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5 Insider Secrets for Success in Real Estate

Posted by Nestlewood Realty on September 11, 2019  /  in Uncategorized  /  No Comments
Success in any industry is difficult to define, and the real-estate business is no exception. Regardless of the personal goals you’ve set for yourself or the type of properties you’ve chosen to focus on, there are a few “secrets” to getting on the path towards success that we wanted to share with you:

 

HAVE A BUSINESS PLAN

Being a successful real estate agent depends on many things, but having a plan is a good start. Without a plan, there’s no telling where you’ll end up. Even if you’re not exactly sure where you want to be, a flexible plan is better than no plan at all. If you’re looking to join an established team, be sure to understand what THEIR plan is. Ask and learn about the clients they serve, which types of real estate will be your focus, and how they’ll support you as an agent.

SHOW UP IN YOUR COMMUNITY

As a real estate agent in 2019 and beyond, it’s important to know the community you serve. Even more important, however, is to ensure that your community knows YOU. By networking in your area and beginning genuine relationships, doors will begin to open up. Creating and maintaining social media channels and/or a website where you’re consistently adding valuable tips and advice that your ideal clients need is a great way to establish yourself as the go-to real estate expert in your area. Even if the people you reach are NOT currently looking to buy or sell property, they are more likely to share your information with family and friends who need your services if they see you, consistently, as someone they can trust to help. 

SET REALISTIC EXPECTATIONS

Real estate agent takes time and hard work to pay off. Don’t expect to start making a profit in your first week of being a real estate agent. The area you live in is a huge factor in how successful you can be. Setting realistic expectations will help from keeping getting you discouraged. By joining an established team like Nestlewood Realty, you can bypass a lot of the struggle most new agents face through the guidance of experience.

PRIORITIZE CLIENT RELATIONSHIPS

Communication is key. Attracting new clients requires patience, empathizing and respectful communication.  Buying a home is a huge life changing moment and when your client trusts you they will likely send referrals to you for years down the road. Being understanding of the magnitude of the process to each and every client will be crucial for your success.

If one client has a very positive interaction with you, they will likely spread your information around their circles and act as a ‘word of mouth” marketing engine.

KEEP A POSITIVE MINDSET

The first step towards success is believing that you can achieve it. Ditch that fixed mindset and embrace the growth mindset! Just remember not every day is going to be a good day but there is some good in every day.

If you are interested in joining an established team, reach out to us at Nestlewood today!

Choosing Between a Fixed-Rate Loan and an Adjustable-Rate Loan

Posted by Nestlewood Realty on August 01, 2019  /  in Blog, Home Buyers, Home Buyers, Questions and Answers, Questions and Answers, Realtors, Uncategorized  /  Comments off

Should I get a fixed-rate loan or an adjustable-rate loan?

You’re excited to find the perfect home that fits your lifestyle, family, and aesthetic, but the hardest part of the home-finding process is the home-buying process. To make your journey to your new home easier, we want to break down two of the most popular loan types and help you find which is best for you.

Two of the most popular loan types are fixed-rate loans and adjustable-rate loans. Fixed-rate loans have the same interest rate locked in for the life of the loan. Adjustable-rate loans lock in an introductory interest rate for the first few years and they can fluctuate depending on outside factors throughout the life of the loan.

So which one is right for you?

adjustable-rate loan

If you have the income to support unpredictable changes, you could end up saving money with your adjustable-rate loan if your interest rate drops. However, if your interest rate goes up, so will your monthly payment.

If paying more than you can afford doesn’t sound like something you’re willing or able to do, a fixed-rate loan might be the safer bet because an adjustable-rate loan will fluctuate. With a fixed-rate loan, monthly payments will not change due to fluctuating interest rates and you can easily budget for your monthly bill.

There is also safety in knowing you can refinance your fixed-rate loan in the future. The value of your home, your credit score, accumulating too much debt and losing some of your income can affect whether or not you are able to refinance an adjustable-rate loan. If your home value drops too much or your credit score takes a hit, you may be denied the ability to refinance for a lower interest rate. (This was part of the cause of the mortgage crisis of 2008-2009!)

