEFORE you place your home on the market to get rid of excess items that can make your home look cluttered or small. Bathrooms and kitchen are some of the most influential areas of a home. 

Tip #29: Your Bathrooms. Repair loose tiles. Remove loose grout using a grout file, and apply new grout. Faded tile colors can be improved using an epoxy spray. Remove old tub and tile caulking with a hooked scraper, install new white silicone tub, and tile caulk.  

Tip #30: Your Kitchen. Clean ovens thoroughly. Clean cook tops and exhaust fans. Remember to clean behind your appliances. Double-check all burners to make sure they are working. Defrost freezers, and thoroughly clean the interior of your refrigerator. Remove mold from refrigerator gaskets. Empty the water collection tray under the refrigerator. Install new shelf and drawer liners.

Tip # 31: Save your receipts. If you need to make substantial repairs to your home, save the receipts in a manila envelope. This will show what has been updated in the home. How To Show Your Home For Maximum Profit. There ís a right way to show a home and a wrong way. Many homeowners lose money, or turn-off buyers because they simply didn’t know how to handle a home showing.  

Tip #32: Save those receipts. If you completed any substantial work on your home, save the receipts and ONLY take them out if someone questions the value of the work performed (in the negotiating process). Many times extra work will increase the value of your home beyond your costs. So only use the receipts if you need support to justify the work. 

Tip #33: Save those utility bills. Buyers frequently have questions about utility costs of owning a home. If you have past utility bills, you will greatly increase your credibility and help provide precise answers to important questions. Save electric, gas, water, oil, sewage, and waste management bills. 

Tip #34: Go away during organized showings. Three’s a crowd when your home is being shown. 

Tip #35: Turn on ALL lights. Illumination is like a welcome sign. 

Tip #36: Open all drapery and bring in as much natural light as possible. Buyers hate dark homes. Anything you can do to brighten your home will help. 

Tip #37: Turn off any radios and TV’s. Occasionally very soft, background music can enhance a showing. But generally, no music at all is your best bet. 

Tip #38: Plan a pleasant aroma. Cinnamon sticks or vanilla boiled in a pot of water on the stove emit pleasant aromas and make a home smell inviting. Apple and cherry wood smoldering in a fireplace do the same. 

Tip #39: Keep pets out of the home during showings. 

Tip #40: Do NOT volunteer conversation. Be courteous but don’t force conversation with a potential buyer. They want to inspect your home, not make a social call.

Tip #41: Stay positive: Never apologize for the appearance of your home.   

Tip #42: DO NOT Tag Along. It makes buyers fearful and uncomfortable. The showing Realtor knows the buyer’s requirements and can better emphasize the features of your home.

Tip #43: Never negotiate during a showing. Let your Realtor discuss price, terms, possessions, and other items with any potential buyers. If any negotiations arise prior to an offer, politely request the buyer to submit an offer and you can consider it.

Tip #44: Protect Your Largest Investment By Getting REALTOR Representation

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If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

MICHELE HANIGAN, Realtor
Mobile: 214.738.5555

DallasHomes@me.com

http://www.DallasHomesForSaleAndLease.com

Selling a Home for Sale? Updates?? Check This Out….


2012-13 Cost vs. Value: Make the First Impression Count

Updating the outside of a home pays off, according to this year’s Cost vs. Value Report. Real estate professionals ranked exterior improvement projects as winning the buyers’ eye and providing sellers with the most return on investment.

JANUARY 2013 | BY ERICA CHRISTOFFER

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Homeowners, if you’re wondering what home improvement projects will give you the best return on the sale of their home,  think “curb appeal.”

When buyers are shopping for a home, the exterior can make (or break) the first impression. According to the 2013 Cost vs. Value Report, exterior replacement projects are among the most valuable home improvements that sellers can currently invest in, starting with the front door.

A steel entry door topped this year’s survey with an estimated 85.6 percent of the costs recouped at resale. The steel door replacement is also the least expensive of the 35 midrange and upscale remodeling projects included in the survey, costing $1,137 on average.

This is the 15th year that Remodeling magazine — in cooperation with REALTOR® Magazine — has released the Cost vs. Value Report. This year’s survey included more than 3,900 appraisers, sales agents, and brokers across the country who provided their opinions and estimates.

