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The housing market is ready, are you?

The Housing Market is Ready, Are You?

by SellingYourOwnHouseNow on April 30, 2012

There’s an interesting phenomena in the housing market right now – FSBO homes are poised to be a leading driver for home sales.  Why?  Because there are 2 major forces coming together, and as they meet, they compliment each other to push the for sale by owner model of selling much better than the traditional home sales structure. The first force is that people are making more than they are spending.
U.S. household income rose in March by the most in three months but consumers socked away part of the extra cash and only modestly increased spending
This means that consumers (or the people who want to buy your house) are saving, and not spending their expendable cash.   They are stocking this cash away for a rainy day, or the right opportunity – the opportunity to get a deal, or feel like they got a deal.  How do you know it’s a deal they’re looking for, and the deal is on a home?  This is the second force we can look at.  Sales of homes are rising, a full 4.1% in March, and the interesting thing is that this increase is not on new homes
More buyers signed contracts to buy existing homes in March than the previous month, according to a monthly survey just released by the National Association of Realtors. “The housing market has clearly turned the corner,” said NAR chief economist Lawrence Yun in a release. “Rising sales are bringing down inventory and creating much more balanced conditions around the country…
The best part is this is that these are existing homes – not new ones. People are looking for a deal.  whey they see they can work directly with the seller in a for sale by owner situation, they think they can get a deal.  So, what can you do?  If you have a house and are thinking of selling or even ready to sell, now is the time to use a trusted FSBO program that gets your house on the market now. No reason to lose out on capitalizing on this real estate opportunity, but you need to act.  The first thing you need to do is get on a program that walks you through the process step by step along the way.  By following a process, you can make the appropriate changes to get top dollar out of your house.  People may be looking for a deal, but will pay for the right property – so make your property the “right property”!  Once you have emotion on your side, the money will follow. The iron is hot, will you strike?
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Take advantage of the weather

Take Advantage of the Weather!

by SellingYourOwnHouseNow on April 5, 2012

This year has been a unseasonably warm already and in a vast majority of the country, homeowners are already thinking about the springtime repairs and cleaning projects.  I recommend whether you are planning to sell your house FSBO or not, that twice a year, a homeowner should take the time to do a full walk through inspect their house to catch any problems before they start.  With a good mild spring upon us, now is the time to take advantage of the great weather and before the heavy rains start.  By doing the inspection now, you can catch small problems before they become big problems and as an added bonus, you may have a hefty tax-refund check in your bank account that will make affording any home repairs easier. The best part, is if you are planning on selling your own house – you can take care of the items on this list while the weather is favorable, so your house can be ready for the sale.

When thinking about your spring projects, there are some that should take top priority.  Focus on the items that are general maintenance or safety issues.  Once you’re good there, move on to weather preparation.  You know it’s going to rain and storm – why not prepare now?  I’ve put together a top 6 things you should be looking at this spring – It’s not an exhaustive list but should keep you busy in the weeks ahead.

1. Clean and repair gutters

When your gutters aren’t doing their job right, water will seep into the home’s walls and foundation,  making for costly repair bills.  Look around for areas where water will pool near the foundation and consider bringing in some dirt providing drainage for the area.  If you can do it yourself, it’s about a weekend worth of work.  If you need to pay a handyman, you’re looking at no more than $100 to $150 for an average home. Prevention in this case is MUCH cheaper than fixing the water damage from not thinking ahead.

2. Check the roof

Call in a professional and have a roof inspection done.  After a long winter, having an inspection prior to spring showers can ensure issues are caught early.  Broken shingles, poor calking or damaged flashing can be caught and fixed before moisture has a chance to get in. In addition, an inspection might reveal it’s time to replace the roof. For areas that get a lot of hail, impact-resistant roofing is an option and may even earn you a discount on home insurance.

If you’re afraid of the cost, checking it out won’t break the bank.  At a maximum, it may cost a couple hundred dollars for a check and minor repairs as long as you use a reputable company for the inspection, it’s well worth the cost.

3. Clean out vents

Have you ever cleaned your soffit vents?  Did you know they can get clogged with dust and other debris? Take a moment, climb up and blow them out with a small can of compressed air or a shop vacuum.  This little bit of effort will ensure your attic is properly ventilated and your heating and cooling is running at maximum efficiency.

