Pamela Bailey
RE/MAX On the Move | Insight | Advantage | 603-770-0369 | [email protected]


Posted by Pamela Bailey on 2/24/2021

The idea of a tight-knit neighborhood seems like an artifact of a simpler time in our country. And, in many ways, it is. Improvements in transportation and technology make it easier than ever to be connected with friends and family across the country and around the world.

However, there are still many good reasons to get to know your neighbors, aside from as a common courtesy. In this article, weíll break down those reasons for you.

A watchful eye

If you plan on going for an extended vacation, itís good to know at least one neighbor who you can trust to watch over your home while youíre away. That can include reporting any suspicious behavior and bringing in your mail so that it isn't obvious that your home is empty.

If you have kids, your neighbors are a good way to find out about any neighborhood news and safety concerns you should be aware of, which brings us to our next reason to get to know your neighbor.

Learning about the neighborhood

When you move into a new community, there often arenít many ways to learn about the local events and places of interest. Introducing yourself to your new neighbors is a good way to learn about the place you moved to. Itís also a way to ask about any concerns you may have, such as traffic, noise level, or road safety if you have children who will be playing outside.

A helping hand

Like we mentioned before, itís good to have trustworthy neighbors while youíre on vacation for home security reasons. However, itís also a good opportunity to have neighborhood kids lend a hand while youíre away. You can pay them to mow your lawn, water the grass or flowers, and feed your pets. This makes your life easier and teaches them a lesson in work and reward.

Lending tools and services

Itís good to know a few neighbors with tools that you donít have so that you can let one another borrow seldom-used tools rather than buying or renting them just for the occasional use.

Similarly, if you have an elderly neighbor, itís a rewarding gesture to help them out when you see they need help with groceries, shoveling, or other physically demanding tasks. Those small gestures can also go a long way when it comes to gaining a friend in the neighborhood who you can count on for the local news.

No ill-will between good neighbors

Letís face it, neighbors can be a source of annoyance at times. If itís late on a school night and your neighbors are being noisy while you and your children are trying to sleep, youíll have a lot better chance of getting them to quiet down if you have an established, friendly relationship.

Similarly, if you have a family cookout and need to park cars in front of their lawn, theyíre more likely to not mind if youíve helped them out in the past.


So, for these five reasons, and for many others, it pays to get to know your neighbors.

 




Categories: Uncategorized  


Posted by Pamela Bailey on 2/17/2021

Although location is one of the most important factors that will impact the marketability of your home, it's not the only thing prospective buyers are thinking about.

If they're organized, focused, and serious about finding the right property for their needs, they've probably developed a detailed checklist of "must haves" and a "wish list."

In all likelihood, those who are working with a real estate agent are being shown properties that conform to their requirements and many of their wish-list items. A comprehensive list would include everything from the number of bedrooms and bathrooms they want to square footage and the quality of the school district.

Many people also have specific preferences about features like floor plans, amount of storage space, the size of the backyard, architectural style, and the availability of a fireplace, patio, porch, deck, eat-in kitchen, two-car garage, and privacy features. Some are even looking for the traditional white picket fence in front of the house!

While your home can't be "all things to all people," it is highly recommended to target the widest possible audience. Your agent, a home staging consultant, or a home decorator can provide you with valuable tips on how to achieve that outcome.

Stand Out and Get Noticed

Just looking good on paper, though, is not always enough to attract motivated buyers. Prospects need to love what they see and be inspired to envision themselves living in your house. Doing what you can to create irresistible curb appeal is one vital aspect of making a great first impression. A manicured lawn, a fresh coat of paint (if needed), and some strategic home staging -- inside and out -- can make all the difference in your results!

Curb appeal is vitally important because that sets the stage, so to speak, for creating high expectations in your prospects. Once you get them in a positive frame of mind, they'll be more inclined to notice all the positive aspects of your home. If your house meets all or most of their requirements and is arranged in a way that's pleasing to them, a purchase offer and negotiations may be right around the corner.

One of the most crucial hurdles to clear in getting prospects to consider buying your house is to help them imagine living, relaxing, raising a family, and pursuing their interests in your home. Your real estate agent can help you effectively stage the interior and exterior of your home to make it inviting and appealing to the widest range of potential buyers.

You can support their sales and marketing efforts by making sure your home is always clean, fresh smelling, and ready to be shown at a moment's notice to house hunters. Doing your best to eliminate clutter, keeping counter tops neat, and making sure pets are on their best behavior (or happily frolicking at the local "doggie daycare" center) can play a key role in winning over interested buyers and successfully selling your home!





Posted by Pamela Bailey on 2/10/2021

Believe it or not, the process of buying a home can become long and complicated. And if you're not careful, you may encounter many hurdles that prevent you from acquiring your dream residence.

Lucky for you, we're here to teach you about the ins and outs of buying a house and help you simplify the process of going from homebuyer to homeowner.

Now, let's take a look at three common misconceptions associated with buying a home.

1. You will be able to acquire a house in a matter of days.

The process of locating your dream home is unlikely to happen overnight. Instead, a homebuyer usually will need to perform extensive housing market research to discover a residence that meets or exceeds his or her expectations.

Typically, a homebuyer will look at several houses before he or she can find the right residence. This homebuyer then will need to submit an offer on a house. And if a home seller accepts the homebuyer's proposal, a home inspection will need to be completed before a home purchase is finalized.

It is important to set realistic expectations for your home search. In most instances, it may take a few weeks or months to find your perfect residence. But with a diligent approach to your home search, you'll be able to discover a house that can serve you well for years to come.

