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How to Price Your Home to Sell

by Maureen Cool

One of the biggest worries about selling your home is wondering if you priced it right. How do you know what to ask for your home so you can get a fair price and sell it quickly? Here are some tips on pricing your home to sell.

Look at the comps, which are the similar homes in your neighborhood that have sold recently. This will give you an idea where to start pricing. You can also visit any houses that are currently for sale, to see how they compare to yours.

Don’t rely strictly on square footage when you look at comps. You need to know details about how the home is laid out, what features are inside, and any upgrades to get an accurate idea of price.

In most cases, the person who buys your home is going to have a mortgage. That means that your home’s appraised value must be at least the sales price. Keep this in mind when you are setting your price, so you don’t price your home too high. If the appraisal comes in lower than the sales price, the buyer won’t be able to get a loan for that amount.

Your emotions need to stay out of the pricing process. The price of your home shouldn’t include how much you paid for the house, how much you enjoyed living there, or the fact that your kids grew up there. You’ll need to base your price strictly on what your house is worth today in your neighborhood.

Don’t overprice your home. Unless you are in a really hot market with very low inventory, you will just end up lowering the price on your house, which will send a signal to buyers that it was overpriced. Likewise, pricing your home under market value to encourage multiple bids can backfire, if there is a lot of inventory or homes are not selling fast in your area.

The most important step in pricing your home is to talk to your Realtor®. A qualified real estate professional knows what’s going on in your neighborhood and can advise you on the best pricing strategy for your home.

Are you ready to sell your home? If so, contact me today. I’ll give you a market analysis to determine the value of your home, so you can be sure to price it right for the local market.

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool  is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Photo courtesy ponsulak, FreeDigitalPhotos.net.

Buying a Home? Don’t be Surprised by These Extra Expenses

by Maureen Cool

When you buy a home, you expect to pay the purchase price. But purchasing a house has many other expenses that you may not expect. Many home buyers are surprised by expenses that come up during and after the purchase of a house.

Here are some of the additional expenses to expect when you buy a home. Take these expenses into account before you buy, so you won’t be surprised by them after you sign your purchase agreement.

Closing costs. You may be able to roll some of these into your mortgage or negotiate with the seller to pay some, but you will have to come up with some money when you close on your mortgage. You can expect to pay around 2% to 4% of the price of your home in closing costs, depending on where you live.

Taxes and insurance. Real estate taxes can add up to quite a bit per year, depending on your local tax rate. Since they are usually paid out of escrow with your mortgage, they will make your monthly payment higher than what you were initially expecting. You’ll also need to pay for homeowners insurance, as well as any additional insurance policies you may need for your area, such as flood and wind storm.

Homeowners association fees, condo fees, and utilities. HOA and condo fees are normally paid by your landlord when you rent, as are many utilities such as water and garbage. You will be responsible for them once you own your home. Be sure you have room in your monthly budget for these expenses.

These extra costs can add up, but don’t let them scare you off from buying your own home. As long as you budget for these added payments before you buy, you won’t have to worry about getting in over your head.

If you are ready to own your own home, contact me for an appointment. I’ll help you find a home you love within a budget you can afford.

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool  is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Photo courtesy Sufi Nawaz, Stock.XCHNG.

Low Budget Remodeling Projects Make a Big Impact in Your Home

by Maureen Cool

Home remodeling is an easy way to update a house you just bought, bring new life to your existing living space, or fix up your property before you sell.

If you’re not careful, professional home remodeling projects can cost tens of thousands of dollars. You don’t need to call in the professionals, though. There are many small projects you can do yourself that will add value to your home and make your house more livable, without breaking the bank. Here are a few ideas to update your home without spending a lot of money.

  • Make a big impact by painting the exterior of your house. If you do the work yourself, your only cost is the paint and a few brushes and tools. This is an easy way to spruce up your home from the outside and improve your curb appeal.
  • The kitchen is another place where you can spend thousands of dollars for complete remodel, or just a few dollars to brighten it up. Give your kitchen a facelift with new paint on the walls. Replace old appliances, and your kitchen will automatically look updated. You can also make a dramatic change in your cabinets by repainting them and replacing your hardware.
  • Increase your storage by installing closet organizers. You’ll not only make better use of your closet space, but the rest of your home will look larger when you can put everything away.
  • While you’re painting the exterior of your home and your kitchen, go ahead and paint the rest of the interior. Fresh paint will brighten your space and make your home look new.
  • Finish the job by taking care of your flooring. Professionally cleaning your carpets, or doing it yourself with a steam cleaner, will make them look new again. Wooden floors and tile can benefit from a deep cleaning, as well.

