Real Estate Information Archive

 A new paint color in your home  can do wonders for your mood and it can also do wonders for helping to sell your home.  Paint colors can change your mood from happy to sad to relaxed or even make you angry.  Why not do your part to make selling your home as easy as you possibly can by choosing the right paint colors.  Below are some color ideas to get you started in the right direction.

• Blue is a nice color for a home if you are looking for a peaceful feeling.  Many people choose to paint the walls in their bedroom blue so that they will be more able to get a good night’s sleep.  Some people like to paint a spa blue in their bathrooms to make it have a spa like feel.  You can’t go wrong with blue paint when it comes to getting your home ready to sell. 
   
• Another color that gives a good tranquil feeling to everyone who enters your home is green.  Green is associated with nature and nature is typically peaceful.  You can use green in almost any room of your house where you want to feel calm and peaceful.  Some folks use light green paint in their bathrooms while others use darker earth tone greens in their family rooms. 
   
• Yellow is a good color to paint in your home if you are interested in selling it because it makes folks feel happy and joyful.  What better feeling would you want your prospective buyers to feel than joy and happiness as they enter your home.  Typically yellows are used in hallways or large foyer areas.  It is best however to stick with soft yellow colors and not get too carried away by attempting such as a mustard yellow color.  Yellow paint done in the right way will appeal to most people. 
   
• Be careful with painting grey in your home if you are trying to sell it because sometimes although you may be going for a warm inviting feel you may end up with a cold harsh feel and that is not something you want your buyers to pick up on.  Grey done right can be very relaxing and inviting.  Perhaps talking with a paint expert at your local hardware store might be a good idea before using grey.
   
• Brown is a typical staple color in a lot of homes.  If you choose to paint beige which is a light form of brown in your home, you will likely find that it can be very warm and inviting to guests or potential buyers. 

I would suggest not using orange or red in your home as a new paint color if you are going to be putting your house on the market anytime soon.  These colors tend to make people feel anxious and or angry.  Painting your home in a few new colors is a perfect way to get it ready for a great showing!  Happy selling!

Information courtesy of New Castle County DE Realtor Tucker Robbins.

Selling your home can sometimes be a daunting task; however we are going to talk about a few ideas of how to make selling your home a little bit easier.    

1. One way to make your home stand out when you put in on the market is to stage it.  By this I mean make it look like a model home by taking down your family photos and adding a few decorations to match whatever season it may be at the time.
     
2. While your Realtor is showing your house, be sure to have a few candles lit and some relaxing music playing in the back ground for the potential buyer to enjoy.   Little things such as this will help to make a buyer much more at ease and to feel at home. 
    
3. Be sure to have the yard looking nice and neat when you have a potential buyer coming to tour your home.  If you have kids and they have toys or bikes in and around the yard, be sure to put them up where they will not be seen.  Keep in mind you want the potential buyer to be able to envision themselves living in the home and if there are too many reminders of you and your family they may have a hard time doing this. 
    
4. If you really want to make your potential buyer feel at home, leave a plate of warm cookies out for the showing.  Leave a little note out offering for the people touring your home to take one or two cookies and to enjoy them.  Your Realtor may have other ideas of what types of snacks you can leave out. 
    
5. Be sure to clean from top to bottom and to put away anything that may be lying around.  Do not leave laundry lying around.  Even clean laundry laying on the floor or bed can make a home look messy and uninviting.  Remember you want your potential buyer to feel calm and at ease when touring your home and we all know that laundry usually makes us feel anything but calm and at ease. 

Hopefully these tips will get you started in the right direction for selling your home without much hassle.  A good Realtor can go a long way towards selling your home but you can do your part to help out and make sure your home stands out above all the others.  You want your buyer to remember your house and it’s my guess if you make them feel comfortable and relaxed while there, they WILL be back!

I am often asked, “Should sellers fix up their home before selling?” First, let’s talk about the stuff any Realtor is going to tell you so you have context for the rest.