But be careful, you have to pay for safety. Fixed-rate loans typically start out with higher interest rates than variable-rate (or adjustable-rate) loans. For example, the rate on a fixed-rate mortgage might be one or two percent higher than the rate on an adjustable-rate mortgage (ARM). That difference can make a dramatic change in your monthly payment.

If you know you are going to move before your ARM adjusts, then getting an ARM makes sense. The number one reason Millenials and Generation Z moves is a change of employment with an increase in pay. Millennial job habits commonly include changing jobs within two years. With mobility being a growing trend, then having a long-term, fixed-rate loan may not be desirable. The key is to not catch yourself in a buyer’s market with home prices on the decline. You may end up being forced to sell for a lower price than you would want, due to your need to move.

At the same time, fixed-rate loans are available in a variety of yearly terms and the shorter the term of your loan, the lower the interest rate will be. This means you’ll end up paying less in interest altogether and you will build equity and own your home sooner. But remember: The shorter the loan period is, the higher the monthly payments will be.

A standard 30-year fixed rate mortgage is traditionally the most common way to buy a home. But the Washington Post reported that more homebuyers are turning to adjustable-rate mortgages because of the low initial rate of an ARM.

In the end, there are pros and cons for each type of loan. Before you make a decision, seek advice from an expert– like one of our agents, who will be able to help you choose between a fixed and adjustable-rate loan.

What is the Home Selling Process Really Like?

Posted by Nestlewood Realty on July 18, 2019  /  in Blog, Questions and Answers, Selling Your Home, Selling Your Home, Uncategorized  /  Comments off

So you’ve decided to sell your house… But what is the home selling process really like? 

You’ll likely begin your seller’s journey by hiring a real estate agent. While the Internet has made it easier to sell your home all on your own, about 93% of home sales are still closed with a real estate agent. A good realtor understands the complex procedure and paperwork involved in selling a home and their experience will save you time and energy, and get you a better deal on your home in the long run.

After selecting your agent,  it’s time to price your home. He or she will help you determine how much your home is worth using comparative market analysis reports, broker price opinions or by hiring an appraiser. Appraisers and brokers will likely be able to also provide you with suggestions for where your home could use repairs before going to market.

Prepare your home for showings by making small (or big!) home improvements as necessary. Replace cracked floor or countertops and patch any holes in the walls. Fix leaky faucets and doors that don’t close properly, and kitchen drawers that jam. Painting your walls neutral colors. Replace burned-out light bulbs and add additional light fixtures wherever possible.

Now onto the next step in the home selling process… After necessary improvements have been made, it’s time to make your home sparkle. Clean your home beyond what your usual weekly or day-to-day cleaning jobs would be. Remove all clutter and personal items and open up the space as much as possible. Remember, this is your one shot to make a good first impression on buyers.

Once your home is ready to show off to the public, you or your agent will photograph (or have your home photographed) and list it online. A listing agreement will likely be signed before your home is advertised for sale by a realtor. (Make sure to keep a copy of those documents in a safe place in case you ever need them.) Your home should then be marketed all over the internet, showing off its best sides. You’ll also begin to show your home to interested parties and hold open houses. If your home doesn’t receive an offer right away, use these opportunities to ask for buyer feedback and adjust price or marketing accordingly. 

When an offer (or multiple offers) have been made, it’s time to choose, negotiate, and/or accept. Negotiating the sale that leaves you in the best possible position is one of the most complex parts of selling a home. (That’s why it’s good to have an experienced realtor by your side!) You may end up with multiple counteroffers until a deal is reached, or you may accept an offer on the first round. Either way, once all parties agree to all of the terms in writing, you’ve got a contract. Now it’s time to focus on the legal jargon.

After the contract has been signed, you enter the “due diligence period.” Due Diligence is simply the period immediately after the acceptance of a Purchase and Sale contract to buy a home, typically ranging from 7-14 days. During this time, the buyer of the home will investigate the property for termites, mold, structural damage, plumbing problems, and the condition of the property. The buyer may request repairs be made for issues discovered during the inspections, which can result in another round of negotiations for repairs or price reductions. If an agreement is made to both parties’ satisfaction, the due diligence period will end and you will move one step closer to closing.

