What is an expired listing? An expired listing is one that has not sold by the end of the period stipulated in the listing contract between the seller and the listing agent. In Nevada, you can have what is called an “exclusive right to sell” agreement with your brokerage and listing agent. This period of time is set on the multi-listing service (MLS), and once that period is up, you can renew that contract with your listing agent or remove your home from sale.

 

We never want to see this happen and so we take steps to help avoid that scenario. These are my tips to help you avoid an expired listing:

 

  1. Overpriced Homes

Many homes that expire do so because the listing was overpriced.

Overvaluing a home sometimes happens when an eager agent is hoping to secure the listing, or when a homeowner who believes their home is worth more than what the market can bear insists on a high listing price.

 

Many factors go into valuing your property. Local area sales history relative to your home (market data), to your home’s features and upgrades, along with how the market is moving will help determine a good selling price.

 

An experienced agent is familiar with the local area market, current market trends and can adequately price your home to sell. They can also help you navigate the market, negotiate offers and successfully sell your home at the right price. 

 

Do not over price your home to make room for negotiation, lean into your agent for appropriate pricing.

 

  1. Inadequate Marketing

In this day and age, we have a multitude of ways to market properties online. So many times, listings end up on MLS and that is it, nothing more. Your agent’s job is to market your home – not just list it. From MLS, to social media, to sharing information in the community, and providing adequate marketing materials at the property, this all works together in getting the word out that the property is for sale.

 

My approach:

You will receive an honest and researched valuation of your property before it is listed for sale. You will have the opportunity to review that valuation and go over the details of how I came to that valuation and get answers to all of your questions.

 

My team of marketing professionals and transaction coordinators work diligently to get the word out about your property to help you sell it quicker.

 

My network of agents and community members help to get more eyes on your property listing, helping you to gain exposure and ultimately sell faster.

 

Looking to sell, or know someone who is? Call me today! (775) 309-7979.

Because buying real estate is a substantial investment, a home inspection can help give you peace of mind when buying or selling a house.

 

Whether you are a buyer or seller, it’s good to know whether there are any substantial defects that would significantly affect the property.

 

Here in Nevada, home inspections can be waived, however many buyers will request an inspection. Home inspectors will examine the home, and all its components, to provide an inspection report.

 

If you are a seller, it’s a good idea to get a home inspection before you put the property up for sale. Pre-inspections will streamline the buying process when you receive an offer, and if there are any significant fixes that need made, you can have them done before your house goes on the market or be prepared to offer allowances if needed. While doing a pre-inspection can be helpful, but it’s not required.

 

Here is a list of things to prepare for a home inspection:

  1. Clear access to areas for the inspector under the house, in the attic, and around the exterior of the house.
  2. Replace bulbs and light switches that do not work.
  3. Replace all filters in the furnace, water systems, etc.
  4. Make sure smoke detectors and CO2 sensors are in working condition.
  5. Check the foundation, in and outside of the house, for cracks.
  6. Check to see that your foundation slopes away from your house and not toward it.
  7. Make sure you don’t have bugs or pests.
  8. Trim trees, bushes, shrubs, and keep your landscapes tidy.

Anything you think might be an issue should be fixed ahead of time. Things found during an inspection that are required to be fixed can end up requiring a re-inspection to ensure they are fixed correctly. Save time and money by preparing ahead of time.

 

Looking to sell, or know someone who is? Call me today! (775) 309-7979.

Selling your house is a big deal and a big task. I like to make sure my clients are fully aware of the process and the things they need to do for a successful sale. I am here to make your lives easier. Here are my top tips:

  1. Get your house into sale shape
  2. Find the right real estate agent for the job
  3. Listen to your agent and list your house at the right price to sell

 

Getting your house into sale shape is step one. Start with my posts on Staging your Home, Top 9 Things to Spruce Your House Up, and Top Exterior Home Repairs to Make Before Selling. Included in these posts are checklists of things to start working on to get your house ready to list.

 

To get top dollar for your house, fix and clean anything that might need attention or repairing. Don’t leave things that are broken, old, or dingy laying around, it may lead to lower-priced offers or offers with allowances to fix these items. And make sure to think about the last big repairs and updates you have done to your house and tend to those (roof, HVAC system, water heater, flooring, and gutters).

 

Finding an agent who knows the area market well and who knows the ins and outs of the buying and selling process will help you save time. A great agent will be able to guide you through the process, advise you if things go awry, help you make solid decisions along the way and get your house sold quicker.

