The Monarch Group Real Estate Blog

Selling Your Home

Kitchen Remodels & ROIs: What Buyers Are Looking for Today

In 2017, a minor kitchen remodel offers the 4th best return on investment (ROI) out of any home improvement projects, so when doing so, it’s important to do it right. Since the kitchen is likely one of the first things potential buyers see when going through your home on an open house or showing, it’s easy to see how making a good impression with your kitchen can help sell your home quicker and for more money. However, you do want to be sure not to overdo it. As a general rule, don’t spend more than 10% of your home’s value and prioritize projects that will as value without putting a dent in your wallet.

 

For kitchen improvements to help sell your home quicker, look at things that will increase visual appeal such as backsplashes, appliances, and cabinets. A backsplash can brighten a kitchen and make the kitchen seem cleaner. New appliances will keep buyers from having to purchase them on top of purchasing their new home. (In most cases, stainless steel are the best in terms of upkeep and visual appeal). Cabinets can make the kitchen seem cleaner, newer, and show...

Seller Staging Basics: What You Can Do on a Budget & How it Can Help You Sell Your Home

When it comes to selling, a big word many sellers hear is “staging”. And afterwards come many questions. What is staging? Do I have to hire someone to do it? Why do I even need to stage my home? Staging can be influential in selling your home and it doesn’t have to be a long process that breaks the bank!

What is Staging?

Home staging is when you prepare your home for sale both inside and out, focusing on the appearance and atmosphere it creates for the potential buyers. Staging is like putting on your home’s best outfit for picture day. When adding small touches to your home before listing it, staging helps the potential buyer get the feel that it’s more than just a building for sale, but a home. A place where they can live and raise a family, bond with roommates, or entertain on holidays.

Benefits of Staging

Like I said, staging can be influential in selling your home. Ask yourself, “Would I buy my home as it is now?” If the answer is “no”, then staging can help change the answer to “yes”. Going through the staging process will help you pack up for moving, de-clutter and organize, and gather items for sale or donation prior to leaving, smoothing out the transition process. Staging will also make your home look its best for photos, videos, open houses,...

Selling Your Home to a Family Member: Tips to Ease the Process

There’s a noticeable difference between selling your home to a stranger and selling your home to a family member. A difference that you might not quite recognize until you are in the process of doing so. It can be fun and exciting for the family, but also awkward and uncomfortable at times. Here are some great tips on smoothing out the process and making this transition a bit easier.

 

Tip #1: Hire a Professional Title Company

It’s always important to usea professional title company in real estate transactions and in this specific situation, they also act as amutual third party between family members. The title company will help with important documents needed for the transaction and work alongside your Realtor towards closing to make sure both buyer and seller are happy.

 

Tip #2: Put It All in Writing

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Don't Even Think About It: Why You Should Not Sell Your Home Yourself FSBO

Don't Miss this weeks radio show on 970AM WGTK.  I will be talking about why you should not try to sell your home yourself.  The method most used to sell a home has changed in recent years. A higher share of sellers are relying on the expertise of real estate agents and brokers to sell their home, rather than trying other methods.  Here are a few statisics.

  • From 1991 to 2011 the share of home sellers who used a real estate agent or broker to sell their home increased from 77 percent to 87 percent.
  • Over the same time period, the share of sellers who sold their home as a FSBO (For-Sale-By-Owner) decreased from 19 percent to 10 percent.
  • Sellers use real estate professionals to help them sell their home in a reasonable timeframe, to market their home to potential buyers, and to price the home competitively.

Hope you tune in.  We are on the air every Saturday from 10-11AM.  WWW.970WGTK.COM

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Things to Know Before Selling Your Home

We think it’s safe to say that when selling a home, there’s a chance you’ll run into some bumps along the way.  There are normal complications that can be avoided with an experienced agent, but no agent has seen it all!  Before you decide to list your home, make sure you’re aware of the common problems people face when they try to sell:

The home doesn’t appraise.

  • If a buyer plans to buy your home with borrowed money, be prepared to go through the appraisal process. Be extra prepared to lower your price if the sales price comes back too high.
  • How to avoid this? Hire an honest agent who gives your the real numbers, not the highest ones. An agent who is experienced knows the process well, and knows you will most likely have to face an appraiser.

The home comes with a “past”.

  • And we aren’t talking about age. A title search will be preformed when someone tries to purchase your home which will provide any liens, missing permits, or other blemishes that can halt a deal.
  • How to avoid this? Hopefully you bought title insurance when you originally bought the home, which will fight off any claims to the home that aren’t yours. If you didn’t, make sure your proactive in clearing any title issues with the closing attorney/title company.

 The home needs work.

  • We mean major work. Since the inventory of homes for sale is larger than we’ve seen in recent history, buyer’s have more to choose from. This means buyer’s have a better chance of finding a home that’s “move-in ready”  AND priced to sell. Not to mention that some loans require repairs be made to the home, and it they are...

Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your  thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.

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