Charlotte Home for Sale

If a buyer is seeking a loan to purchase your home, they’ll likely need time to secure the financing and have an appraisal performed. (Your process will go much quicker if your buyer has been preapproved for a loan.) An appraisal at this point is the bank’s verification that the property is worth what they’re lending towards, and helps them prevent mortgage fraud. As the seller, you want the property to appraise for at least the contract price or more. A low appraisal can cost a seller tens of thousands of dollars, and disputing them can be very difficult. This is another reason it’s important to price your home correctly the first time. 

After the lender has conditionally approved the buyer for the loan and can provide a commitment letter, things look good to close. But keep in mind, things have been known to go wrong right up to the closing, so it’s never a 100% guarantee the sale is done until you sign the papers at closing.

Depending on where you’re located, you might sign escrow documents shortly after opening escrow or you’ll sign them nearer to closing. Escrow refers to a third-party service that’s usually mandatory in a home purchase. Until the final exchange is completed, both the buyer’s deposit and the seller’s property are said to be in escrow. Consult with your lawyer and/or agent for more information.

Once everything’s been completed, it’s time to finalize the sale. On the day of closing, your job as the seller is much easier since you’ve already done your part. (Phew!) The buyer will be signing the bulk of the documents, so you can sit back and relax knowing the stress of selling your home is finally over. 

After you’ve handed over all the keys and necessary documents and moved out of the house– it’s time to celebrate! Say “goodbye” to your home and “hello” to your new adventure, whatever that may be.

Do you still have questions about the steps in the home selling process? Connect with a Nestlewood agent today.

3 Homes in Charlotte, NC That Will Make Your Jaw DROP

Posted by Nestlewood Realty on July 02, 2019  /  in Blog, Featured Properties, Luxury Home, Uncategorized  /  Comments off

Charlotte, NC is known for its ties to finance and new energy, the NFL’s Carolina Panthers, its food scene, and much, much more. But one of the Queen City’s best attributes is its modern skyline and unique architecture. 

We’ve seen hundreds of gorgeous handcrafted homes at Nestlewood Realty. Here are 3 homes on the market right now that will have you running to the nearest buyer’s agent.

4033 COLUMBINE CIRCLE– 5 bed/ 4.5 bath

columbine-cir-charlotte-home

Situated on 1.44 acres in popular Foxcroft, this home features a formal dining room with built-ins leads, a top-of-the-line kitchen with a marble waterfall island, quartz on the rest of the countertops, and designer hardware/lighting. Basement can function as 2nd living quarters with a 2nd kitchen, additional bath, and a room that could be a 6th sleeping area. This is a fantastic property and a great place to call HOME!

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charlotte-nc-home

columbine-cir-charlotte-nc

Listed by Bobby Sisk

903 MCDONALD AVENUE– 3 bed/ 4 bath

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This incredible Dilworth property is in close proximity to shopping, dining, and more! English farmhouse-inspired, it features brick veneer, tons of natural light, a gorgeous fireplace, Thermador professional appliances, site-finished white oak hardwoods, a master suite with vaulted ceiling and a custom walk-in closet. Elevator and carport upgrade options available.

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mcdonald-ave-home-charlotte-nc

Listed by Matt Ewers

12631 PRESERVATION POINTE DRIVE– 4 bed/4.5 bath

preservation-pointe-home

Enjoy wide open views of peaceful Mountain Island Lake from this custom home on the tip of Preservation Pointe Drive. Extremely functional layout, with luxurious first-floor owner’s suite with access to the back terrace and lake views. Formal dining, cozy great room, a breakfast area, and a large kitchen. Plantation shutters, some new carpet, plus garage space for 3 cars. Fenced backyard with a path leading to a private dock with boat lift. Amenity-filled community with pool, clubhouse, tennis courts, walking trails and more.

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preservation-pointe-dr-home

12631-preservation-pointe

Listed by Bobby Sisk

Feeling inspired to jump into a new house? See our full list of available properties or contact one of our buyer’s agents. We can’t wait to get you into the perfect home!