It is easier to sell a house that is attractive to buyers and shows as being well-maintained. That is a matter of doing a little fix-up, but mostly clean-up. Make sure pipes aren’t leaking, for instance. That is relatively easy and not expensive. If your home really needs painting consider doing that. These are not high priced issues. Below we are talking about the expensive items.

If your house has structural defects or other problems that are expensive to fix you have more challenging decisions to make. First, remember that every house has defects! That is simply the nature of a complex structure. Second, savvy buyers know to expect defects so don’t try to hide them. Don’t kid yourself that if a problem can’t be seen easily it won’t be found out.

Most buyers assume there are some problems with any house. If they make an offer that you accept they will pay for a professional home inspector who knows real estate. Good buyer inspectors are very thorough. They are being paid by the buyer and are looking out for the buyer’s interests, not yours. It is not unusual for an inspection report to be in excess of twenty pages…in small type! Being honest with yourself about defects will prepare you better when you are faced with that inspection report.

So, the question becomes “Do I fix the problems before going on the market, or do I make it clear that I am selling “as-is” and discount the price accordingly?” The obvious follow-up question is “If I spend the money before selling, will I get that money back in the final sale price?” The general answer is that it depends on the nature of the defect and magnitude of the likely cost of repair.

Potential buyers are most likely to overestimate the cost if they have to make the repair and under-estimate the cost if the seller is paying. Cost versus value then becomes a negotiation to establishing a final purchase/sale price. If the cost of repair is major, such as a septic system, it makes the most sense to repair it before selling.

The best way to go about making these decisions is to pay a professional home inspector in your real estate market to make an inspection on your behalf as the seller. Their report will give you a thorough list of issues you might be faced with. It will also give you the tool to get estimates from contractors to make the repairs. Then you have a sound basis for making decisions.

An added benefit to having your own inspection on hand is that you have a professional document that you can use when negotiating with a buyer. Be practical and be prepared with your own inspection.

Information courtesy of Wilmington Realtor Tucker Robbins.

If you have recently taken your house off the market and have decided to wait until a better time for you and your family to sell, you have come to the right place.  Here are a few ideas on how to make your house more enjoyable while you stay there.  If you are like most people, once you decide to put your house on the market you naturally start to go ahead and distance yourself from your current home.   This doesn’t have to be the case.  If you take your house off of the market for a while, you are going to want to enjoy the time you have left in your home and there are several ways in which you can do that.  

• Deep clean your home. This may not sound like fun and perhaps it may not be but it will be helpful for your mood while having to live there.  It is also a good idea to deep clean before you sell so that your prospective buyers will notice how clean everything is.  Start with the dirtiest room and move your way to the cleanest. 
• Change your paint colors.  If you have lived in your home for a long time, it is likely that you are tired of the colors that you stare at day in and day out.   Brighten your home up by adding a splash of light color such as a pretty pastel.  You don’t have to change the color in every room, just sprucing up the bathroom will likely make a huge difference. 
• Change your furniture around  and also the pictures on the wall.  You may be surprised at just how much of a difference this little bit of change can make towards helping you to be content in your home.  Again, you don’t have to rearrange every room, why not start out with the living room. 
• Bring some fresh flowers home after a long day at work and set them on the kitchen table.  I know for a fact that fresh flowers will put most any woman into a better frame of mind. 
• You could purchase a few things that you want to use in your new home and go ahead and use them in your current home while you are waiting to list your house back on the market.  A large piece of art should do the trick! 

Hopefully this blog has given you a few ideas of how to make the interim time of being between listings more enjoyable.  Remember also that anything you do to make your home nicer for yourself while you wait to sell it, will also make it nicer for the potential buyers that will be coming to look at your home. 

Information provided by Wilmington DE Realtor Tucker Robbins.

