Real Estate Information Archive

Blog

Displaying blog entries 1-10 of 12

Affordable Home Staging Hacks

by Desi Sowers

Chances are, if you are getting ready to sell your home, you are also preparing to purchase a new home. So, the last thing you want to do is spend more money on your current property.  However, you certainly want to get the best price possible when selling it, and according to the National Association of Realtors, for every $100 invested in staging, the potential return is $400. As you can see, it will pay off in the end to stage your home to entice potential buyers.

Some people will hire a Home Staging Professional to get the job done.  While it might seem easier than doing it yourself, it is not the only way to get that SOLD sign planted in your front yard.  There are some simple, yet effective home-staging hacks that you can do that won’t break your budget:

  • Roll Out a Welcome Mat - Sounds simple, right?  It is!  First impressions mean everything when selling your home.  Also, prospective buyers tend to linger by the front door before the real estate agent opens the home for viewing, so an inviting entrance is crucial. A new welcome mat can cost as little as $15.  Purchase a modern mat that compliments the style of your home.  To further enhance the entryway, add a little green with some fresh plants.  An enticing entrance will make buyers want to see more!
  • Mount Mirrors in Strategic Spots - Every home has spaces like a dim hallway or small space that lacks natural light.  To spruce up these areas, hang a few mirrors.  They add extra light to rooms that look dark, and Make Your Space Look Bigger.  They will pack an extra punch if placed next to or directly across from a window because they will pull in more sun.  For a more decorative look, create a collage of several mini mirrors in different shapes and sizes rather than just slapping one large mirror on the wall. You can find inexpensive mirrors at craft stores and discount home stores.
  • Set Tables and Serving Areas for Entertaining - A home filled with friends, food and laughter is a happy one!  Paint a picture of what entertaining in your home will be like for potential buyers.  Keep it simple, but aesthetically pleasing. Lay out cloth napkins, wine glasses and solid plates in the dining room. Use matching mugs and bowls in the kitchen to produce the feel of family meals.
  • Replace Personal Photos with Art Work - Over the years, you have turned your house into a home by decorating with family portraits and personal mementos.  But potential buyers are going to want to be able to envision themselves living there and that is hard to do with your family members present in the form of pictures in every room.  So, get a head start on packing up your house by putting your pictures away and replacing them with art work that compliments the style of the home.  You can find inexpensive art at discount stores or you can print beautiful landscape photos to put in frames.
  • Make the Bathroom Look Elegant with White Linens - Spruce up your bathroom with crisp, fresh, all-white linens.  White towels, bath mats, and shower curtains give the room an instant update.  They inspire the feeling of a luxury spa without spending a lot of money.  Take it a step further by including some Spa-Like Displays.  Simple additions like an orchid, candles and special soaps will go a long way.
  • Arrange Decorative Scenes - Decorative displays can give a cozy, lived-in ambience to a house.  Assembling classy vignettes of colorful vases, lanterns, books, plants, baskets, and other items atop dressers, counters and bookshelves will make a house feel more like a home. Group items in odd numbers and in varying heights and shapes while keeping them in the same color family. You will be amazed at what you can find to use in your house, but if you need to buy some things, you can mix in inexpensive pieces from craft and discount stores.  Done properly, these displays will have people feeling like they are looking at rooms right out of home décor magazines…and that appeals to prospective buyers.

If you are preparing to put your home on the market, you don’t have to do it alone!  Professional Realtor Desi Sowers can help you get your house staged and sold in no time!  Call her today at 540-320-1328!

Photo Credit: realtor.com

Listing Your House this Summer? Keep These Tips in Mind!

by Desi Sowers

Spring is flying by and soon summer will be upon us.  Summer is not the most popular time to sell a house for several reasons: people are going on vacation, kids are out of school, and warm weather activities keep you busy.  But sometimes the timing cannot be helped.  Life happens and circumstances may require that you move during the sunny season.  If that is the case, here are some tips for attracting buyers during the summer months:

 

  • CURB APPEAL

Make a great first impression with curb appeal. Mow your lawn twice a week. Grass grows faster this time of year and needs mowing more often.Try mowing diagonally every other time to add dimension to your lawn.Make sure bushes are trimmed and plant flowers.Keep your porch, sidewalk and driveway swept and create a warm and inviting entryway to your home. 20 Ways to Add Curb Appeal

  • DECORATE WITH SUMMER ACCENTS

Utilize calming colors such as blues and greens to decorate the interior of your home.If you have dark-colored accent pillows and throw rugs replace them with brighter, summer hues. Keep it simple.You don’t have to spend a lot of money; something as basic as an inexpensive blanket draped over a chair can give a room a soothing vibe.