High End “Green” Homes

Posted by Nestlewood Realty on June 04, 2019  /  in Blog, Home Buyers, House Remodeling, Modern Home, Questions and Answers, Uncategorized  /  Comments off

As more buyers look to reduce their carbon footprint, eco-friendly or “green” amenities are a must, especially in high-end homes. But this is more than just having energy-saving light bulbs. For many, “going green” means going high tech, and sellers should take note of these trends as they become more and more common in high-end real estate.

Here’s a look at what’s new and improving in the way of green.

SMART HOMES

Smart homes are becoming the norm across the high-end real estate market. Voice activated and app directed commands allow you to adjust indoor and outdoor lighting as well as heating, cooling, watering, and washing. Take advantage of non-peak hours and control electrical usage while out of town.

DECONSTRUCTED DESIGN

Deconstruction is a concept that utilizes recycled raw materials. This trend is toward more authentic, natural materials such as exposed wood, metal, and brick. It is an exposed style of un-building reminiscent of the ’90s, but with a more refined and green edge to it through its emphasis on reuse, salvaged and donated materials. By mixing in more green materials such as quick-growing bamboo, you can add even add “newer” natural materials to the mix.

BETTER ENERGY GENERATION AND STORAGE

Smart tech is making life easier, cleaner, and cheaper. More efficient batteries are making electrical storage more effective while microgrids allow you to use and buy electricity from off-grid sources, making it easier to take advantage of more clean energy than ever before. Solar technology and the selling benefits they provide make electricity increasingly cheaper for you as a homeowner. Upper-tier home buyers are looking for more than just your typical solar panel. Innovations like Tesla’s solar panel roof tiles are the type of high-tech upgrades that catch the eye of those luxury buyers.

INSTALL AN ENERGY MONITOR

One of the easiest things you can do to decrease energy consumption around the house is to install an energy monitor. Household energy monitors are easy to use and inexpensive, and allow you to see a minute by minute presentation of your energy use. These devices work by clipping onto the power cable coming into your home and transmitting a wireless signal to a display that shows precisely the amount of power being consumed. In studies conducted in the British Isles, households with energy monitors saved between 10 to 15% annually by instituting the simple and inexpensive device.

INSTALL A WIND GENERATOR

Did you know that you can actually purchase smaller versions of these massive power generators? The costs of a home wind generator vary greatly. Some have built their own wind generators with off-the-shelf parts from their local hardware stores. Others have purchased kits or paid for professional installation to supplement the power purchased from their local electrical grid. Many kit based generators will produce only enough power to offset 10-15% of your home energy costs.

With careful planning and wise material choices, you can design an eco-friendly home that’s not only gentler on the planet, but that will help you save on energy bills in the long run.

Interested in remodeling your home to sell or positioning your already green home to buyers? Consult with one of our agents today.

Top 10 Actions to Take During Your Deep Clean

Posted by Nestlewood Realty on April 19, 2019  /  in Blog, House Remodeling, Luxury Home, Selling Your Home, Uncategorized  /  Comments off

Spring has sprung! Now is the perfect time to deep clean your home.

Cleaning your home makes it feels fresher and more open. Whether you’re preparing for a sale or clearing the cobwebs of winter, this means going further than your regular tidying and making time to dive into the seldom-touched areas of your home. Here is a list of the top 10 actions to take during your deep clean: 

1. Hitting the Baseboards

You probably loathe dusting the baseboards of your home, but the immediate feeling of gratification makes it worth it. Simply take a soft towel, spray with your favorite all-purpose cleaner and wipe away the build-up of dust and dirt. This will leave your home sparkling and your wood moisturized for the coming months.

2. Dusting the Blinds

Blinds are an area of your home that get used a lot, but get little cleaning attention. Take your soft towel and your favorite all-purpose cleaner and wipe off the dust build-up on your blinds. If you have wood blinds, make sure to follow the manufacturer’s directions on how best to treat the wood.

