Sunday, January 22, 2023 / by Chelsea Hilderbrand
Three things to focus on when preparing your home for the market.
It is crucial to thoughtfully prepare your home before you put it up for sale. A home that is correctly staged and prepped will sell for thousands of dollars more. However, how do you know where to start? There are a lot of things you could prioritize, and you don’t want to put your time and money into the wrong things. That is why I have created a list of three things to focus on when preparing your home:
1. Do the three d’s. They are: declutter, depersonalize, and deep clean. These are the basics that shouldn’t be overlooked. Move as much of your stuff as you can into a storage locker or your friend’s garage temporarily to make your house look bigger. Take down your pictures and other personalized trinkets so potential buyers can picture their family in the home, not yours. Then make sure every surface is as clean as it can be, inside and out. Don’t forget about things lik; ...
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Monday, January 2, 2023 / by Chelsea Hilderbrand
Should you sell your primary residence or turn it into a rental property?
If you’ve been paying attention to the news, you know that inflation is high and the cost of living is increasing almost everywhere. At the same time, home values are increasing, and property taxes are rising with them. If you want to make a wise real estate decision in this environment, what should you do?
There are two main ways for homeowners to get value out of their current properties. First, you can sell the home and get your equity out of it. However, a less conventional strategy is becoming more popular in our area: converting your primary residence into a rental.
How do you do that? First, you need to speak with your lender if you haven’t paid off your mortgage. You typically can’t use a primary residence loan for investment purposes, so you may have to change the terms of your mortgage or wait until it is paid in full. Also, you must have lived in your home for at le; ...
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Friday, December 9, 2022 / by Chelsea Hilderbrand
When you’re selling your home, make sure to avoid these common mistakes.
Pricing your home correctly is one of the hardest parts of selling your home, but it is also one of the most important. Having the right price can make or break your home sale, especially in today’s constantly changing market. Things are starting to shift away from the white-hot seller’s market, so it is getting increasingly important that you are competitive. That’s why I’m here today with some advice on how to price correctly and what common mistakes to avoid.
First, it’s crucial to not get caught up in sentimental value. You may think your home is worth the moon because of the wonderful memories you’ve made in it, which is completely understandable, but now it is time for a new family to get the chance to make memories there, so present a price that makes that possible.
Also, remember that not all of your fix-up projects will get a dollar-for-dollar r. ...
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Wednesday, November 16, 2022 / by Chelsea Hilderbrand
What buyers and sellers should do as the housing market crashes.
What can you do to prepare for the market crash? In my last blog, I talked about when the market would crash and how it has already started. I used the analogy of a roller coaster ride and how we’re just at the front of the ride and only starting to go down. Prices have already started to drop, but we’re waiting for the back of the roller coaster to catch up so we can start accelerating.
Sellers wish they stepped out before they got buckled into this ride—don’t worry, there’s still hope right now. With the last crash, it took ten years before the market recovered from where it was previously to reach that same peak, so if you want to sell sometime within the next ten years, now is the best time. For buyers, you want to make sure that your monthly payment will be comfortable for the next few years; if you were to rent out your property, the rental income should cover your month! ...
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Tuesday, November 8, 2022 / by Chelsea Hilderbrand
Here’s when to expect the market crash and how it affects home prices.
When can you expect the market to crash? First, I think it’s important to know that the market is already going down. From the peak of prices we had back in April to where we are now, we’re already down 10% to 20%. With a decrease like that, you can see that we’ve already started the downward trajectory.
Think of it as if you’re going on a roller coaster. We are at the front of the roller coaster, now we’re starting to head down, and we’re looking over the edge. The back is still not quite coming down, so we’re falling, but we can’t see the bottom yet. It’s not going to stop before it accelerates down.
If you like roller coasters, you know the exhilaration that occurs as you’re speeding down. Unfortunately, for home sellers, this means that prices are dropping, and they’ll continue to do so. My next video will cover what y; ...
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