 

Buying a house is not something most people do often, but your agent goes through this process all the time. Lean into them and their knowledge. They will be able to make the right call on pricing and offers. An agent knows the current state of the market and what to expect which can help during the sale process.

 

If you or anyone you know is looking to buy, sell, or relocate to the Carson Valley, please send them my way. Call today 775.309.7979.

 

Deciding to sell your home can be overwhelming. My job is to help make the process easier. So, in this article, I break down where to begin. Start working your way through this exterior maintenance checklist to ensure that your house is market-ready and save you major headaches in the long run.

 

  1. Cleaning, painting, gutters, downspouts

Gutters are a seemingly minor detail on a house but can present problems during the wet months. Start by clearing all debris from the gutters and touch up the paint if any is peeling.

 

  1. Foundation check – wall cracks?

Checking the foundation is a must-do since any foundation issues will likely come up in a home inspection. Checking these and getting ahead of the issues now will help avoid problems during the escrow process.

 

Call me if you would like a referral to an expert who can help you with any of these tasks! 775.309.7979

 

  1. Power wash your home’s exterior

A simple but impressive repair to your home, power washing the exterior will present your home’s best face. You might even wish you had done this one sooner.

 

  1. Change light fixtures

Change out anything dingy, replace light bulbs, and anything is broke or rusting. Clean or replace these fixtures to make them look nice, shiny and bright.

 

  1. Inspect chimney

Another item that will come up in a home inspection is the chimney. Have your chimney cleaned and be sure it is in good condition. If anything needs tending to, now is the time to get it taken care of.

 

Call me if you would like a referral to an expert who can help you with any of these tasks! 775.309.7979

 

  1. Replace worn shingles

The roof is an important piece of the process, and an item most often needing tending to during home sales. Fix anything minor, and if there is major work to be done, get an estimate from a reputable roofer, and either fix the issues or know that an allowance for repair may be negotiated during the sale.

 

  1. Fix any window issues.

Definitely make sure all windows are in working order, clean, not cracked and in good shape. Replace any torn or broken screens, have the windows professionally cleaned inside and out, and clean the window sills. Tend to any leaky windows and broken or non-functioning window locks.

 

Remember, the more of this you can get done ahead of time, the less time these items will hang up the escrow process. If you have any questions or don’t know if something should be repaired or tended to, you can always call me to do a look at your house before we list it and I can help you get on track.

 

Call me if you would like a referral to an expert who can help you with any of these tasks! 775.309.7979

Spruce Up Home to Sell

When you put your house up to sell, you don’t want it to sit on the market for a longer time than necessary.

Maybe you have an offer in on your dream home, or you are leaving the area.

Either way, the speed at which you can sell your house is probably a big factor.

This is one of the questions I am asked most often: What do we need to do to our house to sell it faster?

Here are my top recommendations:

1. Paint

Fresh paint is the home improvement task that will give you the biggest bang for your buck. Freshen up the interior/exterior paint on doors, walls, trim, entryway, high traffic areas, bathrooms, and kitchens.

2. Lighting

Replace old lighting fixtures. Clean up or replace any fixtures or switch plates that look dingy. Clean dirty or dusty fixtures, inside and out. Hire a professional for those fixtures that are hard to reach or need some care.

3. Declutter

Declutter everything possible. You will be moving, so now is the best time to begin packing. Don’t leave out your favorite collectibles, stash them away. You want people viewing the house to be able to envision their things in the house and it is easier to do so with a clean clutter-free space. Hide daily necessities as much as possible. Use decorative baskets or put things away in drawers. Clear off the countertops and clutter. See my article on staging your home to sell.

4. Clean

Hire a professional to do a deep cleaning of the entire house. This will give you a fresh starting point to help keep up on daily cleaning. You could even continue to have the cleaner come throughout the time the house is on the market. This goes for the exterior as well, make sure patio furniture is clean – using the “would you want to sit on it?” test. Make sure debris is cleaned up and pet waste is kept to a minimum.

5. Landscape

Hire a landscaper to take care of any big projects that need to be completed, such as tree and bush trimming or pruning, sprinkler care or fixing. Clear out weeds and debris. Remove any dead or dying plants that clutter up the yard. Make all exterior areas accessible and clear.

6. Repairs

We all have those little things that need to be taken care of around the house – a squeaky door, a cracked light switch plate, wall damage, leaky faucets, or broken fixtures. Now is the time to get these items repaired. You can hire a handyman to complete these minor jobs before listing the house for sale. 