3. Vacuuming Couch Cushions

This step can (and should!) be done more frequently than just during your Spring-cleaning. If you ever eat on your couch, like most people do, this is especially important. Take every cushion off your couch, vacuum the front and back of each and hit the couch base. This is also a great time to clean the floor under your couch. Pull the couch out so that you can get to the rest of the crumbs, forgotten pens, and cat toys!

4. Climbing Up to the Light Fixtures

Your light fixtures gather a lot of dust and pet hair. Grab a ladder or step stool and gently wipe down the fixtures. Depending on the materials of your fixture this can be done with a light cleaning spray or water and soap.

5. Washing Pet Toys

Pet beds and toys are often forgotten about when we clean. Depending on your pet’s bed and toys, you may even be able to throw them your washing machine. If you are not able to, use the hose on your vacuum to get the build-up of pet hair and dust/dirt that has accumulated. If your pet has especially fine hair (like cats!), use a brush to run through their beds.

6. Clearing the Vents

Air vents both on the floor and on your ceilings need a good wipe-down. They accumulate dirt and dust which is then put back into your home when they are pushing out heat and cool air! Use a comfortable and light duster, making sure that it has an extendable arm for those hard-to-reach places. You can also use your vacuum hose to get any loose dirt or animal hair that’s stuck in the vent.

7. Fine-tuning Windows and Doors

Like baseboard cleaning, wiping around windows and doors is tedious, but satisfying! You may need your step stool or ladder to reach these. The tops of doors and windows accumulate a lot of dust, especially if you open your windows during the day. Once again, take your soft towel and all-purpose cleaner and wipe down these areas. This is also an excellent time to get both sides of your doors, especially if they have carved out details that have built up dust accumulated.

8. Wiping Down Bookshelves

Since most people tend to dust around objects on shelves and bookcases during a “regular” clean, now is the time when you should take the items of your shelves and dust behind them. Often times you will find dust built up and pet hair behind your books and vases. Depending on the materials of your shelves, take your soft towel and light cleaning spray and wipe down the entire shelf, both the top and bottom sides.

9. Emptying the Cabinets

Similar to shelves, you probably aren’t able to get behind the items in your cabinets and wipe them down during a quick clean. This step will take a decent amount of time depending on the number of your kitchen cabinets, buffet cabinets, and media console cabinets. Take everything out of these cabinets and wipe down all four sides of the cabinet. (And get rid of the items you no longer use!) Make sure to finish by wiping down the front and back of cabinet doors.

10. Disinfecting Door Handles

Door handles and knobs are frequently overlooked during cleaning. Take the time to go around to all of your doors and wipe down the handles and knobs. You should do this on your hooks, railings, and cabinet knobs. Make sure you are using an appropriate spray for the materials of your knobs, hooks, and handles. This is also a good time to buff them so they look brand new once again! 

Of course, there are many other areas of your home that rarely see a deep cleaning, but we hope this list helps you get started and leaves your home feeling fresh and clean for summer!

Cleaning your home for an upcoming sale? Let one of our agents guide you through the process…

5 Tips for Moving with Pets

Posted by Nestlewood Realty on March 18, 2019  /  in Uncategorized  /  Comments off

If you think moving is stressful for your family, just imagine of how hard it is on your pets.

You have time to prepare yourself for the exciting chaos that is a move, but moving day for a pet is simply a sudden upheaval. Want to make the transition easy for the whole family? Follow these five tips for protecting your furry friends during the moving process.

Tip #1 Plan Ahead

Depending on where you’re moving, landlords or homeowners’ associations may have specific pet rules. Your pet may need specific vaccinations, medications or certificates depending on their policies. Ask your landlord, new neighbors, or local animal control facility what they allow and require.

If you’re moving across town, it’s likely the rules and regulations will be the same, but if you’re making a big move, you’ll need to check local laws in your new neighborhood. Find out if you need a new license, what the leash laws are, and whether or not there are breed bans in place.

Tip #2 Update Your Veterinarian + Information

A big move will require you to find a new vet. (Don’t wait until your dog gets injured or sick!) Your current vet may be able to make recommendations for colleagues he or she knows in your new area. It is recommended to set up an appointment as soon as you move in order to get established and to obtain a copy of all of your pet’s medical records to give to your new vet before you leave home.

