If you’re selling, here are some financially efficient renovation tips.Want to buy a home? Search All Homes Want to sell your home? Receive a Home Value ReportUnfortunately, home renovations don’t always bring a great return on investment; in most cases, you’ll actually lose money. For instance, if you do a major kitchen remodel, you can expect to get back around 70% of your money. A master suite edition will only get you back about 60% of your money. Decks are only slightly better; a wood deck will bring around a 70% return on your investment, and if you use a composite material like Trex, then you’ll only get back 60% to 65% of your money.When you sell your home, your goal is to make as much money as possible. The ways to do that are pretty simple, and you don’t even need to hire professional contractors to accomplish them:Painting. Paint your home in neutral colors like beige; this will better allow buyers to envision themselves living there.Depersonalization. Taking down and storing family photos will also help buyers imagine themselves in your home.Professional cleaning. If your home is nice and clean from top to bottom, that could easily add a few thousand dollars to your value, especially after COVID’s appearance on the scene."If you plan to sell in the short term,stick to simpler, cheaper projects."Replacing your siding. Alternatively, you could give your existing siding a good power wash to give the exterior of your home a whole new look. Be sure to check for holes in your siding too, so as not to let in any bugs or moisture.Updating your property’s landscaping. This may not be as important during the winter, but come the spring market, people want to see a prim and proper lawn.Decorating with a consistent theme. Be sure to keep your decorations fairly neutral and consistent throughout the home; that could include accenting your walls with curtains of a certain color, throw pillows, etc. This is an extension of the staging process, which helps you get the biggest bang for your buck.If you don’t plan to move out of your home for five or more years, then go ahead and make those larger renovations like in your kitchen and bathroom. You’ll gain equity over time that will make up for the costs. If you plan to sell in the short term, however, stick to the simpler fixes I’ve mentioned today.For any further questions you have about preparing your home for the market, don’t hesitate to reach out to Tru Advantage Realty. We’d love to help you.

Tru Advantage Realty Podcast

How To Save on Your Home Renovation

At the moment, it’s better to sell your current home before buying.Want to buy a home? Search All Homes Want to sell your home? Receive a Home Value ReportThe real estate market is still very competitive during the holidays, and one thing that’s been helping our buyers get their next home under contract is selling their current house first."It’s better to put your current homeunder contract before buying another."Put yourself in the seller’s shoes and imagine that you’ve received two similar offers on your property: One has no contingencies, the other has the contingency to sell their home before buying yours. Everything else is the same except for the contingency difference. You don’t know when that buyer’s house will sell. The market is hot, but we sometimes still see properties sit for a couple of months. Then, you could also run into issues with the buyer’s financing.This demonstrates why it’s better to put your current home under contract before buying another; it helps you make a stronger offer to the seller. They’ll be more willing to choose your offer if it doesn’t have extra “what ifs” attached.We’d love to walk alongside you during the process of selling and buying your next house. If you need anything or have questions, call or text us. We’d be glad to help you.

Are You Buying and Selling?

This is why the winter months are a smart time to sell a home.Want to buy a home? Search All Homes Want to sell your home? Receive a Home Value ReportAs the fall season begins to wind down and the holiday season ramps up, the number of available homes on the market can begin to dwindle. This comes from the common misconception that your home is worth more money in the spring and summer because of the increased curb appeal brought on by a well-groomed lawn and beautiful flowers.There are still plenty of active buyers out there searching for a home during the holiday season. This can be a great opportunity for savvy sellers to take advantage of their equity and capitalize on the lower inventory. With interest rates so low this year, buyers can stretch their dollars a bit further.Waiting until spring just means more competition, which could potentially drive down your asking price. That’s just the basic economic principle of supply and demand at work."Buyers can stretch their moneya bit further this year."Unfortunately, nobody has a crystal ball or knows what tomorrow will bring, especially after a year like this. The only thing we can tell you is that right now, home values are higher than they’ve been in a long time. We can almost guarantee there is someone out there looking for a home just like yours right at this very moment.If you’re interested in learning more about how much equity you’ve gained this past year and what kind of doors it can open for you, give us a call or send us an email today. We look forward to hearing from you soon.

What’s the Advantage of Entering the Market Now?

