Real Estate

Real estate is sold throughout the year but when spring and summer roll around, one begins to see yard sales going up as homeowners prepare their homes for sale. The following is a list of tips that are low in cost and usually require nothing more than a few weekends and some elbow grease to get the job done.

As a general rule the best time to prepare your home for sale is at the very earliest point in "spring" (actually early March or even late February), the time when seasonal buying interest is just starting to build. However, this rule is not written in stone and these tips apply throughout the year.

Here are the "Top 5" things a seller can do to increase the final selling price without spending too much money out-of-pocket.

1) Clean it. Home buyers, it turns out, hate dirty homes more than just about anything else. So, give the home a thorough cleaning from top to bottom, inside and outside.

2) Organize it and Declutter It. If the home is too cluttered for the seller, it probably will look too small for the buyer. Store away all belongings that aren't regularly used. Store furniture that isn't necessary for comfortable living. A sparser, less cluttered room always makes an area look more spacious. This whole process of cleaning, decluttering, sprucing up homes, and even bringing in designer furniture to prepare homes for sale has begun a new real estate industry called "home staging". But a homeowner can duplicate some of these things by paying close attention to these low-cost items he or she can do as a seller.

3) Repaint it. Real estate surveys find that a homeowner gets their biggest bang for their buck by repainting the interior of the home in bright white or off-white paint. Painting the house in neutral colors is always a good idea.

4) Landscape it. Mow it and plant it. The exterior of the home is the first impression that a buyer will get, and it will be a long lasting one. Now with so many listings being made available on the internet, pictures of homes on the internet are what many buyers will see first of a prospective home and the exterior's condition will determine if they want to take a look inside!

5) Fix it. If it isn't working properly, it usually ends up costing more at the negotiating table than at the hardware store. Make sure to pay close attention to any plumbing problems (i.e. a broken garbage disposal) that may exude musty or foul smells. Today's buyer, with their busy lifestyles, just wants to move in and get on with their day-to-day business. If they have to spend time in repairing, they will subconsciously factor in more than the actual cost at the negotiating table. Statistics usually show that these costs amount to about two to three times more.

As the homeowner busies himself with his to-do list of household chores, keep in mind that the better shape the home is in, the more a prospective home buyer will be likely to pay for it.

Nef Cortez has been a licensed real estate broker and has held various positions in the mortgage real estate industry for over 25+ years. Visit his website at www.nefcortez.com for information on foreclosures