Exterior projects dominated the list with six of the top 10 most cost-effective midrange projects and eight of the top 10 upscale projects.

Top 10 Midrange Projects

1. Entry Door Replacement (steel)
Job Cost: $1,137
Resale Value: $974
Cost Recouped: 85.6 percent

2. Deck Addition (wood)
Job Cost: $9,327
Resale Value: $7,213
Cost Recouped: 77.3 percent

3. Garage Door Replacement
Job Cost: $1,496
Resale Value: $1,132
Cost Recouped: 75.7 percent

4. Minor Kitchen Remodel
Job Cost: $18,527
Resale Value: $13,977
Cost Recouped: 75.4 percent

5. Window Replacement (wood)
Job Cost: $10,708
Resale Value: $7,852
Cost Recouped: 73.3 percent

(tie) 6. Attic Bedroom Addition
Job Cost: $47,919
Resale Value: $34,916
Cost Recouped: 72.9 percent

(tie) 6. Siding Replacement (vinyl)
Job Cost: $11,192
Resale Value: $8,154
Cost Recouped: 72.9 percent

7. Window Replacement (vinyl)
Job Cost: $9,770
Resale Value: $6,961
Cost Recouped: 71.2 percent

8. Basement Remodel
Job Cost: $61,303
Resale Value: $43,095
Cost Recouped: 70.3 percent

9. Major Kitchen Remodel
Job Cost: $53,931
Resale Value: $37,139
Cost Recouped: 68.9 percent

10. Deck Addition (composite)
Job Cost: $15,084
Resale Value: $10,184
Cost Recouped: 67.5 percent

Top 10 Upscale Projects

1. Siding Replacement (fiber-cement)
Job Cost: $13,083
Resale Value: $10,379
Cost Recouped: 79.3 percent

2. Garage Door Replacement
Job Cost: $2,720
Resale Value: $2,046
Cost Recouped: 75.2 percent

3. Siding Replacement (foam-backed vinyl)
Job Cost: $13,818
Resale Value: $9,926
Cost Recouped: 71.8 percent

4. Window Replacement (vinyl)
Job Cost: $13,055
Resale Value: $9,295
Cost Recouped: 71.2 percent

5. Window Replacement (wood)
Job Cost: $16,361
Resale Value: $11,194
Cost Recouped: 68.4 percent

6. Grand Entrance (fiberglass)
Job Cost: $7,088
Resale Value: $4,528
Cost Recouped: 63.9 percent

7. Deck Addition (composite)
Job Cost: $34,403
Resale Value: $20,532
Cost Recouped: 59.7 percent

8. Major Kitchen Remodel
Job Cost: $107,406
Resale Value: $64,113
Cost Recouped: 59.7 percent

9. Bathroom Remodel
Job Cost: $50,007
Resale Value: $29,162
Cost Recouped: 58.3 percent

10. Roofing Replacement
Job Cost: $33,880
Resale Value: $19,194
Cost Recouped: 56.7 percent

Ending a six-year cost-value ratio decline, this year’s Cost vs. Value Report is good news for remodeling industry with a rise in the ratio by three percentage points to 60.6 percent. According to the report, lower construction costs and stabilizing house prices were the principal factors for the upturn.

While every region improved over last year’s survey, the Pacific region — Alaska, California, Hawaii, Oregon, and Washington — had the highest average cost-to-value ratio overall at 71.2 percent, despite having the highest construction costs in the country.

Visit www.costvsvalue.com to find information from the 81 cities included in the survey and download free PDFs that include specific market data. Site registration is required. Also visit HouseLogic.comfor a slideshow of the report’s results.

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

MICHELE HANIGAN, Realtor
Mobile: 214.738.5555

DallasHomes@me.com

http://www.DallasHomesForSaleAndLease.com

Texas Housing Market Still Hot??


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Is housing demand in Texas still hot?

by Texas Association of REALTORS®

New data released today by the Texas Association of REALTORS® reveals that the demand for homes in Texas is still rising, and the median sales price hit another all-time high.

The 2013-Q2 Texas Quarterly Housing Report shows 17.78% more home sales than the same quarter last year. The 79,760 single-family homes sold in the state in Q2 is the highest number of homes sold in a single quarter since the Texas Quarterly Housing Report was launched in 2009.