If you’re preparing to sell your house, you can tackle these easy and economical jobs around your home. Contact me today if you’re ready to put your home up for sale. I’ll help you determine the value of your home and advise you on the best remodeling jobs that will get you the best price for your house.

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool  is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Photo courtesy Felixco, Inc., FreeDigitalPhotos.net.

‘Tis the Season In Downtown Sebring

by Maureen Cool

I don’t know about you, it has been hard for me getting into the Christmas Spirit. I have not started my shopping, my home is half decorated, and it has been hot, hot, hot like in the 80’s so far this month. Last night we finally had a little cold weather where I actually needed blanket for the soccer game. I am sure my friends up north are thinking what am I complaining about with beautiful 80’s, blue skies, shorts and flip flops when about 65% of the country is covered in snow!

I am planning to get into the spirit with The Holiday Sip and Shop in downtown Sebring. It is a great opportunity for family time. The kids can be occupied by enjoying all the beautiful lights on the Circle and giving their wish list to Santa. You can enjoy a great dinner at one of my favorite places either Rancheros or the Garden Café or even make your own Christmas gifts at Making Masterpieces! Don’t forget to purchase your holiday tumbler so you can do a little sipping while you stroll! Have fun and Happy Holiday!

This Friday Night in Downtown Sebring

December 13th from 5pm until 8pm

Holiday Sip and Shop

Enjoy Holiday beverages, egg-nog, cider, etc. at participating merchants

Join the Christmas Carolers from Unity and stroll Downtown Sebring

Pick up your tumbler at Linda's Books

203 North Ridgewood

863-382-2649

$15 per tumbler, or 2 for $20

Avoid These Major Home Buying Mistakes

by Maureen Cool

Right now, it’s a great time to buy a home. Properties are priced affordably, and interest rates are historically low. That doesn’t mean that you can go out and buy without thinking. You still need to do your homework and proceed with a plan.

After all, buying a home is likely the largest purchase you will ever make. Make sure you do it right by avoiding these major home buying mistakes.

Buying more house than you can afford. Spending more than you planned on a home may seem like no big deal, especially when you spread it out over a 30 year mortgage. Over time, however, those extra dollars each month can put a strain on your finances. Get preapproved for a mortgage so you know exactly how much you can spend, and stick with that figure.

Not having an emergency fund. Remember, once you own your home, you have to pay for anything that needs to be fixed. With any house, there will be expenses that you didn’t budget for. Make sure you have an emergency stash of cash to help you get through unexpected repairs.

Not getting an inspection before you buy. You’ve looked over the house thoroughly, and so have your in-laws, and all your friends. However, there still could be hidden surprises waiting for you. A crumbling foundation, bad electrical wiring, or hidden roof damage are among the things likely to be spotted by an inspector’s trained eye.

Not thinking about resale value. Remember that you will probably sell your home at some point. Choose a home based on what you want, and also consider what other buyers are looking for. Look for desirable neighborhoods, schools, and other amenities so your house will hold its value.

Trying to do it yourself. Buying real estate is a complicated process. You need a professional to help guide you through buying your home. That’s where your Realtor® comes in. It just makes sense to have someone who is an expert to help you out.

Don’t just stumble blindly through the home buying process. Take care to avoid these mistakes, and you’re more likely to end up buying your dream home, instead of getting stuck with a nightmare.

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

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Maureen Cool  is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Image courtesy of Luiz Fernando Pilz, Stock.XCHNG.

How Do You Qualify for a Conventional Loan After a Recent Short Sale?

by Maureen Cool

Many homebuyers may think they are out of the market to purchase a home due to a recent short sale, but this short video tip will explain how it can be possible when following the guidelines set forth by Fannie Mae. Read more...

