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Monthly Archives: June 2017

Preparing House For Spring Market

1. Basic Spring cleaning: There must be a reason, we often do Spring cleaning, whether we are selling or not. Houses are often stressed by the Winter weather, and need some degree of attention and neatening up, after the Winter. Sellers should carefully and thoroughly walk – through their homes, both inside and outside. Be as objective as you possibly can, and identify any areas, which seem to need some sprucing up. This may include cleaning or finishing floors, doing a thorough cleaning, removing clutter, and making the house more attractive for potential buyers. Remember, you only get one opportunity, to make a good, first impression!

2. Windows; doors; concrete; exterior; etc: Make certain all windows are really clean, both insider and outside. Either do so yourself, or find a window – washer, to do so, for you. Are your doors scuffed, and/ or dirty? Clean them, and touch up the paint, if needed. Do all windows and doors close thoroughly and correctly? Inspect the concrete and black – top areas, repair if necessary, seal the black – top, and thoroughly power wash! Look at the exterior of your home? Does it look dirty and/ or worn? At a minimum, power – wash the exterior siding, etc.

3. Landscaping; leaves; lawn; plants: Remember to constantly think about curb appeal! Make certain all leaves have been removed, lawn areas are healthy, seeded, and pleasantly green. Do some basic landscaping, such as improving the condition and appearance of flower beds, etc. Strategically, consider some plantings, so as to add color, warmth, and appeal!

4. Touch – ups: One of the biggest turn – offs to potential buyers, are areas, where there appears to be evidence of perceived neglect, such as chipped and/ or dirty paint. Strategically, touch – up these areas, and, if you have certain colors, which might deter certain buyers, consider covering them with more neutral colors.

Selling Haunted House

Ahead of time, disclose the truth to all possible buyers

Haunted houses have such frightening reputations in neighborhoods and communities. They are usual topics of scare stories. If your house happens to be haunted and you’re selling it, it will be wiser if you’ll let buyers know that it is haunted. Even if you don’ disclose that fact, buyers will readily know from neighbors and other people because it is a common knowledge. Make potential buyers happy with your honesty.

Cleanse the house of negative spirits

There are individuals who have reputations of driving bad spirits away. They can be priests, spiritual persons, faith healers, or paranormal experts. Let any of these persons handle the task of cleansing your house. Let this activity be known to potential buyers. Raise buyer awareness by inviting other people when these activities are done.

Slash the price

Because the property is stigmatized, you have to consider that buyers will usually negotiate for lower prices. Thus, you really have to adjust your selling price into favorable ranges. With this, you are somehow making the house become favorable in at least one factor.

Common Property Frauds

Deliberate Delays:
Even though the builder may have a handful of successful projects, it is important to ensure that the builder lives up to his promises in the existing projects. Project delays and disappearing builders are a common occurrence in real estate fraud. One strategy unscrupulous builders resort to is to delay project completion deliberately until they get requisite number of buyers. Yet others divert the money pooled from one project to another, delaying both projects in the process. One way to prevent this is to go for projects that have been approved by banks. Not only does it put the builder under obligation to complete the project in time but your tie up for finance is also taken care of. Another way to ensure it is to see if there is a delay clause in the agreement and that the construction stages with timeframes are clearly included in it.

Delay in utilities:
Not only project delays but also delay in approvals and sanction for utilities can leave buyers wringing their hands in despair even after possession. Thus, it is best to check for sanctions for utilities like electricity connection, water connection, etc. were pending. Issues like plot in unauthorized layout or sub-divided land, building with land use violation, setback violations, floor area violations, etc. detected after agreement formalities and construction have commenced could lead to delay in other downstream approvals and title registration.

Deviation from Approved Plans:
One important thing to ensure while buying a property is to ensure that it is similar to what the builder had promised. Many projects when completed take several deviations from the approved plan in terms of common areas. This possesses a huge challenge for many buyers who have to compromise on common amenities, spaces, promised luxuries and even on core project amenities like dedicated parking space despite having made additional payments for the same. The best to prevent this is to get the assurances in black and white.

Info of Buying Multi Family Properties

The leading reason can be anchored on the fact that this particular group of homebuyers are very much into making themselves financially sound and stable. They will buy multi-family properties because they will use these as income-generating streams. They will convert these properties into rental types where many people or families can rent for dwelling.

Multi-family properties are also surprisingly sold with the same price tags as single family homes of the same features. This is another reason which will most likely attract the millenials to look forward to buying such properties. Those sold higher than single types are those that offer more features.

According to comparative studies, millenials have improved on their spending habits. They now go more after value and for what would be beneficial for them for longer terms. With this also comes many options from wich the buyers could choose from.

Multi-family properties may be in duplex types. Another option is the condo type unit but they may be more expensive than the duplex styles. Yet, for consideration of security measures, the condo units might be a better fit.

As a growing segment of homebuyers, the millenials also know how important it is to be close to the busy areas of the community. There is high demand for multi-family homes from where lifestyle districts, gastronomic spots, and even entertainment hubs will be few miles or within walking distances.

Students are also seen as among those who will patronize multi-family properties. They like trimming their expenses such that they will be willing to share some expenses to a group of persons. Normally, what could be good investments are properties near large colleges or universities. From these schools, will come possible tenants who like the idea of shared spaces and shared expenses.