7. Change the ugly

Outdated items are not appealing to viewers. While you don’t need to remodel the house to sell it, there are a few things that you can do to update the features and the décor to spruce the house up a bit. Replace old dingy and unappealing looking items – curtains, window coverings, area rugs, outdated light fixtures, dingy light switches, and plug covers.

8. Flooring

Remove old stained carpeting and install new flooring if your flooring is old or worn. If the flooring is in bad shape, buyers may ask for an allowance in the sale to cover the cost of repairs/replacement. Deep clean carpets and rugs, shine up wood or laminate flooring and fix anything minor that is an eyesore. Bring in the professionals to get the job done.

9. Check the core foundational items

Items such as the roof, hot water heater, plumbing, foundation, windows, patios, and decks are major items that people will closely inspect. Make any repairs or fix items that might be an issue during an inspection. Consult with your agent if you have any questions.

Looking to sell, or know someone who is? Call me today! (775) 309-7979.

Want a checklist to print out? Click on the image below.

 

 

 

 

 

 

 

 

 

 

 

Stage your home for sale

 

Home staging can be done either by a professional, or DIY. There are things you can do to successfully stage the house while still living in the house. If the house is vacant, hiring a staging company to furnish and stage the house might be a better option than leaving it vacant.

Staging a home can shorten the time the house is on the market and can increase the sale price, compared to unstaged homes.*

1. Prepack

Collectibles, items that take up a lot of room and items you don’t use often need to go! Simplify as much as you possibly can. Start to pack up – you’re moving anyway. Clutter causes potential buyers to have difficulty envisioning their things in the space. Your style and a potential buyers’ style might be different, so it’s best to pack it away. Our job is to help the buyers make their decision easier, in order to sell your house quickly. Which means we need to appeal to a multitude of potential buyer styles, and simple and neutral is best.

2. Declutter

This is along the same lines as pre-packing, but if you are living in the house, hide your daily necessities as much as you can. Place daily use items in drawers, baskets or bins that can be placed out of sight. Make sure dirty dishes are out of sight in the dishwasher or washed and put away. Make sure dirty clothes are out of sight in a hamper or hidden away in a basket. Simplify items left out on counters and tables.

3. Intentional Decor

While we want to declutter the house and hide our collectibles, setting intentional neutral décor can help set a tone for potential buyers. Search Pinterest for decorative scenes you can easily and affordably set up around the house. For instance, if you have a formal dining room, you could set the table with nice plates, silverware, glasses, plain colored table cloth, and fresh flowers. Place fresh flowers around the house – this will beautify the space and make the house smell wonderful. Set out simple pillows on the furniture, set out a pretty bowl of fresh fruit on kitchen counters, Set candles and pretty plans on mantels and shelves. This décor might be in the way of day-to-day living, but it paints a scene for the potential buyers. After all, it’s only temporary.

Note for seasonal décor, make sure it’s not busy and as simple as you can make it. We are trying to create a nice space but appeal to a variety of tastes.

During warm weather months, make sure any outdoor living spaces are clean, simple and set the scene.

4. Clean

Hire a professional to do a deep cleaning of the entire house. This will give you a fresh starting point to keep up on daily cleaning, you could even continue to have the cleaner come throughout the time the house is on the market. This goes for the exterior as well, make sure patio furniture is clean – using the “would you want to sit on it?” test. Make sure debris is cleaned up and pet waste is kept to a minimum. Hire a landscaper to clean up problem areas and to keep up on the lawn and pruning while the house is on the market.

Looking to sell, or know someone who is, call me today! (775) 309-7979. 

 

 

 

 

* https://www.homestagingresources.com/2018-home-staging-statistics/

“A goal is a dream with a deadline.” — Napoleon Hill

Whether you want to visit the Great Wall of China or start your own business, chances are you’ve got a dream in your life that you’d like to turn into a reality. The hard part is figuring out how to make that happen! With a little inspiration and some direction, it is possible to translate your dreams into achievable goals.

This month, I’m sharing a road map to help you begin your journey. You’ll find a few tips on how to turn your dreams into solid goals. There are also guidelines to help you craft your bucket list — and a few words on why a bucket list shouldn’t just be created toward the end of your life.

It is my hope that this information will leave you hopeful and inspired. Best of luck turning your dreams into goals, and goals into result.