Data shows that you can afford a more expensive property in 2020 than in 2019. Want to buy a home? Search All Homes Want to sell your home? Receive a Home Value ReportWith housing prices so high and interest rates so low, will you still get a better deal on a home this year than you would have last year?According to the financial data experts from CoreLogic, home prices have increased by 6.6% on average, or $9,800, even more in some states. At the same time, interest rates have hit record lows for well-qualified buyers. The data from financial company NerdWallet says that in 2019 interest rates averaged 3.9%. As of November 9, 2020, interest rates are at 2.8% on a 30-year mortgage, which is 1.1% lower than in 2019. (Rates are as low as 2.5% for a 15-year mortgage.)"Though home prices have risen, the extremely lowinterest rates still give you more leverage."That 1.1% difference equates to 14% more buying power. For example, if you could only afford to finance a $270,000 house last year, making payments of $1,274 per month over 30 years, this year, you could afford to finance a $310,000 home for that same $1,274 payment. That’s an additional $40,000 in leverage compared to 2019. So even though home prices have risen, the extremely low interest rates still give you more leverage than last year.So, can you get a better deal in 2020 than in 2019? The answer in most cases is yes. We don’t know how long these great low interest rates will last, so if you’re considering a move, don’t wait too long.If you have more questions on this topic or any other real estate matter, text or call me. I’d love to be your real estate guide.

How Can You Afford More Home in 2020 than in 2019?

Here’s our pricing advice for today’s home sellers. Want to buy a home? Search All HomesWant to sell your home? Receive a Home Value ReportA few days ago, one of our clients was able to sell their home in just a few days for $10,000 more than the asking price because we had the right pricing strategy. When we initially discussed the price, we didn’t start at the very top. We started at a place where we knew it would grab a lot of buyers’ attention. We had four showing requests and four offers on the first day we listed it and, in this situation, we got more money by pricing here than we would have by pricing at the top of the market.This strategy doesn’t work for every seller, but we’re equipped to help you out no matter your situation. If you have questions for us, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.

What Pricing Strategy Works Best in This Market?

Here’s what you need to keep in mind if you’re buying a home within the next three years. Want to buy a home? Search All HomesWant to sell your home? Receive a Home Value ReportIf you’re looking to buy a home within the next three years, there are three very important tips to remember:1. Understand your finances. You need to know what’s coming in, what’s coming out, and what you can afford. It’s important not to live beyond your means. Understanding your finances is also key to saving up for your down payment and anything else you’ll need once you close on your new home.2. Be mindful of your credit. A great way to stay on top of this is to check your FICO score, which is typically free if you use online banking.3. Get in touch with a local mortgage lender. You need to know what you can afford before you start shopping for homes because you might be able to afford more than you think. Reaching out to a local lender is the best way to calculate your buying power.We’d love to connect with you to guide you through the preliminaries of buying a home. We also know plenty of great local lenders who can help you as well. If you have any questions at all, don’t hesitate to reach out to us. We look forward to speaking with you.

Which 3 Tips Should Future Homebuyers Keep in Mind?

Buyers and sellers need these tips for home maintenance during showings. Want to Buy a Home? Search All Homes Want to Sell a Home? Receive a Home Value ReportToday I have a few home maintenance tips to share for both buyers and sellers during showings.If you’re selling your home, make sure your lawn is manicured and landscaped. The first impression is the best impression buyers will get. If you’re living in the house while you sell it, here’s a tip: If you keep items on top of your nightstand, put them in a bin under the bed before showings. Also, throw any dishes lying around into the dishwasher.Small things can make a difference. Try not to give buyers anything they need to overlook to see the property’s potential."If you keep items on top of your nightstand,put them in a bin under the bed before showings."Buyers: I know I just told sellers to manicure their lawn, but if you pull up to the house and see that the lawn isn’t manicured, don’t worry about it. You can mow the lawn when the property is yours. You can also landscape however you like, so try to see past that when you’re looking at homes. If you walk into a house and see that the sellers didn’t have time to tidy up, don’t get caught up in those details. You need to focus on whether the home has enough space for your family and the rooms you need; when it’s yours, you can personalize it.If you have any questions about what to do to get your house sold or are considering buying a property, call or email me! I have the answers you need.

