Wendy Johnson - RE/MAX Professional Associates



Posted by Wendy Johnson on 4/28/2021

Photo by alvinmatt via Pixabay

What homeowner doesn’t want to maximize overall home value when the time comes to sell? In order to sell your house faster and for more money, it's important to have a firm understanding of the specific housing features that matter the most to prospective buyers.

Well-Established Property Value Boosters

If you’ve ever considered home renovations, you’ve probably heard that the biggest boons to overall resale value are updated bathrooms and kitchens. In order to set your house apart, however, you may want to go the extra distance in these rooms to make them truly special. A bathroom with a Jacuzzi tub or a walk-in closet, for example, may just make the final difference in the mind of a buyer who would otherwise remain on the fence bout a prospective purchase.

Other Buyer-Attracting Home Features

To borrow a word from HGTV.com, people are often looking for homes with an extra bit of “pizzazz” when it comes to making that final purchase agreement. This can mean the presence of existing architectural flourishes and unusual floor plans or more practical amenities such as ample garage storage space and a separate laundry room.

Here are just a few features that will make your home shine during your future open house:

The Backyard Patio

According to the independent financial authority Kiplinger, 87 percent of buyers are looking for a concrete patio surrounded by an attractive backyard.

The Playroom

Although this feature will be of value only to families with young children, the presence of a good playroom is often the deciding factor for prospective homebuyers.

Green Features

Whether you’re talking about solar panels, a highly efficient HVAC system, or double-paned Energy Star-qualified windows, homebuyers are increasingly looking for green building features to control their utility bills and help save the environment.

Ceiling Fans

Home improvements don’t have to be extensive or expensive to be effective. Kiplinger reports that 85 percent of prospective homebuyers are looking for one or more ceiling fans in their new home. Even with a full lighting kit and a remote control unit, a newly installed ceiling fan should set you back less than $500 in total.

Let Your Specific Goals and Restrictions Guide Your Way 

Before considering renovations to boost the value of your home, ask yourself exactly what you hope to gain from those renovations and exactly how much those renovations will cost. Depending on your budget and your level of ambition, you may opt for popular, value-boosting features that range from the installation/restoration of hardwood floors to the addition/improvement of exterior lighting fixtures.





Posted by Wendy Johnson on 7/29/2020

Image by Free-Photos from Pixabay

Whether it is a seller's market or you just have an appealing home, you could end up with multiple offers -- how can you decide which offer is best? Your agent is an excellent source of information and can help widdle through unqualified buyers, but if you still have to choose between multiple offers, here's what to consider. 

Understand fair market value: You should know what to expect and what a fair offer looks like -- your agent can help you discover what the fair market value is for your home. If there are any mitigating factors (you have been relocated at work or you need to move quickly) they could impact the decision-making process more than price.

Preapprovals in place: If you have multiple offers, the buyer with a preapproval in place has an edge. This signals that not only is the buyer interested in the home, but they are able to pay for it. It also indicates that the closing can move swiftly, since this key element is in place. A higher offer without preapproval could end up falling through if the buyer is unable to secure a mortgage. 

Payment method: In many cases, the type of mortgage the buyer is getting won't matter -- you'll get the funds at closing either way. If you are in a hurry, though, a cash buyer can move more swiftly than one with a conventional mortgage. Buyers using non-conventional mortgages like USDA loans may also encounter delays, as these can take more time to process. 

Timeline: What do the buyers propose as a closing date? Too soon and you'll have to rush to get your own things moved out -- and may end up under pressure to move. Too late and you'll feel like you are waiting forever and living between two homes -- your next, new home and the one you need to sell. 

Contingencies: A contingency for financing, appraisal or inspection is common, but too many contingencies or unusual requests could mean you're in for a problematic closing process. Consider any contingencies the buyer is demanding before deciding which offer is right for you to avoid surprises later in the process. 

Special requests: Are there any unusual requests, or does one buyer want more than others? A buyer who wants you to leave kitchen appliances is reasonable (and most expect these to convey). One who wants your heirloom furniture or outdoor equipment may be asking for more than you want to sell. You should be aware of and consider any special requests when you review offers for your home. 

Having to choose between more than one offer puts you in a great position, but it can still be nerve wracking. Working with an experienced seller's agent to vet the offers and determining which factors matter most to you can help you make the right decision for your home sale. 




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