Most sellers have been advised to be aware of the importance of curb appeal in heightening the interest of potential buyers.  To that end, they keep the lawn mowed and bushes trimmed.  They also adorn the outside entrance way with colorful potted flowers, updated light fixtures and hardware, and a freshly-painted door—all invitations to potential buyers to go inside.

An effective selling strategy, of course, but the invitations and positive impressions need to continue when prospective buyers actually come into your home.  Be it large, small, or cleverly created, the interior entryway to your house serves as the transition from outdoors to indoors and can set the tone and expectations for the rest of the home.

Some tips to creating a welcoming and attractive foyer or hallway include the following:

• Use one piece of size-appropriate furniture to anchor the space (and possibly provide room for storage).  Think desk, chest, bookcase, etagere, bench, or comfortable chair, e.g.  Consider function as well as appearance.
   
• Stress neatness.  Not only does an entryway set the tone of a home, but it can also keep the rest of your home tidy.  Attaching attractive hooks or other hardware to the wall next to the doorway can be an excellent place to hang coats, purses, bags, and keys.  A coat rack and umbrella stand can also be useful items.
   
• Utilize color to introduce the style of your home and/or to make a statement.  Some designers recommend using bright (red) or dark (chocolate brown) hues to mask the dimensions of a small space.  Others favor neutral shades such as grey, ecru, or white to make the furnishings the central focus.  Still others promote the use of yellow to add light or shades of green to bring the outside in.
   
• Be aware of lighting and size proportion.  Include a table lamp or sconces—even a chandelier if the area warrants it.  The addition of a mirror helps to reflect light and expand the space.
   
• Utilize accessories tastefully.   Add a colorful area rug, a favorite painting or poster, and plants, perhaps even a ficus or palm tree if space permits. Display a few pieces from one of your collections.  Include a variety of textures, shapes, and colors in your selections.  Remember that fresh flowers, in addition to pleasantly scenting the foyer, always send a welcoming message.to would-be buyers of your home.

Information courtesy of New Castle County Realtor Tucker Robbins.

Not to be confused with homeowner’s insurance, which covers the structure and contents of your  home, a warranty service contract is designed to cover systems and appliances that stop working due to normal usage.  Basic coverage generally includes the repair and replacement of major appliances such as heating/cooling system, water heater, refrigerator, dishwasher, stove, etc.  Plumbing and electrical systems are also usually covered, and some companies include washer, drier, microwave, and roof maintenance in the basic tier.

Gaining in popularity with both buyers and sellers, warranty service contracts serve to reassure owners that they won’t face major repair/replacement costs.  Sellers use them to protect the home while it’s on the market and as an incentive to attract buyers.  Buyers rely on them to protect them from unexpected and expensive repairs.  Even Freddie Mac will offer a $500 home warranty credit to home buyers who purchase a qualified, foreclosed single-family home, townhouse, or condominium through their HomeSteps® division.

A warranty plan is fairly inexpensive, typically ranging from $250 to $400, depending on coverage. The policy is prepaid for a year in advance, at which time it expires or can be renewed.  The usual procedure for service needs is as follows:

• If a home system or appliance breaks or stops working, the home owner calls the home warranty company.
• The home warranty company calls a provider with which it has a business arrangement.
• The specific provider calls the home owner to make an appointment.
• The provider fixes the problem. If an appliance is malfunctioning and cannot be repaired, depending on contract coverage, the home warranty company will pay to replace and install the appliance.
• The home owner pays a small trade service fee (less than $100) for each service call.

Most home warranty companies offer a variety of plans, each providing different levels of coverage, so be sure to read the details of any contract before buying. If you choose to renew the contract from year-to-year, double-check the details of your plan each time since coverage can change annually.

According to the Service Contract Industry Council, 32 states require home warranty companies to register or obtain a license with that state's department of insurance and comply with applicable laws and financial standards. Membership lists are available at their website.

Information courtesy of Wilmington DE Real Estate Expert Tucker Robbins.