  • BRING THE LIGHT INSIDE

If you have heavy drapes, remove them. They make a room look smaller.Pull blinds all the way up.Use tie backs to open lighter curtains.The only time you should leave blinds/curtains closed is if there is an undesirable element on the other side of the window such as your neighbor’s trash can…but even then, keep them slightly open to allow light into the room.

  • HAVE FLEXIBLE SHOWING HOURS

Showing your home while still living there is challenging, but the more flexible you are, the more people will look at your house.

  • SPARKLE AND SHINE

Metals give a “summery” feel.It doesn’t matter which ones; gold or silver, brass or pewter.Mix and match them using vases, picture frames, mirrors, utensils, goblets, hanging planters etc.Decorating with Metals

  • OFFER SUMMER BEVERAGES AND SNACKS

Fill your kitchen sink with ice and have chilled drinks available for visitors.Have a few light snacks for them to enjoy.Have bowls filled with citrus fruits to brighten up your kitchen and give it a sunny feel.

  • CREATE GOOD SMELLS NATURALLY

There are a lot of ways to bring summer scents indoors. Pleasant, fresh aromas will make your home feel inviting and comfortable. Bring the Scents of Summer into Your Home

  • CONTROL THE INDOOR TEMPERATURE

If you are one to be stingy with the air conditioning, now the time to stop.It will be worth the tiny increase in your electric bill to have your home be at a comfortable temperature for visitors.There is nothing worse than walking into a stuffy, warm house when it is hot outside.

If you’re ready to put your house on the market this summer, experienced Realtor Desi Sowers can help you get it listed and sold for the best possible price.  Give her a call at 540-320-1328 and enjoy the excellent service that Desi and her Team of Professionals provide!

Photo Credit: cornishcrabbers.org

Putting Your House on the Market During the Holidays

by Desi Sowers

The idea of putting your home on the market during the holiday season may seem overwhelming at first, but it turns out there are several good reasons to do so. Don’t miss out on a great opportunity to get your house sold before the end of the year!

  1. If people are looking for a home during the holiday season, chances are they are serious buyers.
  2. Serious buyers have fewer properties to look at during this time of year, which means less competition and more money for you!
  3. Since the number of listings will increase dramatically in January, that means more competition and less money for you.
  4. Who doesn’t love a home delightfully decorated for the holidays?  Homes show better when festively dressed up!
  5. Buyers may have more time to look at houses during their holiday breaks.
  6. Some people want to buy before the end of the year for tax reasons.
  7. If you sell now, it may provide an opportunity for you to be a non-contingent buyer during the Spring, when many more houses are on the market for less money. This will allow you to sell high and buy low.

Tips for Selling a Home During the Holidays

If you would like to talk more about selling your home, give me a call at 540-320-1328 or visit my website to discover your new home!

Don’t Let Your Pets Ruin Your Home Sale

by Desi Sowers

You love your fur babies. They are part of your family.  But not everyone feels the same way you do about your pets, or even pets in general. According to a 2017 report put out by the National Association of Realtors, pet ownership has a “moderate to major impact” when selling a home.  So, if you want to get top dollar for your home, it’s important that you consider the amount you might lose with a dog, cat or other animal in residence.

There are many reasons why potential buyers may not like your pets:

  • Nervousness.  Pets make some people very uncomfortable.  Maybe they never had pets growing up, or they simply don’t enjoy being around animals.
  • Fear.  Whether real or irrational, some people are truly scared of animals.
  • Your pets are not their pets.  Even if they are pet owners and animal lovers, they don’t know your pets or what you allow them to do. 

The number one solution for not allowing pets to ruin a home sale is to relocate them while your house is on the market.  While it might be painful and upsetting to do this, it is the best option.  At minimum, you should try to remove your pets from the house during open houses and when the home is being shown. 

  • Ask a friend or relative to care for your fur babies.
  • Board them at a kennel.
  • If possible, take them to work with you for the day.
  • Move out and take them with you.

