Candace Carlson
Candace Carlson
Windermere Real Estate/ S.C.A., Inc

Home Buyers/Sellers Optimistic

Posted on April 23, 2010
First-Time Home Buyers, Sellers Optimistic
 

More than 48 percent of first-time buyers expect home prices to increase by this time next year, according to a recent real estate survey.

The survey posed questions to people who had bought or sold a home in the last year.

Sixty percent of first-time home buyers say they didn’t understand the process of buying a home, and more than 85 percent of both first-time buyers and sellers said that using a real estate professional was important.

The top three skills valued in a real estate professional by both buyers and sellers were knowledge of the area, trustworthiness, and responsiveness.

More than 80 percent of buyers believe now is a good time to buy a home. First-time home buyers rated these three factors as the most influential in their decision:

Current housing prices: 66 percent
Home Buyer tax credit: 63 percent
Low loan rates: 60 percent

In choosing a home, 95 percent of first-time home buyers thought price was the most important consideration, but 90 percent were also very concerned about neighborhood safety.

About 54 percent of first-time sellers think home prices are more affordable now than they were this time last year, and 50 percent were selling because they were purchasing a property they saw as more attractive and better suited to their needs.

Home Staging Tips That Focus on Largest Customer Segments

Posted on April 15, 2010
 

The busy spring buying and selling season is underway and as a stagng expert, I am  offering staging tips to get your home ready for sale. A quicker home sale can be reached by keeping in mind the needs of the home’s most likely buyer and creating a fresh inspiring look just for them, according to Pulte Homes expert Janice Jones, national vice president of merchandising.

“Everyone understands the value of de-cluttering, cleaning and refreshing a home in today’s competitive market,” Jones said. “The difference between a ‘For Sale’ and a ‘Sold’ sign often boils down to effectively staging a home to appeal to young singles, families or empty nesters—the three largest customer segments that are likely to buy your home. Home sellers should have a good idea of the type of buyer who will make an offer and, since everyone likes an updated home, some simple refreshes can achieve an updated look and feel.”

Jones recommends conducting a technology overhaul prior to staging your home. “Old technology will date your home and you seldom have a second chance to make a positive first impression,” she said. “Flat screen TVs, lap top computers, iPods with docking stations and wireless technology have eliminated the need for large bulky entertainment centers or massive desks designed to hide wiring. Once you’ve rid your home of bulky, dated stereos and TVs, it’s time to hone in on attracting prospects.”

For singles, Jones recommends emphasizing sleeping spaces and the living room, which are critical to this group. “Singles will spend a lot of time in the living room and the bedroom, which are their sanctuaries from the outside world. As a result, there is no need to set the dining room table with place settings,” Jones said. “Instead, focus on a simple TV stand with clean lines, a flat screen TV and candles in the bedroom and bathroom.”

Young families tend to revolve around children. Items that help this demographic envision themselves living in the space include age-appropriate bedding, linens and towels, a bright rug near play areas, and strategically placed toy chests with open tops. Since kids often play or watch TV on the floor, eliminate the coffee table to create a living room that appears larger and more inviting. Jones notes to remember about the garage when staging for families. “Organize children’s toys and sports equipment to showcase the garage’s storage capacity without compromising functionality,” she said.

Empty nesters tend to seek an upgrade in quality features. Upgrading bath accessories like towel bars and toilet paper holders or decorative hanging lights to a better quality and newer style will make an impact. If the budget allows, upgrading the refrigerator, stove and dishwasher can draw in a buyer. Lighting is also a key feature for this group. Jones advises ensuring living spaces maximize natural light. If lighting is less than ideal, add lamps or a ceiling fan with light fixtures. It’s important to open heavy blinds or window coverings when showing the home.

An absolute “must” for home stagers regardless of which demographic being targeted is color. Most sellers are instructed to use neutral colors when repainting. However, adding the right punch of color to accent walls can create depth, enhance kitchen cabinets, or bring a boring bathroom to life.

Homeowners can find color in simple accessories, like throw pillows, coffee table books, and decorative canisters. Neutral colors in flooring materials, upholstery pieces and window dressing work well because they enhance brighter accents.