Before you make move, have new identification tags with your new address and phone number made for your pet’s collar. If your pet has an identification microchip, remember to update your contact information with the electronic database. If you do not have a microchip in your pet, discuss the pros and cons with your pet

Tip #3 Prepare Your Pet

Cats, especially, are not big fans of change. You can help your cats (and skittish dogs) adjust to the moving process by bringing in moving boxes early, and by packing over a long period of time so that your pet thinks everything is normal. This will keep their stress level down.

During the actual moving day (where boxes and furniture are being moved), pets should be removed from the noise. Find a friend who wouldn’t mind pet-sitting or find a place like a dog or cat care center. If you must keep them with you, put them somewhere that’s locked away, like a quiet room with their food, water, bowls, and any other important supplies (that favorite squeaky toy!).

Unless your move is long distance or international, your pet will likely be traveling by car with you nearby. By driving them yourself, you can care for them and give them a sense of familiarity as they move. To prepare your pet for this trip, drive for short distances with your pet to get them used to the car ride.

If you are moving your pet by air, be sure to check rules and regulations far ahead of moving day (and to keep your pet’s special documentation at hand!).

Tip #4 Pet-Proof Your New Home

Once you get into your new place, you need to pet-proof immediately. Check your fence for places they may escape, and install gates and additional fencing as needed. Keep potentially harmful items packed away so your pet can’t get into them. After harm has been tucked away, take some time to create a familiar space for your pet using beds, crates, and toys they are acquainted with.

It will take some time for your pets to learn where they can and cannot be in and around your new house.  After moving day, don’t let pets roam through the neighborhood until they are acclimated. Instead, take them out on a leash to explore their new territory and show them how to get home.

Whether you’re going across town or across the country, your moving day checklist will include packing up your four-legged family members. Using these tips, you can make moving into your new home as stress-free as possible for everyone in your family.

If you’re preparing your home for the market, consult with one of our agents for ways you can make the home-selling process easier for you and your wallet.

When is the Best Time to Sell A Home

Posted by Nestlewood Realty on March 05, 2019  /  in Uncategorized  /  Comments off

No matter what leads you to put your home on the market, you probably want to sell your house fast and at top dollar. While it’s your property and you can choose to sell at any time of the year, there are a few seasons of selling that may be better for your stress levels and your bank account.

The condition of the market and the time of year are two of the most important factors to consider when preparing your home for market. Selling at the right time means you can sell your house quickly and at a high asking price, and your local agent can help you determine the best time to sell your home.

When you discuss home selling strategies with your realtor, they will likely suggest putting your house on the market during Summer season. If you peruse realty sites like Zillow and Trulia, you will find that the maximum numbers of listings are posted at the end of the Spring and the beginning of the Summer.

Early Summer is the time of year when school has ended and families with kids can get into a new home with enough time to register for classes the following year. Additionally, days are longer during this time of the year, giving more hours for buyers to devote to their house hunt. Plus, there’s optimum light in the evening for those buyers dropping by to view your home after they get out of work.

In Summer there is also the benefit of good weather conditions, allowing you to impress potential buyers with landscaping and curb appeal.

This is the time of the year when flowering plants blossom, grass is green and the outer attractions of your home can shine. In locations where snow can build several feet high, warmer months are especially important in the process. Zillow says that homes listed at this time of the year sell 2 weeks faster and fetch an extra $2500 for the owners.

It can be a good idea to research the month where the maximum numbers of homes in your area are typically sold. Then, plan to list your home 2-3 weeks before that month begins. For example, if most homes in your area are bought in May, you should list your house in mid-April. Putting your house on the market does not happen overnight, you’ll need to plan ahead.

While most realtors will tell you that late Spring and early Summer are the best times to sell your house, the whole process is largely dependent on the market.

There are plenty of locations where a home may sell exceptionally well in the Fall or Winter. Finances and the time and effort you put into the home-selling endeavor can also affect best the timing of your sale. If you can’t put energy into selling in the Spring, another season may be better. In the end, selling and buying a home is a different experience for each person and each market.