If this seems extreme to you and there is NO way you could (or would) relocate your four-legged loved ones while trying to sell, here are some tips for making your home as appealing as possible to homebuyers:

  • Cat litter boxes and doggy potty pads - keep them OUT OF SIGHT and impeccably clean. Nothing turns off buyers faster than opening the laundry room door and being greeted by the offensive scent of your cat’s business.
  • Carpet and floor pet stains - Hire professionals to get rid of the stains, or replace any carpet, padding and flooring that has been ruined by pets. Buyers will spot them and form opinions about the whole house because of them.
  • Pet odors and smells - You probably don’t smell it anymore because you live with them…but chances are your home has eau de doggy (or kitty).  Bring in a neighbor to do a whiff test.  Don’t use strong air fresheners to try to cover up the aroma because some people are allergic to those types of scents.  Try enzyme cleaners such as Simple Solution, Nature’s Miracle or call a professional ozone company.

You will also need to remove any signs of your pets:

  • Remove online photos of your pets in your house.
  • Seal up doggie doors.
  • Put away food and water bowls when not in use.
  • Vacuum religiously.  Every day.  Sometimes twice a day.
  • Put away pet toys.
  • Pack up kitty condos and any other cat paraphernalia.
  • Remove photos of your pets from the refrigerator, walls and table tops.
  • Pack up all cages, carriers and animal beds.

If your house is being shown and you can’t take your pet out, put them in their crate or carrier and attach a note asking that they not be disturbed.  The last thing you need is a buyer sticking their hand in and getting scratched or bitten.  You cannot predict how an animal react when locked up and alone.  Never let your pets run loose when buyers are looking at your house!

 

http://www.desisowers.com/Blog/To-Renovate-or-Not-to-Renovate-Should-You-Fix-Up-Your-Home-or-Sell-it-As-Is

http://www.desisowers.com/Blog/Ten-Décor-Trends-to-Avoid-in-2017

http://www.desisowers.com/Blog/Real-Estate-Myths-Dont-Let-Them-Fool-You

Selling Your House or Renting It Out - Pros and Cons

by Desi Sowers

Whether moving for a job or just relocating for personal reasons, you still must decide what to do with your current home.  Should you rent it out?  Or sell it?  There are many circumstances to consider before making that decision.  How long do you have before you move?  What is the housing market doing in your area?  And do you have someone you can trust to manage your property?

Of course, the biggest motivator in your decision is which option will be most financially profitable.   If you have a lot of equity in your house and can sell it, you’ll walk away with some cash to put toward your new home.  If the house is paid off, you’ll walk away with A LOT of cash.  However, if your equity is built up and you have low mortgage payments (or no mortgage payment), you could bring in a substantial monthly income by renting the house for more than your monthly payments.  You do have to consider the costs involved with renting the house out.  If you’re relocating to another town, you will likely have to hire a property manager to collect rent and take care of issues that come up.  You might also have to pay to advertise the home.

There are going to be risks involved either way.  If you put the house up for sale, you run the risk of not selling it quickly and possibly ending up with two mortgage payments or a house payment and rent payment on a new place.  But renting out your house might be a bigger risk. There’s a chance you will rent it to people who you think will be good tenants, but wind up paying the rent late or not at all.  There is also the risk that renters will not take care of the house and lower its value.

Another issue to consider is that housing markets can greatly fluctuate from year to year. You must question whether your neighborhood is in the kind of shape to support a quick sale.  If other homes haven’t been selling, for example, you might not get as much for your house as you might if you could wait a year or two and rent it out in the meantime.  On the other hand, if the housing market is hot in your neighborhood, it might just be the best time to take advantage of it and sell to get the best price possible.

Finally, you have to think about whether you can afford a new mortgage while you still own the first house.  Per Kiplinger, lenders count about 75 percent of the income you receive from renters when figuring out if they’ll give you a new loan, but that’s only if you have a signed lease and your salary is sufficient to cover the rest of the mortgage requirement.  Selling your house will make it much easier for you to qualify for a new loan.

The bottom line is that, after doing your research, you can decide whether selling or renting is the best and most financially sound choice for you.

 

http://www.desisowers.com/Blog/Paint-Colors-that-Sell

http://www.desisowers.com/Blog/Moving-Day-Survival-Kit

http://www.desisowers.com/Blog/To-Renovate-or-Not-to-Renovate-Should-You-Fix-Up-Your-Home-or-Sell-it-As-Is

The Best Chance For Selling Your New River Valley VA Home!

by Desi Sowers

The best chance for selling your New River Valley Va home is within the first four weeks. Each year, in our area, many home sellers make the same mistakes over and over again. To help you avoid making the same mistakes, I’ve compiled a list of the main factors to ensure you sell your home faster and net more.

