Tuesday, April 29, 2008

Top 5 Things to Do to Your Kitchen to Increase its Value

Tip #1: Open Up the Space

Tip #2: Update Your Appliances

Tip #3: Install Solid Surface Counters

Tip #4: Improve the Work Space

Tip #5: Change Your Cabinets





With these simple tips, you will certainly find your kitchen to be far more enjoyable. In addition, potential buyers will be more likely to put an offer on your house when the time comes to sell.


About the Author:
Shannon Kietzman is a well known author and trusted resource. Shannon regularly writes for www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit www.byownermls.com.

Wednesday, April 16, 2008

Top 6 Ways to Keep Your Home from Selling

While there are several things you can do to increase the value of your home, there are also numerous things that can reduce the value of your home or make it more difficult to sell. By becoming aware of the traits that can get in the way of a sale, you can more effectively find ways to address the problems and increase your chances of a sale.

#6 Overpricing

Asking too much for your home can make it impossible to sell. Resist the temptation to inflate your asking price. This may seem like a good way to put more money in your pocket, but it will actually make it more difficult for you to sell your home. In fact, many potential buyers won’t even consider your home because it is overpriced when compared to other homes. To make certain you are asking the right price for your home, it is best to seek the advice of an appraiser or a real estate agent. Or, complete an on-line evaluation to determine your home’s value.

#5 Pools Aren’t for Everyone

While a pool can help you increase the value of your home, they can also make it more difficult to make a sale. Families often avoid homes with pools because they are concerned about the safety of their children. Similarly, having a pool requires paying more for house insurance and paying for upkeep. For many people looking for a home, these added costs are quite unattractive. At the same time, a person that is looking for a pool will be willing to pay extra to have one. Therefore, you should consider your location and the overall value of your home in order to determine if a pool will be a help or a hindrance.

#4 Lack of Garage Space

Homebuyers are drawn to homes with a garage. Therefore, unless you live in a historical area where garages are not part of the neighborhood or you live in a condo, you will have more difficulty selling your home if you don’t have a garage or if you have a small garage. Ideally, you should have at least a two-car garage to offer to potential buyers.

#3 Outdated Systems and Appliances

Having an outdated plumbing or electrical system is a real negative to potential buyers. Similarly, homebuyers look for homes that have updated appliances, particularly in the kitchen. The added expense of purchasing new appliances that are in good working order can go a long way toward increasing the value of your home.

#2 Poorly Maintained Home

A home that is obviously maintained poorly will be quite unattractive to potential buyers. If one part of the home, such as the roof, is obviously in poor shape, potential buyers will instantly wonder about what else is in disrepair. If something needs to be fixed, take the time to make the repairs. It doesn’t matter how well you have updated your kitchen if your paint is peeling or if the siding is falling off of your house, potential buyers won’t even consider purchasing the home if there are obvious problems with it.

#1 Décor that is Highly Personal

The more personalized your décor, the more difficulty you will have selling your home. Your goal is to help the buyer see him or herself living in the home. If you have created a very personal décor, it will be difficult for the buyer to see someone other than you living in the home. The same is true with really unique colors. While purple may be your favorite color, potential buyers may have a strong distaste for the color and will have a hard time seeing beyond it. Therefore, it is best to paint your walls in a more neutral tone.


About the Author:
Shannon Kietzman is a well known author and trusted resource. Shannon regularly writes for www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit www.byownermls.com.

Friday, April 11, 2008

ForSaleByOwner.com Receives High Accolades

According to comScore, Inc., ForSaleByOwner.com is well ahead of the pack when it comes to companies geared toward helping homeowners looking to sell their homes.

According to comScore, Inc., ForSaleByOwner.com receives almost three times as much traffic as its nearest competitor. This is pretty impressive when considering the fact that major companies such as Keller Williams, Prudential Properties, GMAC Real Estate, and ERA Real Estate were included in this study.

Vice President of Operations for ForSaleByOwner.com summarizes the reason for their success quite simply: “We attract more visitors because our complete line of products and services are helping people sell and buy homes without paying commission. With rich online listings, home pricing tools, step-by-step real estate guidance and live customer support, we are an effective and affordable alternative to using an expensive real estate brokerage firm.”

There are numerous valuable resources available on the site. Some of these include:

Appraiser Lists
Foreclosure Information
Glossary of Real Estate Terms
Home Buyer’s Guide
Home Buying Checklist
Home Inspector Lists
Homeowner Insurance Information
Mortgage Calculators
Mortgage Information
Moving and Relocation Advice
Real Estate Forms
Service Provider Lists
Title and Escrow Information

ForSaleByOwner.com takes advantage of a number of resources to help homebuyers and sellers, including utilizing the far-reaching abilities of the Internet. In fact, the site syndicates its listings to sites such as GoogleBase.com, USAToday.com, Yahoo.com, and AOL.com. Utilizing these sites is a wise decision considering the fact that over 84% of homebuyers utilized the Internet to assist them with their house hunting in 2007.

While ForSaleByOwner.com does charge a small fee for its services, it is far less costly to utilize their services than to hire a real estate agent to sell the home. Typically, ForSaleByOwner.com charges anywhere from $89 to $899 for its services. A real estate agent, on the other hand, usually charges a 6% fee. This means you would pay a $18,000 to a real estate agent if you sold your home for $300,000.