Home Maintenance Tips for Buyers and Sellers

If you’ve had a hard time buying or selling a home in our market, don’t give up.There are still ways you can win in our market.Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value ReportLow inventory in our market is affecting both buyers and sellers, but there are strategies you can utilize to achieve your real estate goals if you haven’t had much luck lately. If you’re a buyer and you’ve been searching for a home for months on end, you can buy a home that’s not even on the market yet. If you’re a seller and your home’s been on the market for longer than you’d like, you can focus on buyers who aren’t even active yet. In either case, we can help you execute these strategies.

How Hard-Luck Buyers and Sellers Can Still Win in Our Market

As you prepare to sell your home, it’s crucial that youinterview multiple agents before partnering with one.Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value ReportIf you’re getting ready to put your home on the market, you’re going to need an agent to help you do so. So how do you choose the right one?Well, first of all, don’t just pick the first agent you meet without considering other options. You should always interview multiple agents before making a decision. Even if the first agent you encounter turns out to be the best fit, it’s important that you meet with at least two more. You never know what another agent could offer you until you meet with them.For one thing, the list price different agents recommend often varies by tens of thousands of dollars. But, contrary to what you might assume, you shouldn’t always choose the agent who recommends the highest price. Rather, it’s best to work with an agent who is honest—someone who will use real market data to determine your home’s fair market value and who will help you earn top dollar accordingly.“You should always interview multiple agentsbefore making a decision.”The bottom line is that meeting with multiple agents will help you select a professional who is honest, knowledgeable, and experienced enough to bring you the best possible results for your home sale.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Don’t Just Settle for the 1st Agent You Meet

Is it better to sell right now or wait until spring?Want to Buy a Home? Search All HomesWant to Sell a Home? Get a Home Value ReportIf you’re thinking of selling, but aren’t sure whether you should wait for the spring or summer to do so, this message is for you. Though more homes, statistically, sell during this time of year, that doesn’t necessarily make these seasons the best time to do so. People are always looking for homes to buy, and the winter market offers several advantages.For one thing, competition is low, which means the demand for your home is high. Many serious buyers enter the market at this time of year, and this gives winter sellers the chance to capture a great deal. Why wait to sell when everyone else is doing so, too? If you’re ready to sell now, then it’s time to get off the fence and put your home on the market.If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Should You Sell Now or Wait?

These seven improvements will have the biggest impact on your home sale. Want to Buy a Home? Search All Homes Want to Sell a Home? Receive a Home Value ReportWhat are some simple and fairly inexpensive ways you can increase your home’s appeal so that it performs well online and woos buyers when they come to visit in person? Here are seven things that buyers respond to well:1. Neutral paint. It will give your home a fresh, crisp look at a low cost.2. Updated appliances. If yours are mismatched or getting up there in age, it’s a great idea to choose either a new matching black or stainless steel set for your kitchen.3. Fresh landscaping. Adding fresh flowers and mulch, removing dead plants, and neatly trimming bushes will give your home tremendous curb appeal.4. Updated kitchen and bathrooms. This, too, can easily be achieved with fresh paint and new knobs or handles.5. Power washed exterior. Get all of the cobwebs off and clear away any mystery grime on the siding.6. Replaced front door. Now, depending on the condition of the door, you may be able to grab buyers’ attention by simply painting it. If you don’t replace the door itself, then replace the other hardware and consider hanging a seasonal wreath for a nice touch.7. Stain and paint your deck or patio. After you power wash it, put some sealant on it for a polished look.I hope you found these tips helpful. If you have any questions about these quick and easy projects, or real estate in general, please feel free to reach out via phone or email. We’re happy to hear from you and be of assistance.

What Home Improvements Matter Most to Buyers?

