Is My Home Ready To Sell?

Giving Your Home the One-the Market Makeover

You work with a Certified Residential Specialist because they are best able to sell your home quickly and profitably.  But remember:  Your relationship with your Certified Residential Specialist is a partnership.  While they market your property and screen potential buyers, it’s up to you to give your home a simple, inexpensive sprucing up that can go a long way toward a speedy sale.

With that in mind, here are some helpful hints gathered from Certified Residential Specialists across the country.

Before the Showings Begin

Hint: First Impressions are Lasting Impressions

The exterior of your home often determines how buyers will view the interior, so:

-        Make sure your front entrance is clean and inviting.

-        Paint or replace your front door if it’s faded or worn.

-        Add some paint to shutters, trim and any other outside features showing sign of wear.

Hint: Beauty is More than Skin Deep

Buyers often see the surface condition of your home as a sign of what’s underneath, so:

-        Keep windows and floors clean.

-        Replace faded wallpaper and glue any areas that have come away from the wall.

-        Repair worn woodwork.

-        Repaint Scarred or dirty walls in a neutral color.

-        Steam clean carpeting or replace it if necessary.

-        Repair loose knobs, sticking doors and windows, warped cabinet drawers, broken light switches and other minor flaws.

-        Check and repair caulking in bathtubs and showers.

Cynthia Schmier, Broker/Owner      
CRS, CDPE, CNE, CIAS, MDI, 5-STAR
RE/MAX Country
Cynthia@Cynthia-Online.com
(360) 400-3475

Say Yes to CRS

Buying or selling a home can seem like an overwhelming task.  But the right REALTOR can make the process easier – and more profitable.

            A Certified Residential Specialist (CRS), with years of experience and success, will help you make smart decisions in a fast-paced, complex and competitive marketplace.

            To earn the CRS designation, REALTORS must demonstrate outstanding professional achievements – including high-volume sales – and pursue advanced training in areas such as finance, marketing and technology.  They must also maintain membership in the NATIONAL ASSOCIATION OF REALTORS and abide by its Code of Ethics.

            Work with a REALTOR who belongs in the top 3 percent in the nation.  Contact a CRS today.

5 Things To Do Before You Sell Your Home

Putting your home on the market isn’t as simple as placing a FOR SALE sign in your yard. There are several steps to take prior to listing your home that will make the transaction smoother and quicker.

One. Hire a real estate agent.

It may be tempting to list your home on your own to avoid paying a sales commission, but selling your home is a full-time job itself. A real estate professional represents the best opportunity to earn the maximum amount from your home’s sale. An agent will recommend the best listing price, market your home effectively and show your home to buyers. An agent also recognizes what buyers are looking for in a new home.

Two. Get your home inspected.

You are required to disclose any problems with your property to prospective buyers. Failure to do so will lead to further complications, even if you weren’t aware of the flaws ahead of time. Hire a professional inspector to identify and document any problems with your property. Also, make sure your home has a clean bill of health from termites.

Three. Make repairs ahead of time.

A long list of necessary repairs is a manor put-off for most buyers, who may decide to move on rather than deal with the headache of fixing up the home. Do as many repairs yourself as possible, then hire a contractor to complete the rest. If you decide to make major repairs beforehand, hire a reputable professional to provide cost estimates that you can show to any interested buyers to put their minds at ease.

Four. Showcase your home.

Curb appeal and first impressions are valuable assets when selling your home. Clear unnecessary items from your yard and maintain the landscape to welcome visitors. Keep the interior of your home clutter-free to maximize your home’s livable space.

Five. Price it right.

The original asking price of your home has a huge impact on the ultimate sales price. If you price it too high, buyers will look for better values and your home will remain on the market longer. The longer your home is on the market, the less desirable it becomes to buyers – even if you eventually lower your asking price – because most buyers will avoid a home that others are avoiding. Conversely, pricing your home too low may result in a quicker transaction but will yield you less money in the end.

Cynthia Schmier
360-400-3475
www.Cynthia-Online.com

Major Changes Announced for HAFA!

Major news in the short sale and housing industry! On Friday, March 9, the Obama Administration announced updates to the Home Affordable Foreclosure Alternative (HAFA) program. Created in 2009, HAFA is a government-sponsored initiative assisting all Home Affordable Modification Program (HAMP) eligible homeowners in avoiding foreclosure through short sales and deed-in-lieus.
The HAFA updates will allow more distressed homeowners to seek assistance. Most importantly, the deadline for submitting for HAFA eligibility has been extended a full year, from December 31, 2012, to December 31, 2013.
Other major changes from March’s updates to the HAFA program include:

• The removal of occupancy requirements. Previously, HAFA required homeowners to have lived in the property within the last 12 months.

• $3,000 relocation incentives are now limited to properties occupied by an owner or tenant at the time of the short sale.

• Mortgage payments may now be allowed to exceed 31% of the homeowner’s gross monthly income. This update will allow a homeowner to stay current on her mortgage and still qualify, minimizing the overall impact to her credit.

• Secondary lienholders may now receive up to a maximum of $8,500, up from $6,000 previously.

• And one of the most dramatic changes: The Credit Bureau Reporting will now be Account Status Code 13 (paid or closed account/zero balance) or 65 (account paid in full/a foreclosure was started), as applicable.

So now a homeowner can be current on their mortgage, qualify for HAFA, continue to make their payments, and execute a short sale with minimum impact on their credit!

Cynthia Schmier
cynthia@cynthia-online.com
(360) 400-3475

Are you living under the cloud of an UNMANAGEABLE MORTGAGE?

It’s a sign of the times!

Most of us grew up thinking that if we planned well and played by the rules, we’d never have to stand by as our financial lives unraveled. 

But upheaval on Wall Street, unacceptable rates of unemployment and plummeting real estate values have taken their toll.  Since 2007, 7.9 million homeowners have lost their homes to foreclosure. Current estimates are that one in four homeowners owe more on their mortgages than they could get from the sale of their home. Millions more homes will be lost to foreclosure before this real estate crisis runs its course.

The sad fact is that foreclosure is not an isolated event. For months leading up to the loss of a home, financially strapped homeowners live under a cloud of uncertainty.  And then for many years afterwards, the blow to credit gets in the way of buying another home or buying anything on credit. Foreclosure even complicates employment prospects.

The impact of foreclosure is huge and the sad fact is that it’s often avoidable.

As a real estate professional who has earned the Certified Distressed Property Expert (CDPE) designation, my mission is to provide financially strapped homeowners with options to foreclosure, ensure that they steer clear of scams, and help navigate them through the solution that best meets their needs.

Among the most important facts to keep in mind: the sooner help is sought, the better the options.

These are tough times, but more help is available than ever before. If you or someone you care about is ready to navigate away from the dark cloud of an unmanageable mortgage and realize that hope and blue skies are within reach, contact me today and let’s get started.

Cynthia Schmier
(360) 400-3475
cynthia@cynthia-online.com