ForSaleByOwner.com also offers an interesting guarantee that you won’t find with a real estate agent. If you are unable to sell your home through the site after purchasing one of its plans, you can utilize the site’s Home Selling Guarantee program. Through this program, ForSaleByOwner.com will help you find a real estate agent in your area to help you sell your home. Once you do sell your home with the help of that agent, the site will provide you with a refund of the money you spent for its services or a gift card for up to $1,000.

Congratulations on your recognition, ForSaleByOwner.com, it was certainly well-deserved!

About the Author:

Shannon Kietzman is a well known author and trusted resource. Shannon regularly writes for www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit www.byownermls.com.

Friday, April 4, 2008

Getting Your House Ready for the Showing

Are you getting ready to show your home to a potential buyer? If so, you might be amazed by the many little things you can do to help create a better impression of your home and actually make it possible for you to get more money from the sale. Even better, you don’t have to spend a great deal of money in order to make your home really stand out and get noticed by buyers. In fact, depending upon the condition of the home, you might not need to spend anything at all!

Clean and Straighten the Home

One of the simplest steps you can take to prepare your home for sale is to clean and organize the inside. A home that is grungy and grimy is going to instantly turn buyers off from your home. At the same time, a home that is cluttered feels cramped and small. As a result, the potential homebuyers will start to wonder if the home is big enough to suit their needs. The more open and clutter-free you can make the home, the better impression you will make on your potential buyers.

Always remember that having space is important to buyers. So, in addition to keeping the area clutter-free, you should also allow the potential buyer to enter rooms first. When you go into smaller rooms, such as the bathroom, stand at the door rather than going in. Otherwise, having everyone stand inside the bathroom will make it feel cramped and much smaller than it actually is.

Remove Personal Items

In order to turn a house into a home, you might spend years collecting items and displaying personal mementos such as photos and souvenirs. These little decorations are what make your home unique and special to you. When it comes to selling a house, however, potential buyers need to be able to envision themselves living in the house and making it their home. If your house is too personal, it makes it difficult for buyers to imagine living there.

In order to depersonalize the house, you should remove items such as:

Family photos
Trophies and awards
Souvenirs
Knick-knacks and collectibles
Artwork from your children
Any other décor that is personal in nature

Until the home is sold, keep these items in storage so you can improve your chances of selling the house quickly.

Generalize Your Rooms

When searching for a new house, most buyers are looking for basic rooms such as bedrooms and bathrooms. This means they aren’t looking for specialty rooms such as weight rooms, music rooms, sewing rooms, home offices, and other similar spaces. Therefore, if you transformed one of the bedrooms into one of these rooms, change it back to a bedroom while the house is on the market. If you have painted all of the walls black in order to create your own photo lab, it will make it difficult for the potential buyer to picture it as a bedroom.

Consider the Five Senses

When preparing for a house showing, you should keep the five senses in mind:

Sight
Smell
Taste
Hearing
Touch

Pay as much attention as you can to each of these senses and make sure they are all pleased by the state of your home. Some sellers use little tricks such as baking apple pies during showings. This helps warm up the home while also pleasing the sense of smell. You can then offer a slice to your guests in order to please their sense of taste as well!

In order to please the sense of sight, open up the shades and let the natural light flow inside. If you have pets, keep them out of sight during the showing and find ways to brighten up the home with color. Hanging flower baskets or vases filled with flowers inside can really help to cheer up a home.

To please the sense of hearing, you might play some soft background music as you show your guests around. Then, invite them to sit down on your most comfortable couch in order to spark their sense of touch.

With these simple tricks, you don’t have to spend a whole lot of money – you may not even have to spend a single cent – but it will sure go a long way toward impressing those that are interested in purchasing your house.

About the Author:

Greg Sullivan is the President of www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit www.byownermls.com.

Tuesday, April 1, 2008

ByOwnerMLS Real Estate Trends - March 2008

ByOwnerMLS Real Estate Trends
Most Popular*
Top Cities
1. Chicago, IL
2. Miami, FL
3. Virginia Beach, VA
4. Philadelphia, PA
5. Louisville, KY
6. Raleigh, NC
7. Houston, TX
8. Orlando, FL
9. Brooklyn, NY
10. Huntsville, AL
Top States
1. Florida
2. Texas
3. North Carolina
4. Georgia
5. Illinois
6. New York
7. Pennsylvania
8. New Jersey
9. Virginia
10. Tennessee
Most Viewed Properties
1. Log Cabin - $219,000 - Towanda, PA
2. Log Cabin - $195,800 - Cuba, NY
3. Condo/Townhome - $369,000 - Wildwood, NJ
4. Cabin/Home - $450,000 - McVeytown, PA
5. Other - $120,000 - La Follette, TN
6. Other - $190,500 - Buford, GA
7. Condo/Townhome - $183,500 - Brandon, FL
8. Duplex/Triplex - $329,900 - Philadelphia, PA
9. Farm/Ranch - $139,500 - Creston, NC
10. Duplex/Triplex - $220,000 - Louisville, KY
*Based on property views on ByOwnerMLS.com in March 2008.

About the Author:

Greg Sullivan is the President of www.ByOwnerMLS.com, a For Sale By Owner MLS service, the leading real estate search engine of homes for sale by owner (FSBO). For more information, please visit www.byownermls.com.