Here are a few highlights from the latest report:

  • The median sales price in 2013-Q2 was $177,300, up 9.98% from the prior year.
  • The average sales price increased 10.44% from the prior year to $235,075 this quarter. Those are the highest figures for median and average price ever seen in Texas real estate.
  • The inventory of Texas homes continued to shrink. For 2013-Q2, the Texas market featured 4.1 months of inventory, which is 30.5% less than the same quarter of last year.

The report uses statistics from 48 multiple listing services in markets throughout Texas.

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

MICHELE HANIGAN, Realtor
Mobile: 214.738.5555

DallasHomes@me.com

http://www.DallasHomesForSaleAndLease.com

Selling a Home in Dallas? Buying a Home in Dallas?


Dallas-area housing market hits an all-time high in first half of 2013

Dallas Homes Stats

Dallas Homes Stats

With Dallas-area home prices in many neighborhoods up by 10 percent or more so far this year, 2013 is shaping up to be one of the best years for the local housing market in decades.

Local pre-owned home sales in the first half of this year are running more than 20 percent higher than in the same period of 2012. They’ve set a North Texas sales record for a six-month period.

Some Dallas-area residential districts are experiencing the largest home price gains this area has seen since the 1980s.

Housing analysts and real estate agents predict that North Texas home sales and prices will continue to rise during the rest of this year, even with the recent increases in mortgage costs.

Concerns about the home market getting overheated are overblown, they say.

“The increase of sales we are seeing is a pure function of economics,” said Ted Jones, chief economist for Stewart Title Co. “This is not false hopes.

“It’s all about the jobs.”

With the Dallas-Fort Worth area among the top five employment growth centers in the country, Jones said, it’s only natural that demand for housing is so strong.

“In the last 12 months, the D-FW area created 104,600 net new jobs — that’s a lot of jobs,” Jones said. “In that same period, the total residential permits issued in this area were 34,720.

“We could have built twice as many homes and apartments and not overbuilt this market.”

A shortage of homes on the market is driving big price increases in many neighborhoods.

At midyear, some neighborhoods including Far North Dallas, Coppell, Richardson and Grapevine had less than a 11/2-month supply of homes listed for sale with real estate agents, according to data from the Real Estate Center at Texas A&M University and North Texas Real Estate Information Systems.

A six-month housing inventory is considered a balanced market.

Real estate agents say competition is still fierce for prime properties.

“You write offers on five different houses and pray one gets accepted,” said Scott Schueler, an agent with Keller Williams Realty. “We have frustrated buyers and really happy sellers.”

So far the increases in both home costs and higher interest rates haven’t dampened demand.

“Texas enjoys a comparative housing advantage to other high-growth states,” said James Gaines, an economist with the Real Estate Center at Texas A&M University. “Prices here are significantly below those in other states that people are now leaving.”

But for the Dallas-area, home prices have never been this high. The median pre-owned sales price is now close to $186,000.

While no one expects any kind of a downturn, most economists predict that housing activity in North Texas and across the country will moderate in 2014.

“My short-term outlook is for more of the same,” Jones said. “But I expect that housing values may not go up as much next year as in 2013.

“Supply and demand says values are going to rise.”

If you need help buying or selling a home please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out Park Cities / Dallas Real Estate Services.

Underwater in Mortgage?


Research by economists at the Cleveland Fed finds that people with underwater mortgages are slightly more likely to relocate.

By Teresa at MSN Real Estate Fri 2:11 PM

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Contrary to popular opinion, having an underwater mortgage does not discourage an unemployed homeowner from relocating.

At least that’s the conclusion reached by a team of researchers from the Federal Reserve Bank of Cleveland. In fact, the researchers found that homeowners with less equity were statistically  more likely to move.

“If a hypothetical unemployed, underwater homeowner gets a job offer, he is going to take it,” wrote Yuliya Demyanyk, a senior research economist for the Cleveland Fed and one of the authors of the report.

If you need help buying or selling a home or have questions, please contact Michele Hanigan at DallasHomes@me.com or call/text 214-738-5555.  Additionally, you can check out my Facebook business page at Park Cities / Dallas Real Estate Services.