This year, mortgage rates are inching lower and lower which may mean Spring buying season will come sooner than usual.

Their Chief Economist explains, “Wages are growing on par with home prices for the first time in years, and with more inventory available, spring home sales should help the market begin to recover from the malaise of the last few months.” The National Association of REALTORS® reported  that more houses were on the market in January, rising to 1.59 million nationwide and at a 3.9-month supply at the current sales pace. (And our recent numbers match this trend!)

It is always prudent to consult your broker about the best time to sell. They can ease the stress of researching the market, as they will already be aware of its conditions, and ultimately earn you more from your sale.

Ready to chat about putting your home on the market? Give Nestlewood Realty a call today.

8 Questions You Should Ask Yourself Before Selling Your Home

Posted by Nestlewood Realty on February 20, 2019  /  in Uncategorized  /  Comments off
Selling a home can be either an exciting or a stressful time, depending on how much you have considered before deciding to sell. Before setting your heart on a move, be sure to consider the following questions that will help clarify whether or not selling at this time will benefit you based on your goals, expectations, and financial status.

1.) What do I hope to accomplish with the sale?

Before beginning to answer the remaining questions – you should first keep in mind why the idea to sell your home came to be. Are you relocating for work? Are you expanding your family and in search of more space? Do you desire lower payments or less maintenance? Identifying these goals will help you to examine the remaining questions with a more transparent lens and eventually determine whether or not selling your home at this time is right for you.

2.) How much do I owe on my primary mortgage?

Even though not every home sale results in a profit for the seller, you’ll generally want to make money through the deal. The first thing you should look at is the current estimated market value of your home. If the market value of your home is MORE than what you owe on your mortgage, you’re much more likely to see a favorable financial outcome when selling. If you owe MORE on your mortgage than your home is currently worth, you are taking more of a financial risk putting the home on the market.

3.) Have I taken out any home equity loans that have a current balance?

If in regards to question #2, you determined that your home is worth MORE than you currently owe on your mortgage – you’re in good shape. However, you also need to add any home equity loans that you have taken out against your home to your debt total before making this determination. You’ll be required by the loaning bank to repay both of these (primary mortgage and home equity loans) when you sell so take the time to get your home appraised and make this calculation carefully.

4.) Should I hire an agent?

Unless you are a real estate professional experienced in selling homes, it’s often best to leave the work of selling your home to a licensed agent. Not only will they work to sell your home for the highest price and in the shortest amount of time, but they will handle many legal aspects of the sale including offers and contracts, aspects that can make or break your home selling process.  Also, they will take away the home-showing stress as much as possible, market your home effectively, and assist you in determining the market value of your home and what you can expect to make on the sale.

5.) How much do I need to spend on home repair and improvements before selling my home?

If you choose to work with a real estate agent, they can recommend the most appropriate repairs and improvement. Homeowners often assume their home needs to be in pristine move-in ready condition before they can negotiate the price they want, but the value of some repairs and improvements impact the value of your home more significantly than others. You will want to work with your agent to determine which projects will be worth the investment in the end so you can prioritize them and allocate your money and resources as effectively as possible.

6.) Is the timing right to sell my home?

While the real estate market ebbs and flows on a longer term scale based on interest rates and buyer demand, there are also certain seasons and times of year where selling your home could have a more favorable outcome than others. Generally speaking, April, May, and June see a peak in home sales, but if you’re looking to sell outside of that window, don’t fret. Your agent will help you determine the best marketing tactics to use regardless of when you put your home on the market. For example, if you’re selling in the early fall season, buyers may want to be reminded how nice it will be to host winter holidays in their new space or ring in the New Year with a fresh start.

7.) Where will I be moving to?

Assuming you will be purchasing a new home as a part of the moving process, you will want to work especially closely with your realtor to determine the logistics of selling and purchasing a home simultaneously. If you are relocating to a new home in the same area, it should be relatively easy to both ready your home for showings and also attend open houses in search of your new space. However, if your move will require travel, you’ll want to work with your agent to determine a schedule for showings that coordinates with your search. Another aspect to consider is what your real estate agent should write into your contract to protect yourself as well as the sale. For example, will the purchase of your new home be contingent on the sale of your current home? Or, can you afford both mortgages should you find your new home before selling your current one? These questions will often impact the offer decision, so consider them carefully.