4. Clean and service your air conditioner

Take your garden hose and clean and give your AC unit outside a good rinse down.  Get the dust and grime out of the air fins and call up a professional to service the system.  This small act will ensure it’s running efficiently when you need to kick it on when things get hot this summer. When you put your house on the market FSBO and have walkthroughs – you want your house to be just the right temperature and not have your potential buyers wondering why the air conditioner is laboring in the heat!

5) Calking and Weatherproofing

One of the most missed items on a house is making sure the caulking is in good condition around your doors and windows. This is a great task if you plan on selling your own house now – grab a good tube of calking, a ladder and a couple hours to go over every crack, joint and gap in your house. This is perfect for sealing up any spots where water or insects could take foothold.

6. Prepare for bad weather

Now is the time to brace yourself and your house for the storms coming in the months ahead. Proactive improvements now will have a significant impact on the amount of damage your home may sustain and  improve the safety of your family.  If you are in an area that has frequent damaging winds, you might consider installing a reinforced garage door or retrofitting an existing one.  Most people don’t realize that the garage door is one of your house’s weakest points.  In high winds, the garage door can come loose, blow it in and pressurize the interior of the home – potentially lifting the roof right off!

Other proactive measures you may consider include installing storm shutters in hurricane-prone areas and a generator in places where homes tend to lose electricity for stretches of time.  As you make these upgrades, make sure to ask your insurance company about any potential discounts.  Discounts vary state to state, but hey, the worst they can say is no!

Image: jthetzel
The Magic of Words

The Magic of Words

by SellingYourOwnHouseNow on April 4, 2012

Words are funny, sometimes you mean to say one thing but your choice of words portrays a very different message.  When you’re chatting with your friends, it’s good for a chuckle but mince words with your boss and it can get you in trouble.  When selling your own house, it can cost you thousands of dollars on your sales price or even cost you a sale! There is a great article over on Hubpages that covers words that sell and words that fail.  The article is worth a read and even has a nice checklist of words for each category.  Now how, do you ask, do they know what sells and what doesn’t?  Believe it or not there have been scientific studies on the phrasing of real estate advertisements and the effect of that phrasing on sales price and time on the market for homes.  It’s pretty incredible they have gone through the research and the best part is they are sharing it for everyone who is selling their own house can profit from.

I cover writing your advertisement is the program but I thought the article had one magic word  that made all the difference

One of the words that can put more money in your pocket is “beautiful“. The study showed that using the word beautiful scored an additional 5% in the resulting sales price. That works out to $15,000 on a $300,000 house. I don’t know about you, but my house is beautiful!

One word, used in your marketing that can generate a 5% sales price increase to me is just incredible!  Any words you’ve seen success with – let me know in the comments?

Is FSBO for me?

by SellingYourOwnHouseNow 1 comment
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For sale by owner is getting to be mainstream these days.  In the current economy, many people have the extra time to not only learn about how to list FSBO, but to actually do the work and sell your own … Continue reading

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Top 6 Renovations to Sell Fast

by SellingYourOwnHouseNow 1 comment
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Are you preparing to sell your home?  We’ve seen that home prices are increasing  in 2012 and the market seems to be recovering.  If you have the time to prepare, the program covers everything in detail.  Unfortunately, we don’t always have the … Continue reading

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Why do it on your own?

by SellingYourOwnHouseNow 1 comment
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As a homeowner, why should you do renovation work yourself? My answer – Why not?  if you’re familiar with tools, or even have a slight aptitude for building things, light do it yourself projects are a natural extension for your skills. … Continue reading

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How low did you say mortgages rates were???

by SellingYourOwnHouseNow 1 comment
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I’ve been writing how mortgage rates keep dropping, and the news continues.  MarketWatch just posted an article stating that the 30-year mortgage has fallen to lowest level in years, which means the time is perfect if you have been looking (or … Continue reading

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Top 10 projects that pay back at sale

by SellingYourOwnHouseNow 4 comments
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If you are following the steps in my eBook – there is an entire section on pricing and prioritization.  It’s all about making sure that what you put into the house, you get back out.  Now, there are some key … Continue reading

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Increasing Home Prices and Sales in 2012

by SellingYourOwnHouseNow 2 comments
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It’s been a long time coming, and most people are really looking forward to a rebound in the real estate market. Fiserv and the National Association of Realtors are saying prices should start rising in early to mid-2012.  In addition, the … Continue reading

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How to Mud Drywall Screws Correctly

by SellingYourOwnHouseNow 3 comments
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With winter in full swing, although we have had record low snowfalls, it’s a perfect time for those interior projects and preparation to put your home up for a spring sale!  One question I get asked quite a bit about is “How … Continue reading

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