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Monthly Archives: October 2016

Information of Seller Checklist

Check the major systems.

After size, style and location, a home buyer’s primary concern is the condition of the basic structure and major electro-mechanical systems. Most buyers do not want to invest a great deal of money correcting problems in such critical areas. A thorough investigation of the following major items should be made in order to determine if they are serviceable:

  • Roof structure and covering
  • Foundation, basement, and/or crawl space
  • Central heating and air conditioning systems
  • Electrical system
  • Plumbing system
  • Make maintenance improvements.

The maintenance improvements listed below are relatively easy and inexpensive to make, yet they can substantially improve a home’s appearance, efficiency and comfort.

  • Trim trees and shrubs which touch or overhang the house.
  • Apply new caulking and weather stripping as needed around windows and doors.
  • Clean gutters of debris and leaves, repair or replace cracked or broken gutters, downspouts and extensions to ensure proper drainage
  • Replace bathroom caulk or grout where necessary to prevent seepage and improve appearance.
  • Ventilate closed basements and crawl spaces, or install a dehumidifier to prevent excessive.
  • Regrade soil around the house to prevent ponding of water next to the foundation
  • Replace dirty filters in the heating and ventilating systems
  • Have the heating, ventilating and air-conditioning systems professionally serviced
  • Have chimneys professionally cleaned & inspected, and install chimney hoods and caps as required. For wood-burning installations insist on a WETT Certified Technician.

Pay attention to details.

Fixing even minor items can go a long way toward improving that important first impression of your home. Here are some improvements which you might consider:

  • Repair leaky faucets
  • Tighten loose door knobs
  • Replace damaged screens
  • Replace broken panes of glass – cloudy sealed-pane units can often be replaced inexpensively, and will drastically improve the appearance of a window or patio door.
  • Replace burned-out light bulbs, and wherever possible, replace broken light fixtures
  • Secure loose railings
  • Patch small holes in walls and ceilings and repaint
  • Repair or replace faded or peeling wallpaper
  • Repair and coat the driveway
  • Take safety precautions.

Pay attention to items relating to protecting the home and its occupants from danger. The following are important safety precaution which home buyers will appreciate, are relatively easy to implement and shouldn’t cost a lot. And they’ll create a great impression!

  • Install good quality smoke and CO detectors
  • Ensure adequate outdoor lighting, especially in suburban and rural locales
  • Install GFCI outlets outdoors and in wet locations such a bath & laundry areas.
  • Keep the stairwells tidy and free of debris and obstructions, and leave plenty of clearance around the garage door, electrical panel and furnace.
  • Keep flammables and combustibles away from the furnace and other utility areas.
  • If you have direct entry from the garage to the interior of the home, install a hydraulic or other form of auto-closure device on the door.
  • Check the down tension on garage door openers, and ensure that the door reverses without an excessive amount of pressure.

Make cosmetic improvements.

An attractive, clean and tidy appearance will enhance your home’s appeal. In addition to making any necessary repairs, remember to:

  • Keep the lawn mowed and the house ‘picked-up’
  • Clean the exterior walls & trim, and wash the windows squeaky clean.
  • Open the shades and curtains to create a bright, inviting atmosphere.
  • Pay particular attention to the cleanliness and comfort of the kitchen and bathrooms.
  • Prepare for the buyer’s inspection.

More and more purchasers are requesting pre-purchase inspections. It’s a good idea to assemble in advance, the various house records that can be used to answer questions from the purchaser and their inspector.

You should try to have on hand:

  • Appliance receipts, service records and warranties
  • Information on the age of major components such as the roof coverings, furnace, air-conditioner, etc.
  • Major component warranties (e.g. roofing, siding, windows, carpeting furnace and other appliances
  • Heating, water and electric bills from at least the past 12 months

How did your house make out?

Hopefully, this home seller’s checklist has helped you gain a clearer knowledge of your home’s overall condition – from a buyer’s perspective. Now you can make repairs or improvements will will increase your home’s marketability. And remember, you ARE marketing your house – you probably wouldn’t try to sell your car without making it clean and ready. It just makes good sense! Of course, even if your house is already in optimum condition, a professional home inspection can also be a good marketing tool. Just leave a copy of the report on the kitchen table for agents and purchasers to read.

Rental Property Management

Why should I hire the services of the rental property management organization to look after my property given on rent? It would be the first question from every landlord who has given his property on rent, if you ask them to use the services of any such group existing in your city. You will agree that when a person lets his house or any part of his house for rent, his main goal is to earn profits from it to enjoy a better life and make payment of his various bills.