Pricing

It is very important to price your property at a competitive market value when you list it. Overpricing by only a few thousand dollars could mean that your house will not sell in a desired time frame.

An overpriced home:

•           Minimizes offers

•           Lowers showings

•           Lowers agent response

•           Limits financing

•           Limits qualified buyers

•           Nets less for the seller

Cleanliness

Most people are turned off by even the smallest amount of dirtiness or odor when buying a home. If your house is squeaky clean, you will be able to sell your home faster and net your desired return. Odors must be eliminated especially if you have dogs, cats, or young children in diapers or if you are a smoker. You may not notice the smell, but the buyers do!

Likewise, declutter. You are moving anyway, so get rid of that old junk now so your house will appear larger. Put items you can’t bear to part with in storage to free up space.

Easy Access

The easiest way to show a house is to have a lockbox accessible to real estate agents! Allow your home to be available during all reasonable hours. Midmorning and midafternoon are usually the best, but sometimes people will want to see your home in the evening after work. Allow your home to be available on short notice as well.

Showtime

When your home is being shown, please do the following:

•           Keep all lights on

•           Keep all drapes, shutters and blinds open

•           Keep all doors unlocked

•           Make sure the temperature is appropriate for the season

•           Leave soft music playing

•           Take a short walk with your children and pets

•           Let the buyer be at ease and let the Realtor do their job

Paint and Carpet

Paint is your best improvement investment for getting a greater return on your money. Paint makes the whole house smell clean and appear neat. If your house has chipped paint, exposed wood, or the paint looks faded, it is time to paint. If your carpet is worn, dirty, outdated, or an unusual color, you may need to seriously consider replacing it. Many houses do not sell because of this problem.

Curb Appeal

Your front yard immediately reflects the inside condition of your house to the buyer. People enjoy their yards. Make certain that the trees are trimmed so the house can be seen from the street. Has the grass been mowed, trimmed and edged? Walkways should be swept. Clean away debris. Remove parked cars. This all adds to curb appeal. If a buyer doesn't like the outside, they may not stop to see the inside.

Desi Sowers has distinguished herself as a leader in the New River Valley real estate market. Desi assists buyers looking for New River Valley real estate for sale and aggressively markets New River Valley homes for sale. 

Desi brings with her a keen eye for the details of buying or selling a New River Valley home and seemingly boundless determination and energy, which is why her clients benefit from her unique brand of real estate service. Rooted in Tradition, Focused on the Future – Desi Sowers will help make the most of your New River Valley real estate experience. Give her a call today, 540-320-1328, and discover the difference she can make during your family's move. Have a question send me an email!


photo credit: pinterest.com

Columbus Day Holiday!

by Desi Sowers

The Columbus Day holiday is a New River Valley VA extravaganza for retail merchants. It is a federal holiday in the United States when typically banks, post offices and federal offices are closed. If you happen to have the day off and would like to talk about buying or selling a home, give us a call; we are open!

Here are a few fun facts about Columbus Day:

  • Columbus Day is the celebration of Christopher Columbus landing on the shores of the United States in the year 1492… you know how the song goes! “Columbus sailed the Ocean Blue in 1492; he sailed he sailed the Ocean Blue in 1492.”
  • This day of observance became a state holiday in Colorado in 1906, and in 1937 the day became a federal holiday.  Why Colorado? You ask? Well, a first-generation Italian living in Colorado at the time lobbied the governor, and the first Columbus Day of resignation was born.
  • To this day, many Italian-Americans celebrate Columbus Day in honor of their heritage.
  • Hawaii, Alaska, Oregon and the state of South Dakota do not recognize this day as a legal holiday. But, (now this is government lingo…) Hawaii and South Dakota “mark the day with an alternative holiday or observance.” Iowa and Nevada are also on this list of states that do not recognize the Columbus Day festivities.
  • In Italy, Columbus Day has been officially celebrated the “National Day of Christopher Columbus” since 2004. The Art Gallery of Como opens her doors on each October 12th, allowing visitors to view and admire the portrait of Columbus.
  • The second Monday in the month of October is deemed the official Columbus Day.
  • In Puerto Rico, Columbus Day is celebrated along with Puerto Rico Friendship Day.
  • In Virginia, Columbus Day is celebrated along with Yorktown Victory Day.
  • New York City has the largest parade to celebrate the day.