If you're looking to sell in today’s real estate market, you have most likely already read numerous articles advising you to set a realistic price, pay attention to curb appeal, thoroughly clean and de-clutter, remove large pieces of furniture, repaint in neutral colors, remove personal mementos, and the like.  All of this information is valid and useful, but there are other, less-publicized ways to appeal to potential buyers.  Read on for some creative tips on how to generate interest and get the best price possible.

1. Arrange for a pre-listing home inspection.  In addition to facilitating the sale of your home by reassuring potential buyers, an inspection helps you comply with full-disclosure real estate laws.  You can also have a termite inspection done.
    
2. Use online venues and your personal networks to market your house.  Put an ad on Craigslist, use sites like Zillow.com or Trulia.com, get your own URL with the house’s address, promote the house through social media like Facebook and Twitter, and send out a copy of your listing to people on your email list.  Sometimes word of mouth is one of the best ways to market a house.
    
3. Replace all brass fixtures.  Today’s buyers dislike this “cheap” look that may have been fashionable a couple of decades ago, but it has to go if it’s in your home today.  Switch out each light fixture, switch plate, door hinge, knob, and faucet with for ones with a modern oil-rubbed bronze or nickel finish.
    
4. Add power outlets with USB ports in rooms that lack them, especially in the kitchen, bathrooms, and bedrooms where they’re most needed.  Also, find a place for a wireless router for use with the Internet and flat-screen TVs.
    
5. Offer more unusual incentives.  Paying a buyer’s closing costs, taking care of HOA fees for the first year,  giving a “redecorating” credit, or providing a home warranty for a set time period have become almost expected perks, but you can consider landscaping services, personalized gift certificates (home supply store or a plant nursery, e.g.) or a flexible closing date.

• For equally effective, but more expensive buyer magnets, look into outfitting closets for extra storage (top contenders are an entry closet, a kitchen pantry, and a linen closet) or removing much-maligned “popcorn” ceilings.  Click here for DIY instructions or get estimates from a professional.

Information courtesy of New Castle County Realtor Tucker Robbins, Berkshire Hathaway HomeServices.

If your home is currently on the market, you may be tempted to take it off during the busy December holiday season that is currently upon us.  I would suggest that you leave your home on the market regardless of what time of year it is and do your best to make sure that it shows better than any of the other houses out there for sale.  Selling your home during the holidays  doesn’t have to be overwhelming.  Here are a few tips for selling your home during the busiest time of the year!

• Decorate your home like you have never decorated it before to make it stand out above all the other homes that are for sale during the holiday season.  You may not feel like doing this because you are most likely ready to move out and get on with your life, but if you take the time to make your home look beautiful for the holidays, it is most likely going to get the attention of several buyers that might not otherwise take a second look at your home.  Be sure to have a few showings during the evenings if your Realtor will agree so that you can show off your awesome light display.
   
• Have tea or hot cocoa waiting for your potential buyers when they walk through your door for a showing.  You may also want to have holiday music playing throughout your home as well.
   
• Offer some sort of small gift if your potential buyer is willing to purchase your home during the holiday season.  You can make this gift as small or as elaborate as you wish and may want to gear it towards your buyer’s personality.  Your Realtor will be able to help you know what your buyer likes and what kind of incentive will get their attention. 
   
• If anything in your home needs updating, you may want to go ahead and make these improvements,  However if you don’t have enough money in your pocket to take care of the holiday for your family and make the updates at the same time, you may want to take that into consideration when setting an asking price.  You don’t have to jump through hoops to sell your home, however you DO want to get the best price you possibly can, so weigh the pros and cons of going ahead and taking care of updating versus lowering your price and then figure out which one works best for you and your family. 

Don’t let the holidays overwhelm you and make you think that you can’t sell your home during this time of year.  There is no reason to take your home off the market in December.  All you need to do is bling out your home like a huge Christmas present and I am sure folks will take notice! 

Information courtesy of Wilmington Realtor Tucker Robbins.