Giving a house on rent is one of the oldest practices carried across the world. If there are any used parts at home, people give it on rent to earn extra income from that part. To a certain extent, this practice seems possible to earn more income in short span of time without investing a single penny from the pocket. But, when a person has a huge amount of properties under his possession and he has given all of them on rent, then looking after all those properties at the same time could be complicated for him, until unless he has enough time to look after them or has someone to take the care of those properties in his absence. However, for that it is imperative that either you or the other person taking care of your property should have proper knowledge of handling the property given on rent.

This is mainly because of lots of legal formalities associated with it, moreover, there are certain conditions where being a landlord you have to sort out any issue arising from your property to your tenant. Let us, for instance, say, while giving your house on rent you told your tenant that the house is equipped with an electrical converter to lighten the house during the power cut. But, during power cuts if that electrical converter did not work, then at that time it is obvious that your tenant will call you and complain about that issue. In such situation if he is residing in your house then it will be easier for you to rectify his problem, but if your rented house is quite away from your residence, at that time going out of home to solve the issue of an electrical converter will be laborious and irritating for you. Therefore, to cope with all these issues it will be better for you to acquire the service, property management group to look after all such complicated issues.

The above mentioned illustration of an electrical converter is just an example to understand the relevance of the services offered by a property management group. There is a plethora of services offered by the expert working in these groups. These experts are well-versed with all legal activities which are expected to be performed by the landlord. Do you know, that before allowing someone to live in your house as a tenant it is imperatively expected from the landlord to cross check the background of your prospective tenant? May be your answer is yes, but do you know what to do if your tenant makes excuses in paying the rent on time, or starts making improper use of your prospective tenant. Hiring the services of experts working in property groups will help in overcoming all these problems.

Ways to Market Home

1. Property portals allow the seller to post descriptions about the property. Generally, there is no limitation on the number of words that can be used. However, it is beneficial not to go overboard and write lengthy descriptions. You should write brief, precise description of the property. This is because the prospects lose interest in lengthy descriptions and may opt to read about a different property.

What should you include in the description of the house?

• Location of the house
• Number of bedrooms
• Number of bathrooms
• Square-foot area
• Highlights such as the type of flooring, if kitchen sinks are made of steel or any other features, etc.
• You should also highlight if public transportation system is close-by.
• It is also beneficial to mention nearby malls, schools, etc.
The description should be worded such that the seekers can easily find relevant information.

2. You can post a number of pictures on the website. You should take care to capture attractive images with a proper lighting of the home. You could also consider home-staging before taking the photographs. Photographs should be taken from vantage points so as to make the home look spacious.

3. Online listing offers you the opportunity to post a virtual tour of the property. This enables the seeker to get a fair idea about the house. Before you record the video you should ensure that the home looks attractive. For this, it is essential to de-clutter and organise the house. Home-staging also helps in enhancing the appeal of the home.

4. Although the trend is for buyers to search properties online, it helps to advertise in the newspaper also.

5. You can also distribute e-flyers.

6. You can put up ‘Home for Sale’ boards in your yard.

7. You can send direct mails to neighbours, agents of buyers and to buyers in other locations.

Home Is Not Selling

Solutions to help homes sell faster

• Home staging-this is the solution for a home not selling because of its interior looks. Hiring a professional home stager knows how to get rid of the clutter. They have the knowledge to arrange the furnishings to make the best of the space available. One example is the seller has turned the dining room into an office, which works fine for your family but the buyer wants to see that there is space for a dining room when they look at your home. The professional home stager would help the seller turn the room back into what it was originally intended to be used as.

• Helping the potential buyers picture themselves living in the home-if a buyer walks into your home and cannot picture themselves living there because of all your knick-knacks, family pictures, and other personal homes they will check out other homes for sale. Before you start to show your home to potential buyers, you should pack away your family photos and personal items and put them in storage. Scale down the amount of furniture in the rooms to just the basic pieces. Doing these simple things can help a potential buyers walk into your home and imagine themselves living there.

• Sprucing up the home-this can include painting your walls in neutral colors and not bright odd colors. This will help a buyer imagine what colors they want to paint the walls if they are done in a neutral color like eggshell or off white. Make sure that your floors are clean and if you have pets, the carpets are clean and have no pet odors.