I hope you’re enjoying the day and you have off as well! Give me a call 540-320-1328 or visit my website to Discover your new home.

 

5 Reasons to Sell This Fall

by Desi Sowers

 

School is back in session, the holidays are right around the corner, you might not think that now is the best time to sell your house. But with inventory below historic numbers and demand still strong, you could be missing out on a great opportunity for your family.

Here are five reasons why you should consider selling your house this fall:

1. Demand Is Strong

The latest Realtors’ Confidence Index from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now!

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

According to NAR’s latest Existing Home Sales Report, the supply of homes for sale is still under the 6-month supply that is needed for a normal housing market at 4.7-months.

This means, in most areas, there are not enough homes for sale to satisfy the number of buyers in that market. This is good news for home prices. However, additional inventory is about to come to market.

There is a pent-up desire for many homeowners to move, as they were unable to sell over the last few years because of a negative equity situation. Homeowners are now seeing a return to positive equity as real estate values have increased over the last two years. Many of these homes will be coming to the market this fall.

Also, as builders regain confidence in the market, new construction of single-family homes is projected to continue to increase over the next two years, reaching historic levels by 2017. Last month’s new home sales numbers show that many buyers who have not been able to find their dream home within the existing inventory have turned to new construction to fulfill their needs.

The choices buyers have will continue to increase. Don’t wait until all this other inventory of homes comes to market before you sell.

3. The Process Will Be Quicker

Fannie Mae announced that they anticipate an acceleration in home sales that will surpass 2007's pace. As the market heats up, banks will be inundated with loan inquiries causing closing-time lines to lengthen. Selling now will make the process quicker & simpler.

4. There Will Never Be a Better Time to Move Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by 5.3% over the next year, according to CoreLogic. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

According to Freddie Mac’s latest report, you can also lock-in your 30-year housing expense with an interest rate around 3.46% right now. Interest rates are projected to increase moderately over the next 12 months. Even a small increase in rate will have a big impact on your housing cost.

5. It’s Time to Move On with Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?

Only you know the answers to the questions above. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

 

by The KCM Crew on September 6, 2016 in For Buyers

Homeownership Builds Wealth & Offers Stability

by Desi Sowers

 

 

 

 

 

 

 

 

 

 

 

The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:

  1. They want the opportunity to build equity.
  2. They want a stable and safe environment.

Building Equity

John Taylor, CEO of the National Community Reinvestment Coalitionexplains that those who lack the opportunity to become homeowners have a weakened ability to reinvest their wealth:

“We traditionally have been huge supporters of homeownership. We see it as a way to provide stability for households but also as an asset-building strategy. If you continue to be a renter, locked out of the homeownership arena, increasingly those things are further and further out of reach. They’re joined at the hip. They perpetuate each other.” 

Family Stability

Does owning your home really create a more stable environment for your family?

survey of property managers conducted by rent.com disclosed two reasons tenants should feel less stable with their housing situation:

  • 68% of property managers predict that rental rates will continue to rise in the next year by an average of 8%.
  • 53% of property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know.

We can see from these survey results that renting will provide anything but a stable environment in the near future. 

Bottom Line

Homeowners enjoy a more stable environment and at the same time are given the opportunity to build their family’s net worth.

by The KCM Crew on July 12, 2016 in For Buyers

 

What If I Wait Until Next Year To Buy A Home?

by Desi Sowers

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen over the next 12 months?

According to CoreLogic’s latest Home Price Index, prices are expected to rise by 5.5% by this time next year.

Additionally, Freddie Mac’s most recent Economic Commentary & Projections Table predicts that the 30-year fixed mortgage rate will appreciate to 4.5% in that same time.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact these projected changes would have on the mortgage payment of a home selling for approximately $250,000 today:

What If I Wait Until Next Year To Buy A Home? | Keeping Current Matters

by The KCM Crew on March 14, 2016

Displaying blog entries 1-10 of 12

Syndication

Categories

Archives

Contact Information

Photo of Desi Sowers,  Associate Broker,  Real Estate
Desi Sowers, Associate Broker,
Certified Residential Specialist at REMAX 8
1344 N. Main Street
Blacksburg VA 24060
Phone: (540) 320-1328

Each Office Independently Owned and Operated