8.) What will I need to leave behind in the house after it’s sold?

To prevent any misunderstandings in the contract phase of your house, consider what you will leave behind in your current home for its new occupants. Sellers are expected to leave any fixtures, meaning anything physically attached to your home like landscaping, ceiling fans, and countertops. However, things like appliances, decor, and furniture are open for negotiation and may impact the price you can ask for your home. Be sure to determine early what you’re willing to part with so that if it comes up, you’re able to respond quickly and not delay an offer.

Hopefully, these questions have shed some light on the considerations that must be made before placing that “for sale” sign on the lawn and have given you a clearer picture of what you can expect from the home sale process.

Remember, everyone’s situation is unique. Working with an agent will help paint an even clearer picture based on your set of circumstances. If you’re ready to get your home on the market, contact one of the amazing listing agents at Nestlewood Realty.

 

4 Easy (And Cheap!) Ways to Improve Your Landscaping

Posted by Nestlewood Realty on February 10, 2019  /  in Blog, House Remodeling, Selling Your Home, Selling Your Home, Uncategorized  /  Comments off

Is your property looking drab during these winter months? It may be time to update your home’s landscaping!

Your landscape is more than just a way to increase the curb appeal of your home when you’re ready to sell. A welcoming landscape is a perfect way to turn your property into an inviting outdoor space for family and friends. Regardless of the motivation, there are several quick fixes that can be done in a weekend (or less!) to make your yard instantly more attractive, without breaking the bank.

1.) Power Clean

It may sound basic, but if you haven’t spruced up your yard in a bit, the first thing you need to do is clean. This means taking the time to rake, prune and pull as much as you can in your yard. Start with one area to tackle first– probably your front yard, and deep clean. Remove leaf debris from the ground, dead buds in your planters and trim neglected, overgrown bushes that have lost their shape. This also includes scrubbing or power washing your walkway and driveway.

Have a high-traffic area that’s constantly in need of cleaning? Consider adding walkways between doors and storage areas or from the driveway to the front porch, as needed.

2.) Use Ground Cover

When you imagine a lush front lawn, you likely don’t see the financial burden of keeping your grass green. Many homeowners deal with dry, patchy, and weeded lawns simply by re-sodding the yard, but this can cost several thousand dollars– especially if professionally installed. Grass also requires a hefty amount of water and may need fertilizer and weed treatments as well, all of which will significantly impact your bottom line.

To combat these costs, use an easy-maintenance ground cover like thyme, bishop’s weed or lamium over the sections you want to hide. Not only will you save money on ground cover, but the maintenance is also easier and less costly over time.

3.) Keep it Evergreen

If you live in an area where winter months mean sparse trees and brown plantlife, opt for evergreens. Your front yard will shine all year long if you fill it with a collection of evergreens like boxwood shrubs, holly, juniper, and spindle tree. Choose varieties with different shapes, colors, and textures to create a glowing garden with little effort (and replanting).

4.) Add Small Touches of Color and Fun

The simplest addition of small pots of flowers, whimsical decor, and water features or the use of rocks in your landscaping can add personality to your yard. Plant colorful flowers that you love and that will draw attention to your home. Consider adding a flower bed border (a simple stone edge and mulch to pretty up your flower bed) to clean up your curb appeal.

Remember, if you select annual flowers that die every year, you’re going to wind up spending a lot of cash on replanting. Instead, buy perennials like alstroemeria, catmint, and coreopsis that will return each year with just as beautiful colorful leaves and flowers.

Don’t be afraid to incorporate elements of your personal aesthetic into your landscape design to add to the comfort and warmth of your home, even if you plan on selling soon. Buyers will be happy to move to a property that’s been well groomed and taken care of.

Interested in preparing your property for a sale? Our diverse team is ready to meet your needs. Contact a Nestlewood agent today at [email protected] or by calling 704.302.4464.