2. You will be able to buy a home for less than a property's initial asking price.

Understanding the differences between a buyer's market and a seller's market is essential for a homebuyer.

In a buyer's market, many high-quality residences are available. This market usually favors homebuyers, and in many instances, enables property buyers to secure great houses at budget-friendly prices.

On the other hand, a seller's market features a shortage of first-rate properties. As a result, this market favors home sellers, and many homebuyers may compete with one another to secure the best houses.

Regardless of whether you're operating in a buyer's or seller's market, it is paramount to avoid the temptation to submit a "lowball" offer on a residence. By doing so, a homebuyer can minimize the risk of missing out on an opportunity to acquire his or her perfect residence.

3. You can find your dream home without help from a real estate agent.

When it comes to buying a house, the early bird catches the worm. Therefore, an informed, persistent homebuyer is more likely than others to locate a terrific home at an affordable price.

Ultimately, working with a real estate agent is ideal. With a real estate agent at your side, you can receive expert assistance throughout the homebuying journey.

A real estate agent will set up home showings, keep you up to date about new houses as they become available and much more. He or she also will respond to your homebuying questions and ensure you can acquire a stellar home in no time at all.

Take the guesswork out of buying a house Ė collaborate with a real estate agent, and you can make your homeownership dreams come true.




Categories: Uncategorized  


Posted by Pamela Bailey on 2/3/2021

Image by Annie Gray from Unsplash

If you are handy with home repair, you could buy a more expensive house if you are willing to put some work into it. Many foreclosures are often sold “as is,” and require some work. The seller may also be more open to negotiating a lower price based on the number of repairs that need to be done. You could save quite a bit of money if you can do a lot of the work yourself.

The Down Payment

If you budgeted $300,000 for a home, you probably have the 20 percent down payment saved up already. Instead of putting all of that down payment on a $300,000 house, you could purchase a home that would be worth $400,000 if it didn’t need work. Instead, the sellers have listed the home for $200,000. Instead of putting $60,000 down on a home that is ready to move into, you could get a larger home and put down with a $40,000 down payment. That gives you $20,000 that you already saved to put into repairs.

Special Loans

Some lenders have loan programs that are specifically for fixer-uppers. They lend you the amount needed to purchase the home and extra money to make repairs to the house. However, you will have to follow the lenderís rules. The rules vary from lender to lender, but could include:

  • Doing a percentage of the work yourself;
  • Living on the property; and
  • Completing a portion of the work within a specific amount of time.

If you already plan on doing most or all of the work yourself, youíve met that condition. If you are required to live on the property, you could set up an RV or live in a section of the house that doesnít need extensive repairs. You could even convert an outbuilding to an in-law apartment.

The hardest part is committing to completing a percentage of the work within a specific amount of time. If you work all day, you only have nights and weekends to work on the house.

Know What Has to Be Done

Before you commit to a loan with terms for extra money to fix up a home, go through the house to make a list of everything that absolutely must be done. You might make a second list of things that you would like to do, but do not stop you from living in the house. Determine the costs of the “must-do” repairs to make sure you have enough money to make those repairs. Then, estimate the amount of time it will take you to make those repairs. You might want to pad the time since Murphy’s Law loves to interfere with your best intentions.

Once you determine that you have enough money to at least get the house habitable and can do it within the lender’s terms, you are ready to make a bid!





Posted by Pamela Bailey on 1/27/2021

If you plan to sell your house, you likely will want to do everything you can to maximize its value. Lucky for you, we're here to help you obtain the best offer for your house, regardless of whether you're operating in a buyer's or seller's market.

Now, let's take a look at three tips to help you get the best price for your residence.

1. Enhance Your House's Curb Appeal

Curb appeal is a difference-maker for any home seller, at any time. If you allocate time and resources to boost your house's curb appeal, you may be able to differentiate your residence from the competition. Perhaps most important, improving your home's curb appeal may help you increase the likelihood of a fast, profitable home selling experience.

To improve your house's curb appeal, you should mow the front lawn, trim the hedges and perform any necessary home exterior upgrades. Consider the homebuyer's perspective, and you're sure to find lots of ways to enhance your house's appearance.

In addition, if you need help with home exterior upgrades, there is no need to stress. Many home improvement professionals are available in cities and towns nationwide, and these professionals are happy to help you transform your home's exterior from drab to fab.

2. Determine the Current Value of Your Home

A home appraisal may prove to be exceedingly valuable, particularly for a seller who wants to establish a competitive initial asking price for his or her house.

During a home appraisal, a property expert will examine a residence both inside and out. This expert also will evaluate various housing market data. Then, the property expert will provide a property valuation based on the appraisal results.

Once you receive a property appraisal report, you'll have a good idea about the current value of your residence. You next can use a property valuation to set a competitive price for your home from day one of the house selling journey.

3. Collaborate with a Real Estate Agent

As you look for ways to earn as much money as possible from your home sale, you may want to consider working with a real estate agent. Because if you have a real estate agent at your side, you can receive plenty of support at each stage of the home selling journey.

A real estate agent understands what it takes to optimize the value of a home. First, he or she will meet with you and learn about your house selling goals. A real estate agent then will help you determine the ideal initial asking price for your residence and promote your house to potential buyers. And if you receive an offer to purchase, a real estate agent will provide a recommendation about how to proceed.

Want to achieve the best-possible results during the home selling journey? Use the aforementioned tips, and you can move one step closer to maximizing the value of your house.