When choosing colors, Jones cautions homeowners to be aware of their sensory impact:

- Red is stimulating and encourages self confidence

- Orange promotes happiness and celebration

- Yellow is uplifting and light-hearted

- Blue is calming in softer tones and promotes clarity in deeper tones

- Green is the color of nature—it feels fresh and rejuvenating

- Aqua is restful while pink is gentle and sweet—making a great pair

- Purple tones bring out a sense of compassion

“The key is to experiment and put yourself in the shoes of the prospective home buyer,” Jones said. “It may be helpful to ask a friend or relative for a brutally honest opinion before and after you start staging. You may be surprised how little changes—with a little budget—can make a huge difference to a prospective buyer.”

64 Days and Counting!

Posted on February 25, 2010
There are only 64 Days left to take advantage of the Homebuyer Tax Credit.
 
Some of the most commonly asked questions are: 
          
           "Do I have to sell my current home in order to take advantage of the move up buyers tax credit?" The answer is no!! As long as you have lived in your current home for more than five consecutive years, you will qualify.
 
                  "Is there a cap on the cost of a new purchased home?" The answer is yes! There is an $800,000 cap, any amount above $800,000 makes it ineligible for any portion of the credit.
 
                  "In the existing homeowners credit, must the new house cost more than the new house?" The answer is no, thus for example individuals who move from a high cost area to a lower cost area and whom meet all eligibility requirements will qualify.
 
 
 

4 Reasons to Sell Now

Posted on February 12, 2010

Daily Real Estate News  |   February 8, 2010  |   Share
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.


1. Sell low and buy low. Because all property values are down, the loss on the property a home owner sells is really only a paper loss because the next property he buys also will be a bargain. If he buys smartly, when prices come back up in a few years, he’ll be in better shape.

2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment assistance for lower-income and first-time home buyers. Programs vary all over the country, but one good way to find them is to search online for “down-payment assistance programs” and the name of your region.

3. Your uncle has money to share. Besides the $8,000 first-time home buyer tax credit and the $6,500 move-up credit, there are an array of energy tax credits that can make home improvements pay off in cash.

4. Good help is available. Really talented real estate practitioners, contractors, and designers are available and eager for business.

Source: McClatchy Tribune, Kate Forgach (02/07/2010)

We Would Love Your Feedback!!

Posted on February 9, 2010
I started this blog to help buyers and sellers with a few tips to help make the buying and selling proccess a little easier. I have noticed that there are a few of you out there that are reading it. I would love to know what you think of the content that I have been putting in this, or if I need to focus a little more on specific things. I would also be more than happy to answer any questions that anyone may have about any of the content. I will continue to post as much pertanent information as I can. I look forward to hearing your comments!!

Move-up Tax Credit

Posted on February 4, 2010

Hello Everyone, Here is some info for you that you may want to know!

 

 

6 Surprising Facts About the Buyer Tax Credit
The homebuyer tax credit is not as simple or straightforward as you might think. Here are some nuances that will affect homebuyers who plan to use it.

 

 

 

  • To qualify for the move-up tax credit, a home owner must have occupied the same principal residence for five of the last eight years consecutively.

     

     

  • Buyers can elect to claim the credit on either their 2009 or their 2010 tax return, whichever is best for them.

     

     

  • Buyers who claim the credit in 2009 can’t file electronically because the Internal Revenue Service hasn’t put the required forms on line. The wait for a refund is three or four months.

     

     

  • The home can be a mobile home or travel trailer that is fixed to land owned or leased by the home owner. A mobile home or travel trailer that is actually mobile doesn’t qualify.

     

     

  • The home can’t be purchased from a close relative, including a parent, spouse, child, grandparent or grandchild.

     

     

  • A buyer who earns no taxable income or doesn’t owe any federal income tax can qualify for the tax credit and file a tax return just to claim it.

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Daily Tip #10 - Posted on January 12, 2010
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Daily Tip #7 & #8 - Posted on January 8, 2010
Daily tip #6 - Posted on January 5, 2010
Daily Tip #5 - Posted on January 5, 2010
Daily Tip #4 - Posted on January 5, 2010
Daily Tip #3 - Posted on January 5, 2010
Daily Tip #2 - Posted on January 4, 2010
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New Year means New Blog - Posted on January 4, 2010
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