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Trying to Sell Your Home As a Fixer Upper? Highlight These Key Areas to Attract Eager Buyers
By Peta-Gay
October 3, 2017

Are you going to sell your house soon? If it's a bit of a 'fixer-upper' – meaning that it's in need of some renovation work – you may find some challenges in marketing it to potential buyers. Reducing the listing price is one option available to you, but there are other ways to highlight this kind of home. Let's have a look at three key areas that you'll want to focus on when trying to sell a home in less than perfect condition.

Push The Customization Angle

First, try to keep in mind that most potential buyers who are on the market for a fixer-upper are likely to be interested in customizing the home. Be sure to highlight any key areas that are ripe for change. Is the décor in your kitchen a little dated? No problem – it's a chance for your buyer to build the kitchen they've always dreamed of. Is the basement unfinished? There's a perfect opportunity for a keen buyer to create a basement suite which they can then rent out to a new tenant. 

Highlight The Surrounding Community

It's a good idea to jot down a list of all the benefits of living in your community. How are the schools? Is the area well-served by public transit? Are there any amenities like a community center worth mentioning? Is the neighborhood considered family-friendly? What are the neighbors like? Are there hospitals or other medical services nearby? What about running trails, area hikes or dog parks? Many buyers care more about their quality of life than they do about the condition of the house itself. If the community is in better shape than your home, spend more time highlighting how great it is to live in the area.

Promote The Overall Property Or Land Value

Finally, don't overlook the value of the property that the house is sitting on. Buying real estate is a financial investment that will appreciate over time. While the house might get old and dated, the land will always retain value. Be sure to point out any positive land value trends to potential buyers.

These are just a few of the many ways that you can promote a fixer-upper home. For more information or to get your house on the market, contact our trusted professional real estate team. We're happy to assist.

About the Blogger - Peta-Gay Lewis, ABR®, CMR®, MRP®, PSA® is Founder & Principal of Property Locators, LLC™. She is a licensed Property Manager & REALTOR in DC, MD, and VA with Douglas Realty, LLC (8585 Fort Smallwood Road Pasadena, MD 21122). Her contact information is 202 683-0158 (c), 410 255-3690 (o) or agent@propertylocatorsllc.com

Selling Your Home? 3 Secrets to Getting the Best Price
By Peta-Gay
September 28, 2017

Are you ready to sell your home? Whether you're just starting to make your plans or you're ready to list now, you likely want to know how you can get top dollar. It's going to take more than just throwing up a high price on the listing and waiting for a buyer to show up with a check. With that in mind, here are three secrets to ensuring that when you sell your house or condo, you get the best possible price.

Great Staging Is Critical To Your Success

The first secret is that you'll really need to consider how you want to stage the outside and inside of your home. Staging your home is your best way to make a positive impression on potential buyers. Think about the difference in perception it makes arriving to view a beautiful, spotless and well-lit home compared with one that looks dirty or messy. Invest the time and money in staging your home and it will increase the value in the buyer's eyes.

Let A Professional Take Care Of The Heavy Lifting

It probably comes as no surprise that buyers who engage the assistance of a professional real estate agent end up selling for more than those who try to go it alone. A great selling agent will have their eyes and ears tuned to the local real estate market and will have insight into current selling trends. They can also research other recent home sales in your local community and can share which price is likely to attract the most offers. When it comes time to field offers, your agent will be able to help you understand how much you can counter-offer without scaring off the buyer.

Be Willing To Negotiate With The Right Buyer

Finally, to ensure you get the most you can out of your sale you'll need to remain open to negotiating with potential buyers. You may find that a great buyer needs some extra time to close their financing. Or that they're willing to bump up their asking price in exchange for you making some easy renovations before turning the keys over to them. The more you're willing to be flexible with your pricing and terms, the better your chances of securing a buyer that will give you a fair price for your home.

If you're thinking about selling your home, contact our professional real estate team. We're happy to share our insight and experience to help you with the selling process.

About the Blogger - Peta-Gay Lewis, ABR®, CMR®, MRP®, PSA® is Founder & Principal of Property Locators, LLC™. She is a licensed Property Manager & REALTOR in DC, MD, and VA with Douglas Realty, LLC (8585 Fort Smallwood Road Pasadena, MD 21122). Her contact information is 202 683-0158 (c), 410 255-3690 (o) or agent@propertylocatorsllc.com

Real Estate Negotiations: 3 Tricks That You Can Use to Ensure Yours Is the Winning Bid
By Peta-Gay
September 27, 2017

You've toured through several listings, attended all the open houses, and have found your potential new dream home. Now the hard part begins, especially if you're working against other buyers who are keen on getting the same home as you. Let's look at three tricks that you can use to make sure the bid you submit on a home is the one that wins.

Don't Start With A Lowball Offer

First, it's important to note that the offer itself needs to be a fair one. If you approach a home seller with a low offer, you'll likely discover that they're not too interested in accepting it. Even worse, if your offer is too low, you risk the seller feeling insulted. And that might prevent you from being able to counter with a higher price to be more competitive. Instead, consider bidding on the low end of a reasonable, fair price range as your starting bid. That way the seller knows that you're serious and is more willing to entertain the conversation.

Let A Real Estate Agent Handle It

If you want to make an offer that a seller can't refuse, you'll want to work with a real estate agent. An experienced agent that has helped dozens of buyers with the purchasing process will have critical knowledge that will be useful in making the right bid. Plus, if you end up receiving a counter-offer from the seller, an agent can assist you with understanding the terms and touching up your bid to get the deal done.

