Jill Kelly - Coldwell Banker Residential Brokerage - Westwood



Posted by Jill Kelly on 1/16/2018

There are countless reasons a homeowner might want to sell their home and buy another. Some want to move for a change of scenery or to relocate for work. Others are parents with a recently empty nest who want to downsize to something more affordable that meets their needs.

The good news for second time homebuyers is that you already have an idea of what to expect when buying a home. The research, paperwork, disappointments, and delays that come with buying a home can all be prepared for. However, if you have the burden of selling your old home, finding a temporary place to live, and then moving into a new one, your responsibilities can be doubled or tripled.

In this guide, weíll go over how to prepare for selling your old home and moving into the new one. Weíll cover some common mistakes and offer some advice to keep you sane throughout this daunting (but exciting!) process.

Buying or selling first

For most homeowners, selling first makes the most sense financially. Holding onto a second house often means having to make two mortgage payments at once. Similarly, selling first will give you a much clearer idea of your budget for your new home.

Depending on market conditions, your home may or may not sell for as much as you were hoping. Itís important to keep this in mind before signing onto a new mortgage.

Moving logistics

Once you sell your home, youíll have to work out living and storage arrangements until you are ready to move into your new home. It may seem easy at first--just rent for a couple months until your move-in date, right? It isnít always that simple, however, as deals can sometimes fall through and you can find yourself with a move-out date from your own home without having finalized a deal on your new home. Because of this, many homeowners elect to may their current mortgage for an extra month or two until they can move in to their new home. 

Research your options for short-term living and storage in your area. See if you can work with moving companies who will give you a discount for helping you move twice; once to the storage facility and again to your new home.

One way around this is to time your move out and move-in dates so that you donít have to worry about storage. Some homebuyers will even move into the new home before officially closing on the home (i.e., take possession before closing). While this may be convenient, it can also be dangerous for the buyer and the seller.

Plan meticulously

One of the best piece of advice we can give is to stick to your schedule and keep good records during your buying and selling processes. Make sure whoever buys your home is aware of your plans for moving out and that anything that could delay those plans (inspection issues, moving logistics) are taken care of.  

Keeping track of all this information can be difficult, so donít be afraid to keep a daily list or planner of the things you need to take care of, and never be afraid to reach out to your real estate agent who will often be able to advise you on the best way to make your move as smooth a process as possible.





Posted by Jill Kelly on 10/24/2017

Let's face it Ė in today's fierce real estate market, home sellers need any competitive advantage that they can get. Lucky for you, real estate agents are available to ensure that you can maximize the value of your residence.

After you hire a real estate agent, the home selling may move quickly. In fact, the most common steps associated with the home selling process include:

1. Prepping Your House

As a home seller, you'll want to do everything possible to ensure that your residence looks great both inside and out.

Your real estate agent can help you prep your house before it is listed on the housing market. He or she may offer tips about how you can transform your home's ordinary interior into an exceptional one. Plus, your real estate agent can put you in touch with home cleaning companies, landscapers, painters and other home improvement professionals who can help you take your home's appearance to the next level.

2. Hosting Open Houses and Home Showings

Open houses and home showings represent essential parts of the home selling and homebuying cycles. For home sellers, these events enable you to showcase your residence to a large group of homebuyers quickly. Meanwhile, open houses and home showings enable homebuyers to browse a wide range of properties without delay.

Your real estate agent will keep you up to date about open houses and home showings. This real estate professional will always provide you with sufficient notice any time a homebuyer wants to check out your home as well.

Hosting open houses and home showings can be stressful, particularly for home sellers who have already committed substantial time and resources to improve their properties. Fortunately, your real estate agent will set up plenty of open houses and home showings to generate substantial interest in your property. He or she also will share homebuyers' feedback with you, ensuring that you can complete myriad home maintenance and upgrade projects as needed.

3. Responding to Home Offers

After your home reaches the real estate market, it may be only a matter of days before you receive your first offer.

Your real estate agent will inform you about any offers on your residence, and you likely will have 24 to 48 hours to determine whether to accept, decline or counter a homebuyer's proposal.

Although you only have a short amount of time to assess a homebuyer's offer, your real estate agent is happy to help you determine how to proceed. This real estate professional will enable you to establish realistic expectations for your home before you list your property. That way, you'll be able to see how your home stacks up against the competition and price it properly.

Furthermore, your real estate agent will negotiate with a homebuyer on your behalf. And if you don't feel comfortable with an offer on your home, your real estate agent will respond to a homebuyer's proposal accordingly.

There is no need to stress when you sell your home. If you hire an experienced real estate agent, you should have no trouble accelerating the home selling process and optimizing the value of your residence.




Categories: Uncategorized  


Posted by Jill Kelly on 8/15/2017

For home sellers, it is essential to dedicate the necessary time and resources to streamline the process of adding your property to the real estate market. In addition, you should prepare for any challenges that you may encounter after your home is listed. By doing so, you can avoid many costly mistakes.

Ultimately, there are numerous costly mistakes that may prevent a home seller from optimizing the value of his or her residence, including:

1. Underestimating Your Closing Costs

Closing costs may put a major dent in how much you obtain for your house. Fortunately, you can calculate your closing costs before you sell your home.

Consider all of the expenses that may be included in your closing costs. From attorney and other professional fees to excise tax expenses, you'll want to account for any and all costs that may impact how much you'll earn for your house.

Also, if you ever have concerns or questions about closing costs, be sure to consult with a real estate agent. This housing market professional can explain how closing costs work and help you plan accordingly.

2. Guessing Your Home's Price

What you paid for your home several years ago is unlikely to be what the same as what your house is worth today. Thankfully, you can meet with a home appraiser to determine the true value of your property.