Don’t forget to take advantage of our Free 2nd Opinion Service. This is a great resource for both existing pre-qualifications or on a current transaction experiencing financing hurdles. Stay tuned for next week's video quick tip...

Article courtesy of:

Sean Stephens
Metroplex Mortgage Services, Inc.

Email:  SeanS@MPLX.org
8622 North Himes Avenue Tampa, Florida 33614
Toll Free: (800)806-9836  - USDALoanPro
Alabama, Florida, Tennessee NMLS: #185264
Texas NMLS: #356690

5 Rookie Mistakes to Avoid when Selling Your Home

by Maureen Cool

The last thing you want to do when selling your home is shoot yourself in the foot. Yet that’s exactly what can happen if you make one of these mistakes when selling your home.

Why? Today’s buyers are typically knowledgeable, looking for an easy sale and move-in ready homes. When they find any of these five mistakes in homes on the market, they could make low-ball offers, or worse, ignore you.

  1. Trying to sell your home “as is.” Make all necessary repairs to your home, and take care of basic items like a fresh coat of paint and clean carpets. Pay attention to the exterior of your home, as well. Even little details, like pet odors, can affect buyers’ interest in your home. Sometimes conditions dictate an “as is” sale such as foreclosures, short sales or estates.  Even then, there is clear benefit to sellers who attend to issues in advance of marketing.
  2. Skimping on marketing. You can’t attract quality buyers without investing in good photos, videos and a web page. Do what it takes to get your home in front of as many interested buyers as possible. Wide exposure is an absolute essential.
  3. Waiting until you are desperate to move to put your house up for sale. If you are too eager to sell, buyers may sense it, and you may feel compelled to take the first low offer that comes along. Instead, take the time to prepare your home for sale in advance of marketing it and list your home for sale at a realistic price when you are not pressured for time.
  4. Pricing your home too high, and then dropping the price a little at a time. Pricing your home significantly above market value shows you aren’t aware of your home’s value. If you decide to drop your price, make it a significant cut to attract attention. Dropping your price by a little at a time can make it look like you aren’t serious about selling.
  5. Selling your home yourself. This is a serious mistake when you don’t know what you’re doing. More times than not, unrepresented owners price their home incorrectly, market it ineffectively and it then sits on the market for months. Statistics clearly show that homes with the shortest market time have a substantially higher listing price to selling price ratio than homes which languish on the market.

One of the easiest ways to avoid these mistakes is to hire a professional Realtor® at the outset and you’ll likely sell faster, get a better price for your home and walk away with more dollars in your pocket even after commissions are paid.

Whether you’re selling your home, need expert advice on how to set the best possible price or market it for a quick sale, I’d be happy to discuss this with you during a no-obligation consultation. Contact me at any time to begin the process today.

Maureen Cool, CRS
RE/MAX Realty Plus

www.TheCoolTeam.com
Maureen@ACoolRealtor.com

Let’s Connect!

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Maureen Cool  is your ultimate real estate resource for Sebring, Avon Park and Lake Placid and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.

Photo courtesy Gary, Stock.XCHNG.

Displaying blog entries 1-7 of 7

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Photo of Maureen Cool, CRS, CIPS, RSPS Real Estate
Maureen Cool, CRS, CIPS, RSPS
RE/MAX Realty Plus
809 US 27 South
Sebring FL 33870
863-873-7243
Fax: 863-385-5897

Maureen Cool * RE/MAX Realty Plus
809 US 27 South, Sebring, Florida 33870
Office: 863-385-0077 X215
Direct: 863-873-7243
Fax: 863-385-5897

 
           


 

Maureen Cool of RE/MAX Realty Plus offers real estate services to buyers, sellers, relocation's in the Highlands County real estate area.

Including Polk County, Hardee County, Okeechobee County, Desota County and Glades County.


Whether you are looking for luxury, investment, second home, commercial, bank owned, foreclosures properties Maureen Cool and The Cool Team are your real estate professionals for the entire Central Florida area.
 

Maureen Cool is your Luxury Home Expert in Highlands County. 
She can assist you with your Sebring, Avon Park and Lake Placid real estate needs. 

 

 

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