What is a vision board?

A collection of pictures and images that inspire you to make your dreams a reality.

A good vision board could show your…

  • Dream job
  • Dream vacation
  • Family Goals
  • Career goals
  • Personal aspirations
  • Health and fitness goals

Actively seeking these dreams is a regular reminder of what you are working to achieve. 

Avoid images that discourage you or make you feel like you’re not good enough. These should inspire you, not take you down.

The Raw Materials:

  • Choose your canvas: blank poster board, cardstock, digital (think screen saver), corkboard, blank book, scrapbook
  • Find your pictures: magazines, online, Pinterest, Instagram, other social media, real-life imagery, Google images, business cards, tags stickers any imagery that inspires you
  • Keep it somewhere you will see it – digital? On your laptop or phone desktop is perfect – as a desktop image! Keep poster boards in a place you will see it daily, such as your office, your bathroom or bedroom walls for daily inspiration.

Build Your Dreams with a Vision Board

 

 

Oh, by the way®… if you know of someone who would appreciate the level of service I provide, please call me with their name and contact information. I’ll be happy to follow up and take great care of them.

Only 34% of Americans own their homes free and clear. All other homeowners have a mortgage they’re chipping away at. If you have a mortgage, you may want to consider paying it off early.

Before you begin, you should know… Some states allow lenders to implement prepayment penalties, which means it could actually cost you more to pay off your mortgage early. Regulations vary per situation, so before you proceed, find out from your lender if you’d face a prepayment penalty on your mortgage.

Ginger Easley Remax

If there is a penalty 

Decide if it’s worth it to you. Fines are typically a percentage of the mortgage itself. Carefully evaluate the risk versus reward before committing.

If there is no penalty.

Start chipping away at your principal as soon as you can.  The first five years is the best time to make additional payments toward your principal.

Here are 7 strategies to pay off your mortgage early!

Bi-weekly payment plan. Pay half your monthly payment every two weeks. Some months will have an additional payment, this could add up to an extra full payment per year.

Matching principal payment plan. Add your initial principal payment to every monthly payment that follows. This shaves years off your mortgage and saves interest.

Make an extra full payment. per quarter In some cases, this can take up to 11 years off your mortgage.

Cash influx. Put unexpected cash – like an inheritance, birthday gift, tax refund, etc. – toward your principal balance.

Refinance to a 15-year loan. This is helpful if you’re on track to pay it off early, rates are low, and you’re early in the mortgage. Consult your mortgage professional if you’re not sure.

Divide your mortgage payment by 12. Add this amount to your monthly payment and make one extra payment per year.

Do what you can. Make small budget cuts and save money to contribute toward your principal.

Ginger Easley Remax

For more insights on paying off your mortgage early, listen to The Brian Buffini Show podcast episode #124 – Getting the Mortgage Monkey Off Your Back.

Make sure you talk to your bank or lender and tell them your plans before you get started. If you want to learn more about these best practices, talk to a mortgage professional – call me for a great referral!

 

© 2019 Buffini & Company. All Rights Reserved. Used by Permission.

Although it’s impossible to predict the future current trends ad statistics create a picture of the market’s health. Home Prices are up 4.6 percent and the average home value is $264,800¹. Sales may be down, but prices will continue to rise. This is good news for

home in hand

sellers, but may keep buyers on the sidelines in high-price markets.

Home sales are down 1.5 percent from a year ago¹. Experts say that many buyers are priced out of the market or they’re waiting until more homes within their price range are available. Although it’s impossible to predict the future, current trends and statistics create a picture of the market’s health.

Homes are selling fast. Homes are on the market for an average   only 29 days, with 52 percent of homes on the market for less than a month.1

Inventory is tight¹.  People are staying in their homes longer and housing starts are at an all-time low.2  However, housing permits are up 8.4 percent over last year, which means more inventory to come.3

New tax code may have an impact. The interest deduction is capped at $750,000 (down from $1 million) and the property tax deduction is capped at $10,000. This may mean less expendable cash for those with, or needing, a big mortgage.

Competition is high. First-time buyers made up 31 percent of home purchasers.1 For those in the market to buy, get preapproved for a mortgage to stay competitive. If you need a lender, I can refer you to a great one in my network. Let’s set a time to talk about tour local market. I’d love to share my housing market insights with you and do an annual review if you currently own.

