Source: www.bizjournals.com (Phil W. Hudson)
Source: thebalance.com (Elizabeth Weintraub)
People say the best days to own a boat are the day you buy the boat, and the day you sell it. That’s not true when it comes to home ownership (unless, perhaps, you live on a boat). The best days in home ownership are when you buy a home and all the years you spend living there.
Lots of home owners cry when they sell, though. That’s because sellers have developed relationships with their homes, and have built treasured memories there.
Source: Realtor.com (Michele Lerner)
If you’re a prospective home seller, here are five things you can do now to get ready for a spring sale.
It may sound crazy to start packing months in advance of your move, but since you’ll eventually need to do this anyway, you might as well get organized now. We’re not suggesting you pack up your kitchen and eat off paper plates, but you can sort through your storage closets, attic, basement or garage to determine what you want to keep, what to give away and what to sell. Boxing up items will make your space look larger and neater when it’s time to show your home. You can also get an idea of whether you need to rent a storage facility while your home is on the market.
Clear away the clutter
Source: Market Watch (Holden Lewis)
The housing picture is likely to improve in 2018:
- Home prices are expected to climb, but not as fast
- More houses could be for sale toward the end of the year, giving home buyers a greater selection to choose from
- Homeowners will have more equity to borrow from
Source: Realtor.com (Angela Colley)
It’s difficult to put a dollar value on your curb appeal. No one can quite agree on exactly what you’ll get for slaving away in the front yard a few weekends before you put your home up for sale.
Some estimates claim that a well-landscaped lawn could increase the value of your home by 5% to 20%. But other return on investment estimates are even larger—anywhere from 100% to even a whopping 1,000%. Whoa!
Doesn’t it make you want to break out the gardening gloves and hop to it? Good! Because if you skip bumping up your curb appeal before putting your home on the market, the only person who shows up to your open house might be your real estate agent.
Source: Realtor.com (Angela Colley)
One of the most common conditions that can slow down a real estate transaction is known as a lien. So what exactly is a lien? In general, it’s a legal notice that’s put on file as a consequence of an unpaid debt. When creditors want you to know they mean business, they may choose to take legal action by placing a lien on your biggest asset, your home.
A lien, or debt, can feel like a huge black spot on your record, but there’s no need to panic. In the real estate world, they’re much more common than most buyers and sellers realize. Read on for your must-know guide to resolving the issue and moving forward with the sale.
What is a lien?
Source: Realtor.com (Clare Trapasso)
A lack of homes on the market coupled with soaring real estate prices is leading more homeowners to make the most of their current abodes, particularly the kitchens. And why not? It’s often less stressful, and sometimes even more cost-effective, than getting baited into a bidding war over one of the few good properties for sale.
About 10.2 million households, or a little less than 10% of all American households, had kitchen remodeling or replacement work done in 2015, according to a recent report from the National Kitchen & Bath Association. About half, 48%, of what they spent on kitchen remodeling projects went toward new cabinets and appliances.
Source: Realtor.com (Holly Amaya)
Let’s get real: Moving is stressful. And when you’re busy finding a new place to live, selling your current home, and then packing up your entire life, selecting the crew who will move your stuff is likely last on your to-do list. That’s ironic, because you’ll be entrusting them with all your life’s possessions.
Even if you manage to hook up with The Most Amazing Moving Company Ever, we can’t promise bad stuff won’t happen. But you can prevent some unnecessary duress if you have the right team in place. The process starts by schooling yourself in what not to do. Read on for the top mistakes people make when hiring a mover.
1. Waiting too long
Source: Realtor.com (Margaret Heidenry)
Termites eat 24/7, and if they’re in your walls or foundation, your home is basically the insects’ all-you-can-eat buffet. Of course, there’s no such thing as a free lunch—that banquet comes at a major cost to homeowners. According to the entomology department at the University of Kentucky, termites cause billions of dollars in damage a year. The worst part is, you usually don’t know they’re eating your home until it’s too late, leaving you to wonder—does homeowners insurance cover termite damage? (Spoiler alert: You won’t like the answer.)
Termite damage and home insurance
“Homeowners insurance does not cover damage from insects, whether it’s from termites, bed bugs, or another infestation,” says Stacey A. Giulianti, a lawyer in Boca Raton, FL. In general, that’s because homeowners insurance doesn’t cover any damage to a property that is “preventable.”