Don’t let a completely resolvable issue sink your home sale or purchase. Want to Buy a Home? Search All Homes Want to Sell a Home? Receive a Home Value ReportThe No. 1 reason why deals fall through: Not having the right agent and contacts. Here’s one of the most important things you should ask any agent you’re interviewing: “If we have a problem with our home during the inspection or appraisal process, do you have reliable contacts on standby?”For example, I have a client who’s buying here in York, Pennsylvania, and selling her home three hours away in a whole different county. It was discovered she had a problem with her home’s septic system, but the agent did not have a contact for her. Instead, the agent told her to reach out to anybody she can think of to help fix her septic system. Three weeks later, the problem still hasn’t been fixed, and no guidance has been given to the client (I wasn’t even made aware of the situation until recently). We were set to close two days from the recording of this video, but now that won’t happen—all because an agent did not have a contact.“ If you don't have go-to options for your home maintenance needs, you have to make sure you ask your agent if they do.”Unfortunately, situations like this are why hard-working and knowledgeable agents get a bad reputation. You have to build a relationship with contractors and maintain a list of people you can call on to address issues in your home. If you don't have go-to options for your home maintenance needs, you have to make sure you ask your agent if they do. If you have further questions on this topic or are gearing up to sell your home soon, reach out to me directly via phone or email.

Quick Tip of the Day: How to Keep Your Deal From Falling Through

If you’re in the market to buy (or even sell) a home,here’s why you’ll want to get a home warranty. Want to Buy a Home? Search All Homes Want to Sell a Home? Receive a Home Value ReportIf you’re a homeowner or are planning to be, you’ll want to educate yourself about home warranties. Not homeowners insurance—that’s completely different. Today I’ll share a few key points you need to know about what home warranties are and how they’ll protect your investment once you buy a home.How do they work? Well, if something that your warranty covers breaks down, you simply contact your home warranty provider to have them send someone out to fix it.Most of my first-time home buying clients get a home warranty because they’re so used to having to call a maintenance technician to take care of their repairs. Home warranties cover the costs of repairs for things like appliances, electrical, plumbing, and in some cases, the roof. Some home warranties will allow you to pick your own contractor to come and do your repairs.“ Sellers can purchase warranties for their homesto cover the property for the time that the home is listed.”Bear in mind that warranties are optional. You pay a set amount each year that can be paid monthly or annually, and you do have a deductible for each time you call them and for each item you have repaired.Home warranties aren’t just for buyers—sellers can purchase warranties for their homes to cover the property for the time that the home is listed.If you’d like to learn more about home warranties, don’t hesitate to reach out to us. We’d love to hear from you.

What Do You Need to Know About Home Warranties?

If you’re thinking of selling your home on your own, you might want to reconsider.Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value ReportIf you’re thinking of selling your home as For Sale by Owner, I understand why—you want to save money on agent commission fees.However, by selling your home on your own, you’re also leaving money on the table. Statistics say that over 90% of FSBOs end up listing with an agent, and there’s a good reason why.There’s a lot that goes into the home sale process, and if you don’t work with a listing agent, you run the possibility of forgetting about something that might affect your bottom line. There are inspections that need to be done, appraisals that need to be ordered, title work that needs to be finalized, etc.“Over 90% of FSBOs end up listing withan agent, and there’s a good reason why.”Last year, we worked with a buyer who bought a FSBO home for $40,000 less than what the home was actually worth. So before you think of selling your home on your own, call us up so we can discuss how you can benefit from listing with an agent.If you have any other real estate questions, feel free to reach out to us as well. We’d love to help you.

Are You Thinking of Selling On Your Own?

I’m answering the question of whether you should get ahome inspection done before you list your home. Want to Buy a Home? Search All Homes Want to Sell a Home? Get a Home Value ReportShould you get a home inspection before you list? Many clients have asked me this in the past. The truth is, there’s no right or wrong answer to that question. However, there are definite benefits to having a home inspection done before you put your house on the market.If you get a home inspection done first, it alerts you to some of the things you may not have known needed to be fixed. Then you have an opportunity to mend those issues before the buyer comes along with their own inspection. (Yes, they should do a home inspection even if they know you’ve already had one done.) Then, when you’ve repaired things from your home inspection, the buyer’s inspection will be pretty good. However, another home inspector could find something the first one didn’t.If you’d like to discuss home inspections further or have any other questions, call, text, or email me. I look forward to hearing from you soon.

Should You Get a Home Inspection Before You List?

If you are looking to buy or sell a home, get all the information and the latest updates, tips, and tricks from Tru Advantage Realty - your professional Real Estate Agents.

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Tru Advantage Realty Podcast

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