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Tag Archives: selling

Cap and Trade requirements for selling your home

Not long ago I received an email that obviously set out to scare the bejeezus out of every homeowner. This email stated that the Cap and Trade legislation passed by Congress would require EVERY existing home to meet new energy standards before it can be sold.

Ah come on. Homeowners are one of the biggest interest groups out there. The proof for how much power this group wields is the fact that no one dares to interfere with the mortgage interest deduction. We homeowners are a muscular bunch, and no one is going to mess with our ability to sell our homes.

But don’t take my word for the falsity of the claim. Here is what Snopes.com has to say about it–
http://www.snopes.com/politics/business/captrade.asp

For sane and sensible help with selling your home or buying a new one, please visit JustCallPowers.com.

How to sell your home

The information below was written by one of the smartest people I know, my friend Norm Fitzgerald. If you want to sell your property in a changing (softening) market, you would be hard pressed to find better advice.

Use the Internet. More than 80% of shoppers check out home listing sites such as JustCallPowers. Make sure there are a number of good photos of your home online. Errol Samuelson, president of realtor.com has stated, “Listings with six photos get almost 300% more viewers than those with single photos.”

Dress up the house. Everybody’s watching home makeover shows these days. Ask your real estate agent to give you honest direction in preparing your home for showings.

Don’t overprice - Don’t overprice! If an agent readily agrees to list your home for the price you had in mind, be wary. The market is adjusting. Review realistic “comps” which your agent should provide. Want to sell quickly? Price your property correctly.

Be green. Be green on two fronts. First, make energy bills available for potential buyers and do cost effective things like replacing incandescent light bulbs with energy efficient bulbs. Also, be green by sprucing up the lawn, landscape, mulch, and ornamentals.

Be open to change. Just because you love the purple and orange wallpaper in the living room does not mean someone else will like it. Paint is an inexpensive investment. Be open to changes that might be necessary to sell your property.

If you have questions about how best to accomplish any of the above points, please visit JustCallPowers.com.

Make home repairs before you sell …. or not

In a fast-rising market with buyers falling all over themselves to purchase homes, you can get by with not doing much to make your property ready to sell — although I still think you’ll make more money with even minimal effort.

No doubt you’ve seen TV shows showing people making their homes attractive and with staging and creating curb appeal. Yes, these things work. I’ve seen it, and I’ve done it. But I’d like to take a moment to look at the flip side — what happens if you don’t make your house ready to sell?

Suppose few years ago you had a small leak in an upstairs bathroom. You brought in a plumber and had it fixed, but it left a watermark on the downstairs ceiling. If you put your house on the market with that stain on the ceiling, it will cause red flags to go up. Everyone will wonder how long ago the leak occurred, if it is still ongoing, what has been done about it, if anything, and worse still, what else is wrong. Aaaack.

A stain on the ceiling is obvious, but what about other things that buyers aren’t likely to see right off the bat? Nowadays it is extremely rare for a buyer not to have a home inspection. A home inspector might miss a few things here and there, but he won’t miss much. You will have worked hard to find a buyer and negotiate a contract. Why risk having the buyer scared off and the transaction fall apart because of things that will have to be fixed in the end anyway?

For that reason we strongly recommend that you have a home inspection done before you put your house on the market, and we recommend that you repair the things that the inspector finds. Yes, it will cost you a few hundred dollars up front, but when you think about it, it is very powerful marketing tool. Buyers will notice your effort, and you will be far less likely to have everyone looking for “what else is wrong.”

If you are interested in selling or purchasing property in the Raleigh area of North Carolina, I would very much appreciate the opportunity to work with you. Please visit JustCallPowers.com.