Keep Your Cool And Be Ready For The Counter

Speaking of counter-offers, you'll want to ensure that you keep an open mind when it comes to negotiating with the home seller. Unless your offer is close to or over the listing price, the seller is likely to counter your opening bid. This is normal and is a sign that they're interested, so from here it's your job to ensure that you sweeten the deal just enough that they're willing to close.

These are just a few of the ways that you can ensure that the bid you make on a home is the one the seller accepts. For more tips and insight into buying a house in our area, contact one of our trusted real estate agent today. We look forward to connecting!

About the Blogger - Peta-Gay Lewis, ABR®, CMR®, MRP®, PSA® is Founder & Principal of Property Locators, LLC™. She is a licensed Property Manager & REALTOR in DC, MD, and VA with Douglas Realty, LLC (8585 Fort Smallwood Road Pasadena, MD 21122). Her contact information is 202 683-0158 (c), 410 255-3690 (o) or agent@propertylocatorsllc.com

DIY Home Projects: Creating a Study Space That Will Help Your Children Stay Focused
By Peta-Gay
September 20, 2017

If you're a parent of school-aged children, you've likely been concerned with their study habits at some point. Sitting down in front of the television or at the dinner table to crack open the books is going to be less efficient than doing so in a quieter, more productive work space. Let's explore how to create a study space that will help keep your children focused and on task.

Ask The Kids What They Need To Be Productive

Before you get to work on creating a new studying space, it's a good idea to have a chat with those who will be using it most. Ask the children what kind of surroundings they feel would help to keep them productive. Younger kids may only need a small desk area but would appreciate more space in the room. Conversely, older children who are in high school are likely to need a lot of desk space for laptops, textbooks, and other studying materials. Starting the project out by asking what they need ensures that they get what they need out of the space.

Brighten Up The Room

Next, you'll want to focus on how the room is lit. A dark room isn't likely to be a positive studying environment. If possible, natural light sources should be used as much as possible. Studies indicate that sunlight is better at keeping individuals alert and focused than fluorescent or other types of home lighting. Also, consider adding some plants which can help to keep oxygen levels a bit higher in the room.

Note that you'll want to avoid making the room so bright that it's distracting. Plus, the sun can cause quite a bit of glare depending on how much outdoor exposure the room has. If there's already a lot of natural light, consider a set of curtains that can reduce or block out any glare to allow for a more comfortable learning environment.

Eliminate Any And All Distractions

Distractions – especially those which are useful for procrastinating – are the bane of any productive space. There should be no television, no video games and no other distracting elements in the study area. The only furnishings should be those used for studying.

A study room is an excellent addition to any home with school-aged children. If you're in the market for a new home – study spaces included – we can help. Contact our trusted real estate team at your convenience and we'll be happy to show you some local options.

About the Blogger - Peta-Gay Lewis, ABR®, CMR®, MRP®, PSA® is Founder & Principal of Property Locators, LLC™. She is a licensed Property Manager & REALTOR in DC, MD, and VA with Douglas Realty, LLC (8585 Fort Smallwood Road Pasadena, MD 21122). Her contact information is 202 683-0158 (c), 410 255-3690 (o) or agent@propertylocatorsllc.com

First Time Home Sellers: Do Not Miss These 4 Tips That Will Keep Your Sale Moving Smoothly
By Peta-Gay
September 14, 2017

Are you selling your home? If it's your first time going through a home sale, you've probably got a lot of questions about the process. In today's post, we'll share four tips that can help to keep your home sale moving along smoothly. Let's get started!

Tip #1: Enlist The Help Of A Professional

First, you'll want to ensure that you enlist the help of an experienced real estate agent. Selling a home is a significant financial transaction and the process can be especially daunting the first time. A professional agent with sales experience will be a major asset in having a stress-free sale. They'll know all the legal and other requirements to selling so you won't be buried in paperwork. Plus, they'll have insight into other local sales which can help with listing your home at a competitive price.

Tip #2: Focus On Your 'Curb Appeal'

As the saying goes: you never get a second chance to make a first impression. With that in mind, you'll want to ensure that you focus on how your home looks when a potential buyer shows up. If you feel the home could use it, a fresh coat of paint is an inexpensive upgrade that can give your home a new look and feel. Don't forget your lawn and other landscaping, which should look well-maintained. The last thing a buyer wants to see is a nasty jungle of uncut grass or dying flowers!

Tip #3: Don't Turn Down A Solid Offer

While you likely shouldn't jump on the very first offer you get for your home, you also won't want to pass up on a fair one either. It can be tough attracting a buyer, especially for larger, more expensive, or luxurious houses. If your agent advises you to accept a competitive offer, his or her advice is well worth considering.

Tip #4: Have Your Share Of The Paperwork Ready

Finally, it's worth having your share of the paperwork ready to go. There's a lot of documentation required to complete a home sale, and being unprepared is a guaranteed way to make the closing process take longer. Spend the time gathering what you need before you accept an offer and you'll enjoy a faster sale.

There you have it – four tips that will help to keep your home sale moving along smoothly! When you're ready to discuss selling your home, contact our professional real estate team. We're happy to share our guidance and experience to help you with your sale.

About the Blogger - Peta-Gay Lewis, ABR®, CMR®, MRP®, PSA® is Founder & Principal of Property Locators, LLC™. She is a licensed Property Manager & REALTOR in DC, MD, and VA with Douglas Realty, LLC (8585 Fort Smallwood Road Pasadena, MD 21122). Her contact information is 202 683-0158 (c), 410 255-3690 (o) or agent@propertylocatorsllc.com