A home appraisal offers a great first step to determining the right price for your home. Meanwhile, a home appraiser may be able to help you identify home problems that you can correct prior to adding your home to the real estate market.

Furthermore, don't forget to check out the prices of comparable homes that are available in your area. This will provide you with the housing market data that you need you to price your home competitively from the get-go, boosting your chances for a quick home sale.

3. Letting Your Emotions Get in the Way

Let's face it Ė listing your home can be stressful, particularly for a first-time home seller. However, it is important to do whatever you can to prevent your emotions from getting in the way of selling your home.

Setting realistic home selling expectations may enable you to remain calm, cool and collected after you list your property. Luckily, real estate agents are available to guide you along the home selling journey and ensure that you are fully supported at every stage.

Your real estate agent will offer expert tips and recommendations, allowing you to understand the ins and outs of the real estate market. He or she also will negotiate with homebuyers on your behalf, keep you up to date about offers on your residences and host open houses to promote your residence to a broad array of homebuyers. Thus, your real estate agent can help you avoid the stress and anxiety that is commonly associated with selling a home.

Avoid the aforementioned home selling mistakes, and you should have no trouble maximizing the value of your residence.




Categories: Uncategorized  


Posted by Jill Kelly on 6/27/2017

There are several undeniable benefits to having an occasional garage sale on your property, but there's a lot more to it than just setting out a few unwanted items in your driveway and raking in the cash. If you're an entrepreneur at heart, then holding a garage sale should be second nature to you. Good organizational skills and a basic knowledge of advertising is helpful, as is the ability to do a little friendly negotiating. By adopting the mindset of a small business owner, you'll tend to be more effective in dealing with the many details of planning and running a garage sale. From putting up signage and doing advertising to handling customer relations and merchandising, knowing the basics of business marketing will definitely be to your advantage. If you've never held a yard sale before -- or if you could use a quick refresher course -- here are few helpful tips:

  1. Cost-effective advertising: While cheap classified ads can help draw a bevy of eager bargain hunters to your home, you can also get a lot of mileage out of free forms of advertising. Garage sale signs, which can be purchased cheaply at any hardware store, can attract dozens of potential customers. In addition to posting a sign directly in from of your house, other good spots are nearby intersections and street corners. Handmade signs can sometimes work, but they have to legible, easy to read, and rigid enough to resist wind and moisture. Other free methods of advertising include flyers, posting announcements on social media, and taking out free ads on Craigslist.
  2. Preparation and presentation: When the day of your garage sale arrives, you need to be organized, prepared, and ready to welcome your first customers early in the morning. Publicizing the hours of your sales event is a necessary part of the planning process, but don't be surprised if you see a few cars starting to pull up before you've finished carrying all your items out to your driveway. Garage sales always attract hard-core bargain hunters who do not want to miss a single item. In all likelihood, the first few hours will be the busiest, and attendance will probably drop off in the afternoon. As far as preparation, getting all your items set aside and labeled (priced) the night before will help avoid last-minute stress, awkward delays in getting started, lost sales, and impatient customers. Display tables are optional, but will make it easier for people to browse your sale items.
  3. Time investment: While some families devote the entire day -- or even the whole weekend -- to their garage sale, others limit the event to four hours on a Saturday or Sunday morning. A lot depends on your patience, how fast your items get sold, and whether you have any plans for the afternoon. At a certain point, you'll start noticing diminishing returns on your time, so you might decide to wrap things up and count your money around noon.
Holding a yard sale can be a great way to make some extra money and get rid of household clutter, but be prepared to devote time and energy to the event -- before, during, and after. Mother Nature can also be a factor in the timing of a garage sale, so keep an eye on the forecasts and reschedule if the weather doesn't cooperate.




Categories: Uncategorized  


Posted by Jill Kelly on 6/6/2017

Selling a home can be a major hassle. Lucky for you, family members and friends may be able to lend a helping hand as you prep your house for the real estate market.

There are many reasons why you should include loved ones in the home selling journey, including:

1. Loved ones can help you promote your house to potential property buyers.

Family members and friends can share details about your home with large groups of potential homebuyers. That way, you can boost your chances of stirring up interest in your home as soon as your residence hits the real estate market.

Encourage family members and friends to promote your home via social media and word of mouth. If loved ones allocate plenty of time and resources to share information about your home with others, they may be able to help you get the optimal results during the home selling journey.

2. Loved ones can help you complete assorted home improvement projects.

Although your home may look great both inside and out, there may be minor property improvement tasks that you need to complete before you add your house to the real estate market. Fortunately, loved ones may be able to help you finish assorted home improvement tasks.

Family members and friends may be able to assist you as you clean your house. They might even be able to take excess items off your hands so you can declutter your residence quickly and effectively.

Furthermore, loved ones may be able to offer expert recommendations for various home repair projects. And if you need major home repairs like roof maintenance or a complete backyard overhaul, family members and friends may be able to help you get in touch with the right home repair professionals.

3. Loved ones can help you minimize stress at each stage of the homebuying journey.

The process of selling a home can be long and arduous, especially for those who choose to embark on the home selling journey alone. However, loved ones can help you stay calm, cool and collected throughout this journey, regardless of what happens.

Family members and friends are happy to support you in any way possible. As such, they will listen to your home selling concerns and queries and ensure you can minimize stress time and time again.

Also, loved ones may be able to provide home selling insights that you might struggle to receive elsewhere. If family members or friends have sold homes in the past, they can offer guidance to help you streamline the home selling journey.

If you need extra help with selling your home, don't hesitate to reach out to a real estate agent, either. This housing market professional understands the ins and outs of the real estate sector and will help you generate substantial interest in your property.

Ready to add your house to the real estate market? Get your loved ones involved in the home selling process, and you can move one step closer to optimizing the value of your residence.




Categories: Uncategorized