Will we see a market correction?5

Recently, you may have seen news headlines predicting the next recession.  The economy has been growing since 2009, the longest stretch in US history.5  Since the economy is cyclical, it’s onlythinking of buying or selling natural to wonder when the economy will begin to retract.

 Causes of a downturn. Recessions are often caused by unforeseen events or circumstances that shock the market. Sixty-two percent of experts say an overheating economy will lead to the Fed tightening its belt.5 Others say a financial meltdown may be caused by an asset bubble, fiscal crisis or international trade disruptions.5

Reason to be optimistic. Housing isn’t like

Take headlines with a grain of salt. Experts predicted recessions in 2011 and 2016, and  neither transpired. It is important to remember that growth doesn’t last, so a downturn would be considered natural. Over the next year, economists predict the Gross Domestic Product (GDP) will continue to grow and unemployment rates will fall further. The risk of recession in the next year is only about 15 percent, and the changes to the tax code effective this year are expected to drive business investment spending.

three things to watch for

 

 

Sources:

  1. National Association of REALTORS
  2. CNN Money
  3. National Association of Home Builders
  4. HousingWire
  5. Wall Street Journal

© 2019 Buffini & Company. All Rights Reserved. Used by Permission. RMMK JANUARY S

Here are some essential tips for sellers and aspiring home buyers. Make sure you also lean into your trusted real estate professional for additional insight and guidance.

SMART STRATEGIES FOR SELLERS

Putting a home up for sale can be stressful, and some owners have a hard time making objective decisions when it matters most.

Homeowners consistently overestimate the market value of their homes by 5 to 10 percent.1

PRICE IT RIGHT

Your listing agent will perform a current market analysis.Look closely at the sales of similar homes that have closed in the last 90 days and take the number of available listings into account when agreeing to an asking price.

Sources: 1. Smart Money Magazine, February 2, 2011

2. National Association of REALTORS, 2014 Profile of Home Buyers and Sellers

KEEP IN MIND

Homes that have failed to attract a buyer in a reasonableperiod of time may be overpriced.

Foreclosures or short sales in your neighborhoodcan impact your home’s market value.

It doesn’t pay to set the price too high; mostbuyers will need financing and the bank will generally use an appraisal based onrecent sales to justify the amount.

Your agent may recommend  that you perform repairs to  correct visible flaws—or even  suggest staging your home so it  feels more spacious and potential  buyers can picture themselves living there.

TAKE ADVANTAGE OF  YOUR MARKET DEBUT

Pricing your home competitively  from the get-go increases the odds  of a quick sale.

Nearly 43% of buyers looked online  for properties as their first step and  43% found the home they ultimately  purchased on the Internet.If your  home is priced too high when it hits  the market, you run the risk that active,  qualified buyers will scroll right past it.

New listings are called “hot” for a  reason—buyers get excited about  them. Showings are likely to cool  off noticeably after the first 30  days on the market.

When weighing an offer, make sure to consider the potential costs of holding on to your property longer than you want or need to (including the mortgage, property taxes, insurance, maintenance, etc.).

Get the home you want

Get Ready

Talk to your mortgage professionalabout your financial situation and credit history to determine your loan options. It’s important to know how much house you can afford based on your down payment and income. A strong letter of pre-approval can really add to your bargaining power.

Have a meeting with your real estate agent. Discuss your needs and preferences and establish the best method for your agent to send listings and communicate with you about available properties. Tap into his or her knowledge of the local market.  When it comes time to act, your agent will represent your interests in negotiations and work to ensure a smooth transaction.

Shop Smart

Expect to pay more for a showplace: if you consider a fixer-upper, judge structural deficiencies more harshly than cosmetic flaws. It can be costly to replace major components or to change the layout, but redecorating with flooring, fixtures or paint is relatively easy and sometimes offers instant equity potential.

Location is key. Even if the site seems perfect for you at the present time, think about whether it will appeal to a large pool of buyers if you should decide to sell in the future.

Go for It!

To write a winning offer without overpaying, look at the prices for comparable sales. Consider whether the property is in a high-demand area or if there is plenty of competition. Ask your agent to find out why it is for sale and if the seller seems motivated. If you accommodate the seller’s preferred closing dates or other terms, he or she maybe more flexible with the price.

Do Your Due Diligence

Schedule a home inspection after coming to terms. Many sellers expect to address issues related to safety or building codes, and additional repairs (or a credit) may be negotiated. Make sure all of your questions or concerns regarding the home’s condition are answered through the inspection process.